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2020-08-31-accounts

Reference and AdmInistrative Reference and AdmInistrative Information
Report ofthe Trustees 2-7
Independent
Auditor's		 Report 8-9
Statement
of Rnancial		 Activities 10
Balance Sheet
Cash Flow Statement 12
Notes to the Financial Statements 13-23

Unrestricted Restricted
Notes Funds Funds 2020 2019
R R R R
Income and endowments from:
Donations,
grants and legacies		 66,232 66,232
Chadtable
activities
Education —School fees 839.182 839,182 1,101,091
Investments 685 685 1,241
Other income 1,761 2,714 4,475 11,592
Total income 907,860 2,714 910,574 1,113,924
Expenditure
on;
Charitable
activities
Education 4, 5 983,229 6,763 989,992 1,060,203
Total expenditure 983,229 6,763 989,992 1,060,203
Net income/(expenditure) 6 (75,369) (4,049) (79,418) 53,721
Net movement
in funds		 (75,369) (4,049) (79,418) 53,721
Funds brought
forward at		 I Sept 16, 17 1,456,425 23,297 1,479,722 1,426,001
Funds carried forward at 31 Aug 16, 17 1,381,056 19,248 1,400,304 1,479,722

airfield
PNEU School (Backwell) Limited
 airfield
PNEU School (Backwell) Limited
alance Sheet as at 31 August 2020 (Company
number:		 00814684)
Notes 2020 2019
K K
Fixed assets
Tangible assets 10 1,273495 1,275,929
Current assets
Stocks 250 250
Debtors 23,216 43,143
Cash at bank and in hand 283,764 325,587
307,230 368,980
Creditors: amounts falling due within one year 12 (180,421) (157,829)
Net current assets 126,809 211,151
Total assets less current liabilities 1,400,304 1,487,080
Creditors: amounts falling due after more than one 13 (7,358)
year
Net assets 1,400,304 1,479,722
The funds ofthe School:
Unrestricted
funds
General fund 16 1,107,235 1,182,604
Property revaluation reserve 16 273,821 273,821
1,381,056 1,456,425
Restricted funds 16 19,248 23,297
Total School funds 16, 17 1,400,304 1,479,722

ash Flow Statement
for		 the y e ar ended 3 1 Aug ust 2020
2020 2019
8 8
Cash used in operating
activities
Net movement
in funds		 (79,418) 53,721
Add back depreciation
charge		 8,992 13,533
Deduct interest income shown in investing activities (685) (1,028)
Add back interest expense shown in financing
activities 22 492
(Increase) /decrease
in stock
(Increase) / decrease
in debtors		 19,927 (5,261)
Increase
/		 (decrease)
in creditors		 22,400 (48,239)
Cash used in operating
activities		 28,760 13,218
Cash flows from investing activities
Interest income 685 1,028
Purchase
oftangible
fixed		 assets (6,558) (46,420)
Cash used In investing
activities		 5,873 45,392
Cash flows from financing activities
Repayment of borrowings (7,168) (6,987)
Interest paid (22) (492)
Cash used in financing
activities		 7,190 7,479
Increase
/		 (decrease)
in cash and		 cash (41,823) (39,653)
equivalents in the year
Cash and cash equivalents at the beginning ofthe 325,587 365,240
year
Total cash and cash equivalents atthe end ofthe 283,764 325,587
year
Analysis
ofnet funds:
1 Sept Cash Other 31 Aug
2019 flows movements 2020
8 8
Cash af bank and in hand 325,587 (41,823) 283,764
Debt due within one year (7,171) 7,169 (7,358) (7,360)
Debt due after one year 7,358 7,358
Net debt / funds 311,058 34,654 276,404

2020 2019
B K
Donations 300
Donations for new building fund
Government grant —Coronavirus Job Retention Scheme 58,068
Government grant —Early Years Funding 7,864
66,232

N
3		 otes to the Financial State
Investment
income		 ments
for the		 year ended 31 August 2020 (continued)
2020 2019
R
Interest receivable 685 1,241
All ofthe School's investment income arises from money held in interest bearing deposit accounts.
4 Analysis of expenditure on charitable activities
4 Analysis of expenditure
on charitable		 activities
Other
Staff direct
costs costs 2020 2019
8
Teaching 596,710 74,622 671,332 665,534
Welfare 67,107 3,112 70,219 88,391
Premises 14,248 76,506 90,754 110,313
Support costs (see note 5) 38,543 51,684 90,227 131,523
School operating costs 716,608 205,924 922,532 995,761
Governance costs (see note 5) 47,400 20,060 67,460 64,442
Total resources expended 764,008 225,984 989,992 1,060,203
~P
Other
Staff direct
costs costs 2019
K
Teaching 551,363 114,171 665,534
Welfare 86,174 2,217 88,391
Premises 15,046 95,267 110,313
Support costs (see note 5) 42,652 88,871 131,523
School operating costs 695,235 300,526 995,761
Governance costs (see note 5) 44,397 20,045 64,442
Total resources expended 739,632 320,571 1,060,203

overnance
costs and othe
he year.		 r support
costs are		 apportioned to charitable
a		 ctivities
un		 dertaken
in
Support Governance
costs costs Total Basis of
R allocation
Wages and salaries 35,399 35,350 70,749 Time spent
Employer's
social secudty costs		 915 3,679 4,594 Time spent
Employer's
pension costs		 2,229 8,371 10,600 Time spent
Catering 17,998 17,998 Support
Advertising 9,535 9,535 Support
Printing, postage, stationery and telephone 6,274 6,274 Support
Computer costs 13,805 13,805 Support
Equipment
hire		 4,072 4,072 Support
Legal costs 13,070 13,070 Governance
Audit and accountancy 4,587 4,587 Governance
Bank charges 877 877 Governance
Loan interest 309 309 Governance
Pension scheme charges 1,217 1,217 Governance
Bad debt costs Governance
Other sundry costs As invoiced
90,227 67,460 157,687
Support Governance
costs costs Total Basis of
K R allocation
Wages and salaries 41,011 35,000 76,011 Time spent
Employer's
social security costs		 1,503 3,657 5,160 Time spent
Employer's
pension costs		 138 5,740 5,878 Time spent
Catering 37,099 37,098 Support
Advertising 23,142 23,142 Support
Printing, postage, stationery and telephone 7,225 7,225 Support
Computer costs 13,389 13,389 Support
Equipment
hire		 7,497 7,497 Support
Legal costs 12,011 12,011 Governance
Audit and accountancy 5,435 5,435 Governance
Bank charges 906 906 Governance
Loan interest 492 492 Governance
Pension scheme charges 1,200 1,200 Governance
Bad debt costs 1 1 Governance
Other sundry costs 519 519 As invoiced
131,523 64,442 195,964

et income /(ex penditure)
for the year is stated after char		 ging:
2020 2019
R 8
Operating leases —equipment 7,150 7,320
Loan interest payable 308 492
Auditor's remuneration 4,560 5,040
Depreciation -on owned assets 8,992 13,533
Staff costs and numbers
2020 2019
R S
Wages and salades 616,959 631,842
Employer's social security costs 45,601 40,701
Employer's pension costs 101,448 67,089
764,008 739,632
he averag e
number		 of employ ees
during the year, calculate		 d
on a full-time
equivalent
b		 asis was:
2020 2019
No. No.
Teaching (including Teaching Assistants) 16 19
Administration 4 4
Catering 2 2
22 25

otes to the Financial Statements
f
0
Tangible fixed assets		 or the year ended 31 August 20 20 (continued)
Freehold Furniture
land and and
buildings equipment Total
B B B
Cost:
At
1 September 2019		 1,411,592 320,404 1,731,996
Additions 6,558 6,558
At 31 August 2020 1,411,592 326,962 1,738,554
Depreciation:
At
1 September 2019		 146,577 309,490 456,067
Charge for year 3,670 5,322 8,992
At 31 August 2020 150,247 314,812 465,059
Net book value:
At 31 August 2020 1,261,345 12,150 1,273,495
At
1 September 2019		 1,265,015 10,914 1,275,929
Freehold
land and buildings:
Purchases and additions at historical cost 1,137,771
Revaluation 273,821
Deemed cost as at date of transition to Charities SORP (FRS 102) 1,411,592
11
Debtors
2020 2019
B
School fee debtors 6,996 24,330
Prepayments and accrued income 16,220 18,813
23,216 43,143
12
Creditors: amaunts		 falling due within one year
2020 2019
B B
Bank loan 7,360 7,171
Trade creditors 8,517 23,535
Deposits paid in advance 26,750 27,000
Accruals 16,648 21,307
Deferred income —fees received in advance 110,585 67,138
Other taxes and social security 10,561 11,678
180,421 157,829

Notes to the Financial St to the Financial St atements
for the year ended 31 Augu		 st 2020 (continued)
13 Creditors: amounts falling due after one year
2020 2019
5 R
Bank loan 7,358
14 Bank loans (secured)
2020 2019
Amounts falling due within one year 7,360 7,171
Amounts falling due after one year
Between one and two years 7,358
Between two and five years
In five years or more
7,360 7,358
7,360 I4529

Equipment leases payable: 2020 2019
5
Within one year 7,829 7,330
Between one and five years
7,829 7,330

6
Analysi		 s of m ovement in funds
AI I AI 31
September Investment August
2019 Incame Expenditure garne Transfers 2020
2 2 E E
UnrestrIcted
funds:
General
Fund		 1,182,604 907,860 )983,229) 1,107,235
Property Revaluation Reserve 273,821 273,821
Total unrestricted funds 1,456,425 907,860 983,229 1,381,056
Restricted funds:
Parents'
Fund		 4,200 4,200
New Building Fund 10,824 10,824
PTA Fund 8,273 2,714 6,763 4,224
Total restricted funds 23,297 2,714 6,763 19,248
Totalfunds 1,479,722 910,574 989,992 1,400,304
AI I At 31
September Investment August
2013 Income Expendrture garne Transfers 2019
E E E E E 9,
Unrestdicted
funds:
General
Fund		 1,131,827 1,109,048 (1,058,271) 1,182,604
Property Revaluation Reserve 273,821 273,821
Total unrestricted funds 1,405,648 1,109,048 1,058,271 1,456,425
Restricted funds:
Parents'
Fund		 4,200 4,200
New Building Fund 10,824 10,824
PTA Fund 5,329 4,876 1,932 8,273
Total restricted funds 20,353 4,876 1,932 23,297
Totalfunds 1,426,001 1,113,924 1,060,203 1,479,722

7
Analysis		 of net assets between
funds
Tangible Net
sxed current Long term At 31
assets assets Sabgltles August 2020
0 2 2
General
Fund		 999,674 107,561 1,107,235
Property
Revaluation		 Reserve 273,821 273,821
Total unrestricted funds 1,273,495 107.561 1,381,056
Restricted funds:
Parents'
Fund		 4,200 4,200
New Building
PTA Fund		 Fund 10,824
4,224		 10,824
4,224
Total restricted funds 19,248 19,248
Total funds 1,273,495 126,809 1,400,304
Tangible Net
sxed current Long term At 31
assets assets sabgltles August 2019
0 2 0 2
General
Fund		 1,002,108 187,854 )7,358) 1,182,604
Property Revaluation Reserve 273,821 273,821
Total unrestricted funds 1,275,929 187,854 )7,358) 1,456,425
Restricted funds:
Parents'
Fund		 4,200 4,200
New Building Fund 10,824
8,273		 10,824
8,273
Total restricted funds 23,297 23,297
Totalfunds 1,275,929 211,151 )7,358) 1,479,722