Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commerdal tOnfldÉn¢e Charity number: 1190556 Company Number: 11740783 CleTvaux Garden School (A Company Llmlted by Guarantee) Trustees. report and financlal statornents For the yaar ended 31 August 2023
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommeYcLIl In ConfidÈnte CLERVAUX GARDEN SCHOOL CONTENTS Page Legal 8nd administrative information Report of the Trustees Independent Auditors Report Statement of Fin8n¢ial Activities 13 Balance Sheet 14 Cash Flow Slalement 15 Notes lo the Financial Statements 16
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CoMnr¢Ial Inthfirt¢e CLERVAUX GARDEN SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION islered office Ruskin Mill. Millbottom, Nailsworth Stroud. Gloucest8rshire GL6 OLA CleNaux Garden Schwl Jolby Lane Croftryon-Tees North YoTkshire DL2 2TF Trustees Helen Kippax Oliver Chaney {rèsigned 18 January 20231 Constantin Court Tara Graltan Com an Secrèla Elisabeth Johnson K8 Mana 8m8nl Personnel Aonghus Gordon OBE- Founder & Executive Chair Tara Gratton- Director of Schools and Rise Shazuli Iqb81- Chief Fin8ncial Officer Constantin Court- DireGlor of PSTE Quality Assurance Lindsay Wilkin50n- Trust Head of Human Resources Auditors Grant Thornton UK LLP 17th Floor 103 Colmore Row Birmingham B3 3AG Bankers Lloyds Bank PIC 12 Row¢roft Slroud Gloucestershir8 GL5 3BD Solicitors RWK Goodman 69 Carter Lane Lonth)n EC4V SEQ
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 C4Jfftmercial in CoTrfWence CLERVAUX GARDEN SCHOOL REPORT OF THE TRUSTEES The Trustees., who are also directors of the charity for the putposgs of the Companies Act2006. present their report with the finBncial stslements of the charity for the year lo 31 August 2023. Govemlng do¢ument Clervaux Garden School is a registered charity Iregislered no. 1190556} and a company limited by guarantee (registered no. 11740783}, as defined by the Companies Act 2006. 11$ Goveming Inslrumgnt is the Memorandum & Articles of Association dated 24th Decembgr 2018, as amended on 20th April 2020. CleNBUX garden School was registered as a charity on the 24th of July 2020. STRUCTURE, GOVERNANCE AND MANAGEMENT Group StructUTe Ruskin Mill Trust Limited is fhe sole member of Clervaux Garden School. Clervaux Garden School is part of the Ruskln Mill Trust Group. Clervaux Garden School sub-18ases from Ruskin Mill Land Trust {related party) the Clow Beck C8ntr& and its surrounding 33 acres of land. and 70 acres of adjoining farmland. for the purposes of delivering Iherapeuiic education and work experience services for chIldn and young people with special needs, both day and residential. The registered Offi of Clervaux Gardan School is Ruskin Mill, Millbottom. Nailsworth. Slroud. GL6 OLA and tha principal office is Clow Beck Centre. Jolby Lane. Croft on Tees. DaingtOn, DL2 2TF. Recrultment and appointment of new Trust¢es Th8 charity's practi regardlng recruitment has been for Members of the Board lo make recomfflendations for suitsbly skllled and experlenced people who are then appraised by Ruskin Mill Trust's Board of Trustees whtch makes the final decision. IndUCtn and training are carried out during the meeting wle. 8nd members are al80 inviled to training at Ruskin Mill Trusvs other centres. During the year. individual Trustees und8rtook a rang6 of appropriate training. OTganlsatlonal Manag¢mont The Irusle8s delegate the day lo day running of th8 provlsion lo a local managernent team who oversee operations, and which reports lo Ruskin Mill Trust's Director of Schools arKI Rlse. The key management personnel are listed on page 2. The trustees dld not recewe any remuneration from Clerv8ux Garden School in the current or prevM)us P8riod. Dlrgctors and Trust••s The Twstees during the period are listed on page 2.
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commer¢lali conlencE CLERVAUX GARDEN SCHOOL OBJECTS AND AIMS Oblecls The tharity's Objects are: To advance the education ofyoung people with18arning difficulties andlor behavioural problems andlor mental health issues andlor having suffered trauma andlor having spe¢ial educational needs including those wilh aulislic spectrum disorder by providing training and educational provision in the 8reas of arts. Crafts, agriculture and environmental sciences based upon the indications and insights of Rudolf Slginer in Ih8S8 ar8as, in particular (but not exclusively) at an independent Special School and Children's Homes. To conduct and promoto rgsearch and study into the practic8 and dèvèlopment of those areas ol eduGion provided that the useful results of such w(k are disseminated lo the publiG at large. Aims Clervaux Garden School offers day and residential places in Darlinglon and the wider ar8a to children and young people wlh complox learning and behavioural difficulties. Using Ruskin Mill Trust's method of Practical Skills Therap8utic Education. children have the opportunity lo learn in the rural setting of the Clow Beck Centre fami at Croft-on-Tee8. which provides sessions in crafts and land work. Cl8tvaux Gardan School provides a nourishing and thorapeulic environment for students who hav8 been failed by prevKTrus educatK)nal eStabshments. Clervaux Garden School has the caFBcity for 25 pupils and has nearly reached capacity. Public bgnaflt In carrying out ils activities in the year under revi8w, thè Trustees confirm that they have Complied with their duty under Section 17 of the Charities A¢1 2011 to have regard to the public benefil guidance 155ued by th8 Charity Commission for England and Wales. STRATEGIC REPORT Achievements & PÈrforman¢e Clarvaux Garden School has continued to Bxperience growth in pupil numb&rs and has high levels of retention. The sènior staff team have successfully led the school through this significant phase of growth and with support from the Dirsctor of Schools and Rise. There has been a strong focus on curriculum development planning and the provision has worked to increase the range of qualifications available to pupils. The school has seen good attendance and an overall reduction in behavioural incidants over the year. The pupils are b6nefSttlng from the work on the land and with the anirnals and enjoying the seasonal changes on the farm and gardens. The-clervaux Knot- contlnues to bè an outstanding way for pupils and staff to discuss CUnt events and develop community. The Trust's Method of Practical Skills Therapeutic Education is d81iv8r8d with the essential national curriculum activities woven in. The pupils take materials from the land and use them to create items of service whilst developing literacy. numeracy. social and practical skills. Financial Revlaw Results Trust value the surplus of £426,537 made during the period to 31 August 202312022= £186,536).
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommerciallThConfidÈnce CLERVAUX GARDEN SCHOOL Fundralslng Fundraising throughout the Ruskin Mill Trust Group Is managed by an in-house Fundraising Departmènt whlch Is led by a Director of Fundraising. No use is made of any exlemal. professional fundraiser or any commercial participator. so no fundraising activities were carried out on Clervaux Garden School's beh8lfduring the year nor were any approaches made lo vuln8r8ble indivKtual$ in pursuit of the raising of funds for tho charity. Clervaux Garden School's parent charity, Ruskin Mill Trust. has signed up to the Fundraising Regulator's Cod8 of Fundraising Practice and fl pays an annual levy to the Regulator. During the year Ihore was no failure to comply with a schema or standard it¢d nor were any complaints received about thè fundraising activities conducted by the Ruskin Mill TnJst_ Money raised by Clervaux Garder¢ School through fundraising activities are used by it as agr8ed whh the donor and compIy wilh any conditions attached by the donor. Reserves The trustees review the charity's financial plans and results regularty throughout thè year. This 15 done through monitoring income and expenditure against budget forecasts and monitoring Cash Ilow. The trustees feel it prudent lo build the level of reserves on an anntjal b8s1s with the purpose of ensuring that th8 charity has sufficient reseNes lo act as a buffer against unexpected drops in income or increases in expenditure. The reserves Currenlty held are reslrided funds £6,666 {2022.. £5.966) and unr8stri¢l8d funds £227.00512022-. £1198,83011. R16ks & UnrtaInlI•S The trusl&es review the risks lo which the charity is expos8d such as thè health and safety of service users. visitors, volunleers and staff on an on-going basis and are satisfied that systems are in place to manage exposure to the major risks. They maintain appropriate levels of insurancè cover for 811 foreseeable TlSks. Spaafic areas of risk and UnrtaInty are.. Financial Viabillty.. ClervaLrA Garden School has shown strong growth over th8 past academic year. with additional growth planned for the 23124 academic year when the school Mll roach capadty. The growth requires infrastructure improvements and capital development, and thè school does not yet have the reserves lo self-fund these developments. Poor Inspoction result: Even though tho school has had a recent inspection, there continues to be a risk of receiving a poor grade. This is being milrgated through a rigorous system of inlemal Qu81iiy Assurants. induding vse of a 8pecialisl external consultant and investment in staff training.
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 cor[la1 inConfident2 CLERVAUX GARDEN SCHOOL Regulatory nonOmplIance". The risk of regulatory non-compliance requi$ constant review and the upskilling of staff and trustees to meet an ever-changing regulatory landscape and studenl profile. Specifically= Keeplng $8rvlc• usèrs safe: The potential rtsks associated with keepg seNice u89r8 across the whole of thè Ruskin Mill Trust Group safe has required continued vigilance and mlligation by robu81 risk assessTn6nl and action plans, assessmenls, 8ppropri81e Ir8ining. the appointment of safeguarding m8n8gers at each of the main centres and improveLI internal meeting and reporting arrangements. The Trust Head of Safeguarding is working effectively with Designated safeguarding 18ads across all siies as w611 as Headteachers and the Directors lo ensure that Èach centre is compliant The Head of Safeguarding is part of the Civil Service and therefore works collaboratively with other key functk)ns including HR, ITIMIS. H&S, and staff training to provid8 high quality support. In addition. a Ruskin Mill Trust Trustee holds Igad responslbllity for maintaining oversight of Safeguarding and Health & Safgty across the Group. GDPR.. A rigorous progFamme of cross-Trusl training conlinu8S to be implemented to Bnsure compliance, 811 overseen by Ruskin Mill Tmsl's Head of Lggal Services. An extemal ogency has been contracted lo deliver training and site audits across the Trust. Charlty Law. To assist compliance with Charity Law, Rusknn Mill Trust's Head of Legal SeNices provides Trustees with regular Charity L8w Updates whlch arè supplemented by advice on further provisions as they come into force. As an example, lo comply with slalutory changes made lo the automatic disqualification rules for charity tnjstees, a new Trustee Eligibility Declardtion procedure is being introdliced. Recrultment of staff: As the school grows, there will ne8d to be recruiifflenl of additional stsff. There are sllll challenges lo recnjiling certain posts, such as support staff. The Trust has employed a team of spgcialisl recrutters lo help mtiigate the rlsk. IT dlsaster: The charity Continues lo monltor 8nd Improve IT cyber security arrangem¥nts to en8ure a robustness and preparedness ft>r any future attacks. Clervaux Garden School benefits from technical avKI MIS servi$ and support provided by Ruskin Mill Trust's central services. Reputatlonal Risk: The risk of reputational hami is being mitigated Ihrough the vigilance of the charity including ongoing monitoring of the Trust's Risk Re9iSter and implemgnling a Code of Conduct and ensuring staff are suilably support8d and trained. Rlsk$ to Ru$kln Mlll Trust Group's Mothod IPSTE}: Vigilance continues to be needed to ensure that the Ruskin Mill Trusl Group's educational fflethod is not compromisBd. Th6 Trust invests in staff training and research lo support the mèthod. Futuio Plans The school has ap18d for M8terfal Change lo increase the number of pupils it can have. This reflects the high level of inleTéSt in the school. There has been significant growth in day pupils. Bishops House in Darfingion has been renovated to provide additional tèaching spgces as well as a shop which will open in the 23124 academic yèar. Addition81 Classioom spaces, in¢luding 2 Shepard's Huts have been CTeat6d on sile. Tha school will continue to str8ngthon th8 curriculum and teaching staff and senior leadors have bgen invited lo join a new specialist training programme, foGusing on speaali5t Steiner Garden School education.
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commercial in Confidence CLERVAUX GARDEN SCHOOL STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees Iwho are also dirèctors of Clervaux Garden School Limited for Ihe purposes of ¢ompany lawl are responsible for preparing the Report of Ihfj Trustees and the Financial Slalements in aecordance with applicable law and United Kingdom Generally Acc8Ptèd Accounting Practice Iunlled Kingdom Accounting Standardsl- Company law requires the Trustee5 to prepare financial statements for each financial year. Under that law the trustees have elected lo prepare the financial statements in accordanca with Unkèd Kingdom Gènèrally Accepted Accounting Practice (Unrted Kingdom Accounting Standards and applicable law), including FRS 102 The FSn8nclal Reporttng Standard applicable in Ihe UK and Republic of Ireland. Under company law the trustee8 must not approve the firbancial statements unlèss they are satisfièd that they give a true ai)d fair view of th6 Stal8 of affairs of the charitable company and of the incoming resources and applicalton of Tesources. including the income and expenditur8. of the charitable company for that period. In preparing these financial stalemenls, the twstees are requiied to= select suitable accounting polictes and then appty them consistenlty.. obsBrve the methods and principles in the ChareS SQRP and FRS 102" mak8 judgmènts and eslimat8s that are reasonable and prudent: stale whether applicable UK acwunting stsndards have been folwed, subject to any material departures disdosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless It is Inapproprlale to presume that the charitable company wlll ConnUe in business. The Iruslees are responsible for keeping adequate accounting rècords that are suffi¢ient lo show and explain the charitable comp8ny'$ transactions. disdose wilh reasonable a¢curaGy at any time the fin8nci81 position of the charitable ¢ompany and 6nable them to ensure that the financial stat8m8nts comply with the Companies Act 2006 and the provisions of th8 charl$ conslitulK)n. Thay are also responsible for safegu8rding the assets of the charity and hence for taking reasonable steps for the pvention and detection of fraud and other iiregularilies. Provlslon of Information to Audltor Eath of the persons who are trusteas 81 the time when this Report of the TNstee$ is approved has confimied IhaL so far as that trustee is aware. there is no relevant audit information of which the charitable company s auditor is unaware- and the Irus16es have taken 811 the steps that they 04Jghl to havo taken as Iruslees in order lo make themselves aware of any releva1 audit information and to estsblish that th8 charitablè company's auditor is aware of that information. Qualifying thlrd party indemnity provision5 Tru5tees' indemnity insurance indemrtrfying each director against liabilkty lo third parties. has been Sn place throughout the yeai onded 31 August 2023 and up to the dat8 of approval of this r8POrt.
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commerciaiin Co¢fiOÈn¢o CLERVAUX GARDEN SCHOOL Auditor The audilor. GrantThomlon UK LLP, will be proposed forreappoinlmenl al the Annual General Meeting. Approved by the trustees on 16 April 2024 and signed on their behalf by= H M Kippax Trustee
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commerdal in Confiden CLERVAUX GARDEN SCHOOL INDEPENDENT AUOITOR'S REPORT TO THE MEMBERS OF CLERVAUX GARDEN SCHOOL We have audited the financial slalemenls of ClèNaux Garden School Ilhe 'charitable company'l for the year ended 31 August 2023, which Comprise the Statement of Finan¢ial Adivities (Nel Income and Expenditure Account}. Ihe Balance Sheet, the Cash Flow Statement And notes lo tha financial stalomonts. including a summary of swJnilicant accounting policies. The financial rewJrtFng framework that has been applied in their preparation is applicable law and United Kingdom Accour)ling Standards illGluding Financial Reporting Standard 102,- The Financial Reporting Standard applicable in the UK and Republrc of Ireland (United Kingdom Generally Accepted Accounting Practi). In our opinion. the fanCial statoments.. give a true and fair vlew of the slate of the charitable companls affairs as al 31 August 2023 and of ils incoming r¢sources and application of resources including, SIS income and expenditure for the year then ended.. have been properfy prepared in accordance with United Kingdom Ggn8rally Accepted Accounting Practice including FRS 102 'The Financisl Reporting Standard applicable in the UK and Republic of Ireland, and the Statement of R8commended Practice= Accounting and Reportlng by Charities, 2019 Edition., and have been prepar8d accordarKe Trmth the requirements of Ihe Companies Act 2006. Basis for opinion We have been appointed as auditor under the Companies Act 2006 and report in ac¢ordanGe with regulallons made under that Act. We conducted oui audit in accordance wilh Inl8mational Standards on Auditing (UK) IISAS {UK)) and applicable law. Our responsibililies under those stsndards are further described in the 'Audilor's responsibililies for the audit of the financAal statements section. of our report. We are independent of thè ch8ritable company in accordance with the ethical r&qLJirèments that are relevanl to our audit of the financial stslements in the UK, including the FRC'S Elhi¢81 Standard, and we have fulfi11gd ovr other ethical responsibilities in accordance wilh these requirements. We believ8 that th8 audit evidence we have obtained is siJffi¢ienl and appropriate to proviile a basis for our opinion. Conclusions relatlng to going concem WÈ are responsible for wn¢luding on the appropriateness of the Iruslees. use of the going corbC8rn basis ol accounting and. based on the audit evidence obtained, whelher a material uncertainty exists lated lo events or Conditions that may cast significant doubt on the ch8ri18ble company's abilrty lo continue as a going concern. If we coneludo that a molerial uncertainty exists. we are required to draw 8llention in our report k) the related disclosures in the fanCIal statements OT, if stjch disclosures are inadequate, to modify the auditorfs opinion. Our conolusions at8 based on Ihe audit evidence obtained up to the date of our report. However. futuro èvents or conditions may caus8 Ihe company lo ceas& lo conttnue as a gr)ing concèrn. In our evaluation of the trustees, conclusions. w@ consid8r8d the inhorent risks associated with the charilabla company's business model including effecis atising from macroec0norC unc8rt8inties such as the cost of living crisis and high inflation, we 8ssessed and challenged the aSOnablee5s of estimate5 made by the trustees and the related disclosures and anatysed how those risks might affed the charitable company's finanaal resources or ability lo continu8 operations over the goin9 concern period. In auditing tho finandal statements. we hav6 concluded that tho trustees. use of the going conc8rn basis of 8c¢ounling In tho preparation of the financlal slatsmenls Is appropriat8. Based on the work we have perfomi¢d, we have not rdentifd arby material uncertainties relating to events or conditions that. indivi(Sually or collÈetivÈly, may cast significant doubt on the Charitsble company's ability to continue as a going concern for a period of al leasl Iwelve months from when the financial statements are authorised for issue.
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commercial in Confidence CLERVAUX GARDEN SCHOOL Our responslbililies and the responsibilities of the directors wlh respect to wing concÉrn are described in the relevant sgGtions of this report. Other infomiation The other information comprises the infomlation Included in the Trustees. Report, other than th8 financial st8t8mènts and our audilorfs report thereon. The Itustees are respK)nsible for th8 0th8r inf¢)rmatson contained within the Trustees. Report. Our opinion on tha financial st8lem8nls does not cover the other inforniation and. 8xc8Pt to the extenl olhetwise explicilly staled in our report, we do not express any fomi of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether the other infomiation is matèrially inconsistènt with the financial stslemonts or our knowledge obtained in th8 audit or otherwise appears to be malerially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are requir@d to detemiine whether there is a material misstal8mBnt in the financial statements themselves. If. based on the work we have performed, w8 condude that the is a material fflisslatsment of this other information, we are reouired to report that facL We have nothing to report in thls regard. Oplnk)n on other matters prescrfbod by the Companles Act 2006 In our opinion, based i)n the work undertaken in the course of the audit.. the information given in thè Strategic Report and the Directors. RepotL prepared for the purposes of company law. induded in the TrLfStees' Report for the financial year for which the finar)cial statements are pr8pared is consistent with the financial stslements. th8 Strategic Report and thè Directors. Report included in Ihe Trustees. Report have en propared In accordance with applicable legal requirements. Matt•r on whl¢h we arn roquired to report under th• Companies Act 2006 In the light of th6 knowledge and understandlng of the charftsble company and its environment obtainad in the course of the audit, w8 have not identified material misstsletnents in the Strategic Report or Ihe Directors. Report induded in the Trustees, Report. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respecl of the following matters In r8lalion to which the Companl8s Act 2006 requires us to r8port to you if, in our opinion.. adequate accounting records have not been kept. or returns adequate our audit have not been r8CgiV8d from branches nol vlsilod by us., or the financial slalements are not in agreement with the accountlng records and r&tums- or certain disclosures of Iruslees, remuneration specified by law arè not mad&; 01 we have nol received all the information and explanations wè requir8 for our audit. Responslbllltles ¢f tru3tee5 As explainèd more fvlly in the Statement of Trustees. Responsibilities, the trustees (who are also the directors of the charilabje company for the purposes of company lawl are responsible for the preparation of the financial stalemenls and for being satisfied that Ihey give a true and fair view, and for such inleinal control as the trustees delervnine is necessary lo enable the preparation olfinan¢tal statements that are free from material misstatement, whether due to fraud or error. In woparing the financial slalements, lh8 Irustees are responsible for assessing the charitable compar)y's ability to continue 8$ a going concem. disclosing. as applicab19. matters related lo golng ncern and using the going concem basis of accounting unless the trustees eith8r intend to Ilquidats Ihe charitsble company or to cease operations. or havg no realistic altemat4ve but to do so. io
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commefdal in Confsrfen¢e CLERVAUX GARDEN SCHOOL Audltorfs rosponsibilities for the audlt of the financial statgm8nts (r objectives are lo obtain reasonable assurance about whether the anCIal stalemenb as a whole are f8 from material misstatement. whether due to fraud or error, and to issue an auditor's report that in¢ludes our oplnion. Reasonable assurance is a high level of assuranc8 bul is not a guarantee Ihal an audli conducted in accordance with ISAS (UKI wll aayS delect a material misstatement when it exists. Misstslements can aiise from fraud or error and are considered material if, individually or in th8 aggre9ate, they could aSOnablY be expected to influence the economic de¢ision8 of user5 taken on the basis ol these financial slatcrnents. Itregul8rities, in¢luding fraud. are instances of noft-¢ompliance with laws and regulations. Thè Èxtent to which our procedures are capabl8 of delecting irregularities, induding fraud, is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable lo the charitable company and the sèctor in whi¢h il operates. We determined that the following laws and Icwlations were mst significant.. The Financial Reporting Standard applicable in the UK and the Republi¢ of Ireland {FRS 1021, Charities SORP {FRS 1021, the Compani88 Act 2006 arNI Charities Act2011: W8 understood h¢)W the charitable company is compiying with these legal and regulatory frameworks by making inquiries of management and Ihose charged with govemanc8. W8 enquired of manageFnellt and those ch2rggd with governance wh81her there were any inslanc8s of non- cornplianGe with laws and regulations, or whether they had any knedge of actual or susp8cled aud. We corroborated the results of our enqulrtes through our review of board ar¢d olher mlnutes and through ourlggal and professional expenses rovlew- We assessèd thé susceptibility of the charitable Gompany's Wnanclal statements lo mateTial misslalement. including how fraud might occur and the risk of material override of controls. Audit procedures performed by the engagement team included: Identty'ng and assessing the design effe¢liveness of certaln controls managem8nl has in place to prevent and detect fraud Challenging assumptions and judgements rnade by martagement in its significant accounting policies Identifying and testing joumal entries. with a focus on manual postings. journals that directly Impacted on the surplus reported in the slaternenl of financial activities and joumal entries 18d in the closing and accounts preparation period Identifying and testing related party transactions Inspecting the board and other committee minutes Assessing the 8xt&nt of compliance with the relevant laws and regulations as part of our procedures on th& rèlated financial statemènt item These audit procedu$ were dgsigned to provide reasonable assurance that the financial statements were free from fraud or error. Thè risk of rsot detecting a material misstslemenl du8 to fraLMI is higher than the risk of not detecting one restjtting from error and detecting irregularities that result from fraud Is Inherently more difficult than detecting Ihose that r8suIt from error. as fraud may involve collusion. deliberate cOnalMent. forgery or intentional miyrepre5entalions. Also. the fLKther removed non-cornplianGe with laws and regulations is from events and transactions refflected in Ihe finallGial statements, the less likely we would become aware of it., Assessment of the appropriateness of the colltive competence and capabilities gf the eryagemenl 18a inGILEded consideration of thé 8ryag8ment team's: understanding of. and practical oxpe¥ience with audit engagements of a similar nature and ¢omplexity through appropriate training and participation kn(Iwledge offh8 charity, èducation and care sector li
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommerClinContiden¢e CLERVAUX GARDEN SCHOOL understanding of the legal and r8gulalory requirements specific to the charilable company induding.. the provisions of the applicable legis181ion guidance issued by the Charities Commission. The team comrnunications in respect of potential non-¢ownpliance with relevant laws and regulations includ8d the polential for fraud in revenue through manipulation of income and managemenl ov&rrid8 of controls., and In assessing the potential Tisks of material misstatement. we obtain8d an understanding of.. the charitable company's operabon8, including the nature of its income and expenditure and its services and of its objectives and strategies lo understsnd th& classès of Ir8nsa¢lions. account balances. expected financial ststemont disclosures and busin8ss risks Ihat may result in risks of material misstatement. th8 charitable CoMpanS control environment. includlng: the policies and prodLFres implemented by the charitablg company lo ensure complian wilh tha requirements of the financial reportlng framework and rel&vant laws and regulations the adequacy of pn>cedur8s for authorisation of transaclion$ and r&vi8w of rnana9emenl accounts procedures to ensure that possibl8 breaches of law8 and regulations are approprlately resolved. A further desctiption of our responsibilities for tha audit of the financial slatemenls is located on the Financial Repotting Council's website al= www.frc.org.ukj8udilorsresponsibililies. This descripllon forms part of our auditor's report. Use of ourroport This roport Ss made solely lo the charitable company's members, as a body. in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to thè charitable company's members ihose matters we are required to state lo them in an audilorfs report and for no other purpose. To the fullest exient permitted by law, we do not a¢p1 or assume responsibility to anyone other than the charitable company the charitable company's members a$ a body, for our audit work, for this rèport, or for the opinions we have fomied. Jim MGLarnon ACA Senior Stalulory Auditor for and on behalf of Grant Thornton UK LLP ststutory Auditor, Chartered A¢countants Birmingham Dale.. 16 April 2024 12
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommerualiDConfidtn¢e CLÈRVAUX GARDEN SCHOOL STATEMENT OF FINANCIAL ACTIVITIES (NET INCOME AND EXPENDITURE ACCOLINT> FOR THE YEAR ENDED 31 AUGUST 2023 Total Funds Total Funds Unr8Strict8d Restrl¢ted Year to 31 Year to 31 Funds Funds August 2023 August 2022 Notss INCOME FROM: Donations 700 700 20,010 Charilablg activities 1,690,913 1.690,913 1.617.186 TOTAL 1,690,913 700 1.691.613 1,637,196 EXPENDITURE ON: Charitablo activities 11,265,078) (1.265.078) {1,450.6601 TOTAL (1,265,078) {1.265.078) (1.450.660) NET INCOME AND MOVEMENT IN FUNDS 425,835 700 426,535 186,536 RECONCILIATION OF FUNDS: Total fund$ brought forward 15 (198,830) 5.966 1192,864) (379,4001 Total funds ¢arried fonvard 15 227,005 6,666 233,671 (192.8641 The notes on pag8s 16 to 27 form part of these financial statements. 13
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commercial In Confidence CLERVAUX GARDEN SCHOOL BALANCE SHEET AS AT 31 AUGUST 2023 REGISTERED COMPANY NUMBER: 11740783 31 August 2023 31 August 2022 FIXED ASSETS: Tanglble assets 10 137.169 106.472 CURRENT ASSETS: Debtors 11 67.438 69,5S8 Cash al bank and in hand 243.105 47.316 310.543 116.874 LIABILlEs.. Credttors falling due wlhin one year 12 {214,0411 {416.210) NET CURRENT ASSETS I (LIABILITIES) 96.502 1299,336) NET ASSETS I ILIABILITIESI 233,671 (192,864} FUNDS Unrestricted funds 227.005 (198.830} Restricted funds 6.666 5.966 16 233.671 {192.8641 Th& ffinancial statements have bean prepared in accordan with the Companies Act 2006. The finarKial Statements were approvéd by the Board of TNstees on 16 April 2024 and were signed on its beh81f by.. H M Kippax Trustee The notes pages 16 10 27 form part of these financial statements 14
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Comm31 In Confldence CLERVAUX GARDEN HOOL CASH FLOW STATEMENT AS AT 31 AUGUST 2023 REGISTERED COMPANY NUMBER: 11740483 Period to 31 August 2023 Perlod to 31 Auyust 2022 Not8 Cash tlow$ from oporating activtties: Nel cash {u5ed inyprovided by tyeraliro activities 17 262.630 12,5111 Cash flows from investing activttle$ Purchase of tangiile fixed assets 166,841) 166,4041 Net cash used In Investing activitias (66.8411 (66.4041 Change In cash and ¢a$h equivalents In tho reportlng perlod 195.789 {68,9151 Cash and cash equivalents at the beginning of the reporting pertod 47.316 116,231 Cash and cash equivalents at Ihe &nd of the reportlng perlod 243.105 47,316 The rtoles on pages 16 to 27 form part of these financial statements 15
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commeraal )COnfidence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2023 ACCOUNTING POLICIES Lègal status of the Charity CleTvaux Garden School was incorporatèd in England Wales as 8 company limited by guarantee Iregislerèd no. 117407831 and has no Sha capital. The liabiltty of members in tha evant of winding up is limited to an amount not oxGegding £10 per mèmber.. the number of members as al 31 August 2023 was three. Clervaux Garden School is also registered as a charity with the Charfty Commlsslon IgiStered no. 1190556). Reglstered and prln¢ipal office The registered office of Clervaux Garden School 1$ Rusktn Mill, Millbottom, Nailsworth. Str(NJd. Gloucestershire. GL6 OL The principal office of Clorvaux Garden School is Jolby Lane, Croft-on-Tees, North Yorkshire, DL2 2TF. Basis of accountlng The financial ststements havo been prepared in accordanc& with Accounting and Reporting by Charities= Statement of R8commanded Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial R8POrting Stsndard appliGable the UK and Republic of Ireland IFRS 102) (effective 1 January 20191- (Charities SORP IFRS 10211 and the Fin8ncial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021- The f¥)anclal statements have been prepar under the hislorical cost convention. The financial slatoments are presented in sterling 1£) which is the functional currenw of the charity. Clervaux Garden School meets the definition of a public benofil enlty under FRS 102. Golng concern The charitable company meets its financing requirement through funding provided by other group companies, and Ruskin Mill Trust Limited. WoTking 8longsid8 Ruskin Mill Trust Limited, robust budgets are set. and thé 8¢lual spend against these budgeis is analysed on a monthly basis by both the Exe¢utive Team and the Boarij of Trustees Finance Sub-comrnittee. The full Board also receives the monthly management accounts and r8vi8WS them on a iwo-nJJnlhly ¢yde. The charitable company is currently negotiating fee increases with k)cal authorities to mltlgale the impact of inflation expenditure. The group. headed by Ruskin Mill Trust Limited. has substantial nel assets. Furthermore, Ruskin Mill Trust Limited has provided 2ssur8nces that group financial supp¢irt will be provided lo Clervaux Garden School as required. There are therefore no rFk8lerial unc6rtainti8s surrounding the going concem status of Clervaux Garden School. 16
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commercal inconfidence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES (CONTINUED) Afler maknng detailed enquiries and taking into account the factors discussed abov8. tho Board is confidenl that the chartiable company has ad8quate scope to continue its opeTalional extslence for the foreseeable future. There are no material uncertainties surrounding going ¢oncem and accordingty the charitable ¢ompany continues to prepare the fiY)ancial statements on a going concèm ba515. Flxed assets and depreclatlon Assots wtth a cost below £500 arè not eapilalis8d. Depreciation is provided at the followlng annual rates in order to write off ea¢h asset ovei its eslimaled usèful lif9= Leasehold propety Equipment 2Yo P8 25% pa depreciated in line with lrfelime of the lease straight line Depreciation is not charged on assets UTMler construction. Incoma Donations aTe credited lo revenue en the charllable company has entitlement to the funds. any performance nditionS altached lo the itemlsl of incom& have been mel, it is probable that the income wll b@ rec8rvad. and the amount can be measured reliabty. Income from charftable and other trading activities is accounted for in the in which the income is eamed. Inveslmenl income Is aceounted for on an accruals basis. Cash and cash equlval•nts The cash and cash equivalents of Clervaux Garden School, GUe[lY comprises of cash in hand. bank deposits and short-lemi deposits net of bank ov8rdrafts. Expendlture All BXPBndilure Is accountsd for on an accruals basis and has been classified under headirwjs that aggregate all costs Talated to the category. Whare costs cannot be directly attribulod to particular headings. they have been allocated to actlvilles on a basls consistent the use of resources. Temilnation payments Termination payments are acwunled for as soon as the t8ritsble company 15 aware of the obligation to mak8 lh8 payment. Pension costs The charitsble company contributes to a defined contsibjlion scheme. Amounts paid in relation to this scheme are charged to the Statement of Financial Activitie5 when they fall due. All pension costs aro allo¢at6d to unroslriGted funds. DebtOTS Short term debtors are initially measured at transaction price, less any impaitmenl. Prepayments are measur8d at th8 amounl prepaid. 17
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commerckil in(fIdence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES {CONTINUEDI ditors Creditors and provisions are recognised where Ihe charity has a present obligation resulting from g past event that will probably résult in the transfer of funds lo a third party and the amount due to settle the obligalioll can be measured or estimated reliaNy. Creditors and provisions are COgnised al their settlémÉnt amount after allowin9 for any trade discounts due. Funds Unrestricted funds can b8 usèd in a¢cordan¢8 with thg charitable objectives al the dfscrellon of the TNstees. R8strictad funds can only bo used for particular restricted purposes WSthin the objects of the charity- Restrictions arise when spe¢lfl6d by the donor or when funds are raised for particular resliicted PUTPOSes. Further explanation of tho nature and purpose of each fund is included in note 15 of these financial slatem8nls. Flnancial Instrumtnts Clervaux Garden School only has financial assets and fmancial liabilities of a kirKI that qualify as basic financial inslrutnents. Basic financial instruments are iniltally reco9nisgd at transaction value and subsaquantly measured at their settlement value. Please $8e note 14. Significant esllmates and judgém$nts Estwnates and judgements are ¢ontinually evaluated and 8re based on hislortcal experience and other factors. including gxpectstlons of future events that are believed lo be reasonable under the clr(yJmstanc8S. The items In the flnandal ststements where thes? eslimates and judgeTnents have been made indude the following: Usoful È¢onoml¢ Ilvè$ of tangible a$$ot$ The annual depreciation charges for the tangible assets are sensitlV8 lo changes in the estimated useful 8conomi¢ lives and residual values of the assels. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to rell6ct cuyrenl eslimales, based on economic utilisation and thè physi¢1 condition of the assets. Impaim)ènt of debtors .Clervaux Garden School makes an estimate of the recoverable value of trade and other debtors. When assessing impaimignt of fee and other debtors. management consid8rs factors induding the ¢urr8nl edit Taling of the debtor. th8 ag&lng profile of debtors and historical experien. Operatlng18a$as Rentals opplicable to operating leases wher8 substantially all the benefits and risks of ownership remain with the lessor ar8 chargéd to the Statement of Financial Activities on a slraight-line basis over the term of the le8se. Lease incenlives a rE¢lnIsed over the lrfe of the lease on a straight-linè basis as o reduction lo the expense. 18
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommLYc471 in Confidence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES (CONTINUED) Taxatlon Thg company is a registered charty and as such is entioed lo tax exemption on all its income and gains, pmpèrly applied for ils Charitable purposes. Statement of flnanclal activities for the year to 31.08.2022 Total Funds Unr•strlctsd R05trlcted Year to 31 Funds Funds August 2022 Notos INCOME FROM: Donations 20.010 20.010 Charitable activities 1.617.186 1,617,186 TOTAL INCOME 1.617.186 20.010 1.637.196 EXPENDITURE ON: Charitable activities (1.435.416) 115.244) 11,450.660) TOTAL EXPENDITURE 11,435,416> {15,244} {1.450,660) NET INCOME AND MOVEMENT IN FUNDS f 81,770 4,766 186,536 RECONCILIATION OF FUNDS Total funds brought forward 15 {380.600) 1,200 {379.400} Total funds carrled forward 16 (198.830) 5,96fj (192.8641 19
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Comrnefckil ITh Cnfidee CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Income Year to 31 Yearlo31 August 2023 August 2022 Donation income 700 20.010 Charitable aclMti8s'. Fees 1,690,913 1.617,188 TOTAL INCOME 1691.613 1.637.196 Expendituro Direct Costs (Notg 51 Support Costs Year to 31 Yearto 31 (Note 61 August 2023 August 2022 Charitable ath'viti6s'. Provision of educational SBryices 987.700 277,378 1,265,078 1.450.660 TOTAL EXPENDITURE 987 700 277 378 1.265.07B 1,450,660 Direct Costs of charltablg activities Year to 31 Y8ar to 31 August August 2023 2022 Stsff costs Independent workers Training and welfare Household costs Motor and transport Governance 735.468 182.140 11.251 27.949 27,715 797.904 374,153 17,826 71.751 32.924 3.699 1.298.257 987.700 20
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 COrrffjeal intonfidencc CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Support costs Total Year to Depreclatlon 31 August 2023 Flnan¢9 Other Provision of education Sgrvlces 241,234 36,144 277,378 Total Year to 31 Augusl 2022 PTovisiDn of education services 130.516 21.887 152.403 Nat ineomé Yearto 31 Yearlo 31 August August 2023 2022 Net Income is stated after. charging.. Audilorfs Temuneration for the provision ol: statutory 2udil Operating lease payments Depreciation - owned assets 8.750 18.600 36,144 7.500 18.400 21.887 Staff costs Yèarto 31 August 2023 Year lo 31 Augusl 2022 Stsff Costs: Wages and Salaries Social securtty costs Pension costs 663,882 58,139 13.447 703,087 80,458 14,359 735.468 797.904 The monthly average headcount number of empk)yees during period was es frAk)ws'. Y•ar to 31 Ye8r to 31 Augu8t August 2023 2022 No No Care, support and admlnlstralion Managemént 26 30 30 33 21
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommerclIn CDnfidence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 staff costs {continu8d) The numbers of employees earning in excess of £60,000 (excluding efflployer Nl and pension costs) were-. Yearto 31 August2023 No. Yearto 31 August 2022 No. £60,001- £70,000 No key management personnel received remuneration in the current or previous period. Trustges. r8mun8r8tlon and benefits No Trustees rec6ived remuneration in the current or prevtous period. No Trustee expenses wer8 reimbursed in the current or pravious period. 10. Tanglble flxed assets Lga$ehold Equlpm¢nt Flxtures Property and Fltdngs Motor Vehlcles Assèts in ¢our58 of construetron Totals Cost- Al 31 August 2022 Addilions Transfers At 31 August 2023 6d,948 5.010 38.719 108677 72.834 23.112 1.049 18.923 157.754 66,841 38.719 38.719 95,946 18.923 224 $95 Depreclatlon: At 31 August 2022 Charge for the year At 31 August 2023 34.285 8,598 19,605 28,203 131 262 393 8.268 51,282 Nèt Book Value: At 31 August 2023 61.096 656 137,169 At I S8Pt8mb8r 2022 30.663 64.236 918 10.655 106.472 22
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CommÈrdal lThConftdence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 11. Debtor5- amounts falling dua withln ono yaar 31 August 2023 31 August 2022 Trade Debtors Amounts due from group undertakings Prepayments Other Debtors 6.970 50.000 1,899 8,569 60,067 1.809 7.682 69.558 12. Crodilor$: Amounts falling due withln one year 31 August 31 August 2023 2022 Trad8 creditors Other ¢reditors Amounts owed to group undèrtaking Social se¢urity and other taxes Accruals and deferred InMe 7.112 47.350 120 33.530 125.929 214,041 48,597 325,537 35.015 7,061 416,210 Oéf•rr•d Income - fees re¢elvod in advance 31 August 2023 31 August 2022 Amounts brought forward Amounts received during the year Amounts utillsed durtng Ihe year Amounts Carried forward 41.623 1.517,124 1,558,747 1.807.116 1.682,243 124.873 13. Operating asÈ commltments At the year end the charitable company had total commitments due under non-cancellable operating leases. for land and buildings, as sel out below.. Year to 31 Yearto31 August 2023 August 2022 Operating Lease cornmitments du8: wrthin l year 18,600 18.600 18,60Q 23
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Cornmercial in Confidence CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 14. Financial instrument$ 31 August 2023 31 August 2022 Flnanclal assets measured al settlernenl value Financial liabilities Tneasured at settlement value 308,646 133,161 115,065 381,194 Financial assets measured al settlement value comprise cash, trade debtors, Other debtors and amounts due from group undertakings. 15. Re¢onci15atlon of movomgnt In funds Fund movemants - 2023 At31 August 2022 At31 Ineoma Expendlture August 2023 Unrestrlcted fund$: General fund 1198.830) 1,690,913 (1.265.078) 227.005 RestrlGted funds: Bike storag& 600 600 Bio-Bidet 700 700 Green vehicle 5.000 sooo Other fijnds 366 366 5.966 700 6.666 TOTAL (192.884) 1,691.613 (1.265,0781 233,671 A £200 donatic was received from Apkil Foundation and a £400 donation was received from Warburton's Communtty Grant towards the bike storage project. ALA Green Charitable Trust havo donated £5,000 towards the purchase of a green vahicle at Clgrvaux Garden School. Other funds indude the balance of a donation from Tesco Community FurKI towards developments al Clervaux Garden School. A donation of £700 was received from Hargreaves Sèrvic8s for th8 Bio-Bidet that is to be irjstalled al the school. 24
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 commorti#l ID coTrfidert¢e CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 15. Reconclllatlon of movement In fvnds Icontinuedl Fund movemants - 2022 At 31 August 2021 At 31 August 2022 Income Expendtture Unrestricted funds General furKI (380,600) 1,617.186 (1,435,416) (198,8301 Restricted funds Bike storage 200 400 600 Shaphard's Hut 14,610 114.6101 Green vehide 5.000 5,000 Other funds 1,000 {6341 366 1,000 20,010 {15,2441 5.966 TOTAL 1379,4001 1,637,196 11.450,6601 (192.864) 25
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 Commerthal in cOnfen CLERVAUX GARDEN SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 16. Analy$l$ of net a$s¢ts bfjtweon fund$ Flxed Assets Net Current Llabllltles Fund Balance 2023 Unre51ricted fvnds Reslricled Funds 137,169 89.836 6,666 227.OOS 6,666 137,169 96,502 233.671 2022 Unrestricted Funds Restricted Funds 106,472 (305,302} 5,966 {198,8301 5.966 106.472 {299,3361 (192,8641 17. Cash flows from oporating activitios Year to 31 Year to 31 August August 2023 2022 Net movement In funds Depreclallon 426,537 186.536 21,887 36,144 2,119 202,170 262,630 Increase in d8btors {Oe¢reaseyincrease in credilDrs Not cash provided by oporating actlvltles {25.366) 185.568 2.511 18. Ultimatè parent company and controlllng party Ruskin Mill TTUSt Limtted Iregi51ered in England and Wales., company number.. 07252866 and charily numbet.. 1137167) is thè sol8 member and controlling party of Clervaux Garden School. The objects of Ruskin Mill Trust Limited include the a¢Jvancemenl of Ihe education of young p80plp with leaming difficulties andl or behavioral problems or special educational needs- lh8 promotK)n of research into the practice and devttlopwnenl of th080 areas of education- and the promotion of Rudolf Steiner educalion estsblishmenls. The charitsble company run5 slx specSal educalk)nal needs s¢hoolslcolleges. A copy of their financial statements can be obtained from the Registrar of Companies. Companies House, Crown Way. Cardtrr. CF14 3UZ. 26
Docusign En¥ÈlopÈ ID". 83222517-EAFD-4C6C-AFBC-936A493FEC76 CornrnerifaliC0nfIden¢t CLERVAUX GARDEN SCHOOL 19. Related parties 2023 transa¢tM)ns and year-end balance between subsidiaries and parent MpanY Ruskin Mill Trust Donation idto arer71 50,000 Trade debtor amounts due from subsidiary 50.000 Trade creditor amounts dua to subsidiary Clervaux TTU81 1120) 2022 tsansacllons and year-end balance belween subsidiaries and parent company Ruskin Mill Trust Cl8rvaux Trust Donation pa.id to parenl Trade debior amounts due from subsidiary Trade creditor amounts due lo subsidiary 1325.5371 27