2022-03-31-accounts - Pembrokeshire Association Of Voluntary Services

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TRUSTEES	CCarter
	JRGossage (resigned		16.2.22)
	EJMuir-Edwards	(resigned 16.2.22)
	HD Murray
	BAPriest
	MLTierney (resigned		16.2.22)
	SWhitbread
	C Crichton (appointed		10.6.21)
	AESangster (appointed			16.2,22)
	CFIncledon (appointed		26.5.22)
	JDM Tucker (appointed			26.5.22)
COMPANY SECRETARY	SJLeonard
REGISTERED OFFICE	36-38High Street
	Haverfordwest
	Pernbrokeshire
	SA61 2DA
REGISTERED COMPANY	03343059(England and Wales)
NUMBER
REGISTERED CHARITY	1063289
NUMBER
AUDITORS	Clay Shaw Butler Limited
	Statutory Auditors	and	Chartered		Accountants
	24 Lammas Street
	Carmarthen
	Carmarthenshire
	SA31 3AL
	Unity Bank
	Unity Trust Bank pic
	4 Brindley Place
	Brimingham
	Bl 2JB
SOLICITORS	Heine &Lewis
	Penffynnon
	Hawthorn Rise
	Haverfordwest
	Pembrokeshire
	SA61 2BQ

						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		6
INCOME AND ENDOWMENTS		FROM
Donations and legacies				32		32	80
Charitable activities
Third Sector Support				214,515	236,501	451,016	684,875
Connected Coinmunities					314,783	314,783	244,791
Policy k.Engagement					243,285	243,285	244,926
Grants for Distribution					895,324	895,324	902,863
Otlier trading activities			3	43,884		43,884	~112209
Total				~258 431	1,689,893	1,948,324	2,189,744
EXPENDITURE ON
Charitable activities
Third Sector Support				170,784	134,901	305,685	584,627
Conntcted Conununities				45,249	227,526	272,775	237,217
Policy dr Engagement				75,533	167,539	243,072	347,195
Grants for Distribution				56&303	726,058	782,361	477,238
				67,000		~67 000	58,000
Total				~414869	1,256,024	1670 893	~1704277
NET INCOME/(EXPENDITURE)				(156,428)	433,869	277,431	485,467
Transfers betweea funds			17	102,300	(102,300)
Other recognised gains/(tosses)
Actuarial gains/(tosses)	on defined	benefit
schemes				268 000		268000	1000
Net movement in funds				213,862	331,569	545,431	484,467
RECONCILIATION	OF FUNDS
Total funds brought forward				(738,393)	747,173	8,780	(475,687)
TOTAL FUNDS CARRIED FORWARD				~524551	1,278,742	554212	87811

				31.3.22	31.3.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	8
FIXEDASSETS
Tangible assets	12	2,481	13,237	15,718	19,899
CURRENT ASSETS
Stocks	13	7		7	387
Debtors	14	14,167	457,503	471,670	678,524
Cash at bank and in hand		~430 864	~729 501	~1,160365	~661936
		445,038	1,187,004	1,632,042	1,340,847
CREDITORS
Amounts falling due within one year	15	(75,050)	(121,499)	(196,549)	(253,966)
NET CURRENT ASSETS		~369988	1,065,505	~1435493	~1086881
TOTAL ASSETSLESSCURRENT
LIABILITIES		372,469	1,078,742	1,451,211	1,106,780
PENSION LIABILITY	18	(897,000)		(897,000)	(1,098,000)
NET ASSETS/(LIABILITIES)		~524,531)	1,078,742	554,211	8,780
FUNDS	17
Unrestricted funds				(524,531)	(738,393)
Restricted funds				1,078,742	~747 173
TOTAL FUNDS				~554 211	~8780

				31.3,22	31.3.21
			Notes
Cash flows from operating activities Cash generated from operations				507,082	~242 378
Net cash provided by operating activities				507,082	242 378
Cash flows from investing	activities
Purchase oftangible fixed	assets			8 653	29 849
Net cash used in investing	activities			8653	29849
Change in cash and cash the reporting period	equivalents	in		498,429	212,529
Cash and cash equivalents beginning ofthe reporting	at the period			~661936	~449407
Cash and cash equivalents the reporting period	at the end	of		~1160365	~661 936

RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING
ACTIVITIES
				31.3.22	31.3.21
					f,
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				277,431	485,467
Adjustments for: Depreciation charges				12,834	9,950
Decrease/(increase)	in	stocks		380	(146)
Decrease/(increase)	in	debtors		206,854	(488,161)
(Decrease)/increase Difference between	in creditors pension charge and cash contributions			(57,417) ~67 000	177,268 58,000
Net cash provided	by	operations		~507 082	242 378
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank and in	hand		661,936	~498 429	~1,160365
			661,936	498,429	~1160365
Total			~661 936	~498 429	1 160,365

2.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
					31.3.22	31.3.21
	Donations				32	80
3.	OTHER TRADING ACTIVITIES
					31.3.22	31.3.21
	Membership income Service contracts and training				3,955 18,225	4,065 86,954
	Premises room hire				18,985	9,691
	Salary related payments				2,719	11,499
					43,884	112,209
	INCOME FROM CHARITABLE ACTIVITIES
					31.3.22	31.3.21
			Activity
	Grants		Third Sector Support		366)844	626,819
	SLA income		Third Sector Support		84,172	58,056
	Grants		Connected	Communities	148,799	87,005
	SLA income		Connected	Communities	165,984	157,786
	Grants		Policy &Engagement		31,479
	SLA income		Policy &Engagement		211,806	244,926
	Grants		Grants for	Distribution	4,418
	Grants for distribution		Grants for	Distribution	890,906	902,863
					1,904,408	2,077,455
	Grants received, included	in the	above, are	as follows:
					31.3.22	31.3.21 I
	Core support (PCC)				16,245	16,244
	Core Support (WCVA)				169,854	292,599
	Catalysts for Care (LEADER)				25,676	70,607
	Community Connectors (PCC/HDUHB)				63,000	63,000
	Volunteering for Pembrokeshire		(WG)			242,020
	Natural Resources Wales					4,349
	Community Connectors Digital		Equipment	(WWCP/PCC)	8,500	24,005
	Volunteering Awards (South Hook LNG)				2,653	1,000
	Winter Pressures (WCVA)				29,500
	Conununity Volunteering	Development Officer Funding (WG)			11,500
	Social Care Worker Scheme (WG)				6,256
	Connect Platform (PCC)				11,729
	North Cluster Dementia	Support (HDUHB)			2,500
	Above and Beyond Awards (WWCP/PCC)				6,000
	UK Conununity Renewal	Fund	(UK Government)		166,062
	Carried forward				519,475	713,824

INCOME FROM CHARITABLE ACTIVITIES -continued	INCOME FROM CHARITABLE ACTIVITIES -continued
		31.3.22	31.3.21
Brought forward		519,475	713,824
Enhancing Pembrokeshire Grant (PCC)		32,065
		551,540	713,824
Grants/funds for distribution:
		2022	2021
			6
Caring Communities Innovation Grants (ICF)		25,000	45,000
Small Grants for Carer Support Groups (PCC)		15,750	15,750
Community Fund (Bluestone Foundation)		1,216	9,000
Regional Carers Support Innovation Fund (WWCP/PCC)		77,868	145,000
PIVOT Service (ICF)		194,180	234,825
PIVOT Home From Hospital (HDUHB)		20,000	20,000
GwirVo1 Youth Led Grants (WCVA)		6,650	6,650
Regional LD Innovation Fund (WWCP/PCC)		100,000	145,000
Outdoor Connections Capital Grant (PCC)		40,000
Loneliness and Isolation Grant (WG)		22,727
Winter Pressures Grant Funding (WCVA)		34,000
UK Community Renewal Fund (UK Government)		341,315
Saundersfoot Participatory Budget (WG/Community	Council/Spar)	12,200
Dementia Grants UCF)			9,000
Local Action Hubs (WWCP)			20,000
Comic Relief			26,591
VSEFGrant Funding (WCVA)			48,420
Little Green Grant (PCNPA)			4,500
Hubberston &Hakin Invest Local (National Lottery/BCT)			173,127
		890,906	902,863

5.	CHARITABLE ACTIVITIES CO	STS
			Grant
			funding of
			activities	Support
		Direct	(see note	costs (see
		Costs I	6)	note 7)	TotalsI
	Third Sector Support	208,081	40,688	56,916	305,685
	Connected Communities	220,026		52,749	272,775
	Policy &Engagement Grants for Distribution	189,857 30,326	~692905	53,215 ~59 130	243,072 ~782 361
		~648290	~733 593	~222 010	~1603 893
6.	GRANTS PAYABLE
				31.3.22	31.3.21 I
	Third Sector Support			40,688	106,521
	Grants for Distribution			692,905	476,741
				~733 593	583,262

SUPPORT COSTS
		Governance
	Management	costs	Totals
Third Sector Support	46,765	10,151	56,916
Connected Communities	42,874	9,875	52,749
Policy &Engagement	45,025	8,190	53,215
Grants for Distribution	59,130		59,130
	193,793	~28 217	222,010

			31.3.22	31.3.21
			I,
Auditors'	remuneration		9,601	9,600
Depreciation		-owned assets	~12 834	9,950

		31.3.22	31.3.21
Wages	and salaries	526,185	567,837
Social	security costs	46,882	47,560
Other	pension costs	~62 904	61,206
		~635 971	676,603

The average monthly number ofemployees during the	year was as follows:
	31.3.22	31.3.21
Third Sector Support	8	7
Policy &Engagement	4	7
Connected Communities	6	5
Business Services	4	5
	22	24

COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		I		I
INCOME AND ENDOWMENTS FROM
Donations and legacies		80		80
Charitable activities
Third Sector Support		326,379	358,496	684,875
Connected Communities			244,791	244,791
Policy &Engageinent			244,926	244,926
Grants for Distribution			902,863	902,863
Other trading activities		112,209		~112209
Total		438,668	~1,751076	~2,189744
EXPENDITURE ON
Charitable activities
Third Sector Support		217,301	367,326	584,627
Connected Communities		35,345	201,872	237,217
Policy &Engagement Grants for Distribution		81,132	266,063 477,238	347,195 477,238
		58,000		58,000
Total		391,778	~1312,499	~1,704 277
NET INCOME		46,890	438,577	485,467
Transfers between funds		19,988	(19,988)
Other recognised gains/Gasses)
Actuarial gains/(losses) schemes	on defined benefit	~l,ooo		~looo
Net movement in funds		65,878	418,589	484,467
RECONCILIATION	OF FUNDS
Total funds brought forward		(804,271)	328,584	(475,687)
TOTAL FUNDS CARRIED FORWARD		~738~393	747,173	~8780

12.	TANGIBLE FIXEDASSETS
		Fixtures
		and	Computer
		fittings	equipment	Totals
			g	g
	COST
	At 1 April 2021 Additions	28,074	33,393 ~8653	61,467 8,653
	At 31March 2022	28,074	42,046	70,120
	DEPRECIATION
	At 1 April 2021	28,074	13,494	41,568
	Charge for year		12,834	12,834
	At 31March 2022	28,074	26,328	54,402
	NET BOOKVALUE
	At 31March 2022		15718	15,718
	At 31March 2021		19,899	19899
13.	STOCKS
			31.3.22	31.3.21
				6
	Stocks		7	387
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.22	31.3.21
	Trade debtors		134,735	155,905
	Grant debtor		322,946	514,612
	Accrued income			1,181
	Prepayments		13,989	6,826
			~471 670	678,524

CREDITORS: AMOUNTS FALLING DUE WI	THIN ONE YEAR
	31.3.22	31.3.21
	I
Trade creditors	18,026	135,832
Other creditors	1,689
Deferred income	55,700	37,500
Accrued expenses	121,134	80,634
	~196 549	253,966

Minimum lease payments under non-cancellable operati	ng leases fall due as follows:
	31.3.22	31.3.21
Within one year	35,413	35,413
Between one and five years	139,079	140,949
In more than five years	~11 337	45,347
	185,829	~221 709

				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund			335,982	(88,568)	102,300	349,714
Designated fund - Regional Entity		fund	18,125	(870)		17,255
Designated fund - Children &Families
fund			5,500			5,500
Defined benefit pension			(1,098,000)	201,000		(897,000)
			(738,393)	111,562	102,300	(524,531)
Restricted funds
Other Project Funds			6,875	1,759		8,634
Catalysts for Care			15,914	1,794	(4,417)	13,291
Conununity Connectors			8,524	53,200	(18,828)	42,896
Health and Well-being Facilitator			5,906	3,090	(4,636)	4,360
Timebanking			15,741	24,986	(3,318)	37,409
Children di Families Connector			8,107	4,235	(5,857)	6,485
Invest Local Hubberston	&Hakin		167,454	(64,003)	(19,333)	84,118
Corrununity Volunteering	Development
Officer			1,526	2,460	(3,986)
Connector+			3,066	636	(650)	3,052
Dementia Supportive Communities			8,510	31,551	(4,357)	35,704
PIVOT Preventions			86,337	25,969	(19,432)	92,874
Regional Carers Support	Innovation	Fund	150,284	(71,079)	(24,787)	54,418
GwirVol Youth Led Grant				310	(310)
Local Action Hub s			4,843	(2,828)	(125)	1,890
Bluestone Foundation Community		Fund		1,216		1,216
Hubberston &Hakin Development		Officer		(14,090)	14,090
Regional LD Innovation	Fund		145,000	10,410	(14,500)	140,910
Digicoach (Healthier Pembrokeshire)			10,921	2,538		13,459
Connect IT			5,557	(3,096)		2,461
Supporting Community Action Fund			31,120	(16,542)	(2,141)	12,437
Investors in Carers promotion			6,534			6,534
Community Connectors	-Digital
Connections			18,929			18,929
Volunteering for Pembrokeshire			28,248	(5,760)		22,488
Capital expenditure			17,777	(11,063)	6,523	13,237
Employee Volunteering	Development
Officer				(1,045)	1,045
Enhancing Pembrokeshire	Grant-
Community Hub				7,492	16,504	23,996
UK Community Renewal Fund Outdoor Connections Fund				458,161 ~6,432)	(20,217) 6,432	437,944
			747,173	433,869	~102,300	1~078742
TOTAL FUNDS			8,780	545,431		554,211

			Incoming	Resources	Gains and	Movement
			resources	expended	losses I	in funds
Unrestricted funds
General fund			258,425	(346,993)		(88,568)
Designated fund - Regional Entity Defined benefit pension		fund		(870) ~67,000	~268 000	(870) 201,000
			258,425	(414,863)	268,000	111,562
Restricted funds
Other Project Funds			14,152	(12,393)		1,759
Catalysts for Care			70,102	(68,308)		1,794
Community Connectors Health and Well-being Facilitator			233,044 37,000	(179,844) (33,910)		53,200 3,090
Tirnebanking			76,274	(51,288)		24,986
Children &Families Connector			36,550	(32,315)		4,235
Invest Local Hubberston	&Hskin		1	(64,004)		(64,003)
Community Volunteering	Development
Officer			25,768	(23,308)		2,460
Connector+			2,914	(2,278)		636
Dementia Supportive Communities			67,500	(35,949)		31,551
PIVOT Preventions			214,180	(188,211)		25,969
Regional Carers Support	Innovation	Fund	77,868	(148,947)		(71,079)
GwirVol Youth Led Grant			6,650	(6,340)		310
Local Action Hubs				(2,828)		(2,828)
Bluestone Foundation Community		Fund	1,216			1&216
Hubberston &Hakin Developmeat		Officer		(14,090)		(14,090)
Regional LD Innovation	Fund		100,000	(89,590)		10,410
Carers Online Portal			1,800	(1,800)
Digicoach (Healthier Pembrokeshire)			8,500	(5,962)		2,538
Connect IT			940	(4,036)		(3,096)
Supporting Community Action Fund			97,477	(114,019)		(16,542)
Volunteering for Pembrokeshire				(5,760)		(5,760)
Capital expenditure				(11,063)		(11,063)
Employee Volunteering	Development
Oificer			10,001	(11,046)		(1,045)
Enhancing Pernbrokeshire	Grant-
Connnunity Hub			38,385	(30,893)		7,492
UKCommunity Renewal	Fund		507,377	(49,216)		458,161
HomeShare UKpilot Fund			10,000	(10,000)
Outdoor Connections Fund Saundersfoot Participatory budget			40,000 12,200	(46,432) ~32,200		(6,432)
			1,689,899	1 256 030		~433 869
TOTAL FUNDS			1,948,324	~3,670893	268000	343,431

Comparatives for movement	Comparatives for movement	in	funds	funds
						Net	Transfers
						movement	between	At
					At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund					209,229	106,765	19,988	335,982
Designated fund —Regional Entity				fund	20,000	(1,875)		18,125
Designated fund - Children &Families
fund					5,500			5,500
Defined benefit pension					(1~039 000	59,000		(1,098,000)
					(804,271)	45,890	19,988	(738,393)
Restricted funds
Other Project Funds					7,001	(126)		6,875
Catalysts for Care					28,715	(17,186)	4,385	15,914
Community Connectors					2,863	5,661		8,524
Health and Well-being Facilitator					7,531	(1,625)		5,906
Timebanking					34,853	(18,052)	(1,060)	15,741
Children &Families Connector					9,291	(1,184)		8,107
Invest Local Hubberston	&Hakin				100,780	90,396	(23,722)	167,454
Community Volunteering	Development
Officer					1,680	(154)		1,526
Connector+						3,066		3,066
Dementia Supportive Communities					11,852	(3,342)		8,510
Caring Communities Innovation			Grant		2,124		(2,124)
PIVOT Preventions					49,689	45,648	(9,000)	86,337
Dementia Grants					6,443		(6,443)
Regional Carers Support	Innovation			Fund	50,000	102,784	(2,500)	150,284
GwirVol Youth Led Grant						310	(310)
Local Acfion Hubs					4,843			4,843
Direct Payments					4,385		(4,385)
Investors in Carers					6,534		(6,534)
Hubberston &Hakin Development				Officer		(19,610)	19,610
Little Green Grant (PCNPA)						6	(6)
Regional LD Innovation	Fund					145,000		145,000
Welsh Government Volunteering			Fund			28,248	(28,248)
Digicoach (Healthier Pembrokcshire)						10,921		10,921
Connect IT						35,223	(29,666)	5,557
Supporting Community Action Investors in Carers promotion		Fund				41,482	(10,362) 6,534	31,120 6,534
Conununity Connectors	- Digital
Connections							18,929	18,929
Volunteering for Pembrokeshire Capital expenditure						~8889)	28,248 26,666	28,248 ~17 777
					328,584	438,577	19988	747,173
TOTAL FUNDS					475,68	~484 467		8,780

Comparative net moveme	nt in fun	d	s, included	in the above are	as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses f	in funds f,
Unrestricted funds
General fund				438,668	(331,903)		106,765
Designated fund - Regional Entity Defined benefit pension			fund		(1,875) ~58,000	~1898	(1,875) ~59,000)
				438,668	(391,778)	(1,000)	45,890
Restricted funds
Other Project Funds				1,005	(1,131)		(126)
Catalysts for Care Conununity Connectors				82,881 180,785	(100,067) (175,124)		(17,186) 5,661
Health and Well-being Facilitator				36,999	(38,624)		(1,625)
Tiinebanking				49,489	(67,541)		(18,052)
Children &Families Connector				36,549	(37,733)		(1,184)
Invest Local Hubberston	&Hakin			173,127	(82,731)		90,396
Community Volunteering Officer	Development			32,594	(32,748)		(154)
Connector+				22,627	(19,561)		3,066
Dementia Supporlive Communities				35,001	(38343)		(3,342)
PIVOT Preventions				254,825	(209,177)		45,648
Regional Carers Support Innovation GwirVol Youth Led Grant			Fund	145,000 6,650	(42,216) (6,340)		102,784 310
Direct Payments				22,151	(22,151)
IIIuestone Foundation Community			Fund	9,000	(9,000)
Hubberston &Hakin Development			Oflicer	(1)	(19,609)		(19,610)
Little Green Grant (PCNPA)				4,500	(4,494)		6
Regional LD Innovation	Fund			145,000			145,000
Welsh Government Volunteering		Fund		242,019	(213,771)		28,248
Connect Pembrokeshire	Promotion			42,110	(42,110)
Digicoach (Healthier Pembrokeshire)				21,925	(11,004)		10,921
Connect IT				39,999	(4,776)		35,223
Community Connectors	Digital			2,080	(2,080)
Supporting Community Capital expenditure	Action Fund			164,761	(123,279) ~8889		41,482 ~8,889
				I 751076	~1312499		438 577
TOTAL FUNDS				~2,189744	1,704,277

RESERVES	2021	Movement	2022
Restricted funds	747,173	331,569	1,078,742
General fund	335,982	13,732	349,714
Designated funds (Regional Entity and Children &Families)	23,625	~870)	22 755
Total reserves before pension deficit	1,106,780	344,431	1,451,2I1
Defined benefit pension fund	1,098,000	201,000	~887 000)
Total reserves	8 780	545,451	554 211

fund as acontribution to	wards ov	er	head	costs:
						I
Catalyst for Care						4,417
Community Connectors						12,305
Health and Well-being Facilitator						4,636
Timebanking						3,318
Children &Families Connector						5,857
Invest Local Hubberston	&Hakin					3,200
Community Volunteering Connector+	Development			Officer		4,111 650
Dementia Supportive Communities						4,357
PIVOT Preventions						9,000
Regional Carers Support	Innovation		Fund			24,787
GwriVol Youth Led Grant						310
Hubberston &Hakin Development			Officer			2,043
Regional LD Innovation	Fund					14,500
Supporting Community Action Fund						2,141
Employee Volunteering	Development			Oificer		1,662
Enhancing Pembmkeshire	Grant	—Community			Hub	2,522
UK Community Renewal	Fund					1,192
Outdoor Connections						4000
Ttl						400 004

The inain assumptions used in the actuarial valuations	are as follows:
	2022	2021
Rate ofCPI inflation	3.30%	2.70%
Rate ofincrease in salaries	4.80%	4.20%
Rate ofincrease in pensions	3.40%	2.80%
Discount rate	2.80%	2.10%

The major ca	tegories ofscheme assets ar	e as follows:
		2022	2022	2021	2021
				6
Equities		2,486,000	72.3%	2,389,000	74.0%
Government	bonds	45,000	1.3%		0.0%
Other bonds		272,000	7.9%	375,000	11.6%
Property Cash/liquidity Other		450,000 58,000 127 000	13.1% 1.7% 3.7%	358,000 39,000 ~68 000	11.1% 1.2% 2 1%
		3438 ODO		~3229,000

The movement in deficit during the year is as follows:
	2022	2021
Total present value ofbenefit obligations Fair value ofplan assets	4,335,000 ~34311000	4,327,000 ~3229 OOD
Deficit	897 DOO	I 098.000

EMPLOYEE BENEFIT OBLI	EMPLOYEE BENEFIT OBLI	GATIONS - continued
The change in benefit obligation		during period the year is as follows:
			2022	2021
			I
Benefit obligation at the	beginning ofthe year		4,327,000	3,620,000
Current service costs			93,000	78,000
Interest on pension liabilities			89,000	86,000
Members contributions			14,000	13,000
Past service costs (gain)
Actuarial (gains)/losses	on liabilities		(106,000)	624,000
Curtailments
Settlements
Benefits/transfers paid			(82,000)	(94,000)
Business combinations
Benefit obligation at end ofperiod			4333,000	4,327,000
The change in the plan assets during the year is as follows:
			2022	2021
Fair value ofplan assets	at the beginning of the year		3,229,000	2,581,000
Interest on plan assets			68,000	62,000
Actuarial gains/(losses)	on assets		162,000	623,000
Administration expenses			(1,000)	(1,000)
Business combinations
Settlements
Employer contributions			48,000	45,000
Member contributions Benefits/transfers paid			14,000 13,000 ~82,000)~94,000
Fair value ofplan assets	at end ofperiod		3,438,000	3 229000
Actual Return on plan assets = 6230,000.
Experience loss - pension increases = 612,000.

Analysis ofamounts recognised in the Statement ofFi	nancial Activities:
	2022	2021
Current service costs	93,000	78,000
Past service costs
Administration expenses Net finance (interest)/costs	1,000 ~21000	1,000 24,000
	U3 000	103,000
Total costs recognised in SOFA

Statement	ofactuarial	gains	and losses:
				2022	2021
Actuarial	gains/(losses)	on	liabilities	106,000	(624,000)
Actuarial	gains/(losses)	on	assets	162000	623 000
Total actuarial gain/(losses)			on defined benefit scheme	268 OQQ	c,MAi

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