2023-03-31-accounts - Cylch Meithrin Bancffosfelen

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Trustees’ Annual Report for the period

From April 2022 To March 2023

Charity name: Cylch Meithrin Bancffosfelen

Charity registration number: 1056399

Objectives and Activities

Objectives and Activities

Summary of the purposes of the charity as set out in its governing document	The object of the charity is to run a Cylch Meithrin for preschool children aged between two and four years old during normalschool term times.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	The main purpose of the Charity is to provide high quality child play, learning and education of preschool children to the residents of Bancfosfelen and the surrounding villages and to support the children and parents in the child's development through the medium of the Welsh language to make a smooth progression into school life. Cylch Meithrin Banffosfelen provides early years education and Welsh language immersion for young children. As a charitable organisation, the cylch engages in a range of community-focused activities including:  - Organising community fundraising events  - Providing Welsh-medium play and learning op- portunities  - Collaborating with local organisations to support families  - Delivering educational sessions that promote cul- ture and language The Charity is making a conscious efort to create a reserves fund in order to be able to provide the staf needed and to meet other needs needed to continue with the provision provide.
Statement confirming whether the trustees have had regard to the	The trustees have regard to the Charity Commission’s guidance on public benefit.

guidance issued by the Charity Commission on public benefit

Achievements and Performance

Summary of the main achievements The past year has been of the charity, identifying the extremely challenging. Credit difference the charity’s work has made to the circumstances of its goes to the staff for maintaining

beneficiaries and any wider benefits the Cylch, supporting the children to society as a whole. and parents, and following strict hygiene rules and other requirements. Thanks to everyone. Child numbers remain stable, although a small increase would be helpful. A continuing issue is that some children attend Cylch Bancffosfelen but then move on to the neighbouring primary school in Pontyberem. We have been promoting a range of skills such as numeracy, oracy, - listening, mark making, writing, questioning, communication, ICT, - sharing and problem solving. We have fundraised via • Clothes recycling – Bags2School • Sports Day  Christmas Fair • Sponsored Walk We were fortunate to receive a grant from Mudiad Meithrin and the Sustainability Fund. Finances remain tight, with almost all income spent on staffing.

Financial Review

Financial Review
	Review of the charity’s fnancial positon at the end of the period :-
Statement explaining the policy for holding reserves stating why they are held	No reserves currently held. Working margins don’t allow any reserves to be built up. Ongoing work to protect some money as reserves is a priority.
Amount of reserves held	zero
Reasons for holding zero reserves	No reserves currently available. Working margins don’t allow any reserves to be built up. Ongoing work to protect some money as reserves is a priority.
Details of fund materially in deficit	None identified
Explanation of any uncertainties about the charity continuing as a going concern	None noted. However, the margin between income and grants which are used to pay ongoing costs and staff salary are tight. Option exists to apply for emergency grants from Mudiad Meithrin and Welsh Government if required.

Structure, Governance and Management

Type of governing document (trust deed, royal charter)	Trust
How is the charity constituted? (e.g unincorporated association, CIO)	Unincorporated Association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Elected to post at annual AGM

Reference and Administrative details

Charity name	Cylch Meithrin Bancffosfelen
Other name the charity uses	n/a
Registered charitynumber	1056399
Charity’s principal address	Ysgol Cynradd Bancffosfelen Bancffosfelen Llanelli SA15 5DR

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Davinia Davies	-	Whole Year	Elected at AGM
Martin Davies	-	Whole Year	Elected at AGM
Sian Williams	-	Whole Year	Elected at AGM

6 7 8 9 10

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a	n/a

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	n/a
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	n/a
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	n/a

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

The Committee and all members of staff are wholly backed up by all parents whose children attend the Cylch

Over the coming year it is expected that we will continue to provide the morning sessions,

afternoon session or whole day session to provide the education and childcare required We will continue to advertise, campaign in the form of leaflets, Facebook, posters to promote the setting.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) M L Davies D Davies Full name(s) Martin Davies Davinia Davies Position (eg Secretary, Treasurer Chair Chair, etc) Date April 2023

Cylch Meithrin Bancffosfelen

1056399 CC16a

Receipts and payments accounts

For the period From 01/04/22 To 31/03/23

Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments
A1 Receipts Grant MYM Gran au eraill F/oedd Plant Yr 3 Funding Rhoddion Arall *Total receipts* A3 Payments Cy:ogau Other sta= cost Rhent a Gwres F/oedd Cofrestru O=er, nwyddau Bwyd a Diod Arall *Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*	Total funds Last year Unrestricted funds Restricted funds Endowment funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
				0
	5172			5172	13074
	8980			8980	13898
	11477			11477	10001
	100			100	650
	4747			4747	99
				0
				0
				0
				0
	30475	0	0	30475	37722

	26721			26721	28910
	180			180	180
				0
	125			125
	11096			11096	10762
				0
				0	517
				0
				0
				0
				0
				0
				0
				0
				0
				0
				0
	38122	0	0	38122	40369

	(7647)	0	0	(7647)	(2647)
	0	0	0	0	0
	14962		0	14962	17609
	7315	0	0	7315	14962

Section B Statement of assets and liabilities at the end of the period

Details to nearest £ to nearest £ to nearest £ Unrestricted funds Restricted funds Endowment funds	Details to nearest £ to nearest £ to nearest £ Unrestricted funds Restricted funds Endowment funds	Details to nearest £ to nearest £ to nearest £ Unrestricted funds Restricted funds Endowment funds	Details to nearest £ to nearest £ to nearest £ Unrestricted funds Restricted funds Endowment funds
Current	7315		0
Savings			0
Cash			0
*Total cash funds*	7315	0	0
OK OK OK Details to nearest £ to nearest £ to nearest £ Unrestricted funds Restricted funds Endowment funds




Details Fund to which asset belongs Cost (optional) Current value (optional)



Details Fund to which asset belongs Cost (optional) Current value (optional)
Play equipment	Unrestricted funds

Details Fund to which liability relates Amount due (optional) When due (optional)

Signed by one or two trustees on behalf of all the trustees	Print Name	Date of approval
	Martin Davies	28/03/2026

Funds Movement Schedule

	Opening	Additions in	Payments in	Cross	Closing
	Balance	year	year	Transfer	Balance
	to the nearest	to the nearest	to the nearest	to the nearest	to the nearest
Restricted Funds	£	£	£	£	£
					0
					0
Unrestricted Funds	14962	30475	38122	0	7315
Total Funds	14962	30475	38122		7315

Notes to the accounts

Related party transactions

There were no transactions between the charity and its trustees or other connected persons.

Trustee expenses

No remuneration was paid to the trustees, nor were any expenses reimbursed to them during the year to 31/3/23 (2022: NIL).

Big ticket items purchased in year

Big ticket items purchased in	year
Wood U Believe	2088
Findel edu	1687
Supplying direct	684
Findel edu	1274
Seated furniture	1106
Wood U Believe	1788

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Cylch Meithrin Bancffosfelen members of

On accounts for the period	1/4/22 to 31/3/23	Charity no (if any)	1056399

Responsibilities and I report to the trustees on my examination of the accounts of the above basis of report charity for the period 1/4/22 to 31/3/23

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. The accounts have been prepared on a Receipts and Payments basis in accordance with section 133 of the act.

Independent examiner's statement

I confirm that I have the requisite skills and experience to conduct the Independent Examination for this charity to the standards required as set out in Appendix 5 of CC32. Although retired from practice as an accountant and as a member of a listed professional accountancy body, I continue to conduct a number of examinations on a voluntary basis every year. I also confirm that I am independent of the charity as set out in Direction 2 of CC32.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: Signed: 29/3/26 Name: Andy Moore Address: Blaenpentre, Swyddffynnon, Ystrad Meurig, SY25 6AW