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 FIna￿la1 AC￿V￿1 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$lèes who a￿ also directors of the charity for the purposes of the Compantes Act 2006, p￿sent treir report the finan¢i81 Statements of the charity for the year ended 31 De¢embeT 2024. The tru5tee5 have adopted the provisions of Accounb'ng and Reporting by chari￿s.. Statement of Recomrnend¢d Pr3cbce appl￿ble to Chari￿5 preparing their accounts in accordan￿ wth the Fin8n¢i81 Reporting Standard applkable in the UK and R•public ol Ife*nd IFRS 1021 leffective 1 Jan￿ry 20191. OBJECTIVES AND ACTIVITIES Objectlves and alm8 The charltls objects as detailed ty ts Memorandum of Associat￿n are.. ays is keen lo support memters to deveksp thelr yoga knowledge and teaching by promoting and offering events. indu¢Jing an annual convention, workshops. Sethtres, and offerfng bursaries vthere required to supptsrt thi$. 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$ tradit￿n. 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 a￿d￿nce than our members, the￿bY meeting our aim to Inform the publK. An anr*ual conventKJn is held which is or*n to the gtneial p¢Jblic and members and offers a hwjtt stsndard of lectures and workshops. Teacher members list their events on the ays webs*te aS￿s￿n9 the general puU*c'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 knOw￿dge 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 De￿fftber 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 p*nary 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 knOw￿dge of yog8 in this tradit￿)n. Continuing ProfessK*nal 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, opIn￿nS, revws and adveth.sing of events vthich may be attended by non-members Onee or a year, ays also projuces a magazine cal￿d 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 stud￿8 ￿th TKV Desikachar Bookings have exceeded expeCta￿S 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 stud￿5 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 wa￿S) 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 AswCl*t￿0n 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$pon•ibilltlos and basks of r•port As the charity's Iru5tees of the Gompany land also its directors lor the purposes of company lawl you are responsible lor the preparat￿In of the a¢￿Unts in accordancè wth the requirÈments ol the Companies Act 20061'lhe 2006 Arfl Having satisfied myself that the accounts trf the Company are not required to trR 8udiled under Part 16 01 the 2006 Act and are eligible for independènt axamination, I ieport in respect of my 8xaminalion ol your ¢h8ffjs accounts as Ca￿le￿ out under Sertrtsn 145 of the Charities Act 2011 1.the 2011 ACYI. In calrying Out my examination I have followed the DiT8ctions given by the Charity CommissKJn under secb.on 145151 Ibl ol the 2011 Act. Indop•n(l•nt •xamln•Vs statèmgnt I have ¢ompl8ted my examination. I confirm that no matters have ¢ome to my attention in connection the ex8minalion gNing me ¢ause to belseve.. accounting records were not kept in ffj$F*Ct 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 seCt￿n 396 of the 2006 A¢1 other than any reqUIre￿nt 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 Pr￿ce for accounting and feporting by charities (appI￿able to charibes p￿paring 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.. >o.3C P8ge4 ASSOCIATION FOR YOGA STU AYS LTD STATEMENT OF FINANC lorth Year Ended 31 D ACTf4iTIES r 2024 2024 unrestr￿t0d fund 2023 Total funds Notes INCOME AND ENDOWMEKfs FROM Donations and ￿98C￿S 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$lrlcted funds 35.810 33.421 TOTAL FUNDS 35.810 33.421 The charitable company15 entl￿e￿ lo 8xempbon from audit under Secth'on 477 of the Companles Act 2006 lor the year ended 31 D8¢ernber 2024 The members havts nol required the company to obtaln an audit ol Ils fingnclal stslemgnts lof th* year ended 31 December 2024 In accordance with Section 476 of the Compan￿$ 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, $0 far as app1￿#ble lo the ¢h?rit8ble company. Ibl Thes8 financial statements have been prepared In 8¢cordan¢e wth the provisions appI￿able to cha￿1&b ¢￿7panIeS subjeci lo the small compan￿$ 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