## **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
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.
**7**
## **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|
12
## **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