accord_fs_2020_JD_FINAL | Page 40

38 | Accord Housing Association
Statement of Changes in Reserves as at 31 March 2020
Income and expenditure reserve
£ 000s
At 1 April 2018
147,529
Surplus for the year
10,253
Actuarial gain in respect of pension schemes
( 4,110 )
In year actuarial movement of pension scheme
( 2,474 )
As at 31 March 2019
151,198
At 1 April 2019
151,198
Surplus for the year
13,945
In year actuarial movement of pension scheme
7,245
As at 31 March 2020
172,388
The notes on pages 40 to 72 form part of these financial statements .