Page 50 - 2018-19_Annual_Report_and_Financial_Statements

DiOCESE OF CHICHESTER ACADEMY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
20
Pension and similar obligations
Changes in the fair value of the academy trust's share of scheme assets
At 1 September 2018
Assets acquired on conversion Interest income
Actuarial gain
Employer contributions Employee contributions Benefits paid
At 31 August 2019
Reconciliation of net expenditure to net cash flow from operating activities
Net expenditure for the reporting period (as per the statement of financial activities)
Adjusted for:
Net surplus on conversion to academy
Capital grants from DfE and other capital income Investment income receivable
Defined benefit pension costs less contributions payable Defined benefit pension scheme finance cost Depreciation of tangible fixed assets (lncrease)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operating activities
Commitments under operating leases
(Continued) 2019
4,672,000 333,000 151,000 251,000 740,000 172,000
(12,000) 6,307,000
21
22
At 31 August 2019 the total of the academy trust's future minimum lease payments under non-cancellable operating leases was:
Amounts due within one year Amounts due in two and five years
75,069 72,979
148,048
65,893 87,516
153,409
-47-
2019 ££
(335,492)
(57,764) (222,825) (1,459)
378,000 24,000 7,853
(2,022) 24,799
(184,910)
(272,885)
- (68,574) (1,244)
438,000 30,000
6,447' 56,657 11,460
199,861
2019 2018 ££
2018