Company Registered Number: 08684425
Charity Registration Number.. 1154246
YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charityk Its Trustees and Advisers
Trustees. Report
Statement of Trustees, Responslbilities
Independent Auditors. Report on the F¢nanclal Statements
7.10
Consolldated Statement of Financial Actlvltles
Consolldated Balance Sheet
12
Charlty Balance Sheet
13
Consolidated Statement of Cash Flows
14
Notes to the Flnancial Statements
15-32

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Mr Vincent George, Chairman
Mr Akil George Eapen, Treasurer
Justice {Retdl Jacob Benjamin Koshy
Mr Noel Amanna
Mr Manickam P.E. Asimatham
Mr Suvi Kuruvilla
Betsy Merilyn Williams (appointed 1 March 2025)
Eldo Nedumthallil Varghese (appointed 22 October 2024)
Vysiamparambil Varghese
Mr Bertram Vedamoney Devadas (resigned 4 May 2024}
Company registered
number
08684425
Charity registered
numbar
1154246
Reglstered office
41 Filzroy Square
London
W1T6AQ
Company secretary
Sam R Ponnian Ilo 15 September 20241
Leonard Salins (from 15 Seplember 2024)
Independent auditors
MHA
6th Floor
2 London Wall Place
London, United Kingdom
EC2Y SAU
Page I

YMCA INDIAN STUDENT HOSTEL
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees of the YMCA Indian Student Hostel I'ISH }, have pleasure in presenting their report
together with the audited group financial statements of the incorporated charity for the year ended 31 sl March
2025.
Princlpal Activities
The principal activity of ISH is the provision of hostel accommodation for students from all over the world coming
to the United Kingdom to pursue higher studies andlor advancement of learning through training.
Constitution of ISH
In accordance with English Charity law and English Company law, the Trustees are ultimately responsible for the
good governance and supervision of ISH including supervision of its staff and assets in accordance with Its
charitable ob'ects. Under the 1967 Declaration of Trust as amended by the 2012 Deed of Amendment, National
Council of Y&cAs of India INCYI) has the power to appoint and remove ISH'S charity trustees, includin
office
holders. which it lends to appoint for a 3-year term which may be extended at its discretion subjecl to NCY 's own
Conslilution.
The ISH'S charitable purposes are lo provide for the physical, intellectual, spiritual fitness, Iraining, and well-b8ing
of students and to provide hostel accommodation for those purposes. We have referred to the guidance in the
Charity Commission's general guidance on Public Benefit when reviewing our aims and objectives and in planning
our future aclivilies. In particular, the Board of Trustees consitjers how planned activities will contribute to the
aims and objectives they have set, which are described below. The Trustees ensure that these activities are
carried out for the public benefit by delivering services that are valued by our users.
The Trustees 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 to day running of the charity under
delegated authority.
The ISH has the power to invest monies, not immediately required for the furtherance of its objectives, in bank
deposits, investments and securities as it thinks fit, subject to any statutory requirements.
Organisatlonal Structure
The ISH now carries out its functions as an incorporated Charity and a Company limited by guarantee. All non-
charitable activities are accounted for in the Trading subsidiary, YMCA ISH Trading Limited. All the Charitable
activities are accounted for under YMCA Indian Student Hostel.
To meet it's objectives the hostel continues to provide hostel accommodation for students from India through the
provision of two hostels, one in central London and the other in Birmingham. Overall, both hostels have the
capacity to house 149 students.
Hostel Objectives
The ISH'S principal objectives are as follows..
The objects of the Charity are for the public benefil lo promote the physical, intellectual, and spiritual fitness,
training, and wellbeing of students, but not limited to, students of Indian nationality, resident for the time being in
the United Kingdom and for Ihe advancement of their education by the provision of hostel or residential
accommodation thereof.
The hostel continues to be run by the Board of Trustees. The Trustees are appointed by the National 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 confirm that they have complied with the duty in Section 4 of the Charilies Act 2006 having due
regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit,.
Our charges reflect the cost 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.
Page 2

YMCA INDIAN STUDENT HOSTEL
{A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The structure of the Trustee's Annual Report allows us to report on each of our strategic aims and our
achievements during the year with each objective. "We have hostels in London and Birmingham. The hostel in
London has 106 rooms {118 beds) catering for students as well as 21 rooms catering to transit gues15, a restaurant
and four conference halls. The hostel in Birmingham has 26 rooms {33 beds) catering for students only."
R8view of the Year
'We had a successful financial year. Influx of students was good, and as a r8suII income from London (students
and transit) and from Bin77ingham was 8XGeeded budgeted results."
Achievements and performance
London
Students
Our occupancy for this year came in at 82.08.10 compared to 96.81010 last year. Our income peaked at
£1,869,521.44 This reflected a year-on-year decrease in income of 10.8 /.. This was very d15appoinling, bul is
linked directly to our lower occupancy levels. Expenses at £2,494,723.83 represented a year-on-year increase
Our deficit for the year settled at £625,202.39
nsit
Our trading occupancy was low at 51.08Q/o. 11 was very disappointing for the entire year. This reflected in our
income at £1,192,497.21 which dropped by 13.1'/0 year-on-year. Expenses for Tradin
peaked al £554,1 $5.10
which represented a decrease of 40.650/0. This decrease in expenses was main
y down to the reduced
management charge figure which came down because of the reallocation of rooms from Trading lo Charity.
The management charge paid by the Trading Division lo Charity at 20 /0 was £494,958. The management charge
has been brought down from 390/0 as the number of rooms that were in Trading has come down from 41 to 20.
Birmin
Birmingham's performance was below average as well. Occupancy peaked at 72.54'A. Income al £168,349.58
decreased by 10.36010 year on year. Expenses at £184,684.02 went up by 18.7301•. Birmingham incurred a defiGIt
of £16,344.44.
Consolldat d Financial Review
The YMCA is reliant on income from accommodation, catering and hall hire. The total income was £2,743,632.59
a decrease of 1.01 /0 compared to the previous year. Expenses at £2,771,059.31 went up by 10.44°/o. Our
operating surplus peaked at £165,301.94. But with depreciation, there was a deficit of £27,427. The graph
below shows our income & expenses over the past 3 years..
DLse to higher operating costs, the Board decided to increase the student & trainee rent by 8'/o & Transit by 24 /a
as an average. The new prices are still in line or lower than similar hostelslhotels in the Central London area.
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 monitor whether the level of income is sufficient to meet our operational costs and ensur@
we continue lo adapt our strategic policy to meet this.
Page 3

YMCA INDIAN STUDENT HOSTEL
{A Company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Cop,solidaied Income & Expense
[25￿1 Il()IiTr)
f2.,)il,,,)￿IO
111
Years
Future developments
London: The Board of Trustees decided to undertake the refurbishment of the rooms & replace all the student
furniture in the hostel.
Birmlngham: We have received planning permission for the Centenary Project al Birmingham & are currently in
discussions with Chartered Surveyors towards appointing them as Employers Agents and Working towards going
lo tender.
Reserves Policy
As of March 2025, we had a cash reseNe of £1,595,264.14
"The Trustees have pass8d a resolution to maintain £500,000 as a reserve fund for emergencies. Another
£500,000 will be kept aside and allocated by the Board of Trustees based on the needs and demands of the
organisation.
Any funds over and above £1,000,000 will be kept aside for expansion projects of the charity in the UK."
Page 4

YMCA INDIAN STUDENT HOSTEL
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Management Risk
The Charity and members have considered the major risks lo which the Charity is exposed and have reviewed
the risks and established systems and procedures to manage and mitigate these risks. The principal risks included
the risk of a fall in average occupancy of the hostels and the risk of increased costs.
Occupancy - This continues to be a major risk. Our strategy is fluid and depends on current demand. This
way we ensure our occupancy is kept al the highest possible level.
Recruitment- We are actively trying to recruit Indian Chefs as a few of our staff are reaching relirement age
bul are finding it qL*ite challenging.
Overall slate of the building in Birmingham. The building is in urgent need of Refurbishment and we will be
non-compliant to many current regulations including fire regulations.
The Fire doors in the corridors in London are non-complianl to the current fire legislation. This needs to be
addressed immediately,
The Mansafe systems have failed and new guard rails need to be installed to be compliant lo the current
legislation.
Electrical wiring across the building London is in a dire state and this needs to be replaced urgently.
Board of Trustees
The Board of Trustees met four time in April 24, August 24, November 24 & March 25.
Day to day management of the hostel is delegated lo the General SecretarylCEO. The setting of pay of the key
management personnel is managed by the Board of Trustees, following reviews of staff and with consideration to
charity benchmarks. The CEO and the Board of Trustee5 comprise the Key management personnel ofthe charity.
Thlrd Party Indemnity Provislons
The Charity maintains a Trustees, Indemnity Insurance Policy, which covers the Trustees against certain liability
claims.
Dlsclosure 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 stapes that they ought to have taken to make
themselves aware if any felevant audit information and to establish that the auditor is aware of that
information.
Auditors
A resolution to reappoint MHA as independent auditor will be proposed at the next Annual General Meeling.
Small companies note
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2006.
This report was approved and authorised for issue by the Trustees and signed on its behalf by..
Mr Vincent
Chairman
eorge
Date. O
Page 5

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees {who are also the Directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the 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 slalements, the
Trustees are required to..
select suitable accounting policies and then apply them consistently,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting eslimales that are reasonable and prudent,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records Ihal are sufficient to show and explain
the Group and the Charity's transaction5 and disclose with reasonable accuracy al any lime the financial
position of the Group and the Charity and enable them lo ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the Members of the Board of Trustees and signed on its behalf by
Mr Vincent George
Chairman
Page 6

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
Opinion
We have audited the financial statements of YMCA Indian Student Hostel (the 'parent charitable company,) and
ils subsidiaries Ilhe 'group'l for the year ended 31 March 2025 which comprise the Consolidated Statement of
Financial Aclivilies, 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 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 Praclicel.
In our opinion the financial statem8nls'.
give a true and fair view of the state of the Group's and of the parenl charitable company's affairs as at 31
March 2025 and of the Group's incoming resources and application of resources, including its income
and expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
8asls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK} {ISAs IUK}} and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the
ethical requiremenls that are relevant to our audit of the financial statements in the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
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 appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of at least ￿e1ve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees wilh respect to going concern are described in the
relevant sections of this report.
Page 7

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
Other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does nol cover the other information and,
except lo the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so, Consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the Course
of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misslalemenl in the financial statements 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.
Matters on which we are requlred to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, Report is inconsistent in any material respect with the financial
statements., or
the parent charitable company has nol kept sufficient accounting records.. or
the parent charitable company financial statements are not in agreement with the accounting records and
returns., or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees, Responsibilities, the Trustees (who are also the Directors
of the charitable company for the purposes of company lawl are responsible for the preparation of the financial
Statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidale the
Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 8

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
Auditors, responsibilities for the audit of the financlal statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below.
Obtaining an understanding of the legal and regulatory frameworks that the entity operates in, focusing on
those laws and regulations that had a direct effect on the financial statements.,
Enquiry of management and those charged with governance to identify any instances of known or
suspected instances of fraud.,
Enquiry of management and those charged with governance around actual and potential litigation and
claims,,
Enquiry of management about any instances of non-compliance with laws and regulations.,
Reviewing the design and implementation of control systems in place,
Testing the operational effectiveness of identified controls.,
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness.,
Evaluating the business rationale of significant transactions outside the normal course of business.,
Reviewing accounting estimates for bias,
Reviewing minutes of meetings of those charged with governance.,
Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance
with applicable laws and regulations.
Because of the inherent limitations of an audil, there is a risk that we will not detect all irregularilies, including
Ihose leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statement5, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresenlation.
A further description of our responsibilities for the audil of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Page 9

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF YMCA INDIAN STUDENT HOSTEL
ICONTINUEDI
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate
to the charitable company's members those matters we are required to state to them in an Auditors, Report and
for no other purpose. To the fullest extent permitted by law, we do nol accept or assume responsibility lo
anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for
the opinions we have formed.
Stuart McKay BSC FCA DChA {S8nior Statutory Auditor)
for and on behalf of
MHA
London, United Kingdom
MHA are eligible to act as auditors in temis of section 1212 of the Companies Act 2006.
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales
Iregislered number OC4555421.
Page 10

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee}
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
202S
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and grants
Charitable activities
other trading activities.
Fundraising
Trading activities
Investments
2,120
1,346,895
2,120
1,346,895
2, 631
1, 191,201
4,700
1,360,589
29,328
4,700
1,360,589
29,328
4,697
1, 560, 008
24,420
Total Income
2,743,632
2,743,632
2, 782,957
Expendlture on:
Trading operations
Charitable activities
204,838
2,566,221
204,838
2,566,221
203,716
2,305,457
10
Total expendlture
2,771,059
2,771,059
2, 509, 173
Net movement In funds
(27,4271
(27,4271
273, 784
Reconciliatlon of funds:
Total funds brought forward
Nel movement in funds
4,496,100
(27,4271
4,496,100
{27,427)
4,222,316
273, 784
Total funds carried forward
4,468,673
4,468,673
4,496, 100
The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 15 10 32 form part of these financial stalemenls.
Page11

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
REGISTERED NUMBER: 08684425
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
202S
2025
2024
2024
Note
Fixed assets
Tangible a55ets
15
3,132,154
3, 286, 952
3,132,154
3, 286, 952
Current assets
Stocks
Debtors.. Amounts falling due within one year
Cash at bank and in hand
2,632
233,773
1,595,264
2, 768
139, 909
1,461,520
17
1,831,669
1,604, 197
Current liablllties
Creditors.. Amounts falling due within one
year
18
{495,1501
(395, 049)
Net current assets
1,336,519
1,209, 748
Total net assets
4,468,673
4,496, 100
Group funds
Unrestricted funds
19
4,468,673
4,496, 100
Total funds
4,468,673
4,496, too
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wilh the provisions applicable to entilies subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr Vincent George
Chairman
Date. 06 _- 11 -
The notes on pages 15 10 32 form part of these financial statements.
Page 12

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
REGISTERED NUMBER: 08684425
CHARITY BALANCE SHEET
AS AT 31 MARCH 2025
2025
2025
2024
2024
Note
Fixed assets
Tangible assets
Investments
3,132,154
3, 286, 952
16
3,132,155
3,286,953
Current assets
Stocks
Debtors., Amounts falling due within one year
Cash at bank and in hand
2,632
907,281
800,804
2. 768
927,414
591,586
17
1,710,717
1,521, 768
Current liabilities
Creditors.. Amounts falling due within one
year
18
(374,199)
(312,621)
Net current assets
1,336,518
1,209, 147
Total net assets
4,468,673
4,496, 100
Charlty funds
Unrestricted funds
4,468,673
4,496, 100
Total funds
4,468,673
4,496, IL
The Charity's net movement in funds for the year was £{27,427) (2024 - £273, T84).
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wilh the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr Vincent George
Chairman
Dale..
The notes on pages 15 to 32 form part of these financial statements.
Page13

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operating activities
Net cash used in operating activities
21
142,347
238, 561
Cash flows from Investlng activities
Interest income
Purchase of tangible fixed assets
Transfers of fixed assets
29,328
24,420
{97.1761 (176,893)
59,245
15
Net cash used In Investlng activities
18,6031 {152,473)
Change In cash and cash equivalents In the year
Cash and cash equivalents at the beginning of the year
133,744
86,088
1,461,520
1,375,432
Cash and cash equivalents at the end of the year
22
1,59S,264
1,461,520
The notes on pages 1510 32 form part of these financial statemenls
Page 14

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
G8neral information
YMCA Indian Student Hostel is a charitable company limited by guarantee and is registered with the
Registrar of Companies (Company Registered Number.. 08684425) and the Charity Commission (Charity
Registered Number.. 11542461 in England and Wales.
In the event of the Group being wound up, the liability in respect of the guarantee is limited to £1 per
member of the Group.
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 hostel accommodation and the
advancement of learning through training.
Accounting policles
2.1 Basis of preparation of flnanclal ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102)
Accounting and Reporting by Charities. Statement of Recommended Practice applicable to Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 1021, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) and the Companies Act 2006.
YMCA Indian Student Hostel meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless othemise
slated in the relevant accounting poli¢y.The financial statements are prepared in sterling which is the
functional and presentational currency of the Group and are rounded to the nearest pound.
The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance 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 under section 408 of the Companies Act
2006 and has not presented ils own Statement of Financial Activities in these financial statements.
2.2 Going concern
The Trustees have assessed the use of going concern and have considered possible events or
conditions that might cast significant doubt on the ability of the Group to continue as a going
concern. The Trustees have made this assessment for a period of at least one year from the date of
the approval of these financial statements. The Trustees have concluded that there is a reasonable
expectation that the Group has adequate resources to continue in operational existence for the
foreseeable future. The Group therefore continues to adopt the going concern basis in preparing
these financial statements, and is not aware of any material uncertainties over its ability to continue
as a going concern.
The Trustees are not aware of any posl balance sheet events which would have a material impact
on these financial statements.
Page15

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {continuedl
2.3 Income
All income is recognised once the Charity has entillement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, enlitlemenl is taken as the earlier of the date on which either.. the charity is aware that
probate has been granted, the estate has been finalised and notification has been made by the
executorls} to 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 only considered probable when the amount can be
measured reliably and the charity has been notified of the executor's intention to make a dislribulion.
Where legacies have been notified to the charity, or the charity is aware of the granting of probate,
and the criteria for income recognition have not been met, then the legacy is trealed as a contingent
asset and disclosed if material.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distributed lo the projects. Gifts donated for re58le are included as income when they are sold.
Donated facilities are included at the value lo the charity where this can be quantified and a third
party is bearing the cost. No amounts are included in the financial statements for seNices donated
by volunteers.
Donated Services or facilities are recognised when the charity has control over the item, any
conditions associated with the donated item have been mel, the receipt 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 IFRS 102}, the general volunteer lime of the Friends is not
recognised and refer lo the Trustees, report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay lo
obtain services or facilities of equivalent economic benefit on the open market,, a corresponding
amount is then recognised in expendilure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Renderlng of services
Revenue from a contract to provide setvices is recognised in the period in which the seNices are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied.
the amount of revenue can be measured reliably,
it is probable that the Company will receive the consideration due under the contra¢l',
the stage of Completion of the contract at the end of the reporting period can be measured
reliably., and
the costs incurred and the costs to Complete the contract can be measured reliably.
Page 16

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party. it is probable that a Iransfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute lo more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset'5 use.
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 Government grants
Government grants relating to tangible fixed assels are treated as deferred income and released lo
the Consolidated Statement of Financial Activities upon the completion of the relevant performance-
relatect conditions. Other grants that are not subject to performance-relaled conditions are credited
to the Consolidated Statement of Financial Activities as the grant proceeds are received. Grants
received prior to the revenue recognition criteria being satisfied are recognised as a liability.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount Can be measured
reliably by the Group.. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreclatlon
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured al cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less Iheir residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases-.
Freehold property
Freehold land
Plant and machinery
Fixtures and fittings
2 % straight line
Not depreciated
200/0 Straight line
200/0 Straight line
Page 17

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles (continued}
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. I nveslment
gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl
on investments, in the Consolidated Statement of Financial Activities.
Investments in subsidiarie5 are valued at cost less provision for impairment.
2.9 Stocks
Stocks are valued at the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
2.10 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.11 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
malurily of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.12 Liabilities and provisions
Liabilities are recognised when Ihere is an obligation al the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be eslimaled reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount it has received as advanced payments for the goods or seNices it must provide.
Provisions are measured at the best estimate of the amounls required lo settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a
finance cost.
2.13 Financial instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
Page 18

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued}
2.14 Pensions
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect ofthe year.
2.15 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions 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 restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Critlcal accountlng estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions,
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Depreciation rates for tangible fixed assets.
Page 19

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and grants
Unrestricted
funds
2025
Total
funds
2025
Donations
2,120
2,120
Unrestricted
funds
2024
Total
funds
2024
Donations
2,631
2,631
Fundraising income
Unrestricted
funds
2025
Total
funds
2025
Other fundraising income
39,488
39,488
Unrestricted
funds
2024
Total
funds
2024
Other fundraising income
4,697
4,697
Page 20

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trading activities
YMCA Indian Student Hostel has a wholly owned Irading subsidiary, YMCA ISH Trading 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 of the parent
Charity. A summary of the trading results is shown below. Audited accounts for YMCA ISH Trading
Limited will be filed with the Registrar of Companies.
2025
2024
YMCA ISH Tradlng Limited
Turnover
Cost of sales
1,360,589
1, 560, 008
{494,9581 (885, 555)
Gross profit
Administrative costs
865,631
674,453
{254,4771 (203. 716)
Profit on ordinary activities
Distribution donation to parent company
611,154
470, 737
{611,1541 (470, 737)
Retained in the subsldiary
The consolidated Statement of Financial Activities includes 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
2025 was £611,154 - £470, 737)
Investment income
Unrestrlcted
funds
2025
Total
funds
2025
Interest income
29,328
29,328
Unrestricted
funds
2024
Total
funds
2024
Interest income
24, 420
24. 420
Page 21

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Room rent
1.325,522
6,832
14,541
1,325,522
6,832
14,541
Meals
Membership fees
Internet income
1,346,895
1,346,895
Unrestricted
funds
2024
Total
funds
2024
Room rent
Meals
Membership fees
Internet income
1, 770,906
5,247
14,405
643
1, 170,906
5,247
14,405
643
1, 191,201
1, 191,201
Page 22

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds
Unrestricted
funds
2025
Total
funds
2025
Expenditure on trading operations
204,838
204,838
Unrestricted
funds
2024
Total
funds
2024
Expenditure on trading operations
203, 716
203, 716
Page 23

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure on charitable activ•ties - by fund
Summary by fund type
Unrestricted
funds
2025
Total
2025
Room rent
Meals
Support costs
1,379,722
950,830
235,669
1,379,722
950.830
235,669
2,566,221
2,566,221
Unrestricted
funds
2024
Total
2024
Room rent
Meals
Support costs
1, 239, 523
854,272
211,722
1, 239,523
854,212
211,722
2,305,457
2,305,457
Page 24

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Analysis of expenditure on charitable activities - by type
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Room rent
Meals
1,379,722
950,830
1,379,722
950,830
235,669
Support costs
235,669
2,330,552
235,669
2,566,221
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Room rent
Meals
Support costs
1, 239, 523
854,212
1. 239, 523
854,212
211,722
211, 722
2,093, 735
211, 722
2,305,457
Analysis of support costs
Total
funds
2025
Total
funds
2024
Staff costs
Depreciation
Governance costs
Others
71,162
31,961
43,167
89,379
63,931
28, 713
38,654
80,424
235,669
211,722
Page 25

YMCA INDIAN STUDENT HOSTEL
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Governance costs
2025
2024
Auditors, remuneration Audit of the financial statements (charity only}
Auditors, remuneration Accounts preparation Icharily only}
Auditors, remuneration - Over-accrual in prior year (charity only)
Trustees expenses
11,500
3,400
10,950
3,300
28,267
24,404
43,167
38, 654
The audit fee of the subsidiary company of £5,600 (2024 - £5,500), the accounts preparation fee of
£1,700 (2024 - £1,650) and corporation tax services of £1,700 (2024 £1,600) are included in the
administrative costs of YMCA ISH Trading Limited totalling £243,885 (2024 - £203,718) {Nole 6).
13.
Staff costs
Group
2025
Group
2024
Charity
2025
Charity
2024
Wages and salaries
Social security costs
Pension costs
942,236
104,186
47,293
954,397
88,119
25, 752
868,084
98,259
46,180
894, 666
83,642
24,942
1,093,715
1.068,268
1,012,523
t, 003, 250
The average number of persons employed by the Charity during the year was as follows..
Group
2025
No.
Group
2024
Charity
2025
Charity
2024
No.
Direct charitable
Management and administration
33
30
29
27
39
37
35
34
No employee received remuneration amounting to more than £60,000 in either year.
Key Management Personnel are considered to be the Truslees and the General Secretaries. The total
remuneration for Key Management Personnel was £117,415 (2024 - £44,592J
Page 26

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, travel expenses totalling £28,267 were reimbursed or paid directly
to 8 Trustees (2024 - £24,404 to 6 TnJste8s).
15. Tangible fixed assets
Group and Charity
Assets
Plant and Flxtures and
under
machinery
fittings construction
Freehold
property
Total
Cost or valuation
At 1 April 2024
Additions
Transfers
3,098,213
336,485
85,601
17,851
7,600
55,270
3,975
(59,2451
3,507,819
97,176
(59,245)
At 31 March 2025
3,098,213
422,086
25,451
3,545,750
Depreciation
At 1 April 2024
Charge for the year
92,715
92,715
120,362
95,141
7,790
4,873
220,867
192,729
At 31 March 2025
185,430
215,503
12,663
413,596
Net book value
At 31 March 2025
2,912,783
206,583
12,788
3,132,154
At 31 March 2024
3, 005, 498
276, 123
10,061
55,270
3, 286, 952
A transfer out of assets under construction has been made as this figure relates to the development
stages of an asset before any planning permission has been obtained, it is therefore prudent to include
these costs within prepayments until planning permission has been obtained.
Page 27

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.
Fixed asset investments
Investments
in
subsidiary
companies
Charity
Cost or valuatlon
At 1 April 2024
At 31 March 2025
The company has one share in its subsidiary company, YMCA ISH Trading Limited. YMCA ISH Trading
Limited carries out the non-charitable activities of the group. Details of YMCA ISH Trading Limit8d are in
Note 6.
17. Debtors
Group
202S
Group
2024
Charlty
2025
Charity
2024
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
16,056
34, 858
13,832
726,364
31,705
135,380
835, 326
19,909
197,808
495
104, 556
92,088
233.773
139, 909
907,281
927,414
Page 28

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18.
Creditors: Amounts falling due within one year
Group
2025
Group
2024
Charity
2025
Charity
2024
Bank overdrafts
Trade creditors
Other taxation and social security
other creditors
Accruals and deferred income
6,278
195.963
12,686
14,017
166, 105
6,278
177, 142
12,686
13, f53
109, 362
193,703
47,886
83,668
169,893
131,139
45,767
36,921
160,372
495,150
395, 049
374,199
312,621
Group
2025
Group
2024
Charity
2025
Charily
2024
Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods
112,011
105,751
{112,0111
134,510
112,077
(t34,510)
67,370
105,751
{67,370)
78,438
67,370
(78. 438)
105,751
112,0lt
105,751
67,370
Deferred income relates to payments received during the year for bookings after the year end.
Page 29

YMCA INDIAN STUDENT HOSTEL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19.
Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General Fund
4,496,100
2,743,632 12,771,059)
4,468,673
Statement of funds - prlor year
8alance 81
31 March
2024
Balance at
l April 2023
Income Expenditure
Unrestrlcted funds
General Fund
4,222,316
2, 782, 957 (2, 509, 173) 4, 496,100
20. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
3,132,154
1,831,669
1495,150)
3,132,154
1,831,669
(495,1501
Total
4,468,673
4,468,673
Page 30

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20. Analysls of net assets between funds Icontinuedl
Analysis of net assets between funds - prior year
Unrestrictod
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
3,286,952
1,604, 197
(395, 049)
3, 286, 952
1,604, 197
(395, 049)
Total
4,496, 100
4.496, 100
21.
Reconciliation of net movement In funds to net cash flow from operatlng activities
Group
2025
Gmup
2024
Net incomelexpendilure for the year {as per Statement of Financial
Activities)
127,427)
273, 784
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease in stocks
Increase in debtors
Increaselldecreasel in Creditors
15
192,729
129,328
136
(93,8641
100,101
220, 867
(24, 420)
302
(677)
(231,295J
17
18
Net cash provided by operating activitles
142,347
238,561
22. Analysis of cash and cash equivalents
Group
2025
Group
2024
Cash in hand
1,595,264
1,467,520
Total cash and cash equivalents
1,595,264
1,461,520
Page 31

YMCA INDIAN STUDENT HOSTEL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23. Analysis of changès in net debt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Bank overdrafts repayable on demand
1,461,520
16,2781
133,744
6,278
1,595,264
1,455,242
140,022
1,595,264
24.
Penslon commitments
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 amounted to £47,293 (2024 £25, 752).
Contributions totalling £6.877 (2024 - £NIL) were payable to the fund at the year end.
25. Related party transactions
There were no related party transactions in either year, other than the Key Management Personnel
remuneration, as detailed in Note 13.
Page 32

The YMCA Indlan Student Hostel
5ummarti•d Accounti
Forth*Y•*rErtd•4 $1 March 2025
Trndlnu
Gr•up
102
Tradlng
2024
Ghadty
tsroup
2024
2025
Inc￿M￿nI r•$*ur¢
R¢om ront
637,079
438.179
1.325.522
6.032
1.982 801
D8.538
405.271
2.OT9.442
5.247
14.405
qThbpr5fisp f*¢5
15.409
2Y8.42
29.328
278,820
232.522
232.522
24.420
Inv•slrndnl In¢om•
29.32a
24.420
h&fin¢¢mè
GOv•mm•nigroThti rnc•JvablD
Toiil In¢omlng r•BourG•*
4.700
11.0fr4
5.340
1.31Q,55g
2.743 832
1,222,M8
2.782.957
¢o¥&ofgon•r4linq fun46
¢h•rrt&blE 4ctivrtits
Gtsvom8n¢• ¢08l¥
Tctil r4lOur¢•* •xp•n4•d
204.838
2.S23 054
203.71$
2OJ.716
2.2fj6.8D3
J8.854
2.￿9,?75
2.523 Q54
2,288.803
31,654
2.305.457
04.8
N•t l*l¢OMlrtguouwolng1 r•iourt•i lorth•
y•4( If0 n•t moy•m•nt In fund•
27.427
4.49S.100
4 489.672
273.794
4.222.316
4.496.100
Funo b4lRn¢q* tt•rn•tsfor*410
Tlkdinu
Z02$
Qtoup
7025
Tr•&lnq
2024
C￿T
2D14
Sroup
2•24
LANce $MEET
2015
3,286.9fj2
¢urr•nt411•ti
stDtk
biori
C4th ¥1 In hand
2,032
23J.TTJ
2.780
1.461.520
4.803 123
Mdhorn.. Am&urtii l•lllni du• *lthlh on• >wr
1395.019)
4 468.67J
4.4W.IQQ
¢Fqdhort.. lilllng du• aft•ron•wr
T•t•l lun4
4.4ee.67J
4.4M.100
Th• si•ièm•ni ofiffl4ncl41 I￿1￿￿141($0FA￿ 8ii•nU bh￿ConSE1￿1I• th• nninEi41 ￿￿*M•rrtI ollnl ¢QrnPlny *na111 •ublldMry ￿n#*rt1￿￿. Thb I•￿ttl orth• i¥b¥ldl4ry ii•¢onwI￿lt•o 9
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Th•M 4ctQunis iro noi In• statulory i¢eourt• trut •r• i iufflffj4ry OTInTOml￿ion •irw•d frarn lh• 4nfftu￿ I￿OU￿1•WIl￿n ttlv• bd•n iJdii•d. •pprcwd en...............................
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