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|||||Page|
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe|Trustees|||2 to 20|
|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|
##
|||REFERENCE AND|ADMINISTRATIVE
DETAILS|ADMINISTRATIVE
DETAILS||||||
|---|---|---|---|---|---|---|---|---|---|
|||FOR THE YEAR|ENDED 31 MARCH
2023|||||||
|TRUSTEES|||Tunde Ojetola (Chair)|||||||
||||Wayne Warner (Resigned||22/1 2/2022)|||||
||||Jatinder
Nahal (Vice Chair)|||||||
||||Barry Norrington|||||||
||||Dr James Watson|||||||
||||Juan Rangel (Resigned|08/08/2023)||||||
||||Kameel Mohammed|||||||
||||Lynn Worrall (Resigned|12/08/2022)||||||
||||Mark Coxshall
(Appointed||14/03/2023- Resigned|||||
||||26/05/2023)|||||||
||||Andrew Jefferies (Appointed||||27/09/2022 —Resigned|||
||||13/07/2023)|||||||
||||Patrick Cole (Appointed|13/07/2023)||||||
||||Joanne Wintour
(Appointed|||30/01/2023)||||
||||James Thandi
(Appointed||13/06/2023)|||||
||||Joy Redsell (Appointed|13/07/2023)||||||
||||Daphine
Zameziza
Longe||(Appointed||||01/08/2023)|
|COMPANY|SECRETARY||Kay Volk|||||||
|MANAGING|DIRECTOR||Karl Hayes|||||||
|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||
||||Kent Science Park, Building|||1063||||
||||Comforth
Drive, Sittingboume,||||Kent|||
||||ME9 8PX|||||||
|BANKERS|||National
Westminster
Bank|||PLC||||
||||17 High Street, Grays|||||||
||||Essex, RM17 6NP|||||||
|SOLICITORS|||Winckworth
Sherwood|||||||
||||Minerva
House,|||||||
||||5 Montague
Close|||||||
||||LONDON, SE19BB|||||||
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||||||||31.03.23|||31.03.22|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||Unrestricted|Restricted||
||||||funds|funds|Total funds|funds|funds|Total funds|
||||Notes|||E|||E||
|Donation
Income|||||||||51,429|51,429|
|Charitable
activities|||||||||||
|Leisure Centres|||||4,492,494|l80,497|4,672,991|3,785,541|426,185|4,211,726|
|Civic Hall|||||393,028||393,028|79,098||79,098|
|Office and Cottage|Rent||||25,740||25,740|26,090||26,090|
|Other trading
activities|||||152,358||152,358|131,777||131,777|
|Investments|||||12,116||12,116|302||302|
|Total income|||||5,075,736|180,497|5,256,233|4,022,&08|477,614|4,500,422|
|EXPENDITURE|||||||||||
|Raising funds|||||8,671||8,671|80,460||80,460|
|Charitable
activities|||||||||||
|Leisure Centres|||||4,598,583|183,995|4,782,578|2,966,281|966,525|3,932,806|
|Civic Hall|||||362,738||362,73&|263,182||263,182|
|Office and Cottage|Rent||||8,671||8,671|12,156||12,156|
|Trading activities|||||351,656||351,656|296,943||296,943|
||||||5,330,319|183,995|5,514,314||||
|Total resources expended||||||||3,619022|966,525|4,585,547|
|Net income/(expenditure)||for the year|||||||||
|before other recognised||gains and losses|||(254,583)|(3,498)|(258,081)|403,786|(488,911)|(85,125)|
|Transfers between funds|||20|||||68,461|(68,461)||
|Actuarial
gains/(losses)|on|defined|||||||||
|benefit pension scheme|||21||2,871,000||2,871,000|1,056,000||1,056,000|
|Net movement
in funds|||||2,616,417|(3,498)|2,612,919|1,528,247|(557,372)|970,875|
|RECONCIUATION
OF|FUNDS||||||||||
|Total funds brought
forward|||20||2,056,610|3,498|2,060,108|528,363|560,870|1,089,233|
|TOTAL FUNDS CARRtED|||||||||||
|FORWARD|||20||4,673,027||4,673,027|2,056,610|3,498|2,060,108|
|CONTINUING
OPERATIONS|||||||||||
|All income and expenditure
has arisen from continuing||||activities.|||||||
##
|||||The|Group|The Charitable|Company|
|---|---|---|---|---|---|---|---|
|||||31.03.23|31.03.22|31.03.23|31.03.22|
|RXEDASSETS||||||||
|Tangible assets|||11|1,889,869|2,103,027|1,874,825|2,077,495|
|investments|||12|||10,000|10,000|
|||||1,889,869|2,103,027|1,884,825|2,087,495|
|CURRENT ASSETS||||||||
|Stocks|||14|54,831|54,559|48,994|49,839|
|Debtors|||15|140,430|87,504|170,935|175,086|
|ln vestments|||16|560,752|160,000|560,752|160,000|
|Short term deposits||||200,000|732,766|200,000|732,766|
|Cash at bank and in hand||||221,939|263,928|200,618|161,848|
|||||1,177,952|1,298,757|l,181,299|1,279,539|
|CREDITORS||||||||
|Amounts
due &1 year|||17|~730,175|~773199|~732,233|~746 384|
|NET CURRENT ASSETS||||447,777|525558|449,016|533155|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||2,337,646|2,628,585|2,333,841|2,620,650|
|CREDITORS||||||||
|Amounts
due &1 year|||18|(332,619)|(436,477)|(320,884)|(430,610)|
|NET ASSETS EXCLUDING||PENSION LIABILITY||2,015,027|2,192,108|2,012,957|2,190,040|
|PENSION ASSETi(LIABf|ITY)||22|2,658,000|(132,000)|2,658,000|(132,000)|
|TOTAL NET ASSETS||||4,673,027|2,060,108|4,670,957|2,058,040|
|FUNDS|||21|||||
|Restricted funds||||||||
|Unrestncted
funds:||||||||
|Designated|funds|||||||
|General funds||||2,015,027|2,188,610|2,012,957|2,186,542|
|Non charitable||trading funds||||||
|Pension reserve||||2658 000|~132000|2 658 000|~132000|
|Total unrestricted
funds||||4,673,027|2,056,610|4,670,957|2,054,542|
|TOTAL FUNDS||||4,673,027|2,060,108|4,670957|2,058,040|
##
##
||||31.03.23|31.03.22|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating
activities|||(87,823)|723,594|
|Cash flows from investing
activities|||||
|Dividends,
interest and rent from investments|||12,116|302|
|Purchase ofinvestment|||(400,752)|(160,000)|
|Purchase oftangible
Axed assets (including|HP)|||(86,523)|
|Cash used on investing
activities||||(246,221)|
|Cash flows from financing
activihes|||||
|Repayment
ofborrowing
including
HP|||(98,296)|(87,194)|
|Cash used in fmancing
activitjes|||(98,296)|(87,194)|
|Increase I(decrease)
in cash and cash
equivalents
in the year|||(574,755)|390,179|
|Cash and cash equivalents
at the beginning|ofthe year||996,694|606,515|
|Total cash and cash equivalents
atthe end ofthe
year|||421,939||
##
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##
||||31.03,23||
|---|---|---|---|---|
|Net incoming
resources before other recognised gains
and losses|||{258,081)|(85,125)|
|Depreciation
charges|||213,158|226,291|
|Actuanal
pension scheme charges|||81,000|123,000|
|Dividends,
interest and rent from investments|||(12,116)|{302)|
|{Increase) /decrease|in stocks||(272)|(13,188)|
|(Increase) / decrease|in debtors||(52,926)|647,343|
|Increase
/ (decrease)|in creditors||{58,586)|(174,425)|
|Net cash inflow from operating||activities|(87,823)|723,594|
|ANALYSIS OF CASH AND CASH aueALENTS|||||
||||31.03.23|31.03.22|
|Short term deposits|||200,000|732,766|
|Cash at bank and in hand|||221,939|263,928|
|Total cash and cash|equivalents||421,939||
|ANALYSIS OF CHANGES INNET FUNDS|||||
|||At 1.4.22|Cash Row|At 31.323|
|Net Cash|||||
|Cash at bank||996,694|(574,755)|421,939|
|Debt|||||
|Finance Leases||{61,591)|35,996|(25,595)|
|Debts
failing
due||(119,007)|(2,352)|(121,359)|
|within one year|||||
|Debts
faiiing
due||(387,271)||(322,619)|
|after one year|||||
|Total||428,825|(476,459)|(47,634)|
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||||||||31.03.23|31.03.22|
|---|---|---|---|---|---|---|---|---|
||||||Restncted||Total||
|||||||f|||
||Donation
Income|||||||51,429|
||The Group received fnfl (2G22:f51,429)ofgrant funding|||from the government's||Coronavirus|Job Retention|Scheme (CJRS).|
|3.|N4COIIIE FROM CHARITABLE ACTMTKS||||||||
||||||||31.03.23|31.03.22|
||||||||Total|Total|
||||||||F||
||Funding
Income|||||||236,368|
||Leisure centres income||4,492,494||180,497||4,672,991|3,975,358|
||Sub-total for leisure centres||4,492,494||180,497||4,672,991|4,211,726|
||Civic Hall income|||393,028|||393,028|79,098|
||Sub-total for Civic HaN|||393,028||||79,098|
||Ofhce and cottage rent|||25,740||||26,090|
||Total income from charitable||activities||180,497||5,091,759|4,316,914|
|4.|INCOIIE FROM OTHER|TRADING ACTAHTKS|||||||
||||||||3'f.03.23|31.03.22|
|||||||||Total|
||Golf club, shop and bar|||152,358|||152,358|131,777|
|||||152,358|||152,358|131,777|
||||||||31.03.23|31.0322|
||||||Restricted||Totaf|Total|
||||||||E||
||Sofar panel investment|Income|||||||
||Interest receivable|||12,116|||12,116||
|||||12,116|||12,116||
##
##
##
||||||||||31.03.23|31.03.22||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted||Total|Total||
||||||||F|f.|F|||
|Staff costs||||||183,820|||183,820|160,369||
|Other trading costs||||||'I67,836|||'l67,836|136,574||
|||||||351,656|||351,656|296,943||
|NALYSIS|OF EXPENDITURE|||||||||||
||||||Charitable
activities|||||31.03.23|31.03.22|
|||||Cost of|||0%ca and|||||
|||||raising|Leis
ure||cottage|Governance|Support|||
|||||funds|centr
es|Civic hall|rent|costs|Costs|Total|Total|
||||||F|F|||F|F|'Z|
||||||1,891,952|102,247|||511,986|2,506,185|2,255,282|
|Promotion|and publicity||||92,310|45,154||||137,464|68,304|
|Premises costs|||||1,192,567|44,646|||202,670|1,439,883|1,054,085|
|Purchases|for resale||||162,352|56,991||||219,343|226,912|
|Office administration|||costs||151,003|17,922|||632,594|801,519|657,056|
|Audit and accountancy||||||||21,944||21,944|8,814|
|Legal and|professional||||||||36,320|36,320|18,151|
||||||3,490,184|266,960||21,944|1,383,570|5,162,658|4288604|
|||||8,452|1,272,644|94,022|8,452||(1,383,570)|||
|Governance|costs|||219|19,750|1,756|219|(21,944)||||
|Total expenditure||2023||8,671|4,782,578|362,738|8,671|||5,194,738||
|Total expenditure||2022||80,460|3,932,806|263,182|12,'156||||4,288,604|
##
##
##
##
||31.03.23|31.03.22|
|---|---|---|
|Depreciation|213,158|228,291|
|interest payable|38,014|989|
|Opera5ng lease rentals|21,019|5,519|
|Auditors'
remunerahon|||
|—Audit fee (parent)|11,085|8,314|
|—Other services (parent)|615|500|
|-Audit fee (subsidiary)|4,320|3,592|
|-Other senses|300|250|
||16,326|12,656|
##
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##
|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||31.03.23|31.03.22|
|||||||E|F.|
|Wages and salaries||||||2,287,945|2,018,072|
|Social security costs||||||152,458|130,103|
|Employer's
contribution||to defined|contribution||pension schemes|143,602|144,476|
|Employer's
contribution||to defined|benefit|pension schemes||99,000|98,000|
|Operafing cost ofdefined benefit|||pension schemes|||7,000|25,000|
|||||||2,690,005|2,415,651|
|The average monthly|number ofemployees|||during the year was as follows:||||
|||||||31.03.23|31.03.22|
|Leisure centres||||||133|130|
|Civic hatt||||||12|2|
|Other trading
activities||||||9||
|SMT||||||4|4|
|Support||||||6||
||||||||147|
||31.03.23|31.03.22|
|---|---|---|
|F60,001 - f70,000|2|3|
|F70,001 - f80,000||1|
|F80,001 - F90,000|||
|F90,001 - F100,000|||
|F100,000-f110,000|||
|f110,000-f120,000|||
##
##
##
||Improvements|||
|---|---|---|---|
||to hasehotd||Totals|
||property|||
|COST||||
|At 1 April 2022|4,780,003|988,280|5,768,283|
|Additions||||
|Disposals||||
|At 31 March 2023|4,780,003|988,280|5,768,283|
|DEPRECIATION||||
|At 1 April 2022|2,733,619|931,637|3,665,256|
|Charge hr year|174,468|38,690|213,158|
|Disposal||||
|At 31 March 2023|2,908,087|970,327|3,878,414|
|NETKXN VALUE||||
|At 31 March 2023|1,871,916|17,953|1,889,869|
|At 31 March 2022|2,046,384|56,643|2,103,027|
|Fixed assets, induded|in the above, which are held under hire purchase contrads orImance leases are as toIows:|
|---|---|
|The Group|Plant and|
||machinery|
|COST||
|At 1 April 2022|189,020|
|AddIons
Transfer to ownership|~7,080|
|At 31 March 2023|181,940|
|DEPRECIATION||
|At 1 April 2022|132,377|
|Charge for year
Transfer to ownership|38,690
~7,08D|
|At 31 March 2023|163,987|
|NET SOOK VALUE||
|At 31 March 2023|17,953|
|At 31 March 2022|56,643|
##
##
##
|TANGIBLE FIEDASSETS —continued|TANGIBLE FIEDASSETS —continued||||
|---|---|---|---|---|
|The Charitable
Company||Improvements|Plant and||
|||to leasehold|Machinery|Totals|
|||property|||
|||'Z|Z||
|COST|||||
|At 1 April 2022||4,633,886|860,189|5,494,075|
|Additions|||||
|Disposals|||||
|At 31 March 2023||4,633,886|860,189|5,494,075|
|DEPRECIATION|||||
|At 1 April 2022||2,601,648|814,932|3,416,580|
|Charge for year||1?1,023|31,647|202,670|
|Disposals|||||
|At 31 March 2023||2,772,671|846,579|3,619,250|
|NET BOOK VALUE|||||
|At 31 March 2023||1,861,215|13,610|1,874,825|
|At 31 March 2022||2,032,238|45,257|2,077,495|
|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|
|||||F|
|COST|||||
|At 1 April 2022||||163,323|
|Additions|||||
|Transfer to ownership|||||
|At 31 March 2023||||163,323|
|DEPRECIATION|||||
|At 1 April 2022||||118,066|
|Charge for year||||31,647|
|Transfer to ownership|||||
|At 31 March 2023||||149,7'l2|
|NET BOOK VALUE|||||
|At 31 March 2023||||13,610|
|At 31 March 2022||||45,257|
##
##
##
|The Charitable
ComPanY|Shares in||
|---|---|---|
||group||
||Undertakings||
|COST|||
|At 1 April 2022||10,000|
|Disposats|||
|At 31 March 2023|10,000|10,000|
|AIIORTISATION|||
|At 1 Apttl 2022|||
|Eliminated
on disposal|||
|At 31March 2023|||
|NET BOOKVALUE|||
|At 31 March 2023|10,000|10,000|
|At 31 March 2022|10,000|10,000|
##
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||||The|group||The charitable|company|
|---|---|---|---|---|---|---|---|
||||31.03.23||31.03.22|31.03.23|31.03.22|
||||F|||F||
||||54,831||54,559|48,994|49,839|
||||Thegroup|||The charitabl|company|
||||31.03.23||31.03.22|31.03.23|31.03.22|
|Amounts|falling due within one year:||F|||F||
|Other debtors|||3,528|||1,530||
|Trade debtors|||73,742||47,671|73,740|47,200|
|Amounts|due|from oker group members||||32,715|88,328|
|Prepayments||and accrued income|63,160||39,833|62,950|39,558|
|Taxation||||||||
||||140,430||87,504|170,935|175,086|
|URRENT|ASSET INVESTlNENTS|||||||
||||The|group||The charitable|company|
||||31.03.23||31.03.22|31.03.23|31.03.22|
|Analysis|ofcurrent asset investments:||||F|F|E|
|Cash or|cash|equivalents|560,752||160,000|560,752|160,000|
||||560,752||160,000|560,752|160,000|
|REDITO|RS: AMOUNTS FALLING DUE IIITHIN ONE YEAR|||||||
||||The|group||The charitable|company|
||||31.03.23||31.03.22|31.03.23|31.03.22|
||||F||E||F|
|Trade creditors|||215,181||258,801|199,893|258,511|
|Loans|||121,359||92,418|121,359|92,418|
|Accruats|and|deferred income|303,171||287,536|291,558|266,744|
|VAT payable|||9,375||8,531|9,243|9,628|
|Lease liability|||25,595||38,974|21,623|32,644|
|Social Security and other taxes|||33,116||66,054|33,116|66,054|
|CNher crm@ors|||22,378||20,885|22,378|20,385|
|Amounts|due|to other group members||||33,113||
||||730,175||7731gg|732,283|746384|
##
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||The group||The charitable|company|
|---|---|---|---|---|
||31.03.23|31.03.22|31.03.23|31.03.22|
|||f|E|E|
|Lease liabilities due 2 —5years|1,735|22,617||'i6,750|
|Loan liabilities due 2- 5years|320,884|413,860|320,884|413,860|
||322,619|436,477|320,884|430,610|
##
##
|Equipment|||
|---|---|---|
||31.03.23|31.03.22|
||E|f|
|Within one year|7,581|3,241|
|Between one and five years|8,360|1,573|
||15,941|4,814|
||31.03.23|31.03.22|
||F||
|Nthin one year|54,250||
|Between one and five years|316,458||
||370,?08||
##
##
|Equipment|||||
|---|---|---|---|---|
||||31.03.23|31.03.22|
|N)r&in one year|||7,581|3,241|
|Betemn one and fle years|||8,360|1,573|
|||||4,814|
||||31.03.23|31.03.22|
|||||f|
|Within one year|||54,250||
|Between one and five years|||316,458||
||||370708,||
|ANALYStS OFNET ASSETSBETWEHI FUNDS|||||
||||31.03.23|31.03.22|
||Unrestncted|Restricted|Total
funds|Total
lunds|
||funds|funds|||
|Fixed assets|1,889,869||1,889,869|2,103,027|
|Investments|560,752||560,752|160,000|
|Cunent assets|617,200||6'l7,200|1,138,757|
|Current
liabilities|(730,175)||(730,175)|(773,199)|
|Long term liabilities|(322,619)||(322,619)|{436,477)|
|Pension asset I(liabihty)|2,658,000||2,658,000|~132,000|
||4,673,027||4,673,027|2,060,108|
|Analysis ofnet assets between funds —previous year|||||
||||31.03.22|31.03.21|
||Unrestricted|Restricted|Total
funds|To@i
funds|
||funds|funds|||
|Fixed assets|2,103,027||2,103,027|2,242,797|
|Investments|160,000||'f60,000||
|Current assets|1,135,259|3,498|1,138,757|1,382,733|
|Current Iiabities|(773,199)||{773,199)|(901,390)|
|Long term liabilities|(436,477)||(436,477)|(569,906)|
|Pension asset I(Iability)|~132,000)||~132,II00)|~I,065,0lm)|
||2,056,610|3,498|2,060,108|1,089,234|
##
##
##
##
||||At the start|Incoming|Outgoing|Transfers|AtSeend of|
|---|---|---|---|---|---|---|---|
||||ofthe year|resources|resources|and gains|the year|
||||f||f|||
|Restricted funds:||||||||
|Leisure Centre|||3,498|180,497|(183,995)|||
|Total restricted funds|||3,498|180,497|183,995|||
|Designated
funds||||||||
|General funds ofTCL|||2,186,542|4,922,978|(4,931,492)|(165,069)|2,012,959|
|General funds ofTCL Trading|||2,068|184,838|349,907|165,069|2,068|
|Total general funds|||2,188,610|5,10?,816|5,281,399||2,015,027|
|Pension fund|||(132,000)||(81,000)|2,871,000|2,658,000|
|Total unrestricted|funds||2,056,610|5,107,816|5,362,399|2,871,000|4,673,027|
|Total funds including||pension||||||
|fund|||2,060,108|5,288,313|5,546,394|2,871,000|4,673,027|
|||At the start|Incoming|Outgoing||Transfers|At|the end of|
|---|---|---|---|---|---|---|---|---|
|||ofthe year|resources|resources||and gains||the year|
|||||E||||E|
|Restricted funds:|||||||||
|Leisure Cenbe||560,870|477,614|(966,525)||(68,461)|||
|Total resbicted funds||560,8?0|477,614|966,525||68,461||3,498|
|Unrestricted
funds:|||||||||
|Designated
funds|||||||||
|General funds efTCL||1-,5&4,295|+Q48;031|(3:,366;NS)|— —|(96;706)|—|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 unresbicted
funds||528,363|4,179,808|3,776,022||1,124,461||2,056,610|
|Total funds including|pension||||||||
|fund||1,089,233|4,65'7,422|4,742,547||1,056,000||2,060,108|
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|The am|ounts
recognised|in the balance s|heet are as|follows:|||
|---|---|---|---|---|---|---|
||||||Defined benefit|pension
plans|
||||||31.03.23|31.03.22|
|Present|value offunded|obligations|||(4,056,000)|(8,756,000)|
|Fair value ofplan assets|||||6,714,000|8,626,000|
||||||2,658,000|~132,000)|
|Surplus|/ (Deficit)||||2,658,00D|~132,000)|
|Asset /|(LiaMity)||||2,658,000|~132,000)|
|The amounts
recognised||in the statement|offinancial|activities are as follows:|||
||||||Defined benefit|pension plans|
||||||31.03.23|31.03.22|
|Current|service cost||||173,000|195,000|
|Net interest from net delined benefit asseNiabitity|||||2,000|21,000|
|Administration
expenses|||||5,000|4,069000|
|Actual|return on plan assets|||||220,000|
##
##
||||Defined benefit|pension
plans|
|---|---|---|---|---|
||||31.03.23|31.03.22|
||||'Z|E|
|Opening
defined benefit|obfigabon||8,758,000|9,084,000|
|Current service cost|||173,000|195,000|
|Past service cost|||||
|Contributions
by scheme|participants||31,000|30,000|
|Interest cost|||226,000|184,m|
|LiabiTNes assumed
(extinguished)||on settlements|||
|Actuarial
losses/(gains)|||(4,845,000)|(466,000)|
|Change
in demographic|assumptions||(147,000)||
|Benefits paid|||~140,000)|~269,000)|
||||4,056,000|8,758,000|
||||||||Defined benefit|pension
plans|
|---|---|---|---|---|---|---|---|---|
||||||||31.03.23|31.03.22|
||||||||F||
|Opening
fair|value ofscheme assets||||||8,626,000|8,019,000|
|Interest on assets|||||||224,000|163,000|
|Administration|expenses||||||(5,000)|(4,000)|
|Contributions|by employer||||||99,000|97,000|
|Contributions|by scheme||participants||||31,000|30,000|
|Expected return|||||||(194,000)|590,000|
|Other actuarial gains/(losses)|||||||(1,927,000)||
|Benefits paid|||||||~140,000)|~269,DIN)|
||||||||6,714,000|8,626,000|
|The amounts|recognised||in other recognised||gains and|losses are as follows:|||
||||||||Defined benefit|pension
plans|
||||||||31.03.23|31.03.22|
||||||||f.|E|
|Actuarial gains/(losses)||from changes||in demographic||assumptions|147,000||
|Actuarial
gains/(losses)|||||||4,845,000|466,000|
||||||||4,992,000|466,000|
##
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##
||||||||||||||plans||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||31.0323||31.0322|
|Equities|||||||||||||58%|60%|
|Gilts|||||||||||||1'/|2%|
|Other bonds|||||||||||||0%|4%|
|Property|||||||||||||8%|8%|
|Cash|||||||||||||3%|3%|
|Other managed|||funds||||||||||14%|10%|
|Alternative|assets||||||||||||16%|12%|
||||||||||||||31.03.23|31.03.22|
||||||||||||||NOOs|FOOOs|
|Equities|||||||||||||3,868|5,179|
|Gilts|||||||||||||98|206|
|Other bonds||||||||||||||378|
|Roperty|||||||||||||550|707|
|Cash|||||||||||||216|219|
|Other managed|||funds||||||||||919|871|
|Alternative|assets||||||||||||1,063|1,066|
||||||||||||||6,714||
|Projected|employer contnbutions|||||forthe year ending 31March 2024 are||||L'105,000.|||||
|Principal|actuarial|||assumptions||at the balance||sheet date|(expressed as|weighted|averages)||||
||||||||||||||31.3.23|31.3.22|
|Discount|rate||||||||||||4,80%|2.60%|
|Future salary||increases|||||||||||4.00%|2.00%|
|Future pension|||increases||||||||||2.90o/o|3.15'/o|
|The folhwing||table||sets out the||impact ofa|small change||in the discount|rates on|the|de5ned benet||obligallon|
|and projected||service cost along||||with a+I-1 year age rating adjustment||||tothe mortNty|||assumption:||
|Adjustment||to|discount rate|||||||+0.1%|||0.0%|-01%|
||Present|||value oftotal||obligation||||3,980,000|||4,056,000|4,134,000|
||Projected service cost|||||||||83,000|||85,000|87,000|
|||||||||||+0.1%|||0.0%|-0.1'/o|
|Adjustment||to|long term salary|||increase|||||||||
||Present|||value oftotal||obligation||||4,065,000|||4,056,000|4,047,000|
||Projected service cost|||||||||85,000|||85,000|85,000|
|||||||||||+0.1'/o|||0.0o/o|-0.1%|
|Adjustment|||to|pension|increases||and|deferred|||||||
|revaluation|||||||||||||||
||Present|||value oftotal||obligation||||4,126,000|||4,056,000|3,998,000|
||Projeded service cost|||||||||87,000|||85,000|83,000|
|Adjustment||to|iife expectancy|||assumptions||||+1 year||||-1 year|
||Present|||value oftotal||obligation||||4,188,000|||4,056,000|3,928,000|
||Projected service cost|||||||||88,000|||85,000|82,000|
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