CYLCH MEITHRIN PORTHMADOG
Cylch Meithrin Porthmadog provides early years education and development to young children through the medium of welsh.
Objects
AMCANION Y GYMDEITHAS YW HYRWYDDO ADDYSG PLANT DAN OED YSGOL YN PORTHMADOG TRWY GYFRWNG YR IAITH GYMRAEG - TO ADVANCE THE EDUCATION OF PRE-SCHOOL CHILDREN THROUGH THE MEDIUM OF WELSH LANGUAGE WITHIN THE PORTHMADOG AREA.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £2,572 for the year, resulting in unrestricted funds decreasing from £29,412 to £26,840. The trustees confirm that reserves have been maintained at a level equivalent to between three and six months' expenditure, consistent with their stated policy. The charity operates a defined contribution pension scheme and had no material debt during the year.
What the accounts disclose
“There were no employees whose annual remuneration was more than £60,000.” — page 14
“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 three and six month’s expenditure.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Volunteer management
Trustees
- ANNA DUKESchair
- ERIN WYN
- LOIS JONES
- NIA WYN JEFFREYS
- RHODRI GWYN JONES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/03/2025 | £87k | £89k |
| 30/03/2024 | £79k | £86k |
| 30/03/2023 | £64k | £50k |
| 30/03/2022 | £48k | £45k |
Common questions
Is CYLCH MEITHRIN PORTHMADOG financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £2,572 for the year, resulting in unrestricted funds decreasing from £29,412 to £26,840. The trustees confirm that reserves have been maintained at a level equivalent to between three and six months' expenditure, consistent with their stated policy. The charity operates a defined contribution pension scheme and had no material debt during the year. Its FY2025 accounts were independently examined.