## **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** **----- Start of picture text -----**
SORP reference
The cylch became a CIO in 2019 with
**----- End of picture text -----**
|**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
TAR (SORP102) Saesneg Ion 2021 **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
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
–
Corporate trustees names of the directors at the date the report was approved
Director name
**----- End of picture text -----**
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** - **3** Executive Summary - **4** Cash Summary - **5** Profit and Loss - **6** Balance Sheet - **7** Aged Receivables Summary - **8** Aged Payables Summary - **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**| ||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**
| ||Debtors
-
-
-
| ||Creditors
4,743
910
421%
| ||Net assets
45,473
49,897
-9%
**Sales**
| ||Number of invoices issued
10
10
-
| ||Average value of invoices
2,977
2,923
2%
**Performance**
| ||Gross profit margin (%)
37
41
-10%| ||Net profit margin (%)
33
38
-12%| ||Return on investment (p.a.) (%)
52
58
-10%
**Position**| ||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**
| ||Loans From Directors (NCL)
10,248
10,248
| ||**Total Non-current Liabilities**
**10,248**
**10,248**
| ||**Total Liabilities**
**14,991**
**16,235**
| |**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 - 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**