Company no. ￿531204
Charity no. 313636
Montessori St Nicholas Ltd
Report and Audited Financial Statements
31 August 2025
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A12
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COMPAAIES HOUSE

IAontessoTi St NiclK)las Ltd
Reference and administrative detai15
For the
ear ended 31 Au
ust 2025
Company number
00531204
Charity number
313636
Registered office and
operational address
33 Colslon Avenue
Bfislol
EnglarKI
BS14UA
Trustfjes
Trustees. who are also direct￿5 under company k2w. who served during
the year and up to the date ofthis iewl were as fdlows..
S Priestley
J Beagelman
J Clarke
A EMghei
S Foster
G H(hvlett
S Jotwani
M Patel
S Sidhu-Robb
S Thomas
S Young
Chair
apwnled 12 Februory 2025
reS￿ned 28 November 2024
aFWin1￿ 12 February 2025
appointed 8 November 2024
appointed 12 Febwary 2025
arwiinled 8 Novemb& 2024
gned 12 April 2025
reggned 13 February 2025
appointed 8 November 21r24
Chief exocutive officer Karen Cl￿d
Bankers
HSBC Bank PLC
POBOX 1EZ
196 Oxford Street
London
W1C 1NT
Audltors
Gcthy Wlson Limited
Chartered accourrtants and statutory auditors
5th Fk￿r Mariner House
62 PrirKe Street
Brist
8S14QO

Montessori St Nlcholas Ltd
Report of the truste•s
For the
ear ended 31 Au
ust 2025
Reference and administr￿Ve information set wt on poge 1 f￿5 pwl of Ihis rep)rL The financial
slalements comply wth current statutory requirements, the Memorandum and Articles of Association
and the Statement of Recommended P￿kn￿- Accounting and Reporting by Charilvds (effective from
January 20191
ObjKtives and activities
The main objects for wh￿h the Charty is establtshed are."
To encourage and promcle education in every way. in particular the education of children in
accordance with Ihe phikjsophy and methc¥Js of the late Dr Mafia Montessori, by faciliL*ing the
unrfication of the Montessori movement across the UK. provKling le￿an1 training and funding
research into the value and effectNeness of mon￿ èJu&**)n. and makiThJ awards to support the
development of Montessori educatKsn.
The Chardy a¢hieves these obiectTrRs through a wiety of small•scabe innovations and research
collaborations including relalK)nships with, and grants to. alKJned organisal¥)ns including St Ni¢hofa$
Montessori Training Ltd. trading as Montessori Centre Internat￿nal IMCI},' ￿unlerpartS across the
world in regional. nalionai and intemalional project ￿￿t￿1n9 wilh families. piofessionas. young peopi8
directly and cunmunty providets.
For al pr￿tICal activty aThJ branding. Ihe Charity. toJether V•ith its trading subsidiary, St Nicholas
Montessori Training Ltd (MCII. a￿ coll&tNety kno•m as Montessori Global Education.
The trustees c￿fin￿ they have had regard to the Charty Commissh)n's guidan￿ on the Pthlic
Benefrt requirement under Ihe Ch¥ii*s AL# 2011.
Through 2024-2025. the charity reliforced its commitment to a long-temi vision for m￿lesson to
become accessible and availab￿ wherever il is ne&Jed in the The benefrts to wider
cc¥nmunty. young p&)ple and their famil*s and an evolution of a leaming landscape that can
represent a truly leamer-fccussed v￿, is the future Montessori Global Educatson envisions. The
organisation's services. products and inrtkn are al focussed on this mission. presenting a
sustainable model of Montessori for 2025 and beyond.
Now Mid-way through the 5-year operational plan for transforming the organisalK)n and securing its
positive S(￿la1 impact strategy. the Iraiectory of Ihe bLtsiness actNities and in￿le streams are
emerging finnly alMJned to the cole missbjn - to advance the INes of ehik1ren and Y￿fig peop
eVer￿ere through the power of the Montessori Approach to edLK*ion.
Achievements and perforniance
Lrd(ing bxk on our inrtwl year of &tNity under CEO ￿ade￿hip by Karen Chetswd. 20242025 ha5
given ts'me and f¢xys to refreshing the organisalh)n and ris tsperat￿n$. Prepallng a lean operating
mc•Jel with resources dedicated lo where they are n*ded most and Can have most beneficial impact,
has been Sunil￿nI for monitcrring and managing costs across the organisation. The team have
continued to focus on preparat￿n and presentalw)n of the most efficienl and hHJhqualty educational
training seThiees and portfol￿ of C£￿r$eS and QuaIrf￿￿K>ns for our aJdIer￿eS globalty.
Our nelworks, communjty of members {both indi¥iduals 8rKI businesses). key eonlxts and ￿Ure
collaborators has grown 5ignrficanlty in number and commitment this year. We continue lo see a
growing interesL engagement and spirit of partnership in all thal we offer lo our audiences.

Montessori St Nicholas Ltd
Report of the trustees
For the
oar end￿ 31 Au
ust 202S
CollaboratNe projects have i￿luded our initial V￿rk wth HundrED. a fourKlalNJn focused on helping
every ehild flourish through education innovation and pfalf¢)ming and supporting many impactful and
scalable education innovatKJns WOrfo￿1de. We partnered with HundrED to deliver a themaltc Spollighl
(project and research Call) to impactfvl and scalable children-centred edueation innovations.
This woth concluded this year. and Monles50ri Gb)bal Educat￿ has continued to work wfth
numerous innovators and project initth'ves lo champion and support their ongoing chihl<enlred
pracliees.
Our educational prc*Jrammes and initi*Tves have continL*d to grvw, paving the ￿￿Y for launch of
various nthv courses and innovations in 2025r2026. These include potential initsatsves for action
research focus. support for familie5 ar￿1 parents at the earl￿1 stages of lrfe with new baby, and
mentoring and coaching provision, across Education and alNJned industrie5. We conlinve to work
collaboralivety with the Earty Chiklhood Hub project from the Chartered col￿ge for Teaching which
hosts content by and for ea￿Y ¢hildhcxyJ education pracbtioners, wth a on pedagogy and
practice in earfy chiklhood educal¢on.
Our core Profession81 RttognitTon model of educabonal swwces aTrJ SLWPOrt to professional
communty. continues to gr(A¥. STAR Acu&Jrtation, Approvals and Endorsements are more popular
with ¢)ur audiences this year, and c¥Jr commthenl to offeriry suilable and sustainabk practice lo
val*J Standards. Training. Accredrtation and Rewew processes across the sector is being met
positively by applicants, month on month. This year. STAR has educatM)nal services and resources
are recognised across the UK, and Eurcpe, Africa {Ghana, Nueria, Zimbabwe). UAE. Mexico.
Indonesia, Hong Kong, Arnef￿a. Lebanon and Abania- lo name a few.
The last 12 months has represerrted a strong grry￿h in c¢wations, focus and cunmitmenl, spurred
on from ￿r"TranS￿on Year 2023r2024'. This ha5 been our"Year of OpportunW and 202412025 has
presenled sHJnrficanl adva￿e$ in tyjr preparatKm forthe fwm fvtUTe of our organisation.
We continue lo benefit frcrfn excepb"onalty strong professional relalionships in place with independent
contractors, assessors," mtraefators aThJ extemal adwsors. Engaging ￿th these represenlalives
Continues to ensure th* we have the best possible resources lo call upon as and when needed,
introducing flexibilty of Cost base and the abilty to Sca￿ &tivity when required.
The future is br￿￿ht. and V*P k)ok fcrfward to 202¥2026 to cJ)ntinue ￿r mcrfnentLwn and secure our
pathway to further ¢c￿neCt￿nS arKI collaborations to Secu￿ our vision for Montessori Global
Educal*)n.
ST NICHOLAS MONTESSORI TIiAINING LTD, TRADING AS MONTESSORI CENTRE
INTERNATIONAL IMCII
MCI undertakes charitable objectNes on behalf of MSN through a grant artard agreement which
rev￿Wed and agreed annualty. The agfeement details the annual value, terns and eondi(ions of the
grant, and details objeth'ves whKh musl be ach￿ved. Regular reporting i8 prepared the trustees of
MSN which includes variance anatysis of the grant ￿ard to dale and a forecast for year end. To the
extent there is any unused grant at the end of the year, this is either refunded to the Charty or rtsl￿d
forward to the following year. su￿.eCt lo a further grant agreement being entered into. The amount of
grant awarded during the ￿arvrds £225.000 (2024.. £594.¢YJ)).

Montessori Sl Nlcholas Ltd
Report of the trustees
For the
ear ended 31 Au
ust 2025
The Chief ExecutNe of the Chariy is also the Char of the MCI Board as shareholder representative
ol the parent charity to ensure transparery arwj clear c4jmmun1catK￿ betsEen the Charity and MCI.
Financial r8view
The results presenled in the Annual Report and Aceounls are presented under Finaneial Reporting
Standard 102 IFRS 1021 and Slatemenl of Recommended Prxlti.. Accounting and Reporting by
Charities preparing their ￿untS in aC￿rdan￿ wrth the Financial Repth'rg Standard applicable in
the UK and RepUb￿C of Ireland (FRS 102) (Ihe SORP,).
The revÈw relales to the Montessori St Nithdas grc#Jp of companies, being the Charty, Montessori
Sl Nicholas Ltd, and its sub$Kliary company of St Nichoks Montessori Trainirg Limited, trading as
Montessori Centre Intemational IMCII. Longacre Childeafe Limrted {LCL) was a subsidiary in 2022.
wh￿h has ceased trading and has since been ¥￿Und w.
Flnanclal PerfOrn￿nCe
Total income for the year t¢Xalled lo £279k. Thi5 include5 an investment income of Z89k. Total
operating Costs for the ye* were £907k before deprecation and gains on investment. Net cperab'ng
expenditure after depreciation and m¢)vemenls on investments was £976k. The ebsing book value of
the investments were £3.333m in 2025 (£3.922m in 20241. Considering the importance of MCI lo the
Charity in achieving its charitsble obj'ects. the tw$lees have agreed giant funding lo MCI of £225k to
support rt in delivering ts ￿lI¥￿Ie5 for the 2024r2025 financial year. This furKling agreement is based
on an agreed business plan for the t￿) orwusatwjns restricts MCI'S use of the grant to
charitable xlivities.
Balance sheet
Consolidated net assets at the b*rrte sheel date V￿re £3.469m 12024.. £4.112m). the decrease
reflects'ng Ihe net expendituie in the ypar a5 dwribed abo4e."There were no restricted or designated
reserves al the bala￿e sheet dale.
The investments balan￿ 01 £3.333m is shcwn in fixed assels in accordance with the SORP because
rt is the Charrtls inlenlKJn to hokl the investments for a pervj of more than tsvelve monlhs, to
generate investment retum, htywever the investment portfolp) L8 hdd enth'rety in liqu￿ funds. which
Ikjws any prOp￿.On of the investment to be realtsed in cash in knss than 30 days as
reqijired.
Cash at bank on 31 August 2025 was £4k (2024: £212k).
Reserves and current financial position
Group funds hekl on 31 August 2025 aMC￿nted to £3.469m 12024.. £4.112m}. all of ￿1th were
unrestricted.
As Ih"e financial str*egy continues to evcth, the trustees are det￿Min1r￿j the appropriate level of
reserves for the organisth"on. Al the end of the ev￿nI financial year. The Trustees did not aim to
maintain a minimum level of unrestricted reserves but required hdding suffiaenl cash or highty liquid
investments wh￿h equ*e to at least three months, govemance and support ensts and lo cover
ct*ligalions whth are to fall due.

Montossorl St Nicholas Ltd
Report of the trustees
For the
ear ended 31 Au
ust 2025
PRINCIPAL RISKS AND UNCERTAINTIES
Our corporate risks refled the financial. legal and regulatory risks associated wlh our day-to-day
operations. The Exetsjtwe Team makes a preliminary assessment of the wporate rt5ks. The
Finance, Audr( & Risk Commrttee IFARCol conb.nues to oversee the progrèss of management
actions via the Corporate Risk Register, receives regular reFKffts and rec(wnmends changes to the
Risk Register where appropri*e al regukr commrtiee meetings.
The key strategi risks are
MCI is not able to carry out the tharrtable actmties of the Charty on its beh*Jf as planned. An
unforeseeable event causes stqnffj￿fiI disrupbon and impxt on the oPe￿Onal performance of
the charity andlor MCI",
External econom￿ & polit￿ factots. Infiabon and hL74¥ the pound is continuing to perfonn pcorly
against other currencies.,
MCI'S financkol performance 15 fwatNety impacted by sector or gkibal charges or Situat￿nS
affecting study and work models" and
Financial lumaround for MCI does not happen as quickty as required, as limited by the reseNes
Fosth"on. The planned finaneial perf¢)man¢e of investments does not take place. or is less
successful than hoped,. and fundraising athity is less successful than ant￿ipated going forwards.
Stru¢turei governance and management
The Charity. Montessori St Nichok7s Limrted. is a company lintted by guarantee (incL)￿orated on
29th Mareh 1954) company no. 531204. and a registered charity. no. 313636. regulate(I by the
Charity Commission. The ChariVs name was changed from Sl Nicho]as Training Centre for the
Montes50ri Melhtrl of Education Ltd on 3 tknember 2020. The Chaws main govern¥￿ document is
its Articles of AsKKiation which were fully upd*ed on 14 October 2022.
The Board meets at least four limes per year and the Finance, ALKif( & Risk Commrttee meets four
limes per year. Day to day management cl the charty is de*ated to the Chtef Executwe. The Chief
Executive regulaty reports lo the Board of Truslees on the pro9￿5 of key matters.
When a vacancy arises. new trustees are recruited by extemal recruilment and by exisltng trustees
reaching out to personal nelworks. The rectuilment process indudes an introjuctorylinfomal
meeting with the Chief Executive. followed by fomal meetings With tr+e Chair of Board of Trustees
and other Trustees as appropriate. New twstees need to be formalty appointed and r*ffied by the
Board of Trustees tluring the Board Meeting. c￿nPletIOn of doeumerts as requested legally by the
Charity CommBsion is mandatcKy.
Induction of new trustees is undertaken by the Ch￿f Executive (who fomards an induction pack), the
Company Secretary. and the Finance Team. Tnjstees are gNen copies of the Articles of Association
and the Charity commiss￿n's guidance CC3. The Essential Trustee,. Trustees are signp051ed to
relevant Iraning opportunitEs during year by the Chief Executive.
During the financial year 2024-21Y25. the Boar(I rep￿ts that SIX new directors have been appjinted.

ontessorl Sl Nicholas Ltd
Report of the tNstees
For the
ear ended 31 Au
ust 2025
How executlve pay Is sol
Our overall pJicy on pay and reltsid is approved by the Board of Tntste8$, and this includes
reviewing and approving recoMMendat￿n$ from the Chief Executs"ve regarding the Team's
remuneration. The organisalional Fo1￿Y on pay ¢)perates mindfully. taking into account financial
capacty of the organisat￿n and its sustsinabilty. and the wider extemal environment and r¢ses in the
cost of living and inflati¢)n. The Charty makes a eost-of4rving rise lo all staff each year and may gNe
an additional increase based on perfomiance.
The process for setting the pay of the Chief ExecutNe is set out in an approved for the Board of
Trustees. 11 details that a group of truslees meet as a reMUnerat￿n committee of the Board to
discuss pay recommend81*)ns. The Board of Trustees may also commission an extemal HR
consultant to cary out a sakry benchmarking eXe￿iSe shared wlh the Trustees. The appraisal of the
ch￿ Executwe and the benchmarking recommerKlations are revIev￿d by trustees who come to a
decision on Ihe performance reLated ekn)enl of any pay award.
Statement of responsibilities of the Iwstees
The trustees (who are also directors of the charty for the puwes of oynpany law) are responsible
for preparing the trustees. ￿pOrt and the financial statements in accordance with applKable law and
United Kingdom kcounling Standards. including Financial Reporting Stsndard 102.. The Financial
Reporting Sland8rd applKable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Pra￿tce}.
The trustees are required lo Prepa￿ ffinarKial slalements for each financial year, ￿lch give a Irue
and fair view of the slate of affairs of the charty and the group and the inC￿ning resources and
8pplicalion of ￿SourCes, including the net income or ex[￿ditY[e, of the charty and the group for the
year. In preparing those financigl statements the tTU$tees are required to..
select suitable accLJunting polieies and then apply them consistent￿.
obseThe the methods and principles in the Charthes SORP.
makejudgements and 2ccountr.ng esb"mates that are reasonable aTrJ ptudenL
state whether applicable ￿￿￿ntIr￿j standards and Statements of re￿mmended Practi￿ have
been folbwed, subject to any material departures dL%ch%ed and expkined in the fInar￿Tal
Statements.. and
prepare the finarKral slalements on the going concern basis unless * is inappropriate lo presume
that the charity will continue in operation.
The Ifuslees are responsible for keeping prtyr ￿coUnting records which disclose reasonable
accuracy at any lime the finanoal position of the charty and the group and Ithich enable them lo
ensure th* the financial staternenls compty wih the Cornpanies Act 20C6. The trustees are also
responsible for safeguarding the assets of the charity and the group and henee for taking reasonable
steps for the prevention and detection of fraud and olher irregularilies.
In so far as the trustees are wware..
. there is no relevant audr( infomiatM)n d wh￿h the ch¥itable companls audrtors are unaw*:
and
. the trustees have taen al steps that they Oug￿ to h￿e tsken to make themselves aware of any
relevant audit infomiatK)n and lo estsblish that the auditcws are awa￿ of that infoffnalion.

Montessori St Nlcholas Ltd
Report of the trustees
For the
ear ended 31 Au
ust 2025
The trustees are responsibk lor the maintenance and int￿rity of the corporate and financial
infofmalion included on the Charitab￿ compan￿5 Website. Legislat￿n in the United Kingdom
goveming the preparation and dissemination of finan￿al statements may differ from legislation in
olherjurisdiclions.
Members of the charity guarantee to contribute an am¢)unt not exee&Ying £1 to the assets of the
charity in the event of winding up. The trustees a￿ Membe￿ of the charity bul this entitles them only
to voting rights. The tru5ttts have rni beneficial Inte￿$t in the chty.
Audito
Godfrey wils(￿ Limited were appointed as auditors to the group and parent charity during the year
and have expressed their Willingr￿SS to continue in that capacty.
Approved by the truslees on 9 February 2026 and sign&J on their behalf by
Simren Priestley- Chair

Independent auditots. fvport
To the members of
Montessori St Nicholas Ltd
Oplnlon
We have audrted the financ￿ statements of Montessori St Nicholas Ltd Ilhe 'parenl ¢harill} and its
subsidiary Ilhe 'group'l for the year ended 31 AugLtsl 2025 which comprise the consclidaled
slalemenl of finarKBI aclmlies. consolidated and parent charity balance sheets. consolidated
slalement of cash flows and the rekqted notes to the financral siatemenls, including a summary of
signrfieant accountir¥J polKies. The finan￿?1 reporting frame•voth that has been applied in their
preparati¢)n is applicable law and United Kingdom Accounling Standards. including Financial
Reporting Standard 102." The Financk41 Reporting Standard applicabbe in the UK and the Repthlic of
Irdand (United Kingdom Generalty Accepted Accounting Praclitel.
In our opinion, the financial statements..
give a true and fair view of the stale of the grcyjp and parent chantys affairs as at 31 August 2025
and of the group's incoming resources and apP1KaThc￿ of resour¢es. including its inccthe and
expendtture, for the year then ended:
have been property prepared in accL¥dance with United Kiry(k)m Generalty Accepted Accounting
Practice." and
have been prepa￿d in accordance wilh the requirements of the C<Mnpanies Act 2006.
Basis for opinion
We conducted our ￿￿1t li accordance vilh Internabonal Standards on Auditsng (UK) IISAS {UKI) and
applicab￿ law. Our resFonsibilrties under those standard5 are further described in the Audilorfs
responsibilities for the audrt of the financial statements sect¢on of our report. We are independent of
the group and pa￿nI charty in accordance with the ethical requirements that are ￿levant to our audit
of the financ¢al slalements in the UK. including the FRC'S Elhul Standard. and the provisions
avaitable for small entities, in the circumstances set out in note 6 to the financi81 statements. and we
have fulfilled our other ethical responsibilities in accordance wlh these requirements. We beI￿ve that
the audrt evklenee we have thined is SUff￿ent and appropriate to pTovryJe a basis for our ¢)pinh)n. '
Conclusions r•latlng to golng concern
In auditing the financial slatemenls. ￿ have ￿ncluded that the trustee5' Use of the going concem
basis of accounting in the preparatKJn of the financkql statements is appropriate.
Based on the work we have perfoffned. v* have ncrt MIentrf￿ any m*erial uncertainlEs relating lo
evonls or conditK)ns that, indiwdually or collectrvely. may wt signifKant doubt on the group and
parent charl￿$ abilty to continue as a g￿ng con￿rn for a of at least twelve months from
when the financial statements are *Jthorised for issue.
Our resFonsibilities and the responsibilrties of the intstees ￿ryth respect to going concem are
descfibed ￿ the relevant See￿n$ of thi8 rep(x1.
Other information
The other information comprises the infomiation induded in the annual repwt other than the financial
slalements and our audrtorfs report Ihereon. The trustees are responsible for the other infomation.
Our opinion on the financk41 stslemenl$ does not coverthe other infomiation a￿. except lo the extent
otherwse explicitty ststed in our report. we do not eypress any fomi of assurarKe conclusion thereon.

Independent auditors. report
To the m•rnbets of
Montessorf St Nicholas Ltd
In connection with our ￿dit of the finanaal ststemenls. our re5ponsibilty 1$ to read the other
information and. in doing so, consider whether the other information is Material￿ inconsistent %Mth the
financi￿ statements or our krKpw* Obtain￿ in the audit or othewse appears to be malerialty
misstsled. If we identify such material inconsistencies or apparent material misstatements, we are
required lo determine whether Ihere K8 a material mi5Statemenl in the financial slalements or a
malefial mtsstatemenl of the other inf0m)at￿•. If. based on the work we have performed. we
conclude that there 1$ a materkql misstatement of this other informatK)n. * are required lo report that
fact.
We have nothiRg lo report in this regard.
Opinion on olhef matters pr8xribed by the Companie5 Act 2006
In our opinion, based on the woth urKlertaken in the course of the audil".
. Ihe information gNen in the trustees. reFK)rt. ￿lCh includes the directors. report prepared for the
puTp(Ises of company law. for the financial year for vthich the financral statements are p￿pared is
consislenl %wth the finanryal slalemenls.. arKI
- The directofs, report induded within the truslees. reFQrt has been prepared in xcordance with
applicable legal requiremenls.
Matters on whlch we are required to report by ex￿ptI0Th
In the light of the knowledge and understanding of the group and parent charity and their enwronmenl
obtained in the course of the audrt. we have not identsfied material misslatemenls in the directors,
report included wrthin the Iruslees. ￿N)rt. We have nclhing to report in respect of the followng
fflatters in relat•)n lo vknich the Companies Act 20￿ requires us to repJrt lo rf, in our Opin￿n..
"'adequate accounting records have not been kepl by the parent charity. or relLbrns adequate fc¢
our audit have not teen weNed branches not ￿rted by us," or
.. the parent charAy finan¢ial sLqtements we not in agreement with Ihe accounting rewrds arKI
returns., or
. eertain disdosures 0ftruste￿. remuneration by I￿ are not made.. or
. we have not receNed all the Informat￿ and expL8nal￿ns.we require for our al￿rt.. or
the trustees were nol entitled lo prepare the financ￿1 statements in accordance wilh the small
companies regime al￿ take advantage of the small ccKnpanies' exemptN)ns in preparirg the
Iruslees. report and from the requiremerrt to prepare a *rategic rewt.
Responsibilities of the INstees
As explained more fulty in the trustees. responsibilities statement set out in the trustees. report, the
tru51ees {who are also the dired¢ys of the charrta￿e cerfnpany for the purFrf)ses of company lawl are
reswnsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view. and for such inlemal control as they detemiine is necessary to enable the preparalKJn
of financial statements that are free from material mtsstatement. ￿ether due lo fraud or error.
In preparing the financial statements. the trustees a￿ re5ponsibk for assessing the group and the
parent charitys abilty lo continue as a goiro concem, disetosing, as applicable, matters related lo
going concem and using the going eoncem basis of ￿OUntIng Un￿SS the Injstees erther intend lo
Iiquit1ate the group or the parent charity or to cease operatiws. or have no realisttc alterrbative but to
do so.

Independent auditors. ￿pOrt
To the memberJ of
Montessori St Nlchola$ Ltd
Our responsibilities fr•r the audit olthe finan¢lal statements
Our objectives are to L*Jtain feasonable assurance alm￿1 wthelher the financial slalements as a whole
are free from malefial misstatement. whether due lo fraud or error, and to issue an auditorfs report
that includes our opinion. Reasonabk assurance 15 a high thl of assurance, but is not a guarantee
that an audit conducted in accorLlarKe with ISAS (UK} will ahvays delect a malerial misstslemenl
when it exists. Misstatemenls can arise from fiaud or error and are conS￿ered malerLal rf. individually
or in the aggregate. they could reasonabty be expected to influence the ecomnic decis¢ons of users
taken on the basis of these financial statement$.
Irregularities, including ftaud. are instances of non-cc¥npliance i¥ith laws and regulations. We design
procedures in line wlh our ￿spOnsibl11t1e$. (wjtlined atthe. lo detect material misstatements in
respect of iiregularit*s. including fraud. The prcXedu￿ ¥￿ Carri￿ out and the extent to which they
are Capab￿ of detecting irregul*ities. induding fraud. are detsikd belcw..
111 We cbtsined an understanding of the legal arKI regulaty framewort thal the gr￿P parent
charity operates in, and assessed the risk of non-compliance with applicable laws regulations.
Throughout the audil. we iemained alert lo possble in(li¢atws of non-complrance.
{21 We reviewed the group and parent charitys pol￿￿ and prc¢edures in relation lo:
. Identity'ng. evaluating and COmp￿￿j with laws and regulations. and vknether they were aware'of
any instances of n¢)n-compliance",
. Detecling and respondirkg to the rtsk ￿ fraud. and whether they were alvare of any actual.
suspeded or al￿ed fraud." and
. Designing and implementing intemal conlroL8 to mtyate the risk of non<ompliance with laws and
regulaIk￿$. including fr&d.
{31 We inspecled the fflinLrtes of truslee meetwigs.
(4) We enquire(i any n¢￿.rOutine communicatiw with regulators arKI revivwed any oports
made to th￿n.
15) We re¥￿ed the financial statement di5ekJsures and assessed th&'r compliance with applKable
Iws and regula1p￿s.
16) We perfoma an8￿￿al pr¢)cedures to idenlfy any unusual or unexFected transactions or
balances that may Ind￿ a risk of material fraud cff error.
{7} We assessed the risk of fraud thrwgh management override of contrds and carried
procedures lo address thi8 risk. Our Pr￿ed￿re$ induded:
. Tesling the appropriateness oljoumal entries".
. A$ses5ing judgements and accountin9 estwnates for polential bias.,
Revwling related paty transacltons.. and
. Testing transactions thal are unusual or outsmle the nornwl course of business.
BecaL¢se of the inherent limitations of an audrt. there is a risk that will not tstect all irregularities.
including those leading to a material misstatement in the financial sLitements or non<omplHnce w¢th
regulation. Irregukrities that arise due to fraud can be even harder to detect than tlv)se that arise
error as they may involve delterate concealment or ¢ollu5ion.
10

Independfjnt auditows. report
To the member5 of
Montessorl St Nicholas Lld
A further description of ijur resp¢)nsibiliti"es for the audrt of the financial statements is l(K*ed on the
Fina￿101 Reporting Council's v*bsite at". wwnv.frc.org.ukjauditorsrespc￿s1￿'1th$. This de5UPtion
forms part of our audrtorfs rewrL
Use of our report
This rewjrt is made sclety to the chartys membus. as a bc*ly. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit V￿rk has been undertaken so that we mvJht slate to the
charitys members those matters we are required to state to them in.an audrtorfs ￿port and for no
other purpose. To the ful￿1 extent permitted by law. we do r*Jt accept or assume responsibilrty to
anyone other than the ch￿5 members as a body. for our audit for this report. or for the
opinions we have fcwmed.
Date.. 9 Feb￿￿ry 2026
William Guy Blake ACA
(S•nior Statutory Audltorl
For and on behaff of..
GODFREY WILSON LIMITED
Chartered accountants and sL7tulory *Jd￿C
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD

Montossori St Nicholas Lld
Consolidated slatement of financial activities fi￿o￿￿aling an NKc¥ne and0x[￿￿tUr&
Forthe
ear ended 31 Au
ust 2025
Restated
2024
Total
2025
Total
Note
Income from:
Donations
Charrtable activities
Investments
Other ITading
2.000
18,454
138,607
1,066
189.279
89,406
15S
Total Income
160.127
Expenditure on:
Raising fvnds
Charitable aCtI￿lIeS
312,844
663.595
650.788
. 923,485
Total expenditure
976.439
1.574,273
Nel gains on investments
$4.563
412,536
Net expendlture and net movement in funds
1643,038) {1.001.6101
Reconcillatlon of funds:
Totsl funds brought forward
4,112.044
5.113,654
Total.funds earrled fornvard
3.469.008
4.112,t)44
All of the above resums are derived frryn ¢￿tinuir￿j actNities. There were ￿ other recognised gains
or k)sses other than those 5L*ed atthe. All inc(Nne ar¥J expenditure 15 unrestricted in bolh years.
Prh?r yearexpen¢Mure and debt￿S have been reslabj. to WTrte off debts that were irrecoverable al 31
August 2024.
12

Montessori St Nkholas Lttl
Consolidated and parent b•lan¢e $h¢ets
Asat31Au
ust 2025
Re5tsted
Restated
The group The group The charity The chaiity
2025
2024
2025
2024
Flxod assgts
Tangible assets
Investments
10
19,966
33.812
3.332.643 3.921.522 3.332,743
817
3.921,622
3.352.609 3.955.334 3.333.193
3.922,439
Current assets
Debtors
Cash al bank and in hand
14
195.600
4.159
36,821
212.325
20,957
587
8,047
194,600
199.759
249.146
21,544
202,647
Llabllitles
Creditors-. anw)uNs falling due within 1
ye¥
83,360
92.4
161.777
327.247
N•t Current assets l (liabilities)
116.399 156.710
140,233
124,600
Net assets.
3.469.008 4.112.044 3.192.960
3.797,839
Funds
Unreslricte(I funds
General funds
3.469.008 4.112.044 3.192.960
3.797.839
Total charlty funds
3A69.008 4,112.044 3.192 960
3,797 839
These accounts have been prepared in &co(dance with the speual prOv￿10n$ applicable to
c(ThpanEs subject to the small companw. regime.
Approved by the Iruslees ￿ 9 Febft￿ry 2026 and signed on Iheir behalf by
Simren Priestley-.Chair
13

ontessori St Nicholas Ltd
Consolidated ststement of c•sh Ilows
For the
ear ended 31 Au
ust 2025
2025
2024
Note
Cash flo￿ from operating actl¥lties:
Net moveff*nt in funds
(643,036) 11.001.610)
Adjuslmenls for.
DeprecBlion charges
Gains on investments
Dividends, interest and renls from inveslments
Loss on the sale of fixed assels
Ilncreasel I decrease in debtors
Dècrease in credrto
13,829
154.5631
189,406)
17
1158,779)
9.076
18,619
1412,5361
1138.4761
91
46.914
87.732
Nat cash used tn op•rating activities
941,014
1,574.730
Cash flows from 5nvgstlng activilies".
Dividends. interest and rents from investments
Purchase of tangible fixed assets
Proceeds from the sale of investments
Purchase of invesknent$
138.476
17.2261
1.034,861
623.610
1,821
Net Ush provided by inv¢sting activities
711195
1,166,111
Decrease In cash and &ish equivalents In the year
1229.8191
{408.6191
Cash and cash equivalenls at the teginnir¥J of the year
234,505
643.124
Cash and cash equivalents ai the end of the year
234.505
Comprlsed of:
Cash at bank and in hand
Cash held by investrnenl manager
4.159
527
212,325
22,180
4.686
234,505
The charity has not provided an anatysis of thanges in net debt as it d¢)es not have any long term
financing arrangements.
14

Montsssori St Nic1￿119 Ltd
Notos to the financlal slatements
For the
ear ended 31 Au
ust 2025
Accountlng polici8s
al General informatlon and basts of preparatJon
Montessori Sl NICh￿aS Ltd is a charitable company ￿lste￿I in England and Wales. The
registered office address is 33 Colslon Avenue, Bristol, England. BS14UA.
The finanual statements have been prepared ￿ acC(wtsn￿ wrth AccounliThJ and Reporting by
Charities". Ststement ol Recommended Practice appI￿able to eharities in preparing their
accounts in ac￿rdanCe wrth the Financial Reporting Standard applicable in the UK and Rep.ubli
of Ireland {FRS 1021 {effectTve 1 January 2019) - (Charit￿$ SORP IFRS 10211. the Financial
Reporting Standard aFplicable in the UK and Republic of Irel￿d (FRS 102) and the Companies
Act 20fyS.
Montess¢)ri St NICh￿aS Ltd rneets the definition of a public benefft entity under FRS 102. Assets
and liabilrt*s are initially recconised al histor￿1 cosl or tranSact￿n value unless ¢)Iherwise
staled in the relevant accounting policy note.
bl Group a¢￿UnIS
These financial statements consolKl8te the results of the charitable company and its wholly-
owned {eontrolledl subsKliary on a line by line basis. Transactions and balances betsveen the
charitable company and its" subshliary have been elwninated from the eonsolidated financial
slalements. Balances betsveen the Iwo ccmpanies are disclosed in the notes of the charitable
company's balance sheet. A separate stalement of fina￿Val actMkn"es, or income and expenditure
account. for the Charitab￿ company itself is not presented because the charitable company has
taken adrdntage of the exemptK>ns affo￿ by secl•)n 408 of the C*Jnpanies Acl 20C6.
c) Goin9 concern basis of accounting
The aetounts have been prepared on a going concern baws. whith the trustees CL)nsider
appropriate given the charty's current cash position af￿ the levd of hKJhly liquid investments.
Although the group reported a low eash baL4nce * year*nd (£4k), IiquKIty risk is mitigated by
the receipt of £155k of contract income in the trading subwdiary in September. 2025. which is
irKluded within yearend debtors. IAhile the charity's balance sheet shows nel current l￿bIlitieS.
this is offset by a substsntkql hohying of highly Ik]uid investments {£3.333m}, whth supports ils
ability to meet (*ligations as they fall due. Accordingly. the tntstees do not consider there lo be
any material uncertainties regarding the abilty of the charity or the group lo continue as a going
concem.
dl In¢omo
Income is recogni5ed when the charity has entivement to the funds. any perfomiance condth.ons
attached to the item of income have been me( rt is probable that the income wim be r&eived arKI
the amount ran be measured reliably.
Income received in advan￿ of prowsion of STAR acCreditatic￿ and training fees is deferred until
criteria for inc(yne reccgnition are met.
el Interest receivable
Interest on funds held ￿ deFQSit is indLthd when receNable the amunt can be measured
reliably by the charity.. this is norynalty upon notifK*Kin of the 1ftte￿st paid or payable by the
bank.
15

Montessori St Nicholas Ltd
Notes to the financial ststernnts
For the
ear ended 31 Au
U5t 2025
Accounting policies Icontsnued)
l) Funds accounting
All funding in the current aThJ prKJr peric*J is unrestrtcted. UnrestriLXed fiJnds we available lo
spend on acts'vities that further any of the purposes of the charity.
g) Expgnditur• and Irre￿orable VAT
Expenditure is recognised once there is a legal or constructive obligation lo make a payment to
third party, il is proballe that settlement will be requira and the a￿￿)Unt of the obligation can be
measured reliably.
Irrecoverable VAT ts charged as a cost against the ￿tIvIty which the expenditure was
incurred.
h) Allocation of support Costs
Support costs are those lunctions that assist the wort of the charity bul do not directly undertake
charitable adiwties. Governance costs are the costs a$$w￿led wrth the governance
ariangemenls of the charity. including the costs of comptying with constitutional and statutory
requirements and any costs ass(xiated wiéh the strategic management of the charity's activities.
These wsls have been albcaled betsveen cost of raising funds and experKliture on char(table
activities based on the proportion of total costs to each heading as folk)ws'.
2025
2024
Raising funds
Charitable xtivit￿5
32.VA
68.IYA
41.3%
11 Redundancy Costs
Where an employee receive$ a terminat￿n benefft the full cost is rec(*3ni*g 81 the dale the '
employee is r￿tIred.
j) Grants payabl•
Grants which have been authorised and paKI are induded as expenditurE in the Statement of
Financial Actlvmles. Grnnts which have been committed lo but not yel paid ale acCn￿d in the
balance sheet arwj are included wrthin creditors falling due within one year or after one year (as
appropiiale).
k) Tangible fixed a3s•ts
DepreciatHJn is provkled at rates calculated to wrrte du•m the cost of each as￿ to its estimated
residual value over its ewed useful lrfe. The depree4ation fates in use are as follchvs:
Cornputer hardware and sothva
Fixtures, fittings & equipment
Websrte and CRM
Syea
3-5 yea
>5 years
Items of equpment are capitalised where the pU￿Se pite exceeds £5￿.
16

Montessori St Nlcholas Ltd
Notes to the financial slatements
For the
earended 31 Au
ust 2025
Accounting w>licies Icontlnuqd)
l) Investment in subsldlaries
The charitable company has one wldty v*ned subshdiary, St N￿l￿)IaS Montessori Trainirg
Limited. {regislered company number C6429337). The subsidiary undertaking 15 valued at cost
s ary cumutatNe impaimient losses in the chartta)le c(#npaWs accounts.
ml Listed investments
Listed investrnents Ir&Jed on a recconised st￿k exchange are ststed al fair value at the
reporting dale. which is deemed lo be their market value. Any gain or loss,'whelher realised or
unrealiseA, is taken to the Statement of Financial AL#NIt￿$.
n) Debto
Trade and other debtors are recognised at the settlemenl amount due after any trade discount
offered. Prepayments are valued * the amount prepaid net of any trade discounts due.
o) Ca$h at bank and in hand
Cash al bank and cash in hand Ir￿udeS cash and short term hrghly Irquid investmenls Iwth a
short maturity of three months or W frryn the date of acquisition or opening of the dèposit or
similar a￿unt.
p} Creditors
Credrtots and provisions are reeognised where there is a presenfobllqation resulting from a past
event that will probabty resull in the transfer of fund5 to a third paty and the arrKJunl due lo settle
the oblualion can be measured or estimated reliably. Creditors and provisions are nomially
recc#Jnised at Ihwr settlement amoLbnt after allowing for any trade discounts due.
ql Flnan¢ial instruments
The charitable company onb/ has finarrial assets and financial li8bAiiies of a kind that qual￿ as
tsa$￿ financial instruments. Bas￿ financial instnJThents are initially ￿ec￿nISed al transaction
value and subsequenlty measured al their setttement value with the eXCePt￿n of bank
which are subsequenty rec(*Jnised at am0￿.sed cost using the effective interest method.
r) Pension costs
The company opernles a defined contribution wsion for its employees. There are no
fvrther IHbi1rt￿S other than that alre•Jy rKognis&J in the SOFA
sl Foreign currency transactlons
Transath"ons in foreign currencies are translated at rates p￿¥allIng at the dale of the transaclion.
Balances denomThied in f(veign currerKw6 are translated at the rate of exchange prevailing al
the year end.
17

ontessori St NiclK)lag Ltd
Notes to th• financlal ststements
For the
ear ended 31 A
ust 2025
Accounting policks {continued)
tl Accounting estlmates and key Judgernents
In the application of the charity's accounting pc￿￿￿5, the trustees are required lo make
judgements, estimates and assumplKJns atKJut the carrying values of assets and liabilities that
are not readily apparent from other Sources. The estimates and undedying assumptions are
based on historical experience and other faciors that a￿ considered to be relevant. Actual
results may drffer from these eslimate5:
.The eslim8les underlying assumptions are rew&¥ed on an ongoing bask8. Rwsions lo
accounting eslirnales are recc#3nised in the period in whth the estimate is revised rf the revision
affects onty th81 periTrJ. or in the per￿ of the revtsion and fuiufe per￿S if the revision affects
both currenl and future periods.
The key sources of estimation uncetsnty thal have a signifunt Èffect on the amounts
recognised in the financial slalemenls are deprecial￿n as described in note 1lkl above.
Income trom charltable actlvlt
2025
Total
2024
Total
Professional training and qualification- fees
STAR accreditation and recojnition
Other chaiilabk incor
179.730
9.133
416
10,815
7,455
Total Income from charltable activities
189.279
1&454
Income from invostments
2025
Total
2024
Total
Bank inlerest
Oividends
74
89.332
4.012
134,595
Total income from investments
89,406
138,607
4. Government grants .
There were no government grants in the current ¢y prKJr year.
18

Pknntessorl St Nicholas Ltd .
Notes to ihe financial statements
For the
ear ended 31 Au
ust 2025
S. Total expendlture
Supw)rt and
Rai5irvJ . Charitable g)vemance
funds
tivrt*s
costs 2025 Total
Staff costs (rK)te 81
Education servKes and training
programme5
Professional recognit￿n services
Member services and ￿r￿n￿nity
engagement
Grants and bursaries (note 7)
Fundraising and ￿rnpa￿nS
Research and devefopmenl
93.5(
142,128
141.538
377.172
29,556
10.352
30,374
13.700
83,338
82,942
143,268
106.994
31.544
10.078
1.363
36.602
83.652
64.071
24.897
993
28.092
132.217
118.627
2,356
95.805
67.713
SutAotal
176.399
374.169
.425.871
976.439
Alkxalion of support and
governance costs
136.445
289,426
425.871
Totsl gxpenditure
312,844
663.595
976.439
Total govemanee costs V+we £126,315 (2024.. £144,901).
19

Montessori St Nicholas Ltd
Notes to the flnanclal stalements
For the
ear ended 31 Au
ust 2025
S. Total expendilure l¢ontlnued)
Prior period comparative (restated
Support arKI
Charitabte goveman
Reststed
c>)sts 2024 Tclal
Rai5irMJ
funds
Slaff costs (note 81
Education services and IrainiTrJ
programmes
Profess*)n81 recognition servKes
Member services and communrty
engagement
. Grydnts and bU￿rieS {nole 7)
Fundraising and ￿r11paignS
Research and development
Wnte off irrecoverable debt
157,326
194.322
345.S30
697.178
41,510
8,859
19.￿3
12.871
85,957
84.363
147,430
1￿.093
24.965
31.101
80.1￿9
13,038
31.451
188,S44
13,038
20,633
25.584
105.079
36,513
1.778
40.672
11,107
161.495
256.158
94.885
74.343
36,691
sU￿tOtal
356.￿ 5C6.4C
710.999
1.574.273
Allocation of support and go¥emaKe
costs
293.920
417.079
10,999
Total expendlturg
650.788
923.485
1,574.273
Pmr pwK)d expendrture has been restated due to a charvje n the basis for alkK*in9 SUPPOrt
osls to provide a mre accurate ￿ectIon of the use of resources by the chanty and to be
comparable with thg current year.
20

Montsssori St Nicholas Ltd
Notes to the financlal slatements
For the
ear ended 31 A
ust 2025
Net movement In funds
This is slated after charging..
2025
2024
Depreciatic
Loss on disposal of tangible assets
Trustees. remunefation
Trustees, reimbursed expenses
Audrt0￿' rernuneratp)n lexduding VAT):
Statutory audit- Charity
Statutory audrt- Subsidiary
. Oiher ser¥￿eS
13.829
17
18.619
124
132
11.385
9.020
5,005
5,500
350
Trustee reimbursed expenses relaled tci travel arKI $th5i5tence for 3 trustees (2025.. 3 trustees).
In common wrth cther ChaIrt￿ of our size and natu￿ we use our auditcrf5 to as$i$l with the
preparation of the financial ststements and to prepare and submit retums lo the authorities.
Grants
During the year, 1412024.. 3} grants were a•Arded to 8 institutions {2024:. 3).
2025
2024
Grants to organisations
Sl Nieholas Montessori Training Limiled
Leeds Beckett Universty
Bright Start- Voices for chiklren
Bright Start FOundat￿n
H(Hne Start Wesl Somerset
HundrED
Grant5 < £5.000
225.000
30,000
14.629
10,715
14,Ot)O
12.108
2.200
594.CQO
127.500
18.$00
Burs￿$
42,544
Grant to subsidiary eliminated on consoivjal
225,000
594.000
Total grants payable
83.652
188,$44
21

Montessori St Nlcholas Ltd
Notes to the financial ststements
For the
ear ended 31 Au
ust 2025
Staff costs and numbers
Staff costs were as fd10￿..
2025
2024
Salaries and wages
Social secunty eosls
Pension costs
335.788
29.805
11.579
615,098
67,289
14,791
377.172
697,178
Included ￿ salaries arKI wages are"rpJundancy and termination ¢o$ts totalliThJ £nil (2024..
£184.719}.
202S
No.
2024
No.
Employees eaming mre than £60,000 during the year.
Between £60.000 and £70.000
Behveen £70.000 and £80,000
Between £110.000 and £120.0
8ets¥een £220.000 arbj £230.0(M)
The key management personnel of the charitabie cthnpany c(ryrise Ihe Trustees. from MSN,
the Chief ExecLrtNe officer. and from MCI th& Chief ExecutNe Officer. The total employee
beneffils of the key mana9wnenl Pe￿nnel We￿ £128.76812024.' £378,636).
In the prior year. members of Executive Tean daimed exFenses. ￿￿nbUr$Ing them for oul-of-
pod(el travel arKI sub&stence costs incurred in C￿Ing out their duties totalling £1,451.
2025
No.
2024
Average headcount
Taxatlon
The chanty is exempt frryn COrp￿￿10n tax as al ils inCC¥r￿ is charitable aThJ is applied for
charitable purpose5. Tr subsidiary company distribLrtes any proffts to the chanty and therefo
no corporalp)n tax i8 payable.

Montessori St Nlcholas Ltd
Notes lo th• fi￿n¢la] ststements
Forthe earended 31 Au
ust 2025
10. Tangible fixed assets
Group
COmp￿er
hardware
Fixture$,
and
rittlngs &
software equipment
Website
and CRM
Total
At 1 September 2024
Disp05als
82.072
35,875
13.157
100
95.329
35.875
At 31 August 2025
46.197
13.157
100
59.454
Depreciation
At 1 September 2024
Charge for the year
Disposals
54.125
11.083
35,858
61.517
13.829
35.858
20
At 31 August 2025
29.350
10.052
' 39.488
Net book value
At 31 August 2025
14
At 31 Augusl 2024
Charlty
Ctynputer
hardware
Fixtures.
and
rittin95 &
software equlpmenl
Totsl
Cost
Al 1 September 2024 and at 31 August 2￿25
3.859
100
3.959
Deprecialion
At 1 September 2024
Charge forthe year
3.075
3,141
368
20
At 31 August 2025
3.423
3.509
Not book value
At 31 August 2025
436
14
At 31 August 2024
783
817
23

Montessorl St Nicholas Ltd
Notes to the financial statements
For the
ear ended 31 Au
ust 2025
11. Invgslments
The group
2025
The group Tho charity
2024
2025
The charity
2024
Total Investments:
Listed investments held by
investment manager
Cash held by investrnent manag
Investment in subsidiary
3.332.116
527
3.899.342
22,180
3.332.116
527
100
3.899,342
22,180
1¢)0
3.921,522
3.332.743
3.921.622
Llstsd Snvestments (group and charityl:
2025
2024
Market value at 1 September 2024
Additions
Disposals pr¢xeeds
Net investment ga￿ in the year
3099.342
1.821
1623.6101 11.034,8611
54.563
412.536
4.521.667
Markel value at 31 August 2025
3.332,116
3,899,342
12. Subsidiary undertaklngs
st Nicholas PAonlessori Trdinirnj Limiled
St Nicholas Montessori Training Limrted (Company number C64293371 a wholly owned trading
Subsidiary of Montessori St NichoL4s Limited. It provides.Iraining of students in the Montessori
Philosophy, provkling recognised quaIrfKat￿nS for students to leach.
' 2025
2024
Turnover
Cost of sales
414,280
7.379
612.454
7.29S
Gross profft
406,901
605,159
Adminislrattve e>penses
487.109
(Lossl I profrt on ordinary activities
138.1541
(16)
17
118.050
Other interest receNable and simikqr inc(Kne
131
(Lossl I profft for financial year
38.153
118.181
24

Montessori St NiC1￿laS Ltd
Notes to the flnanclal statements
For the
ear ended 31 Au
ust 2025
12. Subsidlary undertakings (¢ontinued)
The aggregate cl the assets. Ikqbilitw and fvnds was:
2025
2024
Fixed assets
Tangibk assets
19.517
32,995
Current assets
Debtors
Cash at bank and in hand
286.880
3.574
321.883
17,725
339.608
Creditors.. arrv)unts falling due
wrthin 1 year
33.819
58.298
Ne¢ curront assets
281.310
Nel assets
314305
Capltal and reserves
Called up share e8pital
Profft and loss account .
100
314,205
276.052
Shareholders. funds
276.152
314,305
13. Parentcharity
The parent eharws gross and the results ts" the year are dB¢h)sed as frAltr•VS.'
2025
2024
Gross inwme
Results for the year
117.593
604.879
141.$42
1,083,103
14. DebtopJ
The group
Restated
2024
The charlty
Reslaled
2024
2025
2025
Trade debtors
Prepayments
Other debtors
154.908
37.010
3.682
30,082
6,739
20,957
8.047
195,600
36,821
20.957
8,047
25

Montessori St Nicholas Ltd
Notes to the financlal statements
For the
ear ended 31 Au
ust 202S
15. Creditots: amounts falling due within 1 y•ar
The group
2025
The charity
2025
2024
2024
Trade credilofs
Accruals
Other tsXal￿n and soual seeurity
Deferred income (see note 16)
Due lo subsidiary undertakings
Other eredrto
30.$38
33,352
13.7
12,C68
36.543
10,500
1497
9.937
22,361
1.840
16.131
12.294
4.411
112.237
293.109
2.521
2.772
327 247
16. Dgfefred income
group
The charlty
202S
2025
2024
2024
At 1 September 2024
Deferred during the yoar
Re￿aSed during the year
12.068
4,411
12.068
17.782
14.082
At 31 August 2025
Deferred irwme re￿¥ to income in advance STAR acueditation fees and training fee5." .

Monte5sorl St Nicholas Ltd
Notes to the fi￿nCIal statem•Trts
For the
ear ended 31 Au
ust 2025
17. Flnanclal in51ruments at fair value
The group and charity
2025
2024
Financial assets measured al fair value
3.332.116
3,899.342
Financial assets measured al fair value comprise listed investrnenls.
18. Related party transadions
Montessori St N￿hOlaS Limited has a whowy ¢yWn￿j subsidiary St.N￿holaS Montessori Training
Limited, a c(xnpany limited by shares (¢cKnpany no. W29337). The Chief Executive serves on
the board of directors in the subsh1i8ry company. During the year, the charity provid￿ a grant of
£225,00012024.' £594,0￿) and the subs*diary recharged staff time of £28,04812024.' The parent
recharged staff time of £55,789). At 31 Augu512025. Montessori St Nichda5 Limited owed St
Nicholas Montessori Trainry Limited £112,23712024'. £293,109).
Duang the year. £44.C(JO12024." £8,CiXl} was paid for board coaching services prowded to the
Board of Trustees by W¢0￿ Lld. Wcorp Ltd is a privale cc4npany limited by shares in England
and Wales. of whith S Sthu-Kaui. fomer Chair of Trustees, is a SO￿ director and holds over
75% (rf the shares aNJ voting r*Jhts. No amounts ￿re wtslanding at year end.
27

Montessori St NlclK)las Lld
Notes to Ihe Ilnancial statements
For the
ear ended 31 Au
USI 2025
19. Prior year restatement
Prior year expenditure and debtors ha￿ been restabj to write off an Irf￿Verable debt as
shown below:
Other debtors
The group Th• charty
As originalw sL8tett"
Adjustment to write off bakArKe
43,430.
36.691
36,691
36.691
As restated at 31 Augusi 2024
6.739
Expendlture
. The group The Charity
As ortginally slat
Adjustment to write ¢Jff balance
Rounding
1.537.585
36.691
1,637.181
36.691
As restated al 31 August 2024
1,574.273
1.673,872
Fundg brought forward
The group Th•£harfty
As originally stated
Adjustment lo wrrte off balance
4,148,735
36,691
3,834.530
36,691
AS re51ated at 1 September 2024
4.112.044
3.797.839
28