## **THE NEW MONTESSORI PRE-SCHOOL**
**(A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2020**
**FINAL AGREED BY COMMITTEE**
**Private and Confidential**
**Company Number: 3908382 Charity Number: 1086853**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2-3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6-7|
|Notes to the Accounts|8-11|
**1**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Company Information**
|**Board of Management**|Mrs S Tappin(nee Reed) (Director)|
|---|---|
||Mr K Nederpel (Director)|
||Mrs L Norman(Director)|
||Ms A Churchill-Fabian(Director)|
||Mrs A Anthraper (Director)|
||Mrs H Dickson|
|**Principal**|Mrs R Shanahan|
|**Registered Office**|The Methodist Church|
||Tarring Road|
||WORTHING|
||West Sussex|
||BN11 4ET|
|**Trading Address**|The Methodist Church|
||Tarring Road|
||WORTHING|
||West Sussex|
||BN11 4ET|
|**Bankers**|CafCash Ltd|
||PO Box 289|
||WEST MALLING|
||Kent|
||ME19 4TA|
|**Accountants**|Mr Kevin Nederpel FCCA|
||Association of Chartered Certified Accountants|
||1 Vale Avenue|
||Worthing|
||West Sussex|
||BN14 0BY|
**2**
**THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Directors' Report For the year ended 31st August 2020**
The Directors' present their report of the accounts for the year ended 31st August 2020
## **Status of the company and principal activities**
The company, a Pre-school, is registered under the Companies Act 1985 as a company limited by guarantee, registered number 3908382, and not having a share capital.
The company was registered as a charity on 31st May 2001, registered number 1086853.
The principal objectives of the company are:
- to advance the education of children below compulsory school age in accordance with the Montessori aims, philosophy and method.
- to provide, conduct, develop or otherwise support The New Montessori Pre-school currently established in Worthing, West Sussex.
- to advance the education and training of persons in the provision of such educational care.
- to encourage any other charitable activities through which parents and guardians may assist their children.
## **Review of the year**
Both my children have attended/attending Montessori, however it’s only recently I have been deeply involved with the committee. I started out this year just as an active parent member as I wanted to see what the committee was about and to be a bit nosy into what was going on. From my first meeting I was amazed at the people I met, they all worked together brilliantly, and all were very welcoming to new ideas and suggestions. From here I went on to organise a school visit to the fire station which was a great trip. Late June Rita (Former chair) gave in her resignation from the position which is such a shame however Rita has been with the school for 12 years and has achieved so much, which I know the school will be eternally grateful, she is such a great support and I am honoured to have filled in for her for the last few months. I stepped in as acting chair of committee because I wanted to see if the role was right for me. Thank you to Beki and Rita for guiding me. Since this decision I have supported the committee and management team through decisions/conversations, I helped out on a fundraising stall at the summer fair, I have successfully organised and hosted two pamper evenings to raise funds for the school which were absolutely brilliant, helped out the organisation of the school disco and I have spent a lot of time working with Beki and the school within the term as well as in the holidays with DIY things. I have also taken over the social media platforms, created a committee WhatsApp group, hosted parent fundraising meetings and have built relationships with parents/carers over the term.
I would love to be elected to continue as Chair of committee as I have a lot of ideas and I hope to continue to support the school and staff in any way I can, especially with parents and carers too.
As we all know, the school is a non-profit organisation, so any fundraising is spent directly on the materials, activities and structure of the school. The fundraising that I have organised and hosted specifically is to redesign some of the school rooms which is a big project, but I am determined to make happen. I will be sure to update everyone about fundraising events and work that is done throughout the school.
Thank you to everyone who has been involved so far and I look forward to continuing to work with you all in the new year.
**3**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Director's Report-continued For the year ended 31st August 2020**
## **Results for the year**
Details of the results for the year are set out in the Statement of Financial Activities on page 5.
## **Directors**
Members of the Management Committee, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year were as follows:
Mrs S Tappin(nee Reed) Mr K Nederpel Mrs L Norman Ms A Churchill-Fabian Mrs A Anthraper
Each Director is a member of the company and has a liability limited to £1. Directors are appointed in accordance with the Memorandum and Articles of Association.
## **Statement of Directors' responsibility**
The Directors' are required to prepare accounts for each financial period which give a true and fair view of the school's financial activities during the period and of its financial position at the end of the period. In preparing the accounts the Directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on a going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping the accounting records which disclose with reasonable accuracy at any time the financial position of the company and which enable them to ensure that the accounts comply with applicable law and regulations. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company exemptions**
The Directors' report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies and was approved by the Board on 7th May 2021 and signed on their behalf.
**Mrs S Tappin(nee Reed) Director**
**Dated: 7th May 2021**
**4**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Examiners Report For the year ended 31st August 2020**
This report is made solely to the company's members, as a body, in accordance with Section 249C of the Companies Act 1985. My reporting work has been undertaken so that I might state to the members those matters I am required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's members as a body, for my reporting work, for this report, or for the opinions I have formed.
## **Respective responsibilities of Directors and Examiner**
As described on page 8 the company's Directors, who are also the Trustees of The New Montessori Preschool for the purpose of charity law, are responsible for the preparation of the accounts, and they consider that the company is exempt from an audit. It is my responsibility to carry out procedures designed to enable me to report my opinion.
## **Basis of opinion**
My procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as I considered necessary for the purposes of this report. These procedures provide only the assurance expressed in my opinion.
## **Opinion**
In my opinion:
- (a) the accounts are in agreement with the accounting records kept by the company under Section 221 of the Companies Act 1985
- (b) having regard only to, and on the basis of, the information contained in those accounting records:
- (i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in Section 249C(6) of the Act, and
- (ii) the company satisfied the conditions for exemption from an audit of the accounts for the year as specified in Section 249A(4) of the Act as modified by Section 249A(5) and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemption specified in Section 249B(1).
**Mr Kevin Nederpel FCCA Association of Chartered Certified Accountants 1 Vale Avenue Worthing West Sussex BN14 0BY**
**Dated: 7th May 2021**
**5**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Statement of Financial Activities (including Income and Expenditure Account For the year ended 31st August 2020**
|||**Total**|Total|
|---|---|---|---|
|||**Funds**|Funds|
|||**2020**|2019|
||**Notes**|||
|**Incoming Resources**||||
|**Incoming resources from**||||
|**generated funds:**||||
|**Voluntary income:**||||
|- Donations||1,359|2,247|
|- Nursery Grants||149,399|149,968|
|- Funding SEN||5,880|3,297|
|- Welfare Food Scheme||81|231|
|- Repayment Training Grant||||
|- Lottery Grant|||-|
|**Activities for generating funds:**||||
|- Fees||79,946|106,708|
|- Fees - debt recovery|||561|
|**Investment income:**||||
|- Bank interest|||-|
|**Other incoming resources**||||
|- Misc income||1,647|473|
|- Furlough Payments||27,871||
|- Worthing Borough Council Business|Rates Grant|10,000||
|**Total incoming resources**||**276,183**|**263,485**|
|**Resources expended**|**2**|||
|**Costs of generating funds:**||||
|**Fundraising, trading, costs of**||||
|**goods sold and other costs**||278,090|250,161|
|**Governance costs**||7,196|9,140|
|**Total resources expended**||**285,286**|**259,302**|
|**Net incoming/outgoing**||||
|**resources before transfers**||**(9,103)**|**4,183**|
|**Transfers**||||
|**Gross transfers between funds**||||
|**Reconciliation of funds**||||
|**Total funds brought forward**||41,949|37,765|
|**Total funds carried forward**||**32,846**|**41,949**|
**6**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Balance Sheet As at 31st August 2020**
|**Notes**
**Fixed Assets**
**Tangible fixed assets**
**4**
**Total fixed assets**
**Current assets**
**Debtors**
**5**
**Cash at bank and in hand**
**6**
**Total current assets**
**Liabilities**
**Creditors: due within one year**
**7**
- Various
- Loans
**Total current liabilities**
**Net current assets or liabilities**
**Total assets less current liabilities**
**Creditors: due after more than one year**
- Loan (repayable 2 to 5 years)
**Net assets or liabilities**
**Capital and Funds**
**8**
**Unrestricted funds**
- General purpose
**Restricted funds**
- Friends of The New Montessori (HSBC)|**2020**
2019
12,806
13,480
**12,806**
**13,480**
1,748
2,942
50,327
55,683
52,075
58,625
(31,822)
(35,463)
(31,822)
(35,463)
20,253
23,162
33,059
36,642
0
0
33,059
36,642
33,059
36,642
0
0
33,059
36,642|**2020**
2019
12,806
13,480
**12,806**
**13,480**
1,748
2,942
50,327
55,683
52,075
58,625
(31,822)
(35,463)
(31,822)
(35,463)
20,253
23,162
33,059
36,642
0
0
33,059
36,642
33,059
36,642
0
0
33,059
36,642|
|---|---|---|
||1,748
50,327||
||(31,822)||
||||
|||36,642
0
36,642|
**7**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Balance Sheet - continued As at 31st August 2020**
For the year ending 31st August 2020 the company was entitled to exemption from audit under Section 477(2) of the Companies Act 2006 relating to the small companies regime.
The members have not required the company to obtain an audit of its accounts in accordance with Section 476 of the Companies Act 2006
The Directors acknowledge their responsibility for:
- ensuring the company keeps accounting records which comply with Section 386
- preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company
These accounts have been prepared in accordance with the provisions applicable to companies subject to the smaller companies regime.
These accounts were approved by the Management Committee on 7th May 2021 and signed on their behalf.
**Dated: 7th May 2021**
**Mrs S Tappin(nee Reed) Director**
**8**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Notes to the Accounts For the year ended 31st August 2020**
## **1 Accounting policies**
## **1.1**
## **Basis of accounting**
The accounts are prepared under the historical costs convention and in accordance with applicable accounting standards and the Companies Act 1985, and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice revised 2005.
## **1.2 Income**
Income for the year represents amounts receivable for grants and school fees and other sundry income. The value of services provided by volunteers has not been included.
Donations are accounted for when they are received.
## **1.3 Resources expended**
Expenditure is included when incurred and has been attributed to specific activities.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. 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:
Equipment
5% pa on reducing balance
## **1.5 Taxation**
The company is exempt from corporation tax on its charitable activities.
**9**
**2**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Notes to the Accounts For the year ended 31st August 2020**
|**Total resources expended**
Wages inc NIC
Rent
Milk & child welfare
Classroom and Topics
Insurance
Training costs
IT & Internet
Staff uniforms and welfare
Cleaning
Utilities
Advertisement
Security
Refund of fees
Refund Free Entitlement
Montessori equipment
Depreciation
Miscellaneous
Repayment of WFRU Overclaim **
Parenting
Lottery Grant
Fundraising
**Governance costs**
Wages inc NIC
Stationery and post
Telephone
Bank charges
Debt recovery costs
Treasurers Honoraria
Building Maintenance
Management Consultancy
Pro charges
Health & Safety
Contra Payments
Fees written off
Training costs written off
**Trading, costs of goods**
**sold and other costs**|**2020**
2019
241,120
210,753
19,523
18,973
108
88
4,514
7,538
1,644
1,640
1,505
500
808
731
1,103
3,909
4,458
343
1,378
276
824
1,317
674
709
1,741
2,075|
|---|---|
||**278,090**
250,161
1,140
1,428
1,613
1,592
60
184
2,218
2,859
1,936
3,078
229|
||7,196
9,140
**285,286**
**259,302**|
**10**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Notes to the Accounts For the year ended 31st August 2020**
## **3 Remuneration**
No remuneration or expenses were paid to the Directors during the year.
The total employee costs for the period amounted to £210,753. The average number of employees was 15.
No employee earned more than £50,000.
## **4 Tangible fixed assets - Furniture and Equipment**
|**Cost**
At 1st September 2014
Additions in the year
At 31st August 2015
**Depreciation**
At 1st September 2014
Charge for year
At 31st August 2015
**Net book value**
At 1st September 2014
At 31st August 2015
**5**
**Debtors**
Prepayments and accrued income
- Fees unpaid
- Water
- Insurance
- Refund of training costs
- WFRU
- Security
- Photocopier
- Other|**£**
23,086
**799**
**23,885**
6,464
**871**
**7,335**
16,622
**16,550**|**£**
**Cost**
At 1st September 2015
23,885
At 1st September 2016
Additions in the year
-
Additions in the year
At 31st August 2016
**23,885**
At 31st August 2017
**Depreciation**
**Depreciation**
At 1st September 2015
7,335
At 1st September 2016
Charge for year
827
Charge for year
At 31st August 2016
**8,163**
At 31st August 2017
**Net book value**
**Net book value**
At 1st September 2015
16,550
At 1st September 2016
At 31st August 2016
**15,722**
At 31st August 2017
**2,020**
2019
2018
2016
2015
£
£
0
1,148
1,278
-
1,395
95
95
1,748
1,644
1,640
1,600
1,490
-
-
0
29
-
73
98
97
0
152
-
114
0
150
-
-
1,748
2,942
3,099
1,793
3,264|**£**
**Cost**
23,885
At 1st September 2017
0
Additions in the year
**23,885**
At 31st August 2018
**Depreciation**
8,163
At 1st September 2017
**786**
Charge for year
**8,949**
At 31st August 2018
**Net book value**
15,722
At 1st September 2017
**14,936**
At 31st August 2018
2014
2013
£
£
1,640
-
1,367
238
24
96
114
615
4,094
#|**£**
23,885
0|
|---|---|---|---|---|
|||||**23,885**|
|||||8,949
**747**|
|||||**9,695**|
|||||14,936|
|||||**14,190**|
||||||
**11**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Notes to the Accounts For the year ended 31st August 2020**
|**6**
**Cash at bank and in hand**
- CAF Gold A/c
- CAF Gold (Fixed) A/c
- CAF High Interest Cheque A/c
- Cash in hand
- HSBC (Friends)
**7**
**Creditors: amounts falling due within one year**
Accruals and deferred income
- Wages
- Fees in advance
- Utilities
- FE in advance
- Training Grant
- Office costs
- WFRU overclaimed
- Building
- BT
- Rent
**8**
**Analysis of net assets between funds**
Fixed Assets
Current Assets
Current Liabilities
Liabilities more than one year
Total Fund|**2020**
2019
**£**
9,044
9,075
8,278
8,544
32,931
38,028
74
36|
|---|---|
||**50,327**
**55,683**|
||2020
2019
**£**
**£**
**0**
(3,706)
**(7,033)**
(4,841)
**0**
(150)
**(24,789)**
(26,766)|
||**(31,822)**
**(35,463)**|
||
2020
2019
£
£
**12,806**
**13,480**
**52,075**
**58,625**
**(31,822)**
**(35,463)**
**0**
**0**|
||**33,059**
**36,642**|
Mrs S A Tappin(nee Reed), Ms A churchill-Fabian,Mrs A Anthraper who are Committee Members, sent their children to the Pre-school. Fees were charged at
**9 Directors' Interests**