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 si￿en ¢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 In￿lee5. 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.
SI￿71e 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 headIn￿S 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.
GoVer￿anCe 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￿￿￿¢1￿g iransaciion. the financial assei or financial
liability is nieasured ai the preseni value of the ￿t￿re 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.f1ru￿e￿1.1
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 ￿nOu￿t. 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 aSs￿lateS 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 deri￿alive 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 [ina￿alIable. 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 d￿regate 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
eXpe￿ded
Bala￿te 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 ¢a￿le￿ 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 Sub￿rIptIOnS
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