| Page | |
|---|---|
| Report of the Trustees | 1-7 |
| Reportofthelndependent Auditors | 8-11 |
| Consolidated Statement of Financial Activities | 12 |
| Balance Sheet-GroupandCharity | 13 |
| Consolidated Cash Flow Statement | 14 |
| NotestotheFinancial Statements | 15-46 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| INCOME FROM: | Note | UnrestrictedDesignated Funds Funds €Ê |
Restricted Funds € |
Funds 2021 e |
Funds 2020 € |
|
| Donations | 4 | 5,426 | 5,426 | 986,801 | ||
| Charitable activities | 6 | 14,231,671 | 14,231,671 | 14,520,269 | ||
| Other trading activities | 43,'t 09 | 43,109 | 52,551 | |||
| lnvestment income | 5 | 13,140 | 13,140 | 38,514 | ||
| Totaloperating income | 14,287,9205,426 | 14,293,346 | 15,598,135 | |||
| EXPENDITURE ON: | ||||||
| Raising funds Charitable activities |
7 | 105,789 14,250,767 |
214,366 | - 814 |
105,789 14,465,947 |
117,025 14,536,329 |
| Totaloperating expenditure | 14,356,556 | 214,366 | 814 | 14,571,736 | 14,653,354 | |
| Net (expenditure)/income | (68,636) | (208,e40) | (814) | (278,390) | 944,781 | |
| Net gains/(losses)oninvestments | 121,413 | 121,413 | (2e,338) | |||
| Transfers between funds | 22 | (238,528) | 238,528 | |||
| Net movement infunds excluding Pensionliability |
(185,751)29,588 | (814) | (156,977)915,443 | |||
| Actuarial (losses)/gains on defined benefit pensionscheme 24 |
(820,416) | (820,416)1,26e,454 | ||||
| Net Movementinfunds | (1,006,167) | 29,588 | (814) | (977,3e3) | 2,184,897 | |
| Total funds broughtforuvard | 23 | 1,642,829 | 604,911 | 36,173 | 2,283,913 | 99,016 |
| Totalfunds carried forward | 23 | 636,662 | 634,49935,359 | 1,306,520 | :e:,',: |
| Group | Group | Charity | Gharity | ||
|---|---|---|---|---|---|
| Note | 2021 € |
2020 â |
2021 Ê |
2020f | |
| Fixed assets | |||||
| Tangible assets | 15 | 1,685,272 | 1,732,432 | 1,658,321 | 1,678,522 |
| Less:CapitalGrant | 15 | (1,258,310) | (1,266,310) | (1,250,310) | (1,250,310) |
| lnvestments | 16 | 968,380 | 846,743 | 972,562 | 972,562 |
| 1,395,342 | 1,3',12,865 | 1,380,573 | 1,400,774 | ||
| Current assets | |||||
| Stock | 17 | ||||
| Debtors | 19 | 3,372,460 | 4,010,474 | 3,100,853 | 3,781,917 |
| Cash at bankandin hand | 635,325 | 996,923 | 290,597 | 472,484 | |
| 4,007,785 | 5,007,397 | 3,391,450 | 4,254,401 | ||
| Liabilities | |||||
| Creditorsfallingduewithinoneyear | 20 | (2,102,7e3) | (2,548,277) | (1,424,774) | (1,916,475) |
| Netcurrent assets | 1,904,992 | 2,459,120 | 1,966,676 | 2,337,926 | |
| Netassets excluding | |||||
| pensionliability | 3,300,334 | 3,771,985 | 3,347,249 | 3,738,700 | |
| Definedbenefit pensionliability | 24 | (r,993,814) | (1,488,072) | (1,839,000) | (1,304,000) |
| Net assets | 1,306,520 | 2,283,913 | 1,508,249 | 2,434,700 | |
| Charity funds | |||||
| Restricted funds | 21 | 35,359 | 36,I73 | 3,827 | 4,641 |
| Unrestrictedfunds | 636,662 | 1,642,829 | 1,257,175 | 2,212,400 | |
| Designated funds | 22 | 634,499 | 604,91'1 | 247,247 | 217,659 |
| Total accumulatedfunds | 1,306,520 | 2,283,913 | 1,508,249 | 2,434,700 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | f | L | ||
| Netcashflow from operatingactivities26 | (250,341) | 187,606 | ||
| Cashflows from investing activities | ||||
| Payments to acquire tangiblefixedassets | (136,028) | (185,I11) | ||
| Proceeds from sale of tangiblefixedassets | 11,955 | 19,708 | ||
| Acquisitionoffixed asset investments | (740,7471 | (446,440) | ||
| Proceeds from sale of investments | 690,040 | 646,907 | ||
| Deposits from/(to)cashheld in investments | 50,483 | (15,407) | ||
| Cash acquiredfromsubsidiary merger | 494,1 30 | |||
| lnterest received | 13,140 | 44,441 | ||
| Netcash (outflow)/inflowfrominvesting activities | (111,2571 | s58,228 | ||
| (Decrease)/increase incash | 27 | (361,598) | 745,834 |
| A summary of the financialactivitiesunder | takenbyVibrance | is set out below: | |
|---|---|---|---|
| 2021 €€ |
2020 | ||
| Total income Expenditure on charitable activities Expenditure on raisingfunds |
11,251,464 (11,366,91s) |
13,300,832 (12,233,148) |
|
| Defined Benefit pension tiability | 24 | (115,451) (811,000) |
1,067,684 1,268,000 |
| Net movementinfunds Totalfundsbrought forward |
(e26,451) 2,434,700 |
2,335,684 99,016 |
|
| Total funds carried forward | 1,508,249 | 2,434,700 | |
| Representedby: | |||
| Restricted funds Unrestricted funds Designated funds |
23 23 23 |
3,827 1,257,175 247,247 |
4,641 2,212,400 217,659 |
| 1,508,249 | 2,434,700 |
| Yearto31March2021 | |||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | ||
| 2021f | 2021 e |
202 1 Ê |
2021 Ê |
||
| Donations | 5,426 | 5,426 | |||
| 5,426 | 5,426 | ||||
| Yearto31March2020 | |||||
| Unrestricted | Designated | Restricted | Total | ||
| 2020 E |
2020 e |
2020t | 2020 € |
||
| Donations | 14,239 | 14,239 | |||
| Gift ofassetsreceived | |||||
| followingmergerwithsubsidiary | 972,562 | 972,562 | |||
| 972,562 | 14,239 | 986,801 |
| Yearto31March2021 | ||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |
| 2021 Ê |
2021I | 2021 | 2021I | |
| lnvestmentincome | 13,140 | : | 13,140 | |
| 13,'140 | 13,140 | |||
| Yearto31March2020 | ||||
| Unrestricted | Designated | Restricted | Total | |
| 2020I | 2020 € |
2020 € |
2020 e |
|
| lnvestmentincome | 38,514 | 38,514 | ||
| 38,514 | 38,514 |
| INCOME FROMCHARITABLE | ACTIVITIES | ||||
|---|---|---|---|---|---|
| Unrestricted 2021 Ê |
DesignatedRestricted 2021 2021 âf |
Total 2021t |
Total 2020 Ê |
||
| Redbridge PCT/ONEL L.B. Redbridge Respite Care Essex County Council L.B.W.F. L.B.TowerHamlets Thurrock County Council L.B. Bromley Barking & DagenhamHA L.B. Merton L.B. Newham (formertytLF) Southend Rent Charges Wandsworth Haringey Other lncome |
635,707 3,629,501 5,486 2,482,654 762,726 526,261 147,820 136,995 331,971 492,201 169,683 895,750 550,566 2,374,765 1,089,585 |
635,707 3,629,501 5,486 2,482,654 762,726 526,261 147,820 136,995 331,971 492,201 169,683 895,750 550,566 2,374,765 1,089,585 |
1,006,977 4J32,964 2,489,739 1,125,723 714,280 259,145 166,769 47,926 315,378 756,299 252,261 782,419 290,759 1,931,049 248,581 |
||
| 14,231,67I | 14,231,671 | 14,520,269 |
| Yearto3lMarch2021 | ||
|---|---|---|
| Support Direct Gosts |
||
| Gosts(SeeNofe9/ 2021 2021 ft |
Total 2021 â |
|
| AccommodationBased CommunityBased SelfDirected Support |
8,243,6341,692,325 2,666,667483,521 1,138,040241,761 |
9,935,959 3,1 50,188 1,379,801 |
| Total | 12,048,3402,417,607 | 14,465,947 |
| Yearto31March2020 | ||
| Support Direct Costs |
||
| Gosts(SeeNofe9,) 2020 2020 ft |
Total 2020t |
|
| Accommodation Based Community Based Self Directed Support |
8,029,7241,743,392 3,093,098498,112 922,947249,056 |
9,773,116 3,591,2'10 1j72,003 |
| Total | 12,045,7692,490,560'14,536,329 |
| Yearto31March2021 | ||||
|---|---|---|---|---|
| UnrestrictedDesignated 2021 2021 fÊ |
Restricted 2021 e |
Total 2021 s |
||
| AccommodationBased | 9,785,088 | 150,056 | 814 | 9,935,959 |
| CommunityBased SelfDirectedSupport |
3,107,315 '1,358,364 |
42,873 21,437 |
3,150,188 't,379,801 |
|
| 14,250,767 | 214,366 | 814 | 14,465,947 |
| Yearto31March2020 | ||||
|---|---|---|---|---|
| U nrestrictedDesignated 2020 2020 ÊE |
Restricted 2020 Ê |
Total 2020f |
||
| AccommodationBased | 9,523,906 | 244,210 | 5,000 | 9,773,116 |
| CommunityBased | 3,563,945 | 27,265 | 6,591,210 | |
| SelfDirectedSupport | 1,111,316 | 60,687 | 1,172,003 | |
| 14,199,167 | 332J62 | 5,000 | 14,536,329 |
| ANALYSIS OF GOVERNANCECOSTS | ||
|---|---|---|
| Total | Total | |
| 2021 Ê |
2020t | |
| Trusteemeetings | 1,357 | 691 |
| Audit&accountancy fees | 122,145 | 54,200 |
| Legalandprofessionalfees | 23,451 | 26,054 |
| Company secretarialcosts | 4,425 | 29,493 |
| Supportcosts | 79,441 | 75,041 |
| 230,819 | 185,479 |
| Fundraising | Charitable | Total | |
|---|---|---|---|
| activities | activities | allocated | |
| Gost Type | 2021 Ê |
2021 g |
2021 e |
| Staff costs Administration Premises TravelCosts |
174,334 4,866 1,780,543 457,864 |
174,334 4,866 1,780,543 457,864 |
|
| 2,417,607 | 2,417,607 |
| Fundraising | Charitable | Total | |
|---|---|---|---|
| activities | activities | allocated | |
| Cost Type | 2020 Ê |
2020 e |
2020 Ê |
| Staff costs Administration Premises Travel Costs |
140,628 28,206 1,368,333 953,392 |
140,628 28,206 1,368,333 953,392 |
|
| 2,490,560 | 2,490,560 |
||2021
%|202',|,
I|2020
otto|2020I|
|---|---|---|---|---|
|Accommodation Based|70|1,692,325|70|1,743,392|
|CommunityBased|20|483,521|20|498,112|
|Self Directed Support|10|241,761|10|249,056|
||100|2,417,607|100|2,490,560|
| ANALYSISOF STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| I | e | |
| Wagesand salaries | 10,337,252 | 9,822,494 |
| Socialsecurity costs | 778,552 | 756,994 |
| Otherpension costs | 309,462 | 307,436 |
| Agency staff | 551,241 | 1,072,544 |
| Redundancypayments | 75,062 | |
| 11,976,507 | 12,034,530 |
| 2021 | 2020 | ||
|---|---|---|---|
| Number | Number | ||
| t60,000 Ê70,000 |
-[69,999 -Ê79,999 |
1 3 |
4 |
| Ê80,000 | -Ê89,999 | 1 | |
| t90,000 | -f99,999 | 1 |
| The average monthly number of employees during the y | ear was: | |
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| Housing/care services/catering Support services |
445 14 |
469 12 |
| Management & administration | 13 | 13 |
| 472 |
| Movement in netfundsis stated after charging | 2021 Ê |
2020t |
|---|---|---|
| Auditors remuneration Depreciation Operating lease charge Loss on disposal offixedassets Cost of stock recognisedasan expense |
49,814 171,333 295,330 |
30,800 182,573 271,530 75,210 12,135 |
| Freehold | Furniture,Motorvehicles | Furniture,Motorvehicles | Total | |
|---|---|---|---|---|
| Landand | equipment | |||
| buildings Ê |
etc.eÊ | c | ||
| Cost | ||||
| At1April2020 | 2,159,336 | 944,243 | 474,404 | 3,577,983 |
| Additions | 97,715 | 25,763 | 12,550 | '136,028 |
| Disposals | (11,855) | (11,855) | ||
| At3lMarch2021 | 2,257,051 | 970,006 | 475,099 | 3,702,156 |
| Depreciation At1April2020 |
683,721 | 890,586 | 271,244 | 1,845,551 |
| On disposals | ||||
| Charge for theyear | 63,779 | 44,205 | 63,349 | 17'1,333 |
| At31March2021 | 747,500 | 934,791 | 334,593 | 2,016,884 |
| Netbook value | ||||
| At31March2021 | 1,509,551 | 35,2',15 | 140,506 | 1,685,272 |
| At31March2020 | 1,475,615 | 53,657 | 203,160 | 1,732,432 |
| ANctBLEFTXEDASSETS-VT | BRANCE(CONTTNUED) | |||
|---|---|---|---|---|
| Freehold | Furniture, | Motorvehicles | Total | |
| Landand | equipment | |||
| buildings | etc. | |||
| Cost | f | € | t | Ê |
| At1Aprit2020 Additions |
1,908,024 97,715 |
819,687 25,763 |
474,405 12,550 |
3,202,116 136,028 |
| Disposals | (11,855) | (11,855) | ||
| At31March2021 | 2,005,739 | 845,450 | 475,100 | 3,326,299 |
| Depreciation | ||||
| At1April2020 | 484,700 | 767,650 | 271,244 | 1,523,594 |
| On disposals | ||||
| Charge for the year | 40,676 | 40,349 | 63,349 | 144,374 |
| At31March2021 | 525,376 | 807,999 | 334,593 | 1,667,969 |
| Netbook value | ||||
| At31March2021 | 1,490,363 | 37,451 | 140,507 | 1,659,321 |
| At3lMarch2020 | 1,423,324 | 52,037 | 203J61 | 1,678,522 |
| INVESTMENTS-GROUP | ||
|---|---|---|
| 2021 I |
2020t | |
| Marketvalue,broughtforward | 788,979 | |
| Assetsacquiredfrom merger | 1,018,784 | |
| Additions | 740,747 | 446,440 |
| Disposals | (6e0,040) | (646,e07) |
| Realised gain | 51,525 | 30,914 |
| Unrealisedgain/(loss) | 69,888 | (60,252) |
| Market value, carriedforward | 961,099 | 788,979 |
| Cashheldaspart ofportfolio | 7,281 | 57,764 |
| Totalinvestments | 968,380 | 846,743 |
| Historical cost | 773,480 | 780,537 |
| Market valueanalysedbytype ofinvestment | ||
| UKfixedinterest | 496,885 | 448,664 |
| UK equities | 174,353 | 179,965 |
| Overseas equities | 285,907 | 155,969 |
| Property | 3,954 | 4,381 |
| Cash | 7,281 | 57,764 |
| 968,380 | 846,743 | |
| INVESTMENTS. VIBRANCE | ||
| 2021 Ê |
2020 I |
|
| Cost, brought forward | 972,562 | |
| Additions | 972,562 | |
| Disposals | ||
| Cost, carriedforuvard | 972,562 | 972,562 |
| The accounts of Haringey Associationfor lndependentLiving are summarisedbelow: |
Limited fortheperiod ended | 31March202j |
|---|---|---|
| Summarised batancesheetat31March2021 | 2021 €t |
2O2O |
| Tangible fixed assets | ||
| lnvestments Current assets Current liabilities Pension scheme liability |
968,380 905,751 (914,145) (154,814) |
846,743 1,047,226 (862,774) (184,072) |
| 805,172 | 847,123 | |
| Representedby: | ||
| General funds Designated funds Restricted funds Share capital |
386,380 387,252 31,532I |
428,332 387,252 31,532 7 |
| 805,172 | 847,123 | |
| Summarisedstatement of financial activities for the periodended 31 March2021 |
2021f | 2020 Ê |
| lncome Expenditure Net gains/(losses) on investments (Losses)/gains ondefinedbenefit pension scheme |
3,178,305 (3,332,254) 121,413 (e,4r6) |
3,424,425 (3,558,664) (40,367) 2,000 |
| Deficitfor the period | (41,952) | (172,606) |
| The accountsofVibrancePathwaysto summarised below: |
EmploymentC | ICfor theper | iodended31 | March2021are |
|---|---|---|---|---|
| Summarised balance sheetat31March | 2021 | 2021 | 2020 | |
| Ê | e | |||
| Tangiblefixedassets | 18,951 | 37,910 | ||
| Current assets | 13,608 | 101,300 | ||
| Current liabilities | (597,430) | (6e5,0e1) | ||
| (564,871) | (555,881) | |||
| Represented byprofit andloss account | (564,871) | (555,881) | ||
| Summarisedprofitandlossaccount fortheperiod ended31March2021 |
2021 € |
2020 l |
||
| Turnover | 28,316 | |||
| Cost of sales | (12,I 35) | |||
| Administrativeexpenses | (ee,e40) | (107,801) | ||
| Other income | 90,950 | 57,303 | ||
| Lossfortheperiod | (8,ee0) | (34,317) | ||
| 17.STOCK | ||||
| Group | Group | Vibrance | Vibrance | |
| 2021 Ê |
2020t | 2021 Ê |
2020 î. |
|
| Goods for sale | ||||
| 18.FINANCIALINSTRUMENTS | ||||
| Group | Group | Vibrance | Vibrance | |
| 2021f | 2020t | 2021 Ê |
2020t | |
| Financial assets measured at | ||||
| amortised cost | 3,259,576 | 3,895,643 | 2,996,279 | 3,677,284 |
| Financialliabilities measuredat | ||||
| amortised cost | 1,870,353 | 2,270,616 | 1,230,193 | 1,679,004 |
| 19. | DEBTORS | Group 2021 I |
Group 2020 t |
Vibrance 2021 € |
Vibrance 2020 Ê |
|---|---|---|---|---|---|
| Contract income due Loans to subsidiary companies lnterestfreestaff loans Other debtors Prepayments andaccruedincome |
2,291,292 31,430 936,854 112,894 |
2,927,371 34,834 1,033,438 114,831 |
1,870,603 303,016 31,430 79'1,230 104,574 |
2,370,052 395,523 34,834 876,875 104,633 |
|
| 3,372,460 | 4,010,474 | 3,lOO,g53 | 3,791,917 | ||
| Amounts falling due after more than one year: | |||||
| Group | Group | Vibrance | Vibrance | ||
| 2021 | 2020 | 2021 | 2020 | ||
| f | I | t | I | ||
| lnterest freestaffloans | 18,018 21,855 18,0182.1,855 | ||||
| 20. | CREDITORS:AMOUNTSFALL | NcDUEtN ONEYEAR |
Group 2021f |
Group 2020r |
Vibrance 2021 € |
| Trade creditors | 314,049 | 351,692 | 229,916 | 310,907 | |
| Charges-creditbalances | 221,990 | 230,828 | 59,307 | 49,773 | |
| Taxes and social security costs | 232,440 | 277,661 | 194,591 | 237,471 | |
| Other creditors | 912,066 | 1,233,531 | 751,556 | 1,057,444 | |
| Accruals anddeferredincome | 250,210 | 282,416 | 189,514 | 260,880 | |
| Conduit funds (see below) | 172,', | '49 | 172,149 | ||
| 2,102,793 | 2,549,277 | 1,424,774 | 1,916,475 |
| CONDUIT FUNDS | Group 2021 e |
Group 2020t |
Vibrance 2021 € |
Vibrance 2020t |
|---|---|---|---|---|
| Funds acquired on merger | 172,149 | 173,492 | ||
| Funds received | ||||
| Funds disbursed | (r,343) | |||
| Balance carried forward | 172,149 | 172,149 |
| The income funds includerestrictedfunds comp andgrants heldontrust forspecificpurposes: |
rising the follow | ing unexpended balancesof do | ing unexpended balancesof do | nations |
|---|---|---|---|---|
| Movement infunds | ||||
| Balance | lncoming | OutgoingBalance at | ||
| at1April | 31 | March | ||
| 2020 | 2021 | |||
| t | Ê | f | Ê | |
| Landlord Contributionto officerefurbishment | 4,641 | (814) | 3,827 | |
| Vibrancetotalrestricted funds | 4,641 | (814) | 3,827 | |
| Mental HealthServices | 31,532 | 31,532 | ||
| Grouptotalrestricted funds | 36,173 | (814) | 35,3s9 |
| Movementinfunds | Movementinfunds | ||||
|---|---|---|---|---|---|
| Balance | lncoming | OutgoingTransfers | Balance at | ||
| at1April | 31March | ||||
| 2020 | 2021 | ||||
| t | f | e | € | Ê | |
| Employmentcontracts | 56,392 | (10,076) | 38,183 | 84,499 | |
| lTcostsireplacement | (16,320) | 16,320 | |||
| Health & safety | 5,765 | (4,521) | 1,244 | ||
| Clothing | (1,e82) | 1,982 | |||
| Recruitment&healthchecks | (31,502) | (57,491) | 88,993 | ||
| Residentparticipationiwelfare | 5,100 | 5,426 | (3,011) | 9,549 | 17,064 |
| Furniture replacement | 43,380 | (57,435) | 46,434 | 32,379 | |
| Training | 36,294 | (8,717) | 27,577 | ||
| Housesmaintenance | 92,659 | (23,e96) | 15,821 | 84,484 | |
| Marketing | (1,588) | (11,020) | 12,608 | ||
| Legacies | (3,667) | 3,667 | |||
| Advocacy & userinvolvement | 11,159 | (16,130) | 4,971 | ||
| Vibrancetotaldesignatedfunds | 217,659 | 5,426 | (214,366) 238,528247,247 |
| Movement in funds | ||||
|---|---|---|---|---|
| Balance atIApril |
lncoming | OutgoingTransfers | Balance at 31March |
|
| 2020 | 2021 | |||
| e | t | € f |
f | |
| Vibrancetotal designated funds Sinking fund/dilapidations Service development |
217,659 37,252 350,000 |
5,426 | (214,366)238,528 | 247,247 37,252 350,000 |
| Grouptotal designatedfunds | 604,911 | 5,426 | (214,366) 238,528634,499 |
| General | Restricted | Designated | Designated | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| Ê | Ê | e | € | ||
| Fund balances at 31 March 2021 are | representedby: | ||||
| Tangible fixed assets | 423,135 | 3,827 | 426,962 | ||
| lnvestments | 581,128 | 387,252 | 968,380 | ||
| Current assets Creditors: amountsfallingdue within |
3,729,006 | 31,532 | 247,247 | 4,007,795 | |
| one year Pensions Liability |
(2,102,793) (1,ee3,814) |
(2,102,7931 (1,993,814) |
|||
| 636,662 35,359 | 634,4991,306,520 | ||||
| General | Restricted | Designated | Total | ||
| funds | funds | funds | |||
| € | € | f | e | ||
| Fund balances at 31 March 2020 are | representedby | ||||
| Tangiblefixedassets | 461,481 | 4,641 | 466,122 | ||
| lnvestments | 459,491 | 387,252 | 846,743 | ||
| Current assets Creditors: amountsfallingdue within |
4,758,206 | 31,532 | 217,659 | 5,007,397 | |
| one year | (2,548,277) | (2,548,2771 | |||
| Pensions Liability | (1,488,072) | (1,488,0721 | |||
| 1,642,829 36,173 | 604,91I | 2,283,913 |
| ANALYSIS OFNETASSETS BETW | EENFUNDS-VIBRANCE(CONTIN | EENFUNDS-VIBRANCE(CONTIN | EENFUNDS-VIBRANCE(CONTIN | UED) | UED) | |
|---|---|---|---|---|---|---|
| GeneralRestricted funds funds Êg€ |
Designated funds |
Total c |
||||
| Fundbalances at31March 2021are | representedby: | |||||
| Tangiblefixedassets | 404,184 | 3,827 | 408,011 | |||
| lnvestments | 972,562 | 972,562 | ||||
| Currentassets | 3,144,203 | 247,247 | 3,391,450 | |||
| Creditors:amounts fallingdue within | ||||||
| oneyear | (1,424,774) | (1,424,7741 | ||||
| Pensions Liability | (1,83e,000) | (1,839,000) | ||||
| 1,257,175 | 3,827 | 247,247 | 1,508,249 | |||
| General | Restricted | Designated | Total | |||
| funds | funds | funds | ||||
| f | Ê | t | I | |||
| Fundbalances at31March 2020are | representedby: | |||||
| Tangiblefixedassets | 423,571 | 4,641 | 428,212 | |||
| 972,562 | 972,562 | |||||
| Current assets | 4,036,742 | 217,659 | 4,254,401 | |||
| Creditors:amounts fallingdue within | ||||||
| oneyear | (1,e16,475) | (1,916,475) | ||||
| Pensions Liability | (1,304,000) | (1,304,000) | ||||
| 2,212,400 | 4,641 | 217,6592,434,700 |
| RESENTVALUES OF DEFINED BENEFIT OBL EFTNED BENEFTTASSET(LtABtLtTy) |
IGATION, FAIR VALUE | OFASSETS AND |
|---|---|---|
| 3lMarch2021 | 31March2020 | |
| (t000s) | (€000s) | |
| Fair value of plan assets | 10,652 | 9,237 |
| Present value of defined benefìt obligation | 12,491 | 10,541 |
| Surplus(deficit)inplan | (1,839) | (1,304) |
| Unrecognised surplus | ||
| Defined benefit asset (liability)tobe recogn¡sed | (1,839) | (1,304) |
| Deferred tax | ||
| Netdefined benefitasset(liability)tobe recognised | (1,839) | (1,304) |
| Net defìned benefitasset(liability)to berecognised- Vibrance (above table) |
(1,83e) | (1,304) |
|---|---|---|
| Net.defìned benefitasset(liability)tobe recognised- HAIL (page 41) |
(r55) | (184) |
| Net defined benefitasset(liability)to berecognised- Group |
(1,994) | (1,488) |
| Period ended | |
|---|---|
| 3lMarch2021 | |
| (t000s) | |
| Defined benefitobligationatstart ofperiod | 10,541 |
| Currentservice cost | |
| Expenses | 13 |
| lnterestexpense | 247 |
| Contribution byplan participants | |
| Actuariallosses (gains) due to schemeexperience | (107) |
| Actuariallosses (gains) due to changesindemographic assumptions | |
| Actuariallosses (gains) due to changesinfinancial assumptions | 1,911 |
| Benefits paidand expenses | (114) |
| Liabilitiesacquiredina businesscombination | |
| Liabiìitiesextinguished on settlements | |
| Losses (gains) oncurtailments | |
| Losses (gains)due to benefit changes | |
| Exchange ratechanges | |
| Definedbenefit obligationatend ofperiod | 12,491 |
| Period ended | |
|---|---|
| 31March2021 | |
| (€000s) | |
| Fair value ofplan assetsatstart ofperiod | 9,237 |
| lnterest lncome | 220 |
| Experience onplan assets (excluding amounts includedininterestincome)-gain(loss) | 993 |
| Contribution byemployers | 316 |
| Contributionsby plan participants | |
| Benefits paidand expenses | (114) |
| Assetsacquiredina business combination | |
| Assetsextinguished on settlements | |
| Exchangerate changes | |
| Fair value ofplan assetsatend ofperiod | 10,652 |
| DEFINEDBENEFIT COSTS RECOGNISEDINSTATEMENT OF F | INANCIAL ACTIVITIES |
|---|---|
| PeriodfromIApril | |
| 2020to31March2021 | |
| (€000s) | |
| Current service costs | |
| Expenses | 13 |
| Net interest expense | 27 |
| Losses (gains) on businesscombinations | |
| Losses (gains) on settlements | |
| Losses (gains) on curtailments | |
| Losses (gains) duetobenefìt changes | |
| Defined benefit costs recognised instatement ofFinancial Activities | 40 |
| DEFINEDBENEFIT COSTS RECOGNISEDINSTATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Periodfrom1April | |
| 2020to3lMarch2021 | |
| (f000s) | |
| Experience on planassets(excludingamounts includedin net interest cost)-gain(loss) | 993 |
| Experience gainsandlosses arising onthe planliabilities-gain(loss) | 107 |
| Effect ofchangesinthedemographic assumptionsunderlyingthepresentvalueof the defined benefit obligation-gain(toss) |
|
| Effectofchangesinthefinancial assumptionsunderlying the presentvalueofthedefined | |
| benefìt obligation-gain(loss) | (1,e11) |
| Ïotalactuarialgains andlosses(beforerestrictiondueto someofthesurplusnot being Recognisable) benefit obligation-gain(loss) |
(811) |
| Effectofchangesintheamount of surplusthatis notrecoverable(excludingamountsincluded | |
| in net interest cost) benefìt obligation-gain(loss) | |
| Total amount recognised in StatementofFinancialActivities-gain(loss) | (81 1) |
| 31March2021 | 31March2020 | |
|---|---|---|
| (Ê000s) | (€000s) | |
| Global Equity | 1,698 | 1,351 |
| AbsoluteReturn | 588 | 482 |
| Distressed Opportu nities | 308 | 178 |
| Credit RelativeValue | 335 | 253 |
| Alternative RiskPremia | 401 | 646 |
| Fund ofHedgeFunds | I | Ã |
| EmergingMarkets Debt | 430 | 280 |
| Risk Sharing | 388 | 312 |
| Insurance-Linked Securities | 256 | 284 |
| Property | 221 | 203 |
| lnfrastructure | 710 | 687 |
| Private Debt | 254 | 186 |
| Opportunistic llliquid Credit | 271 | 224 |
| High Yield | 319 | |
| Opportunistic Credit | 292 | |
| CorporateBondFund | 629 | 527 |
| Liquid Credit | 127 | 4 |
| LongLeaseProperty | 209 | 160 |
| Secured lncome | 443 | 350 |
| LiabilityDriven lnvestment | 2,707 | 3,065 |
| Net CurrentAssets | 65 | 40 |
| Total assets | 10,652 | 9,237 |
| Number | Total earnings (Ê'000sp.a) |
AverageAge (unweighted) |
|
|---|---|---|---|
| Males | Ã | 282 | Ã2 |
| Females | 310 | 48 | |
| Total | 14 | 592 | 50 |
| tcontributions | ||||
|---|---|---|---|---|
| FromIApril2019 | to | 31 | January | L11,243,000 per annum |
| 2025" | (payable monthlyand increasingby 3% eachon1stApril) |
| tcont | ri | butions | |
|---|---|---|---|
| From | 1 | April2016to30September | L12,945,440 per annum |
| 2025. | (payable monthlyand increasingby 3% eachon1stApril) | ||
| From | 1 | April2016to30September | [54,560per annum |
| 2028: | (payable monthlyand increasingby 3% each on1stApril) |
| PRESENTVALUES OFPROVISION | ||||
|---|---|---|---|---|
| 31March 2021 (€000s) |
3lMarch 2020 (Ê000s) |
31March 2019 (Ê000s) |
||
| Presentvalueof provision | 155 | 184 | 223 | |
| RECONCILIATION OF OPENINGAND CLOSINGPROVISIONS | ||||
| Period | Period | |||
| Ending | Ending | |||
| 31March | 31March | |||
| 2021 | 2020 | |||
| (â000s) | (Ê000s) | |||
| Provision at startofperiod | 184 | 223 | ||
| Unwinding of the discountfactor (interestexpense) | 4 | 3 | ||
| Deficit contributionpaid | (38) | (37) | ||
| Re-measurements-impactof anychange in | assumptions | 5 | (5) | |
| Re-measurements-amendmentstothecontribution | ||||
| schedule | ||||
| Provision at endofperiod | 155 | 184 | ||
| INCOMEANDEXPENDITUREIMPACT | ||||
| Period | Period | |||
| Ending | Ending | |||
| 31March | 31March | |||
| 2021 | 2020 | |||
| (e000s) | (t000s) | |||
| lnterestexpense | 4 | 3 | ||
| Re-measurements-impact ofany changein | assumptions | 5 | (5) | |
| Re-measurements-amendments tothecontribution | ||||
| schedule | ||||
| Contributionspaid in respectoffutureservice | ||||
| Costsrecognisedin income and expenditure | account | o | (2) |
| TIONS | |||
|---|---|---|---|
| 31March | 3lMarch | 3lMarch | |
| 2021 | 2020 | 2019 | |
| o/oper | o/oper | o/oper | |
| annum | annum | annum | |
| Rateofdiscount | 0.66 | 2.53 | 1.39 |
| ye¿ ll enorng YearI |
31March zo21 ([ooos) 39 |
31March 2o2o (Êooos) 38 |
31March 2o1s (Êooos) 37 |
|---|---|---|---|
| Year2 | 40 | 39 | 38 |
| Year3 | 42 | 40 | 39 |
| Year4 | 36 | 42 | 40 |
| Year5 | - | 36 | 42 |
| Year6 | 36 | ||
| Year7 | |||
| Year8 | |||
| Year9 | |||
| Year10 | - | ||
| Year'l1 | - | ||
| Year12 | |||
| Year13 | - | ||
| Year14 | |||
| Year15 | - | ||
| Year'16 | |||
| Year17 | |||
| Year18 | - | ||
| Yeallg | - | ||
| Year20 |
ere 321 active m |
embers with |
Vibrancepaying |
|---|---|---|
| 298 Members IMembers |
3o/oEm 5o/oEm |
Contribution r Contribution |
| 15Members | 9o/oEm | r Contribution |
| 321Members |
| ollowing TUPE transfersfrom totheseschemesasfollows: |
both Local Government and NHSV | ibrance i | s maintainingcontributi |
|---|---|---|---|
| SchemeName LocalGovernmentPension |
Number ofActiveMembers | Em | ContributionRate |
| Scheme | 2 | 17.70o/o | |
| NHS Pension Scheme | I | 1438% |
| Group | Group | Vibrance | Vibrance | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| € | Ê | € | e | |
| Within one year | 255,847 | 295,330 | 202,990 | 245,088 |
| Betweentwoand five years | 463,706 | 653,233 | 437,671 | 622,878 |
| ln over five years | 404,167 | 305,556 | 404,167 | 305,556 |
| 1,123,720 | 1,254,119 | 1,044,729 | 1,173,522 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | t | |||
| Net(expenditure)/income | (977,393) | 2,184,897 | ||
| Depreciation oftangible fixedassets | 171,333 | 182,573 | ||
| Lossi(profit) ondisposal offixedassets | 75,210 | |||
| Net(gain)/loss oninvestments | (121,4131 | 29,338 | ||
| Amortisationof grant | (8,000) | (8,000) | ||
| lnvestmentincome | (13,140) | (44,441) | ||
| Decrease/(increase)in debtors | 638,014 | (400,159) | ||
| Decreaseinstocks | 777 | |||
| (Decrease)/increasein creditors | (445,4841 | 446,355 | ||
| lncreasei(decrease)indefined benefitpensionliability | 505,742 | (1,306,382) | ||
| Assets acquired followingmerger | (972,562) | |||
| (250,341) | 187,606 | |||
| ANALYSIS OF CHANGESINCASH AND CASHEQUIVALENTS | ||||
| 2021 | 2020 | |||
| € | t | |||
| (Decrease)/increasein cash | (361,598) | 745,834 | ||
| Netbank & cashat1April2020 | 996,923 | 251,089 | ||
| Netbank&cashat31March2021 | 635,325 | 996,923 | ||
| ANALYSISOFNETCASH BALANCES | ||||
| AtIApril | Cashflow | Non-cash | At3lMarch | |
| 2020 | changes | 2021 | ||
| f | € | I | € | |
| Cashat bank andin hand | 996,923 | (36r,598) | 635,325 | |
| 996,923 | (361,598) | 635,325 |