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2021-08-31-accounts

CHARITY REGISTRATION NUMBER: 1169252

HEART OF LIVING YOGA FOUNDATION Unaudited Financial Statements

31 August 2021

ARNOLD ACCOUNTING & BOOKKEEPING SERVICES LTD

AAT Licensed Accountant 23 Branwell Close Christchurch Dorset England BH23 2NP

HEART OF LIVING YOGA FOUNDATION

Financial Statements

Year ended 31 August 2021

Page
Trustees' annual report 1
Independent examiner's report to the trustees 5
Statement of financial activities 6
Statement of financial position 7
Notes to the financial statements 8
The following pages do not form part of the financial statements
Detailed statement of financial activities 13

30 May 2022

REPORT OF THE TRUSTEES FOR THE PERIOD 1[ST] SEPTEMBER 2020 TO YEAR END 31[ST] AUGUST 2021 FOR HEART OF LIVING YOGA FOUNDATION

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of 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 2015).

OBJECTIVES AND ACTIVITIES

The main objective of the foundation is to advance the education of the public in the subject of Yoga. To promote education (including social and physical training) in Sri Lanka, India, Brazil, USA and the UK.

The prevention or relief of poverty in Sri Lanka, India, Brazil, USA and the UK by providing or assisting in the provision of Education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient according to yogic principles.

The promotion of religious harmony for the benefit of the public by promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths.

To promote human rights (as set out in the Universal Declaration of Human Rights and subsequent United Nations conventions and declarations) throughout the world by relieving need among the victims of Human Rights abuse.

The main activities of the foundation are the awarding of scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education.

Providing education (including the study of yoga, handicrafts or other arts), to undertake travel in furtherance of that education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment.

To assist (in such ways as the charity trustees think fit) any charity in Sri Lanka, India, Brazil, USA and the UK whose aims include advancing education by developing mental, physical and moral capabilities through yoga and adjunctive leisure time activities.

Public Benefit

The trustees are mindful of the requirements for meeting the public benefit test.

For the public benefit in particular but not exclusively by teaching yoga, by training new teachers, and by providing further teacher training.

For the public benefit in particular but not exclusively by making grants to assist any charity in Sri Lanka, India, Brazil and the UK whose aims include advancing education by developing mental, physical and moral capabilities through yoga and adjunctive leisure time activities.

For the public benefit in particular but not exclusively by working to prevent and relieve poverty in Sri Lanka, India, Brazil, USA and the UK by making grants to other charitable bodies that (a) work for the relief of poverty through providing education (b) work toward the relief of trauma & special needs by therapeutic interventions including yoga (c) by providing community facilities for racial & religious harmony, if it is felt this satisfies such criteria.

Policy on Grantmaking

Our criteria are that:

1/ Grants may be awarded at the discretion of the trustees for scholarships and/or maintenance allowances or grants tenable at any university, college or institution of higher or further education.

2/ Grants may be awarded at the discretion of the trustees to any charity in Sri Lanka, India, Brazil and the UK whose aims include advancing education by developing mental, physical and moral capabilities through yoga and adjunctive leisure time activities.

3/ Grants may be awarded at the discretion of the trustees to provide education (including the study of yoga, handicrafts or other arts), to undertake travel in furtherance of that education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment.

4/ Any Grants awarded may include provision for necessary emergency relief of any type to the beneficiaries and their families and others with whom they are associated and who assist with their education through one of Heart of Living Yoga Foundations projects.

Contribution made by Volunteers

Volunteers assist with fundraising activities including the donation of meditation/music CDs and downloads (via the charity’s website) and organising events.

Volunteers co-ordinate the running and administration of the HOLY website including the production and distribution of e- newsletters and information.

Volunteers give education in yoga and other projects to children and adults in the UK, Sri Lanka, India, Brazil and the USA. The Trustees may ask for volunteer help for specific tasks and may offer to pay accommodation and transport expenses.

ACHIEVEMENT AND PERFORMANCE

During 2020 and 2021 the effects of the global pandemic Covid-19 continued to impact on all of Heart of Living Yoga Charity’s work in the U.K., Sri Lanka, Brazil, India and USA. The Charity has adapted and responded to these challenges.

The Sunshine School in Sri Lanka

The Sunshine School has been on hold during the pandemic while schools have been closed.

Elders Wisdom club and families in need in Sri Lanka

The Elders Breakfast Club is continuing to support 35 elders and 40 families in one village in the north and 22 families in the Trincomalee district with monthly food supplies. The Covid pandemic has hit the area very badly.

In September 2020 in our village near Killinochchi in the north of Sri Lanka, 95 people received cooked meals and 76 families received food supplies each month. Deliveries are made to the elderly, disabled people and anyone who were too sick to attend in person.

At Padmalokah, the fencing of land has begun as the first step towards growing food.

Children & Adults with Special Needs in North Sri Lanka

In the north-east of Sri-Lanka a new project has started for day care for children with special needs. Our Charity is offering support, both financial and advice. We have let them know that we are unable to pay salaries as we cannot guarantee the continuity of them. The Holistic SEN foundation is still active in the area and, although Rev. Padma is involved with that, it is separate from Heart Of Living Yoga. The Sri Lankan teachers, midwives and yoga teachers who were originally trained by Heart Of Living Yoga and H.S.E.N. have now run a training course for local professionals and parents to enable them to share yoga with children who have special needs and their families, although Covid has affected the continuity of this. It is always our aim to support and enable trainings to be carried out by the local community itself so they become culturally appropriate.

Education in India

During the Covid pandemic there has been no charitable activity in India. To feed children and families during the pandemic a donation of £2000 was made to Mother Miracle, India.

Pine Ridge Reservation

Pine Ridge Reservation in South Dakota, USA, is home to the Oglala Lakota nation. There is deep poverty there and the reservation has been struck by a number of natural disasters in recent years including flooding, blizzards and a severe cyclone as well as devastating consequences from the Covid pandemic.

Heart of Living Yoga Foundation have been asked by community leaders to provide online support, contact and training to those in the community who request it. Trustees approved a budget for this project and also offered a free of charge online course for members of the community to train as meditation facilitators. Many Heart of Living Yoga Trainers and Facilitators gave their time and support voluntarily for this.

Yoga Teacher Training

Heart of Living Yoga Teacher Training courses and events continued to take place successfully online using Zoom facility and the Internet.

Brazil

We continue to support three projects to help children with the help of Ivan Deniz who is based in Brazil and Andyara Prem Devi who is currently based in the UK.

  1. A children's home near Alto Paraiso that is run by the Paulo de Tarsus group looks after many children and babies whose families are in crisis and unable to look after them temporarily and perhaps permanently. Our local volunteers led by Ivan is staying in close contact with Dona Romilda, the manager, and her team to give them all the support we can and to help them become sustainable as they move into what looks like a challenging future in Brazil. In December 2020, Heart of Living Yoga Foundation aided by a local bus company and fire truck, were able to provide food and gifts for the 200 children in the home.

  2. Jhenifer's Library – Jhenifer continues to gather books for the benefit of the local children and villagers and after school lessons have begun. Construction is underway for the library building that will house the books and provide a space for the

children’s lessons and schoolwork. A laptop has been provided and an internet connection is now available via mobile phone which has enabled us to provide the children with online English and yoga classes, at their request.

  1. Tribal School project is further north in the Manaus area of the Amazon rainforest. Many tribes have come together to live on the edge of the forest, from which they are being squeezed. One amazing woman, Claudia Barre, has brought all the different tribes together who all speak a different language and she has created a School for the tribal children. The community has suffered greatly from the Covid pandemic and it took some time to be able to get much needed resources to the area. Heart of Living Yoga Foundation were able to send food and supplies including a projector and printer for the tribal school.

Happy Schools Project in the UK

The Happy Schools project to deliver yoga teaching into 5 primary and 2 secondary schools over a 6 month period, initially funded by a successful Lottery award of £9,900, is almost completed. There is a small amount of funding to be used up when schools are able to fit the training sessions into their timetables after the disruption of the Covid pandemic.

Achievements against objectives

Projects in Sri Lanka, India, Brazil, USA and U.K. are supported and delivered by local people and are established, in progress and are adapting to local needs and global events. Heart of Living Yoga Foundation's work has continued despite the devastating effects of the Covid pandemic.

FINANCIAL REVIEW

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a CIO Foundation Constitution, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees volunteer and are approved at an AGM by existing Trustees. In September 2020 a new trustee, Joanne Jaclyn Loake, joined the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The founder and first trustee Rev. Padma Devi Sumananda is Chairperson. There are a further five Trustees. Heart of Living Yoga Foundation is supported by many volunteers, teachers and friends.

Rev. Padma Devi Sumananda has been working in Sri Lanka for the past 12 years, working closely with local N.G.O's and government agencies.

Stephen Arnold of Arnold Accounting & Bookkeeping Services Ltd , 23 Branwell Close, Christchurch, Dorset, England BH23 2NP prepares the Financial Reports.

Related parties

A Memorandum of Understanding exists between the Institute of Human Excellence, Ridgeway Place, Colombo 4, Sri Lanka and Heart of Living Yoga Foundation.

Also with the Heart of Living Yoga (India) Foundation based in Rishikesh, a not-for-profit company with Indian Directors.

Other charitable bodies with similar aims as Heart of Living Yoga Foundation may be selected at the sole discretion of the trustees by using the criteria in our governing document.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE007875 (England and Wales) Registered Charity number

1169252

Registered office

14 Cleaveland Rise Ogwell Newton Abbot Devon TQ12 6FF

Trustees

A Estermann Rev P Sumananda H Sumananda R Weil C Weil J Loake

Company Secretary

C Weil

Independent examiner Stephen Arnold F.M.A.A.T. AAT Licensed Accountant 23 Branwell Close Christchurch

Dorset

BH23 2NP

Padma Sumananda (May 30, 2022 17:18 GMT+1)

Approved by order of the board of trustees on..30 May 2022..and signed on its behalf by:………………………………………………….

Rev P Sumananda—Chairperson

HEART OF LIVING YOGA FOUNDATION

Independent Examiner's Report to the Trustees of HEART OF LIVING YOGA FOUNDATION

Year ended 31 August 2021

I report to the trustees on my examination of the financial statements of HEART OF LIVING YOGA FOUNDATION ('the charity') for the year ended 31 August 2021.

Responsibilities and basis of report

Independent examiner's report to the trustees of Heart of Living Yoga Foundation('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.

As the charity’s trustees 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

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 section 145(5) (b) of the 2011 Act.

Independent examiner'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 396 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 applicable 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

Stephen Arnold F.M.A.A.T AAT Licensed Accountant Independent Examiner

23 Branwell Close Christchurch Dorset England BH23 2NP

.......................

30 May 2022

Stephen Arnold F.M.A.A.T Date

5

HEART OF LIVING YOGA FOUNDATION

Statement of Financial Activities

Year ended 31 August 2021

2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
INCOME FROM
Donations and charitable activities 40,813 40,813 51,276
   
Total income 40,813 40,813 51,276
   
Expenditure
EXPENDITURE ON Charitable activities
Yoga activities 36,129 505 36,634 46,995
   
Total expenditure 36,129 505 36,634 46,995
   
   
Net income and net movement in funds 4,684 (505) 4,179 4,281
   
Reconciliation of funds
Total funds brought forward 43,871 1,251 45,122 40,841
   
Total funds carried forward 48,555 746 49,301 45,122
   

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 12 form part of these financial statements.

6

HEART OF LIVING YOGA FOUNDATION

Statement of Financial Position

31 August 2021

2021 2020
(restated)
Note £ £
Current assets
Stocks 6 898 926
Debtors 7 751 751
Cash at bank and in hand 48,496 43,945
 
50,145 45,622
Creditors: amounts falling due within one year 8 844 500
 
Net current assets 49,301 45,122
 
Total assets less current liabilities 49,301 45,122
 
Net assets 49,301 45,122
 
Funds of the charity
Restricted funds 746 1,251
Unrestricted funds 48,555 43,871
 
Total charity funds 9 49,301 45,122
 

These financial statements were approved by the board of trustees and authorised for issue on 30 May 2022, and are signed on behalf of the board by:

Padma Sumananda (May 30, 2022 17:18 GMT+1)

Rev P Sumananda Trustee

A Estermann Trustee

The notes on pages 12 to 15 form part of these financial statements.

7

HEART OF LIVING YOGA FOUNDATION

Notes to the Financial Statements

Year ended 31 August 2021

1. Income and endowments from

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 40A NAESBY ROAD, BOURNEMOUTH, DORSET, BH9 1SR, ENGLAND.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

8

HEART OF LIVING YOGA FOUNDATION

Notes to the Financial Statements (continued)

Year ended 31 August 2021

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Analysis of grants

2021 2020
(restated)
£ £
Grants to institutions
Grants to institutions 20,854 16,951
 
Total grants 20,854

16,951


9

HEART OF LIVING YOGA FOUNDATION

Notes to the Financial Statements (continued)

Year ended 31 August 2021

5. Independent examination fees

2021 2020
(restated)
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 500 500
 
6. Stocks
2021 2020
(restated)
£ £
Finished goods and goods for resale 898 926
 
7. Debtors
2021 2020
(restated)
£ £
Other debtors 751 751
 
8. Creditors: amounts falling due within one year
2021 2020
(restated)
£ £
Trade creditors 344
Accruals and deferred income 500 500
 
844 500
 
9. Analysis of charitable funds
Unrestricted funds
Unrestricted funds
At At
1 September 31 August 20
2020 Income Expenditure 21
£ £ £ £
General funds 43,871 40,813 (36,129) 48,555
   
At At
1 September 31 August 20
2019 Income Expenditure 20
£ £ £ £
General funds 37,230 51,276 (44,635) 43,871
   

10

HEART OF LIVING YOGA FOUNDATION

Notes to the Financial Statements (continued)

Year ended 31 August 2021

9. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At At
1 September 31 August 20
2020 Income Expenditure 21
£ £ £ £
Big Lottery - Happy Schools Project 1,251 (505) 746
   
At At
1 September 31 August 20
2019 Income Expenditure 20
£ £ £ £
Big Lottery - Happy Schools Project 3,611 (2,360) 1,251
   

10. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Current assets 48,854 1,291 50,145
Creditors less than 1 year (844) (844)
  
Net assets 48,010 1,291 49,301
  
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Current assets 44,462 1,160 45,622
Creditors less than 1 year (500) (500)
  
Net assets 43,962 1,160 45,122
  

11. Related parties

During the year the charity paid grants totalling £20,854: £12,687 to the Instituto Caminho DO Meio Brazil; £3,500 to the Institute of Human Excellence in Sri Lanka; £ 2,000 to the Fundacao Amazonas in Brazil; £2,000 Covid 19 Help Brazil; £210 to the T.E.A. Project Sri-Lanka;£456 Brazil Sunshine School; £2,000 Mother Miracle India.

11

HEART OF LIVING YOGA FOUNDATION

Year ended 31 August 2021

Management Information

The following pages do not form part of the financial statements.

12

HEART OF LIVING YOGA FOUNDATION

Detailed Statement of Financial Activities

Year ended 31 August 2021

HEART OF LIVING YOGA FOUNDATION
Detailed Statement of Financial Activities
Year ended 31 August 2021
2021 2020
£ £
INCOME FROM
Donations and charitable activities
Donations 7,601 14,657
Event contributions received 33,212 36,619
 
40,813 51,276
 
 
Total income 40,813 51,276
 
EXPENDITURE ON Charitable activities Yoga activities
Activity type 1
Activities undertaken directly
Direct charitable activity 1 - opening stock 926
Events 1,084 5,868
Direct charitable activity 1 - closing stock (898)
Print, Postage & stationery 274 89
CD Production 602 906
Yoga Teacher Training 11,690 19,450
Computer & IT 842 577
Travel expenses 61
Grants to Institutions 20,854 16,951
Accountancy fees 500 500
Bank charges 256 233

36,130 44,635
 
Grant funding activities
Happy Schools - Yoga Teaching 505 2,359
 
 
EXPENDITURE ON Charitable activities Yoga activities 36,635 46,994
 
 
Net income 4,178 4,282
 

13

HOLY Accounts YE 31 August 2021 V3b

Final Audit Report

2022-05-30

Created: 2022-05-30 By: Stephen Arnold (stephen@arnoldaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAIHif4MvZpZ2vejaP64JAEIldqZrVCh4i

"HOLY Accounts YE 31 August 2021 V3b" History

Document created by Stephen Arnold (stephen@arnoldaccounting.co.uk)

2022-05-30 - 3:32:56 PM GMT- IP address: 51.219.28.7

Document emailed to Padma Sumananda (revpadma@gmail.com) for signature

2022-05-30 - 3:33:53 PM GMT

Email viewed by Padma Sumananda (revpadma@gmail.com)

2022-05-30 - 4:14:28 PM GMT- IP address: 66.249.93.91

Document e-signed by Padma Sumananda (revpadma@gmail.com)

Signature Date: 2022-05-30 - 4:18:18 PM GMT - Time Source: server- IP address: 188.140.13.223

Agreement completed.

2022-05-30 - 4:18:18 PM GMT