Kaleidoscope Plus Group Co No. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 Kaleidoscope Plus Group Trustees, Report and Financial Statements For the Year Ended 31 March 2024 Company Number 04660523 Registered Charity Number: 1096473 Kaleidoscope Plus Group Co No: 04660523 Registsred Charity No.. 1096473 Year ended 31 March 2024 CONTENTS PAGES REFERENCE & ADMINISTRATION INFORMATION TRUSTEES'ANNUAL REPORT 4-11 STATEMENT OF TRUSTEES, RESPONSIBILITIES 12 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS 13-17 STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an income and expenditure account) 18 BALANCE SHEET 19 STATEMENT OF CASHFLOWS 20 ACCOUNTING POLICIES 21-24 NOTES TO THE FINANCIAL STATEMENTS 24-33 Kaleidoscop8 Plus Group Co No.. 04660523 Reglstsred CharTty No.. 1096473 Y8ar ended 31 Marth 2024 REFERENCE & ADMINISTRATION INFORMATION Charity Name: Kaleidoscope Plus Group Reglstered Charity No 1096473 Ragistered Company No 04660523 Register&d Offlce 321 High Street West Bromwich West Midlands B70 8LU Audrtor Bishop Fleming LLP 1- 3 College Yard Worcester WR12LB Maln Bankers Unily Trust Bank plc Nine Brindley Place Birmingham B12HB Inv8stment Managers Quilter Cheviot Two Snow hill Binningham B4 6GA Chlef Executive and Company Secretary Calum Nisbet Executive Offlcers Faye Brecknock Head of Operations Veronica Leigh-Hanson- Head of People and Culture {r8S1gned 16 October 2023) Louise Loveden Max Barr8tt H8ad of P80ple and Culture (appointed 09 January 2024) Alison Francis Head of Finance and Risk (appointed 25 Mach 20241 Director of Finance & R8sourc8 (resigned 19 December 2023) Kaleidoscope Plus Group Co No.. 04660523 Registered Charlty No.. 1096473 Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT for the year onded 31 March 2024 The Trustees present their report and accounts for the year 8nd8d 31 March 2024. 1. Structure Govgrnanc8 and Management Board of Trustees The Trust6e8 of the charitable company, who are directors forthe purpose ofcompany law, who served during the year and up to the dat8 of this report are set oul as follows: Neil Male (reslgned 17 November 2023) David Rogers {Chair) Surrinder Bains {resigned 25M July 2023) Chris Mills (resigned 27th July 2023) Michael Mclean Darr8n Harris (appointed 22nd March 2023) Douglas Brown (Vice Chair) Anupama Gibson Faye Hingl8y Jame6 McK86ver (resigned (9th May 2023) Callum Russ811 (appointed 22nd June 2023) Jayn8 Holliday {appointed 23rd June 2023) Lisa Nicholson (appoint8d 23rd June 2023) The Kaleidoscope Plus Group (KPGI is a voluntary organisation constituted a8 a registered charity (charity r8gistration number 1096473} and a company limited by guarantee (company registration number 046605231, registered, and incorporated in England and Wales. It is governed by ils Articles ofAssociation. Tha principal office cf the charity is 321 High Street, West Bromwich. B7D 8LU. 41 P&ige Kaleidoscope Plus Group Co No,, 04660523 Règlslered Charity No: 1096473 Year end8d 31 March 2024 TRUSTEES. ANNUAL REPORT (continued OBJECTIVES AND ACTIVITIES As the charity entered its 50th year, at a time where Council and NHS budgets are under extreme pressure following Covid and a Cost-Df-Living Crisls, it recognised il is now at a critical point where futur8 Success is reliant on Its expension. Early in the year the Senior Management Team (SMT) reviewed and refreshed our current vision, mission, and values to ensure we remain relevant to th8 people we serve, as well as our stakeholders and supporters. Our mission and goals 8im lo provide the Structure and purpose of our plans, reflect our commitmant to sustainlng 8nd d8veloping partnerships, and ambltion lo provide broader wider reaching se￿IC8S to address the greater need for Support. Objects: ro pmmotg and support betterhealth and wellbeing across our area of operation Vlslon Impmving emotion81 h&alth, tr8nslomiing lives. Mission IM78r6 averyone has acG9SS to the emotional wellbeing support they need to lead a healthy 8nd rewarding life. The Kaleidoscope Plus Group's Cor8 Values are as follows.. Integrity We lead by gxample We are hon8St, open and trustworthy We are diligent and Committed We are willing to challenge and be challenged Inclusion We are Posltive, supportive, and approachable We have an inclusive culture and are committed to @quality We demonstrate respect and equality for all W8 have a divers8 workforce Initiative We ar8 led by Ihe ne6ds of those who use our service We invite feedback and respond quickly We collabcrate to support those who use our services and our colleagues W8 respect and value our staff and volunteers We empower our staff lo meet the needs of the communities we se￿e Innovative We make things happen We are never complacent We strive for continuous improvement We act on the needs of those whc use our servlces Indopèndoncè We are struclurally independent of statutory organisations We are fre8 to act to support those who use our services Our support servlces ara free from conflict of Interest The KaleidoscDpe Plus Group's Strategic Goals are as follows: Financial Stability Maintain and dev81op exceptionel 8eNice B8com8 a Charty of choice Be a great place to work SIPIL tre K21eidoscop8 Plus Group Co ND: 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT {continu8d) Trustee and Directors Induction and Training The Kaleidoscope Plus Group Trustee's come from varied backgrounds ancl expertlse, ranging from clinical, mark8ting, business, customer satisfaction, finance and risk. Each Trustee is required to undertake a structur8d induction program which consists of providing information on their responsibilities as a Trustee together with the history and intended direction of th6 charity. All are provided with a copy of the Constitution, current business plan and polici8s relating to confidentiality, Saf￿uardlng, terms cf reference and our code of conduct amongst other overarching govemance related information. Throughout the year, all Truslees are given regular training in kèy issues arising which are pertinent to the charity and their duties and responsibilities as trustees. This has also now been supplemented with an onllne portal for them to actsss in their own time. As with members of Staff, board members are required to undertake mandatory training elements and compl8tion rates ar& recorded and rnonitored. They also receive tr£ining in Mental Health First Aid for which we have accredited trainers. All Trustees are enccuraged to involve themselves in areas of particular int8r8st to them through close involvement with the man8gement. staff, and users of the charity's services. This Iielps Trustees to develop the overall strategic direction and does not detract frcm the Trustee's primary responsibilities to the charity- All Trustees give their time freely and no trustee except for the Chief Executive Monica Shafaq and hér replac8ment Calum Nisbet received remuneration in the year. Organisational StruGlure The Kaleidoscope Plus Group is a voluntary organisation constituted as a registered charity (charity regislration number 1096473) and a company limSted by guarantee (company registration number 04860523) governed by adopted Articles of Association. It is governed by a committee of voluntary Trustees (the Board) who are also directors of the company. The Trusl8@s elect officers at th8Annual G6neral M8eting including a Chairfrom amongsttheir numb8r. The Trustees set'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 reasonable, aFthough not absolLrte assurance against material misstatement or loss. They include= regular consideration by the Trustees of financial results, variance from budgets, non-financial performance indicators and bench-marking reviews. an annual budget approved by Trustees. delegation of authority and segregation of duties. identification and management of risks. In addition to the AGM, the Board meets a minimum of four times a year. Th8 Finance, Audit and Risk Committee (FAR) also meet qU8rterly, chaired by the Treasurer with the Head of Finance the Executive lead. The Board will see the introduction of a Remuneration Committee and an Operations Commlttee which will oversee service delivery and clinical governance. All Committees will have agreed Terms of reference which will have been approved by the Board of Trustees Responsibilty for strategy, planning and the day-to-day managem6nt of op8rations is delegated to the Leadership Team led by the Chief Executive, who also acts as Company Secretary. Formal reporting by the Chief Executive to the Trustees takes place regularly throughout Ihe year as well as through regular one to one m88tings between the Chair and Chief Executive. The Gommiltee meeting prolocol continues to be updated to ensure that there is a regular review of key issues, such as investment, risk management, performance data and regulatory monitoring. Kaleid08cope Plus Group Co No., 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT (contlnued) In September, Monica Shafaq resigned as Chief Executive Officer. The Board made the decision to recruit for a different skillset in the new CEO, supportlng the ambition to expand beyond the traditional services of the Charity in terms of sector and geography. Calum Nisbet, a commercially driven professional with 8 IraGk record of delivering growth In a variety of sectors that include corporate, not forprofit, hospitalty and membership organisat1ons, was appointed interim CEO in Novemberand made perm8nent in March 2024. Neil Male decided that this would be a good time lo resign as Chair and at the December AGM, David Rogers was ratified as Chair. The Chief Execuliva is not a member of the board. The charity currently employs 85 {2023: 721 staff. Rlsk Management A risk review was undertak8n by the trustees in 2022. Afurther review has taken place in 2D23 and Ihe risks have been re-structured in conjunction with the 2Q23-2026 KPG Business Plan objectives. 1) Improv8 financial sustainability 2) Maintain Exceptional Cor8 Servic8S 3} Become the Charlty of Choice 41 Be a great Plac@ to work. A new cloud portal to monitor risks is currenlly being implemented with the vi8w of the sy8t8m b8ing fully functional by July 2025. Until this time the current process is being used. Underlhe currenl system a traffic light system is used to rate the risks. Risks scoring between 15- 24 (based on likelihood and impact) are rated as red. Those scoring be￿een 8 -14 is rated amber and risks scoring b81ow 7 are rated a8 Green. Th8 charity's highest risk factor is the possibilty that ¢ommissioned contracts could end without replacement, how8V8r we recognise that this is a risk which is unlikely to change in the foreseeable future clue to the economic climate the third sector is currently working in. How OurActlvltles Dellver Public 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 aims, and core values has be8n undertaken and it is felt that they remain relevant to the charity's purposes. Mental illness mak8s no distinclions, and neither does the Kaleidoscope Plus Group. Since KPG separated from MIND in 2013, there has been a greater awareness of the importance of health and well-being in society, and with the combination of the covid and cost of living crisis, more people are seeking help. KPG works in an environm8nt where our services are needed more than ever, and our indep8nd&nce allows us to have a greater impact. Poor m8ntal health continues to incr8ase 1 in 4 experiences poor mental he8lth' about 20h of people have 3evere mental heatth needs, with the compl8Xlty of n88ds increasing 1 in 3 adults with mental health needs is due to adverse childhood events 1 in 5 young people have a diagnosable mental health Isolation is a killer People wtth mental health needs have low levels of employment, increasing inequality and most live in insecure accommodation 71Pdgc Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Yoar ended 31 March 2024 TRUSTEES, ANNUAL REPORT (contlnued) How OurActivities Deliver Public Benefit (continued) Up to 66P/o of homel68s peop16 have mental health neèds Stress is one of the lop two reasons for staff absence nationally Someone dies by suicide £pproximat6ly &very two hours in the UK Alongside the increase in demand and complexlty of mental health illness, there are a number of external factors thal will continue to Impact our activity and also provide oppcrtunities. It is a dynamic, fast-moving, changing environment, with all agencies underfinancial pr8ssures Housing, social care and health systems are under acute pressure Local authority budgets are reducing- our traditional source offunding New solutions and systems thinking is required for skills shortages, system failures, and increasing demands Al Th8 Kaleidoscop8 Plus Group, equal acc8ss lo all our s8rvic8s is of paramount importance. We monitor our performance against both contractual and sedor expectations across all seNice areas to ensure that effective seNices arg implemenled., any gaps are easily identified and work with a wide rang& of Commissioners to develop appropriate interventions. We believe that equal acc8SS to our services is vital to our success and that successful outcomes must be shar8d by all sections of the community. Our main activities for the ygar continued to meet The Kaleid08COP8 Plus Group's Mission and Aims and wer8 implemented Ihrough the provision of a number of services.. Nlcholl Granga Care Home Residential care for 14 people structured to comprise a 10-bed unit with 4 one-bedroom flats in West Bromwich. The staff team provide care and support 24 hours a day. The hom@ caters bolh for people who hav@ a long-term need for such a setting, aswell as forsomewhowish to develop their Independent livlng skills pn'or to moving on, In addition, there are four one-bedroom flats attached to this scheme where the residents receive support from the care home staff to facilitate a great8r degr88 of long-term independent living. Without such a service, local people suffering from m@ntsl health illness would not be able to gain the support and confidence to live fulfilling and independent lives. ILS An individual shared properly accommodating 2 individuals who have been in long t8mi institutiona118ed care. They are enabled to live independently in the communty with 2417 on site support. SORT Scheme A Floating Support scheme which supports 100 people. Those who receive support have mental health issues and challenges and the SORT scheme helps them maintain independent living in Iheir own homes. 81P<)g Kaleldoscope Plus Group Co No: 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT (contlnued) Sanctuary Hub This is for people living in Sandwell who feel that they may be reaching crisis point and need immediate support. The purpose of the service is to pr8v8nt individuals from presenting at A&E which is both ineffective for the needs and causes delays. The sewice is available 385 days a year and 18 cpen 5 to 11 pm Monday lo Friday and 12 noon-11 pm at the weekend. Communlty Offer A source of support for peDpI8 in West Bromwich providing g8neral advice, guidance and advocacy for people who may be suffering with thelr emotional health. Couns811ing with Kaleidoscope This service is funded through the charity's reserves and provides counselling in various modalities to anyone who may n88d it. Th8 service is chargeable and operates on a means tested basi8 to ensure that is affordable and provides equal access to those on low income. 11 is delivered face to face and online and is available to anyone in the country, Primary Mental Health Workers The PMHW teamwork with children and young people, families. carers, and professionals providing support where there are emotional or mental health conc8rns in relation to th6 young person. Crisis Text Line The suicide prevention text line service in partnership with SHQUT continues to save lives. This national service is available 2417 to anyon8 in th8 UK and can be acc888ed free of charg8. Trained crisis volunteers help those who contact th8 service to stay safe and provide guidance on services available to support them. The Wellbeing Program- for Refuge8s and Asylum Seekers Our Wellbeing Program supports the emolional health and wellbeing needs of refugees and asylum seekers residing in Sandwell through a tailored portfolio of wellbeing groups including psychoeducatlon, social support. and ecotherapy. 88 well as a befriending service for r8fug86s, asylum seekers, and their families, Training The charity provides an int8rnal training Service to all staff, in particular those staff who are in the forefront of Ihe organisation's work, particularly in Care, Support & Community Services. Internal training offers a service which ensures our staff are well versed in the full range of legislative and sp8cialist knowledge relevant to their area of work to enable them to provide competent services of a high standard. The charity also provides extemal training including Mental Health FirstAid,Applied Suiclde Intervention Skills Training and a bespoke mental heallh and wellbeing training packages to a rang8 of businesses, partners and individuals. There are several staff who are now quallfied trainers and carry out training in specific areas cf mental health. Training for users of other services and the general public relating to mental health and Ihe rangg of self-help issues is also provided. Kaleidoscope Plu8 Group Co No.. 04660523 Registered Charity No: 109S473 Yaar 6ndÉd 31 March 2024 TRUSTEES, ANNUAL REPORT {continued} Fundraising Fundraising has become an important focus for lh8 charity over recent years and tha charity is early on in its journey of devising a formal approach, however the organisalion follows and adheres to the fundraising regulator standard. The new CEO has a fundraising background and will make thi8 a focus moving foNard. Flnanclal Revlew For lh8 year ended 31st March 2024, th8 Charity's operations resulted in an overall nèt deficit of £158,273 (2023.. £159.522 deficit). The deficiE is mainly due to the loss of income from contracl ends and the organisation's fundraising activities nol generating sufficient income. Thls r6sulted in an operating deficit of £201.136 12023: 92,900 deficit). The investment portfolio recovered from the previoug yearfs decrease due to the war in Ukraine and the increase in 8nergy prices. This is the key contributor to Ihe Charity's investment gains during the financial year. The business strategies for income dtversification and revenue growth are included in the Charity's 2023-26 three-year business plan. Reserves and Inv8Stment We hold unrestricted general reserves tc provide cover for unexpected changes in incom8 and expenditur8, allowing us to continue key activities in the event of,, A temporary loss of income, giving tim8 to adjust the business model or source alt@rnative incom6 Streams. Manage short-term financial commitments the Charity is exposed to in the event of loss of incom8. Unrestricted reserves ara those funds which are not commitlgd to specific projects or set aside for future use. The Trustees aim to ensure that unrestricted reseNes ar6 maintained at a minimum level of £1,100,000. This is based on a review in March 22 ofthe reliability ofthe charity's income streams, and the extent to which exp8nditure is committed, as well as the major risks to which the Charily is exposed. Trustees have set a target level of reserves at £1,300.000. At the end of the financial year, the reseNe level slightly exce8d$ the target, with the unrestricted re8eNes being £1,365,842 (2023: £1,562,437). Investments Quilter Cheviot manages the multi-as5et portFolio Df 8qUlty, fixed interesl and alternative investments in accordance with their ethical investment and medium risk policy, they report on a regular basis to the Board of Trustees, The ethical restrictions apply, and we manage the portfolio within the agreed ass8t allocation bandings, and report on a regular basis to the Board of Trustees. The latest agreed bandings were.. Fixed Interest 20 to 40D UK Equilies 20 to 350h Over8eas Equities 25 to 35°/0 Allernative8 o to 250/r¥ IOIPApe Kaleidoscope Plus Group Go No.. 04860523 Rggistg￿l Charity No.. 1096473 Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT Icontinuod) Investments KPG investments are benchmarked against the MSCI WMA Privat@ Investor Income index. However, typlcally we also compare against our peer group oomposite as reported by ARC, The corresponding benchmark to the Kaleidoscope's QC portfolio is ARC Sterling Balanc8d Asset. Ov@r the long term, the portfolio remains comfortably ahead of ARC over a 3- 5- and 10-year periods. Futur8 Operations The Kaleidoscope Plus Group is continuing a process of an on-going service review to 6nsur6 that r818vanc8 of seNice and quality, remain a key focus. The charity is making excellent progress in developing its work in the wider Black Country reglon and beyond, including Staffordshire, Stoke on Trent, and Bedfordshire. The current cost of living crisis is likely to continue to have an impact on the charity and its staff and as set out in the Charity's new 2023-2026 three-year strategic plan the trustees and leadership are seeking ways to ensure income generation and diversification r8main afocus. Despite the UPGoming challengès, throughoutthe year 2023-24, contractualtargets and relationships wrfch commissioners remained strong with commissioned income continuing and some contrads confimied and exlended untll March 2025 thergfor8 not materially affgcting the Kaleidoscope Plus Group which remains to bg a going concern. Disclosure of Informatlon to audltors In so far as Ihe dir&ctors ar8 awar8'. there is no relevant audit information of which the charitable company's audilor is unaware. and the twstees have tsken all the steps that they ought to have taken in orderto make Ihemselves aware of any relevant audit information and to establish thal the charitable company's auditor is aware of that information. Auditors The external audit se￿l¢eWent out for lender in 2023, in accordancewith Section 485 ofthe Companies Act 2006. A new auditing firm is now in post. Small Company Provlslons The Trustees, report has 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 25th September 2024 and signed on its behalf by; David Rogers Chalr of the Board of Trustees Ka161doscope Plus Group Co No.. 04660523 Regi8tered Charity No= 1096473 Year ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also directors of Kaleidoscope Plus Group for the purposes of company law) are responsible for preparing the Tru8tees' Annual Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting Practice). Company law reqUI￿S the Iru5tees to prepare financial statements for each financial year. Under company law the trustees must not approve thè financial statements unless th&y are salisfied that they giv8 a true and fair view of the state of affairs of the charitable company and of the incoming re50urce5 and application of resources, including the income and expenditure, of the charitable company for th8t pariod. In preparing thase financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently, observe Ihe methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and estimates that are reasonable and prudent., stat8 wh8ther applicable UK Accounting Standards have been follow8dl. subject to any material departures dlsclosed and explained in the financial statements., prepar8 the financial statements on the going con¢8rn basis unlass it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclos8 with reasonable accuracy at any tima the financial position of the charilabla Gompany and enab18 them to ensure that Ihe f'inancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable company and hence for taking reasonable stsps for the prevention and det8Ction of fraud and other irragularities. In so far as the trustees are aware.. there is no rel&vant audit infomiation of which the charitable company's auditor is unaware., and the trustees have taken all steps Ihat they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The trusl8es are responsible for the maint6nance and integrity of th8 corporate and financial information included on the charitable company's websile. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 121Page Kaleidoscope Plus Group Co No, 04660523 Reglstered Charlty No.. 1096473 Year ended 31 March 2024 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP Oplnion We have audited the financial statements of The Kaleidoscope Plus Group (the '¢harity') for the y8ar ended 31st March 2024 which ccmprise the Statement of Fin8ncial Activities, Ihe Balance Sheet, the statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting frameworl( that has be&n applied in their preparation is applicable law and United Kingdom Accounting Standard8, including FRS 102 The Financial Reporting standard applicable in thg UK and R6public of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion, th8 financial stat8m8nts'. glve a true and fairview of the state of the charity's affairs as at 31sl March 2024 and cf its income and expenditure for the yoar then endad. have been properly prepared in accordance with United Kingdcm Generally Accepted A￿O￿ntIng Practice" and have been prepared In sceordanee wilh the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UK) (17,788) Net cash used In Investlng actlvltles 240,909 19,8901 N8t d8cr8ase in cash and cash equivalents in the reportlng perlod 157 142 42,801 C8sh and cash equivalents at the beginning of the year 249,263 292,064 Cash and cash equlvalents at the end of th8 y8ar 92,121 249.263 2024 2023 Al Reconciliation of not income to net cash flow from operating activlties Surplusl (Def icit) for the financial year Adjustments for= Depreciation Amortisalion Dec.reasel{increase) in trade and other receivables {Decrease)lincrea8e in trade payables Interesl received Dividend Income Realised gain on inveslments Unrealised (gains)/losses on investments (156,273) (159,522) 31,199 3,074 (92,424) (75,234) (44,139) {19,391} 546 (45,409) 30,959 2,320 42,300 21,451 119,096) (17,945} 9,150 57,472 398,051 32,911 2011'JRL Kaleidoscop8 Plu8 Group Co No: 0466Q523 Registered Charity No- 1096473 Year 6nd8d 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS G8n8ral Informatlon Kaleidoscope Plus Group is a private company limited by guarantee, incorporatsd in the UK and registered in England and W81es. The registered office is 321 High Street, Wesl Bromwich, West Midlands, B70 8LU. Accounting pollcies The main accounting policies adopted in the preparation of these accounts are.. Ba818 of accounting The charity constitutes a public benefit entlty as defined by FRS 102, The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of R8Gommended Practice applicable to charities pr8paring their accounts in accordance with th8 Financial Reporting Standards applicable in the UK and Republic Df Ireland IFRS 102), the Financial R8porting Standard Applicable in the United Kingdom and Republic of Ireland (FRS 102>, Ihe Charities Act 2011, tha Companies Act 20C6 and UK Generally AcGepted practice. b) Golng concern Kaleidosccpe Plus Group busines8 activiti88, Its current financlal position, and factors likely to affect its future operations are all sgt oul in the Trustee's report. The trustees consider that there ar6 no matsrial uncertainties about Kaleidoscope's ability to continue as a golng concern and there are no unplanned materlal uncertainties affecting the current year's acGounts. The entity has adequate resources to continu8 in operational existence for the fores88able future, Key areas of management judgement and estlmatlon uncertalnty When preparing th& financial stst&ments, management makes a numb6r of judgements, estimat6s and assumptions about the recognition and measurement of assets, liabilities, income, and 8xpenses. Management is of the oplnion that are no key areas of managementjudg8m8nt or estimatlon uncertainly adopted within the financial statements. d) Fund accounting General funds ar8 unrestricted funds which are available for use at the discr8tion ofthe Trustees in th8 furtherance of the general objectives ofthe charity and which have not been designated for other purposes. Designated funds compris8 unrestricted funds that have been set aside by Ihe Trustees for particular purposes that do not contain legally binding r8Strictions. Restrict￿ Funds are funds which are available for a specific use determined by the funder. Investment inccme gains and losses ar8 allocated to the appropriate fund. Income Donations are accounted for on a receivable basis. Income from fees charged for 8eNic8s are recognized on complelion of Ihe services performed. Income where payments are linked tc restrictions i.e., p&rformance related, time etc. are recognised when the conditions have been met, it is probable that the income will be received, and the income can be measured reliably. Income on bank deposits is accounted for on the accruals bas18. Income from quoted investments is recognised at the date the divid8nd is declared. Kaleidoscope Plus Group Co No,, 04660523 Regislered Charity Nts: 1096473 Yéar ended 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS Icontinued) Accounting policies (contlnued) Legacles Income The recognition of income from18gacies 18 dependent on establishing entitlement, the probability of r8c6ipt and the ability to estimate wtth sufficienl accuracy the amount receivable. Evidence of entrtlement to a legacy exists when the Charty has sufficient evidence that a gtft has been left lo them (through knowledge of the existence of a valid will and the death cf the benefactor) and the executor is satisfied that the propsrty in question will not be required to satisfy Claims in the estste, Receipt of a legacy must b8 recognised when it is probable that it will be received and the falr value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. During the period the charity was made aware of a legacy gift, a house from the estate of Mr Stephen Charles Wood, by the firm Jordans Solicitors. The house was not placed on the market, as the Grant de Bonis Non has not yet been Issued by the Court. We are unable to estimate with sufficient accuracy the expected cash amount and therefore no receivable has been recognised in these financial statements. g) R8sourc&s expended R8sources expended include all costs incurred and accrued as at the balance sheet date. Support Costs, which include the central office functions such as general management, payroll administration, budgeting and accounling, care and support services management, informalion technology and human resources are allocated across th8 categories of charitable expenditure, in proportion lo totsl direct spend in 8ach activity. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of the resources. Cost8 of charitable activities comprise all costs identified as wholly cr mainly attributable to achievlng the charitable objects of the charity, including the costs of disseminating information in support of charitab5e activities. These costs include staff costs, wholly or mainly attributable support costs and an apportionment cf general overheads. Governance costs comprise all costs identified a5 wholly or mainly attributable to ensuring public accountability of the charitx and its compliance with regulation. These costs include external audit and Trustee costs. h) Fixed assets Intangible fixed a$s6ts are slated at cost less arnortisation and ccnsist entirely of software development costs. Amortisation is provided over ten years using the straight-line method to write off the cost of the intangible assets over their estimated useful lrfe. Tangible fixed assets are stated at cost less accumulated depreciation. Assets costing less than £500 are fully expensed in the year of purchase. Assets Costing above this amount are capitalised a6 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 slraight-line method.. Buildings (excluding land) Property, Plant and Equlpment IT Equipment Over 50 years Over 5 years Over 3 years 2211) Kaleldosocpe Plus Group Co No,, 04660523 Registered Charlty No,, 1096473 Year ended 31 March 2D24 NOTES TO THE FINANCIAL STATEMENTS (contlnued) Accounting pollclos (contlnued) Glfts in klnd The value of the work done by volunteers is of significant value to Kaleid05cope Plus Group and to the people who use its services. The worfi of volunteers is greatly appreciated, but in accordance with th8 SORP no monetary value has been placed on their contributlon in the financial statements. J) Taxatlon No corporation tax has been provided in the96 accounls because the income of the Charity Is within the exemptions granted by S8otions 466 to 493 of the Corporation Taxes Act 2010. k) Operatlng le￿e rentals Operating lease rentals are charged to the inGome and expenditure account on a straight-line basis over the leas8 term. Investments Investments have been includ8d at mark8t value as at the balance sheet date. Gains and losses arising from the disposal of inv8Stments are calculated at net sales proceeds less carrying value. Unrealis8d gain8 and losses on the revaluation of investments are recognised in the statement of financial activities. Debtors Trade and other debtors are recognised al the seltlement amount after any trade discount offered. Prepayments are valued at th8 amount prepaid net of any trade discounts due. Current asset Investments Short term investments includes cash on deposlt with a notice period of more than three months but less than on8 year. Cash at Bank and In Hand Cash al bank and in hand includes cash and short-term highly liquid investments wilh a short maturity of three months or less from the date of acquisition or opening ofth8 deposit or similar account. p) Liabilltl8s and Provisions Liabilities are recognised when Ihere is an obligation at the Balance Sheet dale as a r8suIt of a past event, it Is probable that a transfer of economic benefit will b8 requir&l in settlement, and th8 amount of the s8tllement can be estimated reliably- Liabilities are recognised at the amount thal the Company anticipates it will pay to settle the debt or thé amount it has received as advanced payments for th8 goods or services it must provide. Provisions are measured at th8 best estimate of the amcunts requir8d to settle tha obligation, Where the effect of the tim6 value of money is material, the provision is based on the present value of those amounts, discounted at the pr8-tax discount rate that reflects the risks specific to the liability. The unwinding of th6 discount is recognised in the Statement of Financial Activities as a finance cost. 231P K8loidoscope Plus Group Co No,, 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Accounting policies Icontlnued) q) Penslons The charity operates a d8fin6d contribution scheme, The annual employers, pension contributions payable are charged to the Statemenl of Financial Activilies. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Incoming resources by source 2024 2023 Government Grants other Grants Residential and Intensive Support Contract Income Training Fees Counselling Fees and Other Income Investment Income Charitable donations and Fundraising 344,820 25,383 673,013 971,648 22,645 32,045 63,530 54.902 274,958 90,857 647,828 1,207,380 31,326 44.753 37,041 43.132 2 187986 2,377,273 Inv8Stm8nt Income 2024 2023 Dividend Income Interest on bank accounts and short-t8rm d6POSIts 19,391 44,139 17,945 19,096 63,530 37,041 241Page Kaleldoscope Plus Group Co No: D46e0523 Règistsred Charfty No.. 1096473 Year end8d 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) 4. Resources expended Charltabla Actlvltles Staff Costs Depreclation oth6r Costs Total Total Unrestrlcted Restrlct8d Total 2024 Total 2023 R8sidanlial Support 616,771 7,88S 159,325 783, 982 783,982 788,931 Community & Floating Support 562,713 15,098 98,134 675,266 879 675,945 868,735 Talking & Creative Therapi&¢ 525,838 7,306 70,478 581,083 22,538 603.622 6e3,580 Training 76,967 1,770 24,228 102,840 325 102,965 109,325 Awareness raising & publicty 11,958 488 32,969 45,415 45,415 58,413 Governance (note 7) 11,958 488 39,622 52,068 52,068 85,771 1,806,205 33,036 424,758 2,240,455 23,542 2,263,997 2,354,755 5. Resources expended Raising Funds Staff Costs Depreciation other Costs {Includlng Support costs) Total Total Unrestricted R8Stri¢ted Total 2024 Total 2023 Expenditure on Raising Funds 35,922 1,238 87,$65 125,125 125,125 115,418 1,842,127 34,274 512,721 2,365,580 23,542 2,389,122 2,470,173 251 P<1 gc Kaleidoscopa Plus Group Co No: 04660523 Registered Charity No.. 1096473 Year ended 31 Maroh 2024 NOTES TO THE FINANCIAL STATEMENTS {continu8dl Support costs Financ81 admln & general management IT Volunteers Total 2024 Total 2023 Residential & Int8nsive Support Communtty & Floating Support Talking & Cr&ativ@ Therapies Training Awar&n6ss raising & publicity Governance Raising Funds 202,294 11,144 213,061 11,737 183,649 11,117 30,978 1,706 15,489 853 15,489 853 24,524 1,351 8,028 8,456 7,289 1,229 615 815 1,197 221,466 197,224 233,254 207,721 202,0SS 179,046 33,913 27,885 16.957 13,824 16.957 15,100 27.072 23,909 685,484 38,761 27,429 751,674 684,309 Governance costs compriso 2024 2023 Apportionm8nt of costs supporting governance activities Professional fees Audit fees other 12,446 1,175 29,b95 8,852 10,750 21,908 24,023 9,090 52,068 65,771 Net Income 2024 2023 Net Incom8 Stated after charginglcrediting: Auditor's remuneralion Audit Other Depreciation Depreciation: Building Amortisation Operating Leases- Office Equipment 29,595 24,023 16,933 14,266 3.074 9.940 16.692 14,267 2,320 7.354 Kaleidoscope Plus Group Co No.. 04660523 Registered Charity No.. 1096473 Year ended 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Staff costs 2024 2023 Wages and Salaries Employer's Social Security costs Employer's Penslon costs 1.576,163 137.$31 63,690 1,676,533 154,719 69,995 Agency costs Recruitment costs 1,777,384 58,861 5,883 1,842,128 1,901,247 47,786 5,030 1,954,043 staff Costs per function ar& as follows.. 2024 2023 Costs of generating charitable activities Management and adminislr8tion 1,289,429 552,699 1,842,128 1,449,313 504,730 1,954,043 Trustees, and key management parsonnel remuneration Two employees had amployee benefits excluding employer pension costs in excess of £60,000 (2023.1) During the year one termination payment was made forthe amount of £15.00012023', £4,933), During the year the organisation had five managers whose total key management personnel remuneration costs amounted to £21S,147 (2023.. £307,442). Employers national insurance contributions in respect of these individuals were £20,639 {2023.' £30,676) and pension contributions were £7,100 (2023.. £12,073}. One employee was a Trustee on the board, their emolum8nts are included below.. 2024 2024 2024 2024 2023 Baslc Employer's Penslon Nl 6,764 13,875 TOTAL TOTAL Trustee Remuneration Key Management Personnel Total Key Managem8nt Personnel Remuneration 55,834 135,573 2,787 4,313 65,385 153,762 77,302 230,140 191.407 20,639 7,100 219,147 307,442 The averag6 number of full-time equivalent employees excluding agency workers, analysed by function i8.- 2024 Number 41 12 2023 Numb8r 41 14 Direct charitable services Management and administration Raising Funds 55 57 Head Count 65 72 271Page Kaleidoscope Plus Group Co No.. 04660523 Registered Charlty No.. 1096473 Year 6nded 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) 10. Intangiblo As¥ets Softwar8 Development Total C08t At 1 April 2023 Additions Disposals Cost at 31 March 2024 38,298 38,298 38,298 38,298 Amortisation At 1 April 2023 Charge for year Amorilsatlon at 31 March 2024 (9,8721 (9,872) 12.946 Net book amount at 31 March 2024 Net book amount at 1 April 2023 25.352 23,853 11. Tanglble Assets Fre8hold Land & Buildings Flxtures & Fittings IT Equipment Total Cost At 1 April 2023 Additions Disposals 756,483 52,304 64,145 11,873 872,932 11,873 Cost at 31 March 2024 756.483 52,304 884,805 Depreciation At 1 April 2023 Charge for year Disposals (43,931) (14,266) (39.721) (7,482) (53,294) (9,471} (136,946) (31,199) Depreclatlon at 31 March 2024 82,765 Net book amount at 31 March 2024 Net book amount at 1 April 2023 698 286 712,552 5,121 12,583 13,253 10.851 716 660 735,986 281Piigc KaleidosGope Plus Group Co No.. 04660523 Reglstered Charity No: 1096473 Y@ar ended 31 March 2024 NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl 12. Investments 2024 2023 Op8ning Balance at 1 April Additions at cost Realised gainsl