Charity registration number: 1193089
CYLCH MEITHRIN MAES Y MORFA TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Blayney Accountancy Limited Suite 11, BSC Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Cylch Meithrin Maes Y Morfa Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 10 |
Cylch Meithrin Maes Y Morfa Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
At Cylch Meithrin Maes y Morfa, we aim to educate the children through the medium of Welsh.
The children are given every opportunity to explore, experiment and develop their abilities whilst they are introduced through enhanced and structured play, the seven areas of learning, both in and outdoors whilst adapting and enhancing our resources daily. We offer the children support to become independent, confident, bilingual beings.
Objectives, strategies and activities
Our committee and managers ensure that all staff are qualified or working towards a suitable qualification, in order to provide a secure and happy environment, rich in variety of rewarding and carefully planned experiences, ensuring that children are cared for in a safe, healthy positive environment where children can learn, play, achieve and have fun in line with Flying Start. The Foundation Phase and standards set out by the Welsh Assembly Government, CIW, Mudiad Meithrin and our policies and procedures.
Public Benefit
All children regardless of their race, gender, faith, religon or background are welcome to join the nursery. We pride ourselves on enhancing the children's skills such as language and literacy, social, creative, physical and emotional development.
Once a week we carry out a cooking activity with the children to encourage healthy eating and we encourage the parents to join in so we are able to build a good rapport with them and encourage the parents to mirror the healthy eating approach at home.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Financial Review
Reserves Policy
As a charity registered nursery, we are a non profit making nursery therefore our financial budget is based around our operational costs, staffing, resources and expenses. In an area of high unemployment, single parents and densely populated, we have no reserves, if there is any excess income it's spent on resources needed.
Structure, Governance and Management
Governing Document
Constitution adopted
Trustee Selection Methods
Membership of the Charity shall be open to:
-
to parents or guardians of every child who attends the Cylch Meithrin,
-
parents or guardians who have been elected members or officers of the Committee although their children have left the Cylch Meithrin
-
any other person or body elected at a General meeting.
Reference and Administrative Details
Trustees
Mr Gary Farleigh Mrs Kathleen Farleigh
Page 1
Cylch Meithrin Maes Y Morfa Trustees' Report (continued) For The Year Ended 31 March 2025
Charity Number
1193089
Principal Address
76 Stacey Road Adamstown Cardiff CF24 1DW
Independent Examiner
Rhys Blayney FMAAT Blayney Accountancy Limited Suite 11, BSC Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Page 2
Cylch Meithrin Maes Y Morfa Trustees' Report (continued) For The Year Ended 31 March 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Gary Farleigh Trustee 16th January 2026
Mrs Kathleen Farleigh Trustee
Page 3
Cylch Meithrin Maes Y Morfa Independent Examiner's Report to the Trustees of Cylch Meithrin Maes Y Morfa For The Year Ended 31 March 2025
I report to the trustees on my examination of the accounts of Cylch Meithrin Maes Y Morfa (the Trust) for the year ended 31 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 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.
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 respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Rhys Blayney FMAAT 16th January 2026 Suite 11, BSC Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Page 4
Cylch Meithrin Maes Y Morfa Statement of Financial Activities For The Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Educate children through the medium of Welsh EXPENDITURE ON: Charitable activities: 3 Educate children through the medium of Welsh NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10 |
2025 Unrestricted funds £ 87,705 |
2024 Unrestricted funds £ 78,218 |
|---|---|---|
| (86,553) | (68,374) | |
| 1,152 | 9,844 | |
| 1,152 42,063 |
9,844 32,219 |
|
| 43,215 | 42,063 |
The notes on pages 7 to 9 form part of these financial statements.
Page 5
Cylch Meithrin Maes Y Morfa Statement of Financial Position As At 31 March 2025
| Notes CURRENT ASSETS Debtors 7 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 10 |
2025 Unrestricted funds £ 7,381 38,170 |
2024 Total funds £ 7,381 37,343 |
|---|---|---|
| 45,551 (2,336) |
44,724 (2,661 ) |
|
| 43,215 | 42,063 | |
| 43,215 | 42,063 | |
| 43,215 | 42,063 | |
| 43,215 | 42,063 | |
| 43,215 | 42,063 |
On behalf of the board Mr Gary Farleigh Mrs Kathleen Farleigh Trustee Trustee 16th January 2026
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements For The Year Ended 31 March 2025
1. General Information
Cylch Meithrin Maes Y Morfa is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1193089. The principal address is 76 Stacey Road, Adamstown, Cardiff, CF24 1DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Going Concern Disclosure
The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charity's ability to continue as a going concern.
2.3. Incoming Resources
Principal sources of income are from the local council and Flying Start re nursery fees, Parents also pay directly for the nursery places.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Analysis of Expenditure
| Educate children through the medium of Welsh Educate children through the medium of Welsh |
Activities undertaken directly £ 72,282 |
Support costs (see note 4 ) £ 14,271 |
2025 Total £ 86,553 |
|---|---|---|---|
| Activities undertaken directly £ 54,657 |
Support costs (see note 4 ) £ 13,717 |
2024 Total £ 68,374 |
4. Support Costs
| Employee costs Premises expenses General administration |
2025 Educate children through the medium of Welsh £ 769 8,008 5,494 |
|---|---|
| 14,271 |
Page 7
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Premises expenses General administration 5. Staff Costs Staff costs were as follows: Wages and salaries Other pension costs |
2025 £ 62,282 1,417 63,699 |
2024 Educate children through the medium of Welsh £ 11,963 1,754 |
|---|---|---|
| 13,717 | ||
| 2024 £ 47,864 1,019 |
||
| 48,883 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
6. Average Number of Employees
Average number of employees during the year was: 5 (2024: 6)
- Debtors
| . Debtors |
||
|---|---|---|
| Due within one year Amounts owed by participating interests . Creditors: Amounts Falling Due Within One Year Other creditors Taxation and social security Accruals and deferred income |
2025 £ 7,381 2025 £ 677 1,299 360 2,336 |
2024 £ 7,381 |
| 2024 £ 387 468 1,806 |
||
| 2,661 |
8. Creditors: Amounts Falling Due Within One Year
9. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,417 (2024: £1,019).
At the statement of financial position date contributions of £658 (2024: £368) were due to the fund and are included in creditors.
Page 8
Cylch Meithrin Maes Y Morfa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
10. Movement in Funds
| 0. Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 April 2024 £ 42,063 |
Income £ 87,705 |
Expenditure £ (86,553) |
As at 31 March 2025 £ 43,215 |
| 42,063 | 87,705 | (86,553) | 43,215 | |
| As at 1 April 2023 £ 32,219 |
Income £ 78,218 |
Expenditure £ (68,374) |
As at 31 March 2024 £ 42,063 |
|
| 32,219 | 78,218 | (68,374) | 42,063 |
11. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
12. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 9
Cylch Meithrin Maes Y Morfa Detailed Statement of Financial Activities For The Year Ended 31 March 2025
| INCOME AND ENDOWMENTS FROM: Charitable Activities: Educate children through the medium of Welsh Nursery Grants Government Grants EXPENDITURE ON: Charitable Activities: Educate children through the medium of Welsh Purchases Waste disposal Wages and salaries Employers pensions - defined contribution schemes Other direct costs Staff welfare Rent Light and heat Repairs and maintenance Cleaning Vehicle running costs Insurance Telecommunications and data costs Accountancy fees Professional fees Subscriptions Bank charges Sundry expenses NET INCOME |
2025 Total funds £ 16,061 44,524 27,120 |
2024 Total funds £ 13,621 19,477 45,120 |
|---|---|---|
| 87,705 | 78,218 | |
| 87,705 (5,808) (260) (62,282) (1,417) (2,515) (769) (4,034) (3,284) (500) (190) (1,594) (1,210) (302) (360) (107) (135) - (1,786) |
78,218 (737) - (47,864) (1,019) (5,037) - (2,734) (3,373) (3,196) (2,660) (350) - (87) (1,206) - (90) (21) - |
|
| (86,553) | (68,374) | |
| (86,553) | (68,374) | |
| 1,152 | 9,844 |
Page 10