REGISTERED OIARITY NUMBER: 1197607 of the Trustees and Unaudited Financial Statemen for the Year En aist March 2024 th Meithrin Y l Y Bedol Ashmole &Co Chartefed Certified Accountants Castle House High Street Ammanford Carmarthenshire S418 2NB
Cylth Meithrin Ys ol Y B_èdoi Conrents of the Financ5al Stiltements fo.r the Year Ended 31st Mai'ch_2_024 Page Report of the Trustees I to Independènt Examlner's Report ststement of Financial Actlvitles Balance Sheet Notes to the Flnanclal Statements 6 to Detalled Statement of FInal31 Artlviiies 11 to -.2
for the Year En
Rdllst Thll_ar
h202
The trustees Jresent their repon with the financial statements of the chèiity for the year ended
31st March 2(124. The trustees adopted the provisKThns of Accourtting and Reporting by Chariti.>s'.
Statement of Recommended Practlce applicable to charities preparin8 their accounls in accordance with Ihe
Flnancial Reporfing Standard applicable iii the UK and Republic of Ireland IFRS 1021 lelfLiCtive I january 20191.
OBJECTIVES AND AcnviTIES
Public benefit
The trustees c(Infirm that they have CDmplied with their duti in section 17 of the Charities Act 2011 to hLive
due regard to phjbllc benefit guidance published by the Commis510n.
The Charity h35 demonstrated that our aims are for public benefit through the provision of activities ¢ind
events which liave enabled children to attend ear years Ca and educational development in a Sijfe
environment
The object of the charity 15 to run a fylch Meithrin for presch)ol children during i).)mial school term times.
Through the triedium of Welsh. the ciarity assists with play. learniTrg and basic education to enable Ihe
children to make a smooth progression into school life.
ACHIEVEMENI. AND PERFORMANCE
Charltable aCtIltIeS
We look after r.hildren between the ages of 2 and 4 years. and the maximum number of children aged two to
three will not É.xceed 24. We ensure tl'at the number of staff -.o cafe for the children is always maintained. We
are open from 8.30am until 11.30am lor children and between 12.45pm and 3.15pm. Depending on availability
we are also able to offer full day. Day c4re hour5 are 8.30am-3.15pm. Staff will meet children at the door
ol Y Bedol QylthM.eitèirin Y_sL Report of the Trustees r.the Year End d 31st Mar REFERENCE AND ADMINISI'RATIVE DAlLs Registered Charity number 1197607 Prln¢5pal addres$ Y5gol V Bedol Folland Road Garnant AmmaT)ford SA18 2BE Trustees G l Richards N Rockev G D Schoolmeester-Robert M EThomas-Jones DMParry M Williams Independent Exam5ner Ashmole & Co Chartered Certified Accounyants Castle House High Street Ammanford Carmarthenshire SA18 2NB Appr¢)ved by or(ler of the brd of trustees on.-. .2.&1.0.3.12o?S and signed on its behalf ty. G l Richards- Trustee Page 2
Ind .Pe.n11e_nt Examlnerf5 Report tOrU Independent e>,'arnlner'$ report to the iru5tees of Cylth Melthrln Ys801 Y Bedol I report to the charity tru5tee5 on my emamination of the accounts of Cylch Meithrir, Ysgol Y Bedol Ithe Tiustl for the year enced 31st March 2024. Responslbllltle% and basis of Teport As the charity Irustees of the Trust Vosj a responsible for the preparation of the accounts in accordance iiiith the requirernei-.ts of the Charities Act 2iTrll I'the Act'l. I report in respe:t of my examination cf the Trusl's accounts carried out under Section 145 of the Act and in carrying out mil examlnation I have fullowed all applicable Directions given by the Lharity Commission uniler Section 1451511()l of the Act. Independent e>*miner'5 Statement I have completf.,d my examination. I c¢nfirm that no material matters have come to my attention in connect.on with the examiriation Biving me cause to believe that in any material res¢t. accounting records were not keFt in respect of the Trusi 35 required by Section 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply ¥iiith the applicable reqJirements concerning ".he form and content of account4 Set out in the Charitie) (Accounts and Reports) Regulations 2O)8 otlier than any requirement that th¢ account5 give a true and fèir view whlch is not a matter considered r.ls Part of an independent examinètion. I have no conierns and have come rosS no other matteri in connection wlth the examination to which attention should lje drawn in this rei)ort in order to enable a proper understandiiig of the attouT)ts to be reached. rs Laura Crad..lock Ashmole & Co Chartered Certi. led Accountants Castle House High Street Ammanford Carmarthen5hiie SA18 2NB Date.. Page 3
Ich Meithrin Ys8oI Y B£dot Statement of_Flnanc.lal A]t1*S the Year Ended 31st Mg_r¢h 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fur.cl Restricted fund Notes INCOME AND ENDOWMENTS FROM Charitable aCtIltIeS Charitable Activities 116.OLI 4,104 120,125 117,34.1 EXPENDITURE I)N Charltable acti111e5 Charitable Actiiiitie5 116,1(48 I35 117,143 NET INCOMEIIE:.XPENDITUREI 1871 3.069 2,982 7,5211 RECONCILIATION OF FUNDS Total funds broijght forward 41.010 41,010 33,4 TOTAL FUNDS IARRIED FORWARD 40,9-.3 3,069 43,992 41,OlQ The notEiS form part of these financial statements Page 4
C¥l£h M_eithrln Y ol Y B[ Balance Sheet 31.3.24 Total funds Unrestricted fuD.Il Restricted fund Total funds Notes FIXED A55ETS Tangible assets 36 3,069 3,lOS CURRENT ASSE'fs Debtors Cash at bank 5,524 36,596 33,093 42,120 42,01 CREDITORS Amounts fallin=. due within one year io {1.2i31 11,2331 11,03111 NET CURRENT ASSErs 40,8E',7 40,887 41,0111 TOTAL ASSETS LESS CURRENT LIABIUTIE5 3,069 43,992 41,010 NET ASSETS 3,069 43,992 41,010 FUNDS Unrestricted furids Restricted fund:. li 40,923 3,069 41,010 TOTAL FUNOS 43.992 The financial statements were approved by the Board of Trustees and £uihorised for issue on ..2&..l.o3.1.%OLS . and were sigiied on its behalf by-. illiam5 Triistee The notès fom) part of these financial statements Page 5
.J_Ich Melthrln Y 801 Y Bed N¢Ltes to tILe Finan¢ia_I Statements frf.lr the Y -ar Ended 31st Mar - h ?Q24 ACCOUhlTING POUCIES Basls of pparing the financlal itatements The finLincial statements of tFe charity. which Is a kiublic benefit entity ui'der FRS 102, have bf en preparerl in accordance with rthe Charities SORP IFR) 1021 'Accounting anj Reporting by Chariti,: Statement of Recommended Practice app14cable to Ihaiities preparing thei. accounts in accordaiice with the Financial Reporting Standard applicable in the UK and Republic of Irel and IFRS 1021 leffectiv? I january 20191., Financial Repor'.irig St3nd3rd 102 'The Financial Reporting Star1dard applicable in tlie UK and Repjblic of Ireland, and thi, Charities Acl 2011. Th. financial statements Iiave been prepared un,:ler the histcrical c05t convention. Income All incoriie 15 recognised in the Statement of Financial 4ctivities once the charity has entitlement to Ihe funds, it is probable that the Incone will be received anc the amount can be me""sured reliably. Expendil'.ure Liabilitiej are COgnised as expenditure as soon as the.e is a legal or constructive obligation tomn)itiing the charity to that expenditure it is probable that a transfer of economic béinefits will be required in settlemÉ'nt and the amount of the obligation can be measured reliably. Expen(lsture Is accounted for on an accruals ba$15 and has been -13ssified under headini."s that aggregate all co.'It related to the category. Where costs cannot be directly attributed to particular he3dings they have b-.jen allocated to activities on a bès s consistent with the use of resources. Tanglblo flxed assets oeprecii.tion is provided at ihe following annual rates in order to wrtrte off eaci a55et over its estimated useful life. Computgr equipment 25." on cost Taxatlor, The chai'ity is exempt from tax on its charitable activities. Fund ao.nuntlng Unrestrii'ted funds can be US in accordance with the charitable objective% at the discretion of Ihe trustees, RestrictEd funds can only used for particular restrixed purposes withln tlie objects of the charity. Restrictii)n5 arise when specrfied by the donor or when fursds are raised for particular restricted puipose'.- Further explanation of the Traiure and purpose of earh fund is induded in the notes to the finan¢.1 statemeiits. Penslon costs and other post-rÈilenI benefits The chai-lty operates a define( contribution pension icheme. ContributionE payable to the charil'.v's pension scheme a char8ed to the Statement of Financ al Activities in the perioij to which they relate. Page 6 continued.
ote5 to ihe Financial StatenNents-ntIne lo[.the Year En d 31st mAbI9 INCOMIE FROM CHARITABLE ACTNMES 31.3.24 31.3.23 Fees Charitable Activities Grants Cliaritsble Activities Trips Charitable Activities Raffle & Chflstmas Concert Charitable Activities 24,249 94,634 929 313 25,881., 120.125 117,345 Grants received. included in the above, are as follows: 31.3.24 31.3.23 Flyin@ S'tart Child Cr. re Offer Welsh <tiovernment 60,946 29,584 4,104 63,556 27,411 94.634 90,97.-; CHARII'A8LE A1VITIEs COSTS Support costs (see note 41 Dirert Costs Totals Charital)le Actniities 110,407 6,736 Page 7 continue(J...
Cy.1¢.1elthTrn Y_SLOI Y B£dot Not¢s to tbe Financial Stateme_nLs_- orflnued fi"Ir the Year_Ended_31st M3r¢h 2_024 SUPPOR T COSTS Governance costs Management Totals Charitable Activities 5,440 1.296 6,736 TRUSTEI:.S' REMUNERATION AND BENEFITS There vri)re no trustees, remunijration or other benefits for the year ended 311',t March 2024 nor for Ihe year ended 315t March 2023. Trustees. expenses There were no trustees, expenses paid for the year pnded 31st March 20211 nor for the year ended 31st Mai£h 2023. STAFF CI)STS The average monthly number ol employees during the VEar was asfolk)w5: 31.3.24 31.3.23 Staff No employees received emoluments in eXs5 of £fAI,(kn). COMPAIIATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted fund Restrlcted fund Total funds INCOMI.. AND ENDOWMEMTS Fnom char5tal.ile artlvllles Charitable Activities 117,345 117,34:, EXPENDITURE ON Charltable activltles Charitable Activities 109.825 109.82.J NETINCI)ME 7.520 7,520 RECONCILIATION OF FUNDS Total fur'ds brought forward 33,4 33,4 Page 8 continued.
hrln Yslpl Y Bedol Notes to th_e Financl_al St4tements. continue_d f'orth Y rE eLDd<dllst March 2 24 COMPARATIVES FOR THE STATEMEVf OF FINANCIALAcnviTlfS. Contlnued Unrestricted lund Restricted fund Tot31 TOTAL TrUNDS CARRIED FORWARD 41,010 41,010 TANGIBLE FIXED ASSETS Computer equipmenl COST Additions 4,14Q DEPRE(.'IATION Charge1or year 1,035 NET BOOK VALUE At 31sl Imarch 2024 3,105 At 31st lifjarch 2023 DEBT0145: AMOUNTS FALLING I)UE WITHIN ONE Y£AR 31.3.24 31.3.23 Trade dpbtors 5,524 Page 9 continued...
Cylch Meithrln Y5LoI Y B[ otes lo the Financia!_Statempnts- .e_d. for the Year Ended 31st M_ars_h 3024 io. CREDIT(IRS: AMOUNTS FALUN(I DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other crpditors 1,233 1,038 ii. MOVEMENT IN FUNDS Welsh Government - A fund o- that offers thildcare p"oviders and childmindc.lrs small grnnt funding to improve thelr premlses for the p"ovision of chIldca seMte5. 12. RELATECI PARTY DISCLOSURES There wiare no related party trarisactlons for the year ended 31st Marth 2024. Page 10
ch MR&h_rln.Ys801 Y B1 Detailed Statement of Finamial Actlvitle fiJr]bthLr End d 31st m_ZQ2 31.3.24 31.3.23 INCOME AND ENDOWMENTS Charitable actIltIeS Fees Grants TrSps Raffle & ChristtTias Concert 24,249 94,634 929 313 25,88t> 120,125 117,34:1 Total incomln8 resources 120,125 117,34:1 EXPENDITURE Charltsble actiwitles Wages PensiL)n5 Sundries Equipment Craft Supplies Garden Matericils Food and Milk Cost of Trips Rent Training CRB Costs 95,727 1,700 493 2,939 923 281 2,299 1,741 3,222 883 199 36.,! 3,17:! 6511 3411 1,8211 91() 62G 139 .110,407 Support costs Management Insurance Telephone Postage and 51'.ationery PPE Staff Tfavel Carried forwa,.d 125 645 349 582 1.881 7Q..I 3611 1,91:> This page does not fomi part of the statLStory financial statemenls Page 11
l¢h Melthrin Y l Y Bedol Detailed Statement of Financial Activi for the Year Ended 31st Marth 2024 31.3.24 31.3.23 Management Brought fonKard Cleaning Materials Subscriptions Gifts Computer Costs Recruitment Depreciation 1,881 1.359 120 379 302 364 1,035 1,915 1,218 120 537 102 5.440 3,892 Govemance Costs Accountancy and legal fees 1,296 1,152 Total resources expended 117.143 109,825 Net incorne 2.982 7.520 This page does not form part of the statutory finanaal statements Page 12