(b) Scheme assets and net defined benefit pension liability:


Investment assets Insured pensions


Fair value of plan assets Value of funded obligations


Net defined benefit pension liability


Proportion 75% 25%


At 31st March 2021 £’000


9,566 3,249


12,815


(13,154) (339)


Proportion 78% 22%


At 31st March 2020 £’000


9,015 2,583


11,598


(11,902) (304)


(c) Analysis of the change in the fair value of plan assets:


2021 £’000


Opening fair value of plan assets Interest income Asset gains Contributions Benefits paid


Closing fair value of plan assets Expected contributions to the scheme in the year to 31st March 2022 are £91,000.


11,598 261


1,449 30


(523) 12,815


2020 £’000


11,469 271 215 117


(474) 11,598


(d) Analysis of the change in the defined benefit obligation:


2021 £’000


Opening defined benefit obligation Current service cost Interest cost


Actuarial losses Benefits paid


Closing defined benefit obligation


11,902 30


268


1,477 (523)


13,154


2020 £’000


11,643 42


274 417


(474) 11,902


(e) Amounts charged to Statement of Comprehensive Income:


2021 £’000


Current service cost - charged to staff pension costs Net interest expense - charged to finance expense Total Charged to Statement of Comprehensive Income


30 7


37


2020 £’000


42 3


45


RYA ANNUAL REPORT AND ACCOUNTS 2021


29


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