##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||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%|
##
##
##
##
##
##
##
##
##
##
##