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 C*E Dr D Wwiey Tru8t••s Cot M Amk)t OBE MrsSG mrB￿k￿ Mtss M Macco MrAPèry Mr G Slndon Dr S W￿￿•Star Dr D Wthey J Wcosey DrJ Hussgy Dr C Pw*eth {ApWint￿ 12 D￿1b￿r 2024) 12 D￿b&r 2024) Charlty numb•r 52809] Prlndpal addr•ss & School And Admlnlstrallon offl Church Road N(¥th W8vertr8e vorK￿l L15 6TQ Te*￿ne. 0151733 1012 Fax". 0151733 1703 Emall.. kar8n.blbby@r￿lnd.rQ.uk Wgbste: h1￿J}¥o￿.rs1A1rKj.(￿9 Audltor Mitcwl Chart&s￿￿rth (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$￿￿t&S Head of Cenlral ser￿ Mrs K B Consultlng Insuran Br¢k¥rs Griffit￿ &AJmour Flnan¢*l Inv6stmènt advlso Rathb￿8$ in￿)￿￿ti￿j Inv68t8c Weath & InvoslmBnt {UK> THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL CONTENTS Page T￿￿tees. repcffl Stat8m8nt oftrusta8s' 10 Indep￿￿knt 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) W￿nt tsir r8port ?￿d 8Ctc)unts of th8 Royal scho￿ for Ihe Bllnd Charfty. LIV￿1￿ la registered ¢h8rfty Th).. s260￿) ts the y8ar and￿1 31 August 2024. The ￿nar￿la1 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 (knu￿￿1. the Chariti88 Act 2011 arKI 'Accounti and Reporung by Charths". Ststemgnt of Re¢x)mmwthd Prw*ce ap￿1¢ab￿ to L*arities preparing their accounts In ac(x1rdan￿ with the Financial Reporting sta￿Td applKable in the UK aThJ RepU￿1C of Ireland (FRS 102r las amended tor accounting period5 CoMm￿￿4ng 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 LNerpc￿I'. Originaly created in 1791 to support inslructw)n and enWloyn￿nt 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[T￿l Whi￿ retsinwyd it8fouJs on eduL31ion and rare. The Ch￿ty,¥ matn role (￿tinUeS to be to prov*le 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￿￿ R￿ht￿ Futtwosl fiDrn its prOM￿e5 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 res￿nd￿￿ to govemment pollcy. changing legislat￿ the needs of tts wplls servu users th￿t 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 AUthOrft￿S. adapting to the changing needs of ts pupils and servke usèrs. to provld8 a compl8te supp(xt ènvironment. Ak)ngsldè Ihis, a ne￿1 to support our school 18av8r8 Vrts recogniwl 8nd RushtTM Fulwes oStablIs￿d 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 a￿e to devdcy a PTogramrrE of Ilte c￿e from rXws￿Y to aduVtsx￿ a seamless SUF*)Ort programm&. ring ttN8 pericKI of gr(hvth and the Ch￿3 financaal r￿jr(￿ have been apFlied to dwelop better ways of working and delwerkng Improvemenls to ks premi%es in Liverpool. The sucr*gsfiJl development of nursery f￿111￿&￿, Ir￿reased PUF41 nUm￿r$ 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 tr￿t the Trustees ￿ed to ￿SIder the relevance of its eyistsng t￿ik￿l￿g5 to ensu￿ tw remaln fitfor purpose. The Twste8s belleve that whhln the of th& Charf￿$ trK￿u￿dred.Ytr8r hl8tcYy, the or1g1￿1 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 f0ml￿ty 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 prO￿d&4 8du¢allon and of the h￿j￿$t quallty for Mu11p￿ vlsually knp8lred young paopla IMDVI) whllst valulng tham and th& staff, 48 In addition to ￿r visual impairm8nL the rAJrAfs and young ￿l(￿lS may hav8 profound learning dilficulti8S. physirAI and medical needs or challenging bghavbJ. Th8lr n68ds 8re mt by wowdkng each chld or young adult Yhth indivldual ethjcalion 8fKI Lare pl￿S as apwiyiat&, in thderto dèvèlop them a8 Indfvidual8. The Charfty's su￿sS is meBsured by the continued refe￿81 of pu￿.IS and young adults to the Charty by Local Aulhorldes and Socid SeThi￿$. hlgh grade Ofsled I9￿rtS 3nd wjsitive f￿db￿ from famllles. pupiL8. youny adults, LoCalAUt￿>nll￿$, partller organ1sal￿ns. do￿ts and fundralsets. The Trustees have recognlwj thal the gxisung premlw F¥o¥b￿ Ilmlied capaclty fijnctbnalty to n￿et the needs of the chlldren and adults for wtr•Jm It t￿IdeS educatkn ¢*re. The su￿sS of Ix)th the school and Rushton Futt¢rè8 In attradlng new puplls and seNt¢a us8ts that th8 ￿rrant premkes ar8 no longar fft purposg and optkn8 have been ¢>)ns￿er9d lo revthv the cuffent prtsvisNM. TIMS has IWJ to and detgmlnation to r8deveiop Ihe cwrenl buildlng extansivdy and to CC*￿trI￿ a Wbrpw built adult faclity for Rushton FulLTrS. Th8 futurè fimdlwJ framework for the Ch8rflY$ 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 I￿9 Into the future. During this period the Tnjslees trAve a150 revlewed ils fina￿al poSI￿on and condurtod a str8tsg￿ finan¢i81 roviow to (x)n%dgr ￿y5 to 98￿rat0 mow inwmo. dollvor eificioncios and reduc¥ eXP￿XIlIUrP 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 hi￿Y across thg schoc4 sile and resource base. aspea￿ty 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 $8f8ty aryl hIgh-qu￿ty provi$k)n for IF RSB community. Th8T8 18 a substant￿1 maintenanc8 rota continues to be irywementsd by Ihe Certhl Service and 8ite team to ensure we are compliant with Health aThl Safety legi￿atIOn. ffire safety requirements and to be complianl wmh Dlsabilty kn%ss ￿g￿lad(M$. TFÉre has been *nifi(2nt devebpment of the oulslde areas over th¢ past 12 months wlth th8 Upgradè of th& Cross1￿ s￿. Vm1￿8YS and raillngs to allow for Ind4Endenl rnovemenl in the outdoor spac88. There akn c4ntinues to be Sigiuf￿a￿t ￿¥￿st￿9￿t in safety ar0￿￿ the wth changes made lo parking bays visitorfs car park to faLiltats safer manc*uvres by the larger thstajility adapted t￿5 and minibuses. The educational and r&%denlial team5. Continue to develop tht s￿. sc* and forxB of educ*llon 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 ra￿l￿g fr(¥n 8(Kn8 fUr￿h0n￿l vision through to nonè 81 all they all have a(*lrbonBI needs incbjding PMLD. The thjl will be dose to or at capacty for SepteM￿r 2024. Afocus on provKting trans1kn(￿ to aw¥J sw)ort f(Y Post 19 prD*7s1￿ thr￿gh erlhancgment end hwestrnont In the sthol's Post 161Career3 pryrdmme has created strorffJ relalioTrnshFs Trmth both parentslcarers and the %￿der crmnmunlty and enhan￿d Ihe reputatlon of the with Young PeoFde starting at aged 14 frorn other LA'S who do rM)t offer p￿￿Sk)n of thls nature thln I￿tr 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 ar￿d. The ¥uc¢8ss of this ap[Wo￿ h&8 agaln been reflec*ed ￿ t￿￿ oxtwnal ass6ssm&nts mad& by comnNssiorErs. virtuaj Heads, qualrty assurance prixxsses and OFSTED. An lnd8pendenvN￿-rnaI￿taIn9d &hool Hewjs GroL4) I￿ntinUeS to nwet haw ternily to ￿M)Ort and dIseA￿S d8veloprn￿ts acT08S the sedor and Share In ￿)0d pr¥Oce. Ttls rthv Inc4udes 5 schcds. RSB has devd¢)pgd strorvJ work1￿ parIn￿sh￿S YAlh 8 ra)ga of unfvshles induding Li¥erFO)I HOFE, LJMU and Edge Hiu, a Thide range of sludenl pl￿n￿ts 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 h￿9 ono ￿Tent govemor on our SKJV8rning body and are acthety BdvertisirYJ for aTrther. The parent governor 1$ alAe to share her eXperie￿e5 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 F￿ad ol Schwl is also our F￿nIty Uaison Offw aThJ suptyxts in 8ppLylng for lunrllng. support with soci81 wothers and ony other areas pBrents1C￿eS fed they require supwL T1￿ key inlualives wh￿h (x)rnmenLxd in Ihe year arn seen 88 th8 key be￿ffts th8 C*arity 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 Cc￿￿tIr￿a ￿1r firsl 12￿￿th& 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 Id￿onal nurse Is b￿n9 C£￿$1￿r￿. New 8￿Int3￿￿￿ts V•ilhin thg SLT Indude ts ckvdopment oftrE Deputy Head of Care. AJI current appr&￿ti￿5 am now worting trmards Level 3. 2 ha￿ThJ fijlty qualrfied wthin the last 12 months and gaining full time employ71￿nI. . A member of staff has completed a 2.year Habfitatb)n wjrse a￿1 now wcYksfvll4m& as thè Habilitatkin Offlcer kn RSB. . Developm¢nt of the [r￿ouSe Ixwer team to Ind￿￿ 2 co¥erteachers. . Conunuad the d•v8lopment of a B￿k Staff tèam to 9JPWt wth the ¢))Yer requlrem8nts the The development of the potytLmnd area in SCI￿1. ￿3s all(h¥ed for a ￿eld to foth. aM)n)a¢h to leamln9 aNI fhe 6nvironm8nL This has t*en carafulty d8vek)ped by slte ieam to prov*Je an a￿ssib￿ and welkplamed undercover space thiklTrn and y(xJng p80￿9 to eworg thei v•m food tiems no matter what Ihe weath8r. Classes have hamng this 0￿rtUnIty atKI have been able to grow heathy focrflstsjfl to use ￿thIn their focd technolcoy sessions. It has also alICp￿ed 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 cUrri￿￿J￿ pathway, The theiapeullc Inwt has been audlted by ￿ TI￿apY Marbw to ensure that thts meets Iht grovAng pupl populalk)n and ensures a hlgh qualty and IITh￿ty 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 T￿st￿ to increase the prOVi￿on for OT and SLT s￿￿￿lly. Bofh these therepies are now prov¥1￿1 Ihr(wh an SLA wlth Shlne. Maellngs have tMk8n pL4c8 lo ensure hlgh qualty provth for fac&to4ace therapeutic interyenllon and repO￿ng. 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 ind￿lIng 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 t￿rge5 to upskjl 811 staff and gjpport thalr personal and pmfvsslonal developThEnL We have a High￿ Level Te￿1v￿ A¥sl8t*)( who is also now a qUBlfied teacher in the rob of das¥198ther for Soptsnl)er 2024. Sh￿ing tho qualty of suppxt ￿ Fwgre88ion al s¢f¥)ol. Th59 role wll take him through his ECT Progrnft￿&. The addl￿n of Bn inlervenlKJn leaching assislant thT8 yew to wpport the intervenuon teacher, has alk)wed for furthar Uma and Sas￿onS in support'ng Interven￿ teachiro ar¥J learning and ￿1(￿￿n9 puplls to develop new and ad(ItkThl S￿11$. Rgodoig $esslons In the Ilbrary are Th)w pwtof the Intwvenlkn for many ￿ this tlrnetable. We continue to enhan￿ our environrnent thrNgh al *vrks Ihe srte team puts in, howevar 8180 try whBfgver posslble to Indude the pu￿lS in these ideas ar¥J dovekwmènts. Thls Y￿ wa continua to celebTale tre achi6voment of EcgJ-S(knol s￿$. havlng been commended and receNed y distlnctlon whh our ￿ted 'Green Flag,. Our enhanc&l servkes. Includng: the i￿reaSed days for th*rarMsis onslte.. conlinued development of the site and Its resoLJre£s ond the apr￿cheS prornoted by the Staff partners, ￿nI1￿u? to tAace the school at the heart ol the communlty It 8gives has ba8n th8 f￿ndalKIn 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 H￿d of Rushton Fu￿r@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)m￿l CrtsF4n PadlThJ as the Heal of Rushton Futwes, 8nd in AwJust Kale Mills as operatior￿ Managw. The number of yryjng 8dth rem￿n￿l 8t 39 tha year. bjt there were 8ofTWJ depathrès 8nd transitions. Under Ihe new H&ad of Rushton Fu￿reS 8(¥n8 w(¥k h83 tak¢n I￿a¢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 $tr8tegic Shift tOWArds a¢fvance 0¥￿-stair1ThJ to enab￿ smoots and sp*I￿r trangjuons, rathèr than havir staffing a8 a barrigr lo placing young èdults vth) to accws ow Service. At the end of thè yèar thar8 w@re transbtsons Unde￿aY preparing for a largw servi￿ in 2024r25. In June 2024 we uNI￿r￿)k a parenl satL£fadkn survey. There was a 65% to lh8 ￿Ney. ONI the headlino r¥8uIts In(*thl . 88.5% of Feopk scored 8-10 for SatisfadK)n . 88.5% of ￿Ople sujred 8-10 lor Variety of EVIen￿ I sesslor 92% of people 8¢ored 8-10 fr*Approthbllity and FrieTrJlinesS Th& amual for summer 2023 were P)StyN￿ ￿til a rknv t￿￿119n$ Manggèr vms kn post. bul ¢oJMiun%2tlon %￿th famllTès r￿n8[ned strong. As well as the daily d￿j[tal communication, was • 'ln person. event for lamllles in J￿e a￿1 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 D￿￿ery Suwws(Y ImKldle leaderl. With a more strategtrc approach lo staffiry. w8 ar8 raduckng rÈliarK* on bank staff to keep staffing l￿dgets more conslstent. Internal slaff trolnlng has reMa￿ellStrOng. and our reliance on th8 'tr8in the trainerf M￿e1 enables hlgh starKlard8 to be maintsined. It a requirement that all front4n8 siaff Str￿k1 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 al￿1Cal0n$. As well as helping our staff achieve th￿r polentid. d￿rg the Y￿ th8ra was B sustslned approach ¢0 staff wollbeing, with weekty W￿l￿ng sessions and other oFy*tsJniJ08 so￿¢8r￿. Sludwl ￿$t￿rnents ha ¢ontIrJ￿1 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 ben8f*cial to toth s8￿Ces. 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 dIffe￿nt 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 n￿de[ will Th)1 mean that w& can rdoc*ts the ￿$l￿g st￿lee wilhin a new ￿lId1r￿￿ vhth(xrt tho way that Rushton Fu￿reS OP8rstas. Bulldlng the new Rushton CÈntrè rem8kns the primary fc￿￿ f￿1h8 ojmlng year. The ￿anS were submStted to the local authority in Awil 2024 and at the of the 2023124 year Ihere was r*)sltSve pwress wlth 8ppli¢ath)n. It is hoped that lh8 new bLlllding wll be OFMaknn￿ by Sept￿￿1￿ 21)26. Plans 819 also uMleThray to c¥eale n￿re 8pace for Ru8hlon Futures for September 2025 by utillzkng *lditkJnal spac* In the old build￿g. Ilc Bè Tnjstees have duo regard to the Charity Cunmw*Jn's 9ubJAnc8 on public in d￿￿lIng vth818¢#lMti08 the Charity should undertake. Posltive iThJlcators are f￿¥￿1 In irKfvKlual putyl a¢￿vement and the finanrAal Support required to fvnd ttr￿ actNrtles. Thls benefil 6$ not I￿¢ to pupi18 WI￿ attend the sthLY)L or the young adults for ￿0M the Charfty provldtss caro, Pyjt to the fa￿ly& friend4 [￿rt￿r5. Lct41 Auth￿iti￿ and th& hIg￿r adU￿tiOn provSdw8 with wh￿h f( cTroperates. C￿rty, 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 bu31r￿SS ￿annIng and by carefulty p4knIng Ihose developments. This ¥tratO9y Is proving SU￿SsIu1 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 reS￿rce￿ are ￿annIng to ensure 11 not only confknuos io meet the requireThnts of rts key objects also ￿ldS further valu& to th8 Con￿Un￿ that It serves by the devthpment of a purpose ￿jIt facAIty wh￿h wil enable add&tional setWi¢6S to b& Offe￿1. 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 e￿jre suffiaent fvnds are avali*le to irnplemenl f(5 strategy 8uccessfvlty and ￿p￿)rt its operaltonal activities &% t￿Y continue to grow ond devebp. Th8 Trustees are satisfied that thls oblect￿6 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￿ IN￿rtun￿l9$ to a￿￿re I 1X￿lIt}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 O￿TatIng 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 InVestn￿nI 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 Se￿1￿ 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 tc*al expendmwg was £6,177k {2021- £6,057kl. The n81 expenditure for the year. before gains a￿1 b)sses ￿ 1nveskn￿t valuas was £499k12023: £1,381kl s¥h￿h meant that after the r￿t 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 ch￿ty) to balance its total fund5 and can be surrrnised as folkw5'.- Th8 Charivs assets. whith ma#ily C￿￿L￿t of ts rMwnls88 8rKI Investrwnt porwolo I￿rea￿l 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￿$0 (￿rront assets are by c¥&knrs {an￿ntS due to sUppl￿r$ 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[￿n￿lture 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 $lè redgvd(¥fftnt for which 18 a gro￿71￿ requirernenL Th6 raserves pdlcy is r8viaw8d 8nnu81ty bLrt ￿Tr8ftty r8fi8ets thé rwllurrAèrm I￿e1 of ￿CertaInty around ils key In￿rne streams and thè d&p8nden¢e kxal auth￿1￿ 5F￿r￿j dec15b￿. Trustees have despJnated funds of £6.OOOk 12023: £6.IKM)kl as In rrfjte 24. Thè am¢￿nI alloratèd to designated fijnds tx)n11nugs lo b& Ihe Sgtimat￿l cost of (wstnJdirwJ and fflting wt 8 purpose-bull building for aduh servlces as Rushlon Futures has (￿groWn e￿sting tdolibes. This desigrral￿ fund is re)riewed annual by Truste85 but CUTrentty refleds the latest estinwte crf told ￿lsts to britwJ this buildiNJ Snto operation, 88 identthed in the plaming prcws. THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Investmont Pollcy Charity's investmonl poky is or* d ovgTr1 kNylemi grvwlh ￿￿th wwKx*rate risk and vithout dlsllncd bglwoon in(¥m& and Cap￿al in sutwrt of tho m￿n obecknve as detaI￿d. This Is achlovgd by Inves￿￿9 pru(l￿dY in a bro•1 raw of ￿￿tr¢S and fixod Inlwest se¢urilSes quoted on recognlsed Inv&stmeth ex¢haThJes logelher wtth unlt trusts and wjwndod Investhienl (x)mpanles authorfsed underthe FinarKial S￿1￿5 ￿ Markets 2tKLI. Discretionary management of the investmpnt portfolio withln defined wldellnes has been given to Investec, an atAhor4sed person wllhln the meaning of the Flnanthl and Markets AGI 20(M). The Inveslment man8g8r provldes quartarty performance reports to, aThJ meets the C¢fflmitte8 Members, at18aBt Por 58ar 81 which rneeting the investment poliGy i% r￿asSessed. In ￿OnI wrs th6 Charity h8s udlisèd thè rattjms gènÈratèd by thè p)rtfollo kn suprth thè davdDpm&nt of 8thwl and adult soclal ¢xra resources and 80 ensurg the c￿rrent negjs of its PUF415 aNI 8eNice u8W8 ara mel while ensuring its fiJwHJirffJ 80curity is ma1￿1[)￿d. The Trustees. together ￿th Ihelr athw$. Inve*¢. Teviewed Its Imiestrrnnt wthllo and rfsk appefjle. partl(xJlarfy In Ilght of the faV￿rOble I)vestsn￿ ￿￿dIllons. tho n￿1 ft* Charlty to c￿onue 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 I￿U￿1 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 reV￿W￿l an aSs￿Ment ofthe rfsks to ihe Charity is exposed. parb(￿larlY buslness. operational and financial risks, aThJ have introduc*d procgjures and reporting regimes to manage and r8duc8 th6 Id￿tthed dsks. A risk register Ls in pla￿ and regularfy. Commht8è Membèrg and GO¥8m￿ havo agreed dear Ik*s ofddagation 8laff ar8 invdved in wwnMK)n of rfsk In all thdr Post ￿Or end 8￿nts F(AlowSng a slralogl¢ fflnandal reviaw, in UwAubJmn tsmi ￿ 2024 Trt&8tees frxmalty anMIn￿ that the Charity W<￿1¢ be dosing its R@S￿entIal F￿0V￿￿3n due lo fina￿￿al wnstraints. The provisi￿ will contiiue to run for the lull a￿emIC year until the end of term on 24th Juty 2025. It vms aLso Con)Irr￿d 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 S8ptsm￿r 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 StrI￿lure? gov•rnan¢• manap*notht Thè Royal ScFM)ol for thè B51nd, Llvwpod Is èn Irwpornted th￿lty m8naggd by a (xJmm1tt88 01 Truslg05 (cuffenlly kr￿ as a ComrT¥tt8B of M8n8g8llth) wtho Man￿ Ihe Charity under powers ￿ntaIn￿l 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 (RoSkn￿d 12 D￿￿knr 20241 (R8slgJ*d 14 M8rch 20241 {Appoint&J 12 December 2D24} {A¥point&J 12 December 2￿￿4} 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 p￿e ea(* year. A pubk an1￿￿￿ement 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 S￿lS to try to attr￿t Mam￿rS Valth thè rdav8nt exp8th8 and s￿11$ to tho Commltt&8. To Ihls end, In racent y88r8 adver￿8￿m￿nts have been pLqced in professional journa15 aThJ by use of the servKw of Reach lo wistergd charity with th8 obj￿*¥8 c< identify￿g iTrJivithAs willing lo do vcluntary 5￿). The Chalr and offi￿r8 are app¥Jinled by Ihe Memb8rs from amng th8ir nuNthr. Thg commit￿ ￿)nven8S SLX tknès 8￿h ￿ar and. in the pasL has herd a(kJitKJn81 str¥twi¢ pLgnniThJ d9y8. Prospe(Jlve Membets are irmled to an iiduction tr￿r 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 famil*r with poliues ￿ wIx￿lur0$. On apwiwthpnt 8nd acc(¥(ling to their 8kills and aputude thay take reswwi¥ltty for 81 le8st one admty and *pontmenl to relevant WOr￿ng parties are sel up as ne8ded. Tralning needs a￿ assessed and met thr(¥Jgh relevant trainhig courses offered by the Lrxol AulFN)riiy, thè Chadty Commissbon rim￿ in the finarKe S￿tor. The govemanca of th8 Ch8rlty Is by the M8mb8rs ir) ac(x)rdarvx wlh ￿ Instrument and Artlcks of Governmant,. madè by the Cthimittee of Manage￿t aFvov&J ty the Charfty Conm)issloners In 2001. In keeping wth many Charities, the ￿vernance IramvK￿k kept Lmder to mire compllance th the obj'ects of the Charity and to ensure they reftért d)anoing needs of Ihe benefic48T￿8 il is directed to support. The School Is managed by thg Head of Schod aTKI the Goveming BcKly under delega￿ powers sat out In the ArW¢les of Govemment. The Ir￿trUment requires eighl fwrKlation govomors to b8 8PtKJlnted by the conM￿e al l&ast five of¥rt￿rn are nom￿lY members crfthe Cknimllt* ol MBn&3￿Wl Rushton Futtjres Is managed by tho Hoad of Ser*7￿ arNJ the Rushton Board under delegal&J pow6rs granlad by the Commltt&8 of Managen*nt r8qutrwu al 18ast five Meth[5 lo be appointed. orp nomi&ly mombors of thè Commmeg of ManwJemenl. The Governing Body and th8 R￿htr￿ Boord rerxyt thelr &bvi1￿ to the Commitlee of Management. vla Ihg Chalr of th8 reycrfve prov1$N￿, on the Perform￿ wwnst D8vdopment Plan$ (approved by the Comrnmtee Men*Jgrn1. 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 G￿mity B￿lY and Board of Manag8M￿l and is 81s0 r98pon8lble for the rnanagement of cawal ￿¥95t￿en[ treasury management and finanThal ￿&￿￿1￿￿. Risk Is M￿lOred and rronaged by the Ccrnmltee of manwft￿ by ref￿lar assessment of the risks to whlch the Charily 1$ gxposgd. p8rtiwlarfy bu*ness. operalxx)al and firwi(aal risks arKI ngw rfsks Id&nUfiod. It has pwc*duros roporting iegimes to manage and reduce KJenti￿ risks through thg M￿ntenanCe of a rfsk regist6T. Committee Members, GoverrK)rs and Board have agreed ¢Agar lines of de￿ation 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 R￿hton Futures to en8ur& thèsè vU1r￿rab19 groups are pyot￿ted OFwale in a safe envirDnmenl. The Committe8 of Managemanl is aware of the potential risks arf%ro from h3viTrJ c*lldren and adults shari￿ a comrntsn trtjllding and has ensured eff8CtN8 s8￿goI10n of thèsa ¥uln8raN8 gr(MJps. MaM￿rS of th8 Committ88 of Managarn8nt. staff. VFSitors atKI p8r8nts mad8 awarè of tha nè8d to ￿n￿r9 vuln8rab￿ ￿0up$ protsclad. Thk8 is par1icu1a￿Y 1[np￿anI in respect of the WdentI￿ f￿lIti88 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 respw￿LAe for th8 aFwNth8nt of senior l&adets inEILNJ4)g the Head ol SL*oot, Head of Rushton Futures. Head rf Care and the Head of Centrdl ServiLX. Head of Central Servkes Is r@s[￿l￿1e for￿ day4tsday admknkstradon ofthe charity and its two main 0￿rat1(￿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&spo￿bilIty for ￿arning and developing the seNices and slrat8gles for the Sckrf)ol willin c￿r p)licies prOtoW￿ sel by the TnJsteÈs. The Head of School ensures that staff are recruitèd and SUpp￿ted lo provld& the $kl& ￿ OXPaF1isè nwjad tr) o su¢¢&sslul s¢hoDI and thal valu95 ar9 uphgld. Dufflg the year. the sctrKKI has re¢JuitwJ a number ofstaff to support Ihe g￿ing numbB of pupils but also to assist 8tsff in thew deYebF￿tof gklLs to th wtth visudly irnpaired chfldren bvilh complex mlng need& Th8 Rushton FU￿r•S Head of Seryk* WKI the Rushton Board ha￿ resFxy)slbilty tr planning arKI developing thé sarvices and 81ml8g￿$ for RuShtl￿ Futwes Trmthin Llear FK)li￿S set by the Committee of Management. Thè Rushton Futures ansures that sl3ff are ￿￿￿ted and suF￿￿ted 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 Ge￿ra[ Dl8¢108uro of Inlomiatlon to audllor Eath of thè trusteès has con11m￿l 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 r98pC￿￿tsl9 for Ixepari￿ th& Trustees. Rwrt and th6 fina￿#81 stal8ments in acwdance wlth applicable law arKf Unlled IfjTvJJc¥n Acc¢MlirvJ Standwds {United lfjrwfft Ger￿allY 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(X￿nIng 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 a￿1 pnmj . state whelhBr appIl￿ble acojuntlng staTrJards have been fOEc￿l. subjec* lo maierlal depthres dsdosed and exF4alned In the fflnanclal statgm¢nK' aNI - pr$P8￿ th& ffinanL?al statements on Ihe corKem basis untess it is lwpr0p￿te to preyJrrE that the charty wlll continue in epara￿on. The tnJst8as Br8 responsibl8 k98[￿￿ suffid8nt a¢￿)￿lJI0 records that dlsdose wth reasonable ￿racY al any tim& thè fina￿181 positi￿ of thé (￿rity and &n¥b￿ them to erksure that the ffinancial slal8Thnts 0)m￿Y wlh the Charities Acl 2011. the Charity (Accounts RephNts} RegUlatiOr￿ 2008 and the PTOViSkThS of the trust deed. They are akso responthle for safeguarding Ihe assets of the charfty he￿ for tsklrg reasona￿ st&ps for tho prevention and detedon offraud arKJ thr Irwulorits&s. 10- THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL INDEPENDEKf AUDITOR'S REPORT TO THE TRUSTEES OF THE ROYAL SCHOOL FOR THE BUND CHARITY. LIVERPOOL Oplnlon We hev8 authted th8 flnanct8l8t8tem￿ts of Th8 Royal SdDJl fly the Blind Charity, LNer[￿l {the 'chariW} for the year ￿ded 31 August 2024 whith (x)mprise the slatement offnarrial activrties, the bajance sheet, the Statsm8nl of (zsh flow8 and the notes to the ffinancial statements. Ind￿lIng a sjJmm￿ of S￿nIficant aecounlng pollcl&s. Tha final￿1￿ reporting fram8w0￿ that has ba8n aWl8d In thèir pr6p8ratkn ts aFWicable Lqw and Unit&Y Trqngdom AccoLmlrKJ Standards. Indtmling FlnatK#* ReFY)rtiThJ Sta1th￿ 102 Thg Ffflancial Report¢ng &andard applicable in Iha UK and of Ir8landlUniled Kingthm Generaltyknptedpmyjnting PTaclica}. In our o￿nkn. the finandal slal8n￿nts. give a true and fair Vlew of stat8 of thè affars 8$ al 31 2024 and of its knLxJming resuur and appllcalion of reswrces. lor Ih8 year then &nd8d; hav8 been wopety prepared In a￿￿￿Ortr United KkvJ￿n 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 l￿ditir￿ ￿K) OSAS IUKII and aP￿kab]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 fU￿illed olhar ethl(sl r&swbllbèg In 8ceord*L* With these reqlllren￿nts. We believe that tho audlt evidence we have L*)I￿ned15 suffic￿1 and appropriate lo wovhle a basis for our opinion. Conduslons rolatlng to golry In aud￿ng 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 kkntrf*d any materfal ￿certaIntleS relaung tr) events or cond￿0￿$ that. indivwjjolly or coll8d￿ty. may ￿8t Sh3nffl(xnt (knbt on the c*8rity'$ ability to continu8 as a ￿Ing concem for o period of at least ￿[vO months from the finantiat 5tateThnts are aulhorised for issue. (￿r respon￿blIMeS and the reS￿￿￿tI[￿S of the trustees with resF*ca kn ￿r￿j conc8m ar8 d￿rkn8d In thè re16vant S￿*1￿8 of this repc other Inf0m)a￿On The trustees are responsibk for th8 0th8r Infottmafkn. Th8 0th8r wrfomiatpJn comprises Nrformation induded in the annual rgprf other than the statements and c*Jr aLKI[t(￿S TeF¥Nt theT￿n. Our oplnlon on the finandal statsm¥nts d(*8 not ￿ver the other infc(rnat￿￿ and we thj r￿t express fomi of assuranc8 conduslon th&r80n. In connection with our awlit of tho fin8nci8181atom&rrt8, (Ktr reSp￿ibIl￿ Is to read the ofher infomiation and, in ddng $0. ¢onskler whether tho other inf(¥M*1￿ is maleriaRy inconsistent with Ihe ffinaThial statements or our krbMle(*e Obta￿ed in the wjdrt LY otherwse appears to be mateiially mi&$tat￿l. If wè idènty such matèrfal inwngistencaes or apwent maierial misstaten*nts. 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 w￿k wa have parfonned, we ￿ndUde that Ihere is a material misslateftRnt of Ihis other informat￿n. 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 kn￿edge and und¢rstsnding of fv charfty aNI Its envir(￿ment obtakned In thg wurse of the audit, W8 have r#)1 identrfiGd materw m*statenwts 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 Inforrnaf*Jn given In the )Inandal stat￿9nts 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 Vi￿t￿l by us: the finanaal statenEnts a￿ not Sn agreemnt wlth tho &%xwnllrKJ ￿)1￿. or we have nut re￿ved all th8 infomwlon ex￿atk)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 aCr￿j￿ts that are fre8 from material mbsstatemenL wh8th8r du& to fra￿j 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 operdf*Jns, or have rKs realistic aknmatfve but to do so. A￿lIt0￿9 respon8lblllllos for th• au(4t of th¥lln*nGlal statom We have been app￿nted as audltor soclk>n 144 of Ch8rilles Act 2011 and report in wrth th8 Act and relevant ragulatK>ns mada or h8￿ng &ff8ct Our objectives we to obtsin reasonable asSu￿ce obwl wheth&r Ihe financLql stslemgnts as a VA)0￿ arg fr90 from malerfal mlsstatemen( whethar due lo fraud (* arff￿, and to i8suÈ an audi￿8 rsptsrt that include5 our Op￿10n. 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 ex￿ts. 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 deds￿S of users tsken ¢)n tr* i)8sis of th980finandal statwn&ts. Irregularltlès, In¢luding fraud, are instsnces of noT￿￿PIrd￿e 7Mth and regulatw)ns. Wa design procedu￿$ in Ilno wllh our responsibililie5, oulined above. to detect nwtsrid mbslaten*nts in reSp￿t of iffggularibgs, includi fraud. The extenlto whlch our Pro￿lU￿$ are (spable of deleding 1rrryularil￿S. induding fraud. is detai18d below. Th¢ ￿nt 10 7Athl¢h the audlt was considered capth of detectlng Irr￿darIt[Bs, Includlng fraud Our approach to lder)tr￿ng and assessing th& rfsks crf matèrial misst8t8ment in rèskwt of 1rrew1arft￿s. 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 recog￿9¢ wrth appllcablg18w8 and r8gulations,' ' W8 identified the laws and regutalons appW¢ to th& tharity IhrrvJh dis(W8￿3 wilh trustees and other rnanagament., w8 focu88d on specrfi¢ laws aThJ re￿layb)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 prO￿tIon, anuthdbery, employThnt aThJ hgalth and saf8ty legislatK)Th" • ￿ a&se&8ad the axt8nl of Com￿l•n(* th tha laws and regUlat￿S Njenlffied abjve through maklng 8nquiri&s of manaJemenl and inspeclrwJ legal ￿TreSp(m￿ce. aTr * identrfied laws re￿l0110nS ¥￿dIn the tegm rwJuLgrly and the team remained ert to instances of norF￿mpLI8ftCe througfKxrt the au)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 ￿r￿rts. THE ROYAL SCHOOL FOR THE BLIND CHARITY. LIVERPOOL NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACcoW￿ng pollcl•8 {con￿n￿Od) 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 stst8n￿rf of FInal￿91A￿VIti￿S 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￿￿ qUalif￿d actuaries. are charged to the Statem8nl of Flnandal Acti￿￿eS so a8 to spre￿1 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&. uabl1ll￿s are recoJnlEed Onl￿ there is a ￿nSIn￿t￿e 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 ￿ In￿m8 gr galns tsbfing Tr￿1h￿ t￿ exemptiorts. Recovery is made ol tax deductsd from I1K￿le aNI from re¢elpts und¥ GIftAJd. During the flnancial year, the tharity is abb to r¢￿VÈr ValuÈ Add*1 Tax arKI 8XP8fKlknr& Is r&corded in th6 accounts indusive of VAT. Post year-end the charity reg*1￿1 for Wuo ￿￿k￿l a8 a rosult of dwiges of lagI￿ation for Schcds n th8 United Kngdom. Crlttcal accounlkng e8tlrnates and ludgements In the appliLztion of the (*arfty's a￿urttiffj 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 f￿r8 th8t ar8 (xjnsrdgrd lo bo r8l&v8nL ArtuAI r&s￿ts m8y (llfferlrrxm these &%timales. The estirnales and undertying ass￿[￿0￿8 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 p￿IodS *t£re the re￿S￿n 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 s￿lab￿ qua￿fi&l speualist. This report values all property and land held by the ¢h8rfty at marketvalu8 k￿1 thk81s Th)t rxxslA8. ￿Sing th8 d8pr8cialad r8[1￿￿ent cost method. DoprKlaUon The annual depreixation charge for tangli*) ￿x811 assets is to d)angtss In esllmatad usefvl economlc I￿eS and resldual vaues ol the assets. Tr usefvl e￿n0m￿ live5 and reSidL￿1 valu8¥ are 88$&$sèd on Inltl81 acqulslbon arKI ￿aSSeSsed Fkrfodr21ty to ensure tw remain aptxopriate. They are amended when ne(*ssary to reflect cuffpnt e8tlmatss bas￿ w tethnoky(*l knBncenwnt. fuiur8 inv8stm8nt& er￿namIC utilisation and the physi(zl condi11￿ of the asse1& The usthl I￿$ for eath class of a￿t 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￿ re￿1Ve￿ and that the wshes of the bw58factors are rrEI. AC￿rdkngty 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 iF1x￿e was rec£14￿ kn thg year. Charftabl• aclfvltlos fund¥ g*ral 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 In￿m0 from knvqs￿y￿￿ts UnrgstKi¢tsd Unrostrfcted funds funds 2024 2023 Incorne fr(￿ listed IrNethents Interest r￿01¥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 IMp￿rMan1 Rates. Uti1￿&S and insuraTh Mainl￿an¢S costs Cl&aning u)ntract Clas8 and oth8r w￿8￿m8￿￿e$ Therapy ¢osts Calerlng r￿sts 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$- r8vaJuaUon 6.082,132 44.322 6.126.454 For the year onded 31 August 21)23 Unrg8lrided general Unre3tri¢aed lunds- revaluation 5,972,959 33,922 6,CM)6,881 Tho above exwdlture on c*alllabk actsvit*s ￿7￿led £44,322 {20Yd'. £33,922) In resp8¢1 of the unrestrlcted revaluaucn ￿SerVe refgrr6xl to in Th)ts 22. -24- THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs ollo¢al￿ to aclivlll•s Total 2024 Total 2023 Pmfasdonal f88$ Bank chBr998 Governa 9.551 252 26.9)3 2.808 327 20.150 23,285 2024 2023 Governance costs compr158: A￿￿1t fè8s •lcwJntancy 10.222 16.681 8.98B 11.162 26,9)3 20,150 fo Trusts¢$ None of the trusla8s lor Any p8ryons cor￿eded them) receIV￿ any rernunerallcffl durfng the year12023.' e); I￿e ofthe tNstees was r8lmbwse4J traI￿1￿j or olher Gxwsos durkw the w (2023: nonè). 11 Audltorf$ r•munoratlon The analyTi8 Dra￿l￿o￿S remunerath)n 15 as fvkn.. Fw payablg to tho charftrf• audttor. 2023 Audtt ofthe d￿rI￿S 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 ofwnl￿eeS 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 pa￿nents ft>r supp4y *aff of £128,25612023: £1762731. The number of employees ronwn0ralw￿ was £60,000 or ￿re.. 2024 Numb•r 2023 Number £60.1￿1 to £70,0(K) £70,CQ1 to £80,OC Of tho èmployee8 whose ￿oI￿rr￿ts exceethl £￿.000. 1 (2023: 11 hwJ r￿re￿I L￿efits a¢xnJing under ￿e￿ned benefft sch8m&s. 13 Rotirefflent benefft sch•m05 24 2023 Dgfinod oonlrfbutlon s¢h•mo8 ChaTge to wofft or h￿S 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 p￿t￿1pAteS In 8 munt empbyer penSh￿ scheme. The GDvemmetil's Teachgrs. Pens￿￿ Defined Benefits ScheTh, for its t￿hIng staff. The pension liablllty Is th& ra8wnslbllty of the Teachers, PensIL￿5 Scheme. As a result it is noi F￿SB1b￿ to wjentify the 888018 and fiamibes of th8 scheme whlch are attrfbutsbl¢ to the school. The u)ntrfbU￿ns ￿ 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% Ir￿1r￿￿ 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 ￿t￿lMI￿onS 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 tr￿AuSe ejl Its In(￿ 15 applied for charitable purF0S￿. 15 Nel gaIn￿{lOs5$S) Inv•slments Unrestrlctod Unr8stricted funds funds gènèral 2024 2023 Revaluat￿n 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 aC￿Ml￿ated depre￿￿￿0￿ aThl accumulat￿ Impalmient kis8es, their ￿￿ing ar￿Unt have been approxlmalety £1.918.450 12023.. £2,085.0231. The Committee of Management waiu8d tho Pfwty fr￿n wh￿h 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 m￿li0n. The Cf)mmittse of Man￿eMent 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 Valu￿On At 1 soptgmL￿r 2023 AddIt￿S Va￿allOn 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 {co￿TiNuED) 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 1￿me 111,951 83,063 D#feThed IrKxJme Is indudgj in ￿ finarK4818tstwYwts as foN(r￿. 2024 2023 Current Ha￿1114e$ 111.951 83.063 2024 2023 Total deferred iTh>Jrn8 al 1 Septemiw 2023 AmC￿nts in year Amcwnts ¢r8dlled Its Statement of Athlbes 83,063 111.951 183,063) 75,846 83,063 (t5,846) Tot21 iJ8fert8d I￿rne al 31 AU￿￿t 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 unTesfrfc￿I fund5 whlch 8r8 made up a8 fdk)ws: At 1 Exp￿dItuTe 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 Expe￿IltU￿ 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 addli￿al deFwe¢kqtk)n charw r8qukwJ folk)wlng the professional r8valu8lknn of the charitys fr8e￿d In Jarn￿ry 2024. 23 Analyslg of n•t assots batw••n lund$ Unrostri¢W Revaluallon Total Unrestrictgj Revaluatlon ger￿al funds r8$ÈNo Tot81 funds 2024 2024 2024 2023 2023 2023 Fund balances at 31 August 2024 are r8yesgn Tanglble ￿ats Investments CurreTrt assetslulabliues) 4,431,685 1.985.1¥2 6.416.8TI 4,488.879 2,029.514 6.518.393 10,539,(YJO 10.539.0￿ 9,895,558 9,895,558 774.585 T74,585 709.640 709.640 15.745.360 1.9&5,192 17.7X).552 15,094.077 2.029,514 17.123.591 -31- THE ROYAL SCHOOL FOR THE BLIND CHARITY, LIVERPOOL NOTES TO THE FINANCIAL sTATEME1￿s {coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 D•slgnatsd fundJ The unrestrfcted fvNls of the tharity ￿rise tre uneypended balan￿S of donatkjns and grants %thich are not subject lo SPecrf￿ coThthtic￿s by donors arKI grantors as to how th9y may bg u8gd. Ttrwe Includg designated fvnd8 vthtch havo teen set askle ￿t of unT￿tri&￿ futyjs bythe IMSte￿ for 8P8cifK purpD8es. 110v￿￿nI In funds Movgm•nt In fund8 InGomo BalHnGo at 31 August 2124 Rushton Centre 6.IXK).000 6,LhY),L 6,000,000 6.(KJO.000 6.OCQ.( 6.000.000 The a￿￿jnI alk¢aled lo de&gnat8d funds was th8 8gUtThts of tho ￿l￿t of ￿n$t￿￿1￿j ffitti￿ out purp08e4)uill bullding for adult as thg tsrity h8$ (Mrtur￿l th& faLalitie8. 25 0p9ratlngl0￿ ¢ommllments Al tha re￿rtIng ènd dal8 the d￿rity 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 remU￿r¥t1tsn of key ￿￿rnent persiTh¢l Is as fokn•E. 2023 Aggregate comp8nsa1ion 232.fA8 259,401 Th8rn W8rÈ no other related party tranSac￿n5 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 I￿nISed in statement crf Gain on dIs[￿al of Snvestments Fglr v￿u0 I0￿(￿81n) on Investrnents D&preLxatkJn and Impam￿nI oft4￿￿19 865ets (304.7001 (134,6401 (971,1591 160,701 1297.(X)01 149,3041 208.405 261,239 vomonls In WL¥kiro captsl: Ill￿re*s$y{leuea5e wi debtCrfS (Daw$e￿kn¢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)