Registered number: 03367516
Charity number: 1062507
ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ROYAL SCHOOL FOR THE DEAF DERBY
{A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administratlve Details of the Charity, its Trustees and Advisers
Trustees, Report
Independent Auditors. Report on the Flnancial Statements
8-10
Statement of Financial Activities
11
Balance Sheet
12
Statement of Cash FIov4
13
Notes to the Financial Statements
14-30

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Mr D C du Celliee Mu51er
Mr J A B Ottewell
Mr D E Bulger
Mr C Crowley
Mr M l Tomalin
Company registered
number
03367515
Charity reglstered
numbor
1062507
Registered office
180Ashbourne Road
Derby
DE22 3BH
Company secretary
Miss H N Radford
Independent auditors
Bales Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE12RJ
Bankers
HSBC Bank PIC
1 St Peter's Street
Derby
DE12AE
Page 1

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the audited financial statements for the year 1 September
2023 to 31 August 2024. The Trustees confirm thal the Annual Report and financial statemenls of the company
comply with current statulory requirements, the requirements of the company's governing document and the
provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing Iheir accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102).
OBJECTIVES AND ACTIVITIES
Pollcies and objectives
The main objeclive of the charitable company is to promote the relief of children and young people who are deaf
or whose hearing or speech is impaired, by furthering their education.
Strategies for achieving objectlves
Accordingly, the charitable company is dedicated to the operation of an effective special school for deaf children
and young people.
Activities forachleving objectives
Curriculum design which places the progress and experiences ofchildren at the heart of everyday practice.
A clear vision for children and young people to-
Have confidence in developing Iheir own deaf identity and their sense of belonging-
Feel safe, happy and cared for in an environment where all children are listened to, can express their views
and are understood whatever their preferred communication.,
Be challenged to achieve their best through excellent leaching, a comprehensive curriculum and a wide
variety of experiences from Early Years to 16 Plus.,
Work in an environment that encourages lifelong learning, and equips children and young people with the
tools and skills to achieve.,
Be tolerant and inclusive, so all children and young people are able to bu ild effective relationships based on
empathy, friendship and respect.,
Have access to excellent communication support.
MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR THE PUBLIC BENEFIT
The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit,
including the guidance contained in the document Public Benefit.. Running a Charity (PB2}.
ACHIEVEMENTS AND PERFORMANCE
Review of activities
Last year Trustees purposed the school with some challenging objectives including continuous improvement to
the quality of the provision and securing financial sustainability.
The outcomes of independent, expert scrutiny into curriculum intent, implementation and impact led a non-stop
focus on continuous improvements to learning. A curriculum policy and map is established to ensure whatever
children and young people learn can be applied with independence and fluency.
Dialogue between professionals sparked constructive discussions and an idea about how deaf children can best
access phonics. Collaboration formed a launch pad for accelerating language acquisition al the most crucial
Page 2

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
time, Key Stages 1 and 2. Together with an innovalive bilingual approach, the idea counters language
deprivation, provides a gateway to the wider curriculum and drives up literacy - the ability to read, write, speak
and understand what is written and spoken in a way that lets us Communicate helps make sense of the world.
Pioneering progress is made in championing a model of social disability which recognises that disability is
something that is created by society. For Dldeaf children and young people this is often a lack of deaf
awarenes5 and sign language skills beyond the school gates. In the year the British Sign Language (BSL) team
have delivered accredited BSL courses to front line services including the Police, Firefighters and children at
local schools. In addition, functional and accredited BSL luition is offered to all parenls and carers of Dldeaf
children and young people at the school free of charge.
The school's aspiration to be the best outstanding provider of learning for Dldeaf children and young people was
put lo the test by its social care regulator in February and November 2024. The outcome across all key
headings is outstanding. Trustees are delighted to read that children make exceptional progress in education
from their starting points, strong relationships are established with the local community and that staff are
dedicated and committed childcare practitioners. At the time of writing this report the conclusion of another visit,
Ofsted Education, 15 Gomplete. Outcomes across all headings are Good, demonstraling the school's ability to
consistently deliver good and outstanding outcomes against progressively stringent criteria.
Each and every success in the year represents Ihe effort and skill of staff backed by a well resourced,
programme of continuing professional development activities bespoke to each person's role. There were many
highlights throughout the year. Two more Teachers of the Deaf achieved 1 st class distinctions at masters level.
Their research and published dissertations were of direct relevance to the achievements of Dldeaf children and
young people at the school. For example, research into bilingualism which places equal emphasis on English
(spoken and written) and British Sign Language provided a sound evidence base advocating for deaf childrens,
right to develop language preferences of their own. This research was presented to a group of ministers in
parliament, Calling into question thoughts and approaches which advocate use of one language to the exclusion
of the other thereby limiting the services and provision known and available to all deaf children and their families.
A full complement of highly expert in house specialists enabled the school to step in to support where decision
making at a national level reduced access to specialist services for Dldeaf children and young people.
FINANCIAL REVIEW
Trustees continue to celebrate the outstanding financial health of the school endorsed by key funding partners.
Excluding non-operational costs such as depreciation and central government grants to the costs of salary
increases included, a small surplus is evident. Pupil numbers continue to grow protecting the breadth and depth
of the provision and adding vibrancy to each key stage. Mindful of the fragile state of public finances no
increases to fees were applied in Ihe year. Fees remain based on a fair fee structure underpinned by a sound
matrix of need. Each prospective joiner is assessed by highly specialist professionals including speech and
language therapists, audiologist, subject specialist Teachers of the Deaf, health, wellbeing, British Sign
Language and literacy leads before being mapped onto an Education Health and Care Plan. As a result good or
better progress from every child's starting point is secured.
A registered charity and not-for-profit organisation, the school's sole beneficiaries are Dldeaf children and young
people. Against the backdrop of diminished resources and a Special Educational Needs and Disability (SEND)
syslem widely acknowledged as broken, Trustees used their discretion to offer a number of placements to Local
Authorities at a nominal charge where children and young people faced delays.
Reserves targets remain met in full with funds in excess designated to the costs of improving the residential
experience and built environment for children staying away from home. Financial sustainability and success
continue to be driven by robust stewardship of funds, an increasingly qualified, Compelent and confidenl staff
team, effective structure and strong governance.
Page 3

ROYAL SCHOOL FOR THE DEAF DERBY
{A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The broad headlines about financial performance remain relatively constant. The challenge of balancing key
financial indicators, fee income and staff expenditure, remain. Checks and balances are in place. Carefully
considered budgets, timely and thorough management reporting, independent critical observation and regular
collaboration between the Governing Body and Trust Board provide further opportunity for joined up thinking on
the best use of resources. Ongoing inflationary pressures coupled with changes to National Insurance
contributions to employers have added to the challenge of achieving a minimum break even position. The spot
light is on income generation.
GOING CONCERN
After making appropriate enquiries, the Trustees reasonably expect the Charity has sufficient resources to
continue in operational existence for the foreseeable future. For this reason they continue to adopt the going
concern basis in preparing the financial slatements. Further details regarding the adoption of the going concern
basis can be found in Accounting Policies.
PRINCIPAL FUNDING
High needs funding direct from the Education and Skills Funding Agency with top-up fees from Local Authority
placing partners represent Ihe largest part of incoming resources. In the year to 31 August 2024 these amounted
to 96 % of total incoming resources.
RESERVES AND INVESTMENT POLICIES
The unrestricted funds shown on the balance sheet at Ihe year end represent the free reserves of the charitable
company. Current reserves enable the School lo respond independently to material fluctuations in its operating
commitments.
The target £0.9 £1.3m of readily realisable reserves is met. Total reserves are £8.7 million, which includes fixed
assets of £5.6 million. £181,316 of total reserves relates to restricled funds. The target level of reseNes is likely
to be increased in the coming year due to increasing inflationary costs. Reserves held above the target are
designated to campus enhancement and developments to the benefit of Dldeaf children and young people
mentioned under the heading of plans for future development.
Trustees follow a policy of maintaining the investments of the charity in readily realisable, low risk cash products
and investments are held in accordance with the trustees, powers. Investment and reserves policies are
reviewed annually in conjunction with appointed investment managers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constltutlon
The charitable company operates Royal School for the Deaf Derby, a non maintained special school approved
for the education of deaf pupils aged 3 to 19.
The charitable company is a company limited by guarantee, governed by its Memorandum and Articles of
Association and a Board of Governors. The Governors operate subject to a Scheme of Delegation approved by
Trustees.
The Non Maintained Special School Regulations 2015 (1) define the Governing Body as the proprietor of the
School. The Regulations follow the definition of proprietor in the Education Act 1996 which says, "proprietor" in
relation to a school means the person or body of persons responsible for the management of the school, (2).
(1) The Non-mainlained Special Schools (England) Regulations 2015 (legislation.gov.ukJ
(2) Education Act 1996 (legislation.gov.uk)
Page 4

ROYAL SCHOOL FOR THE DEAF DERBY
{A Company Llmlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Method of appointment or election of Trustees
The Trustees of the charitable company constitute directors for Companies Act purposes. One third of Trustees
retire by rotation annually and may also be reappointed. The charitable company may otherwise by ordinary
resolution appoint a trustee to either fill a casual vacancy or as an additional trustee. Appointment of additional
Trustees is subject to the unanimous approval of existing Trustees who may seek out or advertise for additions
to their number in order to enhance the skills and diversity of the Board.
The Governing Body are tasked with taking a strategic view of the school's policies and objectives. Progress and
achievement across key functional operational areas are subject to more detailed monitoring and eva luation by
governors, committees that meet at least once per academic term. Discrete committees meet in addition to full
board meetings and have responsibilities under the following headings.. Resources (including Finance, Human
Resources, Premises and Health & Safety) Pupil Wellbeing & Attainment.
In addition lo governor representation at these meetings, the chair of the Governing Body is invited to altend all
trustee meetings. As well as general responsibilities, each governor is expected to have or adopl an area of
special interest relevant to the school's operation and new governor recruitment is focused on the specialisms
needed. The complement of the governing body is subject to annual ratification by Trustees. The governors may
co opt additional members to enhance any of the committee's capabilities. New governors benefit from an
induclion process, are encouraged to access training and support through the Derby City governor programme
and development sessions provided by the School's Improvement Officer tailored to Ihe Governing Body's
strategic plans and regulatory frameworks.
Organisational structure and decision making
Responsibility for the day to day organisation, management and control of the school lies with its executive, the
senior leadership team {SLT) which is led by the Headteacher who is both a member of the SLT and ex officio
member of the Governing Body. The remit of the Headleacher is to maintain and improve the quality of the
provision and ensure pupil numbers are capable of protecting the breadth and depth of the curriculum. The
performance management of the Headteacher is conducted by a specialist consultant together with the chair of
the Governing Body. The performance management of other members of the leadership team is the
responsibility of the Headteacher. Pay for members of the senior leadership team has been sel on the advice of
an external consultant with reference lo the School Teachers, Pay and Conditions Document England & Wales.
The pay of teaching staff is set by reference to the same Document and the pay of non teaching staff ordinarily
but without precedent determined by reference to the Pay Scales and Allowances of the National Joint Council
for Local Government Services together with accepled practice in the sector.
RISK MANAGEMENT
Governors and Trustees review the risks facing the school by laking on the role of critical friends, monitoring the
qualily of teaching and learning, school self-assessment and development plans, pupil attainment and wellbeing,
safeguarding, income and expenditure, movements in restricted funds, cash flow, key financial indicators, annual
budgets. An "at a glance" oveNiew is provided to Trustees via a balanced scorecard. It gives a comprehensive
overview of performance across all key functions identified in the Scheme of Delegation which, in turn,
delermines levels of autonomy in decision making structures. Individual governors are assigned to scrutinise
and report on particular operational risk areas through the Committees listed above. At present Trustees
delegate to the maximum level of autonomy provided for in the Scheme of Delegation continuing to adopt an
°eyes on - hands off, approach.
Health and Safety issues are a permanent feature of the agenda at the Resources Committee. The declaration
of any conflicts of interest is required before the start of all Truslee, Governor and Committee meetings. Alleged
or suspected material safeguarding issues are a rolling agenda item at all Trustee and Governing Body meetings
and initially reviewed in detail by the Pupil Wellbeing and Attainmenl Committee. There is a safeguarding team
comprised of qualified and competent members of school staff led by the Deputy Head Care & Guidance who is
Page 5

ROYAL SCHOOL FOR THE DEAF DERBY
{A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
the Designated Safeguarding Lead line managed by the Headteacher. Safeguarding policy and practice is
scrutinised by a dedicated Safeguarding Governor. Governors ensure that one of their number always acts as
Safeguarding Governor and receives appropriate training.
Financial sustainability is intimately tied to the quality of Ihe education and care, together maintaining pupil
numbers at suitable fee levels. The Headteacher and Governing Body are required to pay particular attention to
these areas.
The school is a member of the National Association of Special Schools, a body representing the interests of non
maintained special schools. It also works closely with Derby City Council in addressing issues of mutual interest
in the arena of the development of special education for deaf learners.
On 31 October 2024 the Chancellor gave notice of inclusion in Value Added Tax (VAT} policy to all Non
Maintained Special Schools (NMSS} from 01 January 2025. There are inherent risks and benefits.. the legislation
is yet to be tested and was written for independent not NMSS. An implementation plan and risk assessment is in
place guided by VAT experts. Benefits include a new opportunity to reclaim a portion of the VAT the school pays
when purchasing some goods and services.
PLANS FOR FUTURE PERIODS
Future developments
As a long term campus development plan concludes, outcomes and recommendations from visits by key
regulators are known and an interim school development plan ends new priorities are clearly in sight. The next
challenge to the Governing Body and Senior Leadership Team is to consult and devise on a long term strategic
plan to ensure Trustee support is relevant and targeted.
Last year Trustees noted that language is a fundamental part of being human citing research on language
deprivation as a key barrier for deaf children. This impacts on many developmental outcomes including school
readiness. Plans are afoot to build on Ihe successes of messy play sessions and the PEEP Learning Together
Programme for deaf pre-school children through provision of more Early Year and foundation Stage places.
Early intervention is a cornerstone of development. Widening the offer will give the very best start to deaf
children by surrounding them with a team of experts in their field who would ordinarily prove inaccessible.
A discrete budget is set aside to finish off curriculum design and mapping before moving on to focus on
assessment in detail. This ensures resources are targeted and do not detract from other budget headings.
Prospective pupil visits and assessments remain busy as trust and confidence in the provision continues to
flourish. The number of children and young people on roll is growing at each key stage in both day and
residential provisions. Plans to revisit the wishes of children and young people for an earth friendly, modern
campus continue. Providing a contemporary space for children in residence to live and learn in is on the agenda.
Trustees look forward to the outcomes of a number of research projects which hold particular promise for the
successes of Dldeaf children and young people. The school is a key partner in an NHS project into Ihe lived
experiences of deaf people facing inequalities in health care. It's a fact, Deaf people have poorer health than the
general population. They are more likely to have diabetes, heart disease, discover they have cancer at a late
stage, and experience poor mental health. The research sets out to capture the experiences and wishes of the
Deaf community including those of Deaf young people aged 16- 19.11 is a unique chance to shape key strategic
decision making for healthier futures. Ongoing research by University College London, Deafness, Cognition and
Language (DCAL) runs in landem with the school's efforts to improve literacy and curriculum engagement. Most
reading research has focused on mappings between auditory representations of spoken language and written
words,. unfortunately this is often to the exclusion of visual spoken language input (visual speechl lipreading}
which are increasingly recognised as important lo language and reading development, not only in deaf children,
but also in hearing children. The importance of sign language knowledge to reading development in deaf children
is now also well established.
Page 6

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
A review of the existing national curriculum and statutory assessment system in England, to ensure they are fit
for purpose and meeling the needs of children and young people is commissioned by Government. The review
concludes in spring 2025. Adapting to changes in curriculum conlent and assessment will inevitably follow.
Trustees, responsibilities statement
The Trustees who are also directors of Royal School for the Deaf Derby for the purposes of a company limited
by guarantee are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of resources,
including the inGome and expenditure, of the charitable company for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Charities SORP.,
make judgments and accounting estimates Ihat are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the
charitable company and enable Ihem to ensure that the financial slatements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and therefore taking
reasonable steps for the prevention and detection of fraud and other irregularities.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitable company's
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any
relevant audit information and to establish that the charitable company's auditors are aware of that
information.
Approved by order of the members of the board ofTruslees and signed on Iheir behalf by..
MrDE
ulge
Date..
20£5
Page 7

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROYAL SCHOOL FOR THE DEAF DERBY
Oplnlon
We have audited the financial statements of Royal School for the Deaf Derby (the'charity'} for the year ended 31
August 2024 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Statement of Cash
Flows and the related notes, including a summary of significant accounting policies. The financial 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, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its
incoming resources and applicalion of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis o*
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
Conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Other informatlon
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for Ihe other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whelher the other
information is materially inconsislent with the financial statements or our knowledge obtained in the course of the
audit, or olherwise appears to be materially misslated. If we identify such material inconsistencies or apparent
material misstatements, we are required lo determine whelher this gives rise to a material misstalement in the
financial statements themselves. If, based on the work we have performed, we conclude thal there is a material
misslatemenl of this other informalion, we are required to report that fact.
Page 8

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ROYAL SCHOOL FOR THE DEAF DERBY
{CONTINUED)
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report including the Strategic Report for the financial year for which
the financial statements are prepared is consistent with the financial statements.
the Trustees, Report and the Strategic Report have been prepared in accordance with applicable legal
requirements.
Matters on whlch we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in Ihe
course of the audit, we have not identified material misstatements in the Trustees, Report including the Strategic
Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns; or
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.
Responsibilities of trustees
As explained more fully in the Trustees. Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditors. responslbilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures
in line with our responsibilities, outlined above, to detect material misstatemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Page 9

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee}
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ROYAL SCHOOL FOR THE DEAF DERBY
(CONTINUED)
Based on our understanding of the charity and sector in which it operates, we considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as the Companies Act
2006. Audit procedures performed by the engagement team included:
Enquiry of management around actual and potential litigation and claims-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an aLtdil, there is a risk that we will not delect all irregularities, including
those leading to a malerial misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
. uklauditorsres
Auditors, Report.
onsibililies. This description forms part of our
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 audil work has been undertaken so that we might state to the charitable
company's members those malters we are required to State to them in an Auditors, 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 its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Wayne Thomas FCA (Senior Statutory Auditor)
for and on behalf of
Bates Weston Audit Ltd
Slatulory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE12RJ
Date..
Page 10

ROYAL SCHOOL FOR THE DEAF DERBY
IA Company Llmited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Other income
95,586
4,347,043
126,021
95,586
4,794,787
126,021
174,016
4,793,613
71,646
447,744
Total income
4,568,650
447,744
5,016,394
5,039,275
Expenditure on:
Raising funds
Charitable activities
15,574
4,514,716
15,574
4,855,909
16,449
5,186,160
341,193
Total expenditure
4,530,290
341,193
4,871,483
5,202, 609
Net incomel(expenditure) before net
gains on investments
Net gains on investments
38,360
132,158
106,551
144,911
132,158
(163,334)
12,965
Net incomel(expenditurel
Transfers between funds
170,518
(19,1571
106,551
19,157
277,069
(150,369)
14
Net movement in funds
151,361
125,708
277,069
(150,369)
Reconcillatlon of funds:
Total funds brought fomard
Net movement in funds
8,403,180
151,361
48,558
125,708
8,451,738
277,069
8,602, 107
(150,369)
Total funds carried forward
8,554,541
174,266
8,728,807
8,451, 738
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 14 to 30 form part of these financial statements.
Page11

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03367515
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
5,632,616
2,668,854
5, 766,991
2,566,424
10
8,301,470
8,333,415
Current assets
Debtors
Investments
Cash at bank and in hand
11
12
240,661
404,612
147,242
230,039
151,427
124,480
792,615
505, 946
Creditors.. amounts falling due within one
year
13
1365,178)
(387, 623)
Net current assets
427,337
118,323
Total net assets
8,728,807
8,451,738
Charity funds
Restricted funds
Unrestricted funds
14
14
174,266
8,554,541
48,558
8,403, 180
Total funds
8,728,807
8,451, 738
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statemenls were approved and authorised for issue by the Truslees and signed on Iheir behalf by..
MrDEBul
er
Date..
s £oL£
The notes on pages 14 to 30 form part of these financial statements.
Page 12

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee}
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash flows from operating activities
Net cash used in operating activities
17
120,061
(399, 761)
Cash flows from Investing activities
Dividends, interests and rents from investments
Purchase of investments
Proceeds from the disposal of investments
85,545
{494,301)
564,642
30, 635
(145, 706)
149, 838
Net cash provided by investing activities
155,886
34,767
Change in cash and cash equlvalents In the year
Cash and cash equivalents atthe beginning of the year
275,947
{364,994}
640,901
275,907
Cash and cash equivalents at the end of the year
18
551,854
275,907
The notes on pages 14 to 30 form part of these financial statements
Page 13

ROYAL SCHOOL FOR THE DEAF DERBY
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006.
Royal School for the Deaf Derby meels the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
1.2 Company status
The Charity is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee
is limited to £10 per member of Ihe Charity.
1.3 Income
All income is recognised once the Charity has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either.. the Charity is aware that
probate has been granted, the estate has been finalised and notification has been made by
the executor(s) to the Trusl that a distribution will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amounl can be
measured reliably and the Charity has been notified of the executor's inlention to make a distribution.
Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate,
and the criteria for income recognition have not been met, then the legacy is treated as a contingent
asset and disclosed if material.
Pupil fee income represents fees invoiced to Local Authorities for educational purposes supplied
during the year and recognised in the period lo which it relates, logether with "core" pupil funding
from the Educational and Skills Funding Agency, recognised when it is received.
The charitable company also receives grants for educational purposes resulting from initiatives by the
Department for Education and Skills.
Income from trading activities includes income earned from fundraising events and trading activities
lo raise funds for the school. Income is received in exchange for supplying goods and services in
order to raise funds and is recognised when entitlement has occurred.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Page 14

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
1.4 Expenditure (continued)
Expenditure on charitable activities includes the cost of education activilies undertaken to further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meels the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £5,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Leasehold property includes the cosl of any building improvements to leased land.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the slraight-line method.
Depreciation is provided on the following bases..
Freehold property
Motor vehicles
Fixtures and fittings
50 years
4 years
5 years
1.7 Investments
Fixed asset investmenls are a form of financial inslrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on
investments, in the Statement of Financial Activities.
1.8 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over Ihe lease term.
Page 15

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (contlnued)
1.9 Pensions
The School participates in a mulli employer defined benefits pension scheme, "The Teachers,
Pension Scheme {England and Wales)" for its teachers. As a result il is not possible or appropriate
to identify the assels and liabilities of the Scheme which are atlributable to the School. In accordance
with Financial Reporting Slandard 102 therefore, the Scheme is accounted for as a defined
contribution scheme. The Scheme is managed by the Department of Education.
The charity operates a defined contributions arrangement for its non-teaching staff in terms of group
personal pension plans.
Contributions to both schemes are charged in the Statement of financial activities (incorporating
income and expenditure account} as they become payable in accordance with the rules of the
Scheme.
1.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Reslricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Income from donatlons and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
17,707
77,879
17,707
77,879
91, 194
82, 822
Totsl 2024
95,586
95,586
174,016
Page 16

ROYAL SCHOOL FOR THE DEAF DERBY
IA Company Llmited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable activities
Unrestricted
funds
2024
Restrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Pupil fee income
Government grants
3,387,043
960,000
3,387,043
1,407,744
3,390,699
1,402,914
447,744
Total 2024
4,347,043
447,744
4,794,787
4, 793,613
Total 2023
4,340,409
453,204
4, 793,613
Government grants received support the provision ofeducation lo pupils.
Expenditure on raising funds
Costs of raislng voluntary income
Unrestricted
funds
2024
Total
funds
2024
Tolal
funds
2023
Investment management fees
15,574
15,574
16,449
Page 17

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Staffing costs
Education and pupil support costs
Campus and property costs
Administration costs
Governance costs
3,303,594
360,696
533,710
259,702
57,014
267,563
3,571,157
360,696
607,340
259,702
57,014
3,449,431
362,293
1,017,431
275,170
81,835
73,630
4,514,716
341,193
4,855,909
5,186,160
Total 2023
4,855, 171
330, 989
5,186,160
Summary by expenditure type
Staff costs Depreciation Other costs
2024
2024
2024
Total
2024
Total
2023
Staffing costs
Cjucation and PUPII SUPPOrt
costs
3,462,084
109,073
3,571,157
3,449,431
360,696
472,966
259,702
57,014
360,696
607,340
259,702
57,014
362,293
1,017,431
275,170
81,835
Campus and propertycosts
Administration costs
Governance costs
134,374
3,462,084
134,374
1,259,451
4,855,909
5,186,160
Total 2023
3,368,061
144,402
1,673,697
5,186,16G
Page 18

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Auditors, remuneration
2024
2023
Auditors, remuneration
12,570
9,975
Fees payable to the Charity's auditor in respect of..
Non-audit services
5,160
8,025
Staff costs
2024
2023
Wages and salaries
Social security costs
other pension costs
2,840,587
277,926
343,571
2,825,372
248,373
294,316
3,462,084
3,368,061
The average number of persons employed bythe Charilyduring the year was as follows..
2024
2023
Academic
Residential care
Learning support
Corporate & technical seNices
27
27
42
25
46
29
102
111
The number of employees whose employee benefits {excluding employer pension costs} exceeded
£60,000 was:
2024
No.
2023
No.
In the band £60,001- £70,000
In the band £80,001- £90,000
In the band £90,001- £100,000
Key management personnel during the year comprised the Senior Leadership Team who received total
remuneralion and benefits of £359,21512023 - £305,383).
Page19

ROYAL SCHOOL FOR THE DEAF DERBY
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 August 2024, expenses totalling £NIL for mileage were reimbursed or paid
directly lo Trustees (2023 - £NIL)
Tangible fixed assets
Freehold
property
Motor Fixtures and
vehicles
fittings
Total
Cost
At 1 September 2023
6,100,000
58,265
309,209
6,467,474
At 31 August 2024
6,100,000
58,265
309,209
6,467,474
Depreciation
At 1 September 2023
Charge for the year
354,986
122,000
58,265
287,232
12,375
700,483
134,375
At 31 August 2024
476,986
58,265
299,607
834,858
Net book value
At 31 August 2024
5,623,014
9,602
5,632,616
At31 August 2023
5, 745,014
21,977
5, 766,991
10.
Fixed asset Investments
Listed
investments
Valuation
At 1 September 2023
Additions
Disposals
Revaluations
2,566,424
494,301
{564,642)
172,771
At 31 August 2024
2,668,854
Page 20

ROYAL SCHOOL FOR THE DEAF DERBY
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
143,677
96,984
138,234
91,805
240,661
230,039
12.
Current asset investments
2024
2023
Cash on deposit
404,612
151,427
13.
Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
100,849
56,539
46,779
161,011
112,594
55,262
26, 109
193, 658
365,178
387,623
2024
2023
Deferred income at 1 September 2023
Resources deferred during Ihe year
Amounts released from previous periods
116,556
97,010
1116,556)
117,051
116,556
(117,051)
Deferred income as at 31 August 2024
97,010
116,556
Deferred income includes fees charged for pupils of £nil (2023.- £19,199}, ESFA grant funding totaling
£93,075 (2023.. £94,765) and other income of £3,93512023.' £2,671).
Page 21

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Statement of funds
Statement of funds- current year
Balance at 1
September
2023
Balance at
Gainsl 31 August
(Losses)
2024
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Children's Fund
Fundraising
Tuck Shop
Campus
enhancement
4,214
11,696
{265)
(11,410)
{833)
3,949
6,791
57
6,505
890
2,566,424
{29,7281
132,158
2,668,854
2,682,334
7,395
(12,508)
(29,728}
132,158
2,679,651
General funds
General funds
5,820,846
4,561,255 (4,517,782)
10,571
5,874,890
Total
Unrestricted
funds
8,403,180
4,568,650 {4,530,290)
(19,157)
132,158
8,554,541
Restricted
funds
Greggs
Devolved Capital
Grant
NMSS
Maintenance
Grant
Pupil Premium
Receipts
Sports Premium
Grant
1,412
11,741 }
329
448
9,214
{448)
9,214
115,634
115,634
82,427
(78,939)
3,488
261
16,240
(15,080)
1,421
34,687
Roe Memorial
European Visits
Fund
Minibus Fund
34,687
6,861
1,450
(6,861)
5,272
6,722
Page 22

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Statement of funds (continued)
Statement of funds - current year (continued)
Balance at 1
September
2023
Balance at
Gainsl 31 August
(Losses)
2024
Transfers
inlout
Income Expenditure
DCEP Legacy
Theatre
Moscow
Bilingual
Tutoring Grant
Bursary 23124
Foundation
Derbyshire
Teachers Pay
Grant
ESFA Mental
Health Grant
2,500
2,500
1,650
{2,712)
<7,050)
(3,264)
1,062
17,766
{10,716)
3,264
701
(7011
223,597
{223,597}
1,400
(800)
600
48,558
447,744
(341,193}
19,157
174,266
Total of funds
8,451,738
5,016,394
(4,871,483)
132,158
8,728,807
Statement of funds - prior year
Balance at
I September
2022
Balance at
31 August
2023
Transfers
in/out
Gains/
(Losses)
Income Expendilure
Unrestricted
funds
Designated
funds
Children's Fund
Fundraising
Tuck Shop
Campus
enhancement
4,307
5,000
657
(93)
(5, 775)
(1, 357)
4,214
11,696
12,471
700
2,460, 750
105,674
2,566,424
2,470,714
13,171
(7,225)
105,674
2,582,334
Page 23

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 AUGUST 2024
14. Statement of funds (continued)
General funds
General funds
6, 060,366
4,572,900 (4, 864,395)
39,010
12,965
5, 820, 846
Total
Unrestricted
funds
8, 531, 080
4,586,071
(4, 871, 620)
144, 684
12,965
8,403,180
Restrlcted
funds
Greggs
uevoivea Lapitai
Grant
NMSS
Maintenance
Grant
692
970
(2, 163)
5Q1
4,690
29, 105
(33,347)
448
116,757
(116,757)
vupii vremium
Receipts
bports vremium
Grant
95, 366
(95, 366)
16,220
(15,959)
261
Roe Memorial
European Visits
Fund
Minibus Fund
DCEP Legacy
Theatre
Moscow
Bilingual
Sponsorship 5
aside
Tutoring Grant
Free School
Meals
Deaf Heritage
Bursary 20121
Foundation
Derbyshire
Teachers Pay
Grant
Zochonis Trust
34,687
34,687
13,941
2.too
1,450
(9,180)
6,861
t,450
2,500
2,500
1,650
1, 650
5,430
(5,430)
(35,479)
35,479
739
(739)
1,860
8,205
311
(10,065)
(311)
1,421
(720)
701
147,518
5, 000
(147,578)
1,212
(6,212)
71,027
453,204
(330, 989)
(144, 684)
48,558
Page 24

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Llmited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Statement of funds {continued)
Total of funds
8,602, 107
5,039,275
(5,202, 609)
12,965
8,451, 738
Transfers between funds
The transfer into designated funds relates to investment movements so that the carry forward balance
reflects available funds at the balance sheet date.
The Teachers Pay Grant transfer relates to the expenditure incurred by the enlity on salaries and
pensions, which has been allocated against restricted grant income received for the purpose of
subsidising these costs.
The following are restricted and designated funds identified in the statement of funds noted above.
The designated Children's Fund arises from individual unrestricted donations received by the charitable
company that are used in the support of pupils in situations of hardship and for the provision of items for
residential pupils not normally funded through local authority fees.
The designated Campus enhancement fund represents amounts held as long-lerm investments that may
be utilised towards improvements of the school site, as earmarked in the future plan for campus
enhancement.
The closing balance of the DfE Devolved Capital and NMSS Maintenance Grants represent contributions
to the Cost of ensuring the campus is fit for purpose and wherever possible energy efficient and earth
friendly.
Beneficiaries of pupil and recovery premiums are children and young people facing relative socio-
economic disadvantage. Each premium is focused on effective approaches to raising educational
attainment for example, supporting high quality learning and tackling non-academic barriers to academic
success, such as difficulties with attendance, behaviour and social and emotional wellbeing. A full report
on the impact of these premiums is published annually on our website.
The national tutoring grant is similar to the pots of funding above however it is a discrete fund used only to
provide a fraction of costs of school led tutoring. This year in house specialists have provided targeted
academic support to individual and groups of disadvantaged pupils and also those who are below the
expected standard or grade boundary in an applicable subject.
Our primary PE and sport premium led to sustainable improvements to the provision of PE and sport to
the benefit of all primary-aged pupils. A sustainable programme lo encourage the development of healthy,
active lifestyles continues. We report on the impact of our PE and sport premium each year on our
website.
Gennany and European visit funds were combined last year to enable young people lo participate in a
final school exchange with our twinned school in Osnabruck Germany. Historically the funds provided
other enrichment opportunities promoting cultural experiences to expand the experiences and horizons of
young people.
Foundation Derbyshire and Moscow Bilingual funds are now spent. In the year each fund contributed to
the costs of providing free British Sign Language tuition and assessments for families of children and
young people at the School. We know thal language is a fundamental part of being human and enabling
families to learn togelher creates positive family relationships.
Page 25

ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Nel incomelexpenditure for the period (as per Statement of Financial
Activities)
277,069
(150,369)
Adjustments for:
Depreciation charges
Gains on investments
Dividends, interests and renls from investments
Movement in debtors
Movement in creditors
134,375
{172,771 }
(85,545)
(10,622)
(22,445)
144,400
(109, 806)
(30, 635)
(105,466)
(147,885)
Net cash provided byllused in) operating activities
120,061
(399, 761)
18. Analysis of cash and cash equivalents
2024
2023
Cash in hand
Notice deposits (less Ihan 3 months)
147,242
404,612
124,480
151,427
Total cash and cash equivalents
551,854
275,907
19. Analysis of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
Cash equivalents
124,480
151,427
22,762
253,185
147,242
404,612
275,907
275,947
551,854
Page 28

ROYAL SCHOOL FOR THE DEAF DERBY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20.
Penslon commitments
The Teachers, Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by
the Teachers, Pensions Regulations (2010) and, from 1 April 2014, by Ihe Teachers, Pension Scheme
Regulations 2014. Membership is automatic for full-time teachers and, from 1 January 2007, automatic for
teachers in part-time employment following appointment or a change of contract, although they are able to
opt out.
The TPS is an unfunded scheme and members contribute on a 'pay as you go, basis- these contributions
along with those made by employers are credited lo the Exchequer. Retirement and other pension
benefits are paid by public funds provided by Parliament.
The pension charge for the year includes contributions payable to the TPS of £280,209 (2023 - £234,406).
At the year-end £35,162 (2023 £26,110) was accrued in respect of contributions to this scheme. The
Charity also runs a scheme for its non-leaching staff under which defined contributions are paid into a
group personal pension arrangement. The cost for the year represents the School's contributions to that
Scheme of £63,362 (2023 - £59,910).
VALUATION OF THE TEACHERS. PENSION SCHEME
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS
in accordance with the Public SeNice Pensions (Valuations and Employer Cost Cap) Directions 2014
published by HM Treasury every 4 years. The aim of Ihe review is to specify the level of future
contribulions. Actuarial scheme valuations are dependent on assumptions about the value of future costs,
design of benefits and many olher factors. The latest actuarial valuation of the TPS was carried out as at
31 March 2020 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap)
Directions 2014. The valuation report was published by the Department for Education on 27 October
2023, with the SCAPE rate, set by HMT, applying a notional investment return based on 1.7 % above the
rate of CPI.The key elements of the valuation and subsequent consultation are..
employer contribution rates set at 23.680/0 of pensionable pay, including a 0.08/0 employer
administration charge.,
total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for
service to the effective date of £262,000 million, and notional assets (estimated future contribution
together with the notional investments held at the valuation date) of £222,200 million giving a notional
past Se￿iCe deficit of £39,800 million.
The TPS valuation for 2020 determined an employer rate of 28.68 %, which was payable from 1 April
2024.
A copy of the valuation report and supporting documentation is on theTeachers' Pensions website.
Under the definitions set out in FRS 102, the TPS is a multi-employer pension scheme. The trust
has accounted for its contributions to the scheme as if it were a defined contribution scheme. The trust
has set out above the information available on the scheme.
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ROYAL SCHOOL FOR THE DEAF DERBY
(Acompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
21. Related party transactlons
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owing between related parties and the Charity al 31 August 2024.
22. Controlling party
The Trustees consider there to be no ultimate controlling party.
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