Plant Tiddlywinks Canolfan Gofal Plant Childcare Centre Tiddlywinks
Childcare Centre Annual Report 2024 – 2025 Adroddiad Blynyddol
— Ds Ba . a a a y Bank on us to take good care of your child banciwch arnom ni i roi’r gofal gorau i’ch plentyn
HYPERLINK "http://www.tiddlywinkscyf.org" www.tiddlywinkscyf.org
HYPERLINK "mailto:coordinator@tiddlywinkscyf.org" coordinator@tiddlywinkscyf.org Tel/ Rhif Ffôn: 01639 842022
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig,
38 Commercial Street, Ystalyfera, Swansea, SA9 2HR
A Company Limited by Guarantee ● Cwmni Cyfyngedig dan Warant
Registered in Wales ● Company No. 3060768 Rhif y Cwmni ● Cofrestrwyd yng Nghymru Registered Charity No. 1092648 Rhif Elusen
CIW Registration No. WO60000734 Rhif Cofrestriad AGGCC
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| Contents | |
|---|---|
| Foreword | 4 |
| Trustees | 6 |
| Staff and Volunteers | 7 |
| Key Developments and Achievements | 7 |
| Childcare Services | 9 |
| Community Services | 13 |
| Open Access Play | 13 |
| CIW Inspections | 14 |
| Funders and Sponsors | 14 |
| Parental Comments | 15 |
| Other Developments | 16 |
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Foreword
It’s a real joy to share this year’s Annual Report for Tiddlywinks. As Chair of Trustees, I’m constantly reminded of the warmth, care, and dedication that make our setting such a special place for children and families alike. This past year has been full of meaningful moments, steady growth, and continued commitment to giving every child the best possible start.
We were proud to offer 16 Flying Start places, supporting 28 children with free childcare up to five days a week. One child received additional one-to-one support through this vital Welsh Government initiative, and we continued to deliver the 30-hour Childcare Offer across Powys and Neath Port Talbot, helping 22 children access flexible, nurturing care.
Our Design to Smile programme remains a firm favourite with the children, who now look forward to brushing their teeth together each morning. We also maintained our Healthy and Sustainable Pre School Scheme—an achievement that reflects our deep commitment to wellbeing and quality.
Behind the scenes, our staff have been working hard to grow and develop. Two team members are working toward their Level 3 qualifications, and one is progressing toward Level 5. Training in safeguarding, health and safety, and child protection ensures our team remains confident and capable. We also welcomed one student placement this year, continuing our tradition of supporting future childcare professionals.
Our weekly Cylch Ti a Fi sessions at Ystalyfera Community Hall remain a lovely way to connect with families in the community. Staff and management meetings—whether in person or online—keep our team united and focused. Flying Start multi-agency meetings have helped us strengthen partnerships and support children more holistically.
Despite the need to adjust fees in line with national wage increases, our childcare take-up rates stayed steady. Morning and afternoon nursery sessions remain popular, and the 30hour Childcare Offer has helped keep afternoon numbers strong. Breakfast and after-school clubs saw some fluctuation, but we know that our flexible rota system and school-based alternatives play a role. Holiday Play Care was especially lively over the summer months.
We’re proud to have sustained 21 jobs this year and received 40 enquiries from families— proof that Tiddlywinks continues to be a trusted and valued part of the community. We also provided 487.5 hours of one-to-one support to two children through Flying Start, and several children received support through DWP and local social services.
We’re deeply grateful to our funders and supporters, including NPTCBC, Powys CBC, Flying Start, DWP, and Mudiad Meithrin. Thanks to their generosity, we secured £31,200 in grants, which helped us invest in staff training, sustainability, and improvements to our facilities.
We’ve continued to embrace technology to stay connected with families. The Famly app and our social media channels have been a huge success, helping parents stay informed and engaged. We also made great use of the Book Loan scheme from NPT Library Service, and
were delighted to welcome Katie back from maternity leave. I would also like to take this opportunity to thank Sarah for her tireless work and dedication in Katie’s absence.
Finally, I want to share my heartfelt thanks to our incredible staff, our supportive families, and our generous funders. The kind words from parents—full of appreciation and warmth— are a beautiful reminder of the difference we make together.
On behalf of the Trustees, thank you to everyone who contributes to the success of Tiddlywinks. Together, we continue to build a nurturing, inclusive, and vibrant environment for our children to thrive.
Diolch yn fawr iawn!
Tristian Lewis
Chair of Trustees Tiddlywinks
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Trustees Chairperson Tristian Lewis Trustee Treasurer Eleri Lewis Trustee Secretary Tracey Hales Trustee Rachel Ford
| Staff and Volunteers | ||||
|---|---|---|---|---|
| Business Manager | Katie Davies / Sarah Williams |
F/T | Katie returned from maternity leaveinJanuary2025 |
|
| Coordinator | Rachel Williams/Lucie Powell |
F/T | Rachel finished in June 2024 | |
| Room Manager | RhianJones | P/T(28hrs) | ||
| Room Manager | JessicaEvans-Gilhaney | F/T | ||
| Room Manager | LuciePowell | P/T(28hrs) | ||
| ChildcareWorker | AngharadWilliams | F/T | ||
| Childcare Worker | Lydia Bevan | P/T | ||
| Sophie Jenkins | P/T | |||
| Childcare Worker/ Additional Needs Officer |
Katie Thomas | F/T | ||
| ChildcareWorker | KellyLloyd | F/T | ||
| ChildcareWorker | Cerian Lewis | Relief | ||
| ChildcareWorker | Jasmine Jones | Relief | ||
| Childcare Worker / Additional Support Worker |
Samantha Thomas | Relief | ||
| Cleaner | RachelJenkins | P/T | ||
| Cook | Megan Williams | P/T | Megan Finished in October 2024 |
|
| ChildcareWorker | NatalieWatkins | Relief | ||
| Childcare Worker | Cerys Humphries | Relief | Cerys finished in September 2024 |
|
| Childcare Worker | Ffion Powell | Relief | ||
| ChildcareWorker | HelenGill | Relief | ||
| ChildcareWorker | AngelaPhillips | Relief | ||
| KeyDevelopments and Achievements | ||||
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(Please note figures in brackets refer to 2023-2024 data)
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Tiddlywinks offered 16 (16) Flying Start places throughout the year. In total, 28 (21) children received 2.5hrs of free childcare up to 5 days per week over a 12 month period under this Welsh Government initiative. 1 (2) of the child received additional support on a one to one basis through Flying Start
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Tiddlywinks offered childcare for the 30 hour Childcare Offer in Powys and NPT over the year, totalling 22 (20)
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Our Design to Smile oral hygiene programme is still up and running. The children are really enjoying the routine of brushing their teeth every morning before snack
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Tiddlywinks maintained its Healthy and Sustainable Pre School Scheme, a Welsh Government nationally recognised quality award
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2 members of staff continue to work toward their Level 3 qualifications, 1 member of staff is working towards their Level 5 qualification.
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Various training courses were completed throughout the year to update current skills
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Staff attended various training sessions such as, Child Protection, Food Hygiene, Safeguarding, Health & Safety
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1 (3) student placement is being supported by the setting
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We are pleased to continue our Cylch Ti a Fi sessions at Ystalyfera Community Hall once a week
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Staff meetings are held face to face in Tiddlywinks. Management meetings are continued to be held online.
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2 (3) staff meetings were held throughout the year
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6 (6) management meetings were held throughout the year
Flying Start ‘catch up’ multi-agency meetings were held via teams during the year
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Childcare Services
Over the year, take up rates remained relatively stable despite having to increase fees in line with national minimum wage increases.
- Morning nursery includes a playgroup session and a Flying Start session, both of which run for 2.5hrs and are incorporated into the morning’s activities. Tiddlywinks’ Flying Start spaces remained the same this year.
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Afternoon nursery shows stable figures over the year, this is due to the 30 hours Childcare Offer children attending pm sessions.
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Breakfast club again fluctuating over the year. Many schools offer breakfast club options, which may continue to be impacting our numbers.
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After school Club take up have decreased from the previous financial year. It is worth noting that we offer this service on a ‘rota’ basis, giving parents the choice to use us ad-hoc, which can affect averages at this level. After school clubs in schools have also had an impact on our numbers.
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Afterschool Club 14 202212023 20231202d 202412025 10
● Holiday Play Care attendance fluctuated over the Summer months.
| Average Take up Rates per childcare Area 2018 - 2024 | Average Take up Rates per childcare Area 2018 - 2024 | Average Take up Rates per childcare Area 2018 - 2024 | Average Take up Rates per childcare Area 2018 - 2024 | Average Take up Rates per childcare Area 2018 - 2024 | Average Take up Rates per childcare Area 2018 - 2024 |
|---|---|---|---|---|---|
| Childcare Area | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
| Morning Nursery | 23.0 | 37.5 | 38.8 | 34.6 | 33.6 |
| Afternoon Nursery | 12.2 | 22.1 | 20.8 | 18.7 | 18.7 |
| Breakfast Club | 2.5 | 10.5 | 6.5 | 5.3 | 5.8 |
| After School Club | 5.7 | 10.5 | 7.6 | 9.2 | 8.1 |
| Holiday Play Care | 1.2 | 3.4 | 4.2 | 7.1 | 3.9 |
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Several children received support to attend Tiddlywinks via DWP, and Powys, NPT and Swansea Social Services
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A further 487.5 (487.5) hrs of 1:1 support was provided to 2 (2) children through Flying Start
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21 (20) jobs being sustained directly
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40 (37) enquiries were recorded throughout the year
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Community Services
- We have continued to utilise resources from the Book Library.
Care Inspectorate for Wales (CIW) Inspections
● Tiddlywinks had its first CIW inspection since 2018 in February 2023, the full report is available to read on the CIW website.
Funders, Sponsors and Supporters
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Tiddlywinks would like to extend a big thank you to all who have supported various activities, events and provided financial support throughout the year including:
oNPTCBC -
Powys CBC
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Flying Start
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DWP
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Mudiad Meithrin
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A total of £31200.00 was secured in grants throughout the year. These grants were utilised as follows:
| GrantFund | Amount | Usedfor: |
|---|---|---|
| Transition funding Sustainability |
£7000 £2000 |
Cover cost of staff attending transition training and meeting August wages |
| Capital Grant Expansion |
£20000.00 £2200 |
Painting the outside of the building, new kitchen flooring, new furniture in the over 2s room. Utility Costs |
- The above amount excludes funding from Flying Start to provide Flying Start places which totalled £44713.65 £48,213.65) for the year, plus an additional £4225.00 (5937.50) to provide 1:1 support for 1 (2) child under the Flying Start programme.
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Parental Comments
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“Everyone is always pleasant and helpful, nothing is too much to ask”
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“R loves attending and has come on so much, you’re all amazing with him”
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“Absolutely brilliant in every way possible, Thank you!”
“E gets really excited coming to Tiddlywinks, and even more when she sees a member of staff coming for her at the door”
“The staff at Tiddlywinks are absolutely fantastic with E, Thank you all for what you do.”
“I always get sent pictures of my child trying different activities”
“I think the girls are honestly amazing”
“Brilliant”
“Brilliant team, A Loves coming to Tiddlywinks, He’s always talking about the staff and how much he enjoys coming to you”
“Everyone is very helpful, friendly and approachable, the staff always have time to chat about what’s happened during the day”
Other Developments
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Tiddlywinks continued to utilise the Book Loan scheme facilitated by NPT Library Service.
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We would like to welcome Katie back after maternity leave.
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We made use of social media to keep parents informed about Tiddlywinks events. We also continued to use the app called ‘FAMLY’ which has been a huge success with all parents. Parents appreciate being able to chat in real time via both Facebook and Famly.
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Policies and procedures, checklists and leaflets reviewed and updated during the year.
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Tiddlywinks continues to encourage all staff regardless of whether they meet the criteria to sign up to the existing pension scheme.
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We continued to participate in the tax free childcare. Approximately 25 ( 26 children) utilise the scheme.
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22 children used the 30 hours Childcare Offer scheme from April 2024- March 2025 with Tiddlywinks providing school drop-offs and collections for many of those children
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This year, we held the Christmas Party for the children with a visit from Santa at Ystalyfera Rugby Club again
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REGISTERED COMPANY NUMBER: 03060768 (England and Wales) REGISTERED CHARITY NUMBER: 1092648
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of education of children in particular through the provision of day care, playgroup sessions and out of school clubs in both Welsh and English mediums. The advancement of child and play care educational training opportunities through both Welsh and English mediums within the county borough of Neath Port Talbot and surrounding areas.
The Charity is restricted to operating with its Memorandum and Articles of Association dated 9 July 1996 as amended by special resolution dated 9 April 2002.
In setting our objectives and planning our objectives our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education.
ACHIEVEMENT AND PERFORMANCE
Investment performance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig has been operating since 1996, obtaining charitable status on 27 June 2002. Throughout this time Tiddlywinks has continued to develop and adapt its service of the provision of day care, play group sessions and out of school clubs in response to local demand. Over the year the number of service users was up on the previous year as the effect of ongoing austerity measures, the growth of subsidised places within the maintained sector and unintended consequences of national initiatives continue to create a competitive market within the sector. Tiddlywinks' priority remains to ensure that the safety and the quality of the provision is paramount and that the service continues to reflect and embrace the needs of the community it serves.
FINANCIAL REVIEW
Financial Review
During 2024/2025 the Charity was funded variously from statutory sources, charitable trusts and income generated by the Charity in the provision of childcare.
The charity’s balance sheet shows a satisfactory position with unrestricted reserves of £275,054 of which £236,996 is held in designated funds, leaving a general fund of £38,058. Incoming resources for the period were £378,815 of which £20,406 were restricted (2024: £390,434 of which £63,071 was restricted). The resources expended during the period totalled £399,230 (2024: £342,902). This has resulted in net outgoing resources of £20,415 (2024: £47,532 incoming).
The financial position for the period 2024/2025 is such that the project will be able to continue carrying out its charitable objectives for the financial year 2025/2026 as set down in these financial statements.
Reserves policy
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig aims to continue building up reserves in future years to enable it to continue and expand the services they currently provide and develop new projects in the future.
The trustees will review the policy during the current year.
FUTURE PLANS
The charity continues to monitor the level of take up and adapt its facilities accordingly to accommodate current and future demand and patterns. The charity continues to support and raise awareness of existing services available to families and will signpost individuals on to the various services offered by associated partner organisations as appropriate. A range of appropriate new and diverse services will continually be encouraged and supported in accordance with identified need.
The charity remains committed to meet its regulatory and legal requirements that are associated with the delivery of its service and to achieve and maintain all appropriate quality kite marks.
Page 1
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure and governance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig is managed by the board of Trustees. New Trustees are appointed by the Board of Trustees at the Annual General Meeting by way of a majority vote and from time to time at quorate Management Committee Meetings. The Board meets as a rule every other month.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03060768 (England and Wales)
Registered Charity number 1092648
Registered office 38 Commercial Street Ystalyfera Swansea West Glamorgan SA9 2HR
Trustees T Hales D T Lewis Mrs M E Lewis Miss R Ford Company Secretary D T Lewis Independent Examiner Michael Jones FCCA Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Bankers Lloyds Bank PLC 113 High Street Gorseinon Swansea SA4 4BR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs M E Lewis - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
Independent examiner's report to the trustees of Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Jones FCCA
Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: .............................................
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 261 Charitable activities 4 Provision of Childcare Services 354,428 Investment income 3 3,720 Other income - Total 358,409 EXPENDITURE ON Charitable activities Provision of Childcare Services 349,453 NET INCOME/(EXPENDITURE) 8,956 Transfers between funds 12 (63) Net movement in funds 8,893 RECONCILIATION OF FUNDS Total funds brought forward 266,161 TOTAL FUNDS CARRIED FORWARD 275,054 |
Restricted funds £ - 20,406 - - 20,406 49,777 (29,371) 63 (29,308) 29,308 - |
2025 Total funds £ 261 374,834 3,720 - 378,815 399,230 (20,415) - (20,415) 295,469 275,054 |
2024 Total funds £ 149 386,557 2,830 898 390,434 342,902 47,532 - 47,532 247,937 295,469 |
|---|---|---|---|
The notes form part of these financial statements
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
BALANCE SHEET 31 MARCH 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 135,475 CURRENT ASSETS Debtors 10 24,375 Cash at bank and in hand 128,847 153,222 CREDITORS Amounts falling due within one year 11 (13,643) NET CURRENT ASSETS 139,579 TOTAL ASSETS LESS CURRENT LIABILITIES 275,054 NET ASSETS 275,054 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - |
2025 Total funds £ 135,475 24,375 128,847 153,222 (13,643) 139,579 275,054 275,054 275,054 - 275,054 |
2024 Total funds £ 134,833 24,285 147,142 171,427 (10,791) 160,636 295,469 295,469 266,161 29,308 295,469 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs M E Lewis - Trustee
The notes form part of these financial statements
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Fee income is recognised when the sale of goods or services under contract are provided for daily childcare services.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations, are recognised when the trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions or those below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Land and buildings - Over the term of the lease Fixtures and Fittings - 10% on cost Motor Vehicles - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Going Concern
The charity adopts the going concern basis in preparing its financial statements.
Presentational and functional currency
The presentational and functional currency is £ sterling.
Basic financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charities balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charities contractual obligations expire or are discharged or cancelled.
2. DONATIONS AND LEGACIES
3.
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations | 261 | 149 |
| INVESTMENT INCOME | ||
| Bank interest | 2025 £ 3,720 |
2024 £ 2,830 |
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. INCOME FROM CHARITABLE ACTIVITIES
5.
----- Start of picture text -----
|||||
|---|---|---|---|
|2025|2024|
|Activity|£|£|
|Fees|Provision of Childcare Services|340,839|323,486|
|Grants|Provision of Childcare Services|33,995|63,071|
|374,834|386,557|
|Grants received, included in the above, are as follows:|
|2025|2024|
|£|£|
|NPTCBC - Childcare Grant|2,200|-|
|Childcare Sufficiency Grant|9,000|28,808|
|NPTCBC|20,000|-|
|Milk Grant|2,795|2,600|
|Minibus|-|31,663|
|33,995|63,071|
|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure) is stated after charging/(crediting):|
|2025|2024|
|£|£|
|Depreciation - owned assets|12,947|3,800|
|-|
|Surplus on disposal of fixed assets|(898)|
----- End of picture text -----
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|2025|2024|
|Functional|20|21|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
Page 9
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Provision of Childcare Services Investment income Other income Total EXPENDITURE ON Charitable activities Provision of Childcare Services NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 96,952 - 96,952 12,280 1,939 14,219 82,733 84,672 |
Unrestricted funds £ 149 323,486 2,830 898 327,363 338,450 (11,087) 47,411 36,324 229,837 266,161 Fixtures and fittings £ 32,155 13,589 45,744 31,100 1,187 32,287 13,457 1,055 |
Restricted funds £ - 63,071 - - 63,071 4,452 58,619 (47,411) 11,208 18,100 29,308 Motor vehicles £ 50,799 - 50,799 1,693 9,821 11,514 39,285 49,106 |
Total funds £ 149 386,557 2,830 898 390,434 342,902 47,532 - 47,532 247,937 295,469 Totals £ 179,906 13,589 193,495 45,073 12,947 58,020 135,475 134,833 |
|---|---|---|---|---|
Page 10
continued...
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN Trade creditors Social security and other taxes Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Childcare Sufficiency Grant TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant NPTCBC - Childcare Grant Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
ONE YEAR At 1.4.24 £ 24,807 134,830 61,500 45,024 266,161 - 29,308 29,308 295,469 as follows: |
Net movement in funds £ 8,314 642 - - 8,956 (63) (29,308) (29,371) (20,415) Incoming resources £ 344,820 13,589 358,409 2,795 2,200 9,000 6,411 20,406 378,815 |
2025 2024 £ £ 17,879 18,111 2,129 2,109 4,367 4,065 24,375 24,285 2025 2024 £ £ 2,719 3,745 4,134 2,216 6,790 4,830 13,643 10,791 Transfers between At funds 31.3.25 £ £ 4,937 38,058 - 135,472 (5,000) 56,500 - 45,024 (63) 275,054 63 - - - 63 - - 275,054 Resources Movement expended in funds £ £ (336,506) 8,314 (12,947) 642 (349,453) 8,956 (2,858) (63) (2,200) - (38,308) (29,308) (6,411) - (49,777) (29,371) (399,230) (20,415) |
|---|---|---|---|
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12. MOVEMENT IN FUNDS
Page 11
continued...
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
At 1.4.23 £ 8,236 115,077 61,500 45,024 229,837 - - 2,500 15,600 18,100 247,937 |
Net movement in funds £ (7,288) (3,799) - - (11,087) 148 31,663 26,808 - 58,619 47,532 |
Transfers between funds £ 23,859 23,552 - - 47,411 (148) (31,663) - (15,600) (47,411) - |
At 31.3.24 £ 24,807 134,830 61,500 45,024 266,161 - - 29,308 - 29,308 295,469 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant TOTAL FUNDS |
Incoming resources £ 327,362 1 327,363 2,600 31,663 28,808 63,071 390,434 |
Resources Movement expended in funds £ £ (334,650) (7,288) (3,800) (3,799) (338,450) (11,087) (2,452) 148 - 31,663 (2,000) 26,808 (4,452) 58,619 (342,902) 47,532 |
|---|---|---|
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
At 1.4.23 £ 8,236 115,077 61,500 45,024 229,837 - - 2,500 15,600 18,100 247,937 |
Net movement in funds £ 1,026 (3,157) - - (2,131) 85 31,663 (2,500) - 29,248 27,117 |
Transfers between funds £ 28,796 23,552 (5,000) - 47,348 (85) (31,663) - (15,600) (47,348) - |
At 31.3.25 £ 38,058 135,472 56,500 45,024 275,054 - - - - - 275,054 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant Big Lottery Grant (Minibus) NPTCBC - Childcare Grant Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
Incoming resources £ 672,182 13,590 685,772 5,395 31,663 2,200 37,808 6,411 83,477 769,249 |
Resources Movement expended in funds £ £ (671,156) 1,026 (16,747) (3,157) (687,903) (2,131) (5,310) 85 - 31,663 (2,200) - (40,308) (2,500) (6,411) - (54,229) 29,248 (742,132) 27,117 |
|---|---|---|
Transfers between funds
The designated planned reserve spend is a reserve to cover future planned spend out of retained reserves. Once all conditions of funding have been met, any balance is transferred to the general fund.
Designated capital funds
The designated capital fund balance represents the net book value of the fixed assets that have been purchased through an unrestricted grant.
Designated general funds
The designated general fund balance of £56,500 represents three months of running costs.
Page 13
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Transfers between funds - continued
Milk fund grant
This represents the net book value of milk purchased through a restricted grant.
Children and young people's partnership
Represents the net book value of the fixed assets that have been purchased through a restricted grant.
Childcare sufficiency grant
Represents the net book value of the fixed assets that have been purchased through a restricted grant.
Capital fund CFAP Spend
Represents the capital net book value of the purchase of the existing building through a restricted grant. Amounts previously recognised as restricted funds have been transferred to unrestricted, as all conditions of the funding were previously met and the asset can be treated as unrestricted.
Lottery Grant
This represents the net book value of fixed assets purchased through a restricted grant..
NPTCBC
This represents the net book value of fixed assets purchased and property repairs through a restricted grant..
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 14
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Bank interest Charitable activities Fees Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Rent and rates Insurance Light and heat Telephone Postage and stationery Advertising Sundries Minibus Repairs and Renewals Cleaning Milk Provisions Toys and Materials Registration & Membership Bad debts Depn of freehold property Depn of fixtures and fittings Depn of motor vehicles Support costs Finance Bank charges Support costs Accountancy fees |
2025 £ 261 3,720 340,839 33,995 374,834 - 378,815 290,342 13,922 12,094 812 2,453 5,195 2,872 3,129 568 1,095 1,734 25,461 3,343 2,861 6,488 603 5,783 1,839 1,939 1,187 9,821 393,541 110 5,579 |
2024 £ 149 2,830 323,486 63,071 386,557 898 390,434 262,781 10,404 10,520 810 3,293 6,180 2,514 3,066 336 844 1,569 7,292 3,419 2,437 7,153 693 9,016 859 1,939 168 1,693 336,986 132 5,784 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Total resources expended Net (expenditure)/income |
2025 £ 399,230 (20,415) |
2024 £ 342,902 47,532 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
REGISTERED COMPANY NUMBER: 03060768 (England and Wales) REGISTERED CHARITY NUMBER: 1092648
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of education of children in particular through the provision of day care, playgroup sessions and out of school clubs in both Welsh and English mediums. The advancement of child and play care educational training opportunities through both Welsh and English mediums within the county borough of Neath Port Talbot and surrounding areas.
The Charity is restricted to operating with its Memorandum and Articles of Association dated 9 July 1996 as amended by special resolution dated 9 April 2002.
In setting our objectives and planning our objectives our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education.
ACHIEVEMENT AND PERFORMANCE
Investment performance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig has been operating since 1996, obtaining charitable status on 27 June 2002. Throughout this time Tiddlywinks has continued to develop and adapt its service of the provision of day care, play group sessions and out of school clubs in response to local demand. Over the year the number of service users was up on the previous year as the effect of ongoing austerity measures, the growth of subsidised places within the maintained sector and unintended consequences of national initiatives continue to create a competitive market within the sector. Tiddlywinks' priority remains to ensure that the safety and the quality of the provision is paramount and that the service continues to reflect and embrace the needs of the community it serves.
FINANCIAL REVIEW
Financial Review
During 2024/2025 the Charity was funded variously from statutory sources, charitable trusts and income generated by the Charity in the provision of childcare.
The charity’s balance sheet shows a satisfactory position with unrestricted reserves of £275,054 of which £236,996 is held in designated funds, leaving a general fund of £38,058. Incoming resources for the period were £378,815 of which £20,406 were restricted (2024: £390,434 of which £63,071 was restricted). The resources expended during the period totalled £399,230 (2024: £342,902). This has resulted in net outgoing resources of £20,415 (2024: £47,532 incoming).
The financial position for the period 2024/2025 is such that the project will be able to continue carrying out its charitable objectives for the financial year 2025/2026 as set down in these financial statements.
Reserves policy
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig aims to continue building up reserves in future years to enable it to continue and expand the services they currently provide and develop new projects in the future.
The trustees will review the policy during the current year.
FUTURE PLANS
The charity continues to monitor the level of take up and adapt its facilities accordingly to accommodate current and future demand and patterns. The charity continues to support and raise awareness of existing services available to families and will signpost individuals on to the various services offered by associated partner organisations as appropriate. A range of appropriate new and diverse services will continually be encouraged and supported in accordance with identified need.
The charity remains committed to meet its regulatory and legal requirements that are associated with the delivery of its service and to achieve and maintain all appropriate quality kite marks.
Page 1
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure and governance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig is managed by the board of Trustees. New Trustees are appointed by the Board of Trustees at the Annual General Meeting by way of a majority vote and from time to time at quorate Management Committee Meetings. The Board meets as a rule every other month.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03060768 (England and Wales)
Registered Charity number 1092648
Registered office 38 Commercial Street Ystalyfera Swansea West Glamorgan SA9 2HR
Trustees T Hales D T Lewis Mrs M E Lewis Miss R Ford Company Secretary D T Lewis Independent Examiner Michael Jones FCCA Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Bankers Lloyds Bank PLC 113 High Street Gorseinon Swansea SA4 4BR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs M E Lewis - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
Independent examiner's report to the trustees of Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Jones FCCA
Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: .............................................
Page 3
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 261 Charitable activities 4 Provision of Childcare Services 354,428 Investment income 3 3,720 Other income - Total 358,409 EXPENDITURE ON Charitable activities Provision of Childcare Services 349,453 NET INCOME/(EXPENDITURE) 8,956 Transfers between funds 12 (63) Net movement in funds 8,893 RECONCILIATION OF FUNDS Total funds brought forward 266,161 TOTAL FUNDS CARRIED FORWARD 275,054 |
Restricted funds £ - 20,406 - - 20,406 49,777 (29,371) 63 (29,308) 29,308 - |
2025 Total funds £ 261 374,834 3,720 - 378,815 399,230 (20,415) - (20,415) 295,469 275,054 |
2024 Total funds £ 149 386,557 2,830 898 390,434 342,902 47,532 - 47,532 247,937 295,469 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
BALANCE SHEET 31 MARCH 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 135,475 CURRENT ASSETS Debtors 10 24,375 Cash at bank and in hand 128,847 153,222 CREDITORS Amounts falling due within one year 11 (13,643) NET CURRENT ASSETS 139,579 TOTAL ASSETS LESS CURRENT LIABILITIES 275,054 NET ASSETS 275,054 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - |
2025 Total funds £ 135,475 24,375 128,847 153,222 (13,643) 139,579 275,054 275,054 275,054 - 275,054 |
2024 Total funds £ 134,833 24,285 147,142 171,427 (10,791) 160,636 295,469 295,469 266,161 29,308 295,469 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs M E Lewis - Trustee
The notes form part of these financial statements
Page 5
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Fee income is recognised when the sale of goods or services under contract are provided for daily childcare services.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations, are recognised when the trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions or those below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Land and buildings - Over the term of the lease Fixtures and Fittings - 10% on cost Motor Vehicles - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 6
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Going Concern
The charity adopts the going concern basis in preparing its financial statements.
Presentational and functional currency
The presentational and functional currency is £ sterling.
Basic financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charities balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss
Page 7
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charities contractual obligations expire or are discharged or cancelled.
2. DONATIONS AND LEGACIES
3.
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations | 261 | 149 |
| INVESTMENT INCOME | ||
| Bank interest | 2025 £ 3,720 |
2024 £ 2,830 |
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. INCOME FROM CHARITABLE ACTIVITIES
5.
----- Start of picture text -----
|||||
|---|---|---|---|
|2025|2024|
|Activity|£|£|
|Fees|Provision of Childcare Services|340,839|323,486|
|Grants|Provision of Childcare Services|33,995|63,071|
|374,834|386,557|
|Grants received, included in the above, are as follows:|
|2025|2024|
|£|£|
|NPTCBC - Childcare Grant|2,200|-|
|Childcare Sufficiency Grant|9,000|28,808|
|NPTCBC|20,000|-|
|Milk Grant|2,795|2,600|
|Minibus|-|31,663|
|33,995|63,071|
|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure) is stated after charging/(crediting):|
|2025|2024|
|£|£|
|Depreciation - owned assets|12,947|3,800|
|-|
|Surplus on disposal of fixed assets|(898)|
----- End of picture text -----
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|2025|2024|
|Functional|20|21|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Provision of Childcare Services Investment income Other income Total EXPENDITURE ON Charitable activities Provision of Childcare Services NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 96,952 - 96,952 12,280 1,939 14,219 82,733 84,672 |
Unrestricted funds £ 149 323,486 2,830 898 327,363 338,450 (11,087) 47,411 36,324 229,837 266,161 Fixtures and fittings £ 32,155 13,589 45,744 31,100 1,187 32,287 13,457 1,055 |
Restricted funds £ - 63,071 - - 63,071 4,452 58,619 (47,411) 11,208 18,100 29,308 Motor vehicles £ 50,799 - 50,799 1,693 9,821 11,514 39,285 49,106 |
Total funds £ 149 386,557 2,830 898 390,434 342,902 47,532 - 47,532 247,937 295,469 Totals £ 179,906 13,589 193,495 45,073 12,947 58,020 135,475 134,833 |
|---|---|---|---|---|
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN Trade creditors Social security and other taxes Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Childcare Sufficiency Grant TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant NPTCBC - Childcare Grant Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
ONE YEAR At 1.4.24 £ 24,807 134,830 61,500 45,024 266,161 - 29,308 29,308 295,469 as follows: |
Net movement in funds £ 8,314 642 - - 8,956 (63) (29,308) (29,371) (20,415) Incoming resources £ 344,820 13,589 358,409 2,795 2,200 9,000 6,411 20,406 378,815 |
2025 2024 £ £ 17,879 18,111 2,129 2,109 4,367 4,065 24,375 24,285 2025 2024 £ £ 2,719 3,745 4,134 2,216 6,790 4,830 13,643 10,791 Transfers between At funds 31.3.25 £ £ 4,937 38,058 - 135,472 (5,000) 56,500 - 45,024 (63) 275,054 63 - - - 63 - - 275,054 Resources Movement expended in funds £ £ (336,506) 8,314 (12,947) 642 (349,453) 8,956 (2,858) (63) (2,200) - (38,308) (29,308) (6,411) - (49,777) (29,371) (399,230) (20,415) |
|---|---|---|---|
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12. MOVEMENT IN FUNDS
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
At 1.4.23 £ 8,236 115,077 61,500 45,024 229,837 - - 2,500 15,600 18,100 247,937 |
Net movement in funds £ (7,288) (3,799) - - (11,087) 148 31,663 26,808 - 58,619 47,532 |
Transfers between funds £ 23,859 23,552 - - 47,411 (148) (31,663) - (15,600) (47,411) - |
At 31.3.24 £ 24,807 134,830 61,500 45,024 266,161 - - 29,308 - 29,308 295,469 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant TOTAL FUNDS |
Incoming resources £ 327,362 1 327,363 2,600 31,663 28,808 63,071 390,434 |
Resources Movement expended in funds £ £ (334,650) (7,288) (3,800) (3,799) (338,450) (11,087) (2,452) 148 - 31,663 (2,000) 26,808 (4,452) 58,619 (342,902) 47,532 |
|---|---|---|
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Funds Designated Capital Funds Designated General Funds Planned Budget Deficit Spend Restricted funds Milk Grant Big Lottery Grant (Minibus) Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
At 1.4.23 £ 8,236 115,077 61,500 45,024 229,837 - - 2,500 15,600 18,100 247,937 |
Net movement in funds £ 1,026 (3,157) - - (2,131) 85 31,663 (2,500) - 29,248 27,117 |
Transfers between funds £ 28,796 23,552 (5,000) - 47,348 (85) (31,663) - (15,600) (47,348) - |
At 31.3.25 £ 38,058 135,472 56,500 45,024 275,054 - - - - - 275,054 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General Funds Designated Capital Funds Restricted funds Milk Grant Big Lottery Grant (Minibus) NPTCBC - Childcare Grant Childcare Sufficiency Grant NPTCBC TOTAL FUNDS |
Incoming resources £ 672,182 13,590 685,772 5,395 31,663 2,200 37,808 6,411 83,477 769,249 |
Resources Movement expended in funds £ £ (671,156) 1,026 (16,747) (3,157) (687,903) (2,131) (5,310) 85 - 31,663 (2,200) - (40,308) (2,500) (6,411) - (54,229) 29,248 (742,132) 27,117 |
|---|---|---|
Transfers between funds
The designated planned reserve spend is a reserve to cover future planned spend out of retained reserves. Once all conditions of funding have been met, any balance is transferred to the general fund.
Designated capital funds
The designated capital fund balance represents the net book value of the fixed assets that have been purchased through an unrestricted grant.
Designated general funds
The designated general fund balance of £56,500 represents three months of running costs.
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CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Transfers between funds - continued
Milk fund grant
This represents the net book value of milk purchased through a restricted grant.
Children and young people's partnership
Represents the net book value of the fixed assets that have been purchased through a restricted grant.
Childcare sufficiency grant
Represents the net book value of the fixed assets that have been purchased through a restricted grant.
Capital fund CFAP Spend
Represents the capital net book value of the purchase of the existing building through a restricted grant. Amounts previously recognised as restricted funds have been transferred to unrestricted, as all conditions of the funding were previously met and the asset can be treated as unrestricted.
Lottery Grant
This represents the net book value of fixed assets purchased through a restricted grant..
NPTCBC
This represents the net book value of fixed assets purchased and property repairs through a restricted grant..
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 14
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Bank interest Charitable activities Fees Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Rent and rates Insurance Light and heat Telephone Postage and stationery Advertising Sundries Minibus Repairs and Renewals Cleaning Milk Provisions Toys and Materials Registration & Membership Bad debts Depn of freehold property Depn of fixtures and fittings Depn of motor vehicles Support costs Finance Bank charges Support costs Accountancy fees |
2025 £ 261 3,720 340,839 33,995 374,834 - 378,815 290,342 13,922 12,094 812 2,453 5,195 2,872 3,129 568 1,095 1,734 25,461 3,343 2,861 6,488 603 5,783 1,839 1,939 1,187 9,821 393,541 110 5,579 |
2024 £ 149 2,830 323,486 63,071 386,557 898 390,434 262,781 10,404 10,520 810 3,293 6,180 2,514 3,066 336 844 1,569 7,292 3,419 2,437 7,153 693 9,016 859 1,939 168 1,693 336,986 132 5,784 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15
CANOLFAN GOFAL PLANT TIDDLYWINKS CHILDCARE CENTRE CYFYNGEDIG
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Total resources expended Net (expenditure)/income |
2025 £ 399,230 (20,415) |
2024 £ 342,902 47,532 |
|---|---|---|
This page does not form part of the statutory financial statements
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