Mountaln YMCA REPORT OF THE TRUSTEES YEAR ENDED 31" March 2024 REGISTERED CHARITY NUMBER: 250106 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMErifs FOR THE YEAR ENDED 31StMARCH 2024 FOR MOUlA]N ASH YMCA
Mountain YMCA REPORT OFTHE TRUSTEES YEAR ENDED 31" March 2024 The Tnjstees presents their Report with Financial Statemerts of the Charity for the year ended 3151 March 2024. The Trustees have adopted the prow&ons of Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Stsndard app1(able in the UK and the Republic of Ireland IFRS 102) (effective 1 Jan 2015). oBJEIVEs AND AlTIEs The premises shall be occupied and used underthe control and management and at the expense of the comrnittee forthe time being of the assrxiation. a5 0 young men'5 Christian association for the spiritual, mentsl and physical well-being of youth in accordance with the rules and principles from time to time approved by the ccwnal in respett of this and similar associations and having regard to any special needs of the locality and of theyouth therein, which may arise wtth the Vang circumstsnces of fjjture time& ACHIEVEMENT AND PERFORMANCE The letting income derives from renting out part of the YMCA premises to various organisations Malr Lewis ( Chair I
Muuntain Ash YMCA FINANCIAL STATEMENTS YEAR ENDED 31- March 2024 FINANCIAL REVIEW Reserves policy The unrestricted Funds represent a realistic level of reserves for future levels of expenditure. It Is the Intention of the tharity to build this up to a reasonable level to avoid any uncertalnties in the future. The level of reseEves will be monitored where any changes in income or expenditure are expected. 5TRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The company is governed by its Memorandum and Arbdes of Association. ArUItment and appointment of newlyustees The Chatfty has not recruwted any newTru5tee5 durtng this year. The companvs principal office is Duffryn Road. Mountsin Ash. CF45 4DA REFERENCE AND ADMINISTRAMVE DAlL5 Registered Charity Number 250106 Trustees Mair Lewis I chairl Dennis Payne Guy Wallace Smith Kevin Wells Anthony V<illiams Alan Christoper Trudy Fisher Alison Field Bankers Uoyd TSB City Road Brand) Cardiff Approved by order ofthe board of trustees on the 27thJanuary 2025 and stgned on its behalf by: Mair lewi5
Mountaln Ash YMCA FINANaAL sTATEmErs YEAR ENDED 31" March 2024 Income Rental Grant RCT 1621)J.25 15968.21 32168.46 Expenses Telephone Bank Charges Insurance 1413.76 298.71 3,293.02 Cleaning TV Licence Repairs and Renewals Sub-contractors Misc British Gas kottish Power Restricted Income 2&). 2.180.IY) 1.337.92 s.7.% 13.101.66 28.773.03 Profrt for year 3395.43
Mountsln Ash YMCA FINANCIALSTATEMEK YEAR ENDED 31" March 2024 The charitable comp3ny is entitled to exemption from audit under Section 477 ofthe Cornpanie5 Art 2CKJ6 for the year ended 31 March 2024 The mernbers have not required the company to obtsin an audit of its finanaal statements for the year ended 31 Marth 2024 in accurdance wwth Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilitie5 for (a) ensuringthatthe charitable companykeeps accounting records that complywith Sections 386and 387 of the Companies Art 2Crt)6 and (b) preparing financial statements which giNE a true and fair view of the stste of affairs of the tharitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan wth the requirements of Settion5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2(6 relating to financial statements, so far as applicable to the charitsble company. These finanoal ststements have been prepared in accordance wtth the special provisions of Part 15 of the Companies Act 21))6 rel*in8 to charitsble small companies. The financial statements were approved by the Board of Trustees on the 27th January 2025 and were signed on its behalf by: Malr Lewls Trustee
Mountain Ash YMCA FINANCIAL STATEmEPs YEAR ENDED 31" March 2024 Accouf4TIN6 pouaES The following accounting policies have been applled In dealin8 Wtth items. which are considered material in relation with the chariWs finanaal statemerrt The finan¢ial stement has been prepared in accordance with applicable accounting standards and under the historical cost convention, In addition, the finanoal statements adopt the revised Statement of Recommended Practi. Accounting by Charities issued by the Charity Commission in Octobèr 20(. Lettln8 Income The letting income derives from renting out part of the YMCA premises to various organisations Expenditure Liabilities are recognised a5 expenditure assoon asthere 15 a legal or con5trurtive obligation commttting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in setdement and the amount of the obligation Can be aSure reliably. Expenditure is accounted for on an accruals basis and ha5 been clasSifd under headi[ that aggregate all cost related to the category. Where costs cannot be diredy attributed to headings, they have been alloc3ted to attivities on a basls con51Stent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and equipment- 25% of reduong balance basis Fund accounttng Unrestricted fijnds can be used in accordance with the charitsble objective5 at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the tharity. Restrictions arise when specified bythe donororwhen fundsare raised for rtICUlarrestricted purposes. Further explanation of the nature and purpose of eath fijnd is induded in the notes to the finaniial Statements. Flnandal Instruments The charity only has financial assets and financial liabilities of a kind that qualifies as basic finanaal instruments. Basic financial instruments are inttially recognised at transaction value and subsequently measured at theirsettlement value.
Mountsln Ash YMCA FINANCIAL STATEMENTS YEAR ENDED 31" March 2024 TRUSTEES, REMUNERATION AND BENEFrrs There were notru5tee'5 rernuneration orother beneffts for the year ended 31° Marth 2024 Trustees. expenses There were no tru5tees' expenses paid for the yearended 31" Marth 2024 RELATED PARTY DISCLOSURES There were no related party transactio for the year ended 31 March 2024