Defined benefit costs recognised in income or expenditure
2024 £’000 (2,921)
2023 £’000
Cessation of defined benefit scheme
–
Expenses
– –
378 223 601
Net interest cost
Defined benefit costs recognised in income and expenditure account
(2,921)
Defined benefit costs recognised in other comprehensive income
2024 £’000
2023 £’000 (7,059) (2,847)
Return on scheme assets (excluding amounts included in net interest cost) - (loss) Experience gains and losses arising on the scheme liabilities - (loss) Effects of changes in the demographic and financial assumptions underlying the present value of the scheme liabilities - gain
– – – – –
19,249
Effect of asset ceiling
(754)
Total amount recognised in other comprehensive income - gain
8,589
25.4 Reconciliation to the balance sheet - Group
2024 £’000
2023 £’000
Net assets Net assets excluding pension liability
592,300
591,963
Pension liability
–
–
Net assets including pension liability Reserves Revenue reserve excluding pension liability
592,300
591,963
538,681
538,395
Pension liability
–
–
Revenue reserve including pension liability
538,681
538,395
26. Share capital
Association
At 1 April 2023
8
Cancelled during the year
(1)
Issued in the year
2 9
Cost at 31 March 2024
A share is issued to each Board member on their appointment and cancelled when they leave the Board. During the year, Board member Richard Petty stepped down, and two new members joined: Elizabeth Froude and Fred Angole.
106 Anchor Hanover Group Annual Report & Financial Statements 2024
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