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2025-08-31-accounts

THE NEW MODEL SCHOOL FOUNDATION

Registered Charity Number: 1208672

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR 2024/25

Contents

1. Administrative Details

2. Trustees’ Report: aims and objectives

3. Structure, Governance, and Management of the Foundation

4. Public Benefit: feedback from children and families / review of schools

5. Financial Review

6. Supporting the Foundation

1. Administrative Details

2. Trustees’ Report: aims and objectives

This is the first annual report of the New Model School Foundation (NMSF), founded on 14[th] June 2024. The Foundation has been established following the 20[th ] successful year of The New Model School Company Ltd, which established Faraday primary school in Trinity Wharf and Maple Walk primary in North West London.

The aims and objectives of the Foundation are:

The Foundation has limited funds to achieve these aims and does so entirely from support from generous individuals and charitable trusts and Foundations. The Trustees would like to thank the founding donors for their magnificent contributions during our first year of operation.

With grateful thanks to the Fishmongers Livery Company for their generous hospitality, the Foundation was formally launched at an event in April 2025. As a result of the launch the Foundation got off to a sensational start and has raised £216,000 in our first year via donations from 22 individuals.

This enabled NMS to offer two fully funded places for the academic year 2025-26. The Tim Jones award at Maple Walk and the Fishmonger and Friends award at Faraday. The awards will remain in place for 4 years.

This is the first annual report, detailing the contribution made thus far in the infancy of the Foundation and provides just a few examples of the impact that the fund has had on children and families across both NMS schools.

Jane Hale, Robert Atwater, Ian Elliott, Trustees.

Founding patron message

I have been delighted to introduce The New Model School Foundation to a wider audience. I see the establishment of the Foundation as a natural progression from the original aim of The New Model School Company (NMS).

Set up in 2004 NMS now has two award winning schools and the Company’s not for profit ethos means that school fees remain some of the lowest in London. The aim being that as many children has possible can benefit from these lower fees. However, we recognize that these fees still remain out of reach for most household budgets and the NMS Foundation’s core aim is to raise funds for bursaries to expand access to our schools at the 7+ age stage and give the opportunity of an NMS education to a broader spectrum of families.

I extend my thanks to the Trustees of the NMS Foundation charity for the successful launch of the charity and look forward to seeing it thrive in the future.

David Jones, Founder of NMS Foundation

3. Structure, Governance, and Management of the Foundation

The NMS Foundation was established as a natural progression of the New Model School original aim of providing excellent, affordable primary education to as many children as possible. During our first year, the Foundation has established objectives of:

The NMS Foundation is a Charitable Incorporated Organisation (CIO), providing a structured framework for the schools' philanthropic activities.

The charitable objectives of the NMS Foundation are “for the public benefit the advancement of education, in particular (but not exclusively) by providing bursaries and general educational support to enable young people to further their education at any school operated by the New Model School Company where they would otherwise be unable to attend or take a full part in the school‘s activities without financial assistance.”

Recruitment, Induction and Training of Trustees and Governors

Trustees are invited based on their professional expertise. New Trustee members undergo induction and mandatory safeguarding training, to ensure effective oversight of the charity as consistent with its charitable aims.

Risk Management

The Board actively monitors economic factors, such as assessing the impact of VAT on school fees during 2025. To mitigate long-term funding risks, we focus on securing multi-year regular giving pledges rather than dependency on one-off donations.

Investment Policy

Funds are managed with a priority on liquidity to ensure that all current bursary commitments are met through to the end of each child's Year 6 graduation.

4. Public Benefit of the charity

The Trustees confirm they have complied with the duty to have due regard to the Charity Commission's guidance on public benefit. Our primary benefit is delivered through the provision of means-tested financial assistance:

Feedback from our children and parents includes:

  - _“Such opportunities are often just a dream for families like ours.”_

The New Model School journey began with a vision of "First Class, Affordable" education, and two decades later, the two award-winning schools continue to prove that academic excellence and a notfor-profit ethos can go hand-in-hand.

Faraday School

Located at Trinity Buoy Wharf, East London Faraday school offers a creative learning environment where arts and design are integral to daily life.

Maple Walk School

Maple Walk is a "small school with a big heart" in North West London and is celebrated locally for its pastoral care and sporting excellence.

5. Financial Review

The NMS Foundation relies on the generosity of individual donors and livery companies of the City of London. The 2024-25 financial return for the period 14[th] June 2024 - 31[st] August 2025 has been provided to the Charites Commission. The following is a summary of Financial Activities for the year ended 31st August 2025:

6. Supporting the NMS Foundation

Could you provide support to children who would benefit from an excellent education at one of NMS schools via a bursary from the Foundation?

A strategic priority of the Foundation over the coming year is the 7+ Bursary Initiative .

For the 2025-26 academic year, a full bursary costs approximately £16,200 . Our goal is to secure four-year pledges of £12,960 annually (which reaches the full amount when combined with Gift Aid) to ensure that every bursary child has their entire primary education guaranteed before they start.

What is the annual cost of a fully funded bursary for a child at an NMS school?

A fully funded bursary covers the annual fees (ex VAT) plus an additional amount to cover uniform, extra-curricular opportunities and residential trips. It is important that the children receiving a bursary are able to participate and benefit from all opportunities available at both NMS schools.

At 2025-26 fee levels this amounts to circa £16,200 per child per academic year.

To meet this cost, the Foundation would need to receive annual pledges totalling £12,960 for one child. This figure assumes that the Foundation can claim 25% gift aid on the amount. It should also be noted that if the donor(s) are higher rate tax payers they can reclaim further tax rebates from HMRC on their donations.

How long are bursaries for?

A child joining either school in Year 3 would remain at our schools until the end of Year 6, and so we would want to secure these annual pledges for four years in total.

How to support the Foundation

There are various ways in which you can support the Foundation. Fees to be paid for by bursary funds do not attract VAT and this means that coupled with Gift Aid and our lower fees your donation can go further.

Bursaries - New Model Schools

www.newmodelschoo l.co.uk/support-us/bursaries

The New Model School Foundation

1208672

Receipts and payments accounts

6/14/2024 8/31/2025 For the period from To

Section A Receipts and payments

to the nearest £
A1 Receipts
Donations
99,290
Gift Aid receipts
4,708
Other receipts
5,348
Bank interest
379
-
-
-
-
109,725
-
-
Sub total -
Total receipts 109,725
A3 Payments
Scholarships
5,843
Rent
5,348
Bank charges
40
-
-
-
-
-
-
Sub total 11,231
-
-
Sub total -
Total payments 11,231
Net of receipts/(payments) 98,494
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 98,494
Unrestricted
funds
Sub total(Gross income for AR)
A2 Asset and investment sales, (see
table).
A4 Asset and investment purchases,
(see table)		 Restricted funds
to the nearest £
111,750
-
-
-
-
-
-
111,750
-
-
-
111,750
31,072
-
-
-
-
-
-
-
-
31,072
-
-
-
31,072
80,678
-
-
80,678		 Endowment funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
211,040
4,708
5,348
379
-
-
-
-
221,475
-
-
-
221,475
36,915
5,348
40
-
-
-
-
-
-
42,303
-
-
-
42,303
80,678 - 179,172
- - -
- - -
80,678 - 179,172

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on behalf of
all the trustees		 Details
Current account
Deposit account
(agree balances with receipts and payments account(s))
Details
Details
Details
Details
Signature
Total cash funds		 Restricted funds
to nearest £
to nearest £
109
-
98,385
80,678
-
-
98,494
80,678
OK
OK
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
Unrestricted
funds
Unrestricted
funds
Fund to which asset
belongs
Fund to which asset
belongs
Fund to which liability
relates
Amount due (optional)		 Restricted funds
to nearest £
-
80,678
-
80,678
OK
Restricted funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due (optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

CC16a

Last year

to the nearest £

-

-

-

-

Endowment funds to nearest £ - - - -

OK

Endowment funds to nearest £

Current value (optional)

-

-

Current value (optional)

-

When due (optional)

Date of approval

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinevs Report Report to Ihe trusteesl members of New Model School Foundation On accounts for the year ended 31 August 2025 Charity no lif any) 1208672 Set out on pages CC16a P1 to P2 aThJ Annual rewxt P1 to P8 I report to the trustees on my examination of the accounts of the above charity lllhe Trust.) for the year ended 31 August 2025. Responsibil•ties and As the charity trustees of the Trust, you are resF)onsible for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 {"the Act"). l ￿port in respect of my examination of the Trust's accounls carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ') in connection with the examination vthich gives me cause to believe that in, any material respect.. accounting records W￿re not kept in accordance with section 130 of the Act or the accounts do not accord wrth the accounting records Independent examiner's ststement I have no COn￿rn$ and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: 6 Jun 2026 Signed: Name: Eddie Sheow Relevant professional qualificationls) or body {if anyl- ACA (ICAEW) Address: 20 Pulteney Close, Isleworth, TW7 6PX IER October 2018

Section B Disclosure Only complete rfthe examiner needs to highlight matters of concem {see CC32, Independent examination of charrty accounts.. directions and guidan￿ for examiners). Give here brief details of any items that the examinerwishes to disclose. IER October 2018