## **THE NEW MONTESSORI PRE-SCHOOL**
**(A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
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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|
||Mr A Green|
||Ms S Gabriel|
|**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 2024**
The Directors' present their report of the accounts for the year ended 31st August 2024
## **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**
Our beloved pre-school had faced some tremendous challenges in 2024.
I would like to take this opportunity ti say a massive thank you to our Principal, . School Manager and all 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 2024**
## **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 2024**
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 2025**
**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 2024**
|**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**
**2024**
**Total**
**Funds**
**2023**
**Total**
**Funds**
**2022**
**Total**
**Funds**
**2021**
**Total**
**Funds**
**2020**
1 113
38 926
11 675
4 561
1 359
165 768
140 711
126 819
148 205
149 399
2 400
6 400
3 015
1 645
5 880
-
-
-
12
81
-
-
-
898
1 986
-
20
170 587
137 757
135 343
131 256
79 946
59
31
2 431
231
683
29 577
1 647
27 871
10 000
**342 358**
**326 042**
**277 535**
**316 175**
**276 183**
356 319
295 790
300 546
306 502
278 090
8 258
10 854
10 400
12 715
7 196|
|---|---|
||**364 577**
**306 644**
**310 947**
**319 216**
**285 286**
**(22 219)**
**19 398**
**(33 412)**
**(3 042)**
**(9 103)**|
**6**
## **THE NEW MONTESSORI PRE-SCHOOL**
|**(A**
**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)|**COMPANY**
**As at**
**2**
10 431|**LIMITED B**
**Balance Sh**
**31st Augu**
**024**
**10 431**
23 250
(29 577)
(6 327)
4 103
0
4 103|**Y GUARAN**
**eet**
**st 2024**
**2**
10 980|**TEE)**
**023**
**10 980**
36 109
(29 164)
6 944
17 924
0
17 924|**2**
11 557|**022**
**11 557**
24 025
(32 701)
(8 676)
2 881
0
2 881|**2**
12 166|**021**
**12 166**
46 986
(26 320)
20 666
32 832
0
32 832|**2020**
12 806
**12 806**
1 748
50 327
52 075
(31 822)
(31 822)
20 253
33 059
0
33 059
33 059
0
33 059|
|---|---|---|---|---|---|---|---|---|---|
||-
23 250||-
36 109||2 084
21 941||1 935
45 051|||
||(29 577)||(29 164)||(32 701)||(26 320)|||
|||||||||||
|||4 103
0
4 103||17 924
0
17 924||2 881
0
2 881||32 832
0
32 832||
**7**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Balance Sheet - continued As at 31st August 2024**
For the year ending 31st August 2024 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 2024 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 2024**
## **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 2024**
## **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
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**|**2024**
**2023**
**2022**
**2021**
**2020**
301 856
266 473
263 136
266 838
241 120
30 939
12 306
20 284
19 523
19 523
-
71
-
-
108
4 557
3 153
2 944
3 681
4 514
4 610
2 084
1 935
3 683
1 644
1 526
403
274
643
1 505
893
861
226
582
587
711
808
86
-
-
9 607
7 031
5 371
5 181
3 909
-
100
343
1 368
1 555
2 361
2 859
1 378
-
225
257
824
549
578
608
640
674
100
593
2 821
2 485
1 741|
|---|---|
||**356 319**
**295 790**
**300 546**
**306 502**
**278 090**
1 178
1 625
1 564
1 666
1 140
1 518
2 402
2 242
2 003
1 613
60
60
93
795
60
533
1 101
1 577
1 353
1 814
4 810
2 218
3 392
3 469
4 110
2 970
1 936
-
844
577
471
229|
||8 258
10 854
10 400
12 715
7 196
**364 577**
**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 2024**
## **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**
|**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|**£**
**Cost**
23 086
At 1st September 2019
**799**
Additions in the year
**######**
At 31st August 2020
**Depreciation**
6 464
At 1st September 2019
**871**
Charge for year
**7 335**
At 31st August 2020
**Net book value**
16 622
At 1st September 2019
**######**
At 31st August 2020
**2024**
**2023**
**2022**
-
2 084
-
-
2 084|**£**
**Cost**
23 086
At 1st September 2019
**799**
Additions in the year
**######**
At 31st August 2020
**Depreciation**
6 464
At 1st September 2019
**871**
Charge for year
**7 335**
At 31st August 2020
**Net book value**
16 622
At 1st September 2019
**######**
At 31st August 2020
**2024**
**2023**
**2022**
-
2 084
-
-
2 084|**£**
23 885
0
**23 885**
10 405
**674**
**11 079**
13 480
**12 806**
|**Cost**
At 1st September 2021
Additions in the year
At 31st August 2021
**Depreciation**
At 1st September 2021
Charge for year
At 31st August 2021
**Net book value**
At 1st September 2021
At 31st August 2021
2 021
2 020
2019
0
0
1 148
1 935
1 748
1 644
0
0
0
0
0
0
150|**£**
23 885
0|
|---|---|---|---|---|---|
||||||**23 885**|
||||||11 079
**640**|
||||||**11 719**|
||||||12 806|
||||||**12 166**|
||||||2018
1 278
1 640
29
152|
|||-
2 084||1 935
1 748
2 942|3 099|
**11**
## **THE NEW MONTESSORI PRE-SCHOOL**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Notes to the Accounts For the year ended 31st August 2024**
|**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|**2024**
2023
2022
2021
2020
4 207
2 311
1 766
9 748
9 044
693
676
669
8 985
8 278
18 255
33 119
17 654
26 286
32 931
95
2
36
33
74
1 815|
|---|---|
||**23 250**
**36 109**
**21 941**
**45 051**
**50 327**|
||2023
2022
2021
2020
**£**
0
(6 078)
(3 985)
(3 987)
(6 366)
(7 033)
0
(23 499)
(25 179)
(28 714)
(19 954)
(24 789)|
||**(29 577)**
**(29 164)**
**######**
**###### (31 822)**|
||
**2024**
2023
2022
2021
2020
£
**10 431**
**10 980**
**11 557**
**12 166**
**12 806**
**23 250**
**36 109**
**24 025**
**46 986**
**52 075**
**(29 577)**
**(29 164)**
**######**
**###### (31 822)**
**0**
**0**
**0**
**0**
**0**|
||**4 103**
**17 924**
**2 881**
**32 832**
**33 059**|
, Ms A churchill-Fabian 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**