## ## ## ## ||Page| |---|---| |Reference and administrative details of the charity, its tmstees and advisers|1.2| |Brigade Executive's Annual Report|3-9| |Independent auditors' report|10-12| |Statement of financial activities|13| |Balance sheet|14| |Cash flow statement & analysis of net debt|15| |Notes to the financial statements|16-38| ## |Office Bearers|| |---|---| |President|Rev Dez Johnston| |Vice Presidents|David Aubrey KC| ||Alison Chambers| ||Mervyn Murdock| ||lan Rumbelow| |Treasurer|Stephen Mann| |Chaplain|Rev Leigh Maydew (term of office completed 2nd September 2022)| ||Rev Stewart Cutler (appointed 3rd September 2022)| |Trustees|David Aubrey KC (tenn of office completed 2nd September 2022)| ||Lee Bird| ||Stewart Buchanan| ||Ronald Campbell| ||Robert Cunningham| ||Rev Stewart Cutler (appointed 3rd September 2022)| ||Philip Daley| ||Jaime Ellis| ||Thorn Hammond (resigned 1st December 2022)| ||Michael MacAulay (term of office completed 2nd September 2022)| ||Stephen Mann| ||Rev Leigh Maydew (term of office completed 2nd September 2022)| ||Paul McCarroll (resigned 7th March 2023)| ||Margaret Pang (appointed 26th January 2023)| ||lan Rumbelow| ||Sam Templeton (appointed 3rd September 2022)| |Company registered number|145122| |Charity registered numbers|305969 and SC038016| |Registered office|Felden Lodge| ||Hemel Hempstead| ||Hertfordshire| ||HP3 OBL| |Company Secretary and|| |Chief Executive Officer|Jonathan Bales| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---| |||funds|funds|funds|funds|funds| ||Note|2023|2023|2023|2023|2022| |||£|£|£|£|£| |Income and endowments from:||||||| |Donations and legacies|4|415,271|33,305||448,576|204,605| |Training centres||566,834|||566,834|306,181| |Investments|6|57,283|2,337|1,059|60,679|40,696| |Charitable activities:||||||| |Annual capitation contributions||917,412|||917,412|755,261| |Supplies sales|3|523,195|||523,195|391,955| |Grants receivable|5|108,197|354,703||462,900|342,293| |Annual festival and other events||26,349|||26,349|2,950| |Total income and endowments||2,614,541|390,345|1,059|3,005,945|2,043,941| |Expenditure on:||||||| |Raising funds:||||||| |Cost of raising funds|9|181,242|||181,242|201,725| |Training centres (non-Brigade use)||455,854|||455,854|394,213| |Investment management||8,206|949|396|9,551|11,940| |Charitable activities:||||||| |Supplies - Cost of sales|3|299,335|||299,335|244,549| |Supplies - Administration|3|98,486|||98,486|86,671| |Grants payable|7|115,529|102,054||217,583|171,706| |Training centres (Brigade use)||80,445|||80,445|43,801| |Management and delivery of
activities|9|1,191,933|280,718|670|1,473,321|1,014,042| |Exceptional pension costs|2|||||81,000| |Total expenditure||2,431,030|383,721|1,066|2,815,817|2,249,647| |Net income / (expenditure) before
investment gains/(Iosses)||183,511|6,624|(7)|190,128|(205,706)| |Net (losses)/gains on investments 14||(77,453)|(3,957)|(2,653)|(84,063)|32,860| |Net income / (expenditure) before
transfers||106,058|2,667|(2,660)|106,065|(172,846)| |Transfers between Funds|19|46,366|(46,366)|||| |Net income / (expenditure) before||||||| |other gains and losses||152,424|(43,699)|(2,660)|106,065|(172,846)| |Actuarial (losses)/gains on defined||||||| |benefit pension scheme 24||(35,000)|||(35,000)|66,000| |Net movement in funds||117,424|(43,699)|(2,660)|71,065|(106,846)| |Reconciliation of funds:||||||| |Total funds at 1 April 2022||4,348,682|271,743|36,169|4,656,594|4,763,440| |Total funds at 31 March 2023|19|4,466,106|228,044|33,509|4,727,659|4,656,594| ## ## ||||2023||2022| |---|---|---|---|---|---| ||Note|£|£|£|£| |Fixed assets|||||| |Intangible assets|12||1||29,083| |Tangible assets|13||3,567,188||3,567,188| |Investments|14||815,565||897,730| ||||4,382,754||4,494,001| |Current assets|||||| |Stocks|15|230,952||188,977|| |Debtors|16|306,321||197,458|| |Cash at bank and in hand|23|590,475||402,940|| |||1,127,748||789,375|| |Creditors: amounts falling due within one year|17|(433,907)||(302,824)|| |Net current assets|||693,841||486,551| |Total assets less current liabilities|||5,076,595||4,980,552| |Deferred income|18||(348,936)||(323,958)| |Net assets|||4,727,659||4,656,594| |Charity Funds|||||| |Endowment funds|19||33,509||36,169| |Restricted funds|19||228,044||271,743| |Unrestricted funds|19||4,466,106||4,348,682| |Total funds|||4,727,659||4,656,594| ## ## ## |Cash flow statement||2023|2022| |---|---|---|---| ||Note|£|£| |Cash flows from operating activities|||| |Net cash provided by/(used in) operating activities|22|164,302|(81,062)| |Cash flows from investing activities:|||| |Dividends, interest and rents from investments||23,233|20,960| |Transfer from investment portfolio|||100,000| |Net cash provided by investing activities||23,233|120,960| |Change in cash and cash equivalents in the year||187,535|39,898| |Cash and cash equivalents brought forward||402,940|363,042| |Cash and cash equivalents carried forward|23|590,475|402,940| |Analysis of net debt|At 1 April
2022|Cash flows|At 31 March
2023| ||£|£|£| |Cash at bank and in hand|402,940|187,535|590,475| |Loans falling due within one year|(5,000)||(5,000)| ||397,940|187,535|585,475| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||2023|2022| |---|---|---| |Income from:|£|£| |Donations and legacies|415,271|163,766| |Training centres and other rental income|566,834|306,181| |Investment income|57,283|37,828| |Annual capitation contributions|917,412|755,261| |Supplies sales|523,195|391,955| |Grants|108,197|185,369| |Annual festivals and other events|26,349|2,950| |Total income|2,614,541|1,843,310| |Expenditure on:||| |Cost of raising funds|181,242|201,725| |Training centres (non-Brigade use)|455,854|394,213| |Investment management fees|8,206|10,482| |Supplies - cost of sales|299,335|244,549| |Supplies - administration|98,486|86,671| |Grants to Battalions and Districts|115,529|101,079| |Training centres (Brigade use)|80,445|43,801| |Management and delivery of the charity's puq^oses|1,191,933|865,297| |Exceptional pension costs||81,000| |Total expenditure|2,431,030|2,028,817| |Net income/(expenditure) before investment gains|183,511|(185,507)| |Investment (losses)/gains|(77,453)|32,600| |Net operating surplus/(deficit)|106,058|(152,907)| |Transfers from other funds|46,366|| ||152,424|(152,907)| |Actuarial (losses )/gains on defined benefit pension scheme|(35,000)|66,000| |Net movement in funds for year|117,424|(86,907)| ## ## ||2023|2022| |---|---|---| ||£|£| |Sales|523,195|391,955| |Cost of sales|(299,335)|(244,549)| ||223,860|147,406| |Administration|(98,486)|(86,671)| |Net surplus|125,374|60,735| ## ||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---| ||funds|funds|funds|funds|funds| ||2023|2023|2023|2023|2022| ||£|£|£|£|£| |Donations|79,561|33,305||112,866|102,925| |Legacies|335,710|||335,710|101,680| ||415,271|33,305||448,576|204,605| ## ## ## ||2023|2022| |---|---|---| ||£|£| |General fund: -||| |Children, Young People and Families Early Intervention Fund|63,000|60,000| |Falkirk Council Covid-19 Support|4,245|15,100| |Dacorum Council Hospitality||6,000| |Coronavirus Job Retention Scheme||55,032| ||67,245|136,132| |Restricted funds: -||| |NVYO Support Fund|10,000|18,500| |Youth Scotland Generation Cashback Phase 5|118,823|120,860| |Church of Scotland - Guild Project|1,095|5,781| |Coronavirus Job Retention Scheme||11,783| |Bolton University|35,500|| |Uniformed Youth Fund - DCMS|66,616|| |Youth Investment Fund - DCMS|122,669|| ||354,703|156,924| |Designated funds: -||| |Landfill Tmsts|40,952|49,237| ||40.952|49,237| ||462,900|342,293| ## ||Unrestricted Restricted|Endowment Total|Total| |---|---|---|---| ||funds funds|funds funds|funds| ||2023 2023|2023 2023|2022| ||£ £|£ £|£| |Deposit interest|1,300|1,300|64| |Income from investments|18,983
2,337|1,059
22,379|21,632| |Pension income|37,000|37,000|19,000| ||57,283
2,337|1,059
60,679|40,696| ## ## ## ## ||Unrestricted|Restricted|Total|Total| |---|---|---|---|---| ||funds|funds|funds|funds| ||2023
£|2023£|2023£|2022
£| |Northern Ireland District|115,529||115,529|101,079| |Other Battalions, Districts and Companies||102,054|102,054|70,627| ||115,529|102,054|217,583|171,706| ## ||Unrestricted Restricted Endowment Total|Total| |---|---|---| ||funds funds funds funds|funds| ||2023 2023 2023 2023
£ £ £ £|2022£| |Auditors' remuneration - audit services|9,500
9,500|9,500| |Auditors' remuneration - other services|13,266
13,266|13,181| |Committee expenses|5,548
5,548|3,375| |Legal and professional fees|63,206
63,206|10,763| |Annual report|1,750
1,750|760| |Staff training|751
751|| ||94,021
94,021|37,579| ## ## ## |||Management||| |---|---|---|---|---| |Cost of and delivery of||||| |generating charity's|||Total|| |funds Supplies||purposes|2023|2022| |£ £ £|||£|£| |Staffcosts 83,531|10,716|429,819|524,066|534,879| |Staff training 106||554|660|1,849| |Outsourcing management fee|52,726||52,726|45,737| |Travelling 4,518||23,717|28,235|18,831| |Development 1,326||6,959|8,285|11,986| |Training courses 4,666||24,495|29,161|1,696| |Office services 5,407||28,388|33,795|24,301| |Insurance 20,719||108,773|129,492|132,582| |Printing and stationery 969||5,085|6,054|4,254| |IT expenses 6,684||35,093|41,777|40,623| |Postage and carriage 364|35,044|1,910|37,318|29,886| |Repairs and maintenance 324||1,700|2,024|2,807| |Leasing 2,188||11,489|13,677|15,589| |Amortisation 4,653||24,428|29,081|265| |Communications 5,364||28,159|33,523|61,083| |Sundries 914||4,799|5,713|8,809| |Irrecoverable VAT 9,744||51,155|60,899|36,751| |Bank charges 2,094||11,144|13,238|9,085| |Subscription to Global &||||| |European Fellowship||1,500|1,500|1,500| |Online Brigade Manager 6,646||34,903|41,549|43,266| |Pension scheme costs||64,725|64,725|37,441| |Governance costs 21.025||72,996|94,021|37,579| |Direct expenditure attributable to||||| |Designated Funds||260,142|260,142|92,894| |Internal recharges to||||| |training centres||(40,000)|(40,000)|(40,000)| |181,242|98,486|1,191,933|1,471,661|1,153,693| |Included above are support costs of: -||||| |Staff costs||57,726|57,726|50,958| |Other costs||3,737|3,737|2,333| |Governance costs
21,025||72,996|94,021|37,579| |Operations||2,427|2,427|| |21,025||136,886|157,911|90,870| ## ## ## ## |This is stated after charging:||| |---|---|---| ||2023|2022| ||£|£| |Operating lease expense|63,064|65,547| |Amortisation charged|29,082|264| |Auditors' remuneration - audit services|9,500|9,500| |Auditors' remuneration - other services|13,266|13,181| |Trustee and officer indemnity insurance|4,823|4,580| ## |Staff costs were as follows:||| |---|---|---| ||2023|2022| ||£|£| |Wages and salaries|682,668|736,539| |Social security costs|59,105|49,908| |Defined contribution pension costs|28,653|28,094| |Defined benefit pension operating costs|14,000|16,000| |Redundancy costs||18,485| ||784,426|849,026| ||2023|2022| |---|---|---| ||No.|No.| |Full time|24|26| |Part time|10|5| ||34|31| ## ## ## ## |||Access Rights||| |---|---|---|---|---| |||to Felden||| |||Lodge£|Copyrights£|Total
£| ||Cost|||| ||At 1 April 2022 and 31 March 2023|33,047|1|33,048| ||Amortisation|||| ||At 1 April 2022|3,965||3,965| ||Charge for the year|29,082||29,082| ||At 31 March 2023|33,047||33,047| ||Net book value|||| ||At 31 March 2023||1|1| ||At 31 March 2022|29,082|1|29,083| |13.|TANGIBLE FIXED ASSETS|||| |||Freehold|Fixtures &|| |||property£|fittings
£|Total£| ||Cost|||| ||At 1 April 2022 and 31 March 2023|3,588,232|257,133|3,845,365| ||Depreciation|||| ||At 1 April 2022|21,044|257,133|278,177| ||Charge for the year|||| ||At 31 March 2023|21,044|257,133|278,177| ||Net book value|||| ||At 31 March 2023|3,567,188||3,567,188| ||At 31 March 2022|3,567,188||3,567,188| ## ## ||Unrestricted|Restricted|Endowment|| |---|---|---|---|---| ||Funds£|Funds£|Funds£|Total
£| |1 April 2022
Additions|774,410
232,345|87,151
1,503|36,169
7,095|897,730
240,943| |Disposals
Net realised and unrealised gains/(losses)|(229,536)
(77,453)|(2,407)
(3,957)|(7,102)
(2,653)|(239,045)
(84,063)| |31 March 2023|699,766|82,290|33,509|815,565| ## ||2023
£|2022£| |---|---|---| |Consumables|10,712|7,224| |Supplies for resale|220,240|181,753| ||230,952|188,977| ## ||2023
£|2022£| |---|---|---| |Trade debtors|141,055|39,532| |Other debtors|1,058|5,287| |Prepayments and accrued income|164,208|152,639| ||306,321|197,458| ## ## |17. CREDITORS:||| |---|---|---| |Amounts falling due within one year||| ||2023£|2022
£| |Other loans|5,000|5,000| |Payments received on account|11,179|3,526| |Trade creditors|196,763|171,641| |Other taxation and social security|32,623|21,334| |Other creditors|69,728|31,218| |Accruals and deferred income|118,614|70,105| ||433,907|302,824| |18. ACCRUALS AND DEFERRED INCOME||| ||2023£|2022
£| |Annual capitation contributions received in advance|348,936|323,958| ## ## ||Brought||Transfers||Carried| |---|---|---|---|---|---| ||Forward£|Income Expenditure
£ £|in/out Gains/(losses)
£ £||forward£| |Designated funds|||||| |Freehold Property Fund
Building Fund
Unite Christian Festival|3,567,189
4,592|40,953
(40,770)|1,007||3,567,189
5,782| |England
Carronvale Appeal
Children and Youthwork Fund
England Support
Minibus Fund
KGVI Fund
Scottish Development
Strategic Plan Fund
Ken- Charitable Trust|11,809
1,007
84,438
25,367
549
2,737
5,414
31,496
5,000|14,731
15,000
64,640
(13,830)
(173,950)
(6,310)
(449)
(20,502)
(4,331)|(1,007)
225,000
(5,000)
51,366||12,710
135,488
19,057
100
2,737
15,414
127,000
669| ||3,739,598|135,324
(260,142)|271,366||3,886,146| |General funds|||||| |General Fund
Pension reserve|609,084|2,442,217
37,000
(2,168,888)
(2,000)|(225,000)|(77,453)
(35,000)|579,960| ||609,084|2,479,217 (2,170,888)|(225,000)|(112,453)|579,960| |Total Unrestricted funds|4,348,682|2,614,541 (2,431,030)|46,366|(112,453)|4,466,106| ||Brought||Transfers Carried| |---|---|---|---| ||Forward£|Income Expenditure
£ £|in/out Gains/(losses) forward
£ £ £| |Endowment funds|||| |Cave Allan Legacy|36,169|1,059
(1,066)|(2,653) 33,509| ## ## ||Brought|||Transfers||Carried| |---|---|---|---|---|---|---| ||Forward|Income Expenditure||in/out Gains/(losses)||forward| ||£|£ £||£ £||£| |Restricted funds||||||| |National Training Appeal|3,406||(3,406)|||| |John Burke Fund
Friends of Carronvale
Friends of Felden
8th Grimsby Funds
Overseas work|55,319
1,980
44,809
2,946|1,242
2,381
300
1,096|(5,929)
(2,187)
(2,152)
(445)||(2,560)
(1,397)|48,072
194
128
44,063
2,946| |Youth Scotland Generation||||||| |CashBack Phase 5|71,223|118,823|(128,408)|||61,638| |Events England Region
Youthlink NVYO Support
Church of Scotland - Guild|7,850
49,179|10,000|(676)
(11,913)|(10,000)||7,174
37,266| |Project
Friends ofFelden - Name a|21,719|1,095 (37,814)||15,000||| |Chair
John Scott Charitable Trust
London District Fund|3,830
9,482|30,624|(4,614)
(30,624)|||3,830
4,868| |Bolton University
Uniformed Youth Fund
Youth Investment Fund||35,500
66,615
122,669|(25,037)
(36,615)
(93,901)|(30,000)
(21,366)||10,463
7,402| ||271,743|390,345|(383,721)|(46,366)|(3,957)|228,044| |Total funds|4,656,594|3,005,945 (2,815,817)|||(119,063)|4,727,659| ## ## ## ||Brought||Transfers|Carried| |---|---|---|---|---| ||Forward
£|Income Expenditure
£ £|in/out Gains/(losses)
£ £|forward
£| |Designated funds||||| |Freehold Property Fund
Building Fund
Unite Christian Festival|3,567,189
2,609|54,236
(52,253)||3,567,189
4,592| |England
Carronvale Appeal
Children and Youthwork Fund
England Support
Minibus Fund
KGVI Fund
Scottish Development
Strategic Plan Fund
Kerr Charitable Tmst|14,420
1,007
109,216
26,909
3,348
2,737
414
31,732|2,950
4,138
5,000
1,587
5,000
(5,561)
(24,778)
(5,680)
(2,799)
(1,823)||11,809
1,007
84,438
25,367
549
2,737
5,414
31,496
5,000| ||3,759,581|72,911
(92,894)||3,739,598| |General funds||||| |General Fund
Pension reserve|676,008|1,751,399 (1,850,923)
19,000 (85,000)|32,600
66,000|609,084| ||676,008|1,770,399 (1,935,923)|98,600|609,084| |Total Unrestricted funds|4,435,589|1,843,310 (2,028,817)|98,600|4,348,682| ||Brought||Transfers Carried|| ||Forward
£|Income Expenditure
£ £|in/out Gains/(Iosses) forward
£ £ £|| |Endowment funds||||| |Cave Allan Legacy|37,939|936
(2,033)|(673)|36,169| ## ## ||Brought|||Transfers|Carried| |---|---|---|---|---|---| ||Forward£|Income Expenditure
£ £||in/out Gains/(losses)
£ £|forward£| |Restricted funds|||||| |National Training Appeal
John Burke Fund
Friends of Carronvale
Friends of Felden|3,914
54,519
626
1,955|1,010
738
25|(508)
(547)
(1,364)|337|3,406
55,319
1,980| |8th Grimsby Funds
Overseas work|43,772
2,946|922|(481)|596|44,809
2,946| |Roy Inglis Legacy
Cashback - Young People Take|4,619||(4,619)||| |the Lead
Youth Scotland Generation|19,583|2,999|(22,582)||| |CashBack Phase 4
Youth Scotland Generation|15,070|1,513|(16,583)||| |CashBack Phase 5
Events England Region
Youthlink NVYO Support
Church of Scotland - Guild|35,183
7,850
39,822|120,859
18,500|(84,819)
(9,143)||71,223
7,850
49,179| |Project|42,013|5,796|(26,090)||21,719| |Wales Development
Friends ofFelden - Name a|4,640|18,979|(23,619)||| |Chair
John Scott Charitable Trust
London District Fund|3,400
10,000|430
27,924|(518)
(27,924)||3,830
9,482| ||289,912|199,695|(218,797)|933|271,743| |Total funds|4,763,440|2,043,941 (2,249,647)||98,860|4,656,594| ## ## ## ||Brought||Transfers Carried|Transfers Carried|Transfers Carried| |---|---|---|---|---|---| ||Forward£|Income Expenditure
£ £|in/out Gains/(losses) forward
£ £ £||| |Designated funds
General funds|3,739,598
609,084|135,324
2,479,217
(260,142)
(2,170,888)|271,366
(225,000)|(112,453)|3,886,146
579,960| ||4,348,682|2,614,541 (2,431,030)|46,366|(112,453)|4,466,106| |Endowment funds
Restricted funds|36,169
271,743|1,059
390,345
(1,066)
(383,721)|(46,366)|(2,653)
(3,957)|33,509
228,044| ||4,656,594|3,005,945 (2,815,817)||(119,063)|4,727,659| ## ## ## ||Brought|||Transfers|Carried| |---|---|---|---|---|---| ||Forward
£|Income Expenditure
£ £||in/out Gains/(losses)
£ £|forward
£| |Designated funds
General funds|3,759,581
676,008|72,911
1,770,399|(92,894)
(1,935,923)|98,600|3,739,598
609,084| ||4,435,589|1,843,310 (2,028,817)||98,600|4,348,682| |Endowment funds
Restricted funds|37,939
289,912|936
199,695|(2,033)
(218,797)|(673)
933|36,169
271,743| ||4,763,440|2,043,941 (2,249,647)||98,860|4,656,594| |NANCIAL INSTRUMENTS|||||| |||||2023|2022| |||||£|£| |Financial assets|||||| |Financial assets that are measured at fair value||||815,565|897,730| |||||815,565|897,730| ## ## ## ||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---| ||funds|funds|funds|funds|funds| ||2023£|2023£|2023
£|2023£|2022
£| |Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Deferred income|3,567,188
1
699,766
981,994
(433,907)
(348,936)|82,290
145,754|33,509|3,567,188
1
815,565
1,127,748
(433,907)
(348,936)|3,567,188
29,083
897,730
789,375
(302,824)
(323,958)| ||4,466,106|228,044|33,509|4,727,659|4,656,594| ## ## ## ||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---| ||funds|funds|funds|funds|funds| ||2022|2022|2022|2022|2021| ||£|£|£|£|£| |Tangible fixed assets|3,567,188|||3,567,188|3,567,188| |Intangible fixed assets|29,083|||29,083|29,347| |Fixed asset investments|774,410|87,151|36,169|897,730|976,073| |Current assets|604,783|184,592||789,375|690,941| |Creditors due within one year|(302,824)|||(302,824)|(264,024)| |Deferred income|(323,958)|||(323,958)|(236,085)| ||4,348,682|271,743|36,169|4,656,594|4,763,440| ## |CONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
FROM OPERATING ACTIVITIES||| |---|---|---| ||2023|2022| ||£|£| |Net income/(expenditure) for the year (as per Statement of Financial Activities)|106,065|(172,846)| |Adjustment for:||| |Depreciation and amortisation charges|29,082|264| |Losses/(gains) on investments|84,063|(32,860)| |Dividends, interest and rents from investments|(23,679)|(21,696)| |Donations of investments|(11,000)|| |Investment management fees|9,548|11,939| |Adjustment in respect of defined benefit pension scheme|(35,000)|66,000| |(Increase)/decrease in stocks|(41,975)|21,681| |(Increase) in debtors|(108,863)|(80,217)| |Increase in creditors|156,061|126,673| |Net cash provided by/(used in) operating activities|164,302|(81,062)| |ALYSIS OF CASH AND CASH EQUIVALENTS||| ||2023|2022| ||£|£| |Cash at bank and in hand|590,475|402,940| ## ## ## ||2023£|2022
£| |---|---|---| |Opening defined benefit obligation|5,454,000|6,000,000| |Current service cost|14,000|16,000| |Scheme changes - GMP Equalisation||81,000| |Employee contributions|5,000|4,000| |Interest cost|144,000|112,000| |Actuarial gains|(1,267,000)|(503,000)| |Benefits paid|(294,000)|(256,000)| |Closing defined benefit obligation|4,056,000|5,454,000| |Changes in the fair value of scheme assets were as follows:||| ||2023|2022| ||£|£| |Opening fair value of scheme assets|5,454,000|6,000,000| |Interest on assets|181,000|131,000| |Actuarial losses|(1,302,000)|(437,000)| |Contributions by employer|12,000|12,000| |Employee contributions|5,000|4,000| |Benefits paid|(294,000)|(256,000)| ||4,056,000|5,454,000| |The amounts recognised in the Balance sheet are as follows:||| ||2023|2022| ||£|£| |Fair value of scheme assets|5,922,000|6,848,000| |Present value of funded obligations|(4,056,000)|(5,454,000)| |Surplus not recognised|(1,866,000)|(1,394,000)| ## ## ## ||2023|2022| |---|---|---| ||£|£| |Current service cost|(14,000)|(16,000)| |Scheme changes - GMP Equalisation||(81,000)| |Interest on obligation|(144,000)|(112,000)| |Interest on assets|181,000|131,000| ||23,000|(78,000)| |Return on scheme assets less interest liabilities|(830,000)|(34,000)| |Experience gains arising on scheme liabilities|278,000|76,000| |Impact of changes in actuarial assumptions on scheme liabilities|989,000|427,000| |Surplus not recognised|(472,000)|(403,000)| ||(35,000)|66,000| |The major categories of scheme assets as a percentage of total scheme assets are as follows:||| |---|---|---| ||2023
£|2022£| |Equities|61.0%|63.0%| |Bonds|29.0%|32.0%| |Cash|4.0%|4.0%| |Annuities|6.0%|1.0%| |Principal actuarial assumptions at the Balance sheet date (expressed as weighted averages):||| ||2023|2022| ||£|£| |Discount rate at 31 March|4.70%|2.70%| |Future salary increases|2.50%|2.50%| |Future pension increases|3.35%|4.15%| |Retail price inflation|3.35%|4.15%| ## ## ## ||2023|2022| |---|---|---| ||£|£| |Amounts payable:||| |Within one year|7,010|12,258| |Between 1 and 5 years|4,800|11,810| ||11,810|24,068| ##