Registered number 08228677 The Yoga Healing Foundation Company Limited by Guarantee Report and Financial Statements 30 September 2024 Charity number: 1153094
The Yoga Heallng Foundatlon Report and financial ststements Contents Page Company infomiation Trustees annual report Independent examine¢s report Statement of financial activities (incorporating the income and expenditure account) Balance sheet 10 Statement of cash flows 11 Notes to the financial statements 12-16
The Yoga Hoaling Foundation Company Infomiation Registered charity name The Yoga Healing Foundation Charlty number 1153094 Company registration number 08228677 Trustees The trustees who served during ihe period were a5 follows.. Ms A Bhushan Mr S Braund Ms A Sadler Ms C D'arcy Independent Examiner Mr Matthew Porter FCA Haines Watts Enterprise House Timbrell stet Trowbridge BA14 8PL Bankers HSBC 15 Churchill Way Cardiff CF10 2HD Registered office 12 Spencer Drive Midsomer Norton Radsto¢k 8A3 2DN
The Yoga Healing Foundation Registsred number: 08228677 Charity number: 1153094 Trustees annual report For the year ending 30 Septsmber 2024 The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 30 September 2024. Structure* governance and management The charity is registered as a company limited by guarantee. Its charity number is 1153094. The company was in¢orporated on 25th September 2012 and obtained charitable status with effect from 9th June 2013. The trustees and teaching staff of the Yoga Healing Foundation work as volunteers for the charity and meet regularly to discuss progress and strategy. Objectives and actlvitle8 The objectives of the Charity are to protect. revive and disseminate original. undiluted and complete yogic knowledge (both theory and practice) in its purest fomi for the benefit of the public and public well-being in the UK and India We deliver Traditional Yoga courses that range from beginner to advanced, to facilitate progressive practice on the path of yoga. Our purpose is to promote the study and practice of traditional yoga, advancing the education of th8 public in its healing, preventative and therapeutic effects, and promoting the mental, physical and spiritual health of the public. To these ends the trustees have taken care to reference the guidelines issued by the Chariiy Commission. Yoga is the complete science of body and mind to establish health, happiness and peace. We value the preservation of standards in meditation teaching and our cours8s ground sludents in a dear understanding ofwhat they are practicing and why, in order to gain maximum benefit. The most significant benefits lo the public, arising from the Charity's aims and activities, are.. 1. Improved mental, physical and spiritual health, healing and development. All of lh8 Charity's aclivilies are directed for open access to evèryone wishing to participate in the study and practice of yoga, regardless of cultural background, belief systemlreligion, age or socioeconomic status. The Charity's programs cater to people of all levels of ability and experience, from complete beginners to advanced practitionerslteachers. The Charity aims to directly benefit those who are not 'traditional' participators of yoga and meditation. 2. An increased public awareness of the ancient Scien of yoga, in terms of both practice and theory, including the traditional values of yoga in its ¢ompleteness and in response to the growing commerciality and 'branding' of ancient yogic practices. 3. A revival of traditional knowledge (of both theory and practice) that is in danger of being forgotten, overlooked or lost. 4. An increased recognilion and awareness of the benefits of yoga and support for further research into these benefits and publication of the results. 5. The opportunity for a wider section of the publi¢ to have access to high quality teaching that covers the breadth and depth of traditional yoga practices (particularly guidance in meditation).
The Yoga Healing Foundation Registered number.. 08228677 Charity number: 1153094 Trustees annual report For the year endlng 30 September 2024 6. To provide (in the longer-tem) national coverage of fully trained (and under continuous development) 'approved' Yoga Healing Foundation l Traditional Yoga teachers, enhancing both public access (in geographic terms) but also the quality of education and teaching. We aim to provide wide access to the skilled guidance required to understand the deeper aspects of the yoga tradition and to be aware of its full breadth, particularly Raja Yoga (meditation). We believe that an awareness of the original philosophical and ethical context is fundamental lo a good understanding of yoga and meditation practice. We stay connected to the sour, the lineage and the values that are essential to maintain the purily of the original techniques and benefit from them fully. They are not adapted. modified or de¢ontexlualized, yel they are secular, systematiG and sGientific. Yoga teaches that the world is one family. Traditional Yoga welcomes all and does not discriminate on the basis of gender, race, age, sexual orientation, religion, SOCiO•economic status or nationality. We are committed lo providing equal opportunities to all and actively encourage wide participation. Yoga is a tradition that has been passed down through generations of teachers in India and many practi$ and techniques are as yet unknown in the Wesl and in mainstream yoga schools. Many of these practices are dying out and are increasingly difficult to access. Our aim is to proted the completeness of the yoga tradition and ensure that knowledge is not lost bul rather revived for th8 benefit of practitioners and teachers. We have an established connection to India. in order to guarantee its authenticity at source and as a means to safeguard the continuation of traditional knowledge in its original cultural setting for the benefit of future generations. We help to support the work of Yoga Healing Foundation India, with whom we have an established collaborative relationship. This collaboration aims to safeguard the continuation of high-quality traditional knowledge in its original cultural setting for the benefit of future generations and to tackle the rapidly growing level of lifestyle diseases in India. The volunteers of the Yoga Healing Foundation are guided by the yogic principle of Seva. Seva, translated as selfless seTvice is an important principle in the yoga tradition. It is based on the value of working for othèrs without expectation of personal reward. Kamia yoga, which means the 'path of action,, helps us to develop the qualities of acceptance. gratitude. helpfulness and generosity. Kamia yoga is described in Ihe Bhagvad Gita as "wisdom in work.. Their contribution is al the heart of the charity and enables our ongoing public seNi¢e. Their work includes teaching, coordinating courses and events, marketing, logistics, transcribing, proof reading. mentoring and general administration.
The Yoga Healing Foundation Registsred number: 08228677 Charfty number: 1153094 Trustees annual report Forthe year ending 30 Septsmber 2024 Achievements and performan¢e This financial year has seen the continued success of the online Yoga Teacher Training courses that began in response to the global pandemic. The impact of the online courses continues to exceed our original expectations and has continued to significantly increase public benefit through widening partlGipation with greater opportunities for elderly. isolated and disabled people to access the teaching through wider geographical reach, direct aGces5 to the expertise of Dr. Kumar who resides in India, and in offering a wider range of topics covered on courses and in greater depth. This wider range has included the teaching of therapeutic yoga (kaya chikitsal. and a growing range of breathing exercises (pranayamas), in addition lo rn0 in-depth coverage of nutrition and healthy lrfe-style advice. The Yoga lea¢her training courses spanning the financial year 23-24 have included three 4 month courses with in eX$S of 1500 studenls signing up for each course. The practice which began in 2021 to offer yoga teacher training courses free of charge has continued with every subsequent Course throughout the Current year, with participants encouraged to make a donation. The free courses encourage students on low incomes to participate and increase the diversity of participants on our courses, with students continuing to undertake these courses from across the world. Importantly, these courses continue to provide opportunities for those who have very little access to Yoga training opportunities. This continues to address one of our public benefit objectives. namely 'ihe opportunity for a wider section of the public to have access to high quality teaching that covers the breadth and depth of traditional yoga practices,. The support offered by The Yoga Healing Foundation for the online Yoga Teacher Training courses has been financial and administrative, with our U.K. based volunteers also contributing their teaching expertise lo guide and mentor students. In addition to charitable donation5 made to YHF India & YHF USA which looks after the course website and marketing, we have focused our supporl by paying for course related costs directly. A major proportion of our expenditure this year has been allocated to this and tc publicity and marketing costs This has enabled the online courses to reach individuals who are most well-suited for the very special training offered by Traditional Yoga and who are therefore most likely to draw the greatest benefit. Applicants from a diverse array of cultures, locations and socio-eGonomic backgrounds apply for the free training Coufses and are then selected via a qu8$1ionnaire and interview process. With a significant increase in student numbers, we have a150 committed to funding the design and adminislralion of the organisational IT systems that enable the smooth running of the training courses. There was on retreat held in the Himalayas attended by over 100 Students and one in Kamataka also attended by over 100 students, We supported these retreats by covering some of the accommodalion costs.
The Yoga Hèaling Foundation Registered number: 08228677 Charity number: 1163094 Trustses annual report For the year ending 30 September 2024 Future Plans Core aims and plan5 for the coming year and future periods include planning for increased capacity at the retreats in India and ongoing support for the Online TTC njn by Traditional Yoga in India. The Yoga Healing Foundation is committed to continue to facilitate the online Yoga Teacher Training Courses through marketing, infrastructure. administration and mentoring support. The policy to offer free courses will continue as will the rigorous application process and support for those enrolled. During 24-25 retreats are planned in Kamataka in South India and at Tabo monastery in the Himalayas. Provision is being made to be able to accommodate a greater number of students at each. The YHF UK intends to support these Yoga retreats directly by contribuling to accommodation costs.
The Yoga Healing Foundation Registered number: 08228677 Charity numbor: 1153094 Trustees annual report For the year ending 30 September 2024 Financlal Revlew The charity has raised over £140.000 in the year to 30 September 2024., a 4.6 /0 increase on the previous yeai. The main source of income has been through optional donations (80.4QAI that are used to fund the charity's aims and objectives. Other income sources indude redaimed tax on donations which are eligible for gift aid119.6 /). Analysis of expenditure shows that the charity spent £37,080123.98 /0) on course costs, £111,884 (72.34%) was donated to The Yoga Healing Foundation in India & America, £1,812 {1.20/0) was spent on g0Veman costs to include legal and accounting fees, insurance and training and 2.48% on other expenditure to include the design and printing of brochures, IT and communication, marketing and other adMinisttion costs. The low overheads for running the charity reflect the dedication of volunteers who continue to commit their time for free in order to support the charity and ensure that maximum funds can go lo support our ¢harilable aims. A significant proportion of the charity's voluntary donations are donated to The Yoga Healing Foundation in India and America with whom the Charity have an ongoing collaborative relationship and also to support bursaries. For the year ending September 2024, the total donated was £111,884, an increase of43.79V/o from the previous year. Trustees. responsibilities in relation to the financial statements The truslees {who are also directors of The Yoga Healing Foundation for the purposes of company law) are responsible for preparing the TSleeS, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expendilure, of the charitable company for that period. In preparing these finanGial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and 8Stirnat8S thal are reasonable and prudent., 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 conrn basis unless it is inappropriate to presume that the charitable company will Continue in operation.
The Yoga Healing FoundatTon Roglstered number: 08228677 Charfty number. 1153094 Trustees annual report For the year ending 30 September 2024 The trustees are responslble for keeping adequate accounting records that disclose with reasonable accuracy at any time the finandal posilton of the charitable company 8nd enable them to ensure that th8 financial ststements comply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking asonable $18ps for the prevenlion and detlion of fraud and other irregularities, ststement as to disclosure to our Independent Examiners In so far as the trustees are aware at IhE time of approving our trustee8' annual report.. there is no relevant Information, being information n88d8d by the examinef in connectlon wlth preparing their report, of which the charitable company's examiner is unaware., and the trustees ha¥e taken all steps that they ought to have taken to make themselves aware of any relevant infomialion and to establish that the examiner is aware of Ihat information. Thls report ha5 been prepared in accordance with the Statement of Recommended Praclice- Accounting and Reporting by Charities. Signed on behalf Df the tTUSte8s Anna Bhushan Truslee Dated.. to. ltr. b¥Z
The Yoga Healing Foundation Registered number: 08228677 Charlty number: 1153094 Independent examiner's report to the trustees of The Yoga Hoallng Foundation Charitable Company I'the Company'} I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024. Respective responsibllitles of trustees and examiner As the charity's twstees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under sects'on 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 39S of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Name: Mr Matthew Porter FCA Address: Haines Watts Enterprise House Timbrell Street Trowbridge BA14 8PL Date.. 22 April 2025
The Yoga Healing Foundatlon Statement of Financial Activities for the year ended 30 September 2024 Notes Unrestricted Total Funds Funds 2024 Total Funds 2023 Income: Donations and legacies 140,934 140,934 134,884 Total Income 140,934 140.934 134,884 Expenditure Cost of raising funds Expenditure on charitable activities GovemanGe costs 37,080 115.766 1,812 37,080 115,766 1,812 19,162 101,395 21.308 Total expendlture 154.658 154,658 141,865 Net of expendlture over Income and net movement in funds for the year (13.724) (13,724) {6,981) Reconciliation of funds Total Funds brought fOard 65,640 65,640 72,621 Total Funds carrled forward 51,916 51,916 65,640
The Yoga Hèaling Foundation Balance Sh•ot as at 30 September 2024 Notss 2024 2023 Flxed assets Tangible red 88sets Current assets Debtors Cash at bank and In hand 20.817 31,819 52,636 24,691 41.449 Creditors: amounts falllng due wlthln one year (no) (500) Net current usets 51.916 65.640 Total assets less current liabiliiios 51,916 65.640 Net a$50ts 51,916 Funds Unrestricted fvllds 51,916 65,840 Totsl Funds 51.916 65,640 The trustees are satisfied thal the company is entilled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audtt in accordance with sectton 476 oflhe The trustees acknowledge their reswjnsibililles for complying with the requirements of the Companies A¢1 2006 wlth re$pect to accounting ro¢ord8 and the preparation of a¢¢Dunls. The aount$ havÈ beeo prepared in accordan¢e with the provislons in Part 15 of the Companies Acl 2006 applicable to companies subject to the small Gompanies regime. These financial stalements were opproved by the trustees on..lQ...*.- 8 S behalf by: and slgned on their Ms A Bhushan Oirector Company Registratlon Number". 08228677 10
The Yoga Healing Foundation ststement of Cash Flows for the yoar ended 30 September 2024 Notes 2024 2023 Cash used in operating activities 10 (9,630) (22,301) Net increase in cash Cash at bank and in hand less overdrafts at 1 October 41,449 63,749 Cash at bank and in hand1088 overdrafts at 30 Septsmber 31,819 41,449 Consisting of: Cash at bank and in hand 31,819 31.819 41,449 41.449
The Yoga Healing Foundation Notes to the Accounts for the year ended 30 September 2024 1 Principle accounllng pollcles The principal accounting policies adopted in the preparation of the financial statements are set out below.. Basls ofpreparatlon The financial statements have been prepared on a going concern basis, under the historical cost Gonvention in accordance with Accounting and Reporting By Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Aci 2006. Fund A¢¢ounting Unreslri¢ted funds are available for use at the discretion of the tnjslees 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. Incoming Resources All incoming resources are included in the statement of financial activities when the charrty is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies ar8 applied to particular categories of income. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfonnan¢e by the charity, are recognised when the Charity becomes unconditionally entitled to the grant. Donated services and facilities are included at Ihe value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable. Incoming resources from charitable trading activity are accounted for when earned. Incoming resources from grants, where related to Performance and specific deliverable5, are accounted for as the charity eams the right to consideration by its performance. Resources expended Expenditure is recognised on an acLrual ba515 as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. Costs of generating funds comprises those costs associated with attracting voluntsry income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those Costs of an indirect nature necessary to support them. Goveman¢e costs include those costs associated with meeting the wnstitutional and statutory requirements of the charity and include the examinerfs fees and costs linked to the stralegic management of the ¢harity. 12
The Yoga Heallng Foundation Notes to the Accounts for thè year endèd 30 Septembèr 2024 All costs are allocated between the expenditure categories of the SOFA on a basis designed lo refiect the use of the resource. Cost5 relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Fixed assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to wiite off the cost of an asset. less its estimated residual value, over the useful economic lrfe of that asset as follows.. Equipment 200A reducing balance 2 Income Unrestricted Unre8tri¢ted Totsl Total 2024 2023 Donations and legacies Donations and legacies Gift aid claims 113,309 27,625 140.934 109,056 25,828 134,884 Income from Gharitable activities Course fees Trade sales Total Income 140.934 134,884 3 Analysis of Expenditure Unrestricted Unrestricted Totsl Totsl 2024 2023 Cost of ralslng funds: Cost of courses 37.080 37,080 19.162 19,162 13
The Yoga Healing Foundation Notes to the Accounts for the year ended 30 September 2024 2024 2023 Expenditure on charitable actlvlties Donations Project management and administration Insurance Bank ¢harges Advertising and marketing IT and communications 111,884 77.810 20,000 631 2,303 592 59 101,395 625 1,807 1,403 47 115,766 Governance costs Accountancy fees Legal Fees and consultancy 1,812 1.308 20,000 21,308 1,812 Total expenditure 154.658 141,865 4 Net IncomlngllOutgolng> resources for the year 2024 2023 This is stated after charging= DepCiatIon 5 Tangible fixed assets Equipment Cost At 1st October 2023 and 30th September 2024 5.734 Depreciation At 1st October 2023 Charge for the year At 30th September 2024 5,734 5,734 Net Book Value At 30 September 2024 At 30 September 2023 14
The Yoga Healing Foundation Notes to the Accounts for the year ended 30 September 2024 6 Debtors 2024 2023 Gift aid claims outstanding Prepayments and accrued income 15.817 5,000 20,817 19.641 5,050 24,691 7 Credltors: amounts falllng due wlthln one year 2024 2023 Accruals and defeed income 720 720 500 500 8 Movement in funds 30th September 2024 1st October Received in 2023 year Utilised in year Unrestricted funds General Funds 65,640 140,934 (154,658) 51,916 65,640 140,934 (154,658) 51,916 9 Employee information 2024 2023 Average number of employees Staff costs and emoluments Trustees infomiation No remuneration or expenses were paid to the trustees during the year. 15
The Yoga Healing Foundation Notes to the Accounts for the year ended 30 September 2024 10 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net Movement in funds (13,724) (6,981) Adjustments for.. (In¢rease)IDe¢rease in debtors Increasel(Decrease) in creditors 3.874 220 {15,820) 500 Net Cash used in operating activltles (9,630) <22,301) 11 Related party disclosures There were no related party transactions for the year. 12 Company Limited by Guarantee Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the Companvs assets if il should be wound up while sn)e is a member or within one year after slhe ceases to be a member, for payment of the Company's debts and liabilities conlracted before slhe ceases to be a member, and of the costs, Charges and expenses of winding up, and for the adjustment of the rights of the contributories th&mselves. 16