Company Regrstered Number.. 08684425
Charrty Reglstratlon Number: 1154246
YMCA INDIAN STUDENT HOSTEL
(A Company Limlted by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarantee)
CONTENTS
Page
Referonce and Admlnistrative Detalls of the Charity. Its Trustees and Advisers
Trustees. Report
Statemènt of Tru$tegs' Responslbiliti9S
Independent AudStors' Report on the Financlal Statemonts
8-11
Consolldated Statement of Financlal Actlvltios
12
Consolldated 8alance Sheet
13
Charity Balance Sheot
14
Consolidated Statement of Cash Flows
15
Notes to Ihg Flnancial Statements
16-36

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guaranlgel
REFERENCE AND ADIIIINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
Trustees
Mr Pradeep Malhew Johns, Treasurer
Mr Richard Anthony Leonard Lees (resigned 5 November 20211
Mr Bertram Vedamoney Devadas
Justice Jacob Benjamin Koshy, ChaiM￿n
Mr Vincent George
Mr Jacob Kutty Koshy
Mr Paulson Kandanen Paulosg
Mr Mark Abraham (resigned 10 August 2021
Mf Benjamin James Halls
Company reglstered
number
08684425
Charty roglstered
numbor
1154246
Regl$tered office
41 Fitzroy Square
London
W1T6AQ
Company secretary
Eldo Nedumlhallil Varghe$e
Independent audltors
MHA Maclntyre Hudson
Statutory Audrtor
6th Floor
2 London Wall Pla
London, United Kingdom
EC2Y SAU
Page 1

YMCA INDIAN STUDENT HOSTEL
{A Company Llmlted by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Board of Trustees of the YMCA Indian Student Hostel I'ISH"), have pleasure in presenting their report
together with the audited group financial slalemenls of the incorporated Charity for the year ended 31 March
2022.
Princlpal Activities
The principal activity of ISH is the provision of hostel accommodation for students from all over the wortd coming
lo the United Kingdom lo pursue higher studies andlor advaneement of learning Ihroltgh training.
Constitution of ISH
In accordance with English Charity law and English Company law. the Trustees are ultimately responsible for the
good govemanee and supervision of ISH including supervision of ils staff and assets in accordance with its
charitable objects. Under the 1967 Declaration of Trust as amended by the 2012 Dged of Amendment, NCYI
(India} has the p¢)wer lo appoint and remove ISH'S charity trustees. including office holders, which it lends to
appoint for a 3-year lemi which may be extended al ils discretion subjeel to NCYI'S own Conslilulion.
The ISH'S charitable purpo$&s are to provide for the physical, inlelledual, spiritual rrtness. training, and well-
being of students and to provKle hostel accommodation for those purposes.
We hovo rglerfed to the guKlance in the Charity Commission's general guidance on Public Bgnefrt when
reviewing our aims and objedives and in planning Ouf future aclivilies. In particular, the Board of Trustees
onsiders how planned adivilies will contribute lo the aims and objectives they have set, which are described
bek)w. The Trustees ensure that these activities are carr¢ed out for the public benefit by delivering serVI￿S that
are valued by our users.
The Trusloes sel the strategic direction of the Charity and are responsible for upholding the Charity's values and
governance and delivery objectives. The executive is responsible for the day lo day running of the Charity under
delegated aulhorily.
The ISH has the power Its invest monies, not immedialety required for the furtherance of Its L)bl￿tiveS. in bank
deposits. investrnenls and securities as it thinks ff(, subject lo any slatulory Tequirements.
Organisational Structura
The ISH now carries out ils functions as an incorporated Charity and a Company limited by guarantee. All non-
charrtable aetivilies are accounted for in the ChariWs wholly - owned trading 8ubsidiary. Accounts shown in this
report are a consolidation of Charity & it's subsidiary adNitigs. The Trading subsidiary providad the means of
transferring the surplus to the Charity by a deed of gift.
Hostel Objectivos
The ISH'S principal objectwes are as follows..
The objects of the Charity are for the publi¢ benefit to promote the physical, intellectual and spiritual fitness.
training and wellbeing of students, in particular but not limited lo, students of Indian nalionalily, resident for the
lime being in the United Kingdom and for the advancement of Ihelr education by the provision of hostel or
residential accommodation thereof.
Page 2

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantse)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
To meet these objectives the ho$lol continue5 to provide hostel accommodation for students f¥om India and from
other countries. Vve organise annual sporting events where all students regardless of their gender and affinity lo
sports take part in various sporting events. (Badminton, Cricket, Tug of war etcl. Debates are organised between
various professionals on current affairs. Once a week a Spiritual fellowship is organised with the students.
Spiritual leaders fiom various denominations are invited to speak al the gatherings. Most Indian ￿ligIouS are
celebralecl with events and special meals like, Holi. Onam, Diwali & Christmas. In addition. Indian National
events like Independence & Republ￿ Day are also organised.
The hostel continues to be run by the Board of Trustees. The Trustees are appointed by the Nath'onal Council of
YMCAS of India al the triennial for a term of three years. Induction and training of new Trustees is being followed
as per Charity Commission's guidelines.
The Trustees eonfi'rm that they have complied with the duty in Section 4 of Ihg Charities Ad 20(E having due
regard lo the Charty Commi$sion's general guidance on public benefrt, 'Charitses and Public eenefil,.
Oui charges reflect the cosl of providing the services given. No one is excluded from the services of the Charity
on the grounds of race. creed. sex. or social and economic circumstances.
The structure of the Trustee's Annual Report allows us lo report on ea¢h of our strategic aims and our
achievements during the year wlh each objective.
Revlew of the Year
This year has been challenging especially from April 21 to August 21 with the ever-changing Government
regulations and restrictions. But unlike last year, we were better prepared this year and kept adapting and
¢hanging our strategy based on the current climate. As wth last year we had a good team in place.
We are thankful to the government for the support provided. (Furlough, business ralè holidays. CIBIL Loan elc.}
Achievemgnts and performance
London
Charity
With an average occupancy rale at 66.33Vts, our income came in al £1,378,563. This ￿flected a YOY increase in
income of 1740h which in in line with the U.K Govemmenl lifting restrictions in September 2021. Expenses al
£1,451,758 represented a YOY increase of 19.55%. In hindsight. expenditure for the previous financial year120-
211 wuld have been lower. Our operating profil for the year settled at £132.786. With depreciation though, we
incurred a Iosg of £107.032. Oveiall, this has been a decent performance, considering the first 6 months of our
financi81 year we were incurring losses and lo turn this around in the next 6 months lo generalg an operating
profil, speaks volumes of the strategies the management adopted lo the ever-changing situation.
Page 3

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2022
CIBIL Loan
We started repaying the Government B8cked CIBIL Loan of £250.000 in May 2021. As of March 2022. the
balance was £204,167.
The Charity spent the following amounts which was ¢apilali$ed'.
Air supply fan for the boiler room.. £816
Grundfos Magn3 Heating pump.. £2,276
Refurbishment of the roof.. £17,568
Dough Roller". £784
Tihing wel grinder.. £1.100
Window blinds.. £551
New Valliant Boiler for the Jubilee bk)ck.' £5,632
Water filter.. £3,379
2 Meraki WIFI Access Point.. £4,396
2 Samsung Fridge Freezer.. £758
I Commercial Polar Single Door Fridge.. £1,790.
LED Lights for the reslauranl.. £1,303
Reception Door Access Card Installation.. £5.238
Tradlng
Our trading occupancy sh(Med a deconl improvement al 40.530A. This wa$ a result of the impact of the
pandemic and reslriclions on International Travel. Our income al £609,574 incfeased by 21301¢. Most of this
additional income was generated during the laiter part of the financial year.
As the Trading subsidiary, had sufficient income for the year, a deciston was made to revert lo the standard
pe￿ent390 of 390/0 as 8 management charge. The lolal expense was £599,585. This left 8 Surplus of £9,989 for
the year.
Blrmlngham
Tho Birmingham property operates as a sludenl hostel in challenging circun7slances. Occupancy rates at 78.9%
increased by 27.90/0 despite the pandemic. Income al £127,643 increased by 600h. Expenses at £166,130, went
up by 150A. The majortty of this was due lo an 100°A increase in maintenance & repairs. For the first lime in
history, Birmingham made an operating profrt of £1,292. With depreciation though we incurred a loss of £38,488.
Page 4

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteel
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Con
olldated Flnanclal Revlew
The YMCA is reliant on incomg from accommodation, eatering and hall hire. The total income was £2,115,469
an increase of 129Vo ¢ompared to the previous year. Most of this increase was generated from the last 6 morsth
of the year. Expenses al £2,217,183 went up by 47°￿. Our operating profil hil £144.067. A decent performance
considering where we were in August 2021. Bul with depreciation though, we incurred a deficit of £135,531.
The Board have decided lo keep increase the rates by SUA across the board, in April 2021, rather than wail until
September to tackle the increase in costs and minimum wages.
When setting budgets. the hostel revigws annual accounts. periodic management accounts and cash flows in
order to ensure we mel our KPI'S. The KPI'S have been revised in line with Ihg pandemic.
We have been on a sleep leaming curve and continue to learn on how lo manage and mitigate the risk until we
c(Ime out of this situation.
The Board of Trustees monilar whether the level of income is suffiGient to meol our operational c051s and ensure
we continue lo adapt our strategic poliey lo meet this.
Future developments
The Plans for the Centenary Building al Bimiingham received clearance from the Ex@culive Committee and
Board of Trustees in March 22 and plans are now in full operation.
Reserves Pollcy
Our policy for reserves is not set in stone, and is constantly reviewed and adapted lo refiect our requirements.
We used our reseNes during the previous year durrng the pandemic. We only borrowed £250K through CIBIL
and could have paid it off with the reserves we had. Now we are in the process of building that back up. There is
no limit lo the amount of reserves we can hold, but ils kept & built for future uncertainties and investments.
Management Rlsk
The Charity and members have considered the major risks lo which the Charity is exposed and have reviewed
the risks and gstablished systems and procedL¢res lo manage and mitigatè these risks. The principal risks
included the risk of a fall in average occupancy of the hostels and the risk of increased costs.
Oceupancy- This continues lo be a major r¢sk. We are liaising vvilh various educational institutions &
related organisalions within the UK & inlernalionalty to market our facilf(ies and provide accommodation
rather than depend entirely on students arriving from India. Thi$ way we ensure our ¢xcupancy is kept at
11)e highest possible level.
Covid 19- We have undertaken a ¢omprehensive risk assessment of our facilities with the guidance &
advise of our Risk advisors'Gallaghers° and have adapted all our operations to ensure we are compliant
with Government regulations. This is also constantly being reviewed lo ensure we ale on lop of these
frequently changing guidelines.
Board of Trustees
The Board of Trustees met virtually twice to monitor Ihg porforn7ance of the Charity.
Day to day management of the hostel is delegated lo the General SecrelarylCEO. The setting of pay of the Key
Mana9emenl Personnel is managed by the Board of Trustees. following reviews of staff and with consideration
lo Chartty benchmarks. The CEO and the Board of Trustees comprise the Key Management Personnel of the
Charity.
Page 5

YMCA INDIAN STUDENT HOSTEL
IA Company Limitsd by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
Thlrd Party Indemnity Provislons
The Charity maintains a Trustees. Indemnty Insurance Poliey. which Covers the Trustees against certain liabilty
claims.
Disclosur8 of Information to Audltors
In so far as each and every committee member is aware..
there is no relevant audit information of which the auditors are unaware", and
each and every Committee member has taken all steps that they ought to have taken lo make themselves
aware of any rglevanl audit inforrnalion and lo establish that the auditor Is aware of that infomialion.
Auditors
MHA Maclntyre Hudson were appointed as auditors for the year ended 31 March 2022 and have indicated Ihoir
willingness to continue in office and offer themselves for re-appoinlmenl al the forthcoming Annual General
Meeting.
Small companies note
In preparing this report, the Trustees have taken advantage of the small companies gxemplions provided by
section 415A of the Companies Act 2006.
Approved
order of the Members of the Board of Trustees and sigrled on their behalf by..
Just
Chainnan
Dale.. cil- i 2..12
min
oshy
Page 6

YMCA INDIAN STUDENT HOSTEL
IA Company Llmltod by Guaranloo)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 fvIARCH 2022
The Trustees (who are also the Directors of the Charity lor the purpose8 of company lawl are responsible for
preparing the Trustees. Report and the financial slalemenls in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted A￿oUntIng Praclicel.
Company law requires the Trustees to prepare financial stslemenls for each financial year. Under company law,
th? Trustees musl not approve the financial stgtemenls unless they are $81isfied that they give a true and fair
view of the slate of affairs of the Group and the Charity and of their incoming resources and application of
resources. including their income and expendf(ure, for that period. In preparing these financial stslemenls, the
Trustees are required lo..
select suitable accounting policies and then appty them con$islenlly',
observe the methods and principles of the Charities SORP {FRS 102).,
make judgements and accounting estimates that are reasonable and prudent",
slate whether applicable UK Accounting Standards IFRS 1021 hove been followed, subject lo any material
departures disclosed and explained in the financial slatemenls..
prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume th* the
Group wll continue in business.
The Trustees are responsible ft)r kgeping adequate accounting records that are sufficient lo show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy at any timo the financial position
of the Group and the Charity and enable them lo ensure that the financial slalement5 comply with the
Companies Acl 2006. They 8re also responsible for safeguarding the assets of the Group and Ihg Charity and
hence for taking reasonable steps for the prevents.on and delectlon of fraud and other irregularities.
Approved
y order of the Members of the Board of Trustees and signed on ils behaw by..
Justl¢o
Chairman
Date.. (Yi ~/ 1 -12
acob Benjamln Koshy
Page 7

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
Qplnlon
We have audrted the financial slalemenls of YMCA Indian Student Hostel Ilhe 'parent charitable company) and
its subsidiaries (the 'group'l for the year ended 31 March 2022 which comprise the Consolidated Slalemenl of
Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of
Cash Flows and the related notes, including a summary of significant accounting policies. The finan¢ial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standard$. including Financial Reportin9 Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclieel.
In our opinion the financial statements..
give a true and fair view of the slate of the Group's and ol the parent charitable companys affairs as at 31
March 2022 and of the Group's incoming resources and application of resources. including ils income and
expenditure for the year then ended.,
have been properfy prepared in accordance with United Kingdom Generally A￿epted Accounting
Practice," and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charit￿$
Act2011.
Basls for opinion
We conducted our audf( in accordance wlh International Standards on Auditing IUKI {ISAs IUKII and applicable
L7w. Our responsibilities under those standards are further described in the Auditors, ￿SponSIbl1111eS for the audit
of the financial slalemenls section of our report. We are independent of the Group in accordance with the ethical
requ1￿mentS that are relevant lo our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Elhic81 Standard. and we have fulfilled our other ethical responsibilities in
aeeordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide 8 basi5 for our opinior*.
Concluslons relating to golng Goncern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is 8ppTopriale.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually OT colleclivety, may east significant doubl on the Group's or the parent charitable
company's ability to continue as a going concem lor a period of al least twelve months from when the financial
slalements are aulhorised for issue.
Our responsibilities and the responsibilities of the Tfuslees with respect to going concern are descfibed in the
relevant sections of this report.
Page 8

YMCA INDIAN STUDENT HOSTEL
IA Company Llmitsd by Guarantse}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
(CONTINUED}
Other information
The other information comprises the infomalion included in the Annual Report other than the ffnancial
slalements and our Auditors, Report Ihereon. The Trustees are responsible for the other infomialion contsined
within the Annual Report. Our opinion on the financial slalements does not cover the other information and,
except lo the extent otherwise explicitly slated in our feport, we do not express any form of assurance conclL*sion
thereon. Our responsibility is lo read the other infomation and, in doing so, consider whether the other
information is materially inconsislenl wf(h the financial 5talemenls or our knowledge obtsined in the course of the
audit, Of othen￿lse appears lo be materially misslaled. If we identify such material inconsistencies or apparent
male¥ial misstalemenls, we a￿ required lo detem?ine whether this give5 rise lo a material misslalemenl in the
financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrlbed by the compani￿ A¢t 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial slalemenls are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance wtth applicable legal requirements.
Matters on which we are required to roport by exceptlon
In the light of our kno￿edge and understanding of the charitable eompany and its environment obtained in the
course of the audit, we have not idenlilied material misslalements in the Trustees, Report.
We have nothing lo report in respect of the following matters in relation lo which Companies Act 2006 requires
us lo report lo you if, in our opinion..
the parent charitable company has not kept adequate and sufficient accounting records, or relums
adequate for our audit have not been received from branches not visited by u$,. or
the parent charitable company financial Slalemenls are not in agreement with the accounting records and
relums.. or
certain disclosures of Trustees. remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled lo prepare the financial slalements in accordance with the small companies
regime and lake advantage of the small companies, exemption5 in preparing the Trustees. Report and
from the requirement lo prepare a Strategic Report.
Responsibilitigs of Trustees
As explained more fulty in the Statement of Trustees, Responsibilities, the TrLtstees Iwho are also the Directors
of the charitsble company for the purposes of company lawl are responsible for the preparation of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such irilernal control as ltrie
Trustees determine is necessary to enable the preparation of financial slalemenls that are free from material
misstslement, whether due lo fraud or error.
Page 9

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by GuaTant?o}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
{CONTINUEDI
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability lo continue as a going concem, disclosing, as applicable, matters related to going
eoncern and using the going con¢em basis of accounting unless the Trustees either intend lo liquidate the Group
or the parent charitable company or lo cease operations, or have no realistic allernalive bul to do so.
Audltor6' responslbllltles for the audlt of thg financlal statements
Our objectives a¥e lo obtain reasonable assurance about whether the financial slalemenls as a whole are free
from material misslalement, whether due lo fraud or error, and to Issue an Auditors, Report that includes our
opinion. Reasonable assuran¢o is a high level of assurance. bul is not a guarantee that an audit conducted in
accordance wrth ISAS IUKI will always delecl a materi81 rnisslalemenl when it exists. Misslalemenls can arise
from fraud or error and are considered material if, indivtdually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial slalements.
Irregulartties, including fraud, are instances of non-￿mPliance with laws and regulations. We design pro¢edure8
in line with our respon5ibililies, outlined above, lo detect material misslalemenls in respect of irregularities,
including fraud. The extent lo which our procedu￿$ are capable gf dolecling irregularilY&s, including fraud is
detailed below..
Obtaining an understsnding of the legal and regulatory framewoths that the entty op$r3tes in, focusing on
those laws and regulations that had a direct effect on the financial statements,"
Enquiry of management and those charged Yrfilh governance to identfy any instances of known or suspected
instances of fraud.,
Enquiry of management and those charged with governance around actual and potsnlial litigation and
claims,.
Enquiry of management aboLrt any instances of non•complian¢$ with laws and regulation5,'
Reviewng the Control systems in pla¢0 and testing the effediveness of the controls.,
Performing audit work over the risk of management override of controls, including testing of jOLtrnal entries
and other adjuslmenls for appropriateness..
Evaluating the business rationale of significant transactions outside the noimal coui$g of busine5S',
Reviewing accounting estimates for bias,.
Challenging assumptions and judgemerts mado by management and Trustees on significant accounting
estimalos.,
Reviewing minutes of meetings of those charged with governanee., and
Reviewing financial statement disclosures and lesling lo supporting documonlalion to assess compliance
th applicable law5 and regulations.
Because of the inherenl limitations of an audit. there is a risk that we will not delect all irregularities, including
Ih05e leading lo a material misslalemenl in the financ¢al statements or n¢nvcomp1ian￿ with regulation. This risk
increases the more that compliance with a law or regulation is Temoved from the events and transactions
reflected in the financial slalemenls, as we will be less likely lo become aware of instances of non-compliance.
The Tisk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities fof the audit of the financial slalemenls is focated on the Financial
Reporting Coun¢il's website at.. www.frc.o
.uklauditorsres
on
Auditors, Report.
ities. This description ft)rms part of our
Page 10

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteo)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
Use of our report
This report is made solety lo the charitable company's Members, as a body, in accordance with Chapter 3 of Part
16 of tho Companies Act 2006, and lo the charrtable companls Trustees, as a body, Part 4 of the Charlties
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might sl*e lo the
charitable company's Membeis those matters we are required lo slate lo them in an Auditors. Report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charitable company and its Members, as a body. for our audbt work, for this report, or for the opinions
we have fomied.
Stuart McKay 8Sc FCA DChA ISenloT Stathtory Audltorl
for and on behalf of
MHA Maclntyre Hudson
Stalulory Auditor
London. United Kingdom
Dale.. 2211212022
Page 11

YMCA INDIAN STUDENT HOSTEL
(A Company Llmlted by Guarantee}
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted
funds
2022
Total
funds
2022
Tot81
funds
2021
Note
Income from:
Donations and grants
Ch8ritsble activrties
Other trading aclivilie$'.
Fundraising
Trading activities
Investments
112,953
762,593
112.953
762,593
111.779
498,290
9.167
737,120
9.167
T37,120
36
1.624
274,338
7, T53
Total income
1,621,869
1.621,869
893, 784
Expenditure on:
Trading operations
Charitable activities
139.512
1.621,293
139,512
1.621.293
104, 781
1.419,317
10
Total expendlture
1,760.805
1.760,805
1,524,098
Net movement in funds
{138,936)
1138.9361
(630.314)
RKon¢llSation of ￿nds.
Total fund5 brought fofward
Net movement in funds
4,044.465
1138,9361
4.044,465
(138,936)
4,674, 779
(630,314)
Total funds cairled for•vard
3,905,529
3.905,529
4,044,465
The Consolidated Statement of Financial Activities includes all gains and lossos recognised in the year.
The notes on pages 16 10 36 fomi part of these financial stalemenls.
Page 12

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarantee)
REGISTERED NUMBER: 08684425
CONSOUDATED BALANCE SHEET
AS AT 31 MARCH 2022
2022
2022
2021
2021
Note
Fixed assets
Tangible assets
15
3.449.845
3, 658, 105
3,449,845
3,658, 105
Current assets
Stocks
Debtors-. Amounts falling due within one year
Cash at bank and hand
4,062
125,376
908,640
4.551
64,307
793, 776
17
23
1.038,078
862.634
Creditors- Amounts falling due within one
year
18
{428,227)
(272, 107)
Net current assets
809,851
590.527
Totsl assets less current liabilities
4.059.696
4,248,632
Credrtors.. Amounts falling du& after more
than one year
19
1154,1671
(204. 167)
Total net assets
3,905.529
4,044,465
Group funds
Unreslricled funds
20
3.905.529
4.044,465
Total funds
3,905,529
4,044,465
The Trustees acknowledge their responsibilities for complying wlh the requirements of the Companies Act 2006
with respect lo aceounling record8 and preparation of financial statements.
The financial slalemenls have been prepared in accordance with the provisions 8pplicable to enlilies subject lo
the small companies regime.
The financi81 slalements were approved and aulhorised for issue by the TNstees and signod on their behaw by..
Ju$ti¢g'Jacob'è'enlamin'koshy
Chairman
Dale.. 02-12-2022
The notes on pages 16 10 36 fom part of these financial slalomonls.
Mr Pradeep Mathew Johns
Treasurer
Page 13

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee}
REGISTERED NUMBER.. 08684425
CHARITY BALANCE SHEET
AS AT 31 MARCH 2022
2022
2022
2021
2021
Note
Fixed assets
Tangible assets
Investments
15
16
3.449,845
3,658, 105
3.449.846
3,658, 106
Current assets
Stocks
Debtors.. Amounts falling due within one year
Cash at bank and in hand
4.062
822.109
131.041
4,551
199, 654
618,034
17
957,212
822,239
(231,713)
Creditors.. Amounts falling duo within one year
18
1347.3621
Net current assets
609,850
590,526
Total assets less current liabilit5es
4,059.696
4,248,632
Credilors.. Amounts falling due after more
than one year
19
1154,1671
{204, 167)
Total net assets
3.905.529
4,044,465
Charlty funds
Unrestricted funds
20
3,905,529
4,044.465
Total funds
3.905.529
4,044,465
Tho Charit￿5 net movement in funds lor the year was £{138,9361 (2021- £1630,314)J.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respgct lo accounting records and preparats'on of financial slalemenls.
The financial slalemenls have been prepared in accordance with the provisions applicable to enlilies subject lo
the Small companies regime.
The financial ststements were approved and aulhorised for issue by the Trustees and signed on thei¥ behaw by..
Justice Jacob Benjamln Koshy
Chairman
Mr Pradeep Mathew Johns
Treasurer
Date.. 02-12-2022
The notes on pages 16 10 38 form part of Ihesg financial slalements.
Page 14

YMCA INDIAN STUDENT HOSTEL
IA Company Limlted by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Cash flows from operating activltles
Nel cash used in operating activrties
22
186,168
(273,371)
Cash flows from Snvesting activities
Interest income
Purchase of tangible fixed assets
7, 753
(94,306)
15
171.3401
Ngt cash used In Inv8sting actlvltlos
171,3041
186,5531
Change in cash and cash equlvalents in thg year
Cosh and ¢ash equivalents at the beginning of the year
114,864
1359,924}
1, 153,700
793.776
Cash and cash equivalents at the end of the yèar
23
908,640
793. 776
The notes on pages 16 10 36 fomi part of these financial statements
Page 15

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Goneral Information
YMCA Indian Student Hostel is a charitabEe company limited by guarantee and 1$ registered with the
Registrar of Companies (Company Registered Number.. 08684425) and the Charity Commission (Charity
Registered Numbe¥". 11542461 in England and Wale$.
In the event of the Group being wound up, Ihg liability in respect of the guarantee is limi(ed 10 £1 per
member of the Group.
The address of the registered office is gwen in the Group infomation on page 1 of these finanaal
slatemenls.
The Charity operations and principal activities are the provision of hostel accommodation and the
adVan￿rnent of leaming through training.
Accounting policios
2.1 Ba$is of preparatlon of financlal statgments
The financial statement$ have been prepared in acwrdance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities
preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 10213nd the Companies Aet 20C6.
YMCA Indian Student Hostel meets the definition of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised al hislorieal cost or transaction value unless otherwise
staled in the relevant accounting policy.The financial slalemenls are prepared in sterfing which is the
functional and pre5enlalional currency of the Group and are rounded lo the nearest pound.
The Consolidated Slalemenl of Financial Activities (SOFA) and Consolidated Balan￿ Sheet
onsolidate the financial statements of the Charity and its Subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented ils own Slalemenl of Financial Activities in these financial slalemenls.
2.2 Going Concern
The Trustees have assessed the use of going concem and have Considered possible events or
conditions that might Cast significant doubl on the ability of the Group lo continue as a going concern
including the ongoing impact of COVID-19. The TTuslees have made this assessment for 8 period of
al least one year from the dale of the approval of these financial slalements. The Tnjstees have
conclLJded that there is a reasonable expectation that the Group has adequate resources lo continue
in operational existence for the foreseeable future. Th8 Group therefore continues lo adopt the going
concern basis in preparing these financial slalements, and is not aware of any material uncertainties
over ils ability lo continue as a going concern.
The Trustees are not aware of any post balance sheet events which would have a material impact on
these financial slalomenls.
Page 16

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by GuarantO9)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting poli¢les Icontlnued)
2.3 Incomg
All income is recognised once the Charity has enif(lemenl lo the income, il is probable that the
income will be received and the amount ol income reeeivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the dale on which either.. the chafty is aware that
probate has been granted, tho eslale has been finalised and nolificalion has been mode by the
execulorlsl to the Trust that a distribution will be made, or when a distribution is rewived from the
eslale. Receipt of a legacy. in whole or part, is only considered probable when the amount Can be
measured reliably and the charity has been notified of the execulorfs intention to make a dislribulion.
Where legacies have been notified lo the charity, or the charity is aware of the granting of probate,
and the criteria foT income recogn4tion have not been met. then the legacy is treated as a contingent
asset and disclo$gd if material.
Grants are included in the Consolidated Slalemenl of Financial Activities on a recewable basis. Thg
balance of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Balance Sheet. Where income is receNed in advance of erltrtlemenl of ￿Ceipt,
ils recognition is deferred and included in creditors as deferred income. Where enlillement occurs
before income is received, the income is accrued.
Gifts in kind donated for distribution are included al valuation and recognised as income when thoy
are distributed to the projeds. Gifts donated for resale a￿ included as income when they are sold.
Donated facilities are included al the value lo the charity where this can be quantrfied and a third
party is bearing the cost. No amounts are included in the financial slalemenls for services donated by
volunteers.
Donated services or lacililies are recognised when the charity has Control over the il&m, any
eondilions associated wrth the donated item have been met, the retsipt of economic benefit from the
use of the charity of the item is Probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP {FRS 1021. the general volunteer lime of the Friends is not
recognised and refer lo the Trustees, report for more information about their eonlribulion.
On receipt, donated professional services and donated facilities aro rscognised on the basis of the
value of the gift to the charity which is the amount the charilywould have been willing lo pay to obtain
servi￿8 or facilities of equivalent economic benefit on the open market," a corTesponding amount 1$
then recognised in expenditure in the pertod of receipt.
Income lax recoverable relation to investment income 15 recognised at the time the investment
income is receivable.
Rendorlng of servlces
Revenue from a contract to provide services is recognised in the peri¢>J in which the sewices are
PTovided in accordance with the stage of completion of the contract when all of the following
conditions are satisf*d..
the amount of revenue can be measured reliably..
il is probable that the Company will ￿Ceive the eonsideralion due under the conlracl.,
the stage of completion of the contract at the end of the reporting period can be measured
liably., and
the costs incur¥ed and the costs to complete the contract can be measured relrably.
Page 17

YMCA INDIAN STUDENT HOSTEL
{A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accountlng policies {continued}
2.4 Expendlturg
Expenditure 15 recognised once there is a legal or conslruclive obligation lo Ifansfer economic benefit
lo a third paty, rt is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made ¥Jp of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated dirgcIIy
lo that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned befvleen those 8Ctivilies on a basis cr)nsislent with
the use of resources. Central staff costs are althaled on the basis of lime spent, and depreeialion
chargos allocated on the portion of the asset's use.
Expendi(ure on raising funds includes all expenditure incurred by the Group lo raise funds for its
charitable purposgs and includes costs of all fundraising aclNilies events and non-charrtable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Govornment grants
Govemment grants relating to tangible fixed assets are treated as deferred income and released to
the Consolidated Slalement of Financial Activities over the expected useful lives of the assets
concerned. Olher grants are erediled to the Consolidated Slalemenl of Financial Activities as the
olaled expenditure is incurred.
2.6 Interest receivablg
Interest on funds held on deposit is included when receivable and the amount can be moasured
reliably by the Group., this is nomially upon noltficalion of the inler¢sl paid or payable by the institution
with whom the funds are deposited.
2.7 Tangible fixed assets and deprgciatlon
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benerrts are probable and the cost or value of the as$el can be measured reliably.
Tangible r￿ed 8ssels are initially recognised al Cost. After T￿ognition, under the cost modd, tangible
fixed assets are measured al cost less accurnulaled depreciation and any accumulated impaimenl
losses. All costs incurred to bving a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Page 18

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting pollcles (continued
2.7 Tanglble flxed assets and depreclatlon {continuedl
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over Ih&ir estimated useful lives, using the slraighl-line method.
Deprtcialion is provided on the following base5'.
Freehold property
Freehold land
Plant and machinery
Fixtures and ffttings
2Q/o Straight line
Not depreciated
200/0 Straight line
200A Slfaight lino
2￿ Investments
Fixed asset investments are a foim of financial instrument and are initially reeognised al their
Iransaction cost and subsequently measured al fair value al the Balance Sheet dale, unless the value
cannot be measured ￿liablY in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and prosented as 'GainsllLosses) on
investments. in the Consolidated Statement of Financial Activrties.
Investments in subsidiaries are valueil at cost less provision for impaiment.
2.9 Stocks
Stocks are valued al the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportton of fixeLI
and variable overheads.
2.10 Debtors
Trade and other debtors are recognised at the settloment amount after any trade diswunl offered.
Prepayments are valued at the amount prepaid nel of any trade discounts dye.
2.11 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lerm highty liquid investments with a short maturty
of th￿e mnlhs or less from the date of acquisition or opening of the deposit or similar account.
Page 19

YMCA INDIAN STUOENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies {continued}
2.12 Llablllties and provlslons
Liabilities are recognised when Ihore is an obligation at the Balance Sheet date as a resur( 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.
Liabilrties are recognised at the amount that the Charty antiapales il will pay lo settle the debt or the
amount il has received as advanced payments for the good$ or seNices il musl provide.
Provisions arg measured at the best estimate ol the amounts required to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the prosenl value of those
amounts. discounted al the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recogni5ed in the consol￿ated Slalemenl of Financtal AdNilies as a
finanee cost.
2.13 Financlal Instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are inf(ially recognised al Ir8n5action value and subsequently
measured al their settlement value with the exception of bank loans which are sub5equentty
measured at amortised cost using the effoclive interest meth¢)d.
2.14 Pensions
The Group operates a defined contribution pension scheme and the pension charg& represents the
amounts payable by the Group lo the fund in ￿SpeCt of the year.
2.15 Fund accounting
General ftjnds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which havg not been designated for other
purposes.
Deswnaled funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes lo the financial
slalements. Surpluses on designated funds on proiecl$ are funded from unreslricled funds.
Reslricled funds are fund5 which are to be used in accordance wlh specrfic reslriclions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is set out in the notes lo the financial slatemenls.
Investment income. gains and losses are allocated lo the appropriat8 fund.
2.16 Prlor year restatements
During the year the Trustees re8sses8ed the classification of the Coronavirus Job Retention Scheme
funding received in the year ended 31 March 2021. They concluded that il better represents
unreslricled income from Donations and Grants and as such il has been reclassified accordingly.. see
Note 4. The decision to restate this prior year comparative h85 not had an impact on the resL¢It for the
year ended 31 March 2021.
Page 20

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Critlcal accountlng estimates and areas of Judgement
Estimates and judgements are eonlinually evaluated and a￿ based on historical experience and other
factors, including expectation5 of ftjlure events that are belreved to be reasonable under the
circumstances.
Critical accounting estimates and 8ssumpltons'.
The Charity makes estimates and assumptions eonceming the future. The resulting accounting estimates
and assumptions Mll, by definition, seldom equal the rolaled actual results. The estimates and
assumptions that 17ave a significant risk of causing a material adjuslmerbt lo the carrying amounts of
assets and liabilities within the next financial ￿ar a￿ discussed below.
Depreciation rale$ for tangible r￿ed asset$
Income from donatlons and grants
Unrestrfcted
funds
2022
Total
fund$
2022
Donation5
Grants
1,400
111,553
1,400
111,553
112,953
112,9S3
Included wlhin Grants above are Government grants of £111,553 (2021 £111, 749}. Of these total
Government grants, £87,553 (2021 £117, 749) related lo the Coronavirus Job Retention Scheme and
£24,000 (2021- £NIL) related lo Camden Council. There were no unfulfilled conditions attached lo these
Government grants as al the either year end.
Un￿stricted
funds
2021
Total
lunds
2021
Donations
Grants
30
111.749
30
111,749
111,779
111,779
Page 21

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Fundraising income
Unrestricted
funds
2022
Total
funds
2022
Other fundraising income
9,167
,187
Un￿stnCted
funds
2021
Total
funds
2021
Other fundraising income
1.624
1.624
Trading activluos
YMCA Indian Student Hostel has a wholty owned trading subsidiary, YMCA ISH Tiading Lim((ed.
Company number 08818308 which is incorporated in England and Wales, and operates the trading
activities of the Charity. The registered office of the trading subsidiary is the same as that of the parent
Charity. A summary of the trading resu￿5 is shown below. Audited accounts for YMCA ISH Trading
Limited will be filed with the Registrar of Companies.
2022
2021
YMCA ISH Tradlng Limitad
Turnover
Cost of sale$
737,120
274,338
1586,3271 (149,942)
Gross profil
Administrative costs
150,793
124,396
1139,5121 (104, 781)
Profrt on ordinary activities
Distribution - donation to parent company
11,281
111.2811
19,615
(19.615)
Retalned in tho subsldiary
The eonsolidaled Slalement of Financial Actiwties ineludes the results of the subsidiary and those of the
parent Charity. The unconsolidated surplus of YMCA ISH Trading Limited for the year ended 31 March
2022 was £11.281 (2021- £19,615).
Page 22

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarant￿)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Investfflent income
Unrestricted
funds
2022
Total
fund5
2022
Interest income
36
36
Unrestrictsd
funds
2021
Total
funds
2021
Interest income
7, 753
7, 753
Page 23

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarantgel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Incomo from charltable actlvlties
Unrestrlcted
funds
2022
Total
funds
2022
R¢xJm rent
Meals
Membership fees
Inlemel income
750,615
3,560
5.585
2.833
750,815
3,560
5.585
2.833
762,593
762.593
UnTr$tncted
funds
2021
Total
funds
2021
Room rent
Meals
Membership fees
Inlemel income
489,829
2.667
3,870
1,924
489,829
2.667
3,8TO
1,924
498,290
498,290
Page 24

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Expendi￿re on raising fund$
Unrestricted
funds
2022
Total
funds
2022
Expendilufe on trading operations
139,512
139,512
UnTrstri¢ted
funds
2021
Total
funds
2021
Expenditure on trading operalK)ns
104. 781
104,781
Page 25

YMCA INDIAN STUDENT HOSTEL
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10. Analysis of expenditure on ¢haritable activltles - by fund
Unreytricted
funds
2022
Total
funds
2022
Room rent
Meals
Support co818
980,732
492,681
147,880
980,732
492,681
147.8BO
1,621,293
1,621,293
Unresln¢led
lunds
2021
Total
funds
2021
Room rent
Meals
Support costs
1,026,283
292,306
100, 728
1,026,283
292,306
100. f28
1,419,317
1,419,317
Page 26

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
11. Analysis of expenditure on charitable a¢tivitig$ - by type
ActivitiOS
undertaken
dlrectly
2022
Support
c¢)sts
2022
Total
funds
2022
Room rent
Meals
Support costs
980,732
492.681
980,732
492,681
147,880
147.880
7,473,413
147,880
1.621,293
Aclivilies
undertakgn
directly
2021
Support
costs
2021
Total
funds
2021
Room rent
Meals
Support costs
7.026,283
292,306
1,026,283
292.306
100. T28
100, 728
1.318,589
100, 728
1,479,317
Analysis of support costs
Totsl
funds
2022
To181
funds
2021
Staff costs
42,472
36.348
15.719
53,341
12, 104
36,290
tl,042
41,292
Doprgcialion
Govemance costs
Others
147,880
S(￿, 728
Page 27

YMCA INDIAN STUDENT HOSTEL
IA Company Lirnited by Guarantee)
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
12. GovOTnanco Costs
2022
2021
Auditors, remuneration - Audit of the financial slatemer*ts {charity only)
Auditors. remuneration - Accounts prepa￿tIOn Icharily only)
Trustees expenses
8,500
2.750
4.469
10,850
192
15,719
11.042
The audit fee of the subsidiary company of £4,000 (2027 £4,650J, the accounts preparation fee of
£1.250 (2021 £NIL} and other services of £1,500 (2021- £NIL) are included in the adminislralwe costs
of YMCA ISH Trading Limited lolalling £139,106 (2021- £104, 781) (Note 6}.
13. Staff costs
Group
2022
Group
2021
Charty
2022
Charity
2021
Wages and salaries
Social securty costs
Pension costs
669,660
56,441
18.342
631,810
49,597
20,045
630,801
54,741
17,872
596,248
48,258
19,395
744.443
fol,452
703.414
663,901
The aveT8ge number of persons employed by the Charty during the year was as follows-.
Group
2022
Group
2021
Charlty
2022
No.
Charity
2021
No.
Direct charitable
Management and adminislralion
23
28
io
20
28
10
30
38
27
38
No employeè received remuneration amounting lo more than £60,000 in either year.
Key Management Personnel S￿ considered to be the Trustee5 and the General Secretaries. The lolal
remuneration for Key Management Personnel was £63.521 (2021- £21.897).
Page 28

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14. Trustees, remuneration and expensos
Durtng the year, no Trustees received any remunerolion or other benefits (2021- £NIL).
During the year ended 31 March 2022, travel expenses totalling £4,469 were Teimbursed or paid directly
to 3 Trustees {2021- £192 10 2 Trustees).
15. Tanglble tlxed assets
Group and Charlty
Freehold
propety
Plant and Flxture5 and
machinery
rittings
Total
Cost or valuatlon
Al 1 April 2021
Additions
4,644,998
1,637,901
71.340
267,653
6.550.552
71,340
Al 31 March 2022
4.644,998
1,709.241
267,653
6,621,892
Depreclation
At 1 April 2021
Charge for the year
1.361.354
92,716
1.283.179
178,420
247.914
8,464
2,892,447
279,600
Al 31 March 2022
1,454,070
1.461,599
256.378
3.172,047
Net book value
Al 31 Mar¢h 2022
3.190,928
247,642
11,275
3.449,845
Al 31 March 202t
3,283,644
354.722
19,739
3,658, 105
Page 29

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarante91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
16. Flxed asset Investmonts
Investments
in
subsidiary
companies
Charlty
Market Value
Al 1 April 2021
At 31 March 2022
The company has one share in ils subsidiary company, YMCA ISH Trading Limited. YMCA ISH Trading
Lim((ed carries out the non-charitable activities of the group. Details of YMCA ISH Trading Limited are in
Note 27.
17. Debtors
Group
2022
Group
2021
Charlty
2022
Charity
2021
Due within ong yoar
Trade debtors
Amounts owed by group undertakings
Olher debtors
Prepoymenls and accrued income
24,501
11,683
721.285
5,758
95,066
138,571
6,258
94,617
52, 824
61,083
125,376
64,307
822.109
199, 654
Page 30

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
18. Creditors: Amounts falllng due wlthln ono year
Group
2022
Group
2021
Charlty
2022
Chaiity
2021
Bank ovgrdrafts
Bank loans
Trade creditors
Other laxalion and social se¢urty
other creditors
Accruals and deferred income
3,449
50,000
190.100
11.780
22.062
150,836
4,044
45,833
120, 142
t2. 744
8.211
81, 133
3,449
50,000
167,401
11,780
20.081
94,651
4.Q44
45,833
90.069
12, 744
7,877
71, 146
428,227
272, 107
347,362
231, T13
Group
2022
Group
2021
Charlty
2022
Charity
2021
Deferred income at 1 April 2021
Resourees deferred during the year
Amounts released from previous per+ods
31,225
99.191
131.225)
31,225
$4,331
{31.2251
31,225
31,225
99,191
31,225
S4,331
31.225
19. Credltors: Amounts falling due after more than one year
Group
2022
Gmup
2021
Charity
2022
Charity
2021
Bank loans
154,167
204, 167
154.167
204, 167
Page 31

YMCA INDIAN STUDENT HOSTEL
IA Company Limitod by Guarant&o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
20. Statement of funds
statemant of funds- current year
Balance at
31 March
2022
Balance at 1
Aprll 2021
Transfers
Inlout
Income Expendlture
Unrestrlcted funds
Designated funds
Designated Fund-
Maintenance fund
1.000,000
(1.000,0001
Goneral fund$
General Fund
3,044,465
1.621.869 11,760,805} 1,000,000
3,905,529
Total Unrestrictod fund$
4.044,465
1,621,869 11.760,80SI
3,905,529
A designated ftjnd of £1,000,000 has been set aside by the Trustees for the long tem maintenance
requirements of the hostel. Signrficanl maintenance work was car¥ied out during the periods of Covid-
related lock-down and was funded from the unreslricled general fund. As such. the Trustees have
decided that the designated maintenance fund is no longer necessary and have thus Iransfered the
balance lo Ihg unre$lri¢ted yeneral fund.
Page 32

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
20. Statement of funds Icontlnuedl
Statement of funds- prior year
Balance al
3t March
2021
Balanc8 at
1 Apnl 2020
Income E%p@nditure
Unrestricted funds
Deslgnat9d funds
Designated Fund- Maintenance fund
I,ooo,ooo
I,(￿.000
Genoral funds
General Fund
3,674, 779
893, 784 11.524,098) 3,044.465
Totsl Unrgstricted funds
4,674, 779
893. 784 (1,524,098) 4,044,465
21. Analysis of net assets betwogn funds
Analy$i$ of net a$$et$ between funds- current year
Unrestflcted
funds
2022
Total
funds
2022
Tangible fixed assets
CLtTrenl assets
C￿dI10r$ due wrthin one year
Credrf(ors due in more than one year
3,449,845
3,449.845
1,038,078
1,038.078
1428,2271 1428,2271
1154,167}
1154.1671
Totsl
3,905,529
3,905.529
Page 33

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by GuarantO81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
21. Analysls of net assets boiweèn funds Icontinuedl
Analysis of net assets between funds- prlor yoar
Unrestricled
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
Credrtors due wrthin one year
Credrtors due in more than one year
3,658, 105
862,634
(2T2, 107)
(204, 167)
3,658, t05
862.634
(272. IOTJ
(204, 167J
Total
4,044,465
4,044,465
22. Reconciliation of not movement In funds to net Cash flow from operatlng activltlès
Group
2022
Group
2021
Nel expenditure for the year las per St81emenl of Financial
Aclivitiesl
{138,9361 {630,314J
Adjustments for:
Depreciation charges
Dividends. interests and rents from investments
Decrease in 8lock8
Ilncrease}Idecrease in debtors
Increase in creditors
15
279.600
1361
279. t48
(7, 753)
6,574
7,288
71,686
17
19,18
161.0691
106.120
Net cash provlded byl(used inl operatlng actlvitles
186.166
(273,371)
23. Anaty$l$ of cash and cash equlvalents
Group
2022
Group
2021
Cash in hand
908,640
793, 776
Total cash and cash fjquivalgnts
908,640
793, 776
Pag$ 34

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarant¥e}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
24. Analysls of changes in ngt debt
At 1 Aprfl
2021 Cash flows
At 31 March
2022
Cash al bank and in hand
Bank overdrafts repayable on demand
Debt due ￿thIn 1 year
Debt due after 1 year
793,776
14,0441
(45,833)
1204.167}
114,864
595
14,167}
50.000
908,640
{3.449)
{50.000}
1154,1671
539.732
161,292
701,024
25. Penslon commltments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Charity in an independently administered fund. The pension cost charge
represents contributions payable by the Charity to the fund and arnounled lo £18,342 (2021 £20,045J.
Conlribul¢ons totslling £NIL (2021- £NILJ were payable to the fund al the year end.
26. Relatod party transactlons
There were no related paty transactions in either year. other the Key Management Personnel
remuneration. as detailed in Note 13.
Page 35

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Prlnclpal sub$ldlarles
The following was a subsidiary undertaking of the Charity..
Name
Company
number
Registered office or principal Holdlng
place of business
YMCA ISH Trading Limited
08818308
41 Fitzroy Square, London, W1T
6AQ
1000
The financial results of the subsidiary for the year were..
Name
Income
Expendlture
ProfiUILos$)
I Surplusl
ID&ficitl for
the year
Net assets
YMCA ISH TTading Limited
737,120
1725,839)
11,281
Pag& 36