2023-08-31-accounts

Mary Hare Trustees, Report and Financial Statements For the year ended 31 August 2023 •} Securing the future of deaf children and young people RegI￿red number. 3085006 Registered charity number 1048386

MARY HARE (A company limited by guarantee) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Page Reference and administrative details of the company. its Govemors, Directors and Charity Trustees and advisors Twstees. report 4-20 Independent auditors, report on the financial statements 21-24 Consolidated slalemenl of financial activities 25 Con501idated balance sheet 26 Company balance sheet 27 Consolidated statement of cash flow5 28 Notes to the financial statements 29-54

MARY HARE (A company Ilmited by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS, DIRECTORS AND CHARITY TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 AUGUST 2023 Welcome The year started with the opening of our brand-n8w Primary School and the yOL¢ngesl Mary Hare pupils entering their new school for the first lime. This was the culmination of a project of signrficanl undertaking - both in the planning and financing. Our commitment to building a Primary School for young deaf children, that meets all their needs and enables them lo learn in a language-rich environmènt. goes lo the heart of what Mary Hare sets out lo do. Every deaf child has the right lo access the same curriculum as any other child in the UK. Al Mary Hare we choose to do this by focussing on a few key aspects of a child's education.. A physical environment that enables maximum uso of residual hearing Specialist teachers. speech Iherapisls, audiologists and other professionals who understand their needs A focLES on the development of written and spoken English As the UK'S largest single cohort of deaf children and young people, there is the added benefit of providing a large peer group for every child and, perhaps even rnore importantly, the opportunty lo make lots of friends- something that is so often denied o dgaf child attending a mainstream school. So for the past year, we 01 Mary Hare have been continuing to do what we see as essential- that is lo support young deaf people along their journey to academic or vocational success. with the aim of equipping them for life after school. whether that be further education or a career. We see this as our mission. especially as so many deaf young people do not benefit from the same opportunities as their hearing peers. According lo a report published by the Education Policy Institute in March 2023, 'In 2019. the deaf children's attainment gap was equivalent lo 8.8 months of learning at key stsge 1 lage seven). 12.0 months al key stage 2 {age eleven) and 17.5 months al key stage 4 {age sixteen). The deaf GCSE gap can also be expressed as a gap in the mean grades for GCSE English and maths of 1.3 grades per subject. The syze of the gap in months is almost twice as large for GCSES as at key slage 1, and this reflects larger learning gaps as children get older and the school curriculum expects a greater volume and complexity of knowledge." In this Report we will highlight the achievements of the young people attending Mary Hare School and the support they get from a wide range of highly specialist, experienced professionals. We hope you will enjoy reading about some of these inspifational young deaf people and everything we have achieved during the year. Andrew Strivens. Chair of Governors Robin Askew, CEO and Principal Page 1

MARY HARE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS, DIRECTORS AND CHARITY TRUSTEES AND ADVISOR$ (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Charity Trustees, Directors and Governors

A J Strivens (Chair) G M Bisset S A Butcher (Appointed 1 September 2022) D Clements (Appointed 1 September 2022) S Greenhalgh P J Ludlow (Resigned 7 July 2023) A N R McAlpine BJ McGhie AW McPhail M J E Penfold (Appointed 1 September 2022) T M Polack (Appointed 1 September 2022 -Deputy Chair from 25 September 2023) C M Rowles RA G Sanders-Rose QBE J P Sharpe (Resigned 31 July 2023 - Deputy Chair to 31 July 2023) J Shepherd (Appointed 16 January 2023) G L C Woods

Principal and Chief Executive Officer

R A Askew (Appointed 1 September 2022)

Chief Operating Officer and Company Secretary

PK Robson

Executive Team

RA Askew Principal and Chief Executive Officer EL Kennett Vice Principal - Pastoral J L McMillan Development Director P K Robson Chief Operating Officer S Stefano Director of Care S J Strudley Vice Principal -Curriculum and Achievement

Company registered Number:

3085006

Charity registered Number:

1048386

Address and Registered Office:

Arlington Manor Snelsmore Common Newbury Berkshire RG14 3BQ

Page2

MARY HARE (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS, DIRECTORS AND CHARITY TRUSTEES AND ADVISORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Independent Auditor Crowe U.K. LLP Aquis House 49-51 Blagrave Street Reading Berkshire RG1 1PL Bankers National Weslminsler Bank PLC 30 Market Place Newbury Berkshire RG14 5AJ Sollcltors Spires Legal Limited Oxford House Parkway Court John Smith Drive Oxford Business Park Oxford OX4 2JY Wilsons Solici(ors Alexandra House Sl Johns Street Salisbury SP12SB Page 3

MARY HARE (A Company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The Trustees submit their report and the audited accounts lor the year ended 31 August 2023 prepared in accordance with applicable accounting standards and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectnie 1 January 20191. Mary Hare Grammar School for the Deaf was established as a charity in the late 1940$ in the form Of a charitabl8 trust. The charity was incorporated on 28 July 1995 under company number 3085006 and the name of the company was changed on 28 February 2005 to Mary Hare. The charity is registered with the Charity Commission under number 1048386. The Trustees, Directors and Governors. the principal Company officers, the registered Offi￿ and the professional advisors are as shown under the Reference and Administrative detsils on pages 2 and 3. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Documents On 3 November 2016, a Resolution was passed lo approve the revised Articles ol Association which were thereby adopted as the document under which the company is governed. These replaced the former Memorandum and Articles ofAssoci81ion. Board of Trust¢gs l Governing Body The Charity Trustees are directors, members and Governors of the Company. The Trustees are appointed by the Board of Trustee5, subject to retirement and Te*lection procedures al a General Meeting. Full details are contained in the ¢ompanrfs Artides of Association. The Board of Trustees has estsblished sU￿)mMitteeS to deal with certain specifie aspects of Mary Hare's affairs. The principal sub-committees and memberships in the year were.. Comm5tt¢e Membership Care & Educatlon Committee Finance Committee J Sharpe {Chair to 31.07.231 S Butcher (from 1.09.22- Chalr from 27.11.23) D Clements S Greershalgh P Ludlow {to 7.07.23} A McPhail M Penfold Ifrom 1.09.22} R Sanders-Rose A Slrivens G Bisset Ichairl A McAlpine M Penfold (from 1.09.221 J Shepherd {from 16.01.23) A Slrivens HR & Governance Commltteg CEO Performance Panel A Strivens (Chairl B McGhie T Pola¢k (from 1.09.221 C Rowles J Sharpe Ilo 31.07.231 J Sharpe (Chair lo 31.07.231 P Ludlow (to 7.07.231 A McPhail (Chair from 27.11.231 A Slrivens T Pollack (from 27.11.23} Page 4

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 New Trustees are inducted into the workings of the Charity on appointment and appropriate training is arranged. Organisatlon Mary Hare The Trustees determine the general policy and strategy of Mary Hare and have various duties in respect of appeals Pro￿dureS and safeguarding. The Prin¢ipaVChief Executive Officer of Mary Hare coordinates total resources and activities across the range of Mary Ha￿ interests and activrties. Other senior roles also have responsibilities across the organisation, reflecting the broader slru¢lure of Mary Hare activities. Mary Hare School For the year ended 31 August 2023, the day lo day management of Mary Hare School was the rèsponsibility of the Chief Executive Officer. Robin Askew, working with the Executive Team and for the school the Senior Leadership Team. Robin was appointed as Principal and CEO from 1 September2022 following the retirement of Peter Gale on 31 August 2022. Mary Hare Professlonal Courses This division coordinates the provision of training both in postgraduate educatson of teachets of the deaf and training of professionals and pradilioners in deaf education and audiological science. As well as providing for variety of award bearing courses. il runs a range of day courses and conferences. The Bunvood Contre The Centre provides independent assessments for babies and children diagnosed with a hearing loss. The Cenlre's income is derived from assessment fees paid by the families. charitable donations and support from unreslricled income. The reports produced are wholty independent and Mary Hare is determined lo uphold the independence of the Burwood Centre. Mary Hare Services Llmited The company is a wholty owned trading subsidiary of Mary Hare carrying out commercial aclivtties to raise funds for Mary Hare. Activities include rental of facilities including the Arlington Arts Centre for events and the main campus and grounds for a summer school. Mary Hare Services Limited is not a registered charity. The Mary Hara Foundatlon The Mary Hare Foundation is a separ*e charity established under a trust d$ed in 1991. The sole purpose of the Foundation is lo raise funding for major Capital programmes and other projects undertaken by Mary Hare. Vision Securing the future of deaf children and young people. Mlsslon Mary Hare transforms the lives of deaf children and young people by off8ring them a highly specialist leaching and leaming environment where they develop their understanding and use of English and achieve their full polenlial. The School supports them lo increase their ￿nfidenCe and self-e5teem and the resilience they will need lo succeed on leaving school. Pupils are educated in a safe and happy environment where friendships can ￿ourish. Page 5

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Strategic Aim$ Build our expertise in d8Jaf education to further develop a curriculum which provides fuifilment to all our students and facilitates their becoming engaged members of society. Evaluate the nature of MH students of the future to inlorm long term planning. Work for continuous improvement in Care with the aim of achieving Outstanding in Care inspection Support families to secure a place al Mary Hare Seh¢ol and ensure whole school numbers remain viable. Provide a voice for families of deaf children choosing a special school for their chikl by communicating our key messages lo the outside worfd, including policy makers. Revisit the sile development plan with particular regard lo the vocational building and new facilities for Sports, dance and drama while simultaneously a￿d￿ssing the fabric of the existing secondary school. Maximise the relum from our commercial activities, both existing and new developments, for the benefit of Mary Hare. To develop staff unity by promoting a 'one school. approach with all departments working together in support of the overall aims and values of the school. Key messages Mary Hare School is the largest special school for deaf childron and young people serving the needs of deaf young people from all over the UK. Mary Hare School immerses deaf children in spoken and written English with the aim of closing the language gap and enabling them to access the full national curriculum. Mary Hare School removes barriers lo leaming for deaf childien. Mary Hare is one school serving the needs of deaf children from Reception age to Sixth Form. Mary Hare School enables ils pupils to leam and socia]ise within a peer group of deaf young people. Mary Hare School supports the choice of parents about where they want their child lo be educated. Mary Hare School offers a full curriculum including GCSES, BTecs and A levels with highly specialised support with the aim of improving the life chances of the young people attending. Prlnclpal Activities Mary Hare School is atthe heart of Mary Hare's work. Ourfocus is on providing an education fordeaf children and young people through spoken and written English. W& put language atthe centre ofourapproach coupled with the expertise of teachers, speech therapists, audiologists and other specialist professionals. We use technology to oplimise the learning experience along with a physical environment that favouts the use of residual hearing. Mary Hare is a Non-mainlained Special School for deaf children and young people from 4- 18 years of age. opefating from a single campus near Newbury. PLtpils come from all over the UK with a small number from overseas. Mary Hare's Professional Courses Division trains teachers of the deaf through poslgraduale eourses provided in partnership with the University of Hertfordshire. Page 6

MARY HARE (A company limlted by guarantse) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Commercial activities carried out by our trading subsidiary Mary Hare Services Ltd include the letting of school facilities for an inlemalional language school and lo other organisalions. the lelling of the swimming pool for swimming lessons and various other communrty Uses,. and the letting of the Arlington Arts Centre for commercial theatre. conferences and other events. Income from all Mary Hare's commercial 8Ctivilies provtdes the school with additiorial funds. STRATEGIC REPORT Robin Askew took up his new role as CEO and Principal on 1st September. Addressing the whole organisation at the start of the academic year, he said he was looking fotward to focussing on the basics.. Leading by example,. being visible., listening and reflecting on feedback. demonstrating commitment.. showing fairness and consistency and embracing change. He summarised by saying. We are an inspirational school where pupils can achieve their ambitions and we help ensure their future independence. We are ambitious in what we want to achieve for our pupils and for our sf(e developrnenl. We have the potential lo be outstanding and we musl work together a5 one Coaordinaled body of staff who share the same high expectations and standards.. With the building of the new Primary School on the main campus, Mary Hare has pul an emphasis on promoting a'one School ethos, throughout the o¥ganisalton. This has meant that staff in the Secondary School have been able lo support some leaching in the Primary School. On a more practical level the chiklren al the Primary School can now walk lo the swimming pool rather than lrnvel the six mile journey from the old site. and have been able to join in whole school events like the Rernembran￿ service in front of the manor. In January 2023 the School was inspected by Ofsted Social Care and the School was judged lo be 'Good'. The inspectois said.. 'Children receive support from dedicated staff who are passionate and enthusiastic. Childien make great progress academically, and many spoke oflheirgiowing confidence and sense of idenlty since joining the school. Children speak powerfully of the journey from mainstream education into specialist provision. which for some through the tribunal process has been a challenging and prolracled process. They highlight a sense of belonging, the value of a shared experience and the strong friendships ?nd bonds that they make with other children.. 'Thinking Matters. was launched in the Primary School and 'Thinking Frames. has been embedded across the curriculum in secondary. The aim is to strengthen pupil independent leaming skills, equipping them with transferrable skills. There has also been an emphasis on encouraging reading for pleasure with a review of reading data and turrenl assessments. Pupils showing less progress in reading hav& been offered additional support. Further up the School in 6 Form the has been a review of pathways for KS4 including EBACC subjects and an altemalive curriculum pathway. with the aim of offerbng pupils a more inlorffled options process leading to appropriate pathways for individual pupils. This year saw the introduction of BSL as a formal qualification al KS415 to refflect the Government's new recognised slalus of BSL. The technology used in the classroom to amplify pupils and staff has been completely upgraded to a wireless system. This was achieved wf(h some support from donations lo the Mary Hare Foundalion1£40.0001. AII pupils have microphones and are able to connect via streaming devices to their own personal amplification systems. All this continues to put the emphasis on being able lo hear both the teacher and other pupils, lo encourage pe$r lo peer leaming. Page 7

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2023 During the yearwe Irialled Ihe'Brilliant Club. program lo support disadvantsged pupils. The Brilliant Club is a registered charity that works with schools and universities across the UK. They mobilise the PhD community to 5UPPOrt student who are less advantagèd lo access the most competitive universities and succeed when they get there. PhD tutors share their subject knowledge and passion for leaming with small groups of pupils al Mary Hare we have concentrated on Year 8 and this project will continue into 2024. We have been promoting opportunities for community engagement and inclusion of faf(h groups within assemblies and to that end welcomed two visiting speakers.. Rabbi Zvi, leading work on understanding Judaism and Sakhya Prima delivered an assembly and wothshops relating lo HindL*ism and Dwali. A fvll review of school software systems (including the use of SIMS) was introduced with the aim of consolidating dats and making best use of existing and new SO￿are systems. This will lake al least 2 years to complete. During the year there were numerous events and extra<urricutar activities for pupils throughout the school. September 15l saw the arrival of the youngest pupils on their first day al their new Primary School. There was great ex¢il8ment as they discovered their new classrooms, art room, dining hall and all the other facilities in this purpose-buitt sch¢)ol for deaf children. The occasion was marked by BBC South Today on the evening Another great excitement during the year was the King's Coronation. which pupils marked in a number of ways. The older Children had a lea-paty lo mark the occasion and the Primary pupils welcomed the Mayor of Newbury who watched the children printing their own coronation t4hirts. Pupils went on many trips and outings, including a visit lo the Roman remains al Littlecote, a chance lo experience the life outdoors al Oxenwood for the Primary pupils. whilst pupils from Cole's Diner walked the canal path from Newbury to Hungerford - anij back again. The whole school joined together lo mark Remembrance Day in a moving service in front of th¢ Manor. Speech Day welcomed fom)er pupils back lo receive their awards for their many achievements during their time al Mary Hare. The sun shone for Sports Day and once again pupils of all ages showed their delormination, teamwork and support for each other on the track and field. On the May bank holiday. the S¢h(X•l welcomed visitors to its Open Day. Thirty-six families were given lour5 of the si(e by year 11 pupils. The head prefects welcome(I visitors with a talk about their time al Mary Hare. inspiring the young visitors and encouraging them lo sel their sights high during their school years. Mental Health AwaTenes5 Week was marked activities organised by our Wellbeing team. Secondary pupils and staff enjoyed a Wellbeing Walk and used the time to Conned with each other. Our Primary pupils played games around the beaulifvl grounds. Educational Achievements and Performance GCSE Results The GCSE results were a demonstration of the hafd work of the year 1151udenls, with 720kn of GCSE grade5 achieved at Grade 4 and above and 740h of students taking both English Language GCSE and Maths GCSE achieving a Grade 4 and above. Page 8

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Jack Jennings. whose results included an 8 in English Language and 7 in Food Technoloyy summed it up- "l am so relieved lo have passed all nine of my GCSES and, in particular, l am delighted to have achieved an 8 with Merit for English Language. I truly believe I could not have achieved these great results had I not moved lo the Mary Hare School in Year 8. 1 would like lo thank all my teachers and l am looking forward lo Sixth Fom al Mary Hare. Studying A Level E￿nOMIcS and Media Studies, akjng wlh a BTEC in Business Studies pIusAS Core Mathematics." Another student. Eleanor Davis. achieved a 7 in Fine Art and a 6 in Textiles. Eleanor shared how she fett leading up lo resutts day. I fert nervous and scared before my results bLrt I knew I had worked hard. Today I feel good, especially aboui my art and textiles, and also happy and proud of my friends." Tilty Moutiie achieved an 8 in Mathematics and 7 in French, Chemistry and Perfomiing Arts and shared her next plans for Sixth Fom.. "l am extremety pleased with my tesuts and would never have gotten here wi(hout the amazing teachers al Mary Hare. l am now going into Sixth Form and wll be slu¢Jying Maths. Chemistyand French A Levels. l am especially Proud of my French grade as this wasa￿ayS myfavourite subjectand l am nowplanning to get an Al" Key Slage 4 GCSE results Summer 2023 summary 25 pupils took GCSE, Entry Levels and Level 1&2 courses exams al the end of Year 11. 72% of GCSE entries achieved grade 4 or above, with an average grade of 4.23. Mathematics Overall percentage levels 4-9 = 73%. Four studenls118¥.1 gained a level 7 or above. lish Lan ua Overall percentage levels 4-9 - 740 li it lure Overall percentage leve15 49 = 79% 19 Students took Mathematics and English Language, 74QA of students gained a Grade 4 or higher in both exams. Page 9

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2023 GCSE results 50 45 40 35 30 25 20 15 io Grade 8 Grade 7 Grade 6 Grade 5 Grade 4 Number of pupils Number of 9rades Y&ar 11 destinatMs 8 students left Mary Hare at the end of Year 11. They left lo go to mainstr8am colleges local to their home. The remainder moved on to the Form al Mary Hare. A Level and BTEC rosults summer 2023 This year students achieved a 100% pass rate for grades A" lo E in A Levels aftd a Pass to Distindion ' in Level 3 Diplomas and BTECS. Students pursuing vocational qualthcalions al levels 1 and 2 aiso excelled. securing 1000h of passes across qualfficalions including Beauty Therapy. Animal Care, Chiklcare, Catering and Constwcb"on, to name a few. One student. Nicole. ￿lebrate an A. in her Level 3 Diploma in Childcare and reflected. Achieving this grade in Childcare Level 3 has been an arnazing way to end 2 years of essay wrrting and work placements. This will be perfect stepping stone for me to study Occupational Therapy and then hopefully Play Therapyl Thank you so much lo my teacher and TA for all Iheir help and 5UPPOrt.' Vemon achieved an A in Biology and Chemistry and a B in Mathemat￿S and shared his plans for his next steps." "Looking at my resutts, I could not have been prouder. I have worked haFd in every lesson and persevered through the years. This attitude is the reason I passed my exams with flying colours. l am looking forward to the nexl chapter of my lrfe in UnTversty of Manchester to study BiomeLlical scien￿." Emity achieved A" and an A in Fine Art. Textiles. and Graphics and was involved in lots of arts projects in her "me at Mary Hare. "I worked so hard. Some of the projects I really enjoyed and they made me feel happy. Thank you lo my art lÈa¢hers. they taught me everything. Now that I've passed my A Leve15, 1 arn going lo study Fine Art al Univer5ty of Lancashire,. I'm excited and at the same time neNous bth I CAn'l wart. I will miss Mary Hare.. NumefOUS stories of success are worthy of ¢elebralion as 100/. of studen15 were offered pla￿$ in their first or second choice Universty Pla￿rnent. while others embarked on their next steps in college. apprenticeships. employment, or gap years_ Students have accepted a tange of courses including subjects such as Biomedical Scien￿, Arch"rtecture, Childhood studies wf(h Iherapeulic play, History, Fine Art an($ Graphics. Page 10

MARY HARE (A company limited by guarante8) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 6th Form Destinations 25 20 15 io UniversItylcollege Apprenticeship Gap Year Employment Year 14 Other achievements Throughout the year the Principal gives awards lo students who have excelled in a wide range of ways. Some examples this year included." Dylan. who demonstrated gre81 care for the environment by picking up litter throughout the school,. Lewis, who reached a fantastic milestone when he recetved a commendation certificate for his determination lo learn how to swim, so that he could go on lo participate in the sch¢X)I Swimming Gala.. Year 7 pupil, Hazel, participated in the Newport Marathon completing the 2km Famity Fun Run., and Kaiden was nominated for a commendation for his approach to speech and language therapy sossions. During the year he reached his full provision of individual therapy, achieved his speech therapy targets and showed great enthusiasm throughout his sessions. Sixth Former Nicole is an activist al Young Minds, a mental health charity for children, young people and their parents. Nicole took part of their campaign #Endthewait which also involved speaking in front of MPS in a 5 minute talk around the need for support for young people and their mental health. 'Leading up lo the event, I had been assigned as the Youth Speaker for the day. I spent hours on end preparing what I was going to soy. and tried to think of all the different aspects of myjourney and how this supported the #EndTheWail campaign that could be covered in 5 minutes. I had so much support from my mum and th& staff from Young Minds. It was an amazing opportunity lo talk to MPS and answer any questions they had regarding the campaign. Most MPS I spoke lo were not that familiar with the work Young Minds do, so this event really spotlighted the whole ethos of the charity working with young people to advocate for change for young people. Most MPsltheir secretaries listened attentively, and il fell as though they were keen lo ad and make a differen¢e for the young people in their constituency." Page11

MARY HARE (A company limited by guaranteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Streamlinèd Energy and Carbon Reporting ISECRI This is the first year of slrearnlined energy and carbon reporting for Mary Hare. Greenhouse gas IGHG} emissions and energy use data for the period 1 September 2022 to 31 August 2023 is as follows.. UK GHG Emission and Energy Data 2022-23 Energy Consumption used to calculate emissions Kwh all mandato sources are included. 4.201,240.2 Scope 1.. Emissions from thè combustion of Gas IC02e 731.8 Scope I: Emissions from the combustion of Natural Gas tC02e 55.7 Scope 1: Emissions from the combustion of Fuel for Trans ort IC02e Scope 2: Emissions from purchased electricity tC02e 207.9 Scope 3: Emissions from business travel in employee-owned vehicles, where mil&age reimbursed b Ma Hare IC02e Total Gross C02e ItC020) 1006.1 Intensity Ratlo: Kg CO2e gross based on mandatory fields above per square metre of Gross Internal Area.. K C02e bein 16,548m 60.80 Kg C02e m" Methodology and Thlrd Party Verification An evidence-based methodology was adopted in accordance wlth BS EN ISO 14064-3.'2019, Section 4.3; verifiable data has been collected from the following sources.. Energy Data: Energy metering, Supplier invoices, summarie$ and statements. mileage logs for vehicle fleet expense Claims for business Mileage and correspondence with suppliers. Emission Conversions.. All emission factors for C02¢ have been calculated using Defra Conversions 2023 in accordance with Defra guidelines, as the period covers four months of 2022 and eight months of 2023. Reporting Perlod: The SECR disclosure is for the Financial year 1 September 2023 to 31 August 2023 Intensty Ratio: The Intensity Ratio is based on the Gross Intemal Area {GIAI as kilograms of CarbDn-Dioxide equivalent (Kg C029 m- l. Grey Fleet- Where applicable, consumption was converted using Defra conversions, based on the information provided, miles ￿Claimed as a total cost al rates payable or miles claimed. Where slle. type and fuel are unknown. these have b8en calculated using averages. Page 12

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Energy Action Plan A successful grant bid has facilitated the Commissioning of eonsultants to develop a decarbonisalion plan. The rinal report will be made available in Spring 2024 and recommendations will be considered for developing a long-temi plan for reducing carbon emissions from acliviti&s. Subject lo capital expendlture priorilisalion we will progress replacement of oldeT legacy heating systems and lighting with more modern heat pump systems and LED Iwhling. Mary Hare's Snelsmore Common Campus has approximately 55 acres of mature woodland. Each acre of woodland sequesters approximalety 1.9 IC02 per annum (according lo the Woodland Carbon Code) and therefore il is estimated that 105 tC02 helps to offset the totsl Greenhouse gas emissions by approximately 100A. Flnan¢lal Rovlew An analysis of Mary Hare's financial performance for the year by activity 18 as follows.. 2022123 2021122 2020121 £OOO's £OOO'$ £OOO's Mary Hare School Burwood Centre Trading Activf(ies 15041 1531 250 1.104 1fj61 202 13701 1611 55 13081 99 13771 56 Joint Venture Activities 89 12091 479 1.329 16.269 11.4281 12161 13211 11,2501 11,1461 Actuarial Gainllloss) on DBPS Pension costs Exceptional item - Prior year accounts adjustment" Exceptional item - Net gain on sale of Mill Hall Exceptional iiem - Fundraising Total Surplu$ l {Defl¢ltl 1971 571 1.530 618 80 The financial perfomiance in 2022123 was impaded by the external pressure from the general economic climate with significant pressure on costs, in particular, energy costs and the high general inflationary pressures through the year. Desprte these pressure5, overall the fesull for the year is encouraging. ￿th the continuation of good levels of fundrai5ed income thanks lo the generosFty of our donors and further growth in commercial activities contribution has helped offset the relatively small operational deficiL Pupil numbers declined over the previous year wf(h a large cohort leaving the sixth form havin9 completed their studies. Additionally, there were fewer than expected new pupils al the primary school, although these numbers have Continued to rise since the opening of the new buildings. Desplte the overall reduction in pupil numbers fee income was only marginally lower than the prior year al £14.525 121122 £14,551}. During the period the average numbei of employees rose by 2.7% 10 301 121122 - 2931 with fvll lime equnialents being 250121122- 247). This increase was despite challenges in recruiting some vacancies which ((self resulted in lower costs than anlicipaled. The majority of the additional roles are within Care reflecting the extra support needs of some students in our residential piovision. P8ge 13

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 With the completion ofthe New Primary School in the previous yearfundraised income was loweras expected. although still remains al a good level. The continued fundraised income into this financial period iesulled in the Mary Hare Foundation and the Fundraising Team Taising the target of £4 million, 8 remarkable achievement. The Mary Hare Trustees would like to acknowle(Ige all the efforts by everyone involved in helping their vision become a reality. Growth in income from the cornmercial activities continued this year following a strong perfomiance post Covid-19 in 21122. During the summer of 2023 the Inlemalional Summer School was again held wtth more overseas students, again, helping the trading atlivilies lo deliver increased income over the previous year. Arfinglon Arts hosted more events in the year offering a wide variety or arts and cultural experiences. Investment in the estate continued in 2022123 with projects including the relaying of the main school driveway, commencement of works lo re-line the School's swimming pool, further works replacing glazing in offices and residential houses and the moves of student accomrnodation. Given the age of some of the estate, there was also significant spend in the year for repairs and maintenance of eore infraslruclure including upgrades to some healing and electrical systems. The overall financial f8suII has again been impacted by the annual revaluation of Mary Hare's share in the Royal County of Berkshire Pension Scheme IRCBPSI, which following the exceptional positive movement in valuation saw a smaller improvement at 31 August 2023. In particular. changes in the discount rale during the year continued to posilDiely impact the overall scheme valuation, resulting in an actuarial gain of £479k in the year for Mary Hare's share. Mary Hare employees participate in three pension schemes.. The Royal County of Berkshire Pension Scheme IRCBPS) defined benefit Scheme (closed lo new members afteT 31 December 20181 The Teachers, Pension defined benefit Scheme ITPSI; and The People's Pension defined contribution Scheme (established 1 January 2019 for all non-teaching staff joining from that date onwards). The RCBPS scheme reflects the majority of Mary Hare's pension obligations. Each financial year end under the requirements of FRS 102. the amount of money owed lo meet our pension obligation5 under the RCBPS has to be recalculated and netted against the revised asset value, resulting in a revised net liabilty or surplus. For the accounting period ended 31 August 2022, pension scheme adjustments lolalling £381 k Inel gain) were included, resulting in an overall liability under the scheme of £1,3S8k. This compares with a pension deficit liability in 2021122 of £1,739k. The drivers for the valuation improvement were the financial assumptions used by the scheme actuary including the discount rale used is provided by pension advisers who refer lo18oxx AA rated over 15 years Corporate bond rates. The assumptions used in the valuation relate lo the discount rate linveslmenl return). pension increases and salary increase assumptions and are reviewed èvery year for the purposes of the FRS102 calculations. The nel cost included in the accounts includes losses on fixed asset investments of£766k, principalty negated by interest received on assets of £714k. In addition, £308k of positive contribution related lo changes in demographic assumptions aligned to average lrfe expectancy impacting the period members. pensions are expected lo be paid out for. Every three years a formal actuarial valuation of the entire RCBPS is undertaken. Ils purpose is lo value the assets and liabilities of each individual employer and the pension fund as a whole, with a view to setting employer contribution rates that will result in each employer's liabilities becoming as close lo fulty funded as possible over the agreed recovery period usually several years away. The latest valuation has resulted in an increase in the regular employer contribution r8le effective April 2023 for three years lo 21.70/0. Additionally. the lump sum payments from April 2023 have been Teduced lo £125k per annum. These ¢honges are reflected in the financial strategy and ￿ected in the three year forecast projections. Page 14

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 The TPS is a mulli-employer defined benefit scheme, as such, il is n¢1 possible or appropriate lo segregate the assets or liabilities that are attributable lo Mary Hare, therefore, undor the requirements of FRS 102 Mary Hare accounts for this scheme as if it were a defined contribution scheme. The overall ￿$h balance at the year•end was £3,100k, an increase of £894k from the prior year. This was driven by operational cash inflows of £1.252k netted against ouffiows of £358k which primarity related to the purchase of fixed assets £323k. Exeluding the FRS 102 pension adjustments Mary Hare feturned an operating deficit of £504k. Plans for the Future The year ahead sees a focus on encouraging reading for pleasure throughout both primary and secondary schools. New inrtialives and strategies with both staff and peer lo peel support will be introduced. monitored and evaluated lo help pupils progress in reading. Initiatives such as the introduction of reading buddies arbd paired reading sessions will be introduced as interventions where this improves the experieTrce for pupils. With the primary school settled in to the new building 2023124 sees a continuation of the 'One School. approach with primary and secondary stsff sharing knowledge and sequencing of curriculums betsveen key stage 2 and 3. As an example ELS phonie scheme will be used throughoLrt primary with dedicated lime allocated for phonics progression and clear sequencing of phonics at points of transition. Following a review of staff rolas in our care teams. alternative rotas and practice will be introduced leading lo better work lrfe balance for staff, designated admin lime within the day thereby freeing staff lo be directly engaging even more with pupils during core hours. During the year the nwrteting team will be evaluating our dtgital slralegies, reviewing impact and through engagement ¥Mth our key stakeholders adopting new strategies lo grow our online social media presence. Working with NVB Ar¢hitect5, the School is developing a new Masterplan for the campus. The plan has been drawn up in consultation wjth key stakeholders". pupils. staff and parents. Some of the key items that have been identified include. better sports facilities, improvements lo the vocational studies facil(ties. parking as well as the aim of working towards a nel zero campus. To this end a grant was secured enabling the School to employ consultants lo examine current energy provision and how that might be made more 5UStainable in the future. Prlnclpal Rlsks and Uncertainties The Trustees regularly examine the major risks facing Mary Hare. There are systems lo monitor and mitigate any impact they may have on the organisalion and the Truste8s are satisfied that adequate systems are in place. Mary Hare relies on the funding of pupil places by Local Authorities and Trustees are aware of the financial sf(ualion in many Local Authorities and the resultsnt barriers to placement families may face. The current economic climate with high inflation and pressures on public spending provides significant uncertainty in relation lo fee income. The economic realities result in additional financial and operational risks in respect of rising wsts, staff recruilmenl and retention and the costs of energy supplies. Additionally. pupil numbers are a critical success factor al Mary Hare given fee income is the primary source of income. Lowerlhan anlicipaled pupil numbers has the ￿Su118n1 effect of having lo priorilise the opportunities for investment and tighter management of day lo day costs. Mary Hare has a dedicated marketing and admissions team to attract new pupils and their families and supports them through the application. assessment, funding proces5e5 and introduction when stsrting * the school. Page15

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Too many of Our pupiSs' families have lo endure subslanlial effort and stres$ of fighting foT their child's placement at Mary Hare. despite the school being successfully named in virtually all tribunal outcomes. Delays in tribunals being scheduled and heard has signrficanlly delerioraled with some now approaching 12 months. Thi$ results in delays to pupils joining Mary Hara. Trusl&es remain alert lo the need of ensuring the hohest possible level of saf8guarding for our pupils. which is of paramount importance in this school setting. Procedures and practices are regularly inspected by Trustees, Ofsted, the pupils, home local authorities and independent third parties. and their reports are scrulinised by managemerbt and the Board. Mary Hare is sel in a rural location and as a residential special school relies on consistent utility supplies. Mary Hare has worked hard to establish good relationships with all key utility suppliers and is registered as a priority service. Plans are in place lo manage a major utility outage with minimal impact lo the operations. There is a continued programme in the estate infrastructure to minimisg the risks of significant plant failure. Cyber crime remains a signrficanl issue globally and in recent years there has been an increase in attack5 on education establishments. Mary Hare has secure systems in place with continual monitoring and defensive strategies to help reduce the risk to our systems and data. Remungration of Key Management Personnel Key Managernenl Personnel ale remuneroled at appropriate levels by referencing the national leaching and school leadership ￿aleS and the National Joint Council. These are reviewed by the HR & Governance Committee of the Board of Trustees. Equallty. DlversKy and Inclusion Mary Hare recognises the value of every individual and actively promotes equality of opportunity- 11 is a welcoming organisalion where everyone is valued highly and where tolerance, honesty, co-operation, and mutual respect for others are fostered. Mary Hare believes firmly in equality of opportunity in employment and education. The school is committed to developing policies, practices and procedures that promote equality of opportunity and anti-discriminalory practices. and ensuring that job applicants, employees and pupils re￿1ve equal treatment. Mary Hare aims to promote equality and tackle any fomi of discrimin*ion, challenging opinions or behaviours in the organisalion that are contrary lo fundamental British values, including democracy, the rule of18w, individual libety and mutual respect and tolerance of drfferent faiths. cuttures and beliefs and aclivety promotes hamonious relationships in all areas Df organisalion life. The school seeks to rèmove any barriers to access, participation, progression. attainment and achievement. Practice is underpinned by the following values, principles and standards.. Acknowledging an(1 valuing divef$lty-, Respect for others.. Compliance wrth equal opportunities legislation.. • Commitment lo inclusion., Elimination of vnfair prejudice and discrimination.. and • Cammilment to the positive development of all staff and pupils. Page 16

MARY HARE (A company limited by guaranteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Reserves Policy Reserves are that part of a charity's unrestrtcted funds that are freely available to spend on any ofthe charity's purposes. Trustees take a risk-based approach in developing and determining the reserves policy. Principally. free reseNes are held lo be used in the event of a sudden or unforeseen loss or reducts'on in income that threatens the viability of the organisalion. Mary Hare currently holds reserves in the form of fixed assets. oslly buildings. However, these do not offer the same liquidity as free reserves as (t would be difficult to dispose of them qLtickly in the event of an emergency. Mary Hare's core income is derwed from contracted fees from Local Authorities together wrth additional fee- based income from the Education and Skills Funding Agency IESFAI. Due lo the nature and lenltre of the fee conlracls, a sudden and significant reduction in fee income is deemed low risk. Any 5ignrficant reduction in pupil numbers is known with some certainty in advance allowing the organisation to plan and adapt its costs to refled the lower income. Due lo the nature and timing of core incomethe end of Ihefinancial yoar is the lowest point in the organisalion's annual cash cycle with this low point only occurring for a very short period. This is directly attributable to two key factors, the first being that the summer holiday is the targest nel ¢ash oufflow period in the financial year and coincides with the lowest period of income when fee income is limited. However, invoices for contracted fees are issued in August ahead of a new academic year and generally paid in September, quick￿ raising the level of cash and liquid assets. Due to the relative certainty of this contracted income Trustees regaid the risk of maintaining low levels of liquid reserves immediately after the year end as low. ThroLtgh ils Finance Committee Trustees monitor the organisation's financial heatth including the cashflow position with regular reviews of management accounts, budgets and forecasts. Mary Hare is able to adapt ils controllable operating costs to reflect changes in income including slowing or p05tponing planned major projects and capital expenditure. Reflecting on the tyelical nature of cashflows. the contracted fee income and the ability to address quickly conlro118ble costs. Trustees have Sel a target level of cash reserves of betr￿en £1.5m and £2.Sm at the end of the financial year. This level of reserves enables the organisalion to financially manage ils operations in the event of Small delays in settlement by Loc81 Authorities to their invoiced fee income. The Reseives Policy is reviewed by the Finance Committee and the lull Board of Trustees annually. Public Benefit Mary Hare provides education to its pupils within the n81ional curriculum and meets the standards sel by Otsled. This meets a fundamental lesl for the advancement of education for public benefrt identified by the Charity Commission. The education is restricted lo pupils who are moderately, severely or profoundly deaf or who have other hearing difficulties. This class of beneficiaries has a particular common charitsble need which juslrfies reslricling the benefit to them because of the $pe¢ial nature of the education required. In setting the school's objectives and planning its activities. the Twstees have given careful ¢onsKleration to the Charity Commission's general guidance on public benefit. Environrnental Initiatives Mary Hare continues to undertake a series of environmental inilialives. A wide range of projects have been rolled out recently to reduce energy consumption. These include continuing investment in installation of modern efficient light fittings and a programme lo install new double4Jlazing windows, and in the older boarding houses sensors and new radiator heal controls. Both of the newer secondary school buildings are partly heated by PV panels and in both the newer houses. the highest levels of insulation have been ineorporated. The new primary school is healed using air Sourced heal pumps and additionally has PV panels located on the roof of the new boarding house. Page 17

MARY HARE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 During the year WÈ have continued to engage with our waste management partner exploring opportunities lo reduce waste and improve recycling. School management continue to engage with pupils who are keen lo identify and implement new ini(ialives. A signrficant initiative to Teduee the school's single use plastics was implemented and has included the elimination of plastic cups for wateT machines and huntains wlh all pupils now having their own drinking bottle. We were successful in a bid for grant funding for the development of a de-carbonisalion plan for the site. Consullanls are now working with the School lo review the existing facilities and infr8Stiu¢lure with the aim of developing the de-carbonisation plan by Spring 2024. Section 172{1} ststement The Board of Trustees is able to report that It has complied with its duty to have regard to the matters in Section 172{11 {a-fj of the Companies Act 2008. Trustees individually and collectively aet in good faith in making decisions. the outcome of which, Trustees consider will be most likely promote the Suc￿$$fUl acbievement of the Charity's objects in current periods and in the long term. In discharging their duties Trustees Carefully consider amongst other matters, the impact on and interests of, other stakeholders in the organisation and factor thes8 into their decision-making pr￿e$s. In particular Pupils and Families Trustees commit considerable lime, effort and resouices into understanding and responding to the needs of pupils and their families. All Trustee decisions are taken with the impact ot) pupils and families firmly in mind, with the aim of seeking to achieve the best possible outcome for each pupil to achieve their full potential. Trustees aim lo continually build expertise in deaf education that further develops a curriculum which provides fU￿lIment to all our students and facililales their becoming engaged members of society. Employ8aS Trustèes receNe through ils HR and Governance Sub-committee regular updates and information on a variety of staff matters and metrics. This Sub-committee meets al least four limes each year, has the Head of HR attending and diseusses a variety of staff related matters including HR strategy, handbooks, policies, People inilialives and metrics. A staff representative attends each meeting of the full Board of Trustee5 providing a direct hvi>way dialogue be￿een staff and the Trustees. Using the OTg8nisation's recruitment and development stratègies, Trustees seek to attract and relain talented staff. Trustees ale committed to promoting a healthy workforce comprising both physical and mental wellbeing. The organisalion embraces diversty and aims lo employ a workforce that reflects this. In seeking lo achieve a balanced workforce at all levels, the organisalion ensures that no prospective employee or existing employee who is an applicant will be disadvantaged or treated less favourably because of eondilions or requirements that are not related lo the job. Reasonable adjuslmenls will be made lo arrangernenls and premises to ensure equal access foi employees or potential employees who have parti¢ular needs or disabilities. Suppllers Trustees hav8 8Stablished organisation procedures and protocols, primarily through ils Financial Management and Health and Safety policies, ensuring external suppliers are individually compliant with the health and safely, regulatory and financial securty standards required by Mary Hare. The organisation seeks to pay all suppliers any undisputed amounts due within agreed terms. Mary Hare has established financial controls for the safety and security of supplier bank infomiation, reducing the risk of fraud against eilh9r the supplier or Mary Hare. Mary Hare has procurement procedures in place that ensure fair competition amongst suppliers and aims lo achieve the best value for the organisation. Page 18

MARY HARE (A Company limited by guarantee) TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2023 Community and the envlronment Mary Hare lakes ils role within the communty very seriously and promotes and encourages community and charitable contribution as part of the overall public benefit provided by the Charity. Although onty a minority of pupils are from the immediate local community. Mary Hare is an important local employerand is well-respecled within the local community for ils engagement and the commercial and voluntary use of ils facilities. including the Adington Arts Centre and swimming pool. The organisalitin also recognises the importance of its environmental responsibilities and is increasingty introducing measures lo monitor and eonlrol ils impact on the local environment and compliance with regulatory environmental standards. Work wntinues lo engage with staff and pupils, implementing policies and initiatives aimed at reducing any potential detrimental environmental impact of its aelivilies. Standards and conduct Mary Hare sets itself high standards in the way il manages ils relalion5hips with famili¢s, pupils. staff, suppliers, Customers and the wider community. The overall aPPToach is founded on the principles of acknowledging and valuing diversity, respect for others. compliance with equal opportunities legisl*ion, commitment to inGlusion. elimination of unfair prejudice and discrimination, and a Commitment to the positive development of all stsff and pupils. This Is sUPPOrted by a numbgr of codes of practice and policies relating to behavioural and ethical standards, both individually and collectively as an organisation. These are clearly communicated to every staff member al induction and through regular training and development days and adherence to whi¢h is expected and enforced. Ac¢ountlng Responsibilities The Trustees (who are also directors of Mary Hare for the purposes of company lawl are responsible for preparing the Trustees. report lincluding the Group strategic report) and the accounts in accordance wrth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac￿pIed Accounting Praclicel. Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the slate of affairs of the group and of the incoming ¥e50urces and application of resources. including the income and expendiluie, of the group for that period. In preparing th¢se accounts, the Trustees are required to-. seled suitable accounting policies and then apply them consistently.. obseNe the methods and principles in the Charities SORP.. make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any m81erial departures disclosed and explained in the accounts., prepare the accounts on a going Con￿rn basis unless il is inappropriate to presurne that the group and company will continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose with Teasonable accuracy 81 any time the financial posf(ion of the group and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and hence for takin9 reasonable steps for the prevention and detection of fraud and other irregularities. Page 19

MARY HARE IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Statomant of Disc105ure So far as the Trustees are aware at the time the report 1$ approved..- there is no relevant audit infomiation of which the charitable company's auditors are unaware, and the Trustees have taken all slep5 that they ought to have taken to make themsefves aware of any relevant audit informatiorb and lo estsblish that the auditors are aware of that information 15. 234ZAI21}. Audltor The audilors, Crowe U.K. LLP, will be proposed for reappointment in accordance with Section 485 of the Companies Act 2006. Approved by order of the members of the Board of Trustees and signed on their beha￿ by.. A J Strivens jchalrj {Chair of Trustees) Date.. (Lr-m 2oLL Page 20

Crowe clo￿ U.K. LLP MemberoICr￿ Global Awls House 4￿7 Blaoiave st￿et 8erKshire RG11PL. UK Tel [phone] Fax [phone] INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARY HARE Oplnlon We have audited the Iirsan¢ial statements of Mary Hare for the yea¥ ended 31 August 2023 which comprise the consolidated Stslemenl of Financial Activities, the consolidated Summary Income and Expenditure Account, the GTOUP and Company Balance Sheets, the consolidated Cash flow Statement and notes to the financial slalements, including a summary of significant accounting policie5. The ffnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uniled Kingdom Generalty Accepted Accounting Practice}- In our opinion the financial sLemenls'. give a true and fair view ofthe state of the group's and the charitable company's affairs as al 31 August 2023 and of the group's incoming resources and application of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordanee with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wtth the requirements of the Companies Act 20&S. Basls for oplnlon We conducted our audit in a¢¢ordance with International Standards on Auditing (UK} IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We aTe independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical Tesponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is SUff￿lent and appropfiale lo provide a basis for our opinion. Conclusions relating to golng concern We have nothing lo report in respect of the following matt&rs in relation to which the ISAS IUKI require us lo report lo you where.. the trustees, use of the going concem basis of accounting in the preparation of the financial statements is not appropriate., or the Iruslees have not disclosed in the ffnan¢ial slalemenls any identrfied material uncertainties that may cast significant doubt about the group's o¥ the charitable company's ability to continue lo adopt the going concern basis of accounting for a period of al least twelve months from the dale when the financial slalements are aulhorised for issue. u.￿ LLP ￿ a Ilnied IML¥lrty Partr￿rg￿ W$ fiumbpiOC3070S& TM otkn l& At ¥ Lwè E¢4PA 7JW. Allslotth• LLP'Smem￿tsits 4wAIIO w5tgredoffl￿ UKtythP1n￿￿￿nttY Prathh CT(w¢V.K LLP1s Ea￿M￿￿1￿1ty¢ic[ry￿G￿￿I1￿Iqp￿￿I•ar￿1r￿￿p￿thnt￿￿￿￿Sty. Crtyq U K LLP •rlls4fflM•lqsaionDI urawthrmembarotCrowvCdOb. Page 21

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARY HARE (CONTINUED) Other Infomiatlon The Iruslees are responsible for the other infomialion. The other infomalion comprisos the infgrmation included in the annual report, other than the financial slalements and our audilorfs report thereon. Our opinion on the financial statements does not cover the other information and, ex￿p1 lo the extent otherwise explicitly stated in our report. we do not express any fomi gf assurance conclusion thereon. In connection with our audit of the financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained in the audit or otherwise appears lo be matèrially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the financial slalemenls or a material misslalemenl ofthe other information. If, based on the work we have performed, we conclude that there is a material mi$slatemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribod by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit the information given in the trustees. report, which includes the directors, report and the strategic report prepared foT the purposes of Company law, for the financial year for which the financial statements are prepared is consistent with the financial slalemenls." and the strategic report and the directors, report included wf(hin the Iruslees, report have been prepared in accordance wrth applicable legal requ1￿mentS. Matters on whlch we are required to report by exception In light of the knowledge and understanding of the group and the charitable company ancl their environment obtained in the course of the audit, we have not identified material mi$statements in the Istralegic report or thel directors, report included within the tfustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you rf, in our opinion.. the pafent company has not kept adequate accounting re¢ords', or the parent company financial statements are not in agreement with the accounting records and returns., QT certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responslbllltlgs of trustees As explained more fully in the IrLJStees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial stslemenls and for being satisfied that they give a true and fair view. and for such internal control as the Iruslees dolermine is necessary to enable the preparation of financial slalemenls that are free from material misslalemenl, whether due to fraud or error. Page 22

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARY HARE {CONTINUED> In preparing the financial slalements, the trustees are responsible for assessing the group's or the charitable company's ability to continue as a going concern. disclosing. as applicable. matters related lo going concern and using the going con￿rn basis of accounting unless the trustees either intend lo liquidate the charitable company or lo tsase operations, or have no realistic allemalive bul to do $0. Auditor's responslbllities for the audlt of the flnancial statements Our objectives are lo gbtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl. whether due lo fraud or error. and to issue an audilorfs report that includes our opinion. Reasonable assurance Is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will a￿ayS delect a material misslalemenl when il exis15. Misstatements can arise from Iraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial stalemenls is located on the Financial Reporting Council's website at.. www.frc.or -uklaudilorsres onsibililies. This description fomis part of our audilorfs report. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We idenlrfied and assessed the risks of material misslalemenl of the financial slalemenls from irregularities, whether due lo fraud or error, and diseussed these be￿een our audit team members. We then designed and performed audit procedures responsive lo those risks, including obtaining audrt evidence sufficient and appropriate lo provide a basis for our opinion. We obtained an understanding of the ￿gaI and regulatory framoworks within which the charitable company operates. focusing on those laws and regulations that have a direct effect on the delemiinalion of material amounts and disclosures in the financial slalernenls. The laws and regulations we considered in this context were the Companies Act 2006, Charities Act together with the Charities SORP {FRS 1021. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial slalemenl items. In addition, we considered provisions of other laws and regulations that do not have a direct effed on the financial slalements but Compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penatty. We also considered the opportunitie5 and incentives that may exist within the charitable company for fraud. The laws and regulations we Considered in this context were the Education Act, Employment Law, Heakh and Safety, General Data Protection Regulations. Safeguarding and Food Standards. Auditing standards limit the required audit piocedures to rdenlify non-compliance with these laws and regulations lo enquiry of the Governors and other management and inspection of regulatory and legal eorrespondence, rf any We identified tho greatest risk of material impact on the financial ststements is from irregularities. including fraud. lo be within the override ol controls by management. Our audit procedures to respond lo these risks included enquiries of management. and the Finance Committee about their own idenlificalion and assessment of the risks of irregularities. sample testing on the posting of joumals, reviewing accounting eslimales for biases. reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance. Owing to the inherent limrtations of an audit, there is an unavoidable risk that we may not have detected some material misstslemenls in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non<ompliance with laws and regulations lirregularitiesl is from the events and transactions rdeded in the financial slalements, the less likely the inherently limtted procedures required by auditing standards would idenlfy it. In addition, as with any audit, there remained a higher risk of non4etection of irregularities, as Page 23

� Crowe

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARY HARE (CONTINUED)

these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Janette Joyce

Senior Statutory Auditor

For and on behalf of

Crowe U.K. LLP

Statutory Auditor

Reading

21 March 2024

Page 24

MARY HARE {A company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023 Total 31 August 2023 £000 Total 3t August 2022 Nolos Restricted Unrostrl¢ted Funds funds £000 £000 INCOME FROM.. Donations and legacies Charrtable activities othei trading activities Investments Other income 925 925 14.525 536 35 33 1,923 14,559 451 14.525 536 35 33 6,14 Total incom& 925 EXPENDITURE ON: Raising funds.. Voluntary ineome Other trading activities Charitable aclivilies.. Charitable aclivitses Pension scheme eosts Govemance 16 286 16 286 18 249 14 476 15,103 97 36 15,579 97 36 14,095 1.428 Total expenditure 476 Net income from investsnents in joint ventures 99 89 Net Incomellexpenditurel Transfer between funds 449 154 1310) 154 139 1.215 17 Net rnovement in funds before other recognised gainsl{lossesl 295 {1561 139 1,215 Other recognl$ed gainslllossesl: Actuarial gainslllosses} on defined benefrt pension schemes 24 479 479 Net movement In funds Reconciliatlon of funds: Total funds brought forward Net movement in funds 6.080 295 11,927 323 18,007 818 523 Total funds carried fonvard All activities relate to continuing operations. The Statement of Financial Activities includes all gains and losses recognised in the period. The group's share of turnover from joint ventures was £310,00012022.' £311,000). The notes on pages 29 10 54 form part of these financial statements. Page 25

MARY HARE (A company limited by guarantee REGISTERED NUMBER: 3085006 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2023 Notes 2023 2022 £000 £000 £000 FIXED ASSETS: Tangible assets Investmènts 13 14 19.288 71 19.359 19,509 19,585 CURRENT ASSETS stocks Deblois Cash al bank and in hand 52 2,038 55 1.915 15 5,190 4. 176 Creditors.. amounts falling due within one year 16 Net Current assets 823 161 Totsl assets less current liabilitles Defined benefit pension scheme liability 19,982 19,746 24 Total net assets CHARITY FUNDS Restricted funds Unrestricted funds Unrestricted fLSnds excluded pension deficit Defined benefit pension scheme 17 6.375 6,080 17 13,607 13,666 17 Total unrestricted funds 17 Total funds 19 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. A J Strivens Trustee The notes on pages 29 and 54 form part of these financial sl*ements Page 26

MARY HARE (A company limited by guaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 Notes 2023 £000 2022 £000 Cash flows trom opgratlng a¢tlvltles Net cash used in operating activities 20 Cash flows from Investing activities Dividends, inleiesl and rents from investments Proceed5 from the sale of tsngible fixed assets Purchase of tangible fixed assets {351 (3) 16 6825 323 Net cash usod In Investing activities Change in cash and cash equlvalents In the period Cash and cash equivalents at the beginning of the period 894 (4, 62S) Cash and ￿$h equlvalents at the end of the perlod 21 The notes on pages 29 to 54 form part of these financial statements Page 28

MARY HARE (A ¢ompany limited by guarantee) REGISTERED NUMBER: 3085006 COMPANY BALANCE SHEET AS AT 31 AUGUST 2023 Notes 2023 2022 £000 £000 £000 FIXED ASSETS: Tangible assets Investments 13 14 19.288 19,508 19.288 19,508 CURRENT ASs￿s Stocks Debtors Cash at bank and in hand 41 2,123 44 2.256 15 4,951 4.041 Creditors.. amounts falling due within one year 16 Net current a$sets 483 100 Total assets less current Ilabllitie$ Defined benefit pension scheme 19.771 19,608 24 Total net assets CHARITY FUNDS Reslricled funds Unrestricted funds Unreslricled funds excluded pension deficit Defined benefit pension scheme 17 6,375 6.080 17 13.396 13,528 17 Totsl unrestriclod funds 17 Total funds The net surplus of the parent company was £545,000 {2022.- £17,469,000). The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. A J Strfvens Trustee Date 2cP- IOII The notes on pages 29 10 54 forn part of these financial sta18ments Page 27

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 CHARITY INFORMATION The Sehool's principal actNty in the period under review was the provision of education for deaf children using an auditory oral method with spoken and written English and the use of the best technology at its heart. The inwrpoiated eharity (registered number 03085006 and charity number10483861. is incorporated and domiciled in the UK. The address of the registered office is Arlington Manor. Snelsmore Common, Newbury, Berkshire. RG14 3BQ. ACCOUNTING POUCIES Basls of preparation of financlal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 A￿OUntIng and Reporting by Charities.. Slalement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} leffective 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006. Mary Hare meots the definition of a public benefft entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The Consolidated slalement of financial activities {SOFA} and Consolidated balance sheet consolidate the financial statements of the company and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2¢)06 and has not presented ils own Statement of financial aclmties in these financial statements. bl Golng concern The Trustees have reviewed Mary Hare's available fvnds and expected future cash outflows alongside anticipated demand for school places and have a reasonable expectation that the organisalion has adequate resouices to continue ils activf(ies into the foreseeable future. This decision has been taken consideration of the potential impacts of the wider economic environment on Mary Hare's operational activities and finances. Trustees believe that the organisalion can continue to manage its operations, provide safe levels of staffing cover and have sufficient reserves lo deal with any related additional expenditure. Cost management remains a high priority with the organisation's finances being ¢onlinualty monitored by the Executive Team and Trustees. The Board of Trustees regularfy reviews and updates the organisalion's Ihree-year plan. providing further reassurance of the financial strategy and ils sustainability. In conclusion. the Trustees continue to adopt the going concern basis in preparing the financial statements. Fund accounting The nature and purpose of each fvnd are explained in note 17. Page 29

MARY HARE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES {contlnued) d) Fees and slmllar Incomg Fees Fees receivable and charges for setvices and use of premises are accounted for in the period in which the service is provided. Donations and legacles Income frorn donations and legacies is recognised in the year in which the school bewmes legally entitled lo the relevant income and the amount can be quantified with reasonable certainty. Donations received for the general purposes of the charity are included within unrestricted funds. Donations and Legacies Conllnued Donations for activities feslricled by the provider are taken to restricted funds where these wishes are legally binding on the Trustees. Donations in kind are refleded in the financial Statements al their estimated value lo Mary Hare. Grants receivable Grants are normal￿ recognised as income in the perÉod to which they relate. Grants received in resped of property or other fixed asset additions are credited lo a fixed asset grant fund within restrictèd funds. An annual transfer lo unreslricled funds is made in respect of the amortisalion of the grants over the estimated useful lrfe of the relevant asset. Deferred Income Income is deferred for grants and other income where a deposit or re￿Ipt for a future service has b¢en eived. Expondlture All expenditure is included on an accruals basis and is recognised where there is a legal or construdive obligation to pay. Expenditure is shown gross of any irrecoverable VAT. Fundraising and publicity costs Fundraising and publieity costs lo promo1@ the awareness of Mary Hare with the aim of generatiThJ fees and increasing donated income are treated as costs of generating funds. Other infomative publicity is treated as charitable expenditure. Group flnancial statements The financial slalements consolidate the results of the charity. Mary Hare, and its wholly owned subsidiary, Mary Hare Services Ltd. The financial statements also reflect the group's share ofthe retained profit, assets and liabilities in respect of its investments in 50'/ts joint ventures (all unauditedl. the Hearing Aid Repair Shop IUKI Ltd and Mary Hare Hearing Cenlres LLP, in accordance with the Charities SORP IFRS 1021. The accounting treatment is to reflect these Irans8clions, assets and liabilities on a gross basis. Income received by Mary Hare and Mary Hare Services Ltd as Gift Aid, management char9es and rent is included as net income from investments in joint ventures. The joint venture in Mary Hare Total Hearing Solutions Ltd is not consolidated into the fsnancial slalemenls on the grounds of the entity being dormant and its net liability position being immaterial. Page 30

MARY HARE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES Icontinuedl gl Tangible fixed a$$ots and depreciation Tangible fixed assets are initially recognised al cost. After recognition, under the cost model. tangible fixed assets are measured at cost less 8ecumulaled depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working eondilion should be included in the measuiemenl of cost. Assets in the course of construction aro included al costs incurred lo date. Deprocialion on these assets is not Charged until they are brought into use. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated usgful lives. using the slraight-line method. Deprecsation is provided on the following bases.. Freehold propety Improvements lo freehold property Motor vehicles. tractors & mechanical implements Fumilure, fittings & equipment 2Qh on cost 1 OQA on cost 200A on cost 100A and 25.10 on cost Items costing in excess of £1.000 with an eslimaled useful lrfe of several years are capitalised and depreciated. Items costing less than £1,000 are written off as an expense when acquired. h) Investments Fixed asset investments are a fom of financial instrument and are inf(ially recognised at their transaction cost and subsequently measured at fair valLtre at the Balance sheet dale. unless the value cannot be measured reliably in which case it is measured at cost less impaimienl. Investment gains and losse$, whether realised or unrealised, are Combined and presented as 'GainsllLossesl on investments. in the Consolidated Statement of Financial Aclivilies. Investments in subsidiaries are valued at cost less provision for impaimenl. Investments in joint ventures are staled al the amount of the group's share of net assets. The Consolidated Stslement of Financial Activities includes the group'5 share of thejoinl VentU￿s, nel income or expenditure using the equity accounting basis. Operating leases Rentals paid under operating leases are charged to the Consolidated Slalemenl of Financial Aetivilies on a slraighl line basis over the lease term. stocks Stocks are valued al the lower of cost and net realisable value after making due allowanee for obsolete and SIO￿0vIng stocks kl Debtors Fees and other debtors are recryjnised at the settlement amount after any trade diseount ¢)ffered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 31

MARY HARE (A company limltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES Icontlnued} Cash at bank and In hand Cash at bank and in hand includes cash and short-tem highly liquid investments with a short maluiity of Ihree months or less from the dale of acquisitson or opening of the deposit or similar account. Liabilities Liabilities are recognised when there is an obligation al the Balance sheet date as a resLtIi of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the omounl of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates Il will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Financlal Instruments The group only has financial assots and financial liabilities of 8 kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Pensions Teaching staff employed by Mary Hare are eligible for membership of the Teachers, Pension Scheme, which is a national, statutory contributory, unfunded defined benefit scheme administered by the Teachers Pension Agency, an executive agency of the Department for Education. Pension cos15 are a55essed in accordance with the advice of the Government Actuary. As Ihis is a multi-employer scheme whose assets and liabilities are not separately identrfiable, under Charities SORP IFRS 1021 il is Ir¢aled as a defined contribution scheme with a charge lo the financial statements for the contributions paid and relevant disclosLEres about the schgme as a whole provided in note 24. Mary Hare has a funded defined benefft scheme for those members of staff who afe not eligible lo join the Teachers, Pension Scheme. The assets of this scheme are administered by the Royal County of Berkshire Pension Scheme. This is also a muki-employer scheme, but the as5e15 and liabilrties relating to Mary Hare are separately idenlrfiable and are accounted for as belonging lo Mary Hare. The financial ststements take account of the annual valuatron of the defined benefit scheme undertaken bythe pension fund's actuaries. The scheme deficit is the shortfall oflhe value oflhe assets ofthe scheme compared with the present value of scheme liabilities. The deficit is shown as a liability in the balance sheet. The current service cost, expected relum on pension scheme as$o1s, interest on pension scheme liabilities and post service gains and costs are within the resources expended section of the Statement of Financial Activities. Actuarial gains and losses arising from updating the latest actuarial valuation to reflect conditions at the balan￿ sheet date are re¢ognised in the gains and losses section of the statement of Financial Activities. More detai15 are included in note 24. Mary Hafe also operates the People's Pension defined contribution scheme and the pension charge represents the amounts payable by the group to the fund for the period. Page 32

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Crltleal accounting estimates and areas of judgement Eslimales and judgements are continually evaluated and are based on historical experienee and other factors, including expecL*ions of future events that are believed lo be reasonable under the circumstances. Criticalac¢ountlng estlmates and assumptions.. The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual resutts. The estimates and assumptions that have a significant risk of causing a material adjustrnenl to the carrying amounts of assets and liabilities within the next financial year are discussed below. Crltlcal areas of judgement. Pensions {s8e nots 241 The present value of Ihe Local Government Pension Scheme defined benefrt liabilty depends ¢n number of factors that are determined on an acluaiial basis using a variety of assumptions. The assumptions used in detemiining the net Cost or income for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 24, will impa¢l the carrying amount of the pension liability- Furthemiore, a roll forward approach which projects results from the latest full actuarial valuation performed al 31 March 2022 has been used by the actuary in valuing the pensions liabilty al 31 August 2023. Any differences between the figures derived from the Toll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability. The asset values are reported using estimated asset allocations prepared by the scheme Actuary. The asset value 15 calculated at each triennial valuation. Thereafler it is rolled forward to accounting dales using investment returns, contributions received, and benefits paid out. During each annual reporting period between triennial valuations. a55et relums are estimated using 11 months of market experience and 1 month of pioiecled experience. Income from donatlons and18gacles Total Restricted Unrestricted 31 August Funds funds 2023 £000 £000 £000 Total 31 Augusf 2022 £000 Donalions from Mary Hare Foundation Legacy reversal Other donations DIE grants recewed 1,530 (t40J 15 518 478 478 Total 2022 Page 33

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Income from charltable a¢tivities Total Tot81 Restricted Unrestricted 31 August 31 August Funds funds 2023 2022 £000 £000 £000 Schools fees Burwood centre for childhood deafne8S fees Hertfordshire UnNersty l Oxford Brookes training course5 Musi¢ therapy Othèr educational inwme 14.254 33 14.254 33 14,227 28 232 232 197 101 Total 2022 other tradlng actlvltlos other trading activities represents the turnover of the trading subsidiary, Mary Hare Services Limited, net of gift aid and management fees wh￿h have been eliminated on consolidation. Other income Total Unrestrlctsd 31 August funds 2023 £000 £000 To181 3t August 2022 Other ineome Profil on disposal of tangible assets 33 33 25 16 Total 2022 Analysis of oxpenditure on eharltable activities Summary by fund type Total Restricted Unrestrlcted 31 August Funds funds 2023 £000 £000 £000 Total 31 August 2022 Teaching and support costs Welfare Piemises Governance costs 225 9,321 3,774 2,105 36 9,546 3,774 2,356 10,439 3,358 1, 726 61 251 Totsl 2022 Page 34

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Analy$is of expendtture on charitable activitles (continued) Summary of expenditurg typ Total 31 August 2023 £000 Total 31 August 2022 £000 Staff Costs £000 Other Costs £000 Depreciation £000 Teaching and support costs Welfare Premises Governance costs 8,550 3,176 246 82 914 598 1.649 36 9,546 3,774 2,356 36 10,439 3.358 1.726 61 461 Total 2022 Analysis of expenditure by activities Activities undertaken directly £000 Total 31 August 2023 £000 Total 31 August 2022 Support cost £000 Teaching and support costs Welfa Premises Govemance costs 7,826 3.774 1.895 1.720 9,546 3.774 2.356 36 10.439 3,358 1, 726 61 Total 2022 Anatysis of support costs Total 31 August 2023 £000 Total 31 August 2022 £000 Staff costs Depr￿latIon other Costs Governance costs 1.060 543 578 36 1.060 372 T14 61 Page 35

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 10. Auditors, rernuneratlon Total 31 August 2023 £000 Total 31 August 2022 Fees payable to the company's auditor for.. The audit of the company's annual accounts The audit for the subsidiary annual ac¢ounls All non-audit service5 not included above 22 20 11. Staff costs Group 31 August 2023 £000 Gmup 31 August 2022 £000 Company 31 August 2023 £000 Company 31 August 2022 £000 Wages and salaries Social security costs Other pension costs 9,347 864 8, 790 791 9.292 864 8. 745 791 Included within other pensions costs are ¢osls gf £97,000 12022.. £1,428,000) relating to the Royal County of Berkshire Pension Scheme. Of this amount, cost of £40,000 12022.. £1,160,000) represents the service cost less employer contributions during thè year and costs of £57,000 12022.. £268.000} represents the net retum on asset$ as shown in note 24. The average number of persons employed by the company during the year was as follows.. Group 31 August 2023 Group 31 Augusl 2022 Teaching staff Care staff Teaching support Management and adminislralion Calering, claaning and maintenance Buwood centre for childhood deafness Arlington Arts Centre 64 66 76 34 45 72 78 36 43 Page 36

MARY HARE (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 11. Staff costs {continuedl The average headcount expressed as full-time equivalents was.. Group 31 August 2023 Group 31 August 2022 Teaching staff Care staff Teaching support Management and administration Catering. cleaning and maintenance Burwood centre for childhood deafness Adinglon Arts Centre 68 57 60 32 37 59 62 29 39 The number ofemployees whose employee benefits (excluding employer pension costs) exceed £60.000 was.. Group 31 August 2023 Group 31 August 2022 In the band £60,001- 70,000 In the band £70.001- £80.000 In the band £80.001- £90.000 In the band £90,001 - £100,000 n the band £100,001 - £110.000 In the band £110,001 - £120.000 With the exception of the Principal. neither the Trustees nor persons connected with them received any remuneration or other benefits dufing the period other than the reimbursement of travel expenses incurred. Total reimbursements during the period were £27112022.. £1661 in respect of 3 Iruslees12022.' I twstee}. All other trustees incurred expenses without reimbursement. The seven12022.' six) employees receiving a salary above £60,000 this year are also ac¢wing benefits either under a defined contribution or a defined benefit scheme ITeachers' Pension Scheme, The Royal County of Berkshire Pension Scheme and The People's Pension Scheme). The contributions in the year were £124.00012022.. £122,000}. The charity considers ils key managemenl personnel comprise the tru51ees and senior management team as noted on page 1. The total employment benefrts, including employer pension contributions and social security costs, of the key management personnel for the year were £659,000 {2022.. £599,000). Page 37

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12. Parent company results The parent company has taken advantage of Section 408 Companies Act 2006 in not preparing its own Slalement of Financial Aclivilies. The net Su￿1￿5 of the parent company was £545,000 (2022.. £17,469,000). 13. Tangible fixed assets GROUP AND COMPANY Motor vehicles. tractors and mechanical Implements £000 Fumiture. ftttings and equlpment £000 Freehold Freehold property Improvements £000 £000 Total £000 Cost or valuation Al 1 September 2022 Additions Disposals 20,256 3,223 197 194 23,673 323 27 119 At 31 August 2023 119 169 23 96 Depreclatlon At 1 September 2022 Charge for the period On disposals 1,315 351 2.707 167 143 16 27 4.165 543 27 Al 31 August 2023 132 Net book value At 31 August 2023 At 31 August 2022 All tangible fixed assets owned by the group are held within the parent company, Mary Hare. For both the group and the company, Included in freehold propety is freehold land al valuation of £3.600.000 (2022.. £3.600,OOOJ which is not depreciated. Page 38

MARY HARE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14. Flxed asset Investments GROUP Investment in jolnt ventures Cost or valuation At 1 September 2022 Movement 76 At 31 August 2023 Net book value At 31 August 2023 Al 1 September 2022 The Charity holds £2 investment, this is a 100% shareholder in Mary Hare s8￿1¢8$ Limited (Company no, 03280117), a subsidiary which is used to eary out trading a¢livilies including letting the buildings and grounds of Mary Hare, providing catering and other function facilities where required. sale of sculptures. and th¢ provision of Ifaining. Its registered office 1$ as per Note 1. 31 August 2023 £000 31 August 2022 Income Expenditure Income from joint ventures 536 1401) 437 (341J Profit for the period l year 31 August 2023 £000 31 August 2022 £000 Nel assets 166 88 Expenditure includes a managemenl charge paid lo the School of £115.000 (2022.. £92,OQO) which is eliminated on consolidation. Gift Aid of £146,056 (2022.. £168, 694) is donated lo the School and is also eliminated on consolidation. Page 39

MARY HARE IA company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14. Fixed asset Investments (¢ontinuedl The group's joint venture investments comprise.. The subsidiary's investment in the Hearing and R8paii Shop IUKI Ltd, Mary Hare Total Hearing Solutions Ltd and Mary Hare Hearing Centres LLP. All are incorporated in England and Wales. 31 August 2023 £000 31 August 2022 £000 Share of gross assets Share of gross liabilities 158 87 198 122 15. Debtors Group 31 August 2023 £000 Gmup 31 August 2022 £000 Company 31 August 2023 £000 Company 31 August 2022 £000 Trade debtors Amoun15 owed by group undertakings Other debtors Prepayments and accrued income 1.834 53 1, 745 1,831 144 1,740 400 36 37 80 146 Page 40

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 16. Credltors: Amounts falling due wlthin one year Group 31 August 2023 £000 Group 31 August 2022 £000 Company 31 August 2023 £000 Company 31 August 2022 Trade Creditors other taxation and social security Other creditors Deferred income 383 453 522 158 400 601 378 405 151 371 601 Group 31 August 2023 £000 Gmup 31 August 2022 Company 31 Au9U$t 2023 £000 Company 31 August 2022 Deferred income al 1 September 2022 Resources deferred duiing the period Amounts reloased from previous pertods 2.856 12,8561 2,454 {2.454) 2,818 12.818} 2,405 (2,405) 2818 Page 41

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17. Statsmont of funds Statement of funds- current perlod 8alanc8 at I September 2022 £000 Balance at 31 August 2023 £000 Transfers inlout £000 Gainsl Losses Income £000 Expendlturg Taxation £000 £000 £000 Unrestricted funds Deslgnated funds Arts and design centre Sixth fom) centre fund Property grants fLsnd Arlington Arts Centre 168 {6) 162 654 517 128} {23) 38 626 494 95 General funds Reserves Revaluation reserve Pension resorve 9,475 1.471 15.129 {15.4411 {3521 601 99 8.910 2.072 97 578 Page 42

MARY HARE (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17. Statement of funds {continuedl Balance at 1 September 2Q22 Balanco at 31 August 2023 £000 Transfers inlout £000 Gainsl Losses £000 Income Expendlture Taxatlon £000 £000 £000 Restricted funds Burwood centre for childhood deafness Group Hearing project Arlington Arts Centre car park - The Big Lottery Fund - Nordoff Robbins Swimming PODI Devolved formula capital Teachers pay grant 16-19 Bursary Teacheis pension grant Mu¥ray House Howard House11 New primary s¢hcw)I JC Hall (71 36 16 14 139 93 375 135 90 366 13) {9) 119 256 37 1251 137) 123 188 (1881 1.573 f 51 3.596 {401 {21 1781 1.533 149 3.828 93 310 100 476 154 Totsl of funds Page 43

MARY HARE (A cotnpany limited by guarantse NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17. Statement of funds {contlnued} Statement of funds- prfor period 8al8nce at I September 2021 £000 Balance 8t 31 August 2022 £000 Transfers in/oul £000 Gains/ Losses Income Expendilu £000 Taxation Un￿striCted funds Deswnated funds Arts and design cent Sixlh fonn c8nl fund Propetygronts fund A￿￿ngtOn Arts Cerjlre New piimary school School renovalions 175 (7) 168 686 543 1.425 140 49 (32) (26) (44) (140) 49 654 517 1.381 298 GeneTrl funds Reserves Revaluation TrseTh8 Pension reserve 8.048 1.471 15,045 (13.946) 239 89 9,475 1,471 239 16 Page 44

MARY HARE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17. Statement of funds Icontlnued) 8818nce at I September 2021 8&lance at 31 August 2022 £000 Transfers in/oul Gains/ Losses £000 Income Expenditure £000 T8xalion Restricted funds Burwood cenfre for childhood deafness Group Hearing proieot Arfington Arts Centre carpa - The Bw Lottery Fund - Nordoff Robbins Swimming Pool Devolved fomiula capital Teachers pay grant 16-19 BU￿ary Pupil Premium Teachers penS￿n grant Munay House HowaKI House11 Newprimary school Otheramounts (3) 18 (2) 16 143 95 383 14) (2) (8) 139 93 375 72 220 37 15 72 (174) f37) (7) (T2J 119 187 (187) 1,610 156 2,066 21 (37) (5) 140 21 1.573 151 3,596 1,390 477 59 Total of funds Page 45

MARY HARE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17. ststement of funds Icontlnuedl Sixth form Centre This represents donations received toward5 the building of our four 5ixih form boarding houses. A transfer from designated funds lo g&neral funds will be made over the usefvl economic lrfe of the property. Property Grants These are government grants received historically lo support specrfic applications for property works in the school. A transfer from designated funds to general funds will be made over the useful economic lrfe of the lelated properties. Art & Design Centre This is fundraised monies for the new Art and Design block at school. A transfer from designated lunds lo general fvnds will be made over thg useful economic life of the propety- Arlington Arts Centro This represents donations received towards the Arlington Arts Cenlre. Certain funds are classified as designated funds within unrestricted funds and other funds arp classified as restricted funds. In respect of reslricled funds. a transfer will be made from restricted lo unrestricted funds over the useful economic lrfe of th8 Centre. Burwood centre for childhood deafness Mary Hare operates the BunNood centre for childhood deafness, a facilty which assesses the level of deafness in young children. while ensuring it maintains ils professional independence. The centre exists on donations and invoiced seNices provided. Any defscst in annual running Costs is funded from unreslricled reserves. Swimming pool This represents donations from the Mary Hare Foundation for the refiJrbishment of the swimming pool. A transfer will be made from ￿Stricted lo unrestricted funds over the useful economic life of the asset. Devolved formula capital This income is lo be spent on ftems deemed as capital by the Department of Education. The balance at the year end represents equipment for senior teachers purchased in previous periods. A transfer is made from reslricled to unrestricted funds in respect of depreciation on equipment funded by the grant. Murray House This represents donation$ from the Mary Hare Foundation for the building of Murray Houso. A transfer will b8 made from reslricled to unrestricted funds over the useful economic life of the property. Howard Hou$e11 This represents donations from the Mary Hare Foundation for the building of Howard House11. A transfer will be made from restricted lo unrestricted funds over the useful economic life of the propety. New primary school This represents donations from the Mary Hare Foundation for the building of the new primary school. A transfer will be made from reslricled to unrestricted funds over the useful economic life of the propety. Various other revenue grants and donathJns have been received during the period. Transfers Tiansfers out of reslricled funds relate lo depreciation on restricted fixed assets. Transfer5 Out ol designated funds relate lo non-capital rtems which have been purchased out of the general resetves. Page 46

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 18. Summary of funds Summary of funds- Current period Balance ét 1 September 2022 Balance at 31 August 2023 £000 Transfers inlout £000 Gainsl {Lo$$es) £000 Income £000 Expenditure £000 Taxation £000 Designated funds General funds Restricted funds 2, 720 9,2Q7 1951 249 154 2,62S 9,625 15,129 925 {15,538} 476 578 Summary of funds- prfor year Balance at I September 2021 Balance at 31 August 2022 £000 Transfers in/oul £000 Gains/ (Losses) Income Exp8ndi(ure Taxat￿￿ Designated fiinds General funds Restricted funds 3,018 {7,061J (298J 239 59 2,720 9,20T 15,045 (15,374) 477 16,358 19. Anatysis of net assets bgtwaen funds Analysis of net assets between funds- current perlod Restricted Funds 2023 £000 Unre$trl¢ted Funds 2023 £000 Total Funds 2023 £000 Tangible fixed assets Fixed asset investments Current assets Creditors due wrthin one year Provisions for liabilities and charges 6.246 13,042 71 5,061 14,5671 19,288 71 5.190 14,5671 129 Total Page 47

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 19. Analysis of net assets between funds Icontlnued) Analysi5 of net assets betwegn fund$- prior period Reslncted Funds 2022 £000 Unreslricled Funds 2022 Total Funds 2022 Tangible fixed assets Fixed asset investments Cuffent ass8ts Creditors due within ona year Pmvisions forliabililies and charges 5,945 13,564 76 4,041 (4,015) 19,509 76 4,176 (4,015) 135 Total Group and ¢hartty restrlded fvnds Tangible flxed assets 2023 £000 Other assets (liabilities) 2023 £000 Total funds 2023 £000 rolal funds 2022 £000 Restrlcted funds Burwood centre for childhood deafness Arlington Arts Centre car park GfOUP Hearing project Arfington Arts Centre other costs 14 14 36 225 16 225 232 241 277 258 DfE grants Devolved Fomula Capital 123 123 118 Other funds Murray House 16-19 Bursary Howard House11 Swimming Pool New Primary School Other amounts 1,533 1.533 1.573 149 366 3,828 93 149 366 3,828 93 152 3T5 3,596 Pagè48

MARY HARE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 20. Recon¢iliatlon of net movement in funds to net cash flow from operating actlvltles Group 2023 £000 Group 2022 Nel incomelexpendilure for the period {as per Standard of Financial Aclivitiesl 139 Adjustments for: Depreciation charges Profil on the sale of fixed assets Decreasellincreasel in stocks IlncreaselJde¢rease in debtors Increasel{decreasel in creditors Investment income Pension scheme c051s Movement on joint venture invgstments 543 372 (16) (6) (365) (437) 1123) 553 35 97 1,428 Net cash provided by operatlng activitie$ 21. Analysls of cash and cash oqulvalents Group 2023 £000 Group 2022 £000 Cash in hand Total cash and cash equlvalents 22. Analysis of changes In net debt 2022 £000 Cash flows £000 2023 £000 Cash at bank and in harKI 894 Page 49

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 23. CapStal commitrnents Group 2023 £000 Group 2022 Company 2023 £000 Company 2022 Contracted for but not provided in these financlal statements Acquisition of tangible fix￿ assets 116 116 Pension commltments The company participates in the Teachers, Pension Seheme (England and Wales) Ilhe TPS"} and the Royal County of Berkshire Pension Scheme IRCBPSI. The company makes contributions to both in accordance with recommended rates. These are both defined benefit SGhemes. In 2023 the cost of pension contributions was £1.531,000 (2022.. £1,422,000) including £779.00012022.' £693,000) lo the TPS and £752,00012022'. £568,000) lo the RCBPS. Al the year end contributions of £165,000 12022.. £162,000) were oulslanding. The schemes are accounted for differently as the assets and liabilities of the RCBPS scheme can be separately identified as belonging lo Mary Hare. This is not the case for the TPS scheme and only summary infomalion for the scheme as a whole is provided. Mary Hare also operates the People's Pension defined conlribulson scheme and the pension charge represents the aFnounts payable by the group lo the fund for the period. The company made contributions of £233,000 (2022.- £161,OOOJ during the year. At the year end eonlributions of £33.00012022.. £22,000) were outstanding. The Teachers. Penslon Schemo The TPS is an unfunded mulli-employer defined benefits pension scheme govemed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The employer contribution rale is set by the Secretary of Slate following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. Following the Mccloud judgement, the remedy proposed that when benefrts become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 to 31 March 2022. The actuaries have assumed that members are likely to Choose the option that provides them with the greater benefits. and in preparing the 2020 valuation have valued the 'greater valug. benefits for groups of relevant members. The valuation confirmed that the employer contribution rale for the TPS would increase from 23.60h lo 28.60/0 from 1 April 2024. Employers are also required lo pay a scheme adrninistralion le￿ of 0.08010 giving a lolal employer contribution rale of 28.680A. Page SO

MARY HARE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 24. Penslon commitments Icontlnuedl The Royal County of Berkshlre Pension Schem The group operates a defined benefjt pension scheme. which has been closed to new members fiom 1 January 2019. The last formal valuation on the assets and liabilrties of the whole scheme was perfomied on 31 March 2019 and updated lo 31 August 2021. identifying specific assets and liabilities relating lo Mary Hare. by qualrfied independent actuary. The major assumptions used by the actuary were.. PrSn¢lpal actuarial assumptions at the Balance sheet dato1gxpr&ssed as welghted averages}.' 2023 2022 Discount rale Future salary increase5 Future pension increases 5.30 4.25 2023 2022 Mortality rates lin years) - lor a male aged 65 now - al 65 for a male aged 45 n¢)w - for a female aged 65 ni)w - at 65 for a female aged 45 now 20.7 22.0 23.6 21.0 22.3 23.8 2023 £000 2022 The group's sharo of the assets In the scheme was: Equities Cred(( Property Cash and other liquid assets Longevity insurance Infraslruclure 11.167 2,098 1.649 128 1810} 10,281 2,562 2,20t 277 (668J Page 51

MARY HARE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 24. Pension commltments (continued) The amounts recognlsed In the Consolidated statement of flnanclal adivities are as follows: 2023 £000 2022 Current service cost Net interest on the defined liability Administrative expenses 806 57 1,911 268 16 Total amount recognised In th? ¢on$olidated Statement of flnancial activities Present values of schemo liabilities, fair value of assets, Ideti¢itll$urplus: 2023 £000 2022 Fair value of assets Present value of liabilities 16,453 16,436 Nel Iliabilityl to be recognised Page 52

MARY HARE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 24. Pension commitmgnts {¢ontinued) Movements in the present value of the dofined benefit obligation were as follows.. 2023 £000 2022 Opening defined benefrt obligation Contributions by scheme participants Actuarial losses Benefits paid Current Servi￿ cost Interest cost 18,175 198 11.889> {2511 806 771 37.482 255 (15.528) (463) 1.911 518 Closing deflned benefit obligatlon Movements in the fair value of the group's share of scheme assets were as follows: 2023 £000 2022 £000 Opening fair value of scheme assets Interest income Actuarial gains Contributions by employer Conlribulion$ by scheme participants Benefits paid Administration expense8 16.436 714 {1.4101 779 198 12511 14,902 250 741 767 255 1463J 16 Closlng falr value of scheme assets 25. Related Party Transactions Close family members of trustees are paid a total salary of £23,88712022-. £nil)- All close relatives who are, or have been, employed by the School have a standard contract of employment and their salaries ale determined by the role within the School's pay banding slrncture and approved by the School's standard aulhorisation processes. Any general pay award increases across all staff or cohorts of staff are approved by the Trustees. 26. Mary Hare Foundation As noted in the Report of the Board of Trustees. Mary Hare is associated with the Mary Hare Foundation, a charitable trust (Regislralion No. 10026801. The purpose of the Mary Hare Foundation is to raise significant funding for major capital and other projects undertaken by Mary Hare. The Foundation financial statements are made up to 31 August. Its nel assets at 31 August 2023 were £96,000 {2022.. £134,000). Total funds raised in the year lo 31 August 2023 were £431,000 {2022'. £1,166,000). Mary Hare bears the administration costs of the Foundation. In the year to 31 August 2023 lolal costs were £105,000 12022.. £103,000}. Further details of the Foundation can be obtained from Arlington Manor, Snelsmore Common. Newbury. During the period the Foundation has donated funds of £442,00012022.. £1,530,000) to Mary Hare. Page 53

MARY HARE (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 27. Subsidiary lolnt venture investments Mary Hare Services Ltd has investments in three other entities. Two are incorporated as limited companies in England and Wales, the Hearing Aid Repair Shop IUKI Ltd and Mary Hare Total Hearing Solutions Ltd. During the year ended 10 July 2008 a limited liability partnership venture was set up, Mary Hare Hearing Centres LLP. All are jointly managed and controlled by Mary Hare Services Ltd and a third party, with the risks and rewards of ownership split equally beNveen these parties. Therefore, in accordance with relevant accounting standards all have been Ir&ated as 50Qh joint ventuies of Mary Hare Services Limited. The Hearing Aid Repalr Shop IUKI Ltd Mary Hare Services Ltd has a 500h interest in this company by way of owning issued share capital of £1. The Hearing Aid Repair Shop IUKI Ltd was incorporated on 5 January 2001 with ils principal actThiity being the repair of hearing aid5. 11 prepares accounts to 31 December. For the year ended 31 December 2022 the company reported a profit of £12,00012021.. £13,000} and as al 31 December 2022 had net assets of £48.00012021.' £47,000). Mary Hare Total Hoaring Solutions Ltd During the year ended 10 July 2008 the Company transferred all assets and liabilities with the exception of the inlereompany balance to the new joint venture partnership. Mary Hare Hearing Centre LLP, and is domiant. with net liabilities of £45,00012022.. £45,000). Mary Hare Hearing Centres LLP Mary Hare Hearing Centres LLP commenced trading on 1 January 2008 with rts principal activ¢ty being the assessment of hearing and provision of aids for the hearing impaired. It prepares accounts to 31 December. For the year ended 31 December 2022 the LLP reported a profft of £70,00012021'. £135,OOLII and as at 31 December 2022 had net assets of £187,000 {2022.. £135.0001. Mary Hare servI￿s Ltd has an interest in Mary Hare Hearing Centres LLP by way of loan. As al 31 August 2023 the loan was £53,000 12022.. £53,000). Flnan¢ial Instruments Financial instruments held al amortised cost are trade deblofs, other debtors, intercompany debtors, cash at bank. trade creditors, other ¢redi(ors and accruals. 2023 2022 £000 £000 Group Financial assets measured al amortised cost Financial liabilities measured at amortised cost 4.992 4,041 S¢hool Financial assets measured al amortised cost Financial liabilities measured al amortised cost 4,765 3,917 The income, expense. gains and losses in respect of financial instruments are summarised below: 2023 2022 Group and School Total interest income for financial asse15 held at amortised cost Page 54