# ## |Executives|and Advisors|| |---|---|---| |Trustees'|Report including
Strategic Report|3-15| |Statement|ofDirectors'
Responsibilities|16| |Report of|the Auditors|17-19| |Statement|offinancial
activities|20| |Balance sheet||21| |Statement|ofCash Flows|22| |Notes to the financial
statements||23-33| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Key Risk|Key Risk||||||Potential Impact on Objectives|Potential Impact on Objectives|Risk Response| |---|---|---|---|---|---|---|---|---|---| |Operational|||risk||||Pandemic
(eg COVID-19),||Contingency
plans for delivery of| ||||||||enforced school closure,||education
remotely;
data backup| ||||||||computer
failure; destruction|of|procedures
and precautions;| ||||||||property;
fraud resulting
in||disaster recovery
plan;| ||||||||financial
loss; data loss; damage||recruitment
ofsuitably
qualified| ||||||||to reputation.||staff; DBSclearance for all| ||||||||||students
and staff; appropriate| ||||||||||policies and staff training;
staff| ||||||||||wellbeing
resources available;| ||||||||||insurance
including
cyber| ||||||||||insurance,
financial
conttols
in| ||||||||||place; monitoring ofbudgets
and| ||||||||||financial
results,| |Governance|||and management||||Lack ofclear plans and priorities;||Strategic plans reviewed| |structure
and skills
insufficien
to meet the
Organisation's
objectives,
financial
resources
insufficient
meet the Organisation's
needs||||||to|poor value for money; poor
service delivery;
uncertainty
on
staff and board roles and
responsibilities;
loss ofkey staff;
competition
from other||annually;
monitoring ofbudgets
and financial
results; regular
Steering Committee
meetings;
clear understanding
ofroles and
responsibilities;
robust| ||||||||Montessori
training
centres and||recruitment
process;| ||||||||schools||documentation
ofsystems
and| ||||||||||procedures;
marketing
plan
in| ||||||||||place and monitoring of| ||||||||||competition.| |Regulatory
compulsory||and legal changes,
closure ofschool|||||Lack ofcompliance
with
government
regulations
and||Key legal and regulatory
requirements
identified
and| |and/or college, possible changes
to charity's
mandatory
business
rates relief, VAT changes.|||||||authorities,
including
Ofsted;
School Inspection
Seivice;
withdrawal
ofcollege status;
withdrawal
ofhighly
trusted||proposed
changes monitored;
membership
ofumbrella
bodies
eg ME(UK), ISBA; Health &
Safety reviews; fire safety| ||||||||sponsor status by the UKVI,
ofstudents
from Europe, risk|loss
to|reviews;
delegated
staff
responsible
for regulatory
areas;| ||||||||service deliveiy,
loss ofstudents||nionitoring ofchanges to visa| ||||||||and/or school children, cost of||requirements
and other| ||||||||living crisis,||international
student
issues,| ||||||||||introduction
ofUniversity| ||||||||||sponsored
Foundation
Degree,| ||||||||||remote learnin
lans
re ared.| ## ## ## ## ## |Five year summary
for|the year ended|31st August||||| |---|---|---|---|---|---|---| |Income and Ex enditure|Account|||||| |8thousand||2022|2021|2020|2019|2018| |Incomin
Resources||3 580|3 385|2965|2 840|2 661| |Resources Ex ended||3415|3 151|2 875|2 811|2 822| |Net Income/
Ex enditure||165|234|90||161| ## |8thousand|||2022|2021|2020|2019|2018| |---|---|---|---|---|---|---|---| |Fixed Assets|||8 432|7 797|7 851|7 907|7 947| |Current Assets less Liabilities|||277|193|95|241|310| |Funds —Restricted|||||||| |Funds —Unrestricted|||8,153|7,985|7,754|7,664|7,635| |umbers
ofstudents|and children||||||| |No|||2022|2021|2020|2019|2018| |Students 3-6 Course|||94|96|63|72|60| |Students 0-3 Course|||19|31|31|31|| |Students 6-12 Course||||22|22|20|20| |Assistants
Courses|||343|441|238|87|| |Other Courses and Worksho||s|476|772|356|365|431| |School children|||194|187|187|181|179| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Statement of|Statement of|Financial Activities|Financial Activities||| |---|---|---|---|---|---|---|---| |||For|the year ended 31stAugust 2022||||| |||||Unrestricted|Restricted|Total|Total| |||||Funds|Funds|Funds|Funds| |Income and Expenditure|||note|||2022
f|2021
f.| |Income|||||||| |Income fiom charitable|activities:||||||| |Course and other fees|receivable||2|3,553,796||3,553,796|3,375,226| |Income from generated|funds:||||||| |Donations
and legacies|||3/141|10,055|14,673|24,728|8,012| |Interest receivable||||458||458|199| |Other Income||||819||819|1,170| |Total Income||||3,565,128|14,673|3,579,801|3,384,607| |Expenditure|||||||| |Charitable
Activities||||3,397,121|18,041|3,415,162|3,151,011| |Total Expenditure||||3,397,121|18,041|3,415,162|3,151,011| |Net (Expenditure)/
Income before||transfers|6|168,007|(3,368)|164,639|233,596| |Transfers
Between Funds|||14|(582)|582||| |Net Movement
in Funds||||167,425|(2,786)|164,639|233,596| |Balances brought
forward at|||||||| |Iu September 2021|||14|7,985,080|4,964|7,990,044|7,756,448| |Balances carried fomvard at|||14|8,152,505|2,178|8,154,683|7,990,044| |31"August 2022|||||||| |||||||Balance|Sheet||| |---|---|---|---|---|---|---|---|---|---| |||||||At 31stAugust 2022|||| |||||||2022|2022|2021|2021| ||||||no/e|f|f.||| |Fixed Assets|||||||||| |Intangible|Assets||||8||||| |Tangible assets|||||9|8,431,960||7,797,381|| ||||||||8,431,960||7,797,381| |Current
Assets|||||||||| |Debtors|||||/0|130,851||224,710|| |Cash at bank||and in hand||||927,929||1,358,782|| |||||||1,058,780||1,583,492|| |Creditors:|amounts||falling|due within|//|(1,198,581)||(1,180,921)|| |one year|||||||||| |Net Current||Assets /(Liabilities)|||||(139,801)||402,571| |Total Assets||Less Current||Liabilities|||8,292,159||8,199,952| |Creditors:|amounts||falling|due after|||||| |More than one year|||||/2||(137,476)||(209,908)| |Total Net|Assets||||||8,154,683||7,990,044| |Funds|||||||||| |Restricted|funds||||||2,178||4,964| |Unrestricted||funds:|||||||| |General|||||||7,465,693||7,298,8 I8| |Designated|||||||686,812||686,262| ||||||/5||8,154,683||7,990,044| ## ||||||Total funds|Total funds| |---|---|---|---|---|---|---| ||||||2022|2021| |||||note||| |Cash Flows from|Operating|activities:|||281 340|460 333| |Net cash provided|by (used|in) operating|activities|17|281,340|460,335| |Cash Flows from|Investing|activities:||||| |Interest|||||458|199| |Purchase ofFixed|Assets||||(712,651)|(119,646)| |Net Cash provided|by (used in) investing||activities||(712,193)|(119,447)| |Change
in cash and cash equivalents
in the year|||||(430,853)|340,888| |Cash and cash equivalents||at 1stSeptember 2021|||1,358,782|1,017,894| |Cash and cash equivalents||at 31st August 2022||18|927 929|1 338 782| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||| |---|---|---|---| |2022||Total Funds|Total Funds| |||2022|2021| |School Fees:|||| |Gross Fees
Bursaries/Discounts
Government
Grants
Other School Income||2,513,913
(250,147)
156,699
~82|2,237,1 14
(279,892)
164,010
U 911| |Course Fees:||2,452,288|2,137,143| |Gross Fees
Bursaries/Discounts||1,168,398
{566890|1,315,789
~77 706| |||1,101,508|1,238,083| |||3,553,796|3,375,226| ## ## ## |2022|||Direct|Staff Costs|Allocation of|Total Funds| |---|---|---|---|---|---|---| ||||Costs||Administration|2022| ||||||Costs|| |Salaries and social security||||||| |Course Salaries||||518,697|135,862|654,559| |School salaries||||1,111,172|291,049|1,402,221| |Catering|||132,391|42,821|21,048|196,260| |Teaching aids, materials||and other direct||||| |expenses|||107,473||7,981|115,455| |Examination|costs||1,619||120|1,739| |AMI fees|||58,796||4,367|63,163| |Property costs|||809,362|13,093|60,107|882,563| |Advertising|||58,068||4,312|62,380| |Governance|Costs||20,976|15,846||36,822| ||||1,188,686|1,701,629|524,847|3,415,162| |2021||||||| ||||Direct|Staff Costs|Allocation of|Total Funds| ||||Costs||Administration|2021| ||||||Costs|| |Salaries and|social security|||||| |Course Salaries||||550,514|125,300|675,814| |School salaries||||1,044,623|237,762|1,282,385| |Catering|||94,720|42,821|15,621|153,162| |Teaching aids, materials||and other ditvct||||| |expenses|||56,399||3,498|59,897| |Examination|costs||1,672||104|1,776| |AMI fees|||59,829||3,711|63,540| |Property
costs
Advertising|||768,767
60,921||47,680
3,778|816,447
64,699| |Governance|Costs||17,445|15,846||33,291| ||||1,059,753|1,653,804|437,454|3,151,011| ## |Administration
Costs
||||| |---|---|---|---|---| |2022|Unrestricted|Restricted|Total Fuads|Total Funds| ||Funds|Funds|2022|2021| |Salaries
Accountancy
and Payroll
Legal and Professional
Inspection
and accreditation
Montessori
Education (UK) Limited
Staff Life Assmunce
Travel and subsistence
Printing,
postage
and stationery
Telephone
Sundry
Archiving
and study centre costs
Bank charges
Subscription
to examining
body
Bad debt expense
Recruitment
Licenses
Depreciation
Amortisation|293,899
6,467
64,164
8,613
1,008
9,076
18,620
15,157
4,868
11,373
2,813
16,366
2,059
27,285
2,942
9,754
22,140|8,243|302,142
6,467
64,164
8,613
1,008
9,076
18,620
15,157
4,868
11,373
2,813
16,366
2,059
27,285
2,942
9,754
22,140|268,178
6,035
37,739
8,613
7,366
1,681
17,970
8,223
9,709
900
18,826
5,874
(1,445)
12,990
11,761
21,204
1,830| ||516,604|8,243|524,847|437,454| |||I Note 13)||| ## |2021||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total Funds|Total Funds| ||Funds|Funds|2021|2020| |Salaries
Accountancy
and Payroll
Legal and Professional
Inspection
and accreditation
Montessori
Education (UK) Limited|268,178
6,035
37,739
8,613||f.
268,178
6,035
37,739
8,613|300,641
7,998
20,930
14,217| |Staff Life Assurance
Travel and subsistence
Printing,
postage
and stationery
Telephone
Sundry
Archiving
and study centre costs
Bank charges
Subscription
to examining
body
Bad debt expense
Recruitment
Licenses
Depreciation
Amortisation|7,366
1,681
17,970
8,223
9,709
900
18,826
5,874
(1,445)
12,990
11,761
21,204
1,830||7,366
1,681
17,970
8,223
9,709
900
18,826
5,874
(1,445)
12,990
11,761
21,204
1,830|8,342
32,302
15,810
13,810
7,951
3,375
17,470
2,577
31,649
6,343
4,627
15,876
2,440| ||437,454||437,454|506,358| ## |6||Net Movements
in Funds||||| |---|---|---|---|---|---|---| ||||||2022|2021| |||The net nieve men/ infimds|is stater/|after charging.||| |||Auditors'
remuneration.||||| |||- current year|||19,500|16,500| |||- (Over)/Under
provision|in prior year||1,326|944| |||- ln respect ofother services|||6,646|7,494| |||Depreciation —tangible
fixed assets|||74,783|75,372| |||Amortisation
—intangible|assets|||1,830| |||Loss/(Surplus)
on Disposal ofFixed Assets|||932|96,211| |||Operating
Leases|||316,000|316,000| ||7|Directors and Employees||||| ||||||2022f|2021f| |||Staff costs during
the year|were as|follows.||| |||Wages and salaries|||1,711,226|1,602,825| |||Social security costs|||175,444|157,172| |||Pension costs (defined contribution||scheme)|47,388|43,831| |||Pension Costs (other)|||12,440|12,440| |||Redundancy
and Reoiganisation
Costs||||| ||||||1,946,498|1,816,268| |2022|2021| |---|---| |number|number| ## |8
Intangible|Assets|||||| |---|---|---|---|---|---|---| ||||||IT|| ||||||Development|| |Cost||||||| |At Ia September 2021
Additions
in the Year|||||65,240|| |At 3 in August 2022|||||65,240|| |Amortisation||||||| |At I" September 2021
Charge for the Year|||||65,240|| |At 31"August 2022|||||65,240|| |Net Book Value||||||| |At 31"August 2022||||||| |At 31a August 2021||||||| |9
Tangible Fixed Assets||||||| ||Freehold|Building|Office and||Assets|| ||Land and|Improvcm|Itttchcn|Computer|Under|| |Cost|Buildings|entsf|E4tutpmcnt|&IT
f|Construction
f|Total
f| |At 1st September 2021
Additions
Transfers|6,603,789|1,283,656
774,684|206,003
12,792|46,949
5,808|80,633
694,051
(774,684)|8,221,030
712,651| |Disposals||(4,221)|(15,044)|(8,923)||(28,188)| |At 31st August 2022|6603789|2054119|203752|43833||8 905493| |Depreciation||||||| |At 1st September 2021
Charge for the year
On Disposals||234,732
52,643
(1,193)|163,758
13,604
(14,783)|25,159
8,536
(8,923)||423,649
74,783
(24,899)| |At 31stAugust 2022||286 181|162579|24 772||473 533| |Net Book Value||||||| |At 31stAugust 2022|6603789|1767937|41173|39061||8 431960| |At 31st August 2021|6 603 789|I 048 924|42 245|21 790|80 633|7 797 381| ## |10
Debtors|10
Debtors||||| |---|---|---|---|---|---| |||||2022|2021| |Trade Debtors||||71,649|109,347| |Provision for|bad and doubtful|debts||(39,704)|(13,909)| |Prepayments|and accrued income|||65,299|116,522| |Other debtom||||33,607|12,750| |||||130,851|224,710| |11
Creditors: amounts||falling due within|one year||| |||||2022|2021| |Trade creditors||||58,998|58,871| |Social security|and other taxes|||43,070|43,220| |Accruals||||140,941|128,463| |Deferred
income||||786,397|766,045| |School deposits||||132,850|125,650| |Other creditors||||36,325|58,672| |||||1,198,581|1,180,921| |Defen ed income relates to course|fees and school fees received|in respect ofthe following
year,| |---|---|---| |Balance at I September 2021||859,352| |Fees received
in advance||690,373| |Released to statement offinancial|activities|(730,728)| |Balance at 31 August 2022||818,997| ## |12
Creditors|: amounts
falling due after more|than one year|| |---|---|---|---| |||2022|2021f| |Lease Incentive|Provision|104,876|116,601| |Deferred Income||32,600|93,307| |||137,476|209,908| ## ## |||||||Unrestricted|Unrestricted|| |---|---|---|---|---|---|---|---|---| ||||||Restricted|Dnsignated|General|| ||||||Funds|Funds|Funds|Total Funds| |Fund balances as at 31a|||August 2022|||||| |as represented
by;||||||||| |Tangible
and intangible
fixed assets
Net Current
assets/(liabilities)
Creditors
falling due ager more than|||||2,178|7,688,608
30,550|743,353
(172,528)
(137,477)|8,431,961
(139,800)
(137,477)| |one year||||||||| |Total Net|Assets||||2,178|7,719,158|433,348|8,154,684| |14
Funds||||||||| |||||Balance|Incoming|Outgoing|Transfers|| |||||B/fwd|Resources|Resources||| |||||||||Total| |Unrestricted
Funds||||||||| |General
Designated|- assets|||7,298,8I8
656,262|3,564,578|(3,397,121)|(582)|7,465,693
656,262| |Designated|-Bursaries|||30,000|550|||30,550| |Restricted|Funds|||7,985,080|3,565,128|(3,397,121)|(582)|8,152,505| |Playground
Project
Help The Children
Born Inside Project||Project||2,178
2,786|9,798
4,875|(9,798)
(8,243)|582|2,178| |||||4,964|14,673|(18,041)|582|2,178| |||||7,990,044|3,579,801|(3,415,162)||8,154,683| ## ## ## ## ## ## |17
Reconcilia|tion
ofcash flows f|rom operating
activities||| |---|---|---|---|---| ||||2022|2021| |Net income(expenditure)
for the reporting||period|164,639|233,596| |Adjustments
for:||||| |Depreciation
and amortisation
charges|||74,783|77,202| |Proceeds from disposal ofFixed Assets|||3,289|96,211| |Dividends,
interest|and rents from investments||(458)|(199)| |(Increase)/decrease|in debtors||(93,859|(20,098)| |Increase(decrease)|in creditors||(54,7724)|73,623| |Net cash provided|by (used in), operating|activities|281,3402|460,335| ## |||2022|2021| |---|---|---|---| ||||f| |Cash in hand
Notice deposits|less than 3 months|476,455
451,474|657,697
701,085| |Total Cash and|cash equivalents|927,929|1,358,782|