Trustees’ Annual Report for the period
From 01/01/2021 Period start date To 31/12/2021 Period end date
Charity name: Lumi Foundation
Charity registration number: 1172800
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of health for the public benefit by providing practices of yoga to individuals and communities in England who would otherwise not have access to yoga by reasons of age, ill-health, disability, financial hardship or other disadvantage. “Practices of Yoga” means: 1) Physical asana (yoga) exercises, 2) Meditation and mindfulness practices, and 3) Philosophical/ personal inquiry. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Lumi Foundation delivers free and low cost yoga and meditation classes and programmes to a wide range of groups, predominantly in West London, including: • People on low income (partnering with Community Champion projects including Masbro Centre, White City Community Centre, West Gibbs estate, The Peabody Trust, Dalgarno Trust and Riverside Studios) • Disabled adults and children (Action on Disability, Log Cabin) • Elderly groups (AgeUK, South London Cares, Manchester Cares and council projects) • Adults with ill health (Maggie’s UK) |
| Lumi Foundation works with partner organisations with demand for yoga and provides accessible and adaptable classes at locations that suit the practitioners. We also provide online yoga classes and programmes directly to our beneficiaries. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees consider these activities to be aligned with the Charity’s objectives as set out in its governing document. Furthermore, the trustees can declare that they have had due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which theguidance is relevant. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During 2021, Lumi Foundation delivered classes to 9,963 people with 15 teachers teaching regular weekly classes. This year, as the world started to open up again after the lockdowns caused by the Covid-19 pandemic, Lumi Foundation started to deliver more classes in person, as well as continuing to host some classes on livestream. During the year, Lumi Foundation provided 19 in-person classes and 15 livestream classes. Below is a list of the classes provided during the year. Partner: Community Champions 35 classes in person for the community at White City Community Centre; 45 livestream classes and 25 in person classes for Masbro Centre; 52 livestream classes for West Gibbs Community Centre Aim: increase mobility and health and create connection in communities to combat loneliness and isolation Partner: The Peabody Trust 20 pregnancy yoga classes and 57 chair yoga classes delivered in person at Old Oak Community Centre Aim: create strong communities and opportunities for connection as well as improving health and mobility Partner: Action on Disability 9 in person classes Aim: to increase mobility, general health and create connections through delivery of mat and chair yoga for disabled and vulnerable young people Partner: Maggie’s Southampton 68 classes chair and mat yoga classes for cancer patients, delivered on livestream Aim: to improve general health, practice mindfulness and create a strong community Partner: Maggie’s London 102 chair and mat yoga classes for cancer patients, delivered on livestream Aim: to improve general health, practice mindfulness and create a strong community Partner: Age UK 72 chair and mat yoga classes for the elderly (over 55 years) delivered in person |
|---|---|---|
Aim: to increase mobility, improve general health, and encourage connection Partner: Dalgarno Trust (Iraqi Women’s League) 5 mat and chair yoga classes delivered on livestream Aim: to improve general health, practice mindfulness and share a fun activity Partner: Log Cabin 31 mat classes in person for keyworkers working with children with various disabilities Aim: to improve general health, practice mindfulness and relax Partner: London Borough of Hammersmith & Fulham council (Regeneration, Planning & housing services) 6 chair yoga classes at Malvern Court for the Elderly Aim: to improve general health, practice mindfulness and bring the community together Partner: South London Cares 11 chair yoga classes on livestream Aim: to maintain mental awareness and mobility for the elderly and their befrienders Partner: Manchester Cares 4 chair yoga classes on livestream Aim: to maintain mental awareness and mobility for the elderly and their befrienders Partner: Riverside Studios 32 in person mat classes 5 in person chair yoga classes 50 livestream mat yoga classes 12 livestream classes for children Aim: to improve general health, reduce stress, build local community and connection Partner: Imperial College 21 livestream classes for employees Aim: to improve general health, practice mindfulness and create connection Partner: Hammersmith United Charities residential units 10 chair yoga classes for residents at Sycamore House and 5 chair yoga classes for residents at John Betts House Aim: to introduce an activity for the residents to enjoy together, while improving their physical and mental health Partner: Cobham Community Centre
| 16 yoga classes for the elderly and 26 yoga |
|---|
| classes for adults with learning disabilities |
| and their carers |
| Aim: to introduce a physical practice to |
| enjoy and build community and connection |
| Livestream classes provided independently |
| of partners for the community: |
| 43 mat yoga classes on Thursdays |
| 51 chair yoga classes on Fridays |
| 51 mat yoga classes on Saturdays |
| 51 yin yoga classes on Sundays |
| EVENTS AND FUNDRAISING |
| Lumi Foundation continued to build |
| awareness of its services and raise funds |
| through several events including: |
| Three online livestream Yin |
| fundraising workshops in Spring, |
| Summer and November 2021 |
| The Foundation ran an online |
| programme of 40 Days to Personal |
| Revolution and invited donations |
| from participants |
| In October 2021 Foundation yogis |
| took part in a sponsored event, 108 |
| Sun Salutations |
| Festive Flow Dec 2021 – including a |
| fundraising raffle with prizes |
| donated to the Foundation by local |
| businesses and individuals |
| OPERATIONS ADMINISTRATION |
| To protect the health and safety of teaching |
| staff and participants in our classes and |
| programmes, all in-person classes and |
| programmes were carried out in |
| accordance with our Covid-19 guidelines, |
| which were prepared in line with |
| Government guidance. During the |
| lockdown in January-March 2021, classes |
| were transitioned online. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the 2021 financial year Lumi Foundation’s net assets were £24,794. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserve funds are held to deliver free and low-cost services and are also held as a buffer for unforeseen expenditure. |
| Amount of reserves held | Para 1.22 | Balance at the end of 2021 - £24,794 of which cash £23,629 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Principal sources of funding include payments from partner organisations, grants and donations from individuals and organisations including Lumi Power Yoga. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g. unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Elected by charity trustees |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Lumi Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1172800 |
| Charity’s principal address | 121 King Street London W6 9JG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Ari Iso-Rautio | Chair | |||
| Elina Iso-Rautio | ||||
| Elizabeth Powell | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Lumi Foundation
Charity Accounts Registration Number 1172800
Financial Year
Start date: 1st January 2021 End date: 31st December 2021
Lumi Foundation
Contents Page
For the financial year ended 31st December 2021
| Charity Information | 3 |
|---|---|
| Accountants' Report | 4 |
| Profit and Loss | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statement | 7 |
| Detailed Profit and Loss | 8 |
2
Lumi Foundation
Charity Information For the financial year ended 31st December 2021
Charity Address 121 King Street London W6 9JG Trustees Mr Ari Iso-Rautio Mrs Elina Iso-Rautio Ms Elizabeth Powell Accountant Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane E20 3BS
3
Lumi Foundation Accountants, Report For the financial year ended 31st December 2021 We have prepared the accounts lor the financial year ended 31st December 2021. In accordance with your instruction5 we have generated this set of accounts using the Informalion and accounting records provided by you Gain5 Accountants Queen Elizabeth Olyrnpic Park Plexal, 14 East 8ay Lane É20 3BS 14th July 2022 Client Approval CertSflcate l approve these accounts and I confirm that all relevant records and information have been made alèilablp in their preparation. IAr Ari I'.o-Rautio
Lumi Foundation
Profit and Loss
For the financial year ended 31st December 2021
| Notes Turnover Cost of Sales Gross Profit Adminstrative Expenses Operating Profit Profit for the financial year |
2021 £ 43,105 (48,148) |
|---|---|
| (5,043) (1,318) |
|
| (6,361) (6,361) |
5
Lumi Foundation
Balance Sheet
For the financial year ended 31st December 2021
| Notes Fixed assets Tangible fixed assets 2 Current assets Debtors 3 Cash at bank and in hand Creditors: amount falling due within one year Net current assets Total assets less current liabilities Net assets Capital Account Net profit Retained earnings |
2021 £ - - 1,685 23,629 25,314 - 25,314 (520) |
|---|---|
| 24,794 (6,361) 31,155 24,794 |
6
Lumi Foundation
Notes to the Financial Statement
For the financial year ended 31st December 2021
1. Accounting Basis
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard (FRS 102) and with the Charties Act 2011.
2. Tangible fixed assets
| Cost or Valuation At 1st January 2021 Additions Disposals At 31st December 2021 Depreciation At 1st January 2021 Charge for the year - 25% on Straight line basis Disposals At 31st December 2021 Net book values At 31st December 2021 At 31st December 2020 3. Debtors Trade debtors |
2021 £ 2,310 - - 2,310 2,117 193 - 2,310 - 193 2021 £ 1,685 |
|---|---|
7
Lumi Foundation
Detailed Profit and Loss
For the financial year ended 31st December 2021
| Turnover Donations Grants Class Fees Cost of sales Teachers & Coordinator wages Management wages Fundraising events costs Gross Profit Administrative Expenses Advertising and Marketing Audit & Accountancy fees Depreciation General Expenses Insurance Operating Profit Profit on ordinary activities before taxation Profit for the financial year |
2021 2020 £ £ 6,039 19,864 12,675 24,391 12,164 43,105 32,028 (24,071) (26,533) (22,093) 0 (1,984) (2,135) (48,148) (28,668) (5,043) 3,360 0 0 (519) (521) (193) (578) 0 (339) (606) 0 (1,318) (1,438) (6,361) 1,922 (6,361) 1,922 (6,361) 1,922 |
|---|---|
8
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Lumi Foundation members of On accounts for the year 31[st] December 2021 Charity no 1172800 ended (if any) Set out on pages 2 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2021 .
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 14[th] July 2022 Name: Phool Ashraf Relevant professional ACCA qualification(s) or body (if any):
Address: Gains Accountants, Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane E20 3BS
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
N/A
2
IER