Hartpury Annual Report July 2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

18. Capital and other commitments

Group and University

2025 £

2024 £

740,000

Commitments contracted for at 31 July

4,330,659

19. Lease obligations

At 31 July the University had minimum lease payments under non-cancellable operating leases as follows:

Group and University

2025 £

2024 £

Future minimum lease payments due

Land and Buildings Not later than one year Later than one year and not later than five years Later than five years

59,054 236,214 246,056

59,054 236,214 305,109

541,324

600,377

Other Not later than one year Later than one year and not later than five years Later than five years

259,816 329,643 813

225,829 264,482 -

590,272

490,311

20. Defined benefit obligations

The Group’s employees belong to two principal post-employment benefit plans: the Teachers’ Pension Scheme England and Wales (TPS) for academic and related staff, and the Gloucestershire Local Government Pension Scheme (LGPS) for non-teaching staff, which is managed by Gloucestershire County Council. Both are multi-employer defined benefit plans.

2025 £

2024 £

Total pension costs for the year

3,060,014

Teachers’ Pension Scheme: Contributions paid

2,605,741

Local Government Pension Scheme:

Contributions paid

2,536,907

2,642,312

FRS102 charge

(761,000)

(676,000)

1,775,907

Charge to Statement of Comprehensive Income

1,966,312

Enhanced pension charge to Statement Comprehensive Income

-

-

4,835,921

Total Pension Costs for Year within staff costs

4,572,053

Contributions amounting to £616,489 (2024: £609,819) were payable to the schemes at 31 July 2025 and are included in Group creditors. 64