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|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|
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||||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|
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|||||||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|