2021-03-31-accounts - Doncaster Culture And Leisure Trust

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	Page
Directors'/trustees' report	1 —15
Statement oftrustees' responsibilities	16
Independent auditor's report	17-19
Consolidated statement offinancial activities	20
Charity statement offinancial activities	21
Balance sheet	22
Consolidated cash flow statement	23
Notes to the financial statements	24 —42

Tjiiteline for Recovery	Tjiiteline for Recovery	Tjiiteline for Recovery		D'eacrlptlgg,	D'eacrlptlgg,	D'eacrlptlgg,	Commentary	Commentary
Marcli 28-	-.May its:
2020
Closure offacilities				DCLT closed		all
				venues	under
				the portfolio		(18)
				on March	18th,
				2020,
				furloughing		just
				under 600		staff
				to preserve		staff
				retention		and
				mitigate on	going
				expenditure.
DCLT Staff				Some DCLT		staff	From	mid-March		and	through		April,	May and	June
				furloughed			the Trust's		staff who		were		not furloughed		were
				throughout		this	active	in delivering and supporting						the services of
				period			The Community			Hub.
DCLT offer	an online			Online exercise
service for	Doncaster			classes available
residents.				to residents		of
				Doncaster,
				promoted		via
				social media
'May 12s'	'25e Jgly		I'
Successful	reopening	of		Successfully			This	opening		of these		facilities		included	un-
some facilities:				opened		the	furloughing		a number		of staff
				following venues
				under	strict
				operational
				measures:
				~ Crookhill
				Park		Golf
				Course
				~ Golf		and
				Takeaway
				Catering
				service
				~ The		Old
				Brewhouse
				~ Takeaway
				service
				~ Hatiield
				Outdoor
				Activity
				Centre
				~ Open	Water
				Swimming

Gyms, leisure centres	Gyms, leisure centres	Gyms, leisure centres	Gyms, leisure centres	Gyms, leisure centres		and	During	During	this	This phase	This phase	This phase	included	included		the re-commencing	the re-commencing	the re-commencing	the re-commencing	the re-commencing	the re-commencing		of
indoor pools reopened ~dt d 25"2 t d						on	able to open phase DOLT		the was	~	Private		Swimming				Lessons
new	guidelines,			such	as		following:			~	Swimming			Clubs
introducing		timed bookings								~	Group	Exercise
for workouts			and				The	Dome
restrictions		on showering.					~	The Lagoons		initially the			return of			health			and	fitness		income was
							~	Fitness		low, a large			number			of membership					DDs remained
								Village		frozen and			memberships					were		initially		under			30%
							~	The Cycle		of pre-Covid				levels.
								Track
							~	The	Ice
								Caps
							Adwick Leisure			Haffield		Outdoor			Activity				Centre		was			a	great
							Complex			success for			DCLT when available to								reopen. There
							~	Fitness		was a +47% uplift					on		revenue			when		compared				to
								Village		the	following			year.	Further				information				is	detailed
							~	Strikes	&	below.
								King Pin
							~	Swimming
							Dearne Valley
							Leisure Centre
							~	Fitness
								Village
							~	Swimming
							Hatfield
							Outdoor
							Activity Centre
							~	Campsite,
								Lakeside
								and Catering
							The	Counting
							House
							~	Catering
							The	Leopard
							~	Catering
Health and			Fitness				Four gyms			All	gyms		reopened				on		July	252"		in	line			with
							opened			Government				guidelines.
							~	The Dome
							~	Adwick
								Leisure
								Complex
							~	Deame
								Valley
								Leisure

				FOR THE YEAR	ENDED 31 MARCH 2021	ENDED 31 MARCH 2021
Rossington	Community		Swimming	-91,000	Removal of plpework replacement
Pool					and	pool water vessels. The venue is
					not	proposed to open until
					September 2021 and therefore works
					can	be moved to 2021-2022 capital
					ro	ramme
Crookhill Park Golf Course				+25,000	Car	Park Barrier to be introduced to
					provide access control at the
					entrance tothe venue
Haifield Outdoor		Activity Centre		+215,000		1. Amenities block upgrade to
						increase washroom facilities
						to meet increased demand-
						E85,00
						2. Electrical supply to campsite
						and increase capacity.
						Improved security for access
						control - 520,000
						3. Lakeside adaptions to include
						outdoor swimming pool
						590,000
					4. Venue Ada tions - 520,000
COVID-19 Adaptions —H &			S	+125,000	New	fund to upgrade opening venues
					to respond to measures/legislation of
					ost COVID-19 o aration

			Unrestricted	Restricted	Total Funds	Total Funds
INCOMING RESOURCES		Note	Funds	Funds	2021	2020
			E	6	6	5
Incoming resources from
generated funds:
Voluntary income
Grants and donations		5	2,397,273	3,165,607	5,562,880	981,383
Activities for generating funds
Commercial trading operations		4	1,792,796		1,792,796	3,598,633
Investment income		6
			4,190,069	3,165,607	7,355,676	4,560,016
Incoming resources from
charitable activities:
Operation of leisure facilities		7	2,379,928	385,832	2,765,760	11,210,095
Support from local authority		3	4,396,715		4,396,715	250,000
TOTAL INCOMING RESOURCES			10,966,712	3,551,439	14,518,151	16,040,111
RESOURCES EXPENDED
Costs ofgenerating funds:
Commercial trading
operations		4	631,533		631,533	3,333,992
Charitable activities
Operation ofleisure facilities		9	9,85?,960	1,328,228	11,186,188	13,902,852
Taxation			(5,184)		(5,184)	(1,687)
TOTAL RESOURCES EXPENDED			10,484,309	1,328,228	11,812,537	17,235,157
MOVEMENT IN TOTAL FUNDS
FOR THE YEAR
Net incoming resources			4S2,403	2,223,211	2,?05,614	(1,195,046)
Pension scheme actuarial	gains/(losses)		(866,000)		(866,000)	986,000
TOTAL (DEFICIT)/FUNDS	BROUGHT
FORWARD			(4,553,?78)	523,678	(4,030,100)	(3,621,053)
TOTAL (DEFICIT)/FUNDS	CARRIED		(4,937,375)	2,746,889	(2,190,486)	(4,030,099)
FORWARD

			Unrestricted	Restricted	Total Funds	Total Funds
INCOMING RESOURCES		Note	Funds	Funds	2021	2020
			K	6	8
Incoming resources from
generated funds:
Voluntary income
Gift aid		4				136,818
Grants and donations		5	2,008,011	3,165,607	5,173,618	905,146
			2,008,011	3,165,607	5,173,618	1,041,964
Incoming resources from
charitable activities:
Operation of leisure facilities		7	2,391,928		2,391,928	9,166,341
Support from local authority		3	4,396,715		4,396,715	250,000
TOTAL INCOMING RESOURCES			8,796,654	3,165,607	11,962,261	10,458,305
RESOURCES EXPENDED
Charitable activities
Operation of leisure facilities		9	8,711,185	1,155,204	9,866,389	11,375,090
TOTAL RESOURCES EXPENDED			8,711,185	1,155,204	9,866,389	11,375,090
MOVEMENT IN TOTAL FUNDS
FOR THE YEAR
Net incoming resources			85,469	2,010,403	2,095,872	(916,785)
Pension actuarial gains/(losses)		22	(866,000)		(866,000)	986,000
TOTAL (DEFICIT)/FUNDS	BROUGHT
FORWARD			(4,787,750)	365,900	(4,421,850)	(4,491,065)
TOTAL (DEFICIT)/FUNDS	CARRIED
FORWARD			(5,568,281)	2,376,303	(3,191,978)	(4,421,850)

			AS A	T 31 MARCH 2021	T 31 MARCH 2021
				Group		Charity
				2021	2020	2021	2020
			Note	8	F	8	5
FIXEDASSETS
Tangible			12	3,704,865	2,857,125	3,562,386	2,470,863
				3,704,865	2,857,125	3,562,386	2,470,863
CURRENT ASSETS
Stocks			14	23,133	56,523		32,275
Debtors			15	1,087,803	1,804,768	916,186	1,638,718
Cash at bank and	in hand			2,770,379	1,436,144	1,403,464	205,868
				3,881,315	3,297,435	2,319,650	1,876,861
CREDITORS: amounts			falling
due within one		year	16	(3,228,331)	(4,158,659)	(2,525,679)	(2,943,573)
NET CURRENT ASSETS/(LIABILITIES)				652,984	(861,224)	(206,029)	(1,066,712)
TOTAL ASSETSLESS
CURRENT LIABILITIES				4,357,849	1,795,901	3,356,357	1,404,151
CREDITORS:
Amounts falling due after more
than one year Pension liability			17 22	(1,493,335) (5,055,000)	(1,680,001) (4,146,000)	(1,493,335) (5,055,000)	(1,680,001) (4,146,000)
NET LIABILITIES				(2,190,486)	(4,030,100)	(3,191,978)	(4,421,850)
FUNDS
Restricted			19/20	2,746,889	523,678	2,376,303	365,900
Unrestricted:			20
Other charitable		funds		(4,937,375)	(4,553,778)	(5,568,281)	(4,787,750)
Non-charitable		trading	funds
				(2,190,486)	(4,030,100)	(3,191,978)	(4,421,850)

				2021	2020
Cash flows from operating activities:
Net cash provided (used in) operating	activities			2,846,109	301,730
Cash flows from investing activities:
Purchase ofproperty, plant and equipment				(1,325,208)	(320,667)
Disposal of property, plant and equipment
Net cash provided by (used in) investing		activities		1,520,901	(320,667))
Cash flows from financial activities:
Repayment ofloans				(186,666)	(186,666)
Repayment ofhire purchase
Interest paid
Net cash provided by (used in) financing		activities		(186,666)	(186,666)
Change in cash and cash equivalents	in	the		1,334,235	(205,603)
re ortin cried
Cash and cash equivalents at the beginning			ofthe	1,436,144	1,641,747
re ortin eriod
Cash and cash equivalents at the end	ofthe			2,770,379	1,436,144
re ortin eriod
Reconciliation ofnet income/(expenditure)
to net cash flow from operating activities
Net income/(expenditure) for the reporting		period (as per		2,705,614	(1,195,046)
the statement offinancial activities)
Adjustments for:
Depreciation charge				277,468	318,908
Decrease in stocks				33,390	42,305
(Increase) / Decrease in debtors				716,965	(1,030,469)
(Decrease) in creditors				(930,328)	2,008,032
Employer contributions to defined benefit	pension			(218,000)	(222,000)
scheme
Defined benefit pension scheme operating		expenditure		261,000	380,000
NET CASH PROVIDED (USED IN) OPERATING				2,846,109	301,730
ACTIVITIES

the Registrar	ofCompanies and the Chadity Commission. A sum	mary oftrading results is shown	below.
		2021	2020
SUMMARY PROFIT AND LOSSACCOUNT
Incoming resources		24,624	180,370
Expenditure
Net incoming	resources	24,624	180,370
Net movement	in funds	24,624	180,370

GRANTS AND DONATIONS	GRANTS AND DONATIONS			Total	Total
		Unrestricted 6	Restrictedf	2021f	2020 6
Job retention Scheme income		2,008,011		2,008,011
Doncaster Metropolitan Council	Borough		1,600,000	1,600,000	750,000
DMBC Hub Fund			25,000	25,000
Knowledge &skills StWilfrid's Academy Adult Family Community Learning DMBC-Staycation Rossington Parish Council RNN Dearne Valley College Delta Academies Trust			42,000 16,950 6,612 9,000 37,366 21,445	42,000 16,950 6,612 9,000 37,366 21,445	7,700
St Wilfrid's Academy			975	975
Trinity Academy Education Skills Funding Agency Expect Youth Expect Youth —Alternative education Xtol Development Services Askem Town Council			26,448 7,113 3,000	26,448 7,113 3,000	56,253 8,317 77,120 500 3,000
Chesterfield College					2,256
Social Isolation Alliance
SYCF			25,000	25,000
DMBC			156,000	156,000
DMBC Food bank			30,000	30,000
DMBC VCFS Grant			320,000	320,000
Digital Exclusion			5,000	5,000
Right up our Street Arts Council Loneliness	Fund		27,900	27,900
Arts Council			148,000	148,000
DMBC			30,000	30,000
Match Funding Darts Ace Funds			72,623 154,000	72,823 154,000
Doncaster Creates
Arts Council Doncaster	Remix		45,975	45,975
DMBC Doncaster Creates			300,000	300,000
Arts Doncaster Remix			55,000	55,000
Charity		2,008,011	3,165,607	5,173,618	905,146
Doncaster Performance	Venue Limited	389,262		389,262	76,237
Group		2,397,273	3,165,607	5,562,880	981,383

INVESTMENT INCOME	INVESTMENT INCOME								2021	2020
									5	6
Bank interest
Bank interest includes	ENII (2020:ENII) for		the	company alone.
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
The income was entirely		from the operation	ofthe charitable			activities at the		culture	and leisure	complexes
listed in the Trustees	report.
									Total	Total
			Unrestricted				Restricted		2021	2020
					5				6	6
Operation of leisure facilities				2,391,928				2,391,928		9,166,341
Charity				2,391,928				2,391,928		9,166,341
Operation oftheatre facilities							385,832	385,832		2,043,754
Eliminated on Consolidation					(12,000)			(12,000)		(207,668)
Group				2,379,928			385,832	2,765,760		11,002,427
ALLOCATION OF SUPPORT
The trust allocates its	support costs as shown			in	the table below.
Support costs are allocated on a basis consistent					with the use		ofresources.
				Culture &
					Leisure				Total	Total
				Facilities		Governance			2021	2020
					6		6
Depreciation					31,902		1,679		33,581	21,564
Office salaries					416,412		104,103	520,515		250,762
Insurance					22,432				22,432	21,162
Professional charges					43,122				43,122	12,800
Offfce Expenses Computer costs					31,353 219,877		7,838 54,969	39,191 274,846		97,787 256,687
Charity					765,098		168,589	933,687		660,762
Doncaster Performance		Venue Limited			121,986			121,986		306,282
Group					887,084		168,589	1,055,673		967,044

The charity undertakes	direct cha	dtable activities	only and does no	t make grant payment	s.
		Culture &
		Leisure	Restricted
		Facilities	Funds	Total	Total
		2021f	2021f	2021 f.	2020f
The Dome		1,437,608	20,278	1,457,886	2,372,355
Adwick Sports Centre Armthorpe Sports Centre Askern Sports Centre Crookhill Park Golf Club		653,957 255,454 77,288 145,391	15,773 44,359	669,730 255,454 77,288 189,750	1,258,027 647,358 213,609 186,071
Dearne Valley Leisure Centre Edlington Leisure Centre		399,179 54,875	1,983	399,179 56,858	817,948 213,412
Fitness Village Balby Fitness Village Stadium Hatfield Water Park		310,138 79,401 253,810		310,138 79,401 253,810	528,735 162,352 151,817
Rossington Community	Sports	68,670		68,670	198,849
Village Rossington Sports Centre Thorne Sports Centre Disallowed VAT		90,806 190,745 92,815		90,806 190,745 92,815	236,853 438,455 532,184
Knowledge and Skills Social Isolation Alliance		39,766	170,909 264,107	210,675 264,107
Right up our street Doncaster Creates			364,943 130,251	139,120 130,251
JRSStaff Costs Cleaning Maintenance and repairs Advertising and publicity Bank and credit card charges Leisure overheads		2,014,137 103,756 1,016,881 157,646 5,659 250,595	118,216	2,014,137 103,756 1,360,920 157,646 5,659 250,595	32,829 2,166,082 171,062 14,320 262,494
Personnel Support costs (note 8)		103,306 909,302	24,385	103,306 933,6S7	109,516 674,957
Venue overheads
Charity		8,711,185	1,155,204	9,866,389	11,375,090
Doncaster Performance	Venue	1,146,775	173,024	1,319,799	2,527,762
Limited
Group		9,957,960	1,328,228	11,186,188	13,902,852

.STAFF COSTS AND	TRUSTEES	REMU	NERATION
				2021	2020
				6
Salaries				5,822,128	6,596,558
Social Security costs Pension costs				339,229 319,765	445,902 516,109
				6,481,122	7,558,569
The average number	ofemployees	during the year was as follows:
				Number	Number
Charitable activities				131	466
Trading activities				78	124
				209	590
Band analysis ofhigher paid employees			was as follows
F70,001 - E&0,000
K&0,001 - F90,000

Travelling and subsistence expenses incurred by Trustees on c amount reimbursed in the year was &Nil (2020:ENil). .MOVEMENT IN TOTAL FUNDS FOR THE YEAR	harity business are reimb	ursed. The
The movement for the group is stated after charging:	2021 8	2020f
Depreciation oftangible fixed assets: -Owned by the charity -On finance agreement / DMBC funded	63,269 214,199	61,108 257,800
Payable to Auditor -Audit fee	1&,000	16,400
-Other services	4,500	2,150
Operating lease rentals: -Plant and machinery Pension Costs	30,214 288,614	23,963 516,109

12.TANGIBLE FIXEDASSETS (GROUP)
	Facilities	Fixtures,	Total
	improvements	fittings, office
		equipment &
		vehicles
		6
COST
At 31 March 2020	3,517,957	3,407,265	6,925,222
Additions	1,325,208		1,325,208
At 31March 2021	4,843,165	3,407,265	8,250,430
DEPRECIATION
At 31 March 2020	1,350,158	2,917,939	4,268,097
Charge for the year	226,644	50,824	277,468
At 31March 2021	1516,862	2,968763	4,545,565
NET BOOK VALUE
At 31March 2021	3,266,363	438,502	3,704,865
At 31 March 2020	2,167,799	489,326	2,657,125
TANGIBLE FIXEDASSETS (CHARITY)
	Facilities	Fixtures,	Total
	improvements	fittings, office
		equipment 8
		vehicles
		6
COST
At 31 March 2020	2,998,424	2,943,744	5,942,168
Additions	1,317,273		1,317,273
At 31 March 2021	4,315,697	2,943,744	7,259,441
DEPRECIATION
At 31 March 2020	856,419	2,614,886	3,471,305
Charge for the year	214,199	11,551	225,750
On Disposals
At 31 March 2021	1,070,618	2,626,437	3,697,055
NET BOOK VALUE
At 31 March 2021	3,245,079	317,307	3,562,386
At 31 March 2020	2,142,005	328,858	2,470,863

The following	informati	on relates	to	the c	ompany's subsidia	ry undertakings	:
								Aggregate	Surplus/
								Share	profit for
						Description	of	Capital &	p std 0d
Name of		Nature	of		Country of	Share Capital		Reserves at	ended
Undertaking		Business			Incorporation			31/03/21	31/03/21
Doncaster		Conferences,				100'/ F1		5,355	101,535
Conferences		catering	and		England	ordinary shares
Catering and	Events	events
Limited
Doncaster		Performing		Arts		Limited by		1,008,770	541,808
Performance	Venue	Centre			England	guarantee
Limited*
Cast Events	Limited	Catering	and		England	100%f1		(12,423)	(12,424)
		events				ordinary shares
*Indicates a	direct
investment

		Group			Charity
		2021 E	2020 f	2021 6	2020 F
Bar and	catering	23,133	24,248
Other			32,275		32,275
		23,133	56,523		32,275
15.DEBTORS
		Group			Charity
		2021	2020	2021	2020
Trade debtors		615,132	1,113,609	578,408	1,012,968
Amounts owed by group undertakings Other debtors		314,655	163,704	254,566	156,383 73,723
Prepayments		158,016	527,455	83,212	395,644
		1,087,803	1,804,768	916,186	1,638,718

			Group	Group		Charity
			2021	2020	2021	2020
Net obligations	under	finance lease/
hire purchase contracts
Borrowings Trade creditors			186,666 1,418,983	186,666 952,597	186,666 1,343,620	186,666 687,395
Amounts owed to group undertakings Other taxes and social security			117,035	292,225	134,711 115,727	254,027
Accruals & deferred		income	1,245,083	2,528,747	737,659	1,804,478
Other creditors			260,562	198,424	7,296	11,007
			3,228,331	4,158,659	2,525,679	2,943,573
17.CREDITORS	(AMOUNTS DUE AFTER MORE THAN ONE YEAR)
				Group		Charity
			2021 f	2020	2021f	2020
Net obligations	under	finance lease/
hire purchase contracts Borrowings			1,493,335	1,680,001	1,493,335	1,680,001
			1,493,335	1,680,001	1,493,335	1,680,001
The maturities	ofsources of borrowing		are as follows:
				Group		Charity
			2021 f	2020 f	2021	2020 8
In one year or	less		186,666	186,666	186,666	186,666
In more than one year but not more than two years			186,666	186,666	186,666	186,666
In more than two years but not more than five years			559,998	559,998	559,998	559,998
More than 5years			746,671	933,337	746,671	933,337
			1,680,001	1,866,667	1,680,001	1,866,667

ofgrants and donations	h	eld o	n trust to be	applied for specif	ic purposes:
				Movement	in funds
			Balance				Balance
		31 INarch		Incoming	Resources		31 March
			2020 6	Resourcesf	Expended 6	Transferf	2021 6
Fund:
OMBC Asset Maintenance			365,900	1,600,000	224,994		1,740,906
Knowledge &Skills				170,909	170,909
Social isolation Alliance				536,000	264,107		271,893
Right up our street Doncaster Creates				432,723 400,975	364,943 130,251		67,780 270,724
DMBC Hub Funding				25,000			25,000
Charity			365,900	3,165,607	1,155,204		2,376,303
Doncaster Performance	Venue		Limited:
Stage lighting and fitting			85,465		3,437		82,028
Esmee Fairbairn			23,811	59,537	47,976		35,372
Liz and Terry Bramall
Foundation			13,712		3,788		9,924
Austin &hope Pilkington		Trust	3,446	195	2,349		1,291
Public Acts				33,796	33,794
l3MBC —Social Mobility
Opportunity			12,500	12,606	10,119		14,987
DMBC- Winter Staycation				1,452	1,452
DMBC —Summer Staycation				26,601	26,601
ARC				5,400	3,150		2,250
National Theatre Learning			1,150	5,650			6,800
DARTS				4,000	4,000
Expect Youth			5,000	3,750	8,750
Dementia Partnership	CIC		6,444				6,444
We are IVE Ltd			6,250	12,500	6,140		12,610
SYCF				7,643	1,296		6,347
Royal Opera House				1,250	1,250
National Lottery —Playing		up		1,064	1,064
Garfield Weston				189,707			189,707
Stories to get u through				20,680	17,858		2,823
Group			523,678	3,551,439	1,328,228		2,746,889

The major assum	pti	ons used	for the actuarial valuation were	:
				2021 %pa	2020 % pa
Rate ofincrease	in	salaries		3.95	3.35
Rate ofincrease Discount rate	in	pensions	in payment	2.80 2.10	2.20 2.40
Inflation assumption		(CPI)		2.70	2.10

balance sh	eet	date	were:
					Fair	Fair
					Value	Value
					2021	2020
					8
Equities					3,307,000	2,887,000
Government	bonds				909,000	754,000
Other bonds					552,000	407,000
Property Cash/liquidity					613,000 94,000	502,000 167,000
Other					1,259,000	865,000
Total fair value		ofscheme		assets	6,734,000	5,582,000
Present	value		of	scheme	(11,789,000)	(9,728,000)
liabilities
Gross pens	ion	asset	/(liabili	ty)	(5,055,000)	(4,146,000)

The following	amounts	amounts	have been recognised	in the financial statements	in the year to 31	March 2021
and 31 March	2020 under the requirements		of	FRS102:
					2021	2020
					6
Current service		cost			113,000	139,000
Expected return		on scheme assets				115,000
Interest on scheme liabilities					99,000	126,000
Curtailment					49,000
Total operating		charge			261,000	380,000

22. PENSION COMMITMENT	S (c	ontinued)
			2021	2020f
Actual return less expected return		on scheme assets	950,000	(760,000)
Experience gains and losses	arising on scheme liabilities		(1,816,000)	1,746,000
Actuarial gain/(loss)			866,000)	986,000
Movements in deficit during	the	year
Deficit in scheme at beginning	ofthe year		(4,146,000)	(4,974,000)
Current service cost			(113,000)	(139,000)
Contributions			218,000	222,000
Interest on scheme liabilities			(232,000)	(278,000)
Expected return on scheme assets			133,000	152,000
Past service cost				(115,000)
Curtailment			(49,000)
Actuarial gain/(loss)			(866,000)	986,000
Deficit in scheme at end ofyear			(5,055,000)	(4,146,000)
Reconciliation offair value	ofscheme assets
Opening fair value ofscheme	assets at 1 April		5,582,000	6,130,000
Expected return on scheme assets			133,000	152,000
Actuarial (losses)/gains			950,000	(760,000)
Contributions by members			20,000	23,000
Contributions by employer			218,000	222,000
Benefits paid			(169,000)	(185,000)
Closing fair value ofassets at 31 March			6,734,000	5,582,000
Changes in the present value ofscheme liabilities
Opening defined benefit obligation Current service cost		at 1 April	9,728,000 113,000	11,104,000 139,000
Interest cost			232,000	278,000
Actuarial (gains)/losses			1,816,000	(1,746,000)
Contributions by members			20,000	23,000
Past service cost				115,000
Curtailment			49,000
Benefits paid			(169,000)	(185,000)
Closing defined benefit obligation		at 31 March	11,789,000	9,728,000

History ofexperience gains	and l	osses	in the sche	me:
						2021 6	2020f
Experience gains/(losses) on assets Percentage ofscheme assets Experience gains/(lasses) on liabilities Percentage ofscheme liabilities						950,000 14.14/o (1,816,000) 15.44/o	(760,000) 13.6'/o 1,746,000 (18.0)'/o
Cumulative gains/(losses)	at end	of period				(2,619,000)	(1,753,000)
FINANCIAL INSTRUMENTS
				Grou			Charit
Financial assets			2021	2020f		2021	2020 E
Financial assets that are debt
instruments measured at
amortised cost		3,700,166		2,713,460		2,236,439	1,448,942
		3,700,166		2,713,460		2,236,439	1,448,942
Financial assets include cash and		cash	equivalents,	amounts	due from group undertakings,		trade and
other debtors.
				Grou			Chari
Financial liabilities			2021f	2020f		2021 6	2020 5
Financial liabilities that are
debt instruments measured	at
amortised cost		4,721,666		5,838,660		4,019,014	4,623,574
		4,721,666		5,838,660		4,019,014	4,623,574