2021-08-31-accounts - Stepping Stones Childcare (Cornwall)

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Page	1	Cover Sheet	Cover Sheet
Page	2	Contents
Page	3	Reference and Administration			Details
Pages	4 - 8	Trustees' Report
Page	9	Independent Examiner's Report
Page	10	Statement of Financial Actwibes
Page	11	Balance Sheet
Page	12 - 13	Note	1 Accounting Policies
Page	14	Note	1:Accounting Policies	(Cont. )
		Note	2:Voluntary Income
Page	15	Note	3.Other Activities
		Note	4. Investment Income
Page	16	Note	5:Incoming Resources	from Charitable		Activities
		Note	6 Other Income
		Note	7:Net Income/Expenditure		for the Year
		Note	8:Cost of Raising Funds
Page	17	Note	9:Analysis of Expenditure		on Charitable	Activities and support cost allocations
Page	18	Note	10:Staff Costs
		Note	11:Payments to Trustees
Page	19	Note	12 Tangible Fixed Assets
Page 20		Note	13:Debtors Amounts	falling due within		one year
		Note	14:Creditors: Amounts	falling due within		one year
		Note	15:Deferred Income

			Notes		2021		2020
				Unrestricted	Restricted	Total
Income from:
Donations and grant	funding			220	1,020	1,240	22,549
Other activities				1,830		1,830	1,559
Investments				4		4	43
Charitable activities				310,684		310,684	302,193
Other income
Total income				312738	1 020	313,758	326,344
Expenditure on:
Costs of raising funds				151		151	177
Charitable activities				312,188		312,188	330,747
Total expenditure				312,339		312,339	330,924
Net (expenditure)/income		and net
movement in funds				399	1,020	1,419	(4,580)
Total funds brought	forward			133,301	9,908	143,209	147,789
Total funds carried	forward		16	133,700	10,928	144,528	143,209

		2021	2021	2020
Donations			220	2,735
Grant Funding			1,020	19,814
Total				~22 549
Total voluntary	income was f1240	(2020. 522549) ofwhich F1020was restncted (2019510,980)
Grant income	received specifically	due to the Covid-19 pandemic	was received as follows

~DIN I Itl
~DI tl			Mount Charles	Scot Kensa
Jewellery sales			19	20	39
Name label commission			17	17	34
Profit on Sale ofChildren's	Uniform		15	15	30
Pirate day and name game			2	38	40
Easter competition			1	2	3
Sale of leavers stones			12	33	45
Chnstmas raffle and fundraising			350	412	762
Sale of peg people			7	15	22
Sale of bag tags			5	5	10
Bags2School clothes collection			167	166	333
Easyfundraismg			47	47	94
Halloween dress up day				16	16
Treasure hunt			30	40	70
Sale ofsurplus toys/equipment		at car boot sales	166	166	332
Tote I 2021			838	992	1,830
Total 2020			701	868	1669

Incomln	Resources from	Charl I A	viti
		Unrestricted	Restricted
		Funds	Funds	Total	2020
Childcare	fees charged	46,111		46,111	35,793
3 &4 YO	Grant funding	209,567		209,567	212,918
2 YO Grant funding		41,814		41,814	49,467
Additional	Grant funding	10,254	542	10,796	1,883
Milk Reimbursement		2,396		2,396	2,132
Total		310142	542	310,684	~302 193

Note	6	Other Income
							2021			2020
		Reimbursment	ofcosts
		SMP compensation
		Total
Note	7	Net incomel	Ex enditure	for	the	ear
		This is stated	aRer charging				2021			2020
		Depreoation					2,001			2,301
		Operating lease payments					6,	159		6,774
		Bank interest	payable					8
		Other mterest	payable					140		140
Note	8	Cost of raisin	fun s
							Mount		scol
							Charles		Kensa	Total
		Party in the Park expenses						54	54	108
		Purchase of peg dolls						8	8	16
		Purchase of items for Christmas			fundraising			12	15	27
		Total 2021						74	77	161
		Total 2020						80	97	177

Anal sis of E	x nditure	on Charitable Acti	vities
		Delivery	Support	Governance		2020
		Costs	Costs	Costs	Total	Total
Establishment	Costs	19,303			19,303	16,276
Labour Costs		189,631	62,400	11,742	263,773	284,532
General Costs		14,761	943		15,724	15,464
Administration	Costs		6,068		6,068	6,059
Other Costs			4,380	2,940	7,320	8,416
Total		223 716	73791	14,682	312,188	330747
Total 2020		228,299	79,894	22,664	330,747

made up o	fth	e following	.
				2021	2020
Proportion	of	managers'	salaries	11,742	19,9'l4
independent		exammers	fees	2,940	2,760
					~22 674

Staff Costs
		Unrestricted	Restricted
		Funds	Funds	Total	2020
Wages and	Salaries	254,368		254,368	274,503
Sooat secunty costs		6,228		6,228	6,499
Employers	Pension Costs	3,177		3,177	3,530
		263,773		263,773	284,632

Pension costs are allocated to	the activities in	proportion to	the relat	ed stafling	costs incurred
Monthl ayers enumberofem	lo eesinthe	earwereas	follows
			2021		2020
Chantable Actwrties				22	23
Administrators				6	6
				TP

		ix dA
Cost				b/f	Additions			c/f
Freehold		property		25,410				25,410
Property	improvements		Mount Charles	44,164				44,164
Property	improvements		Scol Kensa	34,111				34,111
Equipment		Mount Charles		12,573				12,573
Equipment		Scot Kensa		9.375				9,375
				126633				126,633
					Charge		for
				b/f	the	ear		c/f
Property	Improvements		Scol Kensa	7,464		1,402		8,866
Equipment		Mount Charles		11,772			267	12,039
Equipment		Seal Kensa		8,378			332	8.710
				27,614		2001		29616
WDV				b/f
Freehold		property		25,410				25,410
Property	improvements		Mount Charles	44,164				44,164
Property	improvements		Scol Kensa	26,647				25,245
Equipment		Mount Charles		801				534
Equipment		Scol Kensa		997				665
								96,018


Note13	Debtors	Amountsfallln	duewlthln			one	e r
									2021			2020
	Outstanding Fees
		Mount Charles						149			106
		Scol Kensa Caterpillars						966			103
		Scol Kensa Butterflies						298			1,316
		Scol Kensa Hokday		Club				1,318			281
									2,721			1,806
	Overpsyments to suppliers											1,262
	Prepayments								3,783			4,237
	Other debtors											79
	Total								6 66			7,384
Note 14	Creditors Amounts fallln			due	within	one	ear
									2021			2020
	Owing to suppliers								3,247			3,230
	Accruals								17,933			14,451
	Wages Owed
		Week 23							4,232			4,942
	PAYS Owed to HMRC								2,	161		2,049
	Pension	Contributions								139		169
	Fees received in advance								1,099
	Deferred	Income			Note	15						41,319
	Total								66			66,328
Note 15	~Df~rr	1~In om
									2021			2020
	Fundmg	received in advance										41,319

Movements ln Restricted an	Unrestricted	Funds
		Incoming	Outgoing		Balance
R~R	Balance b/f	resources	resources	Transfers	c/f
Disability Access Fund
Access to Learning			542
The Big Lottery	8,260		435		7,825
CCF Manor Farm	357		118		239
Pirate Trust	125		125
Coronavirus Wages Support		1,020	1,020
Tesco	1,166		295		871
	9,908	1,562	2,535		8,935
~dt Mt d	133,301	312,196	309,804		135,693
	143209	313768	312,339		144,628
		Incoming	Outgoing		Balance
Prior year	Balance b/f	resources	resources	Transfers	c/f
Restncted funds
Disabihty Access Fund		1,230	1,230
Access to Learning		653	653
The Big Lottery	8,695		435		8,260
CCF Manor Farm	535		178		357
Cornwall Council	158		158
Pirate Trust	125				125
Coronavirus Wages Support		9,814	9,814
Tesco		1 166			1,166
	9,513	12,863	12,468		9,908
Unrestricted funds	138,276	313,481	318,456		133,301
	147,789	328 344	330924		143209

Anal sls	of Net Assets b	etween Fund
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
Tangible	Fixed Assets	87,954	8,064	96,018
Current Assets		76,550	871	77,421
Creditors		(28,811)		(26,811)
		136,693	8,936	144828

		Unrestricted	Restricted	Total Funds
Prior year		Funds	Funda	2020
Tangible	Fixed Assets	89,402	8,617	98,019
Current Assets		111,517		111,517
Creditors		(66,328)		(66,328)
		134,691	8,617	143,208

under non-cancellable operatmg leases, whic	h fall due as follows.
	2021	2020
Within one year	6,159	6,159
Between two and five years	24,636	24,636
After five years	8	90,106
	114,742	120,901

Page	1	Cover Sheet
Page	2	Contents
Page	3	Total Profit and Loss Account
Page	4	Mount Charles Profit and Loss Account
Page	5	Seal Kensa Profit and Loss Account
Page	6	Emergency Care Profit and Loss Account
Page	7	Governance Costs Analysis
		Support Costs Analysis
Page	8	Other Income Analysis

				Ye	rEnde 31	stAU us	t2021
									2~02
Fees charged						46 1'l1			35,793
3 &4 YO Nursery	Education			Grant funding		209.567			212,918
2 YO Funding						41 814			49,467
Addsional fundmg						10796			1 883
							308288			300,061
Milk Reimbursement							2,396			2.132
Other Income							1,244			22 592
Fundraising Income							1 830			1 559
							313.758			326,344
M077LFAfitLExa.
Fundraising Purchases						151			177
OPERE
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Business Rates					12			123
Water Rates					843			471
Light and Heat					5 076			4.276
Buildings Insurance					1 373			1 373
Property Repairs					2,631			952
Rent					6,159			7,054
Secunty Costs Storage Costs					1,819 ~1590			655 1 372
						19303			16,276
Gross Wages					254,368			274,503
Employer's Nehonal		Insurance			6228			6,499
Employer's Pension		costs			3 177			3 530
						263,773			284,532
tituttttsLCmh
Catenng					2,877			2,999
Ccnsumables					4,868			3,421
Craft					400			699
Hohday Club expenses					531			189
Repairs end Renewals					1 271			1,387
Treiriiiig					1,337			1 108
Staff Uniform					37			473
Insurance					3,359			3,312
Subscnpbons end	Pubiicauons				906			1,668
Sundnes					137			55
Mileage					1			153
						15,724			15464
Postage and Stahonery					1,682			2,008
Telephone					1,947			1,607
Adverbsrng					166
Computer Expenses					2073			2444
									6,059
Bank Charges					1,644			1,602
Bank Interest					8
Other interest paid					140			140
Bad debts					587			1,733
Legal and Professional			Fees
Independent examlnahon					2,940			2,640
Deprecrahon					2 001			2 301
						7 320			8416
							312,339			330,924
surplus/feeflcltl	for the year						1 419			4560

							2021
~INC ME
Caterpillar room fees							14,018			20,531
2 YR FUlldiflg							18,598			24,400
Toddler group fees										429
Butterhy room fees 364 YR Nweery Education					Grant funding		8 329 137,302			3,605 127.967
Addhlonal funding							2,969			1.288
Hoedsy Club fees							10071			2 899
								I91,267			181,289
Mhk reimbursement								1,481			I 218
Other Income								516			11,899
Fundreising Inccme								992			858
								194,276			195,274
Q?225KEBLES
FUfldfalstrtg Purchases							77			97
E~EIPEN
Light end Hast						3,128			2,755
Property Repairs						2,411			304
Bugdlngs Insurance						252			252
S econ ty Coslii						1.372			439
Storage Costs						795			688
Rent						8159			7054
							14,115			11,490
LiiboUf Coals
Gross wages
Caterpglar				room		87,280			82,665
Toddler		group							862
Butterhy		room				83,380			89,047
Hohday		Club				15840			11 021
							166,500			183,595
Employer'4 National			Insurance			4,3t!2			4,449
Employer'8 Pensen		costs				2 132			2 368
							8,494			eels
tshahlal Coste
Catanng						I 702			I 726
Cons un soles						2 244			I 552
Craft						313			448
Hohdey Club expanses						531			189
Repairs and Renewals						968			882
Tlalitlftg						812			647
Staff Uniform						24			228
Insurance						1,531			1,511
Subscrlptlons and	Pubbcetions					420			1,026
Sundries						110			10
Mhsege						I			114
							e,ese			8,335
Admlnlstmtlon
Post808 8nd Stahoiieiy						1,062			I 107
Telephone						930			719
Advenlslng
Computer Expenses						1,422			I 489
							3,497			3,2g5
~c
Bank Charges						822
Batik Ilttefest						4
Othef lin8nist paid						70			70
Bed Debts						372			732
Legal imd Profssstoiial				fees
Independent Examination						1,470			1.320
Ditphictirkoil						I 734			I 901
							4 472			4 624
								203.811			218,451
Surplusf(oehchf	for		the year								23 I

	Year	Ended 31stAu ust 2 E~C»	021
		2021			2020
INCOME
Fees					98
3 &4 YO Funding					1455
2 YO Funding					1082
					2635
EXPENIIEE
Labour Costs
Gross wages				2,604
Employer's Pension costs				41
					2,645
~GI C
Catering				11
Consumables				103
Mileage				11
					125
					2,770
Surplus/(Deficit)	for the year		3		~133

				2021		2020
Independent Examination Legal and Professional Fees				2,940			2,760
Wages	Business	Manager (50%governance)		7,516		8,993
	Manager	(50%governance)		4,226		10,921
					11,742		19,914
Total					11,742		22,874
ac
Wages:	Administrator			12,821		11,990
	Finance	Assistant		17,802		14,948
	Administrative Assistants			4,673		5,317
	Assistant	Manager/Indusion	Co-ordinator	15,362		13,750
	Business	Manager (50%)		7,516		8,992
	Manager	(50%)		4,226		10,921
					62,400		65,918
					62,400		85,918

		Voluntary	Investment		Grant
Mount Charles		Income	Income		income	Total
Donations		191				191
HMRC Coronavirus	SSP rebate				535	535
Bank Interest						2
		191			535	728
Scol Kensa
Donations		29				29
HMRC Coronavirus	SSP rebate				485	485
Bank Interest				2		2
		29		2	485	516
Total		220		4	1,020	1,244