2021-08-31-accounts - The Daiglen School Trust Limited

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	to	14
Statement ofFinancial Activities		15
Balance Sheet	16 to		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes to the Financial Statements	20	to	29
Detailed Statement ofFinancial Activities		30

				2021	2020
				Unrestricted	Total
			Notes	funds f	funds
INCOME	AND ENDOWMENTS FROM
Charitable	activities		3
School				1401,897	1,302,392
Investment	income			4612	8 008
Total				1406,509	1,310,400
EXPENDITURE ON
Charitable	activities
School				1,400474	1,518,306
NET INCOME/(EXPENDITURE)				(93,865)	(207,906)
RECONCILIATION		OFFUNDS
Total funds	brought forward			1,199,064	1,406,970
TOTAL FUNDS CARRIED FORWARD				1 105199	1,199 064

						2021		2020
						Unrestricted		Total
						funds		funds
				Notes
FIXEDASSETS
Tangible assets				12		568,767		605,942
CURRENT ASSETS
Debtors				13		379,596		435,406
Cash at bank and in		hand				667457		816,965
						1,046,953	1,252,371
CREDITORS
Amounts falling	due within one year			14		(448421)		(577,749)
NET CURRENT ASSETS						590432		674 622
TOTAL ASSETSLESSCURRENT
LIABILITIES						1,167,199		1,280,564
CREDITORS
Amounts falling due alter			more than one
year				15		(62,000)		(81,500)
NET ASSETS						1105199		1 199,064
FUNDS				16
Unrestricted funds:
General fund						449,920		528,197
Freehold property		fund				455479		470,867
Major repairs	fund					150,000		150,000
Bursary fimd						50000		50,000
						1105199		1199064
TOTAL FUNDS						1105199		1 199064
The charitable	company		is entitled to exemption		from audit under	Section 477 ofthe Companies		Act 2006
for the year ended 31August 2021.

			CASH FLOW	STATEMENT
		FOR THE YEAR ENDED 31AUGUST 2021
				2021	2020
			Notes	f
Cash flows from operating activities Cash generated &om operations			i	~347986)	~598780)
Net cash used in operating		activities		~347 86)	~598,780)
Cash flows from investing		activities
Purchase oftangible fixed assets				(6034)	(22,932)
Interest received				4612	8 008
Net cash used in investing	activities			~)622)	~14,924)
Change in cash and cash	equivalents
in the reporting period				(149,608)	(6)3,704)
Cash and cash equivalents		at the
beginning ofthe reporting		period		816965	1,430669
Cash and cash equivalents		at the end
ofthe reporting period				667257	816965

ACTIVITIES		F	OW FROM	PERATING
Net expenditure for the reporting ofFinancial Activities) Adjustments for:	period (as per	the Statement	2021 f (93,865)	2020 f (207,906)
Depreciation charges Interest received Decrease/(increase) in debtors Decrease in creditors			43,409 (4,612) 55,810 ~748 728	54,076 (8,008) (337,075) ~99867
Net cash used in operations			~147986	~798788)
ANALYSIS OF CHANGES IN NET FUNDS
Net cash		At l/9/20	Cash flow f	At 31/8/21 f
Cash at bank and in hand		8168l65	~149,608	~667 57
		816,965	~149,608	~667 57
Total		~816965	~149,608	~667 57

			2021	2020
			f
Deposit account	interest		~4612	~8008
INCOME FROM CHARITABLE ACTIVITIES
			2021	2020
		Activity
School fees		School	1477,982	1,262,298
Clubs dt activities		School	17,682	17,737
Other ancillary	income	School	6433	3,953
Grants		School		18404
			~23~01 097	I 302.392

	CHARITA	BL	E ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 5)	note 6)	Totals
				f.
	School			~207913	12461	~2400 74
5.	DIRECT COSTSOF CHARITABLE ACTIVITIES
					2021	2020
	Staffcosts				1,002431	985,747
	Other operating		leases		21463	12,204
	Donations				2,940	2,033
	Other teaching		costs		42,178	72,885
	Catering				96,093	72,089
	Premises costs				95,170	224,181
	Administration		dc finance costs		76,625	64,990
	Scholarship	award			7 tt04	12,752
	Depreciation				43409	54 076
					~207 913	I 500957

		2021	2020
		f,
Auditors' remuneration Auditors' remuneration Depreciation - owned Other operating leases	for non audit work assets	8,000 581 43,409 ~21 63	8,000 8,574 54,076 ~12 204

STAF	FCOSTS
		2021 f	2020
Wages Social Other	and salaries security costs pension costs	797486 74,466 130+79	784,521 71,260 129,966
		~7992 31	923,747

	2021	2020
Teaching	28	29
Other	5	5
	33	34

The num f60,000	ber of employees whose employee be was:	nefits (excluding employer pension co	sts) excee
		2021	2020
f70,001	- f80,000		1
f80,001	- f90,000

Within Other pension costs the pension costs relating to the defined benefit schem (2020:f121,101)and to the defined contribution scheme are f9,804(2020:K8,865).	Within Other pension costs the pension costs relating to the defined benefit schem (2020:f121,101)and to the defined contribution scheme are f9,804(2020:K8,865).	e are f120,475
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted
		funds
INCOME AND ENDOWMENTS FROM
Charitable activities
School		1,302,392
Investment income		8,008
Total		1,310,400
EXPENDITURE ON
Charitable activities
School		1,518,306
NET INCOME/(EXPENDITURE)		(207,906)
RECONCILIATION	OFFUNDS
Total funds brought	forward	1,406,970
TOTAL FUNDS CARRIED
FORWARD		I,199064

			Improvements
	Freehold		to	Fixtures	Computer
	property		property	dt fittings	equipment	Totals
			6	6	6
COST
At I September 2020 Additions	779478		62474	273,454 ~5696	182,893 538	1498499 ~634
At 31August 2021	~779	78	~62 74	~279 150	~183431	1~04 33
DEPRECIATION
At I September 2020	308,510		52,806	154,005	177,036	692457
Charge for year	~15	588	~1954	~21691	~4176	~43409
At 31August 2021	~324	098	~54760	~175696	~181 12	~735766
NET BOOKVALUE
At 31 August 2021	~455	80	~7814	~103 454	~219	~568767
At 31August 2020	~470	868	9,768	119,449	5,857	~605 942

	Fees &extras Other debtors Prepayments and accrued income	Fees &extras Other debtors Prepayments and accrued income			2021 f 358,106 1,690 ~19800	2020 f 411,405 694 ~23 307
					~379 96	~435 406
14.	CREDITORS: AMOUNTS FALLING		DUK WITHIN ONE YEAR
					2021 f	2020
	Trade creditors Social security and other Other creditors Fees &extras Fee deposits due within Accrued expenses	taxes 1 year			21,020 17,084 18,941 372435 5,000 ~14141	87,022 16,226 19,086 426,602 7,500 ~21 313
					~448 21	577749
15.	CREDITORS: AMOUNTS FALLING		DUE AFTER MORE THAN		ONE YEAR
	Fee deposits repayable				2021 f ~62 000	2020 ~81 500
16.	MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1/9/20 f	in funds	funds f	31/8/21
	Unrestricted funds
	General fund Freehold property fund Major repairs fund Bursary fund		528,197 470W7 150,000 50000	(70473) (15~8) ~704	(7,904) 7904	449,920 455479 150,000 50000
			1199064	~9306		1,105199
	TOTAL FUNDS		1199064	~93,060		1105199

						Incoming	Resources	Movement
						resources	expended f	in funds
Unrestricted		funds
General	fund					1406W9	(1476~2)	(70473)
Freehold Bursary	property fund		fund				(15488) ~7904	(15488) ~7904
						~106509	~34M 74	~93065)
TOTAL	FUNDS					~106 09	~1400 74)	~930~65
Comparntives		for	movement	in funds
						Net	Transfers
						movement	between	At
					At I/9/19	in funds	funds	31/8/20
					f
Unrestricted		funds
General	fund				720,515	(46,988)	(145,330)	528,197
Freehold	property		fund		486,455	(15,588)	-	470,867
Major repairs Bursary fund		fund			150,000 500110	(132,578) ~12752	132,578 12752	150,000 50000
					1 406,970	~207 906		1 199064
TOTAL	FUNDS				I 406 970	~207 906	.	I 199064

			Incoming	Resources	Movement
			resources	expended f	in funds f
Unrestricted	funds
General fund			1,310,400	(1,357,388)	(46,988)
Freehold property		fund		(15,588)	(15,588)
Major repaim Bursary fund	fund			(132,578) ~)2752	(132,578) ~12752)
			I 31040D	~1518306	~207 906
TOTAL FUNDS			I 310400	~1518306)	~207 906)

					Net	Transfers
					movement	between		At
				At 1/9/19	in funds	funds		31/8/21
				f.
Unrestricted	funds
General fund				720,515	(117,361)	(153,234)		449,920
Freehold property		fund		486,455	(31,176)	-		455,279
Major repairs Bursary fund	fund			150,000 50 000	(132,578) ~20 656)	132,578 20 656		150,000 50 000
			1 406 970		~30),771		1	105 199
TOTAL FUNDS			I	406 970	~30)771)	.	I 105 199

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			2,616,909	(2,734,270)	(117,361)
Freehold property Major repans fund Bursary fund		fund		(31,176) (132,578) ~20,656)	(31,176) (132,578) ~20 656)
			2616909	~29)868D	301 771
TOTAL FUNDS			26169D9	t2 918 680)	~30) 771)

	THE DAIGLEN SCHOOL TRUST LIMITED	THE DAIGLEN SCHOOL TRUST LIMITED
	DETAILED STATEMENT OFFINANCIAL ACTIVITIES
	FORTHE YEAR ENDED 31AUGUST 2021
		2021	2020
INCOME AND ENDOWMENTS
Investment income
Deposit account interest		4,612	8,008
Charitable activities
School fees		1477,982	1,262,298
Clubs 8cactivities		17,682	17,737
Other ancillary income		6433	3,953
Grants			18404
		~303897	1302392
Total incoming resources		1406~9	1,310,400
EXPENDITURE
Charitable activities
Wages		797486	784,521
Social security		74,466	71,260
Pensions		130479	129,966
Other operating leases		21463	12,204
Donations		2,940	2,033
Other teaching costs		42,178	72,885
Catering		96,093	72,089
Premises costs		95,170	224,181
Administration dt finance costs		76,625	64,990
Scholarship award Depreciation oftangible fixed assets		7,904 43409	12,752 54 076
		1487,913	1,500,957
Support costs
Governance costs
Auditors' remuneration		8,000	8,000
Auditors' remuneration Legal fees	for non audit work	581 ~30	8,574 775
		12461	17349
Total resources expended		~3 400 74	I 518306
Net expenditure		~93 06	~207906)