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||Page|
|---|---|
|Reportofthe Trustees|1-7|
|Reportofthelndependent Auditors|8-11|
|Consolidated StatementofFinancial Activities|12|
|Balance Sheet-Group and Charity|13|
|Consolidated Cash Flow Statement|14|
|Notes totheFinancial Statements|15-46|
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12 July 2023
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||FOR T|HEYEARENDED|3IMARC|H 2022|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||Note|UnrestrictedDesignated
FundsFunds
tc||Restricted
Funds
Ê|Funds
2022t|Funds
2021
€|
|INCOME FROM:|||||||
|Donations|4||3,638||3,638|5,426|
|Charitable activities|6|13,850,783|||13,850,783
14,231,671||
|Other trading activities||59,038|||59,038|43,109|
|lnvestment income|5|14,811|||14,811|13,140|
|Totaloperatingincome||13,924,6323,638|||13,928,27014,293,346||
|EXPENDITURE ON:|||||||
|Raising funds
Charitable activities|7|111,486
13,946,272|347,665||111,486105,789
14,293,93714,465,947||
|Totaloperating expenditure||14,057,758|347,665||14,405,42314,571,736||
|Netexpenditure||(133,r26)(344,027)|||(477,153)|(278,3e0)|
|Net gainsoninvestments||9,295|||9,295|121,413|
|Transfers betweenfunds|22|(304,986)|304,986||||
|Netmovementinfundsexcluding
Pensionliability||(428,817)(39,041)|||(467,858)|(156,977)|
|Actuarial gains/(losses) on defined
benefit pensionscheme
24||200,327|||200,327(820,416)||
|Net Movementinfunds||(228,4e0)|(39,041)||(267,531)|(977,393)|
|Totalfundsbrought forward|23|636,662|634,499|35,359|1,306,520|2,283,913|
|Totalfundscarried forward|23|408,172|595,458 35,359||1,038,989|1,306,520|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
||Note|2022
Ê|2021
e|2022
g|2021t|
|Fixedassets||||||
|Tangibleassets|15|1,560,019|1,685,272|I ,552,616|1,658,321|
|Less:CapitalGrant|15|(1,250,310)|(1,258,310)|(1,250,310)|(1,250,310)|
|lnvestments|16|985,631|968,380|972,562|972,562|
|||1,295,340|1,395,342|1,274,868|1,380,573|
|Gurrentassets||||||
|Stock|17|||||
|Debtors|19|3,708,155|3,372,460|3,307,821|3,100,853|
|Cash atbank and inhand||2,560,474|635,325|2,255,293|290,597|
|||6,268,629|4,007,785|5,563,114|3,391,450|
|Liabilities||||||
|Creditorsfallingduewithinoneyear|20|(5,037,670)|(2,102,793)|(4,320,424)|(1,424,774)|
|Netcurrentassets||1,230,959|1,904,992|1,242,690|1,966,676|
|Netassetsexcluding||||||
|pensionliability||2,526,299|3,300,334|2,517,558|3,347,249|
|Definedbenefitpensionliability|24|(1,487,310)|(1,993,814)|(1,449,000)|(1,839,000)|
|Netassets||1,038,989|1,306,520|1,068,558|1,508,249|
|Charityfunds||||||
|Restrictedfunds|21|35,359|35,359|3,827|3,827|
|Unrestrictedfunds||408,172|636,662|856,525|1,257,175|
|Designatedfunds|22|595,458|634,499|208,206|247,247|
|Totalaccumulatedfunds||1,038,989|1,306,520|1,068,558|1,508,249|
##
|||2022||2021|
|---|---|---|---|---|
||Notes|f||â|
|Netcashflow from operatingactivities|26|2,292,149||(250,341)|
|Gashflowsfrominvesting activities|||||
|Payments to acquire tangiblefixedassets|(57,6771||(136,028)||
|Proceeds from sale of tangiblefixedassets|||11,855||
|Acquisitionoffixedasset investments|(416,455)||(740,747)||
|Proceeds from sale of investments|419,563||690,040||
|Deposits (to)/fromcashheld in investments|(11,064)||50,483||
|lnterest received|14,811||13,140||
|Netcash outflowfrominvesting activities||(50,822)||(111,257)|
|Repaymentof defined benefit pensionliability||(306,177)|||
|Increase/(decrease) in cash|27|1,925,149||(361,5e8)|
##
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##
##
|A summary of thefinancial activitiesunder|takenbyVibrance|is set out below:||
|---|---|---|---|
|||2022|2021|
|||Ê|Ê|
|Total income
Expenditure oncharitableactivities
Expenditure on raisingfunds||10,652,063
(11,214,754)|11,251,464
(11,366,e15)|
|Defined Benefitpensiontiabitity|24|(562,6e1)
123,000|(115,451)
(811,000)|
|Net movementinfunds
Totalfundsbrought forward||(43e,6e1)
1,508,249|(926,451)
2,434,700|
|Totalfundscarried forward||1,068,558|1,508,249|
|Representedby:||||
|Restrictedfunds
Unrestricted funds
Designatedfunds|23
23
23|3,827
856,525
208,206|3,827
1,257,175
247,247|
|||1,068,558|1,508,249|
##
##
|Yearto31March2022|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Total|
||2022|2022|2022|2022|
||€|â|e|â|
|Donations||3,638||3,638|
|||3,638||3,638|
|Yearto31March2021|||||
||Unrestricted|Designated|Restricted|Total|
||2021|2021|202
1|2021|
||Ê|c||€|
|Donations||5,426|:|5,426|
|||5,426||5,426|
##
|Yearto31March2022|||||
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Total|
||2022|2022|2022|2022|
|lnvestmentincome|Ê
14,811|î|î|f,
14,811|
||14,811|||14,811|
|Yearto31 March2021|||||
||Unrestricted|Designated|Restricted|Total|
||2021
e|2021
Ê|2021I|2021
f|
|lnvestmentincome|13,140|||13,140|
||13,140|||13,140|
##
##
|INCOME FROMCHARITABLE|ACTIVITIES|||||
|---|---|---|---|---|---|
||Unrestricted
2022t|DesignatedRestricted
2022
2022
€€||Total
2022
Ê|Total
2021
e|
|Redbridge PCT/ONEL
L.B. Redbridge
Respite Care
Essex County Council
L.B.W,F.
L.B.TowerHamlets
Thurrock County Council
L.B. Bromley
L.B. Merton
L.B. Newham(formerlyILF)
Southend
Rent Charges
Wandsworth
Haringey
Other lncome|808,301
3,462,679
4,261
2,087,719
685,813
634,154
224,289
138,379
292,263
650,538
170,928
1,265,411
321,447
2,697,059
407,542|||808,301
3,462,679
4,261
2,087,719
685,813
634,154
224,289
138,379
292,263
650,538
170,928
1,265,411
321,447
2,697,059
407,542|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|
||13,850,783|||13,850,783|14,231,671|
##
##
|Yearto31March 2022|||
|---|---|---|
||Support
Direct
Gosts||
|Accommodation Based
Community Based
SelfDirected Support|Gostslseelúofe9)
2022
2022
[Ê
8,254,0801,530,204
2,630,658437,201
1,223J93218,601|Total
2022
e
9,784,284
3,067,859
1,441,794|
|Total|12,107,931 2,186,006|14,293,937|
##
|Yearto31March2021|||
|---|---|---|
||Support
Direct
Costs||
||Costs(See lVote 9/
2021
2021
ÊÊ|Total
2021
e|
|Accommodation Based
Community Based
SelfDirected Support|8,243,6331,692,325
2,666,667483,521
'l,138,040241,761|9,935,958
3,1 50,188
1,379,801|
|Total|12,048,3402,417,607|14,465,947|
##
##
##
##
|Yearto31Ma¡ch 2022|||||
|---|---|---|---|---|
||U nrestrictedDesig nated
2022
2022
Ê€||Restricted
2022
E|Total
2022
e|
|AccommodationBased|9,540,919|243,365||9,784,284|
|Community Based|2,998,326|69,533||3,067,859|
|Self DirectedSupport|1,407,027|34,767||1,441,794|
||13,946,272|347,66s||14,293,937|
|Yearto31March2021|||||
|---|---|---|---|---|
||U nrestrictedDesig nated
2021
2021
[[||Restricted
2021
Ê|Total
2021f|
|AccommodationBased|9,785,088|150,056|814|9,935,958|
|Community Based|3,107,315|42,873||3,150,188|
|Self DirectedSupport|1,358,364|21,437||1,379,801|
||14,250,767|214,366|814|14,465,947|
##
|ANALYSIS OF GOVERNANCECOSTS|||
|---|---|---|
||Total|Total|
||2022|2021|
||€|Ê|
|Trustee meetings|2,740|1,357|
|Audit&accountancy fees|124,074|122,145|
|Legal andprofessional fees|4,595|23,451|
|Companysecretarialcosts|13,200|4,425|
|Support costs|89,592|79,441|
||234,201|230,819|
##
##
##
|Gost Type|Fundraising
activities
2022
€Ê|Gharitable
activities
2022|Total
allocated
2022
€|
|---|---|---|---|
|Staff costs
Administration
Premises
TravelCosts||143,089
71,096
1,544,825
426,996|143,089
71,096
1,544,825
426,996|
|||2,186,006|2,186,006|
|Yearto3lMarch2021||||
||Fundraising|Charitable|Total|
||activities|activities|allocated|
||2021|2021|2021|
|Cost Type|e|c|€|
|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|
##
##
##
##
|
Manage|
ment charge||||
|---|---|---|---|---|
||2022|2022|2021|2021|
||o/o|€|îlto|e|
|Accommodation Based|70|1,530,204|70|1,692,325|
|Community Based|20|437,201|20|483,521|
|Self DirectedSupport|10|218,601|10|241,761|
||100|2,186,006|100|2,417,607|
##
|ANALYSISOFSTAFFCOSTS|||
|---|---|---|
||2022|2021|
||Ê|Ê|
|Wages andsalaries|9,389,688|10,337,252|
|Socialsecurity costs|742,990|778,552|
|Otherpension costs|298,849|309,462|
|Agencystaff|585,037|551,241|
||II,016,564|11,976,507|
|The num|ber ofemployees whoseannualemolume|nts wereÊ60,000 or more were:||
|---|---|---|---|
|||2022|2021|
|Ê60,000
e70,000
Ê80,000|-Ê69,999
-e79,999
-Ê89,999|Number
1
2
2|Number
1
3|
|Ê90,000|-[99,999||1|
##
##
|The averagemonthlynumber of employees during the year was|||
|---|---|---|
||2022|2021|
||Number|Number|
|Housing/care services/catering
Support services|433
15|445
14|
|Management & administration|9|13|
||457|_-_::|
##
##
|Movement in netfundsis stated after charging:|2022
e|2021
Ê|
|---|---|---|
|Auditorsremuneration
Depreciation
Operating lease charge|46,365
155,325
309,447|49,814
171,333
295,330|
##
##
##
|ANGIBLEFIXEDASSETS.G|ROUP||||
|---|---|---|---|---|
||Freehold|Furniture,Motorvehicles||Total|
||Land and|equipment|||
||buildings
e|etc.eÊ||€|
|Gost|||||
|At1 April2021|2,257,051|970,006|475,099|3,702,156|
|Additions||57,677||57,677|
|Disposals|||(54,e76)|(54,e76)|
|At31March2022|2,257,051|1,027,683|420,123|3,704,857|
|Depreciation|||||
|At1April2021|747,500|934,791|334,593|2,016,884|
|On disposals|||(27,371)|(27,371)|
|Charge for theyear|63,777|41,388|50,160|155,325|
|At31March2022|811,277|976,179|357,382|2,144,838|
|Netbook value|||||
|At31March2022|1,445,774|51,504|62,741|I,560,019|
|At31March2021|1,509,551|35,215|140,506|1,685,272|
##
##
||Freehold
Land and|Furniture,Motorvehicles
equipment|Furniture,Motorvehicles
equipment|Total|
|---|---|---|---|---|
|Gost|buildings
Ê|etc.Êe||t|
|At1April2021
Additions
Disposals|2,005,739|845,450
49,020|475,100_
(54,976)|3,326,289
49,020
(54,e76)|
|At3lMarch2022|2,005,739|894,470|420,124|3,320,333|
|Depreciation|||||
|At1April2021
On disposals|525,376|807,999|334,593
(27,371)|1,667,968
(27,371)|
|Charge for the year|40,675|36,285|50,160|127J20|
|At31 March2022|566,051|844,294|357,382|1,767,717|
|Net bookvalue|||||
|At31March 2022|l,43g,6gg|50,196|62,742|1,552,616|
|At31March2021|1,480,363|37,451|140,507|1,658,321|
##
##
|INVESTMENTS. GROUP|||
|---|---|---|
||2022|2021|
||e|Ê|
|Marketvalue, brought forward|961,099|788,979|
|Additions|416,455|740,747|
|Disposals|(419,563)|(6e0,040)|
|Realised(loss)/gain|(27,211)|51,525|
|Unrealisedgain|36,50ô|69,888|
|Marketvalue, carried forward|967,286|961,099|
|Cash heldaspartofportfolio|18,345|7,281|
|Totalinvestments|985,631|968,380|
|Historical cost|770,372|773,480|
|Marketvalue analysedbytype ofinvestment|||
|UKfixed interest|495,528|496,885|
|UKequities|149,011|174,353|
|Overseasequities|322,747|285,907|
|Property||3,954|
|Cash|18,345|7,281|
||985,631|968,380|
|INVESTMENTS-VIBRANCE|||
||2022
€|2021t|
|Cost, broughtforward|562
972,|562
972,|
|Additions|||
|Disposals|||
|Cost, carriedfonivard|972,562|972,562|
##
##
##
||||
|---|---|---|
|Summarisedbalancesheetat 31March2022|2022
Êe|2021|
|Tangible fixed assets
lnvestments
Current assets
Current liabilities
Pension scheme liability|5,992
985,631
978,309
(988,621)
(38,310)|968,380
905,751
(914,145)
(154,814)|
||943,001|805,172|
|Representedby:|||
|General funds
Designated funds
Restrictedfunds
Share capital|524,209
387,252
31,532
8|386,280
387,252
31,532I|
||943,001|805,172|
|Summarisedstatementoffinancialactivities
for the periodended 31Ma¡ch2022|2022
Ê|2021
e|
|lncome
Expenditure
Netgains on investments
Gains/(losses) ondefinedbenefit pension scheme|3,382,489
(3,331,282)
9,295
77,327|3,178,305
(3,332,254)
121,413
(e,416)|
|Surplus/(deficit) fortheperiod|137,829|(41,e52)|
##
##
||TheaccountsofVibrancePathwaysto
summarised below:|EmploymentCI|Cfor theper|iod ended31M|arch2022are|
|---|---|---|---|---|---|
||Summarised balance sheetat31March|2022||2022
e|2021t|
||Tangiblefixed assets|||1,411|18,951|
||Current assets|||34,045|13,608|
||Currentliabilities|||(648,840)|(597,430)|
|||||(613,384)|(564,871)|
||Representedbyprofitandloss account|||(613,384)|(564,871)|
||Summarisedprofitandlossaccount
for the period ended31March2022|||2022
E|2021f|
||Turnover|||3,876||
||Cost of sales|||(2,15e)||
||Administrative expenses|||(103,622)|(ee,e40)|
||Other income|||53,392|90,950|
||Loss fortheperiod|||(48,513)|(8,990)|
|17.|STOCK|||||
|||Group|Group|Vibrance|Vibrance|
|||2022|2021|2022|2021|
|||€|Ê|e|Ê|
||Goods for sale|||||
|I8.|FINANCIALINSTRUMENTS|||||
|||Group|Group|Vibrance|Vibrance|
|||2022
e|2021t|2022
Ê|2021
â|
||Financial assetsmeasuredat
amortised cost|3,562,582|3,259,576|3,170,901|2,996,279|
||Financialliabilities measuredat|||||
||amortisedcost|4,831,8731,970,353||4,155,176|1,230,193|
##
|19.|DEBTORS|Group
2022
e|Group
2021
I|Vibrance
2022
Ê|Vibrance
2021
Ê|
|---|---|---|---|---|---|
||Contract income due
Loanstosubsidiary companies
lnterest freestaffloans
Other debtors
Prepayments andaccruedincome|2,470,0692,291,292
20,203
1,072,310
145,573
31,430
936,854
112,884||1,904,794
306,931
20,203
939,073
136,920|1,870,603
303,016
31,430
791,230
104,574|
|||3,709,155 3,372,460||3,307,821|3,100,g53|
||Amounts falling dueaftermore than one year:|||||
|||Group|Group|Vibrance|Vibrance|
|||2022
f|2021
I|2022
€|2021
Ê|
||lnterest free staff loans|10,26919,019||10,26918,018||
|20.|CREDITORS:AMOUNTSFALL|NcDUEtN
ONEYEAR|Group
2022
e|Group
2021
Ê|Vibrance
2022f|Vibrance
2021
Ê|
||Trade creditors
Charges-creditbalances
Taxes and social security costs
Other creditors
Accruals anddeferredincome|495,613
261,429
205,797
3,531,073
371,609|314,048
221,880
232,440
912,066
250,210|383,633
109,922
165,248
3,371,564
290,157|229,816
59,307
194,581
75'1,556
189,514|
||Conduitfunds(see betow)|172,149|172,149|||
|||5,037,670 2,102,793||4,320,424|1,424,774|
|CONDUIT FUNDS|Group
2022I|Group
2021t|Vibrance
2022
€|Vibrance
2021
Ê|
|---|---|---|---|---|
|Funds acquired on merger|172,149|172,149|||
|Funds received|||||
|Funds disbursed|||||
|Balance carried forward|172,149|172,149|||
##
##
|The incomefundsinclude restricted funds comp
andgrantsheld ontrust forspecificpurposes:|risingthe follow|ing unexpended balancesof do|ing unexpended balancesof do|ing unexpended balancesof do|nations|
|---|---|---|---|---|---|
|||Movementinfunds||||
||Balance
at1April|lncoming Outgoing||Balanceat
3lMarch||
||2021||||2022|
||e|Ê|€||Ê|
|LandlordContribution to officerefurbishment|3,827||||3,827|
|Vibrancetotalrestricted funds|3,827||||3,827|
|MentalHealth Services|31,532||||31,532|
|Grouptotalrestricted funds|35,359||||35,359|
##
||||Movement in funds|Movement in funds||
|---|---|---|---|---|---|
||Balance|lncoming|OutgoingTransfers||Balanceat|
||at1April||||31March|
||2021'||||2022|
||c|Ê|Ê|â|Ê|
|Employment contracts|84,499||(17,537)|22,907|89,869|
|Health &safety|1,244||(1,e02)|658||
|Clothing|||(1,16r)|1,161||
|Recruitment&healthchecks|||(10r ,317)|101,317||
|Residentparticipation/welfare|17,064|3,638|(1,55e)|1,360|20,503|
|Furniture replacement|32,379||(44,844)|35,884|23,419|
|Training|27,577||(3e,020)|11,443||
|Housesmaintenance|84,484||(76,627)|66,558|74,415|
|Marketing|||(32,917)|32,917||
|Advocacy&user involvement|||(30,781)|30,781||
|Vibrancetotaldesignatedfunds|247,247|3,638|(347,665) 304,986208,206|||
##
##
||||Movement in funds||
|---|---|---|---|---|
||Balance
atIApril
2021|Incoming|OutgoingTransfers|Balanceat
3lMarch
2022|
||Ê|f|s
Ê|Ê|
|Vibrancetotal designated funds
Sinking fund/dilapidations
Service development|247,247
37,252
350,000|3,638|(347,665)304,986|208,206
37,252
350,000|
|Grouptotaldesignated funds|634,4993,638||(347,665) 304,986 '*r*||
##
||General|Restricted|Designated|Total|
|---|---|---|---|---|
||funds|funds|funds||
||€|e|€|t|
|Fund balances at 31March 2022are|representedby:||||
|Tangiblefixedassets
lnvestments
Current assets
Creditors: amountsfallingdue within|305,882
598,379
6,028,891|3,827
31,532|387,252
208,206|309,709
985,631
6,268,629|
|one year
Pensions Liability|(5,037,670)
(1,487,310)|||(5,037,670)
(1,487,3101|
||408,172 35,359595,4581,038,989||||
||General|Restricted|Designated|Total|
||funds|funds|funds||
||€|€|Ê|f|
|Fund balances at 31March2021 are|representedby:||||
|Tangiblefixedassets|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|
|oneyear
Pensions Liability|(2,102,793)
(1,993,814)|||12,102,793ì,
(1,993,914)|
||636,662 35,359634,4991,306,520||||
##
##
|ANALYSIS OFNETASSETS BETW|EENFUNDS-VIBRANCE (CONTIN|EENFUNDS-VIBRANCE (CONTIN|EENFUNDS-VIBRANCE (CONTIN|UED)||
|---|---|---|---|---|---|
||GeneralRestricted
funds
funds
eʀ|||Designated
funds|Total
e|
|Fundbalances at 31 March 2022are|representedby:|||||
|Tangiblefixed assets|298,479||3,827||302,306|
|lnvestments|972,562||||972,562|
|Currentassets|5,354,908|||208,206|5,563,114|
|Creditors:amounts fallingdue within||||||
|one year|(4,320,424)||||(4,320,4241|
|PensionsLiability|(1,449,000)||||(1,449,000)|
||856,525||3,827208,2061,068,558|||
||General|Restricted||Designated|Total|
||funds|,|funds|funds||
||€||Ê|Ê|€|
|Fundbalances at 31 March 2021are|representedby:|||||
|Tangible fixed assets|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)||||11,424,7741|
|PensionsLiability|(1,839,000)||||(1,839,000)|
||1,257,175||3,827247,2471,508,249|||
##
##
##
##
##
|RESENTVALUES OF DEFINED BENEFIT OBL
EFTNEDBENEFIT ASSET(L|ABlLlTy)|IGATION, FAIR VALUE|OFASSETS AND|
|---|---|---|
||31March2022|31March2021|
||(Ê000s)|(t000s)|
|Fair value of plan assets|11,312|10,652|
|Present value ofdefinedbenefit obligation|12,761|12,491|
|Surplus (deficit) inplan|(1,449)|(1,839)|
|Unrecognised surplus|||
|Defined benefitasset(liability)tobe recognised|(1,44e)|(1,83e)|
|Deferred tax|||
|Net defined benefitasset(liability)tobe recognised|(1,449)|(1,839)|
##
|Net defined benefitasset(liability)to berecognised_
Vibrance(above table)|(1,44s)|(1,839)|
|---|---|---|
|Netdefinedbenefitasset(liability)to berecognised-
HAIL (page 41)|(38)|(155)|
|Net defined benefitasset(liability)tobe recognised-
Group|(1,487)|(r,ee4)|
##
##
##
|RECONCILIATION OF OPENINGAND CLOSINGBALANCESOFTHE
OBLIGATION|DEFINED BENEFIT|
|---|---|
||Periodended|
||3lMarch2022|
||(â000s)|
|Defined benefitobligationatstartofperiod|12,491|
|Current service cost||
|Expenses|13|
|lnterest expense|309|
|Membercontributions||
|Actuarial losses(gains)due to scheme experience|516|
|Actuarial losses (gains)dueto changesindemograph¡cassumptions|(185)|
|Actuarial losses(gains)due to changesinfinancial assumptions|(201)|
|Benefits paidand expenses|(182)|
|Liabilitiesacquiredin abusinesscombination||
|Liabilitiesextinguishedonsettlements||
|Losses (gains) oncurtailments||
|Losses (gains)due to benefit changes||
|Exchange ratechanges||
|Defined benefitobligationatendofperiod|12,761|
##
||Periodended|
|---|---|
||31March2022|
||(Ê000s)|
|Fairvalueofplan assetsatstartof period|10,652|
|lnterestincome|267|
|Experience onplan assets (excluding amounts includedininterest¡ncome)-gain(loss)|253|
|Employercontributions|322|
|Membercontributions||
|Benefits paidand expenses|(182)|
|Assets acquiredina business combination||
|Assets distributedonsettlements||
|Exchangerate changes||
|Fairvalueofplan assetsatend ofperiod|11,312|
##
##
##
|DEFINEDBENEFIT COSTS RECOGNISEDINSTATEMENT OF F|INANCIAL ACTIVITIES|
|---|---|
||PeriodfromIApril|
||2021fo31March2022|
||(t000s)|
|Current service costs||
|Expenses|13|
|Net interest expense|42|
|Losses (gains) on businesscombinations||
|Losses (gains) on setflements||
|Losses (gains) oncurtailments||
|Losses (gains) duetobenefit changes||
|Defined benefitcostsrecognised instatement ofFinancial Activities|55|
##
|DEFINEDBENEFIT COSTS RECOGNISEDINSTATEMENT OF FINANCIAL|ACTIVITIES|
|---|---|
||PeriodfromIApril|
|2021to31March2022||
||(Ê000s)|
|Experience on planassets(excludingamounts includedin net interest cost)-gain(loss)|253|
|Experience gainsandlosses arising onthe planliabilities-gain(loss)|(516)|
|Effectofchangesinthedemographic assumptionsunderlying the presentvalueof the defined
benefìt obligation-gain(loss)
lB5||
|Effectofchangesinthefinancial assumptionsunderlying the presentvalueof the defined
benefit obligation-gain(loss)|201|
|Totalacluarialgainsandlosses (before restrictiondueto someofthesurplusnot being
Recognisable) benefit obligation-gain(loss)|123|
|Effectof changesintheamount of surplusthatisnot recoverable(excludingamountsincluded
in net interestcost)benefit obligation-gain(loss)||
|Totalamountrecognisedinstatement ofFinancialActivities-gain(loss)|123|
##
##
##
|SETS|||
|---|---|---|
||3lMarch 2022|31 March2021|
||(t000s)|(Ê000s)|
|GlobalEquity|2,171|r,698|
|AbsoluteReturn|454|588|
|Distressed Opportunities|405|308|
|CreditRelativeValue|376|335|
|Alternative RiskPremia|373|401|
|Fundof HedgeFunds||1|
|EmergingMarkets Debt|329|430|
|Risk Sharing|372|388|
|Insurance-Linked Securities|264|256|
|Property|305|221|
|lnfrastructure|806|710|
|PrivateDebt|290|254|
|Opportunistic llliquid Credit|380|271|
|High Yield|97|319|
|Opportunistic Credit|4Q|292|
|Cash|38||
|Corporate BondFund|755|629|
|LiquidCredit||127|
|Long Lease Propedy|291|209|
|Securedlncome|422|443|
|Liability Driven lnvestment|3,157|2,707|
|CurrencyHedging|(44)||
|NetCurrent Assets|31|65|
|Totalassets|11,312|10,652|
##
##
##
||Number|Total earnings
(Ê'000sp.a)|AverageAge
(unweighted)|
|---|---|---|---|
|Males|5|254|54|
|Females|9|297|49|
|Total|14|551|51|
##
||Number||Pensions
(f'000sp.a)|AverageAge
(unweighted)|
|---|---|---|---|---|
|Males||15|18|56|
|Females||64|108|53|
|Total||-70|126|53|
##
||Number|Pensions
(Ê'000sp.a)|AverageAge
(unweighted)|
|---|---|---|---|
|Males|14|26|63|
|Females|27|67|68|
|Total|41|93|66|
##
|Return on planassets (excluding amounts includedin net interest cost)|(543)|
|---|---|
|lmpact ofchangesinshare ofassets|796|
|Experienceon plan assets(excludi ngamounts includedin net interest cost)- gain(loss)|253|
##
##
##
##
##
##
##
##
||3lMarch|31 March|3lMarch|
|---|---|---|---|
||2022|2021|2020|
||(8000s)|(€000s)|(t000s)|
|Presentvalueof provision|38|155|184|
|RECONCILIATIONOF OPENINGAND CLOSINGPROVISIONS||||
|||Period|Period|
|||Ending
3lMarch|Ending
31March|
|||2022|2021|
|||([000s)|(t000s)|
|Provision atstartof period||155|184|
|Unwinding ofthediscountfactor(interest expense)||1|4|
|Deficitcontributionpaid||(3e)|(38)|
|Re-measurements-impactofany changein|assumptions|(1)|5|
|Re-measurements-amendmentsto the contribution
schedule||(78)||
|Provision at endofperiod||38|155|
|INCOMEANDEXPENDITUREIMPACT||||
|||Period|Period|
|||Ending
3lMarch|Ending
31March|
|||2022|2021|
|||(€000s)|(Ê000s)|
|lnterest expense||1|4|
|Re-measurements-impact of anychangein|assumptions|(1)|5|
|Re-measurements-amendmentstothecontribution
schedule||(78)||
|Contributions paid in respectoffutureservice||||
|Costs recognisedinincome and expenditure account||(78)|I|
##
##
|ASSUMPTIONS||||
|---|---|---|---|
||31March|3lMarch|3lMarch|
||2022|2021|2020|
||oloPèÍ|o/oPêr|o/oPêi|
||annum|annum|annum|
|Rate ofdiscount|2.55|0.66|2.53|
##
|TIONS SCHE|DULE||||
|---|---|---|---|---|
|ye
tll
enolng
Year1|31March
2o2z
(Êooos)
14|31March
2021
(Eooos)
39||3lMarch
2o2o
(€ooos)
38|
|Year2|14||40|39|
|Year3|12||42|40|
|Year4|-||36|42|
|Year5||||36|
|Year6|||||
|Year7|||||
|YearI|||||
|Year9|||||
|Year10|||||
|Year11|-||||
|Year12|||||
|Year13|-||||
|Year14|||||
|Year15|||||
|Year16|||||
|Year17|||||
|Year18|-||||
|Year19|||||
|Year20|||||
##
##
|
4 active member|
s withvibranc|
epayingvariabl|
|---|---|---|
|283 Members|3o/oEm|rContribution|
|7 Members|5o/oEm|Contribution|
|14Members|9o/oEm|Contribution|
|304Members|||
|ollowing TUPE transfersfrom
ntotheseschemes as follows:|both Local Government and NHSv|ibrancei|smaintainingcontributi|
|---|---|---|---|
|SchemeName
Local GovernmentPension|Number ofActiveMembers|Em|ContributionRate|
|Scheme|1||17.70%|
|NHS Pension Scheme|7||14.38%|
##
||Group|Group|Vibrance|Vibrance|
|---|---|---|---|---|
||2022|2021|2022|2021|
||â|I|€|t|
|Within one year|190,980|255,847|164,945|202,890|
|Between two and five years|414,225|463,706|400,890|437,671|
|ln overfiveyears|120,833|404,167|120,833|404,167|
||726,038|1,123,720|686,668|1,044,728|
##
##
||2022|2021|
|---|---|---|
||I|I|
|Net expenditure|(267,531)|(977,393)|
|Depreciationoftangiblefixedassets|155,325|171,333|
|Loss on saleoftangiblefixedassets|27,605||
|Netgainon investments|(9,295)|(121,413)|
|Amortisationofgrant|(8,000)|(8,000)|
|lnvestmentincome|(14,8111|(13,140)|
|(lncrease)/decreaseindebtors|(335,695)|638,014|
|lncrease/(decrease)increditors|2,934,877|(445,484)|
|(Decrease)/increaseindefinedbenefitpensionliability|(200,3271|505,742|
||2,282,148|(250,341)|
##
|ANALYSISOFCHANGESINCASH AND CASHEQUIV|ALENTS||
|---|---|---|
||2022|2021|
||f|f|
|Increase/(decrease) incash|1,925,149|(361,598)|
|Netbank&cashat1April2021|635,325|996,923|
|Netbank&cashat31March2022|2,560,474|635,325|
##
|ANALYSISOFNETCASH BA|LANCES||||
|---|---|---|---|---|
||At1April|Cashflow|Non-cash|At31 March|
||2021||changes|2022|
||I|€|I|€|
|Cash atbank and in hand|635,325|1,925,149||2,560,474|
||635,325|1,925,149||2,560,474|
##
##
##