TRUSTEFg ANNUAL REPORT / ADRODDIAD BI.YNYDDOL YR YMDDIRIEDOLWYR Cylch Meithrin FfLJStiniog Financial Year / Blwyddyn Ariannol: 01 April 2022- 31 March 2023 l. Reference and Administrative Details / Manylion Cyfeiriadol Charity name / Enw'r elusen: Cylch Mcithrin Ffestiniog Chanty number / Rhifcofrestredig: 1190084 Principal address / Cyfeiriad: Clwb Chwaraeon Ffestinio& Ffordd Heulo& Llan Ffestinio& Gwynedd LL414ND Trustees during 2022/23 / Ymddiriedolwyryn 2022/23: Manon Roberts Morris (Chair / Cadeirydd) Zoe Pritchard (Treasurer / Trysorydd) Catrin Davies (Trustee / Ymddiriedolwraig) 2. Structure, Governance and Management / Stnvythur, Llywodraethu a Rheolaeth The charity is a Charitable Incorporated Organisatson (CIO) operating under a Foundation Model constitution. The trustees are also the members ofthe CIO and are responsible for the strategic direction, financial oversight and governance of the charity. Mae'r elusen yn CIO (Sefydliad Elusennol Corfforedig) ac yn gweithredu o dan Gyfansoddiad Model Sylfaen. Yr ymddiriedolwyr yw aelodau'r CIO ac maent yn gyfrifol am gyfeiriad strategol, goruchwyliaeth ariannol a Ilywodraethu'r elusen. There were no changes to the trustees during the year. Ni fu unrhyw newidiadau i'rymddiriedolwyr yn ystod y flwyddyn. 3. Objectives and Activities / Amcanion a Gweitligareddau The object of the charity is to provide high-quality Welsh-lnedium earlyyears education and childcare for pre-school childi'en in tlie local community. Amcan yr elusen yw darparu addysg feithrin a gofal plant o ansawdd uchel drwy gyfrwng y Gymraeg i blant cyn-ysgol yn y gymuned leol. The Cylch operates Monday to Friday during terni time, providing Foundation Phase nursery education and childcare in line with Care Inspectorate Wales and local authority requirements. Mae'r Cylch yn gweithredu o ddydd Llun i ddydd Gwener yn ystod y tymorysgol, gan ddarparu addysg feithrin Cyfnod Sylfaen a gofal plant yn unol a gofynion ArolY￿'aeth Gofal Cymru a'r awdurdod Ileol. 4. Achievements and Performance / Cyflawniadau a Pherfformiad During 2022/23 the charity focused on stabilising staffing, maintaining high-quality provision and completing significant capital improvement works. Yn ystod 2022/23, canolbwyntiodd yr elusen ar sefydlogi staffio, cynnal darpanaeth o safon uchel a chwblhau gwaith cyfalaf sylweddol. A new Leader was appointed during the year, strengthening operational leadership within the setting. Penodwyd Arweinydd newydd yn ystod y flwyddyn, gan gryfhau arweinyddiaeth weithredol y Cylch. 5. Financial Review (Receipts and Payments) / Adolygiad Ariannol (Derbyniadau a Thaliadau) The accounts for the year have been prepared on a receipts and payments basis. Paratowyd cyfrifon y flwyddyn ar sail derbyniadau a thaliadau. Opening bank balance at l April 2022: £21,292.75 Balans banc agoriadol ar l Ebrill 2022: £21,292.75 Total receipts during the year: £42,802 Cyfanswm derbyniadau yn ystod y flwyddyn: £42,802 Total payments during the year: £47,137 Cyfanswm taliadau yn ystod y flwyddyn: £47,137 Closing bank balance at 31 March 2023: £16,957.63 Balans banc terfynol ar 31 Mawrth 2023: £16.957.63 Capital Grant During the year the charity fully spent the £10,000 capital grant awarded in the previous financial year. The total cost of the project exceeded the grant amount and the additional expenditure was met from the charity's unrestricted funds. Yn ystod y flwyddyn gwariodd yr elusen yn Ilawn y grant cyfalafo £10,000 a ddyfarnwyd yn y flwyddyn ariannol flaenorol. Roedd cost derfynol y prosiect yn fwy na'r grant, a thalwyd y gwariant ychwanegol o gronfeydd anghyfyngedig yr elusen. 6. Reserves Policy / Polisi Cronfeydd Wrth Gefn The trustees aim to maintain sufficient reserves to ensure the ongoing sustainability of the provision and to manage unforeseen expenditure. Mae'r ymddiriedolwyr yn ceisio cynnal cronfeydd digonol er mwyn sicrhau cynaliadwyedd parhaus y ddarpariaeth a rheoli gwariant annisgwyl. 7. Risk Management / Rheoli Risg The trustees actively review risks including staffing, financial sustainability, regulatory compliance and operational continuity. Mae'r ymddiriedolwyr yn adolygu risgiau yn rheolaidd gan gynnwys staffio, cynaliadwyedd ariannol, cydymffurfiaeth reoleiddiol a pharhad gweithredol. 8. Plans for Fiiturc PLriods / Cyiilliiniau ar gyfcr y r)yfodol Tlie charity will cnnlinue to l)Iilld 011 the iniprovement.s made during the year, embed the Iiew leadersliip arrangenicnts and Inaintain Iiigh standards of Wclsh-mcdium early years provisioii. Bydd yr elusen yn parhau i adeiladu ar y gwelliannau a wnaed yn ystod y flwyddyn, gwreiddio'r trefniadau arweinyddiaeth ncwydd a chynnal safonau uchel o ddarpariaeth blynyddoedd cynnar drwy gyfNng y Gymr,ieg. 9. Public Benefit Statement / Datganiad Budd Cyhoeddus The trustees confirn] that they have had regard to the Charity Commission's guidance on public benefiL Mae'r ymddiriedolwyr yn cadarnhau eu bod wedi ystyried canllawiau'r Comisiwn Elusennau ar fudd cyhoeddus. 10. Trustees, Approval / Cymeradwyaeth yr Ymddiriedolwyr This report was approved by the Trustees of Cylch Meithrin Ffestiniog. Llofnod / Signature: Zoe Pritchard - Trustee Signed on behalf of all the trustees after agreement of the trustees: Manon Roberts-morris Catrin Davies. Date: 10 ol 20 CHARITY COMMISSION FOR ENGLANO ANO WALES Cylch Melthrin Ffestiniog Recei tsand nts accourrts CC16a perK•d To Section A Receipts and payments A1 Receipts 28.9101 X1 7x9 350, FuTrSrasKYJ Fees 6ei &1531 6.153 101 Total receipts 42.￿2 A3 Paymerrts 29,7011 1,622 29.rn 1 31 Premses Bank charges F(xxJ and Drmk ProfessK>nal fees Equipment materrats & resources Repairs and renwdls Loan repayment Fee refvrKIs Capitsl vths Insurance Mobile Phone 151 9201 702 160 4.21 1.x41 7Q21 1.6131 ol 3,667 125 131 10.Cts) 116671 125 Total payments 37.137 10.C 47.137 143 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 1&958 Section B Statement of assets and liabilities at the end of the period 5,665 10,000) L15 11.293 16,958 10.000 21, Unrestrlcted Re8trlcted Endowment funds fundg funds to nearest £ to neare8t £ to nearmt £ 16,958 Categorles Details B1 Cash funds Currenl S8vings Cash Total cash funds 16,958 Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest £ to nearest £ Details B2 Other monetary assets Fund to whlch asset belongs Cost (optional) Current value (optional) Details B3 Investment assets Fund to whlch asset belongs Cost (optional) Current value (optional) Details B4 Assets retained for the charity's own use Fund to which Amount due liability relates (optional) When due (optsonal) Details BS Liabilities Funds Movement Schedule Opening Balance to the nearest Additions In ear to the nearest Payments In ear to the nearest Cross Transfer to the nearest Closing Balance to the nearest Restricted Funds Childcare for Wales Ca ital Grant 10,000 10,000 Unrestricted Funds Totsl Funds 11,293 21,293 42,802 42,802 37,137 47,137 16,958 16,958 CIO Guarantees and Secured Debts The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of th.e CIO. Related party transactions There were no transactions between the charity and Its trustees or other connected persons Trustee expenses No remuneration was paid to the trustees, nor were any expenses reimbursed to them during the year to 3113123 (2022. NIL) Childcare for Wales Capital Grant For building work carried out In 2022123. Conflicts of interest There were no conflicts of interest in the year. APPROVAL OF TRUSTEES This report was approved by the Trustees of Cylch Meithrin Ffestiniog. Signature: Zoe Pritchard - Trustee Signed on behalf f all the trustees after agreement of the trustees: Manon Roberts-morris Catrin Davies. Date: 202 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/ members of** Cylch Meithrin Ffestiniog **On accounts for the** Year ended 31/3/2023 **Charity no period (if any)** 119084 I report to the trustees on my examination of the accounts of the above **Responsibilities and** charity for the period to **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 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. The accounts have been prepared on a Receipts and Payments basis in accordance with section 133 of the act. **Independent** I confirm that I have the requisite skills and experience to conduct the **examiner's statement** Independent Examination for this charity to the standards required as set out in Appendix 5 of CC32. Although retired from practice as an accountant and as a member of a listed professional accountancy body, I continue to conduct a number of examinations on a voluntary basis every year. I also confirm that I am independent of the charity as set out in Direction 2 of CC32. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: • accounting records were not kept in accordance with section 130 of the Act or • the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Date:** 11/1/2026 **Signed: Name:** Andy Moore **Address:** Blaenpentre, Swyddffynnon, Ystrad Meurig, SY25 6AW