## **AGM Chair Report Padbury Pre School 2020** ## **Overview** This has been a very unusual and challenging year for Pre School and everyone else! The academic year 19/20 began in the normal way but was cut short by the Covid-19 pandemic. A national lockdown was called for at the end of March 2020 and Pre- school closed for the whole time. During lockdown the committee remained active, keeping abreast of the newest guidelines and preparing for re-opening. We remain a popular option for a Pre-School, consequently our numbers are almost to capacity. The committee continues to keep a close eye on income versus expenditure. ## **Staffing** We are fortunate to have four contracted practitioners, providing stability for the children. Absences and extra hours are covered by bank staff, most of them are well known to the children. We have recruited two excellent new practitioners to add to the team. The contracted staff was furloughed from March 2020 until September 2020 when the new academic year began. In March our Manager resigned, giving us plenty of notice. She left our employment in May. We were lucky enough to be able to recruit her replacement during lockdown. Rachel Biswell was appointed in August and began work with us in September. We are very pleased with her enthusiasm and ability and very happy to welcome her as a colleague. ## **Accounts** The accounts for the year August 2019 – August 2020 are currently being finalised by our accountant and will be ratified at the next committee meeting. ## **Relations with the school and the wider community** Pre School kept up the ties with the community in the usual way until the restrictions were applied. The children took part in the Local Produce Show, the Christmas Tree Festival, the Buckingham Christmas Parade and did their own Nativity Presentation in the school hall. The larger space was very useful and older brothers and sisters were able to see rehearsals and hear songs. We keep in touch with village activities and contribute our news to The Pump (the parish magazine). We had plans for a Grounds Day and fund raisers but had to be cancel them due to lockdown. Close liaison with the school has continued. The chair is also a governor at the school and we were able to compare notes on Covid Action Plans taking school needs and times into consideration and vice versa. Termly meetings with Padbury School Head teacher will resume as soon as possible. The Manager will be joining me on these occasions to give operational input. The agreement that we have with the school re maintenance and access is working well (we are not using the access at the moment due to restrictions). Lucy Read has updated and continues to amend the Pre School webpage. A big thankyou to her. We also have an active Facebook page which both Lucy and Rachel can add to. ## **Links with the Local Authority and Early Years Educators** We maintain close links with Bucks Early Years. Judith Attridge visited the chair at home to help her settle into the role and gave advice on the way forward. She continued support with the recruitment process. Denise Evans supported the setting at the beginning of lockdown when we had so many questions. It is nice to have a “back up” with information and expertise at the other end of the phone. ## **The Committee** Thanks to Tricia Norwell for her steady and dedicated service as chair of the Committee. Tricia resigned in February 2020 and I took over as chair. These are such strange times that I have never chaired a “face to face” meeting! Meetings have continued throughout lockdown and restrictions using Zoom. We have recruited a new committee member (Cathy Miah) and have lost two members from last year (Katie Bradbury and Miriam). We continue to be indebted to Claire McHenry for her knowledge and commitment while we continue to re-distribute her many roles. Rachel will be taking over organising the intake in January 2021, Sammy will do payroll from April 2021 and I hope to be the named OFSTED contact for the committee and put on the official list for BT contacts for Pre-school. ## **New Initiatives** Covid brought its own initiatives and while preparing for re-opening we had to consider a more streamline look as the guidance included having only some of the equipment available and regular changes. This produced storage issues that we are addressing. Most initiatives however, have been halted due to restrictions and will be addressed again at a future time. ## **Budgets for Staff Training and Resources** The budget we set last year seems to have been adequate for this year’s needs but it is an unusual time. This will need reviewing when the world returns to normal. ## **Next Steps** - Continue to review the roles within the committee. - Revisit last years “next steps”. ## **Summary** Pre School continues to thrive as a happy and stimulating setting. We have overcome quite a few obstacles this year and have had to hold back on making long term plans and fundraising. We do however look forward to the future with a strong team both as staff and committee. Thank you to everyone for their ongoing commitment. Barbara Foord (Chair) November 2020 Charlty Reglstratlon No. 1139219 Company Regi¥tratlon No. 06568931 (England and Wale81 PADBURY PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 PADBURY PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Jelf aalre McHenry L Read S D￿lon B F£xYd C Miah Secrètsry Gaire McHenry Charlty number 1139219 Company number 06￿931 Prlncipol addrès$ Padbury Pre Sd)(KA Burfding Padtwry C of E ScttK Main Slreet Padbury Buckinghamshire MK18 2AP Regi8t?red office Padbury Pre &thod 8uikling Padtwry C of E sch￿ Main Slreel Padbury Buckinghamshwe MK182AP Indgp•ndant examlnor Ad Valor8m A(¥ayJntsnGy Sorvi(w Ltd 2 Man(x Fam? C(wrt Cld Wdv&lon Road (Xd Wc4verton Mlton Keynes But*irvJhamshire K12 5NN PADBURY PRE-SCHOOL CONTENTS Page Trustees, repori Indep8TrJent exaMI￿S rep Statement crffin8na81 actiwlies Balance sheet Notes to Ihg fjnanaal statèments 5-11 PADBURY PRE4CHOOL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 The truslees wesent Iheir report and financial statements for the year ermled 31 August 2020. The financia statements hève been prepared in a¢￿dance wilh the a(xounting pc4iues set out in noie 1 to the finèncpl statements and ¢crfnply with the charitable companls tpveming doryJmentl. Ihe Companies Act 2006 and "Ac¢ounting 8nd Reporting by Charibes: Statement of Re(xxnmended Pr8Cl￿e ap￿iCable lo tharib'es preparing Iheir accounts in accordance wlh the Financi4 ReFthng Standard ap￿leS￿e in the UK and Republic of Ireland IFRS 102) leffe¢live 1 January 20191.. Objecttves and activities The trustees have paid due regard lo guldance éssued by the Charity CommI￿lOn In deciding what activélies tt7e charitable company shwld undertake. Achigv•ments and perfomianee Financial reyitw The trustees has assessed the major risks to vthich Ihe chantstle company is eXp￿d. aThJ arg sab"5fied thal Systems are in place to rnibgate exp￿￿re to the maiw risks. Structurey govemance and management The pre-school opèrates as a not for profrt C￿mpanY (limited by guarantee) regIste￿d Cor￿jan￿8 House and wè hold charitable status. We ernploy s8ven p8rt4ime stsff and wovide sèrvices to many local. 2-5 years d children. A¢hough we are 8 coinpany. we afe sèi up as a ctsnmittee wlh a chairperson. tré8surer 8nd S8cretary so that there are dear roles for al invofved. The trustees, who ale ￿s0 the dire(aors for the wrrx6e of ￿MpanY law. and who seNed during th8 year and p to the date of Sign8￿re of the finar￿la1 statsmenfs were.. TJdl Claire McHenry L Read L Howard C Rigg JHay P Norwe A Cornish A Griffiths P Bilimoria K Br8dbury M Witham S Dalton B Foord C Miah (Resfgned 2 June 20201 IRe&gned 29 January 20201 (R8signEd 31 August 20201 (Reggned 26 N¢)vember 20201 IReFA9ned 28 Janu8ry 20201 {Resgned 29 January 2020) (Resigned T Aprl 20201 {Resigned 2 September 2020) (ResKJnÈd 30 J8nuary 20201 None of lh& Irustees has any beneficia Intere￿ in the ￿Mpany. M of the trustees are members of the company and guarantee to ¢￿Ir+bute E1 in Ihe evenl ofa wnding up. The truslees, report was aFvoved by the Board ofTrust88S. Clalre McHe Truslots Dated.. PADBURY PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRE4CHOOL I report to the trustees my èxamination of the financial statemènts of P￿1t￿jry Pre-Sthoc4 (the charitabto cornpanyl for the year ended 31 August 2020. Rgspon8lbMltles and basls of r•port As the trustees of the charilabl6 company land also its directors for Ihe wfjx)ses of ojnpany law) you ara r85ponsible for Ihe p￿ParatIOn of the financial sl8lements in wilh the rffjuir8ments of the CompaniesAct 2006 Ilhe 2006 Actl Having satisfied myself ihat the stalemenls of the ch8fTtable o)mparry are not required io be audited under Part 16 of the 2006 Act and are eligibte lty independent examinalion, I report in respect of my examinatK)n of Ihe charitable eompany's financkql stalèfflenls carfied out under secbon 145 01 the Charities Act 2011 Ithe 2011 Acll. In carrying out rny examination I have frAlcwe(l all the aprlicable Oirections grven by the Charily C(¥nmissiffi under Sec1￿ 14515Xbl of the 2011 A¢L Independent examinerfs statemènt I have com￿￿ted my ex8minatK)n. I confirTn that ￿ mattèrs have o)me to my attèn11￿ In (*•nnectton with the exarnination giving m8 cause to believe that in any mat8rial resp8Ct.' accountlng records nol kept in res￿￿￿ of tha tharilatlg ojmpany as rvquired by section 386 of thè 2CX)6 Act,. or the financial ststements do not accord ¥￿th those re(x)Tds" or the ftnancial statements do not vrfh the accounb.ng requirements of se(lJ"M 396 of the 2006 Act other than any requirement that the accounts giv8 a true and larr wew whKth is not a mattèr u)nsidered as part ol an independent examination- or the financial stalemenls have not been prepa￿1 in aCcOrdar￿ wilh Ihe meth(xJs and princi￿eS of the Statement of Recommended Practsce for acc¢xJnting and reporting by charities applicable lo charities preparing iheir accounts in accordance the Financial Reporting StarKlard akwlicatrje in the UK and RepuL￿￿ of Ireland IFRS f 02). I have no concems and have Ix)me auoss matters in ojnnectffi *ith the exarrination to %Yhreh allenlion should be dr&Yn in this re￿1 in to enable a proper undetstarkying of the finan¢ial st8ternents to be reached. Nigel Adams FCCA Honorary Reporting AC(l￿nIan1 2 Manor Fami Court Old Wdverton Ro&J Old Wdverton Milton Keynes Bucklnghamshire MK12 5NN Dated.. ￿./.05].1611 PADBURY PRE4CHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020 Unrestrl¢ted Restrlcted lund¥ funds 2020 2020 Total UnrestricLed Restrktod funds funds 2019 2019 Total 2020 2019 Notes and Oonalions and legacaes ch8￿ta￿@ acbviiies Investments Othèr income 3,093 52,435 3.183 52,435 1,$60 59.296 59,296 19) 190 Total Ineame 55.537 55.627 60.055 61.055 CharIta￿e ath"vities 50,872 5.730 59.030 6.852 65,882 Net in¢omell6xpenditurel for the yearl Not movemont In funds 15.6401 197SI 1.025 15.8521 {4,8271 Fund ba18nces at 1 Septernber 2019 20.1fKI 1(KJ.664 120.764 19.075 106.516 125.591 Fun(1 balance$ at 31 August 2020 24.765 95.024 119.789 20.100 100,864 120,764 The statement of financial ac￿￿tleS I￿udeS all gain$ and losses reuNJnised in the year. l income and 6x￿nditUTe ￿￿7¥6 from conliNing acbth. The slatemént of finanoal activrfies also c(¥nplies wilh the reguirements lor an in(xxne and expenditure accwnt under the Comp8nies Act 2(K)6. PADBURY PRE-SCHOOL BALANCE SHEET ASAT31 AUGUST2020 2020 2019 Notes Fi￿d assets Tangible assets Current assets Debtors Cash 8t bank and in harKI 10 86.693 91,174 11 370 32.799 42 33.169 Cr8dltor8: amounts falllng dua wlthln on8 year 29.59) 12 (731 Nel cu¥r8nl assats 33.096 29.590 Totsl ass•ts less current Ilabilities 119.789 120,764 Income funds Reslricled funds Unrestficted funds 13 95.024 24.765 100.664 20,100 119.789 120.764 The company is entIl￿d to th8 8xgmptk>n from th8 audil rewiremont u>ntainod in 8gc*"on 477 of the C(mpani8S Act 2006, for the y88r eThJed 31 August 2020. The difectors aeknovledge Iheir r•S￿n￿blI iuès for ensuwing that the tharity keeps acrountirKJ records which compty with section 388 of the Act and for preparing finanaat statements ¥thlch give a true and fair view ol the State of affairs ol the Company as at th* gnd of thè financial y8ar and of ris in(tsning resour¢xs and applicah.on of f8sourcès. indLNJlng its Inc￿lle aThJ Ex￿d[ture. for Ihe financial year in accor(Sance vAth the requir8rnents of sections 394 and 395 and vthich olheThvL%e wrfti the requirements of the Ctmnpanias Act 20(￿ 1glalitYJ to f*nan¢ial stat8rnents, so far as aP￿icatI& to Ihe (x)mpany. Th& members have not requi￿ o)mpany to obtsin an audit of its finanaal statements for the ye8r in qU8StK)n in accordanc8 Sect￿ 476. These flnancAal ststemenls have been prepared In acct*daThx wlth the Fffthisions ap￿icat4e to r￿MpanIa$ subject lo th8 small CL¥npanies regin*. The financial stal8n￿nts w8re approv8d by Ihe Trl￿tee$ on .... aaire McHenry Trustoe Company Rsglstration N(K 06568931 PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Accoundng pollcles Charlty infomiadon Padbury Pre-Sthoc4 is a piiv81e company h'mrted by guaranteè ino)rpxx8ted in England and Wales. Th8 registered Offi￿ is Padbury Pre SdKKg 8uAding, Padbvry C of E Sthoc4. Main Street. Padbury, Buckinghamshire, MK18 2AP. 1.1 Accounting convention The financial stslernents have b88n prepared in aco)rdaThx the d)arilaN8 companls Igov8ming documenll. th8 Companies Act 2006 and "Acu)untsng and R9tyJrUng by Chqrrties.. Slalem8nl of R8comfflended Pr8¢ttce ap￿1¢able lo charibes prwring Iheir ￿)UnIS in aIxordan￿ wfth the Flnanc4al R8POrtlng Standard applicalAg in the UK and RepuNic of Ireland IFRS 102) {effectN8 1 January 20191" Th9 charltabb cx)rnpany is a Put41c Bengfit Entity as defined by FRS 102. The charitable (x)nwany has taken advantage ol the provi&ons in the SORP for tharths appAying FRS 102 Updat8 Bulletin 1 not to prepaie 3 Slatemenl of Cash Flow8. The financial ststemerrts are wepared in sterling. whith is th& fttnctional thrrew of the d)aritat4e company. Monetsry amounts in these financial statements are rounded lo Ihe neare81 £. The finanoal Stat￿ents hav8 been prepared under th& hislori(4 cost cffivenii(m. mc#Yified to indude th8 revaluath￿ of treehc4d properties aThJ to indvde investment prqjerties and certain fJnanci* instruments at fair value. The princApal 8crayJnting [￿￿¢8 ad4)ted a￿ set out Lwow. 1.2 Going concem At the time of approving tlE financial statements. Ihe Irust8es have a re3sonat4e 8xpectaUon that Ihe charital￿e company ha5 adequate resources to continue in operalional ￿￿$tenCe for the fO￿Se8ab1e futtjre. Thus the twstees corbtinue to adw the omcem b￿$ of accounting in preparing the finan(yal statements. 1.3 Charitablo fund$ un￿st￿Cled turKls ar8 avalaNe lor use af the disueb.on of th8 twstee$ in hjrtherance of Iheir charitaNè objectives. Restrieted funds are suLy'8ct to $￿ifiC by do￿[5 as to how may bb used. The purposes arKI uses of the rastricted lunds are set ¢JJt in the n￿95 lo th8 finaw statem8nts. EwKlowmenl fvnds a￿ subi8Ct to specffic c condtuons h8ve been mel, Ihe amounts can be me8sur*l reliably. aThJ il is [￿(￿atAe that in(x)me wll be received. Cash donations are rewgnised on teceipt. Other donalions aré rec4Jgnlsed once the charitable company has been notffied of the donatK)n. urtes5 perf(Mrnance condibons ￿quIre deferral of the 8rnc¥Jnt. Incomè lax recoverable in relatk>n to donati￿S r￿￿e￿ uThler Gift Aid or deeds of covenant is rècconisèd at Ihe time of the donati￿. L@ga¢ies are recognised on receipt (K othews& rf lh& charitabla Ix¥npany has begn notified of an ImpendirrfJ distribution, the amount is known. and rwipt L% eX￿ed. If the amount is not known. the legacy is tiealed ag a ¢xMtlruenl ass8L PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Accountlng polleles {Cr>ntlnu•d) 1.5 Tanglble Ilxed a88ets TangiblB fixed assets are initially measured at (xysl and subwuenlly Measu￿ at cost or VAluation, net of depreciatim any irnpaimient losses. Depreciation is reeognised so as kn wiite off the cost ￿ valuation of assets less their residua values ov8r their usefiA Iwes on Ihe frllvwirwj bases.. F￿eh￿￿ land and buiklin9S Fixtures and frttings 5% Red￿￿Tra batan 15% Rethjcing balance The gain or 10s5 arising on the disposal of an a&8et i8 detemiined as the difference belv￿en thg sale w0ce￿I$ and the Carrying value of the asset. and is ￿¢(￿jnised in nel inCml{expenditu￿) for the year. 1.6 Impaimi•nt ot fixed a¥s9ts Al each reporting end date. the chawitable company revivws the carrying amounts of its tangl1￿e assets lo determine whether there is any indication that Ilx)se assets have suffered an impairrnenl loss. If afty such ndicalion exists. the recoveraue amount of the ass8t is esbmated in order to detem)ine the extent of the impairmenl loss any). 1.7 Cash and Cash equt¥41¢nts Cash and Gqsh equlvalents indude 13sh in harKI. deposits W at call wth banks. olher short-terni liqukl investments with original maturilies of Ihre6 M￿1hS or 1888. aThJ bank overdrafts. Bank overdrafts a shown wllhln borrowngs in cuffent Ilabiltties. 1.8 Flnanclal Instnjments Thè charitable (x)mpany has elected to apply the ￿ti￿s1OnS of Sett￿ 11 'Ba$c Financial Instruments, and Section 12'01h8r Finan￿￿ Instruments Issues. of FRS 102 to al of its financia instnjments. Finaneial instruments are rec(yJnised in the tharilat4e wmpanrfs balan￿ sheet when the charitaN8 company beo)mes paty to the contractual FXOViSi(￿S of the instwmenL FinarKial assets and lialilit￿$ are offset. the nel 8nKMJnts presented In Ihe finan(ial statements, ￿en there is a legAlly enforceable right to sel off the ￿(X)gniSed affrK￿nts aThJ there is an intention lo settle on a net basis or to realise the asset and settle Ihe liat¥lity simLAlaneougy. 8asic finan¢lal assets Bas￿ financial assets. which indwle debtors and (ash and bank balances. are initially measured at transact￿ price induding transactK)n costs arKI are subs8quenlJy earned at amortised cost using the effective interest method urless the afrangement Ix)nstr(utes a finanang transaction, where the transaction Is measured at Ihe present vaue ol the tulure re(%fjpts discounted at a market rate of inlerest. Finanrial aSS8ts dassified as receivalAe within one year are arTh)rti%ed. PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2020 Aeeoundng pollcl•s {Contlnu•dl Baslc finènci?I liabililies Basic financial liabilities, ind￿1￿j C￿110￿ a￿1 bank loans are initF8lly re(x)gnised al trans8etKin price urtess the arrangemenl (x)nsblules a finan¢ing tr8nsactKJn. where the debt instrument Is measufed at the pr8senl value of the fulure payments dtS(OLtnted at 8 markel fate of interesL Fin8ncial liabdities dassrfied as payS￿e within one year are not 8rTh)rtised. Debt instruments are subsequentty (%￿1ed 8t amorbsed cost. u%ThJ Ihe effec*ve interest r8te m8th0d. Tradè creditor5 are ot4igats.ons lo pay for goTrls (K seThicès that have been acquir8d in the ordinary coursè of opefations from suFylie(s. An￿ntS parab￿ are dassthed as current liat¥lities il payment is due within one year or less. If not. they are presented as nowurrent Ikabilib"es. Tiade c¥editors are r8cognised initially at trar*saction prfcé ar￿ sub5equenlJy measured * amorti￿1 cost using the effective interest m8thod. Deracognltlon of Ilnanclal Ilabllltlas Financlal lfiabilities are d8reccoJnised when the thaiitable conwanys iYJntraclual obllgation5 expire or a discharged or canc811ed. 1.9 EmF4oyee ber￿ffits The cost of any unused hclK1ay entsuement is recc•Jnis¢d in Ihe ￿riod in vthich the &m￿oYee'S servi￿8 A￿ recesved. Temiination benefits are recogntsed immedialety as an expense when the L*a¥itabl& coryany is denThJnslrably commilted to teminate the ewntAoymenl of an em￿tsYee or lo wovide (ern)inatK)n txnefits. 1.10 Retlr•ment beneflt5 Payments to defined eonlributh)n retirement benefft sthemes are charged a5 an expense as Ihey fall due. Critical 8¢¢ounting esthn&l83 and judgèments In the application of the charilat4e cC￿pan￿$ ar￿)Un￿r￿J Fdicies. thè tmstees a￿ requir￿1 lo make ju(Igemenls, estimates 8nd assumptKJns about the Gqrrying arTh￿nt of assels 8nd liabilities thal are not readily apparent from other sources. The estimates arml assooated asSuMpti￿S are based on historitAI 8XP8rience and dher f8Ctots that are o)rtsKlered to be rdevanL Acaual results m8y differ from thèsè estimates. Th6 èstimates and underfying 8ssUmpl￿S are reviewed on 8n cffjwng b￿s. Rèvisions to accounting estimates are rerognised Èn the PWKXI in whith the estimate is revised where the revision affects only that perK)d. or in (he period ol the revi&on and fulwe ￿1c￿lS whete lh8 revis*￿ altecis LK)th current and future perxxls. PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Oonations and legacles Unrestrlcted ReStrI￿ed lunds funds Ttstsl Unrestri¢Xed Restricted funds lunds Total 2020 2020 2020 2019 2019 2019 Donations and t¥ft5 CJRS Grant 434 2.659 524 1,560 3.183 560 I.￿0 1.560 Charitabl• activiti•s Charltable Charitabl• Income Ineom• 2020 2019 Sales wilhin tharitsble activrfi9S 52,435 59,2g6 Irwestm•nts Unre8trictod Unr8strict8d funds funds 2020 2019 Int&resl receiv81Je Other Income Tot4 Unrestricted funds 2020 2019 Busy fingtrs 190 PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Charltable actlvities Charltable Charltable ExpendltureExpendltu 2020 2019 Staff costs Oepreetation ar￿ rmpaim￿n1 Tralning Comput8r and intemet costs Con5umabte5 for chlldr8ll Rates and water I[￿uranCe Lty2hl and heat Teleplk)ne Premises services tharge Repairs and maintenanee SurKlries PrintirKJ and stati Bank charges Membership fees markeb.ng 41.229 45,721 5.215 1.214 17 3.970 240 1.895 337 895 744 972 994 3,573 574 799 1,020 450 3.289 207 213 82 172 97 35 102 65,605 Share olgoveman￿ costs {see note I 13 277 56.W2 65.882 An4lysls by tund un￿$triCted funds Restri¢led funds 50.872 5,730 59,030 6.852 56,602 65.882 Truste¢s None of the trustees lor any ￿rS0￿ (x)nnectgJ wih th￿ThI rewved any remuneration or benefits from the eharitat4e (xknpany during year. Employegs The av&rag8 monthly numb6r of emFloyegs du￿ng the year was: 2020 Numbèr 2019 Number PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Employees Ictsntlnuedl Employment costs 2020 2019 Wages and sa18ries Other pension cLJsts 40,975 254 45.439 282 41,229 4S.721 10 Tangible fixod assets Frg•hold land FIxtyJ￿ and •nd tsJlldlng$ ftttln06 Totsl Cost At 1 Seplember 2019 iltons 126,087 137.347 At 31 Augusl 2020 126.087 11,747 137.834 Dapreciatlon and rmpalrrnent At 1 September 2019 Oeprec#ats"on tharged in the year 38.279 4.3 7,894 578 46,173 4,968 At 31 Augusl 2020 42,669 8.472 51.141 Carrying amount At 31 A(oust 2020 83.418 3.275 86.693 At 31 August 2019 87.808 3,366 91.174 11 Dèbtor8 2020 Amounts lalllng due wlthln one year. 2019 Other debtors 370 42 12 Creditors.. amounts falllng duè within onè ygar 2020 2019 Other taxalion and scoal security Olhgr credltors 73 10- PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2020 13 R•strfct•d fvnds The income lund5 of Ihe ¢harity irKaude restricted funds comprising the fdlMng Unex￿nd￿j bdances of donations and grants hdd on trust for Spe(ir￿ ￿rpOSeS.. Movement In funds Mov•ment In funds I￿oMIng R•sour¢•s Èal•nce at Incomlhg •xp•rMlqd 1 *t•mber rn8our¢•s txp•nd•d 2019 Balan¢• at 2018 31 August 2020 8ulding G8ngr 104,384 2,132 15.2151 {1.6371 99.169 1.495 {4.968} 17621 94.200 824 106,516 16.852) 1￿.664 15.7301 95.024 14 Anatysl# of n•t assets betw￿￿ funds Unrè5trl¢ted Restrleteil fund$ funds 2020 2020 Total Unrestricted Restdcted hjnds funds 2019 2019 Total 2020 2019 Fund balances at 31 August 2020 are represented by.. Tar¢gible a&sets Currernt assetsl Ilrabslitiesl 86.693 91.174 91.174 24.765 8.331 33.096 20.100 9,490 29.590 24.765 95.024 119.789 20.1ts) 100,664 120.764 15 Rdatèd pgrty transactlons Ther8 were no disclosatrAe related paty trarksaclknns duhng the year12019- nona). Charlty Reglstratlon No. 1139219 Company Regi¥tratlon No. 06568931 (England and Wale81 PADBURY PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 PADBURY PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Jelf aalre McHenry L Read S D￿lon B F£xYd C Miah Secrètsry Gaire McHenry Charlty number 1139219 Company number 06￿931 Prlncipol addrès$ Padbury Pre Sd)(KA Burfding Padtwry C of E ScttK Main Slreet Padbury Buckinghamshire MK18 2AP Regi8t?red office Padbury Pre &thod 8uikling Padtwry C of E sch￿ Main Slreel Padbury Buckinghamshwe MK182AP Indgp•ndant examlnor Ad Valor8m A(¥ayJntsnGy Sorvi(w Ltd 2 Man(x Fam? C(wrt Cld Wdv&lon Road (Xd Wc4verton Mlton Keynes But*irvJhamshire K12 5NN PADBURY PRE-SCHOOL CONTENTS Page Trustees, repori Indep8TrJent exaMI￿S rep Statement crffin8na81 actiwlies Balance sheet Notes to Ihg fjnanaal statèments 5-11 PADBURY PRE4CHOOL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 The truslees wesent Iheir report and financial statements for the year ermled 31 August 2020. The financia statements hève been prepared in a¢￿dance wilh the a(xounting pc4iues set out in noie 1 to the finèncpl statements and ¢crfnply with the charitable companls tpveming doryJmentl. Ihe Companies Act 2006 and "Ac¢ounting 8nd Reporting by Charibes: Statement of Re(xxnmended Pr8Cl￿e ap￿iCable lo tharib'es preparing Iheir accounts in accordance wlh the Financi4 ReFthng Standard ap￿leS￿e in the UK and Republic of Ireland IFRS 102) leffe¢live 1 January 20191.. Objecttves and activities The trustees have paid due regard lo guldance éssued by the Charity CommI￿lOn In deciding what activélies tt7e charitable company shwld undertake. Achigv•ments and perfomianee Financial reyitw The trustees has assessed the major risks to vthich Ihe chantstle company is eXp￿d. aThJ arg sab"5fied thal Systems are in place to rnibgate exp￿￿re to the maiw risks. Structurey govemance and management The pre-school opèrates as a not for profrt C￿mpanY (limited by guarantee) regIste￿d Cor￿jan￿8 House and wè hold charitable status. We ernploy s8ven p8rt4ime stsff and wovide sèrvices to many local. 2-5 years d children. A¢hough we are 8 coinpany. we afe sèi up as a ctsnmittee wlh a chairperson. tré8surer 8nd S8cretary so that there are dear roles for al invofved. The trustees, who ale ￿s0 the dire(aors for the wrrx6e of ￿MpanY law. and who seNed during th8 year and p to the date of Sign8￿re of the finar￿la1 statsmenfs were.. TJdl Claire McHenry L Read L Howard C Rigg JHay P Norwe A Cornish A Griffiths P Bilimoria K Br8dbury M Witham S Dalton B Foord C Miah (Resfgned 2 June 20201 IRe&gned 29 January 20201 (R8signEd 31 August 20201 (Reggned 26 N¢)vember 20201 IReFA9ned 28 Janu8ry 20201 {Resgned 29 January 2020) (Resigned T Aprl 20201 {Resigned 2 September 2020) (ResKJnÈd 30 J8nuary 20201 None of lh& Irustees has any beneficia Intere￿ in the ￿Mpany. M of the trustees are members of the company and guarantee to ¢￿Ir+bute E1 in Ihe evenl ofa wnding up. The truslees, report was aFvoved by the Board ofTrust88S. Clalre McHe Truslots Dated.. PADBURY PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRE4CHOOL I report to the trustees my èxamination of the financial statemènts of P￿1t￿jry Pre-Sthoc4 (the charitabto cornpanyl for the year ended 31 August 2020. Rgspon8lbMltles and basls of r•port As the trustees of the charilabl6 company land also its directors for Ihe wfjx)ses of ojnpany law) you ara r85ponsible for Ihe p￿ParatIOn of the financial sl8lements in wilh the rffjuir8ments of the CompaniesAct 2006 Ilhe 2006 Actl Having satisfied myself ihat the stalemenls of the ch8fTtable o)mparry are not required io be audited under Part 16 of the 2006 Act and are eligibte lty independent examinalion, I report in respect of my examinatK)n of Ihe charitable eompany's financkql stalèfflenls carfied out under secbon 145 01 the Charities Act 2011 Ithe 2011 Acll. In carrying out rny examination I have frAlcwe(l all the aprlicable Oirections grven by the Charily C(¥nmissiffi under Sec1￿ 14515Xbl of the 2011 A¢L Independent examinerfs statemènt I have com￿￿ted my ex8minatK)n. I confirTn that ￿ mattèrs have o)me to my attèn11￿ In (*•nnectton with the exarnination giving m8 cause to believe that in any mat8rial resp8Ct.' accountlng records nol kept in res￿￿￿ of tha tharilatlg ojmpany as rvquired by section 386 of thè 2CX)6 Act,. or the financial ststements do not accord ¥￿th those re(x)Tds" or the ftnancial statements do not vrfh the accounb.ng requirements of se(lJ"M 396 of the 2006 Act other than any requirement that the accounts giv8 a true and larr wew whKth is not a mattèr u)nsidered as part ol an independent examination- or the financial stalemenls have not been prepa￿1 in aCcOrdar￿ wilh Ihe meth(xJs and princi￿eS of the Statement of Recommended Practsce for acc¢xJnting and reporting by charities applicable lo charities preparing iheir accounts in accordance the Financial Reporting StarKlard akwlicatrje in the UK and RepuL￿￿ of Ireland IFRS f 02). I have no concems and have Ix)me auoss matters in ojnnectffi *ith the exarrination to %Yhreh allenlion should be dr&Yn in this re￿1 in to enable a proper undetstarkying of the finan¢ial st8ternents to be reached. Nigel Adams FCCA Honorary Reporting AC(l￿nIan1 2 Manor Fami Court Old Wdverton Ro&J Old Wdverton Milton Keynes Bucklnghamshire MK12 5NN Dated.. ￿./.05].1611 PADBURY PRE4CHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020 Unrestrl¢ted Restrlcted lund¥ funds 2020 2020 Total UnrestricLed Restrktod funds funds 2019 2019 Total 2020 2019 Notes and Oonalions and legacaes ch8￿ta￿@ acbviiies Investments Othèr income 3,093 52,435 3.183 52,435 1,$60 59.296 59,296 19) 190 Total Ineame 55.537 55.627 60.055 61.055 CharIta￿e ath"vities 50,872 5.730 59.030 6.852 65,882 Net in¢omell6xpenditurel for the yearl Not movemont In funds 15.6401 197SI 1.025 15.8521 {4,8271 Fund ba18nces at 1 Septernber 2019 20.1fKI 1(KJ.664 120.764 19.075 106.516 125.591 Fun(1 balance$ at 31 August 2020 24.765 95.024 119.789 20.100 100,864 120,764 The statement of financial ac￿￿tleS I￿udeS all gain$ and losses reuNJnised in the year. l income and 6x￿nditUTe ￿￿7¥6 from conliNing acbth. The slatemént of finanoal activrfies also c(¥nplies wilh the reguirements lor an in(xxne and expenditure accwnt under the Comp8nies Act 2(K)6. PADBURY PRE-SCHOOL BALANCE SHEET ASAT31 AUGUST2020 2020 2019 Notes Fi￿d assets Tangible assets Current assets Debtors Cash 8t bank and in harKI 10 86.693 91,174 11 370 32.799 42 33.169 Cr8dltor8: amounts falllng dua wlthln on8 year 29.59) 12 (731 Nel cu¥r8nl assats 33.096 29.590 Totsl ass•ts less current Ilabilities 119.789 120,764 Income funds Reslricled funds Unrestficted funds 13 95.024 24.765 100.664 20,100 119.789 120.764 The company is entIl￿d to th8 8xgmptk>n from th8 audil rewiremont u>ntainod in 8gc*"on 477 of the C(mpani8S Act 2006, for the y88r eThJed 31 August 2020. The difectors aeknovledge Iheir r•S￿n￿blI iuès for ensuwing that the tharity keeps acrountirKJ records which compty with section 388 of the Act and for preparing finanaat statements ¥thlch give a true and fair view ol the State of affairs ol the Company as at th* gnd of thè financial y8ar and of ris in(tsning resour¢xs and applicah.on of f8sourcès. indLNJlng its Inc￿lle aThJ Ex￿d[ture. for Ihe financial year in accor(Sance vAth the requir8rnents of sections 394 and 395 and vthich olheThvL%e wrfti the requirements of the Ctmnpanias Act 20(￿ 1glalitYJ to f*nan¢ial stat8rnents, so far as aP￿icatI& to Ihe (x)mpany. Th& members have not requi￿ o)mpany to obtsin an audit of its finanaal statements for the ye8r in qU8StK)n in accordanc8 Sect￿ 476. These flnancAal ststemenls have been prepared In acct*daThx wlth the Fffthisions ap￿icat4e to r￿MpanIa$ subject lo th8 small CL¥npanies regin*. The financial stal8n￿nts w8re approv8d by Ihe Trl￿tee$ on .... aaire McHenry Trustoe Company Rsglstration N(K 06568931 PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Accoundng pollcles Charlty infomiadon Padbury Pre-Sthoc4 is a piiv81e company h'mrted by guaranteè ino)rpxx8ted in England and Wales. Th8 registered Offi￿ is Padbury Pre SdKKg 8uAding, Padbvry C of E Sthoc4. Main Street. Padbury, Buckinghamshire, MK18 2AP. 1.1 Accounting convention The financial stslernents have b88n prepared in aco)rdaThx the d)arilaN8 companls Igov8ming documenll. th8 Companies Act 2006 and "Acu)untsng and R9tyJrUng by Chqrrties.. Slalem8nl of R8comfflended Pr8¢ttce ap￿1¢able lo charibes prwring Iheir ￿)UnIS in aIxordan￿ wfth the Flnanc4al R8POrtlng Standard applicalAg in the UK and RepuNic of Ireland IFRS 102) {effectN8 1 January 20191" Th9 charltabb cx)rnpany is a Put41c Bengfit Entity as defined by FRS 102. The charitable (x)nwany has taken advantage ol the provi&ons in the SORP for tharths appAying FRS 102 Updat8 Bulletin 1 not to prepaie 3 Slatemenl of Cash Flow8. The financial ststemerrts are wepared in sterling. whith is th& fttnctional thrrew of the d)aritat4e company. Monetsry amounts in these financial statements are rounded lo Ihe neare81 £. The finanoal Stat￿ents hav8 been prepared under th& hislori(4 cost cffivenii(m. mc#Yified to indude th8 revaluath￿ of treehc4d properties aThJ to indvde investment prqjerties and certain fJnanci* instruments at fair value. The princApal 8crayJnting [￿￿¢8 ad4)ted a￿ set out Lwow. 1.2 Going concem At the time of approving tlE financial statements. Ihe Irust8es have a re3sonat4e 8xpectaUon that Ihe charital￿e company ha5 adequate resources to continue in operalional ￿￿$tenCe for the fO￿Se8ab1e futtjre. Thus the twstees corbtinue to adw the omcem b￿$ of accounting in preparing the finan(yal statements. 1.3 Charitablo fund$ un￿st￿Cled turKls ar8 avalaNe lor use af the disueb.on of th8 twstee$ in hjrtherance of Iheir charitaNè objectives. Restrieted funds are suLy'8ct to $￿ifiC by do￿[5 as to how may bb used. The purposes arKI uses of the rastricted lunds are set ¢JJt in the n￿95 lo th8 finaw statem8nts. EwKlowmenl fvnds a￿ subi8Ct to specffic c condtuons h8ve been mel, Ihe amounts can be me8sur*l reliably. aThJ il is [￿(￿atAe that in(x)me wll be received. Cash donations are rewgnised on teceipt. Other donalions aré rec4Jgnlsed once the charitable company has been notffied of the donatK)n. urtes5 perf(Mrnance condibons ￿quIre deferral of the 8rnc¥Jnt. Incomè lax recoverable in relatk>n to donati￿S r￿￿e￿ uThler Gift Aid or deeds of covenant is rècconisèd at Ihe time of the donati￿. L@ga¢ies are recognised on receipt (K othews& rf lh& charitabla Ix¥npany has begn notified of an ImpendirrfJ distribution, the amount is known. and rwipt L% eX￿ed. If the amount is not known. the legacy is tiealed ag a ¢xMtlruenl ass8L PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Accountlng polleles {Cr>ntlnu•d) 1.5 Tanglble Ilxed a88ets TangiblB fixed assets are initially measured at (xysl and subwuenlly Measu￿ at cost or VAluation, net of depreciatim any irnpaimient losses. Depreciation is reeognised so as kn wiite off the cost ￿ valuation of assets less their residua values ov8r their usefiA Iwes on Ihe frllvwirwj bases.. F￿eh￿￿ land and buiklin9S Fixtures and frttings 5% Red￿￿Tra batan 15% Rethjcing balance The gain or 10s5 arising on the disposal of an a&8et i8 detemiined as the difference belv￿en thg sale w0ce￿I$ and the Carrying value of the asset. and is ￿¢(￿jnised in nel inCml{expenditu￿) for the year. 1.6 Impaimi•nt ot fixed a¥s9ts Al each reporting end date. the chawitable company revivws the carrying amounts of its tangl1￿e assets lo determine whether there is any indication that Ilx)se assets have suffered an impairrnenl loss. If afty such ndicalion exists. the recoveraue amount of the ass8t is esbmated in order to detem)ine the extent of the impairmenl loss any). 1.7 Cash and Cash equt¥41¢nts Cash and Gqsh equlvalents indude 13sh in harKI. deposits W at call wth banks. olher short-terni liqukl investments with original maturilies of Ihre6 M￿1hS or 1888. aThJ bank overdrafts. Bank overdrafts a shown wllhln borrowngs in cuffent Ilabiltties. 1.8 Flnanclal Instnjments Thè charitable (x)mpany has elected to apply the ￿ti￿s1OnS of Sett￿ 11 'Ba$c Financial Instruments, and Section 12'01h8r Finan￿￿ Instruments Issues. of FRS 102 to al of its financia instnjments. Finaneial instruments are rec(yJnised in the tharilat4e wmpanrfs balan￿ sheet when the charitaN8 company beo)mes paty to the contractual FXOViSi(￿S of the instwmenL FinarKial assets and lialilit￿$ are offset. the nel 8nKMJnts presented In Ihe finan(ial statements, ￿en there is a legAlly enforceable right to sel off the ￿(X)gniSed affrK￿nts aThJ there is an intention lo settle on a net basis or to realise the asset and settle Ihe liat¥lity simLAlaneougy. 8asic finan¢lal assets Bas￿ financial assets. which indwle debtors and (ash and bank balances. are initially measured at transact￿ price induding transactK)n costs arKI are subs8quenlJy earned at amortised cost using the effective interest method urless the afrangement Ix)nstr(utes a finanang transaction, where the transaction Is measured at Ihe present vaue ol the tulure re(%fjpts discounted at a market rate of inlerest. Finanrial aSS8ts dassified as receivalAe within one year are arTh)rti%ed. PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2020 Aeeoundng pollcl•s {Contlnu•dl Baslc finènci?I liabililies Basic financial liabilities, ind￿1￿j C￿110￿ a￿1 bank loans are initF8lly re(x)gnised al trans8etKin price urtess the arrangemenl (x)nsblules a finan¢ing tr8nsactKJn. where the debt instrument Is measufed at the pr8senl value of the fulure payments dtS(OLtnted at 8 markel fate of interesL Fin8ncial liabdities dassrfied as payS￿e within one year are not 8rTh)rtised. Debt instruments are subsequentty (%￿1ed 8t amorbsed cost. u%ThJ Ihe effec*ve interest r8te m8th0d. Tradè creditor5 are ot4igats.ons lo pay for goTrls (K seThicès that have been acquir8d in the ordinary coursè of opefations from suFylie(s. An￿ntS parab￿ are dassthed as current liat¥lities il payment is due within one year or less. If not. they are presented as nowurrent Ikabilib"es. Tiade c¥editors are r8cognised initially at trar*saction prfcé ar￿ sub5equenlJy measured * amorti￿1 cost using the effective interest m8thod. Deracognltlon of Ilnanclal Ilabllltlas Financlal lfiabilities are d8reccoJnised when the thaiitable conwanys iYJntraclual obllgation5 expire or a discharged or canc811ed. 1.9 EmF4oyee ber￿ffits The cost of any unused hclK1ay entsuement is recc•Jnis¢d in Ihe ￿riod in vthich the &m￿oYee'S servi￿8 A￿ recesved. Temiination benefits are recogntsed immedialety as an expense when the L*a¥itabl& coryany is denThJnslrably commilted to teminate the ewntAoymenl of an em￿tsYee or lo wovide (ern)inatK)n txnefits. 1.10 Retlr•ment beneflt5 Payments to defined eonlributh)n retirement benefft sthemes are charged a5 an expense as Ihey fall due. Critical 8¢¢ounting esthn&l83 and judgèments In the application of the charilat4e cC￿pan￿$ ar￿)Un￿r￿J Fdicies. thè tmstees a￿ requir￿1 lo make ju(Igemenls, estimates 8nd assumptKJns about the Gqrrying arTh￿nt of assels 8nd liabilities thal are not readily apparent from other sources. The estimates arml assooated asSuMpti￿S are based on historitAI 8XP8rience and dher f8Ctots that are o)rtsKlered to be rdevanL Acaual results m8y differ from thèsè estimates. Th6 èstimates and underfying 8ssUmpl￿S are reviewed on 8n cffjwng b￿s. Rèvisions to accounting estimates are rerognised Èn the PWKXI in whith the estimate is revised where the revision affects only that perK)d. or in (he period ol the revi&on and fulwe ￿1c￿lS whete lh8 revis*￿ altecis LK)th current and future perxxls. PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Oonations and legacles Unrestrlcted ReStrI￿ed lunds funds Ttstsl Unrestri¢Xed Restricted funds lunds Total 2020 2020 2020 2019 2019 2019 Donations and t¥ft5 CJRS Grant 434 2.659 524 1,560 3.183 560 I.￿0 1.560 Charitabl• activiti•s Charltable Charitabl• Income Ineom• 2020 2019 Sales wilhin tharitsble activrfi9S 52,435 59,2g6 Irwestm•nts Unre8trictod Unr8strict8d funds funds 2020 2019 Int&resl receiv81Je Other Income Tot4 Unrestricted funds 2020 2019 Busy fingtrs 190 PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Charltable actlvities Charltable Charltable ExpendltureExpendltu 2020 2019 Staff costs Oepreetation ar￿ rmpaim￿n1 Tralning Comput8r and intemet costs Con5umabte5 for chlldr8ll Rates and water I[￿uranCe Lty2hl and heat Teleplk)ne Premises services tharge Repairs and maintenanee SurKlries PrintirKJ and stati Bank charges Membership fees markeb.ng 41.229 45,721 5.215 1.214 17 3.970 240 1.895 337 895 744 972 994 3,573 574 799 1,020 450 3.289 207 213 82 172 97 35 102 65,605 Share olgoveman￿ costs {see note I 13 277 56.W2 65.882 An4lysls by tund un￿$triCted funds Restri¢led funds 50.872 5,730 59,030 6.852 56,602 65.882 Truste¢s None of the trustees lor any ￿rS0￿ (x)nnectgJ wih th￿ThI rewved any remuneration or benefits from the eharitat4e (xknpany during year. Employegs The av&rag8 monthly numb6r of emFloyegs du￿ng the year was: 2020 Numbèr 2019 Number PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Employees Ictsntlnuedl Employment costs 2020 2019 Wages and sa18ries Other pension cLJsts 40,975 254 45.439 282 41,229 4S.721 10 Tangible fixod assets Frg•hold land FIxtyJ￿ and •nd tsJlldlng$ ftttln06 Totsl Cost At 1 Seplember 2019 iltons 126,087 137.347 At 31 Augusl 2020 126.087 11,747 137.834 Dapreciatlon and rmpalrrnent At 1 September 2019 Oeprec#ats"on tharged in the year 38.279 4.3 7,894 578 46,173 4,968 At 31 Augusl 2020 42,669 8.472 51.141 Carrying amount At 31 A(oust 2020 83.418 3.275 86.693 At 31 August 2019 87.808 3,366 91.174 11 Dèbtor8 2020 Amounts lalllng due wlthln one year. 2019 Other debtors 370 42 12 Creditors.. amounts falllng duè within onè ygar 2020 2019 Other taxalion and scoal security Olhgr credltors 73 10- PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2020 13 R•strfct•d fvnds The income lund5 of Ihe ¢harity irKaude restricted funds comprising the fdlMng Unex￿nd￿j bdances of donations and grants hdd on trust for Spe(ir￿ ￿rpOSeS.. Movement In funds Mov•ment In funds I￿oMIng R•sour¢•s Èal•nce at Incomlhg •xp•rMlqd 1 *t•mber rn8our¢•s txp•nd•d 2019 Balan¢• at 2018 31 August 2020 8ulding G8ngr 104,384 2,132 15.2151 {1.6371 99.169 1.495 {4.968} 17621 94.200 824 106,516 16.852) 1￿.664 15.7301 95.024 14 Anatysl# of n•t assets betw￿￿ funds Unrè5trl¢ted Restrleteil fund$ funds 2020 2020 Total Unrestricted Restdcted hjnds funds 2019 2019 Total 2020 2019 Fund balances at 31 August 2020 are represented by.. Tar¢gible a&sets Currernt assetsl Ilrabslitiesl 86.693 91.174 91.174 24.765 8.331 33.096 20.100 9,490 29.590 24.765 95.024 119.789 20.1ts) 100,664 120.764 15 Rdatèd pgrty transactlons Ther8 were no disclosatrAe related paty trarksaclknns duhng the year12019- nona).