IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure030607682022-03-31030607682023-03-31030607682022-04-012023-03-31030607682021-03-31030607682021-04-012022-03-31030607682022-03-3103060768ns22:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3103060768ns15:PoundSterling2022-04-012023-03-3103060768ns11:FRS1022022-04-012023-03-3103060768ns11:IndependentExaminationCharity2022-04-012023-03-3103060768ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3103060768ns11:FullAccounts2022-04-012023-03-3103060768ns11:CharitiesSORP2022-04-012023-03-3103060768ns16:EnglandWales2022-04-012023-03-3103060768ns11:RegisteredOffice2022-04-012023-03-3103060768ns22:Trustee22022-04-012023-03-3103060768ns22:Trustee32022-04-012023-03-3103060768ns22:Trustee12022-04-012023-03-3103060768ns22:Trustee42022-04-012023-03-3103060768ns22:Trustee52022-04-012023-03-3103060768ns11:CompanySecretary12022-04-012023-03-3103060768ns22:TotalUnrestrictedFunds2022-04-012023-03-3103060768ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3103060768ns22:Activity82022-04-012023-03-3103060768ns22:TotalUnrestrictedFundsns22:Activity82022-04-012023-03-3103060768ns22:Activity8ns22:TotalRestrictedIncomeFunds2022-04-012023-03-3103060768ns22:Activity82021-04-012022-03-3103060768ns22:TotalUnrestrictedFunds2022-03-3103060768ns22:TotalRestrictedIncomeFunds2022-03-3103060768ns22:TotalUnrestrictedFunds2023-03-3103060768ns22:TotalRestrictedIncomeFunds2023-03-3103060768ns22:TotalUnrestrictedFundsns6:WithinOneYear2023-03-3103060768ns22:TotalRestrictedIncomeFundsns6:WithinOneYear2023-03-3103060768ns6:WithinOneYear2023-03-3103060768ns6:WithinOneYear2022-03-310306076822022-04-012023-03-310306076832022-04-012023-03-310306076812022-04-012023-03-310306076812021-04-012022-03-3103060768ns6:OwnedAssets2022-04-012023-03-3103060768ns6:OwnedAssets2021-04-012022-03-3103060768ns6:OtherDurationType12022-04-012023-03-3103060768ns22:TotalUnrestrictedFunds2021-04-012022-03-3103060768ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3103060768ns22:TotalUnrestrictedFundsns22:Activity82021-04-012022-03-3103060768ns22:Activity8ns22:TotalRestrictedIncomeFunds2021-04-012022-03-3103060768ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-3103060768ns6:FurnitureFittings2022-03-3103060768ns6:MotorVehicles2022-03-3103060768ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-04-012023-03-3103060768ns6:FurnitureFittings2022-04-012023-03-3103060768ns6:MotorVehicles2022-04-012023-03-3103060768ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-03-3103060768ns6:FurnitureFittings2023-03-3103060768ns6:MotorVehicles2023-03-3103060768ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-3103060768ns6:FurnitureFittings2022-03-3103060768ns6:MotorVehicles2022-03-31
REGISTERED COMPANY NUMBER: 03060768 (England and Wales)
REGISTERED CHARITY NUMBER: 1092648













UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023

FOR

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 15

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG (REGISTERED NUMBER: 03060768)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of education of children in particular through the provision of day care, playgroup sessions and out of school clubs in both Welsh and English mediums. The advancement of child and play care educational training opportunities through both Welsh and English mediums within the county borough of Neath Port Talbot and surrounding areas.

The Charity is restricted to operating with its Memorandum and Articles of Association dated 9 July 1996 as amended by special resolution dated 9 April 2002.


In setting our objectives and planning our objectives our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education.

ACHIEVEMENT AND PERFORMANCE
Investment performance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig has been operating since 1996, obtaining charitable status on 27 June 2002. Throughout this time Tiddlywinks has continued to develop and adapt its service of the provision of day care, play group sessions and out of school clubs in response to local demand. Over the year the number of service users was up on the previous year as the effect of ongoing austerity measures, the growth of subsidised places within the maintained sector and unintended consequences of national initiatives continue to create a competitive market within the sector. Tiddlywinks' priority remains to ensure that the safety and the quality of the provision is paramount and that the service continues to reflect and embrace the needs of the community it serves.

FINANCIAL REVIEW
Financial Review
During 2022/2023 the Charity was funded variously from statutory sources, charitable trusts and income generated by the Charity in the provision of childcare.

The charity’s balance sheet shows a satisfactory position with unrestricted reserves of £229,837 of which £221,601 is held in designated funds, leaving a general fund of £8,236. Incoming resources for the period were £366,227 of which £29,999 were restricted (2022: £311,982 of which £11,845 was restricted). The resources expended during the period totalled £349,235 (2022: £309,842). This has resulted in net incoming resources of £16,992 (2022: £2,140 incoming).

The financial position for the period 2022/2023 is such that the project will be able to continue carrying out its charitable objectives for the financial year 2023/2024 as set down in these financial statements.

Reserves policy
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig aims to continue building up reserves in future years to enable it to continue and expand the services they currently provide and develop new projects in the future.

The trustees will review the policy during the current year.

FUTURE PLANS
The charity continues to monitor the level of take up and adapt its facilities accordingly to accommodate current and future demand and patterns. The charity continues to support and raise awareness of existing services available to families and will signpost individuals on to the various services offered by associated partner organisations as appropriate. A range of appropriate new and diverse services will continually be encouraged and supported in accordance with identified need.

The charity remains committed to meet its regulatory and legal requirements that are associated with the delivery of its service and to achieve and maintain all appropriate quality kite marks.


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG (REGISTERED NUMBER: 03060768)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure and governance
Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig is managed by the board of Trustees. New Trustees are appointed by the Board of Trustees at the Annual General Meeting by way of a majority vote and from time to time at quorate Management Committee Meetings. The Board meets as a rule every other month.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03060768 (England and Wales)

Registered Charity number
1092648

Registered office
38 Commercial Street
Ystalyfera
Swansea
West Glamorgan
SA9 2HR

Trustees
T Hales
D T Lewis
Mrs M E Lewis
Mrs A Johnson (resigned 5.5.23)
Miss R Ford

Company Secretary
D T Lewis

Independent Examiner
Michael Jones FCCA
Bevan Buckland LLP
Chartered Accountants
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

Bankers
Lloyds Bank PLC
113 High Street
Gorseinon
Swansea
SA4 4BR

Approved by order of the board of trustees on 17 November 2023 and signed on its behalf by:





Mrs M E Lewis - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

Independent examiner's report to the trustees of Canolfan Gofal Plant Tiddlywinks Childcare Centre Cyfyngedig ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Michael Jones FCCA

Bevan Buckland LLP
Chartered Accountants
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

17 November 2023

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 371 - 371 70

Charitable activities 4
Provision of Childcare Services 334,570 29,999 364,569 311,263

Investment income 3 1,287 - 1,287 649
Total 336,228 29,999 366,227 311,982

EXPENDITURE ON
Raising funds 5 5,258 - 5,258 4,744

Charitable activities
Provision of Childcare Services 333,830 10,147 343,977 305,098
Total 339,088 10,147 349,235 309,842

NET INCOME/(EXPENDITURE) (2,860 ) 19,852 16,992 2,140
Transfers between funds 13 92,785 (92,785 ) - -
Net movement in funds 89,925 (72,933 ) 16,992 2,140

RECONCILIATION OF FUNDS
Total funds brought forward 139,912 91,033 230,945 228,805

TOTAL FUNDS CARRIED FORWARD 229,837 18,100 247,937 230,945

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG (REGISTERED NUMBER: 03060768)

BALANCE SHEET
31 MARCH 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 115,077 15,603 130,680 91,284

CURRENT ASSETS
Debtors 11 23,663 - 23,663 18,939
Cash at bank and in hand 123,911 18,097 142,008 131,996
147,574 18,097 165,671 150,935

CREDITORS
Amounts falling due within one year 12 (32,814 ) (15,600 ) (48,414 ) (11,274 )

NET CURRENT ASSETS 114,760 2,497 117,257 139,661

TOTAL ASSETS LESS CURRENT LIABILITIES 229,837 18,100 247,937 230,945

NET ASSETS 229,837 18,100 247,937 230,945
FUNDS 13
Unrestricted funds 229,837 139,912
Restricted funds 18,100 91,033
TOTAL FUNDS 247,937 230,945

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mrs M E Lewis - Trustee

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Fee income is recognised when the sale of goods or services under contract are provided for.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donations, are recognised when the trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure
Liabilities are recognised as expenditure as soon as there is 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 headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions or those below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Land and buildings - Over the term of the lease
Fixtures and Fittings - 10% on cost
Motor Vehicles - 20% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Going Concern
The charity adopts the going concern basis in preparing its financial statements.

Presentational and functional currency
The presentational and functional currency is £ sterling.

Basic financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charities balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the charities contractual obligations expire or are discharged or cancelled.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 371 70

3. INVESTMENT INCOME
2023 2022
£    £   
Bank interest 1,287 649


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Fees Provision of Childcare Services 334,570 297,418
Grants Provision of Childcare Services 29,999 13,845
364,569 311,263

Grants received, included in the above, are as follows:
2023 2022
£    £   
Childcare Sufficiency Grant 2,500 10,039
General fund - 2,000
Milk Grant 2,934 1,845
Minibus 24,565 -
29,999 13,884

5. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Support costs 5,258 4,744

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 3,448 4,463

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.



CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Functional 21 20

No employees received emoluments in excess of £60,000.

Average number of employees for the year was 21

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 70 - 70

Charitable activities
Provision of Childcare Services 299,418 11,845 311,263

Investment income 649 - 649
Total 300,137 11,845 311,982

EXPENDITURE ON
Raising funds 4,744 - 4,744

Charitable activities
Provision of Childcare Services 290,089 15,009 305,098
Total 294,833 15,009 309,842

NET INCOME/(EXPENDITURE) 5,304 (3,164 ) 2,140
Transfers between funds (177 ) 177 -
Net movement in funds 5,127 (2,987 ) 2,140

RECONCILIATION OF FUNDS
Total funds brought forward 134,785 94,020 228,805

TOTAL FUNDS CARRIED FORWARD 139,912 91,033 230,945


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 96,952 55,080 41,807 193,839
Additions - (22,925 ) 42,844 19,919
At 31 March 2023 96,952 32,155 84,651 213,758
DEPRECIATION
At 1 April 2022 8,402 52,348 41,805 102,555
Charge for year 1,939 1,509 - 3,448
Eliminated on disposal - (22,925 ) - (22,925 )
At 31 March 2023 10,341 30,932 41,805 83,078
NET BOOK VALUE
At 31 March 2023 86,611 1,223 42,846 130,680
At 31 March 2022 88,550 2,732 2 91,284

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,825 16,576
Other debtors 2,033 29
Prepayments and accrued income 3,805 2,334
23,663 18,939

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,352 2,742
Social security and other taxes 2,146 -
Other creditors 39,111 -
Accrued expenses 4,805 8,532
48,414 11,274


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General Funds 10,461 (2,222 ) (3 ) 8,236
Designated Capital Funds 10,375 (638 ) 105,340 115,077
Designated General Funds 61,500 - - 61,500
Planned Budget Deficit Spend 57,576 - (12,552 ) 45,024
139,912 (2,860 ) 92,785 229,837
Restricted funds
Milk Grant - (3 ) 3 -
Big Lottery Grant (Minibus) - 4,565 (4,565 ) -
Children and Young People's Partnership
(Flying Start)

703

(703

)

-

-
Childcare Sufficiency Grant 814 2,500 (814 ) 2,500
NPTCBC - 15,600 - 15,600
Capital fund CFAP Spend 89,516 (2,107 ) (87,409 ) -
91,033 19,852 (92,785 ) 18,100
TOTAL FUNDS 230,945 16,992 - 247,937

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Funds 336,228 (338,450 ) (2,222 )
Designated Capital Funds - (638 ) (638 )
336,228 (339,088 ) (2,860 )
Restricted funds
Milk Grant 2,934 (2,937 ) (3 )
Big Lottery Grant (Minibus) 4,565 - 4,565
Children and Young People's Partnership
(Flying Start)

-

(703

)

(703

)
Childcare Sufficiency Grant 2,500 - 2,500
NPTCBC 20,000 (4,400 ) 15,600
Capital fund CFAP Spend - (2,107 ) (2,107 )
29,999 (10,147 ) 19,852
TOTAL FUNDS 366,227 (349,235 ) 16,992


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
General Funds 10,560 6,656 (6,755 ) 10,461
Designated Capital Funds 5,149 (1,352 ) 6,578 10,375
Designated General Funds 61,500 - - 61,500
Planned Budget Deficit Spend 57,576 - - 57,576
134,785 5,304 (177 ) 139,912
Restricted funds
Milk Grant - (177 ) 177 -
Children and Young People's Partnership
(Flying Start)

1,471

(768

)

-

703
Childcare Sufficiency Grant 926 (112 ) - 814
Capital fund CFAP Spend 91,623 (2,107 ) - 89,516
94,020 (3,164 ) 177 91,033
TOTAL FUNDS 228,805 2,140 - 230,945

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Funds 300,137 (293,481 ) 6,656
Designated Capital Funds - (1,352 ) (1,352 )
300,137 (294,833 ) 5,304
Restricted funds
Milk Grant 1,845 (2,022 ) (177 )
Children and Young People's Partnership
(Flying Start)

-

(768

)

(768

)
Childcare Sufficiency Grant 10,000 (10,112 ) (112 )
Capital fund CFAP Spend - (2,107 ) (2,107 )
11,845 (15,009 ) (3,164 )
TOTAL FUNDS 311,982 (309,842 ) 2,140

CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General Funds 10,560 4,434 (6,758 ) 8,236
Designated Capital Funds 5,149 (1,990 ) 111,918 115,077
Designated General Funds 61,500 - - 61,500
Planned Budget Deficit Spend 57,576 - (12,552 ) 45,024
134,785 2,444 92,608 229,837
Restricted funds
Milk Grant - (180 ) 180 -
Big Lottery Grant (Minibus) - 4,565 (4,565 ) -
Children and Young People's Partnership
(Flying Start)

1,471

(1,471

)

-

-
Childcare Sufficiency Grant 926 2,388 (814 ) 2,500
NPTCBC - 15,600 - 15,600
Capital fund CFAP Spend 91,623 (4,214 ) (87,409 ) -
94,020 16,688 (92,608 ) 18,100
TOTAL FUNDS 228,805 19,132 - 247,937

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Funds 636,365 (631,931 ) 4,434
Designated Capital Funds - (1,990 ) (1,990 )
636,365 (633,921 ) 2,444
Restricted funds
Milk Grant 4,779 (4,959 ) (180 )
Big Lottery Grant (Minibus) 4,565 - 4,565
Children and Young People's Partnership
(Flying Start)

-

(1,471

)

(1,471

)
Childcare Sufficiency Grant 12,500 (10,112 ) 2,388
NPTCBC 20,000 (4,400 ) 15,600
Capital fund CFAP Spend - (4,214 ) (4,214 )
41,844 (25,156 ) 16,688
TOTAL FUNDS 678,209 (659,077 ) 19,132

Transfers between funds

The designated planned reserve spend is a reserve to cover future planned spend out of retained reserves.

Designated capital funds


CANOLFAN GOFAL PLANT TIDDLYWINKS
CHILDCARE CENTRE CYFYNGEDIG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

The designated capital fund balance represents the net book value of the fixed assets that have been purchased through an unrestricted grant.

Designated general funds

The designated general fund balance of £61,500 represents three months of running costs.

Milk fund grant

This represents the net book value of milk purchased through a restricted grant.

Children and young people's partnership

Represents the net book value of the fixed assets that have been purchased through a restricted grant.

Childcare sufficiency grant

Represents the net book value of the fixed assets that have been purchased through a restricted grant.

Capital fund CFAP Spend

Represents the capital net book value of the purchase of the existing building through a restricted grant. Amounts previously recognised as restricted funds have been transferred to unrestricted, as all conditions of the funding were previously met and the asset can be treated as unrestricted.

Lottery Grant

This represents the net book value of fixed assets purchased through a restricted grant..

NPTCBC

This represents the net book value of fixed assets purchased and property repairs through a restricted grant..

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.