Company registration number.. 05093332
Charity ￿gIStratIon number.. 1116774
cymorth
cymru
CYMORTH {CYMRU)
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
HSI Audit Limited

Cymorth (Cymru)
Contents
Page
Trustees, Report
Independent Auditorfs Report
12-14
Statement of Financial Activities (including Income and Expenditure Account)
15
Comparative Statement of Financial Artivities (induding Income and Expenditure Account)
16
Balance Sheet
17
Notes to the Financial Ststements
18-25

Cymorth (Cymru)
Company No. 05093332
Trustees, Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objective5 and Activities
Aims and Objectives
Our vision..
A Wales where everyone can live safely and independently in their own homes, realise their aspirations and thrive in their
communities.
Our mission..
Connect, strengthen, influence and inspire service providers. policy maker5 and partner5 to..
Prevent homelessness
Support people to live safely and independently in their own homes
Enable people to realise their aspirations and thrive in their communities.
Our values:
Compassion and respect: We will demonstrate and promote compassion and respect in all aspects of our work.
Independence: We will be politically independent to ensure that we can art with integrity and for the benefit of our
members.
Partnership: We will continue to build effettive partnerships across different sectors and policy areas to achieve the
greatest impart.
Transparency and accountability: We will be open. transparent and honest in all that we do and we will be
accountable to our members for our artions.
Making a difference: Above all, we will strive to ensure that 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, national voice for our rnembers and the people they 5UPPOrt. We will campaign
for improvements in public perception, policy, legislation and practi￿ to help prevent homel￿sneSS 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 so they can deliver high
quality, person-centred, psychologically-informed services that have the greatest possible impact on people's lives.
Connect.. We will provide opportunities for our members to connect with each other, people who use services,
government and other decision makers through our events, networks and commLJnications.
Sustain: We will ensure that Cymorth is financially sustainable and can continue to deliver a high quality service for
our members. We will use our influence to ensu￿ that high quality housing and support continues to be available for
as long as people need it.
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 practices which are high quality, person-centred,
psychologically and trauma informed, evidence based, innovative, collaborative and based on strong values,
compassion and kindness.
Strengthen: We have shared eviden￿ and good practice to support improvements to services. We have delivered
training and support to our members to help them to embed PIE. We have supporteil the roll-out of evidence-based
interventions such as Housing First to ￿uce homelessness and rough sleeping.
Connect: Our events and briefings have showcased good practice from across the UK and Europe and provide an
environment for providers, landlords and local authorities to connect with experts and each other.
Sustain: We have continued to campaign and lobby for homelessness and housing-related support funding to be
increased, ring-fenced and protected from cuts.
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Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Significant Activitie5 - continued
Working with and for our members
Influence: We have listeneil to and valued our members. views and expertise. We have represented their views to
decision makers, championed their work, and advocated on behalf of them and the people they support.
Strengthen: We have supported our members and strengthened their skills and knowledge through our events,
research and training. We have also been a critical friend and challenged our members to be the best they can.
Connert: We have connerted our members with experts and decision makers through our events and
communications. We have run regular networks on key issues such as housing related support, leaming disabilities,
substance use, and Housing First. We have supported our members in north and west Wales.
Sustain: We have worked hard to maintain the confidence and support of our members, by delivering a high-quality
service that provides value for money.
Experts by Experience
Influence: We have supported people to have a voice in our events, policy and campaigns work, so that their
experiences help to shape policy, legislation and practice.
Strengthen: We have supported people to develop their skills and Confiden￿ during 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 connert with decision makers, the media and people who deliver services.
Sustain: We have encouraged our members and partners to involve people who have used services in the design
and development of policy and services, locally and nationally, for the long term.
Partnership and collaboration
Influence: We have worked with partners within and outside of the housing and SUPPDrt sertor to strengthen our
calls for changes to policy, legislation or fvnding.
Strengthen: We have strengthened our links with health. social services and justice in order to promote
collaborations with the housing sertor.
Connect: We have worked with our sister organisations across the UK and in Europe and forrned strategic
partnerships with organisations who can help us to achieve our objectives.
Sustain: We have continued to work in partnership with partners to reduce our expenditure and deliver value for
our members.
Working with the Welsh Government
Influence: We have developed a positive and constructive relationship with Ministers and officials - but we have
maintained our independence and have not been afraid to challenge policy or legislation that will have a negative
impatt on the people our members support.
Strengthen: We have worked with, scrutinised and lobbied the Welsh Government to strengthen policy and
legislation so it has a positive impact on people's lives.
Connect: We have connected our members, priorities to Welsh Government priorities, identifying opportunities to
influence the national agenda. We have highlighted the positive impact our members have on Wales.
Sustain: We have worked hard to demonstrate our value ar)d continue to be viewed as a key and invaluable partner
in the development of policy and prattice to end homelessness and sUPPOrt people to live independently in Wales.
A strong and sustainable future
The delivery of this plan is dependent on Cymorth Cymru being strong and sustainable into the future.
Financial sustainability:
We have demonstrated value for money for our members and existing funders.
We have diversified and sustsined income streams Whe￿ this helps us to achieve our strategic objectives.
We have balan￿ the need to diversify income with the need to maintain our focus and deliver value for our
members
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Page 2

Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Significant Activitie5 - continued
A strongy effective Board and staff team:
We have recruited high quality people who demonstrate their commitment to our values.
We have ensured our Board operates in the spirit of openness and transparency, providing good 5UPPOrt and
challenge to the staff team.
We have supported people with their mental health and wellbeing and create a positive work environment where
people can develop and flourish.
We have promoted equality and diversity at work and in all we do.
Public Benefit
Over the last year we have reviewed our strategic aims. objectives and activities to ensure that our work continues to
remain focused on our charitsble purpose of providing advice and support to voluntary and other agencies in promoting the
relief of persons who are in poverty, sickness and distress.
The tnjstees confimi that they have complied with the requirements of Section 17 of the Charities Art 2011 to have due
regard to the Charity Commission's guidance on public benefit.
Achievements and Performance
Charitable Artivities
Influence:
Housing Matters campaign: During 2024125, we led the Housing Matters campaign, which called for an increase
to the Housing Support Grant (HSG) in the Welsh Government's budget for 2025126. As part of this campaign, we
collerted data from our members about the pressures facing services and frontline staff, as well as the likely impart
of funding cuts. We rnet with the Cabinet Secretsry for Housing and Local Governrnent, sharing this data with her,
and urging the Welsh Government to increase HSG hjnding in the draft budget. We also submitted evidence to
Senedd committees, to aid their scrutiny of the budget. In the draft budget for 2025126, we secured an additional
£21 million for the Housing Support Grant, on top of the É13 million increase from the previous year. This means
that the HSG has grown fmm £126 million in 2020 to £204 million in 2025. As a result of the eviden￿ provided by
our campaign, the Welsh Governrnent wrote to local authorities, instructing them to use the additional funding to
increase frontline worker wages and help services to meet increased demand and complexity. Alongside other
organisations, we also made representations to the Welsh Government about the need to increase the Homelessness
p￿ventIon Grant, resulting in a 3% InC￿aSe.
National Insurance: In Ortober 2024, the UK Chancellor announced increases to employer National Insurance
contributions, which would place an additional financial burden on support providers. We worked with partners to
raise serious concerns about the impact on homelessness, Ca￿ and support services In Wales. We wrote to
Ministers, submitted evidence and advocated on behalf of our members, ensuring that they were part of the Welsh
Government's discussions with the UK Government, and we raised this issue in the Senedd. We also worked with
members, commissioners and Welsh Govemment officials to ensure that the Housing Support Grant could be utilised
to help support providers to meet the additional National Insurance costs.
Social care policy: During 2024125 we continued to highlight COn￿rn5 with the Welsh Governtnent's
implementation of the Real Living Wage in social care. We have repeatedly raised this issue with ministers and
officials, through formal Corresponden￿ and meetings, collecting data and highlighting the shortfalls facing our
members. We have also met with the WLGA and opposition politicians, prompted action from the Learning Disability
Ministerial Advisory Group, and appeared on BBC Politics Wales progrdmme to highlight this issue. We have worked
with Learning Disability Wales to support a five-year review of the'cornrnissioning for a Good Life, guidance through
surveys, workshops and analysis of the feedback. We have represented our members at the Learning Disability
Ministerial Advisory Group, Social Care Fair Work Forum, and the National Office Strategic Advisory Group, to
support the development and establishment of the National Office for ca￿ and Support. We have also been part of
the Homes Not Hospitals group, working with other stakeholders to support the development of recommendations to
bring people with learning disabilities or autism back home to their communities.
Supported Housing standards and regulation: Over the last year we have been heavily involved in discussions
about the UK Government's plans to assu￿ supported housing stsndards through greater ￿gulatIon and changes to
housing benefit regulations. In partnership with the Welsh Government, we have met with officials from the
Department for Work and Pensions on several occasions, to increase their understanding of the Welsh context. We
have also been a very artive member of a task and finish group to develop supported housing stsndards in Wales.
Following the publication of the UK Government consultation on Supported Housing Regulation, we hosted
engagement events with our members and held a meeting with social care members and partners to inform our
response. We also provided a guidance note for members, to help them to respond to the consultation, as well as
working with partners to ensure a coordinated response from Wales.
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Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Charitable Activities - continued
Housing support worl(force: Cymorth has continued to play a very active role in the Workforce Task and Finish
Group, which reports to the Ending Homelessness Natior)al Advisory Board. We have been a member of subgroups
on pay, support for staff, training and Qualifications, and commissioning, supporting this work by holding workshops,
analysing data, writing reports, and presenting the findings to the Ending Homelessness National Advisory Board.
We have also met with the Cabinet Secretary for Housing and the Minister for Social Partnership to di5CUSS the
experiences of frontline workers and the need for the govemment to improve ￿Ognition, pay and support.
Inquiry into housing support for vulnerable people: In February 2024, the Senedd Local Government and
Housing Committee held an inquiry into housing support for vulnerable people. Cytnorth provided written and oral
evidence to the committee, alongside a number of our member organisations. We had a significant impact on the
committee's report and recommendations, which includeil recommendations on funding, rapid rehousing, the
workforce, multi-agency working and Housing First.
Frontline Network Wales: Our Frontline Network Wales, run in partnership with St Martin-in-the-Fields, provides a
unique space for frontline workers to share their views and experiences, engage with national policy issues, and
access peer support. This year we held meetings to develop consultation responses to the Ending Homelessness
White Paper and the Draft Mental Health and Wellbeing Strategy. We also worked with the Senedd's citizen
engagement team to hold three sessions for frontline workers to contribute to the inquiry into housing sUPPOrt for
vulnerable people.
Improving health outcomes: Durtng 2024125 we have increased our influence withTn the health sphere,
representing the homelessness and housing sector on a number of groups, including the Welsh Government Mental
Health Partnership Board, the Welsh Governrnent National Implementation Board for Drug Poisoning Prevention, the
National Strategic Health Inclusion Group, and NHS Wales Executive groups on mental health, suicide and self-harm.
This has enabled us to highlight the particular barriers and inequalities facing people experiencing or at risk of
homelessness, as well as other inclusion health groups. influencing the development of strategies, policies and
prartice.
Cross-government influence: We provided a strong voice for our members on a number of government groups
across multiple policy a￿a$, advocating on behalf of people using services and encouraging a cross-departmental
approach to ending homelessness and ensuring people have the support they need. This includes regular attendance
and contributions at the following govemment meetings..
Ending Homelessness National Advisory Board
Rapid Rehousing Task and Finish Group
Workforce Task and Finish Group
National Strategic Health Inclusion Group
Expert Review Panel on legislative reform
Supported Housing Stsndards Task and Finish Group
Post Custody Accommodation Working Group
Learning Disability Ministerial Advisory Group
Social Care Fair Work Forum and subgroups
Mental Health National Partnership Board
National Implementation Board for Drug Poisoning P￿ventIOn
DWP Strategic Partnership Board
Welsh Government consultstions: During 2024125 we ￿pOnded to a variety of Welsh Government, Senedd, and
UK Government consultations on behalf of our members and the people they support, including..
Welsh Government.. Ending Hornelessness White Paper
Senedd Committee Inquiry.. Children and Young People on the Margins
Senedd Committee Inquiry.. Social Housing Supply
Welsh Government.. Ceasing of rough sleeper count
Welsh Government.. Proposed ban on disposable vapes
Welsh Government.. Draft Mental Health and Wellbeing Strategy
Senedd Committees.. Welsh Government Draft Budget 2025126
Senedd Committee Inquiry.. The role of local authorities in supporting hospital discharges
Senedd Committee Inouiry.. Housing Support for Vulnerable People
UK Government.. Supported Housing regulation
Representation in the media: We have continued to appear on rddio and television, highlighting the issues
affecting our members and people they support, informing public perception and influencing political debate. We
have also introduced journalists to our members and encouraged them to share their views and experiences.
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Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Charitable Activities - continued
strengthen:
Conferences and webinars: During 2024125 we ran a series of online and in-person events, featuring academics,
policy experts and practitioners frorn across Wales. the UK and around the world. These events aimed to strengthen
our members, services through the sharing of good practice and ensuring attendees are kept abreast of key policy
developments, including..
Housing First Wales Conference (July 2024)
Psychologically Informed Environments (October 2024)
Annual Conference (January 2025)
Inclusion Health Summit (March 2025)
Psychologically Informed Environments: We have continued to prornote psychologically-informed approache5
within housing and other public services, successfully advocating for a trauma-infomied approach to the new
homelessness legislation. We held a PIE conference in October and published a good practice guide, featuring our
members, work. Our Refiettive Practice toolkit, developed in partnership with Platffomi and the ACE Hub Wales was
published in February, and aims to support organisations to embed reflertion. Our PIE Network has enabled
providers and commissioners to contribute to the development of this toolkit and a report on psychologically
informed commissioning.
Youth Experiential Learning Simulation: Working with End Youth Homelessness Cymru, we have helped to
deliver two editions of the Youth Experiential Learning Simulation during 2024125. Using integrative teaching and
simulations developed in collaboration with young people with lived experience, it explores what it is like to be a
young person moving through various services and systems. including education, foster carei youth justice,
homelessness, and more. In November, we delive￿ the simulation in Bangor, to around 50 people from
government and third sector organisations. In February 2025 we delivered another simulation at the request of the
Welsh Government's request, targeted at senior decision makers in the Welsh Governrnent, local government and
other public servi￿S such as health, social care and justice. It was attended by around 80 people including the
Cabinet Secretary for Housing and Local Government.
Blue Light Card: In 2024, we were proud to work with the Blue Light Card team, Hotnewards and other partners to
extend access to the Blue Light Card to the homelessness and housing support workforce. From September 2024,
this vital workforce was able to benefit from a range of exclusive experiences, discounts and rewards. As well as the
financial benefits, this announcement provides long-overdue recognition of the critical, complex and challenging
work undertaken by homelessness and housing support workers, which often goes unseen, but transforms tens of
thousands of people's lives every year.
Housing First principle review: In 2024, we completed our review of the Housing First Wales principles, which
aimed to strengthen and re-afffirm Wales. commitment to delivering high-quality, effettive Housing First services. We
established and coordinated a task and finish group, which considered how each principle was being implemented
since the original principles were published, and whether there needed to be amendments to strengthen adherence
to the principles. We also engaged with people who use Housing First services, to enable them to influence the
review. We published the revised principles in August 2024. alongside a more detailed discussion and good practice
document.
Housing First Accreditation: The Housing First Wales Accreditation has been developed in partnership with the
Housing First Wales Network and is supported by the Welsh Government. It is a rigorous but supportive process that
assesses whether services are being delivered in line with the Housing First Wales Principles. In 2024125, we
continued to guide projetts through our accreditation process, with the Swansea Housing First project being
awarded the accreditation by the independent panel. This award was made by the Cabinet Secretary for Housing
and Local Government during a visit to the projert. The Cabinet Secretary was joined by Swansea Council's Leader,
Deputy Leader and Chief Executive, all of whom participated in a discussion about strengthening the approach to
Housing First in Wales.
Housing First data collection: In early 2025, Cymorth published the latest Housing First statistics for Wales,
demonstrating the scale and impact of this internationally acclaimed model in Wales. Data collected from 17 Housing
First projects between February 2018 and March 2023 shows that 792 people were supported by Housing First
projetts in Wales during this period, 380 people started Housing First tenancies and 91.5Wo were sustaining their
tenancy.
Inclusion health: We have been a member of the National StTrtegic Health Inclusion Group since its inception,
which reports to the Ending Homelessness National Advisory Board. The group aims to St￿ngthen inclusion health
approaches, improve access to health seNices and improve outcomes for inclusion health gmups. As part of this
work we held an Inclusion Health Summit in partnership with Public Health Wales, which shared and promoted good
prattice in meeting the health needs of people experiencing homelessness, people engaged in sex work, people in
the criminal justice system, people using substances, and Gypsy, Traveller and Roma communities.
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Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Charitable Activities - continued
Connert:
Communication: We have kept our members informed of other developments through our regular e-newsletter,
taryeted comrnunications with our key contacts, our website, network and forum meetings, and on social media.
Networks: During 2024125 we organised and ran a number of networks, which have provided invaluable
opportunities to inform our members of the latest national policy developments, as well as creating a space for
people to debate and discuss Issues, and connect with each other. These included our six Regional Provider Forums,
the Frontline Network Wales, the Third Sertor Substance Use Network, our Learning Disability Provider Group, our
Psychologically Informed Environments Network. 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-centred rnulti-agency support they
need. This includes work with officials and organisations working in housing, VAWDASV, mental health, substance
misuse, social care, welfare and criminal justi￿, as well as responding to consultations across these policy areas.
During 2024125 we developed a new partnership with Public Health Wales to deliver an Inclusion Health Summit,
connecting decision makers and service providers across homelessness, health and criminal justice.
Housing First: We continued to coordinate the Housing First Network and its subgroups, supporting the
development and delivery of the model across Wales. Cymorth has also attended meetings and conferences held by
the Housing First Europe Hub, which is overseen by FEANTSA. connerting with Housing First experts and
practitioners from across Europe and learning about developments in a range of countries.
Connecting with experts across the world: We have continued to connett with policy makers and practitioners
across the UK and the world, seeking opportunities to learn and share good prdctice for the benefit of our members
and the people they support.
Four nations partnership.. We have regular meetings with our counterparts across the UK: Homeless Link in England,
Homeless Connect in Northern I￿land, and Homeless Network
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 the last year our events have enabled our members to connert with speakers across the
UK. This has provided opportunities to learn about different policy contexts and interventions, as well as good
practice from homelessness and housing support services around the wodd.
UK-wide campaigning: This year we have worked with partners across the UK to support the campaign to scrap the
Vagrancy Act and Local Housing Allowance. supporting letters and briefings to MPS and Minister5 about these
issues.
External conferences.. Cymorth has spoken at a number of events and conferences at the request of our partners
across the UK and worldwide.
FEANTSA.. We continue to engage with FEANTSA. the European Federation of National Organisations Working with
the Homeless, working with our European partners to share learning. research and practice. We are also part of the
Housing First Europe Hub and have been artively involved in their networks and policy work.
Sustain:
Sector funding: Over the last year we campaigneil harder than ever to protect the Housing Support Grant from
cuts to the budget and to call for more funding. As described above, this resulted in an additional £21 million being
allocated to the Housing Support Grant for 2025126, on top of the £13 million increase in 2024125. While the
financial settlement for our members in receipt of social Ca￿ funding is MO￿ challenging, we continue to advocate
strongly on their behalf.
Sustainable workforce: We have lobbied effectively to ensure that the homelessne55 and housing support
workforce is a priority area for the Welsh Government. 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 to the Minister instructing local authorities to utilise the Housing Support Grant funding
increase to enable existing services to increase frontline worker wages. We have also been working with partner
organisations to raise concerns with the Welsh Goverrhment and Members of the Senedd about the shortfall in
funding for social Ca￿ providers to meet the social Ca￿ Real Living Wage pledge.
Financial sustainability: We continue to do everything we can to deliver value for tnoney to our rnetnbers and
funders. We exceeded our financial target for membership income and managed to spend less than budgeted over
the year. Our relationships with funders continue to be very positive, and we have been awarded core funding from
the Oak Foundation, which will play an important role in our continued sustainability.
Page 6

Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Governance and Staffing
Governance and staffing
We continued to deliver the aims and objectives within our existing strategic plan, which was developed following
engagement with our members about their priorities. Due to post-covid pressures and the significant amount of work being
undertaken on Welsh Government policy and legislative refomi, the PA)ard agreed to extend the Strategic Plan beyond its
original timespan. The Board were confident that the plan remained focused on the most important issues for our members
and the people they support. During 2024125 we ernbarked on the Pro￿55 of reviewing our strategic plan, with plans to
publish the new strategic plan by March 2026.
During 2024125 we had one independent Board member with experience in finance and academia, who has provided
extremely useful scrutiny and challenge. His term of office came to an end in March 2025, but the Board agreed to appoint
a new independent Board member with finance expertise in September 2025.
During 2024125 we had a very stable stsff team. with only one departure in April 2024. All current staff members have
been with the organisation since at least September 2023. We have continued to provide training opportunities for our staff,
and continued to invest in a staff wellbeing programme, which provides a range of wellbeing advice and access to
counselling for our employees.
Financial Review
Financial Position
Net incorne for the year amounted to £51,700.
At 31 March 2025 the charity had Un￿$tritted fvnds of £571.982. After taking into account the net book value of fixed
assets, the charity has free reserves of £584,028.
Reserves Policy
The trustees are fully aware of the need to retain a reasonable level of available reserves to ensure the continuance of
service delivery thmugh challenging economic times. They oversee an annual review of financial risks and identify a
sufficient level of reserves to ensure any unforeseen or unavoidable costs incurred can be met whilst at the same time
making the most of available reserves to invest in developing the organisats"on.
At the Board meeting on 7 July 2023 the trustees discussed the post-pandernic funding environment and the extent to
which charities across the UK were reliant on their reserves during this period. As a result, the Board agreed to 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 for 2023124. The reserves policy has been discussed at Board meetings during 2024125 and members continue
to be content with this policy.
Our current level of reserves exceeds the policy. this has been discussed by the Board over the last year and they have
g￿ed to tske a decision about how to utilise these funds as part of the ￿VIeW of our strategic plan in 2025126.
Principal Funding Sources
Cymorth has three principle funding sources- government funding, membership income and events income.
Cymorth has traditionally received funding from the Welsh Govemment's Housing Di￿￿Ordte to support its work with the
sector and help to deliver government priorities for homelessness and housing related support. Cymorth Cymru continues
to work in close partnership with the Welsh Government 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 work, we received a three-year ir)dicative grant allocation taking us into 2025 and we were
warded a 3Wo uplift for 2025126. However, we are acutely aware of the financial pressures on the Welsh Government and
the potential for a change in government following the Senedd elections in May 2026, and recognise that this could affect
future funding. We have, however, secured new core fundirhg from the Oak Foundation, which has been awarded for a five-
year period, subject to annual reporting. This will aid our sustsinability in the coming years, and help us to cope with any
changes to other funding sources.
Cuts to public spending could also affect our members, and therefore their ability to pay membership fet%. Another risk
factor is the merger of member organisations and the associated reduction in their fees. This is an issue that has been
discussed by our Board and will remain under consideration. However, we continue to receive very positive feedback from
our members about the work we undertake on their behalf and the impatt we have had over the last few years.
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Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Principal Funding Sources - continued
We continued to deliver an events programme during 2024125. including an increase in-person events. These were very
well received, as were 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 our events,
particularly in relation to the learning, good prattice and information on key policy developments. In March 2025 we held an
Inclusion Health Summit in partnership with Public Health Wales. which was very well received and has led to plans for a
second sumrnit in 2026.
Risk Management
Since the pandemic, charities have encountered high inflation and energy prices, increases to the minimum wage and Real
Living Wage, and changes to employer National Insurance contributions. At the Same tirne, there have continued to be
restrictions on public funding and a lack of certainty posed by year-on-year funding agreements. All organisations wholly or
partly, directly or indirectly dependent on government funding are facing an uncertain future.
Cymorth Cymru is affected by this in two ways.. by the direct funding received from Welsh Govemment and the fact that the
majority of our members receive public funding to deliver frontline services. 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 to
spend on membership and our events.
Within this context the Board carefully monitor5 key risks that need to be mitigated and consequently the level of reserves
required to ensure should public funding, membership fees or other income streams redLJce, service delivery to members
can be maintained whilst contingency plans are put in pla￿. This risk and reserves policy is reviewed on at least an annual
basis, and has formed part of our discussions about our next strategic plan.
Future Developments
Our organisational priority remains ensuring that our strategy is sound and we are able to maximise our impart on behalf of
our members and people who rely on homelessness and housing related support services in Wales.
We shall do this by..
Publishing a new Strategic plan by the end of 2025126.
Influencing the Homelessness and Social Housing Allocation {Wales) Bill as it proceeds through the Senedd.
Continuing to campaign for increased funding for the homelessness, housing support and social care sector.
Continuing to campaign for InC￿aSed pay and support for frontline workers.
Continuing to provide a high quality, cost-effective, value for money service tr) our funders and members.
Ensuring we maximise the opportunities for members to share and learn from each other and others outside the
sector through our programme of events, network meetings and policy briefings.
Continuing to art as a 'critical friend, to Welsh Government, as part of the third sector's role in holding government to
account.
Continuing to promote and incorporate the views of frontline workers and experts by experience in our work.
Structure, Governance and Management
Governing Document
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 of Association. Members of the Board a￿ the charity trustees and the directors
in company law.
Trustee Selection Methods
The Board of Cymorth is made up of a number of trustees (currently 9), including Member Trustees and Independent
Trustees. Member Trustees must make up a minimum of 66Wo 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 a￿ appointed by the members at the Annual General Meeting.
The charity appointed its first three independent tnjstees in early 2016 thmugh an open and transparent recruitment
proce55. They were invited to join the Board with a vrew to erhsuring that the Board contains an appropriate balance of
skills, knowledge and experience relevant to the governance reouirements of the organisation. The appointment of
In(Jependent Members is approved by members at the Annual Generdl Meeting.
Page 8

Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Induction and Training of Trustees
The Chair and Director are responsible for planning trustee recruitment. induction. training and review. A comprehensive
induction for all new trustees provides guidance on their legal responsibilities and obligations. The induction also provides
an overview of the operations and practices of Cymorth Cymru.
With the notable exception of trustees, the charity does not rely on the Se￿iceS of unpaid volunteers or donations from the
general public. The day to day running of the charity is delegated by the Board to the Director and staff team.
Organisational Structure
The Cymorth Board has overall responsibility for the strategic leadership, govemaftce and appropriate management control
of the organisation. The Board is also responsible for ensuring that Cymorth fulfils its legal duties.
It ha5 three primary functions-
To set and ensure the organisation stays focused on delivering its mission and strategyi
To ensure that the charity complies with its governing docutnent, charity law and other legal requiretnents
As part of its scrutiny and stewardship funrtion, to provide support and constructive challenge to the management
team, in particular the Director.
Reference and Administrative Detsils
Trustees
M Dar (resigned 3110312025)
S Lewis (appointed 0110412025)
N A Yates (appointed 01104120251
K A Ellis (appointed 0110412025)
S Ali (appointed 0110412025)
S J Austin {resigned 3110312025)
C Davies
C Docherty
P Richardson
A Belcher (appointed 0110412025)
L M Thomas {appointed 0110412025)
N Hayes {appointed 01104120251
S Aldridge
Company Secretary
K Dalton
Charity Number
1116774
Company Number
05093332
Registered Office
Temple Of Peace King Edward Vii Avenue
Cathays Park
Cardiff
CFIO 3AP
Auditors
HSJ Audit Limited
Severn House
Hazell Drive
Newport
NPIO 8FY
Page 9

Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
Bankers
The Co-operative Bank
PO Box 250
Skelmersdale
Solicitors
Geldards LLP
Dumfries House
Dumfries Place
Cardiff
Page 10

Cymorth (Cymru)
Trustees, Report (continued)
For The Year Ended 31 March 2025
statement of Trustees. Responsibilities
The trustees (who are also the directors of Cymorth (Cymru) for the purposes of company law) are responsible for preparing
the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees
must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of
the charitable company and of the incoming resources and application of resources, including the income and expenditure, of
the charitable company for that peri(Id. In preparing the financial statements the trustees are required to..
select suitable accounting policies and then apply thern consistently-
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent,. and
prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the company
will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the
financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corpordte and financial information included on the
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdirtions.
statement of Disclosure of Information to Auditors
Each of the persons who are trustees at the time when this trustees, report is approved has confirmed that..
so far as the trustee is aware, there is rKJ relevant audit information of which the charitsble company's auditors are
unaware. and
they have taken all the steps that they ought to have taken as trustees in order to rrake themselves aware of any
levant audit information and to establish that the charitable company's auditors are aware of that information.
Small Company Rules
This report has been prepared in accordance with the special provisions ￿lating to companies subject to the small companies
regime within Part 15 of the Companies Act 2006.
The trustees. report was approved by the board of trustees and signed on its behalf by..
S Aldridge
Trustee
5 Novernber 2025
Page 11

Independent Auditor's Report
to the Members of
Cymorth {Cymru)
Opinion
We have audited the financial statements of Cymorth (Cymru) (the 'charity') for the year ended 31 March 2025 which
comprise the Statement of Financial Artivities (including Income and Expenditure Account), Balance Sheet and the related
notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their
p￿paratIOn is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Rep4Jblic of Ireland"
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming
resources and application of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Gener3lly AC￿pted Accounting Prattice; and
have been prepared in accordance with the requiremer)ts of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard, and the provisions
available for small entities, in the circumstances set out in note 22 to the financial statements, and we have fulfilled our other
ethical responsibilities in accordance with these requiretnents. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that,
individually or collettively, may cast significant doubt on the charitable company's ability to continue as a going concern for a
period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿r￿ are described in the relevant
sections of this report.
Other Information
The other information comprises the infom)ation included in the annual ￿pOrt, other than the financial ststements and our
auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our
opinion on the financial statements does riot cover the other information and, except to the extent otherwise explicitly stated
in our report, we do not express any form of assurance conclusion thereon. In connertion with our aLJdit of the financial
statements, our responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or appa￿nt material misstatements, we are required to
determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are reqUI￿d to report
that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Art 2006
In our opinion, based on the work undertaken in the course of the audit=
the infortnation given in the Trustees, Report, which includes the Director's Report prepared for the purposes of
company law, for the financial year for which the financial statements are prepared is consistent with the financial
statements,. and
the Director's Report included within the Trustees, Report have been prepared in accordance with applicable legal
requirements.
Page 12

Independent Auditor's Report (continued)
to the Members of
Cymorth {Cymru)
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the
audit, we have not identified material misstatements in the Director's Report included within the Trustees, Report.
We have nothing to ￿port in respect of the following matters in relation to which the Companies Att 2006 ￿qUI￿$ us to
report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us. or
the financial statements are not in agreement with the accounting records or retums,. or
certain disclosures of trustees, remuneration specified by law are not rnade. or
we have not received all the infomiation and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and
tske advantsge of the small companies, exemptions in p￿parIng the Trustees, Report and from the requirement to
prepare a Strategic Report.
Responsibilities of Trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page 1-11, the trustees (who are also directors
of the charitable company for the purposes of company law) are ￿spOnSible for the preparation of the financial ststements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary
to enable the preparation of financial statements that are free frotn rnaterial rnisstaternent, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but
to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users tsken on the basis of
these financial statements.
The extent to which our pmcedures are capable of deterting irregularities, including fraud is detailed below..
Enquiry of management and those charged with governance around actual and potential litigation and claims as well
as artual, susperted and alleged fraud,.
Assessing the extent of compliance with the laws and regulations considered to have a dirert material effect on the
financial ststements or the operations of the entity through enquiry and inspection,.
Reviewing financial Statement disclosures and testing supporting documentation to assess compliance with applicable
laws and regulations.
Identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to
supporting docurnentstion. These included those posted to unusual account cornbinations-
Assessing whether revenue has been accounted for in the correct period and the existence of revenue at the cut off
date based on the adopted accounting policy for revenue.
Because of the inherent limitations of an audit, the￿ is a risk that we will not detett all irwularities, including those leading
to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more than
compliance with a law or regulation is rernoved frorn the events and transactions reflected in the financial statetnents, as we
will be less likely to become aware of instances of non-compliance.
The risk of not detecting a material misstatement resulting from fraud is higher than for one result from error, as frdud may
involve collusion, forgery, intentional omi55ion5, rriisrepresentations, or the override of an internal control.
A further description of our responsibilities for the audit of the fir)ancial statements is located on the Financial Reporting
Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's ￿pOrt.
Page 13

Independent Auditor's Report (continued)
to the Members of
Cymorth {Cymru)
Use Of Our Report
This report is made 501ely to the charitable cornpany's wnembers, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those
matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's
members as a bodyi for our audit work, for this report, or for the opinions we have formed.
Andrew Hill FCCA ACA DChA BFP {Senior Statutory Auditor)
for and on behalf of HSJ Audit Limited, Ststutory Auditor
17 November 2025
HSJ Audit Limited
Severn House
Hazell Drive
Newport
NPIO 8FY
Page 14

Cymorth (Cymru)
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Unrestrirted Restrirted
funds
funds
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Charitable attivities..
Membership
Research, policy and prartice
Training and events
Investments
106.450
241.370
24.774
21.312
106,450
295,267
24,774
21,312
106,375
301,454
15,159
5,189
53,897
393,906
53,897
447,803
428,177
EXPENDITURE ON:
Charitable activities..
Membership
Research, policy and practice
Training and events
(95.629)
(95,629) (89,836)
{215,677) (74,100) (289,777) (275,766)
{10,698)
(10,698) 114,157)
{322.004) (74,100) {396,104) 1379,759)
NET INCOME
71,902
(20,203)
51,699
48,418
NET MOVEMENT IN FUNDS
71.902
(20,203)
51,699
48,418
RECONCILIATION OF FUNDS:
Total funds brought forward
500,080
32,248
532,328
483,910
TOTAL FUNDS CARRIED FORWARD
571,982
12,045
584,027
532,328
The notes on pages 18 to 25 form part of these financial statements.
Page 15

Cymorth (Cymru)
Comparative Statement of Financial Activities (including Income and Expenditure
Account)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Charitsble activities..
Membership
Research, policy and prartice
Training and events
Investments
106,375
229,539
15,159
5,189
106,375
301,454
15,159
5,189
71,915
356,262
71,915
428,177
EXPENDITURE ON:
Charitable activities..
Membership
Research, policy and practice
Training and events
(89,836)
(89,836)
(217,064) (58,702) (275,766)
(14,1571
114,157)
(321,057) (58,702) 1379,759)
NET INCOME
35,205
13,213
48,418
NET MOVEMENT IN FUNDS
35,205
13,213
48,418
RECONCILIATION OF FUNDS:
Total funds brought fO￿ard
464,875
19,035
483,910
TOTAL FUNDS CARRIED FORWARD
18
500,080
32,248
532,328
The notes on pages 18 to 25 form part of these financial statements.
Page 16

Cymorth (Cymru)
Balance Sheet
As At 31 March 2025
2025
2024
Unrestrirted Restrirted
funds
funds
Total
funds
Total
funds
Notes
FIXED ASSETS
CURRENT ASSETS
Debtors
13
81.261
506,044
81,261
619,757
107,896
460,705
Cash at bank and in hand
113,713
587,305
113,713
701,018
568,601
Creditors: Amounts Falling Due Within One Year
14
{15,323) (101,668) (116,991) 136,273)
NET CURRENT ASSETS (LIABILrrIES)
571.982
12,045 584,027
532,328
TOTAL ASSETS LESS CURRENT LIABILITIES
571.982
12,045
584,027
532,328
NET ASSETS
571,982
12,045
584,027
532,328
FUNDS OF THE CHARITY
Restricted Funds
un￿strICted Funds
12,045
571,982
32,248
500,080
TOTAL FUNDS
584,027
532,328
These accounts have been prepared in accordance with the pmvisions applicable to companies subject to the small companies
regime.
On behalf of the board
S Aldridge
Trustee
Date
The notes on pages 18 to 25 form part of these financial statements.
Page 17

Cymorth (Cymru)
Notes to the Financial Statements
For The Year Ended 31 March 2025
l. General Information
Cymorth (Cymru) is a company limited by guarantee, incorporated in England & Wales, registered number 05093332 and
registered charity number 1116774. The registered office is Temple Of Peace King Edward Vii Avenue, Cathays Park, Cardiff,
CFIO 3AP.
2. Statement of Compliance
The financial statements have been prepared in accordance with the Charities SORP {FRS 102) "Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive l January 20191- Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies
Att 2006.
The financial staternents are presented in Steding {£}. the company's functional currency, and rounded to the nearest pound.
The significant accounting policies applied in the p￿paratIOn of these financial statements a￿ set out below. These policies
have been consistently applied to all years presented unless otherwise stated.
3. Accounting Policies
3. 1. Basis of Preparation of Financial Ststements
The financial statements have been prepared under the historical cost convention.
The charitable company is a Public Benefit Entity as defined by FRS 102.
3.2. Going Concern Disclosure
The trustees have not identified any material ￿n￿r￿lAtIeS ￿lated to events or conditions that may cast significant
doubt about the charitable company's ability to continue as a going concern.
3.3. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fvnd is included in the notes to the financial statements.
3.4. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to 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 attivities includes income received under contract or where entitlement to grant funding is
subject to specific perfomiance conditions. This income is recognised where there is entitlement, when the receipt is
probable and the amount can be measured reliably.
Income is deferred when the amounts received are in advance of the performance of the service or event to which
they relate. Membership fees are accounted for in the period to which they relate.
other trading activities are recognised as the related services are provided and there is entitlement, probability of
receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts received are
in advance of the delivery of the service or event to which it relates.
Investment income is recognised on a re￿1vable basis.
It is not the policy of the charity to show income net of expenditu￿.
Page 18

Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3.5. Resources Expended
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 a transfer of economic ber)efits will be required in settlement and the amount of
the obligation can be measured reliably. Expenditu￿ is accounted for on an accruals basis and has been classified
under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditu￿ on charitsble activities comprises those costs incur￿￿ by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of
an indirect nature to support thern.
Support costs are those costs that, whilst necessary to deliver an attivity, do not themselves produce or constitute the
output of the charitable artivity. This includes governan￿ costs which are those costs associated with meeting the
constitutional and statutory requirernents of the charity and include the accountancy fees and costs linked to 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 fully 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 categories on a basis desig'ed to reflect the use of the resource. Costs
relating to a particular activity are allocated directly- others are apportioned on an appropriate basis.
3.6. Tangible Fixed Assets and Depreciation
Fixed assets are initially recorded at C05t. Only assets Y4hich cost £500 or more are capitalised.
Tangible fixed assets are meaSU￿d at cost less accumulated dep￿latIOn and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their esb'mated residual value,
over their expected useful lives on the following bases-
Plant & Machinery
Fixtures & Fittings
33.33% on cost
25Wo on cost
3.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are
depreciated over the shorter of the lease term and their useftjl lives. Assets acquired under hi￿ purchase contracts a
depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of
ownership are assumed by the charitable cotnpany. Obligatlons under such agreements are included in the creditors
net of the finan￿ charge allocated to future periods. The finance element of the rental payment is charged to the
statement of financial activities so as to produce a constsnt periodic rate of charye on the net obligation outstsnding in
each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the
les50r are charged to the statement of financial activities as incurred.
3.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposit5 held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3.9. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3.10. Pensions
The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement
of Financial Activities as they becorne payable in accordance with the rules of the scheme.
Page 19

Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Income from Charitable Activities
2025
Unrestricted Restricted
fund5
funds
Total
funds
Membership..
Membership
Research, policy and practice..
Grants
Training and events..
Events
106,450
106,450
241,370
53,897
295,267
24,774
24,774
Grants
372,594
53,897
426,491
2024
Unrestrirted Restricted
funds
funds
Total
funds
Membership..
Membership
Research, policy and practice..
Grants
106,375
106,375
229,539
71,915
301,454
Training and events..
Events
12,889
2,270
12,889
2,270
Grants
351,073
71,915
422,988
Page 20

Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Grants, included above, are as follows..
2025
Unrestricted Restricted
fund5
funds
Total
funds
Welsh Government Homelessness Prevention Grant: Core Funding
Other Welsh Government Grants
st Martin in the Field Frontline Network
Oak Foundation Expert5 by Experience
Platfform
232,205
5,000
232,205
5,000
37,956
15,941
4,165
37,956
15,941
4,165
241,370
53,897
295,267
2024
Unrestricted Restricted
funds
funds
Total
funds
Welsh Government Homelessness P￿ventiOn Grant: CO￿ Funding
Other Welsh Government Grants
227,017
4,792
227,017
4,792
33,657
38,258
St Martin in the Field Frontline Network
33,657
38,258
Oak Foundation Experts by Experience
Platfform
231,809
71,915
303,724
5. Investment Income
2025
2024
Llnrestrirted Unrestricted
funds
funds
Bank interest receivable
21,312
5,189
Net Income/(Expenditure)
The net income is stated after charging/(crediting)'.
2025
2024
Bad debts
Depreciation of tangible fixed assets - owned
699
2,400
506
7. Analysis of Expenditure
2025
Activities
undertaken
directly
Support
costs
(see note 8)
Total
Membership
Research, policy and prdrtice
Training and events
78,703
239,813
8,669
16,926
49,964
2,029
95,629
289,777
10,698
327,185
68,919
396,104
Page 21

Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2024
Activities
undertaken
directly
Support
costs
(see note 8)
Totsl
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
8. Support Costs
2025
Research.
policy and Training and
practice
events
Membership
Total
Employee costs
General administrdtion
11,602
1,610
3,714
35,532
4,558
9,874
1,209
229
48,343
6,397
14,179
Governance costs
591
16,926
49,964
2,029
68,919
2024
Research,
policy and Training and
prartice
events
Membership
Totsl
Ernployee costs
General administration
Depreciation
Governance costs
10.229
1.057
25
4,229
29,051
3,001
72
1,637
169
40,917
4,227
ioi
16,916
12,010
677
15,540
44,134
2,487
62,161
9. Auditor's Remuneration
Remuneration received by the charitsble company's auditors and their a￿oCIateS during the year was as follows..
2025
2024
Audit Services
Audit of the company's financial statements
4,350
5,000
Other Services
Other non-audit Se￿iceS
640
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Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. staff Costs
Staff costs were as follows:
2025
2024
Wages and salaries
Social security costs
Other pension costs
275,539
22,878
18,896
271,075
21,739
17,135
317,313
309,949
The number of employees whose employee benefits (excluding employer pension costs) for the ￿porting period exceeded
£60,000 was:
2025
2024
£60,000 to £69,999
The total key management personnel remuneration benefits during the year was £177.109.
11. Average Number of Employees
Average number of ernployees during the year was- 8 {2024- 8)
12. Tangible Assets
Plant &
Machinery
Fixtures &
Fittings
Total
Cost
As at l April 2024
Disposals
2,112
(2,112)
766
{766)
2,878
(2,878)
As at 31 March 2025
Depreciation
As at l April 2024
Disposals
2,112
(2,112)
766
2,878
(2,878)
1766)
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at l April 2024
13. Debtors
2025
2024
Due within one year
Trade debtors
11,170
70,091
11,098
96,798
other debtors
81,261
107,896
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Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
14. Creditors: Amounts Falling Due Within One Year
2025
2024
Trade creditors
other creditors
Taxation and social security
Accruals and deferred income
48
2,472
1,291
10,069
22,441
1,348
1,199
114,396
116,991
36,273
15. Deferred Income
Deferred income movements in the year were as follows=
2025
2024
Balance at the start of the period
Income deferred in the current period
Amounts released in income from previous periods
13,024
101,666
(13,024)
15,454
13,024
115,454)
Balance at the end of the period
101,666
13,024
16. Other Commitments
The total of future minimum lease payments under non-cancellable operdting leases are as following:
2025
2024
Not later than one year
12,128
12,128
12,128
12,128
17. Pension Commitments
The charitable company operdtes a defined contribution pension scheme. The assets of the scheme are held separately from
those of the charitable cornpany in independently administered fund.
During the year the charge to the statement of finanoal attivities in ￿pert of defined contribution schemes was £18,896
(2024: £17, 135).
At the balance sheet date contributions of £NIL were due to the fvnd and are included in creditors.
18. Movement in Funds
As at l April
2024
As?t31
Expenditure March 2025
Income
Unrestricted funds
General:
General unrestrirted fund
500.080
393,906
(322,004)
571,982
Restricted funds
..CONTINUED
Page 24

Cymorth (Cymru)
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
St Martin in the Field Frontline Network
24,647
7,601
37,956
15,941
(52,400)
(21,700)
10,203
1,842
Oak Foundation Experts by Experience
Total restricted funds
32,248
53,897
(74,100)
12,045
Total funds
532,328
447,803
(396,104)
584,027
As at l April
2023
Asat31
Expenditure March 2024
Income
Unrestricted funds
General:
General unrestrirted fund
464.875
356,262
(321,057)
500,080
Restricted funds
St Martin in the Field Frontline Network
16.933
2,102
33,657
38,258
(25,943)
(32,759)
24,647
7,601
Oak Foundation Experts by Experience
Total restricted funds
19,035
71,915
(58,702)
32,248
Total funds
483,910
428,177
(379,759)
532,328
19. Transactions with Trustees
None of the trustees received any remunerdtion or any other benefits from an employment with the charity or a related entity
during the current or previous year.
During the year the expenses reimbursed to the trustees or paid direttly to third parties were as follows:
2025
2024
Travel
120
Number of trustees reimbursed for expenses during the year was O {2024: 2)
20. Related Party Disclosures
21. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every mernber of the company undertakes to contribute to the assets of the cotnpany, in the event of a winding up, such an
amount as may be required not exceeding £1.
22. FRC'S Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nattjre we use our auditors to prepare and submit returns to the tax
authorities and assist with the prepardtion of the financial statements.
Page 25