Company registration number.. CE025004 Charity registration nuTllber'. 1193656 Cylch Meithrin Llangyndeyrn (A coinpany limited by guarantee) Annual Reptsrt and Financial Statements for the Year Ended 31 March 2025 LHP Accountants Ltd Llys Deri Parc Pensarn Carmarthen SA312NF
Cylch Meithrin Llangyndeyrn Contents Reference and AdmÉnistrativ¢ D¢tails Trustees, Report 2to4 Independent Exaininevs Report Statement of Financial Activities Balance Sheet Notes to the FinancÉal Statements 8t019
Cylch Meithrin Llangyndeyrn Reference and Administrative Details Trustees Nqrs C Jenkins F Rees-Owen5 L A McGee Charity Registi?tioN Number 1193656 Coinpany Regi$tration Number CE025004 The charity is incoipoiated in Wales. Cylch M¢Étl]rin Llangyndeyrn Ysgol Y Fro Llallgyndeyrn Kidwelly SA17 5BW Reglstered Offlee Independent Examiner LHP Accountants Ltd Llys DeTi Par¢ Peiisarn C&rmarthen SA312NF Page I
Cyleh Meithrin L18nndeyrn Trusteesl Report The tt'ustees, who are directors for the purposes of company law, pirsent the annual report together with the financial sialements and auditors, report of the charitable company for ihe year ended 31 Mai'¢h 2025. Objectives and activities Objects aiiil lllii The object of the CIO is to advance the education of pre-school ¢hildren in Llangyndeyrn and the surroundÈng area through th¢ Incdium of ihe Welsh language. Tliis will b¢ done by.. a) Providillg 8nd presenting safe and satisfying play and activities. b) Arranging other charitable activities in order to help parents support their childien's education. Piiblle behefil Cylch Meithrin Y Fro Llangyndeyrn, is a small ruial eharity. The Cyl¢h is often the very first step on the educational ladder foi. a pieschool child, and our aim, and what we strive for as a charity is that each and evely child who enters our dooTS gaill Confidence. develop a love tst learning, which we hope will p05ilively impact on their educational story within our scttiDg and tlll'oughout their educational c81eeT, teachin& care and ¥uid4tnLe allows ¢a¢h child at our setting to grow and bloom,. to become a membey of not only our Cyl¢h but of the wider community in which we al'e based. Several grants have been applied foy but this yeai. unfortunately, tlie cylch has noi beet) as su¢¢¢ssful in gaining funding through grnnts as in the pirvious accounting years. Through grant funding our tneillbei'5 of staff have conipleted various oourses to upskill and benefit the children at the Cylch, which included Safeguarding courses and Outdoor leai'jiing practitioner course. We were also fortunate to win grant funding to pi'oduce a pi'omotional video in conjunction with Y Fro school and this video has been $har¢d on our social Inedia platfoi'ins to help promote our services withiii the wider community- On a day-to-day basis the Cylch provided numerous aiid varied fun, safe aiid nurturing leamtng opportunities. Outdoor play and learning is always preferred and the Cyleh is lucky to be able to utilize a fantastic I'ural location for this pui'pose to exploiE, develop and learn about the world around us. Nurtlli'ing ski115 whilst foi'ging links within the bJx)ader coinmunity and positive enrichment opportunitF¢5 ou15ide of the classrLN)m. Being a small grass roots charity, the Cylch plays an iit)portant role within the local commultity and collaborated with Y Fro school foi. the benefit of all childreTh' pariieipaled trips, fundrnising events, and various other local events. Fi'om year-to-year Cylch Meil]ll'in Y Fro always aims for the best. to pi'ovide safe, sat15fyiiig, developmental oppoitunitie5 a¢i'oss all learning areas. to nurtUTe and to SIRPPOrt our service users and their faniilies as best we can. The trustees of Cylch Meithrin y FTO Llangyndeym confim) that Ihey have complied with the requirements of sectiott 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 LIAngyndeyrn Trustees, Report Aehlevement5 and performanee Finaiieial review Policy re5ervdg As of 31st March 2025, the Cylch had £3,613 in its currenl account. This is £4,387 lowei. than our nomial bcnclimark reserves of circa £8000. However a5 pY¢viously mentioned, The Cylch lias not been fortunate in stcuving many gi'ants during the yeaT due to applying for hai.dei' lo win core cost grants. As a small gi'assroots cliarity we react, adju%t and aim to support and during this financial year wheie tlie cost of living crisis was felt by all fainilies were itt the position to b¢ able to keep Cylch fees as low a5 possible. Funds iii ilejlcll The Charity hag no funds that are mateyially in deficit. Trustees Anil orricers The tTUStees and officers serving during the year and since the year ¢nd were as follows.. R Thomas (appointed 01 Septernber 2022- 26 February 2024> L A McGe¢ (appointEd 26 February 20241 F Reeg-owens lapwinted 21 June 2022) C Jenkins (appointed 17 Mareh 2021) Structure? governance aiid m8nigement Naliire ofgoverNiiig docHnieRI Constitution based on the Cliarity Commission's model governtng document for Charitable Intorpordted Organisations, i.e. the Trll5tees are the only m¢TnbErs of the charity. Rétrullipieiil rfiid uppviiitniEiilofiFiislees There must be at least three Ch'Ity Trustees. The maximum number of ti'ustees is 12. In accordance with thc Constitution. Tiustees are appointed or re-appointed for a tei'm Lif three years by a resolution passed at a p¥opci'ly ¢onv¢ned meeting of the Charity's Trustees. In &ppointiiig Trustees due consideration i5 given to ensure that the TTUStees have, between them, relevant skills and experience iiecessary to I)nage the chai'ity effectiyely and in ac¢oi'dance with ¢harEty law. Stalement of trustees, respon5ibilitÉe5 The tnistees {who are also the diiE¢tors of Cylch Meithrin Llangyndeym for the purposes of ¢ompany law) are r¢5porisible foi. preparing the truslees, J'¢port and the fJnanGial statements ii? ac¢ordancc with applieable law and United Kingdom A¢¢ounting Standards (United Kingdoni Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Siaiidard applicable in the UK and Republic of Ireland" Page 3
Cylch Meithrin Llangyndeyrn Trustees, Report Coinpany law requires the Th'uytees to prepare financial statements for each financial y¢ai'. Uiider coinptEJy law the trustees musl not appi'ov? the financial 5tatemenls unless they ale satisfied thai they give a true and fair view of the state of alfairs of the chai'itable coinpany and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In pr¢pJring these financial statem¢nts. the trustee5 are TequiTed to.. Select suitable accounting policies and apply them cot]Si51ently' obserye the methods and principles in the Chai'ilies SORP. make judgemeiits and estimates that are reasonable and prudent. state whether applicabl¢ accounting standards, Comprising FRS 102 have been followed, subject to Bny material departure5 disc105Ed and explained in the financial statemeiits,. and prepare the financial statements on the going coneern basis unless it is inappropriate to presutne that the charitable company will continue in business. The trustees are responsible foi. keeping pi'oper accounting records that Con disclose with reasonable accuracy at any time the financial position of the charitable compajiy and enable tliem to ensure tliat the financial slatements comply with the Companies Act 2006. They are also responsible fur bafeguarding the assets of the charilable company and h¢nce for taking reasonable steps for the prevention and dltection of fi'aud and other irregularilies. The trustees ar¢ rcspDn5ible foi. the maintenance aiid integJity of the coiporate and financial information included on the charitabl¢ ¢QlTkpany's website. Legislation governing the prepai'ation and dÉssemination of fin8n¢ial statements may differ fi'om lcgislation in otlier jurisdictlOll5. Disclosure of information to auditor Each trustee has taken steps tliat they ot]ght to have taken as a trnstee in order to Inake thern5elves aware of any relevant audit iiifoiThation and to establish that the charity's auditor is aware of that inforjnation. Th¢ trustees confrn that there is no relevant information that ihey know of and of which they know the auditOT is uDaware. The annual report was approved by the ti'ustees of the chartty on l December 2025 and signed on its behaifby.. Mrs C Jenkins Trustee Poge 4
Cylch Meithrin Llangyndeyrn Independent Examinerls Report to the trustees of Cylch Meithrin Llangyndeyrn ('the Company,) I report to the Charity trustees on my examii)ation of the accounts of ihe CompatLy for the year ended 31 Mai'ch 2025. Re5ponsibilitie5 and basis of report As the chai'ity's trustees of the Cornpany {and a150 its diiECtors for the purp05es of company law) you are responsible for the pi'eporation of the accoiinls in accordan¢e with the requirements of the Comppni¢s Act 2006 ('Ihe 2006 Act.). Having satisfEed myself that the accounts ot. the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I repoi't in respect of my examination of your chai'ity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act.). In cariying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. IDdep¢nd¢nt ex8mln¢r's statenTrent I have completed my examination. l ¢onfJrm that no Tnatters have corn¢ to my attentiOE] in connection with the examination giving me cause to believe.. l. accounting records were not kept in respect of Cylch Meithrin Llang)mdeym As required by section 386 of the 2006 Act,. oi. 2. th¢ accounts do not accord wstli those reeords; or 3. the a¢tounis do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that tlie accounts give a 'true and faii. view, which is not a matter consideird as part of ai) independent exainination. oi. 4. the aecounts have not been prepared in accordan¢e with the methods and principle5 of the Stalem¢nt of Recommended Piactice for accounting and repoiting by chai'ities lapplicable to charities preparing tlieir accounts in accoidance with the Pinancial Keporting Standard applicabl¢ the UK and li¢public of lYtlai)d {FRS 102)]. have no concerns and l?ave coni¢ aciDss no other tnattei's in conn¢ction with Éhe exainina(ion to which attention should be drai iii tliis repoil in ord¢i' ¢0 enable a proper understanding of the accounts to be iEached. Miss SalinIha Hart FCCA Llys Deri Pair Pensaiil Carinarthe SA312NF l December 2025 Page 5
Cylch Meithrin Llangyndeyrn Statement of Financial Activities for the Year Fnded 11 March 2025 (Including Income and Expenditure Account Stutem¢nt of Total Recugnised Gains and Losses) Unrestrieted rund5 Total 2025 Total 2024 Note Income and Elldoiymenls frorn: Donations and legacies Other trading &ctivities Other in¢ome 3,319 15,341 3.319 15,341 12,803 29,029 40 Total income 18.660 18,660 41,872 Expendlture on., Charitable activities Other expenditure (7,867) 26,175) 17,867) (26,175) (8,321) (32,047) Total eypenditure Net (expenditureyinc0e Net movement in funds (34,0421 34,042 (40,368) 15,382 15.382> 1,504 (15,382) (15,382) 1,504 ReeonelliatloA ol funds Total funds brought forward 22,253 22,253 20,749 Total funds carried forward 14 6,871 6,871 22,253 All of tlie cliarily's &fLlivili¢b dtrivtr fix)iit Lunlinuijig uper&iLiuns durin¥ Ihe ub()v¢ Iwv ptrivds. The funds breakdown for 2024 is shown in note 14. The notes on pages 8 to 19 forni an integral part of these financial statements. Page 6
Cylch Meithrin Llangyndeyrn (Registration number; CE025004) Balance Sh¢et as at 31 March 2025 2025 2024 Note Ilxed assets Tangible assets 5,977 7,916 Current *s$ets DebtOlS Cash at barLk and in hand 10 787 3,853 4,640 507 17,025 17,532 CredltoiB: Amounts fo15ing due wlthln one year 12 {3,746 (3,195) Net current a5set5 894 14,337 Net Ilssets 6,871 22,253 Funds of the charity: Unrestricted Ineome fund5 Unreslricted fLJnds 6,871 22,253 Total funds 14 6,871 22,253 The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on l December 2025 and signed on their behalf by.. Mrs C Jenkins Ti'ustee The notes oil pages 8 to 19 forni an integral part of these fthatL¢ial statements. Page 7
Cylch Meithrin Llangyndeyrn Notes to the Financial StAlements for the YeAr Ended 31 Mai'ch 2025 I Chgrity status The charity is liinited by guarantee, incorporated in Wales, and ¢onsequently does not have share capital. Each of the trustees is liable to coniribvte an ainount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its I'egistered office is.. Cylch Meithrin Llangyndeyrn Ysgol Y Fi'o Llangyndeyrn Kidwelly SA17 5BW 2 Accounting policies Summary of signifieat aetounting piJlicie8 and key aeeounting e5tin]ates 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 othtrwisE 5tat¢d. Statement ofeompliance The financial statements have been prepared in accord8nce with Accounting and REpoiling by Charities.. Stateinent of Recomn)¢nded Practice (applicable to chftrities preparing their ac¢oun15 iii accordance with the Financial Reporting Stat]dard applicable in the UK and Republic of Ireland (FRS 102)) (issued in thtober 2019) - (Charitie5 SORP {FRS 102)), the Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis ol preparatio Cylch Meithj'in Llangyndeyrn meets the defii)itEon of a public benefit entity under FRS 102. Assets and liabilities kre iiiitEally i'ecognised at historical cost or tran$a¢tion value unless otherwise slated in the i'elevant accounting policy notes, Going eoRcer The trustees c0115id¢i' th<ti there ale no material uuceilainties about the charity'5 obility to continue as a going concern nor any 5i¥nificant areas of un¢¢i'tainty that affect the carrying value of assets held by the charity. Incoffle aRd eNdowrnentS All incolne És recognised once the cliai'ity has entitlement to tile incoine, it is probable that the incotne will be receiyed and the amount olthe income receivable can b¢ measured reliably. Page 8
Cylcb Meithrin Llangyndeyrn Notes to the Financial Statenjents for the Year Ended 31 March 2025 DoiialioHs legficles Doiiations are recognis¢d when the oharity has been notified in wi'lting of both the alont and settlement date. In the event that a donaiion is subject to conditions that require a level of performance by the charity before the ¢h&irity Is entitled to the fund5, the income is deferred and not re¢ognised until either those conditions are fully inet, or the fuifilment of those conditions is wholly within the control of the charity and it is prob&ble that these conditions will fvlfilled in the repoiling period. Grniils Kecelvuble Graiits aye recognised whEli the charity has an enlitleinent to the funds and ally ¢ondilivn5 linked to the grants have been Imet. Where performance conditions are attached to the grant and are yet to be met. the income is recognised a5 a liability and included on the balance Sheet as defeii'ed income to be released. Expenditure All expendituir is recogni5ed once there is A legal or construeiive obligation to tha¢ expenditure, it is probable settleinent is required and the amouni can be measured reliably. All eosls al'e allocated to the applicable expcnditure heading that aggi'egate similar costs to that category. Where costs cannot be directly attributed to particular hcadings they have been allocated Oll a basis con5iSt¢nt with the use of resources, with cents'&l staff Costs alloc&tcd on the b&818 of time spent. and depreciation charges allocated on the portion of tl)e asset'5 use. Other support ¢osis are allocated based on tlie spread of staff costs. Cli&rilrtblÉ tscllviiles Charitable expenditure comprises those costs incuried by the ¢harity in the delivery of its activities and services for its benEficiai'ies. It ijicludes both costs thal can be allocated directly to such activities and those costs of an indirect natur¢ Recessary to support them. Support costs Support C051s include central fiJn¢lions and have been allocated to aclivity cost categories on a basis consistent with the use of resources, for exainple, allocating propety costs by floor 'ta$, or pei. capita, staff costs by th¢ time spent and oih¢r costs by their usage. Governance costs These include the costs attributable to the ¢harity's compliance with constitutional and statutory requirements, including audit, strategic nianagem¢nl and tl'ustees meetings and reimbursed Expenses. Government grants Government grants air recognised based on the accrual model and are measured ai tlie fair value of the asset received or receivable. Grants aT¢ cla55ified as relating either to revenue or to a%sets. Grants relatitkg to revenue are r¢cognised income ovei. the p¢i'iod in which t11e related costs al'e reco¥nised. Grant5 relating to assets are r¢cognised over tlie expected usefvl life of tl)e asset. Whei'e part of a grant relatii)g to aTb assel is deferred, it is r¢cognised as defei'red inconie. PagE 9
Cylch Meithrin Llangyndeyrn Notes to the Financial Statements for the Year Ended 31 Mareh 2025 Taxation The charity is considered to pass the test5 %t out in Paragraph I Schedule 6 of the Finance Act 2010 and tlierefoiE it illeets the definition of a charil&ble company foi. UK corpomtion tax purposes. Accordingly> the charity is potentially exempt from taxation in respect of iiicom¢ or capital gains received within categories covered by Chapter 3 Part I I of the Coworation Tax Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gaills Act 1992, to the extent that such incole or gain5 ale applied exclusrvely to charitable puiposes. Tangible fixed assets Individual fixed assets costing £100.00 or more are initially recoi'ded at cost, less any subseqent accumulated depreciation and subsequent accumulated impairment losse5. Depreciation and amortisalion DeprecEation is provided on tangble fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expecied u5efiJl economic life as follows- Asset elll$$ Office Equipment Fixtures and Firtings Fumiture and Equipment Depreciation method and rate 25/0 Straighi Line 20ts/0 ReduCng Balance 20/0 Straight Line Trade debtors Trade dEbtors are amounts dlle from customers for merchandise sold or setvices performed in the ordinary course of bu5ines5. Trade debtois are recognised initially at the ti'ansaction priee. They are subsequently measured at amni'lised cost using the effective interest method, less pi'ovision foi. iPair[neNt. A pKovision for the impaii.ment of trade debtor5 IS established when there is objeetive evidence that the charity will not be able to collect all amounts due according to the oi'igiiial terms of the receivables. Cash and eash equlvolents Cash and cash equivalents eompyise cash on liand and call deposits, and othei. shoi'l-lemi hi¥hly liquid investments that are readily convei1ible to a known amourjt of cash at]d are subject to an insigjiificant rtbk of ¢liaiige in value. Borrowings InÉei'est-bearing bom)wings ar¢ initially recorded at fair value, net of transactioii cost5. Itaterest-bearing borrowings are subsequeiitly cai'ried at amoitised cost, with the differetice between the proceeds, Iiet oltransaction costs, and the amount due on Tedemption being recognised as a charge lo the Statelent of Financial Activities over the period of the irlevant boi'rowing. Interest expense is recognised on the basis of the effective interest Tnethod and is included in inter¢st payable and similai. charges. Boi'rowings are classified as current liabilities unless the chai'ity has an unconditional right to defer settlement of the liability foi. &t least twelve months after the repoiting date. Page 10
Cylch Meithrin Llangyndeyrn Notes to the Financial Statements for the Year Ended 31 March 2025 Fund structure Unrestt'icted income funds are general funds that air available foi. use at the trustee's discretion in furtheranc¢ of the objectives of the charity. Pension5 and othei. post retirement oblighlions Th¢ Lharity operates a defined contribution pension scheme which is & pension plan under which fjxed conth'ibulions aTe paid into a pension fund and the charity ha5 no legal or conqtructivc obligation to pay fui'iher contributions even if ihe fund does not hold sulticient assets to pay all employee5 th¢ benefits relating to employee service in tl)e curirni and pi'ior pei'iods. Contributions to defined eontribution plans are recognised in tlie Statement of Financial Activities when they are due. If contribution payments exceed the conti'ibution due for seivice, the excess is recognised as a PTepayment. Financial instrllmtnts CItTsslJ7cffi/ion Financial assets and financial liabilities are re¢ognised when the charity becomes a party to th¢ contractual pr()vi%ions of the instrument. Financial liabilities and equity instruments are ¢lassifJ¢d according to the substsnce of the contractual a17'angementS entered inlo. An equity instruTnent is any conth'act thal evsdence5 a residual intei'est in the assets of the chai'Èty after deducting all of its liabilities, Recogiililoii memsiireineiil All financsal assets ajid liabilities are initially measuird at transaction pri¢e (including trdnsaction costs), except for thos# rul1Cl assets cla.88ifscd as at fair value throuyji profit or loss, which are iniLially mepsured at faii. value (which is nomially the tranEaction price exClUdn8 transaction costs), uiiless the aiTanBEment constitutes a fit)ancing transaction. If an ar¥angcmettt ¢onstitutes a financing transaction. the finaDcig1 asset or financial liability 15 measured at the present value of th¢ futur¢ payinents discounted at a Inarket rate of interest for a similar debt Èijstrument. FinancÉal assets and liabilities aiE only offset iii the statement of financial position when. aDd only whei) there txists a legally ¢Jiforceable right to set off the recognised amounts and the cliarity intends either to settle on a net basis. or to realise die asset and settle the liability simultaneously. Financ2al assets are derecognised when and only when a) the contractual rights 19 the cash flows fi'oni the financial asset expire or are seiiled, b) the charily Iransfei's to another pai'ty substanlially all of the risks and i'ewards of ownership of the financial asset, or cl the chai'Éty, despite havEng retained some, but not all, significant risk5 and rewards of ownei'ship, has ti'ansfeiTed rontrol of the asset to another pty. Financial liabilities are derecognised only when the Obligation specified in the contract is discharged, cancelled or expires. Page 11
Cylch Meithrin Llangyndeyrn Notes to tbe Financial Statements for th¢ Year Ended 31 March 2025 Debi i11slriipieNts Debt instruments which meet ihe following condititrns are subsequently measured at amortised cost U5in8 the effective interest method.. (a) The contractual return to the holder is (i) a fixed amDunt' (ii) a positive fixed rate or a wjsitive variable ratt. oi. (iii) a combination ora positive or a negalive fixed rate and a positive variable rate. (b} The contract may provide for repajrynents of the principal or the retum to th¢ holder (but not both) to be link¢d to a sing]e reltvanl obs¢ivable iiidex of general price inflation of the CUlTeti¢y in which the debt 1115truni¢nt IS denoniindttd, provided such links are not leveraged. (c) The contract Y piDYide for a detern)inable variation of the return to the holdei. during the life of the iTrstruinent, pi'ovided that (i) IhE new rate satisfies conditEon (8) and the vai'iation is ttot contingenl on fvtui'e events OtheT than (l} a change of a contractual variable I'ate-12) to protect the holder against Credit deterioration of the issiier,. {3) chaiiges in levie5 applied by a central bank oi. ayising fi'om clianges in iElevant taxation or law,. or (li} the new rate 15 a TE]arket rate Df intei'¢st and Satisfies condition {a). {d) There i5 Ito rontractual provision th&t could, by its terms, result in the holder105ing the principal amount or any interest atts'ibutable to the current period or prior periods. (e} CoTrtractual provisions thal perniit the issuer to prepay a debt instrument or permit the holder to put li back lo the issuer before matUTity al'e not contingent on future events, other than to protect the holder against the credit deta'ioration of lh¢ issuei. or a change in control of thE issuei., or lo protect the holder or issuer against changes in levies applEed by a ¢ellti71 bank or arising from changes in relevant taxation or law. {fj Contraeh]al provisions may pern)it the extension of the temi of the debt in5trum¢nt, provided that the reh]rn to the holder and any other contractual pi'ovision5 applicable during the extended temi satisfy thc conditions of paragraphs (a) to {c}. Debt instsuments that are classified as payable or re¢eivpble within one yeai. on it]itial recognition &nd which meet the above eonditions are measured at the ndISCOUnted amount of the cash Dr other consideratioii expected to be paid or received, net of impairment. With tlie exeeptÉon of soine hedging instruments, other debt instrnments not meeting these conditions are Im¢a5llred at fail. value through profit or IDSS. Commitments to Inake and IEceive loans which meet tlie conditions mentioned above are measured at ¢ost (whioh may be nil) less iinpainnent. Fthlr vulue Nieas14renienC The best eviden¢e of fair value is a quoted pi'ice foi. an identical asset in an active mai'ket. Wllen quoted prices are unavailable. the price of a Tec¢nt tronsaclion foi. an identical asset PlDvides evidence of fair value as long as thei'¢ has not been a signific8nt challg¢ in econon)ic Circiimstances or a significant lapse of tiine 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 fdir value is eslitnatttd by using a valuation technique. Page 12
Cylch Mei¢hrin Llangyndeyrn Notes to the Financial Statements for the Year Ended 31 March 2025 3 Ineome from donations and legacies Unrestricted rund5 CeReral Total funds Donations and legacies., Donations fi'om indivrduals Grants, iiicludiTrbF capital yJallts; Oovernment grants 1,821 1,821 1,498 1.498 Totgl for 2025 3.319 3,319 Total for 2024 12,803 12,803 4 Expenditure on cbaritable #etlvitTes Unrestrieted funds General Total funds Note 2,375 3,789 1,703 2.375 3,789 1,703 Allocated support costs Gov¢27]ance costs Total for 21125 7,867 7,867 Total for 2024 8,321 8,321 Page 13
Cylch Mei¢hrin Llangyndeyrn Notes to the Financial Statements for the Year li nded 31 March 2025 5 ARalysis of governonce and SUPPDrt costs Governance costs Unrestricted runds General Totgl funds Other govemance costs Allocated support costs Total for 2025 202 1,501 202 1,501 1,703 1,703 Total for 2024 1,882 1,882 6 Trustees remuner8llon and expenses No trustee5 Iiave received any I'eimbursed exp¢nses from the chai'ity during the year. Donations mad¢ by ti)e trusiees without any conditions attached lotalled £Nil fol. the year (2024- £310}. PJge 14
Cyleh Meithrin Llangyndeyrn Notes to the Financial Statements for the Year Ended 31 March 2025 7 Staffeosts The aggregate payroll costs were a5 follows.. 2025 2024 Staff cost$ dui'lng the year were: Wages and salai'ies Pension costs Other staff costs 25,572 392 211 31,110 559 378 26,175 32,047 The mOthlY avei'age nllmber of persons (including Senior management I leadership team) elp10Yed by the chai'ity during the year expirssed as full time equivaleii15 wa5 as follows: 2025 2024 No Average numb¢r of staff employed 2 (2024- 2) of the above employees participated in the Defined Conti'ibution Pension S¢hemes. Collb'ibutions to the employe¢ pension schemes for the year totalled £663 (2024- £1,304). No employe¢ rcc¢ived emoluments of more th8n £60,000 during thr y¢ar. 8 Taxatlon The charity is a registered chai'ity and is therefore exempt from taxation. Page 15
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Cyl¢h Meithrin Llangyndeyrn Notes to the FinanciAI Statements for the Year nded 31 Mareh 2025 10 D¢btors 2025 2024 Trade debtors 787 507 I I Cash And cash equivxlents 2025 2024 Cash on hxnd Cash at bank 80 3,773 234 16,791 3,853 17,025 12 CreditoiT: amounts falling due within one year 2025 2024 Trdde creditors Other taxation and social security Other creditors A(Cral5 2,482 790 110 2,124 3,195 1,264 3,746 13 P¢nsion and other Sehemes Defined eontribution pensio scheme Tlie charity operates a defiiied CODtribuiion pension scheme. The pension cost charge for the yeai. repirsents contributions payable by the charity to the scheme and amounted to £392 {2024- £559). Page 17
Cylch Meithrin Llangyndeyrn Notes to th¢ Financial Statements for the Year Ended 31 March 2025 14 Funds Unrestricted funds Bal#ne¢ &t I Aprll 2024 Balance 8t 31 March 2025 Unrestricted fund5 General General 22.253 22,253 Balance at I April 2023 IneorniThg resourtes Resource5 expended Balan¢¢ at 31 March 2024 Unrestricted funds Geiierrtl General 20,749 41,872 (40,368 22,253 IS AnAIy515 of net assets between funds Unrestricted funds General Total funds at 31 March 2025 Tangible fixed astS Current assets Cui'rent liabilitie5 5,977 4,640 3,746) 6,871 5.977 4,640 3,746) Total net assets 6,871 Unrestricted fuDds G¢iieral Tot21 fun(f5 Ilt 31 Marcli 2024 Tangible fixed assets Cuent asset5 Currertt liabilities 7,916 17,532 (3,195 7.916 17,532 3,195 Total net assets 22,253 22,253 Page 18
Cylch Meithrin Llangyndeyrn Notes to the Financi#l Statements for the Year Ended 31 March 2025 16 Analysls of nel funits At l Apr51 2024 At 31 March 2025 Cash at bank and in hand 17,025 17,025 Net debt 17,025 Flnaneing cash flows 17,025 At 31 March 2024 At l April 2023 Cash at bank and in hand 10.837 6.188 17,025 Net debt 10,837 6,188 17,025 17 Related phrty transaetion5 Th¢re wei'e no related party transactions in the year. Page 19
Cylch Meithrin Llangyndeyrn Slatement of Financial Activities by fund for the Year Ended 31 March 2025 Unrestricted Funds Total Total Unrestrieted Unre$tri¢ted ri ttnds FuEJds 2025 2024 Ineome and Endowments from: Donations and legliiies Other trading aciivities OtheT it2come 3,319 15,341 12,803 29,029 40 Total in¢om¢ 18,660 41,872 Expenditure on: Charilable activities Other expenditure Total expendilure (7.867) (26,1751 (8.321) 32,047 34,042 (40,368 Net (expenditure)1sncome Net movement in fynds 15.382) 1,504 115,382) 1,504 R¢conciliatlon olyunds Totsl funds brought forward 22,253 20,749 Totsl funds cari'ied forward 6,871 22,253 Thi5 page does not foi'm pai1 of the statutory financial slatements. Page 20
Cyleh Melthrin Llxllgyndeyrn Detailed Statement of Financial Activities for the Year Ended 31 Mar¢h 2025 Total 2025 Total 2024 Ineome #nd Endowmenf5 from: Donations and legacies (analysed below) Other ti'ading activities (analysed below} Otlier income {atYdlysed below) Total income 3,319 15,341 12,803 29,029 40 18,660 41,872 Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure (7,867) {26.175) (8,321} (32.047) {34,042) (40,368) Net (expenditure)lincorne (15,382) 1.504 Nel movem¢n¢ in fvnds (15,382) 1,504 Reeottciliatlon of funds Tolal funds broughi foiward 22,253 20,749 Total funds carried forward This pag¢ does not fonn part of the statulory fu¢18[ statements. Page21
Cylch MeRthrin Llangyndeyrn Detailed Statement of Financial Aclivitie5 for the Year Ended 31 March 2025 Tolal 2025 Tot41 2024 DoNnllons legaeles Appeals and donations UK Government ants 1,821 1,498 4,603 8,200 3,319 12,803 Oilier Irudliig UElivilies Cylch fees 15,341 29,029 15.34 29,029 Ollier ijicoiiie Other incom¢ 40 40 Clirtrllable rtcllvllles Purchases Hire of other assets {Spot hirel Casual wages Repairs and maintenance Compu(er sotiware &nd maintenance costs Advei'li%ing Depr¢ciaiion of fvmiiure and equipment Depreciation of fixtures and fittings Depreciation of office equipment Trade subscriptions Accountancy fres Legal and professioTtal fees (1,610) 1765) (1.276) (48) (526) (929) (289} 167) (1,574) (864) {510) (743) (1,335) (128} (1251 (500) (1,2571 8,321 (743} (1,067} {129) {202) (630) (871) 7,867 Oiher expÉiidlrNr£ Wages and salaries Staff NIC (Einployers) Staff pensions (Defined contribution)- pension scheme I Staff training (25,5721 1108) {284) (31.110) (359) (378) 26,175 32,047 Thi5 p8g¢ does not form part of ihe statutory financial stateillents. Page 22
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