REGISTERED CHARITY NUMBER: 1197607 Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2025 for ch Meithrin Y ol Y Bedol Ashmole & Co Chartered Certified Accountants Castle House High Street Ammanford Carmarthenshire SA18 2NB
Ich Meithrin Ys ol Y Bedol Contents of the Financial Ststements for the Year Ended 31st March 2025 Page Report of the Trustees Independent Exarniner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 14
C Ich Meithrin Y l Y Bedol rtoftheTrust forthe YeaT Ended 31st March 2025 The trustees present their report with the financial statements of the charity for the year ended 315t March 2025. The trustee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Public benefit The trustees confirm that they have complied with their duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. The Charity has demonstrated that our aims 3re for public benefit through the provision of activities and event5 which have enabled children to attend early years care and educational development in a safe environment The object of the charity is to njn a Cylch Meithrin for preschool children during normal school term times. Through the medium of Welsh, the charity assists with play. learning and basic education to enable the children to make a smooth progression into school life. ACHIEVEMENTS AND PERFORMANCE Charitable artivities We look after children between the ages of 2 and 4 years, and the maximum number of children aged two to three will not exceed 24. We ensure that the number of staff to Ca for the chiklren is always maintained at or above government guidance. We are open from 8.30am until 11.30am and 12.45pm and 3.15pm for childien attendiT)g on half days. Depending on availability we are also able to offer full days. Day care hours are 8.30am-3.1Spm. Staff meet the children at the door and bring them into the setting safely. A wide range of play actwities are plarhned and well supeNised to promote progress in all areas of a child'5 development and which aims to meets the individual child'5 needs. The children are offered a variety of learning experiences. they are given the OPPK>rtunity to play with sand, water, dough. clay, home-corner equipment, bhkes, construction toys and so on. We are alsts able to go out to the outdoor play area to play bikes, play with bean bags, hoops and so on. There are a150 plenty of opportunities for listening to stories, imaginative play, and for singing and dancing. Each session always includes a break for snack. FINANCIAL REVIEW Financial position The charity is mainty funded by Carmarthenshire County Council, Welsh Government, Flying Start and by children's fees paid by parents. Page I
h Meithrin Y ol Y Bedol rt of the Trustees for the Year Ended 31st March 2025 FINANCIAL REVIEW Reserves policy The Trustees review the needs for reserves in line with guidance issued by the Charity Commission. It is the policy of the charity to maintain unrestricted funds to ensure sufficient reserves to meet expenditure for the period following the end of the finanaal year until grant payments and children's fee5 are paid for the new financial year. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRAnvE DrfAILS Registered Charity number 1197607 Principal address Ysgol Y Bedol Folland Road Garnant Ammanford SA18 2BE Trustees G l Richards N Rockey G D Schoolmeester-Robert M E Thomas-jones DMP8rry M Williams Independent Examiner Ashmole & Co Chartered Certified Accountants Castle House High Street Ammanford Carmarthenshire SA18 2NB Approved by order of the board of trustee5 On..... and signed on its behalf by.. G l Richards- Trustee Page 2
Inde endent Examiner's Report to the Trustees of C I hmeithriny oly 5ndependent examlner's report to the trustees of Cylch Meithrin Ysgol Y Bedol I report to the charity trustees on my examination of the accounts of Cylch Meithrin Ysgol Y Bedol (the Trust) for the year ended 31st March 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparatn of the accour)t5 in accordance with the requirements of the Charities Art 20111.the Act'l. I report in respert of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Di[tionS given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's rtatement I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Sectv)n 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2LK18 other than any requirement that the accounts give a true and fair view which is a matter considered a5 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 accounts to be reached. Mrs Laura Craddock Ashmole & Co Chartered Certified Accountants Castle House High Street Ammanford Carmarthenshire SA18 2NB Date.. 131.1.I11(AS Page 3
h Meiihrin Y ol Y Bedol Statement of Financial Actsvitles for the Year Ended 31st March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable a¢tivities Charitable Activities 147,542 7,629 155.171 120,125 EXPENDITURE ON Charitable activities Charitable Activities 140,367 8.185 148,552 117,143 NET INCOME/IEXPENOITURE) 7.175 IS561 6,619 2,982 RECONCILIAnON OF FUNDS Total funds brought forward 40,923 3.C69 43,992 41,010 TOTAL FUNDS CARRIED FORWARO 48.098 2,513 50.611 43,992 The notes form part of these financial statements Page 4
h Meithrin Y l Y Bedol Balance Sh 3tst Marth 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrirted fund Restricted funds Notes FIXED ASSET5 Tangible assets 1,226 2.070 3.296 3,105 CURRENT ASSETS Debtors Cash at bank io 9,574 38.940 9,574 39.383 5,524 36.596 443 48.514 48,957 42,120 CREDITORS Amounts falling due within one year li 11.6421 11.6421 11,2331 NET CURRENT ASSErs 46.872 443 47,315 40.887 TOTAL ASSETS LESS CURREMf LIABIUTIES 48.098 2,513 50,611 43,992 NET ASSETS 48.098 2.513 50.611 43,992 FUNDS Unrestricted funds Restricted funds 12 48,098 2.513 40,923 3.069 TOTAL FUNDS 50.611 43,992 The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by.. Illiams-Trustee The notes form part of these financial statements Page 5
Ich Melthrin Y l Y aedol Notes to the Finanaal Statements forthe Year Ended 31st March 2025 ACCOUNTING POUCIES Basis of preparing the financial statements The financial Statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accovnting and Reporting by Chaiities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of lleland IFRS 1021 (effective l January 20191,. Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Art 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Ststement of Financial Activities once the charity ha5 entitlement to the funds, it is probable that the income will be received and the amount can be measured reliablv. Expenditure Li3bilitie5 are recognised as expenditure as s¢y)n as there 15 a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all cost related to the category. Where costs cannot be diTtlY attributed to particular headings they have been allocated to artivities on a b3515 consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life. Computer equipment 25% on cost Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestiicted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can onty be used for particular restricted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other p05t-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activtties in the period to which thev relate. Page 6 continued...
Meithrin Y ol Y Bedol Notes to the Financial Statements- continued lor the Year Ended 31st March 2025 INCOME FROM CHARITABLE AcfiviTIES 31.3.25 31.3.24 Activity Charitable Activities Charitable ActNities Charitable Activrties 39.415 114,689 818 24.249 94,634 929 Fees Grants Trips Raffle and Christmas Concert 249 313 Charitable Activities 155.171 120.125 Grants received, included in the above. are as follows: 31.3.25 31.3.24 60.946 29,584 4,104 Flying Start Childcare Offer Welsh Government Additional Support Grant Childcare and Early Years Small Grants kheme 202412025 Healthy Pre schools Sustainability Grant 66.455 40,505 3.783 2,198 i( 1,648 114.689 94.634 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 41 Support costs (see note 51 Totals Charitable Artivities 137,525 11.027 148.552 Page 7 continued...
ch Melthrin Y l Y Bedol Notes to the Financial Statements- ¢ontinued for the Year Ended 31st March 2025 DIREcfcoSTS OF CHARITABLE ACTIVITIES 31.3.25 31.3.24 Staff costs Sundries Equipment Craft Supplies Garden Materials Food and Milk Cost of Trips Rent Training CRB Costs 122,989 362 3.771 682 97,427 493 2,939 923 11 2,175 2,047 1,999 3,2CX) 104 196 281 2.299 1,741 3,222 883 199 137,525 110,407 SUPPORT COSTS Governance costs Management Tota15 Charitable Activities 8.709 2.318 11,027 Support costs, included in the above, are as follows= 31.3.25 Charitable Activities 31.3.24 Total actwities Insurance Telephone Postage and Stationery PPE Staff Travel Cleaning Materials Subscriptions Gifts Computei Costs Recruitment Repairs and Renewals Depreciation Accountanry and leB31 fees 150 125 180 645 349 582 1,359 120 379 302 364 694 1.034 227 3.044 183 441 146 1,068 1,342 2,318 1.035 1,296 11.027 6,736 Page 8 continued...
ch Meithrin Y l Y Bedol Notes to the Finanaal Statements- continued forthe Year Ended 31st March 2025 TRUSTEES. REMUNERATION AND BENEFffS There were no trustees, remuneration or other benefits for the year ended 31st March 2025 nor for the year ende(J 31st March 2024. Trustees. expenses There were no trustees, expense5 paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 Staff No employees received emoluments in excess of £60.CKiI. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total fvnds INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 116.021 4,104 120,125 EXPENDITURE ON Charitable activities Charitable Activities 116,108 1,035 117,143 NET INCOME/{EXPENDITUREI 1871 3,069 2,982 RECONCILIAnoN OF FUNDS Total funds brought forward 41.010 41,010 TOTAL FUNDS CARRIED FORWARD 40,923 3.069 43,992 Page 9 continued...
C Ich Meithrin Ys ol Y Bedol Notes to the Financial Statements- ¢ontlnued forthe Year Ended 31st March 2025 TANGIBLE FIXED ASSErs Plant and machinery Computer equipment Tota15 COST At 1st April 2024 Additions 4.140 4,140 1,533 1.533 At 31st March 2025 1.533 4.140 5,673 DEPRECIATION At 1st April 2024 Charge for year 1,035 1,035 1.035 1.342 307 At 31st March 2025 307 2,070 2.377 NET BOOK VALUE At 31st March 2025 1.226 2,070 3,296 At 31st March 2024 3,105 3,105 10. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors 9,574 5,524 11. CREDITORS: AMOUNTS FALUNG OUE WITHIN ONE YEAR 31.3.25 31.3.24 Other creditors 1,642 1,233 Page 10 continued...
h Meithrin Y l Y Bedol Notes to the Financial Statsments- continued for the Year Ended 31st March 2025 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds Gener31 fund 40,923 7,175 48,098 Restricted fund5 Welsh Government Childcare and Early Years Small Grants Scheme 202412025 3,069 19991 2,070 443 443 3.069 15561 2,513 TOTAL FUNDS 43.992 6.619 50,611 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 147,542 1140,3671 7,175 Restrlrted funds Welsh Government Additional Support Grant Childcare and Early Years Small Grants Scheme 202412025 Sustainabilty Grant 19991 13.7831 19991 3,783 2,198 1.648 11,7551 11,6481 443 7,629 18,1851 15561 TOTAL FUNDS 155.171 1148.5521 6,619 Page 11 continued...
h Melthriny olYBedol Notes to the Financial Statements- Continu forthe Year Ended 31st Marth 2025 li MOVEMENT IN FUNDS- Continued Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrirted funds General fund 41.010 1871 40,923 Restricted funds Welsh Government 3.069 3,069 TOTAL FUNDS 41,010 2,982 43.992 Comparative net movement in funds, included in the above are as follows= Incoming sources Resources expended Movement in funds Unrestricted funds General fund 116,021 1116,1081 1871 Restrirted funds Welsh Government 4,104 11,0351 3,069 TOTAL FUNDS 120.125 1117,1431 2,982 Page 12 continued...
Ich Meithrin Y ol Y Bedol Notes to the Finanaal St*ements- continued forthe Year Ended 31st March 2025 Iz MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position 1$ as follows.. Net movement in funds At 31.3.25 At 1.4.23 Unrestrirted funds General fund 41,010 7,088 48,098 Restricted funds Welsh Government Childcare and Early Years Small Grants Scheme 202412025 2.070 2,070 443 2,513 2,513 TOTAL FUNDS 41,010 9.601 50,611 A current year 12 months and prior year 12 months combined net movement in funds, included in the above a as follow5- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 263.563 1256,4751 7,088 Restricted funds Welsh Government Additional Support Grant Childcare and Early Years Small Grants Scheme 202412025 Sustainabilty Grant 4,104 3,783 12,0341 13.7831 2,070 2,198 1,648 11.7551 11,6481 443 11,733 19,2201 2,513 TOTAL FUNDS 275.296 1265,695 9,fK)I Pa8e 13 continued...
Ich Metthrin Y l Y Bedol Notes to the Finanoal Statements- continued tor the Year Ended 31st March 2025 12. MOVEMENT IN FUNDS- contlnued Welsh Government - A fund of that offers childcare providers and childminders small grant funding to improve their premises forthe provision of childcare service5. Additional Support Grant - A fund that is provided to ensure the thildcare element of the Childcare Offer is inclusive to eli gible children with additional support during the earty implementation period. Childcare and Early Years Small Grants stMe 202412025 - Grant funding for capital purchases for settings providing the Childcare Offer, Flying Start and/0 r foundation learning places. Sustainabiltty Grant fund - A restritted fund fomied from a grant received from Carmarthenshire County Council to maintain the opening of the cylch. This has been achieved by paying rent, wages and resources. 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. Page 14