CYLCH MEITHRIN A TI A FI CERRIGYDRUDION
Cylch Meithrin for 2.5-4 year olds
Financial health, per its FY2025 accounts
The accounts state that the financial position is acceptable but reserves are required to sustain the charity due to declining attendance. The charity relies almost entirely on government contracts which sometimes do not cover costs, particularly if staff are on long-term sick leave. Reserves are held specifically to manage the risk of sudden changes to grant funding and to pay staff salaries.
What the accounts disclose
“Reserves are held in case of any sudden changes to Childcare and Educational Grants received from the Government and Council and the need to pay 4 staff salaries £31,729.33”
“The financial position at the end of the year is acceptable, however with less children attending Cylch, reserves are required to sustain the Cylch financially in the future.”
Trustees
- Heledd Wyn Lynch
- Marial Gwynn Guttridge
- Melangell Aled Owen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £41k | £43k |
| 31/03/2025 | £55k | £58k |
| 31/03/2024 | £45k | £40k |
| 31/03/2023 | £54k | £57k |
| 31/03/2022 | £39k | £33k |
Common questions
Is CYLCH MEITHRIN A TI A FI CERRIGYDRUDION financially healthy?
Per its FY2025 accounts: The accounts state that the financial position is acceptable but reserves are required to sustain the charity due to declining attendance. The charity relies almost entirely on government contracts which sometimes do not cover costs, particularly if staff are on long-term sick leave. Reserves are held specifically to manage the risk of sudden changes to grant funding and to pay staff salaries.