| Index to the | Financial | Statements | Statements | Page | |
|---|---|---|---|---|---|
| Legal and administrative | information | ||||
| Chair's report | |||||
| Report ofthe | Trustees | ||||
| Independent | Auditor's | Report | 18 | ||
| Consolidated | Statement | of Financial | Activities | 22 | |
| Consolidated | Balance | Sheet | 23 | ||
| Charity Balance Sheet | 24 | ||||
| Consolidated | Statement | ofCash Flows | 25 | ||
| Notes to the consolidated | financial statements | 26-49 |
| rthe year ended 31 Mar | ch 2 | 021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | |||||||
| Funds | Funds | Total | Total | |||||
| as restated | ||||||||
| 2021 | 2021 | 2021 | 2020 | |||||
| Note | E | E | E | K | ||||
| Income | ||||||||
| Income from generated funds: Donations and legacies Other trading activities Investment income |
14,235 45,381 2,082 |
14,235 45,381 2,082 |
37,882 130,932 2,555 |
|||||
| Income from charitable activities |
204,985 | 609,471 | 814,456 | 620,532 | ||||
| Total income | 204,985 | 671,169 | 876,154 | 791,901 | ||||
| Expenditure on: Raising funds Charitable activities |
209,823 | 141,965 431,357 |
141,965 641,180 |
144,103 635,123 |
||||
| Total expenditure | 209,823 | 573,322 | 783,145 | 779,226 | ||||
| Other finance costs | 8,000 | 8,000 | 7,000 | |||||
| Net income/(expenditure) | (4,838) | 89,847 | 85,009 | 5,675 | ||||
| Transfers between funds |
||||||||
| Other recognised gains |
and | losses | ||||||
| Gains/(losses) on revaluation investments |
of | 12 | 45,919 | 45,919 | (9,985) | |||
| Actuarial (loss)/gain benefit pension scheme |
on | defined | 19 | (9,000) | (9,000) | 29,000 | ||
| Net movement in funds |
(4,838) | 126,766 | 121,928 | 24,690 | ||||
| Reconciliation offunds | ||||||||
| Total funds brought forward 1 April 2020 |
at | 17 | 4,838 | 1,645,180 | 1,650,018 | 1,625,328 | ||
| Total funds carried 31 March 2021 |
forward | at | 17 | 1,771,946 | 1,771,946 | 1,650,018 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| K | 6 | ||||||||
| Note | |||||||||
| Fixed assets | |||||||||
| Tangible assets Intangible assets Investments |
11a 11b 12 |
859,449 2,547 237,830 |
895,120 5,094 191,911 |
||||||
| 1,099,826 | 1,092,125 | ||||||||
| Current assets | |||||||||
| Debtors | 13 | 69,305 | 83,311 | ||||||
| Cash at bank and | in hand | 760,797 | 560,877 | ||||||
| 830,102 | 644,188 | ||||||||
| Creditors: amounts |
falling | due | |||||||
| within one year | 14 | (146,982) | (77,295) | ||||||
| Net current assets | 683,120 | 566,893 | |||||||
| Net assets excluding liability |
pension | 1,782,946 | 1,659,018 | ||||||
| Pension liability |
19 | (11,000) | (9,000) | ||||||
| Net assets including liability |
pension | 1,771,946 | 1,650,018 | ||||||
| Income funds | 17 | ||||||||
| Restricted funds | 4,838 | ||||||||
| Unrestricted funds: |
|||||||||
| Designated funds Other charitable funds |
1,210,865 571,037 |
1,148,716 503,267 |
|||||||
| Non-charitable | trading | funds | 1,044 | 2,197 | |||||
| 1,782,946 | 1,659,018 | ||||||||
| Defined benefit liability |
pension | scheme | (11,000) | (9,000) | |||||
| 1,771,946 | 1,650,018 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6 | ||||||
| Fixed assets | |||||||
| Tangible assets Intangible assets Investment |
11a 11b 12 |
859,449 2,547 237,832 |
895,120 5,094 191,913 |
||||
| 1,099,828 | 1 092 127 | ||||||
| Current assets | |||||||
| Debtors | 13 | 69,318 | 83,324 | ||||
| Cash at bank and | in hand | 758,600 | 557,527 | ||||
| 827,918 | 640,851 | ||||||
| Current liabilities |
|||||||
| Creditors: amounts |
falling | due within | |||||
| one year | 14 | (145,841) | (76,155) | ||||
| Net current assets | 682,077 | 564,696 | |||||
| Net assets excluding |
pension | 1,781,905 | 1,656,823 | ||||
| liability | |||||||
| Pension liability |
19 | (11,000) | (9,000) | ||||
| Net assets including liability |
pension | 1,770,905 | 1,647,823 | ||||
| Funds | 17 | ||||||
| Restricted funds | 4,838 | ||||||
| Unrestricted funds: |
|||||||
| Designated funds Other charitable funds |
1,210,865 571,040 |
1,148,716 503,269 |
|||||
| 1,781,905 | 1,656,823 | ||||||
| Defined benefit |
pension | scheme | |||||
| liability | (11,000) | (9,000) | |||||
| 1,770,905 | 1,647,823 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| K | ||||||
| Cash flows from operating | activities: | |||||
| Net income | 121,928 | 24,690 | ||||
| Adjusted for: Depreciation and amortisation |
40,778 | 42,655 | ||||
| (Gain)/loss on investments |
(45,919) | 9,985 | ||||
| Defined benefit pension | scheme | 2,000 | (53,000) | |||
| Investment income |
(2,082) | (2,555) | ||||
| Decrease/(increase) in |
trade | and | other | 14,066 | (13,124) | |
| receivables | ||||||
| Increase in trade and other |
payables | 69,687 | 21,731 | |||
| Net cash inflow from operating | activities | 200,398 | 30,382 | |||
| Cash flows from investing | activities | |||||
| Purchase offixed assets | (2,560) | (9,384) | ||||
| Purchase ofinvestments | (200,000) | |||||
| Interest received | 2,082 | 2,555 | ||||
| Cash outflows from investing | activities | (478) | (206,829) | |||
| Net increase/(decrease) |
in | cash | & | cash | 199,920 | (176,447) |
| equivalents | ||||||
| Opening cash 8 cash equivalents | 560,877 | 737,324 | ||||
| Closing cash &cash equivalents | 760,797 | 560,877 | ||||
| 199,920 | (176,447) | |||||
| Cash and cash equivalents | consist of: | |||||
| Cash at bank and in hand | 760,797 | 560,877 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |
| 8 | F | 8 | 8 | |
| Donations | 14,235 | 14,235 | 22,944 | |
| Legacies | 14,938 | |||
| 14,235 | 14,235 | 37,882 | ||
| NCOME FROM INVESTMENTS | ||||
| Restricted | Unrestricted | Total | Total | |
| funds | funds | 2021 | 2020 | |
| 8 | 8 | 8 | 8 | |
| Bank interest | 2,082 | 2,082 | 2,555 | |
| 2,082 | 2,082 | 2,555 |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| as restated | ||||||
| fundsf | funds 6 |
2021 E |
2020 E |
|||
| Grants | ||||||
| Trafford CCG: | ||||||
| Day Support Mild Cognitive Impairment |
52,000 | 52,000 | 52,000 10,000 |
|||
| Trafford Council: | ||||||
| Day Support | 6,978 | 6,978 | 38,916 | |||
| Falls Prevention |
/ | |||||
| Prevention | and | |||||
| Wellbeing Home Library Tap Funding Man With APan |
43,440 27,504 12,000 |
43,440 27,504 12,000 |
53,885 27,504 11,800 22,694 |
|||
| Covid Hub (repurposed |
||||||
| MWAP) Homecare transformation |
13,500 16,667 |
13,500 16,667 |
8,333 | |||
| Healthy Lifestyles | 13,000 | 13,000 | ||||
| Trafford Council / Trafford |
CCG | |||||
| (joint funded): Dementia Adviser Skills for Care |
Project | 116,000 6,857 |
116,000 6,857 |
101,790 9,973 |
||
| South Trafford Primary |
Care | |||||
| Network: | ||||||
| Social Prescribing | 61,930 | 61,930 | 17,057 | |||
| Trafford West Primary |
Care | |||||
| Network | ||||||
| Social Prescribing | 11,847 | 11,847 | ||||
| Age UK Eon Benefits Advice |
11,966 | 11,966 | 22,630 | |||
| Other | 8,975 | 8,975 | 9,045 | |||
| The Big Knit Private Payers Day Support |
59,851 | 59,851 | 1,355 189,698 |
|||
| Trafford Collective |
Partner | |||||
| Payment GMCVO Walking grant |
2,500 | 2,500 | 1,000 | |||
| Salford CVS History Makers Other income |
1,250 23,666 |
1,250 23,666 |
34,479 | |||
| 11,966 | 477,965 | 489,931 | 612,159 | |||
| Covid-1 9funding (seenote 4b) | 193,019 | 131,506 | 324,525 | 8,373 | ||
| 204,985 | 609,471 | 814,456 | 620,532 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| 5 | 6 | 6 | 6 | ||
| Grants | |||||
| Trafford CCG: | |||||
| Covid-19 grant | 9,007 | 9,007 | 2,993 | ||
| Trafford Council: | |||||
| Covid Hub | 8,799 | 8,799 | |||
| Inclusive Neighbourhoods | 2,000 | 2,000 | 1,415 | ||
| Infection Control | 19,250 | 19,250 | |||
| VCSE Digital grant | 4,992 | 4,992 | |||
| Telephone CEV/Shielding |
Support | 15,998 | 15,998 | ||
| Age UK Covid Emergency HMRC CJRS/SSPRS |
Appeal | 10,585 77,615 |
27,305 | 37,890 77,615 |
3,765 |
| Tralford Housing Trust Covid-19 funding |
3,400 | 3,400 | 200 | ||
| Sport England Ambition forAgeing |
3,585 1,500 |
3,585 1,500 |
|||
| National Lottery |
|||||
| Social Enterprise Fund |
Support | 56,842 | 56,842 | ||
| Community Fund |
40,892 | 40,892 | |||
| Non-essential | Retail | ||||
| Government grants Forever Manchester |
39,434 2,971 |
39,434 2,971 |
|||
| Shell Benevity | 350 | 350 | |||
| 193,019 | 131,506 | 324,525 | 8,373 |
| he profit a | nd loss account | for the year ended 31 March 20 | 21 is as follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Turnover | ||||
| Operating | costs | (1,153) | (857) | |
| Operating loss Other interest receivable |
and similar income | (1,153) | (857) 18 |
|
| Loss for the year Distributed to parent |
(1,153) | (839) (6,398) |
||
| Retained | in the subsidiary | (1,153) | (7,237) |
| 2021f | 2020 6 |
||||||
|---|---|---|---|---|---|---|---|
| Current assets | 2,197 | 3,350 | |||||
| Creditors: | amounts | falling | due within one year | (1,153) | (1,153) | ||
| Total net assets | 1,044 | 2,197 | |||||
| Aggregate | share of | capital | and reserves | 1,044 | 2,197 | ||
| GOVERNANCE | COSTS | ||||||
| 2021 | 2020 | ||||||
| 6 | E | ||||||
| Staff costs | 5,984 | 5,276 | |||||
| Legal and Office and |
professional fees communication costs |
13,388 848 |
11,060 824 |
||||
| 20,220 | 17,160 |
| D Cl0 0 Cl IC c |
|||||||
|---|---|---|---|---|---|---|---|
| IC Ct00 |
0 | Cl E o. |
00 ol0E0 IL |
cs 0 cl 0 0 '0 00 Ct0 |
2021 Total |
2020 as restated Total |
|
| Costs of | |||||||
| generating | |||||||
| funds | |||||||
| Fundraising | 1,451 | 139 | 528 | 2,118 | 1,734 | ||
| Charity shops | 64,328 | 145 | 57,974 | 7,534 | 8,713 | 138,694 | 141,512 |
| Commercial | |||||||
| trading operation |
1,153 | 1,153 | 857 | ||||
| 65779 | 145 | 58,113 | 8,062 | 9866 | 141965 | 144 103 | |
| Charitable | |||||||
| activities | |||||||
| Enabling older people |
488,648 | 199 | 39.756 | 88,691 | 3,666 | 620,960 | 624,963 |
| Governance | |||||||
| costs | 5,984 | 122 | 432 | 13,682 | 20,220 | 17,160 | |
| 494,632 | 199 | 39,878 | 89,123 | 17348 | 641,180 | 642,123 | |
| Total | |||||||
| expenditure | 560411 | 344 | 97991 | 97,185 | 27,214 | 783145 | 786226 |
| Total expe | nditure of th |
e Charity and the subsidiary includes: |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | K | |||
| Auditor's Auditor's |
remuneration remuneration |
—audit and accounting fees —other non audit fees |
9,000 420 |
10,500 864 |
| Depreciation and amortisation Operating leases |
40,778 32,509 |
42,655 30,308 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | |||||
| Salaries and wages Social security costs Pension contributions |
484,475 30,620 38,054 |
479,652 31,182 37,033 |
|||
| Funding actuarial deficit |
15,462 | 30,924 | |||
| 568,611 | 578,791 | ||||
| Adjustment from movement |
in defined | benefit pension scheme | |||
| valuation | (15,000) | (31,000) | |||
| 553,611 | 547,791 | ||||
| The average weekly number | ofemployees | during the year was: | Number | Number | |
| Management and administration Trading operations Community based operations |
2 5 17 |
2 6 17 |
|||
| 24 | 25 |
| Consolidation | ||||||
|---|---|---|---|---|---|---|
| 2021 | Charity | Company | adjustments | Total | ||
| funds | funds | 2021 | 2021 | |||
| 8 | E | 8 | ||||
| Income | 876,154 | 876,154 | ||||
| Expenditure | (781,992) | (1,153) | (783,145) | |||
| Net income | 94,162 | (1,153) | 93,009 | |||
| Gain on investment | 45,919 | 45,919 | ||||
| Other finance costs Actuarial loss |
(8,000) (9,000) |
(8,000) (9,000) |
||||
| Retained resources for the year | 123,081 | (1,153) | 121,928 | |||
| urther details ofthe results ofthe trading | subsidiary | are set out in | note 5. | |||
| here were no other dilferences | in the movements | in | funds between | the Charity and the group. | ||
| Consolidation | ||||||
| Charity | Company | adjustments | Total | |||
| 2020 | funds | funds | 2020 | 2020 | ||
| E | K | 8 | 8 | |||
| Income | 798,281 | 18 | (6,398) | 791,901 | ||
| Expenditure | (778,369) | (857) | (779,226) | |||
| Net income | 19,912 | (839) | (6,398) | 12,675 | ||
| Loss on investment Other finance costs Actuarial gain Distribution —inter group |
(9,985) (7,000) 29,000 |
(6,398) | 6,398 | (9,985) (7,000) 29,000 |
||
| Retained resources for the year | 31,927 | (7,237) | 24,690 |
| ANGIBLE FIXEDASSE Group and Charity |
TS | |||||
|---|---|---|---|---|---|---|
| Long | Leased | |||||
| leasehold | Motor | Fixtures & | building | |||
| buildings E |
vehiclesf | equipment E |
alterations E |
Total E |
||
| Cost | ||||||
| At 1 April 2020 Additions |
936,737 | 67,852 | 82,875 2,560 |
17,964 | 1,105,428 2,560 |
|
| Disposals | (18,338) | (5,760) | (24,098) | |||
| At 31 March 2021 | 936,737 | 67,852 | 67,097 | 12,204 | 1,083,890 | |
| Depreciation At 1 April 2020 |
82,118 | 31,297 | 78,929 | 17,964 | 210,308 | |
| Charge for year Disposals |
18,747 | 16,963 | 2,521 (18,338) |
(5,760) | 38,231 (24,098) |
|
| At 31 March 2021 | 100,865 | 48,260 | 63,112 | 12,204 | 224,441 | |
| Net book amount at 31 | ||||||
| March 2021 | 835,872 | 19,592 | 3,985 | 859,449 | ||
| Net book amount at 31 | ||||||
| March 2020 | 854,619 | 36,555 | 3,946 | 895,120 | ||
| NTANGIBLE FIXEDASSETS | ||||||
| Group and Charity | ||||||
| Softwaref | ||||||
| Cost | ||||||
| At 1 April 2020 and 31 | ||||||
| March 2021 | 10,188 | |||||
| Amortisation | ||||||
| At 1 April 2020 | 5,094 | |||||
| Charge for year | 2,547 | |||||
| At 31 March 2021 | 7,641 | |||||
| Net book amount at 31 | March | 2021 | 2,547 | |||
| Net book amount at 31 | March | 2020 | 5,094 |
| FIXEDASSE | T INVESTME | NTS | |||||
|---|---|---|---|---|---|---|---|
| The group | 2021 Totalf |
2020 Total E |
|||||
| Market value at 1 April 2020 Purchases |
191,911 | 1,896 200,000 |
|||||
| Gain/(loss) | on investment | 45,919 | (9,985) | ||||
| Market value at 31 March | 2021 | 237,830 | 191,911 | ||||
| The Charity | |||||||
| As above | 237,830 | 191,911 | |||||
| Investment | in subsidiary | company (see below) | 2 | 2 | |||
| 237,832 | 191,913 | ||||||
| Reserves | |||||||
| Class of | Proportion | 31 March | |||||
| Name | shares | held | held | 2021 | |||
| 8 | |||||||
| Age UK Trafford (Trading) | Limited | Ordinary | 100% | 1,042 |
| The Group | The Charity | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| K | 6 | 6 | 6 | |||
| Other debtors | 6,763 | 6,500 | 6,763 | 6,500 | ||
| Amounts owed by Age UK Trafford (Trading) Limited Prepayments and accrued income |
62,542 | 76,811 | 13 62,542 |
13 76,811 |
||
| 69,305 | 83,311 | 69,318 | 83,324 |
| REDITORS: AM | OUNTS FALLING |
DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|---|
| The Group | The Charity | ||||
| 2021 | 2020 | 2021 | 2020 | ||
| 6 | 6 | 8 | 8 | ||
| Accruals | 70,562 | 55,862 | 69,421 | 54,722 | |
| Deferred income | (see below) | 76,420 | 21,433 | 76,420 | 21,433 |
| 146,982 | 77,295 | 145,841 | 76,155 | ||
| EFERRED INCOME | |||||
| The Group | The Charity | ||||
| 2021 | 2020 | 2021 | 2020 | ||
| 8 | F | 6 | |||
| Balance at 1 April | 2020 | 21,433 | 13,694 | 21,433 | 13,694 |
| Amount released | to income | (21,433) | (13,694) | (21,433) | (13,694) |
| Amount deferred | in the year | 76,420 | 21,433 | 76,420 | 21,433 |
| Balance at 31 March 2021 | 76,420 | 21,433 | 76,420 | 21,433 |
| assets | measured at amortised cost: |
||||
|---|---|---|---|---|---|
| The | Group | The | Charity | ||
| 2021f | 2020f | 2021f | 2020f | ||
| Included | within debtors and cash at | ||||
| bank and | in hand | 767,560 | 567,377 | 765,376 | 564,040 |
| The | Group | The | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2021f | 2020f | 2021 | 2020f | |||||
| Included | within | creditors |
| UNDS | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Movement | in year | ||||||||||
| GROUP | |||||||||||
| Balance at | Expenditure | Balance at | |||||||||
| 31 March | Income | incl losses & | 31 March |
||||||||
| 2020 | incl gains | transfers | 2021 | ||||||||
| 6 | E | F | F | ||||||||
| Restricted | |||||||||||
| Skills for Care Project | 3,838 | (3,838) | |||||||||
| GMCVO | 1,000 | (1,000) | |||||||||
| Eon | 11,966 | (11,966) | |||||||||
| Covid-19 related | income (note 4b) | 193,019 | (193,019) | ||||||||
| 4,838 | 204,985 | (209,823) | |||||||||
| Unrestricted | |||||||||||
| Designated | funds: | ||||||||||
| Project development continuity Fixed asset fund |
and services | 214,749 900,214 |
307,800 | (209,350) (38,218) |
313,199 861,996 |
||||||
| Sharpies building |
fund | 33,753 | 17,157 | (15,240) | 35,670 | ||||||
| 1,148,716 | 324,957 | (262,808) | 1,210,865 | ||||||||
| Other charitable | funds | 503,267 | 392,131 | (324,361) | 571,037 | ||||||
| 1,651,983 | 717,088 | (587,169) | 1,781,902 | ||||||||
| Non-charitable | trading | funds | 2,197 | (1,153) | 1,044 | ||||||
| 1,654,180 | 717,088 | (588,322) | 1,782,946 | ||||||||
| Total funds | before | defined | benefit | ||||||||
| pension liability |
1,659,018 | 922,073 | (798,145) | 1,782,946 | |||||||
| Defined benefit |
pension | liability | (9,000) | - | (2,000) | (11,000) | |||||
| Total funds | 1,650,018 | 922,073 | (800,145) | 1,771,946 |
| NDS continued ofnet assets between funds |
|||
|---|---|---|---|
| 2021 | Unrestricted | Restricted | 2021 |
| fundsf | funds E |
Total E |
|
| The group Tangible fixed assets Intangible fixed assets Investments |
859,449 2,547 237,830 |
859,449 2,547 237,830 |
|
| Net current assets | 683,120 | 683,120 | |
| Pension liability |
(11,000) | (11,000) | |
| 1,771,946 | 1,771,946 | ||
| The Charity Tangible fixed assets Intangible fixed assets Investments |
859,449 2,547 237,832 |
859,449 2,547 237,832 |
|
| Net current assets | 682,077 | 682,077 | |
| Pension liability |
(11,000) | (11,000) | |
| 1,770,905 | 1,770,905 | ||
| 2020 | Unrestricted | Restricted | 2020 |
| funds | funds | Total | |
| 6 | E | E | |
| The group Tangible fixed assets Intangible fixed assets Investments |
895,120 5,094 191,911 |
895,120 5,094 191,911 |
|
| Net current assets | 562,055 | 4,838 | 566,893 |
| Pension liability |
(9,000) | (9,000) | |
| 1,645,180 | 4,838 | 1,650,018 | |
| The Charity Tangible fixed assets Intangible fixed assets Investments |
895,120 5,094 191,913 |
895,120 5,094 191,913 |
|
| Net current assets | 559,858 | 4,838 | 564,696 |
| Pension hability |
(9,000) | (9,000) | |
| 1,642,985 | 4,838 | 1,647,823 |
| he assets | and liabilities o | fthe scheme at 31 March | are: | |
|---|---|---|---|---|
| 31 March | 31 March | |||
| 2021 | 2020 | |||
| K'000 | K'000 | |||
| Scheme assets at fair va/ue | ||||
| Equities Diversified |
growth fund | 271 175 |
194 163 |
|
| Property Gilts and |
Bonds | 923 | 94 853 |
|
| Cash | 34 | 12 | ||
| Fair value | ofscheme assets | 1,403 | 1,316 | |
| Present value ofscheme | liabilities | (1,414) | (1,325) |
| 31 March | 31 March | 31 March | 31 March | 31 March | 31 March | 31 March | 31 March | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assumptions as at |
2021 | 2020 | 2019 | 2018 | |||||||
| Rate of increase in salaries |
N/A | N/A | N/A | N/A | |||||||
| Rate ofincrease to pensions in payment members who left service before 6/4/97 |
for | 3.1% | 3.0% | 3.4% | 3.3% | ||||||
| Rate ofincrease to pensions in payment |
for | ||||||||||
| other members: | |||||||||||
| Pre 6/4/06 pension Post 6/4/06 pension Discount rate for scheme |
liabilities | 30% 2 5% 2.1% |
3.0% 2.5% 22% |
34% 2 5% 24% |
3.3% 2.5% 2.6% |
||||||
| Inflation (RPI) assumption | 31% | 2.8% | 34% | 33% | |||||||
| he mortality assumptions |
for the disclosures | at | 31 March 2021 | were: | |||||||
| 31 March 2021 | 31 March 2020 | 31 | March 2019 | 31 | March 2018 | ||||||
| 95% of S3P base |
$3P base |
tables | S2P base |
tables | $2P base |
tables | |||||
| tables projected by |
projected by |
year | of | projected | by | year of |
projected | by | year of |
||
| year of birth assuming | birth assuming |
future | birth assuming |
future | birth assuming |
future | |||||
| future improvement in line with CMI 2020 |
improvement in line with CMI 2019 core |
improvement in line with CMI 2018 core |
improvement in with CMI 2017 |
line core |
|||||||
| core projections with a |
projections with |
a | projections | with a |
projections | with | a | ||||
| long-term rate of improvement of 1.0% |
long-term rate of improvement of 1.0% |
long-term improvement |
rate of of 1.0% |
long-term rate improvement of |
of 1.0% |
||||||
| pa. | pa. | pa. | pa. | ||||||||
| The assumed life retirement at age 65are: |
expectancies | on | 31 March 2021 |
31 March 2020 |
31 March 2019 |
31 March 2018 |
|||||
| Retiring today - males Retiring today - females Retiring in 20 years - males Retiring in 20 years - females |
87.1 89.4 88.1 90.6 |
86.7 89.0 87.7 90.2 |
86.3 88.2 87.3 89.4 |
86.8 88.7 87.8 89.9 |
| Analysis ofthe | amounts | charged to operating surplus i(defi |
cit) | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E'000 | E'000 | |||||
| Past service cost | ||||||
| Administration | expenses | |||||
| interest on defined benefit |
liability | |||||
| Total operating | charge recognised in Statement of Financial |
|||||
| Activities | ||||||
| Analysis ofthe | amounts | (credited) icharged to other comprehensive | income | |||
| 2021 | 2020 | |||||
| Taken to other comprehensive income |
K'000 | E'000 | ||||
| Actual return on pension | scheme assets | 121 | 150 | |||
| Less: amounts | included | in net interest on the | ||||
| net defined benefit liability |
(29) | (28) | ||||
| Remeasurement | gains | and losses |
||||
| recognised in income |
other comprehensive |
92 | 122 |
| osses | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E'000 | E'000 | ||||||
| Actual | return | less expected |
return | on | |||
| pension | scheme | assets | 92 | 122 | |||
| Experience gains and (losses) | arising on | the | |||||
| scheme | liabilities | (101) | (93) | ||||
| Changes | in assumptions |
underlying | the | ||||
| present | value of | the scheme | liabilities | ||||
| Actuarial | (loss)/gain | (9) | 29 |
| Changes in the fair value of plan assets are |
analysed as follow |
s: | |
|---|---|---|---|
| 2021 | 2020 | ||
| E'000 | E'000 | ||
| Assets in scheme at start ofyear |
1,316 | 1,181 | |
| Movement in year: Interest income on scheme assets |
29 | 28 | |
| Actuarial gain/(loss) on scheme assets Contributions by company |
92 15 |
122 31 |
|
| Contribution by employees |
|||
| Benefits paid | (41) | (40) | |
| Administration costs |
(8) | (6) | |
| Assets in scheme at end ofyear |
1,403 | 1,316 | |
| Changes in the present value ofthe defined |
benefit obligations | are analysed | as follows: |
| Changes in the presen |
t value | ofthe | defin | ed benefit o |
bligations are analyse |
d as follo |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 8'000 | 8'000 | |||||
| Liabilities in scheme at start ofyear |
1,325 | 1,243 | ||||
| Movement in year: Interest cost |
29 | |||||
| Past service cost | ||||||
| Experience losses | on scheme liabilities | 101 | 93 | |||
| Loss arising |
from | changes | in | |||
| assumptions underlying |
the | scheme | ||||
| liabilities | ||||||
| Benefits paid | (41) | (40) | ||||
| Liabilities in scheme at end ofyear |
1,414 | 1,325 | ||||
| Movement in deficit during the year |
||||||
| 2021 | 2020 | |||||
| E'000 | E'000 | |||||
| Deficit in scheme at start of year | (9) | (62) | ||||
| Movement in year: |
||||||
| Current service cost etc | (8) | (6) | ||||
| Contributions | 15 | 31 | ||||
| Interest cost | (1) | |||||
| Actuarial (loss)/gain |
(9) | 29 | ||||
| Deficit in scheme at end ofyear | (9) |
| . PRIOR YEAR CO |
NSO | LIDATED | STATEMEN | T OF FINANCIAL | ACTIVITIES | |
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | |||||
| Funds | Funds | Total 2020 | ||||
| 2020as | 2020 | |||||
| restated | as restated | |||||
| 6 | ||||||
| Income | ||||||
| Income from generated funds Donations and legacies Other trading activities Investment income |
37,882 130,932 2,555 |
37,882 130,932 2,555 |
||||
| Income from charitable | activities | 38,793 | 581,739 | 620,532 | ||
| Total income | 38,793 | 753,108 | 791,901 | |||
| Expenditure on: Raising funds Charitable activities |
36,443 | 144,103 598,680 |
144,103 635,123 |
|||
| Total expenditure | 36,443 | 742,783 | 779,226 | |||
| Other finance costs | 7,000 | 7,000 | ||||
| Net income | 2,350 | 3,325 | 5,675 | |||
| Transfers between funds |
||||||
| Other recognised gains and losses Losses on revaluation of investments |
(9,985) | (9,985) | ||||
| Actuarial gain/(loss) pension scheme |
on | defined | benefit | 29,000 | 29,000 | |
| Net movement in funds |
2,350 | 22,340 | 24,690 | |||
| Reconciliation offunds | ||||||
| Total funds brought 1 April 2019 |
forward at | 2,488 | 1,622,840 | 1,625,328 | ||
| Total funds carried forward at 31 | March | |||||
| 2020 | 4,838 | 1,645,180 | 1,650,018 |