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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity,|its Trustees and Advisers|1-2|
|Trustees'<br>Report||||3-15|
|Independent|Auditors'<br>Report|on the Financial Statements||16 - 19|
|Consolidated|Statement of Financial Activities|||20|
|Consolidated|Balance Sheet|||21 - 22|
|Charity Balance Sheet||||23-24|
|Consolidated|Statement ofCash Flows|||25|
|Notes to the|Financial Statements|||26 - 52|





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||2022|2021|2020|2019|2018|
|---|---|---|---|---|---|
|MOVEMENT IN FUNDS FOR THE YEAR|f|f|E|f||
|Total income resouces|2,988,885|2,085,666|2,794,297|2,804,843|2,188,386|
|Total self generated<br>income|1,140,436|351,463|1&429&860|1&279&361|1,195,208|
|Total operating<br>expenditure|2,653,493|1,911,096|2,482&560|2,828,743|2,525,496|
|SURPLUS / (DEFICIT) IN FUNDS|784,627|720,734|75,928|356,823|297,412|
|BALANCE SHEETTOTAL|13,870,248|1S,105,621|12,S84,887|12,S08,959|11,952,136|
|Total visitor numbers "|69,909|15,615|103,136|86,322|78,399|
|Total website numbers|196,161|128,240|176,354|154,987|193,385|
|Average staff numbers|68|69|86|75|74|



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||||Unrestricted|Restricted|Endowment|Total|To/a/|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2022|2022|2022|2022|202/|
|||Note|6||6|E|5|
|Income and endowments||||||||
|from:||||||||
|Donations<br>and legacies|||370,536|11,508|1,515|383,559|443,442|
|Charitable<br>activities|||864,305|393,971||1,258,276|779,673|
|Other trading<br>activities|||1,139,868|568||1,140,436|351,463|
|Investments|||||150,784|150,784|/42, 453|
|Other income|||55,830|||55,830|368,635|
|Total income and||||||||
|endowments|||2,430,539|406,047|152,299|2,988,885|2085,666|
|Expenditure<br>on:||||||||
|Raising funds||10|835,824|||835,824|601,389|
|Charitable<br>activities|||1,235,336|582,318|15|1,817,669|1,309,707|
|Total expenditure|||2,071,160|582,318|15|2,653,493|1,9'/1, 096|
|Net gains on investments|||||449,235|449,235|206,164|
|Net income/(expenditure)|||359,379|(176,271)|601,519|784,627|380,734|
|Transfers<br>between<br>funds||21|150,784||(150,784)|||
|Net movement<br>in funds||||||||
|before other recognised<br>gains/(losses)|||510,163|(176,271)|450,735|784,627|380,734|
|Other recognised||||||||
|gains/(losses):||||||||
|Actuarial<br>(losses)/gains|on|||||||
|defined<br>benefit pension||||||||
|schemes||27|(20,000)|||(20,000)|340,000|
|Net movement<br>in funds|||490,163|(176,271)|450,735|764,627|720,734|
|Reconciliation<br>offunds:||||||||
|Total funds brought<br>forward|||6,863,621|2,586,693|3,655,307|13,105,621|12,384,887|
|Net movement<br>in funds|||490,163|(176,271)|450,735|764,627|720,734|
|Total funds carried<br>forward|||7,353,784|2,410,422|4,106,042|13,870,248|13,105,621|





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||||CONSOLIDATED|CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|---|---|
|||||AS AT 31|MARCH 2022|||
|||||Note|2022<br>E||2021f|
|Fixed assets||||||||
|Tangible assets||||15|78,310||98,396|
|Heritage assets||||16|8,803,229||8,785,229|
|Investments||||17|4,083,800||3,634,566|
||||||12,965,339||12,518,191|
|Current assets||||||||
|Stocks||||16|33,617|34,892||
|Debtors||||19|235,556|460,317||
|Cash at bank and|in hand||||945,238|328,104||
||||||1,214,411|823,313||
|Creditors: amounts|falling due within||one|||||
|year||||20|(309,502)|(265,683)||
|Net current assets|||||904,909||537,430|
|Total assets less|current liabilities||||13,870,248||13,055,621|
|Net assets excluding||pension asset|||13,870,248||13,055,621|
|Defined benefit pension||scheme asset||27|||50,000|
|Total net assets|||||13,870,248||13,105,621|





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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Note||8||6|
|Charity funds|||||||||
|Endowment|funds|||21||4,106,042||3,655,307|
|Restricted|funds|||21||2,410,422||2,586,693|
|Unrestricted|funds||||||||
|Unrestricted|funds|excluding|pension asset I||||||
|liability||||21|7,353,784||6,813,621||
|Pension reserve||||21|||50,000||
|Total unrestricted||funds||21||7,353,784||6,863,621|
|Total funds||||||13,870,248||13,105,621|





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||||CHARITY BALANCE SHEET|CHARITY BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 31|MARCH 2022|||
|||||2022||2021|
||||Note|6|||
|Fixed assets|||||||
|Tangible assets|||15|78,310||98,396|
|Heritage assets|||16|8,803,229||8,785,229|
|Investments|||17|4,083,810||3,634,576|
|||||12,965,349||12518,201|
|Current assets|||||||
|Debtors|||19|473,082|566,357||
|Cash at bank and|in hand|||668,686|300,954||
|||||1,141,768|867,311||
|Creditors: amounts|falling due within one||||||
|year|||20|(248,657)|(275,051)||
|Net current assets||||893,111||592,260|
|Total assets less|current liabilities|||13,858,460||13,110,461|
|Net assets excluding||pension asset||13,858,460||13,110,461|
|Defined benefit pension||scheme asset|27|||50,000|
|Total net assets||||13,858,460||13,160,461|





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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Charity funds|||||||||
|Endowment|funds|||21||4,106,042||3,655,307|
|Restricted|funds|||21||2,410,422||2586,693|
|Unrestricted|funds||||||||
|Unrestricted|funds|including|pension asset|21|7,341,996||6,918,461||
|Total unrestricted||funds||21||7,341,996||6,918,461|
|Total funds||||||13,888,460||13,160,461|





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|||||2022|2021f|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash used<br>in operating|activities|||482,850|(12,715)|
|Cash flows from investing|activities|||||
|Sales and purchases<br>of listed investments|||||30,000|
|Purchase<br>of heritage assets||||(18,000)|(18,596)|
|Net cash (used in)/provided|by investing||activities|(18,000)|11,404|
|Cash flows from financing|activities|||||
|Endowment<br>income||||152,299|144,303|
|Endowment<br>expenditure||||(15)|(15)|
|Net cash provided<br>by financing<br>activities||||152,284|144,288|
|Change<br>in cash and cash|equivalents|in|the year|617,134|142,977|
|Cash and cash equivalents|at the beginning||ofthe year|328,104|185,127|
|Cash and cash equivalents|at the end|of|the year|945,238|328,104|





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|Fixtures and fittings|5%-25% orl cost|
|---|---|
|Office equipment|25% on cost|
|Computer<br>equipment|25% on cost|
|Other fixed assets|25%on cost|



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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
|||||2022|2022|2022|2022|2021|
|||||E|E|E|E|E|
|Friends of|the|Bowes Museum|||8,289||8,289|10,000|
|Donations||||26,536|3,219|1,515|31,270|19,315|
|Additional|support||from DCC|||||170,000|
|Core funding||from|DCC|344,000|||344,000|244, 127|
|||||370,536|11,508|1,515|383,559|443,442|
|Total 2021||||424,732|16,860|1,850|443,442||



## 

|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||E|E|E||
|Grants - see note 9||863,487|393,971|1,257,458|779,475|
|Education|income|818||818|198|
|Total 2022||864,305|393,971|1,258,276|779,673|
|Total 2021||474,773|304,900|779,673||





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
|||||6|6|6||
||Entrance income|||379,706||379,706|125,554|
||Gift aid rebate|||60,987||60,987|27,789|
||Sundry income|||39,802|568|40,370|11,789|
||Exhibitions|tax relief||31,744||31,744||
||Trading<br>company||income|627,629||627,629|186,331|
||Total 2022|||1,139,868|568|1,140,436|351,463|
||Total 2021|||348,384|3,079|351,463||
|7.|Investment|income||||||



|||||Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2021|
|||||6|6||
|Dividends|receivable|on endowment|funds|150,784|150,784|142,453|
|Total 2021||||142,453|142,453||



## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||6|6|5|
|Coronavirus|job retention|scheme|55,830|55,830|368,635|
|Total 2021|||368,635|368,635||





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|nalysis|ofgran|ts||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||2|6|
|Arts Council England||||374,575|374,575|
|Culture|Recovery|Fund||704,161||
|Durham|County|Council|||111,981|
|Durham|County Council - Resilience||Fund|62,213|91,846|
|NLHF Emergency||Fund|||103,300|
|Hentage|Lottery Fund||||55,809|
|Other||||116,509|41,964|
|||||1,257,458|779,475|



## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|Admissions||272,735|272,735|244,683|
|Total 2021||244,683|244,683||
|Trading|expenses||||
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2022|2022f|2021f|
|Trading|company|563,089|563,089|356,706|
|Total 2021||356,706|356,706||





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|||Support|||
|---|---|---|---|---|
||Direct costs|costs|Total|Total|
||2022<br>6|2022<br>8|2022f|2021<br>5|
|Exhibitions|288,617|653,638|942,255|489,529|
|Education|59,709|180,240|239,949|127,382|
|Collections|226,962|438,503|665,465|692 796|
|Total 2022|575,288|1,272,381|1,847,669|1,309,707|
|Total 2021|474,136|835,571|1,309,707||



## 

||Total|Total|
|---|---|---|
||2022|2021|
||6||
|Staff costs|398,399|336,942|
|Rates and water|20,965|17,516|
|Postage and stationery|14,892|440|
|Sundries|3,537|464|
|Staff services|77,076|16,069|
|Public programme|56,894|80,304|
|Conservation|3,525|22,401|
|Total 2022|575,288|474,136|





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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6||
|Pension finance costs|||||30,000|10,000|
|Staff costs|||||348,448|348,542|
|Depreciation|||||20,086|28,892|
|Postage and|stationery||||64,386|49,444|
|Sundries|||||27,197|11,803|
|Insurance|||||61,326|58,926|
|Light and heat|||||76,525|51,365|
|Telephone|||||10,068|11,532|
|Advertising|||||225,283|27,728|
|Repairs and|renewals||||249,586|117,247|
|Bank charges|||||4,512|7,704|
|Auditors'<br>remuneration|||||15,000|14,744|
|Legal and professional||fees|||136,864|95,255|
|Bad debts|||||3,100|2379|
|Total 2022|||||1,272,381|835,571|
|Governance|costs included||above amount|to F151,864 (2021:6110,009).|||



## 

|Net inco|me/expenditure||||
|---|---|---|---|---|
||||2022|2021|
||||6|5|
|Depreciation<br>oftangible||fixed assets:|||
||- owned<br>by the|Charity|20,086|28,892|
|Auditors'|remuneration|-audit|||
||- Charity||15,000|14,744|
||- Subsidiary||6,770|5,970|
|Auditors'|remuneration|- other services to the group||7,337|





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|Staff costs|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2022|2021|2022|2021|
||E||E|E|
|Wages and salaries|1,179,761|1,048,364|905,778|817,180|
|Social security costs|74,034|66,124|59,675|56,684|
|Pension costs|31,442|32,185|24,129|26,303|
|Other pension costs (note 26)|30,000|30,000|30,000|30,000|
||1,315,237|f,f76,673|1,019,582|930,167|



||Group|Group|
|---|---|---|
||2022|2021|
||No.|No.|
|Charity|45|46|
|Subsidiary|23|23|
||68|69|



|Group|Group|
|---|---|
|2022|2021|
|No.|No.|



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|Tangible fixed assets||||||
|---|---|---|---|---|---|
|Group and Charity||||||
||Fixtures and|Office|Computer|Other fixed||
||fittings|equipment|equipment|assets|Total|
||6|6||f.|6|
|Cost or valuation||||||
|At 1 April 2021|1,319,009|19,159|118,725|180,099|1,636,992|
|At 31 March 2022|1,319,009|19,159|118,725|180,099|1,636,992|
|Depreciation||||||
|At 1 April 2021|1,222,323|19,159|117,695|179,419|1,538,596|
|Charge for the year|18,545||1,030|511|20,086|
|At 31 March 2022|1,240,868|19,159|118,725|179,930|1,558,682|
|Net book value||||||
|At 31 March 2022|78,141|||169|78,310|
|At 31March 2021|96,686||1,030|680|98,396|





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||Listed|
|---|---|
||investments|
|Group|6|
|Cost or valuation||
|At 1 April 2021|3,634,566|
|Revaluations|449,234|
|At 31 March 2022|4,083,800|
|Net book value||
|At 31 March 2022|4,083,800|
|At 31March 2021|3,634,566|





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|||Investments|||
|---|---|---|---|---|
|||in|||
|||subsidiary|Listed||
|||companies|investments|Total|
|Charity||E|f.|6|
|Cost or valuation|||||
|At 1 April 2021||10|3,634,566|3,634,576|
|Revaluations|||449,234|449,234|
|At 31 March 2022||10|4,083,800|4,083,810|
|Net book value|||||
|At 31 March 2022||10|4,083,800|4,083,810|
|At 31March 2021||10|3,634,566|3,634,576|
|The listed investments|relate to the following:||||



## 

|Name||Company|Income|Expenditure|Profit/(Loss)|Net|Holding|
|---|---|---|---|---|---|---|---|
|||number|E|E|for the year|assets||
||||||E|||
|The Bowes|Museum|06864117|627,629|(574,526)|53,103|10|100%|
|(Enterprises)|Limited|||||||





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|Group|Group|
|---|---|
|2022|2021|
|E||
|33,617|34,892|



|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022<br>F|2021f|2022<br>E|2021f|
|Due within one year||||||
|Trade debtors||25,142|9,600|20,040|9,448|
|Amounts<br>owed by group undertakings||||243,784|121,599|
|Other debtors||34,679|31,201|34,679|28,701|
|Prepayments|and accrued income|175,735|419,516|174,579|406,609|
|||235,556|460,317|473,082|566,357|



## 

||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022|2021f|2022<br>E|2021f|
|Trade creditors|||||||211,171|147,829|169,396|144,654|
|Other taxation and|||social||security||35,732||23,958||
|Other creditors|||||||208|3,125|208|3,125|
|Accruals|and deferred|||income|||62,391|134,929|55,095|127,272|
||||||||309,502|285,883|248,657|275,051|
||||||||Group|Group|Charity|Charity|
||||||||2022<br>E|2021f|2022<br>E|2021f|
|Deferred|Income||||||||||
|Deferred|income at||1|April|||22,314|107,885|21,801|107,372|
|Resources deferred|||during||the year||5,859|21,801|5,346|21,801|
|Amounts|released|from previous||||periods|(22,314)|(107,372)|(21,801)|(107,372)|
|Deferred|income at 31 March||||||5,859|22314|5,346|21,801|





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|Statement|offund|s<br>-cur|rent year||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||Balance at|
||||1 April|||Transfers|Gains/|31 March|
||||2021<br>E|Income<br>6|Expenditure<br>f|in/out<br>6|(Losses)<br>5|2022<br>6|
|Unrestricted|funds||||||||
|General|||6,813,621|2,430,539|(2,041,160)|150,784|-|7,353,784|
|Pension reserve|||50,000|-|(30,000)|-|(20,000)||
||||6,863,621|2,430,539|(2,071,160)|150,784|(20,000)|7,353,784|
|Endowment|funds||||||||
|John 5Josephine||Bowes|1,456,583|44,162||(44,162)|127,922|1,584,505|
|Catalyst Endowment|||2,198,724|108,137|(15)|(106,622)|321,313|2,521,537|
||||3,655,307|152,299|(15)|(150,784)|449,235|4,106,042|
|Restricted funds|||||||||
|Acquisitions|&||||||||
|Conservation|||2,354,913|46,952|(152,109)|||2,249,756|
|Education|||128,690|350,806|(336,480)|||143,016|
|Capital Improvement|||83,330||(80,524)|||2,806|
|Skills for the|Future||19,760||(4,916)|||14,844|
|Friends of Bowes|||||||||
|Museum||||8,289|(8,289)||||
||||2,586,693|406,047|(582,318)|||2,410,422|
|Total offunds|||13,105,621|2,988,885|(2,653,493)||429,235|13,870,248|





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|Statement|offunds - prior|offunds - prior|year||||||
|---|---|---|---|---|---|---|---|---|
||||Balance al|||||Balance at|
||||1April|||Transfers|Gainsl|31March|
||||2020f|Income<br>f|Expenditure<br>f|inlout<br>f|(Losses)|2021|
|Unrestricted|funds||||||||
|General|||6,636,310|1,616,524|(1,580,666)|141,453|-|6,813,621|
|Pension reserve|||(250,000)|-|(40,000)|-|340,000|50,000|
||||6,386,310|1,616,524|(1,620,666)|141,453|340,000|6,863,621|
|Endowment|funds||||||||
|John &Josephine||Bowes|1,199,143|44,881||(42,231)|254,790|1,456,583|
|Catalyst Endowment|||2,247,165|99,422|(15)|(99,222)|(48,626)|2,198,724|
||||3,446,308|144,303|(15)|(141,453)|206,164|3,655,307|
|Restricted funds|||||||||
|Acquisitions|&||||||||
|Conservation|||2,375,972|174,893|(195,952)|||2,354,913|
|Education|||20,772|128,824|(20,906)|||128,690|
|Capital Improvement|||138,207|-|(54,877)|||83,330|
|Skills for the|Future||17,318|11,122|(8,680)|||19,760|
|Friends of Bowes|||||||||
|Museum||||10,000|(10,000)||||
||||2,552,269|324,839|(290,415)|||2,586,693|
|Total offunds|||/2, 384,887|2,085,666|(1,911,096)||546,164|l3,105,621|





## 

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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||Balance at 1||||Transfers|Gains/|31 March|
|||April 2021|Income|Expenditure|in/out|(Losses)|2022|
|||E||E|E|E|E|
|General funds||6,863,621|2,430,539|(2,071,160)|150,784|(20,000)|7,353,784|
|Endowment||||||||
|funds||3,655,307|152,299|(16)|(150,784)|449,235|4,106,042|
|Restricted|funds|2,586,693|406,047|(582,318)|||2,410,422|
|||13,105,621|2,988,885|(2,653,493)||429,235|13,870,248|
|Summary|offunds|-prior year||||||
||||||||Balance at|
|||Balance at|||Transfers|Gainsr|31March|
|||1Apri(2020<br>E|Income<br>E|Expenditure|infoul|(Losses)<br>E|2021f|
|General funds||6,386,310|1,616,524|(1,620,666)|141,453|340,000|6,863,621|
|Endowment||||||||
|funds||3,446,308|144,303|(15)|(141,453)|206,164|3,655,307|
|Restricted|funds|2,552,269|324,839|(290,415)|||2,586,693|
|||12384,887|2,085,666|(1,911,096)||546,164|13,105,621|





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## 

|Analysis of net assets between<br>fund|s - current year||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2022|2022|2022|2022|
||E|E|E|E|
|Tangible fixed assets|169|78,141||78,310|
|Fixed asset investments|||4,083,800|4,083,800|
|Heritage assets|6,493,088|2,310,141||8,803,229|
|Current assets|1,170,029|22,140|22,242|1,214,411|
|Creditors due within one year|(309,502)|||(309,502)|
|Total|7,353,784|2,410,422|4,106,042|13,870,248|



|Analysis|of net assets between<br>funds<br>-|prior year||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2021|2021<br>f|2021<br>f|2021<br>E|
|Tangible|fixed assets|2,189|96,207||98,396|
|Fixed asset investments||||3,634,566|3,634,566|
|Heritage assets||6,475,088|2,310,141||8,785,229|
|Current assets||622,227|180,345|20,741|823,313|
|Creditors|due within one year|(285,883)|||(285,883)|
|Provisions|for liabilities and charges|50,000|||50,000|
|Ttl||6,863,621|2,586,693|3,655,307|13,105,621|





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|||||Group|Group|
|---|---|---|---|---|---|
|||||2022f|2021<br>E|
|Net income for the year (as||per Statement|of Financial Activities)|784,627|380,734|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||20,086|28,892|
|Gains on investments||||(449,235)|(206,164)|
|Endownment<br>income||||(152,299)|(144,303)|
|Decrease<br>in stocks||||1,275|11,837|
|Decrease<br>in debtors||||224,761|20,765|
|Increase/(decrease)|in creditors|||23,620|(114,491)|
|Other finance costs||||30,000|10,000|
|Costs attributable<br>to|endownment|||15|15|
|Net cash provided|by/(used|in) operating|activities|482,850|(12,715)|



|25.|Analysis ofcash|Analysis ofcash|and cash equivalents|and cash equivalents||||
|---|---|---|---|---|---|---|---|
|||||||Group|Group|
|||||||2022|2021|
|||||||6|E|
||Cash|in hand||||945,238|328,104|
||Total|cash and cash||equivalents||945,238|328,104|
|26.|Analysis ofchanges|||in net debt||||
||||||At 1 April||At 31 March|
||||||2021|Cash flows|2022|
||||||6||8|
||Cash|at bank and|in hand||328,104|617,134|945,238|
||||||328,104|617,134|945,238|





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|Principal<br>actuarial|assumption|s<br>at the Balance Sheet dat|e (expressed as weighted<br>averages)|:|
|---|---|---|---|---|
||||t31 March|At 31March|
||||2022|2021|
||||0/|0/|
|Discount rate|||2.8|2.1|
|Future salary increases|||4.1|3.7|
|Future pension increases|||3.1|2.7|
|CPI inflation|||3.1|2.7|
|Pension accounts|revaluation|rate|3.1|2.7|



|Sensitivity<br>analysis||||
|---|---|---|---|
|||At 31 March|At 31March|
|||2022<br>f|2021<br>f|
|Discount rate +0.1'/0||(30,000)|(30,000)|
|Discount rate -0.1'/0||30,000|30,000|
|Mortality assumption|- 1 year increase|(30,000)|(100,000)|
|Mortality assumption|- 1 year decrease|30,000|100,000|
|CPI rate +0.1'/0||30,000|30,000|
|CPI rate -0.1'/o||(30,000)|(30,000)|





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|The Group's|share ofthe assets<br>in the scheme was:|||
|---|---|---|---|
|||At 31 March|At 31March|
|||2022|2021|
|||5||
|Equities||1,830,000|1,670,000|
|Government|bonds|500,000|540,000|
|Corporate bonds||200,000|610,000|
|Property||220,000|210,000|
|Cash||80,000|160,000|
|Other||480,000||
|Total fair value ofassets||3,310,000|3,390,000|



|The amounts<br>r|e|cognised|in the Consolidated<br>S|tatement<br>of Financial<br>Activities are|as follows:||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|6|
|Current service||cost|||30,000|30,000|
|Interest income|||||(70,000)|(60,000)|
|Interest cost|||||70,000|70,000|
|Total amount|recognised||in the Consolidated|Statement of Financial|||
|Activities|||||30,000|40,000|
|Movements<br>in|the present||value ofthe defined|benefit obligation were as follows:|||
|||||||2022|
|||||||5|
|Opening<br>defined||benefit obligation||||3,340,000|
|Current service||cost||||30,000|
|Interest cost||||||70,000|
|Actuarial<br>(gains)/losses||||||(150,000)|
|Benefits paid||||||(220,000)|
|Closing defined||benefit|obligation|||3,070,000|





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## 

|Movemen|ts<br>in the fair value of the Group's share ofscheme assets|were as follows:|
|---|---|---|
|||2022f|
|Opening|fair value ofscheme assets|3,390,000|
|Expected|return<br>on assets|70,000|
|Actuarial|(losses)/gains|(170,000)|
|Benefits|paid|20,000|
|Closing|fair value ofscheme assets|3,310,000|



## 

|under non|-can|cellable<br>operating<br>leases as follow|s:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2022f|2021f|2022f|2021f|
|Not later than||1 year|3,710|4,403|3,710|4,403|
|Later than|1 year and not later than 5years|||693||693|
||||3,710|5,096|3,710|5,096|



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