Invincible Scotland Trust SCIO
Charity No SC013238
For the Year Ended 31 December 2024
The trustees have pleasure in presenting their report together with the financial statements and the independent examiner’s report for the year ended 31 December 2024.
Reference & Administrative Information
Charity Name : Invincible Scotland Trust SCIO
Charity No : SC013238
Address
Flat 1 14 Clearburn Crescent Edinburgh EH16 5ER
Trustees during the year 2024
1
Structure Governance & Management
Constitution
Invincible Scotland Trust was formed by Trust Deed 0n 7 January 1986 under the name Scottish Age of Enlightenment Trust and registered as Scottish Charity SC013238. The change of name to Invincible Scotland Trust was approved by OSCR on 14th January 2011. Change of legal status from trust to Scottish Charitable Incorporated Organisation (SCIO) was approved by OSCR on 9[th] November 2016. It is associated with Maharishi Foundation, an educational charity registered in England no. 270157 and in Scotland SC041919, and with Maharishi’s Global Country of World Peace, a charity registered in the Netherlands.
As specified in the constitution of Invincible Scotland Trust SCIO, the trustees of Maharishi Foundation may remove trustees of IST whom they consider to have acted inappropriately, and changes to the constitution or trust deed require the approval of the trustees of Maharishi Foundation.
Appointment of Trustees
New Trustees are appointed from persons who have a specific interest in Transcendental Meditation and its associated programmes and are willing to be involved in the management of the Trust.
Management
The trustees are responsible for the strategic direction and governance of the Trust, whilst day-to-day running of local Centres or branches is delegated to the centre board of governors (teachers of TM) who must be certified teachers of Transcendental Meditation recognised as being in good standing with Maharishi Foundation.
The chairperson of the Board is known as Centre Chairperson and is encouraged to appoint a local committee of volunteers under IST's guidance as far as administrative matters are concerned.
Teaching of Transcendental Meditation and affiliated programmes is undertaken by qualified and certified teachers and consultants who are self-employed and work as appointed representatives of Maharishi Foundation to whom the IST provides premises, facilities and administrative support. Other administrative tasks are conducted by delegated volunteers.
Objectives & Activities
The charity's objectives are to promote, supervise and guide the teaching of Transcendental Meditation and other affiliated programmes and also to provide permanent buildings and other temporary facilities of a professional standard throughout Scotland in
2
which the programmes of Maharishi Foundation can be offered.
The main courses offered are in Transcendental Meditation, as taught by
, and related advanced techniques, knowledge and health programmes including Maharishi AyurVeda and Maharishi Vastu Architecture etc.
The provision of these courses will relieve stress and anxiety and increase health, inner peace, creativity and prosperity by raising the level of consciousness of the individual and of society and in this way create a lasting coherence in the collective consciousness of the population. In this way Invincible Scotland Trust will help transform the lives of Scottish people.
The charity publicises the benefits of its services widely to make members of the public aware of what the Charity has to offer, and also make these programmes available more widely throughout Scotland.
Achievements & Performance
Our teaching consultants at the end of 2024:
Edinburgh: 3 part-time teachers Glasgow: 1 full-time + 1 part-time Aberdeen: 2 part-time. Dundee and Central Scotland: 1 trained assistant; Berwickshire: 1 part-time
Glasgow activities
Teaching of TM & Advanced Techniques have continued at a steady rate.
Building our community – we have continued to offer social events such as Burns night & other gatherings such as the Solstice Walk.
Fundraising – we ran a successful campaign to improve our meditation room & build a new website to allow for online bookings & payments.
Expansion of Consciousness-based Healthcare – a consultation in Maharishi AyurVeda was hosted in Spring & Autumn to give personal consultations which was very successful.
One of our teachers underwent further training in Ayurveda & we reached out to a new audience by running a workshop.
We are collaborating with a consultant who is qualified in Maharishi Veda Aroma Therapy & facilitate her to provide workshops & personal consultations from our Centre.
TM Retreats – we ran a very successful retreat in Scotland and also in Corfu.
3
Marketing & PR – we made several new promotional videos & got professional photos. We got featured in a local magazine and held workshops at a local festival.
Scholarships – our TM Fund received many donations which allowed us to provide the concessionary rate to many people for courses & events.
Edinburgh activities
Opening of the new Edinburgh Peace Palace – with great excitement we all celebrated the inauguration of the Peace Palace in May 2024. This was a huge achievement for Scotland as it is built using the knowledge of Maharishi Vastu Architecture which bestows it with many great benefits & features. It has created a small community of 8 appartements for individuals as well as a TM Centre.
Appointment of a committee and teachers to run the Centre – teaching, knowledge & social events have been running successfully at the new Centre and it is gaining strength.
Financial Review
As at 31 December 2024, the Trust's funds stood at £1,244, 847
The accounts have been prepared on an accruals basis for 2024.
Gross income was £79,314
Reserves Policy
The Trustees are of the opinion that the Trust can continue to operate at the current level of unrestricted reserves.
Investment Policy
The Trustees have considered the most appropriate policy for investing funds and have found that short to medium term investment of liquid funds should be made in interest bearing accounts. However, savings accounts are being monitored closely to ensure they continue to attract the best levels of interest.
Risk Review
The Trustees have undertaken a review of operational and business risks and this has been built into the financial review process.
4
Plans for Future Periods
Continue to develop and expand the provision of teaching throughout Scotland with special emphasis on large group projects.
Glasgow Centre to continue building a team to help with all aspects of the planning and execution of a new purpose-built Consciousness Centre.
Encourage and assist local groups particularly in Aberdeen and Dundee to grow their TM Community.
Improve our financial management by engaging a book-keeper.
Develop a marketing & PR strategy.
Approved by the Board of Trustees on 29 December 2025 and signed on their behalf by:
5
Charity no SC013238
INVINCIBLE SCOTLAND TRUST SCIO
Statement of Financial Activities (including Income and Expenditure Account) for Year 31 December 2024
| Notes Income Donations and legacies 3 Income from charitable activities: 4 Income from other trading activities 5 Investment income Interest received Total Income Expenditure Expenditure on other trading activities Cost of products sold Expenditure on charitable activities 6 Total expenditure Other recognised gains/losses Gains on revaluation of fixed assets for charity's own use Net income/(expenditure) and net movement in funds in year Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 £ £ £ £ 18,956 18,956 9,971 52,171 52,171 53,623 7,910 7,910 4,154 277 277 147 |
|---|---|
| 79,314 79,314 67,895 5,827 5,827 3,847 71,797 20,387 92,184 67,027 |
|
| 77,624 20,387 98,011 70,874 0 0 0 |
|
| 1,690 -20,387 -18,697 -2,979 1,507,966 -244,422 1,263,544 1,263,544 |
|
| 1,509,656 -264,809 1,244,847 1,260,565 |
INVINCIBLE SCOTLAND TRUST SCIO Charity no SC013238 Balance Sheet at 31 December 2024 Notss 3111212024 3111212023 FIXED ASSETS Tangible Fixèd Assèts 842,156 842.156 Current A53ets Cash al Bank and on Hand Cash Account 373.301 425 373.726 377.127 750,853 366.280 425 366.705 217.103 583,808 Debtors and Propaym&nts Cr•ditors'. amounts lalllng dug wlthln ono yoar Accrued Chargès Sundry credttors 10 3,251 5,000 8.251 2.486 4,261 6.747 Net Current Assets 742.602 5TT.061 Creditors.. amounts falling due after one year 14 339.911 155.673 Not Assèts 1,244.847 1.263,544 Funds Unrastrlctad Rèstrfcted 1,509,656 -264,809 1,507,966 -244,422 Total Funds 1.244.847 1.263.544 For the period ending 31 December 2024 the charity was entthed lo exemption from audit. Th8 Trustees acknoM4edge their responsibilf(ies lo.. selgct suitablg accounting policies and apply them consistently., make ludgamants and astlmates that are roasonabla and pnjdant., follow appllcable accounllng standarils. sublact to any matèrfal departur&s dlsdosed and axplalned n the accounts prepare the accounts on a golng concèm basls unlass K Is Inapproprfatè to prèsume that thé Trust will eontinuè its activilés Ibl Icl Approvèd by Board of Trustees and slgned on behalf of the Trustsas, on
Charity no SC013238
INVINCIBLE SCOTLAND TRUST SCIO
Notes on accounts
for Year 31 December 2024
1 Accounting Policies
a) Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Statement of Recommended Practice applicable to charities preparing their accounts; the Financial Reporting Standard appicable in the UK (FRS 102) (effective 1 Jan 2015) Charities SORP FRS 102
b) Income
Income represents grants and donations received during the year and are fully recognised in the Statement of Financial Activities in the year in which they are receivable.
c) Unrestricted Funds
Unrestricted funds are grants and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds
d) Restricted Funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs
2 Legal Status
The charity was re-constituted as a SCIO (Scottish Charitable Incorporated Organisation) on 9 Nov 2016
| 3 Donations and legacies Net Grants received - Maharisha Foundatio Grants received - Charities Trust Legacies Donations and gift aid 4 Income from charitable activities Courses Fees 5 Income from other trading activities Product Sales Other |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 £ £ £ £ 7,600 7,600 1,751 0 0 0 0 0 0 11,356 11,356 8,220 |
|---|---|
| 18,956 18,956 9,971 |
|
| 39,039 39,039 43,472 13,132 13,132 10,151 |
|
| 52,171 52,171 53,623 |
|
| 6,946 6,946 3,948 964 964 206 |
|
| 7,910 7,910 4,154 |
Charity no SC013238
INVINCIBLE SCOTLAND TRUST SCIO
Notes on accounts
for Year 31 December 2024
6 Analysis of expenditure on charitable activities
| £ Allocation Method Course expenses Direct Promotion and education Direct Fees and wages Staff time Legal and professional Direct Travel and subsistence Direct Office costs Staff time Heat and light, Utilities Direct Household sundries Direct Rents, rates and insuranc Direct Training & Accounting Direct Other Direct Depreciation Direct Total resources expended |
Teaching Projects Support Total Total and admin 2024 2023 0 0 0 0 0 4,766 0 0 4,766 2,702 32,488 0 0 32,488 24,327 0 20,387 1,200 21,587 19,106 393 0 0 393 1,071 6,630 0 0 6,630 1,686 1,114 0 0 1,114 924 888 0 0 888 0 22,814 0 0 22,814 12,363 0 0 0 0 0 1,081 0 0 1,081 4,635 423 0 0 423 213 |
|---|---|
| 70,597 20,387 1,200 92,184 67,027 |
Expenditure on charitable activities was £92,184 (2023:£67,027) of which £71,797 was unrestricted (2023: £49,121) and £20,387 was restricted (2023: £17,662)
| 7 Tangible fixed assets Office Property £ Equipment at cost Totals COST: At 1 January 2024 1275 842,156 843,431 Revaluation of Property 0 0 Additions 0 0 0 At 31 December 2024 1,275 842,156 843,431 DEPRECIATION At 1 January 2024 852 0 852 Charge for year 423 0 423 At 31 December 2024 1,275 0 1,275 NET BOOK VALUE At 31 December 2024 0 842,156 842,156 At 31 December 2023 0 842,156 842,156 8 Debtors and prepayments 2024 2023 Sundry debtors 24 0 Loans to Pada Vastu 377,103 217,103 377,127 217,103 9 Analysis of support and governance costs 2024 2023 Board Expenses: Governance 0 0 Independent Examiner: Governance 1,200 1,200 Teaching expenses:Support 0 150 Other:Professional Support 0 0 1,200 1,350 |
7 Tangible fixed assets Office Property £ Equipment at cost Totals COST: At 1 January 2024 1275 842,156 843,431 Revaluation of Property 0 0 Additions 0 0 0 At 31 December 2024 1,275 842,156 843,431 DEPRECIATION At 1 January 2024 852 0 852 Charge for year 423 0 423 At 31 December 2024 1,275 0 1,275 NET BOOK VALUE At 31 December 2024 0 842,156 842,156 At 31 December 2023 0 842,156 842,156 8 Debtors and prepayments 2024 2023 Sundry debtors 24 0 Loans to Pada Vastu 377,103 217,103 377,127 217,103 9 Analysis of support and governance costs 2024 2023 Board Expenses: Governance 0 0 Independent Examiner: Governance 1,200 1,200 Teaching expenses:Support 0 150 Other:Professional Support 0 0 1,200 1,350 |
7 Tangible fixed assets Office Property £ Equipment at cost Totals COST: At 1 January 2024 1275 842,156 843,431 Revaluation of Property 0 0 Additions 0 0 0 At 31 December 2024 1,275 842,156 843,431 DEPRECIATION At 1 January 2024 852 0 852 Charge for year 423 0 423 At 31 December 2024 1,275 0 1,275 NET BOOK VALUE At 31 December 2024 0 842,156 842,156 At 31 December 2023 0 842,156 842,156 8 Debtors and prepayments 2024 2023 Sundry debtors 24 0 Loans to Pada Vastu 377,103 217,103 377,127 217,103 9 Analysis of support and governance costs 2024 2023 Board Expenses: Governance 0 0 Independent Examiner: Governance 1,200 1,200 Teaching expenses:Support 0 150 Other:Professional Support 0 0 1,200 1,350 |
|---|---|---|
| 1,200 1,350 |
Charity no SC013238
INVINCIBLE SCOTLAND TRUST SCIO
Notes on accounts for Year 31 December 2024
| 10 Accrued charges | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Sundry creditors | 5,000 | 765 | ||||
| Accrued Charges | 3,251 | 2,486 | ||||
| 8,251 | 3,251 | |||||
| 11 Analysis of movement of | funds | |||||
| 01-Jan | Incoming | Resources | Total | Transfers | 31-Dec | |
| 2024 | Resources | Expended | Funds | 2024 | ||
| £ | £ | £ | £ | |||
| Restricted Funds | ||||||
| Property development | -244,422 | 0 | 20,387 | -264,809 | 0 | -264,809 |
| Total Restricted | -244,422 | 0 | 20,387 | -264,809 | 0 | -264,809 |
| Unrestricted Funds | ||||||
| Revaluation reserve | 335,000 | 335,000 | ||||
| General | 1,172,966 | 79,314 | 77,624 | 1,174,656 | 0 | 1,174,656 |
| Total Unrestricted | 1,507,966 | 79,314 | 77,624 | 1,174,656 | 0 | 1,509,656 |
| Total Funds | 1,263,544 | 79,314 | 98,011 | 909,847 | 0 | 1,244,847 |
12 Analysis of net assets between funds
| Fund balances at 31/12/24 represented by: Tangible fixed assets Net Current Assets Net Long Term Liabilities |
Unrestricted Restricted Total Funds Funds £ £ £ 842,156 0 842,156 1,007,411 -264,809 742,602 -339,911 0 -339,911 |
|---|---|
| 1,509,656 -264,809 1,244,847 |
13 Trustee remuneration and expenses
No trustees received any remuneration during the year.
Travelling expenses were paid to the National Director who undertook teaching engagements and training of staff amounting to £0 (2023 £0)
No other trustee received expenses
| 14 Creditors falling due after one year Property deposits for Clearburn development Other loans for development |
2024 2023 £ £ 12,650 12,650 327,261 143,023 |
|---|---|
| 339,911 155,673 |
Charity no SC013238
INVINCIBLE SCOTLAND TRUST SCIO
Notes on accounts for Year 31 December 2024
15 Revaluation Reserve
Operational properties at cost of £475,000 were revalued in 2018 at £810,000 creating a reserve of £335,000
16 Trading Subsidiary
The Charity has a wholly owned subsidiary Pada Vastu Ltd incorporated 1/2/2017 with share capital of £1
During the year to 31 December 2024 £41,691 was spent on Property costs and Professional Fees.and admin. The bank balance of Pada Vastu Ltd at 31 December 2024 was £212,504
The above accounts are for the Charity only
Independent Examiner’s Report to the Trustees of Invincible Scotland Trust SCIO
I report on the accounts of Invincible Scotland Trust SCIO for year ended 31 December 2024
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply.
It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
The Institute of Chartered Accountants of Scotland
Address: Anderson Associates 10 Chapelton Gardens, Bearsden, G61 2DH