CYLCH MEITHRIN ABERGELE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 HAROLD SMITH CHARTERED ACCOUNTANTS ST ASAPH & CRICCIETH CYLCH MEITHRIN ABERGELE CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Charity Address Cylch Meithrin Abergele Abergele LL22 7NU Attountants Harold Smith Unit 32 Llys Edmund Prys St Asaph Business Park Denbighshire LL17 OJA INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CYLYCH MEITHRIN ABERGELE We report on the accounts for the year ended 31 March 2024 Respective responsibilities of trustees and examiner The charity's Iruslees are responslbS8 for the preparation of Ihe accounts. The charitys trustees 11 is my responsibility to: examine the a￿OuntS under section 145 of the 2011 Act., lo follow the procedures laid down by Ihe general directions given by the Charity Commission under section 145(5){b} of the 2011 Act., and to state whether particular matters have come to my attention. Basis of independent examinef s report Our examination was carried out In accordance with the General Directions given by the Charity Independent examiner's statement In connection with our examination, no maller has com8 lo our attention.. 111 which gives us reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 130 of the 2011 Act.. and to p￿pare accounts which accord with the accounling records and to comply with the aGGounting requirements of the 2011 Act have not been met., or 121 lo which, in our opinion. attention should be drawn in order to enable a proper underslandlng Dated . Simon Murray-williams FCA for and on behalf of Harold Smith Chartered Accountants St. Asaph Business Park Denbighshire LL17 OJA CYLCH MEITRIN ABERGELE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 TOTAL note InGoming Resources Fees 112,999 Other Income 3,618 Welsh Gov grants 51,505 Total Income 168.122 Resources Expended Resources 7,432 Other Expenditure 150,558 Governance Costs 714 Totsl Expenditure 158,704 Net 9,418 CYLCH MEITHRIN ABERGELE BALANCE SHEET AS AT 31 MARCH 2024 2024 ASSETS: FIXED ASSETS: CURRENT ASSETS: Slock Cash at Bank Cash in Hand 28,541 28,541 LIABILITIES: CURRENT LIABILrriES: Trade Creditors Other Creditors 1,194 1,194 NET ASSETS: 27.347 CAPITAL & RESERVES (REPRESENTED BY): PROFITI{LOSS) IN THE YEAR: 9,418 CAPITAL BIF: 17,929 CAPITAL CIF.. 27,347 CYLCH MEITHRIN ABERGELE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 BASIS OF PREPARATION The accounts have been prepared in accordante wlth the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 july 2014 and with the Charities Act 2011. No changes to accounting estirnates have occurred in the reporting period13.46 FRS 102 SORPI. No material prior year error have been identified in the rèporting peliod {3.47 FRS 102 SORPI- NOTE 1 . ACCOUNTING POLICIES Recoanition of Incomlna resources These afe included in the Statement of Financial Activities ISOFAI when.. the charity becomes enlilled lo the resources., the trustees arg virtually certain they will receive the rèsources,. and the monetary value can be measured wth sufflcSent reliability. Incoming rosources with related expanditure Where incoming resour￿5 have related gxpendilure las wlh fundraising oi contract income) the incoming resources and related expenditure are r&ported gross in the SOFA. Grant5 and donations Grants and donations are only Sncluded in the SOFA when the charity has unconditional entit￿ment to the resources. Contractual Income and perfomiance relaled granty This is only included in the SOFA once the relatgd goods or services have been delivered. Llability recognition Liabilities are recognised as soon as there is a legal or constructive obligation commNtsng the charity lo pay out resources. Govemance costs Include costs of the preparation and examination of stalulory accounts, the costs of trustee meetings and cost of any legal advice lo trustees on governan￿ or constilulional matters. Grants wtth perfolmance Gondltlons Where the charity gives a grant with conditions for its payment btsing a specificlgvel of service or oulpul to be provided, such grants are only recognised in the SOFA onc% the reciplenl of the grant has provided the specified service or output. Grants payable wlthout performan¢e condltlons These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the (y)ntrol of the charity. Tangible fixed assets for use by charlty Fixed assets are slated al cost less accumulated depiecialion. Provision for depreciation of fixed assets he￿ for use by the charity Is made at annual rates calculated to spread the CDSI (less anticipated residual disposal value) of each asset evenly over Its expected useful life. CYLCH MEITHRIN ABERGELE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTE 2: ANALYSIS OF INCOMING RESOURCES G•noral MAR 2024 TOTAL Fees Fees Coucil Fees 41,004 71,995 41,004 71,995 112,999 112,999 other Income Clwb Y Morfa Fund Raising Mudiad Meilhrin DH WFRU Unity Tnjsl Donations Trips Amazon europe 1.297 189 1.000 550 49 100 411 23 1,297 189 1,000 550 49 100 411 23 3,618 3,618 Weslh Government Grants Welsh Govemment Grants 51,505 51,505 51,505 51.505 Total Income 168,122 168,122 CYLCH MEITHRIN ABERGELE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTE 3: ANALYSIS OF RESOURCES EXPENDED General MAR 2024 TOTAL Resources Resources 7,432.00 7.432.00 7.432 7.432 Other Ex enditure Bank Charges Salaries Nest Gardening and Paperwork Additional Hours PAYE Rent Sundries Milk Mobile Telephone Equipment Cleaning Computer Costs Donation Mudiad Meithrin Printing Trips Wort( Clothès Repairs CCBC ICO Renewal Ucheck 65 90,460 4.493 1,004 8,222 18.484 1.200 679 992 460 600 213 150 23 12,644 625 275 123 8,883 922 40 65 90,460 4,493 1,004 8,222 18,484 1.200 679 992 460 600 213 150 23 12,644 625 275 123 8,883 922 150.558 150.558 Governance Costs ACCOUNTANCY 714 714 714 714 CYLCH MEITHIN ABERGELE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTE 4: TANGIBLE FIXED ASSETS Flxture, fittlng5 & Equipment Motor Vehlcles Totsl Cost At 1st April 2022 Additions Al 31 sl March 2023 Deprecialon At 1 sl April 2022 Charge for the year At 31st March 2023 Net book value At 31st March 2022 At 31st March 2023 NOTE 5: RELATED PARTY TRANSACTIONS There are no related party Iransactions during the year.