CHARITY REGISTRATION NUMBER: 1169252
HEART OF LIVING YOGA FOUNDATION Unaudited Financial Statements
31 August 2025
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 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
HEART OF LIVING YOGA FOUNDATION
Trustees' Annual Report (continued)
Year ended 31 August 2025
REPORT OF THE TRUSTEES FOR THE PERIOD 1st SEPTEMBER 2024 TO YEAR END 31st AUGUST 2025
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 2025. 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.
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HEART OF LIVING YOGA FOUNDATION
Trustees' Annual Report (continued)
Year ended 31 August 2025
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 and the sale of merchandise to raise funds. 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
Heart of Living Yoga Foundation’s projects are all running extremely well and are effectively supported by the local people. The trustees carefully consider the use of funds and that the Charity’s objectives are met. We are proud of the progress the school students make and continue to support their teachers with the equipment they need and improving their learning environments. Heart Festival 2025 took place within the Freezone Festival, which minimised expenses for the charity. It was a successful event. At the time of writing this report Heart Festival 2026 is being planned. Many training courses and retreats took place throughout the year, they are well supported and raise important funds for the charity’s work.
Sri Lanka
Padma Lokah
In January 2025 a donation was made to the IHE to buy food rations and supplies for the community at Padma Lokah in northern Sri Lanka. Food aid continues to be received by 34 elders and families and 18 women-led families who have children with special needs. These children now attend a special needs unit within the local school which requires the mothers to attend the school alongside their children. This means the mothers are unable to work and earn an income. The elders have no surviving children to help them. We also continue to support 10 university medical students with their studies. Heart of Living Yoga Foundation has initiated a vegetable growing project including seeds and fertiliser. This supports the
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HEART OF LIVING YOGA FOUNDATION
Trustees' Annual Report (continued) community with home grown food such as coconuts, lentils and beans and also teaches the children how to grow their own food for future food security. The village is enthusiastic about the project and continue Year ended 31 August 2025 to work well together.
The school project is waiting for curriculum guidance from the government and a new principal to settle in before the educational programme for grade 4 and 5 students can be restarted.
The rese
The research project in Trincomalee district to improve the health of young children suffering from malnutrition has been monitored by the government Department of Health and found to be successful. Our next step is to help these children catch up with their studies alongside their classmates.
India
The work of the after school club in Rishikesh is going very well, and we are delighted to be working in partnership with the Freedom Group and the Atma Seva Foundation to support not only the school, but also the children and their families in the slum community. With the help of the Freedom Group, we were able to respond with aid when families of the school were affected by dreadful flooding in September 2024. 250 ration packs, tarpaulins and medical supplies were sent to help families through a very difficult time. Sadly flooding again hit the area in August 2025. Heart of Living Yoga Foundation was able to again send ration packs and also fund much needed medical treatment.
The Freedom School’s new classroom in the school community is being well used after all the equipment and furniture needed was provided by donations from Heart of Living Yoga last year. Padma and a group from the Heart of Living Yoga community are scheduled to visit the school in November 2025. We will give details of their visit in the next annual report.
Yoga Teacher Training and UK Events
In the U.K. our teachers have been offering special Community Heart days for people and families suffering hard times and stress. Well attended days were offered directly to NHS workers in various locations across the UK and more have been asked for. Heart of Living Yoga Courses continue to run successfully being well supported, both online and in person, raising significant funds for the charity. More courses, residential retreats and travels are already planned for Autumn/Winter 2025 and for 2026.
Brazil
We continue to support the Mata Viva educational eco resource project in the Amazon where parties of school children go to learn about keeping the local rivers alive and flowing. The project has conserved the Agua Branca tributary to the River Amazon as the last living river in the area so this project is really important. A donation was made to help with maintenance, construction and to support the educational projects and a new installation of an integrated meliponary. These ‘stingless’ bees are directly responsible for up to 95% of the pollination of Amazonian trees.
We also continue to work with the ParaTi organisation in a large Favela in Rio de Janeiro, holding Community Heart Days bringing families together to share yoga, food and community. A donation was made for renovation works at the Children’s Centre including ceiling fans, a water pump and tap, two windows, tiles and the necessary materials and labour for the work needed in a class room where rain water was coming through the ceiling and to renovate the children’s outdoor play and sports area.
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HEART OF LIVING YOGA FOUNDATION
Trustees' Annual Report (continued)
At the school at Parque dos Tribos near Manaus, the new building is providing an excellent educational environment where children continue to learn about their own culture’s medicinal use of local plants and Year ended 31 August 2025 many different aspects of their own artistic and musical culture as well as the normal educational curriculum. A donation was made this year towards the installation of a solar power system in order to power an air conditioning unit which was donated to the school. The solar power enables the school to be independent and to have no energy bills.
Achievements against objectives
Projects in Sri Lanka, India, Brazil, USA and U.K. are well established, supported and delivered by local people and are adapting to local needs and global events. Heart of Living Yoga Foundation's work
Continues to grow with teacher training, courses and events, particularly Heart Festival, taking place and planned for the UK. We have been able to respond quickly to immediate need and also plan ahead to continue to support projects ongoing.
The charity is registered with the UK Information Commissioner’s Office (ICO) and also has a UK registration certificate for Data Protection.
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 or Trustees Meeting by existing Trustees. All trustees have remained in post through the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The founder and first trustee Rev. Padma Devi Sumananda is Chairperson. There are additionally now six 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 many 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 (IHE), Ridgeway Place, Colombo 4, Sri Lanka and Heart of Living Yoga Foundation.
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HEART OF LIVING YOGA FOUNDATION
Trustees' Annual Report (continued)
Also with the Heart of Living Yoga (India) Foundation based in Rishikesh, a not-for-profit company with Indian Directors. Year ended 31 August 2025
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 A Bore Company Secretary C Weil
Independent examiner
Stephen Arnold F.M.A.A.T AAT Licensed Accountant ..........................................
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HEART OF LIVING YOGA FOUNDATION
Independent Examiner's Report to the Trustees of HEART OF LIVING YOGA FOUNDATION
Year ended 31 August 2025
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 2025.
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 2025.
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
20 March 2026
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HEART OF LIVING YOGA FOUNDATION
Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2025 | 2024 | |
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | Total funds | |
| Note | £ | £ | £ |
| INCOME FROM | |||
| Donations and charitable activities | 89,326 | 89,326 | 102,343 |
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| Total income | 89,326 | 89,326 | 102,343 |
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| Expenditure | |||
| EXPENDITURE ON Charitable activities Yoga activities | 92,034 | 92,034 | 111,610 |
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| Total expenditure | 92,034 | 92,034 | 111,610 |
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| Net expenditure and net movement in funds | (2,708) | (2,708) | (9,267) |
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| Reconciliation of funds | |||
| Total funds brought forward | 32,222 | 32,222 | 41,489 |
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| Total funds carried forward | 29,514 | 29,514 | 32,222 |
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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 11 to 14 form part of these financial statements.
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HEART OF LIVING YOGA FOUNDATION
Statement of Financial Position
31 August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Stocks | 6 | 500 | 500 |
| Cash at bank and in hand | 29,514 | 32,222 | |
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| 30,014 | 32,722 | ||
| Creditors: amounts falling due within one year | 7 | 500 | 500 |
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| Net current assets | 29,514 | 32,222 | |
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| Total assets less current liabilities | 29,514 | 32,222 | |
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| Net assets | 29,514 | 32,222 | |
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| Funds of the charity | |||
| Unrestricted funds | 29,514 | 32,222 | |
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| Total charity funds | 8 | 29,514 | 32,222 |
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These financial statements were approved by the board of trustees and authorised for issue on 20 March 2026, and are signed on behalf of the board by:
A Bore Trustee
Rev P Sumananda Trustee
Alan Bore
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HEART OF LIVING YOGA FOUNDATION
The notes on pages 11 to 14 form part of these financial statements.
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HEART OF LIVING YOGA FOUNDATION
Notes to the Financial Statements
Year ended 31 August 2025
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 14 Cleaveland Rise, Ogwell, Newton Abbot, Devon, TQ12 6FF, 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.
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HEART OF LIVING YOGA FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 August 2025
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:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Grants to institutions | ||
| Grants to institutions | 39,717 | 28,101 |
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| Total grants | 39,717 | 28,101 |
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HEART OF LIVING YOGA FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 August 2025
| 5. | Independent examination fees | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial statements | 500 | 500 | ||||
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| 6. | Stocks | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Finished goods and goods for resale | 500 | 500 | ||||
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| 7. | Creditors: amounts falling due within one year | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Accruals and deferred income | 500 | 500 | ||||
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| 8. | Analysis of charitable funds | |||||
| Unrestricted funds | ||||||
| At | At | |||||
| 1 September | 31 August | |||||
| 2024 | Income | Expenditure | 2025 | |||
| £ | £ | £ | £ | |||
| General funds | 32,222 | 89,326 | (92,034) | 29,514 | ||
| At | At | |||||
| 1 September | 31 August | |||||
| 2023 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| General funds | 40,855 | 102,343 | (110,976) | 32,222 | ||
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HEART OF LIVING YOGA FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 August 2025
9. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Current assets | 30,014 | 30,014 |
| Creditors less than 1 year | (500) | (500) |
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| Net assets | 29,514 | 29,514 |
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| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Current assets | 32,722 | 32,722 |
| Creditors less than 1 year | (500) | (500) |
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| Net assets | 32,222 | 32,222 |
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10. Related parties
- Related party disclosures
During the year the charity paid grants totalling £ 39,717
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HEART OF LIVING YOGA FOUNDATION
Year ended 31 August 2025
Management Information
The following pages do not form part of the financial statements.
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HEART OF LIVING YOGA FOUNDATION
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| INCOME FROM | ||||
| Donations and charitable activities | ||||
| Donations | 14,906 | 12,194 | ||
| Event contributions received | 74,420 | 43,957 | ||
| Yoga Teacher Training income received | – | 46,192 | ||
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| 89,326 | 102,343 | |||
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| Total income | 89,326 | 102,343 | ||
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| EXPENDITURE ON Charitable activities Yoga activities | ||||
| Activity type 1 | ||||
| Activities undertaken directly | ||||
| Events | 26,014 | 56,636 | ||
| Print, Postage & stationery | 773 | 1,669 | ||
| Yoga Teacher Training | 20,024 | 14,766 | ||
| Computer & IT | 199 | 1,279 | ||
| Travel expenses | 3,652 | 5,730 | ||
| Grants to Institutions | 39,717 | 28,101 | ||
| Accountancy fees | 716 | 715 | ||
| Professional fees | 699 | 361 | ||
| Bank charges | 240 | 687 | ||
| Marketing | – | 721 | ||
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| 92,034 | 110,665 | |||
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| Grant funding activities | ||||
| Happy Schools - Yoga Teaching | – | 945 | ||
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| EXPENDITURE ON Charitable activities Yoga activities | 92,034 | 111,610 | ||
| Net expenditure | (2,708) | (9,267) |
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