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



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## **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. 

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## **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. 

- 11 in-person programmes were conducted during the course of the year and 295 participants completed these programs; and 12,800 participants registered for the new format of the online Inner Engineering program (In 7 Steps Transform Your Life with 

- **o** Sadhguru - Inner Engineering) out of which 5800 participants completed the program in the Europe organized online sessions, and additional 1400 completed it in the sessions that the other regions organized. 

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 

- Kazakhstan Ministry of Agriculture. The movement also co-authored civil society policy drafts with partners such as 4p1000, SEKEM, and INRAE. Over 85 NGOs endorsed the UNFCCC draft, of which 20% were from the EU; 

- Save Soil also became a partner of the Riyadh Action Agenda, supporting land restoration goals for 1.5 billion hectares by 2030; The Save Soil team delivered presentations at Soil Hub Italy, World Living Soils Forum (France), Uzbekistan Embassy (London), 

- **o** and Portugal’s National Agricultural Research Institute; 

- Building on earlier success, in the EU, Save Soil facilitated a final citizen pledge campaign in support of the Soil Monitoring & 

- **o** Resilience Directive ahead of its final adoption. The movement gathered approximately 18000 signatures to MEPs, contributing to the strong parliamentary vote (341 in favour) and reinforcing the public mandate for soil protection across Europe; 

- Two expert webinars were held with the Sadhguru Centre for a Conscious Planet — Eco-Anxiety, and Soil: Our Very Body — with a 

- **o** total of 4,000 registrations and 1,300 attendees. The former featured influencers Zinnia Kumar and Benedikt Bösel. The “Soil: The World at Our Feet” exhibition at Somerset House showcased Cauvery Calling, and Floracult 2025 (Italy) included a 

- **o** talk and meditation led by Save Soil for 150 attendees; 

- On World Environment Day (June 2024), Save Soil collaborated with like-minded bodies and generated 47 collaborative social 

- **o** media posts which reached 1.75 million people. 85,700 of these engaged with save Soil; 

- Awareness campaigns around key environment days featured experts such as Tim Mead (Yeo Valley), Paul Luu (4p1000), Martin 

- **o** Frick (WFP), and Ellen Fay (Sustainable Soils Alliance); 

- For World Soil Day, a global handprint campaign gathered 11,000 handprints, later presented at COP29 (Baku); 

- **o** For Earth Day (April 2025), the Your Next Meal: Powered by Save Soil engaged multiple organisations and youth volunteers; Earth Buddies, our Save Soil volunteers, engaged at a local level to promote the Save Soil movement and to provide a flavour a 

- **o** few such activities: 

   - **_** At Glastonbury Festival, six volunteers hosted a stall, and a number of media persons were amongst the 2,300–2,500 people who visited the stall; 

   - **_** The Save Soil French team sponsored Save Soil School events - 1 event in a high school during a "green week" in France in March 2025.Conducted 4 times 

   - **_** Over 50 Save Soil UK and Europe volunteers supported 19 years old cyclist - Sahil, who cycled 3500 kms, across 7 countries in Europe from India. The volunteers provided logistical support in the region, organised events, school visits, meetings with city mayors, farm visits and awareness drives; 

   - **_** Across EU, the documentary - Kiss the Ground (before it got released on Amazon prime) was streamed in partnership with the filmmakers inviting all earth buddies to raise awareness. 

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## **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. 

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## **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. 

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## **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: 

- -select suitable accounting policies and apply them consistently 

- -make judgements and estimates that are reasonable and prudent 

- -observe the methods and principles in the Charities SORP 

- -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. 

- -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

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: 

- there is no relevant audit information of which the charity's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to 

- establish that the auditors are aware of that information. 

## **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 

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**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: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

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**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: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- -the financial statements are not in agreement with the accounting records and returns; or 

- -certain disclosures of trustees’ remuneration specified by law are not made; or -we have not received all the information and explanations we require for our audit; or 

-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**<br>Donations<br>**11**<br>Charitable activities<br>**12**<br>Investment<br>**13**<br>**Total income**<br>**Expenditures on**<br>Raising fund<br>**15**<br>Charitable activities<br>Promoting yoga<br>**15**<br>**Total expenditure**<br>**Net income/(expenditure) for the year**<br>Transfer between funds<br>**Net income after transfers**<br>**Net movement in funds**<br>**Reconciliation of funds:-**<br>**Total funds brought forward**<br>**Total funds carried forward**|**Group**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>926,623<br>2,648,144<br>81,910<br>**3,656,677**<br>74,247<br>2,425,987<br>**2,500,234**<br>**1,156,443**<br>-<br>**1,156,443**<br>**1,156,443**<br>**8,940,493**<br>**10,096,936**|**Group**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>314,830<br>-<br>-<br>**314,830**<br>-<br>49,316<br>**49,316**<br>**265,514**<br>-<br>**265,514**<br>**265,514**<br>**57,645**<br>**323,159**|**Group**<br>**Total Funds**<br>**2025**<br>**£**<br>**1,241,453**<br>**2,648,144**<br>**81,910**<br>**3,971,507**<br>**74,247**<br>**2,475,303**<br>**2,549,550**<br>**1,421,957**<br>-<br>**1,421,957**<br>**1,421,957**<br>**8,998,138**<br>**10,420,095**|**Group**<br>**Unrestricted**<br>**Funds**<br>**2024**<br>**£**<br>951,000<br>5,260,366<br>43,338<br>**6,254,704**<br>40,408<br>3,608,444<br>**3,648,852**<br>**2,605,852**<br>-<br>**2,605,852**<br>**2,605,852**<br>**6,334,641**<br>**8,940,493**|**Group**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>147,908<br>-<br>-<br>**147,908**<br>133<br>270,146<br>**270,279**<br>**(122,371)**<br>-<br>**(122,371)**<br>**(122,371)**<br>**180,016**<br>**57,645**|**Group**<br>**Total Funds**<br>**2024**<br>**£**<br>**1,098,908**<br>**5,260,366**<br>**43,338**<br>**6,402,612**<br>**40,541**<br>**3,878,590**<br>**3,919,131**<br>**2,483,481**<br>**-**<br>**2,483,481**<br>**2,483,481**<br>**6,514,657**<br>**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**<br>(246,227)||**9,168,313**<br>(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**<br>Donations<br>**11**<br>Charitable activities<br>**12**<br>Investment<br>**13**<br>**Total income**<br>**Expenditures on**<br>Raising fund<br>**15**<br>Charitable activities<br>Promoting yoga<br>**15**<br>**Total expenditure**<br>**Net income/(expenditure) for the year**<br>**Net movement in funds**<br>**Reconciliation of funds:-**<br>**Total funds brought forward**<br>**Total funds carried forward**|**Charity**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>1,045,529<br>1,960,247<br>107,998<br>**3,113,774**<br>57,466<br>1,899,865<br>**1,957,331**<br>**1,156,443**<br>**1,156,443**<br>**8,940,493**<br>**10,096,936**|**Charity**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>314,830<br>-<br>-<br>**314,830**<br>-<br>49,316<br>**49,316**<br>**265,514**<br>**265,514**<br>**57,645**<br>**323,159**|**Charity**<br>**Total Funds**<br>**2025**<br>**£**<br>**1,360,359**<br>**1,960,247**<br>**107,998**<br>**3,428,604**<br>**57,466**<br>**1,949,181**<br>**2,006,647**<br>**1,421,957**<br>**1,421,957**<br>**8,998,138**<br>**10,420,095**|**Charity**<br>**Unrestricted**<br>**Funds**<br>**2024**<br>**£**<br>1,164,710<br>4,005,801<br>74,171<br>**5,244,682**<br>40,787<br>2,598,043<br>**2,638,830**<br>**2,605,852**<br>**2,605,852**<br>**6,334,641**<br>**8,940,493**|**Charity**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>147,908<br>-<br>-<br>**147,908**<br>191<br>270,088<br>**270,279**<br>**(122,371)**<br>**(122,371)**<br>**180,016**<br>**57,645**|**Charity**<br>**Total Funds**<br>**2024**<br>**£**<br>**1,312,618**<br>**4,005,801**<br>**74,171**<br>**5,392,590**<br>**40,978**<br>**2,868,131**<br>**2,909,109**<br>**2,483,481**<br>**2,483,481**<br>**6,514,657**<br>**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**<br>(258,502)||**9,193,668**<br>(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**<br>Net cash provided by operating activities as shown below<br>**Net increase in cash and cash equivalents**<br>Cash and cash equivalents at 1st June<br>**Reconciliation of net income to net cash flow from operating activities**<br>Net income as shown in the Statement of Financial Activities<br>**Adjustments for :-**<br>Depreciation Charges<br>Loss on disposal of fixed assets<br>(Increase) in stocks<br>(Increase)/Decrease in debtors<br>Increase/(decrease) in creditors excluding loans<br>**Net cash provided by operating activities**<br>**Analysis of cash and cash equivalents**<br>Cash in hand at the year end 31 May<br>**Total cash and cash equivalents**<br>**Cash and cash equivalents at 31 May**||**Group**<br>**2025**<br>**£**<br>1,453,537<br>**1,453,537**<br>8,691,876<br>**10,145,413**<br>**Group**<br>**2025**<br>**£**<br>1,421,957<br>2,688<br>-<br>(12,295)<br>(21,472)<br>62,661<br>**1,453,537**<br>**2025**<br>**£**<br>10,145,413<br>**10,145,413**||**Group**<br>**2024**<br>**£**<br>1,540,598<br>**1,540,598**<br>7,151,277<br>**8,691,876**<br>**Group**<br>**2024**<br>**£**<br>2,483,481<br>3,409<br>1,445<br>(21,799)<br>79,287<br>(1,005,224)<br>**1,540,598**<br>**2024**<br>**£**<br>8,691,876<br>**8,691,876**|
|---|---|---|---|---|



Page 13 



**ISHA FOUNDATION** 

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

|**Cash flows from operating activities**<br>Net cash provided by operating activities as shown below<br>**Cash flows from investing activities**<br>Loan repayment received during year<br>Interest Income on loans to subsidiary company<br>**Net cash used in investing activities**<br>**Net cash provided by financing activities**<br>**Net increase in cash and cash equivalents**<br>Cash and cash equivalents at 1st June<br>**Reconciliation of net income to net cash flow from operating activities**<br>Net income as shown in the Statement of Financial Activities<br>**Adjustments for :-**<br>Depreciation Charges<br>Loss on disposal of fixed assets<br>Interest Income on loans to subsidiary company<br>Decrease/(Increase) in stocks<br>Decrease/(Increase) in debtors<br>(Decrease) in creditors excluding loans<br>**Net cash provided by operating activities**<br>**Analysis of cash and cash equivalents**<br>Cash in hand at the year end 31 May<br>**Total cash and cash equivalents**<br>**Cash and cash equivalents at 31 May**||**Charity**<br>**2025**<br>**£**<br>1,575,434<br>60,000<br>26,088<br>**86,088**<br>**-**<br>**1,661,522**<br>8,368,445<br>**10,029,968**<br>**Charity**<br>**2025**<br>**£**<br>1,421,957<br>2,688<br>-<br>(26,088)<br>33,035<br>154,263<br>(10,421)<br>**1,575,434**<br>**2025**<br>**£**<br>10,029,967<br>**10,029,967**||**Charity**<br>**2024**<br>**£**<br>1,344,121<br>10,000<br>30,833<br>**40,833**<br>**-**<br>**1,384,954**<br>6,983,491<br>**8,368,445**<br>**Charity**<br>**2024**<br>**£**<br>2,483,481<br>3,409<br>1,445<br>(30,833)<br>(30,102)<br>(99,387)<br>(983,892)<br>**1,344,121**<br>**2024**<br>**£**<br>8,368,445<br>**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**<br>**Charity**||
||The net surplus before tax in the financial year is stated after charging:-<br>Depreciation of the owned Assets<br>Depreciation of assets held under finance Lease and hire purchases<br>contracts<br>Auditor's remuneration|**2025**<br>**2024**<br>**2025**<br>**£**<br>**£**<br>**£**<br>969<br>1,260<br>969<br>1,719<br>2,149<br>1,719<br>26,220<br>25,000<br>15,720|**2024**<br>**£**<br>1,260<br>2,149<br>15,000|
|**3 **|**Interest Payable**|**Group**<br>**Charity**||
||Hire Purchase interest|**2025**<br>**2024**<br>**2025**<br>**£**<br>**£**<br>**£**<br>380<br>888<br>380|**2024**<br>**£**<br>888|
|||**380**<br>**888**<br>**380**|**888**|
|**4 **|**Staff costs and emoluments**|**Group**<br>**Charity**||
||**_Salary costs_**<br>Salaries<br>Social Security Costs<br>Pension costs|**2025**<br>**2024**<br>**2025**<br>**£**<br>**£**<br>**£**<br>441,303<br>359,593<br>342,706<br>33,699<br>35,567<br>33,699<br>7,933<br>9,944<br>7,933|**2024**<br>**£**<br>252,836<br>32,280<br>7,978|
||**Total staff costs**|**482,935**<br>**405,104**<br>**384,338**|**293,094**|
||Average number of Employee|10<br>10<br>7|7|
||The Number of employee whose employee benefit (excluding employer|Pension costs) exceeded £60,000 was:<br>**Group**<br>**Charity**||
||60,001-70,000<br>70,001-80,000<br>80,001-90,000|**2025**<br>**2024**<br>**2025**<br>1<br>1<br>1<br>1<br>1<br>1|**2024**<br>1<br>1|
||Total|**2**<br>**2**<br>**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**<br>**Cost**<br>At 1 June 2024<br>Additions<br>**At 31 May 2025**<br>**Depreciation**<br>At 1 June 2024<br>Charges for the Year<br>Disposals<br>**At 31 May 2025**<br>**Net book Value**<br>**At 31 May 2025**<br>**At 31 May 2024**|**Plant &**<br>**Machinery**<br>**£**<br>22,255<br>-<br>**22,255**<br>17,457<br>969<br>-<br>**18,426**<br>**3,829**<br>**4,798**|**Motor**<br>**Vehicles**<br>**£**<br>26,229<br>-<br>**26,229**<br>17,635<br>1,719<br>-<br>**19,354**<br>**6,875**<br>**8,594**|**Total**<br>**£**<br>**48,484**<br>**-**<br>**48,484**<br>**35,092**<br>**2,688**<br>**-**<br>**37,780**<br>**10,704**<br>**13,392**|
|---|---|---|---|



Page 18 



**ISHA FOUNDATION** 

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

## **6 Investments** 

|**Charity**<br>**Shares in company (limited by shares)**<br>**Cost or valuation**<br>At 1 June 2024<br>**At 31 May 2025**<br>**Carrying amount**<br>At 31 May 2024<br>**At 31 May 2025**<br>The company's investment at the Balance Sheet date in the share capital of company includes the following:<br>**Details of company**<br>IshaLife Limited<br>Registered Office: England<br>Nature of Business: Other service activities not elsewhere classified (Trading of Yoga Items)<br>**Class of shares:**<br>Ordinary|**£**<br>**1**<br>**1**<br>**1**<br>**1**<br>% holding<br>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**<br>**2025**<br>**£**<br>26,220|**Group**<br>**2024**<br>**£**<br>98,711|**Charity**<br>**2025**<br>**£**<br>15,720|**Charity**<br>**2024**<br>**£**<br>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**|



* The deferred income represents cash received from donors prior to entitlement under our income recognition policy. Below is details of deferred income: 

|**Opening Balance at the beginning of year**<br>Less: Income recognised during the year<br>Add: Income deferred in the year<br>**Closing Balance at end of year**|**2025**<br>**2024**<br>**£**<br>**£**<br>44,837<br>976,344<br>(44,837)<br>(976,344)<br>17,694<br>44,837<br>**17,694**<br>**44,837**<br>**Group**|**2025**<br>**2024**<br>**£**<br>**£**<br>44,837<br>976,344<br>(44,837)<br>(976,344)<br>17,694<br>44,837<br>**17,694**<br>**44,837**<br>**Charity**|
|---|---|---|



## **9 Analysis of net assets between funds** 

## **Group** 

|**At 31 May 2025**<br>Tangible fixed assets<br>Net current assets<br>**At 31 May 2024**<br>Tangible fixed assets<br>Net current assets|**Unrestricted**<br>**Funds**<br>**£**<br>10,704<br>10,086,232<br>**10,096,936**<br>**Unrestricted**<br>**Funds**<br>**£**<br>13,392<br>8,927,101<br>**8,940,493**|**Restricted**<br>**Funds**<br>**£**<br>-<br>323,159<br>**323,159**<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>57,645<br>**57,645**|**Total**<br>**Funds**<br>**£**<br>10,704<br>10,409,391<br>**10,420,095**<br>**Total**<br>**Funds**<br>**£**<br>13,392<br>8,984,746<br>**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**<br>Tangible fixed assets<br>Investments<br>Net current assets<br>**At 31 May 2024**<br>Tangible fixed assets<br>Investments<br>Net current assets<br>Creditor falling due within one Year|**Unrestricted**<br>**Funds**<br>**£**<br>10,704<br>1<br>10,086,231<br>**10,096,936**<br>**Unrestricted**<br>**Funds**<br>**£**<br>13,392<br>1<br>8,927,100<br>**8,940,493**|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>323,159<br>**323,159**<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>57,645<br>**57,645**|**Total**<br>**Funds**<br>**£**<br>**10,704**<br>**1**<br>**10,409,390**<br>**10,420,095**<br>**Total**<br>**Funds**<br>**£**<br>**13,392**<br>**1**<br>**8,984,745**<br>**8,998,138**<br>-|
|---|---|---|---|



Page 21 



**ISHA FOUNDATION** 

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

## **10 Movement in funds** 

## **Group** 

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



## **Movements in funds - previous year** 

|**Unrestricted funds**<br>Unrestricted Funds<br>**Total Unrestricted funds**<br>**Restricted Funds**<br>Cauvery Calling<br>Project Green Hand<br>Isha Vidhya<br>Bangalore IYC<br>Action for Rural Rejuvination<br>Save the Soil/COP28<br>Annadanam<br>**Total Restricted funds**<br>**Total Charity Funds**|**Balance at 1st**<br>**June 2023**|**Income**|**Expenditure**<br>**£**<br>(3,648,852)<br>**(3,648,852)**<br>(125,869)<br>-<br>(38,443)<br>(37,952)<br>(1,178)<br>(33)<br>(66,804)<br>**(270,279)**<br>**(3,919,131)**|**Fund In/(Out)**<br>**Flow from merger**|**Balance at 31st**<br>**May 2024**|
|---|---|---|---|---|---|
||**£**|**£**||**£**|**£**|
||6,334,641<br>**6,334,641**<br>123,189<br>6,182<br>16,870<br>33,775<br>-<br>-<br>-<br>**180,016**<br>**6,514,657**|6,254,704<br>**6,254,704**<br>27,182<br>-<br>42,623<br>10,088<br>1,178<br>33<br>66,804<br>**147,908**<br>**6,402,612**||-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**|8,940,493<br>**8,940,493**<br>24,502<br>6,182<br>21,050<br>5,911<br>-<br>-<br>-<br>**57,645**<br>**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**<br>**Unrestricted funds**<br>Unrestricted funds<br>**Total Unrestricted funds**<br>**Restricted funds**<br>Cauvery Calling<br>Project Green Hand<br>Isha Vidhya<br>Bangalore IYC<br>APR Mobile Health<br>Annadanam<br>Sacred Walks<br>**Total Restricted funds**<br>**Total Charity Funds**|**Balance at 1st**<br>**June 2024**|**Income**|**Expenditure**<br>**£**<br>(1,957,331)<br>**(1,957,331)**<br>-<br>-<br>(49,316)<br>-<br>-<br>-<br>-<br>**(49,316)**<br>**(2,006,647)**|**Fund In/(Out) Flow**<br>**from merger**|**Balance at 31st**<br>**May 2025**|
|---|---|---|---|---|---|
||**£**|**£**||<br>**£**|<br>**£**|
||8,940,493<br>**8,940,493**<br>24,502<br>6,182<br>21,050<br>5,911<br>-<br>-<br>-<br>**57,645**<br>**8,998,138**|3,113,774<br>**3,113,774**<br>29,522<br>-<br>52,887<br>172<br>25,463<br>102,485<br>104,301<br>**314,830**<br>**3,428,604**||-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**|10,096,936<br>**10,096,936**<br>54,024<br>6,182<br>24,621<br>6,083<br>25,463<br>102,485<br>104,301<br>**323,159**<br>**10,420,095**|



**Movements in funds - previous year** 

|**Unrestricted funds**<br>Unrestricted funds<br>**Total Unrestricted funds**<br>**Restricted funds**<br>Cauvery Calling<br>Project Green Hand<br>Isha Vidhya<br>Bangalore IYC<br>APR Mobile Health<br>Save the Soil/COP28<br>Annadanam<br>**Total Restricted funds**<br>**Total Charity Funds**|**Balance at 1st**<br>**June 2023**|**Income**|**Expenditure**<br>**£**<br>(2,638,830)<br>**(2,638,830)**<br>(125,869)<br>-<br>(38,443)<br>(37,952)<br>(1,178)<br>(33)<br>(66,804)<br>**(270,279)**<br>**(2,909,109)**|**Fund In/(Out) Flow**<br>**from merger**|**Balance at 31st**<br>**May 2024**|
|---|---|---|---|---|---|
||**£**|**£**||<br>**£**|<br>**£**|
||6,334,641<br>**6,334,641**<br>123,189<br>6,182<br>16,870<br>33,775<br>-<br>-<br>-<br>**180,016**<br>**6,514,657**|5,244,682<br>**5,244,682**<br>27,182<br>-<br>42,623<br>10,088<br>1,178<br>33<br>66,804<br>**147,908**<br>**5,392,590**||-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**|8,940,493<br>**8,940,493**<br>24,502<br>6,182<br>21,050<br>5,911<br>-<br>-<br>-<br>**57,645**<br>**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**<br>Donation and gifts from Individuals<br>**Total Income from donation**<br>**Donation and gifts**<br>Donation and gifts from Individuals<br>Donation from subsidiary company<br>**Total Income from donation**<br>**12 Income from charitable activities**<br>**Primary purpose and ancillary trading**<br>Promoting yoga<br>Books and merchandise sales<br>Other operating Income<br>**Total from charitable activities**<br>**Primary purpose and ancillary trading**<br>Promoting yoga<br>**Total from charitable activities**<br>**13 Investment Income**<br>Bank Interest receivable<br>**Total Investment Income**<br>Bank Interest receivable<br>Interest Income on loans to subsidiary company<br>**Total Investment Income**|**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>926,623<br>**926,623**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>926,623<br>118,906<br>**1,045,529**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>1,960,247<br>687,897<br>**2,648,144**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>1,960,247<br>**1,960,247**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>81,910<br>**81,910**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**£**<br>81,910<br>26,088<br>**107,998**|**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>314,830<br>**314,830**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>314,830<br>-<br>**314,830**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>-<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>-<br>-<br>**-**|**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**1,241,453**<br>951,000<br>**1,241,453**<br>**951,000**<br>**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**1,241,453**<br>951,000<br>**118,906**<br>213,710<br>**1,360,359**<br>**1,164,710**<br>**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**1,960,247**<br>4,453,770<br>**687,897**<br>802,582<br>**-**<br>4014<br>**2,648,144**<br>**5,260,366**<br>**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**1,960,247**<br>4,005,801<br>**1,960,247**<br>**4,005,801**<br>**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**81,910**<br>43,338<br>**81,910**<br>**43,338**<br>**Total Funds**<br>**Unrestricted**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**81,910**<br>43,338<br>**26,088**<br>30,833<br>**107,998**<br>**74,171**<br>**Charity**<br>**Group**<br>**Charity**<br>**Group**<br>**Charity**<br>**Group**|**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>147,908<br>**147,908**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>147,908<br>-<br>**147,908**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>-<br>**-**|**Total Funds**<br>**2024**<br>**£**<br>**1,098,908**<br>**1,098,908**<br>**Total Funds**<br>**2024**<br>**£**<br>**1,098,908**<br>**213,710**<br>**1,312,618**<br>**Total Funds**<br>**2024**<br>**£**<br>**4,453,770**<br>**802,582**<br>**4,014**<br>**5,260,366**<br>**Total Funds**<br>**2024**<br>**£**<br>**4,005,801**<br>**4,005,801**<br>**Total Funds**<br>**2024**<br>**£**<br>**43,338**<br>**43,338**<br>**Total Funds**<br>**2024**<br>**£**<br>**43,338**<br>**30,833**<br>**74,171**|
|---|---|---|---|---|---|



Page 24 



**ISHA FOUNDATION** 

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

|**15 Expenditure**<br>Staff costs (Note 15C)<br>Program costs<br>Other direct Costs<br>Grant expenses<br>Support costs (Note 15A)<br>Governance costs (Note 15B)<br>**Utilization of:**<br>Restricted funds<br>Unrestricted funds<br>Staff costs (Note 15C)<br>Program costs<br>Other direct costs<br>Grant expenses<br>Support costs (Note 15A)<br>Governance costs (Note 15B)<br>**Utilization of:**<br>Restricted funds<br>Unrestricted funds|**Expenditure**<br>**on raising**<br>**funds**<br>**2025**<br>**£**<br>57,617<br>-<br>-<br>-<br>13,691<br>2,939<br>**74,247**<br>**-**<br>**74,247**<br>**74,247**<br>**Expenditure**<br>**on raising**<br>**funds**<br>**2025**<br>**£**<br>42,698<br>-<br>-<br>-<br>12,383<br>2,384<br>**57,465**<br>**-**<br>**57,465**<br>**57,465**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2025**<br>**£**<br>230,470<br>1,400,926<br>152,962<br>54,316<br>545,622<br>91,007<br>**2,475,303**<br>**49,316**<br>**2,425,987**<br>**2,475,303**<br>**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2025**<br>**£**<br>170,792<br>1,029,349<br>152,962<br>54,316<br>466,220<br>75,542<br>**1,949,181**<br>**49,316**<br>**1,899,865**<br>**1,949,181**|**Total**<br>**2025**<br>**£**<br>**288,087**<br>**1,400,926**<br>**152,962**<br>**54,316**<br>**559,313**<br>**93,946**<br>**2,549,550**<br>**49,316**<br>**2,500,234**<br>**2,549,550**<br>**Total**<br>**2025**<br>**£**<br>**213,490**<br>**1,029,349**<br>**152,962**<br>**54,316**<br>**478,603**<br>**77,926**<br>**2,006,646**<br>**49,316**<br>**1,957,330**<br>**2,006,646**<br>**Gr**<br>**Cha**|**Expenditure**<br>**on raising**<br>**funds**<br>**2024**<br>**£**<br>33,193<br>-<br>-<br>-<br>6,356<br>992<br>**40,541**<br>**133**<br>**40,408**<br>**40,541**<br>**Expenditure**<br>**on raising**<br>**funds**<br>**2024**<br>**£**<br>33,193<br>-<br>-<br>-<br>6,987<br>798<br>**40,978**<br>**191**<br>**40,787**<br>**40,978**<br>**oup**<br>**rity**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2024**<br>**£**<br>132,772<br>2,025,128<br>491,133<br>500,687<br>649,650<br>79,220<br>**3,878,590**<br>**270,146**<br>**3,608,444**<br>**3,878,590**<br>**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2024**<br>**£**<br>132,772<br>1,628,678<br>82,637<br>500,687<br>479,035<br>44,322<br>**2,868,131**<br>**270,088**<br>**2,598,043**<br>**2,868,131**|**Total**<br>**2024**<br>**£**<br>**165,965**<br>**2,025,128**<br>**491,133**<br>**500,687**<br>**656,006**<br>**80,212**<br>**3,919,131**<br>**270,279**<br>**3,648,852**<br>**3,919,131**<br>**Total**<br>**2024**<br>**£**<br>**165,965**<br>**1,628,678**<br>**82,637**<br>**500,687**<br>**486,022**<br>**45,120**<br>**2,909,109**<br>**270,279**<br>**2,638,830**<br>**2,909,109**|
|---|---|---|---|---|---|---|



|**15A Support Costs**<br>**Basis of apportionment**<br>Bank charges<br>Nature of expense<br>Office and administration staff<br>(Note 15C)<br>Pro-rata by expenditure<br>Exchange loss<br>Nature of expense<br>Depreciation<br>On the basis of use<br>Loss on disposal of fixed asset On the basis of use<br>Equipment repair expenses<br>On the basis of use<br>Hire prchase interest<br>On the basis of use<br>Insurance<br>Pro-rata by expenditure<br>IT and communication costs<br>Pro-rata by expenditure|**Expenditure**<br>**on raising**<br>**funds**<br>**2025**<br>**£**<br>-<br>6,095<br>-<br>-<br>-<br>-<br>-<br>479<br>7,117<br>**13,691**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2025**<br>**£**<br>108,184<br>188,753<br>10,374<br>2,688<br>-<br>-<br>380<br>14,846<br>220,397<br>**545,622**|**Total**<br>**2025**<br>**£**<br>**108,184**<br>**194,848**<br>**10,374**<br>**2,688**<br>**-**<br>**-**<br>**380**<br>**15,325**<br>**227,514**<br>**559,313**<br>**Gr**|**Expenditure**<br>**on raising**<br>**funds**<br>**2024**<br>**£**<br>-<br>2,959<br>-<br>-<br>-<br>-<br>-<br>206<br>3,191<br>**6,356**<br>**oup**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2024**<br>**£**<br>128,185<br>236,180<br>3,067<br>3,409<br>1,445<br>5,374<br>888<br>16,452<br>254,650<br>**649,650**|**Total**<br>**2024**<br>**£**<br>**128,185**<br>**239,139**<br>**3,067**<br>**3,409**<br>**1,445**<br>**5,374**<br>**888**<br>**16,658**<br>**257,841**<br>**656,006**|
|---|---|---|---|---|---|---|



|**Basis of apportionment**<br>Bank charges<br>Nature of expense<br>Office and administration staff<br>(Note 15C)<br>Pro-rata by expenditure<br>Exchange loss<br>Nature of expense<br>Depreciation<br>On the basis of use<br>Loss on disposal of fixed asset On the basis of use<br>Equipment repair expenses<br>On the basis of use<br>Hire purchase interest<br>On the basis of use<br>Insurance<br>Pro-rata by expenditure<br>IT and communication costs<br>Pro-rata by expenditure|**Expenditure**<br>**on raising**<br>**funds**<br>**2025**<br>**£**<br>-<br>5,226<br>-<br>-<br>-<br>-<br>-<br>469<br>6,688<br>**12,383**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2025**<br>**£**<br>70,451<br>165,621<br>272<br>2,688<br>-<br>-<br>380<br>14,856<br>211,952<br>**466,220**|**Total**<br>**2025**<br>**£**<br>**70,451**<br>**170,847**<br>**272**<br>**2,688**<br>**-**<br>**-**<br>**380**<br>**15,325**<br>**218,640**<br>**478,603**<br>**Cha**|**Expenditure**<br>**on raising**<br>**funds**<br>**2024**<br>**£**<br>-<br>2,248<br>-<br>-<br>-<br>-<br>-<br>295<br>4,444<br>**6,987**<br>**rity**|**Expenditure**<br>**on Charitable**<br>**Activities**<br>**2024**<br>**£**<br>78,742<br>124,881<br>1,645<br>3,409<br>1,445<br>4,781<br>888<br>16,363<br>246,881<br>**479,035**|**Total**<br>**2024**<br>**£**<br>**78,742**<br>**127,129**<br>**1,645**<br>**3,409**<br>**1,445**<br>**4,781**<br>**888**<br>**16,658**<br>**251,325**<br>**486,022**|
|---|---|---|---|---|---|---|



Page 25 



**ISHA FOUNDATION** 

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

## **15B Governance Costs** 

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

- No Trustee received any remuneration during the year (2024 - £nil). Trustees received reimbursement ofexpenses of £nil during the year (2024 - £nil). 

## **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. 

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