## ## |||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)|