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2024-03-31-accounts

Cylch Meithrin Aberystwyth Y Ganolfan Integredig Boulevard St. Brieuc Aberystwyth SY23 1PD 01970 639670 cylchmeithrinaberystwyth@gmail.com Reg. charity no. 1063714

- Adroddiad Blynyddol Cylch Meithrin Aberystwyth Annual Report 2023 24

This financial year began on a particularly challenging note with Carys remaining absent during her recovery from her recent accident. The staff and Ceirios in particular are to be commended for their hard work and commitment through the summer term, and for their unwavering support of Carys when she returned in September.

Fees were increased from September 2023 to meet rising costs, and we trialled a new billing system with parents paying a stable monthly fee. This was aimed at providing a consistent budgeting amount for parents, and to increase the financial stability of the Cylch. However, it became clear that the system was not effective and we reverted to half-termly billing in advance from the Spring term.

The Cylch continues to successfully provide the 30hr Childcare offer, for eligible families with children aged 3 & 4. Parents are encouraged by staff to ask for information before the child reaches their 3rd birthday, in order for applications to be processed in a timely manner. There has been an increase in families accessing the Childcare offer funding. We are also a Flying Start provider.

Shortly after the new financial year, we changed banking providers to an organisation specialising in charity accounts, which is more suitable. The transition was successful, and means that we are able to have a bank card for miscellaneous purchases, removing the need for petty cash. PJE Accountants have been contracted to provide payroll services and have been extremely helpful.

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The Trustees would like to express their appreciation for the ongoing commitment of the Committee, in particular Fflur Edwards whose fund-raising organisational skills are second to none! The ever popular Disgo Calan Gaeaf returned in October and was thoroughly enjoyed by all who attended. The Committee have organised several other successful fundraising events, which have helped to supplement our funds, in addition to maintaining the public profile of the Cylch. A regular newsletter is now shared with families.

We were very fortunate to secure a generous grant in January which enabled us to purchase new tables and chairs, and other furniture.

It is anticipated that fees will increase again from September 2024. We hope that families will understand the need for the increases, and will continue to support the Cylch. The Committee and Trustees will continue to organise and support fundraising activities, and apply for grant funding where available.

Once again, we would like to say that we are immensely proud of our wonderful staff team and wish to express our gratitude for their ongoing hard work and commitment to the Cylch. In particular, we wish to thank Carys for her excellent and committed leadership, and Ceirios for her support as Deputy and stepping up as acting Leader in the summer term. Sasha, Eiriol, Nia & Janeen are also deserving of our gratitude for their ongoing commitment, flexibility in working additional hours and covering absences, and for their support of Carys & Ceirios.

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Cylch Meithrin Aberystwyth Cylch Meithrin Aberystwyth 1063714
Receipts andpayments accounts CC16a
For the period
from
~~ee~~		 01/04/2023
~~ee~~		 To 31/03/2024

Section A Receipts and payments

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Fees 64,335 - - 64,335 22,759
Grants 11,645 - - 11,645 33,856
Fundraising 556 - - 556 204
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for (Gross income for
AR) AR)76,536 - - 76,536 56,819
A2 Asset and investment sales,
(see table).
-
-
-
-
-
-
-
-
-
~~Sub total~~-
-
-
-
-
Total receipts
76,536
-
-
76,536
56,819
~~SS555~~
A3 Payments
Staff costs 76,462 - - 76,462 61,147
Operatingcosts 10,919 - - 10,919 7,916
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** 87,381 - - 87,381 69,063
A4 Asset and investment
purchases, (see table)
-
-
-
-
-
-
-
-
Sub total -
-
-
-
-
Total payments
87,381
-
-
87,381
69,063
~~———————~~
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end		 - 10,845
-
- - 10,845
- 12,244
-
- -
-
-
11,341
- -
11,341
23,585
496
-
- 496
11,341
~~===>=>=~~

CCXX R1 accounts (SS)

30/01/2025

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

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Details
CAF Bank
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
496
-
-
-
-
-
496
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval

CCXX R2 accounts (SS)

30/01/2025

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of Cylch Meithrin Aberystwyth

On accounts for the year 31/03/2024 Charity no 1063714 ended (if any) Set out on pages 1 - 2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024 .

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.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed: Date: 30/01/2025 ~~eT [| Owen Hedges (Jan 30, 2025 10:38 GMT)~~ {{sig1_es_:signer1:signature:dimension(width=80mm, height=15mm)}} Name: Owen Hedges, ACCA, MAAT ~~Cs~~ Relevant professional ACCA qualification(s) or body AAT (if any):

Address: PJE Accountants and Advisors

23 College Street Lampeter

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

There are no material matters of concern to disclose.

October 2018

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IER