2024-03-31-accounts

HARITY REGISTRATION NUMBER: 1163822 Cardiff YMCA (1910) Trust Financial Statements 31 March 2024 CARSTON Chartered accountants & statutory auditor 1 st Floor. Tudor House 16 Cathedral Road Cardiff CF119LJ

Cardiff YMCA (1910) Trust Flnanclal Statements Year ended 31 March 2024 Page Truslees, annual report Independent auditorfs report to the members Statement of financial activilies 13 Statement of finandal popitfon 14 Stalement of cash fiows 15 Notes to the finandal statements 16

Cardlff YMCA (1910) Trust Trusto08' Annual Report Year ended 31 March 2024 The trustees present thar repcKI 8nd thg ￿nI￿1 $taterrnts of Ihe tharity for the ￿r 8nded 31 March 2024. Reftr•nc• and •dmlnlstrnilve d•t•ll• R•glst•r•d ch•rfty nam• Cwthff YMCA (1910) Tnt Ch•rlty r•gl•trallon numb•r 1163822 PrinGlpal offlc• YMCA The W8lk cardiff Th• tru8t••s Mr R Coom Mr J Dttlechild MBE. JP Mr S Kedde Mr M Hales Mr J Bettles Mr G Ashf Mr P Willi8ms (App)inted 24 Juty 2024) Honorary Pr••ldant A Crocker Chhl Ex•cutlv• K*¥ J Johnson Audltor Cgrston Ch8rtered accountants & Statu￿Y $udttor 1st Aoor. Tudor House 18 Cattthl Road Cardfl CF119LJ Bank•r• Lloyds TSB 14 The Glcth Centre Wellfield Road Roalh Cardrff Sollcltorn Clarke Wil1rr￿ Sokcilor5 Emperor House Scott H8rb)ur ert￿ad Strget Cardrfl CF10 4PH

Cardiff YMCA (1910) Trust Tru8tee8' Annual R•port (¢¢¥rthNx Year •nd?d 31 March 2024 ObJ•ctlves and actlvlll•8 The Trustees confirm that Ihey have rpfmd to the gurd8￿ conlained in the Cknarilies Commkssron's general guldance on publiG teneffii when Cdiff YMCA (1910) Trust aim5 objectives and in pLqnning ftjlure thltles. The objectives of th8 ctt￿ty are 88 folbws: {11 To further s￿h ch8rftsble purposes for the benefft of the Cardrff YOUNJ Men'8 Chrt8tlan Assouolion os the trustee5 see fft from time to tlme kn Part￿Ular ty. Providing finance and supyiwvj the associat￿.¥ ctharttable wc# In the community {induding supportlng actfvilltss vthlch ertW8ge 8r¥J develop ts indpmlual's mlThJ, body and splrti}.' {bl Holding woperty tr tharilablg ￿ Y￿thI) tha South Wal&s region: and {c} Ho￿Ing propaty and other as80ts for knvestrnenl purpow 11 in the Opkn1￿ of thg tru8toe8 th1$ would lurther the assodailon's charltat49 Pu￿0$e$. (21 To further suth other charitable purposos In the S(MAh Walgs rtyion as the truste86 see ffil In partthlaf but rYJt exdusi¥oty by reliwrrfJ home￿6r￿$S and the charitsbk need5 of young peoF4e. Strnt•gy for achl•vlng th• obl•cls Cardrfl YMCA119101 Trust aims to clo8ety Ihe CaT(liff Young Men's Christian Associgtion Ltd by supporting them both financialty and in Iheir work Sn the Community. Thls support Includes aCt￿leS whlch erwurage and devtl¢Jp the indiwdual's miTrJ, body and sp1￿1 to empower and educate young Feoplg In making Infomi8d cholces in regards to their own self4evelopmènl Includlng SUPPOrt to Young Carers Project. It olso kJhJ$ propety and otsr assets for invostrnent purp￿e￿ il in the cplnlon of th8 Trustees Ihis wwld furtsr tt)& dwritsble rAxposes. The Chartty belleves that by IwKlirwJ lo intemal and extemal c4)arfles. volunt8ry d8nisaUons and il can make a difference vithin the Communtt￿ th8 South Wo108 region ￿lch supports projects that devekjp Ihe indNidual's mind, body aThJ spirit. Grnnt m•klng pollcy •nd how th1• ach￿¥• th• ch•rfty'• alm• In maknng grants for 8chieMng obiecbve 1. the charity $6eks lo emFQV•W and edu￿18 young Pgople in maklng infomed choices in reg8rds to their sdf4evelopment. WhSlsl support is given for oviding inter4Jenerallonal serylces for Ihe VI￿18 c￿MunIty. the priority Is young pgopb. partlcuJ8rly In times of need. In 8ccord8nce Current Charity Commission g￿delInes, the Trust has dèmsed thè following grant-makkng pollw for athietring obi￿tiVe 2 Ih¢thelessness and chafilable need5 of young peop￿) in order to.. al a55iSt 4Jplitants to detemilne thether or ￿)t ￿ applKat%>n to th8 charity be 8PFxoWe bl ensure Ihat a con%stent apwDth is adoptsj to ts cms*knl>)n of appllc8tlons for nancial supwt I to ensure 8Oic8tlons are genuine and systsms are robust er¥Jugh to p￿Vent fraud. d) the Iruslees seek to supwt those acliwtie5 for purposes hglp further the objects. el the want makSng polScy 15 cArculated extemalty vrith a ftjrxling appli￿tion form. The furKling aFplicatNJn fomi is submitted lo ts d￿rity whereby the trugtees make an thed deci￿n as to whether or not the fvnding application is successful. The above is rggulady revivwed by the Board of M￿agame￿t in D)MF41￿￿e wtth Diligence and Changes within communitie5.

Cardiff YMCA (1910) Trust Trusleos. Annual Report Year •nded 31 March 2024 A¢hhvem•nt¥ and perforn)anc• In additbn lo the regu18r fundirwj. charity has been vthing dosety with Cardff Young Men's Cthstian Association and in partthiar have been Ii8L%ing V•lth them wfth regard to approathing Cardrff Council vAth 8 view to wrchasing Ihe freehold of the propty presenty le85ed by C8rdrfl Young Mgn's Christian Ass￿la￿0n knwn as Prasn￿dd C(xnmunity Centr8. An offer has been made lo Cardtff Courril towards purthaslng Il freehold. which in tum mean that the propety woukl tecome and asset ol Cor(fiff YMCA11910 Trust) and then lease the woperty to Cardrff Ywng Men's Christian Association 01 pepper¢(￿ rent. Thls would wure the future and further any redevelopment ol the centre lo tr8nsfomi il whlth Vlqll alkm them lo mointain and fvrther grow and develop thelr cuffenl projects aTrJ diver5rfy into other afeas of support for young vuknerable people Inclusive of child care provisk)n: health and wellbeing and sP￿ts facilib88. Thr6 will grylch the lives of the local ¢x¥nmunity and promde muth n8eded Se[w￿ wi ts kxallty. Tho offer made to Cardiff Council is still In the negotiation stage. Cardlff YMCA Housing Is adaptiTrJ the TnJsfs prci)ety knm as B8dford Placa. Thls #daptst￿n will 8llow for 18 sdfts them with housing for ￿MelesS and ¥l￿nerable people eontinues. Leasing propety to Llsvanè Cdeket Club C¢￿tin￿3. The term of the lèasè has extended and h8s enableej them to secure further fundkng KI attrxt young peopie within ihe (¥￿MUnty to play sport vthlch enh8nos Ihelr wdlbein9. The ch8rity has also tskan steps for acPMevkng 0tr4xI 2 and has fomially $kVToved the proc8899S to achieve these obiectfv8s. Beneficl8ri08 under the Grant Fundtng Scheme to dato for Ihis p￿d arg:. C8rdiff YMCA Ltd,. Cwiliff YMCA HowlrvJ Assooallon. Litug Lwnge." LO￿ W8les,' Mothers Mattgrs CIC.. NOw￿rt Yemini Foundation.. RSCPA: Settled IT Cymru,. SJ Dar￿e.. Sound ProgressKJn.' Swansea Musr Art.. Tgbernaclo Chapel.. the Adjuda Foundation.. V811eys Dafftsjil,. Wal6B Home EdUca￿on'. Amdanl Hi.. Bery Athletic U12,. Cardiff Dr8wns FC. Community Impact Inili8tive" Create Caerphllly.. Dinas Powys Crkkd Club: Duffryn Community Linj. Equine Charity". Holl¢￿ Roa(1 AFC., Kid Cancer Charity,. Touch Trust., I Carg: St. Mn¢enl Centre," Cardtff Cty Ladiès Fwtball Club., Make 8 Smile.. Margam Youth Activities.. kn'banus.. Porthc8vA Stroke Club.. BARC ad￿1 resource centre.. Breeon Mcmjntain Rescue Team.. Dinas Pow Bgptst QMKch: Helping ￿tIng Team Chwlty., Krf8hn8 Cymnj; St. John Ambulance Cymru. Grant funding 01 £2fE,659 was Pro￿ crA7wared to £322.892 ￿ the proviou8 yoar. The Charity has continuBd w￿lry wllh gjb groups dury its expansbon to support leases.. propwtses,. Funding aThJ Tenns of Reference. The sub groups consist of most appropriately tralned trustees to sit on irKlrvidual sub grDUPS who then take thek reccrfnmendalions to ts full trustae meetings by $9tbng up these sub groups rt wll leavo the trustee meeUTh> more tlme to continue focusing on the charity gnsurfng it meets its (￿jec11ves.

Cardiff YMCA {1910) Trust Trustèos, Annual Report Year ended 31 March 2024 The Charilles Webslte 15 now upJ8ted every 3 rnonth5 arwj are er¥J￿Ing in soclal med5a wth F￿ebod£. Twtter etc. The web￿le is intend&J lo promote the f8Ct The Trust have a Grant Fundirg Scheme in place and hgpefully il will encourege smaller charikn"eslgroups to 8ppty f￿ f￿dIng would not normalty bg aGcessible lo them. V8luatlons have been undertaken thls year on Ihe Tr￿.¥ propwtsos ft>r Insura￿8 puws. Flnanclal r•vl• Fon•￿1•1 PosStlon - r•vl•w at Ih• •nd of th• rtportlng p•rlod Totai income for the year was £294.46912023". £156,921). The main SOU￿ of incom8 are, rental Inc¢)m8 from th8 ￿aSIng of inveslment properties lo Cardrff YMCA HousirKJ Association and retum on investments. Gfft aid dOnat￿n of £ll5,(￿￿112023.. £23,074) was re￿Ived from the subsKliary Green Wlllow Funer818 Llmiled. Chgtit8bl• ¢xpnditur¢ of £270.738 121Y23.. £394,968) Ir￿ude$ grant pald to Cardrfl Young M8n'$ Christian As$ccFation of £1fKJ.OCh) {2023 ..£100.CQO). Grants p•d to other in6trtuth)n$ amounted to £106,65912023 .£22.8¥2). galn in invMlffnls of £83,61r2 is mainty (￿8 kn extwngl mwkei ¢￿dItIons. Inv••tm•nt •nd Cmh P•rfornMnc• Th? value of the Charth Stanley Investm￿ manageAI portfollo was £1,488,51312023.' £1,484,870). Total relufns from the investrnenls amounted 10 £33,34312023.. £33,465). Portfolio retum8 ho￿￿or conllnue to have been achieved with a loww level of vdolility (risk). Slep8 have been taken to provide a bedrctk of sustsinable growing 1￿me over the k)nger tenn. The value of Lloyd8 Charty A¢C￿jnt on Ihe 3110W2024 £113,4(K12023'. £201.929). Inv••trn•nt Poll¢y This polw stslemgnl hos bgen prepared by Iho Tru6kn88 to sY¥a guldance as to the asset management functions ShoU￿j be exercised by our agenl. Charbes Stanley. It has teen fomulaled with a view to en$￿n9 that asset management functlons VAII be exerused in the best interests of the investment fund5 wlh an 8cceptsble level of rlsk. R•¥¢r￿ Pollcy The Car¢lrff YMCA11910> Trust reguhrty review the 8mounl of fijnds that the Chadty requlre8 to 8n8ure th81 they are odgquots lo luffil ts chgnty's ￿ntinUing obligations. Genernl reserveg al the y￿1 eNJ 31 Ma￿h 2024 were £4,018.821 (2023.. £3.911.488} kncludlng Inve81ment property fund of £2,115,(￿. The Inve8lrrnt prowty fvnds wa$ set up last year a8 this gwes a clearer Ficture of the reseN8s lor th8 tharity. These funds 8re nol raadity availab￿ 8S th9y are for scéal Invastmenl arKI retum b351& Therè vre no restrKAed res¢Nes. Free rewvos amounted lo £189.91912023.. £210,55n. Rlsk M•nag•m•n¢ The Trustees activeiy rewew tre m4or rlsks the Charity faces on a regular basis arKI believe that maintaining reserve5 at current levels, oJmixned bwlh an 8nnual wew of the controls over key financ1* systems, ￿11 wovkje sufficknt resourc•s In the event of 8okne ￿nditions.

Cardlff YMCA (1910) Trust Trustees, Annual Report Year ended 31 March 2024 Plans for firtur• periods The charity has extended its fLsndiThJ wthln the o)mmuruty to support PTQigcts vhth a weater value of ftjnding over a possible 3 year funding. To create OFPOrtunities for e¥w0￿, young orold. thre support is ngeded to allow pecple to gr(Y•V. Cr8ale better eommunlties by enrtching lives and erKouraging positive social Imw Support disadvantaged gr0ups1pe¢)p￿ wtth theff educab'cM)al. soc￿. phys￿1 and psychoJogic81 needs in order to 6nat48 positive charge. The charity is stlll I￿lSing Cardlff YMCA Ltd and the C¥diff CoulK￿ thlth 8 ￿eW to wrchasing the freehofvd of the propety kncmn 88 PIa$nw￿d CcrfnmuThty Centro. blhlch is cu￿entty loased lo Cardrff YMCA Ltd by the Cardffl Coundl. W Ihis purchase rs successfijl th8 chartty I￿Ur any n¢¢ess8ry sts lo obtain the froehold and would then iease to Cardrff YMCA Ltd al a peppgrccm rent whllsl rètsining th6 Asset. ThL8 w(MJkl ensure &Jditi(Thl security In thg bng temi to Cjrdrff YMCA Ltd StruC￿r•, gov•rnanc• and man•g•m•nt The Cardiff YMCA 11910) Trust wesents eighth report thg with the fin8nral stateménts of the Charity for the year end8d 31 March 2024. Th8se finandal statements have be￿ wep8r8d In ryih FRS 102, The Fln8neial R8porbn9 Standard opplicable In UK and ts ReputAiG of Ir8land'. the Stsiement of Recommended Practice 8ppllcable to charities preporing ￿1r occcwjnts in aceordancè Wilh the Flnanck81 Rewrting Standard appllcèble in thé UK and Repubfic of Ireland IFRS 102) {Charlti&$ SORP IFRS 1021) and thè Charllles Act2011. Natur• of th• Charlty'• Gov•rnlng Dwument The Cardiff YMCA 1910 &Jccesscr Twsleès was c<>n$tituted uThJer a Trust Dsed In 1910 and regSstered by aulhorisatlon of the Chanty Commlssion on thè 17 October 2005 under th¢ charlty number 1111710. In October 2015 the Cha￿ty Commisslon regislered ihg Cardwf YMCA11910) TNst a8 a new Charita￿0 Ints)rporaled Organisalion {Reglslered CIO.. 1163822). The charrty does not aclivety fundrai58 and ￿kS to continue helrlng IDward$ Ihe of the Cardlff YourKJ Men's Christian Assoa'ation Ltd. Charity No. 1155884.. Comp8ny No. 8151495 to fvrther Its Aims & Objectives. The cBrity also contlnu88 to sur$￿1 NAkntary ¢￿&r￿Sa￿On5.' ch8rttlo8 and IndI￿d￿￿3 %ilhin th& South Wales Rggicm. M•thod8 of R•crulim•nt and app￿ntIng N•w TnMt• Apart from the Ilrsl charity Irust•e5, every Irustee musl be appclnted for 8 term of thrge years ty a solution passed at a propety convoned m￿ting of the charity trustees. In sdeclng individuals for appointment as thartty trustees, Ihè ch81ity twslees must have regard to the skills. krthvledge and experionce needed fc¢ effective admlnlstral)n of the CIO. Tru8ts• Inductlon and Trninlng New Irustses are provided ¥ilh fijll inducbffis. and am gNen infomiation pxks thot include.. a copy of the goveming thme. a copy of ts charitys lalesl annu81 reFort and statement of accounts and thwments Produced ty ts chty commisn cMJUining ￿ reswmsibilities of being a truste8. All trusleas are glven an iThJuctt¢y pack thring their ind￿li0n m*ting befoTo observing at 8 8oard Meetiivj before acceptan￿ by 1910 T￿l

Cardiff YMCA (1910) Trust Trustees. Annual R•port (¢(¥Ath￿rfj Year ended 31 March 2024 ganlsatlonal Strncturo The charity is a small body 8nd has a slmple organisalp)ro1 stnthre. %ilh Ihe Chair and Trustees oversewng the of the charity. The day to day runniNJ of tho ch8rity is carried oul by the Chief Exwjfvo, vh) is empw WKI repclts to the B(wd. The Charity meet 4 tlmes pèr year orn1 quarterly management aCLounts are received. There 8re regular meetings wth Ihelr extem81 fina￿al alfv1￿￿ and investrnent m8na9er thereby policies ar¢ oduced to ensure the chanty Is ￿able and successfvl. M regulaty reViV￿S its goveman¢e procures D•talls of R•l•tod P•rtl•• Cardrff YMCA 119101 Trust has a 0Y￿d trading subsKligry, Green Wllkwi Fun•ral$ Llmltèd. The Company wa5 formed 50 that profits al the end of their fina￿81 yeor arè gift&Y lo the Cardiff YMCA {19101 Trust in ordér to lurther tts alms and Obl￿￿ve5. The C8rdiff YMCA119101 Trust also owns properties.. No. 2 Eosl Grove (Arthur Sartsom House), 2-4-6 Oakfidd Street (Ambassador YMCA), 8 Oakfleld Stre￿, George Williarns House and 8èdford Place. These properties provide 8ccommodab"¢)n and services for homdess w)ple and families. The FKopeTlyes are leased by the CaT(Jrff YMCA119101 Trust lo YMCA Housing Assc4JalJon. Property l(novm as Va8ndre Close. St. Mellffi$ 1$ 18ased to LIsv8ne CrKket Club serves Iha communlty and property known 8s The Walk Is leased to C8rdlff YMCA Ltd who swves Ihe cy)mmLmity 8nd degl with BpeLfftally but r¥Jt exdusivety ywng p￿￿. Tru#t•••' r••pon•lbllltl•• •tat•m•nt Th8 tr￿81¢e5 8re responslble for prepgrfrrfJ the trustees. rep(xt ofKI the financwl ststements in acc(xdarKe 8pplic8ble law and Unrt¢d KKYJdom Acuuntlng Standards {U￿ted Klngdom Generally Acceplgd Accounling Pradicel. Tha law 8ppllcable to charft1•8 In E￿I8￿j arvj W8Jgs r8quos the ¢hity trustee6 to prepare ffinanclal ststemenls for each year whKh 9fve a true and lair wew of the state of affairs of the charity and ol the Inccffling fesourGes 8nd 8pplic4￿ft ol resources. of the tharity for that pgrtod. In preparfng these fin8ncig1 st8temgnts. trust￿$ arn rnquwad to: Seknt suhable ac(x￿nI6n9 ￿1￿89 and Ih•n wpty them c￿ls￿nty,. obsw¥o the methods and prlrKiple6 In Ihe applKablg Charltles SORP 2019 {FRS 102>.. make jLKlgments ond 8e¢<>unling 88llmates that we reasonab￿ arrfj pAKl￿t slate whether appl￿etsIe UK A¢C￿nI]rO Standard8 b8gn folloMd. wbl9Ct to any m8terial depwiures d18closed and expl81n￿ in thg fin￿￿￿81 st8tsments', propore the ffft•n¢281 statements on the gcry cmm b8sis unb&ss 11 Is lnapF￿￿18te to P￿uMa Ihat the charlty ill continL in businoss.

Cardiff YMCA (1910) Trust Trustees. Annual Report (conthw•) Year ended 31 March 2024 The trustees are respon&tAe for keephig adequate accounliThJ rewrds th818re suffici8nl to show aThJ explain ihe charl￿S transactions and disck)se wilh reasonable accuratty al any time the financlal position of ih8 charity and gn8ble lo ensure that the financial statements ￿MPty with thè Chadtie5 Act 2011. the 8p￿1¢8￿1e Charities (Accounts and ReForts) RegUlat￿nS. and the promsions of the Trust Deed. They are al¥0 resw)sible for safeguar(*ng the assets of the charity and honGe for 18klng re8sonable sleps for th8 prevention and detection of fraud and other irregularilie$. The truste88' anThJat report was ap[m￿d on aEI.Irdw...4... and sWe4J on beh￿f of thé board of trustees by: .10. 21 Rc>4￿ Coej

Cardiff YMCA (1910) Trust Independent Auditorfs Report to the Members of Cardlff YMCA (1910) Trust Year ended 31 March 2024 Oplnion We have a￿lite￿ ihe finarK481 slatemwts of C8rdiff YMCA (1910) Trust (the 'ch8rity? fty the ye8r ended 31 March 2024 which c￿prise the slalement of financial actI￿￿eS. ststemenl of ftnanclal posltion, slalemenl ol cash flo￿ and Ihe related Tr)ies. includiThJ a summary of significant accounting polici8s. The financial rep)fb"ng frameM)rk that has b8&n appli8d in their preparation is appli¢atAe law and United lfjngdom A(tounting StaThJ8vds, ￿￿uding FRS 102 The Financial ReFQrtlng Stsndard applkable In the UK and Republic of Ireland IUniteJJ ￿ngdoM Ge1￿ra1￿ Accepted Accounting Pr8cttco1. In our ownlon the fin￿c￿ stslements.. give a true and fair vw ol th8 8tat6 of thè charfjtls affars as at 31 2024 and of 11$ Incoming resources and applicatw)n of resources. in¢kKling its incom8 and exp8nditure, for the yèar It￿ ènded: have been propwty weparBd In ac£wd•rrA with Unltad l<Jngthm Generalty Accepted AccoLmtlry Practlce.. have bagn yep•rad kn 8ethrdar wllh the requnments of ts Charities Act 2011. B•sl¥ f¢r oplnlon We conductsd our audit in ac¢ord#n¢6 Intemallonal Stsndards on Audltlng (UK) IISAS IUKII and applicab￿ law. Our responsibilikns und8r those stand8rdB ar8 furthef de8c￿bad In ihe audilc¢g responsibilltle8 for th6 audll ol the flnanclal statements seclSon of our reporl. We are independ8nl of charity in acccd8nce wlh Ihe ethTrc￿ requlrements Ihat are relgvant to our audit of the fin8ncial Italemènts in the UK, induding the FRC'$ Ethul Slandord, and have fU￿111￿d our oth•r ¢lhic81 responwbilities in ￿COrd￿nr ￿1th these requirements. We beleve thal Iho wjbt 8vider￿ w8 hav8 ¢)blalned is sufflc￿nI and approprfate to wovlde a basi5 for our opinion. Conclu•lon• r•l•¢lng to golng conc•m In auditing financial stotements. we have concluded that the tr￿te88. use of golng co￿￿M basls of accowllng In the prepgrotion of statèments is ar￿￿8￿. Based on the we hove F￿rn￿d. wè hav8 not Id&ntifi8d any materi81 uncertain￿e$ relaling 10 events or conditi'ons th81. i￿1￿11￿811Y or c￿1￿1￿8￿. may ¢a$l significant I￿Ubl on the charity'5 ability to continue as e go￿9 concem for a ￿riod of al 18oSt thlve months Irom ￿en the fin8nc481 ststements are 8Lrthcised for Issue. Our responsibilities and the reSpO￿bilItieS of ts trustees *lih respgct to going cwKem are desuibed In the rfrlevant sectlons of this rewi.

Cardlff YMCA (1910) Trust Independent Auditor's Report to the Members of Cardiff YMCA (1910) Trust Year •ndod 31 March 2024 Othor Inforniatlon The other informallon comprises the Wrformath￿ indUd￿j in ts annual roport. other than thé fin8￿181 statements and our a￿lito¢S report thereon. The trust88s are responwble for the other information. Our O￿nIon on the financial ststements does not cover other infomiation and, excepl to the extent olherwse explitsoy stsled In our reporL we do not express any fcrfm of ossw8rth conclusion thoreon. Our r8spoMlblllty is to rtad the other inftxmaticffi ￿d. in (Soiw so, 0)n8￿J¢r Nthethw the 0th8r Infotmalion is matsfialty inconwslent the fina￿181 stateM￿ts or ¢)ur kno¥￿edge obtainthj in the urse of the audit or olhewse appears lo be malerialty misststed. If identlfy such maleri Inconsiste￿￿$ or apparent material misststements. ¥￿ are require(I to d8lemln6 ¥thether this 9fv8s rfse to 8 material misstalem6nl in the fThrKial stslements them¥elves. ff, b8sed on the worl( we have performe¢J, we wiclude that there is a material misstalemgnt of this other inftjrmation. Y￿ are required lo reKh)rt that facl. Wa have nothing to rop(Yt In th18 rwyrd. M•tt•r• on whleh w• af• r•qtslr•d to r•wt by •x¢•ptlon We have nothing lo rewt in r0SP8Ct of the folltythryJ motters In rehloft to the Charftlos (Accounts 8nd Reports) Regulalions 2008 requlre us to rewt lo youll. in our cy'nk)n'. the Infomation given kn kn￿la1 81aiemwts Is IncrAWSlent In 8ny m8tèrt#l roSP8Ct vAth the tru818e8' report.. or charity has not kept adequ8ts accou￿Ing rec*)rd$.' or thè financial 8ts1gments ￿ not ￿ agreement wth Ihe accfjunUrKJ rewr(Is and retums: or we hav• nol reCthV￿ 811 Ihg Infomialion and explana1m￿S ￿ require for cxx aud￿. RMpon•lbllttl•s of tru•tM• As explained more I￿￿ wi the trusteèA' mporAibilili8s ¥tatemont180t out on p48 7J, the trustees are responslble for the prep8r8lk)n ol the finanaal statements and for b￿ng salisfi&J thal glve a tn and fair view. and for such intem81 contrd as Ihe trustees delemiine ￿ necess8ry to Ihe preparntion of flnandal slaloments that are free from materlal mw18tement. due to fraud or In pt0partr￿ the financial statements, the trustees are T8sponst¢le for assessing the charty'8 ability lo sxnlinue as 8 going ¢oncem. dlsclosing. as applkabb. metter5 rglated to gtyng corThm and uslThJ the g¢Jng concem basis of accounting unless the Irustees either intend lo liquidate the Cha￿ty or lo cease operat￿n$. or have no realistic akernatfve but to do so.

Cardlff YMCA {1910) Trust Independont Auditorfs R•port to the M•mb•rs of Cardlff YMCA (1910) Trust Year onded 31 March 2024 Audltorf• r•spon8lbllftl•s for th• a￿11¢ of th• flnan¢lal statwn•nts We have been appxjinted as auditor urKler section 144 of the Chwitw Act 2011 and r8p)rt In Gordan¢e wth rggulations made under secllon 154 of thatAct. r ¢Jbjecbves are to obtain rea$￿able ass￿￿¢ about wttr+er th8 fin8n(481 statements as a ￿Ole are free from material misstateffrrt. whether due to fraud tx effor. and to k8sue an auditor's report that Indudes our opinlon. Reasonab￿ assurance Is a hlgh level of assuran￿, but is not a gu8ranle8 Ihal an audit conducted In accorrjance ISAS (UK} will ahvays dotact a materlal mi5stsl8ment when it exis15. Misststemen15 can aris8 from fraud or error and arn consi(lered material rf. indiv(dualty or In the aggreg8te, they could r8asonabty b6 expetted to the economic d8cislons of users tsken on the bosis of these finanu81 stslements. Irregularlllas. kndudlng fraud, are instsnces of rnn-compligrKe %ith18W3 and r8gulaJons. We Identifi and assessed the rks of material misslatemenl of tha financial statements from irregularities, %thether due to frO￿j or efror, and discyJ55ed these between wr audit team members. We Ihen deslgn8d and performed audit procedures re5pon5ive to t￿nSe rlsks. rK4LvJlng oblainlng audll ewden¢o suffits8nl arKI appro￿18t• to provld• a basls for our oplnlon. We deslgn our pro¢%dures so as lo oblain suffi¢ienl appropriate audit èvKlence that the financial 8ts1ements are not materiaNy mlsstated due to non-compliance Y￿th laws and regulath'ons or due lo tra￿￿ or error. We aro rw)t TeswJn¥lble ts kygvonling nonwc0mpli8n￿ and cannot bg expO¢tsd to dètéct non-complion¢e wilh all laws ¥KI wulallons - INB respcA)sibillty 118s with management wilh tho oversight of the Trustees. Based on our urthrslandlng of Ihe Charlty and the ch8rlty ¥ector, di￿US9￿￿￿ ￿1th manegement and iruslees we identifi￿j financial reporting standards and chari11￿ kt 2011 0$ having a direct effect on the amwnts 8n¢J disdosums in the fin8nd&l ststements. As part of t￿ •ngagem¢nl loam dl8tu$8knn about hcAv and where Ihe Charty's financbal 8tslements may be m8t•rially mlsst8ted due to fraud. thd nol ithtify any arnas ¥￿th an Incleased rfsk of fraud. OJr audtt procedures Included: mF4eting a risk4ssessment ¢￿e$S our pLqrnhvJ lor th15 aLNJit that spe¢ifi¢8lly n¥Klered the iisk offraud: enquiry of monagewnl about thg Charity's P￿￿1¢￿. wocedures and related controls rogarding compliarth with laws and regu181)ns and rf ther8 ara Wby known instance5 of n0fi•c￿npl￿lnce. examiniry wpwting dryyjmgnts material balances. transarAion5 arKI disdosurns; enquiry of managemen( ab(Mrt Itbg81icffjs 8ThJ d•ms irwtion of relevanl correspcffldertt.. ana￿tsCa1 pr(￿l￿re$ lo idenbfy any Un￿ul1 or un8xp8Ct&J relatk)nshlp8: spedfic audit testirvJ on and ol weas th8t cixAd be subject to management override of conlrds and potential blas, most nOts￿Y around th8 key judgments and eslimales, including the oThying value of accruals. proviwns. vw8StmvAIts, grant m&irvJ arKI reveNe r&trJnilion.' 10

Cardiff YMCA (1910) Trust Independent Auditorf8 Report to Ihe Members of Cardiff YMCA (1910) Trust fc¢nth•u•d) Year ended 31 March 2024 cor￿Idering management override of c￿trOl$ Lyjtside of Ihe ncrnl opwating cydes In(4udirKJ testing the approlxlal￿￿ of jcmjmal enlries reC(￿d￿j in the general lodger and other adjuslments made in the preparation of the flnancial ststements inclLKling oV￿u8ting the rationale of signrfKant transacllons. wato falurg to reccrfd transacttws. collu81¢)n or Inlenlicnal misrepr8sentslons being made to us. As part of on audil In accordance ￿th ISAS {UKI, W￿ exerd¥e pmfessron81 NKlgment and maintain professional sceptiCi8m throughcArt the audit. We also.. Id8nffji 8rKI 8¥ses8 the iisks of materlal mlssl8t8ment of thè fty)Bncaal statements. whgther du8 to fraud or error, design #nd terfomi audit wooedures responsivg to those risks. and obtain audll avidonce that is sufflcknl and appropriate lo provid• a basis for our opinion. The risk of not detecting a malori81 misststement r8sulling frDm fraud Is hl9her thon for one resutting from error, 85 fraud may involve edluslon, forywy, intenknal L¥ni86ion8, rnre8ontalSons, ty the overrlde of iniemal control. Obtsin 8n undgfslanding of intemal controf rebv8nt to lh8 in order to d8sign a￿lIt ocedur8S thot are appropfiale In the carwmstanrM, not for the purposa of èxpressirwJ an oplnlon on the eff￿lIveneSS of the Charity'8 intsmal control. Evaluate the appropd8ten88s 01 8ccounting pokies used and the r08sonablen8ss of acccuntYJ è$twnales and related (lisdoswes mad• by Iru$lg0S. Conclude on tho opprcprialene$8 of th8 Iru$lees' u8e of tha going concern b8818 of accounting 8nd. b880d on the audit e￿deftce ¢)btained. vthether a materi81 uncertainty gxists related to events or condib'ons that may c￿t ¥ignrfic8nl doubt on the chanty'8 &Jilty to continue a$ a going conc•rn. If ￿ c￿￿Ude that a material urKert8inty èxists. ￿ are requir8d lo draw attention in our auditorfs repcrft lo the r¢Lqled discknsur•s in fin8n¢i818tatements or. rf $uch dlsclosures are in8dequatè. lo modify our OpIn￿n. Our concjuslons are based on the audll evklence rtjtained up to the dat• of our auditor's report. Fknwever, future events or condrtlon8 may Gause Ihe ch￿ty to cease to ￿ntir￿ as 8 golng concem. Evaluate the overal wesentation. str￿1￿& and COnt￿rt of fina￿141 slatements, Includi thg disck)3ur6s. arKI whether the financial stslements rewesenl the uTrJedylro tr8n58ctions arKI events in a manner that achieves fair pre5entallon lie. gNe5 0 true and fair view}. We communicate those charFd wSth governance warding. amorMJ otr*r matters. tha planned scope and limlng of the audit and slgnrfrcanl audit finthngs. indudirvJ any signTficant deficienc￿¥ in tsmal control that we idgntfy durirKJ our 11

Cardlff YMCA (1910) Trust Independent Auditorfs Report to the Members of Cardlff YMCA (1910) Trust Year ended 31 March 2024 U•• of Our r•port Thi$ report is made 801èty to Ihe charty's tN8tees. 88 8 bc¥ty, In Kcordanoe with Part 4 of the Charities IAcGounts arKI Reports) RegulaliMs 2fM)8. CJr audll has been undertaken so that we might slate lo thg charty's trustees th0￿ mattern we are required to stale to them in an auditor's report and for no other FWP)se. To the fi￿1@St extant permitted by law. we do not accept or assume re3ponsibility to anyone other than the chanty and th• chwty'¥ trustees as a br*, for our audit woth. for thls report. or for the oplnions we have fomied. Carslon Chartered ar£ountants & statuw audhor 1s1 Flwr. T￿￿or Hc4ts0 16 Calhedrd Road Card CF119LJ Dated: &q Iio laoay Carnlon18 eligibh lo xl as an audlior in tern)s of secticffl 1212 01 the Compani8s Act 2006 12

Cardlff YMCA {1910) Trust Statoment of Flnancial Activities Year •nded 31 March 2024 2023 furK13 Total fvnds Totsl funds Incom• and endowments Donations end legacles Other tradlrKJ actmties Inv￿lment irthme 117.723 127,OC 49.748 117.723 127,0 49.746 294.469 294,469 23.637 98,3 36,934 Totsl Incom• 156,921 Exp•ndltur• Expenditure on th8dtable acliv6tr•s Other expendhure Totsl oxp•ndltw• 265.338 265,338 5,400 389.568 5.400 11 270.738 270,738 394.968 Net galnslll0￿S) on IrNesb))ents 12 83,602 {466,763) N•t Incamfyl{•xp•ndlturnl •NI n•t movwn•nt In funds 107.333 107.333 1704.810) R•conclll•tlon of fund¥ Total lunds brought Icr*ward Totsl lund8 carrl•d forw•rd 3.911,488 4.018,821 3,911,488 4,018.821 4,616,298 3,911,488 The ¥lalement of fin8n¢i81 actNllles Indudes an galns and loss￿ recowised In the year. l ineome and expendSlur8 dorive from ¢Mtinuing acliwtres. Th• nots• on pawi 16to 26fonn part rfthM• flnanclal st•l•m•nts. 13

Cardiff YMCA (1910) Trust Statement of Financlal Posltlon 31 March 2024 2024 2023 Tangible fixéd assets Inv851ments 454 17 3.￿3.515 3,599,672 3,￿3,969 3.599.880 Currnnt aM•ts Debto Cash al bank and In hand 313.527 113,406 119.479 201.929 426.933 321.408 Cr•dltorJ: amounts falling wlthln on• y•ar Net current assets 12,081 414.852 311,608 Total assgts l••• ¢wr•nt Il•bllltl 4,018.&1 4,018,821 3,911.488 N•t ￿•t 3,911.488 Funds of th• charlty Un￿SIr￿led funds 4,018,821 3.911,488 3.911,488 Totsl charlty lund• 4.018,821 These fln8nclal slalements wwe *proved ty the ts￿rd of trust8e8 and aLrtlv)rfsed for i¥we on ARIJ.vaJa£&4... •TrJ ar8 SIgn￿ on b8half of the bowd by: Coort￿ bs Th• not•8 on p•w 16to 26fomi p¥rt 01th￿ fin￿¢￿ •t•tym•nts. 14

Cardiff YMCA (1910) Trust Statoment of Cash Flows Year ended 31 March 2024 2024 2023 Cash fl¢)ws from op•rntillg actfvitJ•• Net in¢omel{expendilure) 107.333 (704,810) Adjuslmants for.. Depreciallon of 18ngiblo ffixed 8ssets Net g8lnsllb)ssesl on investments Dmdends, interest and renls Irom invesknents Other interest receiwdble ond smilar Incc*n8 AGryu•J experths 160 183,ei12} 133,3431 {16.4031 125 466,783 133,4651 13,469} 1.450 Chang8s in.. Tradè and other debtor8 Trode and other creditors {194.0481 2,281 183,0611 (4,9911 1217,632) 1361,4581 Cash gerwated Irom opw8lion$ Intéro8t recelved 16.403 3,469 Net ¢osh used In opwatirs activil (201.229) 1357.989} Cash flovrt from Inv•gtlng •¢tlvltl•# Dkn'dends, interest 8nd rents from investments Purchage of tsngible assets Purchases of othw investrnents Pr￿eedS from sale ofother Inv88trn￿ts Net cash from invosling a￿1¥￿￿05 33.343 1396) (475.935} {358,5411 555.694 430,101 33,465 112,700 105.025 N•t d•cr••M In cmh and •qulval•nts C••h and ￿$h •qulval•nts at b•glnnlng of y••r Cmh ond cmh •qUI￿1•n￿ at •nd of year (88,523) {252,964> 201.929 454,893 113, 201,929 Th• not•8 on p•Bu 16tr> 26 f¢nn w dthès•finpnci•l gt•t•m•Thts. 15

Cardlff YMCA (1910) Trust Notes to the Financial Statements Year ended 31 March 2024 G•norn1 Inlormallon The charity ts a public ben8fit entity 8n(l a wistered thority in England and Wales and 19 unlnc¢xporaled. The addr8s8 of ts p￿￿paI oifKx is The WalK Roath. Cardiff. CF24 3AG. I stst¢nv4nt ol ¢<)mpll• These financial statements have been prep8red in ccrfnplianc8 FRS 102, Tr Financial Rewjrung Standard aFpficable in the UK and Ihe Republ￿ of Ird#nd', the Statement of Recommended Practke applic8Lle to charities preparing Iheir accounts in accordance with the Financlal Re￿tIng St3rKlard applicable in the UK ar•J Republic of IreloThJ (FRS 102) (Charitie$ SORP IFRS 102)) and the Charities Act 2011. Accountlng pollck• 81•l• of pff•p•rtlon The fina￿181 statements have be￿ prepwtd on th8 hL8tortcal cost bagi3, 88 m(xJthed by the rev￿ual￿)n of certaln Ilnancial 8ssets 8rKJ liobililie$ grvj investment prop8rt1es measured al falr value through InD)me or experyjiture. Th• finan¢lal $tsI•M￿lg arè prép8r8d In stedln9, whkh Is th8 fwKticml umncy ofthe enbty. Golng conc•rn Thè trth8 consider that thore are rK matwial urKertwnties 8Lvwl the ¢harify's 8bilty to conllnue as a goh)g concem. The mosl slgnwnl asped of the chgrity that polentiBly affect5 It8 ability to continue 15 the cèrylng value of Ils investments vthi¢h r8Lgtas lo Investment r8￿m5 and the performance of inve¥tmenl markets rental retum. Truslees are of the opinion that Ihgr9 will be no detrimental impact on th8 charity due lo th8 performance and the diversfficalion of inveslm8nts. The TNslee's bdwe that the th8rity will be able to 1x￿tinUe lo ftJLfiI Ils charitsble purpose. I￿11 be abse lo meet its liabilities as they 1911 due. and wll have adequate re8(yJrces to conllnue In operauonal exlstence for the foreseeable future. AcoJrdin9ly. the trustees contwiu8 10 adopt the going concem basls in preparing the flnanclal statements. Judg•m•rt8 and k•y •ourc•• of ••tlm4tlon unG•rt•lnty The preparation of the financk81 statements requlres management lo make judgements, estimates and assumpth)ns Ih8t 8ffect the am(￿ts rewled. These estimotes 4nd judgements ore Gontinudly reviewed arKI are based on experience and oiher factors. IncludlThJ expectslions of future evwits that we LlIe￿I to be re89)nb urKlgr ts ¢if{￿ms1¥￿es. 16

Cardlff YMCA (1910) Trust Notes to the Flnancial Statements (C￿1￿￿) Year •ndod 31 March 2024 Accoundng polkl•s i¢othwdJ Fund accourtlng unreS￿led fvnds are av8ilable for use at the di5ryelion of the InJsta8s to lurth8r any of charitys purposes. D8signaled fLVKls unrestricted fiyKls eamarknj by the trustees for parti￿ar futyre prO1￿t or commllment. Restricted funds are sufy'ecled to ￿$tr￿t￿M$ on their experKIMure d￿ared by the dorw or Ihrough the ternis of an appeal. and fall inlo onfr ol sub-cI8SS65: rgstricted Inc￿le funds or 8ndO￿nent furth. In¢omlng r••ourc•• All Incoming resources arn induded In thg slatemenl of fin8fKad lthen enlllemenl has Passed lo the charity.. ￿ Is probable Ihai the economK benaffts 8$$￿18t8(1 wlth Ihe transadon ill flow to the charlty 8rKi the amount can be relLqbty measured. The 1c4lch￿n9 specific polldes are appllod to Partk￿lar catewios of Ir￿me.. Incomè from donations or grnnts Is recognis•J vthen there is e￿der￿￿ of enttllemenl to the gift, recerpl Is Its wnounl can be measur•d Telat4y. legA¢y Incorne18 recognlsed whon rec4pt is probabki ￿t￿YeMent Is established. income from donated good8 1$ measured at the falr value of the goods unkryss th15 1$ Impr8Ctkal to measure refi8bly. in case th v8luo is derived Irc¥n the cost to th8 donor or the eslimatsd Tesale value. Donated fwlities and serykes rncognis¢d in the 8¢counls when weived il the value can be roliabty measured. No amounts are IndUd￿ for the contribution ol general volunteers. Income from ex>ntro(as f(x $￿pty of sèNkos Is reCOgnL￿ ￿1h the delfvery of the eonlraded servlce. This is classifbgd as unrestn.cled fijnds unless there Is 8 contractual requirement for il to b6 wnt on a partlcular pufp05e and rgtwned K unspent, In whth (ase it may be regard&J as restricted. 17

Cardiff YMCA (1910) Trust Notes to the Financial Statements Year ended 31 March 2024 Accountlng polklm (ewdth¥•d) ExperKiiturn is recognised on an acuuds basis 8$ o liabilty is I￿lITed. Expenditure I￿ude5 any VAT whlth cannot be fully recovered. Is dassified under hea(liws of the ststement of fina￿19[ adivilies to wh￿h it relates: expenditure ￿ raising funds Indwjes the costs of ￿ fimdraising xlivrb8s. evants. nOn￿h￿l1ab￿ trading aclivitie5, and th8 sale of du)ated wds. expendltsjre on charitable aci1vit￿$ indLvJes all ry)sts incwred ty a in urKI￿t0kbng vlties that further Its charftable a6ms for the benefft of Its benefici8ftes. including th058 support ￿sts and costs rdalwy to the govwnanckn of th8 chadty apportknned to cJ18rlt8bb8 ties. other exp¢nditurn •ll èxwnditwe th81 18 Mlther related lo raising funds for the charlty nor part of Its expondlbjre ￿ tharilat4e aGbvrtig5. AII costs are dlocated lo expandltyrg calegorfes refiecting the use of thg resourrA. DSwt costs attributable lo a singi8 activity are allocated directy lo that acliwty. Sh8red costs are 8PPOrtlcThd be￿en the actiwbes they contribute to on a reasonab￿, iuslifiable and consistent basis. T•ngllA• u••t• Tanglble assets are Inibalty recorded at ￿5[ and subsequgnty staled 8t co$1 less any accumulated depredauon and Impairn)enl losses. Any 18ryibkn assels c9rried al rev8lued amounts are recorded al the falr value al the dale of rev8lu8tion less any subsequent 4cLumulated deprgri81ion and ¥ubsgquent ac£umul8ted Impalm￿nI losses. D•pr•¢latlon Depreuallcffl Is cakulaled so 8S to %wlte off the cost or valuatlon of an 8s3el. leJ¥ Its rwJldual value, over th8 uselul eo)nomK life of that 8ss8185 follows: Equipment 25% $tr8ight line InvMtm•nt• Fixed asset investments are inib811y rel))r￿ al cost. and subsequently ststed 01 cost less any accumLdated impainnenl losses. knsted investments are measured at fair value vAth changes in fair valu8 being r￿n1￿1 in wofit or loss. Unlisbj investments comwses ol Ihe inNt8tsnenl In the sub￿dIary Green Imllthy Funèrals miled. this is i￿(KIed ot cost as all profits 8r¢ gift aided ts) tha tharity and resaves In th8 subsidiary are mant81￿d for w(rting Capilal. DividerK15 and other di5tritMJbons r￿1Ve￿ th8 investment we rnc¢>3nis•J 0$ N￿orne wlihout regard to vthelher the dls1ritm￿.(￿$ arn from 8ccumul8ted profits of ts a$s￿l81e arising tjefore or 8ftw the date of a(4ul8ltK>n 1B

Cardiff YMCA (1910) Trust Not¢s to the Financial SLementS Year ended 31 March 2024 A¢countlng pollcl•B InV￿t￿e￿I prop•rty Investment property Is Inloalty recorded at C05L Nthich includes puthse prkn and any dlrgcIIy attributsble expe￿Ilture. Investment FCI)ety Is revalued to its fair value at exh roporting date and any ch8nges in fair value are reccgnised in profft or loss. If a reliable measure of fair value is no longer not walla1￿0 vilh(yJt undue cost ￿ effort for an item of ￿VeStment propety, k shall be transferred to tsngible assets aTrJ treated as ￿ until it is expected that falr valua WIN be reliobty measurable on an ￿￿J(￿n9 basts. D•btorn and Gr•dftiY• r•c•lvabl• I paythl• wlthln on• y•w D6btOTS ond ueditors wth no stalod knlerest rnte and recefvoble or p8yable y￿thIn Of yegr are Re￿rde¢l at trartsacbjn pice. Any losses arthJ from imwmient are recognwd In eXp￿￿￿lIUra. Fln•nclal Inatrum•nt• A flnandal 888et or a finanwl li8bility is recogni8ad onty 1gn the entsty becomas 8 pty to tha nlractual provisions of the inslrumenl. Basic fina￿A81 instruments are Inmalty r8cognised al the amount rewvable or payatle Induding any Tebted trans￿￿On costs. unlèss tho orr8ngemenl constitutes a financing transociion, vth¢re il 18 rwnised al the present value of the lutur8 payments db¢twnled at a math8t Fate ol Intergst for a debi instrumenL Current assets 8nd liabilities are gubsoquenlty measured at the cash or olhor con5ideralon exFrttod to bg paid or rec81￿d and not discthnted. Debt Inslrumonts are sUbSequen￿Y measured al amortlsed cost. Where inveslmenls In shar6s or preference shares are publicly tradod or their fair value can othe￿•Se be measured reliably. the investment 1$ 8ubsequenlty measured 81 fwr va￿e ¥￿th changes in fa value reci>Jnised in Income and eyrKlllwe. All olher )Vestrnents are 8ub884H)ty mogsured al co81 less knpalrnienl D•fin•d contrlbutlon plan• Contributions lo defined conlritsjtion plans are rwni88d 4$ on exp8rAe In the perfod h whl¢h th8 related ￿TrIce is W0￿ded. Prepaid conlribulion5 are recognised as an a868t lo the extent that the prep8yment N%lll W to a reduction in ftrture pa￿anIS or a cash rehjnd 19

Cardiff YMCA (1910) Trust Not•s to th• Flnanclal Statements Year ended 31 March 2024 Accounting poliei•# (¢thrfthgu•dJ Donatlons r4)d l•gacl Unreslrictsd Tol•l Fund• Unreslricted Totsl Funds Funds Funds 2¢y23 Oonatl¢n• Donations Gift Ad fr￿ tradlng ¥ubsldl8ry 2,723 115.OCKJ 2,723 115.OCrf) 23.074 23.074 117.723 117.723 23.637 23.637 Oth•r lrn<fing actfvltl•8 Uryeslrthd Totsl Fund• Unrnstrict8d Totsl FurKIs Furvjs 2024 Fur￿8 2023 R¢ntsl h)¢c¥no 127,000 127,000 96.350 96,350 A lease agreement h•$ signed wilh Cvdwl YMCA Housing As80ry8bon and tho C•rdlff YMCA11910) TeCOIv8s rgntsl TgspKI of propgrb8s. Inwslment Incom• ur￿tr￿ Total Fund• Unreslricted Totsl Funds Fur 2024 Funds 2023 Investment Income Interest received 33,465 3.469 33,465 16,403 49,746 16.403 49,746 36,934 36.934 Exp•ndltur• on ¢h*rhabl• a¢tMtl•• by fund typ• UnreslrKled Total Fund• Unffjsttthd Total Funds FurKIs 2024 FurK15 2023 Youth Serwces Supwt Supwrt costs 243.7S3 21.585 243.753 21.585 358,397 31,171 358.397 31,171 265.338 265,338 389,568 389,588

Cardiff YMCA (1910) Trust Notes to th• Financial Statements (¢ Year gndod 31 March 2024 8. Evndll￿ on charltable actlvltles by a¢tlvlty typ• undertaken Grant finthrvJ directy cl ac￿tties SupF4xI Total furMI• 2024 Tol81 fund 2023 Ylxrth Servkes SIN)￿t 37.094 206.659 21,585 265.338 389.568 Analy81• of support colts Analysls of supwt costs Tot•1 2024 Total 2023 Premlses Communic•lityB and rr Financ* c08ts Support costs 7.231 7.231 759 13.629 6.995 13,000 31.171 21,S8S 21.585 10. AMlysl• of grants 2024 2023 Grnnt• to Inltltullo Grants to InslJluOc 2Ck8,859 322,892 Total grants 2Cfj.659 322,892 11. Olh•r •xwndltur• Unrestrthd Total Fund• UNestricted Total Funds Funds 2024 F￿d9 2023 Audbt fees 5,400 11 N•t galn•l(10•8••) on inv•thrrt• Uryestricted Tot•1 Fundg Unrostrkted Total Funds Fur 2024 Funds 2023 GBlnsl{losse5) on Investment propety GaSnslllosses} on listed investrn￿ts {309,2771 1309.277) {157.486) (157.486) 1466,763) 1466,763} &3.602 83.eiJ2 83.e4)2 83,602 21

Cardlff YMCA (1910) Trust Not08 to the Flnanclal Ststoments Year ended 31 March 2024 13. Net inGM￿lI9xpend1turn Net income1lexp￿￿itUre) is slated ofter chargi￿(￿e￿Il￿dl. 2024 2023 Oepwation of tsngiL4e ￿ed assets 1￿) 125 14. St•ff ￿$¢$ The totsl staff costs arKI emth benefiis for ts repOrt￿￿j wiod we a￿ly￿ed as follows.. 2024 2023 Wages and s818rie¥ Sco81 security costs Employer contribub'(x)s to pension pla 32.210 3.189 1.895 30,675 3,135 1,895 37,094 35,505 The aNeTrge head iunl of employees dwlng the yew wag 1 (2023: 1). No employee r￿er¥Od bgnefft¥ of moro than £60.000 during thg y••r {2023.. Nill. K•y Manag•m•nt P•v•onn•l Key managom¢rt lrtludè all p•rson8 that havè aulhorfty And r8SPCffl&t4lity for planning. directing ond wntrolling the activiti6s of thè charity. Th6 lotsl compensation pald to key managemgnt personnel for provthd to the chanty WaB £37.094 {2023'.£3S.5051. 15. Tru•t•• rnmun•i•tlon and •xp•M No rernunwalth C￿ other benefits from ¢mptyntnt ilh thè charlty or a related enlty ￿rfr recelved by ts truslg98. 16. Tanglbl• flxèd Equlpffl•nt CoBt Al 1 Awll 2023 AddilJw$ 396 At 31 Mw¢h 2024 895 D•pro¢latlon Al 1 April 2023 Chorge for the year At 31 March 2024 291 150 441 Carrying amount At 31 March 2024 454 Al 31 March 2023

Cardiff YMCA (1910) Trust Notes to th• Financial Statements (¢tythwdJ Y•ar ended 31 March 2024 17. Inv••lm•nt8 Cash ¢x cash Usted Inveslment Total C￿1 or valu•tlon At 1 Aprd 2023 Addltlons Disposals Fair value movements 87,722 1,396,948 297.428 178.507 (3￿.052) {203,705) 81.665 2.115,000 3,599,872 475,935 (553.757) 81.665 At 31 March 2024 35.098 1.453.415 2,115.COO 3,603,51 S Impalmwnt At 1 Awll 2023 31 MarGh 2024 CarylNJ amount At 31 IAarch 2024 35.098 1.453.415 2,115.0 2.115.¢ 3,603,515 3.599,672 Al 31 Marth 2023 87.722 1.396,948 AN investrnents shwi above are h8ld at valuatxx). The aggregate m8rk•t valu• of lithd investnwnts is £1,453,415 {2023'. £1.398,9481. Inv••tm•rt prop•rtl•• Investsnent rrtope￿88 raval￿d in 2016. 2022 WKI 2023 by Cooke and ArkwrlghL Chartered Surveyors, on an O￿n mwkel exislng use valua bas18. Invgstmgnl propertles are m8asLYed at falr valu• 8nnualty wth any ch8ThJe recognised in the swplus or deficit in the SOFA. Flnancl•l •88•ts h•ld at falr value All Investrnents are hekl ￿mOnIY to provide ￿ invesiment rntum for Ihe Charfty and are measured at lair value other Ih8n Lnlisted inveslments. 18. Investment •nllll SubsldIarf￿ and Inv••lm•nts unli8tad inb*stmonts represorrt 2 £1 ordinary Sham Sn Green Wllluw Funera18 Ltd. WhOlty￿ed tradir¥J subsldlary.

Cardlff YMCA (1910) Trust Notes to the Financial SLements Year ended 31 March 2024 19. Dgbtor¥ 2024 2023 Trade debtor¥ Amounts owed by Und￿tsk￿8 Pr8paym8nts occruod income other debtors 11,550 195.926 4,268 276 114.935 106,051 313.527 119.479 The deblcts ab￿ Includè foFbMthig nwnts fallhg aftw mora than one year 2024 2023 Amounts 0%￿d by group th)dertakkng8 137,767 87.166 101.051 224.933 101,051 20. Cr•dllorn: amounts falllng du• wlthln on• y•w 2024 2023 Trade credltors Accruals and deferred I￿orn9 Sod81 sacurity oThY othér tsxés 5.400 5,780 12.081 5.400 3,762 9.800 21. P•n•lon• othw post r•lhm•nl b•n•fft• D•ftn•d contrlbutlon plana am0￿1 recognlsed In Inc£ffte or expeThJlture as an exp8Me In rnlatlon to d8fined contributlon plan$ was £1.695 (2023.. £1,695)

Cardlff YMCA (1910) Trust Notes to the Financial Slatements Year ended 31 March 2024 22. Anoty818 of charltable fund• Unrestricted funds At Galns and 31 Ma￿h 2 sses 024 At 1 A￿￿1 2023 Irthme EX￿dIture Transfers General furKIs Designated Fund - Investsnent Prcpèrty Fund 1,796.488 294.469 (270.736) 83.602 1.903.821 2,115,0(Kl 2,115,￿0 3,911.488 294,469 (270,738) 83.002 4,018,821 At Galn9 arKI 31 March 2 k)sses 023 Al 1 Awll 2022 IrKomg Exp￿dIlUre Transfers Genernl fijnds Desynated FLnd - Investment Propety Fund 4.e16298 (394.9681 12.115,000) (466.763> 1,796.488 2,115.￿0 2,115,CKJO 4.618.298 156,921 {394,968) {466,763) 3.911.488 A transfer was made last year from general funds to Investment property fund5 as this gives a clearer pict￿ of the rèserves for the thanty. These fv￿JS are not readily 8V8i18bte as they are for sodal Investment and relwn LYSIS 23. An•ty•l• of n•t svts b•lwb fund• Unrestricted Total Funds 2024 Taryible fixed #swts Investments Current assets Credili)rs loss fvn 1 454 3.803,S15 426.933 (12.081) 4.018.821 454 3,803,515 426.933 (12.081) 4,018.821 N•t a8••t• Unrestricted Totsl Funds Funds 2023 Tangiblg fixed as¥•ts Investments Current assets Credil¢x51gss tsn 1 ygar N•t aM•t• 3.599.672 3,599.672 321.408 321.408 {9,8Crt)I {9,8001 3,911,488 3.911.488 25

Cardlff YMCA (1910) Trust Notes to the Flnanclal Ststements Year ended 31 March 2024 Anaty•l• of ch•ngM In net debt At At 1 Apr 2023 C•sh flow8 31 Mar 2024 Cash at bank and kn hand 201.929 (88.523) 113.4 25. R•lat•d p•rti The chanty re¢eived gift aKI of £115.OLKI (2023: £23.074) from its trodlng 8LthSd8ry Gr8en Willow Funerals knmiled. During th8 ye8r-erAI, loarf8 of £105.CKiO and £138.000 ￿le made to the tradlng $ubsldlary Green Wlllow Funerals Llmiled by the dwiity and Is secured by reglslerfrvj 8 chaf90 on the assets of th& compary for the latter loan. Interest is ting charged at marf(81 rale on both klans. Th• lotsl balanG• at year ond in¢ludeil fjthin debtors ar￿Unts to £195.926.