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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Governors|and Advisers|1-2|
|Chair's Statement|||||
|Governors'
Report||||4-19|
|Governors'
Responsibilities||Statement||20|
|Independent
Auditors'|Report on the Financial Statements|||21 -24|
|Statement of Financial|Activities|||25- 26|
|Balance Sheet||||27 - 28|
|Statement ofCash Flows||||29|
|Notes to the Financial|Statements|||30-55|
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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
||||Note|2022|2022
f|2022|2022
f|2021
6|
|Income and|||||||||
|endowments|from:||||||||
|Donations
and|legacies||3|15,937|||15,937|114,838|
|Charitable
activities:|||6||||||
|Schoolfees||||11,619,316|||11,619,316|10,341,461|
|Other income||||41,325|||41,325|60,087|
|Cost of providing|||||||||
|school buses||||(42,691)|||(42,691)|(111,090)|
|Remissions||||(1,269,480)|||(1,269,480)|(1,246,283)|
|Other trading
activities||||192,234|||192,234|85,040|
|Investments||||3,064|13,253||16,317|14,359|
|Government
grants||||||||34,552|
|Total||||10,559,705|13,253||10,572,958|9,292,964|
|Expenditure
on:|||||||||
|Raising funds||||68,508|3,824||72,332|89,720|
|Charitable
activities:|||||||||
|Teaching and|||||||||
|governance||||5,863,418|||5,863,418|5,543,638|
|Premises||||2,362,515|||2,362,515|2,490,955|
|Welfare||||1,031,168|||1,031,168|787,397|
|Other charitable|||||||||
|activities||||884,002|5,347||889,349|837,106|
|Total||||10,209,611|9,171||10,218,782|9,748,816|
|Net|||||||||
|income/(expenditure)|||||||||
|before net|||||||||
|(losses)/gains|on||||||||
|investments||||350,094|4,082||354,176|(455,852)|
|Nat (losses)/gains||on|||||||
|investments|||||(129,198)||(129,198)|101,243|
|Net Income/|||||||||
|(expenditure)||||350,094|(125,116)||224,978|(354,609)|
|Transfers
between|||||||||
|funds|||24|14,628|(14,628)||||
|Net movement|in||||||||
|funds before other|||||||||
|recognised
gains|||||||||
|carried forward||||364,722|(139,744)||224,978|(354,609)|
##
##
||||FOR THE YEA|R ENDED 31A|UGUST 2022|||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
|||Note|2022
6|2022
f|2022
K|2022|2021
f|
|Net movement|in|||||||
|funds before|other|||||||
|recognised||||||||
|gains)(losses)||||||||
|brought forward|||364,722|(139,744)||224,978|(354,609)|
|Other recognised||||||||
|gains:||||||||
|Actuarial gains/(losses)||||||||
|on defined benefit||||||||
|pension scheme||29|||||960,000|
|Net movement|in|||||||
|funds|||364,722|(139,744)||224,978|605,391|
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||7,801,041|744,958|45,875|8,591,874|7,986,483|
|Net movement|in funds||364,722|(139,744)||224,978|605,391|
|Total funds carried||||||||
|forward|||8,165,763|605,214|45,875|8,816,852|8,591,874|
##
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||6||6|
|Fixed assets||||||||
|Intangible assets|||14||6,454||7,957|
|Tangible assets|||15||10,053,478||10,262,525|
|Investments|||16||510,953||638,493|
||||||10,570,885||10,908,975|
|Current assets||||||||
|Stocks|||17|55,045||70,268||
|Debtors|||18|819,364||586,357||
|Cash at bank and in hand||||2,612,676||1,819,912||
|||||3,487,085||2,476,537||
|Creditors: amounts|falling due within one|||||||
|year|||19|(3,074,291)||(2,420,361)||
|Net current assets|||||412,794||56,176|
|Total assets less current liabilities|||||10,983,679||10,965,151|
|Creditors: amounts|falling due after more|||||||
|than one year|||20||(2,166,827)||(2,373,277)|
|Net assets excluding||pension asset|||8,816,852||8,591,874|
|Total net assets|||||8,816,852||8,591,874|
##
##
##
||||2022|2021|
|---|---|---|---|---|
|||Note||6|
|Charity funds|||||
|Endowment|funds|24|45,875|45,875|
|Restricted funds||24|605,214|744,958|
|Unrestricted|funds|24|8,165,763|7,801,041|
|Total funds|||8,816,852|8,591,874|
##
##
##
||FOR|TH|E YEAR ENDED 31AUGUST|2022|||
|---|---|---|---|---|---|---|
|||||Note|2022
6|2021f|
|Cash flows from operating|activities||||||
|Net cash used in operating|activities|||26|1,497,102|(165,383)|
|Cash flows from investing|activities||||||
|Proceeds from the disposal|oftangible|fixed assets|||2,750|621|
|Purchase ofintangible assets||||||(8,800)|
|Purchase oftangible
fixed assets|||||(513,068)|(741,968)|
|Proceeds from sale of investments|||||95,688|98,473|
|Purchase
of investments|||||(97,346)|(104,937)|
|Dividend
income|||||13,253|12,815|
|Interest received|||||3,064|1,544|
|Net cash used in investing|activities||||(495,659)|(742,252)|
|Cash flows from financing|activities||||||
|Cash inflowe from new borrowing||||||1,850,000|
|Loan repayments
in year|||||(49,094)|(49,226)|
|Capital repayments
in year|||||(159,585)|(104,580)|
|Net cash (used in)/provided|by financing||activities||(208,679)|1,696,194|
|Change
in cash and cash|equivalents|in|the year||792,764|788,559|
|Cash and cash equivalents|at the beginning||ofthe year||1,819,912|1,031,353|
|Cash and cash equivalents|at the end of||the year|27|2,612,676|1,819,912|
|The notes on pages 30to 55form part||ofthese financial statements|||||
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##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022f|2022
6|2021|
|Donations|8,064|8,064|91,948|
|Legacies|7,873|7,873|22,890|
|Total 2022|15,937|15,937|114,838|
|Total 2021|114,838|114,838||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021f|
|Lettings and event income|192,234|192,234|85,040|
|Total 2022|192,234|192,234|85,040|
|Total 2021|85,040|85,040||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022
6|2022|2022
6|2021f|
|Investment|income from listed investments||13,253|13,253|12,815|
|Deposit account interest||3,064||3,064|1,544|
|Total 2022||3,064|13,253|16,317|14,359|
|Total2021||1,544|12,815|14,359||
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022f|2022
F|2022
6|2021
E|
|School fees||11,619,316||11,619,316|10,341,461|
|Other income||41,325||41,325|60,087|
|Cost of providing|school buses|(42,691)||(42,691)|(111,090)|
|Remissions||(1,269,480)||(1,269,480)|(1,246,283)|
|Total 2022||10,348,470||10,348,470|9,044,175|
|Total 2021||9,058,377|(14,202)|9,044,175||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022
6|2022f|2021
6|
|Coronavirus|Job Retention Scheme grants|||34,552|
|Total 2021||34,552|34,552||
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022f|2022|2022f|2021
f.|
|Lettings and|event costs||68,508||68,508|85,751|
|Investment|management|fees||3,824|3,824|3,969|
||||68,508|3,824|72,332|89,720|
|Total 2021|||85,751|3,969|89,720||
##
||Direct|Support|Total|Total|
|---|---|---|---|---|
||costs|costs|funds|funds|
||2022f|2022f|2022f|2021f|
|Teaching and Governance|5,776,201|87,217|5,863,418|5,543,638|
|Premises|1,641,647|720,868|2,362,515|2,490,955|
|Welfare|1,031,168||1,031,168|787,397|
|Other|817,906|71,443|889,349|837,106|
||9,266,922|879,528|10,146,450|9,659,096|
|Total 2021|8,736,497|922,599|9,659,096||
##
##
|||Teaching||||||
|---|---|---|---|---|---|---|---|
|||and||||Total|Total|
|||Governance|Premises|Welfare|Other|funds|funds|
|||2022
8|2022
8|2022f|2022f|2022f|2021f|
|Pension finance||||||||
|costs|||||||10,000|
|Staff costs||5,294,986|784,317|513,459|521,673|7,114,435|6,837,130|
|Teaching||||||||
|resources||220,321||||220,321|143,096|
|Premises|and|||||||
|grounds|||102,856|||102,856|88,469|
|Rates|||73,633|||73,633|68,644|
|Insurance||18,963|80,205|||99,168|93,366|
|Light, heat|and|||||||
|water|||273,841|||273,841|226,086|
|Other teaching||||||||
|costs||155,488||||155,488|148,892|
|Travel||86,443||2,279||88,722|31,235|
|Catering||||495,353||495,353|306,036|
|I aundry||||7,224||7,224|2,018|
|Nursing||||12,853||12,853|8,889|
|Cleaning|||79,577|||79,577|194,762|
|Maintenance|||247,218|||247,218|299,605|
|Marketing|and|||||||
|development|||||80,850|80,850|73,430|
|ITcosts|||||108,476|108,476|86,176|
|Administration|||||88,861|88,861|78,278|
|Recruitment|||||22,408|22,408|18,284|
|Bad debts|||||(4,362)|(4,362)|22,101|
|||5,776,201|1,641,647|1,031,168|817,906|9,266,922|8,736,497|
|Total 2021||5,459,776|1,703,947|787,397|785,377|8,736,497||
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||Governance|Premises|Finance|funds|funds|
||||2022
6|2022f|2022
6|2022f|2021f|
|Depreciation|and amortisation|||723,414||723,414|741,840|
|(Surplus)/deficit||on disposal of||||||
|assets||||(2,546)||(2,546)|45,168|
|Bank charges|||||14,680|14,680|12,966|
|Bank interest|||||39,486|39,486|7,672|
|Leasing interest|||||17,277|17,277|23,851|
|Interest paid|to|HMRC|||||7,240|
|Governance|costs||87,217|||87,217|83,862|
||||87,217|720,868|71,443|879,528|922,599|
|Total 2021|||83,862|787,008|51,729|922,599||
##
##
||2022|2021|
|---|---|---|
||6||
|Auditors'
remuneration|11,000|11,000|
|Depreciation
- owned assets|671,245|690,641|
|Depreciation
-assets on finance lease|50,666|49,666|
|(Surplus)/deficit
on disposal offixed assets|(2,546)|45,168|
|Computer
software amortisation|1,503|1,533|
|Operating
lease payments|119,233|75,923|
##
##
|Auditors'
remuneration||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||6|f|
|Fees payable to the Charity's|auditor||for|the audit ofthe Charity's|annual|||
|accounts||||||11,000|11,000|
|Fees payable to the Charity's|auditor||in respect of:|||||
|All taxation advisory services|not|included||above||430|410|
|All non-audit
services not induded||above||||6,474|2,474|
##
##
||2022|2021|
|---|---|---|
||6|8|
|Wages and salaries|5,514,233|5,295,948|
|Social security costs|550,889|503,888|
|Other pension costs|1,049,313|1,037,294|
||7,114,435|6,837,130|
||2022|2021|
|---|---|---|
||No.|No.|
|Teaching|108|108|
|Support|19|17|
|Welfare|26|29|
|Premises|38|37|
||191|191|
##
##
##
##
|2022|2021|
|---|---|
|No.|No.|
##
|Intangible assets||
|---|---|
||Computer|
||softwaref|
|Cost||
|At 1 September 2021|44,134|
|At 31August 2022|44,134|
|Amortisation||
|At 1 September 2021|36,177|
|Charge for the year|1,503|
|At 31 August 2022|37,680|
|Net book value||
|At 31August 2022|6,454|
|At 31August 2021|7,957|
##
##
##
##
||Freehold|Plant and|Fixtures|Motor|Computer||
|---|---|---|---|---|---|---|
||property
F|machinery
6|and fittings
f|vehicles
f|equipment
6|Total|
|Cost or valuation|||||||
|At 1 September 2021|14,211,412|1,015,714|1,856,041|18,621|806,264|17,908,052|
|Additions|157,391||279,566|40,020|36,091|513,068|
|Disposals|||(260)|||(260)|
|At 31 August 2022|14,368,803|1,015,714|2,135,347|58,641|842,355|18,420,860|
|Depreciation|||||||
|At 1 September 2021|5,622,912|234,444|1,389,554|12,056|386,561|7,645,527|
|Charge for the year|436,462|50,786|94,599|4,463|135,601|721,911|
|On disposals|||(56)|||(56)|
|At 31August 2022|6,059,374|285,230|1,484,097|16,519|522,162|8,367,382|
|Net book value|||||||
|At 31August 2022|8,309,429|730,484|651,250|42,122|320,193|10,053,478|
|At 31August 2021|8,588,500|781,270|466,487|6,565|419,703|10,262,525|
##
##
##
|||2022|2021f|
|---|---|---|---|
||Cost|||
||At 1 September|993,321|993,321|
||Additions|40,020||
|||1,033,341|993,321|
||Depreciation|||
||At 1 September|231,626|181,960|
||Charge for year|50,666|49,666|
|||282,292|231,626|
||Net book value|||
||At 31 August|712,029|761,695|
|16.|Fixed asset investments|||
||||Listed|
||||investments|
||Cost or valuation|||
||At 1 September 2021||638,493|
||Additions||97,346|
||Disposals||(95,688)|
||Revaluations||(129,198)|
||At 31August 2022||510,953|
||Net book value|||
||At 31August 2022||510,953|
||At 31 August 2021||638,493|
##
##
##
|17.|Stocks|||FOR|THE YEAR ENDED 31AUGUS|T 2022||
|---|---|---|---|---|---|---|---|
|||||||2022
8|2021f|
||Stocks|||||55,045|70,268|
|18.|Debtors|||||||
|||||||2022|2021|
|||||||6||
||Due within one year|||||||
||Trade debtors|||||242,795|148,530|
||Other debtors|||||26,800|58|
||Prepayments
and accrued income|||||549,769|437,769|
|||||||819,364|586,357|
|19.|Creditors: Amounts|||falling due|within one year|||
|||||||2022|2021|
|||||||E|6|
||Bank loans and overdrafts (see note 20)|||||146,492|114,036|
||Trade creditors|||||662,088|455,355|
||Other taxation|and|social security|||271,211|248,066|
||Finance leases|(see note 21)||||135,639|122,829|
||Other creditors|||||146,642|151,772|
||Accruals and deferred|||income||1,712,219|1,328,303|
|||||||3,074,291|2,420,361|
|||||||2022|2021|
|||||||8|6|
||Deferred income|||||||
||Deferred income at 1|||September|2021|1,282,439|1,075,026|
||Resources deferred||during the year|||1,623,327|1,282,439|
||Amounts
released||from previous||periods|(1,282,439)|(1,075,026)|
|||||||1,623,327|1,282,439|
##
##
##
##
||||2022
E|2021f|
|---|---|---|---|---|
||Bank loans (see note 20)||1,749,470|1,895,931|
||Finance leases (see note|21)|136,179|243,663|
||Other creditors||281,178|233,683|
||||2,166,827|2,373,277|
|21.|Loans||||
||An analysis ofthe maturity ofloans is given below:||||
||||2022f|2021f|
||Amounts
falling due within|one year on demand:|||
||Loans||146,492|114,036|
||Amounts
falling between|one and two years:|||
||Loans - 1-2years||146,492|146,492|
||Amounts
falling due between
two and five years:||||
||Loans - 2-5years||1,602,978|353,824|
||Amounts
falling due in more than five years:||||
||Repayable
by instalments:||||
||Loans more 5years|||1,395,615|
##
##
|Leasing agreements|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Finance|Finance|
||||||||Leases 2022|Leases 2021|
||||||||f|6|
|Net obligations
repayable:|||||||||
|Within one year|||||||135,639|122,829|
|Between one and five|years||||||136,179|243,663|
|In more than five years|||||||||
||||||||271,818|366,492|
|The finance lease relates to a tractor and to the installation||||||and purchase|of a Biomass|Boiler System.|
|The term of the tractor lease is 5 years|||ending|in April 2027. The term of|||the Biomass lease is 7 years||
|ending
in July 2024. The||Biomass Boiler|System is accredited|||by the OFGEM Non Domestic Renewable|||
|Heat Incentive Scheme.|||||||||
|Minimum
lease payments||under non-cancellable||operating|leases fall due as follows:||||
||||||||2022|2021|
||||||||6|6|
|Within one year|||||||75,806|88,071|
|Between one and five years|||||||64,414|107,028|
||||||||140,220|195,099|
|Secured debts|||||||||
|The following secured|debts are included||within creditors:||||||
||||||||2022f|2021
6|
|Coronavirus
Business|Interruption
Loans||||||1,785,088|1,850,000|
|SONIA Loan|||||||110,874|159,967|
|Financeleases|||||||271,818|366,492|
||||||||2,167,780|2,376,459|
##
##
##
##
##
||Balance at 1||||||Balance at|
|---|---|---|---|---|---|---|---|
||September||||Transfers|Gains/|31 August|
||2021|Income
f|Expenditure|f|in/out
E|(Losses)|2022
f|
|Unrestricted||||||||
|funds||||||||
|Revenue||||||||
|reserve|7,201,041|10,559,705|(10,209,611)||14,628||7,565,763|
|Designated||||||||
|Funds|600,000||||||600,000|
||7,801,041|10,559,705|(10,209,611)||14,628||8,165,763|
|Endowment||||||||
|funds||||||||
|Foundation||||||||
|endowment|45,875||||||45,875|
|Restricted||||||||
|funds||||||||
|Barnard Castle||||||||
|School Prize &||||||||
|Scholarship||||||||
|Fund|575,215|13,253|(3,824)|||(129,198)|455,446|
|Heamshaw||||||||
|Legacy|85,784||||(14,628)||71,156|
|Science Centre||||||||
|Donation|83,959||(5,347)||||78,612|
||744,958|13,253|(9,171)||(14,628)|(129,198)|605,214|
|Total offunds|8,591,874|10,572,958|(10,218,782)|||(129,198)|8,816,852|
##
##
##
##
##
|Statement offunds (continued)|Statement offunds (continued)||||||
|---|---|---|---|---|---|---|
|Statement offunds - prior year|||||||
||Balance at|||||Balance at|
||1 September|||Transfers|Gains/|31August|
||2020|Income|Expenditure|in/out|(Losses)|2021|
||6|8|||6||
|Unrestricted|||||||
|funds|||||||
|Revenue|||||||
|reserve|6,671,988|9,294,351|(9,739,500)|14,202|960,000|7,201,041|
|Designated|||||||
|Funds|600,000|||||600,000|
||7,271,988|9,294,351|(9,739,500)|14,202|960,000|7,801,041|
|Endowment|||||||
|funds|||||||
|Foundation|||||||
|endowment|45,875|||||45,875|
|Restricted|||||||
|funds|||||||
|Barnard Castle|||||||
|School Prize &|||||||
|Scholarship|||||||
|Fund|479,328|(1,387)|(3,969)||101,243|575,215|
|Heamshaw|||||||
|Legacy|99,986|||(14,202)||85,784|
|Science Centre|||||||
|Donation|89,306||(5,347)|||83,959|
||668,620|(1,387)|(9,316)|(14,202)|101,243|744,958|
|Total offunds|7,986,483|9,292,964|(9.748,816)||1,061,243|8,591,874|
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|Analysis
Analysis|FOR THE YEA
of net assets between funds
of net assets between funds -|R ENDED 31AUGU
current year|ST 2022|||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2022
6|2022
6|2022|2022f|
|Tangible|fixed assets|9,933,902|73,701|45,875|10,053,478|
|Intangible|fixed assets|6,454|||6,454|
|Fixed asset investments|||510,953||510,953|
|Current assets||3,466,525|20,560||3,487,085|
|Creditors|due within one year|(3,074,291)|||(3,074,291)|
|Creditors|due in more than one year|(2,166,827)|||(2,166,827)|
|Total||8,165,763|605,214|45,875|8,816,852|
|Analysis|of net assets between funds
-|prior year||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2021
6|2021f|2021f|2021
6|
|Tangible|fixed assets|10,137,603|79,047|45,875|10,262,525|
|Intangible|fixed assets|7,957|||7,957|
|Fixed asset investments|||638,493||638,493|
|Current assets||2,449,119|27,418||2,476,537|
|Creditors|due within one year|(2,420,361)|||(2,420,361)|
|Creditors|due in more than one year|(2,373,277)|||(2,373,277)|
|Total||7,801,041|744,958|45,875|8,591,874|
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|||||||||2022f|2021f|
|---|---|---|---|---|---|---|---|---|---|
||Net
income/(expenditure)|for the|year|(as|per|Statement|of Financial|||
||Activities)|||||||224,978|(354,609)|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||721,911|740,307|
||Amortisation
charges|||||||1,503|1,533|
||Losses/(gains)
on investments|||||||129,198|(101,243)|
||Dividends,
interests
and rents from||investments|||||(3,064)|(1,544)|
||(Profit)/loss
on the sale offixed assets|||||||(2,546)|45,168|
||Decrease
in stocks|||||||15,223|11,117|
||Increase
in debtors|||||||(233,007)|(53,745)|
||Increase/(decrease)
in creditors|||||||656,159|(459,552)|
||Dividend
income|||||||(13,253)|(12,815)|
||Pension
Liability Adjustment||||||||20,000|
||Net cash provided
by/(used
in) operating|||activities||||1,497,102|(165,383)|
|27.|Analysis ofcash and cash|equivalents||||||||
|||||||||2022
f|2021|
||Cash in hand|||||||2,612,676|1,819,912|
||Total cash and cash equivalents|||||||2,612,676|1,819,912|
|28.|Analysis ofchanges
in net|debt||||||||
||||||||At 1|||
||||||||September||At 31August|
||||||||2021|Cash flows
f|2022
6|
||Cash at bank and in hand||||||1,819,912|792,764|2,612,676|
||Debt due within
1 year||||||(114,036)|(32,456)|(146,492)|
||Debt due after 1 year||||||(1,895,931)|146,461|(1,749,470)|
||Finance leases||||||(366,492)|94,674|(271,818)|
||||||||(556,547)|1,001,443|444,896|
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##
##
|Principal actuarial assumptions|at the Balance Sheet da|te (expressed as weighted
averages|):||
|---|---|---|---|---|
|||At 31August|At 31|August|
|||2022||2021|
|Discount rate||4.2||1.7|
|Future salary increases||3.9||3.7|
|Future pension increases||2.9||2.7|
|CPI inflation||2.9||2.7|
|Pension accounts revaluation|rate|2.9||2.7|
|||At 31 August|At 31|August|
|||2022||2021|
|||Years||Years|
|Mortality rates (in years)|||||
|-for a male aged 65 now||22.1||22.3|
|- at 65fora male aged 45 now||23.2||23.3|
|-for a female aged 65 now||24.2||24.3|
|- at65for a female aged 45 now||25.7||25.8|
|The Charity'|s
share ofthe assets in the scheme wa|s:||
|---|---|---|---|
|||At 31August|At 31 August|
|||2022
8|2021
f|
|Equities||5,020,000|5,830,000|
|Property||770,000|640,000|
|Government|bonds|1,040,000|1,590,000|
|Corporate bonds||400,000|1,780,000|
|Cash||130,000|450,000|
|Other||490,000||
|Multi Asset|Credit|1,330,000||
|Total fair value ofassets||9,180,000|10,290,000|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6|F|
|Current|service|cost|||160,000|170,000|
|Interest|income||||(170,000)|(140,000)|
|Interest|cost||||170,000|150,000|
|Total amount recognised|||in the Statement of Financial Activities||160,000|180,000|
|Movements
in the present|||value ofthe defined benefit obligation|were as follows:|||
||||||2022f|2021|
|Opening|defined|benefit obligation|||9,920,000|9,610,000|
|Interest|cost||||170,000|150,000|
|Contributions
by scheme participants|||||20,000|20,000|
|Actuarial|(gains)/losses||||(3,510,000)|250,000|
|Benefits|paid||||(270,000)|(280,000)|
|Current|service cost||||140,000|170,000|
|Closing|defined|benefit obligation|||6,470,000|9,920,000|
|||||2022|2021|
|---|---|---|---|---|---|
|||||6|6|
|Opening|fair|value ofscheme assets||9,920,000|8,670,000|
|Expected|return||on assets|170,000|140,000|
|Actuarial|(losses)/gains|||(3,510,000)|1,210,000|
|Contributions||by|employer|140,000|160,000|
|Contributions||by|scheme participants|20,000|20,000|
|Benefits|paid|||(270,000)|(280,000)|
|Closing|fair|value ofscheme assets||6,470,000|9,920,000|
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