2023-08-31-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	30
Detailed Statement ofFinancial Activities		31

	FORTH	E YEAR ENDE	D 31AUGUST 2023
			2023	2022
		Notes
Cash flows from operating activities Cash generated from operations		1	~574)	~13,290)
Net cash used in operating	activities		~574	~13,290)
Cash flows from investing	activities
Purchase oftangible fixed assets			(34,927)	(37,750)
Sale oftangible fixed assets Interest received			521 6,007	1,484 ~3029
Net cash used in investing	activities		~28 99)	~33,237)
Change in cash and cash	equivalents
in the reporting period			(2$,973)	(46,527)
Cash and cash equivalents	at the
beginning ofthe reporting	period		620,830	667,357
Cash and cash equivalents	at the end
ofthe reporting period			.591,857	~620 830

	At 1/9/22	Cash	flow	At 31/8/23
				5
Net cash
Cash at bank and in hand	620,830	~28,973)		591,857
	620,830	28,973		591,857
Total	~620830	~28	/3	~591857

Freehold	properly	2% on cost
Improvements to property		10%on cost
Fixtures	Ecfittings	10%on cost and 10%on reducing balance
Computer	equipment	33%on cost, 25% on cost and 25%on reducing balance

		NOTES TO	NOTES TO	THE FINANCIAL STATEMENTS	THE FINANCIAL STATEMENTS	—continued	—continued
			FORTHK YEAR ENDED 31		AUGUST 2023
2.	INVKSTMKNT	INCOME
							2023	2022
	Deposit account	interest					6,007	3,029
3.	INCOME FROM CHAMTABLE ACTIVITIES
							2023	2022
				Activity
	School fees			School			1,448,995	1,267,107
	Clubs &activities			School			22,177	25,113
	Other ancillary	income		School			10,546	2,670
							1,481,718	1,294 898
4.	CHARITABLE ACTIVITIES COSTS
					Direct		Support
					Costs	(see	costs (see
					note	5)	note 6)	Totals
	School				1,474,171		11,783	1,485,954
5.	DIRECT COSTSOF		CHARITABLE ACTIVITIES
							2023	2022
								6
	Staffcosts						992,993	971,281
	Other operating	leases					11,610	18,316
	Donations						2,910	2,645
	Other teaching	costs					64,663	58,132
	Catering						151,860	119,381
	Premises costs						112,591	122,171
	Administration	&finance costs					63,925	70,403
	Scholarship award						22,678	17,745
	Bad debts written off						4,930
	Depreciation						46,011	44,919
							1,474.171	1,424,993

SUPPORT COSTS
			Governance
			costs
School			11,783
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		2023	2022
Auditors' remuneration		8,000	8,000
Auditors' remuneration	for non audit work	1,224	1,381
Depreciation - owned assets		46,012	44,917
Other operating leases		11,610	18,316

The average monthly number ofemployees	during the year was as follows:
	2023	2022
Teaching	22	23
Other	5	5
	27	28

The num 660,000	ber of employees whose employee be was:	nefits (excluding employer pension co	sts) excee
		2023	2022
680,001	- f90,000	1	1

COMPAR	ATIVES	F	OR THE STATEMENT OFFINANCIAL	ACTIVITIES
				Unrestricted
				funds
INCOME	AND ENDOWMENTS FROM
Charitable	activities
School				1,294,890
Investment	income			3,029
Total				1,297,919
EXPENDITURE ON
Charitable	activities
School				1,437,094
NET INCOME/(EXPENDITURE)				(139,175)
RECONCILIATION			OFFUNDS
Total funds	brought	forward		1,105,199
TOTAL FUNDS CARRIED
FORWARD				966,924

						2023	2022
						8
	Fees &extras					455,898	393,260
	Other debtors					390	390
	Prepayments and accrued income					11,791	21,915
						468,079	415,565
14,	CREDITORS: AMOUNTS FALLING			DUE WITHIN	ONK YEAR
						2023	2022
	Trade creditors					1,540	61,659
	Social security and	other	taxes			17,347	17,003
	Other creditors					17,152	18,900
	Fees &extras					507,488	438,573
	Fee deposits due within		1 year			7,000	5,500
	Accrued expenses					18,624	17,852
						569,151	559,487
15.	CREDITORS: AMOUNTS FALLING			DUE AFTER	MORE THAN	ONE YEAR
						2023	2022
						8
	Fee deposits repayable					71,500	71,000
16.	MOVEMENT IN	FUNDS
					Net	Transfers
					movement	between	At
				At 1/9/22	in funds	funds	31/8/23
					g
	Unrestricted funds
	General fund			326,333	40,037	(22,678)	343,692
	Freehold property	fund		439,691	(15,5SS)		424,103
	Major repairs fund			150,000			150,000
	Bursary fund			50,000	~22 678	22,678	50,000
				966,024	1,771		967,795
	TOTAL FUNDS			966,024	1,771		967,795

				Incoming	Resources	Movement
				resources	expended	tn funds
Unrestricted	funds
General fund				1,487,725	(1,447,68$)	40,037
Freehold property Bursary fund		fund			(15,588) ~22 678	(15,588) ~22,678
				1,407725	~1485954	1771
TOTAL FUNDS				1,487,725	~14S5&6~4	1,771
Comparatives	for	movement	in funds

Comparatives	for	movement in	funds
				Net	Transfers
				movement	between	At
			At 1/9/21	in funds	funds	31/8/22
Unrestricted	funds
General fund			449,920	(105,842)	(17,745)	326,333
Freehold property		fund	455,279	(15,588)		439,691
Major repairs Bursary fund	fund		150,000 50,000	~17,745)	17,745	150,000 50,000
			1,105,199	139,175		966,024
TOTAL FUNDS			1,105 199	~)39)75)		966,024

			Incoming	Resources	Movement
			resources	expended	in funds
			8
Unrestricted	funds
General fund			1,297,919	(1,403,761)	(105,842)
Freehold property Bursary fund		fund		(15,588) ()7745)	(15,588) ~77745
			1,297.919	~)437094	139175
TOTALFUNDS			1297919	~)437094	~)39)75)

			Incoming	Resources	Movement
			resources	expended	in funds
				I,
Unrestricted	funds
General fund			2,785,644	(2,851,449)	(65,805)
Freehold property Bursary fund		fund		(31,176) ~40,423)	(31,17@ ~40,423)
			2,785,644	~2,923,048	~(137,404
TOTAL FUNDS			2,7115644	~2 923 048)	~337~04)