13. Staff costs and numbers (continued)
Due to the start date of the Chief Executive Officer, the Chief Financial Officer was the highest paid employee in 2023 (2022: highest paid employee was the
Chief Executive Officer).
Retirement benefits are accruing under defined benefit schemes for 24 (2022: 20) higher paid employees. Contributions totalling £1,171,000 (2022: £819,000) were made to
stakeholder schemes for 231 (2022: 164) higher paid employees. Higher paid employees are those disclosed as earning over £60k as outlined above.
The quarterly average number of staff employed during the year was 2,019 (2022: 1,785) which includes 398 part time staff (2022: 371).
The average number of full time equivalent (FTE) staff employed during the year was 1,914 (2022: 1,687).
The average FTE is analysed by function as follows:
2023 2022
No. No.
Raising income 633 572
Charitable activities 1,281 1,115
1,914 1,687
14. Tangible assets
The Group and Charity Assets not yet
brought into use
Leasehold
property
Leasehold
property
improvements
Motor
vehicles
Computer
equipment
Furniture and
equipment Total
£'000 £'000 £'000 £'000 £'000 £'000 £'000
Cost
At 1 January 2023 - 7,096 1,703 14 767 1,274 10,854
Additions in the year 264 - - - - - 264
Disposals in the year - - (306) (14) (89) (280) (689)
At 31 December 2023 264 7,096 1,397 - 678 994 10,429
Accumulated depreciation
At 1 January 2023 - 901 1,346 - 763 1,135 4,145
Charge for the year - 143 307 - 4 91 545
Disposals in the year - - (306) - (89) (280) (675)
At 31 December 2023 - 1,044 1,347 - 678 946 4,015
Net book value
At 31 December 2023 264 6,052 50 - - 48 6,414
At 31 December 2022 - 6,195 357 14 4 139 6,709
Capital commitments as at 31st December 2023 totalled £nil (2022: £nil). No fixed asset impairments were processed during 2023 (2022: Impairment to motor vehicle assets of
£36k due to market conditions). The balance for assets not yet brought into use as at 31st December 2023 relates to computer equipment that was purchased in 2023 but had not
been brought into use as at 31st December 2023.
108
Environmental, social
and governance review
Financial review
Strategic report
Overview
Financial statements
Thank you