Charity registration number: 1163764
MAJOR STEPS CHILDCARE TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
David Jeffery & Co
Major Steps Childcare Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 10 |
Major Steps Childcare Trustees' Report For The Year Ended 31 August 2025
The trustees present their report and the financial statements for the year ended 31 August 2025.
Objectives and Activities
Aims and Objectives
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Reference and Administrative Details
Trustees
Mr Mike Higgins Miss Daisy Budge Mrs Sarah Ryan Miss Emma Rooney
Charity Number
1163764
Principal Address
Tropicana House Newquay Road St Columb Cornwall TR9 6RW
Independent Examiner
David Jeffery David Jeffery & Co F.F.A The Old Surgery St Columb Major Cornwall TR9 6AE
Page 1
Major Steps Childcare Trustees' Report (continued) For The Year Ended 31 August 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Miss Emma Rooney Trustee 26/05/2026
Page 2
Major Steps Childcare Independent Examiner's Report to the Trustees of Major Steps Childcare For The Year Ended 31 August 2025
I report to the trustees on my examination of the accounts of Major Steps Childcare (the Trust) for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
Since the Trust’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 because I am a member of The Institute of Financial Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents 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 26/05/2026 The Old Surgery St Columb Major Cornwall TR9 6AE
Page 3
Major Steps Childcare Statement of Financial Activities For The Year Ended 31 August 2025
| Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Childcare EXPENDITURE ON: Charitable activities: 4 Childcare NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 14 |
2025 Unrestricted funds £ 364,465 |
2024 Unrestricted funds £ 354,586 |
|---|---|---|
| (400,867) | (345,643) | |
| (36,402) | 8,943 | |
| (36,402) 480,653 |
8,943 471,710 |
|
| 444,251 | 480,653 |
The notes on pages 6 to 9 form part of these financial statements.
Page 4
Major Steps Childcare Balance Sheet As At 31 August 2025
| Notes FIXED ASSETS Tangible Assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 11 NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 14 |
2025 Unrestricted funds £ 471,664 |
2024 Total funds £ 471,028 |
|---|---|---|
| 471,664 2,484 26,799 |
471,028 3,436 37,871 |
|
| 29,283 (8,590) |
41,307 (9,606) |
|
| 20,693 | 31,701 | |
| 492,357 | 502,729 | |
| (48,106) | (22,076) | |
| 444,251 | 480,653 | |
| 444,251 | 480,653 | |
| 444,251 | 480,653 |
On behalf of the board
Miss Emma Rooney Trustee 26/05/2026
The notes on pages 6 to 9 form part of these financial statements.
Page 5
Major Steps Childcare Notes to the Financial Statements For The Year Ended 31 August 2025
1. General Information
Major Steps Childcare is an unincorporated charity registered with the Charity Commission, registered charity number 1163764. The principal address is Tropicana House, Newquay Road, St Columb, Cornwall, TR9 6RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared 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" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% Reducing Balance Plant & Machinery 20% Reducing Balance Fixtures & Fittings 20% Reducing Balance Computer Equipment 25% Reducing Balance
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Net Income/(Expenditure)
The net (expenditure)/income is stated after charging/(crediting):
| he net (expenditure)/income is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of tangible fixed assets - owned | 493 | 637 |
4. Analysis of Expenditure
| Childcare Childcare |
Activities undertaken directly £ 329,897 |
Support costs (see note 5) £ 70,970 |
2025 Total £ 400,867 |
|---|---|---|---|
| Activities undertaken directly £ 283,938 |
Support costs (see note 5) £ 61,705 |
2024 Total £ 345,643 |
Page 6
Major Steps Childcare Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
5. Support Costs
| Employee costs Premises expenses General administration Depreciation Interest payable Employee costs Premises expenses General administration Depreciation Interest payable . Staff Costs taff costs were as follows: Wages and salaries Social security costs Other pension costs |
2025 £ 262,002 46,721 11,946 320,669 |
2025 Childcare £ 2,420 24,540 39,882 493 3,635 |
|---|---|---|
| 70,970 | ||
| 2024 Childcare £ 792 20,885 34,690 637 4,701 |
||
| 61,705 | ||
| 2024 £ 220,773 40,204 10,204 |
||
| 271,181 |
- Staff Costs
Staff costs were as follows:
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 7. Average Number of Employees
Average number of employees during the year was: 19 (2024: 16)
Page 7
Major Steps Childcare Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
8. Tangible Assets
| 8. Tangible Assets |
||||||
|---|---|---|---|---|---|---|
| Land & Property Freehold Plant & Machinery £ £ Cost As at 1 September 2024 468,815 2,671 Additions 1,129 - As at 31 August 2025 469,944 2,671 Depreciation As at 1 September 2024 - 1,974 Provided during the period - 140 As at 31 August 2025 - 2,114 Net Book Value As at 31 August 2025 469,944 557 As at 1 September 2024 468,815 697 9. Debtors Due within one year Other debtors 10. Creditors: Amounts Falling Due Within One Year Trade creditors Other creditors Taxation and social security Accruals and deferred income 11. Creditors: Amounts Falling Due After More Than One Year Bank loans 12. Loans An analysis of the maturity of loans is given below: Amounts falling due between one and five years: Bank loans |
Land & Property Freehold £ 468,815 1,129 |
Plant & Machinery £ 2,671 - |
Fixtures & Fittings £ 3,178 - |
Computer Equipment £ 4,354 - |
Total £ 479,018 1,129 |
|
| 469,944 | 2,671 | 3,178 | 4,354 | 480,147 | ||
| - - |
1,974 140 |
2,665 102 |
3,351 251 |
7,990 493 |
||
| - | 2,114 | 2,767 | 3,602 | 8,483 | ||
| 469,944 | 557 | 411 | 752 | 471,664 | ||
| 468,815 | 697 | 513 | 1,003 | 471,028 | ||
| 2025 £ 2,484 2025 £ 389 1,390 5,371 1,440 8,590 2025 £ 48,106 2025 £ 48,106 |
2024 £ 3,436 |
|||||
| 2024 £ 3,192 - 5,094 1,320 |
||||||
| 9,606 | ||||||
| 2024 £ 22,076 |
||||||
| 2024 £ 22,076 |
Page 8
Major Steps Childcare Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
13. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £11,946 (2024: £10,204).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
14. Movement in Funds
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 September 2024 £ 480,653 |
Income £ 364,465 |
Expenditure £ (400,867) |
As at 31 August 2025 £ 444,251 |
|---|---|---|---|---|
| 480,653 | 364,465 | (400,867) | 444,251 | |
| As at 1 September 2023 £ 471,710 |
Income £ 354,586 |
Expenditure £ (345,643) |
As at 31 August 2024 £ 480,653 |
|
| 471,710 | 354,586 | (345,643) | 480,653 |
15. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
16. Related Party Disclosures
Page 9
Major Steps Childcare Detailed Statement of Financial Activities For The Year Ended 31 August 2025
| INCOME AND ENDOWMENTS FROM: Charitable Activities: Childcare Income from charitable activities EXPENDITURE ON: Charitable Activities: Childcare Groceries Resources purchased Wages and salaries Employers NI Employers pensions - defined contribution schemes Staff training Protective clothing Rates Light and heat Water rates Cleaning Hire and leasing of plant and machinery Repairs, renewals and maintenance Insurance Printing, postage and stationery Telephone Accountancy fees Legal fees Subscriptions Bank charges Sundry expenses Clothing Depreciation Bank loan interest NET (EXPENDITURE)/INCOME |
2025 Total funds £ 364,465 |
2024 Total funds £ 354,586 |
|---|---|---|
| 364,465 | 354,586 | |
| 364,465 (4,539) (4,689) (262,002) (46,721) (11,946) (2,208) (212) (14,978) (4,146) (506) (4,910) - (17,138) (2,893) (425) (1,954) (2,520) (9,576) (2,831) (11) (1,151) (1,383) (493) (3,635) |
354,586 (3,917) (8,840) (220,773) (40,204) (10,204) (673) (119) (13,454) (3,547) (368) (3,516) (1,656) (13,078) (3,362) (668) (1,768) (2,340) (6,034) (3,505) - (582) (1,697) (637) (4,701) |
|
| (400,867) | (345,643) | |
| (400,867) | (345,643) | |
| (36,402) | 8,943 |
Page 10