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2025-04-30-accounts

CHARITY REGISTRATION NUMBER: 1177960

MahaDevi Yoga Centre Unaudited Financial Statements

30 April 2025

Jackson & Jackson A trading name of Jackson Nicholas Assie Ltd Chartered Certified Accountants & Statutory Auditors Suite 7, Meridian House 62 Station Road, Chingford London E4 7BA

MahaDevi Yoga Centre

Financial Statements

Year ended 30 April 2025

Page
Trustees' annual report 1
Independent examiner's report to the trustees 15
Statement of financial activities 16
Statement of financial position 17
Statement of cash flows 18
Notes to the financial statements 19

MahaDevi Yoga Centre Trustees' Annual Report

Year ended 30 April 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 April 2025.

Reference and administrative details

Registered charity name MahaDevi Yoga Centre
Charity registration number 1177960
Principal office 12 Eden Grove
London
N7 8EQ
The trustees
Anais Saegesser (Resigned 30 April 2025)
Elina Nupponen
Samantha Akita
Claudine-Sachi Muenger
Jason Gunn
Elizabeth O'Neil (Appointed 1 May 2025)
Chief Executive Officer Ben Eydmann
Chief Operating Officer Denisa Nenova
Independent examiner John Assie FCCA
Suite 7, Meridian House
62 Station Road
Chingford
London
E4 7BA
Bankers NatWest Bank
490 Holloway Road
London
N7 6JB
Lloyds Bank
Commercial Banking
P.O Box 100
BX1 1LT

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

The directors and trustees are pleased to present their report, along with the financial statements for the year ended 30 April 2025 . MahaDevi Yoga Centre is a Charitable Incorporated Organisation (CIO) . These financial statements have been prepared in accordance with the accounting policies set out in the MahaDevi Financial Policy , and they comply with:

Structure, Governance, and Management

MahaDevi Yoga Centre was incorporated on 16 April 2018 , registered as a charity on the same date, and began charitable activities immediately thereafter.

Recruitment and Appointment of Trustees

The Board of Trustees is empowered by the Constitution to appoint additional trustees as needed. There is no upper limit to the number of trustees, although the charity requires at least three trustees to operate. Trustees are appointed for a term of three years and can only be appointed for three consecutive terms.

Trustees who served during the reporting year include:

Statement from the Board of Trustees

As we reflect on another year of meaningful progress the Board of Trustees would like to begin by extending our deepest thanks to Dr Anaïs Sägesser whose tenure as Chair concluded at the end of this reporting year. Anaïs’s leadership has been central to the organisation’s growth, vision, and stability. Her thoughtful stewardship helped shape our identity and strengthen our foundations, leaving a lasting impact that will continue to guide us forward. We are profoundly grateful for her commitment and contribution.

In the upcoming financial year, the Board has decided on an interim solution of a Co-Chair model while we actively recruit new trustees and a new Chair to support our continued governance and strategic development.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

This year has seen stronger financial planning, and the continuation of several multi-year grants. We have expanded our services to include therapeutic art for older adults and complementary therapies, while maintaining affordable session fees in line with inflation. Community engagement has grown through grassroots fundraising, open studio events, and strengthened partnerships with local networks and outreach settings.

This year we delivered 1,604 sessions, ended the year with an operating surplus of £8,257, and increased income by £28,884.

We are excited about the year ahead and remain committed to delivering accessible, high-quality therapeutic support to the communities we serve.

Statement from the Trustees

This year has been one of steady growth, creative expansion, and deeper connection with the communities we serve. Across our team, we’ve seen a renewed sense of energy and purpose, supported by clearer financial planning and the flexibility to invest more confidently in our people and spaces.

We are pleased to be working towards an increase in therapist wages in recognition of the incredible work our team delivers. This year also saw the introduction of new offerings, including therapeutic art for older adults and complementary therapies in our dedicated treatment room. Our commitment to accessibility remains strong — session fees were raised only in line with national inflation, allowing us to maintain affordability while ensuring service sustainability.

We’ve continued to invest in community relationships through open studio events, targeted outreach, and active listening. This included tailored surveys for outreach clients and carers, and increased community-led fundraising through bake sales, merchandise, and local donations — all of which reflect the growing sense of ownership and support around our work.

These achievements have been possible thanks to the dedication of our staff, volunteers, partners, and the families who engage with us. As we look ahead, we remain focused on building a welcoming, inclusive, and responsive service environment for all.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre Trustees' Annual Report

Year ended 30 April 2025

About MahaDevi Yoga Centre

Our Mission

MahaDevi Yoga Centre is committed to improving the lives of individuals with additional and complex needs through the transformative practice of therapeutic yoga. Our work empowers individuals to overcome physical, emotional, and mental challenges, fostering resilience, confidence, and a sense of community.

Conditions We Support

We provide services to individuals with a wide range of conditions, including but not limited to:

Many of our participants may also present with other physical comorbidities and mental health issues such as anxiety, depression, stress, insomnia, and low self-esteem. Our therapeutic yoga programmes address these issues holistically, enabling participants to lead healthier and more fulfilling lives.

Our Core Services

Our Reach and Cumulative Impact

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

Our Purpose

Our purpose is to create an inclusive environment where individuals with additional and complex needs can access the therapeutic support they deserve, empowering them to thrive and reach their fullest potential.

Vision

We envision a society inspired by Yogic principles, where compassion, unity, and respect form the foundation of personal and community interactions.

Core Values

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

Trustee Induction and Training

MahaDevi Yoga Centre recognises the vital role trustees play in overseeing governance and strategy. To ensure trustees are fully equipped to fulfil their responsibilities, an induction and training programme is in place. Key elements include:

On-Site Onboarding: Online onboarding sessions by the chair of trustees are complemented by on-site onboarding sessions by the management team. Through these measures, trustees are well-prepared to contribute meaningfully to the charity’s mission and operations from the outset.

Organisational Structure

MahaDevi Yoga Centre is governed by a dedicated Board of Trustees , which meets monthly to oversee strategy, governance, and risk management. This strong governance framework ensures the organisation operates transparently and efficiently.

The charity’s daily operations are managed by two key directorates:

This division of responsibilities enables MahaDevi Yoga Centre to deliver impactful services while maintaining strong organisational oversight.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre Trustees' Annual Report

Year ended 30 April 2025

Therapists

Our therapists are the foundation of our service delivery, bringing exceptional expertise and dedication to supporting individuals with complex needs. Trained in the specialised Yoga for the Special Child methodology, many of our therapists also bring extensive experience as parents, yoga teachers, teachers, therapists and carers enriching the range and depth of care we provide.

To ensure the highest standards of practice, all our therapists:

Their professionalism, compassion, and commitment are central to achieving meaningful outcomes for our service users and their families.

User-Led Approach

At MahaDevi Yoga Centre, we prioritise a user-led approach, actively involving service users and their families in shaping the charity’s services and direction. Notable initiatives include:

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

Our Impact

Children and Young People

In our most recent parent and young person survey,

The main benefits reported include calmer mental states, improved focus and attention, flexibility and balance, breathing, self-regulation, better sleep and better moods. The following comments from children and parents describe the impact of our yoga therapy:

Adults with Additional Needs

A, an adult with additional needs attending our group session with their carer, said:

'It's been good because you get to see people and make friends' 'I'm learning how to do yoga'

'The yoga is good - I feel great afterwards'

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

A’s carer and the manager of her residential home said:

'It has been brilliant to see the group build together over the past months. The group has really bonded and now we have a very consistent group of participants, both people we support and support staff. The team at MahaDevi have really tuned in to people's needs and abilities and then have gradually begun to stretch people with new learning in the sessions. You can visibly see how people have become more relaxed and at ease as the sessions have progressed. This is brilliant for peoples wellbeing - physical and mental - and that is very much true for both the people we support and for staff. Life changing!'

Older People

A recent survey for participants of older people’s group shows that as a result of yoga:

We have received the following comments in response to the question if they have seen any benefits to their health:

When asked about what they like about their yoga class, a participant of our older people’s group, aged 76, said: ‘Empowerment! Being able to move feeling good when I am stuck in a chair all day. I get to choose this class and feel good again in my body.’

Achievements and Performance

Highlights from the Year

The past year has been a period of significant progress and positive change at the MahaDevi Yoga Centre. Several key highlights reflect our commitment to excellence and the fulfilment of our mission:

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

Key Indicators of the Business Year

During the past year, MahaDevi Yoga Centre has supported approximately 150 individuals and their families. Our key achievements for this year are:

Strategic Goals

  1. Become the Leading Provider:

Continue to establish MahaDevi Yoga Centre as the foremost provider of therapeutic yoga training and services for individuals with special needs in the UK.

  1. Diversify Income Streams:

Reduce reliance on project grants by developing a more diverse income portfolio, with a greater emphasis on unrestricted income.

  1. Foster Organisational Health and Culture:

Embody the principles we teach by fostering regenerative leadership and cultivating positive relationships within our team.

Fundraising and Principal Support

Fundraising plays a critical role in ensuring the sustainability and growth of MahaDevi Yoga Centre. This year, our efforts have focused on diversifying income streams to build a more robust financial foundation and reduce reliance on single sources of funding. Key fundraising initiatives include:

We saw a notable rise in community fundraising efforts, including bake sales, merchandise sales, and generous donations from local partners — reflecting growing grassroots support and engagement.

We are profoundly grateful to Unite Students , our principal sponsor, for their continued and invaluable support. Unite Students provides essential funding and enables us to operate from Stapleton House. This partnership underscores their commitment to our mission and strengthens our ability to serve the community effectively.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

We successfully secured an extension of our core grant from City Bridge Trust for another year, until March 2027. In addition, we secured eight new grants over the past 12 months. Funding from the National Lottery Awards for All for the new post of Community Hub Lead (for two years) will significantly strengthen our day-to-day operations by providing direct support to families and enabling new community activities. We also received grants from Sport England and Partners for Health (London Catalyst and Hospital Saturday Fund) to deliver group yoga sessions for older people and adults with additional needs. This funding allows us to collaborate with new partner organisations and expand our work to support these beneficiary groups. The Asda Foundation, The Morris Charitable Trust, Barbara Ward Children’s Foundation and AnnikaH supported our activities for children and young people with additional needs. Local Initiatives Fund provided a capital grant towards essential equipment.

We are truly grateful for the continued support of City Bridge Trust, Cloudesley and Go! London , who have awarded us multi-year core funding, contributing to our organisational stability and enabling us to plan for the future.

Through these efforts, we continue cultivating a diversified funding base, ensuring our long-term sustainability and ability to deliver life-changing services.

Thank you to our Funders for supporting our work:

Unite Students City Bridge Trust Cloudesley Go! London London Marathon Foundation The David Family Foundation The National Lottery Awards for All Asda Foundation The Morris Charitable Trust Barbara Ward Children's Foundation AnnikaH Foundation Sport England London Catalyst and Hospital Saturday Fund - Partners for Health Local Initiatives Fund

Financial Review

For the financial year, a detailed check of all current and historic financial numbers has been made. In addition, some of the financial processes have been adjusted. This resulted in one-time write offs that have been booked in the regular profit & loss statement.

The statement of Financial Activities shows a surplus of £8,257. The total reserves of the charity at the end of the reporting period are £60,496 of which £44,441 is restricted and £16,055 is unrestricted.

Jackson Nicholas Assie Limited Chartered Certified Accountants

Year ended 30 April 2025

MahaDevi Yoga Centre

Trustees' Annual Report

Reserves Policy

The trustees are of the opinion that both its reserves and its anticipated income are such that the charity will be able to continue its activity for another 12 months with the same or slightly lower income and 3 months without any income at all. Our current reserves policy is 3 months unrestricted income. The reserves that we have set aside provide financial stability and the means for the development of our principal activity yoga classes for children and young people with additional and complex needs. We intend to maintain our reserves at a level which is at least equivalent to three months general running costs and t cover three months unrestricted management costs (calculated from the effective cost of the previous year).

The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations.

Risk Management

The Board of Trustees actively monitors and mitigates risks to safeguard the organisation’s operations and ensure the well-being of all stakeholders. Risk management processes include:

By staying proactive, we minimise potential disruptions and maintain a stable environment for the charity’s activities.

Safeguarding

The safety and well-being of our service users are paramount. MahaDevi Yoga Centre maintains a comprehensive safeguarding framework that aligns with best practices and statutory requirements. Key components include:

This robust framework ensures that all participants, particularly vulnerable individuals, are protected and supported throughout their engagement with the Centre.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Year ended 30 April 2025

Trustees' Annual Report

Public Benefit Statement

In accordance with the Charities Act 2011, the trustees affirm that all activities conducted by MahaDevi Yoga Centre deliver clear public benefit. We achieve this by:

The trustees are committed to ensuring that every aspect of our work aligns with the principles of public benefit, reflecting our dedication to creating lasting positive change.

Plans for the future

Looking ahead to the future we are still working on the implementation of our strategy and the following three overarching goals that we aim to achieve in the next 4 years.

❖ Goal One - Increase Capacity

We aim to increase the number of people we work with over the next five years. This means increasing capacity onsite, increasing offsite capabilities and working with more partners such as schools and other community groups.

❖ Goal Two - Fully Inclusive

We aim to be a fully inclusive organisation with a board of at least 75% representation from people with lived experience and at least 50% of our paid contractors’ team and representation at all levels of the organisation. Among our current board members, we are at 57%.

❖ Goal Three - Leading Provider

We aim to be the leading provider of therapeutic yoga in the UK. Working collaboratively with resonant organisations, investing in fundraising and increasing our media profile we will lead the charge in ensuring every young person has access to therapeutic yoga.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Trustees' Annual Report

Year ended 30 April 2025

Trustees’ Responsibilities

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in note 21 to the financial statements.

The trustees' annual report was approved on 13 November 2025 and signed on behalf of the board of trustees by:

C Muenger Trustee

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Independent Examiner's Report to the Trustees of MahaDevi Yoga Centre

Year ended 30 April 2025

I report to the trustees on my examination of the financial statements of MahaDevi Yoga Centre ('the charity') for the year ended 30 April 2025.

Responsibilities and basis of report

As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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 giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do 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.

John Assie FCCA Independent Examiner Jackson Nicholas Assie Limited Chartered Certified Accountants Suite 7, Meridian House 62 Station Road Chingford London E4 7BA

Date 14 November 2025

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Statement of Financial Activities

Year ended 30 April 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 4,149 85,443 89,592 52,160
Charitable activities 5 79,632 – 79,632 88,180
──────── ──────── ───────── ─────────
Total income 83,781 85,443 169,224 140,340
════════ ════════ ═════════ ═════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 6 (4,905) (5,345) (10,250) (9,625)
Expenditure on charitable activities 7,8 (93,627) (57,090) (150,717) (165,040)
──────── ──────── ───────── ─────────
Total expenditure (98,532) (62,435) (160,967) (174,665)
════════ ════════ ═════════ ═════════
──────── ──────── ───────── ─────────
Net income/(expenditure) and net
movement in funds (14,751) 23,008 8,257 (34,325)
════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 30,806 21,433 52,239 86,564
──────── ──────── ───────── ─────────
Total funds carried forward 16,055 44,441 60,496 52,239
════════ ════════ ═════════ ═════════

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 19 to 29 form part of these financial statements.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Statement of Financial Position

30 April 2025

2025 2024
Note £ £
Current assets
Debtors 14 11,379 8,042
Cash at bank and in hand 64,702 49,474
──────── ────────
76,081 57,516
Creditors: amounts falling due within one year 16 (15,585) (5,277)
──────── ────────
Net current assets 60,496 52,239
──────── ────────
Total assets less current liabilities 60,496 52,239
════════ ════════
Funds of the charity
Restricted funds 44,441 21,433
Unrestricted funds 16,055 30,806
──────── ────────
Total charity funds 17 60,496
════════		 52,239
════════

These financial statements were approved by the board of trustees and authorised for issue on 13 November 2025, and are signed on behalf of the board by:

Jason Gunn

Jason Gunn (Nov 17, 2025 13:27:38 GMT)

C Muenger Trustee (Treasurer)

J Gunn Trustee

The notes on pages 19 to 29 form part of these financial statements.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Statement of Cash Flows

Year ended 30 April 2025

2025 2024
Note £ £
Cash flows from operating activities
Net income/(expenditure) 8,257 (34,325)
Adjustments for:
Changes in:
Trade and other debtors (3,337) 11,975
Trade and other creditors 10,307 5,277
──────── ────────
Cash generated from operations 15,227 (17,073)
──────── ────────
Net cash from/(used in) operating activities 15,227 (17,073)
════════ ════════
Net increase/(decrease) in cash and cash equivalents 15,227 (17,073)
Cash and cash equivalents at beginning of year 49,474 66,547
──────── ────────
Cash and cash equivalents at end of year 15 64,701 49,474
════════ ════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is Charitable Incorporated Organisation. The address of the principal office is 12 Eden Grove, London, N7 8EQ.

2. Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 and the financial reporting standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2019.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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.

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.

Significant judgements

There have not been any judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

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.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

3. Accounting policies (continued)

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:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Paula McPherson 1,000 – 1,000
Donations < £1000 2,649 – 2,649
Grants
National Lottery – 20,000 20,000
City Bridge Trust – 14,425 14,425
London Marathon Foundation – 9,945 9,945
Sports England – ESC Lottery – 9,400 9,400
Cloudesley – 8,750 8,750
Go London – 8,213 8,213
London Catalyst – 4,200 4,200
Hospital Saturday Fund – 4,200 4,200
The Barbara Ward Children’s Foundation – 4,000 4,000
Morris Charitable Trust – 2,310 2,310
Annikah Foundation 500 – 500
─────── ──────── ────────
4,149 85,443 89,592
═══════ ════════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Landsdowne Partners 1,750 – 1,750
Comic Relief Community Fund (Groundwork) - Cost
of Living Crisis 3,980 – 3,980
Paula McPherson – – –
Donations < £1000 2,190 – 2,190

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

4. Donations and legacies (continued)

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Grants
Cloudesley – 8,750 8,750
Tesco Community Fund – 1,000 1,000
The David Family Foundation – 2,000 2,000
City Bridge Trust – 14,140 14,140
Comic Relief Community Fund – 995 995
Go London – 7,500 7,500
London Marathon Foundation – 9,855 9,855
─────── ──────── ────────
7,920 44,240 52,160
═══════ ════════ ════════

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Yoga Classes 22,857 22,857 23,932 23,932
Therapy Classes 49,340 49,340 60,317 60,317
Cafe Income 1,151 1,151 1,147 1,147
Workshop Income 201 201 50 50
Room Hire 25 25 90 90
Wellbeing Activities 2,040 2,040 1,860 1,860
Dance Income 3,965 3,965 673 673
Other income 53 53 111 111
──────── ──────── ──────── ────────
79,632 79,632 88,180 88,180
════════ ════════ ════════ ════════
Costs of raising donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Costs of raising donations - Fundraising 4,905 5,345 10,250
═══════ ═══════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Costs of raising donations - Fundraising 5,375 4,250 9,625
═══════ ═══════ ═══════

6. Costs of raising donations and legacies

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

7. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Provision of yoga services 92,187 57,090 149,277
Support costs 1,440 – 1,440
──────── ──────── ─────────
93,627 57,090 150,717
════════ ════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Provision of yoga services 92,123 71,417 163,540
Support costs 1,500 – 1,500
──────── ──────── ─────────
93,623 71,417 165,040
════════ ════════ ═════════
8. Expenditure on charitable activities by activity type Expenditure on charitable activities by activity type
Activities
undertaken Total funds Total fund
directly Support costs 2025 2024
£ £ £ £
Provision of yoga services 149,277 – 149,277 163,540
Governance costs – 1,440 1,440 1,500
───────── ─────── ───────── ─────────
149,277 1,440 150,717 165,040
═════════ ═══════ ═════════ ═════════
9. Analysis of support costs
Independent
Examiners
Fees Total 2025 Total 2024
£ £ £
Governance costs 1,440 1,440 1,500
═══════ ═══════ ═══════
10. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Operating lease rentals 1,200 1,200
═══════ ═══════
11. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,440 1,500
═══════ ═══════

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

12. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

There were no staff costs or employee benefits for the reporting or previous year.

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £74,540 (2024: £69,442).

13. Trustee remuneration and expenses

14. Debtors

2025 2024
£ £
Trade debtors 8,329 8,042
Prepayments and accrued income 3,050 –
──────── ───────
11,379 8,042
════════ ═══════
Cash and cash equivalents
Cash and cash equivalents comprise the following:
2025 2024
£ £
Cash at bank and in hand 64,702 49,474
Bank overdrafts (1) –
──────── ────────
64,701 49,474
════════ ════════
Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 1 –
Trade creditors 15,584 4,679
Other creditors – 598
──────── ───────
15,585 5,277
════════ ═══════

15. Cash and cash equivalents

16. Creditors: amounts falling due within one year

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 May 2024 Income Expenditure Transfers
30 April 2025
£ £ £ £ £
General funds 30,806 83,781 (98,532) – 16,055
════════ ════════ ════════ ════ ════════
At At
1 May 2023 Income Expenditure Transfers 30 April 2024
£ £ £ £ £
General funds 33,909 96,100 (98,998) (205)
30,806
════════ ════════ ════════ ════ ════════
Restricted funds
At At
1 May 2024 Income Expenditure Transfers
30 April 2025
£ £ £ £ £
National Lottery Awards
for All – 20,000 – – 20,000
City Bridge Trust 280 14,425 (14,705) – –
The Royal Society of St
George 156 – (156) – –
Morris Charitable Trust 1,800 2,310 (1,770) – 2,340
Bruce Wake Charitable
Trust - New Hoist Fund 2,987 – (1,787) – 1,200
TFL & Mayor of London
Walking & Cycling 469 – (469) – –
Sport England – 9,400 (4,860) – 4,540
London Catalyst – 4,200 (1,120) – 3,080
Cloudesley 15,591 8,750 (17,160) – 7,181
The David Solomons
Charitable Trust 150 – (150) – –
London Marathon
Foundation – 9,945 (9,945) – –
Go London – 8,213 (8,213) – –
The Barbara Ward
Children's Foundation – 4,000 (2,100) – 1,900
Hospital Saturday Fund – 4,200 – – 4,200
──────── ──────── ──────── ──── ────────
21,433 85,443 (62,435) – 44,441
════════ ════════ ════════ ════ ════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

17. Analysis of charitable funds (continued)

At At
1 May 2023 Income Expenditure Transfers
30 April 2024
£ £ £ £ £
Islington Giving Grant 903 – (903) –
–
Leathersellers Therapy 1,738 – (1,776) 38
–
City Bridge Trust 6,067 14,140 (19,927) –
280
Comic Relief -
Groundwork UK 1 – (1) –
–
The Royal Society of St
George 179 – (23) –
156
Morris Charitable Trust 2,180 – (380) –
1,800
Bruce Wake Charitable
Trust - New Hoist Fund 2,987 – – –
2,987
Little Lives UK 302 – (302) –
–
TFL & Mayor of London
Walking & Cycling 1,994 – (1,525) –
469
Blakemore Foundation 200 – (200) –
–
Sport England – – – –
–
London Catalyst 806 – (819) 13
–
National Lottery 6,228 – (6,239) 11
–
Bruce Wake Charitable
Trust 2,700 – (2,700) –
–
The Clothworkers
Foundation 293 – (293) –
–
Starland Music Limited 358 – (358) –
–
Cloudesley 9,780 8,750 (2,939) –
15,591
Vinters 5,000 – (5,000) –
–
Comic Relief Community
Fund - Wellbeing
Activities 1,239 995 (2,234) –
–
Sylvia Waddilove
Foundation 3,500 – (3,505) 5
–
Peter Stebbings
Memorial Charity 2,700 – (2,739) 39
–
Douglas Arter
Foundation 500 – (500) –
–
The David Family
Foundation 2,500 2,000 (4,500) –
–
The David Solomons
Charitable Trust 500 – (350) –
150
Tesco Community Fund – 1,000 (1,003) 3
–
London Marathon
Foundation – 9,855 (9,908) 53
–
Go London – 7,500 (7,543) 43
–
──────── ──────── ──────── ──── ────────
52,655 44,240 (75,667) 205
21,433
════════ ════════ ════════ ════ ════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

17. Analysis of charitable funds (continued)

Purposes of Funds

Cloudesley – Funding for drumming, group therapy and yoga sessions

The Bruce Wake Charitable Trust – For the purchase of a new hoist

The Morris Charitable Trust – To enable wellbeing activities to be carried out

TFL & Mayor of London Walking and Cycling – To provide support to enable nature walks to be carried out

City Bridge Trust – To support yoga therapy online and in person

The Royal Society of St George – Grant is for DBS checks to be carried out in relation to the café

The David Soloman Family Foundation – Funding for salaries of CEO and COO to coordinate work experience

Islington Giving – To fund partnerships and engagements

Leathersellers – Funding towards 1-2-1 therapy

Comic Relief – Groundwork – Grant was for the purchase of a new laptop

Little Lives UK – For the provision of 1-2-1 therapy

Blakemore Foundation – For the provision of 1-2-1 therapy

London Catalyst – Funding to support girls yoga groups

National Lottery – Funding to support partnerships and community engagements

Starland Music Limited – For the purchase of new drums

Vinters – Funding for salaries of CEO and COO to coordinate work experience

Comic Relief Community Fund (Wellbeing Activities) – For wellbeing activities and drumming group classes

Sylvia Waddilove Foundation – Funding to contribute to a new wheelchair hoist

Peter Stebbings Memorial Charity – Funding for 1-2-1 yoga classes for children

Douglas Arter Foundation – Funding for 1-2-1 yoga classes for children

The David Family Foundation – Funding for salaries of CEO and COO to coordinate work experience

Tesco Community Fund – Funding to support Yoga Therapy Sessions for children and special needs

Go London – Funding is towards the provision of management and fundraising salary.

The Barbara Ward Children’s Foundation – Funding for group wheelchair yoga classes

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

17. Analysis of charitable funds (continued)

Sport England – Funding for group classes for adults with learning difficulties

Hospital Saturday Fund – Funding outreach work at residential centres

London Catalyst – Funding outreach work at residential centres

National Lottery Awards for All – Funding community hub lead hours

18. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Current assets 31,640 44,441 76,081
Creditors less than 1 year (15,585) – (15,585)
──────── ──────── ────────
Net assets 16,055 44,441 60,496
════════ ════════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Current assets 36,083 21,433 57,516
Creditors less than 1 year (5,277) – (5,277)
──────── ──────── ────────
Net assets 30,806 21,433 52,239
════════ ════════ ════════
Analysis of changes in net debt
At At
1 May 2024 Cash flows 30 Apr 2025
£ £ £
Cash at bank and in hand 49,474 15,228 64,702
Bank overdrafts – (1)
(1)
──────── ──────── ────────
49,474 15,227 64,701
════════ ════════ ════════

19. Analysis of changes in net debt

20. Operating lease commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
Not later than 1 year 1,200 1,200
Later than 1 year and not later than 5 years 4,800 6,000
─────── ───────
6,000 7,200
═══════ ═══════

21. Post balance sheet events

The trustees have considered the likelihood of any negative subsequent events arising and have concluded that the incidence of such events is likely to be minimal.

Jackson Nicholas Assie Limited Chartered Certified Accountants

MahaDevi Yoga Centre

Notes to the Financial Statements (continued)

Year ended 30 April 2025

22. Related parties

During the year the charity entered into the following transactions with related parties:

Transaction value
2025 2024
£ £
Denisa Nenova - Yoga/Therapy &
admin services provided 37,613 35,703
Yoga/Therapy 21,088 19,120
Admin/Management 16,525 16,583
Ben Eydmann - Yoga services
provided 36,927 34,669
════════ ════════
Yoga/Therapy 17,567 18,309
Admin/Management 19,360 16,360

Both Ben Eydmann and Denisa Nenova are the key management personnel of the charity. The use of their services was agreed by other board members, to ensure the transactions were at arm's length the hourly rate remained the same as other contractors providing admin/management and yoga services.

During the reporting period a total of £955 was received from S Akita (trustee) in relation to yoga therapy and drumming club services provided to her child.

Jackson Nicholas Assie Limited Chartered Certified Accountants

2025-11-17

MDYC 2025 Final Accounts

Final Audit Report

Created: 2025-11-17 By: Benjamin Eydmann (ben@mahadevicentre.com) Status: Signed Transaction ID: CBJCHBCAABAA-7f9Z0Sr8mXHmeLg-3XlzrZIBcVhsnDG

"MDYC 2025 Final Accounts" History

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