2025-08-31-accounts - Machynlleth Community Children's Project Ltd

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Trustees. Annual Report for the period Period start date Day lonth Period w)d date l Monlh To 31 From 2024 Section A Reference and administration details Machynlieth Communty Children's Project Ltd Charhy name othar names charity Is known by Reglstsred charlty numbor (If any) Charltys prlnclpal address 1043102 Ty Melfed Craufryn MaGhynlleth Post10 SY20 WB Namas of the charlty trustees who manago tho charlty Offi¢• Ilf any) O•ts* act•d If nat whtyl• ar Name of p•r$on lor body) •nthl8d to a Int tru8t•• Ifzn Tru•t•• nam• lona Sawtell Sarah Tack Jaqueline Lambourn8 Catrin Cullen Krilina Vince-Holt Director Appint&J 1310412019 Appointed 1511W2021 Appointed 2510812021 Rl Secretsry Director Treasurer Atw'nted 1610512022 Apwnted 1610512022 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. rf any, (for exarnple, any custodlan trustees) ar Name Dates acted rf not for wholo

Names and addrossos of advisers (Optional irrformation) e of advlser Name Address Name of chief exocutive or namos of senlor staff membgrs (Optlonal infomiatlon) Section B Structure, governance and mana ement Dascrlptlon of thè charlvs trusts Type of governing document The company was established under a Memorandum of Associatlon which estsblishes its objectives and powers and Is governed under its Articles of Association. The organisation is a charitsble company limited by guarantee, incorporated on 14th May 1992 Anyone interested in or approached about joining our board is made Welcle to attend an initial meeting, after which they are asked to tonfirm their interest. Pending the completion of a Trustee Members form and nomination and secondin8 at an Ordinary Trustee meeting, that person is then co-opted onto the board. This person is officially voted in at the following AGM. Notes from Article5 of Ass¢xiation read.. "The Board of directors may at any time co-opt any person to the Board of Directors whether or not helshe is a Membef of the Company. The Directors rnay appoint a person who is willing to act to be a Director provided that the appointment does not cause the number of Directors to exceed any number fixed by or In accordance with the Articles as the maximum number of directors. If not re-appointed at such Annual General meeti$/he shall vacate office at the conclusion of that meeting." How the charity is constituted Truste8 seleGlion methods Addltional governanco Issues (Optlonal informatlon) You may ¢hoose to include additional information. where relevant, about: licies and procedures adopted for the Inaucuon and training of tru*ees', the Gharty's organisational slnicture and any wider ngiwork with which th8 charty works., relationship with any related partiÉs-. trustees, considera11c of major risks and the system March 2012

and pr(xedures to manage them. Section C Ob'ectives and activities As stated in ts Memorandum of association MCCWS the objects for whlch the Charity Is established are.. 'To advance the education of children up to the age of eight years in Machynlleth and the surrounding area by promoting facilities for daily care, recreation and education of such children and by promoting good stsndards of child care by the parents of such children and all persons and organisations providing such facilities. Aims:. Provide high quality day care that enhances the development, care and education of pre-school children in a safe and stimulating environment, where they learn through play in partnership with parentslcarers. Welcome parentslcarers who want to become directly involved in the activities of the provision and provide opportunities to do $0. Encourage parentslcarers to understand and provide for the needs of their children. Encourage parentslcarers to provide opportunities for their childlren to learn Welsh. Summary of the objects of tho charlty sot out In its governlng document March 2012

Machynlleth Community Children's Project Ltd IMCCP) provides high- quality. inclusive and accessible childcare and early years education for children aged 6 months to 12 years. The charity supwrts children'5 learni. develcpment, wellbeing and future opportunities, while enabling parents and carers to work, study and partiEipate fully in community life. During this period, MCCP continued to deliver si8niflcant public benefit to children, families and the wider community, despite onsiderable operational challen8es. During the year, MCCP provided registered childcare. wraparound care, ofter-school provision and holiday childcare across its Sites at Y Plas and Ty Melfed. Through a play-based curriculum, outdoor learning opportunities. Welsh language experiences and activities designed around children's interests and developmentsl needs, the charity supported children's physical. emotional. social and cognitive development. Staff worked closely with families. scho)Is, Flying Start, Additional Learning Needs IALNI services and local authority advisory teams to ensure children received appropriate support and opportunities to reach their full potential. By the end of the year, MCCPhad 66 children registered with the charity, demonstratir6 the continued need for accessible, hl8h-quallty childcare provision in Machynlleth and the wrrounding area. A major focus during the year was maintsinin8 continuity of childcare provision following severe storm damage to the charitrfs nursery building during Storm Darragh. Workin8 With Care Inspectorate Wales ICIW). Machynlleth Toym Council and local community partners, MCCP successfully relocated Services and continued to provide childcare wlth minimal di5ruptlon to children and familles. This enabled parents and carers to continue working and Studyi while their children recelved safe, nurturing care. The charity continued to promote children's wellbeing by providing safe, carin8 environments where children could develop confidence, independence and positive relationships. Activities included outdoor learning, 5ens0ry play. creative arts. language development, healthy eating initiatives and opwrtunities for children to explore and learn through play. MCCP also supported children with additional learning needs through early identification processes and partnership working with specialist services. During this period, all staff completed essential training in health and safety, safeguarding, focd hygiene, manual handling, paediatric first aid and fire safety. All required service arKI safety checks were also ompleted, including checks relating to fire alarms, fire extinguishers, portable appliance testing and other relevant premises and equipment Marth 2012 Summary of the maln actlvltles undertakon for the publlc boneflt In rolatlon to those objgcts Ilnclud• wlthln th1$ soctlon the statutory declaratlon that trustees have had regard to the guldance Issued by thè Charlty Commlsslon on publlc boneflt)

safety requirements. Together. these measure5 SUPPOrted MCCWS commitment to maintsining safe, compliant and well-managed childcare environments for children, families, staff and visitors. Throughout the year. MCCP strengthened communication and en8a8ement with families through the introduction of the Famly digital platform. This enabled parents to receive regular updates about their child's learning. wellbeing and daily experiences. further strengthening the partnership between home and nursery. Parent feedback was overwhelmingly positive and highli8hted the quality of care. communication. emotional 5UPWt and Welsh language opportunitles provided by the charity. The charity remained committed to promoting Welsh language and culture within its provision. Children were encouraged to engage with Welsh through songs. stories, daily conVertIOnS and play experiences, supporting bilingual development and contributing to local and national Welsh language objectives. Trustees also focused on securing the lon8-term sustainability of the charity and its services. Following notification that MCCP had been named as the principal beneficiary of a substantial le8acy f rom the late Mr Michael Williams, trustees explored options to secure a permanent home for the organisation. This culminated in the decision to purchase the former doctors, surgery In Machynlleth, creatin8 a lon8-term charitable asset to support the continued delivery of childcare services for future generations of local children and famllles. Addltlonal dotalls of objectlves and actlvltlos (Optlonal Informatlon) Following receipt of the generous legacy gifted to Machynlleth Community Children's Project Ltd {MCCP) by the late Mr Mlchael Williams, the Trustees have carefully considered how these funds can be used to maximi5e public benefit, secure the future of the charity, and ensure the long-terrn sustsinability of childcare provision within the Machynlleth area. The Trustees recognise their responsibility to ensure that charitsble funds are invested prudently and in a manner that directly support5 the orRanisation's charitsble objectives. Following extensive consideration of number of options. the Trustees concluded that securiiig a permanent home for MCCP represents the most sustainable and beneficial use of the funds available. You may chooso to include further statements, where relevant, alul.. FK)licy on grantmaking; policy programmE ielatsd investment; contribution made by volunteers. Background In D•cÈmber 2024. MCCP suffered sienificant storm damase to its nursery building as 3 result of Storm Darragh. The damage was extensive Marth 2012

and resulted in the charity having to urgently relocate services to ensure childcare provision could continue for local families. Children aged 2-3 years were temporarily accommodated within Ty Melfed. whilst childcare for children aged 6 months to 2 years wa5 initially delivered fr(Kn temporary community facilities before moving to accommodation provided with the support of Machynlleth Town Council. The organisation successfully re-registered the service with Care Inspettorate Wales and reopened on 6 January 2025. Subsequent inspertions and professional assessments determined that the original nursery building was unsafe and that demolition represented the most appropriate course of action. The Need for a Permanent Solution Whilst the emergency arrangements enabled MCCP to continue operatlng, the charity has experlenced slgnificant Challee5 operatlng across two separate sites. Operatlng from two locatlons has: Increased staffin8 costs due to the need to maintsln approprlate stsffing ratios, leadership presence and safeguarding arran8ements across both Iixations. Increased management and operational costs. Reduced operational efflciencv. Made communication between teams more challengln8. Limited opportunities for staff to work collaboratively. Restricted opportunltles for children to access the same facilities and experiences. Increased pressure on the charity's finances, The Trustees have concluded that continuin8 to operate acr05S two sites is not financially sustainable in the long term. Bringing all children and stsff together within a single building will significantly reduce duplication of Staffing and operational costs and improve the overall efficiency and sustainability of the organisation. StrJtPEiC Investment Objectives The legacy funding will be used to achieve the following objectives: l. Secure a Permanent Home for MCCP Purchase and develop a permanent building capable of accommodating all nursery. childcare and family services on one slte. Ownership creates a long-term charitable asset that will benefit future 8eneratlons rather than investing substsnts.al fund5 into rented accommodation.

Protect Childca re Provision Safeguard the continuity of childcare services following the loss of the previous nursery building and ensure families continue to have acces5 to reliable, high-quality chil(kare provis10n.
Improve Children's Outcomes Create an enhanced learnin8 environment that SUPFN)rts children's wellbeing, learnin8. development. outdo)r play, inclusion and Welsh lan8uage development.
Improve Organisation31 Su5tainabllity Brin8 all children and stsff together on one site to reduce duplicated Costs, improve efficiency. strengthen serrfice delivery and ensure the charity remain5 financially sustainable into the future. Operating from a single location will allow resources to be directed into improving outcomes for children rather than malntainin8 multiple sites. Property Acquisition FolSowin8 the receipt of the legacy, Trustees considered several option5 for the future accommthdation of MCCP, including the potential lease of a Welsh Gi)vernment-owned bulldin8 that met the required space stsndards for childcare provision. In March 2026, the former doctors, surgery in Machynlleth became available for purchase. After careful consideratlon, site vlslts and discussions re8ardin8 future development potential, Trustees unanimously agreed that acquiring the property would provide the greatest lon8-term benefit to the charlty. Benefits of purchasing the property Include: Creation of a permanent base for MCCP. Bringing all services together under one roof. Improved operational efficiency. Increased opportunities for service development. Enhanced facilities for children and stsff. Creation of a valuable charitable asset. Improved long-term financial sustainability. An offer of £3(X).iNXI VRS submitted and subsequently accepted. and the charity is progres5in8 V4ryth the purchase. 12-Month Delivery Plan Phase l - Property Acquisition Mafch 2012

Complete legal purchase. Finalise surveys and due diligence. Transfer ownership to MCCP. Phase 2 - Design and Planning Complete architectural designs. A8ree r¢x)m layouts and operational requirements. Engage with CIW and relevant stakeholders. Phase 3- Building Development Complete adaptstion viorks. Oevelop indoor and outdoor learning envlronmerrts. Purchase fvrniture, equipment and resources. Phase 4 - Transition and Opening Complete re8iStration requirements. Relocate seNices to the new bullding. Inform and engage families throughout the move. Launch the new MCCP facility. Public Benefit Outcomes The Trustees expect this Investmert to deliver significant public benefit through: Securing the future of childcare provision for chlldren aged 6 months to 12 years. Providing a safe, secure and purp05e-designed environment for learning and development. Supporting working families and helping sustsln local employment. Protecting jobs within MCCP. lrnprovin8 children's VlIbeing and outcomes. Increasing OPWtunities for Welsh language development Supporting children with additional learning needs. Reducing financial pressures asscKiated with operatin8 over two sites. Improving efficiency by brirvding staff, children and resources together in one location. Creating a permanent community a55et that will benefit future generations. March 2012

Trustee Statement The Trustees believe that using the Michael Williams le8acy to purchase and develop a permanent home for MCCP represents a prudent, sustainable and impartful use of charitable funds. Rather than investing significant resources into temporary accommodati¢)n or lon8-term lease arrangements. the charity is investing in a permanent asset that will continue to serve children. families and the wider community for many vears to come. The decision has also been driven by the need to secure the lon8-term financial sustsinability of the charity. Operating from two separate sites has created increased staffing requirements and additional operational costs which place Ongoi pressure on resources. Bringing all servlces together within one building will reduce duplication, improve efficiency and enable a greater proportlon of the charity's Income to be invested directly Into dellverlng hl8h-quallty childcare and supportin8 children's outcomes. The Trustees are satisfied that this investment represents the best use of the legacy received and will secure a stable, 5UStainable future for MCCP whilst ensuring the continued delivery of high-quality childcare for the children and families of Machynlleth and the surrounding communities. Section D Achievements and performance

Section D Summary of the main achlevements of tho charity durlng the year Achievements and performance A major achievement during the year was the charity's successful response to the severe storm damage caused by Storm Darragh in December 2024. Following the closure of the nursery buildingi MCCP rapldly implemented emergency arrangements to ensure continuity of care for children aged 6 months to 3 years. The charity successf ully relocated services across alternative sites, worked closely with Care Inspectorate Wale5 {CIWI and Machynlleth Town Council, and re-opened provision on 6 January 2025 with minimal disruption to families. Throughout the year, MCCP continued to provide high-quality childcare, early years educatlon, after-school care and hollday provlsion for children aged 6 month5 to 12 years. The organi5ation maintained strong partnerships with parents, schools, Flying Stsrt, Local Authority advisory servlces and Additional Learning Needs IALNI teams to ensure children received appropriate support and opportunities to thrive. The charlty successfully increased its re8lstered chlldcare capacity through approval from Care Inspectorate Wales, enabling more children and families to access childcare services during a period of sl8nlficant Iixal need. MCCP continued to achieve FltIve outcomes for children through a play-based approach to learning, outdoor experiences. healthy eatin8 initiatives, and a stron8 focus on emotional wellbeing. Children were supported to develop independence, confidence and key developmental skills withln nurturing and inclusive environments. The organlsation also continued to provide effective Support for children wlth additional learning needs through early identification and partnership workin8 With specialist agencies. A significant improvement during the year was the introduction of the Famly digital platform. This enhanced communication with families, improved record keeplng, strengthened compliance monitoring. and allowed parents to receive resular update5 regarding their children's experiences. learning and wellbeing. Parent feedback demonstrated that communication had improved considerably following its introduction. Feedback from famllies remained overwhelmingly positive. Parents highlighted the warm and wel¢omin8 environmÈnt. excellent communication, strong emotional supp)rt for children, quality learning experiences. outdoor opportunities and promotion of the Welsh language. 5tsff were praised for their dedlcation, patience and commitment to supporting children's individual needs. The charlty also made significant prcgress in supporting and developing its worKforce. Weekly roorn m•otin8s and management meetings were introduced to improve communication and co113boratiOTJ. Staff wellbeing Mawch 2012

Section D Achievements and performance initiatives. including a dedicated wellbeing weekend, were implemented to support morale and resilience during a challenging period of organisational chan8e. Staff survey results indicated improved levels of satisfactirn compared with the previou5 year. MCCP continued to promote Welsh language and culture throughout its provision. Children participated in Welsh songs, stories and activities, with many parents reportin8 increased use of Welsh language at home as a result of their children's experiences within the setting. A transformational achievement during the year was the notiflcation that MCCP had been named as the principal beneficiary of a substantlal legacy from the late Mr Michael Williams. This provided the charlty with an opportunity to secure its long-term future and enabled trustees to explore optlons for a permanent home for the organisation. Followin8 detailed consideration, trustees successfully a8reed the purchase of the lormer doctors, sur8ery in Mathynlleth for £300,C(IO. Thi5 will provide a permanent base for the charity, create a valuable charitable asset, improve financial sU5tainabillty and allow all services to operate from a sin8le 51te in the future. Overall, the charity demonstrated resilience, strong leadership and effective governance throughout the year, successfully overcoming slgnificant challenges whilst continuin8 to deliver hi8h-quality childcare and support to children, families and the wider community. The actions taken during the year have positioned MCCP well for future 8rowth, sustainability and continued public benefit. Section E Financial review RESERVES POUCY In January 2023 the Trustees revIevd the restricted Funds Policy This policy explains why we hold a certain amount of our money in cash reserves, why we hold the level we hold and how this policy will be reviewed. Machynlleth Community Children's Project IMCCPI Ltd.'s Reserves As a charitsble company Ilmlted by guarantee, the Trustees acknowledge that each year the majority of income should bÈ returned to the charity in terms of the services MCCP provides. However, as a sensible and professional organisation. it is important that a level of reserve is held which would be available should any unforeseen circumstance occur. MCCP is dependent on trading income and an element of grant funding, the nature of the organisation is such that it is unlikely to be able to secure any other type of funding from other source5. Level of Reserves in order to minimise the risk to the organisation. the Trustees have agreed the following-. To maintain a level capable of meeting a sufficient operating reserve to meet the equivalent of 0-Month Salary costs. Current assets Brlef stalemant of the charlty's pollcy on reserves

surplus to the agreed operating reserve, shId be used for strategic purposes of MCCP in developing its services and raising its Standards. £24(K)O was bequeathed to MCCP to helpfacilitate a new nursery building. This isto be held in reserves until such a time that a new nursery building is acquired. At any time, this policy can be reviewed should the chair of the Trustees receive official notice from either two of the Trustee Boar(L Machynlleth Community Children's Project Ltd hold £64690.00 in reserves as of January 2023. This policy was reviewed Februa 2023. Detalls of any funds materlally In deflcft Further financlal revlew dots118 (Optlonal inforniation) The Trustees are pleased to report that, despite a year of significant operational disruption following the loss of the charity's nursery building, Machynlleth Community Children's Project Ltd remained financially Stable and continued to deliver high-quality childcare service5 to children and familles across the local community. You may chooso to inclLKI8 additional information, where rélevant about.. the charity's principal sources of funds (including any fundraisingl., how expenditure has supported the key objectives of the charity: Investment pollcy and objectives including any ethlcal Investment poIY adopted. Totsl income for the year S £789.95012024: £301,747). It is important to note that this substantial increase in income vrns almost entirely attributsble to the receipt of a signiflcant legacy, rather than an increase in normal tradin8 activities. Childcare fee income in¢rea5ed to £355,048 {2024: £277,822), reflerting continued demand for the charity's services, however the exceptlonal rlse In overall income arose from the legacv received durlng the year. Without this legacy, the charity's income would have reflected a much more typical operating year. The Trustees recognise that this legacy represerrts a one-off receipt and not a recurring source of income. Consequently, the charity ha5 not viewed the funds as available for ongoing operational expenditure, but rather as a unique opwrtunity to address long-term strategic challenges and secure the future svstainability of the or8anisation. Total expenditure during the year was £383,68412024: £307.2701. Staffing costs continued to represent the charity's lar8est area of expenditure, with Vge5, National Insurance and pension contributlons totalling £329,552. Thi5 reflects the charity's commitment to maintalning appropriate Staffing ratios, safe8uarding standards and high-quallty childcare provision. The charity reported a net surplus of £4LE•.266 (2024: deficit of £5,523). Again, Trustees emphasise thatthi5 surplus was generated prirnarily a5 a result ot the excepiiondl Irsa¥y inGom• rg¢•ivÈ>d diJrinGr the vear. March 2012

Excluding the legacy, the financial position would have reflected the usual challenges faced by childcare providers operating in a difficult economic environment and managing increased operating costs ass(Kiated with temporary accommodation arrangements. At 31 August 2025. total fund5 Stcd at £498,32912024: £92,063), comprising £467.088 unrestricted funds and £31,241 restricted funds. Cash balances increased from £81.837 to £502,687, primarily due to the receipt of the legacy funds. Following Storm Darragh and the subsequent loss of the nursery building, the charity has been required to operate from two separate sites. Whilst this arrangement has enabled MCCP to continue providin8 childcare services. it has significantly increased operating costs, particularly staffing costs. Additional staffing is required to ensure appropriate supervision. management oversight. safeguarding arrangements and regulatory compliance across both locations. Trustees have concluded that operatin8 from two slte5 is not financiallv sustainable in the lon8 term and that brin8ing a51 children and staff together within a sin8le buildin8 is essential to securin8 the charity's future. During the year. the charity was notified that It had been named as the principal beneficiary of a substantlal legacy from the late Mr Michael Williams. The Trustees undertook a strategic review of the or8anlsation's future accommodation needs and considered a range of options for securing a permanent home for MCCP. Followin8 detailed consideration, Trustees agreed to purchase the former dc(tors' sur8ery in Machynlleth for £300,(XKI, subject to completion. The acquisition will create a permanent charitable asset and enable the or8anisation to bring all 5ervice5 tO8ether on one site, reducin8 duplication of costs, improving operational efficiency and 5trengthenin8 lon8-term 5UStainability. The Trustees believe that usin8 the le8acy in this way represents a prudent and responsible use of charitable funds. Rather than usinE the funds to support day-ttrday expenditure, the investment will provide long-terTn benefits to children, familie5 and the wider community by securing the future of childcare provision in Machynlleth for many years to come. Alter revieY*ivi8 tr¢ cnarity's financial position. future available reserves. the Trustees remaln satisfied that MCCP has adequate

resources to continue operatin8 and meeting its charitable objectives for the foreseeable future. The financial 5tstements have therefore been prepared on a going concern basis. Overall, while the charty's year-end financial pos(tion is signnfcantty stronger than previous years, the Trustees acknaedge that this reflects the receipt of a one-off legacy rather than an increase in recurring income. The Board's focus remains on using these funds slrategicalty to secure a permanent home, improve operational efficiency. and ensure the long-term sustainabilty of MCCP and its services for future generations. Section F Other optional information Section G Declaration The tru3tges declare that they have approved th6 tru8tee8' report above. Slgn•d on bèhalf of the eharlty'• trustees Slgnalurels) Full namo(s Po8ltlon (eg Secretary, Chalr, otc) Date 2* TAR 14

MACHYNLLETH COMMUNITY CHILDREN, PROJECT LTD REPORT AND FINANCIAL STATEMENTS coverin the ear ¢nded 31st Au st 2025

MACHYNLLETH COMMUNITY CHILDRENIS PROJECT LTD CONTENTS Page REPORT OF THE DIRECTORS, INDEPENDEKf EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 8-13

MACHYNLLETH COMMUNITY CHILDRFN'S PROJECT LTD REPORT OF THE DIRECTORS, for the Year Ended 31st A ust 2025 The direclors present their report and financial statements for the year ended 31 st August 2025. REFERENCE AND ADMINISTIL4TIVE INFOIiMATION Charity Name Ma¢hynll¢th Community Children's Project Ltd Charity R¢gistration Number 1043102 Company Registration Number 2714750 Registered Office and Operationydl Address Machynlleth Community Children Project Lt(L Ty Melfed, Craigfyn, MachynlletlL Powys. SY20 8JB Directors The following have served as directors during the year . Iona SaThTtell Sam Brown¢ (resigned 01.09.24) Jacqueline Lambourne Sarah Tack Laura Stevens (resigned 30.03.26) Catrin Cullen Kristina Vince-Holt A¢¢ountants Major and Evans, Bull House, 15 Penrdllt Street, Machynlleth, Powys. SY20 8AG Bankers Barclays, 26 Terrace Road, Aberystwyth, Ceredigion. SY23 2AE STRucfuRE, GOVERNANCE AND MANAGEMENT The organisation is a chaTitable cornpany limited by guarantee, incorporated on 14th May 1992. The cumpany was established under a Memorandum of Association which establishes its obj¢cls and powers and is governed under its Articles of Association. In the event of the company being wound up membeTS are required to contribute an amount not exceeding £1.

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD REPORT OF THE DIRECTORS, for the Year Ended 31st Au st 202S continued STRUCTURE, GOVERNANCE AND MANAGEMENT (cont) Interest in MCCP Ltd direclorship is welcomed at any time, however an acti¢ r¢¢IlMent pmgramme is implemented preceding the Annual General Meeling in a iiariety of media. This may include verbal discussions, notices placed locally, press releases, neHsletters to members and/or via our dalabase of local organisations across Bro Ddyfi. Applications are invited from all mcmbers of the community ?th an interest in enabling MCCP Ltd to achieve its aims and obj¢clives. In lin¢ with our Equal Opportunities Policy we appoint Director5 via a fair and transparent process regardless of age. gender. social background, abilityldisability, culture, ethnic origin or religious belief.* Expressions of interest in directorship are Teceiva by the Managemeni Committee for consideration and are democratically elected on the b&sis of suitability to und¢rtak¢ th¢ r¢quired responsibilities. All Directors receive an induction handbook containing latest accounts, copies of minutes, governing document, Charity Commission publications detailing legal responsibilities and other relevant inforntion. (In accnrdance with C.'harity Law guidelines) OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT These are stated in the Memorandum of Association to advance the educalion of children up to the age of twelve years in Machynllcth and surrounding area by promoting facilitie% for daily care, recreation and ¢du¢alion of such children, and by prornoting good standards of child care by the parents of such childTen and all persons and organisations providing such facilities. In exercising their powers the directors have complied with their duty to have regard to the guidance on public benefit published by the Charity Commission. FINANCIAL REVIEW The Statement of Financia] Activities is shown on page 6 to the Accounts, and shows income of £789,950 and expenditure of £383.684. resulting in net income (11"£406,266 as analysed between the various funds d¢tsil¢d th¢rein. All ihe assets as shown in the Balance Sheet are held for the purpose of the company's charitable obj¢¢lives. After making appropriale enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational exisl¢n¢¢ for th¢ foreseeable fulurc. For this reason they continue to adopt the going concern basts in preparing the financial statements..

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD REPORT OF THE DIRECTORS, for the Year Ended 3J5t Au ust 2025 Continued DIRECTORS, RESPONSIBILITIES Company law requires the directors to prepare financial statements for each financial year which give a trne and fair view of the stat¢ of the company and of th¢ surplusldeficit of the company for that perÈod. In preparing these financial ststements. the directors are required to s¢lect suilable accounting w)licies and then to apply them consistently" making judgements and estimales that are r¢asonabl¢ and prndent, and prepare th¢ financial statements on a going concern basis, unless il is inappropriate to assume that the rnPany will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of ihe company, and enable them to ensure that the financial stalemeDts comply with the Companie5 Act 2006. Th¢y are a]so responsible for safcguarding the assets of the company, and hence for tsking reasonable stsps for the Prevention and detection of fraud and other iTregularities. SMALL COMPANY RULES The company has taken advantage of the small companies, exemption in preparing the repon above. By Order of the Board Kristina Vince-Holt (Trustee) 131ts511ts Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COMMUNJTY HILDREN'S PROJEC TD I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st August 2025. Responsibilities and Basis of Report As the charttys trustees of the Company (and also its directors for the purposes of company law) you ar¢ responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not Tequired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charily's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission und¢r section 145(5) (b) of lh¢ 2011 Act. Independent Examiner's Ststement Since the Company's gross in¢om¢ exceeded £250,000 your examiner must be a men)ber of a body listed in scction 145 of the 201 l Acl. I confirnl that l am qualified to undertake the examination because l am a member of The Association of Chartered Certified Accountants. which is one of the listed bodies. I have completed my examination. I confirn] that no matters have come to my altention in connection with the examination giving me cause lo believe.. accounting r¢¢ords were not kept in respect of the Company as required by seclion 386 of the 2006 ACL or 2. the accounts do not accord with ihos¢ rOrdS. or 3. Ihe awounls do not comply wilh th¢ accounting requirements of section 396 of the 2006 Acl other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of th¢ Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)).

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COMMUNITY CHILDREN'S PROJFCT LTD Continued I have no concerns and have come across no other matters in connection with the ¢xamination to which attention should be drawn in this report in ord¢T to enable a proper understanding of the accounls to be reached. R W Evans Bsc Econ(Hons). FCCA Major and Evans, Chartered Certified Accountants. Bull House, 15 Penrallt Street, Machynlleth, Powys.

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD STATEMENT OF FINANCIAL ACTIVITIES ineludin Ineome and Ex ndlltsre Aecount For Ihe Year Ended 31st A st 2025 2025 2025 Note Restricted Unrestricted Funds Funds Total Funds 2025 Total Funds 2024 INCOME Donations and Legacies Legacy Gifts and Fundraising Grants Charitable Activities Fees Investment Income 400.000 8,377 50 400,000 8,877 25.309 500 25,259 1,073 21.694 355,048 716 355.048 716 277,822 1,158 25,759 764,191 789,950 301,747 EXPENDITURE Charitable Activities 7.218 376,466 383,684 307,270 7,218 376,466 383,684 307.270 Nel Incom¢l(Expenditur¢) 18J41 387.725 406,266 (5,523) Re¢on¢iliation of Funds . Total Funds Brought Forward 12,700 79,363 92,063 97.586 Total Funds Carried Fonvard 31241 467,088 498J29 92,063

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT Ltd BALAIYCE SHEET as st 2025 Notes 2025 2024 Fixed As5els Tangible Assets 1,994 2,446 Current Assets Debtors Cash at Bank 4,067 5 502,687 506,754 10.707 81,837 92,544 Creditors '. Amounts falling due within one yeaT 10,419 2,927 Net Current Assets 496,335 89,617 Total A$set$ le&s Current Liabilities 498,329 92,063 Total Net Assets 498J29 92,063 Finan¢¢d by . Funds - Unre5tTiCted Restricted 8(a) 8(b} 467,088 31,241 498 J29 79.363 12,700 92,063 The company was entitled to exemption from audit under s477 of ihe Companie5 Act 2006 relating to small companies. The members have not required the company to obtakn an audit in accordance with section 476 of'the Companies Act 2006. The directors acknowledge their rcsFK)nsibilities for complying with the requirements of the Companies Acl with respect to aecounling records and the preparation of accounts. These accounts have been prepared in accordance with Ihe Provisions applicable to small companics subject to the small companies regime and in accordance with FRSI 02 SORP. Approved by the Board of Trustees on . .J.I and signed on its behalf by Kristina Vince-Holt (Truslee) cqueline L8mlx)urne (Truslee)

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31sl Au ust 2025 l. Accounting Policies a) Basis of Preparation of Financial Statements The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities . SLqtement of Recommended Pracli¢e applicable to charitie5 preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS102) {issued in Odober 2019 - (Charili¢s SORP {FRS102)}, the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102) and the Companies Act 2006. Machynll¢th Community Children's Project Ltd meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting licY. b) Income All income is r¢cognis¢d onc¢ th¢ company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donaled services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met. the receipt of economic Ixnefit from the use of the company of the itcm is probable and that economic benefit can be measured liably. In accordance with the Charities SORP (FR8102). general volunteer lime is not Tecognised. c) Expenditure xpenditurc is recognised once there is a legal or cOnstntIvc obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefils will b¢ required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity.

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au st 2025 Continued e) Tangibl¢ Fixed Assets Expendilure on tangible fixed assets is capiLqlis¢d at cost. Depreciation of tangible fix¢d assets is calculated to write off the cost less estimaled residual value of each ass¢t over its expected us¢ful life using the reducing balance method as follows .' FurnitUTe, Fixtures, Fittings and Equipment 15 % per annum comput Equipment 330/0 per arnium Le&sehold Land and Buildings Over the Period of the Lease (Straight Line Method) D Debtors Trade and other debtors ar¢ recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount PT¢paid. g) Creditors and Provisions Creditors and provistons are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of. funds to a third party and the arnount due to s¢ttl¢ the obligation can be measured OT estimated Teliably. Creditors and provisions are normally recognised at their settlement amouni after allowing for any trade discounts due. h) Financial Instruments The ¢harity only has financial asscts and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrun]ents are initially recognised al transaction value and subsequently measured at their settlement value. i) PensioDS The charity contribules lo employees, pension plans and the pension charge represents the amounts payable by the charity to the plans in respect of the year. j) Funds Restricted Funds Incom¢ received from public sector bodies and others to be used in fvrtherdnce of particular aspects of the objects of the charity is separated and treated as restricted funds. ii) Unrestricted Funds Unrestri¢l¢d funds are donations and othcr incoming resources receivable or generated for the objccts of the charity without further specified punx)se and are available general funds.

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD NOTES FORMING ART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au 5t 2025 Continued 2025 2025 Restricted Unrestricted Funds Funds Total Fund5 2025 Total Funds 2024 2. Charitable Aclivities Resourccs for Children Direct Miscellaneous Expcnses 5,593 1,066 5,593 1.066 9.322 618 Wages and NIC Pension Costs Rent and Rates Heat, Lighl and Power Travelling and Entertainment Printing and Slationery Telephone and Computer Charges Software Subscriptions Accountancy Repairs and Renewals Bad Debt5 Subscripltons and Liccnces Training Insurance General Expense5 Cleaning Premises Lxpenscs Consumables HygienelDisposal Bank Charges DepteLiation 325,226 4.326 1,942 4,620 i li 1,368 4.150 2,795 2.650 7,238 282 473 307 3,984 263 361 1,821 .545 5,786 190 369 325226 4,326 1,942 4.620 iii 1.368 4,150 2,795 2,650 7.674 282 473 646 3,984 263 361 8,181 1,545 5,786 190 452 253.516 2,930 1,149 3,123 182 2,039 3,810 2.565 1,650 7.925 275 336 1,067 4.767 436 339 607 5,508 1,204 3,984 112 581 6,360 83 7,218 376,466 383,684 307,270 10

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINAI¥CIAL STATEMENTS for the Year Ended 31st Au Continued st 2025 3. Fixed Assets - tangible assets Lcaseh()Id Computer8 Furniture Land and Ydnd other Fixtures Building5 Equipment and Fittings Total Costlvaluation . at I st September 2024 Expenditure in Year 39,992 23,391 16,192 79,575 39.992 23,391 16,192 79,575 DepreciatioD . at I st Seplember 2024 Amount provided in year 39,992 22,919 156 23.075 14.218 296 14,514 77,129 452 77,581 39.992 Net Book Value at 31st August 2025 316 1,678 1,994 Net Book Value at 31 sl August 2024 472 1,974 2,446 4. Debtors 2025 2024 Fccs 4067 10707 5. Cash at Bank 2025 2024 Current Accounts Deposit Accounts 34,485 468,202 502,687 14.471 67,366 81,837 6. Creditors . amounts falling due within one year 2025 2024 Taxation and Social Security Other Creditors Accruals 5.139 3,440 1,840 10.419 42 1,325 1,560 2,927

MACHTrThLLETH COMMUNITY CHILDRFN'S PROJF.CT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 1st Au ust 2025 Continued 7. Analysis of Total Net Assets between Funds 2025 2025 Reslrieted UDreslricted Funds Funds Total Tangible Fixed Assets . Leasehold Iand and Buildings .' Cost Depreciation Net Book Value Computers and Other Equipment . Cost Depreciation Nei Book Value Furniture, Fixtures and Fittings . Cost Depreciation Net Book Value 38.192 38,192 1,800 1.800 20,711 20,700 2,680 2,375 305 316 6,346 5,908 438 9.846 8.606 1,240 1,678 449 1,545 1,994 Current Assels . Debtors and Prepaym¢nts Cash at Bank Cash in Hand 4,067 471,895 4,067 502,687 30,792 30,792 475,962 506,754 Creditors '. - amounts falling due within one year 10,419 10,419 Creditors . - amounts falling due after more than one year 30.792 465,543 496,335 Net Current Assels 30,792 465.543 496,335 Tot¥dl Assets le55 Liabilities 31.241 467,088 498.329 12

MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for th¢ Year Ended 31st Au st 2025 Continued 8. Funds Balance Isl September 2024 Movement in Resources Inter Fund Balance Transfers 31st August 2025 Incoming Outgoing (a) Unrestricted fund: 79.363 764,191 376,466 467,088 (b) Restricted funds: 12.700 25,759 7,218 31,241 Totals 92,063 789,950 383,684 498,329 13

MACHYNLLETH COMMUNITY CHILDREN, PROJECT LTD REPORT AND FINANCIAL STATEMENTS coverin the ear ¢nded 31st Au st 2025

MACHYNLLETH COMMUNITY CHILDRENIS PROJECT LTD CONTENTS Page REPORT OF THE DIRECTORS, INDEPENDEKf EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 8-13