Charity Registration No. 1104715 Company Registration No. 05068428 (England and Wales) REMARKABLE AUTISM LIMITED FORMERLY WARGRAVE HOUSE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST 2023 (COMPANY LIMITED BY GUARANTEE) Cmha
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr S D Whalley Mr T Harte Mr M Miller Ms K Morley Mr L E Potter {Appointed 21 November 20221 IAppointed 21 November 20221 Secretary and CEO MrROBush Charity number 1104715 Company number 05068428 Registered office 449 Wargrave Road Newton-le-willows WA12 8RS Audltor MHA Exchange Stslion Tilhebarn Street Liverpool L2 2QP Bankers Lloyds Bank Horsemarket Street Warringlon WA1 1TP Investment manager COIF Charity funds 1 Angel Lane London EC4R 3AB
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED CONTENTS Page Chairman's statement Trustees, report 2-11 ststemenl of trustees, responsibilities 12 Independent auditor's report 13-15 ststemenl of financial activities 16 Balance sheet 17 Statement of cash flows 18 Notes to the financial statements 19-41
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023 The last year has seen Remarkable Autism build upon the work Ljndertaken over the last few years. The charity has rebranded as Remarkable Autism Ltd and has a clear mission, with vision and values that reflect its ambition and appetite to become a world class School and College. Integral to this is the Strategic 5-year Plan that the Trustees, CEO and Senior Leadership Team have developed, which details the key areas of strategic focus along with the priorities and actions required to develop Remarkable into a world leading provision for all our aulislic young people. We have had some changes to the Senior Leadership Team over the last year, with some excellent eXperIend hires, who have quickly bedded Into and added value to our organisalion. As part of the above work, the CEO and his Senior Leadership Team have worked hard to ensure that we have the support and commitment of all our highly valued staff and that they are part of defining the Strategic Plans. Developing a SUPF)Ortive and caring culture is key lo the success of Remarkable and much work is being undertaken lo listen lo and tske on board staff feedback and suggestions. Part of this is embedding a continuous improvement programme that captures the views of the whole staff team, bringing together valuable information from colleagues about the direction of the organisalion. Our school continues to see an increase in learner numbers, and we now have a significant waiting list in pla as demand for our highly specialised provision grows year on year. This is leslamenl to the commitment of our dedicated staff teams. Demand for places at Ascent lour 16- to 25-year-old College) has also outstripped our capacity and we have committed to finding new premises for our college to support growth and allow more space for students to acquire the skills and knowledge required to meet the outcomes that they wish for their lives. We have a strong commitment to providing continued learning and real-life work experiencelskills for our young people, lo avoid the cliff edge. post their education and into adulthood. The exciting developments continue at our Lyme and Wood Learning Hub with opportunities to learn horticulture skills. This Is the base for our Innovative "Pre-Loved' project which sees students, upcycling furniture and other products lo sell lo the public. The Ascent Leadership Team have had real success at working in partnership with commercial organisations and placing students into work experience internships. We have had tremendous feedback from this, and we are grateful to the increasing number of companies supporting us. The commitment and passion shown by the management and stsff make Remarkable such an excellent place for autistic young people and our ambitious plans over the next few years will only enhance this experien. Muir Miller Chairman Dated". 2910512024
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2023 The trLJStees present their report and financial statements for the year ended 31 August 2023. During the year the school changed ils name from Wargr8ve House Limited to Remarkable Autism Limited. The financial statements have been prepared in accordance with the accoLJnting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Objectives and activities Remarkable Autism Limited operates a non-mainlained special sch(iol Iwargrave House School), approved by the Department for Education for children diagnosed with autism aged 5-16, and an independent specialist college (Ascent College) for young adults aged 16-25 with autism and associated learning difficulties. Wargrave House School provides 65 and Ascent College provides up to 35 day places. Both of these services are supported by our Sundial Therapy Team who provide specialist therapeutic interventions to our learner and sludenl population. The Charity's objects, as contained in the company's Memorandum and Articles of Association, which are carried out for the public benefit are.. 'To advance the education of people with autism, primarily but not exclusively, children and young adults by, but not limited lo, running schools and further education colleges," and to advance in life and relieve the needs of persons with auts'sm, by but not limited lo". The provision of residential accommodation., Providing support for independent living., Providing support, adviTr, assistan and activities which develop the skills, capacities and apabilities of persons with autism, and lo enable them to participate in society as mature, independent and responsible individuals, Relieving unemployment", The provision of recreational and leisure time activities provided in the interest of social welfare, designed lo improve conditions of life ', and Acting as a resource for, and providing support and training, to families, carers and support neorks., The Charity's mission, vision, and values are reviewed each year through the School & College Improvement Plan, incorporating the Charity's long term business strategy. This review looks at what was achieved and the outcomes of our work in the previous 12 months, and considers targets for the forthcoming year and the medium temi. This review also looks at the success of each key target and the benefits they have brought to those children, young people, and their families whom we are sel up to help. Vision 'Awodd where autistic people live happy and fulfilled lives. Mission 'We support and educate autistic people throughout their lives and redefine what's possible by providing innovative and Iransformalive services..
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Values We are creative - We redefine what's possible every day, pushing boundaries and always Striving lo do things differently and better. We are aspirational- We respond with compassion, energy and adaptability, always learning and always focused on creating a legacy of lasting happiness. We are resilient- We keep our promises and aren't afraid to sland up and be counted, honestly, openly, and always with pride. We are respectlul - Vve know how important it is to gel things right and recognise the views of others. Consistency, kindness and Integrity are al the heart of everything we do. Annual review helps us ensure our mission, vision, and values remained focused on our staled purposes. We have referd lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute lo the aims and objectives they have sel. Achievements and performance Remarkable has continued to provide high quality education and therapeutic services lo children and young adLJlts with an autism diagnosis. We have established an ambitious strategic plan which aims lo ensure that the organisalion provides wodd leading services. Our main aclivilies, and who we try to help, are described below. All of our charitable activities focus on the education and care of children and young people with Autism and are undertaken to further our charitable purposes for the public benefit. Waryrave House School Over the last e1ve months the education leadership team of the school has been restructured, we have recruited an Organisalions Head of Education Role with a Head Teacher who has specific responsibility for the school. We are introducing a 'Preparation for life, currieulum that covers the following areas". Independent living, Employability linked to CEIAG and the Galsby Bench marks, Good Health, Friends, Relationships and Community. All of which are cenlred around Social Communication and Interaction linked into reduction of Restrictive and repetitive behaviours We have a full CEIAG offering with access to external 'encounlers' in line with achieving the Galsby Benchmarks at lo0.. We work closely with NAS, a range of external providers, consultants and quality assurance experts lo provide the best possible support and advice to our leamers. We offer a broad and balanced curriculum that gives learners the opportunity lo lake part in cultural capital experiences, outdoor education and learning outside the classroom, residential trips and a school council which has some budgetary responsibility. A new parent group has been established and a local authority governor with vast experience is sel lo chair this, so it has real purpose and impact over lime. Support and training are offered lo all home sellings for example through our family liaison officer, parent training sessions and bespoke support is offered for SALT and OT, for example Makaton and Elklan, or bespoke communication packages through Sundial Therapy.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Ascent College In 2022 our College was renamed Ascent this name had more relevance ft)r our students and staff and demonstotes our aspirational value. After a successful 2022-23 academic year which saw ASnt students complete qualifications ranging from Entry 1 up lo Level 3, the new academic year is seeing students continue on pathways at those levels bul also in other directions. Last year the suite of qualifications offered were as follows.. English Themed Awards IE1 to Level 21 Mathematics Themed Awards IE1 to Level 21 English Functional Skills IE3 to L21 Malhemalics Functional Skills IE3 to Level 21 ICT Functional Skills IE3 to Level 11 Skills for Further Learning and Employment IE1 to Level 21 Employability and Professional Development IE1 to Level 21 Skills for Travelling in the Community IE21 Skills for Travelling Independently IE31 Access to Higher Education (Level 31 For 2023-24, we were delighted and excited lo add the following qualifications to our offering.. Essential Digital Skills IE3 to Level 11 BTEC Entry Level 2 Award in Pre-vocational Study BTEC Entry Level 3 Award in Entry to Vocational Study BTEC Level 1 Inlroduclory Certificate in Sport BTEC Level 1 Inlroduclory Awards in Vocational Studies BTEC Level 2 Award In Work skills Level 3 Certificate in Mentoring Children and Young People Becoming an approved ntre to deliver B TEC qualifications has been a massive boost for the college and ils students. Having the variety of pathways that we have now available to us as educators will allow us to give more Choi lo our young people, but also beller prepare them for employment or further education after they leave Ascent College. BTEC qualifications are recognised by employers and higher education institutions worldwide. The College continued to be recognised in its field for outstanding delivery through". Award finalists for Educate - Leadership, Pathways to Employment and Environment Award Finalists for LCR - Pathways to Employment and Environment Award winner- Education Today- Creative College Award Finalist- Education Today- Community Inclusion Ascent College were the hosts for the NAS annual conference on 2nd February 2024, on teams for autism at work. Julliet and Steve along with student Yanick presented to 108 attendees. This has led lo schools and colleges across the UK contacting Julliel for support and guidance about employability pathways and frameworks. Ascent College received an audit from Warringlon LA Supported Internship team on 21 March 2024 this was to discuss the new SIQAF Isupported Internship Quality Assessment Framework). The lead Neil Woodward was very impressed and slated we are the standard that other schools and colleges should aspire to be. They have asked that we look to sel up an Internship Hub in Warrington and will look al sites for this if we are able. Our student admissions has increased from 13 10 35 across the year from 2022123 to 2023124. This is due to our marketing and improved working relationships with Local Authorities who recognise Ascent as a leading SPI for autistic persons aged 16 25.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 We have employed an Employer Engagement Officer- who is making a huge difference lo the vocational opportunities. We have currently negolialed agreed wotk placements with Vinci in admin and from September construction, and with John Lewis for a retail work placement. Also working closely with a DVIP disability employment officer around training. We have rolled out Mentoring training to four teachers to support staff on sile and any newly qualified teaching staff. Training in Systematic Instruction has been completed by the majority our TSA'S beeen 2023124 so they are Job Coach qualified, upskilling our work force to better support student work experien and the Sl curriculum. We will continue with this programme of training so all TSAS In Ascent are offered TSI training. We have worked with Warringlon LA on a new transition programme designed by Ascent College, this has been a huge success and we have impact statements form all concemed to demonstrate the quality of the transition process. This will be available to other LAS for complex students requiring detailed and extended transits'ons out of college. We have designed an LA offer for students lo join Ascent on a 12 week (April to July) period for a baseline in fvjnclional skills, Preparation for Adulthood and vocational laslers. We sel this up in April 2023 for students, one a Wigan LA placement the other Vlldrringlon. This was successful and we offered a place to the Wigan sludenl from September 2023. This has now been taken up by Sefton LA for one student, Knowsley LA for one student and Sl Helens LA for one student in April 2024. These are full payment terms plaS with no ESFA deduction (not added to our ILRI and is purely a baseline and assessment opportunity for aulislic young adults who are at risk of becoming NEET (not in education or Irainingl. We are currently looking to relocate to a new location In Haydock that is fil for purpose and offers greater scope for growth and independence as an SPI over the coming years. This site will SUPFX)rt our World Leading vision towards the college strategic plans. Business Resources Our Business Resource Team continues to provide the infrastructure required for high quality setvice delivery, key areas to note from the Business Resources Team are detailed below.. Procurement of a new electric minibus, setwing both lo establish our sustsinabilily credentials and increase the overall organisalional fleet. Roll out of new Wi-Fi network across the main site ensuring fast and effective electronic communication. Effective communication and marketing of charity rebrand, including websites and social media. Installation of key premises and IT infrastructure at the Lyme & Wood Hub. Upgrading of meeting room and eonference facilities 8cross the main sile lo better setve key stakeholder interaction. Further development and expansion of Apprenticeship roles offered throughout the charity, in order lo provide opportunities and add lo career paths in place.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Therapy Update The therapy team have updated all training on offer and have introduced a number of additional workshops to support staff development and ensure that everyone is utilising the most up lo dale practice across the organisation. Therapy training offer now includes.. Introduction to therapy services Introduction to Autism Introduction to Sensory Integration Introduction to ADHD Dietary support Communication and Gestalt L8nguage Processing IGLPI Embedded Therapy EACCH Talking mats Language and terminology update AAC updates on current best practice Classroom regulation supporting skills development of self-regulation skills Colourful Semantics Motor skills- developing fine and gross motor skills Feedb8ck on this training has been positive and changes to practice which reflect the learning taking p18ce is already evident e.g. increase in the use of tslking mats lo support learner vol, a wider range of emotions tools lo support emotional literacy and regulation being utilised. The team have also linked in with the parent groups and have begun offering some of the workshops to support parents and carers in understsnding the needs of their young people. There is a hope that further sessions can be offered lo cover a wider range of topics and reach more parents and carers. Team CPD The whole team have completed varying levels of clinical supervision training which has supported the team in making the best use of supervision and upskilling some staff lo be able to progress and take on the role of supervisor for more junior staff. Head of Therapy and Clinical Service and the Band 7 SaLT continue to access external clinical supervision lo maintain registration requirements. AII OTS on the team are either working towards or are already qualified Sl practitioners supporting current best practi and idenlilied specialism requirements for those working in the field of autism. The majority of the therapy team have also attended honouring the double empathy problem in Relationships and Sexuality Education" training alongside members of the education team lo support in a subject which has been highlighted as an 8re8 of high level need for our students and learners. The team have linked in with Kent Autistic trust to share best practice and discuss neurodiversity affirming practice. The OT team have also linked in with a special interest group for sensory integration and are looking to host the next meeting in May 2024 to facilitate networking, sharing best practice and exploring training opportunities. This group has been successful in prompting a review of training delivery for the Sensory Integration qualifications offered through Sl Edueation and Sheffield Hallam University to improve accessibility lo the course. Our Band 7 SaLT has been invited lo speak at the Neurodiversity Affirming Clinical ExlIen Network for SaLTs alongside one of our learners, where they will address around 200 therapists, and share the positive impact of the work we have been doing al Remarkable.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Stsffing The New Head of Therapy and Clinical Services is now well established in her role and has ComMend a review of the therapy model of practice. There is an aim to develop and Implement an embedded model which will support long term sustainable change for students and learners delivered in a way that allows flexibility and individualised input to better meet needs. Recruitment of OTS has been a real challenge across the country and we continue lo explore ways in which we could attract high quality candidates to the post. In the meantime we are looking to support the team with a second OTA post which will support our head of therapy services, whilst also avoiding overload of the other OTS within the team. The service is now offering an opportunity for an OT apprenticeship to support this also. Our therapy dog had some time off at the end of last year following a review of his role and presentslion. Consultation and support from specialist trainers has been successful in allowing him to return lo his role and the learners and staff have been happy lo see him back in school. The team are continuing to work with the trainers to continue lo build confidence in new ways of working. Joint working The therapy team had an away day where the focus was on the development of the therapy model of practice and embedding prartice, and how we can improve this across the organisation, lo support consistency in understanding of studenvlearner needs and support. We continue to explore new ways in which to track progress and are working closely with the education team in developing systems which will provide measurable data in an efficient manner. Head of Therapy and Clinical SerVIs is part of the working group looking at environments and considering what needs to be incorporated to provide the most accessible learning spaces for students and learners. This feeds into the organisalion's strategic plan of becoming world leading in the provision of services for autistic individuals. Financial review The main source of income is by way of fees from Local Authorities, increases are in line with those approved by the Trustees. School fees and charitable expenditure for the year are in line with expectation. The Trustees have reviewed the Charity's need for reserves in line with the guidance issued by the Charity Commission. The Iruslees believe that, in addition lo known commitments, there is a need lo hold up to one term's running costs in reserve given the charity's commitments lo students and employees. Any excess, unless otherwise approved by the Trustees, is to be used for the benefit of the students. An analysis of reserves at 31 August 2023 reveals that of total reserves of £4,526,842, £2,964, 138 of this was held as unrestricted fixed assets and £42,896 was held as restricted funds, leaving a balance of £1,519,808 after taking into account the pension surplus of £nil. Free resetves al 31 August 2023, excluding the pension liability, therefore amounted to £1,519.808. Based on the year ended 31 August 2023 expenditure totals, this meets the policy on reserves as sel by the Trustees.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Remuneration policy The Remuneration Committee is an aulhorised subcommillee of the Board of Trustees established to discuss and agree the performance objectives, appraisal, salary level and other terms and conditions of employment for the Chief Executive Officer ICEOI. 11 is also lo verify changes in terms and conditions for members of the Senior Leadership Team as recommended by the CEO. The Committee shall have responsibility for.. Appraising the performance of the Chief Executive Officer agsinsl the agreed perfom)ance objectives at the end of the perfomiance year in discussion with the Chief Executive Officer, Considering the salary level and other terms and conditions of employment for the Chief Executive Offir for recommendation lo the Board of Trustees. The CEO should not be present when these items are considered bul shall be advised as lo the outcome by the Chairman., and, Verifying changes to the temis and conditions of employment for members of the SLT as recommended by the CEO. The Chief Executive Officer is subject to the general policies and procedures of the Organisalion. However, should the performance level of the CEO not be of an acceptable stsndard the Committee shall advise the main Board of Trustees and shall lake specialist professional advice on any actions to be taken in accordance with the policies and prOdureS of Remarkable Autism Limited. Investment pollcy and objectlves Under the Memorandum of Association, the trustees have the power lo deposit or invest funds not immediately reqUId for the furtherance of its objects as may be thought fil. During the period the trustees considered the most appropriate policy for investing surplus funds lo be that of purchasing ethical investments through the charity fund investment managers CCLA. The charity also owns fixed asset investments that were left to it as a legacy in the form of quoted investments of which approximately 50D/o are narrow-range investments and 50/0 a broader range. The trustees consider that the return on investments in the period of £25,171 12022.. £6,887} is satisfactory. The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks, under the guidance of the investment managers. The oryanisalion monitors risk closely with defined review dates, to ensure that all activities are under review, with risk assessments and mitigation plans documented and Implemented. The board review risk al each Trustee meeting and define the current key risks lo the organisation as being Regulatory risk through the potential for adverse findings by OFSTED., Financial risk through fluctuations in stock markets having a negative impact on both investment portfolios and the defined benefit pension scheme., Financial risk pressures through the cost of living crisis, with increasing salary costs and the potential for industrial action impacting the charitable activities of the organisalion., and, Operational risk through a shortage of applicants lo skilled roles.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 structure. governance and management The charity is controlled by ils governing document, a deed of trust, and conslitules a Limited Company, limited by guarantee, as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to the dale of signature of the financial statements were.. Mr S D lthalley MSA Ephraim MrT Harte Ms C Cubbon-King Mr M Miller Ms K Morfey Mr L E Poller Ms A T Wiswell (Resigned 20 January 20241 (Resigned 20 February 20231 (Appointed 21 November 20221 (Appointed 21 November 20221 (Appointed 21 November 2022 and resigned 30 August 20231 Appointment of Trustee$ Trustees are appointed by the members and serve for three years after which they may put themselves forward for re-election. Trustees appointed other than al the Annual General Meeting serve until the next Annual General Meeting at which they may pul themselves forward for re-election for a further three year term of office. Trustees delegate responsibility for the day-to-day operation of the school and college to an appointed Goveming Body, approved by the Non-mainlained Special School Regulations INMSSI board of the Department for Education. There are two parent representatives on this board. The Governing Body has a very detailed governing document, the Instrument of Govemmenl, and all committees have temis of referen. All trustees sign a declaration lo confirm they are not disqualified from acting as a charity Iruslee under the provisions of section 72 of the Charities Act 1993. This is reviewed on an ongoing basis. Governors sign a similar declaration to confirm their eligibility and a register is maintained of pecuniary interests. All voluntary members hold an enhanced Disclosure and Barring Service IDBSI check and receive in-house safeguarding training and updates. Induction and training of new trusteos Newly appointed Iruslees participate in an orientation programme. The objective of the programme is to brief them on their legal obligations under charity and company law, the conlenl of the Memorandum and Articles of Association, the committee and decision making prO$se$, the business plan and recent financial perfomance of the charity. During their induction period they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Risk management The organisation monitors risk closely through an independent Risk Audit Committee with defined review dales, lo ensure that all activities are under review, with Risk Registers in place for all areas of the organisation, with Mitigation plans documented and implemented. Each sub-committee reviews the Risk Register specific to their area of responsibility and the board review risk at each Trustee meeting and define the current key risks to the organisalion as being.. Regulatory risk through the potential for adverse findings by OFSTED, Financial risk through fluctuations in stock markets having a negative impact on both investment portfolios and the defined benefit pension scheme, Financial risk pressures through the cost of living crisis, with increasing salary costs and the potential for industrial action impacting the charitable activities of the organisalion,. and, Operational risk through a shortage of applicants lo skilled roles. REFERENCE AND ADMINISTRATIVE DETAILS Senlor Leadershlp Team Robin Bush Stuart Jamieson Helen Driver Gary Van Oss Karen Tarbuck Mark Leicester Chief Executive Officer Head of Education IResigned 31.12.221 Head of Therapy Services (Resigned 13.03.231 Head Business ReSoUrS Office & Communications Manager (Redundant 30.11.221 Interim Head Teacher (Started 03.01.23, resigned 20.07.231 Goveming Body Vivienne Beecroft Kelley Garth Stuart Jamieson Philip Round Kelly Pearson Mark Leicester lan Craven Heather Sargeant Yanela Ntlauzana Sharon Brookes Sue Gaskin Sally Fleming Jen Jackson Chair of Governing Body (Resigned 12.12.221 (Resigned 31.12.221 (moved lo LEAP Governing Body 07.11.221 (Resigned 22.11.221 (Started 03.01.23, resigned 20.07.231 (Resigned 18.05.231 (Started 18.03.241 (started 18.03.241 Istsrted 30.11.231 LEAP Governing Body Philip Round Muir Miller Elizabeth Preston Rachel Newman Sharon Prendergast Courtney Shawcross Owen Metcalfe Chair of LEAP Governing Body (Started 07.11.221 (Started 27.03.231 (Started 07.11.221 (started 07.11.221 (Staff Governor Started 07.11.221 (Student Governor Started 07.11.221 (Student Governor Started 07.11.221 10-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Auditor Following the merger of MHA Moore & Smalley with MHA, the company's independent auditor has now become MHA. A resolution lo reappoint MHA as independent auditor will be proposed al the next Annual General Meeting. Disclosure of information to auditor Each of the Iruslees has confirmed that there Is no infomiation of which they are aware which is relevant to the audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo identify such relevant information and to establish that the auditor is aware of such information. The report has been prepared having taken advantsge of the small companies exemption in the Companies Act 2006. The trustees, report was appsoved by the Board of Trustees. Mr M Miller Trustee Dated.. 2910512024
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023 The trustees, who are also the directors of Remarkable Autism Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company Law requires the trustees to prepare financial ststemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistenlly., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operab'on. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 12-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF REMARKABLE AUTISM LIMITED Opinion We have audited the finaneial statements of Remarkable Autism Limited Ilhe 'charity'l for the year ended 31 August 2023 which comprise the s18tement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial stalemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi1. In our opinion, the financial statements.. give a true and fair view of the stale of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, for the year then ènded", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We eonducled our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, Individually or collectively, may cast significant doubl on the charity's ability lo continue as a going COnM for a period of at least twelve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the trustees with respect to going COnM are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infotmalion contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated in our pOrt, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other infomialion and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtsined in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are required to delemiine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 13-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF REMARKABLE AUTISM LIMITED Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the COLJrse of our audit. the information given in the trustees, report, which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstalemenls in the Directors, report included within the trustees, report. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees. remuneration specifi'ed by law are not made., or we have not received all the information and explanations we require for our audit., or the Iruslees were not entitled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies. exemptions in preparing the Iruslees, report and from the requirement lo prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who ao also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misslalement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concem. disclosing, as applicable, matters rel8ted to going concern and using the going concem basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic altemalive bul to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material misstslement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are InStanS of non-compliance with laws and regulations. We design procedures in line with our responsibilities, ouuined above, to delecl material misstalemenls in respect of irregularities, including fraud. The extent to which our prOdureS are capable of delecling irregularities, including fraud, is detailed below. 14-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF REMARKABLE AUTISM LIMITED Enquiry of management and those charged with governan around actual and potential liligalion and claims., Enquiry of entity staff In compliance functions lo identify any instances of non-compliance with laws and regulations", Reviewing minutes of meetings of those charged with governance., Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations", Performing audit work over the risk of management override of controls, including lesling of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias,. and Reviewing the completeness of revenue to ensure that funding reiVed agrees to appropriate documentation and Is recognised in the correct period Because of the inherent limitations of an audit, there Is a risk that we will not delecl all Irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non- compliance. The risk is also greater regarding irguIantieS occurring due to fraud rather than error, as fraud involves intentional GOnalment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11 www.frc.org.uklauditorsresponsibililies. This description forms part of our auditor's report. Use of our report This report is made solely to the charitsble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitsble company's members and its trustees those mallers we are required lo stale lo them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Andrew mattheV (Senior Statutory Auditor) for and on behalf of MHA 2910512024 Chartered Accountant$ Statutory Auditor Exchange Station Tithebarn stet Liverpool L2 2QP MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC3123131 15-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestricted Restricted funds funds 2023 2023 Total Unreslricled Restricted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from.. Donations and legacies Charitable activities Other trading activities Investments Other income 30,809 5,629,948 1,193 25,171 12,623 30,809 120,926 5,750,874 5,055,478 1,193 3,008 25,171 6,887 12,623 12,323 214,423 5,269,901 3,008 6,887 46,848 34,525 Total Income 5,699,744 120,926 5,820,670 5,077,696 248,948 5,326,644 Ex ndlture on.. Charitable activities 5,118,103 80,697 5,198,800 4,570,237 208,452 4,778,689 Total charitable expenditure 5,118,103 80,697 5,198,800 4,570,237 208,452 4,778,689 Nel gainslllossesl on investments 14 112,6401 112,6401 130,5061 130,5061 Gross transfers between funds 144,584 {144,5841 Net Incomlng resources 569,001 40,229 609,230 621,537 {104,0881 517,449 Other recognised gains and losses Actuarial Ilossllgain on defined benefit pension schemes 1115,7461 1115,7461 591,458 591,458 Net movement in funds 453,255 40,229 493,484 1,212,995 1104,0881 1,108,907 Fund balances at 1 September 2022 4,073,587 2,667 4,076,254 2,860,592 106,755 2,967,347 Fund balances at 31 August 2023 4,526,842 42,896 4,569,738 4,073,587 2,667 4,076,254 The statement of financial activities includes 811 gains and losses recognised in the year. All income and expenditure derive from eontinuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 16-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Notes Fixed assets Tangible assets Investments 15 16 2,964,138 19,442 2,972,852 19,442 2,983,580 2,992,294 Current assets Debtors Investments Cash at bank and in hand 18 19 245,854 1,029,191 962,307 193,688 641,831 1,019,499 2,237,352 1,855,018 Credltors: amounts falllng due wlthln one year 21 {477,8291 1579,5751 Nel current assets 1,759,523 1,275,443 Total assets less current liabilities 4,743,103 4,267,737 Creditors: amounts falling due after more than one year 22 1173,3651 1191,4831 Net assets 4,569,738 4,076,254 Income fvnds Restricted funds Unreslricled funds 25 42,896 4,526,842 2,667 4,073,587 4,569,738 4,076,254 These financial stslemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies r4ime. The financial statements welt approved by the Trustees on 2910512024 Mr M Miller Trustee Company Registration No. 05068428 The notes on pages 19 to 40 form part of these financial statements. 17-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Notes Cash flows from operating activities Cash generated from operations Interest paid Net cash provided by operating activities 30 500,132 112,8461 633,290 17,8161 487,286 625,474 Investing activities Purchase of tangible fixed assets PrOedS on disposal of tangible fixed assets Purchase of investments Proceeds on disposal of investments Investment income received 1148,5741 1320,7711 38,733 1200,0001 1,120 17,887 1400,0001 25,171 Net cash used in investing activities 1523,4031 {463,0311 Financing activities Repayment of bank loans 121,0751 123,0471 Net cash used in financing activities 121,0751 123,0471 Net IdecreaseVincrea$e in eash and tash equlvalents 157,1921 139,396 Cash and cash equivalents al beginning of year 1,019,499 880,103 Cash and eash equlvalents at end of year 962,307 1,019,499 18-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies Charity infomiation Remarkable Autism Limited is a private eompany limited by guarantee ineorporaled in England and Wales. The registered Offi is 449 Wargrave Road, Newton-le-willows, WA12 8RS. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" and UK Generally Accepted Accounting Practice. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and lo include investment properties and rtain financial instruments al fair value. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the time of approving the financial stalemenls, the trustees have a reasonable expectation that the charity has adequate resour$ lo continue in operational existen for the foreseeable future. Thus the Iruslees continue to adopt the going conrn basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charitable objectives. Reslricled funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. 1.4 Income The charity receives government grants in respect of student fees. Income from government and other grants is recognised al fair value when the charity has enlitlemenl On any performan conditions have been mel, it is probable that the Income will be received and the amount can be measured reliably. If entitlement is not mel then these amounts are deferred. Grants reiVed to help finance the activities of the charity are credited to the statement of financial activity in the period to which they relate. Grants are recognised at fair value when the charity has entillemenl after any performance conditions have been mel, il is probable that the income will be received and the amount Can be measured reliably. Grants received in advance of a period in which the funder requires the expenditure to be applied will be reflected in deferred income within the balance sheet. Investment Income, donations and legacies are Included In the statement of financial activity on receipt, or when the amounts involved can be quantified with sufficient certainty and the amounts measured reliably. 19-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is awounled for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured 8t cost and subsequently measured al cost or valuab'tsn, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fi'ttings Computers Motor vehicles 2Q/o on cost 25 % on cost 25°/o on cost 25 % reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in nel incomellexpenditurel for the year. 1.7 Flxed asset investments Fixed asset investments are initially measured al transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomellexpendilurel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as lo obtain benefits from its aclivilies. 1.8 Impaimient of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any}. 1.9 Cash and cash equivalents Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts, where ulilised, are shown within borrr)wings in current liabilities. -20-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Sertion 11 'Basic Financial Inslrumenls, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial stalemenls, when there is a legally enforceable right to sel off the recognised amounts and there Is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. Basic finoncial assets Basic fi'nanci81 assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary ourse of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amoth'sed cost using the effective interest method. Derecognition of fln8nciTal liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Taxation The charity is exempt from corporation lax on its charitable aclivilies. 1.12 Employment benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide temination benefits. 21
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies (Continued) 1.13 Pension costs and other po$t-retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. The charity participates in a multi-employer defined benefits pension scheme, the Teachers, Pension Scheme (England and Walesl I'the Scheme") for all teaching staff, al a rate prescribed by the Governments Actuarial Department. 11 is not possible or appropriate to identify the assets and liabilities of the Scheme as if it were a defined contribution scheme. The TPS is an unfunded arrangement backed by the government. Contributions are paid in respect of benefits earned by members lo dale. Typically, there is no legal or constructive obligation lo pay anything further in respect of current or prior servi. The charity also maintains a final salary pension heme for non-teaching staff who joined pre May 2004, this closed to further accrual 31 Dernber 2013. The charity is the sponsoring employer of this scheme and continues to cover some of its adminislralive costs and other obligations of sn ongoing scheme with both active, deferred and pensioner members, as well as operating as its payroll bureau. A liability for the charity's obligations under the plan is recognised net of plan assets. The nel change in the nel defined benefit liability is recognised as the cost of the defined benefit plan during the period. Pension plan assets are measured at fair value and the defined benefit obligation is measured on an actuarial basis using the projected unil method. Actuarial valuations are obtsined at least Iriennially and are updated al each balance sheet dale. Where pension plan assets exceed defined benefit liabilities, the charity has Opted not to recognise this asset. The charity now operates a Group Personal Pension Plan in-line with the auto enrolment legislation for all non-leaching stsff. Contributions paid in the year are charged to the Statement of Financial Aclivib'es. 1.14 Leasos Loasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to aoUntIng estimates are cogniSed in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and futu periods. -22-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Critical accounting estimates and judgements (Continued) Key sources of estimation uncertainty The estimates and assumptions which have significant risk of causing material adjustment to the carrying amount of assets and liabilities are as follows.. Defined benefit pension schomo The present value of the defined benefit pension scheme liability lor assell depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost or income for pensions includes, amongst others, the discount rate. Any changes in these assumptions, which are disclosed in note 24 to the accounts, will impact the carrying amount of the pension liability lor asseti, Depreciation The useful economic life of tangible fixed assets is judged at the point of purchase and reviewed at each financial reporting date. This judgement is based upon the trustees experien of managing the school and the assets within it, including their expected lifetime of use. Depreciation rates are outlined in the accounting policies on note 1.6. Donations and legacies Unrestricted funds Total 2023 2022 Legacies receivable 30,809 -23-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Charitable activities Education Education & Care & Care Services SeNiees 2023 2022 Schools fees & funding Grants 5,571,967 5,049,805 178,907 220,096 5,750,874 5,269,901 Analysis by fund Unreslricled funds Restricted funds 5,629,948 5,055,478 120,926 214,423 5,750,874 5,269,901 Performance related grants DFE Teacher5 Pay & Pension DFE Pupil Premium Grant DFE PE & Sports Premium DFE Other BBC Children in Need DFC & SCA Capital funding Other 41,265 21,790 13,000 34,470 59,443 24,275 14,000 18,446 47,992 45,107 10,833 63,412 4.970 178,907 220,096 Other trading activities Unrestricted Unrestricted funds funds 2023 2022 Fundraising events 1,193 3,008 -24-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Investments Unrestricted Unrestricted funds funds 2023 2022 Income from investments Nel interest on defined benefit pension scheme 25,171 17,887 111,0001 25,171 6,887 other income Unrestricted Unrestricted Restricted funds funds funds Total 2023 2022 2022 2022 Nel gain on disposal of tangible fixed assets Other income 11,344 979 11,344 35,504 12,623 34,525 12,623 12,323 34,525 46,848 -25-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Charitable activities Education Education & care & care services services 2023 2022 Staff costs Equipment & activities Educational spend 2,904,806 2,742,285 48,754 42,497 238,568 238,497 3, 192,128 3,023,279 Share of support costs (see note 91 Share of governance costs (see note gi 1,847,445 1,605,693 159,227 149,717 5,198,800 4,778,889 Analysis by fund Unreslricled funds Restricted funds 5,118,103 4,570,237 80,697 208,452 5,198,800 4,778,689 -26-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 Support costs SupportGovernance costs costs 2023 Support Governance costs costs 2022 Stsff costs Depreciation Operating lease charges Repairs & maintenance Agency & supply staff Other expenses Telephone Food & consumables Insurance Heat & light Bank interest Student trip 8nd rewards 694,700 157,288 694,700 157,288 696,071 184,705 696,071 184,705 29,221 222,219 431.616 60,080 5,812 114,085 70,307 49,271 12,846 29,221 222,219 431,616 60,080 5,812 114,085 70,307 49,271 12,846 45,397 184,117 299,651 61,431 13,677 39,063 31,771 36,608 7,816 45,397 184,117 299,651 61,431 13,677 39,063 31,771 36,608 7,816 5,386 5,386 Audit fees Accountancy Legal and professional Training 10,836 3,135 96,696 48,560 10,836 3,135 96,696 48,560 19,796 2,950 87,728 39,243 19,796 2,950 87,728 39,243 1,847,445 159,227 2,006,672 1,605,693 149,717 1,755,410 Analysed beeen Charitable activities 1,847,445 159,227 2,006,672 1,605,693 149,717 1,755,410 Govemance costs includes payments lo the auditors of £7,236 {2022- £12,146) for audit fees. 10 Net movement in fund5 2023 2022 Net movement in funds is staled after chargingllcreditingl Depreciation of owned tangible fixed assets Lossllprofill on disposal of tangible fixed assets Operating lease charges 157,288 184,705 111,3441 45,397 29,221 -27-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 11 Auditor's remuneration The analysis of audilorfs remuneration is as follows.. Fees payable to the charity's auditor and associates: 2023 2022 Audit of the charity's annual accounts 8,525 12,146 Non-audit services All other non-audil services 3,135 2,950 In respect of associated pension schemes Audit 3,600 7,650 12 Trustees None of the trustees lor any persons connected with them) received nor waived any remuneration or benefits from the charity during the year.12022."£nill One trustee had expenses reimbursed during the year to the value of £10512022.. £nill. 13 Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Direct charitable 121 113 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 3,007,387 254,647 337,472 2,868,041 246,924 323,391 3,599,506 3,438,356 The number of employees whose annual remuneration was £60,000 or more were". 2023 Number 2022 Number £60,000- £70,000 £70.001 - £80,000 £80,001- £90,000 £100,001- £110,000 £130,001- £140,000 £150,001- £160,000 -28-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 14 Net gainsl{lossesl on investments Unrestricted Unrestricted funds funds 2023 2022 Revaluation of investments Gainlllossl on sale of investments 112,6401 127,3811 13,1251 112,8401 130,5061 15 Tangible fixed assets FrÈÈhold land Fixtures and and building$ fittiny$ Computers Motor vehicles Total Cost Al 1 September 2022 Additions Disposals 3,989,479 6,633 710,608 10,451 1297,2191 23,233 50,790 193,473 80,700 4,916,793 148,574 1297,2191 Al 31 August 2023 3,996, 112 423,840 74,023 274,173 4,768,148 Depreclatlon and Impalrment Al 1 September 2022 Depreciation charged in the year Eliminated in respect of disposals 1,219,294 71,707 613,882 44,766 1297,2191 5,808 18,505 105,157 22,310 1,943,941 157,288 1297,2191 At 31 August 2023 1,291,001 361,229 24,313 127,467 1,804,010 Carrying amount Al 31 August 2023 2,705,111 62,611 49,710 146,706 2,964,138 Al 31 August 2022 2,770,185 96,925 17,425 88,317 2,972,852 The bank loan is secured by a first legal charge over the commercial freehold property registered under lille number MS558810. -29-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 16 Fixed asset investments Listed other investments investments Total Cost or valuation Al 1 September 2022 & 31 August 2023 19,441 19,442 Carrylng amount Al 31 August 2023 19,441 19,442 Al 31 August 2022 19,441 19,442 2023 2022 Other investments comprise.. Notes Investments in subsidiaries 29 17 Financial instruments 2023 2022 Carrying amount of financial assets Instruments measured at fair value through profit or loss 1,048,632 661,272 18 Debtors 2023 2022 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 145,646 48,880 51,328 128,516 65,172 245,854 193,688 19 Current asset investments 2023 2022 Listed investments 1,029,191 641,831 30-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 20 Loans and overdrafts 2023 2022 Bank loans 196,237 217,312 Payable within one year Payable after one year 22,872 173,365 25,829 191,483 Amounts included above which fall due after five years.. Payable by instalments 81,878 88,167 The bank loan is secured by a first legal charge over the commercial freehold propety registered under 'Ile number MS558810. The bank loan is repayable in monthly instalments, with the last instslmenl due in Dember 2030. The interest rale in pla during the year was 2.25. above the Bank of England base rate. 21 Creditors: amounts falling due within one year 2023 2022 Notes Bank loans Other taxation and social security Deferred income Trade creditors Other creditors Accruals 20 22,872 63,691 56,813 196,976 45,543 91,934 25,829 59,484 137,715 154,326 41,701 160,520 23 477,829 579,575 22 Creditors: amounts falling due after more than one year 2023 2022 Notes Bank loans 20 173,365 191,483 31
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 23 Deferred income 2023 2022 Other deferred income 56,813 137,715 2023 2022 Opening balan at 1 September 2022 Received In the year Credited to the statement of financial activities 137,715 56,813 1137,7151 132,835 137,715 1132,8351 56,813 137,715 Income has been deferred as it relates to student fees reTrived in advan of the forthcoming term. 32-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 24 Retirement benefit schemes Defined contribution schemes Teaching Staff The charity contributes to The Teachers, Pension Scheme IEngland and Wdlesl, which provides benefits based on final pensionable salary. The charity is unable to Identify Ils share of the undedying assets and liabilities in the scheme. Employer's conlribLJtions are paid within the scheme guidelines of 23.680/0 of pensionable s81ary. The Teachers, Pension Scheme ITPSI is a slatulory, contributory, defined benefit scheme, governed by the Teachers, Pension Scheme Regulations 2014. Membership is automatic for teachers in academy Irusls. All teachers have the option to opt out of the TPS following enrolment. The Government Actuary, using normal actuarial principles, condLJcts a formal actuarial review of the TPS in accordance with the PLJblic Service Pensions (Valuations and Employer Cost Capl Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future conlribulions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as al 31 March 2016. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are.. employer contribution rates set at 23.680/0 of pensionable pay (including a 0.08'/o employer administration charge) total scheme liabilities Ipensions currently in payment and the estimated cost of future benefits) for service to the effective dale of £218,100 million, and notional assets lestimaled future contributions together with the notional investments held al the valuation dale) of £196,100 million giving a notional past service deficit of £22,000 million the SCAPE rate, sel by HMT, is used lo determine the notional investment return. The current SCAPE rate is 2.4 /0 above the rale of CPI. The assumed real rate of return is 2.4'/0 in excess of priTrs and 2'/o in excess of eamings. The rale of real earnings growth is assumed to be 2.2'/o. The assumed nominal rate of return including earnings growth is 4.450/0. A copy of the valuation report and supporting documentation is on the Teachers, Pensions website. Under the definitions sel out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The charity has accounted for its contributions lo the scheme as if il were a defined contribution scheme. The charity has sel out above the information available on the scheme. Non-teaching Staff The charity operates a Group Personal Pension Plan IGPPPI for all members of non-teaching staff in line with auto-enrolmenl legislation. This is al a rate of 60/0 employee and 80/0 employer. 33-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 24 Retirement benefit schemes (Continued) Defined benefit Schemes The April 2012 actuarial valuation highlighted a requirement to significantly increase the funding rale to in excess of 40 /0 of the salary roll lo maintain the current level of benefits. This was despite the good investment the scheme had experienced and was due largely to the fact that people were living longer, and therefore reIving benefits for longer. In addition, gilt yields were at their lowest point for many, many years, and this was the factor that regulated annuity rates, in other words, the cost of providing the final salary benefits was escalating to levels that could not be justified. After much discussion, the Trustees agreed that the scheme would be shut lo future accrual las at 31 December 20131, this meant simply that members of the scheme would not earn any more entitlement lo benefits after the scheme closed lo future accrual. However, any benefits eamed to date would be protected and would also be revalued going fonNard lo help protect ils value against Inflation. The pension cost is determined on the advice of independent qualified a¢luaries. The pension cost for the year is based on the results of the actuarial valuation of the scheme as at 1 April 2021. S J Cowan, of XPS Pensions IRLI Limited, independent actuaries to the scheme, completed actuarial valuations based on the value of the fund al 1 April 2018. The results of the actuarial valuation shows that there is a projected shortfall in the pension fund of £1,499,000. The Recovery plan stales that in order lo address the shortfall the Employer will pay additional contributions of £10,000 per month to 31 October 2030. The contributions increasing at 2.5'/o p.a. commencing on 1 April 2020. On 27 April 2020 a new Schedule of Contributions was certified which reduced the contributions to £5,000 per month for the period 1 April 2020 10 31 March 2025 and £10,000 per month from 1 April 2025 to 31 July 2035. The actuary has provided calculations on the scheme as at 31 August 2023 they have prepared the calculations in accordance with the Financial Reporting Council's actuarial stsndard TAS 100. At the date of this calculation, the scheme was no longer in deficit and is fully funded. The amounts recognised in the balan sheet are as follows'.- Key assumptions 2023 2022 Discount rate Expected rate of increase of pensions in payment Increase in defemient Retsil price inflation Consumer price Inflation 5.05 2.55 3.15 2.55 34-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 24 Retirement benefit schemes (Continued) Mortality essumptions The assumed life expectations on retirement at age 65 are.. 2023 Years 2022 Years Retiring today Males Females 21.4 23.9 21.9 24.3 Retiring in 20 years Males Females 22.6 25.3 23.2 25.7 Amounts recognised in the profit and loss account.. 2023 2022 Net interest on defined benefit liabilityllassetl 11,000 Amounts tsken to other comprehensive income.. 2023 2022 Actual return on scheme assets Less. caleulated interest element 200,000 139,000 149,000 82,000 Return on scheme assets excluding interest income Actuarial changes related lo obligations 339,000 231,000 1640,0001 {1,926,0001 The amounts included in the balance sheet arising from the charity's obligations in respect of defined benefit plans are as follows.. 2023 2022 Present value of defined benefit obligations Fair value of plan assets 4,206,288 4,390,542 14,206,288) 14,390,542) Deficit in scheme 35-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 24 Retirement benefit schemes (Continued) Movements in the present value of defined benefit obligations.. 2023 Liabilities at 1 September 2022 Benefits paid Actuarial gains and losses Interest cost Other 4,390,542 1100,0001 1640,0001 139,000 416,746 At 31 August 2023 4,206,288 The defined benefit obligations arise from plans which are wholly or partly funded. Movements in the fair value of plan assets.. 2023 Fair value of assets at 1 September 2022 Interest income RetLJrn on plan assets (excluding amounts included in net interesti Benefits paid Contributions by the employer 4,390,542 139,000 1339,0001 1100,0001 115,746 At 31 August 2023 4,206,288 The fair value of plan assets al the reporting period end was as follows.. 2023 2022 Equity instruments Propety Gilts Bonds Cash & Other 2,031,000 498,000 914,000 540,000 223,288 1,979,000 578,000 990,000 $48,000 295,542 4,206,288 4,390,542 36-
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REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 26 Analysis of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 August 2023 are represented by.. Tangible assets Investments Current asselsllliabilitiesl Long term liabilities 2,964,138 19,442 2,964,138 2,972,852 19,442 19,442 2,972,852 19,442 1,716,627 1173,3651 42,896 1,759,523 1,272,776 {173,3651 1191,4831 2,667 1,275,443 1191,4831 4,526,842 42,896 4,569,738 4,073,587 2,667 4.076,254 27 Operating lease commitments Lessee Al the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows". 2023 2022 Within one year Between two and five years 29,607 10,194 29,607 39,801 39,801 69,408 28 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 408,854 651,010 Key management personnel are considered to be those employees of the Charity in positions of management and govemance, who are not trustee directors. 39-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 28 Related party transactions (Continued) Wargrave House School Pension Scheme Limited, a dormant subsidiary of the charitable company is Corporate Trustee lo the Wargrave House Pension Scheme, the previously operating defined benefit pension scheme of the Charity, now closed to future accrual. During the year, the charitable company paid £115,74612022.. £101,542) into the pension scheme in line with the deficit funding requirements. Al the year end the balance due from the pension scheme to the charity was £48,880 12022.. £nill, as shown in note 18 of the financial statements. Mr R Bush is secretary of the Corporate Trustee. Mr G Van Oss and Ms C Reece are directors of the Corporate Trustee. All three are also considered key management personnel of the Charity. There are considered to be no other related party transactions requiring disclosure. No guarantees have been given or received by the Charity. 29 Subsldlarles These financial statements are separate charity financial slalements for Remarkable Autism Limited on the basis that it has only one subsidiary entity which is a dormant Corporate Trustee company for that of the defined benefit pension scheme previously operated by the charity. The dormant subsidiary has not traded in the current year and exists for legal purposes only. Details of the charity's subsidiaries at 31 March 2023 are as follows.. Name of undertaking Registered office Nature of business Class of shares held /• Held drgrave House School United Kingdom Pension Scheme Trustee Co Pension Scheme Limited Ordinary 100 30 Cash generated from operatlons 2023 2022 Surplus for the year 609,230 517,449 Adjustments for.. Investment income recognised in ststemenl of financial activities Interest paid Gain on disposal of tangible fixed assets IGainllloss on disposal of investments Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets Difference beleen pension charge and cash contributions 125,1711 12,846 117,8871 7,816 111,3441 3,125 27,381 184,705 190,5421 12,640 157,288 1115,7461 Movements in working capital.. Ilncreasel in debtors {Decreasellincrease in creditors (Decreasellincrease in deferred income 152, 1661 117,8871 180,9021 198,5551 106,262 4,880 Cash generated from operatlons 500,132 633,290 -40-
REMARKABLE AUTISM LIMITED FORMERLYWARGRAVE HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 31 Analysis of changes in net funds At 1 September 2022 Cash flow5 At 31 August 2023 Cash al bank and in hand 1,019,499 157,1921 962,307 Loans falling due within one year Loans falling due after more than one year 125,829} 1191,4831 2,957 18,118 122,8721 1173,3651 802,187 136,1171 7S6,070 41