2021-03-31-accounts - Arch Initiatives

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Support costs, include	d	in the above, are as follows:
			31.3.21	31.3.20
			Drug	Total
			treatments	activities
Hire ofplant and machinery			4,222	4,739
Office expenses			410	19,522
Legal &professional	fees		9,690	25,260
Audit &accountancy	fees		2,300	2,200
Bank charges			152	207
Depreciation oftangible		and heritage assets		12,764
Pension deficit			99,560
Auditors' remuneration			2,500	2,500
			118.834	67,192
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated affer charging/(crediting):
			3!.3.21	31.3.20
				f
Auditors' remuneration			2,500	2,500
Depreciation -owned	assets			12,764
Hire ofplant and machinery			4,222	4,739

INVESTMENT PROPERTY
FAIRVALUE
At I April 2020		1,070,655
Reclassification		51,058
At 31March 2021		1,121,713
NET BOOKVALUE
At 31March 2021		1,121,713
At 31March 2020		1,070,655
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.21	31.3.20
Trade debtors		9,750
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.21	31.3.20
	I	f
Trade creditors	1,023	1,235
Amounts owed to group undertakings	906277	1.058.629
Accruals and deferred income	4,716	39,486
	912,016	1,099,350

					Net	Transfers
					movement	between	At
				At 1.4.19	in funds	funds	31.3.20
					f.	f	f
Unrestricted	funds
General fund				44,547	138,729	57,583	240,859
Restricted funds
Public Health	England	grant		76,897	(12,764)	(46,333)	17,800
Endowmest	funds
Wirral PCT				168,750		(11,250)	157,500
TOTAL FUNDS				290,194	125,965		416,159
Comparative	net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources f	expended f.	in funds
Unrestricted	funds
General fund					194,013	(55,284)	138,729
Restricted funds
Public Health	England	grant				(12,764)	(12,764)
TOTAL FUNDS					194,013	(68,048)	125,965
Unrestricted	funds
The unrestricted funds		comprise those funds which the trustees are free to use in accordance				with the charitable	objectives.

Member						Description	Description	5April 2020	5April 2017
		Total	defened		pensions	revalued to valuation	date - (I )
Deferred members							p.a.	6,808	6,256
Deferred members					Average age weighted		by pension	44	41
Pensioners						Total pensions payable (fp.a. )		2,103	1,893
Pensioners					Average age weighted		by pension	68	65
The breakdown ofthe hsbility		for 2020		is detailed below:
Description								2020 Valuation	2017Valuation
								5'000s	f'000s
Assets								234	227
Liabilities —Pensioners								(54)	(54)
Liabilities - Deferred members								(281)	(184)
Overall position								101	11
Funding level								70%	95%
Change in assets									f'000s
Value ofassets at previous	valuation		date						227
Assumed return on assets									28
Contributions received (net	of	expenses)
Benefits paid									(6)
Difference between actual	and	assumed		return	on assets				(15)
Value ofassets st current	valuation		date						234

The assets are split f230k Mobius Life - FPP Default fund (98%)and f4k	The assets are split f230k Mobius Life - FPP Default fund (98%)and f4k	The assets are split f230k Mobius Life - FPP Default fund (98%)and f4k	net current assets (2%).
Overall the breakdown of the assets is 22% UK Equity, 22% Overseas			Equity, 33% Government	bonds, 2% cash and	22%
Diversified growth.
Change in Technical provisions				5'000s
Value ofpast service liabilities at previous valuation	date			238
Interest on the liabilities					31
Benefits paid					(6)
Actual inflation increases being lower than assumed					(3)
Impact ofchanges in financial conditions since previous		valuation			51
Impact ofproposed changes to statement offunding	principles				24
Value ofpast service liabilities at current valuation	date			335

			rate at last	Average rate	during
			valuation	inter valuation	period
			(per annum)	(per	annum)
Investment	returns - assumed	for the purpose ofthe 2017recovery
plan			4.70%		1.93%
Revaluation	up to retirement
in line with	RPI		3.50%		3.20%
in line with	CPI		2 75%		2 37%
Pension increases in payment
in line with	RPI		3.50%		2.90%
in line with	CPI		2.75%		2.02%

Fund Account			g
Employer Contributions	-Additional		21,190
Employer Contributions	-Deficit funding		3,000
Employee Contributions
Transfers In
Other Income
Benefits paid -Pensions			(2,073)
Payment to and on account ofieavers
Administration expenses	- audit fees		(252)
Administration expenses	- PPF Levy		(1,436)
Administration expenses	—Trustee management	fees	(19,776)
Net Additions from dealings with members			653
Investment Income - interest on cash deposits			5
Change in market Investmeats			(3,891)

Net returns on Investment	Net returns on Investment				(3,886)
Net decrease in the fund		during year			(3,222)
Statement ofNet	Assets	available for Benefits
Pooled Investment	Vehicles				229,631
AVC Investment
Total Net Investment					229,631
Current Assets
Contributions due	&om employer		in respect ofdeficit funding		250
Contributions due	from employer		in respect ofadditional	funding	1,630
DIS contributions	-cash	balances			7,321
Current Liabilities
Accrued Administration		expenses			(5,196)
Tax payable					(14)
Net assets ofthe	plan at end of		year		233,622

		31.3.21	31.3.20
INCOME AND ENDOWMENTS
Investment income
Rents received		95,249	126,332
Other income
Other income		6,025	67,681
Total incoming resources		101,274	194,013
EXPENDITURE
Charitable activities
Premises costs		5,307	201
Travel tk subsistence			655
		5,307	856
Support costs
Management
Hire ofplant and machinery		4,222	4,739
Ofgce expenses		410	19,522
Legal &professional	fees	9,690	25,260
Audit dt accountancy	fees	2,300	2,200
Bank charges		152	207
Depreciation oftangible and heritage assets			12,764
		16,774	64,692
Finance
Pension dehcit		99,560
Governance costs
Auditors' remuneration		2,500	2,500
Total resources expended		124,141	68,048
Net (expenditure)/income		(22,867)	125,965