##
##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report of the|Trustees|||2to19|
|Report ofthe|Independent|Auditors||20 to 22|
|Consolidated|Statement|of Financial|Activities|23|
|Balance Sheet||||24|
|Consolidated|Cash Flow|Statement||25|
|Notes to the|Consolidated|Cash Flow Statement||26|
|Notes to The|Consolidated
Financial||Statements|27to49|
##
##
|TRUSTEES|Chris Seamark||||||
|---|---|---|---|---|---|---|
||Tunde Ojetola||||||
||Wayne Warner (Chair)||||||
||Garry Hague|||Resigned||22/09/2020|
||Barry Norrington||||||
||Kameel Mohammed||||||
||Juan Rangel||||||
||Dr James Watson||||||
||Jatinder
Nahal|||Appointed||17/12/2020|
|COMPANY SECRETARY|J N Tatchell|||Resigned||28/09/2020|
||Kay Volk|||Appointed||28/09/2020|
|REGISTERED OFFICE|Blackshots Leisure|Centre|||||
|AND OPERATIONAL ADDRESS|Blackshots Lane||||||
||GRAYS||||||
||Essex||||||
||RM16 2JU||||||
|TRADING AS|Impulse
Leisure||||||
|REGISTERED COMPANY NUMBER|03782811 (England|and Wales)|||||
|REGISTERED CHARITY NUMBER|1080186||||||
|AUDITORS|McCabe Ford Williams||||||
||Statutory
Auditors|and|Chartered||Accountants||
||Bank Chambers||||||
||1 Central Avenue||||||
||Sittingboume||||||
||Kent||||||
||ME104AE||||||
|BANKERS|National
Westminster||Bank|PLC|||
||17 High Street||||||
||Grays||||||
||Essex||||||
||RM17 6NP||||||
|SOLICITORS|Winckworth
Sherwood||||||
||Minerva
House, 5|Montague||Close|||
||LONDON, SE1988||||||
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|||||CONSOLIDATED|CONSOLIDATED|STATEMENT|OF FINANCIAL ACTIVITIES|OF FINANCIAL ACTIVITIES|OF FINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||FOR THE YEAR ENDED 31 MARCH||||2021||||
||||||||||31.03.21|||31.03.20|
|||||||Unrestricted|Restricted|||Unrestricted|Restricted|Total|
|||||||funds|funds|Total funds||funds|funds|funds|
||||||Notes|f|f|||f|f|f|
|INCOME|||||||||||||
|Donation
Income|||||||1,015,276||1,015,276||||
|Charitable
activities|||||||||||||
|I eisure Centres||||||1,012,875|592,353||1,605,228|5,234,257|73063|5307320|
|Civic Hall||||||11,051|||11,051|435,137||435,137|
|Office and Cottage|Rent|||||25,365|||25,365|55,840||55,840|
|Other trading
activities||||||48,420|||48,420|160,969||160,969|
|Investments||||||12,405|||12,405|37,716||37,716|
|Total Income||||||1,110,116|1,607,629||2,717,745|5,932,919|73,063|5,996,982|
|EXPENDITURE|||||||||||||
|Raising funds||||||56,421|||56,421|144,084||144,084|
|Charitable
activities|||||||||||||
|Leisure Centres||||||2,521,591|1,046,759||3,568,350|5,059,352|95,356|5,154,708|
|Civic Hall||||||120,524|||120,524|546,078||546,078|
|Office and Cottage|Rent|||||10,090|||10,090|20,394||20,394|
|Trading activities||||||233,835|||233,835|421,548||421,548|
|Total resources expended||||||2942 461|1 046759||3989220|6 191 456|95356|6286812|
|Net income/(expenditure)
for the year before
other recognised
gains and losses||||||(1,832,345)|560,870|(1,271,445)||(267,537)|(22,293)|(289,830)|
|Transfers
between
funds|||||20|||||(11,692)|11,692||
|Actuarial gains/(losses)
pension scheme||on|defined|benefit|21|(556,000)|||(556,000)|(161,000)||(161,000)|
|Net movement
in funds||||||(2,388,345)|560,870|(1,827,475)||(440,220)|(10,601)|(450,830)|
|RECONCILIATION
OF FUNDS|||||||||||||
|Total funds brought|forward||||20|2,916,708|||2,916,708|3,356,937|10,601|3,367,538|
|TOTAL FUNDS CARRIED|||FORWARD||20|528,363|560 870||1,089,233|2,916,708||2,916708|
|CONTINUING
OPERATIONS|||||||||||||
|All income and expenditure|has arisen fram continuing||||activities.||||||||
##
##
|||||||The|Group|The Charitable|Company|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|31.03.21|31.03.20|31.03.21|31.03.20|
|||||||f|f|f|f|
|FIXEDASSETS||||||||||
|Tangible assets|||||11|2,242,797|2,496,502|2,208,095|2,444,453|
|Investments|||||12|||10000|10000|
|||||||2,242,797|2,496,502|2,218,095|2,454,453|
|CURRENT ASSETS||||||||||
|Stocks|||||14|41,371|47,895|36,322|40,357|
|Debtors|||||15|734,847|96,361|731,783|117,145|
|investments|||||||89,063||89,063|
|Short term deposits||||||512,463|598,781|512,463|598,781|
|Cash at bank and in hand||||||94|1076!5|89907|88544|
|||||||1,382,733|939,965|1,370,475|933,890|
|CREDITORS||||||||||
|Amounts
due &1 year|||||16|901 390|~58464|~877 133|~507 925|
|NET CURRENT ASSETS||||||4
I 343|411 501|493 342|425 965|
|TOTAL ASSETS LESSCURRENT||||LIABILITIES||2,724,140|2,908,003|2,711,437|2,880,418|
|CREDITORS||||||||||
|Amounts
due &1 year|||||17|(569,906)|(113,295)|(559,269)|(96,586)|
|NET ASSETS EXCLUDING|||PENSION LIABILITY|||2,154,234|2,794,708|2,152,168|2,783,832|
|PENSION ASSETI (LIABILITY)|||||21|(1,065,000)|122,000|(1,065,000)|122,000|
|TOTAL NET ASSETS||||||89234|2916 08|108
I|905832|
|FUNDS|||||20|||||
|Restricted funds||||||560,870||560,870||
|Unrestricted
funds:||||||||||
|Designated||funds||||||||
|General|funds|||||1,593,363|2,783,832|1,591,298|2,783,832|
|Non charitable|||trading|funds|||10,876|||
|Pension|reserve||||||||2 000|
|Total unrestricted
funds||||||528,363|2,916,708|526,298|2,905,832|
|TOTAL FUNDS||||||1,089,233|2,916,708|1,087,168|290|
##
##
||||31.03.21|31.03.20|
|---|---|---|---|---|
|||Notes|6|6|
|Cash flows from operating
activities||1|(402,022)|407,929|
|Cash flows from investing
activities|||||
|Dividends,
interest and rent from investments|||12,405|37,716|
|Interest on 1 year bank accounts||||(1,142)|
|Charity Bank account investment|||||
|Purchase oftangible fixed assets (Including|HP)|||(277,644)|
|Cash used on investing
activities|||12,405|(241,070)|
|Cash flows from financing
activities|||||
|Repayment
of borrowing|||(53,514)|(253,607)|
|Purchase of HP tangible
fixed assets||||25,697|
|New Loan|||343,000||
|Cash used in financing
activities|||289,486|(227,910)|
|Increase /(decrease)
in cash and cash
equivalents
in the year|||(100,131)|(61,051)|
|Cash and cash equivalents
at the beginning|ofthe year||706,646|767,697|
|Total cash and cash equivalents
at the end ofthe|||606,515|706,646|
|year|||||
##
##
##
||||||31.03.21|31.03.20|
|---|---|---|---|---|---|---|
|Net incoming
resources before other recognised
and losses||||gains|(1,271,475)|(289,830)|
|Depreciation
charges|||||246,807|343,973|
|Disposal|||||6,900||
|Reclassification
ofCharity||Bank Account|||89,064||
|Actuarial
pension scheme||charges|||34,000|24,000|
|Loan write off bad debt||||||365,552|
|Dividends,
interest
and rent from investments|||||(12,405)|(37,716)|
|(Increase)
/ decrease|in stocks||||6,524|(3,119)|
|(Increase)
/ decrease|in debtors||||(438,486)|149,198|
|Increase
/ (decrease)|in creditors||||340,049|(144,129)|
|Pension
liability acquired|||||597,000||
|Net cash Inflow from|operating||activities||(402,022)|407,929|
|ANALYSIS OF CHANGES||IN NET|FUNDS||||
||||At 1.4.20||Cash Flow|At 31.3.21|
|Net Cash|||||||
|Cash atbank|||706,646||(100,130)|606,515|
|Debt|||||||
|Finance Leases|||(165,577)||53,514|(112,063)|
|Debts
falling
due|||||(36,723)|(36,723)|
|within one year|||||||
|Debts
falling
due|||||(506,277)|(506,277)|
|after one year|||||||
|Total|||541,069||(589,616)|(48,548)|
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||||||Unrestricted|Unrestricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||f|f|f||f|
||Donation|Income|||||1,015,276|1,015,276|||
||The Group|received 81,015,276 (2020: 6Nil) of|||grant|funding
from the government's||Coronavirus
Job|Retention|Schem|
||(CJRS).||||||||||
||INCOME|FROM CHARITABLE ACTIVITIES|||||||||
|||||||||31.03.21|31.03.20||
||||||Unrestricted||Restricted|Total||Total|
|||||||6|6|6||f|
||Funding
income|||||112,873|592,353|705,226||73,063|
||Leisure centres income|||||900,002||900,002|5,234,257||
||Sub-total|for leisure centres|||1,012,875||592,353|1,605,228|5,307,320||
||Civic Hall|income||||11,051||11,051|435,137||
||Sub-total|for Civic Hall||||11,051||11,051|435,137||
||Office and cottage rent|||||25,365||25,365||55,840|
||Total income from charitable|||activities|1,049,291||592,353|1,641,644|5,798,297||
||INCOME|FROM OTHER TRADING ACTIVITIES|||||||||
|||||||||31.03.21|31.03.20||
||||||Unrestricted||Restricted|Total||Total|
|||||||f|6|6||f|
||Golf club,|shop and bar||||48,420||48,420|160,969||
|||||||48,420||48,420|160,969||
|5.|INCOME|FROM INVESTMENTS|||||||||
|||||||||31.03.21|31.03.20||
||||||Unrestricted||Restricted|Total||Total|
|||||||6|f|6||6|
||Solar panel investment||income|||5,562||5,562||6,801|
||Interest receivable|||||6,843||6,843||30,915|
|||||||12,405||12,405||37,716|
##
##
##
##
##
||||||||||31.03.21|31.03.20||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted||Total|Total||
|||||||2||E|E|f||
|Staff costs||||||160,937|||160,937|211,134||
|Other trading costs||||||72,898|||72,898|210,414||
|||||||233,835|||233,835|421,548||
|ANALYSIS OF EXPENDITURE||||||||||||
||||||Charitable
activities|||||31.03.21|31.03.20|
||||Cost of||||Office and|||||
||||raising||Leisure||cottage|Governance|Support|||
||||funds||centres|Civic hall|rent|costs|Costs|Total|Total|
||||||8|6|6|6|f|6|8|
|Staff costs|||||2,093,178|15,457|||378,575|2,487,210|2,314,613|
|Promotion
and pubfidty|||46,331|||||||46,331|123,690|
|Premises costs|||||422,228|16,950|||296,862|736,040|1,393,706|
|Purchases
for resale|||||50,267|555||||50,882|336,272|
|Office administration||costs|||94,651|6,849|||312,355|413,855|1,682,909|
|Audit and accountancy||||||||11,450||11,450|9,139|
|Legal and professional|||||||||9,677|9,677|4,935|
||||46,331||2,063,324|39,811||11,450|997,469|3,755,385|5,865,264|
|Support costs|||9,975||897,722|79,797|9,975||(997,469)|||
|Governance
costs||||115|10,304|916|115|(11,450)||||
|Total expenditure|2021||56,421||3,568,350|120,524|10,090|||3,755,385||
|Total expendilure|2020||144,084||5,154,708|546,078|20,394||||5,865,264|
##
##
##
##
||31.03.21|31.03.20|
|---|---|---|
|Depreciation|246,807|343,973|
|Interest payable|3,876|1,180|
|Operating
lease rentals|2,312|13,509|
|Auditors'
remuneration|||
|-Audit fee (parent)|7,718|7,570|
|-Other services (parent)|3,732|1,569|
|- Audit fee (subsidiary)|2,995|2,950|
|- Other services|1,001|767|
##
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##
##
##
|STAFF C|OSTS|||||||
|---|---|---|---|---|---|---|---|
|||||||31.03.21|31.03.20|
|||||||f|f|
|Wages and salaries||||||1,799,670|2,254,761|
|Social security costs||||||102,950|125,701|
|Employer's|contribution|to|defined|contribution|pension schemes|32,527|41,285|
|Employer's|contribution|to|defined|benefit pension schemes||680,000|80,000|
|Operating|cost ofdefined||benefit|pension schemes||33,000|24,000|
|||||||2,648,147|2,525,747|
##
|The average|monthly
number of emp|loyees
during
the year w|as as follows:|||
|---|---|---|---|---|---|
|||||31.03.21|31.03.20|
|Leisure centres||||134|160|
|Civic hall||||7|16|
|Other trading|activities|||5|17|
|SMT||||3||
|Support||||7||
|||||155||
|No employees|received emoluments|in excess of660,000.||||
|TANGIBLE FIXEDASSETS||||||
|The Group|||Improvements|Plant and||
||||to leasehold|machinery|Totals|
||||property|||
||||6|||
|COST||||||
|At 1 April 2020|||4,704,930|988,280|5,693,210|
|Additions
Disposals|||~6,900)||~6,900)|
|At 31 March|2021||4,698,030|988,280|5,686,310|
|DEPRECIATION||||||
|At 1 April 2020|||2,389,813|806,895|3,196,708|
|Charge for year|||173,748|73,059|246,807|
|Disposal||||||
|At 31 March|2021||2,563,561|879,954|3,443,515|
|NET BOOK VALUE||||||
|At 31 March|2021||2,134,469|108,326|2,242,797|
|At 31 March|2020||2,315,117|181,385|2,496,502|
##
##
|Fixed assets,
included
in the above,
which
follows:|are held
under
hire purchase
contr|acts
or finance|leases are as|
|---|---|---|---|
|The Group|||Plant and|
||||machinery|
||||f|
|COST||||
|At 1 April 2020|||525,764|
|Additions||||
|Transfer to ownership|||~253453|
|At 31 March 2021|||272,311|
|DEPRECIATION||||
|At 1 April 2020|||344,379|
|Charge for year|||73,059|
|Transfer to ownership|||~253,453|
|At 31 March 2021|||163,985|
|NET BOOK VALUE||||
|At 31 March 2021|||108,326|
|At 31 March 2020|||181,385|
|The Charitable
Company|Improvements|Plant and||
||to leasehold|Machinery|Totals|
||property|||
||6|||
|COST||||
|At 1 April 2020|4,554,263|860,189|5,414,452|
|Additions
Disposals|~6900)||~6,900)|
|At 31 March 2021|4,547,363|860,189|5,407,552|
|DEPRECIATION||||
|At 1 April 2020|2,260,182|709,817|2,969,999|
|Charge for year|170,303|59,157|229,460|
|Disposals||||
|At 31 March 2021|2,430,485|768,974|3,199,459|
|NET BOOK VALUE||||
|At 31 March 2021|2,116,878|91,215|2,208,095|
|At 31 March 2020|2,294,081|150,372|2,444,453|
##
##
|11,|TANGIBLE FIXEDASSETS-continued|TANGIBLE FIXEDASSETS-continued|TANGIBLE FIXEDASSETS-continued|||||||
|---|---|---|---|---|---|---|---|---|---|
||Fixed assets,
induded|in the above,|which|are held|under|hire purchase|contracts|or finance|leases are as|
||follows:|||||||||
||The Charitable
Company||||||||Plant and|
||||||||||machinery|
||||||||||6|
||COST|||||||||
||At 1 April 2020||||||||413,801|
||Additions|||||||||
||Transfer to ownership||||||||~767, 187|
||At 31 March 2021||||||||246,614|
||DEPRECIATION|||||||||
||At 1 April 2020||||||||263,429|
||Charge for year
Transfer to ownership||||||||59,157
~767,787|
||At 31 March 2021||||||||155,399|
||NET BOOK VALUE|||||||||
||At 31 March 2021||||||||81 215|
||At 31 March 2020||||||||150,372|
|12.|FIXEDASSET INVESTMENTS|||||||||
||The Group||||||Solar Panels||Totals|
|||||||||6|6|
||COST|||||||||
||At 1 April 2020|||||||58,813|58,813|
||Disposals|||||||L58,8133)|~58813)|
||AMORTISATION|||||||||
||At I April 2020|||||||58,813|58,813|
||Eliminated
on disposal|||||||~58,813)|~58,813)|
||At 31 March 2021|||||||||
||NET BOOK VALUE|||||||||
||At 31 March 2021|||||||||
||At 31 March 2020|||||||||
##
##
##
|FIXEDASSET INVESTMENTS -continued||||
|---|---|---|---|
|The Charitable
CompanY||Shares
in||
||Solar Panels|group|Totals|
|||undertakings||
|||6||
|COST||||
|At 1 April 2020
Disposals|58,813
~58,813)|10,000|68,813
~58,813)|
|At 31 March 2021|58,813|10,000|68,813|
|AMORTISATION||||
|At 1 April 2020
Eliminated
on disposal|58,813
~58,813)||58,813
~58,813)|
|At 31 March 2021||||
|NET BOOK VALUE||||
|At 31 March 2021||10,000|10,000|
|At 31 March 2020||10,000|10,000|
##
##
|Class of|share:|holding|
|---|---|---|
|Ordinary|share capital|100|
##
##
##
##
##
||||||The|group||The charitable|company|
|---|---|---|---|---|---|---|---|---|---|
||||||31.03.21||31.03.20|31.03.21|31.03.20|
||||||f||f|f|f|
|Stocks|||||41,371||47,895|36,322|40,357|
|DEBTORS||||||||||
||||||The|group||The charitable|company|
||||||31.03.21||31.03.20|31.03.21|31.03.20|
|Amounts|falling due within one year:||||f||f|f|f|
|Other debtors|||||95,145||41,297|95,144|41,296|
|Amounts|due|from other group members|||||19,142||39,927|
|Prepayments||and accrued income|||637,625||35,922|636,639|35,922|
|Taxation|||||2,077|||||
||||||734,847||96,361|731,783|117,145|
|CREDITORS:||AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||The|group||The charitable|company|
||||||31.03.21||31.03.20|31.03.21|31.03.20|
||||||f||f|f|f|
|Trade creditors|||||270,382||111,346|260,667|106,946|
|Loans|||||36,723|||36,723||
|Accruals|and deferred||income||372,758||313,713|355,173|301,157|
|VAT payable|||||||8,063|5,279|12,521|
|Lease liability|||||48,434||52,282|42,362|44,493|
|Social Security and other||||taxes|58,130||26,432|58,130|26,432|
|Other creditors|||||114,963||16,628|112,699|16,376|
|Amounts|due to other||group members|||||6,100||
||||||901,390||528,464|877,133|507g25|
##
##
##
##
|||||The group||The charitable|company|
|---|---|---|---|---|---|---|---|
|||||31.03.21|31.03.20|31.03.21|31.03.20|
||||||E|f|6|
|Lease|liabilities|due|2- 5years|63,629|113,295|52,992|96,586|
|Loan|liabilities|due|2- 5years|506,277||506,277||
|||||569,906|113,295|559,269|96,586|
##
##
|Equipment|31.03.21|31.03.20|
|---|---|---|
||f|f|
|Within one year
Between one and five years|4,663
2,625|4,011
6,388|
||7,288|10,399|
|Equipment|31.03.21|31.03.20|
|---|---|---|
||f||
|Within one year
Between one and five years|3,733
~2595|3,081
6,328|
||6,328|9,409|
##
##
##
|ANALYSIS OF NET ASSETS BE|TWEEN FUNDS||||
|---|---|---|---|---|
||||31.03.21|31.03.20|
||Unrestricted|Restricted|Total
funds|Total
funds|
||funds|funds|||
||6|f|f||
|Fixed assets|2,242,797||2,242,797|2,496,502|
|Investments||||89,063|
|Current assets|821,863|560,870|1,382,733|850,902|
|Current
liabilities|(901,390)||(901,390)|(528,464)|
|Long term liabilities
Pension asset / (liability)|(569,906)
~1,065,000)||(569,906)
~1,065,000)|(113,295)
122,000|
||528,364|560,870|1,089,234|2,916,708|
|Analysis of net assets between|funds- previous year||||
||||31.03.20|31,03.19|
||Unrestricted
funds|Restricted|Total
funds|Total
funds|
|||funds|||
||f|6|f||
|Fixed assets|2,496,502||2,496,502|2,562,831|
|Investments|89,063||89,063|87,921|
|Current assets|850,902||850,902|1,423,584|
|Current
liabilities|(528,464)||(528,464)|(870,076)|
|Long term liabilities
Pension asset / (liability)|(113,295)
122,000||(113,295)
122,000|(143,722)
307,000|
||2,916,708||2,916,708|3,367,538|
##
##
|||||At the start|Incoming|Outgoing|Transfers|At the end of|
|---|---|---|---|---|---|---|---|---|
|||||ofthe year|resources|resources|and gains|the year|
||||||f|6|6|6|
|Restricted funds:|||||||||
|Leisure Centre|||||1,607,629|(1,046,759)||560,870|
|Total restricted
funds|||||1,607,629|1,046,759||560,870|
|Unrestricted
funds:|||||||||
|Designated
funds|||||||||
|General funds of TCL||||2,783,832|885,089|(2,077,626)||1,591,295|
|General funds of TCL Trading||||10,876|225,027|233,835||2,068|
|Total general funds||||2,794,708|1,110,116|2,311,461||1,593,363|
|Pension
fund||||122,000||(631,000)|(556,000)|(1,065,000)|
|Total unrestricted
funds||||2,916,708|1,110,116|2,942,461|556,000|528,363|
|Total funds Including||pension|||||||
|fund||||2,916708|2,717,745|3,989,220|556,000|1,089,233|
|Purposes ofdesignated|||funds||||||
|The pension
fund covers|||the actuarial|valuation
ofthe pension scheme|||||
|Movement
in Funds-||Previous year|||||||
|||||At the starl|Incoming|Outgoing|Transfers|At the end of|
|||||of the year|resources|resources|and gains|the year|
|||||f|F|2|f|6|
|Restricted funds:|||||||||
|Leisure Centre||||10,601|73,063|(95,356)|11,692||
|Total restricted
funds||||10,601|73,063|95,356|11,692||
|Unrestricted
funds:|||||||||
|Designated
pension|fund|||250,000|||(250,000)||
|General funds ofTCL||||2,971,730|5,489,703|(5,735,909)|238,308|2,783,832|
|General funds of TCL Trading||||8,207|434,216|431,547||10,876|
|Total general funds||||3,049,937|5,923,919|6,167,456|11,692|2,794,708|
|Pension
fund||||307,000||(24,000)|(161,000)|122,000|
|Total unrestricted
funds||||3,356,937|5,923,919|6,191,456|172,692|2,916,708|
|Total funds including||pension|||||||
|fund||||3,367,538|5,996,982|6,286,812|161,000|2,916,708|
##
##
##
##
##
##
##
##
||||||||Defined benefit|pension
plans|
|---|---|---|---|---|---|---|---|---|
||||||||31.03.21|31.03.20|
|Opening
defined
benefit||obligation|||||3,751,000|3,701,000|
|Current service cost|||||||109,000|108,000|
|Past service cost||||||||4,000|
|Contributions
by scheme||participants|||||25,000|22,000|
|Interest cost|||||||142,000|95,000|
|Liabilities assumed
(extinguished)
on||||sefilements|||3,130,000||
|Actuarial
losses/(gains)|||||||2,056,000|8,000|
|Change
in demographic||assumptions|||||(75,000)|(57,000)|
|Benefits paid|||||||(54,000)|(130,000)|
|Actuarial
(gains)/losses|from changes|||in demographic||assumptions|||
||||||||9,084,000|3,751,000|
|Changes
in the fair value||ofscheme assets are as follows:|||||||
||||||||Defined benefit|pension
plans|
||||||||31.03.21|31.03.20|
||||||||6||
|Opening
fair value ofscheme assets|||||||3,873,000|4,008,000|
|Interest on assets|||||||137,000|104,000|
|Administration
expenses|||||||(2,000)|(1,000)|
|Contributions
by employer|||||||83,000|80,000|
|Contributions
by scheme||participants|||||25,000|22,000|
|Expected return|||||||1,425,000|(311,000)|
|Actuarial
gains/(losses)||||||||101,000|
|Settlement
prices received
Benefits paid|||(paid)||||2,533,000
~54,000)|~130,000)|
||||||||8,019,000|3,873000|
|The amounts
recognised||in other recognised|||gains and|losses are as follows:|||
||||||||Defined benefit|pension
plans|
||||||||31.03.21|31.03.20|
|Actuarial
(gains)/losses|from changes|||in demographic||assumptions|75,000|57,000|
|Actuarial
gains/(losses)|||||||(631,000)|(218,000)|
||||||||~556,000)|(I61,000)|
##
##
|||||||||||||Defined benefit|Defined benefit|pension|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||plans||
||||||||||||||31.03.21|31.03.20|
|Equities|||||||||||||63'/0|59'/0|
|Gilts|||||||||||||3'/0|4'/0|
|Other bonds|||||||||||||5'/0|6'/0|
|Property|||||||||||||7'/o|9'/0|
|Cash|||||||||||||3'/0|4'/0|
|Other managed
funds|||||||||||||8'/0|6'/0|
|Alternative|assets||||||||||||1 1 '/0|120%%d|
|Asset breakdown|||||||||||||31.03.21|31.03.20|
||||||||||||||6000s|6000s|
|Equities|||||||||||||5,073|2,267|
|Gilts|||||||||||||204|167|
|Other bonds|||||||||||||390|235|
|Property|||||||||||||565|348|
|Cash|||||||||||||202|161|
|Other managed||funds|||||||||||663|249|
|Alternative
assets|||||||||||||922|446|
||||||||||||||8,019|3,873|
|Projected|employer||contribugons|||for the year ending||31|March 2022 are 6101,000.||||||
|Principal|actuarial|assumptions||||at the balance|sheet date||(expressed as weighted||averages)||||
||||||||||||||31.3.21|31.3.20|
|Discount|rate||||||||||||2.05'/0|2.45'/0|
|Future salary increases|||||||||||||2.00'/0|2.00/0|
|Future pension increases|||||||||||||2.80'/0|1.85'/0|
|The following
table|||sets|out the||impact ofa small change|||in the discount rates on||the|defined
benefit||obligation|
|and projected service cost along with a +I-1 year age||||||||rating adjustment||to the mortality
6|||assumption:
6|f|
|Adjustment
to discount||||rate|||||||||||
||||||||||+0.1'/0||||0.0'/0|-0.1'/0|
||Present|value||oftotal|obligation||||8,867,000|||9,084,000||9,306,000|
||Projected||service cost|||||||198,000|||205,000|212,000|
|Adjustment
to long|||term|salary|increase||||+0.1'/0||||0.0'/0|-0.1'/0|
||Present|value||oftotal|obligation||||9,100,000|||9,084,000||9,068,000|
||Projected||service cost|||||||205,000|||205,000|205,000|
|Adjustment
to pension||||increases
and deferred|||||+0.1'/0||||0.0'/0|-0.1'/0|
|revaluation|||||||||||||||
||Present|value||oftotal|obligation||||9,289,000|||9,084,000||8,884,000|
||Projected||service cost|||||||212,000|||205,000|198,000|
|Adjustment
to life expectancy|||||assumptions||||+I year||||None|-1 year|
||Present|value||oftotal|obligation||||9,494,000|||9,084,000||8,692,000|
||Projected||service cost|||||||214,000|||205,000|196,000|
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