**REGISTERED CHARITY NUMBER: 292011**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 July 2024**
**for**
**Life Eternal Trust (UK)**
**Life Eternal Trust (UK)**
|**Contents of the Financial Statements**||||
|---|---|---|---|
|**for the Year Ended 31 July 2024**||||
|||**Page**||
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**Life Eternal Trust (UK)**
## **Report of the Trustees for the Year Ended 31 July 2024**
The directors of the trustee company present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Life Eternal Trust (UK) - LET(UK) - began operating in 1985. The Charity's activities involve the dissemination of knowledge promoting spiritual health and wellbeing, and in particular the techniques of Sahaja Yoga meditation and the teachings of Shri Mataji Nirmala Devi.
Life Eternal Trust (UK) Limited, a company limited by guarantee, registered in England and Wales company number 06534285, is the sole trustee of Life Eternal Trust (UK). The Directors of the company are listed below and the Company Secretary is Stephen Martin.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
## Objectives and aims
The aims of the charity are as set out in the trust deed and centre on the dissemination of knowledge which promotes and actualises physical, mental, emotional and spiritual health, balance and well-being. This knowledge comprises in particular the techniques of Sahaja Yoga meditation and the teachings of Shri Mataji Nirmala Devi, which constitute "Vishwa Nirmala Dharma" (Universal Pure Religion) - the synthesis and integration of the world's major religions. The charity promotes the idea and practice of "Sahaja Dharma" as a model for a tolerant and spiritually-centred way of life. The charity seeks to advance education throughout the world and fosters the understanding and practice of music, arts and crafts from different cultures.
## **Significant activities**
It has always been one of the Charity's core activities to provide regular free classes in Sahaja Yoga techniques and the teachings of Shri Mataji Nirmala Devi. The classes are usually offered to the general public in community premises, across London and throughout the UK, and hosted by established practitioners of Sahaja Yoga (acting as unpaid volunteers). .Some online classes are provided (developed during Covid-19 restrictions), including the recent successful 21-day Meditation Program, but it is recognised that physical "local" meetings are a preferable means of communicating Sahaj Yoga knowledge and techniques. The charity continues to develop its online methods to advertise Sahaja Yoga meetings and to establish and maintain contact with people interested in Sahaja Yoga.
The charity continues its programme of regular and repeat attendance at exhibitions and festivals. Organisers of these events have for many years welcomed the charity's participation, providing as it does the beneficial effects of Sahaja Yoga meditation for their show visitors, and continue to give the charity favourable terms. In particular the London Ideal Home Show (March 2025) was, as in previous years, one of the charity's more successful public-facing events. Each year the charity offers several special One-Day Retreats at its National Centre at Bloxham Barn Farm to enable newcomers to deepen their experience of Sahaj Yoga. A series of public events has been established at mainline railway stations in London and other cities which has generated considerable interest amongst rail users. In 2024 a two-week tour took place bringing music and meditation sessions to the public in towns and cities across northern England.
The Charity has secured, for the twelfth consecutive year, a "Google Adwords" grant for publicising the Charity's meditation meetings. The value of the grant is $120,000.
The charity continues to make improvements to its Bloxham Barn Farm property, and a significant active contribution by the charity's volunteers helps to save costs. Major works are funded by donations raised specifically for the purpose, to avoid financial impact on the charity's other activities.
The charity's property in Cantalupo Ligure, Italy, acquired in June 2014, is now leased to Casa Madre Impresa Sociale Srl Ets (part of Fondazione Mondiale Shri Mataji Nirmala Devi Sahaja Yoga based in Cabella Ligure, Italy), who have assumed responsibility for all property expenditures for compliance with Italian national and regional requirements. Under the management of Casa Madre, use of the property continues to fulfil the aims and objectives of the charity, to an even greater degree than previously.
The charity has continued to provide funds for international education projects run by sister organisations in Italy and the Czech Republic. As in previous years, financial and volunteer support has been provided to carefully selected international projects devoted to spreading Sahaja Yoga in various parts of the world.
The Charity continues to take the necessary steps to fulfil its obligations under the General Data Protection Regulation.
## **Volunteers**
The charity relies solely on volunteers for its administration and its charitable work and has no paid employees.
Page 1
**Life Eternal Trust (UK)**
## **Report of the Trustees**
## **for the Year Ended 31 July 2024**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Voluntary donation income from Sahaja Yoga practitioners, much of it as regular monthly standing orders, is used to provide the equipment and facilities necessary for Sahaja Yoga meetings and functions in the UK, and to give financial support to international activities as noted elsewhere in this report.
## **Charitable purposes and public benefit**
The directors of Life Eternal Trust (UK) Ltd have considered the requirements of the Charity Commission in relation to charitable purposes and public benefit, and are fully satisfied that the charity meets those requirements.
## **FINANCIAL REVIEW**
## **Principal Funding Sources**
It is a key tenet of the Charity that the knowledge and experience of Sahaja Yoga is always provided completely free of charge. Activities are financed by voluntary donations from Sahaja Yoga practitioners as the Charity does not raise donations from the general public.
## **Reserves policy**
At 31 July 2024 reserves totalled £.2,354,,837 (2023 - £2,309,677) of which £766,507 is restricted. Unrestricted reserves of £1,588,330 are to be used in line with the aims of the Charity as set down in the trust deed.
## **Review of the year**
Total incoming resources for the year amounted to £339,265 (2023 - £483,191). During the year, direct charitable expenditure was £294,105 (2023 - £316,165).
Net incoming resources for the year amounted to £45,160 (2023 - £167,026). There is an accumulated balance on unrestricted funds of £1,588,330 as at 31 July 2024 (2023 - £1,296,112) and restricted funds totalled £766,507 (2023 - £1,013,565).
## **FUTURE PLANS**
The charity continues to have two main areas of focus. It will continue to spread the knowledge of Sahaja Yoga meditation, promoting spiritual health and wellbeing for all, through public meetings and events.
Alongside this, the charity will continue to provide the means for Sahaja Yoga practitioners to deepen their spiritual development through participation in cultural activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is administered under a Trust deed dated 28 May 1985 as amended by further deeds dated 18 May 2000 and 29 February 2008. Life Eternal Trust (UK) is registered with the Charity Commission for England and Wales, number 292011.
## **Recruitment and appointment of new trustees**
The directors of Life Eternal Trust (UK) Limited bring their own personal and professional skills to bear when acting as trustees of the charity. They identify the mix of skills, knowledge and experience necessary for the efficient and effective operation of the charity and ensure that all needs are met, calling on external professional help as appropriate.
## **Organisational structure**
During the financial year reported on herein the directors of Life Eternal Trust (UK) Ltd were responsible for setting strategies and policies for the charity and for ensuring that these are implemented. The directors meet on a regular basis to review the work of the charity and to deal with its detailed financial and administrative affairs. The directors of Life Eternal Trust (UK) Ltd have appointed a number of working groups to deal with the various areas of the charity's activity such as publicity, education, social affairs, property, finance, and so on. Each working group includes at least one director of the trustee company.
## **Induction and training of trustees**
Directors of the trustee company who have held office for many years take care to share the knowledge they have acquired. Advice from the charity's advisers is fully reported to all trustee company directors, in particular the risk assessment procedures recommended by the charity's insurance broker. The trustee directors recognise the need to assess whether any training might be required in order to improve the way they manage the charity.
## **Wider network**
The charity cooperates with organisations in other countries having the same aims and objectives. In particular, the charity supports the Shri Mataji Nirmala Devi Sahaja Yoga World Foundation based in Cabella Ligure, Italy, and Nirmal Intellectual Property Corporation in the USA which is responsible for the preservation and distribution of the recorded teachings of Shri Mataji Nirmala Devi.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
292011
Page 2
**Life Eternal Trust (UK)**
**Report of the Trustees for the Year Ended 31 July 2024**
**Principal address** 14 Essex Road Enfield EN2 6TZ
**Trustees Directors of the trustee company** Alison Bauzys Prasad Benjamin Beaven (appointed 25 April 2025) Sheng-Chia Chung John James Glover Geoffrey Godfrey Victoria Raie Halperin Raymond Philip Harris Stephen James Martin Philippa Newman (appointed 08 May 2025) Qasim Wazir Rashid (appointed 11 October 2024) Dr Zafar Iqbal Rashid Dr Sarah Loveday Setchell
**Solicitors**
Stone King LLP Boundary house 91 Charterhouse Street London EC1M 6HR
**Independent Examiner** Natasha Cassidy
Peter Upton Ltd Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 1RR
## **Bankers**
National Westminster Bank Plc PO Box 3AW 104 Tottenham Court Road London W1A 3AW
Approved by order of the board of trustees on 17 May 2025 and signed on its behalf by:
Stephen James Martin - Trustee
Page 3
**Independent Examiner's Report to the Trustees of Life Eternal Trust (UK)**
## **Independent examiner's report to the trustees of Life Eternal Trust (UK)**
I report to the charity trustees on my examination of the accounts of Life Eternal Trust (UK) (the Trust) for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Natasha Cassidy
Date: .............................................
Page 4
**Life Eternal Trust (UK)**
## **Statement of Financial Activities**
## **for the Year Ended 31 July 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Events and meetings
National Centre - Bloxham Barn Farm
Italian Centre
**Total**
**NET INCOME**
**Transfers between funds**
10
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
319,877
2,357
322,234
-
221,422
72,683
-
294,105
28,129
264,089
292,218
1,296,112
1,588,330|Restricted
funds
£
16,765
266
17,031
-
-
-
-
-
17,031
(264,089)
(247,058)
1,013,565
766,507|31.7.24
Total
funds
£
336,642
2,623
339,265
-
221,422
72,683
-
294,105
45,160
-
45,160
2,309,677
2,354,837|31.7.23
Total
funds
£
456,486
26,705|
|---|---|---|---|---|
|||||483,191|
|||||20
224,486
73,701
17,958|
|||||316,165|
|||||167,026
-|
|||||167,026
2,142,651|
|||||2,309,677|
The notes form part of these financial statements
Page 5
**Life Eternal Trust (UK)**
## **Balance Sheet**
## **31 July 2024**
|Notes
**FIXED ASSETS**
Tangible assets
4
**CURRENT ASSETS**
Debtors
5
Cash at bank
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
7
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
1,903,219
58,511
144,909
203,420
(202,449)
971
1,904,190
(315,860)
1,588,330|Restricted
funds
£
632,129
-
29,536
29,536
104,842
134,378
766,507
-
766,507|31.7.24
Total
funds
£
2,535,348
58,511
174,445
232,956
(97,607)
135,349
2,670,697
(315,860)
2,354,837
1,588,330
766,507
2,354,837|31.7.23
Total
funds
£
2,514,412
43,975
185,371|
|---|---|---|---|---|
|||||229,346
(89,732)|
|||||139,614|
|||||2,654,026
(344,349)|
|||||2,309,677|
|||||1,296,112
1,013,565|
|||||2,309,677|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2025 and were signed on its behalf by:
Sarah Loveday Setchell - Trustee
The notes form part of these financial statements
Page 6
**Life Eternal Trust (UK)**
**Notes to the Financial Statements for the Year Ended 31 July 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Freehold buildings are not depreciated as the directors believe that the estimated residual value is not materially different to the carrying value of the buildings. The directors claim exemption under the SORP from the requirement that these assets are subject to an annual impairment review, but will carry out such a review when there is some indication that the recoverable amount of the asset falls below its net book value. Land is not depreciated.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## **Financial instruments**
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023..
.
continued...
Page 7
**Life Eternal Trust (UK)**
## **Notes to the Financial Statements - continued for the Year Ended 31 July 2024**
## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Events and meetings
National Centre - Bloxham Barn Farm
Italian Centre
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**4.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 August 2023
Additions
At 31 July 2024
**DEPRECIATION**
At 1 August 2023
Charge for year
At 31 July 2024
**NET BOOK VALUE**
At 31 July 2024
At 31 July 2023||Unrestricted
fund
£
347,124
26,580
373,704
20
224,486
73,701
-
298,207
75,497
1,220,615
1,296,112
Freehold
property
£
2,670,627
22,026
2,692,653
214,000
-
214,000
2,478,653
2,456,627||Restricted
funds
£
109,362
125
109,487
-
-
-
17,958
17,958
91,529
922,036
1,013,565
Fixtures
and
fittings
£
74,220
15,339
89,559
16,435
16,429
32,864
56,695
57,785||Total
funds
£
456,486
26,705|
|---|---|---|---|---|---|---|
|||||||483,191|
|||||||20
224,486
73,701
17,958|
|||||||316,165|
|||||||167,026
2,142,651|
|||||||2,309,677|
|||||||Totals
£
2,744,847
37,365
2,782,212
230,435
16,429
246,864
2,535,348
2,514,412|
||||||||
||||||||
||||||||
||||||||
||||||||
The last independent professional valuation of the property was carried out in March 2010 and was considered to be in the region of £1,600,000. The directors consider that in the light of improvement expenditure and current market conditions, the market value at the year end is not significantly different from net book value, and there are no indications of further impairment.
continued...
Page 8
**Life Eternal Trust (UK)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 July 2024**
## **5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 8)
Trade creditors
Other creditors
Accruals and deferred income
**7.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 8)
Other creditors|31.7.24
£
58,511
31.7.24
£
28,000
9,565
17,827
42,215
97,607
31.7.24
£
285,860
30,000
315,860|31.7.23
£
43,975
31.7.23
£
28,000
8,341
10,298
43,093
89,732
31.7.23
£
314,349
30,000|
|---|---|---|
|||344,349|
The mortgage is from National Westminster Bank plc for a term of 5 years and was re-negotiated in August 2018 and is being repaid on a capital and interest basis.
## **8. LOANS**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
**9.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans|31.7.24
£
28,000
285,860
31.7.24
£
313,860|31.7.23
£
28,000|
|---|---|---|
|||314,349|
|||31.7.23
£
342,349|
The mortgage from NatWest is secured by a legal charge over Bloxham Barn Farm dated 19 July 2010.
continued...
Page 9
**Life Eternal Trust (UK)**
## **Notes to the Financial Statements - continued for the Year Ended 31 July 2024**
## **10. MOVEMENT IN FUNDS**
|At 1.8.23
£
**Unrestricted funds**
General fund
1,296,112
**Restricted funds**
London Centre
-
Farm mortgage initiative
523,625
Italian Centre
427,720
Farm Improvements Project
62,220
1,013,565
**TOTAL FUNDS**
2,309,677
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Italian Centre
Farm Improvements Project
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Farm mortgage initiative
Italian Centre
Farm Improvements Project
**TOTAL FUNDS**||
|---|---|
|||
|||
continued...
Page 10
**Life Eternal Trust (UK)**
**Notes to the Financial Statements - continued**
## **for the Year Ended 31 July 2024**
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Italian Centre
Farm Improvements Project
**TOTAL FUNDS**|Incoming
resources
£
373,704
47,267
62,220
109,487
483,191|Resources
Movement
expended
in funds
£
£
(298,207)
75,497
(17,958)
29,309
-
62,220
(17,958)
91,529
(316,165)
167,026|Resources
Movement
expended
in funds
£
£
(298,207)
75,497
(17,958)
29,309
-
62,220
(17,958)
91,529
(316,165)
167,026|
|---|---|---|---|
||||91,529|
||||167,026|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2024 or 31 July 2023.
## **12. ULTIMATE CONTROLLING PARTY**
The ultimate controlling party of the charity is the board of directors of the trustee company.
Page 11
**Life Eternal Trust (UK)**
**Detailed Statement of Financial Activities for the Year Ended 31 July 2024**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 July 2024**|||
|---|---|---|
||31.7.24|31.7.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|285,905|416,989|
|Tax reclaimed from HMRC under Gift Aid|50,737|39,497|
||336,642|456,486|
|**Other income**|||
|Bank interest|2,623|1,705|
|Re-designation of loan|-|25,000|
||2,623|26,705|
|**Total incoming resources**|339,265|483,191|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Bad debts|-|20|
|**Charitable activities**|||
|Rates and water|9,002|7,915|
|Insurance|7,852|6,266|
|Light and heat|8,098|16,550|
|Advertising|9,795|7,507|
|Sundries|994|-|
|Event and function costs|155,338|138,512|
|Motor and travel expenses|-|949|
|Repairs and maintenance|11,158|30,980|
|Books and publications|2,818|4,033|
|Office administration|-|1,292|
|Exchange rate adjustment|175|21|
|Courses|-|1,764|
|Storage|-|148|
|Skips, waste disposal|1,844|1,479|
|Adjustment to prior year|11,851|-|
|Fixtures and fittings|16,429|5,928|
|International project contributions|14,933|50,234|
||250,287|273,578|
|**Support costs**|||
|**Management**|||
|Insurance|24|179|
|Printing, postage and stationery|2,761|2,562|
|Internet and website|3,898|6,718|
||6,683|9,459|
|**Finance**|||
|Bank charges|1,763|1,692|
|Mortgage interest|33,411|29,354|
||35,174|31,046|
This page does not form part of the statutory financial statements
Page 12
**Life Eternal Trust (UK)**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 July 2024**|||
||31.7.24|31.7.23|
||£|£|
|**Finance**|||
|**Governance costs**|||
|Legal fees|71|262|
|Independent examiners fee|1,890|1,800|
||1,961|2,062|
|Total resources expended|294,105|316,165|
|**Net income**|45,160|167,026|
This page does not form part of the statutory financial statements
Page 13