Ch¥lty rnylstratlon numb•r 528090 THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL LEGAL AND ADMINISTRATIVE INFORMATION Patron Fo[Y Hgr Mg1• tho 1]u¢en PTeBldent Miss J Wc4)sey Vk• Presldents Cot M AmhSt CE Dr D Wwiey Tru8t••s Cot M Amk)t OBE MrsSG mrBk Mtss M Macco MrAPèry Mr G Slndon Dr S W•Star Dr D Wthey J Wcosey DrJ Hussgy Dr C Pweth {ApWint 12 D1br 2024) 12 Db&r 2024) Charlty numb•r 52809] Prlndpal addr•ss & School And Admlnlstrallon offl Church Road N(¥th W8vertr8e vorKl L15 6TQ Tene. 0151733 1012 Fax". 0151733 1703 Emall.. kar8n.blbby@rlnd.rQ.uk Wgbste: h1J}¥o.rs1A1rKj.(9 Audltor Mitcwl Chart&srth (Audlll knniied Surtes C. D. E & F 14th FkxK. The 1W Old Hal Street verpwl Bankars HSBC Bar& PLC 101 Lord Streef Liverp¢)Jl L2 6PG SollcltOT8 P Bramhil ar AS$t&S Head of Cenlral ser Mrs K B Consultlng Insuran Br¢k¥rs Griffit &AJmour Flnan¢l Inv6stmènt advlso Rathb8$ in)tij Inv68t8c Weath & InvoslmBnt {UK>
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL CONTENTS Page Ttees. repcffl Stat8m8nt oftrusta8s' 10 Indepknt audtofs report 11- 13 statement of finand81 acb¥iUgS 14-15 Balan(e sheet 16 St8t¢menl ¢fcath flows 17 Notes to statements 18-33
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LNERPOOL TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2024 The Inthes laL80 known as the Convnittee of Manwnwrt) Wnt tsir r8port ?d 8Ctc)unts of th8 Royal scho for Ihe Bllnd Charfty. LIV1 la registered ¢h8rfty Th).. s260) ts the y8ar and1 31 August 2024. The narla1 Statements have b8gn prepw8d In a¢(¥ydanc8 wkh th8 acwunliThJ pc4lfi8S 9at cArt in note 1 to thg financ statements and comtty with the tharitls govgming (knu1. the Chariti88 Act 2011 arKI 'Accounti and Reporung by Charths". Ststemgnt of Re¢x)mmwthd Prwce ap1¢ab to Larities preparing their accounts In ac(x1rdan with the Financial Reporting staTd applKable in the UK aThJ RepU1C of Ireland (FRS 102r las amended tor accounting period5 CoMm4ng from 1 January 2019 Oblo¢tlvo8 and a¢tlvlUes The Charity's prime obi8thvg set (xjt in its gryrnning docajment, under an act cl Parliament in 1829, 10 establksh and govem an institution in LiverphJcA 'lhe for the indigent bliThl al LNerpcI'. Originaly created in 1791 to support inslructw)n and enWloynnt of one hundrod bllnd persi)ns kn s&verd trales and manufaclurg to relbvo Ihg stress 8rKI m15ery c¥u8ed by thwr 8ffl'. Over time tho 'sthoof h88 Ovofvgd and adapt¢d to th¢ ¢hangin9 nature of vi8ual impair[Tl Whi retsinwyd it8fouJs on eduL31ion and rare. The Chty,¥ matn role (tinUeS to be to provle education and care of Ihe hest quality multiple disabled. visualty impaired young peoF4e. To ddlver these thtles. Charity r¥)erat6s a sthwl, nursery, resldenll care and In more rocent years supwrtlo yDung Ults (cal Rht Futtwosl fiDrn its prOMe5 in Liveryy)l. It supports vtsualy Impwwl d)Idr8n and yrung Sults. often vAth addrtffial nsed4 by.. promoting the ¥4ritual, rrKJrBI. ¢)Jllural. inieliectual. socid aThJ phydcal dwek)pm8nt crf th& pupils and young adLdts al the Sctsxjl Rushton Futures. preparing putxk 8nd young Jults for th& OPKX)rtsJnrfles, rgspowbilltios and of8dull16fe. • encouraglng dgvolopm&nt of indwd8n¢e. (x¥nmni¢aUon mrA)ilW. To delNer these oblgctives. the Charity has had lo respond to a clwvJng kndscaFe in which it operates. These indude resnd to govemment pollcy. changing legislat the needs of tts wplls servu users tht tho prof8sskn81 skllls of 9pddlst staff. In rècent years, thder the direthon of senior leadership team, the number of wpils in the school has inc¥ea5ed as the school has thed in dose pa[ship wth Loeal AUthOrftS. adapting to the changing needs of ts pupils and servke usèrs. to provld8 a compl8te supp(xt ènvironment. Ak)ngsldè Ihis, a ne1 to support our school 18av8r8 Vrts recogniwl 8nd RushtTM Fulwes oStablIsd for th08e ag8d 19 pIl WIM) wished lo attend a structured 8dult day 8erwce. By rest%dIng to these challenge5 a proactive aTrJ flexible manner I Charity Is ae to devdcy a PTogramrrE of Ilte ce from rXwsY to aduVtsx a seamless SUF)Ort programm&. ring ttN8 pericKI of gr(hvth and the Ch3 financaal rjr( have been apFlied to dwelop better ways of working and delwerkng Improvemenls to ks premi%es in Liverpool. The sucrgsfiJl development of nursery f111&, Irreased PUF41 nUmr$ and 8 StnKtyred &Jult day has been posslble by uslng the cojp reswrca In Innovativg ways to 8UPPOrt its and yourvJ adults. Howover. ¢tinUed growth means trt the Trustees ed to SIder the relevance of its eyistsng tiklg5 to ensu tw remaln fitfor purpose. The Twste8s belleve that whhln the of th& Charf$ trKudred.Ytr8r hl8tcYy, the or1g11 o¥ethe has had to ovofva to all(M for flèxlbllty In thè Ch8rfty'$ tlalNery. Ths 18 ILxl9*J to tx an 8¢C8Ptable resptsnso lo méèt thè thanglng nature of the needs and care ol tts pupi18 and youThJ adults vthile keeping true lo the Charity's focus on supporling Ih086 with visual impaimwit In July 2019, the GhBrÉty f0mlty p8&8e(18 roSoluti to ils n8mo from Th Rty81 SdKK>I ft)r thè Blind, Liverpool to The ROY S¢hoc4 for the Blind lIty, thr)1. Tl¥s w8s tio[d via the Charity Commi8sion In Juno 2020.
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL TRUSTEES, REPORT {copinNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Tha Charliy prOd&4 8du¢allon and of the hj$t quallty for Mu11p vlsually knp8lred young paopla IMDVI) whllst valulng tham and th& staff, 48 In addition to r visual impairm8nL the rAJrAfs and young l(lS may hav8 profound learning dilficulti8S. physirAI and medical needs or challenging bghavbJ. Th8lr n68ds 8re mt by wowdkng each chld or young adult Yhth indivldual ethjcalion 8fKI Lare plS as apwiyiat&, in thderto dèvèlop them a8 Indfvidual8. The Charfty's susS is meBsured by the continued refe81 of pu.IS and young adults to the Charty by Local Aulhorldes and Socid SeThi$. hlgh grade Ofsled I9rtS 3nd wjsitive fdb from famllles. pupiL8. youny adults, LoCalAUt>nll$, partller organ1salns. dots and fundralsets. The Trustees have recognlwj thal the gxisung premlw F¥o¥b Ilmlied capaclty fijnctbnalty to net the needs of the chlldren and adults for wtr•Jm It tIdeS educatkn ¢re. The susS of Ix)th the school and Rushton Futt¢rè8 In attradlng new puplls and seNt¢a us8ts that th8 rrant premkes ar8 no longar fft purposg and optkn8 have been ¢>)nser9d lo revthv the cuffent prtsvisNM. TIMS has IWJ to and detgmlnation to r8deveiop Ihe cwrenl buildlng extansivdy and to CCtrI a Wbrpw built adult faclity for Rushton FulLTrS. Th8 futurè fimdlwJ framework for the Ch8rflY$ kay portrws is uncartain as L( AutFK)rits8s conlnue lo ra@w their fijnding source8 and manage demand for education social car8 provi3ion. By maintsining d08e worklng relationships wlth key partners. it Is that th& iEnefft8 defivered by the Chaiity to pupiLs and young Bdults alike continue I9 Into the future. During this period the Tnjslees trAve a150 revlewed ils finaal poSIon and condurtod a str8tsg finan¢i81 roviow to (x)n%dgr y5 to 98rat0 mow inwmo. dollvor eificioncios and reduc¥ eXPXIlIUrP 10 gnwre OLW abiltiyto Lx¥itinuo to ddivw QLtLslandMig ¢du¢atbn and Caw for those we serve In a economic dinate. Achlevomgnts and porfomianco Tha Royal SchorA for the Charity cnntinuès to YNgSt hiY across thg schoc4 sile and resource base. aspeaty wlth regards to IT. upgradlng tKJth hardwBro arxl softw¥e as qUIred tri ensure we meel all L¥lty and teathing 8EKI Igaming reqwrem8nts. This sur8S the (y)nbniMty of $8f8ty aryl hIgh-quty provi$k)n for IF RSB community. Th8T8 18 a substant1 maintenanc8 rota continues to be irywementsd by Ihe Certhl Service and 8ite team to ensure we are compliant with Health aThl Safety legiatIOn. ffire safety requirements and to be complianl wmh Dlsabilty kn%ss glad(M$. TFÉre has been nifi(2nt devebpment of the oulslde areas over th¢ past 12 months wlth th8 Upgradè of th& Cross1 s. Vm18YS and raillngs to allow for Ind4Endenl rnovemenl in the outdoor spac88. There akn c4ntinues to be Sigiufat ¥st9t in safety ar0 the wth changes made lo parking bays visitorfs car park to faLiltats safer mancuvres by the larger thstajility adapted t5 and minibuses. The educational and r&%denlial team5. Continue to develop tht s. sc and forxB of educllon 8nd care Ihroughout RSB to thjrthar enhance the provlsion. opwrttjnities and standarth for all our purAls. The sthool capaclty uJrr8nly sits at 88 pupls from 898s 2-19 Y&8 wilh a wtanllal of by lh8 start of the new academic year. Al of the (ldren al RSB have a visual iwwrn8nl ralg fr(¥n 8(Kn8 fUrh0nl vision through to nonè 81 all they all have a(lrbonBI needs incbjding PMLD. The thjl will be dose to or at capacty for SepteMr 2024. Afocus on provKting trans1kn( to aw¥J sw)ort f(Y Post 19 prD*7s1 thrgh erlhancgment end hwestrnont In the sthol's Post 161Career3 pryrdmme has created strorffJ relalioTrnshFs Trmth both parentslcarers and the %der crmnmunlty and enhand Ihe reputatlon of the with Young PeoFde starting at aged 14 frorn other LA'S who do rM)t offer pSk)n of thls nature thln Itr own area. Parentslcarers ujntinue to take the LAS to medialion anLI managed lo gain pk4ces withwt having to go thwh tribunal * prg8gnL Halton Is a LAW are worthg closety wth in thls area.
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LNERPOOL TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Iv ujnun The Head ol School continu88 to hard to devekjp trustiThJ partnerships with local aUt)ritieS across tt Northwest of Engknd and further ard. The ¥uc¢8ss of this ap[Wo h&8 agaln been refleced t oxtwnal ass6ssm&nts mad& by comnNssiorErs. virtuaj Heads, qualrty assurance prixxsses and OFSTED. An lnd8pendenvN-rnaItaIn9d &hool Hewjs GroL4) IntinUeS to nwet haw ternily to M)Ort and dIseAS d8veloprnts acT08S the sedor and Share In )0d pr¥Oce. Ttls rthv Inc4udes 5 schcds. RSB has devd¢)pgd strorvJ work1 parInshS YAlh 8 ra)ga of unfvshles induding Li¥erFO)I HOFE, LJMU and Edge Hiu, a Thide range of sludenl plnts t&ng F4a¢8 8t th8 sthool 8md the Head of Sthool lecturlng on a ranye of ITh and QTVI courses thrJJghout the yew. Th8 H&8d of ScFKd is 8kn part of the partnership ¢x)mmittee al very)(m)I H(PE whkh m86ts lamity. Our partnership5 conlinue to develop rther and inthde our parents and ¢arers. th W$M we are committed lo gupporung ond worklng dosety wtth to achieve the best ts Ih8ir thikl. We h9 ono Tent govemor on our SKJV8rning body and are acthety BdvertisirYJ for aTrther. The parent governor 1$ alAe to share her eXperiee5 and 8hwing support f(x our famili&s. She th s4)prMted wrlh appllcalions. questions and me8tings has attended a range of evetts 8uch as our Ix)ffee momw. Wnter Festival aThJ Summer BBQ. Ow Deputy Fad ol Schwl is also our FnIty Uaison Offw aThJ suptyxts in 8ppLylng for lunrllng. support with soci81 wothers and ony other areas pBrents1CeS fed they require supwL T1 key inlualives whh (x)rnmenLxd in Ihe year arn seen 88 th8 key beffts th8 Carity brings lo the vAder4xmNmunNy and blese include: 60% of tho current teathlng stsff ore QTVI trwned. By Sept 2024 69% will be on the (x)urse with t rom81ndar du& to st8rt th8 fcAk)wlng y8ar &ft8r CctIra 1r firsl 12th& in rd8. 1 memb8r of staff is 8 fully qualifi MSI ?th D8puty He of Schcd starliro Year 2 this Sept 2024. The middle leadership stwcture has devekyd frJther to Theraples Manaw and an Idonal nurse Is bn9 C£$1r. New 8Int3ts V•ilhin thg SLT Indude ts ckvdopment oftrE Deputy Head of Care. AJI current appr&ti5 am now worting trmards Level 3. 2 haThJ fijlty qualrfied wthin the last 12 months and gaining full time employ71nI. . A member of staff has completed a 2.year Habfitatb)n wjrse a1 now wcYksfvll4m& as thè Habilitatkin Offlcer kn RSB. . Developm¢nt of the [rouSe Ixwer team to Ind 2 co¥erteachers. . Conunuad the d•v8lopment of a Bk Staff tèam to 9JPWt wth the ¢))Yer requlrem8nts the The development of the potytLmnd area in SCI1. 3s all(h¥ed for a eld to foth. aM)n)a¢h to leamln9 aNI fhe 6nvironm8nL This has ten carafulty d8vek)ped by slte ieam to provJe an assib and welkplamed undercover space thiklTrn and y(xJng p809 to eworg thei v•m food tiems no matter what Ihe weath8r. Classes have hamng this 0rtUnIty atKI have been able to grow heathy focrflstsjfl to use thIn their focd technolcoy sessions. It has also alICped tastes of rw and excrfing fruit and vegetsbles for so. Those SOSStons aro tlmetsbled as part of the wethy teathing shjts avaiLabio fc(m FQrt of the new 6th Form EQUhLS cUrriJ pathway, The theiapeullc Inwt has been audlted by TIapY Marbw to ensure that thts meets Iht grovAng pupl populalk)n and ensures a hlgh qualty and IIThty refefral pr(£s5 to ensure meet the needs of all puritls at both the schcd and resKlgntial. Foll)g this rgvièw. a rxop09AI was put to Govwnors and Tst to increase the prOVion for OT and SLT slly. Bofh these therepies are now prov¥11 Ihr(wh an SLA wlth Shlne. Maellngs have tMk8n pL4c8 lo ensure hlgh qualty provth for fac&to4ace therapeutic interyenllon and repOng.
THE ROYAL SCHOOL FOR THE BUND CHARITY, LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The schcol musl continue lo bok forwa ¢Jgvek4) In Ilne vAth the nggjs and aspirdlion8 of all hs stakehdders indlIng locd wthortbes. A mapr on wd1bfj and wcMI( INe lance for RS8C staff h88 been In pLgcg for a whilg and ¢ontlruJes to develop. As wdl a5 mental heatth ffirst aldors and additk)nal IrainiThJ for the team there is now a Mental Health Lowj fcy the Sd. The CPD cycle is carefully plannod in linè with I SDP and includes a signtrtL7nt variety of traffi&ig OPkX)rtunitth for staff al all levels, ensuring 1 mandatory tralnlng 1$ mPleted compllmwbled by a range ol other trge5 to upskjl 811 staff and gjpport thalr personal and pmfvsslonal developThEnL We have a High Level Te1v A¥sl8t)( who is also now a qUBlfied teacher in the rob of das¥198ther for Soptsnl)er 2024. Shing tho qualty of suppxt Fwgre88ion al s¢f¥)ol. Th59 role wll take him through his ECT Progrnft&. The addln of Bn inlervenlKJn leaching assislant thT8 yew to wpport the intervenuon teacher, has alk)wed for furthar Uma and SasonS in support'ng Interven teachiro ar¥J learning and 1(n9 puplls to develop new and ad(ItkThl S11$. Rgodoig $esslons In the Ilbrary are Th)w pwtof the Intwvenlkn for many this tlrnetable. We continue to enhan our environrnent thrNgh al vrks Ihe srte team puts in, howevar 8180 try whBfgver posslble to Indude the pulS in these ideas ar¥J dovekwmènts. Thls Y wa continua to celebTale tre achi6voment of EcgJ-S(knol s$. havlng been commended and receNed y distlnctlon whh our ted 'Green Flag,. Our enhanc&l servkes. Includng: the ireaSed days for thrarMsis onslte.. conlinued development of the site and Its resoLJre£s ond the aprcheS prornoted by the Staff partners, nI1u? to tAace the school at the heart ol the communlty It 8gives has ba8n th8 fndalKIn for its wthued SULXX8S. f¥)t fvst In tho provlslon of education and care, ftsr re81 bengfil of the tx)mmunity. resA This was a slablo yo¥ frx Rushton Futures. but dso unuyjal as Ihere was rx) Hoad of SoMc& for thé malcwity of the lime. Thank8 are du8 lo Ke Summgrs for fvlfillry the role of terirn Hd of Rushton Fur@S until h& laft for a new role in May 2024. During that time many other staff stepped up to cover diflerenl rcles, il ks lgstament to the firm foundations of Rushton Futwes that adluslmènts of rol8s enabled the Servi to flourtsh. In June we weky)ml CrtsF4n PadlThJ as the Heal of Rushton Futwes, 8nd in AwJust Kale Mills as operatior Managw. The number of yryjng 8dth remnl 8t 39 tha year. bjt there were 8ofTWJ depathrès 8nd transitions. Under Ihe new H&ad of Rushton FureS 8(¥n8 w(¥k h83 tak¢n Ia¢e to develop a new tool knr mèasurlry our cap8Trty staffing. At the end of Ihe year stair reL¥uitmenl was a pri(wlty. and Ihere has been a $tr8tegic Shift tOWArds a¢fvance 0¥-stair1ThJ to enab smoots and spIr trangjuons, rathèr than havir staffing a8 a barrigr lo placing young èdults vth) to accws ow Service. At the end of thè yèar thar8 w@re transbtsons UndeaY preparing for a largw servi in 2024r25. In June 2024 we uNIr)k a parenl satL£fadkn survey. There was a 65% to lh8 Ney. ONI the headlino r¥8uIts In(thl . 88.5% of Feopk scored 8-10 for SatisfadK)n . 88.5% of Ople sujred 8-10 lor Variety of EVIen I sesslor 92% of people 8¢ored 8-10 frApprothbllity and FrieTrJlinesS Th& amual for summer 2023 were P)StyN til a rknv t119n$ Manggèr vms kn post. bul ¢oJMiun%2tlon %th famllTès rn8[ned strong. As well as the daily dj[tal communication, was • 'ln person. event for lamllles in Je a1 plans for nKKg ¢tact were made for the autumn. As wdl a8 wnlact r8gardirKJ placernents at Rushton FubJTe5, Wg wish to kn"litate 8UPFX)rt fthlles.
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 wo11 as In sonKK manag8menL there have been a mber of slaffing thatws throuyh)ut the year, Includinll the aF¥)(xnlmenl of an addltlonal Tralnlng 8nd Dery Suwws(Y ImKldle leaderl. With a more strategtrc approach lo staffiry. w8 ar8 raduckng rÈliarK on bank staff to keep staffing ldgets more conslstent. Internal slaff trolnlng has reMaellStrOng. and our reliance on th8 'tr8in the trainerf Me1 enables hlgh starKlard8 to be maintsined. It a requirement that all front4n8 siaff Strk1 h8¥e lor be workkng towards) a Level 2 Dyk)ma in Health and Sockal Care. A wmber ol our staff ar8 eurrÈnUy InthdirvJ those who we undertaking the course ag part of thotr 8pprpnti(whip. However, we also give staff lh8 OFpxLurity to undertake hlther levels of al1Cal0n$. As well as helping our staff achieve thr polentid. drg the Y th8ra was B sustslned approach ¢0 staff wollbeing, with weekty Wlng sessions and other oFytsJniJ08 so¢8r. Sludwl $trnents ha ¢ontIrJ1 in cdlaboralion with all Ihe local unl¥¢rsitio& Looking to th8 futurè. there arg thr8e prinrApd Strateg aims for the ngxt year. TrJhter budgeting. With varhyjs finanaal [ureS we akn) to knprove tra¢kiNJ of performance against budget In ordor to creat8 a dlff8rant mrxld for tKWng In 2025126. Integrated approach Rcmss thè th8thy. Rushtm Futuw has often operated independentty from the schwl. but thgr9 grg m8ny areas where labOrat)n be ben8fcial to toth s8Ces. By brlnglng together some prLKe&ses, as well as devewng a shared approach to Rr such 88 trdnlng, the qu8i1ty aNJ safoty of the semce shoLdd be wnproved. Devetoping and agwng a nw)del Rusht(x) Futur93 th8 Rushton Centre has been builL The new buildlng wlll requlre a dIffent apK¥ so Ihat it 98nerdtss 8uifKaent in¢J)me for running costs. whllst sljll alowlng the servkn lo grryrt 7Mth rrK)re servic£ users. The new nde[ will Th)1 mean that w& can rdocts the $lg stlee wilhin a new lId1r vhth(xrt tho way that Rushton FureS OP8rstas. Bulldlng the new Rushton CÈntrè rem8kns the primary fc f1h8 ojmlng year. The anS were submStted to the local authority in Awil 2024 and at the of the 2023124 year Ihere was r)sltSve pwress wlth 8ppli¢ath)n. It is hoped that lh8 new bLlllding wll be OFMaknn by Sept1 21)26. Plans 819 also uMleThray to c¥eale nre 8pace for Ru8hlon Futures for September 2025 by utillzkng lditkJnal spac In the old buildg. Ilc Bè Tnjstees have duo regard to the Charity CunmwJn's 9ubJAnc8 on public in dlIng vth818¢#lMti08 the Charity should undertake. Posltive iThJlcators are f¥1 In irKfvKlual putyl a¢vement and the finanrAal Support required to fvnd ttr actNrtles. Thls benefil 6$ not I¢ to pupi18 WI attend the sthLY)L or the young adults for 0M the Charfty provldtss caro, Pyjt to the faly& friend4 [rtr5. Lct41 Authiti and th& hIgr adUtiOn provSdw8 with whh f( cTroperates. Crty, to Increase the t)sitwe Impact that th8 Chwlty can makè to thè fv85 of indivKluaLs has invc4vgJ some econornic risk. Aflivities hav8 b88n managed thwugh effecliye bu31rSS annIng and by carefulty p4knIng Ihose developments. This ¥tratO9y Is proving SUSsIu1 in attractiNJ knc¥eas&J Invc4v6ment of Indhldual$ an conmnunllles a¢ros8 tho North West of Eng. The Trustses, while pleased Ihe resLlts arfsiThJ frrxn the u8e d tho Charitys reSrce are annIng to ensure 11 not only confknuos io meet the requireThnts of rts key objects also ldS further valu& to th8 ConUn that It serves by the devthpment of a purpose jIt facAIty whh wil enable add&tional setWi¢6S to b& Offe1.
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LNERPOOL TRUSTEES. REPORT (coKnNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal revlow Tho Charity'8 maln )Inancial obi8cINe is to ejre suffiaent fvnds are avalile to irnplemenl f(5 strategy 8uccessfvlty and p)rt its operaltonal activities &% tY continue to grow ond devebp. Th8 Trustees are satisfied that thls oblect6 is bal rn8LT finandal slatwnwts provkje a detslled an81ysls of tts Income and xp8ndknra and balan¢e shael trAJl the fokniirMJ rths provide a summary (rf Ihe flnarKial results for the year ended 31 August 2024. The Charlty conUThJes to and 8x)kne div8r8ffl(xtM INrtunl9$ to are I 1XlIt}U0$ lo support th8 Ive8 of the young people as it has (kne fly Over two hun(ked arKJ thity years aThJ to critKal examille its OTatIng base to meet changing demand for ils sefvw. Tha prfnclpal SOLtrces of In(xJme are fee in¢J)me gener3teil fr(¥n it8 thaiitaiAe adiwtigs of ,288k {2023.. £4,304k) Supplomenled by donallons from various benefactors of £82k (2023: £69kl income generdled by the InVestnnI portfolK) of £305k120ZJ". £297k). Total inccffle yearwa5 £5,878k12023: £4,e75kl. Tot experhlilure for the year reflected the IncTeawI of teacNrwJ and sukyxt slaff In Ix)th School 8nd Rushton Futures to sUp)rt Ihè rfslng numbers of puplts awl Se1 US8rs as th& woths und8rtak8n In maintaining th& faulitiès . Tha cost of dIng ¢hwilable activities rose to £6,126k 12023: £6.(X17kl. the cost of raislng fuNkn tcal expendmwg was £6,177k {2021- £6,057kl. The n81 expenditure for the year. before gains a1 b)sses 1nvesknt valuas was £499k12023: £1,381kl s¥hh meant that after the rt Increase1(d$fyI invgstsnonts of £1.106k (2023.. -£159kl awK1 rovalualion galn on propety of £Nil12023: £479k) tho surFlu8lldefi(¥il to fwds for Ihe year was £607k12023: 41,062k). The acLumulated furKl8 stood 81 £17,731k as al 31 August 202412023: £17.124kl. Ot these £6,OOOk {2023.' £6.OLK)k) wwe d8slgrbated by thè thJstee5 to the speufic prc¥ect of a Rushton Centre. Th8 Ch8rfVs b8laNs ghgèt [j&S analysis IhB as88ts (items by the Charty) &5 liabilitie5 lilems OW by thè chty) to balance its total fund5 and can be surrrnised as folkw5'.- Th8 Charivs assets. whith ma#ily CLt of ts rMwnls88 8rKI Investrwnt porwolo Ireal to £16,956k 12023.. £16.414kl. This renecied fak vdu8 galns In th8 of thè kwgstwts *vJ tl8pwLqtK)rb ch8rg8 In year of £161 k re the tangible fixed asyets. Chaws currerrt assets o)nsisl of sumg to It {debltys) 8rKI (gsh al their total anx)unled to £1.069k12023: £1,(M7k}. T$0 (rront assets are by c¥&knrs {anntS due to sUpplr$ aThJ fundkng In advance) of £295k12023: £338k). R•sarvÉs Polley Th8 Commlttee of Management have set a nwninwm level of reseNes behg one nomial ex[nlture necessary lo support approximatdy 85 pupils aNI 40 ycxJNJ adulis. Reserves aro also held for ungxpethd events and in addilk)n to fund eApllal work8 such 85 $lè redgvd(¥fftnt for which 18 a gro71 requirernenL Th6 raserves pdlcy is r8viaw8d 8nnu81ty bLrt Tr8ftty r8fi8ets thé rwllurrAèrm Ie1 of CertaInty around ils key Inrne streams and thè d&p8nden¢e kxal auth1 5Frj dec15b. Trustees have despJnated funds of £6.OOOk 12023: £6.IKM)kl as In rrfjte 24. Thè am¢nI alloratèd to designated fijnds tx)n11nugs lo b& Ihe Sgtimatl cost of (wstnJdirwJ and fflting wt 8 purpose-bull building for aduh servlces as Rushlon Futures has (groWn esting tdolibes. This desigrral fund is re)riewed annual by Truste85 but CUTrentty refleds the latest estinwte crf told lsts to britwJ this buildiNJ Snto operation, 88 identthed in the plaming prcws.
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Investmont Pollcy Charity's investmonl poky is or d ovgTr1 kNylemi grvwlh th wwKxrate risk and vithout dlsllncd bglwoon in(¥m& and Capal in sutwrt of tho mn obecknve as detaId. This Is achlovgd by Inves9 pru(ldY in a bro•1 raw of tr¢S and fixod Inlwest se¢urilSes quoted on recognlsed Inv&stmeth ex¢haThJes logelher wtth unlt trusts and wjwndod Investhienl (x)mpanles authorfsed underthe FinarKial S15 Markets 2tKLI. Discretionary management of the investmpnt portfolio withln defined wldellnes has been given to Investec, an atAhor4sed person wllhln the meaning of the Flnanthl and Markets AGI 20(M). The Inveslment man8g8r provldes quartarty performance reports to, aThJ meets the C¢fflmitte8 Members, at18aBt Por 58ar 81 which rneeting the investment poliGy i% rasSessed. In OnI wrs th6 Charity h8s udlisèd thè rattjms gènÈratèd by thè p)rtfollo kn suprth thè davdDpm&nt of 8thwl and adult soclal ¢xra resources and 80 ensurg the crrent negjs of its PUF415 aNI 8eNice u8W8 ara mel while ensuring its fiJwHJirffJ 80curity is ma11[)d. The Trustees. together th Ihelr athw$. Inve¢. Teviewed Its Imiestrrnnt wthllo and rfsk appefjle. partl(xJlarfy In Ilght of the faVrOble I)vestsn dIllons. tho n1 ft Charlty to conue to invest in thts gr(N¥th and developmont of its Iwo wwaticThl £1.5m reali59d fr(¥n thB Invtsstmanl portfolo, This has provKled tho Charlty wilh sufficlent IU1 resourc8S to moet its worldng capital requirwn&nts Bnd to support fiJrth8r inv8strnent in thè prop8ty fAeilitle8 r8quir8d ty its pupll saNicè usw bose as both 816monts conlnu& lo grow and dev9. Rlsk ass•ssmgnt Durfng the year. the Trustees have reVWl an aSsMent ofthe rfsks to ihe Charity is exposed. parb(larlY buslness. operational and financial risks, aThJ have introducd procgjures and reporting regimes to manage and r8duc8 th6 Idtthed dsks. A risk register Ls in pla and regularfy. Commht8è Membèrg and GO¥8m havo agreed dear Iks ofddagation 8laff ar8 invdved in wwnMK)n of rfsk In all thdr Post Or end 8nts F(AlowSng a slralogl¢ fflnandal reviaw, in UwAubJmn tsmi 2024 Trt&8tees frxmalty anMIn that the Charity W<1¢ be dosing its R@SentIal F0V3n due lo finaal wnstraints. The provisi will contiiue to run for the lull aemIC year until the end of term on 24th Juty 2025. It vms aLso Con)Irrd that the Nursery provlsion Wiwld cease at the end of the summer temi 2025 to flnandal constralnts. ThL8 wiwld be duCe{l to a single class during S8ptsmr 2024- July 2025 th no rw Intake.
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 StrIlure? gov•rnan¢• manapnotht Thè Royal ScFM)ol for thè B51nd, Llvwpod Is èn Irwpornted thlty m8naggd by a (xJmm1tt88 01 Truslg05 (cuffenlly kr as a ComrT¥tt8B of M8n8g8llth) wtho Man Ihe Charity under powers ntaInl in Ihe Act ol Parfiament 10 Gwe11 Chap XV (16291. Th& Iw51ees who soNwJ during the yoarwera: Col M Amlot OBE Ms H Cassllos Mrs S Georgo Mr B Lawksr Prof B Longthn Mtss M Maccoss MrAPèrry Mr G Swiden Dr S Wlnchestsr DrD Wlthey Miss J Woos8y HHJ G E Morr¢)w Dr J Husgey Dr C Penketh IR8sW 3 Awil 2ff251 (RoSknd 12 Dknr 20241 (R8slgJd 14 M8rch 20241 {Appoint&J 12 December 2D24} {A¥point&J 12 December 24} Commlttee Members seNe for a temi of Yea and Thy r0-9pwnl to 88ry9 f(Y further tertns by electlon Ht the Annual G9ngral Meeting. vthi( tak85 pe ea( year. A pubk an1ement is made in a local n8wspap8r of thè tlmo arNJ of theAGM aLXxJrdall ith IhgAct). Committee Members are nviled to rthnale to sen. Prfor to IrNldng nomtnatk)ns, th6 mvlew their SlS to try to attrt MamrS Valth thè rdav8nt exp8th8 and s11$ to tho Commltt&8. To Ihls end, In racent y88r8 adver8mnts have been pLqced in professional journa15 aThJ by use of the servKw of Reach lo wistergd charity with th8 obj¥8 c< identifyg iTrJivithAs willing lo do vcluntary 5). The Chalr and offir8 are app¥Jinled by Ihe Memb8rs from amng th8ir nuNthr. Thg commit )nven8S SLX tknès 8h ar and. in the pasL has herd a(kJitKJn81 str¥twi¢ pLgnniThJ d9y8. Prospe(Jlve Membets are irmled to an iiduction trr of the School and Rushton Futures. An enhanc&l DBS ch8c Is undertaken as well as a Section 128 cheL. Members are glven a txpy of Instsum6nl arKI Artid8s of Govemment and are made familr with poliues wIxlur0$. On apwiwthpnt 8nd acc(¥(ling to their 8kills and aputude thay take reswwi¥ltty for 81 le8st one admty and pontmenl to relevant WOrng parties are sel up as ne8ded. Tralning needs a assessed and met thr(¥Jgh relevant trainhig courses offered by the Lrxol AulFN)riiy, thè Chadty Commissbon rim in the finarKe Stor. The govemanca of th8 Ch8rlty Is by the M8mb8rs ir) ac(x)rdarvx wlh Instrument and Artlcks of Governmant,. madè by the Cthimittee of Managet aFvov&J ty the Charfty Conm)issloners In 2001. In keeping wth many Charities, the vernance IramvKk kept Lmder to mire compllance th the obj'ects of the Charity and to ensure they reftért d)anoing needs of Ihe benefic48T8 il is directed to support. The School Is managed by thg Head of Schod aTKI the Goveming BcKly under delega powers sat out In the ArW¢les of Govemment. The IrtrUment requires eighl fwrKlation govomors to b8 8PtKJlnted by the conMe al l&ast five of¥rtrn are nomlY members crfthe Cknimllt ol MBn&3Wl Rushton Futtjres Is managed by tho Hoad of Ser7 arNJ the Rushton Board under delegal&J pow6rs granlad by the Commltt&8 of Managennt r8qutrwu al 18ast five Meth[5 lo be appointed. orp nomi&ly mombors of thè Commmeg of ManwJemenl. The Governing Body and th8 Rhtr Boord rerxyt thelr &bvi1 to the Commitlee of Management. vla Ihg Chalr of th8 reycrfve prov1$N, on the Perform wwnst D8vdopment Plan$ (approved by the Comrnmtee MenJgrn1.
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Slructurg, governance and management Icontlnued The Head ol Cèntral Servl¢es Is rèspon8lbl8 for Wort1r thè l]nand 8nd rforman(S poshlon. Indudlng actual axpanditura 8galnst budgèt, tha Commlttèè (rf Manayam6nL Gmity BlY and Board of Manag8Ml and is 81s0 r98pon8lble for the rnanagement of cawal ¥95ten[ treasury management and finanThal &1. Risk Is MlOred and rronaged by the Ccrnmltee of manwft by reflar assessment of the risks to whlch the Charily 1$ gxposgd. p8rtiwlarfy buness. operalxx)al and firwi(aal risks arKI ngw rfsks Id&nUfiod. It has pwcduros roporting iegimes to manage and reduce KJenti risks through thg MntenanCe of a rfsk regist6T. Committee Members, GoverrK)rs and Board have agreed ¢Agar lines of deation and aff Involved In recognitson of risk In all thelr activities. A8 part of th18 pro¢ass Safeguarfing poliiies and FX(M%thTrs arn in pkn vriihin thg Sch(x4 and Rhton Futures to en8ur& thèsè vU1rrab19 groups are pyotted OFwale in a safe envirDnmenl. The Committe8 of Managemanl is aware of the potential risks arf%ro from h3viTrJ clldren and adults shari a comrntsn trtjllding and has ensured eff8CtN8 s8goI10n of thèsa ¥uln8raN8 gr(MJps. MaMrS of th8 Committ88 of Managarn8nt. staff. VFSitors atKI p8r8nts mad8 awarè of tha nè8d to nr9 vuln8rab 0up$ protsclad. Thk8 is par1icu1aY 1[npanI in respect of the WdentI flIti88 offerwj by the sthooj and OPBrating practKe8 are in place lo prevent any forn of abjse. Managgm•nt and Stafflng Ci)nMnittee of Managomènt Is respwLAe for th8 aFwNth8nt of senior l&adets inEILNJ4)g the Head ol SLoot, Head of Rushton Futures. Head rf Care and the Head of Centrdl ServiLX. Head of Central Servkes Is r@s[l1e for day4tsday admknkstradon ofthe charity and its two main 0rat1(S and lor 8rthng that both ScPwl Rushton adhèr8 to sthÈm8 ofdèlgJallrJ) aNI thalr flnarKad budgÈts. The Head ol Schocd and Goveming Body have r&spobilIty for arning and developing the seNices and slrat8gles for the Sckrf)ol willin cr p)licies prOtoW sel by the TnJsteÈs. The Head of School ensures that staff are recruitèd and SUppted lo provld& the $kl& OXPaF1isè nwjad tr) o su¢¢&sslul s¢hoDI and thal valu95 ar9 uphgld. Dufflg the year. the sctrKKI has re¢JuitwJ a number ofstaff to support Ihe ging numbB of pupils but also to assist 8tsff in thew deYebFtof gklLs to th wtth visudly irnpaired chfldren bvilh complex mlng need& Th8 Rushton FUr•S Head of Seryk WKI the Rushton Board ha resFxy)slbilty tr planning arKI developing thé sarvices and 81ml8g$ for RuShtl Futwes Trmthin Llear FK)liS set by the Committee of Management. Thè Rushton Futures ansures that sl3ff are ted and suFted to provide the skmls and expertise needed. Audltor In ac(x)uJan¢e th the c*anty8 artide4 a propwrrfJ blat Mitthdl Charleswoth {Auditl Umited L reappointed as wditor crf the charfty will be put at a Gera[ Dl8¢108uro of Inlomiatlon to audllor Eath of thè trusteès has con11ml that ther8 ry) infeThatN)n they are aware whith is relevant to the audit, but ol whlch the aLKlitor is unaware. They have fvrther conf#Tred that they have taken Bpwwrlate steps to id8ntrfy such rdevant inforrnation and to establish Ihat the wjdIt is aware of sueh infomatKJn. On behalf of th8 INstso3 Mlss J VIoos8y Trusteè and PresKlent Date(I: J.61.É)115
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LNERPOOL STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 AUGUST 2024 The Irustegs are r98pCtsl9 for Ixepari th& Trustees. Rwrt and th6 fina#81 stal8ments in acwdance wlth applicable law arKf Unlled IfjTvJJc¥n Acc¢MlirvJ Standwds {United lfjrwfft GerallY Accepted AcLounting Pra¢ticè}. The law appll¢ablo to chariligs in Enyaw¥J arvj wa reqwres Ihe trustees to prepaTe financial 8tstem&nls for each flnandal year whlch L4ve a true and fair view of the state of affairs of the charity and of the incomiTrJ resources arKI appll¢ath)n of resources dthe tsity for that w. In preparing th088 finandal ststenwts. truslees ar8 lo.. - selgot sultsble a(XnIng pdkAes a)d than appty them consislenty, . observe the methods aThJ winc1&S in th8 Charfties SORP: . makg ludgemgnts and 0stimat68 that are re&w)naile a1 pnmj . state whelhBr appIlble acojuntlng staTrJards have been fOEcl. subjec* lo maierlal depthres dsdosed and exF4alned In the fflnanclal statgm¢nK' aNI - pr$P8 th& ffinanL?al statements on Ihe corKem basis untess it is lwpr0pte to preyJrrE that the charty wlll continue in eparaon. The tnJst8as Br8 responsibl8 k98[ suffid8nt a¢)lJI0 records that dlsdose wth reasonable racY al any tim& thè fina181 positi of thé (rity and &n¥b them to erksure that the ffinancial slal8Thnts 0)mY wlh the Charities Acl 2011. the Charity (Accounts RephNts} RegUlatiOr 2008 and the PTOViSkThS of the trust deed. They are akso responthle for safeguarding Ihe assets of the charfty he for tsklrg reasona st&ps for tho prevention and detedon offraud arKJ thr Irwulorits&s. 10-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL INDEPENDEKf AUDITOR'S REPORT TO THE TRUSTEES OF THE ROYAL SCHOOL FOR THE BUND CHARITY. LIVERPOOL Oplnlon We hev8 authted th8 flnanct8l8t8temts of Th8 Royal SdDJl fly the Blind Charity, LNer[l {the 'chariW} for the year ded 31 August 2024 whith (x)mprise the slatement offnarrial activrties, the bajance sheet, the Statsm8nl of (zsh flow8 and the notes to the ffinancial statements. IndlIng a sjJmm of SnIficant aecounlng pollcl&s. Tha final1 reporting fram8w0 that has ba8n aWl8d In thèir pr6p8ratkn ts aFWicable Lqw and Unit&Y Trqngdom AccoLmlrKJ Standards. Indtmling FlnatK# ReFY)rtiThJ Sta1th 102 Thg Ffflancial Report¢ng &andard applicable in Iha UK and of Ir8landlUniled Kingthm Generaltyknptedpmyjnting PTaclica}. In our onkn. the finandal slal8nnts. give a true and fair Vlew of stat8 of thè affars 8$ al 31 2024 and of its knLxJming resuur and appllcalion of reswrces. lor Ih8 year then &nd8d; hav8 been wopety prepared In aOrtr United KkvJn Gorwally A(1 Accounting Practi(¥', have be8n prepared In accordan wlth lh8 requlr8m8nts of thg Chatlti88Act2011. Bas1$ lor oplnlon W& conduct ow 8udlt In ac¢ordanrn wth Internaknl Standards on lditir K) OSAS IUKII and aPkab]e 18w. Our r8sponsit4lMès tr Ih¢)8e standarts fvrther described In the Authtorfs spOnsIbIlItIeS ftir the audlt ol the ftnancial statemenls sect of our rem W& aro ind)dent of the di8rlty In accordance wNh the othlcal requirements that aro rol&vant to r audll of Ihe n¢181 statsmtrnts li UK, induding the FRC'S Ethical standard, and we have fUilled olhar ethl(sl r&swbllbèg In 8ceordL With these reqlllrennts. We believe that tho audlt evidence we have L)Ined15 suffic1 and appropriate lo wovhle a basis for our opinion. Conduslons rolatlng to golry In audng the flnanclal statements. we have that th8 trus. use of the nCeM basls of acrKJunlng in tha pr8pw8tKJn ol tho finanual statements is apprr¥rfiate. 6a89d on the work we have Ferformed, have not kkntrfd any materfal certaIntleS relaung tr) events or cond0$ that. indivwjjolly or coll8dty. may 8t Sh3nffl(xnt (knbt on the c8rity'$ ability to continu8 as a Ing concem for o period of at least [vO months from the finantiat 5tateThnts are aulhorised for issue. (r responblIMeS and the reStI[S of the trustees with resFca kn rj conc8m ar8 drkn8d In thè re16vant S18 of this repc other Inf0m)aOn The trustees are responsibk for th8 0th8r Infottmafkn. Th8 0th8r wrfomiatpJn comprises Nrformation induded in the annual rgprf other than the statements and cJr aLKI[t(S TeF¥Nt theTn. Our oplnlon on the finandal statsm¥nts d(8 not ver the other infc(rnat and we thj rt express fomi of assuranc8 conduslon th&r80n. In connection with our awlit of tho fin8nci8181atom&rrt8, (Ktr reSpibIl Is to read the ofher infomiation and, in ddng $0. ¢onskler whether tho other inf(¥M1 is maleriaRy inconsistent with Ihe ffinaThial statements or our krbMle(e Obtaed in the wjdrt LY otherwse appears to be mateiially mi&$tatl. If wè idènty such matèrfal inwngistencaes or apwent maierial misstatennts. wg k) ijotsrTning whethgl thgrg is B matsrial mbsstalement In the flnanclal ststemts or a Materi rTN58taternenl of the other informalwjn. If. based on ihe wk wa have parfonned, we ndUde that Ihere is a material misslateftRnt of Ihis other informatn. we r¢quirgd b) rewrt that fact. We have nothlng to report In thls r8garil. 11
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL INDEPENDENT AUDITOR'S REPORT {coKfiNUED) TO THE TRUSTEES OF THE ROYAL SCHOOL FOR THE BLIND CHARrrY, LIVERPOOL Matter8 orb whlch w• arn rnqulrnd to rnport by In the light of the knedge and und¢rstsnding of fv charfty aNI Its envir(ment obtakned In thg wurse of the audit, W8 have r#)1 identrfiGd materw mstatenwts In tho Iwslo68' mp Wa havo nothing to report in res of the fdlowng matters In reiatknn Ic tho Charitkn lknounts arxl Reports) Regulations 2008 requir& us to rgwrt to you Ir, In wr()k)n. the InforrnafJn given In the )Inandal stat9nts b kn(¥mslslont In 8ny Nwterfal rnspect vAth Iho Iru8te&s' suffi(xenl aco)untng recths hove Th)t b88n k8p¢ or ad8quats for 8udh hovo not begt) recelved from brand)&s not Vitl by us: the finanaal statenEnts a not Sn agreemnt wlth tho &%xwnllrKJ )1. or we have nut reved all th8 infomwlon exatk)nS we r8qulr8 for our audm. sponslbllltlos of trust••s As explaSned more fijlly In the Sl8toment of Trustees. Responsililikne5, the truste88 are responsible for th8 pr8paratlon ofthé accwnts and for bdng satisfied that give a and fairmew, and for swh Intemal control as th6 twst88s dd6rminè ts ne¢e8gary to enable the preparattcfi of aCrjts that are fre8 from material mbsstatemenL wh8th8r du& to fraj or error. In PTeparing the aca)unls. tha tntstaes ar8 responsityo for 8S86&4iNJ the chartty'È abllity to ¢¢11Th as a gciNJ con¢em. dIsclo. a3 8pplicaiAe, maiters related to goirvJ nCern and using th& ping conc8rn basis of 8¢xountlng unless thg tru8tse3 eitjw intend lo cease operdfJns, or have rKs realistic aknmatfve but to do so. AlIt09 respon8lblllllos for th• au(4t of th¥llnnGlal statom We have been appnted as audltor soclk>n 144 of Ch8rilles Act 2011 and report in wrth th8 Act and relevant ragulatK>ns mada or h8ng &ff8ct Our objectives we to obtsin reasonable asSuce obwl wheth&r Ihe financLql stslemgnts as a VA)0 arg fr90 from malerfal mlsstatemen( whethar due lo fraud ( arff, and to i8suÈ an audi8 rsptsrt that include5 our Op10n. Reasonoblo assurarth 18 8 high level of assurance but is not a guarants8 that an audit r£duct in accordane wlth ISA¥ {UK} will aw detsct a material mBstatemenl when it exts. Mbstalements can aris& from frBud or Offor ar¥J are (Idered material if, indmdually or in the 899Wate. they coukl r6asonaNy b8 6xparl8d to influenl the ecorhJrrAc dedsS of users tsken ¢)n tr i)8sis of th980finandal statwn&ts. Irregularltlès, In¢luding fraud, are instsnces of noTPIrde 7Mth and regulatw)ns. Wa design procedu$ in Ilno wllh our responsibililie5, oulined above. to detect nwtsrid mbslatennts in reSpt of iffggularibgs, includi fraud. The extenlto whlch our ProlU$ are (spable of deleding 1rrryularilS. induding fraud. is detai18d below. Th¢ nt 10 7Athl¢h the audlt was considered capth of detectlng IrrdarIt[Bs, Includlng fraud Our approach to lder)trng and assessing th& rfsks crf matèrial misst8t8ment in rèskwt of 1rrew1arfts. Indudlng fraud and non4compJiance vAth lthvs and regu18b"ons. &5 fr4k)ws: . the etwJagemnl pather ensured that the ervJagemerrt team colleclNely had appropiiBta compatonc, capatmlthes aThJ sklls to idenofy or recog9¢ wrth appllcablg18w8 and r8gulations,' ' W8 identified the laws and regutalons appW¢ to th& tharity IhrrvJh dis(W83 wilh trustees and other rnanagament., w8 focu88d on specrfi¢ laws aThJ relayb)nS whth we considered may have a dlract matsrlal oh¢t on the financial 8tslements or the operath)ns of the charity, induding the Charittes Aci 2011. tsjation bJi81alion and data prOtIon, anuthdbery, employThnt aThJ hgalth and saf8ty legislatK)Th" • a&se&8ad the axt8nl of Coml•n(* th tha laws and regUlatS Njenlffied abjve through maklng 8nquiri&s of manaJemenl and inspeclrwJ legal TreSp(mce. aTr * identrfied laws rel0110nS ¥dIn the tegm rwJuLgrly and the team remained ert to instances of norFmpLI8ftCe througfKxrt the au<r 12-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ROYAL SCHOOL FOR THE BUND CHARITY. LIVERPOOL Wo a880S8ed the Sus¢111 of the (arit8 financ4al &atements to material mBstat8menL 1rlng obtaining an understarKJlng of how fraud Ight 0r, by. rrakirvJ enquirigs of management as to vthefe Ihey considered th8re was Busceptiblty to traud, thelr knoge ofacbjal. su8pectsd and alw fraud.. and • considering fhe inlemBI ntro& In to mllyt8 of fraud 8nd n-cOmP wlth Lqws and rggulath)rn To w]drg8s the rtsk (fraud thrwgh managemerit bias arid override of controls. w?.. performed anatydcal proce(IuTes lo klgnufy any Lrn8uat (Y relatw)n8hlps', tested lOum entrfes to Identkty Unusu trtionS. a$8eswJ whether judgements and a55umptions made in deteThruThng the Unn9 estimates were iNll¢atlv8 of wlenbal bia8- and ' invesUgated the rattonale behlnd slgnl1lcant uwsual transactlons. In r&spornq8 to tha rL8k of irr8gulwitles norp(xxnPlCe ith wuLqlh)n3, we design8d w(edureS whkh Ied, but were rK)t Il[ted lo: • agreging finda1 stalamènt disdosur8s to thMents1k)n; ' rgading thg rTNnUtg8 of wwwtirvJ8 of tIK58e charg1 govemancg,. 8nquiring of manageTllent &s lo a(ual and potential lligatJn dm8.. and rewewing ts)rresponden¢x th HM ReveThJe arid cxtsto, relevant reguktors IlncludiTrJ Ofsted and the Charity Ccthmissionl and the tharrvs kgal alvisors. Tharè arè Inhérènt Ilmttations In ow audit protedures de$ibed aLve. The rrbxe removed that law5 and rggulatlons aro from fin8nd81 transactions, the $8 likely it is that woukl become awarg of non-compliance. Audtling stsndards a180 limit the audit ProureS wuired to identify non-CA)nyliance with laws and regulations to enquiry ol Ihe trustees and other managernent lh& Stwethon of r8gd8tory arKI189al rrspOnd0rts, If any. Material rnisstatements that due to fraud In te harder to detect than th)se that arf5e from eThor as they may involve dellberate c0aIMerrt or ¢ollusl¢)n. A further descrlptFon of our reSSIbeS for the of the accounts & Ir on Ihe AnancLAI RepcKUng Council's Wete at.. http.'lkn.frc.0rg.ukJaltorsreSMsb1Mes. Thb desWion fom part of our aud11($ report. Thls report is mada sdety lo th8 chortys truste8s. as 8 W. In accordarts wfth part 4 of th8 Charltlgs IAcrx)unts and R6rpXts} Regu10l'ons 21J18. Our audlt w(wk h89 bB8n underlth that wè miyht gtatts to thè ch8rity$ tru$tèos thoss mattols WO are requir&Y to slats to thwn In audit(¢s r8POrt and for no other purrThe. To the extent pomittod by law, wo do r¥Jt acc8pI or asswne Teslbty to anyone other than the tharriy the charjtls trustees as a body. for (Njr audr( Wc. fcf this reFNt. or for th& orAnions wo have fomwl. Mltchell Charlesworth IAudlt) Um Ac¢ounlants StatutoryAudllor tesC,D,E&F 14th Fk)Jr. The Plaza 1 Old Hall StrÈ6t itthell Chartesworfh (Audit) Limitwj r6 dvJlAe for 8PFL)inlmenl as audTtor of the djarity by virtue of its eligibility for appointment as auditor of a company under 1212 COrryan9ACt 2CKJ6. 13-
THE ROYAL SCHOOL FOR THE BLIND CHARrrY. LIVERPOOL STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Currnnt flnan¢l•l yoar vnwo8trjct Unrostricted nds funds révaluadon 2014 Total Total Donations and legacies CharftaN8 a¢UvllioS Invostments Other income 81,631 5.287,779 304,7tK) 81.631 69.103 5,287.TT9 4.304,441 304.7 297,OC 3,579 4,613 Total Incom 5.677.689 5.677,689 4,675,157 Raksing fund8 J,073 50.073 49.751 charttae activr 6.082.132 44.322 8.126,454 6,(.881 Total •xpendhuye 6.132,205 44.322 6.176.527 6,056,832 Net Ilossesygairk8 on invethwnts 15 1.105.Tra 1.105,799 {159.101} Il•t In¢omoll•xpandltur•) for the 651,283 (44.3221 606,961 {1,540,576) other r•cognls•d galns and loss•s RevaJuatSon of tsnglblg fcied a$8ets 478,739 Not movement In fund6 651.283 (44.3221 606,961 {1.061.837) Fd b8lanc¢s at 1 SeptgmLw 20TJ 15.094.07T 2.029.514 17.123,591 18.185.428 Fund balances at 31 August2024 15,74S.360 1.985.192 17,730,552 17.123.591 Tho ststement Offinal aclfvibes indud85 gains and k)S rècowwl In lh8 yew. I Incwe and exwidttur8 derfv88 from 1111[ acti1. 14-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LNERPOOL STATEMENT OF FINANCIALACTivrriES (COKllNUED} INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Prfor flnanclal yo•r Untesblcted Unrastrlci¢d nds lund$ rnvaluatlon 2023 Totsl 2023 2023 Donatbns and gaG Charitable 8ctlvhl8s Investrnenls Other Incn& 89.103 4.304,441 297,OCMI 4,613 69,103 4,304,441 297.OLKJ 4.613 T4Jtsl Income 4.675,157 4,675,157 RaIn9 lunds 49.751 49,751 chItable aclivrbe8 5.972,959 33.922 6.W6,881 Totsl oxp•ndttuYe 6,022,710 33.922 6.056,632 Nel gain81{b58esl on investments 15 1159,101) 1159,1011 N•t In¢omo1{•xpondltwe} forth? year {1..654) 133.9221 11,540,576) Other recognlsed uatn$ and lo Revaluation of tangible fved ass81s 478.739 478,739 Not movement in fund5 {1,W,654) 444.817 11,061,B371 Fund balan at 1 September 2022 16,6(#).731 1.5&4.697 18,185.428 Fund balancas at 31 August 21)23 15,094,077 2.029.514 17.123.591 The Btaternent offinarVal BdIv$ Indudss dl and k)$808 wKJni8ed in year. I Income and ex1dre dwivesfrom ltinuIng thtles. 15-
THE ROYAL SCHOOL FOR THE BLIND CHARrrY. LIVERPOOL BALANCE SHEET ASAT31AUGUST2024 2023 Flxod 4¥50ts TangltA8 ats Inve5trnents 16 17 6,416,871 10.539,09) 6,518,393 9,895.558 16,955,967 16A13.951 Curront assots Dabtors Cash at bank and kn hgrKI 419.935 383,068 664,418 1.069,433 1.047,486 Crèditors.. amounts falllng due wlthln ono y•ar 1294,848} 337,846} Nei current assets 774.585 709.640 Total assets 1088 cuThont Ilablllllès 17.730.552 17.123,591 Funds ofthe chwlty R8valuatson r88erv8 ot funds- Dèsignated funds General unrestrfcbj funds 1,985.192 1029.514 6.0().0 9.745,360 6.1),000 9,094,077 15.745.360 15.0.077 17,730.552 17,123,591 The 8tatements wer8 apwov&J ty th8 TwslBes on.J. &.l.ts l.£s J Wotisey Tru$l40 and PrOd•n1 and Vl¢¢ Pyosldènt 16-
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2023 Cash Ilows from opw#Ung a¢tlYltles Cash absorbgd by wr8tions 27 1722,7V2) {1,274.0831 Inv•8tlng actlvllle8 Purch888 of tsngible fixed a888ts Pur¢h&s9 of inve81m8nts Prots on dlsposal of Imffjstm8nts Investsnenl Income atryl Interesl Tece(ved 159.186) 1973.551) 1,376,362 {e5,2851 11.618.703) 1,925,161 297,(KJO Ne¢ Cash gonoratod from Investlng acllvltleB 648.325 $38,173 Not eash In flnan¢lng actlvltlos Ngt docrg0$0 In ¢a$h 8nd ¢a¥h •quNalents 174,437) 1735,9101 Cash and Cash ualS at begknnbyJ ofyear 894,307 1,630,218 Cash and cash equlvalerts at end of year 819.870 894.307 Rdatlng to: Cash al bonk ané in hand Short terni deposits Includ ]n ass8t inveslmants 664,418 170,432 819.870 894.307 17-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2024 Ac¢ounto1g pollcle Charlty Informatl)n The Royal School for thè Bllnd, LiverFdx4 is a wistered charfty rrAnaged by a Commlltse arglts tharity Management Committèè under powers contalned in the Ad of Parbament 10 Gw 11 Chap XV. The tharity Is ¢pgistered in EThJland and Wales (retsste m s20). 1.1 Accountlng eonvéntlon The accounts have betsn txepared in aox)rdance wrth ch8r&tys gov8mry dwm&n( th8 Charrliss Act 2011 and 'Arx(MJnng mI Reporb'ng by Charibes: Stata)wnl of R8rx)mmÈrKlÉd Pract applicable to charlles preparing their acts)unts Sn accordan wlth Ihg Firk9al Reports'ng Standard applicable in the UK and R8public of Irdand IFRS 1021" {as amend1 nting perS rmMenCAj from 1 January 20191. The tharity is a Public 88nèfft Endty 8$ defffwj ty FRS 102. The finonoal are Prepared in stethg, whkh L% the thrthn81 currency of the Laiity. Monetsry amounts in these financ4al Stat0n aro lo tha £. The accounts havg been prepare(l under the INsICal cost CCenon, mdlfied lo indude the revauation of freehold propertlos and to in(tde certain finana instrumenls at f8lr valu8. Thè prfn(apal a¢¢LyJntitu polici8s adoptsd are sel otrt 1.2 Golng con¢wn At the time of approwrg tho a(xJunts, the lJustees have a reasonable e¥pocaatk)n that the th8Tity has adequ819 rostxir¢o8 lo continue in cverd1at existence f(x Ihe foreseeable fubjre. Thus thetnJste88 contlnue to ad(yl the goiw CcceM basis of Bccountkng kn prepa the ac(xxJnls. 1.3 Charltabl• fund8 un$theted fund8 are availth ¥Jse at the dis(x&Uon of the In rtheanc of thdr thartiable objectives. mon received that are earmark6d wrptsses are credited lo reslricl&J funds. Amy oxpw)dilure in(xJrrgJ in adeVO the SplfIC purpose is met wtofthe re]evant restrlciad fund. 1.4 Incomo Income Is reCJtlsed when the therity to It after any [ènc& have been met. the arnounts can mè8sur8d r8lalAy, and it is wobat4e Ihat kncom VAII re$d. Cash donolons ara rgxunised recept other dOnatS are r8(x)gnwl on¢9 the tharTty has been notified of the don8tlon, unlèss perfIXman o)ndltions requtre deferral Df Ihe arrK)Wt. Income tax recoverable in rdatkn to donati¢6 receNed Uler GIftAkl Is re¢(NJnL%ed at Ihg tmne ol the dIatiOn. igaLxes recwised on recept or thrwi8e rf the (kty has been rtIfied of an imp8ndlng dblribubon, the amount is known. and roceipt is eypeLed. W the aMrArt is rKJl k, is treated as conllngwl awL -18-
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A0tIng poll¢k$ {ConUnued) 1.5 Expendltur• ExperKlllure is Indudetl on Ihe ba8ts of th& aMolts pay8bl8 for do and provid8d, in th& ar. The costs are alli)¢atgd b8iwn hIng$ as frAIows: . Costs of raising fijnds we th)se (¥tsts kngjrred in altradi¥J vdunlwy inu)me, and itK)se Incurr In v6stsn8nt managern8nt that rais6 fLmd Ch8rit8bltr a¢tivitig8 iiduded al 0XJ11e Inld in ts provisw)n of tharitablg servlcgs, loer with supKth costs, in pursua of thg d)lecttVOS. G¢)vemance costs indude the (y)sts of wyerar rn98mertts vl)ich r8lato lo Ihe genwal runnlng of the tharity and are wunarity as5cthted with C(nstlnal st8bJtory requlrennts. 1.6 Tanglble fix•d assots Tar01b fixed assets are iniknally nMsured at cost and subEeweth rneasured 8t LX)St or valualon, net ol depreLialy)n arKI any iMpt hjsses. Depredatwjn 15 calculated 50 as to wrlte off the ctht or valuation of an asse(18ss its estimated resklud value, over the usefijl economic1rf8 ofthat asset as fdlows.. Fr11 propety (at valualionl Improvement works capitalised Kitchen & other equIpnt Furnlture & furnishirS MolrK vohk 2% w annum a stralghl Ilne bals er 3 or 10 years on a straight line Lx%s 10 C 20% per annLKn on a straight line basis 11FA per annum on a stra¥Jht line b&w8 XPA per annum on 8 slrakJht line ba$ Freehokj larJ is nol depredated aTrJ Is Incbjded atydlualhjn. The galn or loss arisiro on lh& dtsposal of an asset i% determ a5 the drff8r6 between the sale Yocwls arKI the cWryij v81ue of tho assoL and 18 in th8 8tstom&nl of finw¢ial acty'vNio& PrO•S whose fair v8lu& b8 mÈ8sur8d rèlab 8r8 h8ld undBr r8valu8Oon model arKI 8r& PArri6d at r&yuèd 8rn(xJnL bèir¥J thwr tsir Val at the date of valuation less any subwuanl 8¢¢umula depreciation and subsequent acrJJmulated irnnt losses. The fair Yalue of the land and buldings usually con8wJered to be thw Maet value. Revaluatlon galns 8nd loss¢s aro rg(x)gnisgd in other rwJnls8d gains and k)w$ 8nd #cMu18t0d In gqulty, excopl to the extent that a revaluation galn rever5e5 a revaluation bs5 previously reLSe in nd incomel (expeilUre) or a revaluatr)n loss exceeds acujmulated revaknal•Jn gains ognIsed in equity,. such gains and loss are recc*Jnlsed In net Inccffiel{eypenditure} for the year. Thè Commlttoe of Management are to undertake a pr¢wnmg of suffldent regular valuaoons of the land and prop8rty to ensure the bwk vajue does not differ materially from fair value at the year end. 1.7 Flxed asset Inveslmonts Fixed as8el investments are in1U[Y measur&Y at transactK)n price exduding trartsacbon cosrf and are subsequenty measured al far value al eath le[Tra dale. Changes in fair v8lue relnIsd In nèt lncomel{exnd[tUre} frrfth6 year. Transaciw costs are &xw)sed as ¢ed. 19-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (COnNUED} FOR THE YEAR ENDED 31 AUGUST 2024 Ac¢ountlng wllcl•$ IContlnu•d} 1.8 Impalmient of flxed assets At 88eth r8porbng end date, thè th8rlty revth th& ¢arrylrKJ anKwnts of tts tsnglb19 assets to d&tsmln8 whèther thor8 1$ any Indtion that those assets have suffered an inparment loss. If any su¢h indralion exists, th8 recoverat4e arrKJunl of the asset is eslimabj in order to determine the extent of th& impairm8nt IOBS Irf onyl- 1.9 Cash Ind Cash equlvalents Cash and $h wuiv8l&nts de in haryj, dysits hold 8t 11 wrfh banks, othor thort-tem Ilquld illve8ltnents vrith original maturilw of ljwee thS or less. and bth( overdrafts. Bank overdrafts are Bhown wItINn Ixjrrowings in current liaLxlleS. 1.10 Flnan¢lal ln¥lrumts The charity has 818Ct8d to appty tha prolOrts ol Sth 11 'B8sk Rnandal InslNm8nts' and Sectkjn 12 '0th8r FIn181 Instwm8nts188ubs' of FRS 102 to 811 of tts financial tnthmenl& Flnancial iislrum8nts are recojr¥j n the charivs bakirKe sheet kn the charity becomes party to the contractual pro¥isions of the instrumenL Flnanclal assets arKI Ilgbllmles are offset. wllh the t FYe8alted In the finan1 8tatemonts, when there Is 8 legalty enforceable right lo SÈI off the recognlwl amounts #NI theTr is an inlentK)n to Sett on a net basls orto realse the a58et aThJ selde the Ik3blity MultanUSty. Baslc Ilnanckl ass•ts Baslc financ4al assets. whk ItKhJdo ¢btS arxl (xh aNI bank balan$. we Inillally mg&gurgd at transacuon prfce ILKI[ng trarn%n o)sts 8re subsequendy rrIed 01 amorti$trd cost uslng tho effeoth Interest meth(xl unkns Ihe a[Je1Tl Ix)nsIsS a ffinancThig transaction, where the trdnsa¢tion is meawred at thg present Val of thè future re¢lpts dI8(nted at a market rato of intèresL financial assets da85ffied as r1¥at8 within year are not anvXted. Baslc 11n•n¢l nobwfjes Basic financ491 lia1, Indlg (¥editL¥3 al bank lo3 8re initialw rJniSed at transaction unle88 thtr aff8nggrnent LX)n8tiLrtes a flnan&ng transaction. vtheTe the debt instruEnt is measured al the Present value of thg future payments dIsCJnIgj at a market rate ot intaTesL FinaThSal liabliti6s Classifi as payablo WItn one ar not arTh)rbwJ. D8bl Insthents wbsequenly ¢Tr at cost, usiThJ the effliVe interest rate method. Trade creditors ate obliqatiors to pay for wds or seNkes that have been a¢(pJired In or(linary course ol operaOn$ from suptAi8rs. knnts payable das¥lfied as IrrOnt lielxliti8s il payment is due wlhin one year or less. If not, d)èy arè prè&enlÈd ax [Prrent Ilabilrties. Trade creditors are regnised inrfially al tran8actK)n and bSequenY rneasU at amortis&J c>)st using the offacliv8 tar•St mathod. Derncognltlon of Ilnaftelalllabilths Financial liabilkties derecowised kn the (11 oLqv•lion5 expire or are di8(arwl or C8ncell&l. 1.11 Empk)y•e boneftts The cost of any unused hojiday enutlement Is re(wJised in tiich tha empjw's receiv. TeTrTwnalion bengfft5 are recryJnised YnmgJHldy as an expense %then the dwrity is K)nstrabty o)mmitt&J lo lerminale the OYMent of an emF4oyee or to WOVKle lerm*ialkn rrts.
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACcoWng pollcl•8 {connOd) 1.12 Rotlr¢m¢nt bon¢fits The Chwity conlribut6s to 8 Group Personal pens Pkn defined c()tillYjIJ0n 8cheme. Th costs ar¢ ¢harwl to thè stst8nrf of FInal91AVItiS and reFwesent ntribUll0rts payth In the year. The Charity parbcipales in the T8a(etr8 Per Scheme IErTrglarKI arKI Wale81 dellned benefit and oparal8s th& dafin8d b&nefft schèmes. the 1983 Schema and The Pension and Lrfe Assufdnce plan. Thase sts, as cakulated PgfKKfjcalty ty profes$k qUalifd actuaries. are charged to the Statem8nl of Flnandal ActieS so a8 to spre1 th8 CC¢t ovwth8 seNi( lives oftho empk)yges In IhB xhem8. 1.13 Leas•5 Rentals payoble undw opwall 18asos, Indudirg a)y l&as8 vKentives receN8d. are charged as an exp8 on a stralgm lin8 ba8L8 ovér th8 lèm) ofthè r818v8nt lèas&. uabl1lls are recoJnlEed Onl there is a nSInte rt)IKJatth that ccmmHs tho School to pay out resources. 1.14 Taxatlon Th& charfty benefits frcm various exempt'orts from taxalijn affor[1 by tax legl%k91bn and 18 not Ilable to orpomtion tsx Inm8 gr galns tsbfing Tr1h t exemptiorts. Recovery is made ol tax deductsd from I1Kle aNI from re¢elpts und¥ GIftAJd. During the flnancial year, the tharity is abb to r¢VÈr ValuÈ Add1 Tax arKI 8XP8fKlknr& Is r&corded in th6 accounts indusive of VAT. Post year-end the charity reg11 for Wuo kl a8 a rosult of dwiges of lagIation for Schcds n th8 United Kngdom. Crlttcal accounlkng e8tlrnates and ludgements In the appliLztion of the (arfty's aurttiffj Fdlc4es, tho bustaes 8r8 to make ludg8m8nts. 85timat&s and assumptions about the carying amjnl of assets and IkgblilTres that are not readlly apparont frt)m oth8r Sources. The eslimates and associated assumptions are based on historical experi8rwx other fr8 th8t ar8 (xjnsrdgrd lo bo r8l&v8nL ArtuAI r&sts m8y (llfferlrrxm these &%timales. The estirnales and undertying ass[08 are on an ong(¥rvJ ba818. RgvisiQllS to a¢Unting èstimates ara reu)gnised in th& peri in estimate is revtseLI where th8 revision affects that period. or In Ihg perfod of rov1 future pIodS t£re the reSn affBcts both current arKI fuiure pericrfjs. Crltlcal Judgemonts Prowtl•s hold und•r ravaluadon modgl The chartty records prcperues hdd wthin assets der the Tevaluation modol. Pedod1¢811y th8 ch8rlty oblalns a thlrd paty valuatkjn from a slab quafi&l speualist. This report values all property and land held by the ¢h8rfty at marketvalu8 k1 thk81s Th)t rxxslA8. Sing th8 d8pr8cialad r8[1ent cost method. DoprKlaUon The annual depreixation charge for tangli) x811 assets is to d)angtss In esllmatad usefvl economlc IeS and resldual vaues ol the assets. Tr usefvl en0m live5 and reSidL1 valu8¥ are 88$&$sèd on Inltl81 acqulslbon arKI aSSeSsed Fkrfodr21ty to ensure tw remain aptxopriate. They are amended when ne(ssary to reflect cuffpnt e8tlmatss bas w tethnoky(*l knBncenwnt. fuiur8 inv8stm8nt& ernamIC utilisation and the physi(zl condi11 of the asse1& The usthl I$ for eath class of at ara sat out in the aco)untsng Fdicy 1.6. 21
THE ROYAL SCHOOL FOR THE BLIND CHARrrY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (COPUINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Incom& from donadon$ and l¢g•¢lg$ Unroslrlcigd Unrn$trlctéd lunds funds 2024 2023 Donation8 and gKts Lega¢i65 19,601 82.030 62,103 7,000 81.631 69.103 The charity is foriunate lo (1ve numgrous don8$ and 18ga(>&s from mernbers of thg WJNIC, 8OTng of whtth will come vAth restd¢Uons for thelr use. The twstees (tsIder that these funds, Ytsre the funds are not of alorgtr capital nature, spent w) the sthxA year in which they a re1Ve and that the wshes of the bw58factors are rrEI. ACrdkngty Ihe truslees have IndLMled thls catyNy of uio)me wlthin the amounts shown above as unrestrlcted fijnds. Where thè ch8rfty r8c8lv88 ndS lor a spa¢fft (ar¥tal w0j, Ihe trustees induth this inc4)ma withln the C funds hdd by the chaiity. No iF1xe was rec£14 kn thg year. Charftabl• aclfvltlos fund¥ gral 2024 gengrnl 2023 Fees and olher edwtlonal furKfing Nursery incA)me Respite, transport and similar inc¥Jme PA)ctal car8 Ro(¥n hify artd other 3.V29.202 60.242 134,321 1,203,917 60.097 3.098.119 54.045 103,948 1,1Y28,958 19,371 5.287.779 4,304,441 Inm0 from knvqsyts UnrgstKi¢tsd Unrostrfcted funds funds 2024 2023 Incorne fr( listed IrNethents Interest r01¥able 275,807 28,893 277,268 19,732 304,700 297,OC)
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Othèr In¢ome Unrestrf¢t•d Unrostrlclod funds funds general general 2023 LAC. student and (rther 3,579 4.613 Ral#lTrd funds Unrostrfctsd Unroslrlctod funds funds genernl $eral 2024 2023 Investsrenl management 50,073 49,7S1 50,073 49.751
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOIES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31AUGUST2024 Ch•rltsble a¢tlvllle$ 2023 Staff costs Depredati and IMprMan1 Rates. Uti1&S and insuraTh Mainlan¢S costs Cl&aning u)ntract Clas8 and oth8r w8m8e$ Therapy ¢osts Calerlng rsts Tralning costs offi and similw costs lor and travel (x)sts 4,695,508 160,701 298,808 135.198 183.044 72,480 167.686 119.082 47.2fy1 169.152 40,885 4,252,132 261,239 2TT,322 196.269 198.509 92.153 302.714 89,294 41,885 213,133 6,089.748 5.983.596 Share of Suppjrt costs (see note 9) Share of governance (xists18ee note 9) 3,1& 20,1) 28.9)3 6,126.454 8.C(16,881 Analysls by fund unr88tric1 fil]8- g8neral Unres1rfd 1$- r8vaJuaUon 6.082,132 44.322 6.126.454 For the year onded 31 August 21)23 Unrg8lrided general Unre3tri¢aed lunds- revaluation 5,972,959 33,922 6,CM)6,881 Tho above exwdlture on calllabk actsvits 7led £44,322 {20Yd'. £33,922) In resp8¢1 of the unrestrlcted revaluaucn SerVe refgrr6xl to in Th)ts 22. -24-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs ollo¢al to aclivlll•s Total 2024 Total 2023 Pmfasdonal f88$ Bank chBr998 Governa 9.551 252 26.9)3 2.808 327 20.150 23,285 2024 2023 Governance costs compr158: A1t fè8s •lcwJntancy 10.222 16.681 8.98B 11.162 26,9)3 20,150 fo Trusts¢$ None of the trusla8s lor Any p8ryons coreded them) receIV any rernunerallcffl durfng the year12023.' e); Ie ofthe tNstees was r8lmbwse4J traI1j or olher Gxwsos durkw the w (2023: nonè). 11 Audltorf$ r•munoratlon The analyTi8 DraloS remunerath)n 15 as fvkn.. Fw payablg to tho charftrf• audttor. 2023 Audtt ofthe drIS anTyJa acco 8.190 7.800 Non-audlt S•e•S All other non-audtt serv 16.681 11.162 Audit 2,032 1.188 -25-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS {COPfflNUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Employoos Numbgr of•mploy•4s The average nN)nthly numbw ofwnleeS during the yearwas: 2Q24 Numbor 2023 Numbgr Seniix management Teachers Edueadm supp(Kt stsff Admlnlstratlon & oth8r Care lincludlro resldenlld aThJ nurring) Adult care 16 16 55 15 12 36 17 12 151 141 Employment costs 2024 2023 Wages a sakqri85 Soctal secwlty costs othw pension costs Othw staff ts)sts 3,974.992 3,601,523 293.562 328,656 28.391 412,823 7,400 4,695,508 4.252,132 Induded vAlhln wages 8ThJ aro panents ft>r supp4y *aff of £128,25612023: £1762731. The number of employees ronwn0ralw was £60,000 or re.. 2024 Numb•r 2023 Number £60.11 to £70,0(K) £70,CQ1 to £80,OC Of tho èmployee8 whose oIrrts exceethl £.000. 1 (2023: 11 hwJ rreI Lefits a¢xnJing under ened benefft sch8m&s. 13 Rotirefflent benefft sch•m05 24 2023 Dgfinod oonlrfbutlon s¢h•mo8 ChaTge to wofft or hS In respect ofdefinod Èchw 412,823 328.856
THE ROYAL SCHOOL FOR THE BLIND CHARrrY. LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 R9tlrom•nt benofft 8chgmoS {Conllnu•d} Th8 School pt1pAteS In 8 munt empbyer penSh scheme. The GDvemmetil's Teachgrs. Pens Defined Benefits ScheTh, for its thIng staff. The pension liablllty Is th& ra8wnslbllty of the Teachers, PensIL5 Scheme. As a result it is noi FSB1b to wjentify the 888018 and fiamibes of th8 scheme whlch are attrfbutsbl¢ to the school. The u)ntrfbUns th6 yw to 31 Marth 2024 w8Tr in 118rs for t8ad)8r$ 8ThA was betweèn 7.4% and 11.7% {2023'. 7.4% to 11.PA). For tho employor th8 rats was 23.7% Ir1r to 28.7% from Aprl 2024 2023- 23.7%). Th8 school'8 fJ)ntr*MJtkins payable to the were £214.8Y {2023: £170,036). The gmployer5' pensK)n tlMIonS for the in respeLt of the Group Personal Penslon P10n la d8fingd onlribution scheme) amountsd to£197.96912023: £158.820). As at 31 August 2024. of£31.76212023: £35.770) wern oublanaing. 14 Taxatlon Tho charity 13 exempt from laxation on ts aclMts8s trAuSe ejl Its In( 15 applied for charitable purF0S. 15 Nel gaIn{lOs5$S) Inv•slments Unrestrlctod Unr8stricted funds funds gènèral 2024 2023 Revaluatn Ikésygain on investments ILossyg8in 8ale of investments 971.159 134,640 1208,4051 49.304 1.105,799 1159.1011 -27~
¥E 41
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Tanglblè Ilxad 8ssots {Contlnuedl At 31 August 2024. ha(1 thp a88ets been led at historic cast less aCMlated depre0 aThl accumulat Impalmient kis8es, their ing arUnt have been approxlmalety £1.918.450 12023.. £2,085.0231. The Committee of Management waiu8d tho Pfwty frn whh th8 ¢AHrity opwates as at 31 August 2023. Th& profassbnal Valuat1( of the freth(d laTrJ and pwopety Wds undertaken by P Imncldes MRICS of Flsher G8mian LLP and thair report dated 24th Janwy 2tr24 cOnCkn thal the mart8t vth6 of the fteehokl land and property was £6.2 mli0n. The Cf)mmittse of ManeMent arp to urkn*rtake a prograrTwne ol sumdent regularvalualons of the land and prop8rty to ensure the book value d08s not diffw matwialty fvom the falrvaluè at thè ènd. 17 Flx•d asset Inwslm•nts Llsted Invutmonts Cash In portfollo Cost or ValuOn At 1 soptgmLr 2023 AddItS VaallOn changes Di8po8al8 9.665.689 973,551 971.159 (1.241.721) 229.889 9,895,558 973,551 971,159 (59,4571 11,301,178} At 31 AwJust 3)24 10.368.658 170,432 10.539,090 Carying amount At 31 Augu812024 10.368.658 170,432 10.539,090 At 31 Augusl 20T3 9.665.669 229.889 9,895,558 18 Flnanclal Instrum 2024 2D23 Cwrying amount offlnanclal assots Debt Instruments measured at Or11sed cost Instrumnls measured at fair value through k 1,110.223 10,368.658 1242,661 9,665,669 Carylng amount olfinan¢lal Ilabllllles MeasLred at amortL8ed cost 182.897 2M,783 -29-
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS {coTiNuED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Debtors 2024 2023 Amounts falllng due wlthln on• yw. Trade debtors Other d8btws Prepayments atMI 2,821 29),353 126,821 348,554 34.514 419, 383,068 Cr•dltors'. Amounts dug Twjthln ong 2023 Def¢rrgd irKx¥na Trode credltr Olher creditors 21 111.951 34,061 104.147 44,689 83,063 83,198 49.543 122,042 294,848 337,846 21 D8forrod In¢om• 2024 2023 Othèr d8fefred 1me 111,951 83,063 D#feThed IrKxJme Is indudgj in finarK4818tstwYwts as foN(r. 2024 2023 Current Ha1114e$ 111.951 83.063 2024 2023 Total deferred iTh>Jrn8 al 1 Septemiw 2023 AmCnts in year Amcwnts ¢r8dlled Its Statement of Athlbes 83,063 111.951 183,063) 75,846 83,063 (t5,846) Tot21 iJ8fert8d Irne al 31 AUt 2024 111.951 DefeThed Inoyme hdd al the year end funts [¥1 In a(hanc6 ofthe 2024r25 school yearfrom the Edu(*0 & Skllls Funding rtge aThJ oth8r scyJre8s.
THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2024 22 Unrestrlctod funds- rnvaluatlon These are unTesfrfcI fund5 whlch 8r8 made up a8 fdk)ws: At 1 ExpdItuTe Galns and At 31 August loss¥s 2024 2tr23 Revalualh)n r88erva 2,029.514 (44.322) 1.985.192 Pr¢vlou$ ar. At 1 ExpeIltU Galns and At 31 Au9u8t los8•8 2023 R8V8luallon rBserve 1,584,697 (33,922} 478,739 2.029,514 The expenditure of £44,322 {2023'. £33,922) ¥Yd5 the addlial deFwe¢kqtk)n charw r8qukwJ folk)wlng the professional r8valu8lknn of the charitys fr8ed In Jarnry 2024. 23 Analyslg of n•t assots batw••n lund$ Unrostri¢W Revaluallon Total Unrestrictgj Revaluatlon geral funds r8$ÈNo Tot81 funds 2024 2024 2024 2023 2023 2023 Fund balances at 31 August 2024 are r8yesgn Tanglble ats Investments CurreTrt assetslulabliues) 4,431,685 1.985.1¥2 6.416.8TI 4,488.879 2,029.514 6.518.393 10,539,(YJO 10.539.0 9,895,558 9,895,558 774.585 T74,585 709.640 709.640 15.745.360 1.9&5,192 17.7X).552 15,094.077 2.029,514 17.123.591 -31-
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL sTATEME1s {coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 D•slgnatsd fundJ The unrestrfcted fvNls of the tharity rise tre uneypended balanS of donatkjns and grants %thich are not subject lo SPecrf coThthtics by donors arKI grantors as to how th9y may bg u8gd. Ttrwe Includg designated fvnd8 vthtch havo teen set askle t of unTtri& futyjs bythe IMSte for 8P8cifK purpD8es. 110vnI In funds Movgm•nt In fund8 InGomo BalHnGo at 31 August 2124 Rushton Centre 6.IXK).000 6,LhY),L 6,000,000 6.(KJO.000 6.OCQ.( 6.000.000 The ajnI alk¢aled lo de&gnat8d funds was th8 8gUtThts of tho lt of n$t1j ffitti out purp08e4)uill bullding for adult as thg tsrity h8$ (Mrturl th& faLalitie8. 25 0p9ratlngl0 ¢ommllments Al tha rertIng ènd dal8 the drity had outstanding convnitrnents for futhre nlnlmum Jease payments under non-cancdlable operating ase5, which fall duo as frAIows'. 2024 2023 Wllhin one year Between ts¥o and fve year5 29,505 8,207 16,441 3,164 37,712 19,605 28 Relatfjd party transa¢tlons R•muneratlon of key manag•m8nt P8tsonn Th8 remUr¥t1tsn of key rnent persiTh¢l Is as fokn•E. 2023 Aggregate comp8nsa1ion 232.fA8 259,401 Th8rn W8rÈ no other related party tranSacn5 durfng Ihe w120rJ: noww).
THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 27 Cash genOrat fr<4n op•lon8 2024 2023 Suwluslldeftatl f(Ih&Yoar 606,961 (1.540,5761 Adluslments for. Investment itKxxne InISed in statement crf Gain on dIs[al of Snvestments Fglr vu0 I0(81n) on Investrnents D&preLxatkJn and ImpamnI oft419 865ets (304.7001 (134,6401 (971,1591 160,701 1297.(X)01 149,3041 208.405 261,239 vomonls In WL¥kiro captsl: Illres$y{leuea5e wi debtCrfS (Daw$ekn¢rea$e in l¥edit$ Inuease in deferred Inwme 136.927) 171.886} 28,888 114.345 21.591 7.217 Cash ab8otbed by opwatlons 1722.762} 11.274.083)