REGISTERED COMPANY NUMBER: 05093332 (England and Wales}
REGISTERED CHARITY NUMBER: 1116774
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
CYMORTH (CYMRU)
MHA
Statutory Auditor
Elfed House
Oak Tree Court
Cardiff Gale Business Park
CARDIFF
County of Cardlff
CF23 8RS

CYMORTH ICYMRU)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
1 to 13
Report of the Indepondent Auditors
14 to 16
Statement of Financial ActKvltles
17
Balance Sheet
18
Notes to tha Flnan¢ial Statements
19 to 27
Detsiled Statement of Financlal Actlvities
28 to 29

CYMORTH (CYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslees who are also dlre¢tors of Ihe charity for the puiposes of the Companies Acl 2006, present their report with the
financial statements of the charity for Ihe year ended 31 March2024. The trustees have adopted the provisions ol
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 Republi¢ of Iieland IFRS 1021 leffeclive 1
January 2019).
OBJECTIVES AND ACTVrfITIES
Objectives and alms
Our vision:
A Wales where everyone ¢an live safely and independently in their own homes. realise thelr aspiralions and thrive in Iheir
ommunities.
Our mission:
Connect. slrenglhen. influence and inspire servi¢e providers, policy makers and partners to:
Prevent homelessness
Support people to live safely and independenlty in their own homes
Enable people to realise their aspirations and thrive in their communities.
Ourvalues:
Compassion and respect: We will demonstrate and promtste Compassion and respect in all aspects of our work.
Independence." We will be politically independent to ensure that we can act with integrity and ft)r the benefit of our
members.
Partnership- We will continue to build effective partnerships across different sectors and policy areas lo achieve the
greatest impact.
Transparency and ac¢ountsbility: We will be open. transparent and honest in all that we do and we will be
accountable to our members for our actions.
Making a difference: Above all. we will strive to ensure thal the work we do, and that of our members, has a positive
impact on people and communities in Wales.
Our objectives:
Influence." We will provide a strong, nalional voice for our members and the people they support. We will campaign
for improvemenis in public perception, policy, legislation and practice to help prevent homelegsness and support
people to live independently in their own homes and communities.
Strengthen: We will support our members to develop their skills. knowledge and expertise 50 they can deliver high
quality, person<entred. psychologically-informed services that have thè greatest possible impact on people's lives.
Conned: We will provide opportunities for our membeTS lo connect with each other, people who use seryices,
government and other decision makers through our evenls. networks and communications.
Sustaln: We will ensure thal Cymorth is financially sustainable and can continue to deliver a high quality service for
oui members. We will use our influence to ensure that high quality housing and support continues to be available for
as long as people need11.
Significant activities
Shaping future services
Influence: We have been at the heart of the work to develop homelessness and housing support policy and
legislation in Wales. while ensuring our members have opportunities to influence it. We have championed the
development of policy, service models and commissioning praelices which are high quality. person-cenlred,
psychologically and trauma informed. evidence based, innovative, collaborative and based on strong values,
compassion and kindness.
Strengthen". We have sha￿d evidence and good practice to support improvements lo services. We have delivered
training and support lo our members to help them lo embed PIE. We have supported the roll-out of evidence-based
interventions su¢h as Housing Firsl to reduce homelessness and rough sleeping.
Connect: Our events and briefings have showcased good practice from g¢ross the VK and Europe and provide an
environment for provide￿. landlords and local 3Uthorities to connect with experts and each other.
Sustaln: We have continued lo campaign and lobby for homelessness and housing-relaled support funding to be
increased, ring-fenced and Protected from cuts.
Page 1

CYMORTH {CYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Worklng with and for our members
Influence: We have lislened lo and valued our members, views and expertise. We have represented their views lo
decision makers, championed their work. and advocated on behalf of them and the people they support.
Strengthen.. We have supported our members 2nd strengthened their Skills and knowledge through our events,
reseaich and tralning. We have also been a critical friend and challenged our members to be the best they can.
Connect: We have ¢onnecled our members with experts and decision makers through our events and
communications. We have run regular networks on key issues SLrch as housing related support, learning disabilities,
and Housing First. We have supported our members in north and west Wales.
Sustain: We have worked hard lo maintain the confidence and support of our members, by delivering a high-quality
seNice that provides value for money.
Experts by Experlence
Influence: We have supported people to have a voice in our events, policy and campaigns work, so that Iheir
experiences help to shape policy. legislation and practice.
Strengthen: We have supported people to develop their skills and eonfidence durrng their involvement and ensured
that they feel valued and empowered.
Connect: We have involved people with lived experience of homelessness and housing related support services in a
variety of ways so that they can connect with decision rnake￿, the media and people who deliver services.
Sustain: We have encouraged our members and partneis lo involve people who have used services in the design
and development of policy and services. locally and nationally, for the long temi.
Partnorship and collaboration
Influence: We have worf<ed with partnets wilhin and outside of the housing and support sector lo strengthen our
calls for changes to policy. legislation or funding.
Strengthen: We have strengthened our links with heatth. social services and justice in order to promote
collaborations with the housing sector.
Conneet: We have worked with our sister organisations across the UK and in Europe and formed strategic
partnerships with organisalion5 who can help us to achieve our objectives.
Sustain: have continued lo work in partnership with partners to reduce our expenditure and deltver value for our
membèrs.
Working with the Welsh Government
Influence: We have developed a positive and constructive relationship with Ministers and officials - bul we have
mainlained our independence and have not been afraid to challenge policy or legislation that will have a negative
impact on the people our members support.
Strengthen: We have worked with, scnjlinised and lobbied the Welsh Govemment to strengthen policy and
legislation so Ft has 8 positive impact on people's lives.
Connect: We have connected our members, prtorities to Welsh Govemment priorities, identifying opportunities lo
influence the national agenda. We have highlighted the positive impact our members have on Wales.
Sustain: We have worked hard to demonstrate our value and Continue lo be viewed as a key and invaluable partner
in the developmenl of policy and practice to end homelessness and svpport people to live independently in Wales.
A strong and sustalnable future
The delivery of this plan Is dependent on Cymorth Cymru being strong and SLfStainable into the future.
Financial sustainability..
We have demonstrated value for money for our members and existing funders.
We have diveisified and sustained income streams where this will help us lo achieve our stralegic objecllves.
We have balan¢ed the need lo diversify income with the need lo maintain our locus and deliver value for our
members.
A strong, effective Board and staff team:
We have recruited high quality people who demonstrate their commitment to our values.
We have ensured our 8oard operates in the spirit of openness and transparency, providlng good support and
Challenge to the staff team.
We have supported people with Iheir mental health and wellbeing and create a positive work environmenl where
people can develop and flourish.
We have promoted equality and diversity al work and in all we do.
Page 2

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Public benefit
Over the last year we have reviewed our strategic aims. objectives and activities lo ensure that OLtr wotk continues lo remain
focused on our charitable purpose of providing advice and support to voluntary and other agencies in promoting the relief of
persons who are In povety, sicknes5 and distress.
Charitsblg activitie$
Influence:
Housing Matters campaign.. During 2023124 we led the campaign for an increase in the Housing Support Grant
{HSG) in the Vvelsh Govemment's budget for 2024125. We collected data from our membeFS about the impact of
previous cuts on services. as well as the likely impact of cuts in the next budget. We shared this with the Welsh
Government and held a roundtable meeting be￿een support providers and senior Welsh Government officials lo
illuslrate the impact on se¥vice5. We also worked with the media lo highlight those issues, securing UK news
coverage. We submitted evidence to the Senedd Finance Committee and Senedd Local Government and
Housing Committee. lo aid their scrutiny of the upcoming budgel. Our evidence featured in comrTFittee reports and
Senedd debates. as well as questions to rrtinislers. The HSG was not increased in the Welsh Governmenl's Draft
Budget for 2024125, but avoided the cuts that some olher departments did. We continued to campaign and
collected d818 on homelessness and housing support worker wages, which showed that the majority of workers
were being paid below the Real Living Wage. We met with the Minister for Climate Change and wrote to the First
Minister, outlining this data, highlighting the Welsh Government's commitment to fair work and the Real Living
Wage, and calling for the HSG to receive additional fLtnding to enable an increase in fronuine staff wages. We also
shared this data with Members of the Senedd and the media. This re$￿Iled in UK news coverage and the issue
being raised during First Minister's Question. ministetial statements and ministerial questions. At the end of
February, the Welsh Governmenl infonned us that the HSG would receive an additional £13m in the final budget
for 2024125. a 7.8% increase. This was an extraordinary result. given the pressures on the Welsh Govemment
budget. Following our representations on frontline worker wages. the Minister inslrucling local authortlies to utilise
this funding to enable support provideFS lo increase pay. We continue lo work with our members. Welsh
Government and local authoritÈes lo ensure il reache5 services.
Legislative reform: Throughout 2023124 we were an active member of the Welsh Governmer¢l's Expert Review
Panel, contributing to a wide range of discussions on legal barriers, temporary accommodation. social housing
allocations. and Ihe role of wider PLFblic services. We have engaged with OLtr member organisations throughout
this process. using our network meetings to collecl their views on the proposals for legislalive change. We also
engaged with fronuine workers through a serres of meetings with the Fronlline Network Wales. This resulted in
Iwo papers for the Expert Review Panel. which outlined frontline workers. views on the changes needed lo ensure
that the housing sector and wider public servi￿$ do all they can to prevent and respond lo homelessnes5. One of
our most significant Contributions to this work was ensuring that people with IDied experience were able to
influence the Expert Review Panel. This is outlined in more detail below, bul we are extremely proud of
engagement with over 300'experts by experience, and Ihe significant impact il had on the Panel's report and
recommendations to the Minister for Climate Change. The Minister adopted the majority of the Panel's
recommendations and these were reftecled in the Welsh Govemment's White Paper on Ending Homelessness,
which was published in October 2023. As part of the consullatioft on the White Paper. we held fvrther
engagement events with frontline workers and our broader membership. We submitted two Tesponses to the
White Paper consullalion.- one from Cymorth and a specific response from the Fronlline Ne￿Ork Wales. Following
the end of the public consultation we have also attended further Expert Review Panel meetings to consider the
feedback from stakeholders.
Ending Homelessness Actlon Plan: During 2023124 we continued to play our part in the implementation of the
Welsh Government's Ending Homelessness Action Plan. primarily through the following task and finish groups..
Strategic Outcomes Framework= Through this group. we made a significant contribution to (he development
of the Strategic Outcomes Framework. which will measure progress towards ending homelessness in
Wales. The framework wenl out to consultation in June 2023 and was published in January 2024.
Rapid Rehousing.- We conlinug lo conlribule lo this gTOUP and the sub-group on housing supply.
Health Inclusion- We are an active member of this group, working with health colleagues lo understand and
address the health inequalities facing people experiencing homelessness.
Page 4

CYMORTH {CYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Workfor¢e- We have been a very aclive member of this group. contributlng lo a number of sub4Jroups. As
part of the pay svb-group, we encouraged members lo submit information to the pay research and we are
helping to analyse the data. We have led the training and qualifications SLtb-groLtp, surveying members
about their experiences and views on training and qualifications. This year we also joined the
commissioning sub-group, contributing a paper on psychologicalty informed commissioning.
Frontline Network Wales: Our Frontline Network Wales, run in partnership with St Martin-in-Ihe-Fields, pfovides
a unique space for Ironlline workers to share their views and experiences, engage with nats'onal policy issues. and
access peer support. Our meetings this year have included presentations about the proposals for legislative
refoim and Ihe mental health strategy, as well as a webinar about trauma infoimed approaches in homelessness
practice. We have also supported frondine workers to submit evidence to Ihe Expert Review Panel on legislative
reform and respond to Welsh Govemment consultations..
Report to the Expert Review Panel.. Frontline workers. views ol housing legislation in Wales
Report to the Expert Review Panel: How public services can prevent and respond to homelessness in
Wales
While Paper on Ending Homelessness in Wales.. A response from the Frontline Ne￿Ork Wales
Draft Mental He81th and Wellbeing Strategy- A response from the Frontline Ne￿Ork Wales
Expert$ by Experlenco-. As part of our work with the Expert Review Panel. we engaged with over 300 people
who have experienced or been at risk of homelessness. In order to ensure the widest possible engagement, we
used a variety of approaches to collect feedback. including online su￿eys, open engagement events in north and
south Wales. visits lo a range of temporary accommodation settings. speaking lo people on the streets. visits lo
prison and probation services. and one-toknone interviews online. People shared their expeiiences and views about
how the law should be changed to improve how we respond to homelessness. TheiT views were communicated in
six papets lo the Expert Review Panel, and had a huge impact on the panel's recommendations to the Minister
and the subsequent Ending Homelessness Vvhtte Paper. While the Expert Review Panel formed the majority of
our work with experts by experience, we also held a communication woikshop and tours of the Senedd to
encourage and support people lo make their voices heard.
Learning Dlsability- Through our close work with our leaming disability members. we have built on our efforts
during the pandemic to ensure that their services are recognised and reflected in key policy decisions. We have
represented our members on A number of Welsh Govemmenl groups, including the Learning Disability Ministerial
Advisory Group and meetings focused on fair work and the Real Living Wage. In addition, we have been working
with Learning Disability Wales and the National Commissioning Board to promote the 'Commissioning for a Better
Life. guidance. We have also been working with partner organisalions lo raise concems with the Welsh
Government and Members of Ihe Senedd about the shortfall in funding for social care providers lo meét the social
care Real Living Wage pledge.
Supported Housing Standards.. During 2023124 we worked with the Welsh Government to start the process of
developing standards for supported housing in Wales, in response to policy developments in England which could
affect Welsh pmviders. We have met wilh officials from the Welsh Government and (he Department for Vvork and
Pensions lo ensure that Ihe supported housing system in Wales is understood by the UK Government. as well as
facilitating engagement wtlh providers at our Homelessness Symposium and as part ol a task and finish group.
Cross4Jovernment influence-. We provided a strong voice for our members on a number of government groups
across multiple policy aieas. advocating on behaFf of people using services and enoouraging a cross4epartmentsl
approach to ending homelessness and ensuring people have the support they need. This includes regular
attendance and conlribulions at the following goveinment meelings:
Welsh Govemment Ending Homelessness National Advisory Board
Welsh Govemmenl Expert Review Panel on legislative reform
Welsh Govemment Mental Health National Partnership Board
Welsh Govemment National Implementation Board for Dnjg Poisoning Prevention
Welsh Government VAWDASV Strategic Group
Welsh Government Leaming Disability Ministerial Advisory Group
Welsh Government Fair Work Forum
UK Govemmenl Department for Work and Pensions Strategic Partnership Stakgholder Board
Welsh Government consultations.- During 2023124 wo responded lo a variety of Welsh Government, Senedd.
and UK Govemmenl consultations on behalf of our members and the people they support, including..
Senedd Committee Inquiry.. Private Rented Sector
Page 5

CYMORTH (CYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Welsh Government.. Rebalanung Care and Support
Welsh Government.. Adequate Housing including fair rents and affordability
Welsh Government.. Renting homes.. B&B accommodation used for homelessness PLtrrposes
Welsh Government.. Ending Homelessness Outcomes Framework
Senedd Finance Committee.. Welsh Government Draft Budget 2024125
Welsh Government: Ending Homelessness White Paper
Representation In the medla: We have continued to appear on radio and television, highlighting the issues
affecting our members 2nd people they support, informing public perception and infltsencing polilieal debate. We
have also intr(xluced joumalists lo our members and encouraged them to share their views and experiences.
During the Housing Matters campaign. we appeared across television news. radio and online news pages in Wales
and UK-wide.
Strengthen:
Conferences and webinars: During 2023124 we ran a seri6s of online events. featuring academics. policy experts
and prdctilioners from across Wales, the UK and around the world. These èvents aimed lo strengthen our
members. services through the sharing of good praclice and ensuring attendees are kept abieasl of key policy
developments, including..
Annual Conference
Housing First Wales Conference
Homelessness Symposium
A Slice of PIE.. Trauma-informed approaches in homelessness practice
Psychologically Informed Environments Over the last year we have continued to promote psychologically
informed approaches in Welsh policy, legislation and practice. We have developed a Reflective Practice toolkit and
training in partnership with Platfform and the ACE Hub Wales. working with our members to shape the content. We
will be testing the toolkit and training with groups of frontline workers and managers, with publicalion planned for
later in 2024. We have also continued oui PIE Network. holding a meeting which brought together nearly fifty
support providers and local authority commissioners to discuss how to make commissioning more psychologically
informed. In March we held three sessions of our PIE Foundation COUTse for staff from our member organisations.
lo strengthen understanding and delNery of psychologically informed approaches.
Youth Justr"ce Simulation Working with End Youth Homelessness Cymru. we have helped to deliver the Youth
Justi￿ Simulalion to approximately 50 participants in Cardrff. Using integralive teaching and simulations developed
in collaboration with young people wslh lived experience. it explores what it is like lo be a young person moving
through various services and systems. including education. foster care. youth justtce, homelessness, and more.
The SIM￿latIOn was very successful and we are committed lo delivering more sessions in fvlure.
Houslng Flrst prlnciple review= Over the last year, a task and finish group has considered each of the HF
principles. made amendments and developed a comprehensive document which explores each principle and how it
should be implemented. We also held Iwo successful face-to-face events in North and South Wales with peopl8
who have used Housing First Se￿iCe$. which infom7ed the final draft. The tevised principles were previewed al our
Housing First Wales Conference 2024 and will be published during the summer of 2024. We will also hold webinars
lo ensure that stakeholders understsnd the new principles.
Housing First Accreditation: The Housing First Wales Accreditation has been developed In partnership with the
Housing First Wales Nelwork and is supported by the Welsh Government It is a rigorous but supportive process
that assesses whether seNices are being deliveied in line with the Housing Fir51 Wales Principles. Over the past
year we have embaiked on the accreditation pn)cess with a number of projects, including Swansea Housing First,
Carmarthenshire Housing Fifst. and RCT Housing First. We have also started a reflective process with Conwy
Denbighshire Housing First, which was the first project to receive the accreditation in 2020.
Houslng Flrst Data Collectlon: The latest Wales-wide Housing First slalistics were published on World
Homelessness Day. alongside a quote from the Minister for Climate Change. As such. stalislics now reflect the
scale and impact of Housing First up lo the end of September 2022. A tenancy sustainment rale of 91Vo highlights
how effective and transformalive Housing First continues to be. The publication of the statistics received lols of
interest on social media, wilh 3.247 impressions and 94 engagements.
Page 6

CYMORTH (CYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Houslng Flrst for Womèn.. As part of our work with the Housing Firsl for Women sub-groLtp, we wo¥ked with our
partners at Welsh Women's Aid and other stakeholders lo publish a report about Housing First for Women. This
explored the particular issues facing women experiencing homelessness, and included considerations for generic
Housing First projects and specialist Housing Firsl for Women projects.
Connect:
Communicatlon: We have kept our members infonned of other developments through our regular e-newsleller,
largeted communications with our key contacts, our website, network and forum meeting$. and on social media.
Networks= During 2023124 we oiganised and ran a number of networks, which have provided invaluable
opportunities to inform our members of the latest nation81 policy developments. as well as creating a space for
people lo debate and discuss issues, and connect with each other. These included our six Regional Provider
Forums. the Frontline Network Wales, the Third Sector Substance Use Netsvork. our Learning Disability Provider
Group. our Psychologically Informed Erkvironments Neknrk, and the Housing First Network and its subgroups.
Connecting policy areas.. We have continued to work across a number of policy areas to encourage more joined
up approaches to ending homelessness and ensuring people have the person-cenlred multi-agency support they
need. This includes WOTk with officials and organisations working in housing, VAWDASV. mental health. SLtbslan¢e
misuso, social ￿re, welfare and criminal justice, as well as responding to consultations across these policy areas.
Houslng Flrst." Our work on Housing FiTSt continues to reach beyond the bordets of Wales, with Cymorth involved
in a number of pieces of work in other parts of the UK. Euiope and further afield. This included a contribution lo
Parity, Australia's national homelessness publication, about OLFr accreditation process. as well asa presentation
delivered as part of their webinar series. In Scotland. we have contributed to a series of Homeless Network
Scotland's Housing First sounding board meetings. delivered a presentation at their'¢onnect' events. and written a
chapter for the Scottish Housing First Annual Check-up report for 2023. In June 2023, the Housing First Wales
Network hosted Juha Kahila, an expert in Housing Fitst from the Y-Fovndalion in Finland, who came and spoke to
the group. Cymorth has also attended meetings and conferences held by the Housing First Europe Hub. which is
overseen by FEANTSA. conneeling with Housing First experts and practitioners from across Europe and leaining
about developments in a range of countries.
Connecting with experts across the world.. We have continued to connect with policy makers and practitioners
aeross the UK and the wortd, seeking opportunities to leam and share good practice for the benefit of our members
and the people they support.
Four nations partnership: We have started to have regular meelings with our counterparts across the UK..
Homeless Link in England. Homeless Connect iri Northern Ireland, and Homeless Ne￿Ork Scotland. This
has provided invaluable opportunities to discuss developments across the four nations and non-devolved
issues such as welfare and immigration.
Cymorth conferences: Over Ihe last year our events have enabled our members to conneGt with speakers
from Scouand, England and Canada. This has provided opportunities to learn about different policy conlexis
and inlerventions, as w611 as good practice from homelessness and housing support ServI￿S around the
world.
UK-wide campaigning: This year we have worked with partners across the UK lo support the campaign to
scrap the Vagrancy Act. supporting a series of letters to Minislels and briefings lo MPS about this issue.
External eonferences= Cymorth has spoken at a number of events and confe￿nCeS at the ￿quest of our
partners across Ihe UK and worldwide.
FEANTSA- We continue to engage wtth FEANTSA, the European Federation of Nalional Organisations
Working with the Homeless, working with our European partners to share leaming, research and practice.
Sustain:
Sector fvndlng: Over the last year we campaigned har¢Jer than ever to protect the Housing Support Grant from
cuis lo the budget and lo call for more funding. As described above, this resulted in an additional £13 million being
allocated lo the Housing Support Grant for 2024125.
Page 7

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Sustalnable workforce: We have lobbied effectivety lo ensure that the homelessness and housing support
workforce is a prrorily area for the Welsh Govemment. As described above. we have been actively involved in a
number of sub-groups focused on creating a valued and resilient homelessness and housing support workforce.
Our campaigning efforts also led lo the Minister instructing local authorities to ulilise the Housing Support Grant
funding increase lo enable exisling services lo increase frontline worker wages. Vve have also been Working with
partner organisalions lo raise con¢erns with the Welsh Govemment and Members of the Senedd about the shortfall
in funding for soeial care providers to meet the social care Real Living Wage pledge.
Financial sustainability: We continue to do everything we can lo deliver value for money to our members and
fvnders. We exceeded our financial target for membership incorne and managed to spend less Ihan budgeted over
the year. Our relationships with fundeFS continue to be very positive. and we have been awarded another three
years of funding from the Frontline Neiwork.
Governance and staffing
We Continued to deliver the aims and objectNes within our strate9ic plan for 2019-22. which was developed followin9
engagement with our rnembers about their priorities. Due to post-covid pressures and the significant amount of work being
undertaken on Welsh Government policy and legislative reform, the Board agreed to extend the Strategic Plan. The Board
were confident that the plan remained focused on the most important issues for our members and the people they supporL
bul committed lo developing a new strategic plan in the next twelve months.
During 2023124 we had one independent Board member with experience in finance and academia, who provides extremely
useful scrutiny and challenge. Our Board currently includes six members who deliver services in north Wales and a number
who deliver services in mid and west Wales.
During 2023124 we recnjited a new Policy and External Affairs Manager. We have continued lo provide training opportunities
for our staff, and continued lo invest in a staff wellbeing programme. which provides a range of wellbeing advice and aceess
to counselling for our employees.
FINANCIAL REVIEW
Oveyview of results
Net income for the year amounted lo £48,418. This figure is split as £35.205 unrestricted funds and £13,213 on restricted
funds.
At 31 March 2024 the charity had unrestricted funds of £500.080. This is also the free reserves held as the charity has no
funds tied up in fixed assets and no designations in place.
Principal funding sources
Cymorth has three principle funding sources= govemment fvnding, membership income and events income.
Cymorth has traditionally received funding from the Welsh Goveinmenvs Housing Directorate to support its WOTk with the
sector and help lo deliver government piiorilies for homelessness and housing related support. Cymorth Cymru continues to
work in close partnership with the Welsh Govemment and plays a key role in the homelessness transformation agenda,
therefore strengthening its reputation as a key stakeholder in shaping and supporting the delivery of government policy. As a
result of the confidence in our WOTk. we received a three-year indtcalive grant allocalton taking us into 2025. However. we are
acutely aware of the financial pressures on the Welsh Government and reco9ni5e that this could affect futtsre funding.
Cuts to public spending could also affect Oltr members. and therefore their ability to pay membership fees. Feedback from
our members suggested our work to repfesent and support our members during Ihe pandemic and in our current policy work
has been highly valued - and confidence in our role as the representative body is high. However. our members continue to
face significant financial pressures due to increased demand lor services and insufficient funding. We therefore recognise
Ihal this Could lead to some members ending their membership, even if they are happy with our wotk.
We continued to deliver an events programme during 2023124, including our first in-person conference since the pandeml¢.
This was very well received. as We￿ the online conferences and webinars we delivered. While the move to online events
since the pandemic has resulted in lower levels of income and expenditure, it is clear that members see value in the events,
particularly in relation to the learning. good practice and information on key policy developmenls. We plan lo deliver more
In-person cOnfe￿nCeS during 2024125, alongside online events.
Page 8

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Reserves pollcy
The trustees are fully aware of the need lo relain a reasonable level of available reserves to ensure the continuance of
setvice delivery through challenging economic limes. They oversee an annual review of financial risks and identify a
sufficient level of reserves lo ensure any unforeseen or unavoidable costs incurred can be met whilst at the same lime
making the most of available reseNes to invesl in developlng the organisation.
At the Board meellng on 7 July 2023 the Iruslees discussed the post-pandemic funding environment and the extent to which
charilies across the UK were reliant on their reserves during this period. As a fesull. the Board agreed lo change our
reserves policy from four months of operating costs to six months of operating costs, which equated to £222.539 based on
the budget lor 2023124.
At the current time Ihe Board ol Trustees is satisfied with the level of reserves held. However. there are plans to di$cus$
whether we should utilise some our reserves as part of our upcoming strategy review.
FUTURE PLANS
Our organisalional PTiorily remains ensurtng that our strategy is sound and we are able to maximise our impact on behalf of
our members and people who rely on homelessness and housing related support services in Wales.
We 5h811 do this by:
Reviewing our strategic plan and publishing a new strategic plan by the end of 2024125
Influencing the homelessness legislation. which is due to be tabled in the Senedd in spring 2025.
Continuing lo campaign for increased fvnding for the homelessness and housing support sector.
Continuing to campaign for increased pay and support for frontline W0￿er$.
Continuing to provide a high quality. cost*ffeclive. value for money seyvice to our funders and members.
Ensuring we maximise the opportunities for members to share and learn Irom each other and others outside Ihe
sector thiough our programme of events, network rneelings and policy briefings.
Continuing to acl as a'critical friend, to Welsh Government. as part of the third sector's role in hokling govemment to
account.
Continuing lo promote and incorporate the views of frontline workers and experts by experience in our work
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing documgnt
Cymorth Cymru is both a company limited by guarantee (no.. 05093332) and a registered charity {no'. 1116774)- It is
governed by its Memorandum and Articles ol Association. Members of the Board are the charity trustees and the directors in
eompany law.
Recruitment and appointment of new trustee$
The Board of Cymorth is made up of a number of trustees {currently 91, including Member Trustees and Independent
Trustees. Member Trustee5 must make up a minimum of 66% of the total Board. There are currently eight Member Trustees
and one Independent Trustee.
New member trustees are nominated from and by organisations which hold full membership of Cymorth Cymru. Nominations
are welcomed from individuals who have the necessary skills. experience and knowledge to maintain a balanced and
effective Board. Member trustees are appointed by the members at the Annual General Meeting.
The charity appointed its first three independent Injslees in eaily 2016 through an open and transparent recruitment process.
They were invited lo join the Board with a view to ensuring that the Board contains an appropriate balance of skills.
knowledge and experience relevant to the governance requirements of the org8nisation. The appointment of Independent
Members is approved by members at the Annual General Meeting.
Organisational structure
The Cymorth Board has overall responsibility for the strategic leadership. governance and appropriate management Control
of the organisalion. The Board is also responsible for ensuring that Cymorth fulfils its legal duties.
It has th￿e primary fun¢lions'.
To set and ensure the organisation stays focused on delivering its mission and strategy..
To ensure that the charity complies with ils governing document, charity law and other legal requirements
As part of ils scrutiny and stewardship function, lo provide s¢Jpport and constructive challenge lo the management
team. in particular the Director.
Page 9

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Induction and training of new trustegs
The Chair and Director are responsible for planning trustee recruitment, induction, training and ￿vIeW. A comprehensive
Induction for all new Iruslees provides guidance on their legal responsibilities and obligations. The induclion also provides an
ove¥view of the operations and practices of Cymorth Cymru.
With the notable exception of trustees, the charity does not rely on the services of unpaid volunteers or donations from the
general public. The day lo day running of the charity 1$ delegated by the Board to the Diieclor and staff team.
Rlsk management
Charities are still recovering and adapting since the pandemic and are now contending with high inflation, the cosl-of-living
¢risis and reslriclions on public spending. All organisations wholly or partly. dIreC￿Y or indireclly dependent on goveinment
funding are facing an increasingly uncertain future. Cymorth Cymru is affected by this in ways: by the direct funding
received from Welsh Government and the fael that the majority of our members receive public funding lo deliver frontline
services.
At the same time, the cost of running organisalions and services has increased significantly. This creates challenge5 for
Cymorth CYMN and our member organisations. We are more focused that ever on delivering value for money for our
members and funders, while being acutely aware of the limited funds that our members have lo spend on membeiship and
our events.
Within this conlext the Board carefully monitors key risks that need to be miligaled arid consequently the level of reserves
required to ensure should public funding. membership fees or other income streams reduce. service delivery to rnembers can
be maintained whilst eontingency plans are put in place. This risk and reseNes policy is reviewed on at least an annual basis.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05093332 (England and Wales)
Registered Charity number
1116774
Registered office
Temple of Peace
King Edward Vll Avenue
Cathays Pa
Cardiff
County of Cardiff
CF10 3AP
Page 10

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Ms S Austin
DrMDar
Ms S Aldridge
Ms C Davies
MS C Do¢hety
Ms L Evans
Mr R Kennedy
Ms N Lidubwi
MT P Richardson
Chair
Treasurer
Trustees who served durlng the year:
Ms J Bibbings
Mrs S Morgan
Ms C Slaik
Resigned 27.10.23
Resigned 27.10.23
Resigned 31.03.24
Direetor
Ms K Dallon
Company Seeretary
Ms K Dalton
Auditors
MHA
Slatutory Auditor
Elfed House
Oak Tree Court
Cardilt Gate Business Park
CARDIFF
County ofcardiff
CF23 8RS
Bankers
The Co-operative Bank
PO Box 250
Skelmersdale
WN86
Page 11

CYMORTH ICYMRU)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Redwood Bank
The Nexus Building
Broadway
Lelchworth Garden City
Hertfordshire
SG6 3TA
Hampshire Trust Bank
55 Bishopsgate
London
EC2N 3AS
Flagstona Investment Management
1 st Floor, Clareville House
26-27 Oxendon Street
London
SW1Y 4EL
Nationwide Building Society
Nationwide House
Pipers Way
Swindon
SN38 1NW
Advisers
Geldards LLP
Dumfries House
Dumlries Place
CARDIFF
CF10 3ZF
Page 12

CYMORTH ICYMRUI
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees (who are also direclots of Cyrnorth ICymnJ} for the purposes of company lawl are responsible lor Preparing the
Trustees, Annual Report Ilincluding the Strategic Report)] and the financial statements in accordance with applicable law
and United Kingdom Accountin9 Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Iruslees to prepare financial statements for each financial yeai, which give a true and fair viow of
the state of attair5 of the charitable company and of the incoming resources and application ol resources. including the
income and expenditure. of the charitsble company for that period. In preparing these financial staternenls, the trustees are
required lo-.
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charilies SORP FRS102
make judgemen15 and estimates that are reasonable and prudent,.
stale whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed
and explained in the financial statements.,
prepare the financial statements on the going ¢on¢ern basis unless it is inappropriate lo presume that the charity will
continue in operation.
The trustees are responsible for keeping adequate accounts.ng records that disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial slalements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking
reasonable steps for the prevention and ¢Jeteclion of fraud and other irregularities.
In so far as the Iruslees are aware..
there is no relevant audrt information of which the charitable company's auditor is unaware-, and
the truslees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit
infomialion and lo e51ablish that the auditor is awafe of that information.
Approved by order ofthe Board ofTrustees on ..-- ..-.-.
and signed on its behalf by..
slin-c
air
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CYMORTH (CYMRU)
Opinion
We have audited the financial sialements of Cymorth ICymru} (the 'charitable companv) for the year ended 31 Mar¢h 2024
which comprise the Statement of Financial Adivities, the Balance Sheet and notes lo the financial statements. including a
summary of significant ac¢ounling policies. The financial reporting framework that has been applied in their preparation Is
applicablo law and United Kir¢gdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclice)-
In our opinion the financial statements:
give a true and fair view of the slate of the charitable Company's affairs as at 31 March 2024 and of ils 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 PrePa￿d in a¢¢ordan¢e wilh the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemalional Standards on ALsditing (UK) IISAS {UKII 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 charitable company in accordance with the elhical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and
we have fvlfilled our other ethtcal 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.
Concluslons relatlng to goSng concern
In auditing the financial statements. we have concluded that the trustees, use of the going concem basis of accounting in the
preparation of the fin8neial slatements is appropriate.
8ased on the work we have performed. we have not identified ar¢y material uncertainties relating lo events or conditions that,
individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a
period of al least fwelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the tiustees wth respect to going concern 8re described in the relevanl
sections of this report.
Other infomiatlon
The trustee¥ are responsible for the other information. The other infomiation comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial ststemenls does not cover the other information and. except to the extent otherwise explicitly
stated in our report, we do not express any form of assurance conclusion Ihereon.
In conneclton with our audit of the financial statements. our responsibility is to read the other infomialion and. in doing so,
consider whether the other infomiation is materially inconsistenl with Ihe financial slatemenls or our knowledge obtained in
the audit or otherwise appears lo be materially misstated. If we identify such malerial inconsistencies or apparent material
mlsstalemenls, we are required to delemiine whether this 9ives rise to a material misststement in the financial stslements
Ihemselves. If, based on the work we have performed. we conclude that there is a material misstalement of this other
infomialion, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undeElaken in the course of the audit=
the inft)rmation given in the Report of the Trustees for the financial year for which the financial statements are prepared 1$
consistent wlh the financial statements., and
the Report of the Trustees has been prepared in accordance wlth applicable legal requirements.
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CYMORTH {CYMRUI
Matter$ on which we are required to report by exceptlon
In the light of Ihe knowledge and understanding of the charitable company and its envSronmenl obtained In the course of the
audlL we have not ident¢fied materlal misstatements in the Report of the Trustees.
In Ihe light of our knowledge and understanding of the company and ils environment obtained in the course of the audit, we
have nol identified material misstatements in the Report of the Trustees.
We have nothin9 lo report in respect of the following matters where Ihe Companies Act 2006 requires us to report to you if. in
our opinion:
adequate accounting records have nol been kept, or relums adequate for our audit have not been receNed from
branches not visited by us.. or
the financial slatemenls are not in agreemenl with the accounting records and retums: or
¢ertain disclosures of trustees. remuneration specified by law are not made., or
we have not received all the inforn7alion and explanations we require for our audit. or
the twstees were not entitled to prepare the financial statements in accordance with the small companies regime
and lake advantage of the small companles. exemption in preparing Ihe directors. repo
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 Ihe purposes of company law) are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view. and for such intemal control as the Injslees determine 15 necessary to
enable the preparation of financial statements that are free from rnaterial misstatement, whether due to fraud or error.
In preparing the financial staternenls. the trustees are responsible for assessing the charitable company's ability to continue
as a going coneem, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistrc
allernative but to do so.
Our 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
misslatemenl. whether due to fraud or error. and to issue a Report of the Independent Auditors 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 detect a material misslateznenl when il exists. Misstatements can arise from fraud or error 8nd are
considered material if, individually or in the aggregate, they could reasonably be expected to inffluence the economic
decisions of users taken on the basis of these financial statements.
Irregularilies, including ￿Ud, are instances of non-compliance with laws and regulations. We design procedures in lirte with
our responsibilities. outlined above. lo detect material misstatements in respect of irregularities. including fraud. The specific
prO￿dureS for Ihis engagemenl and the extent lo which these are capable of delecling irregulaiities. including fraud is
detailed betow..
Enquiry of management and those charged with govemance around actual and potential litigation and claims.
Enquiry of erility Staff in tax and compliance functions lo identify any instances of non-compliance with laws and
regulations-,
Performing audit work over the risk of management overllde of ¢onlrols. in¢luding testing of journal entries and
other adjustments for appropriateness. evaluating the business rationale of significant Iransa¢lions outside the
normal course of business and reviewing accounting estimates for bias.
Reviewing minutes of meetings of those charged with govemance;
Reviewing financial slalement disclosures and testing to supporting do¢umentotion to assess Compliance
with applicable laws and regulations.
Because of the 1fthe￿nt limitations of an avdit, Ihero is a iisk that we wll not detect all irregularities, including those leading
to a material misslatemenl in the financial statements or non-compliance with regulation. This iisk increases the more Ihal
mpliance with a law or regulation 15 removed from the events and transactions reflected in the financial statements, as we
will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring
due lo fraud rather than error, as fraud involve$ intentional Concealment, forgery, collusion. omission or mi5represenlalion.
A further description of our ￿spOnSibl1111es for the audit of the financial statements is located on th8 Financial Reporting
Council's website at www.frG.org.uk]audilorsresponsibilities. This description forms part of our Report of the Independent
Auditors.
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CYMORTH (CYMRU)
Usè of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapler 3 of Part 16 01 the
Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charitable compan￿5 members
those mallers we are required lo stale lo them in an auditors, report and for no other purpose. To Ihe fullest extent permilted
by law, we do not accept or assume responsibility to anyone other than the charitable company at￿ the charitable company's
members as a body, for our audit work, for this report. or for the opinions we have formed.
Julia Mortimer {Senior Statutory Audttorl
for and on behalf ol MHA
Slalutory Audilor
Elfed House
CARDIFF
CF23 8RS
Date:
MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership
in England and Wales (registered number OC312313)
Page 16

CYMORTH ICYMRU)
STATEMENT OF FINANCIAL ACTivrriES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
fijnds
Unreslricled
fvnds
Reslricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable actlvltles
Membership
ReseaTch. policy and practice
Training and events
106.375
229,539
15,159
106.375
301.454
15,159
105,400
287,617
21,899
71,915
Inveslment income
5,189
5,189
1.746
Total
356 262
71,915
428 177
416.662
EXPENDITURE ON
Charitable activitles
Membership
Research, policy and practice
Training and events
89,836
217.064
14.157
89,836
275.766
14.157
95.767
268,775
21,059
58.702
Total
321.057
58.702
379,759
385.601
NET INCOME
35,205
13,213
48,418
31.061
RECONCILIATION OF FUNDS
Total funds brought forward
464,875
19,035
483,910
452.849
TOTAL FUNDS CARRIED FORWARD
500.080
32.248
532.328
483.910
The notes foTm part of these financial statements
Page 17

CYMORTH ICYMRUI IREGISTERED NUMBER: 05093332)
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
un￿striCted
lunds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
12
506
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
85.579
437.750
22,317
22.955
107,896
460.705
90.830
424.111
523.329
45.272
568,601
514.941
CREDITORS
Amounts falling due within one yeaf
14
{23,249)
113,0241
136.2731
131.537)
NET CURRENT ASSETS
500 080
32,248
532.328
483,404
TOTAL ASSETS LESS CURRENT LIABILITIES
500.080
32,248
532,328
483,910
NET ASSETS
500,080
32,248
532,328
483,910
FUNDS
Unrestricted funds
Reslricled funds
16
500.080
32.248
464,875
19,035
TOTAL FUNDS
532,328
483.910
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject
lo the small companies regime.
The financial stslements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
JAU
in - Chair
The notes forn part of these financial statements
Page 18

CYMORTH {CYMRU)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Cymorth Icymrul is a registered charity and private company limited by guarantee and has no share ¢apilal.
Members have agreed lo Contribute £1 in the event of a winding up. The company is incorporated in Wale$ in the
United Kingdom. The registered office is Temple of Peace. King Edward Vll Avenue. Calhays Park, Cardiff, CF10
3AP. Th6 nature of the CoMpan￿S operations and princtpal activities Is dlsclosed within the Report of the Trustees.
The financial statements are presented in Sterling 1£), the company's functional cUr￿ncY, and rounded to the nearest
pound.
The significant a¢¢ounting policies applied in the preparation ol these financial statements are set out below. These
policies have been consistently applied lo all yeaTS presented unless otherwise staled.
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charilies preparing their accounts in accordance wth the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 102) leffeclive 1 January 20191,, Financial Roporting
standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The financi81 statements have been prepared under the historical cosl convention.
Cymorth (Cymtu) meets the definition of a public benefit entity as demonstrated within the Report of the TTilStees.
There have been no material departures from the reporting standard.
Going con¢ern
No material uncertainties which may cast significant doubt upon the entity's ability lo continue as a going concem
exist.
Income
All income is recognised in the Statement of Financial Activities once the charity has enlitlemenl *0 the funds. it is
probable that the income will be received and the amount can be measured reliably.
This includes capital grants.
Income from charitable activities iflcludes income received under contract or where entitlement lo grant funding is
subject to specific performance conditions. This income is reeognised where there is entitlement, when the receipt is
probable and the amount can be measured reliably. Income 15 deferred when the amounts received are in advance ol
the perfomiance of the Service or event lo which they relate. Membership fees are accounted for in the period lo
which they relate.
Other trading activities are recognised as Ihe related services are provided and there is entitlement, probability of
receipt and the amount can be measured wÈth sufficient reliability. Income is deferred when the amounts received are
In advance of the delivery of the servi¢e or event to which it relates.
Investment income is recognised on a receivable basis.
It is not the policy of the ¢hadty to show income net of expenditure.
Expendlture
Liabilities are recognised as expendilure as soon as there is a legal or construcllve obllgation committing the charity
lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably. Expendittjre is accounted for on an accruals basis and has been classified
under headings that aggregate all cost related to Ihe category. Where costs cannot be directly attributed lo partlcular
headings they have been allocated to activities on a basis consislenl with the Ltse of resources.
Page 19
continued...

CYMORTH {CYMRUI
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES . contlnued
Expendlture
Expenditure on charitable activities compr¢ses those costs incurred by the charity in the delivery of ils activities and
services foT its beneficiaries. It includes both Costs that can be allocated directly to such activities and those costs of
an indirect nature to support them.
Support costs are those costs that, whilst necessary to delÉver an activity, do not themselves produce or conslitul8
the output of the charitable activity. This includes governance costs which are those costs associaled with meeting
the constitutional and stalulory requirements of the charity and include the accountancy fees and costs linked lo the
strategic management of the charity as well as a proportion of salaries based on an approximation of time spent In
this area.
Expenditure includes any VAT which cannot be fvlly recovered and is reported as part of the expenditure to which it
relates.
Allocation and apportionment of costs
All costs are allocated between the expenditure eategories on 8 basis designed lo reflect the use of the resource.
Costs relating lo a partFcular adivity are allocated directly,. others are apportioned on an appropriate basis.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset (less expected residual value)
over its estimated useful rile.
Plant and machinery
Fixtures and fittings
33.33Yo on cost
- 25Yo on Cost
Fixed assets are initially recorded at cost. Only assets which cost £500 or more are capitalised.
Taxation
The charity is exempt from corporation lax on its chartlable aclivities.
Fund accountln9
Unrestricted funds ara available for use at the trustees. discrelion for any ptsrpose within the objects of Ihe charity-
Restricted fund5 have been received with stipulation from the donor as to the purpose for which they may be used.
Designated funds are unrestricted funds eamarked by the trustee board for particular purposes.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held
sep8rately from those of the charity- The annu81 Contributions payable are charged to the statement of financial
activities incorporating the income and expenditure account.
Operating leases
Renlals applicable to operaling leases where substantially all of the benefits and risks of the ownership remain with
the les50r a￿ charged againsl profits on o straFght line basis over the period of the lease.
The benefi15 of lease incentives are recognised in the profit and Ioss account over the lease period.
Basls of recognltlon of Ilabllltles
Llabilities are recognised as soon as there is a legal or constructlve obligation which commits the charity to the
expenditure.
Flnancial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basi¢ financial instiuments. Basic
nancial instruments are initially recognised at transaction value and subsequently measured al their se￿ement
value.
Page 20
conlinlted...

CYMORTH {CYMRU)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
Operatlng leases
Trade and olhei debtors are recognised at the settlement amount due after any trade discount offered. Prepayments
are valued at the amount piepaid net of any trade discounts due.
Creditors and provisions are recognised where the charity has a present obligation fesulling from 8 Past event that
will probably resull in the transfer of funds to a third party and the amount due lo settle the obligation can be
measured or eslimaled reliably. Creditols and provisions are nomi8lly recognised at their settlement amount after
allowing for any trade discounts due.
Slgniflcant accountlng Judgements and estlmates
Estimates and judgements are Continually evaluated and are based on historical experience and other relevant
factors, including expectations of future events that are believed to be reasonable under the circumstances.
The preparation of the financial statements requires management to make estimates and assumptions con¢eming
the future. The resulting accounting estimates will. by definition, be likely to differ trom Ihe related actual results.
No estimates or assumptions have been identified that have significant risk of causing malerial adjuslmenl to the
carrying amounts of assets and liabilities within the next financial year.
INVESTMENT INCOME
2024
2023
Bank interest
5.189
1,746
INCOME FROM CHARITABLE ACTNITIES
2024
2023
Activity
Membership
Research. policy and practice
Training and events
Training and events
Membership income
Grants
Grants
Evenls income
106.375
301,454
2,270
12,889
105,400
287,617
2.131
19.768
422.988
414,916
Grants received. Included in the above. are as follows..
2024
2023
Welsh Goveinment Homelessness Prevention Grant.. Corg fiJndin9
Other Welsh Government Grants
St Martin in the Field Frontline Network
Oak Foundation Experts by Experience
227,017
4.792
33.657
38.258
213,135
4.898
37,316
34,399
303.724
289,748
Page 21
continued...

CYMORTH (CYMRU)
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
CHARITABLE ACTIVITIES COSTS
Direct
Costs {see
note 61
Support
costs (see
note 7)
Totals
Membership
Research, policy and practice
Training and events
74.296
231,632
11.670
15.540
44,134
2.487
89.836
275,766
14.157
317.598
62,161
379.759
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Events and training programme
Research. policy and practice
Other staff related costs
Rent
Computer expenses
Telephone costs
Printing. postage and stationery
Insurance
Staff recruitment costs
Bad debts
Oak Foundation Project Costs
Frontline Nelwofk
Subscriptions and memberships
￿￿e¢Over2b1e VAT
Depreciation
257.236
13,110
1,276
3,050
10.395
6,240
1.380
61
1.712
399
2.400
2.331
499
7.104
10.000
405
286.041
3.524
65
3,122
10.396
6.618
1.208
490
1,814
1.674
4,260
747
4,693
522
317.598
325,174
SUPPORT COSTS
staff
costs
other
costs
Govemance
costs
Depreciation
Totals
Membership
Research, policy and
practice
Training and events
10.229
25
1.057
4.229
15.540
29.051
1,637
72
3.001
169
12.010
677
44.134
2,487
40,917
101
4,227
16.916
62,161
Page 22
¢ontinued...

CYMORTH {CYMRU)
NOTES TO THE FINANCIAL STATEMENTS . eontlnued
FOR THE YEAR ENDED 31 MARCH 2024
NEf INCOMEI(EXPENDITURE)
Net incomel{expendilure) is ststed after chargingl{cr6dilingl'.
2024
2023
Audltors, remunerallon
Depre¢iation - owned assets
Operaling leases- lease payments recognised as an expense
Audito￿. remuneration - other financial Services
5.000
506
11,550
640
4.400
652
11,550
640
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 or for the year ended 31
March 2023.
Trustees. expenses
During the year trustee5' expenses of £120 were reimbursed to Iwo Iruslees in respect of accommodation and travel
expenses {2023.' NIL).
10.
STAFF COSTS
2024
2023
Wages ond salaries
Social security costs
Other pension costs
271,075
21,739
17.135
294.071
25.086
17.268
309.949
336.425
The average monthly number of employees during the year was as lollows-
2024
2023
Staff
The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was..
2024
2023
£60.001- £70,000
The lotal key management personnel remuneralion benefits during the year was £73.429 (2023.. £71.6491-
Page 23
continued...

CYMORTH {CYMRUI
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitsble activitie$
Membership
Research, policy and practice
Training and events
105,400
215,902
21,899
105,400
287,617
21,899
71,715
Investment income
1.746
1.746
Total
344,947
71.715
416.662
EXPENDITURE ON
Charltable actlvities
Membership
Research. policy and practice
Training and events
95.767
204,813
95.767
268,775
21.059
63.962
Total
321.639
63.962
385.601
NET INCOME
23.308
7.753
31,061
RECONCILIATION OF FUNDS
Total funds brought forward
441,567
11,282
452.849
TOTAL FUNDS CARRIED FORWARD
464.875
19.035
483.910
12.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Plant and
machinery
Totals
COST
At l April 2023 and 31 March 2024
2.112
766
2.878
DEPRECIATION
At 1 April 2023
Charge for year
1.606
506
766
2,372
506
At 31 March 2024
2.112
766
2,878
NET BOOK VALUE
Al 31 March 2024
At 31 March 2023
506
506
Page 24
continued...

CYMORTH ICYMRU)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued Income
11,098
96.798
1,392
89.438
107,896
90,830
14.
CREDITORS." AMOUNTS FALLING DUE ￿THIN ONE YEAR
2024
2023
Trade credttors
VAT
Other credFtOTS
Accruals and deferred income
2,472
10,069
1.291
6.072
500
540
24,425
36.273
31.537
Included withiri accruals and deferred income above is the following deferied income..
2024
2023
Deferred income brought forward
Released to SOFA
Additional income defeffed in the year
15.424
{15.424)
13.024
27,803
127,803)
15,424
13.024
15,424
The deferred income relates lo income received in advance of project delivery.
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2024
2023
Within one year
12,128
11.550
Operating lease payments recognised as an expense during the year amount lo £11,550 {2023'. £11,550}.
16.
MOVEMENT IN FUNDS
Net
movement
in fund$
At
3113124
Al 114123
Unrestricted funds
General fund
464.875
35.205
500,080
Restrlcted funds
st Martin in the Field Frontline Network
Oak Foundation Experts by Experience
16,933
2,102
7,714
24.647
7,601
19.035
32.248
TOTAL FUNDS
483 910
48.418
532,328
Page 25
Continued...

CYMORTH ICYMRU)
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 MARCH 2024
16.
MOVEMENT IN FUNDS - ¢ontinu¢d
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in fund$
UnrestTiCted funds
General fund
356,262
(321,057)
35,205
Restricted funds
St Martrn in the Field Frontline Network
Oak Foundation Experts by Experience
33,657
38.258
125.943)
32.7591
7.714
5.499
71,915
58.7021
13,213
TOTAL FUNDS
428,177
379,7591
48.418
Cornparatives ft)r rnovement in funds
Nel
movement
in funds
At
3113123
At 114122
Unrestrlcted funds
General fund
441.567
23.308
464,875
Restricted funds
St Martin in the Field Frontline Network
Oak Foundation Experts by Experience
7.728
3.554
9.205
1,452)
16.933
2.102
19.035
TOTAL FUNDS
452.849
31.061
483.910
Comparalivg net movement in funds, included in the above are as lollows..
Ineoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
344.947
{321.6391
23,308
Rèstricted funds
St Martin in the Field Frontline Network
Oak Foundation Experts by Experience
37,316
34,399
{28,111)
35,851)
9,205
71.715
63.9621
7,753
TOTAL FUNDS
416 662
385,601)
31,061
Restri¢ted funds
Grant funding was received from the Oak Foundation to amplify the voice of people with lived experience of
homelessness in Wales.
Page 26
continued.

CYMORTH {CYMRU)
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16.
MOVEMENT IN FUNDS- ¢ontlnued
Grant funding was received from Sl Martin in the Fields Frontline Neiwork to provide-
Opportunities for frontline workers lo regularly come together in their areas- to netsvork, share experiences
and expertise
The potential lo explore solutions lo key issues affecting staff and people they are supporting
Links between the fronttine voice and decision-makeTS
17.
EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution scheme. The pension Costs charge for the year represents contributions
payable by the charity to the scheme and amounted lo £17,135 {2023- £17,268). At the year end there were
oulslanding contributions of £Nil (2023.. £Nill.
18.
RELATED PARTY DISCLOSURES
During the year and the comparative year. the charity ieceived membership, training and event income from
number of member oiganisalions conneeled to the Board of Trustees. Charges were made in line with slandard rates
charged to all other member bodies associated with Cymorth (Cymru).
Page 27

CYMORTH ICYMRU)
DETAILED STATEMENT OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Bank interest
5,189
1,746
Charitablg activities
Grants
Membership income
Events income
303.724
106.375
12.889
289,748
105,400
19,768
422,988
414 916
Total incoming resources
428,177
416.662
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Events and training programme
Resea￿h. policy and practice
Other staff related costs
Rent
Computer expenses
Telephone costs
Printing. postage and stationery
Insurance
staff recruitment costs
Bad debts
Oak Foundation Project Costs
Frondine Network
Subscriptions and memberships
Irrecoverable VAT
Fixed asset depreciation
218,362
21,739
17,135
13.110
1.276
3.050
10.395
6.240
1.380
61
1.712
399
2.400
2.331
499
7.104
10.000
405
243.687
25.086
17,268
3.524
65
3,122
10,396
6,618
1,208
490
1.814
1,674
4,260
747
4,693
522
317,598
325,174
Support costs
Staff costs
Wages
40,917
38.924
Depreclatlon
Depreciation of tangible fixed assets
101
132
other costs
Rent
Computer expenses
Telephone ¢osts
Printing, postage and stationery
Cariied forward
1.155
693
153
1,155
735
134
55
2,079
2,001
This page does not form part of the statutory flnan¢ial slalements
Page 28

CYMORTH {CYMRU
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Other costs
Brought forward
Other office costs including cleaning
Accountancy services
2,001
786
2.079
1.767
1,665
4,227
5,511
Governance costs
Trustees, expenses
Wages
Auditors, remuneratlon
120
11,796
5.000
11.460
4.400
16,916
15.860
Total resources expended
379.759
385.601
Net incom8
48.418
31,061
This page does not form part of the statutory financial statements
Pa9e 29