Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2023 Kaleidoscope Plus Group Trustees, Report and Financial Statements For the Year Ended 31 March 2021 Company Number 04660523 Registered Charity Number: 1096473
Kaleidos¢ope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 Maich 2021 CONTENTS PAGES REFERENCE & ADMINISTRATION INFORMATION TRUSTEES. ANNUAL REPORT 4-12 STATEMENT OF TRUSTEES, RESPONSIBILITIES 13 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS 14-17 STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an income and expenditure accounti 18 BALANCE SHEET 19 STATEMENT OF CASHFLOWS 20 ACCOUNTING POLICIES 21-23 NOTES TO THE FINANCIAL STATEMENTS 21-31
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 REFERENCE & ADMINISTRATION INFORMATION Charity Name: Kaleidoscope Plus Group Registered Charity No 1096473 Registered Company No 04660523 Registered Office 321 High Street Wesl Bromwich Wesl Midlands B70 8LU Auditor Mazars 2 Chamberlain Square Birmingham B3 3AX Bankers Unity Trust Bank plc Nine Brindley Place Bimiingham B1 2HB Investment Managers QuiKer Cheviot Two Snow hill Birmingham B4 6GA Chlef Executive and Company S¢¢retsry Monica Shafaq Executive Officers Claire Dale- Director of Operats'ons (Deputy Chief Executive resigned 19.02.211 Alison Francis- Director of Finance & ReSoUrS
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 TRUSTEES. ANNUAL REPORT for the year ended 31 March 2021 The Trustees present their report and accounts for the year ended 31 March 2021. 1. Structure Governance and Management Board of Trustees The Trustees of the charitable company, who are diieclors for the purpose of company law, who served during the year and up to the date of this report are set out as follows.. Monica Shafaq Christopher Mills {Chairl Faye Hingley Surrinder Bains David Saunder5 Neil Male Anne-marie Pugh {resigned 8 January 2021} Michael Mclean Fergal Dowling (resigned 28 July 2021) Matthew Flint Douglas Brown (appointed 5 May 20211 Duncan Jones {appoinled 5 May 2021 } Anupama Gibson {appoinled 5 May 20211 Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee Trustee The Kaleidoscope Plus Group IKPGI is a voluntary organisation constituted as a registered charity (charity registration number 10964731 and a company limited by guarantee (company registration number 046605231, registered, and Incorporated in England and Wales. 11 is governed by its Articles of AssallOn. The principal office of the charity is 321 High Street, West Bromwich. B70 8LU. OBJECTIVES AND ACTIVITIES The objects of The Kaleidoscope Plus Group are.. To promote and support betterhealth and wellbeing across our area ofoperation... OurAims: Recovery To deliver high quality and appropriate services for people who experience ill health, promoting recovery, independence, and integration al all times. Inclusion To facilitate and support community integration and participation for people with health problems. Awarenes5 To raise awareness of health issues across the communities we serve., io challenge stigma associated with mental illness,. to promote and support positive health and wellbeing across communities. The Kaleidoscope Plus Group's Core Values are as follows.. Quality We are committed lo achieving and maintaining appropriate standards for the organisalion and its services, and lo building, supporting. and maintaining a skilled, high-quality workforce to ensure excellent service delivery and govemance.
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 TRUSTEES. ANNUAL REPORT (continued) Access and Equallty Our commitment to equality is reflected in our policies, practices, and services. This commitment goes beyond our ethos to promote equality and challenge discrimination. It involves an active commitment to identifying areas where inequality of access lo health services and support exists for diverse communities and lo develop structures to addTess them wherever possible. Contlnuous Improvement and Development We will carry out structured and regular review of the organisation and ils services, their quality, and their impact in order to inform and influence development. We will build skills and seek resources lo implement new ServIS andlor facilities in response to identified need. Partnership INe are accountable lo all our stskeholders and are committed to making sure the views and needs of our service users, funders and other partners are listened to. We will work with Servi providers and policy makers to have influence into the development of services and strategies which impact the communities we exist lo serve. Sustalnability We have a responsibility to our seNice users and the communities in which they live lo ensure that the servi9 we develop, and deliver are sustainable, and to ensure that resources are responsib5y managed and allocated. Trustee and Dlrector8 Inductlon and Tralning The Kaleidoscope Plus Group undertook a review of the skills on the charity's board of trustees during 201912020 and as previously reported, recruited five new members during that year. The pandemic however has resulted in the need for some of our board members to stand down from their positions to focus on personal and professional priorities. This led to vacancies on the board which are being recruited to. Our members come from varying backgrounds ranging from PR and marketing, legal and the commercial sectors and each new member is required lo undertake a structured induction program which consists of providing information on their responsibilities as a Trustee together with the history and intended direction of the charity. All are provided with a copy of the constitution. current business plan and policies relating to confidentiality, safeguarding, terms of reference and our code of conduct amongst other overarching governance related information. Throughout the year. all Trustees are given regular training in key issues arising which are pertinent to the charity and their duties and responsibilities as trustees. This has also now been supplemented with an online portal for them lo access in their own tirne. As with members of staff. board members are required lo undertake mandatory training elements and completion rates are recorded and monitored. They also re$ve training in Mental Health First Aid for which we have accredited trainers. On an annual basis, an 'away day. is organised which concenlrales on the key issues for the chaTIty, allowing the board lo take stock and consider future development, along with reviewing updates in charitable law. governance and how they impact on the duties of the Trustees. The trustees have been heavily involved in informing and monitoring the charity's business plan which sets out our vision and approach until 2023. All Trustees are encouraged to involve themselves in areas of particular interest to them through close involvement with the management, staff, and users of the charity's services. This helps Trustees to develop the overall strategic direction and does not delracl from the Trustee's primary responsibilities to the charity. During the year, a formal review of our governance structure and pro¢esses has also taken place, through which several recommendations to strengthen our approach have been identified. 202112022 will be used to work through these with an aim of achieving a kitemark demonstrating even better governance of the charity.
Kaleidoscope Plus Group Co No.. 04680523 Registered Chaty No.. 1096473 Year ended 31 March 2021 TRUSTEES. ANNUAL REPORT Icontinuedl All Trustees give their time freely and no trustee except for the Chief Executive Monica Shafaq received remuneration in the year. Organisational Structure The Kaleidoscope Plus Group is a volun18ry organisab.on consliluted as a registered charity Icharity registration number 1096473 and a company limited by guarantee (company registrabon number 046605231 govemed by adopted Articles of Association. It is governed by a committee of voluntsry Trustees Ilhe Board) who are also directors of the company. The Trustees elect ofFi¢ers al the Annual General Meeting including a Chair from amongst their number. The Trustees sel 'role descriptions, and 'person specifications, in respect of the officer roles (Chair) and the general Trustee role. The Trustees have overall responsibility for ensuring that the charity has appropriate systems of control, financial and otherwise. The systems of internal control are designed to provide asonable, although not absolute assurance against material misstatement or loss. They include.. an annual budget approved by Trustees. regular consideration by the Trustees of financial results. variance from budgets, non-financial performance indicators and bench-marking reviews. delegation of authority and segregation of duties. identification and management of risks. In addition to the AGM. the Board meets a minimum of four limes 8 year. There is also a Finance & General Purposes Committee which meets 'virtually' ensuring all board members can participate. 202112022 is likely lo see a change in the committee structures with an introduction of otherlallernative sub- committees. Responsibility for strategy, planning and the d8y-to4ay management of operations is delegated lo an executive team of managers led by the Chief Executive. who also acts as Company Secretary. Fomial reporting by the Chief Executive to the Trustees lakes place regularly throughout the year as well as through regular one lo one meetings beeen the Chair and Chief Executive. The committee meeting protocol continues to be updated lo ensure that there is a regular review of key issues, such as investment, risk management, performance data and regulatory monitoring. The Charity Currently employs FTE staff. Pay Policy The charity removed ils pay structures in 201 S and for many years did not review this due to financial constraints. A comprehensive review of the salary structure took pla in 201912020 and the board made a commitment to bringing all members of staff to market rale over the next three years. 202012021 saw the fiTSt phase of this being implemented. Premises During 201912020, the charity purchased its own offices on the main High Street in West Bromwich_ This is the first lime in the charity's history that the charity has its own building. The premised have now been refurbished, however have not been fully utilised due to the pandemic as the majority of staff were working remotely during 202012021. It is envisaged that there will be a phased return to the workplace during 202112022 when it is safe to do so.
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 TRUSTEES. ANNUAL REPORT {continuedl Rlsk Management The Trustees introduced a formal strategic risk management process and a full-scale review lo assess business risks and implement a risk management strategy. Operational risk assessment and management addresses the following areas, Loss of income.. Risk of Adverse Publicity," Loss of Key Staff,. Loss of Management Committee Members.. Lack of Organisational Vision,. Breach of Health & Safety, Financial Fraud or Error, Business Inlerruplionlcontingency,. and ICT failure. These are all reviewed on a quarterly basis and are sel out in the Risk Management Strategy, which adopts a risk register to evidence action against highlighted risks. A total of 32 risks are currently being monitored. A traffic light system is used lo rate them. Risks scoring between 15 - 24 (based on likelihood and impacll are rated as red. Those sGoring between 8 -14 are rated amber and risks scoring below 7 are rated as Green. The charity's highest risk factor is the possibility that commissioned contracts could end without replacement, however we recognise that this is a risk which is unlikely to change in the foreseeable future due to the economic climate the third sector is currently working in. See below the risk register where the key risks have been identified Risk DesGription Tiigger VulneRblllty M6tigation systemCOntrol Government Policy changes reduTr the level of funding available for non- regi5teied hea5th care arKI serviGe delivery by Thlr SeLtor organl$ation8. Change5 in govemrnent wlicy for non-registered care are announced The tnajonty of KPG setvite delivery v& publlc $ervic8 ntract delivery for non- regi$teTrd care. Ensure KPG keep5 up to dale with government polity. Fundraising Strategy Develop partnerships and ¢Dnsortlums wlh other $irThlar oryanisations, Re¥W possibilities cl economies of sca Revw expenditure streams lo ensuo VFM 1$ still achieved. IrKrea5e fevenue through allemative incorne streams Review whether this area of servlce is something KPG wishe8 lo rernain delivenng Review possibilities of economies of sca Review expenditure streams lo ensuFe VFM is still achieved Government Policy changes reduce the level of fundi avaibble for registered residential n¢¥I health 5eNice delivery by Third Sector anisa¢ion$. The ¢harily'S Changes in government poliy for registered sidential ¢are a announced KPG operates one Registered Care Home whl¢h makes a heatthy contribution to income Ensure KPG keep up to d¥te wth government policy. Ensure KPG kEeps up to dale with CQC requiretnents and standards Contracts end and not Teplaced With the exception of the Registered Care Horne, the contract services are relalivety short Fundraising strategy Investment Pelicy Franchise Model Bid and tendei subrnission5 Continually tnonittir expenditure and project forecast5 Oevelop a dwetse portfolio of services Use high profile medkq ¢hannels to help raBe Ir profile tsf KPC Ensure the relevant bbj wrltlng skills are deployed tts put together th8 bids to retain seNices Ensure adequate tine to dev810 bids is albcaled Diversify service delwery Ensure Servi¢È User involvement in ¢Jeveloplng new projec15 Widen the geographical area of seice availabilty and delwery from locality area5 to national areas thatened Projed Funding Streams cease and not replaced Funding c£ssatYJn notifitallons are served by ommi$slor*r KPG activity 15 heavily reliant upon contract funding from Commissioners ¢0 delbver projects Fundraising str2legy Regular dlalogue commisSnerS Submission ef bwjs and lenders
Kaleidoscope Plus Group Co No.. 04680523 Regislered Charity No.. 1096473 Year ended 31 March 2021 Risk Description Trlgger Vulnerablllty Mltigatlon Systsmslcontr Unaulhorised or illegal aetKwty I expenditure occurs There is fraud and I or mi5appropriatlon of funds. Funtls are10st Robust finance reporting and monitorlng Systems Independent audit of controls Ensure no officer is exposed to the risk of fraud Ensure adequate prottdvres and processe5 are in pla Carryout iegular checks ¢n piocesses Carryout iegular ch8cks on hyh-risk areas such as cash Reduce the levels of cash handling to a minimum. Introduce non<a5h rnethods of ment Review and revise Inveslmellt Portrolio Strategy Ensure Investment Mandate remains current and reflects current regisl&red Trustees Regular reviews earried out with Investment Portfolio Manager Ensure the investment portfolio manager does not become cplacent by regul3dy reviewing with other charity portfollo rnana 12-month artign plan appended to the Business Plan lo maintain focu$ and enable effec¥ve monitoring Subrni55ion of suitabl? tender5 and bids natnallY En$ure KPG are at the forefront of 'attemative' servtee d&livery cur¢ Investment Portfolio is not vtilised in investrnenls effeclnip Inadequate Investment Strategy Investment Portfolio does not generate adequate funding InvestEnt strategy There is little or no diversrfication in terms ot business development and I er diversification of Ser¥e delniery New an(J diverse buslness areas a not sought Kao8¢ope Plus Group is not at the forefront of key partner business development and diversification Busine55 Plan KPG premtse$ are subje¢t to unauthorised atee$s resutting in property thaft A bleak in occurs at one ofthe Offes Loss of office spxe, insecure premises, nd inseGurity of staff10 wish to work from there Adequate security system$ and monitonng on place that is reviewed on a regular basis by a specialist provider Locking up. procedure In place and *hered to at Insurance againstthe rK is albvays in place Implement a geKral Busines$ Continuity Plan Support of a key-holding company Have suitable security systems in plac? alafmlc elc Insuran against the ri8k is always in place KPG premises are subjadto a major Incident such as fire. flood, bomb threat, etc A rn4or incrdent occurs at an KPG oty Uftab lo deliver Contracted and sew- funded service5 Adequ2t8 Busires$ Continuty plan.
K81eidoseope Plus Group Co No.. 04660523 Registered Charty No.. 1096473 Year ended 31 M8r¢h 2021 TRUSTEES, ANNUAL REPORT Icontlnued} How Our Actlvitles Dellver Publle Benefit The Trustees have referred to the Charity Commission's general guidance on public benefit and feel that the existing aims and values meet the requirement set out for small charities. A review of the mission aim5, and core values has been undertaken and rt is fell that they remain relevant to the charity's purposes. Mental Health covers a wide spectrum of illnesses from psychotic disorders such as bipolar through lo the more common conditions such as anxiety and depression. Around one in four people have suffered from a mental illness or are associated with someone who has and the annual cost of mental health problems in England is estimated al £77 billion. The charty, along with many other mental health service providers believe that there will be a mental health crisis when the aftermath of the pandemic is truly known. Each day 15 people in the UK will lake thelr own lives with someone dying by suicide every 2 hours. A total of 2,038 adults will be admitted to hospi181s in England and there will be around five million inpatient days per year. There will be 912 detentions under the Mental Health Act 1983 of which around 385 will be voluntary admissions. Every year, 33 million prescriptions for anti-depressants are written in England and 16 million for sleeping pills. anli-anxiety drugs or Iranquillisers. Mental health illness does not discriminate, il impacts people of all ages and economic backgrounds. Some illnesses are clinically diagnosed whereas others are not which makes it difficult lo determine the number of people requiring mental health service provision. At The Kaleidoscope Plus Group, equal access lo all our services is of paramount importance. We monitor our performance against both contractual and sector expectations across all service areas to ensure that effective services are implemented., any gaps are easily identified and work with a wide range of Commissioners to develop appropriate interventions. During the year we have also introduced several digital activities through which the wider public can engage and receive support. We believe that equal access to our services is vital to our suc¢ess and that successfvl outcomes must be shad by all sections of the community. Our main activrties for the year continued to meet The Kaleidoscope Plus Group's Mission and Aims and were implemented through the provision of a number of services.. Residential Care Nicholl Grange Care Home Residents'al care for 14 people structured lo comprise a 10-bed unit with 4 one-bedroom flats in West Bromwich. The staff tearn provide care and support 24 hours a day. The home caters both ft)r people who have a long-temi need for such a setting. as well as for some who wish to develop their independent living skills prior lo moving on. In addition, there are four one-bedroom flats attached to this scheme where the residents receive 5UPPOrt from the care home staff lo facilitate a greater degree of long-lerm independent living. Without such a Service, local people suffering from mental health illness would not be able to gain the support and confidence to live fulfilling and independent lives. ILS These are two individual shared properties accommodating 4 individuals who have bene in long term instilutionalised care. They are enabled to live Independently in the community with 2417 on site supp)rt. SORT Scheme A Floating Support scheme which support$ 100 people. Those who receive support have mental health issues and challenges and the SORT scheme helps them maintain independent living in their own homes.
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ènded 31 Marcth 2021 TRUSTEES, ANNUAL REPORT (continued) Community Offer A source of support for people in West Bromwich providing general advice. guidan and advocacy foT people who may be suffering with their emotional health. Counselling with Kaleidoscope This service is funded through the charity's reserves and provides counselling in various modalities lo anyone who may need it. The seNice is Chargeable and operates on a means tested basis to ensure that is affordable and provides equal access to those on low income. 11 is delivered faee to face and online and is available to anyone in the country. Su+cide Bereavement Support (Black Country and warwicksh1) This Servi offers support lo those who have been bereaved by suicide in WaNickshire and The Black Country. Primary Mental Health Workers The PMHWteam work with children and young people. families, carers, and professionals providing support where there a emotional or mental health concerns in relation lo the young person. Suicide Prevention Text Line In October 2019, the charity was finally able lo launch its much-anticipated suicide prevention text line service in partnership with SHOUT. This national Servi is available lo 2417 to anyone in the UK and can be accessed free of charge. Trained crisis volunteers help those who contact the service lo slay safe and provide guidance on services available to support them. During the last six months of the financial year, the service saw a 1500A increase in the number of texters. Talk2Us This service was sel up in specific response to the pandemic and the growing need for people requiring advice and support regarding their emotional health or those around them. The service can be acSSed by phone or via our website and is available to anyone in the country. Awareness Raising and Publicrty During the year, The Kaleidoscope Plus Group worked across the communities of the Black Country and beyond to raise awareness. challenge stigma, contribute lo local policy and service development and ensure that services are equally available and accessible to all members of the community. The organisalion worked in partnerships throughout the year to ensure that various campaigns such as 'Time lo Change, and National Mental Health week are all promoted. The annual Charity Gala Ball did not tske pla however due to the pandemic. Training The charity provides an internal training seNice lo all staff, in particular those staff who are in the forefront of the organisation's work, particularly in Care. Support & Community Servi¢e5. Internal training offers a service which ensures our staff are well versed in the full range of legislative and specialist knowledge relevant lo their area of work to enable them to provide competent services of a high standard. The charity also provides extemal training including Mental Health First Aid, Applied Suicide Intervention Skills Training and a bespoke mental health and wellbeing training packages to a range of businesses, partners and individuals. There are several staff who are now qualified trainers and carry out training in specific areas of mental health. Training for users of other services and the general public relating to mental health and the range of self-help i$$ues is also provided.
Kaleldoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 M8r¢h 2021 TRUSTEES ANNUAL REPORT (contlnued) Fundraislng Fundraising has become an important focus for the charity over recent years and the Gharity is early on in rts journey of devising a formal approach, however the organisalion follows and adheres to the fundraising regulator standard. This includes detailing a clearly defined fundraising strategy which is included in the charity's three-year business plan 2020-2023. Clearly events have been affected dije to the pandemic, bul the charity undertook varK)us online events such as a pub quiz to generate fvnds. FINANCIAL REVIEW The Trustees note that overall. the financial performance for the year has been positive after gains from investments and this is demonslraled in the results. However, the Charity's operating income of£2,142,910 12020.. £2.696.812) was less than its total operating expenditure before gains on investments by £81,793 12020 £133.204 profit). The fall in incorne is mainly due to the loss of a key contract during the last financial year. The charity was able lo continue service delivery and sustain ils contract funding throughout the pandemic and lockdown perKJd. The charity also won new business. The business strategies for income diversification and revenue growth are included in the charities three- year business plan. Reserves and Investment We hold general reserves to provide cover for unexpected Changes in income and expenditure, allowing us to continue key activities in the event of.. A temporary loss of income. givlng lime to adjust the business m¢JJel or source allernats've income streams. Manage short term financial commitments the Charity is exposed to in the event of loss of income. The Trustees aim to ensure that general reserves al maintained 31 a target level equitable to six months operational expenditure. In 20121 the free reserves target was £1,250,000. This is based on a review of the financial risk associated with our income streams. At the end of the financial year the reserve level exceeds the largel with the free reserves being £1,513,00012020-. £1,378,333). Investments Quilter Cheviol manage the portfolio ofequty and fixed interest investments in accordance wlh their ethical investment and medium risk policy. they report on a regular basis to the Board of Trustees. The ethical reslriclions apply, and we manage the portfolio within the agreed asset allocation bandings, and report on a regular basis lo the Board of Trustees. The latest agreed bandings were.. Fixed Interest UK Equ(ties Overseas Equities Alternatives 20 to 400 20 to 350 25 to 35% 010250 KPG investments are benchmarked against the MSCI VWA Private Investor Income index. However, typically we also compare against our peer group composite as reported by ARC. The corresponding benchmark to the Kaleidoscope's QC portfolio is ARC Sterling Balanced Asset To the end of March 2021, we've outperformed short term over 12 months following a very strong rebound since the lows in March 2020. Longer term also, we remain comfortably ahead of ARC over 5 years. 31112120- 31103121 +1.20 30109120- 31103121 +8.40/0 31103120- 31103121 +21.60 Kaleidoscope QC portfolio ARC Sterling Balanced Asset MSCI VVMA Pl Income +0.5Q +6.0/0 +20.30 +1.6° +8.60 +19 7%
Kaleidoscope Plus Group Co No.. 04660523 Regi81ered Charity No.. 1096473 Year ended 31 March 2021 TRUSTEES, ANNUAL REPORT (conllnued) Future Operation$ The Kaleidoscope Plus Group is conb'nulng a process of an on-going service review lo ensure that relevance of service and quality, remain a key focus. The charity is making excellent progress in developing its work in the wider Black Country region and beyond, including Staffordshire, Stoke on Trent, an Bedfordshire. COVID has had an impact. not only on a national level but on 8 global level too. The charity's business continuity plan meant that all serviees, except for the Care Home and ILS schemes, due to their very nature. were able to operate remotely and continue supporting those whom il serves. Contractual targets and relationships with commissioners remained throughout the period with commissioned income confirmed and ¢onlinuing. Clearly the charity's ability lo fundraise has been affected as has the whole sector. however this has not materially affected the Kaleidoscope Plus Group which remains lo be a going concern. Disclosure of Information to audltors In so far as the dire¢tors are aware.. there is no relevant audit information of which the charitable company's auditor is unaware. and the trustees have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the charitsble company's auditor is aware of that information. Audltors Mazars. will be proposed for reappointment in accordance with section 485 of the Companwd A 2006. Small Company Provlslons The Trustees, report ha5 been prepared in accordance with the provisions applicable to small companies under the Companies Act 2006. This report was approved by the Executive Committee on 13.10.21 and signed on ils behalf by.. Christopher Mills Chairman
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. lo473 Year ended 31 March 2021 STATEMENT OF TRUSTEES. RESPONSIBILITIES statement of trustees, iesponsibilities The trustees (who are also directors of Kaleidoscope Plus Group for the PUTpose of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in a¢¢ordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year whlch give a true and fair view of the slate of affairs of the charitable company and the group and of the incoming resources and application of resour8. including the income and expenditure of the charitable company for that year. In preparing these financial slalements, the trustees are required to.. a} select suitable accounting policies and then apply them consistently. b) observe the methods and principles in the Charities SORP FRS 102). cl make judgments and estimates that are reasonable and prudent. d) state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. e) prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose wllh reasonable accuracy al any time the financial posits'on of the charitable company and enable them lo ensure that the financial statements comply with the Companies Ael 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible lor the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
Kaleidoseope Plus Group Co No. 04660523 Registered Charity No= lo473 Year ended 31 March 2021 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP Opinion We have audited the financial statements of The Kaleidoscope Plus Group (the 'charity'l for the year ended 31st March 2021 which comprise the Statement of Financial Acts'vities. the Balance Sheet, the Statement of Cash Flows, and notes lo the financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practi}. In our opinion. the financial statements.. give a true and fair view of the state of the charity's affairs as at 31st March 2021 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS IUKII and appli¢able law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financi81 statements section of our report. We are independent of the group and the parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for OUT opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubl on the group's and the parent charity's ability to continue as a going concern for a period of al least e1ve months from when the financial Statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. other infomiation The other infomialion comprises the information inclLFded in the Annual Report, other than the financial statements and our auditorfs report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otheiSe expliciUy slated in our report, we do not express any form of assurance conclusion Ihereon.
Kalwdoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 In connection with our audit of the financial stalemenls, our responsibility is lo read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtsined in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls. we are required to determine whether there is a material misstatement in the financial ststemenls or a material misslalement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 20C6 In our opinion, based on the work undertaken in the ¢ourse of the audit.. the information given in the Trustees. Report which includes the Directors. Report prepared for the purposes of company law, for the financial year for which the financial ststements are prepared is consistent with the financial statements., and the Trustees. Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In light of the knowledge and under5t2nding of the group and the parent charity and their environment obtained in the course of the audit. we have not identified material misstatements in the Trustees. Report. Vve have nothing lo report in respect of the following matters In relation to which the Companies Act 2006 requires us to report lo you rf. in our opinion.. adequate and prOr accounting cOrdS have not been kept, or returns adequate for our audit have not been received from branches nol visited by us,. or the financial statements are not in agreement with the accounting records and returns", or certain disclosures of Iruslees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit. the trustees were not entitled lo prepare the financial statements in accordance with the Small companies regime and lake advantage of the small companies, exemption in preparing the Twslees. Report and from the requirement to prepare a Strategic Report. Responsibilities of Trustee5 As explained more fvlly in the Iruslee5' responsibilities statement set out on page IXI, the trustees (who are als9 the directors of the charitable company ft)r the purposes of Company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. the Iruslees are responsible for assessing the charity's ability to Continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charity or to ase operations. or have no realistic alternative but lo do so. Audrtor's responsibilities for the audtt of the financial statements
Kaleidoscope Plus Group Co No.. 04660523 Registered Gharity No.- 1096473 Year ended 31 March 2021 Our objectives are lo obtain reasonable assurance about whether the finanaal statements a$ a whole are free from material misstatement. whether due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assuran is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial slatemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our re5ponsibililies, outlined above, to delecl material misststements in respect of irregularities. including fraud. Based on our understanding of the ¢harty and its aclivilies, we identified that the principal risks of non-compliance with laws and regulations related lo employment regulation. fraud, and non-compliance wrth implementation of government support schemes relating to COVID-19. and we considered the exlenl to which non-compliance might have a material effect on the financial slalements. We also considered Ih05e law5 and regulations that have a direct impact on the preparation of the financial stalemenls, such as the Companies Act 2006. We evaluated the trustees, and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related lo posting manual joumal entries to manipulate financial performance, inapproprialely shifting the liming and basis of revenue recognition, management bias through judgements and assumptions in significant accounting eslimales, in particular in relation to fund accounting. and Significant one-off or unusual transactions. Our audit protsdures were designed to respond to those identified risks, including non-compliance with laws and regulations lirregularities} and fraud that are material to the f5nancial statements. Our audit procedures included but were not limited to.. Discussing with the trustees and management their policies and pmcedures regarding compliance with laws and regulab'ons-. Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audiL and Considering the risk of aels by the charity which were contrary to applicable laws and regulations, including fraud. Our audit procedures in relation to fraud included but were not limited to.. Making enquiries of the Iruslees and management on whether they had knowledge of any aelual, suspected, or alleged fraud. Gaining an understsnding of the intemal controls established to mitigate risks related lo fraud. Discussing amongst the engagement team the risks of fraud., and Addressing the risks of fraud through management override of controls by perfomiing joumal entry testing. There are inherent limitslions in the audit procedures descrited above and the primary responsibility for the prevention and detection of irregulaiilie5 including fraud rests with management. As with any audit,
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 10W73 Year ended 31 March 2021 there remained o risk of non-detection of irregularities, as these may involve collusion, forgery, Intentional omissions. misrepresentations, or the override of intemal controls. A fLtrther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al www.fr¢.org.uklauditorsresponsibilities. This descripts'on forms part of our auditorfs report. Use of the audit report This report is made solely to the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charity's members those matters we are required lo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's members as a body for our audit work. for this report or for the opinions we have formed. lan Holder {Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor First Floor Two Chamberlain Square Birmingham B3 3AX Nov 11. 2021
Kald0$cope Plus Group Co No.. 0466D523 Règistered Charity No.. 1096473 Year ended 31 Marth 2021 STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the ygar ended 31 March 2021 Unrestricted Reslricled Funds Funds 2021 2021 Total Funds 2021 Total Funds 2020 Notes Income from Generated funds: Voluntary in¢orne Donations Activities for generating funds Fundraising Investment income Rental income and service charges Bank interest Dividend income 24.729 24,729 178,342 20,361 20,361 86.002 602 16,830 602 16,830 5.578 17.598 Charitable activltles Contract and charges Residential care Supported accommodation Community seNices Training and Other Income Total Income and endowmentg 719,484 340,601 901,123 62.820 2,086.551 719,484 340.601 901,123 56 359 119.179 56,359 2,142,910 607,699 301.217 1,358,507 141.869 2,696.812 Expendlture on: Charitable actlvlties Total expenditure 2 147 388 2,147,388 77 315 2 224 703 77,315 2.224.703 2,563,607 2,563,607 Net income for the year before other recognised galns and losses {60,8371 120.956) 181,7931 133.204 other recognlsed gainsl{lossesy Realised gainslllosses) on investments Unrealised Ilossesllgains on investments 10 10 9,110 98.833 9,110 98,833 7,843 175,161) Net income l (expendlturel for the year 47,106 {20,9561 26,151 65,886 Fund balancgs brought forward at 1 Aprll Fund balances carried forward at 31 March 2.585.766 67,220 2.652.986 2587 100 2.632,872 46,264 2,679.137 2,652,986
Kaleidoscope Plu5 Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2021 BALANCE SHEET AS AT 31 MARCH 2021 Note$ 2021 2020 Fixed assets Tangible asse15 'sted investments 1,056,774 683,479 647,811 562,773 10 1,740,253 1.210,584 Current assets Debtors.. due within one year Cash at bank and in hand 11 333.473 1.000.281 319.979 1,440.997 1.333.764 1,760,976 Creditors: amounts falling due within one year 12 {394.8701 1318,574} Net current assets 938,884 1.442.402 Total assets less current liabilities 2.679.137 2,652,986 Net assets 2.679.137 2,6S2,986 Unrestrlcted funds 14 Designated funds Restricted funds General funds 1.207.185 46.264 1,426.047 1,207,633 67,220 1,378,133 Total funds 2,679,137 2,652,986 The financial statements are prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statement5 were approved by the Trustees and authorised for issue on 13th October 2021 and signed on their behalf by.. C Mills M Shafaq Ll TRUSTEES
Kaleidoscope Plus Group Co No." 04660523 Registered Charity No.. 1098473 Year ended 31 March 2021 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2021 Notes 2021 2020 Cash flows frorn oporating activltles: Net cash provided by operating actlvities Cash flows from Investing activities: Purchase of propety. plant, and equiprrEnt Purchase of inve51menls Proceeds from sale of investments Interest received Dividend income 1.615 114.636 {443,7711 {170.1411 152,797 602 16.830 1639,7211 1155,8101 135,152 5,578 17,598 637,202 Net cash from investlng activities 443.683 Chango in cash and cash equivalents in the reporting perlod 522,554 Cash and cash equivalents at the beginning of the year 1,464.369 1,986.935 Cash and cash equivalents at the end of the year 1,019,071 1,464,371 Cash is represented by: Cash held by investment managers Cash al bank and in hand 18,791 1,000,281 1.019,072 23.374 1.440.997 1,464.371 2021 2020 Al Rèeonciliation of net Income to net cash flow from operating activitles Surplus for the financial year Adjustments for.. Depreciation I ProfiVLoss on Sale of Property Plant and Equipment l Decreasellincrease} in trade and other receivables (Decreaseifincrease in trade payables Interest received Dividend Income Realised gain on investsnents l Unrealised {gainsylosses on investments 28,651 65,885 34.808 41,080 3,425 91,232 1131,1281 15.5781 117,5981 (7,8431 75,161 114,636 {6,376) 66.677 1602} 116,830) 19.110} 98,833 1.615
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 10W73 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS Accountlng policies The main accounting policies adopted in the preparation of these accounts are.. Basis of accounting The charity constitutes a public benefit entTty as defined by FRS 102. The financial statements have been prepared in accordance wrth Accounting and Reporting by Charities.. Stslement of Re¢ommended Practice applicable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted practice. b} Going concern Kaleidoscope plus Group business acttvities. its ¢urrent financial position, and factors likely to affect its future operations are all set out in the Trustees report. The trustees consider that there are no material uncertainties about Kaleidoscope's ability lo conts'nue as a going concern and there are no unplanned material uncertainties affecting the current year's accounts. The entity has adequate resources to continue in operational existence for the foreseeable future Key areas of management judgement and estlmatlon uncertainty When preparing the financial slalements, management makes a number ofjudgements, estimates and assumptions about the recognition and measurement of assets, liabilities, income. and expenses. Management is of the opinion that are no key areas of managementjudgement or estimation uncertainty adopted within the financial stslements. dl Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes that do nol contain legally binding restrictions. Income Donations and are accounted for on a receivable basis. Income from fees charged for services are recognized on completion for the services performed. Income where payments are linked lo reslriclions i.e., performance related, time et¢. are recognised when the conditions have been met, it is probable that the income will be ceived, and the income can be measured reliably Income on bank deposits is aceounted for on the accrual's basis. Income from quoted investments is recognised al the dale the dividend is due. Re$our¢e$ expended Resources expended include all costs incurred and accrued as at the balance sheet date. Support costs, which include the centr81 office functions such as general management. payroll adminislralion, budgeting and accounting. care and support services management, information technology and human resources are allocated across the categories of charitable expenditure. in proportion to total direct spend in each activity.
Kaleidosco Plus Group Co No." 04660523 Registsre¢J Gharity No.. 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS (continued) Accounting policies {continuedl Vvhere costs cannot be directly attributed to parbcular headings. they have been allocated to activities on a basis consistent with the use of the resources. Costs of charitable actlvities comprise all costs identified as wholly or mainly attributable to achieving the charitable objects of the charity, including the costs of disseminating information in support of charitable activities. These costs include staff costs. wholly or mainly allributable support cos15 and an apportionment of general overheads. Governance costs comprise all costs identified as wholly or mainly attributsble to ensuring public accountability of the charity and its compliance with regulation. These costs include external audit and Trustee costs. g) Fixed assets Tangible fixed asset5 are slated at cost less accumulated depreciation. Assets costing less than £500 are fully expensed in the year of purchase. Assets costing above this amount are capilalised as tangible fixed assets. Land is not depreciated. Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives at the following annual rates using the straighl-line method.. Buildings lexcluding landl Property, Plant and Equipment IT Equipment Over 50 years 20.OYo 33.30 h) Gifts in kind The value of the work done by volunteers is of significant value lo Kaleidoscope Plus Group and lo the people who use ils services. The work of volunteers is greatly appreciated, but in accordance with the SORP no monetary value has been placed on their contribution in the financial statements. Taxation No corporation lax has been provided in these accounts because the income of the Charity is within the exemptions granted by Sections 466 to 493 of the Corp)ration Taxes Act 2010. Operating lease rentals Operating lease rentals are charged to the income and expenditure account on ? straight- line basis over the lease term. k} Investments Investments have been included at market value as al the balance sheet dale. Gains and losses arising from the disposal of investments are calculated al net sales proceeds less carrying value. Unrealised gains and losses on the revaluation of investments are recognised in the statement of financial aclivilies.
Kaleidoscope Plus Group Co No." 04860523 Re9islereil Chaity No.. 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS {continued) Accounting policies {continuedl Pensions The charity operates a defined contribution scheme. The annual employers. pension contributions payable are charged lo the Statement of Financial Activities. Financial Instrnments The charity only has financial assets and financial liabilib.es of 8 kind that qualify as basic finanei81 instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value. The charity only has financial assets measured at undiscounted amount receivable which comprise of rents, charges and housing benefit receivable and other debtors. The charity only has financial liabilities measured at undiscounled amount payable which comprise of rents, charges and housing benefit payable, other tsxalion and social security and other creditors. Provisions Provisions are recognised when the charity has an obligation al the balance sheet dale as a result of a past event. il is probable that an oufflow of economic benefits will be required in settlement and the amount ¢an be reliably estimated. Impairment$ Assets measured at fair value are reviewed for any Indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of an asset, or the asset's cash generating unil, 15 estimated, and compared to the carrying amount. wn)ere the carrying amount eXedS its recoverable amount. an impairment loss is recognised in the Statement of Financial Activities unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease.
Kaleidoscope Plu$ Group Co No.. 04660523 Registered Charity No.. lo473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS {continuedl Incoming resources by source 2021 2020 Supporting people Rents & service charges received Sandwell CCG and Sandwell MBC Sandwell MBC-Volunlary Sector Support Investment income & interest Investment income.. rent21 and service charges Training and Other income Charitable donations 302,005 457,398 600,348 86,456 17,432 301,217 409,753 908.003 85,600 23.176 654,452 24,729 790,721 178,342 2,142,910 2,671,579 Investment Income 2021 2020 Dividend Income Interest on bank accounts and short-term deposits 16,830 602 17.598 5,578 17.432 23.176 Total resourcgs expended staff Costs Depre Other eiatio Costs (Including Support costs) Total Total Unrestrlcted Restricted Total 2021 Total 2020 Costs of charitable aclNities'. Residential care Supported accommodation Communitylcommercial services Awareness raising & publicity Governance (note 6} 423,059 570,590 7,791 5,607 133,588 49,857 564,438 626,054 22,939 564.438 626,054 516,785 583,571 728,598 19,945 733 733 139,490 64,845 62.469 833,298 74,277 71,901 54,736 888.034 1,384,457 74,277 23,358 71,901 55.436 8,699 8,699 1.739.645 34,808 450,249 2.147,388 77,316 2.224.703 2.563,607
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 10g6473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS Icontinuedl Support costs Financel admin & general manage- ment Internal training Total 2021 Total 2020 IT Residential ca SupF)Orted accommodation Communitylcommercial services Awareness raising & publicity Governance costs 110,782 154,919 212,641 10,970 10,970 500,283 8,890 12,432 17,064 880 880 6,990 126.662 110,899 9.774 177.126 153,332 13,416 243.142 399,689 692 12,543 12,471 692 12,471 31,564 $71,995 688.862 40,147 Governance costs comprise 2021 2020 Apportionment of costs supporting governance activities Professional fees Trustee's costs Audit fees Other 9,998 21,618 7,869 8,225 34,235 6.615 13.552 20,296 72,467 49.942 Net Income 2021 2020 Net Income statsd after charging.. Loss on disposal of assets Auditor's remuneration Audit Other Depreciation Building Depreciats'on Operating Leases- Land and Buildings Operatsng Leases- Office Equipment 3.425 24,635 9,600 34,808 11,029 12.000 41,080 12.080 25.713 17.143
Kaleidosco Plus Group Co No." 04660523 Registered Gharity No.. 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS {continuedl Staff costs 2021 2020 Wages and Salarles Employer's Social security costs Employer's Pension costs 1,459,579 122,471 1.687,007 136,733 73,138 1,641,755 78,335 1,896,878 43,552 12.673 1,953.103 Agency costs Recruf(ment costs 1,739,645 staff Costs per function as follows= 2021 2020 Costs of generating charitable activities Management and administration 1,342,931 396,715 1.739.645 1,555,565 397,538 1,953,103 Trustees. and key management personnel remuneration One employee had employee benefits excluding employer pension costs in excess of £60.000 12020.. Nill- During the year no termination paymen15 were made12020 £16,284} to I0 employees. In 2020121 the organisation had three managers whose lolal key management personnel remuneration costs amounted to £170,645 12020 £141.0981. Pension contributions in respect of these individuals were £6,724 (2020 £5,606}. One employee was a Trustee on the board. During their lime on the board, their emoluments were as follows.. 2021 2021 2021 2020 Basic 60,378 Pension 3.019 TOTAL 63.397 TOTAL 62,225 Monica Shafaq Chief Executive & Company Secretary 60,378 3,019 63.397 62.225 The average number of full-lime employees excluding agency workers, analysed by function is.. 2021 Numbor 2020 Number 53 14 Direct charitable services Management and adminislralion 12 56 67
Kaleidoscope Plus Group Co No." 04660523 Registered Charity No.. 10W73 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS (continued} Tangible red a$set$ Freehold Land and Buildings Computer Equipment Equipment & Furniture Total Cost At 1 April 2020 Additions Disposals 604,201 431,447 69,847 12,324 244.106 918.154 443,771 Cost at 31 March 2021 1.035,648 82.171 244,106 1.361,926 Depreclatlon At 1 April 2020 Charge for year Disposals 12.084 11.029 56,964 12.549 201,294 11.230 270.343 34.808 Depreciation at 31 March 2021 23,113 69,513 212.524 305 151 Net book amount at 31 March 2021 Net book amount at 1 April 2020 1,012,534 12.658 1.056.775 592,117 12,882 1,663 647,812 10. Investments 2021 2020 Opening Balance at 1 Aprll Additions at cost Realised gains Unrealised gains1{105sesl on investments Disposals Market value a131 March Cash Held on Deposit Total investments S39,399 170.141 9,110 98,835 1152.7971 664.688 18.791 683,479 586.060 155.810 7,843 175.162) 1135,152} 539,399 23.374 562,773
Kaleidoscope Plys Group Co No.. 04660523 Registered Charity No= 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS Icontinugd) 10. Investments Icontinuedl 2021 2020 Market value at 31 March comprises-. Listed investments UK 339,776 324.912 18,791 357,698 181,701 23,374 Overseas Cash held on deposit 683,479 562,773 Historic cost value 31 March 612N76 S47,353 Induded within the portfolio are the following investments which comprise more than 5% of the market value of the portfolio: Pereentage of Portfollo Market Value 2021 UK IGOW OF) 0.1250 5.7% 38.606
Kaleidoscope Plus Group Co No.. 04660523 Regisleied Charity No". 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS {continued) 10. Investments {contlnuedl 11. Debtors 2021 2020 Amounts falling due within one year Trade Receivables Rents, charges, and housing benefit Prepayments Accrued Income Other debtors 253.497 150,508 38,540 32,920 8,516 49,360 116,361 3,750 Total debtors 333,473 319,979 12. Creditors 2021 2020 Amounts falling due within one year Trade Payables Rents, charges, and housing benefit Other taxation and social security Accruals Deferred income Other creditors 41.031 28,407 1,127 32,819 126,174 60,516 69.532 318.574 34fv51 138.349 154,229 26.810 394.870 2021 2020 Deferred Income: Brought fonNard Released in year Received Carried forward 60,516 177,726 {60.516} 1177.7261 154,229 60,516 154,229 60.516
Kaleidos¢ope Plus Group Co No.. 04660523 Registered Charity No.. 10W73 Year erKled 31 Mard) 2021 NOTES TO THE FINANCIAL STATEMENTS {contlnuedl 13. Analysis of net assets between funds General Fund Restricted fund Designated Total funds Fund balances at 31 March 2021 Are represented by: Fixed assets Investments Debtors amunt falling due within one year Current assets amount due within one year Current Liabilities 1.056.775 1.056.775 683,479 683,479 1.137.079 46,264 150.410 1,333,753 394,870 1425 688 394 870 2 679 137 46.264 1207 185 General fund Restri¢ted Designated fund Total funds Fund balances at 31 March 2020 Are represented by: Fixed assets Investments Debtors amount falling due after one year 647,812 647,812 562.772 562,772 1,133,935 67,220 559.821 1,760.977 Current assets amount due within one year Current Liabilities 318,574 1378 133 318.574 2.652 986 67.220 1207 633 14. Statement on movement of funds Balance at start of year Balance at end of year In¢oming Outgolng Investment Transfers Losses Restricted fund8 Unrestricted Funds Designated fund 1,207,633 {489,411) General funds 1,378,133 2,086.551 11,657,977) 2,652,986 2,142,910 12,224.7031 67,220 56,359 177,315) 46,294 488,963 1,207,185 1488,9631 1.426,047 2,679,137 107.944 107,944 Totsl Funds
Kaleidos¢ope Plus Group Co No. 04660523 Règistered Charity No.. 1096473 Y8ar ènded 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS {continued} Designated funds represent the following.. Following the sale of the leasehold property (Hawthorne House). Designated funds consist of £30,409 remaining funds set following the purchase and refurbishment of a new office where the organizalion could carry out its principal business aclivilies. Investment in affordable counselling. During 201201 £57,964 was spent leaving £120,000 The service will be reviewed each year for financial sustainability. The remainder of the designated funds of £1,056,77512020'. £647,812) represent the nel book value of the tangible fixed assets at the year end. FuluTe depreciation will be charged against the fund over the remainder of the useful life of the fixed assets held. A transfer has been made beeen general funds and designated funds lo ensure carried forward funds equate to the nel book value of tangible fixed assets held at the year end and the amount designated for the purchase and refurbishment of the new office. Restricted funds represent the following.. A specific campaign where funds were raised towards establishing a suicide helpline 18unched18St year. Funds held at the end of the year £28,807 Fund Suicide Prevention Cfrordinalor's post and a$soci8ted activities. Funds held at the end of the year £15.165 Funds received for a Drama Therapy Group. Group ended March 21. Funds held al the end of the year £2,292 General Funds are to be used for any of the charitable aims of the charity. The use of general funds is not restricted to any particular purF)ose of the ¢harity. 15. Transa¢tions with Trustees There were len Trustees on the board during the year who received total expenses of £nil {2020'. £nill in the period as reimbursement of the ¢o$ts of travelling to meetings. Trustee remuneration is disclosed in Note 8. Insurance to indemnify the Trustees against default on their part is included as part of the overall insurance package purchased by the charty and the cost is not separately identifiable. Limits can be identified as follows.. -Truslee Indemnity 1,000.000 Professional Risks £5000,000. 16. Capital Commitments and Operating leases On 23rd March2020 the company entered a contract relating to the major refurbishment of ils premises at 321 High Street. The work has now been completed and final stsge payment is due in January 2022. Capitsl commitments contracted ft)r but not provided in these financial statements amount to £10,000. At 31 March 2021, the charitable company had future minimum lease payments under non cancelable operatin9 leases as follows: 2021 Office Equipment 2020 Office Equipment Operating leases which expire.. Vmthin one year Within two to five years After more than five years 9,336 2,817 9.654 12,153 12.153 21,807
Kaleid05cope Plus Group Co Nts." 04660523 Registered Charity No." 1096473 Year ended 31 March 2021 NOTES TO THE FINANCIAL STATEMENTS (continugdl 17. Related Partles Net Income and payments made to and from other Related Parties during 2021 amunted to £58,311. Other related parties were specifically GMS Security Service nel income received £13,818. Yogurt Top Marketing nel payment £43,227. and Kidderminsler Harriers net payment £13,749 ofwhich the companies are owned by of the Trustees appointed lo the Board.in 2019. Oulstsnding balances at the end of the year owed lo GMS £42 {2020 £5411. Yogurt Top Marketing £2,367 {2020 nil) 18. Pensions and other post-retlrement benefits The charity operates a defined contribution plan for ils employees. The amount recognised as an expense in the period was £59,705 {2020 £73.1381. No pension contributlons were outstanding al the yearend 12020 nil)