2023-03-31-accounts - Vibrance

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	Page
Reportofthe Trustees	1-7
ReportofthelndependentAuditors	I-11
Consolidated StatementofFinancial Activities	12
Balance Sheet-Group and Charity	13
ConsolidatedCashFlow Statement	14
Notes totheFinancial Statements	15-49

					Total	Total
		UnrestrictedDesignated FundsFunds		Restricted Funds	Funds 2023	Funds 2022
						as restated
	Note	Ê	€	G	Ê	€
INCOME FROM:
Donations	4				-	3,638
Charitable activities	6	14,754,852			14,754,852	13,850,783
Other trading activities		61,102			61,10259,038
lnvestment income	5	71,153			71,15314,811
Totaloperatingincome		14,887,107			14,887,107	13,928,270
EXPENDITURE ON:
Raising funds		106,690			106,690111,486
Charitable activities	7	15,215,055			15,215,055	14,294,937
Totaloperating expenditure		15,321,745			15,321,745	14,406,423
Netexpenditure		(434,638)			(434,638)	(478,153)
Net (losses)/gainsoninvestments		(71,712)			(71,712\|9,295
Transfers betweenfunds	23
Netmovementinfundsexcluding Pensionliability		(506,350)			(506,350)(468,858)
Actuarialgainson defined benefitpensionscheme	25	230,930			230,930329,327
Net Movementinfunds		(275,420)			(275,420',)	(139,531)
Totalfundsbrought forward	24	812,172595,458		35,359	1,442,989	1,582,520
Totalfundscarriedfon¡vard	24	536,752595,45835,359			1,167,569'1,442,989

		Group 2023	Group 2022	Charity 2023	Charity 2022
	Note	â	as restated Ê	t	as restated €
Fixedassets
lntangible assets Tangible assets Less:CapitalGrant lnvestments	15 16 16 17	89,081 1,522,285 (1,250,310) 926,879	1,560,019 (1,250,310) 985,631	89,081 1,512,534 (1,250,310) 972,562	1,552,616 (1,250,310) 972,562
		1,287,gg5	1,295,340	1,323,8671,274,868
Gurrentassets
Stock Debtors Cash at bankandinhand	t8 20	561 4,116,847 4,696,570	3,708,155 2,560,474	3,837,796 4,313,412	3,307,821 2,255,293
		8,813,9786,268,629		8,151,208	5,563,1 14
Liabilities Creditorsfallingduewithinoneyear	21	(8,440,921) (5,037,670)		(7,995,618)(4,320,424)
Netcurrent assets		379,0571,230,959155,5901,242,690
Netassetsexcluding pensionliability		1,660,992	2,526,299	1,479,457	2,517,558
Definedbenefitpensionliability	25	(493,423)	(1,083,310)	(469,000)	(1,045,000)
Netassets		1,167,5691,442,989		1,010,4571,472,558
Gharityfunds Restrictedfunds	22	35,359	35,359	3,827	3,827
Unrestrictedfunds		536,752	812,172	798,424	1,260,525
Designatedfunds	23	595,458	595,458	208,206	208,206
Totalaccumulatedfunds		1,167,5691,442,989		1,010,4571,472,558

		2023		2022
	Notes	€		€
Netcashflow from operatingactivities	27	2,604,853		2,281,148
Gashflowsfrominvestingactivities
Payments toacquireintangible fixed assets	(91,626)
Payments to acquire tangible fixed assets	(76,366)		(57,677)
Acquisitionoffixedassetinvestments	(624,353)		(416,455)
Proceedsfromsaleofinvestments	610,371		419,563
Deposits from/(to)cashheld in investments	1,021		(11,064)
lnterest received	71,153		14,811
Netcashoutflow frominvestingactivities		(109,800)		(50,822)
Repaymentof defined benefitpensionliability		(358,957)		(305,177)
lncrease incash	28	2,136,096		1,925,149

A summaryofthefinancialactivities under	takenbyVibrance	issetoutbelow:
		2023	2022
			as restated
		€	Ê
Totalincome		11,401,339	10,652,063
Expenditureoncharitable activities		(12,094,44O)	(11,215,754)
Expenditureonraising funds
		(693,101)	(563,691)
Defined Benefitpensionliability	24	231,000	252,000
Net movementinfunds		(462,101)	(311,691)
Totalfundsbrought forward		1,472,558	1,784,249
Total funds carried forward		1,010,457	1,472,558
Representedby:
Restrictedfunds	23	3,827	3,827
Unrestricted funds	23	798,424	1,260,525
Designatedfunds	23	208,206	208,206
		1,010,457	1,472,558

VOLUNTARYINCOME Yearto3lMarch2023
	Unrestricted 2023	Designated 2023		Restricted 2023	Total 2023
Donations	Ê		î	:	â
Yearto31Ma¡ch2022
	-- Unrestricted	Designated		Restricted	Total
Donations	2022 :		2022 € 3,638	I 2022	2022I 3,638
			3,638		3,638
INVESTMENTINCOME
Yearto3lMarch2023
lnvestment income	UnrestrictedDesignated 2023 2023 €Ê 71,153			: Restricted 2023	Total 2023 € 71,153
	71,153				71,153
YeartoSlMarch2022	UnrestrictedDesignated 2022 2022 Ê€			Restricted 2022 Ê	Total 2022 g
lnvestment income	14,811				14,811
	14,811				14,811

INCOME FROMGHARITABLE	ACTIVITIES
	Unrestricted 2023 €	DesignatedRestricted 2023 2023 €Ê	Total 2023t	Total 2022 €
Redbridge PCT/ONEL	926,719		926,719	808,301
L.B. Redbridge	3,946,284		3,946,284	3,462,679
Respite Care	1,755		1,755	4,261
Essex County Council	2,355,367		2,355,367	2,087,719
L.B.W,F.	648,239		648,239	685,813
L.B.TowerHamlets	216,184		216,184	634,154
Thurrock County Council	270,024		270,024	224,289
L.B. Bromley	135,864		135,864	138,379
L.B. Merton	420,161		420,161	292,263
L.B. Newham(formerlyILF)	638,615		638,615	650,538
Southend	183,580		183,580	170,928
Rent Gharges	1,109,670		1,109,670	1,265,411
Wandsworth	636,632		636,632	321,447
Haringey	2,710,372		2,710,372	2,697,059
Other lncome	555,386		555,386	407,542
	14,754,852		14,754,852	13,850,783

ANALYSISOFCHARITABLEEXPENDITUR Yearto3lMarch2023	E
	Support Direct Costs
	Costs(See/Vofe9/ 2023 2023 €€	Total 2023 ß
AccommodationBased CommunityBased SelfDirected Support	8,375,9262,428,056 2,519,684511,170 1,083,203255,584	10,803,982 3,030,854 1,338,787
Total	11,978,8133,194,810	15,173,623

Yearto31March2022-as restated
	Support Direct Gosts
	Gosts(See lVofe9,) 2022 2022 €Ê	Total 2022 €
AccommodationBased Community Based Self Directed Support	8,255,0801,530,204 2,630,658437,201 1,223,193218,601	9,785,284 3,067,859 1,441,794
Total	12,108,9312,186,006	14,294,937

Yearto31 March2023
	Unrestricted Designated 2023 2023 €€	Restricted 2023I	Total 2023 g
AccommodationBased	10,803,982		10,803,982
Gommunity Based Self Directed Support	3,030,854 1,338,787		3,030,854 1,338,787
	15,173,623	::	15,173,623

Yearto31March2022-as restated
	Unrestricted Designated 2022 2022 €€		Restricted 2022 Ê	Total 2022 Ê
AccommodationBased	9,541,919	243,365		9,785,284
Community Based Self DirectedSupport	2,998,326 1,407,027	69,533 34,767		3,067,859 1,441,794
	13,947,272	347,665		14,294,937

ANALYSIS OF GOVERNANCECOSTS
	Total	Total
	2023t	2022 €
Trusteemeetings Audit& accountancy fees Legalandprofessional fees Companysecretarialcosts Support costs	4,376 38,100 41,968 11,401 111,207	2,740 124,074 4,595 13,200 89,592
	207,052	234,201

activities on an actualexpenditur	ebasis, for theyearto 31 March202	3isshownbelo	w.
Gost Type	Fundraising activities 2023 €[	Gharitable activities 2023	Total allocated 2023 c
Staff costs		592,085	592,085
Administration		56,569	56,569
Premises		473,198	473,198
TravelCosts		2,072,958	2,072,958
		3,194,810	3,194,810

Yearto 31March2022
	Fundraising	Gharitable	Total
	activities	activities	allocated
	2022	2022	2022
Cost Type	c	€	g
Staff costs		143,089	143,089
Administration		71,096	71,096
Premises		1,544,825	1,544,825
TravelCosts		426,996	426,996
		2,186,006	2,186,006

	2023 o/o	2023 I	% 2022	€ 2022
AccommodationBased	76	2,428,056	70	1,530,204
CommunityBased Self Directed Support	16I	511,170 255,585	20 10	437,201 218,601
	100	3,194,810	100 ::	2,186,006
ANALYSISOF STAFF COSTS
			2023	2022
			I	€
Wagesandsalaries			9,614,607	9,389,688
Social security costs			816,467	742,990
Otherpensioncosts			289,801	298,849
Agencystaff			781,790	585,037
			11,502,665	11,016,564

The number of employeeswhoseannualemolumen	ts were Ê60,000ormore were:
	2023	2022
	Number	Numbe
t60,000- Ê69,999	1	1
870,000 - €79,999	2	2
Ê90,000 -€89,999	2	2
f90,000-Ê99,999	1

The average monthly number of employees during they	earwas
	2023	2022
	Number	Number
Housing/careservices/catering	414	433
Support services Management & administration	t8 l0	15 I
	442	457

MOVEMENT IN NET FUNDS FOR THEYEAR
	2023	2022
Movement innetfundsis stated after charging:	Ê	Ê
Auditorsremuneration	38,230	46,365
Depreciation	114,100	155,325
Amortisation	2,545
Operating lease charge	210,615	309,447

INTANGIBLEFIXEDASSETS-GROUP	AND V¡BRANG	E
				Software	Total
				Ê	Ê
Gost
At1April2022 Additions				91,626	91,626
Disposals
At3lMarch2023				9l,626	91,626
Amortisation
Al1April2022
On disposals
Charge for theyear				2,545	2,545
At3lMarch2023				2,545	2,545
Net bookvalue
At3lMarch2023				89,081	89,081
At3lMarch2022
TANGIBLEFIXEDASSETS.GROUP	Freehold		Furniture,Motorvehicles		Total
	Land and	equipment
	buildings Ê		etc. ÊÊ		t
Gost
At1April2022	2,257,051		1,027,683	420,123	3,704,857
Additions	41,364		35,002		76,366
Disposals			(3,384)		(3,384)
At3lMarch2023	2,298,415		1,059,301	420,123	3,777,839
Depreciation
At1April2022 On disposals	811,277		976,179 (3,384)	357,382	2,144,838 (3,384)
Charge for theyear	38,417		36,821	38,862	114,100
At3lMarch2023	849,694		1,009,616	396,244	2,255,554
Netbook value
At3lMarch2023	1,448,721		49,685	23,879	1,522,285
At3lMarch2022	1,445,774		51,504	62,741	1,560,019

ANGTBLE FIXEDASSETS- VI	BRANCE(CONTINUED)
	Freehold	Furniture,	Motorvehicles	Total
	Land and	equipment
	buildings t	etc. tÊ		Ê
Gost
Al1April2022	2,005,739	894,470	420,124	3,320,333
Additions	41,364	29,565		70,929
Disposals
At3lMarch2023	2,047,103	924,035	420,124	3,391,262
Depreciation
At1April2022	566,051	844,284	357,382	1,767,717
On disposals Charge for theyear	38,417	33,732	38,862	111,011
At3lMarch2023	604,468	878,016	396,244	1,878,728
Netbookvalue
At3lMarch2023	1,442,635	46,019	23,880	1,512,534
At3lMarch2022	1,439,688	50,186	62,742	1,552,616

INVESTMENTS.GROUP
	2023 t	2022 E
Marketvalue,broughtforward Additions Disposals Realisedloss	967,286 624,353 (610,371) (59,737)	961,099 416,455 (419,563) (27,211)
Unrealised(loss)/gain	(11,976)	36,506
Market value,carried forward	909,555	967,286
Cash held aspartofportfolio	17,324	18,345
Total investments	926,879	985,631
Historicalcost	784,354	770,372
Market valueanalysedbytype ofinvestment UKfixedinterest	480,469	495,528
UKequities Overseas equities Cash	162,783 266,303 17,324	149,011 322,747 18,345
	926,879	985,631
¡NVESTMENTS.VIBRANCE
	2023	2022
	€	Ê
Cost, brought forward	972,562	972,562
Additions
Disposals
Cost, carried forward	972,562	972,562

The accounts of Haringey Associationfor lndependentLiving are summarised below:	Limited fortheperiod ended	31 March 2023
Summarisedbalancesheetat3lMarch2023	2023	2022
	Ê	Ê
Tangible fixed assets	9,047	5,992
lnvestments	926,879	985,631
Current assets	1,418,962	978,309
Current liabilities	(1,230,047)	(988,621)
Pensionschemeliability	(24,423)	(38,310)
	1,100,418	943,001
Representedby:
Generalfunds	681,627	524,209
Designated funds	387,252	387,252
Restricted funds Share capital	31,532 7	31,532I
	1,100,418	943,001
Summarisedstatement of financial activities for the period ended3lMarch2023	2023 Ê	2022 t
lncome	3,659,288	3,382,489
Expenditure	(3,430,088)	(3,331,282)
Net(losses)/gainsoninvestments	(71,712)	9,295
(Losses)/gains ondefinedbenefit pension scheme	(70)	77,327
Surplus fortheperiod	157,418	137,829

TheaccountsofVibrancePathwaysto summarised below:	Employment	CICfor theper	iod ended31	March2023are
Summarisedbalancesheetat 31 March	2023		2023	2022
			€	E
Tangible fixed assets Current assets Currentliabilities			704 36,273 (715,565)	1,411 34,045 (648,840)
			(678,588)	(613,384)
Represented byprofitandlossaccount			(678,588)	(613,384)
Summarisedprofitand lossaccount for theperiodended3lMarch2023			2023 Ê	2022 Ê
Turnover Cost of sales Administrative expenses Otherincome			14,784 (5,833) (95,851) 21,696	3,876 (2,159) (103,622) 53,392
Loss fortheperiod			(65,204)	(48,513)
r8.sTocK	Group 2023 Ê	Group 2022 E	Vibrance 2023t	Vibrance 2022 î.
Goods forsale	561
I9.FINANCIALINSTRUMENTS	Group 2023	Group 2022	Vibrance 2023	Vibrance 2022
	Ê	Ê	Ê	Ê
Financial assets measuredat amortised cost	3,973,867	3,562,582	3,710,094	3,170,901
Financial liabilitiesmeasuredat amortised cost	8,061,859	4,831,873	7,649,147	4,155,176

20.DEBTORS	Group 2023	Group 2022	Vibrance 2023	Vibrance 2023	Vibrance 2022
	Ê	Ê		Ê	Ê
Contract income due	3,119,202	2,470,069	2,209,667		1,904,794
Loans to subsidiary companies				792,458	306,831
lnterest freestaffloans	16,888	20,203		16,888	20,203
Other debtors	837,777	1,072,310		691,081	939,073
Prepayments andaccruedincome	142,980	145,573		127,702	136,920
	4,116,847	3,708,155	3,837,796		3,307,821
Amounts falling dueaftermore than oneyear:
	Group	Group	Vibrance		Vibrance
	2023	2022		2023	2022
	Ê	e		Ê	Ê
lnterest freestaffloans	8,1l8	I0,269		8,118	10,269
21.CREDITORS:AMOUNTS FALLINGDUEIN	Group	Group	Vibrance		Vibrance
ONEYEAR	2023 Ê	2022t		2023 Ê	2022 E
Trade creditors	528,785	495,613		412,515	383,633
Charges-creditbalances	221,473	261,429		58,201	109,822
Taxes and social security costs	379,062	205,797		346,471	165,248
Other creditors	6,954,300	3,531,073	6,933,442		3,371,564
Accruals anddeferredincome	357,301	371,609		244,989	290,157
Conduitfunds(seebelow)		172,149
	8,440,921	5,037,670	7,995,618		4,320,424

inconduitfundsduring theyearare a	s follows:
	Group	Group	Vibrance	Vibrance
GONDUIT FUNDS	2023	2022	2023	2022
	Ê	Ê	€	Ê
Funds brought forward	172,149	172,149
Funds received
Funds disbursed	(172,1491
Balance carried forward		172,149

Theincomefunds include restrictedfunds comp andgrantsheld ontrust forspecificpurposes:	rising the following unexpendedbalancesofdo	nations
	Movement infunds
	Balancelncoming OutgoingBalanceat atIAPril 3lMarch 2022 2023
	Ê€€Ê
LandlordContributiontooffice refurbishment	3,827	3,827
Vibrancetotalrestrictedfunds	3,827	3,827
MentalHealthServices	31,532	31,532
Group total restrictedfunds	35,359	35,359

			Movement infunds
	Balance atIApril 2022	lncoming	OutgoingTransfers		Balanceat 3lMarch 2023
	I	€	€	Ê	€
Employmentcontracts Residentparticipation/welfare	99,869 20,503				89,869 20,503
Furniture replacement	23,419				23,419
Houses maintenance	74,415				74,415
Vibrance total designatedfunds	208,206				208,206

DESTGNATEDFUNDS-GROUPA	ND	VTBRANCE(CONTINU	ED)
			Movement infunds
	Balancelncoming atIApril		OutgoingTransfers	Balanceat 3lMarch
		2022		2023
		ÊÊÊÊ		t
Vibrancetotal designatedfunds		208,206		208,206
Sinking fund/dilapidations		37,252		37,252
Service development		350,000		350,000
Grouptotal designatedfunds	:	SgS,4Sg		595,458

	General	Restricted	Designated	Total
	funds	funds	funds
	€	Ê	Ê	Ê
Fund balances at31March2023are	representedby:
lntangible fixed assets	89,081			89,081
Tangible fixed assets	268,148	3,827		271,975
lnvestments	539,627		387,252	926,879
Current assets	8,574,240	31,532	208,206	8,813,978
Creditors: amounts falling due within
oneyear	(8,440,921)			(8,440,9211
Pensions Liability	(493,423)			(493,4231
	536,752 35,359595,4581,167,569
	General	Restricted	Designated	Total
	funds	funds	funds	as restated
	f	Ê	Ê	€
Fund balancesat31 March2022are	representedby:
Tangible fixed assets	305,882	3,827		309,709
lnvestments	598,379		387,252	985,631
Current assets	6,028,891	31,532	208,206	6,268,629
Creditors: amountsfallingdue within
one year	(5,037,670)			(5,037,670)
Pensions Liability	(1,083,310)			(1,083,310)
	812,172 35,359595,4581,442,999

ANALYSISOFNETASSETS BETW	EENFUNDS-VIBRANCE(CONTINUED)	EENFUNDS-VIBRANCE(CONTINUED)	EENFUNDS-VIBRANCE(CONTINUED)	EENFUNDS-VIBRANCE(CONTINUED)	EENFUNDS-VIBRANCE(CONTINUED)
	GeneralRestrictedDesignated funds funds funds €tÊ					Total Ê
Fund balances at31 March2023are	represented by
lntangible fixed assets Tangible fixed assets lnvestments	89,081 258,397 972,562		3,827			89,081 262,224 972,562
Gurrent assets	7,943,002				208,206	8,151,208
Creditors: amountsfallingdue within oneyear	(7,995,618)					(7,995,618)
Pensions Liability	(469,000)					(469,000)
	798,424		3,827		208,2061,010,457
	General	Restricted		Designated		Total
	funds		funds		funds	as restated
	Ê		€		Ê	Ê
Fund balancesat 31March2022are	representedby:
Tangible fixed assets lnvestments	298,479 972,562		3,827			302,306 972,562
Current assets	5,354,908				208,206	5,563,114
Creditors: amountsfallingdue within oneyear	(4,320,424)					(4,320,424)
Pensions Liability	(1,045,000)					(1,045,000)
	1,260,525		3,827		208,2061,472,558

RESENTVALUES OFDEFTNEDBENEFITOBL EFTNED BENEFTTASSET(LlABlLlrY)	TGATION,FAIRVALUE	OFASSETS AND
	31March2023	31Ma¡ch2022
	(€000s)	(€000s)
Fair value ofplanassets	7,193	11,312
Present value of defined benefit obligation	8,345	12,761
Surplus (deficit) inplan	(t,152\|(1,445)
Unrecognised surplus
Defined benefit asset(liability)tobe recognised	(1,152)	(1,449)
Deferred tax
Net defined benefit asset (liability)tobe recognised	(1,1521	(1,449)

ROUPBALANCE SHEETRECONCILIATION-as r	estated
Net defined benefitassetfliabilitv)tobe recoqnised- Vibrance SHPS (above table)	(1,152)	(1,44e)
Net defined benefit asset(liability)tobe recognised- VibranceLGPS(page4l)	683	404
Net defined benefit asset(liability)tobe recognised- HAIL (page 44)	(24)	(38)
Net defined benefit asset(liability)tobe recognised- Group	(4s3)	(1,083)

DEFINEDBENEFIT COSTS RECOGNISEDINSTATEMENT OF F	INANCIAL ACTIVITIES	INANCIAL ACTIVITIES
	PeriodfromIApril
	2022fo	3lMarch2023
		(€000s)
Current service costs
Expenses		12
Net interest expense		35
Losses (gains) on business combinations
Losses (gains) on settlements
Losses (gains) on curtailments
Losses (gains) duetobenefit changes
Defined benefit costs recognised in StatementofFinancial Activities		47

DEFINEDBENEFIT GOSTS RECOGNISEDINSTATEMENT OF FINANCIAL	ACTIVITIES
	PeriodfromIApril
2022to3lMarch2023
	(Ê000s)
Experience onplanassets(excludingamounts included in net interest cost)-gain (loss)	(4,631)
Experience gains and lossesarisingontheplanliabilities-gain (loss)	270
Effect of changesinthe demographic assumptions underlyingthepresentvalue of the defined
benefit obligation-gain (loss)	17
Effect of changesinthe financialassumptionsunderlying thepresent valueofthedefined
benefit obligation-gain (loss)	4,305
Total actuarial gains and losses(beforerestriction due to someofthe surplus not being
Recognisable) benefit obligation-gain (loss)	(3e)
Effect of changesinthe amount of surplusthatis not recoverable(excludingamountsincluded
in net interest cost) benefit obligation-gain(loss)
Total amount recognised in StatementofFinancialActivities-gain (loss)	(3e)

SETS
	3lMarch2023	31Ma¡ch2022
	(€000s)	(Ê000s)
GlobalEquity	134	2,171
AbsoluteReturn	78	454
Distressed Opportunities	218	405
Credit RelativeValue	27',\|376
Alternative Risk Premia	13	373
Fund of Hedge Funds
EmergingMarketsDebt	39	329
Risk Sharing	530	372
Insurance-Linked Securities	182	264
Property	310	305
lnfrastructure	822	806
Private Debt	320	290
Opportunistic llliquid Credit	308	380
High Yield	25	97
Opportunistic Credit		40
Cash	52	38
Corporate Bond Fund		755
Liquid Credit
Long Lease Property	217	291
Secured lncome	330	422
Liability Drivenlnvestment	3,312	3,157
Gurrency Hedging	14	(44)
Net CurrentAssets	18	31
Total assets	7,193	11,312

	Number	Total earnings	Average Age
		(8'000s p.a)	(unweighted)
Males	5	261	55
Females	I	295	51
Total	13	557	53

		Pensions (Ê'000s p.a)	Average Age (unweighted)
Males	14	17	57
Females	62	107	53
Total	76	124	54

	Number	Pensions	Average Age
		(t'000sp.a)	(unweighted)
Males	14	28	64
Females	28	75	68
Total	42	r03	67

Return on plan assets (excluding amounts included in net interestcost)	(4,792)
lmpactofchanges in share ofassets	161
Experience on plan assets(excludingamounts included in net interestcost)	(4,631)

RESENTVALUES OF DEFINEDBENEFIT OBLI EFTNEDBENEFITASSET(LIABILITY)	GATION, FAIR VALUE	OFASSETS AND
	3lMarch2023	SlMarch2022
	(€000s)	(t000s)
Fair value ofplanassets	1,905	2,021
Present value ofdefinedbenefitobligation	1,222	1,617
Surplus(deficit)inplan	683	404
Unrecognised surplus
Defined benefit asset(liability)toberecognised	683	404
Deferredtax
Net defined benefitasset(liability)tobe recognised	683	404

	3lMarch2023	31Ma¡ch2022
Equities	85ø/o	85o/o
Bonds	5%	5o/o
Property	8%	9o/o
Cash	2o/o	1%

	Period ended
	3lMarch2023
	(€000s)
Defined benefit obligation at startofperiod	1,617
Current service cost	11
Expenses
lnterest expense	43
Member contributions	2
Actuarial losses(gains)due to scheme experience	181
Actuarial losses(gains)due to changes in demographic assumptions	(36)
Actuarial losses (gains) due tochangesinfinancial assumptions	(53e)
Benefits paid and expenses	(57)
Liabilities acquiredina business combination
Liabilities extinguished on settlements
Losses (gains) on curtailments
Losses (gains) duetobenefit changes
Exchange rate changes
Defined benefit obligation at endofperiod	1,222

	Period ended
	3lMarch2023
	(€000s)
Fair value of plan assets at startofperiod	2,021
lnterest income	54
Experience on plan assets(excludingamounts included in interest income)-gain (loss)	(124)
Employer contributions	I
Member contributions	2
Benefits paid and expenses	(57)
Assets acquired in a business combination
Assets distributed on settlements
Exchange rate changes
Fair value ofplanassets at endofperiod	I,905

	Number	Total earnings (Ê'000sp.a)	Average Age (unweighted)
Actives	1	25	55
Deferred Pensioners	3	26	60
Pensioners	3	24	65

tcont	ri	butions
From	1	April2022	to	31	January	83,312,000perannum
2025:						(payable monthly)

tcont	ributions
From	IApril2019	to	30	September	î'11,243,000perannum
2025:					(payable monthlyand increasingby 3% eachon1stApril)

PRESENTVALUES OFPROVISION
	3lMarch 2023 (Ê000s)		31 March 2022 (Ê000s)	3lMarch 2021 (Ê000s)
Presentvalue ofProvision		24	38	155
RECONCILIATION OFOPENINGAND CLOSINGPROVISIONS
			Period	Period
			Ending 3lMarch	Ending 31 March
			2023	2022
			(Ê000s)	(Ê000s)
Provisionatstart ofperiod			38	155
Unwinding ofthediscountfactor(interest expense)			1	1
DeficitcontributionPaid			(14)	(3e)
Re-measurements -impactof anychangein	assumptions		(1)	(r)
Re-measurements-amendmentstothe contribution				(78)
schedule
Provisionatend ofperiod			24	38
INCOMEAND EXPENDITURE IMPACT			Period	Period
			Ending 3lMarch	Ending 31 March
			2023	2022
			(€000s)	(Ê000s)
lnterestexpense			1	1
Re-measurements-impactof anychangein	assumptions		(1)	(1)
Re-measurements-amendmentsto the contribution				(78)
schedule
Contributionspaidinrespectoffuture service
Costs recognised inincome and expenditure	account			(78)

Y"qr enorng	tt#ål'n (Ê000s)	3lMarch 2022 (t000s)	3lMarch 2021 (Ê000s)
Year1	14	14	39
Year2	12	14	40
Year3		12	42
Year4			36
Year5
Year6
YearT
YearI
Year9
Year10
Year11	-
Year12
Year13
Year14
Year15
Year16
Year17
Year18
Year19
Year 20

ollowingTUpE transfersfrom nto theseschemesasfollows:	bothLocal GovernmentandNHSV	ibranceis maintaining contributi
Scheme Name	Number of ActiveMembers	Emplover GontributionRate
LocalGovernmentPension	1	34.50o/o
Scheme
NHS Pension Scheme	4	14.38o/o

At31March 2023thegroup had ann follows:	ualcommitmentsunder	non-cancellable	operatingleas	es as
	Group	Group	Vibrance	Vibrance
	2023	2022	2023	2022
	Ê	Ê	Ê	f
Within oneyear	268,926	190,980	255,591	164,945
Betweentwoand fiveyears	647,668	414,225	647,668	400,890
ln overfiveyears	820,833	120,833	820,833	120,833
	1,737,427	726,038	1,724,092	686,668

			2023	2022
				as restated
			Ê	Ê
Netexpenditure			1275,4201	(139,531)
Depreciationoftangible fixed assets			114,100	155,325
Amortisationofintangiblefixedassets			2,545
Loss on sale of tangible fixed assets				27,605
Net loss/(gain)oninvestments			71,713	(9,295)
Amortisationofgrant				(8,000)
lnvestment income			(71,153)	(14,811)
lncrease in stock			(56r)
lncreaseindebtors			(408,692)	(335,695)
lncreaseincreditors			3,403,251	2,934,877
(Decrease)/increaseindefinedbenefit	pension liability		(230,930)	(329,327)
			2,604,953	2,281,148
ANALYSISOFCHANGESIN CASHAND CASHEQUIVALENTS
			2023	2022
			t	Ê
lncreaseincash			2,136,096	1,925,149
Net bank &cashat1April2022			2,560,474	635,325
Netbank &cashat3lMarch2023			4,696,570	2,560,474
ANALYSISOFNETCASH BALANCES
	AtIApril	Cashflow	Non-cash	At3lMarch
	2022		changes	2023
	â	Ê	Ê	€
Cashatbankandinhand	2,560,474	2,136,096		4,696,570
	2,560,474	2,136,096		4,696,570

	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds
	Ê	Ê	t	€
Previousreportedbalance31March2021	636,662	634,49935,359		1,306,520
Actuarialgainson definedbenefitpension	290,000			290,000
lnterest charges onpensionscheme	(14,000)			(14,000)
Restated balance31March2021	912,662 634,49935,359			1,582,520
Previousreportedfundmovem ent 2021122	(228,490)	(39,041)		(267,531)
Actuarialgainsondefinedbenefitpension	129,000			129,000
lnterestcharges onpensionscheme	(1,000)			(1,000)
Restatedbalance31March 2022	812,172 595,45835,359			1,442,989