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Pension Fund Account
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Pension Fund Account for the Year Ended 31 March 2003
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2001/02
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2002/03
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£000
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Notes
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£000
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£000
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Contributions and Benefits
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59,171
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Contributions Receivable
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3
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66,239
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13,145
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Transfers in
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4
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15,856
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72,316
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82,095
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(44,766)
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Benefits payable
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5
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(46,411)
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(15,145)
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Leavers
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6
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(11,499)
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(771)
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Administration Expenses
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7
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(922)
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(60,682)
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58,832
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11,634
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Net additions (withdrawals) from dealings with members
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23,263
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Returns on investments
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33,164
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Investment income
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8
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30,190
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(22,767)
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Change in market value of investments
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9
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(302,546)
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(2,626)
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Investment management expenses
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11
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(2,670)
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7,771
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Net returns on investments
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(275,026)
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19,405
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Net increase/(decrease) in the fund during the year
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(251,763)
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Net assets of the scheme
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1,325,058
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At 1 April
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1,344,463
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1,344,463
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At 31 March
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1,092,700
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Statement
of Accounts Contents
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further information
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Last Updated:
17 September 2003
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