## |||||Page| |---|---|---|---|---| |Legal and administrative||information||1 —2| |Report ofthe Governors||||3 —3f| |Report ofthe independent||auditor||32-35| |Consolidated
statement|offinancial||activities|36 —39| |Balance sheets||||40-41| |Consolidated
cash flow statement||||42| |Notes to the consolidated||financial statements||43-65| ## |Charity number:|Charity number:|Charity number:|1088030|||||| |---|---|---|---|---|---|---|---|---| |Company|number:||4238902|||||| |Address:|||King Edward|V!|School|||| ||||Nlilton Road|||||| ||||Southampton|||||| ||||Hampshire|||||| ||||SO15 5UQ|||||| ||||Telephone:||023 80704561|||| ||||Email:||bursar||k|.h nts.sch.uk| ||||Website:||http:i/www. kes.hanor.sch.uk|||| |Professional||advisors:||||||| |Auditors:|||Fiander Tovell Limited|||||| ||||Chartered
Accountants|||||| ||||Registered
Auditors|||||| ||||Stag Gates House|||||| ||||63/64 The Avenue|||||| ||||Southampton|||||| ||||SO171XS|||||| |Bankers:|||National
Westminster||||Bank|pic| ||||68 Above Bar Street|||||| ||||Southampton|||||| ||||SO142DS|||||| |Investment||advisom:|Evelyn Partners|||||| ||||4e Floor|||||| ||||Portwall
Place|||||| ||||Porlwall
Lane|||||| ||||Bristol|||||| ||||BS16NA|||||| |Solicitors:|||Veale Wasbrough|||Vizards||| ||||Narrow Quay|House||||| ||||Narrow Quay|||||| ||||Bristol|||||| ||||BS14QA|||||| ||||Paris Smith|||||| ||||Number
One|||||| ||||London Road|||||| ||||Southampton|||||| ||||SO15 2AE|||||| |Insurance|brokers:||Marsh Brokers Limited|||||| ||||Capital Mouse
1-6 Perrymount||Road|||| ||||Haywards
Heath|||||| ||||RH16 3SY|||||| |Architects:|||Morse Webb|||||| ||||The Byre, Lantern|||Courtyard||| ||||The Street|||||| ||||Bramley|||||| ||||Berkshire|||||| ||||RG26 5DE|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||0 N
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N00| ## ## |||||||Notes|Notes|2023|2022| |---|---|---|---|---|---|---|---|---|---| |Fixed assets|||||||||| |Tangible assets||||||14||32,083,759|30.728,454| |Investm enle||||||15||14,222,468|10,309,727| |||||||||46,306,227|41,038,181| |Current Assets|||||||||| |Debtors||||||16||760,193|498,101| |Cash at bank and||in|hand|||||901,009|4,982,880| |||||||||1,6$1,202|5,480,981| |Creditors: amounts|||falling due within||one year|17||(2,493,$32)|(2,377,560)| |Net current assets||||||||(832,730)|3,103,421| |Total assets less||current liabilities||||||45473,497|44,141,602| |Creditors: amounts|||falling due after||more||||| |than one year||||||18||(202,642)|(215,346)| |Self-6nsncing|activities'|||net assets||||8,845|105,363| |Net assets||||||||45,279,700|44,031,619| |Funds|||||||||| |Endowed
funds||||||21||3,448,226|3,469,945| |Restricted funds||||||22||4,206,297|4,208,661| |Designated
funds||||||23||30,078,554|28,873,942| |Revenue
fund:||||||24|||| |Revaluation|reserve|||||||263,256|263,258| |Other funds||||||||7,283,365|7,215,813| |||||||||7,546,623|7,479,071| |||||||||45,279,700|44,031,619| |The financial statements||||were approved|by the Governors||on|. .... (.. '.....,... ....,
()Ii&l&n|| |J
n|||||||||| |C
ro
ovemors|||||||||| ## |AS AT 31A|UG|US|T 2023||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |Fixed assets|||||||| |Tangible assets|||||14|23,898,074|22.487.136| |Investments|||||15|16,711,016|12,798,275| |||||||40,609,090|35,285,411| |Cunsnt Assets|||||||| |Debtors|||||16|7,901,008|6,767,808| |Cash at bank and in||hand||||776,888|4,761,322| |||||||8,678,276|11,529,128| |Creditors: amounts||falling due within||one year|17|(2,140,241)|(1,778,994)| |ftet current assets||||||6,538,035|9,750,134| |Total assets less current liabilities||||||47,147,126|45,035,545| |Creditors: amounts||falling due after||more|||| |than one year|||||18|(159,242)|(189,746)| |Self-ttnancing|activities'||net assets|||8,845|105,363| |Defined benefit|pension||scheme liabigty||25||| |Net assets||||||46,996,728|44,971,162| |Funds
Endowed funds|||||21|3~,226|3,459,945| |Resbiclsd funds|||||22|4,206,297|4,208,B61| |Designated
funds|||||23|30,078,654|28,873,942| |Revenue
fund|||||24|9,263,651|8,418,514| |||||||46,996,728|44,971,1B2| |The financial statements|||were app|7 the Governors||()JIZ/ZOM
on .... ....~..! . .r....|| ## ## |||||2023|2023|2022|| |---|---|---|---|---|---|---|---| |||||8||6|| |Cash generated
by operating
acfivitles|||||2,578,210||3,715,265| |Cash iowa from investing
activities|||||||| |Investment
income||||388,788||319,746|| |Payments
to acquire fixed asset investments|||(4,106,880)|||(1,274,872)|| |Proceeds from sale offixed asset investments||||143,541||161,693|| |Payments
to acquire tangible
fixed assets|||(3,085,530)|||(2,539,'/92)|| |Receipts from safe oftangible fixed assets||||||6,931|| |Cash generated
by/(used
in) investing|activities||||(e,eeo,os1)||(3,320,294)| |Cash used in financing
activities|||||||| |(Decrease) / Increase
In cash in the year
Cash and cash equivalents
atthe beginning||ofthe reporting||period|(4,081,871)
4,982,880||388,971
4,593,909| |Cash and cash equivalents
atthe end|ofthe|reporgng|period||901,009||4,982,860| |Reconciliation
of net income/(expenditure)|to net cash flow from|||operating|activities:||| |Net income/(expenditure)
for the reporting|period||||1,248,081||4,892,946| |Adjustments
for:|||||||| |Depreciation
charges|||||1,728,000||1,532,935| |Profit/loss
on disposal offixed assets|||||2,226||6,556| |Unreaiised
(gains)/losses
on investment|assets||||122723||541,505| |Realised (gains)/losses
on investment
assets|||||(72,125)||41,002| |Investment
income|||||(388,788)||(319,746)| |(Increase)/decrease
in debtors|||||(262,092)||(65,150)| |Increase/(decrease)
in creditors|||||103,667||757,701| |Net (gains)/losses
on pension schemes|||||145,000||(3,476,000)| |Employer contributions
to funded
defined|benefit pension||schemes||(145,000)||(140,000)| |Decrease/(increase)
in self financing
activities'||net assets|||96,518||(56,484)| |Net cash generated
by operating
activities|||||2,578,2'IO||3,715,265| ## ## ## ## ## ## ## ## ## ## ## ## ## |each ass|et over it|s expected||life as foll|ows:|| |---|---|---|---|---|---|---| |Freehold|buildings|||||Over 50years| |General|plant and|equipment||||Over 3to 10years| |Furniture,|fixtures|and fittings||||Over 3to 10years| |Motor vehicles||||||Over 4to 5years| |Computer|and audio-visual||equipment|||Over 3to 4years| |Sailing boats and||equipment||||Over 4years| |Portable|computer|equipment||including|laptops|Over 3years| ## ## ## ## ## ## ## ## ## ## ## |group financial s|tatements
as deta|iled below||| |---|---|---|---|---| ||||f|| ||||Stroud|KBL| |Turnover|||4,343,974|51,340| |Rent receivable|||2,255|| |Interest receivable|||2.896|| |Other operating|income||37,059|| |Operating
expenses|||(5,050,285)|(33,925)| |Interest payable|||(96,957)|| |Net profltl(loss)|before taxabon||(761,058)|17,415| |Taxation credit||||| |Net profitf(loss)|after taxation||(761,058)|17,415| |Conation to parent charity||||(33,293)| |Retained loss forthe year|||(761,058)|(15,878)| |At 31 August 2023,the aggregate||amount of net assets and reserves was as follows:||| |Fixed assets|||7,653,394|| |Current assets|||213,391|59,280| |Current
liabilities|||(7,606,571)|(36,865)| |Liabilities due in|more than one year||(43,400)|| ||||216,814|22,415| |Represented
by:||||| |Share capital|||5,945|5,000| |Revaluation
reserve|||263,258|| |Other reserves|||(52,389)|17,415| ||||218,814|22,415| ## |Fees||||| |---|---|---|---|---| ||||2023|2022| |(e) Fees consists of:||||| |Gross fees|||23,179,20'I|2'i,969,746| |Less: total bursaries,|grants and allowances||(2,199,587)|(1,839,651)| ||||20,979,614|20,130,095| |Add back: scholarships,||grants etc. paid from unrestncted,||| |restricted
and designated||funds|1,218,881|984,360| ||||22,1$8AIIS|21,114,455| |(b) The total grants,|awards and prizes paid for by Trust Funds consist of:|||| |(b) The total|gran|ts, awards and prizes paid for by Trust|Funds consi|st of:|| |---|---|---|---|---|---| |||||2023|2022| |Scholarships,|grants etc. paid from restricted and designated||funds|1,212,581|968,919| |Prizes and leaving||awards||6,300|15,441| |||||1,218,881|984,360| ## ## |5|Other income|||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||8|8| ||insurance
commission|||||||||2,162|1,412| ||Entrance and registration|||fees||||||21,275|22,975| ||Other school income|||||||||168,168|216,676| |||||||||||189,625|241,063| |8|Donations
and legacies|||||||||2023|2022| ||Unrestdctsd:||||||||||| ||Other||||||||||50,500| ||RestHcted:||||||||||| ||EPA Cephalosporin|Fund||||||||100,000|100,000| ||KES Foundation|||||||||32,070|11,888| ||Other|||||||||255|305| ||Endowed:||||||||||| ||Other|||||||||750|54,250| |||||||||||133,075|216,943| |7|Expenditure|||||||||2023|2022| |||||||||||E|8| ||Total expenditure|includes:|||||||||| ||Auditors'
remuneration:||||||||||| ||-Fees payable for the||audit of||the|parent and consolidated||accounts||18,216|16,560| ||Fees payable to the|charitable|||company's||auditor for other|services'|||| ||- Audfi ofthe charitable||company's|||subsidiaries||||10,218|9,282| ||-Taxation compliance|||||||||2,484|2,131| ||-Advisory and other|services||||||||8,664|5,435| ||Operating ieass rentals||||||||||| ||- Plant and machinery|||||||||11,830|6,270| ||- Land and buildings||||||||||| |8|Employees||||||||||| ||||||||||||2022| ||||||||||||6| ||Total staff costs:||||||||||| ||Wages snd salaries|||||||||11,365,773|10,984,066| ||Social security costs|||||||||1,167,314|'i,148,667| ||Pension contributions||—defined||contribution||and multiwmployer||defined||| ||benefit schemes|||||||||1,993,853|1,848,219| ||Operating
costs ofdelined|||benefit||pension|schemes|||162,000|331,000| |||||||||||14,688,740|14,311,952| ||Private medical insurance|||||||||65,750|32,300| |||||||||||14,754,490|14,344,252| ## ## ## |The average
monthly
number of|employees
in the year was:|||| |---|---|---|---|---| ||Total||Full time|equivalents| ||2023|2022|2023|2022| ||Number|Number|Number|Number| |Teaching|230|225|181|180| |Non-teaching|132|125|83|79| ||362|350|284|259| ||||2023|2022| ||||Number|Number| |Full time|||197|190| |Part time|||165|160| ||||362|350| |The number ofemployees
who had total employee
b
E60,000were:|enefits excluding
employer
pension
contributi|ons
above| |---|---|---| ||2023|2022| ||Number|Number| |E60,001 - E70,000|25|15| |E70,001 - E80,000|6|6| |EeO,OO1 —E9O,OOO|1|1| |E90,001 - E100,000|2|2| |E100,001 - E110,000||| |E110,001 - E120,000||| |E120,001 - E130,000||| |E130,001 - E140,000||| ## ## ## |11|Taxstlon|||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||8|6| ||Domestic current|year|tax||||||||| ||U.K.corporation tax||||||||||| ||Total current tax||||||||||| ||Factors affecting
Loss ofsubsidiary|the tax (credit)/charge
undertakings
on ordinary|||||forthe year
activities before taxation|||»4&,»I&»2»»,269&|| ||Loss on ordinary activities before taxation|||||mulaplied||by standard|rate of||| ||UK corporation
tax|of2L5%(2022 - 19%)||||||||(159,883)|(39,571)| ||Effects of:||||||||||| ||Change
in unrecognised||deferred tax|||||||173,782|20,457| ||Permanent
disallowable||expenditure|||||||814|| ||Adjustments
to previous||periods||||||||| ||Depreciation
an assets nct qualifying||||for|tax allowances||||18,978|25,439| ||Superdeducgon|||||||||(5,891)|| ||Change
in tax rate|||||||||(24,254)|| ||Losses||||||||||| ||Gift Aid transfer to|parent||||||||(3,'744)|(6,325)| |||||||||||159,883|39,571| ## ## ## |Analysts oftotal res|ources expended||||| |---|---|---|---|---|---| |||Staffcosts|Depreciation|Other|Total| |||2023|2023|2023|2023| |||6|8|6|6| |Charitable activigss:|||||| |Bus costs||||1,035,869|1.035,8e9| |Teaching costs||12/71,921|245,116|1,237,532|13,954,569| |Welfare costs||134,827|36,231|1,389,148|1,560,206| |School premises||565,153|1,424,696|1,134,469|3,124,318| |Other premises||150,D40||189.352|339,392| |Support costs||1,432,863||473,793|1,9os,ess| |Bursaries, grants, awards and prizes||||1,218,881|1,218,881| |||14,754,804|1,706,043|6,679,044|23,139,891| |Governance costs||||64,683|64,683| |Casts ofgenerating|funds:||||| |Marketing
and publicity||||216,892|216,892| |Self-financing
activities||||1,479,973|1,479,973| |||||1,696,865|1,696,865| |Other resources expended:|||||| |Taxation ofsubsidiary|||||| |Total resources expended||14,754,8D4|1,708,043|8,440,592|24,901,439| |||Staffcasts|trepreciation|Other|Total| |||2022|2022|2022|2022| |||8|6|6|6| |Chantable
actlvlges:|||||| |Buscosts||||907,916|907,918| |Teaching costs||12,013,950|295,591|1,159,508|13,470,049| |Welfare costs||129,280|87,339|1,222,599|1,439,218| |School premises||580,455|1,146,532|1,087,802|2,814,789| |Other premises||138,003||168,233|304,236| |Support costs||1,479,136||588,827|2,067,963| |Bursaries, grants, awards and prizes||||984,360|984,350| |||14,340,824|1,530,462|6,117,245|21,988,531| |Governance costs||||50,633|50,633| |Costs ofgenerating|funds:||||| |Marketing
and publicity||||185,752|185,752| |Self-financing
activities||||451,789|451,789| |||||837,541|637,541| |Other resources expended:|||||| |Taxation ofsubsidiary|||||| |Total resources expended||14,340,824|1,530,462|6,805,419|22,676,705| ## ## |2023|2022| |---|---| |6|| |1,150,867|1,225,867| |2,161,664|800,339| |3,312,531|2,026,206| |||||||Sl0I-|Ctl||O
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CO| ## ## |15|Invesbnents|Invesbnents||||||| |---|---|---|---|---|---|---|---|---| ||Group:|||||||| ||||Managed|Other listed|Shares
in||Total|Total| ||||funds|investments|group||2023|2022| ||||f|f|undertakings|f||| ||Market|value||||||| ||At 1 September 2022||10,309,727||||10,309,727|9,785,611| ||Disposal||(71,416)||||(71,416)|(202,695)| ||Additions||4,108,880||||4,106,880|1,268,316| ||Change|in market value|(122,723)||||(122,723)|(541,505)| ||At 31 August 2023||14,222,488||||14,222,468|10,309,727| ||Histodcal cost||13,408,585||||13,406,585|9,371,121| ||Parent:|||||||| ||||Managed|Other listed|Shares in||Total|Total| ||||funds|investments|group||2023|2022| ||||||undertakings|f||| ||Market value|||||||| ||At 1 September 2022||10,309,727||2,488,548||12,798,275|12,274,159| ||Disposal||(71,416)||||P1,416)|(202,695)| ||Additions||4,106,880||||4,106,880|1,268,316| ||Change|in market value|(122,723)||||(122,723)|(541,505)| ||At 31 August 2023||14,222,468||2,488,548||16,711,018|12,798,275| ||Historical cost||13,406,585||2,488,548||15,895,133|11,859,669| |Company|Country|ofregistration|Principal|Class|Shares held| |---|---|---|---|---|---| ||OI' hICOrpOIatlon||activity||| |Subsdiary
undertakings|||||| |Stroud School Limited|England|&Wales|School|Ordinary|100| |KES Bookings Limited|England|&Wales|Facility hire|Ordinary|100| ## |Debtors|||||| |---|---|---|---|---|---| |||Group||Parent|| |||2023|2022|2023|2022| |||6|6|6|6| |Fees||64,914|73,220|22,044|17,SS7| |Other debtors||139,857|181,835|134,309|190,428| |Amounts|owed by group undertakings|||7,289,744|6,405,819| |Prepayments||555,422|243,046|465,511|153,672| |Accrued|interest receivable||||| |||760,193|498,101|7,901,608|6,767,806| |Creditor|s: amounts
falling due within|one year|||| |---|---|---|---|---|---| |||Group||Parent|| |||2023|2022|2023|2022| ||||6|6|6| |Amounts|owing to suppliers|908.921|605,274|801,245|495,117| |Fees in|advance|568,573|515,796|568,573|515,796| |Taxation|and social security|17,802|627,787|17,902|296,826| |Other creditors and accruals||1,000,536|628,703|752,521|471,255| |||2,493,932|2,377,560|2,140,241|1,778,994| ## ## |||Gmup||Parent|| |---|---|---|---|---|---| |||2023|2022|2023|2022| |||E|E|E|E| |Other|creditors|202,642|215,346|16$,242|169,746| |||202,642|215,346|18$,242|169,746| ||||||Group|Group|Parent|Parent| |---|---|---|---|---|---|---|---|---| ||||||2023|2022|2023|2022| ||||||E|E|E|E| ||Returnable|deposits|||62,1$8|51,066|38,198|37,466| |19|Financial|instruments||||||| ||||||Group||Pamnt|| ||||||2023|2022|2023|2022| ||||||E|E|E|E| ||Canylng|amount ofgnancfal||assels||||| ||Equity instruments||measured|al fair value|14,222,466|10,309,727|14,222888|10,309,727| ||Equity instruments||measured|atcost less||||| ||impairment||||||2888,548|2,468,546| ## ## ||||||Other|| |---|---|---|---|---|---|---| ||||Fixed||net assetsl|| ||||assets|Invesbnents|(liabilities)|Total| ||||2023|2023|2023|2023| ||||f|f|f|f| |Endowed|funds|||3,448,226||3,448,226| |Restricted||funds||3,280,418|915,879|4,208,297| |Unrestricted||funds|32,083,759|7,483,824|(1,842,406)|37,625,177| ||||32,083,759|14,222,468|(1,026,527)|45,279,700| ||||||Other|| ||||Fixed||net asselsl|| ||||assets|Investments|(liabilities)|Total| ||||2022
f|2022|2022f|2022
f| |Endowed|funds|||3,469,945||3,469,945| |Restricted||funds||3,290,418|918,243|4,208,661| |Unrestricted||funds|30,726,454|3,549,364|2,075,195|36,353,013| ||||30,728,454|10,309,727|2,993,438|44,031,619| |Parent:|||||Other|| ||||Fixed||net assetsl|| ||||assets|Investmenls|(Iiabllldes)|Total| ||||2023f|2023f|2023f|2023f| |Endowed|funds|||3,448,226||3,448,226| |Restricted||funds||3,290,418|915,879|4,206,297| |Unrestricted||funds|23,898,074|9,972,372|5,471,759|39,342,205| ||||23,898,074|16,711,016|6,387,838|46,996,728| ||||||Other|| ||||Fixed||net assetsl|| ||||assets|Invesbnenis|(liabilities)|Total| ||||2022
f|2022f|2022f|2022
f| |Endowed|funds|||3,469,945||3,469,945| |Restricted|funds|||3,290,416|918,243|4,208,661| |Unrestricted||funds|22,487.136|6,037,912|6,767,508|37,292,556| ||||22,467,136|12,798,275|9,685,751|44,971,162| ## ## ## |Group and parent|Scholarships|Prizes and|| |---|---|---|---| ||6bursaries|other funds|Total| ||5|f|8| |At 1 September 2022|3,434,137|35,806|3,469,945| |Incoming resources|750||750| |Investment
gains/(losses)|(21,969)||(21.969)| |Resources expended|(500)||(500)| |Transfers|||| |At 31 August 2023|3,412,418|35,808|3,448,226| ## ## |Group and parent||||| |---|---|---|---|---| ||KES|Scholarships|Prizes and|| ||Foundation|8 bursaries|other funds|Total| ||8|8|8|6| |At 1 September 2022|1,033,751|2,534,738|540,172|4,208,661| |Incoming resources|54,417|263,890|27,446|345,753| |Resources expended|(7,980)|(286,501)|(22,141)|(296,623)| |Investment
gains/(losses)||(24,178)||(24,178)| |Transfers||(27,315)||(27,316)| |At 31August 2023|1,080,188|2,580,833|545,477|4,206,297| ## ## |FO|R THE Y|R THE Y|EAR ENDED 31|AUGUST 2023|||| |---|---|---|---|---|---|---|---| |23|Designated||funds||||| ||Group and||parent:|Foundation||Self-|| |||||schotarships|Capital|ftnancing|| |||||8bursaries|reserve|activities|Total| |||||E|E|E|E| ||At 1 September 2022|||1,004,224|27,764,355|105,363|28,873,942| ||Incoming|resources||9,220||1,413,094|1,422,314| ||Resources|expended||(922,258)||(1,479,973)|(2,462,231)| ||Transfers|in||1,067,752|1,150,867|(29,639)|2,188,980| ||investment|gains and losses||(4,451)|||(4,451)| ||At 31 August||2023|1,154,487|28,915,222|8,845|30,078,554| ## |Revenue fund|||Group|Parent| |---|---|---|---|---| ||||E|E| |At 1 September 2022|||7,479,071|8,418,614| |hlet incoming resources|||2,225,216|3,002,701| |Net transfers|||(2,161,684)|(2,161,664)| |Actuarial gains/(losses)|on defined|benefit pension schemes|4,000|4,000| |Investment
gains/ (losses)||||| |At 31August 2023|||7,546,623|9,263,651| ## ## ## ## ## ## ## |The return
on plan assets is:|The return
on plan assets is:||||2023|2022| |---|---|---|---|---|---|---| |Interest income on assets|||||388,000|175,000| |Gain/(loss)
on assets|||||(422,000)|(937,000)| ||||||(34,000)|(762,000)| |The reconciliation
offunded|status to the||balance sheet is:||2023|2022| |Fair value ofassets|||||9,378,000|9,519,000| |Present value offunded defined benefit obligation|||||(8,668,000)|(9,187,000)| |Less asset cap|||||(710,000)|(332,000)| |Ths movement
in fair value|ofassets is snalysed as:||||2023|2022| |Opening
fair value ofassets|||||9,519,000|10,349,000| |Interest income on assets|||||388,000|175,000| |Remeasurement
gains/(losses)||on assets|||(422,000)|(937,000)| |Contributions
by the employer|||||145,000|140,000| |Contributions
by participants|||||50.000|48,000| |Net benefits paid out|||||(302,000)|(256,000)| ||||||9,378,000|9,519,DDD| |The movement
in present value offunded|||defined benefit obligations|is analysed|as:|| ||||||2023|2022| |Opening
defined
benefit obligation|||||9,187,000|13,965,0DO| |Current service cost|||||162,000|331,000| |Interest expense on defined|benefit obligation||||375,000|236,000| |Contributions
by participants|||||50,000|48,0OO| |Actuarial
(gains)/losses
on liabilities|||||(804,000)|(5,137,000)| |Net benefits
paid out|||||(302,000)|(256,000)| |Past service cost||||||| ||||||8,668,000|9,187,000| |Amounts
recognised
in the|Statement of||Financial Activities are as follows:|||| ||||||2023|2022| |Employer service cost|||||162,000|331,000| |Financing cost|||||('I3,000)|61,000| |Amounts
included
in charitable||activities expenditure|||149,000|392,000| |(Gains)/losses
arising on scheme assets|||||422,000|937,000| |Liability (gains)/losses|||||(804,00D)|(5,137,000)| |Less:asset cap|||||378,000|332,000| |Total unreslised
(gain)/loss|per SOFA||||(4,000)|(3,868,000)| |Total (gsins)/losses|||||145,000|(3,476,000)| ## ## ## ## ## ## ## ## ## ## ## ## ## ##