CHARITY REGISTRATION NUMBER: 1195407 Cylch Meithrin Treletert Unaudited Financial Statements 31 March 2025 PRITCHARD A'I GWMNI Chartered accountsnts Ffynnonddofn 74 Heol Fawr Abergwaun Sir Benfro Cymru SA65 9AU Cylch Meithrin Treletert Finan¢ial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financi81 activities statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial activities 12 Cylch Meithrin Treletert Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnistratlve detalls Rog16ter¢d charity namè Cylch Meithrin Treletert Charity reg18tratlon number 1195407 Prin¢ipal ofllce Ysgol Ger Y Llan Heol Ty Ddewi Treletert Hwlffordd SA62 SSL Cymru The tru8taes C Richardson L Richardson L Thomas M Mason R Beynon S Edwards Indopendont examiner lan Robert Williams FCA FCCA Stwdure, governance and management Type of goveming document.. Constitution The charity is con$tituted as a CIO {Charitable IncorFX)rated Organisalion). Any new trustees are elected during the charity committee meets'ngs. Objeclives and activitiès The purpose of the charity is to provide sessional care and education of a hfigh quality to children aged btheen 2 and 4 years old through the medium ofwelsh. The charity provides opportunities for children lo learn. play and so¢ialise under the supervision of professional. qualified and enthusiastic staff. The charity trustees have paid due regard to the public benefit guidance published by the Charity Commission. Cylch Meithrin Treletert Trusteos. Annual Report (COn￿n￿ed) Yaar éndad 31 March 2025 Achievements and perfomiancg The main achievements of the charity are.. Providing care and early edu¢ation Ihrough the medium of Welsh to children aged betsveen 2 and 4 years old. Providing child Ca￿ for worklng pa￿nts. Working collaboratively with the lo¢al primary ￿h0o1 to dgliver a Wrap-around, service for the schools nursery aged child￿n. Working collaborativety with the local communities to host and to be involved with fvndraising ath'vities. Flnanclal rovlew On ￿VIewIng the charity's financial position al the end of the financial year, our posibon kM)ks promising for the coming period. The reason for holding zèro r8seNes is due to all monies being used on siaffing costs and resour¢es. The trusteès, annual report was approved on 26 January 2026 and signed on behalf of the board of trustees by.. C Richardson Trustee Cylch Meithrin Treletert Independent Examiner's Report to the Trustees of Cylch Meithrin Treletert Year ended 31 March 2025 I rewt lo the trustees on my examination of the financial statements of Cylch Melthrin T￿letert I'the charity,) for the year ended 31 March 2025. Rosponsibilitios and basis of roport As the trustees of the charity you are responsible for the preparation of the ffnancl81 statements in a￿dan￿ with the requirements of the Charrties Act 2011 ('the ACYI. 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 145{5llbl of the Act_ Independent examlnerfs statom•nt I have completed my examination. I confimi that no material matters have come to my attention in ¢onne¢tion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the chaiity as required by section 130 of the Act, or the financial statements do not accord with those records", or the financial statements do not compty with the applicable requirements conceming 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 fai¢ view which is not matter Considered as part of an independent examination. I have no ¢<￿￿mS and have come across no other matters in connection with the examination to which attention should be drawn in this report In ordei to enable a proper understsnding of the accounts to be reached. lan Robert Wllrams FCA FCCA Independent Examiner Ffynnonddofn 74 High Street Fishguard SA65 9AU 26 January 2026 Cylch Meithrin Treletert Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Totsl funds Totsl funds 2024 Not• Income Donations and legacies Trading activities Totsl In¢ome 15,281 15,536 30.817 15,281 15,536 30.817 9,995 24,810 34,805 Expenditure Payments Cost of trading activities Total oxponditurfr 34.053 34,053 34,053 32,265 32.265 34,053 Net lexpondlture}Ilncomg and not movemenl In funds 13,2361 13.2361 2,540 Reconciliation of funds Total funds brought forward Total funds ¢arrl¢d forward 5,146 5,146 1,910 2,606 1,910 5,146 The statement of financial activities includes 811 gains and losses recogni5ed in the year_ All income and expenditure derive from eontinuing activities. Tho note8 on pagu 6 to 10 fom) part of th￿6 flnanclal 8tstsments. Cylch Meithrin Treletert Statsment of Financial Position 31 March 2026 2025 2024 Current a88ets Cash 81 bank and in hand 1,910 1,910 5,146 5,146 5,146 Net currènt assets Totsl as¥•ts less ¢urr¢nt liabllllles 1,910 Funds of the charity Unrestricted funds 1,910 1,910 5,146 5,146 Totsl eharity funds 10 These financial statements were approved by the board of trustees and authorised for issue on 26 January 2026, and are signed on behalf of the board by.. C Richardson Trustee L Thomas Trustee The notss on pageg 6 to 10 f¢)m) part of th989 financial ststsm•nts. Cylch Meithrin Treletert Notss to the Flnancial Statsments Year ended 31 March 2025 General Infomiation The charity is a public benefit entity and a registered charty in England and Wales and is unincorporated. The address of the principal office is Ysgol Ger Y Llan, Heol Ty Ddewi. Treletert, Hwlffordd, SA62 SSL. Cymru. ststement 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)} and the Charities Act 2011. Accountlng policies Basis of prePara￿&Th The financial statements have bean prepared on the historical cost basls, as modified by the revaluation of Gertain financial assets and liabilities and investment properties measured at fair value through income or expeftditure. The financial statements are p￿Pared in sterflng, which is the fvnGtional ¢urren¢y of the entity- Going concern Thère are no material uncertainties aL¥)ul the charity's ability to continue. Judgements and key sgurces of estimation uncertainty The preparation of the financial statements ￿qUireS management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of luture events that are believed to be reasonable under the cir¢umstances. Fund accounting Unrestricted funds are available for use at the discretion of the twslees to fvrther any of the charity's purposes. Designated fvnds are unre$thcted funds earmarked by the trustees for particular futu￿ project or commitrnent. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of ￿ su￿aSseS.. restricted income funds or endowment fvnds. Cylch Meithrin Treletert Notes to the Financial Statements (conllnuodj Year ended 31 March 2025 Accounting policles fcontinued) Incoming resources All incoming resources are included in the statement of financial activtties when entillement has passed to the charity.. it is probable that the econorni¢ benefits associated with the transaction will flow to the charity and the amount can be reliabty measured. The following specffic po]￿leS are applied to particular categories of income.. income from donations or grants Is recognised when there is evidence of entiuement to the gift, receipt is probable and its amount can be measured reliably. legacy income is rewgnised when receipt is probable and entiyemenl is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliabty. in which case the value is derived from the cost lo the d￿or or the estsmated resale value. Donated facilities and seNices are recognised in the accounts when recewed if the value can be reliably m88sured. No amounts are included for the coThtrt"bution of general volunteers. in¢ome from contracts for the supply of services is recognised with the dellvery of the contr8cted service. This is classified as unrestricted funds unless there is a contractu81 requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources exponded Expenditure is recognised on a payment basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of ffinancial activities io which il relates.. expenditure on raising funds in¢ludes the costs of all fundraising activities. evenls, non4haritable trading activities, and the sale of donated goods expenditure on charitable activities includes all costs inCu￿ed by a charity in undertaking activities that fijrther ils charitsble aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable actNlties. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on ¢haritabte athities. AJI costs are allctsled to expenditure categories reflecting the use of Ihe resource. Direct costs attributable to a single activty are allo¢ated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Govemmenlgrants Government grants are recognised al the fair value of the asset received or re￿1Vable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them ar)d the grants will be received. Cylch Meithrin Treletert Notes to the Financial Statements f¢ontlnu8d) Year ended 31 March 2025 Accounting policies (¢onllnuodJ Governmont grants (condnu6d) ere the granl does not impose specified future perfomance-related eondilions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified fiJture performance-related conditions on the recipient, it is re¢ognised in income only when the perfomance-related condibons have been met. Where grants receNed are prior to satisfying the revenue recognition cnteria. they are recognised as a Flnancial instruments A financial asset or a financial liability is recognised onty when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. unless the arrangement constitutès a financing transaction, where it is recognised at the pre$enl value of the hjture payments discounted at a mafket rale of Inte￿$t for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash ￿ other consideration expected to be paid or rerRived and not discounted. Donallons and legacles Unrestr￿ed Total Fund8 Unrestricted Total Fund$ Funds 2025 Funds 2024 Grants Government grant incom8 15,281 15,281 9,995 9,995 Tradlng activiti•s Unrestricted Totsl Fund8 UnrestTiCted Total Funds Funds 2025 Funds 2024 Fundr8ising events 1,170 23,640 24.810 1,170 23,640 24,810 15.536 15.536 15,536 15,536 Cost of trading acilvlties Unrestricted Totsl Fund8 Unre5trthd Total Funds Funds 2025 Funds 2024 Costs of other trading activities 34,053 34,053 32,265 32,265 staff costs Cylch Meithrin Treletert Notes to the Financial Statements fe¢•i&"nu•dJ Year ended 31 March 2025 Staff ¢osls {¢onWnu8dJ The average hèad count of employees during the year was 512024.. 61. No employee received employee benefits of more than £60,CK)O during the year12024.. Nill. Tw$tee remuneratlon and expgnses No remuneration or other benefits from employmenl wth the charity or a ￿lated entity were feceived by the trustees. Government grants The amounts recognised in the financial statements for govemmenl grants are as follows: 2025 2024 Recognised in in¢ome from donations and legacies.. Government grants income 15,281 9.995 10. Anatysis of charitable funds Unre8trl¢ted fund6 At 31 March 2025 1 April 2024 InconR Expendilure General fvnds 5,146 30,817 {34.053} 1,910 At 1 April 2023 At 31 March 2024 Income Expenditure General funds 2,606 34,805 132,2651 5,146 11. Analysis of net asuts ￿tWo*n funds Unrestricted Total Funds Funds 2025 Current assets 1,910 1,910 Unrestricted Total Funds Funds 2024 Current assets 5,146 5,146 Cylch Meithrin Treletert Notes to the Financial Ststements l¢ortlnued) Year ended 31 March 2025 12. Flnanclal Instruments The carying amount for each Category of financial instrument is as follows., 2025 2024 Flnan¢lal a88ets measured at fair value through Income and expenditure Financial assets measured at fair value through income and expenditure 1,910 5,148 10 Cylch Meithrin Treletert Management Information Year ended 31 March 2025 Th• followlng pago8 do not fomi part of tho finan¢ial statom•nts. 11 Cylch Meithrln Treletert Detsiled Statsment of Financial Activiti•S Year ended 31 March 2025 2025 2024 Income Donations and legacles Government grant income 15.281 9,995 Tradlng a¢tlvhles Fundraising events Fees 1,170 23,640 24,810 15.536 15,536 Total income 30,817 34,805 Expendituré Cost of trndlng aCtIv￿o8 414 7,211 24.487 452 419 420 30,172 274 375 Toys Salaries and wages Pension contributions Training Accountsncy Insurance and subscriptions ststionery Bank Charges Repairs and maintenance 192 257 131 95 770 272 121 28 34,053 32,265 Total expenditure 34,053 32,265 Nèt (•xpendltureylncome 13.2361 2,540 12 Cylch Meithrin Treletert Notes to the Detsiled Statement of Financial Activities Year ended 31 March 2025 2026 2024 Cost of tradlng a¢tlvities Costs of other trading activities Food Toys Salaries and wages Pension contributions Training Accountancy Insurance and subscriptions Slaknonery Bank Charges Repairs and maintenan 414 7.211 24,487 452 419 420 30,172 274 375 90 272 121 192 257 131 95 770 28 34,053 32,265 Cost of trading actsvlties 34,053 32,265 13