## **CYLCH MEITHRIN GLANRAFON** ## **Financial Statements For the Period 1[st] September 2023 – 31[st] August 2024** **Charity Number 1199512** ## **CYLCH MEITHRIN GLANRAFON** ## **Index to the Financial Statements** ||**For the Period**| |---|---| |**1st September 2023 – 31st August 2024**|| ||**Page**| |Charity Informaton|3| |Trustees’ Report|4-7| |Independent Examiner’s Report|8| |Receipts and Payments|9-10| |Notes to the Financial Statements|11| 2 ## **CYLCH MEITHRIN GLANRAFON** ## **For the Period 1[st] September 2023 – 31[st] August 2024** ## **CHARITY INFORMATION** ## **TRUSTEES** - LISA DAVIES (APPOINTED 17 SEPTEMBER 2023) - ELIN EVANS (APPOINTED 19 SEPTEMBER 2023) - NIA FARREN (RETIRED 19 SEPTEMBER 2023) - CATRIN HUGHES (RETIRED 19 SEPTEMBER 2023) - JESSICA MCKINLAY (APPOINTED 19 SEPTEMBER 2023) - VICTORIA WILLIAMS (RETIRED 19 SEPTEMBER 2023) - OLWEN CORBEN ## **CHARITY NUMBER 1199512** **BANKERS** HSBC **CONTACT INFORMATION** Jessica McKinlay c/o Cylch Meithrin Glanrafon Ysgol Glanrafon Lon Bryn Coch Yr Wyddgrug Flintshire CH7 1PS 3 ## **CYLCH MEITHRIN GLANRAFON** ## **Trustees’ Annual Report** The Trustees present their annual report with the accounts of the charity for the period 1[st] September 2023 to 31[st] August 2024. ## **THE OBJECTS OF THE CHARITY** The objects of CYLCH MEITHRIN GLANRAFON (hereinafter referred to as CMG, or ‘the Cylch’) are: AMCANION Y GYMDEITHAS YW HYRWYDDO ADDYSG PLANT DAN OED YSGOL YN YR WYDDGRUG TRWY GYFRWNG YR IAITH GYMREAG. TO ADVANCE THE EDUCATION OF PRE-SCHOOL CHILDREN IN YR WYDDGRUG THROUGH THE MEDIUM OF THE WELSH LANGUAGE. The aim of CMG is to provide quality Welsh-medium day care and early years education for children aged 2 years to 4 years. The Cylch will achieve this through: - **Supporting children to achieve the best possible outcomes through care, learning and play** CMG offers a welcoming environment for children with appropriate and high standard toys and resources to meet their needs and development. Children are introduced to activities which promote the Flying Start Scheme and the New Curriculum for Wales in order to ensure the best possible start to their education. Our outdoor play areas have been carefully planned and developed, to create opportunity and highlight the importance of outdoor activities. - **Supporting children to feel valued, safe, healthy and confident** Our priority is the happiness and safety of each child – our homely and happy environment offers the best possible care, and the chance for each child to learn and to develop to their full potential. Children will feel secure and confident. - **Ensuring the quality of care offered is continuously improving and that children and parent/carer’s voices are heard** Our staff have the appropriate qualifications and attend regular training. We work with support officers from Mudiad Meithrin and the local Council, to ensure that our childcare provision is continuously reviewed and developed in keeping with latest regulations. The children are encouraged to express their views and emotions during the sessions making use of a variety of tools such as happy and sad faces to help name their emotions. The children are offered a wide variety of play based activities. 4 The Charity Commission’s guidance on public benefit is taken into consideration during trustee meetings and when planning our annual activities. The Charity Commission's public benefit criteria is met for both the advancement of education, and the advancement of citizenship or community development headings. ## **GOVERNANCE AND MANAGEMENT STRUCTURE** The Governing Document for Cylch Meithrin Glanrafon is: June 2022. CIO - ASSOCIATION registration 30[th] Trustees are appointed by the members, on a rolling programme, to serve for at least one year but may be re-elected or re-appointed. The administrative work of CMG is carried out by the management committee with delegation to Business and Administrative managers. The Business manager is responsible for the day to day running of the Cylch (including invoicing), staff management and communication with parents and carers. Management Committee meetings are normally held six times a year both virtually and in person, with at least three meetings in person. There is an Annual General Meeting generally held in September at the beginning of the academic year. The management committee seek to make decisions collectively during their regular meetings. Dates and times of Annual General Meetings are published on CMG social media and advised through usual communication channels with parents and carers. ## **ACHIEVEMENTS AND PERFORMANCE IN THE YEAR** September 2023 saw a full changeover of the management committee for CMG. Building on the strong foundations created by the former trustees, the new trustees were able to navigate a successful academic year. Demand for childcare in the setting is unwavering with over 60 children registered for the Cylch at the end of August 2024 and waiting lists growing. In order to manage increasing numbers of children, the Cylch has expanded the substantive staff headcount. A Business Administrator was appointed to support the Business Manager with day to day administration of the Cylch and while two assistants moved on to other settings during the year, CMG welcomed four new members of staff to support our children and further enrich the skills and experience within the team. Grant funding received in the year has been used for the benefit of education and play in the outdoor area with works and equipment installed and project managed by the CMG Business Manager. The Business Manager maintains a positive relationship and continues to work alongside the adjoining Welsh-medium primary school, for which CMG offers wrap around care for the pre-school aged children. Charitable funds have been used to host a teddy bear picnic for the children and their families to celebrate finishing the academic year. 5 Delivery of high quality, safe and supportive childcare has remained the management committee’s priority whilst also working to strengthen the governance and administration of the setting. The management committee secured a personalised domain, reviewed registration documentation, updated policies, and commissioned a new brand to promote greater professionalism in the setting. CMG has also implemented a new and more secure cyber infrastructure by accessing a grant from Microsoft, available to charitable organisations. ## **PLANS FOR FUTURE PERIODS** We will continue to be an organisation committed to delivering a high-quality early education setting for all attending, promoting Welsh language and culture alongside fundamental development and learning for children aged 2-4. As a charity, it is CMG’s intention to deliver affordable childcare to those in the local area; this is particularly prevalent with the current economic climate and continued reference to the cost of living crisis affecting many families. Whilst keeping fees affordable for those families accessing our services, CMG must continue to deliver a financially sustainable organisation with safety and safeguarding at the heart of our operations. In addition to the revenues generated from the fees charged (be it direct payment, Early Entitlement, Flying Start or other government backed income), CMG will explore all other funding options available. These options include applying for grant funding to support specific projects and tasks (for example, the development of outdoor facilities, staff development and training, other vital equipment etc.). The management committee will also promote the activities of the organisation actively within the community, raising awareness of the services offered and exploring the possibility of local fundraising. CMG will build on the stakeholder relationships already developing and thriving. The facilities are attached to a Welsh-medium primary school which is deemed to be the natural succession in the educational and cultural journeys of our children. Being situated at the heart of a thriving market town with a strong Welsh identity is also a great advantage for the children attending CMG and will remain a focus to promote knowledge and awareness of the services CMG aims to deliver. CMG is also supported by a well-established network within Mudiad Meithrin and the management committee intends to draw on and share best practice with other cylchoedd across Wales. ## **FINANCIAL REVIEW** CMG’s policy on reserves is to hold sufficient resources to continue the charitable activities of the CMG should income and fundraising activities fall short. Any surplus funds which are not likely to be needed to pay for activities are placed on deposit to earn interest. CMG will continue to maintain session costs that are low and affordable and allow the service to be as accessible as possible for local families wishing for their children to access early education and care through the medium of Cymraeg. Maintaining affordable childcare does import significant costs however, with payroll related costs forming the majority of outgoings. Fees asked of direct fee-paying parents will be subject to regular review to both benchmark against 6 local alternative childcare offerings and ensure that operation of the Cylch remains financially sustainable. We will also look to invest the funds in activities and resources that will further the aims of the organisation to advance the education of pre-school children in Yr Wyddgrug through the medium of Cymraeg. Approved by the Trustees on **07/05/2025** Signed on its behalf ## **JESSICA MCKINLAY** 7 ## **CYLCH MEITHRIN GLANRAFON** ## **Receipts and Payments Account Accounting Period 1[st] September 2023 – 31[st] August 2024** ## **Independent Examiner’s Report** I report on the accounts for the Charity for the year ended 31st August 2024, which are set out on pages 9 to 11. The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, and - to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: **ANGHARAD WYN KYFFIN ELLIS** 8 ## **CYLCH MEITHRIN GLANRAFON** ## **Receipts and Payments Account Accounting Period 1[st] September 2023 – 31[st] August 2024 Statement of Financial Activities** ## **ACCOUNTING STATEMENT Receipts & Payments basis** |**Opening Balance**
**Receipts**
DIRECT FEE PAYMENTS
VOUCHER FEES
FCC/WG FUNDED
FUND RAISING
MUDIAD REFUND
SAVINGS INTEREST
FUNDS TRANSFER
GRANT FUNDING RECEIVED
**Total Receipts**
**Payments**
WAGES
PAYE & PENSIONS
DATA PROTECTION REG. FEE
BANK CHARGES
MOBILE PHONE
EQUIPMENT, TRAINING, DBS
MUDIAD (reg & insurance)
SUNDRIES
PAYROLL (AVOW)
GLANRAFON (use of facilites & cleaning)
COMMITTEE EXPENSES
(incl. meetngs, end of year
staf meal & children’s
excursion)
CATERING (NEWydd)
UNIFORM
**Total Payments**|**73,070.68**
**2023/24**
**(£)**
31,942.06
5,840.50
88,869.15
0.00
50.00
392.70
3,000.00
4,647.81
**134,742.25**
97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**|**73,070.68**
**2023/24**
**(£)**
31,942.06
5,840.50
88,869.15
0.00
50.00
392.70
3,000.00
4,647.81
**134,742.25**
97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**| |---|---|---| |||| |||97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**| 9 |**Balance for Year**|**6,995.54**| |---|---| |**Cash Funds This Year End**|80,066.22| |**Statement of Assets & Liabilites at Year End**|| |**Cash Funds**|**2023/24**| ||**(£)**| |Current|59,619.77| |Savings|20,446.45| |Cash in hand|0.00| |**Total Cash Funds**|**80,066.22**| 10 ## **CYLCH MEITHRIN GLANRAFON** **Notes forming part of the Financial Statements Accounting Period 1[st] September 2023 – 31[st] August 2024** ## **1 ACCOUNTING POLICIES** ## **Basis of Accounting** The Financial Statements have been prepared in accordance with the guidelines of the Charity Commission on a receipts and payments basis. ## **2 FUNDS** ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Unrestricted Funds** The Trustees have resolved that the financial reserves of the Charity should be reviewed on a regular basis and that adequate provision is made for unforeseen expenses whilst also being minded that reserves should not be held without valid reason. 11 ## **CYLCH MEITHRIN GLANRAFON** ## **Financial Statements For the Period 1[st] September 2023 – 31[st] August 2024** **Charity Number 1199512** ## **CYLCH MEITHRIN GLANRAFON** ## **Index to the Financial Statements** ||**For the Period**| |---|---| |**1st September 2023 – 31st August 2024**|| ||**Page**| |Charity Informaton|3| |Trustees’ Report|4-7| |Independent Examiner’s Report|8| |Receipts and Payments|9-10| |Notes to the Financial Statements|11| 2 ## **CYLCH MEITHRIN GLANRAFON** ## **For the Period 1[st] September 2023 – 31[st] August 2024** ## **CHARITY INFORMATION** ## **TRUSTEES** - LISA DAVIES (APPOINTED 17 SEPTEMBER 2023) - ELIN EVANS (APPOINTED 19 SEPTEMBER 2023) - NIA FARREN (RETIRED 19 SEPTEMBER 2023) - CATRIN HUGHES (RETIRED 19 SEPTEMBER 2023) - JESSICA MCKINLAY (APPOINTED 19 SEPTEMBER 2023) - VICTORIA WILLIAMS (RETIRED 19 SEPTEMBER 2023) - OLWEN CORBEN ## **CHARITY NUMBER 1199512** **BANKERS** HSBC **CONTACT INFORMATION** Jessica McKinlay c/o Cylch Meithrin Glanrafon Ysgol Glanrafon Lon Bryn Coch Yr Wyddgrug Flintshire CH7 1PS 3 ## **CYLCH MEITHRIN GLANRAFON** ## **Trustees’ Annual Report** The Trustees present their annual report with the accounts of the charity for the period 1[st] September 2023 to 31[st] August 2024. ## **THE OBJECTS OF THE CHARITY** The objects of CYLCH MEITHRIN GLANRAFON (hereinafter referred to as CMG, or ‘the Cylch’) are: AMCANION Y GYMDEITHAS YW HYRWYDDO ADDYSG PLANT DAN OED YSGOL YN YR WYDDGRUG TRWY GYFRWNG YR IAITH GYMREAG. TO ADVANCE THE EDUCATION OF PRE-SCHOOL CHILDREN IN YR WYDDGRUG THROUGH THE MEDIUM OF THE WELSH LANGUAGE. The aim of CMG is to provide quality Welsh-medium day care and early years education for children aged 2 years to 4 years. The Cylch will achieve this through: - **Supporting children to achieve the best possible outcomes through care, learning and play** CMG offers a welcoming environment for children with appropriate and high standard toys and resources to meet their needs and development. Children are introduced to activities which promote the Flying Start Scheme and the New Curriculum for Wales in order to ensure the best possible start to their education. Our outdoor play areas have been carefully planned and developed, to create opportunity and highlight the importance of outdoor activities. - **Supporting children to feel valued, safe, healthy and confident** Our priority is the happiness and safety of each child – our homely and happy environment offers the best possible care, and the chance for each child to learn and to develop to their full potential. Children will feel secure and confident. - **Ensuring the quality of care offered is continuously improving and that children and parent/carer’s voices are heard** Our staff have the appropriate qualifications and attend regular training. We work with support officers from Mudiad Meithrin and the local Council, to ensure that our childcare provision is continuously reviewed and developed in keeping with latest regulations. The children are encouraged to express their views and emotions during the sessions making use of a variety of tools such as happy and sad faces to help name their emotions. The children are offered a wide variety of play based activities. 4 The Charity Commission’s guidance on public benefit is taken into consideration during trustee meetings and when planning our annual activities. The Charity Commission's public benefit criteria is met for both the advancement of education, and the advancement of citizenship or community development headings. ## **GOVERNANCE AND MANAGEMENT STRUCTURE** The Governing Document for Cylch Meithrin Glanrafon is: June 2022. CIO - ASSOCIATION registration 30[th] Trustees are appointed by the members, on a rolling programme, to serve for at least one year but may be re-elected or re-appointed. The administrative work of CMG is carried out by the management committee with delegation to Business and Administrative managers. The Business manager is responsible for the day to day running of the Cylch (including invoicing), staff management and communication with parents and carers. Management Committee meetings are normally held six times a year both virtually and in person, with at least three meetings in person. There is an Annual General Meeting generally held in September at the beginning of the academic year. The management committee seek to make decisions collectively during their regular meetings. Dates and times of Annual General Meetings are published on CMG social media and advised through usual communication channels with parents and carers. ## **ACHIEVEMENTS AND PERFORMANCE IN THE YEAR** September 2023 saw a full changeover of the management committee for CMG. Building on the strong foundations created by the former trustees, the new trustees were able to navigate a successful academic year. Demand for childcare in the setting is unwavering with over 60 children registered for the Cylch at the end of August 2024 and waiting lists growing. In order to manage increasing numbers of children, the Cylch has expanded the substantive staff headcount. A Business Administrator was appointed to support the Business Manager with day to day administration of the Cylch and while two assistants moved on to other settings during the year, CMG welcomed four new members of staff to support our children and further enrich the skills and experience within the team. Grant funding received in the year has been used for the benefit of education and play in the outdoor area with works and equipment installed and project managed by the CMG Business Manager. The Business Manager maintains a positive relationship and continues to work alongside the adjoining Welsh-medium primary school, for which CMG offers wrap around care for the pre-school aged children. Charitable funds have been used to host a teddy bear picnic for the children and their families to celebrate finishing the academic year. 5 Delivery of high quality, safe and supportive childcare has remained the management committee’s priority whilst also working to strengthen the governance and administration of the setting. The management committee secured a personalised domain, reviewed registration documentation, updated policies, and commissioned a new brand to promote greater professionalism in the setting. CMG has also implemented a new and more secure cyber infrastructure by accessing a grant from Microsoft, available to charitable organisations. ## **PLANS FOR FUTURE PERIODS** We will continue to be an organisation committed to delivering a high-quality early education setting for all attending, promoting Welsh language and culture alongside fundamental development and learning for children aged 2-4. As a charity, it is CMG’s intention to deliver affordable childcare to those in the local area; this is particularly prevalent with the current economic climate and continued reference to the cost of living crisis affecting many families. Whilst keeping fees affordable for those families accessing our services, CMG must continue to deliver a financially sustainable organisation with safety and safeguarding at the heart of our operations. In addition to the revenues generated from the fees charged (be it direct payment, Early Entitlement, Flying Start or other government backed income), CMG will explore all other funding options available. These options include applying for grant funding to support specific projects and tasks (for example, the development of outdoor facilities, staff development and training, other vital equipment etc.). The management committee will also promote the activities of the organisation actively within the community, raising awareness of the services offered and exploring the possibility of local fundraising. CMG will build on the stakeholder relationships already developing and thriving. The facilities are attached to a Welsh-medium primary school which is deemed to be the natural succession in the educational and cultural journeys of our children. Being situated at the heart of a thriving market town with a strong Welsh identity is also a great advantage for the children attending CMG and will remain a focus to promote knowledge and awareness of the services CMG aims to deliver. CMG is also supported by a well-established network within Mudiad Meithrin and the management committee intends to draw on and share best practice with other cylchoedd across Wales. ## **FINANCIAL REVIEW** CMG’s policy on reserves is to hold sufficient resources to continue the charitable activities of the CMG should income and fundraising activities fall short. Any surplus funds which are not likely to be needed to pay for activities are placed on deposit to earn interest. CMG will continue to maintain session costs that are low and affordable and allow the service to be as accessible as possible for local families wishing for their children to access early education and care through the medium of Cymraeg. Maintaining affordable childcare does import significant costs however, with payroll related costs forming the majority of outgoings. Fees asked of direct fee-paying parents will be subject to regular review to both benchmark against 6 local alternative childcare offerings and ensure that operation of the Cylch remains financially sustainable. We will also look to invest the funds in activities and resources that will further the aims of the organisation to advance the education of pre-school children in Yr Wyddgrug through the medium of Cymraeg. Approved by the Trustees on **07/05/2025** Signed on its behalf ## **JESSICA MCKINLAY** 7 ## **CYLCH MEITHRIN GLANRAFON** ## **Receipts and Payments Account Accounting Period 1[st] September 2023 – 31[st] August 2024** ## **Independent Examiner’s Report** I report on the accounts for the Charity for the year ended 31st August 2024, which are set out on pages 9 to 11. The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, and - to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: **ANGHARAD WYN KYFFIN ELLIS** 8 ## **CYLCH MEITHRIN GLANRAFON** ## **Receipts and Payments Account Accounting Period 1[st] September 2023 – 31[st] August 2024 Statement of Financial Activities** ## **ACCOUNTING STATEMENT Receipts & Payments basis** |**Opening Balance**
**Receipts**
DIRECT FEE PAYMENTS
VOUCHER FEES
FCC/WG FUNDED
FUND RAISING
MUDIAD REFUND
SAVINGS INTEREST
FUNDS TRANSFER
GRANT FUNDING RECEIVED
**Total Receipts**
**Payments**
WAGES
PAYE & PENSIONS
DATA PROTECTION REG. FEE
BANK CHARGES
MOBILE PHONE
EQUIPMENT, TRAINING, DBS
MUDIAD (reg & insurance)
SUNDRIES
PAYROLL (AVOW)
GLANRAFON (use of facilites & cleaning)
COMMITTEE EXPENSES
(incl. meetngs, end of year
staf meal & children’s
excursion)
CATERING (NEWydd)
UNIFORM
**Total Payments**|**73,070.68**
**2023/24**
**(£)**
31,942.06
5,840.50
88,869.15
0.00
50.00
392.70
3,000.00
4,647.81
**134,742.25**
97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**|**73,070.68**
**2023/24**
**(£)**
31,942.06
5,840.50
88,869.15
0.00
50.00
392.70
3,000.00
4,647.81
**134,742.25**
97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**| |---|---|---| |||| |||97,663.76
11,565.52
75.00
60.00
163.00
8,319.05
150.00
0.00
579.13
4,917.00
754.78
3,316.39
186.08
**127,746.71**| 9 |**Balance for Year**|**6,995.54**| |---|---| |**Cash Funds This Year End**|80,066.22| |**Statement of Assets & Liabilites at Year End**|| |**Cash Funds**|**2023/24**| ||**(£)**| |Current|59,619.77| |Savings|20,446.45| |Cash in hand|0.00| |**Total Cash Funds**|**80,066.22**| 10 ## **CYLCH MEITHRIN GLANRAFON** **Notes forming part of the Financial Statements Accounting Period 1[st] September 2023 – 31[st] August 2024** ## **1 ACCOUNTING POLICIES** ## **Basis of Accounting** The Financial Statements have been prepared in accordance with the guidelines of the Charity Commission on a receipts and payments basis. ## **2 FUNDS** ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Unrestricted Funds** The Trustees have resolved that the financial reserves of the Charity should be reviewed on a regular basis and that adequate provision is made for unforeseen expenses whilst also being minded that reserves should not be held without valid reason. 11 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of C8 Lill ffl El Tki&i Trj On accounts for the year ended lÉk Scf k &2 S- 3iat A Charity no (if any) IlqqslL Set out on pages I report to the trustees on my examination of the accounts of the above charity I'the TrusV'I for the year ended -31 0 £ 2()24 Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirer(7ents of the Charities Act 2011 lllhe Act.) I report in respect of my examination of the Trust's accounts carried oul under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5}Ib) of the Act. S have completed my examination. I confirm that no material matters have come lo my attention ( ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not aGGord with the accounting records Independent examiner's ststement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the braGkets if they do not apply. Signed: Date: Name: Relevant professional qualificationls) or body lif anyl: Acoq Address: y £￿J1￿L . C.Ai ON IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018