2025-03-30-accounts - Cylch Meithrin Porthmadog

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Chaflty rnglstratlon numbgr 1056969 CYLCH MEITHRIN PORTHMADOG ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CYLCH MEITHRIN PORTHMADOG LEGAL AND ADMINISTRATIVE INFORMATION Truste•$ Anna Dukes Jeffreys Lois Jones Erin Charlty nurnb•r 1056*9

CYLCH MEITHRIN PORTHMADOG CONTENTS Pago Stslement of re8Fonsibilities Indendent auditorfs rer#yt Slalemenl of financial •ctivilie5 Balance sheet Slalemenl of cash Notes to the financial sLitements 8-12

CYLCH MEITHRIN PORTHMADOG REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial stslements for the year ended 31 March 2025. The financial slalemenls have been prepared in accordance with the accounting pollaes sel out in note 1 to the financial ststemenls and comply with the Charity's Igovetning documenti, the Charities Act 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charfcies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" lefFe¢live 1 January 2019). Objectives and actrvities The aim of the Cylch Meithrin is to promote the education and development of children from Nvo yeS old to school age. Children will be able to leam through play and socialise under the guidance of professional, walified and dedicated staff. There are over 500 Cylchoedd Meilhrin throughout Wales Over 13,000 attend our Cylchoedd Meithrin and enjoy learning through play through the medium of Welsh. Welsh is the language of the Cylch Meilhrin, but every child is welcomed lo attend the Cylch Meithrin whatever the language spoken at home. Special empashis is given on developing the Welsh language skills of every child Play is very important lo every aspect of a child's development. Therefore, Ihe experiences and activities offered in the Cyl¢hoedd Meilhrin are based on leaming through play. There is a special emphasis on language development and the personal, sou21 and emotional development of children in the cylchoedd. All children are warmly welcomed lo the cylchoedd whatever their colour, race, soaal class, famity status or additional needs_ Children with additional needs are given extra support in order to enable them to join in all the cylch's activities. The Trustees have paid due regard to guidance issued by the Charity Commission in decAding what activities the Charity should undertake. Achievements and performance This year the charity has made further investment in renewing and updating the Infrastructure. which c8n be seen as an act of faith in Cykh Meithrin Porthmadog's future. STRATEGIC REPORT The Trustees were aware if their Surplus fund built up over the years. They invested in repairing and renewing the children's play area oulisde and introduced a deCIng facility. The expenditure was foreseen as a prudent way lo secure the Cylch's future as an attfaclive. appealing and viable community asset in a competitive environment. Financial review It is the policy of the Charty that unrestricted funds which have not been designated for a specifie use should be maintained at a level equivalent to between three and six month's expenditure. The Tnjslees consider that reserves al this level wll ensure that, in the event of a significant drop in funding, they will be able to continue the Charty's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied Ihgl systems are in place to mitigate exposure lo the m?jor risks.

CYLCH MEITHRIN PORTHMADOG REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and managgment The Charity is govemed by rt5 constitutM)n. It has been registergj as a tharity S•e 2015. The charity registration number is 1056969 and rt operates from Ysgol Effjn V4n. HvJh Street. Porihmadog. LL49 9NU . It is unincorporated association. The trustees named bel¢)w have served during the year. AJI trustee appointments are govemed by the constitution and all appointments are approved by the Board of Trustees. The Board of Trustees is authorised to wpoint rrf trustees lo fill vacancies arising through regnalion or death of an 8$tIng trustee. The Board of Trustees meets once a year for annual mwent m8etings tl is during th68e meeting% that all 81gnificant decisions are made. Should any major deaonS arise for thich thg board feel they do not p)sses8 the relevant experience. they WOII urCe exiem81 profvasional advice. The Trustees have had regard lo the Charity Commiswon's guida on public ben&fft. The Trustees who seThed during the year and up to the date of signature of the finandal statements were.. The report was approved by the Board of Trustees. Mlss Nla Roberts Date.. ..aS.1.121.2S.....................

CYLCH MEITHRIN PORTHMADOG STATEMENT OF RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Tnjstees are responsible for preparing the Report and the financial statements in accordance wlh applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally AccepledAccounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare finanoal statements for each finanal year which give a true and fair vigw of the stste of affairs of the Charity and of the incoming resources and application of sOUrces of the Charity for that year. In preparing these financial slalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consstentiy., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and kyudenl.. state whether applicable acLounting stsndards have been followed, subjed lo any material departures disclosed and explained in the financial slatemenls., and prepare the financigl statements on the going concem basis unless rt is inappropriate lo Presu that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuiacy at any lime the financial position of the Charity and enable them to ensure that the financial slatemerts compty with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CYLCH MEITHRIN PORTHMADOG STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestrlctod funds funds 2026 2024 Income from: Donations and legaues Charitable aclivitses Investments 25.355 61.437 41 54,635 23,888 37 Total Incomo 86.833 78.560 Expendlturn on: Charitable 8ckn"vilies 89.405 86.414 Tolal expendtturo 89,405 86.414 Not oxpgndlture and movemenl In fvnds {2.5721 17,854) R6conclllatlon of funds: FLtnd balances al 1 April 2024 29,412 37,288 Fund balance8 at 31 March 2026 26.840 29.412 The slalemenl of financial acts'vilies irjud¢S all gains and los recognised in the year. All Income and expendilura derive from continuing activities.

CYLCH MEITHRIN PORTHMADOG INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYLCH MEITHRIN PORTHMADOG I report to the Trustees on my eXamtIOn of the finarrial Statem18 of Cylch Meithrin Porthmthg (the Chartyl for the year ended 31 March 2025. ResponsSbllities and basis of rgport As the Trustees of the Charity you are responsible for Ihe prepwation of the financial ststements in accord8n¢e wlh the reouirements of the CharthesA¢t 20111tr 2011 Adl. I report in respe¢t of my examination of the Charity's finanoal statements carried under sethon 145 of the 2011 Act. In carying out my examination I have followed all lh8 applicable Direction$ glven by the Charity Commi85ion under section 145151{bl of the 2011 Ad. Independ&nt examln•fs staternent Your attention is drawn lo the fact that the charity has prepared finantial statements in accordaTh2 V¢h Accounting and Reporting by Charities prepanng Iheir accounts in acwdance wlh the Financial Report(ng Stsndard applicable in the UK and Republic of Irèland IFRS 102) in prefe[ere lo the AeeountiThJ and Reporting by Chath"es.' Statement of Recommended Practice issued cfi 1 Apn'l 2005 vthich is referred to in Ihe extant regulations but has now beèn withdrawn. l understand that Ihis has been done in ¢xder for financial statements to provhde a true and fair view in accordance wf(h GenorallyAccepled Antirj Prncaice effective for rerth'ng riOdS beginning on Of after 1 January 2015. I have completed my examination. I confifft that Tr) maliers have o)me to my attention In connecticn with the examination giving me cause lo believe that in any material resp¢¢t'. accounting records were not kept in respect of the Charity as required by section 130 of th8 2011 A<1; or the finan¢ial slalemenls do not accord wih those rec4yds'. or the financial statements do not Comply with the appcab requirements concemlng Ihe form and cclent of accounts sel out in the Charitses (Accounts and Reports) Regulations 2008 other than any requirement that the acwunls give a true and lair which 1$ not a matter curaidered as part of an independent examination. I have no COrM$ and have come 7oss na other matters in nnecon wth tr examination lo which attention should be drawn in this report In ord8r to enatAe a proFer understandlrKJ of the finarval stalemerrts to be reached. Dated.. .18

CYLCH MEITHRIN PORTHMADOG BALANCE SHEET ASAT31 MARCH2025 2025 2024 Current assets Cash at bank and in hand 28.166 30,612 Creditors: amounts falling due within one year 11 {1,326} (1.2001 Net current assets 26.840 29,412 The funds of the Charity Unreslrictsd funds 13 26.840 29,412 26.840 29,412 The financial statements were appr¢)ved by the Trustees on..O.SJJll.IS.. Miss Nia Roberts

CYLCH MEITHRIN PORTHMADOG STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flov•B from 0rang actlvltles Cash absorbed by operaltons 15 12.487) 17,8911 Investlng actlvlt1è5 Investment income reoived 41 37 Net cash generated from Investlng aetlvities 41 37 Net cash usad In financlng actlvltles Not decr••s• In cash •nd cash equlwalents (2.4461 17.854) Cash and cash equivalents at Winning of year 30.612 38,466 Cash and cash •qulv•lonts •t ond of year 28.166 30,612

CYLCH MEITHRIN PORTHMADOG NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polklos Chartty Infonnatlon Cylch Meilhrin Porthmadog 1.1 Accountlng conventlon The financial stslemenls have been prepared in cOrdanCe ¥th th8 Chanty'$ Igoveming do¢umenll. the Charities Act 2011. FRS 102 'The Finarri81 Rewkn'ng Stsndard appliCae in Ihe UK and Republic of Ireland. I'FRS 102.1 and the chankn.es SORP -AcLounting and Rewiing by Charities.. Slalemenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financaal Reporting Standard appliCae in the UK ar Republic of Ireland (FRS 102). {effective 1 January 20191. The Charity is a Public Benefft Entity as defined ty FRS 102. The financial statements have departed from the Chariknes (Accounts and Reports) Regulations 2008 only to the extent required lo provide a true ar fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of thè Slalement of Recommended Practice which is referred lo in thé R6gulatsons bul which has nce been wthdrawn. The financial statomenls are prepared in sterling, which is the fijrthnal currery of tho Charity. Monetsry amounls in these finanal stalements are rounded to Ihe nearest £. The financial stslemenls have l)een prepared under the historieal cost o)nvents'on, Imodified to include the revaluation ol Ireehold properties and to indude investment properties and certain financial instrLmenls al fair valuel. The principal accounling pdicies adopled are set QLrt beltrH. 1.2 Golng ¢onG•rn At the lirne of approving the flnancial statements. the Trustees have a reasonable expectation that the Chadty has adequate resources lo ¢onlinue in opgrational exstenee for the fcweseeable future. Thus the Tr(8lees continue to adopt the going concem basis of accounting in preparing finanaal statemerrts. 1.3 Charltable funds Unrestricie(S funds are availablo for use at the discretiM of the Trustee5 in furtherarKe of their charitable objectives. Reslricled fvnds are subject to speak corKlitions by th)rrn or granlors a8 to may be used. The purposes and uses of the restricted ld5 are set (yjt in the notes to Ihe financial statemgnts. Endowment funds are subject to s[fiC by donors that the tsFital must be molnlained by the Charity. 1.4 Income Sncome is recognised when the Chanty is legty enknlled to it after any pertcTharKe ¢ondtbon$ have been met. the amounts can be measured relkgbiy, and it is probable that inc4)me will be rec8iV8d. Cash donations are recognised on receipt. Otsr donations are recognised once the Charrty has been notified of the donation, unless perfomiance o)nditions require deferral of the amwnt. Income lax recoverabl8 in relation to donations received under GiftAid ¢y deeds of covenant is recognis&J 81 the time of the donation. Legacles are recognised on receipt otheTh¥ise Fr the Charity has been notified of an impending distribution, the amount is known, and receipt is expecaed. N the amwnt is not known, Ihe legacy is treated as a contingent asset.

CYLCH MEITHRIN PORTHMADOG NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnued} 1.S Expenditure Expendf(ure is recognised once there is a legal or conslrucbve obligation lo transfer eGonomic benefit to a third paty, il is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measUd reliably. Expenditure is Classified by activity. The costs of each activty are made up of the totsl of dIrt costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attributat4e to o single activity are allocated diredy to that a¢tivity. Shared costs which ¢onlribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those a¢tivilYes on a basis consislenl with the use of resour$. Central staff costs are allocated on the basis of tfme spent, and depreualion charges are allocated on the portion of the asset's use_ 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held al call with banks, oth8r short-lem liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in curfenl liabilities. Basic financial assets Basic financial assets, which indude debtots and cash and bank balances. are initialty measured at transaGlion pri including transaction costs and are subsequently carried at amortised cost using the effective Interest method unless the arrangement constitute5 a finanang transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financral assets classffied as receivable within one year are not amortised. Basic flnanclal liabilities Basic financial liabilities. including eredit¢ys and bank loans are initially recognised at transaction price unless the 8rrallgement conslitules a financing transactlon. where the debt instrument is measured at the present value of the future payments discounted al ? market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslnjmenls are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the Ordin course of OperatnS from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenuy measured at amortised cost using the effective interest method. Derecognition of financial liabillties Financial liabilities are derecfjgnised when the CharlS contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Termination benefits are recognised immediately as an expense %then the Charity is demonstrably eommittod to leiminale the employment of an employee or lo provide lerminalion berbefils. 1.8 Retirement benefits Payments lo defined contrtbutton retirement benefft heMeS are charged as an expense as they fall due.

CYLCH MEITHRIN PORTHMADOG NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accountlng estlmales and Judgements In the application of the Charity's accounting pdicies, the Trustees are required to make judgements, estimates and assumptions about the cwrying amount of assets and liabilibes that are Th)t readily apparent from other sources The estimates and associated assumptions a based on historical experience and other factors that are con8Klered to be rdevanl. Adual resuls may drffer Irom these estimates. The estimates and underlying assumptions are rewewed on ongoing basis. Revisions to accounting esbmales are Tecognised in the period in which the estimate is revised where the revision affects cnly Ihal period, or in the period of the revision and future periods vknere the rewsK)n affects bolh current and future periixls. Donatlons and legacles Unre¥trl¢tsd Unrestricted funds fvnds 2026 2024 Donatsons and gifts 25,355 54,635 Incom• from Inv•8tmonts Unrestrlctèd Unrestrlct•d funds funds 2025 2024 Interest receivae 41 37 Charltable acdvltles 2026 2024 Cyngor Gwynedd 61.437 23,888 Net movement in funds 2025 2024 The net movement in funds is *ated aftw charg1(credIllng). Trustees None of the Trustees {or any pers( connected with th9m) receNed any remuneration or beneffts frcffl the Charity during the year. 10-

CYLCH MEITHRIN PORTHMADOG NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of emt4oyees durirwJ the year wa5.. 5 2025 Number 2024 Number Employment Cts 2026 2024 Wages and salaries Other pension costs 80,921 3,088 70,711 2.092 84,009 72,803 There woro no employees annual reMuneratn vras more Ihan £60.000. Remunor•tlon ol key manag•m•nt p•rnonnel The remuneration of key management per80nnel was a¥ folknvs: 10 Taxatlon The charity is exempl from laxatw)n on its activities because all its hxme aA)ll for ¢haitsble PUTPO8es. 11 Credltorn: amounts falllng due wlthln one year 2026 2024 Trade creditors 1.326 1,200 12 Retlrement benefft schemes 2025 g024 Deflned contrlbutlon schemes Charge lo profft or loss in re¥ped of defined contribulion schemes 3.088 2.092 The Charity operates a defined contributfv)n pension eme for all qualtyng employees. The assets of the scheme are held separately from ttKJse of the Charty in an indep8ndentty administered ftjnd. 11

CYLCH MEITHRIN PORTHMADOG NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Unrestrlcted funds The unrestricted fvnds of the charity compnse the unexpeThled balances of donations and grants whh are not subjed to spec¢fic conditsons by donors and grarrtors as to how Ihey may be used. These indude designated fvnds which have ken set astde out of unrestricted furKls by the trustees for speufic purposes. At 1 Aprll Incomlng Resou8$ At 31 March 2024 rnsou¢ce• expendèd 2025 General furKIs 29.412 86.833 (89,405> 26,640 Prèvlouy y8ar: At 1 Aprfl Incomlng Resouwces At 31 March 2023 reyourc exwndèd 2024 General funds 37,266 78,560 {86,414) 29,412 14 Related party transactlon¥ There were no dIsdo$ab row party transactions during ihe year {2024- none}. 16 Cash g•nèr•tod from operatlons 2025 2024 Oeficil for the year 12,5721 17.8541 Adjuslmenls for.. Investment income recognised in statemenl of finarKial activitses 1411 (371 Movements in working caprtal: Increase in ueditors 126 Cash absorbgd by operatlons (2,4871 17,8911 16 Analy$l¥ of changes In nel funds The Charity had no material debt durirKJ Ihe year. 12-

Chaflty rnglstratlon numbgr 1056969 CYLCH MEITHRIN PORTHMADOG ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CYLCH MEITHRIN PORTHMADOG LEGAL AND ADMINISTRATIVE INFORMATION Truste•$ Anna Dukes Jeffreys Lois Jones Erin Charlty nurnb•r 1056*9

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Se¢lion A Independent Examiner's Report Report to the trustees On accounts for the year ended SIST 7aLS Charity no (If any) los6q6q Set out on pages I report to the trustees on my 8xaminalion of the accounls of the above charity ("the Trusv.) for the year end8d 31 +93 >ts. Responsibilities and basis of report As the charity's trustees, 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 Tnjsl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llb) of the Act. Independent he charity's gross income exceeded £250,000 and l am qualified to examinerfs statsment undertake the examination by being a qualified member of linsert name of applicable listed FJ)dy]l. Delete I l if nol appliGable. I have completed my exarnination. I confirm that no material matters have come to my attention in connection with the examinathjn {other than that disclosed below ") which gives me cause to believe that in. any material respec*.' the accounting records were not kept in accordance with sectk?n 130 of the Charities Act- or the accounts did not accord with the accounling records., or the accounls did not comply wilh the applicable requirements conceming Ihe fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fairf view which is not a rnatt8r 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 understarKling of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: Date: Ir.•&. Z•2r Name: g•4 Relevant professlonal qualification(s) or body (if any): IER Oct 2018

Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. Ao*ll. IER Oct 2018