Charity registration number: 1064461 CYLCH MEITHRIN FFYNNONWEN TRUSTEES' REPORT AND JNAUDITED FINANCIAL STATEMENT. FOR THE YEAR ENDED 31 MARCH 202! James-Goddard Accountancy
CYLCH MEITHRIN FFYNNONWEN Contents Trustees' Report Independent Examiner's Report Statement of Financial Activities Comparative Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements Page 1-2 3 4 5 6 7-11
CYLCH MEITHRIN FFYNNONWEN Trustees' Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectives and Activities Aims and Objectives Public Benefit The objective of the charity is to provide education to pre-school children. regard to is Chari Can may or goraled on i the beguirements of section 17 of the Charities Act 2011 to have due Financial Review Financial Position he charity, in attempt to keep prices consistent has meant that bank reserves have been used. A price increased has bee cheduled for April 2025 to cover increasing costs Reference and Administrative Details Trustees Ms Rachel Kelly Ms Carris Davies Ms Megan Williams Ms Mari Brame Mr>Claire Krelle Charity Number 1064461 Independent Examiner Jamie James-Goddard ACA James-Goddard Accountancy ICAEW County chambers Warren street Tenby Pembrokeshire SA7O 7JS Page 1
CYLCH MEITHRIN FFYNNONWEN Trustees' Report (continued) For The Year Ended 31 March 2025 The trustees' report was approved by the board of trustees and signed on its behalf by: (BOs Mr Claire Krelle Trustee 30/01/2026 Page 2
CYLCH MEITHRIN FFYNNONWEN Independent Examiner's Report to the Trustees of CYLCH MEITHRIN FFYNNONWEN For The Year Ended 31 March 2025 31 March the trustees on my examination of the accounts of CYLCH MEITHRIN FFYNINONWEN (the Trust) for the year ended Responsibilities and Basis of Report • the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with t quirements of the Charities Act 2011 ("the Act Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with th xamination giving me cause to believe that in any material respect Jamie James-Goddard ACA 30/01/2026 County chamber: Varren street Tenby Pembrokeshire SA7O 7JS Page 3
CYLCH MEITHRIN FFYNNONWEN Statement of Financial Activities For The Year Ended 31 March 2025 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities: Grant income Charitable activities Other trading activities Other EXPENDITURE ON: Raising funds Charitable activities: Direct spending Support costs Governance costs NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD Notes 3 7 7 16 Unrestricted Restricted funds funds € € 2025 Total funds € 2024 Total funds 1,510 60,084 306 154 62,054 - (81,123) (11,066) (92,189) (30,135) (30,135) 16,487 (13,648) - 16,565 : 16,565 1,510 16,565 60,084 306 154 78,619 938 17,718 71,269 2,672 161 92,758 (1) (16,564) (1) (90,999) (97,687) (6,271) (11,066) (17,728) (834) (16,565) (108,754) (115,832) (30,135) (23,074) - (30,135) 16,487 (13,648) (23,074) 39,561 16,487 The notes on pages 7 to 11 form part of these financial statements. Page 4
CYLCH MEITHRIN FFYNNONWEN Comparative Statement of Financial Activities For The Year Ended 31 March 2025 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities: Grant income Charitable activities Other trading activities Other EXPENDITURE ON: Raising funds Charitable activities: Direct spending Support costs Governance costs NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD Notes 3 4 5 7 16 Unrestricted Restricted funds funds € 938 - 71,269 2,672 161 75,040 (90,999) 11,447 (17,728) (834) (98,114) (23,074) (23,074) 39,561 16,487 - 17,718 : 17,718 - (17,718) 2024 Total funds 938 17,718 71,269 2,672 161 92,758 (90,999) (6,271) (17,728) (834) (17,718) (115,832) - (23,074) - (23,074) - 39,561 16,487 The notes on pages 7 to 11 form part of these financial statements. Page 5
CYLCH MEITHRIN FFYNNONWEN Statement of Financial Position As At 31 March 2025 FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors Cash at bank and in hand Notes 12 13 Creditors: Amounts Falling Due Within One Year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET (LIABILITIES) / ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS On behalf of the board 14 Unrestricted Restricted funds funds € € 4,133 4,133 4,666 4,666 (22,447) (17,781) (13,648) (13,648) - : - - 16 2025 Total funds € 4,133 4,133 4,666 4,666 (22,447) (17,781) 2024 Total funds € 5,545 5,545 6,781 7,297 14,078 (3,136) 10,942 (13,648) 16,487 (13,648) 16,487 (13,648) (13,648) 16,487 16,487 Mr Claire Krelle Trustee 30/01/2026 The notes on pages 7 to 11 form part of these financial statements. Page 6
CYLCH MEITHRIN FFYNNONWEN Notes to the Financial Statements For The Year Ended 31 March 2025 1. General Information CYLCH MEITHRIN FFYNNONWEN is an unincorporated charity registered with the Charity Commission, registered charit number 1064461. The principal address is 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.3. Incoming Resources All income, including donations, government and other grants, is recognised in the statement of financial activities once the charity has entitlement to funds, it is probable that the income will be received and the amount can be measured reliably. 2.4. Resources Expended liability and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a pa rent and when it is more than likely than not, that a transfer of economic benefits will be required on settlement a when the amount of the net obligation can be measured or reliably estimated. 2.5. Tangible Fixed Assets and Depreciation over their expected useful lives on the following bases: Fixtures & Fittings Computer Equipment 25% reducing balance method 33% straight line method 2.6. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition anc are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts 3. Income from Donations and Legacies Donations and gifts 2025 Unrestricted funds € 1,510 2024 Unrestricted funds € 938 Page 7
CYLCH MEITHRIN FFYNNONWEN Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 4. Income from Other Trading Activities 2025 2024 Unrestricted Unrestricted funds € € 306 2,672 Fundraising events 5. Other Income 2025 2024 Unrestricted Unrestricted funds funds € € 154 161 Other income type A 6. Net Income/ (Expenditure) The net expenditure is stated after charging/(crediting): 2025 € 1,413 Depreciation of tangible fixed assets - owned 7. Analysis of Expenditure Raising funds Direct spending Support costs Raising funds Direct spending Support costs Governance costs Activities Support intertake (seenote 8) € € - 94,752 552 95,304 Activities undertaken directly € 91,001 4,564 95,565 1 2,935 10,514 13,450 Support costs (see note 8) € (2) 6,271 13,164 834 20,267 2024 1,808 2025 Total € 1 97,687 11,066 108,754 2024 Total € 90,999 6,271 17,728 834 115,832 Page 8
CYLCH MEITHRIN FFYNNONWEN Votes to the Financial Statements (continued -or The Year Ended 31 March 202: 8. Support Costs Raising funds € Employee costs Premises expenses General administration Depreciation Governance costs Raising funds € 1 • ' 1 Direct spending € 6,271 Direct spending € 1,781 1,154 2,935 Support costs € 118 6,177 5,059 1,808 2 13,164 Support costs € - 8,136 1,413 875 10,514 Governance costs : (1) 835 834 2025 Total € 1,781 1,244 8,137 1,413 875 13,450 2024 Total € 6,389 6,177 5,056 1,808 2 835 20,267 2024 835 Employee costs Premises expenses General administration Depreciation Interest payable Governance costs 12) : (2) 6,271 9. Independent Examiner's Remuneration Independent examination of the financial statements 10. Staff Costs Staff costs were as follows: Wages and salaries Social security costs Other pension costs 2025 € 875 2025 92,064 1,286 93,350 2024 € 91,001 69 1,331 92,401 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 11. Average Number of Employees Average number of employees during the year was: 10 (2024: 10) Page 9
CYLCH MEITHRIN FFYNNONWEN Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 12. Tangible Assets Cost As at 1 April 2024 As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period As at 31 March 2025 Net Book Value As at 31 March 2025 As at 1 April 2024 13. Debtors Fixtures & Fittings € 6,651 6,651 1,909 1,185 3,094 3,557 4,742 Computer Equipment € 1,135 1,135 332 227 559 576 803 2025 Due within one year Trade debtors Other debtors 2,877 1,789 4,666 14. Creditors: Amounts Falling Due Within One Year Trade creditors Bank loans and overdrafts Taxation and social security 2025 € 1,498 14,466 6,483 22,447 Total € 7,786 7,786 2,241 1,412 3,653 4,133 5,545 2024 € 6,732 49 6,781 2024 € 1,552 - 1,584 3,136 15. Pension Commitments That in an perate ely ad monstered runension scheme. The assets of the scheme are held separately from those of the 2024. 61,331) the charge to the statement of financial activities in respect of defined contribution schemes was £1, 286 At the statement of financial position date contributions of ENIL were due to the fund and are included in creditors. Page 10
CYLCH MEITHRIN FFYNNONWEN Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 16. Movement in Funds Unrestricted funds General: General unrestricted fund Restricted funds Carmarthenshire County Council Early Years Mudiad Meithrin Total restricted funds Total funds As at 1 April 2024 16,487 : 16,487 As at 1 April 2023 € 39,561 Unrestricted funds General: General unrestricted fund Restricted funds Carmarthenshire County Council Early Years Mudiad Meithrin Llanboidy Community School Total restricted funds Total funds 17. Transactions with Trustees 39,561 Income € 62,054 4,116 12,349 100 16,565 78,619 Income € 75,040 324 14,213 2,181 1,000 17,718 92,758 As at 31 Expenditure March 202! € € (92,189) (4,116) (12,349) (100) (13,648) : (16,565) (108,754) (13,648) As at 31 Expenditure March 2024 € € (98,114) (324) (14,213) (2,181) (1,000) 16,487 (17,718) (115,832) 16,487 During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: 2025 € 2024 € 18. Related Party Disclosures Page 11