DoGU61gn Envelope ID.. 8449114tk48ED4ADE4DSGE71EA39777EE Thc M4rÈa Montessori Training Org81)isatioii FiDan¢ial Slal¢meiits 31 Augusi 2024 THE MARIA MONTESSORI TRAINING ORGANISATION Company No. 697468 Charity No. 313087 Financial Statements For The Year Ended 3 1st August 2024
DocusbJn Envelope ID.. 6449114tH8ED4ADE4D5C&71EA39777EE The M9ria Monteswri Training Organi5ation Financial Sialements 31 August 2024 Contents &xecutives and Advisors Tru5t¢es' Report including Slrdtegic Report Stateiiieni of Direcloys. Responsibiliti¢s Report of the Aiidilors Stalci¢nl of fitsattcial actlvili&s 3-15 16 17-19 20 Balance sheet 21 Statement of CosEL Flows Notes ro the financial sialements 23-34
DocuskJn 10.. 8449114DJ8ED4AEE-8D5C7lEA39777EE llic Maria Mont¢S5ori Tiaining or&011)$8[1O1i Financial Statements 31 Augus12024 Direetors and Executive Committee Registered Office 6th Floor. Mr. R.A. Partridge (Chairman) {resigned 12th Noveniber 2024) Mrs. L.Webster (Company Secretary) (Irsigned 121h November 20?4 Mr. D. Mui'phy (Honoraiy Treasurer) (resigned 22nd June 2024) Mr B. Fac¢ini 9 Appold Street London. EC2A 2AP Principal Office M5 N. Forsytli 26 Lyndhiirst Gatdcn5 Hanipslead MS Sara Giwa-McN¢il Mrs. W.H. li)iies London. NW3 5NW Mrs. A. I,ak¢ (resipjied 22nd Jiine 2024) Mr8. C. Middleinas Mrs. F. Scott Mi. J.M. Slockdale (Honorftry Trehsureff) (gppoinied 22nd June 2024) Auditors Ms. C. Weston Moore Kliigstoti SI1111 LLP 6th Floor, 9 Appold Slreel London. EC2A 2AP Principal Solicitors Harrisnn Ctark Ricktrby8 5 Deansway, Worcester Worc4%lersliir4 WRI 2JG i*e Bollon Monler Williams l lli¢ Sanctuary. WestsninslLr London. SWIP 3Ir Bankers Lloyds B4nk 39 Tlveadn¢edl¢ Slr¢el, Londoi) EC2R 8AU
Docu$ Envèloptt ID., 8449114Lk48Etk4ADE-805C-E71EA39777EE llie Maria Montessori Tr#inin8 Orblgllisatioii Fin8neial Slalemtnts 31 August 2024 Trustees, Report The Ti'uslees have pleasure in presenti1 their rerI and f7¢181 stateinents for the year ended 3 IM August 2024 which have been prepad Lillder the hAstorical cost convention and in accordance will) appli¢able a¢¢ounling slaiidards and A¢coLintiiig aiid RepOrtIg by Charilies- Slalement of Re¢oinmended Practice applicable io ¢liarilies preparing their accounts in accordan¢e iviih Ihe Financial Reporting Stsnd&rd applicable in the UK and Republic of Ireland, Principal Activity The principal activity of the coiiipany conlinLTes to be lo proinote the applicalion of tho #uthcntic educational principlcy on which ihe melliod of teaching children geneially knowii as the Monlessori Method is based and in particular to train tearher& in thal method. th addition, the company runs exemplar schools (18 months- l6 years), in whi¢h stud¢nts ar¢ blc lo obscrv¢ AMI Moiilessori prui¢ip1¢5 aud stsudards it) prdclicr. The MMTO 15 one of the few AMI Irainiiig cenlres in Ihe ivorld that offer AMI trnining )d a niodel school where the philosopliy* concepts and techniques can be seen in praclice and which provid&s access to an archive for reseai'chers. StrAtegie Report The overall vision of the OrgRnisYtion is thdl it will k a focal poinl und source centre f(M' Montessori educ&tion in the UK through schools, Iratning. and pmrenlal and other fom)s of outreach 8nd will have a significant impact on the lives of ¢hildren. Ainjs and Objeetlves The Inission of fvtMTO IS-A world where Montessori educalion is empowering the next generation to be happier, Inor¢ rliifilled and better able lo make a p05ilive dilTerence to iheir familyi theii. comrniinity alld the planet." The key objective5 of the Organisalion are: To train adults to teach children using the moniessl apprh to education, in accordance with the standards of AMI I'O provide an authentic ii)odel of Moniessori ethicational pliilosophy in pr&Ice illustrating an oltemative approach lo educating cliildren To develop adults and l¢a¢h¢rs who are better prepared lo help ¢hildren and adults fulfil their potential, across all culiures and socic£on0miC Efollp5 To lielp lu develop adults whose knowledg¢ of th¢ nalural law5 of growth and d¢velopment enable cliildren to develop StaneOUslY and naturally witliin the t8Mily, sclK)ol And gociety To providc opportunilies wherever possible for adults lo ut)dersland how chIldn construct tli¢mselYes spont4neoiisly, $0 that adiilis live logether in haniiony and CO•operation with children azMI young people; thus creating tlie possibility of a more peaceful world To collaboJTt¢ iviih Ami in lh¢ d¢v¢lopmenl and delivery of innoYatiYe course offerings beyond teacher trnir¢ing Key Pcrformance Indicators The Organisatioii ¢onsider5 the Key Perforn]an¢¢ Indicators to be.. Maiiitaining the nutDber of Students on COr5e5 aDd the Elumber of cbildren in the 5chool- see Financial Revithy page 14 ofthis report. We are pleased willi the continuiug popularity of the courses and School Maintaining the quality of the courses to ensure that aurhentic Montessori is applied ¢onsistently and adhere5 to AMI s18ndards. The Insliiiile aims for the pass rale in lh¢ AMI Diploma Cour5¢ examin8113 lo be ol least 85Q/o. In 2024, students gradtialed with a 91% pa$5 rate (2023: 91Q/•) Main18ining the qiiality of the Montessori ediic8tim orrered in the School. This is diificult to measiire qu8nlitatively bui ¢an be evidenced by the numbers of chtldren transferrlng to the Elemenw Schwl and ihe success of the childi'en's school choices at ihe ag¢ of I l and 16.
Docusun Envelope ID.. 8449114N8ED4ADE-8DSC-E71EA39T17EE Tlie Maria Montessori TJ7ining Orgaiiis8ti011 l<inancial Slateii)ents 31 August 2024 Trustees, Report (Continued) Sustwinable Development Goals MMI endorses the Siistinable tkv¢lopment Goals. in particular Goal 4 which recoEnises ihe rights ot oll children ts) a quality edlication and the need for many niore lrniiied reachers lo help fulfil this right. Our goals al'e to advocate and proinoie thal right, aiid lo increase Ihe Iiltmber of teacliers aiid adiilts train¢d lo dcliY¢r child-cenlred Moi)lessori educatioii ai)d in particular lo expand ways of delivering ¢ducalion to those children adults who have the lead opporluiiities to a¢¢¢ss it. MMI does ihi5 not only Iliroiigh its Monte&sori leacther lrnining atMI school bul also lry its cowninitmcnt lu olrei'ing t¢a¢hing bursarie4 tlI11g and leaching exp¢rtise lo its hislorical partners in East Africa ind other developing countries. Of spe¢ifi¢ relevance is Target 4.7" .by 2030 ensure that all learners acquire the knoivledge aiid sktlls n¢¢ded lo pron)ole,.. .siislainabl¥ develupmenl, in¢luding. umong her5. I1)ugh education for sustaiiillble developmeiil and sustainable lif¢styl¢s, hkiman rightsi gender eqiiality, pmmoiif)n of a culiure of peace and non-violence, global cilizenship and appreciation of cultural diversity and of culiure's coniribulion 10 5UStainable deyelopmenl." The Monl¢ssorl progranime fmm O- 18 pmotes all of the above Ihroiigh ils particular methodology and practice$ aiid is known worldivid¢ as an approacli that cmbodies 'educalion f. peace,. TE iiilegraled syllabus of sludies combiiies knoivlcdgc of Ilic cwth's proccsscs aud Ihc inl¢rd¢p¢nd¢ncics of life for a Slbstainablo planct aiid ai80 uiid¢i'piiis Ihe UN Convenlion on the Riglils of the Child. Environrnental Su8tainabllity MMI actively en¢oLi1geS all staff. ¢hildren and studenls to recognise the nccd io protect our planei. Whilsl lunil¢d by some of our school ¢la5ses being locaied in Church halls and with di¢ Head office and largest school sile occupying a Vicloi'ian liyted building, we have ende¥voured to minimise vnergy by refui'bi5hing ihe windL)ws and di)01s, cominil lo gi'¢¢ii eneiEY ivherevey p055iblc and rccyclc all glas4 paper. cArdboard and plastic. All of the Moniessoi'i materials iii our school and trftining environmenis aTe Inade from nattiral maleriftls and we have a r¢pgir r8ih¢r thai) rep11$ ceiiieni policy. Oui. Upper Eleinenlary childr¢n have worked with 8 local Hainpstead coinmui)ily 0p lo monitoi. air qiiality and we encotirage all families (o ivalk lo school wherever possible. We lire eiigiixed Milrli ihe Buruiixji (Jf CaiiidLJli IV ('I'eul¥ 'greeiivr.Ilreel' Iijiili regurdi(J eAcoiirogliigfaiiiilie,Y in ivdlk in.fe101 uild iiul It) ILfe ilielr ¢ai'. ui i)Éuk liiiie.r. Our Adol¢sc¢nl Coinmiinity was e$lAblished wilh four children. Ihree of wlioin graduated froin Ihe 9-12 El¢iiiet)lary cllls5 ai)d one who was lioine-scliool¢d after att¢ndiiig rlie Cliildren's Howse. The iiumbcrs look $cl to doiible in Ilie next school year, necessilthtii)g some major adjuslm¢nls lo Lyndhurst Gardens iii order lo acconiii)odate Ilieim. 0r yoiii)g people researched, deslgned and beuian lo bliild Il)¢ir own s¢ction of Ihc LTarden and liave Iindertaken Iniiliipl¢ iLlions with regards creating more 5UStsinablc and green practi¢¢s in both their indnDr and exiernal environinenls. They have plai)ned Il)eir two week 'Ody55ey" to be und¢rtakcn ar Ilic b¢ginnin8 of the Autumn twin 11141 will ctall living an organic fariii in ol'der lo l¢arii niore about sustsiiiable agriculiurc. Our in-liouse catering t¢am buys locally sourced and S•al produce for school lunc11 and staff ore working with Ihe cliildren iii our scliool lo grow fn]it and vegetables for lui)ches.
Docuslgn gnvolopè ID.. 8449114D48ED4ADE-8D5fk71EA39777EE The Maria Momlessori Training OrgaT)isalion Financial stateincn 31 Aligust 2024 Obj¢¢tiv¢$ and a¢hi¢veD)cDts in the year and Future Plans To t'tsniliiue lo offer ilie 3- 6 Diploniu Loiirse lil bolhfiUl4ime avdpffrl-tlmtfurmats. andlv iiicreiiJe (Iccesb l(1 Ilie rftiige ofAMlcoiiries oJJered iii Ihe UK. Aehievements: Future Plans: Siudents gradu&led with the Foundation Degree in Montessori Pcdagogy (AMI 3-6). Sludcmts hawL access lo loan funding and s41ccessful 3tudent5 are able to gain aLltoiiiatic t ori a lop up year leading to fi BA (Hons) in fA Childliood and Montessori We will continue lo offer the 3-6 Courses in the existing forma We will run Diploma ¢ourses at 0-3 and &12 l¢vcls iu Jnodular fonnat We will offer Orientation Certificate courses at Ihe fv3, 3-6 and 6-12 and 12.18 levels Th¢ Maria Montessori Instilut¢ ran on¢ full- lime {Oii¢-year daytime), tsvo fLIII-lime {Two- year daytim¢) and Iwo part-IiTne (Tivo•ye eveniiig) 3ffj academic year courses during Ilie 2023124 academic y¢er For 8tudents wishing lo obtain the Association Monlessori Internationale Diploina. .8dentS gr8dualin8 in 2024 did so ivith a 91IlA pass rAIe. We will off¢r Orientation Cortificalc cour5e5, Moiiies50ri in tlie Hoiiie and tlie Pi)st Diploina Observatioii course online as well As in person We will offer financial assiglance to those siudents who ivould otheivise be unable lo off¢)rd lo attend the ¢ours¢s The fii'sl module of a O-3 Diploma course commei)ced in July 2024. We will aciively proine the foundation Degree in Monie5s0ri Pcdagogy (AMI 3A) and work willi the University of FA&t London lo ensure sludenls are from a range of so¢io- cconomic backgrounds A &12 ijlended Diploma Course ivlii¢h comn)enced in May 2023 in ai) innovative new formal has continued to lak'e place online and the first in person modiile look place during thè year. We will contiiiu¢ to offer Monleswri for Dementia and Ag¢ing workshops Tivo Orienialion Counes (¢Jnline) at Ille I3 and 3-6 levels, two at the 6-12 level (one online, one blended in Dublin), and one al tb¢ 12-18 level (online) look place during th¢ year. Th¢s¢ ¢QLif5e5 ar¢ aiined at porenLs. classroom as5islants aiid those s¢ek?ng basic knowledge of Montcssori. In total. 234 people atteiided AMI Orientation course5 &Thd the inaugural A&sistants Adjiincl (341 course during the acad¢mi¢ year 2023124 (421 in 2022f23) We will offer Professional Developinait courses, incliiding AMI Rcfresher coiirses 41 the ] and &12 Igve15 and offer our EtJ)olional Wellbeing in Children ¢wrse to parents ay ivell as teacher5. Moiitessori for Ageing and Dqnenlia workshops took place diIng Ihe year with 97 people allending. Tile aiiii of these wurses 15 to demonstrole how Montessori Principles can be applied by Ih(tse caring for elderly people wilh demenlia.
DocuskJn Envelop8 ID.. 8449114LH8ED4ADE-8DSC-E71EA39777EE Tlie Maria Montessori Tratning Organffis81ioii Finftncial Slalements 31 Augusl 2024 Trustees, Report (Continued) Objectives and Achievements in the year and Futhre Plans (continued) Develoii Ihe capaelty ofoiir Moiilwnri.fcho(Ils rfcnp&f the O-18 age level.T ofmolllessori Ediiealloii Fulur¢ Plans: Achi¢v¢ments: Tl)e niiniber of children attendiiig the Elemeniary cla55cs ul Hainpstead h&8 ¢oniinued lo increase. We ivill develop A knoivledge base in rel4iion lo the Monlcssori approach lo sGhuoling for the 12-18 age raiige. Tlie fiddilional FleillcAtory clas5 environment al our Hampsread sile is alre1Y full to Capacity. We intend to fmd ypacen>uilding tror a fiirther expansion of the Eleiii¢nlary ¢lasses and th¢ establishinent of the Adolegceiil Commuiiity al Ihe 12-16 age lev¢l. The Mmi S¢hool continued to siKcessfLIIIy SUPEM)rt 'diff¢renily bled, chik117 8¢rosg all sites The success of oiw Series ofiAlks aim¢d at parei)ts in previous years idenlifi¢d the need lo provid¢ in¢i'eas¢d infomation ro paiEn15 of childn in our s¢liool aiid also ii) the wider ¢oRiii?unily. Regul. ¢mail ¢oininuni¢alioi), a parent ewsletter and ihe expansion of informalion Available on Ilie website lias enhaiiced ilie disseininalion of informaliott. MMI parentsl infomialion sessions to ¢over all age groups hav¢ beell intrliduced. Wc will coiilinue ro increase Il)e niimbers of childreii ii) our Adolesceiii classes. Our buisai'y and assisted pltsces policy foi. the School will continue to enable tii)aii¢ial a$sislance io be given to H greaier niimbei. of fwnilie$ wlio iiiighr oihe¢vi$e noi be able lo bcnefji from a Montessoi'i educglion Our communicaiions sti'ategy will assisl iii ¢nsiirii)g tliat wc art coii)Inuiiicaling eleai'ly and eiigaging well with pareiils aiid carers We opened a 12-16 class in Sepl¢mb¢r 2023 at our Hainpslead premises. Th¢ org8nlsatTon will coniliiiie ro develop th Iicw w¢bsiie lo b¢llei' serve Ihc n¢¢ds of Il)e pureni$ al th¢ School, A dedic8l¢d SEN Teacher has b¢en appoihled Preniises wlilcli afford 88rden areas ivill be re- Itiod¢lled and iipgra(led to offcr ¢nhaiKe41 learning OpptunItIeS for children.
DDCU$(on Envebpe ID.. 8449114D48ED4ADE-8D5C-E71EA3g777EE The M8ri# Montsssori Training Org8llisacion Financial Sl8teinents 31 AugusT 2024 Trustees, Report (Continued) Objectives and achiev¢m¢nts in the year anol Future Plans (Continued) PriJmii/e Amljliinilurits. bypruviéliiig pr¢pfes&iuiiul ilcvelupmeiil opporliiiiiliesfor leucheny pgreiil supp¢irl iiiiliftlive,f aiicI.Ypeaker.¥ ttl iiileriiftlioiial coiiJereiicc% Acliievemellts: The Instiiule held information sesSlOiJS Il)roLigliout the year that were open to prospective Students ond th¢ general public. Sessions ivtii¢h lovk pla¢e b(Jih in person and online. 'fhe Scho(Fl h¥ld in-person open days for prosp11¥¢ parents. These Open Forums e.%plain the basic aspects of tbe Monlessori approach to education Fllre Plans: Continue io hold inf(malion sessions for prospective studeiits Hold parent evenings on relevdnl tOP1¢5 Invi1¢ parcnls to fvrther Montessori Jouriicy and Discovery days Hold R¢fh¢r ¢ours¢s and Professlonal D¢v¢lopmeiil Days A new short coiirse was piloted "Montessori and Learning Differences- a Neiirodevclopiiieiital Approh, and ivas attended by 6 peopl¢. Support staff itt iheir professional developmei)t Montessori in the Home courses w¢re offered foi, fre¢ oiiliiie at Ibe 0-3 3-6 Age ranges. 1111 people attend¢d. Continue lo roll out the MMI pareiilal infomialioii 3e3sions covering oll ng¢ giDups Implemenl a profession81 developnient tralning for those peopl¢ inl¢ir51¢d iii worki1)£ in some cHpnciry on Ihe Irouiing ¢out3cs. Rolcs will include album r¢adeis, leciurers and sup¢rvisors of the Practical sessions In-person Refresher Cour5e5 look place in Noveinb¢r at the 3-6 Bnd 6-12 leve15 and 103 people attended. The Observation Course wnlinued lo be offered oiiline in order lo siipport MMI grdduale teacliers in the field. It was Also attended ty other AMI Teacber Trainers Identify members of staff and others who Inay be eligible to apply fim. ilie AMI Training of Trainers Programm¢ Three slgf(n)embers continued ivith the AMI 3 6 training oftr8iners pgrlI?ne, I Inember of Sta continued wi(h Ihe AMI 0-3 Training of Trainers and 2 with the AMI &12 training of trainers progrdinme. One staff Inember is being supported by the organisalion in undertaking PhD in Educalii)nal N¢uroscAeftce Impl¢m¢nt an MMI Public Lecture Serk¢5 on topics of relevance to tod8y'8 Issues Talks iverv &Jiveii on the lalesl research, nderway at MMI. by LDui5e Livingston. to Ihe British Psychological Society and lo the EdPsych coiiferen¢¢ h¢ld by tli¢ Instllule of Education, The Training Centre was sUssfUllY inspected by Innovate Awardiiig in May 2024.
Docuslgn Env&lope ID.. 8449114EH8ED4ADE4DSC-E71EAry9777EE The Maria Monte&50ri Trninin¥ Orgwjisatioii Finan¢i&l SÉatenients 31 August 2024 Trustees, Report (Continued) Objeetives and g4chievemeDts in the year Vdnd Future PIADS (eontinued) To eslublisli aiid,fiipport addirfloiittl Irftliiliig coiirses lil plaw tsilier ilidii Londnii. A¢hiev¢ments: Future Plans: Talks were given online al eveiits in Chiiia, and in person in Chiiia, Mexico, Nixeria, Thail4tl USA and Th¢ Netherlands. Louise Livingston will continue lo work oil the rraiiiing courses in China and be the faciilty oordinator LoL115¢ Livingston is oiie of a cohort ofAMI Irain¢rs taking parl in a 'fa¢ulty' approach in, China and is the AMI China Faculty C ordinator. SinlTwill continue lo ivork 8$ exainin¢ hi AMI centrcs aroiind the ivorld Orienlalion Cours. Moiiiessori foi. D¢m¢i)lia and Ageinbv courses and Professional Developinenl ivorkshop5 will coiitinue to be offei'ed oiiline as well 4s its-person Clieiyl Feri'eira is providing p¢dagogical support lo the AMI Course in Sri Laiika and h offered tralniiig in The Lebanon and in Nigeria and visiied Fihiopi8 and Kenya. Cliei'yl FeTreiia will Coiilinue io provide peda808ical suppoil to the AMI Courses in Sri Lanka, Nigeria and Th¢ L¢banon and bllliopia and will deliver ihe Foundalion Coiirs¢ foi, the 6-12 course iii Taiizania. Adebimpe Pogoson Conlinued to offer a 34J Diplon18 Course in Nigeria. Tl)e online Observ&tioll Cowse ivas otTered in translation lo Lhinese students. Onliiie training has meant Ilial sliidenls from all over Ihe world have parlicipalcd in Ilie 'ienlation Coui'ses, Vikki Taylor is Ili¢ Director of 'l'rainiiig of tl second AMI Iiiternalional Diploin8 course iii Tanzania and also leclured on Ilie Diploma Cour5¢ in The Neilierland5. Poinsy Pirto is providing supporl lo the first 12 Diploiiia coiii%e to be offered in Tanzaiiia and is assistin8 on Ihe current 6-12 Blended Lcurning Diploiiia coursc Alongsid¢ Micli¢l Capobiai)co.
Doojslgn Envokjpè ID.. 8449114tk48ENADE.8D5C-E71EA39777EE The Maria Monles50ri TrainiT>g Orb¥ani5Alion Financial Slalements 31 August 2024 Trustees, Report (Continued) Objeclives and H¢hievcmenls in th¢ year and Future Plins (eontillued) Provide supporl lo aiid influeiiee iii AM Achievements: Future Plans: Lynne Lawrence is the E.xeculive Direclor of AMI and Cherry Worihin¥ion provided slrntegic finaiicial advice lo AMI up Iintil lier retirement at the end of May 2024. They hold Ihese posilions in addition to their work ai Ihe MKro To conlinue to support thc work of AMI Ihrough the provision of key p¢rsoniicl To collRb¢xate on tlie AMI Obseryation sofllvdre und workshop d¢si811 LOUI Livingston is the China FRcuIty C'oordinator and is 4 member of the AMI Global Re5¢arch Group and the AMI Irslemational Teacher Training Group To appoint a UK based Trainer forihe Monle48Dri DeineTtlia aT)d Agpein¥ pro¥i'amme To conlinue to support the AMI oiitr¢ach programmes in K¢nya al all Ilvee levels.. 0-3, 34 fviid 6-12 wid h1Opl& Siaff acted as ¢Xf4miners in China, Cze¢h Republic, FMice, Greece, The N¢iherlands and Tui)zfinia ds WCII u3 providiilg Iroining in China, Nigeria, Tunzania, Leburton, Sri Lanka and Eihiopia on behalf of AMI. Poinsy Pino has continued lo vnenlor the EleiDentwy classes in Kenya and Tanzwiia Siip]Joi* ilie 'lJelp ilié Chlldreit, Prép}ecl.v aiidofher tsiiireftch work A¢hievement5: Future Plans: Staff from Ilie MMTO have been inslrumentsl iii ilic e51ablishnienl of the Moi)lessori S¢l)ool in the IDP Camp in Kenya and in the eslablishmeni of a second school 25km away fi'oim Il)e Corner of Hope. And in supporling lh¢ profrssional dcvelopmcnl of l¢achcrs off¢rirtg Montessori schooling to th¢ nomadic Sarnburu trihes in Norihem Kenya and Ihe uiider resourced area of East Pokot. Continue to support the work al Il)e Corner of Hope schools in Kenya. cxlei)ding the Sainburu noinhdic work aiid applyfftg it lo EBslern Pokot MNa siaff to eontxnue lo participate on the Moniessori for Kenya Board lo develop excellent Montessori scliools and practice in Kenya as a m(Nlel for other countri¢s in Africo Work willi not for profit organisations to explor¢ opportiinilies for Uie applicatioii of Montessori principles outside tl)e classrooin. Thvo staff members ar¢ on the Board of the i)ol-for-profit NGO Monlc550ri for Kcnya We Iiave convened a ivorkillg group to write the ¢ourse for fosier ¢arers and parei1ts and are tn tlie early Stragcs of wriling content in collaboration with another UK Chariiuble oundaiion Work iyiili the Aril)ur Wayei. Foundaiion on tho inl¢rnalional AMI Diplomu Coiir5e in TanLaiiia and on building InfractUIy lo support national and government cours¢s in East Afri¢a To gain expertise in delivering the AMI CommUlty Rooted Educatioii prograiTtTne CORE. To d¢velop a parent information programme aiined al par¢Dts both wiihin and Olitside of oui. sch]S
Dts¢uitgn Envdop8 ID: 8449114D48ED4AOE4DSC-E71EA39777EE The Maria Montessori Tiiining Orga]iisatioii Financial Stolenients 31 August 2024 Trustees, Report (Continued) ObjeLtives and achievements in the year and Future Plans (continued) DeJ7iie aiid eJJecl slriictural chaiige wllhlii MMI io suppori ilie scope ofils acfivtsy Achievements: Future Plans: We have taken not¢ of ihe Charity Commissioi? giiidance in relalion to the Government Code issu¢d in D¢¢¢mber 2020 on Equallty. Dlversity 8nd In¢liision. These Teas are inLegral to the cih05 ofall ofour aclivitie5 We will continue to ensure thai oiir committncnt lo the areas ofEquality, Diversity and Inclusion continiies to inform our strffttegic planning. We will 511PPOrt trainers in training as new ¢oiirses can only be run by Ihose l)oldii)g the AMI Traiiiers Certific&l¢ (4 years siudy), Iindei. tIi¢ P5¢1 AMI I'¢gulati0115. We will conlinii¢ 10 identify potential train¢rs at botli o- 3 and 12 leve15 for the UK as w¢ll a5 addiiioi)al le¢lurYr¥ 81 lh¢ 3-6 Icv¥l Made best iise of the charity's premises by nii]ning coiirses, Iv0sop5 and tncctiiigy ¢onciirrenily. by using Ihe school buildin88 diiring holiday periods for Ilie d¢livery of Diploma ¢our8es anil by holdiilg online Jnd blended learning ¢ourses Wc ivill coiilii)ue lo evolve U)e Inaiiageni¢iil struclure to suppon the expanding activitles of the Oi'gnnisatioii. We will also conliiiue to develop our plan lo publicise the woi'k ot. tlie Training Cenlre lo polential $iudeAis in the UK arid EU And ivill seek w&ys 10 .8li&re oui. knoiyledge with the UK Montessori community The Early Years Educator Qualification aivarded by liiiiovate Awarding ha5 bKn Successfully in¢orpornted into the AMI and 3-6 Diplomas to allow Montessori Diplon)a holders lo be counied in class ralios. A re¢eiil inspection by Innovale AwAI'ding resulted in a glowing report. 1lic School Manag¢menl Team lias been expai)ded lo iiiclude d¢dicated Special Educational Needs Teachers gt 3-6 and 6-16 levels tfnd an OperntlOn5 manager. We will Impl1)ent lechnologi¢al solulioi)s lo enable courses lo be otTered ii) a vai'iely of forniats We will investigate ihe p0s5ibiliiy of Ilie AMI Diploina bOInIng part of a Maslei's Level qiialificalion Th¢ preiiiises al Lyndhurst Gardens hRve been furth¢r re¢onfi¥ured and re[bIshed lo alloiy for the eslablishm¢Dt of the 12-16 ad01¢nI oininunity. W¢ will investigat¢ th¢ possibility of having Ilie 3-6 Diploma Course iiidependently re¢o8nized as a UK Level 5 Diploina. A new website is being created io bett¢r represeiit the work of Ilie whole Organisation and provide a more integrated experience for the uger. To Loiilittue lu (Igvelop ihe MunleJJ(•ri archiiie so lo make il available fo sliidLints', re&eorchers iiiiil liileresleilp(ulle.v Achievements: Future Plans: During th¢ year, further documents related to die history of th¢ school and the Training Centre have been Cleatd And catalogued Continu¢ to provide infomalion to AMI and to researcher5 and r¢house the ArchTve ar rlie Training Centre Relevttttt texts were senl to AMI for publication and dissemination Continue the work on the visiial )d audio archive5 10
DocusvJn Envelope ID.. B449114N8ED4AOE4D5ek71FA39777EE The Maria Monlesyori Trainiiig Organisalion Financial SthiemeAIS 31 August 2024 Trustees, Report (Continued) Structure, Governance & Management The Charity is eonstitiited as a conipany limited by guoranlee re8iStered ift England and Wales. The charity's governing docum¢nt is its Memorandum and Articles of As&id110n which were lasl revised in March 2022. The chw'ity consists of orxonisation which train5 individuals in ihe M(Trnles50ri Metl)od of education based in Riding Hoiise Sireel. Central London and Hampstead and an exemplar school situad on-sile in Hampstead and off-siie in Notting Hill, Bayswater, Hornsey Rise and Abbey Road. Wesl Hampslead. The Ir8inii)g organisalion operates as th¢ ' Maria Moiile&sori InstitLIte' and the 9chool Rs the 'Mqria Montessori School., No fuftdrnising a¢tivitie5 were undertaken by the ¢hArity dui'ing th¢ year, and no ¢omplaints iY¢re reported to th¢ d)arity commi55ion for the CUent financial year. RecJ'iiilDienl ondAppoinlnieni ofihe Bnard Directors ivho served during the yearare listed on page 2 of Ihis report. Dircctors ar¢ appointed. Ivhen q vacaJ)¢y arises, in accordanc¢ with oiir by-laws. Directors will either hav¢ eXrienCe of Montessori edu¢aiion or will provid¢ expertise rhal ivill coniribiite lo lh¢ goVernl¢e of the charity. R¢cNilinenl may be made tlir¢xigh organisatiQll5 specializing in the search for tTh$lees or Ihwoiigh dircLI conta¢1 mad¢ through aiid by the organisation. Each ciwiint Tnistee (Director) is appointed for a lern) of three years and may be trappointed for w) Iiidefinite i)umr of lei'ms, therefore ¢a¢li y¢ar a third of the Trustees are up for reappointm1. Newly appointed Directors cali ry¢ for a term ofihree yeurs aiid may only be reappoinled lor a further hyo ¢onseculive lernis of offi¢¢ uuless special circumstances need to be eoii3idei'ed. Th¢ ii)du¢tion proee5s for n¢w directo enables ihem io kcom¢ fRmilinr with the hislory and ongoirtg aclivili¢s of the oi¥ani8alion ihrough a s¢ries of meeiings, visits lo Ihe organi$alion lo obse¢ its aclivilies and publicity and infornialional malei'ial. Directors receive relevant training such as Safegiiarding, Saf¢r Rectwitmenl, Health & Safety as wuire¢ aiid also aLlend Monlessori Coiir5es held ai (he InllUte ilirouglioul th¢iY p¢ri(MJ of Service. The Board mee15 a minimum of Ihree time$ per year and decides Up broad policy based on the strategic dire¢tion Pl'Dposed by Ihe Sieering Comiiiittee. ,Sieerliig Coiiiiiillfee The charity is stralegically and financially dirccted by t]ie Steering Comniiftee. The slecring commillee meets approximately three limes per lerni lo ensure the smooth running of the Orggnisation. Committee meillbers aro currently draiyn from the Board and include the Ex¢¢uliv¢ Director and the Bwsar'.- Ms. S (Tiiva- M¢Neil Mi's. W l)mes Mr8. 1. I,awrence Mrs. C Middleinas Mr. R PÉirtridLF¢ Mr J. Slockdale Mr S Lemonides Mrs, C WorihinEtoi) Director (Safer Recruilment from June 2024) Director (Ilealth & Safety) F,¥¢CLrtive Director Director (Safeguarding) Chair of the Bourd (left Noveinber 2024) Board Treasurer (Joined November 2024) Bursar lioin¢d April 2024) Bursar (left May 2024) Tli¢ Executive Director has overall responsibility and power of decision m&kll)g for the day io day runDirÈg of the Orgaiiisation (adminislrative. d8&ogical a1 fncIal) and rEPOTts to tbe SrIng Committee. Leadership Tell1 Tlic v&rious braMch¢s of the charity are ruri on u day to day basis by the Scnioi. Management Team aiid relevant $iakehold¢rs in the Organisation. Meetings thke place as nec¢ssary io en$uTe the smooth running of all aspects of the Organisation. Thc participants ar¢ drawn from ilie senior Trailliug, School and Adminislralivc Staff. H¢ulih ¢mdSoJity• Coniiiiittee This committee meeis three liin¢s peryear. Meinbership is thken frojn the Directors, lea¢hin& administrdlive and auxiliary staff. l.lealth and Sahty consultants to the MMTO or relevant exp¢rtS IEJ tlit ficld are consulied as Necessary.
Docusb3n Enveh)p8 ID.. 8449114D48ED4At)E4D5CEIIEA39777EE The Maria Moniessori Triii)ii)g Orgiani5atioii Finan¢ial Slateinents 31 August 2024 Trustees, Report (Continlled) RiskAsseJtrinenl The BO of Directors of the Organksation undertakes an amual risk assessmenl wli¢r¢ m4jor risks th tl)e Orb¥anisalion are idei)tified aiid systems and procedures lo olleviate Iliein are reviewed. In7pairi?i¥i?i Revieiv 'rhe Board of Dir¢¢tor8 of the Organisation undertakes an annual iinp8imient revieiv of its building at Lyndliursi Gai'dens laking i¢)tO COAsideration Ille capital and refurbishc11I work-s undertaken to dale aiid ihe valuation of similar propei'lies, Th¢y l)av¢ concludcd Ihttl Ihc valuation rctkxtcd in thcsc financial 3latcmcni$ to bc a fair Tcflrxiloii uf IhL valuo of Ilic propeity. PubliL Beiielil In Ili¢ furth¢ran¢e of the Objects, the Direclors. as the charity Irusiees, have complied with the duty in $.17 of ihe Charities Act 201110 have due rv¥ard to Ibe Charily Corllmi5sion's piiblished gellerdl and relevant SilSeCtOr lidance ¢on¢erning the opcralion of the piiblic benefit ]Kinen1 Lder that Act Biiisarles Siipport in tli¢ form of biirsaries is dvail8ble for tliose wisl)ing to attciid di¢ whool or 117iJiing courso bill wlio otEiei'wis¢ re unabl¢ to pay the f¢¢s or for those current pupils and children where a ¢lMug¢ in fan¢101 Gircut]istaiices woiild Compl.niSe Ili¢ir abllily lo r¢m8in ai the school oy conliniie with (heir sludies. Those wishing lo be ClS1dered for financial support are required lo Su1¢ iheir appliclllion, accompanied by lh¢ r¢l¢vant fanCial info¥mation for consideraiion by Ihe Siwing Committee. The amount of as5islance granled is subject to th¢ abilily lo pay full fee8 and the amount of bur88ry funds ¥v8ilable. Bur8Ary awardq f(Jr schix)I fees are I'eviewed Mnnually, Kw, Miinii¥¥iii¥nl P*i',fonllel rLpniiin¢r<ili()n The Boai'd of Diitclors consider Ihe Bxeculive Director and the Bursar &8 comprising the key manageinenl persoiinel of the OIEanisalion in charge of dir¢oling and coi)trollin8 Ihe charity and njnning and opei'aliiig the Ojganisalioii on a day 10 day basis. Reiiiunei'alion Policy The Qrganisalion operales banded salary ranges for all 3t8lT including 5¢nior slalT. T1ie bandq are reviewed aniiually and compared with oiher similar organisaiions and indicators such as inflati¢)n rates are considered in ¢onjunciion wilh il)e finaiicial re50uices of Ilie cliarity. Co-operation with other organisations Assnciollon MoitleJsori lnier1/101{0Ie Th¢ Or8aiiisalion conliiiues to co-operate willi ilie Association Moiilessori Inicrnational¢ ivli()se courses tliey Nn. This Associaiion, foiinded by Dr. MaTla Monle550ri in 1929, was crellled to upliold, propagate and fiEnlier Ihe pedagogical prin¢iples and practice forniiilaid by Dr. m14 MIMilessori for the fiill development of Il)c liuinan beii)g. Additional suppurl for AMI w8s given lo AMI iii the foni) of personnel. Mrs. Lawreiice is Exe¢utivc Director ol- AMI aiid Mis Worihinglon is Chief Financial Advisor to AMI (until her retirement from MMI in April 2024) and th¢y liold Ihes¢ positioi)g in addition lo Ilieir iioniial raiige of duiics carried out for (lie MMTO. Staff mEnibers moy be voliinlary meinbei's of AMI globnl comiiiittee$. The Mariu Munlessuri Truinin¥ org#nisali} runs LUUrs (hal lead Iv an A&%oLi#lion Molll&¥¥ori Iniernalionale Diplvm and musl adh¢r¢ lo lh¢ standard3 for quality l&id down by ihe AMI. Mon/gsJori Soci#l)IAMI UK The Society is an open nieinbership autonomous body wod(ii)g in adh¢r¢iice lo AMI'S aim5 ai)d objectives. It is staffed ¢8senlially by volunteers. It provides its membership with publicaiioll5, seniijiars and confei'eiices dissei))inatiiig aiid furiherii)8 knowledge of Moiilessori education and principles and ihe MMTO 5upporrs U)is society in its work. Moiilesliol'i Ediicalion UK This organisation was cwat¢d to provide a unified voice for Moniessori within tbe UK Hnd has also e5thblished a quality a53LiraiiG¢ 5¢h¢me for Motitessori schools across th¢ country which provides mentorship for scl)001s aiid helps par¢nls identify school$ with good Montessori practice. Th¢ MMTO is 8 foundirtg member of this Organi581ioll. 12
Docu6 Envèlope ID.. 8449114D48ED4ADE-805C-E7fEA39777EE The Maril Montessori Training Organisfition IinanCial Staletnents 31 August 2024 Trllstees, Report (Continued) Diugraijia The Instittite is working with the Diggrama Foundation to deliver ihe Montessori for Dementia and Ageing workshops and is in th¢ earty stages of developing a coiirse for foster carers and parents. Risk assessment The key risks to the OrgAnisation have been identified and appropriate controls and proces5¢5 h3v¢ been put in place to AddSS these. The key risks, in no particular order. currently facing the Organisation hr¢ ¢onsidered lo be.. Key Rlsk Operational risk Potentl#l Imp•¢t on ObjectiY¢s PandemiL COVI[19), enforced school closure., ompuler failiire: deslruclion of property. frnud resuliin¥ in riiian¢ial loss; data loss. dat28c to reputtstioii. Rlsk RespDnie Lonting¢ncy plfin5 for delivery of edu¢alion remotely. data b8ckup proc¢dur¢s and precaiitions; disist¢r recovery plan. re¢ruiln)ent of suiiably qiialified stsff: DBS clearaiice for 411 students and sluff,. appropi'i8t¢ policies and staff irniJ]ingb Stair wellbeing resources available. in3urnnce in¢luding cybth. InSunce, financial controls in place. monitorin8 of budgets and (an(la1 rcsulis. 8trnlcgic pla115 reviewed Annually; moniloring of budgets and financial results; regular Si¢¢ring Coinmiltec iiieclings. clear under51artdiiig of role8 81)d rL8rrfbnsibilitie5- robust recruilnient process. docunienlatioi) of systems and procedure5; In8rk#ting plan in place and llloniloring of coinpetiliott. Key legal and regulatory rwul1]i¢IlI8 ideiitified and proposed cliunges Inonilored. Inembei'sliip of uinbrella bodies eLI ME(UK). ISBA; Hcalili & Safety r¢views' rtre safety reviews. delegated slaff responsible for regulatury 4refis' nioiiitoring of changes to VIS8 requirements and other lli(ern81ional sludeiit issues, introdu¢lion of Universily sponsor¢d Foundation Degree, remole learnin lai Goveriillii¢e and IngnaEein¢nl struciure ond skills insiifficienl lo meet Ihe Orgmnislllion's objcctiVC5, rinaiicial resources insutTi¢ienl to meet the Orgdnisdtion's needs Lftck of clcur plans and priorilies. poor valu¢ for IMon¢y: poor service dclivery. tsncertaiiity on staff and board roles and respoiisibilities; loss of key slaffr, LTpetItivn from oiher Montessori troining centr¢$ and s¢hoo]s Regul8tOryi poliiical and legal vli#nges, coii)PLi150ry c105ur¢ of s¢l)ool hi)dlor college, po&qibl¢ cliinges lo ehai'ity'5 Inandalory buyiTIL88 r8frs r¢lief, VA T 118ng¢s. L¥k of wmpliance with gov¢rnmcTit regulalions and auihorilies, including Ohied. Educaiional Oversiglir; YiLhdrAival ofcollegc.slalus- withdraiyal of higlily trusted sponsor status by the UKVI, Ioss of sttidents from Europc. risk io seryice delivery, 105$ of sttjdenls andlor school childreii. G051 of living crisis and iiicrew on fee5 r¢laling to VAT requirements 13
DocusvJn Envelop8 ID.. 8449114D48ED4ADE-805C-E71EA39777EE Tlie Maria Montessori Training 0rgaiiistiOI] Financial Stsl¢nieiits 31 Augusi 2024 Trustees, Report (Continued) Financial Review Performanee in the Period Re.%iili.$for Ilieyear Incoin¢ de¢r¢as¢d by £413.025 10 £3,983.441 primarily as A result of nol receiying any disburs¢menLg froill the Chrtritiey Coininission dui'ing th¢ year, compared to the previous year, wl)ere £510.000 was aivarded. Expendittitr increased by £369,869 10 £4,087.530 r¢fle¢ling the increases in s&larics 4nd mainLeiiaiice costs, witli Ihe refui'bishinent of the second and third lloors in ihe lisled building At Lyndhursi Cjhrdens to r¢locaie offices to creat¢ addiliottal ¢lassrooms space for lh¢ growing Adolescent Community which commeneed in September 2023. The resiilt of tl)e thknve is a deficit of £104.089 compared wilh the previous year's surpl1 of £678,805 and is sigiiificanlly below budgeted Surplus due lo inCr¢d ¢ost preir¢S siaffing and lower student i)iJtnbers. Overall nel assets of tl)e charitable company as at 3111 August 2024 are £8,729.4CKI (2023: £¥,813,489). Tl)e coinpany's assets are adequate lo fulfil Ihe imn)¢diate obligali¢Ms of the charity. Five year summary for the yeai. ¢nded 3Jst A•gust Income Ex £ thou$aJbd Ddlture Ae¢ouDt 2024 2023 2022 2021 2020 Incomin ? ResoLirces Resolirces Ex nded 4.397 4,087 3.151 Nel Income/ ndilre 679 165 234 90 B¥l¥nce Slieet F,xlr8cI £ thousfind 2024 2023 2022 2021 2D20 Fixed As$els CurrL'nl A%yel.I less Liabilttie5 riinds- Restricted Fund8- UThrestricted 165 410 277 193 95 8.723 8,829 8,153 7.9R5 7,754 Numbers OI students and chlldren 2024 2023 2022 2021 2020 Siudenls 3-6 Coiir5e Sdeli{S 0-3 Course Siudents 6-12 Course A5sisl&nlslOrientation Coiirses oihcr Courses aiid Workslio School cliildr¢n 47 17 35 206 427 204 79 15 40 254 96 63 31 22 238 356 187 19 22 343 476 772 187 210 14
Docuslgn Envelope ID: 8449114tk48ED4ACE-805C*71EA39777EE The Maria Montessori Tiaining 0rgani5ation Financial Statements 31 August 2024 Trustees, Report {Continued) Biirsarles to support elilldren and teacher tr8inec5 Over Ihv course of ihe yew 21 children IKnefJiied (rom assisted fees 8nd an additional 5 children ben¢fitted fn)m full fee relief,. in total £302.809 (2023: £321,672) of assistance wa5 given. A totsl of13•/0 (2023: 161/10) of the children T¢¢eived help. Fiill bursai'les were gwarded to 14 sdentS on the Posi Diploma Course. 13 students on Diploma courses and So oil Assfrslants courses ben¢filled from assisted Fees. A total of 140/0 (2023.. 160/o} of students weT¢ given hclp. A number of free and assisted plA¢¢s w¢re given to stafFand other attendees of workshops events. Flxed Aysels The mov¢incnts in fixed a¢t$ ar¢ shown the notes to ihe financial siat¢m¢nts. Frechold Land 8nd Bulldings Tlie coiiipw)y owns Ilie rlI01d premis known 26 Lyiiaiursl Gardeiis. Rtserves Polley Tlie total level of funds as al 31° Aiigust 2024 were £A,729,400 (2023: £8,833,489) of ivhich £6,516 (2023.. £5,089) relttied lo i'eslricled nds. £7,867,924 (2023.. £7.867,J72) was invesied in Freeliold pY)perty. The balattce of £854,960 I'epitsenls the free re9erves The long-terim Bim of the OrgAni581ion is lo build up its fre¢ resetves to a level ivhich equates to 3 months of unrestricted exp¢iidilui'¢ (£980,000). Tlie 0r8011isalion also needs to accumulale further funds lo Ineel ils building commitment.s laling lo the everyday r¢pairs. renewals and r¢furbishm¢nl cosls. The Organisation plans to build up reserves by allracling more students ond Children to the Insliliile and School. The reserves poli¢y will be reviewed by th¢ directors on an annual basis. 15
Docusign Envelope ID.. 844g114f8ED4ADE4E7lEA39777E£ Th¢ Maria Monles50ri Trainii)g Oi'gaiiisatioi) Finuncial Staleiilents 31 August 2024 Statement of Directors Responsibilities Th¢ Directots (who are also trustees of The Maria Monte&sori Trdining Organisation for tlie purposes of charity law) are responsible for preparing the Tr1151ees' report and the fmancial stslemeiits iii accordajice with applicable luw Ui)il¢d Kingdom AccLwnling Standards (Uniled Kingdom Generally Acc¢p*d Accounting Prncli¢e.) Coinpllny law requires the Directors lo prepare financial ststeinenls for each finaiicial year which give a true and fair vi¢w of th¢ state of the affait5 of the ¢haritable coll)pY and of thc ii)COi11iiig resources and applicatioi) of resoiii'ces. incliidiiig Ihe incoin¢ wid expendiiure. ot'ihe charily for i11 period. In prepariiig Il)ese fmoiiciAI 5tateineiits, the Ineniber5 are requii'ed to.. Select suitable accoiinting polici¢s and then apply them consi51cnily: Observe the methods and principles in ihe Cliariii¢s SORP- Make jLidgments aiid eslimales tliat ar¢ r¢asonable and prudeiit: Slate wlleiher applicable UK Accounting Siundards have been folloive& subj¢¢i to any IMal¢rial d¢partiires dlsclosed and explained in the fiiiancial slalcments; Prepare the financial statements om lh¢ going conceni b15 unless it is inappiDpiiale to pirsunie ihat Ili¢ charitable company will contiiiue in busi118. Tlie direclor5 &re re5poiisible for keeping ptoper accounlinbj records il)ai dis¢lose %vitli itftsuiiable fteLUfaCy al aiiy lime Ilie financial posilioii of Ilie chariiable coii)pdiiy and eiiable (hem lo en5uir Il)al Il)e finan¢ial slolcm¢Jils coii)ply with tlie Coiiipaiiies Ae(2006. They ar¢ also iesp0115ible for saf¢briiardin8 ihe assets of 11)e cliAritable compaiiy aiid liei)ce for IRkin8 reHSDnable steps for ihe prevention 8nd detection offrnud ttT)d other irregularili¢s. In go far ag the directors are aivare.. Thei'e Is no releyanl aiidil infomigtion of which the charliable company's audiiof is utMwaiE; and The dii'ecior5 have taLei) all steps IhAI ihey oubyhr lo have laken to Inake ihemselvcs nivare ofony wlevani aiidil infoni)alion and lo establish Ilial the audiior is aware of i1 infoniialion. Mooie Kingston Sniiih LLP have indic&ted their williiiw)e95 10 conlii)u¢ iii office aiid in accordance iyith the provisioiis ot Ilie Coi)Ipinies Acl li is proposed Iliai they be rethappoinled audiiors for Ihe ¢nsuing yegr. B), Ord¢r of Ilie Board n•d W. 2/5/2025 Mi's C. We51on Director 16
Docu8ign Envelope ID.. 8449114D48EtHADE4D5C-E71EA39777EE The Maria Montessori Training Org8nisa¢ioii Financial Statements 31 August 2024 INDEPENDENT AUDITOR'S REPORT TO THZ MEMBERS OF THE MARIA MONTESSORI TRAIP41NG ORGAf415>ATION Oplniun Wehave audilLd ihe llnkncial stutem¢ntsof Themaria MontcwrlTralnlng OrgaDi591ion I'tlTre co]np&n) ) forthe)'e8T end¢d 31 Augv5t 2U24 11,hi¢li compris¢ the Slalemeni of l.'inancial ActiVilie5. Ihc Ilalance SheeL the La8h I..1v Siatetnenl and noles 10 the liTrancial sl#tLmLnl%. incliiiling siKnifiLllnt ttLLounling pol11. Th. findnLial fLtM)rling [ramLyOrk thdi ha5 bLYn ¥ppli¥d in thLir prLparatii)n ig ppIiL41bl¢ lW and Uniled Kin8dom AcenutLiiDg 8thdd, incluling FRS 102 'Tiie Fi113nciwl RertIng 8tsnd8rd Applicabl¢ in tli¢ UK oiid Republic of Ireland, IUnil¢d Kingdom Generally Aecepied AccouDting PraLlic¢). ljh oiir opinion the flttancial stal¢m¢iits: give a truc and fair vi¢iv of th¢ state of Ihe Chariiablc ¢ompfjt)y's alrai as 31 Aiigusl 2024 nnd of its incoming resources id UpplilUn iniluding its inLu¢nL Lind LKPLtHlilur¢. r(w lh¥ yLu¥ Ib¥ Lnded.. hovc b¢en properly prepamt in accvrdnnce ii'iih United Kin8doni Crtll¢r¥lly Aecepled Accounliii8 Pradic¢' und have been prepored in Ieeordwe ivith the ftqulrements of the Cornpani¢s Act 20(. Bfi3ls for opliilon We condu¢l¢d our audil in ic¢oidanc¢ iyiih Intemolional sndards on Auditing (UKI (ISAS (UK)) and applilablc Inw. Our r¢5pDnsibilitie5 und¢r those slandards Jr¢ lurthci d¢scribed in th¢ Audiior's Responsibilitl¢s for Ihe audit of th¢ fjiianclal stateiiientS S¢¢lion tht. oiir report. W¢ are independent of Ihe charitable coniplthy in accordance il'ith Ihe ethical requirements that are relevon( lo (Air (Trf thL finan¢iul st•t(¥n¥nts' irh Ih¥ UK, incliidinlp lh¥ FRC'S r.Ihical StAnd#nl, IVL hvl Iliifillui uiir uihLr LthiLwl r¢%pvn%ibiliilei in ac¢ailaJi¢e i¥iih the8e requiremenls. W¢ heli¢ve ll1 the oudii ¢vid¢n¢t iv¢ ljov¢ obittin¢d is sU1¢ient and appropi'iÈile lo pmvide a basis for oui opiniorL Coii¢luslon$ reltJthg to golng toneern In uuditingtli¢ fiiinnriul sthtemeiit4 ive hovc ¢on¢luded thletill81¢cs, use of ti)ego1ngcJC¢ffl basis ofuc¢ountliig Iiiili¢ pirpllration ot thr linaiicipl Sta1ClS is DPPTOPrinte. Bastd oil Ili¢ iyork iY¢ have perforned, Ive hav¢ nol idenlified any malerial uncerlainties relatliig to cvuits or CondionS thal, iiidivldurylly or ¢oll¥¥lively, rn8y ¢Jsl signifiiani doL¢bi on Uie ¢liariiahle company'8 abilily io c4Mtinue rLS a g()ing concem for a perlnd ofr oi Icus¢ NY¢lvt nionths from wlieii Il)e fiii&n¢ial stthlemenls are auihorised for i¢. Our r¢5ponsibililies und Ihe rwM)n5ibilitieg of the tN.#ecs iviih respeet to going eonce¥n ve dexerlbed In the rele1t0t 9ectlons of diis rcwrl. OlhY Inforin•tLOII I'he oil)cr ii)forn)tLlion comprises thc inform8ti1 In¢lud¢d In thc annual rcporL othcr Ih•n ihc finpncial slalcincnis Y4nd our oudltor's rLport Ihereon. The Iru%l¢ei ure for Ih¢ other iiifonDalioll conlalined ivithlli thL annual rept)Tl. Our opinion on IIIL fJllaJiLi&I $tatenienls docs rtol cover tlic oihei. informatitin except lo Ihe extent llervIe explicilly slated iii our repoil. li'e do Iiot exi)r¢85 gny forin vl'a&surdnce con¢lu5ion Iher¢on. rL'%piinsihility is tn rcad the other infuTrnalit)n and. in dning 8(). Ll)nidLY ivhL.thcr Ihe t711ier inforniation 18 m4l¢riJlly in¢rm81Stent ii'iili the fiiiancial Slatenients or our knowled8e obt8ined in the COUTS¢ of ihe Budil or o¢heTwise appeaTS to be maiuially Iniss141ed. If Idei)tifj, such niat¢rial in¢onsisl¢n¢ics or app&r¢nl matcrial missta¢01& we are requiied to detenmine wheili¢r ther¢ is a mt)t¥riol mis4t&iement IK Ilic financial slalcments Ihemselv&s. If. hased (Mi ihe ivork ive have lfOr$i7ed, we coiiclude that there Is o molerial niissiatemcnl ot. Ihis other itifom)iion. Ive requi1 to report ih8t tact. Wt have nothing lo report in this fegard. OplrJ5ons OD olhor m*tterg plrrIb¢d by the CompaleS Att 2006 n aui. ¢wiiiion, bH3¢d Ihe Work unthnaken iii Ihe L'ourse ofihe Judii- 11)c inlurinyll(In givLll in thL Iru%¢¥L¥' ¥Ttnual r4yort for th¥ financial yiw for whiLh the fiiiancial sthlcmLiil% arc ppared is ¢ottsisIEnt wtsli the filcial slatemellts: and Ihg IruyLe¥s' pled atiord#n¢¢ iviili uppliLable legal r¢iEuiKmenls. fAftei'5 on wlileh we are req¥ir¢d ¢0 report by ex¢¢ptlon ID ihL lighf of thL knoivlcdgc aNI Und¢rar¥I1ng ofih¢ ix)mpany omd its CnVirn1I ubtsi5b¥d in i]K' wurx. of ihG audit, havc not Id¢rttified JllaterÉal misstatetneiits in die tnLslees' wujual yerL 17
Docusbj EnvBIop8 FD.. 8449114D4fjED4ADE-8D5C-E71EA39777EE
11)e Maria MoiilessoTi Training Organishtion
inlliicial Statenienls
J l August 2024
We have nothiiig to rcpDrt in respect of the folloiving Inullers wher¥ th¢ compani 2006 r¢qulr¢5 Ils to r¢port to you Ir. in our
opiiiioii:
ad¢qual¢ accoulllin8 r¢cords have been kepL or reiums ade4e for ouraudit liav¢ not teA recesved fr4)m brancljes not
visit¢d by us., or
Ihc fiaianctal siaiemenls are Iioi iii agfe¢ineni ivith th¢ 4011151EnS r
Docusign Envelope ID.. 8449114D48ED4ADE-8D5C-E71EA39777EE
The MarÈa Monteksori Training Organtsatioi)
Financial Slalemeiits
31 August 2024
$usp¢cl¢d tinud id¢Jilifi¥d during ihe audit. However, tlie priinttry snsEb11jry for the pr¢veniion and detttlion of fimud r¢5ts ivith
both manag¢in¢nl and thos¢ charg¢d with governance of thE charitable company.
Our Dppn)aL,h ns folloivs:
WL, ublikitjtrd at) u]Mierslor¥ling fjf the l¢gal atxt r¢gul4tDry requiT¢ni¢Dts applicoblc ro thi charirable CnpallY Lojisidei'cd
Ihlll Ili¢ Mosl significanl llre the Coinpanies Ad the Chariu¢s Ail 2011, thc chilY SORP, UK rjiiaiicial rq)orting
st8ndArds as iSSULd hi, the FirkLL1 Reporting CntIl
We abtsilned an underSthtjTrg of hth¥ ihe ¢hAritable company eomplies these requirements b), diseussii)IL% iyiih
management and those charged ivilh govemonce.
We asscssed the risk of material mhsslaiem¢Thl of the linwncÈwl Motun¢nls. Including th¢ ri%k oÉ'mat¢rlal misstotcm¢nt du¢ to
fraud and hoiv il ml8hi o¢¢ur. by holdiiw di1$s1O3 wilh m08¢M¢nI 8nd th0 Charg iyiili goY¢rnancc.
W¢ iiiq41ir¢d of monag¢m¢nl Jnd tl¥ox ¢hors¢d with gov¢rnan¢e a5 to any Knoiyn Instanc of iionvcomplian¢e or su8pected
n(>n•compli8ncc iyiih l$iv¥ ¥NI
BA(1 Dn ihls underslaiiding. lie desiBned specific appmpriaie aiidii procedures io ide]Mify ins(Anees ofnon-cornpliartce 141iih
Irlivs Dnd re8iilalions. This irtcludi%d mttkirtg enquiriL5 of niDnagemenl and tlLo%e cliur8ed willi 8ThvernDn4e ond Ohl1)Ing
ndditionfjl corroborative evidence us required.
'lThei'e are inhereiii limilatio1 in Iht aiidil prtrdure5 d¢sLribed abov¢. We aff le55 lik¢ly io bOrne aiv¥r¢ of insiances of non-
ci)mpliuncc ii'ilh luii'% rL'biululi(In¥ Ihul Jr¢ n
Docuslyn Enwlopo ID. 8449114D48ED4ADE4D5C-E71&439777EE The Maria Moiilessori Truiniiig Organi5alion Financial Statellienls 31 August 2024 Statement of FAnaneial Activities For the year ended 31st August 2024 Unrestricted Re51ricted Funds Funds Total Fllnds 2024 Total Funds 2023 Income #nd Kxpenditure nole liicome li)coine fi'ojn charitable aclivilie5: Coursv and other fees receivable Iii¢oiiic froin generated fiwds., Donations and legacies Interest receivable oiher liicome 3,863,228 3,863.228 3,804.084 3114 9.194 41.048 6,270 63,701 72,895 41,048 6.270 576,432 15.058 892 Tol81 In¢om¢ 3.919,740 63,701 3,983,441 4,396,466 Expenditure ChRrilabl¢ Activilies 4,025.256 62,274 4,087,530 3.717,661 Tolal Ei xpendilure 4,025256 62,274 4,087.530 3,717,661 Nel Income (10.S.510 1,427 (104,089) 678.805 Bo14nces brought forwArd at Sep¢ember 2023 13 8.828.400 5.089 8.833.489 8,154.684 B8lnnce.I carried forward at 31" Augugt 2024 13 ,722,884 6,516 8.729,400 8.833,489 All amoun15 derive from contii)uing activities. All gains and losses reco81)Iscd In the year are included in Ilie Siatemcnt ofFinancial Activities. The notes on pages 23 to 34 fomj part Df these fJnanci21 statemeiits. 20
DocusPJn Envelope ID.. 8449114D48ED4ADE4D5C-E71EA39777EE The Meria Montessori Trnining Organisatioii Finaiicial Siatenienl 31 Atigiist 2024 Balance Sheet At 31st August 2024 2024 2024 2023 2023 Fixed Assets Inlang7ible Assets Tungible as5¢15 68,700 8.495,880 8,423,904 8,564,580 8,423,904 Currertl As5¢ts Debtors Cttsl) nl bank &nd in Iiand 134.131 2.036.810 185,154 .711,914 2.170,941 1.897,068 Credltors: Yèmounls fllllng due wlthln one yeflr li (1,894,594) (1284.053) Iyel Ciirrenl Assols l(Liff billiies) 276,347 613,n15 TolAI Assets L¢$s Curr•nt LiNbilltles ,840,927 9,036,919 Credllor$.' aiiiothnls falling due *fter More 111on one ye41. 12 {111.527) (203,430) Totfil Net Assets 8,729.400 8,833.489 Fiiiids Reslricted funds Uiirestricled funds: Geiieral Desigiialcd 14 6.516 5,089 14 7,439,944 1,282,940 7,522,910 1,305,490 14 8,729,4 ,833,489 Appi'ov¢d by Ille board on 215/2025 Mi's C Wes1011. . Director Mr l. Stockdal¢ . Slrtu . Dircclor The notes on wgye5 23 lo 34 foTm part of these finallcial slalememts. Coinpany R¢gistration No: 097468
Doctjstqn Envelope ID.. 8449114048E04ADE4OSC.E718439777EE The MarÈa Montessori Trainiiig (kganisation Financial Statethients 31 AUgst 2024 Statement of Cash Flows For the Year eudRng 31st August 2024 Total funds Tot*1 funds 2024 2023 Cash flloivs from Operatlng acllyiiles: 510025 843 669 Net provided byl (used in) TrpeTjtIg xctivities 17 510.025 843,669 C#sh Flow% frum Invesllng activltle5: Interest 41.048 (226,177) 15,058 (74,744) PthrihH¥e uf Flxed Asyets N¢t C4$1J provided byl (used ID) Investlng aetivlile5 (185,129) (59,686) Change In cpsh ond cosh equlyjlents In tbe yeor 324,896 783,983 Cash and eash equlval¢Dls at 1st September 2023 ,711,914 927,931 CAsh and c&sh equlvHlenls at 315t August 2024 18 2036 810 711914 The notes on pages 23 10 34 form part of these financial statements. Company Reglstration No.. 0697468
Docoln Envolopl ID.. 8449114WED4ADE4D5C&71&439777EE The Maria Mon$s0r1 Trainii)g Organis8tion Financial Statefflent8 31 August 2024 NOTES TO T1 FINANCIAL STATEMENrs The Maria Moi)lessori Trnilling Organisation is a coll)pany limiicd by guarantcc, incorporatd and doiniciled iii Eiigland aiid Wales with a r¢gister¢d nLimb¢r 067468. Jis regist¢red oifKe is 6th Floor, 9 Appold Str¢et, London EC2A 2AP I Prin¢ipal A¢¢ouMtiug Policie The a¢coLinling wlicies Rmain unchanged from last year. Aeeountlh% B#sls Stsndards The fiiipn¢iftl Statements have been prepared umjer the hi51orical convention and in accordance with appllcable a¢counting slandai'dg and Iht Staleinenl of Recoi))n)ended lknciice 4015.. Accounting and Reporting by Clwilies piM)aring tlieir accouiits in accordance with the Financial Reporting Stat)dard applicable in rhe United Kingdom and Republic of Ireland (FRS102) and Ihe Charilies Act 2011. Th¢ finHncial aternents hav¢ Ixcn pttpw¢d in s¢¢rling which is Ihc fvnction81 currcncy of ih¢ charity, round lo ih¢ n¢8r¢st £. Income All incoime is recognised once the Organis&ion has entitlement lo the irtcom< il is probable that the income ivill b¢ ¢t1¥ed. and the ainounl of incoine can be measured reliably. Income consists of sch(1 fees, Early Years Fiinding for 3 and 4 year olds and course fe¢s. Iiicome from fiill- and part-lime coiirses Hnd WQTkshop$ is re¢ognised over the tenn of ili¢ coiirse, Any iii¢oine rcIv¢d before Ilie year end relaling lo courses ru)Ing afler the year*i)d is defentd. lucome is deferred oiily i¥l)en Ilie chai'ity iw received income in advance of cortdilions lo be fulfilled in the future. rJon#leil goudg, fA¢llliiey #nd servlcey receiv fur uur own ar¢ reLogpniied in ihe HLLuunls ivhen r¥L¢ived, pruvided Ihe value of Ihv gift can IK measured r¢liabty, on the basks of th¢ vatu¢ of th¢ gift lo Ik ¢harity, VDluTrtary liicome and Iiiv¢slnient Income are gnised iii the attounts Wh re1ved. Kxpendliure Expenditure Is recognised once there is a legal or wnsmictive obli70 cominitting th¢ organisa¢ion lo that expenditure, il is proknble that settlenient will be required. and the amount of the obligation c•i be measwed reliably. All expenditure is &c¢ounted for on an a¢crnals basis and has been liiied undtr headings thai aggregate all Éhe costs Rlaled to Iliat activity. SuppDrt costs- wl)ere costs ¢onnot be direcily attrItted they h¢ been all41ed to 4¢livities on th¢ b1$ of th¢ oinount of statYtli1)e spent on eadi activty. Goveriiance costs- have been allocated io activities on the bosis of the an)cAtht of st8ff iiine 8rnt on e4cli activity. These c051$ ¢OIIIPTise all cosls incLirred in connection with ihe piiblic aOnbIlIty of the charity ad iL%' compliance widi regFukiion and good pnclice llnd include costs related lo sl#tulory audii and leBal lees. Flxed Assets Assets at a value ofgrealer ihan £500 are cw)il8lised trnd depreci&ied over their useful economic life. Depreciaiioi) on fixed a&seLs is prtwided at rates estinialed to wrilr off the c05t or revalued alliounLs, 1¢85 ¢51iniated residukl valiie, of tach asset. over its eX¢t¢d us¢ful lifc a5 follows= TPr(ve[¢nts to owned buildings Iinp¥oveineDts to buildings under licer Office and kitch¢n equipment Computer equipmenl tM)t depreciated depreciatcd 0rth¢ puiod of the licence bEhveen 5 and 10 ye3 between 3 and 5 year5 l-he ¢oi)Ipany owns the freehold premÉses knowll as 26 Lyndhursl Gardells. The trattsitional arrallgements ivii&til 5ectioii 35 of FRS 102 haye been applied and ihe property bas beeLI revalued ds per the repofi by Jones tang Lasalle. Ali anDLial iinpairnient review is undertaken hy the Trustees. It is the COll)pany's practice Io lliaintain the prope¢ty in a contii)ual Slate of soiind repair and to make improvements Iherelo from lime to time. The directors coJ)sider the useful econoniic life of the 23
DoovsvJn Envglopo ID.. B449l14D48ED44D5¢E7lEA39777EE lli¢ Maria Monte550Ti Trailg Orgai)i5atioi) Fin&nciftl Sthiemeiils 31 Augusi 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTI]YUED) I Prftneipql ALL'Ollllting Policies (continued) Fixed knets{eontinued) property lo b¢ in ¢x¢¢ss of 50 years, and that it did not diniiftish during the kxriod wider r¢vi¢w. CoE)sequentlyy iio charg¢ for d#precidtion is made. Inthiigible Assels Inlangibl¢ ass¢ts repr¢senl the costs of the development of Ili¢ organili0n'S website and are nortIsed over a period of three years. Intangible assets are only tunortised once broughi inio use. Flngnci&l Instruments Th¢ il)arity only holds basic financial in51rumcnts and hasapplied the provisi of Sertion I I 'BBsi¢ Financial Insirumenls, of FRS102 to all of its fiiiancial instrumenls. rinancial Inslriiments are rewgnised in th¢ charity's balance sheet when the charity becomes paty to the ¢olllra¢iiig1 pmvisions of the U1rUmeI)t. Basic financial instn]nients are measured at wnortis¢d cosi. Opei'atlng Lea5tJ Rentals paid under operating lease5 ¢hDrged lo the SOFA on A 5tsJighi line basis ov¢r the l¢mis ot'the le1e. Taxallon The company has no liability lo coyiralion tax due to it8 charitable status. IrrecoYerabl¢ VAT Any iiiEcoverable VAT is ed io Ihe Sthen1 of FInClaI Activilie5 or capilalised as part of tlie coyl of the r¢laled ossel, wl)eiE appropriate. Einploye¢ Benefits The ¢oslS of sliort iemi eniployee benefits are regniSed as a liability and aft eypenge. Tennii)aiion bw)efils are recognised as ali exp¢iis¢ when Ili¢ charity 15 deinonstrably c(Mnmilted to leniiiiMle rhe anployment of ali ei)Iployee oi. lo provide lermiiiation beijefiis. Forelgn Ei xchR Trge All forcign ciirr¢n¢y Iransaelions are recorded al Ille excliangc tal¢ on the date of the Irdiisaclion. Ilie financial repoTliiig dole, fottigi) currency monetary iteiils are translated usii)g the elosiiig rate. Any exchange ditYeYuic¢s arisuig froiii settleiiicnt or transl81ion are recobnized ds profil or loss. Pensloii A defined contribution scheme was esthbllshed in Mgrcli 2015. CLtrIbUtISre ch&rged tothe SlaleineJ)l of FinAnci81 Activities iey becon)¢ payable In accordance ivith ihe sChne le C8sh and cash equivalent Casli at bank at)d cash in liand ildeS cash and short-lenn. highly liquid investments with a short n1?rIty of100 days or Current A55el IV¢s1entS CLFI'renl asset invesliments include frAed4erm dq)osil accounts with a maiurily ofmore Ilian 100 days. Fullds Uiii'esli'icl¥d- Thes¢ aiy funds that can k used in arcordwjce with the charitable objects at the dIS¢tIon of the lrnsl¢es. Desigi7a¢ed- These are unr¢stri¢ted funds Vdmi&ked by the tnt$lees frr particulai. purposes. Rexli'icled- These fuThds that can t)nly be used for particular purpD5es within the objects of th¢ charity and are resiriclcd by Ihc doiior. 24
Dtscusn Enpa ID.. 84491141H8ED4ADE.8D5GE71EA39777EE The Maria Montessori TTriniiig Organisalioii Financial Sthteinenls 31 August 2024 NOTlt S TO T4 FINANCIAL STATEMEiYfs (CONTINUED) I Pi'incipal Accounting PolReiey (Continued) Crilif al accOntIng estimates and rta5 of judgemenl In preparing financial slal¢mcnts il 15 necessary Iv niake cerlllin judgemeiits, eslitnales and assuinplions ihlll ètrrecl ihe mounts re¢ogni5ed iii the financTral 8talements. The following judgements and estiinai¢s are consideT¢d by the Trustees to have the most significant etTect oft ainounls recognised in the financial staiements. The annual depiEcialion charge for propeny, pldnl and e(wipment is seiisilive to ¢hanges in th¢ estimated useful e¢oncrfnic lives and residiial valiies of ib¢ assets. The Lisefiil economic lives and residual vali¢es ar¢ Ir-assessed ai)nLially. They are aniended when necessary lo reflect cuff¢nl ¢siiinaies, bas¢d on iechnological advaiiceiM¢nl. future iiiv¢sliii¢ii15. economic utilisaiion and the physical condition ot. the assets. Se¢ note 9 for the corryÉng amount of the prop¢rty. planr and eqLiipm¢nl and n()le l aboye for ihe useful economic lives for each of assel. Provisions for doubtful debis are delennined by individual a55essment of tlie amouiit's receivable. Going con¢ern Afterirvi¢wing Ihe organisaiioll's forec&srs. stress lest anolyses and projections, the diredors have a rea50nabl¢ expectailon that ¢h¢ oi.gani8alioii has adeqiiate ITsoiirc¢s lo coiiliiiue ii) op¢rdlional exisl¢nce foi. the foreseeable fiilure. )I011neI 01) Diploina coiii'ses remains buoyaThi despite a reduced i)umber of sludenls hgving cominenced their studie5 on th¢ full-lime 34 ¢ourses in ALiliiiiin 2024. OrieniatlOD¥, Assistants cour5¢s and professional development iyortcshops ivill conliDii¢ to be beld online ond coui'ses laking plftce in the autumn lenii have a strong uplAke. Numbers in the sch1 are holding .gleady and recmitineni of pupils will conlinlie Ihroughout the y¢8r. The orgHntsati{ has laken into account iiifl8lionJJy i11case5 ii) its, financial foi'ecasls biit is iinftble to asc¢i1ain the inipa¢l on parents, abiliry lo pay school fees al tliis stage. Ir is also iinpossible lo &sc¢tloin the inipacltlial the iiiipo.iiEion ofVA Ton fees wlll11É1ve. Nevertheless, Ihe Direthors Iiave concludcd thal their are no known Inaterial un¢¢i1ainlie5 th81 iinpacl th¢ usc of the going concem bR5is and Ihat Ihe organisalion will be able to settle its debis as they fftll due foi. a period of al leayt 12 months froiii Ihe dal¢ of approval of these finuncial stalethcii15. AcL'oiQingly> Ihe going concein basis lias continued to be adopted in the prepirntion financial stareintnts. 2 Course and othei. fee8 Couvse aiid oiller fees receivable Are altributable to the principal activiry of the conipany whicli arose wholly in the Unlied Kingdom ftnd within Ihe charitable objects of th¢ company. Toll Funds Total Fuiids 2024 2023 Scliool Fees: Gross Fees BursarieslDiscounts Government Grants Other S¢liool Income 3,186,285 2,998.148 (302,81)9) (321.672) 107,660 132,871 1,025,496 Coiirse fees: Gyoss Fees BursarieslDiscounts 2.844,303 909J55 1,044,504 837.732 959,781 1.863.228 3,804,084 The Organisalion receiv¢d Farly Yearn Funding of£107.660 (2023.. £132,371) from lo1 auihorities in SpeCt of the 15 hour5 perm'eek'ftte etititlemenl" for 3 and4 year old8 attending the school. All othei. school f¢¢8 received in 2024 were nsInC1¢d. 25
Docusign Envek)p8 ID.. 8449114LH8Et)4A0E-8D5C1EA39Tl7EE The m7& Montessori Training Orgai)isHtioi) Financial Stoteniei)ts J l August 2024 NOTES TO THE FINANCIAL STATEfrfENTS (CONfiNUED) 3 Donalious and L¢£#eies In¢lud¢d in Donalions are gtfts in kind lo ihe value of £4.800 {2023.. £4,800) in r¢lalion lo software services provided to tlie School. IIKILided Sn Restricted funds ivere donRlions of £60,cw for the esthblishment of th¢ Adolescenl Comnjiiiiity {2023..£50,000), £2,00 I foi. tlie award of buisaries on the P(xsl Diploina Coust5e wid £1,7DO (2023.. £2.886) a5 a coiitributioii to the Boni Iiiside Aid lo Life Project. 4 Direct c.haritable Expenditure 2024 Dlreci Staff Costs Costs AlloeAtion of Tolal Funds Adminislration 2024 Cost8 Salaries and social 1llY Cours¢ Salaries S¢liool salaries Caleri118 T¢a¢liing aid5. materials and oiher dir¢¢t expei)ses ExAIi)ii)Ation costs AMI fees Property costs Advertising Govern8nc¢ Cosis 618,774 1,407,J I I 54,220 156,804 356,627 28.158 775,578 1,763,938 280,734 198.356 107,625 7,824 115,449 41.493 911,152 78.249 25,582 3,016 66,231 S,()88 44,509 977,383 83,937 45.997 20,415 1,362,462 2,1(K),720 624,348 4.087,530 2023 Direet Staff Costs Costs All(ioatlon of Totxl Funds AdmiDiJlralioL 2023 Cos18 Salarl¢s and so¢i$l security Coui'se Salaries School salai'ies Catering Teaching aids, materizls and oiher direct expcn3CS Examinotion Costs AMI fees Pi'operty costs Adverfising Governanc¢ Costs 567.312 ,243.195 57.995 146.618 321.296 28,326 713,930 1,564,491 254,394 168,073 81,478 1,847 52,501 853,851 60.207 21.048 6,466 147 4,166 67,759 4,778 87.944 1,994 56,667 934,590 64,985 38,666 12,980 17,618 1.239.005 1.899,100 579,556 3,717,661 Dir¢ol Governance Costs ¢ompris¢ audit fees in both 2024 2023. Incl(Ided in oth¢i' dir¢ ¢xpell5es are gifts iii kiiid to the value of £4,8 {202J: £4.800) in retation lo software s¢i'vÉ¢es pi'ovidcd lo the school.
Docuslgn Env8bp8 ID.. 8449114D48ED4AOE4D5Gg71EA39777EE The Maria Mont¢ssori Trainiiig Oi'gaiiisotioti Financial Staten)ents 31 August 2024 NOTLS TO THE FINANCIAL STATEMENTS (CONTINUED) 5 AdJniDistrntion Costs 2024 UnrC5tled Restrleted Total Funds Totsl Funds Funds Fuuds 2024 2023 Slllaries AccoLintsiicy aiid Payroll Legal and Professional Iiispection ai)d accreditation Montessori Education (UK) Limited Stoff Life Assuran¢¢ Ti'avel and suhsisl¢nrc Printing, poslag¢ and stationery Telephone 8un(lry Arrhiving aiid Study ¢¢ntr¢ costs Bank charges Siibscriptions Bad debt expense Reoriiilmenl Licens¢s Depreciation Aniorlisalion 363.062 9,624 59,026 25.173 756 7.176 33.175 22.208 11,361 13,764 2,988 19,605 4.481 8.738 7,942 11,356 21.640 363.062 9.624 59,026 25,173 756 7.176 33,17S 22.208 11,361 16.038 2,988 19,605 4,481 8,738 7,942 11.356 21.640 343,385 7.602 79.912 6.494 882 6,903 32.632 15,896 5.110 11,176 4,306 16,628 2.820 13.125 2,607 9,101 20.977 2,274 622,074 2,274 624.348 579,556 (Note 13) Adminisli'ation costs of £2,274 (2023: £8,827} were alloced against restricted fvnds in 2024, nStitUt6d of salpries of £0 (2023: £8,827.) 2023 Uttrestrieled Restrlf led Totsl Funds Total Fuiidi Funds Fullds 2023 2022 Sal&ri¢s Accountancy and Payroll Legal and Profcssional Inspecliun wid acLredil&Lion Montessori Educlllion (UK) Limited Stsff Life Assuraii¢¢ Ti'8v¢l and siibsisten¢e Printimg, postage and 51ationery Teleplioi)¢ iiiidry Ar¢hiving and study centr¢ costs Baiik charges Suhs¢ription to examining body Bad debt expei)se Recriiitment I,icenses Dcprecialion Ainortisalion 334,558 7,602 79,912 6,494 882 6,903 32,632 15.896 5.110 11.176 4.306 16, 628 2,820 13.125 2,607 9.101 20.977 8.827 343,385 7,602 79,912 6,494 882 6,903 32,632 15.896 5,110 1,176 4.306 16.628 2,820 13,125 2,607 9,101 20,977 302,142 6.467 64,164 8,613 I,oog 9,076 18,620 15,157 4,868 11,373 2,813 16,366 2.059 27,285 2,942 9.754 22,140 570,729 8,827 579,556 524,847 27
Docustgn Efivglope ID.. 8449114D48ED4ADE4D5&E71EA39777EE The Maiia Montessori Trainii)g OrEanisatioii Finhnciul .Stoteii)entS 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED) Net Movements in Funds 2024 2023 The n*1 ttioveiKeJ71 iiyfiinds if sloledafter chargiiig.. AEJdiltsrs' remyii¢ralian'. current year In respect of other services DepclaI10-tagib1e fixed assety Amortisation- IntIg[ble red assets L03sI (Suwluy) on Disposal of Fixed Assets OperAlit)g Leftses 25.582 6,646 85.501 21.048 7,121 76.6Q2 6,199 375.320 375,320 7 Direetors and Employees 2024 2023 Sl4ff costs dLiring Ihe year were as follow8.. Wnges ond salories Social seciirity costs RediindAncy Costs Pension costs (defined contribuiion scheme) Pension Costs {oiherJ 2,022,252 1,1166,095 207,084 187,592 B,106 53.291 49,480 9,537 2,290,732 2.112.704 Tl)c nLimbcr of ¢mploy¢¢$ ivhose benefits were over £60.0(K) diiring 1Sie year (excliiding employer p¢i)sioii coiilribulions) were.. 2024 2r123 number nllrnber £70,000- 80,000 £65,000- 70,000 £60,000- 65,000 Pension ¢osts of £4,035 were paid in respecl of th¢5e four employees. Th¢ average ive¢kty number of ¢mployees at the company during the year 65 (2023 61). Th¢1% wa5 nts fon))g1 ¢lassifi¢ation of duties. ie Oi'ganisalioi) considers ils key managcmenl personnel coniprise Ilie Th5teey, d)e Executive Director and th¢ Bursar. The total eiiiploymeiii bei)efit5 including employer pcnsioii Conlribiilioiis ofilie k¢y ii)Ni)agJeii)eiil persotmel wei'e £187,622 (2023: £166,586). No director received any reiiiuneration (2023 £Nil) froni the conipany iii re5P¢Ct of Ih¢ir s¢rviccs 05 truslees. Aspei-niilled by i'iile 51(1) ufiheAI'il¢les ofAssocialion l (2023- l) direc1. ilias paid£0 (2023.. £0).fth' lecliii'iiig dui'ing ille )IEai'. One Trustee in the year had £0 expenses reimbursed (2023.. £72). Trnsteas, indemnity insurance ot £1,446 (2023 - £1,446) was paid durtng the year. 28
Docusign Envelope ID.. 84491l4L48ED4ADE4o5c-E7IEA39777EE The Moria MoTEtessori Tr8iniiib? Organisalion Financiftl Statenienls 31 August 2024 NOTES TO THE FllNANCL STATEMEiYfs (CONTINUED) Infangible Assets IT Dev¢lopn)ent Cost Ai 1st September 2023 Addiii011s in the Year 68,700 Al 3 1st Aiigust 2024 133,940 Amortlsalion Al I bl September 2023 C.hur&we for the Year 65,240 At 31. Augltst 2024 65.240 Net Book VBlue Al 3111 Aiigiisl 2024 68,700 Al 3 Ilt ALl8iis12023 Intangible assets are only amortised OM¢¢ brought into UK. The Additions in the yearhav¢ iiol been amortised as ihey had not been broughi into use by year end. 9 Tangible Flxed Asyetg olee nd Kilehen Equipme Freehold 4nd Iliilldlngs Bulldlng Improve ments Compvte &IT Total Cost Al Isl Seplenlber 2023 Additions Dispos#l¥ 6,603,789 2,113.495 133.196 125,087 21.563 49,968 2,718 8,892,339 157,477 Ai 3 1st Aligusl 2024 6 603 789 2246691 146650 9049816 D¢preclAtlun Ai I sl September 2023 Char¥e for the year On Disposals 341,806 63,861 94,030 14.681 32,599 6.959 468,435 85.501 At 31st August 2024 405 667 108.711 553 936 r4et Book Value Ai 3151 AiiLFllsl 2024 6 603.789 1841024 8 495 880 At 3 1st August 2023 6 603 789 1771,689 31.057 8.423,904 All red assets are held f¢)r direct charitable use. The trallsitional atrangements ivithln se¢tion 35 of FRS 102 have be¢ii applied and the prDpeNy al 26 Lyndhurst CTardens (excluding the Ca8ch House) ha5 been valued by Jones Lang Lasalle on th¢ basis of Existing Use Value &s at 31 ¥ August 2014 as a DI property, as per IUCS valu8tioJk stsi)dards in & r¢port dated 15 f4ebiiiary20I5. 29
DocJJsvJn Envalop8 ID.. 8449114EH8ED4ADE-805C-E71EA39777EE The Maria Montessori Truining Orgai)isa(ioii Financial Sthlen)eiil 31 Augusi 2024 NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED) io Debtors 2024 2023 Trade Debiors Pl'ovisioii for bad and doiibrfiil debts Pi'epaynienls and accrued in¢ome Other debtors 62,399 (34.166) 71.421 34.477 101,443 (35,070) 98,749 20,032 134.131 1¥5,154 li Creditors: amonuts fallin% due withln on¢ year 2024 2023 Trade creditors So¢io1 seciii'lty And other iaxes Acci'uals Defei'red income School deposits Oih¢r rr¢dilors 98.251 48.358 131,233 1,444,281 141,125 31,346 93,751 44,806 190,904 777,394 142,700 34,29¥ 1.894.594 1.284,053 IiiclLided in Otiier creditors is an Amoiint of £8,489 (2023: £6.457) wlitcli Ihe charity l)olds as Cuglodian on b¢l)alf of 3¢1)00l parenl bodi¢5. Deferred income relates lo ¢(rSe fees and schLN)I fees received in rcspecl of Ihe followiilg year. Elalanc¢ al 18eptemb¢r 2023 rees received in advan¢¢ Released to statement of finanGial aclivities 887,872 ,270,911 (6B4,402) Balanc¢ at 31 AUSt 2024 1,474,381 12 Creditors: amounts falling due after more tlwn one yr 2024 2023 Lease Iiicenlive Provision Deferred Income 81,427 30,100 93,152 110,278 111,527 203,430 30
Docuslgn Envelope ID.. 8449114CN48ED4ADE-8O5C7lEA39777EE The Marta Montessori Tiyining OIEanisalion Fin&ncial Statenients 31 August 2024 NOTES TO THE FINANCIAL STATEmEs (CONTINUED) 13 Allalysls of Net A&s¢ts between Fun(L8 Unreslricled Restrl¢led Fund5 DesignAle FU3 General Funds Total Funds Fund bRlances os at 3 IW August 2024 as represented by: Tangible and iniangible fix¢d assets Nel Ciirr¢nt asse11114bllllles) Ci'edilors fulling diie after than oiie yeRI' 7.867.924 696.656 269.831 (111,527) 8.564,580 276,347 (111,527} 6.516 Totsl Nel Asse15 6,516 7,867.924 854,960 8,729,400 Vnrestrieled Reslricl¢d FuDds DeslEDa¢¢d Fund$ Ceii¢rAI Funds Total Funds Fiind balances as at 3 Aiigusl 2023 represented by.. Tangible and inr4ngible fixed assets Nel Ciirrent assctsl(liabilitiLS) Crediloi's f8lliiig due after iiiore iliaii on¢ y¢gr 7,867,3n 556,532 607,926 (203,430) .423,904 613,015 (203.430) 5,089 Total Net Assets 5,0119 7,867.372 961.028 8,833,41E9 31
Docuslgn Env8lopa ID.. 8449114D48ED4ADE4DSC7lEA3g777EE The Maria Montessorl Trainiiig Orgaiiisatioi) Financial Sialen)enls 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 14 Funds Bjfivd Ineome Kxpendlture Trgnsfers Tot41 UnrLstrlc¢¢d FUd9 G¢n¢io1 D¢signRled- assets Dcsignaled - Burs#ri¢s D¢signal¢d- Otl)er 7,522,910 3.919240 1.263.584 (4,025,256) 23,050 7.439,944 1.263,584 500 18.856 500 41.906 {23.050) ,828.4(K) 3,919,740 (4,025.256) 8,722,884 Restricted Fund8 Help Thc Childrcn Projecl Boni Inside Project BursHries- Posl Diploma Adoles¢enl Project 2.203 2,886 2.203 2,312 2.001 1,700 2,001 60,UOU (2,274) 160.000) 5.089 63,701 (62.274) 6.-$16 ,833,489 3,983,441 (4,087,530) ,729.400 Unrestricted Funds Tlie unrestricled funds are repre5¢1)led hy ihe balance of fixed assets and curreni &%sets less to(al liabilities. Tl)e d¢siEnaied flind -asgets represenis rhe net book value of the tangible fixed assets. excluding Ihe ne¢ book valiie of rhe capitslised refurbishment works to ihe leased lrnining centre pren)ises and a tran5fei to general fuiids has Ixei) ittade 4¢¢ordii)gly. The Trustees designated funds for a garden ii#provement project al 26 Lvndliursi Gardei)s (ulilised diiriJ)g tli¢ yeai.) and d¢sigiial¢d furtlier fvnds towards oulre4¢h iiiiti4lives and professional developnieiil opportunities. Tl)e Trustees Iittve designated funds lo tlie npproved projects of Aid lo Lif¢ outreach and lo piofessional developiiienl, 11 is ai)licipaled tlial Ilie8e fund8 will be used wiiliin a tliree•year period. Tl)e Lharily's 8ssets al'e availabk and adequale lo fulfil the obligalions orth¢ chyrity. Re5tri¢ted Funds Jncluded in reslri¢led incom¢ 1$ 4 donation of£60,IYJO rer¢iv¢d froni 8 Charitable Trust to provid¢ fvnding for the establislimenl oran adolescent class for young people aged 12-14. Th¢ Help Ihc Cliildren Project fiilld is included wiihill cash al bank- and in haDd in ihc ba14nce slieet. The fund is used io help childr? in Afri¢8. Tlie Boi'n Inside Fund aim5 to provide a SUPPOTI and educatton pmgramme for pregnani mLJthers ai)d moih¢rs ivilli yOL¢ng childi'en born or living iiiyid¢ prison. D(Mialions fr individuals totalling £1.700 (2023.. £2,886) wei'e ie¢eiv¢d dui'iiig Ilie year, A dlation oe£2.001 was received during the year in hIor of Hilla Patell to offer bursari¢s to sludenls on Post Diploma courses .12
Docusign Envelopa ID.. 6449114D48ED4AIE4D5GE11EA39777EE The Mari& Montessori Training Oi'gai)is&tson Financial StHteii)ents 31 August 2024 NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) Is Commitments ilnder Opergting Lee8 Al 31 Augusl 2(124 the charity had lolal cotnmilmenls utmkr nOn-¢cellable opernling leas¢$ 4$ sel out b¢low:. 2024 2023 Land and Land and Buildings Buildings Op¢rllring Leases which expir¢'. Wiihin l Y¢ar Wiiliirt 2- 5 years
5 Y¢ttrs 351,725 609.013 91,000 372.820 602,945 132,750 1.051.738 1,108,515 16 Relxte(I Party Tran8¥JCtiulls Lyithe Laivrenco is lh¢ Excpjtive Director of the Association Moniessori Iiitcrnatioiiale (AMI) wliose coiirses Rre i'un by MMTO and che Worthinglon WAS ihe Chief Financial Advisor of AMI up unlil her reiiremei)t in May 2024. They hold these positions in addilioTh lo th¢ii' work at th¢ MMTO and ar¢ reniuiiernled dI¢1Y by each or8ani5ation. AMI is H separatc oi'gaiiisalion iiicorpornled in The Netherlpnds. Duriii¥ ili¢ year lh¢ financiol iiit¢rnclions b¢hveen AMI Alid lh¢ MMTO ainounted ¢0 a net pAyment of £24.460 (2023.. £51,277), represented by paymen15 for course fee accreditalion and student iii¢inberships of £36,457 (2023.. £61.076) otTset by r¢imbursemenl of adiiiinislralive expenses aiid costs of £11,997 (2023.. £17,247). The 3011 of 4 ni¢mber of il)e S¢nior ManHgeinent Teain work8 As a Teacher in lh¢ School and is ppid salary in accordance wlth lh¢ Organisation's salary scale for l eachers. Lilian Kimats provided n)¢nloring sei'vices (£1 O,QOO) durin&J ihe year to Great Beginnin¥5 Montessori School, Ihe proprieior of whi¢h is Wendy Innes, also a Iruslee of thc MMTO 17 Reconciliation ofeash flows from operaling activilieq 2024 2023 Nel incorne{expenditure) for the reporting period AdjLiStmenls for. Depreciation and ainortisalion charges Proceeds froim disposal of Fixed Assety Dividcnds, inter¢sl and rents from invcslmenls (Incr¢aseydecr¢ase in debtor5 Iiicrease(decrease) in creditors (l (M.089) 678,805 85.501 76,602 6,199 (15,058) (54,303) 151,424 (41,048) 51,023 518.638 Net casli provided by (used in). operating activities 510,025 343,669 33
Docu8bJn Envelop8 SD.. 8449I14D48ED4AtE-8DSc71EA3g777EE The MaTia MoEble550Ti Trniniiig orgaiiis2tioii Financial Stuletiiei)ts 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 18 An4lysls ofeash Jnd eRsh equivalent8 2024 2023 Casli iii l)and Notice deposits less than 100 days 212,096 1,824,714 221,S13 1,490,401 Total Casll and cash equivalents 2.036.810 1.711,914 Poyt Sheet Events Abbey Roftd Children's House was Closed as ai I Seplember 2024 alld Crouch End childn'S House will close with effect fiDm the eiid of sumtner terin 2025 34