| THE READ SCHOOL | DRAX | |||
|---|---|---|---|---|
| REPORT AND FINANCIAL | STATEItttENTS | |||
| YEAR ENDED 31 AUGUSI' 2023 | ||||
| CONTENTS | PAGES | |||
| Cttlicers and Protessional | rsavisers | 1-2 | ||
| Governors' Report |
3- 11 | |||
| rsuaitor's Report |
12- 19 |
|||
| Slalemenl of Financial |
rsciivihes | 15-16 | ||
| Balance Sheet | 17 | |||
| Cashflow Statement | 18 | |||
| Natel tO the Accounts |
19 - 32 |
| Unrestricted | Restricted | Endowed | ||||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | funds | 2D23 | ||
| INCOME FROi4I: | 6 | 5 | ||||
| Donations Incame tram charitable AcRvgles |
90.814 | 21.128 | 111,942 | |||
| School fees receivobie Gtner ancElary trading income 1nvestment income GrantS reCeivabie |
3.085.323 122.360 822 |
3,085.323 122,$6D |
||||
| 2,304 | ||||||
| Total Income | 3,299,319 | 23.434 | 3,322,753 | |||
| EXPENDITURE ON: | ||||||
| Charffable acRvtRes |
||||||
| School operating costs Costs at generating funds Schaol hnancing costs |
3410,990 11,726 |
$.410.'990 11,726 |
||||
| Total expenditure | 3.422,714 | 3,422,714 | ||||
| Net Income / (expenditure) | (123,397) | 28434 | (99,963) | |||
| Transfers between funds |
23 | 22 160 | (22 1601 | |||
| Other recognhed gains / [losses) |
||||||
| Gains / (losses) on Investmenrs Gains / (iossesf on revaluation |
at feed assets | (1.024) | (1,024) | |||
| NET MOVEMFNT IN FIINDS | (IDIQ37) | 250 | (100.987) | |||
| RECONCILIATION OF FUNDS |
||||||
| Fund balances ai I sepfernbev |
2022 | (1.869,228) | 3.379.162 | 1,509,934 | ||
| FUND UALANCES AT31AUGUST | 2023 | i7 | (1,970.465) | 250 | 3,379,'162 | 1,408.947 |
| THE READ SCHOOL | DRAX |
|---|---|
| STATEMENT Ot FINANCIAL | ACTIVmES |
| FOR THE YEAR ENDED 31 AUGUST 2022 |
| Unresldcted | Refit(cled | Endowed | ||||
|---|---|---|---|---|---|---|
| Nate~ | Funds | Funds | Funds | 2022 | ||
| (NCOME FROM: | 5 | 9, | 5 | 5 | ||
| Donations Income from Charitable AcEvitles |
69.313 | 55677 | 124,990 | |||
| School tees receivable Other ancillary trading income in vert ment income Grants recclvoble |
2,802.1/6 110789 3( |
25.000 | 2,802,176 I'ID,789 31 25.000 |
|||
| Total Income | 2,982,31N | 80,677 | 3,062,9$6 | |||
| EXPESIDITURE ON: | ||||||
| CharRable acllvlUes |
||||||
| School operoling coils Cosh ot generaRng funds |
3.029.914 | 13956 | 3,043.870 | |||
| School Snoncing costs | 7.267 | 7,247 | ||||
| Tota I erpen dRure | 3,037,'1$1 | 13,956 | 3,051,137 | |||
| Net Income / (expenditure) | (54.872) | 66,/21 | II,S49 | |||
| Transfers between funds |
23 | (28.002) | (92,444) | 120.446 | ||
| other recognised gains / (losses) |
||||||
| Gains / (losses) an lnvestmenls Gains! (losses( on revaluation |
of fixed assets | (287( | (287) | |||
| NET MOVEMENT IN FIINDS | ($2,$74) | (26.010) | 120,444 | II.S62 | ||
| RECONCILIATION OF FUNDS |
||||||
| t'und balances at I September | 2021 | (I:/86.354) | 26.010 | 3,258,716 | 1,49$,372 | |
| FUND SALANCiES AT$1 AUGUST | 2022 | 17 | (1,$69.228) | 3,379,162 | 1,50'9,9$4 |
| THE READ SCHOOL DRAX | THE READ SCHOOL DRAX | |||||
|---|---|---|---|---|---|---|
| BALANCE SHEET AS AT 31 AUO!IST2023 | ||||||
| 2023 | 2022 | |||||
| E | F. | |||||
| FIXED ASSETS | ||||||
| fongible fixed oaels Investmenls |
12 13 |
3.584.838 446 |
3.579.432 25753 |
|||
| 3.585384 | 3605 185 | |||||
| CLIRRENT ASSETS | ||||||
| Stocks | ||||||
| Oebtarl Bank and cash |
balarices | 14 | 10.943 805,845 182,973 |
16,873 804973 129368 |
||
| 999,7d1 | 951314 | |||||
| CREDITORSi'due | wlthm orle v*ar | 15 | I.d$7.079 | 1.353.382 | ||
| HEr CURRENT ASSETS)&UARHITISS) | (657.314) | I402.16Bl | ||||
| TOTAL ASSETS LESSCURRENT LIABILITIES | ||||||
| 2,927,9dd | 3.703017 | |||||
| cREDITDRS:due | after more than one year | 16 | (1,475,557) | )1,643.5231 | ||
| I'ROVISIOHS | ||||||
| Pend on scheme | de Rcl | 20 | (43,462) | f49.560) | ||
| TOTAL NEI ASSETS | ||||||
| I,IN8,947 | 1,509.934 | |||||
| Endowed fundi Reshl cted Iuiids unrestncrea funai |
17 17 i7 |
3,679.142 25D I1.970.46$) |
3.379.1a2 I I .869.2281 |
|||
| TOTAL FUNDS | ||||||
| 1,408,947 | I 509,934 |
| DN READ | DN READ | DN READ | SCHOOL 0RAR | SCHOOL 0RAR | SCHOOL 0RAR | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0ASHfLOW ETATEMBIT | ||||||||||||||||
| FOR THE TEAR | SiDED31 AU GIN T | 2023 | ||||||||||||||
| Hal» | 2023 | 2022 | ||||||||||||||
| 5 | ( | |||||||||||||||
| CA5H FLOW L FROM OPERATIHG ACWVIRN | ||||||||||||||||
| NTF CANI FROND' 91 / (USED Ifl) OPBIATIHO ACDVRIE1 | ||||||||||||||||
| 11)74 | ||||||||||||||||
| Csd»LOW5 IROM INVESTING ACtlvhIEE |
||||||||||||||||
| est»art come re ed pm r I rome»m sam r p eeo o laleoilo whmieedo ers proceeds an role or I tm t |
822 (51,224) 310 24 244 |
11 I298.632I I.WID |
||||||||||||||
| Hei | cash providarl by /(aced in)In ding |
odmh | (25.760) | Osr snli | ||||||||||||
| CARHFLOWS fROM RNANCING ACDCDIES |
||||||||||||||||
| Netmo erne llotna s |
||||||||||||||||
| Net | ma emaldloh ace leaseobligafc |
r | 702W4 0.45O |
f192631 71 790 |
||||||||||||
| Nef | shpwedby/(Used H)anat InpadidE» |
FSNSI | Woir | |||||||||||||
| CHANGE IN CA5H ntsD CASH EOUIVALENi5 | IH THE REI'DER | NG | I'~IROD | |||||||||||||
| (233380) | ||||||||||||||||
| RECOHCIUADOH Of IWT CASH FLOW TO MOVSMEHI |
Isr NET HIH05 | |||||||||||||||
| Co h and ccdr en alenh ot beg ng chorsg em cam and cmh eavlvalenh M |
of yea the eporing ceecd |
129,SSS NLNl5 |
36&IS f ZQ,950) |
|||||||||||||
| Cathe naca»en UCN I ~ I e delyec |
142.P73 | |||||||||||||||
| NOT | ES TO IHE CAip FlOW 5TATEMENT | |||||||||||||||
| Rec neNaHor dpdm me/f Nrendd |
)lone | smR | ham~ega | RIIRes | ||||||||||||
| Hd hrcosrr /( npe dE se) hen Ih dal ament al Rnanclal acflvWes) fn e lmens income I'raiso cbsx hctfaedaaelr Unedited lgaa)/loa on lived»a»Is |
epmfh»9 | permd fsa | per | (100.9S7) (422) (1St) |
13tl I I (001 |
II 562 | ||||||||||
| dr»noised (gon)/loa on n estments Decvac»ho ncharge flee e sel/aea erne n sloe» fins mef/dedeose n deblao lslcotcde/fdacrerne) I scree»lor! Iroea /idee m I p |
I.typl PR,MP 5,951 (072) 34572 (hmrl) |
207 54/51 134661 PI830) 10Prf7 331 |
||||||||||||||
| 1018'96 | ||||||||||||||||
| Net am prevlmm lsy /(~h )op»6m |
11,574 | |||||||||||||||
| t | Armfmh cfcssh ssnd ~ h novi»of hb |
|||||||||||||||
| C tall»onal ho d |
le2,974 | |||||||||||||||
| HI2,PFS | 129.3N | |||||||||||||||
| 6 IPH m ha 0 Innetd bf |
||||||||||||||||
| A 31.083022 |
Hee CasNR I |
Hnan es |
Olhm on- mh chanpes |
|||||||||||||
| Cash Iaan toNng d minn o yecv Loans foRing dva oRer mae lhon o e Finance lease 0050ohons |
yeor | I | I | 129368 (9.564) 655 9361 frrJ121 |
53.605 lm. 11st 18850 |
(27.IXD) | I | I 7 I 233) 170342 |
180,973 (249.152) (1.20S,594) (SS.742) |
|||||||
| I | I413 444) | 3040 | f27 OER | f091) | (1,450895) |
| 5c hoot tees receivable cans is toF: |
5c hoot tees receivable cans is toF: |
2023 | 2022 | |||
|---|---|---|---|---|---|---|
| 3 | 6 | |||||
| Grms fees Total bursarier |
ond other discounts | 3.732.123 (FBBHBT) |
3,387.230 (637.210) |
|||
| 2.773,662 | 2.690.020 | |||||
| ~A Estrmrecovsrable. esaminahon tee income |
registration | fees. | ||||
| depouts forfe:t | and medica! serwces | 111.861 | 112,156 | |||
| 3.0$3,323 | 2.802, 176 | |||||
| Ail school fees rn the | current ana previous veer related to unrestricted | lunds |
| THE READ SCHOOI, DRAR | THE READ SCHOOI, DRAR | THE READ SCHOOI, DRAR | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES10THE ACCOUNTS (conHnued) | |||||||||||
| FDR IHE TEAR ENDED | 31 AIIGUST | 2023 | |||||||||
| 4 | OTHER ANCILIARY | HIADING | INCOME | 2022 | |||||||
| UNRESTRICTED FUNDS | |||||||||||
| lra n\p on Other sundry |
inca | me | 82.081 40@F9 |
66.428 44.36i |
|||||||
| I22360 | 1 I0,789 | ||||||||||
| As other ancillary | trading income in Ine previous | year relates | lo uniestncted | funds | |||||||
| 5. | AUDITOR'8 REINUNERATION |
||||||||||
| 2023 | 2022 | ||||||||||
| 8 | |||||||||||
| Fees poyatile | ror Ihe aude ol the hnancial Itatemenh | I4,400 | 8.400 | ||||||||
| Feescoracle | to the chan ty's | auditor | ond itsassociates for oiher servicee | ||||||||
| Other non-audit services |
32,832 | ||||||||||
| DONATIONS | |||||||||||
| 2022 | |||||||||||
| UNRESTRiCTED | FUNDS | ||||||||||
| Road Schaoi Enterprises timited pare nh and mends Assoaoh on 8 Old Droxoriians Others |
Assocrahori | 90,826 | 43.366 60 23.687 |
||||||||
| 90.814 | 69313 | ||||||||||
| RESTRICTED FUNDS | |||||||||||
| Otheh | 21.128 | 6$.677 | |||||||||
| INVESTMENT IHCOIIE | |||||||||||
| 2023 | 2023 | 2022 | |||||||||
| UnresMcted | ResMcted | Total | |||||||||
| R | 8 | 8 | |||||||||
| Active Saver Account Interest | |||||||||||
| 31 | |||||||||||
| 31 |
| Toto)expendEure | |||||||
|---|---|---|---|---|---|---|---|
| Stall casts | Deprecla8on | Total | |||||
| (note 8) | (note I | 11 | 2025 | ||||
| f. | 5 | 5 | |||||
| Chadtable actlvules |
|||||||
| Touching costs Wcllore costs Premises Support ond governance |
costs | 1,787.861 | 72,569 | 90.117 262.970 344.1St 219.687 |
1,577,978 242,'tra 41d,72'I 853.313 |
||
| Total char8able expenditure |
2,421,517 | 72,569 | 915,904 | 5,410,910 | |||
| Costs at eenemtlng | funds | ||||||
| Finance and other | costs | I1,726 | 11,726 | ||||
| Toial coals ol generaEng | lands | 11.726 | 11.726 | ||||
| Total expended | 2,421817 | 72.Sdt | 92IR4$0 | $.472,716 | |||
| Stott co~ts | Depreciascn | Omar | Tatai | ||||
| enate 8) | 2022 | ||||||
| 7 | |||||||
| Chodtable activities |
|||||||
| Teaching co~ts wellare costs Premissn Support and governonce |
casts Inote 6bi | 1,630,12d 493.634 |
54,754 | 90 723 241 84'P 322.218 210.566 |
1,720.849 24l 84o 376,972 704,200 |
||
| Totol chcdtable expenditure |
2.123760 | 54.754 | 865,356 | 3,043,870 | |||
| Costs at DeneraEng | tunds | ||||||
| Finance and othei costs | 7.267 | 7.267 | |||||
| Total costs ot gene raX nb funds | 7.267 | 7,267 | |||||
| Total expended | 2.123.760 | 54.7S4 | 872.623 | 3.051.137 |
| Ot the total expenditure in lhe year Rrvll. |
Rrtil was restricted | l2022 | ' 513N56l and | Rnil related lo endowment | funds | f2022 r |
| Support costs include the foEowing: | 2022 6 |
|||||
| Fton-teaching ~upport salaries Advertiung and publioly Telephone 6internet pcntir g. coptrng. postage. stasonay Au drier'I remunerati ori |
ona newspapers | 28.879 12,148 $6,052 '14.400 |
335 29,037 8.720 20,199 8,400 |
| The aggregate payroll cost» for lhe year were as follows: |
||
|---|---|---|
| 2022 | ||
| 5 | ||
| Wage» ond solacer Social security costs Pension car hibutions |
'I,NI4,8dB 173,899 520,874 |
1.680.070 154.503 271',375 |
| 2,401,641 | 2,113,948 |
| Ihe School considers that | the key management personnel compnse |
the key management personnel compnse |
the Governors, | the Governors, | Ihe ncaa ond | the Buaer. | |
|---|---|---|---|---|---|---|---|
| Aggregate employee benefits at key mrrnagement |
perionnel | 104.29II 87 |
142 | ||||
| Ihe number ofemployees within bands at510.000 is |
whose 'otal empksyee as follows, |
benefifs excluding | pensron | conlribu'tiom earning |
over 960.000.claspfied | ||
| 560.001 io570,000 670.001 to 480.000 |
2025 I I |
2022 | |||||
| Pension contributions ielo |
ting to those staff earning | over 5600IM Iatafied 832 | d83 in | the current year | 12022.5131421 |
| 2023 | |||
|---|---|---|---|
| No. | |||
| leaching Domestic |
3 teachrng suppan | 50 T2 |
47 II |
| Grounds / Onvmg administrahon |
Io 10 |
8 Il |
|
| 77 |
| Freehold | Property | ||||
|---|---|---|---|---|---|
| Land & | Improve | Fvmiturs & |
Mater | ||
| Bufdlngs f |
menb | Equlpmellt 5 |
Vehicles f |
Total | |
| COST | |||||
| At I September 2022 Aadi tions ~sposois |
6.045 102 2.448 l 1,481 l |
119.162 13.867 |
637,278 29,51 I i360i |
104.742 32,axi |
6.904.284 78524 (1,841) |
| At3f August 2023 | 6.046.069 | 138029 | 666.429 | 137.142 | 6.982.649 |
| OEPRECIAIION | |||||
| At I September2022 Charge far year On disposah |
2.785.f02 (1.481i |
527.253 49,025 (108l |
14496 23.544 |
3,326.851 72.$69 (1.589) |
|
| Al 31 August 2023 | 2 783.621 | 576.170 | 38.040 | 3,397,831 | |
| NET BOOK VALUES | |||||
| At 31 August 2023 | 3,262.448 | 133.029 | 90259 | 99 102 | 3,584.$38 |
| At 31 Auguit 2022 | 3.260000 | 119,162 | 110025 | 90.246 | 3.579,453 |
| Tangible opsis held atvaluaf on | Tangible opsis held atvaluaf on | |||||
|---|---|---|---|---|---|---|
| In respect of tangible assets held at valuation, wcv(d f1avs been reca gnisad ifth8assets had |
fhe srggregate cost. depreciation ond comparable been carried under Ihs hipari calcost model are os |
conying follows:- |
amount that |
|||
| Freehold | ||||||
| Propsnyf | ||||||
| AISI Avfust2023 | ||||||
| Aggregate cmt Aggregate aeprecrohon |
455&802 (2,78S.102) |
|||||
| 1,767,700 | ||||||
| At 31 Avgvst 2022 | ||||||
| Aggregate cast Aggregate d spree iatian |
4.5S2.802 (2.785,102f |
|||||
| I 767 700 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| E | ||||||||||
| Chcritiei Official investmeni | Fund | |||||||||
| Charinco Comman Investment |
Funds | - Adept | 234 | 25,263 257 |
||||||
| - Taylor | 212 | 233 | ||||||||
| 444 | 25.753 | |||||||||
| Inveslments were no acq |
are stated ~I Ma*et value asifions storing fhe year and |
Tne cost of the investments os o!31 August disposol proceeds of625.263were received. |
2023 was 6500 12022 . 63,770) There | |||||||
| The fofiomng | motenal invmtrnents |
are over 5%by value ofIhe investme~t | hetdp | |||||||
| 202$ | 2022 | |||||||||
| Ntarhet | Market | |||||||||
| Vatic | Value | |||||||||
| E | ||||||||||
| Charixes Oflioal invmtment | Fund | 25,263 | ||||||||
| DESTORS | ||||||||||
| 202$ | 2022 | |||||||||
| E | ||||||||||
| Sctiaol Fees Other debtors Prepayments |
724,54$ 55,141 25.5$5 |
713,379 62 647 28,947 |
||||||||
| 505.545 | 804.9 73 | |||||||||
| AR debtors are due vxthin one year | ||||||||||
| CREDITORs: omounts fafEng due |
wEhln orle year | |||||||||
| 2022 | ||||||||||
| Feei invoiced m advance Trode creditors Social secunty ond other tares Pensions Sundry CreditarS and aCCruOR Hire purchme liabllties Loans |
995,775 i25,570 I55,42) 40,130 43,911 2$,549 249,912 |
923.192 205.686 101,466 30.102 ro546 16.826 9.544 |
||||||||
| 1.657,079 | 1,353,382 |
| THE READ SCHOOL DRAX | ||||||
|---|---|---|---|---|---|---|
| NoTES To THE ACCOVH13 (conEnued) | ||||||
| KHI THE YEAR ENDED 31 AVGV5T 2023 | ||||||
| 15. | CREDITORV amounh | latEng due wRhin one year (conRnued) | ||||
| Fees Invofcedin | advance reconciEaRon | |||||
| 202S | 2022 | |||||
| E | 5 | |||||
| Balance b~ought Amount rcleasea Amount deferrea |
Iorworct Io statement in year |
ot Financial Act vitios | 923 Ii92 (923,192) 995,778 |
517.38s I817.384) 923,192 |
||
| 996.7FS | 923 192 | |||||
| Id. | cREDITDRS:ainounls | loRlng due | altar one year | |||
| 2022 | ||||||
| 9 | ||||||
| Loons | ||||||
| ffire purchose liabilihes Orher long term creditors |
1.285.594 42,713 |
I 455934 40.484 |
||||
| I27ASO | 127.I0I | |||||
| IA75687 | I 443,523 |
| Sofance at 31.08.2022 8 |
Incoming Resources E |
Resources Expended |
Transfers | Gains (Loiue |
rf 1) 8 |
Salonce at 31.08.2022 E |
||
|---|---|---|---|---|---|---|---|---|
| Endovmd | Funds | |||||||
| Foundation | Caprtat | SAY'F.ld2 | 3.319,142 | |||||
| Restricted | Funds | |||||||
| Pnse Funds Giffs IReslrictedl |
23AS4 | 1,024 (23,184) |
(1.024) | |||||
| (22.140) | (1.024) | 250 | ||||||
| Vnrestrluted | Funds | |||||||
| General Reserve | (1.849,228) | 3.299,319 | (SA22.714) | 22.1dd | (1.970,445) | |||
| (1,849228) | 3299.319 | (3.422,714) | 22,1dO | (1.970,445) | ||||
| TolaI Firitcls' | 1.509.934 | 3.322.763 | (3.422.114) | (1,024) | IA08.947 |
| ANAL Ysfs | OFelovFAIENT | OF FUNDS (conRnue | dj | ||||
|---|---|---|---|---|---|---|---|
| Ra(ance at 31.0S2021 5 |
incoming Resources |
Resources Expended |
Iransten | Gaifit 7 (Lassesj |
Balance at 31.08.2022 |
||
| Endowed | Fvnds | ||||||
| Four dation Capital | 3.258.716 | 120.446 | 3.379,162 | ||||
| Restricted | Funds | ||||||
| Prize Funds | |||||||
| GiftS (Reslnctedl | 26,010 | eve77 | 113,9541 | 287 192,73l1 |
i287i | ||
| 26.010 | 80677 | (13.9561 | 192.444( | (2871 | |||
| uruestrfcted | Funds | ||||||
| General Reserve | (1.786,354( | 2.982.309 | (3037.181j | (28,002( | (1.86'9.2281 | ||
| f 1.786,354) | 2982309 | (3.037.181) | (28.002( | (1.869.2281 | |||
| TololFvnds | 1.498.372 | 3.062.986 | (3.051,137( | (287i | 1.509,934 |
| available tor the gsrieral puqsases sf Ihs |
schacs. |
an oter so |
urcm hat are |
|
|---|---|---|---|---|
| Endowed | Rettricled | llnreslriclsd | Tolaf | |
| 2028 | 2023 | 2023 | 2023 | |
| Tangible fired asiels In estrrients |
E 5,379,162 |
9. | 5 205,67il |
3.534,330 |
| Nel current assets Long tenn ltabilikes Provisions |
446 (657.563) (1.475.557) (43.463) |
(657.3'IS) (1.475.557) (43,462) |
||
| 3.379,142 | (I 970865) | IA05 947 | ||
| Endowed | Reslrictsd | Vnrsancted | Total | |
| 2022 | 2022 | 2022 | 2022 | |
| Irmtatedl | ||||
| Tangible hred assets In vs itm enh Net current mso tv I iliabilikeU Lorig term liobilikes PIavisions |
3.379.1*2 | 8 20027I} 25.753 1402, I65l I I 643.523l |
5 3,579.432 25.753 (402. I68} ii.643.523f |
|
| (49,560) | (49.560} | |||
| 3.379 162 | II,869,225) | I 509,934 |
| The lotal future | miriimum | lease payments | payable | urider hnarIce tsasei are as followss | ||
|---|---|---|---|---|---|---|
| 2033 | 2022 | |||||
| Nat later than I year Lares Ihon I year and rial |
later thon 5yean | 30.343 70.130 |
5 23 167 70,899 |
|||
| 'f00,473 | 94.066 |
| 19. | OPERATIHG LEASES |
|||||
|---|---|---|---|---|---|---|
| The total mrnimvm lease payments |
under non-cancedabte | aperahng | leases are as follows.- | |||
| 2022 | 2022 | |||||
| Not toter than I year Later than I year ond nof later than |
5years | 7,4ST 38.389 |
8813 | |||
| 8.813 |
| THE READ SCHOOL DRAX | THE READ SCHOOL DRAX | |||||||
|---|---|---|---|---|---|---|---|---|
| NOTES TO THE ACCOUNTS (cordlnusd) | ||||||||
| FOR THE YEAR ENDED 3'I AUP4USI | 2023 | |||||||
| 20. | PENSION SCHEMES DEFICIT(continued) | |||||||
| PR NT VA PR V N |
||||||||
| 2023 | 2022 | 2021 | ||||||
| Present eius ol provision |
43,462 | 49.560 | 6 49.229 |
|||||
| F N |
N | |||||||
| 2022 | ||||||||
| Pmvr son ot start ofper od unvxnding af ttte discount factor Delict contnbuhon paid Rsrneasvrements -impact ol any Remeasvremenh -amendments |
(interest expense( change i~ ossumptions la conlribuhon schedule |
49,540 2,809 (5.428) (2879( |
49.229 508 (5.3051 (8,227I 13.355 |
|||||
| PravislOn at Snd af period | 43,462 | 49.5fic | ||||||
| M NT FFINA |
||||||||
| 2023 | 202.2 | |||||||
| Interest expense Remsosvrsmsnh -impoct of any cnai gs in assumptions Remeasumments -amendmsnh to contribvlian schedule Con tnbvrions paid in respect of lvtvre service ' |
8 2.1XI9 (2.679) 288A14 |
5 508 (8.227i 13.355 253.385 |
||||||
| casts recognised in sle statemerir |
of finonorrl activities |
287,746 | 259.021 | |||||
| lnclvdes defined contdbuton schemes and lutvrs service contributiors (i.s.exclvrtlng to defined beneM schsntm which are treated as deHned contnbvhorls schemes. |
any delicit rsavcrmn | poymentst |
| 31 | 082023 | 31.08.2022 | 3108.2021 | ||
|---|---|---|---|---|---|
| Rate | o!discount | %per | annum 5.79 |
95 per annum 4.3I |
%per annum 1.09 |
| The loEowing schedule penors |
details the deficit carttribufions | agreed between | the company ord the scheme at each yeor encl |
|---|---|---|---|
| Tear 1 Year 2 Year3 Years Tsar 5 Year 6 Year 7 Year 8 Year 9 Year 10 |
31.082023 5,591 5.759 5.932 62110 6.293 6482 6.676 6,877 5.902 31.08.2022 5.428 5.591 5,759 5.932 6.110 6,293 6.482 6.676 6,877 5,902 31.08 2021 5.305 5.465 5.628 5.797 5,971 6.150 6.335 6.525 4,480 |