Charity registration number 1193899
CYLCH MEITHRIN NEFYN
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CYLCH MEITHRIN NEFYN
LEGAL AND ADMINISTRATIVE INFORMATION
Charity number
1193899
CYLCH MEITHRIN NEFYN
INDEPENDENT EXAMINER'S REPORT
TO THE OF CYLCH MEITHRIN NEFYN
I report to the board on my examination of the financial statements of Cylch Meithrin Nefyn for the year ended 31 March 2024.
Responsibilities and basis of report
As the board of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the ’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
-
1 accounting records were not kept in respect of the as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Dated: .........................
- 1 -
CYLCH MEITHRIN NEFYN
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | ||
|---|---|---|
| funds | ||
| 2024 | ||
| Notes | £ | |
| Income from: | ||
| Donations and legacies | 71,660 | |
| Total income | 71,660 | |
| Expenditure on: | ||
| Charitable activities | 1 | 60,007 |
| Total expenditure | 60,007 | |
| Net income and movement in funds | 11,653 | |
| Reconciliation of funds: | ||
| Fund balances at 1 April 2023 | 18,339 | |
| Fund balances at 31 March 2024 | 29,992 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 2 -
CYLCH MEITHRIN NEFYN
BALANCE SHEET
AS AT 31 MARCH 2024
| Notes Current assets Debtors Cash at bank and in hand Net current assets The funds of the Unrestricted funds 6 The financial statements were approved by the on ......................... .............................. |
2024 £ (1) 29,993 29,992 |
£ 29,992 |
|---|---|---|
| 29,992 | ||
| 29,992 | ||
- 3 -
CYLCH MEITHRIN NEFYN
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
1 Expenditure on charitable activities
| Direct costs Accountancy Fees Bank Charges Cleaning Purchases Postage & Stationary Repairs & Renewables Subscriptions Uniform Costs Wages Activity Costs Food Analysis by fund Unrestricted funds 2 Net movement in funds |
2024 £ 998 61 366 1,212 675 4,990 270 174 49,496 1,025 740 |
|---|---|
| 60,007 | |
| 60,007 | |
| 2024 £ |
The net movement in funds is stated after charging/(crediting):
3
None of the (or any persons connected with them) received any remuneration or benefits from the during the year.
4 Employees
The average monthly number of employees during the year was:
2024 Number 5
There were no employees whose annual remuneration was more than £60,000.
5 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 4 -
CYLCH MEITHRIN NEFYN
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024
6 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | 18,339 | 71,660 | (60,007) | 29,992 |
| Warning: Balance c/f from prior period does not equal balance | b/f in current | period | 18,339 |
- 5 -