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2023-08-31-accounts

R￿IsTEREDCoMPANy NUhl8ER: •79YW (Egl#dhd RECISTEREDCHARITY NUMBER.. I1￿￿61 Report•fithtTrvrfc¢5•d fmikt YArEttded 29th A•yst202J CARDIFFsfEINER EARLYYKAli%CFlffltE LTD 111111111 •A045JSK 2m024 COMPANIES HIXJSE A11

cARDIFF￿£•NgR EARLY YURSCENTRE LTD FOR THE YL4A ENDED 29THAUGusf2 ReportofltheTv¥5MU 10 Ststrm¢ll¢ofFiDawiil A¢livilJ" 12 Csk FlowStsterne•t 13 Note5 io Ih¢C*5h FknStsl¢rn¢•t 14

CARDIFF sfEiNKR EARLY LTDOIEGISTERED14UMBER: RepNI of thtTn VOR THÉ VFAR ENDED 29TH AUGUST 2•2J TheTrustees of the charity are also Diffctors of the Company for the PWF)S¢5 of c(¥14yany law. TrJste¢s who served during the year and their dates ofapwintment were as follows.. Ms B A Bowen- Chairper50n apryTrint)J Od 2020 (ap￿In1￿ March 2012, re-¢]￿10n Juty 2015. May 2018, (kt 2020) Dr K W Attfield aptM)inted Jun 2022 (arpiinted Juty 2014. Tt<1eL%1￿ Jul 2016. Aug 2019. Jun 2022) Dr H D Evans appointed Aug 2020 (c¢Fopted Aug 2020, rntified (kl 2020, re-e1￿110rt Aug 20￿) Mr M A Flynn aptk)in¢ed Jwi 2022 (cmpta February 2019. Mified Au8 2019. rc-eltttbon Jun 2022) Mr R Knight appointed Feb 2022 (CO￿Pted Feb 2022. ratified Jun 2022) Ms F WhI￿ld¢ appoirte4J Apr 2020 (C￿0￿¢d Aw 2020. ratifi￿ (Xx 2020. re-eleetwn Au82023) TNstees May be apTX)inted by eXiSli118 TTU5tees ￿ nominated artd eleC￿d by the ¢lwty's membets at Annual General Merfin& The Board of Truste￿ evatuate the current balance of 5kn114 knoWI￿ge and expeller￿ on the Board in s¢¢king to recruit any Trustee roles. Tnstee5 are interviewed and induthj in their role by ex1￿1ng trustees. and are provided wth a statcrnent of Tesponsibilities. iThJucil(￿ pack and infornii¢)n on key polici4 pr￿￿WE$ ond governing doomients. Tn]ste¢s urklertake trdininu as r4uired. both S￿¢]fiC to ind1Ytrdu￿ rol¢4 (Yto Bcord as a whol owEcrivES AND ACTIVITILS Obio¢tivesof the ¢harity "To advance the education of children atrhl young people and SUPSK)n faTnilies and iTrJividuls in accordance with the educational principles of R￿J0]f &einer." The charity's mission s4temurt i& 'We wovide an in5pirin8 arwj nwtwing ¢d￿￿tIOn on the Principles of Rudolf Steiner that respects each Childs indiwdual developm¢nL We wve the city of Cardiff and surnmthding are4 and welcome children and families from all eultwal and religious bad¢gmuthds. We seek ￿ fully iniera¢t with the wder community through projects and events. We offu a comwehe]Lsive chih4<entrtsl ed￿atIOn through parent and ehild gTOUPS, kindergartens and a vibrant sd￿￿1 offering a living Steiner OJWTioJlum. Evuything we undertake we strive to do ¢thically. <￿￿ClouS1Y and with integrity." Si¢nifirxwt Klivllity The school successfully complcted its eleventh year of ￿, and ow third yeaT sin<g off¢ring a fitll Steinei Waldorf education from age 3 10 18 - one of only nine SteitKr SchrKJls in the UK kn do $0. 2022-23 wa5 the fifth year of the hool offerirhg the New Zealand Certificate of Sin¢T Educion (NZCSE}. with our s￿d Upper School Class ¢omplding the L¢vel 2 ql￿lf10I0n. The charity wekomes inefits fmm the wo1￿￿ intrtrt of its • Staff aNI suprn rn￿Y volunlary hours cOntrib￿red. Parents, and often their thild5 extelld￿ fgrnily. aft directly involvd in the school's work. undertaking volunteer Toles including ruming community events, ¢ultivating and developing the sd)ool's ground& supp)rting pwJi1s' learning in the schwl and on trips in ￿ldItion to org￿1$1ng and participating in fundraising events. The financial ststemerts do rKrt include a Val￿tiOn for these as they Cant￿ be measur￿1 reliably and wtyjld not noTrnally be provided as part of the volunteers. trad4 tTrxw8h an outlir of par￿tal involvement 15 includ￿1 in the review of Ktivities below. These ac4ivi¢tes $l￿W the strong committn￿t of PaT￿ts and 5tsff to their Child￿.5 ￿￿￿tion and th¢ir supw)rt in h¢lping the sch￿[ to 8TOW and develop. The sdKY)I hès a very strong (%￿M￿lty, with a shar&J utKleT5tanding of the charity's aims and ethos, whi¢h h&$ a positive impact on the education it deliver5. The Trustees wish to pla¢¢ on rttord theirapprwiation of the commitrrnt 8T￿ ddication skn try our skaff. and frie￿j5 for this suprAxL

CARDIFFSTEINER EARLY YEAILSCEPmiE LTDrnEcJsfÉRED 1￿mEER. 079WS RtPDrtoftht FOR THÉ YÉ4R ENO£D2yntAUGusr ACHIEVEMENT AND PERFORMANCE Reviwwof B¢ti¥jiies This year marked the cleventh anniversary of Cardiff Siner Early Yews cn￿ L￿. a charity estsblrshed in 2012 to Continue th¢ mission of the previ(XLS Cardiff Si¢iner EaJly YtaT5 Centre Ch8riuble Tn& and bu1￿ on 15 ye8rs of SLtCc￿[ul Kindergarten opyraiions. Initially offering classe5 for djildren agoj 6 to 10. we have sirte exp&nded signifi¢anily and now provide a rich. SteirKr WaldLrfedu¢ation for children a8ed 3 to 18. The school is accTedite41 aNI licens￿ io offer the New Zealand C¢rtificat¢ of SttineT Education (NZCSE) a5 our Upper Schwl qualification. from knel I to Level 3 (age5 16 to 18). The NZCSE is the first $#On(￿ sthool qualification fully based on the Sieiner Curriculum. This intemationally wised and inrKwative quaJifiL¥tion enable5 ts) confidently progr￿ to fvrthtt and higher edLKation. This year, w¢ ¢¢lelyat¢d crt￿1￿8 S¢hty)I results - with our se¢4)thJ ¢olh)rt compkiing their Level 2 gU￿lfi￿tiQn. Seven 5bJdents eamed distincti(x4 one w&s highly c{Xnm￿￿( and another achiev￿1 a pass. Bein8 part of a pioneering xhth)l approxhes oJu<•ti(M) differently frnm many [￿S is a courngethts endeavour. The TTUStees commend every pupil. their supportive famili4 aTrJ our excellent teaching team. In this yw th¢ scknl also ¢xpandol the Cwriculum. New Fmrt-time and visiting achets in Maths Jewellery Makin Ecology. Biology. and Botany, bn)u8ht fresh FrspxtÈves and eX[￿ded eltttive choice5 for our students. Developments in the Careers curriculum saw Middle ar￿ Upptr u1th￿e & self-assessment of skills. aptitude& intertsts and valLte4 and discLtsS qualities that Iinivetsities and employees value. (hLr new "LcKJkin8 Forward" staker swies brought a variety of inspiring professionals iTKluding a Mari1￿ Biologi5L an IT company founder, a BAFfA Cymru docwn¢ntary filmmak¢r, a Mai¢a] Clini¢ian, a CYt￿S￿￿1ty STEM ambwth, aftd a Welsh-lraqi rmxt and film-maker wl)o is also the Nationa] P¢￿ of Wales. These $￿akets provide4J studeots with real-world insights into diverse career p8th5, 8nd the variety of g￿] rn15tsk￿ lucky chaTKes aThl sheer drive that got thern there. Ar)other great S￿¢£9$ during thi5 yeai (rtir new. wh)ltr%hool "itaming ftsr Life. progrnmtne, whrth sus￿nd￿ the norn￿] iimetable for two weeks to focLLS on Styde￿ well￿1n& relationship& and pe￿onal ¢kveloprnent through immeT5iV< mixed-age grciip &tivilies. These exFtiientia] leming weeks gave wils the chance ￿ go dew in le￿ning by doing. Engaging with parents and building ¢ommunity remwtLS an impKthI part of the Stein¢r Waldorf ethos. W¢ continued our wst-covid efforts to reinvi8ofdte parent involvemenL aTwJ the results were f￿ltrU￿. A committed grwp of Parent Representatives wer pivotsl in foyering &)gagemerf within ow s¢}K￿l ¢ommwity, organising maint¢nan¢e days, ndraising initiative& aTKI first Christmas and Summer Fair5 in three y£gr5. The Garden and Maintenancc Steering Group held monthly Garden Workdays and began ¢0 develop s¢yne of the softer landsc4ing a8pects of e￿orthl1¢¢I Christopher lTrdy's, original 8ardrn desi￿ Christoph¥ Day MBE w&s a renowned Welsh ecfrarchitect who lead volunteas to iwild two SteÈner sd￿01% inclwJiTE Nant-y£wm Steiner school in West Wajes. W¢ wer¢ fo￿nate that Christoph¢r, who di￿ in 2019, had visitd schcKJl to tslk about bringing more Steiner inspired elements into our $th￿l and grounds. $0 it wa5 wonderful to 5Ct 5cThe of this taking sllape. Pawents were involved in the 'Looking Fotmwd, Careers talks tharing some fwfftating career joutmeys with sttk4ents. Work is on80ing bthveen the sch￿1 and Parent Reps to solidify parther5hip wowking arKI help develop and embed thE Rep rok Thcse artivitTrE5 provid￿ tangible pare4)t o)nnKri¢)ns and ¢ontribuiiorns ￿ their ¢hilWren's l¢aming environmu Creativity extended throughLyJt ihe ¢urTi¢ulum. In Middle sch￿1. Stt¥knts began to explort p)tiuy and ¢¢ramiu, while LKwer Schrxjl intrrwJu¢&J specially Drama lessor4 and varioLLS classes participated in Frfomiances and projects. Plays and perfomiances across all t1￿ levels f05tered students, skills and uThkrstaT¥Jing in music. linguistics. visual arts. and dramatic arns. These aaiviiies also ￿ed as a training for dynamics and scKial tnCl￿i¢y4 emtrfy4ying the deeply integrated approach that is CharaCteri￿1C of Steiner education. Notable prodwtion5 included Cl855 9110's prOdu￿10n of George Bemwd Shaws 'Pywa]ion,' Ty Haul's drama adap￿1(￿ 'Lt tKKJks Like Rain. b￿d on Noah's Ark. Class 718's rendition of'Alice in WondedaThJ.' and Cl￿5 11112's art and craft exhibition and Music perfOrman￿S. ATKI the leaming ext•Kkd beyond our s¢bool walls. Uw SthcA)I enjoyed an Art History trip to B￿lIn, Cl 516 paTticipated in the National Stell￿r Olyrnpics and cl￿ 718 & 911(Vs Danger and Resilitnct xtivity weeks saw S￿dents pushed out of their comf<rt zone. working in different ways as a ieam and firNJing new stren within themselv￿. CI&s5 911 ￿S Human Physiology Project P￿se[￿atIOnS and 7￿,5 Afri￿￿ Countries Project PTesenlation% highlighknl the indepen&TK inttiative aThJ reSpo￿lbIllty of our swdents. Curriculum and Stsff Developnents on key SchrKJl ImprOva￿ iaigets".

CARDIFFSTEANER EARLY YEIJLSCENfRE LTD(REcssfERED 14UMBER: 079Y8JS R¢pwl•ftht T¥¥A¢t5 FOR ThEYUR ENDED 29TH AUGUST2•23 Assessment for Leaming tmprovemen¢s.' iA)w¢r SchcA)l intrrdu¢¢d 2 new Assessment and FeedE8¢k Poli¢y, fwusing on pew and self-&ssessmen¢ and developed use of the -Art of Tea¢hin8" curriculum and lesson plannirtg appIl￿tiOn. This fi)cused on developing teacher use lesson evajuation. cap￿ring mtaningfijl aSsesSn￿ observations that infomi fvtyre planntng and help stuthnts prog￿. Kindeoath new planning and assessment paperwoTL ¢nhancing trnchmaTkinE across UK Sterner Sch￿￿ Lowtt S¢knl Teacher5 Iwlicip￿I in the twtryear -M8tk for tm¢" Projec¢ an initiative of the Steiner Waldorf SchiK>ls Fellowship ￿￿d(rf UK). ￿]Ch aims ¢0 motiv￿¢ pupils to think like Mathem81i¢ians. ing nwneracy skills to solve problems aThJ frame and expl(xe conjtttures. tA>wer Sch￿1 to embed their -sounds Write. ph)nics training in the y4)unger classe5. b£￿ting Iitw skills. Kindergarten staff enhanced their kTK)wledg¢ of Addiiional L￿ming Needs (ALN) yialised trdinkng helping thern meet the i)viÈvidual needs of ¢hildr¢n. Safeguarding and Wtlfdre.. Our Safegwdin& Welfare, and ALN team {SWAI) swce5sfiJlly lead a ran8e of whole-sthool initiatives, including irKrwing opp￿tUnitieS for pupil voice. plotting the rKw PSEIRSE cufficulum ¢￿Je for Wales again￿ the sch(M)l DJrrioJlum. and pmviding targd>X fa¢ulty-base4 in-house saf¢guarding tsaining. Our Internati(￿al cornmunity also blossoTned. In this year. the sdKd continued to attract i￿TeaSing numbth3 of families moving to Cardiff temp)rnrily or pernlanenily fmm (Aher rArts of the UK and overs￿. The schoDI h&$ a diverse. intemational faculty and stu<knt community a￿1 we proudly see our5elve5 as an intemational. Welsh Sch￿1. This diversity enriches ow schwl ¢ulturt and community, and we celebrnte this dwing the year with a range of ftstiva15 that r¢fie¢t our students. and families. backgrounds. Partrtship woting made a positive contributi(rt) to provision for rAyil4 and to a wide ran8e of valuable development opportunitie5 for staff. As an Accredited Provi¢kr of the NZCSE. the Sthty)l rteives trdininE for teachers in QMS Pr￿c5st5 and quality assuTvJ as5￿ment pr¥ti¢es from SEDT, who licer￿e the NZCSE. Following the School's S￿￿fill introduclion and delivery of The Re41ty Useful Math5, pwgramrne Level l thE PTtvious year. SEDT a5krd the schwl to look at the dev¢lopm¢nt of a cornpuative Level 2 rKogrdmme. The Really Useful Maths. progfdmrne is for Students who rnay Stru88le wth the m¢Jre tsaditional. abstract mathernatic￿ pyogramme. The sch￿[ also benefi￿ fmm SiVPOTtive p3th¢rships with other UK stein￿ Schwls offerin8 the NZCSE. IT￿11mlIn8 sharin8 resources and rn(Mleration exrrtrtiS4 and its partnership wwth the &einer WaldorfScl¥Jols Fellowship (Waldorf UK). Th¢.TnLS¢S are sratefvl for another year of growth and achievemenL We would like tts extend heartfelt thanks t the entire sch(K)I commwiity. The suppwi and g(M)dwill of parents. r¢silience and Mgagemgll of our pupils, and th¢ dedication of our faculty and staff have enabled the School to continue to provide a truly distinaive education that is vibran¢ meaningful. and tailored to the neeth of child aThJ Y(￿ng ￿Sort.

CARDIFFSTEINER £ARLY YIAILSCEfffRE LTD (RECW£RED NUMBEIL. •799835T) FOR YFAR ENDEDJTH A￿lJ$[lI23 FJNANCIAL REVIiW Revlvw of fiTraTr¢t5 These ajr th¢ for Cardiff Steiner Early Years L]rnit￿ ((SEYC) from I Sepmber 2022 to 31 August 2023. celer￿ The main finan¢ial aim of the ¢h•rity is to ts)sure the CO￿ running of the sdK)ol are met by core irKome 50urce5 in orderto supw)rtthe charitable aims. Th¢se core irKome sources are ftts0Tr4 a small rentsi incthne from hirt SP8Ctt. The Ststem¢nt of Financial Artiviti￿ ftjr th¢ ye¥ shows a swplu5 of £23.037 (£2,852 in the p￿VIouS year) unr¢stri¢t&J for incoming and ex￿nded re￿￿J[ce5. This is the tenth 5w£e55ive yt4r olsurplu& and the Tr￿tee5 consider this a 8(MMI achievement for the ¢harity in its eleventh year of opxrntion ovei a susthined pviod of growth and expansion, and in a climate of ongtiin& FKist-paTrknic economic challcn8e. As a small sclKAIl d￿liCa￿d to swial incI￿1Vity the charity ￿tlY many finances ￿ me a sm811 swplus sufficient to rnaintain an aprK(yriate reserves fund. This mearn4 that the school is sensitive to the Current type of glob81 eo)rtomi¢ challenge. Th¢ sdK)I CotitinU￿ io ¥t rtSk)￿8lV¢Ey io maintain its finaT>¢ial security through carefvl moniloring and review of outgoing% and working (1￿ClY wtth parEnts to rnanagc their ftc5 payments and provide paym¢ni opiions whue a family's ability to pay in the immrAi t¢m) w&$ affrth4. Financially the school's key d￿le￿￿¢S this ye were absorbing the of lower KI￿JeT￿arten numb•x ¥thi¢h were impacÈ&4 by Covid-19 and its aftumath, T￿ning familits in a difficult economic climat4 and mana8in8 incre&sin8 costs of ovetheads due to inflaticffi. The red￿tIOn in admissi(￿5 to KTrndergarten was anticipated dLte to the'covid gap, _ the inability to recruit pupils into Kindergarten and Parent and Toddler gr￿p$ dwing lo¢kdowns from Ma￿h 2￿20 10 July 2021, and was budgeted for accordingly. As the key feed-in route to Kindergarten the imrAd of this will take until July 2024 to'grow out, whe the O-l year olds who joined Toddler groups after rt0￿￿￿1￿g in Jw)e 2021 lum 3. Addition￿ factors i￿1￿￿e parents, ongoing ability to work from home while their thildren are Y￿n8 rather than enrol them in s&tin85' and financial pr¢sgwE in th¢ c￿n0M]C climate. The school continued rolML4t action to address Tnany of these COTrtrl￿ti￿g ftOTS &s possible. The rrstructhring of Parent & Toddler groups has been very $uccessfvl with tKth groups at fvll capa¢iry with a healthy wailing list Th¢ pre-booked fonnat is a 8(KM4 lo i[Kre￿ the convcrsion rate frorn Parent & TLwJdler to Kin¢krgarten as it enables a ¢ohesive social gr￿p of rn￿¢ commit￿ attenders. The ￿111￿ of an Assistant for th¢ groups had a positiv¢ imp8ci enablin8 lo introduce crdft. thematic acliviiies and inf0m￿tion alx)ut the principles of our Early Ye5 ducation. The school also contiAued ￿lati(￿ship building activities wÈth Tcthler Group familie& including regJlar commwii¢ations and invitstions to 5eawnal Kindergarten Festivals. ltind•n ￿lmissiOnS remained COTSiSteni throughout the year. Tl)ugh the Financial Statements sknw a dr(y in knnthrgat1en inc4)me compar&4 to the previous year, 2021.22 includes income for I l older ￿nd￿garten childrcn. who had joÉned knndugarttn pre"pandemic. who r￿ained in Kindergarten for th¢ Autumn 2021 iemi. Tr fvii finon¢ial imw of the 'Covid gap on Kindergwn incom¢ was ther¢for¢ noi f¢lt until the 2022-23 school ye4r. AdMisSi(X￿ into the Tnain sch￿1 remained strong and Tniti8ated the financial itnpa¢t of thi Overheads were reviewed and ex￿￿lItUre carefully managed Fo(NJ and services CO￿ (Insuran￿ trainin& software etc.) saw particularly high wice i]Kreases and these war negotta￿l wbere possible. thility co4s remain fix￿ until 2025. Total assets stsnd at £636.975 (£610.648 th¢ previ(￿ year) comwisin8 £427.075 in fix￿ assds (£434.183 th¢ previous year) and £209.900 in cash at bank and in hand debt owed to the clwity (£176.465 the previous year). the fixed asset reduction is due to <*iaticAI. Amounts falling du¢ within l ye4r are £l24.843 (£102,767 ihe previoLh$ yearl an increase due partly to payments on accowit of familie5 who paid for the forth¢cKning term shortly before year start. After omounts falling due aft¢r more thon on¢ year and deferr￿fj grnnt incom& the iotsl fvnds of th¢ ¢harity. are £309,6fA) {£289.660 U[￿cted and £20.(KM) re4ricted) up from £286.623 the prnious year. FufuRE PLANS The aims and key objeaives for d¢v¢lcyment at the end of the Fer]￿ Irt1￿je to ensure the ongoing finan¢ial health of the school durin8 the Current e¢(￿￿MiC clirnate" to further improve the learning env1￿ment wth additional leaTnbng Sk1￿ in the S￿nd Stsge of our building development prOgran￿ and outdoor Space development. to expand Pareni & TcAdler provision ¢0 inuea8¢ ft•j-thrC￿ to thE and to fvrther ¢tywlidate ourdelivery of the NZCSE.

CARDIFF STEINER EARLY YEAILSCENfRE LTDOIEcisfERED NUMJER.. •7998Jsn Rtpwl•fthtTrwttt5 FOR THE YEAR ENDED 29Th AUGUST 202J srRucfuR&COV£RNANCE AND MANAGEMENT GoVtrnithgd(￿1￿tTrl The ¢harity 15 co￿l011¢d by its govemÈng d￿uMen¢ a memornThJum and articles of association, and con51itutes a limii comrny. limitrd by guar￿t a5 defined by Com[￿nieS AL2¢￿. Organisatio￿t struct#re Cardiff Sieiner Sch￿1 is a 5￿f-￿MlniS￿rQl. collalxTrtivety lcd IT&lti￿oTr. Its leadtthLP 15 divid￿ acr055 thTre groups, each respo￿]ble for a $￿ifiC reajm of decision making - the College of T¢a¢hers. th¢ Board of Tru5t¢es and AdmInistr￿10n - with the Sch￿] Managunenc Team man%irB the ongoing yrations and development of the sclM)ol. Thi5 approach refflects the holistic natywe of Steiner educatioJ¥ and while athninistraiively more complex, allows for greater communal reSp￿￿1b11Jty. Fxh group Strives for tlwhtfijl I￿l￿dence, upholds its work. Tecognises where resp)n5ibilitie5 overlap. UTthT5tands when an issue falls to an(rther gn)uB and wo￿9 with the other group5 with honesty a￿d intrgrity. The Boxrd of Tru$t¢eJ . are re5fAThSible for overall governance and re$￿T￿lbilIty for the I￿ 8￿d-sIl￿J1ng and financial well-being of s¢hc)l ensure the ¢h¥ity fvlfils its charitsbl¢ Obj"￿1Ve$. The College - th¢ sch¢y)I d(x5 have a head teacher. but Èrtste4d teachets sh￿e reSTK)nsibilities and work ￿gether in a fKJn.hieraTchic41 'eollegiatd. The College #re resp)nsible for pthgwral govemaJKe - foT mattws dIr￿lY rela to the elassr(x)m and the teaching of the children, iTKluding pedago8y. curriculum devel(ymenL &sse5srnent and the merrtorin8 and evaluation of teac1￿. Administration - is made up of the SchiM)l Adminis#rative MaTW and SclMx)l By5ine55 Manager. Administration have resFonsibility for financWbugints￿ath￿IniStrallve 0[r￿10n% regularory compliance, managing ￿nt2¢t with Outsid¢ individua]$ 2nd agencie4 marketin& Lxxnrnunic4tion4 admissio1￿c￿r01MeT)l facblitie5 and fimdrdisinyJdevelopmenL The Sch•ol Managem¢Nt T¢4ffl (SKD manag¢s th¢ ongoing otffiEiOr￿ of the s¢hcKJl - coordinatin& rnonittjring and reviewing the implernentation of the Schujl Devel(ynent and IMprovem￿ts Plarns and the activities of the various $￿erts of tht sdjool. Responsibility for nb)nityring artd ¢vaIL￿1n8 the eff￿1Ven￿$S of the ov¢rall School Improvement Plan is the responsibility of the Board of Tr￿tffj working with the School Management Tem to ensurt the sclK)ol delivers an inclusive and g ood quality of ethi¢ation in line with its charitable aims. Other ¢ross-group mandated cornmitite5 and t&sk group5 have responsibility for specific xtivitie5 of thE sthool. Each of these operates as a mandated or delegata group th¢ diwicffi of orR of abow¢-mentiona bodies. Tht School Business Manager 15 delegated by the Tn￿ to develop 8ThJ mana8e finaTKial P￿Ie1C5 and pl8￿1CeS for the s¢hool in¢luding lh¢ fo Ilowing areas. - managing financial ￿li¢l¢S and practi￿5 forthe5ch￿l - finanGial plannin& budgding and monitoring - annual budget, fees Salary and benefit review - developing. Mar￿gi[]g and implementing the Buw S¢h¢m¢ - fee and debt collection The Sch(MTrl Business Manager rePr￿ts di￿ly io th¢ Tn< ￿ are rest￿nSIble for th¢ financial ov¢rsi8lkt of the charity. with all ￿￿￿ee5 playin8 an active role in thi

CARDIFFSTEINER EARLY YEATSCENfRE LII) (RKCISTERED NIJMBER: OYJ983SD Rtpwt Df FOR THE YFAR EP4DEDiyfH AUGiJsf202J STRucfuRE.GOVERNANCE AND MANAGEMEKr Th¢ tn￿tt$ have a duty to identify and review thr risks to which charity is exp)sed and to ensure appropriat¢ controls are in place to provide reasonable a%￿ra￿￿ againsi frnud and error. The Tnjstees have review&1 the rnai￿ risks to whith the Charity is exw5ed. and sysths have E¢en established to manage tIM￿¢ risks. The rltain finanrial risk ¢0 ihe charity Is consideTtd to be wxpe¢td significant loss of iTKome or Unb￿Jg￿ed ¢xpendittLre. Addition￿ly, the pros￿1 of an incomin8 LatK)ur fr&vernment introducing VAT on sch(k)I fees and removing ihe charitable red￿tion on rates of ind4n¢knt sdKK)Is {as per their rnan1fe￿o) is 8 risk for the wlK)le irbdepeThkni school ￿Or. Th¢ srool is ¢umily Issassing ih¢ Fwtial T￿0V¢rabl¢ VAT on purch&ses which can be ed to partially offset the VAT p&4sed on to 5th001 familie& and is looking to irtre&8e its bursarylhardship fund to help farnilies who n¢cd 5UPP(rt to transiti￿ Jrtto a VAT payabl¢ positi￿. The impact of VAT on scthool fees may also impact fvwre student recrnitsnent &s rArerts cortsider the affordability of opting in to inderKndEnt edL￿allOn at all int&ke w>ints. A5 a mitigation the school is considering markeiing to pospeaiye par¢nts who may no longer be able to consider fees of £20K wth VAT at other local independent 5ch(K)15. To (k) so the sdK>ol wouw need tt> provide clarity about the kirml of cduc4tion we provirf and demonstrnte through alumni that wr students achieve and go on to do well in univetsity and careers tArt a19) b¢ ¢le•r Whe￿ wecannot wfic parent a5piration5. Total funds ￿ year end were £309,660 (£289.660 unresth(tsd £20,0(Y) rethad). LV from £28Q623 (£266,623 unrestricted and £20,0(￿ restricted) in the previ￿5 yev. This I￿1[￿1¢5 unrestricted cash at bank and in hand and debts owed ¢0 the tharity of £193.932 (£141.485 irt wevicws ye¥) representing appr0￿M￿]Y 3.26 months of core operating costs (2.47 rnontlks in the rKevi0￿$ year). The Trus¢s consider tha4 the Str￿gth of the charitys balance sh the carefitl and Tnonitoring of finances. together with stable flow from fees. effcdive Tnarkcting and student TeCTUitmekt a¢tiYiti¢s, and the available banking fxility th w be ￿11￿ ￿￿n if n￿1 arises, thue is no cl￿ to build a larger cash reserve in the slM)rt term. The TnLStees rtumrnend thal in order to mitigate future Tisk. the charity slw)uld continw ¢0 WOTk t¢)wards establishing cash reserves of net cuwrent assets of 3 mcxlths nknming cogs (£l78J57) within the next S Pen￿0￿ FuDd #nd Liability The Charity use NEST for their Work￿￿¢ pension 5thanc. NEST is s¢$ up by the UK gov¢tThnent and nm by NEST co1￿￿10￿, a Th)n-depathiental public tKdy. The charity deth￿ atxl pays pension contribution5 arKI k¢ep5 Trquired rrc4)rds of enrolment. The Pensron Fund paid into NEST*yeara)d walloJ £75.405 {£55.125 th¢ pr¢vtous year).

CARDtFFsfEINER EARLY YEAILSCENTRE LTD (RECISfERED NUMBEIL. •7Y9W) FOR77tE YFAR ÉNDED29niAiKUSTX23 REFERENCE AND ADMINISTRATIVE DEYAIIS Fixed As¥ttyTrOPtrty The m￿n fixed ￿et of the charity 15 the buTrIdi￿ 3ThJ land kthvn as Cardiff Sr￿r W)1, Hawthom Wtsi The s¢hool made £10,598 of Im[￿VeMents1deV¢7oprnents to the building that wert wi¢aliwl in year (nil the pr¢vi¢)us yt4r) with the completion tsf the Tefurbishrneni of the sth(K¥l kild￿ in Msrch 2023. This is p8rt of the final expcnditure of the ring-fttKed fimding fr(xn th¢ Eurow grants re￿iVed in Previ(￿5 yea15. The refurbishment improva the kitchen facilities and envircxbment with the tzrAcity to provide whole sch(￿1 dinners in the mid-tem?, and enabled the school to improve its f¢)Jd hygiene rnting to 5 irt the subseqLJent April 2024 inspection. ThE school carried out £ 38,118 of twilding rnaintenartt and renewals in the year (£14.347 in the prcvityjs year) in¢l￿J1ng £22,500 to ¢ryhtinue staged ￿m)f work (mujti-year) proje£( improvements io the sthff room, M￿ertaI$ storer(y)m and reception hatch. fire safety ￿MedIa] at)d improvement work identifitd in the external Fire ￿sk A55￿5[￿E￿l and decorion of communal aTea> The school invested £13.347 in fixtsjres 8nd equipment during ye¥. £3.120 of which w&5 from grdnts r￿e1Ved in 2018-19 and held for this pwwse. This included significant investment in Jewellery Making equiprnent as a new ¢urri¢ulum are4 Handwork equipment including SPiDDiDg wheejs Purch￿ fwm the fomier Wynstones Sthool, printer lo be ndworkd for sFrcifi¢ studtslt use. and impxoved kn8e and shelving in the laknratory School Materia]s st(rt. The almwe 8rants from prewiML% ye4rs were rtceiv&J from a parm¢rship of UK aTKI Eur¢)ptan rn 8ivin8 Qfwdnisations supw)rtive of Steiner education f￿ improvements to the building and tt4UiPTrtnt in the development of the Upper School. £138,452 had spent in total to 31 AugLSt 2023. Tr balan¢e of gr2nrs continued to be held &s re5trictd funds of £1.264 ftir on rr equipment for Upw Sch(x)l. The TTUStee5 record their thank% and appreciation to thc truL artd other donor. fortheir g¢rKrous hclp and oilPPOrt throughwt thc yw. Tr aSSEt vèlue of the building is ulcLJla4 on the cost plus the investment we have into the buildin minus dewttiatton. The &wt value of the proFtrty at end of act￿￿0g peri(xl was £411,030 (down from £415.414 the p￿￿OuS year due to deprttiation) with liabilities of £148.925 (down from £157,917 the prevt(X15 year) to the Hemies Tnjst for the mortgage (t￿al at year end £98.Y25) and Cardiff Council (£50.0￿) for delayed put¢has¢ payments. Total fixed &85ets were £427.075 (£434.184 the previous year). The charity is in discussion with th¢ l¢xa] aUth(￿lty to agree st3ged payrnent date5 of the Iklayed £50.OCQ building pu￿h￿ FAyments, all of which can be met fomi the sthwl's reserves. Credit Control The a¢counts show debts of £17,678 of sch<x)I fees and hall hire fees & year end (£8,915 the P￿￿OU$ year). £14.464 was from current Fdm¥lie5 with balartces Ttmaining * year end. £9,398 of which h&s been recovered since, with the balance on payment plans. £3214 w&$ historic debt from farnilies who have left the sch¢xil which have either been rvovered sinee or are on pllyr￿nt plans cithtt dire¢t with the %hcx)l or with (￿r appointal debt collection providers. The charity Inst￿Cts a deb¢ collection servic¢ to tscwe historical debt and use thEiT services on an on8OLn8 basis to rKover any new d¢irt arisin8 wkn farnilies leave the sdKM)l. The charity made prtsvision in this year for £4,8{y).(￿ of debi accru￿ by a very small numFr of current families duTin8 the year wlk)se ability to pay in th¢ immediate was affecttd by the pandemic and gubsequent economic downtum. The majority of this a payment plan in place to repay the det¢ and hs bttn mainthin&l through ¢urrent and ongoing ft£5 payments in the current year (2023-24) with regular 3 monthly reviews. However, the Trustte5 have taken cautious approach by fa￿Oring this in to thE financial given the ongoing #onc￿￿]¢ climate. The charity continues to PW5ue debt whcrr P1DViSi￿ has been mad< and £6,(9 of debt that had provided for previously w&$ rectheTed during the year. The school continu¢5 to acr reswnsively to maintain the finawKial stturity of the sdK)ol thro￿ W0￿7￿g closely with eiits lo Jiiana8e their fee5. ￿Y111￿)L%. iii a till￿1Y manner. l7 thariiy r￿0verS fees arreaTS trom cuttetti rathilies. ty rnonitoring and TJOtific•tion of arrears during the year. and by rob￿￿1 year end xtion, i￿luding a series of year ¢nd remirxle@ to promw the ftnal August mc￿thlY fees tAymcrt by y￿r erxl on 31 Au8U5t. Bur4arylCh8ritsble Benefits The chariWs Tr￿$1￿$ have re8ard to the Chity Commissic)'$ guidanc£ on public tuefit and carrioj out significani activities undertaken to further itscharitsble PXUFK6¢S forthe wblic bu￿fiL

CARDIFFSTEINER EARLY YEAILSCENfRE LTD{REGISTERED NUMBEIL. 11799 RtyortofthtTru5tses FOR THE YL411 ENDED 2tyTH AUGUST2•23 As an educational charity all iTKome of the charity mua be applied for educational purpose& We ￿1¥¢ t&x exernplion on ow educionai a¢¢iviti¢s (and on any investment intOTne and gains) provided thEse ar¢ appli￿ for our charitable &irns. As a charity we are also entided to an 8IY/ts red￿tIon on (w i￿1[￿55 rates rn the property we 0￿UPY for our charitable purpo￿ The financia] we r￿e7ve from these exemptions are all applied for ducational purposes and indirtttly help us to maintain our bwsary and subsidised fees schemes for famtlies on lower incomes. However. as an educational charity. we are unable to reclaim VAT inwt lax on our costs a5 wc art exempt for VAT purposes. We also tray tsx as art employer thr￿gh the national insurnnce contributions we mak¢. In additional to the very yjbstantial benefits our school brin&4 tt) pupil& the Ictal c￿Mmunity and KKiety through the educ4tion we offer, our ￿nary and subsided fees wogramnK outrwh and public events pro8fdrnrr￿ provision of facilitie5 for public use and our position as an imwjrtsnt hub for Éiicomiaiion exdwige and best pra￿1¢< means the charity create5 a swial ass¢t witlk)ut C(J5t to the Exchequcr. ThE charity aims ￿ be &$ s(Kially inclusive as it can, tre￿ing a delicate line between financial seruTity and ac¢¢ssil)ility. by offering a rttng¢ of charitable financial discounts. Financial suprA)rt is offered to families via a bursary scheme and substdisal fees for knilies on incomes under £45.000. li also offers an iTKome-based staff fees d[s￿1nt s¢hem¢ to attrart and ￿taIn staff. The Bur58ry scheme offers support to families on lower income5 and provides larger and thlitional discounts to the subsidi5ed fees. During the a¢counting period £42243.57 was award￿ in fees subsidised ftes to families on lower incomes, and mean5 tested discounts to parents who are paid stsff membu5 (£52.018 in the w¢vious year). This comprised £23.535 subsidi$￿ f¢¢$ (£25,431 in the previo￿$ year) £3,681 in bursaries (£14,038 in the prewou5 ye4r) amd £15,027.36 in me4ns-te5ted 5tsff discwnts (£12.549 in the previou5 year). This represents 6.76 % of relevant fees income. The d¢¢rease in trtjrsaries was due to older in re¢eiM of larger btirsaries graduating the ￿h0O1. A fijrther £49.140 w&s given in siblin8 d1sc<x￿ts {£59.527 in previ(yJs year) a dttrease due to older siblings graduating the xhc4)1. The Charity plans to further sUp￿rn its by ¢xwMling tts r¢gthar 8tving sdvn¢ in the coming year. The TnJst¢es will continue io monitor the level of finarKial sUPW)rt for farnilie5 lower incornes &$ ￿th0o1 grows. to ensure it is both eompliant with the Chtrities AU and is 81s0 susthiNbk in of the Ovu￿] fina￿la1 ￿sitIon of the ¢harity. The Charity providesj otsr p￿]7¢ ￿nefit dwing the year i￿1￿ling a prOgr￿￿e of visit M￿nin￿ oFn evening M￿SIcAl and dramatic perfornmnw and Parent and T￿jdIer GrouF6 seNng 30 I(￿1 aThJ regional famFlies. The ¢harity supw)rted the I￿al Community by providing the building for ptsblie use of its cornmunity hire fxilitie5. Durin8 thc year this w&8 used by local groups including Clas￿ hdth tiainingand I(￿ Community gr(wp the Friends of Halley Park. The schoDI continued to act an Im[￿ant hub f(x 5harin8 exfvi5e aThJ best praetice with other UK sclh)ol% ar￿ S￿￿ent teach￿5 int¢re5ted in stein￿ Waldorf educion - with a of teachu visits and slltdent placements in the school place in th¢ year. Ths included visiting ￿0up5 of I￿al FE childcare students and tutots, and a presentation by the sc1￿1,5 Early Ycar5 Coordinator at Cardiff MetroFKJli¥n University. The sthwl's Upw School Edu¢ats(m Coordinatw continued io work wth the Steifw Educati(m tkvelopment TTU5t (who rnanage and develop the NZCSE}, to deliver training a￿j guidance for other UK Steirw s¢hool% to deliver the ctstificate to their Up￿r Sch￿15.

CARDIFFSTEINER ÉARLY YEARS CENTRE LTDIREGJsf£RED NUMBER: 0Th8J57) Peportof thtTru5t¢tS FOR THÉ YEAR ENDED 29TH AUGUST 2•23 FUNDS HEU) ASCUSTODIAN FDR (fftI£IL8 Dopogits The charity maintain5 a %p8rdte de4¥)Stt account for holding ftts de[￿Sits. Thtse re￿r¥¢ a third's place in the school and cover any Costs in the eV￿t of the Registration and Contract bets¥een Pa￿￿t and Cardilf Steiner S¢hool being broken. The derM)sit is relurnable when a child leaves the sch￿1 as long as a fvll tern)'s nNice has be￿ given in writing. Deposits are intema]ly auditrd at year ￿)d io ensure filtth h¢ld in the account corrr5w)nded to those recortsj in our counting syst¢m. At year end the dwity held £25.8[￿ of for c4wrtnt families. The Trustees may explore the 0Oitsn of a cath irwestsneni policy. dekK6it ffiJnd& any futll￿ irtre&%e in wh reserve5 gcneTated. PROFESSIONAL ADVISERStsERVICFS Professional advisetslservices ￿ ihe charity during the ￿{MI were s follows.. Ac¢ountsnts- Johns Jones & Lo Limit Bankers- The C(K)perative Bank pl¢ Payroll A¢¢ountsnis- tknnis and Turnbull Ltd P￿Slon Scheme- NEST workplacc ￿n51(￿L sd)ane rkFA Colleaion. Redwcx)J coll￿10￿$ Ltd TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who ar¢ also th¢ dire¢tors of Cardiff Steiner Early Yeats Centre Ltd for the ]xwp)ses of ¢ompany law) are responsible for prerYdrin8 the Rew>rt of the Truses and the financial sthtrments in accordan￿ with applicable law and I Inited Kingdrxn Act￿1]nIt￿g 8￿n(￿r{l$ O Inirejl Kined(¥n c)e￿¢r&I1Y A¢¢w￿l A¢auJnting Prxrtice.) Comwy law require5 the trustrt5 to pYepArt fiTwKial strtem￿S for each financial year which give a true and fair view of thc atht¢ of of the charithblc eompony ond of thc incoming rwjrctt thd opplietstion of T£￿r¢¢5. including the incom¢ and expenditur4 of the tharit4bk Company frjr that peri(K4. In prepartn8 those financial 5tatement& the IT￿￿tee5 are requtrcd ¢0.. - select suithble a¢¢ouniing policies and then apply them CO￿1$1•#1y. obwve the methoL aThJ prjTKipI￿ in thc (￿)Etty SORP.: - rnake judgements estimates that are rea4ynable aThJ wud&)L . prepare the finaficiai statements on the going conc¢m basis w￿¢S$ it is iropFwiate tt) [￿eSun% that the charitsble eompany will continue in business. The Trustees are re5wnsible for keeping Ewer arLoLmting records which disclose with re&sonable accurw #t any time the finanGial position of the ¢haritsble company and to cnable them to eTwJre that the fiTwi¢ial staiements comply with the Companies Act 2￿. They are also res￿nSIble for safeguarding the of the charitable company and hence for ins r￿"o￿ablC JtCP5 for thc weveniion ond d¢tc£tion of fraud (Ind otI￿r irrwiloritiw. This w¢pJn has prtwArtd in xcothe the wai yovt5irffs of P 15 of C(KnFWK5 A¢t to sTrwll Approv￿1 by orderof thelxNrd oftru5tttSC .. 5r•vtth itsithlfby.. ACBow.Trll*

IndeptThd¢#t Rwrf¢oth¢Tr•5toes•f Crthff SftlAer Eafly Yars Ce•tre LTD IRe¢tst¢red 07m35D l•deptTrdeffti eAMminer'i rep￿ttO￿ttrS￿￿ ofCrdiif&amEr Fjrly Yur4Ct•trt LTDfthe Cothpby? I on my exaMin￿on0f￿¢￿￿r￿m$Oftht CwtWTyfwthtyt¥¥xtsJ 2hA￿￿2033. Re5powsibilitsc5H•d ba515 ofreport A$ th¢ cbaDW5 tru5tee5 of the CornrAny a150 dtsect(xs fw the of ￿panY law) you are rE¥￿￿•b￿ fu thB pr¢parélionofthe¢¢(wnts MXCOrd￿ with ￿￿1￿Men￿ofthccofft￿￿¥ A¢t HDYw8 sisfKd rnyself th tht ateOurt% ofthe CuTrF4fty WE to k a￿lted 16 of Ac4 ord v¢ eli8ibl¢ for irthFadeni ￿8m1r￿tK￿ I res￿ in res￿ of my ofyowttAWs out s￿￿On 145 of the Cknn¢5 Aa 2011 ('Lk 2011 Ad) In my l F•ve th¢ D¢Tr¢uon5 8¢v¢n by trrt c￿ty commi￿10￿￿￿1￿￿l￿ 14yS)(b)oftr¢WI I Aci Sinct y[￿r th8rity5 gr￿ thc(m¢ exco¢4ts1 1250.(Xl) cxwnuxr èe * memiu of * liJ btsjy. l un confirm LFAI I qdified ￿ ¥TrJert3k¢ the ￿OrniT￿t￿n be¢#￿ l a ffjcmiv ofth Ir￿1￿¢ of Chwtuoj in En8lBnd arKJ Wak m¢¢aw¢ to belith'. ErcLwnDn8l￿￿s in rwoftt¢Comkwry¥srt4w¥J iry 3l6ofy¢2tyh￿ rm th¢a¢(vun￿ do rwdot the do Mi ¢¢mply the FO4uiravKrts of ScttkM 396 of Xfj5 Act rth¥ than ajy rwuijrynwrt the8Lxo￿nts wve view 1￿Je￿¢¥aM1r0IIDTr, or the xuwnts have prev￿j In wth wylc5 of thE Siath¢DI of FifOrtil R4th"nEstA￿￿￿d4￿l(b1e fft the UK Aw*AicafIth(FRS IW21 in Ihi&TfPJrt inoldw￿cn1t4¢a FWF¢r J¢hrfJow¥ml Lo Limil¢tl P¥lO

CARDIFF STEtNEREARLV YFATLSCÉNTRE LTD FOR THE YEAR ENDED2yfH AUGusf 2413 29.8.22 INCOMEAND EIYDOWMENfs FROM rkniior6 3.163 11957 10364 Chritsblo A¢irYtlie5 Parent BTrJ to¥Jdlcr Fe¥4 KiThl¢r88rtth feLs 4.784 659.978 88,634 699.m 88.6J4 IfiW2 630.170 117,637 Hdl hire 1,995 1974 (knfurwJrn151￿8t¢lyitK 6P56 481 821524 831318 778,809 EXPENDITIJREON C￿n￿bIt •¢tiviliES Pupil Exp) Eslab1i5hTnent￿￿% 75,648 3.681 49.141 75.648 3.681 49.140 14.038 59,527 30,356 SiNing diSCOJnts AdminiThM ￿penS¥S 524,101 24.lQ4 3241 6.9)7 Si&ff disrowts 24,104 3241 6,997 12.549 3ffj12 Funthoksin88ts1 pllbiicity 11412 Total 798.487 808381 7FS.957 NET INCOME 23.037 23.037 2,852 RECONCILIATION OF FUf4JXS TO￿ filvds Wforwtrd 266,623 20.(XX> 2W23 283.Tll TOTAL FIJNTIS C4RRIED FORWARD 289MIJ 20.(IKI 286,623

CARDIFFSTEJN4R EARLY YULSCKNfRS LTD{REcisfERED NUMBEK. •rn8JSn 19TH AUCUST2025 2022 Tot FIXED A&SET5 Twryiblt &%stts Jl 1.867 115 427.075 434.183 CURRÉTrrr ASS [kn￿r5 C&th aThl In har 192 I￿6￿] 174.712 15. 166.K 193932 15.958 176,465 CREDTfoRS ArnO￿ts rolli￿ within ory l2 1124.8431 (124J431 (102.767} NET CURREP4T ASSETS 15. 85.057 TufALASSETS L￿￿cl)RRÈNr LIABILrriFS 3￿.956 131.176 511132 507.881 aiEDJTORS (91295) {91296) {10)2871 ACCRUAiSAND DÉFIRRED JNC(hMÈ 16 (120.9711 NET ASs￿s 286.623 FUNDS Unrestrieted fwd5 fiJnd5 17 289.6 2&S.623 TOTAL FUNThS 286￿23 ThB chriMblE u)mpny is to ax(anpEKffi frcqn klit urthr of th Cornwiu Act 2(￿ for ytar eTh 2h Aug￿ 2023. The rnemt￿ have Mt required the an thpjit finthxid the Y￿¢thA 29h Awt 2W23 ' cordBKcwith se¢tion476oftheComw￿Ac1x£￿. Th¢tyv31tt5 aCkn0￿CdBetr￿1Irr5W￿sthil1ts¢S &)r ¢nsufinE that chariiable c(wy keep ¥¢thmbtt8 twds 386 ￿1387 Oft￿ CtyrtwiÈS A¢t 2(￿ and pr¢pgrins finarKid 8)￿ a fair Yiew of of affau3 oftr¢ t %￿d ofe4th fin￿r￿1￿ year aThJ of its dcfiui fw ¢xh fi￿111 yeaT in ￿1h rwuirNnews of ions 394 artd 395 whKh LmEAy with tl rrqwieinrt% of Cr￿pan￿￿ Ac 2fXI5 rtknting to finaNaJ Ib) 14rrE5I￿j on Tts tthlf by." BACB(b*f¢.TE P4¢ 12

CARDIFFSTEJNER EARLY YEARSCENTRE LTY> FOR THE YFAR ENDÉD2wfHAucusf2413 29 813 29.122 C4yh nows oprTrtillE tti¥iS C45h frtyn 0￿r￿¢m￿s 38.9TJ (18,791) N£t￿h wovvjed by￿￿1 1n}yntlll8￿I¥Itsc5 38.979 C95h fknvs from i•v¢yti¥ Adiviliu Pwtha5coftan8iblc fixtsl {I5189) (3.765) I3.7f￿) Netttth in bithrgauiviliEs 115.C99) rI￿rti￿& p¢riDrt Cash ush ¢4ui¥lt#ts tikt tht r¢porlin8prrwd 23.880 122557) 189J57 C•5h wnd taslj ¢4￿1¥￿t￿j￿If the dihe rewrti•g PEr1￿1 19).680 PaBe 13

CARDIFFsfEINER EARLY YEAKS CENTRE Ln) ¥OR TH£ YEAR ENDÉD 2yfHAUGiL¥fw3 RECONCILIATIIJNOFI4ET INCOM£TO NETCASH Flnw FROM OPEPATING ACTIV￿1￿5 29.8 23 29.8.22 Ntt for the reP￿IDE (As ptrtht Ststr￿¢￿¢rfw1u1¢1￿I A¢livilvyl AdjusMe•ts fvr. [￿￿￿1￿tIon￿r￿5 Movemet incxshW¢J5hyiwlwrfS Inueast irt debto 25,037 2.852 23.010 19,721 } 14,4271 IY).5351 7.3r2 16.555) 17,081) Ne¢th provId￿ byl{uxdin)opernhows 38,979 (18.791) ATr4ALYSISOFCHANCÉSJTr4 Nrr nJNDS AiJO.8.22 tl( At 29 1.23 Nettwh Ca%h ￿bankI￿A in 23J 19), IfA 23.8 I￿.6 D¢bl rkbts faJlin8d¥¢wrth￿ l yt4r Cbts failingd￿lft￿ l y 157.6301 I1￿287) (57,630) (91,296) 8.991 148,926) Tothi 8,883 32,871 41.754 Py14

CARLHFFSTKIPffjR EARLYYEAiscKFmtÈ LTD Stsl¢nK•ts FOR ThKVEAR ENDED29TH AUGUST 2023 ACCOUNfJNG POLICIES The financial thiements of the charithle coMp￿Y. whith is a public benefit enDty under FRS 102. hav¢ bxn prepared tn accordarte with the FiTJancial R￿￿rtIng Stsndard 102. The Financial Reporting Standard applicable in the UK and Republi¢ of trel&N4' and the COm￿nieS Att 2006 Thc fiTncial sratements have be￿ prep￿tyj under the hIs￿l¢al cost ConventiL￿. The presentstion CUTren¢y is £ ￿elling. All incorne is recognised in the Stakm¢nt of FinwKial ActiWti45 once the charity h¥ entitlement to the il is probable thatthe irh¢(¥n¢ will be tvxival aTrJ the amowlt can Ix mtasured reliably. Grani in¢om¢ receivd for the PLrch&8e of fixed assets is defen￿ and released to the profit and loss a￿Unt to match with the depre¢iati(ffi of the grant aSS¢L Expe•ditsre Liabilities are reCO￿i5ed &s exper￿lIUre soon as thue is a Iwj or constructive obligation commrtting the charity to that expe￿dI￿￿e. it is probable th a transfer of economic benefits will be reguired in settlement and the amouni of th¢ obligat￿n can be meawred reliably. EX￿￿llUre is acwjnttsj for an acCru￿S b￿1$ and h&$ been cl&ssbfied under headings that agma ￿1?￿$1 ¢0 ￿ ￿egory. Whert C4)5ts ¢annot be dir¢ctly attributed to patticular he&lings have been allixated to activities on a b&sis consistent with the use of Ta•8lbk fixtd AsJtlJ Freehold buildin￿ - Stiaighi line 4% Fixtures and fittings- Straight line 20% Equipment- Straight line IW• Th¢ ¢hafity is exempt frun Cor￿ratiOn its th￿l￿bIt￿tiVItie a¢¢ountin¥ Unrestri¢t¢d funds can b¢ ll5¢d in a¢wrdance with the charitsble objectives atthe diKretion of the trustees. Restrthd fvnds can only be used for particular rtStr1¢t￿ wthin the obJ￿ts of the dwity. Restrictions arise when spvified by the d(xwr or when fithds are ￿Sed for particular re5trict&l PUTfrf)5es. Furtherexplanation ofthe natwe and purywx of each fimd is irKlud&4 in the notes to th¢ fina￿1￿ stst¢m¢nts. Ik)n*ed goods and services (iTKludin8 volunteer timek are rtC4wised in donati￿. and shown as expenditure auributed to the relevant of the 8(￿dS or senfi DONATIONS AND LEGACIFS 29 8.23 29.8.22 12.957 10264 P4t 15

CARDIFFSTEINER EARLY YURSCFME LTD FOR THEYFAR EP4DED2YTHAu¢usf 2•2J OTHER FUNDRAISING AcfJvrTIES Ptsiod 29.8.23 29.822 Foirs 2224 6.056 2224 IWCOME niom CHARrrABLEAcEivrriEs 29.8.23 29.8.22 Pw¢ntand toddlcr sth￿l fee5 KindEtKartgn ft¢s WtaPafOLth cÈrt Hall hire 4.784 69).978 630,170 17.637 16.892 1.595 Hall hi I￿4 612283 765,840 Included in unreth¢1￿ voluDthry I￿)m¢ a￿ for marketin& maintenance cle4nin& vajud £NIL. (2022.. £NIL). Donated marketing S¢m￿S £NIU2022 £NJL) [k)nat￿l cleaning services £NtL (2022 £NIL) Donated JT seTvi¢es £NtL(2022 £NIL) DDnat•J rnalnter￿Ke services £NtL (2022 £NIL) Gtft aid amounted to£661 (2022.. £N]LI thjring the year the ChaTity ￿e¢Ve￿ restr1d￿ thnations and 8rants of £NJL whith were s￿￿j duringthe year. An additional £9.794 defe￿￿ grart (￿1¥￿ 2017-18 and 2018.19) for the purch&sc of fixed asse was released to the profitand105S XL¥yJnt to match the depreei*ion of the rn purthase4J ass¢ CIIARIYABLE AcfiviTILSCOSTS Di￿1 lknpil ExNse F&Ablishmeni exF¢n5e 75.648 3,681 49,140 Siblin8dtscwrrf5 Adminiwrmexwffts StÈffe(￿s S¢Bffdiscounts 524.101 24.104 3241 997 Furthisingand ￿KIty 716.07$ P4g 16

CARDiFFsfEINER EARLY YEA1￿ CEfaRE LTD FOR THE YFAR EJ4DED29THAUGiSf2•2J NET INCOMEJIEXPENDrruRKI 29 8.23 29.8.22 22207 23.039 TRiJ¥fEES' REhfUNERATION AND BENEFITS Tr trustees did re£eive any remuneratirm for their servi¢xs as trustees dwingtheyear. Truy1tt5' c%prKvs Trusttt5 received exFnses of ￿ during￿ (2022 £NtL). srAFF cosrs Staff costs during the year amounts to 2￿23 2022 Wages and salaries Social security Staffdiscounts Stafftraining atKI developt1￿1 481,321 37,297 24.103 5,497 451,373 33,450 12.549 9.906 Penod 29.8.23 29.8.22 . All ststT Noemploy¢¢ rx¢iv¢d employ¢e benefits of rn(¥t than £60.(K(I. COMPARATNKS FOR THÉ SVATEmEP￿0F FINANCIALA￿[VrrlLS ITrICOME AND ENDOWMENfs FROM tknDtions &ryJ Wic5 10264 Charitsblt xdivit Paffrtw¥J ttyJdl¥ $th(￿l Ft Ki￿dÈr&rteTh ft&s 63Q17 117,637 117,637 Hall hire 2.￿14 I.￿4 Other SJrdrnisinB Othw irtyJm¢ Totsl 769.751 9.058 EXPENDITURE ON Ch•ril•blE ￿11¥1￿ Pupil Expet E51ablishMenttX￿5¢ 81 14.038 59527 Siblinsdiwnils 59527 Py17

CARDIFFSTEINER EARLY YEAwscEfuRE LTD FOR THE YFAR ENDED29TH A{￿1}￿rI•21 COMPARATIVES FOR THE STA7EMEPryOF FINANCIALAcfiviTIES-eMIiA•td Adrnlnistratthts￿￿S Stlffco StsffdiscoL¥¥3 Gov¢maw¢ Fvrthigngathj 30.356 495,171 11549 3.612 30356 495.171 11.549 3.612 13.912 9P58 Toll 9.058 775.957 INCOME 2.852 RECONCILIATI1￿ OF FUNDS Tl￿ funds 263.771 283.Tll TufAL FUNDSCARRIED FORWARD 623 286.623 TANGIBLE FIXEDAss¥rs Ftvh)K AI 30th Awt2022 Addiibors Sl7.198 S3￿63 638 57&9Z5 1S,IW 3.863 AI 29th Au8LW 2023 527.796 SI￿1 592.¢)24 DEPRECIATION At 30th 2OXI Chgr8efory¢¥ 101.783 14.983 37. 6.451 3Joi 142.742 22207 Al 291h A￿￿$11015 I IQ766 44.1￿) 4.074 164.949 NET BOOK VALUE At 29th A￿2￿23 IOJW2 5fi53 427.075 AL2￿h Awst 2022 415.415 16205 2.563 434.183 The freehold propty is in the opinion of the dirffwrs (mJstee5) a 8eneral asset of the company and is th¢refore includ￿1 irt general ￿TrA$. This treatment follows the direLtor< opinion that the amount of resthaed funds sperit on refijrbishment cannot be disbnguished from tk rf (pf the protrty which is a part of the general fund The fr￿hOld propty iTKILths addiiiorLs this Peri¢￿ frorn re5triLtrJ of £10598 (2022: NIL) for buildin8lrefurbishment services and related costs. Fixtsjres and Fittin Fixtswes aThJ Ruings incluts additioNs thLS PEri￿ restricted fvnd of £0 (2022..£3.766). t¢r ui Computer quipment inclth additions this puicJ fmm Testrictrd fimd of £3,120. (2022.. NIL) All the assets were used for dirttt charitsble Py18

CARDIFFsfÉtNÉR UALY YEARS CENTRE LTD Ihr flu••r1￿ FOR THE YEAR E14DED2yni At￿lIST1•1Y DEwfoRs: AMOiINWS FALLING DUE wrrHINIWE YEAR 2023 Trnthdekrtors 17.678 lJ42 8.915 750 19220 9.665 li CREDITORS: Amourm FALLING DUtwmiiN ONE YEAR (XhEr l(ffjns(stt 14) Paymentson XCOJnt Trndecreditor5 (xhercrcditorJ 57.630 57.630 28218 739 15,848 3.785 4.019 124,843 102.767 Ji CREDrroiLs: AMOiINIS VALLINC DUE AFTER fvIORETHAN ONEYEAR 2W23 2022 FrlLWS(5¢e 14) 912 IW287 An aMIy5isof matwty 2025 2022 Amounts fallitl8duE w#hin y￿1￿1￿￿￿d.. 57,630 57.630 Arnounts hll1n8lxt￿ (rtwkj Othtrlo&ns- 1-2 years 30520 30.52 Amourt% fallin8duB Inmcfctrthnfiv¢ye5." R44yk by i￿￿#￿". Odvlo*$mty¢ 5yts ￿￿81 69.767 SECURED DÉwrs The fO1knwn85r￿rddrbts&IB irdLthJ withinty•J￿( 2023 2022 148,926 157.917 The compgny has granted a¢harg¢ ￿ its to securE other ILwns of £14&926 (£2022.. £157.917). J& ACCRUALS ANDDEFERRED INCOME 2022 IXl,971 P4t 19

CARDJFF srÉif4ER KARLY VEAIiSCFNfRÉ LTD FOR THE YFAA ENDED29TH AUGusf 2•23 17. MOVEMENT IN FUNDS lkning the year the value of re5tridvJ funts utili5¢d in thE irnpnwemert ￿ purchases of assets aTnounted to £13.717 (2022.- £3,766). i& REiATED PAR'fY DISCLOSIJRFS 19. The cornpany has no sharc capital aj￿ is limi￿J by guaranw The amowof the guarante¢ is£2. MANAGEMENfANDADMJNISTRATION OFTHE CHARrtY Included in goYtrnanc¢ ex￿[￿ we insprfbon fees of £3,(W (2022 £2.820) FUTr4DRAISING AND PUnLicfTY AcftvrriFS FuThJrdising and wblicity c¢Js¢s (included irt charithble exFbses) year amou￿ 2￿23 2022 Unrestricted