Hartpury Annual Report July 2025

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

2025 £’000

2024 £’000

Amounts recognised in Other Comprehensive Income

1,810 354 (2,944)

Return on pension plan assets Experience losses arising on defined benefit obligations Changes in assumptions underlying the present value of plan liabilities

2,083 (1,140) (1,635)

Amount recognised in Other Comprehensive Income

(780)

(692)

2025 £’000

2024 £’000

Movement in net defined benefit (liability)/asset during the year

Net defined benefit (liability)/asset in scheme at 1 August

-

-

Movement in year:

(1,926) 2,687 - 19 (780)

Current service cost Employer contributions Past service cost Net interest on the defined (liability)/asset Actuarial gain or loss

(1,973) 2,649 - 16 (692)

Net defined (liability)/asset at 31 July

-

-

Asset and Liability Reconciliation

2025 £’000

2024 £’000

Changes in the present value of defined benefit obligations

Defined benefit obligations at the start of the period

45,193

38,232

1,926 1,766 756 (354) 129 3,360 (517)

Current service cost Interest Cost Contributions by Scheme participants Experience gains and losses on defined benefit obligations Changes in demographic assumptions Changes in financial assumptions Estimated benefits paid Past service cost Curtailments and settlements

1,966 1,613 711 1,140 (69) 2,058 (465)

- -

7 -

Defined benefit obligations at end of period

52,259

45,193

Changes in fair value of plan assets

Fair value of plan assets at the start of the period

45,193

38,232

2,330 1,810 2,687 - 756 (517)

Interest on plan assets Return on plan assets Employer contributions Experience gains and losses on defined benefit assets Contributions by Scheme participants Estimated benefits paid

1,983 2,083 2,649 - 711 (465)

Fair value of plan assets at end of period

52,259

45,193

67