ST. JOSEPH'S SPECIALIST TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 %eplI s Speoa/istp Christ in Our Lives No Limits .-- just Possibilities Registered Charity Number 1177680 ST. JOSEPH'S SPECIALIST TRUST FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2022 CONTELYTS Pgge Trustees and Advisers Executive Principal's Annual Review Trustees, Report 4-10 Ststement of Tru5tee5' Responsibilities Independent Auditors, reFrf)rt 12- 14 Statement of financial activities 15 Balanc¢ she¢t 16 Statement of cash flows 17 Notes to the financial statements 18-25 ST. JOSEPH'S SPECIALIST TRUST TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022 CHARITY TRUSTEES AND MEMBERS OF THE EDUCATION GOVERNING COMMrrrEE Trustees Fr. Jonathan How. Chair Richard Boyle (appointed 08.10.2021) Simon Charleton (appoinied 08.10.2021) Una Corning Dominic Gorton {appoinied 08.10.2021) Kate Sarama (appointed 19.07.2022) Bernard Smith Rebecca Vickers Lawrence Bartel (resigned 15.12.2021) Joanna Homewood (end of olTice 13.01.2022) Education Governing Committee Richard Boyle. Chair (apw)inted 04.02.2022) Anni¢ Sutton, Executive Principal Leonie Collingwood-Johnson Una Corning Maria Gavrili Jean Keane M¢lissa Longmire Tim O'Dwyer Monica Whitehead Grnce Bradley (resigned 31.10.2021) Jo Jacques (resigned I1.07.22) Gemma Mitchell (resigned 21.02.22} Andrew Pusey (end of office 17.09.2021) Registered chArity number 1177680 Registsred Otrice Amlets Lane. Cranl¢igh. Surrey. GU6 7DH Website wwryv.si-josephscranleigh.surrey.sch.ukJ Bankers Barclays Bank plc I Churchill Place London E14 5HP Auditor Haysmacintyre LLP l O Queen Street Place London EC4R IAG ST. JOSEPH'S SPECIALIST TRUST EXECUTIVE PRINCIPAL'S ANNUAL REVIEW FOR THE YEAR ENDED 31 AUGUST 2022 "No limirs... ..ju.si possibiliiies" is the mission statement of St Joseph's seen every day in our caring community where actions speak louder than words. This year. our ¢ommunity of approximately 253 staff have SUPFKJrted 77 young people from the age of 5 - 19 and 13 adults with ¢ompl¢x and s¢v¢r¢ l¢aming disabilities, many of whom are on the autisti¢ spectrum, and have other ass(Kiated difficuliies. We are trusted by Local Authorities to Provide educalion and care, not just I(￿&11Y but also nationally, for some of the mosi ¢hallenging young peoplc who have reached a point of complexity and often of Crisis, whereby they Can no longer be supported safely or adequately within mainstream settings. We provide fully committed care supported by exceptional expertise and experience in this complex and often physically and emotionally chall¢nging field. To uphold the trust placed in us by Li)cal Auihorilie& we continue to provide a financially secure and stable environment. We invest all surplus funds only into securing and ensuring the continued development and support of our beneficiaries. We are fully focused on the pursuit of securing for our young people a stable future quality of life that represents the highest levels of personal autonomy. self_respect and contentment as is possible for each individual. We continue io be supported by generous donors in the year which has led to the forthcoTning opening of our new Work Skills and Enterprise Centre, a significant development that will greatly cnhancc life opportunities and personal skills for our students and the wider community- We are a Catholi¢ provision with Christian principles at our core" welcoming students, residents and staff of all faiths and of none. We are blessed to know ihat we can count on such guidance. on His wishes and to follow th¢ wisdom ihai He has wished for us all. This year has been challengin& not uniquely io our setting but by WTthstanding the Covid-19 pandemic, nalional shortages of skilled staff and the cost of living Ine￿a5¢, St Josephs has been unswerving in its dedication to the children and adults. We have never compromised their needs. and have ensured all facilities are 'business as usual, We have ¢ontinu¢d to work with a wider community of family, guardians and providers. Once more this year we have sought to improve and excel in our Speciall￿ provision for students. Ofsted inspections in both Education and Care support our specialist provision and in their obserYation5, they highlight; Having a ri¢h ¢urri¢ulum that is sharply focused on meeting pupils. needs and aspirations. Pupils. leaming and wider dev¢lopmenl is catered for extremely well. + Teaching and closely working with therapists is shwply attuned to pupils. learning and development needs and is even more strongly rooted in a holisti¢ understanding of pupils, progress and learning needs. This supports outstanding progress over lime." There is a heightened fwus on pr¢parin8 pupils for adulthood increasing and broad¢nin8 pupils, oppot1uniti¢s to experience ihe worfd of work. The school provides a rich rnnge of opportunities for all pupils which is highly bespoke to each pupil's interests and aspirations. Links with colleges and I￿al employers are utilised very effectively Safeguarding arrangements are fit for purpose and records are of high quality There is clear ¢videnc¢ that the children who live in our ChildreTJ'S Howne are achieving life-ch&nging outcomes. S￿ff don't let their children's needs slow iheTn dowm, they ensure that children are able to grow and learn in a fun environment and ar¢ supported to 5pcnd time in the community participating iii activities and creating sp￿la1 memories. bLtilding their confidence and independence. Staff are fond of the children knowing their likes and dislikes well and with such a personal investment this has helped children communicate when on¢¢ ihey could not, to undertake simple chore5 even at their home. Managers and stsff seek children's views and incorporate these into their care planning so their voice 15 evident and understood by all working with them. •> Senior managers in Children's Homes support careful planning for children's htures and closcly link with Adult Supported Living to assess and pmvide the best opponunities. We have continue to inwesi significantly in plans to provide improved accommi)dation St Joseph's is a happy and caring place. ST. JOSEPII'S SPECIALIST TRUST EXECUTIVF. PRINCIPAL'S ANNUAL REVtEW FOR THE YEAR ENDED 31 AUGUST 2022 The educational highlights in the year to name but a few have bccn A renewal of our accreditation by the National Aulistic Society- we hope to a¢hiev¢ Advanced Status through improvement5. Thc Hcad Tcachcr is now external cxpcrt on thc DIF.S consultanls list and also conducting Sch¢)ol ITllpTovcm¢nt work for other provisions. We hosted our Creativity Confer¢n¢e with workshops which ien ￿h0O15 all¢nd¢d plus a New Choicc5 and Decisions Day ¢&￿tr$ ¢vcnt ran succcssfully on sit¢. Wc 5UCC¢Ssfully had thr¢¢ Lo¢al Authority Quality Assurance insFclions in the year and our Embcdded Thcrapie5 was evaluatcd and awardcd ccnlrc of cxccllencc Sthius. We continue to support teacher iraining and also have a successful participant on the SSAT (Schools Students and Teacher N¢t￿.0rk) future leaders programme. Thc use of our ncwly built Work Skills & Entcrprisc Ccntrc has lcd io the creation of work experience opportunities with a ¢af¢ ¢ompl¢t¢ with delivery, a]Id a ¢aiering service. Such veniures put functional litcracy and numeracy skills into pra¢ti¢al appli¢ation in preparalion for th¢ fuiur¢. The DT workshop has seen students create leable products in preparation for developing commercial rclationships within our cotnmunity and, in addilinii, the on site Choices and Decisions day was very successful and offered 19 diffcrcnt workshop5 to students. Pottery and Crafi have been a successful centre for lessons. Arts week and our Arts Conference outreach which shows o(four new facililies to the wider sector. Thc stlrling work and cotnmitmcnt by thc Adult Supwrtcd l.iving bthff in lh¢ has led to residents who use the scrvicc and thcir rclatlVC5, who spcak highly of thc scrvicc, f¢cling that they are 5UPPOrted in a kind and caring way. Residents with individual goals are able io live independeni lives with maximum Control that includes dignity, privacy and rcspcct for human rights. AbL)ve all, the righi euliurc. cthos, values, attitudes and behaviours of leaders and care staff ensure r¢sid¢nts l¢ad confident, inclusivc and empowcrcd Iivcs. In addition St Joseph's has always ensured tliat Adult Supported Living aLcomTll(Klation. which is sittMt8J in residential area& has no outward signs to diff¢r¢ntiate li from other h(￿SeS in the street, so thatthe residents are able to of the community Such high slandards highlighi our greaiest assci, our dcdicaied and commiiicd staff who directly contribute towards thc overall wcllbcingy futurc happincss and quality of life of our young pcoplc and vulnerable adults. In turn, this also itnpacts directly on the quality of life and the happiness of siblings and family members. They do so by coll¢¢lively providing innovativc lead¢rship, tcaching in cla%scs. IhcrdP¢Uiic supporu safcguarding and prOt¢¢tIn￿ being uslodians of care in our children"s home and having vithl support staff who. together with all staff ensure tliat St Joseph's runs successfully and smoothly. As a 52 week, 24 hour. 7 day a week organisation, Si Joseph's never really slccps or slops. Our unique setting for children is in a 23 acre site sltualed on the oulskirts ofcranleigh nestled in the SLenic Surrey Flills. Cranleigh is F,.n2land's largest village, providing not only a supportive cotllmuttity but also Inany vibrant opportunili¢s for th¢ childr¢n and adult5 in our car¢- EKing just on our doorstep. we arc most fortunatc to b¢ncfii frvjn its pairoiiage in Fnany ways. Thc sitL is 5urroundcd wilh ficlds. woodland, local flora and fauna. A wurld thal uifirs grace and guidan¢¢, a lim¢ for insighi. renewal and healin& to listen and learn, and surmount thc challeng¢s lh¢ young people and adults face daily. Si Joseph's strives cv¢ry day to Tnakc positiv¢ futurcs from despair. conjuring happiness from 5adnc5s. crcating thc be&1 possible quality of lifc right now for cvcryone af Si Joseph's and providing a lasting legacy of hope and security for the lives of the students, the supw)rtcd adult5 and thcir familics. As we go forward into the unknown clcmcnts of 2022-23. th¢ supp)rL love and compassion of our coinmunity 15 a given, the impossible be¢oines possible. I"here are "No limils......jwl pos5ibililies With deepest respect and best wishes Annie Sulton Exccutive Principal ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees present their annual Trustees, Rewjrt for the peri(Ml ended 31 August 2022. together with the audited financial statements. About tbe Trust St Joseph's Specialisi Trust COTnprises a non-maintained. co-educational sch(x)I I college and registered children's home for students aged 5-19 with ASD & complex needs and two supported living houses for up to 13 vulnerable adults. St. Joseph's was originally founded by the Sisters of the Sacred Hearts of Jesus and Mary and, whilst a Catholic setting. welcomes those of all denominations or none. At the heart of St Joseph's, and reflecting its Catholic foundation, is a commitment to furthering the coming of God's kingdom through ensuring that young people with ASD and Complex learning needs are enabled to grow as Children of God and members of the human family and io share as fully as possible in its life. St Joseph's welcomes all those, like its staff, supporters, r¢sid¢nts. students and their families all thos¢ who share this aim. irrespective of their own faith or beliefs. Established as an independent Charttable Incorwrdted Organisation (CIO) on 1st September 2018, the assets and liabilities of St Joseph's Specialist School and College. an operation of the Diocese of Arundel and Brighton, wer¢ transferred to the Trust from the Diocese under a 999 year lease with ￿ppercOrn rent. Objectives Aetivities The objects of ihe CIO are for the public knefit, and are given in its constitution &$= (a) the advancemenl of the Roman Catholic religion; and. in accordance with the tenets. tfdching and prdctices of the Roman Catholic religion- (b) the advancement of education and trdining- and {c) the provision ofresidential accommodation and 5UPlX)rt to those in need, This is achieved. particularly but not ¢xclusively within Surrey and Sussex by.. {a) the managemenL maintenance and development of St. j(￿Ph'S Specialist School and College for children and yourkg people with complex learning and behavioural dI￿le￿ItieS and ancillary charitable activities- and (b) the provision of residential accommodation to children and young people, and supported housing to adults, both of these with complex learning and behavioural diificulties. The St Joseph's campus sits on the fomjer Wyphurst Estate in the Sutrey Hills. The main house, surrounding buildings. some historical. some purtx)se developed. provide the secure and trdnquil setting for some of the mosi complex and challenging young people in the UK allowing them to benefit from highly specialist education, care and therapy. St Joseph's School and College St Joseph's School and College offers a fully integrdted approach thal enables it to Ineel the needs of young people with complex learning needs, who additionally have often experienced crisis, r¢j¢ction or exclusion leading to a fear of school. Learning and teaching ai St Joseph's is fully int¢gratrd with a broad rdnge of therdpies and opw)rtunities, including speech and language therdpy, occupational thernpy, ar¢ drdma and music therdpies, an arts centre with artist in residence, sports facilities, a swimming pool. horticulturt provision. outdoor classrooms, a nature reserve &nd enlerprise ventur¢s including a student run ¢afe. Each of the small ¢lasses is run by a trio of ieacher. occupational thcrapisi plus a speech and language ther&pist supported by a team of teaching assistants and d¢signat¢d therapy assisiants who work io r¢mov¢ the obstscles to leamin& which traditional educational &pproaches have failed io achieve. Mental health and well-being are supponed through daily iherapy led group sessions. Th¢ availability of a clinical psychologist and a psychiatrist in-hous¢ gives students fast and ¢lf¢¢liv¢ a￿¢5$ to Child and Adol¢s¢ent Mental Health Services {CAMHS) as required. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 St Joseph's S¢hool and College continued In place of the usual Key Stages. 5tudeiits at St Joseph's follow one of three educational pathways.. Adventurer Pathway: for students identified as having the ability and disposition to follow a more academic route through the s¢hool, who on leaving St Joseph's are likely to go into Furth¢r Education and then employtnent. Although the academi¢ side of th¢ Adventurer Pathway is imimirtant, there is also an equally imw)rtant emphasis on developing social and life skills. and internal and external work experience placements at an appropriate age. Discoverer Pathway-. enables studenis io follow a cu￿1¢U]UTn ihat prepares them for a future thai is likely to be in a specialist residential Further Education college. or in supwjrted living. with part-lime working and as great a degree of autonomy as possible being long-term goals. Explorer Pathway= nurtures stud¢nts ¢hara¢t¢rised as having higher levels of d¢p¢ndency in the areas of communication, 50¢ial intera¢tion and relationships, flexibility of thought (activities and interests) and sensory issues. They may have high levels of need in personal ¢ar¢ and health. It is anticipated that students in this Pathway will continue to require high l¢vels of suppon into adult lif¢ and that some will continue to be non-verbal, relying on augmentative and alternative ¢ommuni¢ation sysiems. Th¢ cu￿1¢U1uM for these s￿dentS aims to develop their communication and indep¢ndence. St Joseph's engages in r¢s¢arch through the National SENCO Award with research assignments being carried out by the Pathway Leaders. The Directorof Care is currently engaged in a research project exploringthe impact oftransitions for young people with complex needs and ASD in the residential care setting. ChildreJ)'s Home St Joseph's Specialist Trust is registered with Ofsted a5 a Children's Home. There are seven boarding houses that encourage and support young people to maximise their full potential. Young r*ople have the benefit of the waking day curriculum where they develop and achieve in many aspects of their lives and m&ximise key skills towards independent living. They can spend time pursuing their various hobbies and inleresls whilst achieving their objeclives wiihin their EHCP. Staff encourdge and sUPPOrt young people in all areas of independence and the development of skills to enable interaction out in the community. The links to education and therdpies to ensure a cohesive and consistent approach in all areas of their home. Adult Supported Living Supported Living for vulnerdble adults is provided at two locations away froTll the main site. Springvale, originally a student house. was launched as adult suprM)rted living in 2012. Standing on the edge of Cranleigh village, it eiiables tenants to be a part of the local community with the social and trdining optK)rtunities. retail and leisure facilities this offers. Jn 2015 a second provision was opened at Long Bam, in the more rural Beare Green area, a setting well suited to tenants for whom community interaction is extremel>. challenging. Long Barn is owned by the equity group Equitix Renaissance. the landlord by association is First Priorirylmyshon. li is staffed by St Joseph's expert car¢ provision. St Joseph's is at the heart of the Cranleigh community. Goodwill towards the 0￿ratiOn has attracted local palronage for various ventures. St Joseph'5 Ivorks hard to continue to attract the significant donations necessary for the continuation and itnprovement of its aim5. Achievement and Performanee In 2021122 St Joseph's provided quality education to 77 children and young people {2021.. 79). and supported living for 13 adulis {2021= 1 l). St Joseph's has managed to remain fijlly open throughout the height of the grealest challenges of lockdown and staff abs¢n¢e from Covid-19, providing all usual services together with a safe environinent for students. and statTand their families. Student progress is monitored using CASPA scores. Considering overdll progress against expectation, of a cohort of 63 students in KS 14. 3 students exceeded expectation by 2 or Tnore points 16 students exceeded expectation by between l and 2 points 43 students exceeded expe¢tation by b¢tw¢¢n O and I poini. 4 students natTowly missed progressing as expecied The dala further suggests ihat many students make sigiiificant Progre￿ alKyve previous expectation when they move into the St Joseph's setting. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Achlevement and Perfomance (Continued) This provision is well rated. In Novemb¢r 2017 OFSTED maintained their assessment that the education provision is Outstanding in all areas. This was supported by an overall grade I for effectiveness by the inspectors of the Catholic Schools Inspectorate in December 2019 and also more re¢ently ¢onfimied. in March 2020 and October 2022, by an inspection by Wesi Sussex Local Authortty and Surrey Local Authority resFctively, on behalf of the CCRAG, a joinl commissioning group of local authorities. CQC inspeet adult supported living provision. The last report on Sprin8vale was following an inspection in November 2016 and which a5sessed'"Good" across all aspects of pmvision. Likewise. the Long Barn inspection of 2016 reported "Good" acTOSS all aspects of provision. The inspection of Long Barn in November 2021 continued to report 'Cood" across all aspects of provision excepi.well led" which it rdted as'requires improvement" In July 2022, Ofstcd Care confirmed the Trust provides effective care services thai meet th¢ requirements for g(K)d. The Trustees are confident that appropriate measure have been implemented thai would result in a ￿00d- rating under ￿-InSpection. Financial Review The Trust generated a surplus £613,337 for the year (2021: £422,730). The Trust's work with Children and Young People generated a Surplus of £766,317. Adult supported living generaled a deficit of £152.980. Key Performance Indicators show a net sutplus margin of 4.670/fy. working capital of £3.4m and a current ratio of approximately 4-1. The principal source of income this year has been the fees and bursaries received from Local Authorities and the Educaiion and Skills Funding Agency. to secure an appropriate and effective education and care tha( meets the significant additional needs of the children who are placed at St Joseph's. The largest part of this relates to the funding provided by Local Authoritie5. There have been some further donations of £48,222, which have ¢ontribuled towards the final completion stage of the Work Skills and Enterprise Centre, and are reflected in the surplus shown for the year. Actual income received exceeded planned income due largely to increased fees for schoovcollege and for the adult supported living intake. Despite a lengthy waiting list of tK)tential applicants. the Trust is unable to increase intake to capacity because of a severe shortage of staff seen in recruitment challenges experi¢nc¢d a¢ross the sector. Much of these are part of a post- pandemic aT]d post-Brexit setting. The Trust makes use of contractorlagency staff to fill some gaps but the costs of these have risen steeply over the last year or so and account for some of the underlying volatility in overall staffing costs. The Trust has measures in place to alleviate this tKTr5ition and to relain directly employed staff. The Trust continues to apply robust cost controls to general overheads at the point of planning as well as delivery. Capital expenditure in the year has spent on improwing facilities wiihin administrydtion l education and principally on improving accommodation for children in care. as part of a longer term strategy to ensure that higher standards ar¢ tnet. The Trust retains the use of the land and premises at the school and college and aÉ Springvale for a ￿ppercorn rent for period of 999 years donated by the RC Diocese of Arundel & Brighion in 2018. All funds raised in connection with operating activities ar¢ solely expended for the benefit of the Trust and its beneficiaries who are the Children & Young People and adults in Supported Living. Reserves policy The Trustees re¢ogniz¢ the need for the Trust to maintain sufficient reserves to: provide for future maintenance and development of the infra5lru¢ture- provide for managed closure, possibly without much income but with a ￿SponsIbl11ty to ensure the wellbeing of its children, young people and adults. provide for variations of cash flow; cover its duties for staff pensions, liabilities. iv. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR EIYDED 31 AUGUST 2022 Reseryes policy (continued} The Trustees have established an initial target for free reserve& in nd current asse￿ of 6 months operating costs. They plan to build this up over the ¢oming years by generating A small operdting surplus while tneeting their duiies to provide Value for Money for publi¢ funds. Ai year ¢nd fr¢e reserve5 Stand at £3.443.651 (2021: £2,578,703) against a target of £5.5 million. At 31" August 2022 the Trust has a restricted fund of £783k (2021: £680k) held in relation to monies re¢eiv¢d for the Work Skills & EnteTprise Centre. There are no other current designated ffserves. Future Plans The work to build the Work Skills & Enterprise Centre was completed by August 2022. with costs having ken m through fundraising. St Joseph's looks forward to making full use of the Work Skills & Enterprise Centre from the autumn tern] of 2022. This fa¢ility will add further value to the provision for children and young people that is already in place. The Workshop and the Cr¢ative Craft Room are officially now in the 2022123 acadetnic timetable. The cafe facility is functioning as a student-l¢d iimetsbled activity. similar io the enterprise and work experience activities that are already well estsblished and had previously operated oui of ihe now demolished DT block. Final remaining catering standard machines await prof¢ssional installation (such as th¢ commercial standard coffee machine) and, once installed. an additional catering manager will be employed to run ihe cafe lo professional commercial standards serving Ihe entire St Joseph's community. The Cafe facility (Cafe Cariias) is hoF*d io be fully compleied and for full use and cafe experience introduced to all students in the a¢ademi¢ y¢ar 202212023. It will then also serve as an outreach amenity for the local COTllrnUllity. Plans to further develop the resideiitial facilities al the main site ivith the addition of two new Day Rooms to two of the existing residential houses are nearing completion. This will enable them to safely and comfortably accommodat¢ three residents in each. One is due to be regist¢r¢d for the purpos¢ of Adult Supported Living. Ofsted Care have worked with St Joseph"" s to advise and comment on the ageing housing stock of the Children's Home fa¢ility. Work is on- going lo progressively upgrnde all Children's Home housing Stock to accommodate the desired standards. which include5 en suite facilities for each bedroom and a separate bathroom in each housing unit. Holy Family has already been upgraded io provide a self-contained ground floor one bedroomed flat. Work is now progressing on upgrading the first floor to provide a three bedroom hous¢, all with en suite facililies. with separate bathroom and two living rooms. The Trust plans to restructure Adult Supported Living arrangements in 2022Q3, following a r¢vi¢w of the wsts incurred, and has given notice lo wiihdrdw from the provision of services at Long Barn. The past few years. with respect to the quality of education, have been spent focusing on driving the quality of teaching delivery and developing the pathway curriculum. Through this, we have seen a significant drop in negative pupil behaviour as an indicator of improved engagement. alongside other initiatives such as more ongoing and developmental Behaviour Supw)rt training for all staff and improved induction of new slaff. We are now tUrnill8 our heads towards the Cognilive Science, which underpins the curriculum. the re￿li110n and spa¢in8 of inforniation to optimise on the long-terni retention of knowledge and dev¢lopmenl of skills. By len8thening th¢ tim¢ betwe¢n recalling infom]ation, a student will improve their long-terni memory and hopefully their understanding. Teachers are also LEsing evidence-based practice to support existing processes and explain why we use certain ASD friendly approache4 which provide them with both the credibility and the confidence in developing their practice. Siructure, GovernAnce and Manxgement The Board of Trust¢es was originall! appoinied on the dale of incorporation (23 March 2018). The Board of Governors of ihe School and College became & suiKommitt¢e of the Trust (Education Governing Committee), supporting the Trustees in the governance of the edu¢ational activities of the school and college. Members of the Education Goveming Committee are still known as governors, though the usual r¢s￿nsIbl11t7es of a Governing Board now sil with ihe Board of Trustees. The current Trustees and Governors are listed on page l. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Siruclur& Governance and Mgn4gement {con¢illued) The Board of Trust¢es. as the accountable IM)dy for th¢ major decisions of St Joseph's. ensures clarity of vision. ethos and strategic direction; it holds ihe executive leaders to accouni for ihe perfomance of the organisation and its management, and oversees th¢ financial perforniance of the charity. 'fh¢ Board meets at least four times a year. Day to day management of th¢ chariry is delegated to the Executive Principal who rewrts regularly to the Board of Trustees on the progress of key matters. The Board of Trustees has delegaied to the Education Governing Committee. responsibiliry for overseeing the management of the School and College including policies, Sta￿Ing and use of tEsources. The Governance arrangements for the S¢h(K)l and College fall under the Non-maintained StKcial School Regulations and mirror school govemance within the Local Authority maintained sector. The Constitution provides for up io eleven Trustees. Eight aprK)inted by members of ihe CIO, two by the Diocese of Arundel and Brighton and one by the Bishop of Arundel and Brighion. The consent of both the Trustees and the Bishop of Arundel and Brighton is needed to amend the objects of the Trust. The Trustees have taken steps to ensure that they have the breadth and depth of experience and understanding to carry out their duties effectively and efficiently particularly &8 regards education. SEND, care and therapy. financial, audit and legal. health and safety, HR and remuneration. The r¢¢ruitm¢nt of suitable and available individuals remains a challenge in common with many charities. New Trustees receive an introdu¢tion to ihe work of the Trust from the Core Senior Leadership Team. Tru￿ee training is accessed through Strictly 4 Education and other trdining services. Most Trustees bring significant skills from other settings. The Trustees and the Governors understand their roles in relation to equality and diversity. and comply with legislative requirements including those relaiing to disability. safeguarding, and health and safety. Managemen¢ The operational manag¢m¢nt of the Tntst 15 delegated to its Core Senior Leadership Team, which comprises- Annie Sutton Ex¢¢utive Principal Alan Day Director Residential Ca Cedric de Sou7A Diffctor of Finance Elizabeth Hurst Dire¢tor of Business Sitnon Jaggard Director of Education (Head Teacher) Adrian Maxey Director of E5tate5 & Facilitie5 Karen May Director of Therdpies Elizabdh Sanders Dire¢tor of Human Resources Employee involvement St Joseph's policy is to work collaboratively with employees on matters likely to affect employees, itkterests through organised forums such as th¢ anonymous"Ask the Boss- online facility and regular staff updates via weekly meetings and email circulars. Each half terni welcomes all staff with an update on ihe Current state of affairs led by the Executive Principal and supported by all Core and Senior Leaders. This may be infomiation regarding matters of personal, local or national concern. we seek to achieve a common awareness on matters relating to strategic, operational and financial factors affecting St Joseph's performance. In matters that significantly Change policies or terms, full and extensiv¢ consultation pro¢esses are followed. to ensure that all sthff are able to offer their opinions, suggeslions and concerns. There is sound evidence ihat deTnonstrdtes thai the consuliaEion process atthe Trust takes this on l)oard and has adapl¢d n¢w proposals in line with suggestions offered by the wider staff. In some cases where ther¢ has been significant on¢¢rns raised by staff. new initiatives or changes have been abandoned. There is sound ¢viden¢e ihat the Exccutive Principal leads th¢ Core Senior Lkadership Team and ivider management team iii giviiig serious consideration to all staff qu¢ri¢s and gives respectful and full ¢omprehensive feedback to staff. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR EIYDED 31 AUGUST 2022 Equality and Dfverslty St Joseph's has a robust Equalitv Policy and Safer Recruitment process and is ¢ommitt¢d to ensuring equality of edu¢ation, care and opportunity for student& residents and staff IrreS￿tIve of race. gender, sexuality. disability, or socio-economic background. We aim to encourage inclusion and diversity in which all those connected to the Trust feel equally valued and are able to participw¢ fully. GenderPay Gap As at 31. August 2022. our stron& diverse and engaged network of 253 employees indi¢afrs pay gap of 30/0 in favour of the female gender based on an hourly Tate of pay. Further analysis as follows: Gender Staff sta￿/0 RatelHour Male Female 84 169 15.50 15.95 670/0 The proportion5 of male and female employees in respective pay bands 15 as follows.. uartile Female Male Lower Lower Middle Middle er 77.3D/o 60.60/ 39.40/ 30.30/ The Core Senior (Executive) Leadership Team is comprised of 4 male and 4 female% with a pay gap of 6•/0 in favour of the female g¢nd¢r and it is io be noted that ihis include5 that Executive Principal of the organisation who is of the female gender. The Bowd of Trustees is comprised of 5 male and 3 females who are all volunteers and hold unpaid positions of responsibility. Our strategy. is to continue to create a cullure of inclusion and devclopment for everyone and we will continue to shape a mor¢ diverse and inclusive culture at the Trust. Pupil D#ta Th¢ school participates in the tkpartment for Education (DfE) annual census in January each year. The school rew)rted the following pupil numbers: Key 2022 ofwhich 2022 Stage Pupils Boarding BoardeTS Key 2021 ofwhich 2021 Sthge Pupils Boarding Boarders KSI KS2 KS3 KS4 KSS Total Weekly Temily 52 week KSI KS2 IQS3 KS4 iQS5 Weekly Ternily 52 week 16 25 20 14 77 17 26 14 19 79 12 18 21 Supported Living Tenancies at Au8llSt 2022: Springvale.. 7 tenancies. Long Barn: 6 lenancies. ST. JOSEPH'S SPECIALIST TRUST TRUSTEES, REPORT FOR THE YEAR EIYDED 31 AUGUST 2022 Admisyion5 and Funding Admissions ¢riteria for the school and college require potential students to have an Education, Health and Care Plan that specifies a disability. Residential placements are only available to students either already in or taking up an academic placement. Adults accessing supw)rted living accommodation must initially meet assessment criteria of Local Authority Adult Social Care or Continuing Health Care in order to apply for the provision. St Joseph's sp￿la11$¢$ in provision designed to meet the needs of those with complex and significant learning difficulties. All education, ¢&re and adult supported living services are fully funded b), public EK)dies. The majority of siLMlcnts are placed and funded by Local Authorities and tenants are charged rent capped at Housing Benefit maximum. Compliance with Charity Commission GuidaDee and Publie Benefit The Trustees have paid due regard to guidance issued by the Charity Comrnission in deciding what activities the charity should und¢rtake. The Trustees have considered the question of public benefit and are satisfied that the Charitys activities are as defined by chartty law and Charity Commission regulations. St. Joseph's is a member of the Naiional Associaiion of Independent Schools & Non-maintained Special Schools (NASS) a membership organisation working with and for special schools in the independenL voluntary and private sectors within the UK. The Executive Principal is a Trustee of NASS ensuring that Si Joseph's is fully involved at a nation81 level within the special educational sector. In addition: the Head Teacher ensures that St Joseph's works Collaboratively with the local maintained sector. and is an active member of the Cranfold Confederation, an informal confederation of schools in the South Guildford area. Risk Assessmenl and Risk MAna%emeDt During the period. the Trustees coniinued their oversighi of ihe Tnajor risks io which the Trusi is exposed and have put in place a comprehensive Risk Re8lSter. Th¢s¢ have not changed significanily duringthe course of the year and include the following Major risks- MAJOR RISKS MITIGATION Poor safeguarding leading to adverse Ofsted judgements and safeguarding Concerns A d￿l¢￿ted Head of Safeguarding manages refcrrals and compliance requiremen1& monitoring activities to address risks as well as conducting in- depih irnining and providing regular updates for staff. Reputalional damage Implemeni Business Continuity Plan including tnedia tnanagement, negation of insurancc, discussions with local authority, Ofsted and CQC. tnanaging parentavguardians concerns. Mainthin Ofsted and CQC standards, apply Strict procedures with iiew plac¢ments and changes in contracts. Manage cash flow issues due to poiential delayed payments of billings. Reliance on local authority placements Cyber security Maintain separnte back-ups of data and multiple layers of protection that meet with stringeni standards. Insufficient staff to deliver services Adhere to EHCP Plan, dynwnically reassign staff from other duli¢s, ¢ollapse timetables, creale larger classes, and maintain list of children who can be at hom¢. Trustees have directed the Core Senior Leadership Team to continue to f￿uS on risk reduction in 2022123 in order to ensure the continued high quality provision that has b¢¢n mainlained over ff¢ent years. 10 ST. JOSEPH'S SPECIALIST TRUST STATEMENT OF TRUSTEES, RESPONSJBILITIES FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees are responsible for preparing the Trustees. Report and the financial siatements in a¢¢ordance with applicable law and United Kingdom Accounting Standards (United KingdoJn G¢ncrally Accepted Ac¢ounting Prnctice). The Trustees required to prepare a financial statement for financial year that gives a true and fair view of th¢ slal¢ of affaits of th¢ Charity and of the inwTning resources and application of resources including the in¢om¢ and expenditure, of the charity for that F¢riod. In preparing these financial sta*ments, the Trustees are required to: Select suitable accounting tK)licies and then apply them consistently. Observe the methods and principl¢s in the Charities SORP. Make judgements and e#imates that are reasonable and prudent. State whether applicable UK Accounting standards hav¢ been followed. sUbJ￿t to any material departures disclosed and explained the financial statements. Prepare the financial statements on the going con¢m) basis unless it is inappropriate to presume that the charity will ¢ontinu¢ in business The Trustees are responsible for keeping proper accounting records that disclose with reasonable a￿UracY at ony lime the financial position of the charity. They are a150 responsible for Safeguarding th¢ assets of the charity and hence for taking reasonabl¢ steps for the prevention and detection of frnud and other irregularities. In so far as we are aware, there is no rel¢vanl audit infomiation of which the charity's auditor is unaware. the Trustee5 have taken all steps that they ought to have taken to make themselves aware of any r¢l¢vanl audit inforniation and have taken steps to ¢slabliih that th¢ auditor is aware of thal infornialion. Approved by the Trustees on 3 February 2023 and signed as authorised on their behalf by: than How Trustee REPORT OF THE INDEPEIYDENf AUDrroRS TO THE TRUSTEES OF ST. JOSEPH'S SPECIALIST TRUST FOR THE YEAR ENDED 31 AUGUST 2022 Oiiini() Opinion We have audited the financial statements of St Joseph's Specialist Trust for the year ended 31 August 2022 which comprise ihe StatemeTht of Financial Activities, the Balance Sheet. the Statemeni of Cash Flows and notes lo the rinancial statements, including a summary of significant accounting w)licies. The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Stsndards, including Finan¢ial Reporting Standard 102. The Financial Reporling Siandard applicable in the UK and Republic of Ireland (United Kingdom G¢nerdlly Ac¢epled Accounting Pra¢ti¢e)- In our opinion, the financial 5tatements'. give a true and fair vsew of the siale of the Chariry's affaiTS as at 31 August 2022 and of the charity's net movement in funds for lh¢ y¢ar then ended. have been properly prepaTed in accordance with United Kingdom Generally A￿epted Accounting Prdctice. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We have been apwinted as auditor under section 144 of the Charities Aci 2011 and report in accordance with the Aol and relevant regulations made or having effect thereunder. We conductcd our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards &r¢ further descrikd in the Auditor's responsibilities for the audit of the financial ￿ale[￿entS section of our report. We are independent of ihe charity in accordance with ihc ethical rcqUI￿￿ents that are relevant to our audit of th¢ financial statements in the UK, including the FRC'S Eihical Standard. and w'e have fulfilled our other ethical responsibilities in accordance with these requirements. Wc believc that the audit evidence wc 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 Tru￿ee$, use of the going concern basis of ac¢ounting in the preparation of the financial staiements is appropriatr. Based on the work we have perfornied. we have not ideniified any matsrial un¢ertainti¢s relating to event5 or conditions that, individually or collectively. may cast significant doubt on the Charitys abilit)I lo ¢ontinue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and th¢ responsibilities of the Tn￿¢¢$ wilh respect to going concern are des¢rib¢d in the relevant sections of this r¢p(Ht. Other information The Truste¢s are responsible for the other infomiation. The other infomlation comprises the inforniation included in Ihe Trust¢es' Report. Our opinion on the financial statements do¢s not covcr tlie other information and. except to the extent otherwis¢ explicitly stated in our repo￿ we do noi express any fomj of assurance conclusion th¢reon. In connection with our audit of the financial statements. our responsibility is to read the other infomiation and, in doing so, consider whether ihe other infomiaiion is materially inconsistent with the financial statements or our knowledge obtain¢d in the audii or otherwise appears to k matcrially misstated. If we identify such material inconsistencies or apparent material rnis51atewnenls, we are required to determine whether there is a material misstatement in the financial statements or a material misstaiement of the other inforniation. If. based on the work we hav¢ perfom]¢d. we conclud¢ that there is a material misstatement of this other inforniation, we are required to report that fa¢t. We have nothing to report in this regard. 12 REPORT OF THE INDEPENDEwf AUDrroRS TO THE TRUSTEES OF ST. JOSEPIVS SPECIALIST TRUST FOR THE YEAR ENDED 31 AUGUST 2022 Matters on which we are required to report by exception We have nothing to report in resp¢¢i of the following maners in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in OUT opinion: ad¢quat¢ accounting record5 have not been kept by the charity- or 5uificient accounting re¢ords have not been kepi. or th¢ ¢harity financial statements are not in agreement with the accounting records and returns" or we have not received all the inforniation and explanations we require for our audit. Responsibililies of Trustees for the fjllalleial ststemellts As explained more fully in the Trustees, res￿nSIbIlitieS statement set out on page 4 to l O, the Trustees are reswnsible for the preparation of the financial statements and for being Wisfied th￿ they give a true and fair view. and for such internal control as the Trustees delernjine is necessary to enable the preparation of financial statements that are free from material missthiemenL whether due to fraud or error. In preparing the financial statement4 the Trustees are responsible for lsse￿Ing the chartty'5 ability to Continue as a 80in8 ¢on¢¢rn. disclosin& as applicable: matters related to going concern and using the going concern basis of a￿ounting unless the Trustees either intend to liquidate the charity or lo cease operations. or have no realistic alt¢rnative but to do so. Auditor's responsibilities for the audit of the financial s¢a¢ements Our obje¢tiv¢s a￿ lo obtain rcasonable assurance aknut whether the fmancial statements as a whole are f￿e from material misstatemenL whether due to fraud or error. and to issue an auditor's rew)rt that includes our opinion. Reasonable assurance is a high level of assufdnce, but is not a guardntee that an audit conducted in accordance with ISAS (UK) will always detect a material tnisstatement when it exists. Misstatements can arise from fraud or error and ar¢ considered matsrial if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the ba515 of these financial statements. Irregularities. including frnud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect Tnaterial mi55tatements in respect of irregularities, including fraud. The extent to which our pro¢¢dur¢s are wble of detecting irregulariiie& including fraud is detailed below.. Based on our understanding of ihe ¢harity and the environment in which it operate5, we identified that the principal risks of non-complianc¢ with laws and regulations related to Ofsted inspections, health and safety requirements, GDPII employment law and charity law and we considered the cxtent to which non-eomplianee might have a material effect on the financial statements. We also ¢on5idered those laws and regulations that have a direct impact on the preparation of the financial statements such as ihe Charities Act 2011 and payroll tsx. We evaluated management's incentives and opporlunities for fraudulent manipulation of the financial statements (including the risk of override of controls). and defrrniined that the principal risks were related to improper recognition of rev¢nu¢ and management bias in accounting estimates. Audit procedures perfonned by the eng&gement team includ¢d'. Inspecting correspondence with regulators and authorities. Discussions with managem¢nr including considerdtion of known or suspected instances of non•compliance with laws and regulation and fraud. Evaluating managemeni's controls designed to ptEvent and detect irregularities- Identifying and testing journals, in parti¢ular journal eniries postrd with unusual account combinations. >stings by unusual users or wilh unusual descriptions- and Challenging assumption5 and judgements made by management in their cri11￿] a¢¢ounling ¢stimat¢s 13 REPORT OF THE INDEPENDENT AiiDITORS TO THE TRUSTEES OF ST. JOSEPH'S SPECIALIST TRUST FOR THE YEAR ENDED 31 AUGUST 2022 Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularitles, including those leading to a material misstatement in the financial stat¢m¢nts or non-compliance with regulation. This risk increases the more thatcompliance with a law or regulation is removed from the events and transactions reflected in the financial stateTnellts, as we will be les5 likely to be¢ome aware of inthnces of non-compliance. The risk is also greater regarding irregularities occu￿]ng due to fraud rather than error, as frnud involves intentional concealmenl forgery. collusion, omi55ion or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council'5 website at: wwv.frc.org.ukJauditorsresw)nsibilities. This description fornis part of our auditor's Use of our report This reTX)rt is made 501ely to the ¢harity's Trustees. as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audii work has been undertaken so that we might state to the chariws TrU￿e¢S those matters we are required to stat¢ to them in an Auditorfs 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 charity's Trustees as a body for our audit work. for this r¢pN)r( or for the opinions we have forn)ed. l-•L L(-e Haysmacintyre LLP Siaiutory Auditors l O Queen Street Place London EC4R IAG Haysma¢intyre LLP is eligible to act as an auditor in ternis of $￿tion 1212 of the Companies Act 2006 Date: 17 February2023 14 ST. JOSEPH'S SPECIALIST TRUST STATEMENT OF FIIYANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 2(122 2022 21122 2022 2021 Noie Children & Young People Restricied Children & Adult Young Supp(Trrt¢d People Living Unrestricted Unrestricted Total Total INCOME Charitable activities Fees Local Authorities Fees ESFA Sundry income Voluniary income Grants to meet expenditure Donations Other trading activities Rental income 9.884.906 667,843 1.412 ,173,799 11,058,705 667,843 1,412 9,782,821 692,084 15,287 53.829 48,222 96,944 4,974 150,773 53,196 44,839 636.346 135,707 135,707 135.291 Total ineome 102,051 10.656,079 1,309,506 12,067,636 I l.J06.668 EXPENDITURE Raising funds Charitable activities 130.823) (30,823) 129.611) {9,960.990) (1,462,486> (11,423,476) (10,854,327) Total expenditure {9,991.813) 11,462,486) (11,454,299) (10,883.938) Net movtment in fu￿dS 1112,051 664.266 (152.980) 613J37 422,730 Fund balances brought fOn￿d at I Sept¢mber 2021 680,455 16,487,701 1,079,117 18247,273 17,824,543 Fund balances Carried fonv*rd at 31 August 2022 782.5116 17.151.967 926.137 18,860,610 18J47273 There were no recognised gains and losses other than those included in th¢ Statement of Financial Activilies. The accompanying notes fom part of these financial statements. 15 ST. JOSEPH'S SPECIALIST TRUST BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Notes FIXED ASSETS Tangible fixed assers 15.416.959 15,668,570 CURRENT ASSETS Debtors Cash at bank and in hand 502,872 4.116.568 98i.852 2.952.489 4,619,440 (665.551 } 3.936.341 (761,4311 CREDITORS.. Amounts falling due within one year NET CURRENT ASSETS 3,953,889 3,174.910 TOTALASSETS LESS CURRENT LIABILITIES 19.370,848 18,843,480 CREDITORS: Amounts falling due after one year {510.238) {596,207) NET A&SETS 18060,610 18347,273 FUNDS Children & Young People Adult Supported Living 17,151.967 926,137 16.487.701 1,079,117 Unrestricted funds Restri¢t¢d fund5- Children & Young People 18,078,104 782,506 17,566,818 680,455 TOTAL FUNDS 18.860.610 18,247273 The financial statements were approv¢d and authoris¢d for issu¢ by th¢ Truste¢s on 3rd February 2023 and were signed below on its behalf by: aihall Ho Trustee The accompanying notes fomi part of these financial statements. 16 ST. JOSEPH'S SPECIALIST TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Noles Net cash provided by operatlons lJ35.626 2,439,282 Cash flows from Investing Arliyities Purchase of fixed assets {171.547) (934,052) Ne¢ ¢ash {u5¢d inl iDve5ting a¢tivities (171,547) (93<052) Change in cash and eash equivalents in tthe reporting period 1.164.079 I J0$230 Net cash and cash equivalenls ai the beginning of peri(Kl 2.952.489 1.447.259 Net £asb and Cash eqllivalents at end of period 4,116,568 2.952.489 RECONCILIATION OF NET MOVEMENT IN FUNDSTO NET CASH PROVIDED B Y OPERATIONS 2022 2021 Net movement in fund5 Depreciation Decreaselllncrease) in debtors {Decreaseyincrv&se in creditOTS 613.337 423,158 480,980 (181,849) 422,730 487,796 ,159,401 369,355 Net eash provided by operatioths l J35.626 2,439,282 ANALYSIS OF CHANGES IN CASH AND CASH EQUIVALENTS Al 31-Aug-2021 Cash Flows Oiher Changes At 31-Aug-2022 Cash and c&5h equivalenls 2.952,489 1,164.079 4.116.598 Net Cash provided by operations 2.952.489 1.164,079 4,116,S68 17 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02). and the Statement of Recommended Practice applicable to charities preparing th¢ir accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - effectiTre l January 2015. The Trust is a charitable incorporated organisation (charity number: l 177680) registered in England and Wales. The financial slatements have been prepared under the historical cost convention. Going Coneern Having reviewed the funding facilities available to the Tn￿ together with the expected ongoing demand for places and the Trust's fuiure Projected cash flows, the Trustees have a reasonable expectation that the Trust ha5 adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over the Trust's financial viability. When making this asse55menl the Trustees have considered the implications of the continuing COVID-19 pandemic on the financial and operational plans of the Trust and have concluded that there is no current likelihood of any malerial impact. Critical accounting judgements And key sour¢¢s of eslimation un¢¢rtainty In the applTcation of ihe accounting policies, TrU￿eeS are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities ihat are nol readily apparent from other sources. The estitnates and underlying assumptions are based on historical experience and other factors that are considered to be relevanl. Actual results may differ frotn these estimates. Estimates and underlying assumptions a￿ reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. or in the period of the revision and future periods if the revision affected cu￿nt and future periods. Judg¢ments mad¢ by the Trustees. in the application of these accounting policies that hav¢ significant eff¢¢t on th¢ financial stat¢ments and estimates with a significani risk of material adjustment in the next year are deemed lo be in relaiioD 10 the depreciation rates of tangible fixed assets Imd are discussed below. In the view of the Trusiees, no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a tnalerial adjustment to their carrying amounts in the next financial year. Ineome Fees Teceivable and other fees are accounted for in the period in which the service is provided. Fundraising and other income are accounted for when entitlement arises, the amount can be reliably quantified and the economic benefit to the TTh￿ is considered probable. Expenditure Expenditure is accounted for on an accn￿lS basis and are recognised when there is a legal or constructive obligalion to pay for expenditure. All costs have been attributed to the functional categories of resources expended in the Statement of Financial Activities. The Trust is not registered for VAT and accordingly expenditure is included gross of irrecoverable VAT. Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments. 18 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2022 I. ACCOUNTING POLICIES {continued) Tangible r￿ed assets Tangible assets, except the freehold property, are staled ai cost less depreciation. Depreciation is provided on tangible fixed assets other than freehold land. at rates calculated to write off the cost less their estimated residual value of each asset over its expected useful life, as follows: Leasehold building- 2 % to 4(P/o on cost Individual items costing less than £5.000 are nomially written offas an expense on acquisition. Freehold land is not depreciated. Compuier and IT costs of less than £5.000 per item ar¢ expensed through the Income and Expenditure account. Finaneial instruments Basic financial instrum¢nts are initially recognised at transaction value and subsequently measured at amortised with the exception of inv¢stsn¢nts which aTe held at fair value. Financial assets h¢ld amortised cosl comprise eash at bank and in hand, together with trade and other debtors. A specific provision is made for debis for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank a¢¢ounts and used as Working capitsl. Financial liabilities held at amortised cost ¢ompris¢ all ¢r¢ditors except social security and other taxes and provisions. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount pr¢paid n¢t of any trade discounts due. Creditors and provisions Creditors and provisions are Tecognised where the Trust has a present obligation resulting from a past event that will Probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions ar¢ nOM￿llY recognised at their settlement amount after allowing for any trade discounts due. Taxation The Trust is ¢onstitut¢d as a registered charity, and therefore is exempt from direct taxation on its charitable activities. Th¢r¢ w¢r¢ no tax reclaims in the year on gifis and donations received. Provision for major repairs There is an on-golng prograrnme of planned repairs. It is considered that work undertaken each year is sufficient to maintain all buildings in their exisling condition. Pensions The Teachers, Pension Scheme - This scheme is a multi-employer pension scheme. It is not posstble to identify the Trust's share of the underlying assets and liabilities of the Teacher5, Pension Scheme on a consist¢nt and reasonable basis and therefore, as required by FRS102. accounts for the scheme as if it were a defined contribution scheme. The Trust's contributions, which in accordance with the recommendations of the Government Actuary, are charged in the period in which the salaries to which they relate are payable. 19 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2022 The charity also operates defined contributory group personal pension Schemes for non-teaching staff. Operating lease eommitments The Tentals payable under operating leases are charged to the Statement of Financial Activities (SOFA) on a straight line basis over the lease tern]. Fund aeeounting Funds held by the charity are: Unrestrictedfvrtds - these are funds which can be used in accordance ￿7th the charitable objects at the discretion of the Trustees. They are divided between Children and Young People and Adult Supported Living. Restricledfvnds- these are fimds that can only be used for particular restricted putposes within the objects of the charity and are represented by donations in respect of new building works currently in progress. NET INCOME 2022 2021 Net income is stated after eharging Depreciation of owned tangible fixed asseis Auditors, remuneralion- non audit services AuditOTS' remuneralion- audn services 423.158 487,796 i,500 22,000 25.000 ANALYSIS OF TOTAL EXPENDITURE 2022 St*ff Costs 2022 Other Costs 2022 Depreciation 2022 Totfil 2021 Tot*1 Raising funds 30.823 30.823 29,611 Charitable aetivities Teaching Welfare Premises Supw)rt costs Grants 3.396.628 4.268.801 642.130 .197.172 174,861 201.689 299.394 796.396 23247 3.571,489 4.470,490 1.364,682 1.993,568 23.247 3,349,713 3,716,367 1,203,905 2,553,208 31,134 423.158 9.535.554 1,495.587 423,158 11,454,299 10,883,938 Restricted expenditure in the period in relalion to grants received amounied 10 £23,247 (2021: £0). 20 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 21122 PARTICULARS OF EMPLOYEES 2022 21121 No. The average persons employed by the Tn]st during the perioKI wa5: 253 271 Their lotal remE4nerulion wa5.. Wages and salaries Social security costs Other pension costs Other staff ¢osis 6,652.038 660,244 460,103 150,579 7.008.505 634.825 856.635 122.555 7.922.964 1.612.590 .622,520 516.249 Ag¢n¢y staff 9,535.554 9.138.769 The total remunerdtion of key management personnel during the ￿riod was £815,700 (reststed 2021: £793,044). The number of staff with emoluments within the following ranges were.. 2022 No. 2021 £60,001- £70,000 £70.001- £80,000 £80,001- £90,000 £IIM),001-£I10,000 Other pension costs include liability provisions for ihe ￿riod of £49.043 (2021= £334.684). The Trust made no defined benefit pension contributions in the peri￿￿ in r¢spect of the higher paid employees. Terniination payments made in the year were £8,650 (2021: £0). Trustees and Advisers remuneration and reimbursed expenses Trustees do not receive remunerdtion frovn the Charity. No Trusiee had any beneficial int¢rest in any contract with the company during the year. Three Trnstees were reimbursed expenses lotslling £191 (2021: £543) in the period. 21 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMETrITS (continued) FOR THE YEAR ENDED 31 AUGUST 2022 TANGIBLE FIXED ASSETS Lea￿b￿ld premises The premises were acquired from the Trustees of Sacred Heart Sisters of Chigwell Convent on I SeplembeT 1981 at a cost of £425,000 plus furniture and fittings £50,000 (part was sold in 1988 for £69,453). In addition, a house, Springvale, w&s purchased from the SisleTS in September 1986 at a cost of £155,000. The use of the pmperties which are still owned by the RC Diocese of Arundel & Brighton, has been gifted through a 999 year lease with only pep￿rcorn rent payable. School Le8sehold prernises Springvale iusehold prernises Total Cost B¢giT)ning of period Additions Disposa15 16,197,449 171,547 (332.0001 789.637 16,987.086 171,547 (3J2,000) End of year 16.036.996 789.637 16.826.633 Depreciation Beginning of period Charge for the period Disposals .273.396 406.357 (332.OLH)) 45.120 16.801 .318.516 423.158 {332,000) End of year 1.347.753 61.921 1,409,674 Net Book Value As at 31 August 2022 14.689.243 727.716 15.416,959 As at 31 August 2021 14,924,053 744,517 15,668,570 6. DEBTORS 21122 2021 Fee debtors Other debtors 361.446 141.426 932,229 51.623 502.872 983.852 22 ST. JOSEPH?S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENfs (continued) FOR THE YEAR ENDED 31 AUGUST 2022 7. CREDITORS: Amounts falling due within one year 2022 2021 Trade creditors Aceruals Staff costs provision Payroll creditors Other creditors 253,748 121,991 36,926 230260 22,626 327,532 71,6(H) 36,293 244.702 81,304 665,551 761,431 Amounts falling due after one year 2022 2021 Staff cosrs provision 510238 596207 STATEMENT OF FUNDS-CURRENT PERIOD Brought forward ¥4t I September 2021 Carried forward at 31 August 2022 Ineome 2022 Expenditure 2022 Children and Young People Adult Supported Living 16.487.701 .079.117 10.656.079 1.309.506 (9.991.813) 11.462.486) 17.151.967 926.137 Unrestricted funds Restricted funds 17.566.818 680.455 11.965.585 10?.051 (11.454.299) 18,078.104 782.506 Total fimds 18247.273 12,067.636 (11.454299) 18.860,610 23 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENTS (eontinued) FOR THE YEAR ENDED 31 AUGUST 2022 ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT PERIOD Unrestricted funds 2022 Restricted funds 2022 Tothl 2022 Total 2021 Tangible Fixed Assets 14.688,281 728.678 15,416,959 15,668,570 Cllrrenl assets 4.565,612 53,828 4.619.440 3,963,901 CutTent liabilities (665.551) (665,551) (788,991) Non*current liabilities (510238) (510,238) (596207) 18,078.104 782,506 18,860.610 18247.273 10. FINANCIAL INSTRUMENTS 2022 2021 Financial assets ihat are debt instruments measured at amortised c05t 502.872 1,011,412 Financial liabilities me&8ured at amrtised Cost ,175,789 1,385,198 Financial assets include fee and other debtors. Financial liabilities include trade creditors. payroll ¢reditOTS and provisions for staff and overhead costs. 11. FINANCIAL COMMITMENTS At 31 August 2022 there were capital commitrnents of £255k (2021: £nil) 12. OPERATING LEASE COMMITMEiYrs At 31 August 2022 there w¢r¢ opwating lease commitments of an insignificant amount (2021: £nil). 13. PENSION LIABILITIES The Trust were nolified by the Teachers. Pension Scheme in 2019 that they were to challenge the ¢ligibility of two members of staff from ihe inception date of the scheme in 2010. This was accepted with one member who has since retired and a liability provision based on a settlement agreement between the Trust and the member is now in place and included in the accounts. The final d¢¢ision by the TPS for the other member of staff who remains in employment has been referred lo the Pensions Ombudsman. Pending this decision and following an independent valuation. a further liability provision has been includ¢d in tb¢ accounts. The Trust has an unregistered Employer-financed Retirement Benefits Scheme in resp¢ct of a fomier employee whose pension will be administered directly by the Trust. 24 ST. JOSEPH'S SPECIALIST TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2022 14. PENSION COSTS (a) Teachers. Pension Scheme The School participates in the Teachers. Pension Scheme ('Ihe TPS") for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £222.390 (restated 2021: £247,502) and at the year