|
Fund Account
For the year ended 31 March 2011.
|
|
2011
£’000
|
2010
£’000
|
|
Contributions and benefits
|
|
|
|
Contributions receivable
|
49,347
|
49,088
|
|
|
49,347
|
49,088
|
|
Benefits payable
|
(223,354)
|
(220,449)
|
|
Payments to and on account of leavers
|
(4,497)
|
(4,560)
|
|
Administrative expenses
|
(6,362)
|
(4,905)
|
|
|
(234,213)
|
(229,914)
|
|
Net withdrawals from dealings with members
|
(184,866)
|
(180,826)
|
|
Returns on investments
|
|
|
|
Investment income
|
127,666
|
129,472
|
|
Change in market value of investments
|
168,695
|
368,977
|
|
Investment management expenses
|
(9,088)
|
(7,626)
|
|
Net returns on investments
|
287,273
|
490,823
|
|
|
|
|
|
Net increase in the fund during the year
|
102,407
|
309,997
|
|
|
|
|
|
Net assets of the scheme
|
|
|
|
At 1 April (start of year)
|
3,876,594
|
3,566,597
|
|
At 31 March (end of year)
|
3,979,001
|
3,876,594
|
|
|
