REcisfERED COMPANY NUMBER: In998357 (England and Wales)
REGISTERED CHARITY IYUMBER: 1149061
Report ofthe ind
Un*vdited Finantial StstemeDts
for the Ye*r Ettded 29th 2•24
CARDIFF STEINER EARLY YEARS CENTRE LTD
INIIIIIIIII
*AE3GIALW*
27105r2025
COMPANIES HOUSE

CARDIFF STEINER EARLY YEARS CENTRE LTD
Co*teAts •f the Fin#nei*l S¢*¢tments
FOR ThE YEAR ENDED 2yfH AUGUST 2024
PA8e
Report of th¢ Tr4M
I to io
Independent Report
Stalttment of Fin*nei*l Adivities
12
Balgnce Shttt
13 to 14
Cash Flow Stattmtnt
15
otes to th¢ C4sh Flow Sl*tement
16
ot¢s to the FiTranci•l Siatements
17 ￿ 23

CARDIFF sfEIN£R EARLY YEARS CENfRE LTD (REGISTERED NUMBER: IJ7998357)
Report of tkneTrusttts
FOR THE YEAR ENDED 29TH AUGUST 211Z4
Th¢ Trustees of the ¢harity aff also Director5 of the Ltd Company forthe purpses of company law.
Trnst¢es th served during the year and their datcs of appoirtknem ￿[e a5 follow5..
M5 B A Bowen- Chairperson app)intcd (ki 2020 (appointed March 2012, r￿lectIOn Juty 2015.
May 2018. (kt 2020, July 2024)
Dr K W Attficld appointed Jun 2022 {app)inted July 2014, re-election Jul 2016. Aug 2019. Jun 2022)
Dr H D Evans appointed Aug 2020 le￿0p1ed Aug 2020. Taiified Oth 2020, re-election Au8 2023)
Mr M A Flynn appointed Jun 2022 l¢wpt¢d Febnlary 2019. rdtified Aug 2019. rtth¢le¢tion Juth 2022. July 2024>
Mr R Knight appointed Feb 2022 (Co￿pted Feb 2022. raiified Jun 2022)
Ms F Whitesid¢ appoint¢d Apr 2020 (COvOPted Apr 2020. rntified Iki 2020. re*l¢ction Aug 2023)
TnJ$t¢¢$ may be appinted by existing Tru5tee5 or Ksrninaied •Ld ele£ted by the charity's mtmbers at the Annual .
Gcncral Meeting. The Board of Trusiees evaluate the current balance of 5ki115. knowledge and experience on the Board
in seekin8 to recruit any Trustcc role5. Trustees are interviewed and inducied in iheir role by existing trustees, and are
provided with a sthi¢ment of re$poÈ)sibilities, induction pack and information on key ￿lICItI procedures and goveming
documents. Trustees underkke training as required. both specifi¢ to individual roles, or io tht Board a5 a whole.
OBJEcfivES AND ACTIVITIES
Objettives of the cb*rity
"To advan¢e the ¢du¢aiion of ¢hildTtn and youn8 people and support families and individuals in #c￿rdaT￿¢ with the
educational principles of Rudolf Steincr..
The charity's rnission stat¢tn¢Tht ks.. 'W¢ provide an inspiring at)d nurturin8 education b￿d on the prirKiples of Rudolf
Steiner that respects each £hild5 individual develtspmeDt. We serve the ¢ity of Cardiff and surroundLng areas, and
w¢l¢om¢ children and families from all culiural and religious backgrounds. We seek to fully i￿¢￿tt with the wider
Community through projects and events. We offtr a ¢ompththsiv¢ child-centred education through parent and child
8roups. kindtr8artens and a vibrdnt School offering a living Steiner ¢urri¢ulum. Everything we undertske we sirive io do
eihi¢ally, ¢onKiously and with integrity."
Significant activities
The S¢hool $u¢¢¢ssfully ¢omplet¢d its Iwelfth ye8r of gro￿. and our fourth year since offering a full Steiner Waldorf
education from age 3 to 18119. 2023-24 was the sixth ye¥ of the sclthl offering the New Zealand certifi￿1¢ of Steiner
Education (NZCSE), with our second Upper School Cla55 8fdduatin8 with the ixvel 3 qualification.
Page I

CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: O79W57)
Rewrt ofthe Trustees
FOR THE YEAR EJ¥DED 2wfH AUGusf 2024
OWEcfivES AND ACTIVITIES
Volunteers and ¢ommunity Supwrt
The charity greatly value5 and benefits from the generDu5 volunteer contributions of pamts, stsff. and support¢TS. who
dedicate tnany hours of their time. Paraits, artd often members of their C￿ended familie5. play an a¢tÉve role in tk life
of the School. Their volunieer efforts in¢lude organising aThl Tunning communiry events. enhancing and maintaiThin8 the
sch(x)18Tounds sUp￿rtin8 pupils, learnin8 tx)th in the cl&%sroDm and on trips. and leading or participating in fijndrnising
initiatives.
The financial Statements do not include a valuation for these as they canmt be measured reliably and would not
nOM￿lLY be provided as part of the volwiieeTS' trade. though an outline of parental involvement 15 included irb below.
This year marked a Significant Step forward in parwrtal en￿geme￿. highlighted by the revitslisation of ihe Parent Rep$
Group and their introduction of an infomial rth)rdinaling and leadership rnle. This development sparked renewed energy
and commitment. fostering a more strategic and Collaborative approach to parerii involvement.
The Parent Reps mct Tegularly with their SchTh)l Management Team {SMT} liaisons to c(Mduct a strattgi¢ review of thc
roles of Pafent Reps and rhe broader Tole of eommuniry within tht Scjwjl. This reflective prncess helped to stren￿hen
th¢ School's Culture of ¢ottn¢¢tioo and collective r¢4y)nsibility.
As part of this Tetnvi8orated parent initiatLve, a Parent Garden Group was established and undertook a substantial project
to renovate the Kindergarten sandpit and expand planting acr05S tht khotsl ￿0￿nds. Another parent-led projcct
involved the collaborative ¢[￿struCtion of an outdoor pl1￿ oven by both partnts and pupÉls. This new f¢aiure has
become a valuable assei now used for S¢lwl Fair4 *wartsund m¢ai& oE)d other ¢tsmmunity ¢v¢nts and
celebrations.
The Parent Rcps also I￿15t¢d the sCh￿].s first Chri51m&s Fair in three years, which proved to be a resounding
suc¢es5-both in fosiering community spirit and raisin8 funds.
Parental involvement coniinued LO enrich the educational experi¢nrc. In Middl¢ and UppEr khLW)I parents wntrIbut￿ to
talks on'careers and the World of Work,. sharing their professional journeys and insights with students.
Thes¢ activities reflect the deep cornmitrrt¢nt of parents to their childrens edu¢*ion. as well as their imialuable $upport
in helping the SchrKTrl grow and thrive". The &IKM)I benefits from a strong ar￿ coks1￿ community. unitd by a shared
understanding of the charity's mission and ethos - an alignment that positively enhances the educatlonal experien¢¢ we
pro¥ide. The TTUSt¢es would like to forn)ally xknowledge and express their heartfelt appr¢ciaiion for th¢ d¢di¢ation.
enihusia5m. and on80ing suppjrt ShM￿ by our staff, and friends.
Page 2

CARDIFF STEINER EARLY YEARS CENTRE LTD (REGisfERED NUMBER: •7998357)
Report ofthe Tntsthes
FOR THE YEAR ENDED 29TH AUGUST 2024
ACHIEVEMENT AND PERFORMANCE
Review ofxctivities
This year marked the tswelfth anniv¢r5ary of Cardiff Steiner Early Years Centye ￿d- a charity fOW￿¢d in 2012 to carry
forward the missv)Th of the original Cardiff St¢in¢r Early Years Centre Charitable TrusL building on 15 yean of
su¢¢¢ssful Kindergarten provision. What began as a pioneer iniliative offering class¢s for Child￿n aged 6 to 10.h&$ 5inee
evolved into a thriving Centre of St¢in¢r Waldorfeducaiion. serving ¢hi5dren and young people from ages 3 10 19.
The S¢h¢)ol is xctediied and lic¢ns¢d to offer the Certificate of Steiner Educatb)n INZCSE) as our Upper School
qualification from Ixvel i to Level 3 (ages 16 to 181191. This ini¢rnaikonally recoyjused qualification i5 the first
secondary school qualification fvlly based on the Steiner curriculum. li is equivalent to A Levels and the International
Baccalaureaie. is recognised by UCAS. and a¢¢eptrd by UK and international univer51ties. Rather than relying on
high-stake5 exams. assessment in the NZCSE 1$ wntinuous. authentic and d¢velopmentsl. Students are evaluated
through in-depth proj¢¢ts, practical worl WTitteTh ￿lsTrments. and oral presentations. methods thai honour individual
learning styles and allow students io demonstr3ie iheir understanding in varied and meaningful ways. Each student
graduaies with o ¢ompr¢hensive c¢nificate that retlects their individual s¢Mg¢l￿ aDd areas o( ini¢￿sts.
This year. we celebrdted excellent achicvtments in Upper S¢hool, as our s¢¢ond ￿￿￿aring elass successfully compleied
Ih¢ir L¢vel 3 qu21ifLcations. Seven swdents were awarded Distinctions. one received a Highly Commended. and on¢
achieved a pa55. Thi5 ye*s ￿￿UateS werf on io S￿dY ¢ours¢s including Crimir￿l08Y ai Durham University,
En8ineering.at the University of Exeier. English Language and Linguisiics at the Univ¢rsity of Glasgow, and Business
Siudies ai SejoDg UniveTsity Seoul, South Korea. CIM)osing to be part of a sch(K)l thai ernbrdce5 a distinctive educational
approach requires counge. ¢omtnitmen¢. and belief. Th¢ TnLSte¢s warn)ly ¢ornnxnd every stud¢nt, their supportive
families, and our d¢di¢ated i¢aching ieam for their hard aThJ shared success.
This year. the School began 5urc¢ssion planning for the Upper S¢hool Coordit)ator role, followin8 notifjeation from the
current posr-holder. of their intention to trdnsition to a Vi$itsng Tea¢her and NZCSE Advisor posiiiot) from Sept¢mb¢r
2025. A robust transiiion plan is in pla¢¢ ￿ enswe Upper Sch￿1 continue5 w uphold its high ac*Jemi¢ Sthndards and
maintains a stable. supportive environment ¢entred on leaming and s￿￿¢￿[ w¢llbeiTh&
The School's Lower S¢lv)ol Edu¢ation Coordinator suc¢essfully cornpleied Esryn Peer Inspector training this year. This
a¢hievemeni brings valuable insi8hi into the inspecti¢)n process to the leadership off¢rs opponvniii¢s to lean) from
effe¢rive pr3¢1i¢es in other ducational sertin85. atMI Sup￿)rts continuous improvement iKsth within the khty)l and across
the wider sector.
Th¢ School r¢mained fully responsive to changes in the regulatory. landscape. successfully me¢ling updates to the
Independent S¢l¥)ol Standards (Wal¢s), adapiin8 to Estyn's new school irLspection fraMeW￿rk. and complying with the
new requirement for all independeni sclKx)l ￿lff ￿ be ￿gI￿Cle￿ wilh the E41ucation Workforce Coun¢il, Wales.
Curriculum hnd sthffing development were an area of f￿￿$ this year. The SoLmds-Write literacy pro8ramme w&5
succe$5fully rolled out acros5 the Lower School. resulting in measuwable improvements in pupils, lit¢racy out￿m¢s. In
addition. the S¢hool iniioduced lh¢ UNICEF Rights R¢spectin8 Schools PrOgramn￿ throu8h a half-term initiative
delivered to a mixe&age group of pupils in Classes 6n and 819 during the summer t¢m). This ini¢iative ¢nhan¢ed
opportunities for pupil voi¢¢ and helped to ¢mb¢d rights-bwd praeti¢es within the School culture. The School
appointed a second Visiting Maths Tea¢her to Upper School. Their expertise Complements that of our ¢xisring t¢a¢her,
fiJnh¢r strength¢nin8 th¢ depth and breadth of mathematic5 education offered to our student5.
In June 2024. Ihe School welcomed its fini fvll Estyn inspe¢uon sin¢¢ 2016, conduci¢d l￿der th¢ new inspection
frameworL which place5 a Strong emphasi5 On pupils. experience5 and wellbeing. We are pleased to report that the
out¢om¢ w¥ very ￿SItiVe, with th¢ iN8pe¢tion r¢co8Thisin8 tmyh the stren#h of our educational provision and the unique
charncler of our School community.
Inspectors engaged extensively with pupibs through Cl￿8 observaiions. smajl gmup discussions, and infornial
conversations. Our pupils made aD ex¢epiiona] impression, with Esryn noting that:
"Pupils express them5elve5 clearty from an early age. speaking with both confiderKe and enthusiasm about their work.
developing into articulate and maiure S￿kers... with increasing sophisticaiion... and extrernely eonfidtnt when
engaging in robust d¢bate.-
Page 3

CARDIFF STEINER EARLY YEAILS CENTrE LTD (REGIsfERED NUMBER: 07998357)
Report ofthe Trntees
FOR THE YEAR ENDED 2yfH AUGUST 2024
This feedback reflvts not only the quality of ow teaching but aL50 the thoughtful. ¢onfiden( and engaged nature of our
learntTS. The pupils were a credit to the School. and we are grateful for their y)siiive and wholehearted participation
throughout the inspection. The report a150 recogni5ed the $Ch￿l.S ethos artd culture. descrjbjrtg us as a"."Happy,
cl¢)se-knit ¢ommunity where pupils, pernonal development and well-being are at the eentre of all the School's wtsrk."
Our we11*5tablishcd. adaptable curriculum was Comme[￿ed for 105terin8 a life-lon8 curiosity atld h)ve of learnin& with
teaching that encourages pupils to develop iTrdepth understandin8 across subj¢¢ts. Estyn highlighted $trong outeom¢s in
th¢ Certifi¢ate of St¢in¢r Education INZCSE). Iloting that pupils leav¢ the S¢hool w¢ll-pr¢pared for IM)th higher
education aTbd the world of work.
A parti¢ular positive of the inspection was Estyn'$ inviiation fw the s¢1￿01 to Ujntribute a case Stsjdy on our haT￿WOrk
and craft cu￿1Cul￿rn. Thi5 will be published as an example of 5ector-leading practice.
While the report was affirniin& it also provided valuable insights that have helped to shape our SchDoI Improvement
Plath. Areas identifi¢d for 41eveloprnent in¢lude." sirtngth¢tbing progression in maihematics- developing a clearer
ovemew of teachirbg. learning. and pupil PTogrtss over time." improving attendar)¢e for th minoTity of pupils. These
prioTitics are now being activefy addrt55cd and are inte8raied into our 51ratt8ic planning.
This year, our international community eoiitinu¢d tts grow attd thrive. The Sth)ol attra¢￿ att in¢rnsin8 nLtmber of
internation￿ visiting Students and families r¢locating to Cardiff from acr05S the UK aThd around thc world. As a T¢5uIt.
we are Proud to k horne to a diverse and vibrant faculty and sbjdent Fxidy, which reflects a wide range of cultural
backgrounds and experierKes. We Pfoudly identify as art intern￿10￿#1 Welsh School, rooied in local value5 thile
enriched by global p¢rsp¢¢tiv¢s. This divetsity Slrenwhens our Community aJLd broad¢ns the tducationa] experience for
all. Throughout th¢ year. we celebrdted our diverse ideniity through a variety of fe51ivals and events that honour the
¢ultures and traditions of our pupils and their familie4 fostering inclusion, ￿pe¢l and shared Unde￿anding.
Partnershhp working contim*d to make a meaningfijl ctinknbution ks IK>th pupil'prtsvision and stsff (kvelopment. As an
Accredited Provider of the New Zealand Certificate of Steiner Education (NZCSE). the SCI￿1 benefits from ongoin8
trainin8 in qualiry managemcnt Sy5terns IQMS) and quality-a55ured assessment prdctices. delivered by the Steiner
Education Dcvelopmertt Trust (SEDTI. which licenses the NZCSE. he Sch￿1 also benefitted from strong and
supportive relationship5 with other UK Steiner scknls delivering th¢ NZCSE. These partnerships fa¢ilitst¢d resource
sharing. joint moderation. and pmfessional dialogue, further enhanejng the ¢on5isiethcy and quality of our educational
provision. Jn addition. our ongoing ¢tsllalKJration with the Stekner Waldorf sch￿1$ Fellowship (Waldorf UK) provided
valuabl¢ opporttJniti¢s for advocacy, ts31thin& and developrncnt acr05S the wider Stcincr network.
The Tru5tee5 are deeply 8ratefvl for arM)iher year of groth, a¢hiev¢m¢nt. and shared wmmitrnent. We extend our
htartfelt thanks to the entLre School cornmunity. unwavering suppjrt and 8oodwill of our parents, the resilience and
enthusiasm of our stttd¢nts. and the dedic*ion and professionalism of our faculty and staff hav¢ all played a viial role in
enabling the SclKV)I to deliver our distinctive ¢JU￿10￿￿One thai is vibranL pursx)s¢ful. and r¢spon5ive io the individual
needs of eaeh child and young penon. Tog¢thei. we conlinue to uphold and enrich the values at the heart of our
educaiional mission.
Page 4

CARDIFF STEINER EARLY YEARS CEJYTRE LTD {RECISTERED NUMBER: 079*8357)
R¢pfrrt of th¢ Trwt¢
FOR THE YEAR ENDED 29TH AUGUST 2024
FINANCIAL REVIEW
Review or riTh*nc
These are ihe accounts for Cardiff Sieiner Early Years C¢nty¢ Limit¢d (CSEYC} from I S¢ptemb¢r 2023 to 31 August
2024.
General Fund
The main financial aim of the charity is ￿ ensure the nJNiing ¢os¢s of th¢ S¢hool a￿ by ¢ore in¢ome sources in
order to support the charitable aim5. These core incorne 50urce5 are fees and a small rental inC￿e from hire spaces.
The Stsiement of Financial Activities for the year slK)Ths a surpl￿ of £18.515 (£23.027 in the previous year) unrestricted
for incoming and expended resour¢es_ This is the eleventh successive year of surplus, and the Trus*es ¢onsider this a
800d achievement for the charity over a 5ustsined period of growth and cxpan5ion. and in a climate of sector. and wider
economic, ¢hall¢ng¢.
As a small school dedicated to social Inc1￿￿1Vity the charity pr￿jen1￿ manages finances to make a small surplus
$￿tricI¢￿t to mainthiN an appropriaie reser¥¢s fimd. This means thai the School is sensitive ￿ ihe current type of sector
and e¢onornic Challenge. The School ¢onlinued to a¢1 respoDsivety to mainthin its financial security through carefvl
monitoring and review of ouigoings, and wot*ing closely with parents io manage their fees payments and provide
payment options where a family's ability to pay in the immediaie temi was affe¢*d.
FinaTh¢ially the School's key chall¢nges this year w¢re absorbing the impaa of lower Kindergart¢n numbers. which were
impacted by Covid-19 and ils afternutK retsinin8 families in a difficuh economic clim￿t. and managing incre&sin8
Costs of overheads due to inflation.
The reduciion in admissions io Kindergarten was anticipa*d the 'Covid gap.. the inability to recruit pupils into
Kinder8arteTh and Parent and Toddler groups during the lockdowms from March 2020 ￿ July 2021, and was budgeted
for accordingly. Additional faetors include naiioThai demographic changes in this a8e range, parent5. ongoing ability 10
work from hotDe and care for their young rhildrtn. and financial pressure in the ¢COr￿mI¢ clitnate. A5 kty f¢cd-in
route to Kindergarten. the impact of this Wds anticipated to take until July 2024 to 'gTOW oui,. Initiatives to address this
(includin8 restrucDJring of Parent & Toddler groups and relationship building activiiies with Toddler Group families)
began to hav¢ an impa¢L Th¢ fiDaty¢ial stat¢ments sknw an in¢re2se in Kindergarten fees income by £10.684 on the
previous year. Admi55iO]LS into the main 5cknI ienuined Strong and helped miti8a* the financial Impact.
OveTheads weTe reviewed alld expenditure cartfvlly Tnanaged. Fotsd and service5 costs (insurance. training. software
etc.) saw particularly hi8h price incre&ses and these were negotiated where possible. Utility costs remain fixed untÈl
2025.
Total as5¢ts siand at £633,038 {£636,975 the PT¢ViOWS year) ¢omprising £4108,870 it) fix¢d assets and £224.168 in cash at
bank and in hand and debt owed to the Charity. The fixed asset redudion is due to depreciation. Ar￿unts falling due
Wlthin l year are £l21.540 (£124.843 the previows year). After arnounts failing due after more than one y¢ar and
d¢fery¢d grant income, the totsl funds of th¢ charity. ar¢ £328,175 (£308.175 unr¢stri¢ted and £20.0(M) restricted) up
from £309.660 the previous year.
FUTURE PLANS
The aims and key objectives for development * ihe end of the period in¢ludcd ￿ ensuwe the ongoing flnancial health of
the School durbng the planned January 2025 itrtroduction of VAT on fees for independent schools and the r¢moval
charitable rdtes relief; ￿ further Impro￿ the leaming envirownent with additional learning space in the second sta8e of
our building development prograrnmt and outdoor Space developmentr to fi￿er increase admissions into Kindergan¢n
by improved admissions and conversion activiry, and ￿ fvrthercot)solidate our delivery of the NZCSE.
STRUCTURE. GOVERNANCE AND MANAGEMEKr
Governlng doeumenl
The ¢harity is ¢ontrolled by its governing do¢umeni, a Memor￿UM and articles of a$S￿latIon. and ￿l$tituteS a limited
company. limited by guarantee. as defined by the CoTnpanie5 Act 2006.
Page 5

CARDIFF SfEINER EARLY YEARS CENTRE LTD {REGisfERED NUMBER: 07998357)
Report ofthe Tr¥t¢
FOR THE YEAR ENDED 29TH AUGUST 2024
STRUCTURE, COVERNANCE AND MANAGEMENT
Organisational struetUTe
Cardiff Steiner S¢hool is a self-administered. collalx)rativtly led institution. Its leadership is divided across three groups,
¢a¢h responsible for a specific realm of decision making - the Colleg¢ of TearheTS. the Board tsf Trustees and
Administration - with the SCIN￿} Managcmenl Team managing the on80ing operdtion5 and development of the scIK>OI.
Thi5 approach reflects the holistic nature of Stciner educ41ion, and while administratively more Complex, allows for
gr¢aier Communal r¢sp).nsibi1ity￿￿h U￿st￿V fLr thoughtful independence, upknlds its own work. rewgnises
where responsibilities overlap. undeTStand5 when an issue falls to arK)ther group. and w)rks with the other groups with
honesty and iniegrity.
The Board of TnJ5￿$- are respon$iblc for OV¢Tall govcrnancc and cany responsibility for the legal gty)d-stsnding and
financial w¢ll-bein8 of the 5chrKJl and ensure that thc chariry fvlfils its charitsble objectives.
The College- thr school doe5 not have a hcad teacher. but instead ttachers sharr rc5ponsibilities and wgether in a
icrarchical 'collegiate'. Thc Colle8e are rc5pon5iblt for pcda808ical governarKc- for matter5 that directly relale to
the cla5SToom and the teaching of the thildren. inclthling ￿dIg0gY, ¢I￿ricUluM developmenl &55essment and the
mentoring and evaluation of teoth¢rs.
Administr41ion- is mad¢ up of the S¢hty)l Administraiive Manager and ￿h0o1 Business Manager. Admit)istration have
r¢sFK)nsibility for finanr¢thu5ine5sladministratI￿ optration5. regulatory cornpliance. managing contart with outside
individuals and agencies, rnarketin8, ¢0mmunicati￿ thission￿en￿lMe￿ facilities aTrJ fvndraisingldevelopm¢ni.
The Sthool ManagenKnt Team (SMT) manages the on8OLng operations of the scho(Trl - crAYdin*inB, rnonitorin8 and
reviewing the implementation of the S¢hcol Dtvelopmeni and Improvements Plans and th¢ a¢tiviiies of the various
sphere5 of ihe s¢hool. Responsibility for monitorithg and evaluating the effe¢bveness of the overall School ImprOv￿nent
Plan is th¢ responsibility of the Board of Trustees. working wth the Sch￿1 Managernent Team. to ensure that the sch(M>l
delivers an inGIu5iv¢ and good quality of education in line with its charithble aims.
Other cross-group mandated Committees and tssk gmups have rcspDnsibility ftsr specific activities of the school. Each of
these operates as a mandated or delega*d woup under the direction of one of the atM)ve-mentioned IM)die5.
The Scknol Business Mana8er 15 dele8at¢d by the Trustees to deveknp and mamge finaTKial policies and pr￿lICeS for
the 5ch(K)l including the followng areas.
- managing financial policies arKI wxtices for the sch￿1
financial planning. bud8etin8 and monitoring
- annual b￿8¢¢ fe¢5, Salary and benefit review
- developing. mana&in8 and irnplementin8 the BuTSary Scheme
- fee debt collection
The S¢hool Busincss Manager reFw)rt5 direcily to the Tru￿t¢s, tho are responsible for the financial oversight of the
charity. with all trustees playing an active role in thi5.
Pa8e 6

CARDIFF STEINER EARLY YEAK8 CENfRE LTD (RECISTERED NUMBER: 07998357)
Report ofthe Tr￿*t￿$
FOR THE YEAR ENDED29TH AUCUST2024
STRUCTURE, GOVERNANCE AND MANAGEMENr
Risk rn*nagementlRu¢rv¢ fund
The trustees have a duty to identify and review the risks to wthi¢h the ¢harity is eX￿Sed and to tnsurt appropriate
ntrols are in place to wovide reawnable ￿$11[a￿ce a8aiDM fraud and error.
The Tn￿le¢S have reviewed the major risks to which the charity is exrKJsed. and Systems have b¢¢n ¢srablish¢d to
manage those risks. The main financial risk to th¢ eh3n.ty is ¢onsidered ￿ b¢ un¢xpe¢i¢d significoni toss of income or
unbudgeied expendi￿[¢. A5 a miligation measure for the introduction of VAT on school fees the School 15 using
recoverable VAT on purchases to provide bursary suprK¥rt for families WI￿ need help to trnDsiiion ro a VAT payable
posiiion. The impa¢t of VAT on school fees may also impact future s(￿Jent recruitment a5 parents corLSid¢r th¢
affordability tsf opting in to independent education at all intake p)ints. As a miti8ation the S¢knl is improving its
admissions processes, ¢nsuring li nurtures all leads aThJ prospects (￿]ch Temain strongl. with the aim of increasing th¢
conversÈon rate of enquirers tts enroller5. The School 15 also looking ai how 10 maximis¢ opw)rnJnities io attract
prospective par¢t)ts WI￿ may no longer be able io ¢onsid¢i fees of £20K with VAT at other local independeTht sch(KJl5.
To do so the sch(x)I ne¢ds ￿ provide ¢larity about the kind of education we provide. and deMoThstr￿e through alumni
Ihat our Sbjdents achieve arwj 80 on w do well in university and careers, byt •lso be ¢l¢ar whert we cannot 5LlPPOrt
specific pareni aspirations.
Total funds at year end were £328,175 {£308.175 unrestri¢kd aDd £20,00(> rtStyi¢t¢d) up from £309.660 the previous
year. This in¢ludes Unrestri¢￿ cash at bank and in haTwJ and debts owed to thE charity of £224.168 {£209.900 in th¢
previous year) repr¢s¢niing approximately 3.4 llK)nths ofcore operatin8 COSLS (3.4 mnths in the previous year).
Thc Trustees considtr thai given the str¢n8th of the ¢harity'S balance sheeL the careful a￿1 prudent monttoring of
finaD¢es, tog¢ther with sthble cash flow from fee5. effective mafkeiing and SThLd¢nt Te¢rni¢m¢ni a¢tivities. and the
available banking facility that can be called UFKJn if need arises. that there is llo ¢l￿Tellt need to build a larger cash
reserve in th¢ short *m). The T￿￿1¢¢$ re¢ommend thaL in order to miiigate fuiure risL th¢ charsty should wniinue io
work towards cstablishirbg cash rt5erves of net current ￿￿eLS of S months runnit)8 ￿$[$ within the nexi S years.
Pension Fund and Ltability
Thc Charity use NEST for their workplace pension sehem¢. NEST Is %1 up by the UK government and run by NEST
Corporaiion, a tKhn-departm¢nial publi¢ body. The charity deducts and pays pension contributions aDd keeps reituired
records of enTolrDenl. The P¢n5ion Fund paid into NEST ai year end iotslled £98.494 (£75,405 the p￿¥tou$ year).
Pa8e 7

CARDIFF STEINER EARLY YEARS CENTRE LTD {REGISTERED NUMBER: 079983571
Report of iht Trusttts
FOR THE YEAR ENDED 29TH AUGUST 21124
REFEREIYCE AND ADMINisfRATIVE DYfAIiS
Fixed knsetslProperty
The main fixed asset of the charity is the building and land as Cardiff Steiner khool. Hawthorn Road West.
The school carried out £40.190 of building mwnt¢nan¢e and rerwdls in the year (£38.118 in th¢ previous year)
including £26.045 to replace the School'5 boiler. flue and pump5 following ifs terniit)al failure in Febmary 2024. Thi8
liad been noted as end of life since a t¢mporary fwlvre in FebTU3ry 2022. The School used a trusted. local. small
contractor and s¢¢ur¢d thi5 al 41N50% below a￿r￿ge comrnercial costs for such. The new trA)iler has a minimum of 400h
incru5cd efficiency. Other wY)rks included fire safety improvement id¢ntifJed the external FiT¢ Risk Assessmeni,
water system remedial work identified in the external L¢gionella Risk A5SCS5ment, rcfurbishment of the new Clas5 1
classroom, drain repaiT5. garden improvcmcnts. refurbishment of some 5aThJed classr(N)m floors and decoration of
Cornmunal and external areas.
The s¢h¢Jol invested £10.293 in educational fixtures and equipment during the year, £3.288 of which has b¢¢n
capitalised in the financial statements. This included ¢h¢ fvll furnishing of thc new Clas5 1 cla55Toom. new Handwork
stools and equipmet>L pizza oven build. sandpit build. keyiY)ards and further investrneni in Jewellery makin8 equipment.
The asset value of ihe building ts ul¢ulated on the PUTchase cost plu$ the invcstrnent wc have made into the buildin8,
minlls d¢precsation. The osset valuc of the property at the end of the aceouniing period was £396,623 {down from
£411,029 the PTCVIOUS year due w depreciation) with Iiabiliii¢S of £139.299 (down from £148.925 the previous year) to
the Hennes Trust for the mortgage (￿thI at Y￿ end £89.2991 and Cardiff Council 1£50.0001 for delay¢d pur¢hase
payments. Toial fJx¢d assets were £408.870 {£427.075 the previous year}.
The rharity 15 in disc￿SsiOn with the local atsthority to agree stsged Payme￿ datrs of the delayed £50,000 building
purchase payments, all of which Cao be mei form the Schwl's reserves.
Credit Control
The a¢¢ounts show debts of £28.978 of sclKM)I fees 2nd hall bTre fees at year end {£17.678 the previous year). £25,364,
was from current families wth balan¢¢s outstanding at year end, £13,320 of thich has been recovered in fvll since, with
the balance on payment plans. £3.070 Wd5 historic debt from families who ljad left Scljool which have either been
r¢cov¢r¢d since or are on payment plans either direct with the s¢}￿1 or with our appointed debt collection provid¢rs.
The charity instrncts a debi eolle¢tion seryi¢¢ io ta¢kle historical debt and use their servi¢es on an ongoing basis to
recover any new debt arising when familie5 leave the school.
The charity made additional provision in this yur for £8.208 of fee5 debt. The majority of ihis has a payment plan in
place to repay rhe debt. wth the balance currtnily in discussion for a payment plan prior to debi ¢tsll¢ction. However,
the Trustees have taken a cautious approa¢h by &c¢oring thi5 in to the fjnancial starements. The ¢harity ¢ontinues to
pursue debi where provision has been made.
The School continues to act responsively to mairttairt the finarKial security of the Sch¢Jol through working ¢losely with
parents to manage iheii fe¢$ payments in a tbmety mart[￿. The charity recovers fees arrears from rurrent fY4milies. by
monitoring and th)tifi¢ation of 3rrcar5 during 1he year, and by yobust year end action. including a series of year end
reminders. to prompt the final Augu# monthly fees payment by year end on 3 I Au8USt.
BMrs•rylCharli*blt Bemefits
Th¢ charity's Tnjstees have had regard to the Charity Commissiort's guidart¢e on public benefit aTKI L*rried out
significant actLVtties undertaken to fvrther ¢harrtsble purposes for the public benefit.
As an educational charity all the iD¢orne of the charity must be appli¢d for edu¢aiional purwjses. In this year received
¢x¢mptjOl) 011 OUT educational activities {and on any investmenl income and 8ainsl provided these were applied for
ur charitable airns. As a charity, in this year. we were also entitled ￿ an 80V• re41uction on our b￿lnesS rates on the
property we o¢¢upy for OUT ¢haritabl¢ purtx)se5. The flnancial benefits we received from these tax exemptions were all
applied for educational purp)ses and indir¢¢ily helped us to maintain our bwsary and 5ubsidised fee5 schemes for
familEes on lower incomes. However. as an cducaiional chariry. we were unable to reclaim VAT input tax on our cosis in
this year as we wtre exempt for VAT purp)ses. We also pay t&¥ &5 an employef through the national iThsurdnce
contributions we make.
Page 8

CARDIFF STEINER EARLY YEAL8 CENTRE LTD (REGISTERED NUMBER: 117998357)
Ryrt ofthe Trwsttts
FOR THE YEAR ENDED 29TH AUGusf 2024
ln addhtional kn the very sub51antial benefits our S¢lw)ol brirtgs to (w pupils, the lo¢al Community and so¢iety through
the education we offer. our tmtysary and subsided fees programme. outreach and public events programme, provision of
faciliiies for public use and our ptssilion as an imwjrtant hyb for infomiatson ¢x¢hang¢ and besi pra¢ii¢e. means ihe
charity creates a so¢io10ss¢i without cosi to the Exchequer. The charity aim5 to be socially inclusive as it can.
treading a deli¢*e line bets¥ttn financial se¢uiity and a¢cessibility, by offering a rnng¢ of ¢haritabl¢ finat)¢ial dis¢ounts.
Financial support 15 offered to families via a bursary scheme and subsidised fees for familie5 on incorne5 under £4S.000.
It also offers an incorne-based staff fees discou￿1 schem¢ LO auraci ond rethin stsff. The Buw ￿h¢me offers support
to families on lower incomes and provides larger and additional discounts to the subsidised fee5.
During tht accounting period £68.534 awarded in ftts bursaries. subsidised fees to families on lower incomes. and
means tested discounts to parents who are paid stsff members (£42.244 in the previous yearl. This comprised £24.716 it)
subsidised fees (£23.535 ir> the previous year) £8 J45 In bLwsaTies (£3.681 in the previous year) and £35.272 in
means-*Med staff discounls (£15.027 in in ihe previous year). This represents 9.26 Y• of reltvant f¢e5 income. The
increase in 51aff di5coiinls was due io new full timt llaff joinin8 ihe Sch(x)I wilh children. or existing staff whose
¢hildren joitled the School in the year. A fijnher ￿1,030. was giveD in sibling dis¢owits (£49,140 in bn the previous
year) an Incre￿ due to a number of larger familic5iOLning the khool.
Th'e ¢harity plans to fvrthtr supN)rt its lyjrsary scherne by expanding its regulu giving scherne in the coming year. The
Trustees will continue to monitor ihe level of financial supwrt for families on lower incomes as the S¢hool grows, to
ensure it Is both ¢ompliant with the ChaTititt Act aTMI is abso Susthinable in terms of the overall financial p)stlion of the
¢h4rity.
The clwity provided oiher public benefit during the year in¢luding a pYogr•nme of visii mornings, open evenings.
musical and drarnatic performarKes. and Parent aTwJ Toddler Groups serving 30 local and re8ional families. The charity
supported the local cornmuThity by providing the building for publhc use of its comrnunity hire faciliiie5.
The School continued to act as an Importanl hub for shan.ng expertise ?￿j best pra¢ti¢e with other UK scTrw)ols. te8chers
and s¢udeni tea¢hers inierested in Steiner Waldorfeducation- with a nurnber of tea¢heT visits a￿j swdenl placements in
the School takin8 place in the year. Thi5 included visiting 8roups of local FE childcare students and tutors, and a
presentation by the School's Early Years Coordinawr at a local FE ¢oll¢ge. The School's Upper S¢hool Education
Coordinator continued to work with the Steiner Education Dtvelopment Trust (who rnana8e and develop the NZCSE).
to deliver trdining and 8uidance for other UK Stel￿r sclMM)Is. to deliver the certificate to their Upp¢r S¢hTh)Is.
Page 9

CARDIFF STEINER EARLY YEARS CENTRE LTD {REGISTERED NUMBER: W1998357)
Report Of lh¢ Tntstees
FOR THE YEAR ENDED 29TH AUGUST 2024
FUNDS HELD AS cusfoDIAN FOR OTHERS
Deposits
The charity maiTrtsins a separate de&￿It a¢¢ount for holding fees deposits. These reserve a child'5 place in the school
and cover any costs in the event of the Rc8iStrdtion and Contract between par¢nt and Cardiff Steiner School being
broken. The dep)sit is rctumable when a child leav￿ the sclK*)l as long as a full terni's rf>tr¢¢ has E¢en gjven in writing.
Deposits are intcrnally audited at year ¢tMI to ensure tha¢ fvnds held in the account COTf¢5ponded to those re¢orded in our
ac¢ounting system. At year end the ¢harity held £25,850 of de￿Sits for current familie5.
The TrI￿ee$ may explore the Opti￿ of a cash inve5tmEnt policy. for the dew)5lt fund5. and any fvture increase in ¢ash
reserves 8¢ner*ed.
PROFESSIONAL ADVISKRSVSERVICF
Professional aifvi5eTS1s¢rvi¢es io the tharity during the period as follows:
Accountants- Johns Jone5 & IA) Limited
BankeTS- The Cooperative Bank pl¢
Payroll Accountants- Dennis and Tumbull iAd
Pension Scheme- NEST workplace pcnsion
Debt CollectÈon- Rdwjod Collections L
TRUSTEES. RESPONSIBILITIES STATEMENT
Thc TTUStees (who are also the directors of Cardiff St¢in¢r Early Years Centre Ltsl for the purposes of company law) are
responsible for preparing the R¢port of the TTu#ees and the finan¢ial statements in a¢¢ordan¢e with appli¢able law and
United Kingdom Accountirtg Stsndards {United Kingdom Gcnenlty Accepted Accounting Prydctice).
Company law requires the trustees to prepa￿ financial statetTKnts for each financial year which &ryve a true and fair view
of the sthie of affairs of the charitable company and of ihe incoming resources and application of TesDurce5. including
the income and expenditure. of the charitsble cotxpany for perM)d. In prep*ing tlKJse firhan¢ial sktem¢nts. the
trustees are required to..
- select suitsble at¢oun¢ing policies and then apply them c4m￿lsten1ty-
- ob5crvc the method5 and principles in the Charity SORP:
- make judgements and estimal¢s tha¢ are reasonabl¢ and prudeni
- prepare the financial sta¢ern¢nts on the going corKern basis unless it 15 inappropriate to presume thai the charitsbl¢
company wll continue in busines5.
The Trustees are responsible for kttping proper a¢counting records which disclose with Ttasonable accurdcy #t any time
the financial position of ihe charitable Gompany and to enable them to erL5ure that the financial slatements comply wth
th¢ Co￿panieS A¢t 2006. They are also responsible for saf¢suarding th¢ assets of the charitable company and hence for
takin8 rea￿nable step5 for the pr¢veniion and ddeui(ffi of fraud and other irregularities.
This r¢port has b¢¢n prepored in accord￿¢¢ with the special provis*Jns of Part 15 of the Companies Ad 2006 Tel*ing
to small Companies.
Approved by order of the trM)ard of trustees on...
and 5ign¢d on its behalf by..
B A C Bowen. Trustee
Page 10

lTrd¢ptodtnt Examiner's RepDrt to Ihe Trusttts of
C*rdiff Steintr Early Yurs ce￿re LTD (RegI￿tTed number: 07998357)
Indep¢Dd¢nt ex*rniner'5 report to lh¢ Irusttts of Cardiff SteiDtr Early Years Ctntre LTD ('Ihe Company,)
I report to the charity iwsltts on my examination of the accounts of the CornpaNy for the year ended 29th August 2024.
Respon5ibilitie5 and basis of report
As th¢ ¢harity'S trustee5 Of the Cornpany (atwj also its directors lor the purp)ses of cornpany lawl you are re5pon5ible for
the preparation of the accounts in accordance wilh the r¢quirem¢nts of the Companies Act 21￿6 {'the 2006 Art).
Having satisfied myself that the acwuni$ of the Company are not required to be audited under Part 16 of the 2006 Aci
and are eli8ible for independ¢nL examinathon. I rew)rt in rtspcct of my cxaminatson of your charity'5 accounts a5 Ca￿led
out under Se¢tion 145 of the Charities A¢t 2011 ('the 201 l Act.). In carryin8 Out my examination I have followed the
Direction5 given by the Charity Commission under Section 14515) {b) of the 2011 ACL
Independent examiner's statement
Since your charitys 8ross income exceeded £250,0￿ your examiner must bc a rntmber of a listtd body. I can confirn?
ihat l am qualified to undertakc the cxamination because l atn a member of the In￿lt￿le of Chartered Accountants in
England and Wales, which 15 orÈe of the listed kndies.
I have completed rny examination. I confirn) that no matter5 have ￿rne to my attcntion in amncclion with the
examination giving me ¢aus¢ ￿ b¢lieve.'
accounrin8 records were not kept in respect ofthe Company as required by Section 386 of the 2006 Act" or
Ihe accounts do Ey)1 a¢¢ord with thos¢ re¢ord$" or
the accounts do not comply with the accountin8 rwuirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true aTrd fair view ￿1¢h is ￿ a matter considered part of an tndependeni
exarnination. or
the accounts have not been prepared in accordancc with the methods and prirKiplcs of tht Statement of
Re¢ommended Pra¢ii¢e for a¢¢ourtlithg and reporting by ch8ritJ¢s (applicabl¢ ￿ ¢hatities prtparing their a￿urtts
in accordance with thc Financial Rep)rting Standard applicablc in the UK and Republic of Irclar￿ {FRS 102)).
I have no ¢oD¢¢ms and have ¢om¢ no other Matte￿ in comlection with th¢ examit)ation ￿ whi¢h ary¢ntson should
be drawn in this report in order to cnablc a proper understanding of th¢ accounts to be reached.
Johns Jones and iAJ Lirnited
Page 11

CARDIFF sfEIiYER EARLY YEARS CENTRE LTD
St*teth¢ttt of FiTr*nti*l Attivities
FOR THE YEAR ENDED 29TH AUGusf 2024
2024
To¢a]
fur¥Js
2023
Total
fi￿d$
Unrestricted Restricted
od
fund
INCOME AND ENDOWMENTS FROM
Donation5 2nd legacies
635
9.794
10.429
12.957
ChAritabJt attivities
Parenr and toddler
School Fees
Kindergarten fees
Wraparound care
Hall hire
4,894
778.291
99.318
17.849
2.000
4,894
778,291
99Jl8
17,849
4.784
699.978
88.634
16.892
1,995
Other fundraisin8 activities
Other in¢0
5.346
39
5 J46
39
6.056
22
Total
J8.372
9,794
918.166
831,318
EXPENDITVRE ON
ChaTitable 8ctivititS
Pupil ExperLse
Esrablishment expense
Bursaries awarded
Sibling discounts
Administration expenses
Stsff costs
Staff discounts
Governance
Fundrai5in8 arKI publicity
86,371
82.378
8.545
61.079
29.940
562.505
35.272
3J60
7,749
86,371
82.378
8.545
61.079
29.940
562,505
35.272
3.360
7.749
66,022
75.648
3,681
49.140
33.141
524.101
24,104
3.241
6.997
Oth¢r
12.658
9.794
22,452
22,206
Total
889.857
9,794
899,651
808,281
NET INCOME
18.515
18,515
23,037
RECONCILIATION OF FUNDS
Total fund5 brought forward
289,660
20,0(A)
309.660
286.623
TOTAL FUNDS CARRIED FORWARD
308.175
20,000
328,175
309,660
The notes forn] part of these finan¢ial sthttments
Page 12

CARDIFF STEINER EARLY YEARS CENTRE LTD (REGisfERED NUMBER: •7998357)
et Slbe¢l
29TH Aucusf2024
2024
Totsl
funds
Unrestriaed
fund
Restri¢*d
fund
Total
fi]nds
￿￿e$
FIXED ASSETS
Tangible assets
303,456
105,414
408.870
427,075
CVRREiYf ASSE75
Debtor5
CLsh at bank and in hand
32.324
175,874
32.324
191.844
15,970
190,680
208.198
15.970
224.168
209,900
CREDITORS
Amounts falling due wiihin orK year
12
{121.540)
(121,540)
(124.843)
NET CURRENT ASSETS
86.658
15.970
102.628
85,057
TiyfAL ASSETS LESS CURRENT
LIABILITIES
390.114
121.384
511.498
512.132
CREDITORS
Amounts falling dy¢ after more than one y¢ar
13
(81.939)
(81,939>
(91296)
ACCRUALS AND DEFERRED INCOME
16
(101,384)
(101.384)
(111.176)
NET ASSETS
308.175
20.0
328.175
309.660
FUNDS
Unre51ricted fitnds
Resiri¢ied funds
17
308.175
20.OL
289.660
20.000
TOTAL FUNDS
328.175
309,660
The charitoble company is eniiiled to exemption from audit under Section 477 of thc Companies Act 2006 for the year
ended 29th August 2024.
The members have not required thc cornpany to obtsin an audit of its fijwicial sthtements for th¢ year end
29th August 2024 in accordance with Section 476 of the Companies Act 2(￿.
The trnsiees a¢knowledge their respJTh5ibilities for
(a)
ensurin8 that the charitable company keeps a¢￿tIng r￿(￿dS that comply with Sectkon5 J86 and 387 of th¢
Companies A¢1 2006 and
preparing financial statements which giv¢ a true and faw view of the sthte of affairs Of the charitable company as
at the end of each finarKiai year and of its surplu5 or defjcit for each rJnanci￿ year in accordan¢e wilh the
requirements of Sections 394 and 395 and which oth¢rwis¢ comply with the requirements of the Companies Act
2006 relatin8 to fman¢ial ststements, so far as appli￿1¢ io the charitable company.
(b)
The note5 forn part of these financial statemenis
Pag¢ 13

CARDIFF STEINER EARLY YEARS CENTRE LTD (REGisfERED NUMBER.. 079983S7)
Bahoce Sbeet- tonlinued
2yfH AUGUST 2024
These financial statements have been prepared in a¢￿Idance with the provisioJL% applicable to charitable rornpanie5
5ubj¢d to the small Companies regime.
The financial siatcments were approved by the Board of Trustees aThl #uthorised for issue
on
..17.las.Izs .
. atml w¢re sig￿d on tts behalf by..
B A C Bowen- Tnjstee
The notes fomi part of these financial ststernents
Pag¢ 14

CARDIFF STEINER EARLY YEARS CENTRE LTD
C*$h Flow St*temeat
FOR THE YEAR ENDED 29TH AUGU￿ 2(124
2024
2023
C95h llows (rom oper•ting attivities
Cash 8enera*d from operations
5.412
38.979
Net Cash provided by operdiing activilies
5.412
38.979
Cash now$ (rom inwestillg *¢tiviti
Purchase of tangible fixed assets
(4.248)
{15.099)
Net Cath us¢d in inve￿Ing activities
{4.248)
(15.099)
Change in cgsh gDd cash tquivAlents-
th¢ reporting period
Cash and cash equivfilents at the
beginning of ilbe re¥Klrt¥Trg ptriod
23.880
19).680
166.800
Cash cash ¢quiv•knts •t the ethd of
the reporting period
191,844
190.680
The notes form part of these financial srat¢m¢nts
Page 15

CARDIFF STEINER EARLY YEARS CE￿RE LII)
Notes to the CAsh Flow St*t¢me•t
FOR THE YEAR ENDED 29TH AUGUST2024
RECONCILIATION OF NET INCOME TO NET CASH FiK)W FROM OPERATKP4G AcfiviTIES
2024
2023
IYe¢ in¢ome for tht re￿rtIng period (•$ p¢rtht St#temen¢ •f FiMana*l
Attivities)
Adju5tment$ for:
Depreciaiion charges
Movement in cash and Cash equivalents
Incr¢a5e in d¢btors
Decre￿ in creditors
18,515
23,037
22,452
(12.534)
(13.1041
(9,917)
22.206
7,372
19,5551
14.081 }
cash provid￿ by op¢r*tions
5.412
38.979
ANALYSIS OF CHAIYGES IN NET FUNDS
At 30.8.23
Cash flow
At 29.8.24
Net Ush
Cash at bank and in hand
I￿•.680
1,164
191,844
190,680
1,164
191,844
Debt
Debts falling due wjihin l year
Debts falling du¢ aft¢r l year
{57.630)
(91.296)
(57,630)
(81.939)
9.357
(148,926>
9.357
(139,569)
Tot41
41.754
10.521
52.275
Th¢ no*s form part ofthe5e finan¢ial statenxnts
Page 16

CARDIFF sfEINER EARLY YEALS CE￿RE LTD
Notes ¢0 the FiD*nti&l &xtememts
FOR THE YEAR ENDED 29TH AUGUST 2024
ACCOUNTI]YC POLICIES
Basis of prepxring the fiThanti*l st*l¢ments
The financial statements of the charitable Company. which is a public benefit entity under FRS 102. have been
prepared in a¢¢ordanc¢ with the Finan¢ial Re￿rtIng Standard 102 ' Tr Financial Rep)rtin8 Standard 2ppli¢able
in the UK and Republic of Ireland, and the Companies Ari 2006 The financia] stst¢tn¢rtts have been prepared
urmler the histori￿ cost ¢onv¢nuon.
The preserrtation currerKy is £ sterling.
Ineome
All income 15 rec4)gnised in the Sratement of FitwKial Activities once the charity has entltlemeni to th¢ fimds, it
1$ probable that the inCOTne will bc received and the amouot catt be measured reliably.
Grant income received for the purchase of fixed assets b5 deferred and rele&qed to the profit and loss a¢couni io
match with the d¢preciaiion of the grant purchased &wt.
EXpendit￿re
Liabilitjes are recognised as cxpcnditure as soon as thewr is a legal or consiN¢tive obliwion committin8 the
charity lo that expendiiure, it is probable that a transfer of economtc benefits will be required in settlem¢thi and
the amount of the obligation eart b¢ m¢&wred reliably. Expethlitur¢ 1$ a¢¢ounted for on an at¢ruals basis and ha5
been classifi¢d undcr heading5 that aggr¢gate all rost related to lh¢ cale80ry. Wkr¢ c05t5 cannot be directly
#ttribuied to particular headings they havc be￿ allocated to activities on a basi5 C0Th5i5tent with the use of
re50urce5.
Tangibk fued issets
Depreciation is provid¢d at the foUowin8 aoThtal rates in order to wYi* off each asset ov¢r lis emimated useful
life.
Freehold buildings - Straighi line 49
Fixiures and fitting5- Strdight line 2￿A
Equipment- Strai8hi line lo%
The charity is exempt from corporfion thx on its charitable a¢iivities.
Unre51ricted funds ¢an b¢ used in a¢¢ordance with the ¢haritable obj¢¢tiv¢s at the discr¢iton of the trustees.
Restricted funds can only be used for particular restricted purp)ses wiihith the objects of thc charity. Restrictions
arise wthcn specified by the dotK)r or when fund$ are raised for parti¢ular restric￿d purposes.
Further explanation of th¢ n*ur¢ artd purw of exh fimd i$ I￿lUded it) the [￿e$ w the financial $tstemer￿.
DoDXted goods gnd 8trvites
Donai¢d goods atMI services (irtluding volunieer lime). are rtcognised in donation. and as expenditur¢
attrIb￿¢d to ihe relevant nature of the goods or service.
Page 17

CARDIFF sfEINER EARLY YEARS CENTRE LTD
Notes to the Financial StatemeDts- ¢ontiDwed
FOR THE YEAR ENDED 29TH AUGUST 2024
Dof4ATIOP4S AND LEGACIES
2024
2023
tkjnations
10.429
12,957
OTHER FUIYDRAISING AcriviYiEs
2024
Fairs
Other events and fvndraising
4.959
387
5.926
130
5,346
6,056
INCOME FROM CHARITABLE AcfiviTIES
2024
2023
Activity
Parent and toddler
Schwl Fets
Kindergarten fees
Parent artd ￿ddkr
School fees
Kindergarten fees
Wraparound care
Hall hir¢
4.894
778.291
99.318
17.849
2.000
4,784
699.978
88,634
16.892
1.995
Ha]1 hire
902,352
812,283
In¢l￿ded in unrestricted voluntary irt¢L¥ne aTe donations for maTketin& rnaintenance and Cleanin& valued at
£ML. (2023.. £NIL).
Donated markding services £NIU2023 £NIL)
Donated cleaning service5 £NIL (2023 £NIL)
Donated IT servi¢es £NIU2023 £NJL}
Donated maintenance Servi￿ £ML (2023 £NIL)
Gift aid amounted w £0 (2023.. £661).
Durin8 the ye¥ the Charity received ffstrid¢d donations and gTarti$ of £ML which were sr¢nd during the year.
An additional £9,794 deferred 8rani incorne (received 2017-18 and 2018-19} for the purchw of fixed wets,
w&$ rele￿d to the profit artd loss a¢¢ount to maich the (kpr¢riation of thc grant pUrCha￿d a55cI5.
Page 18

CARDIFF STEINER EARLY YEARS CENTRE LTD
Notes to tbe Financial StatewentJ- conlinwd
FOR THE YEAR ENDED 2yfH AUGvsf 2024
CHARITABLE AcllvftTIES COSTS
Direct
Costs
Pupil Expense
Estsblishment expense
Bursaries awarded
Sibling discounts
Administrdtion expenses
Staff ¢osts
Staff discounts
Governance
FundTaising and publicity
86.371
82.378
8,545
61.079
29,940
562.505
35.272
3,360
7.749
877.199
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) 1$ swed after ¢hwginglluediling):
2024
202i
Depreciation- owned assets
22,453
22,207
TRUSTEES. REMUP4ERATION AND BENEFtIS
The trustres did receive any Temunerdtion for their services as trusttts during the year.
Tru5tee5' expense
Tn￿tee$ received expense$ of £0 during tht period (2023 £NIL).
STAFF COSTS
Staff wJts during ihe year amounts
2024
2023
Wages aThJ salaries
Social security
Staff discounts
Staff training and development
515,983
43.213
35,272
3.309
481,321
24,103
5,497
The averd8e monthty number of employ¢es during the year was as follo￿.
2024
25
2023
26
All sthff
No employee received employee benefits of ftM)re than £60.00Q.
Page 19

CARDIFF STEINER EARLY YEARS CENTRE LTD
Notts to the FinxD¢iAI StAt¢m¢•ts- eontlDued
FOR THE YEAR ENDED 29TH AUGUST 2024
COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restri¢
fund
Total
funds
INCOME AND ENDOWMENTS FROM
D￿atiOnS and lega¢ies
3.163
9.794
12.957
ChgritAbl¢ •¢tiviti¢s
Parent ar￿ tr￿d]er
Sch(x)l Fees
Kindergarten fees
Wraparound ¢are
Hall hire
4.784
699.978
88.634
16.892
1.995
4.784
699,978
88.634
16.892
1,995
Other fuTKlrai5ing aclivitie5
Other income
6,056
6.056
22
Totsl
821,524
831,313
EXPENDITURE ON
ChAritAble activities
Pupil Expense
Estsbli5hment ¢xp¢n5e
BuT5aries avdrded
Sibling discourtts
Administration expenses
Staff costs
Staff discounts
Goveman¢¢
Fundrnising and publicity
66.022
75,648
3,681
49.140
33,141
524.101
24.104
3,241
6.997
66.022
75,648
3.681
49,140
33,141
524.101
24.104
3,241
6.997
Other
12,412
9,794
22,206
Totsl
798.487
9.794
808,281
NET INCOME
23.037
23,037
RECONCILIATION OF FUNDS
Total funds brought forward
266.623
20.(1)O
286.623
TOTAL FUNDS CARRIED FORWARD
289.660
20,
309.660
Pa8e 20

CARDIFF STEINER EARLY YEARS CENfRE LTD
Note5 10 the Stat¢mtnts- comliDued
FOR THE YEAR ENDED 29TH AUGUS[ 21124
TANCIBLE FIXED A&Sm
Fixlures
Fweellold
Plani aThJ
machinery
Computer
equipment
fittings
Totsl$
cosr
At 30th August 2023
Addition5
527.796
54.501
3.289
9,727
359
592.024
4.248
At 29th August 2024
528.396
57,7
10,086
596,272
DEPRECIATION
At 30th Augusi 2023
Charge for year
116.766
15.¢K16
44.109
6.637
4,074
164.949
22.453
810
Ai 2*h Augusi 2024
131,772
810
50,746
4,074
187,402
NET BOOK VALUE
Ai 2*h August 2024
396.624
(810)
6.012
408.870
At 2%h August 2023
411,03Q
10,392
5,653
427,075
Freehold Pro
The freehold property is in the opinion of the direthrs {trustees) a gener•1 asset of the company and is dKreforc
included in general funds. This trearneni follows the director5. opinion that the amount of re5tricied funds spent
on refwbishmen¢ ¢anTh)i be distiogui$bed from the rest of ihe s¢1￿1 property whi¢h is a part of the general fund
The freehold property include5 addition5 this perii)d from re5tri¢ted fund of £600 (2023-. 10.598) for
buildinglrefijrbishmetli ser¥i¢e$ at)d Yelated eos
Fixture5 and Fittin
Fixiures and fittings includes addilions this period from restri¢ied fijrtd of £5.397.56 (2023..£0).
Corn
uter
ui
ment
Computcr equipment include5 ￿dillonS this pcricrfl frorn Tcstricted fi]nd of £359. (2023..3.1201
All thc assets ￿re used for direcl charitsble Pur￿5¢5.
ii.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prtpayments
28,978
3.346
17,678
1.542
32,324
19,220
Page21

CARDIFF STElf4ER EARLY YEARS CENtRÈ LTD
Note5 t• the Fim*nci*l St*iemDtS- ¢OlItjDued
FOR THE YEAR ENDED 2YfH AUGUST 21124
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other loans {s¢¢ note 14)
Payments on account
Trade Creditors
Other ereditors
A¢cwed&xpenses
57,630
41.402
15.642
3,686
3,180
57.630
44,580
15,848
3.785
121,540
124.843
CREDrroRS: AMOUIYTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Other loan5 (see 14)
81.939
91,296
14.
LOANS
An analysis of th¢ marurity of loans is ￿'Ve￿ bEIow.
2024
2023
Amounts falling du¢ ￿thin one ye* oth demarhj..
Other102ns
57,630
57.630
Amounts falling betsveen one years..
Other loan5- 1-2 years
30.520
30.520
Amounis falling due in rnOTe than f￿¢ ytars:
Repayable by I￿talMents.
Other loans more 5yrs iAsthl
51,419
60,776
15.
SECURED DEBTS
The followit)g srfur¢d d¢bts grt irKluded within credil0f5.'
2024
2023
Other loans
139.569
148.926
Th¢ company has granted a charge on lis &ss¢ts to secuff cthr loan5 of £139.569 (£2023.. £148,926).
Page 22

CARDIFF sfEINER EARLY YEARS CENTRE LTD
Nola to tht Fimmcial StatemeTrts- tomtitithed
FOR THE YEAR ENDED 2YTH AVGUST 2024
16.
ACCRUALS AND DEFERRED INCOME
2024
2023
Deferred grants
IOlJ84
17.
MOVEMENT IN FUNDS
During the year the value of restricted funds utiliseA in the improvement or purch&8es of ￿ets amounted to £0
(2023 £13,717).
18.
RELATED PARTY DISCLOSURES
There were no related party transactio￿ for the year ermled 29th August 2024.
19.
MEMBERS
The CoMp￿Y has no share capitsl and is limiied by guara￿¢¢. The amount of the gu8rnTrtee is £2.
20.
MANACEMENT AND ADMINISTRATION OF THE CHARITY
Included govern¥ce expenw are in$p¢uion fees of£3,180 (2023 £3.OfKI)
21.
FUNDRAISING AND PUBLICITY AcrivrriFS
Fundrdising and publicÉty c05t5 (includcd in charitsble expe￿¢$) for the year aTrJunied to
2024
2023
Unr¢$tri¢icd
7.749
6,997
Pw23