Trustees. Annual Report for the period PerK#J start dale Peri(xl end date From Year 01 To 31 AuBL￿t Section A Reference and administration details Charity name Major Steps Childcare Other names charity bs known by Reglstered charity number1Sf any) 1163764 Charity's princlpal address St Columb Major Children Centre Newquay Road St Columb Major Postcode TR9 6RW Names of the charity trustees who manage the charity Tru¥tee name Offlc• Ill any) Date8 acted if nol forwho Chair Name of wrnon lor body) entitled olnt tru8ts¢ Ifan Tracey Milsom Sarah Ryan Emma Rooney Daisy Budge Mike Higgins 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, rf any, (for example, any custodian trustees) Name Datss acted rf not for whole ear TAR Marth 2012 Names and addresses of advisers (Optional infomiation) of adviser Name Address Name ot chlef executlve or names of s•nior slaff members (Optional inforniatlon) Section B Structure, overnance and mana ement Description of tho charlty's trusts Constitution Type of governing document How the charity is constituted Truslee selection methods Elected by membeTS at AGM or C(￿Opted memLErs invited by committee Addltlonal governance188ues (Optional Inforniatlon You may choose to include additional information, where relevant, about: policies and prO￿dureS adopted for the induction and training of trustees- the charty's organisational structure and any wider network with which the Charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives and activities Offering appropriate play, education and care facilities, family leaming and extended hours groups. Together with the rights of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunrties for all children whatever their race, culture. religion, means or abilty. Encouraging the study of the needs of such children and their families and promoting public interest in arKI recognition of such needs in the local areas. Summary of the oblects of the charity set out in its governlng document TAR Marcth 2012 Majorsteps Childcare provides childcar6 provision for Ghildren aged from Birth to 5 years. We also provide a breakfast and afterschool club for children of statutory school age Our main focus this year is to continue to rennervate our new premises, to be able to provide more chIldca￿ spaces for children lo￿llY and from surrounding areas. Alongside this. we will be ensuring as many spaces as possible are available for Ihe children in our current smaller premises. Summary ofthe maln activities undertaken for the public benefit in relatlon to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public bonefit) We are mindful of the Charity Commissions guidance on public benefft arKI all decisions are made with this in mind. Additional details of objectives and activities (Optional infomiation) You may choose to indud8 further statements, where relevant, aboul.. policy on grantmaking: policy programme related investment., contnbution made by volunteers. TAR Marth 2012 Section D Achievements and performance Providing childcare for 100 families this year. Summary ofthe main achievements of the charity during the year This includes a total of 100 children compromising of 10 babies, 35 toddlers, 45 pre sGhool and 20 school aged children We have begun to rennervate our new premises, making tt safe and stimulating for the children that we provide childcare for. Much of the work has been carried out by the slaff, however now we have trades attending to carry out the work that we cannot achieve. We have continued to provide care during the continuing pandemic and case rise. We have had only a few cases and have a strict Covid policy and risk assessment that is adhered to. TAR Marth 2012 Section E Financial review Brief statement of the charity's policy on reserves We hold a small amount of reserve now that V￿ have purchased property. The reserves are to support us to provide a consistent level of service against unforeseen losses to income. We also own a property, that can be sold at profrt to ensure liabilrties can te met should our setting need to close. Details of any funds materlally in deficit Further financial review detall$ (Optlonal Inforniation) You may choose to include additional information, where relevant about.. the charrty's principal sources of funds (including any fundraising); how expendrture has supported the key objectives of the charity.. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position leg Secretary, Chair. etc) Emma Rooney Truslee Mike Hi ins r ust£-L . Date 2910612022 TAR March 2012 Charity number: 1163764 ## MAJOR STEPS CHILDCARE Report of the Trustees and Financial Statements For the year ended 31 August 2021 MAJOR STEPS CHILDCARE Contents Page For the year ended 31 August 2021 |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 10| |Detailed Statement of Financial Activities|11 to 12| MAJOR STEPS CHILDCARE Report of the Trustees For the year ended 31 August 2021 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2021. 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** St Columb Childrens Centre Newquay Road Newquay Road Cornwall TR9 6RW ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mrs Sarah Ryan ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiners** ## **Bankers** Mrs Tracey Milsom Miss Emma Rooney Miss Daisy Budge (Appointed: 01 September 2020) Mr Mike Higgins (Appointed: 01 September 2020) David Jeffery & Co The Old Surgery St Columb Cornwall TR96AE Barclays Bank 10 Church Street St Austell Cornwall PL25 4AS 1 of 12 MAJOR STEPS CHILDCARE Report of the Trustees Continued For the year ended 31 August 2021 Approved by the Board of Trustees and signed on its behalf by ............................................................................. Miss Emma Rooney 07 June 2022 2 of 12 MAJOR STEPS CHILDCARE Independent Examiners Report to the Trustees For the year ended 31 August 2021 I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2021. ## **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 07 June 2022 3 of 12 ## MAJOR STEPS CHILDCARE Statement of Financial Activities For the year ended 31 August 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
14,407
265,029
**279,436**
(287,866)
**(287,866)**
**(8,430)**
456,851
**448,421**|**2020**
**£**
18,771
290,808| |---|---|---| |||**309,579**| |||(266,134)| |||**(266,134)**| |||**43,445**
413,406| |||**456,851**| 4 of 12 ## MAJOR STEPS CHILDCARE Statement of Financial Position As at 31 August 2021 ||**Notes**|**2021**|**2020**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|10|445,184|413,994| |||**445,184**|**413,994**| |**Current assets**|||| |Debtors|11|3,772|5,857| |Cash at bank and in hand||43,282|83,900| |||**47,054**|**89,757**| |**Creditors: amounts falling due within one year**|12|(8,546)|(7,081)| |**Net current assets**||**38,508**|**82,676**| |**Total assets less current liabilities**||**483,692**|**496,670**| |**Creditors: amounts falling due after more than one year**|13|(35,271)|(39,819)| |**Net assets**||**448,421**|**456,851**| |**The funds of the charity**|||| |Unrestricted income funds|14|448,421|456,851| |**Total funds**||**448,421**|**456,851**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Miss Emma Rooney Trustee 07 June 2022 5 of 12 MAJOR STEPS CHILDCARE Notes to the Financial Statements For the year ended 31 August 2021 ## **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|**2020**
**2021**
**£**
**£**
2,108
596
16,663
13,811
**18,771**
**14,407**
**2020**
**2021**
**£**
**£**
265,029
290,808
**2020**
**2021**
**£**
**£**
233,761
253,952
32,373
33,914
**266,134**
**287,866**| |---|---| ## **3. Income from charitable activities** ## **4. Costs of charitable activities by fund type** 6 of 12 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2021 ## **5. Costs of charitable activities by activity type** ||**Activities**|**Support**|**2021**|**2020**| |---|---|---|---|---| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support costs**||||| |Day Nursery|253,952|33,914|287,866|266,134| |**nalysis of support costs**||||| ||||**2021**|**2020**| ||||**£**|**£**| |**Day Nursery**||||| |Rent|||5,729|5,414| |Equipment Hire|||-|318| |Rates & Water|||5,715|3,230| |Repair & Renewals|||1,223|2,076| |Training|||993|2,018| |Telephone|||1,435|1,422| |Postage & Stationery|||179|277| |Cleaning & Waste|||5,550|3,578| |Disposal||||| |Sundries &|||4,424|3,818| |Subscriptions||||| |Governance costs|||8,666|10,222| ||||**33,914**|**32,373**| ## **6. Analysis of support costs** ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees |**2021**|**2020**| |---|---| |**£**|**£**| |654|833| |1,200|1,200| 7 of 12 ## MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2021 ## **8. Staff costs** Total staff costs for the year ended 31 August 2021 were: |Total staff costs for the year ended 31 August 2021 were:||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Salaries and wages|248,737|224,968| ||**248,737**|**224,968**| ||**2021**|**2020**| |Nursery Staff|0|19| ||**0**|**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 2020
Additions
At 31 August 2021
**Depreciation**
At 01 September 2020
Charge for year
At 31 August 2021
**Net book values**
At 31 August 2021
At 31 August 2020|**Land and**
**buildings**
**£**
410,910
31,843
**442,753**
-
-
**-**
**442,753**
**410,910**|**Plant and**
**machinery**
**£**
2,281
-
**2,281**
1,190
218
**1,408**
**873**
**1,091**|**Fixtures and**
**fittings**
**£**
3,178
-
**3,178**
1,926
250
**2,176**
**1,002**
**1,252**|**Computer**
**equipment**
**£**
2,532
-
**2,532**
1,791
185
**1,976**
**556**
**741**|**Total**
**£**
418,901
31,843| |---|---|---|---|---|---| ||||||**450,744**| ||||||4,907
653| ||||||**5,560**| ||||||**445,184**| ||||||**413,994**| 8 of 12 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2021 ## **11. Debtors** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |**Amounts due within one year:**||| |Trade debtors|-|2,869| |Prepayments and accrued income|3,772|2,988| ||**3,772**|**5,857**| ## **12. Creditors: amounts falling due within one year** |Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
902
5,244
2,400
**8,546**|**2020**
**£**
569
4,112
2,400| |---|---|---| |||**7,081**| ## **13. Creditors: amounts falling due after more than one year** |**2021**
**£**
Loans and overdrafts
35,271
**35,271**
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
Bank loans and overdrafts
35,271
**35,271**|**2020**
**£**
39,819| |---|---| ||**39,819**| ||39,819| ||**39,819**| ## **14. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---| ||**01/09/2020**|**resources**|**resources**|**31/08/2021**| ||**£**|**£**|**£**|**£**| |_General_||||| |Day Nursery|456,851|279,436|(287,866)|448,421| ||**456,851**|**279,436**|**(287,866)**|**448,421**| 9 of 12 MAJOR STEPS CHILDCARE Notes to the Financial Statements Continued For the year ended 31 August 2021 ## **Unrestricted Funds - Previous year** ||**Balance at**|**Incoming**|**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**| |**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||445,184|38,508|(35,271)|448,421| |||**445,184**|**38,508**|**(35,271)**|**448,421**| |**Previous year**|||||| |||**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**| 10 of 12 ## MAJOR STEPS CHILDCARE Detailed Statement of Financial Activities For the year ended 31 August 2021 |**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
**Cleaning & Waste Disposal**
Cleaning & Waste Disposal
**Sundries & Subscriptions**
Sundries & Subscriptions|**£**
**2021**
596
13,811
**14,407**
265,029
**265,029**
**279,436**
(253,952)
**(253,952)**
(5,729)
**(5,729)**
-
**-**
(5,715)
**(5,715)**
(1,223)
**(1,223)**
(993)
**(993)**
(1,435)
**(1,435)**
(179)
**(179)**
(5,550)
**(5,550)**
(4,424)|**£**
**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)| |||**(3,578)**
(3,818)| 11 of 12 This page does not form part of the statutory financial statements Detailed Statement of Financial Activities Continued ## MAJOR STEPS CHILDCARE For the year ended 31 August 2021 |**Governance costs**
Governance costs
**Total resources expended**
**Net Expenditure**|**(4,424)**
(8,666)
**(8,666)**
**(287,866)**
**(8,430)**|**(3,818)**
(10,222)| |---|---|---| |||**(10,222)**| |||**(266,134)**| |||**43,445**| 12 of 12 This page does not form part of the statutory financial statements MIUOR STEPS CHILDCARE Independent Examiners Report lo the Trustees For the year ended 31 August 2021 I r•wrt to the on my of the ofts djty for the y￿r ended 31 AIou6t 2021. ReBpon8lbilltkn and basls ol r•port As the d￿rity trustees. you are r8SFx)n￿bIe for the preparaiThi of Ihe in ￿X)r{larKe r8qurrements of th6 Charities Act 2011 llhe 2011 Art). 1 in respect of rny examinaticl) of Ihè charws accourts carri8d cwjl under 145of the 2011 Acl and in caftwng ¢yJt my 9xarn1nal￿ I haw Idh)w8d all th8 applicabl8 OKeckns glv8n by Ihe Charfty Cc¥Thnission und8r 58ctKJn 145ISllbl ol Indep•nd•nt •x*mlnws st•tsment sin￿ ￿ Charitys gross irrATh eX￿￿ed £250.(K)O. your 0xa￿Ana￿ must be a memtrer 01 8 body Ilststt in seclion 145 of Ihe 2011 Act. l that l am qualffj￿ to LUMJ8rtakg the examinatth by wrlue of rny memt*rship of . whith Is one of thg Itsted bod￿$. I havè ￿mrAaled my examinat￿. I confimi that no matters havè come lo my att8niTh in ￿nectI￿ wilh thg ex*n￿al60n gi¥Ang me cause to bdigve Ihat in any mat8ri81 r*spect'. 1. aco)uTrUng rnccyds were nol in ￿Sp￿Ct of Ihe Chadty as required by se¢llon 130 of th8 2011 Act: L 2. the a(xounts do not acu)rd wth tt￿58 ￿coldS,. or 3. the acc￿Tr￿ do not comply wlth the appficats￿ requli8ments concèrning th& And conlenl ol aCt￿nts sat In the Charftlès (Accounts and R8wrtsl Regulations 2[￿ other thAn any requirement that gccounl$ gwe a Irue fair vie wh¢ch is nol a matter consldered as part ol an independent examination. I have uJn¢wrB and have cThn8 no olh9r matters in the èxarwNnatlc*) ￿ whrth attenuon shwk1 be dM¥n In th18 fgPYt in order to •n¥ble a prvpgr LK•J¥rslandln9 of the 8ccounts to be Dav￿ Jelfery & Co The Old Surgety St Columb C￿nwall TR96AE 07 June 2022 3of12