REGISTERED COMPANY NUMBER: 13077230 (England and Wales)

REGISTERED CHARITY NUMBER: 1193276

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THE MEDITATION TRUST

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

10

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity shall be for the benefit of the public through the advancement of education by offering such courses of instruction to the public as will promote the mental and creative development of the individual through meditation and any purposes which are exclusively charitable according to English law.

Significant activities

We have continued to run in-person non-residential courses in Transcendental Meditation in London, Birmingham and Brighton. Canterbury courses were paused due to teacher re-location but are resuming with a different teacher in May 2026. One teachers relocation has added a North Wales course to the offerings for both non-residential and retreat courses.

We have continued to run in-person residential courses for new learners and advanced retreats for experienced meditators. The new Norfolk venue was discontinued due to the location being unpopular. In addition to the new venue close to London (Sept. 2024 after our retreat venue of 25 years closed down), one teachers relocation to North Wales has created another venue in Snowdonia National Park with a 3 night and bell tent option. This is a very different type of venue in a very different location and attracts a new audience.

Alongside these courses, we continue to offer free support and guidance for life to all those who have ever learnt with the Trust or subsequently joined us. This includes free online and in person meetings (meditation with Q&A) with a teacher and ability to call any one of our teachers whenever they need 1:1 support. From the start of this year we have been able to increase this offering with another of our teachers agreeing to weekly weekend online meetings in addition to the longer weekday meetings already in place.

These support meetings continuing to be online have proved to be a valuable addition to our portfolio of activities due to increased accessibility around the globe. Our online offering has also expanded to the general public with our free introductory talks with Q&A, which is also offered to specific groups with a specialist topic focus where requested.

Although we cannot teach the entire meditation course online, we have increased our flexibility for those who have particular difficulty attending the whole course in person to be able to only attend the first day in person and the remainer on line.

We have continued to offer bursaries for both non-residential and retreat courses, with the lowest priced rooms on retreat sold at cost price. This has ensured all courses and retreats have remained as financially accessible as possible despite increased venue hire costs. The number of bursary places offered on non-residential courses has continued to be a significant percentage of the total number of places booked.

Public benefit

The trustees confirm they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives, in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

13077230 (England and Wales)

Registered Charity number

1193276

Registered office

Tir Mab Cyan

Brithdir

Dolgellau

LL40 2RW

Trustees

Ms G Buttarazzi Director (resigned 23/12/2025)

P Hayward Sales & demonstration manager

J G Cole Photographer

C Garsed (appointed 4/6/2026)

Independent Examiner

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

Approved by order of the board of trustees on 12 June 2026 and signed on its behalf by:

P Hayward - Trustee

Independent examiner's report to the trustees of The Meditation Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mr P J Loveridge

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

12 June 2026

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,370

4,616

Charitable activities

Meditation Courses

142,998

166,108

Total

148,368

170,724

EXPENDITURE ON

Charitable activities

Meditation Courses

149,584

175,197

NET INCOME/(EXPENDITURE)

(1,216

)

(4,473

)

RECONCILIATION OF FUNDS

Total funds brought forward

4,343

8,816

TOTAL FUNDS CARRIED FORWARD

3,127

4,343

2026

2025

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

5

854

1,273

Cash at bank

7,857

35,087

8,711

36,360

CREDITORS

Amounts falling due within one year

6

(5,584

)

(32,017

)

NET CURRENT ASSETS

3,127

4,343

TOTAL ASSETS LESS CURRENT LIABILITIES

3,127

4,343

NET ASSETS

3,127

4,343

FUNDS

7

Unrestricted funds

3,127

4,343

TOTAL FUNDS

3,127

4,343

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 12 June 2026 and were signed on its behalf by:

P Hayward - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

3.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2026

2025

Administration

1

1

No employees received emoluments in excess of £60,000.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,616

Charitable activities

Meditation Courses

166,108

Total

170,724

EXPENDITURE ON

Charitable activities

Meditation Courses

175,197

NET INCOME/(EXPENDITURE)

(4,473

)

RECONCILIATION OF FUNDS

Total funds brought forward

8,816

TOTAL FUNDS CARRIED FORWARD

4,343

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

854

1,273

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Payments on account

4,090

23,122

Social security and other taxes

220

186

Other creditors

62

48

Accruals and deferred income

1,212

8,661

5,584

32,017

7.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/25

in funds

31/3/26

£

£

£

Unrestricted funds

General fund

4,343

(1,216

)

3,127

TOTAL FUNDS

4,343

(1,216

)

3,127

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

148,368

(149,584

)

(1,216

)

TOTAL FUNDS

148,368

(149,584

)

(1,216

)

Comparatives for movement in funds

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

8,816

(4,473

)

4,343

TOTAL FUNDS

8,816

(4,473

)

4,343

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

170,724

(175,197

)

(4,473

)

TOTAL FUNDS

170,724

(175,197

)

(4,473

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/4/24

in funds

31/3/26

£

£

£

Unrestricted funds

General fund

8,816

(5,689

)

3,127

TOTAL FUNDS

8,816

(5,689

)

3,127

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

319,092

(324,781

)

(5,689

)

TOTAL FUNDS

319,092

(324,781

)

(5,689

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital. Each of the members guarantees to pay to the company an amount of up to £1 if the company is wound up whilst they are a member or for up to 12 months after they have ceased to be a member.