REGISTERED NUMBER: 04765064 (Wales) MEITHRENFA MEIIUUIY CYTr. REPORT OF THE DIRECTORS AND FANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 EWOwen&Co Olyndry Buildings GlyndMT Stre¢t Dolgellau Gwedd LL40 IBB
MEITHIUNFA MEIRJON CYF. CONTENTS OF THE FINANCtAL STATEMENTS for the Year Ended 31 MAY 2025 Pggc Company lllformatlDIi Rtp•rt i>f tbe Dlrectors Eneome Statement Balance Sheet Notes lo the FinaDe5al St*temtnt Report of the A¢cfjuDtant$ Detalled Income And Expenditure Account
MEITHRINFA NIEIIUON CYF. COMPANY INFORMATION for the Year Ended 31 MAY 2025 DIRECTORS: R P Jones C M Lloyd R P Jones C Ifan RGOwen C Siddall A Evans KLKojs SECRETARY: REGISTERED OFFICE: Seren Fach Brithdir Dolgellau Gwynedd LL40 2RP REGISTERED NUMBER: 04765064 (Wales) ACCOUNTANTS: EWOwen&Co Glyndry BuildiTJgs Cilyndwt Street Dolgellau Gmynedd LL40 IBB Page I
MEITHRINFA MEIRION CYF. REPORT OF THE DtRECTORS for the Year Ended 31 MAY 2025 The diCtOrs pre5¢nt th¢ir r¢port with the financial 5tat¢m¢nls of th¢ company for th¢ year ¢nded 31 May 2025. DIRECTORS Th¢ directors shown below have held office during the whole of the peTiod from l June 2024 tts the date of this report. R P Jones C M Lloyd R P Jones C Ifan RGOwen C Siddall A Evans KLKojs Other chang¢s in directt)rs holding office are as follows.. C M Jones - resigned 13 December 2024 This report hAq he.e.n PTP.PAre.d in Ar.c.nrdAnr. with the. PTnvi%inng nf PArt I S nf the. fnmp2nie.q Ar.t ?.()(bA relAling to SMAII conlpanies. ON BEHALF OF THE BOARD: R P Jon¢s - Dir¢ctor Date.. Pag¢ 2
MEITHRINFA MEIRION CYF. INCOME STA TEMENT for the Year Ended 31 MAY 2025 2025 2U24 Notes TURNOVER 393,930 322,054 Cosr of sales (21.713) (2.827) GROSS SURPLUS 372,217 319,227 Administraltve expenses {351,6851 1328.897) OPERATING SURPLUSI{DEFICIT) 20,532 (9.670) Interest r¢¢¢ivable and similaT income .038 864 21,570 (8,806) Interest payable and similar exp¢n5¢S (2,7861 {2,786) SITRPI.IIqI{DEFICIT) BEFORE TAXA TION 18,784 {11,5921 Tax on SurplU{derIckt) SURPLVSI(DEFICITI FOR TIIE FIP4ANCIAL YEAR 18,784 (11,592) The notes forn] part of these financial statements Page 3
MEITHRINFA MEIRJON CVF. (REGISTERED NUMBER.. 04765064) BALANCE SHEET 31 MAY 2025 2025 2024 Notes FIXED ASSETS Tangible assets 51,941 55,241 CURRENT ASSETS Dcbtors Cash ai ballk and in hand 2,909 73,335 88.779 88.770 76,244 CBIDITORS Anxkunts falling due wthin one year 5,629 15.178 NET CURRENT ASSETS 83,150 61.066 TOTAL ASSETS LESS CURRENT LIABILITIES 135.091 116,307 RESERVES Income and expenditure account 135.091 116,307 135.091 116,307 The company is ¢Dtitled to exemption from audit under Section 477 of th¢ Compani¢s Act 2006 for the year ended 31 May 2025. The members have not required the company to obtain an audit of its financial ststements for the year ended 31 May 2025 in accordance Miih Seciion 476 of the Compani¢5 Act 2006. The directois acknowledge their Tesponsibilities for.. (a) ensuring that the company keeps 3¢countins records which comply with Section5 386 and 387 of the Companies Act 2006 and (bl preparing financial Statements which give a true and fair View of the state of affairs of th¢ Company as at the end of each financial year and of its surplus or d¢fi¢it for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply Thith th¢ rwuireTnents of the Companies Act 2006 relating to financial stat¢m¢Dts, so far as applicable to the company. The financial siaiements haye been PT¢par¢d in accordance with the provisions applicable to compani¢s subjcct to the small companies regime. The financial statem ts were approv¢d by the Board of Directors and authorised for issue on w¢r¢ signed on its bchalf by-. R P Jones - Dire¢tor The notes forni part of these financial s¢atements Page 4
MEITHRINFA MEIRION CYF. NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MAY 21125 STATUTORY INFORMATION Meithr2nfa M¢irion Cyf. is a private company, limited by guarantee, regisiered in Wales. The ¢ompany's registered number and registered office address can be found on the Company Infonnation page. ACCOUNTING POLICIES Basis of prep8riThg the financial statements These financial staiernents have be¢n prepared in accordance H4th FinallciÈl ROrting Standard 102 "The Finaftci&l Reporting Standard applicable in the UK and Republic of Ir¢land" including the provisions of S¢¢tion IA "Small Entities" and the Companies Act 2006. The financial siaiements hav¢ been prepared under the bistOTical cost convention. Turuover Turnover is measured at the fair valu¢ of the consideration received or reeeivable, ¢x¢luding dIOnts. rebates. valu¢ Jdd¢d tax and other sales taxes. Tangible fixed assets T)epretlaiinn i% pmvidpAI Ai ihe follnwinE Antjiial raies in order to wryite off each asset over ils e$timaled useful life. Plant 2nd equipm¢nl etc. 200/0 on reducing balance and IO•/o on reducing balance Tasation Toxation for the year compri¥ ¢urr¢nt and d¢f¢rr¢d tax. Tax 18 rccosniscd in th¢ ID¢om¢ Ststem¢nt. cAccpt to th¢ extellt that it relates to items recognised iti other compreh¢nsiv¢ income or directly in equity. Current or deferred taxation assets and liabilities are not dis¢ounled. Curr¢nÈ tax is recognised at th¢ iunount of tax payable usin8 th¢ tax rates and laws that have been ena¢icd or substantively enacted by the balance sheet dale. Dtlerred tax Deferred tax is reeognis¢d in r¢sp¢ct of all liming differences that bave originat¢d but not reversed at the balance sheet date. Timing differences arise froTn the inclusion of in¢orne and expenses in tax assessmentg in periods different from those IT) which th¢y are recognised in financial ststements. Deferred tax is m¢asured using tax rales and laws that have been enacted or substantively enacted by th¢ y¢ar cnd and that are expeCd to apply to the r¢versal of the timing diff¢r¢nce. Unrelieved tax los%s and other deferred lax assets are recognised only to the cxtent that it is probable that they will be recovered against the revusal of def¢rr¢d tax IEabililies or oiher fuNre tsxable profits. Hire pureha5e and l¢asing commitmeDIs Rentals paid under operating leases are charged to srpluS or deficil on a straight line basis Over the period of the lease. Pen$l&n eosts other po$t-retlremeDt benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension $¢heme are charged to prL)fit or loss in rhe period (o which they relate. EMPLOYEES AND DIRECTORS Th¢ average nwnber of employees during ihe year was 15 (2024 - 151. Page 5 continued...
MEITHRINFA MEIRION CYF. NOTES TO THE FINANCIAL STATEMENTS- eontlnued for the Year Ended 31 MAY 2025 oPERATI,G SURPLUSI(DEFICIT) The operating surplus (2024 - operating defictt) is stated after charging= 2025 2024 Depreciation- owned asseis 3,628 4,138 TANGIBLE FIXED ASSETS Improv¢m¢nts lo prop¢rty Fixtures and fittings Plani and equipment COST At l June 2024 Additions 24.496 46,846 328 6,692 At 31 May 2025 24,496 47,174 0.092 DEPRECIATION At l June 2024 Charge for year 23,401 2.377 4.600 209 At 31 May 2025 25,778 4.809 NET BOOK VALUE At 31 May 2025 24,496 21,396 1,883 At 31 May 2024 24.496 23,445 2,092 Motor vehicles c.omputer equipment Tota15 COST Ai l June 2024 Additions 14.975 17.323 110,332 328 At 31 May 2025 14,975 17.323 110,660 DEPRECIATION Al l Jun¢ 2024 Charge for year 12,965 402 14.125 640 55.091 3,628 At 31 May 2025 13,367 14.765 58.719 NET BOOK VALUE At 31 May 2025 1,608 2,558 51.941 At 31 May 2024 2.010 3.198 55,241 Page 6 continued..
MEITHRINFA MEIRION CYF. NOTES TO THE FINANCIAL STATEMENTS- continued for tbe Year Ended 31 MAY 2025 DEBTORS: AMouTrrrs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade d¢btor5 Oth¢r debtOTS 2.040 869 2,909 CREDITORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR 2025 2024 Bank loans alld ov¢rdrafis Prp.-Te.r.eipts Trade crediiors Taxation and social security 119 1.289 11,468 2,421 2.141 3,369 5,629 15,178 Page 7
MEITHRINFA MEIRION CYF. REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF MEITHRtNFA MEIRION CYF. A$ described on the Balance Sheet you are responsible for the preparation of the financial 5tat¢ments for the year ended 31 May 2025 set out on pages three to seven and you consider that the company is exempt from an audit. In accordanc¢ with yow instructions, w¢ hav¢ compiled these unaudited (anCial statements in order to assist you to Ifil your ststutory rtsponsibilitie5. froTn the accounting records and inforntIOn and ¢xplanations Supplied to us. Owen & Co GId}IT Buildin8S GlyndNT Street Dolgellau Gwedd LL40 1 BB Date.. 10th June 2025 This page does not forni part of the statutory financial statements Page 8
MEITHRINFA MEIRION CYF. DETAILED INCOME AND EXPENDITURK ACCOUNT for the Y¢aT Ended 31 MAY 2025 2025 2024 Turnover Fees Grants received 370,777 23.153 311.215 10,839 393,930 322.054 Cost of $al¢s Materials Used 21,713 2.827 GROSS SURPLUS 372,217 319.227 Other fillcoll D¢posit account interest 1,038 864 373,255 320,091 Expendlture Rent R2tp.8 And water Insuranc¢ Light and heat Wages Employer national insutan¢e Pensiong Staff amenities Co¥nputer costs Telephone Post and stationery Advertising Food Travel Cosis Training Subscriptions and fe¢s Repairs and renewals Staff clotkn.llg Refuse coll¢ction Household and Cleaning A¢couniancy Profcssitsnal Fe¢s 1,500 377 748 6,573 294,78 15,539 4.847 464 955 615 40 47 7,311 474 430 1.003 4,014 1.441 2,733 ,900 984 801 1.5110 249 625 6,428 265.180 11,412 4.139 589 1.045 952 144 7,525 797 1,347 951 12,664 2,188 2.522 960 3,193 347,576 324.410 25.679 (4,319) Flnsnce costs Bank charge5 Credit card Leasing 446 35 2,786 314 35 2,786 3,267 3.135 caled fonvard 22,412 (7.4541 Tkn"s pag¢ does not ftsrnj part of the statutory finan¢ial statements Page 9
MEITHIUNFA MEIRION CYF. DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 f*lAY 2025 2025 2024 Brought forward 22,412 17,4541 Depi"ecAatio Plani and machinery Fixtures and fillirlgs Motor vehicles Computer equipment 2,377 209 402 640 2.605 232 502 799 3,628 4.138 NET SURPLUSI(DEFICITI 18,784 (11,5921 This pagc does not form part of ihe statutory financial statements Pagc 10
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110612024 Period start date To 3110512025 Period end date Charity name: Meithrinfa Meirlon Cyf Charity registratlon number: 1208930 Objectives and Activitlas SORP reference Summary of the purpo8eE of the charity as set out in its overnin document Summary of the main activities in relation to those purposes for the public benefit. in particular, the aclivilies, projects or services identified in the accounts. Para 1_17 To provide pro-achool GhildGaro and èducation to chlldren. Para 1.17 and 1.19 Nursery provided childcare throughout the year to pre-school and nursery aped children. The outside play aroa was improved significantly during the year in line with our beliefs that children benefit from outdoor play. Grant money was received and new e ui ment urchased. The trusteès have had regard to the guidance issued by the Charity Commission on publlc bènefit. Statement confimiing whether the Ifustees have had regard lo the guidan issued by the Charity Commission on public benefit Para 1.18 Additional information {optlonal) You ma choose to include further statements where relevant about.. SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program relaled investment Para 1.38 Contribution made by volunleers Other
Achievements and Performance SORP relerence Main achievèmènts of the charity Is to have provided a safè and happy environment for children to learn and develop. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of Its beneficiaries and any wider benefits to society as a whole. Para 1.20 An important achievement for tho charity is its accessibility and affordability to all famllle$. Additional inforniation (optional) You ma choose lo include further statements where relevant about: Achievemenls against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Olher
Financial Review Review of the charity's financial position at the end of the period Para 1.21 The vast increase in minimum wag8 again this year has a significant negative impact on the Charity's cash fl(M. CalGulatior15 wore made before April and children's fees increased in line with the salarylnational insurance increases to ensure the Charity does not get into financial instability. The changes have boen successful and the Chari bank balance is health Reserves are held to Snvost In the futuro and to maintain the building. Statement explaining the policy for holding reserves statin are held Amount of reserves held Para 1.22 Para 1.22 £135.091 in the accounts as at 3110512025. NIA Reasons for holding zero reseNg6 Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.24 NIA P8r8 1.23 NIA Additional inforniatlon (optional) You nia Ghoose to include further statements where relevant about: Chlldren's fees. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.48 Other
Structure, Governance and Management Description of charity's trusts-. Type of govèrning document iiusi deed, ro I ch-rter How is the charity constituted? le g UliifiLorporaled Para 1.25 Memorandum and articles of association. Incorporated charty. CIO since 1°, July 2024. Pafa 1.25 Trustee selection methods including details of any conslilutional provisions e.g. election lo post or name of any person or body enlitled to appoint one or morè trustees Para 1.25 Existing trustees elect to appoint new trustees. Additional information (optional) You ma choose to include further statements where relevant about-. Policies and procedures adopled for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Par8 1.51 Other Reference and Administrative details Chari name Other name the chari uses istered charit number Charity's principal address Meithrinfa Seren Fach Meithrinfa Meirion C 1208930 Seren Fach Brithdir Dolgellau Gwynedd LL40 2RP
Names of the charity trustees who managè thè charity Datgs aet•d if nat for whole ear Tru$ts* nam• Office {If any) Name of person lor body) entitled toa oint trustee Ifan Rhun Prys Jones Carys Mary Jones Carys Medi Lloyd Rhodri Prys Jones Catrin Ifan Reslgned 1311212024 Rhys Gittins Owen Carwyn Siddall Anqharad Evans Kelly Leanne Kojs 10 12 13 14 15 16 17 18 19 20 Cor orate truslees - names of the directors at the date the re Olrector name ortwasa roved Name of trustees holding title lo property belonging to the charity Trust•e name D•tès a¢t•d If not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf ihe assets 8re held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assels from the charity's own assets Additlonal inf¢)rn)ation (optional) Names and addresses of advisers (Optional informatlon) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional Infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signèd on behalf of the Gha ity's trustees Signature{s) Full name(s) Position (eg 8eGretaryp Chair. etc) Rhodri Prys Jones Chairper50n Dat ioloq