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|||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|
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|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|
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|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|||||
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|||||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|
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##
|||||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|
##
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||||||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|
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||||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|
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|||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.||||||