REGISTERED CHARITY NUMBER: 1189213 Re rt of the Trustees and Unaudited Financial Statement5 for the Year Ended 31st March 2025 for Ich Meithrin a fi a Fi Cwarter Bach Ashmole & Co Chartered Certified Accountants Castle House High Street Ammanford Carmarthenshire SA18 2NB
Ich Meithrin a Ti a Fi Cwarter Bach Content5 of the Financial Statements for the Year Ended 31st March 2025 Page Report of the Trustee5 Independent Examiner's Report ststement of Finantial Activities Balance Sheet Notes to the Financlal Statements 9 to 17
ch Meithrin a Ti a Fi rter Bach Re ort of the Trustees for the Year Ended 315t March 2025 The trustees present their report with the financial ststements of the charity for the year ended 315t March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Praetice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republrc of Ireland IFRS 1021 (effective l January 20191. The Trustees of Cylch Meithrin a Ti-a-fi Cwarter Bach present their annval report and accounts for the year ended 31st March 2025. and confirm they comply with the requiremenls of the Charities Act 2011. OBJECTIVES ANO ACTIVITIES Objetllves and alms The objective of Cylch Meithrin Cwarter Bach is to a{fvan the education of preschool children aged 2 years to 5 years in Cwarter Bath and surrounding areas. through the medium of the Welsh language in a friend and caring environment. Our Aims.. To develop children's concentration and listening skills. To encourage children's creativity and imagination. To help children to express their feelings. To help children develop a sense of achievement and confidence. To enable the child to interact with other children and adults. To help children become aware of the needs of others. To develop the child's hand eye co-ordination and manipulative skills. To encotjrage children to become independence and responsibility for their actions. To help the children develop their communication skills. To provide a safe learning environment, and above all. To have FUN...I Public benefit The trustees confirm that they have complied with their duty in section 17151 of the 2011 Charitie5 Act with regard to the Charity Commission's general guidance on public benefit when reviewing the Chariws aims and objectives in planning of future activities. Cylch Meithrin a tl 8 fi Cwarter bach has demonstrated that our aims are for public benefit through the provision of activities and evenls which have enabled children to attend earty years care and educational development in 3 safe environment. Page I
ch Meithrin a fi a K Cwarter Bath Report of the Trustees for theyear Ended 31st March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable artivities We are a high quality and friend Pre-school setting providing Care and Education, catering for children aged 2 - 5 years through the medium of Welsh. We follow the Earty childhood play, learning and care.. Development pathways O-3 curriculum focusing on pathway"Look at me now"12-3 yearsl. The setting is open.. Sessional care-. Monday to Thursday Moming 08.30am- 12.(K)pm, Aftemoon I3.0lS.30pm. Full Day Care: Tuesday & Wednesday 08.30am to 15.30pm The setting is registered with Care Inspectorate Wales to care for up to 17 children each session and we are registered with Childcare Offer Wales offering up to 30 funded childcare. If applicable, parent5/guardians can Claim tax free childcare through the Childcare Choices Scheme. We are open during Carmarthenshire County Council school tem) times only and are open on school inset training days. We are closed on all UK Bank Holidays. We offer a wide range of play activities, both inside and outside. that are planned and well supervised to promote progress in all areas of a child's learning and development as well as continuous provision offering variety of free choice learning experiences. We operate a Key Child/Practitioner system where our highly qualified nursery practitioners observe. asse55 8nd record each child's individual learning. development and progress on a continual basis. Our nursery practitioners also plan the next steps in each child's individual development through structured adult planned activities. Our Care Inspectorate Wales Childcare Inspection held on 23rd September 2023 where we received was P051tive feedback. The outcome of thi5 inspection was based on the following areas.. Wellbeing, Care and Development. Environment and Leadership and Management. The four main outcomes from an inspection are- Poor Adequate Good Excellent The inspection visiting our setting rated the Cylch as overall Good based on the individual areas inspected: WellbeinE- Good Care and Development- Good Environment- Good Leadership and Management- Good The inspector confirmed that the Cylch has robust Rtsk Assessments in place as well as a robust 5VStem for ensuring that all Policies, Procedures and Statements are regularty updated and are available for all interest parties. The setting has a clear focu5 on Health and Wellbeing (both physKal and nutritional understandingl as evidenced by staff following our daily routine. planr)ing stfuctured actNities, snack times and supporting the children in their play. The running of our setting continued to be supported by fvndraising events held throughout the year as well as donations and grant funding. Our prediction for the Summer Term shows some challenge5 due with a significant drop in children attending our setting and due to the high number of children transitioning to Ysgol Gynradd Brynamman. Page 2
¢h Metthrin a fi a Fi Cwarter Bach Re rt of the Trustee5 for the Year EThled 31st Mar¢h 2025 Ti-a-Fi Due to ongoing Staffing issues and a severe drop in attendance the Ti-a-fi will remain closed for the foreseeable future. FINANCIAL REVIEW Financial position Cylch Meithrin Cwarter Bach fees were significantly lower than predirted due to the low number of children attending the Cylch. Funding received from fees and Brant providers in the year was used to fund ongoing resources, children's daily snacks, Staff wages and any administrative costs. We were fortunate to re1ve 3 £898 Sustainability Grant from Carmarthenshire County Council, Family Inforrnation, Childcare and Play to help cover staffing costs. Fundraising continues to be difficult due to the current cost of living crisis. The children took part in a Sponsored Obstacle Course which raised £248. and a further £270.IK) was raised via our Christmas Raffle. All fundraising raised is used to purchase new resources and equipment for the children. Reseries policy The results for the year and the financial position of the Charitable Incorporated Organisation are PTesented in the financial statements on pages 7 to 16. The net incoming resouices of unrestricted funds for the year show a surplus of £845. At present the free reserves are £5,127. The trustees aim to retain sufficient reserves required to finance the day running costs of the Charitable Incorporated Organisation for the next twelve months. The adequacy of the reserves policy is reviewed 3nnually- FUTURE PLANS Cylch Meithrin Cwarter B3ch will continue to deliver childcare and education provision to children with emphasis on learning through play and we will work closely with the local school nursery to promote smooth transitions. The Cylch Meithrin is expected to be part of the Ftyire Start Phase 3 Expansion scheme which is due to enroll in June 2025. Much of the charity's work is ongoing and involves staff working within Welsh government guidelines and continuing to develop the quality-of-care provision STRUCTURE. GOVERNANCE AND MANAGEMENT Structure, Governance and Managernent The charity is controlled by its governing thcument. a deed of twst and constitutes an unincorporated charity. Page 3
ch Meithrin a fi a N Cwarter Bach Re rt of the Trustees for the Year Ended 3tst March 2025 Cylch Meithrin a Ti-a-fi Cwarter Bach is a Charitsble Incorporated Organisation run by a voluntary committee. The committee meets once during every term of the school calendar or more frequently if required. Our Annual General Meeting takes place during the Autumn Term following the end of the financial year. All Trustees give up their time freely and no remuneratM)n has been paid to any Tmstee during this financial period. In èddition to termly meetings. we also hokl staff meetings where our Person-in-charge will take recommendations back to the Trustee/Committee meetings for further discussion and approval. Our Person-in-charge 3150 presents up to date reports orh the day to day running of the Cylch induding child attendance numbers. Parental involvement in the da1 sessions at the Cylch remains indefinitely suspended and will be re-introduced when the Trustees/Staff feel it is safe to do 50. Our Person-in-Char8e continues to support Volunteers working at the Cylch Meithrin to complete their Childcare qualifications. At present we have one person completing volunteer hours within the Cylch. We continue to welcome parental involvement in all our fundraising events. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1189213 Principal address Neuadd Gynoeddus 8ryn3man Hall Street Brynaman Rhydaman SA18 ISF Trustees E J Thomas (resigned 19.3.251 l G Tonen (resigned 19.3.251 E L Morgan (resigned 19.3.251 N W Turner (appointed 19.3.251 L J james (appointed 19.3.251 J M Jones (appointed 19.3.251 G R Rees (appointed 2.4.251 Independent Examiner Ashmole & Co Chartered Certified Accountants Castle Hovse High Street Ammanford CaTmarthenshire SA18 2NB Page 4
Ich Melthrln a fi a Fi Cwarter Ba¢h Re rt of the Trustees forthe Year Ended 31st March 2025 Approved by order of the board of trustees on ................ . - and signed on its behalf by.. J M Jones- Trustee Page 5
Inde dent Examinerfs R Ich Meithrin a fi ort to the Trustees of Fi Cwarter Bach Independent examlner's report to the trustees of Cyl¢h Meithrin è fi a Fi Cwarter Bach I report to the charity trustees on my examination of the accounts of Cylch Meithrin a Ti a Fi Cwarter Bach Ithe Trust) for the year ended 31st March 2025. Responsibilities and basis Of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 Ilhe Act'l. I report in respett of my examination of the Trust's accounts caffied out under Settion 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respert- accountbng records were not kept in respect of the Trust as required by seCtn 130 of the Act; or the accounts do not accord with those records.. or the accounts do not comply with the applicable QuIrements concerning the form and content of accounts set out in the Charities IAcco¥Jnts and Reports) Regulations 2CKJ8 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. Vinal Patel Ashmole & Co Chartered Certified Accountants Castle House High Street Ammanford Carmarthenshire SA18 2NB Date.. ..3..1..l.to l..a. S Page 6
ch Metthrin a fi a R Cwarter Bach Statement of Financial Activities for the Year Ended 31st March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrirted fund Restfirted funds Notes INCOME AND ENDOWMENTSFROM Donations and legacie5 53 Charitsble activities Activities and Events 23,313 16.650 39,963 23,295 Total 23,313 16,650 39,963 23,348 EXPENDITURE ON Charitable actlvities Activities and Events Governance costs 22.581 16,537 39,118 25,391 1,146 Total 22,581 16,537 39,118 26,537 NET INCOME/{EXPENDITUREI 732 113 13.1891 RECONCILIATION OF FUNDS Total funds brought forward 3.976 306 4,282 7,471 TOTAL FUNDS CARRIED FORWARD 4,708 419 5,127 4.282 The notes form part of these financial statements Page 7
ch Meithrin a Ti a Fi Cwarter Bach Balance Sheet 31st Marth 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrirted fund Restricted funds Notes CURRENT ASSETS Debtors Cash at bank and in hand io 1,837 4,878 1,837 5.297 419 5,180 6,715 419 7,134 5,570 CREDITORS Amounts falling due within one year li 12.(KJ71 2,0071 11,288 NET CURRENT ASSETS 4,708 419 5,127 4,282 TOTAL ASSETS LESS CURRENT UABILITIES 4.708 419 5,127 4.282 NET ASSETS 4,708 419 5.127 4,282 FUNDS Unrestricted funds Restricted funds 12 4,708 419 3,976 306 TOTAL FUNDS 5,127 4,282 The financial statements were approved by the Board of Trustees and authorised for issue on - and were signed on its behalf by.. JMI - Trustee The notes form part of these financial statemer)ts Page 8
ch Melthrln a fi a ff Cwarter Bach Notes to the Financial Statements forthe Year Ended 31st Ma h 2025 ACCOUNTING POUCIES Basis of preparing the financial statements The financial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical c05t convention. Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it 15 probable that the income will be ceiVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure a5 sn as there 15 a legal or constructive obligation committing the char*ty to that expenditure. tt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has en classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use ot resources. Taxation The charity is exempt from tsx on its charitable actbvities. Fund accounting Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund included in the notes to the financial statements. Page 9 continued...
ch Meithrin a fi a Fl Cwarter Bach Notes to the Financial Statements- continued for the Year Ended 31st March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Don3tion5 53 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Artivity Artivities and Events Activities and Events Activities and Events Fundraising events Nursery fees received Grants 518 22,795 16,650 739 21,806 750 39,963 23,295 Grants received, included in the above. are as follows: 31.3.25 31.3.24 Sustainability Grant Childcare Offer for Wales Childcare and Early Years Small Grants Scheme 202412025 750 1,922 13,830 16.650 750 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 51 Support costs (see note 61 Totals Attivities and Events 22,351 16.767 39,118 Page 10 continved...
ch Meithrin a Ti a fi Cwarter Ba¢h Notes to the Financial Statements- continued for the Year Ended 31st March 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.25 31.3.24 Staff costs Professional costs Rent Snacks Training costs 21.290 75 603 383 21,522 114 837 282 389 22.351 23,144 SUPPORTCOSTS Governance costs Management Totals Activities and Events 15,597 1,170 16,767 Support costs, included in the above, are a5 follows: 31.3.25 Activities and Events 31.3.24 Total activities Insurance Telephone and Internet Sundries Equipment and repair costs Subscriptions and memberships Advertising Accountancy and legal fees 205 577 200 519 28 1.218 282 14.483 292 40 1.170 1,146 16,767 3,393 Page 11 continued...
ch Meithrin a fi a fi Cwarter Bach Notes to the Finèn¢ial Statements- continued forthe Year Ended 31st March 2025 TrUSTEES' REMUNERATION AND BENEFITS There were no tru5tees' remunerntion or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees, expense5 There were no trustees, expense5 paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries 21,2 21,522 21,2 21,522 The average monthly number of employees during the year was as follows= 31.3.25 31.3.24 Average number of employees No employees received emoluments in excess of £60.OCK). COMPARAMVES FOR THE STATEMENT OF FINANCIAI ACTIVITIES Unrestrirted fund Restricted funds Total funds INCOMEAND ENDOWMENTS FROM Donations and legacies 53 53 Charitable activities Activities and Events 22.545 750 23.295 Total 22.598 750 23,348 EXPENDITURE ON Charitable activities Activitie5 and Events Governance costs 21,714 1.146 3,677 25,391 1,146 Total 22.860 3.677 26.537 NET INCOMEIIEXPENOITUREI 12621 12,9271 13,1891 Page 12 continued...
ch Meithrin a fi a FJ Cwarter Bac Notes to the Financial Ststements- continued forihe Year Ended 31st March 2025 COMPARATIVES FOR THE STATEMENTOF FINANCIALACTIVITIES- continued Unrestricted fund Restricted funds Total funds RECONCILIATION OF FUNDS Total funLls brought forward 4.238 3,233 7,471 TOTAL FUNDS CARRIEO FORWARO 3,976 306 4,282 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors 1,837 390 11. CREDITORS: AMOUNfs FALUNG DUE WIThIN ONE YEAR 31.3.25 31.3.24 Taxation and social security Other creditors 837 1.170 208 1,080 2,007 1,288 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 3.976 732 4.708 Restricted funds Mudiad Meithrin Childcare and Early Years Small Grants Scheme 202412025 3( 12761 30 389 389 3C 113 419 TOTALFUNDS 4,282 5,127 Page 13 continued...
ch Meithrin a Ti a Fi Cvrdrter Bach Notes to the Financial 5tatement5- continued lor the Year Ended 31st March 2025 12. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 23.313 122,5811 732 Restricted funds Sustainability Grant Mudiad Meithrin Childcare Offer for Wales Childcare and Early Years Small Grants Scheme 202412025 18981 12761 11,9221 12761 1.922 13,830 113,4411 389 16.650 116.5371 113 TOTAL FUNDS 39.963 139,1181 845 Comparatives lor movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unre5trirted funds General fund 4,238 12621 3,976 Restricted funds Sustainability Grant Mudiad Meithrin 2,927 12.9271 306 3.233 12,9271 306 TOTAL FUNDS 7.471 13,1891 4,282 Page 14 continued...
h Meithrin a Ti a fi Cwarter Bach Notes to the Finanaal Statements- contlnued lor the Year Ended 3tst March 2025 12. MOVEMENT IN FUNDS. continued Comparative net movement in funds, included ir) the above are as follows= Incoming resources Resource5 expended Movement in funds Unrestrirted funds General fund 22.598 122.8601 12621 Restricted funds Sustainability Grant 750 13,6771 12,9271 TOTAL FUNOS 23.348 126.5371 13.1891 A current year 12 months and prior year 12 months combined postt¥)n is as follows- Net movement in fvnds At 31.3.25 At 1.4.23 Unrestricted funds General fund 4.238 470 4,708 Restricted funds Sustainability Grant Mvdiad Meithrin Childcare and Early Years Small Grants Scheme 202412025 2,927 12.9271 12761 30 389 3,233 12.8141 419 TOTAL FUNDS 7,471 12,3441 5,127 Page 15 continued...
ch Meithrin a fi a Fi Cwarter Bath Notes to the Financial Statements- continued fortheyeai Ended 31st March 2025 11 MOVEMENT IN FUNDS- conlinued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 45.911 145.4411 470 Restrirted funds Sustainability Grant Mudiad Meithrin Childcare Offer for Wales Childcare and Ehrly Years Small Grants Scheme 202412025 1.648 14,5751 12761 11,9221 12.9271 12761 1.922 13,830 113,4411 389 17,4CM) 120,2141 12.8141 TOTAL FUNDS 63.311 165,6551 12,3441 Sustalnabllity Brant fvnd A restrirted fund formed from a grant recewed from Carmarthenshire County Council to maintain the opening of the cylch. This has been &hieved by paying rent, wages and resources. Mudiad Meithrin fvnd - A restricted fund formed from a Brant received to re-op the fi-a-fi. This has been achieved by covering leaders wages. set UP Costs and U[ce5 suitable for babies and young children. Childcare Offer for Wales The Welsh Government's Childcare Offer provides eligible working parents of three- and four-year-olds with 30 hours a week of combined government-funded early education and childcare for up to 48 weeks of the year. Childcare and Earty Years Small Grants Scheme 202412025 - Grant funding for capital purchases for settings providing the Childcare Offer. Flying Start andlo r foundation learning places Page 16 continued...
Ich Meithrin a fi a Fi Cwarter Bach Notes to the Financial Statements- continued for the Year Ended 31st March 2025 13. RELATED PARfi DISCLOSURES There were no related party transactions for the year ended 31st March 2025. Page 17