THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2021
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) 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 | |
| 29 Cissbury Gardens | |
| Worthing | |
| West Sussex | |
| BN14 0DY |
2
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Directors' Report For the year ended 31st August 2021
The Directors' present their report of the accounts for the year ended 31st August 2021
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
What a year it has been! This is my first year of being the chairperson for the New Montessori Preschool and what a rollercoaster we’ve all ridden. I want to start off by thanking all the staff of the Montessori Preschool. Allison and Simone have been truly great through all the changes from Covid-19 from extra hand washing to deep cleaning the school. Thank you to all the staff who have been furloughed, taken reduced hours, have had hours doubled. You all have really done our school proud. And lastly to Beki, even though you’ve been poorly you have still been the head of the team virtually and have continued supporting all you can and we are very grateful to have you as the Principal.
Let’s hope this next year gets a bit easier for us all.
Thank you and welcome to all the new parents who have joined our preschool and the current parents you have continued to support the school this year. Fundraising this year has been a bit different has all the plans we had have had to be cancelled or postponed. So far, we have raised £1233.29 from our events and donations including:
£120.00-Commission on Photographs 2019 £295.00-Pamper Evening
£100.00-Donation
£463.15-Winter Fayre
This has enabled us to have the school classroom floor mended and revarnished plus a bit extra to put in our Christmas presents fund. We will continue organising our events for next year which will be explained in due course. Thank you to Alexander Churchill-Fabian for being a great help with organising and taking on the head of fundraising role. I look forward to another fantastic year as being the Chair of Committee for the New Montessori Preschool.
3
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Director's Report-continued For the year ended 31st August 2021
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 A Anthraper Ms A Churchill-Fabian
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:
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select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
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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 9th December 2021 and signed on their behalf.
Mrs S Tappin(nee Reed) Director
Dated: 9th December 2021
4
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Examiners Report For the year ended 31st August 2021
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:
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(a) the accounts are in agreement with the accounting records kept by the company under Section 221 of the Companies Act 1985
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(b) having regard only to, and on the basis of, the information contained in those accounting records:
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(i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in Section 249C(6) of the Act, and
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(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 29 Cissbury Gardens Worthing West Sussex BN14 0DY
Dated:29th November 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 2021
| Total | Total | ||
|---|---|---|---|
| Funds | Funds | ||
| 2021 | 2020 | ||
| Notes | |||
| Incoming Resources | |||
| Incoming resources from | |||
| generated funds: | |||
| Voluntary income: | |||
| - Donations | 4,561 | 1,359 | |
| - Nursery Grants | 148,205 | 149,399 | |
| - Funding SEN | 1,645 | 5,880 | |
| - Welfare Food Scheme | 12 | 81 | |
| - Repayment Training Grant | 898 | ||
| - Lottery Grant | 20 | ||
| Activities for generating funds: | |||
| - Fees | 131,256 | 79,946 | |
| - Fees - debt recovery | |||
| Investment income: | |||
| - Bank interest | |||
| Other incoming resources | |||
| - Misc income | 29,577 | 1,647 | |
| - Furlough Payments | 27,871 | ||
| - Worthing Borough Council Business | Rates Grant | 10,000 | |
| Total incoming resources | 316,175 | 276,183 | |
| Resources expended | 2 | ||
| Costs of generating funds: | |||
| Fundraising, trading, costs of | |||
| goods sold and other costs | 306,502 | 278,090 | |
| Governance costs | 12,715 | 7,196 | |
| Total resources expended | 319,216 | 285,286 | |
| Net incoming/outgoing | |||
| resources before transfers | (3,042) | (9,103) | |
| Transfers | |||
| Gross transfers between funds | |||
| Reconciliation of funds | |||
| Total funds brought forward | 32,846 | 41,949 | |
| Total funds carried forward | 29,804 | 32,846 |
6
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Balance Sheet As at 31st August 2021
| 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) |
2021 2020 12,166 12,806 12,166 12,806 1,935 1,748 45,051 50,327 46,986 52,075 (26,320) (31,822) (26,320) (31,822) 20,666 20,253 32,832 33,059 0 0 32,832 33,059 32,832 33,059 0 0 32,832 33,059 |
2021 2020 12,166 12,806 12,166 12,806 1,935 1,748 45,051 50,327 46,986 52,075 (26,320) (31,822) (26,320) (31,822) 20,666 20,253 32,832 33,059 0 0 32,832 33,059 32,832 33,059 0 0 32,832 33,059 |
|---|---|---|
| 1,935 45,051 |
||
| (26,320) | ||
| 33,059 0 33,059 |
7
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Balance Sheet - continued As at 31st August 2021
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 9th December 2021 and signed on their behalf.
Dated: 9th December 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 2021
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
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2021
2
| 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** |
2021 2020 266,838 241,120 19,523 19,523 - 108 3,681 4,514 3,683 1,644 643 1,505 711 808 - 5,181 3,909 343 2,859 1,378 257 824 640 674 2,485 1,741 |
|---|---|
| 306,502 278,090 1,666 1,140 2,003 1,613 795 60 4,810 2,218 2,970 1,936 471 229 |
|
| 12,715 7,196 319,216 285,286 |
10
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2021
3 Remuneration
No remuneration or expenses were paid to the
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 |
£ C 23,086 At 799 A 23,885 At D 6,464 At 871 C 7,335 At N 16,622 At 16,550 At 2,021 2017 £ 0 1,935 0 0 0 1,935 |
|---|---|
Cost At 1st September 2019 Additions in the year At 31st August 2020
Depreciation At 1st September 2019 Charge for year At 31st August 2020
Net book value At 1st September 2019 At 31st August 2020
| £ Cost 23,885 At 1st September 2021 0 Additions in the year 23,885 At 31st August 2021 Depreciation 10,405 At 1st September 2021 674 Charge for year 11,079 At 31st August 2021 Net book value 13,480 At 1st September 2021 12,806 At 31st August 2021 |
£ 23,885 0 |
|---|---|
| 23,885 | |
| 11,079 640 |
|
| 11,719 | |
| 12,806 | |
| 12,166 |
11
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2021
| 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 |
2021 2020 9,748 9,044 8,985 8,278 26,286 32,931 33 74 |
|---|---|
| 45,051 50,327 |
|
| 2021 2020 £ 0 (6,366) (7,033) 0 (19,954) (24,789) |
|
| (26,320) (31,822) |
|
2021 2020 £ 12,166 12,806 46,986 52,075 (26,320) (31,822) 0 0 |
|
| 32,832 33,059 |
9 Directors' Interests
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