OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

TRUSTEES REPORT

The Trustees who served in 2023 are Philip Jefferies (Chairman) Arvind Kerai and Michelle Tchoukov.

Recruitment and Appointment of Trustees

The power to appoint new trustees is vested in the members of the charity. In considering the recruitment of a new trustee the members would look to individuals with experience, empathy and knowledge of the charity’s work

Fundraising in 2023

The Trustees are aware of their responsibility and accountability to ensure the charity fundraises legally, responsibly and effectively. We do not use professional fundraisers or commercial agencies to fundraise and rely on volunteers. We are very grateful to the support of volunteers who participate by helping with cooking, classes, book distribution, organising festivals and dramas, supporting our educational events. We thank all our volunteers for their time, expertise and commitment which helps us raise awareness of the charity and maintain high standards of service

2024 Goal

2025 Goal

Charity Objectives

The objectives of the charity are to advance, transmit, spread and propagate the religion of Krishna Consciousness as revealed in the teachings of Bhagavad Gita As It Is and Srimad Bhagavatam as taught by the Founder - Acarya A.C. Bhaktivedanta Swami Prabhupada and in accordance with the tenets of the International Society for Krishna Consciousness.

Atma Lounge is guided by the seven purposes that our Founder-Acarya, His Divine Grace A.C. Bhaktivedanta Swami Prabhupada, established when ISKCON was inaugurated. These purposes stand as our objectives for the charity.

The seven purposes of ISKCON are as follows:

  1. To systematically propagate spiritual knowledge to society at large and to educate all people in the techniques of spiritual life in order to check the imbalance of values in life and to achieve real unity and peace in the world.

  2. To propagate a consciousness of Krishna (God), as it is revealed in the great scriptures of India, Bhagavad Gita and Srimad-Bhagavatam.

  3. To bring the members of the Society together with each other and nearer to Krishna, the prime entity, thus developing the idea within the members, and humanity at large, that each soul is part and parcel of the quality of Godhead (Krishna).

  4. To teach and encourage the sankirtana movement, congregational chanting of the holy name of God, as revealed in the teachings of Lord Sri Caitanya Mahaprabhu.

  5. To erect for the members and for society at large a holy place of transcendental pastimes dedicated to the personality of Krishna.

  6. To bring the members closer together for the purpose of teaching a simpler, more natural way of life.

  7. With a view towards achieving the aforementioned purposes, to publish and distribute periodicals, magazines, books and other writings.

In order to achieve the above objectives we use the following strategies:

Ocannon Registration number. CE031043 Charity number 1201H8 Charte￿d Certrfied Accountants ATMA Lounge Annual Report and Unaudited Financial St*ements for the Year Ended 31 December 2023 Cannon and Company Accountants Limited Chartered Certified Accountants Uni( l A Park Farm Industrial Estate Folkesione Kent CT19 SEY

ContAts Refrren¢e and Administr•11￿ Det•iLT IndeF¢ndent Exarninerfs Rep￿t Statement of Financial Activities Balance Str*¢t Notes lo the Financial Ststeme Sto12

ATMA LouDge Referenee And AdmiDiStrgtive Detalb Mr P A Jefferies Trnstees Ms M Tchoukov MrAVKerni Mr P A Jefferies ChArlty RegistrxtioD Number 1201448 Company Registratiots Number CE031043 The charity is incorp)Tated in En8land and Wales. 54 &54A The Old High CT20 IRN Folkestone Keni CT20 IRN Regi5ter¢d office Ind¢p¢Trd¢n¢ Ex*miner Cannon and Company Accountants Limit¢d UDlt IA Park Farni Road Park Fann Industrial Eswe FolkeMone Keni cr195EY

ATMA Lounge Independent Examiner'5 Report to tbe trusttts of ATMA Lounge ('the Company,) report to the ¢harity tswte¢5 on my examination of the accounts of th¢ Company for the year ended 31 December 2023. Responsibilltles and basis of report As the charity's trustees of the Company (and also its direaors for the purrM)ses of company law) you are responsible for the preparaiion of the accounts in acwrdance with the requirements of the Companies Act 2006 ('the 2￿6 Act,). Having satisfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In C￿Ing oui my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 A￿. Independent examin¢r's statement I have completed my examination. I confirni that no matters have come to my attention in connedion with the examination giving me cause to believe.. accounting Tecords were noi keo in rwect of ATMA Lounge as Tequired by section 386 of the 2006 Aet; 2. the accounts do not ac￿rd with those Tecords: or 3. the accounts do not comply with the accounting requiTements of section 396 of the 2006 Act other than any requirement thai ihe accounts give a 'trI￿ and fair vi¢W which is not a matter ron5idered &s part of an independent examinaiion- or 4. th¢ a¢counts have not been prepared in accordance with the methoth and principles of the Stafrment of Recommended Prnctice for accounting and reporting by clwiiies [applicable to chariiies preparing their actounts 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 dra￿￿ irt this report in order io enable a proper understanding of the accounts to be Teached. Unit IA Park Farni Road Park Fami Industrial Eslate Folkesione Kent CT19 SEY 14 October 2024 Page 2

ATMA Lounge Statement of FinaDeial A¢tivities for the Year Ended 31 December 2023 (Including Income and Expenditure Ae¢ount and StAtement of Total Reeognised G4iDS and Losses) Unmtrltted fuods Total 2023 Note Income and Endowm¢nts from: Donations and legacies Total income 75,133 75.133 75,133 75.133 Expenditur¢ on: Raising fijnds Total expendirure Net income (945) (945 (945) 945 74,188 74,188 Net movemeni in fijnds 74.188 74,188 ReeonciliAtiQD of funds Totsl fijnds carried forward 10 74.188 74.188 All of the charity's activilies deriv¢ from coniinuing 0[￿lI0nS during th¢ above perio(L The notes on pages 5 to 12 forni an integal part of these financial staternents. Page 3

ATMA Lounge (Registration number: CE031043) Ba12Dce Sheet as at 31 December 2023 2023 Not¢ Current •3sets Cash at bank and in hand 75.088 Creditors: Amounts f*lling due wlthin one year Net assets (9(M) 74,188 Funds of the eharity: Unrestricted income funds Unrestricted funds 74.188 Tot81 funds 10 74.188 The financial siaiements on pages 3 to 12 were approved by the try￿ee$, and authorised foT issue on 14 October 2024 and signed on their behalf by= Mr P A Jefferies Chairnian and trustee The notes on pages 5 to 12 fomi an iniegyal part of these fuAncial sthtements. Page 4

ATMA Lounge Noteg to the Financial Statemellts for the Year Ended 31 Deeember 2023 I Chrlty sts¢us The charity is limited by guaranlee. incorporaied in England and Wale& and consequenily does not have share pital. Each of the trustees is liable to wntribule on Jmount rtot exceediAg £Nil toward5 the assets of the charity an the event of liquidation. The address of its registered office is: 54 &54A The Old High CT20 IRN Folkestone Kent CT20 IRN These financial statements were authorised for issue by the trustees on 14 Odober 2024. 2 AeeouD¢iDg policies Summary of 518nifieant teouDting poli¢i¢s key arroun¢ing estimate The principal accounting policies applied in ihe preparaiion of these fmancial sthiements aTe set out below. These policies have been consi5tenily applied to all the years presenied, unless otherwise staled. Statement of compliance The financial statements have been prepared in accordance wilh Accounting and Reporting by Charities: Stsicment of Recorntnended Practice (applicable io chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211 (issued in Ociober 2019) - {Charities SORP IFRS 102)), the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Aci 2006_ Basis ofprepargtion ATMA Lounge m¢¢ts the definition of a public benefit ertlity under FRS 102. Assets and liabilities are initialty recognised ai historical cost or transaction value unless otherwise stated in the relevant accouniing wlicy notes. Going ronc¢rn The trustees consider thai ihere are no material un¢ertainlies about the charity's ability to continue as a going ¢oncern nor any significant are&s of uncertainty that affeci the Ca￿ying value of assets held by the cFthrity. Income and endowments All income 15 recognised once the charity h&5 entiilement io the income. it is probable that the income will be received and the amouni of the income receivable can be measured reliably. Don¢Tlions ond legueles Donation5 are recognised when the charity has been notified in writing of bth the amount and settlement dale. In the event thai a donation is subject io conditions thai require a level of perforniance by the charity before the charity is eniiiled to the fi￿d5. the income is deferred and noi recognised until either those conditions are fully met. or the fulfilm¢nt of those conditions is wholly within the control of the charity and it is probable that these condilions will be fulfilled in the reporting period. Page 5

ATMA Lounge Notes to the FiDanciAI Statements for the Year Ended 31 Deeember 2023 Expenditure All expendiwre is recognised once there is a legal or conslnKtive obligation io that expenditure. il is probable settlement is required and the amouni can be measured reliably. All costs are alloc￿ed to th¢ applicable eXpendi￿re heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a b&sis consistent with the use of resources. with central staff costs allocated on rhe basis of time spent. and depreciaiion charges allocated on the wrtion of the &%s¢t's ￿se. (￿h¢r support ¢05ts are allocated b&8ed on the spread of sthff costs. Ra&sin8funds These are costs incurred in attra￿Ing volunlary income, the management of investments and those incurred in trading activities that raise funds. Support Costs Support costs include central fimctions and have been all￿ated to ¥tivity c05t ￿tegorieS on a b&sis consistent wilh the use of resources. for example. allocating property costs by fl¢)or aTe&s. or per capiw Staff costs by the time spent and other costs by their usage. T#x*tion The charity is considered to p&ss the tests Set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from tsxaiion in respect of income or capital gaÉns recehved within ¢ategori¢s covered by Chapter 3 Part I l of the Corporaiion T&x Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gains Act 1992. 10 the exient that such income or wns are applied exclusively to charitable putp)5e5. Cash and cash equivwlents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investhients thai are readily convertible to a known amount of rnsh and are subject to an insignificani risk of ¢hange in value. Borrowing5 Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borrowings are subsequently carried ￿ amonised c05L with the difference be￿een the proceeds. net of transaciion costs. and the amouni due on redemption being recognised as a charge to the Swemeni of Financial Aciiviiies over the period of the relevant borrowin& Interest expense is recognised on the basis of the effective interell meth(NJ and Is included in interest payable and siwnilar charges. Borrowings ar¢ rlassified ￿ curreni liabiliiies unless the charity has •n un¢onditional righi to defer settlement of Ihe liability for at least twelve month5 after the reporting date.

ATMA Lounge Notes to the Financial Ststements for tbe Year Ended 31 December 2023 Foreign exehAnge Transactions in foreign currencie5 are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign CUTrencie$ at the balance sheet date are reported at the raies of exchange prevailing at th41 date. The resulis of overseas operaiioLs are translated ￿ the avernge ￿e$ of ex¢hange during the period aT￿ their balance Sheets at the rates ruling at the balance shed djie. Exchange difference5 arising on translation of the opening net assets and resulis of oversea5 operations are rew)rted in other comprehensive income and accumulated in equity (attribud to non-controlling interests as appropriate}. Other exchange differences are recognised in the Ststem¢nt of Finan¢ial A¢tivities in the period in which they ari5¢ except for- l) exchonge differences on transaciions entered into to hedge certain foreign currency risks above); 2) exchange differences arising on gain5 or losses on non-monetary items which are re¢ognis¢d in other comprehensive income: and 3) in the c&se of the consolidated financial Statemen￿ exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore foming part of the net investment in th¢ foreign operion). which ar¢ rw)gnis¢d in other rompreh¢nsive iticome and reported under equity. Fund stryclyre Unrestricied income fijnds are general fimds that availabk for ￿￿e ffiw¢es dis¢retion in furtheraT￿e of the objectives of the charity. Flnanelal Instruments Classljlcatlon Financial &ssets and financial liabilities are recognised when the charity becomes a party to the contr&iual provisions of th¢ in5trurneni. Financial liabilities and equity instrnments are classified a¢¢ording io the substance of the contracts￿1 rngements entered into. An equity instnment is any contract that evidence5 a residual interest in the assets of the charity after deducting all of its liabilities.

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Recognlilon and measuremen¢ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is nornially the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity. despite having retained some, but not all. significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contrdct is discharged, cancelled or expires. Page 8

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Debi Insiruments Debt instruments which meet the following conditions are subsequently me&sured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fixed arnount. (li) a positive fixed rnte or a positive variable rate; or (iii) a combination of a positive or a negative fixed rnte and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may provide for a detenninable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than ( l ) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer. (3) changes in l¢vies applied by a central bank or arising from changes in relevant tsxation or law; or (li) the new rate is a market rate of interesi and satisfies condition (a). (d) There is no contractual provision that could, by its ternis, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instnllnent or pennit the holder to put it back to th¢ issuer before maturity are not contingent on future events. other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to proteci the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fj Contractual provisions may perniit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended terni satisfy the conditions of paragraphs (a) to (c). Debi instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairnient. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. Inve51ments Investments in non-convertible pref¢r¢nce shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairnent. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 9

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Derlvarfvejlnanclal ins¢ruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrumenL in which event the timing of the recognition in ststement of financial activities depends on the nature of the hedge relationship. Falr value measuremeni The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not b¢¢n a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestrieted funds General Total funds Donations and legacies; Donations from individuals 75,133 75,133 Total for 2023 75,133 75,133 4 Expenditure on raising funds a) Investment management costs Unrestricted funds General Total funds Note Allocated support costs 945 945 Total for 2023 945 945 Page 10

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Total costs 5 Net incomingloutgoing resources Net incomin￿0Utg0lng resources for the year include: 2023 6 Trustees remuneration and expenses 7 Taxation The charity is a registered charity and is therefore exempt from taxation. 8 Cash and cash equivalents 2023 Cash at bank 75,088 9 Creditors: amounts falling due within one year 2023 Accruals 900 10 Funds Balance at 31 December 2023 Incoming resources Resources expended Unrestricted funds General 75,133 (945) 74,188 I l Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2023 Current assets Current liabilities 75,088 (900) 75,088 (900) Total net assets 74,188 74,188 Pagell

ATMA.1sounp Not••ito4kn FknAnelal'StitemeDts,for the Year ERd•d 31ID•euob•r 1•23 11 Reknt•d prtytran*th

ATMA Lounge Statement of Financial Activities by fund for the Year Ended 31 December 2023 Unrestricted Funds Total Unrestrleted Funds 2023 Income and Endowments from: Donations and legacies 75,133 Total income 75,133 Expenditure on: Raising funds 945 Total expenditure 945 Net income 74,188 Reconciliation of funds Total funds carried forward 74,188 This page does not forni part of the statutory financial statements. Page 13

ATMA Lollnge Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2023 Total Income and Endowments from: Donations and legacies (analysed below) 75,133 Total income 75,133 Expenditure on: Raising funds (analysed below) Total expenditure 945 945 Net income 74.188 Reconciliation of funds Total funds carried forward 74,188 This page does not forn] part of the statutory financial statements. Page 14

ATMA Lounge Detailed'statement of,Financial Aetivities for the Year Ended 31 Dttember 2023 Total 21n3 Donatlons and leg4cla Appeals and donations 75,133 75,133 Ratsingfunds Accountancy fees Legal and professional fees Bank charges (900) (35) 10 945 This page does not fonn part of the statutory financi￿ statements. Page 15

Ocannon Registration number. CE031043 Charity number 1201H8 Charte￿d Certrfied Accountants ATMA Lounge Annual Report and Unaudited Financial St*ements for the Year Ended 31 December 2023 Cannon and Company Accountants Limited Chartered Certified Accountants Uni( l A Park Farm Industrial Estate Folkesione Kent CT19 SEY

ContAts Refrren¢e and Administr•11￿ Det•iLT IndeF¢ndent Exarninerfs Rep￿t Statement of Financial Activities Balance Str*¢t Notes lo the Financial Ststeme Sto12

ATMA LouDge Referenee And AdmiDiStrgtive Detalb Mr P A Jefferies Trnstees Ms M Tchoukov MrAVKerni Mr P A Jefferies ChArlty RegistrxtioD Number 1201448 Company Registratiots Number CE031043 The charity is incorp)Tated in En8land and Wales. 54 &54A The Old High CT20 IRN Folkestone Keni CT20 IRN Regi5ter¢d office Ind¢p¢Trd¢n¢ Ex*miner Cannon and Company Accountants Limit¢d UDlt IA Park Farni Road Park Fann Industrial Eswe FolkeMone Keni cr195EY

ATMA Lounge Independent Examiner'5 Report to tbe trusttts of ATMA Lounge ('the Company,) report to the ¢harity tswte¢5 on my examination of the accounts of th¢ Company for the year ended 31 December 2023. Responsibilltles and basis of report As the charity's trustees of the Company (and also its direaors for the purrM)ses of company law) you are responsible for the preparaiion of the accounts in acwrdance with the requirements of the Companies Act 2006 ('the 2￿6 Act,). Having satisfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In C￿Ing oui my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 A￿. Independent examin¢r's statement I have completed my examination. I confirni that no matters have come to my attention in connedion with the examination giving me cause to believe.. accounting Tecords were noi keo in rwect of ATMA Lounge as Tequired by section 386 of the 2006 Aet; 2. the accounts do not ac￿rd with those Tecords: or 3. the accounts do not comply with the accounting requiTements of section 396 of the 2006 Act other than any requirement thai ihe accounts give a 'trI￿ and fair vi¢W which is not a matter ron5idered &s part of an independent examinaiion- or 4. th¢ a¢counts have not been prepared in accordance with the methoth and principles of the Stafrment of Recommended Prnctice for accounting and reporting by clwiiies [applicable to chariiies preparing their actounts 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 dra￿￿ irt this report in order io enable a proper understanding of the accounts to be Teached. Unit IA Park Farni Road Park Fami Industrial Eslate Folkesione Kent CT19 SEY 14 October 2024 Page 2

ATMA Lounge Statement of FinaDeial A¢tivities for the Year Ended 31 December 2023 (Including Income and Expenditure Ae¢ount and StAtement of Total Reeognised G4iDS and Losses) Unmtrltted fuods Total 2023 Note Income and Endowm¢nts from: Donations and legacies Total income 75,133 75.133 75,133 75.133 Expenditur¢ on: Raising fijnds Total expendirure Net income (945) (945 (945) 945 74,188 74,188 Net movemeni in fijnds 74.188 74,188 ReeonciliAtiQD of funds Totsl fijnds carried forward 10 74.188 74.188 All of the charity's activilies deriv¢ from coniinuing 0[￿lI0nS during th¢ above perio(L The notes on pages 5 to 12 forni an integal part of these financial staternents. Page 3

ATMA Lounge (Registration number: CE031043) Ba12Dce Sheet as at 31 December 2023 2023 Not¢ Current •3sets Cash at bank and in hand 75.088 Creditors: Amounts f*lling due wlthin one year Net assets (9(M) 74,188 Funds of the eharity: Unrestricted income funds Unrestricted funds 74.188 Tot81 funds 10 74.188 The financial siaiements on pages 3 to 12 were approved by the try￿ee$, and authorised foT issue on 14 October 2024 and signed on their behalf by= Mr P A Jefferies Chairnian and trustee The notes on pages 5 to 12 fomi an iniegyal part of these fuAncial sthtements. Page 4

ATMA Lounge Noteg to the Financial Statemellts for the Year Ended 31 Deeember 2023 I Chrlty sts¢us The charity is limited by guaranlee. incorporaied in England and Wale& and consequenily does not have share pital. Each of the trustees is liable to wntribule on Jmount rtot exceediAg £Nil toward5 the assets of the charity an the event of liquidation. The address of its registered office is: 54 &54A The Old High CT20 IRN Folkestone Kent CT20 IRN These financial statements were authorised for issue by the trustees on 14 Odober 2024. 2 AeeouD¢iDg policies Summary of 518nifieant teouDting poli¢i¢s key arroun¢ing estimate The principal accounting policies applied in ihe preparaiion of these fmancial sthiements aTe set out below. These policies have been consi5tenily applied to all the years presenied, unless otherwise staled. Statement of compliance The financial statements have been prepared in accordance wilh Accounting and Reporting by Charities: Stsicment of Recorntnended Practice (applicable io chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211 (issued in Ociober 2019) - {Charities SORP IFRS 102)), the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Aci 2006_ Basis ofprepargtion ATMA Lounge m¢¢ts the definition of a public benefit ertlity under FRS 102. Assets and liabilities are initialty recognised ai historical cost or transaction value unless otherwise stated in the relevant accouniing wlicy notes. Going ronc¢rn The trustees consider thai ihere are no material un¢ertainlies about the charity's ability to continue as a going ¢oncern nor any significant are&s of uncertainty that affeci the Ca￿ying value of assets held by the cFthrity. Income and endowments All income 15 recognised once the charity h&5 entiilement io the income. it is probable that the income will be received and the amouni of the income receivable can be measured reliably. Don¢Tlions ond legueles Donation5 are recognised when the charity has been notified in writing of bth the amount and settlement dale. In the event thai a donation is subject io conditions thai require a level of perforniance by the charity before the charity is eniiiled to the fi￿d5. the income is deferred and noi recognised until either those conditions are fully met. or the fulfilm¢nt of those conditions is wholly within the control of the charity and it is probable that these condilions will be fulfilled in the reporting period. Page 5

ATMA Lounge Notes to the FiDanciAI Statements for the Year Ended 31 Deeember 2023 Expenditure All expendiwre is recognised once there is a legal or conslnKtive obligation io that expenditure. il is probable settlement is required and the amouni can be measured reliably. All costs are alloc￿ed to th¢ applicable eXpendi￿re heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a b&sis consistent with the use of resources. with central staff costs allocated on rhe basis of time spent. and depreciaiion charges allocated on the wrtion of the &%s¢t's ￿se. (￿h¢r support ¢05ts are allocated b&8ed on the spread of sthff costs. Ra&sin8funds These are costs incurred in attra￿Ing volunlary income, the management of investments and those incurred in trading activities that raise funds. Support Costs Support costs include central fimctions and have been all￿ated to ¥tivity c05t ￿tegorieS on a b&sis consistent wilh the use of resources. for example. allocating property costs by fl¢)or aTe&s. or per capiw Staff costs by the time spent and other costs by their usage. T#x*tion The charity is considered to p&ss the tests Set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from tsxaiion in respect of income or capital gaÉns recehved within ¢ategori¢s covered by Chapter 3 Part I l of the Corporaiion T&x Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gains Act 1992. 10 the exient that such income or wns are applied exclusively to charitable putp)5e5. Cash and cash equivwlents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investhients thai are readily convertible to a known amount of rnsh and are subject to an insignificani risk of ¢hange in value. Borrowing5 Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borrowings are subsequently carried ￿ amonised c05L with the difference be￿een the proceeds. net of transaciion costs. and the amouni due on redemption being recognised as a charge to the Swemeni of Financial Aciiviiies over the period of the relevant borrowin& Interest expense is recognised on the basis of the effective interell meth(NJ and Is included in interest payable and siwnilar charges. Borrowings ar¢ rlassified ￿ curreni liabiliiies unless the charity has •n un¢onditional righi to defer settlement of Ihe liability for at least twelve month5 after the reporting date.

ATMA Lounge Notes to the Financial Ststements for tbe Year Ended 31 December 2023 Foreign exehAnge Transactions in foreign currencie5 are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign CUTrencie$ at the balance sheet date are reported at the raies of exchange prevailing at th41 date. The resulis of overseas operaiioLs are translated ￿ the avernge ￿e$ of ex¢hange during the period aT￿ their balance Sheets at the rates ruling at the balance shed djie. Exchange difference5 arising on translation of the opening net assets and resulis of oversea5 operations are rew)rted in other comprehensive income and accumulated in equity (attribud to non-controlling interests as appropriate}. Other exchange differences are recognised in the Ststem¢nt of Finan¢ial A¢tivities in the period in which they ari5¢ except for- l) exchonge differences on transaciions entered into to hedge certain foreign currency risks above); 2) exchange differences arising on gain5 or losses on non-monetary items which are re¢ognis¢d in other comprehensive income: and 3) in the c&se of the consolidated financial Statemen￿ exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore foming part of the net investment in th¢ foreign operion). which ar¢ rw)gnis¢d in other rompreh¢nsive iticome and reported under equity. Fund stryclyre Unrestricied income fijnds are general fimds that availabk for ￿￿e ffiw¢es dis¢retion in furtheraT￿e of the objectives of the charity. Flnanelal Instruments Classljlcatlon Financial &ssets and financial liabilities are recognised when the charity becomes a party to the contr&iual provisions of th¢ in5trurneni. Financial liabilities and equity instrnments are classified a¢¢ording io the substance of the contracts￿1 rngements entered into. An equity instnment is any contract that evidence5 a residual interest in the assets of the charity after deducting all of its liabilities.

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Recognlilon and measuremen¢ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is nornially the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity. despite having retained some, but not all. significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contrdct is discharged, cancelled or expires. Page 8

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Debi Insiruments Debt instruments which meet the following conditions are subsequently me&sured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fixed arnount. (li) a positive fixed rnte or a positive variable rate; or (iii) a combination of a positive or a negative fixed rnte and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may provide for a detenninable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than ( l ) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer. (3) changes in l¢vies applied by a central bank or arising from changes in relevant tsxation or law; or (li) the new rate is a market rate of interesi and satisfies condition (a). (d) There is no contractual provision that could, by its ternis, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instnllnent or pennit the holder to put it back to th¢ issuer before maturity are not contingent on future events. other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to proteci the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fj Contractual provisions may perniit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended terni satisfy the conditions of paragraphs (a) to (c). Debi instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairnient. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. Inve51ments Investments in non-convertible pref¢r¢nce shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairnent. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 9

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Derlvarfvejlnanclal ins¢ruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrumenL in which event the timing of the recognition in ststement of financial activities depends on the nature of the hedge relationship. Falr value measuremeni The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not b¢¢n a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestrieted funds General Total funds Donations and legacies; Donations from individuals 75,133 75,133 Total for 2023 75,133 75,133 4 Expenditure on raising funds a) Investment management costs Unrestricted funds General Total funds Note Allocated support costs 945 945 Total for 2023 945 945 Page 10

ATMA Lounge Notes to the Financial Statements for the Year Ended 31 December 2023 Total costs 5 Net incomingloutgoing resources Net incomin￿0Utg0lng resources for the year include: 2023 6 Trustees remuneration and expenses 7 Taxation The charity is a registered charity and is therefore exempt from taxation. 8 Cash and cash equivalents 2023 Cash at bank 75,088 9 Creditors: amounts falling due within one year 2023 Accruals 900 10 Funds Balance at 31 December 2023 Incoming resources Resources expended Unrestricted funds General 75,133 (945) 74,188 I l Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2023 Current assets Current liabilities 75,088 (900) 75,088 (900) Total net assets 74,188 74,188 Pagell

ATMA.1sounp Not••ito4kn FknAnelal'StitemeDts,for the Year ERd•d 31ID•euob•r 1•23 11 Reknt•d prtytran*th

ATMA Lounge Statement of Financial Activities by fund for the Year Ended 31 December 2023 Unrestricted Funds Total Unrestrleted Funds 2023 Income and Endowments from: Donations and legacies 75,133 Total income 75,133 Expenditure on: Raising funds 945 Total expenditure 945 Net income 74,188 Reconciliation of funds Total funds carried forward 74,188 This page does not forni part of the statutory financial statements. Page 13

ATMA Lollnge Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2023 Total Income and Endowments from: Donations and legacies (analysed below) 75,133 Total income 75,133 Expenditure on: Raising funds (analysed below) Total expenditure 945 945 Net income 74.188 Reconciliation of funds Total funds carried forward 74,188 This page does not forn] part of the statutory financial statements. Page 14

ATMA Lounge Detailed'statement of,Financial Aetivities for the Year Ended 31 Dttember 2023 Total 21n3 Donatlons and leg4cla Appeals and donations 75,133 75,133 Ratsingfunds Accountancy fees Legal and professional fees Bank charges (900) (35) 10 945 This page does not fonn part of the statutory financi￿ statements. Page 15