REGISTERED COMPANY IIUMBER: 01757474 (England and Wales) REGI￿ERED CHAR￿ NUMBER.. 288148 REPORTOF ThE TRUSTEES AND CONSOIIOATED FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 5TCATHERINE'S- SPEECH A14D LANGUAGE Bright Brown Limited Chartered Accountants Statutory Auditor Exchange House si. Cross Lane Newport Isle of Wi8ht P030 5BZ 'AE3LX5111* 2wosr2025 COMPANIES NOUSE A18 #217 ST CATHERINE'S- SPEECH AND LANGUAGE CONTENTS OF TrIE FINANOAL STATEMEIITS FOR THE YEAR ENDED 31 AUGUST 2023 Page Report of the Trustees Ito8 Report of the Indepèndent Auditors 9toll Consolklated Ststernent of Flnancial Arti¥ili 12 Consolldated Balance 5he41 13 Parent Statement of Flnawial Activit*s 14 Parent Balance Sheet 15 ConscAklattd Cash Flow Statement 16 Notes to ihe Consolidaied Cash Flow Statement 17 Parent Cash Flow Statemen¢ 18 Notes to the Parent Cash Flow Statement 19 Notes to the Finan¢ial Statements 20to37 Oetalled Statement of Flnanclal Acti¥lt*s 38to40 ST CATHERINE'S- SPEECH AND LANGUAGE REPORT OF THE TIIVSTEES FOR THE YEAR ENDED 31 AUGUST2024 The trustees who are also directors of the charity the group for the purkV)ses of ihe Companies Att 2006. p￿sent their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accguntirbg and Reportin8 by Charities: Staternent of Recommended Prattice applicable to charities preparing their accounts in aCcorda￿e with the Financial Reporting Standard appI￿able in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJEcllvES AND AcnvmES ot¥ectives and aims The relief of sicknes5, poverty, hardship and distress. arnor¥ chihlren. youre people, their familie5 ond other persons who are Socially emclutled from society as a ￿$￿tt of their speech. laftguage and communication needs. by.. providing a range of service5 which include advancinz their education through the runnin8 of a residential special school ènd sixth form centre. vocational iraining. integrated therapy. outreach seTrice5 and a¢fvKe and supwrt to parent5 and families.. and raisin8 public awarenes5 of the iswes affecting chihjren. young people and their families and others with speffh, language and communication needs. Oblerti¥es- St Catherine'5-Spee¢h and LanAuaKe forAduks •nd Your* Adults The objects of the Charity are the relief of sickness, poverty. harL15hip and distress amon8 young adults and adults who a socially excluded from society as a result of their speech. language and comrnunication needs. in particular bv.. lal providing edUCat￿n, vocational trainin& iniegrated iherapy. outreach services. advKe, sUPPOrt and care.. Ibl raising public awarene55 of the issw affectin8 those with speech. languèie and communication needs. Public beneftt The ￿8rd of Trustees undefStand5 the requirernents as set out in Section 17151 of the Charities Act 2011 and takes the view that St Catherine's completely satisfies all gUIda￿e isstsed by ihe Chèrity Commission with regard to public benefit. ACHIEVEME14T AND PERFORMANCE Charltable actlvltles Introdu¢iion Si Catherine'5 is a national charity workin8 Wlth children and young people with severe and lifelong speech, lar¢guaBe and communication needs and a range of associated issues including autistic spectrum condity"ons. dvspraxba and dyslexia. Our aim 15 to Support and enable our children and young people to achieve more than they ever thought possible. To this end, our centre in the heart of Ventnor on ihe Isle of Wight pro¥￿es.. 5peciolist education through a school and 5ixih form colle8e.' ¢ntensi¥e speech and language therapyaftd occupational thefapy which is integrated into rhetuff￿vI￿rn- residential eare provision. which supports St Catherine's to deliver a waking day curricvlurn., life-relevant skills and opportunities to develop social inieraciion to prepare Yo￿& people for their transition to more indepenLYeni adulthood.. St Catheftne's Post 19 Provtsioft a specialist Post 16 Institut￿ delivering a railored servtce of education, therapy. residential accommodation and 5UPPOrt to develop independe￿e ski11s- and out-of-school activrties. Page I ST CATHERINE'S- SPEECH AND LANGUAGE REPORTOF THE TRUSTEES FOR THÉ YEAR ENOED 31 AUGUST2024 Our approach.. 5UPPOrt5 effective learning- builds confidence and 5eff-e5teem- and reinforces the imkX)rtance of providing wide-rarvdire personal development opportunities. Performance re¥lew f¢x the perfod 1st Septemb¢r 2023 to 31st A￿USt 2024 Our Strategic Aims for 2022-2027 The aim of the trustees is for St Catherine's to be the place of th0￿e for ihe education of young people with speech. language and communication need5. Underpinningour strateÈic aim are the four pillars of- Saf¢8uardlng An ab501vte foundation for the school whL¥e the emphasis has been and continues to be delivering a safe, stspportive and Secure learning environment for staff. pupils, parents visitor5 to the school. A place Whe￿ all staff are vlgilant and confident in dealifig with all safeguarding issues. Therapy and Care Enabling a culture to thrive where the welfare of the yourvd person is ai the centre of all that we do and is ambitious for the pro8re$5 of every siudent. A place that is homety. Safe. %Èture and comfortable. where physical. emotionèl. sc&ial and mental health needs are met and life opportunities are enhanced. Resource5 An ongoing commitment to rnaintain a sustainable fiThaTrck)I posil￿n through prudent management of the school's resources and finances ané plannin8 for the long-term. P•op Recruiting, developinz and retainin8 talented stafl who share 0vrvls￿￿. St Catherinrfs School and Coley Each gf our students has complex special edvcat*Jnal needs and each has hislher own indi¥idualised eduCat￿n81 and residential programme integrating high quality leamin& speech, language and occupational therapy and life-relevant skills. Our students eomÈ from across the UK as well as from the Isle ol WiBht. Demand withih our school and colle8e provision rernains high and this year our student numbers reached our rnèximum capacity of 94. In February 2024. we had a 3-day Of5ted edLKation and so¢Yal care in$pett￿n for our school and college. We were delighted with ihe results of the inspection, which saw our social care provisK*n continue to be rated as OulStandin8 and our education element graded Good. Hi8hli8hts from the report include.. "Pupi15 flourish at this school due to the strDng emphasrs on developin8 their communication skills and the w3V that they intÈract with others. Staff at the sch¢)ol are ambitious for each pupil, cefusiTrg ￿ pkce barriers on what they can achiève." e therapeutic and health team provides expert guidance and support to ensure that Pratt￿e is well informed and makES posilive difference to students. lsves.- Page 2 STCATHE RINf5- SPEECH AND LANGUAGE REPORT OF THE TRUSfEES FOR THE YEAR ENDED 31 AUGUST2024 e school's curriculurn and assessment systems have been (arefulty conSide￿d to celebrate each step forward that pupils make and identrfy any significant barriers. Thbs aPPr￿h is particukrfy well developed in relation to pupils. speech and communication. where the 5chcx)l excels." -Parents value and praise the qualily of CO￿ an¢J attention that staff give to re$￿entIal students. One parent said.. 'They are amazin& always so receptive. l am realty impressed with ihe ar￿￿Trt of comrnvnKaiion. Everyone know5 the child￿n really well. They are doing everything right.- We continue to de¥elop our school and cdlege to best meet the need5 of our 5tudeThts, particular￿ in terms of transition froffl St Catherine's. With this in mind, in Septernber 2024. we recruited a Job Coach to SUPkH)rt our students at work experience. as well 35 tts strengthen ￿r connettion with local businesses. This position has proved successful in terms of de¥elopin8 work experience opportun￿ties. As well as ensuring we have the rieht staff to meet the needs of our students. we are undertaking a sienificant pvoject to irnprove and refurbish our buildin85. In the year 2023124. we spent over £lm on this project and we plan to spend a significant amount on builéings during theC1￿m8 financTral year. Post 19 Our Post 19 provision continues to provide much.needed residential supFort. speech and language therapy and occupational therapy for students aged 19 to 25 with speech, language and communication needs. In total. during 2023124. 14 students benefited from the proYi5Kin.' all of these youn6 at%ults are ￿ld￿n(la1 students livin8 in accommodation provided by St Catherine's and attending further educatK)n courses at ixal colle8e provis￿. The Post 19 Provision is inspected twice-yeady by the National Youth Advw3cy Service and receNes positive feedback. Nighlighrs from NYAS in5peuions include: oun8 people are supported in o stren8ths4)ased way at these hOrr￿- staff think abwt the individual's interests and wishes and they are supported to pursue tbese.- The￿ is a real team approach from the Aaff. the manatement and thetheraJ)v team to enable each individual to progress.- C¢mmunity Aaivities St Catherine's supports rts local comrnunity in a nurnber of ways. It provides grant-funded holiday club5, vjhich a￿ open to youn8 people with additional needs. as well as 8iving acce5S to its Sports facilities to the I￿al football team. FINANCIALREVIEW Flnan¢lal Poslllo Total Incorne for the year to 31 August 2024 wa5 É5.n6.219 12023.. £4.949.7￿> and toial expenditure in the year was £5,423,91712023.. E4.760.0041- Total assets as at 31 Au8USt 2024 were £6.232.64012023.. £5.935.7321 and totsl lièbilitses were £2.li￿.840(2O23.. £2.166,2331 Page 3 ST CATHERINE'S- SPEECH AND LANGUAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 FINAfr4CIAL REVIEW- contlnued The Charity reports an overall Sur￿￿$ fL>r year. belore other retognised gains and losses, of £362.302 12023. £189.7861. A surplus of £241.414 12023_. £117.7531 w05 from unrestr￿e￿ funds and a surplus of £,120,888 12023.. £72.0331 was from restritted funds. Transfers of £83.47712023: £84.2251 were rnade during the period a5 detailed In the notes to the financial stattments. Toral funds to carry forward at 31 August 2024 We￿ £4.938,801 12023.. £4,368.4991 of which £4.825.745 12023.. E4,292.8541 were unrestricted funds and £113.056 12023.. E75.6451 were restritted funds. Des4nated funds wirhin nrestritted funds amounted to £4.585.13012023.. £3.546.4771. Details of desvdnated funds are intluded in note 19. ension defl¢lt The charity has been re admitted into the IOW Council Pension Fund and the audited atcounts have been updated to show a pension scheme surplus of £807.LXN)12023.. E599.0(￿lI follo￿￿& an attuarial gain on defined benefrt schernes of £208.C￿oI2o23: £596,(￿￿) in the 12 rrKJnths to 31 AuKust 2024. Fundraising The charity or8anise5 a number of rt$ own fundraisin8 events or SUPPLKts third-parry organisers, bui ￿>th have been limited by the pandemic. No professional fuThdraisin8 organIsat￿$, agenry or commercial participator has been or will be employed. as a matterof Current polo. The Charity is registered with the Fundraising Regulator and conforms to its Code of Standard5. It also complies with guidelines publi5he¢J by the Charity Commission and the Institute of Fundraisifftg. The Charity monitors fun(Iraising on tts behalf by attendance at events. or w•here public collecrion5 are being made, by identify checks on collectors. 155uing clear guidelines on practices and instructions for remitting funds, and 15suing letters and badges of identification with contatt details for the char￿. No complaints regarding fundrai51n8 were received during the year. Re5eNes poll In it5 financial plannin8 Jnd exec￿10￿. St C•therinÈ'% trustees aim to prepa￿ ènd del￿er an annual budget with a surplus of at least 2% of total irKorne to conlribLrte towart15 the aim of building re5erve5 equating to term'5 operatin8 costs. The chariws audited accounts forthe year endin8 31 August 2024 s￿)w. an operatKJnal unrestridetl year end surplus C+f £241.414 leouivalent to +4.4% of total income).. and free reseThes of £240,615 which represents 15.J%of i tem's optoting costs of £1.586.668 A5 part of the charity's overall risk management strategy. trustees will continue to monitor closefy the 8eneral ￿ServeS, fund with a view to achievinz a position equivalent to one term's operating costs. including reviewing asset5 currently hel with a view to converting surplus 355eis into cash resour￿. Paze4 ST CATHERINE'S- SPEÉOIAND LANGUAGE REPORTOF THE TRUSTEES FOR Thf YEAR ENDE D 31 AUGUST2024 SUbSIDIARY UNTERTAKINGS The charity has a subsidiary. bèin& St Catherings- Speech and LanguaBe for youn8 advlt5 and adults Ltd, whKh is linked by a uniting direetion under $96 Of the Charities Att and the results of the linked charity have been aggregaied with the reporting charity following best practice 35 down in the Statement of Recommended PraCt￿e -Accounts and Reporting by Charities ISORP 20191 issued in Ottober 2019. STRucfuRE, GIMRNANCE AND MANAGEMENT Governlng document The charity is controlled by tts gDveminÈ dotument, a deed of trust. and constitutes a limited company. limited bv guarantee, as defined by the Companie5 Aa 2006. Reeruitmont and appointment of new trusteès Trustees are ￿crUited openly and Ihrou8h recomirendation from appoifttin8 bodies and thmu8h parentlfamily presentation. In addition to thi5 the board has two stsff eletted goverThys. The appointire IKsdies are as follows.. -The 8i5hop of Portsmovth -The Port5rn0Uth Oicce5an Education Committee - The Isle of Wight Local Authority - Thelsle of Wight College Eletted trustees are. after nomination. eletted by majority Vote. Staff governors are nominated, Seconded and needed) voted for by the staff body. Parent SO￿n01$/Ir￿$tees are parents of children either at. or recent￿ at. St Catherine's. The day to day management of the charrty is ihe responsi￿"1￿￿ of the prirKipal. The Pay Committee has ￿SponsIbl11ty for setting ihe remvneratAw of Key management pewnnel in lifte with industry 5tandaré5. Indudion and irainir4 of newtru#ees All new trustees and governors receive induction trainine anLI training dull￿ the year Dn the work of the Charity and on specift issues. Some of this training is combined ￿th staff training. STrUCTUAE. GOVERNANCEAND MANAGEMENT Risk Management The trustee5 have a risk malla8em*nt stTate8y which comwises: Regular reviews of the risks the Charity may face.. The estsbli5hment of systems and prLKedures to rnit￿te those risk5 thntified in the review5- and The implemeniation of procedure5 designed to minimise ary ￿tential impatt on the Charity, should those risks terkilise. Page 5 ST CATHERINES- SPf ECH ANO LANGUAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 REFERENCE AND ADMINtsTRA￿vE DETAILS Re￿stered Company nufflber St Catherine's-speech and Language- 01757474 (England and Wales) St Catherine's- Speech arbd Language for Adults and Young Adults- 12675770 Register￿ Charfty number St Catherine'5- Speech and LanguaÈe-288148 St Catheiine's- Speech and Language for Adults and Youn8Adults- 288148-2 Re8lstèrÈd offi Grove Road Ventnor Isle ol Wight P038 1 Trust• Danny Camiiehael Roger Rickman Henry 8lacksell Susan Churches Dudley Oelannoy Pete Elliolt Anthony Flower Martyn Heathef Hayley Jarvis Michael Loftus Sarah Loftus John Mettalfe Graham Pengelly Mark Rhodes Caroline Weeks Appointed October 2023 Appointed November 2024 Appointed February 2024 Resigned 30 September 2024 Resigned De￿rnber 2023 Resi8ned May 2024 St•flAppolnted Go¥ernoffs Wictoria Middleton Katy Kidd Resigned Marth 2024 Appointed March 2024 Parent Go¥ernor Karl Hunter Appointed October 2023 Page 6 ST CATHÉRINE'S- SKECH AND LANGUAGE REPORT OF THETRUSTEES FOR THE YEAR EP4DED 31 AUGUST2024 Senlor Managernent Team Sarah Thompson Jenn Walker V￿Or￿ Middleton- resigned March 2024 Katherine Ctstton-apN)inted Mardb 2024 Nes Fradtlev Jg Ellh?tt Tom Evans Wice Principal Head of Care Head of School Head of Sixth Form Head ol Occupational Ther3pv Head Of Speech and Language Therapy Xayleigh Sparke5- resi8ned February 2024 Hannah Miles- aPFointed Febry￿ry 2024 Zoejanvrin Susan Grnve5 Head of FIr￿nCe Marketing and Fundrabslng Manager Company St¢rttary Zoejanvrin Auditors Bright 8rown Limited Chartered Accountants Stètutory Auditor Exchan8e House St. Cr05s Lane Newport Isle of Wight P030 58Z Page 7 ST CATHERINE'S. SPEECH AND LANGUAGE REPORT OF THE TRUSTEES FOR THÉ YEAR ENOED 31 AUGUST2024 STATEMENTOF TRUSTEES. RESPON￿BIL￿E5 The trustees Iwho are also the éirettors of 5t Catherine's speech and Language for the purpose5 of company lawl are sponsible lor preparing the Report of the Trusiees and the financial statements in accordance with applicablt law and Unite(l King(ltsm Accountithg Standards (United Kingdom Generalfy Accepted Accounting Practice). Company law requires the trustees to prepare financial yatements for each financial year wh￿h give a true and fair view of the state of affairs of the charitsble company and of the incornin8 resource5 and application of resources, includin& the income and expenditure. of the charitable compary for that period. In weparing those finarKial statemenis. the trustee5 are required to Select 5Ultable accountin¥ policies and then applythem consistentlyt observe the rnethod5 and principles in the Charity SORP: make judgements and estimates that aTe ieasonable and prudent.. prepare the financk)15tatements on the eoing concern basis unle5$ it is inapproprsate to presume that the charitable company will continue in business. The trusiees are ￿sponsible for keeping proper accounting records which disck)se with reasonable accurary at any time the financial wsition of the charitable company and io enable Ihem to ensure thai the financial staternenis comply with the Companies Act 2006. They are also resp)n5ible for safeguarding the assets of the charitable tompany and hence lor taking reasonable step5 forthe prevention and tjetedion of fraud other Irregularit￿5. In so far as the trustees a￿ aware.. the￿ is no relevant audtt information of which ihe charitab￿ company's auditors are unaware.. and thE trustees have taken all steps that they ought to have taken to make themsefves aware of any ￿l￿ant audit information and ￿ establish that the auditors are aware of that information. AUDITORS The auditors. 8ri8hi Brown Limited. will be proposed forre-appointment at the forthcoming Annual General Meeting. This report has been p￿pared in a￿ordanCe with the special pro¥isK)ns of Part IS of the Companie5 Act 2006 relating to small companies. Approved by order of the iK)ard of trustee5 on 22 May 2025 and 5i8ned on its behalf by-. Graharn Pengelly- Trus Page 8 REPORT OF THE INDEPENDENT AuorroRSTO THE MEMBERS OF sr CATHERINE'S- SPf ECH AND LANGUAGE Oplnlon We have audited the financial statements of St Catherine's - Speech And Language (the 'parÈnt charitable companv'l and lis subsidiary (the 'charit3ble group'l for the yèar ended 31 August 2024 which comprise the consolidated and parent Statement of Financial Activities. the consolidated and parent Balance Sheet. the consolidated and parent Cash Flow Statements and notes to the finantial staiements. including a summary of significant accounting policies. The financial reporting framework that has been ap￿led in thÈir preparation is applicable law and Unrted Kingdom In our opinion the financial statement5: give a true and fair view of the state of the group's and parent charitsble company's affaiis as ai 31 August 2024 and of the group and pareni incoming resources and application of resource5, including its incomè and expenditure. for United Kingdom Generally Accepted Accountin8 prarti￿.. and have been prepared in accordancÈ with thÈ reqvirements of the Companies Aci 2[￿. 8asls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Oyr re5ponsibilitie5 under those standards are hjrther described in the Auditors. re5pon5ibilities for ihe audit of the group and parent financial statemenis section of our report. We are iThJependeni of the group and parent charitsble cornpany in accordance with the Èthical requirements ihat are relevani to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled OLJr other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtainetl is sufficient and appropriate to provide a basis for our opinlon. Conclusions relating to going ci)ncern In auditing the financial Statements. we have concluded that the trustees. use of the going Con￿rA basis of accounting in the preparation of the finanaal statements is apwopriaie. Based on the work we have pèrformÈd. we have not identified any material uncertainties relatin8 to events or conditions that. indiwdually or collectivety. may tsst signifitant doubt on the Eroup's or parent's charitable company's ability to continue a5 3 going contern for a period of at least twdve months from when the financial statements are authorised for issue. Our re5pon5ibilities and the responsibilities of the trusiees with resped to goin8 concern are described in the relevant sedion5 of this report. other informatlon The trustees are responsible for the other information. The other information cornpri5e5 the inforrn?tion included in the Annual Report. other than the financial statements and our Report of the Independent Auditor5 thereon. Our opinion on the finanoal siatemenis does not cover the oiher information and. except to the extent otherwise explieiily stated in our reporL we do not èxpress any form of assurance conclusion thereon. In connection with our audit of the finanual statements. our responsibility is to lead the othe¥ informalion and, sn doing so, ¢onsider whether the other information is materially inconst51ent with the financial statements or our knowled8e obtained in the audit or otherwise appears to be rnaterially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether th¥s gives rise to a material misstatement in the finantial statemènts themselves. If. based on the work we havè performed, we conclude that therè bs a material misstalement ol this other information, we are required to report thal fact. We have nothing to report in this regard. Opinlons on other matters prescribed by the Companies Act 2th)6 In our opinion. based on the WO￿ undertakèn in the tourse of the audit.. the information given in the Report of the Trustees for the financial year for which the financial staternents are prepared Is consisreni with the financial stateM￿tS.. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by èxceptlon In the light of the knowledge and undersianding of the group and parent charitable company and its environment obtained in the Course of the audit, we have not identified material misstatements in the Report of the Tru5tee5. Page 9 REPORTOF THE INDEPENOEf4T AUDffORS TO THE MEMBERS OF ST CAThERINE'S- SPEECH AND LANGUAGE We have nothin8 to report in respect of the following matters where the compan￿ Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kepi or ￿turnS adequate for our audit have not been received from branches nol wsiied by us; or the financial statements are not in a8reement with the actounting retords and feturns- or tain disclosures of trustees. remuneration specified by law ère not made.. or we have not received all the information and explanations we require for our audit.. or the trustees were not entitled to take advantagÈ of the srnall companies exemption from the requiremeni to prepare a Strategic Report or in preparin8 the Report of the Trustees. Responsiblllties of trustees As explained more fully in the Statement of Trustees, Respon5ibilitie5. the trustees (who are a150 the dirertors of the group charitable company for the purposes of company lawl are responsible for the preparation of the financial. statements and for being satisfied that they give a true and fair view. and for suth internal control as the trustees determine is necessary to enable the Pfeparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparin8 the financial statements. the trustees are responsible for assessing the youp and parent charitable ornpany'5 ability to continue as a going concern. disclosin& as applicable. matter5 related to Èoing conorn and usin8 the 80ing concern basis of acrounting unle55 the trustees either intend to liquidate the eroyp and parer¢t charitable comoanv or to cease operations. or have no realistic alternative but to do so. Oyr responsibblitie5 for the audit of the finantial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material missiatement. wheiher due to fraud or error, and to issue a Report of the lndependeni Auditor5 thai includes our opinion. Reasonable assuran￿ is a hiBh level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always ttetect a material rni5Staternent when il exist5. Mi55tatements can arise from fraud or error and are considerèd rnaterial if. individualty or in the aggregate. they tould feasonably be expeued to influènte the economic decisions of users taken on the bas￿ of these financial statements. IrreEvlaiities, including fraud, are instances of non-complian￿ with 13W5 and re8ulation5. We desigrb procedure5 in line with our respgnsibilities. outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of deteain8 irregularities, including fraud is detailed below- Based on our understanding of the group and parent charitable company. the principal risk5 are that of management override of controls. potential fraud in revenue recognition. recovery of trade debtors. and valuation of defined benefit pension schemè. The engagement team considered these risks and audit procedures were undertaken ès follows-. A rèview of journals made in preparing the final ￿ultS for preparation of thÈ actounts. and a review of occounting èitimates made by management. A review of transactions arbd records to ensure there are no transactions that have no apparent commercial purpose or that are pro￿Sed outside the usual accounting Svsiems. Extension of the sample sizes for audit testing carried out in relation to income and trade debtors. and consideration and testing of systems in place around this ineome. Discussions with management regardin8 the ability to override controls and re￿eW of processe5 in place to confirm no override had occurred Ctsn5ideration of defjned benefit pen%on scheme reyJlts from reviewing artuary reports and entries made into financial statements. Discussions wirh management. including consideration of any known or susperted instances of non-cornpliance with laws and regulations or fraud. Pa8e 10 REPORTOF THE INDÉPENDENT AUDifoRSTOTHE MEMBERS OF ST CATHERINE'S. SPEECH AND LANGUAGE Thère are inherent limitations in the audit procedures described above. and the further removed non