##
##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Governors|and Advisers|1-2|
|Chairman's
Statement|||||
|Governors'
Report||||4- 17|
|Governors'
Responsibilities||Statement||18|
|Independent
Auditors'|Report on the Financial Statements|||19-21|
|Statement of Financial|Activities|||22-23|
|Balance Sheet||||24|
|Statement ofCash Flows||||25|
|Notes to the Financial|Statements|||26-51|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
|||||Note|2020f|2020
f|2020
6|2020
f|2019
f|
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||legacies||3|115,493|||115,493|1,015,781|
|Charitable
activities:||||6||||||
|School fees|||||9,743,036|||9,743,036|9,910,290|
|Other income|||||24,809|||24,809|67,599|
|Cost of providing||||||||||
|school buses|||||(18,719)|||(18,719)|(11,993)|
|Remissions|||||(1,874,633)|(13,018)||(1,887,651)|(1,077,734)|
|Other trading|activities||||2,369|||2,369|77,604|
|Investments|||||6,942|5,828||12,770|8,534|
|Government|grants||||487,482|||487,482||
|Total|||||8,486,779|(7,190)||8,479,589|9,990,081|
|Expenditure|on:|||||||||
|Raising funds|||||530|3,499||4,029|29,572|
|Charitable
activities:||||||||||
|Welfare|||||720,571|||720,571|843,664|
|Premises|||||2,159,080|||2,159,080|2,206,857|
|Teaching|||||5,408,564|||5,408,564|5,305,977|
|Other charitable||||||||||
|activities|||||880,021|5,347||885,368|986,730|
|Total|||||9,168,766|8,846||9,177,612|9,372,800|
|Net gains/(losses)|||on|||||||
|investments||||||(9,668)||(9,668)|12,273|
|Net income/||||||||||
|(expenditure)|||||(681,987)|(25,704)||(707,691)|629,554|
|Transfers
between||||||||||
|funds||||23|13,018|(13,018)||||
|Net movement||in||||||||
|funds before|other|||||||||
|recognised||||||||||
|gains/(losses)
forward||carried|||(668,969)|(38,722)||(707,691)|629,554|
##
##
|||FOR THE YEA|R ENDED 31A|UGUST 2020|||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
||Note|2020
f.|2020
f|2020
6|2020
F|2019
f|
|Net movement
in|||||||
|funds before other|||||||
|recognised losses
broughtforward||(668,969)|(38,722)||(707,691)|629,554|
|Other recognised|||||||
|gains/(losses):|||||||
|Actuarial
(losses)/gains|||||||
|on defined benefit|||||||
|pension schemes|28|(280,000)|||(280,000)|(530,000)|
|Net movement
in
funds||(948,969)|(38,722)||(987,691)|99,554|
|ReconciTiation of|||||||
|funds:|||||||
|Total funds brought
forward||8,220,957|707,342|45,875|8,974,174|8,874,620|
|Net movement
in funds||(948,969)|(38,722)||(987,691)|99,554|
|Total funds carried
forward||7,271,988|668,620|45,875|7,986,483|8,974,174|
##
##
##
||||||Note||2020f||2019
6|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Intangible
assets|||||13||690||4,515|
|Tangible assets|||||14||10,306,653||10,407,546|
|Investments|||||15||530,786||547,749|
||||||||10,838,129||10,959,810|
|Current assets||||||||||
|Stocks|||||16|81,385||68,948||
|Debtors|||||17|532,612||1,376,961||
|Cash at bank and|in hand|||||1,031,353||625,430||
|||||||1,645,350||2,071,339||
|Creditors: amounts|falling||due within one|||||||
|year|||||18|(2,832,223)||(2,529,790)||
|Net current
liabilities|||||||(1,186,873)||(458,451)|
|Total assets less|current||liabilities||||9,651,256||10,501,359|
|Creditors: amounts|falling||due after more|||||||
|than one year|||||||(724,773)||(807,185)|
|Net assets excluding||pension||liability|||8,926,483||9,694,174|
|Defined benefit pension||scheme||liability|28||(940,000)||(720,000)|
|Total net assets|||||||7,986,483||8,974,174|
|Charity funds||||||||||
|Endowment
funds|||||23||45,875||45,875|
|Restricted funds|||||23||668,620||707,342|
|Unrestricted
funds|||||23||7,271,988||8,220,957|
|Total funds|||||||7,986,483||8,974,174|
##
##
||||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||||
|---|---|---|---|---|---|---|---|
|||FOR|THE|YEAR ENDED 31 AUGUST|2020|||
||||||Note|2020f|2019f|
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities||||25|1,142,047|64,357|
|Cash flows from investing||activities||||||
|Proceeds from the disposal||oftangible|fixed|assets|||5,035|
|Purchase oftangible
fixed assets||||||(640,852)|(458,221)|
|Proceeds from sale of investments||||||51,134|32,574|
|Purchase of investments||||||(52,694)|(27,548)|
|Dividend
income||||||5,828|5,518|
|Interest received||||||6,942|3,016|
|Net cash used in investing||activities||||(629,642)|(439,626)|
|Cash flows from financing||activities||||||
|Loan repayments
in year||||||(49,381)|(49,261)|
|Capital repayments
in year||||||(52,622)|(103,999)|
|Net cash used in financing||activities||||(102,003)|(153,260)|
|Change
in cash and cash||equivalents|in|the year||410,402|(528,529)|
|Cash and cash equivalents||at the beginning||ofthe year||609,241|1,137,770|
|Cash and cash equivalents||at the end of||the year|26|1,019,643|609,241|
|The notes on pages 26 to 51 form part|||ofthese financial statements|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||NOTES TO THE FINAN
FOR THE YEAR ENDE|NOTES TO THE FINAN
FOR THE YEAR ENDE|CIAL STATEMENTS
D 31 AUGUST 2020|||
|---|---|---|---|---|---|---|---|
||Income from|donations|and legacies|||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2020
6|2020
6|2019f|
||Donations||||109,993|109,993|115,781|
||Legacies||||5,500|5,500|900,000|
||Total 2020||||115,493|115,493|1,015,781|
||Total 2019||||1,015,781|1,015,781||
|4.|Income from|other trading||activities||||
||Income from|fundraising||events||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2020
6|2020f|2019f|
||Lettings and|event income|||2,369|2,369|77,604|
||Total 2020||||2,369|2,369|77,604|
||Total 2019||||77,604|77,604||
|5.|Investment|income||||||
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020f|2020
6|2020
6|2019
6|
|Investment|income from listed investments||5,828|5,828|5,518|
|Deposit account interest||6,942||6,942|3,016|
|Total 2020||6,942|5,828|12,770|8,534|
|Total 2019||3,016|5,518|8,534||
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020
6|2020|2020
6|2019f|
|Schoolfees||9,743,036||9,743,036|9,910,290|
|Otherlncome||24,809||24,809|67,599|
|Cost of providing|school buses|(18,719)||(18,719)|(11,993)|
|Remissions||(1,874,633)|(13,018)|(1,887,651)|(1,077,734)|
|||7,874,493|(13,018)|7,861,475|8,888,162|
|Total 2019||8,902,112|(13,950)|8,888,162||
##
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2020f|2020f|2019f|
|Coronavirus|Job|Retention|Scheme|grants|487,482|487,482||
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020f|2020f|2020f|2019f|
|Lettings and
Investment|event costs
management|fees|530|3,499|530
3,499|26,164
3,408|
||||530|3,499|4,029|29,572|
|Tl2019|||26,164|3,408|29,572||
##
||Direct|Support|Total|Total|
|---|---|---|---|---|
||costs|costs|funds|funds|
||2020f|2020f|2020f|2019|
|Teaching
Premises|5,339,017
1,415,158|69,547
743,922|5,408,564
2,159,080|5,305,977
2,206,857|
|Welfare|720,571||720,571|831,064|
|Other|825,495|59,873|885,368|999,330|
||8,300,241|873,342|9,173,583|9,343,228|
|Ttl2019|8,495,197|848,031|9,343,228||
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||Teaching|Premises|Welfare|Other|funds|funds|
|||2020
f|2020
f|2020
6|2020
6|2020
6|2019
6|
|Pension finance||||||||
|costs|||||10,000|10,000|10,000|
|Staff costs||4,940,524|701,994|454,856|532,132|6,629,506|6,528,408|
|Teaching||||||||
|resources||177,540||||177,540|238,677|
|Premises|and|||||||
|grounds|||67,808|||67,808|85,057|
|Rates|||67,264|||67,264|65,314|
|Insurance||17,012|72,014|||89,026|79,848|
|Light, heat|and|||||||
|water|||227,748|||227,748|226,937|
|Other teaching||||||||
|costs||132,281||||132,281|151,278|
|Travel||71,660||1,405||73,065|75,994|
|Catering||||249,019||249,019|330,761|
|Laundry||||7,430||7,430|17,213|
|Nursing||||7,861||7,861|12,828|
|Cleaning|||78,539|||78,539|58,447|
|Maintenance|||199,791|||199,791|273,164|
|Marketing|and|||||||
|development|||||78,306|78,306|122,320|
|ITcosts|||||83,750|83,750|107,886|
|Administration|||||81,464|81,464|85,732|
|Recruitment|||||14,867|14,867|9,304|
|Bad debts|||||24,976|24,976|16,029|
|||5,339,017|1,415,158|720,571|825,495|8,300,241|8,495,197|
|Total 2019||5,305,977|1,494,960|831,064|863,196|8,495,197||
##
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
||Governance|Premises|Finance|funds|funds|
||2020
6|2020f|2020f|2020
6|2019
f.|
|Depreciation
and amortisation||711,932||711,932|711,699|
|Loss/(profit)
on disposal of
assets||31,990||31,990|198|
|Bank charges|||25,679|25,679|15,644|
|Bank interest|||7,323|7,323|9,202|
|Leasing interest|||26,871|26,871|32,274|
|Governance
costs|69,547|||69,547|79,014|
||69,547|743,922|59,873|873,342|848,031|
|Total 2019|30,780|711,897|105,354|848,031||
|Net income/(expenditure)||||||
|Net income/(expenditure)
is stated after charging/(crediting):||||||
|||||2020f|2019f|
|Auditors'
remuneration||||10,500|11,250|
|Depreciation
—owned assets||||658,441|654,250|
|Depreciation
-assets on finance|lease|||49,666|49,666|
|Deficit on disposal offixed asset||||31,990|198|
|Computer
software amortisation||||3,825|7,783|
|Operating
lease payments||||76,412|73,254|
##
##
##
##
##
||2020|2019|
|---|---|---|
||6|6|
|Wages and salaries|5,142,832|5,185,261|
|Social security costs|477,401|492,133|
|Other pension costs|1,009,273|851,014|
||6,629,506|6,528,408|
||2020|2019|
|---|---|---|
||No.|No.|
|Teaching|117|119|
|Support|18|14|
|Welfare|28|29|
|Premises|37|38|
||200|200|
|2020|2019|
|---|---|
|No.|No.|
##
##
##
||NOTES TO THE FINANCIAL S
FOR THE YEAR ENDED 31A|TATEMENTS
UGUST 2020|
|---|---|---|
|13.|Intangible assets||
|||Computer|
|||softwaref|
||Cost||
||At 1 September 2019|67,697|
||Disposals|(32,363)|
||At 31 August 2020|35,334|
||Amortisation||
||At 1 September 2019|63,182|
||Charge for the year|3,825|
||On disposals|(32,363)|
||At 31 August 2020||
||Net book value||
||At 31 August 2020|690|
||At 31 August 2019|4,515|
##
##
##
##
||Freehold|Plant and|Fixtures and|Motor|Computer||
|---|---|---|---|---|---|---|
||property
6|machinery
f|fittings
6|vehiclesf|equipment
6|Total
6|
|Cost orvaluation|||||||
|At 1 September 2019|14,280,127|1,015,714|2,453,495|13,926|354,087|18,117,349|
|Additions|16,684||145,817|7,095|471,256|640,852|
|Disposals|(177,711)||(420,372)|(2,400)|(67,544)|(668,027)|
|At 31August 2020|14,119,100|1,015,714|2,178,940|18,621|757,799|18,090,174|
|Depreciation|||||||
|At 1 September 2019|5,354,234|132,872|1,976,759|4,697|241,241|7,709,803|
|Charge for the year|448,101|50,786|148,305|5,004|55,911|708,107|
|On disposals|(151,557)|-|(419,667)|(2,300)|(60,865)|(634,389)|
|At 31 August 2020|5,650,778|183,658|1,705,397|7,401|236,287|7,783,521|
|Net book value|||||||
|At 31 August 2020|8,468,322|832,056|473,543|11,220|521,512|10,306,653|
|At 31 August 2019|8,925,893|882,842|476,736|9,229|112,846|10,407,546|
##
##
##
|||NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2020||
|---|---|---|---|
||Fixed assets, included|in the above, which are held under finance leases are as follows:||
|||Plant and||
|||machinery||
|||2020f|2019f|
||Cost|||
||At 1 September|993,321|993,321|
||Additions|||
|||993,321|993,321|
||Depreciation|||
||At 1 September|132,294|82,628|
||Charge for year|49,666|49,666|
|||181,960|132,294|
||Net book value|||
||At 31 August|811,361|861,027|
|15.|Fixed asset investments|||
||||Listed|
||||investments|
||||6|
||Cost or valuation|||
||At 1 September 2019||547,749|
||Additions||52,694|
||Disposals||(51,134)|
||Revaluations||(18,523)|
||At 31August 2020||530,786|
||Net book value|||
||At 31August 2020||530,786|
||At 31 August 2019||547,749|
##
##
##
|16.|Stocks||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||Stocks||||||81,385|68,948|
|17.|Debtors||||||||
||||||||2020
f|2019
f|
||Due within one year||||||||
||Trade debtors||||||170,732|161,807|
||Other debtors||||||1,613||
||Prepayments|and|accrued income||||360,267|1,215,154|
||||||||532,612|1,376,961|
|18.|Creditors: Amounts|||falling due||within one year|||
||||||||2020|2019|
||||||||5|6|
||Bank loans and overdrafts (see note 20)||||||49,124|49,812|
||Trade creditors||||||715,327|638,784|
||Other taxation|and|social security||||594,584|224,661|
||Finance lease|(see note|||21)||100,983|109,930|
||Other creditors||||||227,669|114,405|
||Accruals and deferred|||income|||1,144,536|1,392,198|
||||||||2,832,223|2,529,790|
||||||||2020
5|2019f|
||Deferred income||||||||
||Deferred income at 1|||September||2019|1,313,752|1,219,291|
||Resources deferred||during the year||||1,075,026|1,313,752|
||Amounts
released||from previous|||periods|(1,313,752)|(1,219,291)|
||||||||1,075,026|1,313,752|
##
##
##
|||||2020f|2019f|
|---|---|---|---|---|---|
||Bank loans (see note 20)|||160,069|208,762|
||Finance lease (see note 21)|||370,089|413,764|
||Other creditors|||194,615|184,659|
|||||724,773|807,185|
|20.|Loans|||||
||An analysis ofthe maturity|of|loans is given below:|||
|||||2020
f|2019
f|
||Amounts
falling due within
Bank loans|one year on demand:||49,124|49,812|
||Amounts
falling between
Bank loans - 1-2 years|one|and two years:|49,124|49,124|
||Amounts
falling due between
Bank loans -2-5 years||two and five years.|110,945|147,372|
||Amounts
falling due in more than five years:|||||
||Repayable
by instalments:
Bank loans more 5 years||||12,266|
##
##
##
##
|||Finance||
|---|---|---|---|
|||lease||
|||2020|2019|
|||8|E|
|Net obligations|repayable:|||
|Within one year||100,983|109,930|
|Between one and|five years|370,089|413,764|
|In more than five|years|||
|||471,072|523,694|
|||2020f|2019f|
|---|---|---|---|
|Within one year||57,097|70,934|
|Between one and five years||67,581|122,359|
|||124,678|193,293|
|Secured debts||||
|The following secured debts are included|within creditors:|||
|||2020
6|2019f|
|Bank loans||209,193|258,574|
|Finance leases||471,072|523,694|
|||680,265|782,268|
##
##
##
##
|Statement offunds|Statement offunds||||||
|---|---|---|---|---|---|---|
|Statement offunds - current year|||||||
||Balance at 1|||||Balance at|
||September|||Transfers|Gains/|31 August|
||2019|income|Expenditure|in/out|(Losses)|2020|
||8|6|8|8|6|8|
|Unrestricted|||||||
|funds|||||||
|Revenue|||||||
|reserve|7,320,957|8,486,779|(9,168,766)|313,018|(280,000)|6,671,988|
|Designated|||||||
|Funds|900,000|||(300,000)||600,000|
||8,220,957|8,486,779|(9,168,766)|13,018|(280,000)|7,271,988|
|Endowment|||||||
|funds|||||||
|Foundation|||||||
|endowment|45,875|||||45,875|
|Restricted|||||||
|funds|||||||
|Barnard Castle|||||||
|School Prize &|||||||
|Scholarship
Fund|499,685|(7,190)|(3,499)||(9,668)|479,328|
|Hearnshaw|||||||
|Legacy|113,004|||(13,018)||99,986|
|Science Centre|||||||
|Donation|94,653||(5,347)|||89,306|
||707,342|(7,190)|(8,846)|(13,018)|(9,668)|668,620|
|Total offunds|8,974,174|8,479,589|(9,177,612)||(289,668)|7,986,483|
##
##
##
|23.|Statement offunds (continued)|Statement offunds (continued)||||||
|---|---|---|---|---|---|---|---|
||Statement offunds - prior year|||||||
|||Balance at|||||Balance at|
|||1 September|||Transfers|Gains/|31 August|
|||2018|Income
6|Expenditure|in/outf|(Losses)
6|2019
6|
||Unrestricted|||||||
||funds|||||||
||Revenue|||||||
||reserve|8,102,539|9,998,513|(9,364,045)|(886,050)|(530,000)|7,320,957|
||Designated|||||||
||Funds||||900,000||900,000|
|||8,102,539|9,998,513|(9,364,045)|13,950|(530,000)|8,220,957|
||Endowment|||||||
||funds|||||||
||Foundation|||||||
||endowment|45,875|||||45,875|
||Restricted|||||||
||funds|||||||
||Barnard Castle|||||||
||School Prize &|||||||
||Scholarship|||||||
||Fund|499,252|(8,432)|(3,408)||12,273|499,685|
||Heamshaw|||||||
||Legacy|126,954|||(13,950)||113,004|
||Science Centre|||||||
||Donation|100,000||(5,347)|||94,653|
|||726,206|(8,432)|(8,755)|(13,950)|12,273|707,342|
||Total offunds|8,874,620|9,990,081|(9,372,800)||(517,727)|8,974,174|
##
##
##
##
##
##
|Analysis|ofnet assets between funds -|prior period||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2019
f.|2019|2019f|2019f|
|Tangible|fixed assets|10,271,930|89,741|45,875|10,407,546|
|Intangible|fixed assets|4,515|||4,515|
|Fixed asset investments||16,963|530,786||547,749|
|Current assets||2,001,487|69,852||2,071,339|
|Creditors|due within one year|(2,529,790)|||(2,529,790)|
|Creditors|due in more than one year|(807,185)|||(807,185)|
|Provisions|for liabilities and charges|(720,000)|||(720,000)|
|Other unallocated||(16,963)|16,963|||
|Total||8,220,957|707,342|45,875|8,974,174|
||||||||2020f|2019f|
|---|---|---|---|---|---|---|---|---|
|Net
income/expenditure||for the|period|(as per|Statement|of Financial|||
|Activities)|||||||(707,691)|629,554|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||711,932|711,699|
|Losses/(gain)
on investments|||||||9,668|(12,273)|
|Interest received|||||||(6,942)|(3,016)|
|Loss on the sale of|fixed assets||||||31,990|198|
|Increase
in stocks|||||||(12,437)|(24,878)|
|Decrease/(increase)|in debtors||||||844,349|(926,482)|
|Increase/(decrease)|in creditors||||||337,006|(274,927)|
|Dividend
income|||||||(5,828)|(5,518)|
|Pension
liability adjustment|||||||(60,000)|(30,000)|
|Net cash provided|by operating||activities||||1,142,047|64,357|
##
##
##
|26.|Analysis ofcash and|cash equivalents|||
|---|---|---|---|---|
||||2020|2019f|
||Cash in hand||1,019,643|609,241|
||Total cash and cash|equivalents|1,019,643|609,241|
|27.|Analysis ofchanges|in net debt|||
|||At 1|||
|---|---|---|---|---|
|||September||At 31 August|
|||2019|Cash flows|2020|
|||f|6|f|
|Cash at bank and in hand||625,430|405,923|1,031,353|
|Debt due within|1 year|(49,812)|688|(49,124)|
|Debt due after 1 year||(208,762)|48,693|(160,069)|
|Finance leases||(523,694)|52,622|(471,072)|
|||(156,838)|507,926|351,088|
##
##
##
##
##
##
##
##
##
##
|Principal
actuarial
assumption|s
at the Balance Sheet da|te (expressed as weighted
averages)|:|
|---|---|---|---|
|||At 31 August|At 31 August|
|||2020|2019|
|||0/|0/|
|Discount rate||1.6|1.8|
|Future salary increases||3.4|3.6|
|Future pension increases
RPI inflation||2.4
3.0|2.1
3.1|
|CPI inflation||2.4|2.1|
|Pension accounts revaluation|rate|2.4|2.1|
|||At 31 August|At 31 August|
|||2020|2019|
|||Years|Years|
|Mortality rates (in years)||||
|-for a male aged 65 now||22.2|22.3|
|-at 65for a male aged 45 now||23.2|24.0|
|-for a female aged 65 now||24.2|23.8|
|-at 65for a female aged 45|now|25.7|25.7|
|The charity's|The charity's|share ofthe assets|in the scheme was:|||
|---|---|---|---|---|---|
|||||At 31 August|At 31 August|
|||||2020
f|2019
f|
|Equities||||4,290,000|4,280,000|
|Property||||620,000|610,000|
|Government||bonds||2,070,000|2,180,000|
|Corporate|bonds|||1,270,000|990,000|
|Cash||||420,000|420,000|
|Total fair|value ofassets|||8,670,000|8,480,000|
##
##
##
##
##
||||2020f|2019f|
|---|---|---|---|---|
|Current service cost|||170,000|150,000|
|Past service cost||||80,000|
|Interest income|||(150,000)|(210,000)|
|Interest cost|||160,000|220,000|
|Total amount recognised|in the Statement ofFinancial Activities||180,000|240,000|
|Movements
in the present|value of the defined benefit obligation|were as|follows:||
||||2020f|2019f|
|Opening
defined benefit obligation|||9,200,000|7,780,000|
|Interest cost|||160,000|220,000|
|Contributions
by scheme participants|||20,000|30,000|
|Actuarial losses|||280,000|1,130,000|
|Benefits paid|||(220,000)|(190,000)|
|Past service costs||||80,000|
|Current service cost|||170,000|150,000|
|Closing defined benefit obligation|||9,610,000|9,200,000|
|Movements
in the fair value|ofthe charity's share ofscheme assets were||as follows:||
||||2020f|2019|
|Opening
fair value ofscheme assets|||8,480,000|7,560,000|
|Expected return
on assets|||150,000|210,000|
|Actuarial gains||||600,000|
|Contributions
by employer|||240,000|270,000|
|Contributions
by scheme participants|||20,000|30,000|
|Benefits paid|||(220,000)|(190,000)|
|Closing fair value ofscheme assets|||8,670,000|8,480,000|
##
##
##
##