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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|scheme.|The details|of|
|---|---|---|---|---|---|---|---|---|---|
|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,|taking|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|
##
##
##
##
##
##