22
Retirement benefit obligations (continued)
(i)
Sensitivity of overall pension liabilities
31 Mar
2022
£’000
31 Mar
2021
£’000
Increase in liability through 0.25% reduction in discount rate
7,445
8,044
Increase in liability through 0.25% increase in inflation assumption
4,467
4,827
Increase in liability through increase in rate of mortality by 1 year
5,956
6,435
The sensitivities are based on the present value of funded obligations.
(j)
Defined benefit obligation trends
The major categories of plan assets areas follows:
31 Mar
2022
£’000
31 Mar 31 Mar 31 Mar
£’000 31 Mar
2018
£’000
Scheme assets
149,413
143,071 124,379 119,413 Scheme liabilities
(148,895)
(160,887)
(142,263)
(151,302)
(135,191)
Scheme surplus/(deficit)
518
(17,816)
(17,884)
(31,889)
(20,741)
23
Trade and other payables
31 Mar
2022
£’000
31 Mar
2021
£’000
Trade and other creditors
17,774
15,965
Social security and other taxes
5,954
5,625
Accrued expenses
22,205
24,617
45,933
46,207
24
Deferred income
31 Mar
2022
£’000
31 Mar
2021
£’000
Deferred income Deferred income comprises fees and subscriptions from members and future members accounted for in advance, exam fees paid in advance by future members and monitoring contract income paid in advance.
Association of Chartered Certified AccountantsNotes to the Financial Statements for the year ended 31 March 2022 25 ProvisionsRestated 31 Mar 2021 £’000 Utilised in a year£’000 Released in a year £’000 Provided in a year £’000 Exchange difference£’000 Share with your friends: |
