## 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 apFAic*Ne 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 t*irvJ 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