THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
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FINAL AGREED BY COMMITTEE
Private and Confidential
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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 | Ms A Churchill-Fabian(Director) |
|---|---|
| Mrs V Wilkinson | |
| Mrs A Anthraper (Director) | |
| Ms L Gelsthorpe (Director) | |
| Mrs V DaltonHorner | |
| Mrs H Ozdemirciler | |
| Ms E Sinclair | |
| Ms R Sinclair | |
| 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 2023
The Directors' present their report of the accounts for the year ended 31st August 2023
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:
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to advance the education of children below compulsory school age in accordance with the Montessori aims, philosophy and method.
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to provide, conduct, develop or otherwise support The New Montessori Pre-school currently established in Worthing, West Sussex.
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to advance the education and training of persons in the provision of such educational care.
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to encourage any other charitable activities through which parents and guardians may assist their children.
Review of the year
2023 has definitely been a memorable one in the history of The New Montessori Pre-School! Our beloved pre-school has faced some tremendous highs and some very hard lows.
I took over as Chairperson in January after three years sitting on the committee. The start of the year saw a large turnover of committee members as parents moved on with their children and our member numbers dwindled. We’ve worked together to try and support the staff so that they continue to do the amazing work they do every day.
We organised a visit from the Mayor, Councillor Henna Chowdry, who said that she thoroughly enjoyed looking round the school and learning about the Montessori method and its benefits. We tried our best to support Beki, Allison and other staff through the negative experience with Ofsted on their first inspection of the year and are so thrilled that the teams’ efforts have been rewarded in the most recent report. We’ve spent many (many) hours discussing ideas and proposals on how to survive the cost-of-living crisis and the severe lack of early years funding which has resulted in a lack of staff throughout the sector. We’ve had to implement fee rises as well as pursuing grants and funding. We’ve got a couple of new members on our committee who have brought a new level of dedication and enthusiasm to the table, and we are so excited to see what the new year will bring for us as a committee.
I’d like to take this opportunity to say a massive, MASSIVE thank you to our Principal Beki, our Manager Allison and all of the staff who work tirelessly to support and care for our children. We are so grateful for your dedication and hard work this year.
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THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Director's Report-continued For the year ended 31st August 2023
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:
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;
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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 6th January 2024 and signed on their behalf.
Director
Dated:
4
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Examiners Report For the year ended 31st August 2023
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:22 March 2024
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 2023
| Notes Incoming Resources Incoming resources from generated funds: Voluntary income: - Donations - Nursery Grants - Funding SEN - Welfare Food Scheme - Repayment Training Grant - Lottery Grant Activities for generating funds: - Fees - Fees - debt recovery Investment income: - Bank interest Other incoming resources - Misc income - Furlough Payments - Worthing Borough Council Business Rates Grant Total incoming resources Resources expended 2 Costs of generating funds: Governance costs Total resources expended Fundraising, trading, costs of goods sold and other costs Net incoming/outgoing resources before transfers |
Total Funds 2023 Total Funds 2022 Total Funds 2021 Total Funds 2020 38,926 11,675 4,561 1,359 140,711 126,819 148,205 149,399 6,400 3,015 1,645 5,880 - - 12 81 - - 898 1,986 - 20 137,757 135,343 131,256 79,946 31 231 683 29,577 1,647 27,871 10,000 326,042 277,535 316,175 276,183 295,790 300,546 306,502 278,090 10,854 10,400 12,715 7,196 |
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| 306,644 310,947 319,216 285,286 19,398 (33,412) (3,042) (9,103) |
6
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
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Balance Sheet
As at 31st August 2023
Notes 2023 2022 2021 2020
Fixed Assets
Tangible fixed assets 4 10,980 11,557 12,166 12,806
Total fixed assets 10,980 11,557 12,166 12,806
Current assets
Debtors 5 - 2,084 1,935 1,748
Cash at bank and in hand 6 36,109 21,941 45,051 50,327
Total current assets 36,109 24,025 46,986 52,075
Liabilities
Creditors: due within one year 7
- Various (29,164) (32,701) (26,320) (31,822)
- Loans
Total current liabilities (29,164) (32,701) (26,320) (31,822)
Net current assets or liabilities 6,944 (8,676) 20,666 20,253
Total assets less current liabilities 17,924 2,881 32,832 33,059
Creditors: due after more than one year
- Loan (repayable 2 to 5 years) 0 0 0 0
Net assets or liabilities 17,924 2,881 32,832 33,059
Capital and Funds 8
Unrestricted funds
- General purpose 17,924 2,881 32,832 33,059
Restricted funds
- Friends of The New Montessori (HSBC) 0 0 0 0
17,924 2,881 32,832 33,059
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7
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Balance Sheet - continued As at 31st August 2023
For the year ending 31st August 2023 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:
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ensuring the company keeps accounting records which comply with Section 386
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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 6th January 2023 and signed on their behalf.
Director
Dated:
8
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2023
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 2023
| 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 Accounts costs 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** |
2023 2022 2021 2020 266,473 263,136 266,838 241,120 12,306 20,284 19,523 19,523 71 - - 108 3,153 2,944 3,681 4,514 2,084 1,935 3,683 1,644 403 274 643 1,505 861 582 587 711 808 - - 7,031 5,371 5,181 3,909 100 343 1,555 2,361 2,859 1,378 - 225 257 824 578 608 640 674 593 2,821 2,485 1,741 |
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| 295,790 300,546 306,502 278,090 1,625 1,564 1,666 1,140 2,402 2,242 2,003 1,613 60 93 795 60 1,101 1,353 1,814 4,810 2,218 3,469 4,110 2,970 1,936 844 577 471 229 |
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| 10,854 10,400 12,715 7,196 306,644 310,947 319,216 285,286 |
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THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2023
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
No employee earned more than £50,000.
4 Tangible fixed assets - Furniture and Equipment
5
| 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 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 2023 - - |
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 2022 2,021 2,020 0 0 2,084 1,935 1,748 0 0 0 0 0 0 |
£ 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 2019 # 2017 £ 1,148 1,449 - 1,644 1,640 - - - - 150 - 2,942 3,089 |
£ 23,885 0 |
|---|---|---|---|---|
| 23,885 | ||||
| 11,079 640 |
||||
| 11,719 | ||||
| 12,806 | ||||
| 12,166 | ||||
| 2,084 1,935 1,748 |
11
THE NEW MONTESSORI PRE-SCHOOL
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Accounts For the year ended 31st August 2023
| 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 - SENCO (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 |
2023 2022 2021 2020 2,311 1,766 9,748 9,044 676 669 8,985 8,278 33,119 17,654 26,286 32,931 2 36 33 74 1,815 |
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| 36,109 21,941 45,051 50,327 |
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| 2023 2022 2021 2020 £ 0 (3,985) (3,987) (6,366) (7,033) 0 (25,179) (28,714) (19,954) (24,789) |
|
| (29,164) (32,701) (26,320) (31,822) |
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| 2023 2022 2021 2020 £ 10,980 11,557 12,166 12,806 36,109 24,025 46,986 52,075 (29,164) (32,701) (26,320) (31,822) 0 0 0 0 |
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| 17,924 2,881 32,832 33,059 |
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 the current market value and at arms length.
9 Directors' Interests