## **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** 

- **Book Tables :** To have monthly book tables throughout the year to distribute literature to propagate spiritual knowledge about Krishna as revealed in the great literatures of India such as the Bhagavad Gita and Srimad Bhagavatam 

## **2025 Goal** 

- **Property  Investment :** To  purchase a property which would be used as a preaching centre and place where devotees can live together.  It would also be a sanctuary for visiting guests and devotees. This would provide facilities to help cultivate and introduce people to the vedic way of life, philosophy, culture and practices. 

## **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: 

- Publication and distribution of literature 

- Promotion through other media 

- Public services, festivals, retreats and pilgrimages – which promote spiritual culture 

- Kirtan (congregational chanting of the names of the Supreme Being) 

- The distribution and promotion of sanctified vegetarian food (prasadam) 

- Education in doctrines, training in religious practice: pastoral care 

- Encouraging positive life principles and social engagement through volunteering 

- The opening of new centres / sangas (spiritual gatherings) and Youth outreach 

- Fundraising Activities 



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 Ch*rlty 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 (attribu*d 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 oper*ion). 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 Ch*rlty 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 (attribu*d 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 oper*ion). 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.
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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