|||THE READ SCHOOL|DRAX||
|---|---|---|---|---|
|||REPORT AND FINANCIAL|STATEItttENTS||
|||YEAR ENDED 31 AUGUSI' 2023|||
|CONTENTS||||PAGES|
|Cttlicers and Protessional||rsavisers||1-2|
|Governors'<br>Report||||3- 11|
|rsuaitor's<br>Report||||12-<br>19|
|Slalemenl<br>of Financial|rsciivihes|||15-16|
|Balance Sheet||||17|
|Cashflow Statement||||18|
|Natel<br>tO the Accounts||||19 - 32|






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||||Unrestricted|Restricted|Endowed||
|---|---|---|---|---|---|---|
|||Notes|Funds|Funds|funds|2D23|
|INCOME FROi4I:|||6|||5|
|Donations<br>Incame tram charitable<br>AcRvgles|||90.814|21.128||111,942|
|School fees receivobie<br>Gtner ancElary trading<br>income<br>1nvestment<br>income<br>GrantS reCeivabie|||3.085.323<br>122.360<br>822|||3,085.323<br>122,$6D|
|||||||2,304|
|Total Income|||3,299,319|23.434||3,322,753|
|EXPENDITURE ON:|||||||
|Charffable<br>acRvtRes|||||||
|School operating<br>costs<br>Costs at generating<br>funds<br>Schaol hnancing<br>costs|||3410,990<br>11,726|||$.410.'990<br>11,726|
|Total expenditure|||3.422,714|||3,422,714|
|Net Income / (expenditure)|||(123,397)|28434||(99,963)|
|Transfers between<br>funds||23|22 160|(22 1601|||
|Other recognhed<br>gains / [losses)|||||||
|Gains / (losses) on Investmenrs<br>Gains<br>/ (iossesf on revaluation|at feed assets|||(1.024)||(1,024)|
|NET MOVEMFNT IN FIINDS|||(IDIQ37)|250||(100.987)|
|RECONCILIATION<br>OF FUNDS|||||||
|Fund balances ai<br>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<br>Income from Charitable<br>AcEvitles|||69.313|55677||124,990|
|School tees receivable<br>Other ancillary trading<br>income<br>in vert ment income<br>Grants<br>recclvoble|||2,802.1/6<br>110789<br>3(|25.000||2,802,176<br>I'ID,789<br>31<br>25.000|
|Total Income|||2,982,31N|80,677||3,062,9$6|
|EXPESIDITURE ON:|||||||
|CharRable<br>acllvlUes|||||||
|School operoling coils<br>Cosh ot generaRng<br>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<br>funds||23|(28.002)|(92,444)|120.446||
|other recognised<br>gains / (losses)|||||||
|Gains<br>/ (losses) an lnvestmenls<br>Gains! (losses( on revaluation|of fixed assets|||(287(||(287)|
|NET MOVEMENT IN FIINDS|||($2,$74)|(26.010)|120,444|II.S62|
|RECONCILIATION<br>OF FUNDS|||||||
|t'und balances at I September|2021||(I:/86.354)|26.010|3,258,716|1,49$,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<br>fixed oaels<br>Investmenls||12<br>13||3.584.838<br>446||3.579.432<br>25753|
|||||3.585384||3605 185|
|CLIRRENT ASSETS|||||||
|Stocks|||||||
|Oebtarl<br>Bank and cash|balarices|14|10.943<br>805,845<br>182,973||16,873<br>804973<br>129368||
||||999,7d1||951314||
|CREDITORSi'due|wlthm orle v*ar|15|I.d$7.079||1.353.382||
|HEr CURRENT ASSETS)&UARHITISS)||||(657.314)||I402.16Bl|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||||
|||||2,927,9dd||3.703017|
|cREDITDRS:due|after more than one year|16||(1,475,557)||)1,643.5231|
|I'ROVISIOHS|||||||
|Pend on scheme|de Rcl|20||(43,462)||f49.560)|
|TOTAL NEI ASSETS|||||||
|||||I,IN8,947||1,509.934|
|Endowed<br>fundi<br>Reshl cted Iuiids<br>unrestncrea<br>funai||17<br>17<br>i7||3,679.142<br>25D<br>I1.970.46$)||3.379.1a2<br>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<br>IROM INVESTING ACtlvhIEE|||||||||||||||||
|est»art<br>come re<br>ed<br>pm<br>r<br>I<br>rome»m sam<br>r<br>p<br>eeo o laleoilo<br>whmieedo<br>ers<br>proceeds an role or I<br>tm<br>t||||||||||||822<br>(51,224)<br>310<br>24 244|||11<br>I298.632I<br>I.WID||
|Hei|cash providarl<br>by<br>/(aced in)In<br>ding||odmh||||||||||(25.760)|||Osr snli|
|CARHFLOWS<br>fROM RNANCING<br>ACDCDIES|||||||||||||||||
|Netmo<br>erne<br>llotna<br>s|||||||||||||||||
|Net|ma emaldloh<br>ace leaseobligafc||r|||||||||702W4<br>0.45O|||f192631<br>71 790||
|Nef|shpwedby/(Used<br>H)anat<br>InpadidE»||||||||||||FSNSI|||Woir|
|CHANGE IN CA5H ntsD CASH EOUIVALENi5|||IH THE REI'DER|||NG|I'~IROD||||||||||
|||||||||||||||||(233380)|
|RECOHCIUADOH<br>Of IWT CASH FLOW TO MOVSMEHI|||||Isr NET HIH05||||||||||||
|Co h and ccdr en<br>alenh ot beg<br>ng <br>chorsg<br>em cam and cmh eavlvalenh<br>M||of yea<br> the eporing ceecd|||||||||||129,SSS<br>NLNl5|||36&IS<br>f ZQ,950)|
|Cathe naca»en<br>UCN<br>I ~ I e delyec|||||||||||||142.P73||||
|NOT|ES TO IHE CAip FlOW 5TATEMENT||||||||||||||||
||Rec<br>neNaHor dpdm<br>me/f<br>Nrendd|||)lone||smR||ham~ega||||RIIRes|||||
||Hd hrcosrr<br>/( npe<br>dE se) hen<br>Ih<br>dal ament al Rnanclal<br>acflvWes)<br>fn e lmens income<br>I'raiso<br>cbsx<br>hctfaedaaelr<br>Unedited<br>lgaa)/loa<br>on lived»a»Is|epmfh»9||permd fsa|||per|||||(100.9S7)<br>(422)<br>(1St)|||13tl<br>I I (001|II 562|
||dr»noised<br>(gon)/loa<br>on n estments<br>Decvac»ho ncharge<br>flee e sel/aea erne n sloe»<br>fins<br>mef/dedeose<br>n deblao<br>lslcotcde/fdacrerne)<br>I scree»lor!<br>Iroea<br>/idee m<br>I<br>p|||||||||||I.typl<br>PR,MP<br>5,951<br>(072)<br>34572<br>(hmrl)|||207<br>54/51<br>134661<br>PI830)<br>10Prf7<br>331||
||||||||||||||1018'96||||
||Net<br>am prevlmm<br>lsy /(~h )op»6m|||||||||||||||11,574|
|t|Armfmh cfcssh ssnd ~<br>h novi»of<br>hb||||||||||||||||
||C tall»onal<br>ho d||||||||||||le2,974||||
||||||||||||||HI2,PFS|||129.3N|
||6<br>IPH m<br>ha 0<br>Innetd<br>bf||||||||||||||||
|||||||||A<br>31.083022|||Hee <br>CasNR<br>I||Hnan<br>es|Olhm<br>on-<br>mh chanpes|||
||Cash<br>Iaan<br>toNng d<br>minn o<br>yecv<br>Loans foRing dva oRer mae lhon o e <br>Finance lease 0050ohons||yeor|||||I|I|129368<br>(9.564)<br> 655 9361<br>frrJ121||53.605<br>lm. 11st<br>18850|(27.IXD)|I|I 7 I 233)<br>170342|180,973<br>(249.152)<br>(1.20S,594)<br>(SS.742)|
|||||||||I|I413 444)|||3040|f27 OER||f091)|(1,450895)|





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|5c hoot tees receivable<br>cans is toF:|5c hoot tees receivable<br>cans is toF:||||2023|2022|
|---|---|---|---|---|---|---|
||||||3|6|
|Grms fees<br>Total bursarier|ond other discounts||||3.732.123<br>(FBBHBT)|3,387.230<br>(637.210)|
||||||2.773,662|2.690.020|
|~A<br>Estrmrecovsrable.<br>esaminahon<br>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<br>Other sundry|inca|me|||||||82.081<br>40@F9|66.428<br>44.36i|
|||||||||||I22360|1 I0,789|
||As other ancillary||trading income in Ine previous|||year relates|lo uniestncted||funds|||
|5.|AUDITOR'8<br>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<br>services||||||||||32,832|
||DONATIONS|||||||||||
||||||||||||2022|
||UNRESTRiCTED|FUNDS||||||||||
||Road Schaoi Enterprises timited<br>pare nh and mends<br>Assoaoh on 8 Old Droxoriians<br>Others|||||Assocrahori||||90,826|43.366<br>60<br>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<br>actlvules||||||||
|Touching costs<br>Wcllore costs<br>Premises<br>Support ond governance||costs|1,787.861|72,569||90.117<br>262.970<br>344.1St<br>219.687|1,577,978<br>242,'tra<br>41d,72'I<br>853.313|
|Total char8able<br>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<br>activities||||||||
|Teaching co~ts<br>wellare costs<br>Premissn<br>Support and governonce||casts Inote 6bi|1,630,12d<br>493.634|54,754||90 723<br>241 84'P<br>322.218<br>210.566|1,720.849<br>24l 84o<br>376,972<br>704,200|
|Totol chcdtable<br>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<br>in lhe year<br>Rrvll.|Rrtil was restricted|l2022|' 513N56l and|Rnil related lo endowment|funds|f2022<br>r|
|Support costs include the foEowing:||||||2022<br>6|
|Fton-teaching<br>~upport salaries<br>Advertiung<br>and publioly<br>Telephone 6internet<br>pcntir g. coptrng. postage. stasonay <br>Au drier'I remunerati<br>ori|ona newspapers|||28.879<br>12,148<br>$6,052<br>'14.400||335<br>29,037<br>8.720<br>20,199<br>8,400|





## 

|The aggregate<br>payroll cost» for lhe year were as follows:|||
|---|---|---|
|||2022|
|||5|
|Wage» ond solacer<br>Social security costs<br>Pension car hibutions|'I,NI4,8dB<br>173,899<br>520,874|1.680.070<br>154.503<br>271',375|
||2,401,641|2,113,948|



|Ihe School considers that|the key management<br>personnel<br>compnse|the key management<br>personnel<br>compnse|the Governors,|the Governors,|Ihe ncaa ond|the Buaer.||
|---|---|---|---|---|---|---|---|
|Aggregate<br>employee<br>benefits at key mrrnagement||perionnel|||104.29II<br>87||142|
|Ihe number ofemployees<br>within bands at510.000 is|whose 'otal empksyee<br>as follows,|benefifs excluding|pensron|conlribu'tiom<br>earning||over 960.000.claspfied||
|560.001 io570,000<br>670.001 to 480.000||||||2025<br>I<br>I|2022|
|Pension contributions<br>ielo|ting to those staff earning|over 5600IM Iatafied 832||d83 in|the current year|12022.5131421||



|||2023||
|---|---|---|---|
|||No.||
|leaching<br>Domestic|3 teachrng suppan|50<br>T2|47<br>II|
|Grounds<br>/ Onvmg<br>administrahon||Io<br>10|8<br>Il|
||||77|





||Freehold|Property||||
|---|---|---|---|---|---|
||Land &|Improve|Fvmiturs<br>&|Mater||
||Bufdlngs<br>f|menb|Equlpmellt<br>5|Vehicles<br>f|Total|
|COST||||||
|At<br>I September<br>2022<br>Aadi tions<br>~sposois|6.045 102<br>2.448<br>l 1,481 l|119.162<br>13.867|637,278<br>29,51<br>I<br>i360i|104.742<br>32,axi|6.904.284<br>78524<br>(1,841)|
|At3f August 2023|6.046.069|138029|666.429|137.142|6.982.649|
|OEPRECIAIION||||||
|At<br>I September2022<br>Charge far year<br>On disposah|2.785.f02<br>(1.481i||527.253<br>49,025<br>(108l|14496<br>23.544|3,326.851<br>72.$69<br>(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<br>assets held at valuation,<br>wcv(d f1avs been reca gnisad ifth8assets had||fhe srggregate<br>cost. depreciation<br>ond comparable<br> been carried under Ihs hipari calcost model are os|||conying<br> follows:-|amount<br>that|
|||||||Freehold|
|||||||Propsnyf|
|AISI Avfust2023|||||||
|Aggregate cmt<br>Aggregate<br>aeprecrohon||||||455&802<br>(2,78S.102)|
|||||||1,767,700|
|At 31 Avgvst 2022|||||||
|Aggregate cast<br>Aggregate<br>d spree iatian||||||4.5S2.802<br>(2.785,102f|
|||||||I 767 700|





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||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E||
|Chcritiei Official investmeni||Fund|||||||||
|Charinco Comman<br>Investment|||Funds|||- Adept|||234|25,263<br>257|
|||||||- Taylor|||212|233|
||||||||||444|25.753|
|Inveslments<br>were no acq|are stated ~I Ma*et value<br>asifions storing fhe year and||||Tne cost of the investments<br>os o!31 August<br>disposol proceeds of625.263were received.||||2023 was 6500 12022 . 63,770) There||
|The fofiomng|motenal<br>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<br>Other debtors<br>Prepayments|||||||||724,54$ 55,141<br>25.5$5|713,379<br>62 647<br>28,947|
||||||||||505.545|804.9 73|
|AR debtors are due vxthin one year|||||||||||
|CREDITORs: omounts<br>fafEng due|||wEhln orle year||||||||
|||||||||||2022|
|Feei invoiced<br>m advance<br>Trode creditors<br>Social secunty ond other tares<br>Pensions<br>Sundry CreditarS and aCCruOR<br>Hire purchme<br>liabllties<br>Loans|||||||||995,775<br>i25,570<br>I55,42)<br>40,130<br>43,911<br>2$,549<br>249,912|923.192<br>205.686<br>101,466<br>30.102<br>ro546<br>16.826<br>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<br>Amount rcleasea <br>Amount deferrea|Iorworct<br> Io statement<br>in year||ot Financial Act vitios|923 Ii92<br>(923,192)<br>995,778|517.38s<br>I817.384)<br>923,192|
||||||996.7FS|923 192|
|Id.|cREDITDRS:ainounls||loRlng due|altar one year|||
|||||||2022|
|||||||9|
||Loons||||||
||ffire purchose<br>liabilihes<br>Orher long term creditors||||1.285.594<br>42,713|I 455934<br>40.484|
||||||I27ASO|127.I0I|
||||||IA75687|I 443,523|



|||Sofance at<br>31.08.2022<br>8|Incoming<br>Resources<br>E|Resources<br>Expended|Transfers|Gains<br>(Loiue|rf<br>1)<br>8|Salonce at<br>31.08.2022<br>E|
|---|---|---|---|---|---|---|---|---|
|Endovmd|Funds||||||||
|Foundation|Caprtat|SAY'F.ld2||||||3.319,142|
|Restricted|Funds||||||||
|Pnse Funds<br>Giffs IReslrictedl|||23AS4||1,024<br>(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<br>31.0S2021<br>5|incoming<br>Resources|Resources<br>Expended|Iransten|Gaifit 7<br>(Lassesj|Balance at<br>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<br>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<br>tor the gsrieral puqsases sf Ihs|<br>schacs.||an<br>oter<br>so|urcm<br>hat are|
|---|---|---|---|---|
||Endowed|Rettricled|llnreslriclsd|Tolaf|
||2028|2023|2023|2023|
|Tangible fired asiels<br>In estrrients|E<br>5,379,162|9.|5<br>205,67il|3.534,330|
|Nel current assets<br>Long tenn ltabilikes<br>Provisions|||446<br>(657.563)<br>(1.475.557)<br>(43.463)|(657.3'IS)<br>(1.475.557)<br>(43,462)|
||3.379,142||(I 970865)|IA05 947|
||Endowed|Reslrictsd|Vnrsancted|Total|
||2022|2022|2022|2022|
|||||Irmtatedl|
|Tangible hred assets<br>In vs itm enh<br>Net current mso tv I iliabilikeU<br>Lorig term liobilikes<br>PIavisions|3.379.1*2||8<br>20027I}<br>25.753<br>1402,<br>I65l<br>I I 643.523l|5<br>3,579.432<br>25.753<br>(402. I68}<br>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<br>I year<br>Lares Ihon<br>I year and rial||later thon 5yean|||30.343<br>70.130|5<br>23 167<br>70,899|
||||||'f00,473|94.066|





|19.|OPERATIHG<br>LEASES||||||
|---|---|---|---|---|---|---|
||The total mrnimvm<br>lease payments|under non-cancedabte|aperahng|leases are as follows.-|||
||||||2022|2022|
||Not toter than<br>I year<br>Later than<br>I year ond nof later than|5years|||7,4ST<br>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<br>NT VA<br>PR<br>V<br>N||||||||
|||||||2023|2022|2021|
||Present<br>eius ol provision|||||43,462|49.560|6<br>49.229|
||F<br>N|N|||||||
|||||||||2022|
||Pmvr son ot start ofper od<br>unvxnding<br>af ttte discount factor <br>Delict contnbuhon<br>paid<br>Rsrneasvrements<br>-impact ol any <br>Remeasvremenh<br>-amendments|(interest expense(<br> change<br>i~ ossumptions<br>la conlribuhon<br>schedule|||||49,540<br>2,809<br>(5.428)<br>(2879(|49.229<br>508<br>(5.3051<br>(8,227I<br>13.355|
||PravislOn at Snd af period||||||43,462|49.5fic|
||M<br>NT<br>FFINA||||||||
||||||||2023|202.2|
||Interest expense<br>Remsosvrsmsnh<br>-impoct of any cnai gs in assumptions<br>Remeasumments<br>-amendmsnh<br>to contribvlian<br>schedule<br>Con tnbvrions<br>paid in respect of lvtvre service '||||||8<br>2.1XI9<br>(2.679)<br>288A14|5<br>508<br>(8.227i<br>13.355<br>253.385|
||casts recognised<br>in sle statemerir|of finonorrl<br>activities|||||287,746|259.021|
||lnclvdes<br>defined<br>contdbuton<br>schemes and<br>lutvrs service contributiors<br>(i.s.exclvrtlng<br>to defined beneM schsntm<br>which are treated as deHned<br>contnbvhorls<br>schemes.||||||any delicit rsavcrmn|poymentst|



|||31|082023|31.08.2022|3108.2021|
|---|---|---|---|---|---|
|Rate|o!discount|%per|annum<br>5.79|95 per annum<br>4.3I|%per annum<br>1.09|



|The loEowing schedule<br>penors|details the deficit carttribufions|agreed between|the company ord the scheme at each yeor encl|
|---|---|---|---|
|Tear<br>1<br>Year 2<br>Year3<br>Years<br>Tsar 5<br>Year 6<br>Year 7<br>Year 8<br>Year 9<br>Year 10|||31.082023<br>5,591<br>5.759<br>5.932<br>62110<br>6.293<br>6482<br>6.676<br>6,877<br>5.902<br>31.08.2022<br>5.428<br>5.591<br>5,759<br>5.932<br>6.110<br>6,293<br>6.482<br>6.676<br>6,877<br>5,902<br>31.08 2021<br>5.305<br>5.465<br>5.628<br>5.797<br>5,971<br>6.150<br>6.335<br>6.525<br>4,480|






## 

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