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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-7|
|Independent
Auditors'|Report|on the Financial Statements|8-10|
|Statement of Financial|Activities|||
|Balance Sheet|||12|
|Statement ofCash Flows|||13|
|Notes to the Financial|Statements||14-30|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 AUGUST 2022|||
|Trustees|||Mr D C du Celliee Muller|||
||||MrJ H Richardson
(resigned 16September 2021)|||
||||MrJ A BOttewell|||
||||Mr D E Bulger|||
||||Mr C Crowley|||
||||Mr M
I Tomalin|(appointed|1 September 2022)|
|Company|registered|||||
|number|||03367515|||
|Charity registered||||||
|number|||1062507|||
|Registered||office|180Ashbourne|Road||
||||Derby|||
||||DE22 3BH|||
|Company|secretary||Miss H N Radford|||
|Independent||auditors|Bates Weston|Audit Ltd||
||||Statutory Auditors|||
||||Chartered
Accountants|||
||||The Mills|||
||||Canal Street|||
||||Derby|||
||||DE1 2RJ|||
|Bankers|||HSBC Bank Pic|||
||||1 St Peter's Street|||
||||Derby|||
||||DE12AE|||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022f|2022f|2022
f.|2021f|
|Income from:|||||||
|Donations
and legacies||2|6,742,728||6,742,728|16,370|
|Charitable
activities||3|4,470,277|263,579|4,733,856|4,935,597|
|Other income|||20,269||20,269|5,275|
|Total income|||11,233,274|263,579|11,496,853|4,958,242|
|Expenditure
on:|||||||
|Charitable
activities||4|4,393,097|261,024|4,654,121|4,477,923|
|Total expenditure|||4,393,097|261,024|4,654,121|4,477, 923|
|Net income before|net losses on||||||
|investments|||6,840,177|2,555|6,842,732|480,319|
|Net losses on investments|||(153,076)||(153,076)||
|Net income|||6,687,101|2,555|6,689,656|480,319|
|Transfers
between|funds|13|323,007|(323,007)|||
|Net movement
in funds|||7,010,108|(320,452)|6,689,656|480,319|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||1,520,972|391,479|1,912,451|1,432, 132|
|Net movement
in funds|||7,010,108|(320,452)|6,689,656|480,319|
|Total funds carried forward|||8,531,080|71,027|8,602„107|1,912,451|
##
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##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||F||5|
|Fixed assets|||||||
|Tangible assets||||5,911,391||564,987|
|Investments||||2,460,750||1,254,712|
|||||8,372,14'I||1,819,699|
|Current assets|||||||
|Debtors||10|124,573||155,401||
|Investments||11|51,224||51,210||
|Cash at bank and in hand|||589,677||265,717||
||||765,474||472,328||
|Creditors: amounts|falling due within one||||||
|year|||(535,508)||(379,576)||
|Net current assets||||229,966||92,752|
|Total net assets||||8,602,107||1,912,451|
|Charity funds|||||||
|Restricted funds||13||71,027||391,479|
|Unrestricted
funds||13||8,531,080||1,520,972|
|Total funds||||8,602,107||1,912,451|
##
##
||||Note|2022
E|2021f|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Net cash used
in operating
activities|||16|344,457|497,715|
|Cash flows from investing
activities||||||
|Dividends,
interests
and rents from investments||||13,655||
|Purchase oftangible
fixed assets|||||(23,994)|
|Sale oftangible fixed assets||||520||
|Purchase of investments||||(1,071,734)||
|Proceeds from the disposal of investments||||16,413||
|Classification
transfer ofbrought
forward|cash investments|||(1,254,712)||
|Net investments
acquired
from connected||company||1,020,663||
|Net cash used in investing
activities||||(1,275,195)|(23,994)|
|Change
in cash and cash equivalents|in the year|||(930,738)|473,722|
|Cash and cash equivalents
at the beginning||ofthe year||1,571,639|1,097,917|
|Cash and cash equivalents
at the end|ofthe year||17|640,901|1,571,639|
|The notes on pages 14to 30 form part ofthese financial statements||||||
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022f|2022f|2021f|
|Donations||||||231,260|231,260|16,370|
|Donation|from|RSDD|2016|Property|Trust|6,511,468|6,511,468||
|Market v|alue of net assets tra|nsferred
comprised
the foll|owing:||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2022f|2022
6|
|Freehold|property||5,490,805|5,490,805|
|Investments|||1,058,433|1,058,433|
|Amounts|owed by connected|charity|(37,770)|(37,770)|
||||6,511,468|6,511,468|
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022
f|2022
f|2022f|2021f|
|Pupil fee income||3,178,625||3,178,625|3,169,696|
|Grants||108,593|263,579|372,172|65,687|
|Government|grants|1,183,059||1,183,059|1,701,214|
|Total 2022||4,470,277|263,579|4,733,856|4,936,597|
|Total2021||4,608,617|327,980|4,936,597||
##
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|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total|Total|
|||||2022|2022|2022|2021|
|||||E|E|E|E|
|Staffing costs||||3,124,673|40,849|3,'l65, 522|3,093,530|
|Education|and||pupil support costs|374,210||374,210|372,166|
|Campus|and|property costs||601,437|220,175|821,612|770,636|
|Administration|||costs|235,977||235,977|189,799|
|Governance||costs||56,800||56,800|51,792|
|||||4,393,097|261,024|4,654,121|4,477,923|
|Total 2021||||4,162,959|314,964|4,477,923||
##
||||Staff costs|Depreciation|Other costs|Total|Total|
|---|---|---|---|---|---|---|---|
||||2022
E|2022|2022
E.|2022
E|2021f|
|Staffing costs|||3,065,689||99,833|3,165,522|3,093,530|
|Education
and||pupil support||||||
|costs|||||374,210|374,210|372,166|
|Campus
and|property costs|||140,671|680,941|821,612|770,636|
|Administration||costs|||235,977|235,977|189,799|
|Governance|costs||||56,800|56,800|51,792|
||||3,065,689|140,671|1,447,761|4,654,121|4,477,923|
|Total 2021|||2,990,516|27,197|1,460,210|4,477,923||
##
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|Auditors'|remuneration|||||
|---|---|---|---|---|---|
|||||2022f|2021f|
|Auditors'|remuneration|||9,100|8,700|
|Fees payable to the Charity's||auditor|in respect of:|||
|Non-audit|services|||6,900|6,600|
##
|Staff costs|||
|---|---|---|
||2022|2021|
||f.||
|Wages and salaries|2,568,402|2,499,772|
|Social security costs|223,839|213,544|
|Other pension costs|273,448|277,200|
||3,065,689|2,990,516|
|The avera|g|e
number
of persons employed
by the Charity|during the year was as follows:||
|---|---|---|---|---|
||||2022|2021|
|Academic|||26|26|
|Residential||care|12|11|
|Learning|support||45|46|
|Corporate||&technical services|29|29|
||||112|112|
|2022|2021|
|---|---|
|No.|No.|
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|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Motor|Fixtures and||
||property
f|property
6|vehicles
F|fittings
F|Total
6|
|Cost or valuation||||||
|At 1 September 2021||609,195|79,149|1,562,873|2,251,217|
|Additions|5,490,805||||5,490,805|
|Disposals|||(20,884)||(20,884)|
|Transfers
between classes|609,195|(609,195)||||
|At 31August 2022|6,100,000||58,265|1,562,873|7,721,138|
|Depreciation||||||
|At 1 September 2021||110,985|79,149|1,496,096|1,686,230|
|Charge for the year|109,816|12,184||22,401|144,401|
|On disposals|||(20,884)||(20,884)|
|Transfers
between classes|123,169|(123,169)||||
|At 31August 2022|232,985||58,265|1,518,497|1,809,747|
|Net book value||||||
|At 31August 2022|5,867,015|||44,376|5,911,391|
|At31August 2021||498,210||66,777|564,987|
##
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||||||Listed|
|---|---|---|---|---|---|
||||||investmentsf|
||Valuation|||||
||At 1 September 2021||||1,254,712|
||Additions||||1,071,734|
||Disposals||||(16,413)|
||Revaluations||||150,717|
||At 31 August|2022|||2,460,750|
|10.|Debtors|||||
|||||2022f|2021f|
||Trade debtors|||43,094|31,575|
||Due from connected||charity||33,670|
||Prepayments|and accrued income||81,479|90,156|
|||||124,573|155,401|
|11.|Current asset investments|||||
|||||2022f|2021f|
||Cash on deposit|||51,224|51,210|
##
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||||2022|2021|
|---|---|---|---|---|
||||6||
|Trade creditors|||295,187|45,644|
|Other taxation
and social security|||67,842|48,266|
|Other creditors|||13,340|20,548|
|Accruals|and deferred
income||159,139|265,118|
||||535,508|379,576|
||||2022|2021|
||||6|6|
|Deferred|income at 1 September|2021|184,216|161,709|
|Resources deferred
during the year|||117,051|184,216|
|Amounts|released from previous|periods|(184,216)|(161,709)|
|Deferred|income as at 31 August 2022||117,051|184,216|
##
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##
|Statement offund|Statement offund|s (continued)||||||
|---|---|---|---|---|---|---|---|
|General funds||||||||
|General funds||1,516,157|11,225,271|(4,390,243)|(2,290,819)||6,060,366|
|Total||||||||
|Unrestricted||||||||
|funds||1,520,972|11,233,274|(4,393,097)|323,007|(153,076)|8,53'I,080|
|Restricted||||||||
|funds||||||||
|Leasehold||||||||
|Building Funds||329,844||(8,454)|(321,390)|||
|Greggs||817|400|(525)|||692|
|Devolved
Capital||||||||
|Grant||8,933|9,518|(13,761)|||4,690|
|NMSS||||||||
|Maintenance||||||||
|Grant|||122,370|(122,370)||||
|Pupil Premium||||||||
|Receipts||1,000|74,225|(75,225)||||
|Sports Premium||||||||
|Grant||1,105|16,250|(17,355)||||
|Roe Memorial||34,687|||||34,687|
|European
Visits||||||||
|Fund||7,873|6,142|(74)|||13,941|
|Moscow||||||||
|Bilingual||1,650|||||1,650|
|Sponsorship|5|||||||
|aside||5,430|||||5,430|
|Tutoring
Grant|||17,449|(17,449)||||
|Free School||||||||
|Meals|||1,617||(1,617)|||
|Deaf Heritage|||9,825|(1,620)|||8,205|
|Bursary 20/21|||3,418|(3,107)|||311|
|Foundation||||||||
|Derbyshire|||1,618|(197)|||1,421|
|Duke of||||||||
|Edinburgh||140|747|(887)||||
|||391,479|263,579|(261,024)|(323,007)||71,027|
|Total offunds||1,912,451|11,496,853|(4,654,121)||(153,076)|8,602,107|
##
##
|13.|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|---|
||Statement offunds|- prior year||||||
||||Balance at||||Balance al|
||||1September|||Transfers|31Augusl|
||||2020
6|income|Expendituref|in/out
8|2021
8|
||Unrestricted
funds|||||||
||Designated
funds|||||||
||Children's
Fund||5,016||(627)||4,389|
||Fundraising||2375|10,350|(11,075)|(1,650)||
||Tuck Shop||326|784|(684)||426|
||||7,717|11,134|(12,386)|(1,650)|4,815|
||General funds|||||||
||General funds||1,029,641|4,619,128|(4,150,573)|17,961|1,516,157|
||Total Unrestricted
funds||1,037,358|4,630,262|(4,162,959)|16,311|1,520,972|
||Restricted funds|||||||
||Leasehold
Building Funds||338,298||(8,454)||329,844|
||Greggs||1,250|1,000|(1,433)||817|
||Devolved
Capital Grant||22,332|21,527|(34,926)||8,933|
||NMSS Maintenance|Grant||127,405|(127,405)|||
||Pupil Premium
Receipts||12,760|60,405|(72,165)||1,000|
||Sports Premium
Grant||6,864|16,300|(5,859)|(16,200)|1,105|
||Greggs Hamper
Fund|||3,000|(3,000)|||
||Roe Memorial|||34,687|||34,687|
||European
Visits Fund||6,716|1,250|(93)||7,873|
||Careers Local|||4,500|(4,500)|||
||Covid Catch Up Funding|||27,600|(27,600)|||
||Moscow Bilingual|||||1,650|1,650|
||Sponsorship
5aside||5,430||||5,430|
||Free School Meals|||1,761||(1,761)||
||Bursary 20/21|||2,795|(2,795)|||
||Foundation
Derbyshire||1,124||(1,124)|||
||Duke of Edinburgh|||750|(610)||'140|
##
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||Balance at 1|Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|---|
||September||||Transfers|Gains/|31 August|
|||2021f|Income
f|Expenditure
F|in/outf|(Losses)
F.|2022
F|
|Designated||||||||
|funds||4,815|8,003|(2,854)|2,613,826|(153,076)|2,470,714|
|General funds||1,516,157|11,225,271|(4,390,243)|(2,290,819)||6,060,366|
|Restricted|funds|391,479|263,579|(261,024)|(323,007)||71,027|
|||1,912,451|11,496,853|(4,654,121)||(153,076)|8,602,107|
|Summary|offunds|- prior year||||||
||||Balance at||||Balance at|
||||1September|||Transfers|31August|
||||2020|Income|Expendituref|in/outf|2021f|
|Designated|funds||7,717|11,134|(12,386)|(1,650)|4,815|
|General funds|||1,029,641|4,619,128|(4,150,573)|17,961|1,516,157|
|Restricted|funds||394,774|327,980|(314,964)|(16,311)|391,479|
||||1,432,132|4,958,242|(4,477,923)||1,912,451|
##
##
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##
|Analysis of net assets between
funds - cur|rent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022
F|2022f|2022
5|
|Tangible fixed assets|5,911,391||5,911,391|
|Fixed asset investments|2,460,750||2,460,750|
|Current assets|694,447|71,027|765,474|
|Creditors due within one year|(535,508)||(535,508)|
|Total|8,531,080|71,027|8,602,107|
##
|Analysis of net assets between funds - prio|r year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|||5|E|
|Tangible fixed assets|226,210|338,777|564,987|
|Fixed asset investments|1,254,712||1,254,712|
|Current assets|404,714|67,614|472,328|
|Creditors due within one year|(364,664)|(14,912)|(379,576)|
||1,520,972|391,479|1,912,451|
##
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##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||F||
||Net income for the year (as per Statement ofFinancial||Activities)|6,689,656|480,319|
||Adjustments
for:|||||
||Depreciation
charges|||144,401|30,928|
||Gains on investments|||(150,717)||
||Dividends,
interests
and rents from investments|||(13,655)||
||Profit on the sale offixed assets|||(520)||
||Movement
in debtors|||30,828|164,570|
||Movement
in creditors|||155,932|(153,101)|
||Donation ofconnected|charity net assets||(6,511,468)||
||Net cash provided
by operating
activities|||344,457|522,716|
|17.|Analysis ofcash and|cash equivalents||||
|||||2022
f|2021
f|
||Cash in hand|||589,677|265,717|
||Notice deposits (less than 3 months)|||51,224|1,305,922|
||Total cash and cash|equivalents||640,901|1,571,539|
|1&.|Analysis ofchanges|in net debt||||
||||At 1|||
||||September||At 31|
||||2021|Cash flows|August 2022|
||||f|f.|F|
||Cash at bank and in hand||265,717|323,960|589,677|
||Cash equivalents||51,210|14|51,224|
||||316,927|323,974|640,901|
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|N|0||u*l|||||N||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Ntf|||(I|*)sf|MN|||||1307210800||
|||I|IV0812022|REsrncrEC||||FVNcs||SIVD|Nl 3ACC|040Ile||||
|||I|3IVNI2022|||||||3SO|Nl SACC|1017DO||||
|||I|SIINV2D22|||||||Sol|Nl 3ACC|||||
|||I|SVNV2D22|a||Iv||||322D|Nl SACC||.ISVOD|||
|||||||||||r||||||
|||I|30D812D22|||||||4150|NI.3ACC||.203.0IMO|||
|||I|MXI2022|||||||IVN|NIOACC|4tvuwv||||
|||I|300012022|F|X|||||XX|Nl 3ACC|151700||||
|||||||||||r||||||
|||I|3IINV2022|||||||6030|Nl 3ACC|12,X500||||
|||I|SINI52072|||||||SDSD|NI3ACC|2D7000IN||||
|||I|SVD812D22||||||||NIOACC|||||
|||||||||||||28529IIID|.2651mx|Ix8040DI|MIIVD|
|||I|SIINV2D22|aukf||0FI p|I|||6D50|||.2IM|||
|||0|M0812D22|0|p|||||||2V 0||||
|||||||||||||210D|2100|IX8007DS|2t00|
|Royal School for the Deaf Derby
Management
Report ofthe Auditors
to the Board ofTrustees for the year ended|Royal School for the Deaf Derby
Management
Report ofthe Auditors
to the Board ofTrustees for the year ended|Royal School for the Deaf Derby
Management
Report ofthe Auditors
to the Board ofTrustees for the year ended|Royal School for the Deaf Derby
Management
Report ofthe Auditors
to the Board ofTrustees for the year ended|Royal School for the Deaf Derby
Management
Report ofthe Auditors
to the Board ofTrustees for the year ended|31August|31August|2022|2022|||||||lII bates|weston|weston|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||ADDI I|
|2.2
PROPOSED AUDIT ADJUSTMENTS||||||||||||||||||
|Ag unadJusted
errors below materlagly||||are|noted|In this||report|unless||they sre||clearly trivial. Adjustmenl||has not been made on the grounds|of immateriality,|both|
|individually
and In aggregate.||||||||||||||||||
|Misstatement||||||||||||||||||
|Nature of misstatement|Ia circumstances||ofits||Amount ofactual Ipotential||||||||UnadJusted|UnadJusted||||
|occunenca land name ofcomponent||for gra||up|misstatement|||on tha|||||PIILEffect|gf0 Eifect||||
|audits, where applicable)||||||||||||||||||
||||||Pamual||Judgem||nt|Prol||M d||||||
|Tdd bit b lan es on|aged creditors|to trade||||000||||||D OD|OM|||||
|debtors||||||||||||||||||
|42.4T
d o dg|||||||||||||000|10907M||||
|10000 I
L d9|||||||||||||OM|10.9DTDS||||
|Propose lo capltagss|Are alarm system|||||000||-47.msM||||Dtgl|Ar.mg M|47,048 OD||||
|expenses from repairs|0bring InI year depn|||||||||||||||||
|(over 6years)||||||||||||||||||
|2IOFDI
0Fgd
g|Ader||||||||||||ODD|59.7970tl||||
|00500
Idl gn pe||||||||$9.79J00|||||-59,79710|000||||
|255Fhl
&F08 g|d*p d
8
0|9|||||||||||0to|-1194900||||
|60250 gdngD
p|' tu|||||||n 94900|||||n 949 00|000||||
|TOTAL:||||||000||-17840IN||||ODO|A78!0DD|47.04000||||
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