Annual Report 2001~ 2002 - Belfast Education & Library Board

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 200217. PROVISIONS FOR LIABILITIES AND CHARGESEmployer Pensions Job Total& PublicEvaluationliabilityclaims£ £ £ £At 1 April 2001 898,118 2,350,174 727,064 3,975,356Expenditure in the period -262,355 0 -727,064 -989,419Transferred from Income and Expenditure Account 485,388 230,393 521,902 1,237,683At 31 March 2002 1,121,151 2,580,567 521,902 4,223,620As directed by the Department of Education, with the consent of the Department of Finance and Personnel, aprovision has not been included in the Board accounts for future liabilities in respect of existing teacher prematureretirement cases. It is agreed that any assessment of future financial liabilities in this regard should be reflectedin the Teachers’ Superannuation Account (part of the Departmental accounting structure). The in year charge inrespect of such cases as well as the requisite employer superannuation contributions is charged to the Board’sincome and expenditure account. In that respect the number of teacher premature retirement compensationcases is as follows:2002 £ 2001 £2001/02 51 83Cumulative 489 43818. DEFERRED INCOME - DEFERRED GRANTSDepartment Other TotalSources£ £ £At 1 April 2001 - - -Cash received - - -At 31 March 2002 - - -19. INCOME AND EXPENDITURE RESERVE£At 1 April 2001 1,591,306Deficit Grant received from Department of Education 1,142,181Amount transferred (to)/from Income and Expenditure Account (1,176,945)Transfer (to)/from School Reserve (230,064)Transfer (to)/from Grant Reserve (1,099,980)Transfer(to)/from Government Grant Reserve (37,275)Transfer (to)/from Donated Asset Reserve -At 31 March 2002 189,22354 Annual Report 2001~ 2002