Company registration number: CE025004 Charity registration number: 1193656
Cylch Meithrin Llangyndeyrn
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 March 2023
LHP Carmarthen Llys Deri Parc Pensarn Carmarthen SA31 2NF
Cylch Meithrin Llangyndeyrn
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 20 |
Cylch Meithrin Llangyndeyrn
Reference and Administrative Details
Trustees Mrs C Jenkins F Rees-Owens Mr G R Thomas Charity Registration Number 1193656 Company Registration Number CE025004 The charity is incorporated in Wales. Registered Office Cylch Meithrin Llangyndeyrn Ysgol Y Fro Llangyndeyrn Kidwelly SA17 5BW Independent Examiner LHP Carmarthen Llys Deri Parc Pensarn Carmarthen SA31 2NF
Page 1
Cylch Meithrin Llangyndeyrn
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2023.
Objectives and activities
Objects and aims
The object of the CIO is to advance the education of pre-school children in Llangyndeyrn and the surrounding area through the medium of the Welsh language. This will be done by:
a) Providing and presenting safe and satisfying play and activities.
b) Arranging other charitable activities in order to help parents support their children's education.
Public benefit
Cylch Meithrin Y Fro Llangyndeyrn, is a small rural charity. The Cylch is often the very first step on the educational ladder for a preschool child, and our aim, and what we strive for as a charity is that each and every child who enters our doors gain confidence, develop a love of learning, which we hope will positively impact on their educational story within our setting and throughout their educational career, teaching, care and guidance allows each child at our setting to grow and bloom; to become a member of not only our Cylch but of the wider community in which we are based.
Several grants have been applied for but this year unfortunately, the cylch has not been as successful in gaining funding through grants as in the previous accounting years. Through grant funding our members of staff have completed various courses to upskill and benefit the children at the Cylch, which included Safeguarding courses and Outdoor learning practitioner course. We were also fortunate to win grant funding to produce a promotional video in conjunction with Y Fro school and this video has been shared on our social media platforms to help promote our services within the wider community.
On a day-to-day basis the Cylch provided numerous and varied fun, safe and nurturing learning opportunities. Outdoor play and learning is always preferred and the Cylch is lucky to be able to utilize a fantastic rural location for this purpose to explore, develop and learn about the world around us. Nurturing skills whilst forging links within the broader community and positive enrichment opportunities outside of the classroom.
Being a small grass roots charity the Cylch plays an important role within the local community and collaborated with Y Fro school for the benefit of all children; participated in trips, fundraising events, and various other local events.
From year-to-year Cylch Meithrin Y Fro always aims for the best; to provide safe, satisfying, developmental opportunities across all learning areas, to nurture and to support our service users and their families as best we can.
The trustees of Cylch Meithrin y Fro Llangyndeyrn confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Cylch Meithrin Llangyndeyrn
Trustees' Report
Achievements and performance
I am happy to report Cylch Meithrin Y Fro was nominated for two categories in the Mudiad Meithrin awards for best small Cylch – placing second overall in Wales and third in the category of Dewin and Doti. This is such an enormous accolade for our small rural Cylch to be recognised on a Welsh level. Testament to the hard work and dedication of a fantastic team!!
Financial review
Policy on reserves
The reserves held at year end are higher than the benchmarked amount of circa £8,000 - £12,000. This amount is needed to maintain a balance which is sufficient for the daily operations and achieveing the objects of the Cylch.
The Cylch has not been fortunate in securing as many grants during the year due to applying for harder to win core cost grants. As a small grass roots charity we react, adjust and aim to support, and during this financial year, where the cost of living crisis was felt by all, we were in the position to be able to keep cylch fees as low as possible, absorbing the increases in staffing costs through the NLW increases and further increases across the board in running costs.
The biggest cost within the Cylch is undoubtedly the wages of our staff. Our staff work tirelessly to maintain the quality of service in which we pride ourselves on, providing each child a high standard of care and education under our care.
Funds in deficit
The Charity has no funds that are materially in deficit.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
G R Thomas (appointed 01 September 2022) F Rees-Owens (appointed 21 June 2022) C Jenkins (appointed 17 March 2021)
Structure, governance and management
Nature of governing document
Constitution - based on the Charity Commission's model governing document for Charitable Incorporated Organisations, i.e. the Trustees are the only members of the charity.
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Cylch Meithrin Llangyndeyrn
Trustees' Report
Recruitment and appointment of trustees
There must be at least three Charity Trustees. The maximum number of trustees is 12.
In accordance with the Constitution, Trustees are appointed or re-appointed for a term of three years by a resolution passed at a properly convened meeting of the charity's Trustees.
In appointing Trustees due consideration is given to ensure that the Trustees have, between them, relevant skills and experience necessary to manage the charity effectively and in accordance with charity law.
This year saw a new line up of staff - We appointed Ms Ffion Evans as Leader and Ms Holly Walters as assistant. A new committee was formed and the cylch has over the course of the year gone from strength to strength under the new and dedicated staff and committee members.
Statement of trustees' responsibilities
The trustees (who are also the directors of Cylch Meithrin Llangyndeyrn for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Page 4
Cylch Meithrin Llangyndeyrn
Trustees' Report
The annual report was approved by the trustees of the charity on 21 December 2023 and signed on its behalf by:
......................................... Mrs C Jenkins Trustee
Page 5
Cylch Meithrin Llangyndeyrn
Independent Examiner's Report to the trustees of Cylch Meithrin Llangyndeyrn ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of Cylch Meithrin Llangyndeyrn as required by section 386 of the 2006 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 accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Mr Eirian Humphreys FCA FCCA Llys Deri Parc Pensarn Carmarthen SA31 2NF
21 December 2023
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Cylch Meithrin Llangyndeyrn
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Other trading activities Other income 4 Total income Expenditure on: Charitable activities 5 Other expenditure Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 27,194 20,287 535 48,016 (11,572) (33,740) (45,312) 2,704 2,704 18,045 20,749 |
Total 2023 £ 27,194 20,287 535 48,016 (11,572) (33,740) (45,312) 2,704 2,704 18,045 20,749 |
Total 2022 £ 48,969 13,475 - |
|---|---|---|---|
| 62,444 | |||
| (11,999) (32,400) |
|||
| (44,399) | |||
| 18,045 | |||
| 18,045 - |
|||
| 18,045 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
The notes on pages 9 to 20 form an integral part of these financial statements. Page 7
Cylch Meithrin Llangyndeyrn
(Registration number: CE025004) Balance Sheet as at 31 March 2023
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 15 |
2023 £ 10,122 700 10,837 11,537 (910) 10,627 20,749 20,749 20,749 |
2022 £ 395 - 19,154 |
|---|---|---|
| 19,154 (1,504) |
||
| 17,650 | ||
| 18,045 | ||
| 18,045 | ||
| 18,045 |
The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on 21 December 2023 and signed on their behalf by:
......................................... Mrs C Jenkins Trustee
The notes on pages 9 to 20 form an integral part of these financial statements. Page 8
Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Charity status
The charity is limited by guarantee, incorporated in Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Cylch Meithrin Llangyndeyrn Ysgol Y Fro Llangyndeyrn Kidwelly SA17 5BW
These financial statements were authorised for issue by the trustees on 21 December 2023.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Cylch Meithrin Llangyndeyrn meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Office Equipment | 25% Straight Line |
| Fixtures and Fittings | 20% Reducing Balance |
| Furniture and Equipment | 20% Straight Line |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Government grants Total for period ended 31 March 2023 Total for period ended 31 March 2022 |
Unrestricted funds General £ 10,284 16,910 27,194 48,969 |
Total funds £ 10,284 16,910 |
|---|---|---|
| 27,194 | ||
| 48,969 |
4 Other income
Total funds £
5 Expenditure on charitable activities
| Note Cylch Allocated support costs 6 Governance costs 6 Total for period ended 31 March 2023 Total for period ended 31 March 2022 |
Unrestricted funds General £ 3,535 6,612 1,425 11,572 11,999 |
Total funds £ 3,535 6,612 1,425 |
|---|---|---|
| 11,572 | ||
| 11,999 |
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
6 Analysis of governance and support costs
Governance costs
| Other governance costs Allocated support costs Total for period ended 31 March 2023 Total for period ended 31 March 2022 |
Unrestricted funds General £ 936 489 1,425 2,294 |
Total funds £ 936 489 |
|---|---|---|
| 1,425 | ||
| 2,294 |
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Mrs C Jenkins
£367 (2022: £Nil) of expenses were reimbursed to Mrs C Jenkins during the year.
No trustees have received any other benefits from the charity during the year.
Donations made by the trustees without any conditions attached totalled £1,483 for the year (2022 - £Nil).
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
8 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Pension costs Other staff costs |
2023 £ 33,104 406 230 33,740 |
2022 £ 30,804 616 980 |
| 32,400 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Average number of staff employed | 2023 No 2 |
2022 No 3 |
|---|---|---|
2 (2022 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £946 (2022 - £616).
No employee received emoluments of more than £60,000 during the year.
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
10 Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the period At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Furniture and equipment £ - 3,714 3,714 - 534 534 3,180 - |
Office equipment £ 513 - 513 118 128 246 267 395 |
Fixtures and fittings £ - 7,973 7,973 - 1,298 1,298 6,675 - |
Total £ 513 11,687 |
|---|---|---|---|---|
| 12,200 | ||||
| 118 1,960 |
||||
| 2,078 | ||||
| 10,122 | ||||
| 395 |
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
11 Debtors
| 11 Debtors | |
|---|---|
| Trade debtors Prepayments Other debtors |
2023 £ 650 44 6 |
| 700 |
12 Cash and cash equivalents
| Cash on hand Cash at bank 13 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Accruals |
2023 £ 356 10,481 10,837 2023 £ 49 309 552 910 |
2022 £ 109 19,045 |
|---|---|---|
| 19,154 | ||
| 2022 £ 230 314 960 |
||
| 1,504 |
14 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £406 (2022 - £616).
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
15 Funds
| Unrestricted funds Unrestricted funds General General Unrestricted funds General General 16 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Balance at 1 April 2022 £ 18,045 |
Incoming resources £ 48,016 Incoming resources £ 62,444 |
Resources expended £ (45,312) Resources expended £ (44,399) Unrestricted funds General £ 10,122 11,531 (910) 20,743 Unrestricted funds General £ 395 19,154 (1,504) 18,045 |
Balance at 31 March 2023 £ 20,749 |
|---|---|---|---|---|
| Balance at 31 March 2022 £ 18,045 |
||||
| Total funds at 31 March 2023 £ 10,122 11,531 (910) |
||||
| 20,743 | ||||
| Total funds at 31 March 2022 £ 395 19,154 (1,504) |
||||
| 18,045 |
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Cylch Meithrin Llangyndeyrn
Notes to the Financial Statements for the Year Ended 31 March 2023
17 Analysis of net funds
| 17 Analysis of net funds | |||
|---|---|---|---|
| Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
At 1 April 2022 £ 19,154 19,154 At 24 February 2021 £ - - |
Financing cash flows £ (8,317) (8,317) Financing cash flows £ 19,154 19,154 |
At 31 March 2023 £ 10,837 |
| 10,837 | |||
| At 31 March 2022 £ 19,154 |
|||
| 19,154 |
18 Related party transactions
There were no related party transactions in the year.
Page 20
Cylch Meithrin Llangyndeyrn
Statement of Financial Activities by fund for the Year Ended 31 March 2023
Unrestricted Funds
| Income and Endowments from: Donations and legacies Other trading activities Other income Total income Expenditure on: Charitable activities Other expenditure Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2023 £ 27,194 20,287 535 48,016 (11,572) (33,740) (45,312) 2,704 2,704 18,045 20,749 |
Total Unrestricted Funds 2022 £ 48,969 13,475 - |
|---|---|---|
| 62,444 | ||
| (11,999) (32,400) |
||
| (44,399) | ||
| 18,045 | ||
| 18,045 - |
||
| 18,045 |
This page does not form part of the statutory financial statements. Page 21
Cylch Meithrin Llangyndeyrn
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Income and Endowments from: Donations and legacies (analysed below) Other trading activities (analysed below) Other income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2023 £ 27,194 20,287 535 48,016 (11,572) (33,740) (45,312) 2,704 2,704 18,045 20,749 |
Total 2022 £ 48,969 13,475 - |
|---|---|---|
| 62,444 | ||
| (11,999) (32,400) |
||
| (44,399) | ||
| 18,045 | ||
| 18,045 - |
||
| 18,045 |
This page does not form part of the statutory financial statements. Page 22
Cylch Meithrin Llangyndeyrn
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Donations and legacies Appeals and donations UK Government grants Other trading activities Cylch fees Other income Other income Charitable activities Materials Purchases Direct costs Hire of other assets (Spot hire) Casual wages Repairs and maintenance Equipment repairs and renewals Charitable donations Motor expenses Depreciation of furniture and equipment Depreciation of fixtures and fittings Depreciation of office equipment Sundry expenses Office expenses Printing, postage and stationery Trade subscriptions Accountancy fees Legal and professional fees |
Total 2023 £ 10,284 16,910 27,194 20,287 20,287 535 535 (30) (3,323) (82) (100) (38) (1,029) - (3,495) (90) (534) (1,298) (128) (769) (37) (5) (125) (165) (324) (11,572) |
Total 2022 £ 16,355 32,614 |
|---|---|---|
| 48,969 | ||
| 13,475 | ||
| 13,475 | ||
| - | ||
| - | ||
| (315) (8,347) - - (191) (164) (541) - (30) - - (117) (414) (22) (51) (35) (800) (972) |
||
| (11,999) |
This page does not form part of the statutory financial statements. Page 23
Cylch Meithrin Llangyndeyrn
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Other expenditure Wages and salaries Staff pensions (Defined contribution) - pension scheme 1 Staff training |
Total 2023 £ (33,104) (406) (230) (33,740) |
Total 2022 £ (30,804) (616) (980) |
|---|---|---|
| (32,400) |
This page does not form part of the statutory financial statements. Page 24
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Signature 1
Signed by CARYL JENKINS using authentication code NyE+TWQvITZyWW1G at IP address 37.157.52.81, on 2023/12/21 13:50:12 Z.
CARYL JENKINS's e-mail address is: cylchmeithrinllangyndeyrn@outlook.com.