Trustees’ Annual Report for the period
From 1.4.2021 Period start date To 31.3.2022 Period end date
Charity name: Cylch Meithrin Min y Ddol
Charity registration number: 1181862
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Cylch Meithrin Min y Ddol provides quality day care, Flying Start and Early Years education through the medium of welsh to children from 2 years old to school age. The cylch is registered with CIW to take maximum of 19 children at any one time. |
| 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 cylch provides high quality day care and educational activities to children of two years old to school years through the medium of welsh. The cylch implement’s the language emersion method, ad the crosier bont scheme supports the delivery of all activities through welsh. The children are offered a variety of learning experiences in accordance with Flying Start and Early Education and the 30hr childcare offer. Cylch works very closely with parents, guardians and relevant agencies to ensure that children have the necessary support and all their individual needs are met. |
| 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 all signed the trustee declaration to say they are aware of the guidance issued by the charity commission. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
TAR (SORP102) Saesneg Ion 2021
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
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SORP reference
The cylch became a CIO in 2019 with
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| The cylch became a CIO in 2019 with | ||
| 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 | four trustee members. Catrin Pritchard,Amanda Taylor,Stacey Cameron and Melanie Cameron. The cylch has expanded over the years and are now looking forward to their new journey in a new building funded by the 30hr childcare offer. We currently have 38 registered but not all attending at the same time. Were funded through Flying Start and Early Education and the 30hr childcare offer. The majority of the children moved on to welsh medium education in Ysgol Min y Ddol. Staff are still continuing to ensure that all safety measures are met and the correct procedures are followed. Some training and meetings have resumed face to face after the covid pandemic.The cylch is open Monday- Friday 9.00am – 3.00pm. |
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 |
TAR (SORP102) Saesneg Ion 2021
| Investment performance against objectives |
Para 1.41 | |
| Other |
TAR (SORP102) Saesneg Ion 2021
Financial Review
Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | |
| 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 |
TAR (SORP102) Saesneg Ion 2021
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (constitution, trust deed, royal charter) |
Para 1.25 | Constituton |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post |
Para 1.25 | Nominated at the AGM . |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name Cylch Meithrin Min y Ddol
Other name the charity uses
Registered charity number 1181862
Charity’s principal address Cylch Meithrin Min y Ddol
Ysgol Min y Ddol
Plas Kynaton Lane
Cefn Mawr
Wrexham
LL14 3PY
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TAR (SORP102) Saesneg Ion 2021
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Stacey Cameron N/A
2 Melanie Cameron N/A
3 Amanda Taylor
4 Claire Rayner
5
6
7
8
9
10
11
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Corporate trustees names of the directors at the date the report was approved
Director name
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Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
TAR (SORP102) Saesneg Ion 2021
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
TAR (SORP102) Saesneg Ion 2021
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Stacey Cameron Position (eg Secretary, Committee Member Chair, etc) Date 24.9.24
TAR (SORP102) Saesneg Ion 2021
Management Report Cylch Meithrin Min Y Ddol For the year ended 31 March 2022 Prepared by J. Jervis Accounting Services
Contents
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3 Executive Summary
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4 Cash Summary
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5 Profit and Loss
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6 Balance Sheet
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7 Aged Receivables Summary
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8 Aged Payables Summary
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9 Trustees Report
Cylch Meithrin Min Y Ddol Page 2 of 9
Management Report
Executive Summary
Cylch Meithrin Min Y Ddol For the year ended 31 March 2022
| 2022 MAR 2021-FEB 2022 VARIANCE |
|
|---|---|
| Cash | |
| Cash received 70,970 76,421 -7% |
|
| Cash spent 48,479 47,494 2% |
|
| Cash surplus (deficit) 22,491 28,927 -22% |
|
| Closing bank balance 60,465 61,055 -1% Profitability |
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| Income 70,970 76,421 -7% |
|
| Direct costs 44,545 44,856 -1% |
|
| Gross profit (loss) 26,425 31,565 -16% |
|
| Other income - - - |
|
| Expenses 2,691 2,602 3% |
|
| Profit (loss) 23,734 28,962 -18% Balance Sheet |
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| Debtors - - - |
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| Creditors 4,743 910 421% |
|
| Net assets 45,473 49,897 -9% Sales |
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| Number of invoices issued 10 10 - |
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| Average value of invoices 2,977 2,923 2% Performance |
|
| Gross profit margin (%) 37 41 -10% |
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| Net profit margin (%) 33 38 -12% |
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| Return on investment (p.a.) (%) 52 58 -10% Position |
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| Average debtor days - - - |
|
| Average creditor days 39 7 425% |
|
| Short term cash forecast (4,743) (910) -421% |
|
| Current assets to liabilities 13 67 -81% |
|
| Term assets to liabilities - - - |
Cylch Meithrin Min Y Ddol Page 3 of 9
Management Report
Cash Summary
Cylch Meithrin Min Y Ddol For the year ended 31 March 2022
| For the year | ended 31 March 2022 | |||
|---|---|---|---|---|
| YEARLY | ||||
| 2022 | AVERAGE | VARIANCE | ||
| (YTD) | ||||
| Income | ||||
| Funding | 70,873 | 50,554 | 40% | |
| Other Revenue | 96 | 1,157 | -92% | |
| Total Income | 70,970 | 51,711 | 37% | |
| Less Expenses | ||||
| Audit & Accountancy Fees | 491 | 324 | 52% | |
| Bank Fees 45 Cost Of Goods Sold 3,820 Direct Expenses 516 Direct Wages 41,550 General Expenses 564 Pensions Costs 1,059 Rent 300 Repairs & Maintenance 111 Staff Training 23 Subscriptions - Total Expenses 48,479 FINAL |
- 643 381 34,928 126 781 900 - 60 120 38,263 |
- 494% 35% 19% 347% 36% -67% - -61% -100% 27% |
||
| Surplus (Deficit) | 22,491 | 13,448 | 67% | |
| Net Cash Movement | 22,491 | 13,448 | 67% | |
| Summary | ||||
| Opening Balance | 37,974 | 24,526 | 55% | |
| Plus Net Cash Movement | 22,491 | 13,448 | 67% | |
| Cash Balance | 60,465 | 37,974 | 59% |
Cylch Meithrin Min Y Ddol Page 4 of 9
Management Report
Profit and Loss
Cylch Meithrin Min Y Ddol For the year ended 31 March 2022
| Profit and Loss Cylch Meithrin Min Y Ddol For the year ended 31 March 2022 |
|||
|---|---|---|---|
| 2022 | MAR 2021-FEB 2022 |
YEAR TO DATE | |
| Trading Income | |||
| Funding | 70,873 | 76,325 | 70,873 |
| Other Revenue | 96 | 96 | 96 |
| Total Trading Income | 70,970 | 76,421 | 70,970 |
| Cost of Sales | |||
| Cost Of Goods Sold | 2,451 | 4,089 | 2,451 |
| Direct Expenses | 516 | 201 | 516 |
| Direct Wages | 41,578 | 40,566 | 41,578 |
| Total Cost of Sales 44,545 Gross Profit 26,425 Operating Expenses Audit & Accountancy Fees 492 Bank Fees 45 General Expenses 550 Pensions Costs 1,059 Rent 300 Repairs & Maintenance 222 Staff Training 23 Subscriptions - Total Operating Expenses 2,691 Net Profit 23,734 FINAL |
44,856 31,565 436 27 429 1,045 300 222 23 120 2,602 28,962 |
44,545 26,425 492 45 550 1,059 300 222 23 - 2,691 23,734 |
|
| Management Report Cylch Meithrin Min Y Ddol |
Page 5 of 9 |
Balance Sheet
Cylch Meithrin Min Y Ddol As at 31 March 2022
| Balance Sheet Cylch Meithrin Min Y Ddol As at 31 March 2022 |
Balance Sheet Cylch Meithrin Min Y Ddol As at 31 March 2022 |
|---|---|
| 31 MAR 2022 31 MAR 2021 |
|
| Assets | |
| Bank | |
| Cylch Cyfansawdd Cefn Mawr 56,946 34,435 |
|
| Cylch Meithrin Min Y Ddol 3,519 3,539 |
|
| Total Bank 60,465 37,974 |
|
| Total Assets 60,465 37,974 Liabilities |
|
| Current Liabilities |
|
| Accounts Payable 4,743 5,986 |
|
| Total Current Liabilities 4,743 5,986 Non-current Liabilities |
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| Loans From Directors (NCL) 10,248 10,248 |
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| Total Non-current Liabilities 10,248 10,248 |
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| Total Liabilities 14,991 16,235 |
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| Net Assets 45,473 21,740 Equity |
|
| Current Year Earnings 23,734 8,047 |
|
| Retained Earnings 21,740 13,693 |
|
| Total Equity 45,473 21,740 |
Cylch Meithrin Min Y Ddol Page 6 of 9
Management Report
Aged Receivables Summary Cylch Meithrin Min Y Ddol As at 31 March 2022 Ageing by due date
Cylch Meithrin Min Y Ddol Page 7 of 9
Management Report
Aged Payables Summary
Cylch Meithrin Min Y Ddol As at 31 March 2022 Ageing by due date
| CONTACT | CURRENT | < | 1 MONTH | 1 MONTH | 2 MONTHS | 3 MONTHS | OLDER | TOTAL |
|---|---|---|---|---|---|---|---|---|
| Aged Payables | ||||||||
| Avow | - | - | - | - | - | 3,446 | 3,446 | |
| Cool Milk | 7 | - | - | - | - | - | 7 | |
| Thorncliffe | ||||||||
| Building Supplies | - | - | - | - | - | 111 | 111 | |
| Ltd | ||||||||
| YPO | - | - | - | 65 | - | 1,114 | 1,179 | |
| Total Aged Payables Total Percentage of total |
7 - - 65 - 7 - - 65 - - - - - - FINAL |
4,671 4,671 - |
4,743 4,743 - |
Cylch Meithrin Min Y Ddol Page 8 of 9
Management Report
Trustees Report
Cylch Meithrin Min Y Ddol For the year ended 31 March 2022
1. Trustees
Cylch Meithrin Min Y Ddol Page 9 of 9
Management Report
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name Cylch Meithrin Min Y Ddol
21/22
1181862
On accounts for the year ended Charity no (if any) Set out on pages
(remember to include the page numbers of additional sheets)
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
[The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- Please delete the words in the brackets if they do not apply.
Signed:
1
Oct 2018
IER
Date: Name:
06/07/2024 Name: Jervis Accounting Services Relevant professional qualification(s) or body (if any): BA Hons Business and Accounting, AAT, CIMA, IAB Address: 37 Crogen Wrexham LL14 5BN
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER