2023-08-31-accounts - The Royal School For The Blind Charity, Liverpool

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Patron				Formerly Her Majesty the Queen	Formerly Her Majesty the Queen	Formerly Her Majesty the Queen
President				Miss JWoosey
Vice Presidents				Col M Amlot OBE
				Dr D Withey
Trustees				Col M Amlot OBE
				Ms H Casstles
				Mrs SGeorge
				Mr BLawlor
				Prof BLongden
				Miss M MacCoss
				Mr A Perry
				Mr G Sinden			(Appointed	15December 2022)
				DrSWinchester
				Dr D Withey
				Miss JWoosey
Charity number				526090
Principal address			&	Church Road North
Schooland				Wavertree
Administration		office		Liverpool
				L156TQ
				Telephone: 0151	7331012
				Fax:01517331703
				Email: karen. bibby@rsblind. co.uk
				Website: http:I/www.		rsbiind. org
Auditor				BWM
				Tempest
				Suite 5.1
				12Tithebarn Street
				Liverpool
				L2 2DT
Bankers				HSBC Bank PLC
				99-101 Lord Street
				Liverpool
				L26PG
Solicitors				P Bramhall and Associates
Head ofCentral			Services	Mrs K Bibby
Consulting	Insurance			Griffiths &Armour		Financial
Brokers
Investment	advisors			Investec Wealth	and Investment

		Page
Trustees' report		1-9
Statement oftrustees'	responsibilities	10
Independent auditor's	report	11 - 13
Statement offinancial	activities	14-15
Balance sheet		16
Statement ofcash flows		17
Notes to the financial	statements	18-34

Current financial year	Current financial year
					Unrestricted Unrestricted		Total	Total
					funds	funds		as restated
					general	revaluation
				Notes	2023 5	2023 5	2023f	2022
Income ndowments			fro
Donations and legacies				3	69,103		69,103	163,618
Charitable activities				4	4,304,441		4,304,441	4,552,109
Investments				5	297,000		297,000	250,707
Other income				6	4,613		4,613	9,024
Total income					4,675,157		4,675,157	4,975,458
~E«dit
Raising funds				7	49,751		49,751	54,206
Charitable activities				8	5,972,959	33,922	6,006,881	5,729,312
Total expenditure					6,022,710	33,922	6,056,632	5,783,518
Net (losses)/gains	on investments			15	(159,101)		(159,101)	(1,105,006)
Net income/(expenditure)			for the year		(1,506,654)	(33,922)	(1,540,576)	(1,913,066)
Other recognised	gains		and losses
Revaluation oftangible		fixed assets				478,739	478,739
Net movement in	funds				(1,506,654)	444,817	(1,061,837)	(1,913,066)
Fund balances at 1 September 2022					16,600,731	1,584,697	18,185,428	20,098,494
Fund balances at	31August 2023				15,094,077	2,029,514	17,123,591	18,185,428

Prior financial yea	r
				Unrestricted	Unrestricted		Total
				funds		funds	as restated
				general		revaluation
			Notes	2022f		2022f	2022 8
Inco n endo	nts fro
Donations and legacies			3	163,618			163,618
Charitable activities			4	4,552,109			4,552,109
Investments			5	250,707			250,707
Other income			6	9,024			9,024
Total income				4,975,458			4,975,458
~Ed i
Raising funds				54,206			54,206
Charitable activities			8	5,695,390		33,922	5,729,312
Total expenditure				5,749,596		33,922	5,783,518
Net gains/(losses)	on investments		15	(1,105,006)			(1,105,006)
Net income/(expenditure)		for the year		(1,879,144)		(33,922)	(1,913,066)
Other recognised	gains	and losses
Net movement in	funds			(1,879,144)		(33,922)	(1,913,066)
Fund balances at 1 September 2021				18,479,875		1,618,619	20,098,494
Fund balances at	31August 2022			16,600,731		1,584,697	18,185,428

					2023		2022	2022
						as	restated
				Notes			f.
Fixed assets
Tangible assets				16	6,518,393			6,235,607
Investments				17	9,895,558			10,867,142
					16,413,951			17,102,749
Current assets
Debtors				19	383,068	497,413
Cash at bank and	in	hand			664,418	894,304
					1,047,486	1,391,717
Creditors: amounts		falling due within
one year				20	(337,846)	(309,038)
Net current assets					709,640			1,082,679
Total assets less	current liabilities				17,123,591			18,185,428
Funds ofthe charity
Revaluation reserve				22	2,029,514			1,584,697
Unrestric ed funds	-	eneral
Designated funds				24	6,000,000	6,000,000
General unrestricted		funds			9,094,077	10,600,731
					15,094,077			16,600,731
					17,123,591			18,185,428
The financial statements			were approved	by the Trustees o ~+ h.+~A'+4'
Q~ . ocul				Col M Amlo		Dr D Withey
Trustee and President				ee and Vice President		Trustee and	Vice	President

			2023		2022
		Notes	6		f.
Cash flows from operating	activities
Cash absorbed by operations		28		(1,274,083)		(1,022,418)
Investing activities
Purchase oftangible fixed assets			(65,285)		(424,330)
Purchase of investments			(1,618,703)		(1,308,089)
Proceeds on disposal of investments			1,925,161		1,761,924
Investment income and interest received			297,000		250,707
Net cash generated from investing activities				538,173		280,212
Net cash used in financing	activities
Net decrease in cash and	cash equivalents			(735,910)		(742,206)
Cash and cash equivalents	at beginning	ofyear		1,630,218		2,372,424
Cash and cash equivalents	at end of	year		894,307		1,630,218
Relating to:
Cash at bank and in hand				664,418		894,304
Short term deposits included investments	in fixed asset			229,889		735,914
				894,307		1,630,218

Depreciation is calculated	so as to write	offthe cost or valuation	ofan asset,	less its estimated
over the useful economic	life ofthat 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
		2023	2022
		f	6
Donations	and gifts	62,103	27,958
Legacies	receivable	7,000	135,660
		69,103	163,618

Charitable activit	ies
			Unrestricted	unrestricted
			funds	funds
			general	general
			2023f	2022f
Fees and other educational		funding	3,098,119	3,378,575
Nursery income			54,045	35,643
Respite, transport	and similar income		103,948	118,621
Social care			1,028,958	996,414
Room hire and other income			19,371	22,856
			4,304,441	4,552,109

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2023	2022
		f	f
Income	from listed investments	277,268	250,564
Interest	receivable	19,732	143
		297,000	250,707

6	Other income	Other income
				Unrestricted	Unrestricted
				funds	funds
				general	general
				2023	2022
					6
	LAC, student		and other sources	4,613	9,024
7	Raising funds
				Unrestricted	Unrestricted
				funds	funds
				general	general
				2023f	2022
	Investment	management		49,751	54,206
				49,751	54,206

Charitable activities
	2023f	2022 8
Staff costs	4,252,132	3,722,023
Depreciation and impairment Rates, utilities and insurance Maintenance costs	261,239 277,322 196,269	260,658 203,874 591,906
Cleaning contract Class and other consumables	198,509 92,153	179,791 110,119
Therapy costs Catering costs Training costs Office and similar costs	302,714 89,294 41,885 213,133	202,753 87,020 130,173 160,165
Motor and travel costs	58,946	53,141
Nursing costs		8,069
	5,983,596	5,709,692
Share of support costs (see note 9) Share ofgovernance costs (see note 9)	3,135 20,150	19,620
	6,006,881	5,729,312
Analysis by fund Unrestricted funds - general	5,972,959
Unrestricted funds - revaluation	33,922
	6,006,881
Forthe year ended 31August 2022 Unrestricted funds - general		5,695,390
Unrestricted funds - revaluation		33,922
		5,729,312

Support costs	Support	Governance	2023	2022
	costs	costs
	9	9	f	9
Professional fees	2,808		2,808
Bank charges	327		327
Audit fees		S,9S8	8,988	8,613
Accountancy		11,162	11,162	11,007
	3,135	20,150	23,285	19,620
Analysed between Charitable activities	3,135	20,150	23,285	19,620

The analysis of auditor's remuneration is as follows:	The analysis of auditor's remuneration is as follows:
Fees payable to the charity's auditor:		2023 9	2022 F
Audit ofthe charity's annual	accounts	7,800	7,425
Non-audit services
All other non-audit services		11,162	11,007
In respect ofassociated Audit	pension schemes	1,188	1,188

The average monthly num	ber ofemployees during the year w	as:
		2023	2022
		Number	Number
Senior management Teachers		7 16	7 19
Education support staff Administration &other		55 15	50 15
Care (including residential Adult social care	and nursing)	12 36	11 33
		141	135
Employment costs		2023f	2022 6
Wages and salaries Social security costs		3,601,523 293,562	3,230,097 218,214
Other pension costs		328,656	262,067
Other staff costs		28,391	11,645
		4,252,132	3,722,023

Net gains/(l	osses) on	investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2023	2022
				6
Revaluation	(loss)/gain	on investments	(208,405)	(806,214)
(Loss)/gain	on sale of	investments	49,304	(298,792)
			(159,101)	(1,105,006)

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17	Fixed asset investment	s
							Listed	Cash in	Total
							investmentsf	portfolio
	Cost orvaluation
	At 1 September 2022						10,131,228	735,914	10,867,142
	Additions						1,618,703		1,618,703
	Valuation changes						(208,406)		(208,406)
	Changein cash							(506,025)	(506,025)
	Disposals						(1,875,856)		(1,875,856)
	At 31August 2023						9665669	229,889	9,895,558
	Carrying amount
	At 31August 2023						9,665,669	229,889	9,895,558
	At 31 August 2022						10,131,228	735,914	10,867,142
18	Financial instruments							2023f	2022f
	Carrying amount offinancial			assets
	Debt instruments measured		at	amortised	cost			1,242,861	2,112,011
	Instruments measured	at fair value through				profit or loss		9,665,669	10,131,228
	Carrying amount offinancial Measured at amortised cost			liabilities				254,783	233,192

19	Debtors
	Amounts	falling due within			one year:			2023f	2022 E
	Other debtors							348,554	481,793
	Prepayments and accrued income							34,514	15,620
								383,068	497,413
20	Creditors: amounts			falling	due within one year
								2023	2022
							Notes	f.
	Deferred	income					21	83,063	75,846
	Trade creditors							83,198	66,406
	Other creditors							49,543	17,444
	Accru ala							122,042	149,342
								337,846	309,038
21	Deferred	income
								2023f	2022f
	Other deferred		income					83,063	75,846
	Deferred	income is		included	in the financial statements	as follows:
								2023	2022
								E
	Current	liabilities						83,063	75,846
								2023	2022
								f	E
	Total deferred		income at 1 September 2022					75,846	81,847
	Amounts	received		in year				83,063	75,846
	Amounts	credited to Statement of Financial Activities						(75,846)	(81,847)
	Total deferred		income at 31		August 2023			83,063	75,846

Analysis	ofnet assets	between funds
		Unrestricted	Revaluation	Total	Unrestricted	Revaluation	Total
		general	reserve		general funds	reserve
		funds
		2023f	2023f	2023 f	2022	2022 f.	2022f
Fund balances at
31August 2023
are represented
by:
Tangible	assets	4,967,618	1,550,775	6,518,393	4,650,910	1,584,697	6,235,607
Investments		9,895,558	-	9,895,558	10,867,142	-	10,867,142
Current	assets/(liabilities)	709,640		709,640	1,082,679		1,082,679
		15,572,816	1,550,775	17,123,591	16,600,731	1,584,697	18,185,428

				Movement		Movement
				in funds		in funds
			Balance at	Income	Balance at	Income	Balance at
		1	September		1September		31August
			2021 f	f	2022 f.		2023f
Rushton	Centre			6,000,000	6,000,000		6,000,000
				6,000,000	6,000,000		6,000,000

	2023f	2022f
Within one year	15,853	17,549
Between two and five years	3,164	11,957
	19,017	29,506

		2023	2022
Aggregate	compensation	259,401	222,996

Cash generated from operations	Cash generated from operations	Cash generated from operations			2023f	2022f
Deficit for the year					(1,540,576)	(1,913,066)
Adjustments for:
Investment income	recognised	in statement	offinancial	activities	(297,000)	(250,707)
(Gain)/loss on disposal ofinvestments					(49,304)	298,792
Fair value loss/(gain)	on investments				208,405	806,214
Depreciation and impairment oftangible fixed assets					261,239	260,658
Movements in working capital:
Decrease/(increase)	in debtors				114,345	(214,350)
Increase/(decrease)	in creditors				21,591	(3,958)
Increase/(decrease)	in deferred	income			7,217	(6,001)
Cash absorbed by	operations				(1,274,083)	(1,022,418)