CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110912019 Perlod start date 3110812020 Period end date Charlty name: Major Steps Childcare Charity registratlon number: 1163764 Objectives and Activities SORP Teferente Para 1.17 Summary of the purposes of the charity as sel out in its governing document Offering appropTiate play, education and care, family learning and extended hours groups, together with the right of parents lo lake responsibility for and lo become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability. Encourage the study of the needs of such children and Iheir families and promoling public interest in and reco nition of such needs. Major Steps childcare has continued to provide childcare for children from birth until they start school. We also provide breakfast and after school care for children of primary school age. Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services Identified in the accounts. Statement confirming whether the trustees have had regard to the guidance issued by Ihe Charity Commission on public benefit Para 1.17 and fj.19 Parn 1.18 We are aware of Ihe Charity Commission's guidance on public benefit and all decisions are made with this in mind. Additional information loptional} You ma choose lo include further statements where relevant about.. SORP referenGe P3ra 1.38 Policy on grant making Par8 1.38 Policy on social investment including program Telated investment P8r8 1.38 Contribution made b volunteers Other Achievements and Performance SORP reference Provided childcare for over 100 children who have accessed essential early years education. Summary oflhe main achievements of the chaTty, identifying the difference Ihe charity's work has made lo the CiTcumslan¢es of ils beneficiaries and any wider benefits to society as a whole. Para 1.20 Provided consislent care for children and families throughout Ihe challenging pandemic. We have Temained open for 11 months of the year, onty closing during the initial lockdown for a period of approximate 1 month. Continuing with the progress on our new building renovations. Addltlonal information loptionall You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.4fj Other Financial Review Review of the oharity's financial position at the end of the period Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reseTves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.21 Para 1.22 Par8 1.22 P3ra 1.22 Para 1.24 Para 1.23 Addillonal Informatlon (optional) You ma choose lo include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investmersl policy adopted Paia 1.46 A description of the principal risks facing the charity Para 1.48 Other Structure, Governance and Management Description of ¢h8rily's Irusls.. Type of governing document IrLisI deed, ro al chartei How is the charity constituted? le.g unincoiporated association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or narlle of any person or body entitled to appoint one or more trustees Para 1.25 Constitution Para 1.25 Unincorporated Paia 1.25 Elected by members at AGM or co-opted when invited by committee Additional Information loptlonall Youm choose to include further statements where relevant about.. Policies and procedures adopled for the induction and training of trustees Para 1.51 The chaTily's organisalional structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charil uses islered charit number Charity's principal address Ma or Ste s Childcare 1163764 St Columb Major Children's Centre Newquay Road St Columb Major Cornwall TR9 6RW Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustee nar¥t8 Office lif any) NamÈ of person lor body) entitled toa olnt trustee Ifan Tracey Milsom Sarah Ryan Lucy Langouroux- Fay Emma Rooney David Spurrell Michelle Ladd Chairperson Treasurer Secrelary 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dlre¢tor n8me ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Milsom TraceL.. Sarah R an Lu Lan ouroux-Fa Emma Roone David S urrell Michelle Ladd Dates acted If not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of 8rrangemenls for safe custody and segregation of such assets from the charily's own assets Additional information (optionall Names and addresses of advisers (Optional Information) Type of Name Address adviser Name of chief executlve or names of senlor staff members (Optional informatlon) Exemptions from disclosure ersonnel details Reason for non-disclosure of ke Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Slgnature{s) Full namelsl Posltlon {eg Secretary, Chalr, etcl l J (I,IILSLIy (d Date Charity number: 1163764 ## MAJOR STEPS CHILDCARE Report of the Trustees and Financial Statements For the year ended 31 August 2020 MAJOR STEPS CHILDCARE Contents Page For the year ended 31 August 2020 |Report of the Trustees|1 to 2| |---|---| |Independent Examiner's Report to the Trustees|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6 to 9| |Detailed Statement of Financial Activities|10 to 11| MAJOR STEPS CHILDCARE Report of the Trustees For the year ended 31 August 2020 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** MAJOR STEPS CHILDCARE **Charity registration number** 1163764 **Principal address** Wesley Methodist Chapel Higher East Street St Columb Major Cornwall TR9 6RJ ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ||Mrs Lucy Thomas| |---|---| ||Mrs Michelle Ladd| ||Mr David Spurrell| ||Mrs Sarah Ryan| ||Mrs Sue Oliver| ||Mrs Suzy Sharp| ||Mrs Tracey Milsom| ||Miss Emma Rooney| |**Independent examiners**|David Jeffery & Co| ||The Old Surgery| ||St Columb| ||Cornwall| ||TR96AE| |**Bankers**|Barclays Bank| ||10 Church Street| ||St Austell| ||Cornwall| ||PL25| ||4AS| Approved by the Board of Trustees and signed on its behalf by ............................................................................. Mrs Sue Oliver 1 of 11 MAJOR STEPS CHILDCARE Independent Examiners Report to the Trustees For the year ended 31 August 2020 I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2020. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners statement** Since the Charity’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Jeffery & Co The Old Surgery St Columb Cornwall TR96AE 22 June 2021 2 of 11 ## MAJOR STEPS CHILDCARE Statement of Financial Activities For the year ended 31 August 2020 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
18,771
290,808
**309,579**
(266,134)
**(266,134)**
**43,445**
413,406
**456,851**|**2019**
**£**
4,501
280,332| |---|---|---| |||**284,833**| |||(274,575)| |||**(274,575)**| |||**10,258**
403,148| |||**413,406**| 3 of 11 ## MAJOR STEPS CHILDCARE Statement of Financial Position ## As at 31 August 2020 ||**Notes**|**2020**|**2019**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|10|413,994|407,123| |||**413,994**|**407,123**| |**Current assets**|||| |Debtors|11|5,857|2,584| |Cash at bank and in hand||83,900|53,873| |||**89,757**|**56,457**| |**Creditors: amounts falling due within one year**|12|(7,081)|(6,076)| |**Net current assets**||**82,676**|**50,381**| |**Total assets less current liabilities**||**496,670**|**457,504**| |**Creditors: amounts falling due after more than one year**|13|(39,819)|(44,098)| |**Net assets**||**456,851**|**413,406**| |**The funds of the charity**|||| |Unrestricted income funds|14|456,851|413,406| |**Total funds**||**456,851**|**413,406**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mrs Sue Oliver Trustee 4 of 11 MAJOR STEPS CHILDCARE Notes to the Financial Statements For the year ended 31 August 2020 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. MAJOR STEPS CHILDCARE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |Plant and machinery|20% Reducing balance| |---|---| |Computer equipment|25% Reducing balance| |Fixtures and fittings|20% Reducing balance| ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
Grants received
**ncome from charitable activities**
**Unrestricted funds**
_Day Nursery_
Income from charitable
activities
**osts of charitable activities by fund type**
**Unrestricted funds**
Day Nursery
Support costs|**2019**
**2020**
**£**
**£**
4,501
2,108
-
16,663
**4,501**
**18,771**
**2019**
**2020**
**£**
**£**
290,808
280,332
**2019**
**2020**
**£**
**£**
241,484
233,761
33,091
32,373
**274,575**
**266,134**| |---|---| ## **3. Income from charitable activities** ## **4. Costs of charitable activities by fund type** 5 of 11 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2020 ## **5. Costs of charitable activities by activity type** |**Support**
**costs**
**Activities**
**undertaken**
**directly**
**£**
**£**
**Support costs**
Day Nursery
32,373
233,761
**nalysis of support costs**
**Day Nursery**
Rent
Equipment Hire
Rates & Water
Repair & Renewals
Training
Telephone
Postage & Stationery
Protective Workwear
Cleaning & Waste
Disposal
Sundries &
Subscriptions
Governance costs|**2020**
**£**
266,134
**2020**
**£**
5,414
318
3,230
2,076
2,018
1,422
277
-
3,578
3,818
10,222
**32,373**|**2019**
**£**
274,575
**2019**
**£**
5,750
856
2,994
2,683
1,970
1,014
470
57
3,135
4,307
9,855| |---|---|---| |||**33,091**| ## **6. Analysis of support costs** ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2020**|**2019**| ||**£**|**£**| |Depreciation of owned fixed assets|833|1,062| |Accountancy fees|1,200|1,200| 6 of 11 ## MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2020 ## **8. Staff costs** Total staff costs for the year ended 31 August 2020 were: |Total staff costs for the year ended 31 August 2020 were:||| |---|---|---| ||**2020**|**2019**| ||**£**|**£**| |Salaries and wages|224,968|233,687| ||**224,968**|**233,687**| ||**2020**|**2019**| |Nursery Staff|19|19| ||**19**|**19**| ## **9. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **10. Tangible fixed assets** |**Cost or valuation**
At 01 September 2019
Additions
At 31 August 2020
**Depreciation**
At 01 September 2019
Charge for year
At 31 August 2020
**Net book values**
At 31 August 2020
At 31 August 2019|**Land and**
**buildings**
**£**
403,205
7,705
**410,910**
-
-
**-**
**410,910**
**403,205**|**Plant and**
**machinery**
**£**
2,281
-
**2,281**
917
273
**1,190**
**1,091**
**1,364**|**Fixtures and**
**fittings**
**£**
3,178
-
**3,178**
1,612
313
**1,926**
**1,252**
**1,565**|**Computer**
**equipment**
**£**
2,532
-
**2,532**
1,544
247
**1,791**
**741**
**989**|**Total**
**£**
411,195
7,705| |---|---|---|---|---|---| ||||||**418,900**| ||||||4,073
833| ||||||**4,906**| ||||||**413,994**| ||||||**407,122**| 7 of 11 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2020 ## **11. Debtors** ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |**Amounts due within one year:**||| |Trade debtors|2,869|-| |Prepayments and accrued income|2,988|2,584| ||**5,857**|**2,584**| ## **12. Creditors: amounts falling due within one year** |Trade creditors
Other creditors
Accruals and deferred income|**2020**
**£**
569
4,112
2,400
**7,081**|**2019**
**£**
-
4,288
1,788| |---|---|---| |||**6,076**| ## **13. Creditors: amounts falling due after more than one year** |Loans and overdrafts|**2020**
**£**
39,819
**39,819**|**2019**
**£**
44,098| |---|---|---| |||**44,098**| The following liabilities disclosed under creditors falling due after more than one year are secured by the charity: |Bank loans and overdrafts|39,819
**39,819**|44,098| |---|---|---| |||**44,098**| ## **14. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---| ||**01/09/2019**|**resources**|**resources**|**31/08/2020**| ||**£**|**£**|**£**|**£**| |_General_||||| |Day Nursery|413,406|309,579|(266,134)|456,851| ||**413,406**|**309,579**|**(266,134)**|**456,851**| 8 of 11 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2020 ## **Unrestricted Funds - Previous year** ||**Balance at**|**Incoming**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---|---| ||**01/09/2018**|**resources**||**resources**|**31/08/2019**| ||**£**||**£**|**£**|**£**| |_General_|||||| |Day Nursery|403,148|284,833||(274,575)|413,406| ||**403,148**|**284,833**||**(274,575)**|**413,406**| |**Purpose of unrestricted Funds**|||||| |Day Nursery|||||| |Running of Day Nursery|||||| |**Purpose of restricted funds**|||||| |Building Funds|||||| |Building of own premises|||||| |**15. Analysis of net assets between funds**|||||| |||**Tangible**|**Net current**|
**Creditors >**|**Net Assets**| ||**fixed assets**||**assets /**|
**one year**|| ||||**(liabilities)**||| |||**£**|**£**|**£**|**£**| |**Unrestricted funds**|||||| |_General_|||||| |Day Nursery||413,994|82,676|(39,819)|456,851| |||**413,994**|**82,676**|**(39,819)**|**456,851**| |**Previous year**|||||| |||**Tangible**|**Net current**|
**Creditors >**|**Net Assets**| ||**fixed assets**||**assets /**|
**one year**|| ||||**(liabilities)**||| |||**£**|**£**|**£**|**£**| |**Unrestricted funds**|||||| |_General_|||||| |Day Nursery||407,123|50,381|(44,098)|413,406| |||**407,123**|**50,381**|**(44,098)**|**413,406**| 9 of 11 ## MAJOR STEPS CHILDCARE Detailed Statement of Financial Activities For the year ended 31 August 2020 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Grants receivable
**Charitable activities**
Income from charitable activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**SUPPORT COSTS**
**Rent**
Rent
**Equipment Hire**
Equipment Hire
**Rates & Water**
Rates & Water
**Repair & Renewals**
Repair & Renewals
**Training**
Training
**Telephone**
Telephone
**Postage & Stationery**
Postage & Stationery
**Protective Workwear**
Protective Workwear
**Cleaning & Waste Disposal**
Cleaning & Waste Disposal|**£**
**2020**
2,108
16,663
**18,771**
290,808
**290,808**
**309,579**
(233,761)
**(233,761)**
(5,414)
**(5,414)**
(318)
**(318)**
(3,230)
**(3,230)**
(2,076)
**(2,076)**
(2,018)
**(2,018)**
(1,422)
**(1,422)**
(277)
**(277)**
-
**-**
(3,578)|**£**
**2019**
4,501
-| |---|---|---| |||**4,501**
280,332| |||**280,332**| |||**284,833**
(241,484)| |||**(241,484)**
(5,750)| |||**(5,750)**
(856)| |||**(856)**
(2,994)| |||**(2,994)**
(2,683)| |||**(2,683)**
(1,970)| |||**(1,970)**
(1,014)| |||**(1,014)**
(470)| |||**(470)**
(57)| |||**(57)**
(3,135)| 10 of 11 This page does not form part of the statutory financial statements ## MAJOR STEPS CHILDCARE ## Detailed Statement of Financial Activities Continued For the year ended 31 August 2020 |**Sundries & Subscriptions**
Sundries & Subscriptions
**Governance costs**
Governance costs
**Total resources expended**
**Net Income**|**(3,578)**
(3,818)
**(3,818)**
(10,222)
**(10,222)**
**(266,134)**
**43,445**|**(3,135)**
(4,307)| |---|---|---| |||**(4,307)**
(9,855)| |||**(9,855)**| |||**(274,575)**| |||**10,258**| 11 of 11 This page does not form part of the statutory financial statements MAJOR STEPS CHILDCARE Independent Examiners Report to the Trustees For the year ended 31 August 2020 I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2020. ResponsJ>ilftles and basls of rnport As the f*arity tsustees, you a￿ responsible for the ￿eparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe 2011 Acr). I report in respect of my examination of the charity's accounts carried out under section 145of the 2011 Acl and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission undaf section 145(5Xb) of the ACL Independent examiners statement Since the Charity's gross income exceeded £250,000. your examiner must be a member of a body listed in section 145of the 2011 Act. I confirm that l am qualified to undertake the examinatM)n by virtue of my membership of which Is one of the listed txxjies. I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examinalion giving me cause to b81ieve that In any material respect: 1. accounting records were not kept in resp8d of the Charity as required by seclion 130 of the 2011 A¢ 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requlrements conceming Ihe form and content of aCc￿nts set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vie which is not a matter u)nsidered as part of an irMJependent examinats'on. I have rK> concems and have come a(xoss no other matters in connection with the examination to whkh attention sh￿Id b8 drawn in this report in order to enable a proper understanding of the accounts to be reached. David Jeffery & Co The Old Surgery St Columb Comwall TR96AE 22 June 2021 2of11