RECISTERED COMPANY NUMBER: 079983S7 (England W#les) REGISTERED CHARITY NUMBER: I149061 Report of the Trustees and unadited Financial St*tements for the Year EDded 29th August 2025 for CARDIFF STEINER EARLY YEAILS CENTRE LTD 11111 111 "AF2YV16X' 27105r2Q6 COMPANIES HC4JSE
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CARDIFF STEINER EARLY YEARS CENTRE LTD Contents ofthe Finaneil Statements FOR THE YEAR ENDED 2mi AUGUST 21125 Page Report of the TThste¢s I to 11 depeDdtnt Examiner'5 Report 12 St#temen¢ of Adlvities 13 Bglnee Sbeet 14 to 15 Cash Flow Statement 16 Notes to the Cash Flow St•temeit 17 Noteg to the Finan¢¥ St4¢emewts 18 to 24
CARDIFF STEINER EARLY YEARS CENThE LTD {REGISTERED NUMB£R: 07998357) Report ofthe Trwtefs FOR THE YEAR ENDED 29TH AUGusf 2D25 Th¢ TnL8teu of the charity ate also 015 of the C(npany fordY of Cdomwy law. TnL5tees who served during the yearand daw 0[apoI¢t as follows: Ms B A Bow¢n. chapu wiint¢d Oct 2020 (apEKMlltd ma 2012. rtrekction July 2015. May 2018. (ki 2020. July 2024) Dr K W Attfield ap)Inted Jun 2022 (apillIoJ July 2014. rededion Jul 2016. Aug 2019. Jun 2022, Jul 2025) Dr H D Evans apwnted Aug 2020 (ctropted Aug 2020, rdtified (kt 2020, re-elecii¢)n Aug 2023) Mr M A Flynn aplAted Jun 2022 (C0pted February 2019. Tatified AUE 2019. retlection Jun 2022. July 2024) Mr R kn'ghi appointed Feb 2022 (c(wted Feb 2022, rdtifial Jun 2022JE election Jul 2025) Ms F Wlu"ieside apwinted Apr 220 (cw7tryl 2020. r81ified Od 2020. re-¢leciioJ) Aug 2tr231 Prof J LewLS Co-opityj May 2025, tatified Jul 2025 Dr J J Green ctwted May 2025, ratified Jul 2025 Trusiee5 may be appoirtd by exisiing TnLStees or nominad ele£ted by the ¢hariW$ members ai the Annual GcTJeTal Mcetiug. Thr Board of T[¢5 evalue the CUTreni balat of 5kn"115. knowledge and expeTicnce on the Board in Seeking to recrnit any Trustee role5. TnteeS are interviewed and dcted in their role by existjng inL5tees. and ar¢ provided with a ytsi¢m¢ni of r¢swnsibiliii¢s. ijcli0Tr pack and inf1)rntion oth key wli¢i¢s, proc¢dur¢s and governing d(Uments. Truses uThJertake training &8 requue4L both individual rol4 orto the Board as a whole. OWEcfivES AND AcfiviTIES Objetdves of the eharlty "To advan¢e th¢ ¢ducation of childrEn and y(xmg peijpk atMI fnI]leS and individuals in WrdanCe with the educaiional pnn¢iples of Rudolf Sieiner.- The chan'tys mi&sion sthiemeDt is. We pro*ide an inspiring and nUrtllg cducation b&8ed on the principlcs of Rudolf Sieinei that ffspects each C"1d'S jnth.vithI development We serve the city of Cardiff and surrw)ding areas. aTh welcome children and familics from all culturdl attd religiou5 bxkgrounds. We Seek to fully interact with the wider ¢ornmwiiiy through projects and events. We offer a coMprehe'Ve child-centred edLub¢)n through p3r¢nt and chikl gmups. kthderganens and a offerts a livin Steiner ¢1¢1m. EVYthIng we undert¢ we strive io t ethi.cally. Co8¢10usIY and with inieKnty.° SignAfleaDt activities The Sch(xTrl succe&thilly tompletd its thirteenth ye&T of growtty and our fifth yesr yi]Ke offering a full Steiner Waldorf eduution fn)m age 3 to 18119. 2024-25 w&s the seventh ye4r of the Sch(x)l offering th¢ New Zand Cen]fica of Sttiner Education (NZCSE}.
CARDIFF STEINER EARLY YEARS CENniE LTD (REGAsfERED NUMBER: 07998357) Report of the Trustees FOR THE YEAR ENDED 2yfH AUGUST 2025 OWEcfivES AND AcfiviTILS Voluntttr5 and community Support The charity gY values and benefits frorn the exceptional c(jnMlltion made by our volunteer& Parents, staff, supw)rters and extended familiGs play an active and vithl le in the life of Cardiff Steinu S¢hfy)l. Their invaluable efforts inclltde organising and nmnin8 community evts, maintainin8 and tnhancll the sch(K)I grounds. 5UPPOrting pupils, learning both in the Classroom and on edtional trips, and leading fidill8 initiatives. In accordance with the Clarities SOR {FRS 102). the fuwicial Wal of thue voluntrer ¢otMribuiions is not recognised in the Staiem¢nt of Financia] Activiliw &8 it cannot be rehably JDeLwred ID monelary terms. However. the TnLStees remaiTh deq)ly gra1 foT this ongoing 8upwrL which fornis the b¢dr¢xkofixw S¢lNx)l community. Thi$ year, our Parent Reprcsentstives {Rep5} 5ucccthlly launched a Cardiff Steiru Community WhatsApp umbrella networK introducing cl&ss-specifi¢ and inlertsi-basa subgroups to enhance partntal connection. To ensure thcse digital 5pacr5 rcmain p)5itivc and scru. the Schwl Collaknd ¢kly with Reps to esth1 community self-regulalion guidelines alongside a f()nnal &Kial Media Comtnunication Policy. Thi5 proactsve wotk SUcfUllY 5afcguards the PTiva¢y, dIltY and wellbeing of staff and famili4 prov1d8 a clear frarnewi)rk for healthy, rewctful, and constNctive online engagemeni aGr05s Lw Commwiiry. The paTent.led Craft Group succe&sfully this year, offtring A welcoming, crntive sp&e for parents io cA)nrtt. This initiativc effectively str£n8thened cornrnunty ti&s. welconKd new farnilt&s, and encouraged wider pllrticipation in School life. A ttlajor higmight of the year was the fllst sch(x)I Ceilidh held iti April. IStigated by our teachiftg staff and supported by Parent Rep3, tlll's vibrallt ev1 brought togetkn pa14 siatt friends and alumni in a celcbrdtson of music. dance and shared community spiriL The ev1ng fe2tsJred a bTilli8nt live band ¢omprising curreni and fonner stsff. The event was 8 Jrsoundjng success. fostering a deq) sedw of c4)nne¢tsm and muiual rewt between staff aJNJ families. Feedoatk was overwhebnm8ly positive. underxry immeLYe value of shared cultura] and creatsve experiences. Last yeaes succe650Jl reinvigoration of the Garden Group demonstrated th¢ increth'bk impact of parent-led leadership and collabtiort. Following the 5uc¢essful ¢ompldion of its Phase I projecL a con5ttucuve feedba¢k exetCi5e pn)vided invaluable insights. for the futu. Build]DX dY oll tbese IGwns. pla5 att in pgr&S5 to launch its. Phase 2 project for revita]ising our outdoor Spa5. The Dext P brings tO8ether fxulty, mana8er5, parents and sbJdents under a Stnred framewoTk with designatrd fi]0] authority, clear health and safery prott)cols. and rlftgfenc resources, ensuring volunteers have the Creative firalom develop our outskny spaces while remainll fidly by clear lines of s¢lKK>I accountability and 5tskelK)Idcrsur4M Th¢ sucvss of tkn Anitiatives highli¥hts the of providing a diverse Tange of OprtunI"t$ foi our nununity to Moving fmward the Parn)i Representsiive5 and School Management Team are exploring a tiered approach to relational engagemenL incluts xc£&sibk, low-barrier entry points for bLLSy falllilies, such as irrfortnal coffee mornings and iornation-shaf]ng meetings, alongside more structure<L deeply involved pathways like the newly mandaied Garden Gr(MXP. By offering v101 levels of wicipation. we can reinforce shared sense of PUTP)se while allowing pamits to engage in wa? Lut match thew capacity. sia"Ils and creative Pa8e 2
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGisfERED NUMBER: 07998357 Report of the Trnsttt5 FOR THE YEAR ENDED 2yfH AUGusf 2(12S ACHIEVEMENTS AND PERFORMANCE Reiew of tiVItIeS Cardiff Steiner Sch(xTrl cootinucs to dcliveT a holistic education ill our p&J&goEical prI1p]eS, supw)rtin8 our pupils from Early Years thrwgh our UprKr Sch1 ai age 18119. Thi5 year marked the thirteenth anniversary of cdiff StCiTKr Early Year5 Ccntre Ltd - a cbatity foun&d in 2012 to w f(Yward a mission built on 15 yeats tsf prior SeSSful Kindergart¢n provisio Wbat begall a sinall PiODeer initiative ha5 successfully evolved into a tl]riving centsr of Striner Wal¢knf educatioo now prcwdly serving Childr and young pwple from binh age 19. Central io this jOkrn¢y is our UFver Scb(M)I qualificati(XL The Schwl fiY accredid aj licensed to offcr the New Zealand Certificate of Sit]er Educaiion (NZCSE) from LLvel I to L£vel 3 (ages 16 10 18119). This internau¢)nally recognised certiflcate is the first secolldary sclK)ol qualification fully based on the Steiner cuniculum. It stands as a robust alternaiive to A.Levels and the Intemalionai Baccalau14 is wised by UCAS, and is widely accepted by UK and inwnational universities. Rather than relyin8 on '8b-stakes, en&of-year a5ent in the NZCSE is cOntinuS, authentic and developrnentsl. Students are evaluated through thpth prDjects, Ptical worK w)rtfolio 51ents and oTrl presentations . methods that honour individual learning siyles and allow $tudwts demonstra their under$w1n¥ in varied. mean]ngful ways. Each ude graduates with a ¢1ve certthCa thai reflects their individual strengths and aTW of inieresl Across the Sch(y)l. our tracknng. and Sch1 Improvement Plan (SIP) nhetrics show tho1 the vast majority of our pupils are progressing well. meeting or exceeding naiioMI and curricular exrctations, within a nurturing, pujposeful and refleciive envirc8)rnL Educational Achievcrnents S(roDg Acadernic Progre55 ID the IA)wer School: TexlKr Point in Time Asses (prtA) inth"Gatr lu.ghly wsitive tr¢nd8, with th¢ vasl rnajority of pupi]s' meetmg or exceeding cxpectrd PfDgTtss in Nurneracy alld Literdcy. To ttiangulate these fjndings. the Schwl uulises WRAT screen1. whi¢h confums that our Lower School averages ren1n within or above eXted national nchMarkS . with pl£U]ar stru)gth demonstra1 in Yeadmg. Exeellent Upper School Outcomes: Our C¢ Level 2 sthdeDts showal strong capabiliry within the NZCSE framework. with the vast majority ren1n fwmly on track to a¢"eve their cMifiCa. and l(M)O/• having su¢ce&%fully secured their full UnIr5ty EntfaTKe {UE) NumeTaCy requiremo)ts. For the small minority facth¥ health. atnd8[e or learning challenges, the Sch(x)I proactivcly Icvcrd8C5 the flexibk illth"vi41ualistiJ pathwdy5 of t] NZQSE to SUPFOrt thewcontinuous progress and rat cuP Fiouri8hing Early Years: Our Kin(kwen continued to 8TDW a1 thri rnajority of our youngest learnu3 achieved styong edaU0nal outMe$, remai¥ firndy on trdck across pillars suth as cogniuve developmen( creative p]ay, alld knowledge of the wotl& Whtre mth"vidua] needs wue thtifiol the Kurgarten team h&y proaciiv¢ly wovided tar¥ eied suptx)rt withLD our nuTti¥ dady rhy Posldv¢ Cohort Integratlott: The Sch(x)I succtssfully welcomed atMI integrated a notsble numEtr of new pupils this year. particulaAy in our Mi ddle Sc1Kl cla¥ses. who have adapied well to the Schwl's etho& Sch1 Im Yement Plan ress Throughout the 202425 xademK year. the Scknl ma(k sigwficaDt Structu atKI peda¥o¥ical stsi(l¢s Igned with our sirategic PriOTiti¢s: Strengthening mathemati Provision: To secure core mathemarical fluthKy. a daily Maths Skn"Ils le&8on w&8 successfully established for 3-8. Tr Sch1 SUCC$fullY trialled a Structtl rnathematics curriculum to ern8ur¢ progression and cohere¢ across year wps. This apprwh has yiekled very positive results. Stsff began implementing Maths COThfi Auth"ts ty sup[rt studtsrt muyJseL alongsth tsrgeted teacher prDfessional devel¢)pment. Page 3
CAiU)IFF sfEINER EARLY YEARS CENTRE LTD IREGISTERED 141JMBER: 07998357) Report of the Trustees FOR THE YKAR ENDED 2yfH AUGU 2025 Elevating whole-schl ExlatiOns. ImwKtsnt progr w&¥ mth tn reinforcing high Standards for lean]1 and bebaviour. Regular learning watks, Ik scru(my and planning rcviews wcre coThJucted Lo maintsill high standards. Staff ujea0k profwional development Adaptive Teachm8 ts> refine differentsation, aion85ide se&sion5 reinforcing our P05ilive Learning and Presenthts"on of WO polici&% Rob¥st Leadership Monitoring FrneWorks. Lea(krthw struckn bave IML substantially streDgdKned to irnprove the oversight of pupil oui¢omes. The Educationa] C(X)rdIna (Edcom) meeling is now rMIY tablIShe(L and a Midd]e School Cwrduwor was apin d w e4thance the oversh1of Cla&w fvlo. Enhanc¢d Wellbei8 and Altend3Dc¢ Systems.. Key improvements were made to care and guidance systems. A ncw, weekly attendance data collcction proc¢s5 wa5 establL5hed. bxked by a clearly communicated Attendance Lntcrvention Pr(K&55. This strEngthEned the clarity. coThsistcncy and xcountability of attendance procedur&% across th¢ S¢lMyJI comrnunity. (hjr Community continues expand as a welcorning home for famili&s relocating frorn acr(5 the UK and around the gl(A)e. We proud]y identify an international We]sh h[Kl, d¢¢ply rwt¢d in our lo1 landwp¢, yet enTi¢hed by gl¢Y)al P3ctives. This healthy diversity broad the educaiioTd esperience for all. ThJw8hout the year. this dIVee ideniity is beau11llY woven into our seasonal fr51ivals. hoThJuw our fami"lias' unique tradition5 whilc f05tering a living culture of inclw%ion. rnutuat respect and sbwed Lthtsnding. Collaibxalive ptherships continue to significalltly rnricb our pupil pTh)visioll and staff dcvclopment. As an accredited provider of the New knland Certificate of Steiner Education INZCSE). the Sch(x)l trtfits from rigon)us quality.managcmerLt and a&ent trdining delivered by the IicerLsing Ixmly, the Steiner Education Development TnLSt (SEDT). Our sup[l¥C Trlationships with other UK Walthjrf hl$ delivering the NZCSE facilitate resource-sbanng, peer m(xleratson and professional dlogUe, etLsunng trLigh WASiStency across our Upptr S¢hool. Fumhellnote. our active ljaboration with Waldorf UK provid¢5 invajuabk (¢wrnnllties for adv(tacy. tlr training and development a¢r(S the wth S(einer wd0rfnetw0Tk The Tntte& are deeply grdieful for antmher yw of groth. achievemen( and shared conunitmenL We extend our heartfelt thanks to the entire SthcA)l ¢¢)nununity. The sUprt and EC111 of our parnits. the rtsilierte and enthu5ia5m of our sftjdents. amd the dedi11 aThJ prfi0na1isrn of our faculty and staff have all played a vital role in enabling the School to deliver our distinctive education - one that 15 lan[ purposeful, and respxjsive to the individual ne&b of each child and young peT50n. Together, we continue to urknold and enrith th¢ valu¢s at the heaff of our educational mi&sion. Page 4
CARDIFF STEINER EARLY YEARS CENfRE LTD (REGisfERED IYUMBER: 07998JS7)
Report of the Trustees
FOR THE YEAR ENDED 29TH AUGusf 2025
FINANCIAL REVIEW
Review of fi¢e%
These ar¢ th¢ for Cardiff Steitr Eatly Years Cethtse Limit (CSEYC) fmm I Sefftber 2024 to 31 Augusi
2025.
General Fund
The main financial aim of the charity is io eLwre the cort Yunning ¢wts of the Stho)l are met by Core income Sources in
order to support the ¢han"thble ain. These core income SOUT fres and a small rentsl income from lllre spacu.
Th¢ Sthiem¢ot of Financial A¢tiviti&s for year shows a wlu5 of £26,137 (£18,515 in the previous year) unres¢Tic¢
for incoming and expended [T. This is the twelfth successive year of sujpius. and the Trustees colder this a
glMKi achievemeni for the chan.ty ovet a Susthuxd pencd of gro and ¢xFonSio and in a ¢11¢ of sxwr. and wider
e¢onomi¢, challen¥e.
As a Small school dedicaied io social inclusivity the tharity prudethily manages finances to rnake a $mall sulp1$
suffi¢ient to maintain an appropnate reserves fund. This mea$ that the SCI1 ks sensitive to the cutteni type of secior
and economi¢ ¢haJleng¢. The Sch(x)I continucd to act re5pMYe]y to mainlain its fmancial secuTity through cateful
monitorin8 and review of outgoings. and w01ng closdy with parents to manage their fecs payrnents and providc
payrnent options whC a fatnills abilily pay in the IMMla (ern) was affttted
The Schcol's primary flljancial 11¢8¢ this yw Davi8atmg the itnplernentation and impact of the UK
Governments intrtthtion of 20°A VAT fets fton) January 21Y25.
To manage this transition proactively. the Sch1 n]xintaiMI trawaeni cK)mmutii¢atithh with parents the
auDJmn of 2024 as govemmenr policy, and the Sch(x)I's re5[x) this. solkdificd. A compreheTL%'ive parent SUTvey was
conducted to identify famili&s most vulnttable io the film101 pressure, allowing the Sch(x)I to develop a robust VAT
M3na¥ement Plan. Centlai to this 5tsaiegy was the intrcduciion of a new VAT Transition Bursary designed to supr
families at risk of leaving. Tht's schcme w&$ succe&sfully funded by rtt]aimmg VAT on the Schcol's eligible
capitsl and operational purchases.
In April 2025. the Trusfv approved and tommunicatrd a mcthsi fee increase of 2.8•/0 for the forthc¢)rning 2025-26
aGademi¢ year. aligning dIrllY with th¢ Consumer Price Index (CPI) at the thme. This Coe[VatiVe adjustsneni was a
deliberate ¥trdtt¥iG choice to cushion fan)ilies who had a]r• abyybed the January 2025 VAT dwJ¥e, priorilising
student re7110 at)v¢ au else dunn8 a volatik 0til¢ PttKKI.
This 2.8Q/o increase wojld noi accouni for £23.IYM) per annum in statutory cost irKreases'. specifically. a £13.500 per
atmum rise in employer National IrL$uTaJ contributio$ and a £IO,(KM) pressur¢ from th¢ 10s5 of charitable blL5155 rnte
relief {effecuve April 2025). Con%quendy, the fec adjtMent represen1 a contraction in rtal m)s'. The School
planned to absorb thebe ¥taiutory ov•theads in the slM)rt tern, utilising the budgetary 'cushion' generated by the 2025-26
fmancia] y¢ar. wkn'¢M due to our combinclaSS [eprtSen an alten)ating hL'gh¢r-enrolrnent year. The S¢h(x)I
intend¥ recoup the £23,000 sthiutory Shortfall by inumwatsng it into the sub5equen¢ yea fee review,
ensurin¥ lon¥.tenn viability withtym compromising c(YJDmUDity stsbility.
The School's suaiegy successfvlly procd alment kve15. with no cunent families leaving the Sch1 de solely u)
the introduction of VAT in the year.
A defin]"tive highlighi of the year was the excqjtional turnaround in our KUthallen admissions. culmi"naung in the
mii¢stone r£openin¥ of our second in sepmE¢r 2025. For several years, the Sch1 has had to absorb the
fll)ancial and opeMioDal ]mL of a "Covid Kap"_ a multi-ycar thline in eaAy years nwnbers SMming from the
irthility to eDrol In our Eatly Yeats during the 2020.2021 l(KkdO. This prtssll was compounded by national
demographic shifis, the rise of remote work& and widespread economi¢ coThstyaints. Anti¢ipating thai this cycle would
take until mid-2024 ro 1]Y work its way through, the SchiM)1 spent the 2024-25 year exttuting a mulii-jayered
sirdt¢gi¢ plan to rel1d our Early YeaTS foundati(o).
Through the dedicated efforts of our Admtssions and Kmdergrn te4ms, this f(Ku5ed work successfully reversed the
treTh¢ expanding enroimeut a r01ml 25 thildni and securing a s*ady piprline of tUre enquirie& Thi"s gro
allowed us to reve¥se the mrary cott801idaiion In a single Ki0rteD of 2022, and confidently relaujjch thc
second Kdergarten group fr[ September 2025.
Pag¢ 5
CARDiFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: (1799835T) Report of the Trnstee5 FOR THE YEAR ENDED 29rll AUGUST 2025 This ttmaround w&$ driven by three key strategic iniliatives uwlemenl over the year. Enhanced Lead NllrtUTing: We lntrcduI a highly pe(led admissions ioumey with teswke follow-up5 for all vi¥itor& Kindergarten teachers. UTthftk rraining cond1 sUprtIve caus. eDgagillg fatnilies in meaningful Convmatsons that Warn y guidsj them toward enroknenL DeepeDing Community Rdationsbips: We strUJgtl the vithl bridge between Parent & Tjd]er grDup5 and the main Kin(kr¥artcn throu8h shared 5tatrm8 and cr055-w>up visits. deepeTr5 early cont1)n$, aligns our pedagogical appro ensur&s SJDfKJ tkn tizDsition5 a1 sigDifiwidy in¥Jrov¢s athnk5Si0Th5 fOr&st] Unlocking Chijdcare FundiTrg: To ease ecc¥M)nll¢ PTe&wrts for familie5, we registered core Kindergarten hour3 as fornal childcare (extending our existing Wraparound Care registration). This unlocked fthther government fijnd childcare, making our Early Y ears education m¢)re accessible and affordable for workts)g families. These su¢¢e&sful strategies have only T&8iored our Kitthgarten nutnber5 but have vital] our Early Y¢aTS provisiotl. aU[l[l8 a thn"v]]]8, 5U5tsinable fouTMlation for the SclKM)I's long.ternL growth. Totsl Issds stand at £647,183 (£633,038 the prwous year} ctswising £391.452 in frd 455ets aTrJ £255.731 in cash at bank at in hand and debt oTrwoJ to the ¢han"ty. The rduction is due to depreciation. Arnounts falling due withm l year are £129.646 1£121.540 the previo8 year). After atnounts falling du¢ after m¢)r¢ than one year and deferred grdDt mcome, the total fuTMLs of the charity. are £354J12 (£334J12 unrestrtcted and £20,(x)O restrieied) up from £328,175 th¢ previous year. FLrruRE PLANS IA)oking ahe4(L the Sch(x)I's pnmary d¢ve1ment thje¢uves fwus on su5tsirring our financial resRliette. enFTrching iyjr campus environm¢nL ard contiouing (efme our disli¢¢1O pathways.. Long-Tenn Fln8neil Reslllence: Maintain the SchiK>I's flljancial health through plSe budgew managemen( ensuring we succc&sfully absorb the ongoing ststutory iJnpa¢ts of incTeasaJ National JnsurdJKe contributio% and the 1055 of charitsble busin ratc rel ief. Campu$ #nd Infrastructure Development: Fkn our physirni 1¢4rning ¢nvironm¢ni by advancing into the srfond phase of our building development progrdmme to sexure additi(al in&)r learni spaK alongside the purFK)seful development of our out(kK>r spxes. Early Years Su$tain*biiity: Capitali5c on w recajt adtni&%ion5 tUrnad by continuing target1 r¢cruittn¢nt and COIIVC15Loll 5t[ate¢S lo eTJ 5UfE 5UStainedgrowth a[ h"Lgh enTolment xro&s iM)th groups. Cllrriclllum EDrichrnent and Con501id4tiOD: Furthtr embtyj the delivery of the NZCSE by proactively leveraging its flexible. inth"vidualtsed pathway5. particularly the development of wxtic41 Appjied Lrarnmg mcdules. This will work in tandem with our ongoing rrfiTKmcnt of the Classcs &8 traLsition progran¢ 8t the enti¢hment of thc ClSt5 8-10 curriculum to ensure pupils remain d ¢¢ply ¢ngag&J and fvlly up SclxMTrl 5UCCtss. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity is controll¢d by its goveming dc<unl a rneThK)rurn and articks of &wLiatiryL, at)d cofystitcs a limited company. limitcd by 8uardnte4 defined by the CornpaDi¢S A¢i2(X)6. Page 6
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTKRKD NUMBER: 07998357) Report of the TrnJtttS FOR TIIE YEAR ENDED 29TH AUGUST 2025 STRucru. GOVERNANCE AND mANAGET Org¥Di&ztioDal SIrCtUre Cardiff S¢eitw School is a self.adrninistu&i coljaborartvely led itkstitution. Its leknhip is divided across three groups, each responsible lor a 4cIfiC rea]m of d"S1On makmg . the Education C]na[Or Grw). the Both of Tnlee$ and Administration . with the SclMK>I Managemeni Team managing the onuoiftg oallonS and developmerti of the sch1. This approach fleC1S the holisiic nattwe of Stelr eXIa00 and while adminisrraitvely more complex, allows for greatcr cotntDvnal resnsIbIlity. Each gTOUP Strives for thoughtful Jndep•thce. upholds Èts own wotk where rev81b111tteS ov¢Aap, under5thnds when an issue falls to ather group, and works with the other groups with hontsty and iniegrity. The Board of Trustees . are re5wMwble for overau govern?e al cany responsibility for th¢ kgai g¢xKI.stajjg and financial well-king o f the Sch1 artd eLsure thai the chan.ty fulfils its charithble objKiives. The Education CoDrdintors Grfjup th¢ kh(K)I noi have a IK41 her, but instead teachers sh8re responsibilities and work together in a non-h"et3rc.caI Structtur. The Education Cwftlinato Group are responsible for pedagogical governance - for rnatte45 that dirrctly re]ate to the classmom aThJ the leaching of the children. inCludB pedagogy, ¢urti¢ulum d¢velop[[. &sscssment and the mentoring and evaluation of teacher5. Admilli%tr#tioll . iy made up of the Schty)l Administratsve Manager and S¢hc)l Business Manager. Administrauon have resF4)nsibiliry for fllwLcejbLI4adTllltrdtiVe oa0. regulatory ¢ompliauct. contact with outside inth"viduals and agencies. maJkering. communi10$, thissiordenro]maLi facilities and fillKtraisinyJdevelopment. The School Management Te•m (smr) maDage5 the ongoing operatiOtL8 of the Schwl - coordinatin8. monitoring and reviewing the implementstion of the Sch(XFI Development and Improvemerts Plans and the activitits of the various spheres of the Schwl. Responsibility for moniring and evaluat]ng the effeciiveness of the overall School Improverneni Plan is the responsibi]ity of thc B(wd of Ttte5. W0)g with the School ManagtsnD)i TeartL to ensure thai the School delivers an inclusive aNI Iwality of educati in lir£ with its charitable aims. Other ¢ros¥-¥roup rnaT¥Jated comuutte&% and task have rtsyonsibdity for syecific lIVItieS of the School. Each of these oEerdtes as a marylated or d¢l¢¥aipAI ¥roup under the dittttson of otleof above.mentioned iKyJies. Tr Sch(x)l BusiTKSS Manager is deleghted by TnK%tres develop and manage financial policies ald practic for the Schwl ]ludIng the following ¥rAs. - managing fuwKial polictes and prd¢ti¢es for the sclM)ol - rllJaThcial planning, bud¥eling and ffloniloring - annual budgeL fees, salary a1 ben¢fit review . developing. managing a1 impl¢m¢niing th¢ Bursary Sch¢tne - allddebi collection The Schwl Business Manager rem directly the TnL5ttts. wl¥) gr¢ r¢4Vn5ibk for th¢ QV¢Tsi¥ht of th¢ charhty, with all trus*&8 playmg an aciive role in th Pag¢ 7
CAiiDIFF STEINER EARLY YEARS CENTRE LTD IREGISTERED IYUK8ER: 07998357) Report of the Trustee5 FOR THE YEAR ENDED 29TH AUGUST 21)25 STRUCTUR[ GOVERNANCE AND MANAGEMENT Risk m4nagemenVReserve fund The have a duty to tdentify and review the risks to which the charity is eXSed and to ensure awropriate The Trustees have teviewcd the rnajor risks to which the Charity is ex&wd and sysiems have been e5tsbllsh to rtwJa¥e th{ ri5k3. The main fujanc] Tisk tt> the thlty is consi¢knd to be unextrA silfICan[ 10&8 of income or unbudgetrd expendiThue. Total funds at year cnd were £354J12 (£334J12 unrestricbl and £20,1 re5tii¢t&l) up fm £328.175 the previous year. This incluths unrestri¢t&l ca¥h at bank aKI in hand and de owoj to the charity 01£255,731 (£224.168 ID th¢ previous yearl represeniing appioximaly 4.3 mollthsolcore (yeiating costs (3.7 m(Mths in th¢ pr¢vious y¢ar). The TrUS1$ Co1der thal given the strength of the charitys balance sheel the tful and pnthnt monitOTtng of finan, together with stable cafjh flow from fets. etsuve markding and Student rul1]n¢t actLVlti&s. and the available bathg facility thai ca]led upon if neaj an5e5, that there is no curteni need to build a larger cash serve in the short tcnn. The Ttr¢S rccomrncDd that, in order to mitigat¢ fiJtur¢ risK the ¢harity shId Continue work towards e¥tablishmgc&sh r¢serv¢5 of n¢t ¢urntass¢ts of 5 months run cc6ts withm the nex15 ye. Pension Fumd and Liability The Charity usc NEST for their workplace tJLSirn scheAne. NEST is W up by the UK govcrnmcnt and run by NEST Corw)rdtion, a non-&pathental wblic ty. The thariiy dCts pay5 Pr10 contributioThs alld keep5 required records of erwolment. Th¢ Pension Fwid paid into NEST al yearend totalled £130.785 (£98.494 the previ(MJS year). Page 8
CARDIFF sfEINER EARLY YEAIiS CENTRE LTD (REGwfERED NUMBER: 07998357) Report of the Trnsttts FOR THK YEAR ENDED 29TH AUGUST 2025 REFERENCE AND ADml$rAT1V6 DETAILS Fixed AssetslProperty The main fixal of the cFwity is the builthng and land knwn as Cardiff Siner ScIL Hawthorn Road WesL The Sch¢x)l ¢arried out £12,130 of buiidmg tnaillteDaDcc aud trnewals" in the year (£40.19) ID the ptevious year). wo8 included sanding classroom pitch pir¢ fl(x)r4 refurblsbnDl and redecordtion of Ty Haul 8j Ty Tan Clr[>0]S aj staff toilets. and renewal of outth)r shelts and p]aylxuses. The Schwl inVeSd £5,075 in educAtiODal fixtura and equiprnent during the ye4r. £1.705 of which has bten c¥itsli5ed in the fKId1 statements. This iNluded new sewing Dh]. ALN rixjm table and chai, Harxlwork printing equipmenL ouffk)or furniturA KInderV rugs aThl science cquipmthL The &ssel value of the builth.ng is Calculatrd on the wr¢h&s¢ ¢osi pl$ the investment we hav¢ made into the buddLn& Min d¢pr¢ciation. The &%set va]ue of the pY at the ejyl of the a(li1ng wiod was £382,059 ((IowiL from £396,623 the previous year due io (kpr¢ciatioll} with liabilities of £129.831(down from £139299 the previous year} io the HeTmes Tntst for the Morge (iotsl at y¢ar C1 £79.831) and card CoutKd (£50.OLK)) for delayed wtjllse payments. Totsl fixed assets were £391.449 (£408.870 the wevious year). Thc charity is in discussion with the local authority to agree SgeA1 payinent datrs of the delayed £50.000 buildin¥ PL1rch payinents, all of which can be mei fomi the Schwl's res¢rv¢s. Credit CoDirol The coun show dd)ts of £31.(1 of schLd fee5 and hall hite fees ai year ejxl (£28,978 th¢ p¥0$ year). £27,149 wab from ¢umt fomili¢s with balatt outstanding at year cn¢l £13.184 of which ha5 been VecoveI in full since. with the bala[ on paymeni plaLs. £3,912 was hiswric debt from families who had lefi the Sch(x)I which have either been Tecov¢red Since or are on payment pla either direci with the SchcKFI or with our app)in¢t ¢kbt coll¢ction providers. The ctwiiy a debr collection servic¢ io tackie hist{x1 debt and use their services on an Ongoll basis to recover any new debt atising when famili48 leAve the SchtK)l. The ¢ontsnu¢s to act r4>txLsively to maintsin the finatKia] security of the School through working closely with parents io manage their fees payments in a timely manDer. The charity recovets fees arrears from eutteni families by monitoring and notificaiion of arrears during the year. and by r(thst year end xtion, iluding a 5eri&% of year end remityters to prompt the final Au8LKSt monthly fe&% payment by yeara¥l on 31 AugusL Bur5arylCh#Titable BeThefils Th¢ charity's Trustees have had reg*d the Charity Commission's guidance on public benefit and carried out significant acUViti UDdertakn to furt]Kr its chan"table oSe5 foT the pubhc benefiL As an educatioDal cbAll"ty all the Inc4)n of the chaTiry b¢ appli¢d for c41011 purtthe5. In this year we received exemption on (w tAlucational activitic5 {and on any illvesknellt itlcome and Bal$) provided these were applied for our charitable aims. A¥ a ch7. in this year unul April 2025, we were entitled to au 80/• reduction on our business raies on ts pri)perty we occupy for our chan"tsble pury)(. The fUwic1 nefits we [e1v from the8¢ lax exempiJoThs were all applied for educational plup and indirectly help&J us maintain our bursary aThJ subsidised fees schernes for familie5 on lower income5. However. as an edwi10 charity. we were unable to reclaim VAT input x ¢)n our ¢o$ts until January 2025. We ai%> pay tax as an employer thrnigh the Alonal insu contributions we In adth"lional w the Yery substantial benefits our S¢Fwl brings to pupils. tbe community and socfftety through the ¢dation we offer, our buriary and sulm.ded fees prograjnme, wtreach and wblic events programm¢, provision of facilities for public use our position &s an important hub for inforntiOn exchan8c attd best praciice. means charity t£S a social &wt witlM)ut cost the Exchequer. The charity ain]s be as 1allY inclusive it can, treading a delicate line between fmancial securiry and aCC]bIlity. by offering a rdn8c of charitsble fKial diseounts. Financial $upFK>rt is offered to families via a buw scheme subsidised fees for families on incornes under £45,(X)O. It also offer5 an income.basoJ sthff fees diswunt scheme to attract and retain Staff. The Bursary 5cime offer5 SUPFKSrt to families lower iJKomes and ptovide5 lat8et and &&th"uonal discounts th¢ 5Ut6idLwJ f¢¢s.
CARDIFF STEINER EARLY YEARS CENTRE LTD OiKGISTERED NUMBER: 11799835T) Report of the Trust FOR THE YEAR ENDED 29TH AUGUST 2025 During the accounting penod £71.803 w&5 awarded in re bursaries. subsidised feu to families on lower incomes, and means ed disclts to parenLs wlKTr are pajd sthff members (£68.534 in the previous year). This compnsed £ £24,633 in sub5idi5ed (£24,716 in the PIEVIO% year) £13.IA18 in bur5aTie5 (£8.545 in the yrvious yearl and £32,842 mtans-tcsted stsff discounts (£35272 in in the previo ye4rl. This TeweSULts 9.1 Yti of Teleydnt fee5 income. A further £81280 was given in 5ibh.ng dtsc4xth¢s (£61.079 in the p[¢Vio year) an increas¢ du¢ to a nurnttr of larger families jOill5n¥ the S¢h(K>l. The charity plans to fiuther suly its bursary hem¢ by ¢xpMndiDg its Tegular giving 5oh¢m¢. The Trwtees will continue to monitor the level of ftha1 $Upk for families on lower inc( as the School gTOW& to ensure it is both cornpliant with the Ctwities Act a1 is a]so slaInable in tcnns of the ovcnil finla] p051tion of thc chan"ty. The charity provid other public benefir during the year includThg a programme of visit mornings, OF¢n evenings, musical and dyamatic wfom)anw and Pamll and Tc¥ldler Grw stivttig 30 lttal and reOn families. The chan.ly supw)rted the local community by provithng the building for public use of its cornrnunity hire faciliti&s. The School conti[tu xt a5 art imporfani hub for 5haTing exptrTr aThJ be51 prn¢ti¢e with other UK schools. tea¢has and student achers inrtsted in Steirter Waldorf educatioll - with a of teacber visits and sttht placements in the Sch(N)I taking place in the year. This included visitiDg groups of l¢Kal FE childcare students and thtors, attd presentstion by the S¢h¢y)I's EaTly Ye5 C(M)Tdinats)r at a kyal FE college. The S¢h(KTrl's Upper Sch¢x)l EthtIon CoordInar continued to woth with the Steiner Educthion DeveJopmo)i Tftl (W manage and develop the NZCSE). to deliver training andgwdance forother UK Sintr Sthx) deliver clfa to theix UFper Schools. 10
CARDIFF STEINER EARLY YEARS CENTRE LTD (REcisfERKD NUMBER: 07998357) RepDrtof the Trustees FOR THE YEAR ENDED 2yfH AUGUST 2025 FUNDS HELD AS cusfoDtAN FOR OTHERS Deposits The charity MaInts a wrate dqxjsit ac¢(4Lnt for holding feGs deTM)sits. These reserve a chl'ld's place in the Sch(M)I and cover any costs. in the event of the Contract between paruli and Cardiff Steiner Sclbx>l being broken Th¢ dep)sit is returthle when a child l&qv&s the Sch1 as long as a full tctm's nlee has been givetl in wriw. Deposils are internally audited al year end io ensure thai fvnds held in the xc¢xlltt co[r£5 to Én Iw acc(NJrtting system. At year end the charity held £39.079 of deFrf>sits fly farnili¢s. The Trustees may explore the optii)n of a cath iDve5tnJellt p)licy. foT th¢ d¢pm"t fund5. and any fvrure iwrease in cash PROFE&SIONAL ADVISEILSISERVICLS Professional advi5Cf51servitts io the ¢hariiy dunng the period were as follow5: Accountsnis- JohDS J(me¥ & Lo Limited Bankers. The Cooperative Bank plc Payroll Accountanis. D¢nnis atKI Turnbjll Ltd Pension Scheme- NEST w0P1aCt Th8]Qn schone Debt Collection. RJw01 Colle¢tsons Lld TRUSTEES. RESPONSIBILITIES sfATEMENT The Tnts*&% (who are also the dir15 of Cardiff Sieiner Early Years CeDtre for the puw of c¢)mpany law) are r¢S)nSIble for PTrpanng the Rep)rt of the Truste&% and the financial sthtrnts in accordan¢e with applicable law and United Kmgdom Aw(XLntin¥ {United King(knm GerdIlY Accepied Accounting Pr&ti¢e). Company law requ the prepare fm9181 sw¢meDts for exh financial year which give a true and fair view of the sthte of affair5 of the chan"thble company and of th¢ irKorniDg resources ard application of resources, including the income and expendkture, of the chan"tsble company for thai In ptepatmg those finawial swtemen¢s. the stees are required to.. - select suitsbk xcounting wTrlicics and thcn 4Jply thcm coLsistcntly' - obsrrye the methods and principles the Charity SOR,. . make jud8ements' and esiiTnates thai are rea8onable and pntyJenL' . prepare the fmancial statements on the goin8 COTJcern basts unkss it is inarwriate presume the charitoble company will ¢¢)ntinu¢ in blLS1S5. The Tnstecs are rew5Lble for keeping proper xcoyntstig rx<Kds which dixlose with rea9)Dabie accLfdCy at any tim¢ tbe r]nan¢hal wsiiion of the charithble compally and to enable them ensure that the fuwKia] thMen. Comply with the Companies Aci 2006. They ate also twntsible for safeKuatdin¥ the assets. of the chan"tsble company and hence for kjng reasonable steps for the Prevention and detection of fraud and other irregularitKs. This rerth has b¢¢n prepared in accLYdartt with 5pccial PTvvisions of Part IS of the Compames Act 2006 rclatin8 to small ¢ompanies. Approved by iYthrof the board of trustets on.......................... .. &]d $id on its behalf by: TnLStee IA-TÉ kTTFIÉL Pa8cII
Independ¢Trt ExamiDer'5 Report to the Truste¢5 of Canllff Steiner Early Years Centre LTD (Registered number: 07998357) Indeptndent examiner's rtport to the trustees of CardifTSteiner rAY Year5 Centre LTD ('the Comp4ny') L report to the chan'ty trusteas OD tlly examination of the accowjts of the Company for the yearended 29th August 2025. Respons1 ilities and basis of report As the ¢haTiWs trustets of the Cornpany {atyJ also its dirertors for the PryS of company law) you are re5PmStble for the PTtpardtion ofthc in accord with the rtquiffmoits of the Companies Act 2(NJ6 Cthe 2006 Acr>. Having Satisfi myself that the ac¢c4mLS of the Company are not Tg4uir¢d b¢ audited under Part 16 of the 21M)6 Act and are ¢IlbIe for indqKDdent examin10. I re in rewi of my examinaiion of yow charity's axounts as carried out UT¥Jer Section 145 of Chariti&% Act 2011 CthE 2011 ACV). kn caThYS (NJt my examination I have followed the DiTectioTrs given by the clw1tycommi1Qn under StIon 145{5) (b) of 2011 ACL IndepeDdtntexarniner'5 Statement Sinc¢ your tharitls gr(w inwn¢ ¢xceeded £250,LKM) y(w eXam1r [Dl be a member of a listed Edy. l confllin that l am qualified undertake the examination bttwse l am a member of the InGu"tute of chartu A¢untants in England and Wale& which is one of the listed iKpJia8. I have completed my examinatii)n. I confjrni that mattas have comc to rny attention in connection with the exaTnination giving rnc Gawc ¢0 bc11". ccounting records were not kqyt in rwt of th¢ Company &s requir¢d by Section 386 of the 2006 Act" or the accounts do not pKci)rd with th(W Twd4' or the acrounts th) noi Comply with the acc(Mmting ViTeMents of Stttion 396 of the 26 Ac¢ other than any requircment that the accounts 8ivc a true and fair view which 15 not a tter c<)Ldered a5 part of an independent ¢xatninati<)n' or the a¢counts have not been prepared in accordw with the methods and PTI1pS of th¢ Stat¢m¢nt of Recotnmended PtaGti¢e fot a¢118 and ryttsng by clwitie* (aCable to ¢haTitiV6 prq)ating their accounts in acc4)rdance with the FinaDCia] Rqx)rting St8ndaTd 4plicable iti the UK and Republic of Ireland (FRS 102)). be drawn in this in order to ethle a prow of tlx xcounts to Ix TexF Johns Jon¢5 Date.. Pa8e 12
CARDIFF STEINER EARLY YEARS CENTRK LTD Stxtement of FiD•nrial Arlivities FOR THE YEAR ENDED 29TH AUGUST 20Z5 2025 Totsl 2024 Total funds Untestricd fid R&srricd fid Nos INCOME AND ENDOWMENTS FROM Donations aThl lega¢ies 418 7.857 8275 10.429 Charitable actiities Par¢nt and toddler S¢knl Fees Kindcr¥arten fe Wraparound care Hall hire 5.875 732,394 101.087 12.374 1.950 5.875 732,394 101.087 12.374 .950 4.894 778.291 99,318 17.849 2,0(X) Other futhisin8 activilic5 Other income 8.603 8.707 8.603 8,707 5.346 39 Tot81 871.408 7.857 879265 918.166 EXPENDITURE ON Charitable activities Pupil Expense EstsblishmcTJt cxpcnse Butwies awarded Sib]u th¥counts A<hninistrduon expeoses Staff cts Stsff discounts Governance Funthaising and publicity 48.173 56,762 13.608 81280 35.620 553.029 32.842 2.760 8,747 48,173 56,762 13.608 81,280 35.620 553,029 32.842 2.760 8,747 86.371 82,378 8.545 61.079 29.940 562.505 35,272 3.360 7,749 Other 12.450 7.857 20.307 22.452 845271 7.857 853.128 899,651 NET INCOME 2&137 26.137 18.515 RECONCILIATION OF FUNDS Toial funds broughi forward 308,175 20.(#J) 328,175 31W,660 TOTAL FUNDS CARRIED FORWARD 334J12 20.( 354,312 328.175 Page 13
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGISTERED NUMBER: 07998357) B8laDre Sheet IH AUGUST 2025 2025 2024 TolAI Unr65tricted Restrict1 Note5 FIXED AssErs Tangtble a&%e 10 293.896 97,556 391.452 408.870 CUIUIENT ASSETS DebtOf5 Cath atbank a1 in halld 36,076 203,682 36,076 219,655 32.324 191,844 15.973 239.758 15,973 255,731 224,168 CREDITORS Amounts falling thL¢ within on¢ year 12 {129.646) (129.646) (121,540) NET CURRENT ASSETS 110.112 15,973 126.085 102,628 TOTAL ASSE13 LESS CURRENT LIABJLITILS 404.(Y)8 113.529 517.537 511,498 CREDITORS Arnounts fal]ing due after more than yrar 13 <69.696) (69.696) (81,939) ACCRUALS AND DEFERRED INCOME 16 193J29) (93,529) (IOlJ84) r4ET $sET5 334J12 20.IK 354,312 328,175 FUNDS UTrr¢stri¢ted fiuH Restrictol fund8 17 334,312 20,(K)O 308.175 20,(KK) TOTAL FUNDS 354,312 328.175 The ¢haTithk compally is entided w eXOnpts frthi audit 477 of the Compani¢5 Act 26 for the year ellded 29th August 2025. The membcrs have not reqUtAl the company obfain an audii of its knial state[ts for the year cnded 29th August 2025 in a¢¢ordance with Se¢knon476 of the Compamas Act 2(M)6. The trustees acknowledge tbeir resKK)Dsibilitic% for (a) ensuring that the charitable company k¢rys xc(wnung that cA)mply with Stttions 386 and 387 of the Companies Act 2(M)6 and prepanng fInala1 statents which give a true and fair view of tht State of affairs of the chan"table company a5 ai the end o( each financial year and of its surplus or deficit for each fmartial year in accoidance with the requirements of S¢cii¢)ns 394 and 395 and which otheThw comply with the rquirements of the COmFnI¢S Acl 2(K16 r¢lating to financial g) far&s a4)plicabk to the chan"tablecompaDy. Ib) Page 14
CARDIFF STEINER EARLY YEARS CENTRE LTD (REGisfERED NUMBER: 079983 BthDce Sheel- continued 2yfH AUGusf ziJ25 These fmancial swements have been pryhred in with the provi5ioTts applicable io charitable corn Subject to the small Com[lle5 regllne. Thc fanCIal 5tatcnJents were approved by the Board of Tne¢S and authorised for issue on .. and werc siglled on its bebalf by: Trustee KfrTC hTTFleLD Page 15
CARDIFF STEINER EARLY YEARS CENTRE LTD Cajh Flow StatemeDI FOR THE YEAR ENDED 29TH AUGUST 2025 21r25 2024 Cash flows Irom t)per*lin8 activiti Cash ge]atrd frorn irymtions 30.699 5,412 Net c&sh provide by opera¢ing activitie 30,699 5.412 Cash flows from investing A1ville$ Purchase of rangible fLxed assets (2,888) 14.248) Net cash used in inVGSting activiti&s {2.888) (4248) Change in cash and cash eqmivilents Sn the reporting period Cash 8nd ush equivalents 81 the beginning of the reporting period 27,811 1,164 191.844 190.680 Cash gnd cash eqwivalemts at the end of the reporting period 219.655 191,844 The notts f(m part of thtse financial 5tstements Pag¢ 16
CARDiFF STEINER EARLY YEARS CENTRE LTD Notes to the Cash FIDW Ststemtnt FOR THE YEAR ENDED 2yfH AUGUST 2(125 RECONCILIATION OF NET INCOME TO NET CASH FLDW FROM OPERATING ACTIVITIES 2025 2024 Net income for tbe reporthhg peri (as per the Sement of FiDaDci*I Aeiivities) Adjustments for: Depreciaiion charges Movement in c&th aThJ cash equivalents re&se in debtot5 26.137 18.515 20.307 (3,9161 13.752) (8.077) 22,452 (12,534) (13.104) {9,917) Net cx$h prnwlded by optradws 30.699 5.412 ANALYSIS OF CHANGFS IN NET FUNDS AI 30.8.24 Cash flow At 29.8.25 Nti cash Ch ai bank and in hand 191.8H 27.811 219.655 191.844 27.811 219,655 Debt Debts fallin¥ due within E year Debts falling due aftff l ycaT (57,630) (81.939) (2.505) 12.243 (60,135) (69.696) (139.569) 9,738 (129.831) Total 52275 37.549 89.324 Tr notes fomi pan of these fina181 statements Page 17
CARDIFF STEINER EABLY YEAR5 CENTRE LTD Notes lo the Financial Statemettts FOR THE YEAR ENDED 29TH AUGUST 2025 ACCOUNTING POLICIES Bas1$ of prepariDg Ihe financial sttemethts The fUJarLa1 stalements of the charitable company. which is a publi¢ bu)efit entity under FRS 102, have been prepared in accordaC with thc Financial RepoTWng Stsndard 102 ' The Flnancial Reportlng Standard applicable in the UK and Republic of Irelaud and the Compawts Act 21K)6 ThE fiDancial statements have been prepar1 under the tLi5torical cost ¢onv¢ntioL Tr present0 ¢UTrew is £ 5terlin& Ail income ts recogmsed in the Ststement of Fioancial Activitic5 QtKe the chan.ty has eDtitlem¢nt to the fiuKLs, it is PTobable that the incoryK will b¢ T¢1%1 aThl the amount can be measured relthly. Grani income received for the ch&e of fix a5 is defrrred aThJ rele to the profit and 10&8 account to match with the depreciation of the gfdnt Expenditure Liabilities aJe recogtiIs ex"tu 35 Sn thete is a legal or c1xJstiv¢ obligatson Committing the charity to that expenditure, it is probable that a transf of economic brits will be settlement and the amount of the obligation can be mea5ur•l reliably. Expu)thtttye is acc(wJnte4J for on an aEcrua15 ba5LS and has clwified under lThditigs that aggregate all cost lated to thc category. WThere costs cannoi E¢ dirextly attnbuted to partiGular headings tly have becn allocd to xtiYitse8 on a b&sis c0Th5iStent with the use of TAngible fixed ets Depreciation is pTomd at the followin8 annual Tates in to writ¢ off asset over its eStinteA usefvl life. Free1]d buiidmgs . Straight lin¢ 4D/• Fixtures and fillings- Straight ]ille 20% Equipment- Straighi line I/ Taxatton The charity i5 cxcmpt frDm corixjiation lax on its chatitabl¢ a¢tivitie& Fund accounting Unre5triCted fithds can t¢ used in with the charitsble I)bitIveS at the dix[lon of the trte¢& R&stricted funds can only be u%d for particulw reskncted pvrp(Ks withm the obJecLs of th¢ tharity. iiestrictions arise when speCifd by the doTr)r or when fi¢15 arc rdj for partscular Ttrictl purwaes. Furtber exp1atlOn of the and puw of each fund is Includ in the to the financial Stst¢mer& DoDHted go3 And services Donated goods and seTViCC5 (including voluntetr time). aff rwi5eAJ in dL¥HtMM4 al Shown as ¢xpenditure attributed io the Telewdnt natUTC of the ¥ryA50r servi Pa8e 18
CARDIFF STEINER EARLY YEARS CENTRE LTD Notes to the Fin#ncil Ststet))ents- continued FOR THE YEAR ENDED 29TH AUGUST 2025 DONATIONS AND LEGACIES 2025 2024 Donauons 8275 10,429 OTHER FUNDRAISING AcfiviTILS 2025 2(r24 Fairs Otherevents and futsJrni8ing 8555 48 4.959 387 8.603 5,346 INCOME FROM CIIAIUTABLE ACTIVATAES 2025 2024 Aciivity Parent t(Kkller Sch(x)l Fees Parent and tsle[ School ftts Kindergarten f Wrdparourd care 5.875 732.394 101,087 12,374 1950 4.894 778.291 99,318 17,849 H1 hire H1 hitE 853,680 902,352 Kluded in unrestri¢d volunwy inCe aR donatio% for marketing. maintenance and cleanmg. valued £NIL. {224.. £NIL). th)n¢d marketing services £N[LI224 £NIL) tk)nated ¢leaning services £NIL (2024 £NIL} Donaied IT services £NIU2¢f24 £NIL) rknnaied mainienance services £NIL {2W24 £NIL) Gift aid amounted io £0 (2024.. £0). During the year the Chan"ty received restricted d(ti{ and grdnts of £NIL (2024 £NIL) An additional £7,857 deferred grani inwne (receiv 2017-18 and 2018-19) for the purchafe of fLKed assets, was rel&qsed to the profit and account 10 Inatch the deilOn of the grani Chased ass¢ts. Page 19
CARDIFF STEINER EARLY YEARS CENTrE LTD J¥oteJ to the Fin*neial Statennts- CODtiTrved FOR THE YEAR ENDED 2yrH AUGusf 2025 CHARITABLE ACTIVITIES cosrs Direct CosLs Pupil Exrrtnse Estsblishmeni expense Bursari&s awarded Sibling th5counts Administratson expenscs Staff c05Ls Stsff th"sCOts 48,173 56,762 13.608 81.280 35,620 553,029 32.842 2.760 8.747 Fundraising and publicity 832.821 NET INCOMFJIKXPEIYDITURE) Nel income/(expeThth"ture) is statoj after CTrWgll[¢rtdi1lti): 2025 2024 20.305 22,453 TRUSTEES. REMUNERATION AND BENEFITS Trust¢fs' ¢xpen5¢5 TnJst¢e5 re1Ved exrrtnse5 of £0 duringthe pericd12024 £NIL). STAFF COSTS Staff costs dunng the yearamounts 2025 2024 Wages aTJd salari&8 Social sKurity Staff dl'scounts Staff trayning and development 501J30 44,171 32,842 7,528 515.983 43.213 35,272 The averdge monthly numberof employtts the year w&% &8 ftiliows.. 2025 2024 25 All No employee rKeived employee Lfits of more than £j,l¥). Pa8e 20
CARDAFF STEINER EARLY YEARS CENTRE LTD Notes to the 4¢11 Statements- contiDlled FOR THE YEAR ENDED 29TH AUGUST 21125 COhlPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES UrLrestricied R&8trictcd Total INCOME LND ENDOWMENTS FROM Donaiionb and legacies 635 9.794 10,429 Charitabk activities Parent a1 i(Mkller School Fe£s KitLdergarteD feas Wraparound carE 4.894 778291 99J18 17.849 4.894 778.291 99,318 17,849 2.000 Hall hiTe Other fundraising actiyilies 5J46 39 5J46 39 908,372 9,794 918,166 KXPENDITUR£ ON Charitsble 8etivities Pupil ExperL8e E%tablishmeni expense Bursaries awarded Sibling dJ"scounL4 86J71 82J78 8,545 61.079 29.940 562.505 35272 3J60 7.749 86,37E 82,378 8,545 61,079 29,940 562.505 35272 3.360 7,749 Staff costs Staff discounts Govemance FLLDthaisiDg atwj publicity 12.658 9.794 21452 T 889.857 9.794 899,651 NET INCOME 18,515 18515 IiECONCILL4TION OF FUNDS Tothl fimd8 broughi forward 289.6 20.(KM) 309.660 T(WTAL FiJNDS CARRIED FORWARD 308,175 20.(KM) 328.175 Page 21
CARDIFF STEINER EARLY YEARS CENTRE LTD Notes to the Finnciat Statements- eontlnued FOR THE YEAR ENDED 29TH AUGUST 2025 io. TANGIBLE FLXED ASSETS Fixturts FreeRK)id Compu ¢quipmenl COST AI Joth Augwst 2024 Adth"Éion5 528.396 461 57.789 1,706 10,086 721 596,271 2.888 Ai 29th Auwst 2025 528.857 59.495 10,807 599,159 DEPRECIATION At 30th August 2024 Charge for year 131,772 15,024 50,746 4,402 4,884 879 187,402 20,305 At 29th August 2025 146.796 55.148 5.763 207.707 NET BOOK VALUE At 29th Augwst 2025 382.061 4347 391.452 At 29th August 2024 396,624 7,043 5,202 408,869 The freehold propErry is in the opinion of the diredors (rnjsttts) a general of the company and is therefore included in general fijnds. Thi$ treatment follows the d]reaors' opmm thai the amount of restric funds spent on refurbtslkment caTllkn)i be d15tinguL51Kd from the rr5t of the prqxrty wlu.ch 15 a part of the generdl fund The freehold prDperty includes additions this pcti(Ml rGstricted ful of £0 (2024: 600) for buildinglrefiwbi5hrn¢nt Servi aThl related cos1& dFi Fixre$ and filting$ includ¢s a(liiion$ this p¢ri(xl from T¢StrithJ of £0 (2024:£3289). COM1¢re9u1peI iTh¢luths thi5 PEri(Ki from restri fiujd of £0 (2024.. £359) Ail the assets weJE UStd foT cl)an"table FAW. DEwfoRS: AMOUN73 FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtot5 VAT Pr¢paJin¢nts 31.061 1,109 28,978 3.346 36.076 32,324 PaBC 22
CARDIFF sfEINER EARLY YEARS CENTRE LTD Notes to the Financil StatemeDts- continthed FOR THE YEAR ENDED 29TH AUGUST 202S 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other loans (see note 14) Payments on account Trade creditor5 Othercreditors Accrued expens 60,135 47.225 15.261 3.785 3,240 57,630 41.402 15.642 3,686 3.180 129.646 121,540 13. CREDITORS: AMOUNTS FALLll¥C DUE AFTER MORE THAN ONE YEAR 2025 2024 Other loms {8¢e no 14) 69.696 81.939 14. LOANS An alySiS of th¢ matiuity of loaTrs is giv¢n below: 2W25 2024 ArnOts failing due within one year on Other lo3$ 60,135 57,630 AmoLmts falling be one Yea.. Other loaS. 1.2 ycar5 40.540 30,520 Amounts fallmg due in more than five yews.. Rerable by iD%tsimts': (Xhcr loAns morE 5yTS ital 29.156 51.419 15. SECURED DEFrs The following secured ddjts are inclu(kd within creditw.. 2025 224 129,831 139,509 The company has grani¢d a charge on its a5ts to Se other k)ans of £129.831 {£2024.. £139,569). Page 23
CARDIFF sfEINER EARLY YEABS CENTRE LTD Notes to the F5DanCi St•teJnents- eontIne FOR THE YEAR EI¥DED 29TH AUGUST 2025 ACCRUALS AND DEFERRED INCOME 21x25 2024 93,529 101,384 17. MOVEMENT AN FUNDS During the year the value of rtttrictoj fimds utsltsed in the improvanent or purch of assets amounted to £0 (2024.. £0). I& RKLATED PARTY DISCLOSURF TrTe were no relaioj party trantiOnS for the yearended 29th Augusi 2025. 19. iKEMBERS The company has no share capitsl and is limiied by guarantre. The amount of the guaranle¢ 15 £2. 20. MANAGEMENf Af4D ADMII¥ISTRATION OF THE CIIARrrY Included kn governance exp&)ses are inssxciion fees of£3240 (2W24 £3,180) zi. FUNDRAISING AND PUBLICITY AcfiviTIES FundraisiDg aNI publicity Costs (included in chaTitsbie expew5) for the yearallK)unted to 2025 2024 untriCt¢d 8,747 7,749 Page 24