CYLCH MEITHRIN TREHARRIS
Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1055231 Principal Office
17 Brynteg Treharris CF46 5RF
Trustees
The following Trustees served during the year:
T. Griffiths G. Watkins
Directors of Corporate Trustees
Gemma Watkins Tracey Griffiths
Accountants
Tax Relax Ltd 37 Oakland Street Bedlinog CF45 6TE
Bankers
HSBC UK 127-128 High Street Merthyr Tydfil CF47 8DN
OBJECTIVES AND ACTIVITIES
The purpose of the charity is to provide a happy family atmosphere in which children learn through the medium of Welsh
The main activities undertaken in relation to those purposes are to plan daily fun and engaging activities following the foundation phase seven areas of learning to ensure every child is given the opportunity to explore and investigate through a wide range of activities whilst learning through play. Promote such other charitable purposes as may from time to time be determined, the trustees are aware of the benefits to the community based on the guidance from the Charity Commission. - Allowing children to learn through the medium of Welsh.
-
Providing the residents access to local learning thereby allowing them to gain confidence, new knowledge and skills.
-
Providing residents with job opportunities that build their confidence and self esteem.
ACHIEVEMENTS AND PERFORMANCE
Page 2
CYLCH MEITHRIN TREHARRIS
Trustees Annual Report
The Cylch Meithrin provides an important part in the community. It provides good quality, affordable, childcare through the medium of Welsh. It is also a feeder for the Welsh Medium school and majority of the children who leave us progress to Welsh education. We offer both private and flying start places and are fully inclusive. We offer the 30 hour childcare as well as full day care or sessional.
FINANCIAL REVIEW
During 2021-22 financial year our income generating capacity has seen a positive increase this year, we have seen more grants from the MTCBC and increase in children using the day-care. We always strive to further increase our footfall and subsequent income so will continue to market the centre, we believe our planned projects for the year ahead will set us on the right path to achieve this. The Policy for holding reserves is to insure we have a fall back for the day to day running costs of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The nature of the governing document is constitution. The trustees are appointed during out annual AGM and the charity is committee run and voluntary.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Treasurer is responsible for the Association's finances and works closely with the Centre Manager to maintain proper accounting records and provide accurate and timely financial reports for the Board.
Signed on behalf of the charity's trustees
T. Griffiths Trustee
31 March 2021
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Charity registration number:
1055231
Cylch Meithrin Treharris
Annual Report and Financial Statements
for the Year Ended 31 March 2022
Tax Relax Ltd 37 Oakland Street Bedlinog CF46 6TE
Cylch Meithrin Treharris
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2-3 |
| Accountants Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 10-17 |
Fir Tree Community Association
Reference and Administration Details
Charity Name Cylch Meithrin Treharris Charity registration number 1055231 Principal office 17 Brynteg Treharris CF46 5RF Registered offices 17 Brynteg Treharris CF46 5RF Trustees G. Watkins T. Griffiths Secretary G. Watkins Accountant B Hutton Tax Relax Ltd 37 Oakland Street Bedlinog CF 46 6TE
1
CYLCH MEITHRIN TREHARRIS
Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1055231 Principal Office
17 Brynteg Treharris CF46 5RF
Trustees
The following Trustees served during the year:
T. Griffiths G. Watkins
Directors of Corporate Trustees
Gemma Watkins Tracey Griffiths
Accountants
Tax Relax Ltd 37 Oakland Street Bedlinog CF45 6TE
Bankers
HSBC UK 127-128 High Street Merthyr Tydfil CF47 8DN
OBJECTIVES AND ACTIVITIES
The purpose of the charity is to provide a happy family atmosphere in which children learn through the medium of Welsh
The main activities undertaken in relation to those purposes are to plan daily fun and engaging activities following the foundation phase seven areas of learning to ensure every child is given the opportunity to explore and investigate through a wide range of activities whilst learning through play. Promote such other charitable purposes as may from time to time be determined, the trustees are aware of the benefits to the community based on the guidance from the Charity Commission. - Allowing children to learn through the medium of Welsh.
-
Providing the residents access to local learning thereby allowing them to gain confidence, new knowledge and skills.
-
Providing residents with job opportunities that build their confidence and self esteem.
ACHIEVEMENTS AND PERFORMANCE
Page 2
CYLCH MEITHRIN TREHARRIS
Trustees Annual Report
The Cylch Meithrin provides an important part in the community. It provides good quality, affordable, childcare through the medium of Welsh. It is also a feeder for the Welsh Medium school and majority of the children who leave us progress to Welsh education. We offer both private and flying start places and are fully inclusive. We offer the 30 hour childcare as well as full day care or sessional.
FINANCIAL REVIEW
During 2021-22 financial year our income generating capacity has seen a positive increase this year, we have seen more grants from the MTCBC and increase in children using the day-care. We always strive to further increase our footfall and subsequent income so will continue to market the centre, we believe our planned projects for the year ahead will set us on the right path to achieve this. The Policy for holding reserves is to insure we have a fall back for the day to day running costs of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The nature of the governing document is constitution. The trustees are appointed during out annual AGM and the charity is committee run and voluntary.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Treasurer is responsible for the Association's finances and works closely with the Centre Manager to maintain proper accounting records and provide accurate and timely financial reports for the Board.
Signed on behalf of the charity's trustees
T. Griffiths Trustee
31 March 2021
Page 3
Cylch Meithrin Treharris
Statement of Financial Activities (including Income and Expenditure) for the Year Ended 31 March 2022
| Notes 3 4 5 6 Expenditure Expenditure on: 7 7 Reconciliation of funds: Total funds carried forward Total Charitable activities Total funds brought forward Charitable activities Total Other trading activies Net movement in funds Other Other Donations and legacies Recommended categories by activity Income Income and endowments from: |
Unrestricted funds Total funds Prior year funds £ £ £ 100 100 2 12,448 12,448 18,692 33,662 33,662 20,796 7,233 7,233 8,940 53,444 53,444 48,430 - - - 47,141 47,141 28,309 47,141 47,141 28,309 6,303 6,303 20,121 18,346 18,346 1,775 - 24,649 24,649 18,346 |
|---|---|
All incoming resources expended derive from continuing activities.
5
Cylch Meithrin Treharris
Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 13 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year 14 Total net assets Funds of the Charity Restricted income funds Unrestricted funds Total funds |
Unrestricted funds Total this year Total last year £ £ £ - - - 0 0 24,649 24,649 18,346 24,649 24,649 18,346 0 0 0 24,649 24,649 18,346 24,649 24,649 18,346 0 0 0 24,649 24,649 18,346 0 0 0 24,649 24,649 18,346 24,649 24,649 18,346 |
|---|---|
Approved by the Board and signed on its behalf by :
T. Griffiths Trustee
6
1
Cylch Meithrin Treharris
Notes to the Financial Statements for the Year Ended 31 March 2022
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Fund accounting policy
Unrestricted funds - These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds - These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds - These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds - These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of income - Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related expenditure - Where income has related expenditure the income and related expenditure is reported gross in the SoFA.
Donations and legacies - Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts - Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates
Donated services and facilities - These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help - The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable
Gains/(losses) on revaluation of fixed assets - This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
Gains/(losses) on investment assets This includes any gain or loss on the sale of investments.
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Cylch Meithrin Treharris
Notes to the Financial Statements for the Year Ended 31 March 2022
Expenditure
Recognition of expenditure - Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on raising funds - These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.
Expenditure on charitable activities - These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable - All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs - These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs
Other expenditure - These are support costs not allocated to a particular activity
Taxation
The charity is exempt from tax on its charitable activities.
Pension Costs
Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
8
Cylch Meithrin Treharris
Notes to the Financial Statements for the Year Ended 31 March 2022
| 2 Income from charitable activities Charitable activities Other trading activies Other Expenditure On: Raising Funds Other Net Income Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward 3 Income from donations and legacies Donated goods, facilities and services received Fees Fundraising Childcare Offer Uniform Early Start Educ8 PHW Grant MTCBC Grant Covid Grant Photos Fros y Fran Training Autism Grant Wellbeing Grant Prior Year |
Unrestricted Funds Total Funds 2021 2021 £ £ 18,692 18,692 20,796 20,796 8,940 8,940 48,428 48,428 - - 28,309 28,309 28,309 28,309 20,119 20,119 20,119 20,119 20,119 20,119 1,775 - 1,775 - 18,344 18,344 Unrestricted Funds Unrestricted Funds 2022 2021 £ £ 100 2 100 2 Total Funds Total Funds 2022 2021 £ £ 33,245 1,286 1,119 1,004 427 6,982 2,750 78 4,000 20,796 1,700 8,940 118 300 450 195 810 53,344 30,855 |
|---|---|
9
Cylch Meithrin Treharris
Notes to the Financial Statements for the Year Ended 31 March 2022
4 Incoming resources from charitable activities
| Charity Fundraising 5 Income from other trading activities Government Grants MTCBC Fees 6 Other income Government Covid19 Grants 7 Expeniture on raising funds Fundraising trading costs Government Grants 8 Other Expenditure Employee Costs Resource Costs Motor and Travel Premises Costs General Administration Costs Legal and Professional Costs Accountancy Costs Bank Charges |
Unrestricted Total Total 2022 2021 £ £ £ 12,448 12,448 18,692 Unrestricted Total Total 2022 2021 £ £ £ 1,083 1,083 1,478 4,000 4,000 19,318 34,212 34,212 - 39,295 39,295 20,796 Unrestricted Total Total 2022 2021 £ £ £ 1,700 1,700 8,940 1,700 1,700 8,940 Unrestricted Total Total 2022 2021 - - - - - - Unrestricted Total Funds Total Funds 2022 2021 36,975 36,975 21,624 4,815 4,815 - - - - 3,352 3,352 3,021 1,001 1,001 3,608 - - 56 956 956 - 42 42 - 47,141 47,141 28,309 |
|---|---|
10
Cylch Meithrin Treharris
Notes to the Financial Statements for the Year ended 31 March 2022
9 Trustee remunaration and expenses
| The nature of the reimbursed expenses 10 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. |
2022 Number No payments to trustees 35,106 1,119 750 36,975 |
2021 Number 21,090 375 159 21,624 |
|---|---|---|
11 Movement in funds
| Restricted Funds: Unrestricted Funds: General Funds: Revaluation Reserves: Total Funds |
At 1 April 2021 Incoming resources (including other gains/losses ) Resouces expended At 1 March 2022 18,346 53,444 47,141 - 24,649 18,346 53,444 47,141 - 24,649 |
|---|---|
12 Analysis of net assets between funds
| Net current assets Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 April 2021 £ 18,346 18,346 |
Unrestricted funds Total £ £ 24,649 24,649 Cash flows At 31 March 2022 £ £ 6,303 24,649 6,303 24,649 |
|---|---|---|
13 Reconciliation of net debt
11
Cylch Meithrin Treharris
Notes to the Financial Statements for the year Ended 31 March 2022
14 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Land and | Land and | ||||
| buildings | Other | buildings | Other | ||
| £ | £ | £ | £ | ||
| Operating leases with expiry date: | |||||
| Pension commitments | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| The pension cost charge to the charity | |||||
| amounted to: | 750 | 159 |
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Cylch Meithrin Treharris
Detailed Statement of Financial Activies
| Income and endowments from: Donations and legacies Charitable Activities Charity Fundraising Other trading activities Government Grants MTCBC Grant Other Government Covid19 Grants Fees Total income and endowments Expenditure On: Costs of other trading activities Government Grants Total of Expenditure on raising funds Employment costs Salaries/ wages Employer's NIC Pension costs Vehicle - General Costs Premises costs Rent Premises insurances Premises repairs and maintenance General administration costs including depreciation and amortisation Equipment expensed Subscriptions Sundry |
Unrestricte d funds Total Funds Total fund 2022 2022 2021 100 100 2 100 100 2 12,448 12,448 18,692 12,448 12,448 18,692 1,533 1,533 1,478 4,000 4,000 19,318 5,533 5,533 20,796 1,700 1,700 8,940 33,662 33,662 - 35,362 35,362 8,940 53,444 53,444 48,430 - - - - - - 35,106 35,106 21,090 1,119 1,119 375 750 750 159 36,975 36,975 21,624 0 0 0 3,352 3,352 2,926 - - - - - 95 3,352 3,352 3,021 4,815 4,815 3,365 40 40 243 1,003 1,003 5,858 5,858 3,608 |
|---|---|
13
Cylch Meithrin Treharris
Detailed Statement of Financial Activies
| Legal and professional Accountancy and bookkeeping Total of expenditures of other costs Total expenditure Net Income before other gains/ losses Net Movements in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds Total Funds Total fund 2022 2022 2021 956 956 56 956 956 56 47,141 47,141 28,309 47,141 47,141 28,309 6,303 6,303 20,121 6,303 6,303 20,121 18,346 18,346 1,775 - 24,649 24,649 18,346 |
|---|---|
14
17
CYLCH MEITHRIN TREHARRIS Independent Examiners Report Independent Examlner's Report to the trustees of CYLCH MEITHRIN TREHARRIS I report to the trustees on my examination of the accounts of CYLCH MEITHRIN TREHARRIS for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144121 (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner'5 Statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect.. the accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Grant Hutton CPA Tax Relax Ltd 37 Oakland Street Bedlinog CF46 6TE 31 March 2022 Page 4