CHARrrY REGISTRATION NUMBER: 1195407 Cylch Meithrin Treletert Unaudited Financial Statements 31 March 2024 PRITCHARD A'I GWMNI Chartered certified accountants Ffynnonddofn 74 Heol Fawr Abergwaun Sir Benfro Cymru SA65 9AU
Cylch Meithrin Treletert Financial Slatements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial statements Detailed statement of financial activities 12
Cylch Meithrin Treletert Trustses. Annual Report Year ended 31 March 2024 The trustees present thelr report and the unaudited financial statements of the charity for the year ended 31 March 2024. Referenco and administrallve detalls Registered charity name Cyl¢h Meithrin Treletert Charlty registratioD number 1195407 PiinGipal office Ysgol Ger Y Llan Heol Ty Ddewi Tletert Hwlffordd SA62 SSL Cymru The trustOè8 C Richardson L Richardson L Thomas M Mason R Beynon S Edwards Indopendent exomin•r lan Robert Williams FCA FCCA Structurei govgmanGe and management Type of governlng documenl. Constitution The charity is constituted as a CIO (Charitable Incorporated Organisationl. Any new trustees are elected during the charity committee meetings. Obj8¢tive$ and activitie8 The purpose of the charity is to provide sessional re and education of a high quality to children aged beeen 2 and 4 years through the medium ofwelsh. The Gharity provides opportunities for children to learn. play and socialise Ljnder the supeTViSion of profeSSnal. qualified and enlhusiaslic staff. The charity trustees have paid due regard to the public benefit guidance published by the Charity Commission.
Cylch Meithrin Treletert Trustees. Annual Report feontinuedj Year ended 31 March 2024 Achievgments and perfofmanco The main achievements of the chanty are.. Prov*Jing care and earfy education through the medium of Welsh lo children aged beeen 2 and 4 years old_ P¥oviding child care for working parents. Working collaboratively with the local primary school to deliver a Ivraparound, service for the schools nursery aged children. - Working wllaboralively with the local communities lo host and to be involved wrth fundraising adivities. Flnancial revlew On reviewing the charity's financial position at the end of the financial year, our positKsn looks promising ft)r the coming period. The reason for holding zero reseeS is due to all monies being used on staffing costs and resources. The trustees. annual report was approved on 27 March 2025 2nd signed on behalf of the board of trustees by.. C Richardson Trustee
Cylch Meithrin Treletert Independent Examiner's Report to the Trustees of Cyl¢h Moithrin Treletert Yoar ended 31 March 2024 I report to the trustees on my examination of the financial statements ol Cylch Merthrin Treletert I'the charity,) for the year ended 31 March 2024. Rosponsibilitle$ and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordan¢8 With the requirements of the Charities Ad 2011 I'the Act'i. I report in respect of my examination of the charity's financial statements 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 14515llbl of the Act. Independenl examiners statement I have completed my examination. I confimi that no matenal matters have come to my attention In connection with the examination giving me cause lo believe that in any material respect.. accounb.ng records We not kept in respect of the charity as required by section 130 of the Act.. or the financial statemen15 do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of account5 sel out in the Charit$ (Accounts and Rewrtsl Regulations 2008 other than any oquirement that the accounts give a 'true and fai¢ view which is not a matter considered as part of an independent examination. I have no con¢ems and have come across no other matters in conneclh)n with the examination to which allenlion should be drawn in this report in ord8r lo enable a proper understanding of the accounts to be reached. lan Robert Vmlliams FCA FCCA IndeFendent Examiner Ffynnonddofn 74 High Street Fishguard SA65 9AU 8 April 2025
Cylch Meithrin Treletert Statement of Financial Activities Year ended 31 March 2024 2024 Unreslri¢led funds Total funds Total funds 2023 Not• Income DonalKJns and legacies Trading activities Totsl income 9,995 24,810 34,805 9,995 24,810 34,805 11,026 14,366 25,392 Exp•ndlture Payments Cost of trading actNlties Total expenditure 32,265 32,265 32,265 27,194 27,194 32,265 Nol in¢omellexpenditurn} and net movement In funds 2,540 2,540 {1,8021 Reconciliatlon of funds Totsl funds brought fotward Total funds Carried forward 2.606 2,606 4.408 5,146 5,146 2,606 The statement of financial activities inclutles all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Th? nots8 on pages 6 to 10 f¢mi part of these financlal statements.
Cylch Meithrin Treletert Statement of Financial Position 31 March 2024 2024 2023 urrent assets Cash at bank and in hand 5,146 5,146 5,146 2,606 2,606 2,606 Net currnnt assets Total assets less current liabllitles Funds of the charlty Unrestricted fvnds 5,146 5,146 2,606 Total charlty funds 10 2,606 These financial stslements were approved by the board of tnjstees and aulhorised for issue on 8 April 2025, and are signed on behalf of the board by.. bTh£) MAA C Richardson Trustee L Thomas Trustee The notes on pag 6 to 10 forn part of these financlal ststoments.
Cylch Meithrin Treletert Notes to the Financial Statements Year endad 31 March 2024 General infom)atlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the princjpal office is Ysgol Ger Y Llan, Heol Ty Ddewi, Treletert, Hwlffordd, SA62 SSL, Cymru. Statement of complian¢e These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi* applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charilies SORP IFRS 10211 and the Charities Act 2011. Accountlng poli¢ies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expen¢Jilure. The financial statements are prepared in steding, which is the fUrtnal currency of the ents"ty. Going Conrn There are no material uncertainties about the charity's ability to continue. Judgoments and kgy sour¢•s of estimation uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimate5 and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated fvnd5 are unrestncted funds eamiarked by Ihe trustees for p8rticular fvture project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of tsvo sub-¢lasses' reslricled income fvnds or endowrnent funds.
Cylch Meithrin Treletert Notes to the Financial Statements (contlnu¢d) Year ended 31 March 2024 Accounting pollcles fcontirtued) Incoming resourcos All incoming resources are included in the statement of financial a¢b'vities when enb.tIeffnt has passed to the charity,. it is probable that the economic benefits associated with the transacts'on will flow to the charity and the amount can be reliably measured. The following specffic policies are appl to particular categories of income.. income from d¢Jnations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and it5 amount can bè measured reliably_ legacy income is recognised when weipt is probable and entitlemenl is estsblished. income from donated goods is measured at the fair value of the goods unless this is impractical to measL¢re reliably, In which case the value is derived frorn the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of genera5 volunteers. income from contracts for Ihe supply of services is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for il lo be spent on 2 particular purpose and relumed if unspent. in which case it may be regarded as restricted. Resources oxpended Expenditure is recognised on a payment basis as a liabilty is incurred. Expendrture includes any VAT which cannot be fully recoVed, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising acllvlties, events. non•chartsble Irading activities. and the sale of donated goods expenditure on charitable activities includes all costs incurred by 8 charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to Charitable aclivilw. other expenditure includes all expenditure that is neither related to raising funds for the charlty nor part of its expendilure on charitablg activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributab to a single activty are allocated directly to that activity. Shared Gosts are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Govomm8nt grants Government grants are recognised 8t the fair value of the asset received or receivable. Grants are not reeognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Cylch Meithrin Treletert Notes to the Financial Ststements fcondnu Year ended 31 March 2024 Ac¢ountlng pollcles (Conts'n) Gov•mment grants {¢orttinuedJ Where the grant dS not impose specified future performance-related condits'ons on the recipient, it is recognised in income when the grant pioceeds are received or receivable. Where the grant does imwse specified fvture performance-relaled conditions on the recipient, it is recognised in income only when the performance-fftlaled conditions have been mel. Vlfftere grants received are prior lo Satisfying the revenue recognition criteria. they are recognised as a liability. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of Ihe instrument. Basic financial Instruments are inrtially r8cognised at the amount receivable or payable including any relaled transaction costs, unless the arrangement constrlutes a financing transaction, where il is recnISed al the present value of the ftjture payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Donations and legacias Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grants Govemment grant income 9,995 9,995 11,026 11,026 Trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising even15 Fees 1,170 23,640 24,810 1,170 23,640 14,366 14,366 14,366 14,366 24,810 Cost of trading activitios Unrestricted Total Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Costs of other trading activities 32,265 32,265 27,194 27,194 Staff costs
Cylch Meithrin Treletert Notes to the Financial Statements iconllnu6dJ Year ended 31 March 2024 staff Gosts (¢onUftu8d) The average head count of employees during the year was 612023." 41. No ernployee received employee benefits of more than £60,000 during the ygar12023: Nil). Trust0• remuneratlon and eXnseS No remuneotion or other benefrts from employment with the charity or a reiated enltty were received by the trustees. fjovemment grants The amounts recognised in the financial statements for government grants are as follows-. 2024 2023 Recognised in income from donats'ons and legacies". Government grants InMe 9.995 11,026 10. Analysis of charltable funds Unrestricted funds Al 1 April 2023 At 31 Mar¢h 2024 Income Expenditure Gene@1 funds 2,606 34,805 132,2651 5,146 At 1 April 2022 At 31 March 2023 Income Expenditure General funds 4,408 25,392 (27,1941 2.606 11. Analysls of net a$$ots botween funds Unrestricted Totsl Funds Funds 2024 Current assets 5.146 5.146 Unrestricted Totsl Funds Funds 2023 Current assets 2,606 2.6
Cylch Meithrin Treletert Notes to the Financial Ststements (eonllnu¢d) Year ended 31 March 2024 12. Flnancial in$truments The carying amount for each category of financial instrument Is as follows.. 2024 2023 Flnanclal assets mea8ured at falr value through in¢ome and èxpendituro Financial assets measured at fair value through income and expenditure 5,146 2,606 10
Cylch Meithrin Treletert Management Information Yoar ended 31 March 2024 The followlng page6 do not form part of the financial Stateménts. 11
Cylch Meithrin Treletert Detsiled Statsment of Financlal Activities Year ended 31 March 2024 2024 2023 Incom• Donations and legacies Govemment grant income 9,995 11,026 Trading activltles Fundraising events Fees 1.170 23.640 14,366 14,366 24,810 Total income 34.805 25,392 Expenditure Cost of trading activltles Food Toys Salars and wages Pension contributions Training Accountancy Insurance and subscnptions Stationery Bank Charges Repaits and maintenance 419 420 30,172 274 375 90 272 121 401 108 25,526 625 60 165 165 47 97 28 32,265 27,194 Totsl expenditure 32,265 27,194 Not Incomel{expenditure) 2,540 (1,8021 12