Cylch Meithrin Maenclochog Financial Report 2022/2023
Introduction
Cylch Meithrin Maenclochog was established in 1972 and is based in the village of Maenclochog, in the Community Village Hall. The Cylch is a voluntary organisation specialising in Welsh-medium early years care and education. Welsh is the main language used in the setting however, all children are welcome whether or not they speak Welsh.
The aim of the Cylch is to give children the opportunity to attend a safe, secure and fun early years setting, incorporating the Foundation Phase Curriculum in Wales. The staff understand the importance of learning through play, encouraging each child’s physical, emotional, linguistic and social development whilst most importantly ensuring the happiness off the children.
Staff and Committee
The Cylch is run by two permanent members of staff who have undertaken DBS checks and attend frequent training. A bank of staff has been created to step in and support the permanent staff on occasions they are absent. The Cylch is managed by a committee of volunteers, three of which are trustees.
Financial Year
The finances ended the year 2022/2023 on a surplus. This was not as good as last years but with the impact of covid, less grants available and more fundraising needed. We still need to maintain the reserves in order to support the Cylch during harder times.
The number of children attending remains healthy with a steady waiting list. Unfortunately, the children receiving funding does not fully cover the cost of a session, meaning the need for fundraising remains our priority to cover the day to day costs of running the Cylch.
During 22/23 we received a number of grants which are to be used for staff training and resources to improve the learning experience for the children. We have also received a Winter wellbeing grant to help pay for days out or trip for the children, which we are looking to book for later this year.
We continue to check and review the finances each term and will keep on trying to maintain a healthy reserve.
2022/2023 Figures
Incomings:
Fees: £11815.00 Funding: £16352.50 Grants: £7171.81 Fundraising: £1798.15 Misc: £0 TOTAL: £37137.46 Outgoings: Wages: £27466.76 Rent: £3580.00 Materials & Resources: £3992.72 Misc: £1191.72 TOTAL: £36231.20
Surplus = £906.26 - (This is including the Grant money received.)
Appendix 1 – Mudiad Meithrin income and expenditure form
Appendix 2 – Charity Commission for England and Wales independent examiner’s report
ATODIAD 15
FFURFLEN INCWM A GWARIANT / INCOME AND EXPENDITURE SHEET
| UNION / EXACT | UNION / EXACT | AMCANGYFRIF / ESTIMATE | |
|---|---|---|---|
| INCWM /INCOME | BLWYDDYN /YEAR 01.04.2021-31.03.2022 |
BLWYDDYN /YEAR 01.04.2022-31.03.2023 |
BLWYDDYN /YEAR 01.04.203-31.03.2024 |
| Grant Mudiad Meithrin_Grant_ | £2926.81 | £2500 | |
| Grant Arian Plant 3 oed /3yr old Education Funding Grant |
£23969.28 | £16352.50 | £15000 |
| Grant Cynaladwyedd / Sustainability Grant |
|||
| Grant Dechrau’n Deg /Flying Start Grant | |||
| Grantiau Eraill /Other Grants | £6969.44 | £4245.00 | £4000 |
| Incwm Hyfforddi ac Incwm Cynllun Cyfeirio /Training In- come & Referral Scheme Income |
|||
| Ffioedd Plant /Children’s Fees | £7994.50 | £11815.00 | £10000 |
| Codi Arian /Fundraising | £2181.80 | £1798.15 | £1000 |
| Rhoddion ag Eraill/ Donations & Sundries |
£332.00 | £0 | |
| Cyfanswm Incwm / Income Total A |
£41447.02 | £37137.46 | £32500 |
| Gwariant /Expenditure | BLWYDDYN /YEAR 01.04.2021-31.03.2022 |
BLWYDDYN /YEAR 01.04.2022-31.03.2023 |
BLWYDDYN /YEAR 01.04.2023-31.03.2024 |
| Cyflogau a Costau TWE/ Salaries and PAYE costs |
£22394.96 | £27466.76 | £27000 |
| Costau Rhent, Gwres ayyb / Rent & Heating Costs etc |
£3020.00 | £3580 | £3000 |
| Ffioedd Cofrestru /Registration Fees | £55.00 | £155 | £150 |
| Offer, Nwyddau ag Adnoddau / Equipment Materials & Resources |
£4303.06 | £3992.72 | £4000 |
| Costau Bwyd a Diod /Food & Drink Costs | £342.16 | £262.72 | £300 |
| Codi Arian/Marchnata /Fund- raising/Marketing |
£1122.00 | £426 | £500 |
| Eraill (e.e. hyfforddiant) /Other (e.g. training) | £765.10 | £348 | £500 |
| Cyfanswm Gwariant / Expenditure Total B |
£32002.28 | £36231.20 | £35450 |
| Gweddill (diffyg) am y flwyddyn = A - B Surplus (deficit) for the year C |
£9444.74 | £906.26 | - £2950 |
| Arian a’r ddechrau’r flwyddyn (dylid cynnwys cyfanswm pob Cyfrif banc) /Cash at year start (this should include the totals of all bank accounts CH |
£12333.95 | £21778.69 | £22684.95 |
| Arian ar ddiwedd y flwyddyn = C + CH_Cash_ at Year End D |
21778.69 | £22684.95 | £19734.95 |
Llyfr Mawr Piws 2024
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Iiidependent Examiner s Report R•portto the tTUStees CYLCH (WIEI TrllIFS MAEtsJLLOLHOCr Charfty no lff an On accounts for th• year 31. 03 ao23 Sot out on pagos chaffiy ftt Tr) for the year Re¥n$1b1lltl0S and baskn of rowt )urts In )Id with the wUIren of the Charities A(# 2011 I r8rnrt in rnspec of my exaYNnation of the Trusvs acojunts carried out under sec#1( 145 (rfthe 2011 Act and in lIng out my examination, I all the apFAicNe Diredions given by the Charity Commission under 8ecaioi 1445Xb) dthe AL Independent L¥os8 exce&knJ £250.000 arKI l am qualified to examinerfs statement Unko the examin811( ty tirvJ 8 qU8llfied member of [Insert name of apFAi(xtla li&J totyll. Delete [ ] rfnot applica. I have comF4eted nry axarinafion. l (xxffinn that matsrial mattars have Con to my attent in (ne)c vAth the examination (other than that di8caowl belo") which gpth m8 c•Jse to beliele that in, any mateiial oftrle Chaiilies Art" or the aL¥xuts did rKrt cunply with the appltsble requirements conMIng the fomi arKI ntent of xc4)unts set out in the Charities (ACCnts and Rewrts) Regulab'ons 20( other than any requirement that the actsxrFts give a Irue and f8irf view which is a matter considefed as wt crf an indep&)dert examination. ith the eX8natIC to which attenti shcxthl be dr in th18 reFKIrt in ' F¥ease thte the in Ihe brn(ets rftsy (lo n¢ awy. $1gned: IEIOS aoas ONJ R•levant professlon•l quall)Icatlon(s) or IK#ty IER Oct 2018
(rf any): Address: NAN&T OS£Qu Dow Section B Disclosure Only cOMete rf the examiner needs to highlight matenal matters of conrn (see CC32. Independent eyAmination of thanty a0unts. directions and guidance for examiners). Give here brief dètsils of any items that the examlner wlshes to dls¢loso. IER Oct 2018