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Annual Report

SLGPSAB Annual Report 2019/20

Scheme Financial Statement

Fund Account

2018/2019
Dealings with members, employers and others directly involved in the Scheme (£000s)
2019/2020
Contributions and Benefits
1,349,521
Contributions
1,440,450
32,919
Transfers in from other pension funds
53,950
705
Other income
729
1,383,145
1,495,129
-1,369,965
Benefits
-1,484,737
-84,326
Payments to and on account of leavers
-90,384
-14,991
Administration expenses
-6,545
-6,052
Oversight and Governance expenses
-1,303
-1,475,334
-1,582,969
-92,189
Net additions from dealings with members
-87,840

Returns on investments
776,422
Investment income
867,908
-18,390
Taxes on income
-14,521
2,542,920
Profits and losses on disposal of investments and changes in the market value of investments
-2,681,741
-222,230
Investment management expenses
-223,441
3,078,722
Net return on investments
-2,051,795
2,986,533
Net increase in the net assets available for benefits during the year
-2,139,635

45,433,470
Net Assets of the Fund as at 1 April (2019 restated)
48,420,003
48,420,003
Net Assets of the Fund as at 31 March
46,280,368

6.6%
Net Return
-4.3%
7.0%
Return on investment (excluding expenses)
-3.9%

Net asset statement

2018/19
Investment Assets (£000s)
2019/20
2,267,418
Bonds/Gilts
1,967,008
16,628,442
Equities
10,341,162
15,939,590
PIVs
19,297,581
894,810
Property PIVs
860,772
3,247,199
Property
3,294,756
4,895,285
Private equity
5,852,142
-1,358
Derivatives
7,998
1,251,778
Other
900,761
626,710
Other balances
1,273,200
2,559,777
Cash deposits
2,243,339
48,309,650
46,038,719
0
Investment Liabilities
0
7,786
Non current assets
7,786
-47,125
Non current liabilities
-47,125
406,198
Current Assets
406,198
-125,210
Current Liabilities
-125,210
48,551,299
Net assets of the fund available to fund benefits at the period end
46,280,368