**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<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>3<br>**Charitable activities**<br>Charity's educational operations<br>Other trading activities<br>4<br>Investment income<br>5<br>Other income<br>7<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>8<br>Charity's educational operations<br>**NET INCOME/(EXPENDITURE) BEFORE**<br>**PENSION COST AND**<br>**INVESTMENT GAINS**<br>FRS102 Pension cost                             22<br>Net (losses)/gains on investments<br>**NET INCOME/(EXPENDITURE)**<br>Transfers between funds<br>**Other recognised gains**<br>Actuarial gains on defined benefit schemes<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**<br>6|Unrestricted<br>Restricted<br>funds<br>funds<br>£'000<br>£'000<br>-<br>-<br>10,355<br>52<br>13<br>-<br>35<br>-<br>62<br>-<br>10,465<br>52<br>10,114<br>79<br>351<br>(27)<br>117<br>-<br>(56)<br>-<br>412<br>(27)<br>3<br>(3)<br>(275)<br>-<br>140<br>(30)<br>3,813<br>304<br>3,953<br>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** 

|<br>Endowment<br>fund<br>Notes<br>£'000<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>3<br>-<br>**Charitable activities**<br>6<br>Charity's educational operations<br>-<br>Other trading activities<br>4<br>-<br>Investment income<br>5<br>-<br>Other income<br>7<br>-<br>**Total**<br>-<br>**EXPENDITURE ON**<br>**Charitable activities**<br>8<br>Charity's educational operations<br>3<br>**NET INCOME/(EXPENDITURE) BEFORE**<br>**PENSION COST AND**<br>**INVESTMENT GAINS**<br>(3)<br>FRS102 Pension cost<br>-<br>Net (losses)/gains on investments<br>-<br>**NET INCOME/(EXPENDITURE)**<br>(3)<br>Transfers between funds<br>-<br>**Other recognised gains**<br>Actuarial gains on defined benefit schemes<br>-<br>**Net movement in funds**<br>(3)<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>584<br>**TOTAL FUNDS CARRIED FORWARD**<br>581|2023<br>2022<br>Total<br>Total<br>funds<br>funds<br>£'000<br>£'000<br>-<br>18<br>10,407<br>8,824<br>13<br>12<br>35<br>28<br>62<br>44<br>10,517<br>8,926<br>10,196<br>9,587<br>321<br>(661)<br>117<br>(305)<br>(56)<br>(96)<br>382<br>(1,062)<br>-<br>-<br>(275)<br>6,072<br>107<br>5,010<br>4,701<br>(309)<br>4,808<br>4,701|
|---|---|



The notes form part of these financial statements 

Page 11 



**Doncaster Deaf Trust** 

## **Balance Sheet 31 August 2023** 

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

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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** 

## **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. 

Page 16 

continued... 



**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. 

Page 17 

continued... 



**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|



Page 18 

continued... 



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



Page 19 

continued... 



**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<br>Social security costs<br>Pension costs|2023<br>£'000<br>6,662<br>583<br>901<br>8,146|2022<br>£'000<br>6,264<br>543<br>845<br>7,652|
|---|---|---|



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

|Teaching and care of students<br>Non educational|2023<br>210<br>63<br>273|2022<br>205<br>63|
|---|---|---|
|||268|



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

|£60,001 - £70,000<br>£70,001 - £80,000<br>£90,001 - £100,000<br>£100,001 - £110,000|2023<br>1<br>3<br>-<br>1<br>5|2022<br>2<br>2<br>1<br>-|
|---|---|---|
|||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). 

Page 20 

continued... 



**Doncaster Deaf Trust** 

## **Notes to the Consolidated Financial Statements - continued** 

## **For The Year Ended 31 August 2023** 

|**13.**|**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|



Page 21 

continued... 



**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|



Page 22 

continued... 



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



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



Page 23 

continued... 



**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:<br>Listed UK Securities<br>Listed Overseas Securities<br>Cash held pending investment|448<br>616<br>214<br>1,278|565<br>764<br>21<br>1,350|
|---|---|---|



These figures relate to the Group and Charity. 

## **18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other taxes and social security<br>Accruals<br>Deferred income<br>**Deferred income**<br>Balance as at 1 September 2022<br>Fees received<br>Released to Statement of Financial Activities<br>(<br>Balance as at 31 August 2023|Group<br>2023<br>£'000<br>255<br>133<br>66<br>95<br>549<br>19<br>10,106<br>10,030)<br>95|Group<br>2022<br>£'000<br>244<br>123<br>124<br>19<br>510<br>32<br>8,465<br>(8,478)<br>(<br>19|Charity<br>2023<br>£'000<br>255<br>133<br>66<br>95<br>549<br>19<br>10,106<br>10,030)<br>95|Charity<br>2022<br>£'000<br>244<br>123<br>124<br>19<br>510<br>32<br>8,465<br>(8,478)<br>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<br>Between one and five years|Group<br>2023<br>£'000<br>36<br>58<br>94|Group<br>2022<br>£'000<br>22<br>32<br>54|Charity<br>2023<br>£'000<br>36<br>58<br>94|Charity<br>2022<br>£'000<br>22<br>32<br>54|
|---|---|---|---|---|



Page 24 

continued... 



**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<br>Restricted funds<br>Endowment funds|Net current<br>Fixed<br>assets/<br>Fund<br>assets<br>(liabilities)<br>balances<br>£'000<br>£'000<br>£'000<br>2,543<br>1,409<br>3,952<br>110<br>165<br>275<br>581<br>-<br>581<br>3,234<br>1,574<br>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<br>Restricted funds|Net current<br>Fixed<br>assets/<br>Fund<br>assets<br>(liabilities)<br>balances<br>£'000<br>£'000<br>£'000<br>2,543<br>1,409<br>3,952<br>110<br>165<br>275<br>2,653<br>1,574<br>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|



Page 25 

continued... 



**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. 

Page 26 

continued... 



**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. 

Page 27 

continued... 



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



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

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



Page 28 

continued... 



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



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

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



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

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



Page 29 

continued... 



**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<br>Bonds<br>Property<br>Cash|Defined benefit<br>pension plans<br>2023<br>2022<br>£'000<br>£'000<br>10,673<br>10,689<br>3,248<br>3,054<br>1,392<br>1,374<br>155<br>153<br>15,468<br>15,270|Defined benefit<br>pension plans<br>2023<br>2022<br>£'000<br>£'000<br>10,673<br>10,689<br>3,248<br>3,054<br>1,392<br>1,374<br>155<br>153<br>15,468<br>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. 

Page 30 

continued... 



**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|<br>to  5|
|**Report of the Independent Auditors**|6|<br>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|<br>to  26|
|**Detailed Statement of Financial Activities**|27|<br>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** 

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. 

## **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 £109,000, 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 2 



**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. 

## **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. 

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** 

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. 

## **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". 

Page 4 



**Doncaster Deaf Trust** 

## **Report of the Trustees For The Year Ended 31 August 2023** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** 

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 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** 

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. 

## **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. 

Page 6 



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

## **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. 

## **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 7 



**Doncaster Deaf Trust** 

## **Statement of Financial Activities** 

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

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



The notes form part of these financial statements 

Page 8 



**Doncaster Deaf Trust** 

## **Balance Sheet** 

|**FIXED ASSETS**<br>Tangible assets<br>**CURRENT ASSETS**<br>Debtors<br>Investments<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**PENSION ASSET**<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted funds:<br>General fund<br>Designated funds<br>Pension reserve<br>Restricted funds:<br>General reserve<br>**TOTAL FUNDS**|**31 August 2023**<br>Notes<br>15<br>16<br>17<br>18<br>22<br>21|2023<br>£<br>2,652,920<br>338,205<br>1,278,150<br>506,186<br>2,122,541<br>(548,474)<br>1,574,067<br>4,226,987<br>-<br>4,226,987<br>113,250<br>3,839,205<br>-<br>3,952,455<br>274,532<br>4,226,987|2022<br>£<br>2,352,053<br>293,792<br>1,349,880<br>475,612<br>2,119,284<br>(511,705)<br>1,607,579<br>3,959,632<br>158,000<br>4,117,632<br>234,249<br>3,420,913<br>158,000<br>3,813,162<br>304,470<br>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**<br>**For The Year Ended 31 August**<br>Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by/(used in) operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Purchase of fixed asset investments<br>Sale of fixed asset investments<br>Interest received<br>Net cash used in investing activities<br>**Change in cash and cash equivalents in the**<br>**reporting period**<br>**Cash and cash equivalents at the beginning of the**<br>**reporting period**<br>**Cash and cash equivalents at the end of the**<br>**reporting period**|**Cash Flow Statement**<br>**For The Year Ended 31 August**|**2023**<br>2023<br>£<br>374,005<br>374,005<br>(394,000)<br>(272,286)<br>287,766<br>35,089<br>(343,431)<br>30,574<br>475,612<br>506,186|2022<br>£<br>(259,554)<br>(259,554)<br>(272,390)<br>(87,000)<br>102,017<br>28,056<br>(229,317)<br>(488,871)<br>965,387<br>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** 

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 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** 

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% & 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. 

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. 

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** 

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. 

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

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** 

||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<br>Non educational|2023<br>210<br>63<br>273|2022<br>205<br>63|
|---|---|---|
|||268|



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

|£60,001 - £70,000<br>£70,001 - £80,000<br>£90,001 - £100,000<br>£100,001 - £110,000|2023<br>1<br>3<br>-<br>1<br>5|2022<br>2<br>2<br>1<br>-|
|---|---|---|
|||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** 

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). 

## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**Charitable activities**<br>Charity's educational operations<br>Other trading activities<br>Investment income<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Charity's educational operations<br>FRS102 Pension cost<br>**Total**<br>Net gains/(losses) on investments<br>**NET INCOME/(EXPENDITURE)**<br>**Other recognised gains/(losses)**<br>Actuarial gains on defined benefit schemes<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>2<br>8,763,285<br>11,746<br>28,056<br>44,482<br>8,847,571<br>9,496,030<br>305,000<br>9,801,030<br>(95,983)<br>(1,049,442)<br>6,072,000<br>5,022,558<br>(1,209,396)<br>3,813,162|Restricted<br>fund<br>£<br>14,957<br>61,447<br>-<br>-<br>-<br>76,404<br>86,222<br>-<br>86,222<br>-<br>(9,818)<br>-<br>(9,818)<br>314,288<br>304,470|Total<br>funds<br>£<br>14,959<br>8,824,732<br>11,746<br>28,056<br>44,482<br>8,923,975<br>9,582,252<br>305,000<br>9,887,252<br>(95,983)<br>(1,059,260)<br>6,072,000<br>5,012,740<br>(895,108)<br>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<br>Past service cost<br>Employer contributions<br>Net interest/return on assets<br>**TANGIBLE FIXED ASSETS**<br>Freehold<br>land<br>£<br>**COST**<br>At 1 September 2022<br>600,000<br>Additions<br>-<br>At 31 August 2023<br>600,000<br>**DEPRECIATION**<br>At 1 September 2022<br>-<br>Charge for year<br>-<br>At 31 August 2023<br>-<br>**NET BOOK VALUE**<br>At 31 August 2023<br>600,000<br>At 31 August 2022<br>600,000<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments|Freehold<br>buildings<br>£<br>1,705,976<br>-<br>1,705,976<br>310,678<br>18,925<br>329,603<br>1,376,373<br>1,395,298|Furniture,<br>plant and<br>equipment<br>£<br>1,305,497<br>394,000<br>1,699,497<br>962,865<br>70,210<br>1,033,075<br>666,422<br>342,632||2023<br>£'000<br>353<br>-<br>(461)<br>(9)<br>(117)<br>Motor<br>vehicles<br>£<br>66,553<br>-<br>66,553<br>52,430<br>3,998<br>56,428<br>10,125<br>14,123<br>2023<br>£<br>240,856<br>44,715<br>52,634<br>338,205|2022<br>£'000<br>599<br>2<br>(393)<br>97<br>305<br>Totals<br>£<br>3,678,026<br>394,000<br>4,072,026<br>1,325,973<br>93,133<br>1,419,106<br>2,652,920<br>2,352,053<br>2022<br>£<br>218,360<br>21,026<br>54,406<br>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<br>£<br>Listed investments<br>1,278,150<br>2023<br>£'000<br>Market value at 1 September 2022<br>1,350<br>Add: Acquisitions at cost<br>79<br>Less: Disposals at market value<br>(296)<br>Net (loss)/gain on revaluation at 31 August 2023<br>(49)<br>Movement in cash account<br>194<br>1,278<br>Cost as at 31 August 2023<br>1,165<br>The (loss)/gain on investment assets included in the Statement of Financial Activities<br>comprises:-<br>2023<br>£'000<br>Unrealised (loss)/gain on revaluation<br>(49)<br>(Loss)/profit on disposal from previous market value<br>(8)<br>(57)<br>During the year a surplus over original cost on disposal arose of £39,985 (2022: £6,846).<br>Investments in individual entities held which are over 5% of the portfolio by value at 31 August 2023 and 31 August 2022 a<br>Market<br>value<br>2023<br>£'000<br>CT Inv Funds (UK) Icvc CT UK Equity Income<br>-<br>Jupiter UT Managers UK Special Situations<br>68<br>Vanguard Funds Plc<br>64<br>240<br>Investments are represented by:<br>Listed UK Securities<br>448<br>Listed Overseas Securities<br>616<br>Cash held pending investment<br>214<br>1,278|2022<br>£<br>1,349,880<br>2022<br>£'000<br>1,461<br>80<br>(108)<br>(89)<br>6<br>1,350<br>1,140<br>2022<br>£'000<br>(89)<br>(7)<br>(96)<br>re:-<br>Market<br>value<br>2022<br>£'000<br>70<br>65<br>62<br>368<br>565<br>764<br>21<br>1,350|
|---|---|



Page 19 

continued... 



**Doncaster Deaf Trust** 

## **Notes to the Financial Statements - continued** 

## **For The Year Ended 31 August 2023** 

|**18.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other taxes and social security<br>Accruals<br>Deferred income<br>**Deferred income**<br>Balance as at 1 September 2022<br>Fees received<br>Released to Statement of Financial Activities<br>Balance as at 31 August 2023||2023<br>£<br>253,665<br>133,497<br>66,620<br>94,692<br>548,474<br>2023<br>£'000<br>19<br>95<br>(19)<br>95|2022<br>£<br>245,628<br>123,384<br>123,841<br>18,852<br>511,705<br>2022<br>£'000<br>32<br>19<br>(32)<br>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<br>Between one and five years<br>**NET ASSETS OF THE CHARITY'S FUNDS**<br>Fixed assets<br>Current assets<br>Current liabilities<br>Pension asset|Unrestricted<br>funds<br>£<br>2,542,920<br>1,958,009<br>(548,474)<br>-<br>3,952,455|Restricted<br>fund<br>£<br>110,000<br>164,532<br>-<br>-<br>274,532|2023<br>£<br>35,677<br>58,050<br>93,727<br>2023<br>Total<br>funds<br>£<br>2,652,920<br>2,122,541<br>(548,474)<br>-<br>4,226,987|2022<br>£<br>22,434<br>32,012<br>54,446<br>2022<br>Total<br>funds<br>£<br>2,352,053<br>2,119,284<br>(511,705)<br>158,000|2022<br>£<br>22,434<br>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**<br>Balance at<br>1 September<br>2022<br>£'000<br>**Designated funds:**<br>Building and equipment fund<br>175<br>Tangible fixed asset fund<br>1,946<br>Charities and risk fund<br>1,300<br>3,421<br>----------<br>General reserve<br>(103)<br>Investment revaluation reserve<br>337<br>Pension reserve<br>158<br>392<br>3,813|Income<br>£'000<br>-<br>-<br>-<br>-<br>----------<br>10,464<br>-<br>117<br>10,581<br>10,581|Transfers and<br>Balance at<br>investment<br>31 August<br>Expended<br>gains/(losses)<br>2023<br>£'000<br>£'000<br>£'000<br>-<br>-<br>175<br>(74)<br>671<br>2,543<br>-<br>(179)<br>1,121<br>(74)<br>492<br>3,839<br>------------<br>----------<br>--------<br>(10,040)<br>(321)<br>-<br>-<br>(224)<br>113<br>-<br>(275)<br>-<br>(10,040)<br>(820)<br>113<br>(10,114)<br>(328)<br>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'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 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** 

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. 

## **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. 

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



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

|Current service cost<br>Net interest from net defined benefit asset/liability<br>Past service cost<br>Actual return on plan assets|Defined benefit<br>pension plans<br>2023<br>2022<br>£<br>£<br>353,000<br>599,000<br>(9,000)<br>97,000<br>-<br>2,000<br>344,000<br>698,000<br>(427,000)<br>(262,000)|Defined benefit<br>pension plans<br>2023<br>2022<br>£<br>£<br>353,000<br>599,000<br>(9,000)<br>97,000<br>-<br>2,000<br>344,000<br>698,000<br>(427,000)<br>(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<br>Current service cost<br>Past service cost<br>Employee contributions<br>Interest cost<br>Benefits paid<br>Surplus not recognised<br>Remeasurements:<br>Actuarial (gains)/losses from changes in demographic<br>assumptions<br>Actuarial (gains)/losses from changes in financial<br>assumptions<br>Obligations other experience|Defined benefit<br>pension plans<br>2023<br>2022<br>£<br>£<br>15,112,000<br>21,210,000<br>353,000<br>599,000<br>-<br>2,000<br>89,000<br>89,000<br>639,000<br>361,000<br>(584,000)<br>(551,000)<br>1,753,000<br>-<br>(128,000)<br>-<br>(3,096,000)<br>(6,649,000)<br>1,330,000<br>51,000<br>15,468,000<br>15,112,000|
|---|---|



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

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



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

|Actuarial (gains)/losses from changes in demographic<br>assumptions<br>Actuarial (gains)/losses from changes in financial<br>assumptions<br>Obligations other experience<br>Return on plan assets (excluding interest income)<br>Assets other experience|Defined benefit<br>pension plans<br>2023<br>2022<br>£<br>£<br>128,000<br>-<br>3,096,000<br>6,649,000<br>(1,330,000)<br>(51,000)<br>(1,075,000)<br>(526,000)<br>659,000<br>-<br>1,478,000<br>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|<br>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**<br>**Donations and legacies**<br>Donations<br>**Other trading activities**<br>Room hire<br>**Investment income**<br>Listed investments<br>**Charitable activities**<br>Fees and grants from funding authorities<br>**Other income**<br>Sundry income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Charitable activities**<br>Salaries and related expenses<br>Books and apparatus<br>Food and allowances<br>Clothing and laundry<br>Transport and travel expenses<br>Training<br>Exam and tuition fees<br>Miscellaneous teaching expenses<br>Other salaries and related expenses<br>Light, heat and power<br>Maintenance and repairs<br>Insurance<br>Printing, postage and stationery<br>Furniture and equipment<br>Cleaning<br>Computer running costs<br>Telephone<br>Legal and professional fees<br>Marketing and advertising<br>Miscellaneous running expenses<br>Bad debts<br>Governance costs<br>Depreciation - freehold buildings<br>Depreciation - plant and machinery<br>**FRS102 Pension cost**<br>FRS102 Pension cost|2023<br>£<br>2<br>12,682<br>35,089<br>10,406,768<br>61,892<br>10,516,433<br>5,744,926<br>120,707<br>279,484<br>9,874<br>30,792<br>72,396<br>20,830<br>8,635<br>2,401,291<br>473,590<br>189,903<br>140,835<br>34,255<br>11,040<br>30,123<br>83,527<br>14,122<br>245,052<br>9,837<br>146,359<br>-<br>32,116<br>18,925<br>74,209<br>10,192,828<br>(117,000)|2022<br>£<br>14,959<br>11,746<br>28,056<br>8,824,732<br>44,482<br>8,923,975<br>5,778,004<br>114,473<br>265,682<br>7,269<br>26,624<br>76,840<br>19,899<br>4,888<br>1,874,072<br>552,665<br>127,830<br>105,285<br>37,580<br>18,631<br>25,981<br>59,189<br>14,717<br>240,818<br>11,813<br>111,480<br>(962)<br>33,922<br>17,371<br>58,181<br>9,582,252<br>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<br>**Net income/(expenditure) before gains and losses**<br>**Realised recognised gains and losses**<br>Unrealised (loss)/gain on revaluation<br>**Net income/(expenditure)**|2023<br>£<br>10,075,828<br>440,605<br>(56,250)<br>384,355|2022<br>£<br>9,887,252<br>(963,277)<br>(95,983)<br>(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...
```

```
Page 9
```



```
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.
```

```
Page 10
```