Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/03/2023 Period end date
Charity name: Cylch Meithrin Trefeurig
Charity registration number: 1150403
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To promote pre-school education for children through the medium of Welsh in the Trefeurig area. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Charity provides school time education for children from 2 to 4 years of age, as well as an after school club for children up to 11 years of age. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have ensured that all of the charity’s activities have been for the public benefit |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity continues to provide low cost high quality education for preschool children in the area, contributing towards the educational goals of all children under its care. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has used some of it’s reserves to cover incresed wage costs |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held for investment in equipment etc. for the needs of the charity |
| Amount of reserves held | Para 1.22 | £109061 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity’s principal sources of funding are through fees levied and government childcare payments. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum and articles |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable company |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | New trustees are recruited from the parents of children cared for by the charity. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Cylch Meithrin Trefeurig |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1150403 Company No: 08322665 |
| Charity’s principal address | Y Caban Ysgol gymunedol Penrhyncoch Penrhyncoch Aberystwyth |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Andrew Curley | ||||
| HayleyThomas | ||||
| Nerys Lockyer | Chairman | |||
| Robert Mills | ||||
| David Hughes | ||||
| Gwenan Price | ||||
| Lynwen Jenkins | ||||
| Shan James | Treasurer | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Nerys Powell Full name(s) Nerys Powell
Position (eg Secretary, Chair Chair, etc)
Date
16/01/2025
Annual Limited Company Accounts
Cylch Meithrin Trefeurig For the year ended 31 March 2023
Prepared by PJE Accountants & Advisors
Contents
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3 Company Information
-
4 Directors' Report
-
5 Accountants' Report
-
6 Profit and Loss
-
8 Balance Sheet
-
9 Balance Sheet (continued)
-
10 Notes to the Financial Statements
-
12 Notes to the Financial Statements
Company Information
Cylch Meithrin Trefeurig For the year ended 31 March 2023
Directors
Llywelyn Evans Sara Gibson Rachel Shan James Nerys Lockyer
Company secretary
Llywelyn Evans
Registered office
C/O Ysgol Penrhyncoch, Aberystwyth, Ceredigion, United Kingdom, SY23 3EH
Accountants
PJE Accountants & Advisors 23 College Street Lampeter Ceredigion SA48 7DY
Directors' Report
Cylch Meithrin Trefeurig For the year ended 31 March 2023
Directors of the company
The directors who held office during the year were as follows:
Llywelyn Evans Sara Gibson Rachel Shan James Nerys Lockyer
Small companies provision statement
This report has been prepared in accordance with the special provisions relating
to companies subject to the small companies regime within Part 15 of the Companies Act 2006 Approved by the board on
and signed on its behalf by:. . . . . . . . . . . . . . . . . . . . . . . . . . .
Llywelyn Evans
Director
Accountants' Report
Cylch Meithrin Trefeurig For the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cylch Meithrin Trefeurig for the year ended 31 March 2023 from the company's accounting records and from information and explanations you have given us.
This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Cylch Meithrin Trefeurig and state those matters that we have agreed to state to them, as a body, in accordance with the terms of our engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cylch Meithrin Trefeurig for our work or for this report.
It is your duty to ensure that Cylch Meithrin Trefeurig has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit [/loss] of Cylch Meithrin Trefeurig. You consider that Cylch Meithrin Trefeurig is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cylch Meithrin Trefeurig. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Profit and Loss
Cylch Meithrin Trefeurig For the year ended 31 March 2023
| Profit and Loss Cylch Meithrin Trefeurig For the year ended 31 March 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| Turnover | ||
| Fees | 35,607 | 32,8 |
| 34 | ||
| Grants and subsidies | 111,485 | 43,1 |
| 78 | ||
| Total Turnover | 147,092 | 76,0 |
| 12 | ||
| Cost of sales | ||
| Direct costs | ||
| Teaching Materials & Play Equipment | 1,188 | 3,08 |
| 9 | ||
| General Groceries | 1,395 | 401 |
| Total Cost of sales | 2,583 | 3,4 |
| 90 | ||
| Gross proft | 144,509 | 72,5 |
| 22 | ||
| Staf costs | ||
| Wages and salaries | 72,753 | 56,9 |
| 99 | ||
| Staf pensions | 11,213 | 10,2 |
| 05 | ||
| Staf training and welfare | - | 473 |
| Total Staf costs | 83,966 | 67,6 |
| 77 | ||
| Overheads | ||
| Equipment & Premises expenditure & consumables | 6,851 | 3,99 |
| 6 | ||
| Staf Clothing | 593 | - |
| Subscriptions | 35 | - |
| Sundry expenses | 15 | 33 |
| Telephone and data | 270 | 250 |
| Utility charges | 596 | 462 |
| Cleaning & Waste Disposal | 393 | 288 |
| Leasing payments | 594 | - |
| Insurance | 2,782 | 2,46 |
| 4 | ||
| Accountancy Fees | 1,096 | 1,15 |
| 3 | ||
| Legal and professional fees | 400 | 210 |
| Printing, postage and stationery | 572 | 100 |
| Total Overheads | 14,196 | 8,9 |
| 56 | ||
| Operating proft | 46,346 | (4,11 1) |
| Other income | ||
| Grants received (other) | - | 2,00 |
| 1 | ||
| Other interest receivable and similar income | 5 | 101 |
Total Other income
2,102
5
| Proft and Loss | ||
|---|---|---|
| Net proft | 46,351 | (2,00 9) |
| 2023 | 2022 | |
| Reserves | ||
| Retained earnings brought forward | 62,710 | 64,7 |
| 19 | ||
| Current year proft/(loss) | 46,351 | (2,00 |
| 9) | ||
| Retained earnings carried forward | 109,061 | 62,710 |
Balance Sheet
Cylch Meithrin Trefeurig As at 31 March 2023
| Balance Sheet Cylch Meithrin Trefeurig As at 31 March 2023 |
||
|---|---|---|
| 31MAR2023 | 31MAR20 | |
| 22 | ||
| Fixed Assets | ||
| Tangible assets | 53,499 | 23,499 |
| Total Fixed Assets | 53,499 | 23,499 |
| Current Assets | ||
| Debtors | 18,294 | 12,874 |
| Cash at bank and in hand | 52,000 | 37,355 |
| Total Current Assets | 70,294 | 50,229 |
| Creditors: amounts falling due within oneyear | ||
| Accruals and deferred income | (840) | (800) |
| Other creditors | (1,650) | (810) |
| Taxation & social security | (12,242) | (9,408) |
| Total Creditors: amounts falling due within one year | (14,732) | (11,0 |
| 18) | ||
| Net current assets (liabilities) | 55,562 | 39,211 |
| Total assets less current liabilities | 109,061 | 62,710 |
| Net assets | 109,061 | 62,710 |
| Capital and reserves | ||
| Proft and loss account b/fwd | 62,710 | 64,719 |
| Current Year Earnings | 46,351 | (2,009) |
| Total equity | 109,061 | 62,710 |
Balance Sheet (continued)
Cylch Meithrin Trefeurig For the year ended 31 March 2023
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions
applicable to companies subject to the small companies regime and the option not to
file the profit and loss account has been taken. Approved and authorised by the Board
on
and signed on its behalf by:......................................... Llywelyn Evans Director
Notes to the Financial Statements
Cylch Meithrin Trefeurig For the year ended 31 March 2023
General information
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
C/O Ysgol Penrhyncoch, Aberystwyth, Ceredigion, United Kingdom, SY23 3EH
The company registration number is 08322665
Accounting Policies:
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 105 - 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The Company enjoys charitable status and is therefore exempt from any liability to Corporation Tax.
Tangible Assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Notes to the Financial Statements
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Staff numbers
The average number of persons employed by the company (including directors) during the year, was 8 (2022: 8) .
Notes to the Financial Statements
Cylch Meithrin Trefeurig For the year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| Debtors | ||
| Debtors | ||
| Trade debtors | 18,294 | 12,8 |
| 74 | ||
| Total Debtors | 18,294 | 12,8 |
| 74 | ||
| Total | 18,294 | 12,8 |
| 74 | ||
| 2023 | 2022 | |
| Creditors | ||
| Due within oneyear | ||
| Trade creditors | (1,650) | (810) |
| Accruals | (840) | (800) |
| PAYE and NIC creditor | (12,242) | (9,40 |
| 8) | ||
| Total Due within one year | (14,732) | (11,0 |
| 18) | ||
| Total | (14,732) | (11,018) |