2020-08-31-accounts - The Royal School For The Blind Charity, Liverpool

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Patron			Her Majesty the Queen	Her Majesty the Queen
President			Miss JWoosey
Vice Presidents			Col M Amlbt OBEOStJ DL FRSA
			Dr D Withey MA	PhD FRSA
Treasurer			Mr M Rogers
Trustees			Col M Amlbt OBE OStJ DL FRSA
			HHJ G E Morrow	QC
			MrA Perry FRICS C.Eng M.l. Mech
			Mr B Lawlor LL.B
			Dr D Withey MA	PhD FRSA
			Mrs S I George LL.B M.Phil
			Dr SWinchester	MBCh.B Dobe RCOG MFCH
			Miss JWoosey
			Miss M MacCoss	BSc,PGCE
			Rev J Phtllips
			Prof. Emeritus B	Longden BSc,PEE, MSc, Ed
			D.
			Ms H Casstles		(Appointed	17December 2020)
			Mr M Rogers		(Appointed	17December 2020)
Charity number			526090
Principal address		8	Church Road North
Schooland			Wavertree
Administration	office		Liverpool
			L156TQ
			Telephone: 0151	7331012
			F&x;0151733 1703
			Email: karen. bibby@rsblind. co.uk
			Website: http://www. rsblind. org
Auditor			BWM
			Suite 5.1
			12Tithebarn Street
			Liverpool
			L2 2DT
Bankers			HSBC Bank PLC
			99-101Lord Street
			Liverpool
			L2 6PG

		Page
Trustees' report		1-9
Statement oftrustees'	responsibilities	10
Independent auditor's	report	11 - 13
Statement offinancial	activities	14-15
Balance sheet		16
Statement of cash flows		17
Notes to the financial	statements	18-31

Current financial year	Current financial year	Current financial year
				Unrestricted Unrestricted		Total	Total
				funds	funds
				general	revaluation
				2021	2021	2021	2020
			Notes	6		6	6
IttgggttL(tgin. Donations and	legacies		3	44,190		44,190	97,200
Charitable activities			4	4,213,782		4,213,782	4,100,901
investments			5	224,849		224,849	219,725
Total Income				4,482,821		4,482,821	4,417,826
Raising funds			6	53,240		53,240	50,201
Charitable activities			7	4,404,501	33,922	4,438,423	3,916,292
Total expenditure				4,457,741	33,922	4,491,663	3,966,493
Net gains/(losses)		on investments	13	1,650,785		1,650,785	(96,713)
Net movement	in	funds		1,675,865	(33,922)	1,641,943	354,620
Fund balances	at 1 September 2020			16,804,010	1,652,541	18,456,551	18,101,931
Fund balances	at	31August 2021		18,479,875	1,618,619	20,098,494	18,456,551

				Unrestricted	Unrestricted	Total
				funds	funds
				general	revaluation
				2020	2020	2020
			Notes	f	6
lggmmffgtn; Donations and	legacies			97,200		97,200
Charitable activities				4,100,901		4,100,901
investments				219,725		219,725
Total income				4,417,826		4,417,826
Raising funds				50,201		50,201
Charitable activities			7	3,882,370	33,922	3,916,292
Total expenditure				3,932,571	33,922	3,966,493
Net gains/(losses)		on investments	13	(96,713)		(96,713)
Net movement	in	funds		388,542	(33,922)	354,620
Fund balances	at 1 September 2019			16,415,468	1,686,463	18,101,931
Fund balances	at	31August 2020		16,804,010	1,652,541	18,456,551

					2021	2020
				Notes	f	f
Fixed assets
Tangible assets				14	6,071,936	5,670,210
Investments				16	12,015,791	10,435,761
					18,087,727	16,105,971
Current assets
Debtors				17	283,063	324,302
Cash at bank and	in	hand			2,082,018	2,118,156
					2,365,081	2,442,458
Creditors: amounts		falling due within
one year				18	(354,314)	(91,878)
Net current assets					2,010,767	2,350,580
Total assets less	current		liabilities		20,098,494	18,456,551
Funds ofthe charity
Revaluation reserve				20	1,618,619	1,652,541
Unrestricted funds	- general				18,479,875	16,804,010
					20,098,494	18,456,551

			2021		2020
		Notes			8
Cash flows from operating activities Cash generated from operations		25		255,533		164,258
Investing activities Purchase of tangible fixed assets Purchase of investments			(622,592) (1,998,031)		(50,395) (1,732,287)
Proceeds on disposal of invsstmsnts Investment Income and interest received			2,008,087 224,849		1,800,208 219,725
Net cash (used in)/generated from investing activities				(387,687)		237,251
Net cash used In financing	activities
Net (decrease)/increase in equivalents	cash and cash			(132,154)		401,509
Cash and cash equivalents	at beginning	ofyear		2,504,578		2,103,069
Cash and cash equivalents	at end of	year		2,372,424		2,504,578
Relating to: Cash at bank and in hand				2,082,018		2,118,156
Short term deposits included invsstmsnts	in fixed asset			325,723		386,422
Bank ovsrdrafts included in payable within one year	creditors			(35,317)
				2,372,424		2,504,578

Depreciation is calculated so as	to write	off the cost or valuation	off the cost or valuation	of an asset, less its estimated
value, over the useful economic	life of that	asset as follows:
Freehold property (at valuation)		2% per annum	on a straight line basis
Improvement works capitalised		Over 3or 10years on a straight line basis
Kitchen &other equipment		10or 20% per	annum	on a straight line basis
Furniture &furnishings		10%per annum	on a	straight line basis
Motor vehicles		20% per annum	on a	straight line basis

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2021	2020
		6	f
Donations	and gifts	18,314	29,981
Legacies	receivable	25,876	67,219
		44,190	97,200

			2021	2020f
Fees and other educational		funding	3,157,694	3,002,303
Nursery income			26,946	50,826
Respite, transport	and similar income		141,081	113,869
Social care			864,391	903,024
Room hire and other income			23,670	30,879
			4,213,782	4,100,901

		Unrestricted	Unrestncted
		funds	funds
		general	general
		2021	2020
		6
Income	from listed investments	222,485	207,614
Interest	receivable	2,364	12,111
		224 849	219725

6	Raising funds
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2021	2020
			f
	Investment management		53,240	50,201
			53,240	50,201
7	Charitable activities
			2021	2020
			f	f
	Staff costs		2,955,272	2,607,512
	Depreciation and impairment		220,866	147,468
	Rates, utilities and insurance		164,206	162,986
	Maintenance costs		240,738	381,645
	Cleaning contract		177,610	125,619
	Class and other consumables		80,981	61,171
	Therapy costs		274,683	130,644
	Catering costs		59,033	79,592
	Training costs		104,167	38,582
	Office and similar costs		95,448	123,254
	Motor and travel costs		50,696	42,339
			4,423,700	3,900,812
	Share of governance	costs (see note 8)	14,723	15,480
			4,438,423	3,916,292

Support	costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		f	E	E	f	f	f
Audit fees			5,993	5,993		5,730	5,730
Accountancy			8,730	8,730		9,750	9,750
			14,723	14,723		15,480	15,480
Analysed	between
Charitable	activities		14,723	14,723		15,480	15,480

The analysis of audito	r's remun	r's remun	eration is as follows:
Fees payable to the	charity's		auditor:	2021	2020
				E
Audit of the charity's	annual	accounts		5,250	5,250
Non-audit services
Taxation compliance	services			300	300
All other non-audit services				8,430	9,450
Total non-audit fees				8,730	9,750
In respect ofassociated pension schemes
Audit				743	480

The average	month	ly number of employees during t	he year was:
			2021	2020
			Number	Number
Senior management			6	6
Teachers			13	10
Education support		staff	50	40
Administration	8 other		16	12
Residential			7	6
Adult social care			27	28
			119	102
Employment	costs		2021f	2020
Wages and salaries			2,559,502	2,226,962
Social security	costs		176,109	160,603
Other pension	costs		210,830	202,406
Other staff costs			8,831	17,541
			2,955,272	2,607,512

The num	ber of employees whose annual remunerati	on was f60,000 or more were:
		2021	2020
		Number	Number
f60,001	tof70,000	2
f70,001	tof80,000

Net gains/(	losses) on	investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2021f	2020f
Revaluation	gain/(loss)	on investments	1,503,520	(3,270)
Gain/(loss)	on sale of	investments	147,265	(93,443)
			1,650,785	(96,713)

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	and property to ensure	and property to ensure	the b	ook value d	ally from the fair va	lue at ths year	end.
15	Financial instruments					2021	2020
						f	f
	Carrying amount	offinancial assets
	Debt instruments measured Instruments measured at fair			at amortised cost value through profit or loss		2,689,044 11,690,068	2,827,121 10,049,339
	Carrying amount	offinancial liabilities
	Measured at amortissd		cost			272,467	15,090
16	Fixed asset investments
					Listed	Cash in	Total
					investments f	portfolio
	Cost or valuation
	At 1 September 2020 Additions Valuation changes Change in cash Disposals				10,049,339 1,998,031 1,503,520 (1,860,822)	386,422 (60,699)	10,435,761 1,998,031 1,503,520 (60,699) (1,860,822)
	At 31August 2021				11,690,068	325,723	12,015,791
	Carrying amount
	At 31August 2021				11,690,068	325,723	12,015,791
	At 31August 2020				10,049,339	386,422	10,435,761

17	Debtors
	Amounts	falling due within	ons year:				2021 f	2020f
	Other debtors						281,303	322,543
	Prepayments and accrued income						1,760	1,759
							283,063	324,302
18	Creditors: amounts falling		due within one year
							2021	2020
						Notes	f	f
	Bank overdrafts						35,317
	Deferred	income				19	81,847	76,788
	Trade creditors						4,318	3,693
	Other creditors						17,725	387
	Accruala						215,107	11,010
							354,314	91,878
19	Deferred	Income
							2021f	2020 f
	Other deferred income						81,847	76,788
	Deferred	income is included	in	the financial statements	as follows:
							2021	2020
							f	f.
	Current	liabilities					81,847	76,788
							2021	2020
								f
	Total deferred income at 1 September 2020						76,788	45,644
	Amounts	received in year					81,847	76,788
	Amounts	credited to Statement		of Financial Activities			(76,788)	(45,644)
	Total deferred income at 31		August 2021				81,847	76,788

					Balance at 1 September 2010		Expenditure	Expenditure	Expenditure	Transfers	Transfers	Balance at 1 September 2020	Expenditure 3t	Balance at Auaust2021
												f	f	f.
	Revaluation reserve				1,686,463			(33,922)				1,652,541	(33,922)	1,618,619
	The expenditure the professional	of f33,922 (2020: f33,922) was revaluation of the charity's freehold							ths additional depreciation charges required property in August 2018.					following
21	Analysis of net assets between funds
				Unrestricted		Revaluation					Total	Unrestricted	Revaluation	Total
					general		reserve					general	reserve
					funds							funds
					2021 f			2021 f				2020 f	2020 f	2020 f
	Fund balances	at
	31August 2021
	are represented
	by:
	Tangible assets				4,453,317		1,618,619			6,071,936		4,017,669	1,652,541	5,670,210
	Investments Current assetsl				12,015,791					12,015,791		10,435,761		10,435,761
	(liabilities)				2,010,767					2,010,767		2,350,580		2,350,580
					18,479,875		1,618,619			20,098,494		16,804,010	1,652,541	18,456,551
22	Operating lease		commitments
	At the reporting end under non-cancellable			date the charity had outstanding operating leases, which fall due						commitments as follows:		for future	minimum lease	payments
													2021	2020
													f	f
	Within one year												7,612	26,734
	Between two and		five	years									41,129	48,741
													48,741	75,475

						2021f	2020f
	Aggregate compensation					198,864	194,864
	There were no other related party transactions			during	the year (2020: none).
25	Cash generated from operations					2021f	2020f
	Surplus for the year					1,641,943	354,620
	Adjustments for:
	Investment income recognised in statement		offinancial		activities	(224,849)	(219,725)
	(Gain)/loss on disposal of investments					(147,265)	93,443
	Fair value gains and losses on investments					(1,503,520)	3,270
	Depreciation and impairment oftangible	fixed		assets		220,866	147,468
	Movements in working capital:
	Decrease/(increase) in debtors					41,239	(165,847)
	Increase/(decrease) in creditors					222,060	(44,764)
	Increase/(decrease) in deferred income					5,059	(4,207)
	Cash generated from operations					255,533	164,258