c. Analysis of the change in the fair value of plan assets


2024. £’000.


Opening fair value of plan assets Interest income


Asset (losses)/gains Contributions Benefits paid


Closing fair value of plan assets Expected contributions to the scheme in the year to 31st March 2024 are £16,633. d. Analysis of the change in the defined benefit obligation


2024. £’000.


Opening defined benefit obligation Current service cost Interest cost


Actuarial (gains) / losses Benefits paid


Closing defined benefit obligation


9,650. 17.


449. (341) (604)


--------- 9,171.


----------


2023. £’000.


11,909. 22.


314.


(2,019) (576)


--------- 9,650.


----------


9,726. 453. (80) 22.


(604)


--------- 9,517.


----------


2023. £’000.


12,044. 314.


(2,148) 92.


(576)


--------- 9,726.


----------


e. Amounts charged to Statement of Comprehensive Income


2024. £’000.


Current service cost – charged to staff pension costs Net interest expense – charged to finance expense


Total included in surplus for the year


17. (4)


--------- 13.


----------


2023. £’000.


22. -.


--------- 22.


----------


f. Amounts recognised in the other comprehensive losses/income


2024. £’000.


Actual return on assets less interest income Effect of assumptions changes on benefit obligation


Remeasurement of net defined benefit pension surplus/(liability) Adjustment to bring surplus asset to nil


Total


(80) 341.


--------- 261.


(270)


--------- (9)


----------


2023. £’000.


(2,148) 2,019.


--------- (129) 59.


--------- (70)


----------


RYA Annual Strategic Report 2024


33


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