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2021-03-31-accounts

Page
Report ofthe Trustee 1 to 8
Report ofthe Independent Auditors 9to 11
Consolidated
Statement		 of Financial Activities 12to 13
Trust Statement of Financial Activities 14
Consolidated
Balance Sheet		 15to 16
Trust Balance Sheet 17
Consolidated
Cash Flow		 Statement 18
Notes to the Consolidated Cash Flow Statement 19to 20
Notes to the Consolklated Financial Statements 21 to 51

Indepèndent Auditor's Report to tho Twstee of The Katherina Martln Charitable Trust To addrgss thè dsk of fraud lhrc￿gh mana9gment blas ancl ovwrt(1g ol c￿1￿19, WÈ. pwlormed gngtyti(l to id8ntify any uNsual ￿ unexttcled relallonships", tastéd ￿Urnal enlrs lo kjentify unusual Iran5acdons'. assessed wh8th8r iudgemenls and assumptions m￿e In detemll￿r0 the XCOLmliw esiknates were indicatrvg of potentS81 blas., and invesugalfyj the relh)Th8￿ b8hint1 sw3nifi￿nt or unusual trarwti￿s. In reswnse to the ￿sk of Irregulariiigs ar)d nonwcoryliance wlh Lqws and regulallons. we desned Ccgdures whith indud8d, bul w8r8 not Ilmll8d to- agwing ffinanclal statement disdosures io underfyhg supr<rtng docUm￿l&l￿)n,. reading the mlnutes of m991inw of ihose charged wth wvgm8Wè'. enquiiing gf manag￿ent as lo actual and potential Ilug?tit￿ dalm¥', and revlemryng correSpoTrJ￿G0 wlth ra￿vant wul8tws and18gal atrisofs. Due lo the Inherent limilatlons of an audll. Ihere is a risk that we will nol del￿1 811 irrwlaitllès Ineludlng Ihos8 18)ding lo 8 malerial misst8temenl In the flrbanclal slatements or wllh r￿UlatiOn. Thig risk incre8ses the morfr Ihal comptsn¢g ￿th or wulalion i8 r8m0¥8d from th8 èv8nls and lrnnsacll￿s refltad in th8 finanual slal8mÉnts. és we I￿11 be less Ilkely lo tecome aware ol Inslanc8s of non.complianc. Audlllng stsThJards al￿ limit tho audlt pmcsjdures requir￿ lo idgntify nw-C(vnpliance with laws and regJL8￿Cffls lo enquiry of the diie(agts and other management and the Insrtion ol re9ulalory and18981 c(xrgspc¥Klence. 11 any. is also great8r f¢￿rding Irregularlues occwing due to fraud ralhw than error, •s fr8LvJ Inw0￿88 inlentfional ¢￿¢￿alM￿l, forgery, cc41usiDn. OMI￿￿n, or mis1￿[￿8￿18t1W. A further de5crfp￿n of wr resporbsSbilllies i¥ availablè on the FIn￿CIal Rep￿ting Coundl'9 website al.. wWw.frG.org.uklC￿r-WDrkJA￿dI￿AUdit•an&15$uran¢e1SI0ThjarJS-and-QuIdancÈIStandarés-an￿-gu1d8ne4- fcr.8uditorslAudltors-responsibililies-for-audlvD8scrfpllorfé-audttor8-rgsw￿SibIllkneS-fOr-8ud1I.asPx.T￿iS forms part of our audlloT'$ report Us• of our r•port Th18 Tep¢Jrl 18 t[￿& solety lo Ihe Board xong behelt of Tw5tg9, a5 9 Bocty, in ￿￿rdanc• wh Part 4 of thè Charltles IAc£ounls and Rèporls) Regula11￿& 2008. Our audii work ha9 Len undertaken $0 Ihat wg mighl stste lo the Trusie? those fflatte￿ we ￿￿ requlred to stalè to them In an auoitorfs Teport anLI for no Ol￿r purp¢xe. To thg fullest 8%18nl permitlgd by 18w, we do r¥Jt 8cc8pl oi 8SSumÈ rtsponslblllty to anyon8 other thar) th8 TrLk8t and the TIus1'8 Ttu$lèÈ as a 8tsJy, our aLJII wort for Ihls repryl, cf for Ihg oKxrtiOthS we have I￿rned. N1th￿￿ ShlrAèy FCA (Senlor SLItMlwy Au¢Jllwl for and ￿ beh￿1 of Smai1•8 Gokli8 thartw•J Ac¢ounlwls Staiutcry Auditor Regelll's Court Pdncess Str881 Hull Easl Yc¥l(shlre HU2 8BA 20 (ktober 2021 li

2021 2020
Notes Unrestricted Restricted Total Total
fund fund funds funds
E'ODO 6'000 6'DDD E'000
INCOIIING RESOURCES
incoming resources
from		 generated
funds
investment
Income		 2 49 49 49
Commercial
trade operation		 3 49,122 49,122 49,761
Total incoming resources 49,122 49 49,171 49,810
RESOURCES EXPENDED
Costs ofgenerating
funds
Investment
management
costs		 11 12
Commerdal
trade operations		 44,938 44,938 44,460
Dividends
paid from commercial		 trade
operations 434 568
Charitable
activities
Donations to beneficiaries 613 613 551
Total resources expended 45,372 624 45,996 45,581
Nat income/(expenditure) 3,750 (575) 3,175 4,229
Transfers between funds 25 (451) 451
Other recognised
galas/ (losses)
Gains/(losses)
on investment		 assets 15 368 368 (168)
Shares issued
in trading
company		 98 8
Actuarial
gains /(losses) on delined		 27 (512) (512) 165
beneiit pension schemes
Tax on activities (651) (651) (1,012)
Net movement
in funds		 2,234 244 2,478 3,222

ontinued
2021 2020
Unrestricted Restricted Total Total
Notes fund fund funds funds
8'000 F,'000 8'OOO L"000
Net movement In funds 2,234 2,478 3.222
RECONCILIAllON
OF FUNDS		 25
Total funds brought forward 28,606 1,625 30,231 27,009
TOTAL FUNDS CARRIED FORWARD 30,840 1,869 32,709 30,231
Attributable to parent 15,472 1,869 17,341 18,210
Attributable to non-controlling 25 15,368 15,368 14,021
Interests
TOTAL FUNDS CARRIED FORWARD 30,840 1,869 32,709 30,231

2021 2020
Notes Unrestricted Restricted Total Total
fund
E'000		 fund
6'000		 funds
E'000		 funds
f'000
INCOMING RESOURCES
Incoming resources from generated
funds
Investment
income		 500 500 641
Total incoming
resources		 500 500 641
RESOURCES EXPENDED
Costs ofgenerating
funds
Investment
management
costs		 11 11 12
Charitable
activities
Donations to beneficiaries 585 585 525
Support costs 28 28 26
Total resources expended 624 624
Net Income/(expenditure) (124) (124) 78
Transfers
between
funds
Other recognised
gains/ (losses)
Gains/(losses)
on investment		 assets 15 368 368 (168)
Net movement
in funds		 244 244 (90)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 25 1,632 1,632 1,722
TOTAL FUNDS CARRIED FORI/I/ARD 25 1,876 1,876 1,632

or the year ended 31March 2021
2021 2020
Unrestricted Restricted Total Total
Notes fund fund funds funds
E'000 6'000 P. OOO E'000
FIXEDASSETS
Intangible assets 13 630 630 728
Tangible assets 14 37,533 37,533 34,B79
Investments 15 1,749 1,835 1,604
38,249 1,749 39,998 37,011
CURRENTASSETS
Stocks 16 5,037 5,037 4,573
Debtors: amounts falling due within
one year 17 12,890 12,893 13,354
Debtors, amounts falling due after
more than one year
Cash at bank		 17 2,933
834		 2,933 2,683
303
21,694 137 21,831 20,913
CREDITORS
Amounts
falling due within		 one year 18 (13,277) (17) (13&4) (15,768)
NET CURRENT ASSETS 8,417 120 8,537 5,145
TOTAL ASSETS LESSCURRENT
LIABIUTIES 1,869 48,535 42,156
CREDITORS
Amounts
falling due after		 more than
one year 19 (5,965) (5,965) (5,168)
PROVISIONS FOR LIABILITIES 23 (8,197) (8,197) (5,663)
NET ASSETS EXCLUDING PENSION
LIABILITY 32,504 1,869 34,373 31,327
PENSION LIABILITY 27 (1,684) (1,664) (1,096)
NET ASSETS 30,840 1,869 32,709 30,231

cr the year ende d 31March 2 021
2021
Total Total
Notes funds funds
8'000 8'000
FUNDS 25
Unrestricted 15,472 14,585
Restricted 1,869 1,625
Non-controlling Interest 15,368 14,021
TOTAL FUNDS 32,709 30431

2021 2020
Restricted Endowment Total Total
Notes fund fund funds funds
E'DDO E'000 E'ODO E'DDD
FIXED ASSETS
Investments 15 1,749 7 1,756 1,525
CURRENT ASSETS
Debtors 17 3 3 4
Cash at bank 134 134 114
137 137 118
CREDITORS
Amounts
falling due within one year		 18 (17) (17) (11)
NET CURRENT ASSETS 120 120 107
TOTAL ASSETS LESSCURRENT
LIABILITIES 1,869 7 1,876 1,632
1,869 7 1,876 1,632
FUNDS 25
Restricted
funds		 1,876 1,625
Endowment
funds		 7 7
TOTAL FUNDS 1,876 1,632

Note 2021 2D2D
8'000 8'000
Cash inflow from operating activities 9,755 9,033
Interest and similar charges paid (303) (472)
Taxation paild (862) (765)
Taxation refunds 351
Net cash inflow from operating activities 8,590 8,147
Net cash outflow
from
investing
activities		 and servicing of S (6,351) (4,907)
finance
Net cash inflow/(outfiaw)
fram		 financing activities 792 (2,079)
(Decrease)/Increase
in cash and cash equivalents		 3,031 1,181
Cash and cash equivalents at beginning ofthe pened (2,062) (3,223)
Cash and cash equivalents at end ofthe period 969 (2,062)

a) Reconclfiation
of Incoming
reso		 urces t o net cash inflow from ope rating
activNes
2021 2020
E'000 E'000
Net incoming resources 3,175 4,229
Interest and dividends
received		 (141) (140)
Interest and similar charges paid 394 713
Dividends
paid to non-controfiing		 interests 434
Depreciadon
and ilmpairment
oftangible		 fixed assets 4,960 4,745
Amortisation
and impairment
of intangible		 fixed assets 159
Profit on disposal oftangible
fixed		 assets (163) (38)
Share oflosses In joint venture 88
Benefits paid regarding
past directors
Landfill/aftercare
provision
adjustment
Carbon emissions
provision
ad)ustment		 (89)
3
1,194		 (86)
4
7
(Increase)/decrease
in stocks		 (464) (561)
Decrease/(increase)
in Irade and		 other debtors 545 (1,623)
(Decrease)/Increase
in trade and		 other creditors (279) 1,056
Net cash flow from operating
activities		 9,755 9,033
b) Cash flow from investing
activities
2021 2020
E'000 E'000
Dividends
and interest received		 141 140
Payments
to acquire tangible
fixed assets		 (6,899) (4,648)
Receipts from sale oftangible
fixed assets		 271 93
Payments
to acquire investments		 (318) (431)
Receipts from sales of investments 453 341
Deferred consideration
payments		 (1) (402)
(6,351) (4,907)
c) Cash flow from financing
activities
2021 2020
E'000
New loans
in year		 2,500
Loan repayments
in year		 (1,106) (1,155)
Hire purchase
capital repayments		 (266) (364)
Receipts from new issue ofshares in subsidiary undertakings 8
Equity dividends
paid to non-controlling		 interests ofcommercial (434) (568)
trading operabon
(2,079)

equlv afents
are in respect ofthese Balance Sheet am		 afents
are in respect ofthese Balance Sheet am		 ounts
Year ended 31 March 2021 2021 2020
E'000 E'000
Cash at bank and in hand 969 303
Bank overdrafts (2,365)
(2,062)
Year ended 31 March 2020 2020 2019
E'000 E'DDD
Cash at bank and ln hand 303 301
Bank overdraRs (2,365) (3,524)
(2,062) (3,223)
~) Analysis ofchanges Analysis ofchanges In net debt
Year ended 31 March 2D21 Other
Non-cash
At 01.04.2D Cash flow changes At 31.03.21
E'OOD E'000 000 E'000
Nsl cash
Cash al bank and in hand 303 969
Bank overdrafls (2,365) 2,365
(2,062) 3,031
Debt
Finance leases (488) 266 (219) (441)
Debts falling due within 1 year (1,479) (522) (2,001)
Debts falling due aRer 1 year (4,874) (867) (5,741)
(6,841) (1,123) (219) (8,183)
(8,903) 1,908 (219) (7,214)

Unrestricted Unrestricted Unrestricted Restricted Restricted Restricted Endowment Endowment 2021 2020
fund fund fund Total Total
6'000 6'000 9'000 f.'000 6'000
Dividends
end interest		 49 49 49
During
the
period
the
Trust		 received dividends of 6450,971 (2020 k591,900) from Its subsidiary
undenaking
(singleton
Birch) that are		 elimmated from the consolidated statement of Financial Activiries
on consolidation.
INCOME/(EXPENDITURE)
FROM COMMERCIAL		 TRADE OPERATION
2021 2020
Total Total
E'000 6'000
TURNOVER 49,668
Cost ofsakts (35,524) (33,943)
GROSS PROFIT 13,359 15,725
Administrative
expenses		 (8,932) (9,794)
4,427 5,931
Other operating
Income/(expenses)		 147
OPERATING PROFIT 4,574 5,933
Share of operating
loss in joint ventures		 (88)
Interest race)vable and similar income 91
Interest payable
and similar charges		 (394) (713)
PROFIT ON ORDINARY ACTIVmES 4,184 5,311
BEFORETAXATION
Dividends
paid to non-controlling		 Interests (434) (568)
NET INCOME/(EXPENDITURE) 3,750 4,743
FROM COMMERCIAL TRADE OPERATION
BEFORE TAXATION AND OTHER
RECOGNISED GAINS/LOSEES

2021 2020
E'000 E'000
Exceptional items 315

Unrestricted Restricted Endowment 2021 202D
fund fund fund Total Total
E'000 r.'000 E'DOD E'000 E'000
Porlfolio management 1'I 12
5. CHARITABLE ACTIVITIES COSTS
Grant
Direct funding Support
costs activitis costs 2021 2D20
(see note 6) (See note 7) Total Total
E'ODD E'000 E'000 E'ODO E'000
Charitable actwibas 28 613

6. GRANTS PAYABL E
2021 2020
6'000 6'000
Donations to beneficiaries 585 525
The total donations paid to institubons during the year was as follows:
2021 202D
6'000 5'000
Bamado's 195 175
NSPCC 195 175
RSPCA 195 175
525
7. SUPPORT COSTS
Governance 2021 2D20
Management Finance costa Total Total
6'000 6'000 6'000 6'DDD
Resources expended 20 28 26
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated afier charging/(crediting):
2D21 2020
Total Total
6'000 6'000
Depreciation
—Owned		 Assets 4,787 4,454
Depreciation
—Leased		 Assets 173 291
Profit on disposal of fixed assets (183) (38)
Amortisation
of goodwill		 98 159
Release of government grant (5) (5)
Other government
grants
Other operating
leases		 (145)
62		 90
Operating
expense arising		 from carbon emission provisions 1,517 201
Auditors'
remunerabon		 for the audit ofthese accounts 6 6
Auditors'
remuneration		 —other services 52
Dividends
paid to external		 shareholders 434 568
Foreign exchange ditferences 24 (2)

TRUSTE ES' REMUNERATION
AND		 BENEFITS
Group Trust
2021 2020 2021 2020
E'ODD f.'000 E'000 E'000
Trustees' remuneration
M J Gardiner 29 29
S R Counsell 78 78
2021 2020 2021 2020
Trustees' expenses E'000 f'000 E'DOD E'000
Trustees' expenses

Group Trust
2021
f'000		 2020
E'DOD		 2021
E'000		 2D20
f'000
INeges and salaries 6,266 6,405
Social security costs 705 663
Other pension costs 754 767
7,725 7,835
The average
m		 onthly
number ofempl		 oyees
during the year wa		 s as follows
Group Trust
2021 2020 2021 2020
f'000 E.'000 E.'ODD E'000
Executive Directors 4 4
Non-Executive Directors 2 2
Production 72 79
Administration 66 63
148

The number ofemployees
whose emplo
E60,000was:		 yee
benefits (excluding		 employer
p		 ension costs) ex ceeded
Group Trust
2021 2020 2021 2D20
E60,001 —E70,000 2 2
E70,001 - E80,000 5 4
E80,001 —E90,000 1
E90,001 - E100,000 1
E100,001 - E110,000
E110,001 - E120,000
E120,001 - E130,000
E130,001 - E140,000
E140,001 - E150,000
F160,001 —E170,000
E190,001 - E200,000
E240,001 —E250,000
E250,001 - E260,000
Key management
personnel
Group True't
2021 2020 2021 2D20
E'000 E'OOD E'ODO E'DOO
Remuneration 1,338

The tax charge on the profit for the year was as follows:
Group Trust
2021 202D 2021 2020
E'000 E'000 E'OOD E'DOO
Current tax:
UK corporation tax 472 819
Total current tax 472 819
Deferred tax 179 193
Tax on profit 651 1,012

TAXATION —cont TAXATION —cont inued inued
Reconciliation
of		 total tax charge Included in profit and loss
The tax assessed for the year Is lower than the standard rate of corporation tax In the UK. The
difference Is explailned below:
Group Trust
2021 2020 2021 2020
E'000 6'000 6'000 E'000
Prottt before tax 4,184 5,311
Profit multiplied
by		 the standard rate of
UK corporation
tax		 19%(2020-19%) 795 1,009
Effects of:
Expenses not deductible for tax purposes 95 87
Additional deductions for qualifying R&D (228) (180)
expenditure
Additional deductions in respect of share (27)
options exercised
Consortium relief 16 (16)
Dirferences arising from change
in		 tax 112
rates
Total tax charge 651 1,012
Tax elfects relating to effects ofother comprehensive income
Actuarial
Movements		 Group Trust
2021 2020 2021 2020
E'000 y'000 E'000 E'000
Gross (632) 204
Tax 120 (39)
(512) 165

Goodwill
8'000
COST
At 1 April 2020
At 31 March 2021
AMORTISATION
At 1 April 2020
Amortisation
for year
Eliminated
on disposal
At 31 March 2021 351
NET BOOK VALUE
At 31 March 2021
At 31 March 2020 728

Group
Freehold Landfill Long Plant and
property
E'000		 site
E'000		 leasehold
F'000		 machinery
8'000		 Totals
8'000
COST
At 1 Apdl 2020
Additions		 118 14,230
596		 5,016 93,896
8,523		 113,260
7,118
Disposals
Revaluation
ad/ustmsnts		 1,383 (012) (O'I2)
1,383
Al 31 March 2021 118 16408 5,018 120,849
DEPRECIATION
At 1 April 2020 8,080 3,800 66,901 78,581
Charge for year 710 147 4,103 4,960
Dlsposals (799) (799)
Revaluation
adjustments		 574 574
At 31 March 2021 3,747 70,205 83,316
NET BOOK VALUE
At 31 March 2021 118 6,844 't,269 29,302 37,533
At 31 March 2020 118 6,150 1,416 26,995 34,879

end. Singleton
Birch
Include the fofiowlng:		 's investments
a		 t the balance sheet date in the s har e
capital		 of comp anies
Subsidiaries
Class of
Name of company share % Holding Nature of business
Birch Chemicals
Limited		 Ordinary 100% Chemilcal processing and distribution
Birch SoluUons
UK Limited		 Ordinary 100% Construction and maintenance of
bloges plants
Minsterport
Umited		 Ordinary 10P/o Sale and maintenanos ofelectronic
weighing equipment
Birch Energy
Limited		 Ordinary 100% Renewable Energy
Birch Haulage
Limited		 Ordinary 1 QQ'/o Dormant
Birch Biolime Limited Ordinary 100'Yv Dormant
Birch Lime Products Limited Ordinary 1Q0% Dormant
Birch Minerals
Limited		 Ordinary 100% Dormant
Birch Solutions (Technical Services) Ordinary 100% Dormant
Limited
Wokfiime
Limited		 Ordinary 100'Yo Dormant
Dedicated
VMI systems		 Limited Ordinary 100% Dormant

Group
Listed Cash Unlisted
investments equivalents investments Totals
E'000 E'000 E'000 E'000
MARKET VALUE
At 1 April 2020
Additions		 1,273
316		 245 1,604
316
Die pose la
Revaluations		 (208)
368		 (245) (453)
368
At 31 March 2021 1,749
NET BOOK VALUE
At 31 March 2021 1,749 1,835
At 31 March 2020 l,273 245 1,604
Trust
Trust
Listed Cash Unbated
investments equivalents Investments Totals
E'000 E'000 E'000 E'000
MARKET VALUE
At 1 April 2020
Additions		 1,273
316		 245 1,525
316
Disposals (208) (245) (453)
Revaluations 368 368
At 31 March 2021 1,749 1,756
NET BOOKVALUE
At 31 March 2021 1,749 1,756
At 31 March 2020 1,273 245 1,525

r the year ende d 3 1 hfarch 2021
16. STOCKS
Group True't
2021 2020 2021 2020
E'DOO E'000 'E'DDO E'000
Stocks 5,037 4,573
17. DEBTORS
Group Trust
2021 2D20 2021 2D20
E'ODO E'DOO E'DDD E'000
Amounts falling due within one yean
Trade debtors 11,240 10,905
UK corporation tax 18
VAT 148 121
Prepayments and accrued ilncome 1,464 2,324
Other debtors 3 4
12,893 13,354
Amounts falling due after more than one year:
Amount-
Deferred		 owed by )oint ventures
tax assels		 1,800
316		 1,800
Prepayments and accrued income 817 883
2,933 2,683
Aggregate amounts 15,826 16,037

Group Trust
2021 2020 2021 2D20
000 E'000 E'ODO E'DOD
Bank loans and overdrafts (see note 20) 2,001 3,844
Hilre purchase contracts (see note 21) 271 255
Trade creditors 6,290 6,769
UK corporation tax 372
Social security and other taxes 1,828 2,258
Other creditors 603 520
Accruals and deferred income 2,301 1,750
13,294 15,768 17

Group Trust
2021 2020 2021 2020
f.'000 f'ODO E'OM f.'000
Bank bans and overdrafts (see note 20) 5,741 4,874
Hire purchase contracts (see note 21) 170 233
Other creditors 36 35
Deferred government grants 19 24
5,965 5,186
20. BANK LOANS AND OVERDRAFTS
Group Trust
2021 2020 2021 2020
E'OOD E'DDD E'DDD E'000
Amounts
felling		 due within one year or on demand:
Bank overdrafts 2,365
Bank loans 2,001 1,479
2,001 3,844
Amounts
falling		 due between one and two years:
Bank loans 2,031 1,508
Amounts
falling		 due between two and five years:
Bank loans 3,710 3,368
Amounts
falling		 due iln more than live years:
Bankloans

LEASING AND HIRE PURCHASE CONTRACTS HIRE PURCHASE CONTRACTS
Group Trust
2021 2021 2020
Hire purchase contracts E'000 E'000 E'000
Gross obligations
repayable:
Within one year 300 285
Between one and five years 181 245
n81
Finance charges repayable:
Within one year 2g 30
Between one and five years 11 12
40
Net obligations repayable.
Within one year 271 255
Between one and five years 170 233
Group Trust
2021 2D20 2021 2D20
E'000 E'000 E'ODO E'D00
Non~ncellable operating leases
Net obligations payable:
Within one year 54
Between one and five years 218
in more than five years 54
324

Group Group Trust Trust
2021 2020 2021 2020
8'000 5'000 5'000 E'000
Deferred tax 1,523 1,148
Other provisions
Site restoration 5,078 4,215
Aftercare provisions 135 121
Carbon emlssions provision 1,373 179
Group share oflosses ki joint venture 88
6,674 4,515
Balance at 31 March 2021 8,197 5,663
Group Trust
Deferred Other Deferred Other
tax
8'000		 provisions
6000		 tax
000		 provisions
6'000
Balance at 1 April 2020 1,148 4,515
Provkled
during year		 59 1,520
Amounts
recognised as		 deferred tax 316
assets
Settled during
the year		 (323j
Unwinding
ofdiscounted		 amount 66
Revaluation
adjustment		 to NPV 808
Group share of losses in joint venture 88
Balance at 31 March 2021 1,523 6,674

or the year ended 3 1Aferch 2021
25. MOVEMENT IN FUNDS
Net Transfer
movement between
At 01.04.20 in funds funds At 31.0321
E'000 f'ODO E'000 E'000
Unrestricted funda 28,606 2,685 (451) 30,840
Restricted funds
Income fund 1,625 (207) 451 1,869
Endowment funds
Capital fund
30,231 2,478 32,709
Net movem ent
In funds,		 included
in Ihe a		 bove are ss follo ws:
Incoming Resources Gains and Movements
resources expended losses in funds
E'DOO E'000 f'000 E'MO
Unrestricted funds 49,122 (46,023) (414) 2,685
Restricted funds
Income fund 49 (624) 368 (207)
Endowment funds
Capital fund
TOTAL FUNDS 49,171 (46,647) (46) 2,478
Comparative information in respect ofIhe preceding
pened		 is as follows:
Gains,
Incoming Resources losses and
At 01.04.19 resources expended transfers At 31.03.20
E'000 E'DOO E'000 f'000 E'000
Unrestricted funds 25,294 49,761 (48,030) (419) 28,606
Restricted funds
Income fund 1,715 49 (563) 424 1,625
Endowment funds
Capital fund
TOTAL FUNDS 27,009 49,810 (46,593) 5 30,231

Net movement Net movement in funds in respect of non-controlling in respect of non-controlling Interests are as follows:
Gains,
Share of Dividends losses and
At 01.D4.20 net income paid transfers At 31.0321
E'ODO E'DDD E'000 E'ODO E'DOD
Unrestricted funds 14,021 1,483 (434) 298 15,368
Restricted funds
Income fund
Endowment funds
Capital fund
TOTALFUNDS 14,021 1,483 (434) 298 15,368

Amounts
reco		 gnised
in the balance sheet were as follow		 s:
2021 2020
E'000 E'000
Present value of funded obligations (32,573) (30,079)
Present value
Fair value of
Unrecognised		 of unfunded
obi)gafions
plan assets
actuarial gains on plan assets		 (1,119)
32,028		 (1,096)
31,466
~1307.
~7004 ~7,000
Changes ln the present value of the defi ned
benefit obligations were		 as follows:
2021 2020
E'000 MOO
Opening defined benefit obligation 31,175 32,129
Interest cost 734 725
Actuarial
Benef)ta		 (gains)rlosses
paid		 2,941
(489)
~7400)~7790)
Closing defined benefit obligation 33003 31 175
Changes In the fair value ofthe pension plan assets were as follows.
2021 2020
E'000 F000
Opening plan assets 31,466 30,773
Interest income 742 695
Actuarial gains 889 1,101
Contributions
made by the employer
Benefits paid		 ~)tN0 ~)703
Closmg plan assets 32,028 31,466
plan asset s was as folkwvs:
2021 2020
E'000 E)000
Bonds 15,259 16,690
Diversaed growth 18,491 14,598
Other 278 178
32,028 31,466

The return
on plan assets		 The return
on plan assets		 was was as follows: follows: follows:
2021 2020
E'DDD E'000
Interest income 742 695
Actual return on plan assets 889 1 181
1 891 1 198
The principal
actuarial
assumptions		 used were as follows:
2D21 2020
Discount rate 2 103'8 2 409%%d
Inflation (RPI) 3.50y8 2.85V9
Allowance
for revaluation
af		 deferred pensions of RPI ar 5'%%d p.a, ifless 3,50y9 2.85'%%d
Albwance
for pension
ln payment		 increases ofRPI or 5'%%d pa if less 3.30% 2.80'y8
Alloww9ce far pension
in payment		 increases ofRPI or 5% p.a. ifless,
minimum
3'Y8 p.a.		 3.8059 3.55'%%d
10059of 100%of Post
Albwance
for commutation		 of pension for cash at retirement Post A Day A Day
The mortality
assumptions		 adopted at 31 March 2021 Imply the fallowing life expectancies at age 60:
2021 2020
Males retiring at balance sheet date 28.0years 26.0years
Females retiring at balance sheet date 28.0years 27.9years
Males retiring
in		 20 years 27.5years 27.5years
Females retinng in 20 years 29.5years 29.5years

Group Trust
2021 2020 2021 2020
f'000
f		 f'000
f		 f.'000 f'000f
Contracted fcr but not provided for in
the financial statements 1,024 1,144

Entities over which the entity has control, joint cont rol or significant
influence
2021 2020
f'DOD f'DDD
f f
Sales 160 139
Recharges at cost 101 230
Purchases (37)
Loan note interest received 90 90
Loan notes due from related party 1,800 1,800
Amount
due from related		 party 202 155
Amount
due to related		 party