Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **Charity registration number 1205443 (England and Wales)** 

## **INDIA YOUTH FUND UK** 

**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE PERIOD ENDED 5 APRIL 2025** 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Trustees** J Elliott S Georgala P Sekhsaria C Molyneux **Charity registration** England and Wales **Registered office/Principal address** 2nd Floor 110 Wigmore Street London W1U 3RW **Website** Indiayouth fund.org.uk **Independent examiner** D Patel FCCA Gerald Edelman LLP 73 Cornhill London EC3V 3PP **Bankers** Metro Bank One Southampton Row London WC1B 5HA 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Statement of Trustees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 11|





Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **TRUSTEES' REPORT** 

## _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

The Trustees present their annual report and financial statements for the period ended 5 April 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2019). 

## **Objectives and activities** 

The aims and objects of the charity are the advancement and support of youths aged 12 to 17 in the slums of India. The charity aims to assist and improve the lives of these young people by providing or assisting in the provision of physical, educational and other programmes which develop their skills and capabilities for a brighter future. 

Between the ages of 12 and 17, slum youth abandon school to take up unskilled jobs to support the meagre family income. This perpetuates a cycle of poverty into the next generation.The charity aims to engage students at risk of dropping out through after-school programs, which inspire them to stay in school and work towards a better future. 

## _Public benefit_ 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. 

## **Achievements and performance** 

India Youth Fund hosted its first Diwali Gala on Thursday 9th November at the Lansdowne Members Club in Mayfair, raising £26,050 through the charity casino and silent auction. This event marked the charity’s official launch in the UK. 

In 2024, India Youth Fund hosted two flagship fundraising events. The first, the Hope Gala, held on 28 March at the Mandarin Oriental and hosted by Alia Bhatt as part of the “I’m a Fan” campaign, raised £172,852 through a silent auction and donations in support of our India partner, the Salaam Bombay Foundation. 

The second, the Diwali Gala, held on 30 October at the London Marriott Grosvenor Square, generated an additional £36,650 through a charity casino, silent auction, and donations. Together, these events demonstrated strong donor engagement and a growing commitment to advancing India Youth Fund’s mission. 

In the same period, India Youth Fund made two grants to Salaam Bombay Foundation: £50,000 on 6 August 2024 and £50,000 on 30 December 2024. 

## **Financial review** 

The net income for the period was £131,794 

The total income received was £487,458 consisting mainly of donations made following fundraising events held. 

Total expenditure amounted to £355,664 which consisted of charitable expenditure of £108,250  and fundraising costs of £247,414. The charitable expenditure included grants of £100,000 and governance costs of £8,250. For breakdown of fundraising costs se note 4. 

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Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **TRUSTEES' REPORT  (CONTINUED)** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## _Going concern_ 

Having reviewed the charity's financial forecast and expected future cash flows , the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements. 

Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements for the year ended 5 April 2025. Further details regarding adoption of the going concern basis can be found in note 1.3 to the financial statements. 

## _Reserves policy_ 

The Trustees consider that reserves should be maintained at their existing level of £131,794 to finance their ongoing commitments at their current level on an ongoing annual basis. 

## **Structure, governance and management** 

The charity is a charitable incorporated organisation governed by a constitution dated 26 October 2023. 

The Trustees who served during the period and up to the date of signature of the financial statements were: 

J Elliott Appointed 26 October 2023 S Georgala Appointed 10 March 2025 P Sekhsaria Appointed 26 October 2023 C Molyneux Appointed 26 October 2023 

## _Recruitment and appointment of trustees_ 

The Trustees as a body have the power to appoint new trustees at their discretion. 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. 

## _Other matters_ 

The charity is administered on a day to day basis by the Trustees who regularly hold informal meetings to discuss ongoing issues arising. All Trustees give freely of their time and no remuneration or benefits are paid to them. 

The Trustees' report was approved by the Board of Trustees. 

C Molyneux 

## **Trustee** 

5 February 2026 

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Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

The Trustees 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 Practice). 

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 

In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INDIA YOUTH FUND UK** 

I report to the  Trustees on my examination of the financial statements of India Youth Fund UK (the charity) for the period ended 5 April 2025. 

## **Responsibilities and basis of report** 

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. 

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. 

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

- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 


D Patel FCCA 5 February 2026 Gerald Edelman LLP 73 Cornhill London 

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Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

|||**Unrestricted**|
|---|---|---|
|||**funds**|
|||**2025**|
||**Notes**|**£**|
|**Income from:**|||
|Donations and legacies|**3**|487,458|
|**Total income**||487,458|
|**Expenditure on:**|||
|Raising funds|**4**|247,414|
|Charitable activities|**5**|108,250|
|**Total expenditure**||355,664|
|**Net income and movement in funds**||131,794|
|**Reconciliation of funds:**|||
|Fund balances at 26 October 2023||-|
|**Fund balances at 5 April 2025**||131,794|



The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. 

- 5 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **BALANCE SHEET** 

## _**AS AT 5 APRIL 2025**_ 

|**Notes**<br>**Current assets**<br>Debtors<br>**11**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within one year**<br>**12**<br>**Net current assets**<br>**The funds of the charity**<br>Unrestricted funds<br>The financial statements were approved by the Trustees on 5 February 2026<br>C Molyneux<br>**Trustee**|**2025**<br>**£**<br>688<br>134,706<br>135,394<br>(3,600)|**£**<br>131,794|
|---|---|---|
|||131,794|
|||131,794|
||||



- 6 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## **1 Accounting policies** 

## **Charity information** 

India Youth Fund UK is a Charitable Incorporated Organisation incorporated in England and Wales. The registered office is 2nd Floor,110 Wigmore Street, London W1U 3RW. 

## 1.1 **Reporting period** 

These are the first financial statements for the charity and cover the period from 26 October 2023 (date of charity registration] to 5 April 2025. 

## **1.2 Basis of preparation** 

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102. 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.3 Going concern** 

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.4 Charitable funds** 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 

## **1.5 Income** 

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

- 7 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## **1 Accounting policies** 

**(Continued)** 

## **1.6 Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Any irrecoverable VAT is charged against the expenditure heading to which it relates. 

Fundraising costs are represented by the costs incurred in staging events to provide income from potential donors. 

Charitable expenditure includes grants payable and support costs which include governance costs represented by independent examination and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations. 

Grants payable are payments made to third parties in the furtherance of the charitable activities of the charity. Grants are recognised in the accounts when paid or when the Trustees have agreed to pay the grant without condition. At the end of each year a review is carried out in respect of future charitable commitments to be made and a note to the accounts in included in respect of the total commitments. 

## **1.7 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.8 Financial instruments** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

- 8 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## **1 Accounting policies** 

## **(Continued)** 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 

## **2 Critical accounting estimates and judgements** 

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## **3 Income from donations and legacies** 

||**Total**|
|---|---|
||**2025**|
||**£**|
|Donations and gifts|487,458|



## **4 Expenditure on raising funds** 

|**Fundraising and publicity**<br>Staging fundraising events|**2025**<br>**£**<br>247,414|
|---|---|
||247,414|



- 9 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## **5 Expenditure on charitable activities** 

|**Direct costs**<br>Grant funding of activities (see note 6)<br>**Support and governance costs**<br>Support<br>Governance<br>**Analysis by fund**<br>Unrestricted funds<br>**6**<br>**Grants payable**<br>Salaam Bombay Foundation<br>-<br>**7**<br>**Net movement in funds**<br>The net movement in funds is stated after charging:<br>Fees payable for the independent examination of the charity's financial statements|**2025**<br>**£**<br>100,000<br>50<br>8,200|
|---|---|
||108,250|
||108,250|
||**2025**<br>**£**<br>100,000|
||**2025**<br>**£**<br>3,600|



## **8 Trustees** 

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period. There were no expenses paid to the Trustees in the year. 

## **9 Employees** 

There were no employees during the year. 

## **10 Taxation** 

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 

## **11 Debtors** 

|**Debtors**||
|---|---|
||**2025**|
|**Amounts falling due within one year:**|**£**|
|Other debtors|688|



- 10 - 



Docusign Envelope ID: 6B88FD2C-8063-436E-A19B-3BAF38B2192F 

## **INDIA YOUTH FUND UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 5 APRIL 2025**_ 

## **12 Creditors: amounts falling due within one year** 

|**Creditors: amounts falling due within one year**||
|---|---|
||**2025**|
||**£**|
|Accruals and deferred income|3,600|



## **13 Related party transactions** 

The sum of £38,415 was received in the period from India Youth Fund US (a connected charity). 

Donations totalling £216,498 were made in the period by Madhurima Limited a company connected with the Trustees. 

Donations were made by the Trustees personally in the period totalling £36,870. 

## **14 Comparatives** 

As this was the first reporting period no comparatives were included in the accounts. 

## **15 APB Ethical Standard relevant circumstances** 

In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts. 

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