The Charity Registration Number IS :. 1064461 CLYCH MEITHRIN FFYNNONWEN Report and Accounts 31st March 2024
Clych Melthrin Ffynnonwen Trustees, Annual Report for the year ended 31 March 2024 The Trustees present their Report and Accounts for the year ended March 2024. Reference and administratlve detalls The charity name. The legal name of the charity is:_ Clych Meithrin Ffynnonwen The charity is also known by its operating name, Clych Meithrln Ffynnonwen. The Charl5 areas operatlon and UK ¢harltable reglstratlon. The Charity is registered in England & Wales with the Chartty Commisslon In England & W816s (CCEW) with charity number 1064461. The charity does not operate in any overseas jurisdictions. Legal structure of th• charlty The charity is ¢onstitut8d as an unincorporated charity, established by a written constitution. Th8 goveming document of the charlty IS the written constitution approv6d by the members and endors8d by the Charity Commission in England & Wales {CCEW) . There are no r8strictions in the goveming documènts on th8 operation of the Charity or on its investment powers other than those imposed by Charity Law. The trustses are all individuals.
Clych Meithrin Ffynnonwen Trustees, Annual Report for the year ended 31 March 2024 The reglstered address: Yr Hen Ysgol Login Whitland, SA34 OTA The Tru8tee8 In offlce on the date the report was approved warn:. Rathel Kelly Caffis Davies man Rose Williams Mari Brame Objects and actlvltles of the charlty Events and charltable actlvitles for the publlc benellt The objectiv6 of the Charitable unincorporated Organisation is to provide education for pre-school children. Publlc Beneflt The Trustees consider that th8 activlty und8rtak8n through the provision of education Satisfies the critsria frjr Public BenefiL Rlsk Management Thè TnJsl86s have g duty to identify and review the risks to whlch the charity Is expos8d and to ensure 8pproprlal8 controls are in place to provide reasonable assurance against fraud and error. Flnanclal revlew Flnanclal revlew & Golng Concem The charity, in attèmpt to keep pri9 consistent has mean that bank reserves have ben used. A prlc8 incr88s8 has b88n scheduled for April 2024 to cover increasing additional costs.
Clych Meithrin Ffynnonwen Trustees. Annual Report for the year ended 31 March 2024 statement of the Directors Trustees. Responsiblliti8S The Trust88s are responsible for prepadng the truste88' report and the financial statements in accordance with the United Kingdom Accounting Standards (Unlted Kingdom Gen8rally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires th8 trustees to prepare financial ststem8nts for each financial year which givé a true and f8ir view of thé ststs of affairs of thè charity and of th6 incoming resources and application of resources of the charity for that period. In preparing thes8 financial statéments, thg trustses are required lo: select suitsble accountlng pollcies and apply them consistsnliy. observe the mèthods and principles In the Charities SORP; - mak6 Judgements and aslimates that are resonabl8 and pruden( prepare the f5nancial statements on the going concern basis unless it 18 inappropriat8 to presume that the chalty wll continue in business. The trustees are responsiblé for keeping proper accounting records that disclose with resonable accuracy at any time th8 financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022, the applicable Charftl8s ( A¢Unts and Reports) Regulations, and the provisions of the constitution. Tha trustees are slo responsible for safeguarding the assets of the charity and hence for taking resonable steps for the prevention and d8tsction of fraud and other irregularities. Details of Tha Independent Examlner Jamie James-Goddard ACA M8mber of Institute of Chartered Accountants in England & Wales Williams Lester & James-Goddard County Chambers, Warrén Street Tenby Pèmbroke5hir8 SA70 7JS This report was approved by the trustees 19th Septembér 2024. Carris Davies Chair
Clych Meithrln Ffynnonwen Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024. This report is made to the Charitys Board of Trijstees. as a body, in accordan with the terms of our assignment. Our wor1( has been undertaken so that wa might compile the 8ccounts that we have been engaged lo complie. r8POrt to the Charity's Board of Trustee$ that we have done $0, and to State those matters that we have agreed to stsle to them in this report and for no other purpose. To the fullest extent permitted by law, we do not apt or assume responsibility to anyone other than the Charity and the ChariV$ Board of Tru$te8s, as a body, for our work, or for this report Respectlvè responslbllltlgs of thg Trustsgs and thè Ind•pond8nt Examlner and tho basls of thè report A3 th8 charfty's Iru$tee$ of Cylch Mellhrfn Ffynnonwen you are responsible for the preparation of th8 accounts In accordance with the requiremonts of tho ChariUe$ Act 20221'the Acf) I report In respect of my examination of the Cylch Melthrfn Ffynnonwan accounts carried out under section 145 of the 2011 Act and In carylng out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the A¢L Independent Examinerfs Ststsmenl Report and Oplnlon I have completed my examlnation. I conflmi that no matsrlal matters h8ve come to my attention In conn8¢Uon wlth the examinauon glving me caus& lo believe that in any material respect- accounting r8cords were not kept In respect of the charity as r8qulred by wlth Sectlon 130 of The Charities Act 2022; the accounts do not comply wlth the appll¢able requlrements concemlng the foTh and contsnl of accounts set out in the Charftles (Accounts and Raportsl Regulations 2008 other than any requirement that th8 accounts give a 'trua and fail view, which Is not a matter consldered as part of an independènt examination. I have no con¢&ms and have come acr08s no other matters In connection with the examlnatlon to whlch attention should be drawn in this report in order to enable a proper understanding of Iheaccounts to be reached Slgnod:. Jamle Jame>Goddard ACA- Ind&pendent Ex8mSner Chartered Accountants Williams Lester & James-Goddard County Chambers. Warren Street Tenby Pembrokeshire SA70 7JS This report was signed 12th September 2024
Clych Meithrin Ffynnonwen statement of Financial Activities for the year ended 31 March 2024 Nots Currnnt year Unrastrlctgd Funds Currnnt year Restrlctèd Funds Curr•nty8ar Total Funds prtoryear Total Funds 2024 2024 2024 2023 Income & Endowments from: Donations & Legacles Charitabl8 a¢tivlties Other trading a¢tlvltle$ 4,443 88,316 21.842 91.069 88.316 Totsl Incomo 92,759 92,759 112,911 Expondlture on: Direct spendlng Charitable aclivitses Governanc• costs 94,466 20,534 834 94,466 20,534 834 81.482 27.563 958 Totsl axpendlturn 13 116,834 115,834 110.001 Not 5ncomè for tha year 123.0751 123,0751 2,910 Net In¢om8 after transfors (23,075) {23,076) 2,910 Net movoment In funds (23,075) (23,075> 2,910 ReGon¢lllatlon of funds:. Total funds brought forward 39,610 39,610 36,700 Totsl funds carrlod for•Rrd 16.535 16,535 39,610
Clych Meithrfn Ffynnonwen Movements in revenue and capital funds for the year ended 31 March 2024 Revbnue accumulated funds Unre¥trfet•d Funds 2024 Restrl¢t•d Fund$ 2024 Total Funds Last year Totsl Funds 2024 2024 Accumulated funds brought fotward 39.610 39,610 36,700 Re¢ognised galns and losses before transtsrs 123,0751 123,075) 2,910 16,535 16.535 39.610 Closlng rov•nuo funds 16,535 16.535 39.610 Summary of funds Unrestrlctsd and D1gnat¥d funds 2024 Ro$trl¢t•d Funds Totsl Funds L&8tYoar Total Fund8 2024 2024 2023 ReveAu8 a¢cumulaled funds 16,535 16.536 39,610 Total funds 16,535 16,535 39,610
Clych Meithrin Ffynnonwen Balance sheet as at 31 March 2024 Notes 2024 2023 Flxad assets T8ngibl8 assets 5,545 7,353 Total flxed a88ets 5,545 7,353 Current a88ets Debtors Cash at bank and in hand 6,732 7,347 7,327 36,912 Total current a888ts 14,079 44,239 Crodltor8: amounts falllng due wlthln ono year 13,089) 111,982) Ngt curront as88ts 10,990 32,257 Tha total nat 898èts of tho charlty 16,535 39,610 The Trustees acknowledge their rèsponsibilities for complylng w¢th the requirements of charity legislation with respect to accounting records and thé préparation of aG¢ounts. The financial statements were approved by the Board of Tnjstses and authoris6d for Issue on 19th September 2024 and wer8 signed on its béhalf by.. (;¥rt• Carris Davies Chairman
Clych Melthrln Ffynnonwen Notes to the Accounts for the year ended 31 March 2024 1 Accountlng pollcles Pollclos rolang to thepmdudlon of th• accounts. Ba815 of pr•pAratlon 2nd accoUnn9 Conven¢ The 4ccounts have been prepared under th8 hlstorical cost ¢onvBntion and in aecordante th the Accounting and Reporting by Charftie8' Ststsmentof Recommended Practice: applioNa to ch8rities preparing thalr attounts in awordanee wth the Finonoal Reporbng Standard appluble In tho UK In¢om• I Income, InUdIng donatlons, gov8mment and oth¢r grants. Is recognised in tho Statement of Finanal Activltles onco tho ch8rlty h88 ttntit5gm6nt te the fund$, It 1$ probabl8 that the Incorne %ill bg re¢Tved and the amount¢an be measured reliably. E¥pondltur• A liabllity, and tho rdatsd •xpendlturo, Is recognl¥ed wh•n ologd or oJrvdtDAv• oNloaOn •xl8ts as • r•suK ot a past •vont, and %4èn tt rnore likdy Ihan not that4 tran$ferof economlc nerrtS be r¢qulr8d In 88tdomon( #nd whan the amountoltho obllgatlon ¢an b• m¢a8ured or rd'ably vstim8t•d. Tanglblo Ilxqd a•••ts D¢pracl8lon ha8 boon provTdad ot tha rates In ordor to wrft• off th• a$8tts to thalr 8nPated rn&ldu81 value overth•lr éstlmated U8•ful I1. Frn6 & Flwngs Computer oqulpm8nt 20 % slr•lght1Sn• 33 % Stralght Iln• Fund Aecountlng Unrestrtctod fund$ ar¢ ovallable for use atthe dIsCraon of th8 trustee8 In furth8ranca of the 9enaral oblectlve$ ol the charlty. RostAct8d fund$ can only be used lor particular raslrkted Pu088 wthln th¢ objects of the ch4rfty. Re8trfdcns arlsa when specifi•d by th donor orwhén funds ara rolmd for parUoJLqr mM¢t•d wrw•g8. Thgro ar• ne •ndowmentfundo. T•xollon Tho eharfty 18 8Mmptfrom on b Charft8 2 Numb•r• olfvll Wme •mployM• orfull tlmo •qul¥•l•nts 2024 2023 Tha Bv•rag• numborcf totsl ¥tafl 8mpby•d In the ye8rw 10 3 Dellnod ¢ontrlbutlon pgnslon schemoi Any li•blllt08 and a96•ts a8$oclatsd wlth tho hOm? ar• Sh under dobt¢rs and credltorn. 4 Tanglble flx8d as8trts Freohold property Lono 1•o••hold Prop•rty Curnt Yaar Compul•r Flxturw & gqulpm•nt Flttlng• Totsl Cost At l Aprfl 2023 Addltions 1.135 6.e51 7,786 At 31 March 2024 1,136 6.661 7,786 Deproclatl¢)n At 1 April 2023 Charga lor th• year 105.00 227 328 1,581 433 1,808 At 31 March 2024 1,909 2,241 Nat book value At 31 March 2024 4.742 At 31 March 2023 1,030 8.323 7.363
Clych Melthrfn Ffynnonwen Notes to tho A¢¢ounts tor the year ended 31 March 2024 6 Dobtors 2024 2023 Trade debtors 6,732 6,n2 7,327 7,327 6 Credltors: amounts falllng du• wlthln one year 2024 2023 Trade cr8dltors Aral8 PAYÉ, NIC VAT and oth•r tw$ Other credltor8 1,552 956 3,809 2,574 1,588 1491 3.089 11,982 7 Loans to IrU*t9 In¢ludod In dobtorn Th¢ro warn no loans In tho reporung p¢dod ortha pracodlng parlod
Clych Melthrin Ffynnonwen Detsiled analysis of income and expenditure forthe year ended 31 March 2024 as required by the Charaties SORP (FRS 102) Thls analysls Is classslfled by conventional nominal descriptlons and not by acdvlty. 8 Donallons, Grants and Legacles Currentyg•r Curr•nt year UrtrIcted R•strlctsd Funds Funds Currènt y•ar Total Funds Prlor Yèar Totsl Fund8 2024 2024 2024 2023 Donatlon$ and gifts from Indlvlduals Small donations indivldually18ss than £1000 938 938 1,856 Grants Uanboidy Communty Coundl 1,000 Camarthenshire County Coundl 324 324 18,699 Maudlad Meilhrfn 2,181 2,181 100 Watsh Government 1,188 Othèr Total donatlon8 and glfts from Indlvldual$ 3A42 21,843 4A43 Donatlons and glfts from Indlvlduals {Include HMRC refunds on glft alded donatlon81- Prlor Yoar analys18 prtor Y•ar unrtrIct•d Funds Prlor Ygar Restrlcted Fund• Prfor Y•ar Total Funds 2023 2023 2023 Prlor year 21.643 21,843 9 Total Income from Gharltable actlvltles Curr•ntygar Unrestrfctsd Funds Currgnty•ar Res¢rlcted Funds 2024 Current year Total Funds Prfor Year Current year Total Fund 2024 2024 2023 Total income from Qharitable trading 88,316 88,316 91.069 Total from charltable actlvltles 88.316 88,316 91,069
Clych Meithrin Ffynnonwan Detalled analysis of Income and expendlture for the year ended 31 March 2024 as requlred by the Charaties SORP IFRS 102) 10 Expenditure on charitsble a¢tlvities - Dlract spandlng Currènt yèar Unre8trlet811 Funds CUrn1 year Restrfet8d Fund¥ Current year Prfor Yaar Total Funds Total Funds Current Yoar 2024 2024 2024 2023 Gross wag8s and salarf8s - charitable activlties Employers, Nl - Charitable activitse8 Defined contrtbutlon penslon costs charitable actNlties Travel and Subslstence - Charitable Activitles Markeling and advertislng of charitable Services 91,001 91,001 79,564 69 69 1,331 1,331 1,051 2,051 2.061 750 14 14 117 Total dlrect 8p8ndlng 94,466 94,466 81,482 11 Support costs for ¢harltable actlvltle8 Currènt yèar Unre8trlctgd Fund¥ Curr8ntyear RtrICd Fundg Currnnt year Prfor Yaar Total Funds Totsl Funds Current Year 2024 2024 2024 2023 Premlsos Expensè$ Llght heat and power Cleanlng and waste management Premises repalrs, renewals and maintenance 3,216 340 3,216 340 7,798 806 2,621 2,821 6,925 Adminlstratlve overheads Telèphone and inlernet Printing & Station8ry IT Soare and Consumables Licences Subscrlptlons Misc Nursery food for children Trip 6xpenses Equipment & materials staff Training Staff Welfare 417 2,253 297 185 35 219 4,014 1,441 797 2,886 23 417 2.253 297 185 35 219 4,014 1.441 797 2,866 23 240 2,245 293 214 95 156 2,756 860 1.911 2,382 439 Financlal costs Bank charges Depreciation & Amortisalion in total for 10 432 1,808 1.808 Support costs before reallocation 20,634 20.534 27,562 Total support costs - Current Year 20,534 20,534 27,562
Clych Meithrin Ffynnonwen Detalled analysis of income and expendtture for the year ended 31 March 2024 as r•qulred by the Charaties SORP {FRS 102) 12 Other Expendlture - Governance costs Currgntyear Unrestrlcted Funds Current year Restrfcted Funds Currgrtt ygor Total Funds PrlorY•ar T¢)tal Funds Curront Year 2024 2024 2024 2023 Indép6ndent Examlnèffs fees 834 Total Governance costs 834 834 956 13 Total Charltable expendlture Cuttant yèar unTtrIc Funds Curr•nt y•ar Restrlctsd Fund• Curr•nt y•or Pdor Y•ar Total Funds Totsl Fund• Currant Year 2024 2024 2024 2023 Total direct spending Total support cost5 Total Gov8rnanc8 Costs 94,466 20,534 834 94.466 20.634 834 81,482 27.562 956 Total charltable expendlture 115,834 115.834 110,000 14 Related party transactlons There W8Te no related party transactlons to report within the year.