Mahayogi Siddhababa Spiritual Academy UK
Charity No. 1200605
Company No. 11657377
Trustees' Report and Unaudited Accounts
30 November 2025
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 | 15 to | 16 |
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 2025.
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 Accountants 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 17 June 2026
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 2025.
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.
Mr Shekhar Sharma ACCA
Forward Accountancy Services Limited 16 Beresford Square Woolwich London SE18 6AY 17 June 2026
Page 3
Mahayogi Siddhababa Spiritual Academy UK Statement of Financial Activities
for the year ended 30 November 2025
| Notes Income and endowments from: Donations and legacies 4 Investments 5 Other 6 Total Expenditure on: Raising funds 7 Other 8 Total Net gains on investments Net income 9 Transfers between funds 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 |
Unrestricted funds 2025 £ 31,994 - 18,863 |
Restricted funds 2025 £ - 6,808 - |
Total funds 2025 £ 31,994 6,808 18,863 |
Total funds 2024 £ 36,433 4,100 20,636 |
|---|---|---|---|---|
| 50,857 21,427 3,614 |
6,808 - - |
57,665 21,427 3,614 |
61,169 16,218 5,493 |
|
| 25,041 - |
- - |
25,041 - |
21,711 - |
|
| 25,816 - |
6,808 - |
32,624 - |
39,458 - |
|
| 25,816 | 6,808 | 32,624 | 39,458 | |
| 25,816 115,496 |
6,808 25,356 |
32,624 140,852 |
39,458 101,393 |
|
| 141,312 | 32,164 | 173,476 | 140,851 |
Page 4
Mahayogi Siddhababa Spiritual Academy UK Summary Income and Expenditure Account
for the year ended 30 November 2025
| 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 |
2025 £ 50,857 6,808 57,665 23,756 1,285 25,041 32,624 32,624 |
2024 £ 57,069 4,100 |
|---|---|---|
| 61,169 | ||
| 19,998 1,713 |
||
| 21,711 | ||
| 39,458 | ||
| 39,458 |
Page 5
Mahayogi Siddhababa Spiritual Academy UK Balance Sheet
at 30 November 2025
| Company No. 11657377 Notes 2025 £ Fixed assets Tangible assets 11 3,855 3,855 Current assets Cash at bank and in hand 169,721 169,721 Creditors:Amount falling due within one year 12 (100) Net current assets 169,621 Total assets less current liabilities 173,476 Net assets excluding pension asset or liability 173,476 Total net assets 173,476 The funds of the charity Restricted funds 13 Restricted income funds 32,164 32,164 Unrestricted funds 13 General funds 141,312 141,312 Reserves 13 Total funds 173,476 |
2024 £ 5,140 |
|---|---|
| 5,140 135,811 |
|
| 135,811 (100) |
|
| 135,711 140,851 |
|
| 140,851 | |
| 140,852 | |
| 25,356 | |
| 25,356 115,496 |
|
| 115,496 | |
| 140,852 |
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 2025 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 10 June 2026
And signed on its behalf by:
G.P. Ghimire
Trustee
17 June 2026
Page 6
Mahayogi Siddhababa Spiritual Academy UK Statement of Cash flows for the year ended 30 November 2025
| 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 Net cash provided by operating activities Cash flows from investing activities 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 |
2025 £ 32,624 1,285 (25,671) 8,238 25,671 25,671 - 33,909 135,811 169,720 169,721 169,721 |
2024 £ 39,458 1,713 (24,736) |
|---|---|---|
| 16,435 24,736 |
||
| 19,017 | ||
| - | ||
| 35,452 | ||
| 100,362 | ||
| 135,814 | ||
| 135,811 | ||
| 135,811 |
Page 7
Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts
for the year ended 30 November 2025
- 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 investments Investment Income-Regarding Ashram in the UK |
Unrestricted funds 2024 £ 28,365 8,068 - 20,636 57,069 2,923 13,295 5,493 21,711 35,358 35,358 35,358 80,139 115,497 Unrestricted £ 2,450 - 29,544 31,994 Restricted £ 6,808 6,808 |
Restricted funds 2024 £ - - 4,100 - 4,100 - - - - 4,100 4,100 4,100 21,254 25,354 Total 2025 £ 2,450 - 29,544 31,994 Total 2025 £ 6,808 6,808 |
Total funds 2024 £ 28,365 8,068 4,100 20,636 |
| 61,169 2,923 13,295 5,493 |
|||
| 21,711 | |||
| 39,458 | |||
| 39,458 | |||
| 39,458 101,393 |
|||
| 140,851 | |||
| Total 2024 £ 3,078 3,075 30,280 |
|||
| 36,433 | |||
| Total 2024 £ 4,100 |
|||
| 4,100 |
Page 11
Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts
6 Other income
| 7 Expenditure on raising funds Costs of generating voluntary income Income from Donation 8 Other expenditure Employee costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs No employee received emoluments in excess of £60,000. |
Unrestricted £ 15,986 1,190 1,687 18,863 |
Total 2025 £ 15,986 1,190 1,687 18,863 |
Total 2024 £ 19,702 931 3 |
|---|---|---|---|
| 20,636 | |||
| Unrestricted £ 21,276 151 21,427 Unrestricted £ 323 1,285 1,226 780 3,614 2025 £ 1,285 |
Total 2025 £ 21,276 151 21,427 Total 2025 £ 323 1,285 1,226 780 3,614 |
Total 2024 £ 16,218 - |
|
| 16,218 | |||
| Total 2024 £ - 1,713 3,380 400 |
|||
| 5,493 | |||
| 2024 £ 1,713 |
Page 12
Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts
11 Tangible fixed assets
| 11 Tangible fixed assets | ||||
|---|---|---|---|---|
| Cost or revaluation At 1 December 2024 At 30 November 2025 Depreciation and impairment At 1 December 2024 Depreciation charge for the year At 30 November 2025 Net book values At 30 November 2025 At 30 November 2024 12 Creditors: amounts falling due within one year Other creditors 13 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds 14 Analysis of net assets between funds Fixed assets Net current assets |
At 1 December 2024 25,356 25,356 115,496 140,852 |
2025 £ 100 100 Incoming resources (including other gains/losses ) £ 6,808 6,808 50,857 57,665 Unrestricted funds £ 3,855 162,813 166,668 |
£ 7,283 7,283 2,143 1,285 3,428 3,855 5,140 Resources expended £ - - (25,041) (25,041) Restricted funds £ - 6,808 6,808 |
£ 7,283 |
| 7,283 | ||||
| 2,143 1,285 |
||||
| 3,428 | ||||
| 3,855 | ||||
| 5,140 | ||||
| 2024 £ 100 |
||||
| 100 | ||||
| At 30 November 2025 £ 32,164 |
||||
| 32,164 | ||||
| 141,312 | ||||
| 173,476 | ||||
| Total £ 3,855 169,621 |
||||
| 173,476 |
Page 13
Mahayogi Siddhababa Spiritual Academy UK Notes to the Accounts
15 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 December 2024 £ |
Cash flows £ |
At 30 November 2025 £ |
| 135,811 | 33,910 | 169,721 | |
| 135,811 135,811 |
33,910 33,910 |
169,721 | |
| 169,721 |
16 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 2025
| Income and endowments from: Donations and legacies Income from Donation Investments Investment Income-Regarding Ashram in the UK Other Total income and endowments Expenditure on: Costs of generating donations and legacies Income from Donation Total of expenditure on raising funds Employee costs Staff welfare General administrative costs, including depreciation and amortisation Depreciation of Bank charges Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Legal and professional costs |
Unrestricte d funds 2025 £ 2,450 - 29,544 31,994 - - 15,986 1,190 1,687 18,863 50,857 21,276 151 21,427 21,427 323 323 1,285 76 - - 1,100 50 2,511 |
Restricted funds 2025 £ - - - - 6,808 6,808 - - - - 6,808 - - - - - - - - - - - - - |
Total funds 2025 £ 2,450 - 29,544 31,994 6,808 6,808 15,986 1,190 1,687 18,863 57,665 21,276 151 21,427 21,427 323 323 1,285 76 - - 1,100 50 2,511 |
Total funds 2024 £ 3,078 3,075 30,280 |
|---|---|---|---|---|
| 36,433 | ||||
| 4,100 | ||||
| 4,100 | ||||
| 19,702 931 3 |
||||
| 20,636 | ||||
| 61,169 16,218 - |
||||
| 16,218 | ||||
| 16,218 - |
||||
| - | ||||
| 1,713 125 1,989 21 1,193 52 |
||||
| 5,093 | ||||
Page 15
Mahayogi Siddhababa Spiritual Academy UK Detailed Statement of Financial Activities
| Mahayogi Siddhababa Spiritual Academy UK Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Audit/Independent examination fees Consultancy fees 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 |
100 680 - 780 3,614 25,041 - 25,816 25,816 - 25,816 115,496 141,312 |
- - - - - - - 6,808 6,808 - 6,808 25,356 32,164 |
100 680 - 780 3,614 25,041 - 32,624 32,624 - 32,624 140,852 173,476 |
100 - 300 |
| 400 | ||||
| 5,493 | ||||
| 21,711 - |
||||
| 39,458 | ||||
| 39,458 - |
||||
| 39,458 | ||||
| 101,393 | ||||
| 140,851 |
Page 16