## **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**
- **Charity Name:** The New Model School Foundation (NMSF)
- **Charity Registration Number:** 1208672
- **Registered:** 14[th] June 2024
- **Registered Office:** Unit 1205, Buspace Studios, Conlan Street, London, W10 5AP
- **Charity Trustees:** Robert Atwater, Ian Elliott, Jane Hale
- **Bankers: CAF Bank Ltd**
- **Founding Patron:** David Jones
- **Contact Information:** info@newmodelschoolfoundation.org.uk | 020 8965 7374
## **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:
- to provide fully funded bursary place at NMS Schools generally for a child joining in Year three who would not otherwise benefit from an education at an Independent school
- to support a larger number of families with a child/children at either of the two NMS schools who unexpectedly encounter financial difficulties, to enable them to continue their education without the need for disruption.
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:
- **Expanding Access:** Raising funds for the 7+ Bursary initiative to reach a broader spectrum of families across both Faraday and Maple Walk schools.
- **Educational Excellence:** Supporting a knowledge-based, creative curriculum that builds resilience and a lifelong love of learning.
- **Financial Inclusion:** alongside competitive fees that remain some of the lowest in London, the Foundation extends benefits of NMS schools to ensure that household budgets are not the sole factor in determining a child's educational future.
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:
- **The Tim Jones Maple Walk Award:** Currently one child at Maple Walk School benefits from this 100% fully funded place, which covers fees, uniform and residential trips.
- **Fishmongers and Friends Award:** Currently one child at Faraday School benefits from this 100% fully funded place, which covers fees, uniform and residential trips.
- **Social Mobility:** By integrating children with ability and drive, we inspire the wider community.
- **Global Responsibility:** The Foundation continues to support two Ukrainian children.
- **Inclusion:** Across our schools, 4% of pupils receive financial support ranging from 25% to 80%.
## **Feedback from our children and parents includes:**
- _“Such opportunities are often just a dream for families like ours.”_
- _“My son and I are extremely grateful to the Foundation for the opportunity for him to attend Faraday Prep School. Faraday is a close-knit community that has welcomed my son with open arms.”_
- _“I believe my son has excelled academically since joining the school. He started playing the piano and is now preparing to take his Grade 1 exam. He also enjoys the after-school clubs which focus on 11+ Maths and English. We owe this wonderful opportunity to the Foundation and the Fishmongers.”_
- _“My daughter's award of a bursary also was a turning point for myself”_
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.
- **Awards:** Named a "Great City Prep" in The Week and Independent Prep School of the Year in October 2024, it was also recognized by the ISA for Excellence in Fine Arts & Design.
- **Academic Pipeline:** The school maintains a "serious 11+ pipeline," with pupils securing scholarships to top senior schools such as Forest School and the City of London.
- **Pupil Initiative:** The school fosters independence, with Year 4 students taking ownership of their learning through advanced subject clubs.
## **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.
- **Sport and Inclusion:** Winner of the ISA 2024 Award for Outstanding Sport, pioneered programs like seated volleyball for the wider borough.
- **Quality:** Independent School of the Year (shortlist 2024).
- **Destinations:** 32 destination offers last year including City and UCS. Nine scholarships offered to pupils.
## **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:
- The Foundation received 22 donations totalling £215,748 [excludes the receipts from NMS]
- Payments made during the year were £42,303, mainly on Scholarships (£36,915) to children at both primary schools
- The total cash fund at the end of the year is £179,172, of which £80,678 is restricted.
## **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.
- A fixed pledge over four years enables a child to benefit an at one of one of our NMS schools
- A one-off donation.
## **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 Wre 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 COnrn$ 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