REGisfERED COMPANY NUMBER.. 09442336 (England and Walesl
REGISTEREO CHARITY NUMBER.. 1161709
Report of the Trust••s and
Financial Staternènts for th* Year Ended 31$t March 2022
tor
Community Lives Consortlum
Haines Watts Wales LLP. Slalutory Auditors
7 Neptune Court
Vanguaid Way
Caidiff
CF24 5PJ

Communlty Lives Consortium
Contents of the Financial Statements
for the Year Ended 31st March 2022
Page
Report of the Truste•s
Report of the Independent Audltors
Statement of Financial Activities
Balance Shett
10
Cash Flow Statement
Notes to the Cash Flow Statement
12
Notes to the Financial Statements
13 to 23

Communlty LSves Consortium (Registered number: 09442336}
Report of the Trustees
for the Year Ended 31st Marth 2022
The trustees who are also directors of the charity lor Ihe purposes of the Companies Act 2006. present their report wth
th8 financial statements of the charity for the year ended 31s1 March 2022. The trustees have 8dopted the provisions ol
Accounting and Reporting by Charities.. Slatemenl ol Recommended Pr8ctlC8 applicable lo chaiities Preparin9 their
accounts in accordance wlh the Finanryal Reporting Standard appIl￿ble in Ihe UK and Republic ol I￿land IFRS 1021
leffeclive 1 January 20191.
Ineorporatlon
The charitable company was incorwrated on 161h Febnjary 2015.
Objectivès and aetivitlès
Purp058s and aims
The aim ol Ihe Consortium is to provide support lor people who wanl to live successlul lives in thgir ¢x)mmunities. The
Consortium provides services under contract vAth either City and County ol Swansea or Neath Port Talbot County
Borough Council.
Public benefit
We review our aims. objectives and acb"wlies each year. This rewew looks al what we achieved and the outcom&5 01
our work in the pievious twelve monU)s. The rewew also helps us ensure our aims. objectives and aclivilies remained
focused on our stated objectives. We have refeired to the guidance contsined irh the Charity Commission's general
guidance on public benefit when reviewng our aims and objectives and in planniw our futufe activities thus ensuring
that il continues in its purpose of supwrting disabled people lo INe successful lives in Iheii communities.
Page 1

Community Lives Con$ortlum (Reglstered numbèr.. 09442336)
Report of the Trustees
for the Year Ended 31st March 2Q22
strategic report
Achievement and perfomiance
Chalitable activities
The Consortium bs a non-profit making organisalton. we support people vtho need extra support 8nd social care lo live
successlul lives in the communities of Swansea arKI Neath Port Talbot.
Our shared purpose Trs lo s(tpport people lo live the lile they choose.
The people it SLtpports, their families. and th8 staff ernployed to support them ale encouraged to work logether so that
Ihe things that malter to these people occur reliably and sèfely in Iheir I￿es.
Our yea¥ between April 2021 and March 2022..
The organisalion has started supp￿lIng more people over the year as it stsrts to grow again following th&
conclusion of the Swansea relendering process.11 all vacant tenanues arg filled we have capaaly to serve 175
individuals al the end ol the year.
By the end ol the year we were delivering 11,010 hours of SUPFKtrri per week an(S employed 396 staff.
In response lo this relendering we have developed a new locality model for support. this model has won all ol the
tenders possible and scored very highly in the tendering Gompetitions that took Flace. This locality model ol
5UPPOrted living is now being developed to become lomally user led. we now have rnonlhly user-led
managenient groups for all of our localities. We are also suprK)rting 5 of oui members to run their own Direct
Payment cooperalsve through which Ihey organise their personal care which the organisation Ilelivers. This is
Challenging us lo make all ol our management syslems simpler so Ihal people can becorne full partners in lh8
management of their support.
We provide Ihese services lo the people thal we support=. Supwjrt wilh personal care and lo maximise their
wellbeing and independen¢e.- Support to live a full live in the community and to access employment and day
time opportunities- Support to mainiain and develop their personal social nelworks- Support to manage their
money.- Support to look after their home.
The people that we support have 5 ijifferent St￿la1 landlords. some also have private landltsrds and two own their
homes.
In this year a rnajor theme has been protecting both the people we support and their staff teams from COVID19
We have introduced comprehensive measures that have ensured ihat we and Ihe people we support have
followed the changing COVID guidance over this period. Only a small numbei of people we support have tested
positive for COVID 19 and they have all had a mild illness. Our COVID measures have been Mewed as robust
and thorough by local Public Health officials.
Our communication systems have thanged in resFM)nse to COVID and we have used 'F8cebook Workplace, as
an internal communication system. This has enabled lenants and slalf to communicate openly with eaGh other
while covid restrictions have been in place. We tjse communication systems prowded by both Googlo and
Facebook thL*S this has also improved the ￿5111ence of our communication systems.
The greatest pressure on the organisalion is the diificulty to recruit sufficienl numbers ol stall. this is an issue
across the social care sector however the level ol recruilmenl in March 2022 was 93Qk and the turnover for the
second six months ol this period was 14Y.. This issue is exacerbaled by a highei level ol sickness abs8nC8
caused by COVID 19. We have worked with our commissioners lo develop a low slalfing plan, this plan has
enabl8d us lo provide a safe and oulcome focused semce while we have been managing bolh Covid and under
r8cruilmenl. It is very posilive thal in Oclober 2021 oui comtnissioner5 agreed lo give vs a 10Yo fee uplill so that
we could increase front line rates of pay lo above Real Llving Wage level5.
Financial review
Flnancial position
The operating surplus for the pe￿d ended 31sl March 2022 amounted lo £245.635. The overall level ol funds carried
forward into 2021122 amounted to £696.282 of which £166,880 is reslll¢led.
Funding continued to be received from those local authorities wth whom the Consortium has a service level agreement.
This income is treated a5 reslriGled based on geographical grounds. In addition the Consortium rerRived Supporling
People Grant from those local authoriiie5 as well as contributions Irom the people we support in Ihe form of housing
benefit and other conlribulions. The principal cost for the period was staff salaries and related costs, the staff provides
the level of care reoLJireil lo meet the Consoriiurn's obligation5 under the Servi￿ level agreements. In addition. the
Consortium rneels the cost of accommodation on behalf ol U)e people we 5UPPOrt, including rent. housing associations
manaoement charges and other housekeeping costs.
Page 2

Community Llves Consortlum (Registered number. 094423361
Report of the TruSt￿S
lor Ihè Year Ended 31st March 2022
Strateglc report
Financial review
Reservos polScy
The reserves policy ol the Consortium recognises the need lo hold reserves to ensure funds ar8 available ¢0
provide
conijnuing care to people disabilities should Ihe irKome levels fall. A minimLJm level ol reseNes need5 to be
reiained to ensure the trustees can opeiate If individual proiecis are lost to 8nsure the rernaillin9 projects can support
indirect overheads. In addition, reserves are required to meet legal and other statutory commitments should the
Consortium be unable to continue due to a lack of a sustainable income stream.
Reserves are also requi¥ed lo meet Ihe luture maintenance programme for the actx*mmodatitsn prtiwded for the people
we support. The trustees have set a target ol establishing and mainièining the charity's reserves al a level which is at
least equivalent to three months'operalional expenditure aThJ wll do so having regard lo Ihe manner of operation
of its funding streams.
The Consortium is dependent upon receipt of Local Authority Giants. Supporting People Grants and other inctsme. Thè
current economic climate is uncertain and the threal ol Central Govemment cul5 wll almost certainly have a negative
impael on future income slrearns. A reduction in thal govemmenl funding wll inevitably lead lo a review ol current grant
levels. The twsl is experiencing a lack of lunds available lor SUPFQrt due to Ihe historic low interest rates.
The Con50rtium iecorded an increase irb its unreslrided funds of £195.635, with over811 total funds showng a nel assgt
position of £696,282 at the year etmj. This reflects the operational ackn"￿tles lor the year which saw a surplu5 of
£245,635.The level ol available reseThes unreslricled funds less fixed asseis and designated reseNes on 31st March
2022 was1£322.7261. This is due lo Ihe change in Ihe way SHPS are now able to provide CLC with the actual cost of
the past service deficit debt under FRS102 in relatK)n lo the closeil Defineil Benefit scheme thal operated in the past.
The inclusion of this liability has a negalive impa¢l of £459.0￿} on the reserve5.
The trustees are committed to maintaining current seFWts levels for as long as the funding pèmils, and will review thè
levels ol resetves required regularty on a quarterly basis, vthen Ihe quarterty management accounls are
presented.
Plans for future ￿riOdS
The Ihings Ihal have happened over the last year. the inlomialion we have about our performance and whal we
have
been told by people involved wlh the semce suggests thal there ar8 important things we need to loGus on.
these are".
Recruitment, ¥elention and working lo become a Real Living Wage Employer again now that the Real Living
Wages rate has increased to £10.90 per hour
Developing our I￿alitieS model
Maintaining robust financial management
Actively s8ek new opportunities in other l(ul authorily areas
Further inforwnation on these plans can be found on our full Annual Report 8vailable Irotn our website.
Improving the way we manage the organisation
Recruitment
In April 2022 the most significant challenge lo Ihe successful delivery ol our seNce is continuing to recruit a sufficient
number of s18ff. We have commilled wrselves to remainiry a Real Living Wage empfoyer, after Ihe rate of Real Living
Wage increased to £10.90 per hwr in October 2022 we need a furlher rate uplift of at least 5.5% to meet these wsts.
these are being negotiated with our commissioneis.
We have created new roles to allracl both social care students in local wllws arhd also morg experienced staff through
the ciealion ol a Lead Support Worker role.
We are developing a very local recruitment approach vthich links wth local community development workers and
community groups and linds people looking for work who share similar inleresls to the people that we support.
Financial Management
In May 2021 we very sadly lost our Direclor of Business and Fw)ance after a very sudden illness. Our Business and
Finance team has covered his absence positively. We apwinled an Inlerim Financial Controller to support our finance
team lo develop and this has led lo ￿¢rUitIng a new Part Time Financial Conlroller posl to supervise Ihe team from
September 2022 onwards.
Page 3

Communlty Llves Consortium IRegi$tered number: 094423361
Report of the Tiustees
for the Year Ended 31st March 2022
Structure, governance and managèmenl
Governlng document
The charity is ¢onlrolled by its goveming document. a deed ol trust. and constitutes a limited company, limited by
gvar8nte8, as defined by Ihe Companies Act 21106.
The Charity is a company limited by guarantee, wisiration number 09442336 and is governed by its Memorandum and
Articles ol Association. 11 is also registered wth the Charity Commissson, number 1161709. The Tru51ee5 are a150 the
Board of Management (DIr￿t01$) of the Charity. The Iwslees nominale prospectsve truslees ¥tho are officially accepted
at the Annual General Meeting.
Reeruitmont and appointmènt of new trustees
The Trustees are appointed by the MemL￿r$ at Ihe AGM. They are not only drawn from the business community in Ihe
locality in which the Ctrnsottium operales, tH¥t also include repre5enlalives from fflanagillg partners and other
organisations working Mith the Consortium. In addilitsn. the people we 5upporl are encouraged to b8come board
members as part ol the Consortium's philosophy of iMpro￿n9 and developing therr lives.
Most of Ihe trustee5 ore already familiar wlh the practul work of Ihe Consortium. New trustees are invited and
encouraged to attend a series ol short training sessions to familiarise themselves with the Consortium and the Context
within which it operates. An Induction pack has beèn prepared drawirbg information from the various
Charity
Commission publications signposted through the Commission's guide "The Essential Trustee. as a follow up to
these sessions.
Organisational stru¢tur•
The Iwstees are responsible for formu181ing w)licie$ and prwedures and for ensuring Ihe Correct level of internal
control. The day lo day iunning ol the Con50rtium is the iesponsibilily of the Chief Executive and th8 Management
Team, who report to the Injstees at their regular meelings. There are no viAunteers.
The Board of Management have overall responsibility for the govemance of CLC.
Financial controls
Controls over the client affairs are affecled by an inspection by both the Trustees and Ihe extemal auditors. Internal
conlrols are subject lo regular inspections from the contract managers and the local aulhorilies.
Employmenl pollcles
The charity's policy is to give full and lair consideration to applications for employment made by disabled persons,
having regard lo their particular apliludes and abilities.
Disabled employees receive 8ppropriate tr8inin9 to promote their ￿reer development wthin the charity. Employees who
become disabled are ietained in their existing Posts where possible or relrained for suilablo alternative posts. Regular
meetings are held beNveen senior managemertrl ar￿ employee represen1a￿VeS to discuss matters of conc@rn.
Employees are kept w811-inforn)ed aboul Ihe progress and position of the tharity by means of regular departrnenlal
meetings.
Related partles
The trustees iTiclude seNice users and relatives loi which Ihey r8ceive no sp8cial rights or priwleg85.
Risk management
The trustees have a duty lo identify and review Ihe risks to which the Charity is exposed and to ensure appropriate
controls are in place to provide reasonable assvrance against fraud and error.
The Trustees have iecognised the loss ol grant lunding and a failure of its duly of care io the b8neficiaries of the
Consortium as ils major risks. To mitigate the 1055 01 lunding a Teserve policy has been created to enable the principal
objects lo be mel and lo meet any statutory ￿undan¢Y costs which may arise as a resull ol the loss. Suitable levels ol
supervision. training and procedures have been put into place lo ensure the standard ol care is ol the highest level.
Internal controls have also been implemented lo safeguard Ihe people support money.
Reference and administrative details
Registered Cornpany number
09442336 (England and Wales)
Registered Charity number
1161709
Page 4

Communlty Llv•s Consortlum (Rtglstered numbor: 094423361
Report of the Trustees
for the Year Ended 31st March 2022
Registered offiet
24 Walter Road
SWANSEA
SA1 5NN
Trustg8S
Mr C Edwards
Mr S H Harper
Ms N J A Roberts
Mr P Shullleworth
MsSMCole
Mr l G Davies
Mr P J Jones
M5 L C Slainsby
Mr P Lawrence
Company Secretary
Mr R I Wilson
Auditors
Haines Walls Wales LLP, Statutory Auditors
7 Neptune Court
Van9uard Way
Cardiff
CF24 5PJ
Bankers
Barclays
Mid & South West Wales Team
1-6 Pocketls Wharf
East Burrows Roail
Swansea
SA1 3XL
Funds held as custodian for others
The Consoriium manages money on behalf ol its semces users. This semce includes paying expendituie on their
behalf. Detailed records are kept lo ensure Ihal the Consorlium is able to i(Jentify amounts owed tolby each indimdual.
Key management
Rick Wilson- Chief Executiv8
Lynda Rosselli - Responsible Individual
David Liddiard - Parl Time Finanaal Contrdler
Statement of trustees. responsibilities
The trustees (who are also the directors of Community Lives Consortium for the purposes of Company lawl are
responsible for preparing the Report of Ihe Trustees and Ihe financial slatemenls in accordance with applicable law and
United Kingdom A¢¢ounting Standards (United ￿"ngdoM Generally Accepted Accounts"ng Praclicel.
Cornpany law requires the trustees lo prepa￿ finanual sialements lor each financial year which give a true and fair view
of the stale of affairs ol the chaiilable cornpany and ol the incoming resources and applicalion of resources, including
the income and expenditure, ol the chafltable company lor Ihal period. In preparing those rtnancial siatements, the
trustees are required to
select suitable accounting poliaes and then apply them consistenlly.
observe the methods and prinapies in the Charity SORP..
make jvdgemenls and estimates that are reasonable and pwdent:
slale whether applicable accounting standards have been lollowe(I, subject lo any maleiial departures disclosed and
explained in the financial slalemenls..
prepare the financial slalements on the going conc8m basis unless it is inappropriate to presume thal Ihe charitable
company wll continue in busine5S.
The Iruslees are responsible for keeping proper accounbng recoids which di￿lOse with reasonable accuracy al any
lime th8 financial position of the etharitable cofflpany and to enable thetn to ensu￿ Ihal the financial slalemenls comply
wilh the Companies Act 2006. They are also responsible foi safeguarding the assets of the Charitable company and
hence for taking reasonable steps for Ihe prevention and detects.on ol Iiaud and oU)er irregularities.
Page 5

Community Lives Consortium (Registered number.. 094423361
Report of the Trustees
for the Year Ended 31st March 2022
staternent of trustees. ￿spOnsIbl11¢1e$- continued
In so lar a5 the trustees are aware=
there is no relevant audit inlormalion ol which the chariiable companls auditors are unaware.. and
the Iru5tees hav& taken all steps thal they ought to have iaken to make Ihemselves awafe of any relevant audit
inlormalion and to establish thal the auditors are aware of that infom)alion.
Auditors
The auditors. Haines Walts Wales LLP, Stalulory Audilors. VAII be proposed for re4ps)oinlmenl at the forthcoming
Annual General Meeling.
Report of Ihe trustees. in￿r
direclors. on
aling a strategic report. approved by order of the txjard ol trustees, as the ¢ompany
and signed on Ihe board's behalf by".
..1.91.1.21.2r
Mr S H Harper- Tiustee
Page 6

Rèport ol th• Inde￿ndent Audltors to the Members of
Community Lives Consortium
Oplnlon
We have audited the financial statements of Community Lives Consortium Ilhe'charilable companYI for the ye8r ended
31st March 2022 which comprise the Statement of Firbancial Activities. Ihe Balance Sheel. the Cash Flow Statement and
notes to the financial statements. including a summary of significant accourbts.ng Oicies. The financial reporting
fr8mework that has been applied in their preparalion is applicable law and United Kingdom Acwunting Standards
(United Kingdom Generally Accepted Accounling Practi￿1.
In our opinion the financial statements=
give a true and fair view of the state of the tharitable compan1$ 8ffairs as at 31st March 2022 and of its incoming
resources and applicalioll ol resources, including its incowne and expenditu￿, for the year then ended..
hav8 be8n propeTly prepared In accordance wth United Kingdom Genelally Accepted Accounting Piactice., and
have been prepared in accordance with the requirements ol the Companies Acl 2006.
Basis lor oplnlon
Wo conducted our audit in accordance wth Intemalional Standards on Audiling IUKI {ISAs IUKII and applicable law.
Ouf responsibilities under those standards are furthei described in the Audilors. responsibilities lor the audit of Ihe
financial statements section ol our report. We are independent of ihe charIta￿e company in accordance with the ethical
requirements that are relevant to our audil of the financial statements in th8 UK. inclLKling the FRC'S Ethical Standard.
and we have fulfilled our olher ethical responsibiliii85 in accordance wth these requirements. We believe that the audit
evidence we have obtained is suffKient arml appiopriate to prO￿￿e a basis for oui opinion.
Con¢lusions relaling ¢0 going Con￿rn
In auditing the financial slalemenls. we have conduded thal Ihe truslees. use of the g(yng concem b8si$ ol awounting
in the preparation of the financial slatemenls is appropriate.
Based on Ihe work we have p8rtorm8d, we have not identified any malerial uncertainties rela14.ng lo events or conditions
that, individually or collectivety, may cast signifthnl ijoubt on the charitable company's abilily lo Continue as a going
concern lor a period of al least h¥elve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Irustees wilh respecl lo going Con￿r￿ are described in the relevant
sections of this report.
othèr Informatlon
The Iru5tees are responsible lor the other infomiation. The olhei infomalion comprises the inlomiation included in the
AnnLJal Report. other than the financial statements and our Repctrrt ol the Independent Auditors Ihereon.
Our opinion on the financial statements does not ¢over the other information and, except to the extent otherwise
explicitly stated in our report. we do not express any form of 85surarbce conclusion thereon.
In connection with our audil of the finan￿81 ststements, our restK)nsibilily is lo read the other snfomation and. in doing
so. consider whether the other inforrnalion ss materially inconsislent with U)e finanaal stalemenls or our knowledge
oblain8d in the audit or citheTh*ise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements. are required to determine whether Ihis gives rise to a material misslalenient in the
financial slalemenls Ihemselves. If, based on the ￿￿*rk we have performed. we conclud8 that th8re 15 8 material
misstatemenl ol this other infomation. we are reqvired lo report that facl. We have nothing to report in this regard.
Opinions on other rnatter5 preserlbed bythè Companlès Act 2006
In our opinion. based on the work undertakerb in the course of Ihe audil."
Ihe inforrnation given in the Report ol Ihe Trustees lor the (Inancial year lor vrt)id) the financial statements are
prepared is con515tenl wlh the financial slatefflenls,. and
the Report of the Trustees has been prepared in accordance wlh ap￿IcaNe legal reqviremenls.
Matters on whi¢h we are required to report by exception
In the light ol the knowledge and understanding ol the charitable company and ils enwronmenl obtained in the ctsurse of
the audit, we have not identslied material misstatements in the Report ol the Trustees_
We have nothing to report in ￿SpeCt of Ihe fdlowtwJ matlers where the Companies Act 2006 requires us to report to you
il, in ovr opinion..
adequate aocounling records have nol been kept or retUm5 adequate for our audil have nol been ￿ceiVed Irom
branches not visited by us.. or
the financial statements are nol in agreemenl with the accountsng ￿CordS and relums", or
certa￿n disclosures of trustees, remuneration speafied by law are not made., or
we have not received all the Information and explanations we require lor our audit.
Page 7

## **Report of the Independent Auditors to the Members of Community Lives Consortium** 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements 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 misstatement, 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 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

Our planning procedures identify the legal and regulatory frameworks applicable to the operations and financial statements of the group. These are reviewed internally with the audit team including relevant industry experience and expectations as well as externally with the client management. The key laws and regulations we considered in this context were the UK Companies ACT 2006, Charities Act 2011 and relevant tax legislation. 

Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly.  Our audit procedures include: 

- Discussing with Trustees and management which areas of the business they believe to be more susceptible to fraud, and whether they have any knowledge or suspicion of fraudulent activities; 

- Obtaining an understanding of the key controls put in place by the group to address risks identified, assessing the effectiveness of those and discussing how these are maintained and monitored internally; 

- Assessing the risk of management override and review and testing of journal entries made into the accounting system; 

- Challenging assumptions and judgements made by the group in relation to the significant accounting estimates employed in the preparation of the financial statements; 

- Discussions with Trustees and management the legal and regulatory obligations of the business and whether they have any knowledge or suspicion of non compliance. 

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularities likely involve collusion, forgery, intentional misrepresentation, or the override of internal controls. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## **Use of our report** 

This report is made solely to the charitable company'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 members those matters we are required to state to them in an auditors' 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Victoria Carter (Senior Statutory Auditor) 

for and on behalf of Haines Watts Wales LLP, Statutory Auditors 7 Neptune Court Vanguard Way Cardiff CF24 5PJ 

22/12/2022 Date: ............................................. 

Page 8 



Communlty Llves Consortium
Slalement of Financlal Actlvltles
Ilncorporating an Incorne and Expenditure Account)
for the Year End•d 31st March 2022
2022
Total
funds
2021
Total
fund$
Unrestrtcted
funds
Restricted
fund$
Not85
Income and endowments from
Charitable acti¥itios
Supported living
12,194.715
12.194,715
13,175.057
Expenditure on
Charitable activltles
Supported living
I1,￿9.080
11,949.080
13,122.766
NET INCOME
Other re¢ognis8d gainslllossesl
Actuarial gainslllossesl on defined benefit
schemes
245.635
245,635
52,291
{50.0￿)
150,0001
184,0001
Net movement in funds
195.635
195,635
131.7091
Reconciliation of funds
Total funds brought fO￿ard
333.Y67
166.880
500,647
532,356
Total funds carried forward
529.402
166.880
696.282
500,647
The notes forrn part ol ihese financial sialements
Page 9

Community Lives Consortium IRe9islered number.. 094423361
Balance Sheet
31st March 2022
2022
Total
funds
2021
Total
funds
Unrestrfcted
funds
Restrlcted
funds
Notès
Fixed assets
Tangible assels
639.119
639,119
656,493
Current assets
Debtors
Cash al bank
1.040.438
30.548
1.040.438
197,428
889,527
198.719
166.880
1.070.986
166,880
1.237,866
1,088.246
Creditors
Amounl5 lallin9 due within one year
10
(668.7081
1668,7081
1582.2761
Net currenl assets
402.278
166.880
569,158
505,970
Total as5et5 less current liabilities
1.041.397
166.880
1.208,277
1,162,463
Credltors
Arnounls falling due after mor8 than one year
152.9951
152,9951
192.8161
Provisions for liabilities
14
{459.0001
1459,0001
156g,0001
NET ASSETSIILIABILITIESI
529,402
166,880
696.282
500.647
Funds
Unrestricted funds
Restricted funds
15
529.402
166,880
333,767
166,880
Total funds
696,282
500,647
The financial statements were approved by Ihe Bo8rd of Twslees and authorised lor issue
on
1.911212Q22...............
and were signed on its behalf by=
Mr S H Harper- Trustee
The noles fowwn part ol Ihese financial sialements
Page 10

Communlty Lives Consortium
Cash Flow Statement
for the Year Ended 31st March 2022
2022
2021
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
46.162
14.3761
1135.4091
15.3841
Net cash wowded byllvsed in) operaling activi￿8$
41.786
1140,7931
Ca$h Ilows from finan¢in9 activities
Loan repayments in year
139.8211
135,4901
Nel ¢ash used in financing actiwligs
139,821}
135,4901
Change Sn cash and cash oquivalents In
the reporting period
Cash and ¢a5h equivalents at Ihe
beginning of the reportlng period
1.965
1176.2831
195.463
371,746
Cash and cash equivalents at the end of
the reporting period
197.428
195.463
The notes lom) parl ol these financial siatemenis
Page11

Community Lives Consortium
Notes to the Cash Flow Statement
for the Year Ended 31st Ma￿h 2022
Reconclllation of n8t income to net cash flow from operatlng activitiès
2022
2021
Net Incomè for the reportin9 period las per the Statement of Finanesal
Activities)
Adjustments for:
Depreciation Charges
Interest paid
Ilncreaselldeuease in deblors
Incieaselldecreasel in creditOTS
Oifference belween pension chaige and cash contribulions
245,635
52,291
17,374
4,376
1150.9111
89.688
1160,0001
18,387
5,384
45,811
1102,2821
1155,0001
Net cash provld•d byllusad inl operations
46,162
1135.4091
Analysis of cash and cash equivalents
2022
2021
Notice d8POSlts (less than 3 mot)ths)
Overdrafts induded in bank loans and overdralts falling due within one year
197.428
198,719
13.2561
Total cash and cash ￿￿1¥al￿nIS
197.428
195.463
Analysis of Changes in net lunds
At 1.4.21
Cash flow
At 31.3.22
Net cash
Cash al bank
Bank overdraft
198,719
13,2561
11,2911
3,256
197.428
195,463
1,965
197.428
Oebt
Debts falling due within 1 year
Debts falling due after 1 year
136.5871
192,816}
136,5871
152,9951
39.821
1129.4031
39,821
189,5821
Total
66.060
41.786
107,846
The notes fomi part or these financial slalements
Page 12

Communlty Llves Consortium
Notes to the Fin3ncial Statements
for the Year Ended 31st March 2022
A¢counting pollciès
Basls of preparing the financial statements
The financial slalements of the charilable Company. which 1$ a publ￿ ben8fit entity under FRS 102, have been
prepared in accordance wilh Ihe Charities SORP (FRS 102)'Accounting arml Reporting by Charities." Statement
ol Recommended PraGtsGe appltGabJe to charitses preparing their accounls in accordance with Ihe Financial
Reporting Standard applicAble in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,. Financial
Reporting Standard 102'The Financial Reporting Standard applicaNe in the UK and Republic of Ireland. and th&
Companies Act 2006. The finèntsal stalements have been prepared under the historical cost convention.
Community Lives Con5￿tiuM is a charilable eompany in the United KIn￿J0M. The address of the regislered
office is given in the charity snformaliijn on page 5 of these financial statemenls. The nature of the Charily's
operats.tsns and principal aclivities are the provision ol or assistance wlh supported living.
The significant accountiTrJ policies applied in the preparation of Ihese finan￿31 slatÈmenis are set out below.
These policies have been cortrsistenlty appl¢8d to all years presented unless olhetwse stated.
Income
All income Is recognised in the Stalement of Financial Activities On￿ the charity h8s 8￿￿￿ement to the lunds. it
is probable that the income wll be received and Ihe amount Gan be measured reliably.
Housing benefil daimed on behalf of all servic8 Users is accounted fot on a receivaNe basis.
Grants and service level agieements to support the provision of care are accounted for in th8 finan￿al year to
which they relate. Grants received to finance the CA)St of fixeil asset are recognised as iestricted funds and used
to finance the annual depreciation charge.
Investment income comprises bank deposit interest received.
Exp•ndlture
Liabilities are recognised as eXperKJilU￿ as soon as the￿ is a legal or constructive obligation commilling the
charily to that expenditure. il is probable thal a transler of economic benefits wll be required in settlement and
the amount of the obligation can be measured reliably. Expenditur8 is accounled for tsn an accfuals basis and
has been classified under headings that aggregate all cost related to the category. Where costs cannot be
directly allributed to particular h8adbn9S they have been allocaled to aclivilies on a basis consislenl wilh the use
of resources.
IrrecoveraNe VAT is charged againsl the category ol {esou￿$ expended lor which it w8s incurred.
Governance costs
Governance costs include costs ol the preparalton and examination of the slalutory accounts, the cosls ol
trustee meetings and Ihe cost of any legal advice to trusiees on govemance or constitutional mallers.
Suppori costs
Support costs include central fun¢lions and have been allocated lo actiwly cost categories on a basis consislenl
wlh the use of resourc85. for example. allocating property costs by floor areas, or per capila. Staff wsts by the
time spent and tsther costs by Iheir usage.
Tanglble fixed assets
Depreciation is provided at the Idlowing annual rales in oriler to wrile off each asset over its estimated uselul
Freehold property
Fixtures and filtings
Motor vehides
1.5% on Cost
15% on cosl
20% on Gost
Fixe(l assets with a value in ex¢trss of t1.0￿ ale inib.ally ￿Orded al cost.
Taxatlon
The charity is an exempt charily wlhin the meaning ol schedule 3 01 the Charilies Acl 2011 and is c(>nsidered to
pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and Iherefore it rneets the definition ol a
charitable wmpany for UK corwation lax purposes.
Fund accountlng
Unrestricted funds can be used in accordance wth the charitable obiectives al the discrelion of the trustees.
Page 13
continued...

Community Llv•s Consortium
Notes to the Financial Statements - continued
for the Year Ended 31st March 2022
Accountlng policies- continued
Fund accounting
Restricted funds only be used lor particular reslricled purposes wilhin Ihe objects of th8 charity. R85trictions
arise when specified by th8 donor or when funds are raised for particular reslficled purposes.
Further explanation of Ihe nalvre and PUryM)se of each lund is included in the noles to the financial sialements.
Pension costs and other postwrntlrement benaffts
The Charity operates a defined conlributs.orh pension stheme. Contribution payable to Ihe charities pension
stheme are charged to the Sla(emenl ol Financial Acliwlies in the period to which they relale.
The Charity also operates a defined benelil pension scheme. The assets of the scheme are held separately
from those tsf the Charity. The prowsions of FRS102 have been adopted. The contributions to the scheme are
charged to the Slalement ol Finanual ActsMties so as to spread thg cost of perisions over Ihe service lives ol
employees.
Conlifmed corblribution5 towards past service defiials are recognised on Ihe balance sheet as a creditor on
nolilicalion wth valuations and payments lovrards Ihis balance adjusteil annually and in line wlh Iri-annual
valuations.
Debtors
Debtors include amounts owed to the tharity for the provision ol goods and services or arnount5 the charity has
paid in advanc8 for the goods and se￿7{*$ il will I￿1Ve. Debtots are measured al Iheii recover3ble amounts.
Cash at bank and in hand
Cash at bank and in hand is held lo meet short-term cash commitrrbents as they fall due and includes all cash
equivalenls held in the form of short-lerm highly liquid invesiments. Cash equivalents are 5hort-term. highly liquid
inveslmenls that are readily convertible to known amounts ol cash and that are subject to an Insignilicanl risk of
changes in value. A cash equwalent will normally have a shorl maturity of,say, three months or less from the
date ol acouisibon.
Llabilities
Liab111lies ale atnounts due to ¢reditors and any proVis￿n made as a result of an obligation lo transfer economic
benefits. usually in the lom of a cash payment, lo a third party. Liabilities are measured al Iheir selllemenl
amount and recognised lor the amount that the chèiily anticipales ¢t will pay to settle the debt.
Redundancy Costs
Redundancy costs arising from periodic reviews of slaff levels are charged against the slalemenl ol financial
acts'vity In which employees leave Ihe charity.
Income from charitable activities
2022
2021
Activity
Supported IN7ng
Supported living
Supported limng
Supported liwng
Supported lithng
Supported limng
Supported liwng
SSOD charg85
ILF
Housing benefit
Swansea Community Care
NPT Cr)mmunity Care
Swansea Bay UHB
Rhondda Cynon Taff
Covid-19 grant5 and
additional income
Sundry income
562,573
14.3801
1.821.394
4.031.070
3,772.781
1,117.564
651,032
65,322
2.101.886
4.881.739
3.341.332
1.337.960
74,546
Supported living
Supporled living
784.548
109.165
553.831
167.409
12,194,715
13,175,057
Page 14
continued...

Communlty Llv•s Consortlum
Notes to the Finan¢ial Statements- continu
for the Year Ended 31st March 2022
Charltable acti¥ilie$ costs
Support
costs15e8
notè 41
Direct
Costs
Totals
Supported liwng
10.467.384
1,481,696
11,949,080
Support costs
Govèrnance
costs
Manag•m•nt
Totals
Supporled liwng
1.468,496
13,200
1,481.696
Net IncomellexpendSture}
Net incomel{expenditure) is slated after Chargin￿(¢[ellItsn9}'.
2022
2021
Auditors. remuneratio
Auditors. remuneration lor non audit work
Depreciation- owned assets
Loan interest
13,200
20,034
1,320
18,386
4,384
17,374
4.376
Trustees, remuneration and benefits
There were no trustees. remunerati£￿ of cther benefits for the year ended 31sl March 2022 nor lor the year
ended 31st Mafch 2021.
Trustees. ex￿nSeS
There were no trustees. expenses paid for ihe year ended 31s1 March 2022 nor lor the year ended
31 sl March 2021.
Staff costs
2022
2021
Wages and salaries
Social security cosls
Other pension costs
8,955,402
666.323
283.906
9,860.745
735.540
347.207
9.905.631
10.943,492
The average monthly number of employees durtng Ihe year was as fdlows..
2022
368
34
2021
458
34
Operational slalf
Administrative staff
402
492
No employees received emoluments in excess 01 £60,1)00.
During the y88r. Comrnunity Liv8s Consortium paid key managemenl gross salaries tolalling £131,586 12021..
£185.6581. Key management are considereij lo be 2 individuals Iluring the year 13 in prior yearl who directly
irnpacl upon th8 strategic direction ol the charity.
Page 15
conlinued...

Community Lives Consortium
Notes to the Financial Statements- continued
lor thè Year Ended 31$t March 2022
Tanglble Ilxed assèts
Flxlures
and
fittings
Freehold
property
Motor
vehicles
Totals
C05t
Al 1st April 2021 and 315t March 2022
708.607
9.398
43,671
761,676
Deprectation
Al 1st April 2021
Charge for year
64.787
11.314
9.398
30,998
6,060
105,183
17,374
Al 31st March 2022
76,101
9,398
37,058
122,557
Net book value
Al 31st March 2022
632,506
6,613
639,119
Al 31st March 2021
643,820
12.673
656,493
Debtors= amounls falling due wlthln onè ￿ar
2022
2021
Trade debtors
Other debtors
969,445
70.993
878,995
10,532
1,040,438
889,527
10.
Credltors.. amounts lalling due within one year
2022
2021
Bank loans and overdrafts (see not8 121
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
36,587
51.133
218,936
342,018
20.034
39.843
38,799
187.970
295.630
20.034
668.708
582,276
Deferred income brought forward
Arnounts released lo incoming iesources
Atnounts deferred in year
249,255
1249,2551
213,587
191,128
1191,1281
249,255
Defer￿d incorne carried forward
213.587
249,255
Page 16
(xjntinued...

Communlty Llves Consortlum
Note$ to the Financial Statements- continuod
for the Year Ended 31st March 2022
11.
Cr¢ditors.' amounts falllng due after more than one ￿ar
2022
2021
Bank loans (see note 12)
52,995
92.816
12.
Loan¥
An analysis of th• rnaturity of loans is given below".
2022
2021
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
3.256
36.587
36.587
36.587
39.843
Amounts falling between one and two years:
Bank loans- 1-2 years
24.433
36,587
Amounts falling due between two and five years=
Bank loans- 2-5 ye8rs
28.562
55.144
Amounts falling due in more than five years-.
Repayable by instalmenls..
Bank loans more 5 YT by inslal
1.085
13.
Securtd dèbts
The following secured debts are induded *ithin credFlors=
2022
2021
Bank loans
89.582
129.403
The bank loans are secured ¢)n the assets of Community Lives Consortium.
14.
Provbslons for Ilabilities
2022
2021
Pension Deficil Liabilily
459,000
569.000
2022
2021
Balance brought forward
Amounts provided in the year
Arnounls released in Ihe year
569.000
640,000
1110.0001
171,0001
Balance carried lorwdrd
459,000
569.1)00
During Ihe year the Charity has been pr(Mded with ils Calculated share ol the net liability ptssilion lor its
parlicipalion in SHPS. Full details of Ihe pension scheme are shown in note 19.
Page 17
nlinued...

Communlty Lives Consortium
Notes to the Financial Statements- continued
lor the Year Ended 31st March 2022
15.
Movement In funds
Nèt
movement
in fund$
At
31.3.22
At 1A.21
Un¥estri¢ted funds
General fund
Self Assurance
CLC Assistiv8 Technology
R&R Reserve
1518,6171
99,964
734.664
17.756
195,635
1322,9821
99,964
734,664
17.756
333.767
195,635
529,402
Restrlcted funds
Intensive Support
Local Authority
Ysgol Street Developmenl
101.863
32,642
32.375
101,863
32.642
32,375
166.880
166.880
TOTAL FUNDS
500.647
195,635
696,282
Nel movement in funds. inclvded in the above a￿ as follows..
Incoming
resources
R850Urt•s
txpended
Gains and
1055eS
Movement
in funds
Unrestricted Yunds
General fund
12.194,715
111,949,080)
150.0001
195,635
TOTAL FUNDS
12.194,715
111.949,0801
150.0001
195,635
Comparatives for movement Sn funds
Net
movement
in funds
At
31.3.21
At 1.4.20
Unrestricted fund$
General fund
Sell Assurance
CLC Assistive Technology
R&R Reserve
1486,9081
99,964
734,664
17,756
131.7091
1518,6171
99,964
734,664
17,756
365.476
131.7091
333.767
Restricted funds
Inlensive Supptsrl
Local Avthorily
Ysgol Street Development
101,863
32,642
32.375
101.863
32,642
32,375
166,880
166,880
TOTAL FUNDS
532.356
131.7091
500.647
Page 18
continued...

Communtty Llves Consortlum
Notes to the Financial Statements . ¢ontinLFed
for the Year Ended 31st Mar¢h 2022
15.
Movement In funds - contlnued
Comparative net movemenl in funds. induded in the above are as follows".
Incoming
iesourcÈs
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
13,175.057
113.122,7661
184,0001
131.7091
TOTAL FUNDS
13.175,057
113.122,7661
{84,0001
131,7091
G8n¢ral funds
Consortiurn.
aré availablg for use al the trustees. discrelion in furtherance ol the objectives of Ihg
Self Assurance- this is a long temi reserve designed io cover the Conlenls Insurance elemenl of setvices
CLC Assistive Technology - this reserve has been creale(l io fund lechnology lo assist service users to be
more indep8ndent.
R&R Reserye - this ￿SerVe ￿lated lo nv)nies set aside to lund major tydical repairs and maintenance within
CLC serwces
Intensive Support Re$er¥e - this reserve has been ￿ated to provide the funding to expand the respite care
service.
Local Authorfty - this reserve has been eXeat￿ to fund the devèlopmènt in partnership wth CCS supported
housing services in Swansea.
Ysgol Street Development - this reserve has been created to fund Ihe support of the effective set up of new
schemes agreed by Swansea.
16.
Employe• benefit obligations
The charitable company operales a defined con¢fibution pension scheme. The pension costs charged for the
period in relation to this scheme amounled lo £283.9)6 {2021'. £321.714).
17.
Related party disclosures
The trustees inclu(Je seNce users and ￿la￿"Ve$ for vthich they receive no special rights or priwlegès.
18.
Membtrs liability
The oharity is a private company limiled by guarantee and consequently does not have share capital. Each of
the members is liable to contribute an amounl not ex(zeding £1 towar¢Js the asseis of the charity in the evenl of
liquidation.
19.
Social houslng penslon scheme
Communily Lives Consortium pathpates in Ihe So¢ial Housing Pension S¢heme Ithe S¢hemel. The Scheme is
funded and is conlracled-oul ol the Slale Pension scheme.
SHPS is a multi-employer defined benelil Scheme. Employer participation in ihe Scheme is subject to adhefence
with Ihe employer responsibilities and obligatiot)s as set oul in the 'SHPS House Policies and Rules Employer
Guide..
An employer can elect lo operate different benefit slructures for Iheir aclive members and their new enlranls. An
employer Can only operate one open defined benefit structure at any one time. An open benefit slruclure is one
which n8w enlranls are able to join.
Community Lives Consortium currently opefates final salary wth a 1160th accrual rate. final salary kmlh a 11701h
accrual rate and fin81 salary with a 1180th accrual rale benefil structure lor a¢live members.
Page 19
continued...

Communlty Llves Consortlum
Notes to the Financial Statements- continued
for the Year Ended 31st March 2022
19.
Soclal housing pension scheme- continued
The Trustee commissions an aclua¥ial valuation of the Scheme every three years. The main purpose of the
valuation is to determine the financial posilion of Ihe Scherne in order lo determine the level ol lulure
conlribulions required, in respect of each benefit slruclure. so that the Scheme can meet ils pension obligalions
as they fall due. From April 2007 the split ol the total contfibution rate belween member and employer is set al
individual employer level. subject to the employer paying no less than 50% of (he total conlribulion rale. From 1
April 2010 the requiremenl for employers io pay at least 50°A of Ihe total contribution rate no ltsnger applies.
The actuarial valuation assesses whether Ihe Scheme's assets al the valuation dale are likely to be sufficient lo
pay the pension benefits accrued by members as al the valualion date. Asset values are calculated by reference
to market levels. Accrued pension benefils are valued by discounting expected future benefit payments using a
discount fate calculated by reference to the ex￿cted future investment returns.
During the accounting period Community Lives Consortium paid contributs.ons at the Tate o17.25Vty lo 11.50/
member contributions varied between 6.75% and 7.9%
The charity made an annual contribulK>n of £177.000 iowards thg past serwce deficit during the year.
In accordance with FRS102 reporting fequirements the Charily is required to disclose cèrtain information
concernin9 assels, liabilities. income and expendiiwe in relation to the pension scheme.
Presentation valuès of Dèfined B8n8fit Obligation. fair value of assets and Defined Benefit Asset Iliabilityl
31 March
31 March
2022
2021
£OOOs
£0005
5,262
5,717
5,721
6,286
14591
15691
Fair value of plan assets
Present value of defined benelil Obligat￿)n
SurplusllDeficill in plan
Unrecogni5ed surplu5
Defined benefit asset Iliabilityl to be re(x)gnised
14591
15691
Reconclllatlon of the Impact of the asset ceiling
31 March 2022
£OOOs
Impacl ol asset ceiling at slarl of year
Effect of the asset ￿lling inclLided in net intwest cost
Actuarial losses Igainsl on asset Gelling
Impact of asset ceiling at end ol p8ritxl
Reconciliation of opening and closing balances of the defined benefit obligation
31 March 2022
£OOOs
6.286
Defined benefit obligalion at siart of ￿￿<￿1
Current seNce cost
Expenses
Interest Expense
Contributions by plan partic¢panls
Actuarial losses Igainsl due to scheme exttrience
Actuarial losses Igainsl due to changes in demographic assumptions
Actuarial losses (gains due to changes in financial assumplions
Benefits paid and expenses
Liabilities acquired in a business combination
Liabilities extinguished on seluements
Losses Igainsl on curtailments
Losses Igainsl due lo benefit changes
Exchange rale differences
Defined benefit obligalwjn at end of period
144
145
193}
12641
15031
5,721
Page 20
continued...

Communlty Llves Con$ortium
Notes to the Financial Ststements- continued
for the Year Ended 31st March 2022
19.
Soelal houslng pension s¢heme- contlnued
Recon¢iliation of opèning and closing balances of the fair value of plan assets
31 March 2022
£OOOs
5,717
133
Fair value of plan assets al start ol perKKI
Interest income
Experience on plan assels lex¢luding amounts induded in inierest in¢ome)-
gain Ilossl
Contributions by the employer
Conlribulions by plan participants
Benefits paid and expenses
Assets acqui￿ in a business combination
Assets distributed on seluements
Exchange rale Changes
Fair value of plan assets al end ol peric*
12621
177
15031
5,262
The actual retum on Ihe plan assets (including any changes in share of assets) over Ihe period ended 31 March
2022 was1£129.0001.
Defined benefit costs recognised in statement of financial a¢¢ivitie5 - Net income and expenditure
31 Mar¢h 2022
£OOOs
Curr8nl service cost
Expenses
Net interest Expense
Losses Igasnsl on business combinaiions
Losses Igairbsl on selllements
Losses Igainsl on curtailments
Losses Igainsl due to benefil Changes
Defined benefit costs recogniseil in statement of financial activities
17
Delined benefit costs recognlsed In statement of financial actlvlues - Actuarial Gainslllossesl
31 March 2022
£OOOs
Experien￿ on plan assets lexduding amounts ir￿a￿led in net inte￿1 cosll-
gain Ilossl
Experience gains and losses arising on the p18n liabililiès- gain (loss}
Effects of changes in the demographic assumptions underlwng the present
valu8 of the defined benefit obligalion gain Ilossl
Effects ol changes in Ihe financial a5svmptions undedying Ihe present value ol
the defined benefit obligaiion- gain Ilossl
Total acluarial gains and losses (before ￿$trictIon du8 lo some ol ihe surplus
not being recongisablel- gain (loss}
Effects ol changes in the arni)unt of SU￿￿5 Ihal is nol recoverable lexcluding
amounts included in net interesl costl- gain (Ios51
Tolal amount recognised in Actuarial gainslllossesl
12621
11451
93
264
1501
{501
Page 21
continued...

Community Llves Consortlum
Notes to the Flnancial Statements- continued
for ¢he Year Ended 31st March 2022
19.
Soclal houslng penslon schemè- continutd
Assets
31 March
2022
£OOOs
1.010
211
188
175
174
31 March
2021
£OOOs
911
316
165
180
215
Global Equity
Absolute Return
Distressed Opportunities
Credit Relative Value
Alternative Risk Premia
Fund ol Hedge Funds
Emerging Mathels Debt
Risk Sharing
Insurance Linked Securiiies
Pioperty
Inlrastruclure
Pfivale Debt
Opportunislic liquid Credil
High Yield
Opportuni$b'¢ Credit
Cash
Corporate Bond Fund
Liquid Cred¢t
Long Lease Property
Secured Income
Liability Driven Inveslmenl
Currency Hedging
Nel Current Assets
Total assets
153
173
123
142
375
135
177
45
19
18
351
231
208
137
119
381
136
145
171
157
338
68
112
238
1.453
135
196
1,468
15
5,262
35
5,717
None of the fair valves of the asseis shown above indude any dI￿¢t investments in the employerfs own financial
Instruments or any property ¢)c¢upied by. or olher assets used by, Ihe eM￿0yer.
Key Assumptions
31 March 2022 31 March 2021
°A per annum
°A per annLtm
Discount rale
Inflation IRPI}
Inflation ICPI}
Salary Growth
2.79
3.26
2.74
2.39
2.99
2.65
2.86
75°/ts 01
maxitnutn
allowance
7510 of maximum
allowance
Allowance lor commulation of pension for cash at retirement
The mortality assumpltons adopted at 31 March 2022 impty the lollowng life expectanci8s'.
Life
expectancy at
age 65
Years
Male retiring in 2022
Female r91iring in 2022
Male retiring In 2042
Female retiring in 2042
21.1
23.7
22.4
25.2
Community Lives Consortium a150 participates in the Pensions Trust's Growth Plan
The Growth Plan is a mulli-employer pension Plan which is in most iespecls a money purchase arrangement bLJt
il has some guaranlees. Contributions paid inio Ihe Growth Plan up lo and including September 2001 were
converted to defined amounts ol pension payable Irom Normal Relirement Dale. From O¢lober 2001
conlributions were invested in personal funds which have a Capital guarantee and which are converted to
pension on retsrement, either within Ihe GrovAh Plan ¢y by the purchase of an annuity.
Page 22
nlinued...

Communlty Lives Consortium
Notes to the Financial Statements continued
lor the Year Ended 31st March 2022
19.
Soelal housing pen$ion s¢heme- contlnu•d
The Plan is lunijed and is not contracted out of the slale scheme. The rules of the Growth Plan 811ow for the
declaration ol bonuses and l or inveslmenl credits il this 15 ￿thIn Ihe financial capacity ol Ihe Plan assess@d on
a prudent basis.
Bonuses l investment credits Èie not guaranteed and are declared at the discietion of the Plan Trustees. The
Trustee comrnissions an actuarial valuatstsn of the Gro￿ Plan every 3 years. The tTrain purpose of the valuation
is lo determine the financial posilion ol the Plan and so determine Ihe future prospects for discretionary bonuses
and l or investment credits. The actuarial valuation assesses whether the Plan's assets al the valuation date are
likely to be sufficient to pay the pension benefits accrued by members as at the valualion date. Asset values are
caleulaled by reference to market levels. Acuued pension benelits are valued by discounting expected lulure
benefit payments using a diswur)I rale calculaled by iefeTence lo the expected future investment returlls.
Community Lives Consorliurn offers the Gro%•Ah Plan as an AVC investmenl optKJn for members ol the Social
Housing Pension Scheme. The mernbers pay ￿n￿b￿￿On$ at a late ol their choicg. The organisalion does not
pay any contributions to the Growth Plan.
Page 23