Company Registered Number: 08684425
Charity Registration Number- 1154246
YMCA INDIAN STUDENT HOSTEL
(A Company Limlted by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
CONTENTS
Page
Refergnco and Admlnistrative Details of the Charity, its Trustees and Advlsers
Tru$tges' Report
Statement of Trustees, Responslbilitlgs
Independent Auditors. Report on the Financlal Ststements
8-11
Consolidated Ststoment of Flnanclal A¢￿vItIeS
12
Consolldated Balance Sheet
13
Charity Balance Sheet
14
Consolldated Statement of Cash Flows
15
Notes to the Financial Statements
16-35

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Mr Pradeep Malhew Johns, T￿aSurer Iresigned 85 Treasurer 13 Mareh 2022}
(resigned 31 March 20231
Mr Bertram Vedamoney Devadas
Justice Jacob Benjarnin Koshy, Chairman (resigned as Chairman 31 Mar¢h 20231
Mr Vincent George, Chairman (appointed as Chairman 01 April 20231
Mr Jacob Kutty Koshy {resigned 31 March 20231
Mr Paulson Kandanen Paulose (resigned 31 March 20231
Mr Benjamin James Halls Iresigned 1 August 20221
Mr Noel Amanna (appointed 1 April 20231
Mr Manickam P.E. Asirnvatham lappoinled l April 20231
Mr Akil George Eapen, Treasurer lappoinled as Treasurer 1 September 20221
Mr Suvi Kuruvilla
Company registered
number
08684425
Charlty reglstered
number
1154246
Registered office
41 Fitzroy Square
London
W1T6AQ
Cornpany secretary
Eldo N Var9hese
Independent audltoys
MHA
Stslulory Auditor
6th Floor
2 London Wall Place
London, United Kingdom
EC2Y SAU
Page 1

YMCA INDIAN STUDENT HOSTEL
IA Company Limitod by Guarantoel
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The B¢)ard of Trustees of the YMCA Indian Student Hostel I"ISH I, have pleasure in p￿SentIng their report
together wrth the audrted group financial slalemenls of the incorporated Charity for the year ended 31 March
2023.
Principal Actlvltles
The principal activity of ISH is the provision of hostel accommrxlation for students from all over the wodd coming
to the United Kingdom to pursue higher studies andlor advancement of leaming through training.
Constltutlon of ISH
In accordance wrth English Charbty law and English Company law, the Trustees are ultimately iespon$ible for the
900d governance and supervision of ISH including supervision of its staff and assets in accordance wfth ts
charitable objects. Under the 1967 Declaration of Trust as amended by the 2012 Deecs of Amendment. NCYI
Ilndial has the poyyer lo appoint and remove ISH'S charty trustees, including office holders, which il lends to
appoint for a 3-year term which may be extended al its discretion subject lo NCYI'S own Conslilution.
The ISH'S charitable purposes are lo provide for the physical, intellectual, spiritual fitness, training, and well-
being of students and to provide hostel a¢commodation for those purposes.
We have ieferred lo the guidance in the Charty Commission's general guidance on Public Benefit when
reviewing our aims and objectives and in planning our future aclNilies. In particular, the Board of Trustees
considers how planned activities wll contribute lo the aims and objectives they have sel, which are described
below. The Trustees ensure that these activities a￿ carried out for the publK benefit by delivering 5ervice5 that
are valued by our users.
The Trustees sel the 51ralegic direction of the Charity and are responsible for upholding the Charty's values and
governance and delivery objectives. The executive is responsible for the day lo day running of the Charity under
delegated authority.
The ISH ha5 the power lo invest monies. not immediately required for the furtherance of ils obje¢tives, in bank
deposits. investments and securities as il thinks fit, subject lo any slalulory requirements. The investments
currently held weTe acquired in accordance with these powers.
Organisational Structure
The ISH now carries out ils functions as an incofporaled Charity and a Company limited by guarantee. All non-
charitable activities are accounted for in the Trading subsidiaries, YMCA ISH Trading Limf(ed & YMCA ISH
Birmingham. All the Charitable activities are accounted for under YMCA Indian Sludenl Hostel.
Hostel Oblectlves
The ISH'S principal objectives are as follows..
The objects of thè Charity are for the public benefit to promote the physical, intellectual and spiritual fitness,
training and wellbeing of students, in particular but not limited lo. students of Indian nationality, resident for the
lime being in the United Kingdom and for the advancement of their education by the provision of hostel or
residential aecomrnodalK)n thereof.
Page 2

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteè)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
To meet these objectives the hostel Continues to provide hostel accommodation for students from India and from
other countries.
The hostel continues lo bo wn by the Board of Trustees. The Trustees are appointed by the National Coun¢il of
YMCAS of India at 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 confirm that they have complied with the duly in Section 4 of the Charities Act 2006 having due
regard to the Charity Commission's general guidance on public benefit. 'Charilies and Public Benefrt,.
Our charges reflect the c05t of providing the serwces given. No one is ex¢luded from the semces of the Charity
on the grounds of race. creed, sex, or social and economic Circumstan￿9.
The slrudure of the Trustee's Annual Report allows us lo report on each of our str*egic aims and our
achievements during the year with each objective. INe have hostel in London and 2 trading subsidiaries. One
bas&d in London & another in Birmingham. In the Charity based in London we have 96 rooms catering lo
Students. In Trading, we 41 rooms catering lo Trans&t guests, we have ￿$taUrant and 4 conference halls. In
Birmingham we have a 26 room133 bedl hostel catering to students.
Rgvlew of the Year
We had a very productive year. Inftux of students was al full peak such that there was a warf<ing list. The income
from Charity, Trading & Birmingham exceeded expectations and this was a breath of fresh air compared to the
PTevious financial year.
Achlevements and performance
London
Charlty
W(Ih an average occupancy rale at 95.850/0, our income came in al £1,905,678.13. This reflected a YOY
in¢rease in income of 29.98Qk. Expenses at £2,046,939.08 rep￿sernIed a YOY increase of 29.37Y.. The increase
in our expenses reflects us coming out of the Covid period. Our operating Surplus for the year seitled al
£109,024.14. ￿th depreciation thoLtgh, we incurred a loss of £141,262.95.
CIBIL Loan
We started repgying the Govemment Backed CIBIL Loan of £250,000 in May 2021. As of March 2023, the
balance was £154,167.
The total Capital spend for Charty amounted to £117,240.29 which also included £38K for the Birmingham
Centenary project.
Page 3

YMCA INDIAN STUDENT HOSTEL
(A Company Limitad by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Trading Subsidiaries
London
Our Iradino occupancy peaked al 89.78OA, as such our income at £1,250,446.39 increased by 105.13VD YOY.
The occupancy remained steady throughout tho year. Expenses for Trading peaked a £819,153.36. The
management charge paid by the Trading Division lo Charity at 390A wa5 £782,795.
Bimiln
ham
8irrningham's performance was good. Occupancy rates at 93.07%. Income at £177,092.18 incfeased by 38.7%
YOY. Expenses al £154,445.39, went up by 22.23Q/o. Surplus for Birmingham hil £22,646.79. A record high.
Consolldated Flnanclal Review
The YMCA is reliant on income from accommodation. catering and hall hire. The lolal income was £2,555,745
an increase of 57.58/0 ¢ompared lo the previous year. Expenses at £2,238,958 went up by 27.160A. Our
operating profit hit £558,704. A record high for the group. Bul with depreciation though, the SUFpIu5 came down
10 £316,787.
The 8oard have decided lo increase the student & trainee rent by 7.75% & Transit by 24Vo as an average.
Increases now lake effect from April 2023 rather Ih8n September as all our providers and contractors increase
their prices from April onwards. The new prices are still in line or lower than Similar hoslelslholels in the Central
London a￿a.
When setting budgets, the hostel reviews annual accounts. periodic management accounts and cash flows to
ensure we hit our KPI'S.
The Board of Trustees monitoi whether the ￿Ver of income is sufficient to meet our operational costs and ensure
we continue lo adapt our strategic policy to meet this.
Future developments
London.. Plans for a full specification Gym, Archive room lo store historical documents & the complete
refurbishment of the ladies, toilets on all ffoors received approval from the Trustees.
8imingham.' Based on the Dern8nd and our current suppty, the board of Trustees have approved the proposal
to construct a S￿rooM purpos￿ul¢t sludenl accommodation with a kltchen and dining a￿a as an extension lo
our building and lo refurbish the existing building as well. The proposal is lo build within the vacant space al the
back of the current hostel. The plans currenlty Sit with Birmingham Council and awai15 approval.
The Trustees have eannarked an approximate sum of £4.3 million towards this project.
Page 4

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUED}
FOR THE YEAR ENDED 31 MARCH 2023
Rèserves Policy
Our resetves are now back up to normal levels with our balances fitting £1,375,432 as on March 31st 2023. This
includes a £500,000 fixed deposit with our bankers NATVVEST.
The Trustees have passed a resolution to maintain £500.000 as a reserve fund for emergencies.
Another £500,1)00 will be kept aside and allocated by the Board of Trustees based on the needs & demands of
the organisalion.
Any funds over and above £1,000.000 will be kept aside for expansion projects of the Charity in the UK.
Managament Rlsk
The Charity and members have considered the major risks to which the Charity is exposed and have reviewed
the risks and established systems and PrOc￿ureS lo manage and miligole these risks. The principal risks
included the risk of a fall in average occupancy ol the hostels and the risk of increased costs.
Occupancy- This continues lo be a major Tisk. We a￿ liaising wlth various educational inslilulions &
related organisalions within the UK & inlernalionally to rnarkel our facilities and provide accommodation
rather than depend entirely on students arriving from India. This way we ensure our occupancy is kept al
the highest possible level.
Heath & Safely - We continue to monitor and act on advice provided by our H8S consuRanls Worknesl.
Recruitment- We are actively engaging with recruitment Collsullanls lo hire Indian Chefs as a few of our
staff are reachino retirement ag&.
Board of Trustoes
The Board ol Trustees met thrice in August 22, December 22, and February 2023.
Oay to day management of the hostel is delegated lo the General SecrelarylCEO. The setting of pay of the key
management personnel is managed by the Board ol Tfustees, following reviews ol stsff and with ctsnsideralion
lo charity benchmarks. The CEO and the Board ol Trustees comprise the Key management personnel of the
charty.
Third Party Indemnlty Provlslons
The Charity maintains a Trustees, Indemnity Insurance Policy, which cove¥s th¢ Trustees against certain liability
laims.
Page 5

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Dlsclosure of Infomiation to Auditors
In so far as each and every committee member is aware..
there is no relevant audit information of which the auditor5 are unaware., and
each and every commi118e member has taken all steps that they ought lo have taken lo make themselves
aware of any relevant audit information and to establish that the auditor is aware of that information.
Audltors
Following a rebranding exercise on 15 May 2023 the trading name of the company's independent auditor
changed from MHA Maclnlyre Hudson lo MHA. A resolution to reappoint MHA as independent auditor will be
proposed al the next Annual General Meeting.
Small companios note
In preparing this report, the Trustees have laken advantage of the small companies exemption5 provided by
section 415A of the Companie5 Act 2006.
Approved by order of the Members of the Board of Trustses and signed on theii behalf by.
Justice Jacob Benjamin Koshy
Chairman
Dale-. 0211212023
Page 6

YMCA INDIAN STUDENT HOSTEL
IA Company Limitsd by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILimES
FOR THE YEAR ENDED 31 MARCH 2023
The Tnjstees (who are also the Directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees. Report and the financial slalemenls in accordanee with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Aecepled Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial year. Under company law,
the Trustees rnusl not approve the financial slalemenls unl&ss they are satislied 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 expenditure, for that period. In preparing these financial stslements, the
Trustees are required lo..
select suitable accounting policies and then apply them consistently",
obsetve the methods and principles of the Charities SORP IFRS 1021",
make judgements and accounting estimates that are ieasonable and prudent",
slate whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the fi'nancial slalemenls.,
prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the
Group v4ill continue in business.
The Trustees are responsible for keeping adequate accountin9 records that are sufficient to show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy al any time the financial posf(ion
of the Group and the Charity and enable them to ensure that the financial slalemenls cornply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and
hence for taking ￿asonable steps for the prevention and detection ol fraud and other irregularities.
Approved by order of the Members of the Board of Trustees and signed on it5 behalf by..
Justlce Jacob 8enjamln Koshy
Chairman
Dale.. 0211212023
Page 7

YMCA INDIAN STUDENT HOSTEL
IA Company Limiled by Guaranteel
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
Opinion
We have audited the financial slalemenls of YMCA Indian Sludenl Hostel Ilhe 'parenl charitable company'l and
ils subsidiaries Ilhe 'group'l for the yeai ended 31 March 2023 which comprise the Consolidated Slalemenl of
Finan¢ial Activities, the Consolidated 8alance Sheet, the Charity Balance Sheet, the Consolidated Slalernenl of
Cash Flows and the related notes, including a summary of significant accounting policie5. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the finaneial statements..
give a true and fair view of the slate of the Group's and of the parent charitable companvs affair5 as al 31
March 2023 and of the Grtsup's incoming resources and application of resources, including rts income and
expendrture f¢)r the year then ended",
have been properly prepared in accordance with Unil¢d Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance WFth the requirements of the Companies Act 2006 and the Char(fie5
Ac12011.
Basls for opinion
We conducted our audrf( in accordance wlh International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilf(ies under those standards are further described in the Auditors, responsibilEties for the audit
of the financial statements section of our report. We are independent of the Group in a¢¢ordan¢e wlh the elhieal
requirements that ale relevant lo our audit of the financial slalements in the Unrted Kingdom, Includin9 the
Financial Reporting Council's Ethical Standard, and we have fuKilled our other ethical responsibilities in
accordance with these requiromenls. We believe that the audit evidence we have obtained is sufficient an
appropriate lo provide a basis for our opinion.
Concluslons relating to going concem
In auditing the financial slalemenls, we have concluded that the Trustees. use of the going concern basis of
accounting in thfr preparation of the financial slalemenls is appropriate.
Based on the woik we have performed, we have not identified any material uncertainties relating lo events or
conditions that. individually or collectively, may cast signrficanl doubl on the Group's or the parent charitable
company's abilty to continue as a going concern for a period of al least twelve months from when the financial
slalements are aulhorised for issue.
Our respon5ibililies and the responsibilili8s of the Trustees with respect lo going concein are described in the
relevant sections of this report.
Page 8

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
(CONTINUED
Other infomiation
The other information eomprises the information included in the Annual Report other than the financial
statements and our Auditors, Report Ihereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial slalemenls does not cover the other information and,
except lo the extent otheNise explicitly slated in our report, we do not express any form of assuiance ￿nclUsion
the￿on. Our responsibility is lo read the other infDrmalion and, in doing so, consider whether the other
information is materially inconsistent with the financial stslemenls or OUT knowledge obtained In the course of the
audit, or otherwise appears to be materially misstsled. If we idenlty such material inconsistencies or apparent
material misslalemenls, we are required lo determine whether this gives rise lo a material misstatement in the
financial statements themselves. If, based on the work we have porformed, we conclude that Iheie is a material
misstatement of th15 other information. we are required to report that fact.
We have nothing lo report in this regard.
Opinion on other mattors prg$crlb&d by the Companiés Act 2006
In our opinion, based on the work undertaken in the course of the aLtdit'.
the information given in the Trustees, Report for the financial year for which the f5nancial statements are
prepared 15 consistent with the financial statemeftts.
the Trustees, Report has been prepa￿d in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not idenlrfied material misslalemenls in the Tru5tees' Report.
We have nothing lo report in ￿SpeCt of the folltiwng matters in relation lo which Companies Act 2006 require5
us lo report lo you rf, in our opinion..
the parent charitable company ha5 not kept adequate and suffi¢ienl accounting r￿OrdS, or retums
adequate for our audit have not been received from branches not visited by us.. or
the parent charitable company financial statements are not in agreement with the accounting records and
returns". or
certain disclosures of Trustees, remunerab'on specrfied by law are not made., or
we have not Teceived all the information and explanations we require for OL*r audit", or
the Trustees were not enlilled lo prepare the financial statements in accordance Tmth the small companies
regime and lake advantage of the small companies. exemptions In preparing the Trustees, Report and
ITOM the requirement lo prepare a Strategic Report.
Responsibllities of Trustees
As explained more fully in the Slalemenl of Trusteès. Responsibilities. the Trusteès (who are also the Directors
of the charitable company for the purposes of company lawl are responsible for the preparation ol the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustee5 determine is necessary lo enable the preparation of fin8n¢ial statements that are free from material
misslalement, whether due to fraud or error.
Page 9

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarantee)
INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
In preparing the financial slalemenls, the Trustees are responsible for assessing the Group's and the parent
charitable cornpany's abilrty lo continue as a going concern, disclosing. as applicable, matters related to going
concern and usin9 the going concern basis of accounting unless the Trustees either intend to liquidate the Gro¢Jp
or the parent charitable company or lo cease operations, or have no realistic attemalive but to do so.
Auditors. responsibilities for the audit of the financial Statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl, whether due to fraud or error, and lo issue an Audf(ors' Report that includes our
opinion. Reasonable a$5uran¢e is a high level of assurance, but is not a guarantee that an audit conductèd in
accordance wslh ISAS IUKI will athys delecl a material misslalemenl when il exists. misslalemen15 can arise
from fraud or error and are considered material if, individually or in the aggTegale, they could reasonably be
expected to influence the economic decisions of users taken on the basi5 of these financial stalem¢nts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo detect material misstalemenls in respect of irregularities,
including fraud. The exlenl lo which our procedures are capabl& of detecting irregularilie5, including fraud is
detailed below..
Obtaining an understanding of ItrFe legal and regulatory frameworks that the entity operates in. focusing on
those laws and regulation5 that had a direct effect on th? financial statements",
Enquiry of management and those charged w￿th governance to identify any instances of known or suspected
instances of fraud",
Enquiry of management 8nd those Gharged with governance around actu81 and potential lrtigation and
Claims".
Enquiry of management about any instances of non-compliance with laws and regulations,.
Reviewing the control systems in place and lesling the effectiveness of the eonlrols..
Perfom)ing audit work over the risk of management overrkye of controls, including testing of journal entries
and other adjustments for appropriateness.,
Evaluating the business rationale of significant transaetions outside the normal course of bu$inoss'.
Reviewing accounting eslimales for bi3$',
Challenging assumptions and judgements made by management and Trustees on significant accounting
eslimales.,
Reviewing minutes of meetings of those charged with governance., and
Reviewing financial statement disclosures and testing lo supporting d￿Umentation lo assess compliance
with applicable laws and regulations.
Because of the inherent limrtalions of an audit, there is a risk that we will not delecl all irregularit￿$, including
those leading lo a material misslalement in the financial statements or non-compliance with regulation. Thi5 risk
increases the more that compliance wlh a law or regulation is removed from the events and transactions
reflected in the financial slalemenls, as we will be less likely lo become aware ol instances of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraucl rather than error, as fraud involves
intentional ¢on¢ealmenl, forgery, collusion, omission or misrepresenlalion.
A further descrtption of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Councils website al.. www.frc.or
. uklaudi(orsres
onsibililies. This description forms part of our
Auditors. Report.
Page10

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
Use ofour report
This report is made solely to the eharilable companls Members. as a body, in accordance wlh Chapter 3 of Part
16 of the Companie5 Act 2006, and lo the charitable companls Trustees, as a body, Part 4 of the Charities
IA¢coun15 and Report51 Regulations 2008. Our audit work has been undertaken so that we might slate to the
charitable company's Members those matters we are required lo stale to them In an Audrtors, Report and for no
other purpose. To the fullest exlenl pemiitted by law, we do nel accept or assume responsibilty to anyone other
than the charitable company and ils Members, as 3 body, for our audit work, for this report, or for the opinions
we have formed.
Stuart McKay Bsc FCA DChA (Senlor Statutory Auditor)
for and on behaw of
MHA
Slatulory Audiior
London, United Kingdom
Date.. 1911212023
MHA is the trading narlle of Maclnlyre Hudson LLP, a limited liability partnership in England and Wales
Iregislered nurnber OC3123131.
Page11

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarante9)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPOPATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
2023
Total
funds
2023
Tolal
funds
2022
Not8
Incomo from:
Donations and grants
Charitable activrties
Other trading aclivilies..
Fundraising
Trading activities
Investments
8.521
1,102,958
8.521
1.102.958
112,953
762,593
7.127
1,427,392
9,747
7,127
1,427,392
9,747
9, 167
737,120
36
Total Income
2,5SS,745
2,555,745
1,621, 869
EXpendItu￿ on-
Trading operations
Charitable activities
191,392
2.047.￿6
191.392
2.047.566
139,512
1,627,293
Total expenditure
2,238,958
2,238,958
1, 760, 805
Net movement in funds
316,787
316,787
(138,936)
Reconclliation of funds..
Total funds brought forward
Nel movement In funds
3,905,529
316.787
3,905,529
316,787
4,044,465
(138,936)
Total funds Ca￿led forward
4,222,316
4,222.316
3,905,529
The Consolidated Slalernent of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 35 form part of these f￿nanCIal slalements.
Page 12

YMCA INDIAN STUDENT HOSTEL
{A Company Llmited by Guarantee)
REGISTERED NUMBER: 08684425
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2023
2023
2023
2022
2022
Note
Fixed assets
Tangible assets
15
3.330,926
3,449,845
3,330,926
3,449,845
Current assots
Stocks
Debtors.. Amounts falling due within one year
Cash al bank and in hand
3.070
139,232
1.375,432
4,062
125,376
908, 640
17
23
1,517,734
1,038.078
Credrtors.. Amounts falling due within one
year
18
1522.1771
(428,227)
Net current assets
995,557
609,851
Total assets less Current Ilablllties
4,326,483
4,059, 696
Creditors.. Amounts falling due after more
than on8 year
19
{104,1671
(154, 167J
Total net assets
4,222,316
3,905, 529
Group funds
Unreslricled funds
20
4,222,316
3,905,529
Total funds
4,222,316
3,905,529
The Trustees acknowledge their responsibilitie$ for Complying with the requirements of the Companies Act 2006
wf(h respe¢l lo accounting records and preparation of financial slalemenls.
The financial statements have been prepared in accordance with the provisions applicable lo enlilies subject lo
the small Companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Justice Jacob Benjamln Koshy
Chairman
Dale. 02112123
The notes on page5 16 to 35 form part of these financial slalements.
Page13

YMCA INDIAN STUDEfrif HOSTEL
IA Company Limited by Guarantee)
REGISTERED NUMBER: 08684425
CHARITY BALANCE SHEET
AS AT 31 MARCH 2023
2023
2023
2022
2022
Note
Flxed assgts
Tangible assets
Investments
15
3,330,926
3,449.845
16
3,330,927
3,449,846
Current a$$gts
stocks
3,070
775,335
639,325
4.062
822, 109
131,041
Debtors.. Amounts falling due wthin one year
Cash al bank and iri hand
17
1,417,730
1422,1741
957,212
Creditors.. Amounts falling due within one year
18
(347,362J
Net Current assets
995,556
609,89)
Totsl assets less current liabilitles
4,326,483
4,059,696
Credrtors.. Amounts falling due after more
than one year
19
1104,1671
(154, 167)
Total net assets
4,222,316
3,905,529
Charity funds
Unrestricted funds
20
4,222,316
3.905,529
Total funds
4.222.316
3,905,529
The Charity's nel movement in funds the year was £316,787 (2022. £(138, 936)).
The Tnjslees ackn¢￿edge their responsibilities for complying with the ￿qUirements of the Compan*s Aet 2006
with respect to a¢counling records and preparation of financial slalements.
The financial slalemenls have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The tinancial statements We￿ approved and authorised for issue by the Trustees and signed on their behalf by..
Justlce Jacob Benjamin Ko¥hy
Chairman
Dale 0211212023
The notes on pages 16 to 35 form part of these financial slatemenls.
Page 14

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantèe)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Note
Cash flows from operating activities
Net cash used in operating aclivilEs
22
580.043
186, 168
Cash flows from invosting activitie$
Interest incomg
Purchase ol tangible fixed assets
9,747
1122.9981
36
f71,340)
15
Net cash usgd in invgsting activitigs
1113.2511
171,304}
Change in cash and cash equivalents in the year
Cash and cash equivalents al the beginning of thg year
466,792
114.864
908,640
793, 776
Cash and cash equivalents at the end of the year
23
1,375.432
908,640
The notes on pages 18 to 35 fom part of these financial statements
Page15

YMCA INDIAN STUDENT HOSTEL
{A Company Llmlted by Guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
General Inforniatlon
YMCA Indian Sludenl Hostel is a chaiilable company limited by guarantee and is ￿giste￿d with the
Registrar of Companies Icompany Registered Number.. 086844251 and the Charity Commission (Charity
R$gistgred Number. 11542481 in England and Wales.
In the event of the Group being wound up, the liabilty in respect of the guarantee is limited lo £1 per
member of the GTQUP.
The address of the registered office is given in the Group information on page 1 of these financial
statements.
The Charity operations and principal activities are the provision of hosl$l accommodation and the
advancement of learning through training.
Accounting policies
2.1 Basis of preparation of financial slatgments
The financial $18temenl$ have been prepared in accordance wth the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities
prepa￿ng their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102}, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
YMCA Indian Student Hostel meets the definition of a public benefit enlrty under FRS 102.
Assets and liabilities are Initial￿ recognised at historical eosl or transaction value unless olhetwse
staled in the relevant accounting policy.The financial statements are propared in sterfing which is the
functional and presentational currency of the Group and are rounded lo the nearest pound.
The Consolidated Statement of Financial Acliv((ies ISOFAI and Consolidated BaL8n¢e Sheet
consolidate the financial statements of the Charity and ils subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed Ltnder section 408 of the Companies Act
2006 and has not presented ils own Statement of Financial Activities in these financial slalementg.
2.2 Going concern
The Trustees have assessed the use of going concern and have consKlered possible even15 OT
conditions that might cast significant doubl on the ability of the Group lo continue as a going concern.
The Trustees have made this assessment for a period of al least one year from the dale of the
approval of these finsncial st8lemenls. The Trustees have cgncluded that there is a reasonable
expeGtation that the Group has adequate resources to Continue in operational existence for the
foreseeable future. The Group therefore continues to adopt the goin9 concern basis in preparing
these financkol stalemenls. and is not aware of any material uncertainties over its ability lo continue
as a going concern.
The Trustees are not aware of any post balance sheet events which woulcl have a material impact on
these financial slalemenls.
Page 16

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policie5 Icontinuedl
2.3 Income
All inwme is recognised once the Char¢ly has entillemenl lo the income. il Ys probable that the
income will be received and the amount of income receivable can be measufed reliably.
For legacies, enlillemenl is tsken as the earlier of the dale on which either.. the charrty is aw8re that
probate has been granted, the estate has been finalised and nolificalion has been made by the
execulorlsl lo the Trust that a distribution will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part. is onty considered probable when the amount can be
measured reliably and the charity has been notified of the exe¢ulor's intention to make a dislribulion.
Where le9acies have been notified to the charity, or the charity is aware of the granting of probate,
and the criteria for income recognition h8ve not been mel, then the legacy Is treated a5 a contingent
asset and disclosed if material.
Grants are ineluded in the Consolidated Statement of Financial Adivilies on a recewable basis. The
balance of Income received for specifi¢ purposes bul not exptrnded during the period is Shown in the
relevant funds on the Balance Sheet. Where income is received in advance of enti(lernenl of receipt.
ils recognitron is deferred and inclulled in credrtors as deferred income. Where enlillemenl occurs
before income is received, the income is accnJed.
Gift5 in kind donated for distribution are included al valuation and re¢ognised as income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value lo the charty where this can be quantified and a third
party is bearing the cost. No amounts are included in the financial statements for services donated by
volunle&rs.
Donated services or facilities are recognised when the charty has control ovef the item, any
conditions associated with the donated item have been met, the re￿Ipl of economic benefit from the
use of the charrty of the item 15 probable and that economic benefit can be measured reliably. In
accordanee with the Charities SORP IFRS 1021. the general volunteer time of the FTiends is not
recognised and refer to the Trustees, report for more infom)alion about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the grft lo the ¢harily which is the amount the ctiarity would have been willing lo pay lo obtain
senrices or facilities of equivalent economic benefit on the open market. a corresponding amount is
then ￿Cognised in expenditure in the period of receipt.
Income lax recoverable in relation lo investment income is ￿Co￿nised al the lime the investment
income is receivable.
Rondoring of services
Revenue from a contract lo provide semces is recognised in the period in which the servi¢es are
provided in accordance wrth the stage of completion of the contract when all of the following
ondrtions are satisfied..
the amount of revenue can be measured reliably..
it is probable that the Company will receive the consideration due under the conlfacl",
the stage of ¢ompleliL)n of the eonlracl al the end of the reporting period can be rneasured
reliably", and
the costs incurred and the costs to complete the Contract can be measured reliably.
Page 17

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies {continu8dl
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
lo a third party, il 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 ¢las5ified by aclivrty. The costs
of each aclivty are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activty. Direct costs atlribulable lo a single activity are allocated directly
to that activity. Shared costs which contribute lo more than one adivily and support costs which are
not attributable to a single actiVSty are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of lime Spent, and depreciation
charges allocated on the portion of the asset's use.
ExpendK(ure on raising funds includes all expendrture incurred by the Group to raise funrls for its
charitable purposes and includes costs of all fundraising adivilies events and non<harrtable trading.
Expenditure on charitable activtties 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 Government grants
Government grants relating to tangible fixed assets are Ireat¢d as defsrrod income and feleased lo
the Consolidated Statement of Financial Activities over the expected useful lives of the assets
concerned. Other grants are credf(ed lo the Consolidated Statement of Financial Aclivrtie5 as the
related expenditure is incurred.
2.6 Interest receivable
Interest on funds herd on deposit is included when receivable and the amount can be measured
reliably by the Group". this is normally upon nolificalion of the interest paid or payable by the inslrtulion
with whom the funds are dep0511ed.
2.7 Tan9ibl¢ fixgd as$gts and depreCIa￿On
Tangible fixed assets costing £500 or more are caprtalisfyd and rgcognised when future economic
benèfits are probable and the cost or value of the asset can be measured reliabty.
Tangible fixed assets are initialty recogni5ed al cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulalod depreciation and any accumulated impairment
losse5. All costs incurred lo bring a tangible fixed asset into ils intended working condition Shou￿ be
included in the measurement of cost.
Page 18

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting poli¢le$ Icontinuedl
2.7 Tanglble fixed assets and depreciation (continued
Depreciation is charged $0 as lo allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the slraighl-line method.
Depreciation is provided on the followng bases..
Freehold propety
Freehold land
Plant and machinery
Fixtu￿$ and fittings
Other fixed assets
2QA Slraighl line
Not depreciated
200/0 Slraighl line
200/. Slraighl line
2.8 Investments
Fixed asset investments are a fomi of financial instrument and are inili81ty recognised at their
transaction cost and subsequently measured al fair value al the Balance Sheet dale, unless the value
eannot be measured reliably in which case il is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLos$es} on
inveslmenls. in the Consolidated Slalement of Financial Aclivilies.
Investments in subsidiarie5 are valued al cost less provision for impaimenl.
2.9 Stocks
Stocks are valued al the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all difecl costs and an appropriate proportion of fixed
and variable overheads.
2.10 Debtors
Trade and other debtors are recognised al th& selllemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts duo.
2.11 Cash at bank and in hand
Cash al bank and in hanol illcludes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 19

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies (continued)
2.12 Liabilities and provlsions
Liabilf(i6s are recognised when there 15 an obligation at the Balance She91 date as a r$$utt of a past
event, il is probable that a Irallsfer of economic benefit will be required in settlement, and the amount
of the settlement can be eslimaled reliably.
Liabilities are recognised al the amount that the Charity anlicipales il will pay lo settle the debt or the
amount Il has re¢eive(i as advanced payments for the goods or services il must provid&.
Prowsions are measured al the best estimate of the amounts required lo settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discoLJnled at the pre-tax discount rale that refleels the nsks specific lo the liabilty. The
unwinding of the discount is recognised in the Consolidated Slalemenl of Financial Activities as a
finance cost.
2.13 Financial instruments
The GTOUP only has financial assets and financlal liabilities of a kind that qualrfy as basi¢ financial
inslrumenls. Basic financrdl instruments are initially recognised at transaction value and subsequently
measured al their 5ettlernenl value with the exception of bank loans which are subsequently
measured at amortised cost using the eff$clive interest method.
2.14 Pensions
The Group operates a defined contribution pension scherne and the pension charge represents the
amounts payable by the Group lo the fund in respect of the year.
2.15 Fund a¢¢ounting
Genèral funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for othe
purposes.
Designated funds comprise ynreslricled fund5 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
stslements. Surpluses on designated funds on projects are funded from unrestricted funds.
Restricted funds are funds which are lo be used in accordance with specrfic reslriclions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such fund5 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 and1055es are alloealed lo the appropriate fund.
Page 20

YMCA INDIAN STUDENT HOSTEL
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Critical accounting estimat¢s and areas of ludgement
Eslimales and judgements ale continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed lo be reasonable under the
circum51ances.
Critical accounting estimates and assumptions..
The Charity makes eslimales and assumptions concerning the future. The resulting accounting estimates
and assumptions wll, by definition, seldom equal the related actual results. The eslimales and
assumptions that have a signifi¢anl risk of ¢au5ing a material adjuslmgnl lo the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Depreciation rates for tangible fixed assets
Ineome from donations and grants
Unrostricted
funds
2023
Total
funds
2023
Donations
8,521
8.521
Included within the Grants above are Government grants of £Nil (2022 - £111,553). Of these total
Government grants. £Nil (2022 - £8T,553) related lo the Coronavirus Job Retention S¢heme and £Nil
[2022 - £24,000) relatfjd lo Camden Council. There were no unfulfilled conditions attached lo these
Government grants as at erther year end.
un￿stn¢1ed
funds
2022
To181
funds
2022
Donations
Grants
1,400
111,553
1,400
111,553
112,953
112,953
Page 21

YMCA INDIAN STUDENT HOSTEL
IA Company Limtted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Fundraising income
Unrestrl¢ted
funds
2023
Total
funds
2023
Other fundraising income
7,127
7.127
Unr&slricted
funds
2022
Total
funds
2022
Other fundraising income
9, 167
9, 167
Tradlng actlvltles
YMCA Indian Student Hostel has a wholly owned trading subsidiary, YMCA ISH Tradin9 Limited,
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 ol the parent
Charity. A summ8ry of the trading resuit5 IS shown below. Audited accounts for YMCA ISH Trading
Limited will be filed w(th the Registrar of Companies.
2023
2022
YMCA ISH Trading Limited
Turnover
1,427,392
737, 120
1782.7951 (586,327)
Cost of sales
Gross PTof1t
Administrative costs
644,597
150, 793
1191,3921 (139.512)
Proflt on ordinary activities
Distribution - donation lo parent company
453,205
1453,2051
11.281
(11,281)
Retained in the subsidiary
The consolidated Statement of Financial ActThiities includes the results of the subsidiary and those of the
parent Charity. The unconsolidaled surplus of YMCA ISH Trading Limited for the year ended 31 March
2023 was £453,205 f2022- £11.281).
Page 22

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Investment income
Unrestrlcted
funds
2023
Total
funds
2023
Interest income
9,747
9,747
Unreslricled
funds
2022
Total
funds
2022
Interest income
36
36
Page 23

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantael
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from charitable act1v1￿&S
Unrestricted
funds
2023
Total
funds
2023
Room rent
Mea15
Membership fees
Inl$rnel inwme
1,086,82S
4,303
9,128
2,701
1,086.826
4,303
9,128
2,701
1,102,958
1.102,958
Un￿s1ncled
funds
2022
Total
funds
2022
Room ￿nt
Meals
7￿,815
3,560
5, 585
2, 833
750,615
3, 560
5.585
2,833
Membership fees
Internel income
762,593
762,593
P￿e 24

YMCA INDIAN STUDENT HOSTEL
IA Company Llmited by Guarant9el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Expenditure on raising funds
Unrestricted
fund$
2023
Total
funds
2023
Expenditu￿ on ITading operations
191,392
191,392
un￿StrICted
funds
2022
Total
funds
2022
Expenditure on trading operations
139,512
139,512
Page 25

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10. Analysis of expenditure on charitable activities - by fund
Unr9Strl¢ted
funds
2023
Total
funds
2023
Room rent
Meals
1,128,Q52
736.687
182,827
1,128,052
736,687
182.827
Support costs
2,047,566
2,047,566
Untvslricled
funds
2022
Total
funds
2022
Room rent
980, 732
492.681
147,880
980, 732
492,681
747,880
Meals
Support costs
1.621,293
1,621,293
Page 26

YMCA INOIAN STUDENT HOSTEL
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
11. Analysis of expenditure on charitable activities- by type
Activltles
undertake
directly
2023
Support
costs
2023
Total
funds
2023
Room rent
Meals
Support costs
1,128,052
736,687
1.128.052
736,687
182,827
182,827
9.864.739
182,827
2,047,566
Aclivi11gS
undertaken
dI￿¢11Y
2022
Support
costs
2022
rolal
funds
2022
Room rent
Meals
Support costs
980, 732
492,681
980, 732
492,681
147,880
t47,880
1.473.413
147.880
1.621.293
Analysis of support COSts
Total
funds
2023
To181
funds
2022
Staff costs
45,654
31,449
35,S60
70,1fj4
42,472
36,348
15, 779
53,341
Depreciation
Governance c05t5
Olhors
182.827
147, 880
Page 27

YMCA INDIAN STUDENT HOSTEL
IA Company Llmmed by Guarante6)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12. Governan¢e ¢o$ts
2023
2022
Auditors, remuneration Audit of the financial slalemenls Icharily onlyl
Auditors, remuneration Accounts preparation Icharity only)
Auditors, remuneration - Over-a¢crual in prior year Icharily only)
Trustees expense5
9,950
3,000
17741
23,384
8, 500
2, 750
4,469
35.560
15, 719
The audit fee of the subsidiary company of £4,950 {2022 - £4,000). the a¢counts preparation fee of
£1,500 (2022 - £1,250) and corporation lax services of £1,600 (2022 - £7,500) are included in the
adminislralive costs of YMCA ISH Trading Limited lolalling £191,392 (2022- £739, 106} (Note 61.
13. Staff costs
Group
2023
Group
2022
Charlty
2023
Charity
2022
Wages and salaries
Social security costs
Pension costs
800,391
73,372
20,052
669, 660
56,441
Y8,342
744,388
69,230
19,419
630,801
54, T41
17,872
893,815
744,443
833,037
703,414
The average number of persons employed by the Charity during the year was as follows..
Group
2023
Group
2022
No.
Charity
2023
No.
Charily
2022
No.
Direct charitsble
26
23
23
20
Management and administration
33
30
27
No employee received remuneration amounting lo more than £60,000 in either year.
Key Management Personnel are considered lo be the Trustees and the General SeC￿lanes. The lolal
remuneration fr>r Key Management PeT50nnel was £68.297 (2022- £63,521).
Page 28

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. Trustees, remunaration and gxpenses
During the year, no Trustees received any remuneration or other benefits (2022- £NILJ.
During the year ended 31 March 2023, travel experlses lotalling £23,384 were reimbursed or paid direcdy
to 6 Trustees (2022- £4,469 10 3 Tfustees).
15. Tangible fixed assets
Group and Charlty
Assets
Plant and Fixtures and
under
machinery
fittings construction
Freehold
Property
Total
Cost or valuatlon
Al 1 April 2022
Additions
Disposals
4,644.998
1,709.241
72,443
11.546.785) 11,603,295)
267,653
8.700
1263,8841
6.621.892
122.998
13,413.964}
41.855
At 31 March 2023
3,098,213
178,389
12,469
41,855
3,330,926
At 1 April 2022
Charge for the year
On disposals
1,454,070
1.461,599
92,715
141.696
11,$46,7851 11,603.295
256,378
7,506
1263,8841
3,172.047
241,917
13,413,964)
Al 31 March 2023
Net book value
At 31 March 2023
3,098,213
178,389
12,469
41.855
3,330.926
At 37 Ma￿h 2022
3, 190,928
247,642
f 1,275
3,449,845
Page 29

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16.
Fixed asset Invostments
Investments
in
subsidiary
companies
Charity
Market Value
Al l April 2022
Al 31 March 2023
The company has one share in tts subsidiary Company, YMCA ISH Trading Limited. YMCA ISH Trading
Limited carries out the non-charitable activities of the group. Details of YMCA ISH Trading Limited are in
Note 6.
17. Dobtors
Group
2023
Group
2022
Charity
2023
Charily
2022
Due withln one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Propaymenls and accrued income
41,496
24,501
689.925
72t, 285
5, T58
95,066
6,258
94,617
97.736
85.410
139,232
125,376
775,335
822, f 09
Page 30

YMCA INDIAN STUDENT HOSTEL
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Creditors: Amounts falling due within on& yoar
Group
2023
Group
2022
Charity
2023
Charity
2022
Bank overdrafts
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
10.7S3
so.000
211,925
33,322
23,183
192,994
3,449
50,000
190, 100
11,780
22,062
150,836
10,753
50.000
184,667
33,322
22.144
121.288
3,449
50,000
167,401
11,780
20,081
94.651
522.177
428.227
422.174
347,362
Group
2023
Gmup
2022
Charity
2023
Charity
2022
Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods
99.191
134.S10
{99,1911
31.225
99. 191
{3f,225)
54.331
78,438
{$4,331)
31.225
54,33t
(31,225)
134,610
99. 191
78,438
54.331
19. Creditors: Amounts falling due aftei more than one year
Group
2023
Group
2022
Charity
2023
Charify
2022
Bank loans
104.167
754. 167
104.167
154, 167
Page 31

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
20. Statement of funds
ststemont of funds- current year
Balance at
31 March
2023
Balance at 1
April 2022
Income Expenditure
Unrestrlcted funds
General Fund
3.905,529
2,555,745 I2,238,958I 4,222,316
Statement of funds - prlor year
8alance al
31 March
2022
Balance al
1 April 2021
Transfers
in/oul
Income Expenditure
Unrestricted funds
Designated fund$
Designated Fund -
Maintenance fund
1,000,000
(Y,O(X).OOOJ
Ggneral funds
General Fund
3,044,465
1,621,869 (7, 760,805)
1,000,000
3,905,529
Total Unrestrlcted funds
4,044,465
1,621,869 11,760, 805)
3,905.529
Pag& 32

YMCA INDIAN STUDENT HOSTEL
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Analysls of net assets belJveen funds
Analy$ls of net assets between funds - current year
Unrestricted
funds
2023
Total
funds
2023
T8ngible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
3,330,926
3.330.926
1.518,426
1,518,426
1522,8691
1522.8691
1104,1671 1104,167}
Total
4.222,316
4,222,316
Analysls of net a$$9ts between funds - prior year
Unrestricted
funds
2022
Total
fvnds
2022
Tangible fixed assets
Current assets
Creditors due within one year
Craditors due in more than one year
3,449.845
1.038,078
(428,227)
(754, 167)
3,449, 845
1,038,078
(428,227)
(154, 167?
Totsl
3,905,529
3,905,529
Page 33

YMCA INDIAN STUDENT HOSTEL
IA Company Umlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Reconciliation of net movement in fLFnds to net cash flow from operating activities
Group
2023
Group
2022
Net incomelexpenditure lor the year las per Slaloment of Financial
Activiliesl
316,787
f138,936J
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease in stocks
{Increasel in debtors
Increase in creditor5
15
241.917
19.7471
992
113,8561
43,950
279,600
{36)
489
(61,069J
106, 120
17
18,19
Net cash provided by 0￿ratIng activitiès
580,043
786. 168
23. Analysi$ of cash and cash equivalents
Group
2023
Group
2022
Cash in hand
1.375.432
908,640
Total cash and cash eqLEivalents
1.375.432
908.640
24. Analysis of changes In net debt
At 1 April
2022 Cash flow5
At 31 March
2023
Cash al bank and in hand
Bank overdrafts repayable on demand
Debt due within 1 year
Debt due after 1 year
908.640
13A491
150,0001
1154,1671
466,792
{7.3041
1,375,432
110,7531
Iso,iJooi
1104,167)
50.000
701.024
509,488
1,210.512
Page 34

YMCA INDIAN STUDENT HOSTEL
IA Company Limitsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
25.
Pènsion ¢ommitment$
The Charity operates a defined contribution pension scheme. The 8ssels 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 amounted lo £20,052 [2022 - £18,342).
Contributions lotalling £NIL (2022- £NIL) were payable ID the fund at the year end.
26. Related party transactions
Thore were no r&laled party transactions in either year, other than the Key Management Personnel
remuneration, as detailed in Note 13.
Page 35