CHARrrY REGISTRATION NUIIBER: 1163822 Cardiff YMCA (1910) Trust Financial Statements 31 March 2025 CARSTON ETL Chartered accountants & ststutory audttor 1 st Floor, Tudor House 16 Cathedral Road Cardiff CF119LJ Cardiff YMCA (1910) Trust Flnancial Statement5 Year ended 31 March 2025 Page Trustees, annual report Independent auditorfs report to the Members Statement of financial activities 12 Statement of financial position 13 Statement of Gash Ibws 14 Notes to the financial statements 15 Cardiff YMCA (1910) Trust Trustees. Annual Report Year ended 31 March 2025 The trustees present thetr report and finartk81 statements of the ch*ty for the year ended 31 March 2025. R•f•rnnce and *dminiBtrntivo detail• R•gl8t•r•d charlty nam• Cardrff YMCA11910> Trust Charfty r•gl•trnti¢n numb•r 1163822 Prlnclp•l oflk• YIACA Thewa Roath Cardiff Th• tTu8ts01 Mr R CcA%nbs Mr J Lrttlechild M8E. JP Mr S Kethjle Mr M Hales Mr J Bettlgs Mr G Ashfiekj Mr P IMIIi4rns Ms H Gunter Cllr <4)point•d 27 January 2025) Honorary Pr••ldonl Mr A Crocker Chlof Executlvo Mr8 J John8on Audltor cars￿ Chartèrèd ￿et￿rt￿nts & 8tatuty auditor 1st Floor, Tudor House 16 Cath&Jral Road Cardrri CF119U 8•nk•rn Uoyds TS8 14 The Globe Centre wkiir*ld Road Roalh Cardiff Sollcltors Ckrk8 Wllmott so1￿110T$ EmFeror House Scott Hart￿ur Piertiead Street Cardiff CF10 4PH Cardiff YMCA (1910) Trust Trustees. Annual Report Year ended 31 March 2025 ObJectlve8 and acthiltlo8 The Trustee8 confinn that they have rnferred to the guidartt 0)ntaIn￿ in the Ch*ibes comrni5s￿n.S general guidanca on publK ben8fft when ￿l￿Ving YMCA {1910) Trust sims and obJecb¥es and in planning future actwities. The ofy'e¢tNo$ of the ¢h8rity are as foltrAE'. {11 To fijrther 8uth cha11tab￿ purpo8e8 for the benefft of th8 Cardiff Young M¢n'8 Christian Association a¥ the trustees seè frt from lime to b.me in partthlor by.. la) ProvkJing finan¢0 and SUFwb"ng the assctithn'$ dwntsble worf( in thé community (induding SUPF4)rting 8Ctiiilw whKh encournge and d8¥elop the indiv•Ju81'5 mind, boty and spirit).. Ib) Holding proFerty for dwitablg wthin tt)& South Walgs rogK)n,' and Icl Holding property and other 8s8ets Investrn•nt purpc*•s rf in tho opinion of the trustees this wouhd further the a6$￿a￿)n'8 charitable purposes. 121 To further sLKh other charitable purposes n the Soulh Wales region as tha trustees 8e8 ffit in porticular but not exclu8i¥dy ty rdieving Im)M8￿$r￿S aThJ the charitable naeds of young peopl6. str•t•gy ft*r •chl•vlng th• obJ•cts C8rdrfl YMCA119101 Trust aims io work c108ety 7Mth th8 Cardrff Young Men's Chrislkgn As$oo'alion Lld by supportiThJ them both financialty and in their w(xk in the C¢ynmunty. Th¢$ support indudes activities wh￿h ene¢JJr•ae and d8velop the indNh8u81'$ mind, 8rKI s￿rit to empower and educate young peopl8 in making inform•J ¢hwe8 in regards to their sem-development including 8UPPOrt to Young Carers Prqecl. 11 alw Wds proFety and other assets investment pufpo8e8 If in thg oplnion of the Trustees IhL8 would further Ihe charilable wry>o8e8. Th6 Charty believes that by providing fundry to intomal and extemal charitios. voluntsry organisalions and indiwdua& it can maka a drfferèrtè within the c￿M￿n￿6$ ￿thin the South Wales region which sUpp￿t3 Pfoiects thal deveknp the irKINKiuafs mind. b)dy and spirit. Grant maklng pollcy and how th18 ach1•¥￿ th• ch•rlty'• almB In making grants achieving oty'ectNe 1, the tharity seeks to empwer and edu¢al8 young p￿PIe in making Informod cho￿￿ in règards to their own self-dev8bpm8nt. lthilst 5UPPOrt is glven for providing inter-generats'onel 8er¥us foi the whole (yxnmunity, the prM?nty young peopbe. particajlarty In limas of ne&J. In accordance with current Chanty Commwhx guKJeline8. the Trust has dwlsad the folbwing gr8nl4naking polcy for achieving obj'ecbve 2 {tythX￿e8$ arrfl charIlab￿ needs of young p8opl8) in order to.. a) assist applunts to det8mine whelhar or not an aFpllcation to the chartty wfjuld be appropriate b) ensure tho1 a consK8tsnt aFproxh 15 a(*)pted to the ￿nsIdera￿n of applratKJns for financial SUPFQrt cl to ensure aFplICa￿ns are genuine and ￿SteMS tre robust enough to fraud. d) the tru*ees 8eek to suppryt th￿ thTitie$ for purp¢>￿ whith fvrther Ihe oL4'ects. el the grant making is circulalgd externalty wth a funding aPpI￿1K)n fonn. The funding application fcffli is gjbmitted lo the charty whereby the Irustees make an infcrfmed d￿r￿lon as lo whethor or not thg fvndirvj awicats￿ ￿ sucrnssful. The above regularly reviewed by the Board of Managwrwt in CoM￿lance with due Diltggn¢e and changes withn communit Cardlff YMCA (1910) Trust Trustses. Annual Report Year ended 31 March 2025 Achlev•ments and perlornmnco In addition lo the regular fvnding, the charrty has been wthing closely with Cardrff Young Men, Christian Ass￿l8t￿)n 8nd in partI￿L9r have been liaising with them with regard to approathing Cardrff Council wrth a vth¥ lo purctta￿ng the freehold of the propety presenty kased by Cardiff YourtrJ Men's Christian Ass(Ki8tyon known 8s Pl8snv4Yydd Community Centre. An offer has been made to Cardiff Council to￿ardS purchasing the frea￿￿ld. whth in woukl mean that the propety would becom6 and asset of Cardrff YMCA 11910 Trust) and W￿k1 thèn lease the propety to Cardiff Young Men's Chr￿tIan Association at p8ppowm rent This would secure thg future and further any redevelopment of the centre to transform it which will alkjw tlvn to maintain and further grow and d8vefop their current proiects and dwersfy into other areas of supp)rt for young vulnerable peopte inclusive of chikl care provision., health and wellbeirvJ and sports facilities. This will enrich the lives ol the kjcal communty and prov*J8 ffluch need8d $8p4ie88 In th8 loe4#ty. Tho offer made to Cardiff Council is sb"Il in the negotiat￿n stagè. Thè chorty Cordrlf YMCA Group h4¥ adapted thg TnJsY¥ property knrywn 8¥ Bedford Place. This adaption has alkhved for 18 8elf-contained apartments to b8 built. Th89e homes will prov*Ye 8tsble and sale 0￿mMod4￿n lo young peopk (18-25yr¥} as part of a transit￿n01 pathway lo secure accomn))dalKsn. Young Feople will come ojt of holels and other unsuitablg xcommodatK)n and be providing wjditional 8UPWrt wthin the YMC Thi8 being devebped ha8 reduced the waitsng li8t whth pre8entty ￿0s8 the City 1$ 433% increa88 in wailing lists for young people. families and single people being experienced acTOSS the Cty in the last 12 months. The apartments will alkA¥ 8wvice users of Cardrfl YMCA Group to twlkl on their lTrJeFendent Ilvlng skilb. The homes were I￿111 throw mcthm m¢thc*J$ of ca￿trUd￿n (MMCI a• rtyuired by WG grant criteria, run on a clean graen energy and wovth Suff￿￿nI INing spaee for each tenant lo livg in line th ￿ qualty stsndard¥ ¢rrteria. A ¢4)mmunal garden were al80 develope(I to ben8fft new aThJ exi8tsng tenants as well as slaff. This proj•Gt now supports tho Trusf8 I￿1￿9 this pi0¢0 of land Iwhich was an unused car parkl lo YMCA Group which in tum increases the income n8ce8sary to 4ywre the Trust's wmmrtment to ¥erve the communty through fvnding applications. Renewal of other leasing Pfcprties to Cardrfl YMCA Housing Assocotson whth 6upports them wilh housing for homeless and vulnerable peoplg continues. Loa6ing prop6ty to Li8vano Crthat Club ¢ontinu8& Tho tom of the 18a60 has extended arKI has enabled them to srfure fi5rther furKliNJ and attract young people wrthin the community to play 8POrt which enhancas their wdlbeing. The charity has also taken steps for achfj￿ng object 2 ar￿ haG fomwly appToved thè pr￿5$88 to achwe thes6 0￿.eCtiVeS. 8eneficlaTles urKler the Grant Funthng Schem8 to date for thi8 pthj 8re'.- Cardrff YMCA Group.. Cwmpasot C(xnmunty,' Oak Hill Chiklren., BrKlpnd Fosteriro.. Blacknvood Town.. The Wallich., Anthem Music fund: Am8nah Leam#ig: Rave House Tnjsl.. Hill Communty Dev81opment.' MOX￿ Foundation.. Sl. Michael and Al Saints Church.. Kids R Us.. Cardrff Wanderers; Park End Presbyteri8n Church: Wld-9w Proj* Duffryn Ccffimunty Centr8', Cathays & Central Youth Prcgect. Horatio Garden al LLarKknugh Hoswtsl; Cardiff Institute for thg Blnd: Cefn Fforest Miners Welfare Hall. S&*thewasy Law Centre. Cardiff YMCA {1910) Trust Trustees. Annual Report Year ended 31 March 202S LATCH Cardrff were the successfvl appI￿ants for a 30k funding x 3 years eom88 to an end this year and a further 3C* fundry x 3 years is open for thè forthccffifftg 3 years. The Charity has continu8d working with sub groups during its expansi￿ to suprort lease$.' properties; FLtnding and Terms of Reference. The sub group5 COns￿t of th8 most appropriately trained Iruslees to srt on indwidual sub groups who then take their rec(ffimeThJatr)ns to the full trustee meetings by setting up these sub groups rt wll leave the full tfU8tee meetings more time to continue locusNig on the charity ensuring it meets its obJ'ectNe8. The Chorities IW)sile is upjated avery 3 ft￿th6 arn n(Mf engaging ffi 8wlal m&tii8 wlth Fac@t￿ok,. Twitter etc. The web￿1$ 1$ intsnded lo proffth the fact The Trust hava 8 Grant Fundlng Scheme in place and hcpefulty il will encouwe smaller charilie&lgroup6 to appty furK*ng which woubj not nomially be accessibl8 to them. Valualions haw undortakon thls yow on the Tn￿￿5 propert*8. Flngnclal rn¥l Fln•nel*l Poaltlon - r•vi•w •t th• •nd of th• r•portlng p•rlod Total income for the year was £377.05012024". £294.4691. The main 8our¢a of ￿l¢0m9 are, rental Income from the *8ing of inveslment prOFert￿ to Cardrff YMCA Housing Associ&lion and return on investment8. Gfft aid donation of £188,741 12024." £115,000) w8$ re¢eived from the subsKllary Green IAlllow Funerals Lir¢ited. Charitable expenditure of £314,496 12024: £270.738} kncludes grant PakJ to Cardrff Youry Pkn's Chrisban ASXKial￿n of £I00,LM)0 (2024 ..£100.0￿). Grants pwd to other ¥i¥litut￿n8 amotsnled to £124.03612024 .£106.659}. Net gain on investrrth18 of £395.709 rew08ent Invesljwit property revaluation yin of £425.000 and 118led Investsnents k)ss of £29,291 (2024.. gawi £83.6￿1. Th8 1088 on 118led invastments is mainty due lo extemal market conditions. Invo8tm•nt and Cmh P•rform•nc• The value of the Cha￿5 Stsnley Invgstrnenl managgd p￿lfollO was £1,530,115 12024.. £1,488,513). Total relums from tha Investr￿nts amounled to £30,894 {2024.. £33.3431. Portfolio retums however continue lo have teen achieved wth a kAver 18vel of volatilty {risk}. Steps have ba8n tsken to provide a bedrttk of sustsinable 8rKI grwng wKome ovw th8 term. The value of Lloyds Charity ¢)n th? 3110Y2025 was £169.338 (2024.. £113.4￿1. Inv••tment Pollcy This policy statement has teen prgpared by the Trustees to give guidance a8 lo tK>w the as¥et management functions should be exerused by our agent. Ch8rles Stanley. It has been formulated with a view to ensuring that the asset management frJnctKWts will be exercBed in the best interests of the investment fijnds with an level of tisk. R•g•r¥M Poll¢y The Cardlff YMCA {19101 Trust reguL4ty revw the arMunt of fur¥J8 that the Charity requires to ensure Ihal tlw are a*uate to fu￿1 the ¢*arWs e4)ntinuing obligation3. General reserves at the year end 31 March 2025 were £4.477,084 12024: £4,018,821) including inVestr￿1 propety fund of £2.540.000 (2024: £2,115,otKI). The Investsnent proFety des￿3￿ated Cardiff YMCA (1910) Trust Trustees. Annual Reporti¢￿￿1 Year ended 31 March 2025 funds was set IJP 8s gNes a clearer picture of the reserves for the charrty. Thes8 funds are not readity available as they are for scoal invesimenl and relum basis. There were no restricted re8efve8. Free r8serves amounted to £262.99312023.. £189.919}. Rl•k M•ntyem•nt The Trustees adivety wew th8 maj(* r*s which tho Charity fa￿ on a wular ba818 and believe that maintaining reBerves at current levels. combined with an annual review of the controls over key fmanc*l systemg. will sufficient resourc￿ in ts event of adversè r￿n￿lIOnS. Pl•n• lor futur• p•rfod• The charity has exiendad its fundiry wthin the communty to ¥upp)rt Frygcts with a greater v8lua of nding over a possibte 3 year fvnding. To create OFPOrtun￿.8$ e¥¢ryLTh. ￿ur*j ¢y okl. where $uml 16 no•d￿ to alow people to grow. Créalo b8tt4r communiti88 by 8nfichiry 1pM8 and 8ncouragin9 pc6iiiv8 sooal impoct. Support $thanl￿ed grOuP￿P￿18 with their e¢knatK)nal. social. physKal and psydiolc*3iCAI neeth in order to enabb pO￿tive chanp. The Trust would11(e to replThte the technoknw of its oxistmg preml888 across al of our oitos ownad by the Trust This not onty 88CUrn8 our eommilmenl to the Community. but aL80 continue investrnent into our ageing Trust's stock. Th8 charlty 18 stlll Ilaislng with Cardiff YMCA Ltd arKI the CwdThl Counal wilh a ViV4¥ to pU￿haSIng the freehold of the property knThvn as Pla$n￿(￿l Communty Centre, wh¢h 1$ ¢urrentFy leased to Cardrff YMCA Ltd by Ihe Cardrff Council. If thi8 purchase is 8￿ceSsful the charity ncur any necessary C0513 lo obtain the freehold and would then lea8e to Cardrff YMCA Ltd at 8 peFp8rcorn rent whilst retaining the a88el. This would en8uTe *J￿￿Onal security in th? bng terni to Cardrfl YMCA Ltd Cardiff YMCA (1910) Trust Trustees. Annual Report Year ended 31 March 2025 Structurei governance and Manag￿nent The Cardrff YMCA119101 Tnjsl presents ninth report aky)g with lh& finawal stat8ments of the Char for the year ended 31 March 2025. These financial 8tatemeftts ha￿ been Fxepar•J in CA)mplI￿ wilh FRS 102, FNwncial Rewting Standard awlicable in ts UK and the Republ￿ of Irekind., the Statttnent of Recomm8nd8d Pract￿tt applicable to chartties preparing tfr*ir accounts in accordance with the FinwKial Rewting Stsndard appli￿ble in the UK and Repu￿￿ of Ireland IFRS 1021 Ichorrtw SORP IFRS 1021) and the Charities ALt2011. Nature of the Charity'• Govemlng l)ocum•nt The Cardrfl YMCA 1910 Succewr Trustees was wistituted under a Tru81 De8d in 1910 and reoislered by aulhor188tlon of the Charity CommissK>n on the 17 October 2005 under tha charity number 1111710. In October 2015 the Charity Commiswn regi51gred the C*diff YMCA119101 Tru¥l as a new Charitab￿ IncoryxKated OrganisatK)n IReg%tered CIO.. 1163822). The charity th)es not actNely fundraise and seeks lo Contin￿ h*ing tward$ tho WO￿ of the Cardffl Young Men's Christian AssLxialron Ltd. Charty No. 1155884.. Company No. 8151495 to fvrther its Aimo & Objectives. The charTty al￿ continue8 to $upwt voluntsry organl8atk)n8'. ChaT1t￿ and indivKlual8 within the S(Krth Wales Reg￿n. M•thod¥ of R•crultm•nt and appolntlng Now TnMt•8B Apart Irom the fwst charity trustees. every trustee must bo aFpointed for a t•m of thro6 years by resolution p088th181 a proparty méeting of thé ch8nty trust689. In 8ekcting individuaL8 for appointment as charity trustees, Ihe charity trustees must hav? fegard to the skills. knowlethJ& and experienc£ needed for Ihe effecbve administrat*)n of the CIO. Tru•ts• IndU￿10n ¥nd Trainlno New trustees are prowded with full inductions, arKI arn gNen infrym8tvJn pack¥ that include; a copy of the governing 8chem&. a ccw ol th& charity's latest annual report and ststement ol accounts and (k¢unEnts produced by the chanty eMmwion oullinir¥J lh& respon8its'lst*s of boing a tru8teg. AJI trust8es are gNan an induct*)n pack durirva ther ind￿tiOn meeting before obseryiNJ at a Boar Meeting before #c¢eptan¢e by the 1910 Trust. Oryanl•atlonal Struthir• The charity ￿ 8 8mall body and ha8 a strnpl8 organlsatK)nal stnNAure. wllh th8 Chair and Tru8tee8 overseeing the work of the thaiity. The day to day Tunning of the cthanty is caff*d out by the Chiel Ex8CUtNe. who is employed repryts kn the Bo¥d. The Charty meet 4 times year and quarterty man&Jement 8ecounts are rKeived. There are regular meetings With their exlemal financial advisor and investment manager whereby pol￿185 are produced to ensure the charrty is viable and successful. ft ￿￿￿8rty reviews ts governance procedures Detall• of R•14t￿ P•rti Cardjff YMCA 11910} Trust has a vtholly uwned trading wbsNJiary. Green WAlh)w Funeral$ Limil6d. The Company was formed 80 that profits al the end of their financial year are grftad to the Cardiff YMCA (19101 Trust in order lo further its aims and objective& The Cardiff YMCA11910} Trust also owns pryrti8s: No. 2 East Grove (Arthur Sansom House). 244 Oakfield Street (Arnbassador YMCA), 8 Oakf*kJ Street. GewJe WIIKqms House arKI Bedford PLgce. These properties provide accommodats'on and services for h￿elesS wpbe and famil*s. Tre Pr(pert￿5 are leased by the Cordiff YMCA (19101 Tntst to the Cardrft YMCA Housing ASscrtHt￿ffl. F¥(4)ety kTr￿n as Vaendre Carfiff YMCA (1910) Trust Trustees. Annual Report Year ended 31 March 2025 Close. SL Mellons is leasgj lo Lisvane Cricket Club who serves the eommunty and property kntrwn as The Walk is leased to CaTdrfT YMCA Ltd wh) serves o)mmunty and ¢Jeal wilh spectficalty but not exdusvety young w)tAg. Truste••' rn•pon•lbllltl•• •tat•m The trustees are resp)ns*ik for prep8ring the trustee8' rep)rt and the fin•Ki81 stst8ments In accordance wth appl￿b￿ l•v and Unltod Kknyj￿ Ac￿￿nting Stsndards Iunited Kingdom Generglty Accepted Acwjnting Pra¢tttl. The law applicab￿ to eharit*s In England aThJ wa￿ requkes the charlty tru8tee8 lo prepare financial ststements for eath year whth give a true arvj Igir wew of the stste of affairs of thé tharity and of Ihg Incoming r880urce8 and applicabon of resource4 of the charity for Ihat perlod. In preparing these finarLkg1 $tatements. tha trustees are requlred io.. select 8Urtable accountirw w111￿ and then appty them consistentry; obBeNe the m8th(xls and principkn in the appli(xtylè charl￿ SORP 2019 (FRS 1¢f2)', make judgments and accounting estThate¥ that are Tg88onabkn and pnvjont.. stat8 whether appluble UK Accounting Standards have been folkxed, 8ut4.ect to any matèrial departures disclosed arKJ explained in the financial statements: prepare the ffinan¢ial ststemonts on thè golng ¢oncwn tias8 unl888 il 18 Inappropriate to presume that the thanty will continue in business. The tru8te88 are respon￿ble ky keeping a*uate ac£ounting records that are Jlfft￿nt to 8hu4W and expLqin the charity's IransactK)ns and di8ck)se with reasonal)le accuracy al any time the finanual po¥ition of the tharity and enable Ihem to erAure that the financial statements cOm￿Y with the Charitles Act 2011, the applIcab￿ Chariti&8 {Accwnts and ReFth8) Regulations, and the provisions of the Trust Deed. They are also respornb￿ for safeguarding the assets of the charty and hence for tsking reasonab￿ st8ps for lh• prevention and deiecticfft of fraud other irregularl￿e&. The trustees, annual report w86 akymved on R.1 its trustees by.. and •igned on behalf of the b)ard of Cae) . Cardiff YMCA (1910) Tn￿t Independent Audltofs Report to the Members of Cardiff YMCA {1910) Trust Year ended 31 Ma￿h 2025 Oplnlon We have audited the finartial statements of CardrfF YMCA 11910} TTUSt (the 'chartyl for th& year ended 31 March 2025 whith comprise the Slatement of financial activiti8s. 8t8tem8rt of financial position. 8tstement of cash fkyw8 the reL9ted notes. induding a Summary of signifieant accounts'ng poIicK88. The fiDanck91 reporb.ng framewort that has W applied in their preparation i% applioablg law and Unlled ￿ngdorn AccountiThJ Standards. induding FRS 102 The FinancHI Reporting Standard applicable in the UK and Republic of IrelaThl (Uniled Kingdom Generally Accepted Accounting Pr8Cticel. In our opinion the financid ststem8nts' give a true and fair of the state of the charityb affair5 as al 31 March 2025 and of 11$ Incoming resources and application of re8ourc8s. induding rts incw* and expendrture, for the year then ended: hava t*an pror• wepwed in ac£crfdanc* with United lfjngdom Genar4ty k£8ptod Accounting Practhx; ha￿ b￿n prepar&J in accordance wrth the rewirements ofthe Charitw NLt 2011. B••l• for Wnlon We Conducted our aui*t in Y￿th Intemakn'onal Starthrd5 on Audtting (UK} (ISA8 (UK)) and 8pplieabl8 ￿w. Our responsibilit￿ undar trhxè standards are further described in the auditorfs iesw)nsibilrt￿s for the audit of the finantsol Statements section ol our Terort. W& are independent of the charity in euordance with Ihe elhKal requirements that are relevant to our audit of the financral Statements in the UK including the FRC'S EthicAI Standard, and we have lulfilled our other ethical re8pJnslblllties in accordance wrth the89 rtyuirements. believe that th8 audit evidence we have obtained is Suffic￿1 and appropriate to provwje a basis for our opin*)n. Conclu•lon• r•latlng to golNJ conc•rn In a￿AItIng the fin8ncial statements, we have CO￿￿)d￿j that the trustees. use of th8 going concem basis of aC￿Unting in the Preparation of the financi81 ststements bs appropriate. Bas6d on tha work we have Ferformed, we have r¥)1 identified any material un¢ertaintle8 rela￿n9 to events or condrtions that, indNhlualty or c(AlecW, may cast signfftant doubt on the charity's ability to continue as a going concem for a period of at I￿1 twelve months frryn vthen the financial statements are auth0ri8ed for i68ue. Our reskx)nsibilitles the resw)nsibilitw of the trust￿$ *ryth resk*ct lo going concarn arn deKribed in tho relevant 5ectNJn$ of this report. othgr Inforniatlon The other inf0m￿tion (>)mpri8es Ihe infomwti(m ind￿Jed in the 8nnual reporl other than tha financial statements and our auditorf$ rep)rt Ihereon. The trustees are responsible for the other information. Our opIn￿n on th8 finanThal statements d￿$ not cover the other infom8ti¢)n and, except lo the extent othe￿1$& expl￿11￿ stated in TeFort we do not expres5 ￿Y forn of assuran￿ conclusion theraon. Our resFon8ibility ￿ lo r&qd the cther infctaining audit evidence suffuenl and appropriate to prDwde a tosis for our opinion. We deswJn our prccedures 80 as to obtsin tAfftient approwate audit eVvJ￿Ce that the financial statements are not materially misstsled due to non-<>)mplian¢e with law8 and reguLqtions or due to Cardiff YMCA (1910) Trust Independent Auditorfs Report to the Momb•r8 of Cardiff YMCA (1910) Trust (conllnued) Year ended 31 March 2025 fraud or error. are not raspon8lbb8 for preventnig non-ttryIAnc8 and cannot be exFecbJ to dètect non-complK9nce with all laws and regulations this responsibilty jigs With management with the oversight of the TfUSte8& 8as8d on cHJr understanding of the Charity and the chanty 8￿tor. discuss￿5 with management and trustees we hlentsfied financial re[￿rt"Ing stsndards arKI Charit￿ Act 20118s having a dirert eff&t on the arr#Junts and disckxures in Ihe financHI statwftents. Ag part of the engagement ièam di8cuJ8hin about trrtyw and where the Charity's finartlal statements may b9 materialty mBstated due to fraud, w8 did not id6ntfrfy any arèa# wlth an incxea8ed oftraud. Our audit kyocedures kncludod.. comFAeting a ri8k-a88esrnt wocrt8 durkng our pbnniNJ for th18 audit that wKificalty considered the risk of fraLKI'. nquiry of managem￿1 th& Charty$ p(*￿. wrt¢duras related ¢4ntrols r¢gardlng eompli8nco wlth la￿ and rngulatI￿ and rf thore are any kn(ywn in8t8nc88 of non-Gompli8fK4'. examining SUFPOrtlng do(￿MentS for all matèrfal baLancé8. tran8actM?n8 ?￿d dr8ck)Jure8,' eryuiry of managernnl. about htytion8 and daim8 and in8FeCtk?n of relev8nt ¢orre8pondence: anatylt41 procedu￿8 to Identify ary unu8ual or tsnexp￿ relation8hlp8.' audit testing on and rev1￿ of areas that Ixuld b8 subj￿1 to managernent override of controls and potsnlial bias, mosl notsbty around the key judgments and e8tsmates. indudiNJ the carryYtg value of accnjals, w0vis￿n8, investrnents, grant makirvJ and revenue recognrtion., consid8ring management override ot controkn outsvje of the nL￿al OFeroting ￿eleS induding l¢$ting the appropfiateness of joumal entnes recorded in the general leth3er and other adjuslments mode in thg Preparatvn of the finan¢io1 st8tements including evaluatlng the rationa￿ of ¥¥nIf￿nt transxlK%)s. oUl￿"de the nomial course of charitable ath"Mty.' ing lo the Inherent limitatvjns of an audl thoro is an lln8vtydab￿ risk that 8cthe material sstatements of the financAI statements may nol be detected, though the *JdTt F8 pfoFer plann￿ and rwlormed in actordanct wilh the ISAS (UK). The potentk81 effects of inh￿ent limitalK)ns are pa￿'CUl8rty s￿n￿an1 in the case of mls8talement resuhing f￿n fraL*J because traud may Involve 80phi8t￿ated and oryJani8ed scheme$ deS￿ned to conceal it. including delthrale failure to rKord transactions, collusion or intentional mi8representatDns being madg to us. As part of an audit in acC(￿danCe with ISA3 (UK). wa exer￿ prOfess￿n81 judgment and maintain Profess￿nal sceptsism through￿1 the audrt. akn: Identrfy and assess the risks of material misststement of the financral statements, whethor due to fr￿d or error. deS￿n and perforni audrt procedLJres resp)nsNe to those risks, and obtain audrt eviderrE that is sufvient and appmpriate to pffjwde a basts for our opinh?n. The risk of 10 Cardiff YMCA (1910) Trust Independent Auditorfs Report to the Member5 of Cardiff YMCA11910) Trust (continued) Year ended 31 March 2025 not detecting a mater￿1 mi¥statwit resulting frc¥n tra￿ is higher than for one resUlt￿g from error. as fra￿1 may invohe cdlusion. kngery. intention81 ¢yniss#)ns, mvrè8entati0￿, or Ihg ovefrKle of intemal control. Obtain an under5tandiro of intemal cc41trol relevant to the athlit ￿ ￿der to deS￿n audit Pr￿ed￿re$ that are approv￿ in Ihe circumstances, but rtot for the wrFo8e of expressing an cpinion on the effetheness of the chanty's inlemal (x)ntrol. Evaluate the appropriateness ol accounlng p)li¢re$ u¥ed and the re880nablene8s of accounting estimates and relate(I disclosures m&Ye by ts truslees. Concluda on the approprialeness of the tru8te86' use of the going corum basi6 of accounting and. based on the audrt evidence obtsined, whether a malenal uncertainty exists related to events or COnd￿onS that may cast svJn￿￿I doubl on the charty's abilty to continue as going concern. If w8 ccmclude that a materid uncertainty exists, we are required to draw attefit￿n in our auditc¢8 report to the rela￿ disdosures in the financial staternents OT. rf such discthures are inadequate, to our opinty)n. Our condUS￿n$ are based on the audit evIder￿e obtain&Y up to the dale of our aLtdrtorfs reporL H¢)wo¥er. fulure events or conditions may cause the chanty to cease lo continue as a going concarn. Evalu8te the overall prèstsntatK￿. Stru¢XU￿ and content of the finanaal stalgrrnnts. incIL￿ing the discbsures. and whether the financial Stat￿nents r8pre56nt the Under￿Ing transactlons and events in a mannef that &hieves fwr Presentat￿ {ie. g¢ves a true and fair vlawl. We ¢offrfnunthte ￿ thLW ¢harp8d wrth goNwnarto r&¥rdlng. anyX￿ other mattws. the plann6d scope and limiro of the audit and 8¥nfficant authl findr¥J8, Includiw any svJnif￿nI d8fi¢lencig8 in intemal control that we identfy during our audit. of our r•port This report Is m•Je SO￿ to the charty's trurAees, as a body, in accordance wrth Part 4 of the Charities (Ace￿ntS and ReFrt)rtsl Regulat*)ns 2008. Our audrt has been undertaken 80 that wg might state lo the chorty's trustees those matters we are required to $tate lo them in an auditorfs r•Fort and for no other purpose. To the fullest extent pemiitted by L8w, we do not accept or a8sume reS￿nSibIl￿ lo anyone than the chgrity and the charity's Iwslees as a bc*Jy. for our audit worK ftx th18 rep￿1, or for the opinKMs wo have formed. Corslon ETL Ch8rtered & *•tulw ¥LpJ 1st Floor, House 18 C8thedrd Road Cardiff CF119U Oated.. 3-81IDlg) C8r8ton ETL l& eli￿￿* lo ac* 8$ gn outhtLY in ternB ofs•3icfft 1212 of the 2C(6 11 Cardiff YMCA (1910) Trust ststement of Financial Actlvltles Yéar ended 31 March 2026 2025 2024 ftjnds Tol•l fund8 Total fvnds Incom• and t>)nalk)ns and lewes Other trading activities Inve8lmant income 188,923 142.500 45.627 188.923 142,500 45,627 117.723 127,WO 49,746 Total In¢orn• 377,050 377.050 294,489 Expondltur• Expenditure on charitabl8 activrti8s Tot•1 •xp•ndltur• 314,496 314,496 314.496 270,738 270,738 314.496 Nel gains on investrnents 11 395.709 395.709 83,602 N•t Incomo and n•t mov•m•nt In fvnd• 458.263 458,283 107,333 R•conelll•tlon ol fund8 Totsl funds brought forward Total fund• ¢arrl•d loThv•ryl 4.018,821 4,018,621 4,477,064 3.911.488 4,477,084 4,018,821 The ststemenl ol finanL?al aclNrties inC￿deS 811 gwn$ and b$8¢8 r¢¢wned in Ihe yoar. AJI inc¢Jme and expoThJrturo deri¥ti from cx1ntin￿n9 aCtsVrf￿. The notes on 1S to 25 fomi rt ￿th•s0 flnanclal •t•tommts. 12 Cardiff YMCA (1910) Trust Statsment of Flnanclal PosltAon 31 March 2025 2025 2024 Flxed •880ts Tangible fixed assets Invesbnents 16 272 17 4.070.117 454 3.803,515 3.603,969 4,070,389 Current as￿￿ Debtors Cash al bank and in hand 19 251.031 169.338 420,369 313,527 113,4C6 426.933 Cr￿lt0￿. •mounts folllng du• ¥Athln on• y•ar Not currnnt aM•ts 20 13.874 12,081 4(￿,695 414,852 Total *•vts l•M ¢urr•fit Il*bllltl•s 4.477.084 4.018,821 Net a8S•t• 4.477,084 4.018,821 Fund8 of th• ¢harfty Unrestricted funds 4.477.084 4.018.821 Tot41 charity fund• 4.477,084 4.018.821 e$e fina ' I statements were 0￿rOVed by the boa￿ of trustee8 aulhorised for issue on and are 8i9n•J on beh8110l the board by.. notes a8is in proparing th6 fir￿￿581 statements. Judg•m•nt• and k•y of ••tlm*tlon une•rtalnty Thé preparat￿ of the financkgl alatements requires manwent to make I￿Jg0Ments, eslimate$ and assumpb'ons that affect the amounts reported. These estthate8 and judgem8n18 #re continualty revithved and are based on experience and other factorn, i￿luding exp8ctation8 of fvtuffj evènts that are telieved lo be rea￿nabl9 under the orcumstancos. 15 Cardiff YMCA (1910) Trust Notes to the Financial Ststements Year ended 31 March 2025 Accountlng pollcim Fund accountlng Uniestricled fund$ are avallabl6 for u8e at th& dMcrebC￿ of the tNslees to fvthar any of Ihe charity's purpose Des¥Jnated funds are unr8slrKted fund¥ e￿Orked by Ihe trustee8 for partlcukgr futura project or ¢ommitmenl. Restricted funds are Subjected to Testrithns on their expendItu￿ dedared by the donor or through the terms of an appeal. and fall into one of t4VO 8ub-cla88es'. re¥tr￿ ints)me funds or endowment fvnd8. Incomlng r••ourc•• l inccffling resources are inchjded in the statement of financial actNi1￿$ wh8n antitlemenl has passed lo chanty., it 18 prcknb￿ that the ￿Onom￿ ￿nefrtS a55wiated with the transaction will flcr•Y to the charty and thè amwnt can be le￿0b￿ measured. The foll¢x¥lng 8Feufic poli¢io¥ 8re applie(I to partular categcrfre8 of inojne". income from donat￿n8 c* grants 16 rec4Jgnlsed when there is evidence of ¢ntid8ment to the grft. reco￿1 probab￿ and ts amount can be measured reliably. inc¢rn ￿ recognised vth8n recelpt is WObab￿ 8rKI entthemonl ij e8tabli$W. income from donated good8 is meawred at the fair Val￿ of the g￿d5 unless this is impracts'cal lo measure reliabty, in whth casg the value i¥ derNed frtyn the c08110 Ihg donc* or the e¥limoled ￿$sIe value. C*)nated kn'lit*8 and service8 arg r￿QgnIsed in the ac￿Unts ¥¥hgn receive(l if tha valu8 can bg reliabty rrwsured. No amounts a￿ included for the ¢(￿trIbUtion of 9￿￿al volunteers. incorne fr￿n conlfacts for the suppty of s8rvKt3 is recogniged with the d8lN8ry of lh• contracted seNicA*. Thi8 is classrf￿ as unrestrthd funds unless Ihwe is a Gonlr&lual requirement lor it lo bé spent on a partI￿lar and relumed rf unspent. In whkh case rt may be regarded as restricted. 16 Cardiff YMCA (1910) Trust Notss to the Financial Ststemonts (a Year ended 31 March 2025 Ac¢ountlng pollcl88 (eonwn RMourc•8 ex￿nded Expenditure is recwised on an accruals baw"s as a 1raly.lty is in￿rTed. Expenditur8 indudes any VAT which cannot be fully recoytr￿. and urthr he&Jings of the stat￿lent of financial lo wh￿h rt relates.. expendibjre t)n Taising funth indudè# tha costs of all furKlraising xtsvi1168, events. non-ch8ritabl8 tr￿1￿9 activitw and the salo of d(Thted goods. oxpendibjre on chaiitable xbvitss itludes all eC>St8 incurrad by a charity in undertaking activities that fijrthef its chartsbk aims for the benefit of rts b8￿fiCIane3, including theae support co$ts and costs r6Latsng to the govemance of Ihe charty apportK>ned to charitable activities. other eXpendI￿rn knclud6s all expenthlurn thal Is neilhw relat*J to raising funds for the charity nor part ol bts expendthjre on charilable Ktriit AJI c081$ are allocated to eXF￿￿1rtur8 catepries refiecting the use of the resource. Olrect C08t8 attributab￿ lo a $ingl¢ a¢tNty are allocat•J dir• to that activty. Shared (yJsts are apportK)n8d be￿een the &tIvit￿ they tx)ntnbute lo on a reasonable, justthable and consistent basis. T•nglbl• a•••t* Tangible assets are initi81ty refxY(led at cost and subs¢quonty $tatsd al coJt less any arxumulated depreciatson and inpairment 108ses. Any tsngbk8 888ets carried 8t revalued arrnunts are recorfed at the fair valuè at thè daté of rtsvalu8ts.on ￿ any 8ub8equ8nt accumulated depreCial￿n and subseqwnt a¢¢umutsled impoimenl losses. D•pr•clatlon DePre0at￿ ￿ calculated 80 as to wrib off the o)8t or vakjation of an awt. le68 rt8 residual value, over the useful ewiomi¢ lrfe d that asset a8 follNs.' Equpment 25% 8trawht kne Invwtrn•fits Fixed a88el inwestmenls are initialty recor(led at rnsL and $ubsequenlty Staled at cost lèss any accumulated impaimienl knsses. Lithl irNeslments are measured al fay value with changes in f8ir value being recognise(l in profit or lots. Unlisled investrnents (xmpnses of the investment in the sutsidi8ry Green INll¢)w Funeral8 Limiled, this ig i￿l￿dad at cost 8s am profits are gift aided to the chanty and rose￿9 in the SUb￿dISry are maintsined for working capital. DivKlerKls and other distribJtion5 received fmm the inve5trnent are recognised as Income without regard to whether disIn'butk￿ are from a￿umUlated profits of the a98(%￿19 arisin9 before ￿ after the date of a(4UiSition 17 Cardiff YMCA11910) Trust Notes to the Financial Statements Year ended 31 March 2025 A¢counting pollcle8 (eorthjwd) Inv8•tm•nt proporty Investment pyoperty is initi'alty rwded at eosl, whieh ineludes purchase price and any diredy attributable expenditure. Investsnenl property is I￿alUed to its fair value al each reporting date and any changes in fail value are recognLsed in profit or l)ss. If a reliable measure of fa￿ valuo is no Wer not available witlM)ut urKlue cost or effort for an rtem of Hiveslment propety. il shall be transferred to tsngible assets and treated a8 unlil rt is exFrftsd that fair value will be feliab MeasUra￿e on an (xFo)Ing basi5. Dfrbtorn and cv•dltor• r•c•fv•bl• I p•y•bh wlthlft on• y•ar Debtors arvj creditorn wrth no ststed interest rate and receivable or payable within one year are Recorded al tran5actDn pr￿￿. Any108ses arising from imw'nnenl ap reeogni8ed in expendlture. Fln•nei•l in•lrnm•nts A financial asset or a financial ILItMIty is rwni86d onty when the entity become8 8 party lo the conlraclual provi8ions of the instrumenL BasK fina￿la1 instruments are initialty reccbJni58d at the amount ￿￿1Vable or payable incI￿1n9 any relaknj Iran8actK)n costs, un1ts8 the arrangeM￿t constitutas a financing transact￿, where rt LS recognisèd 8t the present value of the future payments dixounted at a market rate of interest for a slmilar debt instrument. Current amets ojrrent liats'Thti88 are subgeqwity mMur•d at the wh or other consKleration expectod to be paid or feceNed and not dr4¢0untad. Debt instruments ar8 sub8equenUy measur8d al arnO￿9ed o)st Vthere invèsbT*ents in shares or preference shares are pUbl￿ty traded or their fair value can othwwBe be m6a$urnd reliably, the investment 18 8ubsequenty me88ured * lair valué with ehangas th fair value recognised In Income 1x￿nditure. Al other such inveslments ore subseqLWtty measured at Cg)81 less impaimwnt D•fin•d contrlbutlon pla Contributions to dgfined ¢ontributlon plans are rwni8ed as an expense in the period in which the rolated service is provKled. PrepaKI c¢￿"bUt￿l￿ are rectynised as an as¥el to the extont thgt th¢ pr•paYm￿l wlll to a red￿l¥)n in fijlure payments or a ￿$h refund. 18 Cardiff YMCA (1910) Trust Notes to the Flnanclal Statsmonts Year ended 31 March 2025 Accounting polici•8 Donatlow4 and l•gacl•• Un[eStr￿*d Total Fund* Unrestricled Totsl Funds Funds 2025 Funds 2024 C)onatlon• Donatk)ns Grft Aid from trading SL*)sAJiary 182 188.741 2,723 115.OCrf) 2,723 115,O¢J) 117.723 188.741 188.923 188.923 117.723 Oth•r tradlng actfvttlos Unrestricted Total Fund• Unfestr￿ted Total Fund6 Funds 2025 Funds 2024 Rental income 142.500 142,500 127.000 127,000 Leo88 agreements have been s￿n￿l wfth Cardlff YMCA Hou8iry Ass￿l￿n and the Cardrff YMCA (1910) Trust roc•pM8 r•ntal ir¥￿ Wi respKt of th98e propert*B. InvMtm•nt In¢om• Unrestrtded Tot•1 Fund• Unrestrthd Totsl Funds Fund$ 2025 Fund8 2024 Investment Intomo Intoml received 30.894 14.733 30,894 14,733 33,343 16.403 33.343 16,403 49,746 45,627 45,627 49,746 Expendlturn on charftablo actlvlilw ty fvnd typo Unr8stricted Total Fuftth Unrestricted Total Funds Fur¥Js 2025 Funds 2024 Youth SeNice8 Support Support costs 263.429 51.(k87 263,429 51,C67 243,753 28,985 243,753 26,985 270.738 314.496 314.498 270,738 19 Cardiff YMCA (1910) Trust Notes to the Financial Stat•m•nts I￿1￿1u•&I Year ended 31 March 2025 Ex￿ndItur• on charllablo actlvltl•8 by acilvlty typ• ActNities undertaken Grant fundw dirrtty of activiti88 Supwt Tot•1 fund• 2025 Total fvnd 2024 y￿th SeThic8s Support G¢)vemartt costs 39.393 224.036 45.069 5.998 308.498 5.998 265,339 5,399 39.393 224.036 51.067 314, 270,738 An•ty81• 014upport co•t• Total 2025 Total 2024 Preml Ccfflmun￿atKlns 8￿j IT Finar￿e costs Governance costs Legal & profe88ional co8t8 8.656 1.164 6,936 6.000 28.311 7.231 7YJ 6,800 5.399 51,087 28.985 10. An•ty￿• of grnnl• 2025 2024 Grnnts to in•litution• Grants to institut￿n8 224,036 224,036 208,659 206,659 Totd grants 11. N•t galn• ¢)n Inv••tm•nts unre8trK￿ Total Fund• Unrostrthd Total Funds Funds 2025 Funds 2024 G8in8lllossesl on investment proporty Gain5111085881 on li8led lnVe6tr￿ts 425.0(M) 129.2911 39S.709 425.000 129,291) 395.709 83,802 83.602 83,602 83,602 12. Net Incom• Nel inrAme is ststed after chargiW(crediting).' 2025 2024 Depr￿￿￿on oftsngible fixed assets 182 150 Cardlff YMCA (1910) Trust Notes to the Financial Ststements (¢ Year ended 31 March 2025 13. AudStorn r•mun•ratlon 2026 2024 Fees payable for the audrt of the financial stateM￿ts 5.4(YJ 14. Staff ¢o•ts The tolal staff costs and berth for the repL¥twig pwknd are analy88d as folltrws.. 2026 2024 es and saLgries Social securty costs Employer u)ntrthtsons to pensw)n plans 34,141 3.456 1,796 32.210 3,189 1,695 39,393 37.094 The average head c>Junt of empbyeos duri)g tho yèar wa8 1 (2024.. 1). No wnployee rgcoNed ￿￿10Ye8 beneffl¥ of than £60.CKIO durlng the yoar12024.' Nill. K•y M*n•g•m•nt P•rnonn•l management per¥onnel include am persons that have authority 8TrJ resp￿sibIlrtY for planning. directing and controlling the activrtbgs of Ihe charity. The lotol Compensat￿)n paid lo key managmnl POf80nnel for 8er¥us probvjed lo the charity wa$ £39.39312024:£37,0941. 15. Tru•t•• r•rnun•ratk)n and •xp•n• No remunwation or other beneffts frcffi wnpboymenl wi#) the charity ty a reLfjted entty wwe receNed by the tru¥tees. 18. Tangl￿4 flx•d ••••t• Equlpm•nt At 1 Aprll 2024 al￿ 31 M•reh 2026 D•pro¢latl¢ At 1 A4>ri12024 Charge for the year At 31 March 2025 895 441 182 623 Carrylng amoufit At 31 March 2026 272 At 31 March 2024 454 21 Cardiff YMCA (1910) Trust Notes to the Flnanclal Ststements Year ended 31 March 2025 17. Inv•slm•nts Cash or cash Listed InveStn￿nI equivalents w)veslments propertigs wivestments Totsl Co•t or valuatlon At 1 April 2024 Addition$ Disposals Fair value mo¥ement8 35.098 1.453,415 205.638 165,349 (196.0381 {103.348} (29.999) 1.485,417 2,115,CrfJO 3.603.515 370,987 1299,3881 395,001 4,070,117 425.OCMI At 31 March 202S 44.698 2.540,CKIO Imp•irm•nt Al 1 Aprll 2024 and 31 M•Ych 2026 Carylng amount Al 31 March 2025 44,698 1,485.417 2,540,IXIO 4,070,117 Al 31 March 2024 35.098 1,453.415 2,115.lJlO 3.603.515 AJI investrnents •htr*n 4)ove held al valuatvjn. U•t•d InvMlm•nts The &Jgregate market voluo of N8ted investn￿ts £1.485.41712024'. £1.453.4151. Inv•8tm•nt proport1•• Investrnent proportles rovalued in 2025 ty Clthi. Chartor•d Surveyor8, on an open market existing use value basis. Investrnent properts'es are m838ured at fair value annualty with any change reccgnised in the suwus or defr4t in the SOFA Flnan¢W h•ld at falr valu• l investments are held primrity to provide an invesknent rebjm for the Charty •rKI sra measured at fwr value other than unlthd inves1m￿ls. 18. Inve4tm•nl •ntlU•• Sub•ldlart•8 and oth•r inv••lm•nl• The unlisted inv6Stments repre8ent 2 £1 ordliary shgres in Green Funexals Ltd, Whol￿-owned tradiryd 8Utoidiary. 22 Cardiff YMCA (1910) Trust Notes to the Flnancial Statements Year ended 31 March 2025 19. Oebtorn 2025 2024 Trade debtors AmcMJnts cN4ed by group underta￿ngS Other debtofs 28.500 137.767 84.764 11.S50 195,926 106,051 313.527 251.031 The debtors above lh8 follu*ing amounts falling due after more Ihan on8 year. 2025 2024 Amounts owed ty group undortaklng8 Other debtors 75.780 67,922 137.767 87.166 143.702 224.933 20. Cr•dltor•: •mount• falllng duo T*lthln OD• yo•r 2024 Tr&16 creditOT3 Accruals and deferred Inco Social Security othèr taxes Other credrtors 1.454 5,71)0 6.379 141 921 5,400 5.760 13,874 12,081 21. Pgn•lon• and oth•r polt v•Uv•rn•nt D•fin•d conlrfbut5on pl•n• Tho amount recegnisad in inclxrn or exFendituro as Wb expense in relat￿n to defined contribution pLqns was £1,796 {2024.. £1.695). Cardiff YMCA (1910) T￿￿t Notes to the Financial Statements Year ended 31 March 2025 22. Anaty•l¥ ol charttobl• fund• Unr•strieted fund• At Gans and 31 Mar 202 ge$ 1 Apr 2￿24 Income Exp8nditur8 Transfers General lunds DesvJnated Fund - Investrnent propety fvnd 1,903,821 377.050 (314.4￿) (425,0001 395.709 1.937.084 2.115,000 425.0 2,540,000 395.709 4,477.084 4,018,821 3n,050 1314.496) Al G8fft$ and 31 Mar202 1 fvpr 2023 General funds Designated Fund - Investment property fLsnd 1.796.488 294.*169 {270.738) 83.602 1,903,821 2.115.fA)O 2.115,000 3.911.488 294,489 {270.738} 83,802 4,018,821 Oe8ignated funds represents investment property frjnds, 0$ thi$ grves a cloarer picture of the reserves for the charity. These f4Jnds are not readitry available a$ they ar6 for scKial Inv￿lment ond relurn bas18 23. An•ly•i• of n•t ••••ts b•iween fund• Unrestrlcw Tot*1 Fund• Funds 2026 Tangl)l¢ fixed ossets Investments C￿r￿n1 asset8 Creditors lèss than 1 year 272 4,070.117 420,369 113,674} 4,477,084 272 4,070,117 420,369 113.6741 4,477,084 Unrestrlcted Total Fund8 Funds 2024 Tanglble fixed assets Investments Current as8et8 Creditors ￿s5 than 1 year Not 454 3.603.515 426.933 {12,081) 4.018.821 454 3.603.515 426,933 112,081) 4,018,821 Cardlff YMCA (1910) Trust Notos to th• Flnancial Statements Year ended 31 Mareh 2025 25. Anal￿18 d ehanges In n•t d•bt At At 1 W 2024 Cash Ikyws 31 Mar 2025 169,338 Cgsh al bwk and in hand 113,406 55.932 26. R•lat•d pArtI•8 The charity received gff( aid of £188,741 (2024.. £115,000> from its trading $ub5Mliary Gr6an Ilctw FuneraLs Limrt¢d. During the prevkW¥ year. tsvo loans of £105.LKIO and £138,OJO made to the tr8ding subsidiary Gmn Vb•lllow Funerab Limited by the charity and is secured by registering 8 d)argo on the assets of the company the latter loan. Intewl is b￿￿9 ch8W 81 the m8rkel rate on t>)Ih bans. The total b?￿n￿ at the year ènd inclu¢Jed wiihin debtors due in less than one year and mcrt than one year amounts to £137,767 {2024.' £195.9261.