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||||for the Year E|nded 31March|2021|||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||fund|fund|fund|funds|funds|
|||Notes|f||f|f||
|INCOME AND ENDOWMENTS||||||||
|FROM||||||||
|investment
income||2|95,249|||95,249|126,332|
|Other incoroe|||6,025|||6,025|67,681|
|Total|||101,274|||101,274|194,013|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Drug treatments||||||||
||||124,141|||124,141|68,048|
|NET||||||||
|INCOME/(EXPENDITURE)|||(22,867)|||(22,867)|125,965|
|Transfers
between funds||13|29,050|(17,800)|(11,250)|||
|Net movement
in funds|||6,183|(17,800)|(11,250)|(22,867)|125,965|
|RECONCILIATION|OFFUNDS|||||||
|Total funds brought forward|||240,859|17,800|157,500|416,159|290,194|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||247,042||146,250|393,292|416,159|
##
##
|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
|||Notes|fund|fund|fund|fundsI|funds
f|
|FIXEDASSETS||||||||
|Tangible
assets|||||||51,058|
|Investment
properly|||975,463||146,250|1,121,713|1,070,655|
||||975,463||146,250|1,121,713|1,121,713|
|CURRENT ASSETS||||||||
|Debtors||10|||||9,750|
|Cash at bank and in hand|||284,595|||284,595|395,046|
||||284,595|||284,595|404,796|
|CREDITORS||||||||
|Amounts
falling due within|one year|11|(912,016)|||(912,016)|(1,099,350)|
|NET CURRENT ASSETS|||(627,421)|||(627,421)|(694,554)|
|TOTAL ASSETSLESS||||||||
|CURRENT LIABILITIES|||348,042||146,250|494,292|427,159|
|PROVISIONS FOR||||||||
|LIABILITIES||12|(101,000)|||(101,000)|(11,000)|
|NET ASSETS|||247,042||146,250|393,292|416,159|
|FUNDS||13||||||
|Unrestricted
funds||||||247,042|240,859|
|Restricted funds|||||||17,800|
|Endowment
funds||||||146,250|157,500|
|TOTALFUNDS||||||393,292|416,159|
##
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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|
##
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##
##
|TANGIBLE FIXEDASSETS||
|---|---|
||Fixtures|
||and|
||fittings|
|COST||
|At I April 2020|335,822|
|Reclassification|(51,058)|
|At 31March 2021|284,764|
|DEPRECIATION||
|At 1 Apri12020 and 31March 2021|284,764|
|NET BOOK VALUE||
|At 31 March 2021||
|At 31March 2020|51,058|
##
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##
##
##
|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|1.4.20|in funds|funds|31.3.21|
||||||I|||
|Unrestricted|funds|||||||
|General fund|||240,859||(22,867)|29,050|247,042|
|Restricted funds||||||||
|Public Health|England|grant||17,800||(17,800)||
|Endowment|funds|||||||
|Wirral PCT|||157,500|||(11,250)|146,250|
|TOTAL FUNDS|||416,159||(22.867)||393,292|
|Net movement|in funds,|included|in the above are as follows:|||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||f|f|f|
|Unrestricted|funds|||||||
|General fund|||||101,274|(124,141)|(22,867)|
|TOTALFUNDS|||||101,274|(124,141)|(22,867)|
##
##
##
##
||||||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||
|Pre retirement|discount rate|
|---|---|
|Post retirement|discount rate|
|RPI inflation||
|CPI inflation||
|RPI pension increases||
|CPI pension increases||
|Recovery plan|return|
##
##
##
||||Assumed|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%|
|||Potential|
|---|---|---|
|Area ofimpact||Impact|
|UK Long dated interest rate|||
|Inflation||+0.5%p.a.|
|UK Life expectancy||-0.25 years|
|Equity market repricing||-15%|
|Diversified
growth|fund repricing|-7.5%|
##
|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|