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|||||Page|
|---|---|---|---|---|
|Reference and administrative|||details ofthe Charity, its Trustees and advisers|1-2|
|Trustees'<br>report||||3-21|
|Independent|auditor's|report|on the financial statements|22 -24|
|Consolidated|statement|offinancial activities||25|
|Consolidated|balance sheet|||26-27|
|Charity balance sheet||||28-29|
|Consolidated|statement|ofcash flows||30|
|Notes to the|financial statements|||31-57|





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|Trustees||||Mrs Joan Kirkbride,|Mrs Joan Kirkbride,|Chairman'|Chairman'|||
|---|---|---|---|---|---|---|---|---|---|
|||||Dr Jamie Clarke||||||
|||||Mr Clive Gresham||(reappointed||23 January 2020)i||
|||||Mrs Georgina<br>Fordham||||||
|||||Mr Roger Griffiths||(reappointed||19September|2019)|
|||||Cllr Dudley Hughes||(reappointed||7 July 2020)2||
|||||Mr lain Massey (reappointed|||7|July 2020)||
|||||Mrs Renuka Popat||(reappointed||7 July 2020)||
|||||Mr Trevor Shipman||(reappointed||23 January 2020)1||
|||||Mrs Morcea Walker||||||
|||||Northamptonshire||County Council, non-Trustee|||Director|
|||||" Members ofthe||Finance|Group|||
|||||~ Local Authority|Nominated||Trustee|||
|Company|registered|||||||||
|number||||07738151||||||
|Charity registered||||||||||
|number||||1145643||||||
|Registered||office||125-129Kettering|Road|||||
|||||Noithampton||||||
|||||Northamptonshire||||||
|||||NN1 4AZ||||||
|Senior management|||teamPeter<br>Smalley,<br>Chief Executive|||||||
|||||Rachel Coles||||||
|||||Anna Denny||||||
|||||Chris Hiscock||||||
|||||Andy Kirkwood||||||
|||||Mark Malitskie||||||
|||||Richard Roper||||||
|Company|secretary|||Mark Malitskie||||||
|Chief executive officer||||Peter Smalley||||||
|Independent||auditor||MHA Maclntyre<br>Hudson||||||
|||||Chartered<br>Accountants||||||
|||||Peterbridge<br>House||||||
|||||The Lakes||||||
|||||Northampton||||||
|||||NN4 7HB||||||
|Bankers||||Lloyds Bank PLC||||||
|||||2 George Row||||||
|||||Northampton||||||
|||||NN1 1DJ||||||





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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
||||Note|F||||
|Income from:||||||||
|Donations<br>and legacies|||||27,939|27,939|48,164|
|Charitable<br>activities||||2,076,712|2,480,784|4,557,496|4,993,445|
|Other trading<br>activities|||||75,470|75,470|143,196|
|Investments||||1,000|4,870|5,870|11,503|
|Total income||||2,077,712|2,589,063|4,666,775|5,196,308|
|Expenditure<br>on:||||||||
|Raising funds|||||50,754|50,754|72,822|
|Charitable<br>activities||||2,115„539|2,586,814|4,702,353|5,123,600|
|Total expenditure||||2,115,539|2,637,568|4,753,107|5,196,422|
|Net movement<br>in funds before other||||||||
|recognised<br>gains||||(37,827)|(48,505)|(86,332)|(114)|
|Other recognised|gains:|||||||
|Actuarial<br>gains on defined||benefit||||||
|pension schemes|||21||31,000|31,000|12,000|
|Net movement<br>in funds||||(37,827)|(17,505)|(55,332)|11,886|
|Reconciliation<br>offunds:||||||||
|Total funds brought|forward|||702,652|1,186,214|1,888,866|1,876,980|
|Net movement<br>in funds||||(37,827)|(17,505)|(55,332)|11,886|
|Total funds carried|forward|||664,825|1,168,709|1,833,534|1,888,866|





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|||||2020|2019|
|---|---|---|---|---|---|
||||||E|
|Cash flows from operating|activities|||||
|Net cash used<br>in operating|activities|||(152,948)|178,650|
|Cash flows from investing|activities|||||
|Dividends,<br>interests and rents from investments||||4,870|6,503|
|Net cash provided<br>by investing<br>activities||||4,870|6,503|
|Cash flows from financing|activities|||||
|Change<br>in cash and cash|equivalents|in|the year|(148,078)|185,153|
|Cash and cash equivalents|at the beginning||ofthe year|1,673,965|1,488,812|
|Cash and cash equivalents|at the end|of|the year|1,525,887|1,673,965|





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|Freehold<br>property|- 50years|
|---|---|
|Property<br>improvements|- 20years|
|Fixture and fittings|- 5years|
|Music equipment|-4 to 10years|
|Computer<br>equipment|- 3years|



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020f|2020|2019|
|Gifts|and donations|27,939|27,939|48,164|
|Total|2019|48,164|48,164||



|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2019f|2019f|2018<br>F|
|Gifts|and donations|48,164|48,164|33,857|
|Total|2019|33,857|33,857||





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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
|||||f||f.|E|
|Music tuition|||||2,161,645|2,161,645|3,328,711|
|Grant income from Arts Council||||1,117,987||1,117,987|1,115,001|
|Courses|||||71,410|71,410|82,780|
|Tours|||||26,531|26,531|66,892|
|Examination|fees||||50,607|50,607|106,513|
|Gift aid income|||||82,382|82,382|126,795|
|Grant income from Youth Music|||||57,609|57,609|52,173|
|Grant income from the Gordon|||Robinson|||||
|Memorial|Trust|||32,540||32,540|103,540|
|Other grant|income|||891,095|30,600|921,695|11,040|
|Music production||grant||35,090||35,090||
|Total 2020||||2,076,712|2,480,784|4,557,496|4,993,445|
|Total 2019||||1,218,541|3,774,904|4,993,445||





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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2019|2019<br>f.|2019f|2018|
||Music tuition||||3,336,986|3,336,986|3,394,739|
||Grant income|from Arts Council||1,115,001||1„115,001|1,107,572|
||Courses||||81,545|81,545|90,318|
||Tours||||70,892|70,892|82,545|
||Examination|fees|||106,513|106,513|110,320|
||Gift aid income||||126,795|126,795|80,213|
||Grant income|from Youth Music|||52,173|52,173|120,892|
||Grant income|from the Gordon Robinson||||||
||Memorial<br>Trust|||103,540||103,540|106,220|
||Total 2019|||1,218,541|3,774,904|4,993,445|5,092,819|
||Total 2018|||1,212,802|3,880,017|5,092,819||
|5.|Income from|other trading|activities|||||
||Income from|fundraising|events|||||



||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020f|2020f|2019|
|Concerts, coaches||and CDs|28,682|28,682|87,917|
|Conference|||1,820|1,820|5,644|
|Miscellaneous|income||1,298|1„298|1,369|
|Lettings income|||12,325|12,325|14,615|
|Musical instrument||repair|5,780|5,780|15,326|
|Software sales|||25,565|25,565|18,325|
|Total 2020|||75,470|75,470|143,196|
|Total 2019|||143,196|143,196||





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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2019|2019|2018|
|Concerts, coaches||and CDs|87,917|87,917|88,668|
|Grants|||||73,389|
|Conference|||5,644|5,644|7,724|
|Miscellaneous|income||1,369|1,369|8,732|
|Lettings income|||14,615|14,615|12,485|
|Musical instrument||repair|15,326|15,326|2,637|
|Software sales|||18,325|18,325|14,095|
|Total 2019|||143,196|143,196|207,730|
|Total 2018|||207,730|207,730||





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|Grants||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|The Group recognises<br>financial||||assistance|from|various funders as||||
|follows:||||||||||
|Anthony<br>Smith - Shoe|Zone||||||||1,000|
|Arts Council England,|National||Lottery Project||Grant|||14,540||
|Arts for Rutland|||||||||3,000|
|BBCChildren<br>in Need||||||||11,875|9,840|
|British and Foreign School Society|||||||||12,740|
|Constance<br>Travis Charitable||Trust||||||50,000|3,000|
|David Laing Family Fund - Northamptonshire|||||Community||Foundation||2,900|
|David Laing Foundation||||||||200|6,500|
|Kirby Laing Foundation||||||||5,000||
|Debbie Smith||||||||1,571|390|
|D'Oyly Carte||||||||3,300||
|Friends of Northamptonshire||Music and Performing||||Arts|Trust|3,792|4,526|
|Gates Garden Centre|||||||||40|
|Kettering<br>and District Eisteddfod|||||||||10,000|
|Local Giving||||||||4,996|4,083|
|Northampton<br>Borough|Council|||||||25,000||
|Northamptonshire<br>County Council|||||||||2,000|
|Orchestras<br>Live|||||||||5,000|
|Other Donations||||||||19,549|17,773|
|Rotary West||||||||1,200||
|Sir Andrew<br>Martin Trust|||||||||800|
|Spirit of2012 - Carers|project|||||||13,470||
|St Cecilia Singers|||||||||3,521|
|The Forman<br>Hardy Trust|||||||||500|
|The Frederick and Phyllis Cann|||Trust|||||5,000|4,000|
|The Gordon Robinson|Memorial||Trust|||||31,340|103,540|
|The Helen Jean Cope Charity|||||||||500|
|The Maud Elkinton Charitable||Trust|||||||500|
|The P8C Hickinbotham|Charitable|||Trust|||||1,000|
|The Rutland<br>Trust|||||||||500|
|Virgin Money Giving||||||||3,741|2,413|
|Youth Music||||||||41,158|14,851|
|Accounting<br>adjustments|8 deferrals|||||||(29,494)||
|||||||||206,238|214,917|





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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020f|2020|2019<br>E|
|Concerts, coaches and CDs|23,217|23,217|40,106|
|Conference|2,117|2,117|4,582|
|Miscellaneous|25,420|25,420|16,300|
|Wage costs|||11,834|
||50,754|50,754|72,822|





## 

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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
|||||E|E|||
|FRS 102 pension|cost|||32,000||32,000|17,000|
|Music centre expenditure|||||138,548|138,548|171,291|
|Recruitment<br>and|other|staff costs|||22,415|22,415|30,902|
|Rates and water|||||6,950|6,950|6,676|
|Light and heat|||||15,928|15,928|18,513|
|Repairs and maintenance|||||40,391|40,391|121,734|
|Insurance|||||20,310|20,310|21,460|
|Cleaning|||||2,854|2,854|2,099|
|Legal and professional||fees|||46,049|46,049|36,322|
|Telephone|||||2,453|2,453|2,968|
|Postage and stationery|||||21,822|21,822|27,791|
|Licences and subscriptions||||4,088|2,981|7,069|3,555|
|Bank charges|||||14,610|14,610|17,634|
|Sundry expenses|||||13,602|13,602|16,786|
|Marketing<br>and advertising|||costs||4,800|4,800|1,774|
|Youth Music activity||||17,361|83,312|100,673|59,741|
|Gordon Robinson|funded||activity|32,540||32,540|103,540|
|Instrument<br>purchases|||||20,479|20,479|26,614|
|Wages and salaries||||1,697,552|1,751,357|3,448,909|3,655,935|
|National<br>insurance||||114,051|117,665|231,716|268,482|
|Pension cost||||192,937|260,288|453,225|487,773|
|Depreciation||||25,010||25,010|25,010|
|Total 2020||||2,115,539|2,586,814|4,702,353|5,123,600|
|Total 2019||||1,261,210|3,862,390|5,123,600||





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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2019|2019|2019|2018|
|||||f|E||E|
|FRS 102pension|cost|||17,000||17,000|(3,000)|
|Music centre expenditure||||2,215|169,076|171,291|215,976|
|Recruitment<br>and|other|staff costs|||30,902|30,902|26,917|
|Rates and water|||||6,676|6,676|6,164|
|Light and heat|||||18,513|18,513|13,900|
|Repairs and maintenance|||||121,734|121,734|104,249|
|Insurance|||||21,460|21,460|20,945|
|Cleaning|||||2,099|2,099|1,849|
|Legal and professional||fees|||36,322|36,322|36,062|
|Telephone|||||2,968|2,968|(1,720)|
|Postage and stationery|||||27,791|27,791|21,472|
|Licences and subscriptions|||||3,555|3,555|3,417|
|Bank charges|||||17,634|17,634|16,841|
|Sundry expenses|||||16,786|16,786|5,927|
|Marketing<br>and advertising|||costs||1,774|1,774|1,916|
|Youth Music activity|||||59,741|59,741|111,679|
|Gordon Robinson|funded||activity|103,540||103,540|106,220|
|Instrument<br>purchases|||||26,614|26,614|35,781|
|Wages and salaries||||1,113,445|2,542,490|3,655,935|3,651,384|
|National<br>insurance|||||268,482|268„482|255,330|
|Pension cost|||||487,773|487,773|567,507|
|Depreciation||||25,010||25,010|29,717|
|Total 2019||||1,261,210|3,862,390|5,123,600|5,228,533|
|Total 2018||||1,293,508|3,935,025|5,228,533||



## 



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||||||Group||Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
||||||2020||2019|2020|2019|
||||||E||F||F|
|Wages and||salaries||3,448,909||3,655,935||3,448,909|3,655,935|
|National|insurance||||231,716|268,482||231,716|268,482|
|Pension|costs (Note||21)|485,225||504,773||485,225|504,773|
|||||4,165,850||4,429,190||4,165,&50|4,429,190|
|The average||number|ofcontracted|persons employed|by the|Charity|during the|year was as|follows:|
|||||||||Group|Group|
|||||||||2020|2019|
|||||||||No.|No.|
|Teachers||||||||118|122|
|Administration||||||||12|11|
|Support||||||||3|3|
|||||||||133|136|



|Group|Group|
|---|---|
|2020|2019|
|No.|No.|



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||||Fixtures||||
|---|---|---|---|---|---|---|
||Freehold|Property|and|Music|Computer||
||property<br>f|improvements<br>E|fittings<br>F|equipment<br>f|equipment<br>f.|Total|
|Cost or valuation|||||||
|At 1 September 2019|495,000|93,306|6,270|325,028|3,360|922,964|
|At 31 August 2020|495,000|93,306|6,270|325,028|3,360|922,964|
|Depreciation|||||||
|At 1 September 2019|59,400|21,897|6,270|291,458|3,360|382,385|
|Charge for the year|9,900|4,665|-|10,445||25,010|
|At 31 August 2020|69,300|26,562|6,270|301„903|3,360|407,395|
|Net book value|||||||
|At 31 August 2020|425,700|66,744||23,125||515,569|
|At 31 August 2019|435,600|71,409||33,570||540,579|





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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2020f|2019<br>f.|2020<br>f|2019|
|Due within one year||||||
|Trade debtors||14,404|11,917|14,404|11,917|
|Amounts<br>owed by group undertakings|||||10,024|
|Prepayments|and accrued income|373,439|193,626|360,449|193,626|
|||387,843|205,543|374,853|215,567|



## 

||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
||||F|F||E|
|Trade creditors||||4,113||4,113|
|Other taxation|and social security||50,503|88,381|50,503|88,381|
|Other creditors|||80,471|6,972|80,471|6,972|
|Accruals and deferred||income|464,791|431,755|464,041|415,369|
||||595,765|531,221|595,015|514,835|





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|Statement offunds||- current|year|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||September|||Gains/|31August|
||||2019f|Income<br>f|Expenditure|(Losses)|2020f|
|Unrestricted<br>funds||||||||
|Designated<br>funds||||||||
|Instrument<br>purchase|||76,413|5,780|(10,236)||71,957|
|Building<br>maintenance|||446,538||(625)||445,913|
||||522,951|5,780|(10,861)||517,870|
|General funds||||||||
|General<br>fund|||663,263|2,583,283|(2,626,707)||619,839|
|Total Unrestricted|funds||1,186,214|2,589,063|(2,637,568)||1„137,709|
|Restricted funds||||||||
|Fee remission<br>fund|||113,501||(8,336)||105,165|
|Arts Council and other||grants|48,572|1,153,077|(1,126,558)||75,091|
|The Gordon Robinson||||||||
|Memorial<br>Trust||||32,540|(32,540)|||
|Government<br>Furlough||grants||891,095|(891,095)|||
|Pension reserve||||1,000|(32,000)|31,000||
||||162,073|2,077,712|(2,090,529)|31,000|180,256|
|Restricted fixed assets||||||||
|Buildings<br>and<br>Assets|||540,579||(25,010)||515,569|
|Total Restricted funds|||702,652|2,077,712|(2,115,539)|31,000|695,825|
|Total offunds|||1,888,866|4,666,775|(4,753,107)|31,000|1,833„534|





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|Statement offunds|- prior year||||||
|---|---|---|---|---|---|---|
||Balance at|||||Balance at|
||1 September|||Transfers|Gains/|31 August|
||2018|Income|Expenditure|in/out|(Losses)|2019|
|||||E||E|
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|Instrument<br>purchase|70,194|||6,219||76,413|
|Building maintenance|446,538|||||446,538|
||516,732|||6,219||522,951|
|General funds|||||||
|General<br>fund|631,927|3,972,767|(3,935,212)|(6,219)||663,263|
|Total Unrestricted|||||||
|funds|1,148,659|3,972,767|(3,935,212)|||1,186,214|
|Restricted funds|||||||
|Fee remission<br>fund|113,501|||||113,501|
|Arts Council and|||||||
|other grants|49,231|1,115,001|(1,115,660)|||48,572|
|The Gordon|||||||
|Robinson|||||||
|Memorial<br>Trust||103,540|(103,540)||||
|Pension reserve||5,000|(17,000)||12,000||
||162,732|1,223,541|(1,236,200)||12,000|162,073|
|Restricted fixed|||||||
|assets|||||||
|Buildings<br>and|||||||
|Assets|565,589||(25,010)|||540,579|
|Total Restricted|||||||
|funds|728,321|1,223,541|(1,261,210)||12,000|702,652|
|Total offunds|1,876,980|5,196,308|(5,196,422)||12,000|1,888,866|





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## 

|Summary|offunds - curre|nt year|||||
|---|---|---|---|---|---|---|
|||Balance at 1||||Balance at|
|||September|||Gains/|31August|
|||2019|Income<br>F|Expenditure<br>E|(Losses)|2020f|
|Designated|funds|522,951|5,780|(10,861)||517,870|
|General funds||663,263|2,583,283|(2,626,707)||619,839|
|Restricted|funds|162,073|2,077,712|(2,090,529)|31,000|180,256|
|Restricted|fixed assets|540,579||(25,010)||515,569|
|||1,888,866|4,666,775|(4,753,107)|31,000|1,833,534|



|Summary|offunds|- p|rior year||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||Balance at|
|||1|September|||Transfers|Gains/|31 August|
||||2018|Income|Expenditure|in/out|(Losses)|2019|
||||E||E||F|F|
|Designated|funds||516,732|||6,219||522,951|
|General funds|||631,927|3,972,767|(3,935,212)|(6,219)||663,263|
|Restricted|funds||162,732|1,223,541|(1,236,200)||12,000|162,073|
|Restricted|fixed||||||||
|assets|||565,589||(25,010)|||540,579|
||||1,876,980|5,196,308|(5,196,422)||12,000|1,888,866|



## 

||||Restricted|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
||||funds|fixed assets|funds|funds|
||||2020<br>f|2020<br>f|2020<br>f|2020f|
|Tangible|fixed|assets||515,569||515,569|
|Current|assets||775,931||1,137,799|1,913,730|
|Creditors|due|within one year|(595,675)||(90)|(595,765)|
|Total|||180,256|515,569|1,137,709|1,833,534|





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## 

|Analysis|ofn|et assets between<br>funds|- prior period||||
|---|---|---|---|---|---|---|
||||Restricted|Restricted|Unrestricted|Total|
||||funds|fixed assets|funds|funds|
||||2019|2019|2019|2019|
||||E|f.|E|F|
|Tangible|fixed|assets||540,579||540,579|
|Current|assets||162,073||1,717,435|1,879,508|
|Creditors|due|within one year|||(531,221)|(531,221)|
|Total|||162,073|540,579|1,186,214|1,888,866|



## 

||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||||E|
|Net expenditure<br>for|the period|(as per Statement of Financial Activities)|||(86,332)|(114)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||25,010|25,010|
|Dividends,<br>interests|and rents|from investments|||(4,870)|(6,503)|
|Decrease/(increase)|in debtors||||(182,300)|75,225|
|Increase<br>in creditors|||||64,544|73,032|
|Defined benefit pension scheme cost less contributions||||payable|31,000|12,000|
|Net cash provided|by/(used|in) operating|activities||(152,948)|178,650|



## 

|||Group|Group|
|---|---|---|---|
|||2020|2019|
|||F||
|Cash|in hand|1,525,887|1,673,965|
|Total|cash and cash equivalents|1,525,887|1,673,965|





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## 

||At 31|At 31 August|
|---|---|---|
||August 2020|2019|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|21.5|21.2|
|-at 65 for a male aged 45 now|22.3|22.3|
|-for a female aged 65 now|23.7|23.3|
|-at 65 for a female aged 45 now|25.1|24.7|



## 

|||||At 31|At 31 August|
|---|---|---|---|---|---|
|||||August 2020<br>f|2019<br>f|
|Discount|rate +0.5%|||110,000|133,000|
|Discount|rate -0.5%|||(110,000)|(133,000)|
|Mortality|assumption|- 1 year increase||40,000|40,000|
|Mortality|assumption|- 1 year decrease||(40,000)|(40,000)|
|CPI rate|+0.5%|||99,000|109,000|
|CPI rate|-0.5%|||(99,000)|(109,000)|
|The Group's share of||the assets|in the scheme was:|||
|||||At 31|At 31 August|
|||||August 2020<br>f|2019<br>f|
|Equities||||940,000|1,006,000|
|Corporate|bonds|||216,000|237,000|
|Property||||164,000|126,000|
|Cash and|other liquid|assets||41,000|28,000|
|Total fair|value ofassets|||1,363,000|1,397,000|





## 

|||||2020f|2019<br>F|
|---|---|---|---|---|---|
|Current service cost||||(39,000)|(15,000)|
|Past service cost|||||(5,000)|
|Interest income||||25,000|37,000|
|Interest cost||||(24,000)|(32,000)|
|Total amount recognised|in the Consolidated|statement|offinancial|||
|activities||||(38,000)|(15,000)|



|Moveme|nts<br>in the present value ofthe defined<br>benefit obligation<br>|were as follows:|
|---|---|---|
|||2020f|
|Opening|defined<br>benefit obligation|1,397,000|
|Interest|cost|24,000|
|Contributions<br>by scheme participants||5,000|
|Actuarial|(gains)/losses|(70,000)|
|Benefits|paid|(32,000)|
|Past service costs|||
|Current|service cost|39,000|
|Closing|defined<br>benefit obligation|1,363,000|



||||2020f|
|---|---|---|---|
|Opening|fair|value ofscheme assets|1,397,000|
|Expected|return<br>on assets||25,000|
|Actuarial|(losses)/gains||(39,000)|
|Contributions||by employer|7,000|
|Contributions||by scheme participants|5,000|
|Benefits|paid||(32,000)|
|Closing|fair|value ofscheme assets|1,363,000|





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|under non|-can|cellable<br>operating<br>leases as follow|s:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2020|2019|2020|2019|
||||E|E|E||
|Not later than||1 year|1,200|1,200|1,200|1,200|
|Later than|1 year and not later than 5years||3,300|4,500|3,300|4,500|
||||4,500|5,700|4,500|5,700|



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