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2025-09-30-accounts

SRINIVASA RETREAT LIMITED (A company limited by guarantee)

Annual Report and Financial Statements For the year ended 30 September 2025

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Contents

Page
Trustees’ report 1
Statement of trustees’ responsibilities 5
Independent Examiners Report 6
Statement of financial activities 7
Balance sheet 8
Cashflow statement 9
Notes to the financial statements 10

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Trustees’ report

The trustees, who are directors for the purposes of company law, present their annual report together with the financial statements and independent examiners report of the charitable company for the year ended 30 September 2025 and confirm they comply with the requirements of the Charities Act 2011, the trust deed and the Charities SORP (FRS102).

Objectives and activities

The organisation is a charitable company (number: 12440779) limited by guarantee, incorporated on 4 February 2020 and registered as a charity (number: 1190540) on 23 July 2020. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The objectives of the Charity set out in its governing document are as follows:

The main activities undertaken in relation to the above purposes/objectives include but not limited to:

Public benefit

In setting the Charity’s objectives and planning the Charity’s activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. The Trustees always ensure that the activities undertaken by the Charity further its charitable objects and aims.

Achievements and performance

In the reporting period, a series of successful educational workshops, retreats, and special festivals were held, engaging both the local and wider community. Community outreach initiatives, including open house events, introduced new audiences to the charity’s work.

Gratitude to the Community: Srinivasa Retreat Ltd expressed profound gratitude to its dedicated community members whose unwavering support enabled the organization to thrive and expand its charitable endeavours. The continued collaboration and participation of community members were instrumental in the realization of the organization's vision and mission.

1

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Trustees’ report (continued)

Plans for future periods

The Charity will continue to spread teachings of Paramahamsa Vishwananda through four arms namely yoga and meditation, knowledge, devotional arts and ritual practices. These will be conducted through various educational courses, community events and retreats.

Our plans for the future periods encompass a range of initiatives aimed at deepening engagement, expanding services, and promoting greater outreach.

Building on progress made in 2025, the charity’s future plans include:

Financial review

The Charity had a very encouraging year and a milestone for the community members. Income for the year ended 30 September 2025 amounted to £81,602 (2024: £55,790). The main driver behind the net income was as a result of our generous donors. The net assets of the Charity amounted to £913,752 (2024: £887,316).

The charity remains financially stable, with income primarily from donations, events, and retreat fees. Reserves are being maintained at a level sufficient to support ongoing operations and planned infrastructure development. The trustees confirm that the charity is a going concern.

Reserves

Unrestricted reserves for the year ending 30 September 2025 amounted to £887,316 £913,752 (2024: £887,316).

The Trustees consider the key measure of sustainability for the Charity to be current and future liquidity cover, rather than the surplus or deficit accounting position. As a consequence, the Trustees have set appropriate reserves policies relating to liquidity based on the relationship between readily realisable assets, on-going level of donations received and the cash requirements associated with sustaining the Charity’s operations for a period.

In establishing this policy, the Trustees conducts an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient to allow time for re-organisation in the event of a downturn in income or asset values; to protect ongoing work schedules and to allow the Charity to meet is objectives.

The Trustees review the Charity’s reserves policy annually and are satisfied with the level of cash reserves at the year end and are confident that the cash reserves will increase in subsequent years.

2

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Trustees’ report (continued)

Structure, governance and management

The directors of the charitable company are also the Charity trustees for the purposes of charity law and under the Company’s Articles.

Nature of governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee without share capital, as defined by the Companies Act 2006.

Recruitment and appointment of trustees

The power to appoint new trustees is vested the members of the Charity. In considering the recruitment of a new trustee, the members would look to recruit individuals with broad management experiences, relevant charity related skills, and knowledge of the charity’s work.

Induction and training of trustees

New trustees are invited to spend time with existing Trustees of the Board as part of their induction. Additional training and updates are provided as appropriate.

The Trustees (Board of Trustees)

All trustees give their time voluntarily and receive no benefits from the Charity. Any expenses, if reclaimed from the Charity, will be set out in the notes to the accounts. Conflicts of interest are recorded and carefully monitored to ensure that trustees undertake their duty to act in the Charity’s best interest.

Reference and administrative details

Trustees

The following Trustees served during the year:

Ms T Hale

Ms L Campbell

Dr Manish Pankhania

Registered office

Srinivasa Alderford Street, Sible Hedingham, Halstead, England, CO9 3HZ

Company No. 12440779

Charity No . 1190540

Independent Examiners

Eliteedge Accountants Westlink House, 981 Great West Road Brentford, London TW8 9DN

3

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Trustees’ report (continued)

Reference and administrative details (continued)

Bankers

Starling Bank 5th Floor, Fruit & Wool Exchange, Duval Square, London E1 6PW

Disclosure of information to independent examiner

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the independent examiner is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 25 June 2026 and signed on its behalf by:

Ms T Hale

Trustee

4

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Statement of trustees’ responsibilities

The Trustees (who are also the directors of Srinivasa Retreat Ltd for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Approved by the trustees of the charity on 25 June 2026 and signed on its behalf by:

Ms T Hale Trustee

5

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

INDEPENDENT EXAMINER’S REPORT

Independent Examiner’s Report to the Trustees of Srinivasa Retreat Ltd Company no: 12440779 and Charity no: 1190540

I report on the financial statements of the above charity (a company limited by guarantee) for the year ended 30 September 2025, which comprise the statement of Financial Activities, the Balance Sheet and the related notes 1-14.

Respective responsibilities of trustees and examiner

The trustees who are also directors of the company for the purposes of company law, are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’). The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. Where the charity’s gross income exceeded £250,000 I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales

It is my responsibility to examine the accounts under section 145 of the Charities Act, follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

6

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Independent examiner’s statement

(2) 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.

Vinay Bharaj A.C.A., ICAEW

Date: 25 June 2026

Chartered Accountants ELITEEDGE ACCOUNTANTS LTD Westlink House 981 Great West Road Brentford TW8 9DN

7

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Statement of financial activities

for the year ended 30 September 2025

or the year ended 30 September 2025
Income and Endowments from:
Note
Unrestricted
funds
£
Donations and legacies
3
66,655
Charitable activities
4
14,947
Other trading activities
5
-
Total income
81,602
Expenditures on:
Costs of charitable activities
6
(55,166)
Costs of trading activities
7
-
Total expenditure
(55,166)
Net income
26,436
Reconciliation of funds
Total funds brought forward
887,316
Total funds carried forward
14
913,752
Net movement in funds
26,436		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total 2025
£
66,655
14,947
-
81,602
(55,166)
-
(55,166)
26,436
887,316
913,752
26,436		 Total 2024
£
34,795
20,995
-
55,790
(66,309)
-
(56,786)
(10,519)
897,385
887,316
(10,519)

Total funds for the year ended 30 September 2024 were unrestricted.

8

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Balance sheet

as at 30 September 2025

Fixed Assets
Note
Tangible assets
10
Current Assets
Debtors
11
Cash at bank in hand
12
Creditors: Amounts falling due within one year
13
Net current assets/(liabilities)
Total assets less current liabilities
Net assets
Funds of the charity:
Opening unrestricted funds
Unrestricted funds for the year
14
Total funds		 2025
£
856.704
742
56,068
58,810
(1,762)
57,048
913,752
913,752
887,316
26,436
913,752		 2024
£
877,110
7,638
2,679
10,317
(111)
10,206
887,316
887,316
897,835
(10,519)
887,316

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2025, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to the small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The financial statements on pages 7 to 16 were approved by the trustees, and authorised for issue on 25 June 2026 and signed on their behalf by:

Ms T Hale

Trustee

9

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Cashflow statement

for the year ended 30 September 2025

Total 2025 Total 2024
Note £ £
Cashflow from operating activities
Net (loss)/income for the reporting period 26,437 (10,519)
Adjustments for:
Depreciation 10 20,405 20,405
Increase in debtors 11 6,896 (5,783)
Increase in creditors 13 1,651 (690)
Net cash inflow from operating activities 55,389 3,414
Cashflow from investing activities
Acquisition of building 10 - (1,534)
Acquisition of fixtures and fittings 10 - (1,567)
Acquisition of equipment 10 - (3,861)
Net cash outflow from investing activities - (6,962)
Net decrease in cash and cash equivalents 55,389 (3,549)
Cash and cash equivalents at the beginning of the year 12 2,679 6,228
Cash and cash equivalents at the end of the year 12 58,068 2,679

10

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements

1. Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute to an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The registered office of the Charity is Srinivasa Alderford Street, Sible Hedingham, Halstead, England, CO9 3HZ.

2. Accounting policies

Significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Srinivasa Retreat Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the charity operates in. The amounts are presented rounded to the nearest pound.

Summary of disclosure exemptions

In preparing these financial statements, the charity has taken advantage of the following disclosure exemptions as a result of qualifying as a small entity:

Going concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. The Charity has undergone significant amount of fundraising and secured additional donations to ensure the charity has sufficient funds to meet its expenditure needs. As such, these financial statements have been prepared on a going concern basis.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

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Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

Income (continued)

Donations and grants are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period.

Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year end are accounted for in income and accrued income in debtors.

Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met.

Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual’s basis under the following headings.

Costs of raising funds comprises of fundraising costs incurred in seeking donations, grants and legacies and costs of fundraising activities.

Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support in furthering the purposes of the charity and their associated support costs.

Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance costs, finance and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets

Fixed assets are initially recorded at cost and subsequently held at historical cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold Land Not depreciated Freehold Building Straight Line over 50 years Furniture and Equipment Straight Line over 5 years

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income is included at the best estimate of the amount receivable at the balance sheet date.

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Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other highly liquid investments that are ready convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund structure

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. The aim and purpose of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds of the charity restricted for a specific purpose being undertaken by the charity. The cost of raising and administering such funds are charged against the specific funds. The aim and use of each material designated and restricted fund is set out in the notes to the financial statements.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3. Income from donations and legacies

Unrestricted Restricted
funds funds Total 2025 Total 2024
£ £ £ £
General donations
Individual donations 55,000 - 55,000 28,182
Covenanted donations
Gift Aid reclaimed 11,655 - 11,655 6,614
66,655 - 66,655 34,795

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Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

4. Income from charitable activities

Unrestricted
funds
£
Events income
2,947
Rental income
12,000
14,947
. Income from other trading activities
Unrestricted
funds
£
Bhajan café
-
-
. Expenditures on charitable activities
Unrestricted
funds
£
Direct charitable expenditure
Support costs
Household costs
3,216
Utilities
16,883
Medical costs
3,137
Deity service
1,934
Repairs, renewals and maintenance
2,284
Legal & professional fees
240
Accounting services
249
Insurance
1,388
Telephone and internet
1,543
Travel and accommodation
807
Transaction fees
463
Charitable Donation
117
Other expenses
-
Cleaning costs
287
Printing, postage and stationery
1,104
IT costs
615
Event costs
55
Advertising and promotional
87
Printing, postage & stationery
64
Subscriptions
288
Depreciation of fixed assets
20,405
55,166		 Restricted
funds
£
-
-
-
Restricted
funds
£
-
-
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total 2025
£
2,947
12,000
14,947
Total 2025
£
-
-
Total 2025
£
3,216
16,883
3,137
1,934
2,284
240
249
1,388
1,543
807
463
117
-
287
1,104
615
55
87
64
288
20,405
55,166		 Total 2024
£
6,325
14,670
20,995
Total 2024
£
-
-
Total 2024
£
4,921
13,363
6,608
2,034
9,103
299
1,861
2,062
1,321
548
172
350
198
1,001
108
33
1,498
15
-
410
20,405
66,309

5. Income from other trading activities

6. Expenditures on charitable activities

14

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

7. Net incoming/outgoing resources

Unrestricted Restricted
funds funds Total 2025 Total 2024
£ £ £ £
Independent examiner’s fees 720 - 720 600
Depreciation of fixed assets 20,405 - 20,405 20,405
21,125 - 21,125 21,005

8. Staff costs

No remuneration was paid to the trustees in the year (2024: £nil). The average number of staff employed during the year was nil.

9. Tangible fixed assets

Cost
At 1 October 2024
Additions in the year
At 30 September 2025
Depreciation
At 1 October 2024
Charge for the year
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024		 Freehold
Land &
Building
£
Fixtures
and Fittings
£
922,565
22,661
-
-
922,565
22,661
(58,743)
(12,900)
(14,881)
(4,532)
(73,624)
(17,432)
848,941
5,228
863,822
9,760		 Equipment
£
4,958
-
4,958
(1,430)
(992)
(2,422)
2,536
3,528		 Total
£
950,184
-
950,184
(73,073)
(20,405)
(93,478)
856,706
877,110

15

Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

10. Debtors

0. Debtors
2025 2024
£ £
Trade debtors 300 604
Other debtors - 6,614
Prepayments 442 421
742 7,638

The entire other debtors balance is recoverable within one year.

11. Cash and cash equivalents

Cash at bank
2. Creditors: amounts falling due within one year
Trade creditors
Accruals
Interest free loans		 2025
£
56,068
2,679
2025
£
-
1,763
-
1,763		 2024
£
2,679
2,679
2024
£
44
67
-
111

12. Creditors: amounts falling due within one year

Loan payable is interest free, unsecured and repayable on demand.

13. Funds

3. Funds
Balance at 1 Balance at 30
October Income Resources September
2024 resources expended 2025
£ £ £ £
Unrestricted funds
General 887,316 81,602 (55,166) 913,752
887,316 81,602 (55,166) 913,752

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Srinivasa Retreat Ltd Company Registration number: 12440779 Charity registration number: 1190540 Annual Report and financial statements For the year ended 30 September 2025

Notes to the financial statements (continued)

14. Funds (continued)

4. Funds (continued)
Balance at 1 Balance at 30
October Income Resources September
2023 resources expended 2024
£ £ £ £
Unrestricted funds
General 897,835 55,790 (66,309) 887,316
897,835 55,790 (66,309) 887,316

The specific purposes for which the funds are to be applied are as follows:

General funds represent ‘free reserves’

17