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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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**
5. **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.
9. **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