JIGSO CHILDRENS CENTRE (A COMPANY LIIIIITED BY GUARAIYTEE) YIYUAL REPORT AND ACcOU￿Ts FOR TIIE YEAR ENDED 31 IMARCH 2025 COMPANY REGISTRATION INUMBER 03855779 CHARITY REGISTRATION NUMBER 1143768 JIGSO CHILDRENS CENTRE SIC.NIFICANT INFORMATION The orgTanisation was incorporated on 8 October 1999 in order to provide support and providc resources and services for childrcn pre-birth up to the age of14, their families and significant others in the counties of Ceredigion, Pembrokeshire and Carniarthenshire. DIRECTORStrRUSTEES: Mrs B Meredith, I Pont Y Cleifion, Cardigan, Ccredigion, SA43 1 DW. Mrs E B Jones, Llanll¢ban, Hermon, Glogue, Pembrokeshire, SA36 ODY. Ms D W Dearlove: Craig y Nos, Penrherb¢r, Newcastle Emlyn, SA38 9RW. (Resigned 31 of Augwst 2024) Ms C R Wakelam, BTonmor, Tresdlth, Cardigan, SA43 2JH. Ms 8 Wrcford, .... (Appointed 20 of July 2023) Ms J Bottone. ....(ResI￿)ed 23 April 2024) st ADVISERS Bankers: Barclays Bank plc, 32 High Strcct, Cardigan, Cercdigion. Acc ￿￿tants. D M B Davies Limit¢d, Broyan House, Priory Street, Cardigan, SA43 1 BZ. stered Office: I Pont Y Cleifion, Cardigan, Ceredigion, SA43 1 DW. IGSO CHILDRENS CENI TRE TRUSTEES, RESPONSJBILITY FOR THE ACCOUNTS Charity Law requires thc trustL"CS to prepare stateTnents of account for cach financial year which givc a true and fair vie￿. of the statc of atfairs of the Lharity and of its incoiTLing re%ources and application of resources for that pcriod. In prcparing those financial statcmcnts, thc trust¢cs arc required to: select suitable accountin& policies and apply them consistently; make judgements and estimates that ar¢ reasonable and prudent. prepare the financial statements on the going conccm basis unless it is inappropriate to presume that the charity will continue in operation. * to value asscts and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities. The trust¢cs are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time thc financial position of the Association, and to ¢nable them to ensure that any statements of account comply with the requirements of th¢ Charities Act 201 l. They are also responsible for safeguardingp the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ILNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JIGSO cHILDRE￿'s CEINTRE I rLport to thc trustees on my examiniven by thc Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed iny examination. I confirni that no material matters have come to my attention in connection with the examination giving mc cause to believe thal in aiiy material respect:_ accountingT records were not kept in r¢spect of the Trust as requir¢d by section 130 of the Act. or 2. the accounts do not accord with those records" or 3. the accounts do not comply ivith th¢ applicable requirements concerning the forn] and content of accounts sel out in the Charities (Accounts and Reports) Rcgulations 2008 other than any requirement that the accounts give a 'true and t.air view, which is not a matter considered as part of an independent cxamination. I have no concern.8 and have come across no othcr matters in connection with the examination to which attention should be drawn in this report in order to enabl¢ a proper understanding of the accounts to be reached. D M B DAVIES LIMITED Accountants Broyan Ilouse Priory Strcct CARDIGAN Ceredigiion SA43 1 BZ DATE:........... IGSO CHILDRENS CEIYTRE STATEMENT OF FINANCIAL ACTIIIITIES FOR THE YEAR ENDED 31 MARCH 2025 INCOME AND EXPENDITURE TES ENERAL FU,NDS STRICTED INDS TOTAL 3110 Incomin Grants Donations Fund-Raising Day to Day Income Service Provision Bank Interest Received Room Hire Sundry Income Resources 131,896 132,455 1.160 1,480 4,051 86 801 485 99,733 16,635 3,231 2,952 468 653 1,755 1,160 1,480 4,610 86 801 485 TOTAL INCOME £8,622 £131,896 £140,518 £125,427 Resources Ex ended Direct Charitable Expenditure Managemcnt and Administration 3, 4 Depreciation TOTAL EXPENDII"URE 1,977 13.637 40,759 115,464 42,736 129,101 17,528 68,594 £19.985 £156,223 £176,208 £90,635 omi Out esour ear Transfers Between Funds (11,363) (24,327) {35,690) 34,792 Retained Profit B/Fivd (899) 133,573 13? 674 97,882 PR FIVD (£12,262) £109,246 £96,984 £132,674 None of the Company s acti￿ ities were acquired or discontinued during the aboN'e financial year. There were Iio recognised gyains or losscs other than the profit or loss t'or the above financial year. The not¢s on pages 7 to l O forni an integral part of these Accounts. JIGSO CHILDREII'S CEIYTRE BA ET 31M 2025 2024 FIXED ASSETS Tangible Assets 17,839 18,948 CURRENT ASSETS Cash At Bank and In Hand 85,658 114,416 85,658 CREDITORS: Amounts falling duc within one year 114,416 6,513 690 NET RREIYT ASSETS 79,145 113,726 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Gener(Il Fund Restricted Funds £96,984 £132,674 (12,262) 10 246 £96,984 (899) 133 £132,674 Th¢ company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The meinb¢rs have not required thc company to obtain an audit of its financial statemcnts for tlie ycar ended 31 Lmarch 2024 in accordancc with Scction 476 of the ConTrpanies Act 2006. The dir¢ctors acknowledge their responsibilities for: (a) ensuring that th¢ company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair vicw of the stale of affairs of the company as at thc cnd c)f cach financial Ye1￿ and of its profit or loss for each financial year in accordancc witli thc requircments of section.s 3)( 4 and 395 and ii'hich othenlyisc comply ivith the requirements of the Companics Act 2006 rclating to financial statements, so far as applicabl¢ to the company. Approved by the truste¢s on and signed on their behalf by: .) "I"rustee SIGNATURE NAME JIGSO cHILDRE￿'s CENTRE NOTES TO THE ACCOUINTS FOR"fHE YEAR ENDED 31 MARCH 2025 I) ACCOUNTING POLICIES Basis of Accountin These Accounts have bcen prepared on the basis of historic costs in accordancc with Accounting and Reporting by Charilies - Statemcnt of-Rccommcnded Practice (SORP), with AccountinL? Standards, and with the Charities Act 2011. Income Don(Itions and legacies are accounted for whcn received by the Charity. Other income is accounted for on an accruals basis as far as it is prudent to do so. ixed sset Depreciation is provided at the following annual rates in order to writc off each asset over its estimated useful life. Plant and machinery etc - 15 % and 250/0 on reducing balance. Cifts in Kind The Chdrity reLeii'es the bcnefit of work carried out by i'olunteLYs and reccive5 thc use of faLilitics and equipinent without chargL. No valuc is placed on these items, wh¢rc the bcnefit extcnds ()vcr sevLTal periods, in which casc they arc valued and included iii the balance shcct at <1 rcasondble valuation. Crants Revcnue Grants are credit¢d to the income and expenditure account as rcceived, unless related to a specific period, Ivh¢n it is placed in a Testrict¢d fund until used. 2) nts An estri PembroLeshire County Council 30,665 Ceredigion County Council 62.977 Ceredigion Watm Welcome 1,000 CFW - I.ord Merthyr I,'und 2.750 Cb"W- Nourish the Nation i 0.000 National Lottery- HWB Teulu Allan o.r Ysgol 24,504 Postcode Lottery Dr Dewi Davies fund PAVS Lii'ing Well & Wclcoming Spaces Fund CFW Cost of l.iN'ing 2023 Principality Build Society Future Generations National Grid Fishuuard & Goodwick Town Council Soroptimist Internalional Cardigan Branch Llangoedmor Community Council on 2025 2024 16.392 22.750 25,000 5,000 3,857 5,000 12,500 6,989 1,495 500 250 GRANTSIDONATI NS JIGSO CHILDRENS CEf*TRE 'OTES TO THE.4CCOUYTS FOR THE YEAR ENDED 31 MARCH 21125 31 ￿lARc1{ 2025 UNRESTRICTED R Tr:STRICTED .987 147 278 3.201 DIRF.C.T CHARJTABLE EXPENDITURE TOI'AI. 1.987 147 278 3.564 284 13,(M6 19,253 4.177 2024 sU[￿ry Char&yes Fund Raising Expen.qcs E4uiprncni, Sports. Equiprncnt and Book PU￿h& Refrcshments and Subsisiencc F(Jod Re Projwt Cosis Planning and Prof￿s1onal Fees ActtviliÉ 1,862 70 3,343 1.885 363 284 13,(M6 17.923 4.177 40.759 1.330 5,012 IIIAJYA ]¥IEN'I' AIYD IINISI'R.4 CII 2025 RESTRTCTE NRES"fRIC-TED TOTAL 779 994 505 309 7,394 90.526 4,922 2,41a 21124 Trltphonc Advcrtt%ingTrublicity Hous¢hold & Cleaning PO.%￿ge dnd Staiionery Conipuler ExpLmse5 Wages and N41tional Insurance Pensions Trai'elling Trdinin¥ and Courses Heal Light RenURi￿)rn IlirL I.IcenC￿ & InsuranL¢s Accovnlaftcy LTniforn)s Propttnv Expcnses Sub4criplion% and Fees Bi]k Charg DBSIWCVA Cheiks Raies &. Water PA T TLs1ing 733 994 505 309 7,394 90.526 608 3,124 37,977 2,328 2,894 4.922 2.410 3.024 3.024 15.948 2,618 16.2.16 15,948 1.031 1.031 206 984 344 508 50¥ 145 41K) 444 213 105 56 145 115.464 129.lUI 68,594 FIXTURES AND FITTTh'CS MOTOR 'EIIIC.I.ES COMPUTER EQVJPI¥IENT TOTAL COST At l April 2024 Addiiions 31.725 320 ?8.124 2,240 62,089 3.262 Ai 31 MarLh 20?5 32,045 28,124 5.182 65,351 DEPRECIATON At l April 2024 ChargL for yLar 20.234 1.772 21,727 1.599 i.lso 43.141 4,371 Ai 31 March 2025 ?2.006 NET BOOK VALUE Ai 31 MarLh 2025 Ar 31 MuTLh 20?4 4.798 6.397 3,002 11.491 REDI 2025 2024 Trade Crdits)rs 690 JIGSO CHII.DRENS CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 6) REDITORS: A.MOL'NT FALLING DUE WITHIN ONE Y 2025 2024 Trade Creditors Other Creditors 5,787 726 690 £6,51_3 £696 7) FUNDS GENERAL RESTRICTED TOTAL At l April 2024 Incoming Resources for thc Year Outgoing Resources for the Year Transfers (899) 8,622 (19,985) 133,573 131,896 (156,223) 132,674 140,518 {176,208) At 31 March 2024 (£12,262) £109,246 £96,984 REPRESENTED BY: 2025 2024 Net Current Assets 79,145 113,726 £79,145 £113,726 Restricted Funds comprise ￿ndS reccived from: Pembrokeshire County Council, Ceredigion Council, Ceredigion Wann Welcome, CFW - Lord Merthyr Fund, CFIV - Nourish the Nation & National Lottery - Hwb Teulu Allan o r Ysgol. The total of £30,665 from PCC is made up of: Cost of Living Grant £4,000, Fdmilies First Gr￿t £12,000 & SPF 2024 £14,666. The total of £62.997 is from CCC is n]adc up of. Plant Dewi Grant £6,750, SPF - Tyfu Teulu Jig-so £24,160 & SPF - Un, Dau, Tri £32,067. 8) TRANSACTIONS WITH TRUSTEES AND COII'IN'ECTED PARTIES Buddig Meredith was a Trustee throughout th¢ period, and remains so. She il'as paid £5,644.98 as a coiisultant for the two Ceredigion County Council administered, Shared Prosperity Funds