| Page | ||
|---|---|---|
| Trustees' report |
1-13 | |
| Trustees' responsibilities statement |
14 | |
| Independent auditors' |
report on the financial statements | 15-18 |
| Statement offinancial | activities | 19-20 |
| Balance sheet | 21 - 22 | |
| Statement ofcash flows | 23 | |
| Notes to the financial | statements | 24 - 53 |
| TRUSTEES' REPORT (CONTINUED) | TRUSTEES' REPORT (CONTINUED) | |||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31AUGUST 2022 | ||||
| Company | registered | |||
| number | 00050404 | |||
| Charity registered | ||||
| number | 529686 | |||
| Registered | office | Scarborough College |
||
| Filey Road | ||||
| Scarborough | ||||
| North Yorkshire | ||||
| YO11 3BA | ||||
| Independent | auditor | Armstrong Watson Audit |
Limited | |
| Chartered Accountants |
||||
| Third Floor | ||||
| 10South Parade | ||||
| Leeds | ||||
| West Yorkshire | ||||
| LS1 5QS | ||||
| Bankers | Lloyds | |||
| 1 St Nicholas Street | ||||
| Scarborough | ||||
| North Yorkshire | ||||
| YO11 2YY | ||||
| Solicitors | Lupton Fawcett Denison | Till | ||
| Yorkshire House | ||||
| East Parade | ||||
| Leeds | ||||
| LS1 5SD |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | 202'I | ||
| Note | 8 | 8 | 8 | 6 | ||
| Income and | ||||||
| endowments from: |
||||||
| Donations and | ||||||
| legacies | 767,624 | 767,624 | 12,558 | |||
| Charitable activities |
6,165,676 | 109,812 | 6,275,488 | 5,431,107 | ||
| Other trading | ||||||
| activities | 313,622 | 313,622 | 189,250 | |||
| Investments | 742 | 742 | 1,154 | |||
| Other income | 4,364 | 4,364 | 54,589 | |||
| Total income and | ||||||
| endowments | 7,252,028 | 109,812 | 7,361,840 | 5,588,758 | ||
| Expenditure on: |
||||||
| Raising funds | 9 | 351,032 | 351,032 | 423,551 | ||
| Charitable activities |
10 | 6,227,278 | 110,812 | 6,338,090 | 5,430,935 | |
| Other expenditure | 11 | 348,122 | 348,122 | 489,529 | ||
| Total expenditure | 6,926,432 | 110,812 | 7,037,244 | 5,344,015 | ||
| Net (expenditure)l | ||||||
| income before other | ||||||
| recognised gains |
325,596 | (1,000) | 324,596 | (655,258) | ||
| Other recognised | ||||||
| gains: | ||||||
| Actuarial gains/ |
||||||
| (losses) on defined | ||||||
| benefit schemes | 24,776 | 24,776 | 2,990 | |||
| Net movement in |
||||||
| funds | 350,372 | (1,000) | 349,372 | (552,258) |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Note | 6 | 6 | 6 | 6 | 5 | ||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 2,299,310 | 75,874 | 102 | 2,375,286 | 3,027,554 | ||
| Net movement | in | ||||||
| funds | 350,372 | (1,000) | 349,372 | (652,268) | |||
| Total funds carried | |||||||
| forward | 2,649,682 | 74,8?4 | 102 | 2,724,658 | 2,375,286 |
| Note | 2022f | 2021f | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Intangible assets | 16 | 28,694 | 39,026 | |||
| Tangible assets | 17 | ?,910,735 | 7,288,116 | |||
| 7,939,429 | 7327142 | |||||
| Current assets | ||||||
| Stocks | 18 | 7,174 | ||||
| Debtors | 19 | 5,074,145 | 4,318,774 | |||
| Cash at bank and | in hand | 1,282,953 | 1,181„938 | |||
| 6,357,098 | 5,507,886 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 20 | (8,562,183) | (6,982,083) | |||
| Net current liabilities |
(2,205,085) | (1,474,197) | ||||
| Total assets less | current liabilities | 5,734,344 | 5,852,945 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 21 | (2,582,335) | (2,669,071) | |||
| Provisions for liabilities |
22 | (427,351) | (808,588) | |||
| Total net assets | 2,724,658 | 2,375,286 |
| Note | 2022f | 2021 6 |
|||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||||
| Net cash used in operating | activities | 26 | 530,848 | 1,308,627 | |||
| Cash flows from investing | activities | ||||||
| Interest received | 742 | 1,154 | |||||
| Purchase of intangible assets | (27,028) | ||||||
| Purchase oftangible fixed assets | (229,137) | (220,796) | |||||
| Interest payable | (125,617) | (126,107) | |||||
| Net cash used in investing | activities | (354,012) | (374,777) | ||||
| Cash flows from financing | activities | ||||||
| Loan repayments | (75,701) | (56,260) | |||||
| Capital repayments | (120) | (120) | |||||
| Net cash used in financing | activities | (75,821) | (56,380) | ||||
| Change in cash and cash |
equivalents | in | the year | 101,015 | 877,470 | ||
| Cash and cash equivalents | at the beginning | ofthe year | 1,181,938 | 304,468 | |||
| Cash and cash equivalents | at the end of | the year | 27 | 1,282,953 | 1,181,938 | ||
| The notes on pages 24 to 53 | form part ofthese financial statements |
| Unrestricted | Restricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2022 | 2022 | 2022 | |||||||
| 6 | 8 | ||||||||
| Donations | 767,624 | 767,624 | |||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| 5 | |||||||||
| Donations | 6,558 | 6,000 | 12,558 | ||||||
| Included | within | the income from | donations | is an amount of6767,624 which | relates to a donation | from a | |||
| related | party for | the construction | ofan athletics track on the College's Bramcote site. | ||||||
| Income | from charitable | activities | |||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | funds | |||||||
| 2022 | 2022 | 2022 | |||||||
| 6 | 6 | F | |||||||
| Fees generated | from the | Provision of Education | 6,165,676 | 109,812 | 6,275,488 | ||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| 5 | 5 | ||||||||
| Fees generated | from the | Provision of Education | 5,283,989 | 147,118 | 5,431,107 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2022 | ||||
| 6 | 6 | ||||
| Other Trading | Income | 46,744 | 46,744 | ||
| School Holiday | and Hiring Income | 31,462 | 31,462 | ||
| Special Educational | Needs Income | 98,578 | 98,578 | ||
| Bus Income | 123,463 | 123,463 | |||
| Registration | Fees | 13,375 | 13,375 | ||
| Total 2022 | 313,622 | 313,622 | |||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2021 | 2021 | ||||
| 6 | |||||
| Other Trading | Income | 30,407 | 30,407 | ||
| School Holiday | and Hiring Income | 6,984 | 6,984 | ||
| Special Education | Needs Income | 59„123 | 59,123 | ||
| Bus Income | 80,215 | 80,215 | |||
| Registration | Fees | 12,521 | 12,521 | ||
| Total2021 | 189,250 | 189,250 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2022 6 |
2022f |
| 742 | 742 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021f | 2021f |
| 1,154 | 1,154 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2022f | 2022f |
| 4,364 | 4,364 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021f | 2021 |
| 54,660 | 54,669 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 6 |
2022f | |
| Bank Loan Interest | 125,614 | 125,614 |
| Bank Charges | 20,760 | 20,760 |
| Bad Debts Write Off | (4,656) | (4,656) |
| Agent Commission | 204,150 | 204,150 |
| Debt Collection Fees | 5,161 | 5,161 |
| Other Interest | 3 | 3 |
| Total 2022 | 351,032 | 351,032 |
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| Bank Loan Interest | 124,5'/1 | 124,511 |
| Bank Charges | 27,500 | 27,500 |
| Bad Debts Write Off | 41,757 | 41,757 |
| Agent Commission | 205,144 | 205,144 |
| Debt Collection Fees | 21,216 | 21,216 |
| Other Interest | 3,423 | 3,423 |
| Total2021 | 423,551 | 423,551 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | ||
| 2022 | 2022 F. |
2022f | ||
| Provision of Education | 6,227,278 | 110,812 | 6,338,080 | |
| Unrestricted | Restricted | |||
| funds | funds | Total | ||
| 2021 | 2021 | 2021 | ||
| Provision of Education | 5,283,795 | 147,141 | 5,430,936 | |
| 11. | Other expenditure | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| 6 | 6 | |||
| Historic Legal Claim | 348,122 | 348,122 | ||
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| 8 | ||||
| Historic Legal Claim | 489,529 | 489,529 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| 6 | 6 | 6 | ||
| Provision | ofEducation | 5,301,794 | 1,036,296 | 6,338,090 |
| Activities | ||||
| undertaken | Support | Totai | ||
| directly | costs | funds | ||
| 2021 | 2021 | 2021 | ||
| Provision | ofEducation | 4,527,979 | 902,957 | 5,430,936 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Salaries | 416,623 | 394,410 | ||||||
| Staff Superannuation | 16,535 | 12,755 | ||||||
| HR Services | 8,066 | 14,049 | ||||||
| Advertising | 163,722 | 136,449 | ||||||
| Telephone | 49,081 | 38,971 | ||||||
| Postage | 90,303 | 119,774 | ||||||
| Vehicles | 204,358 | 127,839 | ||||||
| Auditors remuneration |
10,650 | 12,000 | ||||||
| Auditors remuneration |
for non | audit | work | 1,995 | 6,590 | |||
| Governors indemnity insurance |
3111 | 1,051 | ||||||
| Legal and Professional | fees | 52,712 | 27,355 | |||||
| Amortisation | 10,332 | 8,531 | ||||||
| Depreciation | 8,808 | 3,173 | ||||||
| Tots I | 1,036,296 | 902,957 | ||||||
| Auditor's remuneration |
||||||||
| 2022 | 2021 | |||||||
| F | 8 | |||||||
| Fees payable | tothe Charity's | auditor | for the audit ofthe Charity's | annual | ||||
| accounts | 10,650 | 12,000 | ||||||
| Fees payable | to the Charity's | auditor | in respect of: | |||||
| All non-audit | services not included | above | 1,995 | 6,590 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Wages and | salaries | 2,742,196 | 2,752,224 | ||
| Social security costs | 293,942 | 249,063 | |||
| Contribution | to defined | contribution | pension schemes | 364,140 | 315,704 |
| 3,400,278 | 3,316,991 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| No. | No. | |||
| Tuition | 73 | 61 | ||
| Administration | and | Services | 56 | 49 |
| 129 | 110 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Intangible assets | |||
|---|---|---|---|
| Website | |||
| Marketing | Development | ||
| film | costs | Total | |
| 6 | 6 | ||
| Cost | |||
| At 1 September 2021 | 46,684 | 24,635 | 71,319 |
| At 31 August 2022 | 46,684 | 24,635 | 71,319 |
| Amortisation | |||
| At 1 September 2021 | 23,260 | 9,033 | 32,293 |
| Charge for the year | 5,405 | 4,927 | 10,332 |
| At 31 August 2022 | 28,665 | 13,960 | 42,625 |
| Net book value | |||
| At 31 August 2022 | 16,019 | 10,675 | 28,694 |
| At 31August 2021 | 23,424 | 15,602 | 39,026 |
| Short | Assets | ||||
|---|---|---|---|---|---|
| Freehold | leasehold | Fixtures and | under | ||
| property 6 |
improv'rnts 6 |
fittings 6 |
construction 8 |
Total 6 |
|
| Cost or valuation | |||||
| At 1 September 2021 | 6,642,301 | 88,461 | 3,859,936 | 10,590,698 | |
| Additions | 84,144 | 144,993 | 767,323 | 996,460 | |
| Disposals | (580) | (580) | |||
| At 31 August 2022 | 6,726,445 | 88,461 | 4,004,349 | 767,323 | 11,586,578 |
| Depreciation | |||||
| At 1 September 2021 | 263,752 | 12,713 | 3,026,117 | 3,302,582 | |
| Charge for the year | 115,542 | 8,846 | 248,873 | 373,261 | |
| At 31 August 2022 | 379,294 | 21,559 | 3,274,990 | 3,675,843 | |
| Net book value | |||||
| At 31 August 2022 | 6,347,151 | 66,902 | 729,359 | 767,323 | 7,910,735 |
| At 31August 2021 | 6,378,549 | 75,748 | 833,819 | 7,288,116 |
| 2022f | 2021 | ||||
|---|---|---|---|---|---|
| Due after one year | |||||
| Trade debtors | 95,882 | 43,377 | |||
| 95,882 | 43,377 | ||||
| Due within one year | |||||
| Trade debtors | 4,746,722 | 4,071,089 | |||
| Other debtors | 42,209 | 57,446 | |||
| Prepayments | and accrued income | 189,332 | 146,862 | ||
| 5,074,145 | 4,3f8,774 | ||||
| Creditors: Amounts | falling due within one year | ||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Bank loans | 77,654 | 66,739 | |||
| Trade creditors | 289,626 | 283,394 | |||
| Other taxation | and social security | 71,985 | 60,440 | ||
| Obligations under finance lease and hire purchase |
contracts | 120 | 120 | ||
| Other creditors | 1,323,506 | 546,858 | |||
| Accruals and | deferred | income | 6,799,292 | 6,024,532 | |
| 8,562,183 | 6,982,083 |
| Creditors: Amo | unts falling due after |
more than on | e year | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Bank loans | 2,580,655 | 2,667,271 | |||
| Net obligations | under finance lease and | hire purchase | contracts | 1,680 | 1,800 |
| 2,582,335 | 2,669,071 | ||||
| Included within |
the above are amounts | falling due as | follows: | ||
| 2022 | 2021 | ||||
| 6 | |||||
| Between one and two years | |||||
| Bank loans | 81,043 | 80,404 | |||
| Between two and five years | |||||
| Bank loans | 256,855 | 244,259 | |||
| Over five years | |||||
| Bank loans | 2,242,757 | 2,342,608 |
| Legal | Pension | |||
|---|---|---|---|---|
| Provision | Provision | Total | ||
| 5 | 6 | 8 | ||
| At 1 September 2021 | 450,000 | 358,588 | 808,588 | |
| Additions | 345,096 | (21,077) | 324,019 | |
| Amounts | used | (705,256) | (705,256) | |
| 89,840 | 337,511 | 427,351 |
| Statement offun | ds | - current | year | ||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | ||||||
| September | Gains/ | 31August | |||||
| 2021 | Income | Expenditure | (Losses) | 2022 | |||
| 6 | 6 | 6 | 6 | ||||
| Unrestricted funds |
|||||||
| Called up share | capital | ||||||
| Called up share capital | 5,507 | 5,507 | |||||
| General funds | |||||||
| General Funds - | all | funds | 2,278,563 | ?,252,028 | (6,926,432) | 24,776 | 2,628,935 |
| Revaluation reserve |
15,240 | 15,240 | |||||
| 2,293,803 | 7,252,028 | (6,926,432) | 24,776 | 2,644,175 | |||
| Total Unrestricted | funds | 2,299,310 | ?,252,028 | (6,926,432) | 24,776 | 2,649,682 | |
| Endowment funds |
|||||||
| Endowment Funds |
- all funds | 102 | 102 | ||||
| Restricted funds | |||||||
| Peggy Bailey Legacy | 73,470 | 73,470 | |||||
| Early Years | 1,304 | 109,812 | (110,812) | 304 | |||
| Cricket Pavillion | Fund | 1,100 | 1,100 | ||||
| 75,874 | 109,812 | (110,812) | 74,8?4 | ||||
| Total offunds | 2,375,286 | 7,361,840 | (7,037,244) | 24,776 | 2,724,658 |
| Statement offu | nds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1September | Transfers | Gainsr | 31August | |||
| 2020 | Income | Expendituref | in/out 6 |
(Losses) | 2021 | |
| Unrestricted | ||||||
| funds | ||||||
| Called up | ||||||
| share capital | ||||||
| Called up share capital |
5,507 | 5,507 | ||||
| General funds | ||||||
| General Funds | 2,930,808 | 5,535,640 | (6,196,875) | 6,000 | 2,990 | 2,278,563 |
| Revaluation | ||||||
| Reserve | 15,240 | 15,240 | ||||
| 2,946,048 | 5,535,640 | (6,196,875) | 6,000 | 2,990 | 2,293,803 | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 2,951,555 | 5,535,640 | (6,196,875) | 6,000 | 2,990 | 2,299,310 |
| Endowment | ||||||
| funds | ||||||
| Endowment | ||||||
| Funds - all | ||||||
| funds | 102 | 102 | ||||
| Restdcted | ||||||
| funds | ||||||
| Peggy Bailey Legacy |
73,470 | 73,470 | ||||
| Early Years | 1,327 | 147,118 | (147,141) | 1,304 | ||
| Cricket | ||||||
| Pavillion Fund |
1,100 | 1,100 | ||||
| Projector Fund | 6,000 | (6,000) | ||||
| 75,897 | 153,118 | (147,141) | (6,000) | 75,874 |
| Summary | offund | s - current y | ear | ||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | ||||||
| September | Gainsl | 31August | |||||
| 2021 | Income | Expenditure | (Losses) | 2022 | |||
| 6 | 6 | 6 | |||||
| Designated | funds | 5,507 | 5,507 | ||||
| General funds | 2,293,803 | 7,252,028 | (6,926,432) | 24,776 | 2,644,175 | ||
| Endowment | funds | 102 | 102 | ||||
| Restricted | funds | 75,874 | 109,812 | (110,812) | 74,874 | ||
| 2,375,286 | 7,361,840 | (7,037,244) | 24,776 | 2,724,658 | |||
| Summary | offunds - prior year | ||||||
| Balance at | Balance at | ||||||
| 1September | Transfers | Gains/ | 31August | ||||
| 2020 | income f |
Expenditure 6 |
infout L |
(Losses) | 2021 | ||
| Designated funds |
5,507 | 5,507 | |||||
| General funds | 2,946,048 | 5,535,640 | (6,196,875) | 6,000 | 2,990 | 2,293,803 | |
| Endowment | |||||||
| funds | 102 | 102 | |||||
| Restricted | |||||||
| funds | 75,897 | 153,1'/8 | (147,141) | (6,000) | 75,874 | ||
| 3,027,554 | 5,688,758 | (6,344,016) | 2,990 | 2,375,286 |
| Analysis | ofnet assets | between funds - | current year | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | |||
| 6 | 6 | |||||
| Tangible fixed assets | 7,910,735 | 7,910,735 | ||||
| Intangible | fixed assets | 28,694 | 28,694 | |||
| Debtors due after more | than one year | 95,882 | 95,882 | |||
| Current assets | 6,186,240 | 74,874 | 102 | 6,261,216 | ||
| Creditors | due within one year | (8,562,183) | (8,562,183) | |||
| Creditors | due in more than one year | (2,582,335) | (2,582,335) | |||
| Provisions | for liabilities | and charges | (427,351) | (427,351) | ||
| Total | 2,649,682 | 74,874 | 102 | 2,724,658 |
| Analysis | ofnet assets between funds - | prior year | |||
|---|---|---|---|---|---|
| Unrestricted | Restncfed | Endowment | Total | ||
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021f | 2021 | ||
| Tangible fixed assets | 7,288,116 | 7,288,116 | |||
| Intangible | fixed assets | 39,026 | 39,026 | ||
| Debtors due after more than one year | 43,377 | 43,377 | |||
| Current assets | 5,388,533 | 75,874 | 102 | 5,464,509 | |
| Creditors | due within one year | (6,982,083) | (6,982,083) | ||
| Creditors | due in more than one year | (2,669,071) | (2,669,071) | ||
| Provisions | for liabilities and charges | (808,588) | (808,588) | ||
| 2,299,310 | 75,874 | 102 | 2,375,286 |
| 26. | Reconciliation ofnet |
Reconciliation ofnet |
movement | in funds to net | in funds to net | cash flow | from operating | activities | |
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| 6 | |||||||||
| Net income/expenditure |
for the | year | (as per | Statement | of Financial | ||||
| Activities) | 324,596 | (655,258) | |||||||
| Adjustments for: |
|||||||||
| Depreciation charges |
383,593 | 320,587 | |||||||
| Impairment charges |
94,400 | ||||||||
| Interest received | (742) | (1,154) | |||||||
| Interest paid | 125,617 | 128,107 | |||||||
| Decrease in stocks | 7,174 | 4,434 | |||||||
| Increase in debtors |
(755,371) | (116,074) | |||||||
| Increase in creditors |
1,569,185 | 1,117,746 | |||||||
| Decrease in provision | (356,461) | 415,859 | |||||||
| Donated fixed asset | (767,323) | ||||||||
| Loss on disposal offixed asset | 580 | ||||||||
| Net cash provided | by operating | activities | 530,848 | 1,308,627 | |||||
| 27. | Analysis ofcash and | cash equivalents | |||||||
| 2022 | 2021f | ||||||||
| Cash in hand | 1,282,953 | 1,181,938 | |||||||
| Total cash and cash equivalents | 1,282,953 | 1,181,938 |
| Contributions to three schemes during the y |
ear were based o | n the following perce |
ntages ofsalary:- |
|---|---|---|---|
| Employer | Employee | Total | |
| Independent Schools' Pension Scheme Aviva Pension Scheme |
So/o 16.4'/o |
8'/o 7.4'/o - 11.7~/o |
16'/o 23.8/o - 28.1 /o |
| People's Pension | 3'/o | 5'/o | 8'/o |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| F | 5 | |||||||
| Reconciliation | ofOpening | and | Closing | Provisions | ||||
| Provision at start of period | 358,588 | 395,719 | ||||||
| Unwinding ofthe discount factor |
(interest | expense) | 3,699 | 3,378 | ||||
| Deficit contribution | paid | (38,645) | (37,519) | |||||
| Remeasurements | - impact | ofany | change | in assumptions | (56,028) | (2,990) | ||
| Remeasurements | -amendments | to the contribution | schedule | 69,897 | ||||
| Provision at end | ofperiod | 337,511 | 358,588 | |||||
| 2022 | 2021 | |||||||
| 6 | 8 | |||||||
| Income and Expenditure | Impact | |||||||
| Interest expense | 3,699 | 3,378 | ||||||
| Remeasurements | -impact | ofany | change | in assumptions | (56,028) | (2,990) | ||
| Remeasurements | -amendments | to the contdibution | schedule | 69,897 | ||||
| 17,568 | 388 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | 5 | |||
| Nonwancellable | operating | leases | ||
| Within one year | 182,673 | 141,067 | ||
| Between one and | five years | 399,887 | 325,576 | |
| In more than five | years | 385,093 | 435,036 | |
| 967,653 | 901,679 |
| Minimum lease payments under hire purchase fall due |
as follows: | |
|---|---|---|
| 2022 | 2021 | |
| 6 | ||
| Within one year | 120 | 120 |
| Between one and five years | 480 | 480 |
| In more than five years | 1,200 | 1,320 |
| 1,800 | 1,920 |