Charity registration number: 1206816
CYLCH MEITHRIN TRELAI TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 31 JANUARY 2024 TO 31 MARCH 2025
Blayney Accountancy Limited Suite 11, BSC Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Cylch Meithrin Trelai Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Statement of Cash Flows | 7 |
| Notes to the Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9—12 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 13 |
Cylch Meithrin Trelai Trustees' Report For the Period 31 January 2024 to 31 March 2025
The trustees present their report and the financial statements for the period ended 31 March 2025.
Objectives and Activities
Aims and Objectives
At Cylch Meithrin Trelai, we aim to educate the children through the medium of Welsh.
The children are given every opportunity to explore, experiment and develop their abilities whilst they are introduced through enhanced and structured play, the seven areas of learning, both in and outdoors whilst adapting and enhancing our resources daily. We offer the children support to become independent, confident, bilingual beings.
Public Benefit
All children regardless of their race, gender, faith, religon or background are welcome to join the nursery. We pride ourselves on enhancing the children's skills such as language and literacy, social, creative, physical and emotional development.
Once a week we carry out a cooking activity with the children to encourage healthy eating and we encourage the parents to join in so we are able to build a good rapport with them and encourage the parents to mirror the healthy eating approach at home.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Financial Review
Reserves Policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between four and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Reference and Administrative Details
Trustees
Ms Katy Thomas (appointed 31/01/2024) Mr Gary Farleigh (appointed 31/01/2024) Ms Lisamarie Bracey (appointed 01/09/2025)
Charity Number
1206816
Principal Address
Mill Park Plymouthwood Road Ely Cardiff CF5 4DD
Independent Examiner
Rhys Blayney FMAAT Association of Accounting Technicians (AAT) Blayney Accountancy Limited Suite 11, BSC
Page 1
Cylch Meithrin Trelai Trustees' Report (continued) For the Period 31 January 2024 to 31 March 2025
Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Page 2
Cylch Meithrin Trelai Trustees' Report (continued) For the Period 31 January 2024 to 31 March 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms Katy Thomas Trustee 17th February 2026
Mr Gary Farleigh Trustee
Ms Lisamarie Bracey Trustee
Page 3
Cylch Meithrin Trelai Independent Examiner's Report to the Trustees of Cylch Meithrin Trelai For the Period 31 January 2024 to 31 March 2025
I report to the trustees on my examination of the accounts of Cylch Meithrin Trelai (the Trust) for the period ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection 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 section 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 contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as 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.
Rhys Blayney FMAAT Association of Accounting Technicians (AAT) 17th February 2026 Suite 11, BSC Innovation Quarter, Hood Road Barry Vale Of Glamorgan CF62 5QN
Page 4
Cylch Meithrin Trelai Statement of Financial Activities For the Period 31 January 2024 to 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Educate children through the medium of Welsh EXPENDITURE ON: Raising funds 5 Charitable activities: 5 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
31 March 2025 Unrestricted funds £ 197,968 398,985 |
|---|---|
| 596,953 | |
| (451,033) | |
| 145,920 | |
| 145,920 - |
|
| 145,920 |
The notes on pages 8 to 12 form part of these financial statements.
Page 5
Cylch Meithrin Trelai Statement of Financial Position As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 10 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 11 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 13 On behalf of the board Ms Katy Thomas Trustee Mr Gary Farleigh Trustee Ms Lisamarie Bracey Trustee 17th February 2026 |
31 March 2025 Unrestricted funds £ 24,058 |
|---|---|
| 24,058 127,246 |
|
| 127,246 (5,384) |
|
| 121,862 | |
| 145,920 | |
| 145,920 | |
| 145,920 | |
| 145,920 | |
The notes on pages 8 to 12 form part of these financial statements.
Page 6
Cylch Meithrin Trelai Statement of Cash Flows For the Period 31 January 2024 to 31 March 2025
| Notes Cash flows from operating activities Net cash generated from operations 1 Net cash generated from operating activities Cash flows from investing activities Purchase of tangible assets Increase in cash and cash equivalents Cash and cash equivalents at beginning of period 2 Cash and cash equivalents at end of period 2 |
31 March 2025 £ 157,318 |
|---|---|
| 157,318 | |
| (30,072) | |
| 127,246 - |
|
| 127,246 |
Page 7
Cylch Meithrin Trelai Notes to the Statement of Cash Flows For the Period 31 January 2024 to 31 March 2025
1. Reconciliation of income to cash generated from operations
| . Reconciliation of income to cash generated from operations |
|
|---|---|
| Net income Adjustments for: Depreciation of tangible assets Movements in working capital: Increase in trade and other creditors Net cash generated from operations |
31 March 2025 £ 145,920 6,014 5,384 |
| 157,318 |
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
| Cash at bank and in hand 3. Analysis of changes in net funds As at 31 January 2024 Cash flows £ £ Cash at bank and in hand - 127,246 |
31 March 2025 £ 127,246 |
|---|---|
| As at 31 March 2025 £ 127,246 |
Page 8
Cylch Meithrin Trelai Notes to the Financial Statements For the Period 31 January 2024 to 31 March 2025
1. General Information
Cylch Meithrin Trelai is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1206816. The principal address is Mill Park, Plymouthwood Road, Ely, Cardiff, CF5 4DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles
20% Straight Line
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| 31 March | |
|---|---|
| 2025 | |
| Unrestricted | |
| funds | |
| £ | |
| Donations and gifts | 197,968 |
The following donations and legacies are included within the total income from donations and legacies above:
| 31 March | ||
|---|---|---|
| 2025 | ||
| Unrestricted | ||
| funds | ||
| £ | ||
| CYLCH MEITHRIN TRELAI - Charity number: | 1063165 | 196,653 |
4. Net Income/(Expenditure)
| 4. Net Income/(Expenditure) |
|
|---|---|
| The net income is stated after charging/(crediting): | |
| 31 March | |
| 2025 | |
| £ | |
| Depreciation of tangible fixed assets - owned | 6,014 |
Page 9
Cylch Meithrin Trelai Notes to the Financial Statements (continued) For the Period 31 January 2024 to 31 March 2025
- Analysis of Expenditure
| 5. Analysis of Expenditure |
|||
|---|---|---|---|
| Raising funds 6. Support Costs Employee costs Premises expenses General administration Depreciation 7. Independent Examiner's Remuneration Independent examination of the financial statements Other assurance services Tax advisory services Other financial services 8. Staff Costs Staff costs were as follows: Wages and salaries Social security costs Other pension costs |
Activities undertaken directly £ 14,000 |
Support costs (see note 6) £ 437,033 |
31 March 2025 Total £ 451,033 |
| 31 March 2025 Raising funds £ 376,422 29,083 25,514 6,014 |
|||
| 437,033 | |||
| 31 March 2025 £ 720 - - - |
|||
| 720 | |||
| 31 March 2025 £ 345,683 19,786 9,898 |
|||
| 375,367 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
- Average Number of Employees
Average number of employees during the period was: 15
Page 10
Cylch Meithrin Trelai Notes to the Financial Statements (continued) For the Period 31 January 2024 to 31 March 2025
10. Tangible Assets
| Cost As at 31 January 2024 Additions As at 31 March 2025 Depreciation As at 31 January 2024 Provided during the period As at 31 March 2025 Net Book Value As at 31 March 2025 As at 31 January 2024 1. Creditors: Amounts Falling Due Within One Year Other creditors Taxation and social security Accruals and deferred income |
Motor Vehicles £ - 30,072 |
|---|---|
| 30,072 | |
| - 6,014 |
|
| 6,014 | |
| 24,058 | |
| - | |
| 31 March 2025 £ 1,135 3,529 720 |
|
| 5,384 |
11. Creditors: Amounts Falling Due Within One Year
12. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the period the charge to the statement of financial activities in respect of defined contribution schemes was £9,898.
At the statement of financial position date contributions of £1,135 were due to the fund and are included in creditors.
13. Movement in Funds
| Unrestricted funds General: General unrestricted fund Total funds |
As at 31 January 2024 £ - |
Income £ 596,953 |
Expenditure £ (451,033) |
As at 31 March 2025 £ 145,920 |
|---|---|---|---|---|
| - | 596,953 | (451,033) | 145,920 |
14. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current year.
No trustee expenses have been incurred.
Page 11
Cylch Meithrin Trelai Notes to the Financial Statements (continued) For the Period 31 January 2024 to 31 March 2025
15. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 12
Cylch Meithrin Trelai Detailed Statement of Financial Activities For the Period 31 January 2024 to 31 March 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Donations from organisations Charitable Activities: Educate children through the medium of Welsh Children's fees Grants EXPENDITURE ON: Raising funds Purchases Other direct costs Wages and salaries Employers NI Employers pensions - defined contributions scheme Staff welfare Staff entertaining Travel and subsistence expenses Rent Repairs and maintenance Cleaning Vehicle running costs Computer software, consumables and maintenance Insurance Printing, postage and stationery Advertising and marketing costs Telecommunications and data costs Independent examiner's fees Accountancy fees Legal fees Subscriptions Bank charges Charitable donations Sundry expenses Depreciation NET INCOME |
31 March 2025 Total funds £ 1,315 196,653 |
|---|---|
| 197,968 333,413 65,572 |
|
| 398,985 | |
| 596,953 (9,144) (4,856) (345,683) (19,786) (9,898) (135) (560) (360) (19,873) (1,800) (7,410) (13,830) (85) (2,918) (863) (539) (881) (720) (1,349) (1,810) (482) (224) (380) (1,433) (6,014) |
|
| (451,033) | |
| (451,033) | |
| 145,920 |
Page 13