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-8D5C￿7lEA39777EE llic Maria Mont¢S5ori Tiaining or&￿011)$8[1O1i Financial Statements 31 Augus12024 Direetors and Executive Committee Registered Office 6th Floor. Mr. R.A. Partridge (Chairman) {resigned 12th Noveniber 2024) Mrs. L.Webster (Company Secretary) (Irsigned 121h November 20?4 Mr. D. Mui'phy (Honoraiy Treasurer) (resigned 22nd June 2024) Mr B. Fac¢ini 9 Appold Street London. EC2A 2AP Principal Office M5 N. Forsytli 26 Lyndhiirst Gatdcn5 Hanipslead MS Sara Giwa-McN¢il Mrs. W.H. li)iies London. NW3 5NW Mrs. A. I,ak¢ (resipjied 22nd Jiine 2024) Mr8. C. Middleinas Mrs. F. Scott Mi. J.M. Slockdale (Honorftry Trehsureff) (gppoinied 22nd June 2024) Auditors Ms. C. Weston Moore Kliigstoti SI￿1111 LLP 6th Floor, 9 Appold Slreel London. EC2A 2AP Principal Solicitors Harrisnn Ctark Ricktrby8 5 Deansway, Worcester Worc4%lersliir4 WRI 2JG i*e Bollon Monler Williams l lli¢ Sanctuary. WestsninslLr London. SWIP 3Ir Bankers Lloyds B4nk 39 Tlveadn¢edl¢ Slr¢el, Londoi) EC2R 8AU Docu$￿￿ 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 re￿rI and f￿￿7¢181 stateinents for the year ended 3 IM August 2024 which have been prepa￿d Lillder the hAstorical cost convention and in accordance will) appli¢able a¢¢ounling slaiidards and A¢coLintiiig aiid RepOrtI￿g 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 moniess￿l appr￿h 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 soci￿c£on0miC Efollp5 To lielp lu develop adults whose knowledg¢ of th¢ nalural law5 of growth and d¢velopment enable cliildren to develop S￿￿taneOUslY and naturally witliin the t8Mily, sclK)ol And gociety To providc opportunilies wherever possible for adults lo ut)dersland how chIld￿n 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 CO￿r5e5 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¢ examin811￿3 lo be ol least 85Q/o. In 2024, students gradtialed with a 91% pa$5 rate (2023: 91Q/•) Main18ining the qiiality of the Montessori ediic8tim orrered in the School. This is diificult to measiire qu8nlitatively bui ¢an be evidenced by the numbers of chtldren transferrlng to the Elemenw Schwl and ihe success of the childi'en's school choices at ihe ag¢ of I l and 16. Docusun Envelope ID.. 8449114N8ED4ADE-8DSC-E71EA39T17EE Tlie Maria Montessori TJ7ining Orgaiiis8ti011 luilding tror a fiirther expansion of the Eleiii¢nlary ¢lasses and th¢ establishinent of the Adolegceiil Commuiiity al Ihe 12-16 age lev¢l. The Mmi S¢hool continued to siKcessfLIIIy SUPEM)rt 'diff¢renily ￿bled, chik1￿17 8¢rosg all sites The success of oiw Series ofiAlks aim¢d at parei)ts in previous years idenlifi¢d the need lo provid¢ in¢i'eas¢d infomation ro paiEn15 of child￿n in our s¢liool aiid also ii) the wider ¢oRiii?unily. Regul￿. ¢mail ¢oininuni¢alioi), a parent ewsletter and ihe expansion of informalion Available on Ilie website lias enhaiiced ilie disseininalion of informaliott. MMI parentsl infomialion sessions to ¢over all age groups hav¢ beell intrliduced. Wc will coiilinue ro increase Il)e niimbers of childreii ii) our Adolesceiii classes. Our buisai'y and assisted pltsces policy foi. the School will continue to enable tii)aii¢ial a$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 Opp￿tunItIeS 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 prosp￿11¥¢ parents. These Open Forums e.%plain the basic aspects of tbe Monlessori approach to education Fll￿re 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¢f￿h¢r ¢ours¢s and Professlonal D¢v¢lopmeiil Days A new short coiirse was piloted "Montessori and Learning Differences- a Neiirodevclopiiieiital Appro￿h, 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 p￿gr￿lI?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 sU￿ssfUllY 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 Infra￿￿ctUIy lo support national and government cours¢s in East Afri¢a To gain expertise in delivering the AMI CommU￿lty 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¢ P￿5¢￿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, Iv0￿s￿op5 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 Impl￿1)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 b￿OInIng 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 Cleat￿d 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 situa￿d 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 CU￿ent 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¢ eX￿rienCe of Montessori edu¢aiion or will provid¢ expertise rhal ivill coniribiite lo lh¢ goVern￿l¢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)um￿r of lei'ms, therefore ¢a¢li y¢ar a third of the Trustees are up for reappointm￿1. 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$alion lo obse￿¢ its aclivilies and publicity and infornialional malei'ial. Directors receive relevant training such as Safegiiarding, Saf¢r Rectwitmenl, Health & Safety as wuire¢ aiid also aLlend Monlessori Coiir5es held ai (he In￿llUte ilirouglioul th¢iY p¢ri(MJ of Service. The Board mee15 a minimum of Ihree time$ 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 a￿1 f￿￿ncIal) and rEPOTts to tbe S￿rIng Committee. Leadership Tell￿1 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 refurbish￿c11I 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 Sil￿SeCtOr ￿lidance ¢on¢erning the opcralion of the piiblic benefit ￿￿]Kinen1 L￿der 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 f￿an¢101 Gircut]istaiices woiild Compl.￿niSe Ili¢ir abllily lo r¢m8in ai the school oy conliniie with (heir sludies. Those wishing lo be C￿lS1dered for financial support are required lo Su￿￿1¢ iheir appliclllion, accompanied by lh¢ r¢l¢vant f￿anCial 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¢rATION 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..1￿v Siatetnenl and noles 10 the liTrancial sl#tLmLnl%. incliiiling siKnifiLllnt ttLLounling pol￿1￿1. Th. findnLial fLtM)rling [ramL￿yOrk thdi ha5 bLYn ¥ppli¥d in thLir prLparatii)n ig ppIiL41bl¢ l￿W and Uniled Kin8dom AcenutLiiDg 8th￿d￿d￿, incluling FRS 102 'Tiie Fi113nciwl Re￿rtIng 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 Uppli￿lUn 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 Ieeordw￿e ivith the ftqulrements of the Cornpani¢s Act 20(￿. Bfi3ls for opliilon We condu¢l¢d our audil in ic¢oidanc¢ iyiih Intemolional s￿ndards 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 h￿vl 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 sU￿1¢ient and appropi'iÈile lo pmvide a basis for oui opiniorL Coii¢luslon$ rel*tJthg to golng toneern In uuditingtli¢ fiiinnriul sthtemeiit4 ive hovc ¢on¢luded th￿l￿etill81¢cs, use of ti)ego1ngc￿JC¢ffl basis ofuc¢ountliig Iiiili¢ pirpllration ot thr linaiicipl Sta1￿C￿lS is DPPTOPrinte. Bastd oil Ili¢ iyork iY¢ have perforned, Ive hav¢ nol idenlified any malerial uncerlainties relatliig to cvuits or Condi￿onS 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 rele1t0￿t 9ectlons of diis rcwrl. Olh*Y Inforin•tLOII I'he oil)cr ii)forn)tLlion comprises thc inform8ti￿1 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 $tatenienls docs rtol cover tlic oihei. informatitin except lo Ihe extent ￿ller￿vI￿e explicilly slated iii our repoil. li'e do Iiot exi)r¢85 gny forin vl'a&surdnce con¢lu5ion Iher¢on. rL'%piinsihility is tn rcad the other infuTrnalit)n and. in dning 8(). Ll)n*idLY ivhL.thcr Ihe t711ier inforniation 18 m4l¢riJlly in¢rm81Stent ii'iili the fiiiancial Slatenients or our knowled8e obt8ined in the COUTS¢ of ihe Budil or o¢heTwise appeaTS to be maiuially Iniss141ed. If Idei)tifj, such niat¢rial in¢onsisl¢n¢ics or app&r¢nl matcrial missta￿￿¢01& we are requiied to detenmine wheili¢r ther¢ is a mt)t¥riol mis4t&iement IK Ilic financial slalcments Ihemselv&s. If. hased (Mi ihe ivork ive have l￿fOr$i7ed, we coiiclude that there Is o molerial niissiatemcnl ot. Ihis other itifom)*iion. Ive requi￿1 to report ih8t tact. Wt have nothing lo report in this fegard. OplrJ5ons OD olhor m*tterg pl￿rrIb¢d by the Compa￿leS 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 p￿pared is ¢ottsisIEnt wtsli the fil￿cial slatemellts: and Ihg IruyLe¥s' ple￿￿d ￿ 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¢r￿ar¥I1ng ofih¢ ix)mpany omd its CnVir￿n￿1I ubtsi5b¥d in i]K' wurx. of ihG audit, havc not Id¢rttified JllaterÉal misstatetneiits in die tnLslees' wujual ye￿rL 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 ade4￿￿e for ouraudit liav¢ not t*eA recesved fr4)m brancljes not visit¢d by us., or Ihc fiaianctal siaiemenls are Iioi iii agfe¢ineni ivith th¢ 4￿011151EnS rmpaiiy laivl arc respon¥ible fi)r the PTepurJlÈ(In ufthc fmaticiul siuien)¢llls ftsr b¢ing i41islied Ihlli Ilig), ¥ii'e IruE or5d loi¥ viciv. fOr￿1¢h iniernal control Ds th¢lru51¢¢sikt¢rniin¢ is ncccssllry toenable the preporniion of financial sialeiiients IhLI llre Iree ITtirn maiefial m1￿1￿1t1nenr. Ivhelher due Iih froud or ertor. In pi'cparing thc fjnanciil 51atement4 th¢ ITU51LLs art. rLsponsiblc f￿ assusing thc ¢hiritablc conipany's ability to cunlinuL is a going ¢onc¢ni, d￿¢105]ll￿ u5 iipplicablL. matlen relaied 10 goiiig ¢on¢em and using lh¢ ¥oiiJg conceni bosi5 ocuccoujiling uiiless Ihe Irubiecs ¢ith￿. inicnd lo liquidnte the ¢horitThbl¢ ¢onipany orlo ruse op¢ralions. orliaye no reali￿le al￿natIve but to do so. Aiiilltor's Rogponslbllltles for ihe oiidlt of ike f￿*￿tI*l ￿￿ttl￿tnI1 Oui'objeclives ￿¢10 obb)in T¢Asonfjbl¢ ￿￿ranC¢Obo￿wh¢lIWitt¢rln￿r￿] sthtein¢ntsos4 ivhol¢wr¢ fr¢¢ from maieTial miss1alcment, iYh¢ther du¢ to traiid or ¢Tror, artd lo i&sue an audiior's repm thoi includcs our opinion. R¢wnabl¢ a5SUTgIJCC 15 a high lei'cl or 115sunThc¢ but is not a gLiarnni¢¢ Ihat In Aiidil condiicied in accordaiice ivilh I%As (UK) ivill 81iv8ys d¢iecl & miierial missiaien)ent ii,lien il ixi&lX, Mi%SllllLn￿nIS 8rist frnud Or LriDY und L￿￿111¥r￿mI rnrtlirial if, individiiiilly or in uggrL'&ul¥, Ihcy ioiild i¥llSL)niibls' be expecied io iiinuence ihe ec(>noniic deL5shoiLgoI'users itLen die blsks ofihese finoiKiul sl¥iemenls. As ol'an ll1￿11 iii llccordaThtt iyiih I¥A5 IVK) IV¢¢x￿1sr Pflltwional judsm¢ni and mainiain prolessioi￿l 5c¢pli¢i5m throughou the aiidii. We Also.. Identity stnd essess the risks of m￿erial Mi￿141tme￿t of Ihe fifi&neial sthtenieiits. Ivheiher due to ft8ud or error: design and pcrfoi'ni aiidil Pl%JLLdurL'¥ rb'spun.¥ive lo lho.sc rKsk%. UIKI ohthii) audil LvidLnLc Ihal is.¥uificienl tsiiJ appi'nprialL l(} pmvidL *1 bi*is lar thur <)pliiion. Tlie rl.4k thl. not dclecung 8 nisjlerial ni1￿￿1¢M¢11l resuliii)g Ironi fr9ud i$11181￿r Ill￿11 lijr i>iic rLsuIIi118 from error, oi fraiid moy involve collusiM, forgery, Éiii¢ntionol Ollli&8iOlL% n?1s1'epr¢s¢ni41sons or ihe QVUTidc ot, Interi)al conlTOI. Oixaln ttn underlthnding of inlern&l contiol relevaTbt ￿ the audli In order 10 dcsign a￿Jit procedures Ihal are apTrropTlait iii the elrciii￿Ia￿ce& bLII not for Ih¢ piin)os¢s o1.¢xpr￿1n8 ail opinionon the elle¢liveness ol'lhecharilable ¢ompany's in¢¢nial valiiall tli¢ appropiiwtcn¥5s of UL¢ouiJIiiiL ￿lIe1L$ Iwj dE￿ the nYsonablLn¢SS of accouiilijig Lslimtsies aiid rL'latcd di5closure$ madc by tli¢ Irusl¢¢ C()nLlude iin ihe spprffjrialcrffi i)fihc inJ4¥¢y' Iifih¢ guing bIL￿4 (Ir&*(￿#1MU&n￿, bavil un thL gU(lil uvid¥nLL obtain¢d. iYhcil)Lr a Inaleri&l unccrtHiniy exists related10 ¢v•its orcondilioThs Ilial i)￿Y ca51 significant doiib(on thc cl)ai'ilabl¢ c(Anpany's ablllty tu Cthilinue as a guing concern. 11 Ive coiiclude thai a i￿4¢er1¥1 lil￿ertainlY eXiS15. we arc reqiiired tu dr&ii' Ilen150n in oiir aiidilor's rcport lo th¢ related di%ciostsres in ihc financial siaiernen1s or. if sv¢h di5clo5urts arL' inadcqua1e, 10 Invdifyoui'DpiniDn. Qur ¢M>nL1￿I1(inl aTL baKd i)ii Ih¥audil cvidbnLY ohlainbd up Iii thl (Jdi¥ iifi)uraiidilor'iiT¢￿r1. HiiivL¥Lr. riiLiir¥ ev￿15 or Lundiiions may cause IIIL churitsble c(>nii)any Io CVd5e lil LoiiLinu¢ &% 8 going coiicem. valuat¢ Ilie ove¥all pre,%enl&linn. slruclure ind l￿111¢￿1 ofthc fll)ancial slal¢iiieiiLs. ificluding Ilie di￿.7￿surL$. aiid wheil)er IIIE fiiian¢Èal stal¢meELts repres¢nl Ihc undcrl)'ing Ir8nsadion5 and rv¢nt5 in a In4nn¢r that ￿hl¢V¢S lair prescnlalioli. We ¢ommiinicale with thox £hJrgcd with goY¢rnance regardin& among Ofher matl¢r& tli¢ planned ￿(l>e Jnd li￿l￿g of tbe &udit opd signifiL#nt Aiiilii fini11n￿ inclii(ling signifiLanl ilLficiincicy c￿ET01 Ih#l iyb idLnlify diiring oiir Miidil. ExplAnA(lon *$ to whAt extent the Audlt w8s ¢oNsidered cip%blt of deleding Irregularltlej, Includlng fr%ud Irrcgulai'SiiLF. Includlng fTAud, urc li)￿a￿e¥S of lion￿omplI￿ncc iYÈih lavy ￿E￿Ikt￿oI1$. M'c (ksiEll proccdurLs in linc ii'iili our Tesponsibilitie4 04itliRd alK>v¢, lo d¢tEci mulerial Ji)isslaleiii¢Thts in respecl of irregularilie4 in¢lu¢Jing frnud. Tlie ¢K¢¢nt to w,Iil¢h our proLedures are capable ot'deleciing irregulari11￿. including IraiKi 15 delailed below. ThL objtLlivtts ul'our ¥u(lil in r¢sPCCt of fla￿J. lo idcntity aThl assess the risks of material tnlsstatci￿cnt of th¢ Iiftinlial blui¢m¢iits due to fr&i)d,. lo ohtain siifficieElt appropri￿¢ audii ¢vid¢nce re8ardu)g theassekTed risk5 of in81ei.val iiii.s¢Hl¢iiKiit diie In frRud. Ilirtsv211 drsigning ond impl¢m¢nling oppropriat¢ tcsponsab io th￿¢ a&8essed risks: arHI to ￿[x)ftd 4ppi"oprio¢el), lo insiances or riY¢ud or Is Docusign Envelope ID.. 8449114D48ED4ADE-8D5C-E71EA39777EE The MarÈa Monteksori Training Organtsatioi) Financial Slalemeiits 31 August 2024 $usp¢cl¢d tinud id¢Jilifi¥d during ihe audit. However, tlie priinttry ￿s￿nsEb11jry for the pr¢veniion and detttlion of fimud r¢5ts ivith both manag¢in¢nl and thos¢ charg¢d with governance of thE charitable company. Our Dppn)aL,h ns folloivs: WL, ublikitjtrd at) u]Mierslor¥ling fjf the l¢gal atxt r¢gul4tDry requiT¢ni¢Dts applicoblc ro thi charirable C￿npallY Lojisidei'cd Ihlll Ili¢ Mosl significanl llre the Coinpanies Ad the Chariu¢s Ail 2011, thc ch￿ilY SORP, UK rjiiaiicial rq)orting st8ndArds as iSSULd hi, the Firk￿LL1￿￿ Reporting C￿￿ntIl We abtsilned an underStht￿jTrg of hth¥ ihe ¢hAritable company eomplies these requirements b), diseussii)IL% iyiih management and those charged ivilh govemonce. We asscssed the risk of material mhsslaiem¢Thl of the linwncÈwl Motun¢nls. Including th¢ ri%k oÉ'mat¢rlal misstotcm¢nt du¢ to fraud and hoiv il ml8hi o¢¢ur. by holdiiw di￿1￿$s1O￿3 wilh m￿08¢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 Oh￿l1)Ing ndditionfjl corroborative evidence us required. 'lThei'e are inhereiii limilatio1￿ in Iht aiidil prtrdure5 d¢sLribed abov¢. We aff le55 lik¢ly io b￿Orne aiv¥r¢ of insiances of non- ci)mpliuncc ii'ilh luii'% rL'biululi(In¥ Ihul Jr¢ n' or inrenlional misrepresentations. or through collusion. Ilie Thfour report Thi5 reporl is inade solel>' lo ¥liarilable Colnw￿8 members. b￿ly. iii attordwi¢¢ il'l￿1 Cliimer 3 0l.P4rf 16 ofui¢ comp￿11¢3 A¢1 2006. OUT uudit ivork lias beeii undertaken so that ive might sioie io ihe company's members IlM)se maiters li'¢ are r¢qiiired lo sio1¢ lo tlitiji itj ali ￿￿111￿1 s I'epoit and forno other Plirpose. To Ihe fiillesi eyieni pcmiillcd by laiv. lye do i￿t acccptor a3sumc rc.%pon.%ibility lo ui)y party oiljir Ihyn thL Lhnrilul)IL (￿nipUl1Y Lh¥riiuble coriipdNy',s mcnihas a3 a body. for ¢)ur audii iYOTk, for ih¥s rLPQrt, ()T for Ilie opinions li'e htsve Inmied. bk!lli(I I, , , LL¢, Date 8 May 2025 Joiiailiaii Aikcns IS¢iiloT Sialutory Auditor) tor and OTr i)ehalf ol'moore Kin￿0￿ Siiillh LLP. Staiutory A￿]I￿r 6ih FIIMTrr. 9 Appold Sireel, Londo L2A 2AP 19 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 AUg￿st 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) TrpeTjtI￿g 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$1J provided byl (used ID) Investlng aetivlile5 (185,129) (59,686) Change In cpsh ond cosh equlyjlents In tbe yeor 324,896 783,983 Cash and eash equlval¢Dls at 1st September 2023 ,711,914 927,931 CAsh and c&sh equlvHlenls at 315t August 2024 18 2036 810 711914 The notes on pages 23 10 34 form part of these financial statements. Company Reglstration No.. 0697468 Docol￿n Envolopl ID.. 8449114WED4ADE4D5C&71&439777EE The Maria Mon￿$s0r1 Trainii)g Organis8tion Financial Statefflent8 31 August 2024 NOTES TO T￿1 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 r￿cIv¢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￿ r￿e1ved. Kxpendliure Expenditure Is recognised once there is a legal or wnsmictive obli￿70￿ 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 attrIt￿ted they h￿¢ been all￿41ed to 4¢livities on th¢ b￿1$ 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 8r￿nt on e4cli activity. These c051$ ¢OIIIPTise all cosls incLirred in connection with ihe piiblic a￿O￿n￿bIlIty of the charity a￿d 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= T￿Pr(￿ve[￿¢nts to owned buildings Iinp¥oveineDts to buildings under licer Office and kitch¢n equipment Computer equipmenl tM)t depreciated depreciatcd 0￿rth¢ 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.. B449l14D48ED4￿￿4D5¢E7lEA39777EE lli¢ Maria Monte550Ti Trai￿l￿g 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¢ organi￿li0n'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 U￿1rUmeI)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 le1￿e. Taxallon The company has no liability lo coyiralion tax due to it8 charitable status. IrrecoYerabl¢ VAT Any iiiEcoverable VAT is ￿￿ed io Ihe S￿then1 of FIn￿ClaI 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 re￿gniSed 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. CL￿trIbUtI￿S￿re ch&rged tothe SlaleineJ)l of FinAnci81 Activities iey becon)¢ payable In accordance ivith ihe sCh￿ne ￿le* C8sh and cash equivalent Casli at bank at)d cash in liand i￿l￿deS cash and short-lenn. highly liquid investments with a short n1?￿rIty of100 days or Current A55el I￿V¢s1￿entS 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 fr*r 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 Dtscus￿n En￿￿pa ID.. 84491141H8ED4ADE.8D5GE71EA39777EE The Maria Montessori TTriniiig Organisalioii Financial Sthteinenls 31 August 2024 NOTlt S TO T￿4 FINANCIAL STATEMEiYfs (CONTINUED) I Pi'incipal Accounting PolReiey (Continued) Crilif al accO￿ntIng 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. ￿)I011ne￿I 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 sch￿1 are holding .gleady and recmitineni of pupils will conlinlie Ihroughout the y¢8r. The orgHntsati{￿ has laken into account iiifl8lionJJy i11c￿ase5 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. Tol*l 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 lo￿1 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 ￿n￿sInC1¢d. 25 Docusign Envek)p8 ID.. 8449114LH8Et)4A0E-8D5C￿1EA39Tl7EE The m￿7& 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 ￿1￿llY 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 UnrC5t￿led 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 alloc￿ed 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 Dep￿claI10￿-ta￿gib1e fixed assety Amortisation- Int￿Ig[ble r￿ed 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.. 84491l4L￿48ED4ADE4o5c-E7IEA39777EE The Moria MoTEtessori Tr8iniiib? Organisalion Financiftl Statenienls 31 August 2024 NOTES TO THE FllNANC￿L 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 o￿lee 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 r￿ed 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 A￿￿USt 2024 1,474,381 12 Creditors: amounts falling due after more tlwn one y￿r 2024 2023 Lease Iiicenlive Provision Deferred Income 81,427 30,100 93,152 110,278 111,527 203,430 30 Docuslgn Envelope ID.. 8449114CN48ED4ADE-8O5C￿7lEA39777EE The Marta Montessori Tiyining OIEanisalion Fin&ncial Statenients 31 August 2024 NOTES TO THE FINANCIAL STATEmE￿s (CONTINUED) 13 Allalysls of Net A&s¢ts between Fun(L8 Unreslricled Restrl¢led Fund5 DesignAle FU￿￿3 General Funds Total Funds Fund bRlances os at 3 IW August 2024 as represented by: Tangible and iniangible fix¢d assets Nel Ciirr¢nt asse1￿1114bllllles) 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.. 8449114D48ED4ADE4DSC￿7lEA3g777EE 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 FU￿d9 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 d￿lation oe£2.001 was received during the year in hI￿o￿r 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 Le￿e8 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-8DSc￿71EA3g777EE 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 child￿n'S House will close with effect fiDm the eiid of sumtner terin 2025 34