2022-03-31-accounts - Arch Initiatives

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							31.3.22	31.3.21
				Unrestricted	'Restricted	Endowment	Total	Total
			Notes	fund I	fund E	fund I	fundsI	funds E
INCOME AND ENDOWMENTS
FROM
Investment income			2	59,001			59,001	95,249
Other income								6,025
Total				59,001			59,001	101,274
EXPENDITURE	ON
Charitable acdvltles
Drug treatments
				135,602			135,602	124,141
NKT
INCOME/(EXPENDITURE)				(76,601)			(76,601)	(22,867)
Traasfers between	funds		14	11,250		(11,250)
Net movement in funds				(65,351)		(11,250)	(76,601)	(22,867)
RECONCILIATION		OF FUNDS
Total funds brought	forward			247,042		146,250	393,292	416,159
TOTAL FUNDS CARRIED
PORWARD				181,691		135,000	316,691	393,292

			3IMar	ch 2022
						31.3.22	31.3.21
			Unrestricted	Restricted	Endowment	Total	Total
			fund	fund	fund	funds	funds
	Notes			8		8	f
FIXEDASSETS
Tangible assets							I
Investment property			406,926		135,000	541,926	1,121,713
			406,926		135,000	541,926	1,121,714
CURRENT ASSETS
Debtors		10	22,630			22,630
Cash at bank			812,807			812,807	284,595
			835,437			835,437	284,595
CREDITORS
Amounts falling due within one year		11	(7,421)			(7,421)	(912,017)
NET CURRENT ASSETS			828,016			828,016	(627,422)
TOTAL ASSETSLESS
CURRENT LIABILITIES			1,234,942		135,000	1,369,942	494,292
CREDITORS
Amounts falling due aller more than
one year		12	(901,251)			(901,251)
PROVISIONS FOR
LIABILITIES		13	(152,000)			(152,000)	(101,000)
NET ASSETS			181,691		135,000	316,691	393,292
FUNDS		14
Unrestricted 1'unde						181,691	247,042
Endowment funds						135,000	146,250
TOTAL FUNDS						316,691	393,292
The financial statements	were approved	by the Board ofTrustees		and authorised	for issue on ..!$...,.................~............. and were

INVESTMENT INCOME
			31.3.22	31.3.21
			I	f
Rents received			59,001	95,249
CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 4)	Totals
		f		f.
Drug ireatmenis
		31,504	104,098	135,602
SUPPORT COSTS
			Governance
	Management f	Finance f	costs f	Totals f
Drug treatments
	24,691	77,012	2,395	104,098

Support casts, include	d in	the above, are as follows:
			31.3.22	31.3.21
			Drug	Total
			treatments	activities
			5
Hire ofplant and machinery			2, 111	4,222
Office expenses			286	410
Legal &professional	fees		17,494	9,690
Audit &accountancy	hes		4,800	2,300
Bank charges				152
Pension deficit			77,012	99,560
Auditors' remuneration			2,395	2,500
			104,098	118,834
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated ager charging/(crediting):
			31.3.22	31.3.21
			8	5
Auditors' remuneration			2,395	2,500
Hire ofplant and machineiy			2, I I I	4,222
Deficit on disposal of	fixed assets		28,399

TANGIBLE FIXEDASSETS
	Fixtures
	and
	fittings f
COST
At I April 2021 and 31 March 2022	284,764
DEPRECIATION
At I April 2021 snd 31 March 2022	284,764
NET BOOK VALUE
At 31 March 2022
At 31 Ivlarch 2021

9.	INVESTMENT PRO	PERTY
	FAIR VALUE
	At I April 2021			1,121,713
	Disposals			(579,787)
	At 31 March 2022			541,926
	NET BOOK VALUE
	At 31 March 2022			541,926
	At 31 March 2021			1,121,713
10.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.22	31.3.21
			E	E
	Trade debtors		19,500
	Prepsyments		3,130
			22,630
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3,22	31.3.21
			E
	Trade creditors		621	1,024
	Amounts owed to group undertakings			906,277
	Accrusls and deferred	income	6,800	4,716
			7,421	912,017
12.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			31.3.22	31.3.21
	Amounts owed to group undertakings		901,251

A pmvision	off152,000	is being carried for the amount	due on the	Charity's	defined	benefit pension	The details
the scheme are disclosed		in note 14.
MOVEMENT IN FUNDS
					Net	Transfers
				movement		between	At
			At 1.4.21		in funds	funds	31.3.22
			E		E	E
Unrestricted	funds
General fund			247,042		(76,601)	11,250	181,691
Endowment	funds
Wirral PCT			146,250			(11,250)	135,000
TOTALFUNDS			393,292		(76,601)		316,691

								Incoming	Resources	Movement
								resources	expended	in funds
									5	8
Unrestricted	funds
General fund								59,001	(135,602)	(76,601)
TOTALFUNDS								59,001	(135,602)	(76,601)
Comparatives	for movement			in funds
								Net	Transfers
								movement	between	At
						At 1.4.20		in funds	funds	31.3.21
							f		f	8
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
Comparative	net moveme~t		in	funds,	included	in the above	are as follows:
								Incoming	Resources	Movenient
								I'esotll'ces f	expended	in funds f
Unrestricted	funds
General fund								101,274	(124,141)	(22,867)
TOTAL FUNDS								101,274	(124,141)	(22,867)

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

Overall the breakdown	ofthe assets	ofthe assets	is 22%UK Equity,	is 22%UK Equity,	is 22%UK Equity,	is 22%UK Equity,	22/o Overseas	22/o Overseas	Equity, 33% Government	bonds, 2%	bonds, 2%	cash and 22/o
Diversified growth.
Change in Technical provisions												f'000s
Value ofpast service liabilities st previous				valuation	date							238
interest an 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 o(psst service liabilities st current valuation						date						335
Financial Assumptions	-Summary		ofmain financial			assumptions		at	5April 2020 for Technical	provisions
Pre relirement discount	rale									Gill	curve	tI 5%o p,s,
Post retirement discount	rate									Gilt	curve	+0.5%o p.a.
RPI inflation											Inflation curve
									RPi - 0.75o/o p.a. until 2030 RPI
CPI inflation											fram that year
RPI pension increases									in line	with	RPI assumptions
CPI pension increases									In line	with	C PI assumptions
Recovery plan renun										Gilt	curve	t2 0%p.a.
					Pace		15					c~nnti ued

							Assumed	rate at last	rate at last	rate at last	Average	rate	during
								valuation			inter valuation		period
								(pcr		annum)		(pcr	annum)
Investment		returns	- assumed		for the	purpose ofthe 2017recovery
plan										4.70%			I 93o/
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%o			2.90%
in line	with	CPI								2.75%			2.02%
For the	2020 valuation			the potential		impacts ofglobal pandemics	and climate change		have been		considered.	These included
the following climate				change	shock scenario's:

		Potential
Ares ofimpact		Impact
UK Long dated interest rate		-0.5%p.a.
Inflation		+0.5%p.a.
UK Life expectancy		-0.25 yearn
Equity market repricing		-15%
Diversified gmwth	fund repricing	-7.54o

Membership ofthe scheme of8.	is made up ofno a	ctive members, 6 Deferred pensione	rs and 2 Retired pensioners giving a
Fund Account			f
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	ofleavers
Administration expenses-	audit lees		(252)
Administration expenses-	PPF Levy		(1,436)
Administration expenses-	Tiuslee management	fees	(19,776)
Net Additions from dealings with members			653
Investment Income - interest on cash deposits			5
Change in market Investments			(3,891)

EMPLOYEE BEiVEFI	EMPLOYEE BEiVEFI	TOBLIG	ATIONS - continued
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	from employer		in respect atdeficit funding		250
Contributions due	From employer		in respect oFadditional	funding	1,630
DIS contributions	- cash	balances			7,321
Current Liabilities
Acmued Administration		expenses			(5,196)
Tax payable					(14)
Net assets ofthe	plan at end afyear				233,622

The last full actuarial	valuation,	into account the present	into account the present	value of past service liabilities,	was completed	in 201
compiling these figures	the assumptions	used	are noted below:
Pre retirement discount	rate				4.7%per annum
Post retirement rate					2.2eA per	annum
Return on existing assets and new contributions			over the
deficit recovery period					4.7%per	annum
Rate ofinflation ~ RPI					3.5%per	annum
Rate ofinflation -CPI					2.75%per	annum
Revaluation oFpensions in deFerment				2.75%and 3.5%per		annum
Increases to pensions in payment				2.75%and 3.5%per		annum