BLACKHEATH MONTESSORI CENTRE LTD
(A company limited by guarantee)
UNAUDITED REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
REGISTERED NUMBER 01622834
CHARITY NUMBER 285105
Brendan P Byrne & Co Ltd 12 Old Bexley Lane Bexley Kent DA5 2BN
Tel; 01322 555530
BLACKHEATH MONTESSORI CENTRE LTD REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
Pages 2 to 5 Directors' Report 6 Independent Examiners' Report 7 Statement of Financial Activities 8 Statement of Financial Position (Balance Sheet) 9 to 12 Notes to the Financial Statements The following do not form part of the statutory financial statements: 13 to 15 Profit and Loss Account Summaries
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BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The directors are pleased to present their annual report together with the financial statements of the charity for the year ended 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
PURPOSE AND ACTIVITIES
The Blackheath Montessori Centre ("Centre") was established with the purpose of providing all year round educational day care for children aged between two and five years based on the Montessori system.
The Centre provides a curriculum encompassing both the Montessori Method and the Early Years Foundation Stage (the recommended Ofsted regulated curriculum for nursery schools) – following an inspection in March 2020, the nursery has been graded as Good. Together they provide children with an all-round opportunity to develop a wide range of skills.
The main aim of a Montessori education is to cultivate and stimulate a child’s natural curiosity and desire to learn. All children at the Blackheath Montessori Centre are openly encouraged by teachers to learn and experience through their own motivation and interactions. The nursery has its own garden, tucked away at the rear of the building, providing a safe haven for the children to play in all weathers. Additional activities are also offered which include dance, music, sport and French.
The Centre encourages the children to adopt a healthy lifestyle so meals are prepared on site by the Centre’s own cook, and daily menus are displayed on the notice board for parent/carer’s information. Menus are varied according to the season, using local suppliers for our fresh meat, fruit and vegetables. The Centre follows advice given by The Children’s Food Trust, the NDNA, and London Borough of Lewisham to ensure the healthiest and most appropriate food for our children, reflecting the cultures of children attending our nursery, as well as from other parts of the world.
The Centre opens from 8.00am to 6.00pm, Monday to Friday, for forty eight weeks of the year. There is one intake each year in September, when we welcome children into the Centre who are aged two and nine months or older. The Centre caters for up to forty children attending on either a full time or a part time basis. The children are divided into three classes of twelve to fourteen per class, and there are a minimum of two teachers for each class. Each class enjoys imaginative play, expressive arts, construction, story time, messy games, the garden, cooking, rest and sleep time, ball pool, and one to one time with teachers.
FINANCIAL REVIEW
The Centre is principally funded by the fees charged to parents based on a range of session options. Other income is generated from registration fees and events. Regular fund raising activities happen throughout the year to enable projects to be undertaken. During 2021-2022 the major project carried out was a complete refurbishment of the children’s toilets. Plans remain in place for the refurbishment works in the Lower Ground Floor area to recommence, however the Board are considering putting this on hold until the financial situation improves, post pandemic, as the intake for 2021-2022 was slightly lower in number than previous years.
The directors consider the results for the year to be better than expected, they show net incoming resources were £6,672 (31 March 2021 net outgoing resources £836). The directors believe they can continue to achieve their objectives based on the reserves in place, and the plans for improvement which should enhance income in the future.
The introduction of a two-tier pricing structure to ensure the cost of the increased ratio involved in caring for under threes has ensured that the increased staffing costs are covered by fee income. Pricing increases are agreed by the Board, with the aim to keep them below 5% annually, but to ensure that the costs of the nursery are met by fees, and the previous net outgoing positions will be reversed in the future.
The waiting lists for 2022-2023 have 23 children on the secure list and 40 on the reserve list, a reasonable number. There are no guaranteed places left for 2022 and 2023, and families are registering on the reserve list for those intakes. There are already families registered for 2024 and 2025, and the level of enquiries about registration is consistent. However, the number of children who accepted a place to start in September 2021 was lower than previous years, and the indication from place offers issued for September 2022 is that the place acceptance will be significantly lower.
The Board will continue to consider the option of increasing capacity at the nursery through completion of building works in the basement. The Board are taking into account the cost of this work, which would potentially include financing costs as well as construction costs, and whether the increased revenue from up to a further 16-20 places would bring. The Board are also considering how an increased capacity would affect the nursery as a whole, after having run for so long as a 3640 place nursery.
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BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS' REPORT, CONTINUED FOR THE YEAR ENDED 31 MARCH 2022
DIRECTORS, STRUCTURE, GOVERNANCE AND MANAGEMENT
Blackheath Montessori Centre Ltd is a company limited by guarantee governed by its Memorandum and Articles of Association dated 27 June 1982. It is registered as a charity with the Charity Commission. The directors who served during the year were:
L J Atkinson
V Jerome, who also acted as the Company Secretary and Office Manager, with responsibility for payroll & other administrative tasks, and
C C Combe
Directors have been appointed under the terms of the Memorandum and Articles of Association to oversee the management of the Centre and to ensure that the Centre remains competitive in the local nursery sector. Directors are recruited from the current and past parent base. All prospective nominees are invited to attend a board meeting when they are asked to provide details of their background and skills. The board undertakes an evaluation of the nominee and approves any appointment.
The daily operational management of the Centre is the responsibility of the Head of Centre, Jane Skillen. The directors of the Centre meet monthly with Jane. Formal minutes are written and distributed after each meeting.
The Centre, through its close relationship with parents, both current and past, has been able to draw on a wealth of professional support which is most important to ensure cost effective management of the Centre.
The Head, with the assistance of the Deputy Head and Office Manager review the Centre’s policies annually, and amend and update as appropriate. Advice on policies is sought from the Local Authority, and the Head ensures that the policies meet Ofsted’s requirements at all times. Over 35 policies are in place to ensure the safeguarding of the children and families attending the Centre, as well as the staff working at the Centre. The Centre also has policies that set out the Centre’s commitment to counter discrimination of any kind and to promote positive outcomes for all families attending the Centre.
The Board and the Head review staff salaries annually, and increases are awarded based on the budget arising from planned fee increases and staff merit. The Centre contributes to a workplace pension scheme for staff who have opted in, and follows current Government guidelines on contribution levels. The staff have a generous holiday allowance, dependent on length of service, along with paid absence for sickness. Staff turnover is generally low, and many members of staff have worked at the Centre for over fifteen years. The Centre invests in CPD for staff, as well statutory training requirements such as Safeguarding and First Aid.
RISKS AND UNCERTAINTIES
The Directors actively review the major risks that the Centre faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of financial systems will provide sufficient resources in the event of adverse conditions. Following the Coronavirus pandemic, the Directors continue to work closely with the Head of Centre and Office Manager to monitor the financial stability. Increased focus is being placed on cleaning, PPE, risk assessments and policies at the nursery, as well as financial issues, in order to ensure continuity of provision of service, and income.
The Directors ensure that the nursery is fully insured to meet legislation and Ofsted requirements. Policies are in place to minimise risk to the Centre and the families that attend.
The Directors review other situations that could cause risk to the Centre’s financial stability. For example, the introduction of 30 hours funded childcare for eligible families could have potentially caused financial harm to the Centre. However, the Board reviewed the situation and liaised with the Local Authority, and found a way to introduce the additional funding for parents, without causing a loss of income to the nursery. As more parents were enquiring about the additional funded hours, the Board considered that not offering the additional funding could reduce applicants for places.
The Head ensures she keeps abreast of other settings locally by participating in Local Authority networking meetings and training sessions. This allows the Board to be aware of the likelihood of reduced enrolments, which could incur a downturn in income for the Centre.
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BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS' REPORT, CONTINUED FOR THE YEAR ENDED 31 MARCH 2022
PLANS FOR FUTURE PERIODS
In following the start of the pandemic in 2020, the Directors work closely with the Head of Centre and Office Manager, to manage the impact on the nursery of the pandemic. The unprecedented situation forced the closure of the Centre for nine weeks in 2020, with a loss of income for that period, and reduced income for the remainder of the Summer Term. Mitigation of the losses were made by access to HMRC’s Job Retention Scheme and a grant from London Borough of Lewisham. The Directors voted to take out a bounce back loan from the Centre’s bankers, due to the favourable interest rate and repayment terms. The Directors are continuing to monitor the financial impact, and successfully applied for further grants from the London Borough of Lewisham during the financial year to March 2022. Support from staff and parents ensured the nursery was able to reopen successfully, and through the introduction of strict policies to manage the potential spread of Covid, further closures were avoided until August 2021. A week’s closure was necessary due to staff contracting Covid and the Government Guidance in place at the time; only one family requested a fee refund due to this, therefore the loss to the nursery was minimal and the subsequent relaxation of Covid guidelines by the Government has meant that further closures were avoided during the financial year to 31 March 2022. As the majority of staff have participated in the vaccination programme, the Directors continue to expect future outbreaks to be managed without a full closure. The Directors have agreed continual additional expenditure on PPE, cleaning products and cleaning equipment, and made funds available for this during the financial year, and going forward. Despite the impact of the pandemic, cashflow has remained at an acceptable level, due to the further grants and the start of repayments of the Bounce Back Loan.
During the financial year, the children’s toilets were refurbished completely. The Board took into consideration the cost of the works as well as the financial impact of having to close for an additional week to facilitate the works during an extended half term break. The Board expect that the refurbishment will reduce expenditure on repairs, as the previous toilet area had developed several issues over the last five years. In addition, by improving the ground floor area, it will also help to remove the possibility of damage to the lower ground floor from possible leaks from water pipes.
In 2021-2022 the staffing levels were increased to ensure that staffing ratios were met with employed staff, rather than buying in additional resource via agencies. Nine full time teachers were employed, including two Joint Deputy Heads. The impact of the pandemic has meant that more children attending the nursery have additional emotional and educational needs, and require individual support. The Centre has previously funded the Montessori training of one of the teachers in order to fulfil the aim to only have fully qualified Montessori teachers at the Centre. The Centre has increased staffing levels, rather than using external agencies which can be expensive.
For the coming financial year, due to a predicted downturn in children attending the Centre, the Board will carefully consider any expenditure on repairs and refurbishment projects. However, the Directors feel it is important to keep renovation plans in place, in order to extend the number of places available in the future, to counter any potential increase in demand. The Directors also agree it will be prudent to increase internal space, to allow better working conditions, space for movement and airflow in the building.
When the renovations of the basement are completed, it is planned that the additional space will accommodate between 16 and 20 children, alongside a larger kitchen, and improved staff room (with a toilet and shower room), a further set of toilets for children, a sensory room, and also increased storage for the premises manager. A further project has been outlined whereby the entrance to the nursery would be moved, a more secure double door entry installed, increased office space for the Head and Office Manager, and the restructuring of the classrooms on the ground floor, using space currently occupied by the kitchen and quiet room.
Any increase in the number of children attending the Centre will increase the staff numbers required. Not only will an increased number of teachers be required, the Centre has to consider whether additional support staff, such as lunchtime supervisors, administrators and cleaners will also be required. The Board will consider how efficiencies in staffing levels can be achieved by considering altering class sizes and lunchtime arrangements, should the Centre increase in capacity.
RESERVES POLICY
The directors are of the opinion that the present level of resources together with the level of designated reserves is adequate to support the continuation of the Centre's activities for the medium term, even in light of a predicted downturn in children attending.
Any renovation works are considered carefully, and prioritised by importance and urgency. In recent years it was necessary to carry out costly repairs to the roof, as leakages were causing damage elsewhere in the building. In previous years funds had not been available to carry out works to a high standard, causing additional costs in later years. The Board carefully considers each project to ensure that funds spent will resolve maintenance issues for a number of years, rather than being ‘quick fixes’, and to ensure the long term affordability of the project.
The Office Manager reports at Board Meetings of any potential bad debtors, and advice is sought on how to recoup unpaid fees. The Board’s policy is to take legal action to recoup monies owed. The Board finds that bad debts do not occur regularly, and any potential bad debtors are reviewed and managed by the Office Manager.
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RECTO ED R THE YEAR ENDED 31 MARCH 2022 Any expen(kn over £l,OiJ) dwjssed at Board Meety approval sOut frf the expenabxe. IAanagem)t the rost impact of the repaN5 auTe8d that the rerywen%rrt to (Y Wt repaws and rmwrtenance necessitated the ofr•ser¥es. REGISTERED OFFFCE. ackheath Londm SE3 COMPANY NUM8EK. 01f22834 CHNRtrY NLWIBER: 285105 Nats¥est 8•tk ACCOUNTANTS: endan P BTre & Co Lbj. Bejley and Uruted Kmgdom SIanrds Irted 44rwted Practice}. Company law reqJ¥es the thredoFS to wtparE )•)(i81 slatements fc eath a JDJe aDd ofthB state of of the thwit8¢ panY )tt of thB incom9 resc4rn and w4¢alion of Tesje6. in¢¢)me and eMpedJre for thatperiod. kn wepwmg Ihe slalem¥ts.Ihe (fred5 we rewwed to.. Act20.TheY are0 rw6AetrsafegJarthg thea%sets ofthe L• andthe tyr44) ahdlLenrtrkingrea50naile and inteIty ofthe corpwe and ffflanti81iTrfmiffi on1hE thratrIe wdjsite. STATEMENT AS TO fMscLOSURETO OUR ACCOUlAl[rS the ireLtss, hathg made ehwiies of leltyw Wtd the acc that they to have ¥K1Ni(bJtskeTh. have eath taken al s1ry6thathelshe to takB 25 a thdLlts orderto make thenwkfes aware ofany bj etstsblsh thatlhe ac¢¢wntsrrt 15 a*Bre ofthat Page 15
INDEPENDENT EXAMINERS' REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE DIRECTORS OF BLACKHEATH MONTESSORI CENTRE LTD FOR THE YEAR ENDED 31 MARCH 2022
In accordance with the engagement letter dated 21 October 2008, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Statement of Financial Activities, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
You have acknowledged on the Balance Sheet for the year ended 31 March 2022 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Brendan P Byrne & Co Ltd
12 Old Bexley Lane Bexley Kent DA5 2BN
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BLACKHEATH MONTESSORI CENTRE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Incoming Resources Activities for generating funds Fees Receivable Voluntary income Fundraising Grants received Other income Resources Expended Charitable activities Educational services Cost of generating voluntary income Fundraising & publicity Management & administration Net incoming resources before transfers Transfers Net incoming resources for the year Total funds brought forward Total funds carried forward |
General Restricted Fund Fund 2022 2021 £ £ 529,757 - 529,757 432,775 - 37,734 1,549 1,549 3,247 2,250 - 2,250 201 |
|---|---|
| 569,741 1,549 571,290 499,707 |
|
| 484,147 520 484,667 428,135 - - - - 79,952 - 79,952 72,408 |
|
| 564,099 520 564,619 500,543 |
|
| 5,642 1,029 6,672 (836) - - - - |
|
| 5,642 1,029 6,672 (836) 384,956 54,119 439,075 439,911 390,598 55,148 445,746 439,075 |
Incoming Resources
The company made no recognised gains or losses other than those reported in the income and expenditure account.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations.
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The notes on pages 9-13 form part of these financial statements
BLACKHEATH TATEMENT TESSORI CENTrE LTD AT 31 MARCH 2022 T8nyNe assets 34196 3r037Y 1.371 260.918 26U89 CJ5h atbank and in hw¥J 23 10 4W3461 (56.835J 168 513.&31 11 4755 £44746 £439,0751 THE FUNDSOF THE CHARITY 54119 384.956 Unrestrirted income fvmds TOTAL CHArli Fill 3x1 746 £439 075 relating to 8mal Gorr4)anies. 11 The metrtjershave notre(wedthe&Jwwk) obtain•V01rI1G acc#theyein westiffi aGcordance se¢b 476, 6m81 coryanies. reLlmE andlhe cnie5 AGt2011. VJorome. tJ"rEdc¢ The not¢s pages &13 lThm part of these Slate
BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
1a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Blackheath Montessori Centre Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1b Tangible fixed assets
Land and building are shown at original historical cost, further depreciation is not considered necessary due to the maintenance and upkeep of the building undertaken.
Other fixed assets are shown at cost less depreciation provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method.
| 2022 | 2021 | |
|---|---|---|
| % | % | |
| Plant and equipment | 33 | 33 |
| Fixtures and fittings | 25 | 25 |
| Equipment | 25 | 25 |
1c Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
1d Income
Income comprises the value of sales of educational day care for children, goods and services in the normal course of business based on invoices raised each school term. The company is not required to be registered for VAT. Deposits taken are held as liabilities until they are refunded.
1e Interest
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1f Funds
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the directors have decided at their discretion to set aside to use for a specific purpose.
1g Expenditure
Expenditure, includes VAT if applicable, and is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
1h Financial Instruments
The charity only has a bank mortgage which is measured at amortised cost using the effective interest method.
2. LEGAL STATUS
The Centre is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
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BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
3. NET OPERATING EXPENSES
| Net operating expenses: Distribution costs Administrative expenses Depreciation 4. OPERATING (LOSS)/PROFIT (Loss)/Profit on ordinary activities is stated after charging: Depreciation and amortisation of tangible assets: owned Pension costs 5. INTEREST RECEIVABLE AND SIMILAR INCOME Bank interest receivable Commissions Statutory sick pay 6. INTEREST PAYABLE AND SIMILAR CHARGES On bank loans, overdrafts and other loans Repayable within five years, by instalments 7. STAFF COSTS Salaries and wages Temporary and agency workers Social security costs Pension costs |
2022 2021 £ £ 385 - 509,956 461,916 33,835 23,535 |
|---|---|
| £ 544,176 £ 458,184 |
|
| 2022 2021 £ £ 33,835 23,535 8,433 7,217 |
|
| 2022 2021 £ £ 41 201 150 - 2,059 - |
|
| £ 2,250 £ 201 |
|
| 2022 2021 £ £ 1,231 616 |
|
| £ 1,231 £ 616 |
|
| 2021 2020 £ £ 395,579 372,727 15,052 650 31,258 26,690 8,433 6,599 |
|
| £ 450,322 £ 407,284 |
Average monthly headcount was 18 staff (2021: 18 staff).
No employees had employee benefits in excess of £60,000
None of the personnel costs are attributable as costs on restricted activities.
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BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
8. TANGIBLE FIXED ASSETS
| Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 For the year At 31 March 2022 Net Book Amounts At 31 March 2022 At 31 March 2021 9. DEBTORS Trade debtors and prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and sundry creditors Other taxes and social security Other creditors and deferred income 11. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Bank loans and overdrafts 12. TAXATION |
Land & Buildings £ 274,341 - |
Other Tangible Assets Total £ £ 210,610 484,951 63,654 63,654 |
|---|---|---|
| 274,341 | 274,264 548,605 |
|
| 23,014 - |
153,560 176,574 33,835 33,835 |
|
| 23,014 | 187,395 210,409 |
|
| £ 251,327 | £ 86,869 £ 338,196 |
|
| £ 251,327 | £ 57,050 £ 308,377 |
|
| 2022 2021 £ £ 1,268 1,371 |
||
| £ 1,268 £ 1,371 |
||
| 2022 2021 £ £ 4,349 5,579 5,936 6,924 11,211 8,561 45,750 35,771 |
||
| £ 67,246 £ 56,835 |
||
| 2022 2021 £ £ 61,077 74,756 |
||
| £ 61,077 £ 74,756 |
||
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 as any excesses of income over expenditure, if made, are applied to its charitable objects.
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BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
13. RESOURCES EXPENDED
Analysis of expenditure on charitable activities:
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|£|£|
|Educational activities|
|Staff costs|405,290|366,556|
|Training|5,600|3,095|
|Premises|23,315|21,601|
|Catering|12,555|9,765|
|Equipment & materials|5,495|3,597|
|Office and other costs|1,317|985|
|Depreciation|30,452|21,181|
|£484,024|£426,780|
|Cost of obtaining funds|-|-|
|Management and administration|
|of which Governance is £1,260 (2019: £1,260)|
|Staff costs|45,032|40,728|
|Other costs:|
|Premises|2,591|2,400|
|Office and other costs|146|109|
|Hire costs|642|588|
|Computer costs|9,383|8,330|
|Legal & professional|3,515|3,856|
|Bank charges|499|433|
|Insurance|14,499|13,609|
|Depreciation|3,383|2,354|
|Bad debts|385|-|
|80,075|72,408|
|£564,099|£499,188|
----- End of picture text -----
The charity initially identifies the costs of its activities into either educational or management categories, those costs that that cover both activities* are then apportioned based on an approximation of time spent. Governance costs are then identified from the management activities undertaken. All repairs were met from unrestricted funds.
The following pages do not form part of the Company's Statutory Financial Statements and are prepared for the information of the Directors only.
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BLACKHEATH MONTESSORI CENTRE LTD TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Sales Cost of sales: Purchases Other direct expenses Gross profit Other income Less: Selling and marketing costs Administrative expenses Depreciation and amortisation Net profit/(loss) for the year Transfer to designated fund Transfer of funds to/from reserves Retained profits brought forward Retained profits carried forward |
2022 £ 18,050 642 385 511,187 33,835 - |
2022 £ 18,050 642 385 511,187 33,835 - |
2022 £ 18,050 642 385 511,187 33,835 - |
£ 529,757 18,692 |
|||
|---|---|---|---|---|---|---|---|
| 385 511,187 33,835 |
- | ||||||
| 511,065 39,984 |
|||||||
| 551,049 545,407 |
|||||||
| - | |||||||
| 5,642 | |||||||
| 5,642 384,956 |
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BLACKHEATH MONTESSORI CENTRE LTD PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 31 MARCH 2022
| Purchases Equipment and materials Catering Other direct expenses Plant hire Other income Grants Other income, bank interest & commission Selling and marketing costs: Advertising & sales promotion Bad debts |
2022 £ 2021 £ 5,495 2,768 12,555 9,765 |
|---|---|
| £ 18,050 £ 12,533 |
|
| 642 588 |
|
| £ 642 £ 588 |
|
| 37,734 63,484 2,250 201 |
|
| £ 39,984 £ 63,685 |
|
| - - 385 - |
|
| £ 385 £ - |
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BLACKHEATH MONTESSORI CENTRE LTD PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 31 MARCH 2022
| Parking (contribution) Water rates Light and heat Repairs & renewals Salaries NIC employer Agency staff Pension contributions Recruitment & training Protective equipment Computer costs Accountancy Professional Fees Waste disposal Insurance Cleaning Postage Stationery & office supplies Telephone Sundry expenses Subscriptions and licences Bank charges Loan Interest Depreciation and amortisation: Depreciation of plant & machinery Depreciation of fixtures & fittings Depreciation of equipment |
2022 £ 400 465 4,904 11,593 395,579 31,258 15,052 8,433 5,600 2,270 9,383 1,768 1,747 2,095 14,499 2,948 - 848 614 2 - 499 509,956 1,231 511,187 2022 15,094 17,949 792 |
2021 £ 400 939 3,458 5,381 372,727 26,690 650 7,217 3,095 3,330 8,330 1,856 2,000 3,597 13,609 6,279 4 505 395 829 191 433 461,916 616 462,532 2021 13,979 8,500 1056 |
|
|---|---|---|---|
| £ 33,835 | £ 23,535 |
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