Kaleidoscope Plus Group C(> No.. 04660523 Registered Charity No.. 1096473 Year ended 31 Marth 2022 Kaleidoscope Plus Group Trustees, Report and Financial Statements For the Year Ended 31 March 2022 Company Number 04660523 Registered Charity Number: 1096473
Kakidoscope Plus Group Co No.. 04680523 Regislered Charty No.. 1096473 Year eThYed 31 March 2022 CONTENTS PAGES REFERENCE & ADMINISTRATION INFORMATION TRUSTEES, ANNUAL REPORT 4-13 STATEMENT OF TRUSTEES, RESPONSIBILITIES 14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS 15-18 STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an income and expendiluie accounti 19 BALANCE SHEET 20 STATEMENT OF CASHFLOWS 21 ACCOUNTING POLICIES 22-24 NOTES TO THE FINANCIAL STATEMENTS 25-34
Kaleidoscope Plu5 Group Co No." 04660523 Registered Charity No.. 1096473 Year ended 31 March 2022 REFERENCE & ADMINISTRATION INFORMATION Charity Name: Kaleidoscope Plus Group Register Charity No 1096473 Règistered Company No 04660523 Registered Office 321 High Street Wesl Bromwich Wesl hAidlands 870 8LU Auditor Mazars 2 Chamberlain Square Birmingham 83 3AX Maln Bankers Unity Trust Bank plc Nine Brindley P18¢e Birmingham B1 2HB Investment Managers Quilter Cheviot Two Snow hill Birmingham B4 6GA Chief Executive and Company Socretary Monica Shalaq Executive Officers Cashain David - Director of Operations (left 13 April 20221 Alison Francis- Director of Finance & Resources Gary Wheway- Head of Fundraising and Business Development Veronica Leigh-Hanson-Head of People and Culture
Kaleidoscope Plus Group Co No.. 04660523 Régistered Charity No.. 1096473 Year ended 31 March 2022 TRUSTEES. ANNUAL REPORT forthe year ended 31 March 2022 The Trustees present their report and accounts for the year ended 31 March 2022. 1. Structurg Governance and Management Board of Trustees The Trustees of the charitable company, who are directors for the purpose of company law. who served during the year and up to the date of this report are sel out as follows. Monica Shafaq Christopher Mills Ichairl Faye Hingley (Vice Chair) Surrinder Bains David Saunders {resigned 28 June 20221 Neil Male Mlchael Mclean Fergal Dowling (resigned 28 July 20211 Matthew Flint (resigned 8 November 20211 Douglas Brown (appointed 5 May 20211 Duncan Jones lappointed 5 May 20211 Anupama Gibson (appointed 5 May 20211 David Rogers (appointed 30 September 20211 (Chair Finance Audit and Risk Committee) James McKeever {appointed 10 November 20211 Trustee Trustee Trustee Trustee Trustee Trustee Trustee Tiustee Trustee Trustee Trustee Trustee Trustee Trustee The Kaleidoscope Plus Group IKPGI is a voluntary organisalion consliluled as a registered charity Icharity giStratIon number 1096473} and a company limited by guarantee (company registration number 046605231, registered, and incorporated in England and Wales. It is governed by its Articles of Assccialion. The principal office of the charity is 321 High Street, West Btomwich, B70 8LU. OBJECTIVES AND ACTIVITIES The objects of The Kaleidoscope P5us Group are.. To promote and support better health and wellbeing across ourarea of operation... OurAlms: Recovery To deliver high quality and appropriate ServIS for people who experience ill health, promoting recovery, independence. and integration at all times. Inclusion To facilitate and support community integration and participation for people with health problems. Awareness To raise awareness of health issues across the communities we serve. to challenge stigma associated with mental illness,. lo promote and support positive health and wellbeing across communities. The Kaleidoscope Plus GroLtp's Core Values are as follows= Quallty We are commilled lo achieving and maintaining appropriate stsndards for the organisation and its services. and to building, supporting, and maintaining a skilled, high-quality Workfor to ensure excellent servi¢e delivery and governance.
Kaleidoscope Plus Group Co No." 04660523 Registered Charity No.. 1096473 Yèar ended 31 March 2022 TRUSTEES. ANNUAL REPORT (continued A¢cess and Equality Our ¢ommilment to equality is reflected in our policies, practices, and services. This commitment goes beyond our ethos to promote equality and challenge discrimination. 11 involves an a¢tive commitment lo identifying areas where inequality of access lo health services and support exists for diverse communities and to develop structures lo address them wherever Possible. Contlnuous lrnprovement and Development We will carry out slruclured and regular review of the organisation and ts services, their quality. and their impact in order to inform and influence development. We will build skills and seek resources to implement new servi¢es andlor facilities in response to identrfied need. Partnership We are accountable lo all our stskeholders and are committed lo maklng sure the views and needs of our service user5, funders and other partners are listened lo. We will work with service providers and policy makers to have influence into the development tsf services and strategie5 which impact the communikn"e5 we exist lo serve. Sustainability We have a responsibility to our service users and the Communities in which they live to ensure that the service5 we develop, and deliver are sustainable, and lo ensure that resources are responsibly managed and allocated. Trustee and Directors Induction and Training The Kaleidoscope Plus Group Non-Execulive Directors come from varied backgrounds and expertise, ranging from clinical. marketing, business, customer satisfaction, finance and risk. Five new rnembers were recruited lo the board during the period following a review of the ski115 needed to support the business an. Each Non-Execulive Dire¢tor is required to undertake a slruclured 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 ¢opy of the constitution, current business plan and policies relating to confidenlialrty, safeguarding, terms of reference and our code of conduct amongst other overarching govemance related information. Throughout the year, all Trustees are given regular training in key issues arising thich are pertinent to the charrty and their duties and responsibilities as trustees. Thi5 ha5 also now been supplemented with an online portal for them lo access in their own time. As with members of 51aff, board members are required lo undertake mandatory training elements and completion rates are recorded and monbtored. They also receive training in Mental Health First Ald for which we have accredited trainers. The pandemi¢ has had an impact on the Charity's existing Business Plan which njns until the end of Mareh 2023 and so. at the annual away day during the year, the board have Considered what has worked well, what might need to be revised going forwards and also reassessed key risks. This has resulted in a new way ol identifying, scoring and monitoring risk which indudes the introduction of an online portal. The Leadership Team are working towards implementing the portal $0 that it is fulty functional and ulillzed by the end of the financial year. All Trustees are encouraged to involve themselves in area5 of particular interest to them through close involvement with the management, staff, and users of the charity's services. This helps Ttustees lo develop the overall strategic diTeclion and does not detract from the Trustee's primary responsibilities to the charty. All Trustees give their time freely and no Iruslee except for the Chief Executive Monica Shafaq received remuneration in the year.
Kaleidos¢ope Plu5 Group Co No.. 04660523 Re9iStered Charity No.. 1096473 Year ended 31 March 2022 TRUSTEES. ANNUAL REPORT Icontinuedl Organisational Structure The Kaleidoscope Plvs Group is a volunlary organisation constotuled as a registered charity Icharily registration number 1096473 and a company limited by guarantee l¢ompany registration number 046605231 governed by adopted Articles of As50cialion. 11 is governed by a committee of voluntary Tru5tee5 Ilhe Board} who are a150 directors of the company. The Trustees elect officers al the Annual General Meeting including a Chaif 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 responsibilty for ensuring that the charity has appropriate systems of control, rinancial and otheiSe. The systems of internal control are designed lo provide reasonable. 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 indicalois and bench-marking reviews. delegation of authority and segregation of dulles. idenlif1cation and management of risk5. In addition lo the AGM, the Board meets a minimum offourlimes a year. There is also a Finance & General Purposes Committee which meets 'virtually' ensuring all board members can participate. 202212023 will see a change in the committee slrucluie as we wll introduce a Finance, Audit and Risk Committee as well as a Romuneration Committee. Responsibility for strategy, planning and the day-l(Trday management of operations Is delegated to the Leadership Team led by the Chief Executive, who also acts as Company Secretary. Fomial reporting by the Chief Executive lo the Twstees takes place regularfy throughout the year as well as through regular one to one meetings beeen the Chair and Chief Executive. The committee meeting protocol continues lo be updated lo ensure that there is a regular review of key issues. such as investment, risk management. performance data and reguialory monitoring. The charity currently employs 72 Staff Pay Pollcy The charty removed its pay structures in 2015 and for rnany years did not review this due to financial constraints. A comprehensive review of the salary structure look place in 201912020 and the board made a commitment lo bringing all members of staff to market rale over the nexl three years. 2022 sees the final phase of this being implemented. Work has also been undertaken to review how the charity can VIeW ils pay slwclure to make it more competitive and avoid falling behind In the futu.
Kaleidoscope Plus Group Co No. 04660523 Regk%tsred Charity No.. 1096473 Year ended 31 March 2022 TRUSTEES. ANNUAL REPORT (continued) Risk Management A fiJrther review of rlsk was undertaken and the Iruslees have changed the way in which these are struetured and monthred introducing 8 overarching strategic risks which include.. 11 The Charity's financial sustainability is threatened 21 Ability to adapt in response lo changes in the extemal environment 31 Failure lo effectively respond lo an incident I disruptlon 41 Inability to recruit and relain staff 51 Ineffective information governance framework (data breach I cyber) 61 Failure of KPG'S safety arrangements 71 Failure lo adhere to regulatory and legislative requirements ICQC l Heatth & Safetyl 81 Safe9uarding A new system lo rale and monitor risks is being implemented with the view of being fully fun¢lional by March 2023. The existing system is being used until this time which highlights 32 risks in total. A traffic light system is used to rale them. Risks scoring between 15- 24 (based on likelihood and impacll are rated as red. Those scoring beeen 8 -14 are rated amber and risks s¢oring below 7 are rated as Green. The charity's hi9hest risk factor is the possibility that commissloned contracts could end without replacement, however we recognise that this is a risk which is unlikely lo 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 Rlsk Descrlptlo Tilgger Vulnerablllty mIttgaOn Systom8lControl Government Polity changes reduce the Chan9es 1 govetnmenl 1¢¥ for non-regislered care are announced The majority of KPG servlce dellvery is public seNice conlracl delivery for non- reglsteFed care. En5ur8 KPG ke6p5 up to dale with govemment policy. Fundr815ing Strate Develop warfnetships and onsoriiums wilh other similar organi5alions, Review posslbllll*S of economies of s¢aiÈ Revièw txp&ndilur& Sireams to eTh5ure VFM is Sl111 achieved. Increase revenuelhroug allemats.ve irKorne slreams Review whelherlhis area of seNice is something KPG wishes to remain delivering Review possibilit$ of economies of sca Rèview expenthlure streams to ensure VFM is availab for non- registered health care an¢J servlc6 delivery by Thlrd Sector organisation5. Governrnenl Poli chanoes reduce the level of fvnding available for reoislered residential mental health 5eNtr delivery by ThKd Seclor or Adverse pUty appears in Ihe media. Changes in govemmenl PDILY for re9i51ered residential care are announced KPG operates one Registered Care Home which makes hesllhy conlribjlion lo income Ensure KPG keep t¥) lo dale Wilh government policy, Ensure KPG keep5 lo dale with CQC requirements arid standards Adverse publcity appears regardlno an KPG clientor s8rYlce The rewlation of KPG coukl be damaged soal Mpdia PO[Y Crisis Medla Process uerSnd coniracbjal requ1ments and iargas ol all commlssloned ser¥Kes FuDdra15ing Strategy Inveslmenl PoK¢y Franchise Modpl Bid and lender sub&10n5 Ensura 4uallty seFvlces al all times. Ensure adequately experienced and traSned $13ff are employed to deliver ser¥e coniracts ¢ri51s Meilia outsourced 10 5clai1$t The Gharity's Conlracls end and not plaCed Ih the exception of the Reglstered Care Home. the contract seryKes a relativety short term. Conlinualty rnDnitor exp2ndilure and project forecasts Develop a diverse portFolio ofseTvices Ihre81ened
Kaleid05cope PILB Group Co No." 04660523 Re9iStered Charity No.. 1096473 Year ended 31 March 2022 Rl$k D06¢rlptlon Tilggor Vulnerdblllty System8lControl Use hvJh profile medpa channe15 lo help raise the profile of KPG Ensure Ihe relev3nl bid wribng skllls are deploy lo pul logelherlhe bids lo relain serys Ensure 8dequ8le lime to develo Maintain regularconlaGI With inveslmenl advis(5 Board reNe 6 montNy review5 Regularfy reviewolher possible investment opportunities loensure the most appropriale way5 are being m8ximlsed Review Ihe Investment Management team to ensure they are imementing appropriatè investments Diversify seNe delivery Ensure Setvice User involveFnent in deveknping new proie¢ls Wvsen the ueooBphi¢al aa of service availaknlity and delivery from bcality areas lo national aa$ AdvKe on Treasury expose5 Ihe charity lo unfie$sary risk Treasury Inveslmen15 are overexposed to risk of eilherunder- rforming or10ss of principle Investment Inveslment Strategy Project Funding streams cease and not replaTrd Funding cessation notifallOnS are served by Comml8sDr KPG acti¥ty is heavily reliant upon nlracl funding from CoMmsnerS to delNerprojeGts Fundra151ng 51ralegy Regulardialogue with commi551015 Submissw)n of bids and tende Unaulhorised or There is ftaud and I orrnisapwoprialv)n of funds. Fund5 are losl Robu51 flnan reporting and monilonng systems Independert audit of controLs Ensure no offirIS expD5ed lo the risk of fraud Ensu adeouaie procedures and processe& art in plattè CaFryouI reOLlar¢heths en proce58eg C8iryouI regular¢heGks on high risk areas SLKh as cash Reduce t¢ leve15 of cash handling to a minimum. Intr0dLe nonoa5h method5 Qf ment Revlew and rewise Invesknent Porttolio Strategy Ensure Investment Mandate remains current and reflec15 current gisiered Trusiaes Regular review5 cain8d out wilh In¥eslmenl Portfolio M8nager Ensure the inves1ml porifolio managerdoes not become complacent by regularty reviewng with olherchariiy porfolK) man3 ers experrtlilure occurs Current Inveslmenl Portfolio 15 not Inadequale Invostmenl Strategy lovestrnenl Porifolio does not generale adequale funding In¥esthiÈni strategy investm2nls effe¢iNe
Kald¢$cOpe Plus Group Co No.. 04660523 Reg15tered Charty No.. 1096473 Year ended 31 Mah 2022 Rlsk Descrlptlon Trlgger Vulnerablllty Mi14qatlon System$lCoThtrol There is little or no Iversiflcalion in terms of bu51ness development and I or dwersifuiion of serv& delw&ry New and divetse siness areas ar& noi souohl Kaleidoscope Plus Group is not 81 the forefront ol key partner business devek)pmeni and Business Plan 12 month athon plan appended to the Business Plan lo maintain frtus and enable effeGINe monitoring Submission of Suitab lender¥ and bKIs Ensure KPG are althe f(Kefronl of 'akernabve' serviTr defkvery KPG premises are subject lo unauihorlsed access resulling in property theft A break In Occurs at one ofthe 0fe$ Loss of office space. insecure premises and insecurity of staff10 wtsh 10 Wotk from Iheiè Adequate securfty systems a monitoring on place that Is revlewed on reguLqr basi5 by a spaclallst provider Ensure Ihere is 3'1od(ing up. procedure in place and adhered lo al all times Ensure adequate insurance against the Trsk Ime[ent a general Business Conlinuily Plan Enli%1 support of a key- hdding company Have Suitab secur 5y51ems in place lalartnlCCTVI elc Ensure a tydical mainlenarrte pmyramme is in pla* which keeps up wllh the repaiis and mainlellance KPG premises are subject lo a major incident such as fire. fiood. bomb threat etc A major incKJenl occuts ai an KPG property Unable to delNer eonlracled and selt- funded 5eN • Adequate Busine55 Continuity rjan. Ensure ade4uats iU[anCe aoain8lthe risk How Our Activities Deliver Public Benefit The Trustees have referred to the Charity Commission's general guidance on public benefit and feel that the existing aims and values meetthe requirement sel out for srnall charities. A reviewof the mission aims. and CO values ha5 been undertaken and It is fell that they remain relevant lo the charity's purposes. Mental Health covers a wide spectrum of illnesses from psychotic disorders such as bipolar th.rough to the more common conditions such as anxiety and dePsSion. Around one in four people have suffered from a mental illness or are 8s50¢18ted wth someone who has and the annual cost of mental health problems in England is estimated al £77 billion. The charity, along with many other mental health setvice providers believe that there will be a mental health crisis when the aftemalh of the pandemic is truly known. Each day 15 people in the UK will take their own lives with someone dying by sulcide every 2 hours. A total of 2,038 adults wll be admitted to hospitals in England and the will be around five million inpalienl days per year. There wll be 912 delenlitsns under the Mental Health Act 1983 of which around 385 will be voluntary admissions. Every year, 33 million prescriptions for anli-depTessan15 are written in England and 16 million for sleeping pills, anti-anxiety drugs or Iranquillisefs. Mental health illness does not discriminate., il impacts people of all ages and economic backgrounds. Some illnesses are clinically diagnosed whereas others are notwhich makes it difficult to determine the number ol people requiring mental health service provision. At The Kaleidoscope Plus Group, equal access to all our Services is of paramount importance. We monitor our perforrnance against both conlraclual and se¢tor expectations across a11 service areas lo ensure that effective services are implemented.. any gaps are easily identified and work with a wide range of
Kaleidoscope Plus Group Co No." 04660523 Registered Charity No.. 1096473 Year ended 31 March 2022 Cornmissioners to develop appropriate interventions. During the year we have also introduced several digitsl activitS through which the wider public can engage and receive support. We believe that equal access lo our services is vital lo our success and that successful oijlcomes musl be shared by all sections ol the comfflunity. Our main aclivi(ies for the year Continued lo 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 Residential Care for 14 people structured lo comprise a 10-bed unil wlh 4 one-bedroom flats in West Bromwieh. The staff team provide care and support 24 hours a day. The home ¢aters both for people who have a long-lerm need for such a setting, as well as for some who wish lo develop their independent living skills prior to moving on. In addition, there are four one-bedroom flats attached lo this scheme where the residents receive support from the care home staff to facilitate a greater degree of long-term independent living. Wilhoul such a service, local people suffering from mental health illness would not be able to gain the support and confidence lo live fulfilling and independent lives. ILS These are two individual shared properties a¢¢ommodaling 4 individuals who have bene in long term inslitulionalised ca. They are enabled to live independently in the community with 2417 on sile supporL SORT Scheme A Floating Support scheme which supports 100 Pe¢e. Those who receive support have mental health issues and challenges and the SORT scheme helps them maintain independent living in their own homes. Sanctuary Hub Thi$ Is for people living in Sandwell feel that they may be reaching crisis point and need immediate Support. The purpose of the Service 15 to prevent individuals from presenting at A&E which is both Ineffective for the needs and causes delays. The service is open from 6pm- 11pm, Monday lo Friday And 12 noon- 11 pm at weekend. The service is available all year round. Community Offer A source of support for people in West Bromwich prtsviding general advice. guidance and advo¢acy for people who may be suffering with thei¥ emotional health. Counselling with Kaleidoscope This service is funded through the tharily's reserves and provides counselling in various modalities to anyone who may need it. The SeiCe is chargeable and operates on a means le5ted basis lo ensure that is affordable and provides equal access lo those on low income. 1115 delivered face to face and online and is available lo anyone in the country. Suicide Bereavement Support (Black Country and Warwlckshirel This servtce offers support to those who have been bereaved by suiude in Warwickshire and The Black Country. Primary Mental Health Workers The PMHWteam work with children and young people, families, carers, and professionals providing support where there are emotional or mental health concems in relation to the young person.
Kaleid05cope P1u$ Group Co No.. 04660523 Registered Charity No." 1096473 Year end 31 March 2022 Suicide Prevention Text Line In October 2019. the charity was finally able lo launch ils much-anlicipated suicide prevention text line service in partnership with SHOUT. This national service is available to 2417 to anyone in the UK and can be a¢ces5ed free of charge. Trained crisis volunteers help those who contact the service lo slay safe and provide 9uidance on services availaNe to support them. During the last six months of the financial year. the service saw a 150% increase in the number of lexters. Talk2U5 Thi$ service was set 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 a¢cessed by phone or via our website and is available lo anyone in the county. Awareness Raising and Publicity Durfng the year, The Kaleidoscope Plus Group worked across the communities ol the Black Country and beyond to raise awareness. challenge stigma. contribute lo local policy and servi¢e development, and ensure that services are equally available and accessible to all members of the community. The organisalion worked in partnerships throughout the year lo ensure that various campaigns su¢h 8S 'Time to Change, and National Mental Health week are all promoted. The annual Charity Gala Ball did not lake place however due to the pandemic. Tralning The charity provide5 an internal training service to all stsff. in particular those staff who are in the forefront of the OT9anisation's work, particularly in Care, Support & Community Services. Intemal trainin9 offers a service which ensures our staff are well versed in the full range of legislative and specialist th0edge relevant lo their area of work lo enable them lo provide competent services ol a high stsndard. The charity also provides extemal training including Mental Heaf(h First Aid, Applied Suicide Intervention Skills Training and a bespoke mental health and wellbeing training packages lo a range of businesses, partners and individuals. There are several stsff 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 relatin9 to mental health and the range of self-help issues is also provided. Fundraising Fundraising has become an important focus for the ¢harty over recent years and the charity is eady on in its journey of devising a foimal 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 threethyear business plan 2020-2023. Last year the charity $truCtured il's inlemal team to ensure fundraising is priori115ed. The posits.on of Head of Business Development and Fundraising was inlrodu¢ed in April 2021, and a Fundraising Officer Post will be introduced in 2022. FINANCIAL REVIEW The Trustees note that overall, the financial performance for the year has been positive and this is demonslraled in the results. The Charity's operating income of £2,459.86412021.. £2,142,910) exceeded its total operating expenditure before gains on investments by £63,92312021 £81.793 lossl. Net income after gains from investments was £98,59212021 £26,151) The increase in income is mainly due to a new contract mDbilised at the start of the financial year. In addition, the charity also won new business for smaller projects throughout the year. The business slralegies for income diversification and revenue growth are included Iri the Charity's three- year business plan. Ro$orves and Investmgnt We hold unre$lricted general reserves to provide cover for unexpected changes in income and expenditure, allowing us to continue key aclivf(ies in the event of.. A temporary loss of income. giving time to adjust the business model or source alternative income streams.
Kaleidtsscope Plus Group Co No". 04660523 Regi518red Charity No." 1096473 Y8ar &[8d 31 March 2022 Manage short term financial commitments the Charity is exposed lo in the event of lo$$ of in¢ome. Unrestricted reserves are those funds which are not commiited lo Specif proje¢ts or sel aside for future use. The Trustees aim lo ensure that unrestricted reserves are maintained at a minÉmum level of £1,100,00. This is based on a review in May 21 of the reliability of the charity's income streams, and the extent to which expenditure is committed, as well as the major risks to which the Charity is exposed. Trustees have set a target level of reserves at £1,500,000. Al the end of the financial year the reserve level exceeds the target with the unrestricted reserves being £1,708,97212021". £1,426.0471. Investments Quilter Cheviol manage the portfolio of equity and fixed interest investments in accordance with Iheirethical investment and medium risk policy, they report on a regular basis If) the Board of Trustees. The ethical restrictions apply. and we manage the portfolio within the agreed asset 8llo¢ation bandings, and report on a regular basis to the Board of Trustees. The latest agreed bandings were. Fixed Interest UK Equities Overseas Equities Alternatives 20 to 40% 20 10 35% 25 10 35% oto250 TRUSTEES. ANNUAL REPORT Icontinu8d} KPG Investments are benchmarked against the MSCI WMA Priv81¢ 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 2022, we've outperftsrmed over 12 months despite a weaker 1st Quarter in 2021. Longer term also, we remain comfortably ahead of ARC over 5 years. 30109121 )1103122 31103121 31103122 i1103122 Kaleidoscope QC portfolio -3.31Vo -0.11% 7.05% ARC Sierling Ba12nted Asse¢ -3.36Wo -1.16% 3.460/0 MSCI WMA Pl Income 6.08% Futurè Operations The Kaleidoscope Plus Group Is contlnulng a process of an on-golng servlce review to ensure that levance 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 Slaffordshire, Stoke on Trent, and Bedfordshire. The current cost Df living crisis is likely to have an impact, on the charity and ils staff and as set out In the charities three-year strategic plan the trustees and leadership are seeking ways to ensure income generation and diversrficalion remain a focus. Despite the upcoming challenges, throughout the year 2021- 22 contractual largels and relationships ¥Mlh commissioners remalned strong with commissioned inwme continuing and additional funding streams confirmed therefore not materially affecting the Kaleidoscope Plus Group which remains to be a going concern.
Kaleidoscope Plus Group Co No.. 04660523 Registered Chanty No.. 1096473 Year eThded 31 March 2022 Di$closure of Information to auditors In so far as the directors are aware. there 15 no relevarrt audit infomialion of which the charitable Company's auditor Is unaware., and the trustees have taken all the steps that they ought to have taken in order lo make themselves awa of any relevant audrt information and to establish that the charitable company's auditor is aware of that information. Auditors Mazars, will be proposed for re8ppointment in accordance th section 485 of the Companles Act 2006. Small Company Provisions The Trustees, report has been prepared in accordance with the provisions applicable to small corrpanie$ under the Companies Act 2006. This pOrt was approved by the Executive Committee on 12.10.22 and signed on ils behalf by; Christopher Mills Chairman
Kaleidoscope Plus Group Co No." 04660523 RIStered Charity No.. 1096473 Year ended 31 March 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES Statement of trusteas. rg$ponsibiliti8s The trustees (who are also directors of Kaleidoscope Plus Group for the purpose of company law} are responsible for preparing the Trustees, Annual Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢countSng Practi¢el. Company law requires the trustees to prepare financial statements for each financial year whi¢h give a true and fair view of the slate of affairs of the charitable company and the group and of the incoming resources and application of resources. including the income and expenditure of the charitable company for that year. In preparing these financial statements, the trustees are required lo.. a) Select suitable accounting policies and then apply them consistently. b} observe the methods and principles in the Charities SORP FRS 102}. cl make judgments and e51imales th81 are reasonable and prudent. dl state whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the financial stslem¢nl$. el prepare the financial slalemenls on the going concern basis unless it is inappropriate to Presume that the charltable company w(11 conllnue in operab'on. The trustees are responsible for keeping adequate ac¢ounling re¢ords which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Gomp8nles Act 2006. They are also responsible for safeguarding the asse15 of the ¢haritable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the malnlenance and integrity of the corporate and financial information in¢luded on the Charitable company's website. Legislation in the United Kingdom governing the prepaialion and dissemination of the financial statements may diffe¥ from legislation in other jurisdictions.
Kald¢$Cop? Plus Group Co No." 04660523 Registerèd Charity No.. 1096473 Year ended 31 March 2022 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP Opinlon We have audited the financial stslemenls of The Kaleidoscope Plu5 Group Ilhe 'charity'l for the year enlled 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes lo the financial statements. including a summary of significant accounting ptslicies. The financial reporting framework that has been applied in their preparation is applicable law and United lfjngdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the finala1 slalements.. give a true and lair view of Ihe slate of the charity's affairs as al 31st March 2022 and of its income and expenditure for the year then ended", have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requiremen15 of the Companies Act 2Th)6. Basis for opinion We conducted our audit in accor(Sance with Inlernatlonal Standards on Auditing (UK} {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section tsf 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 Elhi¢al 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 our oplnion. Conclusions relating to going COern In auditing the financial ststements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial ststements 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 doubt on Ihe group's and the parent ¢harity's ability lo continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilf(ies and the responsibilities of the trustees wlh respect lo going concem are described in the relevant sections of this pOrt. Other information The other infomalion comprises the information included in the Annual Report. other than the financkgl statements and our auditor's report thereon. The Iruslees are responsible for the other information. Our opinion on the financial statements does not Cover the other information and, except to the extent otherwise explicitly staled in our report. we do not express any fomi of assurance conclusion Ihereon.
Kaleidoscope Plus Group Co No". 04660523 Registered Charty No.. 1096473 Year èndad 31 March 2022 In connection with our audit of the financial stalemenls, our responsibility is to read the other infom)alion and, in doing $0, Consider whether the other information is materially inconsistent with the financial slalements, or our knowledge obtained in the course of the audit, or otherwise appears to be rnalerially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether there is a material misslalemenl in the financial statements or a material misslalement of the other infomialion. If. based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken In the course of the audit.. the information given in the Tru51ee$' Report which includes the Directors, Report prepared for the purposes of company law, for the financial year for which the financial statements 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 lo report by exception In light of the knowledge and understanding of the group and the parent charity and their environment obtained in the course of the audf(, we have not identified material misstalemenls in the Trustees, Report. We have nothing lo rewjrt in respect of the following matters in relation lo which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate and proper accounting re¢ords have not been kept, or returns adequate for our audit have not been received frorn branches not visited by us., or the financial slalemenls are not in agreement wlh the accounting records and returns., OT certain disclosures of trustees, remuneration specified by law a not made., or we have not received all the information and explanations we require for our audit. the trustees were not enliued lo prepaTe the financial statements in accordance wlth the small companies regime and take advantage of the small companies, exemption in preparing the Trustees. Report and from the requirement to prepare a Strategic Report. Responsibilities of Trustees As explained more fully in the Iruslees, responsibilities ststement set out on page 14. the Iruslees Iwhf) are also the directors of the charitable company for the purposes of company lawl 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstslement, whether due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charity's abllity lo continue as a going concern, disclosing, as appli¢able, matters related to going concern and using the going ¢oncern basis of accounting unless the trustees either intend to liquidate the ¢harily or to cease operations, or have no realistic alteinalive but to do so.
Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No." 1096473 Year ended 31 March 2022 Auditor's responsibilities for the audit of the financial statements Our objectlves are to obtain reasonable assurance about vh)elher the flnancial statements as a whole are free from rnalerial rnisstalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assuranee is a high level of assuran¢e bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will always dele¢t a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expe¢ted to influence the economic decisions of users tsken on the basis of the financial 51aternenls. Irregularities, including fraud, a inslan¢e$ of non-cornpliance wlh laws and regulations. We design procedures in line wf(h our responsibilities, outlined above, lo delect material mi5Stalements in respect of irregularities. including fraud. Based on our understanding of the charity and ils a¢tivilies, we identified that the principal risks of non-compliance with laws and regulations related to employment regulation, fraud, and non-compliance with implementslion of govemmenl support schemes relating to COVID-19, and we considered the extent lo which non-¢omplian¢e rnighl have a material effect on the financial statements, We also considered those laws and gulationS that have a direct impact on the preparation of the financlal stslemen15, 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 rÉsks We related lo posting manual journal entries lo manipulate financial performance. inappropriately shith'ng the timing and basis of revenue recognition, management bias through judgements and assumptions in Slgnificanl accounting estimates, in particular in relation to fund accounting, and significant one-off or unusual Iransaclions. Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations lirregulariliesl and fraud that are material Its the financial statements. Our audit procedures included bul were not Ilmiled lo.. Discussing with the trustees and management their policies and procedures regarding mplianCe with laws and regulations., Communicating identified laws and regulations throughout our engagement team and remainin9 alert to any indications of non-compliance throughout our audit; and Considering the risk of acts by the ¢harity which were contrary to applicable laws and regulations. including fraud. Our audit procedures in relation lo fraud included bul were not limited to.. Making enquiries of the Iru5tees and management on whether they had knowledge of any actual, suspected, or alleged fraud. Gaining an understanding of the internal controls estsblished lo mitigate risks related lo fraud. Discussing amongst the Èngagement team the risks of fraud.. and Addressing the risks of fraud through management override of Controls by performing journal entry lesling. There are inherent limilalion5 in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As wlth any audll,
Kaleidoscow Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Yeaf ended 31 March 2022 there remained a risk of non4eleclK)n of irregularities, as these may involve collusion, forgery. iritenlional omissions, misrepresentations. or the override of internal controls. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website at www.frc.org.ukJauditorsresponsibililies. This description forms part of our auditor's report. Use of the audit report This report is made solely to the charity's mernbers 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 stsle to the charity'$ members those matters we are requId lo slate to them in an auditor's report and for no glher 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. David Hoose Isenior Statutory Audilorl for and on behalf of Mazars LLP Chartered Accountants and Slalulory Auditor Fitsl Floor Two Chamberlain Square Bimiingham B3 3AX Nov 2, 2022
Kaleidoscope Plu5 Group Co No.. 04660523 RegL81ered Charity No.. 1096473 Year ended 31 March 2022 STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expenditure Account} for the yaar ènded 31 March 2022 Unrestricted Reslricled Funds Funds 2022 2022 Ttstsl Funds 2022 Total Funds 2021 Notes Income from Generated funds: Voluntsry income Donations A¢livVcies for generating funds Fundraising Investment income Bank interest Dividend income 34,210 2,425 36,635 24,729 13,998 5,153 19,151 20,361 1.513 18.071 1,513 18,071 602 16,830 Charitable activities Contract and ¢harges Residential Support Services Community services Training and other Income 725.655 304.3S4 1,050,595 88.479 725,655 304.354 30,185 1,080,780 110.808 199.287 719,484 340.601 901.123 119.179 Profrt on disposal of fixed assets 74,418 Total income and andowmènt$ 2.311,293 148.571 2.459.864 2,142,910 Expenditure on: Charitable activities Raising Funds Total expenditura 2.174.111 101,009 2.275.120 120,821 2.294,932 101.009 120,821 2.395,941 2,224,703 2,224,703 Net in¢omo for the year before othgr ra¢ogni$¢d gain$ and losses 36.173 27.750 63.923 181,7931 Other r8cognised gainsl{losses}I Realised gains on investments Unrealised gains on investments 11 11 4,905 29,764 4,905 29,764 9,110 98,833 Net income for the yoar 70,842 27,750 98,592 26.151 Fund balan¢e$ brought forward at 1 April Fund balanc0$ carried forward at 31 Mah 2 632 873 46,264 2.679 137 2,625,986 2,703.715 74,014 2,777,729 2.679,137
Kaleid05cope u$ Group Co No.. 04660523 Registered Charity No." 1096473 Year ended 31 March 2022 BALANCE SHEET AS AT 31 MARCH 2022 Notes 2022 2021 Flxed assets Intsngible assets Tangible assets Listed investments 10 11 12 23,853 759,163 731,918 8,164 1.048,610 683,479 1,514,934 1.740,253 Current assets Debtors.. due within one year Cash at bank and in hand 13 157.009 1.363,500 333,473 1,000,281 1.520.509 1,333.754 Creditors: amounts falling due within one year 14 1257,7141 {394,8691 Not currgnt a$s•ts 1.262,795 938.884 Total assats lès$ Current liabllltle$ 2.777,729 2,679,137 Total Funds 1S Designated fijnds Restrlcled funds General funds 994,743 74,014 1.708.972 1,207,185 46,264 1,426,047 Totsl funds 2.777.729 2.679,137 The financial 51alements are prepared in accordance with the provisions applicable lo companies subject to the small companies, regime. The financial slaternents were approved by the Trustees and authorised for issue on 12th October 2022 and signed on their behalf by.. C Mills TRUSTEES Shafaq 201
Kaleidoscope Plus Group Co No.. 04680523 Registered Charity No." 1096473 Year ended 31 March 2022 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2022 Nots$ 2022 2021 Cash flobvs from opgrating activities: Net cash provlded by operating activities Cash flomts from invosting activities: Purchase of property, plant, and equipment Proceeds from sale of property Purchase of investments 1.615 157,5671 365.000 {38,4931 58.860 1.513 18,071 134,1291 1,071,436 {443,771} 1170.1411 152,797 602 Proceeds from sale of investments Interest received Dividend inwme Increase in cash pla¢ed on deposit with manager5 Increase in cash placed on deposi( with bank Net cash from inv8stlng activities 16,830 758.181 443.683 Not dacroas& in cash and cash gquivalonts in the reporting riod 708 217 445,298 Cash and cash equivalents al the beginning of the year 1.000,281 1464 369 cash and cash equivalents at the end ofthè yèar 292,064 1019.071 2022 2021 Al Reconciliation of net in¢om¢ to net cash flowfrom operating actlvltl&s Surplus for the financial year Adjuslmenls for.. Depreciatson Amortisation ProfiVLoss on Sale of Property Plant and Equipment Decreasellincreasel in trade and other recebvables (Dec85e)[Increa5e in trade payables Interest received Dividend Income Realised gain on investments Unrealised {gainslA055es on investments 98,592 28,651 35.504 5.239 174.4181 176,464 1137,1551 11,513} 118,071} 14,9051 34,808 16.3761 66,677 16021 116,8301 19,1101 98,833 1,615 49.964 Cash and Cash Equivalents Cash, instant access and deposits less than 90day notice Longer term deposits Cash at bank and in hand 292,064 1.071,436 1,363,500 1,000,281 1,000.281
Kaleidoscope Plus Group Co No. 04660523 Registered Chaiity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS Ac¢<)unting policiès The main accounting policies adopted in the preparation of these accounts are.. Basis of accounting The charity conslitules a publK benefit enlily as defined by FRS 102. The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Pracllce applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and RepLJblic 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 practi. bl Going concern Kaleidoscope plu$ Group business activitie5. its current financial position. and factors likely to affect its future operations are all sel out in the Trustees report. The trustees consider that there a no material uncertainties about Kaleidoscope's ability lo continue as a going ¢oncern and there are no unplanned material uncertainties affecting the ¢urrenl year's accounts. The entity has adequate resources lo continue in operational existence for the fOSeeable future Key areas of management judgement and estimatlon uncertainty Vlthen preparing the financial stalemenls, management makes a number of judgements, estimates and assumptions about the recogniliori and rneasuremenl of assets. liabilities. income, and expenses. Management is of the opinion that are no key areas of managementjudgemenl or eslimalion uncertainly adopted within the financral stalemenls. d) Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other PUTposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes that do not contain l$gally binding reslriclions. Reslricled Funds a funds which are available for a specific use determined by the funder. Income Donations and are accounted for on a receivable basis. Income from fees charged for services are recognized on completion of the $etvices performed. Income where payments are linked to restrictions i.e.. performanco related. time elc. are recognised when the conditions have been met, it is probable that the inctsme will be received. and the income Can be measured reliabty Income on bank deposits is a¢¢ounted for on the accruals basis. Income from quoted investments is recognised al the dale the dividend is declared. Resources exnded Resources expended include all costs incurred and accrued as at the balance sheet dale. Support Costs. which include the central office functions such as general management, payroll administration. budgeting and accounting, care and support servi¢es management. nformation te¢hnology and human resources are allo¢aled across the categories of charitable expenditure, in proportion lo total direct spend in each aolivity.
Kalo$cOF Plus Group Co No." 04660523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS {continuedl Accounting policies {contsnued} Where costs cannot be directty attributed to particular headings, they have been allocated lo activities on a basis consistent rith the use of the resources. Costs of Chariiable actsvities comprlse all costs identified as wholly or mainly attributable to achieving the charitable objects of the charity, including the costs of disseminating Infomiation in support of charitable aclivilies. These costs include staff cos15, wholly or mainly allributable support costs and an apportionment of general overheads. Govemance costs comprise all costs identilied as wholly or mainly attrfbutable to ensuring public accountsbilty of the charity and its compliance th regulation. These c051s include extemal audit and Trustee costs. gi Flxed assets Intangible fixed assets are staled at cost jess amortvzation and con51sI entilY of software development costs. Amortization is provided a133.3% using the straight line method lo wrf(e off the cost of the intangible assets over their estimated useful life. Tangible fixed assets are staled at C05t less accumulated depreciation. Assets costing less than £500 are fully expensed in the year of purchase. Assets ¢r)sting above this amount are capilalised as tangible fixed assets. Land is not depreciated. Depreoialion is provided to write off the cost of tangible fixed assets over their estimated useful lives at the following annual rale$ using the straighl-line method". Buildings (excluding landl Property, Plant and Equipment IT Equipment Over SO years 20.0% 33.3% h) Glfts in klnd The value of the work done by volunteers is of slgnlficant value to Kaleidoscope Plu5 Group and to the people vtho use ils services. The work of volunteers is greauy appreciated, bul in accordance with the SORP no monetary value has been placed on their Conlribulion in the financial statements. Taxation No corporation lax has been provided in these accounts becausethe income ofthe Charty is within the exemptions granted by Sections 466 10 493 of the Corporalitsn Taxes Act 2010. i) Operatlng lease rentals Operating lease rentals are charged to the income and expendf(ure account on a stTaighl- line basis over the lease term. k} Investments Investments have been included al market value as at the bal8n¢e sheet date. Gains and 105se5 arising from the disposal of investments are calculated at net sales proceeds less carrying value. Unrealised gains and losses on the revaluation of investments are recognised in the gtstement ol financial activities.
Kaleidoscope Plus Group Co No.. 04680523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS Icontlnu&dl Accounting polieiÈ$ Icontinu•dl Pensions The charity operates a defined ¢onlributson scheme. The annual employers. pension contributions payable are charged to the Statement of Financial Activities. Financial Instruments The charity only has financTal assets and linancial liabilitie5 of a kind that qualify as basic financtal instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly measured at their settSement value. The charity only has financial assets measured at undiscounled amount receivable which comprise of rents, charges and housing benefit receivable and other debtors. The charity only has financial liabilities measured at undiscounted amount payable which ¢omprise ol rents, charges and housing benefit payable, other taxation and sts¢ial security and other creditors. Provlslons Prowsions are recognised when the charity has an obligation al the balance sheet date as a result of a past event, il is probable that an oufflow of economic benefits will be required In setdemenl and the amount can be reliabty eslimaled. Impaimients Asset5 measured 81 fair value are reviewed for any indication that the as5el may be impaired at each balance sheet dale. If such indication exists, the recoverable amount of an asset, or the asset's cash generating unil, Is estimated, and compared to the carrying amount. Where the carrying amount exceeds ils re¢overable amount, an impaimient loss s recognised In the Slalemenl of Financial Activities unless the asset is carried at revalued amount where the impairmenl105s is a revaluation decrease.
Kaleid05cope Plus Group Co No.. 04660523 Registered Charity No. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS l¢ontSnugdl Incoming resourcos by 50urcè 2022 2021 Government Grants Other Grants Residential and Intensive Support Contract Income Training Fees Counselling Fees and Other Income Investment Income 326,713 110,907 725.655 1,OS8,421 22.182 66.198 19,584 55.786 74.418 226,456 37,728 719,484 1,015,268 40,547 40.905 17.432 24.729 45.091 Chariiable donations and Fundraising Profil on Disposal of Land and Buildings 2,459.864 2,142.910 Investment Income 2022 2021 Dividend Income Interest on bank accounts and short-term deposits 18,071 1,513 16,829 602 19,584 17,431 4. Resources èxpended Charltable Activities Staff Costs Depre other ciatio Costs Totsl Total Unrestricted Restricted Total 2022 Total 2021 Support ¢o$tsl Residential & Intensive support 692,415 11.558 148.583 832.259 20,297 852.556 564,438 Community & Floating Support 551.336 16,292 81.755 617,118 32,265 649,383 626,054 Talking & Creative Therapies 484,344 7,044 72.876 513,093 51.171 564.264 888,034 Training 100,273 2,003 17,240 102,428 17,088 119,516 Awareness raislng & publicAty 18,227 1.543 33,405 53,175 53,175 74,277 Governance Inote 71 9,113 643 46.282 56,038 56.038 71,901 1,855,708 39,083 400.141 2.174,111 120,821 2.294.932 2.224,703 251
Kaleid05cope Plus Group Co No. 04660523 Regi5ter8d Charity No". 10W73 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS Icontinuedl S. Resour¢e$ expended Raising Funds Staff Costs Dèpre other ciatio Costs Iincludlny Support costs Totsl Total Unrestrlctsd Rastrictad Total 2022 Total 2021 Residential & Intensive support 72,948 1,660 26,401 101,009 101.009 72,948 1,660 26,401 101,009 101,009 Support costs Financel admin & gen&ral manage- ment Voluntear Total 2022 Total 2021 IT Residential & Intensive Support Community & Floating Support Talking & Creative Therapie5 Training Awareness raising & publicity Governance Raising Funds 181,260 144,932 115,418 22,609 22,609 11,304 14,384 11.501 9.159 1,794 1.794 897 1,346 40,875 7.376 203.020 126,662 5,898 162.331 153,332 4,697 129,274 920 25.323 243,142 920 25,323 12,471 460 12,662 690 18,992 12,471 576,924 571,995 515,089 20,961 Governance ¢o$t5 comprise 2022 2021 AppDrtionmenl of costs supports.ng governance actSvltSes Professional fees Trustee's c03ts Audit fees Other 9756 12,573 9,432 21.619 21,300 12,409 24.635 16,215 56,038 71,901 261
Kaleidoscope Plus Group Co No.. 04680523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS (continued} Net Income 2022 2021 Nel Income stated after ChargInCredlting'. GainlLoss on disposal of assets Auditor'5 remuneration Audit Other Depreciation Depreciation.. Building Amortisalion Operating Leases- Office Equipment 74,418 21.300 4.920 11,021 24,483 5.239 11.455 24,635 9,600 34,808 11,029 25,713 staff eosts 2022 2021 Wages and Salaries Employer's Social security costs Employer's Pension costs 1,630,282 142,738 1.459,579 122,471 59,705 1,840,305 44,680 1,641.755 78.335 Agency costs Recruitment ¢ost5 1.928.656 1,739.645 Staff Costs per function as follows". 2022 2021 Costs of generating charitable actNilies Management and administration 1,445,006 483.650 1.928.656 1,342,931 396,715 1.739,645 271
Kaleidoscope Plu$ Group Co No." 04660523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS {contlnuedl Trustees. an(i key management ptrsonnel remuneration One employee had employee benefits excluding employer pension costs in excess of £60,000 12021". Nill. During the year no leryninalion payments were made12021= Nill. During the year the organisation had five managers whose total key management personnel remuneration costs amounted lo £210,56012021 £170.6451. Pension contributions in respect of these individuals were £8.79812021 £6,724). One employee was a Trustee on the board. During their lime on the board, their emoluments were as follows.. 2022 2022 2022 2021 Basic 63,417 138 345 Pension TOTAL 66,580 143 980 TOTAL 63,397 107 248 Trustee Remuneration Key Management Personnel Total Key Management Personnel Remuneration 3163 201,762 8,798 210.560 170,645 The average number of lull-tsme equivalent employees excluding agency workers, analysed by function is.. 2022 Number 43 10 2021 Numbgr Direct charitable services Management and administration Raising Funds 12 55 56 Head Count 72 68 281
Kaleidoscope Plus Group Co No.. 046eO523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS l¢ontlnuedl 10. Intangibk Assets Softwarg D&vèlopm8nt Totsl Cost At 1 April 2021 Additions Distx)sals 10,476 20,929 10,476 20,929 Cost at 31 March 2022 31,405 Arnortisatlon At 1 April 2021 Charge for year Disposals 12,3131 15,2391 12.3131 15.2391 Depreclation at 31 March 2022 7,552 7.552 Net book amount at 31 March 2022 Nel book amount al 1 April 2021 23,8S3 23,853 8,164 8.164 11. Tanglble Assets Fixtu$ IT Equipment Freehold Land &Building5 Fittings Total Cost At 1 April 2021 Additions Disposals Cost at 31 March 2022 1,072.557 16,948 1306,061) 207,197 71,695 5,452 14,238 {189,3901 127,486) 1,351,449 36.638 522,937 783,444 23,259 58,447 865,150 Depreciatlon At 1 April 2021 Charge for year Disposals Depreciatlon at 31 March 2022 36,417 24,483 116,0911 199.221 67,200 4,129 6.891 1188.7781 {27,4851 302,838 35.S04 232 355 44,809 14.572 46.606 105 987 Net book amount at 31 March 2022 Nel book amount al 1 April 2021 738.635 8,687 11.841 759 163 1,036.140 7,976 4,494 1,048.611 291
Kald0$cope Pl Group Co No." 04660523 Registered Charity No.. 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS {continuedl 12. Investments 2022 2021 Opening Balance at 1 Aprti Addition5 al cost Realised gains on investments Unrealised gainsl on investrnents Disposals Market value at 31 March Cash Held on Deposit Total investments 664,696 38,493 4,905 29,764 158,8601 678,998 52,920 731.918 539,399 170,141 9.110 98.835 1152,7971 664,696 18.791 683,487 2022 2021 Market value at 31 March ¢ompTises'. Listed investments UK Overseas 330,991 348,007 52.920 339,776 324,912 18,791 Cash held on deposit 731,918 883,479 Historic cost value 31 March 631.553 612.476 Included within the porttolio are the following investments which comprise rnore than 5% of the market value of the portfolio,. Pèrcèntage of Portfolio Market Valu& 2022 HSBC ETFS PLC S&P 500 UCITS ETF UK IGOW OF) 0. 125VDIIL SNR 22111136 GBP 5.81°/0 6.03°/0 39.446 40,959 13. Dgbtors 2022 2021 Amounts falling due within onè year Trade Receivables Prepayments Ac¢wgd Income Other debtors 86.200 38.983 26,299 5.527 253.497 38.540 30,920 8,516 Total debtors 157.009 333,473 301
Kald0$cope Plus Group Co No.. 04660523 Registered Charity No." 1096473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl 14. Creditors 2022 2021 Amounts falling due within one year Trade Payable5 Other taxation and social securty Accruals Deferred income Other creditors 35,169 39.395 43.107 113.031 27.022 257.714 41,031 34.451 138,349 154,229 26.810 394,869 2022 2021 Defarrad Income: Brought fonr Released in year ReGeived Carried forward 154,229 11S4,2291 143,031 113,031 60.516 160.51el 154.229 154,229 Deferred Income comprises amounts received in advance for Contracted seryices which are due to be rendered in 2022123.
Kaleidoscope Plus Group Co No.. 04e60523 Registered Charity No. 16473 Y8ar ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS Icontinuedl 15. Analysis of net a55ets beton fund$ General Fund Restricted fund Deslgnatgd Totsl funds Fund balances at 31 March 2022 Are represènted by: Fixed assets Investments Current assets Current Liabilities 783,016 783,016 731,918 1,520,510 257715 2 777,729 731,918 1,234,769 257,715 1.708,972 74.014 211,727 General fund Rèstrlctsd Deslgnatsd fund Total funds Fund balances at 31 March 2021 Are represented by: Fixed assets Investments Current assets Current Liabilities 1,056.775 1,056.775 683,479 1,333,753 394,870 2679 137 683.479 11.137,0791 394,870 1.425,688 46.264 150.410 1 207 185 17. Statement on movement of funds Balance at start of year Balan¢• at end of year Incomlng Outgoing Investment Transfers Gains R•strictsd funds Unrestrictad Funds Designated fund General funds 46.264 148,571 1120.8211 74,014 1.207,185 1.425,688 2,679,137 74,41B 116,9481 2,236,875 12,258.1721 2,459,864 12,395,941) 1269,9121 994,743 269,912 1.708,972 0 2.777.729 34,669 34.669 Total Funds 321
KalO$COpe Plu5 Group Co No." 04660523 Registered Charity No.. 10g6473 Yèar ended 31 Mar¢h 2022 NOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl Designated funds represent the following.. Followng the sale of the land and building at 153 High Street Dartmouth Square. the Designated funds consist of £91,727 funds for refvrbishmenl and major repairs al Hope Place which is the office where the organizalion carries out its principal buslness aclivilies. Investrnent in affoidable cotjnselling. During 21122 tnil investment was required 12021 £57,964) leaving £120.000 The servlce wlll be review¢d each year for financial sustainability. The remainder of the designated fund5 of £783,01612021', £647,812) represent the net book value of the tangible fixed assets al the year end. Future depreciation wll be charged against the fund over the iemainder of the useful life of the fixed assets held. A transfer has been made between general funds and designated fvnds lo ensure carried fOnard funds equate lo the nel book value of tangible fixed assets held al the year end and the amount designated for the purchase and refurbishment of the new office. Restricted funds present the following.. o A specific carnpaign where funds were raised towards establishing a suicide helpline launched last year. Funds held at the end of the year £47,543 o Funds received towards suicide prevention work raised by Nick M. Funds held * the end of the year £17.818 o Funds received towards suicide prevention work. Funds held al the end of the year £2,025 Funds received for a Drama Therapy Group. Fund5 held al the end ol the year £2.292 Funds received to cover the purchase of IPADS for the SORT service £800 Funds received for Be CaliVe project £3.536 General Funds are to be used for any of the charitable aims of the charity. The use of general funds is not restricted lo any particular purpose of the charity. 18. Transactions with Trustees There were twelve Trustees on the board during the year who received total expenses of £nil (2021.. £nil) in the period as reimbursement of the costs of Iravelling to meetings. One Trustee in their capaclty as CEO received nil expenses. Trustee remuneration is disclosed in Note 8. Insurance lo indemnify the Trustees against defauf( on their part is in¢luded as part of the overall insurance package purchased by the charity and the cost is not separately identifiable. Limits can be identified as follows.. -Truslee Indemnity 1,000,000 Professional Risks £5.000,000. 19. Capital Commltments and Operating loa5es There were no capital commltments contracted for as at the end of March 202212021.. £10,000) At 31 March 2022, the charitable company had future minimum lease payments Under non cancelable operating leases as ft)Ilows'. 2022 Office Equipment 2021 Office Equipment Operating leaseg whi¢h expire". Within one year Within two to five years After more than fivo years 3,237 630 9.336 2,817 3,867 12,153
Kaleidoscope Plu5 Group Co No.. 046605 Registered Charity No.. 1W473 Year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS Icontinufrdl 20. Related Partle$ Net Income and payments made lo aftd from other Related Parties during 2022 amounted to £7,36412021.' £58,311). Other related parties were spe¢ifi¢ally GMS Security Service net income received £5,207. 12021". £13.8181, Yogurt Top Marketing net payment nil {2021'. £43,227). and Kidderminsler Harriers net income received £2,156 12021 nel payment.. £13,749) of which the companies are owned by tho oflhe Tru51ees appDinled lo the Board. Oulslanding balan¢es al the end of the year owed lo GMS NII 12021 £42), Yogurt Top Marketing Nil 12021 £2,367>. Kiddermlnsler Harriers Nil12021." Nil) 21. Pensions and other post-retirement benefits The charity operates a defined contribution plan for its employees. The amount recognised as an expense in the period was £67.286 12021 £59.7051. No pension conlribub'ons were outstsndin9 al the year-erKI 12021 nil) 341