Helping people find their lives again - RNIB

More documents

Recommendations

Info

19. Pension costs (continued) History of asset values, defined benefit obligation and surplus (deficit) in the scheme 2009 2008 2007 2006 2005 £’000 £’000 £’000 £’000 £’000 Fair value of scheme assets Defined benefit obligation (Deficit) surplus in scheme 93,446 110,100 110,982 104,762 82,358 (101,557) (92,177) (102,930) (109,164) (85,538) (8,111) 17,923 8,052 (4,402) (3,180) Analysis of the (losses) gains recognised in the SOFA 2009 £’000 2008 £’000 Total actuarial (losses) gains in year (27,847) 8,290 Cumulative amount of (losses) gains recognised in SOFA (15,892) 11,955 68 RNIB annual report and accounts 2008/09
19. Pension costs (continued) History of experience of gains and losses in the Pension Scheme (continued). 2009 2008 2007 2006 2005 £’000 £’000 £’000 £’000 £’000 (Losses) gains on scheme assets Gains (losses) on scheme liabilities (25,316) (9,406) (1,435) 14,903 3,376 347 (695) 5,913 890 808 The charity contributed to the Scheme at the rate of 16 per cent of pensionable salaries for the period from 1 April 2008 to 31 March 2009. These rates include the cost of death in service insurance cover. During the year the charity contributed £3,771,000 (2008: £3,303,000) to the scheme, and in the next year expects to contribute £4,203,000. RNIB also makes contrib utions to a number of other small pension schemes including the Teachers Pension Scheme. Following the merger with NLB, RNIB is also operating the Pensions Trust’s Growth Plan. The Growth Plan is a multi employer pension plan under which contributions are invested in personal funds which have a capital guarantee and convert to a pension on retirement. No contributions are currently required into the Plan, but the Pensions Trust has advised that in the event of a withdrawal from the Plan, or in the event of the Pensions Trust being wound up, RNIB would have liability to pay a share of the accumulated deficit in the Plan, which is estimated at £736,082, based on the last updated actuarial valuation of the Plan as at 30 September 2008. The next full actuarial valuation will be carried out during 2011. Financial statements for the year ended 31 March 2009 69
Page 1 and 2:
Helping people find their lives aga
Page 3 and 4:
Contents This Trustees’ report an
Page 5 and 6:
Structure and objectives Our legal
Page 7 and 8:
Achieving our mission Operating acr
Page 9 and 10:
Who’s who in RNIB Patron HM The Q
Page 11 and 12:
Assembly members The Board is suppo
Page 13 and 14:
A fantastic victory There are 26,00
Page 15 and 16:
Money money money - the Disability
Page 17 and 18:
Focus on books Only five per cent o
Page 19 and 20: Timely support This year we have in
Page 21 and 22: At the heart of RNIB Blind and part
Page 23 and 24: ► produced braille and more brail
Page 25 and 26: y £6.8million as opposed to a fall
Page 27 and 28: liability does not result in an imm
Page 29 and 30: fast enough. RNIB will work to save
Page 31 and 32: More people to shop independently a
Page 33 and 34: consistent with those financial sta
Page 35 and 36: Restricted funds £’000 Developme
Page 37 and 38: Restricted funds Development Unrest
Page 39 and 40: Consolidated cashflow statement for
Page 41 and 42: Notes to the consolidated financial
Page 43 and 44: Depreciation is not provided on ser
Page 45 and 46: 2. Net income from trading activiti
Page 47 and 48: 3. Total resources expended (contin
Page 49 and 50: 4. Tangible fixed assets - group an
Page 51 and 52: 5. Group fixed asset investments (c
Page 53 and 54: 5. Group fixed asset investments (c
Page 55 and 56: 7. Restricted funds The funds of th
Page 57 and 58: 8. Development funds 31March 2008
Page 59 and 60: Unrestricted funds Development £
Page 61 and 62: 11. Employee remuneration (continue
Page 63 and 64: 15. Stocks Group Charity 2009 2008
Page 65 and 66: 18. Creditors due after more than o
Page 67 and 68: 19. Pension costs (continued) The a
Page 69: 19. Pension costs (continued) Chang
Page 73 and 74: 21. Grants receivable During the ye
Page 75 and 76: Supported by RNIB acknowledges supp
show all

Helping people find their lives again - RNIB

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?