Company Registration No. 04272091
The Charity Registration No. 1145380
Tara Yoga Centre
A company limited by guarantee
Unaudited Report and Accounts
31 August 2021
Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
The Trustees present their Report and Accounts for the period ended 31 August 2021, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The legal name of the charity is Tara Yoga Centre
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1145380
Legal structure of the charity
The Charity is incorporated in England & Wales, the company registation number is 04272091
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
The principal operating address
Export House
25-31 Ironmonger Row London EC1V 3QW
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The Trustees in office on the date the report was approved were:-
Ms. Stine Maria Porsfelt Andrew David Tregidgo
Nicola Frangi
The following persons served as Trustees during the period ended 31 August 2021:-
The trustees who served as a trustee in the reporting period were are shown belows.
Ms. Stine Maria Porsfelt Andrew David Tregidgo Nicola Frangi
All the trustees are also members of the charity.
The number of directors shall never be less than 3, the directors have the power to co-opt any person as a director, either to fill a casual vacancy or by way of addition to their number. Any member so co-opted shall retain office only until the next Annual General Meeting, but shall then be eligible for re-election.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The Centre’s objectives are to advance public education in the classical teachings of Yoga based on the highest standards of personal conduct and service to others, and to promote and advance the study and practice of and research into the therapeutic effects of Yoga as a means of preserving, protecting and improving the mental, physical and spiritual health of the community.
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
The main activities undertaken in relation to those purposes during the year.
The Centre seeks to achieve these objectives principally through Yoga teachings and other related disciplines through courses, workshops, conferences and lectures open to its members and to the general public.
When setting the objectives and planning the work of the Centre for the year and for future activities, the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit
The main activities and undertaken during the year to further the charity's purpose for the public benefit.
All activities take place online and at London, Oxford , Cambridge and Manchester.
Free drop-in Hatha Yoga sessions for our members and the local community (up to 5 times a week)
Yoga, workshops and other activities for the elderly in care homes.
Free Library: books on various fields of alternative medicine, science, spirituality, general health and well-being, nutrition, yoga, meditation, etc.
Open Days for the promotion of Yoga and Meditation practice and alternative healing as an aid to improving life, well-being and global harmony, through lectures, workshops and interactive activities.
Social events offering an enviroment for people to meet, socalize, share their experiences and help create a community of like-minded perople.
Free access to additional activities, art performance, open days and other events
Education programmes for self-development, in the form of men's and women's groups, that support the members to address the challenges of masculinity and feminity in modern society
In 2015 the UN declared June 21 as International Yoga Day. Since then, Tara has held free events on this day to promote the value of practising yoga, hosting a full day of activities online, including yoga and meditation classes.
Free week-long annual event, open to the public, including community-based activities, performances, lectures, concerts, workshops and meditations, promoting spiritual and general well being.
The development and delivery of education programmes for couples based on the principle of living together harmoniously.
Promoting the principles of voluntary work to support the charity's activites including training volunteers in communication skills, customer services, basic accounting, PR, administation and event organising.
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
Organisingand holdingan online Summer retreat, promoting well-being, self devlopment, communication and essential skills in harmonious life development.
Hosting alternative healing and self-development workshops.
Tara teachers offerd free support to various well-being events abroad.
Organising and holding a 5 day Summer retreat, promoting well-being, self development, communication and essential skills in harmonious life development.
Free one to one councelling and self-development guidance given to our members by our trained teachers.
Free summer break program for members (August 2020)
COVID 19 - Lockdown period
In addition to the above, Tara remained proactive in providing the following:
Two to three free weekly webinars to support both the public and our members on topics including nutrition, prophylactics, mental health and crisis management, yoga, meditation, relationships, self-knowledge and self-delelopment.
Free online Hatha Yoga drop-in sessions.
Freeonline consultations for members.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
The Centre appoints the trustees from the group of members. They are appointed on the basis that they have already been playing an active role in helping to run and promote the ethos of the Centre, i.e. an experienced Yoga Teacher. They will have proved to be trustworthy, efficient, reliable, have strength of character and be able to take initiative.
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
The charity's financial position at the end of the period ended 31 August 2021
The financial position of the charity at 31 August 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2021 £ 47,230 14,623 61,853 |
2020 £ 9,264 5,359 14,623 |
|---|---|---|
Financial review of the position at the reporting date, 31 August 2021
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Policies on reserves.
The trustees have examined the requirements for free reserves ie those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise commited. The trustees consider that given the nature of the Centre's work the level of free reserves of £61,853 is considered adequate. This amount represents the net current assets within the unresticted fund as at 31 August 2021.
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
Availability and adequacy of assets of each of the funds
The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences in income flows, and adequate working capital to cover core costs.
Statement of the Directors' and Trustees' Responsibilities
The charity's trustees are responsible for the praparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn , the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts in according to FRS 102 SORP (statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and
-
applicable law)
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
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Tara Yoga Centre
Company Registration Number - 04272091
Trustees' Report for the period ended 31 August 2021
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the accountant preparing the accounts has no responsibilities in relation to the Trustees' report.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 9 to 19
The financial statements have been prepared inplementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting period beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 25 May 2022
Stine Maria Porsfelt Director and Trustee
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Independent examiner's report to the members of the Tara Yoga Centre
The charity's trustees (who are also the directors for the purposes of the Companies Act 2006) are responsiblefor the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
It is my responsibility to
examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general Directions given by the Charity Commissions under section 145 (5)(b) of the Charities Act, and
To state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparision of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination no matter has come to my attention.
- which gives me reasonable cause to believe that in any material respect the requirements
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommrnded Practice, Accounting and Reporting by Charities
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lee Hillier Certified Public Accountants Association 25 New Road Chatteris Cambs. PE16 6BJ This report was signed on 25 May 2022
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Tara Yoga Centre - Statement of Financial Activities for the period ended 31 August 2021
| Income & Endowments from: Donations & Legacies Charitable activities Investments A4 Total income Expenditure on: Raising funds B1 Charitable activities Total expenditure Net income for the year Net income after transfers Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds |
Current year Unrestricted Funds 2021 £ 313,458 27,640 6 341,104 6,480 287,394 293,874 47,230 47,230 47,230 14,623 61,853 |
Current year Restricted Funds 2021 £ - - - - - - - - - - - - |
Current year Total Funds 2021 £ 313,458 27,640 6 341,104 6,480 287,394 293,874 47,230 47,230 47,230 14,623 61,853 |
Prior Year Total Funds 2020 £ 264,054 29,495 - 293,549 3,480 280,805 284,285 9,264 9,264 9,264 5,359 14,623 |
|---|---|---|---|---|
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Tara Yoga Centre - Statement of Financial Activities for the period ended 31 August 2021
Movements in revenue and capital funds for the period ended 31 August 2021
Revenue accumulated funds
| Accumulated funds brought forward Movement in year Closing revenue funds Recognised gains and losses before transfers |
Unrestricted Funds 2021 £ 14,623 14,623 47,230 61,853 |
Restricted Funds 2021 £ - - - - |
Total Funds 2021 £ 14,623 14,623 47,230 61,853 |
Last year Total Funds 2020 £ 5,359 5,359 9,264 14,623 |
|---|---|---|---|---|
Tara Yoga Centre
Income and Expenditure Account for the year period 31 August 2020 as required by the Companies Act 2006
| Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Fundraising costs Governance costs Charitable expenditure Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2021 £ 341,098 6 341,104 341,104 6,480 565 286,829 293,874 47,230 - 47,230 47,230 |
2020 £ 293,549 - 293,549 293,549 3,480 465 280,340 284,285 9,264 - 9,264 9,264 |
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
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Tara Yoga Centre - Balance Sheet as at 31 August 2020
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Current assets | |||||
| Cash at bank and in hand | 61,480 | 58,746 | |||
| Debtors | 8,333 | 8,333 | |||
| Total current assets | 69,813 | 67,079 | |||
| Creditors: amounts falling due within | |||||
| one year | 6 | (7,960) | (2,456) | ||
| Net current assets | 61,853 | 64,623 | |||
| Creditors: amounts falling due | |||||
| after more than one year | - | (50,000) | |||
| The total net assets of the charity | 61,853 | 14,623 | |||
| The total net assets of the charity are | funded by the funds of the | charity, as follows:- | |||
| Unrestricted Funds | |||||
| Unrestricted Revenue Funds | 8 | 61,853 | 14,623 | ||
| Total charity funds | 61,853 | 14,623 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Stine Maria Porsfelt
Trustee Approved by the board of trustees on 24 May 2021
The notes attached on pages 12 to 19 form an integral part of these account
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accrual basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and FRS 102 SORP(Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, and in accordance with all applicable law in the charity's juristiction of registation, except that that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, nothwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, refer explicitly to the SORP 2005. This has been done to accord with current best practice.
The charity is a public benefit entity.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
Donated goods, facilities and services
Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.
In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.
If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.
The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.
The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock.When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations '. Goods donated for resale are included in 'Income from other trading activities'
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.
Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.
Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
Policies relating to assets, liabilities and provisions and other matters.
Stocks and work in progress
Stock is valued at the lower of cost and net realisable value.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Creditors are measured at transaction price (which is usually the invoice price).
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
4 Staff costs and emoluments
| Salary costs | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Gross Salaries excluding trustees and key management personnel | 27,034 31,691 |
|
| Total salaries, wages and related costs | 27,034 31,691 |
|
| Numbers of full time employees or full time equivalents The average number of total staff employed in the year was |
2021 | 2020 7 7 |
| The average number of part time staff employed in the year was The average number of full time staff employed in the year was The estimated full time equivalent number of all staff employed in the year was The estimated equivalent number of full time staff deployed in different activities in Engaged on charitable activities |
3 4 4 3 7 7 the year was:- 7 7 |
|
| The estimated full time equivalent number of all staff employed as above | 7 7 |
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
5 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
| 6 Creditors: amounts falling due within one year Accruals PAYE, NIC VAT and other taxes 7 Creditors: amounts falling due after one year Bank loans and overdrafts 8 Income and Expenditure account summary At 1 August 2020 Profit/(loss) for the periods At 31 August 2021 |
2021 £ 7,436 524 7,960 2021 £ - 2021 £ 14,623 47,230 61,853 |
2020 £ 2,171 285 2,456 2020 £ 50,000 2020 £ 5,359 9,264 14,623 |
|---|---|---|
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
9 Particulars of how particular funds are represented by assets and liabilities
| At 31 August 2021 Current Assets Current Liabilities long term Creditors At 1 August 2020 Current Assets Current Liabilities long term creditor |
Unrestricted funds £ 69,813 (7,960) - 61,853 Unrestricted funds £ 67,079 (2,456) (50,000) 14,623 |
Designated funds £ - - Designated funds £ - - - |
Restricted funds £ - - - Restricted funds £ - - - |
Total Total Funds Funds £ £ 69,813 69,813 (7,960) (2,456) - - 61,853 67,357 Total Total Funds Funds £ £ 67,079 67,079 (2,456) (2,456) (50,000) (50,000) 14,623 14,623 |
|---|---|---|---|---|
10 Change in total funds over the year as shown in Note 9 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds |
£ 14,623 14,623 14,623 Funds brought forward from 2020 |
£ 47,230 47,230 47,230 Movement in funds in 2021 |
£ - - - Transfers between funds in 2021 |
£ £ 61,853 14,623 61,853 14,623 61,853 14,623 Funds carried forward to 2020 Funds carried forward to 2021 |
|---|---|---|---|---|
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Tara Yoga Centre
Notes to the Accounts for the period ended 31 August 2021
11 Analysis of movements in funds over the year as shown in Note 10
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- |
Income 2021 £ 341,104 341,104 |
Expenditure 2021 £ (293,874) (293,874) |
Other Gains & Losses 2021 £ - - |
Movement Movement in funds in funds 2021 2020 £ £ 47,230 9,264 47,230 9,264 |
|---|---|---|---|---|
12 The purposes for which the funds as detailed in note 10 are held by the
Unrestricted and designated funds:-
Unrestricted Revenue Funds
These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restriction on their use
13 Ultimate controlling party
The charity is under the control of its legal members.
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