2021-05-31-accounts - Isha Foundation

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Reference and administrative	details	1
Trustees' Annual Report		2
independent auditor's report		6
Statement ofFinancial Activities		10
Statement ofFinancial Activities - Prior Year statement		11
Balance sheet		12
Cash fleer statement		13
Notes tothe accounts		15

		Reference and administrative details	Reference and administrative details	Reference and administrative details
Charity name			ISHA FOUNDATION
Company	registration	number	07250502
Charity registragon		number	1152417
Principal	oflice		PO BoxSL13DR
			111Whiyby	Road
			BigYellow	Storage	Company	Ltd
			Slough
			England
			SL13DR
Reghtered	office		PO BoxSL13DR
			111Whitby	Road
			Big Yellow	Storage Company		Ltd
			Slough
			England
			SL13DR
Trustees			Rahul Prskash		Appointed		12hllarch 2021
			Vlnod Rso		Appointed		12March 2021
			Moumita Sen Sarma
			Nathalie Theme
			BlieZabbal
			Arun Petal		Regisgned		22 April 2021
			Lawrence CBloom		Regisgned		24 March 2021
			Bardays Bank
			1 Churchill	Place
			London
			E145HP
Auditors			Lail Ondhia	Ltd
			Chartered Cergfied Accountant
			Charter House
			8-10Stagon	Road
			Manor Park,	London
			E125BT

fully detailed	in the accounts, can be summarised	ss follows:-
		202'i	2020
		5
		1,672,810	506,297
Revaluation	gain during the year
Nst income		1,870,810	506,207
Unrestricted Revenue Funds svsiishls forthe general purposes cithe charily		3,434,144	1,783,844
TotalFunds		3,421,462	1,783,844

	Cununt year	Cutmnt yeiu	Current year	Prior Year
	Unrestricted	Restrided	Total Funds	Torsi Funda
	Funds	Funda
	2021	2021	2021	2024
	E	E		E
Income
Donations	167,634	10,M2	1T&,$16	27,000
Charitable ac&vities	3,322,905		3,322,006	2,283,699
lnvestm ants	2.166		2,155	1,932
Total income	3,492,706	10,682	3,003A&5	2,312,!l31
Chsdtsble ac&vities	1,782,456	12,6&2	1,705,138	1,778,734
Governance cost	37,440		3T,440	27,600
Total expenditure	1,819,898	t2,882	1,832,578	1,806,334
Nst Income forthe year	1,872,810	(2,000)	1,570,810	506,29T
Net income athw transfers	1,572,810	{2,000)	1,670.&10	500,20T
Net movement In funds	1,572,810	(2,000)	'l,&70,810	50S,207
Total funds brought forward	1,781,844	2,000	1,783,844	1.277,547
Prior pwtod adjustments	(20,510)		(20,510)
Total funds cameo forward	3,434,144		N.144

Statement	ofFinancial Actfvfffe	e for fheyear ended	31iffay 2g2	5
		Pdur Year	Prior Year	Prlur Year
		unraatflutac	naatrictaa	Tutal sunda
		Funds	Funds
		2020	2520	2020
		E	E	E
Income from:
Dunaauns			2,000	27,000
Charitable acthities		2,283,699		2,283,899
Inveahns ran		1,932		1,932
Total income		2,310,631	2.000	2,312,631
Expendnure Governance	on:
Charitable activities		1,778,734		1,778,734
	casts	27,600		27,600
Total expenditure		1,806,334		1,806,334
Nst income	forthe year	504,257	2,000	506,207
Nst income	after transfers		s,aoo	508,297
Nst movement in funds		504,297	2,000	sosn297
Rscondliatlon offunds:-
Tutst fultds	brought forward	1,277,547		1,277,647
Total funds	named forward	1,781,844	2,000	1,783,844

						2021		2020
						8		6
Fixed assets
Tangible assets						28,510		38,147
Cunsnt assets
Debtors			6		23,714		84,004
Stock					208,026		274,105
Cash at bank and in hand					3.316,163	1,670,605
Total current assets					3,547,903	2,028,714
Creditors: amounts one year		falling due within	1		~1, 2		,21
Net current assets						3,416,071		1,764.773
						3,444,581		1,802,920
Total assets less cunsnt iiabiiiges
Creditonc amounts	falling due sitar more
than one year						(10,437)		(19,076)
The total net assets		ofthe charity				3,434,144		1,783,844
The total net assets		ofthe charity are funded by the			funds ofthe charity, ssfollows:-
Restricted funds
Restricted Revenue	Funds		10					2,000
Unrestricted Funds
Unrestricted Revenue Funds			10			3,434,144		1,781,844
Designated Funds
Totalcharityfunds						3,434,144		1,783,844
1g 7 Approved by the board oftrustees on ...!.....................+
Prakash
siss
The notes atlached		on pages 15to 23	form an	integral part ofthese accounts.

Cash Flow Statement fo	r the year end	ed	31May 2021
				2021	2020
				6	6
Cash flows from operating	activities
Net cash provided by opera8n0 activNes as shown			below	1,645,555	537,510
Cash flows fmm investing	activities
Proceeds from sale ofproperly,	plant and equipment				(29,418)
Net cash used in investing	activities				~294 8
Cash flows from financing	activities
Capital repayments					19,076
Net cash provided by financing activities					19,076
Overall cash provided by all activities				1,645,558	527,186
Cash movements
Chan0e in cash and cash equivalents from activNes			in the
year ended 31May 2021				1,645,558	527,168
Cash and cash equivalents at	1 June 2020			1,670,605	1,143,437
Cash at bank and in hand	less overdrafts	at	31May	3,316,163	1,670,605

Net income as shrnm	in the Statement	ofFinandal	1,670,810	506,297
Adfusunents for:-
Depreciation charges			7,629	37,273
Loss on the sale ofFixed snd Intangible Assets			2,008
Other gains and losses-Prior year adjustments			(20,510)
Decreaser(increase)	in stocks		66,079	(98,140)
Decreasel(increase)	in debtors		60,290	(37,546)
(Decrease)lincrease	in creditors, excluding loans		(140,748)	129,628
Increase in provisions
Net cash provided	by operatatg	activities	1,645,558	537,810
Analysis ofcash and cash equivalents
			2021f	2020 5
Cash in hand at forthe year ended 31May 2021			3,316,163	1,670,605
Total cash and cash equivalents			3,316,163	1,670,605

Het sur	plus before	tax in the financial year
			2021	2020
			5	5
The nal	surplus before	tax in Ne Snarural year h smted alto charging:-
Depmdabon ofowned		acsd assets	3,432	32,027
Depreciation ofassets		indi under tlnance leases and hhe purchase conuacts	4,107	8,240
Audibxs'	remunerscon	for non audit work		1,200
Alnnms'	rwrlunmsSon		0,000	2,100

ISHA FOUNDATION	ISHA FOUNDATION
Notes to Ihe Acconnln forthe year ended St May 2021
3Interest payable			2021	2020
			6	2
Hire Purchase interest			888	518
				eta
4Staffcosts and emoluments
			2021	2020
				2
Salaries			464,033	482,170
Social securer costs			51,915
Pension costs			7JM5
Total salaries, wages and related costs			623,eee	462.176
Average number ofemployees
The number ofemployees whose employee beneas (exctrding	empkryer	pension costs)	exceeded K80000	was:
			2021	2020
260,001 - K70,000
K70,001 -K80,000
			Nil
5 Tangible fixed assetn
		Pbrnt 0	Motor
		Idsehtnery	Vehicles
		K	K	K
Cost
At1 June2020		31,119	26229	57.348
Dlsposals		(3,922)		(3,022)
At31May 2021		27197	26429	63,428
Depreciation
At 1June 2020		13,955	5246	19201
Charge forthe year		3,432	4,197	'7,629
On diepcsals		(1,914)	-	(1.014)
At 31May 2821		tert73	9,44324.9'ls
Net book value
A131 May2021		11724	16.788	2Lgto
At 31 May 2020		17,184	20,9&3	$8,147

6	Debtom
							2021	2020
							8	E
	Prepaymeras and accrued Income						23,714	$4,004
							23,714	84JI04
7	Creditom: amounts	falling	due within ons year
							2021	2020
							E	8
	Acta h						9,000	3,406
	Trade credgore						7,816	44,295
	Other credgors
	Oeferred Income - Unreahhted		&dedgnahd	funds			45,630	214,501
	Finance hase and HP	ccntracls					4,320
	PATE, NIC VAT and ogmr taxes						63,331	1,679
							131432	203,$41
3	Creditors: amounts	falling	due after one year				2021	2028
								8
	Firmncs hase and Hp	ccnuacta					10,437	19,076
							10A37	194/8
0	Itetmmets by fund
	At31tyay 2021				uarasmataa		naarrhtad	Total
					funds		hnds	Funds
					8		E	E
	TangENe Fired Asaeta				28,510			2$,618
	Current Assets				3,547,903			3,547,903
	Credltom falling due mlhin one		year		(131,832}			(131,332)
	Creditors falling due ster mace		than one year		(10,437}			(10,437)
					3,434.144
	AI1 June2020				umeafiieM	Daalglwlad	Raatrralad	Tahl
						funds	funda	Funda
					E		E
	Tmrglhle Fixed Assets				38,147			3$,147
	Current Aussie				2,028,714			2,028,714
	Creditors laglng due w$hln one		year		(263,941)			(283,841)
	Crsdaors Ihging due a0ar more		than one year		(I9,076)			(13.07e)
								1,T33,844

Change in total funds over	Change in total funds over	the	year as shown	in Mote 9,analysed	in Mote 9,analysed	by individual	funds
				FecesIusseht	lcvmmulhl			Funds
				rcnssnl arne	fimds ln 2021			csIAHI
				2020		JuguIsarncts		fmwsrd to
							ls 3021	2022
					ees Nate 11
				8		8
Unmstdclsd snd desidnakd		funds.
UIucsskkd Revenue Funds				1,781,544		1,872,810	l20,510)	ad34,144
Total unrsstrlsted	and designated		funds					I	S
Restricted fundsn
Reshkted Revenue	Funds			2,000		(2,000)
Total mstrictsd funds
Total charity funds				1.702 844		1870810	t20.510)	3rk4,144
Change in total funds over the			year as shown	in Note 0,anaiyaed		by individual	funds - pdor year
				Funds nlccsat k~masm	Iuevslssutel k~0 rate		Tmnsrem	Funds csnlsd
				all 0		acumen rumk ls202S		rcrwsnl 2021	k
					SssNels 11
						5
Umssirkted and designated		Rmds: ~
Unrestncted Revenue Funds				1,277,547		504,207
Unresufdsd Revsluaacn Reserve
Total unrestricted	and designated		funds	1477,547		aeh207
Restricted funds.
Resaicfed Revenue	Funds					2,MO		2,000
Total rssnktsd funds
Total shanty funds				1477,547		508~7		~1,703

Analysis o	fmovements in funds over the	year as shown in No	te 10
				Other
		Income	Expenditure	Gains S	movement
				Lessee	in tunds
		2021	2021	2021	m21
		6	E	E	E
Vnrvsafcmd	aad desieneled fuuden
Unrunrided	Rermnue Funds	3,402,706	(I,SISAL)		'),672,$10
Rericted turrdea
esfrkhm Revenue Funds		10,062	(12,062)		(2,000)
		3~,3$8	(1/32,678)		1,870,810

Analysis o	fmovemenin in funds over the	year as shown in No	te 10- prior y	ear
				Other
		Income	Expenditum	Gains 6	Inovemsnt
				Losses	ln funds
		2620	202$	2020	2020
		6	8	E	E
Vurecln'cted	and deeleneled runds:-
Unresbicied	Revenue Funds	2,310,631	1,806,334
Rmtrkted funds.
Restricted Revenue Funds		2,000			2,000
		2,312,831	1,686,334

No	tes tothe Accounts for the year e	tes tothe Accounts for the year e	tes tothe Accounts for the year e	tes tothe Accounts for the year e	tes tothe Accounts for the year e	tes tothe Accounts for the year e	nded	31 Sgay	2021
12	Income from Donations
							Current year		Ca!rare year	Cunent year	Frier Year
							Un	strntsd	Restricted	TOtal Funda	Total Funds
								Funds	Funds
								2C21	2821
								E	5
	Donatlonas	and		gifts
	Donaeuns and		gms fram			individuals		S,T40		6,740	27,000
	Goya!cement		Smuts (CJRS}					180,804		16O,8&4
	Council grerrtu								10,582	10,8&2
	Total Income		from donations					187,634	10,6S2	17S,31S	27,000
13	Income from charitable acgvfties
							Current year		Cunent year	Curmnt year	Fdur Year
							unnustnuted		Reelected	Tutsl Funds	Total Funds
								Funds	Funds
								2C2'i	2821	2021
								5	5	E
	Pnmary purpose			and	ancgiary trading
	Pmmoting	yoga						2,818,450		2,818!4&0	1,873,241
	Books and	merchandim				sales		504,445		504,445	410,458
	Total from	charitable			activities			3,322,905		3,322,906	2,2S3,695
14	Investment		income
							Curn!st yes!		Cunentyusr	Cum!frtymr	Frier Year
							Vn	estridsd	Rue!fluted	Toed Funds	Total Funds
								Funds	Funds
								2521	2821	Ze21
								E	5	E
	Bank interest		receivabhs								1,932
	Total investment			income				2,166		2,188	1,032

			Csinwt year	CORMt year	Currant year	Pdor Year
				Reatrloled	Toed Funds	Total Funds
			Funds	Funda
			sext
			E
	Gross wages acfilvities	and salaries - charitable			523,063	402,178
	Travel and Subsistence - Charitable ActMties				3.588	98,?59
	Promoting Yoga		484,689	12,682	497271	09,322
	Consultacy fees		122,791		122,'791	123,802
	Total direct	spenrfing	1,134,129	12,682	1,146,811	751,859
16	Expenditure	on chariitable activities	- Charitable trading

				Colronl year	Current year	Current year	Pdor Veer
				unreautoted	Reetrroted	TotalFunde	Terai Funds
				Funds	Funds
				Em1	2021
				E	E
	Books, DVD snd materieh			426,901		428Irst	431,398
	Total charitable		trading costs	420,901		426,901	431@98
17	Support costs for		charitable activities
				Cwrent year	Cununt year	Cunent year	Prior Year
				unrsatiated	Restricted	Terai Funda	Tatal Funds
				Funda	Funda
						2S21
				E		E	E
	Venue hire and office services			66,411		SSAt1	382,783
	Dtfice and program		supplies	88,201		88.201	153,929
	Equipment, repairs,		expenses and	3,317		3,317	0,947
	Insurance			9,279		9+79	9,200
	Bank charges			45,701		45,701	2,827
	Hire Purchase	interest		885		858	518
	Depreciation	&Amortisaticn in total		7,629		7,029	374?3
	Total support costs			221,428		221326	5lde477

18	Other Expendit	ur	e - Governance	costs
				Cunml year	Cumet yssr	Currsntyaar	PoorYear
				u Nsstrtstsd	asutatad	Total Funds	Trnal Funda
				Funds	Funds
				amlt	2sa1 6	2021 6
	Auditor's fees			9,000		9,000	2,100
	Accountancy fees						25,500
	Legal and professional fees			28,440		28,440
	Total governance		costs	3T,440		3T,440	2T,600
19	Total Charitable		expenditure
				Current year	Crt f rsrlt Tsar	Cunsnt yasr	prior Tsar
				unrsstrlctad	Raatdatad	Total Funds	Total Funds
				Funds	Funds
				2021	202'I	2021	2020
				6	6	6
	Total direct spending			1,134,129	12,682	1,148,811	751,659
	Total charitable	trading costs		426,901		426,801	431,398
	Total support costs			221,426		221/26	595,477
	Total governance		costs	37,440		37+%	27,600
	Total charitabls	sxpandituru		1.81	.	1.88