Statement of Movements in Reserves

2003/04

2004/05

£'000

£'000

£'000

Surplus for the year

0

Revenue Account

785

0

Earmarked reserves (see notes to revenue account)

4,301

Total increase in revenue resources

5,086

-95

Increase/decrease(-) in useable capital receipts

42

0

Increase/decrease(-) in unapplied capital grants

0

and contributions

-95

Total increase/decrease in realised capital

42

resources (note 1)

0

Gains/losses on revaluation of fixed assets

0

0

Impairment losses on fixed assets due to

0

general changes in prices

0

Total increase/decrease in unrealised

0

value of fixed assets (note 2)

-10

Value of assets sold, disposed of or

-27

decommissioned (note 3)

547

Capital receipts set aside

0

-1,224

Revenue resources set aside

-1,243

-677

Total increase/decrease in amounts set aside

-1,243

to finance capital investment (note 4)

-3,030

Net actuarial loss relating to pensions (note 5)

-54,260

-3,812

Total recognised gains and losses

-55,488

Notes to the Statement of Movements in Reserves

1. Movements in realised capital resources

Useable Capital Receipts

2003/04

2004/05

£'000

£'000

Amounts receivable during the year

452

42

Amounts applied to finance new capital

-547

0

investment during the year

Total increase/decrease in realised

-95

42

capital resources

Balance brought forward at 1 April

95

0

Balance carried forward at 31 March

0

42

The useable capital receipts reserve is a cash-backed reserve.

Fixed Asset Restatement Account

2003/04

2004/05

£'000

£'000

2. Movements in unrealised value of fixed assets

Gains/losses on revaluation of fixed assets

during the year

0

0

Impairment losses on fixed assets due to

general changes in prices

0

0

Total increase/decrease in unrealised

0

0

capital resources

3. Value of assets sold, disposed of or

decommissioned

Amounts written off fixed asset balances for

disposals in year

10

27

Total movement on account during year

10

27

Balance brought forward at 1 April

-56,864

-56,854

Balance carried forward at 31 March

-56,854

-56,827

The fixed asset restatement account relates to the valuation of existing capital assets and is

therefore not cash-backed.

Notes to the Statement of Movements in Reserves continued...

4. Movements in amounts set aside to finance capital investment

Capital Financing Account

2003/04

2004/05

£'000

£'000

Capital receipts set aside in year:

- reserved receipts

0

0

- useable receipts applied

547

0

Total capital receipts set aside during year

547

0

Revenue resources set aside in year:

- capital expenditure financed from revenue

19

0

- reconciling amount for provisions for loan

repayment

-1,243

-1,243

Total revenue resources set aside during year

-1,224

-1,243

Total movement on account during year

-677

-1,243

Balance brought forward at 1 April

-2,079

-2,756

Balance carried forward at 31 March

-2,756

-3,999

The capital financing account relates to the financing of existing capital assets and is therefore

not cash-backed.

5. Movements in the pension reserve

The actuarial gains and losses identified as movements on the Pensions Reserve can be analysed

into the following categories measured as absolute amounts and as a percentage of assets or

liabilities as at 31 March 2005.

Local Government

Firefighters'

Pension scheme

Pension Scheme

£000

%

£000

%

scheme assets/liabilities

scheme assets/liabilities

Differences between the expected

and actual return on assets

450

3.9

-

-

Differences between actuarial

assumption about liabilities and

910

4.7

-140

-0.1

actual experience

Changes in assumptions underlying

the present value of pension liabilities

-3,620

0.1

-51,860

-16.6

-2,260

-52,000

Comparative totals for 2003/04

800

-3,830