## **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:
- 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**
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.
**3**
## **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:
- 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 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:
- (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 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|
|---|---|
||**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:
- 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 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|
|---|---|
||**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|
||10,854
10,400
12,715
7,196
**306,644**
**310,947**
**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 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|
|---|---|
||**36,109**
**21,941**
**45,051**
**50,327**|
||**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)**|
||**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**|
||**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**