Charity registration number 1104715 (England and Wales) Company reglstratlon number 05068428 REMARKABLE AUTISM LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 xeinadin REMARKABLE AUTISM LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr S J Canning Mr P K C Carpenter Mr3 D James Mr M Miller Mrs K Morley Mr K Pamiar Mr L E Potter (Appointed 22 April 2024) (Appolnted 22 April 2024) (Appoinled 22 Aprll 2024) (Appointed 22 April 2024) Secretary MrROBush Charity number (England and Wales) 1104715 Company number 05068428 Regl8tered office 449 Wargrave Road Newton Le Wllows Merseyside WA12 8RS Audltor Xeinadin Audit Limited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9QP Investment advlsors CCLA Investment Management 1 Angel Lane LondDn EC4R 3AB REMARKABLE AUTISM LTD CONTENTS Page Chalrman's slatemenl Trustees, report Independent auditor's report 9-11 Statement of financlal activities 12 Balance Sheet 13 Statement of cash flows 14 Notes to the financial statements 15-33 REMARKABLE AUTISM LTD CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 Over the last year Remarkable Autism has seen a number of positive changes as the Trustees, CEO and Senior Leadership Team further develop and implement their long-term strategic plan. The Mission vision and Values are now embedding themselves into the organisation through Tegular communication sessions and the actions and behaviour of the leadership team. The ambitious mission to support and educate autistic people throughout their lives and redefine whal's possible by providing innovative and transformative services, reflects the ambition and appetite of the charity and all the slaff. The CEO and his senior leadership leam 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 5UPPOrtive and caring culture 15 key to the success of Remarkable and much work is being undertaken to listen to and capture feedback from all staff members through update briefings every half-lerm and through a routine suNey focusing on continuous improvement. Our school continues to see an Increase in learner numbers, and we have a significant walting list as demand for our highly specialised provision grows year on year. This is testament to the commitment of our dedicated staff teams and the Head Teacher who over the last year has bedded in and made a number of visible improvements. Demand for places at Ascent (our 16- to 25-year-old College) has also outstripped our capacity. l am pleased to report that over the last year we have undertaken much work and located and secured new premises for our college. The new building has been purchased outright, and the necessary refuTbishment has been scoped oul in detail and costed, along with the support of external specialist architectural and cost consultants. Following tendering process we have now awarded a lump sum fixed price contr8Ct to the successful bidder and work will begin in April and complete in time for relocation before the nexl academic year in September 2025. ThSs excSting venture will create a best in class facility, support growih. and allow more space for students to acquire the skllls and knowledge required to have fulfilllng and successful lives when thèy leave educalion. The ascent leadership team continue to develop relationships with external organlsalions and placing students into work experience internships. We have had tremendous feedback from this, and we are grateful to the increasing number of companles supportlng us. The commitment and passion shown by the management and staff make Remarkable such an excellent place for autistic young people and our ambltlous plans over the next few years will only enhance Ihls experience. Chairnian Date.. REMARKABLE AUTISM LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report and financial statements for the year ended 31 August 2024. The financial statements havè been prepared in accordance with the accounting policies set out in note 1 to thé financial statements and comply with the Gharity's governing document, the Companies Act 2006, FRS 102 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance knrith the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) Objectlves and activltlgs Remad and achieved the Fair Employm8nl Charterfrom the Liverpool City Region. The charity also registered as a Llving Wage Employer during the year. Finance The team rnade Improvements with financial managemenl and reporting processes, resullinG in improved financial visibility and accountability for senior leadership and budget holders. Premlses Updated LED lighting was Installed in Wargrave House School resulting in increased sust81nability and reduced costs. Support was also provided with the move of th& Centrgl team to the new Lowton offices in June 2024, with subsequent works to change previous Centr81 space at Wargrave into Iwo new dassroom5 In Summer 2024. REMARKABLE AUTISM LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Wargrave House School Following a period of transformation, Wargrave House School now delivers a four-strand Curriculun￿PreparaI1on for Life, Ouldoor Education, Leaming Outside the Classroom, and Ihe Adapled National curriculur￿de$j9ned lo meel the diverse needs of our learners. Across Key Stages 3 and 4, we offer a broad accreditatlon suite, including Arts Award, NCFE Maths & Engllsh (Entry Level 1-Level 2}, BTEC Digital Medi8, ASDAN Personal Development, and GCSE Maths & English. Leamers can achieve up to five qualifications by Year 11, supporting progression into further educatlon, hlgher education, and employment. Two students have already secured Level 2 FE placements for 202￿25. Sludenls conllnue to shine nationally, earning accolades from the Engag8 in Their Future Awards for personal achlevement. resilience, citlzenship, and sport. Our CEIAG programme features real-world inlllative3 suGh as the Wargrave Shop, Exchange Bank, and a new Barista Coffee Shop, fosterlng cornmuniGation, employability, and life skills. We were re-accredited as a Centre of Excellence in Financial Education (Nov 2024) and awarded the Quality in Careers Standard (Jan 2025). Launched in September 2024. Ihe Puddle Project strengthens outdoor leBmlng and family engagement. Residentials now span KS24, and Staff training is underway to support a future Duke of Edinburgh programme. A new inilialive promotes interest-led learning and wellbeing, while careers education is expanding through work placements and an SEN careers fair. We're currently working toward reaccreditalion for NAS Advanced and Beacon Status, supported by multiwagency partnerships including Section 175 audits and borough-wide collaborations. Our Admissions Officer is streamlining processes, wlth a strong waiting list of 77 learners. Leadership developmenl remains a priority, with staff pursuing NPQS. NPQH, 8nd Level 7 Coaching, alongside embedded weekly CPD. 36 staff are trained Youth Mental Health First Aiders, with ongoing training in ELKLAN and Talking M8ts. To deepen community engagement and life skills, we're explorlng learner particlpallon In the Sea Cadets and developing a school radio stalion in partnershlp wllh One Fylde Radlo. Ascent Autlsm Specialist College Ascent Autism Specialist College experienced a year of signSflcant growth and Impact In 2023124. reflecting our continued commitment to high-quality education and support for autistic students. Studént &nrDlmènt rose from 34 to 43 application5 for 2024125, wllh 41 offi¢lally ￿gIStered-h1ghllghtlng our growing reputation wilhln the community, We continue to offer a wide range of vocational pathway5, from Entry Level 1 to Level 3, including BTECS, Open Awards, Gateway qualifications, and functional skills through City & Guilds and Open Awards. Our Supported Intemships Programme secured pla￿MentS for three students on bespoke packages, strengthening employabllity through real-wortd experience. staff development remained a prlorSty.' 10 educ8tlon staff trained in TSI (Training In Systematic In$tnictlon>, four pursued NPQSL qualifications, and two achieved NPQH enhancing our gpecialist expertise. Our efft)rts gained national recognition with award shortlistings from TES, Pearson, Natspec, Liverpool City Region. Education Today, and Educate. The launch of the Ascent Autism Advice Foiums (AAA) provided vital onllne support around autism, safeguardlng, financial awareness, independence, and employment plannlng. We further enhanGed employability support by appointing 8n Employmenl Engagement Officer, bulldlng partnerships w(th employers such as Vinci Construction, Haydock Park Jockey Club Catering, Little Foxes Nursery, WN7 Sports and Fitness, and local educalional institutions Including Sl Helens College and Liverpool Hope University- As part of our slrateglc development. we secured a new site within a local office park. Refurbishment begins in 2024125. expanding our capacity and facilits'es. Our students also made thèir voices heard-advocaling in Parliament on SEND and education, supporting the Natspec conference, and hosting wellbeing events that strengthened peer support across campus. The progress in 2023124 reflects our unwavering dedication to empowering aulistic individuals to thrive. As we look ahead, we remain committed to growth, opportunity, and meaningful impact for all members of our community. REMARKABLE AUTISM LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Sundlal Therapy Servlce This year the focus of the therapy service has been on consolidating work done last year on the embedded model. Thè team have been working closely with the AEPS in school and college to link up therapy and education. This has included Jolntly delivered training in school, class check-ins to support consistency of strategy and approach appllcation and multldisciplinary planning in Gollege for therapy delivery. Direct therapy continues to be provided. where appropriate, and class-based sessions have been used lo support transfer of skills for leamers and students, as well as upskilllng staff Ihrough modelling and coaching. The PBS service has now launched, and our PBS lead has been meeting regularly wilh Ihe AEP3 lo plan and Implement the roll out. The tearn has been supporting with post-incident support, debriefs and PBS plan writing and reviews. While the PROACT-SCIPr-UK instructors have been busy updatlng 8nd training for as many staff as possible. We have also slgned up to the Restralnt Reduction Network and committed to an action plan to support us in reducing the use of restrictlve practices across Ihe organisation. Our top 3 priorltles have been agreed as.. Ensure Ihat staff are trained In PBS and PROACT-SCIPr-UK@ to a level that Is approprlate to their role. 2. To reduce the use of reslriclive pracliGes and improve quality of life for all stskeholders. 3. To be able to critically analyse the use of PBS approach and the Impact on quality of life for all Stakehold8r8. CPD is well Supported within the team to ensure that all staff remain up to date with current best practice and are utlllslng evidence-based assessment and interventions. Members of the team are 81so linked to a range of speclal Interest and neurodiversity affirming groups. SunDIAL have also begun working on an outreach offer of tr8ining for families and other organisaticns supporting neurodivergent Indlvlduals. The alm of thls training is to prornote n8urodiversity affirming practice and improving the lives of autistic individuals in the wder cornmunity. This offer ha5 been well received, and further bookings have been sècured as a result, increaslng opportunit1¢5 for Income generation by the team. Recruitment has been a challenge which appears to be a common Iheme across the sector. SunDIAL have therefore linked up with Huddersfield University to support apprenticeships. The therapy tearn now Gon51Sts of Head of therapy (who is qualified as a Sensory Integration OTI, 3 SaLTs, 2 OTS, 2 OT apprentices, therapy assistanl and therapy dog and PBS lead. The team Is also supported by muslc ther8plsts and consultlng psychologists who are commissioned in as appropriate. Financlal review The maln source of incomels 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 need for reserves in line with the guidance issued by the Charity Commission. The trustees believe that. in addilion to known commttrnents to students and employees. Any excess, unless otherwlse approved by the Trustees, Is to be issued for the benefit of the students. An analysis of reserves al 31 August 2024 reveals that of total reserves of £5.921.040. £2,970,147 was held as unrestricted fixed assets and the £26,857 was held as ￿$trIcted funds, leaving a balance of £2,924.036 after taking in to account the pension SUTplus of £nil. Free reserve5 at 31 August 2024, excluding the pension liability, therefore amounted lo £2,924.036. Based on the year ended 31 August 2024 expenditure totals, this meels the policy on reserves set by the Trustees. Res&Thes policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintalned at a level equivalent lo belweer) three and six month's expenditure. The Iruslees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo contlnue the charity's current activities while consideration is given to ways in which additional funds may be r8ised. This level of reserves has been maintained throughout the year. REMARKABLE AUTISM LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Investment pollcy and obJ6Ctlves Under the Memorandum of Association, the trustees have the power to deposit or invest funds not irnrnediately required for the furtherance of ils objects as may be thought fit. During the period trustees consldered the rnost appropriate policy for investing surplus funds lo be that of purchasing elhical investments through the charity fund investment managers CCLA. The charity also owns fixed asset investrnenls that were left lo it as a legacy in the form of quoted inv&slments of which approximalely 50% are narrow-range investments and 50°/o a broader range. The TTuslees have assessed the major rlsks to which the Chariiy is exposed, and are satisfied that systems are Sn place to miligate exposure lo the major risks, under the guldance of the investment managers. The organisation monitors risk closely with defined review dates, to ensure that all activities are under review, with risk assessments and mitigation plans document and implemented. The board review risk at each Trustee meeting and define the current key risks to the organi5alion as being: Regulatory risk Ihrough the potenlial for adverse findings by OFSTED., Financial risk through fluctuatlons In stock markets havlng a negatlve Impact on both Snvestmenl portfolios and the defined beneflt pension scheme., Flnanclal risk Pressures through the cost of living crisis, with increasing salary costs and the potential for industrial action impacting the charltable activiti8s of th8 organlsation,. and, Operational risk through a shortag8 of applicants to be 3kllled roles. Structure, govemance and management The charlty Ss controlled by its governlng document, a deed of trust. and con$lllutes a Ilmlted Company, 1Smited by guarantee, as defined by the Companles Act 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to Ihe date of signature of Ihe financial statements were.. Mr S J Canning {Appolnted 22 Apdl 20241 Mi P K C Carpenter (Appolnled 22 Aprll 20241 Mrs A Ephraim (Resigned 20 January 2024) Mr T Harte (Resigned 23 July 2024) Mrs D James (Appointed 22 Aprfl 20241 Mr M Miller Mrs K Morley Mr K Parmar Mr L E Potter Mr D S Whalley (Appointed 22 April 2024) {Reslgned 27 January 20251 Appoinlment of Trustees Trustees are appointed by members and Serve for three years after which they may put themselves forwards for re- election. Trustees appointed other than at Ihe Annual General Meeting serve until the next Annual General Meeting at vthich they rnay pul themselves fO￿ard for re-election for a further three year term of office. Trustees delegate responsibility for the day-to-day operallon of the school and college to an appointed Governing Body, approvèd by the Non-mainlained Special School Regulations {NMSS) board ofthe Department for Education. There are parent representatives on this board. The Governing Body ha5 a very detailed governing document, the Instrument of Government, and all cornmiltees have term5 of reference All trustees sign a dedaration to confirm they are not disqualified from acting as a charity trustee under the provision5 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 IDBD) check and receive in-house safeguarding training and updates. REMARKABLE AUTISM LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Induction and training of trust8e5 Induction and tralnlng of newtrustees Newly appointed trustees participate in an orientation programme. The objective of the programme Is lo brief Ihem on their legal obligations under charity and company law, the conlenl of the Memorandum and Articles of Associalion, the committee and decision making processes, the business plan and recent financial performance of the charity. During Ihelr induction period Ihey meet key employees and other trustees. Trustees are encouraged to attend appropriate exlernal Iraining events where these will facilitate the undertaking of their role. Rlgk management The organlsatlen monitors risk closety through an independent Risk Audit Committee with defined review dates, to ensure Ihat all activities are under revSew, with Risk Registers in place for all areBS of the organis8tion, with mitigation plans documented and implemented. Each sub-committee reviews ihe Risk Regisler specific to their area of responsibllity and the board revi8w risk at each Trustee meeting and define the current key rlsks to the organisation as being: Regulatory risk through the polenllal for adverse findlng$ for OFSTED, Financial rlsk through fluctuations in stock markets having a negalive impact on both investment portfollos and the defined benefit pension scheme, Financl81 risk pressures through the cost of living crisis, with increasing salary c05tS and the potentlal for industrial actlon impacting Ihe charitable activities of the organisation., and, Operational r68k through a shortage of applicants lo skilled roles. Slatoment of trusteeg, re$pon8lbllltles The truslees, who are also the directors of Remarkable Aulism Ltd for the purpose of company law, are responsible for preparing the Trustees, Report and the financlal statements in accordance with applicable law and United Kingdorn Accountlng Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financlal year whlch give a true and f8ir view of the stale of affairs of the charity and of the incoming resources and application of resources, inoluding the Income and expenditure, of the charllable company for that year. In preparing these financial statements, the trustees are ￿quIred to.. select suitable accounting policie5 and then apply them consistently., observe the methods and principles in Ihe Charities SORP: make judgements and esllmales that a￿ 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 operation. The trustees are responsible for keeplng adequale accounting records that disclose with reasonable accuracy al any time the financiel position of the tharity and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitie5. Auditor Xelnadin Audit Limited were appointed as auditor to the company and a resolulion proposing that they be re- appointed will be put at a General Meeting. REMARKABLE AUTISM LTD TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Dlsclosure of infomiatlon to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, bul of which the audilor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such infomiallon. The trustees, report was approved by the Board of Trustees. Mr M Miller Trustee 22 Aprol 2025 REMARKABLE AUTISM LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REMARKABLE AUTISM LTD Oplnlon We have audited the financial statements of Remarkable Autism Ltd (the 'charity') for the year ended 31 August 2024 which comprise the statement of flnancial activities, the balance sheet, the statement of cash flows and notes to the financial Statements, induding significant accounting policies. The financial reporting framework thal has been applied in their preparation is appllcable law and United Kingdom Accounting Slandards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng Practice). In our opinion, the financial statements.. give a true and fair view of the slate of Ihe charilable company's affairs as at 31 August 2024 and of Its incoming resources and applicatlon of resources, Includlng its Income and expènditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in a￿OrdanCe with the requlrements ofthe Companies Act 2006, Basls for oplnlon We conducted our audit in accordance wlth International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities lor the audit of the financial statements sectlon of our report. We are independent of ihe Chariiy In accordance with the ethical requlrement5 that are relevant to our audit of Ihe financial Statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our ather ethical responsibilities In accordance with these requirements. We belleve that the audit evidence we have obtained is sufficlent and appropriate lo provide a basis for our oplnion. Concluslons relatlng to golng concern In audillng the flnancial statements, we have concluded that the trustees, use of the golng concern basis of 8ccounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we ttave not identified any material un¢ertaintie3 relating to events or conditions that, Individually or collectlvely, may cast Significant doubt on the charity's ability to continue as a going concern for a period of at least ￿e1ve months trom when the financial slalements are Buthorised for Issue. Our responsibilities and the responsibilitles of the trustees with respect to going concern are described in Ihe relevant sections of thls report. Other Infomiatlon The other informaticn comprises the informalion included in the annual report other than the financial statements and our audilorfs report Ihereon. The trustee5 are responsible for the other infomialion contained within the annual report. Our opinion on the financial statements does not cover the other information and, excepl to the extent othepwise explicitly stated in cur report, we do not express any fomi of assurance conclusion thereon. Our responsibllity IS to read the other information and. in doing so, consider whether the other informalion is materially Inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materlally misslated. If we identify such material inconsistencies or apparent malerial misstatements, we are required to determine whether this gives rise to a material rnisstaternenl in Ihe financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misststement of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinions on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the woik undertaken in the course of our audit.. the Information given in the trustees. report for the financial year for which the financial statements are prepared, which indudes the directors. report prepared for Ihe purposes of company law, is consistent with the financial statements: and the directors, report included wlthin the trustees, report has been prepared in accordance with appliGable legal requirement5. REMARKABLE AUTISM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REMARKABLE AUTISM LTD Matters on which we are required to report by exception In the light of Ihe kn￿￿edge and understanding of the charity and its environment oblained in the course of the audit, we have not identified material misslatements in the directors, report included within the trustees, report. We have nolhlng to report in respect of the following matters in relation to which the Companie5 Act 2006 requires us to report to you if. in our oplnion: adequ8t6 accounting records have not been kept. or returns adequate for our audit have not been received Irom branches not visited by us., or the financial statements are not In agreement with the accounling recoids and retums; or certain disclosures of trustees, remuneiation specified by law are nol made- or we have not received all the information and explanations we require for our audit. or Ihe trustees were not enlilled to prepare the financial statements in accordance with the sm811 companies regime and lake advanlage of the small companies, exemptions in prep8rlng the trustees, report and from Ihe requirement lo prepare a strategic report. Responslbllltles of trustees As explalned more fully in the statement of trustees, responsibilities, Ihe trustees, who are also the directors of the charity for the purpose of comp8ny18w. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statemen15 that are free from material misstatement, whether due lo fraud or error. In preparing thè financial statements, Ihe trustees are responsible for asse33ing the charity's abllity to continue as a going concern, disclosing, a5 applicable, rnatters related to going concem and uslng the going concem basis of accounting unless the tru8tee5 either intend to liquidate the charitable Company or lo cease operalions, or have no realistic allemative but to do so. AudIt0￿5 re5pon51bllliies for the audlt of Ihe financial statements Our objectives are to obtain rea50nable assurance about whether the financial statements as 8 whole are free from material misslalernenl, whether due to fraud or error, and lo Issue an auditorfs report that includes our opinion. Reasonable a55urance Is a high level of assurance bul is nol a guarantee that an audit conducted In accordance wllh ISAS IUKI will always delect a material misstatement when It exlsls. Mis5tatemenls can arise from fraud or e￿or and are considered matèrial If, individually or in the aggregate. they could reasonably be expected to influence the economlc declsions of users taken on the basi5 of these financial statements. Irregularities, including frdud, are instances of non Net movement In funds 10 1,394,198 116,039) 1,378,159 453,255 40,229 493,484 Reconclllatlon of funds: Fund balances at 1 September 2023 4.526,842 42,898 4,569,738 4,073,587 2.667 4,076,254 Fund balances at 31 August 2024 5.921,040 26,857 5,947.897 4,526,842 42,896 4,569.738 The statement of financial èctivities indudes all gains and losses recognised in thè year. All income and expenditure derive from continuing activities. The statement of financial activities also complie5 Wtth the requlrements for an income and expenditure account underthe companle5 act 2006. 12- REMARKABLE AUTISM LTD BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Notes Flxed assets Tangible assets Investmenls 15 16 2,950,705 19,442 2,964,138 19.442 2,970,147 2,983,580 Current assets Debtors Inveslmenls Cash at bank and in hand 18 19 455.100 1,122.359 1,890,966 245,854 1,029,191 962,307 3,468,425 2,237,352 Credltors: amounts falling due wllhln one year 21 (337,8531 {477,8291 Net current assèts 3,130,572 1,759,523 Totsl assets less current Ilabllltles 6,100,719 4,743,103 Credltors: amounts lalllng due after more than one year 22 {152,822) 1173,365) Defined benefit penslon liability 24 Net assets 5.947,897 4,589,738 The funds of the charlty Restricled income funds Unrestricted funds 25 26,857 5,921,040 42,896 4,526,842 5,947.897 4,569,738 The financial slalements were approved by the trustees on 22 April 2025 Mr M Miller Trustee Company registration number 05068428 (England and Wales) 13 REMARKABLE AUTISM LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes ash flows from operatlng activities Cash generatéd from operations 31 1,106,673 487,286 Investing actlvltles Purchase of tangible fixed assets Purchase of investments Investment Income recgived 1189,031) (148,5741 1400,0001 25,171 31,824 Net cash used In Investlng actlvities (157,2071 (523,403) Financlng actlvities Repayment of bank loans (20,8071 121,075) Net cash usod In flnancing actlvltlos (20.8071 (21,0751 Nèt Incrèa5el(decroaso1 In cash and cash equivalent8 928,659 157,192) Cash and cash equivalents at beginning of year 962,307 1,019,499 Cash and cash equlvalents at end of year 1,890,986 962,307 14- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcle$ Gharlty informatlon Remarkable Autism Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office Is 449 Wargrave Road, Newton Le W111ows, Merseyside, WA12 8RS. 1.1 Accounting conventlon The financial statement5 have been prepared In accordance with the charity's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accardance with the Financial Reporting Standard appllcabl8 in the UK and Republic of Ireland (FRS 1021 The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterllng, whlch is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financlal ststements have been prepared under the histOriC81 cost convention. The principal accounting policies adopted are Set out below. 1.2 Golng concern At the Ilme of approvlng the financjal stalemen13. the trustees hav8 a reasonable expectation that the charity has adequate resources to continue in Dperational existence for Ihe foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalemenls, 1.3 Charltable funds Unrestricted funds are avallable for use at the diBcretion of the trustees In furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donor5 or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial sta18menls. 1,4 Income The charity receives governmenl grant5 in respect of Student fées. Income from government grants and other grants is recognised at fair value when the charity has entitlement once any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement Ss not met Ihen these amounts are deferreLI. Grants received to help flnance the actlvitles of the charity are credited to the Statement of financial activity in the period lo which they relate. Grants are recognised at fair value when the charity has entilletnent after any perforrnance conditions have been met.. il Is probable that the income will be received and the arnoullt can be measureLI reliably. Grants received in advan￿ of a period in which the funder ￿qUireS 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. 1.5 Expendlture Liabilities are recognised a5 expenses as soon as there is a legal or constnjctive obligation committing the charity to that expenditure, it is probable that a Iransfer of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure Is accounted for on an accruals basis and has been classified under headings Ihat aggregate all costs related to the category. What costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 15 REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcles {Continued 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenlly measured al cost or valuation, nel of depreciation and any impairment losses. Depreciation Is recognised so as to wriie off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and bulldings Flxtures and fittings Computers Motor vehicles 2% oncost 25Q/D on cost 25010 on cost 25¢/4 reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and th8 carrylng valu8 of the asset, and is reGognised in Ihe statement of financial activities. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaction price excludlng iransactlon c031s. and are subsequently measured al fair value at Èach reportlng date. Changes in fair value are recogni5ed in net Incomel(expendlturel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govem the financial and operatlng policies of the 8nlity so as to obtain benefit5 from its activities. 1.8 Impalrn)ent of flxed assets At each reporting end date, the charity reviews the carrying amounts of Its tangible assets lo delemiine whether there is any Indlcatlon that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment loss (if any). 1.9 Cash and cash equivalents Cash and cash equivalents Include cash In hand, deposlts held at call with banks, other short-term liquid investments with original maturilles of three months or less, and bank overdrafts. Bank overdrafts. where utllised, are shown within borrowings in current liabilities. 1.10 Flnanclal Instmments The charity has elected to apply the provisions of Section 11 'Basic Financial In5trumenls' and SectSon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financ131 instruments. Financial Instruments are recogni5ed in the charity's balance sheet when Ihe charity becomes paty to the contractual provisions of the Instrument. Financial a5sels and liabilities are offset, with the net amounts presented in the finanGial ststements, when there is a legally enforceable right lo sel off the recognised amounts and there is an inlention to settle on a net basis or to realise the asset and sellle Ihe liability sirnultaneously. Basic financial assets Ba5iG financial assets. which include debtors and cash and bank balances. are initially measured at transaclion price Including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaclion, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financlal assets classified as receivable within one year are not amortised. 16 REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies {Contlnued Bas1¢ flnancial liabilities Basic financlal Ilabllities. including creditors and bank loans are initially recognised al transaction PTiGe unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the futUTe payments discounted at a market rat8 of interest. Financial Ilabilities classified as payable within one year are not amortised. Debt instruments are subsequenlly carried at amorti5ed cost, using the effectlve interest rale method. Trade creditors are obligations to pay for goods or servlces thet have been acqulred In the ordlnary Course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabllltles Flnancial liabllltles are derecognised wh8n the charity's contractual obligations expire or 8re discharged or cancelled. 1.11 Taxation The charity is exempl from corporation tax on Ils charitable activilles. 1.12 Employee benellts The Cost of any unused holiday entitlemenl is recognised in the perlod In whl¢h the employee's servlces are received. Temilnatlon benefits are reGognised imm8dlately as 8n expense when the charity is demonstrab￿ committed lo lermlnate the employment of an employee or to provide lerminatlon b8n8fits. 1.13 Retirement benefltl Payments to defined contrlbutlon retirement benefit schemes are charged as an expense as they fall due, 1.14 Leases Rentals payable under operating leases, including any lease Incentives recelved, are charged a8 an expense on a slraight line basis over the teTm of the relevant lease. 17- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Crltlcal accounllng estifflates and Judgements In the application of the charity's accounting policies, the tnjstees are required lo make judgements, estimates and assumptions aboul the carrying amount of assets and liabilitles that are not readily apparent from other Sources. The estimates and associated assumptions are based on historical experience and other factors thal arè considered to be relevant. Actual results may differ from these estlmates. Thè estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revislon affec15 only that period, or in the period of the revision anii fulure periods where the revision affects both current and future periods. Key 6ourc86 of estlmation uncertainty Dellned beneflt penslon schemè The presenl value of the defined benefit pension scheme liabilily (or 8$setl depends on Ihe number of factors that are delermined on an actuarial basis using a variety of assumptions. the assumptions used in determlnlng the net cost or income for pensions. includes. amongst others, the dSscounl rate. Any changes in these assumptions, which are disclosed in note 24 to the accounts, will impact the carrying amount of the pension Ilability (or asset). Depreclatlon Th& useful economic life of iangibl8 fixed asset5 is judged to beat the point of purchase and revlewed at each financi81 reporting dare. this judgement is based upon the trustees experience of managing the 5Ghool and th8 assels within it. Including their expected lifetime of use. Income from donatlons and legacies Unrestrfcted Restrlcted fund8 funds 2024 2024 Total Unre8trlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Legacies Grants 546 546 252,471 30,809 30,809 112,926 252,471 112,926 546 252,471 253,017 30,809 112,928 143.735 Income from charltable actlvltieg Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Educatlon & Care Se￿ICe& School fees & funding Grants 7,806,710 5,333 7.812,043 5,563.987 65,981 8.000 5,571,967 65,981 7.806.710 5,333 7,812,043 5,629,948 8.000 5,637,948 18- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from other trading actlvltles Unrestrlcted Unrestricted fund5 funds 2024 2023 Fundraising events 1,489 1,193 Income Irom investments Unrestricted Unrestricted fund9 funds 2024 2023 Income from Ilsted investments 31,824 25,171 Olher Income Unrestricted Unrestricted funds funds 2024 2023 Other incom8 2,937 12,823 19 REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on charltsble actlvllies Educatlon & Educatlon & Care are SeNlces Serrfice8 2024 2023 DSrect costs Sl8ff costs Equipment & actlvities Educational spend 3,772.596 56,020 407,134 2,904.806 48,754 238,568 4,235,750 3.192,128 Share of sUPPOrt and governance costs Isee note 91 Support Govemance 2.298,382 171,284 1,847,445 159,227 6,705,396 5,198,800 Analysls by fund Unrestricted funds Restrlded funds 6,429,711 275,685 5,118,103 80.697 6.705,396 5,198,800 Support costs allocatsd to actlvlties Educatlon & Care Sorrflce8 2024 Total 2023 Staff costs Depreciation Operating lease charges Repairs & maintenance Agency & supply staff Olher expenses Telephone Food & consumables Insurance Heal & light Bank interest Governance 798,154 202.464 50,350 249,740 575.344 111,431 6,639 121,836 77,517 85,230 12.906 178,035 694,700 157,288 29,221 222,219 431.616 60,080 5,812 114,085 70,307 49,271 12.846 159.227 2,469,646 2,006,672 20- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support COSts allocated to a¢tlvltles (Contlnuedl 2024 2023 Governance costs comprfse: Audit fÈes Accountancy Legal and professional Recruitment 17,790 2,000 115,559 42,686 10,836 3,135 96,696 48,560 178,035 159,227 40 Net movement in fund8 2024 2023 The net movement in funds is stated after charglngl{credlllng>'. Fees payable for the audit of the charty's financial statements Depreclation of owned tangibl8 fixed assets Operating lease charges 12,000 202,464 50,350 11,660 157,288 29,221 11 Trustees None of the trustees lor any persons Connected with them) received any rernuneration or b8nefits from the charity durlng the year {2023: £nill. One tTU5tee had expenses reimbursed durlng the year to the value of £nll (2023.. £1051. 12 Employees The average monthly number ofemployees during the year was: 2024 Number 2023 Number 130 121 Employment costs 2024 2023 Wages and salaries Social security Costs Other pension eosts 3,751,034 299,747 519,969 3,007.387 254.647 337,472 4,570,750 3.599.506 21 REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Employee8 (Continued) The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number £60,000- £70,OOD £70,001- £80,000 £80,001- £90,OOD £90,001- £100,000 £100,001- £110,000 £150,001- £160,000 11 10 13 Galns and losses on Investments Unrestricted Unrestrlcted lunds funds 2024 2023 Galnsl(Ios5es) arising on.. Revaluation of investments 93,168 112,640) 14 Taxatlon The charity Is exempt from taxation on its activilies because all ils income Is applied for charitable purposes. 16 Tangible fixed assets Frgehold land Flxtur•s and nd bulldlng5 fittlng$ Cornpul•rs Motor vehlcle8 Totsl Cost Al 1 September 2023 Additions Dlsposals 3,996,112 14,298 423,840 35,849 (48,3081 74,022 52,932 274,173 4,768,147 85,955 189,034 {48,3081 At 31 August 2024 4,010,410 411,381 126.954 360,128 4,908.873 Depreclatlon and Impalrrnent At I S&pt&mber 2023 Oepreciation charged in the year Eliminated In respect of disposals 1,291,001 71,993 361,231 40,567 148.308) 24,313 31,739 127,467 58.165 1,804,012 202,464 148,3081 At 31 August 2024 1,362,994 353,490 56,052 185,632 1,958,168 Carrying amount At 31 August 2024 2,647,416 57,8g1 70.902 174,496 2,950.705 At 31 August 2023 2,705,111 62,611 49,710 146,706 2,964,138 22- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Tanglble fixed assets (Contlnued The bank loan is Secured by a first legal charge oveT the commerclal freehold property registered under MS558810. 16 Fixed assèt Investments Listed other Investments Investmonts Total Co81 or valuatlon At 1 September 2023 & 31 August 2024 19,441 19.442 Carrylng amount At 31 Augusl 2024 19,441 19,442 At 31 August 2Q23 19,441 19,442 2024 2023 Other Snvestments comprise.. Note8 Investments in subsldlarles 30 17 Flnancial instruments 2024 2023 Carrying amount of flnanclal assets Instruments measured al fair value through profit or loss 1,122,359 1,029,191 18 Debtors 2024 2023 Amounts falllng due withln one year. Trade deblors other debtors Prepayments and accrued Income 216.644 173,590 64,866 145,646 48,880 51,328 455,100 245,854 19 Current asset Investments 2024 2023 Unlisted investments 1,122,359 1,029,191 23- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Loans and overdrafts 2024 2023 Bank loans 175,430 196,237 Payable within one year Payable after one year 22,608 152.822 22.872 173,365 Amounts induded above vlhich fall due after five years.. Payable by Instslmenls 43,258 81,878 The bank loan is secured by a first legal charge over the commercial freehold propety realster under the trtle number MS558810. The bank loan Is repayable In monthly instalments, wlth the latest instalment due in December 2030. The interest rate in place during the year was 2,25Vo above the Base of England base rale. 21 Credltors: arnount8 falling due wlthln one year 2024 2023 Noles Bank loans Other taxation and sodal securlty Deferred Income Trade creditors Other creditors Accruals 20 22,608 83,666 22,872 63,691 56,813 196,976 45,543 91,934 23 117,758 61,448 52,373 337,853 477,829 22 Credltors., amounts falling due after more than one year 2024 2023 Notes Bank loans 20 152,822 173,365 23 Deferrèd income 2024 2023 Other deferred income 56.813 Deferred income Is included in the financial statements as follows.. 24- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 23 Deferred Incomo {Conlinued) 2024 2023 DefeTred income is included within: Current liabilities 56.813 Movement5 in the year.. Deferred Income at 1 September 2023 Released from previous periods Resources deferred in the year ,813 (56,8131 137,715 (137,715) 56,813 Deferred income at 31 August 2024 58,813 24 Retlrement benefit schemes 2024 2023 Deflned ¢ontrlbullon schemes Charge to profit or loss In respect of deflned contrlbutlon schemes 519,969 337.472 25- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 24 Retirement benoflt schemes (Continued Teaching staff The charity Contrlbutes to The Teachers Pension Scheme {England and Wales), which provides benefits based on final pensionable salary. The charity is unable to identify its share of the underlying assets and liabllltles in the stheme. Employers, contributions are paid within th8 scherne guidelines of 23.68% of pensionable salary. The Teachers Penslon Scheme ITPSI Is a stalulory, contributory defined benefit scheme. govemed by the Teachers Pension Scheme Regulations 2Q14. Membership is automalic for teachers in academy truyts. All teachers have the option to opt out of the TPS following enrolmenl. The Govemment Actuary, using nomial actuarial principles, conducts a formal actuarial revlew of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Capl Direclions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarlal scheme valuations are dependent on the assumptions about the value of future costs, design of benefits and many other factors, The latest aduarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 26th October 2023. The key elements of the valuation and subsequent consultation are.. Employer contribution rates are 581 at 23.68% of pensionable pay (including a 0.08% employer administration charge). Total scheme liabilitie5 (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million, and noilonal assels (estimated future ¢ontribulions together with the notional investments held at the valuation datel of £222,200 million glvlng a notlonal past seNl¢e deflcll 01 £39,800 million. The SCAPE ratè, sèt by HMT, is used lo determine the notional investment retum. The current SCAPE rate is 1.7¥0 above the rale of CPI. The assumed real rale of return is 3'/c in excess of prices and 40/0 in excess of earnlngs. The rale of real earnings growth is assumed to be 1 Vg, The assumed nominal rate of relum induding earnings growth is 5D/4. A copy of the valuatlon report and supporting documentation is on the Teachers Pensions website. Under Ihe definitions set 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 it were a defined contribution scheffle. The charity has set out above the informatlon available on the Scheme. Non-teachlng staff The charity operates a Group Personal Pension Plan IGPPPI for all members of non-leaching staff in line with autfrenrolment legislation. This is al B rate of 4.8QA employee and 8010 employer. 26- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Retirement benefit 5chernes {Contlnued} Defined beneflt schemes The April 2012 actuarial valuation highlighted a requirement to significantly increas8 the funding rale to in excess of 40010 of the salary roll lo mainlain Ihe 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 receivlng benefits for longer. In addition. gill yields were at their lowest point for many, many years, and thi5 was the factor that regulated annulty rates, in other words, the cost of providing the final salary bènefits was escalallng to levels that Gould not be justified. After much dlscusslon, the Trustees agreed Ihal Ihe scheme would be shut to future accrual (as at 31. December 20131, this meant simply ihal members of the scheme would nol earn any more entitlement to benefits afler the scheme closed lo future accrual. However. any benefits earned to date would be protected and would also be revalued going forward to help protect its value against inflation. The pension cost Is detemined on the advice of independent qualified actuaries. The pension cost ft)r Ihe year is based on the results of the actuarial valuation of the scheme as al 31 st March 2024. George Whittaker FIA, of Broadstone Corporate Benefits Limited. independent actuarles to the scheme, completed actuarial valuations based on the value of the fund at 31 st March 2024. The results of the actuarl81 valuation shows that there is a projerted surplus in the pension fund of £760,000. Based on the results of this valuation, the Trustees have agreed a new Schedule of Contributions, whereby funding contributions are not required. The actuary hBS provided calculations on the stheme as at 3111 August 2024 they have prepared the calculations in accordance with Ihe Financial Reporting Council's actuadal slandard TAS 100. At the date of this calculation, the scheme wa5 no longer in deficit and is fully funded. Key assumptions 2024 2023 Dl$count rate Expected rale of Increase of pensions In payment Expected rale of salary increases Retail price inflation Consumer price inflallon 4.95 3.05 2.55 3.05 2.55 5.05 3.00 2.55 3.15 2.55 Mortality assumptions The assumed life expectations on retirement at age 65 are.. 2024 Years 2023 Years Retiring today Males Females 21.2 23.7 21.4 23.9 Retiring in 20 years Males Females 22.5 25.2 22.6 25.3 27- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 24 Retirement benefit schemes (Contlnued Amounts recognisad in other comprehensive income Costg(income).' 2024 2023 Actual return on scheme assets Less.. calculated interest element 1467,000) 131,000 200,000 139,000 Return on scheme assets excluding Interest income Actuarlal changes related to obllgatlons 1336,0001 514,000 339,000 (640,0001 Total costsl{income) 178,000 1301,000) The amounts included in the balance sheet arising from the charity's obllgations In respect of defined benefit plans are as follows.. 2024 2023 Liabilitiesllassetsl: Present value of defined b8n8fit obligations Fair valuè of plan ass8ts 4,584,211 4,206.288 14,584,211) 14,206,288) Deflclt In scheme 2024 Movements in the pr8S8nl v81u8 of d81in8d b8nefit obligations Llabilitl85 at I Sep18mber 2023 Benefils paid Actuarlal galns and losses Interest cost Other 4,206,288 (200,0001 514,000 131,000 {87,0771 At 31 August 2024 4,584.211 The defined beneflt obllgations arise from plans whlch are wholly or partly funded. 2024 Movements in thé fair value of plan assets Fair value of assets at 1 September 2023 Interest income Return on plan assets (excluding amounts included In net interesti Benefits paid Contribulions by the employer 4,206,286 131,000 336,000 (200,0001 110,923 At 31 August 2024 4,584,211 The actual return on plan assets was £467.000 (2023 - £200,000). 28- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 24 Retirement beneflt schem85 (Contlnued) 2024 2023 F8ir value of plan assets Equty instruments Propety Gilts Bonds Cash & other 1,983,000 378,000 1,102,000 416,000 705.211 2,031,000 498,000 914,000 540.000 223,288 4,584,211 4,206,288 25 Restricted funds The restrlcted funds of the chaiity comprise the unexpended balances of donations and grants held on trusl subject to speGific condilion5 by donors as to how Ihey may be used. Atl Soptember 2023 Incomlng resources Resourc08 •xpend8d Transfers At 31 August 2024 DFC Grant ESFA PR & Sports Premium ESFA Pupll Premium ESFA Recovery Premium ESFA Teachers Pay Grant ESFA Teachers Pension ESFA Tutoring Grant MWRA Recycllng Grant SCA Grant 18,986 11,000 24,221 27,690 45.710 60,219 11,842) 5,333 66,487 118,9861 19,944) 138,4721 (26,77n 145,7101 160,2191 3,315 17,856 15,968 4,371 5,605 16,881 1,842 5,757 (11,0901 (66,4871 42,896 257.804 {275.8851 1.842 28,857 Previous yaar: At1 September 2022 Incomlng resources Resources expended Transfers At 31 August 2023 ESFA PE & Sports Premium ESFA Pupil Premium ESFA Teachers Pay Granl ESFA Teachers Pension ESFA Recovery Premium ESFA Tutoring Grant MRWA Recycling Grant Senior Men131 Health Grant 13.000 21.790 6,533 34.732 24.283 10,188 8,000 2,400 (9,8851 (3,9341 (6,5331 134.7321 (8.3151 110,168) (4,910) 12,4001 3.315 17,856 15.968 2,667 5.757 2,667 120,926 160,697) 42.896 -29- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 25 Restricted funds Icontlnued ESFA - this funding compromises of additlonal funding received for the furtherance of educatlon, which must be used in accordanc6 with speelfic terms of the grant. Mersèyside Recycling & Waste Authority (MRWA) Recycling Granl - once a year project lo reduce waste, increase recycling and encourage resource reuse. DFC this funding is to spend on capital improvements that enhance building Gondition, energy efficiency, or educational infrastructure. SCA- this funding is to malntsln and improve the overall conditlon of school bulldlngs. Additional Informatlon Durlng the year, the chartty repald £2,995 of restricted granl funding originally received in the prevlous year. The grant had been fully spent in the prior year, however this was returned in the current year as a dupllcate payment had been received. The repayment has been recorded as a negative restrlcted Income in the Statement of Financial Activities. During the year, the charity transferred £1.842 from unrestricted to restricted funds to cover the r8paymenl stated above. 26 Analy9ig of not assets between funds Unrestrlcted funds 2024 Restricted fund• 2024 Total 2024 At 31 August 2024: Tanglble assets Investrnents Current assetsl(Ilabilitiesl Long term liabilities 2,950,705 19,442 3,103,715 1152,822) 2,950,705 19,442 3,130,572 1152.822) 26.857 5,921,040 26.857 5,947,897 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 August 2023: Tangible assets Investments Current assetsllllabilities) Long term liabilities 2.964,138 19,442 1,716,627 {173.365) 2,964,138 19,442 1,759,523 1173,365) 42,896 4.526.842 42,896 4,569,738 30- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 27 Operating lease commllments Lesgee At the reporting end dale Ihe charity had outstanding commilmenls for future mlnlmum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Withln one year Be￿een iwo and five years 56.553 162,575 29.607 10,194 219,128 39,801 28 Capltal ¢ornmitment8 Amounls contracted for but not provided in th8 financial stalements: 2024 2023 Acquisition of property, plant and equlpment 1,216,517 The 2024 capital commltmenls relale lo Ihe purchase of 11 The Parks, Haydock, St Helens whlch was ommitted to prior to the balance sheet dale and subsequently completed in September 2024. 29 Related party tran8actlon8 Transactlons wlth related parties During the year Ihe charity entered into the following Iran5aclions with r81ated parties.. 2024 2023 Key management personnel 510.126 408.854 510,126 408,854 Key management personnel are considered to be those employees ofthe Charity in positions of management and governance, who are not trustees or directors. 31 REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 29 Related party transactlons IcontSnued) Wargrave House Pension Scheme Limited. a domant subsidiary of the charitable company is Corporate Truslee to the Wargrave Housè Penslon Scheme, Ihe previously operating defined ben&fit pension scheme of the Charity, now closed to future accrual. During the year, the charitable company paid £110.923 (2023.. £115.746} into the pension scheme in line with the deficit funding requirements. At the year end Ihe balance due from the pension scheme to the charity was É62,762 (2023: £48.8801, as shown In note 18 of the financial statements. Mr R Bush Is s8cretsry of the Corporate Trustee. Mr G Van Os5 and Mrs C Re8ce are dlrectors of the Corporate Truste8. Mr R Bush and Mr G Van Oss are also considered key managem8nt personnel of the Charity. There are considered to be no other related party transactoons requiring disclosure. No guarantees have been glven or recelved by the charity. 30 Subsidiarles These financial ststements ar& Separate charity financlal 8talemenls for remarkable Autism Limited on Ihe basis that il has only one subsidiary entity which is a dormant Corporate Trustee company for that of the defined benefit pension Scheme previously operated by the ch8rily. The dormant subsidiary has not traded in the current year and exists for legal purposes only. Details of the tharily's subsidiaries at 31 August 2024 are as follows.. Name of undertaklng Regl$tered office Nature of bu91ne88 Class of 'h Held shares held Dlrect Indlrect Wargrave House School 449 Wargrave Pension Scheme Limited Road. Newton- Le-willows. Merseyside, WA12 8RS Pension Scheme Trustee Co Ordlnary 100.00 32- REMARKABLE AUTISM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 31 Cash generated from operations 2024 2023 Surplus for the year 1,4Bg,082 609,230 Adjustments for: Inveslrnent income recognised in statement of financial activities Fair value gains and losses on investments Depreciation and Impairmenl of tangible fixed assets Difference between pension charge and cash contributions 131,824) 193,168) 202,484 1110,923) {25,1711 12,640 157,288 (115.746) Movements in worklng capital: Ilncreasel in debtors IDeGreasel in creditors (Decrease) in deferred income (209,2461 (82,8991 (56,8131 (52,166) (17,887) 180,902) Cash generaled from operatlons 1,106,673 487,286 32 Analysis of changes In net funds At 1 Septsmbèr 2023 ¢A8h fflow8 At 31 August 2024 Cash at bank and In hand 962,307 928,659 1,890,966 Loans falling due within one year Loans f811ing due after more than one year (22,872) (173,365) 264 20,543 (22,608) (152,822) 766,070 949,468 1,715,536 33-