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
MOUl￿A]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 app￿1(able in the UK and the Republic of Ireland IFRS 102)
(effective 1 Jan 2015).
oBJE￿IVEs AND A￿￿lTIEs
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
Va￿ng 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.
A￿rUItment 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 D￿AlL5
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 sTATEmEr￿s
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 STATEmEP￿s
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 st￿ement 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 clasSif￿d 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