## 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
1. 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
2. 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