for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Additional information
Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
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Total assets less current liabilities: |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
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On disposals |
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for the Period Ended 31 March 2024
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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Partneriaeth Cwm Elai C.B.C provides Full Day Early Years Childcare and Education through the medium of Welsh. During the financial year 2022-2023 the company has benefited the community in the following ways. 1) Providing high quality low-cost Full Day Early Years Care and Education through the medium of Welsh for pre-school aged children. 2) Our setting is registered with CIW and Estyn, and we are also registered Education Providers. In January 2020, a joint inspection was carried out by CIW and Estyn, in which we were scored Excellent in two of the categories inspected, and Good in the other two. With Sector leading on how we celebrate Multiculturism and Welshness. Also, positive comments on community ties and recognising local heroes. This demonstrates that our setting is inclusive and has community at the fore front of its aims and objectives. 3) We are Flying Start spot purchasers, this allows us to bridge the gap between the Welsh language and areas in the community that are identified by Welsh Government as being deprived. Our numbers were increased because of the need identified in the area. 4) Our focus has been reducing the financial burden of expensive childcare on local families, we are one of the lowest priced full day care providers in RCT. 5) During the current year we have offered free childcare places to families that have needed the support and continue to support families with resources such as play equipment and uniform for when their child starts school. 6) We operated a free TI a FI (Me and You) session once a week at our setting, this gave the opportunity for the Welsh language to be introduced to families and their children in a safe and friendly environment free of charge. 7) We have worked in partnership with a childcare training provider Sirus Skills, this has allowed us to upskill a members of staff who started as a volunteer and is now a part of the staffing team. All our staff have attended free courses and training paid by the company which are transferable to other employment opportunities. We have focused on continuous professional development this year, with all staff attending relevant training courses. The Director has been studying for a Social Policy Master’s degree. This further learning and development benefit the community as it is important to understand the factors that contribute to poverty, and understand how local organisations can work to reduce poverty and social exclusion, particularly for children. 8) We have adopted the Curiosity approach at our setting and have implemented the new curriculum. We have reduced the amount of plastic resources and replaced them with natural and authentic equipment that ignites the children’s imagination. This way of working gives the freedom of play back to the children with minimal adult interference. Once again, our setting has transformed over this past year while we have been putting in place the mechanisms for this approach. We aim to be more sustainable in the future by recycling and reusing equipment.
1) We have a range of stakeholders, these are our members who use the service such as parents, children and staff. Local community members who we consult on a regular basis such as the local councillor for the Tonyrefail Ward. 2) We work in partnership with the local Welsh School and the Wrap around childcare service. We have multi agency support in the form of CIW, Estyn, Mudiad Meithrin, Local Education Authority and Flying Start. Being a part of these agencies requires regular meetings, reviews, monitoring and putting any feedback recommendations in to practice. 3) This year we carried out an annual review in which we ask our members how they are satisfied with the service; the responses are anonymous and sent out in a survey link. The reviews were positive, and no recommendations or dissatisfaction was expressed. The responses were reviewed in the joint inspection carried out by CIW and Estyn. 4) We have a members Facebook and WhatsApp social media groups, in which we or the members can post updates and ideas or suggestions for the service. 5) We send home regular newsletters to our families that use our setting. 6) We hold weekly meetings with staff, and termly meetings with the Welsh school as we are located on their premises. 7) We include all members including the children on how the setting can be improved, this is done by giving the children the opportunity to use their own voice. From this we plan activates around suggestions they give. 8) We continually reflect on our practice and monitor how we can improve our service to benefit those who use the setting. 9) We have a suggestion and comment box located outside, members can post feedback or suggestions in this if requires. However, we have an open-door policy and welcome any positive or negative feedback and suggestions how to improve.
Two Directors were paid a combined amount of £27558 the Operations Director is full time, and the Business Directors is part time. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed
No transfer of assets other than for full consideration
This report was approved by the board of directors on
11 December 2024
And signed on behalf of the board by:
Name: E Treharne-Howells
Status: Director