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
P*ge
Re￿rt of tbe TTh5tee5
Indeptndent ExamiTrer's Report
12
Ststemewjt of Finaneial Activilies
13
BAlaDce Sheet
14 10 15
C￿h Flow Statement
16
Notes to the Cash Flow St*temeTrt
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. re*lKlion 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 {co￿p1ed February 2019. raiified Aug 2019, re<l¢ction Jun 2022)
Dr H D Evans apwTrinted Aug 2020 (Cl￿0pled 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 T￿￿tee5 or nOMin￿ed and elecied by the ¢harityS membeTS at the Annual
General Meeting. Th¢ Board of T￿Ste¢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."
S*nifieant 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 be￿r)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 help￿j 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•COr￿cCt10n 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 COn￿e￿I0￿ arwj contribution to their
childlren's leaming environment.
These activilies show ihe strong commitmeni of parents and s￿ff 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 Tn￿le¢S wish to pla¢¢ on r¢cord
their appreciation of the commiknent and dediC￿lon 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¢ Ch￿tsb1e 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& a￿1 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 5￿ff 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 ap￿Inted 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-b￿d programme
r￿Qm￿ended 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 Edu￿tiOn 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 attr￿t 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 cOntrib￿lon 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.
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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 su￿essive 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(1￿7VIty 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 faMil￿S 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 iM￿led 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 fi￿ber
consolidaie our delivery of the NZCSE.
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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 ￿0￿P 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 le￿1 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 reS￿nSIble for pedagogical governance - for mallers that dire¢ily r¢lat¢ to
Ihe classroom and the teaching of th¢ children, includiRg 1*dag0￿, 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, admission￿enTOIrnen¢ fa¢iliti¢s ond fundrd1sin￿deve1opment.
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 Coll￿tion
The School Bu5ine55 Manager rewts directly to the Tn￿ee* WI￿ aye responsible for ihe finarKial oversight of the
charity, with all tru5te￿ playing an KtiV¢ Tok in this.
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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 ]d￿tify and r¢vi¢w the risks to whi¢h th¢ charity is ex￿sed 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 ¢stsb1i5￿d 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 care￿1 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<Jol carrked out £14.347 of building maintenance and
renewals in the year (£27,263 in the previous year) including preparation of the new Class I classroom and mov¢s of
other classrooms in A￿Um￿ rerni. a full refvrbishmeni of ihe main School toilets following feedback from pupils. an
upgrade of the fire alami and emergency and nonvemergency lighiing systems. and replacemenr of ele¢rrical circuit
boards which improved electrical loading and will reduce the wsts of ele¢triul inspections in firture y¢us.
The School invesied £1 1,772 in fixiures and equipment during the year, £3,766 of whith was from grant5 receiv¢d in
2018-19 and held for this purpose. This included specialist craft thbles for ihe HandworklArt Room, musical
iftstrumeni4 land surveying equipmeni. improved storage and shelving in the Woodworkljewellery Cabin, classroom
equiprneni for the new Class I, ar]d new desks and chaiTS for the Class 718 classroom.
The al%>ve grants from previous years weTe received from a partnership of UK and European grani giving organisaiion5
supportive of Steiner education for improvements to the building and equipment in ihe development of the Upper
School. £ 124,735 had been spent in total to 31 August 2022. The balance of these 8Tanis conrinued 10 ￿ held as
restricted fund5 of £14,979 until cornpletion of the works. The Trustees record iheir (hanks and appreciation to the twst5
and other donors for their g¢nerou5 h¢lp and supw)rt throughoul the year.
The asset value of th¢ building is calculated on the purthase cost plus the invesrmeni we have made inio the buildin&
minus depreciation. The a￿tI vklue of the property ai the end of the accounting period was £415.414 (down fmm
£429,972 the previous year due to depreciation) with liabilities of £157,917 (down from £166,556 the previous year) to
the H¢rn1¢5 Trust for the mortgage {total at year end £107,917) and Cardiff Council {£50,000) for delayed purchase
pa)rynenis. Tothl fixed ass¢ts were £434.184 (£453.456 the previous year).
The ¢hwiEy 15 in discu5510D with the local authority to agree staged payment dates of the delayed £50,000 building
purchase payments. all of which wi be met fornj the School's reserves.
Credit Control
The accounis show debis of £9.665 of school fees and hall hire fees at year end approxirnat¢ly half frorn CUTr¢nt families
and half hisioric debi from families who have left ihe School. All of this debr ha5 either been subsequently recovered, as
of May 2023. or is in recovery on a￿Ced paymeni plans either direct with the khool or with our appoint¢d d¢bt
colleciion providers. The charity instrucis a de￿ colleciioD service io rackk historical d¢bL and u5¢ their s¢rvi¢¢s on an
ongoing basis io recover any new debi arising due io fees in lieu of notice.
The financial siaiemenis have made provision for £20.150 of de￿ accrued by a very small number of Curreni famili¢s
during the year whose ability io pay in ihe immediate ierni was affected by the pandwnic and 5ub5equent economie
downturn. All families have a paymeni plan in place io repay the debL and have been maintaining their curr¢nt and
ongoing fees payments in the current year (2022-23) wilh regular 3 monthly reviews. However rhe Trusiee5 have taken a
cautious approach by factoring this in io the fina￿la1 stsiements. given the ongoing economic climate. Without this
provision the s￿lUS would be £23.IKI2.
The School continue5 to act responsively to maintain ihe financial security of the School through working Closely Wbth
par¢nls to rnanag¢ th¢ir f¢es p#ym¢nls in a timely manner. The charity recover fees arrears from current famili¢s, by
monitoring and nolifitation of arrear5 durin8 the yeaT, and by robust year end action. including a series of year end
reminders. io prompt th¢ fjnal Augusi I￿nthlY fees payTr¢nt by year end on 31 Augu￿.
B¥rsarylChariiable Benefils
The charity's Trustees have had regard to ihe Charity Commission's guidance on public ixn¢fit and carried out
significant adiviti¢$ undertaken io fvrther its charitable purp)ses for ihe public benefi(.
Page 8

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¢$. W¢ re¢¢ive tax
exemption on our educational activities (and on any invesknent incomt and gains) provided these are applied for our
charilable aims. As a charity we are also entiiled io an 80% r¢du¢tion on our business rdtes on the property we occupy
for our charitable purposes. The financial benefits we receive from ihese tsx exempttons ue #ll applied for ¢ducational
purposes and indirectly help us to mainiain our bursary and wbsidised fees schemes for families on lower inroTnes.
However, as an educational charity, we ￿ unable to r￿laIM VAT input tax on our costs as we a￿ exempt for VAT
purposes. We also pay thx as an employer through the national insurdnrx contributions we rnake.
In additional to ihe very substsniial benefiis our School brings io our pupils. Ihe local cornrnunity and socÈety through
the educaiion we offer, our bursary and subsided fees progrnnme, outteach and public evenrs progrdmrn¢. provision of
fa¢iliti¢s for public u5¢ and our PQSLtion as an important hub for infonnation exchange and be￿ practice, mejns the
harity Creates a social asset without CQSI to the Exchequer. The charity aims to be as socially inclusive as it ca
treading a delicate line beD¥een financial security and accessibility, by offering a rdnge of charitable financial discounis.
Financial support is offered io families via a bursary scheme and subsidised fees for farnilies on incomes under £45,000.
It a150 off¢rs an income-based staff fees discount scheme io allract and retsin sthff. The Bursary sch¢me off¢r5 SUPPOrt
to famili¢s on lower income$ 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 sUp￿rt 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 incI￿1ng 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 cu￿1¢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
Ha￿horn 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 fina￿la1 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 Charl￿ble 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 conSi￿enTly.
' 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.chari￿s accounts as Ca￿led
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
N￿eS
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- e0nliTh￿ed
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 TrUS￿S 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
C*sh 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 e*sh 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 St*itment of Financial
Activities)
AdjustrneDt$ for:
Depreciation charges
Movement in cash and cash t9￿1Valents
(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 expendi￿re 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 as￿1 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 na￿re 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 MaIn￿nanCe services £NIL (2021 £1.(XKI)
Gift aid amounted io £NIL (2021.. £Nil).
Dwing the year the Charity received restrithed don￿lOn$ 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
Sch￿1 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 B￿K VALUE
At 2￿h 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
bulld1n￿refurbIShMent 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 A￿ER 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 Ye￿5.
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￿(1￿￿ed
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 TeStri￿ed 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