DEVOTIONAL ASSOCIATES OF YOGESHWAR
1) Advance education in the field of philosophy, sociology, culture and religion with specific emphasis on the vedas. 2) Advance Hindu religion through the promotion of vedic philosophy and culture. 3) Relieve poverty, sickness and effects of natural or other disasters. 4) Donate the net income of the trust properties or any part therefore to any charitable institution with any or the same or simi
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £6,883,836, which the trustees confirm is sufficient to cover management and administration costs. The charity reported a net income increase to £352,000 and holds significant cash reserves of £5,622,665, indicating strong liquidity and financial stability for the year ended 31 May 2025.
What the accounts disclose
“It is the policy of the charity to maintain an unrestricted fund; this is the free reserve of the charity. The fund is maintained at a level that provides sufficient funds to cover management and administration costs of the charity to meet annual grant applications.” — page 4
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Nikhil Chauhan
- Nilesh Vadher
- Virendra Kumar Mishra
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £771k | £419k |
| 31/05/2024 | £647k | £48k |
| 31/05/2023 | £521k | £35k |
| 31/05/2022 | £378k | £558k |
| 31/05/2021 | £569k | £18k |
Common questions
Is DEVOTIONAL ASSOCIATES OF YOGESHWAR financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £6,883,836, which the trustees confirm is sufficient to cover management and administration costs. The charity reported a net income increase to £352,000 and holds significant cash reserves of £5,622,665, indicating strong liquidity and financial stability for the year ended 31 May 2025. Its FY2025 accounts were audited by Affinia (Colchester).
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SUNDAR GAUMUKH FOUNDATION | 1 | £118k |
Charities like this
- SWAMINARAYAN MANDIR VASNA SANSTHA
- DIVINE YOUTH ASSOCIATION
- WELLINGBOROUGH DISTRICT HINDU ASSOCIATION
- LONDON INSTITUTE OF VEDIC EDUCATION
- THE HARI PRASAD SHASTRI CHARITABLE TRUST
- THE BRAHMIN SOCIETY NORTH LONDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| DEVOTIONAL ASSOCIATES OF YOGESHWAR | £771k | — | 0 | above | — | no doubt |
| SWAMINARAYAN MANDIR VASNA SANSTHA | £1.1m | — | 0 | above | — | no doubt |
| DIVINE YOUTH ASSOCIATION | £380k | — | 0 | above | — | no doubt |
| WELLINGBOROUGH DISTRICT HINDU ASSOCIATION | £268k | — | 0 | unclear | — | no doubt |
| LONDON INSTITUTE OF VEDIC EDUCATION | £847k | — | 0 | unclear | — | no doubt |
| THE HARI PRASAD SHASTRI CHARITABLE TRUST | £155k | — | 0 | unclear | — | no doubt |