ANCHOR-R&A-2024-FNL-080824

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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