BLACKHEATH MONTESSORI CENTRE IA wrnpany lirnited by guarantoel D REPORT AND FINANCIA TATEMEPtrs FOR THEYEAR ENDED 31 MARCH 2024 STERED N 8r•tsJ•n P 8yrr• &CoLtd 12 Old BeMl8y Lan• Bexley Td.. 01322 SS5530
BLACKHEATH MONTESSORI CENTRE LTD REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS 2to5 Stalamentof Fwwic4BI Po8kn188lanc•She8tl 9t012 Nolm b) FknaJKI Th• lollowlng do rffJifompartoftho stattrtory f)ano•l 8tst•monts.' 13to15
BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS. REPORT FOR THE YEAR ENDED 1 MARCH The direclers are Pa$ to present their annual rBPOrt togethBr wilh the finarKiil statements of th8 c8rity for the y¢ar ended 31 March2024 whthare aL%o preparedto mèÈtth8 requwerrnntsforadirectors, r8POrt8nd accounts forCompani¢$ A¢t purposes. The finan81 statements compty wilh th8 Ch8fi1s A¢t 2011. the Compons 2LW. Ihe Memorandum aNI ticleS of A$8ociots"on. ond Aunts"n9 and Report"+ng by charl.. Ststoment of Rocommndwj Pr¢8 alCaN lo charffje5 preparing theiraccwn15 in accoTdarKewth th& Filwla1 Rewtiry StaThJard ¥y1 in the UK and Republic oflreland IFRS 1021 lefffjthNe 1 January 20151. PURPOSE AND ACTMTIES The Blac8th Montessul Centre fcenlrol wai •stabltsh•d With tt purpose of all >ar education doy for¢hibJwn ag•J b¢MY•n tsy) year5 based on hS)nte3wn' syjtwn. Tho Centre provkles a curriculum 8ncornpa$sin9 both the Monto$s Mèthod and the Earty Years Foundalkin Stag81th6 r•commot)d8(101$18d re9ulaied ¢urYtulum for nurn•ry 5chOoL%l-fMing an utsOrt In r¢h 2020. the nursery ha$ b8•n gr•d8d 4$ Good. Togethor th•y wovKJ• thikjrnn wth an +¥VQrtunty lo bk)p • wbJ• rnng• Ot •ks. The main aim of a Montessori education is lo cuthle aThJ slwnulate a chihj's nzturnl curiosity and desir8 to arn. All ¢hlk1ren at th¢ Bkqckhealh Mont88wI G¢ntr• •r• oponly •rKourag8d by t•acer8 to l•am and exFenenc• through thair own mob'v•tion •nd inhr•¢tsons. Th• Aurn•ry g•rd•th, thvay at th¢ r•ar of Iha buiklirvJ, provkJing a iafe h?n ler thè thirt to play in all W•Athèrn. #dm'bèi ar• off•r•d indu0& tl•nc4. muyc. $port and Fr•nch. The Centre encourages the thihJten lo t ¥ NhY ltsstyk so rn1$ wg prpparnd on sita by lh8 Centr•'$ own cook. and doity menu8 dv4played on Ihe notr• board fcrf parenVc4fB¢8 iThformatK•n. Menus •r• wri•d att¢ing to lh• ¥?¥on, using local sUpplryd for tyji lrnih rn•aL frurt and veg•tsb. fAntr• folM •d¥Ke giv by Th? Chiklrgn'i Foott Trust. the NDNA. aThJ London 8oroW of LhaM to wiur• hoathkiii and mosi apprwlate l¢)od lor our chik4ren, refi•cting the ¢utturn• of chlklren 4ltsndiry ow nurwy. •• wdl u I othgrparts of th• wor. Th• C•ntrg opens from 8.ojam to 8.(rn. Monday to F1#Y. lor •hl ol yg•r. Therg th one Intak8 each y•ar in sepmber, when wo wekorthi ChiJ1•n fftlo th• C•ntr• who or6 apd nin• mMth• or ohJ•r. Th¢ C¢ntrg rn lor up t• forty ¢hiklr¢n attending on eith•r 8 fijll or a part twn• b•iro. Th• ¢hibJr•n •r• divkl•(l into thr•0 da85 of bvolw to fourtaen per claB8, and Ih8re are a minThum tsl i••¢Pws for oKh dau. Each class enjoys im•yinativ• pl•y, •xpr•iilv¥ ¥rt•, ¢on•lrycth)n, •tory Iwrn. grM8. th• g•id•n. c¢¢&ty. •rK1 •lwJ Iwrn, bal pod, ¢)n• lo one time wth teachers. FINANCIAL REview Th• Conlrn h pthcipalty fuld by the 1•0¥ charpd to r•ni on a r•nge of ses5th eptsjns. Oth•r incvn• li gon•r8t•d frw regi$tr8Jon f•01 ¥fKI RIgurmdrnng happen Ihroughoul tho yoar to ofiab projocls lo b• undertok•n. During 2021-2022 1 comp• r•lUrt$hm•nI of the ¢hibJr¢n # todèts was camod out. Pthns remain in place for the relurbi$hm•nl ¥VOfks In lh¢ Lthv•r Ground Floor 4r•• 10 rncomm•nu. how•v•r th• Board d•cidbd thai all rofurtlxhmentwoth¥ should ¢onbny• lo b• pul on hobj unld finano•l ¥thJ•liM irnpr•¥. post pandern. as th• intik•s for both 2021.2022. 2tr22.2023 iignffic4nUy b>w•r than prwartht Tht¢ W98 due lo ¥ Change in hi¢8 rnouirements by f¥rnils. iubsequgnt to th• pand•mt. ralh•r th•n a specffic issue 10 the nursery. The Ltxgl Aulhonty •dwwd Ihal ¢he Earty Y••rn lor u a hobg and had a $1•nffrtt dtyyntum In rgquirefftsnl for plac•s. Th• 4ir•ctOfS consKlef the for the ye•r lo •• OMFecl in e4Jrrnnl c4im•t•. Ih•y JhrM [t inc•min9 Ur¢ w•r¢ e3.38e 131 March 2023 t ov¢going £18.5C¥)l. The dir•d¢rs they can continue lo 8ch th•lr obl4¢u$ based on the re8erweE in plac•. ar¥J th• g#ns for Thprowm•nlwhith hou •nh•nc• Irorn8 In the fiJtur•. Th• waftlng Ilst8 for 2024-2025 h•N 25 ¢NkJr•n w th• Mcur• ht 25 on lh• Ivit. although thii nurrknr ro l¢)w•r agjin, a rèas6nabl• respon>? lo Inlts•l place offern has rnc•i%d. Th¢rn are no granteed pl•( 18ft for 2025, ond l#milies are reg18tering en thè Mi•rvo lili fer thai intsko. Thgre aro atroady farn4 ro9i$l•rgd for 2026 and 2027. and th• vel oferv4uiMs gboul r•gl$lr4fj fem•in$ consi$nt. Uptake of •¢¢$ m S¢pt¢thr 223 )crnawd comp•r•d to the inlAke in 2022. whth sorng thihlren frdnin4 knt•r in t•mi and durirvJ Spring Torm. Th¢ Board will contlnue to wn$bJgf Ih• ¢ption of icr•a>lry paCty al th• nurn•ry Ihrovgh CoffPli0fi of buihjing work• in th¥ basamanl. Th• Board •r• toking into account tho cost ol this woth. whKh wouky polenlkAIty in¢ludo finandrvJ costs 8$ well 88 con$tlU¢lion co6t8. Ind whether tho kn¢1ga8•J revenuo frc¥n 10 • furthor 16-20 pk•s w¢uk1 tyrin9. Th• Board are also consKlertng how an intreaaèd eapaety Uj •11ocl fv ThLnOry M a who. ¥ft¢r hovlng Nn lor •1 • 3 40 pk•c• nur••ry. Page 12
BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS, REPORT CONTINUED R THEYEAR ENDED 31 MARCH 2024 DIRECTORS. STRUCTURE. GOVERNANCE AND MANAGEMENT Blad(heath Montè550ri Centre Ltd is a company limibj by guatantee govgrmd by its and Arts"de$ of Associauon dated 27 Juna 1982. 11 is re9lStered as a (anty wth Ihe Charity ConMnissb)n. The directots who s&Ned duriryj the yearwore.. L J Athinson V Jeroft. who also acted as Cempany Sécmtary aTrJ Manwger, wilh r•spOnsilIfy lorpayroll & other odmini$trativ8 tasks. and G C Comte Directorn havè apptynlad under th• of thg vnr#Jn of Auod8tKryn Io 0¥8rn00 the man#gom0nl of C•ntr8 and lo ensure that Ihe cent remain$ c(mpebM m Ihe k)rAI nursery sector. Oirecte are recruited Ir¢yn the ojrreni an# pa$t par8ni base. AU pr05peth? nwnino01 810 invited to attend J br m861ing when they are askfd to provhJ¢ d¢tsils of thoir backgmuTra •n¢J ll$. Th• board undart8kes an ovalu#b"on ofth? omino8 and approvas any appoinlmonL Tho operatmal manageThJTht of the Centre ts th? rt311ty ol the Ho•J of C•ntr•. Jan• Skilen. Tha dirvetorn of the Centro mwt rnonthty 1h Jano. Fon minutes ar• writt•n •rbY di1iyutsd after each m••b'ng. Th• Canlre, through its reLglb)nship wlth pornnts, oJrMt and past ha$ b) dr on A w•ath of profe$Sn81 support whKh is m05t import•nl to ¢nsure tost effeclNe managmnl ofth• Contre. The Head, with tht usisiance of the O¢puty HeJ and OTre Manag¢r rovw thg Centre's Oio•s •nnu•ty. •nd orn•1 and upd•to as 8ropriate. knic• OTh polw * •ou9ht from the Local JIhonty. •n¢ the Haad an5urn$ that th• polics meet Of5t8d'$ mouirements at all times. Chr 35 polt$ are in place to ensure th• safoguardmg of thg chIren aThJ famili88 attending th• C•ntre. ¥$ well ai the 11off workwy at ¢tr. The ctre also has pohoes that out the C•nlre'$ comrnilrnenl to coUntsrddnnIkn ofony kirKt and topromot• poith for all f•mil$ atsn4irvJ The Boaryj and tho Head rgvk8W staff salwrk•s annu•lty, ¥ThJ fftcr•as•s are •w•rOod b•sed on the budgat arislng from pl#nned fe¢ Increa5•5 and stsir m¢rit Thg C•ntrg contribut•s 10 • workptKe F4JnsDn ScMI lor •t•ff who have cpl•J in, hnd folk)w8 current Gowmm•nl guK1oh"no$ on contr>utw Th? itaff ha¥e a g•nwous holK1•y alk)wanca. d•ndent on knngth ofs8rt•. abng Wrth p•#J ¥bnc for kno$S. siaff turnover ¢1 g•n•ralty kyw. •Th1 mony mgmb•r¥ of staff h8¥e worked at the Cntro o¥•r fthen y••rn. Th? C•nty• CPD for •tsff. •5 st•tylOry tr•Iry requirernenll 8uch as S¥logvording and Firat A. RISKS AND UNCERTAINTies Th• Oirnclorn adw•ty rewthe mw'or rmkx thatthe Centrel•ceJon • wthrb•8•nd belewa th81 m•lntalnlng At cuffent th1¥. ¢ornbiMd wilh an annu81 revknw ol ancial syslern$ will provvJ• suffiuent resourcgj in thè •v•nt ol Idverne condltsons. Following the Coron•Tr&iW$ pandamK. the DYe¢torn connu• towo¢k doty with the Head of C•ntr• nd Office Manig•rto monitorlh• fin8nclot1b4ty. Incr•as•d foM r4 bgiTrJ pthcd on canlng. PPE, risk aBs•iiments qnd polioes at th• nurn•ry. ai w¢ll fln4ncsal In oNl•r to •rour• wntinuity 0lprovk8Th ol $•rvic•, Ind ¥ieom•. Th• Dlr•ctors n$uro thai the nursery & fvlty iUrnd to ftwl ltylthtyrm of•t•d rnqulrnmwts. Polld•• arn kn plic• 10 minimi ri$k lo the Centr• ind th• f•mil• thèl attend. Th• Directors r•vww oth•r si0n8 Ih•l ¢ouk1 to th• C•ntr•'• itabllty. For•xwnpl•, th• Introduction of 30 hourn fvnded chire for•lvJJK 18mil•s coukj pOtyntlty c•uwJ fin¥ndwl ham) to tho Contre. H9¥r. Ih• Br¢I revd the JituatK>n •nd 1K•ld wth the Local jthorty. ond found # wiy io Introduc• th• Addllon81 funding for par•nts. withoul 11 a kxs ol incomo 10 tho nurwrf. As mor• yrontj w•r• •nquinry 8boul th8 additional lunded hourn. Ihe Board con•thred Ihal noi off•riThg the •JdthAI lurllry roduc• appliunls for Th• Hoad 6n3ure• Jhe kggpi abrn•ii ol othgr 1gllkng¥ by wrU*allng In Loc•1 Aulhority meeting• and training wsiion•. This th• Bo•r¢ to aw•r• ol th• Ihc• ol r•duc•d •nrokn8nts, couK1 in¢ur • downlum In kneom• lor lh• C•ntr•.
BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 1 MARCH 2024 PLANS FOR FUTURE PERIODS Duè to the thnlurn in enrolrrtsnts in 2022-X123. Ihe Board agreed Ihat onty •ssential Par[S 5houkJ be carrlod out. and that the plans lef thè refurbL4hrnen¢ ol the Lower GrouTha Floor be put on hobj. in orfar not lo depte incorre ar re$etves. The Board'5 ¢p10n wa5 that luth1$ h•J twn invested carefulty over Ihe prac8diThJ yearn in the 9rndl r9fUlshMWt olthe classrco)ms. kitchen afyj bathroom. and Ibjht of a reducton in applutK)n8 for pla£s. itwas not appropriate to ¢XF4nd lund$ on a lbh¢n1 proje¢¢ to KIaSti spac. The Board are aLw consKlering dth¢u.o$ lac8d by the Earty Years SKtor in th• wrr8nl dimale. partioJty rngardirrfJ recrthenl ol staff the appropriat• ¥013 of qualific8n5. èXFcd. costs of usirv4 terrw8ry stsff of a hlJh level to ensu that rat¥is are met at all tsmes irnpacled exF•ndituit. A I$ on rewitm¢nL 8nd planned expenditurg on hvjhty qualhfed pornnent 3iaff providing three teathing staff per dassroom, will mgan fvture us¢ ol t•mpornry staff wiu t4 sBnfficanly reduced. The Board ar• continuing to invest in staff tr•fftirvd •rO 119 ol thtr reining staff. as Ihe 8oard recogn they are key to th8 success of the nuTrery. The Boaryj continues r¢¥w ¢hg $ts to the nurntry, •nd th ol incorrn r•quifod to ensuro th• nUry rnrnains financialty vIab. Feg increas05 arn r•thd l¥lUty, and fin•nu•l y•afs Ve¢ of WIW form the b85 of analys for fae incre8aeJ. Tha Beatd ar• akn continUg to fo¢JA on lh• kry•¢t ofthe Go%wmftnfs ar¥J Locol Nthrity'i rth •rvJnd pr1ra fvndad hours. The slrin9ent DUS for offeriry lurth ¥TrJ how paronts •r¥ ¢h•rgad for con5umabs conc4m$ the Board, as $houk1 parents Opt to rt pay lh¢ con¥uMabS charg•. rt wdl have ¥ detrimontal financwl gffe¢t on t nurnory. The Board has agreed that a very limrted nvrreroffuntsgd onty pL•cs c4n bo offerJ, and pAr•nts to appty lor one of those pla8 shoubj cort Board to dtSCUss th• m8tt&r. Th• Btsa are aho considorw)g r•ilructurYvJ 19• wofikn ol th• nurwy, lo ffltyat• iny of I[Wr duo to parents opting oul ol the COUb eh•ry•. The 80?rd will b• fecusslng on ¥18rw cAJ•ts ha inry•w8•d •W#fic•nty, •rKI loJkMIg to (•duc• o)Jts in lutur y¢arn, whor• posiibl•. RESERVES POUCY The dlr•ctor• are of the opinlon th•t pr•aont lovel ol rMourc•J tther Ihg of d•sA•tsd [¥08 li 4d•qu•t• to ¥upport th• Con•1) ofth• C•ntr• •¢kn f¢f IM m•thwn toTh. •vM ol • pr•Jictsd downtwn In ¢hillr8n attendiryJ. Any ronovalion woths arn cty)sidered cor¢fvlty, •nd prfontssed by urgeThry. In roc•nt y••rs il w¥s no¢e8¥9ry lo ¢•rry wtcosty repan. InPre¥SY•4rlfvndahad nott••n •bI9 10 carryoutwarts to • hh it&ard. ausing additional in tht•rarn. The 90ord car•fvty con$thr8 ••th pooclto•Mure th¥tfvnd$ iynt wll rew malntsnanco iMu4s lor a numtyerolyearn. rn¢hw than b•iThJ'quKk fixei.. and lo •n•ur• the long t•nn affordability ol t project. Th• Office Mana99r reputs •1 Bo•rf of any POWt bad d•brn. •r¥J )(¥ b sought on how to r•wup unp•KI ts88. Th• Bo•rd's polKy li to take W •cbon to w mon• Q4TrJ. Brd find¥ that b•d dlbts do not occur regularfy. and •ny pot¢nfjal bad debtorn •r• mknw•J •rJ man•god by I Olfic• M•nayr. Any •xp•ndltur• ov•r £1,OW r& discussed •1 8o•rd M•¢lirAJs and 8gughl for tTh• •xponal¢ufg. Manag•m•nl Account$ ar• ffjvi•w•d t•rmty by lh• Offico Manag•r to the Board w upJ•t• on ir¢nhi •nd •XF•nditur•. Pr•wous IosBes hIOVrYo lo th• n•trJr•ofr•pAh Ind m•lntenwc rnqulrnj. Th? Bo¥1 lulty th• co$t Imp8¢t ol the repalrs •nd that tho r•qutrrrnnt ty ¢4rry out r•p•trJ ¥nd mthnt•Mnc• r#At•d I Ip•nOiThJ of Mi•r4*•.
BLACKHEATH MONTESSORI CENTRE LTD DIRECTORS. REPORT CONTINUED FOR THEYEAR ENDE031 MARCH 2024 REFERENCEAND ADMINISTRATIVE DETAILS REGISTERED OFFICE.. Independenis Ro& Ltmdon SE3 9LF COMPANY NUMBER". 01622834 GFWiITY NUMBER". 285105 BANKERS.. Nawi Bonk ACCOUNTANTS. 8rend?n P Byme & Co Lld, DIRECTORS RespoNSIBIUT]ES The #breOr6 are SpOnsIb for preparing an annual report aThJ finarK4al $lalwwnts in 4curdanc• wlh apph'cablv and United Kirytsn knunliro Sthndards IUnfd G•n•r•lty kt•pi•d A¢¢¢ting Pfoclcel. Comp•ny I requir the director8 to prepare fiThanc4818tsl•ments aach yoarwhK gr a and hir ¥i•w ¢lth• stst• ol •ff•irs ol the ch8rkiablg cornpany anot ot tho incomin9 r[¢4$ aTr3 oppkation of wwrc•s. induding lh¢ inGorrn and expondilum lof that period. In weparini the fw)•nci•l slat•ments. tho direthr• •r• reqLtv•J lo.. ct iuilabkn 8ccouthg po •ThJ blen monty.' th8 rnèthtsjs •) tt Chariti81 SCW, make judgeThnts and •sbmat•s Ihat arn rea50nabkn •Tra kwJty)t slats whether 4pplKabk UK acc>Juntin9 51andard¥ boon loltr•Md, •ut4oct to any matert departures dI)d and •xpl•inod ITh th• fin•rt¢i•l sl•t•m•nts: prepare Ihe finantiil ststemènts ¢)n IM gort ¢>)nc•m b••lB unl•M it * h1•ppr1 fr) pMium• that lh• ch8nty wll conlinuo in 1[. Tha diroGtorn arn rnipoMlè lor k••pry pffjper •Koun¥ng r•cwd• thatd0•• wllh rn••oMbl• acGw•cy Jt •ny lrn• tha finencwl politrt ¢1 the ch•nty to •Mbl• to ¢Asure that Ihe finanual ¥tAt•m•nt• ¢¢mpty with lh• Comp•ni 120Ce. Th•y ar• a0 reSpo1•10rsIflguarJIIY tsassets of th•chantyAfva th•9roup •nd hence taking r¢asgn¥b stops for th• prnv¢nn and d•1xon ol fr•wJ •ThJ olh•r lff•qulodts& Th• dirnrtorn •r• M•WAsibb fortr rn•iThl•rs•n ond integrity ¢1 lh• corwats •ThJ finanual irrfoffnthn inc4u¢Jed on the ch•ritsbl• company's w•b8rt8. STATEMENT AS TO OISCLOSURE TO OUR ACCOUNTANTS In lo far ai Ihe dlre¢torn ¥ro owar• at th• ofaFWng ourwnu•l rnpyt Ih•r• * no inform•tion. 1[4 in1)rmit n••dvd by th• •ccowit•nl kn c>Thr¢t pr•yriry th•lr r•porL of whkh th• accouThtsiit 18 un•w•r•. •nd 4ir•ctorn, having mado •nqul•s ol dk¢dorB and Ilw •¢thuntanL that th•y owt to hpv• Indiwdualty takan. h¥w4 ••ch l•ken ¥H $t•p that L• oblwl to toke ¥ ¥ dOr kn ord•r to make lh•mMl •w•r• of •rsy rf•¥ant inforrnAtion •nd to ••i•Wiih th•1 th• •ccountsnt i¥ •w•r• ol Ih•t Infomwtkn. ctoria JertyN• Page IS
INDEPENDENT EXAMINERS, REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE DIRECTORS OF BLACKHEATH MONTESSORI CENTRE LTD FOR THE YEAR ENDED 31 MARCH 20 In accord8nc6 with the engageffnII8tterda 21 October2coe. and d#r1¥s$iY0 knfuml yowdutss underthe cempan$ Act20(. we have cornpiled tre financi81ststemenfsolthe companywhth compme the Slalement ol Financial Adv$. BaLance Sheet and the lated notes from the accounb.ng and InlorrnatK)n and exptsnations you ha¥¢ gw) to us. Th18 report Is m8d8 the Company'5 Board of Direclors. 45 4 body. in •GrdIn¢ with th8 l&mH of our •ngagement. Ourwork has been underten so thalwg mKJht Compl thefinancial $lateTrnts thatwè havg l)een engaged to Cx)mpi. rewrtto the ConwnY$ Boaro of Oitsaors th8twe hatst done $0. and Stsle thosa matters that we have agreed to slate to them in lh report and for no Olher Pu05e. To the fijlknl extent permitted by law. we n¢t acc¢pi or a88umo rwn•ib4rty to anyone oth•r than th Comp•ny and Ihg C¢mp•ny's Board ol Direflor8. as 8 bw. for our orfw lh IWL You have acknowkndged on the Balanc Sheet for the year ded 31 Marth 2024 yourduty to ensu that thg cornpany has kept proper aUnt9 reeryds ano ¢0 pr¢pare financial statènnts th•t gNe a and fair viww under the Companw k12C(fj. You rnn•fthattr company is •xwryt frryn sthtthy wuwM)&ntfwan ¥udit for tho y•ar. W¢ hav• not been instruthd w carry oul •n a)bl olV firbunethl statements. For re¥$on, wa not ¥erfd th• •cu¢r8cy or¢cffipkntsrnuofth• tsJJntird r•cords orinfrymoon•ndè)¥4inaih)nsyou ¥8 gfven te us and we do not. thgr¢forg, expr•sJ any opMiJn on tr• fan(la1 $ts1gnwnts. 8rendan P Bym8 & Co 12 Obj B•x* La e•xloy Kent DA528N Page 16
BLACKHEATH MONTESSORI CENTRE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Gon•rnl Fund R••trl¢t•d Fund 2024 2023 Incomlno AOUr¢•8 Ath'tiès for geratir fvJtY$ Fa•s R8c4vabl8 603.147 603.147 ,983 VoluntAry Incrne Fundrai3ing Grant$ r¢¢•N•d 2,986 3.931 Other IA)rn# S.$38 2.986 611671 R•SoUrc Exp•nd•d Charttsblg activrtie8 Educational $eMC Colt Of9•rratsng vdunt•ry IiKcffi• Fundrwsing & pubboty Monag•m•nt & admlnijlration 519.656 325 519.981 491,103 325 N•t loutyolngl I Incomlng rn•ouv¢M b•for• tr•n•f•r• 725 2.e81 3,386 (18,$9QJ Tran5fern N•t loutgolngl I In¢omlnq rn•oUrl forth• y••r 725 2.681 3,3e6 (18,5CQ) Total fuTrJ$ brought loNArd Totsl fund• eath•d forwrd 371714 430 632 427 246 The company made no rectyJn6s•d g•ln8 or oltrf than thow rept•d in tre in¢tyn• ar exp•ftdir8 g¢eount The $latemonl offinan¢wl aClMtNis Ind1• •ll gains •nO k)ssu All incorro pnd •xp•ndilur• derN• Irom conlnuin9 OF•f•bon8. Page 17 The notès ¢)n pagos &13 Irffi) part ol the•• rThrlI stat•n•nts
8LACKHEATH MONTESSORI CENTRE LTD STATEMENT F FINANCIAL POSITION AT 31 MARCH 2024 SHE 2024 2023 FIXED ASSETS Tangible assts 292,243 315,359 CURRENT ASSETS Debtors C8sh at bank an(1 in harwj 4,222 232,877 237.099 1,857 22T,692 229,549 CREDITORS.. Amounts lalllng duo wlthln on• y•ar NET CURRENT ASSETS 10 (72.2751 IT3,663J TOTAL ASSETS LESS CURRENf UABILMES 457,C67 4T7.245 CREDITORS: Amounts falllng du• •ft•rfflorn than y•r NET ASSETS 11 126.4351 143,999? £ 430.632 £ 427,246 THE FUNDS OF THE CHARITY Restricted in¢orne trrn funds 14 58,918 371,714 56,257 370.989 TOTAL CHARITY FUNDS £ 430,632 £ 421,246 In apwovbLO Ilw•finarthl stathnts ud¥•cMoftr•cuhyny w•1 LJ)nfiM1tr. For the y¢or in questn Ihe ctymp•ThywM ex•tr¢tN>) urrtl•r•xtkn 4T1 oftr 2C(e fo18n9 lo small cowns. Dlr•¢ior8' rn8pon8ibililhrys.. 11 The momrn have not Ih•cry•ny 10 oblth•n 4fOr •t)Mnts fortr ywlfv (pMAtS0Th In cordance wilh $ection 478. 21 Th• dirKtors •cAnowl8dgo thdrrn¥%1kn)fC¥lryy4th f•qu1r•nnl• ol th•kltwlth r•ip•ctto accounJng •1 th• ol •cUnts. Th•s• •ccounts hA¥e pr•p•r•d kn •cu¥dJn¢¥Jwlthth•proihrA•F•bl•toccrynth •utttoi 8rn811 cornpanvai, rogim •TrJ Iho Charityel A¢1 2011. Th•iecous• r0 •pdty th• bo•Yd ofdirKt¢rn on oli11201L Page 18 Th• not•s an p•g•• fv13 fomi part of finand statwMnl•
8LACKHEATH MONTESSORI CENTRE LTD NOTES TO TH CCOUNTS FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING PQUCIES Blt of prnpar¥tion The financial $lAternents haw been prepared accordance with uounty"ng and Repornng by Ch4ritses.' Stalemtrnt of ReGomméndad Pr8ctiC8 applicab to charrts prepaiing Iheir •eCots In acuJntart• with the FinancJ81 RepDrbng Standard applLabk In the UK and Republ of Iland IFRS 1021 leffèthe 1 January 20151- (Charities SORP IFRS 10211, the Finanoal Reporting stalar¢ aOKAble in the UK and RepuNicol Ireland IFRS 1021 and the Compan$ Acl 20C6. Blackheaih Monts$sori Cenlrn Ltd rreets the definition of a Publ befil enbty under FRS 102. A$88ts and liobilrts are Inlty rwnLwl athMthnc4 LUtor tran8aclM Val othenvw it3twJ in Iho reknvaThlaccounting policy notel¥l. 1b T•nglble flx•d M•ts Lsnd and bu'ng •reohown #tl91n81 hi$ton"ral C4bSt fUrthèrdw•uaIb is noto)nsbJernd r•w8ary dw to th• m•lntsnanc8 and upkoop of th• budding urJ8rtaken. Otherfrxed are shown att1 deprwation Wed. •ftor laking occ¢urtt of•ny qr•nt• r•c•N•bl•. •t lh• folb)wing annual r8tts in ord8rtowrit• off •a¢h •ss•t over it¥ •sl¥nal•d tul1rf• by th• fgduLing balaneo m•ihod. Plant and equymnt Fixtu¥ fittrys Equipffnl 25 25 1¢ P•n•lo Th8 company 0rat09 adefined wnlthtK)n sdwrnaIh ¢hwy r•)reMnts th• #mounts payabk by the wnpony io thts fvnd In th• y••r. 1d Iorn• Income comprisM Iho v4lu80fmknof•duulld4Y e•r• forchsSJren. and s•Nrns in lth• nom)•l courJ• of buskn•M ba$•d on Almd each Iwrn. Th• c4xrwny r4 not rtquired to be rwmterod lor VAT. Dwsits tak•n •r• lbJ 45 Iwbilths un¥1 ar• rnfijnded. 1• Int•rn•l Int•r¢8tonfuTrJs htrkl ¢n dopojit M indj•d r•bIl ar the ount b• relablyty I th•rity,' thya i• nomiaw upon notyfiution oltm orp4yabl• by ts B•nk. If Fw Unre$tn'ctod fvnds arn availablp toynd on •ctiwts th•tfvrth•r any of the PUfF•s of tharity. O•$natod fuTr&i
r• unr•slrtcted orth• ¢harfty whth the dlrrydm h•b• ¢JpvJ•d It dOtion lo *t to for •
•p•cffi¢ Pur•. lo Exp•ThJltur• Exp•nditure. In¢ludes VATrf•ppllc•bl•, and ts r•c•¥nLwd orvi th•r• h • •1 orconitructiw Obhg8tn lo m•k• payrn¢nl to 4 thifd p8ty, It ts prob•bl• th•1 sothment will b• rnquir•d And th• •ffnI of th• ob•.0 ean b• m•#$ur¢d reliabty. 1h Fln•n¢l•l Tho Charity onty ha¥ ¥ b•nk rnuur•d •l•rKrlbwd eMI th• •ll•¢tiv• Int•rnitrrntrd. LeGAL STATUS Th• C•nir• th a cowny limii•d ty gUno ar h•$ caprt•l. In th••¥•nt oflh? th•ity b•thg wound up, th• Iwbilty In reiwd ofth• gu•rntth• * kn¥t•d to £1 P•f rr•r*•roflh• ch•rlty. Pale19
BLACKHEATH MONTESSORI CEKTRE LTD NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 NET OPERATING EXPENSES 2024 2023 Nel osxrating ey Distn"bubon costs Administrat gXFWSOS DeprEaabon 11691 555.033 24,520 (229) 524,418 24,539 £ 549, T28 OPERATING ILOSSYPROFIT 2024 2023 ILossyProfilon OTdinaryaclMtw N 8tabJ after thar9iThJ'. Depwation and amthsth.l oftsTrJth Asa8ts'. POnSK CQ 24,520 8,773 24,539 9,255 INTEREST RECEIVABLE AND SIMILAR INCOME 2024 X123 Bank intern5t reetIti cornm18¥3 4.975 159 l.T52 Oth•r fvndiry INTEREST PAYABLE AND SIMILAR CHARGES 2024 1023 On bank lo¥n$. ov¢rdrafts and olh8r loans Repayabl• wrthin fiva years. by instalrnents STAFF COSTS 2024 2923 393,889 49,785 31.433 8.773 412.027 2,410 34,310 9,255 T•mpor8ry and 09¢n¢ya Social security c£4ts PensvJn ¢t4ts £ 458 062 Average monlhfy adCnIwS 18 #tsff12023". 18 8tsffj. No employ995 had employ0• t•rth kn •xc•ss 01£8).( None oflho pernonn81 ¢rAts orn altributsbla •* o)8tson r•strktod athitw. Paiello
BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR E14DED 31 MARCH 2024 TANGIBLE FIXEDASSErs Land & T•nglbl• Bulldlng$ Total Co•t At 1 Apdl 2023 Additions At 31 March 2024 274,341 275.986 1,404 277.370 550.307 1,404 551.711 274.341 D•pr•GS•tl¢n At 1 Aprl 2023 For th• yegr At 31 Mafth 2024 23.014 211,934 24.520 236.454 234,948 24.520 259.468 23,014 N•t Book Amoun1• At 31 Marth 21724 £2S1.327 £40.918 £64.032 £292,243 £315,359 A137 March 2Q23 £251.327 DEBTORS 1024 Trade dobloi¥ and pr•p•yrywnl• 10. CREDITORS: AMOUNTS FALUNG DUE ¥MTHIN ONE YEAR 2024 2023 Tr•(18 er•diior• cruAls and •undrycr•ait¢r• Oth•rtsxts and 80ry¥1 wilty Olh•rer•ditors •nd d•f•rMd hi¢offthi 274 12,983 10.917 48.101 0.286 6,913 11,130 49,328 683 11. CREDITORS.. AMOUNTS FALUNG DUE AFreR ONE YEAR 2024 ao23 Bwnk l3•ns ond thnrdrtfts £26435 £43999 12. TAXATION Th• ch•rity 18 •x•mptfrom tsx M InrAirr• •TrJ g•ins IAlwqtwlthln ••ckn 505 olfv Taxm 1988 u any •XC•llo1 of incom• o¥•r •xpgThJitur•. 11 mxl•. w• rfl*d to Its thgritsbl• ¢bts. Part¢111
BLACKHEATH MONTESSORI CENTRE LTD NOTES TO THE ACCOUNTS CONTIN ED FOR THE YEAR ENDED 31 MARCH 2024 11 RESOURCES EXPENDED Anaty3i¥ QleXpendtyr¢ thwtsblB ath'. 2024 23 Educaonal a¢¥10 Staff c05ts' Training & reuuthwt Pr9rn. cefiig Equiprn8nt & rnat8ria18 Office and othgr ts. Deprnaabon" 435.4 414,224 4.05 29.227 12.656 26.813 15.7 11.757 1.B93 2.073 22.085 519, 488,281 C1 ol obtalnln fund• M•n• •rn•ni •nd #dmlnl trnllon ofvthth G¢)¢• IJ £1.2 {2023.' £1.2eoi 46,025 Staff ¢osts' Other C¥.. 2,979 210 3,24T 230 Off¢• ond athw c45ts' HI costs Cornputer costs Le981 & profw¥xal Bonk charg Insur8nco Depaty). 11.152 3.295 10,093 2,793 477 17,536 2,454 {2S8J 18.861 81240 e07 ge 571521 Th• ehifity 5Th•1 kY•Thttlki¥ Iha costs ol h)to •thii •du¢•yr or c4kngorkn•, tho•• LY)its th•t that cobr both aeUvltio1' •r• Ihan apportKned bu•d M an IpproM•1 of Iwn• sp•nt GowmMc• •r• th•n kl•ntm8d trom th• rn8n8g•m•nt 4clvth$ undertoken. Al repair5 m•1 from uftrnstrd tyTrJ•. Th• I0yra page• do not lomi p•rt oftr Companf• St•tuW fftMnra sthmMI• •nd are ptyr•d lorthe knIorn00fi of lh• D*•trn onty. P•ge 112
BLACKHEATH MONTESSORI CENTRE LT DING AND PROFIT AND LOSSACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2023 Saf•s e03.147 518,9 Costofsakn¥'. PUh85&S Otherdir•et•yrMs 26,720 19,607 Gross profft 57S.785 528,734 581.323 531.663 Selling and mathtmg co Almlni•tr•iN8 eyns Dop¢•ekqlknand 4rTh)rflt (229) $56.247 Not lsxsl I wofit lor Iho yww Tran6fertod••watsd fvr 725 119,6CF? Tr•n•f•roflunth tolfrcm RalaIn profits ltIond Ro10in•d profits carra ftyw¥d 725 (19,6091 Page 113
8LACKHEATH MONTESSORI CENTrE LTD PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 PUrchal- Equipment and mat81iaL8 Catering 10,934 15.786 £26,720 6,951 12.656 £19.6Q7 Other dlrn¢t •¥p•. Plant hire £642 Oth•r In¢om•'. Trips Oth•r inccffje. bank int•mst commi59KJn 1.089 1,840 £2.929 5.538 5,538 S•llln9 Ind mat*•tlnq co•t•'. Adverti3in9 8 sa$ promotion Bad d8bts (recove> 169 259 189 229 Pag8 114
BLACKHEATH MONTESSORI CENTRE LTD PROFIT AND LOSS ACCOUNT SUMMARIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Z023 Pamng Iless CGffitributicyII 5.255 6.Cfj5 8,318 6,661 412.027 34.310 2,470 9.255 2. 186 1, 144 10, 105 1,632 1. 161 4,017 17.536 4,070 1,414 495 "ghl and he Repairs & r8nffl¥$ Salaries NIC empltyor jen staff Panson ¢tribUti(S Reryuitrngnt & trainffig PrCleCti equipment C¢)mputer o)sts nta)cy Profes?[ Fg Wa8t• di4)08 Insurance 393,869 31.433 49,766 8.773 824 11.152 1.731 2.787 18.861 4.251 Cl•oning Stationery & ¢)ffK• pPli T¢lephon• Sunijry expen3•1 Bank thar9•$ 1S9 276 477 525.41 1,544 526,962 Lo•n Intwest 1,214 556.247 D•prn¢S•tlon and •mortlMllon: 2024 2023 CyrtkIn ofpl•nl& ffl•Skny 10.114 10.113 D•prnckn*ib)n offiylurns & IIVW 13,482 13,832 D•prKLqtrJn olwu £24,520 £24.539 Page 118