2023-08-31-accounts - The Carr Fenton Foundation

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REGISTERED COMPANY NUMBER: 04105045 (England and Wales) REGISTERED CHARITY NUMBER: 1088060

Report of the Trustees and Consolidated Financial Statements For The Year Ended 31 August 2023

Doncaster Deaf Trust

Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU

Doncaster Deaf Trust

Contents of the Financial Statements For The Year Ended 31 August 2023

	Page
Reference and Administrative Details	1
Report of the Trustees	2 to 6
Report of the Independent Auditors	7 to 9
Consolidated Statement of Financial Activities	10 to 11
Balance Sheet – Company and Consolidated	12
Consolidated Cash Flow Statement	13
Notes to the Consolidated Statement of Cash Flows	14
Notes to the Consolidated Financial Statements	15 to 31

Doncaster Deaf Trust

Reference and Administrative Details

For The Year Ended 31 August 2023

TRUSTEES M J Gutowski - Chairman M W A Warde-Norbury J Taylor (resigned 1.11.2022) S M Dumican K F Rushbrook C Warde-Aldam K E A Nicoll C S Goodman (appointed 1.7.2023) S Webster (appointed 22.11.2023) T Bell (appointed 11.01.2024) COMPANY SECRETARY P Carter REGISTERED OFFICE Doncaster Deaf Trust Leger Way Doncaster South Yorkshire DN2 6AY REGISTERED COMPANY NUMBER 04105045 (England and Wales) REGISTERED CHARITY NUMBER 1088060 AUDITORS Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU BANKERS HSBC 1 High Street Doncaster South Yorkshire DN1 1EE SOLICITORS Veale Wasbrough Vizards Orchard Court Orchard Lane Bristol BS1 5WS SENIOR MANAGEMENT TEAM A L Johnson - Executive Principal P Carter - HR Manager G E Craik - Director of Finance

Page 1

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity and group for the year ended 31 August 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity are to advance education, training and care for deaf and hearing-impaired children and adults and those with communication and/or learning difficulties and, in particular, but without prejudice to the foregoing, to maintain and conduct in or near Doncaster a school or schools and college or colleges in furtherance of these objects.

The main activities of the Charity in furtherance of these objects are the operation of the Communication Specialist College Doncaster and the Doncaster School for the Deaf. The Charity also operates a day Nursery, a Residential Care Home for pupils at the School and an adult employability service.

In setting objectives and planning activities the trustees have considered the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities.

STRATEGIC REPORT

Achievement and performance

The College has had a successful year offering a wide range of courses to students with a diverse range of disabilities and has seen the roll increase by 15 students, to a total of 137. We also continue to accommodate a small number of residential students in College although most students travel to college daily. Numbers on roll in School increased from 34 to 38 and all pupils are progressing well in their communication and learning. The Children's Home continues to provide residential care for a small number of children, although most school children are day pupils. The Nursery provision has continued to provide care an average number of children of 120. The employability service has continued with its contract which has widened the service to adults with 33 adults helped to find employment within the local community. It is pleasing to report that the employability service has secured an 18-month contract for up to £465,000 commencing in September 2023.

The Trustees are grateful to numerous supporters who provided grants and donations to support the Charity's work that have benefited our students and pupils.

Funding for students at the College and pupils at the School is provided by UK local authorities and government agencies so access to the College and School is available to all students and pupils requiring specialist education provided irrespective of their financial circumstances. In addition, the Trust has obtained funding to provide bursaries to assist students and pupils to access the education provided in cases where hardship can be demonstrated.

The Nursery attracts children from a wide range of backgrounds and although fees are payable by the parents or carers for places in the Nursery, government funding is available to subsidise some of the costs of the provision. In a number of cases places are offered entirely free of charge to parents and carers only choosing to use the Nursery for their weekly entitlement of free provision.

Page 2

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

Fundraising activities

The charity does not carry out significant fundraising activities. However, in line with its fundraising strategy the charity has increased its fundraising activities and looks forward to building on the successful outcomes achieved to date.

Financial review

Financial position

The Statement of Financial Activities comprises the operational activity of nursery the school and college for the twelve months 1st September 2022 to 31st August 2023 together with the returns on the investment of designated and restricted funds and actuarial gain on the defined benefit pension scheme for support staff. The Trust had an overall increase in funds of £110,000, including the movement on the valuation of the defined benefit pension scheme.

The trading position for the Trust (surplus or deficit before the FRS 102 pension cost and any gain or loss on the value of investments) is a surplus of £324,000 (2021/22 was a deficit of £658,000).

Page 3

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STRATEGIC REPORT Financial review

Assets and Investments

The tangible fixed assets of the Charity, namely the freehold land, buildings, plant, equipment and motor vehicles, are fully employed in the operation of the Trust. Maintenance and repairs expenditure for the upkeep and modernisation of the property, including that required for compliance with current regulatory and legal standards, is charged to the Statement of Financial Activities as incurred. The Trustees consider that the modernisation and improvement element of this category of expenditure does not increase the value of the property for its existing use and therefore consider it inappropriate to reflect this as an increase in the overall value of the Charity's assets.

Monies received from donors or set aside by the Trustees for specific purposes (restricted and designated funds) are invested in accordance with the Trustees' investment policy and these investments are valued at market value.

The Trustees' policy is to manage the investments to maximise the return over a short to medium time horizon. The Trustees' policy on risk is to limit equity exposure to not more than 75% of the value of funds invested, with at least 25% of investments held as gilts or corporate bonds.

The Trustees have appointed Investec Wealth and Investment Ltd to manage the Trust's investment portfolio. The Trustees receive reports on the investment returns and market value of the investment portfolio at 3 monthly intervals.

The funds of the Charity

The Charity held unrestricted funds of £3,952,000 at 31st August 2023 comprising designated funds of £3,839,000 and general reserves of £113,000 (excluding the Pension Reserve).

The Tangible Fixed Asset Designated Fund of £2,543,000 represents the book value of the property and other tangible fixed assets (other than the Doncaster Deaf Trust Endowment property and assets bought with restricted funds) held to fulfil the objects of the Charity by its operations.

The Building and Equipment Designated Fund of £175,000 represents monies invested for future use in the expansion and improvement of the Trust’s facilities.

The Charities and Risk Designated Fund of £1,121,000 represents monies invested for future use as part of the Trustees risk management policy and is available to cover funding shortfalls or unexpected operational costs. The Trustees policy is to hold sufficient free reserves to cover 2 months operational expenditure.

At 31st August 2023 total free reserves (unrestricted funds excluding the pension reserve and tangible fixed asset fund) stood at £1,409,000 which is approximately £300,000 below the reserves policy. Going forward, the Trustees will review the free reserves policy.

The Trustees confirm that on a fund by fund basis the assets are available and adequate to fulfil the obligations of the Charity.

The consolidated funds of the Charity

The Charity held unrestricted funds of £3,952,000 at 31st August 2023 comprising designated funds of £3,839,000 and general reserves of £113,000 (excluding the Pension Reserve).

At 31st August 2023 total free reserves (unrestricted funds excluding the pension reserve and tangible fixed asset fund) stood at £1,299,000.

Page 4

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STRATEGIC REPORT

Future plans

The Trustees continue to seek to attract new children, pupils and students and to grow the Nursery, School and College provision. The adult employability service is also seeking to access funding streams to maintain the provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and Constitution

The Charity is a charitable company limited by guarantee. It is governed by its Articles of Association

The trustees are also the directors of the Charitable Company for the purposes of company law. Details of the Trustees who served through the year, except as noted, are included in the Reference and Administrative Details on page 1.

Recruitment and Appointment of Trustees

The recruitment and appointment of new Trustees and Governors takes cognisance of gender, ethnic origin and the skills, abilities and experience required for the running of the charity. In accordance with the Articles, trustees are appointed to the Board by resolution of the trustees.

Organisation Structure

The Trustees have delegated day to day management of the Charity's activities to the Executive Principal, Alexis Johnson, with support from senior management teams for the various operations who meet regularly. The Board of Trustees meets on a quarterly basis to provide overall governance of the charity, but has also delegated strategic oversight of the school and college to two separate Boards of Governors. The School and College Governing Boards meet 3 times a year. A number of advisory sub-committees of the Board also meet regularly for more detailed consideration of certain aspects of the charity's operations.

Pay policy for Key Management Personnel

The remuneration of key management personnel is determined by the Trustees after considering market rates and is reviewed every year as part of the staff appraisal process.

Relationships with Other Organisations

The Charity is the corporate Trustee of Doncaster Deaf Trust Endowment (Registered Charity No 529410) which owns part of the site on which the school and college operate. Doncaster Deaf Trust Endowment has made this endowed property available to Doncaster Deaf Trust on an ongoing basis.

The Charity is a member of the Association of Chief Executives of Voluntary Organisations (ACEVO) and the Association of Colleges (AOC) and these associations provide various opportunities to share best practice amongst similar charities and organisations.

Risk Management and Financial Controls

The Trustees have overall responsibility for ensuring that the Charity has an effective system of risk management. The major risks to which the charity is exposed are reviewed by the Trustees and School and College Governors regularly and policies and procedures have been established to minimise exposure to these risks. The Trustees also have appropriate insurance cover in place to mitigate any potential losses and costs which could be incurred.

In particular, the Trustees acknowledge their responsibility for ensuring the Charity has an effective system of internal financial controls. It is recognised by the Trustees that such a system is designed to manage rather than eliminate the risk of failure to achieve the Charity's objectives, and can only provide reasonable, not absolute, reassurance against material misstatement or loss. The Trust has appointed a Director of Finance to implement the financial controls. The Trust has a Finance and Audit Committee to ensure oversight of the financial management of the Trust operations. The Trust take additional advice from the Charity's auditors where potential issues are identified as the system is reviewed.

The Trustees also acknowledge their responsibilities for management in funding of the support staff's pension provision and take regular actuarial advice. This defined benefit pension scheme is now closed to new members.

The Trust appoints a Director of Human Resources and a Health and Safety Officer to implement the Trust's policies and procedures with regards to the compliance with health and safety and employment legislation.

The Trust's operations are also subject to external scrutiny and audit by regulatory bodies and government agencies responsible for ensuring appropriate use and control of funding provided and reports received from these organisations are considered by the Governors and Trustees as part of their review process.

Page 5

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Doncaster Deaf Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which 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 income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that 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 business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

.............................................................................. M J Gutowski - Trustee

Page 6

Report of the Independent Auditors to the Members of Doncaster Deaf Trust

Opinion

We have audited the consolidated financial statements of Doncaster Deaf Trust (the 'charitable company') for the year ended 31 August 2023 which comprise the Consolidated Statement of Financial Activities, the Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
give a true and fair view of the state of the charitable company's and group’s affairs as at 31 August 2023 and of the group’s incoming resources and application 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; 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 UK, including the FRC'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 of 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 information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

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 inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions 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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Page 7

Report of the Independent Auditors to the Members of Doncaster Deaf Trust

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the 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 Statement of Trustees' Responsibilities, 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.

Our responsibilities 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 a Report of the Independent Auditors 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 regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiry of management and those charged with governance around actual and potential litigation and claims.
Enquiry of management and review of correspondence to identify any instances of non-compliance with laws and regulations.
Review of minutes of trustees' meetings.
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 audit, there is a risk that we will not detect all irregularities, including those leading to a material 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.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 8

Report of the Independent Auditors to the Members of Doncaster Deaf Trust

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 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor) for and on behalf of Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU Date: .............................................

Page 9

Doncaster Deaf Trust

Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31 August 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Charity's educational operations
Other trading activities
4
Investment income
5
Other income
7
Total
EXPENDITURE ON
Charitable activities
8
Charity's educational operations
NET INCOME/(EXPENDITURE) BEFORE
PENSION COST AND
INVESTMENT GAINS
FRS102 Pension cost 22
Net (losses)/gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
Other recognised gains
Actuarial gains on defined benefit schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
6

Unrestricted
Restricted
funds
funds
£'000
£'000
-
-
10,355
52
13
-
35
-
62
-
10,465
52
10,114
79
351
(27)
117
-
(56)
-
412
(27)
3
(3)
(275)
-
140
(30)
3,813
304
3,953
274

The notes form part of these financial statements

Page 10

Doncaster Deaf Trust

Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31 August 2023

Endowment
fund
Notes
£'000
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
-
Charitable activities
6
Charity's educational operations
-
Other trading activities
4
-
Investment income
5
-
Other income
7
-
Total
-
EXPENDITURE ON
Charitable activities
8
Charity's educational operations
3
NET INCOME/(EXPENDITURE) BEFORE
PENSION COST AND
INVESTMENT GAINS
(3)
FRS102 Pension cost
-
Net (losses)/gains on investments
-
NET INCOME/(EXPENDITURE)
(3)
Transfers between funds
-
Other recognised gains
Actuarial gains on defined benefit schemes
-
Net movement in funds
(3)
RECONCILIATION OF FUNDS
Total funds brought forward
584
TOTAL FUNDS CARRIED FORWARD
581

2023
2022
Total
Total
funds
funds
£'000
£'000
-
18
10,407
8,824
13
12
35
28
62
44
10,517
8,926
10,196
9,587
321
(661)
117
(305)
(56)
(96)
382
(1,062)
-
-
(275)
6,072
107
5,010
4,701
(309)
4,808
4,701

The notes form part of these financial statements

Page 11

Doncaster Deaf Trust

Balance Sheet 31 August 2023

Notes FIXED ASSETS Tangible assets 15 CURRENT ASSETS Debtors 16 Investments 17 Cash at bank and in hand CREDITORS Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES PENSION ASSET/(LIABILITY) 22 NET ASSETS/(LIABILITIES) FUNDS 21 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS	Group 2023 £’000 3,234 339 1,278 506 _ 2,123 (549) _ 1,574 4,808 - 4,808 3,952 275 581 ___ 4,808	Group 2022 £’000 2,936 293 1,350 474 _ 2,117 (510) _ 1,607 4,543 158 4,701 3,813 304 584 ___ 4,701	Charity 2023 £’000 2,653 339 1,278 506 _ 2,123 (549) _ 1,574 4,227 - 4,227 3,952 275 - ___ 4,227	Charity 2022 £’000 2,352 293 1,350 474 _ 2,117 (510) _ 1,607 3,959 158 4,117 3,813 304 - ___ 4,117

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. M J Gutowski - Trustee

The notes form part of these financial statements

Page 12

Doncaster Deaf Trust

	Consolidated Statement of Cash Flows	Consolidated Statement of Cash Flows
	For The Year Ended 31 August 2023
		2023	2022
	Notes	£'000	£'000
Cash flows from operating activities
Cash generated from operations	1	378	(259)
Net cash provided by/(used in) operating	activities	378	(259)
Cash flows from investing activities
Purchase of tangible fixed assets		(394)	(272)
Purchase of fixed asset investments		(272)	(87)
Sale of fixed asset investments		288	102
Interest received		35	28
Net cash used in investing activities		(343)	(229)
Cash flows from financing activities
Expenditure attributable to endowment		(3)	(3)
Net cash used in financing activities		(3)	(3)

Change in cash and cash equivalents	in the
reporting period		32	(491)
Cash and cash equivalents at the beginning
of the reporting period		474	965
Cash and cash equivalents at the end	of the
reporting period		506	474

The notes form part of these financial statements

Page 13

Doncaster Deaf Trust

Notes to the Consolidated Statement of Cash Flows For The Year Ended 31 August 2023

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW	FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				2023	2022
				£'000	£'000
	Net income/(expenditure) for the reporting period (as per the Statement of
	Financial Activities)			382	(1,062)
	Adjustments for:
	Depreciation charges			96	79
	Losses on investments			56	96
	Interest received			(35)	(28)
	Expenditure attributable to endowment			3	3
	(Increase)/decrease in debtors			(46)	325
	Increase in creditors			39	23
	Difference between pension charge and cash contributions			(117)	305
	Net cash provided by/(used in) operations			378	(259)
2.	ANALYSIS OF CHANGES IN NET FUNDS
		At 1.9.22		Cash flow	At 31.8.23
		£'000		£'000	£'000
	Net cash
	Cash at bank and in hand		474	32	506
			474	32	506
	Liquid resources
	Deposits included in cash		-	-	-
	Current asset investments	1,350		(72)	1,278
		1,350		(72)	1,278
	Total	1,824		(39)	1,785

The notes form part of these financial statements

Page 14

Doncaster Deaf Trust

Notes to the Consolidated Financial Statements For The Year Ended 31 August 2023

1. LEGAL FORM

The charitable company is limited by guarantee. Its registered office is Leger Way, Doncaster, DN2 6AY. Its principal activities are the operation of the Communication Specialist College Doncaster and the Doncaster School for the Deaf. The Charity also operates a day Nursery and a Residential Care home for pupils at the school.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. There are no material uncertainties about the charity's ability to continue its operations.

Fees and grants receivable

Fees and grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities when there is an unconditional entitlement to the grant.

Donations

Donations received for the general purposes of the charity are included as unrestricted funds. Donations for activities restricted by the wishes of the donor are taken to restricted funds where these wishes are legally binding on the Trustees.

Legacies

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that notification has been made by the executor(s) to the Trust 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 amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution.

Investment income

Income arising from bank and building society deposits is accounted for on an accruals basis. Income received from investments is disclosed in the Statement of Financial Activities on the basis of the net amount received plus income tax reclaimable.

Gifts and intangible income

Items of low monetary value or where monetary value is difficult to ascertain, are not included in the Statement of Financial Activities. Material items are valued at a reasonable estimate of their gross value to the charity and included in donations. The value of services provided by volunteers has not been included.

Netted off expenses and related income

Income and expenses relating to a car body shop and a hairdressing salon, both of which are run by the charity as part of training courses, are netted off in the Statement of Financial Activities under expenditure relating to teaching and care of students. The Trustees consider that the income generated merely offsets part of the overall costs of running the specific courses for students. This treatment is considered to show a more realistic and true and fair view of the charity's activities.

Resources expended

Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on the estimated amount attributable to that activity in the year. These estimates are based on staff time or the floor area as appropriate. The irrecoverable element of VAT is included with the item of expense to which it relates.

Page 15

continued...

Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Freehold land is not depreciated. Depreciation of other assets is provided at rates calculated to write off the excess of cost over estimated residual amount evenly over the estimated useful economic lives of each class of asset, subject to annual review.

These rates are currently as follows:

Freehold buildings 2% per annum straight line Furniture, plant and equipment 10% per annum straight line Computer equipment 25% and 10% per annum straight line Motor vehicles 20% per annum straight line Antiques and paintings 0% per annum straight line

All tangible fixed assets are stated at cost less depreciation where appropriate.

No assets costing less than £1,000 are capitalised.

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

Investments

Investments are included at market value at the year end.

Gains and losses on disposal and revaluation of investments are charged or credited to the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income and gains are allocated to the appropriate fund.

Grants and bursaries

Grants and bursaries from restricted funds are included in the period for which the award is given.

Maintenance and repairs

Maintenance and repairs expenditure for the upkeep and modernisation of the property, including that required for compliance with current regulatory and legal standards, is charged to the Statement of Financial Activities as incurred. The trustees consider that the modernisation and improvement element of this category of expenditure does not increase the value of the property for its existing use and therefore consider it inappropriate to reflect this as an increase in the overall value of the charity's assets.

Pension schemes

The charity contributes to the Teachers' Superannuation Scheme at rates set by the Scheme Actuary and advised to the Trustees by the Scheme Administrator. The scheme is a multi-employer defined benefit final salary scheme where the share of the assets and liabilities applicable to each employer is not identified. Accordingly, these financial statements include pension costs payable on a defined contribution basis in accordance with Financial Reporting Standard 102.

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Contributions to the scheme are based on applicable pension costs across the participating organisations taken as a whole. The pension charge recorded in these accounts is the amount of contributions payable in the accounting year.

The charity also contributes to a defined benefit scheme for non teaching staff administered by the South Yorkshire Pension Authority. Further details can be found in note 22.

Foreign currencies

Monetary assets are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the Statement of Financial Activities.

Liabilities

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The charity only holds basic financial instruments as defined by FRS102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Public benefit entity concessionary loans are initially recognised at the amount received and the carrying value is subsequently adjusted to reflect any accrued interest.

Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 22, will impact the carrying amount of the pension liability. Furthermore, a roll forward approach which projects results from the latest full actuarial valuation performed at 31 March 2022 has been used by the actuary in valuing the pensions liability at 31 August 2023. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability.

Group financial statements

The financial statements consolidate the results of the charity and its subsidiary undertaking Doncaster Deaf Trust Endowment on a line by line basis. A Statement of Financial Activities is not presented for the charity alone.

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

3.	DONATIONS AND LEGACIES
		2023	2022
		£'000	£'000
	Donations	-	18
4.	OTHER TRADING ACTIVITIES
		2023	2022
		£'000	£'000
	Room hire	13	12
5.	INVESTMENT INCOME
		2023	2022
		£'000	£'000
	Listed investments	35	28
6.	INCOME FROM CHARITABLE ACTIVITIES
		2023	2022
		£'000	£'000
	Fees and grants from funding
	authorities	10,407	8,824
7.	OTHER INCOME
		2023	2022
		£'000	£'000
	Sundry income	62	44
8.	CHARITABLE ACTIVITIES COSTS
			Direct
			Costs (see
			note 9)
			£'000
	Charity's educational operations		10,196

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Teaching salaries and related expenses Books and apparatus Food and allowances Clothing and laundry Transport and travel expenses Training Exam and tuition fees Miscellaneous teaching expenses Other salaries and related expenses Light, heat and power Maintenance and repairs Insurance Printing, postage and stationery Furniture and equipment Cleaning Computer running costs Telephone Legal and professional fees Marketing and advertising Miscellaneous running expenses Bad debts Governance costs Depreciation	2023 £'000 5,745 121 279 10 31 72 21 9 2,401 474 190 141 34 11 30 84 14 245 10 146 - 32 96 10,196	2022 £'000 5,778 114 266 7 27 77 20 5 1,874 553 128 105 38 19 26 59 15 241 12 112 (1) 34 78 9,587

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2023	2022
	£'000	£'000
Depreciation - owned assets	96	79
Auditors' remuneration	9	9
Operating leases	43	50

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2023

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

Trustees' expenses

There were no trustees expenses during the year (2022: £nil).

Indemnity insurance

The charity has taken out indemnity insurance on behalf of the trustees, governors and officers, the cost of which is charged in the financial statements and in the year amounted to £1,712 (2022: £1,543). This insurance protects the charity from loss arising from the neglect or default of its trustees, employees or agents and indemnifies the trustees or other officers against the consequence of any neglect or default on their part. The insurance provides cover up to £2,000,000 on any one claim.

12. STAFF COSTS

Wages and salaries Social security costs Pension costs	2023 £'000 6,662 583 901 8,146	2022 £'000 6,264 543 845 7,652

The average monthly number of employees during the year was as follows:

Teaching and care of students Non educational	2023 210 63 273	2022 205 63
		268

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 £70,001 - £80,000 £90,001 - £100,000 £100,001 - £110,000	2023 1 3 - 1 5	2022 2 2 1 -
		5

Retirement benefits are accruing to these 4 employees under a defined benefit scheme (2022: 4).

Key management personnel

The key management personnel of the charity comprise the senior management team as listed on page 1. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £305,021 (2022: £215,043).

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Endowment	Total
	funds	fund	fund	funds
	£'000	£'000	£'000	£'000
INCOME AND ENDOWMENTS
FROM
Donations and legacies	3	15	-	18
Charitable activities
Charity's educational operations	8,763	61	-	8,824
Other trading activities	12	-	-	12
Investment income	28	-	-	28
Other income	44	-	-	44
Total	8,850	76	-	8,926
EXPENDITURE ON
Charitable activities
Charity's educational operations	9,498	86	3	9,587
Other	305	-	-	305
Total	9,803	86	3	9,892
Net gains/(losses) on
investments	(96)	-	-	(96)
NET INCOME/(EXPENDITURE)	(1,049)	(10)	(3)	(1,062)
Other recognised
gains/(losses)
Actuarial gains on defined
benefit schemes	6,072	-	-	6,072
Net movement in funds	5,023	(10)	(3)	5,010
RECONCILIATION OF FUNDS
Total funds brought forward	(1,210)	314	587	(309)
TOTAL FUNDS CARRIED
FORWARD	3,813	304	584	4,701

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

14. DEFINED BENEFIT CONTRIBUTION COSTS

						2023	2022
						£'000	£'000
	Current service cost					353	599
	Past service cost					-	2
	Employer contributions					(462)	(393)
	Net interest/return on assets					(9)	97
						(117)	305
15.	TANGIBLE FIXED ASSETS
	Group				Furniture,
		Freehold		Freehold	plant and	Motor
		land		buildings	equipment	vehicles	Totals
		£'000		£'000	£'000	£'000	£'000
	COST
	At 1 September 2022	800		2,156	1,305	67	4,328
	Additions		-	-	394	-	394
	At 31 August 2023	800		2,156	1,699	67	4,722
	DEPRECIATION
	At 1 September 2022		-	377	963	52	1,392
	Charge for year		-	22	70	4	96
	At 31 August 2023		-	399	1,033	56	1,488
	NET BOOK VALUE
	At 31 August 2023	800		1,757	666	11	3,234
	At 31 August 2022	800		1,779	342	15	2,936
	Charity				Furniture,
		Freehold		Freehold	plant and	Motor	Charity
		land		buildings	equipment	vehicles	total
		£'000		£'000	£'000	£'000	£'000
	COST
	At 1 September 2022	600		1,706	1,305	67	3,678
	Additions		-	-	394	-	394
	At 31 August 2023	600		1,706	1,699	67	4,072
	DEPRECIATION
	At 1 September 2022		-	311	963	52	1,326
	Charge for year		-	19	70	4	93
	At 31 August 2023		-	330	1,033	56	1,419
	NET BOOK VALUE
	At 31 August 2023	600		1,376	666	10	2,653
	At 31 August 2022	600		1,395	343	14	2,352

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
Group
Charity
2023
2022
2023
£'000
£'000
£'000
Other debtors
286
239
286
Prepayments
53
54
53
339
293
339
17.
CURRENT ASSET INVESTMENTS
Group
Group
Charity
2023
2022
2023
£'000
£'000
£'000
Market value at 1 September 2022
1,30
1,461
1,350
Add: Acquisitions at cost
79
80
79
Less: Disposals at market value
(296)
(108)
(296)
Net (loss)/gain on revaluation at 31 August 2023
(49)
(89)
(49)
Movement in cash account
194
6
194
1,278
1,350
1,278
Cost as at 31 August 2023
1,165
1,140
1,165
The (loss)gain on investment assets included in the
Statement of Financial Activities comprises:-
Unrealised (loss)/gain on revaluation
(49)
(89)
(49)
(Loss)/profit on disposal from previous market value
(8)
(7)
(8)
(57)
(96)
(57)
During the year a surplus over original cost on disposal arose of £39,985 (2022: £6,846).
Investments in individual entities held which are over 5% of the portfolio by value at 31 August 2023 and 31 August

Charity
2022
£'000
239
54
293
Charity
2022
£'000
1,461
80
(108)
(89)
6
1,350
1,140
(89)
(7)
(96)
2022 are:-

CT Inv Funds (UK) Icvc CT UK Equity Income Jupiter UT Managers UK Special Situations Vanguard Funds Plc	Market value 2023 £'000 - 68 64 240	Market value 2022 £'000 70 65 62
		368

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

17. CURRENT ASSET INVESTMENTS - continued

Investments are represented by: Listed UK Securities Listed Overseas Securities Cash held pending investment	448 616 214 1,278	565 764 21 1,350

These figures relate to the Group and Charity.

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Other taxes and social security Accruals Deferred income Deferred income Balance as at 1 September 2022 Fees received Released to Statement of Financial Activities ( Balance as at 31 August 2023	Group 2023 £'000 255 133 66 95 549 19 10,106 10,030) 95	Group 2022 £'000 244 123 124 19 510 32 8,465 (8,478) ( 19	Charity 2023 £'000 255 133 66 95 549 19 10,106 10,030) 95	Charity 2022 £'000 244 123 124 19 510 32 8,465 (8,478) 19

Deferred income is in respect of nursery fees and other income received in advance.

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year Between one and five years	Group 2023 £'000 36 58 94	Group 2022 £'000 22 32 54	Charity 2023 £'000 36 58 94	Charity 2022 £'000 22 32 54

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

20. NET ASSETS OF THE GROUP'S FUNDS

The group's net assets belong to the various funds as follows:

Unrestricted funds Restricted funds Endowment funds	Net current Fixed assets/ Fund assets (liabilities) balances £'000 £'000 £'000 2,543 1,409 3,952 110 165 275 581 - 581 3,234 1,574 4,808

Net assets of the charity's funds (excluding pension reserve)

The charity's net assets belong to the various funds as follows:

Unrestricted funds Restricted funds	Net current Fixed assets/ Fund assets (liabilities) balances £'000 £'000 £'000 2,543 1,409 3,952 110 165 275 2,653 1,574 4,227

21. MOVEMENT IN FUNDS

Unrestricted funds: movements in year - Group and Company

	Balance at			Transfers and	Balance at
	1 September			investment	31 August
	2022	Income	Expended	gains/(losses)	2023
	£'000	£'000	£'000	£'000	£'000
Designated funds:
Building and equipment fund	175	-	-	-	175
Tangible fixed asset fund	1,946	-	(74)	671	2,543
Charities and risk fund	1,300	-	-	(179)	1,121
	3,421	-	(74)	492	3,839
General reserve	(103)	10,464	(10,040)	(321)	-
Revaluation reserve	337	-	-	(224)	113
Pension reserve	158	117	-	(275)	-
	392	10,581	(10,040)	(820)	113
	3,813	10,581	(10,114)	(328)	3,952

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

21. MOVEMENT IN FUNDS - continued

Designated funds consist of:

i) The Building and equipment fund represents funds intended for the expansion of facilities used for educational and/or vocational purposes.
ii) The Tangible fixed asset fund represents the property and other assets held to fulfil the objectives of the charity.
iii) The Charities and risk fund represents a provision towards responsibilities of risk management.

The General reserve represents the unrestricted funds which the trustees are free to use in accordance with the charitable objects.

Revaluation reserve

The revaluation reserve represents the surplus of market value over cost on investments at the balance sheet date.

Restricted funds: movement in the year - Group and Company

	Balance at			Transfers and	Balance at
	1 September			investment	31 August
	2022	Income	Expended	gains/(losses)	2023
	£'000	£'000	£'000	£'000	£'000
Nursery Building Fund	104	-	(3)	-	101
Student Bursary Fund	68	11	(11)	-	68
Forest School Fund	2	-	-	-	2
New Care Home Fund	10	-	-	-	10
Technology Fund	2	-	(2)	-	-
Cycle Fund	9	-	-	-	9
Chapel Fund	2	-	-	-	2
Youth Club Fund	13	-	-	-	13
Community Fund	30	29	(18)	-	41
IT Equipment Fund	13	-	(13)	-	-
Barista Fund	10	4	(1)	-	13
Blades for Our Heroes Fund	1	-	-	-	1
Residences Fund	16	-	(2)		14
Turkish Project Fund	24	8	(40)	8	-
Erasmus Project Fund	-	-	11	(11)	-
	304	52	(79)	(3)	274

i) The Nursery Building Fund represents a grant towards the costs of building works to the nursery. ii) The Student Bursary Fund represents grants for pupils in hardship. iii) The Forest School Fund represents grants towards the creation of an outdoor learning centre for the nursery.
iv) The New Care Home Fund represents donations towards our appeal for funding a new care home.
v) The Technology Fund represents grants towards the cost of new technology equipment.
vi) The Cycle Fund represents grants towards the cost of disabled cycles and equipment.
vii) The Chapel Fund represents grants towards the renovation of the School Chapel.
viii) The Youth Club Fund represents grants towards the cost of running youth clubs.
ix) The Community Fund represents grants towards the cost of running community events.
x) The IT Equipment Fund represents grants to purchase IT equipment.
xi) The Barista Fund represents a grant to purchase Barista equipment.
xii) The Blades for Our Heroes Fund represents monies raised for an ex-army Vet.
xiii) The Residences Fund represents grants to refurbish Lodges.
xiv) The Turkish Project Fund is a new project for the Spread the Sign project team.

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2023

21. MOVEMENT IN FUNDS - continued

Endowment funds: movement in the year - Group

	Balance at			Transfers and	Balance at
	1 September			Investment	31
	2022	Income	Expended	gains/(losses)	August
	£'000	£'000	£'000	£'000	£'000
Permanent endowments:
Eastfield House land	584	-	(3)	-	581
	584	-	(3)	-	581

22. EMPLOYEE BENEFIT OBLIGATIONS

The charity's employees belong to two principal pension schemes: the Teachers’ Pension Scheme England and Wales (TPS) for academic and related staff; and the Local Government Pension Scheme (LGPS) for non-teaching staff, which is managed by the South Yorkshire Pension Fund (SYPS). Both are multi-employer defined benefit schemes.

The charity also operates a defined contribution scheme in compliance with the auto enrolment provisions. The amounts outstanding under this scheme at the year end were £nil (2022: £10,666).

Teachers' Pension Scheme

Introduction

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the 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 to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

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 Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2016. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are:

employer contribution rates set at 23.68% of pensionable pay (including a 0.08% administration levy)
total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £218,100 million, and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £196,100 million giving a notional past service deficit of £22,000 million
the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE rate is 2.4% above the rate of CPI. Assumed real rate of return is 2.4% in excess of prices and 2% in excess of earnings. The rate of real earnings growth is assumed to be 2.2%. The assumed nominal rate of return including earnings growth is 4.45%.

The next valuation result is due to be implemented from 1 April 2024.

The employer's pension costs paid to TPS in the period amounted to £420,263 (2022: £389,531) and at the year end £46,683 (2022: £47,001) was accrued in respect of contributions to this scheme.

A copy of the valuation report and supporting documentation is on the Teachers' Pensions website.

Under the definitions set out in FRS 102, the TPS is a multi-employer pension scheme. The charity has accounted for its contributions to the scheme as if it were a defined contribution scheme. The charity has set out above the information available on the scheme.

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

Local government pension scheme

The South Yorkshire Pension Scheme (SYPS) is a statutory, contributory, defined benefit scheme, governed by the Local Government Pensions Regulations. The SYPS is a funded scheme and every three years the scheme's actuaries conduct a formal actuarial review of the SYPS with the aim of specifying the level of future contributions. The latest actuarial valuation was carried out on 31 March 2022 and identifies the employer contributions going forward.

Although this triennial valuation is the effective figure used to derive future contributions it is not the figure disclosed in the charitable company's balance sheet. Instead, in accordance with FRS 102, a separate valuation is carried out annually by the scheme's actuaries at the accounting date and this is disclosed in the accounts. This annual actuarial valuation identified a surplus of £1,753,000 at 31 August 2023, based on the actuarial assumptions set out above. However, this surplus is not recognised in the balance sheet as the Trust is unable to recover this surplus from the pension scheme.

Pension contributions of £46,740 (2022: £38,164) were outstanding at the year end.

The amounts recognised in the Balance Sheet are as follows:

Present value of funded obligations Fair value of plan assets Present value of unfunded obligations Surplus Net asset	Defined benefit pension plans 2023 2022 £'000 £'000 (15,468) (15,112) 15,468 15,270 - 158 - - - 158 - 158

The amounts recognised in the Statement of Financial Activities are as follows:

Current service cost Net interest from net defined benefit asset/liability Past service cost Actual return on plan assets	Defined benefit pension plans 2023 2022 £'000 £'000 353 599 (9) 97 - 2 344 698 (427) (262)

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

Changes in the present value of the defined benefit obligation are as follows:

Opening at 1 September Current service cost Past service cost Employee contributions Interest cost Benefits paid Surplus not recognised Remeasurements: Actuarial (gains)/losses from changes in demographic assumptions Actuarial (gains)/losses from changes in financial assumptions Obligations other experience	Defined benefit pension plans 2023 2022 £'000 £'000 15,112 21,210 353 599 - 2 89 89 639 361 (584) (551) 1,753 - (128) - (3,096) (6,649) 1,330 51 15,468 15,112

Changes in the fair value of scheme assets are as follows:

Opening at 1 September Expected return on assets Employer contributions Employee contributions Benefits paid Remeasurements: Return on plan assets (excluding interest income) Assets other experience	Defined benefit pension plans 2023 2022 £'000 £'000 15,270 15,601 648 264 461 393 89 89 (584) (551) (1,075) (526) 659 - 15,468 15,270

The amounts recognised in other recognised gains and losses are as follows:

Actuarial (gains)/losses from changes in demographic assumptions Actuarial (gains)/losses from changes in financial assumptions Obligations other experience Return on plan assets (excluding interest income) Assets other experience	Defined benefit pension plans 2023 2022 £'000 £'000 128 - 3,096 6,649 (1,330) (51) (1,075) (526) 659 - 1,478 6,072

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued

For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

The major categories of scheme assets as amounts of total scheme assets are as follows:

Equities Bonds Property Cash	Defined benefit pension plans 2023 2022 £'000 £'000 10,673 10,689 3,248 3,054 1,392 1,374 155 153 15,468 15,270	Defined benefit pension plans 2023 2022 £'000 £'000 10,673 10,689 3,248 3,054 1,392 1,374 155 153 15,468 15,270
		15,270

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

	2023	2022
Discount rate for scheme liabilities	5.25%	4.25%
Rate of salary increases	3.65%	4.20%
Inflation assumption (CPI)	3.05%	3.20%

Sensitivity analysis

The sensitivities regarding the principal assumptions used to measure the scheme liabilities are set out below:

	Approximate increase to	Approximate monetary
Change in assumptions at 31 August 2023:	Defined Benefit Obligation	amount (£'000)
0.1% decrease in Real Discount Rate	2%	226
1 year increase in member life expectancy	4%	549
0.1% increase in the Salary Increase Rate	0%	23
0.1% increase in the Pension Increase Rate (CPI)	2%	208

The current mortality assumptions include sufficient allowance for future improvements in mortality rates. The assumed life expectations on retirement age 65 are:

	2023	2022
Retiring today
Males	20.6	22.6
Females	23.6	25.4
Retiring in 20 years
Males	21.4	24.1
Females	25.0	27.3

The estimated value of employer contributions for the year ended 31 August 2024 is £528,000.

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Doncaster Deaf Trust

Notes to the Consolidated Financial Statements - continued For The Year Ended 31 August 2023

23. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023 (2022: none).

24. SUBSIDIARY UNDERTAKING

Doncaster Deaf Trust is the sole trustee, and therefore controls, Doncaster Deaf Trust Endowment, an unincorporated charity (no. 529410). Doncaster Deaf Trust Endowment holds land and buildings as a permanent endowment. Doncaster Deaf Trust occupies the property rent free, but pays for all the maintenance and running costs of the property. Doncaster Deaf Trust Endowment’s accounts for the year ended 31 August 2023 show:

	2023	2022
	£'000	£'000
Income	-	-
Depreciation	(3)	(3)
Deficit for the year	(3)	(3)
Tangible assets	581	584
Reserves – endowment fund	581	584

Page 31

REGISTERED COMPANY NUMBER: 04105045 (England and Wales) REGISTERED CHARITY NUMBER: 1088060

Doncaster Deaf Trust

Financial Statements For The Year Ended 31 August 2023

Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU

Doncaster Deaf Trust

Contents of the Financial Statements For The Year Ended 31 August 2023

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to 5
Report of the Independent Auditors	6	to 7
Statement of Financial Activities		8
Balance Sheet		9
Cash Flow Statement		10
Notes to the Cash Flow Statement		11
Notes to the Financial Statements	12	to 26
Detailed Statement of Financial Activities	27	to 28

Doncaster Deaf Trust

Reference and Administrative Details For The Year Ended 31 August 2023

TRUSTEES	M J Gutowski Chairman
	M W A Warde-Norbury
	J Taylor (resigned 1.11.2022)
	S M Dumican
	K F Rushbrook
	C Warde-Aldam
	K E A Nicoll
	C S Goodman (appointed 1.7.2023)
	S Webster (appointed 22.11.2023)
	T Bell (appointed 11.01.2024)
COMPANY SECRETARY	P Carter
REGISTERED OFFICE	Leger Way
	Doncaster
	South Yorkshire
	DN2 6AY
REGISTERED COMPANY NUMBER	04105045 (England and Wales)
REGISTERED CHARITY NUMBER	1088060
AUDITORS	Kingswood Allotts Limited, Statutory Auditor
	Chartered Accountants
	Sidings Court
	Lakeside
	Doncaster
	South Yorkshire
	DN4 5NU
BANKERS	HSBC
	1 High Street
	Doncaster
	South Yorkshire
	DN1 1EE
SOLICITORS	Veale Wasbrough Vizards
	Orchard Court
	Orchard Lane
	Bristol
	BS1 5WS
SENIOR MANAGEMENT TEAM	A L Johnson - Chief Executive Officer
	P Carter - HR Manager
	G E Craik - Director of Finance

Page 1

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

STRATEGIC REPORT

Achievement and performance

The Trustees are grateful to numerous supporters who provided grants and donations to support the Charity's work that have benefited our students and pupils.

Fundraising activities

Financial review

Financial position

The Statement of Financial Activities comprises the operational activity of nursery the school and college for the twelve months 1st September 2022 to 31st August 2023 together with the returns on the investment of designated and restricted funds and actuarial gain on the defined benefit pension scheme for support staff. The Trust had an overall increase in funds of £109,000, including the movement on the valuation of the defined benefit pension scheme.

Page 2

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STRATEGIC REPORT Financial review

Assets and Investments

The funds of the Charity

The Charity held unrestricted funds of £3,952,000 at 31st August 2023 comprising designated funds of £3,839,000 and general reserves of £113,000 (excluding the Pension Reserve).

The Building and Equipment Designated Fund of £175,000 represents monies invested for future use in the expansion and improvement of the Trust's facilities.

The Trustees confirm that on a fund by fund basis the assets are available and adequate to fulfil the obligations of the Charity.

Future plans

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and Constitution

The Charity is a charitable company limited by guarantee. It is governed by its Articles of Association.

Page 3

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and Appointment of Trustees

Organisation Structure

Pay policy for Key Management Personnel

The remuneration of key management personnel is determined by the Trustees after considering market rates and is reviewed every year as part of the staff appraisal process.

Relationships with Other Organisations

Risk Management and Financial Controls

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Page 4

Doncaster Deaf Trust

Report of the Trustees For The Year Ended 31 August 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that 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 business.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

...........................................................................................

M J Gutowski - Trustee

Page 5

Report of the Independent Auditors to the Members of Doncaster Deaf Trust

Opinion

We have audited the financial statements of Doncaster Deaf Trust (the 'charitable company') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 2023 and of its incoming resources and application 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

Opinions 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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the 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.

Page 6

Report of the Independent Auditors to the Members of Doncaster Deaf Trust

Responsibilities of trustees

Our responsibilities for the audit of the financial statements

Enquiry of management and those charged with governance around actual and potential litigation and claims.
Enquiry of management and review of correspondence to identify any instances of non-compliance with laws and regulations.
Review of minutes of trustees' meetings.
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.

Use of our report

Page 7

Doncaster Deaf Trust

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) For The Year Ended 31 August 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities Charity's educational operations Other trading activities 4 Investment income 5 Other income 7 Total EXPENDITURE ON Charitable activities Charity's educational operations FRS102 Pension cost Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 21 Other recognised gains/(losses) Actuarial gains/(losses) on defined benefit schemes Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6 8	Unrestricted funds £ 2 10,354,869 12,682 35,089 61,892 10,464,534 10,114,233 (117,000) 9,997,233 (56,250) 411,051 3,242 (275,000) 139,293 3,813,162 3,952,455	Restricted fund £ - 51,899 - - - 51,899 78,595 - 78,595 - (26,696) (3,242) - (29,938) 304,470 274,532	2023 Total funds £ 2 10,406,768 12,682 35,089 61,892 10,516,433 10,192,828 (117,000) 10,075,828 (56,250) 384,355 - (275,000) 109,355 4,117,632 4,226,987	2022 Total funds £ 14,959 8,824,732 11,746 28,056 44,482 8,923,975 9,582,252 305,000 9,887,252 (95,983) (1,059,260) - 6,072,000 5,012,740 (895,108) 4,117,632

The notes form part of these financial statements

Page 8

Doncaster Deaf Trust

Balance Sheet

FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Investments Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES PENSION ASSET NET ASSETS FUNDS Unrestricted funds: General fund Designated funds Pension reserve Restricted funds: General reserve TOTAL FUNDS	31 August 2023 Notes 15 16 17 18 22 21	2023 £ 2,652,920 338,205 1,278,150 506,186 2,122,541 (548,474) 1,574,067 4,226,987 - 4,226,987 113,250 3,839,205 - 3,952,455 274,532 4,226,987	2022 £ 2,352,053 293,792 1,349,880 475,612 2,119,284 (511,705) 1,607,579 3,959,632 158,000 4,117,632 234,249 3,420,913 158,000 3,813,162 304,470 4,117,632

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. M J Gutowski - Trustee

The notes form part of these financial statements

Page 9

Doncaster Deaf Trust

Cash Flow Statement For The Year Ended 31 August Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	Cash Flow Statement For The Year Ended 31 August	2023 2023 £ 374,005 374,005 (394,000) (272,286) 287,766 35,089 (343,431) 30,574 475,612 506,186	2022 £ (259,554) (259,554) (272,390) (87,000) 102,017 28,056 (229,317) (488,871) 965,387 475,612

The notes form part of these financial statements

Page 10

Doncaster Deaf Trust

Notes to the Cash Flow Statement

For The Year Ended 31 August 2023

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	ACTIVITIES
					2023	2022
					£	£
	Net income/(expenditure) for the reporting period (as per the Statement of Financial
	Activities)				384,355	(1,059,260)
	Adjustments for:
	Depreciation charges				93,133	76,552
	Losses on investments				56,250	95,983
	Interest received				(35,089)	(28,056)
	(Increase)/decrease in debtors				(44,413)	323,996
	Increase in creditors				36,769	26,231
	Difference between pension charge and cash contributions				(117,000)	305,000
	Net cash provided by/(used in) operations				374,005	(259,554)
2.	ANALYSIS OF CHANGES IN NET FUNDS
		At 1.9.22			Cash flow	At 31.8.23
			£		£	£
	Net cash
	Cash at bank and in hand	475,612			30,574	506,186
		475,612			30,574	506,186
	Liquid resources
	Deposits included in cash			-	-	-
	Current asset investments	1,349,880			(71,730)	1,278,150
		1,349,880			(71,730)	1,278,150
	Total	1,825,492			(41,156)	1,784,336

The notes form part of these financial statements

Page 11

Doncaster Deaf Trust

Notes to the Financial Statements

For The Year Ended 31 August 2023

1. LEGAL FORM

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

Fees and grants receivable

Grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities when there is an unconditional entitlement to the grant.

Donations

Legacies

Investment income

Gifts and intangible income

Netted off expenses and related income

Resources expended

Page 12

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

These rates are currently as follows:

Freehold buildings 2% per annum straight line Furniture, plant and equipment 10% per annum straight line Computer equipment 25% & 10% per annum straight line Motor vehicles 20% per annum straight line Antiques and paintings 0% per annum straight line

All tangible fixed assets are stated at cost less depreciation where appropriate.

No assets costing less than £1,000 are capitalised.

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

Investments

Investments are included at market value at the year end.

Gains and losses on disposal and revaluation of investments are charged or credited to the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Investment income and gains are allocated to the appropriate fund.

Grants and bursaries

Grants and bursaries from restricted funds are included in the period for which the award is given.

Maintenance and repairs

Pension schemes

Page 13

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Fund accounting

The charity also contributes to a defined benefit scheme for non teaching staff administered by the South Yorkshire Pension Authority. Further details can be found in note 22.

Foreign currencies

Monetary assets are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the Statement of Financial Activities.

Liabilities

Financial instruments

The charity only holds basic financial instruments as defined by FRS102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

3. DONATIONS AND LEGACIES

3.	DONATIONS AND LEGACIES
		2023	2022
		£	£
	Donations	2	14,959
4.	OTHER TRADING ACTIVITIES
		2023	2022
		£	£
	Room hire	12,682	11,746
5.	INVESTMENT INCOME
		2023	2022
		£	£
	Listed investments	35,089	28,056

Page 14

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

6. INCOME FROM CHARITABLE ACTIVITIES

Fees and grants from funding authorities 7. OTHER INCOME Sundry income 8. CHARITABLE ACTIVITIES COSTS Charity's educational operations 9. DIRECT COSTS OF CHARITABLE ACTIVITIES Teaching salaries and related expenses Books and apparatus Food and allowances Clothing and laundry Transport and travel expenses Training Exam and tuition fees Miscellaneous teaching expenses Other salaries and related expenses Light, heat and power Maintenance and repairs Insurance Printing, postage and stationery Furniture and equipment Cleaning Computer running costs Telephone Legal and professional fees Marketing and advertising Miscellaneous running expenses Bad debts Governance costs Depreciation	2023 £ 10,406,768 2023 £ 61,892 2023 £ 5,744,926 120,707 279,484 9,874 30,792 72,396 20,830 8,635 2,401,291 473,590 189,903 140,835 34,255 11,040 30,123 83,527 14,122 245,052 9,837 146,359 - 32,116 93,134 10,192,828	2022 £
		8,824,732
		2022 £ 44,482 Direct Costs (see note 9) £ 10,192,828 2022 £ 5,778,004 114,473 265,682 7,269 26,624 76,840 19,899 4,888 1,874,072 552,665 127,830 105,285 37,580 18,631 25,981 59,189 14,717 240,818 11,813 111,480 (962) 33,922 75,552 9,582,252

Page 15

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued

For The Year Ended 31 August 2023

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2023	2022
	£	£
Depreciation - owned assets	93,133	75,552
Auditors' remuneration	9,000	8,600
Operating leases	43,098	49,816

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

Trustees' expenses

There were no trustees expenses during the year (2022: £nil).

Indemnity insurance

12. STAFF COSTS

	2023	2022
	£'000	£'000
Wages and salaries	6,662	6,264
Social security costs	583	543
Pension costs	901	845
	8,146	7,652

The average monthly number of employees during the year was as follows:

Teaching and care of students Non educational	2023 210 63 273	2022 205 63
		268

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 £70,001 - £80,000 £90,001 - £100,000 £100,001 - £110,000	2023 1 3 - 1 5	2022 2 2 1 -
		5

Retirement benefits are accruing to 4 of the above employees under a defined benefit scheme (2022:4).

Page 16

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

12. STAFF COSTS - continued

Key management personnel

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charity's educational operations Other trading activities Investment income Other income Total EXPENDITURE ON Charitable activities Charity's educational operations FRS102 Pension cost Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Actuarial gains on defined benefit schemes Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 2 8,763,285 11,746 28,056 44,482 8,847,571 9,496,030 305,000 9,801,030 (95,983) (1,049,442) 6,072,000 5,022,558 (1,209,396) 3,813,162	Restricted fund £ 14,957 61,447 - - - 76,404 86,222 - 86,222 - (9,818) - (9,818) 314,288 304,470	Total funds £ 14,959 8,824,732 11,746 28,056 44,482 8,923,975 9,582,252 305,000 9,887,252 (95,983) (1,059,260) 6,072,000 5,012,740 (895,108) 4,117,632

Page 17

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued

For The Year Ended 31 August 2023

14. DEFINED BENEFIT CONTRIBUTION COSTS

Current service cost Past service cost Employer contributions Net interest/return on assets TANGIBLE FIXED ASSETS Freehold land £ COST At 1 September 2022 600,000 Additions - At 31 August 2023 600,000 DEPRECIATION At 1 September 2022 - Charge for year - At 31 August 2023 - NET BOOK VALUE At 31 August 2023 600,000 At 31 August 2022 600,000 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments	Freehold buildings £ 1,705,976 - 1,705,976 310,678 18,925 329,603 1,376,373 1,395,298	Furniture, plant and equipment £ 1,305,497 394,000 1,699,497 962,865 70,210 1,033,075 666,422 342,632		2023 £'000 353 - (461) (9) (117) Motor vehicles £ 66,553 - 66,553 52,430 3,998 56,428 10,125 14,123 2023 £ 240,856 44,715 52,634 338,205	2022 £'000 599 2 (393) 97 305 Totals £ 3,678,026 394,000 4,072,026 1,325,973 93,133 1,419,106 2,652,920 2,352,053 2022 £ 218,360 21,026 54,406 293,792

15. TANGIBLE FIXED ASSETS

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Page 18

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

17. CURRENT ASSET INVESTMENTS

2023
£
Listed investments
1,278,150
2023
£'000
Market value at 1 September 2022
1,350
Add: Acquisitions at cost
79
Less: Disposals at market value
(296)
Net (loss)/gain on revaluation at 31 August 2023
(49)
Movement in cash account
194
1,278
Cost as at 31 August 2023
1,165
The (loss)/gain on investment assets included in the Statement of Financial Activities
comprises:-
2023
£'000
Unrealised (loss)/gain on revaluation
(49)
(Loss)/profit on disposal from previous market value
(8)
(57)
During the year a surplus over original cost on disposal arose of £39,985 (2022: £6,846).
Investments in individual entities held which are over 5% of the portfolio by value at 31 August 2023 and 31 August 2022 a
Market
value
2023
£'000
CT Inv Funds (UK) Icvc CT UK Equity Income
-
Jupiter UT Managers UK Special Situations
68
Vanguard Funds Plc
64
240
Investments are represented by:
Listed UK Securities
448
Listed Overseas Securities
616
Cash held pending investment
214
1,278

2022
£
1,349,880
2022
£'000
1,461
80
(108)
(89)
6
1,350
1,140
2022
£'000
(89)
(7)
(96)
re:-
Market
value
2022
£'000
70
65
62
368
565
764
21
1,350

Page 19

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued

For The Year Ended 31 August 2023

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other taxes and social security Accruals Deferred income Deferred income Balance as at 1 September 2022 Fees received Released to Statement of Financial Activities Balance as at 31 August 2023		2023 £ 253,665 133,497 66,620 94,692 548,474 2023 £'000 19 95 (19) 95	2022 £ 245,628 123,384 123,841 18,852 511,705 2022 £'000 32 19 (32) 19

Deferred income is in respect of nursery fees and other income received in advance.

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year Between one and five years NET ASSETS OF THE CHARITY'S FUNDS Fixed assets Current assets Current liabilities Pension asset	Unrestricted funds £ 2,542,920 1,958,009 (548,474) - 3,952,455	Restricted fund £ 110,000 164,532 - - 274,532	2023 £ 35,677 58,050 93,727 2023 Total funds £ 2,652,920 2,122,541 (548,474) - 4,226,987	2022 £ 22,434 32,012 54,446 2022 Total funds £ 2,352,053 2,119,284 (511,705) 158,000	2022 £ 22,434 32,012
					54,446
				4,117,632

20. NET ASSETS OF THE CHARITY'S FUNDS

Page 20

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued

For The Year Ended 31 August 2023

21. MOVEMENT IN FUNDS

Unrestricted funds Balance at 1 September 2022 £'000 Designated funds: Building and equipment fund 175 Tangible fixed asset fund 1,946 Charities and risk fund 1,300 3,421 ---------- General reserve (103) Investment revaluation reserve 337 Pension reserve 158 392 3,813	Income £'000 - - - - ---------- 10,464 - 117 10,581 10,581	Transfers and Balance at investment 31 August Expended gains/(losses) 2023 £'000 £'000 £'000 - - 175 (74) 671 2,543 - (179) 1,121 (74) 492 3,839 ------------ ---------- -------- (10,040) (321) - - (224) 113 - (275) - (10,040) (820) 113 (10,114) (328) 3,952

Designated funds consist of:

i) The Building and equipment fund represents funds intended for the expansion of facilities used for educational and/or vocational purposes. ii) The Tangible fixed asset fund represents the property and other assets held to fulfil the objectives of the charity. iii) The Charities and risk fund represents a provision towards responsibilities of risk management.

The General reserve represents the unrestricted funds which the trustees are free to use in accordance with the charitable objects.

The revaluation reserve represents the surplus of market value over cost on investments at the balance sheet date.

Restricted funds	Balance at				Transfers and	Balance at
	1 September				investment	31 August
	2022	Income		Expended	gains/(losses)	2023
	£'000	£'000		£'000	£'000	£'000
Nursery Building Fund	104	-		(3)	-	101
Student Bursary Fund	68	11		(11)	-	68
Forest School Fund	2	-		-	-	2
New Care Home Fund	10	-		-	-	10
Technology Fund	2	-		(2)	-	-
Cycle Fund	9	-		-	-	9
Chapel Fund	2	-		-	-	2
Youth Club Fund	13	-		-	-	13
Community Fund	30	29		(18)	-	41
IT Equipment Fund	13	-		(13)	-	-
Barista Fund	10	4		(1)	-	13
Blades for Our Heroes Fund	1	-		-	-	1
Residences Fund	16	-		(2)	-	14
Turkish Project Fund	24	8		(40)	8	-
Erasmus Project	-		-	11	(11)	-
	304	52		(79)	(3)	274

i) The Nursery Building Fund represents a grant towards the costs of building works to the nursery. ii) The Student Bursary Fund represents grants for pupils in hardship.

Page 21

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

21. MOVEMENT IN FUNDS - continued

iii) The Forest School Fund represents grants towards the creation of an outdoor learning centre for the nursery.
iv) The New Care Home Fund represents donations towards our appeal for funding a new care home.
v) The Technology Fund represents grants towards the cost of new technology equipment.
vi) The Cycle Fund represents grants towards the cost of disabled cycles and equipment.
vii) The Chapel Fund represents grants towards the renovation of the School Chapel.
viii) The Youth Club Fund represents grants towards the cost of running youth clubs.
ix) The Community Fund represents grants towards the cost of running community events.
x) The IT Equipment Fund represents grants to purchase IT equipment.
xi) The Barista Fund represents a grant to purchase Barista equipment.
xii) The Blades for Our Heroes Fund represents monies raised for an ex-army Vet. xiii) The Residences Fund represents grants to refurbish Lodges.
xiv) The Turkish Project Fund is a new project for the Spread the Sign project team.

22. EMPLOYEE BENEFIT OBLIGATIONS

The charity also operates a defined contribution scheme in compliance with the auto enrolment provisions. The amounts outstanding under this scheme at the year end were £nil (2022: £10,666).

Teachers' Pension Scheme

Introduction

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 Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2016. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are:

employer contribution rates set at 23.68% of pensionable pay (including a 0.08% administration levy)
total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service
to the effective date of £218,100 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £196,100 million, giving a notional past service deficit of £22,000 million
the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE
rate is 2.4% above the rate of CPI. Assumed real rate of return is 2.4% in excess of prices and 2% in excess of earnings. The rate of real earnings growth is assumed to be 2.2%. The assumed nominal rate of return including earnings growth is 4.45%.

The next valuation result is due to be implemented from 1 April 2024.

The employer's pension costs paid to TPS in the period amounted to £420,263 (2022: £389,531) and at the year end £46,683 (2022: £47,001) was accrued in respect of contributions to this scheme.

A copy of the valuation report and supporting documentation is on the Teachers' Pensions website.

Page 22

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

Local government pension scheme

A lthough this triennial valuation is the effective figure used to derive future contributions it is not the figure disclosed in the charitable company's balance sheet. Instead, in accordance with FRS 102, a separate valuation is carried out annually by the scheme's actuaries at the accounting date and this is disclosed in the accounts. This annual actuarial valuation identified a surplus of £1,753,000 at 31 August 2023, based on the actuarial assumptions set out above. However, this surplus is not recognised in the balance sheet as the Trust is unable to recover this surplus from the pension scheme.

Pension contributions of £46,740 (2022: £38,164) were outstanding at the year end.

The amounts recognised in the Balance Sheet are as follows:

Present value of funded obligations Fair value of plan assets Present value of unfunded obligations Surplus Net asset	Defined benefit pension plans 2023 2022 £ £ (15,468,000) (15,112,000) 15,468,000 15,270,000 - 158,000 - - - 158,000 - 158,000	Defined benefit pension plans 2023 2022 £ £ (15,468,000) (15,112,000) 15,468,000 15,270,000 - 158,000 - - - 158,000 - 158,000
		158,000 -
		158,000
		158,000

The amounts recognised in the Statement of Financial Activities are as follows:

Current service cost Net interest from net defined benefit asset/liability Past service cost Actual return on plan assets	Defined benefit pension plans 2023 2022 £ £ 353,000 599,000 (9,000) 97,000 - 2,000 344,000 698,000 (427,000) (262,000)	Defined benefit pension plans 2023 2022 £ £ 353,000 599,000 (9,000) 97,000 - 2,000 344,000 698,000 (427,000) (262,000)
		698,000
		(262,000)

Page 23

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

Changes in the present value of the defined benefit obligation are as follows:

Opening at 1 September Current service cost Past service cost Employee contributions Interest cost Benefits paid Surplus not recognised Remeasurements: Actuarial (gains)/losses from changes in demographic assumptions Actuarial (gains)/losses from changes in financial assumptions Obligations other experience	Defined benefit pension plans 2023 2022 £ £ 15,112,000 21,210,000 353,000 599,000 - 2,000 89,000 89,000 639,000 361,000 (584,000) (551,000) 1,753,000 - (128,000) - (3,096,000) (6,649,000) 1,330,000 51,000 15,468,000 15,112,000

Changes in the fair value of scheme assets are as follows:

Opening at 1 September Employer contributions Employee contributions Expected return Benefits paid Remeasurements: Return on plan assets (excluding interest income) Assets other experience	Defined benefit pension plans 2023 2022 £ £ 15,270,000 15,601,000 461,000 393,000 89,000 89,000 648,000 264,000 (584,000) (551,000) (1,075,000) (526,000) 659,000 - 15,468,000 15,270,000

The amounts recognised in other recognised gains and losses are as follows:

Actuarial (gains)/losses from changes in demographic assumptions Actuarial (gains)/losses from changes in financial assumptions Obligations other experience Return on plan assets (excluding interest income) Assets other experience	Defined benefit pension plans 2023 2022 £ £ 128,000 - 3,096,000 6,649,000 (1,330,000) (51,000) (1,075,000) (526,000) 659,000 - 1,478,000 6,072,000

Page 24

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

22. EMPLOYEE BENEFIT OBLIGATIONS - continued

The major categories of scheme assets as amounts of total scheme assets are as follows:

		Defined benefit	Defined benefit
		pension plans
		2023	2022
		£	£
Equities		10,673,000	10,689,000
Bonds		3,248,000	3,054,000
Property		1,392,000	1,374,300
Cash		155,000	152,700
		15,468,000	15,270,000
Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):
		2023	2022
Discount rate for scheme liabilities		5.25%	4.25%
Rate of salary increases		3.65%	4.20%
Inflation assumption (CPI)		3.05%	3.20%
Sensitivity analysis
The sensitivities regarding the principal assumptions used to measure the scheme liabilities are set out below:
	Approximate increase to Defined	Approximate monetary
Change in assumptions at 31 August 2023:	Benefit Obligation	amount (£000)
0.1% decrease in Real Discount Rate	2%		226
1 year increase in member life expectancy	4%		549
0.1% increase in the Salary Increase Rate	0%		23
0.1% increase in the Pension Increase Rate (CPI)	2%		208

The current mortality assumptions include sufficient allowance for future improvements in mortality rates. The assumed life expectations on retirement age 65 are:

	2023	2022
Retiring today
Males	20.6	22.6
Females	23.6	25.4
Retiring in 20 years
Males	21.4	24.1
Females	25.0	27.3

The estimated value of employer contributions for the year ended 31 August 2024 is £528,000.

Page 25

continued...

Doncaster Deaf Trust

Notes to the Financial Statements - continued For The Year Ended 31 August 2023

23. RELATED PARTY DISCLOSURES

The charity is the sole trustee of Doncaster Deaf Trust Endowment, a registered charity. Part of the charity's land and buildings are owned by Doncaster Deaf Trust Endowment as a permanent endowment. The charity occupies these premises rent free but pays for all the maintenance and running costs. It is considered by the trustees that the value of the rent is approximately equal to the cost of maintaining and running the premises. The cost of running and maintaining the premises is considered to be £30,000 (2022: £30,000).

Page 26

Doncaster Deaf Trust

Detailed Statement of Financial Activities

For The Year Ended 31 August 2023

INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Room hire Investment income Listed investments Charitable activities Fees and grants from funding authorities Other income Sundry income Total incoming resources EXPENDITURE Charitable activities Salaries and related expenses Books and apparatus Food and allowances Clothing and laundry Transport and travel expenses Training Exam and tuition fees Miscellaneous teaching expenses Other salaries and related expenses Light, heat and power Maintenance and repairs Insurance Printing, postage and stationery Furniture and equipment Cleaning Computer running costs Telephone Legal and professional fees Marketing and advertising Miscellaneous running expenses Bad debts Governance costs Depreciation - freehold buildings Depreciation - plant and machinery FRS102 Pension cost FRS102 Pension cost	2023 £ 2 12,682 35,089 10,406,768 61,892 10,516,433 5,744,926 120,707 279,484 9,874 30,792 72,396 20,830 8,635 2,401,291 473,590 189,903 140,835 34,255 11,040 30,123 83,527 14,122 245,052 9,837 146,359 - 32,116 18,925 74,209 10,192,828 (117,000)	2022 £ 14,959 11,746 28,056 8,824,732 44,482 8,923,975 5,778,004 114,473 265,682 7,269 26,624 76,840 19,899 4,888 1,874,072 552,665 127,830 105,285 37,580 18,631 25,981 59,189 14,717 240,818 11,813 111,480 (962) 33,922 17,371 58,181 9,582,252 305,000

This page does not form part of the statutory financial statements

Page 27

Doncaster Deaf Trust

Detailed Statement of Financial Activities

For The Year Ended 31 August 2023

Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Unrealised (loss)/gain on revaluation Net income/(expenditure)	2023 £ 10,075,828 440,605 (56,250) 384,355	2022 £ 9,887,252 (963,277) (95,983) (1,059,260)

This page does not form part of the statutory financial statements

Page 28

REGISTERED CHARITY NUMBER: 529410

Report of the Trustees and

Financial Statements For The Year Ended 31 August 2023
for
Doncaster Deaf Trust Endowment

Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Doncaster Deaf Trust Endowment

Contents of the Financial Statements
For The Year Ended 31 August 2023

		`Page`
`Reference and Administrative Details`		`1`
`Report of the Trustees`	`2`	`to`	`3`
`Report of the Independent Auditors`	`4`	`to`	`5`
`Statement of Financial Activities`		`6`
`Balance Sheet`		`7`
`Notes to the Financial Statements`	`8`	`to`	`10`

Doncaster Deaf Trust Endowment

`Reference and Administrative Details For The Year Ended 31 August 2023`

TRUSTEESDoncaster Deaf Trust
PRINCIPAL ADDRESSLeger Way
Doncaster
South Yorkshire
DN2 6AY
REGISTERED CHARITY NUMBER 529410
AUDITORSKingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU
BANKERSHSBC
1 High Street
Doncaster
South Yorkshire
DN1 1EE
SOLICITORS Veale Wasbrough Vizards
Orchard Court
Orchard Lane
Bristol
BS1 5WS

Page 1

Doncaster Deaf Trust Endowment

`Report of the Trustees For The Year Ended 31 August 2023`

Thesoletrusteepresentsthereportwiththefinancialstatementsof thecharityfortheyearended31 August2023.Thesoletrusteehas adopted
theprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document and history`

DoncasterDeafTrustEndowmentisanunincorporatedcharity.Itsgoverningdocumentisa schemedated13December2001.Itssoletrustee is
Doncaster Deaf Trust, a company limited by guarantee (company number 4105045, registered charity number 1088060)

DoncasterDeaf Trust Endowmentwas previouslyknown as The YorkshireResidentialSchoolfor the Deaf, but was renamedDoncasterDeaf  Trust
Endowment by means of the 2001 scheme.

The Trusteesof the YorkshireResidentialSchoolfor the Deaf transferredthe undertakingof a schooland collegeto DoncasterDeaf Trust,on 31st
December2001.However,endowedproperty,comprisinglandat Doncasterknownas EastfieldHouse,couldnot be transferredand was retained
in the reinstated charity.The property is its only remaining asset.

Thislandisdescribedinaconveyanceofthe3rdOctober1831,whichwasmadebetweenDrVenablesofthefirstpartandtheTrusteesof the
YorkshireInstitutionfor theDeafandDumbof thesecondpart.In 1938it wasagreedto sellto theDoncasterCorporationa portionof thefront of
thepremises,comprisingpracticallythewholeoftheoriginalEastfieldHouseandtheVictoriawingforthesumof£20,000.Thecurrent buildings
sitedontheEastfieldHouseland/gardenaretheCarBodyworkshop,theCarBodyvaletingshop,theSwimmingPool,theJoineryShop, the
HowardCentre,theBoilerHouse,GaragesandaGreenhouse.ThekeybuildingsosituatedistheHowardCentre,whichhousesmanyof the
Further Education/VocationalTrainingdepartments.The land, with the buildingsthereon,is vested in the Sole Trusteefor all the estate and interest
therein belonging to or held in trust for the charity.

`OBJECTIVES AND ACTIVITIES`

`The object of the Charity, as regulated by the 2001 scheme`

Theobjectof the charityis to provideand maintaina schooland collegefor the educationof beneficiarieswho shallbe underthe age of 25  years
and otherwiseto educatesuch beneficiariesin one or more of the followingways or in such other ways as the Trusteeshallfrom time to time think
fit:

1) by furthering their education including social and physical training;

2) by providing vocational training and enabling them to earn their own living or otherwise so to advance them in life:

and in furtherance of this object but not otherwise, the Trustee may

a) relieve, either generally or individually, their need, hardship or distress;

b) educate the public in the art, work and benefits of helping and communicating with beneficiaries.

Providedthatsubjecttoapreferenceinfavourofthoseundertheageof25years,theTrusteemayfurthertheobjectforthebenefitof other
beneficiaries.

`Activities`

Tofurthertheobjectofthecharity,theTrusteehasmadetheendowedpropertybelongingtothecharityavailabletoDoncasterDeafTrust, for
occupation and use,  to facilitate the operation of Doncaster Deaf Trust.

DuringtheyearDoncasterDeafTrustcontinueditsprimaryfunctionofoperatingtheCommunicationSpecialistCollegeDoncasterand the
Doncaster School for the Deaf. It also operates a Day Nursery, a Residential Care Home for pupils at the School and an adult employability service.

The Directors/Trustees of Doncaster Deaf Trust are: -

M J Gutowski
M W A Warde-Norbury
J Taylor - resigned 1.11.2022
S M Dumican
K F Rushbrook
C Warde-Aldam
K E A Nicoll
C S Goodman - appointed 1.7.2023
S Webster - appointed 22.11.2023
T Bell - appointed 11.01.2024

`FINANCIAL REVIEW`

As the charity only holds property for the use of Doncaster Deaf Trust, the only financial transaction in the year is depreciation on the property.

Page 2

Doncaster Deaf Trust Endowment

`Report of the Trustees`

`For The Year Ended 31 August 2023`

`STATEMENT OF TRUSTEES' RESPONSIBILITIES`

ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelawand United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicableto charitiesin Englandand Wales,the CharitiesAct 2011, Charity(Accountsand Reports)Regulations2008 and the provisions
of the trust deed requiresthe trusteesto prepare financialstatementsfor each financialyear whichgive a true and fair view of the state of affairs of
thecharityandoftheincomingresourcesandapplicationofresources,includingtheincomeandexpenditure,ofthecharityforthatperiod. In
preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytimethefinancialposition of
thecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011,theCharity(Accountsand Reports)
Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsibleforsafeguardingtheassetsofthecharityandhencefor taking
reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................................

Doncaster Deaf Trust - Trustee

Page 3

`Report of the Independent Auditors to the Trustees of Doncaster Deaf Trust Endowment`

`Opinion`

We have auditedthe financialstatementsof DoncasterDeaf Trust Endowment(the 'charity')for the year ended 31 August 2023 which comprise the
Statementof FinancialActivities,theBalanceSheetandnotesto thefinancialstatements,includinga summaryof significantaccounting policies.
ThefinancialreportingframeworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards (United
Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 August 2023 and of its incoming resources and application of resources, 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 Charities Act 2011.

`Basis for opinion`

WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw.Ourresponsibilities under
thosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthefinancialstatementssectionofourreport.We are
independentof the charityin accordancewith the ethicalrequirementsthat are relevantto our auditof the financialstatementsin the UK, including
the FRC's EthicalStandard,and we have fulfilledour other ethicalresponsibilitiesin accordancewith these requirements.We believethat the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

`Conclusions relating to going concern`

Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccountinginthepreparationof the
financial statements is appropriate.

Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsorconditionsthat,individually or
collectively,may castsignificantdoubton thecharity'sabilityto continueas a goingconcernfor a periodof at leasttwelvemonthsfrom 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 information`

Thetrusteesareresponsiblefortheotherinformation.TheotherinformationcomprisestheinformationincludedintheAnnualReport,other than
the financial statements and our Report of the Independent Auditors thereon.

Our opinionon thefinancialstatementsdoesnotcovertheotherinformationand,exceptto theextentotherwiseexplicitlystatedin our report, we
do not express any form of assurance conclusion thereon.

Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhether the
otherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearsto be
materiallymisstated.Ifweidentifysuchmaterialinconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhether this
givesrise to a materialmisstatementin the financialstatementsthemselves.If, basedon the work we have performed,we concludethat there is a
material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.

`Matters on which we are required to report by exception`

We have nothingto report in respectof the followingmatterswhere the Charities(Accountsand Reports)Regulations2008 requiresus to report to
you if, in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

`Responsibilities of trustees`

AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrusteesareresponsibleforthepreparationofthefinancial statements
which give a true and fair view, and for such internalcontrol as the trusteesdetermineis necessaryto enable the preparationof financial statements
that are free from material misstatement, whether due to fraud or error.

In preparingthefinancialstatements,thetrusteesare responsiblefor assessingthecharity'sabilityto continueas a goingconcern,disclosing, as
applicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidate the
charity or to cease operations, or have no realistic alternative but to do so.

Page 4

`Report of the Independent Auditors to the Trustees of Doncaster Deaf Trust Endowment`

`Our responsibilities for the audit of the financial statements`

WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewiththeActandrelevant regulations
made or having effect thereunder.

Our objectivesare to obtainreasonableassuranceabout whether the financialstatementsas a whole are free from materialmisstatement, whether
duetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludesouropinion.Reasonableassuranceisahighlevel of
assurance,but is not a guaranteethat an auditconductedin accordancewithISAs (UK) willalwaysdetecta materialmisstatementwhen it exists.
Misstatementscanarisefromfraudor errorandareconsideredmaterialif,individuallyor intheaggregate,theycouldreasonablybe expected to
influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.Wedesignproceduresinlinewithour responsibilities,
outlinedabove,todetectmaterialmisstatementsinrespectofirregularities,includingfraud.Thespecificproceduresforthisengagementand the
extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiry of management and those charged with governance around actual and potential litigation and claims;
Enquiry of management and review of correspondence to identify any instances of non-compliance with laws and regulations;
Review of minutes of trustees' meetings.
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.

Becauseoftheinherentlimitationsofanaudit,thereisariskthatwewillnotdetectallirregularities,includingthoseleadingtoa material
misstatementin the financialstatementsor non-compliancewith regulation.This risk increasesthe more that compliancewith a law or regulation is
removedfromtheeventsandtransactionsreflectedinthefinancialstatements,aswewillbelesslikelytobecomeawareofinstances of
non-compliance.The riskis alsogreaterregardingirregularitiesoccurringdue to fraud ratherthan error, as fraud involvesintentional concealment,
forgery, collusion, omission or misrepresentation.

AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancialReportingCouncil'swebsite at
www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

`Use of our report`

This report is made solelyto the charity'strustees,as a body, in accordancewith Part 4 of the Charities(Accountsand Reports)Regulations 2008.
Our auditworkhasbeenundertakenso thatwe mightstateto thecharity'strusteesthosematterswe are requiredto stateto themin an auditors'
reportand for no otherpurpose.To the fullestextentpermittedby law,we do not acceptor assumeresponsibilityto anyoneotherthanthe charity
and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Date: .............................................

Page 5

Doncaster Deaf Trust Endowment

`Statement of Financial Activities`

`For The Year Ended 31 August 2023`

				`2023`	`2022`
		`Unrestricted`	`Endowment`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
	`Notes`	`£'000`	`£'000`	`£'000`	`£'000`
`EXPENDITURE ON`
`Charitable activities`
`Charity's educational operations`		`-`	`3`	`3`	`3`
`NET INCOME/(EXPENDITURE)`		`-`	`(3)`	`(3)`	`(3)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`-`	`584`	`584`	`587`
`TOTAL FUNDS CARRIED FORWARD`		`-`	`581`	`581`	`584`

The notes form part of these financial statements

Page 6

Doncaster Deaf Trust Endowment

`Balance Sheet`

`31 August 2023`

		`2023`	`2022`
	`Notes`	`£'000`	`£'000`
`FIXED ASSETS`
`Tangible assets`	`4`	`581`	`584`
`NET CURRENT ASSETS`		`-`	`-`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`581`	`584`
`NET ASSETS`		`581`	`584`
`FUNDS`	`6`
`Endowment funds`		`581`	`584`
`TOTAL FUNDS`		`581`	`584`

Thefinancialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon .............................................and were signedon its
behalf by:

.............................................

Doncaster Deaf Trust - Trustee

The notes form part of these financial statements

Page 7

Doncaster Deaf Trust Endowment

`Notes to the Financial Statements For The Year Ended 31 August 2023`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedinaccordancewith the
CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019)',FinancialReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Going concern`

The trusteesassesswhetherthe use of goingconcernis appropriatei.e. whetherthere are any materialuncertaintiesrelatedto events or
conditionsthatmaycastsignificantdoubtontheabilityofthecompanytocontinueasagoingconcern.Thetrusteesmake this
assessmentinrespectofa periodofoneyearfromthedateofapprovalofthefinancialstatements.Therearenomaterial uncertainties
about the charity's ability to continue its operations.

`Tangible fixed assets`

Freeholdland is not depreciated.Depreciationof other assetsis providedat rates calculatedto write off the excessof cost over estimated
residual amount evenly over the estimated useful economic lives of each class of asset, subject to annual review.

These rates are currently as follows:

Freehold buildings                              2% per annum straight line

`Fund accounting`

Endowment funds represent those assets which must be held permanently by the charity.

`2. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

`3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

	`Unrestricted`	`Endowment`	`Total`
	`fund`	`fund`	`funds`
	`£'000`	`£'000`	`£'000`
`EXPENDITURE ON`
`Charitable activities`
`Charity's educational operations`	`-`	`3`	`3`
`NET INCOME/(EXPENDITURE)`	`-`	`(3)`	`(3)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`-`	`587`	`587`
`TOTAL FUNDS CARRIED FORWARD`	`-`	`584`	`584`

continued...

Page 8

Doncaster Deaf Trust Endowment

`Notes to the Financial Statements - continued`

`For The Year Ended 31 August 2023`

`4. TANGIBLE FIXED ASSETS`

`4.`	`TANGIBLE FIXED ASSETS`
			`Freehold`	`Freehold`
			`land`	`buildings`	`Totals`
			`£'000`	`£'000`	`£'000`
	`COST`
	`At 1 September 2022 and 31 August 2023`		`200`	`450`	`650`
	`DEPRECIATION`
	`At 1 September 2022`		`-`	`66`	`66`
	`Charge for year`		`-`	`3`	`3`
	`At 31 August 2023`		`-`	`69`	`69`
	`NET BOOK VALUE`
	`At 31 August 2023`		`200`	`381`	`581`
	`At 31 August 2022`		`200`	`384`	`584`
`5.`	`ANALYSIS OF NET ASSETS BETWEEN FUNDS`
				`2023`	`2022`
		`Unrestricted`	`Endowment`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
		`£'000`	`£'000`	`£'000`	`£'000`
	`Fixed assets`	`-`	`581`	`581`	`584`
`6.`	`MOVEMENT IN FUNDS`
				`Net`
				`movement`	`At`
			`At 1.9.22`	`in funds`	`31.8.23`
			`£'000`	`£'000`	`£'000`
	`Endowment funds`
	`Eastfield House land`		`584`	`(3)`	`581`
	`TOTAL FUNDS`		`584`	`(3)`	`581`
	`Net movement in funds, included in the above are as follows:`
			`Incoming`	`Resources`	`Movement`
			`resources`	`expended`	`in funds`
			`£'000`	`£'000`	`£'000`
	`Endowment funds`
	`Eastfield House land`		`-`	`(3)`	`(3)`
	`TOTAL FUNDS`		`-`	`(3)`	`(3)`

continued...

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Doncaster Deaf Trust Endowment

`Notes to the Financial Statements - continued`

`For The Year Ended 31 August 2023`

`6. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

		`Net`
		`movement`	`At`
	`At 1.9.21`	`in funds`	`31.8.22`
	`£'000`	`£'000`	`£'000`
`Endowment funds`
`Eastfield House land`	`587`	`(3)`	`584`
`TOTAL FUNDS`	`587`	`(3)`	`584`
`Comparative net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£'000`	`£'000`	`£'000`
`Endowment funds`
`Eastfield House land`	`-`	`(3)`	`(3)`
`TOTAL FUNDS`	`-`	`(3)`	`(3)`

`7. RELATED PARTY DISCLOSURES`

ThesoletrusteeofthecharityattheyearendwasDoncasterDeafTrust,acompanylimitedbyguaranteeandaregistered charity.
DoncasterDeaf Trust occupiesthe land and buildingsowned by the charityrent free but pays for all the maintenanceand runningcosts. It
is consideredthat the value of the rent is approximatelyequal to the cost of maintainingand running the premises.The cost of running and
maintaining the premises is £30,000 (2022: £30,000).

`8. PARENT UNDERTAKING`

FinancialstatementscanbeobtainedfromDoncasterDeafTrust(CharityNumber1088060,Companynumber04105045),Leger Way,
Doncaster, DN2 6AY.

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