REGISTERED COMPANY NUMBER: 117998357 (England and Wales) REGISTERED CHARITY NUMBER: 1149061 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST SEvfEMBER 2021 TO 29TH AUGUST 2022 FOR CARDIFF STEINER EARLY YEARS CENTRE LTD llN "JK4W4061" 3fyfjY2023 COIAPANIES HCMJSE A13
CARDIFF STEINER EARLY YEARS CENTRE LTD CONTENTS OF THE FINANCIAL STATEMEKrs FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 Pge Rert of tbe TTh5tee5 Indeptndent ExamiTrer's Report 12 Ststemewjt of Finaneial Activilies 13 BAlaDce Sheet 14 10 15 Ch Flow Statement 16 Notes to the Cash Flow SttemeTrt Notes 10 th¢ FiDanci#I Stalemthts 18 10 24
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 0799835D REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUS.T 2022 The Trnst¢rf of the charity are also Directors of the Company for the purposes of COmF4ny law. Tn$ who served during the year and thetT dale5 of appoinlment were &5 follows: Ms B A Bowen- Chairperson apwinted Oci 2020 (apw>inied March 2012. relKlion July 2015. May 2018, Oct 2020) Mr R Knight appoint¢d Feb 2022 (¢¢wted Feb 2022, rntified Jun 2022) Dr K W Anfield appoinied Jun 2022 (appoinied July 2014. re-eledion JLEI 2016. Aug 2019, Jun 2022) Mr M A Flynn appointed Jun 2022 {cop1ed February 2019. raiified Aug 2019, re<l¢ction Jun 2022) Dr H D Evans apwTrinted Aug 2020 (Cl0pled Aug 2020. ratified Oci 2020) Ms F White5ide appoint¢d Apr 2020 (c(wpted Apr 2020, ratified (kt 2020) Mr Norn)an Gettings resigned Apr 2022 (appoinwi Jul 2015, r¢-elKtion May 2018, Jun 2021) Mr M JV Ash-Edwards resigned May 2022 {co-OPtion Dec 2017. Tatifi¢d May 2018. re-eleciion Jun 2021) Tru5t¢¢5 rnay b¢ appointed by existing Ttee5 or nOMined and elecied by the ¢harityS membeTS at the Annual General Meeting. Th¢ Board of TSte¢S evaluate the curreni balance of skills. knowledge and experi¢nce on th¢ Board in seeking to recruit any TTuMee roles. Trusl¢¢s are interviewed and inducted tn iheir role by existing m15tee& and ar¢ provided with a statement of responsibiliiies. induciion pack ar inforrnation on key policies, procedures and governing docurnenis. Trustees underthke training as required, both specifi¢ to individual roles. or to the Board as a whole. OKJECTIVES AND ACTIVITIES objectiv of the charity "To advance the education of children and young peopk arvj SUPEK)rt families and individuals in accordance with the educaiional principle5 of Rudolf Sieiner." The charity's mission siatemeni is. We provide an inspiring ond nurturing education based on ihe principles of Rudolf St¢in¢r that respects each child's individual development. We serve ihe city of Cardiff and surrounding areas, and weleome children and families from all cultural and religious backgroynd5. W¢ s¢¢k to fully internct with the wider community through projects and evenis. We offer a comprehensive child-centred U(all0n through parent and child groups, kindergartens and a vibrant school offering a Iivbng Sieiner cutTiculum. Ever)thiDg we und¢rtake we Sknye 10 do erhically, con%iously and with integrity." Snifieant activities The School successfully completed its t¢nth year of growth, and our second year of offering a 17 Steiner Waldorf education from age 3 to 18 one of only eight Sieiner schools in the UK to do so. 2021-22 was ihe fourth year of the School offering ihe New Zealand Cenificaie of Steiner Education (NZCSE). with our second Upper School Cla55 ¢ompl¢iing the Level I qualification and ihe remainin8 Class 12113 stydents ¢ompl¢ting L*vel 3. Page I
CARDIFF STEI]YER EARLY YEARS CENTRE LTD IREGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 OPJECTIVES AND ACTIVITIES Volunteers and commynity Sypport The charity welcomes and ber)IS from the volunittr input of its parents. staff and supporter4 with many voluntary hours contributed. Parenis, and often their child's exiended family. are direcily involved in the School's work, undertaking volunteer roles including rnnning community evenis. cultivating and developing the School's grounds, supporting pupils. learning in the School and on trips, in addition io organising and participating in ndraising events. The financial ststements do noi include a valuation foT these as they Cann be measured reliably. and would nol nomially be provided as part of lh¢ volunt¢¢rs' trad¢. The School focused during the year on rebuilding 8nd reinvigorating rents1 ¢ngAgement which had inevitabty Teduced during Cowid-19. Central to this was T¢tabliShing a 5tron& cornrnitred group of Parent Represerttatiyes (Class Reps) who are pivoial in fosiering engagemeni wiihin our School community_ The School Managem¢nt Team and Class R¢p$ began regular meetings which have solidified pamership working and helpj develop and ¢mE*d the Class Rep role. This was evident in the Cl&8$ Reps, commitment io ihe Online Chris¢mas Auciion, whi¢h rdi5¢d vilal funds for the School's Bursary Fund, as well as providing a focus for community fiJndraising and outreach while reducing the risk of vid transmission. Cla55 Re also held a first 'Winter Gathering. for School families as an alternativ¢ to the publi Christmas Fair which, for th¢ s¢cond-year runnin& was impacted by"Covid and the emergence of a new variant in Decemb¢r 2021. Th¢ gathering wa5 greatly valued by everyone who attended. providing a welcome moment of re•COrcCt10n and community. Class Reps a150 act¢d as ambassadors for the School ai Open Events. In rhe summer iern the Class Reps held a whole School con]munity workday io come iogeiher to beauiify the garden ftsr the coming year. and io iniiiare monihly Garden Work Days throughout the year. The Garden Group are also evolving the original designs for the School ground5 developed with pioneering Eco Architect, Christopher Day some years ago. Part of The Sieiner eihos worldwide is that li is a positive thing for farnilte5 to b¢ involved with the cotnmunity that holds their children's education in its hands. and ihe5e events provid¢d tangible parent COneI0 arwj contribution to their childlren's leaming environment. These activilies show ihe strong commitmeni of parents and sff to their children's education and their 5UPPOrt in helping the School io 0W and develop. The School has a very strong cornmunity, with a shared understanding of the charitys aims and ethos, which has a positive impact on the educaiion li delivers. The Tnle¢S wish to pla¢¢ on r¢cord their appreciation of the commiknent and dediClon Sho by OUT sraff. parenis and friends for this 5UPPOrt. Pag¢ 2
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED J4UMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD Isr SEPTEMBER 2021 TO 29TH AUGUST 2(122 ACHIEVEMENT AND PERFORMANCE R¢view of aetivities This was the tenth y¢ar of operation for th¢ Chtsb1e company Cardiff Sieiner Early Years Centre Lid. The charity was esiablished in 2012 with the opening of our first c]Se5 for children aged 6 to 10. building upon ihe firni foundation5 Of 1 S years as a successful Kindergarten. The charity coniinues the activiti and aims of the previous Chariiable Trust. Cardiff Steiner Early Years Centre. The School is accrediied and licenced io offer the New Zealand Certificate of Sieiner Education (NZCSE) as our Upp¢r School qualificaiion from Level I 10 Level 3 (age 16 to 18119). The Certificate is the first trans-national, secondary schiK)I qualification to be fvlly based on the Steiner curriculum. li 15 a rKognised and innovative qualificaiion ihai allows students to confjdently progress to furtherthigheT education. The NZCSE was introduwl into the UK in 2012 and is now the most wid¢ly offer¢d qualification in UK Steiner Schools thai offer a 1] K£lass 12 Steiner education. 2021-22 was ihe founh year of the School offering the NZCSE. Our second, UpFtr School Class 1011 I completed ih¢ir Level I qualification, while our remaining Class 12113 students completed their ikvel 3 (this was the second half of our pioneer Upper School Class. wilh ihe oldest swdents having ¥d¥ted in summ¢r 2021). Every two years the School h&% a new Wer khool Class and a new Upper S¢hiK)I Class as older KindeTgarten and Lower School pupils move into th¢ n¢xt stages of ihe School. Class 8fy moved io Upper School in September 2021, and the Kindergarten risers lo cl I In January 2022. Boih classes were well prepared for ihe mov¢, with skilfully planned and executed transition proc¢sse5. This year was marked by a return to nonnality in th¢ trynsition from par]demic to endemic after the restrictions and lockdowns over ihe previous 18 month5, Wilh some muth-needed stability for siatT. pupils and familie5. Thi5 wa5 palpable in the reversion to a single entrance wilh P8Tents back in the playground io mingle and socialise- in increasing opporbjnities for face to face Pareni Mewings, allendance zt perft>nnances and evenw and volunieering on School activities. and for the pupils in increasing numttrs of trips and whok h0o] f¢stivals arml events. The doors were open again. Th¢ School look a caulious approach to ihe lifting of restrictions and the ernergence of new covid variants. and staff and pupil absence remained higher than usual because of ihis. though the School was able to manage this successfully thanks to th¢ fl¢xibility and creatiVTty of our Educaiion Coordinaiors in programrnin& a1 the resilience and goodwill of sraff in the ¢la5srooms. The roadmap out of Covid allowed for a long-planned. le-stsff Visioning Residential R¢tr¢at in November half terni. Staff spent two days at Coed Hills Rurnl ATtspace using Resioraiive Approaches and the th¢me of the Hero's Journey to Covcreate a shared sense of school identity and purpose. collaboraiively ideniify Whole-h0o1 improvement targets. foster a s¢ns¢ of cornrnunity and collaboration, and improve 5ff wellbeing. This had a wJgibl¢ impact with staff Working together mor¢ collaboraTiv¢ly, and with a shared commitmeni and positivity towards ¢hall¢ng¢s. Thi5 unde)pinned two furtheT INSET day5 in J#nuary 2022 with WRAP (Wales Restorative Practice5) iniliating Th¢ 2nd year of their programme with ihe School, and ¢onsolidating Restorntive Approaches and relaiionship-based pra¢tic¢ and process. Provision for Additional Leamtng Needs (ALN) is a School Improvem¢nt prioTity ¥nd the S¢hool increased irs ALN staifing budget during the year by an additional 40 hours per week. as well a5 adjusting the allocation of staffing in response to identified needs. The School apInted a new Additional Learning N¢eds Cwrdinator (ALNCO) in November 2021. and an addiiional Lower School Cl&8sroom Assistant in January 2022. as well as increasing L£arning Support hours in Upper School. The n¢w ALNCO is an experienced and qvalified classroorn ieacher wi(h a BA (Hons) Primary Education with Qualified Teacher stat with many yfdrs. experience of working with children and young people with additional needs. Work wa5 undenaken to r¢view proyisiort towards the new Welsh ALN frameworL involvin8 close liaison wilh parents and, imprtanily, putting the Child ai the centre of ihe pr(vs5. In Upper School new support initiatives included an alternative practical maths strand for studenis who may struggle with the rnore traditional, ab5trdCi maih¢mati¢al prograrnme. The School continued io expand ivs Upper School sthtTing with the appoinlm¢nt of a specialist visiling Chemhsty Teacher able to take sttwjents to Ixvel 3 in this subjeci. The Class Teachers of our y(MJngesi Lower School Classe5 began training in Sounds Write, a phonlcs-bd programme rQmended by the Steiner WaldorfS¢hools Fellowship. This is pan of the School's aclions to improve the ¢oher¢n¢e of Liieracy teaching in Classe5 1 to 3. Additionally, all tATrwer School Class TeacheTS began training in 'Maih for Love, a O-year Maths EdutiOn proieci for Steiner ieacher5 which is pedagogically appropriate for Sieiner schools. Page 3
CARDIFF STEI]¥ER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD IsfsErrEMBER 2021 TO 29TH AUGUST 2022 Some highlight5 of th¢ year inclu(led th¢ long-awdit¢d return of School trip5 with Clas5 10111's surveying trip to Coed Hill& Classes 8-1 I s Art & Outdoors trip to Yorkshire, and Class 61Ts w¢ek-residenTial to the 'On the Hill, experi¢n¢e science program in Devon where activities included building a lime kiln. harvesting and producing nutriiious food. as well as other practical experiences of core principles of mechanics. Younger Classes enjoyed a local'Life Cycles. trip to Foresi Fami, and a Class 415 trip io Hereford Steiner Academy io perforni their Eurythmy production of 'Perroneik. The Class 819 Projeci Fair at ihe end of ihe year showcased ihe independence. initiative and responsibility of our siudents, and h¢lp¢d prepare them towards the lifelon8 journey of self<ducaiion. Six Upper School students volunteered to take int¢nsiv¢, two-day First Aid at Work Tnining {aSongside stsft) to become part of ihe first aid team in School, developing ih¢ir confid¢nc¢, l¢adeTship and lift skill5. The School had stronger than anticipat¢d mISsIOnS of pupils to iAJw¢f and Upper School in the Autumn iemi, and ¢oDtinu¢d to attrt increasing nurnbers of familie5 moying to Cardiff ternpornrily or pennanently from other parts of the UK and overseas. The School has a diverse, internaiional faculty and sthdent wrnmunity and proudty see themselves as a beautifully international, Welsh h0O1, ¢el¢brdting this duTing the year with a range of frstivals including those thai refleci the kgroundS of our diverse families. PatThership working made a posiiive cOntriblon io provision for pupil& and to a wide range of valuable developTnent opportunities for stsff. As an Accredited Provider of the NZCSQ th¢ S¢hwl receives training for tearher5 in QMS processes and quality assured assessment praciices. and sthff auended the annual 'C¢rtificaie of St¢in¢r Education Intemaiional Conference. online. The School also benefits from SUPFKJnive parthership5 Wilh other UK Steiner Schoo15 offering the NZCSE. including sharing resources and moderation expertise. and its pamership with the St¢in¢r Waldorf Sch(h)Is Fellowship. The Trus*es wish io record their thanks to ihe whole School community for their support this year. With the participation and g(K)d will of parents. the resilience, p)silive allirude and engagement of the pupils- and the dedicaiion and commitment of the faculty and Maff. the School was able io continue lis rich curriculum Journey and provide an education that is powerfully alive. meaningful and carefully desiw)ed io med (he needs of each 0wing Child and young peTSOn. Page 4
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEFTEMBER 2021 TO 29TH AUGU 2022 FINANCIAL REVIEW Review of finances These are the accounts for Cardiff Steiner Early Years Centre Lirnited (CSEYC) from I S¢M¢rn 2021 to 31 August 2022. Ceneral F4nd Th¢ Tnain financial aim of the charity is io ensure the core running costs of rhe khool are rnet by core income SOLwces in order to support the charitsble airns. These COTe income sources are fee5 and renral iDc4)me from hi spa¢es. The Siatemenr of Financial aciiviti¢5 for th¢ Ye shows a surplu5 of £2.852 (£3,295 in the previou5 year) unre5trict¢d for incoming and expended resources. This is the ninth suessive year of surplus, and the Tnjstees consider this a good achievement for the charity in ils tenth year of opernion and expansion. following a period of g]obal pandemic and ongoing econornic instability. As a small sch¢)ol dedicated to sKi¥l in(17VIty the charity prudenily manages finance5 to mak¢ # small surplus sufficient ro maintain an appropriaie reserves fund. This mean5 that the School is sensilive io the type of economic challenge currently being experienced globally. The kh(K)I continued to act responsively to mainthin the financial security of the School through carefijl monitoring and review of ouigoings, and working closely with parents io manage their fees paymenis and provide paymeni options where a faMilS ability io pay in the irnmediate tem was affected. Financially the S¢hool's key challenges this year were absoTbing ihe impact of lower Kindergarten Athnission4 which were notably iMled by Covid-19 and its aftemiath, retaining families in a diffKuli economic climott, whil¢ managing e5¢alating cost5 of oY¢the¥d4 particularly ulilities from Febrnary 2022 onwards. The reduction in admissions to Kinikrgarten wa5 anticipated duc to rhe tovid gap'_ the inability to recruit pupi15 into Kindergarten during rhe lockdowTr5 from March 2020 to July 2021. and was budgeied for accordingly. This continued to impaci in 2021-22 due io a number of factors including.. fear of further ]kdoWnS- parents coniinuing to work from home" financial pressure in ihe economic climate. lack of both formal (Open Days) and 'soft' (Fairs) admis5ton5 aciiviiies due to Covid. and lack of Parent & Toddler groups du¢ to covid (these were cancelled from March 2020 to June 2021). As the key feed.in route io Kinderganen the rmpaci of this will tske until Juty 2024 to'grow out. when ihe O-l year olds who joined our Toddler 0upS after reopening in Jwje 2021 turn 3. The School tiX)k robust action ihroughout the year to address as many of these contributing factors as possible. Fomial admissions ev¢nts restarted in March 2022. and Pareni & Toddler groups were reviewed and restructured following relaunch, changing from a'Drop In. forniai io block-booking half iennly. This ha5 been very successful with both groups at fvll capacity sinc¢ relaurjch and a healthy, 0wing waiting list with income frorn the groups at its highest for four year5. The pre-booked 0upS fomlat is a good basis io increase the conversion rat¢ from Parent & Toddler to Kindergarten as it enables a cohesive social group of more comrnilled auenders. We a150 introduced regular communications to current Toddler Group attendeTS and inviied ihem io tske pan in seasonal Kindergarten Festivals io suppon this. Utility costs were fixed for 3 y¢ar5 within ihe y¢4r. and usage of gas and electricity was closely managed 50 th expenditure on uiiliiies al year end Wds actually lower than the previous year. Both cleaning cost5 and mainienancelrenewals costs were halved without imparting the health and Safety of the siie. This was due. in various parts, io a lessening of Covid cleaning requirements, bringing cleaning services in-house, and focusing on esseniial rnaintenanee. renewal and development work io the premises (lock&)wns h*1 4llowe(l us additional site-time to und¢rtak¢ rn0 extensive renewals in the wevious year). Tolal assets sland at £610,648 (£648,051 th¢ previous year) comprising £434.184 in fixed assets (£453,456 ihe previous year) and £166.800 in cash ai bank and in hand and debt owed to the charity (£194,595 the previous year). a reduclion due io in part to depreciation of fixed assets and provision for debt as £overed in Credit Control below. Amounis falling due within l year are £102,767 (£125.326 ihe previous year). After amounts falling du¢ after more than one year and deferred grant income. Ihe ioial funds of the charity. are £286.623 1£266.623 unre5tyiCted and £20,000 restricied) up from £283,771 th¢ previous y¢ar. FUTURE PLANS The aims and key objectives for developmenr ai the end of the period include to ensure the ongoing financial health of th¢ S¢hiKTrI during the ¢urr¢nt ¢¢onomic climate. io further improve the learning environmeni wiih additional l¢arning spaces in a s¢¢ond stage of our building Ikv¢lopment prngram and outdoor space developmeni.. and to fiber consolidaie our delivery of the NZCSE. Page 5
CARDIFF SfEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th¢ charity is tontrolled by its governing documeni, a memorandum and articles of association, and constiDJtes a limiied comp8ny, limit¢d by guardntee, as defined by the Companies Act 2(. Org#nisatiDnal struclure Cardiff Steiner School is a self-administered, collaboraiively led inm1(lon. Its leadership is divided across ihree group& ¢ach r¢sp(Trnsible for a specific realm of decision making - the College of Teachers. the Board of Trustees and Administration - with the School Management Tearn managing the ongoing operations and developmeni of the School. This approach r¢fl¢cts th¢ holisti¢ nature of Steiner education, and while administratively more complex. allows for eater c4)mmunal responsibility. Each 0P swives for thoughtful independence. upholds its own work, recognises where responsibilities overlap, undersiands when an issue fa115 to another group. and WOTks with rhe other groups with Ih)nesty and inie8rity. The Board of Trustees - are Tesponsible for overnll governance and cary restKTrnsibility for the le1 good-standing and rjnancial well-being of the School, and ensure thai the Charity fulfils its charithble obje¢liv¢5. The Coll¢g¢ - the School d0¢5 not have a head teacher, bui instead ieachers share responsibilities and work iogether in a non-hierarchical 'collegiate'. The College are reSnSIble for pedagogical governance - for mallers that dire¢ily r¢lat¢ to Ihe classroom and the teaching of th¢ children, includiRg 1dag0, currhculum development, a5ses5ment and the menioring and evaluation of teachers. Administration - is made up of the School Admini5trdtive Manager and School Business Manager. Adminisrration have responsibiliry for financethusinessladministraiive operation& regulatory cornpliance. managing contact with outside individuals and agencies. marketin& communicwions, admissionenTOIrnen¢ fa¢iliti¢s ond fundrd1sindeve1opment. The Schcmll Management Team (SMT) manages ihe ongoing operations of the khool - roordinatin8, monitoring and reviewing the impleTnentation of the khool Developmeni and ImprovemenTS Plans and the aciiviii¢s of th¢ vttrious spheres of the School. Responsibility for moniioring and evaluaiing ihe effeciiverw of the ov¢rdll School Improvement Plan 15 th¢ r¢sp(Trnsibility of the Board of Trustees. working wilh the School Mana8ement Team, to ensure that th¢ School d¢liv¢rs o good quality of educaiion in line with its charitsble aims. Other cross-group mandat¢d cornmittees and task groups have responsibility for specific activiiies of the School. Each of these operates as a mandat¢d or delegated group under the direction of one of the above-meniioned bodies. The School Business Manager is delegated by th¢ Tn¢¢5 to develop and rnanage financial policies and practices ftir the School including the following areas. ' managing financial policies and praciices for the SclN>ol financial planning, budgeting and monitoring annual budgei, fees, salary and beneflt review ' d¢velopin& managin8 and implementing the Bursary Scheme ft¢ debt Colltion The School Bu5ine55 Manager rewts directly to the Tnee WI aye responsible for ihe finarKial oversight of the charity, with all tru5te playing an KtiV¢ Tok in this. Page 6
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk managtmentfftestrve fund The trust¢¢5 have a duty to ]dtify and r¢vi¢w the risks to whi¢h th¢ charity is exsed and io ensure appropriale controls are in place to provide reasonable assurance againM fraud aThJ error. Th¢ Tru4e¢s have reviewed the major risks io which ihe charity is exposed. and systems have be¢n ¢stsb1i5d to rnwnage those risks. The main financial risk to the charity is considered to be unexpected significani Ios5 of in¢ome or unbudgeted expenditure_ Totsl fvnd5 at year end were £286.623 (£266,623 unrestricted and £20.000 resrricied). up from £283.771 {£263.771 unTesrricied and £20,000 restricted) in the previous year. This includes unresthcied cash ai bank and in hand and debts owed io ihe charity of £141.485represeniing approximaiely 2.63 months of ¢or¢ operdting costs (2.65 months in the previous year). Th¢ Trust¢es wnsid¢r that, given the strength of the charitys balance shed. ihe care1 and denl monitoring of finance& iogeiher with stsble cash flow from fee5. effective rnarketing and student recrnimRnr aciiviiie& and the available banking facility ihat Can be called upon if need arises, that there is no curreni need io build a larger cash reserve in the short temi. The Trusitts recommend ihaL in order to mitigate fvture risk, the charity should continue io work towards establishing cash reserves of 3 monihs nmning costs (£160.7(Ml) within the next 4 years. Pension FwThd *nd Liability The Charity use NEST for their workpla¢¢ pension xheme. NEST Es set up by the UK govemmenr and by NEST Cotwraiion. a non-deparnnental public body. The charity deducts and pays pension contributions and keeps required records of enrolmeni. The Pension Fund paid inlo NEST at year end totall¢d £55.125 (£37.954 ihe wevious year). Page 7
CARDIFFSTEINER EARLY YEARSCENTRE LTD (REGISTERED NUMBER: 07998357)
REPORT OF THE TRUSTEES
FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022
REFEREIYCE AND ADMIJYISTRATIVE DETAILS
Fixed AssetslProperty
The main fhxed assei of ihe charity is the buTlding and land known as Cardiff Sieiner Sch(M)I, Hawthorn Road West,
Cardiff. The charity did not make any improvementsldevelopments io the building thai were capitalised in the year
(£41,562 the previous year). following the completion of the Phw I buildin8 development project in the previous year,
with Phas¢ 2 planned for th¢ 2023-24 sch(M)l year. The Sch
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 079983S7) REPORT OF THE TRUSTEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 As an educational charity all ihe income of the charity must be applied for educational purpos¢$. W¢ re¢¢ive tax exemption on our educational activities (and on any invesknent incomt and gains) provided these are applied for our charilable aims. As a charity we are also entiiled io an 80% r¢du¢tion on our business rdtes on the property we occupy for our charitable purposes. The financial benefits we receive from ihese tsx exempttons ue #ll applied for ¢ducational purposes and indirectly help us to mainiain our bursary and wbsidised fees schemes for families on lower inroTnes. However, as an educational charity, we unable to rlaIM VAT input tax on our costs as we a exempt for VAT purposes. We also pay thx as an employer through the national insurdnrx contributions we rnake. In additional to ihe very substsniial benefiis our School brings io our pupils. Ihe local cornrnunity and socÈety through the educaiion we offer, our bursary and subsided fees progrnnme, outteach and public evenrs progrdmrn¢. provision of fa¢iliti¢s for public u5¢ and our PQSLtion as an important hub for infonnation exchange and be practice, mejns the harity Creates a social asset without CQSI to the Exchequer. The charity aims to be as socially inclusive as it ca treading a delicate line beD¥een financial security and accessibility, by offering a rdnge of charitable financial discounis. Financial support is offered io families via a bursary scheme and subsidised fees for farnilies on incomes under £45,000. It a150 off¢rs an income-based staff fees discount scheme io allract and retsin sthff. The Bursary sch¢me off¢r5 SUPPOrt to famili¢s on lower income$ and provides larger and addiiional discounts io the subsidised fee5. During the accounting period £39,469 wa5 Jwarded in fees ixw5arie5 and subsidised ftts io families on lower incomes (£48.583 in ihe previous year). This comprised £25.431 in sub5idised f¢¢5 (£31,9(KJ in the previous year) and £14,038 in bursaries (£16.683 in the previous yvar). This represents 6.73 •/• of relevant f¢e5 incorne (9.0 the previous year). A further £12,549 was given in income-based fees discounts for parents who are paid stsff m¢mb¢rs (£21,218 in the previous year)" and £59,527 in sibling discounts (£51.746 in the previous year) due to an increase in siblings joining the school and younger $iblings of existing pupils enrolling. Th¢ charity plans to further supwTrrt its bursary scheme by expanding ils regular giving scheme in the corning year. The Truslee5 will ¢ontinu¢ to monitor the level of fjnancial sUprt for frdmilies on lower incomes a5 ihe School grows, to ensure it 15 boih compliant with ihe Chariti¢s ¥nd is also sus¢ainable in tern of the overall financial posirion of the charity. The charity provided oiher public benefii during ihe year (subject to Covid regulations) including a programme of open days, visii morning% musical and dramatic perfom)ances. and Parent and T(xkll¢r Groups serving 30 local and regional families. The charity supponed ihe local comrnuniry by providing the building for public use of iis MmUnity hire facilities. During the year ihis was used by local groups incI1ng classes and training t*xlies. Th¢ School coniinued to aci as an important hub for sharing expertise and besi PTacti¢e with oth¢r UK 5¢hi)ols, teachers and student teachers interested in Steiner Waldorfeducaiion - wilh a number of ieacher visits and Shjdent placements in the Schi)ol taking place in the year. The School's knowledge and expertise in cu1¢U1uM design was sought by school leaders from rnaintained schools to support their developmeni of ihe new Curriculum for Wales. Our Upper SchiK)I Education Ci)ordinator ¢ontinu¢d to work with the Steiner Educaiion Development Trust (who manage and dev¢lop the NZCSE), to deliver training and guidance for other UK Steiner school4 to deliver the cenificate io iheir Upper Schools. Page 9
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) REPORT OF THE TRUSTEES FOR THE PERIOD ISTSEPTEMBER 2021 TO 29TH AUGUST2022 FUNDS HELD AS CUSTODIAN FOR OTHERS Dewtsits The charity maint¥ins a separdt¢ de$11 account for holding fees deposits. These reserve a child's place in ihe School and cover any costs in the event of the R¢gi5trdtion and Conlrnct between parent and Cardiff Steiner School being broken. The deposit is returnable when a child leaves the Sch¢)ol as long as a full tenn's notice has E¢en given in writing. Deposits are internally audiied ai year end to ensure ihat fvnds held in ihe account correspond¢d to those r¢wrd¢d in our aecounting system. At year end ihe charity held £27.21KJ of deposits. The Trusl¢¢s may explore the option of a c&%h investmeni policy. for ihe deposit fund& and any ftfftire increase in cash reserves generated. Professlottal *dvi5erslservites Professional adviserslservices to ihe chariry during the period were as follow5: A¢¢ountants- John$ Jones & Limiied Bankers- The Coopernii¥e Bank plc Pa)ryoll A¢countants- Dennis and Turnbull Ltd P¢n5ion Sch¢me- NEST workplace pension scheme Debt Coll¢clion- R¢dwo(xl Colle¢tion$ LAd This report ha5 pryred in accorda with th¢ special provisions of Part 15 of Companie5 Act 2(W) relating lo small companies. Approved by ihe Board of Trusle¢s on 26 May 2023 and signed on its behalf by". B A C Bowen - Trustee Chair of Trustees Cardiff Steiner Early Years Centre Ltd Registered Office-. Cardiff Steiner School Hahorn Road Wesi Llandaff North Cardiff CF14 2FL Trustf¢s' R¢5ponsibilities Statemthl The Trustees (who are also the directOTS of Cardiff Steiner Farly Years Centre LTD for the Purposes of company law) are responsible for preparing the Report of the Trustees and the finala1 sthiements in accordance with applicable law and Unired Kingdom Accounting Swidards (United Kingdom Generally Accepted Accounting Praciice). Company law requires the trustees to prepare financial statements for each firtancial year which give a true and fair view of ihe sraie of affairs of ihe Charlble Company and of the intoming resouTtes and application of resources. including Ihe income and expenditur¢ of ihe charitable company for that period. In preparing those financial statemen1& ihe trustees are required to.. ' select suitable accounting )licIeS and then apply them conSienTly. ' observe the methods and principles in ihe Charity SORP. ' make judgements and estimalcs that are reasonable and pnthL ' prepare the financial staiemenis on ihe going concern basis unless it is inappropriaie to presume that the charitable Company will continue in business. The Trnstees are responsible for keeping proper ac£ounting records which disclose with reasonable accuracy at any time the financial posiiion of ihe charitsble company and to enable them to ensure that the financial statements mPlY with the Companies Act 2006. They are also responsible for safeguarding the L45ets of the charitable company and hence for taking reasonable steps for ihe prevention and drfection of fraud and otlw irregulariiies. Page 10
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGi&fERED NUMBER: 07998357) REPORT OF THE TRusfEES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH Aucusf 2022 This report ha5 been prepared in accordance wilh the $ClaI provision5 of Pan 15 of the Cornpanies Art 2006 relating to small companies. Approv¢d by order of th¢ board of trysiees on .... Z.6105123 . and s]d on its behalf by.. B A C Bowen- Trustee Page 11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED J4UMBER: 07998357) Independ¢ot examintr's report to the irus¢¢¢s of Cardiff Steiller Egrly Years Centr¢ LTD ('th¢ CornpaTry') I report to the charity Irusl¢es on rny ¢xaminaiion of the xcounts of the Company ftir ihe period 1st Seprember 2021 to 29th August 2022. Resptsnsibilities and basis of rtport As the charity's trustees of the Company (and #Iso its directots for ihe purp)se5 of ¢omparty law) you are responsible for the preparatiffi of the aecounts in XCOTdance with the requirements of the Companie5 Act 2006 Cthe 2006 Aci,). Having satisfied myself ihat ihe acwunts of the Company are requir to be audited under Part 16 of the 2006 Aci and are eligible for independ¢nt examination. I repon in re5peci of my examination of yoUr.charis accounts as Caled oui und¢r Section 145 of ihe Charities Aci 2011 (Ihe 2011 ACO. In crying oui my examination I have followed ihe Dir¢¢lions given by the Charity Commission under Section 145(5) (b) of th¢ 2011 Acl. Independenl examiner's statemewt Since your charitys gross income exceeded £250,000 your examiner musi be a member of a listed body. I can confim Ihai l am qualified to undettske ihe examinaiion because l am a member of the Instituie of Chanered Accouniants in England and Wales. which is one of ihe listed bodies. I have eornpl¢ted my examination. I confinn thai no matters have me to my aneniion in Connection with the examination giving me cause to believe.. aecounting records were kept in respect of ihe Comwy as required by Section 386 of the 2006 Aci. or lh¢ a¢¢ounts do not accord with those records. or Ihe accounts do noi comply with ihe accounting requiremenis of Section 396 of the 2006 Aci other than any r¢quirement that the accounts give a true and fair view which ig noi a matter considered as part of an independent exarnination. or the accounts have not been Tryared im accordance with the methods and principles of the Statement of Recommended Practice for accounting and rcporting by charities (applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in ihe UK and Republic of IrelaThJ (FRS 102)). I have no concerns and have come across no other matters in connection viiih the examination to which attention should be drawn in this report in older io enable a proper understanding of the accounts to be reached. -LL Johns Jon¢5 and Lo Limited Page 12
CARDIFF STEINER EARLY YEARS CENTRE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD Isr SEPTEMBER 2021 TO 29TH AUGUST 2022 Period 1.9.21 to Year Ended 31.8.21 Total fijnds 29.8.22 Totsl funds Unrestricted nd Restricted fund Nrtes Ir4COME A.ND.ENDOWMENTS FROM Donations and legacies 1206 9,058 10,264 31,110 Charitable *e¢ivities Parent and toddler School Fees Kindergarten fees Wraparound ¢¥re Hall hire 3,886 630.170 117.637 1.173 2.974 3.886 630,170 117,637 11.173 2,974 545.526 141.094 13.342 3.420 Other fundrdising activities Other income 2224 481 2.224 481 3,070 12,202 Total 769.751 9,058 778,809 749.945 EXPENDITURE ON Charitable aetivities Pupil Expense Establishmeni expense Bursarie5 awarded Sibling discounis Administration exp¢nses Staff costs Staff discounts Goveman¢¢ Fundraising and publicity 82,664 48.994 14,038 59.527 30,356 495,171 12,549 3,612 6,006 63.202 68.044 16.683 51.746 30.360 453.019 21,218 2.801 16.076 48,994 14.038 59.527 30.356 495.171 12.549 3.612 Other 13,982 9.058 23,040 23,501 Total 766.899 9.058 775.957 746,650 NET INCOME 2.852 2.852 3.295 RECONCILIATION OF FUNDS Total funds broughi forword 263.771 20,0(K) 283.771 280.476 TOTAL FUNDS CARRIED FORWARD 266,623 20.OIX) 286.623 283,771 Th¢ not¢s fonn part of these financial statements Page 13
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) BALANCE SHEET 29TH AUGUST 2022 2022 Total funds 2021 Total fvnds Unrestricted filnd Restricted fimd NeS FIXED ASSETS Tangible ass¢ts 10 328.191 105.992 434.183 453,456 CURRENT ASSETS Debtors Cash at bank and in hand 9.665 131.820 9,665 166,800 5.238 189,357 34.980 141.485 34.980 176.465 194,595 CREDITORS Amounis falling due within one year 12 {102,766) {102,767) (125,326) NET CURRENT ASSETS 38.719 34,979 73,698 69269 TOT AL ASSETS LESS CURRENT LIABILITIES 3.910 140.971 507,881 522,725 CREDITORS Amounts falling due after more than one year ij (l(X>287) (100287) (108,925) ACCRUAiS AJ¥D DEFERRED INCOME 16 (120.971) (120,971) (130.029) iYET ASSETS 266,623 20.(KJO 286.623 283.771 FUNDS Unrestricted funds Restricted filnds 266,623 20,0(K) 263.771 20,(M)O TOTAL FUNDS 286.623 283,771 The ¢haritabl¢ rnPany is entitled to exemption from aud?1 under Seaion 477 of ihe Companies Aci 2006 for the period ended 29th August 2022. The members have not required the cornpany to obtain an audit of its financial statements for ihe period ended 2th Augusi 2022 in accordance with S¢¢iion 476 of the CIKnpanics Act 2{6. The irustees acknowledge their responsibilities frir (a) ensuring ihai (he charithble company ke¢ps ¥COWltin8 rewrds that tomply with Sections 386 and 387 of ihe Companies Aci 2006 and (b) preparing financial siatemenis which give a true and fair view of the state of affaits of ihe charitable company as ai the end of each financial year and of its surplus or deficit for each financial year in accordance with ihe requirements of Sections 394 and 395 and which otherwise cornply with the requirements of ihe Companies Act 2006 relating to financial ststements, so far as applicable to the charitsble company. Th¢ tKyies forni pan of these finan¢i41 ststements Page 14
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) BALANCE SHEET- e0nliThed 29TH AUGUST 2022 These financial ststements have been prepared in ¥c(the with the provisions applicable to charitabl¢ companies subject to the small companies regime. The financial statements were approved by the Board of TrUSS and authorised for issue %klog.13....... .. .... and were 5ign¢d on its behalf ty. on B A C Bowen- Trusiee The notes forni part of thes¢ financial statements Page 15
CARDIFF STEINER EARLY YEARS CENTRE LTD CASH FLOW STATEMENT FOR THE PERIOD ISTSEPTEMBER 2021 TO 29TH AUGUST 2022 Peri(yJ 1.9.21 Year Ended 31.8.21 29.8.22 Notes C4gh flow5 from opeT¥ting octivities Cash generated from operJtions {18,791) 57.690 cash (used in)Iprovided by operating activities (18,791) 57,690 Csh flows from inyesting #etlvities Purrhase of tangible flxed assets (3,766) (52.728) Net cash used in investing attivities (3,766) (52.728) Change Its esh and eash equivalents in the reporting period Cash ¥nd cash equivalents at the beginning of th¢ r¢portiDg p¢riod (22.557) 4,962 189,357 184.395 Cash and cash equivalents at the end of Ihe reporting period 166.8 189,357 The notes fonn part of the5¢ financial ststements Page 16
CARDIFF STEINER EARLY YEARS CEJYTRE LTD NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 RECONCILIATIOJY OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Period 1.9.21 io 29.8.22 Year Ended 31.8.21 Net ioeome for the reporting rI0 l$ p¢r the Stitment of Financial Activities) AdjustrneDt$ for: Depreciation charges Movement in cash and cash t91Valents (Increaseydecrease in debiors (Decreaseyincrease in creditors 2.852 3,295 23.040 (9.721) (4,427) (30.535) 23.501 24,509 6,385 N¢t cash (used inyprovided by oper*tio#s (18.791) 57.690 ANALYSISOFCHANGES IIY NET FUNDS Ai 1.9.21 Cash flow Ai 29.8.22 Net cash Cash ai bank and in hand 189.357 (22,557) 166,800 189.357 (22.557) 166,800 Debt Debts falling due within l ye8r tkbts falling due after l y¢or (57.630) (108,925) (57.630) (100.287) 8.638 (166,555) 8,638 (157.917) Total 22,802 (13,919) 8,883 The notes f(Km part of the5¢ financial statements Page 17
CARDIFF STEIP4ER EARLY YEARS CENTRE LTD NOTES TOTHE FIJYANCIAL STATEMENTS FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial 5ts1ements of ihe charitable company. which is a public benefit eniity under FRS 102. hav¢ b¢¢n prepared iTb accordance wih ihe Financial Rep)rting Sthndard 102. The Financial Reponing Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006 The financial siatemenis have been prepared under the hi5tori¢al wst Convention. The presentation currency is £ sterlin& INCOME All income is recognised in the Statement of Financial ActiYit?es once the chariry has eniitlement to the fvnd4 it 15 probabl¢ ihat the incom¢ will be rrf¢iv¢d and th¢ amount ¢an be Meas reliably. Grani income received for ihe purchase of fixed assets is deferred and released to the proflt and loss account to match with the depreciation of the grani purchased asseL EXPENDITURE Liabilities are recognised as expendire as soon as there is a legal or consmictive obligation committing the ¢harity lo that ¢xp¢nditur¢, it is probable that a transfer of economic benefits will be required in settlemeni and the arnount of the obligation can be rneasured reliably. Expendilure is accounted for on an accruals basis and hag been classified under headings that aggregate all rost related to the category. Where costs CaTLnoi be directly attribuied io panicular heading5 ihey have been alkKaied io a¢tivit1¢5 On 8 b&si$ consistent Wlth the use of resources. . TANCIBLE FIXED ASSETS Depreciation is provided ai ihe following annual Yales in order io write off each as1 over its e5tim*ed useful Fr¢¢hold buildings - Strdight line 4% Fixtures and fLttings- Strdight lin¢ 20% Equipment- Strdight lin¢ l(Ph TAXATION The charity is exempi from corporaiion thx on its charitsble acriviiies. FUND ACCOUNTING Unr¢slrict¢d fvnds can bE used in aCCOTdan¢e with ihe chaTitable objectives at the discretion of the trustees. Restricted funds only b¢ ys¢d for particular restricted purFw within the objects of the chartty. R¢striction5 arise when specified by the donor or when fvnds are raised for panicular r¢5trid¢d wrp05¢5. Further explanation of the nature and puw of each is included in ihe noles lo the financial statements. DONATED GOODS AND SERVICES Donated gotxls and services {includin8 volunteer time), are recognised in donation. and shown as expenditure attributed io the relevant nare of the good% or service. Page 18
CARDIFF STEINER EARLY YEARS CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS- coDIl•ed FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 DOJY ATIOJYS AND LEGACIES Period 1.9.21 Year Ended 31.8.21 29.8.22 Donations 10.264 31.110 OTHER FUiYDRAISING ACTIVATIES Period 1.9.21 to 29.8.22 Year Ended 31.8.21 Fairs Oiher events and fundraising 2,224 2,844 226 2.224 3,070 INCOME FROM CHARITABLE AcfIviTIES PeriiMI 1.921 to 29.8.22 Year Ended 31.8.21 Activity Pareni and toddler SchiK)l Fees Kindergarten fees Wrdparound Care Hall hiT¢ Parent and toddler School fees Kind¢rgart¢n ftts Wraparound car¢ Hall hire 3,886 630,170 117,637 11,173 2,974 545,526 141,094 13,342 3.420 765,840 703,563 Included in wjrestricted voluntary irKorne are donations for maTketin& mainienance and cleaning. valued #i £NIL. (2021: £11,302). Donaied markeiing service5 £NIL2021 £10.302) Donated cleaning services £NIL (2021 £NIL) Donated IT services £NIL(2021 £NIL) Donated MaInnanCe services £NIL (2021 £1.(XKI) Gift aid amounted io £NIL (2021.. £Nil). Dwing the year the Charity received restrithed donlOn$ and grants of £NIL which were sp¢nd during the year. An additional £9.058 d¢fr¢d grant inwm¢ {received 2017-18 and 2018-19) for the purchase of fixed asset& was released to the profit and loss account to match the depreciation of the grdnt purchased assets. Page 19
CARDIFFSTEINER EARLY YEARSCENTRE LTD NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE PERIOD ISTSEPTEMBER 2021 TO 29TH AUGUST 2022 CHARITABLE ACTIVITIES COSTS Direct Costs Pupil Expense Esiablishmeni expense Bursaries awarded Sibling discounts Administrdtion exp¢ngs Stsff costs Staff discounts Governance Fundraising and publicity 82,664 48,994 14,038 59,527 30.356 495,171 12,549 3.612 6,006 752,917 NET INCOMEI{EXPENDITURE) Net in¢om¢llexpenditUTe) is stated after Chargin{¢ed1tIng)'. Period 1.9.21 to 29.8.22 Year Ended 31.8.21 Depreciaiion- owned as5¢ts 23,039 23,503 TRUSTEES, REMUNERATION AJ¥D BENEFITS The trusiees did noi receive any remuneraiion for their service5 as twst¢e5 during the year. TRUSTEES. EXPENSES Trustees r¢ceiYed expenses of £0 during ihe perityj (2021 £NIL). STAFF COSTS Stsff Costs during th¢ Ye amounts to 2022 2021 Wages and salaries Social security Staff discounts Staff training and developmeni 451,373 33,450 12.549 9.906 417,112 31,079 21.217 4,828 The average monthly numbEr of ¢mployees during the period was as follows.. Period 1.9.21 to 29.8.22 26 Year Ended 31.8.21 26 All 5tsff Page 20
CARDIFF STEINER EARLY YEARS CEJ¥TRE LTD NOTES TO THE FJNANCIAL STATEMENTS- continued FOR THE PERIOD 1ST SEIryEMBER 2021 TO 29TH AUGUST 2022 STAFF COSTS- ¢onli*ued No employee received employee benefits of more than £60.1)00. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted ffijnd Restricted fvnd Total fund5 INCOME AND ENDOWMENTS FROM Donations and legacies 16.057 15,053 31,110 Charitable #ctivities Pwr¢nt and ¢oddl¢r Sch1 Fee5 Kinderganen fees Wraparound care Hall hire 545.526 141,094 13.342 3,420 545,526 141,094 13,342 3,420 Other fundrni$ing aciivitie$ Other income 3.070 12.202 3.070 12,202 Totsl 734,892 15.053 749.943 EXPENDITURE ON Ch•rit8ble activities Pupil Expense Esiablishmeni expense Bursaries awarded Sibling discounts Administration expenses Siaff costs Siaff discounts Govemance Fundraising and publicity 59,828 64.670 16,683 51.746 30.360 453.019 21.218 2.801 16.076 3,374 3,374 63,202 68,044 16,683 51,746 30,360 453,019 21,218 2,801 16.076 Other 15.196 8.305 23,501 Total 731.597 15.053 746,650 NET INCOME 3295 3295 REcof4ciLIA TION OF FUNDS Tothl funds broughi fotward 260,476 20,000 280,476 TOTAL FUNDS CARRIED FORWARD 263.771 20,0(K) 283.771 Pag¢21
CARDIFF STEINER EARLY YEARS CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE PERIOD ISTSEPTEMBER 2021 TO 29TH AUGUST 2022 io. TANGIBLE FIXED ASSETS Fixtures and fittings Frvhold pro Computer equipmeni Toials COST Ai 1st Sepiemttr 2021 Addiiions 517.198 50.097 3,766 5,864 573,159 3.766 Ai 29th August 2022 517,198 53,863 5.864 576.925 DEPRECIATION At I st September 2021 Charg¢ for year 87.225 14.558 29.630 8.028 2,848 453 119,703 23.039 At 29th August 2022 101.783 37.658 3.301 142.742 NET BK VALUE At 2h August 2022 415,415 16,205 2,563 434.183 At 3 Isi Augusi 2021 429.973 20,467 3,016 453.456 Freehold Prop¢rty The fre¢hold prop¢rty is in the opinion of the direciors (trusttts) a general assel of the company and is th¢r¢for¢ included in general fvnd5. This trcdtment follows the direciors. opinion ihai the amount of re51ricted funds spent on refurbishment cannot be di51inguished from the resi of ihe school propetTy which is a part of the general fijnd The freehold property includes additions this period from restricted fund of £0 12021.. £32,981) for bulld1nrefurbIShMent Servic and related costs. Fixture5 and Fitting5 Fixtures and fittings includes addition5 thi5 wi(Ml from Testricted fund of £3,766 (2021 '. £11.165). All Ihe asseis were used for direa charitsble PUTPOSeS. DEBTORS: AMOUNTS FALL114G DUE WITHIN ONE YEAR 2022 2021 Trade debtc Prepayments 8.915 750 5238 9.665 5338 Page 22
CARDIFF STEINER EARLY YEARS CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Oiher loans (see note 14) Payments on account Trade crediiors Oth¢r credito Acerued expenses 57,630 28218 739 12,161 4,019 57,630 29,300 31,558 1.390 5.448 102,767 125,326 13. CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 2022 2021 her kAns (see note 14) 100.287 108.925 14. LOANS An analysis of the maturity of loans is given b¢low= 2022 2021 Amounts falling due within one year on demaTrJ: Other loans 57,630 57,630 Amounts falling between one and ttyo years: Other loans- 1-2 years 30,520 30,520 Amounts falling due in more than five Ye5. Repayable by instslments.. Other loans more 5yTS instal 69,767 78.405 15. SECURED DEBTS The following secured debts are included wiihin creditors: 2022 2021 Oiher loans 157.917 166.555 The wrnpany h&% granied a charge on its assets to secure other loans of £158255-1£2021': £166,556)-. Page 23
CARDIFF STEINER EARLY YEARS CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS- co(1ed FOR THE PERIOD 1ST SEPTEMBER 2021 TO 29TH AUGUST 2022 16. ACCRUALS AND DEFERRED INCOME 2022 2021 Deferred grants 120.971 130,029 17. MOVEMENT IN FUNDS Durhng the year the value of TeStried fi]n¢l% utilised in the impTov¢rnent or purthases tsf assets amount¢d io £3,766 (2021.. £44.146). RELATED PARTY DISCLOSURES There were no relaied party tran5aaions for ihe period ended 29th Augusr 2022. 19. MEMBERS Th¢ company has no share capital arvj is limited by guarantee. The amount of the guarantee is £2. 20. MANAGEMENT AND ADMINisfRATION OF THE CHARITY Included in governa¢ ¢xpen5¢5 in5peciion fee5 of £2.820 (2021 £2,748) 21. FUNDRAISING AND PUBLICITY AcfiviTIES Fundraising and publicity costs (included in chan.thle expenses) for the year amounted io 2022 2021 Unrestricted 16,076 Page 24