PARTNERIAETH CWM ELAI C.B.C

Company limited by guarantee

Company Registration Number:
11871486 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

PARTNERIAETH CWM ELAI C.B.C

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PARTNERIAETH CWM ELAI C.B.C

Directors' report period ended 31 March 2024

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

Ms Elizabeth Treharne-Howells
Ms Angharad Spooner


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
20 December 2024

And signed on behalf of the board by:
Name: Ms Elizabeth Treharne-Howells
Status: Director

PARTNERIAETH CWM ELAI C.B.C

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 82,746 78,767
Cost of sales: ( 12,871 ) ( 10,898 )
Gross profit(or loss): 69,875 67,869
Administrative expenses: ( 95,280 ) ( 75,991 )
Other operating income: 29,448 8,110
Operating profit(or loss): 4,043 (12)
Interest payable and similar charges: ( 29 )
Profit(or loss) before tax: 4,043 (41)
Tax: ( 773 )
Profit(or loss) for the financial year: 3,270 (41)

PARTNERIAETH CWM ELAI C.B.C

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,983 4,075
Total fixed assets: 3,983 4,075
Current assets
Cash at bank and in hand: 9,836 5,679
Total current assets: 9,836 5,679
Creditors: amounts falling due within one year: 4 ( 2,618 ) ( 1,823 )
Net current assets (liabilities): 7,218 3,856
Total assets less current liabilities: 11,201 7,931
Total net assets (liabilities): 11,201 7,931
Members' funds
Profit and loss account: 11,201 7,931
Total members' funds: 11,201 7,931

The notes form part of these financial statements

PARTNERIAETH CWM ELAI C.B.C

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 December 2024
and signed on behalf of the board by:

Name: Ms Elizabeth Treharne-Howells
Status: Director

The notes form part of these financial statements

PARTNERIAETH CWM ELAI C.B.C

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    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: Plant & Machinery - 20% reducing balance Computer Equipment - 33% straight line

    Other accounting policies

    Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

PARTNERIAETH CWM ELAI C.B.C

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 7

PARTNERIAETH CWM ELAI C.B.C

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 7,996 130 8,126
Additions 1,176 459 1,635
Disposals ( 1,365 ) ( 1,365 )
Revaluations
Transfers
At 31 March 2024 7,807 589 8,396
Depreciation
At 1 April 2023 3,964 87 4,051
Charge for year 919 196 1,115
On disposals ( 753 ) ( 753 )
Other adjustments
At 31 March 2024 4,130 283 4,413
Net book value
At 31 March 2024 3,677 306 3,983
At 31 March 2023 4,032 43 4,075

PARTNERIAETH CWM ELAI C.B.C

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1
Taxation and social security 1,483 687
Accruals and deferred income 300 300
Other creditors 835 835
Total 2,618 1,823

COMMUNITY INTEREST ANNUAL REPORT

PARTNERIAETH CWM ELAI C.B.C

Company Number: 11871486 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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

Transfer of assets

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