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FIRST STEPS NURSERY

Registered charity 1181057 · accounts filings on the Charity Commission register · also known as FIRST STEPS NURSERIES, MEITHRINFEYDD CAMAU CYNTAF

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Latest income
£1.5m
Latest spending
£1.4m
Registered
2018
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held unrestricted reserves of £243,582 and designated funds of £174,257, totaling £417,839 in net assets at the year end. The trustees report a healthy financial position, noting that reserves are sufficient to meet outstanding expenditure and maintain up to six months of reserves as per their policy. The charity generated a net surplus of £17,614 for the year, supported by charitable activity income of £1,382,428.

What the accounts disclose

Reserves policy: up to six months reserves (held: £418k)
“The Charity’s policy on reserves is that ideally up to six months reserves are maintained at any one time in the current account. This is sufficient to meet all outstanding expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity received income of £712,085 from Camau Cyntaf i Ddysgu (CCID), with £130,150 owed at year-end. A trustee of the charity is also a director of CCID.
“The charity received the following income from CCID during the year: Income £712,085. Money owing from CCID on 31 August 2025 is included under debtors in the accounts and the balance at the year-end was £130,150. A trustee of the charity is also a director of CCID.” — page 20
“A trustee of the charity is employed by Rees Astley who is the insurance broker for First Steps Nursery. All transactions with Rees Astley were made at arm’s length and under normal trading conditions. The trustee did not profit personally from the insurance policies taken out by the charity.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: A trustee is employed by Rees Astley, the charity's insurance broker. Transactions were at arm's length and the trustee did not profit personally.
“The charity received the following income from CCID during the year: Income £712,085. Money owing from CCID on 31 August 2025 is included under debtors in the accounts and the balance at the year-end was £130,150. A trustee of the charity is also a director of CCID.” — page 20
“A trustee of the charity is employed by Rees Astley who is the insurance broker for First Steps Nursery. All transactions with Rees Astley were made at arm’s length and under normal trading conditions. The trustee did not profit personally from the insurance policies taken out by the charity.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Llyr James Chartered Certified Accountants and Registered Auditors. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.5m
Total spending
£1.4m
Reserves (reported)
£420k
Employees
70

Reported reserves equal ~3.5 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£1.5m£1.4m
31/08/2024£1.4m£1.6m
31/08/2023£1.3m£1.3m
31/08/2022£1.1m£1.0m
31/08/2021£1.0m£878k

Common questions

Is FIRST STEPS NURSERY financially healthy?

The accounts state that the charity held unrestricted reserves of £243,582 and designated funds of £174,257, totaling £417,839 in net assets at the year end. The trustees report a healthy financial position, noting that reserves are sufficient to meet outstanding expenditure and maintain up to six months of reserves as per their policy. The charity generated a net surplus of £17,614 for the year, supported by charitable activity income of £1,382,428. Its FY2025 accounts were audited by Llyr James Chartered Certified Accountants and Registered Auditors.