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2020-08-31-accounts

Page
Chair’s statement 2
Strategic report 4
Impact review 9
Financial review 11
Governance & Risk Management 15
Thank you to oursupporters 20
Independent auditors’ reportto the members ofThe Dartington Hall Trust 22
Consolidated statement of financial activities for the 17 month period ended 31 25
August 2020
Consolidated and Charity Balance sheets as at 31 August 2020 26
Consolidated statement of cash flows for the 17 month period from 1 April 2019 to 27
31 August 2020
Notestothe financial statementsforthe period ended 31 August 2020 28
Legal and administrative information 51

2019/20 2018/19 Pro rata
Total income £‘OOO Ratio % £‘OOO Ratio% variance
Charitable activities 10,238 51.1 7,396 43.8 (169)
Trading activities 6,965 34.7 6,071 36.0 (1,155)
Donations and legacies 886 4.4 2,241 13.2 (1,616)
Investment and otherincome 1,602 8.0 1,179 7.0 (48)
Government grants 366 1.8 - - 258
Total income 20,057 100.0 16,887 100.0 (2,730)
2019/20 2018/19 Pro rata
Donations and legacies £‘OOO Ratio % £‘OOO Ratio% variance
Individuals 274 30.9 2,174 97.0 (1,981)
Legacies 612 69.1 67 3.0 365
Total income 886 100.0 2,241 100.0 (1,616)

2019/20 2018/19 Pro rata
Total expenditure £‘OOO Ratio % £‘OOO Ratio % ALvanance
Charitable activities 14 994 65 1 11 661 60 2J (231)
Trading activities 6 736 29 3 6 081 314 (1 263)
Investments 530 2.3 945 4.9 (571)
Raisingfunds 140 0.6 162 0.8 (63)
Defined benefit pension scheme 622 2.7 532 2.7 (93)
Totalexpenditure before (2,221)
exceptional costs 23,022 100.0 19,381 100.0

Non-financial key performance 2019/20 2018/19 Variance Variance
indicators (Number) (Number) (Number) (%)
Post-graduate students 111 23 82 356.5
RiP PartnerOrganisations 208 178 30 16.8

I Unrestricted
funds
01/04/2019		 Restricted
funds
01/04/2019		 Tota!
01/04/2019		 Total
to to to Yearended
31/08/2020 31/08/2020 31/08/2020 31/03/2019
Note £‘OOO £‘OOO £‘000 £‘000
Incomefrom:
Donations and legacies 2 61 825 886 2,241
Income from charitable activities 3 9,219 1,019 10,238 7,396
Income from trading activities 4 6,965 - 6,965 6,071
Investmentand other income 5 1,968 - 1,968 1,179
Totalincome 18,213 1,844 20,057 16,887
Expenditure on:
Expenditureon raising funds 6 14 - - 140 162
Expenditure on charitable activities 6 13,465 1,529 14,994 11,661
Expenditure on trading activities F 6 6,736 - ,...
6,736		 6,081
Expenditure on investments 6 530 530 945
Closed defined benefit pension
scheme cost 6 622 - 622 532
Exceptional costs 7 1,304 - 1,304 1,155
Total Expenditure 22,797 1,529 24,326 20,536
Netgains on investments 12a/13 3,052 - 3,052 9,389
Net (expenditure)/income (1,532) 315 (1,217) 5,740
Otherrecognised (losses):
Actuarial (losses) on defined
benefit pension schemes 24 (1,258) - (1,258) (452)
Netmovement in funds (2,790) 315 (2,475) 5,288
Total funds brought forward 34,148 2,427 36,575 31,287
Totalfundscarried forward 31358 2,742 34,100 36,575

Note Group Group Chajlty Charity
31 March 31March
2020 2019 2020 2019
£‘OOO £‘OOO r £‘OOO
Fixed Assets:
Tangible assets 11 - 9,910 10,701 9,863 10,604
Heritageassets 11 J 621 621 621 621
Investments 12 A 16897 25,853 6,897 25,853
Investments in subsidiaryundertakings 12 - 395
Assets held for resale 13 7.518 3.380 3,380
Total fixed assets F 34,946 40,555 • 40,853
Currentassets
Stock 16 338 514 52 63
Debtors 17 2,212 1,133 1,985 1,033
Cash at bank and in hand 6.044 3.435 4.003 1.322
Totalcurrentassets 8,594 5,082 5,040 2,418
Creditors: amountsfallingdue within one
year 18 (6,189) (3,305) (6,481) (3,622)
Net currentassets! (Habllfties) 2,405 1,777 , ( (1,204)
Totalassets lesscurrentliabilities 37 351 42 332 39 649
Creditors: amountsfallingdueafterone
year 18 - (3,000) (3,000)
Net assetsexcluding pension lIability 37 351 39 332 — -_ 36 649
Defined benefit pension scheme liability 24 (3,251) (2,757) (3,251) (2,757)
Total netassets 34 100 36 575 31 602 33 892
ThefundsoftheCharity:
Restricted income funds 20 2,7g. 2,427 395
Unrestricted funds 20 138 13 571 13133 12 920
Revaluation reserve 20 20 744 23 334 20744 23 334
Pension reserve 24 (3,251) (2,757) (3,251) (2,757)
Total unrestrictedfunds - 31,358 34,148 30,626 33,497
Total charity funds 20 34 100 36 575 31,602 33,892

01/04/2019to Yearended
31/08/2020 31/03/2019
Note £‘OOO £‘OOO
Cash flowfromoperatingactivities:
Net cash used in operating activities 22(a) (4,474) (2,206)
Cash flowfrom investing activities:
Interest and rentsfrominvestments I 1,200 1,179
Proceedsfrom sale of fixed assets I 632
Purchase of fixed assets I (855) -,Th.
(1,269)
Proceedsfrom sale ofinvestments 7,853 71
Purchase ofinvestments (296)
Netcash provided by!(used in) investingactivities (315)
Cash flowfrom financingactivities
(Repayment)/ Receipt of loan facility ti; 3,000
Net cash (used in)/ received in financing activities 3,000
Change in cash and cash equivalents in the reporting period 2” 479
Cash and cash equivalents atthe beginning ofthe reporting
period 2,956
Cash and cash equivalentsatthe end ofthe reporting period 6,044 3,435

Freehold property, fixed asset improvements 5
- 10 years
Plant and equipment 4-40 years
Musical instruments 4years
Computerequipment 4years
Motorvehicles 4-5 years
Assets underconstruction Not depreciated until assets is
complete

Unrestricted Restricted Total Unrestricted Restricted Total
01/04/2019 01/04/2019 01/04/2019
to to to Yearended Yearended Yearended
31/08/2020 31/08/2020 31/08/2020 31/03/2019 31/03/2019 31/03/2019
£‘OOO £‘OOO £‘OOO £‘OOO • £‘OOO £‘OOO
Individuals 57 217 274 24 2,150 2,174
Legacies 4 608 612 65 2 67
Total 61 8Z5 886 89 2,152 2,241

Un- Un-
restricted Restricted Total restricted Restricted Total
01/04/2019 01/04/2019 01/04/2019
to to to Yearended Yearended Yearended
31/08/2020 31/08/2020 31/08/2020 31/03/2019 31/03/2019 31/03/2019
£‘OOO £‘OOO £‘OOO £‘OOO £‘OOO £‘OOO
Grant income 1 1,019 1,020 4 649 653
Partnerincome 3,001 - 3,001
Contract income forservices 3,672 - 3,672
Course fees 1,326 - 1,326
Admissions 409 - 409
Rents 708 708 628
Other 102 102 70 - 70
Total 9,219 1,019 10,238 6,747 649 7,396
01/04/2019 to 01/04/2019 to Yearended
31/08/2020 31/03/2019
£‘OOO £‘OOO
School for Social Entrepreneurs 187
-
University of Bath
— DSSE		 72A: 59
Bristol CityCouncil — DSSE — 25 37
VTKO Group
- OSSE		 114
Devon CountyCouncil
— DSSE		 59
Public Health England
—Research in Practice		 79 25
OtherStatutory grants 4 6
Educational institutions, charities and privatetrusts 480 526
Total 1,020 653

Hotel activities Trading
activities Total Total
01/04/2019to 01/04/2019to 01/04/2019to Yearend
31/08/2020 31/08/2020 31/08/2020 31/03/2019
£‘OOO £‘OOO £‘OOO £‘OOO
Turnover 3,758 3207 6,965 6,071
Costs t3.6021 (3.1341 (6.736) (6.081)
Enterprise profit/ (loss) 156 73 229 (10)
Contribution to estate maintenance
paid directlyto Dartington 224 82 306 283
Enterprisecontribution to
Dartington 380 155 535 273

t7 01/04/2019 to 01/04/2019 to Yearended
31/08/2020 31/03/2019
£‘OOO £,000
Intereston cash at bank 19 9
Intereston Seedbed loans c 16 17
Rental income 1,165 1,153
Gain on sale of properties held for resale 402
Governmentgrant —Job Retention Scheme 366
Total . 1,968 1,179

Activities Support —
undertaken costs Total Total
01/04/2019to 01/04/2019to 01/04/2019 to Year ended
31/08/2020 31/08/2020 31/08/2020 31/03/2019
£‘OOO £‘OOO £‘OOO £‘OOO
Expenditure on raising funds 140 - 140 162
Expenditure on charitable activities:
Arts 1,216 200 1,416 1,531
Learning : 8,567 1,410 9,977 6,636
Social Justice 20 3 23 122
Destination 298 49 347 591
Placemaking 2.774 457 3.231 2.781
Total expenditure or charitable
activities 12,875 2,119 14,994r 11,661
Expenditure on trading activities 6,736 - 6,736j 6,081
Expenditure on investments 530 - 530 945
Costofclosed defined benefit
pension scheme 622 622 532
Exceptional costs 1,304 - 1,304 ItLI 1,155
Total [ 22,207 119 20,536
34

01/04/2019to 31/08/2020 Yearended 31/03/2019
Supportcosts £‘OOO £‘OOO
Finance 510 418
Human Resources & Payroll 329 246
Information Technology 270 252
Central Management 494 278
Communications 376 285
Governance 140 81
Total 2,119 1,560

Charity Dartington Dartington
Accommodati Trading
on & Catering Company
Services Limited Total Total
01/04/2019to 01/04/2019to 01/04/2019to 01/04/2019to Yearended
31/08/2020 31/08/2020 31/08/2020 31/08/2020 31/03/2019
£‘000 £‘OOO £‘OOO £‘OOO
Redundancy costs 278 21 385
Write offproperty
development costs
Legal and		 919 - I: 919
Administrativecosts 1,155
Total 1,197 21 1,304 1,155

Yearended Yearended
01/04/2019 to 31/08/2020 01/04/2019 to 31/08/2020 31/03/2019 31/03/2019
Number £‘OOO Number £‘000
Total 11 16 10 14

01/04/2019to Yearended
31/08/2020 31/03/2019
£‘OOO £‘OOO
Wagesandsalaries 9,499 7,104
Social security costs 730 567
Otherpension costs 364 260
Apprentice levy 23 20
Cost ofclosed defined benefit scheme 622 423
Total 8,374
01/04/ZOl9to Yearended
31/08/2020 31/03/2019
• Number Number
£70,000-£79,999 I 2 2
£80,000-£89,999 L 1 1
£90,000-£99,999 2 2
£100,000-£109,999 II 1 -
£110000
£119999		 1 1
01/04/2019to31/08/2020 01/04/2019to31/08/2020 Yearended
£‘OOO 31/03/2019
£‘OOO
•
Remuneration
•
for services		 Post-
employment
benefits		 Total Total
Charity keymanagement 993.5 43.7 1,037.2 700.0
Trading keymanagement 65.8 3.1 68.9 48.0
Total Group Keymanagement 1,059.3 46.8 1,106.1 748.0

01/04/2019to 31/08/2020 Yearended 31/03/2019
Number Numbers
Costs ofgenerating funds 2 2
Enterprises 95 109
Propertyand investment 23 27
Charitable activities 127 132
Total 247 270

Net (expenditure)/income isstated 01/04/2019 to 31/08/2020 Yearended 31/03/2019
afterchargingthe following: g’ooo ,000
Auditors’ remuneration
Auditfees (charity)
Consultancyservices
— Bond Listing
& DHEB PLC		 Ii
VAT & Tax advisoryservices I
(charity) 4
Operating land rentals: I
Land and buildings 31 22
Depreciation ofowned assets 545 417
(Gain)/ Loss on disposal offixed
assets (394) 10

Freehold Equipment,
land and Assets under instruments Heritage
property construction and vehicles assets Total
rooo E’OOO £‘OOO £‘OOO £‘OOO
At 31 March 2019
Cost 8,530 919 4,593 621 14,663
Accumulated depreciation (760) (2,678) (3,438)
Net bookvalue 7,770 1,915 621 11,225
Periodended 31August2020
Opening net bookamount 7,770 1,915 621 11,225
Additions - I 451 - 839
Transfer to investments (19) I - (19)
Amountswritten off I (919)
Disposals - (159) (159)
Depreciation (132) (351) (483)
Closingnetbookamount Z619 378 1,866 621 10,484
At3lAugust2O2O
Cost 8,511 378 4,895 621 14,405
Accumulated depreciation (892) - (3,029) - (3,921)
Closingnet book amount 619 378 1,866 621 10,484

Freehold Freehold Equlpmen;
land and Assets under instruments Heritage
property Construction and vehicles assets Total
00 £,000 £‘OOO £‘OOO ‘000
At31 March 2019
Cost 8530 919 5440 621 15,510 I
Accumulated depreciation (760) (3 428) (4,188) •
Net bookvalue 7,770 919 2,012 621
Period ended 31August2020
Opening net bookamount 7,770 il_I- 919 2,012 621 11,322
Additions . -f 378 477 855
Transfer to investments (1” - - - (19)
r
Amountswritten off , - - t919)
Disposals -I (163) - : (163)
Depreciation (132) (413) (545)
Closingnet bookamount 7,619 378 1,913 621 10,531
At 31August2020
Cost 8,511 378 5,754 621
Accumulated depreciation (892) - .j3,841) -
Closingnet book amount êr ‘- 378 9431

Charity:
Totalgroup Investment in
Investment Other investment subsidiary
properties investments S undertakings
E’OOO £‘OOO £‘OOO c,000
Costor valuation
At 1 April 2019 25,643 210 25,853 395
Transferfrom fixed assets 19 - 19
Seedbed loans repaid
Reversal ofprevious		 (;iAQ)
impairment provision - 39
Transfertoassets held for
resale if
Disposals IL
Revaluation
At3iAugust2OZO 119 7 395
Historicalcost
At31 March 2019 3,660 270 3,930 395
At31August 2020 2,750 119 2,869 395
2019 2018
12 months 12 months
to3lDec to3lDec
£‘OOO £‘OOO
Profit forthefinancial year 287 121
Othercomprehensive income . (485) 134
Shareholders’ funds ,. (4,473) (4,273)
Investments in excess of5%oftotal investments 2020
£‘OOO		 20191
£‘OOO
Charityandgroup:
Investment properties 16,778 25,643

Group Charlt’L’ Group Charity
2020 2020 2019 2019
£‘OOO £‘OOO £‘OOO £‘OOO
At 31 March 2019/31 March 2018 P 3,380 3,380
Transferfrom Fixed Assets - 75 75
Transferfrom Investments 5,468 6,468 3,305 3,305
Disposals (2,130) (2,130)
Impairment — (200) (200) -
At 31 August2020/31 March 2019 7,518 7,518 3,380 3,380
Historical cost
At3lMarch2Ol9 - - 2,008 2,008
At3lAugust2OZO 783 783

ubsidiary undertakings are shown bel ow.
Nature ofbusiness Nature ofcontrol
Dartington Accommodation & Catering
Services Limited		 Accommodation & catering Wholly owned byThe Dartington Hall
Trust-100% ofordinary shares.
Dartington Trading Company Limited
(The)		 Retail Whollyowned byThe Dartington Hall
Trust-100% of ordinary shares
Dartington Hall Pension Trustees Limited Corporate Trustee Whollyowned byThe Dartington Hall
Trust -100% ofordinary shares
Dartington
Hall
Estate
Bond
(dissolved 30September 2020)		 PLC Fund management activities Whollyowned byThe Dartington Hall
Trust -100% ofordinaryshares
Schumacher College Foundation Support Schumacher
College		 Whollycontrolled.Trustees areeither
Trustees or Senior Personnel of The
Dartington Hall Trust

Dartington
Accommodation		 The
Dartington		 Dartington Schumacher
and Catering
Services Limited		 Trading
Company
Limited		 Hall Estate
Bond PLC		 College
Foundation		 Total
£‘ODO E’OOO rooo £‘OOO £‘OOO
Period 1/4/2019to 31/8/2020
Turnover 3,787 2,996 160 6,943
Otherincome 229 212 - - 441
Total income 4 016 3 208 160 7,384
Total costs (3 923) (3 222) (425) (7 570)
Profit/ (Loss) retained in
subsIdiary 93 (14) - (265) (186)
The assets and liabilitiesofthe
subsidiaries were:
Total assets 633 1,087 32 1,928 3,680
Total liabilities (286) (330) (11) (161) (788)
Total netassets 347 757 21 1,767 2,892
Aggregateshare capital and
reserves 347 757 21 1,767 2,892
Dartington
Accommodation		 Dartington
Accommodation		 Dartington Dartington’chumacher Dartington’chumacher
.
and Catering
.
Services Limited		 Trading
Company
Limited		 Hall Estate
Bond PLC		 College
Foundation		 Total
5,000 C’OOO 5,000 £‘OOO 5,000
Yearended 31 March 2019
Turnover 3,538 2,825 2,001 8,364
Total costs (3,553) (2,832) (29) (147) (6,561)
(Loss)/Profitretained in
subsidiary (15) (7) (29) 1,854 1,803
The assets and liabilitiesofthe
subsidiaries were:
Total assets 630 915 37 2 094 3676
Total liabilities (376) (144) (16) (62) (598)
Total netassets 254 771 21 2,032 3,078
Aggregate share capital and
reserves 254 771 21 2,032 3,078

Charity Group Charity
. 2ö20 2020 2019 2019
£‘OOO £‘OOO, £‘OOO E’OOO
Livestock 25 25 25 25
Consumable stores 2 2 9 9
Retailing 271 428
Raw materials 40 25 52 29
Total 338 52 514 63

Group Charity Group Charity
2020 2020 2019 2019
£‘OOO £‘OOO £‘OOO £‘OOO
Trade debtors 902 852 625 574
Otherdebtors 1,191 1,081 409 378
Prepayments and accrued income 119 • 99 81
Total 1,133 1,033

- Group Charity Group Charity
2020 2020 2019 2019
£‘OOO £‘OOO g’ooo
Trade creditors 789 572 928
Amounts owedto group
undertakings 889 830
Taxation and social security - 1,053 958
Othercreditors 134 30 5
Payments receivedforperformance
relatedgrants 2 2 23
City Bridge loan ,. 1,253 1,253 -
Accruals and deferred income 2,717 - 1,836
Total 6,89 6,481 3,622

1Apr11 31August
2019 Released Deferred 2020
£‘OOO £‘OOO £‘OOO £‘OOO
Fees received in advance 376 376 154 1
Partner Grants received in advance 247 247 1,223 I
Contract income 99 99 395
Grant income 99 99 25
Rental income 8 8 22
Total 529 829 1,819

t1netrictedfunds Restricted Total
funds funds
£‘OOO £‘OOO £‘OOO
Groupfund balances at31 August
2020 are represented by:
Tangible assets 10,531 10,531
Assets for resale 7,518 7,518
Investments 16,897 16,897
Net currentassets and liabilities
fallingdue within one year (337) 2,742 2,405
Longterm pension liability (3,251) - (3,251)
31,358 2,742 34,100
Unrestricted Restricted Total
funds funds funds
£‘OOO £‘OOO £‘OOO
Charityfund balancesat31August 2020
are represented by:
Tangible assets 10,484 - 10,484
Assets for resale F 7,518 - 7,518
Investments 17,292 -
-		 17,292
Netcurrentassets and liabilities falling
due within one year (1,417) 976 (641)
Longterm pension liability (3,251) - (3,251)
30,626 976 31,602

Balance
Balanceat Gains and Transfers at31
31 March Expend losseson between August
2019 Income iture revaluation funds 2020
£‘OOO £ 000 £ 000 £ 000 £ 000 £000
Unrestricted Funds
Generalfund 11,248 (15,695) 1,728 3,083 2,421
Designatedfunds:
Fixed assetfund 8,391 - - (151) 8240
Maintenancefund 1,669 - - - 1,669
Subsidiaryfund 651 .
1421		 731
RiP fund 803 260 804
- ,“-, ..
Total designatedfunds • 11,514 6,965 7,102) - 67 11,444
Revaluation fund ‘ 23,334 ,.24 (3,914) 20,744
V -.
Pension reserve 2,757) * - 1,258) 764 (3,251)
Total unrestricted (Z2,797) iLIh1I..._ 31.358
Restrictedfunds
SummerSchool *
Social Entrepreneurs - - - -
SEEDbed . - - - 111
Public Health England - 79 (79) - h. -
Refugee Support
Network 8 - (8) -
Esmee Fairbairn 55 36 (47) 44
CaddyLegacy—mixed - 60 - 60
Gyani
- Cabin		 - - 35
Wilson Legacy— listed
buildings - 185 - - 185
SchumacherCollege 20 62 (66) - 16
SchumacherCollege
Foundation ‘ 2,032 159 (424) - - 1,767
Gardens 87 118 t21) - - 184
Other 34 75 (90) - 19
Total restrictedfunds 2,427 1,844 (1,529) - - 2,742
Totalfunds 36,575 20,057 (24,326) -4,794 -

01/04/2019to Yearended
31/08/2020 31/03/2019
£‘DOO ,0oo
(a)
Reconciliation ofnet (expenditure)/income
to netcash outflowfrom operatingactivities:
Net (expenditure)/income forthe period (1,217) 5,740
Depreciation 545 417
(Profit)/ Loss on disposal offixed assets (394) 10
(Profit) on disposal ofinvestments (1,728)
Revaluation ofinvestments (1,524) (9,389)
Impairmentoffixed assets 919
Impairmentof investments 161 32
Pension scheme charge/(credit) (764)I 109
Decrease/ (Increase) instocks 176 438
Decrease/ (Increase) in debtors (1,079) 2,032
(Decrease)/Increase in creditors 1,631 (416)
Rental income receivable (1,165) (1,153)
Seedbed interestreceived (16) (17)
Interest receivable (19) (9)
Netcash outflowfrom operatingactivities (2,206)

01/04/2019 to 01/04/2019 to Vearended
31/08/2020 31/03/2019
£‘OOO £‘OOO
(b) Reconciliation ofnetcashflowto movementsin
net funds and debt:
Increase in cash and cash equivalents intheyear 2,609 479
Decrease/(increase) in City Bridge Loan 1,747 (3,000)
Movementin netfundsand debt intheyear
Net funds at 1 April 435 2,956
Net funds at31August2020/31 March 2019 4,791 435
lApril 3lAugust
K 2019 Cash flow 2020
£‘OOO £‘OOO £‘OOO
(c) Analysis ofnetfundsanddebt:
Cash atbank and in hand 3435 2 609 6,044
City Bridge Loan (3,000) 1,747 (1,253)
Total 435 4.791

01/04/2019to Yearended
31/08/2020 31/03/2019
Rateofincrease in pensionable salaries 3.0 3.3
RPI inflation 3.0 3.3
CPI inflation 2.2 2.4
Rate ofincrease in pensions in payment:
5.00%/ RPI 30 3.3
250%/ RPI 19 2.1
Discount rate forliabilities 1.5 2.4
01/04/2019to 01/04/2019to Yearended
31/08/2020 31/03/2019
Retiringtoday:
Males 21.7 21.3
Females 24.0 23.2
Retiring in 20years
Males 22.7 22.3
Females 25.1 24.4
The value ofassets in the scheme and the present value of liabilities atthe balance sheet date were:
2020 2019
Fairvalue Fairvalue
£‘OOO £‘OOO
Equities 9,990 8,701
Bonds 2,357
LDI funds 3,106 3,517
Annuity policies 2,572 2,610
Cash P 943
Netcurrent assets 1,068
Total marketvalue ofassets 19,782 18,128
Presentvalue ofscheme liabilities (23,033) (20,885)
Deficitinthescheme (3,251) (2,757)

01/o4/2019 to Yearended
31/08/2020 31/03/2019
£‘OOO £‘OOO
Past service cost 333 170
Administrative expenses 33 19
Interests cost 685 521
Interestincome (611) (465)
Totalcost ofdefined benefit pensionfund scheme 440 245

Interest on pension assets 611 465
Actuarial gain on assets 1 216
Actual return onscheme assets F— 1,985 681
01/04/2019to Yearended
31/08/2020 31/03/2019
£‘OOO E’OOO
Total actuarial (loss) (1,258) (452)
Total actuarial (loss) (1,258) (452)
Total cumulative actuarial loss recognised in SOFAat 1 April (5,139) (4,687)
Total cumulative actuarial loss recognised in SOFAat 31 March (6,397) (5,139)

01/04/2019to Yearended
31/08/2020 31/03/2019
£‘OOO £‘000
Deficit in scheme atthe startofthe period (2,757) (2,196)
Employercontributions 1,204 136]
Past service cost (333) (170)
Otherfinance cost (74) (56)
Scheme expenses (33) (19)
Actuarial (loss) (1,258) (452)
Deficit in scheme at end ofthe period {) (2,757)

01/04/2019 to Yearended
31/08/2020 31/03/2019
Reconciliation ofliabilities £‘OOO £‘OOO
Liabilities atthe start of the year 20,885 20,519
Interestcost 685 521
Actuarial loss 2,632 668
Benefits paid (1,502) (993)
Past service cost 333 170
Liabilitiesat the end ofthe period 23,033 20,885
01/04/2019 to Yearended
31/08/2020 31/03/2019
Reconciliation ofassets E’OOO £‘OOO
Assets at thestart ofthe period 18,128 18,323
Interest income 611 465
Actuarial gain 1,374 216
Employercontributions 1,204 136
Scheme expenses (33) (19)
Benefits paid —_________
(1,502)
(993)
Assetsatthe end ofthe period 19,782 18,128

Group Group
2020 2019
Land and buildings Land and buildings
£‘OOO £‘OOO
Less than one year 22 22
Laterthan one year and not laterthan five years 24 24

Name Organisation/ Role Organisation/ Role Natureofrelated partytransaction
Directoror Riverford Organic Farms Ltd.
Dartington paid £31k (2019: £25k) for
goods supplied. Creditor balance £0 (2019:
Rachel Watson DHT—Trustee £2.2k)
Directorof Ben s Farm Shop Dartington
paid £10.2k(2019: £3.5k) forgoods
W ‘ supplied. Creditorbalance £0.4k (2019:
£08k