Report and Financial Statements Adactus Housing Group Limited

Adactus Housing Group Limited 57Report and Financial statements for the year ended 31 March 2013Notes to the financial statementsAmounts for the current and previous four accounting periods2013£2012£2011£2010£2009££000 £000 £000 £000 £000Present value of schemeliabilities (1,929) (1,651) (1,580) (1,466) (1,273)Fair value of schemeassets 1,505 1,338 1,357 1,435 1,019Surplus/(deficit) onscheme (424) (313) (223) (31) (254)Experience adjustment onplan liabilities 1 (9) 107 - -Experience adjustment onplan assets 118 (68) (183) 307 (287)c. Lancashire County Pension Fund (LCPF)Chorley Community Housing Limited participates in the Lancashire County Pension Fund (LCPF). TheLCPF is a multi-employer defined benefit scheme under the regulations governing the Local GovernmentPension Scheme. This scheme is funded and is contracted out of the state scheme.There is an actuarial valuation of the LCPF every 3 years. The main purpose of the valuation is todetermine the financial position of the LCPF in order to determine the level of future contributionsrequired so that the LCPF can meet its pension obligations as they fall due.The last formal valuation of the LCPF was performed at 31 March 2010 by a professionally qualifiedactuary using the Projected Unit Method.The employer’s contributions to the LCPF by Chorley Community Housing Limited for the year ended 31March 2012 were £150,777 (2012: £125,943). The employer’s contribution for the year to 31 March 2013was 14.1% (2012: 14.1%). The employer’s contribution will be 14.1% from 1st April 2013 until 31stMarch 2014.