REGISTERED COMPANY NUMBER.. 12093316 (England and Wal•$l REGISTERED CHARrrY NUMBER: 1190681 REPORT OF THE TRUSTEES AND UNAIID TATEMENTS FO YEAR E I DECEMBE 20 ASSOCIATION FOR YOGA STUDIES AYS LTD A COMPANY LIMITED 8Y GUARANTEE David Shores & Co Ltd 36a Ststion Roa New Milton Hampshire BH25 6JX
CIATI N FOR YOGA TU AYS LTD CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 Decembe 024 Page Report of th• Tru$t• Independent Examlnorf¥ R•port Sts¢wn•nt of FInala1 ACV1 Balanctr Sh••t Nots¥ to th• FSnanel*l Stat•m•nts 7 10 10 D•tall Statsment of Fln•n¢l•l A¢tt¥ltl•s 11
IATION FOR YO TUOIE8 AY LTD PORT OF THE TR TEES for tho Year Ended 31 Decem The tw$lèes who a also directors of the charity for the purposes of the Compantes Act 2006, psent treir report the finan¢i81 Statements of the charity for the year ended 31 De¢embeT 2024. The tru5tee5 have adopted the provisions of Accounb'ng and Reporting by charis.. Statement of Recomrnend¢d Pr3cbce applble to Chari5 preparing their accounts in accordan wth the Fin8n¢i81 Reporting Standard applkable in the UK and R•public ol Ifend IFRS 1021 leffective 1 Janry 20191. OBJECTIVES AND ACTIVITIES Objectlves and alm8 The charltls objects as detailed ty ts Memorandum of Associatn are.. ays is keen lo support memters to deveksp thelr yoga knowledge and teaching by promoting and offering events. indu¢Jing an annual convention, workshops. Sethtres, and offerfng bursaries vthere required to supptsrt thi$. ays is exploring how to Inwa the number ol leachef training coursos availab which in du& course would inryease the number of yoga tt8ch8rs in thi$ traditn. an(t the ays membership. ays t5 working to devebp relalionship Iheir sister organisalion, TSYP {The Swety for Yoga Practtti'oners. Slgnlficant •etlvitie• At 3fg1 December 2024 there were 16912023- 1691 members. Members receive g joumal on¢e or ffte a year and a newsletter thfee limes a year. The newsletter is distribLtted to a wder adnce than our members, thebY meeting our aim to Inform the publK. An anrual conventKJn is held which is orn to the gtneial p¢Jblic and members and offers a hwjtt stsndard of lectures and workshops. Teacher members list their events on the ays webste aSsn9 the general puUc's wr¢ness of training opportunities in this IradilK)n_ To promote membership, there is active fflaintenance of Ihe website and social media with the aim to engage members and wKJen the knOwdge of ays and the opportunities it provides. The cloud-based software system Memb8rshipWorks was ¢mplemented during the year to manage memberships, neW81S Jnd events. This is now being Jsed for all membership ren6wal$ and convention tr*Jokings. Page 1
SOCIATION FO GA STUDIE5 AYS LT REPORT OF THE TRUSTE I r the Year Ended 31 D• bgr 2024 ACHIEVEMENT AND PERFORMANCE In the year ending 31st December 2024 ays n7ade an ov8rall surplus of £2,38912023 - £5,127) and had net assets of £35,810 as at 31st Defftber 202412023- £33,421). This was a pleasing resutt for the year. The 2024 ays Convention, lh 21st. was held in October 2024. jcinlly with ¢)ur sister organllat)n TSYP in Northamptonshire. our first joint in-person went with 97 att&nde8s and VAS a very successfvl ev8nt with excelleni feedback from participants. The keynote speaker was R Sriram. a long-time student ol TKV Desikachar and renowned te8¢her of over 40 years based in India and Gerrnany. Mekhala Desikachar also Presented a pnary sesslin The ays share of the surplus made on convenlion was £1,79812023 £2.2371. Monthty pwtice sanghas contsnue lo h¢ld on-line. for our members lo share exkYience5 and knOwdge of yog8 in this tradit)n. Continuing ProfessKnal Development opportuftilies are offered through the Convenkn and events Ciffewd by leathers. Events, inlofmab.on and other resources afe availab on the website. The newslettèr has provided a plaifom for members, opInnS, revws and adveth.sing of events vthich may be attended by non-members Onee or a year, ays also projuces a magazine cald the Joumal wh%Gh 18 for members onty, in which longer and mofe in-depth artic$ on yoga and rts philosophy are printed. BURSARY SCHEME Members are on¢¢)uraged to appty for # butsary to cofttinue thw'r yoga studies where finarKi81 assistsnce wouhl enable theTn lo do so. One bursary was approved In 2024 and the Trustee$ have agreed that £5000 be set aside for buT5ary awards in 2025. FUTURE PLANS The annual convention for 2025, Yoga for Translormab"on', w¢th our guest speaker Gary Kraftsow will be held in October at Easfvnod Hall, Notbnghamshire. ays is delighted that Gary wll share his special tsnderslanding of the ancient wacltè ol Devata Yoga from his long tem stud8 th TKV Desikachar Bookings have exceeded expeCtaS and we expect to h8ve a very good attendance for this event. Members are encouragert lo appty for a bursary to conts'nue their yoga stud5 where financial ass*stance woukl enab them to do so One bursary was approved in 2024. STRUCTURE. GOVERNA14CE AND MANAGEMENT Governin9 docum•nt The chartty 1$ controlled by ts goveming docltment. a deed of trust. and wnstitutos a lirniled wmpany, limited by guarantee. as defined by the Companies Act 2006. Rocrultmfrnt and appointmènt of new tru¥tee8 Trustees are appointed in accordance with the requirernent$ of the Art¢les of Association. REFERENCE AND ADM1141STPATIVE DETAILS Regl¥t•r•d Company numbèr 12093316 IEngland and waS) Rry18t•r Charlty numb•r 1190681 Regl8teTeql oflleo 368 Station Road New Milton Hampshire BH25 6JX Page 2
ASS IATION FOR YOGA STUDIES Ays LTI) REPORT OF THE TRUSTEES for the Y• rEnded 1Dec r 2024 Trv&teè$ D Baldwin Ms S Chudley Ms J A Kirby Ms D Chartett Ms A Oakes P Copestake Iresigned 1.11.241 C Hargreaves Ind•p•ndent Ex•mln•r Terence Leslie Smith CA David Shore5 & Co Ltd 36a Station Road New Milton Hampshire BH25 6JX Approved by order of the board ol iruste85 on. ,.rfAY...IyJ.% . and 51gned on ils behalf by.. Ms J A Kirby- Tru8 Pago 3
INDEPENDENT EXAMINER'S REPORT TO THE T CIATION FOR YOGA STUOIES AYS STEES OF Ind9pgnd•nt •xwnÉn•rfs r•port to th• tru•tg•¥ of AswClt0n fr•r Yoga Studlm IAYSI Ltd Company'l l pOrt to the charity trustees on my exam5nation of the acGount$ ol the Company lor the year ended 31 December 2024. Re$pon•ibilltlos and basks of r•port As the charity's Iru5tees of the Gompany land also its directors lor the purposes of company lawl you are responsible lor the preparatIn of the a¢Unts in accordancè wth the requirÈments ol the Companies Act 20061'lhe 2006 Arfl Having satisfied myself that the accounts trf the Company are not required to trR 8udiled under Part 16 01 the 2006 Act and are eligible for independènt axamination, I ieport in respect of my 8xaminalion ol your ¢h8ffjs accounts as Cale out under Sertrtsn 145 of the Charities Act 2011 1.the 2011 ACYI. In calrying Out my examination I have followed the DiT8ctions given by the Charity CommissKJn under secb.on 145151 Ibl ol the 2011 Act. Indop•n(l•nt •xamln•Vs statèmgnt I have ¢ompl8ted my examination. I confirm that no matters have ¢ome to my attention in connection the ex8minalion gNing me ¢ause to belseve.. accounting records were not kept in ffj$FCt of the Company as requtred by Section 3B6 of the 20{6 Act., or the a¢¢ounts do not attord wth those records", or the accounts do not comply vAth the accounting requifernen15 of seCtn 396 of the 2006 A¢1 other than any reqUIrent that the accounts give a twe and fair view which is not a matter considered as part of an Inde[ndent examination,. or th¢ accounts have not been prepared in a¢cordance th the methods and pNnciples of the Statement ol Recommended Prce for accounting and feporting by charities (appIable to charibes pparing their accounts in a¢cordanGe with the Financial Reporttng Standaid applicable In the UK and Republic ol Ireland IFRS 10211. I have concerns and hawe rne across no other matters in conneclKsn wth the examinabon to whi¢h attention should be dravm in thls report in order to enable a propÈr undeTStandittg of the accounts to be reached. Teren¢e Les1 Smith CA David Shores & Co Ltd 36a Station Road New Milton Hampshire BH25 6JX Date..
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ASSOCIATION FOR YOGA STU AYS LTD STATEMENT OF FINANC lorth Year Ended 31 D ACTf4iTIES r 2024 2024 unrestrt0d fund 2023 Total funds Notes INCOME AND ENDOWMEKfs FROM Donations and 98CS 27.319 32,076 Investment income 674 Total 28,160 32.750 EXPENDITURE ON Raising funds 25,771 27.623 NET INCOME 2,389 5.127 RECONCILIATION OF FUNDS Total funds brought forward 33,421 28,294 TOTAL FUNDS CARRIED FORWARD 35.810 33,421 The notes fomi part of these financial statements Page 5
STU 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Dèbtors Cash at bank 837 39,861 405 37.013 40.498 37,418 CREDITORS Amounts lalling due wthin one year 14.6881 13,9971 NET CURRENT ASSETS 35,810 33.421 TOTAL ASSETS LESS CURRENT LIABILITIES 35.810 33,421 NET ASSETS 35,810 33.421 FUNDS Unre$lrlcted funds 35.810 33.421 TOTAL FUNDS 35.810 33.421 The charitable company15 entle lo 8xempbon from audit under Secth'on 477 of the Companles Act 2006 lor the year ended 31 D8¢ernber 2024 The members havts nol required the company to obtaln an audit ol Ils fingnclal stslemgnts lof th* year ended 31 December 2024 In accordance with Section 476 of the Compan$ Act 2006. The tru8lees acknowledge Ihelr responsibilitie5 lor lal en$uring that the ¢haril8ble company keeps accountlng records Ihgt comply wth Se¢140n$ 386 and 387 01 the Companie8 Act 2006 and preparing financial statements vthictr give a true and fair view of the $181e of affairs ol the chariiable company as at the end ol each linancial year and of Its 5Ufplus or de11¢I1 lor each flnancial year in accordance with the fequirements ol Sections 394 and 395 and which otherwise comply wilh th8 requirements ol the Companies kl 2006 relating to financial staiem8nt5, $0 far as app1#ble lo the ¢h?rit8ble company. Ibl Thes8 financial statements have been prepared In 8¢cordan¢e wth the provisions appIable to cha1&b ¢7panIeS subjeci lo the small compan$ regime. mentB We approved by the Board of Truste and outhorN•d for issue on and were signed on its behall by.. The financlal J A i<lkby- Trusts8 The note$ lom) part of these financial statements Page S
ASS CIATI FOR YOGA STUOIES AY LTD NO TO THE FIN TATEmErS for the Year End•d 31 DOe•mr 2024 ACCOUNTING POLICIES B•8its Ot pr•parlng the financlal st•tsm•ftts The financial statements ol the charrtab1e company, which is a public benefit entty Lsnder FRS 102. have been prepared in aCLordance wth the charle$ SORP IFRS 1021 'AontIng and ReportTrng by Charth"es'. Statement of Recommended Pracb"ce applicable to charities preparing their accounts In accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Irland IFRS 1021 (effective 1 January 2019}'. Ffjnan¢BI Reporbng Sianda¥d 102 'The Financial Reporbng Standard applicable in the UK and Republ of IreLand' and the Companw A¢t 20(. The finaA¢ial statements have been ppar8d under the historul cost convenh"on. Incom• All income i% rwgnised itt the Statement of Financi81 Activit$ on¢e the charity has entitlement to the funds, rf( is probablo Ihat the income wll be received and the amount can be me8sure(J reliabty. Exp•ndltur• Liabilitw are re¢ognssed as expenditure as 500n as there is a legal or ¢onstructNe oblNJatton committing the charity lo th expenditu, il is probable that a transfer of economic benefits wll be required in setuement and the arnount ol the oblKJation can be measuied reliabty. Expenditure is Lounted for on an accruals basis and h8s bn clasSifd under headings that aggregale all cost Telated to the category. Where c051s ¢annot be directty attributed to partscular headings they have b¢en all¢xated to a¢tNit* on a basis nSIstent wth the use of r¢sources. Taxatlon The charity 1$ exempl from Corporation tax on its ¢h8ritsble activiltes. Fund a¢¢ounting Unrestricted fund5 can be used in accordance with the Charitab objeclwes at the diSc.0n of the tru$te¢s. ReStrted funds can only be used for particular r8strKted purposes thIn the objects of the charty. RestrFcbons arise when speafied by the donor or when fvnds are wised for particular $trIcted purposes. Further expknab.on of the nature and purpose of eacli ftind is induded in the notes to the fin8nckg1 statements. INVESTMENT INCOME 2024 2023 Deposit account interesi 841 674 Page 7 conkn"nued...
ASSOCIATION FOR YOGA STUDIES AYS LTD S TO THE FINANCIAL TATEMENTS - ar Ended 31 Doc•mhr 2024 ntlnu•d TRUSTEES. REMUNERATION AND BENEFITS There %¥ere no tnjstees. MneratIOn OT other benefrts for the year ended 31 December 2024 nor ltsr the year on¢Je<l 31 Decèmber 2023. Tru$tse•' •xpgnse* There were no Iruslees, expense5 pawj fof the year en(1ed 31 December 2024 nor lor the year ended 31 De¢omber 2023. STAFF COSTS There were no staff costs IOT the year ended 31 December 2024 nor for the yèar ended 31 December 2023. The average monthly number of empby•es during the year was a5 follows.. 2024 2023 Twstees No employees re¢eNed emoluments in excess of £60,000. DEBTORS.. AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Prepayments 637 405 CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credTrlors Bursary proviwon 8¢COUnt Arxrued expenses 627 1,293 2,077 3,188 4.688 3.997 MOVEMENT IN FUNDS Net movement In funds At 31.12.24 At1.1.24 Unrestrfctod fund• General fund 33,421 2.389 35.810 TOTAL FUNDS 33,421 2,389 35.810 Page 8 continued...
OCIATION F A STUOIE AYS LTD NOTES TO T for the Y•ar End FINAP4C TATEMENTS- 31 D•cwnb•r 2024 ontinu•d MOVEMENT IN FLIND8- eoNtlnuod Nel Movement in lunds, included in the above are as ftrtlows.. Incoming resources Resources expended Movement in fund5 UnTestrieted funds General fund 28,160 125.7711 2,389 TOTAL FUNDS 28.160 125,7711 2.389 Com[*tIVeS lor mov•mMt In funds Nel movemenl in funds At 31.12.23 At 1.1.23 Unrestricled funds General fund 28.294 5,127 33,421 TOTAL FUNDS 28.294 5.127 33.421 Comparative net movement in funds, included in the above are as follows.. Incoming reso¥rce$ Resources expended Movement in lynt¥s UnrMtrlctEd funds General ftjnd 32,750 127,6231 5.127 TOTAL FUNDS 32,750 127,6231 5.127 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in fvn¢$ Al 31.12.24 At 1.1.23 Unrestricted fund• General fund 28,294 7,516 35,810 TOTAL FU14DS 28,294 7,516 35.810 Page 9 Continued...
ASSOCIA TUDIES AYS LTD NOTES TO THE FIPIANCIAL STATEMENTS- fof ••r End 31 Dec•mber 20 ntlnued MOVEMENf IN FUNDS- ¢ontlnued A ct2fTent year 12 months and prior year 12 months Mbined net movement in funds. included the above ale as follows.. Ir¢cornillg sources Resources expended Movement in funds Unrestrlcted fundo General fund 60,910 153.3941 7,516 TOTAL FUNDS 60,910 153,3941 7,516 RELATED PARfi DISCLOSURES There were rko related party transactions lor the year ended 31 Decembèr 2024. Page 10
tlon sts urè 12 Months 12 Month• ended •ndod 31.12.24 31.12.23 M•mbor¥hlp F* R•c•lv•d Friènds Student¥ Tèachers Gift Aid Reclaimed on MembérBhip F•es Total m8mbofship fe85 roc8i¥8d 1.266 102 4.120 111 5,599 1,175 100 4,270 117 5,662 Communlty Prol•cts: InccThe from Communty Pr(¥ts Expenditure for Commvnity Projects Community Prolgcl N¥t Inwne 2,465 12.4651 Gonwal Expenw: W&b $rte Adminislrakn"vo support Diredors, and officer3. insurarkce SoffvAre and compulef &iuipmgnl Postage Journal expenses BCYT & Yoga Therapy AssocAation mbShIp Le981 gnd Profe$8Th81 Fees Accounting Fees B8nk charges Paypal & Stripe paym8nt txJmm¢ssion Thank you grft$ 12001 19261 14751 15491 12491 11,0441 12221 11381 12251 12001 15261 12951 13001 14491 16401 11061 1251 1381 11241 1501 Totsl ggn•rnl expgns 14.2171 13,5061 Mèmbernhip Fwa A•c•lv8d lèss General oXP•M89 1.382 2.156
catlon ryo a Stud ntottn an èndl eontlnu 12 Month$ 12 Month$ ond end•d 31.12.24 31.12.Z3 AYS Convontlon In person atterk1Ce fee OnlinwReeordings fees reulved 21,080 565 23,588 Expèns•s Acc(mmodabon Teathing f¢8$. nary spgakers Addrtional SpeakwslFacilrtatOfS Travel expenses & visas Insurence Organisatn lees Gilts P8ypal & stri paymonl tommission Zoom & Vimeo Llcences 117,4121 16311 117 2441 18431 13001 18371 11091 11941 18931 1271 13541 12271 1.798 12 I0} 12461 2,237 Surplus I Idgficltl on ay¥ Conventitin 8ank intértsst received Donatths 674 75 Not Incom• fof day to day actl¥llle 4,096 5.127 Bur$or1 aw•rd•d 117071 Fvnds transferred Irom unlncoyporated ay8 N•t In¢om• for current y•a*s adiviti•s 2.389 5,127