Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-30The work of AVS is to serve Humanity and Nature in the following ways: Through the creation and protection of reservoirs of optimum biodiversity Through the provision of spaces for the practice of meditation in nature Through practical education related to natural cultivation, ecology, traditional arts and crafts and meditation. The main activities undertaken in relation to those objectives are: The purchase of land for biodiversity reservoirs. Planting and natural cultivation. The collection, practice and dissemination of knowledge related to traditional ecological knowledge (TEK). The design and manufacture of materials, tools, and utensils for use on the biodiversity reservoirs from natural materials to replace such items made from harmful plastic or other synthetics materials. The design and construction of meditation hermitages from natural materials such as wood, cob, stone and thatch. The provision of education related to natural ways of living. The provision of education related to traditional crafts.2366502354502366502024-09-302023-10-01falseNo description of principal activity00 11555525 2023-10-01 2024-09-30 11555525 2022-10-01 2023-09-30 11555525 2024-09-30 11555525 2023-09-30 11555525 2023-10-01 11555525 2022-10-01 11555525 c:RegisteredOffice 2023-10-01 2024-09-30 11555525 d:Buildings 2023-10-01 2024-09-30 11555525 d:Buildings 2024-09-30 11555525 d:Buildings 2023-09-30 11555525 d:CurrentFinancialInstruments 2024-09-30 11555525 d:CurrentFinancialInstruments 2023-09-30 11555525 c:FRS102 2023-10-01 2024-09-30 11555525 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11555525 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11555525 b:Trustee1 2023-10-01 2024-09-30 11555525 b:Trustee2 2023-10-01 2024-09-30 11555525 b:Trustee3 2023-10-01 2024-09-30 11555525 b:Trustee4 2023-10-01 2024-09-30 11555525 b:UnrestrictedFundsGeneral 2023-10-01 2024-09-30 11555525 b:UnrestrictedFundsGeneral 2024-09-30 11555525 b:UnrestrictedFundsGeneral 2023-09-30 11555525 b:TotalUnrestrictedFunds 2024-09-30 11555525 b:TotalUnrestrictedFunds 2023-09-30 11555525 b:TotalRestrictedIncomeFunds 2024-09-30 11555525 b:TotalRestrictedIncomeFunds 2023-09-30 11555525 c:FullAccounts 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 11555525
Charity number: 1181115




ADVAITA VEDANTA SADHANA
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024













img261b.png
 

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 6
Statement of financial activities
7
Balance sheet
8 - 9
Notes to the financial statements
10 - 16

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Trustees
M Hallett (resigned 16 May 2024)
B Pankhania
T Pomeroy
S Hanssen (appointed 16 April 2024)

Company registered number
11555525

Charity registered number
1181115

Registered office
Tor Vista
Beechwood Road
Bath
BA2 5JU

Accountants
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ

Page 1

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The Trustees present their annual report together with the financial statements of the Advaita Vedanta Sadhana for the  1 October 2023 to 30 September 2024The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The Advaita Vedanta Sadhana is governed by its Memorandum and Articles of Association with the aims of
providing the advancement of the education of the public in the philosophy, teachings and practices of Advaita
Vedanta and its practical applications in life in such ways that are charitable according to English law and for the
benefit of the public throughout the world. The charity has a Board of Trustees currently consisting of 3 members who meet regulary throughout the year and are responsible for the strategic direction and policy of the Charity.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Activities undertaken to achieve objectives
 

The work of AVS is to serve Humanity and Nature in the following ways:
 
Through the creation and protection of reservoirs of optimum biodiversity
Through the provision of spaces for the practice of meditation in nature
Through practical education related to natural cultivation, ecology, traditional arts and crafts and meditation.

The main activities undertaken in relation to those objectives are:
 
The purchase of land for biodiversity reservoirs.
Planting and natural cultivation.
The collection, practice and dissemination of knowledge related to traditional ecological knowledge (TEK).
The design and manufacture of materials, tools, and utensils for use on the biodiversity reservoirs from natural materials to replace such items made from harmful plastic or other synthetics materials.
The design and construction of meditation hermitages from natural materials such as wood, cob, stone and thatch.
The provision of education related to natural ways of living.
The provision of education related to traditional crafts.

 

  

 
Page 2

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Main achievements of the Charity
 

The work of AVS has been carried out through its sister organisation the association AVS France. AVS UK owns land in the French Pyrenees, which has been transformed into a biodiversity reservoir and educational centre by our sister organisation in France, the association AVS (France). This work falls into four main categories

A: Water Retention Work
B: Terrace construction
C: Soil cultivation
D: Biodiversity planting
E: Educational work.

The work of 2024 was a continuation of the activities undertaken in 2023. At AVS’s biodiversity reservoir at Ginoles, the trustees undertook over 60 projects. The main ones were as follows

1. Transport community green waste to the site and distribute it.
2. Identify local sources of fresh fruit and vegetable waste
3. Nurture the soil biome on terrace 4.
4. Nurture the soil biome on section 3 of terrace 6
5. Excavate section 2 of terrace 4.
6. Pin the edges of terrace 3.
7. Continue the excavation of the hugelbed on terrace 5
8. Extend the front of terrace 5 westwards
9. Protect terraces 7-8 from pigs and deer
10. Fine tune the height and gradient of section 4 of terrace 6
11. Build a raised area for the marquee
12. Sow and fence off the marquee mound
13. Collect 15 cubic metres of sawdust from the timber mill
14. Excavate a massive sawdust storage trench
15. Research & design a super-composter
16. Identify site location criteria for the super-composter
17. Identify location for the super-composter
18. Research plastic free lighting for the workshop
19. Obtain stones for the wall foundation of the super-composter
20. Run the project’s first internship
21. Build and test and Earth-Pit Sawdust composter
22. Create green material bays
23.Widen the lower roadway
24. Choose and appoint a new trustee
25. Research locally available wooden gates and gateposts or making them in-house.
26. Design boar and deer fencing around the bottom meadow
27. Mark out the new fence line.
28. Gather round stones for hermitage building pillar foundations
29. Obtain and plant bio-seeds for green manure.
30. Germinate thatch reed.
31. Study bamboo fence design
32. Research and buy an electric off-road all terrain vehicle
33. Design a trailer for the EV
34. Test grow Vigna radiata
35. Research and purchase a chain saw
36. Sort cut and stack hugelkultur bed timbers
37. Gather and sort branches for the hugelkultur bed
38. Make a turf growing box
39. Move 40 cubic metres of leaf compost
40.Waterproof the lake bed
41. Streamline biodiversity land acquisition
42. Respond to offers of land
Page 3

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 
Achievements and performance (continued)

43. Clarify legal ownership of the derelict property at1 Rue Michance
44. Source fence posts for the bamboo fence
45.Write a handbook for the trustees
46. Create an introductory course and study materials
47. Create an easy to understand factual account of global dynamics.
48. Create a gatefold brochure for the course
49. Make a seasonal calendar for cyclical work
50. Create an activities handbook
 

b. Financial review
  

During the year, AVS (the UK charity) did not seek any funding and did not receive any funding.

Incoming resources during the year totalled £NIL (2023: £NIL) and there was a deficit for the year of £600 (2023: deficit of £600). The charity incurred capital expenditure of £NIL during the year (2023: £NIL).                                  
At 30 September 2024 the charity had reserves of £117,725 (2023: £118,325), of which £120,725 (2023: £120,725) was tied up in fixed assets. This leaves negative free reserves of £3,000.
 

Financial review
 

a. Going concern
 

The Charity currently has negative free reserves of £3,000. However, this relates to amounts that are owed to one Trustee and this Trustee remains supportive of the Charity and its objectives. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 
 

b. Reserves policy
 

The Charity is not yet trading and the only activity has been the initial investment in the purchase of the land.
Running costs are currently minimal and the Trustees will be formalising a reserves policy once further activity
commences.
 

c. Principal risks and uncertainties
 

The Trustees actively review the major risks which the charity faces on a regular basis. The Trustees have also
examined other operational and business risks which are faced and confirm that they have established systems to mitigate any significant risks.
 
Page 4

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 
Financial review (continued)

 

 
Structure, governance and management
 

a. Constitution
 

The organisation is a charitable company limited by gaurantee, incorporated on 6 September 2018 and registered as a charity on 11 December 2018. The charity was established under a Memorandum of Association, and is governed under its Articles of Association which were updated in March 2019.
 
 

b. Methods of appointment or election of Trustees
 

The founders of the charity, having the requisite expertise in Vedanta, ecology, health, architecture and meditation, are its original trustees. If it becomes necessary to elect further trustees, this will be done through election of candidates chosen for their knowledge of the field of work of the charity.
 

c. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.








 
Page 5

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) 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 Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 

Approved by order of the members of the board of Trustees on 25 June 2025 and signed on their behalf by:
 




................................................
T Pomeroy
Trustee
Page 6

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £

Income from:






Total income
-
-
-
Expenditure on:






Charitable activities

3

600

600

600
 
Total expenditure
600
600
600

Net movement in funds
  
(600)
(600)
(600)

Reconciliation of funds:

  




Total funds brought forward

  

118,325

118,325

118,925
 
Net movement in funds

  

(600)

(600)

(600)
 
Total funds carried forward
  
117,725
117,725
118,325

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 16 form part of these financial statements.

Page 7

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)
REGISTERED NUMBER: 11555525

 
 
BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
120,725
120,725

  
120,725
120,725

Current assets
  

  
 
-
 
 
-
 

Creditors: amounts falling due within one year
 7 
(3,000)
(2,400)

Net current liabilities
  
 
 
(3,000)
 
 
(2,400)

Total assets less current liabilities
  
117,725
118,325

Net assets excluding pension asset 
  
117,725
118,325

Total net assets 
  
117,725
118,325


Charity funds
  

Restricted funds
  
-
-

Unrestricted funds
  
117,725
118,325

Total funds
  
117,725
118,325

Page 8

 
ADVAITA VEDANTA SADHANA
 
(A company limited by guarantee)

 
 
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 25 June 2025 and signed on their behalf by:




___________________________
T Pomeroy
Trustee

The notes on pages 10 to 16 form part of these financial statements.

Page 9

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Advaita Vedanta Sadhana is a private company limited by guarantee domiciled in England and
Wales. Its registered office address is Tor Vista, Beechwood Road, Bath, England, BA2 5JU.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Advaita Vedanta Sadhana 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 stated in the relevant accounting policy.

  
2.2

Going concern

The Trustees assess whether the use of a going concern is appropiate, i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the charity to continue as a going concern. The Trustees make this assessment in respect of a period
of at least one year from the date of authorisation for issue of the financial statements. The Charity currently has negative free reserves of £3,000. However, this relates to amounts that are owed to one Trustee and this Trustee remains supportive of the Charity and its objectives. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

  
2.3

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Page 10

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.4

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to 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 resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
Freehold land is not depreciated.


2.6

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it 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 Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 11

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of
FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are
initially measured at their transaction price including transaction costs and are subsequently carried
at their amortised cost using the effective interest method, less any provision for impairment, unless
the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the
estimated future cash flows derived from the financial asset(s) have been adversely impacted. The
impairment loss will be the difference between the current carrying amount and the present value of
the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the
impairment can be reviewed for possible reversal. The reversal will not cause the current carrying
amount to exceed the original carrying amount had the impairment not been recognised. The
impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instruments any contract that evidences a residual
interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are
initially measured at their transaction price after transaction costs. When this constitutes a financing
transaction, whereby the debt instrument is measured at the present value of the future receipts
discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
immaterial.
Trade payables are obligations to pay for goods and services that have been acquired in the
ordinary course of business from suppliers. Trade payables are classified as current liabilities if the
payment is due within one year. If not, they represent non-current liabilities. Trade payables are
initially recognised at their transaction price and subsequently are measured at amortised cost using
the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 12

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.8

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.


3.

Analysis of expenditure on charitable activities


Summary by fund type



Unrestricted funds
2024
Total
2024
        £
        £



Accountancy fees

600

600




Unrestricted funds
2023
Total
2023
        £
        £



Accountancy fees

600

600


Page 13

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.

Analysis of expenditure by activities



Support costs
2024
Total
funds
2024
        £
        £



Accountancy fees

600

600





Support costs
2023
Total
funds
2023
        £
        £



Accountancy fees

600

600




5.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL).


6.


Tangible fixed assets




Freehold property

£


Cost or valuation

At 1 October 2023
120,725


At 30 September 2024

120,725




Net book value


At 30 September 2024
120,725


At 30 September 2023
120,725

Page 14

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.



Creditors: Amounts falling due within one year


2024
2023
£
£


Other creditors
2,400
1,800

Accruals and deferred income
600
600

3,000
2,400


8.

Summary of funds


Summary of funds - current year

Balance at 1 October 2023
£
 
Expenditure
£
 
Balance at 30 September 2024
£
 
General funds

118,325

(600)

117,725
 


Summary of funds - prior year

Balance at
1 October 2022
£
 
Expenditure
£
 
Balance at
30 September 2023
£
 
General funds

118,925

(600)

118,325
 

Page 15

 
ADVAITA VEDANTA SADHANA

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Total
funds
2024
        £
        £


Tangible fixed assets

120,725

120,725

Creditors due within one year

(3,000)

(3,000)

Total 


117,725
117,725



Analysis of net assets between funds - prior period

Unrestricted funds
2023
Total
funds
2023
        £
        £


Tangible fixed assets

120,725

120,725

Creditors due within one year

(2,400)

(2,400)

Total 

118,325
118,325


10.


Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £NIL for the debts and liabilities contracted before he/she ceases to be a member.

Page 16