Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 Kaleidoscope Plus Group Trustees, Report and Financial Statements For the Year Ended 31 March 2025 Company Number 04660523 Registered Charity Number: 1096473
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 CONTENTS PAGES REFERENCE & ADMINISTRATION INFORMATION TRUSTEES. ANNUAL REPORT 4-13 STATEMENT OF TRUSTEES. RESPONSIBILITIES 14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS 15-19 STATEMENT OF FINANCIAL ACTIVITIES {Incorporaling an income and expenditure account) 20 BALANCE SHEET 21 STATEMENT OF CASHFLOWS 22 ACCOUNTING POLICIES 23-26 NOTES TO THE FINANCIAL STATEMENTS 26-35
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 REFERENCE & ADMINISTRATION INFORMATION Charity Name: Kaleidoscope Plus Group Registered Charity No 1096473 Regisiered Company No 04660523 Registered Office 321 High Streel West Bromwich West Midlands B70 8LU Auditor Bishop Fleming AudttLimited 1 3 College Yard Worcester WR12LB Main Bankers Unity Trust Bank plc Nine Brindley Place Birmingham B12HB Investment Managers Quilter Cheviot Two Snow hill Birmingham B4 6GA Chief Executive and Company Secretary Calum Nisbet Executive Officers Faye Brecknock Louise Loveden Max Barreti Head of Operations Head of People and Culture Head of Finance and Risk
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORTforthe year ended 31 March 2025 The Trustees present their report and accounts for the year ended 31 March 2025. 1. Structure Governance and Management Board of Trustees The Truslees ofthe charitable company, who are direclors for Ihe purpose of company law, who served during the year and up io the date of this report are sel out as follows- David Rogers {Chair) Jayne Holliday Darren Harris Douglas Brown (Vice Chair} Anupama Gibson Faye Hingley Callum Russell (Treasurer) Lisa Nicholson {resigned 11.11.2024) Michael Mclean (resigned 11.10.2024) Wayne Golessa {appointed 26.6.2025) Carl Baker {appointed 26.6.2025} Chris Dowen {appointed 26.6.20251 James Gutteridge (appointed 26.6.2025) Kiranjit Janagal {appointed 26.6.2025) Laura Hadley (appointed 26.6.2025) The Kaleidoscope Plus Group (KPG) is a voluntary organisation constituted as a registered charity {charity registration number 1096473} and a company limited by guarantee (company registration number 04660523), registered. and incorporated in England and Wales. It is governed by its Articles of Association. The principal office of the charity is 321 High Street, West Bromwich. B70 8LU.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT(conlinued) OBJECTIVES AND ACTIVITIES This financial year has been one of intense challenge for our charity. which provides essential health and wellbeing services commissioned by both the NHS and local councils. As public sector funding continues to tighten, the financial pressures faced by our commissioners have had a direct and tangible impact on our operations and planning. Throughout the year, we have seen increased delays in contract renewals and commissioning decisions from both NHS trusts and local authorities. Budget uncertainty meanl that several projects experienced delayed starts or came with greater expectations. Despite these challenges, we have worked diligently to maintain continuity of care and support. While income remained constrained, our costs have continued to remain high. Recruiting and retaining skilled personnel has been very much a key concern for us. as we are conscious that we are unable to malch the wages seen in parts of the NHS and private sector. In response, we have implemented a number of cost containment measures, including restructuring some service delivery models to increase eff iciency and renegotiating supplier contracts. Our employee retention remains high and we have not had to make any redundancies in this period. We also deepened collaboration wilh other voluntary and community sector IVCS} organisations, pooling resources and creating joint bids where appropriale. This partnership approach helped unlock new sources of grant funding, particularly from charitable trusts looking to supporl integrated health and social care pilots. Our efforts to make the charity less reliant on the NHS and local authorities are growing. as we promote our training to new sectors across a wider geography. With a major focus on supporting Corporates, Education and the Public Sectors. we have secured two national contracts, providing Mental Health and Wellbeing support across the UK. We have, however, noticed that the new Government has created fiscal uncertainty which has had an impact on corporate spend. This has also had an impact on our more structured approach lo fundraising, which has experienced its own challenges during the year. As an organisation, we remain committed to our current vision, mission and values to ensure we remain relevant to the people we seNe. as well as our stakeholders and supporters. Our mission and goals aim to provide the structure and purpose of our plans, reflect our commitment to sustaining and developing partnerships. and ambition to provide broader, wider reaching services to address the greater need for support. The objectives of the Association are= to promote the preservation and the safeguarding of mental health to promote mental and general wellbeing to promote the relief of persons suffering from mental disorder Vision.. Improving emotional health, transforming lives. Mission.. Where everyone has access to the emotional wellbeing support they need to lead a healthy and rewarding life.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) The Kaleidoscope Plus Group's Core Values are as follows: Integrity We lead by example. We are honest, open and truslworlhy. We are diligent and committed. We are willing to challenge and be challenged. Inclusion We are positive. supportive, and approachable. We have an inclusive culture and are committed to equality. We demonstrate respect and equality for all. We have a diverse worklorce. Initiative We are led by the needs of those who use our service. We invite feedback and respond quickly. We collaborate lo support those who use our services and our colleagues. We respect and value our slaff and volunteers. We empower our staff to meet the needs of the communities we seNe. Innovalive We make things happen. We are never complacent. We slrive for continuous improvement. We act on the needs of those who use our services. Independence We are structurally independent of statutory organisations. We are free lo acl to support those who use our seNices. Our support seNices are free from conflict of interest. The Kaleidoscope Plus Group's Strategic goals are as follows- Financial stability Maintain and develop exceptional servi. Become a Charity of choice. Be a great place to woth. Trustee and Directors Induction and Training The Kaleidoscope Plus Group Trustee's come from varied backgrounds and expertise, ranging from clinical, marketing, business. customer salisfaction, finance and risk. Each Trustee is required to undertake a structured induction programme which consists of providing information on their responsibililies as a Truslee, together wilh the hislory and intended direction of the charity. All will be provided with a copy of the constitution, current business plan and policies relating to confidentialily, safeguarding, terms of reference and our code of conduct amongst other overarching governance related information. Throughout the year, all Trustees are given regular training in key issues arising which are perlinenl to the charity and their duties and responsibilities as Trustees. This has also now been supplemented with an online portal. with training modules. for them to access in their own time. As with members of staff, board members are required to undertake mandatory training elements and completion rates are recorded and monitored. They also receive training in Mental Health First Aid, for which we have accredited trainers. All Trustees are encouraged to involve themselves in areas of particular interest to them through close involvement with the management. staff, and users of the charity's services. This helps Trustees to develop the overall strategic direction and does not detract from the Trustee's primary responsibilities to the charity. All Trustees give their lime freely and no Trustee received remuneration in the year.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Organisational Structure The Kaleidoscope Plus Group is a voluntary organisation constituted as a registered charity (charity regislration number 10964731 and a company limited by guarantee {company registration number 046605231 governed by adopled Articles of Association. It is governed by a committee of voluntary Trustees {the Board), who are also directors of the company. The Trustees elect officers al the Annual General Meeling including a Chair from amongst their number. The Trustees set 'role descriptions. and 'person specifications, in respect of the officer roles {Chairl and the general Trustee role. The Trustees have overall responsibility for ensuring that the charity has appropriate systems of control, financial and otheNise. The systems of internal control are designed to provide reasonable, although not absolute, 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. The Finance, Audit and Risk Committee (FAR) also meet quarterly. chaired by the Board's Vice Chair with the Head of Finance, who is the Executive lead. The Board has seen the introduction of a People and Culture Committee in January 2025 and will introduce a Clinical Governance Committee early in the next financial year. All Committees will have agreed Terms of Reference. which will have been approved by the Board of Trustees. A new board and governan portal (Governan 360) was intrOdUd in September 2025, which gives all Board members a¢sS to meeting minutes, documents and policies along with the Risk Register. Responsibility for strategy, planning and the day-to-day management of operations is delegated lo the Senior 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 the year. as well as through regular one-lo-one meetings, between the Chair of the Board of Truslees and the Chief Executive. The committee meeting protocol continues to be updated to ensure that there is a regular review of key issues. such as investment. risk management, performance data and regulalory monitoring. Calum Nisbel, who had been appointed as interim CEO in November 2023 was made permanent in March 2024 and remains in post as CEO. David Rogers was ratified as Chair of the Board of Trustees in December 2023 and remains in posl. Douglas Brown was ratified as Vice Chair. Callum Russell was ralified as Treasurer. The Chief Executive is not a member ofthe Board. The charity currently employs 70 (2024- 65) Staff.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Risk Management To coincide with the implementation of the new cloud portal Governan 360, the Senior Management Team carried out a full review of the Risk Register and gained Board approval. Risks are split into Strategic and Operational Risks. All risks are currently loaded and available to view on a portal. Governance 360. FAR Committee review all Operational Flisks over the year and receive SLT suggestions at each meeting, to report any significant changes to the Board. Board review Strategic and high-level risks annually and approve risk ratings suggested by FAR. Under the new system the risks are categorised into a five-colour coded scoring system. Risk scoring is based on likelihood and impact. as follows= Colour Daik green Lighi gteen Yellow 8-14 15-19 2(k24 25 Datk Red How Our Activities Deliver Public Benefit The Trustees have referred to the Charity Commission's general guidance on public benefil and feel thal the existing aims and values meet the requirement sel out for small charities. A review of the mission aims, and core values has been undertaken, and it is fell that they remain relevanl to the charity's purposes. Mental illness makes no distinctions. 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 wilh Ihe combination of Covid and the cosl of living crisis, more people are seeking help. KPG works in an environment where our services are needed more than ever, and our independence allows us lo have a greater impact. Poor mental health continues to increase- 1 in 4 experience poor mental health About 20/0 of people have severe mental health needs. with the complexity of needs increasing 1 in 3 adults with menlal health needs is due to adverse childhood events 1 in 5 young people have a diagnosable mental health condition Isolation is a killer People with mental health needs have low levels of employment, increasing inequality and most live in insecure accommodalion Up 10 66 % of homeless people have mental health needs Stress is one of the top two reasons for staff absence nationally Someone dies by suicide approximately every two hours in the UK
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) How Our Activities Deliver Public Benefit (continued) Alongside the increase in demand and complexity of mental health illness, there are a number of external factors that will continue to impact our activity and also provide opportunities. It is a dynamic, fast-moving. changing environment. with all agencies under financial pressures Housing, social care and health systems are under acute pressure Local authority budgets are reducing-our Iraditional source of funding New solutions and systems thinking is required for skills shortages. system failures, and increasing demands At The Kaleidoscope Plus Group. equal access to all our services is of paramount importance. We monitor our performance against both contractual and sector expectations across all service areas to ensure that effective services are implemented, any gaps are easily identified, and work with a wide range of Commissioners to develop appropriate inteNentions. We believe Ihal equal access to our services is vital to our success and that successful oulcomes must be shared by all sections of the community. Our main activities for the year continued to meet The Kaleidoscope Plus Group's Mission and Aims and were implemented through the provision of a number of services: Nicholl Grange Care Home Residential care for 14 people, slructured lo 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 home caters both for people who have a long-term 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 to this scheme where the residenls receive support from the care home staff to facilitate a greater degree of long-term independenl living. Without such a service. local people suffering from mental health illness would nol be able to gain the support and confidence to live fulfilling and independent lives. Independent Living Service (ILS) An individual shared propety accommodating 2 individuals who have been in long term institutionalised care. They are enabled to live independently in the community wilh 2417 on site support. Sandwell Outreach Recovery Team (SORT) Scheme A Floating Support scheme which supports 100 people. Those who receive supporl have mental health issues and challenges and the SORT scheme helps Ihem maintain independent living in their own homes. Sancluary Hub For people living in Sandwell who feel that they may be reaching crisis point and need immediate support. The purpose of the SeICe is to prevenl individuals from presenting at A&E which is both ineffective for the needs and causes delays. The seNice is available 365 days a year and is open 5 pm to 11 pm Monday to Friday and 12 noon-11 pm at the weekend. Community Offer A source of support for people in West Bromwich providing general advi. guidance and advocacy for people who may be suffering with their emotional health.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Counselling wilh Kaleidoscope This service provides counselling in various modalities lo anyone who may need it. The service is chargeable but aflordable, providing access to those on low income. It is delsvered face to face and online and is available to anyone in Ihe country. Primary Mental Health Workers (PMHW) The PMHW teamwork with children and young people. families, carers. and professionals providing support where there are emotional or mental health COnmS in relation to the young person. Mental Health Support Text Setvice The suicide prevention text line SeiCe in partnership with SHOUT continues to save lives. This national service is available 241710 anyone in the UK and can be accessed free ol charge. Trained crisis SHOUT volunteers help those who contact the Servi to stay safe and provide guidance on services available to support them. Menial Health Crisis Breathing Space {MHCBS) The service offers those receiving mental health crisis Ireatment a break from the organisations they owe money to, so people can focus on their recovery. KPG are the trusted menlal health partner, providing information. advice and guidance. In addition, they have a dedicated Approved Mental Heallh Professional IAMHP) who is able to give sound advice based on Ihe Mental Health Act and project regulations. Ambassador Programmes The NHS funded programmes help reach underserved communities and to address health inequalities in accessing services across the Black Country. An example of this is collating feedback on the new Sandwell Hospital and improved access to services. Talking Therapies Plus (rrp) A free and confidential Counselling service for individuals 18 and older who reside in Sandwell supporting menlal health challenges like anxiety. slress. depression and bereavement. In addilion, we also provide the triage service, acting as a single point of access to ensure people are referred to the right partner Servi to meet their needs. This is funded through the NHS and managed by Communities in Sync {CiS}. The Longleigh Foundation This foundation works in partnership with Housing Associations, to improve the wellbeing of social housing residents. KPG are funded lo work wilh Stonewaler residents, providing online and telephone counselling support lo improve their menlal health. Beyond Detention An Immigration Removal Centre providing emotional and practical support to delained people. while a decision is made on their migration status. KPG deliver weekly psychoeducation sessions to people who have experienced trauma and need support and guidance on how to manage their mental and emotional health. Subsiance Use Recovery Working in partnership with SMBC has given KPG excellent opportunities to work across a number of projects. Particularly in collaboration with Cranstoun, a substance misuse recovery service. Examples include peer support groups, psychoeducation and a 'reducing stigma, campaign.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Subslance Use Recovery (conlinued) Most recently the Training Team have translated the psychoeducation programme into Punjabi to reach wider communities lo support recovery. Rein and Shine An innovative project supporting primary school aged children, helping them to deal with anxiely, stress and worry. Working in partnership with a local riding Sch1, children are invited to connect with horses, including grooming, patting, caring and bonding as well as a short, assisled ride. Animal sessions are followed by a 30-minute wellbeing and psychoeducalion to explore menlal heallh, wellbeing, thoughts and feelings. UK Shared Prosperity Fund The funding is a central pillar of the UK govemment's Levelling Up agenda. The aim of this funded project is to improve and widen access to public seNices by providing mental health training and support. KPG'S unique project trains people in training skills. peer mentoring and group work skills so people can work wilhin their own communities to promote health and wellbeing. Caring for Carers Funded through SMBC, KPG deliver specific wellbeing sessions to carers across Sandwell. This includes specific 'MOT' sessions. support groups and training to support both paid and unpaid carers. Menlal Health Support Groups Funded through SMBC, the Community Engagement leam provide a safe space for people to come together lo share experiences and learn effective ways to manage their mental health. Groups include, Coffee and Chat, Lads, Let's Chat (men's mental health group). Hoarding Support Group and Bereavement Groups. Training The charity provides an internal training seNice to all staff. particularly those slaff who are at the forefront of the organisation's work in Care, Support & Community serViS. Internal training offers a service which ensures our staff are well versed in the full range of legislative and specialisl knowledge relevant to their area of work, to enable them lo provide competent services of a high standard. Safeguarding, Health & Safety and Fire Marshall Iraining lake place each year. All employees also have to complete a suite of short online modules throughout the year that cover security awareness and include topics such as: Cyber Security. Working Remotely. Phishing. Cloud Security, Public Wi-Fi etc. The charity has also increased its external training including Mental Heallh Firsl Aid, Suicide Awareness Training, Neurodiversity awareness and a bespoke mental health and wellbeing training programme to a range of businesses, partners and individuals. There are several staff who are now qualified trainers and carry out training in specific areas of mental health. Training for users of other services and the general public relating to mental health and the range of self-help issues is also provided. Fundraising Fundraising has become an imporlanl focus for the charity over renI years and the charity is early on in its journey of devising a formal approach, however the organisalion follows and adheres to Ihe fundraising regulator standard. A new Fundraiser was appointed in June 2024 and is tasked with creating engaging fundraising activities throughout the year to build our database of fundraisers and corporate partners.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Financial Review For the yearended 31 st March 2025, the Charity's operations resulted in an overall net deficit of £81,234 {2024= £156.273 deficit). The deficit primarily arose from the cessation of contractual income and a reduction in revenue generated through fundraising activities. Consequently, this led to an operating deficit of £84,63812024'. £201,136). The results for this period include legacy income of £170,000, which provided a significant one-ofl contribution to overall performance. Recognising the non-recurring nature of such income, the Charity's 2023-2026 business plan places a strong emphasis on income diversification and long-lerm revenue gr0h lo ensure financial sustainability. Reserves and Investment We hold unrestricted general reseNes to provide cover for unexpected changes in income and expenditure, allowing us to continue key activities in the event of- A temporary loss of income, giving time to adjust the business model or source other income streams. Manage short-term financial commitments the Charity is exposed to in the event of loss of income. Unrestricted reserves are those funds which are not committed to specific projecls or set aside forfulure use. The Trustees aim to ensure that unrestricted reserves are maintained at a minimum level of £1,100,000. This is based on a review in March 24 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 £1,300,000. At the end of the financial year, the reserve level was slightly below the target. with the unrestricted reserves. excluding Designated Funds, being £1.257,118 (2024: £1,399,914)- Investments Quilter Cheviot manages the multi-asset portfolio of equity, fixed interest and alternative investments in accordance with their ethical investment and medium risk policy. The ethical restrictions apply and they manage the porttolio within the agreed asset allocation bandings, they report on a regular basis to the Board of Trustees. The agreed bandings for 202412025 were. Fixed Interest 20to40% UK Equities 20 to 35°/. Overseas Equities 25 to 35% Alternatives O to 250/. KPG investments are benchmathed against the MSCI WMA Private Investor Income index. However, typically we also compare against our peer group composite as reported by ARC. The corresponding benchmath to the Kaleidoscope's QC portfolio is ARC Sterling Balanced Asset. Over the long term, the portfolio remains comfortably ahead of ARC over a 3- 5- and 10-year periods. Following recommendations from Quilter Cheviot, at the May 2025 FAR Committee meeting the Board revised the bandings for 202512026. Future Operations The Kaleidoscope Plus Group is continuing a process of an on-going service review to ensure Ihal relevance of service and qualily, remain a key focus. The charity is making excelleni progress in developing ils commercial work in the wider geography and into new seclors. The current cost of living crisis is likely to conlinue to have an impact on the charity and its staff and as set out in the Charity's 2023-2026 three-year strategic plan the trustees and leadership are seeking ways to ensure income generalion and diversification remain a f(US. Despite the challenges, contractual targets and relationships with commissioners remained strong with commissioned income continuing and some contracts confirmed and extended, therefore not materially affecting the Kaleidoscope Plus Group which remains to be a going concern.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 TRUSTEES, ANNUAL REPORT (continued) Future Operations {continued) The Government's decision to raise National Minimum Vvage, Employers National Insurance and reduce the Nl thresholds at the start of the next financial year is estimated to add £81k to the charity's wage bill which will create fresh challenges in 2025-26. Disclosure of information to Auditors In so far as the directors are aware: there is no relevant audil information of which the charitable company's auditor is unaware., and the trustees have taken all the steps that they ought lo have taken in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditor is aware of that information. Auditors The external audit service went outfortender in 2023. in accordance with section 485 of the Companies Act 2006. The successful audiling firm is now in post. Small Company Provisions 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 30th September 2025 and signed on ils behalf by; Chair of the Board of Trustees Name: David Rogers Signature.. D Rogers £y
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 STATEMENT OF TRUSTEES. RESPONSIBILrriES The trustees {who are also directors of Kaleidoscope Plus Group for the purposes of company law) are responsible for preparing the Trustees, Annual Reporl and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}- Company law requires the trustees to prepare financial staternents for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of aff airs of the charitable company and of the incoming resources and applicalion of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statemenls, the trustees are required to- Select suitable accounting policies and then applythem consistently. Observe the melhods and principles in the Charities SORP 2019 {FRS 102). Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charilable company and enable them to ensure that the financial staternenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware. and the trustees have taken all steps that 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 trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's websile. Legislation in the United Kingdom governing the preparation and dissemination of financial stalemenls may differ from legislation in other jurisdictions.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 INDEPENDETrrr AUDITOR'S REPORTTO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP Opinion We have audited the financial statements of The Kaleidoscope Plus Group (the 'charitable company,) for the year ended 31 st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland- {United Kingdom Generally Accepted Accounting practi). In our opinion, the financial statements- give a true and fair view of the state of the charilable company's affairs as at 31 st March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended" have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Praclice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs IUK}l and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and the parent charity in accordance with the ethical requirements that are relevant to our audit of Ihe financial statements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance wilh Ihese requirements. We believe that the audil evidence we have obtained is suff icient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Annual Report, olher than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within Ihe Annual Report. Our opinion on Ihe financial statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 INDEpENDEr AUDITOR'S REPORTTO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP (continued) In connection with our audit ofthe financial statements. our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit. or otherwise appears to be materially misslated. If we identify such material inconsislencies or apparent material misslatements, we are required lo determine whether there is a material misstatement in the financial slatements or a malerial misslatement of the other information. If, based on the work we have performed, we conclude Ihal there is a material misstatement of Ihis other informalion, we are required to report that fact. We have nothing to report in this regard. Opinions on olher 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 Trustees. 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 requiremenls. Mallers on which we are required lo report by exception In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matlers in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- adequate and proper accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. the trustees were not entitled to prepare the financial statements in accordance with 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 Truslees As explained more fully in the trustees, responsibilities stalement sel out on page 14, the truslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation ofthe financial stalements 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 misstatemenl, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going COnM, disdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic altemative but to do so.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 INDEpENDEr AUDITOR'S REPORTTO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP (continued) Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect 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 expected to influence the economic decisions of users taken on the basis of the financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We have considered the nature of the sector, control environment and the Charity's performance" We have considered the results of our enquiries of management and the Trustees in relation to their own identification and assessment of the risks of irregularities- We have reviewed the documentation of key processes and controls and performed walkthroughs of transactions lo confirm thal the systems are operating in line with documentation- We have identified any matters having obtained and reviewed the Charity's documentation of their policies and procedures relating io: identitying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations- We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the OPFX)rtunities and incentives that may exist within the organisation for fraud, which included incorrect recognition of revenue. management override of controls using manual journal entries. purchase ledger, and identified the greatest potential for fraud as incorrect recognition of revenue and management override using manual journal entries In common with all audits under ISAS {UK}, we are also required to perform specific procedures to respond lo the risk of management override.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 INDEPENDEf+rf AUDITOR'S REPORTTO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP (continued) We have obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of Ihose laws and regulalions thal had a direct effecl on the delermination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Act 2011. Charity SORP 2019, FRS102 and the terms and conditions attaching to material grants received by the Charity. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but Complian with which may be fundamental to the Charity's ability to operate or to avoid a material penalty. These included the Health & Social Care Act, data protection regulations, health and safety regulations. employment legislation, the Code of Fundraising Practice and gambling legislation. Our procedures to respond to risks identified included the following= Reviewing the financial statement disclosures and lesting to supporting documentalion lo assess compliance with provisions of relevant laws and regulalions described as having a direct effect on the financial statements- Performing analytical procedures to identity any unusual or unexpecled relationships that may indicate risks of material misstatement due to fraud- Reviewing minutes of Trustee meetings- Enquiring of Trustees and managemenl concerning actual and potential litigation and claims- Performing detailed transaclional lesting in relalion lo the recognition of income. specifically grants and legacies, with a particular focus around year-end cul off; and In addressing the risk of fraud through management override ofcontrols. testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a potential bias- and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert lo any indications of fraud or non-compliance with laws and regulations throughout the audit. As a resull of the inherent limitations of an audit, there is a risk that not all irregularities, including a material misslatemenl in financial stalements or non-compliance with regulation, will be detected by us. The risk increases the further removed compliance with a law and regulation is from the events and transactions reflected in the financial statements, given we will be less likely to be aware of it, or should the irregularity occur as a resull of fraud rather Ihan a one-off error, as this may involve intentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at vwM.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's reporL
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 INDEPENDEf+rf AUDITOR'S REPORTTO THE MEMBERS OF KALEIDOSCOPE PLUS GROUP (continued) Use of the audit report This report is made solely to the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body for our audit work, for this report. or for the opinions we have formed. Andrew Wood FCCA (Senior Statutory Auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants and Statutory Auditor 1- 3 College Yard Worcester WR12LB Date: 8 December 2025 Bishop Fleming Audit Limited are eligible lo actas auditors in terms of section 1212 ofthe Companies Act 2006.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for Ihe year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Notes Income from Generated tunds: Voluntary income Donalions Activities for generating funds Fundraising Investment income Bank interest Dividend income Charitable activities Contract and charges Residential Support SeNices Community services Training and other Income 175.568 175,568 20,950 26.365 26.365 33,953 30.108 19,512 30,108 19,512 44,139 19.391 691,259 357.326 740,502 131.909 691,259 357,326 800,619 165,744 673,013 306,467 1,010,000 80,073 60,117 33,835 Total income and endowments 2.172,549 93.952 2,266,501 2,187,986 Expenditure on: Charitable activities Raising Funds Total expenditure 2.271.796 68,455 2.340,251 10,888 2,282.684 68,455 10.888 2.351,139 2,263,997 125125 2,389,122 Net {deficit)lincome for the year before other recognised gains and losses (167.702) 83.064 (84,638) 201 136 Olher recognised gainsl(losses) Realised {losses)/gains on investments Unrealised {losses}/ gains on investments 12 12 3,335 69 3,335 69 15461 45,409 Net incomel (Expendilure) for the year (164,298) 83,064 (81,234) 1156,2731 Fund balances brought forward ai 1 April 2,319,380 142,554 2,461,934 2,618,207 Fund balances carried forward at 31 March 2,155,082 225,618 2,380,7(KI 2,461,934 The Statement of Financial Activities includes all gains and losses recognized in the year. The notes on pages 23 to 35 form part of these financial stalemenls.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 Fixed assets Intangible assets Tangible assets Listed investments 10 11 12 22,277 698,233 716,493 1,437,003 25,352 716,660 696,732 1.438,744 Current assels Debtors.. due within one year Investments Cash at bank and in hand 13 14 258,438 572,961 393,161 207,132 927,863 92,121 1,224,560 1,227.121 Credilors: amounts falling due within one year 15 (280.863) {203,931) Net current assets 943,697 1.023.190 Total assets less Current liabilities 2,380,700 2.461,934 Total Funds 16 Designated funds Restricted funds General funds 897,965 225.617 1.257.118 919,466 142,554 1,399,914 Total funds 2,380,700 2,461,934 The Truslees acknowledge their responsibilities for complying with the requirements of Ihe Act with respect to accounting records and preparation of financial statements. The financial stalements were approved and authorised for issue by the Trustees on 30th September 2025 and signed on behalf by: Chair of the Board of Trustees Trustee Name: David Rogers Name: Douglas Brown Signature.. D Rogers Signature: D Brown £y' The notes on pages 23 to 35 form part of these financial statements.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 STATEMENTOF CASHFLOWS FOR THE YEAR ENDED31 MARCH 2025 Noles 2025 2024 Cash flows from operaling aclivities: Nei cash provided byl(used in) operating activities Cash f lows from investing activities: Purchase of propety. plant, and equipment Purchase of investments 16,602) {76.660) 73,386 30,108 19,512 {13.083) 354,907 111.873) 170,2121 64,056 44,139 19.391 34.052 161,356 Proceeds from sale of investments Interest received Dividend income Decrease in cash placed on deposit with managers Increase in cash placed on deposwt wilh bank Net cash used in investing activities 381,568 240,909 Net decrease in cash and cash equivalents in Ihe reporting period 301,040 {157,142) Cash and cash equivalents at the beginning ofthe year 92.121 249,263 Cash and cash equivalents at the end of the year 393,161 92,121 2025 2024 A) Reconciliaiion of nei income to nei cash flow from operating aciivities Surplusl (Deficit) for the financial year Adjustments for= Depreciation Amortisation {81,234) {156,273) 25,029 3.075 {51,306) 76,932 {30.108) {19.512) 13,3351 (69) 31,199 3,074 {92,424} {75,234} {44,139} {19,391) 546 Decreasel{increase) in Irade and other receivables {Decrease)Iincrease in trade payables Interest received Dividend Income Realised gain on investments Unrealised Igains)llosses on investments {45,409) 221Page
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTESTOTHE FINANCIAL sTATEME1s General information Kaleidoscope Plus Group is a private company limited by guarantee. incorporated in the UK and registered in England and Wales. The registered office is 321 High Street, West Bromwich, West Midlands, B70 8LU. Accounting policies The main accounting policies adopied in the preparalion of these accounts are.. Basis of accounting The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Slandards applicable in the UK and Republic of Ireland {FRS 102), Ihe Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland {FRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted practice. b) Going concem Kaleidoscope Plus Group Charitable Activities. ils current financial position. and faclors likely to affect its future operations are all set out in the Trustee's report. The trustees consider that there are no material uncertainties about Kaleidoscope's ability to continue as a going concern and there are no unplanned material uncertainties affecting the current yearfs accounts. The entity has adequate resources to continue in operational existence for the foreseeable future. Key areas of management judgement and estimation uncertainty When preparing the financial statements, management makes a number of judgements, eslimates and assumptions about the recognition and measuremenl of assets. liabilities, income. and expenses. Management is of the opinion that there are no key areas of management judgement or estimation uncertainty adopted within the financial stalements. d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes that do nol contain legally binding reslriclions. Restricted Funds are funds which are available for a specific use determined by the funder. Investment income gains and losses are allocated to the appropriate fund. Income Donations are accounled for on a receivable basis. Income from fees charged for seNices is recognised on completion of the services performed. Income where payments are linked to restrictions i.e., performance 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 accrual's basis. Income from quoted investments is recognised at the date the dividend is declared.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) Accounting policies (continued) 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 placed on the markel, and the sale process completed in May 2025. Income was received of £170,000. t) Legacies Income The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to eslimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Gharity has sufficient evidence Ihal a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor} and the executor is satisfied that the propety in question will not be required to satisfy claims in the estale. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. g) Resources expended Resources 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 accounting, care and support seNices management. information technology and human resources are allocated across the categories of charitable expendtture, in proportion lo total direct spend in each activity- Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistenl with the use of the resources. Costs of charitable actrvities comprise all costs identified as wholly or mainly attribulable to achieving the charitable objects of the charity, including the costs of disseminating information in support of charitable activities. These costs include slaff costs, wholly or mainly attributable support costs and an apporlionmenl of general overheads. Governance costs comprise all costs identified as wholly or mainly attributable to ensuring public accountability of the charity and its compliance with regulation. These costs include external audit and Trustee costs. h) Fixed assets Intangible fixed assets are stated at cost. less amortisation and consist entirely of software development costs. Amortisation is provided over ten years using the straight-line method lo write off the cost of Ihe inlangible assets over Iheir estimated useful life. Tangible fixed assets are slated at cost less accumulaled depreciation. Assets costing less than £500 are fully expensed in the year of purchase. Assets costing above this amount are capitalised as langible 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 straight-line method= Buildings (excluding land) Property, Plant and Equipment IT Equipment Over 50 years Over 5 years Over 3 years
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMENTS (conlinued) Accounting policies (conlinued) Gifts in kind The value of the work done by volunteers is of significant value to Kaleidoscope Plus Group and to the people who use its services. The woth of volunteers is greatly appreciated, but in accordance with the SORP no monetary value has been placed on their conlribution in the financial statements. i) Taxation No corporalion tax has been provided in these accounts because the income of the Charity is within Ihe exempiions granted by Sections 466 10 493 of the Corporation Taxes Act 2010. k) Operaling lease renlals Operating lease rentals are charged to the income and expenditure account on a straight-line basis over the lease term. Investments Investments have been included at market value as at the balance sheet date. Gains and losses arising from the disposal of investments are calculated at net sales proceeds, less carrying value. Unrealised gains and losses from the revaluation of investments are recognised in the statement of financial activities. Debiors Trade and other debtors are recognised al the settlemenl amount after any Irade discount offered. Prepayments are valued at the amouni prepaid nel of any trade discounts due. Currenl asset investments Short lerm investmenls include cash on deposit with a notice period of more than three months but less than one year. Cash at Bank and in Hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. p) Liabililies and Provisions Liabilities are recognised when there is an obligation at the Balance Sheet date, as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount Ihal the Company anlicipates il will pay to settle the debt or the amount il has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at Ihe pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cosl.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) Accounting policies (continued) q) Pensions The charity operates a defined contribution scheme. The annual employers, pension contributions payable. are charged to the Statement of Financial Activities. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at Iransaction value and subsequently measured al their settlemenl value. Incoming resources by source 2025 2024 Government Grants Other Grants Residential and Intensive Support Contract Income Training Fees Counselling Fees and Olher Income Investment Income Charitable donations and Fundraising 269,160 46,134 691,259 888,785 60,149 59,462 49,619 201.933 344.820 25,383 673.013 971.648 22.645 32.045 63,530 54,902 Investment Income 2025 2024 Dividend Income Interest on bank accounts and shorl-term depostts 19,512 30,108 19,391 44,139 49.620 63,530
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 4. Resources expended Charitsble Activtties Staff Costs Depreciation other Total Total Costs Unrestricted Restricted Total 2025 Total 2024 Residential Support 698,432 7.342 186,302 892,076 892,076 783,982 Community & Floating Support 554.269 12.119 86.787 652.325 850 653,175 675,945 Talking & Crealive Therapies 478,832 5,425 56,653 531,396 9,515 540.910 603,622 Training 85.252 1.352 21,671 108.491 (216) 108,274 102,965 Awareness raising & publicily 10.700 376 12,142 23.219 23,219 45,415 Governance {note 71 15.107 531 49.392 65.030 65.030 52,068 1,842,592 27,145 412,947 2,272,535 10,149 2,282,684 2,263.997 5. Resources expended Raising Funds Staff Depreciation her Costs Costs (Includi Support costs) Totsl Unreslricled Total Restricted Totsl 2025 Total 2024 Expenditure on Raising Funds 60,708 958 6,788 68,455 68,455 125,125 1.903.300 28,103 419.736 2.340,990 10.149 2.351.139 2,389,122
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) Support cosis Finance I admin & general management Volunteers Total Total 2024 Residential & Intensive Support Communily & Floating Support Talking & Creative Therapies Training Awareness raising & publicity Governance Raising Funds 221,580 190,075 114,593 28.097 13.647 19.267 21.108 16,166 13,867 8,360 2,050 996 1,406 1.540 9,442 8,100 4,883 1.197 582 821 899 247,188 221,466 212,042 233,254 127,836 202,055 31,344 33.913 15.225 16,957 21,494 16.957 23.547 27,072 608,367 44.385 25,924 678,676 751,674 Governance costs comprise 2025 2024 Apportionment of costs supporting governance activtties Professional fees Audit fees Other 15,638 11.417 24,500 13.474 12,446 1.175 29,595 8,852 65,029 52,068 Nel Income 2025 2024 Net Income slated after charginglcredtling: Auditor's remuneration Audit Depreciation Depreciation= Building Amortisalion Operating Leases- Office Equipment 24.500 10,763 14.266 3.075 3,120 29,595 16,933 14,266 3,074 9,940
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) siaff cosis 2025 2024 Wages and Salaries Employer's Social Security costs Employerfs Pension costs 1.659.380 144.250 1,576,163 137,531 1,876,060 24,559 1,777,384 58,861 Agency costs Recruitment costs 1,903,300 1.842,128 Staff Costs per function are as follows= 2025 2024 Costs of generating charitable activities Management and administration 1,382,138 521 162 1,289.429 552 699 1,842,128 1.903.300 Trustees, and key management personnel remuneration One employee had employee benefits excluding employer pension costs in excess of £60,000 {2024= 2}- During the year, no termination payment was made, {2024'. £15,0001- During the year, the organisation had 4 managers whose total key management personnel remuneralion costs amounted to £269.170 (2024: £219,147). Employers nalional insurance contributions in respect of Ihese individuals were £26.761 (2024: £20,639) and pension conlributions were £11.003 (2024: £7,100). No employee was a Trustee on the board in year-ending March 2025, {2024= £Nil)- The prior year comparative balances below have been reclassified between Trustee remuneration and key management personnel remuneration following the resignation as a Trustee in December 2022. The total remuneration for the year ended 31 March 2024 remains unchanged. As rested 2024 2025 2025 2025 2025 Basic Employerfs Pension TOTAL TOTAL Trustee Remuneration Key Management Personnel Total Key Management Personnel Remuneration 231,406 26,761 11,003 269,170 219,147 231.406 26,761 11.003 269.170 219,147 The average number of full-time equivalent employees excluding agency workers, analysed by function is: 2025 Number 2024 Number 41 Direct charitable services Management and administration Raising Funds 16 55 Head Count 70 65
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 10. Intangible Assets Software Development Total At 1 April 2024 Additions Disposals Cosi at 31 March %)25 38,298 38.298 Amorlisation At 1 April 2024 Gharge toryear Amortisalion at 31 March 2025 (12,946) (12.946) Net book amount al 31 March 2025 Net book amount at 1 April 2024 11. Tangible Assets Freehold Land & Buildings Fixtures & Fittings Equipment Total Cosi At 1 April 2024 Additions Disposals 756.483 52.304 2,197 76,018 4,405 884.805 6,602 Cost at 31 March 2025 756.483 54,501 80,423 891,407 Deprecialion At 1 April 2024 Charge for year Disposals (58.197) (14,266) (47,183) {2,9231 {62,766} 17,8391 {168,145) 125,0291 Depreciation at 31 March 2025 (72.463) (50.106) (70.605) (193,174) Net book amount at 31 March 2025 Net book amount at 1 April 2024 684,020 698.286 4,395 5.121 9,818 13,253 698,233 716,660
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 12. Investments 2025 2024 Opening Balance at 1 April Additions at cost Realised gains/ (losses) on investments Unrealised gains/ {losses) on investments Disposals Market value al 31 March Cash Held on Deposit Total investments 673,536 76,660 3,335 622.517 70,212 (546) 45,409 164.056) 673,536 23,196 696,732 (73,386) 680,214 36,279 716,493 2025 2024 Market value at 31 March comprises: Listed investments UK Overseas 436,947 243.267 36,279 376,741 296,795 23,196 Cash held on deposit 716.493 696,732 Historical cost value 31 March 696,732 615,119 Included within the portfolio are the following investments which comprise more than 5 % of the market value of the portfolio: Percentage ot Portfolio Market Value 2025 SCHRODER INTL SEL US LARGE CAP X GBP DIS UK(G0 OF) SNR 2211112029 GBP 8.31F/. 5.100/. 56,555 34,396 13. Debiors 2025 2024 Amounts falling due within one year Trade Receivables Prepayments Accrued Income Other debtors 43.508 19.894 189,453 5.583 258.438 148,087 24,071 29,854 5,120 207,132 Accrued Income includes legacy gift income of £170,000 which is an expected receipt from the eslate of Mr. Stephen Charles Wood, confirmed by the firm Jordans Solicitors.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 14. CUrnt Asset InveMeth$ 2025 2024 Short term deposit accounts 572,961 927,868 572,961 927,868 15. Creditors 2025 2024 Amounts falling due within one year Trade Payables Other taxation and social security Accruals 20,397 35,365 78,424 130,895 15,782 280,863 17,712 34,172 60,978 74,965 16,104 203,931 Deferred income Other creditors 2025 2024 Deferred Income: Brought fOard Released in year Received 74,965 125,209 (74,965) (125,2091 130,895 74,965 130,895 74,965 carried fOard Deferred Income comprises amounts r1Ved in advance for contracted services which are due to be rendered in 2025126.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 16. Analysis of net assets between funds General fund Restricted fund Designaled Total funds Fund balances at 31 March 2025 Are represented by: Fixed assets Investments Current assets Current Liabilities 720,510 720,510 716,493 1,224,560 1280,863) 2,380,700 716,493 821,488 (280.863) 1.257.118 225.617 177,455 225,617 897,965 General fund Reslricted fund Designated Tolal lunds Fund balances at 31 March 2024 Are represented by: Fixed assets Investments Current assets Current liabilities 742,012 742,012 696,732 1,227,121 1203,931) 2,461,934 696.732 907.113 {203,931) 1,399,914 142,554 177.454 142,554 919,466 17. Statement on the movement of funds Balance al start of year Balance at end ol year Investment Gains Incoming Outgoing Transfers Restricted funds Unrestricted funds Designated fund General funds 142.554 93.952 (10,888) 225,617 919.466 1.399.914 2.182,469 (2.340.251) (21,501) 897,965 21.501 1,257,118 (6,516) Tolal funds 2,461,934 2,276,421 {2,351,139) (6,516) 2,380,700
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) Designated funds represent the followng: Following the sale of the land and building at 153 High Street Dartmouth Square, the Designated funds consist of £57.454 funds for refurbishment and major repairs at Hope Place which is the off ice where the organisation carries out its principal business activilies. Investmenl in affordable counselling. During 24125 £nil investment was required (2024.. £nil) leaving £120,000. The service will be reviewed each year for financial sustainability- The remainder of the designated funds of £720,511 12024.. £742,012) represents the net book value of the intangible and langible fixed assets at the year end. Future depreciation will be charged against Ihe fund over the remainder of Ihe useful life of the fixed assets held. Restricted funds represent the following: SMBC Carers Wellbeing £31,803, SMBC Recovery £5,600, SCVO EWB, £3,611 and UKSPF £19,101. Longleigh Foundation £28,210 and Match Funding £5,625. Funds received towards the costs for suicide prevention and suicide bereavement work Funds held at the end of the year £23,338. Other suicide prevention work £2,329. Funds received towards the suicide prevention helpline suicide raised by Nick Mowl. Funds held at the end of the year were £22,806. Funds received for Mental Health £12,769, Drug and Alcohol £9,498, Adult Garers Well-being £18,714. Youth EWB Training £3.026 and UK Shared Prosperity Fund £15.031. Funds received for a Drama Therapy Group. Funds held at the end of the year £2,292. Funds received for Be Creative project £21.864. General Funds are lo be used for any of the charitable aims of the charity. The use of general funds is not restricted to any particular purpose of the charity. 18. Transactions wilh Twslees There were nine Trustees on board during the year. No Trustees were paid reimbursemenl of the costs of Iravelling io meetings in the period, £nil {2024- £nil). Trustee remuneration is disclosed in Note 9. Insurance to indemnifythe Trustees against defaulton their part is included as part ofthe overall insurance package purchased by the charity. and the cost is not separately identifiable. Limits can be identified as follows= Trustee Indemnity £1,000.000 Professional Risks £5,000.000.
Kaleidoscope Plus Group Co No: 04660523 Registered Charity No= 1096473 Year ended 31 March 2025 NOTES TO THE FINANCIAL STATEMEKfs (conlinued) 19. Capital Commitmenls and Operating leases There were no capital commitments contracted for as at the end of March 2025 (2024.. £nill. At the 31 March 2025, the charitable company had future minimum lease payments under non - non-cancelable operating leases as follows: 2025 Office Equipment 2024 Off ice Equipment Operating leases which expire.. Within one year Within two to five years years 3,120 4.094 3.120 Related Parties Net Income and payments made to and from other Related Parties during period ending March 2025 amounted to Nil (2024: £432). 21. Pensions and olher posl-relirement benefits The charity operates a defined contribution plan for its employees. The amount recognised as an expense in the period was £72,430 (2024= £63,690). Pension contributions outstanding at the year-end £Nil {2024= £72).