2024-11-30-accounts - Mahayogi Siddhababa Spiritual Academy, UK

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Mahayogi Siddhababa Spiritual Academy UK

Charity No. 1200605

Company No. 11657377

Trustees' Report and Unaudited Accounts

30 November 2024

Mahayogi Siddhababa Spiritual Academy UK Contents

	Pages
Trustees' Annual Report		2
Independent Examiner's Report		3
Statement of Financial Activities		4
Summary Income and Expenditure Account		5
Balance Sheet		6
Statement of Cash flows		7
Notes to the Accounts		8
Detailed Statement of Financial Activities	9 to	13

Page 1

Mahayogi Siddhababa Spiritual Academy UK Trustees Annual Report

Himalayan Siddha Mahayog

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 November 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 11657377

Charity No. 1200605

Registered Office

57 Whitton Avenue East, Greenford, UB6 0QB

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

G.P. Ghimire U.R. Lamsal L.K. Shrestha

Company Secretary

U.R. Lamsal

Accountants

Ashna Limited 40 Lewis Road Welling Kent DA16 1SD

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

G.P. Ghimire Trustee 26 August 2025

Page 2

Mahayogi Siddhababa Spiritual Academy UK Independent Examiners Report

Independent Examiner's Report to the trustees of Mahayogi Siddhababa Spiritual Academy UK

I report to the charity trustees on my examination of the financial statements of Mahayogi Siddhababa Spiritual Academy UK for the year ended 30 November 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Shekhar Sharma FCCA Forward Accountancy Services Ltd 16 Beresford Square Woolwich London

SE18 6AY 26 August 2025

Page 3

Mahayogi Siddhababa Spiritual Academy UK Statement of Financial Activities

for the year ended 30 November 2024

Unrestricted funds 2024 £ 28,365 8,068 - 20,636	Restricted funds 2024 £ - - 4,100 -	Total funds 2024 £ 28,365 8,068 4,100 20,636	Total funds 2023 £ 33,037 39,860 19,006 260
57,069 2,923 13,295 5,493	4,100 - - -	61,169 2,923 13,295 5,493	92,163 12,259 22,067 1,801
21,711 -	- -	21,711 -	36,127 -
35,358 -	4,100 -	39,458 -	56,036 -
35,358	4,100	39,458	56,036
35,358 80,139	4,100 21,256	39,458 101,395	56,036 45,359
115,497	25,356	140,853	101,395

Page 4

Mahayogi Siddhababa Spiritual Academy UK Summary Income and Expenditure Account

for the year ended 30 November 2024

Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year	2024 £ 57,069 4,100 61,169 19,998 1,713 21,711 39,458 39,458	2023 £ 73,157 19,006
		92,163
		35,761 379
		36,140
		56,023
		56,023

Page 5

Mahayogi Siddhababa Spiritual Academy UK Balance Sheet

at 30 November 2024

Company No. 11657377 Notes 2024 £ Fixed assets Tangible assets 13 5,140 5,140 Current assets Cash at bank and in hand 135,813 135,813 Creditors:Amount falling due within one year 14 (100) Net current assets 135,713 Total assets less current liabilities 140,853 Net assets excluding pension asset or liability 140,853 Total net assets 140,853 The funds of the charity Restricted funds 15 Restricted income funds 25,356 25,356 Unrestricted funds 15 General funds 115,497 115,497 Reserves 15 Total funds 140,853	2023 £ 1,132
	1,132 100,362
	100,362 (99)
	100,263 101,395
	101,395
	101,395
	21,256
	21,256 80,139
	80,139
	101,395

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 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 26 August 2025

And signed on its behalf by:

G.P. Ghimire Trustee

26 August 2025

Page 6

Mahayogi Siddhababa Spiritual Academy UK Statement of Cash flows for the year ended 30 November 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease in stocks Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2024 £ 39,458 1,713 (24,736) - 1 16,436 (5,719) 24,736 19,017 - 35,453 100,362 135,815 135,813 135,813	2023 £ 56,023 379 (19,266) 180 -
		37,316 (1,357) 19,266
		17,909

		-

		55,225
		45,026
		100,251

		100,362

		100,362

Page 7

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

for the year ended 30 November 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 10

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Investments Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Income from Donation 5 Income from charitable activities Income from charitable Activities	Unrestricted funds 2023 £ 33,037 39,860 19,006 260 92,163 12,259 22,080 1,801 36,140 56,023 56,023 56,023 43,110 99,133 Unrestricted £ 3,078 3,075 22,212 28,365 Unrestricted £ 8,068 - 8,068	Restricted funds 2023 £ - - - - - - - - - - - - 2,250 2,250 Total 2024 £ 3,078 3,075 22,212 28,365 Total 2024 £ 8,068 - 8,068	Total funds 2023 £ 33,037 39,860 19,006 260
			92,163 12,259 22,080 1,801
			36,140
			56,023
			56,023
			56,023 45,360
			101,383
			Total 2023 £ 5,202 27,835 -
			33,037
			Total 2023 £ 30,310 9,550
			39,860

Page 11

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

6 Income from investments

Restricted £ 4,100 4,100 Unrestricted £ - 19,702 931 3 20,636	Total 2024 £ 4,100 4,100 Total 2024 £ - 19,702 931 3 20,636	Total 2023 £ 19,006
		19,006
		Total 2023 £ 260 - - -
		260

Unrestricted £ 2,923 2,923 Unrestricted £ 13,295 - - 13,295	Total 2024 £ 2,923 2,923 Total 2024 £ 13,295 - - 13,295	Total 2023 £ 12,259
		12,259
		Total 2023 £ 21,246 151 670
		22,067

Page 12

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

10 Other expenditure

Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 11 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 12 Staff costs No employee received emoluments in excess of £60,000. 13 Tangible fixed assets Cost or revaluation At 1 December 2023 Additions At 30 November 2024 Depreciation and impairment At 1 December 2023 Depreciation charge for the year At 30 November 2024 Net book values At 30 November 2024 At 30 November 2023 14 Creditors: amounts falling due within one year Other creditors Accruals	Unrestricted £ - 1,713 3,346 434 5,493 2024 £ 1,713 2024 £ 100 - 100	Total 2024 £ - 1,713 3,346 434 5,493 £ 1,564 5,719 7,283 430 1,713 2,143 5,140 1,134	Total 2023 £ 180 379 1,142 100
			1,801
			2023 £ 379 £ 1,564 5,719
			7,283
			430 1,713
			2,143
			5,140
			1,134
			2023 £ 100 (1)
			99

Page 13

Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts

15 Movement in funds

Incoming resources (including other gains/losses ) £ 4,100 4,100 57,069 61,169 Unrestricted funds £ 5,140 114,457 119,597 At 1 December 2023 £	Resources expended £ - - (21,711) (21,711) Restricted funds £ - 21,256 21,256 Cash flows £	At 30 November 2024 £ 25,356
		25,356
		115,497
		140,853
		Total £ 5,140 135,713
		140,853
		At 30 November 2024 £
100,362	35,451	135,813
100,362 100,362	35,451 35,451	135,813
		135,813

18 Related party disclosures Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

Mahayogi Siddhababa Spiritual Academy UK Detailed Statement of Financial Activities

for the year ended 30 November 2024

Income and endowments from: Donations and legacies Income from Donation Charitable activities Income from charitable Activities Investments Investment Income-Regarding Ashram in the UK Other Total income and endowments Expenditure on: Costs of generating donations and legacies Total of expenditure on raising funds Charitable activities Income from charitable Activities Total of expenditure on charitable activities Other premises costs	Unrestricte d funds 2024 £ 3,078 3,075 22,212 28,365 8,068 - 8,068 - - - 19,702 931 3 20,636 57,069 2,923 2,923 2,923 13,295 - - 13,295 13,295 - -	Restricted funds 2024 £ - - - - - - - 4,100 4,100 - - - - - 4,100 - - - - - - - - - -	Total funds 2024 £ 3,078 3,075 22,212 28,365 8,068 - 8,068 4,100 4,100 - 19,702 931 3 20,636 61,169 2,923 2,923 2,923 13,295 - - 13,295 13,295 - -	Total funds 2023 £ 5,202 27,835 -
				33,037
				30,310 9,550
				39,860
				19,006
				19,006
				260 - - -
				260
				92,163 12,259
				12,259
				12,259 21,246 151 670
				22,067
				22,067 180
				180

Page 15

Mahayogi Siddhababa Spiritual Academy UK Detailed Statement of Financial Activities

General administrative costs, including depreciation and amortisation Depreciation of Bank charges Information and publications Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,713 125 - 1,989 21 1,193 18 5,059 100 34 300 434 5,493 21,711 - 35,358 35,358 - 35,358 80,139 115,497	- - - - - - - - - - - - - - - 4,100 4,100 - 4,100 21,256 25,356	1,713 125 - 1,989 21 1,193 18 5,059 100 34 300 434 5,493 21,711 - 39,458 39,458 - 39,458 101,395 140,853	379 113 515 - - - 514
				1,521
				100 - -
				100

				1,801
				36,127 -
				56,036
				56,036 -
				56,036
				45,359
				101,395

Page 16

Summarised Trial Balance for Period 01/12/2023 to 30/11/2024 for Mahayogi Siddhababa Spiritual Academy UK

	Original Trial	Aggregated	Final Trial	Prior Period
	Balance	Journals	Balance	Final Trial
				Balance
	£	£	£	£
Income from donations and legacies
Donations and legacies - 1	-	(3,079.69)	(3,079.69)	(5,203.25)
Donations and legacies - 2	-	(3,075.00)	(3,075.00)	(27,835.10)
Donations and legacies - 3	-	(22,212.01)	(22,212.01)	-
Income from charitable activities
Charitable activities - 1	-	(8,067.55)	(8,067.55)	(30,310.16)
Charitable activities - 3	-	-	-	(9,550.00)
Investment income
Investment income - 1	-	(4,100.00)	(4,100.00)	(19,005.72)
Other income
Other incoming resources - 1	-	-	-	(260.00)
Other incoming resources - 2	-	(19,701.64)	(19,701.64)	-
Other incoming resources - 3	-	(931.00)	(931.00)	-
Other incoming resources - 4	-	(3.04)	(3.04)	-
Costs of generating income from donations and legacies
Costs of generating income from donations and legacies	-	2,923.00	2,923.00	12,259.42
Charitable activities
Charitable activities costs - 1	-	13,295.20	13,295.20	21,246.00
Charitable activities costs - 3	-	-	-	151.00
Charitable activities costs - 4	-	-	-	670.00
Administrative expenses
Administrative expenses premises costs - Other	-	-	-	180.36
Administrative expenses - Depreciation - TFA 4	-	1,713.25	1,713.25	378.59
General administrative costs - Bank charges	-	125.29	125.29	113.36
General administrative costs - Information and	-	-	-	515.33
General administrative costs - Software, IT support and	-	1,988.99	1,988.99	-
General administrative costs - Stationery and printing	-	20.79	20.79	-
General administrative costs - Subscriptions	-	1,193.31	1,193.31	-
General administrative costs - Sundry expenses	-	18.10	18.10	514.00
Legal and professional costs - Audit/Independent	-	100.00	100.00	100.00
Legal and professional costs - Accountancy and	-	34.00	34.00	-
Legal and professional costs - Other legal and	-	300.00	300.00	-
	_____	_____	_____	_____
TOTAL : Profit And Loss Account	- _____	(39,458.00) _____	(39,458.00) _____	(56,036.17) _____
Tangible FA - Unrestricted funds
TFA 4 [Fixtures, fittings and equipment] - Cost - b/fwd	1,563.85	-	1,563.85	206.44
TFA 4 [Fixtures, fittings and equipment] - Cost -	-	5,718.73	5,718.73	1,357.41
TFA 4 [Fixtures, fittings and equipment] - Depreciation	(430.09)	-	(430.09)	(51.50)
TFA 4 [Fixtures, fittings and equipment] - Depreciation	-	(1,713.25)	(1,713.25)	(378.59)
Cash at bank and in hand - Unrestricted funds
Current accounts	79,028.75	35,525.14	114,553.89	79,028.75
Deposit accounts	-	3.04	3.04	-
Petty cash	77.66	(77.66)	-	76.66
Cash at bank and in hand - Restricted funds
Current accounts	21,256.00	-	21,256.00	21,256.00
Creditors Less Than One Year - Unrestricted funds
Other Creditors	(102.00)	2.00	(100.00)	(100.00)
Accruals	1.00	-	1.00	-
Unrestricted funds
General purposes fund - B/fwd	(80,139.17)	-	(80,139.17)	(43,109.00)
Restricted funds

Page 1 of 2

Prepared by: Ashna Limited on 29/08/2025 at 19:26

Summarised Trial Balance for Period 01/12/2023 to 30/11/2024 for	Summarised Trial Balance for Period 01/12/2023 to 30/11/2024 for	Mahayogi Siddhababa Spiritual	Mahayogi Siddhababa Spiritual	Academy UK
Restricted fund 1 - B/fwd	(21,256.00)	-	(21,256.00)	(2,250.00)
	_____	_____	_____	_____
TOTAL : Balance Sheet	- _____	39,458.00 _____	39,458.00 _____	56,036.17 _____
	_____	_____	_____	_____
GRAND TOTALS	- _____	- _____	- _____	- _____

Page 2 of 2

Prepared by: Ashna Limited on 29/08/2025 at 19:26