Financial Statements For the year ended
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| 31 Mar 2022 31 Mar 2021 31 Mar 2022 31 Mar 2021 For a male aged 65 now 23.3 21.8 21.6 21.7 At 65 fora male aged 45 now 25.0 24.1 22.6 22.7 For a female aged 65 now 25.6 24.2 24.0 24.1 At 65 fora female aged 45 now 27.3 26.2 25.1 25.2 In accordance with IFRIC14, UK Scheme Rules and funding arrangements were reviewed and ACCA considers that the Trustees have no rights to unilaterally windup, or otherwise augment the benefits due to members of the scheme. Management has made the judgement that the amount meets the requirements of recoverability and the surplus on the UK Scheme has therefore been recognised in full assuming the gradual settlement of the scheme liabilities overtime until all members have left the scheme and no additional liability has been recognised in relation to any minimum funding requirement. Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 22 Retirement benefit obligations (continued) (b) Pension costs 31 Mar 2022 £’000 31 Mar 2021 £’000 The total pension charge is made up as follows: Pension costs under the UK and Irish Schemes 338 344 Payments to defined contribution schemes for certain employees 399 605 outside the UK and Ireland Payments to defined contribution schemes for certain employees 5,982 5,552 in the UK and Ireland Payments for the Pensions Protection Fund levies 123 148 Pension costs 6,842 6,649 Actuarial (gains)/losses recognised in the statement of other comprehensive income for the period (15,704) 5,509 In addition to the defined contribution schemes operated for UK and Ireland qualifying employees, schemes also operate for certain employees outside the UK and Ireland. The nature of such schemes varies according to legal regulations, fiscal requirements and economic conditions of the countries in which employees are based. Plans are funded by payments from the group and by employees and are held separately and independently of the group’s finances. The amounts recognised in total comprehensive income for the schemes areas follows: Past service costs in respect of GMP equalisation Download 0.68 Mb. Share with your friends:
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