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FAIRFIELD P N E U SCHOOL BACKWELL LIMITED

Registered charity 310215 · accounts filings on the Charity Commission register · also known as FAIRFIELD SCHOOL

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Latest income
£1.3m
Latest spending
£1.3m
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the school reported a surplus of £68,195 for the year ended 31 August 2024, with unrestricted reserves totaling £1.65 million. However, the trustees announced the school's closure at the end of the 2024-25 academic year due to an unsustainable financial forecast driven by declining pupil recruitment, rising operating costs, and the introduction of VAT on school fees.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£78k)
“One employee received emoluments in excess of £60,000 (2023: one).” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee received emoluments in excess of £60,000 (2023: one).” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“As stated in note 1, there are events or conditions that indicate that a material uncertainty exists that may cast significant doubt on the charitable company’s ability to continue as a going concern.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Three governors (Mr E Falconer, Mr R Hoy and Mr T Morgan) had children educated at the school between 1 September 2023 and 31 August 2024). All governors pay full fees for their children’s education at the school subject to the benefit of any discounts, scholarships and bursaries for which they are eligible and which are potentially available to all parents.
“Three governors (Mr E Falconer, Mr R Hoy and Mr T Morgan) had children educated at the school between 1 September 2023 and 31 August 2024). All governors pay full fees for their children’s education at the school subject to the benefit of any discounts, scholarships and bursaries for which they are eligible and which are potentially available to all parents.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Corrigan Accountants Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2024)

Total income
£1.3m
Total spending
£1.3m
Reserves (reported)
£1.7m
Employees
43

Reported reserves equal ~15.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: North Somerset

Income and spending

Financial year endIncomeSpending
31/08/2024£1.3m£1.3m
31/08/2023£1.2m£1.2m
31/08/2022£1.1m£1.0m
31/08/2021£987k£927k
31/08/2020£911k£990k

Common questions

Is FAIRFIELD P N E U SCHOOL BACKWELL LIMITED financially healthy?

The accounts state that the school reported a surplus of £68,195 for the year ended 31 August 2024, with unrestricted reserves totaling £1.65 million. However, the trustees announced the school's closure at the end of the 2024-25 academic year due to an unsustainable financial forecast driven by declining pupil recruitment, rising operating costs, and the introduction of VAT on school fees. Its FY2024 accounts were audited by Corrigan Accountants Limited.

What does the highest-paid employee of FAIRFIELD P N E U SCHOOL BACKWELL LIMITED earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.