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|Executives andAdvisors|2|
|---|---|
|Trustees'ReportincludingStrategic Report|3-ls|
|StatementofDirectors'Responsibilities|l6|
|ReportoftheAuditors|t7-19|
|Statementof financial activities|20|
|Balancesheet|21|
|StatementofCashFlows|22|
|Notes to thefinancialstatements|23-33|





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|ddress these.The key risks, innopar|ticular order, currently fàcingtheorgani|<br>sationareconsideredtobe:|
|---|---|---|
|KeyRisk|Potential lmpacton Objectives|RiskResponse|
|Operationalrisk|Pandemic (egCOVID-19),|Contingencyplans fordeliveryof|
||enforcedschool closure;<br>computerfailure;destructionof|educationremotely;data backup<br>procedures and precautions;|
||property: fraud resultingin|disasterrecoveryplan;|
||financialloss;dataloss; damage|recruitmentofsuitablyqualified|
||to reputation.|staff; DBSclearancefor all|
|||students andstaff; appropriate|
|||policiesandstafftraining;staff|
|||wellbeingresourcesavailable;|
|||insuranceincluding cyber|
|||insurance,financial controls in|
|||place;monitoringofbudgets and|
|||financialresults.|
|Governanceandmanagement<br>structureandskills<br>insufficient tomeet the<br>Organisation'sobjectives,<br>financial resourcesinsufficientto<br>meet theOrganisation'sneeds|Lackofclearplansandpriorities;<br>poorvalueformoney; poor<br>servicedelivery;uncertaintyon<br>staffandboard roles and<br>responsibilities;lossofkey staff;<br>competitionfromother|Strategic plansreviewed<br>annually; monitoringof budgets<br>andfinancialresults;regular<br>SteeringCommitteemeetings;<br>clear understandingofrolesand<br>responsibilities;robust|
||Montessori trainingcentres and|recruitmentprocess;|
||schools|documentationofsystems and|
|||procedures;marketing plan in|
|||place andmonitoringof|
|||competition.|
|Regulatory,politicaland legal<br>changes,compulsoryclosureof<br>school and/orcollege,possible<br>changestocharity's mandatory<br>businessratesrelief,VAT<br>changes.|Lackofcompliancewith<br>govemment regulationsand<br>authorities, includingOfsted;<br>Educational Oversight;<br>withdrawal of collegestatus;<br>withdrawalofhighlytrusted|Key legalandregulatory<br>requirements identifiedand<br>proposed changesmonitored;<br>membershipofumbrellabodies<br>egME(UK),ISBA;Health&<br>Safetyreviews;firesafety|
||sponsorstatusby theUKVI,loss|reviews;delegatedstaff|
||ofstudentsfromEurope,riskto|responsiblefor regulatoryareas;|
||servicedelivery,lossofstudents|monitoringofchangesto visa|
||and/orschool children,costof|requirements and other|
||livingcrisisand increase onfees|internationalstudentissues,|
||relatingtoVATrequirements|introductionofUniversity|
|||sponsoredFoundationDegree,|
|||remote learn ing plans prepared.|





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|Five-year summaryf|ortheyearended|31August2025|||||
|---|---|---|---|---|---|---|
|Incomeand|Account||||||
|fthousand||2025|2024|2023|2022|2021|
|IncomingResources<br>Resources Expended||3,835<br>(3,823)|3,983<br>(4,087)|4,397<br>(3,718)|3,580<br>(3,415)|3,385<br>(3,l5l)|
|NetIncome/(Expenditure)||12|(104)|679|165|234|



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|alanceSheetExtract||||||
|---|---|---|---|---|---|
|f, thousand|2025|2024|2023|2022|2021|
|FixedAssets|8,552|8,565|8,424|8,432|7,797|
|CurrentAssetslessLiabilities|r89|165|410|(277)|r93|
|Funds-|15|7|5|2|5|
|Funds-Unrestricted|8,726|8,723|8,829|8,153|7,985|



## 

|umbers ofstudents andchildren||||||
|---|---|---|---|---|---|
|No|2025|2024|2023|2022|2021|
|Students3-6Course|75|47|79|94|96|
|Students0-3Course|t7|t7|l5|l9|31|
|2 Course|37|35|40||22|
|Assistants/OrientationCourses|206|206|254|343|441|
|OtherCourses and Workshops|238|427|661|476|772|
|School children|185|204|210|194|187|





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|||||Financi<br>3l|alStateme<br> August20|
|---|---|---|---|---|---|
||Statement ofFinancial Activities|||||
||f,'or theyear|ended 31August2025||||
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|Income andExpenditure|note|f.|f|2025<br>t|2024<br>f|
|Income||||||
|Incomefrom charitable activities:<br>Course andotherfeesreceivable|2|3,589,896||3,58e,896|3.863,228|
|Incomefromgenerated funds:||||||
|Donationsandlegacies|3/I4|200,245|8,254|208,499|72,895|
|Interest receivable||29,421||29,421|41,048|
|OtherIncome||7,053||7,053|6,270|
|TotalIncome||3,826,616|8,254|3,834,870|3,983,441|
|Expenditure<br>CharitableActivities|4|3,823,035||3,823,035|4,087,530|
|TotalExpenditure||3,823,035||3,823,035|4,087,530|
|Net Income(Expenditure)|6|3,582|8,254|11,835|(104.089)|
|Balancesbrought forwardat<br>1September2024|t3|8,722,884|6,516|8,729,400|8,833,489|
|Balancescarriedforwardat|t3|8,726,466|14,770|8,741,235|8,729,400|
|31August2025||||||





|||2025|202s|2024|2024|
|---|---|---|---|---|---|
||note|f,|f|c|f|
|FixedAssets||||||
|IntangibleAssets|I|76,442||68,700||
|Tangibleassets|9|8,475,687||8,495,990||
||||8,552,129||8,564,580|
|CurrentAssets||||||
|Debtors|IO|525,972||134,131||
|Cashat bank andinhand||866,986||2,036,810||
|||t,392,958||2,t70,941||
|Creditors:amountsfallingduewithin|il|(1,033,072)||(1,894,594)||
|oneyear||||||
|NetCurrentAssets(Liabilities)|||359,886||276,347|
|TotalAssets LessCurrentLiabilities|||8,912,014||8,840,927|
|Creditors:amountsfallingdueafter||||||
|More thanoneyear|I2||(l70,780)||(rtt,s27)|
|TotalNetAssets|||8,741,235||8,729,400|
|Funds||||||
|Restricted funds<br>Unrestrictedfunds|I4||t4,770||6,516|
|General<br>Designated|t4||7,443,526<br>t,282,940||7,439,944<br>1,282,940|
||l4||tiryEr||8,729,400|





## 

|||Total funds|Total funds|
|---|---|---|---|
|||2025|2024|
||note|r.|s|
|Cash FlowsfromOperatingactivities:||(1"114.618)|5 t0-025|
|Netcashprovidedby/ (usedin) operatingactivities|17|(1,114,618)|510,025|
|CashFlowsfromInvesting activities:||||
|Interest||29,421|41,048|
|Purchaseof FixedAssets|819|(84,629)|(226,r77)|
|Net Cashprovidedby/ (usedin)investing activities||(55,207)|(185,129)|
|Changeincashandcashequivalentsinthe year||( 1,169,825)|324,896|
|Cashandcashequivalentsat1September2024||2,036,810|1,711,9t4|
|Cashandcashequivalents at31August2025|18|866,986|2.036.810|





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||TotalFundsTotatFunds|TotalFundsTotatFunds|
|---|---|---|
||2025|2024|
||r.|r.|
|SchoolFees;|||
|GrossFees|3,10I,963|3,186,285|
|Bursaries/Discounts<br>CovernmentGrants|(402,331)<br>87,618|(302,80e)<br>107,660|
|Other School Income|87.926|34.360|
|CourseFees:|2,875,076|3,025,496|
|GrossFees|780,822|qoq?ss|
|Bursaries/Discounts|66.002)|(7t.623]'|
||714,820|837,732|
||3,589,8963,863,228||





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|4Direct Charitable Expenditure|||||
|---|---|---|---|---|
|2025|DirectStaffCosts<br>Costs||AllocationofTotalFunds<br>Administration2025||
||f|f|Costsff||
|Salaries andsocialsecurþ<br>Course Salaries||427,002|155,332|582,334|
|Schoolsalaries|1,271,871||462,673|t,734,544|
|Catering|177,t20|59,332|53,931290,382||
|Teachingaids, materials and other direct<br>expenses<br>Examinationcosts|16t,948<br>l19||,q{qq|191,547<br>ll9|
|AMIfees|7,482||1,366|8,849|
|Propertycosts|762,595||139,272|901,867|
|Advertising|62,164||11,353|73,517|
|GovernanceCosts|25,517|14,358||39,875|
||1,196,9441.772,563||853,5263,823,035||



## 

|2024|||||
|---|---|---|---|---|
||DirectStaffCosts||AllocationofTotalFunds||
||Costs||Administration2024||
||||Costs||
|Salaries andsocialsecurity|||||
|Course Salaries||618,774|I56,804|775,578|
|School salaries||I,407,311|356,627|1,763,938|
|Catering|198,356|54,220|28,I58|280,734|
|Teachingaids, materials and otherdirect<br>çxpenses|107,625||7,824|115,449|
|Examinationcosts|5|||5|
|AMIfees|41,493||3,016|44,509|
|Propertycosts|9ll,l52||66,231|977,383|
|Advertising|78,249||5,688|83,937|
|GovernanceCosts|25,582|20,415||45,997|
||1,362,4622,100,720||624,3484,087,530||





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## 

|AdministrationCosts||||
|---|---|---|---|
|2025|UnrestrictedRestrictedTotalFundsTotalFunds<br>Funds Funds<br>20ZS<br>2024|||
|Salaries<br>AccountancyandPayroll<br>Legaland Professional<br>Inspection and accreditation<br>Montessori Education(UK) Limited<br>StaffLifeAssurance<br>Travelandsubsistence<br>Printing,postage and stationery<br>Telephone<br>Sundry<br>Archivingand study centrecosts<br>Bankcharges<br>Subscriptions<br>Bad debtexpense<br>Recruitment<br>LicenSes<br>Depreciation<br>Amortisation<br>Redundancy|f<br>573,747<br>9,527<br>51,872<br>f<br>720<br>8,681<br>53,293<br>19,191<br>11,026<br>30,807<br>3,600<br>2l,183<br>5,786<br>1))<<br>9,628<br>t4,626<br>22,434<br>6,366<br>3,814|r,<br>573,747<br>Qa)'7<br>51,872<br>720<br>g,6gl<br>53,293<br>19,l9l<br>tl,026<br>30,807<br>3,600<br>2l,lg3<br>5,786<br>7,225<br>9,628<br>t4,626<br>22,434<br>6,366<br>3,814|f,<br>363,062<br>9,624<br>59,026<br>25,173<br>756<br>7,176<br>33,17s<br>22,208<br>II,361<br>16,03I<br>2,988<br>19,605<br>4,481<br>8,739<br>7,942<br>I1,356<br>21,640|
||853,526|853,526|624,348|



## 

|et MovementsinFunds|||
|---|---|---|
||2025|2024|
|Thenet movementinfundsisstatedafter charging:|Ê|f|
|Auditors'remuneration:|||
|-current year<br>-In respectofotherservices<br>Depreciation-tangiblefixedassets<br>Amortisation-intangible fixedassets<br>Loss/(Surplus)on Disposalof FixedAssets|25,517<br>90,7t4<br>6,366|25,582<br>6,646<br>85,501|
|OperatingLeases|37s,320|375,320|



## 

||2025|2024|
|---|---|---|
|Staffcostsduringthe year wereasfollows|f,|f,|
|Wagesandsalaries<br>Socialsecuritycosts<br>RedundancyCosts<br>PensionCosts|I,885,23I<br>214,145<br>3,914<br>5t.437<br>2,t54,627|)o))')<t<br>207,084<br>8,106<br>53.291<br>,,::!::|





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|henumb<br>ere:|e|rofemployees whosebenefìtswere over|f,60,000 duringtheyear(excludingemploye|r pension|
|---|---|---|---|---|
||||2025|2024|
||||number|number|
|f80,000|-|90,000|I|0|
|f70,000|-|80,000|2|2|
|f60,000|-|70,000|0|2|



## 

|8<br>lntangibleAssets||
|---|---|
||IT|
||Development|
||f,|
|Cost||
|AtISeptember2024|133,940|
|Additionsin theYear|14,108|
|Disposalsin the Year|(65,240)|
|At31August2025|::':,,'91|
|Amortisation||
|At ISeptember 2024<br>Disposalsinthe Year|65,240<br>(6s,240)|
|Chargeforthe Year|6,366|
|At31August2025|6,366|
|Net Book Value||
|At31August2025|76,442|
|At3lAugust2024|68,700|





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||||Office|||
|---|---|---|---|---|---|
||||and|||
||Freehold|Building|Kitchen|Compute||
||Landand<br>Buildings|Improve<br>ments|Equipme<br>nt|r<br>&IT|Total|
||f,|f,|f,|c|f,|
|Cost||||||
|AtlSeptember2024|6,603,789|2,246,691|146,650|52,686|9,049,816|
|Additions||59,685|10,836||70,520|
|Disposals||||||
|At3lAugust2025|6.603.789|2.306.376|157-486|s2.686|9.120.?i6|
|Depreciation||||||
|AtISeptember 2024||405,667|108,71I|39,559|553,936|
|Chargeforthe year||68,279|16,977|5,457|90,714|
|OnDisposals||||||
|At3lAugust2025||473,946|125,688|45,016|644.650|
|NetBook Value||||||
|At3lAugust2025|6.603.789|1.832.429|3t.797|7.671|8.475-687|
|At3lAugust2024|6.603.789|t.841.024|37.939|13.t27|8.495.880|



## 

|10Debtors|||
|---|---|---|
||2025|2024|
||f|f|
|Trade Debtors|137,291|62,399|
|Provision forbadanddoubtfuldebts|(1e,691)|(34,t66)|
|Prepayments and accrued income|133,t49|71,421|
|Otherdebtors|)1<))7,|34,47'7|
||525,972|134,131|





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|11Creditors:amountsfallingduewithinoney|ear||
|---|---|---|
||2025|2024|
||f|f|
|Tradecreditors|130,051|98,251|
|Social securityand othertaxes|44,519|48,358|
|Accruals|85,360|131,233|
|Deferredincome|626,966|t,444,281|
|School deposits|13 I,900|141,125|
|Othercreditors|14,276|31,346|
||1,033,072|l,s%,5%|



|Deferredincome relatestocourse fees andschoolfeesreceived|inrespectofthefollowingyear|
|---|---|
|Balanceat1September 2024|1,474,381|
|Feesreceived inadvance|626,966|
|Releasedtostatementof financial activities|(1,474,381)|
|Balance at3IAugust2025|626,966|



## 

|12Creditors:amountsfallingdueaftermoret|hanoneyear||
|---|---|---|
||2025|2024|
||f.|f,|
|LeaselncentiveProvision|69,704|81,427|
|DeferredIncome|101,076|30,100|
||170,780|111,527|



## 

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||Restricted||Designated|General||
|---|---|---|---|---|---|
||Funds||Funds|FundsTotalFunds||
|||f|f.|c|f|
|Fundbalancesasat3lAugust2025||||||
|asrepresented by:<br>Tangibleandintangible fixedassets|||7,950,839|601,290|8,552,129|
|Net Currentassets/(liabilities)|t4,770|||345,116|359,886|
|Creditorsfallingdueaftermorethan||||(170,780)|(l70,780)|
|oneyear||||||
|TotalNetAssets|14,770||7,950,839|775,6268,741,235||





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||Restricted|Designated|General||
|---|---|---|---|---|
||Funds|Funds|Funds|TotalFunds|
|Fundbalancesasat3lAugust2024|f,|c|f|f,|
|asrepresented by:|||||
|Tangibleandintangible fixedassets<br>Net Currentassets/(liabilities)<br>Creditorsfallingdueafter more than|6,516|7,867,924|696,656<br>269,83t<br>(111,527)|8,564,580<br>276,347<br>(111,s27)|
|oneyear|||||
|Total NetAssets|6,516|7,967,924|954,960|8,729,400|



## 

|14Funds|||||||
|---|---|---|---|---|---|---|
||Balance||||||
||Bifwd|IncomeExpenditure||Transfers|||
||f|f,|f|f||Total<br>f,|
|UnrestrictedFunds|||||||
|General<br>Designated-assets<br>Designated-Bursaries|7,439,944<br>1,263,584<br>500|3,826,6t6|(3,823,035)||7,443,526<br>1,263,584<br>500||
|Designated-Other|18,856|||||I8,856|
||8,722,884|3,826,616|(3,823,035)||8,726,466||
|Restricted Funds|||||||
|HelpTheChildrenProject<br>Born InsideProject<br>Bursaries<br>Adolescent Project<br>PDevelopment<br>DonationsCofH|2,203<br>2,312<br>2,001|3,003<br>3,326<br>75<br>1,025<br>825||||5,206<br>5,638<br>2,001<br>75<br>1,025<br>825|
||6,516|<br>8,254||||14,770|
||8 729,399|3,834,870|(3,823,035)||I,|741,235|



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|At3lAugust2025fhecharityhadtotal commitmentsunde|r non-cancellableoperatingleasesasset|outbelow:-|
|---|---|---|
||2025|2024|
||Landand|Landand|
||Buildings<br>Êf|Buildings|
|OperatingLeaseswhichexpire:|||
|WithinIYear|324,320|351,725|
|Within2-5years|425,625|609,013|
|>5Years|45,500|91,000|
||795,445|1,051,738|



## 

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|17Reconciliationofcashflowsfromoperatingactivitie|s||
|---|---|---|
||2025|2024|
||f|f|
|Netincome(expenditure) forthereportingperiod|I 1,835|(104,08e)|
|Adjustmentsfor:<br>Depreciationandamortisationcharges|97,080|85,501|
|ProceedsfromdisposalofFixedAssets|||
|Dividends,interest and rentsfrominvestments|(2e,42t)|(41,048)|
|(Increase)/decrease in debtors|(3e1,841)|51,023|
|Increase(decrease) in creditors|(802,270)|518,638|
|Netcashprovidedby(usedin), operatingactivities|(l,r14,618)|510,02s|





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||2025|2024|
|---|---|---|
|Cashinhand<br>Noticedepositslessthan100 days|f<br>205,212<br>661,774|t<br>212,096<br>1,824,714|
|TotalCashandcashequivalents|866,996|2,036,910|