Martlet Homes Limited - Hyde Housing Association
Martlet Homes Limited - Hyde Housing Association
Martlet Homes Limited - Hyde Housing Association
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
MARTLET HOMES LIMITED<br />
NOTES TO THE ACCOUNTS<br />
YEAR ENDED 31 MARCH 2010<br />
30. PENSION SCHEMES (CONTINUED)<br />
A summary of the movement in pension assets and liabilities for the WSCCPF is shown below:<br />
Year to 31 March 2010<br />
Total<br />
£’000<br />
Present value of defined benefit obligation<br />
(28,118)<br />
Fair value of fund assets 19,545<br />
Net liability in the balance sheet (8,573)<br />
Movements in present value of defined benefit<br />
obligation<br />
Opening defined benefit obligation as at 1 April<br />
2009 15,306<br />
Current Service Cost 501<br />
Interest Cost 1,074<br />
Contributions by Members 322<br />
Actuarial losses/(gains) 11,197<br />
Estimated Unfunded Benefit Paid (1)<br />
Estimated Benefit Paid (281)<br />
Closing defined benefit obligation as at 31 March<br />
2010 28,118<br />
Movements in fair value of fund assets<br />
Opening fair value of employer assets as at 1<br />
April 2009 13,048<br />
Expected Return on Assets 868<br />
Contribution by Members 322<br />
Contributions by Employer 1,000<br />
Contributions in Respect of unfunded Benefits 1<br />
Actuarial gains/(losses) 4,588<br />
Unfunded Benefit Paid (1)<br />
Benefit Paid (281)<br />
Closing fair value of employer assets as at 31<br />
March 2010 19,545<br />
35
Change language