Registsred number.. 08647926
Charity number: 1154388
MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Admin13trative Detslls of the Charlty. Its Trustees and AdviseT8
Trustees. Report
Independent Auditors, R8POrt on the Financlal Ststsment8
ststement of Flnancial Actlvlties
10
Balance Sheet
Note8 to th8 Financlal Statements
12-22

MONTESSORI COMMUNITY SCHOOL
(A Gompany Llmited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Mr Alexander Philip George Bensted, TTuslee
Mrs Clare McGachen. Trustee
Company regi3tered
number
08647926
Charlty registered
number
1154388
Reglstered office
183 Townmead Road, Fulham
London
SW6 2JX
Company secretary
Mrs Winnle Minling Cao Sharples
Chief execulive offlcer
Mr Alexander Philip George Bensted
Independent audltors
Warrener Stewart
CharteTed Accounlants
Harwood House
43 Harwood Road
London
SW6 4QP
Bankers
HSBC
281 Chiswick High Road
London
W4 4HJ
Solicitorn
David Taylor ( Hanne & Co Solicitors & Nolary Public)
St. Johns Chambers, 1G St. Johns Hill
London
SW11 1TN
Page 1

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present thelr annual report logelher wtlh the audiled fmancial slalements of the Montessori
Communily School for the 1 Seplember 2023 to 31 August 2024. The Annual Report serves the purposes of
both a Trustees, report and a directors. report under company law. The Trustees confirm thal the Annual Report
and financial stalemenls of the charitable company compty wilh Ihe current stalutory requirements, the
requirements of the charitable Gompanls goveming document and Ihe provisions of the Statemenl of
Recommendad Practi￿ (SORP) applicable lo charilies preparing their accounts in accordance wilh Ihe Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS102) (effeclive 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required
of medium and large companies under Ihe Companies Act 2006 (Strategic Report and Directors. Report)
Regulations 2013 has beèn omitted.
Summary
The Trusle8s are satisfied with Ihe performance of the Charity during Ihe year and the poslllon at 31 August
2024 and Consider that the Charity is in a strong position to conlinue ils activilies during the coming year and Ihat
the Charitws assels are adequate lo fulfil ils obligations.
Objectives and actlvities
a. Pollcl8s and objectives
Th8 school provides a public benefit fof all families who enrol Iheir children with us. The school provides
affordable childcare and education for all Children. induding those wilh special educational needs or disabililles.
The school does nol discriminale againsl families based on their background or ability to pay. The school fees
are considered reasonable by Ihe Trustees to fund Ihe services offered by the school. Working families benefit
from the school remaining open for 50 weeks of Ihe year, allowing parents to continue working in the knowledge
their child is being cared for. Children, who are enrolled at our school, benefit from a nuriuring environment and
access to qualily care and education throughoul Ihe year. Members of staff also receive benefit by way of
employment.
In selling objectives and planning for activities, the Twslees have gwen due consideration lo general guidance
published by the Chariiy Commission relating to PLJblic benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
A summary of the objectlves of the charity as set out In its goveming documenl
To provide full day childcare services lo the local community all year round.
To use Monlessori Teaching methods to teach children from three months lo five years of age.
To support and help single parents and V￿rkIng parenl families.
The charity's alms
We aim to provide a friendly, Clean, comfortable and safe environment for learning within which Ihe children will
be stimu12ted and challenged and where enjoyment and fun are linked with discovery. The staff are sensitive and
responslve lo Ihe individual needs of the chlld.
Page 2

MONTESSORI COMMUNITY SCHOOL
(A Company Umited by Guaranteèl
TRUSTEES. REPORT ICONTINUEOI
FOR THE YEAR ENDED 31 AUGUST 2024
Objectlves and actlvltles Icontinued)
An explanation of the charltys main objeGtives for the year
Our objectives for the period September 2023 lo August 2024 were lo provide CL)ns15tenlly hlgh standards of
care and education for children, aged Ihree months lo five years, who allend our school. We use Monle5sori
Teaching methods to support the development of the children and to ensure Ihey meet their 8ge-appropiiate
developmental steps, as sel out in the Early Years Foundation Stage slalulory framework. Thé school pyovides
the above services to all families. induding low-income and working families. We offer 15-hours and 30-hours
free childcare for eligible working families. The school employs an average of 17 staff, rjf which 2 are
adminislralive staff. The School provides its service throughout the year, including normal school holidays, and
only closes for ttvo weeks over the Summer and Christmas period. The school Is managed by iruslees and the
school employs a manager and deputy rnar￿ger lo manage the day to day operalion of the school.
b. Strategies for achlevlng oblectives
We have had the pleasure of leaching and assisling in the developrnenl of the lives of the children from very
diverse backgrounds from many differenl counlries. Each Gultural difference is encouraged and ils imporlance
endorsed. We believe that we have contributed to the all-round grovrth of these children within our community.
Achievement$ and performance
Review of activities
Through continued receipt of local authority assisled funding and school fees paid by families capable of
affoiding this, we have again provided high-qualily childcare and educational services for fifty weeks of the year.
The Trustees consider the year to have been successful in the view that the Charity has conlinued lo meet ils
objectives and has provided a subslanlial public benefil for the local ￿mMunity.
Flnanclal revlew
. Golng concern
After making appropriate enqulries. the Trustees have a reasonable expectation Ihal the Charity has adequate
resources lo continue in operational exislence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policses.
b. Prln¢lpal fundlng
Montessori Communily School is primarily funded through school fees which CLsver 85D/o of the tolal income
received. The remaining 15°h is received through local aulhority grants. In summary, the operation of the
charitable activity resulted in a lotal funds surplus of £517,924 at 31 August 2024 (2023.. £362,267).
The finance of the School continues lo be smoothly managed against the budget with regular revenue and cash
forecasts.
Page 3

MONTESSORI COMMUNITY SCHOOL
(A Company Limlted by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Struclurei governance and management
a. Constltutlon
Montessori Community School is registered as a charitable company limited by guarantee and was set up by
Trust deed. There is therefore no share capital,
b. Methods of appointment or electlon of Trustees
The management of the Charity is Ihe responsibiliiy of the Trustees who are elected and co-optéd under th8
lemis of the Trust deed.
Plans for future p8rlods
The school will endeavour to continue on the above path with the involvement of the parents and families of the
children. Our leaching staff and managemenl a￿ wholly committed lo our policy.
ststemenl of Trustees. responslbllltles
The Ttvslees (who are also the directors of Ihe Charity for the purposes of company lawl are responsible for
preparing the Trustees. Report and the financial statements in accordance wilh applicable law and United
Kingdom Accounting Standards <Uniled Kingdom Generally Accepted Accounling Praclice).
Company law requires Ihe Truslees to prepare financial slalements for each financial Under company law, the
Trustees must not approve the financial slalemenls unless they are satisfied Ihal they give a true and fair view of
the stale of affairs of the Chariiy and of ils incoming resources and application of resources, including ils income
and expenditure, for that period. In preparing these financial stalements, the Truslees are required lo..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles of the Charilies SORP {FRS 102).,
make judgments and accounting eslimales that are reasonable and prudenl.,
stale whether applicable UK Accounting Slandards {FRS 102) have been followed, subject lo any material
departures disclosed and explained in the financial statements:
prepare the financial statements on the going concem basis unless it is inappropriale lo presume thal the
Charity will continue in business.
The Trustees are responsible for keeplng adequale accounting records that are sufficient to show and explain
the Charily's transactions and disclose with reasonable accuracy al any lime the finanaal position of the Charity
and enable them lo ensure that the financial statemenls comply with Ihe Companies Act 2006. They are also
responsible for safeguarding the assels of the Charily and hence for taking reasonable steps for Ihe prevenlion
and deleclion of fraud and other irregularilies.
Dlsclosure of informatlon to auditorJ
Each of the persons who are Truslees at the time when this Trustees. Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit infomialion of which the charity's auditors are
unaware. and
Ihat Trustee h2S taken all the sleps that oughl to have been taken as a Truslee in order lo be aware of
any relevant audit information and to establish that Ihe charitls audtlors are aware of that information.
Page 4

MONTESSORI COMMUNITY SCHOOL
(A Company Llmited by Guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Audltors
The auditors, Warrener Stewart, have indicated their willingness to continue in office. The designated Trustees
will propose a motion reappoinling tho audilors at a meeting of Ihe Trustees.
Approved by order of th
members of the board of Trustees and signed on thelr behalf by:
MrA
exander Phillp George Bensted
Dlrector and Trustee
Mrs Clare McGachen
Director and Truslee
Date.. 14 May 2025
Page 5

MONTESSORI COMMUNITY SCHOOL
IA Company Llmited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL
Opinion
We have audited the financial slalemenis of Montessori Communiiy School (the 'charitable Gompanl) for the
year ended 31 August 2024 which comprise the Statement of Financial Aclivilies. the Balance Sheet, the
stalemenl of Cash Flows and the related notes. induding a summary of significant accounting policies. Tha
financial reporting framework Ihal has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. induding Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Klngdom Generally Accepted Accounting Practice).
In our opinion the financial slatemenls..
give a true and fair view of the stale of the charitable cornpanvs affairs as al 31 Augusl 2024 and of its
incoming resources and application of resources, including its income and expenditur8 for Ihe year then
ended.,
have been property prepared in accordance with United Kingdom Generally Accepied Accounting
Praclice,. and
have been prepared in accordance with Ihe requirements of the Charities Act 2011.
Basis for oplnion
We conducted our audit In accordance wrth Snlemalional Slandards on Auditing (UK) {ISAs (UK)) and applicable
law. Our r&sponsibililies under those standards are further described in the Auditors, responsibililies for the audil
of Ihe financial slalemenls section of our report. We are independent of the charitable company In accordance
with the ethical requiremenls that are relevant lo our audit of the financial slatemenls in the United Kingdom.
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilllies in accordance wilh these requiremenls. We believe thal the audit evidence have obl8ined Is
suflicient and appropriale to provide a basis for our opinion.
Concluslong relating to golng concern
In auditing the financlal statements, we have CA)ncluded Ihat the Trustees, usè of the going concern bashs of
accounting in the preparalion of the financial slalements is appropriate.
Based on the work we have performed. we have nol identified any material uncertainties relating lo events or
conditions that, individually or collectively. may cast significant doubl on the charitable companvs abilily to
continue as a going concern for a period of at least twelve months from when the financial staternenls are
authorised for issue.
Our responsibilities and the responsibilib'es of Ihe TNslee$ wilh respect lo going concern are described In the
relevant sections of this report.
Page 6

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL
(CONTINUED)
other Infomiation
The other information comprises the informalion included in the Annual Report olher than the financial
slatements and our Auditors. Report Ihereon. The Trustees are responsible for the other informallon conlained
within the Annual Report. Our opinion on the financial slalements does nol cover the other informalion and,
except lo the extent otherwise explicitly slaled in our report, we do not express any form of assurance conclLtsion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
inforfflation is materially inconsislenl with the financial slalements or our knowledge oblained in the course of Ihe
audit, or olhewise appears lo be materially misslaled. If we identify such malerial incnnsislencies or apparent
material misstatements, we are required lo determine whelher this gives rise lo a material misstatement in th@
financial slalements themselves. If, based on the work we have performed, we conclude that there is a material
misslalemenl of this other informalion. V￿ are required to reporl that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exception
We have nothing lo report in respect of the following mattèrs where the Charities (Accounts and Reports)
Regulations 2008 requires us lo report to you if, in our opini¢)n'.
the information given in the Trustees, Report is inconslstenl In any material respect wilh Ihe financial
slatemenls- or
sufficient accounting records have not been kept., or
Ihe financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations V￿ require for our audit,
Responsibllltles of trustee$
As explained more fully in the Trusl8es' Responsibilities Slalement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for Ihe preparation of the financial
statemenls and for being satisfied that they give a Irue and fair wew, and for suth internal conlrol as the
Trustee5 determin8 is necessary to enable the preparation of financial slalements that ar8 free from material
misslalement, whelher due lo fraud or eKror.
In preparing the finanaal statements, the Trustees are responsible for assessing the charitable company's abilily
lo continue as a going concern, disdosing, as applicable, mallers related lo going concem and using the going
concem basis of accounting unless the Trustees either intend lo liquidate Ihe charitable company or lo cease
operations, or have no realislic altemative bul to do so.
Page 7

MONTESSORI COMMUNITY SCHOOL
(A Company Llmited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL
ICONTINUEDI
Auditors, responsibilities for the audlt of the flnanclal ststements
We have been appointed as audilor under section 145 of the Charities Aci 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo oblain reasonable 3ssurance about whether the financial stalemenls as a whole are free
from material misslalement. whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that ari audil condLtcted in
accordance with ISAS (UK) will always detect a malerial misslatemenl when il exisls. Misslalemenls can arise
from fraud or error and are considered maleTial if. indimdually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, oullined above. lo delecl material misstalemenls in respect of irregularities,
ncluding fraud. Th8 extent to which our procedures are capable of delecling irregularities. Includin9 fraud is
detailed below..
We gained an understanding of the legal and regulatory fraTnework applicable to the charitable cornpany and the
industry in which it operates. and considered the risk of acts by the charitable company that were contrary to
applicable laws and r8gulations, induding fraud. We designed audit procedures to respond to the risk,
recognising thal the risk of not detecting a materi81 misslatemenl due lo fraud is higher than the risk of not
delecling one resulting from error, as fraud may involve deliberale concealment by, for example, forgery or
inlenlional misrepresentations, or through collusion.
We focused on laws and Tegulalions, departures from whlch wuld givè rise lo a material misslalemenl in the
financial 51atemenls, including, bul not limited lo. the Charities Act 2011.
We designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures
involved..
Enqulries Of management regarding any instance of fraud, non-compliance with laws and regulations and any
actual and potential litigation and Claim5.
Addressing the fraud risk over revenue recognition and expenditure as a whole, through both analytical and
subslanlive procedures.
Reading financial statement discbsures to assess compllance wtth applicable laws and regulalions.
There are inherent limitations in tha audit procedures described above and, the further removed non-compliance
with laws and regulalions is frorn the events and transactions reflected in the financial slalements, Ihe less likely
we would become aware of il. We did nol identify any key aLtdil matters relating to irTegularilies, including fraud.
As in all our audits, we also addressed the risk of management ovetride of internal controls, including lesling
journals and evalualing whelher Ihere wa5 evidence of bias by managemenl that represenled a risk of malerial
misstatement due to fraud.
A further descriplion of our responsibifilies for the audit of the financial slatemenls is located on Ihe Financlal
Reporting Coundl's website at..
-frc.or
.uklaudi
res
onsibilities. This description forms part of our
Auditors, Report.
Page 8

MONTESSORI COMMUNITY SCHOOL
(A Company Llmlted by Guarnnteel
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL
{CONTINUED)
Use of our report
This report Is made solely lo the charitable companvs trustees, as a body, in accordance with Part 4 of the
Charities (Accounls and Reports) Regulations 2008. Our audil work has been underlaken so Ihat we might stale
to Ihe charitable companvs truslees Ihose matters we are required to sta18 to them in an Auditors, Report and
for no other purpose. To the fullest exlenl permitted by law, we do nol accept or assume responsibility lo anyone
other than the charitable company and ils members, as a body, for our audit work, for this report, or for the
opinions we hav
Alex Eagle (Senior Statutory Audltor)
for and on behalf of
Warrener Stewart, Statutory Audilor
Harwood House
43 Ha￿00d Road
London
SW6 4QP
14 May 2025
Warrener Stewart are eligible to ad as auditors in terms of section 1212 of the Companies Act 2006.
Page 9

MONTESSORI COMMUNITY SCHOOL
IA Company Limlted by Guardntee)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestrfcted
funds
2024
Total
funds
2024
Total
fvnds
2023
Note
Income from:
Charitable activities
Olher income
863,848
15,628
863,848
15,628
755,177
3,939
Total income
879,476
879,476
759,116
Expendilure on:
Charitable activitles
723,819
723,819
680,612
Total expendlture
723,819
723,819
680,612
Net movement in funds
q55.657
156.657
78,504
ReGonclllation of funds:
Total funds brought forward
Nel movemenl in funds
362,267
155,657
362,267
155.657
283,763
78,504
Totsl funds carried forward
517,924
517,924
362,267
The Slalement of Financial Activilies indLKles all gains and losses recognised in the year.
The notes on pages 1210 22 fom part of these financial statements.
Page 10

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Tangible assets
10
7,089
5,476
7,089
5,476
Current assets
Debtors
Cash al bank and in hand
11
14,784
659,204
39,246
386,285
673,988
425,531
Creditors.. amounls falling due within one
year
12
{163.153)
{68,740)
Total net assets
517,924
362,267
Charlty funds
Restricted funds
Unrestricted funds
13
13
517,924
362.267
Total funds
517,924
362,267
The entily was entilled to exemplion from audit under Section 477 of the Companies Act 2006.
The members have not requlred the entity to obtain an audlt for the year in question in accordance with sectlon
476 of the Companles Act 2006.
However, an audil is required in accoTdanGe with seclion 145 of the Charities Acl 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wilh respect to
accounting records and preparation of financial stalemenls.
The financial slatemenls have been prepared in accordance with Ihe provisions applicable to enlities subject to
the small companies regime.
The financial statements were approved and authorised for Issue by the Trustees and signed on their behalf by..
.G.J.
Mr Alexander Phillp George Bensted
Mrs Clare McGachen
Date.. 14 May 2025
The notes on pages 12 to 22 form part of these financial slatements.
P2ge 11

MONTESSORI COMMUNITY SCHOOL
IA Company Limited by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General informatlon
Monlessori Community School is a charitable company registered in England and Wales, Unlted
Kingdom. The registered office is 183 Townmead Road, Fulham, SW6 2JX.
Accounllng pollcles
2.1 Basis of preparation of financlal Statements
The financial statements have been prepared in a(xordance wilh the Charities SORP (FRS 102) -
Accounting and Reporling by Charities.. Statement of Recommended Praclice applicable lo charities
preparlng their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effedive 1 January 2019), the Financial Reportlng Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Monl6s50ri Community School meets the definilion of a public benefit entity under FRS 102. Assets
and liabililies are initially recognised at hislorical cost or transaction value unless otherwise slated in
the relevant accknunting policy.
2.2 Golng conGern
The Trustees have prepared these financial slatemenls on a going concem basls because they
conslder lh8 financial and operational silualion sufficiently slable lo assume going concern. On the
basis of a thorough risk analysis and healthy performance, management's view is Ihal Ihe Charity will
be able to meel ils finanaal obligations as they fall due for payment. Thls undertaking is to remain in
force for a period of al least 12 months from the dale of signature of these financial statements.
2.3 Income
All incom8 is recognised once the Charity has enlitlemenl lo thè income, it is probable that the
Income will be received and the am¢)unt of income receivable can be measured reliably.
Grants are included in the Slalemenl of Financial Activilies on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of enlillement of receipt, ils
reGognilion is deferred and included in creditors as deferred income. Where enlitlement occurs
before income is re¢eived. the income is accrued.
Other income is re¢ognised in Ihe period in which it is Teceivable and to the extent Ihe goods have
been provided or on complelion of the ser￿Ice.
2.4 Expenditure
Expenditure is recognised once Ihere is a legal or constructrve obligation to transfer economic benefit
lo a third party, it 15 probable that a transfer of economic benefits will be required in settlement and
the amount of the obligalion can be measured reliably. Expenditure is dassified by activily. The costs
of each activity are made up of the lolal of direGt costs and shared costs, including support cosls
involved in undertaking each activity. Direct costs attributable to a single aclivlty are allocated direclly
lo that 2Ctivily. Shared cosls which contribute to more than one acliwty and support costs which are
not allribulable to a single activity are apporfioned belween those activilies on a basis consislenl wilh
Ihe use of resources. Central slaff costs are allocated on Ihe basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Page 12

MONTESSORI COMMUNITY SCHOOL
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng poliGles (contlnued)
2.4 Expenditur6 (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitys objectives, as well as any associated support costs.
All expendilure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating io tangible fixed assets are treated as deferred income and released lo
the Slalement of Financial Activities over the expected useful lives of the assets concerned. Other
granls are credited lo the Statement of Financial Activilies as the related expenditure is incurred.
2.6 Tanglble flxed assets and depreclallon
Tanglble fixed assets are initially recognlsed al cost. After recognition, under Ihe cost model, tangible
rixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed assel into ils intended working rAndition should be
induded in the measurement of cost.
At each reporting dat8 Ihe Charity assesses whether there is any indication of impalrmenl. If such
indication exisls, the recoverable amount of the assel is delemiined lo be the higher of ils fair value
less costs to sell and its value in use. An impairmenl loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation Is charged so as to allocate Ihe cost of langible fixed assels less thelr residual value
over Iheir estimated useful lives, using Ihe slraighl-line method.
Deprecialion is provided on the following basis:
Fixtures and fillings
Office equipmenl
25%
250/4
2.7 Debtors
Trade and other debtors are r8cognised at the settlement amount after any trade discount offered,
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investmen15 Wlth a short malurily
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng policies (continued)
2.9 Llabllities and provl6ion8
Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past
event. il is probable Ihal a transfer of economic benefit will be required in settlemenl, and the amount
of the settlement can be estimaled reliably.
Liabilities are recognised at the amount that Ihe Charily anticipates il will pay lo settle Ihe debl or th8
amount11 has received a5 advanced payments for Ihe goods or services it must providé.
Provisions are measured at the best eslimale of the amounts required to sellle the obligation. Where
the effecl of the lime value of money is maleTial, the provision is based on the present value of Ihose
amounts, discounted at the pre-lax discounl rale that reflects Ihe risks specific to Ihe liability. The
unwinding of th8 discount is recognised in the Slalement of Financial Aclivities as a financ8 cost.
2.10 Flnancial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are inilially recognlsed al transaction value and subsequerblly
measured al their seltlemenl value with the exception of bank loans which are subsequently
measured al amortised cost using the effeclive interest method.
2.11 Flnance leases and hlre purchase
Assels oblained under hire purchase conlracts and finance leases are capilalised as tangible fixed
assets. Assels acquired by finance lease are depreciated over the Shorter of the leas8 term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by Ihe Charity.
Obligalions under such agreements are included in credilors, net of the finance charge allocated to
future pèriods. The finance element of Ihe renlal payment is charged lo the Statement of Financial
Activities so as to produce a constant periodic rate of charge on the nel obligalion oulslanding in
each period.
2.12 P8nsionB
The Chafity operates a defined contribution pension scheme and the p6nsion charge represenls Ihe
amounts payable by the Charily lo the fund in respecl of the year.
2.13 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objeclives of Ihe Ch8rity and which have nol been designated for other
purposes.
2.14Wlnding up or dlssolutlon of the Charlty
If, upon winding up or dissolution of the Charily. there remain any assets. after the salisfaclion of all
debts and liabilities, the assets represented by the accumulated fund shall be transferred to some
other charilable body or bodies having similar objectives to the Charity.
Page 14

MONTESSORI COMMUNITY SCHOOL
{A Company Limlted by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from Gharitable activlties
Unrestricted
funds
2024
Total
funds
2024
Nursery educational operations
863,848
863,848
Unr8Stricted
fvnds
2023
Total
funds
2023
Nursery educational operations
755,177
755,177
Other incoming resourceg
Unreslricted
funds
2024
Total
funds
2024
Bank interest
15,628
15,628
Untsstricted
funds
2023
Tot81
funds
2023
Bank interest
3,939
3,939
Analysis of expendlturo on charliable activities
Summary by fund type
Unreslrlctsd
funds
2024
Totsl
2024
Nursery educational operations
723,819
723,819
Page 15

MONTESSORI COMMUNITY SCHOOL
(A Company Limited by Guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure on charltable activities (continued)
Summary by fund type lcontlnued)
Un￿Stricted
lunds
2023
Total
2023
Nursery educational operations
680,612
680,612
Summary by Èxpendlture type
Staff costs Depreclatlon Other costs
2024
2024
2024
Totsl
2024
Nursery educalional operallons
430,141
1.687
291,991
723,819
Staff costs Depreciation Other costs
2023
2023
2023
Total
2023
Nursery edurAlional operations
413,849
694
266,069
680,612
Analysls of expenditure by actlvllles
Actlvlties
undertaken
diroclly
2024
Total
funds
2024
Nursery educalional operations
723,819
723,819
Activities
und&rtaken
￿1￿CtlY
2023
Total
funds
2023
Nursery edU￿tiOnal operations
680.612
680.612
Page 16

MONTESSORI COMMUNITY SCHOOL
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of expenditure by actlvities (continued)
Analygls of dlrect costs
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Training, recruitment and welfare
Motor, travel and subsistence
Enterlainlng
Educational and school suppII8s
Rent and rates
Lighl and heal
Cleaning
Repairs and renewals
Premises expenses
Telephone and fax
Printing postage and stationery
Subscriptions
Software and equipment
Legal and professional
First aid and clothing
Bank charges
Accountancy fees
Bad debt
Governance costs (see note 7)
430,141
1,687
12,495
5.964
584
70,740
92,518
10,593
S,556
17,066
28,485
1,925
1,49S
735
2,619
29,443
2,596
66
1,762
149
7,200
413,849
694
4,549
6,326
699
82,199
71,543
8,427
4,250
23,238
22,198
2,751
1.117
886
1,948
24,647
2,630
107
1,620
6,900
723,819
680,612
Auditors, remuneration
The auditors, remuneration amounts to an auditor fee of £5.100 Q023 £4,500), and accounts
preparation Services of £2,100 (2023- £2,100).
Page 17

MONTESSORI COMMUNITY SCHOOL
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs
2024
2023
Wages and salaries
Social securily costs
Other pension costs
402,701
20,914
6,526
387,718
19,945
6,186
430,141
413,849
The average number of persons employed by the Charity during the year was as follows:
2024
2023
No.
Engaged on charitable activities
Engaged on management and administration
15
14
17
16
The number of employees whose employee benefits (excluding employer pension cosls) exceeded
£60,000 was..
2024
2023
No.
Key management personnel
In the band £70.001- £80.000
One member of key managemeni personnel received total benefits of over £60,CQO induding salary and
sacrifice pension conlribulions.
Trustees, remuneration and expenses
During the year, no TnJstee8 received any remuneration or other benefi15 (2023 - £NIL).
During the year ended 31 Augusl 2024. no Trustee expenses have been incurred {2023 - £NIL).
Page 18

MONTESSORI COMMUNITY SCHOOL
IA Company Limitsd by Guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Tangible fixed assets
Fixtures and
fittlng8
Offlce
equipment
Totsl
Cost orvaluation
At 1 Seplember 2023
Additions
2,394
3,300
3,885
6,279
3,300
Al 31 Augusl 2024
5,694
3,885
9,579
Depreclatlon
At 1 September 2023
Charge for the year
150
822
653
865
803
1,687
Al 31 August 2024
972
1,518
2,490
Net book value
Al 31 August 2024
4,722
2,367
7,089
Al 31 August 2023
2,244
3.232
5,476
11. Debtors
2024
2023
Fees in arrears
Other dèbtors
Prepayments and accrued income
914
2.916
26,751
9,580
4,537
9.333
14.784
39,246
Page 19

MONTESSORI COMMUNITY SCHOOL
IA Company Llmlted by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Creditoys: amounts falllng due within one year
2024
2023
Olher laxalion and social security
Other creditors
Accruals and deferred income
7.761
73,258
82,134
8,347
40,137
20,256
163,153
68,740
13. Ststsment offund8
statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expenditure
Unre8trlcted funds
Reserves
Unallocated amounts
362,267
879,476
(729,393)
5,574
512,350
5,S74
362,267
879,476
1723,8191
517,924
Statèmènt of funds - prior year
Balanc8 at
I Septemb8r
2022
8alance al
31 Augusl
2023
Incom8 Exp8ndilure
Unrestricted funds
Reserves
283,763
759,116
(680,612)
362,267
Page 20

MONTESSORI COMMUNITY SCHOOL
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Analysls of net assets between funds
Analysis of net assets between funds - Gurrent perfod
Unrestricted
funds
2024
Totsl
funds
2024
Tangible fixed assets
Current assets
Creditors due within on8 year
7,089
673,988
(163,153)
7,089
673,988
1163,153)
Total
517,924
517,924
Analys18 of net assets betrween funds - prior pèriod
Unreslricled
funds
2023
Total
funds
2023
Tangible fixed assels
Current assets
Creditors due within one year
5,476
425,531
(68,740)
5.476
425,531
(88,740)
362,267
Total
362,267
15.
Penslon commith)ents
The Charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from Ihose of the Charity in an independenlly adminis16red fund. The pension cost charge
represents contributions payable by the Charity lo Ihe fund and amounted to £6,526 12023 - £6,186).
Contributions lolaling £2,515 (2023 - £2,589) were payable to the fund at Ihe balance sheel date and are
induded in credilors.
Page 21

MONTESSORI COMMUNITY SCHOOL
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Operating lease commitments
Al 31 August 2024 the Charity had commitments lo make ftjture minlmum lease payments under non-
cancellabie operating leases as follows:
2024
2023
Not later than 1 year
60,462
As of 31 August 2024 the lease for the school site was under negolialion, resulting In there being no
lease commilmenl at the year end. Post year end, this has been secured for a maximum of five years
from February 2025.
17. Members. Ilablllty
The Charity is Incorporated under Ihe Companies Act and is limited by Guarantee. Each member of th8
charitable company undertakes to conlribule to the assets of the company in Ihe event of it being wound
up while helshe is a member. 01 within one year after helshe ceases lo be a member, such amount as
may be reqLJired. not exceeding £1 for thè debts and liabililles contracted before helshe ceases lo be a
member. As such the company has no share capital.
Page 22