2024-12-31-accounts

D￿sIgn Envelope ID". C2568F7t>7E13423D-AOO&A3C3DF09A530 Charity numbers: 270157 & SC041919 MAHARISHI FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

D￿sIgn Envelope ID". C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Auditor's Report on the Financial Statements 2-12 13-15 Consolidated Ststement of Financial Activities 16 Consolidated Balance Sheet 17 Charity Balance Sheel Consolidated Statement of Cash Flows 18-19 20 Notes to the Flnanclal Statements 21-54

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Jemima Pitman, Trustee representing England (resigned 30 June 20241 Dr Ajay Prakash Shrivaslava, International Trustee David Rae, TrLJStee representing Scotland, National Director for Scouand Gwyndaf Evans, Trustee representing Wales David Hughes, Trustee representing Wales Dr Deirdre Parsons lappointed 22 June 2024} Charity registered numbers 270157 and SC041919 Principal office Maharishi Peace Palace Rendlesham Woodbridge Suffolk IP12 2GX Chief executive officer Dr Peter Warburton Independent auditor MHA 910 The Crescent Colchester BLJsiness Park Colchester C04 9YQ Bankers Barclays Bank PIC Lloyds TSB Bank PIC CAF Bank Limited Scottish Widows Bank Edinburgh Monmouthshire Building Society Newport, South Wales Virgin Money PIC Newcastle Upon Tyne Page 1

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the audited financial statements of the Maharishi Foundation for the year 1 January 2024 10 31 December 2024. The Trustees confim that the Annual Report and financial statements comply with current slatulory requirements, the requirements of the trust deed, and the provisions of the Statement of Recommended Pfficlice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) FURTHER EDUCATION & OTHER INITIATIVES Maharlshl Vedlc Sclence Maharishi Foundation also offers courses in Maharishi Vedic Science. Veda means 'knowledge' total knowledge of Natural Law. Maharishi Vedic Science courses offered by the Charity cover four main areas.. "Maharishi's Total Knowledge and Higher Stales of Consciousness {a systematic and complete overview of Maharishi Vedic Science}., prevention-orienled health care through Maharishi Ayurveda,. knowledge of architecture and planning in accord with the laws of nature through Maharishi Slhapalya Veda,. and the science and art of music that is in accord with Natural Law through Maharishi Gandharva Veda. During 2024, Dr Peter Warburton, the Chief Executive of Maharishi Foundation. in concert with the Maharishi Peace Palace administrative team, continued lo lead a comprehensive series of online courses based on Maharishi's Total Knowledge attended by participants from the UK and many parts of the globe. A totsl of approximately 800 people have attended these courses in 2024. Maharishi Ayurveda The Charity is also involved in the promotion of Maharishi Ayurveda in UK. Ayurveda is the world's longest continually practiced medical science. Developed in India over 6,000 years 8go, Ayurveda (knowledge of the quality 8nd span of lifel is a natural approach lo creating balan￿ and strengthening the body's innate healing ability. It is acknowledged by the World Health Organizalion and is growing in its global use as one of the most effective systems of natural healthcare. Twenty years ago, Ayurveda was almost unknown outside India. Comprehensive knowledge of il had become fragmented and lost. Working with the foremost Ayurveda experts in India, Maharishi systemalized and restored il in ils completeness. This revilalized form of Ayurveda is now known as Maharishi Ayurveda. The goal of Maharishi Ayurveda is to prevent sickness and promote balanced health and longevity by enlivening the inner intelligence of the body and strengthening its natural healing ability. AwNeda Ltd remains dom)ant whilst managing remaining creditors in advance of closure. PROPERTIES OWNED BY MAHARISHI FOUNDATION AND ITS SUBSIDIARIES Maharlshl Peace Palace. Rendlesham, Suffolk The Maharishi Peace Pala￿, the first of its kind in the UK, lies al the heart of the Maharishi Garden Village IMGVI in Rendlesham, Suffolk. The Peace Palace has been constructed according lo Maharishi Sthapalya Veda, which embodies the ancient principles of Vedic architecture in accord with natural law, to promote the well being of all occupants. It has 30 luxurious en-suite bedrooms, a large dining room, a central Great Hall for conferences, numerous meeting rooms, and dedicated halls for practice of TM and the Tm-sidhi Programme. Courses vary from a weekend lo one-monlh or longer. Al deepen the understanding and experience of Transcendental Meditation and associated programmes. The Peace Palace residential course programme has successfully provided courses and retreats throughout 2024 with 1,235 Course participant days 12023 - 1,6031 and returned a small bul noteworthy profil, with a strong program undeN4ay for 2025. Page 2

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 In the absence of residential courses during the coronavirus pandemic, Maharishi Education Cenlre, the owner and operator of the Peace Palace, continued lo run a series of online courses through the Maharishi-online platfom). These live interactive online courses, having started lo fulfil the desire for knowledge during lockdown, have now become a regular feature, covering a variety of subjects presented by some of the organisalion's foremost teachers for all to enjoy in the comfort of their own homes. Supplementary income from 614 online course participants 12023 - 804} was generated throughout the year. Past courses are available to view on- demand as"Archive Treasures.. Golden Dome Skelmersdale A variety of online and in-person, individual meetings, one day and residential courses were held through the year with a total of 872 course participant days12023- 1,3961. In consequence. the courses programme finished the year strongly with a reasonable profil. Membership levels held steady throughout 2024 and regular donations We￿ regularly raised as well as supplementsry funding for major roof repairs. The internal refurbishment program is largely complete. The Dome has been running Transcendental Meditation retreats for 34 years and is estimated to have hosted over a million meditations. A variety of online and in-person, individual meetings, one day and residential courses were held through the rest of the year with a total of 1,420 {2023 - 16011 course participant days in the year. Together with continued strong financial support from Dome members, this allowed the Dome to end the year with a small profil. Membership levels and donations held steady throughout 2024. In addition, Transcendental Meditstion is laughl regularly lo people in the region including local parents and children at the Maharishi School. Other propertles owned by Maharlshl Foundatlon Bournemouth Transcendental Meditation Centre (from 20101 9 Garden Square, Rendlesham120111 SUBSIDIARY. ASSOCIATED & RELATED PARTIES Subsldlary companles of Maharlshl Foundatlon Maharishi Education Centre Limited {MECI Ayurveda Limited Maharishi Garden Village Limited Maharishi Limited (Dormant) Page 3

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Related Partles of Maharishi Foundation By virtue of common Trustees or Directors and related objects and activities, Maharishi Foundation is connected to.. The Spiritual Regeneration Movement of Great Britain (Charity number 2040251 David Lynch Foundation UK (Company number 07933959 and Charity number 11466431 Maharishi Wodd Development Fund Icharily number 3287381 Invincible Scotland Trust (Scottish Charity number SC013238} Maharishi School Trust Ltd Icharily number 5179581 Maharishi International Gr8duate School (Company number 9023572 and Charity number 11782301 Maharishi Ayurveda Institute (Charity number 8002981 Maharishi Foundation Limited Detsils of transactions and balances with these connected parties are given in note 30 to the financial slalemenls. Page 4

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES a. Policies and objectives The objects of the Charity are lo advance the education of the public by providing and assisting in the provision of training, meetings. classes and other leaming opportunities., and lo develop the physical. mental, creative andlor spiritual capacities of individuals and the public at large through the provision of, or assisting in the provision of, education and training, in particular in all aspects of Maharishi Vedic Science. including TranS￿ndental Meditation and its advanced programmes, as founded by Maharishi Mahesh Yogi. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running a charity IPB21'. b. Investment policy The Trustees have the power lo invest unreslricled funds in such assets as they see fit in a prudent way that will attain good results with largeled returns. e. Fund-ralslng roach taken to fundraisin The Charity raises funds by campaigning for donations for t)olh general and specific purposes. The annual fundffiising campaign generates donations towards general administration expenses, whilst specific fundraising activities generate funds for reslricled funds such as Purush and Pundits, or designated funds and investments such as new TM Cenlres and maintenance of existing ones. ecific re ulations a licable The charity has not been subject to any specific regulation outside of normal charity commission requirements. Monitorin fundraisers and com lainls Fundraisers are appointed and monitored by the CEO and are issued with appropriate guidance, there are no fundraisers employed. Donation and bequest forms are prepared in 8ccordance with CC rules and expectations. No fundraising complaints have been received. Sle s to ensure vulnerable eo le Vulnerable people are protected within the range and scope of the charity's policies, stsff are regularly reminded of their responsibilities regarding safeguarding of vulnerable individuals. The Charity had several fund-raising activities during the year, but none requiring disclosure under S162A of the Charities Act 2016. Page 5

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL STATEMENTS AND RELATED POLICIES a. Overall financial performance Maharishi Foundation and ils subsidiary undertakings generated a deficit of £386,007 in 2024 12023 surplus of £1.199,620). TM numbers remained flat again in 2024, and revenue shortage forced a change in advertising policy with a very reduced budget very locally focussed. Fortunately organic leads grew substantially lo fill the gap left by withdrawing from paid advertising. The 2023 surplus was as a result of a revaluation gain. The Maharishi Peace Palace IMEC Lldl completed its successftjl turnaround program and continues lo report a small operating surplus. Ayurveda Ltd remains dormant. People taking courses in 2024.. Course 2024 2023 Transcendental Meditation TM Ad￿need Techniques Tm-sidhi Course Tm-sidhi Refresher Residence Course psrticipanl days Day Course participants days Online Course participants 1,385 219 28 1,917 -28Wo 23 78 1,601 1,396 804 22010 2,127 1,420 614 330/0 20/. -240/. b. Donations The 2024 annual donation event raised £15,00012023 - £18,428). An amount of £71,78712023 - £70.4801 was raised in donations to promote the unique education provided to Maharishi Vedic Pandil students by Maharishi Mahesh Yogi Vedic University. The Charity continued to receive donations for its Purusha Fund and THMD Fund (see note 4}- Donations received by both groups combined were £58,170 12023 - £84,363) and grants made were £174,813 12023 £60,044). e. Charitable Grants The Charity made charitable grants during the year of £333,81312023 - £202,357}. See note 11 of the financial slatemenls. d. Expenditure Maharishi Foundation Charity results included a part reversal amounting to £20,572 of the impairment of their investment in subsidiaries 12023 £Nill. Should an impairment or a reversal of an impairment occur, on consolidation this is reversed and therefore does not impact on the results of the Group. Page 6

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW a. Going concern During the COVID-19 pandemic, the Charity introduced a smartphone App lo support the delivery of ils teaching programme while in-person courses were reslricled. With the lifting of restrictions, the impacts of COVID are no longer affecting operations, and both premier course facilities are running residential programmes as normal. The App continues to provide ongoing benefits, enhancing regularity of practice and engagement with follow-up programmes among existing practitioners. However, with the advent of significant inflation in the UK from March 2022, demand for TM remains sl around two-thirds of pre-COVID levels. In consequence, the Board and Trustees are reviewing the promotional strategy for 2025 with a much tighter targeting approach focused on the most successful locations. During the financial year, the Charity has undertaken significant cost-cutting reviews and exercises to streamline its cost base and ensure value-for-money across ils expenditure. This streamlined cost base has provided stronger financial foundation, allowing the Trustees to prepare forward plans and budgets that demonslrale the Charity's ability to continue ils operations, meet ils liabilities as they fall due, and progressively improve its reserves position. Detailed consideration is also given by the Trustees lo the Trust's liabilities, including commercial and other loans, to ensure that sufficient cash flow is maintsined to meet payment terms. The Trustees and management have prepared forecasts that indicate that the Charity and its subsidiary undertakings have sufficient resources to continue in operation and to meet their liabilities as they fall due for the foreseeable future, being a period of 12 months from the dale of approval of the Annual Report and financial slatemenls. Accordingly, the Trustees have prepared the financial statements on a going concem basis. b. Reserves pollcy Notes 22, 23 and 24 show the assets and liabilities attributsble to each fund and summarise the movement on each fund during the year. Al a Trustee meeting on 30 December 2015. the Trustees approved an unrestricted reserves policy target of £50,000. This policy carries forward into the current year. The unrestricted reserves of the Charity al 31 December 2024 were in surplus of £3,175,060 12023 surplus of £3.289,9531. The surplus resulting from the policies employed following auditor's recommendations. The unreslricled reserves of the Group at 31 December 2024 were in surplus of £2,990,05012023 - surplus of £3.109,292). The Trust has free reserves of 1£2,694,330112023 - 1£2,729,51111 al 31 December 2024. Free reserves are defined as unrestricted reserves, less tangible fixed assets. These represent the Trust's funds that are freely available lo spend on any of ils purposes. The policies noted above, and considerations noted in the going concern section of the Trustees, report, form the Trust's plan lo bring these fffte reserves lo a surplus position. ¢. Publlc Beneflt statement This statement complies with the duly in section 4 of the Charities Act 201110 have due regard lo Public Benefit guidance published by the Charity Commission. The Trustees have reviewed this guidance when reviewing our aims and objectives and in planning future aclivilies. The Trustees consider how planned activities will contribute to the aims and objectives they have set. Page 7

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 d. Prlnclpal rlsks and uncertalntles The Trustees have a risk management strategy. This comprises an annual review of risks the Charity may face and the establishment of systems and procedures lo mitigate those risks and the maintenance of a risk register. e. Financial risk management objectives and policies The Charity has been able to rely on largely consistent income from educational activities and donations from supporters over the years. This continues. However, major expansion activity h8S taken place during the past 10 years commencing with the construction of the Maharishi Peace Palace al Rendlesham and continuing with the increased marketing effort lo instruct many more people in TM starting in January 2018. Annual budgets are produced for each key department. Commencing In 2019. the Trustees now review these in the final quarter of each year. Generally, monthly budget reports are produced across the various key areas of the Charity and reviewed within each department. The key departments are.. Nationall Domel Peace Palace each produce annual budgets, each of which is reviewed monthly. f. Prlnclpal fundlng About 900/0 of the operational funding of the Charity comes from the teaching of Transcendental Meditstion. COVID impacts in 2021 and into 2022 caused a significant hiatus leading to teaching income with 2023 continuing at around two thirds of normal levels. Ancillary sources of course income, including new online offerings, have improved the situation. To date in 2025 we expect to finish at a slightly higher level for the year. The other main source of income is regular donations. These usually come into specific restricted funds which are used lo support different projects. Each is discretely managed and very reasonable capitsl exists for the major ones. Modest improvements in these were achieved during the year. Page 8

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitution Maharishi Foundation is a registered charity, number 270157, and is conslituled under a Trust deed. b. Appointment of Trustees New Trustees are recruited from supporters of the Charity who are well-known to the Custodian and the current Trustees. Trustees are also chosen with a view to ensure that England, Scotland and Wales are always represented. The Trust Deed stipulates that the number of Trustees must not be less than three or more than fifteen. The existing Trustees may appoint new Trustees by a resolution of a meeting of the Trustees. A memorandum of appointment shall be signed and sealed by the person presiding at the meeting and attested by two others present al the meeting. All Trustees give their time voluntarily. Any expenses reclaimed from the Charity are sel out in note 15 to the accounts. e. Trustee Inductlon and tralnlng New Trustees receive training notes and undergo training sessions lo brief them on their legal obligations under Charity law and introduce them to the Trust Deed, Charity organisalion and management structure, the latest audited accounts and management accounts, lax law, employment law retums to be completed, GDPR compliance, the advisers and auditors of the Charity, current issues and future plans of the Charity. d. Custodlan The trust deed of the Charity provides for the appointment of a Custodian Ithe UK representative of Maharishi's global organisationl who will have a duly to advise the Trustees on any maller relating lo the insight and knowledge of all aspects of Maharishi Vedic Science, including the standards required for accrediting teachers, in order lo ensure the Trustees are satisfied that the purity and full effectiveness of Maharishi Vedic Science is preserved. At present the Custodian is also the Chief Executive. e. Maharishi Foundation Board During 2024, Maharishi Board continued lo regularly co-ordinate key aspects of operational management including strategy implementation, financial planning, marketing, and oryanisational priorities. The Chief Executive is chairman of this board. The Board works with key officers of the Charity and is empowered by the Trustees with responsibility for expansion, promotion, running of courses and the operation of facilities owned by the Charity. Monthly financial reports are forwarded lo the Trustees. f. Marketlng Group This is composed of various officers and advisers of the Charity and meets regulady to plan and commission various marketing inilialives. 11 has a regular fortnighlly meeting with representatives of the GMG agency specifically to review performance and tactics around our online advertising and website revisions. Page 9

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Icontlnued) g. National Directors The Trustees have an administffitive structure in England, Scotland and Wales lo carry out the objectives of the Charity. Policy decisions of Maharishi Foundation are made by the Trustees while implemenlalion is carried out by the Chief Executive in collaboration with three national directors in Scotland, England, and Wales.. Nigel Grace, England David Rae, Scotland Helen Evans, Wales The National Directors enlist the support of volunteers to promote education of higher consciousness in 12 areas of society, namely.. schools and universities, health care, agriculture, architecture, administration, trade and commerce, science and technology, law and order, cultural studies, political science and the economy, defence, and communication. h. Volunteers The Trustees are immensely grateful lo the many volunteers who contribute their lime and skills to help run the Charity, both centrally and in leaching cenlres around the country. Activities by volunteers include fundraising, promotion of courses, administration, bookkeeping and supporting our teachers as they run courses and hold advanced meetings in local areas . Pay policy for key management personnel As a Charity with a keen sense of mission and many long-lerm supporters, we rely heavily on 8 combination of affordable compensation and voluntary additional input over and above fomal contractual arrangements. The setting of pay for key management personnel is decided by the Trustees. There are four key management staff who receive a salary with a combined 2024 annual pay of £62,00012023'. Four- £62,000). J. Related party relatlonshlps Trustees and principal officers complete a Declaration of Interests, Conflicts and Related Party Transactions each year. Some UK-based Trustees as well as the CEO and COO have director roles in various subsidiaries of Maharishi Foundation. None of these positions 8re remunerated. Occasionally there may be an external organisation which is also declared,. the Trustees may then agree remuneration is in order on a case-by-case basis. A Conflict-of-lnlerest policy also helps ensure proper transparency and accountability. k. Trustees. Indemnltles The Trustees, directors and employees have a liability insurance policy which provides cover in relation to claims and investigations arising from breach of duly or trust, negligen￿, defamation, and breach of warrant of authority. It also provides cover in relation lo injury or property damage and misuse of data. Page 10

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for future perlods A major focus Is being placed on branding and marketing development. Central lo this are the development of a new public-facing website for advertising TM with a pilot landing page due lo be launched by the end of 2025. Other areas under review are enhanced PR and enhanced social media presence on Facebook, Instagram, Twitter and Tiktok. Organisationally, the Maharishi Foundation Board is also looking at further opportunities to enhan￿ the efficiency of the current organisalion, particulady with several staff members looking to retire. The Board has succession planning as an ongoing focus. During 2025, a major new facility is to be fully commissioned as the Edinburgh Peace Palace. This purpose-built building is designed according lo the Vastu principles of Maharishi Sthapatya Veda and includes 7 private flats in addition lo a new Transcendental Meditation leaching centre for the city. The development is being undertaken by Pada Vastu Ltd, a company wholly owned by Invincible Scotland Trust, a sister charity lo Maharishi Foundation. Finally, a major objective is lo replace premier leaching cenlres in London with a more central one. This wll involve collaborative development with the Spiritual Regeneration Movement ISRMI and the Edna Linnell Trust. Statement of Trustees, responslbllltles The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England & Wales and Scotland requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the group and the charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them consislenuy., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent", slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial ststements., prepare the financial statements on the going COn￿M basis unless il is inappropriate lo presume that the group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the group and the charitys transactions and disdose with reasonable accuracy at any time the financial position of the group and the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Acwunts and Reports) Regulations 2008, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the group and the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page11

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Dlsclosure of Informatlon to audltor Each of the persons who are Trustees at the time when this Trustees, Report is approved has confimed that.. so far as that Trustee is aware, there is no relevant audit infom)alion of which the charitable group's auditor is unaware, and that Trustee has taken all the steps Ihat ought lo have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditor is aware of that information. Approved by order of the members of the board of Trustees and signed on their behalf by.. &Jiybf David Hughes Trustee Date'.October 31, 2025 Gwyndaf Evans Trustee Page 12

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHARISHI FOUNDATION Opinion We have audited the financial statements of Maharishi Foundation (the 'parent charity'l and its subsidiaries Ilhe 'group'l for the year ended 31 December 2024 which comprise the Consolidated Ststemenl of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Acwunting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Auepted A¢¢ounting Pra¢tice}. The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities preparing their accounts in accordan￿ with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to in the exlanl regulations bul has been withdrawn. This has been done in order for the accounts lo provide a true and fair view in accordan￿ with the Generally AC￿pted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial stalemenls.. give a true and fair view of the slate of the group's and of the parent charitls affairs as at 31 December 2024 and of the group's incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011, the Charities and Trustee Investment (Scollandl Act 2005 and regulations 6 and 8 of the Charities Accounts (Scollandl Regulations 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}l and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the group in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slatemenls. we have concluded that the Trustees, use of the going cOn￿M basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfom)ed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent charitys ability to continue as a going concern for a period of at least twelve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 13

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHARISHI FOUNDATION ICONTINUEDI Other information The other information comprises the information induded in the Annual Report other than the financial statements and our Auditor's Report Ihereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, ex￿p1 to the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or olhenNise appears to be materially misstated. If we identify sueh material inconsistencies or apparent material misstalemenls, we are required lo determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities IAccoLJnts and Reports) RegLJlalions 2008 and the Charities Accounts (Scolandl Regulations 2006 las amended) requires us lo report to you if, in our opinion.. the information given in the Trustees. Report is inconsistent in any material respect with the financial statements. or the parent Charity has not kept sufficient and proper accounting records., or the parent charity financial statements are not in agreement with the accounting records and retums., or we have not received all the infomation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the group's and the parent charills ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but lo do so. Page 14

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHARISHI FOUNDATION ICONTINUEDI Auditor'$ rgsponsibilitigs for the audit of the financial statgmgnts We have been appointed as auditor under section 151 of the Charities Act 2011 and section 4411 Ilcl of the Charities and Trustee Investment Iscotlandl Act 2005 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslatemenls in respect of irregularities, including fraud. The exlenl to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management around actu81 and potential litigation and cl8ims- Perfomiing audit work over the risk of management override of controls, including lesling of joumal entries and other adjustments for appropriateness, evaluation of the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for bias., Reviewing minutes of meetings of those charged with governance Reviewing financial statement disclosures and testing lo supporting documentation lo assess compliance with applicable laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.o .uklaudilorsres onsibilities. This description forms part of our Audilorfs Report. Uso of our roport This report is made solely to the charitys trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and regulation 10 of the Charities Accounts (Scollandl Regulations 2006. Our audit work has been undertaken so that we might slate to the charills trustees those matters we are required to slate to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Cara MillerACCA (Senior Statutory Auditor) for and on behalf of MHA Statutory Auditor Colchester, United Kingdom Date'.October 31, 2025 MHA are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC4555421. Page 15

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestri¢led funds 2024 Re$tri¢led funds 2024 Total funds 2024 Total funds 2023 Note Income from- Donations and legacies Charitable activities Other trading activities Investments Other income 178,651 708,200 608.049 17,026 194,872 94,357 32.390 6.266 373,523 802,557 640.439 23.292 598,214 1, 124,812 586,990 7,057 20,000 Total income 1.511.926 327.885 1,839.811 2,337,073 Expendlture on: Raising funds Charitable aclivtties 514,184 1,125,343 514.184 1,711,634 596,988 1,913,835 586,291 Total expenditure 1.639.527 586.291 2,225.818 2,510,823 Net expenditure Transfers be￿een funds (127,601) 8.359 {258,406) {8.359) {386,007) (173, 750) 22 Net movement in funds before other recognised gains (119,242) (266,765) (386,007) (173, 750) Other recognised gainslllosses): Gains on revaluation of fixed assets 1.373,370 Net movement in funds 1119,242) (266,765) {386,007) 1, 199,620 Reconciliation of funds: Total funds brought fotward Net movement in funds 3.109,292 (119,242) 1,686,770 (266.765) 4,796,062 {386.007) 3,596,442 1, 199,620 Totsl funds carried forward 2,990,050 1,420,005 4,410,055 4,796,062 The Consolidated Ststement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 2110 54 form part of these financial stalemenls. Page 16

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noto Fixed assets Intangible assets Tangible assets Investments 16 20,725 6,093,127 10.291 25,508 6,243,278 10,291 18 6,124.143 6,279,077 Current assets Debtors.. amounts falling due after more than one year Debtors.. amounts falling due within one year Cash at bank and in hand 19 19 27 25,000 95,700 247,332 25,000 110,384 508,415 368,032 643,799 Current liabilities Creditors.. amounts falling due wilhirb ofbe year 20 1518,3041 (540.640) Net current liabilities l assets {150,272) 103, 759 Totsl assets less current liabilities 5,973.871 6,382,236 Creditors.. amounts falling due after more than one year 21 11.563,816) (1,586, 174) Ngt assets excluding pension assgt 4,410,055 4,796,062 Total net assets 4,410,055 4, T96,062 Charity funds Restricted funds Unrestricted funds 22 1,420,005 2,990.050 1,686,770 3, 109,292 22 Total funds 4,410.055 4,796,062 The financial statements were approved and aulhorised for issue by the TrLJStees and signed on their behalf by.. Davld Hughes Trustee Gwyndaf Evans Trustee Date.. October 31, 2025 The notes on pages 21 10 54 form part of these financial stalemenls. Page 17

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noto Fixed assets Tangible assets Investments 17 2,114,738 610,370 2. 160,979 589, 798 2,725.108 2, T50, 7T7 Current assets Debtors.. amounts falling due after more than one year Debtors.. amounts falling due within one year Cash at bank and in hand 714,619 1.903,584 201,736 746,463 1,918,694 467,919 19 2,819,939 3,133,076 Currgnt liabilitigs Creditors.. amounts falling due within one year 20 1244,3431 (230,266) Net current assets 2,575,596 2.902,810 Total assets less current liabilities 5,300,704 5,653,587 Creditors.. amounts falling due after more than one year 21 (705.639) (676,868) Total net assets 4,595.065 4.976,719 Charlty funds Restricted funds Unrestricted funds 22 1,420.005 1,686, 766 Designated funds General funds 22 22 2.557,237 617,823 2.5T3, 181 716,772 Total unrestricted funds 22 3,175,060 3,289,953 Total funds 4,595,065 4,976, 719 The charity's nel movement in funds for the year was £1381,6541 (2023 - £1,262,262). The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by: Page 18

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 &Jiybf David Hughes Trustee Gwyndaf Evans Trustee Date.. October 31, 2025 The notes on pages 21 10 54 form part of these financial stalemenls. Page 19

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities 1230,1731 34,634 Cash flows from Investlng actlvltles Dividends, interests and rents from investments Purchase of intangible assets Purchase of tsngible fixed assets 23,292 17,8001 7,057 (29,950) (750) Net cash provided byllused in) investing activities 15,492 123.643) Cash flows from financing activities Repayments of borrowing Interest paid {46,4021 (77,339) (53, 102) Ngt Cash usod in financing activitiOS {46,4021 {130,441) Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year 1261,0831 508,415 {119.450) 627,865 Cash and cash equivalents at tho end of tha ygar 247,332 508,415 The notes on pages 2110 54 form part of these financial ststemenls Page 20

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information Maharishi Foundation Ilhe "Charity'l is a charity registered in England and Wales 12701571 and in Scotland ISC0419191. The registered Offi￿ is Maharishi pea￿ Palace, 6 Gardenia Close, Rendlesham, Woodbridge, Suffolk, IP12 2GX. Accounting policies 2.1 8asis of preparation of financial statements The financial statements have been prepared in 8ccordance with the Charities SORP IFRS 1021 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 IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 {as amended). The financial statements have been prepared lo give 8 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required to provide a 'true and fair view,. This departure has involved following 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (Second Edilionl, rather than the Accounting and Reporting by Charities= Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Maharishi Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant 8ccounling policy. The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balance Sheet consolidate the financial statements of the charity and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. Subsidiaries which have been excluded from the consolidation due lo being immaterial are= Maharishi Limited (Dormant) Maharishi Garden Village Limited Page 21

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ounting policies Icontinugd) 2.2 Going concern The financial slalements have been prepared on a going con￿rn basis. The Trustees have onsidered the Charills financial position, forecasts, and cash flow projections for a period of al least 12 months from the date of approval of these financial statements. During the COVID-19 pandemic, a smartphone App was introduced to support the delivery of leaching when in-person courses were restricted. With the removal of restrictions, the Charills facilities have resumed normal operations, and the App continues to enhan￿ regularity of practice and engagement with follow-up programmes. Although demand for TM remains below pre-COVID levels, the Trustees and management have undertaken a comprehensive review of promotional strategy and a series of cost-cutling measures designed to streamline the cost base and ensure value-for-money. The resulting efficiencies have enabled the preparation of forward budgets and financial plans that demonstrate the Charills continuing ability lo meet its liabilities as they fall due, lo operate sustainably, and to strengthen its reserves position. The Trustees have also given detailed consideration lo the Trust's liabilities, including commercial and other loans, and are satisfied that sufficient cash flow will be maintained to meet payment terms. Accordingly, the Trustees consider it appropriate that the financial statements continue lo be prepared on a going concern basis. 2.3 Income All income is recognised once the charity has entillemenl to the income, il is probable that the income will be received and the amount of income re￿1vable can be measured reliably. The recognition of income from legacies is dependent on establishing entidement, the probability of receipt and the ability lo estimate with sufficient accuracy the amoLJnt receivable. Evidence of entillemenl to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid wll and the death of the benefa¢lorl and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Re￿Ipt of legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured. CoLJrse fees Income from course fees for teaching the Transcendental Meditation and Tm-sidhi Programmes and other courses is recognised by reference lo the course dale. Incomin resources Other incoming reSoUr￿S such as voluntary incoming resources are accounted for as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the Charity is considered probable. Rental income Income re￿iVed for rental of properties is allocated on a receivable basis. Income tsx recoverable in relation to investment income is recognised at the lime the investment income is receivable. Page 22

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ounting policies Icontinugd) 2.4 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs altribulable to a single activity are allocated direcuy lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of reSoU￿es. Central staff costs are allocated on the basis of lime spent, and depreciation harges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the group to raise funds for its haritable purposes and includes costs of all fundraising activities events and non-charitsble trading. ExpenditLJre on charitable activities is incLJrred on directly undertaking the activities which further the group's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably by the group,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Grants The Trustees, policy is to award grants that support activities that are in accord with the objects of the Charity and restrictions imposed by the donors of the funds. 2.7 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Page 23

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ounting policies Icontinugd) 2.8 Intangible assets and amortisation Intangible assets are capilalised and recognised when future economic benefits are probable, and the wst or value of the asset can be measured reliably. Intangible assets are initially recognised al cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any ac¢umulated impairment losses. Amortisation is provided on intangible assets at rates calculated lo write off the cost of each asset on a slraight-line basis over ils expected useful life. The estimated useful lives are as follows.. Website costs 3 years 2.9 Tangiblg fixed ?$sgt$ and dgprgciation Tangible fixed assets are initially recognised at cost. After recognition, under the revaluation model, tangible fixed assets whose fair value can be measured reliably shall be carried al a revalued amount, being their fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity lo ensure that the carrying amount does not differ materially from that which would be determined using fair value al the end of the reporting date. Fair values are determined from market-based eviden￿ by appraisal that is normally Ljndertaken by professionally qualified valuers. If there is no markel-based evidence of fair value because of the specialised nature of the tangible fixed asset and it is rarely sold, ex￿pt as part of a ¢onlributing business, a Charity may need lo estimate fair value using an income or depreciated repla￿ment cost approach. Gains and losses on revaluation are recognised in the Consolidated Statement of Financial Activities, with a separate revaluation reserve being shown in the Statement of funds note. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual valLJe over their estimated useful lives. Depreciation is provided on the following bases: Freehold property Long-term leasehold property Plant and machinery 50 years Over the period of the lease Between 20 /0 and 50'/o Page 24

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ounting policies Icontinugd) 2.10 Investmonts Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balan￿ Sheet dale, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Consolidated Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.11 Debtors Trade and other debtors are recognised at the selllement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Cash at bank and in hand Cash al bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.13 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it wll pay lo sellle the debt or the amount it has received as advanced payTnents for the goods or servi￿$ it must provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finan￿ cost. 2.14 Financial instruments The group only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.15 Pensions The group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the group lo the fund in respect of the year. Amounts not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds. Page 25

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ounting policies Icontinugd) 2.16 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the group and which have not been designated for other purposes. Designated funds Comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of ea¢h designated fund is sel out in the notes to the financial statements. The Trustees have a policy of donating a percentage of course fees to support the tradition from which the teaching of Transcendental Meditation and its related techniques are derived. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes to the financial stalemenls. Investment income, gains and losses are allocated to the appropriate fund. 2.17 Allocation of costs Direct charitable costs are incurred in fulfilling the charitable objectives of the Charity. Support costs of charitable activities include central management and administration costs, incurred directly in support of expenditure on the objects of the Charity. These costs are considered part of total expenditure relating to the objects of the Charity. Governance costs include costs incurred in the governance of the Charity and its assets and are primarily associated with conslitulional and statutory requirements. Costs of generating funds include costs incurred in order to raise income lo support the activities of the Charity and its subsidiary undertakings. Page 26

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting gstimatgs and areas of judgment In the application of the accounting policies, Trustees are required to make judgements, eslimales, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underfying assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revisions affected current and future periods. The key SoUr￿S of eslimalion un￿rtaintY that have a significant effect on the amounts recognised in the financial statements are summarised below.. The Maharishi Peace Palace is included in the financial statements al original cost. An impairment review has been undertaken comparing original cost lo value in use. Based on occupancy in 2019 a discounted future cashflow model supports the cost value included in the financial statements and no impaimient is deemed necessary. Fixed assets, inclLJding property, are depreciated to net residual value. In most cases this is nil. In the case of two properties that can or are used as residential properties, net residual value is considered to be higher than cost and on this basis no depreciation is charged. The investment in Ayurveda Limited has been reduced to £Nil in prior years as the subsidiary has now discontinued in operational existence. The investment by the Charity in Maharishi Education Centre Limited has been written down in value so that il does not exceed the net assets of the subsidiary undertaking. The impairment credit in the year amounting lo £20,57212023 - £Nill represents the profit for the year. The remaining impairment against the investment largely represents previous losses and accumulated depreciation on the Maharishi Peace Palace Page 27

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and Iggacigs Unrestricted funds 2024 R9Stricted funds 2024 Total funds 2024 Donations Legacies 166,151 12,500 194,872 361.023 12.500 178,651 194,872 373,523 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Donations Legacies 177,955 57,947 301,176 61, 136 479, 131 119,083 235,902 362,312 598,214 Page 28

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitsble activities Unrestricted funds 2024 R9Stricted funds 2024 Total funds 2024 Transcendental Meditation Other courses 621,695 86,505 621.695 180.862 94,357 708,200 94,357 802,557 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tfftnscendental Meditation Other courses 887,015 70,413 887,015 23T,797 167,324 957.488 167,324 1, 124,812 Page 29

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activitlgs Income from fundraising ovents Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Olhgr trading income from subsidiary undertakings Consultstions and courses Rental income and room hire 590,649 8,400 9,000 6,062 12,008 14,320 596.711 20.408 23,320 608,049 32,390 640.439 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Other trading income from subsidiary undertakings Sale of Ayurveda products Consultslions and courses Rental income and room hire 413,356 123,590 9,092 f5,605 5,492 418,848 723,590 25,713 19,439 16,021 3,834 561,643 25,347 586,990 Investment income Unrestrlcted Restrlcted funds funds 2024 2024 Total funds 2024 Investment income on bank deposits 17,026 6,266 23.292 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Investment income on bank deposits 3,791 3,266 7,057 Page 30

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Other incoming resources Total funds 2024 Other operating income Unrestricted funds 2023 Total funds 2023 Other operating income 20,000 20,000 During 2023 trade ceased in the subsidiary, Ayurveda Limited after receiving £20,000 for payment of the goodwill. Analysis of expenditure on charitable activities Summary by fund type Unrestricted Restricted funds funds 2024 2024 Total 2024 Direct costs- Charitable activities 1,125,343 586,291 1,711,634 Unrestricted funds 2023 Restricted funds 2023 Total 2023 Direct costs- Charitable activities 1,424,867 488,968 1.913,835 Page 31

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Analysis of gxpgnditure by activities Activities undertaken directly 2024 Grant funding of aclivilies 2024 Support o$ts 2024 Total funds 2024 Direct costs - Charitable aclivi118S 630,068 333,813 747,753 1,711.634 Activities undertaken directly 2023 Grant funding ol activities 2023 Support costs 2023 Total funds 2023 Direct costs - Charitsble activities 959,053 202,357 752,425 1,913,835 Analysis of direct costs Total funds 2024 Activities 2024 Teachers remuneration Course administration, promotion and advertising 400,665 229,403 400,665 229.403 630,068 630,068 Total funds 2023 Activities 2023 Teachers remuneration Course 8dministralion, promotion and advertising 559,328 399,725 559,328 399, 725 959,053 959,053 Page 32

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Analysis of gxpgnditure by activities Icontinugd) Analysis of support costs Total fund$ 2024 Activities 2024 Staff costs Depreciation Premises Management Finance and IT Legal 413,413 41,033 87,959 62,086 108,258 35,004 413.413 41.033 87,959 62,086 108.258 35.004 747,753 747.753 Total funds 2023 Activities 2023 Staff costs 388, 135 29,212 102,677 100,694 84,279 47,428 388, 135 29,212 102,677 100,694 84,279 41,428 Depreciation Premises Management Finance and IT Legal 752,425 752,425 11. Summary of grants Grants to Individuals 2024 Total funds 2024 Grants, Transcendental meditation 333,813 333.813 Page 33

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Summary of grants {¢ontinugdl Grants lo Individuals 2023 Total funds 2023 Grants, Transcendental meditation 202,357 202,357 12. Analysis of grants Unrestricted Restricted funds funds 2024 2024 Total funds 2024 National admin grants and sponsorship General reslricled grant TMHD progr8mme grants Purusha programme Vedic Pandils fund 50,556 4,000 50.556 4.000 138.438 36,375 104.444 138,438 36,375 104,444 54,556 279,257 333.813 Un￿Stricted funds 2023 Restricted funds 2023 Total funds 2023 National admin grants and sponsorship General reslricled grant TMHD programme grants Purusha programme Vedic Pandits fund 30,171 74.193 30,171 74,193 20,4T5 16,519 60,999 20,475 16,519 60,999 104,364 97,993 202,357 Page 34

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Auditor's rgmunfrration 2024 2023 Fees payable to the charills auditor for the audit of the charills annual accounts 25,000 25,000 Fees payable to the charills auditor in respect of= All non-audit services not included above 10,000 10,000 14. Staff costs Group 2024 Group 2023 Charity 2024 Charity 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 389,994 14,955 373,629 7,645 227,748 6,947 238,643 6,658 8,464 6,861 4,588 2,046 413,413 388, 135 239,283 247,347 The average number of persons employed by the charity during the year was as follows= Group 2024 Group 2023 Charity 2024 Charity 2023 General Fund (Full timel MEC Limited (Full limel General Fund (Part timel Golden Dome (Part timel Ayurveda Limited (Part limel 26 23 17 18 No employee received remuneration amounting to more than £60,000 in either year. Total remuneration paid to key management personnel in the year amoLJnted to £62,000 12023 £62,000). Page 35

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Trustees. remuneration and oxpenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 De￿rnber 2024, no Trustee expenses have been incurred (2023- £NIL). 16. Intangible assets Group Computer softsvare Cost Al 1 January 2024 Additions 29.950 7.800 Al 31 December 2024 37,750 Amortisation Al 1 January 2024 Charge for the year 4,442 12.583 Al 31 De￿mber 2024 17.025 Net book value Al 31 December 2024 20.725 At 31 December 2023 25,508 Page 36

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Tangiblg fixed assots Group Freehold property Plant and machinery Total Cost or valuation Al 1 January 2024 Disposals 6.845,320 797,508 18,8611 7,642.828 {8,861) Al 31 December 2024 6,845,320 788,647 7,633,967 Depreciation Al 1 January 2024 Charge for the year On disposals 704,881 123,418 694,669 26,733 18,8611 1,399.550 150.151 {8,861) Al 31 December 2024 828,299 712,541 1,540,840 Net book value Al 31 December 2024 6.017,021 76,106 6,093.127 At 3t December 2023 6, 140,439 702,839 6,243,218 Page 37

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Tangiblg fixed assots lconlinugd) Charity Long-term leasehold property Freehold property Plant and machinery Total Cost or valuation Al 1 January 2024 Disposals 2,257.258 41,666 46,818 (8,8611 2,345.742 {8.861) Al 31 De￿mber 2024 2,257.258 41,666 37,957 2,336.881 Depreclatlon Al 1 January 2024 Charge for the year On disposals 107,498 40.187 31,595 5,208 45,670 846 184,763 46,241 {8.861) (8,8611 Al 31 De￿mber 2024 147.685 36,803 37,655 222.143 Net book value Al 31 December 2024 2.109.573 4,863 302 2,114.738 At 31 Decemb&r 2023 2,149,760 10,071 1, 148 2,160,979 The Golden Dome was valued by Carter Jonas LLP at £1,380,000 on 6 April 2023, and Bournemouth Peace pala￿ was valued at £425,000 in August 2024. The group has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured al historic cost, the carrying values would have been as follows= Group 2024 Group 2023 Charity 2024 Charity 2023 F￿ehOld property 4.679,510 4, 177, 799 772,061 197,191 Page 38

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Fixed asset invgstmgnts Investments in subsidiary Unlisted companies investments Total Group Cost or valuatlon Al 1 January 2024 291 10,000 10,291 Al 31 December 2024 291 10,000 10,291 Net book value Al 31 December 2024 291 10,000 10,291 At 31 December 2023 291 10,000 10,291 Investments in subsidiary Unlisted companies investments Total Charity Cost Al 1 January 2024 2,097,968 10,000 2,107,968 Al 31 December 2024 2,097.968 10,000 2.107,968 Impairment Al 1 January 2024 Reversal of impairments 1,518.170 120,5721 1.518.170 120,572) Al 31 December 2024 1,497.598 1,497,598 Net book value Al 31 December 2024 600,370 10,000 610,370 At 31 De￿rnber 2023 579, 798 10,000 589, 798 Page 39

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Fixed asset invgstmgnts Iconlinugdl Principal subsidiaries The following were subsidiary undertakings of the charity.. Name$ Company number Included in consolidation Ayuverda Limited Maharishi Education Centre Limited Maharishi Garden Village Limited Maharishi Limited 02167993 03362427 05322967 5121468 Yes Yes No No The financial results of the subsidiaries for the year were.. Names ILoss)IProfit for tho year Net Iliabilitiesl I assets Ayuverda Limited Maharishi Education Centre Limited Maharishi Garden Village Limited Maharishi Limited {1,9261 18,145 1185,007) 600,079 15,830 100 19. Debtors Group 2024 Group 2023 Charity 2024 Charity 2023 Due after more than one year Amounts owed by group undertakings Other debtors 689,619 25,000 721,463 25,000 25,000 25,000 25,000 25,000 714,619 746,463 Page 40

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. D&blors Icontinuedl Group 2024 Group 2023 Charity 2024 Charity 2023 Due within one year Tffide debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income Tax recoverable 41,401 51,976 28,333 1,841,713 31,208 33,530 1.841,520 31,250 51,208 761 51,250 764 2,330 6,394 2,330 6,394 95,700 110,384 1,903,584 1.918,694 20. Creditors: Amounts falling due within one year Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans Other loans Trade creditors Amounts owed to group undertakings Other taxation and social security Other creditors Accruals and deferred income 42,869 16,430 187,620 40,441 29,325 242.968 7,887 16,430 67,940 792 7,000 18,328 97,777 3,345 3,101 63,907 37,414 11,011 188,461 71,913 14,767 143,811 69,334 2,623 113,671 35,000 518,304 540,640 244,343 230,266 21. Creditors: Amounts falling due after more than one year Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans 158,116 1,394,442 11,258 170,836 1,398, 189 17,149 130,394 575,245 137, 173 539,695 Other loans Accruals and deferree income 1.563,816 1,586, 174 705,639 676,868 The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is.. Page 41

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Group 2024 Group 2023 Payable or repayable by instalments 9,901 9,901 Group bank loans are secured by a legal charge over land and buildings, included in the Group loans is an amount of £157,01512023'. £150,254) which is secured by a legal charge over land and buildings. Page 42

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 22. Statgment of funds - Group Statement of funds - current yoar Balance at 31 December 2024 Balance at 1 January 2024 Tran$fer$ inlout Income Expenditure Unrestrlcted funds Dg$ignat8d funds Maharishi Peace Palace ISuffolk} General grants fund 3,030.964 25.227 16,528 3,868 1304) (4,194) 3,047.188 24,901 3,056.191 20,396 14.498) 3,072.089 General funds General Funds Revlaualion reseNe {1,320,2691 1.373,370 1,491.530 {1.635,0291 8,359 11,455,409) 1,373.370 53,101 1,491,530 {1,635,0291 8,359 182,039) Total Unrestrlcted funds 3,109,292 1.511.926 {1,639,5271 8.359 2,990.050 Page 43

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 22. Statgment of funds Icontinugd) Balance at 31 December 2024 Balance at I January 2024 Transfers inlout Income Expenditure Restrlcted funds Golden Dome fund Vedic Pandits fund 268,149 249,174 185,395 138,030 417,369 51.654 190.271 1,400 3,541 25 1660} 182,422 181,013 71.787 42,856 15,314 1,959 1.013 12,149 545 (239,285) (122.997) 136.961) (162,307) {6,595) {16,2321 193.645 197.964 191.290 Purusha fund THMD National Coheren Lesley Woolley legacy Boumemoulh TM Centre Invincibility Schools fund Ladies Peace Palace Woollacombe fund Global Mother Divine 8,963 412.733 52.667 188.765 1,695 113.655) 1250) 1188) {25) {1.606) {2,422) 13,3541 2,264 Oxford 1,246 181,246 1.686,770 327.885 (586,291) 18,3591 1,420.005 Total of funds 4,796.062 1.839,811 12,225.818) 4,410.055 Page 44

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 22. Statgment of funds Icontinugd) Statement of funds - prior ygar Balance al 1 January 2023 Balance al Transfe Gainsl 31 December in/out (Losses) 2023 Income Expenditure Unrestrlcted funds Designatod funds Maharishi Peace Palace (Suffolkl General grants fund 2,977.362 59,629 (6.027) 3,030,964 76,865 (44,444) (7, 194) 25,227 2,97T,362 136,494 {50,4T7J (7, 194) 3,056, 791 General funds General Funds Revaluation reserve (989,686) 1,642,330 (1,971,384) (1,529) (1,320,269) 1,373,370 1,373,370 (989.686) t.642,330 (1,97t,384) (1,529) 1,373,370 53,101 Total Unrestri¢tgd funds 1,987,676 t.778,824 (2,021.855) (8, 723) 1,373,370 3. 109,292 Page 45

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 22. Statgment of funds Icontinugd) Balance al 31 December 2023 Balance at 1 January 2023 Transfers in/out G8ins/ (Losses) Income Expenditure Restrlcted funds General restricted fund Golden Dome fund 28,565 (28,565) 242, 721 324, 140 (298, 712) 268, 749 Vedic Pandits fund Purusha fund 210,046 149,931 132,441 11f,237 48,226 56,516 (77,603J (17, 157) (50,927) 5,494 4,395 249, 174 185,395 138,030 THMD National Coherence Lesley Woolley legacy Bournemouth TM Centre 422, 775 1,495 (6,907) 417,369 51,006 648 51,654 186,681 12,813 (8.057) (1, 166) 190,271 Schools fund 942 696 (238) 1,400 Ladies Peace Palace 3,594 (60) 3,547 Woollacombe fund Global Mother Divine 25 25 fl,915) 187,954 1,887 584 (632) (116) (660) 182,422 Oxford 1,608, 766 558,249 (488,968J 8, 723 1,686, 770 Total of funds 3,596.442 2,337.073 (2,510,823) 1,373,370 4,796,062 Page 46

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ststement of funds- Charity Statsment of funds- current year Balance at 1 January 2024 Balance at Gain￿ 31 December {Los8es) 2024 Transfer5 inlout Income Expenditure Unrestrldad fund$ Designatsd funds Maharishi Peace palace {Sufft￿k} General grants fund 2,547,964 25,217 44,686 3,868 {60,3041 (4,1941 2,532,346 24.891 2,573,181 48,554 {64,4981 2,557,237 General funds General funds {656,5981 1,373,370 815,943 {923,2511 8.359 1755,5471 1,373,370 Revaluation reserne Unreslridad fund$ 3,289,953 864,497 {987,7491 8,359 3, 175,060 Page 47

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Statgment of funds - Charity Icontinuod) Balance at 1 January 2024 Balance at Galnsl 31 December ILosses} 2024 Transfers inlout Income Expenditure Restricted funds Golden Dome fund 268,149 181,013 1239,2851 1122,9971 136,9611 1162,3071 16,5951 116,2321 193,645 Vedic Pandils fund 249.174 185,392 138,030 417.368 71,787 42,859 15,314 1,960 197,964 191,290 Purusha fvjnd THMD 8,963 National Coherence Lesley Woolley Legacy Boumemoulh TM Centre Inmncibility Schools ftjnd 412,733 51,654 1,013 52,667 190,271 12,149 113,6551 188,765 1.400 3,541 25 545 12501 11881 25 1,695 Ladies Peace Palace 13,3541 W(K)lacombe fund Global Mother Diiine 16601 182.422 11,6061 12.4221 2,264 Oxf()rd 1,246 181,246 Restricted fvnds 1,686,766 327,889 1586,2911 18,3591 1,420,005 Total of funds 4,976,719 1,192,386 {1,574,040) 4595,065 Page 48

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 23. Dfrscription of funds a) Unr0Strictod funds il General Fund The General Fund includes all of the unreslricled funds of the Charity. These include the National Offices in Skelmersdale and Rendlesham, which deal with the administration of courses and the finances and accounts of the Charity, expansion and media activities, administration of Maharishi Open University in the UK, and the publication °Trans￿ndental Meditation News magazine. b) Restricted funds il Golden Dome Fund A special fund, 'The Golden Dome Fund, was established in February 1983 to finan￿ a project lo build a Golden Dome that would accommodate a group of 800 praclilioners of the TranS￿ndental Meditation and Tm-sidhi Programme. This number is the square root of one per cent of the population of Great Britain - the number required to produ￿ the Maharishi Effert. This facility, Golden Dome in Skelmersdale, is used, for educational courses and group practi￿ of TranS￿ndental Meditation and the Tm-sidhi Programme by local residents and visitors to the facility. ill Vedic Pandits Fund This fund was established in 2001 to support the setting up and rna1ntenan￿ of groups of Maharishi Vedi Pandits from India. The purpose of these groups is to practice drfferent aspects of Maharishi's Vedic scien￿ in order lo develop higher states of consciousness and spread an influence of peace and harmony throughout the worfd. iiil Purusha and THMD The PLJrusha and THMD restricted funds were set up to promote courses lo develop the mental and creative potential of the individual. The Purusha fund SLJPPOrts courses for men and the THMD fund supports courses for ladies. iv) National Coherence Project This is a restricted fund set up with the aim of raising funds lo support a permanent group of people praclicing the Transcendental Meditation and Tm-sidhi Programme to create coherence in national consciousness through the Maharishi Effect. vl Lesley Woolley Legacy The Charity was left a legacy by Lesley Woolley, who died in August 2001. The Trustees want to honour the wishes of Lesley Woolley as closely as possible and are currently developing new projects where her legacy can be applied in a manner that will fulfil her intentions as expressed in her Will. vil Bournemouth TM Centre In 2010 a property was PLJrchased in Boumemoulh to be used for a TranS￿ndental Meditation Teaching Centre. The purchase pri￿ was largely funded from a grant. vil} Maharishi Invincibility Schools Fund The Maharishi Invincibility Schools Fund, funds the promotion and introduction of Consciousness-Based Education ICBEI in existing schools and colleges, including costs of faculty training and provision of CBE courses and study facilities for students and teachers. The fund will also be used lo fund the development of new schools and colleges built according to the principles of Maharishi Sthapatya Veda, to provide scholarships lo assist students and teachers lo learn Transcendental Meditation and related Advanced Techniques, and lo provide scholarships to students who may reqLJire help to pay luilion fees and other school or college fees in the context of CBE. Page 49

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted funds {continugdl viiil Ladies Peace Palace Fund The Fund was set up lo raise funds to establish an educational facility for ladies lo be known as a Ladies Peace Palace, with similar objectives to the facility being developed in Suffolk. ixl Global Mother Divine Organisation The Global Mother Divine Organisation {GMDOI is as a separate division of Maharishi Foundation which serves and nourishes the ladies and girls of the UK and the world through Total Knowledge. The GMDO division of Maharishi Foundation indudes five educational departments- see page 3. xl Oxford The Oxford fund is a special fund set up for a Transcendental Meditation centre for Oxford to be established. The aim is for any building acquired for teaching purposes to be named after the donor's mother Edith Saunders who passed away in the mid 1990s. 24. Summary of funds Summary of funds - current ygar Balan¢9 at 31 December 2024 Balan¢9 at 1 January 2024 Transfers inlout Income Expenditure Designated funds General funds 3,056.191 53,101 1,686,770 20,396 1,491,530 327,885 {4.498) 11,635,029) (586,291) 3,072.089 182,039) 1,420,005 8,359 18,3591 Restricted funds 4,796.062 1.839,811 12,225.818) 4,410.055 Sumrnary of funds- prioryear B21ance al 37 December 2023 Balance at l January 2023 Transfers in/oul Gainsl (Losses) Income Expenditure Designated funds 2,977,362 {989,686) 1,608,766 136,494 (50,471) t,642,330 (1.97f,384) 558,249 (488,968) (7, 194) (1,529) 8, 723 3,056, 191 53,101 1.686,7TO General funds 1,373,370 Restricted funds 3,596,442 2,33T,073 (2,510,823) 1,3T3,370 4, 796,062 Page 50

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 25. Analysis of not assets bgtwggn funds Analysis of ngt assgts betweon funds - current period Unrestricted funds 2024 Rgstricted funds 2024 Total funds 2024 Tangible fixed assets Intangible fixed ass&ls Fixed asset investments Debtors due after more than one year Current assets Creditors due within one year Creditors due in more than one year 5,684,380 20,725 291 408,747 6,093.127 20.725 10.291 25,000 343,032 {518.304) 11,563.816) 10,000 25,000 976,258 1633,2261 1518,3041 11,563,816) Total 2,990,050 1,420,005 4,410.055 Analysls of net assets between funds - prlor perlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Intangible fixed assets Fixed asset investments Debtors due after more than one year Current assets Creditors due within one year Creditors due in more than one year 5,838.803 25,508 291 404,475 6,243,278 25,508 10,291 25,000 618,799 (540,640) (1,586, 114) 10,000 25,000 1.247,295 (628.496) (540,640) (t,586, f [4) Total 3, 109,292 1,686, T70 4, 796,062 Page 51

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 26. Rfrcon¢ilialion of not movomont in funds to net Cash flow from operating activiti&$ Group 2024 Group 2023 Net expenditure for the period {as per Statement of Financial Activities) 1386,0071 (173, 750) Adjustments for: Depreciation charges Amortisalion charges Dividends, interests and rents from investments Decrease in stocks Decreasellincreasel in debtors (Decreaselllncrease in creditors Interest paid 150,151 12,583 {23,2921 146,432 4,442 (7,057) 16,347 {48,699) 43,823 53,102 788 (45,4511 61,055 Net cash Iusgd inllprovidgd by opgrating adivities 1230,1731 34,634 27. Analysls of cash and cash equlvalents Group 2024 Group 2023 Bank and cash 247,332 508,415 Totsl cash and cash equivalents 247,332 508,415 28. Analysls of changes In net debt At1 January 2024 Cash flows At31 December 2024 Cash al bank and in hand Debt due within 1 year Debt due after 1 year 508,415 169.766) 11,569,025) 1261,0831 10,467 16,467 247.332 159.299) 11,552.558) 11.130,376) 1234,1491 11,364,525) Page 52

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 29. Pgnsion commitmont$ The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group lo the fund and amounted to £8,46412023 - £6,861) No amounts were outstanding lo the scheme al either 31 De￿mber 2024 or 2023. Page 53

Do(xJsign Envelope ID." C2568F7t>7E13423D-AOO&A3C3DF09A530 MAHARISHI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 30. Related party transactions By virtue of al least common Trustee and ￿rtain related objects and activities, Maharishi Foundation is connected lo the following parties.. al Spiritual Regeneration Movement of Great Britain SRM made a loan of £155,000 to Maharishi Foundation in 2010 in order to help il purchase a building to be used as an administrative centre for the Charity in Rendlesham, Suffolk. An additional £5,000 was added to the loan by SRM in 2012. The loan carries a first charge over the property and accrues interest of 3/0 above bank base rate. The loan is a long-term loan and the loan plus accrued interest is not repayable until the property is sold or until the Trustees of Maharishi Foundation decide lo make repayment at their discretion. Interest accrued in 2024 was £18,78712023 - £16,946}. bl David Lynch Foundation UK In 2024 Maharishi Foundation paid £Nil 12023 - £7001 to David Lynch Foundation UK to support its promotional activities that resulted in many people taking courses offered by Maharishi Foundation. A grant of £Nil 12023 - £23,050) was awarded lo David Lynch Foundation. No amounts were due to David Lynch Foundation at 31 De￿mber 202412023 - £Nil}. cl Invincible Scotland Trust In 2024 Maharishi Foundation paid standard commission on leaching fees of £25,077. to Invincible Scouand Trust {2023 - £30,754). No amounts were due lo Invincible Scotland Trust at 31 December 202412023 - £Nill. dl Peace Palace Membership A number of the Trustees are members of the Pea￿ Pala￿. Memberships have been purchased on normal commercial terms. el Stitching Maharishi P Warburton has confinned he is a member with some degree of management over 3 Stitching Maharishi Organisations. A total of £46,05212023 - £31,854) was paid to these organisations in the year. No amounts were due to Stitching Maharishi al 31 De￿rnber 202412023 - £Nill. fl Close Family remuneration During the year an amount of £1,90012023 - £12,360) was paid as remuneration to L Warburton (wife of P Warburtonl. In addition amounts were paid of £12,458 12023 £Nill to Dr Warburton lo fund his teaching work. The Charity has taken advantage of the exemption available in paragraph 33.1A of FRS 102 and has not disclosed transactions entered into between wholly owned group entities that have been eliminated on consolidation. Page 54