Cylch Meithrin Maenclochog Financial Report 2023/2024
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 day to day running of the setting is 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. This is still currently being funded by a grant received. The Cylch is managed by a committee of volunteers, three of whom are trustees.
Financial Year
The finances ended the year 2022/2023 in deficit however there has been an improvement from last year. The deficit has been put down to less grants available, more fundraising needed and the decline in numbers of children attending. We still need to maintain the reserves to support the Cylch during harder times.
The number of children has recently declined however, there are a number of children waiting to start this term. 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 23/24 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 continue to check and review the finances each term and will keep on trying to maintain a healthy reserve.
2023/2024 Figures
Incomings:
Fees: £13580.50 Funding: £8249.50 Grants: £4830.00 Fundraising: £113.00 Misc: £228.70 TOTAL: £27001.70
Outgoings:
Wages: £27391.53 Rent: £2060.00 Materials & Resources: £8150.99 Misc: £473.52
TOTAL: -£11074.34 (this amount includes transfer from savings)
ATODIAD 15
FFURFLEN INCWM A GWARIANT / INCOME AND EXPENDITURE SHEET
| ~~sD~~ | UNION / EXACT ~~sD~~ |
UNION / EXACT ~~sD~~ |
AMCANGYFRIF / ESTIMATE ~~sD~~ |
|---|---|---|---|
| INCWM /INCOME | BLWYDDYN /YEAR 01.04.2022-31.03.2023 |
BLWYDDYN /YEAR 01.04.2023-31.03.2024 |
BLWYDDYN /YEAR 01.04.2024-31.03.2025 |
| Grant Mudiad Meithrin_Grant_ ~~es~~ |
£2926.81 ~~es~~ |
~~es~~ | ~~es~~ |
| Grant Arian Plant 3 oed /3yr old Education Funding Grant |
£16352.50 | £8249.50 | £12000 |
| Grant Cynaladwyedd / Sustainability Grant |
|||
| Grant Dechrau’n Deg /Flying Start Grant | |||
| Grantiau Eraill /Other Grants ~~a~~ |
£4245.00 | £4830.00 | £4500 |
| Incwm Hyfforddi ac Incwm Cynllun Cyfeirio /Training In- come & Referral Scheme Income |
~~es~~ | ||
| Ffioedd Plant /Children’s Fees ~~es~~ |
£11815.00 ~~es~~ ~~es~~ |
£13580.50 ~~es~~ |
£14000 ~~es~~ |
| Codi Arian /Fundraising ~~re~~ |
£1798.15 ~~es~~ ~~re~~ ~~ee~~ |
£113.00 ~~re~~ |
£1500 ~~re~~ |
| Rhoddion ag Eraill/ Donations & Sundries |
£0 ~~ee~~ |
£228.70 | £200 |
| Cyfanswm Incwm / Income Total A |
£37137.46 | £27001.70 | £32200 |
| Gwariant /Expenditure | BLWYDDYN /YEAR 01.04.2022-31.03.2023 |
BLWYDDYN /YEAR 01.04.2023-31.03.2024 |
BLWYDDYN /YEAR 01.04.2024-31.03.2025 |
| Cyflogau a Costau TWE/ Salaries and PAYE costs |
£27466.76 | £27391.53 | £27000 |
| Costau Rhent, Gwres ayyb / Rent & Heating Costs etc |
£3580 | £2060 | £3500 |
| Ffioedd Cofrestru /Registration Fees | £155 | £125 | £150 |
| Offer, Nwyddau ag Adnoddau / Equipment Materials & Resources |
£3992.72 | £8150.99 | £3000 |
| Costau Bwyd a Diod /Food & Drink Costs | £262.72 | £216.75 | £250 |
| Codi Arian/Marchnata /Fund- raising/Marketing |
£426 | £37.77 | £50 |
| Eraill (e.e. hyfforddiant) /Other (e.g. training) | £348 | £94 | £200 |
| Cyfanswm Gwariant / Expenditure Total B |
£36231.20 (£36231.20 + £2000.00 = £38231.20 including transfer to savings) |
£38076.04 | £34150 |
| Gweddill (diffyg) am y flwyddyn = A - B Surplus (deficit) for the year C |
£-1093.74 | £-11074.34 (includes transfer from savings) |
-£1950 |
| 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 |
Bank £22729.01 | £21702.62 | |
| Arian ar ddiwedd y flwyddyn = C + CH_Cash_ at Year End D |
Bank £21635.27 + £67.35 (petty cash) = £21702.62 |
Bank £10628.28 |
Llyfr Mawr Piws 2024
mudiad meithrin ATODIAD 15 Llyfr Mawr Piws 2024
(HARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees LQ £1IH(LI On accounts for the year ended ai 02. 101 Charity no (If any) Sot out on pages I report to the trustees on my examinth'on of the accounts of the above chanty (Ihe Trust.) for the year ended Respons5bllltl8s 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 2011 (Yhe Act.). I report in respect of my examination of the Trust'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 145{5)(b) of the Act. Independent Ffhe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed bodyll. Delete [ ] if not applicable. I have completed my examination. I confirm Ihal no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounling records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming 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 fairf 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 lo be reached. ' Please delete the words in the brnckets if they do not apply. Slgned: Dats: . a()2S Name: KATI Relevant profossional quallfication(s) or body IER Oct 2018
(if any): Address: NANT (LOSÉ QUSH Per Ov LP(NJ SH £Le SA Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of chanty actounts: directions and guidance for examiners). Glve here brlef detalls of any items that the examiner wlshes to disclose. IER Oct 2018