## ## ||||Page| |---|---|---|---| |Reference and Administrative
Details|||| |Report ofthe|Trustees||2to20| |Report ofthe|Independent|Auditors|21 to 23| |Consolidated|Statement of|Financial Activities|24| |Balance Sheet|||25| |Consolidated|Cash Flow Statement||26| |Notes to the|Consolidated|Cash Flow Statement|27| |Notes to The|Consolidated|Financial Statements|28 to 50| ## ## |TRUSTEES|Chris Seamark||||Resigned|Resigned|11/02/2022| |---|---|---|---|---|---|---|---| ||Tunde Ojetola (Chair)||||||| ||Wayne Warner
(Previous||||Chair)||| ||Barry Norrington||||||| ||Kameel Mohammed||||||| ||Juan Rangel||||||| ||DrJames Watson||||||| ||Jatinder
Nahal (Vice||Chair)||||| ||Lynn Worral|||||Appointed|26/05/2021| |COMPANY SECRETARY|Kay Volk||||||| |REGISTERED OFFICE|Blackshots Leisure|Centre|||||| |AND OPERATIONAL ADDRESS|Blackshots Lane||||||| ||GRAYS||||||| ||Essex||||||| ||RM16 2JU||||||| |TRADING AS|Thurrock
Community|||Leisure Limited|||| |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||||||| ||Sitting bourne||||||| ||Kent||||||| ||ME10 4AE||||||| |BANKERS|National
Westminster|||Bank PLC|||| ||17High Street||||||| ||Grays||||||| ||Essex||||||| ||RM17 6NP||||||| |SOLICITORS|Winckworth
Sherwood||||||| ||Minerva House,||||||| ||5 Montague
Close||||||| ||LONDON,||||||| ||SE19BB||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||31.03.22|||31.03.21| |---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted||Unrestricted|Restricted|| ||||||funds|funds|Total funds|funds|funds|Total funds| |||||Notes|E|||E|E|E| |INCOME||||||||||| |Donation
Income||||||51,429|51,429||1,015,276|1,015,276| |Charitable
activities||||||||||| |Leisure Centres|||||3,785,541|426,185|4,211,726|1,012,875|592,353|1,605,228| |Civic Hall|||||79,098||79,098|11,051||11,051| |Office and Cottage|Rent||||26,090||26,090|25,365||25,365| |Other trading
activities|||||131,777||131,777|48,420||48,420| |Investments|||||302||302|12,405||12,405| |Total income|||||4,022,808|477,614|4,500,422|1,110,116|1,607,629|2,717,745| |EXPENDITURE||||||||||| |Raising funds|||||80,460||80,460|56,421||56,421| |Charitable
activities||||||||||| |Leisure Centres|||||2,966,281|966,525|3,932,806|2,521,591|1,046,759|3,568,350| |Civic Hall|||||263,182||263,182|120,524||120,524| |Office and Cottage|Rent||||12,156||12,156|10,090||10,090| |Trading
activities|||||296,943||296,943|233,835||233,835| |Total resources expended|||||3,619022|966,525|4,585,547|2,942,461|1,046,759|3,989,220| |Net income/(expenditure)|||for the year|||||||| |before other recognised|||gains and losses||403,786|(488,911)|(85,125)|(1,832,345)|560,870|(1,271,445)| |Transfers
between
funds||||20|68,461|(68,461)||||| |Actuarial
gains/(losses)||on|defined|||||||| |benefit pension scheme||||21|1,056,000||1,056,000|(556,000)||(556,000)| |Net movement
in funds|||||1,528,247|(557,372)|970,875|(2,388,345)|560,870|(1,827,475)| |RECONCILIATION
OF||FUNDS||||||||| |Total funds brought|forward|||20|528,363|560,870|1,089,233|2,916,708||2,916,708| |TOTAL FUNDS CARRIED||||||||||| |FORWARD||||20|2,056,610|3,498|2,060,108|528,363|560,870|1,089,233| ## ## |||||||The|Group|The Charitable|Company| |---|---|---|---|---|---|---|---|---|---| ||||||Note|31.03.22|31.03.21|31.03.22|31.03.21| ||||||||F||F| |FIXEDASSETS|||||||||| |Tangible assets|||||11|2,103,027|2,242,797|2,077,495|2,208,095| |Investments|||||12|||10,000|10,000| |||||||2,103,027|2,242,797|2,087,495|2,218,095| |CURRENT ASSETS|||||||||| |Stocks|||||14|54,559|41,371|49,839|36,322| |Debtors|||||15|87,504|734,847|175,086|731,783| |Investments||||||160,000||160,000|| |Short term deposits||||||732,766|512,463|732,766|512,463| |Cash at bank|and in hand|||||263,928|94,052|161,848|89,907| |||||||1,298,757|1,382,733|1,279,539|1,370,475| |CREDITORS|||||||||| |Amounts
due|&1 year||||16|773,199|901,390|746,384|877 133| |NET CURRENT ASSETS||||||525,558|481 343|533,155|493,342| |TOTAL ASSETSLESSCURRENT||||LIABILITIES||2,628,585|2,724,140|2,620,650|2,711,437| |CREDITORS|||||||||| |Amounts
due|&1 year||||17|(436,477)|(569,906)|(430,610)|(559,269)| |NET ASSETS EXCLUDING|||PENSION LIABILITY|||2,192,108|2,154,234|2,190,040|2,152,168| |PENSION ASSETI(LIABILITY)|||||21|(132,000)|(1,065,000)|(132,000)|(1,065,000)| |TOTAL NET|ASSETS|||||2,060,108|1,089,234|2,058,040|1,087,168| |FUNDS|||||20||||| |Restricted funds||||||3,498|560,870|3,498|560,870| |Unrestricted|funds:||||||||| ||Designated|funds|||||||| ||General funds|||||2,188,610|1,593,363|2,186,542|1,591,298| ||Non charitable||trading|funds|||||| ||Pension reserve|||||~132,0DD|~1,065,0DD|~132,000|~1,065 000| |Total unrestricted
funds||||||2,056,610|528,363|2,054,542|526,298| |TOTAL FUNDS||||||2,060,108|1,089,233|2,058,040|1,087,168| |CONSOLIDATED CASH|CONSOLIDATED CASH|FLOW STATEMENT|FLOW STATEMENT|| |---|---|---|---|---| |FOR THE YEAR ENDED 31 MARCH|||2022|| ||||31.03.22|31.03.21| |||Notes||E| |Cash flows from operating
activities|||723,594|(402,022)| |Cash flows from investing
activities||||| |Dividends,
interest and rent from investments|||302|12,405| |Interest on 1 year bank accounts||||| |Charity Bank account investment|||(160,000)|| |Purchase oftangible
fixed assets (Including|HP)||(86,523)|| |Cash used on investing
activities|||(246,221)|12,405| |Cash flows from financing
activities||||| |Repayment
of borrowing|||(87,194)|(53,514)| |Purchase of HP tangible
fixed assets||||| |New Loan||||343,000| |Cash used in financing
activities|||(87,194)|289,486| |Increase
/ (decrease)
in cash and cash
equivalents
in the year|||390,179|(100,131)| |Cash and cash equivalents
at the beginning|ofthe year||606,515|706,646| |Total cash and cash equivalents
at the end ofthe|||996,694|606,515| |year||||| ## ## ||||||31.03.22|31.03.21| |---|---|---|---|---|---|---| ||||||E|| |Net incoming
resources
and losses||before other recognised||gains|(85,125)|(1,271,475)| |Depreciation
charges|||||226,291|246,807| |Disposal||||||6,900| |Reclassification
of Charity Bank Account||||||89,064| |Actuarial
pension scheme charges|||||123,000|34,000| |Loan write off bad debt||||||| |Dividends,
interest and rent from investments|||||(302)|(12,405)| |(Increase)
/ decrease|in|stocks|||(13,188)|6,524| |(Increase) /decrease|in|debtors|||647,343|(438,486)| |Increase
/ (decrease)|in|creditors|||(174,425)|340,049| |Pension
liability acquired||||||597,000| |Net cash inflow from|operating||activities||723,594|(402,022)| |ANALYSIS OF CHANGES||IN NET FUNDS||||| ||||At 1.4.22||Cash Flow|At 31.3.22| |Net Cash||||||| |Cash at bank|||606,515||390,179|996,694| |Debt||||||| |Finance Leases|||(112,063)||50,472|(61,591)| |Debts
falling
due|||(36,723)||(82,284)|(119,007)| |within one year||||||| |Debts
falling
due|||(506,277)||119,006|(387,271)| |after one year||||||| |Total|||(48,548)||477,373|428,825| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| ||||E|E|P| |Donation|Income||51,429|51,429|1,015,276| |||||||31.03.22|31.03.21| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||E|E|P|E| ||Funding
income||||236,368|236,368|705,226| ||Leisure centres income|||3,785,541|189,817|3,975,358|900,002| ||Sub-total for leisure centres|||3,785,541|426,185|4,211,726|1,65,228| ||Civic Hall income|||79,098||79,098|11,051| ||Sub-total for Civic Hall|||79,098||79,098|11,051| ||Office and cottage rent|||26,090||26,090|25,365| ||Total income from charitable||activities|3,890,729|426,185|4,316,914|1,641,644| |4.|INCOME FROM OTHER|TRADING ACTIVITIES|||||| |||||||31.03.22|31.03.21| |||||Unrestricted|Restricted|Total|Total| |||||E|E|F|E| ||Golf club, shop and bar|||131,777||131,777|48,420| |||||131,777||131,777|48,420| |5.|INCOME FROM INVESTMENTS||||||| |||||||31.03.22|31.03.21| |||||Unrestricted|Restricted|Total|Total| |||||||E|E| ||Solar panel investment|income|||||5,562| ||Interest receivable|||302||302|6,843| |||||302||302|12,405| ## ## |||||||||||31.03.22|31.03.21|| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted||Restricted||Total|Total|| ||||||||E||F|F|F|| |Staff costs|||||||160,369|||160,369|160,937|| |Other trading costs|||||||136,574|||136,574|72,898|| ||||||||296,943|||296,943|233,835|| |NALYSIS|OF EXPENDITURE|||||||||||| |||||||Charitable
activities|||||31.03.22|31.03.21| |||||Cost of||||Office and||||| |||||raising||Leisure||cottage|Governance|Support||| |||||funds||centres|Civic hall|rent|costs|Costs|Total|Total| ||||||E|F||E|E|F||F| |Staff costs||||||1,687,708|48,312|||519,262|2,255,282|2,487,210| |Promotion|and publicity|||68,304|||||||68,304|46,331| |Premises costs||||||796,058|35,401|||222,626|1,054,085|736,040| |Purchases|for resale|||||170,046|56,866||||226,912|50,882| |Office administration|||costs|||184,906|25,352|||446,798|657,056|413,855| |Audit and|accountancy||||||||8,814||8,814|11,450| |Legal and|professional|||||||||18,151|18,151|9,677| |||||68,304||2,838,718|165,931||8,814|1,206,837|4,288,604|3755385| |Support costs||||12,068||1,086,155|96,546|12,068||(1,206,837)||| |Governance
costs|||||88|7,933|705|88|(8,814)|||| |Total expenditure||2022||80|460|3,932,806|263,182|12,156|||4,288,604|| |Total expenditure||2021||56,421||3,568,350|120,524|10,090||||3,755,385| ## ## ## ||31.03.22|31.03.21| |---|---|---| ||E|E| |Depreciation|226,291|246,807| |Interest payable|989|3,876| |Operating
lease rentals|5,519|2,312| |Auditors'
remuneration||| |-Audit fee (parent)|8,314|7,718| |- Other services (parent)|500|3,732| |- Audit fee (subsidiary)|3,592|2,995| |- Other services|250|1,001| ## ## ## |10.|STAFF COSTS|STAFF COSTS|STAFF COSTS|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||31.03.22|31,03.21| ||||||||||||E|E| ||Wages and||salaries||||||||2,018,072|1,799,670| ||Social security costs||||||||||130,103|102,950| ||Employer's||contribution||to|defined|contribution||pension schemes||144,476|32,527| ||Employer's||contribution||to|defined|benefit|pension||schemes|98,000|680,000| ||Operating|cost ofdefined||||benefit|pension schemes||||25,000|33,000| ||||||||||||2,415,651|2,646,147| ||The average||monthly|number ofemployees||||during||the year was as follows:||| ||||||||||||31.03.22|31.03.21| ||Leisure centres||||||||||130|134| ||Civic hall||||||||||2|7| ||Other trading
activities||||||||||5|5| ||SMT||||||||||4|3| ||Support||||||||||6|7| ||||||||||||147|155| |The number ofemployees|whose employee|benefits (excluding|employer|pension costs) exceeded|260,000was:| |---|---|---|---|---|---| |||||31.03.22|31.03.21| |P60,001 - 870,000||||3|| |270,001 - 280,000||||1|| |f80,001 - 890,000|||||| |290,001 - 8100,000|||||| |f100,000 - 8110,000|||||| |2110,000 - 8120,000|||||| ## ## |The Group|Improvements|Plant and|| |---|---|---|---| ||to leasehold|machinery|Totals| ||property||| ||E|E|| |COST|||| |At 1 April 2021|4,698,030|988,280|5,686,310| |Additions
Disposals|86,523
~4,550)||86,523
~4,550)| |At 31 March 2022|4,780,003|988,280|5,768,283| |DEPRECIATION|||| |At 1 April 2021|2,563,561|879,954|3,443,515| |Charge for year
Disposal|174,608
~4,550)|51,683|226,291
~4,550)| |At 31 March 2022|2,733,619|931,637|3,665,256| |NET BOOK VALUE|||| |At 31 March 2022|2,046,384|56,643|2,103,027| |At 31 March 2021|2,134,469|108,328|2,242,797| |Fixed assets, included|in the above, which are held under hire purchase contracts or finance leases||are as follows:| |The Group|||Plant and| ||||machinery| ||||E| |COST|||| |At 1 April 2021|||272,311| |Additions|||| |Transfer to ownership|||~83,291| |At 31 March 2022|||189,020| |DEPRECIATION|||| |At 1 April 2021|||163,985| |Charge for year
Transfer to ownership|||51,683
~83,291| |At 31 March 2022|||t32,377| |NET BOOK VALUE|||| |At 31 March 2022|||56,643| |At 31 March 2021|||108,326| ## ## |The Charitable
Company|The Charitable
Company|Improvements|Plant and|| |---|---|---|---|---| |||to leasehold|Machinery|Totals| |||property||| |||P|F|| |COST||||| |At 1 April 2021||4,547,363|860,189|5,407,552| |Additions||86,523||86,523| |Disposals||||| |At 31 March 2022||4,633,886|860,189|5,494,075| |DEPRECIATION||||| |At 1 April 2021||2,430,485|768,974|3,199,459| |Charge for year||171,163|45,958|217,121| |Disposals||||| |At 31 March 2022||2,601,648|814,932|3,416,580| |NET BOOK VALUE||||| |At 31 March 2022||2,032,238|45,257|2,077,495| |At 31 March 2021||2,116,879|91,216|2,208,095| |Fixed assets, included|in the above, which are held under hire purchase contracts or finance leases|||are as follows:| |The Charitable
Company||||Plant and| |||||machinery| |||||E| |COST||||| |At 1 April 2021||||246,614| |Additions||||| |Transfer to ownership||||~88,991| |At 31 March 2022||||163,323| |DEPRECIATION||||| |At 1 April 2021||||155,399| |Charge for year
Transfer to ownership||||45,958
~88,991| |At 31 March 2022||||118,066| |NET BOOK VALUE||||| |At 31 March 2022||||45,257| |At 31 March 2021||||91,216| ## ## ## |The Charitable
Company|Shares|in|| |---|---|---|---| ||group||Totals| ||undertakings||| ||P||| |COST|||| |At 1 April 2021|10,000||10,000| |Disposals|||| |At 31 March 2022|10,000||10,000| |AMORTISATION|||| |At 1 April 2021|||| |Eliminated
on disposal|||| |At 31 March 2022|||| |NET BOOK VALUE|||| |At 31 March 2022|10,000||10,000| |At 31 March 2021|10,000||10,000| ## ## ## ## ## |TCLTrading
Limited||| |---|---|---| |Nature ofbusiness: Golf shop, bar, catering,|maintenance|services| |Class ofshare:||holding| |Ordinary
share capital||100| ## ||31.03.22|31.03.21| |---|---|---| ||E|E| |Gross income|4,451,348|2,607,531| |Net result for the year|970,875|(1,818,663)| ## ## |The|group||The charitable|company| |---|---|---|---|---| |31.03.22||31.03.21|31,03.22|31.03.21| |E|||F|E| |54,559||41,371|49,839|36,322| ## ||||The group||The charitable|company| |---|---|---|---|---|---|---| ||||31.03.22|31.03.21|31.03.22|31.03.21| |Amounts|falling due within one year:||||F|E| |Other debtors|||47,671|95,144|47,200|95,144| |Amounts|due|from other group members|||88,328|| |Prepayments||and accrued income|39,833|637,625|39,558|636,639| |Taxation||||2,078||| ||||87,504|734,847|175,086|731,783| ## ## |||The|group||The charitable|company| |---|---|---|---|---|---|---| |||31.03.22||31.03.21|31.03.22|31.03.21| |||E|||E|| |Trade creditors||258,801||270,382|258,511|260,667| |Loans||119,007||36,723|119,007|36,723| |Accruals
and deferred|income|287,536||372,758|266,744|355,173| |VAT payable||8,531|||9,628|5,279| |Lease liability||38,974||48,434|32,644|42,362| |Social Security and other taxes||66,054||58,130|66,054|58,130| |Other creditors||20,885||114,963|20,385|112,699| |Amounts
due to other|group members|||||6,100| |||799,788||901,390|772,973|877,133| ## ## ## |||||The group||The charitable|company| |---|---|---|---|---|---|---|---| |||||31,03.21|31.03.21|31.03.22|31.03.21| |||||E|F|E|| |Lease|liabilities|due|2 —5 years|22,617|63,629|16,750|52,992| |Loan|liabilities|due|2- 5years|387,271|506,277|387,271|506,277| |||||409,888|569,906|404,021|559,269| ## ## ## |Equipment||| |---|---|---| ||31.03.22|31.03.21| ||F|E| |Within one year|3,241|4,663| |Between one and five years|1,573|2,625| ||4,814|7,288| ## |Equipment||| |---|---|---| ||31.03.22|31.03.21| ||E|P| |Within one year|2,311|3,733| |Between one and five years|1,573|2,595| ||3,884|6,328| ## ## ## |||||31.03.22|31.03.22|31.03.21| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|funds|Total
funds| |||funds|funds|||| |||E|E||E|E| |Fixed assets||2,103,027|||2,103,027|2,242,797| |Investments||160,000|||160,000|| |Current|assets|1,135,259|3,498||1,138,757|1,382,733| |Current|liabilities|(773,199)|||(773,199)|(901,390)| |Long term liabilities||(436,477)|||(436,477)|(569,906)| |Pension|asset / (liability)|~132,000)||~132,000)||~1,065,000)| |||2,056,610|3,498|2,060,108||1,089,234| |nalysis|ofnet assets between fun|ds —previous
year|||||| |---|---|---|---|---|---|---|---| ||||||31.03.21||31.03.20| |||Unrestricted|Restricted|Total|funds|Total|funds| |||funds|funds||||| ||||P||E||| |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||(569,906)|||(569,906)||(113,295)| |Pension|asset / (liability)|~1,065,000)||~1,065,000)|||122,000| |||528,364|560,870|1,089,234||2,916,708|| ## ## ## ||||At the start|Incoming|Outgoing|Transfers|At the end of| |---|---|---|---|---|---|---|---| ||||ofthe year|resources|resources|and gains|the year| ||||E|E|F|F|E| |Restricted funds:|||||||| |Leisure Centre|||560,870|477,614|(966,525)|(68,461)|3,498| |Total restricted|funds||560,870|477,614|966,525|68,461|3,498| |Unrestricted|funds:||||||| |Designated
funds|||||||| |General funds|ofTCL||1,591,295|4,048,031|(3,356,079)|(96,705)|2,186,542| |General funds|ofTCL Trading||2,068|131,777|296,943|165,166|2,068| |Total general|funds||1,593,363|4,179,808|3,653,022|68,461|2,188,610| |Pension
fund|||(1,065,000)||(123,000)|1,056,000|(132,000)| |Total unrestricted
funds|||528,363|4,179,808|3,776,022|1,124,461|2,056,610| |Total funds including||pension|||||| |fund|||1,089,233|4,657,422|4,742,547|1,056,000|2,060,108| ## ||||At the start|Incoming|Outgoing|Transfers|At the end of| |---|---|---|---|---|---|---|---| ||||ofthe year|resources|resources|and gains|the year| ||||E||E|E|P| |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|ofTCL||2,783,832|885,089|(2,077,626)||1,591,295| |General funds|ofTCL 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|||2,916,708|2,717,745|3,989,220|556,000|1,089,233| ## ## ## ## ## ## |The am|ounts
recognised|in|the balance s|heet are as|follows:||| |---|---|---|---|---|---|---|---| |||||||Defined benefit|pension
plans| |||||||31.03.22|31.03.21| |||||||E|E| |Present|value offunded|obligations||||(8,758,000)|(9,084,000)| |Fair value of plan assets||||||8,626,000|8,019,000| |||||||~132,000)|~1,065,000)| |Surplus|/ (Deficit)|||||~132,000)|~1,065,000)| |Asset /|(Liability)|||||~132,000)|~1,065,000)| |The amounts
recognised||in|the statement|offinancial|activities are as follows:||| |||||||Defined benefit|pension
plans| |||||||31.03.22|31.03.21| ||||||||E| |Current|service cost|||||195,000|706,000| |Net interest from net defined|||benefit asset/liability|||21,000|5,000| |||||||4,000|3,000| |Actual|return on plan assets|||||220,000|714,000| ## ## |||||Defined benefit|pension
plans| |---|---|---|---|---|---| |||||31.03.22|31.03.21| ||||||E| |Opening
defined|benefit|obligation||9,084,000|3,751,000| |Current service cost||||195,000|109,000| |Past service cost|||||| |Contributions
by|scheme|participants||30,000|25,000| |Interest cost||||184,000|142,000| |Liabilities assumed
(extinguished)|||on settlements||3,130,000| |Actuarial
losses/(gains)||||(466,000)|2,056,000| |Change
in demographic
Benefits paid||assumptions||~269,000)|(75,000)
~54,000)| |||||8,758,000|9,084,000| |||||||Defined benefit|pension
plans| |---|---|---|---|---|---|---|---| |||||||31.03.22|31.03.21| |||||||E|E| |Opening
fair|value ofscheme assets|||||8,019,000|3,873,000| |Interest on assets||||||163,000|137,000| |Administration|expenses|||||(4,000)|(3,000)| |Contributions|by employer|||||97,000|83,000| |Contributions|by scheme|participants||||30,000|25,000| |Expected return||||||590,000|1,425,000| |Settlement
prices received (paid)
Benefits paid||||||~269,000)|2,533,000
~54,000)| |||||||8,626,000|8,019,000| |The amounts|recognised|in other recognised||gains and|losses are as follows:||| |||||||Defined benefit|pension
plans| |||||||31.03,22|31.03.21| |||||||E|E| |Actuarial
(gains)/losses||from changes|in demographic||assumptions||(75,000)| |Actuarial
gains/(losses)||||||(466,000)|(2,056,000)| |||||||(466,000)|(2,131,000)| ## ## ||||||||||||Defined benefit|Defined benefit|pension| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||plans|| ||||||||||||31.03.22||31.03.21| |Equities||||||||||||60%|63%| |Gilts||||||||||||2%|3%| |Other bonds||||||||||||4%|5%| |Property||||||||||||8%|7%| |Cash||||||||||||3%|3%| |Other managed
funds||||||||||||12%|8%| |Alternative||assets||||||||||10%|11%| |Asset breakdown||||||||||||31.03.22|31.03.21| |||||||||||||EOOOs|f.000s| |Equities||||||||||||5,179|5,073| |Gilts||||||||||||206|204| |Other bonds||||||||||||378|390| |Property||||||||||||707|565| |Cash||||||||||||219|202| |Other managed
funds||||||||||||1,066|663| |Alternative||assets||||||||||871|922| |||||||||||||8,626|8,019| |Projected||employer
contributions|||for the year ending 31 March 2023 are|||||299,000.|||| |Principal|actuarial||assumptions||at the balance||sheet date||(expressed as|weighted|averages)||| |||||||||||||31.3.22|31.3.21| |Discount||rate||||||||||2.60%|2.05%| |Future salary increases||||||||||||2.00%|2.00%| |Future pension increases||||||||||||3.15%|2.80%| |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+/-1 year age||||||||rating adjustment||to the mortality||assumption:|| ||||||||||||E|P|E| |Adjustment
to discount rate||||||||||+0.1%||0,0%|-0.1%| |||Present|value oftotal||obligation|||||8,550,000||8,758,000|8,971,000| |||Projected service cost||||||||180,000||186,000|193,000| |||||||||||+0.1%||0.0%|-0.1%| |Adjustment
to long term salary|||||increase||||||||| |||Present|value oftotal||obligation|||||8,772,000||8,758,000|8,744,000| |||Projected service cost||||||||186,000||186,000|186,000| |||||||||||+0.1%||0.0%|-0.1%| |Adjustment
to|||pension|increases||and|deferred||||||| |revaluation|||||||||||||| |||Present|value oftotal||obligation|||||8,956,000||8,758,000|8,565,000| |||Projected service cost||||||||192,000||186,000|180,000| |Adjustment
to life expectancy|||||assumptions|||||+1 year||None|-1 year| |||Present|value oftotal||obligation|||||9,112,000||8,758,000|8,418,000| |||Projected service cost||||||||194,000||186,000|179,000| ||||||||Page|)50|||||| ## ## ## ## ## ##