YMCA INDIAN STUDENT HOSTEL
THE MAIN ACTIVITY OF THE CHARITY IS TO PROVIDE A HOSTEL FOR STUDENTS WHO HAVE COME TO UK TO PURSUE THEIR STUDIES.
Objects
FOR THE PUBLIC BENEFIT TO PROMOTE THE PHYSICAL, INTELLECTUAL AND SPIRITUAL FITNESS, TRAINING AND WELL BEING OF STUDENTS, IN PARTICULAR BUT NOT LIMITED TO, STUDENTS OF INDIAN NATIONALITY, RESIDENT FOR THE TIME BEING IN THE UNITED KINGDOM AND FOR THE ADVANCEMENT OF THEIR EDUCATION BY THE PROVISION OF A HOSTEL OR RESIDENTIAL ACCOMMODATION THEREFOR.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £27,427 for the year ended 31 March 2025, driven by higher operating costs and lower occupancy levels compared to the previous year. Despite the deficit, the charity holds unrestricted reserves of £4,468,673, which significantly exceed its stated policy target of £1,000,000. The auditors confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Trustees have passed 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 6
“YMCA Indian Student Hostel has a wholly owned trading subsidiary, YMCA ISH Trading Limited, Company number 08818308 which is incorporated in England and Wales, and operates the trading activities of the Charity.” — page 23
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Kurian Josephchair
- Akil George Eapen
- Dr Meghna Deborah Scott
- Dr Moses Rajamani Mani
- Eldo Nedumthallil Varghese
- George Vincent
- Jestin Kottukappilil George
- Suvi Kuruvilla
- Thomas Kaipuzhakunnil Varkey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.7m | £2.8m |
| 31/03/2024 | £2.8m | £2.5m |
| 31/03/2023 | £2.6m | £2.2m |
| 31/03/2022 | £1.6m | £1.8m |
| 31/03/2021 | £894k | £1.5m |
Common questions
Is YMCA INDIAN STUDENT HOSTEL financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £27,427 for the year ended 31 March 2025, driven by higher operating costs and lower occupancy levels compared to the previous year. Despite the deficit, the charity holds unrestricted reserves of £4,468,673, which significantly exceed its stated policy target of £1,000,000. The auditors confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by MHA.