Rggl$tgr•d number: 08847926 Ch8rlty numb&r: 1154388 MONTESSORI COMMUNITY SCHOOL (A Company Llmiled by Guarantee TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MONTESSORI COPItMUNITY SCHOOL IA Company Umlted by Guarantee) CONTENTS Page Roferonc• and Admlnlstratlve Dotslls of the Charlly. Its Trust•o$ and Advlsers Trusiees. Report Indopandont Audltor$' Report on the Flnanclal Statom6nt8 Statoment of Flnan¢lal Actlvltles 10 Balance Shggt Notes to thg Flnanclal Statem9nts 12-21
MONTESSORI COMMUNITY SCHOOL IA Company Llmltod by Guarant•e) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TrUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Tru51ees Mr Alexander Philip Georg& Bfjnslgd, Trustee Mrs Clar6 McGachen, Trustèe Company rngl$tergd numbér 08647926 Charlty reglstered number 1154388 Registored office 183 Townmèad Road, Fulham London SW6 2JX Company secretary Mrs Winnie Minling Cao ShaTple8 Chlef executlve offlcer Mr Alexander Phllip GeoTge Bensled Independent audltors Warrener Stewart Chart8r8d Accourslants Harwood Hous8 43 Harwood Road London SW6 4QP Bankers HSBC 281 Chlswlck Hlgh Road London W4 4HJ Sollcltors Davld Taylor l Hanne & Co Solicitors & Notary Publlcl st. Johns Chamber5. 1c Sl. Johns Hill London SW11 1TN Page 1
IIONTESSORI COMMUNITY SCHOOL IA Company Llmll¢d by GuarantO01 TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present th8lr annual report together wlth th? audlled financial statements of the Monlessorl Communlly School for the year 1 Seplember 2024 10 31 August 2025. The Annual Report seNes Ihe purposes of both a TruslÈes' report and a dlreclors, report under company law. The Trustees conflrm that the Annual Report and flnancial slalemenls of the charll8b16 company comply with the current slalulciry roqulremenls, the requlrements of th8 charltsbla wmpanls govemlng document and Ihe provisions of the Slalemenl of Recommended Practice ISORPI applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicablè in th8 UK and Rapublic of Ireland {FRS1021 leffedive 1 January 20191. Slnce the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Repwt roquired of medium and large companies under the Companles Acl 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omilled. Summary The Tw8l&es are sallsfled wllh the perForman¢e of the Charity durlng the year and the position at 31 August 2025 and considèr that the Charity is in a stron9 position lo conllnue ils aclivlti8s during the ¢omlng year and that the Charill8 a88els are adequate io fulfil ils obligations. ObJg¢tives and actlvitles a. Poll¢l•s and obl•ctlvès The School provides a public benelil lor all families who enrol their children with us. The school provides affordable childcare and education for all children. including thos8 with special @ducalional nèeds or disabilities. The school does not discriminate against families based on their background or ability lo pay. The school fses are considered reasonable by the Trustees to fund the services offered by tho school. We offer 15-hours and 30- hours funded places to eligible working families. Worklng families benefi't from thg school remainlng open for 50 weeks of the year, allowing parents lo continue working in the knowledge Ihelr chlld Is belng carod for. Ghildren. who are enrolled at our school. benefit from a nurturing envlronment and access to quality care and edu¢8llon throughout th8 y8ar. Memb8rs of staff also receive b8n8fil by WBY af employment. In setting objectives and planning for activilles. Ihg Trustees have glven du8 consld8rallon lo gen8r81 guldance published by th8 Charity Commlsslon relating to public benefit, Includlng the guIdar9 'PuLllc bengfltr running a charity {PB21'. A Summary of tho oble¢tlvv$ of tho charlty as S¢t out in Its govgrnlng document To provlde full day chlldcare selvlces to the local communlly all year round. To use hAonlessorl T&8chlng methods lo leach ohildr8n from three months lo five years of age. To support and help single p8r8nl8 and worklng parent fam1118S. To offer 1&hours and 30-hour8 funded places lo eligibl8 woiking familie8. The charlty's alm$ We aim lo provlde a friendly, clean, eomfortable and safe environmenl for learnlng wllhln whlch the children wll be sllmulaled and challenged and where enjoyment and fun are1Snked wlth dlscovery. Th8 staff are senslllve and responslve lo th8 individual needs of the chlld. Page 2
MONTESSORI COMMUNITY SCHOOL (A Company Umlted by Guarantèe) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectlves and activltbgs Icontinu•dl An explanatlon of thg Gharlty's maln obJectlv•s for the year Our objocllves for the perlod Septsmber 2024 to August 2025 wer8 to provide consislgnlly hlgh Standards of care and education for ¢hildren, aged thr&& months lo five years, who allenij our schuol. We us8 Montessori Teachlng methods io support the development ol the children and to ensurè thèy m881 Ihelr age-appropriale devglopmental slep8, a8 sel out In the Early Years Foundatlon Stage slalutory framework. The school provides Ihe above servlces lo all families, including k)w-income and WQTking families. Wo offer 15-hour5 and 30-hDurg funded places for eligible working families. The school employs an 8V8rage of 17 staff, of whlch 2 are adminislralive staff. The School provides its selvice throughout the year. induding normal schoDI holidays, and only closes for weeks over the Summer and Christmas period. The school 58 manag8d by Iruslees and the school employs a manager and deputy manager to manage the day lo day operallon of the school. b. Strategles for achlevlng obJ•ctlv8s We have had tho pleasuro of teachlng and asslsting in the dgvelopmenl of the Ilves of the chlldren from vèry diverse backgrounds from many diff@r8nt countries. Each cultural diff8r8nca is encouragod and Importance endorsed. We believe that we have conlribuled ID the all-round growth ol these ¢hlldrfjn wllhin our communily. Achleyements and performance a. Revlew of actlvltlos Through continued receipt of local authority assisled funding and sch(K)I fees paid by families capable of affording this, we have again provided high*ualily childcare and educational seNic8s lor fifty w88ks of the year. The Trustees consider the year to have been successful in the view thal the Charity has continued lo meot Sts objectives and has provided a substantial public benefit for the lo1 community. Flnancial review . Golng concern After rnaking appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For thi5 rèason, they continuo lo adopt the going concem basls In preparSng the financial slalemenls. Further detalls regarding the adoption of tha golng concern basis can b8 found in the Bccounting policles. b. Prlnclpal fundlng Monlessorl Communlty School Is prfmarlly fundgd through school fees whlch cover 77Yo of the total income recelved. The T8rnalnlng 23Yo is recelved through I¢Jc81 authorfly grants. In summary, the operation of th8 charltable activity resulted in a total funds sU$ of £744,488 al 31 August 202512024.. £517,924). The finance of the school contlnues to be SmthlY manag8d again8t the budget with Trgular r8venue and cash foTe¢asls. Page 3
MONTESSORI COMMUNITY SCHOOL {A Company Llmlted by Guarantee) TRUSTEES. REPORT{CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 202S Structure, governance and management a. Constltullon Montessori Community School is regislergd as a charllable company limited by gu8ranleè and wa5 set up by Trust deed. There Is therefore no share capltal. b. Methods of appolntment or elèctlon of Trust8e8 The management of th8 Charity is tha responsibility of the Trustees who are elecled and co-opted under thè terms of the Trust deed. Plans for futur• porlods Tho school will endeavour to contlnue on the abovo p8lh with the Involvement of the parents and famlll8s of tha children. thjr teaching slaff and management are wholly commltted lo our policy. Statement of Trust•o8' rosponslbllltl•s The Trustees (who are also Ihe directors of the Charfly for the purposès of company lawl are responsible for preparlng the Trustees, Report and the financlal statements in 8ccordan¢e th appllcable law and Unil Klngdom Accounting Standards (United Kingdom Generally Accept9d Accounting Practic81. Company law requires the Trustees lo prepare fi'nancial stotemen15 for each financial . Under company law, Ihe Trustees musl not approve the financial slalemenls unloss they arg salisfied that they give a true and fair vlew of the stale of affairs of th8 Charity and of its inming rgsources and appllcation of resources. including ils income and expendilurg, for that perlod. In pieparing these flnanclal slatem8n18. Ihe Tru8tees are required lo: 8e18Ct suitable accounting pdici8s and then apply them conslslgnuy., observts the m6lhods and princlples of tho Charitigs SORP IFRS 1021.. make judgments and accounting eslimatgs that are r8a8onable and prudent- stale whelhfjr appllcablo UK Accountlng Standards IFRS 1021 have been followed, subj8Ct lo any mal8rlBI departures disclosed and explained in the financial st8t8mènts', prepare the financial statements on the going nrn basis unlgss11 Is inappropriate to presume that the ChaTty will continue In tmjslness. The Trustees are responslbla for keeplng adequate accounting recor(Is that 8r8 sufflcl8nt lo show and explain the Charity's transactions and disclos8 with reasonable AeGuracy al any lime the financial position ol the Charity and enable them lo ensure that Ihe financial stalemenls comply with the Companies Acl 2006. They are also responsible for saf&ouarding the assets of the Charity and henc8 for taking reasonable steps for the prevention and detection of Iraud and other ifregularilles. DSsclosure of Informatlon to auditors Each of the per8On5 who ar8 Trustee8 al the lim8 when this Trustees. Report is aRvroved has confirmed that- so far as that Trust8& is aware, there is no r8levanl audit informalSon of which the charills auditors are unaware. and that Trustee has taken all the steps that ought lo have been taken as a Trusl6e in order lo be aware of any relevant audll information and to esiablish that the charitls auditors are aware of that infomi8110n. Pag8 4
MONTESSORI COMMUNITYSCHOOL IA Company Llmlted by Guarantse) TRUSTEES. REPORT ICONTINVED) FOR THE YEAR ENDED 31 AUGUST 2025 Auditor5 The auditors, Vvarrener Stewart, have indicated Ihelr willlngness lo continu8 in offtce. The designalgd Trustees will propose a motion re8ppoinling the auditors al a meeting of the Trustees. Approved by order of the members of the board of Trustèès and signed on their behalf by.. Mr Alexander Phlllp G•oige Bensted Dir8clor and Trustee rs Clare McG•chen Director and Trustee Dal8: Pagè 5
MONTESSORI COMMUNITY SCHOOL IA Company Llmlted by Guarantse) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL Oplnlon We have audlted the financial slatsmenls of Montessori Community School {the 'ch8rllable companll for the year ended 31 August 2025 which comprlse the Slalement of Financlal Activities, tho Balance Sheet, the Statement of Cash Flows and thè related notes. Including a summary of slgnificanl 8ccounling poll¢les. The flnancial reporting framework that has been appli8d in Ihelr preparallon is appllcable law and Un51ed Kingdom Accounling Standards, including Financial Reporting Standard g02 'The Financial Rgporting Standard 8ppllcable in the UK and Republic of Irgland, (United Kingdom Generally Accepted Accounting P¥a¢licel. In our opinlon the financial statements- glve a truè 8nd falr vlew of the stsle of the charitable companys affalrs 8s al 31 August 2025 and of ils Incoming resources and application of resources. including Ils income and expenditur8 lor thè year then ended., have been property prepared in accordance wllh Unlled Klngdom Generally Accepted Accountlng PraclSc8', and have been prepar8d in accordse wllh the requlrgmonts of the Chari1198 Act 2011. Basis lor oplnlo We conduct8d our audlt in accordance whh Intsrnattr)nal Slandaids on Audlting IUKI (ISAS IUK}l and applicable law. Our responsibilities undor Ihose 81andards are furthor described in Auditors, responsibilities for the 8iJdil of Ihe financial stalemenls sgetion of our report. We are indgpendenl of Ihg charitabl8 company in accordanco with th8 ethlcal requirements that are relevant to our audll of the financlal slalemenls in the United Kingdom, includlng the Financial R&porting Council's Ethical Standard. and we have fulfilled our other ethical respon8ibilllies in accordance wllh these requlrements. We believe that thè al11 evidence we have obtsined Is sufflclenl and appropriate lo provlde a basls for our oplnlon. Concluslons relatlng to gc*lng concem In audFtlng the financial slalemenls, we have Goncluded that the Tru81ees' use of the going concern basls of accounting in the pfeparalion of tha financial slatgments Is appropriat8. Bas8d on the work we havo perfomied. we hav6 not Idenllfled any malerfal uncertalnli8s ralallng lo evonls or ¢ondlllons that, indivldually or collectively, may east slgnlflcanl doubl on th& charitable companls ability to continue as a going concern for a period of al 198sI twelve months from when the financial statements are aulh0ri8ed for issue. Our responsibili118s and the responsibllities of the Trusl8es wlth respect to golng concem are described in the relevanl sections of this reporL Page fj
MONTESSORI COMMUNITY SCHOOL (A Company Llmlted by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL ICONTINUEDI Othèr Infom14tlon Th& othèr information ¢omprf8es the lnf0mia0n Iruded In the Annual Report other than the financlal slalemenls and our Auditors, RgPDrt Ihereon. The Trustees are responslble for the other inforrnallon conlalned within th8 Annual R8pDrt. Our oplnlon on the flnancial slatemenls does not cover the other informallon and, except lo the exlenl olherwise explicitly slated in our report, we do not express 8ny fomi of assuranc$ conclusion Ihgreon. Our r8sponsibilily 18 to read the other infom)ation and, in doing so, consider wh8lh8r the other Inlomiation is materially Snconslslent with the financial slalements or our knowledge obtained in the ¢ours8 of the audit. or olherwlse apppars to be materially mi8slaled. If we identify such material inconsislencies or apparent maleriRI misstatements, we are required Its determine whether this gives rise 10 8 material misstalemenl the linanclal slalgmenls themselves. If. based on the work we hav8 perfomied, we condude that there Is a malerlal misslalemenl of this other information. we are requlred lo report that fact. We hav6 nothing lo report In Ihl8 regard. Matters on whl¢h we are requlred to report by exceptlon We have nolhlng to report In respect of the fdlowng matters where Ihe Ch8rftles (Aceounts and R8port81 Regulations 2008 requlres us lo report lo you If, in our opinion= th8 infomialion given in the Tru8tees' Report 18 Inconslslent in any maleri81 respect wlth the financFal stalemenls,. or suffi'cient accounung CordS have not bggn kept; or the financial slalemenls are not in agreement with lh8 accounting records and relums., or we have not received all the information and explanalions we rgquir8 for our audit. R•sponslbllltle5 of trustees As trxplalngd more fulty in the Tru8lees' Responsibilities Statement, th8 Tru8t998 (who are also the diTe¢lors ol Ihe d)grilable company for the purposes of company lawl are responslble for th8 preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such inlemal control as th Trustees delermlne is necessary lo enable the pr8paration of financlal slalements that are free from malerfal misstalemenl, whether dLfe lo fraud or error. In preparing the fin8nclal stalernents, the Tmslees are responsible for assesslng the charitable rnpans 8bllty lo contlnue as a going concern, disdosing. as applicable. mallers related lo going concern and using Ihg golng concern basis of accounting unless the Trustees either Intend lo liquldats the charitable company or lo cease operallons, or have no realistic alternative bul lo do so. Page 7
MONTESSORI COP4JMUNITY SCHOOL IA Company Llmited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL (CONTINUED) Audltors. r8$pons1bllltS for the audlt of the linanclal statoment5 Wè have been appointed as audllor under sectlon 145 of the CharSlles Act 2011 and report In accordancg wlth the Act and r8lèvanl ragulalions made or havlng effect Ihereundor. Our obleclives are lo obtain reasonable assurancè about whether fhe financlal stalemer)Is as a whole are tree from material mlsstalemenl, whglher dLte lo fraud c>r error. and to 18sue ah Audllors, Rewrt that Includes our oplnion. Reasonab18 assurance Is a hlgh level of assurance, bul 18 not a guaranl8É that an audll conduc18d in accordance with ISA$ IUKI wll always delect a material misslatgmenl when il exlsls. Misslalemenls can arise from fraud or emr and a conslder8d material If, indiwdually or in the aggrFgale, they could reasonably be expected to Influence th8 economlc decisions of users taken on the ba8is of thèse financial slalemenls. Irregularlllos. including fraud, arè instances of non-complianc8 with laws and regulalltsns. We design procedurgs in line with our responslbilllles, outlined above, lo del1 material misstatements resp&¢l of irregularities, includlng fraud. The exlgnl lo which our procedures are capable of dele¢tlng Irregularities, inciudlng fraud 18 delalled below.. W8 galned an underslanding of the legal and regulatory framework applicable lo the charitable ¢ompany and the industry in which il operates. and consider8d the Tlsk of acts by the charitable company that were contrary lo 8ppll¢abl8 laws and regulations, including fraud. W& designed audil procedures lo respond to the risk, recognising that the risk of not delecling a material misstatement due to fraud is higher than the risk of not delecling one resulting from error, as fraud may involvo deliberat8 concealment by. for example. forgery c¥r Intsnlional misrepresentations, or through collusion. We focused on laws and regulatlons, departures from whlch could glve rls8 to a matgrlal misslalement in th8 flnanclal st81ements. including, bul not limited lo, the Charllles Act 2011. We deslgned our audit procedures lo identify non-compllance with such law8 and r8gulallons. Our procedures involvgd.. Enquirfes of management regar(ling any instance of fraud, non-compliarKe wtlh laws and regulations and any aclual and potential lillgalion and clBims. Addressing the fraud risk over revenue recognition and expendllure as a whole, through both analytlcal and substantive procedures. Reading financlal statement dls¢losur88 lo assess compllance with appllcable18ws and r8gulallons. There are Inherent limitations in the audit procedures d8scribed above and, the further r&moved non-complianc8 th laws and iegulalions is from the events and Iransacllons reflecled In tha financial stalemenls, the less Ilkely we would become aware of it. We dld not Identify any koy audit mallers relallng lo irregtJlariti8s, including fraud. As in all our audits, we also addressed the risk of management overrido of internal controls, Including lesting joumals and evaluating whether there was evirlen¢e of blas by management that represented a risk of materlal misslalement due lo fraud. A further description of our responslbililles f the audlt of the finand81 statsments is located on the Flnanclal Reporting Council's webslle at.. wvM.frc.or .ukl8udltorsres Auditors, Report. onsibililles. This desuiplon forms part of our Page 8
MONTESSORI COMMUNITY SCHOOL IA Cc>mpany Llmlted by Guarantfjol INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MONTESSORI COMMUNITY SCHOOL (CONTINUED) Uso of our report Thls report Is made solely lo the charitable companY$ trustees, as a body, in accordance vAth Part 4 of the Charllles (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mSghl slate to the charitsble company's Irusl88s those mall8rs we are requlred to slate lo them in an Auditors, Report and for no other purpose. To the fullest exlenl permilled by law, WB do not accept or assum8 responsibility lo anyone other than the charitable ¢ompBny and its m8mbèrs, as a body, for our audit work, for this report, or for the oplnions we hav forrned. Alox gle (Senlor Statutory Audltorl for and on behalf ol Warrengr Slewarl, Statutory Audllor HaNood HI$8 43 Hamood Road London SW64QP Dale- Warrener Stewart are eligible to act as auditors In terms of s8ctlon 1212 of the Companles Act 2006. Pag8 9
MONTESSORI COMMUNITY SCHOOL IA Company Llmlt8d by Guaranto81 STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Note Incoma from: Charitable aclivitl88 Other income 942.167 31.798 942,167 31.798 863,848 15,628 Total Incomtr 973,965 973.965 879,476 Expendlture on: Charitable acllvilles 747,401 747,401 723,819 Total expendlture 747,401 747,401 723,819 Net movement In lunds 226,564 226,564 155,657 ReconcllSatlon of funds: Total funds brought foTward Nel movement in funds 517,924 226,564 517.924 226,564 362,267 155,657 Total fvnds carrled fopward 744,488 744.488 517.924 The Slalemenl of Financial Activities Includes all gains and losses recognised in th8 yBar. The notes on pages 1210 21 fomi part of these financial statements. Page 10
MONTESSORI COMMUNITY SCHOOL IA Company Llmlted by Guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST2025 2025 2024 Notè Tangible assets 10 7,031 7,089 7.031 7,089 Current assets Debtors Cash at bank and in hand 11 12,975 958,774 14,784 659,204 971,749 673,988 Currènt Ilabllltlès Creditors- amounts falling du8 within one year 12 1234,2921 (163,153) Total net assets 744,488 517.924 Charlty funds Restricl8d funds Unreslricled funds 13 13 744.488 517,924 Total funds 744,488 517,924 The enlilywas enlilled lo exemption from audit under section 477 of the CL)mpanles Act 2006. The members have not required Ihe enlty lo obtain an audll for the year In quesllon In accordance wKh section 476 of the Companies Act 2006. However. an audli Is required in accordance with s8¢tlon 145 of the Charllies Act 2011. The Trustees acknowledge thelr responslbilllles for cOmplng with the r8quirem8nts of the Act th respect lo accounting records and preparallon of flnan¢lal statements. The finana81 statements have been prepared in accordance with the provisions applicable to entities 5ublecl lo Ihg small companies reglme. The financlal stslemenls wère approved antl aulhortsed for issue by Ihe Trustees and Slgned on Ihelr behalf by.. MrAte nder Phlllp George Bensted Mr$ Claro McGachen Date: The notes on pages 12 to 21 form part ofthese financlal ststements. Pgge11
MONTESSORI COMMUNITY SCHOOL IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Goneral Snformatlon Montessori Community School Is a charitable company registered in England and Wales, Un119d Kingdom. The register8d office is 163 Townmead Road, Fulham, SW6 2JX. A¢¢ountlng pollcl•$ 2.1 Basls of preparatlon of financlal statements The financlal slalements have been prepared in accordancé wlh the Charities SORP IFRS 1021 Accounting and Reportlng by Charities.. Sialem8nl of Re¢ornmended Practice applicable lo charill&s pyeparlng Ihelr accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102118ffecliv8 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl 2006. Montessori Community School meets the definllion of a public benefit entity un(ier FRS 102. Assets and liabilities are inilially recognlsed at hlslorlcal cost or Ir8n8action value unless othewise staltsd In the relevant accounting policy. 2.2 Golng ¢on¢•rn The TN8teg5 have prepared these financial slalements on a going concarn basis because they consider the financial and optsrallonal situation sufficiently stable lo assum& going concem. On the basis of a thorough risk analysis and healthy performancg, managemenl's v19w Is that th8 Charity wlll b8 able to meet ils financial obligations as they fall due for p8ymgnl. This undertakSng Is to remgin in force for a period of al least 12 months from the date of signalure of these financial stslerllents. 2.3 Incom• I Income Is r6cognlsBd onc8 Charity has anUll8ment lo the Income, 11 Is probable that the income will be received and the amount ol Inme recelvable can be measured reliably. Grants are Included In the Slalemenl of Flnanci81 Actiwlies on a receivable basis. The balanca of incomb recelved for specific purposgs bul not expended during the period is shown in the rglgvanl funds on the Balance Sheet. Where Income 18 recelved In advance of enlillement of recolpt, Its rgcognllion 18 deferred and Included in CTedilors as deferred Income. Where enllllem8nl occurs before Income18 r8celved, the Income Is accrued. Other Income 18 recognised in the periDd in which it is recelvable and lo the 8Xt8nl the goods haye been provided or on completion of the service. 2.4 Expenditure Expenditure is recognised once Ihere is a legal or constructiv8 obligation lo transfer economic benefit lo a third party, 11 is probable that a lrnnsfer of 8conomlc beneflts wlll bg Tequired In 5elllemenl and the amount ol the obligallon can be measured reliably. Expenditure Is classifled by actlvity. The costs of èach activity ar8 mad8 up of th8 tr)tal of dir8cI costs and 8hargd costs, Inciudlng support costs Involved In undertaking each aclivlty. Direct costs attrlbulable lo a slngle activity are allocated dlrectly to that activity. Shared costs whleh conlribulè to mor8 than ona activity and support Costs which are not attributable lo a single activity are apportioned belween those advlties on a basis consislenl with the use of resources. Cenlral staff costs are allocalfjd on the basis of lime spent, and depreciation charg8s allocated on tho portion of thè asset'8 use. Page 12
MONTESSORI COMMUNITY SCHOOL IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AG¢ountlng pollcl•s Icontlnued) 2A Exp•ndlture Icontlnued) Expendllure on charitabl& acllvtties is incurred on directly und8rt8klng lh8 8cllvS1188 whlch further thè charl16 objectlves, as well as any associated support costs. All expenditure 18 inclusive of irrecoverable VAT. 2.5 Government grants Govemmenl granls relatlng to tangible fixed asse15 8re treated as deferred income and released to the Slalemenl of Flnanclal Adlvilies upon the completion of the relevant performance-related condillr)ns. Other grants that arg not subject lo performance-relaled condllions ore cr8dit8d to lh8 Slatomont of Flnanclal Acllvlllgs as the grant proceeds are received. Grants received or lo Iho revgnu8 rgcognilion ¢ril8rla belng sallsfled aro recognised as a liability. 2.6 Tanglble flxod assets and dfrpre¢l•tlon Tangible fixFd 888818 are initially recognised at CO81, After recognition, under the Cost rnodel, langlble xed assets are measured al cost less accumulated depreciation and any accumulaied Impairm8nt losses. All costs Incurred lo brlng a tangible fixed asset into Its Intended working condition should be Included in thè measurement of cost. Al each reporting dal8 the Charity ass@ss8s whelh8r ther8 is any Indlcallon of Impalrmenl. If such indication ex4sls, the recoveTable amount ol the assel is dol¥rmin$d to be the higheT ol its fair value less costs lo sell and ils vBlue in use. An impaimient loss is recognis8d where th& carryFng amount exceeds the recoverable 8mount. Depreciation is charged $0 as lo alloc81& the cost of langlble flxed assets Itss thelr residual value over Ihelr esllmaled useful Ilves, uslng the stralghl-llne mglhod. Depreclatlon Is proded on th8 following basis- Fixtures and filtings Office equipmenl 25% 25% 2.7 Debtors Trade And other debtors ar8 recognised at the sèttlement amr)unl after any trad8 dlscount offered. PTepaymenls are valued at the amount prepaid net of any Irada discounts due. 2.8 Cash atbank and In hand Cash at bank and In hand Includes cash and shorl-lemi hlghly Ilquld investments with a Short malurily of three months or less from thg dalts of acquisillon or opening of the d8posII or sirnilar accounL Page 13
MONTESSORI COMMUNITY SCHOOL IA Company LimSted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AG¢ountlng pollcl•s lcontlnued) 2.9 Llabllltlos and provlslons LSabilllies &ra recognised when there is an obligatlon al the Ba18nc8 Sh891 dale as a result of a past 8venl,11 is probable that a transfer of economic benefit will be requlred In Setllemenl, and the amount of the Settlement can be estimated reliamy. Llabilllles are recognised al the amount that the Charity ants'cipalos il wlll pay 10 8eWe the debt or the amount il has received as advanced payments lor the 9dS or s&rvlces il musl prov0. Provlsions are measured al the best estimate of the amoun15 requlrod to sellle the obligallon. Where the effect of the limg value of money is m8t8rl81, the provSslon 1$ based on the present value of those amounts, discounted al the pre.lax dlswunt rale that reflects the risks specllic lo the Ilabillty. T unwlndlng of the dlscount Is recognisgd In the Statement of Flnanclal Activities as a finance cost. 2.10 Flnanclal In$trum?nts The Charlty only has fln8nclal asse18 and flnanclal liabllities of a kind that qualify a8 basic financial In8lrument8. Basic financial inslrumenls are initially recognised at transaction value and subsequenuy measured al their settlement value with the exception of bank loans whlch are subsoqu¢nUy measured al amortised cost using th8 effecllve Interest method. 2.11 Flnanc8 leas9$ and hlro purchase Assols oblalned und9r hiro purchase ¢onlra¢ts and finanrF leases are capilalised a8 tanglble fi'xed 8SS91$. Assets acquirgd by finance l&ase 8rg d8pr8cialed over the shorter of the lease term and their useful Ie$. Assets acqulred by hire purchase are (leprecJaled over Ihelr useful Ilve8. Flnance lease5 are IhD8e whgre sub818nlialSy all of the bon61ils and dsks of ownership are assumed by the Charity. Obllgallons under such agreements ar8 Snduded In credllors, nel of the ftnance charge allocated lo futuro perlods. The finance element of the rental paymtsnl S charged lo the Statement of Financial Act4vilies so as to produce a con81ant perlodlc rate of charge on the nel obllgallon outstÉnding Sn each period. 2.12 Penslons Th8 Charity operates a defined contribution pension scheme and the pension chargo represents the amounts payable by Ihe Charlty lo the fund in resped of the year. 2.13 Fund accounllng Gener81 funds ar8 unreslricled funds which are available for usg at the discretion of the Trusl8es in furth8ran¢e of IhF gEneral objectives of Ihe Charity and which have nol bogn d8slgnaled for other purposas. 2.14 Wlndlng up or dlssolutlon of the Charlty If, upon winding up or dis8oILrtfon of the Charlly, Ih8f6 remain any a88815, afteT the satlsfactlon of all debts and liabillties, the assets rSented by the 8c¢umulalèd fund shall be transferred to some other charitable body or bodles havlng slmllar oblectlvos lo the Charlty. Pagè 14
PAONTESSORI COMMUNITY SCHOOL IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Income from charStable actlvltle Unre$trl¢tsd fund8 2025 Total fundh 2025 Nursery educational op&ralions 942,167 942,167 Unrestricted funds 2024 Tolol funds 2024 Nursery educatlonal oparallons 863,848 863,848 Olher In¢omlng resources Unrestrlcted funds 2025 Total funds 2025 Bank interest 31,798 31,798 Unrgslrfcled fvnds 2024 Total funds 2024 Bank inl8r8St 15,628 15,628 Analysls of expendlturo on Gharltable actlvltles Summary byfund typo Unrgstrlctgd funds 2025 Total 2025 Nursery e(lucalional operations 747,401 747.401 P8g8 15
MONTESSORI COMMUNITY SCHOOL IA Company Llm5ted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expondSture on charltable actlvltl•s {contlnu6dl Summary by fund type Icontlnu8d) Unrestricled funds 2024 rot81 2024 Nursery aducational opgrations 723,819 723,819 Summary by expend5ture type staff costs Depr•clatlon Othor cost5 2025 2025 2025 Total 2025 Nursery educational operations 459,264 2,561 285,576 747,401 Séaff costs Dgpreciation Olhercosls 2024 2024 2024 Total 2024 Nursery educallonal operallons 430.141 1,687 291,991 723,819 Analysls of expendlture by actlvltleJ Actlvltles undortaken dlrèctly 2025 Total funds 2025 Nursery educational operation8 747.401 747,401 undertaken dAf6cIIy 2024 Tol81 furtds 2024 Nursery educallonal operallons 723,819 723,819 Page 16
MONTESSORI COMMUNITY SCHOOL IA Company Limlted by Guaranto01 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Analysis of exp•ndltur• by a¢tlvltl8$ l¢ontlnuedl Analy81s of dlrect costs Total funds 2025 To181 funds 2024 Staff costs Deprgdalion Trainlng, recru51m8nl and wèlfare Motor, travel and subslslencè Entertainlng Educatlonal and school supplies Rent and rates Light and heal Cleaning Repairs and r8newals Premlses expenses Telephon8 and fax PTinting postage and stationery Subscriptions Software and equlpm8nl Legal and professional First aid and clothing Bank charges Accountancy fees Bad debt Governanco costs Ise8 note 71 459,264 2,561 5.593 9.232 862 430,141 1,687 12,495 5.964 584 80,155 93.005 14,108 2.816 16.102 2{973 1.839 1.243 834 70,740 92.518 10.593 5.556 17.066 28.485 1.925 1,495 735 2,619 29,443 2,596 66 1.762 149 7,200 2.687 17.580 2,331 322 1,976 1,518 8,400 747,401 723.819 Audltors. rémunoratlon Tha auditors, r8muneralion amounts lo an auditor fee of £5.900 (2024 £5,100), and a¢wunts prepatIOn servl¢e¥ of £2.50012024- £2,100). P8ge17
MONTESSORI COMMUNITY SCHOOL IA Company Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 staff costs 2025 2024 Wages and salari9S Social security costs Other penslon costs 428,303 24,008 6,953 402,701 20.914 6,526 459,264 430.141 The average nurllber of persons employed by th8 Charity during the year a8 follows.. 2025 No. 2024 Engaged on charll8ble acllvilles Engaged on management and adminlslr8tion 16 15 18 17 The number of employees whose employeè bènefits (excluding emplor pension costs) exceedèd £60.000 wBs'. 2025 No. 2024 No. Key rnanaBemont personnel In the band £70,001- £80,0 One rnember of key managerrienl per8onn91 received total benefits of ovgr £60,000 including salary and sacrific8 Pension contributions. Trustees. rgmuneration and expen During the ar. no TnJ$tees recèlved any remunerallon or other ben8fils12024 - £NILI. Durtng the year ended 31 August 2025, no Truste8 expenses have beBn Incurred12024- £NIL}. Pagè 18
MONTESSORI COMMUNITY SCHOOL {A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Tanglbl• flxed ass8ts Flxtures antl flltlngs Offlce equlpment Total Cost or valuatlon At 1 SeptembeT 2024 Additions 5,694 1.544 3,885 959 9.579 2.503 Al 31 August 2025 7.238 4.844 12,082 Deproclallon Al 1 Seplembor 2024 Charge flir the year 972 1.652 1,518 909 2,490 2,561 At 31 August 2025 2,624 2,427 5,051 Not book value At 31 August 2025 4.814 2.417 7.031 At 31 August 2024 4,722 2,367 7,089 11. Debtors 2025 2024 Fees in arrears Other debtors Prepayments and accrued Income 914 4.537 9,333 2.586 8.145 12.975 14,784 Page 19
MONTESSORI COMMUNITY SCHOOL IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Credltor8: amounts falllng due wlthln one year 2025 2024 Trade credllors Other taxation and social security Other creditors A¢cTuals and deferred Income 27.132 8.773 6S.211 133,176 7,761 73,258 82.134 234,292 163,153 13. Statemont of fund8 statom&nt of funds- current yaar Balance at 1 September 2024 Balance at 31 August 2025 Incom¥ EXndIture Unrestrlcted funds Reserves 517,924 973.965 1747.4011 744.488 statement of funds- prlor y•ar Balance 81 I Seplemb6r 2023 BalanGe al 3t Augusl 2024 Income Expenditu Unrestrl¢ted fundg ReseTV8S 362,267 879,476 1723,8191 517,924 Page 20
MONTESSORI COMMUNITY SCHOOL IA Company Llmlt•d by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Analysls of not assets between funds Analy¥ls of net assets bptwoen lunds - currant yèar Unro$tricted fund$ 2025 Total funds 2025 Tangible flxod assets Current assets 7,031 7.031 971.749 971,749 1234.2921 {234.292) Creditors due w51hSn one y8ar Total 744.488 744.488 15. Ponslon commhments The Charlty operates a defined contribution pension scheme. Th6 8ssel8 of the scheme are held sèparately from thosts of the Charity in an independently admlnlslered fund. The pension cost charg8 represents contributions payable by the Charity lo Ihg ftjnd and amounted lo £6,953 12024 - £6,526). Contributions lotaling £2,550 {2024 - £2,515) w8r8 pay8bl8 lo the fund al the balance sheet dale and are included in creditors. 1& Operatlng leaso commltments Al 31 August 2025 the Charity had commltments to make future mlnlmum lease p8ymenls under non- anGell8ble operalSng le88es as follows.. 2025 2024 Not later than 1 year 76,274 As of 31 August 2024 the lease for the School sile was under negolialion, resultlng in Ihwe belng no lease commitment al th8 ar end. 17. Mgmb&r8' liability Thg Charity Is Incorporated under the Companies Act and is limilgd by Guaran18e. Each mèmber of the charitable company undertakes lo contribute lo the assets of the company in the event of it being wound up while helshe 15 a rnember. or within one year after helshe coases lo bs a member, such amount a8 may be required, not exedIng £1 for the debts and Ilabllilles contracted befo helshe ¢8ases to be a member. As such the company has no share capital. Page21