Company Registration No. 04272091
The Charity Registration No. 1145380
Tara Yoga Centre
A company limited by guarantee
Unaudited Report and Accounts
31 August 2024
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
The Trustees present their Report and Accounts for the period ended 31 August 2024, 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.
1
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
## **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:-**
Nicola Frangi Ofer Yariv
## **The following persons served as Trustees during the period ended 31 August 2024:-**
The trustees who served as a trustee in the reporting period were are shown belows.
Ms. Stine Maria Porsfelt (resigned 5 June 2024) Andrew David Tregidgo (resigned 16 October 2023) 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. The charity has passed a resolution to have 2 directors at the moment, they are looking to appoint a 3rd.
## **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.
2
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
## _**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.**_
Over the past year Tara Yga Centre has undertaken the following initiates to further its Purpose and Objectives with the added outcome to positively impact the local community.Activities offered took place in locations in London, Oxford and Cambridge.
Free drop-in Hatha Yoga sessions were offered to our local community and members for up to 5 sessions per week. The sessions last for 1 hour and are open to adults of all abilities. During this period 116 sessions were offered, 1156 people attended these sessions, with 438 unique individuals.
Each month Tara Yoga Centre offer a free Meditation event which is open to our members, local community and the general public. The Medition sessions are guided and last from between 45 mins to 1 hour and 30 mins. 20-30 people attend each event.
Free lectures and workshops are offered on a monthly basis and are open to our local community, our members and the general public. These events cover a variety of different spritual and wellbeing topics. Each session includes both theory and practice elements along with techniques that can be used at home. During this period sessions 29 were offered, some online, 427 attendees.
We held monthly social events for both the local community and members, providing a space to meet, socialise and share experiences, helping to create a community of likeminded people. Events ranged from evenings of open discussions on spiritual and contemporary topics to themed parties.
In September and February of each year Tara Yoga Centre hosts a free Open Day in London, Oxford and Cambridge. The open day offers free yoga sessions and a variety of workshops orientated around the subjects taught by Tara Yoga Centre. These include The promotion of Yoga and Meditation practice and alternative healing as an aid for improving life, well-being and global harmony, through lectures, workshops and interactive activities. In September 2023, 207 individuals attended with 96 in February 2024.
3
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
Tara Yoga Centre maintains a spiritually orientated library which is free to members. The books in the library cover various topics including alternative medicine, the sciences, spirituality, general health and well being, nutrition, yoga and meditation.
A week long event celebrating Angels was put on in October 2023. In this week Angels' Week was an online event and free to participate. All events in this week were open to the local community and members with hundreds of oarticipants attending over the week. The week included, performances, lectures, concerts and workshops, promoting spiritual wellbeing.
Educational programmes for self-development were offered to members, in the form of mens and womens groups, addressing contemporary societal challenges relating to masulinity and femininity. We also developed a programme for couples which focuses on fostering harmonious relationships and living.
We hosted 'Angels and Archangels week' in October-November, an annual 8 day-long celebration, which was free to attend and being open to the local community and public at large. The week featured performances, lectures, concerts, meditation and workshops promoting spiritual well-being and communion with Angels and Archangels. Several hundred people participated in the different events throughout the week.
We developed an education programme specifically for couples. This was delivered in the form of workshops and was based on the principles of harmonious relationships and living.
Promoting the principles of voluntary work to support the charity's activites including training volunteers in communication skills, customer services, PR, administation and event organising.
4
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
We organising and ran a two 7 day retreats during the year. The programmes for the 7 days retreats included daily yoga practice, workshops and lectures that promoted wellbeing, self development, communications and the essential principle and skills for an harmonious life.
Our trained teachers offer support and guidance on self-development to our members both in groups and on a one-to-one basis.
Our teachers offer free support to various international well-being retreats and events.
During our August summer break we offered a free program of activities for members which included yoga sessions both outdoor and at our Centre, themed talks and movie nights where we discussed the meaning and messages behind the movies.
We organise and host 2 annual Festivals, which is open to all. This festival is run over a long weekend providing an open platform for a variety of guest teachers to present subjects on well-being, harmonious living, relationship enhancement through workshops and talks.
## **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.
5
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
## _**The charity's financial position at the end of the period ended 31 August 2024**_
The financial position of the charity at 31 August 2024 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/(expenditure)**|**2024**
**£**
5,512
603
6,115|**2023**
**£**
(8,665)
9,268
603|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 August 2024**_
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 £6115 is considered adequate. This amount represents the net current assets within the unresticted fund as at 31 August 2024
6
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
## _**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 :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and
- applicable law)
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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;
7
## **Tara Yoga Centre**
Company Registration Number - 04272091
## **Trustees' Report for the period ended 31 August 2024**
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 10 to 20
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 29 May 2025
O Yariv Director and Trustee
8
## **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.
1. 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
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lee Hillier Accountant 25 New Road Accountant Cambs. PE16 6BJ This report was signed on 29 May 2025
9
## **Tara Yoga Centre - Statement of Financial Activities for the period ended 31 August 2024**
|**Income & Endowments from:**
Donations & Legacies
Charitable activities
Investments
A4
**Total income**
**Expenditure on:**
Raising funds
B1
Charitable activities
**Total expenditure**
**Net income/(expenditure) 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**
**2024**
**£**
17,838
311,852
17
**329,707**
9,979
314,216
**324,195**
**5,512**
**5,512**
**5,512**
603
**6,115**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
-
**-**
-
-
**-**
**-**
**-**
**-**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**17,838**
**311,852**
**17**
**329,707**
**9,979**
**314,216**
**324,195**
**5,512**
**5,512**
**5,512**
**603**
**6,115**|**Prior Year**
**Total Funds**
**2023**
**£**
28,145
306,240
2
**334,387**
14,424
371,293
**385,717**
**(51,330)**
**(51,330)**
**(51,330)**
61,853
**10,523**|
|---|---|---|---|---|
10
## **Tara Yoga Centre - Statement of Financial Activities for the period ended 31 August 2024**
## **Movements in revenue and capital funds for the period ended 31 August 2024**
## **Revenue accumulated funds**
|Accumulated funds brought forward
Movement in year
**Closing revenue funds**
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2024**
**£**
603
**603**
5,512
**6,115**|**Restricted**
**Funds**
**2024**
**£**
-
**-**
-
**-**|**Total**
**Funds**
**2024**
**£**
603
**603**
5,512
**6,115**|**Last year**
**Total Funds**
**2023**
**£**
**9,268**
**9,268**
(8,665)
**603**|
|---|---|---|---|---|
## **Tara Yoga Centre**
## **Income and Expenditure Account for the year period 31 August 2023 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**
All activities derive from continuing operations
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2024**
**£**
329,690
17
**329,707**
**329,707**
**9,979**
**565**
**313,651**
**324,195**
5,512
-
**5,512**
**5,512**|**2023**
**£**
334,385
2
**334,387**
**334,387**
**14,424**
**565**
**328,063**
**343,052**
(8,665)
-
**(8,665)**
**(8,665)**|
|---|---|---|
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.
11
## **Tara Yoga Centre - Balance Sheet as at 31 August 2024**
|Note
**Current assets**
Cash at bank and in hand
Debtors
**Total current assets**
**Creditors: amounts falling due within**
**one year**
6
**Net current assets**
**Creditors: amounts falling due**
**after more than one year**
**The total net assets of the charity**
**Unrestricted Funds**
Unrestricted Revenue Funds
8
**Total charity funds**
**The total net assets of the charity are funded by the**|**2024**
**2023**
**£**
**£**
10,938
6,128
8,333
8,333
19,271
14,461
(8,156)
(8,858)
11,115
5,603
(5,000)
(5,000)
6,115
603
6,115
603
6,115
603
**funds of the charity, as follows:-**|
|---|---|
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.
## **O Yariv**
Trustee Approved by the board of trustees on 29 May 2025.
**The notes attached on pages 12 to 19 form an integral part of these account**
12
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
## **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.
13
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
## **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
14
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
## **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.
15
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
## _**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).
16
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
## **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.
17
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024 4 Staff costs and emoluments**
|**_Salary costs_**|**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Gross Salaries excluding trustees and key management personnel|85,136
86,203||
|**Total salaries, wages and related costs**|**85,136**
**86,203**||
|**_Numbers of full time employees or full time equivalents_**
The average number of total staff employed in the year was|**2024**|**2023**
**8**
8|
|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**
**3**
**5**
**5**
**8**
**8**
**_the year was:-_**
**8**
8|
|**_The estimated full time equivalent number of all staff employed as above_**||8
8|
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**
|**Creditors: amounts falling due within one year**
Accruals
PAYE, NIC VAT and other taxes
Other creditors
**Creditors: amounts falling due after one year**
Other creditors
**Income and Expenditure account summary**
**At 1 August 2023**
Profit/(loss) for the periods
**At 31 August 2024**|**2024**
**£**
**600**
**24**
**7,532**
**8,156**
**2024**
**£**
**5,000**
**2024**
**£**
603
5,512
**6,115**|**2023**
**£**
**600**
**673**
**7,585**
**8,858**
**2023**
**£**
**5,000**
**2023**
**£**
9,268
(8,665)
**603**|
|---|---|---|
## **7 Creditors: amounts falling due after one year**
**8 Income and Expenditure account summary**
18
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024**
**9 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 August 2024**
Current Assets
Current Liabilities
long term Creditors
**At 1 August 2023**
Current Assets
Current Liabilities
long term creditor|**Unrestricted**
**funds**
**£**
19,271
(8,156)
(5,000)
**6,115**
**Unrestricted**
**funds**
**£**
14,461
(8,858)
(5,000)
**603**|**Designated**
**funds**
**£**
-
**-**
**Designated**
**funds**
**£**
-
-
**-**|**Restricted**
**funds**
**£**
-
-
**-**
**Restricted**
**funds**
**£**
-
-
**-**|**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**19,271**
**19,271**
**(8,156)**
**(8,156)**
**(5,000)**
**(5,000)**
**6,115**
**6,115**
**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**14,461**
**14,461**
**(8,858)**
**(8,858)**
**(5,000)**
**(5,000)**
**603**
**603**|
|---|---|---|---|---|
## **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**|**£**
603
**603**
**603**
**Funds brought**
**forward from**
**2023**|**£**
5,512
**5,512**
**5,512**
**Movement in**
**funds in 2024**|**£**
**-**
**-**
**-**
**Transfers**
**between**
**funds in 2024**|**£**
**£**
**6,115**
**603**
**6,115**
**603**
**6,115**
**603**
**Funds**
**carried**
**forward to**
**2023**
**Funds carried**
**forward to**
**2024**|
|---|---|---|---|---|
19
## **Tara Yoga Centre**
## **Notes to the Accounts for the period ended 31 August 2024 11 Analysis of movements in funds over the year as shown in Note 10**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**|**Income**
**2024**
**£**
**329,707**
**329,707**|**Expenditure**
**2024**
**£**
**(324,195)**
**(324,195)**|**Other**
**Gains &**
**Losses**
**2024**
**£**
**-**
**-**|**Movement**
**Movement**
**in funds**
**in funds**
**2024**
**2023**
**£**
**£**
**5,512**
**(8,665)**
**5,512**
**(8,665)**|
|---|---|---|---|---|
## **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.
20