THr. Ki NCI'S SCHOOL
l. 14 L S'T F. K
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the 12 Month Period
st
st
from I September 2022 to 31 August 2023
Charity no. 525934
Dtscoverin
Ihe world
hR JUTrJlOR.
Igniting ¢ui'iosiry
KIN'lI.b
Sei7iiig opporfu1711}'
-Becomitig excepti.o.nal
SiXT*I.EI)AAI_,. .
Lvi.Rl' UPPORTUNITY. ENDLI.55 1:0551BILITIIS.

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|Governors'<br>Report||3 —23|
|---|---|---|
|Statement ofGovernors'|Responsibilities|24-25|
|Auditor's<br>Report||26-29|
|Consolidated<br>Statement|of Financial|30-31|
|Activities|||
|Consolidated<br>Balance Sheet||32 —33|
|Charity Balance Sheet||34-35|
|Consolidated<br>Statement|ofCash flows|36|
|Notes to the Financial Statements||37—66|





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|Advisers:||||
|---|---|---|---|
|Bankers|Handelsbanken|||
||2Albion House, Albion Street|||
||Chester CH11RQ|||
|Insurance|Hettle Andrews|||
||2 Brunswick|Square||
||Birmingham|||
||B12LP|||
|Lawyers|Weightmans|||
||100Old Hall|Street||
||Liverpool,<br>L3 9QI|||
||Ellis Whittam||Knights 1759|
||Woodhouse||The Brampton|
||Aldford||Newcastle-Under-Lyme|
||Chester||Staffordshire|
||CH3 6JD||STS OQW|
|Investment|Investec Wealth 5 Investment|||
|Advisers|100Old Hall|Street||
||Liverpool<br>L3|9AB||
|Auditors|W R Partners|||
||Belmont House|||
||Shrewsbury|Business Park||
||Shrewsbury|||
||Shropshire|||
||SY2 6LG|||
|Architects|Scott Architecture|||
||68 High Street|||
||Tarporley|||
||Cheshire|||
||CW6 OAT|||





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||1year|5-year YTD|
|---|---|---|
|The King's School Bursary Trust Fund Performance|0.43%|15.8590|
|The Lester Smith Bursary Fund Performance|5.53%|10.93%|
|The King's School Prize Fund Performance|0.44%|9.63%|
|FTSE All Share Index|523%|18.39%|
|FTGovernment<br>All Stocks Index|-9 46%|-18.76%|
|Bespoke Benchmark|1.73%|18.04%|



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|||F|OR THE Y|EAR E|NDED 31AUGUST|2023|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|Total|
||||Endowment|funds|Restricted funds|funds|funds|funds|
|||||2023|2023|2D23|2023|2022|
|||Note||EDDD|EDDD|EDDD|EDDD|EOOD|
|Income and endowments|||||||||
|from:|||||||||
|Donations<br>and legacies||||||233|497|337|
|Charitable<br>activities||||||15,321|15,321|14,170|
|Other trading<br>activities||||||149|149|135|
|Investments||||||102|192|175|
|Other income|||||234|(21)|213|89|
|Total Income and|||||||||
|endowments|||||588|15754|15172|14906|
|Expenditure<br>on:|||||||||
|Raising funds||10,11|||22|87|108|128|
|Charitable<br>activities||12||||14,433|14,613|13,699|
|Total expenditure|||||202|14525|14722|13827|
|Net income before net|||||||||
|losses on investments|||||386||1,650|1,079|
|Net losses on investments|||||(52)||(52)|(352)|
|Net movement<br>in funds|||||||||
|before other remgnised|||||||||
|gains/(losses)||||||1,264|1,598|727|
|Other remgnlsetl|||||||||
|gains/(losses):|||||||||
|Actuanal<br>(losses)/ga5ns|on||||||||
|defined benefit pension|||||||||
|schemes||28||||(31)|(31)|326|
|Net movement<br>in funds|||||||||





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|||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Endowment|funds|Restdcted funds|funds|funds|funds|
|||||||2023|2023|2023|2023|2022|
|||||Note||6000|3000|3000|BIO|EOOO|
|Reconciliation||offunds:|||||||||
|Total funds hroughtforward<br>Ilgwu||||22||221|3,707|17,772|21,700|20,647|
|Net <br>s|movement|in funds<br>su I|4||~~|||1,233<br>1%as~||~Q|





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||||AS AT|31AUGUST|2023||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
|||||Note||6000||EOOD|
|Fixed assets|||||||||
|Tangible assets||||16||19,640||16,538|
|Investments||||17||3,624||3,403|
|||||||23,264||19,941|
|Current assets|||||||||
|Stocks||||18|14||10||
|Debtors||||19|5,400||4,724||
|Cash at bank and|in|hand||25|3,597||5,422||
||||||9,011||10,156||
|Creditors: amounts||falling due within one year||20|(9,645)||(8,590)||
|Net current liabilities/assets||||||(634)||1,566|
|Total assets less|current||liabilities|||22,630||21,507|
|Creditors: amounts||falling due after more than|||||||
|one year||||21||(587)||(1,014)|
|Net assets excluding||pension asset||||22,043||20,493|
|Defined benefit|pension||scheme asset|28||1,224||1,207|
|Total net assets|||||||||





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||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Note||6000||6000|
|Charity funds||||||||||
|Endowment|funds||||22||221||221|
|Restricted funds|||||22||4,041||3,707|
|Unrestricted|funds|||||||||
|Unrestricted|funds|excluding|pension|liability|22|17,781||16,565||
|Pension reserve|||||22|1,224||1,207||
|Totalunrestricted||funds|||22||19,005||17,772|
|Totalfunds|||||||||22 222|



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||||AS AT|31AUGUST|2023||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
|||||Note||6000||6000|
|Fixed assets|||||||||
|Tangible assets||||16||19,640||16,538|
|Investments||||17||3,674||3,453|
|||||||23,314||19,991|
|Current assets|||||||||
|Stocks||||18|14||10||
|Debtors||||19|5,377||4,741||
|Cash at bank and|in|hand|||3,407||57240||
||||||8,798||9,991||
|Creditors: amounts||falling due within one year||20|(9,574)||(8,554)||
|Net current liabilities / assets||||||(776)||1,437|
|Total assets less|current||liabglties|||22,538||21,428|
|Creditors: amounts||falling due after more than|||||||
|one year||||21||(587)||(1,014)|
|Net assets excluding||pension asset||||21,951||20,414|
|Defined benefit|pension||scheme asset|28||1,224||1,207|
|Total net assets||||||~37|||





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|THE|KING'S SCHOOL|
|---|---|
||C H<br>E ST E X|



|||||AS AT|31AUGUST|2023||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2023||2022|
||||||Note||E000||6000|
|Charity funds||||||||||
|Endowment|funds||||22||221||221|
|Restricted funds|||||22||4,041||3,707|
|Unrestricted|funds|||||||||
|Unrestricted|funds|excluding|pension|liability|22|17,689||16,485||
|Pension reserve|||||22|1,224||1,207||
|Total unrestricted||funds|||22||18,913||17,693|
|Totalfunds||||||||||



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|Annual<br>Report and Financial Statements<br>|Annual<br>Report and Financial Statements<br>|Annual<br>Report and Financial Statements<br>|Annual<br>Report and Financial Statements<br>|Annual<br>Report and Financial Statements<br>|||
|---|---|---|---|---|---|---|
|For the 12Month Period<br>from 1"September 2022 to31"August 2023|||||THE KING'S SCHOOL<br>CHESTED||
||CONSOLIDATED STATEMENT OF CASH FLOWS||||||
||FOR THE YEAR ENDED 31AUGUST 2023||||||
||||||2023|2022|
|||||Note|6000|6000|
|Cash flows from operating|activities||||||
|Net cash used in operating|activities|||24|2,851|2,143|
|Cash flows from investing|activities||||||
|Dividends,<br>interests<br>and rents from investments|||||193|174|
|Purchase of tangible fixed|assets||||(4,136)|(1,199)|
|Proceeds from sale of investments||||||357|
|Purchase of investments|||||(715)|(410)|
|Net cash used in investing|activities||||(4,213)|(1,078)|
|Cash flows from financing|activities||||||
|Repayments<br>of borrowing|||||(463)|(480)|
|Repayments<br>offinance leases||||||(21)|
|Net cash used in financing|activities||||(463)|(491)|
|Change<br>in cash and cash equivalents||in the|year||(1,825)|574|
|Cash and cash equivalents<br>Cash and cash equivalents|at the beginning<br>ofthe year<br>at the end ofthe year|||5,422<br>4,848<br>se~~422|||
|The notes on pages 37to|66form part ofthese fina ncial statements.||||||





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||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
||||||f000|f000|f000|fOOO|
||Donations<br>Total 2023||||264<br>255|233<br>497<br>338<br>233~7~|||
||Total 2022||||||||
|S.|Income from charitable||activities||||||
|||||||unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||f000|f000|f000|
||School fees|||||15,166|15,166||
||Other educationa|I income||||128|128|B2|
||Other ancillary income|||||27|27|39|
||Total 2023|||||15321|~5322|14175|
||Total 2022|||||~52j0~1417|||
|6.|School fees||||||||
||||||||2023|2022|
||||||||f000|fOOO|
||Gross fees receivable||||||16,259|15,151|
||Less: scholarships,|bursaries||and other discounts|||(1,093)|(1,102)|
||||||||~25|~24<br>3|





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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
||||f000|f000|fOOO|
|King's|Space|income|149|149||
|Total|2023|||||
|Totol|2022|||||



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||Restt icted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023|2023|2023|2022|
||f000|f000|f000|fOOO|
|Dividends|||||
|Bank interest|87|102|189|171|
|Total 2023|||||
|Total 2022|||||





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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023|2023|2023|2022|
||f000|f000|f000|fOOO|
|Capital income|234||234||
|Other income||(21)|(21)|89|
|Total 2023|234~21||||
|Total 2022|||||



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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
|||||f000|f000|f000|
|Fundraising|for voluntary|resources|—Staff costs|26|26|57|
|Costs ofraising voluntary||income -|Nl||||
|Costs of raising voluntary<br>Total 2023||income -|pension costs|33~||67|
|Total 2022|||||||





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
|||||f000|f000|f000|
|King's|Space|Limited|expenditure|58|58|55|
|Total|2023||||||
|Total|2022||||||



||||Restricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
||||f000|f000|f000|
|Investment|management|fees|21|21||
|Total 2023|||21~||2|
|Total 2022||||||





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||Activities|||
|---|---|---|---|
||undertaken|Total|Total|
||directly|funds|funds|
||2023|2023|2022|
||f000|f000|6000|
|Teaching|8,222|8,222|7,706|
|Teaching Support|1,011|1,011||
|Welfare|77|77|75|
|Premises|2,409|2,409|24305|
|Support|2,894|2,894|2,665|
|Total 2023|~14|~14|~39.|
|Total 2022||11 44 t||





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|||||Teaching|||
|---|---|---|---|---|---|---|
||||Teaching|Support|Welfare|Premises|
||||2023|2023|2023|2023|
||||f000|f000|f000|f000|
|Staff costs|||7,316|899|72||
|Depreciation||||||819|
|Other Staff|Costs||143||||
|Teaching Aids|||323||||
|Other Educational||Expenditure|390|112|||
|Catering|||||||
|Utilities||||||262|
|Premises Maintenance||||||764|
|IT 8 Communications|||||||
|Welfare|||||||
|Banking & Finance|||||||
|Professional|Expenditure||||||
|Total 2023<br>Total 2022|||0222<br>1011<br>77<br>0~4~|||2400<br>~005|





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||Analysis o|fdirect|cost|s (conti|nued|)||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Total||Total|
|||||||||||||Support|funds||funds|
|||||||||||||2023|2023||2022|
|||||||||||||6000|6000||6000|
||Staffcosts|||||||||||995|9,846||9,322|
||Depreciation|||||||||||167|1,034||931|
||Other Staff|Costs|||||||||||143||98|
||Teaching Aids||||||||||||||290|
||Other Educational||Expenditure||||||||||502||428|
||Catering||||||||||||||871|
||Utilities||||||||||||262||262|
||Premises Maintenance||||||||||||764||778|
||iT gc Communications|||||||||||266|266||242|
||Welfare|||||||||||||||
||Banking<br>gc Finance|||||||||||101|101|||
||Professional|Expenditure||||||||||421|421||398|
||Total 2023<br>Total 2022|||||||||||~294 <br>~6|~dau<br> ~fy|~1||
|13,|Auditors'<br>remuneration|||||||||||||||
||||||||||||||2023||2022|
||||||||||||||EOOO||6000|
||1<br>pyhl|h|Ch|lly'|dl|1|h|dl|fh|Ch|ly'|||||





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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||6000|EOOD|f000|6000|
|Wages and salaries|||7,810|7,344|7,810|7,344|
|Social security costs|||796|763|796|763|
|Contribution|to defined contribution|pension|||||
|schemes|||1,293|1,288|1,293|2,288|



|||Group|Group|
|---|---|---|---|
|||2023|2022|
|Employees||No.<br>~33|Na.<br>236|
|The number ofemployees<br>whose employee|benefits (excluding employer|pension costs) exceeded f60,000|was:|
|||Group|Group|
|||2023|2022|
|||No.|No.|
|In the band f60,001 - 870,000||15||
|In the band f70001-680000||||
|In the band 680,001 - E90,000||||
|In the band f90,001-f100,000||||
|In the band f100,001-6110,000||||
|In the band 8160,001 —6170,000||||





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|Group and Charity|||||||
|---|---|---|---|---|---|---|
||||Long-term||||
|||Freehold|leasehold|Assets under|Fixtures and||
|||property<br>f000|property<br>f000|construction<br>f000|fittings<br>f000|Total<br>f000|
|Cost or valuation|||||||
|At 1September 2022||18|18,931||8,709|28,258|
|Additions|||1,823||2,312|4,135|
|Disposals|||(8)||(4,327)|(4,335)|
|Transfers<br>between|classes||600|(600)|||
|At 31August 2023||18|21,346||6,694|28,058|
|Depreciation|||||||
|At 1September<br>2022|||5,139||6,572|11,719|
|Charge for the year|||||574|1,034|
|On disposals|||||(4,327)|(4,335)|
|At 31August 2023||10|5,589||2,819|8,418|
|Net book value<br>At 31August 2023<br>At 32August Z022||8|15757<br>~825.~9jiK<br>73 737~~37<br>76338||||





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||Listed|
|---|---|
||investments|
|Group|EOOO|
|Cost orvaluation||
|At 1Septernber 2022|3,404|
|Additions||
|Disposals|(445)|
|Revaluations|(49)|
|At 31August 2023||
|Net book value||
|At 31August 2023|3,624|
|At31August 2022||






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|Fixed asset i|nvestments<br>(conti|nued)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Investments||in||||
||||||subsidiary||||Listed||
|Charity|||||companies<br>f000|||investments<br>f000||Total<br>6000|
|Cost orvaluation|||||||||||
|At 1September 2022|||||||50||3,404|3,454|
|Additions||||||||||715|
|Disposals|||||||||(445)|(445)|
|Revaluations|||||||||(49)|(49)|
|At 31August|2023||||||||||
|Net book value|||||||||||
|At 31August|2023||||||50||3,624|3,674|
|At 31August|2022||||||||||
|Principal subsidiaries|||||||||||
|The following|was a subsidiary|undertaking||ofthe Charity:|||||||
|Name|||||Company|||Holding|Included|in|
||||||number||||consolidation||
|King's Space|Limited||||11067044|||100%|Yes||
|The financial|results ofthe subsidiary||for|the year were:|||||||
|Name||||Income<br>f000|Expenditure<br>f000|||Profit/(Loss)/<br>Surplus/||Net assets<br>f000|
|||||||||(Deficit) for|||
|||||||||the|year||
|||||||||f000|||
|King's Space Limited||||149||(57)|||92|142|





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|Group|Group|Charity|Charity|
|---|---|---|---|
|2023|2022|2023|2022|
|f000|EOOO|EOOD|EOOO|



||Catering|stock|
|---|---|---|
|19.|Debtors||



|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||f000|EOOO|f000|EOOO|
|Due within one year||||||
|Trade debtors||4,664|4,290|4,662|4,269|
|Other debtors||327|116|326||
|Prepayments|and accrued income||318|389|318|





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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||f000|fOOO|f000|fOOO|
|Bankloans|||462|498|462||
|Deposits received|in advance||583|565|583|565|
|Trade creditors|||770|369|770|369|
|Other taxation and|social security||202|179|197|179|
|Other creditors|||429|422|428||
|Accruals and deferred||income|7,199|6,557|7,134|6,519|



|||||Group|Group|
|---|---|---|---|---|---|
|||||2023|2022|
|||||f000|6000|
|Deferred|income at|1September|2022|6,205|5,765|
|Resources|deferred|during the year||6,623|6,205|
|Amounts|released from previous||periods|(6,205)|(5,765j|





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|Group|Group|Charity|Charity|
|---|---|---|---|
|2023|2022|2023|2022|
|f000|EOOD|BIO|COOO|





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|||Balance at 1||||||
|---|---|---|---|---|---|---|---|
|||September|||Transfers|Gains/|Balance at31|
|||2022|Income|Expenditure|in/out|(Losses)|August 2023|
|||f000|EOOD|f000|EOOD|f000|EOOD|
|Unrestricted<br>funds||||||||
|Unrestricted||16,485|15,635|(14,511)|||17,689|
|Funds||||||||
|King's Space||||(58)|(80)||92|
|Pension<br>reserve||1,207||||(31)|1,224|
|||17,772|15,785|(14,521)||(31)|19,005|
|Endowment<br>funds||||||||
|Prize and||||||||
|Exhibition|Capital|113|||||113|
|Fund||||||||
|Lester Smith||||||||
|Capital<br>Fund||108||||||
|||221|||||221|
|Restricted|funds|||||||
|Prize and||||||||
|Exhibition|Income|||||||
|Fund||12||(7)||||
|Donations|Fund|255|284|(64)|||475|
|The King's|School|||||||
|Bursary Trust||||||||
|Fund||3,266|296|(129)||(48)|3,385|
|Lester Smith||174|7|(1)||(5)|175|
|Income Fund||||||||
|||3,707|587|(201)||(52)|4,041|
|76<br>I II|6|~3Z66|~637|jIsu33||||





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|||Balance at|||||Balance at|
|---|---|---|---|---|---|---|---|
|||1September|||Transfers|Gains/|31August|
|||2021|Income|Expenditure|in/out|(Losses)|2022|
|||EOOD|EOOD|EOOD|EOOD|EOOD|EOOD|
|Unrestricted<br>funds||||||||
|Unrestricted||15,478|14,724|(13,637)|||16565|
|Funds||||||||
|Pension<br>reserve||868||13||326|1,207|
|||16,346|14,724|(13,624)||326|17,772|
|Endowment<br>funds||||||||
|Prize and||||||||
|Exhibition|Capital|130|||(17)||113|
|Fund||||||||
|Lester Smith||||||||
|Capital Fund||108|||||108|
|||238|||(17)||221|
|Restricted|funds|||||||
|Prize and||||||||
|Exhibition|Income|||||||
|Fund||||(17)|17|||
|Donations|Fund|266||(35)|||255|
|The King's|School|||||||
|Bursary Trust||||||||
|Fund||3,599|149|(149)||(333)|3,266|
|Laster Smith||||||||
|Income Fund||189||(2)||(19)|174|
|||4,063|182|(203)|17|(352)|3,707|
|r t lvf|d|dddd7|~ddd|~27||||





## 

## 

## 

||||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2023|
||||EOOD|f000|f000|f000|
|Tangible|fixed assets||||19,640|19,640|
|Fixed asset investments|||221|3,403||3,624|
|Current|assets|||638|8,372|9,010|
|Creditors||due within one year|||(9,645)|(9,645)|
|Creditors||due in more than one year|||(587)|(587)|
|Provisions||for liabilities and charges|||1,224|1,224|
|Total|||||||



|||||Group|Group|
|---|---|---|---|---|---|
|||||2023|2022|
|||||f000|EOOD|
|Net income for the|year (as per|Statement|of Financial Activities)|1,599|727|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||1,034|931|
|Gains on investments||||48|331|
|Dividends,<br>interests|and rents from investments|||(193)|(174)|
|Decrease/(increase)|in stocks|||(4)||
|Increase<br>in debtors||||(676)|(398)|
|Increase<br>in creditors||||1,091|735|
|Defined benefit pension scheme adjustment<br>Net cash provided<br>by operating<br>activities||||(48)<br>~8|(13)<br>2143|





## 

||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||f000|f000|
||Cash in hand||3,597|5,422|
||Total cash and cash|equivalents|~x'l7|~42Z|
|26.|Analysis ofchanges|In net debt|||



|||||At 1|||
|---|---|---|---|---|---|---|
|||||September||At 31August|
|||||2022|Cash flows|2023|
||||||f000|f000|
|||||f000|||
||Cash at bank and in hand|||5,422|(1,825)|3,597|
||Debt due|within 1year||(498)|36|(462)|
||Debt due|after 1year||(1,014)|427|(587)|
|||||~|~~as|~5@I|
|27.|Capital commitments||||||
||||||Group|Group|
||||||2023|2022|
||||||f000|EOOD|
||Contracted|for but not provided|in these financial statements||||
||Acquisition|oftangible fixed assets|||||





## 

## 

## 

## 



# 

## 

## 

||At 31August|At31August|
|---|---|---|
||2023|2022|
||%i||
|Discount rate|5.25|4.25|
|Future salary increases|3.75|4.05|
|Future pension increases|||





## 

||||At 31August|At 31August|
|---|---|---|---|---|
||||2023|2022|
||||Years|Years|
|Mortality|rates Iin years)||||
|-for a male aged 65 now|||20.9|21.2|
|—at 65for|a|male aged 45 now|21.5|22.1|
|-for a female||aged 65 now|24.5|23.8|
|—at 65for|a|female aged 45 now|||



||At 31August|At 31August|
|---|---|---|
||2023|2022|
||6000|EOOO|
|Equities|1,447||
|Bonds|1,413||
|Property|551|542|
|Cash and other liquid assets|35|181|



|The amounts<br>recognised|m the Consolidated|Statement of Financial<br>Activities are as f|ollows:||
|---|---|---|---|---|
||||2023|2022|
||||6000|E000|
|Current service cost|||19|25|
|Net interest costs|||(51)|(13)|
|Total amount recognised|in the Consolidated|Statement of Financial Activities||12|





## 

## 

## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||f000|f000|
|Opening|defined||benefit obligation|2,404|3,188|
|Actua ria|I losses|||(184)|(723]|
|Current|service costs|||19|25|
|Interest|cost|||||
|Contributions||by|members|||
|Benefits|paid|||(124)|(141)|
|Closing defined||benefit obligation||||



|Movements|in the fair value ofthe School's share ofscheme assets were as follows:|||
|---|---|---|---|
|||2023|2022|
|||f000|6000|
|Opening fair|value ofscheme assets|3,611|4,056|
|Actuarial<br>losses||(215)|(397)|
|Contributions|by employer|16|25|
|Contributions|by members|||
|Interest cost||151|62|
|Benefits paid||(124)|(141J|
|Closing fair value ofscheme assets||||





# 

## 

## 

## 

||Group|Group|
|---|---|---|
||2023|2022|
||EOOD|f000|
|Not later than 1year|27|27|
|Later than 1year and not later than 5years|62<br>~8|108<br>~13|



##