Statement of Changes in Equity and Reserves

Statement of Changes in Equity & Reserves

Consolidated Association

Called up share capital Revenue

Reserve (including pension reserve) Total Called up share capital

Revenue Reserve (including pension reserve) Total £’000 £’000 £’000 £’000 £’000 £’000

As at 1 April 2019 - 20,530 20,530 - 20,736 20,736 Surplus for the year - 2,654 2,654 - 2,641 2,641 Actuarial gain in respect of pension schemes - 4,949 4,949 - 4,949 4,949

As at 31 March 2020 - 28,133 28,133 - 28,326 28,326

Deficit for the year - (4,097) (4,097) - (4,794) (4,794) Actuarial loss in respect of pension schemes - (5,315) (5,315) - (5,315) (5,315)

As at 31 March 2021 - 18,721 18,721 - 18,217 18,217

The revenue reserve represents the accumulated surplus of the Group and Association.

The notes on pages 47-84 form part of these financial statements.