## |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|residual| |---|---|---|---|---|---| |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)| ||||ff
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«| ## ## ## ||and property
to ensure|and property
to ensure|the b|ook value d|oe|s not differ materi|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|