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2023-03-31-accounts

for the Year E nded 31 March 2 023
31.3.23 313.22
Unrestricted Endowment Total Total
fund fund funds funds
Notes 8
liVCOME AND ENDOWMENTS FROM
Other trading
activities		 1,869 1,869
Investment
income		 58,999 ~58 999 ~59001
Total 60 868 60,868 ~59001
EXPENDITURE ON
Charitable
activities
Drug trcatmcnts 135,602
Charitable
Activities
Costs		 53,783 53,783
Total 53,783 53,783 135,602
NET 1iVCOME/(EXPENDITURE) 7,085 7,085 (76,601)
Transfers
between
funds		 15 11,250 (11,250)
Net movement
in funds		 18,335 (11,250) 7,085 (76,601)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 181,691 135,000 316,691 393,292
TOTAL FUNDS CARRIED FORWARD 15 200,026 123,750 323,776 316,691

31.3.23 31.3.22
Unrestricted Endowment Total Total
fund fund funds funds
Notes f f f
FIXFDASSFTS
Investment
propeny		 10 418,176 123,750 541,926 541,926
CURRENT ASSETS
Debtors 9,750 9,750 22,630
Cash at bank ~789670 789,670 ~812807
799,420 799,420 835,437
CREDITORS
Amounts
falling due within one year		 12 (29,974) (29,974) (7,421)
NET CURRENT ASSETS 769446 769,446 828,016
TOTAL ASSETSLESSCURRENT LIABILITIES 1,187,622 123,750 1,311,372 1,369,942
CREDITORS
Amounts
falling
due ager more than one year		 13 (893,929) (893,929) (901,251)
PROVISIONS FOR LIABILITIES 14 (93,667) (93,667) (152,000)
NET ASSETS 200,026 123,750 323,776 316,691
I'UNDS
Unrestncted
funds		 200,026 181,691
Endowment
funds		 123,750 135,000
TOTAI. FUNDS 15 323,776 ~316691

31 3.23 31.3.22
f I;
Miscellaneous income 1,869
INVFSTMENT INCOME
31.3.23 31.3.22
Rents received 58,999 59,001
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
Expenses 4.702 ~49 081 53,783

for the Year Ended 31March 2023
SUPPORT COSTS
Governance
Management Finance costs Totals
8
Expenses
24,168 ~22 413 ~2500 ~49 081
Support costs, included in the above, are as follows:
31.3.23 31.3.22
Total
Expenses activities
Hire ofplant and machinery 2,111
Office expenses 286
Legal &professional fees 11,244 17,494
Audit &accountancy fees 2,924 4,800
Management
charges		 10,000
Pension deficit 22,413 77,012
Auditors'
remuneration		 2,500 2,395
49,081 104,098
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated atter charging/(crediting):
31.3.23 31.3.22
Auditors'
remuneration		 2,500 2,395
Hire ofplant and machinery 2,111
Deficit on disposal of fixed assets 28,399
TRUSTEES' REMUNERATION AND BENEFITS

for thc Y ear Ended 31M arch 2023
TRUSTEES' REMUNERATION AND BENEI'ITS - continued
Trustees'
expenses
There werc no trustee's expenses paid for the year ended 31 March 2023 (2022:Inil).
STAlrlr COSTS
There are no staff employed as the chariry is administered by Kaleidomope Project.
TANGIBLII FIXEDASSETS
Fixtures
and
fittings
COST
At I April 2022 and 31 March 2023 284,764
DEPRECIATION
At 1 April 2022 and 31 March 2023 284,764
NET BOOK VAI.UE
At 31 March 2023
At 31 March 2022
INVESTMENT PROPERTY
FAIR VALUE
At
1 April 2022
and 31 March 2023 541,926
NKT BOOK VALUE
At 31 March 2023 541,926
At 31 March 2022 ~541 926
DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
31323 31.3.22
f
Trade debtors 9,750 19,500
Prepayments 3,130
9,750 22,630

31.3.23 31.3.22
Trade creditors 14,974 621
Accruals and deferred income 15,000 6,800
~29 974 7 421
CREDITORS: AMOUNTS lrALLING DUE AlrTL'R MORE TIIAN ONE YEAR
31.3.23 31.3.22
Amounts owed to group undertakings 893,929 901.251

MOVEMEN T
IN I UNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
f I
Unrestricted funds
General
fund		 181,691 7,085 11,250 200,026
Endowment funds
Wirral PCT 135,000 (11,250) 123,750
TOTAL FUNDS 316,691 7,085 323,776
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
8
Unrestricted funds
General
1'und		 60,868 (53,783) 7,085
TOTAL FUNDS ~60 868 (53,783) 7,085

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
I
Unrestricted funds
General
fund		 247,042 (76,601) 11,250 181,691
Endowment funds
Wirral PCT 146,250 (11,250) 135,000
TOTAL FUNDS 393,292 ~76,601) 316,691
Comparative nct movement in 1'unds, included in the above are as follows:
Incoming Resources Movement
resources expended in fundsI
Unrestricted funds
General
fund		 59,001 (135,602) (76,601)
TOTAL FUNDS 59,001 ~135,602) ~76.601)

Member Description 5 April 2023 5 April 2020
Deferred members Total deferred pensions revalued to valuation date - (6p.a.) 5,845 6,808
Deferred members Average age weighted 47 44
Pensioners Total pemions payablc (fp.a.) 2,484 2,103
Pensioners Average age weighted by pension 71 68
The breakdown ofIhe liability is set out below:

Description 2023 Valuation 2020Valuation
6'000s f.'UUUs
Assets 234
Liabilities —Pensioncrs (42) (54)
Liabilities
- Dcfcrred members		 (176) (332)
Overall position 2UI (152)
Funding
level		 192% 61%
Assets Summary
Revised
Investment
5April 2023 5 April 2023 strategy after 5
Aflocationg'000 Allocation % April 2023 %
Pooled Investment Vehicles 414 99 30
Bank 5 I 0
Tailored Credit 0 0 20
LK Inflation
Linked Gifts		 0 0 40
Sterling Inflation l,inked LDI 0 0 10
Total 419 100 100
Analysis ofExperience Since I,ast Valuation
8'000
Shortfall
on 5 April 2023		 (152)
Intcrcst (2)
Contributions
less expenses		 58
Changes
in market		 conditions (liability impact) 183
lixcess investment returns 128
Inflation experience
Impact ofchanges to statement		 ol' I'unding principles (40)
28
Miscellaneous
Surplus
an 2023 assumptions		 (2)
201
Expected 2023 shortfall (96)
Estimated
shortfall		 at 21I23 on 2020 assu mptions 175

Assumed rate at last Assumed rate during rate during inter
valuation
p.a.		 valuation period p.a.
Investment returns - assumed for ihe purpose ofthe 2020 recovery plan 0.63% 15.73%
Revaluation up to retu ament
in line with RPI 2.57% 6 09%
in line with CPI I 82% 4.49%
Pension increases in payment
in lme with RPI 2.57% 6.09%
in line with CPI I.82% 4.49%

Potential Impact (2023 and 2020
valuation)
UK long dated interest date -0.5%p.a.
Inflation +0.5%p.a.
UK life expectancy -0.25 years -0.25 years
Equity market rc-pricing -15%
Diversified growth
fund		 rc-pricing -7.5% -7.5%
Investment grade credit spread widening 0.2%p.a.
Inipact on high yield debt -5%