Clwity registrdtion number.. 1193089 Cylch Meithrin Maes Y Morfa known as Cylch Meithrin Maes Y Morfa Annual Report and Financial Sthiemenis for Ihe Year Ended J l March 2024 DRP & Co Accountants Lhmiied Upper Floor 6, St Johns Lourt Llansamlet Swansea Wales SAO 8QQ
Cylch Meithrin Maes Y Morfa Contents (continued) Reference and Administrative Details Trnstees, Report 2to3 Siatemeni of Trugiees, Responsibilities Independent Examinerfs Report Siatemeni of Financial Activities Balance Sheet Noies to the Financial Staiemenls 81016
Cylch Meithrin Maes Y Morfa Reference and Administrative Details Trustees Mrs L Bracey Mrs K Farleigh Mr G Farleigb 1193089 Charliy Reglstrmtlon fiumber Principal Office 76. Stscey Road Cardiff Il'ales CF24 IDW Ind¢pend¢'nt Examiner DRP & Co Aceounianls Limii¢d Upper FI(r 6. Si Johns Couri Llansamlei Swansea Wales SA6 IIQQ Page I
Cylch Meithrin Maes Y Morfa Trustees, Report 'l-he tru8tees preseni the annual repon together with the financial siatrments of the charity for the year ended 31 March 2024. Objectives aThd attii'itie5 Objecis aims Ai Cylch Meithrin Maes y Morfa, we aim io educaie the children through ihe medium of Welsh. The childr¢n are sien ¢i'¢ry opportuniiy 10 ¢xplor¢. e.xperim¢ni and d¢v¢lop ih¢ir abilili¢s whilst they are inlrodllced through enhanc¢d and slwclur¢d play. th¢ se¥¢n ar¢a of learning. both in and ouidoors whilst adapting and enhancing our r¢sources daily. Il'¢ offer the cliildren support io becoin¢ ind¢pendeiit. confident. bilingual b¢ings. ObJeelive.%. ylrategies t7nd aLtivitie5 Our eommiiiee and managers ensure Ihai all sia(r are qualified or working iowards a suiiable qualilicaiion. in rder 10 provide a secure and happy environm¢ni. ri¢h in varieiy of rewarding and Larelully plAnn¢d experiences. ensuring ihai children are cared for in a safe. healihy w)silive enl'ironineni where children can learn, play, achieve and haTr'e fun in line w'iih Flying Siart. The Foundaiion Phase and sthndards set out by ihe Welsh Assembly liovemmeni. LIW. Mudiad Melihrin and our wlitL¢S and pro¢¢dures. Ptsbllc lJene]li All Lhildrcn re¥ardless of Iheir race, gender. faiih, religon or background are welcome 10 join the nursery. We pridc ourselles on enhic ncin¥ the children's skills such as lan#ua¥e and liieracy, social, creaiive. physical and emotional developmeni. Unce a week we carry oui a cooking aciiviiy wilh the children 10 encourage healihy eating and we encourage ihe parenis 10 join in so we are able 10 build a good rappon with Ihem and encourage ihe parenis io mirror ihe healihy eaiing approach ai home. The Iruslees confim) that they have complied with ihe requirements of seclion 17 of Ihe Charilies Aci 2011 10 have due regard to the public benefi¢ guidance published by ihe Chariiy Commission for England and Wales. Fln#nci#l revlew Policy reserves As a charily regisiered nursery, we are a non profil making nursery iherelore our financial budget is based around our operaiional costs, siatTing. resources and expenses. In an area of high unemploymenl, single parents and densely p)pulated. we have no reserves. il Ihere is any exce income il's speni on resources needed. Principalfunding.fource.% Principal source% of income are from th¢ lo¢al ¢oun¢il and Flying Stsrt re nursery fe¢s, Par¢nts a150 pay dire¢tly fi)r the nursery places. Structure. governance management Nature ojgoverning d(>cumeftf Constitution adopted Page 2
Cylch Meithrin Maes Y Morfa Trustees, Report {continued) RecrHiimen¢ appoiftlmeAI oftru.siee.¥ Membership of the Chariiy shall be open io.. l. io parents or guardians ofevery child who aiiends ihe Cylch Meiihrin, 2. parents or guardians 'bO have been elected members or olTJcers of the Committee although their children have lefi the Cylch Meiihrin any oihcr pcrsoD or body elected ai a General meeting. The annual report was approved by ihe trustees of ihe chariiy on 30 Sepiember 2024 and signed on its behalf by.. Mrs L Bra¢¢y Trustee Mr (i Farleigh Trustee Page 3
Cylch Meithrin Maes Y Morfa Statemenl of Trustees, Responsibilities 'l-he trustees are responsible for preparing the Inlee5. retwn and the fjnancial siaomenis in accordance with the United Kingdom Accountjng Standards Iuniied Kingdom tienerally Accepted Accounting Praclicel and applicable law and regulations. The law applicable io charities requires the Iru5tees to prepare financial slalemenls for each f]nancial year wl)ich yive a lrne and fair view of the stale of affairs of the charity and of the incoining resources and applicalion of resoLirces of the charity for that period. In preparing ihese financial siaiemenls. Ihe Injslees are required to.. seleci suitable accouniing policies and (hen apply ihem consisienily: observe the Meth( and principles in ihe Chariiies SORP- mak¢ judg¢m¢nls and ¢stimat¢s thal are r¢asonabl¢ and pwdent. SI71e wheiher applieable actounling siandards hai'e been followed. subjeci 10 any n)ateriAI departures diselosed and explained in Ihe financial siaiemenis- and prepare ihe financial siaiemenis on ihe going concern basis unless li is inappropriaie io presume Ihal ihe charity will continue in business. The Irusl¥c% are responsible for keeping proper accoun¢ing records Ihai disclose with rcasoi)able accuracy at any lime the financial position of the chaTily and enable them 10 ensure ihai the fin8ncio1 sipl¢n)ents coinply with ihe Lharilies Acl 2011, the Lharilies IAccounis and Reponsl Regulolions 2008. and the provisions of the consliiulion. The Iruslees aTe also resp)nsible for safeguarding the asws of Ihe charity and hence for taking reasonable sleps for Ihe preveniion and de¢eciion of frAud and oiher irreyularilies. The Irusi¢es are responsible for the maintenan¢¢ and iniegrily of the eorpordie and finan¢ial irtforniaiion inLliided on the ¢hariiable ¢ompany's websiie. Legislaiion byoN'erning ihe prepardlion and disseihinaiion of linancial slatenienls may diff¢r froni l¢¥islaiion in oiher jurisdi¢iions. Approved by the irusitts of Ihe chariiy on 30 September 2024 and signed on its behalf by.. Mrs L Bracey Trustee Nlr Farloi Trustee Page 4
Cylch Meithrin Maes Y Morfa Independent Examiner's Report lo the trustees of Cylch Meithrin Maes Y Morfa I report 10 the trustees on my examination of the accounts of Cylch Meithrin Maes Y Morfa for the year ended 31 March 2024. Respon5ibiliti¢5 and basis of report As tlie charity Irustees of Cylch Meithrin Maes Y Morfa you are resw)nsible for the preparation of the accounts in accordance wilh ihe requirements of ihe Chariiies Aci 2011 {'Ihe Aci'}. I repon in respeci of my examinaiion of ihe Cylch Meiihrin Maes Y Morfa's accounts carried out under section 145 01. the 2UI l Act and in carrying out my examinaiion I have followed all the applicable Direciions given by the Charity Commission under seciion 14515Mbi of ihe Act. Independent examiner's stattment I haN'¢ completed my ¢xaminaiion. I confirni that no malerial mall¢rs have come to my attention in connection with the exan)inaiion bFiving me cal¢ 10 believe ihai in any malerial r¢spe¢i= l. aceouniing records were noi kept in respeci of Cylch Meiihrin Maes Y Morfa as required by sec1ion 130 of Ihe Aci,. or 2. Ihe accounts do noi accord with ihose records. or 3. Ihe accounis do not comply with the accounting requirements concerning Ihe forni and con¢ent of accounls sel oui in Ihe Lharilies IAccounis and RerxTrns) Regulaiions 2008 other Ihan any requireineni thai the accounis ¥ive a 'lrue and fair view. which is noi a mailer considered as pari of an independenl examination. I have no concems and have come across no other mailers in eonneciion with the exaininaiion 10 whieh aiieniion shoLild be drawn in this report in order 10 enable a proper undersianding of ihe accounis 10 be reaehed. d-7co Nia Price ICAEW Upper Floor 6, Si Johns Court Llansainlel Swansea Waleb SA6 8QQ 30 September 2024 Page 5
Cylch Meithrin Maes Y Morfa Statemenl of Financial Activities for the Year Ended 31 Mareh 2024 Unrestricted runds Total 2024 Income Endowments from: Other trading actlvilies 78,219 78,219 Total income 78.219 78.219 ExpL'nditurL' on: Raibing funds Chariiable aciiviiies (.$8,597) {Y.77X} (58,597) IY.77511 Total expenditure Net income 168.3751 168,3751 9.844 9.844 Net movement in funds Y.¥44 9.844 RLcancili4tion of funds Toittl ILind5 brou&yhi fon¥ard 32.219 32.219 Toial funds ¢arrieil forward 12 42,063 42.063 l-oial 2023 UnrL•4tricted funds Income Endowmenis from: Uiher trading activities 21,369 21,369 Total income 21,369 21,369 F.xpenditure on: Raibiny funds Q harilable acllvities 111.244) 1573) 111,244) 1573) Total expenditure Net incom¢ 9.552 9.5.$2 Net niovement in funds 9.552 9,5.$2 Reconcili*tion of fund5 Total lunds brought forward 22,668 22.668 Total tunds carried forward 12 32,220 32,220 All of the charity's activilies detive from continuing operdtions during the above two period5. The funds breakdo for 2023 15 shown in note 12. The notes on pages 8 to 16 forn] an integrdl part of these flljancial statements. Page 6
Cylch Meithrin Maes Y Morfa (Registration number: 1193089) Balance Sheet as at 31 Illarch 2024 2024 2023 ]4ote Current a55et$ Debtors 7.381 37,343 4.0.57 28.762 Cash at bank and in hand 44.724 32.819 Creditors: Amount5 falling due within onc vesr 10 185.5) Total 85sets le$5 current liabilities 43.869 32.820 Creditor5: Amount5 f4lling due after more ¢h4n one vear {1.806) 1600) Net 495ets 42.116J 32.220 unds of the ehArlty: Unre5trlctc.d Income funds Unresiricied funds 42.IK)3 32.220 Total funds 12 42,1163 32.220 The fJnan¢i81 siatemenis ort paBe$ 6 10 16 were approved by th¢ irusiees, and auihorisel for issue on 30 Sept¢illb¢r 2024 and signed on their behalf by.. Mrs L Bracey Trustee Mr (J Farlci Trustee The notes on pages 8 to 16 forn] an integrdl part of these flljancial statements. Page 7
Cylch Meithrin Maes Y Morfa Notes to the Financial Statemenls for the Year Ended 31 March 2024 l AccouDtiDg policie5 Statement ofcompliance Tl)e linancial slaien)enls have been prepared in accordance with the second edition of the Charilies Stalernenl of Recomn)ended Practice issued in October 2019. Ihe Financial Reporting Standard applicabl¢ in the Uniled Kingydom and Republic of Ireland IFRS 1021 and the Charilies Aci 2011. Ba8is ol. preparation Cylch Meithrin Maes Y Morfa meets ihe definition of a public benefii enlily under FRS 102. Tl)e accounls (fin¢1al slai¢m¢nlsl ha.¢ b¢¢n pr¢par¢d under ihe hislorical cosi conk¢niion with ileins r¢co&rnis¢d al cosl or transaction valu¢ unless oth¢nvise staled in the r¢l¢vani noie(s} io ihese accounts. Cvoing conc<rn Tl)e Irustees consideT ihai ihere are no malerial uncenainties at¥)ui the charity's abilily io continue as a ¥oing concern. Income And tndowments Expenditure All expcndiiure is re¢o¥nised once ihere is a legal or consirucii¥e obli¥aiion io ihai expcndilure, li is probable seitlemeni is reqLiired and the amouni can be measured reliably. All cosis are all(Kaied 10 Ihe applicable cxpendiiure hcading ihat ag8regaie similar cosis io thai caiegory. Where costs cannoi be direcily aiiribuied io panicular headInS ihey haTr'e been all(Éaied on a basis consisieni w'iih ihe use or resources, widi ceniral siaff costs allocaicd on the basi5 of lime speni. and depreciaiion charges all(Kaied on Ihe poriion of ihe as5ei'5 use. Oiher support cosis are allocaied based on ihe spread of costs. R4i.IlllRfund.¥ These are costs incurred in aiirdcling voluntary income, Ihe managemeni of invesunents and ihose incurred in trading activilies tha¢ raise funds. Support Costs Siipport cosls include cenlral funciions and hai'e been alliKaied 10 aciiviiy Cobi categories on a babis consislenl with the use of resources, for example. allocating property costs by floor areas. or per capith. staff cosls by ihe time spent and other costs by Iheir usage. GoVeranCe cost5 These include the cosis atiribulable 10 ¢he chariiy's compliance with consiiiutional and siatulory requirements. including audit. siraiegic management and Iruslees meeiings and reimbursed expenses. Taxation The charity is considered to pass the iesis set out in Parawph I Schedule 6 of the Finance Aci 2010 and therefore it meet5. the definition of a chariiable company for UK tOTporaiion tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received .]thin caiebFories covered by Chapter 3 Pan I l of the Corpordiion Tax Aci 2010 or Seciion 256 of the Taxa¢ion of Chargeable Gains Act 1992. to the exieni ihai such income or gains are applied exclusively io charitsble purposes. Page 8
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Trade debtor5 Trade debtors are amounts due from cuslomers for merchandise sold or services perfom)ed in ihe ordinary course ofbusiness. Trade debiors are recognised iniiially at ihe iransaciion price. They are subsequenily measured ai amortised cost Ubing the elfeciive intere51 method. less provision for impaimleni. A pro%'ision for Ihe impaiTn)enl tsl. Iiade debtor5 is established when Ihere is objeeiive e%'idence ihai the charily w'ill not be able io collect all ainounts due according 10 (he original temjs of the receivables. Cash and cash equii'alents Cash and cash eqiiii'alenls comprise cash on hand and call deposits. and oiher short-terni highly liquid investments that are readily Convertible io a known amouni of cash and are subjeei 10 an insigniflcani risk of change in value. Borrowings ln1erest-bel ring bomwings are initially recorded ai fair value. nei of irdnsaciion costs. Inieresi-bearing borrowinus are subsequently carried ai amortised cosi. with the differenee beiween Il)e proceeds, nei of IranstiLtion ¢obls. and the amoiini due on redenipiion being re¢ognised as a charg¢ io Il)¢ Siaieinenl of FinAnci81 A¢tivi(ies over ihe period of the relevani borrowing. Inlerest expense 15 r¢¢ognis¢d on the basis of the eff¢¢iive inieresl mdhod and is in¢luded in inter¢sl payable And similar ehar8es. Borrowings are ¢lassified as ¢urr¢nl liabilities unless ihe ¢harily has an urt¢ondilional righi 10 defer seiileineni of the liability lor 81 least twelve m(Fnihs after the reporting da*. Fund structure Unreslricied income funds aTe general funds thal are avail¥ble for use at the trustees discretion in furtherance of th¢ objeciives of the charity. Flnanclal Inytrumenty Classijicaiivn Financial assets and financial liabililies are recognised when the charity becomes a party lo the conlraclual provisions of the instrument. inancial liabilities and equity instrum¢nts are Classifled according lo ih¢ substan¢¢ of th¢ ¢ontractual arrangements entered into. An equity inslrnment is any ¢imtract ihal ei'idences a r¢sidual interesl in ihe assets of the charity after deducting all of its liabilities. Page 9
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Recogmiliom fftea.¥Mreffte•Jt All tinancial assets and liabilities are initially measured ai irdnsaction price (including transaction costs), except for those financial asseis classified as at fair value ihrough profit or loss. which are initially measured ai fair alue Iw'hich is nom311y the iransaciion price excluding trjnsaciion costs). unless ihe arrangemeni consiitules a financing transaction. If an arrangejnent consiiiuies a fi¢1g iransaciion. the financial assei or financial liability is nieasured ai the preseni value of the tre payinents discounted ai a maTket rale of interesi for a imilar debi iDStruJnenl. Financial assets and liabilities are onlv off8ei in ihe siatemenl of financial position when, and only when Ihere exiqis a legally entorceable righi io 8ei otT ihe recognised amounts and ihe chariiy intends eiiher io seiile on a nei basis, or to realise ihe assel and sthile the liabiliiy simulwieously. binancial assei.s are derecognised when and only when al Ihe conirJciual righis io ihe cash floivs fToni ihe tinancial asset expire or arc settled. bl Ihc chariiy iransfers 10 anoihcr pany subqlaniially all of ihc ri%k8 and rewards of ownership of ¢he financial assei, or cl Ihc charity, despiie haKing retsincd somc, bui noi all, significant risks and rewards of ownership. has iransferred control of Ihe assei io another pany. Financial liabiliiies are derecognised only when ihe obligaiion specified in the contract is discharged, cancelled or expires. Page 10
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Debt ln.f1rue1.1 Debt instruments which meet the following conditions are subsequenily mrdsured ai amortised cost using the effeciive interesi meth(Kl.. lal The contraciual return 10 the holder is lil a fixed nOut. lill a positive fjxed fdte or a w)sitive variable rate,. r lili) a combination of a positive or a negati¢ fjxed rdle and a positive variable rale. Ibl -I'he coniraci niay provide for rcpaymenis of the principal OT ihe rcium 10 thc holder Ibut not both) io be linked 10 a single relevani observablc index of gcncral price inflaiion of the currcncy in which the debt inqtrumeni is denominated, provided such links are no¢ leveraged. Icl The contract may provide for a detem)inoble varialion of the reiurn to the holder during the life of the inslruinenl, provided Ihai lil Ihe new rdie saiisfies condiiion {al ond ihe variation is noi contingent on future cvenlq other Ihan I I l a changc of a con¢raciual arIable r4ic,'121 io proicci ¢hc holdcr againsi crcdii deicrioralion f the iqsuer; (Jl changes in Icvies applied by a ceniTal bank or arising from changcq in relcvani iaxalion or law; or lill Ihe new rate is a markei rale of inierest and saiisfies condiiion la). Idl There is no coniTaciual provision ihai could, by lis iemis, resuli in ihe holder losing Ihe principal wnounl or any interesi aiiribuiable 10 ihe curreni period or prior periods. lel Lonlraciual provisions ihai pem)i¢ Ihe issuer io prepay a debi insNmeni or pem)ii ihe holder 10 pui li back io Ihe i¥suer before mcllurily ore noi coniingeni on fu¢ure evenis. other Ihan 10 proteci the holder againsi Ilie credit d¥icriorcltion ol. Ihe ibsuer or a change in conirol of ihe issuer, or 10 proieci Ihe holder or issuer againbi clianges in levies applied by a central bank or arisin8 from changes in relevani iaxation or law. If) ConlraLtual provisions may pem)ii the exlension of Ihe ierni of the debi insiruinenl, provided Ihal Ihe relurn lo Ihe holder and any other coniraciual provisions applicable during ihe extended iem) saiisfy the conditions of paragraphs lal io Icl. Debi instruments that are classified as payable or receiN'able 1th1n one year on inilial recognition and which meei the above conditions are measured ai Ihe undiscounied amouni of Ihe cash or oiher conbideraiion expeLied to be paid or received, nei of impaimient. With the exception of some hedging insirumenls, other debi insirumenls noi meeting Ihese conditions are meabured ai fair value through profil or loss. Commitments 10 make and receive loans which meet ihe condiiions menlioned atK)ve are meabured at cost IwhiLh may be nil) lebs impaimieni. Inveslments Invesltnenls in non-convertible preference shares and non-putlable ordinary or preference shares {ere shares are publicly traded or their fair alUe is reliably measurable) are measured ai fair value through profil or loss. Where fair alUe cannot be measured reliably, investments are measured at cosL less impaimienl. Investments in subsidiaries and aSslateS are mrdsured at ¢ost le$5 impaimienl. For investments in subsidiari¢s acquired for consideration including the issue of shares qualifying for merger relief, cosi is measured by reference to the nominal value of the shares issued plus fair i'alue of other consideration. Any premium is ignored. Pagell
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) DerivaiivefiHan¢i41 in.firHmenLS The charity uses derivative financial instwments io reduce exry)sure io foreign exchange risk and interest raie movements. The charity does noi hold or issue derialive financial instruments for speculaiive purposes. Derivatjves are lllltially recognised ai fair i'alue ai the dale a derii'aiive conlrdci is entered into and are siibscquently retneasured io their fair i'alue ai each rewning dale. The resulting gain or loss is recognised in iatenicni of financial activilics imjnediaicly unle%s ihe dcriiaiive is designated and cffeclive as a hedging inqtruinenl, in which ei'cni the liming of ihe recognition in alement of financial activities depends on the naiure of ihc hcdgc rclaiionship. Fair vulme mea.iuremenl Tl)¢ bes1 eNidence of fair value is a quolcd pric¢ for an id¢nii¢al asset in an #¢tiv¢ mark¢l. When quoted pric¢g are [inaalIable. th¢ pri¢¢ of a r¢¢¢ni transaclion for an id¢niical ass¢1 provid¢s e%'id¢nce of fair value as lonbr as there has noi been a signiflcani change in economic circuinslanc¢s or a si&nifi¢ani laps¢ of linie sin¢¢ ihe IransaLtion look pla¢¢. If the market is noi a¢iii'¢ and reeenl ifdnsaclions of an idenlical ags¢i on Iheir ()w'ii are noi a brood ¢s1imai¢ of fair vAlue. the fair value is estimaicd by using a valuation ie¢hnique. 2 IneomL. from other triding acilvltics Unrestrlctcd fuNd5 Gcncr81 Tol81 funds Uiher income from other Irdding aciivilies 64,$98 64..SYII Total for 2024 64.59 64,Sy8 Total for 2023 21,369 21,369 3 Expenditure raising furtds I Costs of trading actiYitie5 Unre51rictcd fund5 Gcneral Total funds Note Costs of goods sold Other direct cost5 of activities for 8enera(iDg fund5 Allocated support costs 5.774 2.734 1.206 5.774 2.734 1.206 Total for 2024 9.714 9.714 Total for 2023 600 6(K) Page 12
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Total costs 4 Expenditure on ¢haritabl¢ artivities Unresiricted funds Ceneral Tot41 runds Note Governance eosls 9.778 9.778 Total for 2023 573 573 Total oxpendlturL l Analygls of goytrnancc and 511PPOrt <osts Governance costs Unre51riclcd fund5 Gi'ni'ral Tulal runds Oiher gol'emance costs 9.7711 9.778 Total for 2024 Y.77 ().778 Total for 2023 573 573 6 Stgff cost5 The dregate payroll COS15 were as follows: 2024 2023 Staff cost5 duriDg the year were: Wages and salaries Social s¢curity costs Pension costs 47,864 10,039 355 250 -019 48.883 10,644 The monthly ai'erage number of persons lincluding senior managemeni I Iwadership team) employed by the charity during ihe year expressed as full lime equivalenis was as follows= Page 13
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 2024 2023 Staff 412023 - 31 of the aEM)ve employees participaied in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year Loialled £1,019 {2023- £250}. No employee received emolumenis of more ihan £60.(MM) during the year Page 14
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 7 Taxatio The charity is a registered chariiy and is iherefore exempi from thxation. 8 DL.btor5 2024 2023 Other debtors 7.3111 4.047 9 Cash and cash equivalents 2024 2023 Lash ai bank Uiher cash and cash equivalenis 37.309 34 28.728 34 37.343 28.762 IU Creditors: amounts falllng due w'ithln vear 2024 2023 Uiher iaxalion and social securiiy Uiher creditors Pension scheme erediior 468 19 36 855 I I Credltors: amounts falllng du¢ aftcr on¢ >'car 2024 2023 Accruals 1.806 600 12 Funds Balance al t April 2023 IneomiDg re50urce5 Resources eXpeded Balate at 31 March 2024 Unrestricted fund5 General 32,219 711.219 168.3751 42.063 Page 15
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Balance al I April 2022 Incoming resources Resources expended Bal4n¢e at 31 .March 2U13 UThrestricted fuThds General 22.668 21.369 32.220 13 AnAlysls of net funds At l April 2023 At 31 MArch 2U24 Cash ai bank and in hand 28,762 28.762 N¢t debi 28,762 At l Aprll 2022 28,762 Al 31 March 21123 ash ai bank and in hand 22.731 22.731 Net debi 22.731 22,731 Page 16
Cylch Meithrin Maes Y Morfa Statemenl of Financial Activities by fund for the Year Ended 31 March 2024 Total Total Unresiricted Unrestricted Funds Funds 2024 2023 Income F.ndowments from: Other trading activities 78.219 21.369 Total in¢otn¢ 78.219 21.369 ExpendliurLI on: Raising funds Lhariiable aciiviiies 158,5971 19.77¥1 (11.244) 157J} Total expenditure (68.3751 Net income 9.844 41.552 Net moNemeni in funds 9.1144 9.552 Ri'concillation or runds '] oial lund5' brou&yht lorward Toial tunds carried forward 32.219 22.668 42,U63 32.220 This page does not forn] part of the statutory fillancial statements. Page 17
Cylch Meithrin Maes Y Morfa Detailed Statemenl of Financial Aetivities for the Year Ended 31 March 2024 Total 2024 Total 2023 Income Endowmenls from: Other trading actlvilies {analy5ed below) 78,219 21,369 Total income 78.219 21.369 ExpL'nditurL' on: Raibing funds lanalysed below} Chariiable aciiviiies lanalysed below) Total expenditure Net income 158.597) IY.7781 (11,244) 1573} 108,375) 9.X44 9.5.52 Net movement in funds 9.844 91,552 RLcancili4tion of funds Toittl ILind5 brou&yhi fon¥ard 32.219 22.668 Toial funds ¢ale forward 42,063 32.220 This page does not forn] part of the statutory fillancial statements. Page 18
Cylch Meithrin Maes Y Morfa Detailed Statemenl of Financial Aetivities for the Year Ended 31 March 2024 (continued) Totgl 2024 Total 21123 Oiher trading activities UK Gul'ernmenl granis Grants- oih¢r ag¢n¢ies F¢¢s and supplies 45.120 19.478 13.621 15.521 5.S48 78.219 21.369 Materials Direct Costs Renl Wag)es and salaries Siall'NIC (Employers Sittll. pensions (Defined coniribulionl - pension s¢hem¢ I Aicounlancy lees {737) {5.(137) (2.734) 147,864) 110.039) 13551 1250} 16001 {l.U19} {1 ?06) 158,597 111,244 Charliuhle d<'ilvliie.I Libihi, lilai and p(Iwer Repairs and renewals Telephone and fax Trade SubrIptIOnS Cleanin¥ Motor expenses Bank char8es {3.373) {3.197) 1117) 190) 12.66V) 1350) 121 1559} {14 19.778) 1573} This page does not forn] part of the statutory fillancial statements. Page 19