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 $taterr*nts 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) Tn*t
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 C*diff 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 sdf<ontained apartments to built. deveb)ped wlth the aim lo reduce thg Waillng Ilsl
which presenlty across ￿ dty 15 pr698ntty 0 433% increase In wailing ￿$ts for young peoF48, famllles
and $ing18 people being expen'enced across th6 City in Ihg last 12 months. The apartments will ollow
86rvice users lo bulld on Ihelr Independa￿ livirvJ sklls. Compfelkm of thls Project is anticipated for
JanuarylFebNary 2025.
This propety then be leased bad( to the Cw(*ff YMCA 11910) TnJ8t lo enharth Its irthme lo
support 1he commuThty.
Ronv4¥01 of other lea8ln9 propwdag to CardMI Houslng A88od8kn ￿kh 8upr•>ts 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• ¢xp*nditur¢ 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 invMlff*nls 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$￿n9 that asset management functlons VAII be exerused in the best interests of
the investment fund5 wlh an 8cceptsble level of rlsk.
R•¥¢r￿ Pollcy
The Car¢lrff YMCA11910> Trust reguhrty review the 8mounl of fijnds that the Chadty requlre8 to
8n8ure th81 they are odgquots lo luffil ts chgnty's ￿ntinUing obligations.
Genernl reserveg al the y￿1 eNJ 31 Ma￿h 2024 were £4,018.821 (2023.. £3.911.488} kncludlng
Inve81ment property fund of £2,115,(￿. The Inve8lrr*nt prowty fvnds wa$ 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 v*re 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$nw￿d CcrfnmuThty Centro. blhlch is cu￿entty loased lo Cardrff
YMCA Ltd by the Cardffl Coundl. W Ihis purchase rs successfijl th8 chartty I￿Ur any n¢¢ess8ry
sts lo obtain the froehold and would then iease to Cardrff YMCA Ltd al a peppgrccm rent whllsl
rètsining th6 Asset. ThL8 w(MJkl ensure &Jditi(Thl security In thg bng temi to Cjrdrff YMCA Ltd
StruC￿r•, gov•rnanc• and man•g•m•nt
The Cardiff YMCA 11910) Trust wesents eighth report thg with the fin8nra*l stateménts of the
Charity for the year end8d 31 March 2024.
Th8se finandal statements have be￿ wep8r8d In *ryih FRS 102, The Fln8neial R8porbn9
Standard opplicable In UK and ts ReputAiG of Ir8land'. the Stsiement of Recommended Practice
8ppllcable to charities preporing ￿1r occcwjnts in aceordancè Wilh the Flnanck81 Rewrting Standard
appllcèble in thé UK and Repubfic of Ireland IFRS 102) {Charlti&$ 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 c*Brity 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 commis*n 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 proc*ures
D•talls of R•l•tod P•rtl••
Cardrff YMCA 119101 Trust has a 0*Y￿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 r8qu*os the ¢h*ity 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 folloM*d. 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 v*w 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 accc*d8nce 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 8Lrthc*ised 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$￿able ass￿￿¢ about wt*tr+er th8 fin8n(481 statements as a ￿Ole
are free from material misstateff*rrt. whether due to fraud tx effor. and to k8sue an auditor's report that
Indudes our opinlon. Reasonab￿ assurance Is a hlgh level of assuran￿, but is not a gu8ranle8 Ihal
an audit conducted In accorrjance ISAS (UK} will ahvays dotact a materlal mi5stsl8ment when it
exis15. Misststemen15 can aris8 from fraud or error and arn consi(lered material rf. indiv(dualty or In the
aggreg8te, they could r8asonabty b6 expetted to the economic d8cislons of users tsken on
the bosis of these finanu81 stslements.
Irregularlllas. kndudlng fraud, are instsnces of rnn-compligrKe %*ith18W3 and r8gulaJons. We Identifi
and assessed the r*ks of material misslatemenl of tha financial statements from irregularities,
%thether due to frO￿j or efror, and discyJ55ed these between wr audit team members. We Ihen
deslgn8d and performed audit procedures re5pon5ive to t￿nSe rlsks. rK4LvJlng oblainlng audll
ewden¢o suffits8nl arKI appro￿18t• to provld• a basls for our oplnlon.
We deslgn our pro¢%dures so as lo oblain suffi¢ienl appropriate audit èvKlence that the financial
8ts1ements are not materiaNy mlsstated due to non-compliance Y￿th laws and regulath'ons or due lo
tra￿￿ or error.
We aro rw)t TeswJn¥lble ts kygvonling nonwc0mpli8n￿ and cannot bg expO¢tsd to dètéct
non-complion¢e wilh all laws ¥KI wulallons - INB respcA)sibillty 118s with management wilh tho
oversight of the Trustees.
Based on our urthrslandlng of Ihe Charlty and the ch8rlty ¥ector, di￿US9￿￿￿ ￿1th manegement and
iruslees we identifi￿j financial reporting standards and chari11￿ kt 2011 0$ 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. <xttside the normol txiurse of eharitable activty,.
Cming to the Inherent limitation5 of an audit. is an unavoKlable rb8k that Some m8terlal
misststements of the financial ststements may not be dgtected, èven thwh the a￿Tt 1$ property
FAanned and perfonned In 8ccordon(x ￿ Ihe ISAS (UK).
The poterrtFal effects of inherent 1lmrt8lk￿s are ￿1￿cUla￿ in Ihe case of missthlemenl
resulung from fraud because fraud may invofve sophtsticaled and ¢arefulty org8nised scheme8
dasigned to conceal it. incr￿Ing delit>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, rn*re8ontalSons, 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
acccunt*YJ 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. C*Jr 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•r*tlon
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 L*lIe￿I to be re89)n*b 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 SL*ementS
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 F*CI)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 p*ty 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 i*unl 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 SL*ements
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•l*wb 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 t*ing charged at marf(81 rale on both
klans. Th• lotsl balanG• at year ond in¢ludeil *fjthin debtors ar￿Unts to £195.926.