OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Isha Foundation

2025-05-31-accounts

The Company Registration Number is:- 07259502 The Charity Registration Number is:- 1152417

ISHA FOUNDATION

(A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS

31 May 2025

ISHA FOUNDATION

Report and accounts for the year ended 31 May 2025

Contents

Page
Reference and administrative details 1
Directors' and Trustees' Group Annual Report 2
Independent auditor's report 7
Consolidated Statement of Financial Activities 9
Consolidated Balance sheet 10
Charity Statement of Financial Activities 11
Charity Balance sheet 12
Consolidated Cash flow statement 13
Charity Cash flow statement 14
Notes to the consolidated accounts 15-26

ISHA FOUNDATION

Reference and administrative details

Company registration number
Charity registration number
Registered Office
Website
Trustees
Banker
Senior Statutory Auditor
Auditor		 07259502
1152417
918 Yeovil Road
Slough
Berkshire
SL1 4NH
www.isha.sadhguru.org
Rahul Prakash
Vinod Rao
Moumita Sen Sarma
Nathalie Thome
Elie Zabbal Dr
Kaoruko Yamazaki - appointed on 10 November 2025
Barclays Bank
1 Churchill Place
London
E14 5HP
Jeffrey Bor
SCB (Accountants) Limited
31 Sackville street
Manchester
M1 3LZ

Page 1

ISHA FOUNDATION

Directors' and Trustees' Group Annual Report for the year ended 31 May 2025

The Trustees, who are also the directors of the company, present their report and the financial statements for the year ended 31 May 2025.

Reference and Administrative Information

Isha Foundation was formed in 2010 and is a company limited by guarantee (registration number 7259502). It is also a registered charity (charity number 1152417) and commenced its operations on 1 September 2014.

Directors and Trustees

The trustees who served during the year are as stated below:

Mr Rahul Prakash Mr Vinod Rao Mr Elie Khoury Zabbal Mrs Nathalie Thome Ms Moumita Sen Sarma And Dr Kaoruko Yamazaki was appointed on 10 November 2025 to the Board.

Trustees are briefed on their duties, responsibilities and obligations by reference to the guidelines published by the Charity Commission. Trustees are governed by the Charity’s Articles of Association, and are appointed by the member based on their demonstrated knowledge of Isha, its goals, and its activities.

Objectives and Activities

While the Charity traditionally focussed on raising human consciousness, and enhancing human well-being through the practice of yoga and meditation, as reported previously, its objects were expanded through fresh Articles to include any purpose that is considered charitable under the laws of England and Wales.

Achievements and Performance

In addition to its traditional charitable objects, during 2024/2025, the Charity continued to promote ecological projects, education, health, and the sale of primarily yoga and wellness merchandise within Europe. The Charity’s media and engagement teams did a stellar job which signalled a surge in channel and media coverage for our activities.

All of these activities, in summary are detailed below.

Wellness, Yoga, Meditation

We had a very busy year which was reflected in the active participation of our meditators with Isha as well as the thousands of new entrants to Isha Yoga and Meditation programmes.

We conducted in person monthly ‘Satsangs’ or gatherings, for meditators across many different cities throughout Europe – in Athens, Barcelona, Berlin, Brussels, Bucharest, Budapest, Cluj, Copenhagen, Dublin, Düsseldorf, Frankfurt, Gothenburg, Hamburg, Helsinki, Köln,Köln/Düsseldorf, Ljubljana, Madrid, Milan, Munich, Oslo, Paris, Porto, Prague, Rome, Sofia, Stockholm, Stuttgart, The Hague, Toulouse, Utrecht, Vienna, Vilnius, Warsaw, Zagreb (and cities outside the EEA being Belgrade, Birmingham, Bristol, Edinburgh, Geneva, Glasgow, Haifa, Harrow, London, Manchester, Milton Keynes, Reading, Skopje, Tel Aviv, and Zürich) – over 7200 meditators attended our in-person Satsangs during the year, where they brushed up their practices in guided sessions by Sadhguru, our Founder, and trained Isha volunteers.

The Satsang was available online as well in English, German, French and Italian languages which an additional 10500 meditators attended.

We also offered the opportunity for new meditators to experience yoga and meditation through free webinars and over 32,000 participants signed up for these webinars, over 3,000 attended. We also offered in-person free sessions which over 7100 people attended.

Trained Hatha Yoga teachers conducted 117 in person programmes for: Surya Kriya, Yogasanas, Angamardana and Bhuta Shuddhi – all of which comprise our Hatha Yoga offering. Almost 2000 participants completed these programmes.

Page 2

ISHA FOUNDATION

Directors' and Trustees' Group Annual Report for the year ended 31 May 2025

Inner Engineering – a programme that is based on ancient yogic sciences that help individuals to take charge of their body, mind, emotions and energies, and live a joyful, fulfilling life, was conducted both online and in-person.

These are record numbers for Inner Engineering participation and it is clear that the new online version with more frequent initiation sessions has facilitated greater uptake of this programme.

This year we also organised 9 advanced programs in Germany, Netherlands and in the UK which were attended by 747 people.

There were several other in-person live-streamed events, such as Mahashivratri which were organized in 33 locations, with 1800 participants registered and 1000+ attended.

Across 9 countries we offered 90 sessions to those influencers with a significant following and these were fully subscribed to.

Last year, in March 2025, Sadhguru, our Founder, launched Miracle of Mind – an app free to download, which enabled novices a segue to meditation through a simple 7-minute process. This app is in the nature of a free, potential self-help solution for those who feel they could do with a few minutes of everyday quiet for their inner well-being. More than 200,000 people across Europe downloaded the app and signed in for more than 40 million minutes of meditation, which on average represents 29 sessions per person signing up.

For World Mental Health Day, a collaboration with the UK Ministry of Defence offered yoga and meditation for 50 participants, including veterans and NHS staff.

Finally, on the International Day of Yoga, during June 2024, the Charity conducted 23 International Day of Yoga sessions across 15 cities in 11 countries, including UNESCO (Paris), UN HQ (Geneva), and NHS sessions in the UK.

In summary, well over 300,000 people engaged with Isha across Europe for our yoga, meditation, and wellness sessions, and over 37,000 attended our online and in-person sessions.

Save Soil

The Save Soil movement had a busy year during 2024/2025:

At UNFCCC COP29 and UNCCD COP16, Save Soil signed MoUs with the Uzbekistan Ministry of Environment, and the

Page 3

ISHA FOUNDATION

Directors' and Trustees' Group Annual Report for the year ended 31 May 2025

Isha Life

In 2024/25 The UK and EU economies experienced a period of modest growth (1.4%) amid global uncertainty and increasing costs. The retail sectors in the UK and EU experienced a "cautious recovery" characterised by modest growth in sales volumes after years of decline, though overall performance remained below pre-pandemic levels. Retailers continued to battle high operating costs and shifting consumer habits.

For the period under review, Isha Life continued to operate two online stores – one in the UK, and the second through its Agent – Indian Import Services, in the Netherlands.

It also proved to be a difficult year for Isha Life but in addition to the overall climate, we increasingly grappled with meeting complex import regulations for the UK and the EU. As reported previously and based on our strategic plan we wished to expand our portfolio. To this end, we worked closely with our Suppliers in India as well as regulators to meet these import requirements. However, despite continued engagement with India suppliers, we were unable to source several products from India. This limited our portfolio as well as our portfolio expansion plans. Isha Life Directors decided to try and source some products locally within Europe. Since our quality standards are high, this is taking time.

Specifically, we seek to expand our product portfolio with new foods/supplements and a completely new range of natural and organic personal care and cosmetics.

During the year under review, Isha Life repaid a loan of £60,000 to the Charity, and it donated £118,905 to the Charity.

Donation

The Trustees initiated and streamlined donor activities for the year under review and this has yielded positive results in a year when several people were faced with a cost of living crisis. During the year under review, total donations and gifts from individuals amounted to £1,241,453, a circa 13% increase over the previous year, driven primarily by the increase in donations of restricted funds which @ £314,830 represents an over 100% increase over the previous year (£147,908). Unrestricted funds, on the other hand, were largely flat over the previous year @ £926, 623 (previous year £951,000).

Restricted funds were received for several causes: Isha Vidya (education), Cauvery Calling (ecology), Action for Rural rejuvenation Mobile Health Clinic (health), Sacred Walks (spiritual well-being), Annadanam (an offering of food), and the construction of a Yoga Centre in Bangalore, India.

Unrestricted donations, though marginally lower than the previous year, remained robust at £926,623.

During the year under review, grants totalling £49,316 were paid from restricted funds in support of the Isha Vidya Project. Following a negative article in The Times concerning some of our donor recipients, we paused donations. The matter has since largely been addressed, and the Charity continues to govern the transfer of funds to recipient organisations through formal Memoranda of Understanding, ensuring appropriate oversight and accountability.

Awareness Activities

For the year under review, the Charity expanded its communications, media, and outreach work to raise awareness about wellbeing, yoga, and environmental sustainability. The focus this year was to reach more people, strengthen partnerships, and support its initiatives — Save Soil, Conscious Planet, and Miracle of Mind.

From September 2024, the Charity co-hosted 88 invitation-only meditation events with those considered Influencers, across 10 European cities (London, Milan, Rome, Bucharest, Sofia, Paris, Madrid, Berlin, Amsterdam and Antwerp), engaging 1,852 attendees. Eleven of these events launched the Miracle of Mind app between March and May 2025.

Research partnerships for the Miracle of Mind meditation were established with Harvard/BIDMC, University of Swansea, and Greater Manchester Mental Health NHS Trust. A special session was also held at the Embassy of India in Portugal with Lok Sabha Speaker Om Birla.

Under Project Samskriti, Isha led a workshop and performance at the Mindvalley Summit (Dubai) for 3,000 participants, and initiated discussions with Royal Albert Hall and Sadler’s Wells for future performances.

All of the above activities were recognised by the public at large and the media and Isha Foundation was featured in 1,060 media reports across Europe, with a combined reach of over one billion people. More specifically:

Save Soil appeared in 723 reports, including coverage by Reuters, BBC, Euronews, Associated Press, Vogue, Politico, Focus, o MSN, Daily Mail, Independent, Público, La Repubblica, Adevărul, France 24, The Guardian, and others;

Yoga and Wellbeing appeared in 333 reports, including features in El Mundo, Newsweek International, Forbes, Psychology o Today, and more.

In a nutshell, through its awareness efforts, Isha Foundation has helped strengthen public awareness within Europe of yoga, inner wellbeing. It has also sharp focussed awareness of the looming ecological disaster, especially as it relates to soil.

Page 4

ISHA FOUNDATION

Directors' and Trustees' Group Annual Report for the year ended 31 May 2025

Financial Review

The Consolidated Statement of Financial Activities shows a net surplus of £1,421,957 (2024 – net surplus of £2,483,481) for the year and reserves stand at £10,420,095 (2024 £8,998,138 ). The decrease in surplus is largely due to reduction in income from charitable activities, as no major events were held during the year unlike previous year (Sadhguru Meet & Greet event). The financial position at year end as per the Consolidated Balance Sheet shows net current assets or working capital of £10,409,391 (2024 – £8,984,746). The net book value of fixed assets held, all of which are used directly for charitable purposes, amounts to £10,704 (2024 – £13,392).

Reserves Policy

Reserves are needed to cover temporary shortfalls in incoming resources arising from fluctuations in income flows, to provide adequate working capital for core costs and to allow the Charity to cope with and respond to unforeseen emergencies.

Reserves are also needed for further investment and various expansion activities.

In light of the current social and economic environment, and the Charity’s plans for expansion in the future, the trustees have determined that free reserves should be the equivalent of at least £5 million to 5.5 million for ongoing activities, with additional funds (preferably of similar amount) available for expansion. Charity hold reserves above target level this year and we will be issuing further grants for the charitable projects in India next financial year from these reserve funds.

The Charity expects to continue growing at an accelerated pace over a three-year horizon and given the current volatility & uncertainty in the environment combined with the diverse nature of the activities of the Charity run by a Volunteer led organisation, the trustees would prefer to be conservative in ensuring adequate reserves are in place to cater to the expansion plans- which reflects in the financial statements.

The Trustees plan to undertake, during the current year, a review of the reserves required keeping in mind the factors discussed above, and come up with an updated reserves policy.

Going Concern

In preparing these financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to the going concern and using the going concern basis of accounting. The Trustees believe that there are no going concern matters that would affect the Charity for the foreseeable future.

Structure, Governance and Management

The Organisation is governed by its Memorandum and Articles of Association.

All the activities of the Isha Foundation are run by dedicated volunteers and a few fulltime employees. These include programme promotion, registrations, programme planning, coordination, communication and supporting yoga practices of the participants etc.

Mr Rahul Prakash and Mr Vinod Rao continue to act as active Trustees and Directors since March-2021.

Mr Senthil Kaniappan is the representative for Isha Foundation Inc USA, the sole member of the Charity, and with his extensive experience of almost three decades in ISHA , supports the Trustees as required, this group together working on the strategy and plans for the Charity.

The Charity’s day to day activities are planned and managed by the trained co-ordinators and volunteers, There is regular interaction between the Trustees, co-ordinators, employees, part timers and volunteers.

Risk Assessment and Monitoring

The Charity has an active Risk Register and Risk Management Policy. It plans a thorough review of this Policy in calendar 2026.

During the year under review two risks were identified and dealt with.

The first risk was identified by the Directors of Isha Life and it related to its poor market performance. The Directors carried out an analysis, and concluded that the store's product offering was inadequate particularly as related to personal care and cosmetic items which meditators accessing other Isha Life stores in other parts of the globe had access to. Due to import restrictions in Europe these products had not been ordered. We liaised with the Indian supplier who was unable to provide solutions, so we appointed Eco Mundo, a firm specialised in European and UK import regulation to work with our Indian Suppliers. Despite this step, our Indian Suppliers were unable to comply. Hence the Directors decided to develop these product items through UK/ EU based Suppliers. This process takes time and we are confident during calendar 2026 the matter will be sorted.

The second risk was a reputational risk when The Times newspaper approached us in April 2025, making allegations against Isha Foundation India, which is legally a completely separate entity. However in the public perception the Trustees felt this was a serious reputational risk and decided to approach Isha Foundation India for answers to the queries raised by The Times. Alongside as a measure of abundant caution, the Trustees decided to send a Serious Incident Report to the Charities Commission that such an article could appear and also appraise them of the steps we had taken. On 30 May 2025 the article did appear, and we once again appraised the Commission. Alongside, we sought answers from the Indian entity and over the course of the next months the Trustees have provided requisite updates to the Commission resolving and addressing the majority of allegations raised in the article.

Page 5

ISHA FOUNDATION

Directors' and Trustees' Group Annual Report for the year ended 31 May 2025

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of Isha Foundation for the purposes of Company law) are responsible for preparing the Trustees’ Group Annual Report and the consolidated financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)".

Company law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the affairs of the charity and the incoming resources and application of the resources, including the net income or expenditure, of the charity for the year. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

Statement of disclosure to auditor

In so far as the trustees are aware:

Related Parties

Isha Foundation UK’s sole Member is Isha Foundation Inc USA. Isha Foundation India, the first Isha charitable organisation, also collaborates with the Isha Foundation UK Charity from time to time.

The Trustees of Isha Foundation UK are independent of all related parties. As the sole Member, Isha Foundation Inc., USA holds one voting right within Isha Foundation UK.

Public Benefit

Isha Foundation continues to support the wellbeing of the general public through yoga and meditation and did so even more intensely during the challenging times of the coronavirus pandemic and after. Free Inner Engineering Online programmes for healthcare workers, heavily discounted online programmes for the general public, free webinar sessions, practice support sessions with trained teachers, increased social media presence, Sadhguru’s free offerings and monthly Satsangs have all touched the lives of many thousands of people and supported them to enhance their physical, mental and inner well-being.

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.

This report was approved by the board of Trustees on 17/02/2026 and signed on its behalf by

Rahul Prakash Trustee

Page 6

ISHA FOUNDATION

Independent auditor’s report to the members and trustees of Isha Foundation

Opinion

We have audited the financial statements of Isha Foundation (the charity) (the parent entity) and its subsidiaries (the group) for the year ended 31 May 2025 which comprise the Consolidated Statement of Financial Activities (Summary Income and Expenditure Account), Statement of Financial Activities (Summary Income and Expenditure Account), the Balance Sheet and the Consolidated Balance Sheet, the Statement of Cash Flows and Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-give a true and fair view of the state of the groups and charitable company’s affairs as at 31 May 2025 and of the group’s and charitable company’s incoming resources and application of resources, including the group’s and charitable company’s income and expenditure, for the period then ended;

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and -have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed; we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

ISHA FOUNDATION

Independent auditor’s report to the members and trustees of Isha Foundation

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Directors’ and Trustees’ Report.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the Directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focussed on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charity Act 2011, SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and appropriateness of other entries in the nominal ledger; reviewing transactions around the end of the reporting period; and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jeffrey Bor FCA (Senior Statutory Auditor)

for and on behalf of SCB (Accountants) Limited

31 Sackville street Manchester M1 3LZ Date: 19/02/2026

Page 8

ISHA Foundation - Consolidated Statement of Financial Activities Including Consolidated Income and Expenditure account for the year ended 31 May 2025

Income
Donations
11
Charitable activities
12
Investment
13
Total income
Expenditures on
Raising fund
15
Charitable activities
Promoting yoga
15
Total expenditure
Net income/(expenditure) for the year
Transfer between funds
Net income after transfers
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward		 Group
Unrestricted
Funds
2025
£
926,623
2,648,144
81,910
3,656,677
74,247
2,425,987
2,500,234
1,156,443
-
1,156,443
1,156,443
8,940,493
10,096,936		 Group
Restricted
Funds
2025
£
314,830
-
-
314,830
-
49,316
49,316
265,514
-
265,514
265,514
57,645
323,159		 Group
Total Funds
2025
£
1,241,453
2,648,144
81,910
3,971,507
74,247
2,475,303
2,549,550
1,421,957
-
1,421,957
1,421,957
8,998,138
10,420,095		 Group
Unrestricted
Funds
2024
£
951,000
5,260,366
43,338
6,254,704
40,408
3,608,444
3,648,852
2,605,852
-
2,605,852
2,605,852
6,334,641
8,940,493		 Group
Restricted
Funds
2024
£
147,908
-
-
147,908
133
270,146
270,279
(122,371)
-
(122,371)
(122,371)
180,016
57,645		 Group
Total Funds
2024
£
1,098,908
5,260,366
43,338
6,402,612
40,541
3,878,590
3,919,131
2,483,481
-
2,483,481
2,483,481
6,514,657
8,998,138

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Continuing Operations

None of the charity’s activities were acquired or discontinued during the two financial years.

Total recognized gains and losses

The charity has no recognised gains or losses other than the above movements in funds during the two financial years.

The notes attached on pages 15 to 26 form an integral part of these accounts.

Page 9

ISHA FOUNDATION - Consolidated Balance Sheet as at 31 May 2025

Group Group
Notes 2025 2024
£ £
Fixed assets
Tangible assets 5 10,704 13,392
Current assets
Debtors 7 132,953 111,481
Stock 377,251 364,956
Cash at bank and in hand 10,145,413 8,691,876
Total current assets
Creditors: amounts falling due within one year 8 10,655,617
(246,227)		 9,168,313
(183,567)
Net Current Assets 10,409,391 8,984,746
The total of net assets of charity 10,420,095 8,998,138
The total of net assets of charity is funded by the fund of charity as follows :-
Restricted funds
Restricted Funds 10 323,159 57,645
Unrestricted Funds
Unrestricted Funds 10 10,096,936 8,940,493
10,420,095 8,998,138
Total charity funds 10,420,095 8,998,138

The Trustees have prepared financial statements in accordance with Section 398 of the Companies Act 2006 and Section 138 of the Charities Act 2011.

Approved by the board of trustees on 17/02/2026

Rahul Prakash Trustee

The notes attached on pages 15 to 26 form an integral part of these accounts.

Page 10

ISHA Foundation - Charity's Statement of Financial Activities Including Income and Expenditure account for the year ended 31 May 2025

Income
Donations
11
Charitable activities
12
Investment
13
Total income
Expenditures on
Raising fund
15
Charitable activities
Promoting yoga
15
Total expenditure
Net income/(expenditure) for the year
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward		 Charity
Unrestricted
Funds
2025
£
1,045,529
1,960,247
107,998
3,113,774
57,466
1,899,865
1,957,331
1,156,443
1,156,443
8,940,493
10,096,936		 Charity
Restricted
Funds
2025
£
314,830
-
-
314,830
-
49,316
49,316
265,514
265,514
57,645
323,159		 Charity
Total Funds
2025
£
1,360,359
1,960,247
107,998
3,428,604
57,466
1,949,181
2,006,647
1,421,957
1,421,957
8,998,138
10,420,095		 Charity
Unrestricted
Funds
2024
£
1,164,710
4,005,801
74,171
5,244,682
40,787
2,598,043
2,638,830
2,605,852
2,605,852
6,334,641
8,940,493		 Charity
Restricted
Funds
2024
£
147,908
-
-
147,908
191
270,088
270,279
(122,371)
(122,371)
180,016
57,645		 Charity
Total Funds
2024
£
1,312,618
4,005,801
74,171
5,392,590
40,978
2,868,131
2,909,109
2,483,481
2,483,481
6,514,657
8,998,138

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Continuing Operations

None of the charity’s activities were acquired or discontinued during the two financial years.

Total recognized gains and losses

The charity has no recognised gains or losses other than the above movements in funds during the two financial years.

The notes attached on pages 15 to 26 form an integral part of these accounts.

Page 11

ISHA FOUNDATION - Charity's Balance Sheet as at 31 May 2025

Charity Charity
Notes 2025 2024
£
Fixed assets
Tangible assets 5 10,704 13,392
Investments 6 1 1
Current assets
Debtors 7 637,925 792,188
Stock - 33,035
Cash at bank and in hand 10,029,967 8,368,445
Total current assets
Creditors: amounts falling due within one year 8 10,667,892
(258,502)		 9,193,668
(208,923)
Net Current Assets 10,409,390 8,984,745
The total of net assets of charity 10,420,095 8,998,138
The total of net assets of charity is funded by the fund of charity as follows :-
Restricted funds
Restricted funds 10 323,159 57,645
Unrestricted funds
Unrestricted funds 10 10,096,936 8,940,493
10,420,095 8,998,138
Total charity funds 10,420,095 8,998,138

The Trustees have prepared financial statements in accordance with Section 398 of the Companies Act 2006 and Section 138 of the Charities Act 2011.

Approved by the board of trustees on 17/02/2026

Rahul Prakash

Trustee

The notes attached on pages 15 to 26 form an integral part of these accounts.

Page 12

ISHA FOUNDATION

Consolidated Cash Flow Statement for the year ended 31 May 2025

Cash flows from operating activities
Net cash provided by operating activities as shown below
Net increase in cash and cash equivalents
Cash and cash equivalents at 1st June
Reconciliation of net income to net cash flow from operating activities
Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation Charges
Loss on disposal of fixed assets
(Increase) in stocks
(Increase)/Decrease in debtors
Increase/(decrease) in creditors excluding loans
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand at the year end 31 May
Total cash and cash equivalents
Cash and cash equivalents at 31 May		 Group
2025
£
1,453,537
1,453,537
8,691,876
10,145,413
Group
2025
£
1,421,957
2,688
-
(12,295)
(21,472)
62,661
1,453,537
2025
£
10,145,413
10,145,413		 Group
2024
£
1,540,598
1,540,598
7,151,277
8,691,876
Group
2024
£
2,483,481
3,409
1,445
(21,799)
79,287
(1,005,224)
1,540,598
2024
£
8,691,876
8,691,876

Page 13

ISHA FOUNDATION

Charity's Cash Flow Statement for the year ended 31 May 2025

Cash flows from operating activities
Net cash provided by operating activities as shown below
Cash flows from investing activities
Loan repayment received during year
Interest Income on loans to subsidiary company
Net cash used in investing activities
Net cash provided by financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1st June
Reconciliation of net income to net cash flow from operating activities
Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation Charges
Loss on disposal of fixed assets
Interest Income on loans to subsidiary company
Decrease/(Increase) in stocks
Decrease/(Increase) in debtors
(Decrease) in creditors excluding loans
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand at the year end 31 May
Total cash and cash equivalents
Cash and cash equivalents at 31 May		 Charity
2025
£
1,575,434
60,000
26,088
86,088
-
1,661,522
8,368,445
10,029,968
Charity
2025
£
1,421,957
2,688
-
(26,088)
33,035
154,263
(10,421)
1,575,434
2025
£
10,029,967
10,029,967		 Charity
2024
£
1,344,121
10,000
30,833
40,833
-
1,384,954
6,983,491
8,368,445
Charity
2024
£
2,483,481
3,409
1,445
(30,833)
(30,102)
(99,387)
(983,892)
1,344,121
2024
£
8,368,445
8,368,445

Page 14

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

1 Accounting policies

Isha Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is at 111, Whitby Road, Big Yellow Storage Co. Ltd., Slough, England, SL1 3DR. IshaLife Ltd was set-up on 14th June 2021, as a fully owned subsidiary of Isha Foundation Charitable Organisation (Charity number: 1152417). It became operational from 1st November 2021.

Basis of preparation and accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity and its subsidiary. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Basis of consolidation

The group financial statements consolidate the financial statements of the Charity and its subsidiary undertakings drawn up to 31 May 2025.

A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the consolidated statement of financial activities from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of the subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to accounts for business combinations that result from the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired, and liabilities and contingent liabilities assumed, in a business combination are measured initially at fair value at the acquisition date. Any excess between the cost of business combination over the net fair value of the identifiable assets, liabilities and contingent liabilities, is recorded as goodwill.

Intergroup transactions and balances between the charity and its subsidiaries are eliminated in full on consolidation.

Going Concern

The trustees are required to prepare financial statements on the going concern basis unless there is uncertainty as to the ability of the entity to meet its liabilities as they fall due within the twelve months after the financial statements are approved for signature. In assessing the going concern status of the charity, the trustees have reviewed cashflow forecast for the12 months from the date of approval of the financial statements, considered the relevant assumptions that underpin the forecast, the pipeline of new income from new events. The consolidated statement of financial activities shows a net surplus of £1,421,957 for the year (2024 – £2,483,481) and free reserves of £10,086,232 (2024 - £8,927,101).

Based on the information above, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future and will remain in surplus in future periods. Therefore, the trustees have adopted the going concern basis in preparing these accounts.

Income

Donations

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with Sufficient reliability.

Donations from subsidiary is recognised in the charity's financial statements when the donation is payable under Deeds of Covenant. The income is accrued in the year in which the profits arise in the subsidiary company with the payment is being made to the parent charity in the following financial year.

Investment income

Investment income is recognised on a receivable basis

Income from charitable activities

Income from charitable activities include Income recognised as earned (as the related goods or services are provided) under contract, and recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

All income is accounted for gross, before deducting any related fees or costs.

Page 15

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

1 Accounting policies

Expenditure

The SOFA has been presented on an activity basis. Costs have been distinguished between charitable activities and those incurred to raise funds. Expenditure and liabilities are recognised when a legal or constructive obligation exists to make payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Charitable expenditures comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an Indirect nature necessary to support them.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity’s programmes and activities. The basis of allocation of support and governance costs is specified in note 16A, 16B and 16C.

Tangible fixed asset and depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The cost of minor additions or those costing less than £3,000 are not capitalised.

All gains on fixed asset revaluations, whether realised or unrealised, are included in of the Statement of Financial Activities.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost less any estimated residual value, over their expected useful economic life as follows: Plant and Machinery 20% on reducing balance method Motor Vehicle 20% on reducing balance method

Stock

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Debtors

Trade debtors are recognised initially at the transaction prices. They are subsequently measured at amortised cost using the effective interest method, less provision for Impairment. A provision for Impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amount due according to the original terms of receivables.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments

Creditors

Trade creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method. Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

The Charity's subsidiary undertakings are non-charitable subsidiaries and are subject to taxation, but do not generally pay UK Corporation Tax because their policy is to pay taxable profits as donation to the Charity. Foreign tax incurred by subsidiaries operating overseas is charged as it is incurred.

Pension

The Charity operates a defined contribution pension scheme on behalf of its employees. Contributions are charged to the Statement of Financial Activities in the period in which they are payable.

Page 16

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

1 Accounting policies

Hire purchase

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligation is charged to the statement of financial activities over the relevant period. The Capital element of the future payments is treated as a liability.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an Appeal or as implied by law.

Volunteers and donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refers to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Foreign currency transactions

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Statement of Financial Activities.

Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, be definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying a mounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

(ii) Allocation of shared cost between multiple activities

Support costs relate to those functions that assist the work of the charity but do not directly relate to charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. All the general support and governance costs are allocated to activities at different percentages, on the basis of staff time relating to each activity.

Page 17

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

**2 ** Net surplus before tax in the financial year
Group
Charity
The net surplus before tax in the financial year is stated after charging:-
Depreciation of the owned Assets
Depreciation of assets held under finance Lease and hire purchases
contracts
Auditor's remuneration		 2025
2024
2025
£
£
£
969
1,260
969
1,719
2,149
1,719
26,220
25,000
15,720		 2024
£
1,260
2,149
15,000
**3 ** Interest Payable Group
Charity
Hire Purchase interest 2025
2024
2025
£
£
£
380
888
380		 2024
£
888
380
888
380		 888
**4 ** Staff costs and emoluments Group
Charity
Salary costs
Salaries
Social Security Costs
Pension costs		 2025
2024
2025
£
£
£
441,303
359,593
342,706
33,699
35,567
33,699
7,933
9,944
7,933		 2024
£
252,836
32,280
7,978
Total staff costs 482,935
405,104
384,338		 293,094
Average number of Employee 10
10
7		 7
The Number of employee whose employee benefit (excluding employer Pension costs) exceeded £60,000 was:
Group
Charity
60,001-70,000
70,001-80,000
80,001-90,000		 2025
2024
2025
1
1
1
1
1
1		 2024
1
1
Total 2
2
2		 2

The key management personnel of the charity include the Directors. The total employee benefits of the key management personnel of the charity were Nil (2024 - Nil).

5 Tangible fixed Assets

Group and Charity
Cost
At 1 June 2024
Additions
At 31 May 2025
Depreciation
At 1 June 2024
Charges for the Year
Disposals
At 31 May 2025
Net book Value
At 31 May 2025
At 31 May 2024		 Plant &
Machinery
£
22,255
-
22,255
17,457
969
-
18,426
3,829
4,798		 Motor
Vehicles
£
26,229
-
26,229
17,635
1,719
-
19,354
6,875
8,594		 Total
£
48,484
-
48,484
35,092
2,688
-
37,780
10,704
13,392

Page 18

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

6 Investments

Charity
Shares in company (limited by shares)
Cost or valuation
At 1 June 2024
At 31 May 2025
Carrying amount
At 31 May 2024
At 31 May 2025
The company's investment at the Balance Sheet date in the share capital of company includes the following:
Details of company
IshaLife Limited
Registered Office: England
Nature of Business: Other service activities not elsewhere classified (Trading of Yoga Items)
Class of shares:
Ordinary		 £
1
1
1
1
% holding
100

Page 19

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

**7 ** Debtors
Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Trade debtors 10,894 6,176 - -
Loan receivables - - 330,000 390,000
Other debtors 111,719 85,685 297,585 382,568
Payments and Accrued Income 10,340 19,620 10,340 19,620
132,953 111,481 637,925 792,188
**8 ** Creditors: amounts falling due within one year
Accruals Group
2025
£
26,220		 Group
2024
£
98,711		 Charity
2025
£
15,720		 Charity
2024
£
88,711
Trade Creditors 58,400 7,604 96,451 63,051
Other Creditors 124,706 3,982 126,321 -
Deferred Income* 17,694 44,837 17,694 44,837
Finance Lease and HP Contracts - 1,799 - 1,799
Social security and taxes 19,207 26,634 2,316 10,525
246,227 183,567 258,502 208,923
Opening Balance at the beginning of year
Less: Income recognised during the year
Add: Income deferred in the year
Closing Balance at end of year		 2025
2024
£
£
44,837
976,344
(44,837)
(976,344)
17,694
44,837
17,694
44,837
Group		 2025
2024
£
£
44,837
976,344
(44,837)
(976,344)
17,694
44,837
17,694
44,837
Charity

9 Analysis of net assets between funds

Group

At 31 May 2025
Tangible fixed assets
Net current assets
At 31 May 2024
Tangible fixed assets
Net current assets		 Unrestricted
Funds
£
10,704
10,086,232
10,096,936
Unrestricted
Funds
£
13,392
8,927,101
8,940,493		 Restricted
Funds
£
-
323,159
323,159
Restricted
Funds
£
-
57,645
57,645		 Total
Funds
£
10,704
10,409,391
10,420,095
Total
Funds
£
13,392
8,984,746
8,998,138

Page 20

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

Charity

9 Analysis of net assets between funds

At 31 May 2025
Tangible fixed assets
Investments
Net current assets
At 31 May 2024
Tangible fixed assets
Investments
Net current assets
Creditor falling due within one Year		 Unrestricted
Funds
£
10,704
1
10,086,231
10,096,936
Unrestricted
Funds
£
13,392
1
8,927,100
8,940,493		 Restricted
Funds
£
-
-
323,159
323,159
Restricted
Funds
£
-
-
57,645
57,645		 Total
Funds
£
10,704
1
10,409,390
10,420,095
Total
Funds
£
13,392
1
8,984,745
8,998,138
-

Page 21

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

10 Movement in funds

Group

Unrestricted funds
Unrestricted Funds
Total Unrestricted funds
Restricted Funds
Cauvery Calling
Project Green Hand
Isha Vidhya
Bangalore IYC
Action for Rural Rejuvination
Annadanam
Sacred Walks
Total Restricted funds
Total Charity Funds		 Balance at 1st
June 2024		 Income Expenditure
£
(2,500,234)
(2,500,234)
-
-
(49,316)
-
-
-
-
(49,316)
(2,549,550)		 Fund In/(Out)
Flow from merger		 Balance at 31st
May 2025
£ £ £ £
8,940,493
8,940,493
24,502
6,182
21,050
5,911
-
-
-
57,645
8,998,138		 3,656,677
3,656,677
29,522
-
52,887
172
25,463
102,485
104,301
314,830
3,971,507		 -
-
-
-
-
-
-
-
-
-
-		 10,096,936
10,096,936
54,024
6,182
24,621
6,083
25,463
102,485
104,301
323,159
10,420,095

Movements in funds - previous year

Unrestricted funds
Unrestricted Funds
Total Unrestricted funds
Restricted Funds
Cauvery Calling
Project Green Hand
Isha Vidhya
Bangalore IYC
Action for Rural Rejuvination
Save the Soil/COP28
Annadanam
Total Restricted funds
Total Charity Funds		 Balance at 1st
June 2023		 Income Expenditure
£
(3,648,852)
(3,648,852)
(125,869)
-
(38,443)
(37,952)
(1,178)
(33)
(66,804)
(270,279)
(3,919,131)		 Fund In/(Out)
Flow from merger		 Balance at 31st
May 2024
£ £ £ £
6,334,641
6,334,641
123,189
6,182
16,870
33,775
-
-
-
180,016
6,514,657		 6,254,704
6,254,704
27,182
-
42,623
10,088
1,178
33
66,804
147,908
6,402,612		 -
-
-
-
-
-
-
-
-
-
-		 8,940,493
8,940,493
24,502
6,182
21,050
5,911
-
-
-
57,645
8,998,138

*Details of Restricted Funds

Name of project

Purpose and timelines

Cauvery Calling

Project Green Hand

Isha Vidhya

Bangalore IYC

Sacred Walks

Action for Rural Rejuvination

Annadanam

For supporting a campaign that provides farmers to plant trees and revitalise the river Cauvery in South India. Balance amount to be spent in year 2025-26.

For supporting a campaign that provides farmers to plant trees and revitalise the river Cauvery in South India. Balance amount to be spent in year 2025-26.

For supporting Isha Vidhya school, providing underprivileged children in India. Balance amount to be spent in year 2025-26.

For supporting fundraising for the new Isha Yoga Centre being built in Bangalore, India. Balance amount to be spent in year 2025-26.

For the campaign “Sacred Walks” — a series of guided spiritual journeys to sacred places in India (and sometimes beyond) organized by the Isha Foundation — the balance amount is to be spent in the year 2025-26.

For supporting the continued implementation of health and rural community revitalisation programmes aimed at improving the lives of India’s rural population.

For supporting the food offerings to guests, residents, volunteers, sanyasis and brahmacharis at the Isha Yoga Center India.

Page 22

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

10 Movement in funds (Continued)

Charity
Unrestricted funds
Unrestricted funds
Total Unrestricted funds
Restricted funds
Cauvery Calling
Project Green Hand
Isha Vidhya
Bangalore IYC
APR Mobile Health
Annadanam
Sacred Walks
Total Restricted funds
Total Charity Funds		 Balance at 1st
June 2024		 Income Expenditure
£
(1,957,331)
(1,957,331)
-
-
(49,316)
-
-
-
-
(49,316)
(2,006,647)		 Fund In/(Out) Flow
from merger		 Balance at 31st
May 2025
£ £
£
£
8,940,493
8,940,493
24,502
6,182
21,050
5,911
-
-
-
57,645
8,998,138		 3,113,774
3,113,774
29,522
-
52,887
172
25,463
102,485
104,301
314,830
3,428,604		 -
-
-
-
-
-
-
-
-
-
-		 10,096,936
10,096,936
54,024
6,182
24,621
6,083
25,463
102,485
104,301
323,159
10,420,095

Movements in funds - previous year

Unrestricted funds
Unrestricted funds
Total Unrestricted funds
Restricted funds
Cauvery Calling
Project Green Hand
Isha Vidhya
Bangalore IYC
APR Mobile Health
Save the Soil/COP28
Annadanam
Total Restricted funds
Total Charity Funds		 Balance at 1st
June 2023		 Income Expenditure
£
(2,638,830)
(2,638,830)
(125,869)
-
(38,443)
(37,952)
(1,178)
(33)
(66,804)
(270,279)
(2,909,109)		 Fund In/(Out) Flow
from merger		 Balance at 31st
May 2024
£ £
£
£
6,334,641
6,334,641
123,189
6,182
16,870
33,775
-
-
-
180,016
6,514,657		 5,244,682
5,244,682
27,182
-
42,623
10,088
1,178
33
66,804
147,908
5,392,590		 -
-
-
-
-
-
-
-
-
-
-		 8,940,493
8,940,493
24,502
6,182
21,050
5,911
-
-
-
57,645
8,998,138

*Details of Restricted Funds

Name of project

Purpose and timelines

Cauvery Calling

Project Green Hand

Isha Vidhya

Bangalore IYC

Sacred Walks

For supporting a campaign that provides farmers to plant trees and revitalise the river Cauvery in South India. Balance amount to be spent in year 2025-26.

For supporting a campaign that provides farmers to plant trees and revitalise the river Cauvery in South India. Balance amount to be spent in year 2025-26.

For supporting Isha Vidhya school, providing underprivileged children in India. Balance amount to be spent in year 2025-26.

For supporting fundraising for the new Isha Yoga Centre being built in Bangalore, India. Balance amount to be spent in year 2025-26.

For the campaign “Sacred Walks” — a series of guided spiritual journeys to sacred places in India (and sometimes beyond) organized by the Isha Foundation — the balance amount is to be spent in the year 2025-26.

Action for Rural Rejuvination

Annadanam

For supporting the continued implementation of health and rural community revitalisation programmes aimed at improving the lives of India’s rural population.

For supporting the food offerings to guests, residents, volunteers, sanyasis and brahmacharis at the Isha Yoga Center India.

Page 23

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

11 Income from donations

Donation and gifts
Donation and gifts from Individuals
Total Income from donation
Donation and gifts
Donation and gifts from Individuals
Donation from subsidiary company
Total Income from donation
12 Income from charitable activities
Primary purpose and ancillary trading
Promoting yoga
Books and merchandise sales
Other operating Income
Total from charitable activities
Primary purpose and ancillary trading
Promoting yoga
Total from charitable activities
13 Investment Income
Bank Interest receivable
Total Investment Income
Bank Interest receivable
Interest Income on loans to subsidiary company
Total Investment Income		 Unrestricted
Funds
2025
£
926,623
926,623
Unrestricted
Funds
2025
£
926,623
118,906
1,045,529
Unrestricted
Funds
2025
£
1,960,247
687,897
2,648,144
Unrestricted
Funds
2025
£
1,960,247
1,960,247
Unrestricted
Funds
2025
£
81,910
81,910
Unrestricted
Funds
2025
£
81,910
26,088
107,998		 Restricted
Funds
2025
£
314,830
314,830
Restricted
Funds
2025
£
314,830
-
314,830
Restricted
Funds
2025
£
-
-
-
Restricted
Funds
2025
£
-
-
Restricted
Funds
2025
£
-
-
Restricted
Funds
2025
£
-
-
-		 Total Funds
Unrestricted
Funds
2025
2024
£
£
1,241,453
951,000
1,241,453
951,000
Total Funds
Unrestricted
Funds
2025
2024
£
£
1,241,453
951,000
118,906
213,710
1,360,359
1,164,710
Total Funds
Unrestricted
Funds
2025
2024
£
£
1,960,247
4,453,770
687,897
802,582
-
4014
2,648,144
5,260,366
Total Funds
Unrestricted
Funds
2025
2024
£
£
1,960,247
4,005,801
1,960,247
4,005,801
Total Funds
Unrestricted
Funds
2025
2024
£
£
81,910
43,338
81,910
43,338
Total Funds
Unrestricted
Funds
2025
2024
£
£
81,910
43,338
26,088
30,833
107,998
74,171
Charity
Group
Charity
Group
Charity
Group		 Restricted
Funds
2024
£
147,908
147,908
Restricted
Funds
2024
£
147,908
-
147,908
Restricted
Funds
2024
£
-
-
-
-
Restricted
Funds
2024
£
-
-
Restricted
Funds
2024
£
-
-
Restricted
Funds
2024
£
-
-
-		 Total Funds
2024
£
1,098,908
1,098,908
Total Funds
2024
£
1,098,908
213,710
1,312,618
Total Funds
2024
£
4,453,770
802,582
4,014
5,260,366
Total Funds
2024
£
4,005,801
4,005,801
Total Funds
2024
£
43,338
43,338
Total Funds
2024
£
43,338
30,833
74,171

Page 24

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

15 Expenditure
Staff costs (Note 15C)
Program costs
Other direct Costs
Grant expenses
Support costs (Note 15A)
Governance costs (Note 15B)
Utilization of:
Restricted funds
Unrestricted funds
Staff costs (Note 15C)
Program costs
Other direct costs
Grant expenses
Support costs (Note 15A)
Governance costs (Note 15B)
Utilization of:
Restricted funds
Unrestricted funds		 Expenditure
on raising
funds
2025
£
57,617
-
-
-
13,691
2,939
74,247
-
74,247
74,247
Expenditure
on raising
funds
2025
£
42,698
-
-
-
12,383
2,384
57,465
-
57,465
57,465		 Expenditure
on Charitable
Activities
2025
£
230,470
1,400,926
152,962
54,316
545,622
91,007
2,475,303
49,316
2,425,987
2,475,303
Expenditure
on Charitable
Activities
2025
£
170,792
1,029,349
152,962
54,316
466,220
75,542
1,949,181
49,316
1,899,865
1,949,181		 Total
2025
£
288,087
1,400,926
152,962
54,316
559,313
93,946
2,549,550
49,316
2,500,234
2,549,550
Total
2025
£
213,490
1,029,349
152,962
54,316
478,603
77,926
2,006,646
49,316
1,957,330
2,006,646
Gr
Cha		 Expenditure
on raising
funds
2024
£
33,193
-
-
-
6,356
992
40,541
133
40,408
40,541
Expenditure
on raising
funds
2024
£
33,193
-
-
-
6,987
798
40,978
191
40,787
40,978
oup
rity		 Expenditure
on Charitable
Activities
2024
£
132,772
2,025,128
491,133
500,687
649,650
79,220
3,878,590
270,146
3,608,444
3,878,590
Expenditure
on Charitable
Activities
2024
£
132,772
1,628,678
82,637
500,687
479,035
44,322
2,868,131
270,088
2,598,043
2,868,131		 Total
2024
£
165,965
2,025,128
491,133
500,687
656,006
80,212
3,919,131
270,279
3,648,852
3,919,131
Total
2024
£
165,965
1,628,678
82,637
500,687
486,022
45,120
2,909,109
270,279
2,638,830
2,909,109
15A Support Costs
Basis of apportionment
Bank charges
Nature of expense
Office and administration staff
(Note 15C)
Pro-rata by expenditure
Exchange loss
Nature of expense
Depreciation
On the basis of use
Loss on disposal of fixed asset On the basis of use
Equipment repair expenses
On the basis of use
Hire prchase interest
On the basis of use
Insurance
Pro-rata by expenditure
IT and communication costs
Pro-rata by expenditure		 Expenditure
on raising
funds
2025
£
-
6,095
-
-
-
-
-
479
7,117
13,691		 Expenditure
on Charitable
Activities
2025
£
108,184
188,753
10,374
2,688
-
-
380
14,846
220,397
545,622		 Total
2025
£
108,184
194,848
10,374
2,688
-
-
380
15,325
227,514
559,313
Gr		 Expenditure
on raising
funds
2024
£
-
2,959
-
-
-
-
-
206
3,191
6,356
oup		 Expenditure
on Charitable
Activities
2024
£
128,185
236,180
3,067
3,409
1,445
5,374
888
16,452
254,650
649,650		 Total
2024
£
128,185
239,139
3,067
3,409
1,445
5,374
888
16,658
257,841
656,006
Basis of apportionment
Bank charges
Nature of expense
Office and administration staff
(Note 15C)
Pro-rata by expenditure
Exchange loss
Nature of expense
Depreciation
On the basis of use
Loss on disposal of fixed asset On the basis of use
Equipment repair expenses
On the basis of use
Hire purchase interest
On the basis of use
Insurance
Pro-rata by expenditure
IT and communication costs
Pro-rata by expenditure		 Expenditure
on raising
funds
2025
£
-
5,226
-
-
-
-
-
469
6,688
12,383		 Expenditure
on Charitable
Activities
2025
£
70,451
165,621
272
2,688
-
-
380
14,856
211,952
466,220		 Total
2025
£
70,451
170,847
272
2,688
-
-
380
15,325
218,640
478,603
Cha		 Expenditure
on raising
funds
2024
£
-
2,248
-
-
-
-
-
295
4,444
6,987
rity		 Expenditure
on Charitable
Activities
2024
£
78,742
124,881
1,645
3,409
1,445
4,781
888
16,363
246,881
479,035		 Total
2024
£
78,742
127,129
1,645
3,409
1,445
4,781
888
16,658
251,325
486,022

Page 25

ISHA FOUNDATION

Notes to the Consolidated Accounts for the year ended 31 May 2025

15B Governance Costs

Basis of apportionmen
Auditor's Fees
Pro-rata by expenditure
Accountancy fees
Pro-rata by expenditure
Legal and Professional Fee
Pro-rata by expenditure
Basis of apportionmen
Auditor's Fees
Pro-rata by expenditure
Legal and Professional Fee
Pro-rata by expenditure
Staff Costs
Basis of
apportionment
Salaries
Social Security Costs
Pension costs
Total
Basis of
apportionment
Salaries
Social Security Costs
Pension costs
Total
On the basis of time
spent
On the basis of time
spent		 t
t
Expenditure
on raising
funds
2025
£
53,458
3,365
794
57,617
Expenditure
on raising
funds
2025
£
38,539
3,365
794
42,698		 Expenditure
on Charitable
Activities
2025
£
213,833
13,461
3,176
230,470
Expenditure
on Charitable
Activities
2025
£
154,155
13,461
3,176
170,792		 Expenditure
on raising
funds
2025
£
820
87
2,032
2,939
Expenditure
on raising
funds
2025
£
481
1,903
2,384
Allocable to
support costs
2025
£
174,012
16,873
3,963
194,848
Allocable to
support costs
2025
£
150,012
16,873
3,963
170,848		 Expenditure
on Charitable
Activities
2025
£
25,400
2,686
62,921
91,007
Expenditure
on Charitable
Activities
2025
£
15,239
60,303
75,542
Total
2025
£
441,303
33,699
7,933
482,935
Total
2025
£
342,706
33,699
7,933
384,338
Gr
Cha		 Total
2025
£
26,220
2,773
64,953
93,946
Total
2025
£
15,720
62,206
77,926
Expenditure
on raising
funds
2024
£
28,665
3,551
977
33,193
Expenditure
on raising
funds
2024
£
28,665
3,551
977
33,193
Gr
Cha
oup
rity		 Expenditure
on raising
funds
2024
£
309
168
515
992
Expenditure
on raising
funds
2024
£
265
533
798
Expenditure
on Charitable
Activities
2024
£
114,660
14,202
3,910
132,772
Expenditure
on Charitable
Activities
2024
£
114,660
14,202
3,910
132,772
oup
rity		 Expenditure
on Charitable
Activities
2024
£
24,691
13,446
41,083
79,220
Expenditure
on Charitable
Activities
2024
£
14,735
29,587
44,322
Allocable to
support costs
2024
£
216,268
17,814
5,057
239,139
Allocable to
support costs
2024
£
109,511
14,527
3,091
127,129		 Total
2024
£
25,000
13,614
41,598
80,212
Total
2024
£
15,000
30,120
45,120
Total
2024
£
359,593
35,567
9,944
405,104
Total
2024
£
252,836
32,280
7,978
293,094

15C Staff Costs

16 Related parties

Name of related party and relationship
Name Relationship
Ishalife Limited (incorporated in England, UK) 100% subsidiary
Isha Foundation Inc, USA Sole member of charity
IshaLife Private Limited, India Having significant influence over operation of the subsidiary company

All intra-group balances and transactions have been eliminated on consolidation including intercompany loans, staff costs and warehouse costs recharges, stock recharges and donation.

At the balance sheet date, amounts due to related parties other than subsidiary undertakings totalled £58,400 (2024: £58,400). These balances were unsecured, interest-free and repayable on demand unless otherwise stated.

During the year, the charity received services from related parties other than subsidiary undertakings amounting to £Nil (2024: £39,748). These transactions were conducted on terms equivalent to those prevailing in arm’s length transactions.

17 Trustees' remuneration and expenses

18 Ultimate controlling party

For the whole of the year, the charity was under the control of the Directors and Trustees as shown on page 1.

Page 26