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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the 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 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|
6. **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