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