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2021-03-31-accounts

Page
Chairman's
statement
Trustees report 2-18
Statement oftrustees responsibilities 19
Independent
auditor's
report 20-23
Statement offinancial activities 24
Balance sheet 25-26
Statement
ofcash flows
27
Notes to the financial statements 28-46

Setting Type Setting Type Number ofmember organisations
Playgroup 205
Parent and Toddler 45
E-OoSC 20
Full-day Care 345
i.
~Creche
Childminder
iCombined provision 17
Individual
Corporate
and student +741

Charity Name Charity Name Charity Name Early Years Wales 2018T/A Early Years Wales 2018T/A Early Years Wales 2018T/A Early Years Wales 2018T/A Early Years Wales
Charity Number 1056381
Company Number 03164233
Principal and Registered Office Unit 1,
Coopers Yard
Curran Road
Cardilf
CF105NB
Chair Mike Thorne
Treasurer Rejwan Ahmed
Trustees Alison Kitchen (resigned 23/7/20)
Rejwan Ahmed
Louise Bell (resigned 23/9/20)
Sue Carter (resigned 26/1 0/20)
Rachel Davies (resigned 22/4/21)
Elizabeth
Foley (resigned
11/2/21)
Dr Mark Griifiths
Sharon Mazzarella (resigned 12/2/21)
Lisa Owen
Dr David Dallimore (appointed 23/9/20)
Laura Gritfiths (appointed 23/9/20)
Jamie Powell (appointed 23/9/20)
Dr Mirain Rhys (appointed 23/9/20)
Victoria Wright (appointed 22/4/21)
Secretary David Goodger
Auditors Azets Audit Services
Ty Derw
Lime Tree Court
Cardilf Gate Business Park
Cardiff
CF23 8AB
Bankers Bardays Bank
51 Hope Street,
Wrexham
LL11 1BE
Investment providers CAF bank
25 Kings
Hill Avenue,
Kings Hill, West Mailing
ME194JQ

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes 6 6 6 6 6
Igggttt~fr
m:
Donations
and legacies
20,634 20,634 931 2,530 3,461
Charitable
activities
37,730 1,155,473 1,193,203 63,522 918,311 981,833
Investments 17,581 17,581 18,212 18,212
Total income 75,945 1,155,473 1,231,418 82,665 920,841 1,003,506
LMtggtIIIttr~
Charitable
activities
1,109,267 1,109,267 81,169 1,010,705 1,091,874
Other 10 1,388 1,388
Total resources
expended 1,109,267 1,109,267 82,557 1,010,705 1,093,262
Net gains/(losses) on
investments 12 160,011 160,011 (83,018) (83,018)
Net incoming/
(outgoing) resources
before transfers 235,956 46,206 282,162 (82,910) (89,864) (172,774)
Gross transfers
between
funds
66,846 (66,846)
Net movement in funds 302,802 (20,640) 282,162 (82,910) (89,864) (172,774)
Fund balances at 1
April 2020 1,118,473 65,427 1,183,900 1,201,383 155,291 1,356,674
Fund balances at 31
March 2021 1,421,275 44,787 1,466,062 1,118,473 65,427 1,183,900

2021 2020
Notes f 6
Fixed assets
Intangible
assets
15 19,800 24,750
Tangible assets 16 2,361 5,946
Investments 17 1,111,807 936,082
1,133,968 966,778
Current assets
Debtors 19 19,312 99,039
Cash at bank and in hand 363,630 187,423
382,942 286,462
Creditors: amounts falling due within
one year 20 (50,848) (69,340)
Net current assets 332,094 217,122
Total assets less current liabilities 1,466,062 1,183,900
Income funds
Restricted funds
U
titdf
d 23 44,787 65,427
Designated
funds
22 219,522 130,181
General unrestricted funds 1,201,753 988,292
1,421,275 1,118,473
1,466,062 1,183,900

2021 2020
Notes 8 6
Cash flows from operating activities
Cash generated
from/(absorbed
by) 28
operations 174,340 (3,765)
Investing activities
Purchase of intangible assets (24,750)
Purchase oftangible
fixed assets
(4,402)
Purchase of investments (90,955) (108,586)
Proceeds on disposal of investments 75,241 92,220
Investment income received 17,581 18,212
Net cash generated
from/(used
In)
investing activities 1,867 (27,306)
Net cash used in financing activities
Net increase/(decrease)
in
cash and cash
equivalents 176,207 (31,071)
Cash and cash equivalents at beginning ofyear 187,423 218,494
Cash and cash equivalents at end of year 363,630 187,423

Unrestricted Unrestricted Restricted Total
funds funds funds
2021 2020 2020 2020
6 6 6
Donations and gifts 20,634 931 2,530 3,461

2021 2020
6 F
Membership 35,078 44,182
Grants 1,155,473 918,311
Quality assurance 187 13,844
Sale of publications
and promotional
items 2,465 5,496
1,193,203 981,833
Analysis
by fund
Unrestricted
funds
37,730 63,522
Restricted funds 1,155,473 918,311
1,193,203 981,833
Grants were received from the following sources:
2021 2020
f f
Welsh Government
- CWLWM
647,968 456,896
Welsh Government
- DCELLS: Early
Yrs Co-Ordinator 52,000 52,000
Welsh Government
- Welsh Language
Department 50,000 50,000
Carmarthenshire
County Council - Children's
Services 10,697 10,000
Ceredigion
County Council - Family
Information Service 4,500 4,500
Conwy County Borough Council - Education Services 10,190
Denbighshire
County Council - Flying
Start 8,093 8,093
Flintshire
County Council
56,086 77,039
Gwynedd
County Council - Education
Services 206
Isle ofAnglesey
County Council
10,840 10,840
Monmouthshire
County Council
6,000 6,000
Newport
City Council - RSG
92,500 86,750
Newport
City Council - Additional
Needs Referal
Scheme 9,000
Swansea City Council - Early Intervention Service 12,527 14,527
Welsh Active Early Years Project 166,937 116,845
Conwy County Borough Council - Governance 1,425
SASS Support
&Promotion/Partner
Work 4,000
Moondance
Foundation
30,000
Mudidad
Meithrin
7,325
1,155,473 918,311

Unrestricted Unrestricted
funds funds
2021 2020
6
Interest receivable 17,581 18,212
Charitable
activities
2021 2020
6 6
Staff costs 677,578 640,565
Depreciation
and impairment
6,443 3,525
Advertising 600
Computer,
internet costs and telephone
57,175 32,995
Heat and light 1,846
Insurance 9,097 9,906
Other costs 2,539 (204)
Other staff costs 32,689 7,237
Events 13,164 16,641
Printing,
post and stationery
39,890 30,258
Professional fees 11,226 13,741
Publications,
training
and subscriptions 50,230 26,547
Quality assurance 3,816 8,562
Premises costs 65,565 57,045
Travel and subsistence 1,488 36,245
970,900 885,509
Grant funding ofactivities (see note 9) 73,651 92,044
Share ofsupport costs (see note 8) 55,413 104,948
Share ofgovernance costs (see note 8) 9,303 9,373
1,109,267 1,091,874
Analysis
by fund
Unrestricted
funds
81,169
Restricted funds 1,109,267 1,010,705
7 Interest receivable
Charitable
activities

8 Support costs
Support Governance 2021 Support Governance 2020
costs costsf costs
F
costs
f
Staffcosts 25,454 25,454 22,946 22,946
Depreciation 2,092 2,092 2,862 2,862
Bank and other charges 1,100 1,100 1,284 1,284
ITand telephone 9,102 9,102 11,196 11,196
Premises costs 58 58 1,343 1,343
Irrecoverable
VAT
39,461 39,461
Professional fees 2,998 2,998 10,769 10,769
Publications,
training
and subscriptions 477 477 721 721
Travel and subsistence 93 93 1,496 1,496
Other staff costs 3,224 3,224 4,954 4,954
Printing,
post and
stationery 10,815 10,815 7,916 7,916
Audit fees 9,240 9,240 5,500 5,500
Accountancy 2,100 2,100
Meeting costs 63 63 1,773 1,773
55,413 9,303 64,716 104,948 9,373 114,321
Analysed
between
Charitable
activities
55,413 9,303 64,716 104,948 9,373 114,321

2021f 2020f
North East Wales 22,682
South East Wales 39,843 69,362
Moondance Foundation 30,000
COVID-19 small grants 3,808
73,651 92,044

Total Unrestricted
funds
6
2021 2020
1,388

Unrestricted Unrestricted
funds funds
2021 2020
6 6
160,011 (83,018)

The average monthly
number ofemployees
during t
he year was:
2021 2020
Number Number
Functional 20 20
Support 11 12
31 32
Employment costs 2021 2020
8 8
Wages and salaries 631,178 598,296
Social security costs 47,146 43,456
Other pension costs 24,708 21,759
703,032 663,511

Intangible
fi
xed assets
Webaite
8
Cost
At 1 April 2020 and 31 March 2021 24,750
Amortisation and impairment
At 1 April 2020
Amortisation charged for the year 4,950
At 31 March 2021 4,950
Carrying
amount
At 31 March 2021 19,800
At 31 March 2020 24,750

Tangible fix ed asset s
Office Computer Total
equipment equipment
8 8
Cost
At 1 April 2020 80,590 18,954 99,544
At 31 March 2021 80,590 18,954 99,544
Depreciation and impairment
At 1 April 2020 80,590 13,008 93,598
Depreciation charged in the year 3,585 3,585
At 31 March 2021 80,590 16,593 97,183
Carrying
amount
At 31 March 2021 2,361 2,361
At 31 March 2020 5,946 5,946

17 Fixed as set investme nts
Listed
investments
8
Cost or valuation
At 1 April 2020 936,082
Additions 90,955
Valuation changes 160,011
Disposals (75,241)
At 31 March 2021 1,111,807
Carrying amount
At 31 March 2021 1,111,807
At 31 March 2020 936,082
18 Financial instruments 2021
f
2020f
Carrying amount of financial assets
Instruments
measured
at fair value through profit or loss 1,111,807 936,082
19 Debtors
2021 2020
Amounts falling due within one year: 6
Trade debtors 4,836 79,102
Prepayments
and accrued income
14,476 19,937
19,312 99,039
20 Creditors: amounts falling due within one year
2021 2020
Notes 8 8
Deferred income 21 26,654 25,788
Trade creditors 15,706 31,425
Other creditors 264 1,864
Accruals and deferred income 8,224 10,263
50,848 69,340

2021 2020
6 6
Arising from government grants 26,504 20,000
Arising from membership income 150 5,788
26,654 25,788
Deferred income is included in the financial statements as follows:
2021 2020
6 6
Balance brought forward 25,788 21,302
Income received 36,010 48,668
Income released (35,144) (44,182)
Balance cardied forward 26,654 25,788

Balance at Resources Transfers Balance at Transfers Balance at
1April 2019
f
expended
6
6 1 Apdl 2020
f
6 21 March 2021
F
Strategic and
development staffing
hours 3,112 (70,413) 67,301
Project development 32,295 (17,615) 14,680 12,335 27,015
Events 13,000 (9,803) 3,197 (3,197)
Governance 139,890 (44,651) 95,239 (56,785) 38,454
Central costs 40,000 (22,935) 17,065 31,669 48,734
Early Years Wales Welsh
project 1,618 (16,086) 14,468 10,967 10,967
Fixed assets 22,161 22,161
CWLWM membership 51,500 51,500
Wrexham
donation
20,691 20,691
229,915 (181,503) 81,769 130,181 89,341 219,522

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under non-cancellable
operating
leases, which fall due a
s follows:
2021 2020
6 6
Within one year 40,080 35,931
Between two and five years 40,840 133,388
80,920 169,319

Cash generated
from operations
Cash generated
from operations
2021 2020
Surplus/(deficit)
for the year
282,162 (172,774)
Adjustments
for:
Investment
income recognised
in statement offinancial activities (17,581) (18,212)
(Gain)/loss
on disposal oftangible
fixed assets 1,388
Fair value gains and losses on investments (177,592) 83,018
Depreciation
and impairment
oftangible
fixed assets 8,535 6,387
Movements
in working
capital:
Decrease
in debtors
79,727 78,002
(Decrease)/increase
in creditors
(19,358) 13,940
Increase
in deferred
income
866 4,486
Cash generated
from/(absorbed
by) operations 156,759 (3,765)
Analysis ofchanges
in net funds
The charity had no debt during the year.