## ## |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|residual|value,| |---|---|---|---|---|---|---| |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| ## ## ## |9|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)| |||||||W|CO
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I/!| ## ## ## ## ## ## |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| ## ## |23|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)| ##