BRIGHT PATH ISHAYAS C.I.C

Company limited by guarantee

Company Registration Number:
07096056 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

BRIGHT PATH ISHAYAS C.I.C

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRIGHT PATH ISHAYAS C.I.C

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The company’s principal activity for the year ended 31 December 2024 was to facilitate the teaching of meditation



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

S Page
J M Sharp


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 January 2025

And signed on behalf of the board by:
Name: J M Sharp
Status: Director

BRIGHT PATH ISHAYAS C.I.C

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 7,304 7,735
Gross profit(or loss): 7,304 7,735
Administrative expenses: ( 6,354 ) ( 8,120 )
Operating profit(or loss): 950 (385)
Profit(or loss) before tax: 950 (385)
Profit(or loss) for the financial year: 950 (385)

BRIGHT PATH ISHAYAS C.I.C

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 8,608 9,438
Total current assets: 8,608 9,438
Net current assets (liabilities): 8,608 9,438
Total assets less current liabilities: 8,608 9,438
Creditors: amounts falling due after more than one year: 3 ( 688 ) ( 2,400 )
Total net assets (liabilities): 7,920 7,038
Members' funds
Profit and loss account: 7,920 7,038
Total members' funds: 7,920 7,038

The notes form part of these financial statements

BRIGHT PATH ISHAYAS C.I.C

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 January 2025
and signed on behalf of the board by:

Name: J M Sharp
Status: Director

The notes form part of these financial statements

BRIGHT PATH ISHAYAS C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BRIGHT PATH ISHAYAS C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

BRIGHT PATH ISHAYAS C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 688 2,400
Total 688 2,400

COMMUNITY INTEREST ANNUAL REPORT

BRIGHT PATH ISHAYAS C.I.C

Company Number: 07096056 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

We provide easy, effective meditation techniques designed to enhance well-being and alleviate stress. Discover the magic of life with no beliefs necessary just an open mind and a desire to view life as an adventure, embracing new experiences. Our meditation, called Ascension, symbolizes the power to rise above mental chatter and the negative habits and limiting beliefs we often carry about ourselves and those around us. We provide teaching and support services for individuals of all ages, cultures, and ethnic backgrounds. Similarly, our teaching staff is diverse, bringing a range of life experiences and varying ages. This year, we have maintained our in-person teaching but observed a decline in interest among learners. Additionally, we continue to offer online support for those who have already mastered this meditation method, while also providing general wellness sessions aimed at reducing stress for anyone in the community who wishes to participat

Consultation with stakeholders

The Company's activities support the community who teach and have learned Bright Path Ishaya meditation (Ascension) and those who desire to learn. These stakeholders are regularly updated via online meetings, regular newsletters, webinars and teaching weekend/retreats and a 24/7 helpline for people struggling with daily life. We are continuously exploring ways to best communicate the activities of the Company with our stakeholders to achieve maximum impact in these challenging times. These include many channels of social media and video conferencing. To this end, we have continued holding three online meetings daily, accumulating some 1,500 hours of teacher-led meditation, well-being and reducing stress sessions.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £3,600. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 January 2025

And signed on behalf of the board by:
Name: J M Sharp
Status: Director