SCOTTISH YOUTH HOSTELS ASSOCIATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Henderson Loggie LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' (who are also the directors of the charitable company for the purpose of company law) 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 and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SCOTTISH YOUTH HOSTELS ASSOCIATION · parent
   1. SYHA (Trading) Ltd. 100% · Scotland · provision of coffee shops, conferencing facilities and student residence management.

Significant events

• “Aim for a surplus of £1M Achieved. With surplus of £1.4M”
• “Early repayment of CBILS borrowing by August 2024. Achieved. Settled in August 2024.”
• “Re-opening of Braemar Youth Hostel following a closure period of 2 years Achieved. Completed successfully with the Hostel re-opened at the beginning of July 2024.”
• “Upgrade of facilities at Rowardennan Youth Hostel Achieved. With the hostel having re-opened on 1st June 2024.”
• “2024-25, the second of the 3-year Recovery Strategy was an exciting and successful year. We operated 29 Hostels welcoming 332,977 guests, 5% ahead of 2023-24. ... We are proud to have achieved an overall guest feedback rating of 92%.”
• “£2.7M was re-invested into the network during the year which included the projects at Rowardennan and Braemar Youth Hostels along with significant upgrades to washrooms in Kirkwall Youth Hostel and boiler replacement in Torridon Youth Hostel. We also commenced development of a new website which we plan to launch in early 2026 as part of our 95th Anniversary celebrations.”
• “We welcomed four new Trustees to the Board during 2024-25. Rhys Stanwix and Campbell Spink were co-opted during the year and having been elected by the membership in the 2024 Board Election, Ondrej Vesely and James Halliwell joined the Board at the end of our AGM on 14th September 2024, with Sophie Bell being successfully voted back onto the Board of Trustees.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +7%

  £9,846,163 → £10,534,232

• Cash

  -5.4%

  £7,149,722 → £6,765,627

• Net assets

  +4.7%

  £14,364,704 → £15,037,964

• Employees

  +8.7%

  161 → 175

• Profit before tax

  -9.2%

  £741,120 → £673,260

• Wages

  +16.6%

  £3,445,731 → £4,017,725

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers