| Liabilities: | Liabilities at 1 April 2024 £000's | Movement In Year £000's | Liabilities at 31 March 2025 £000's | Movement In Year £000's | Liabilities at 31 March 2026 £000's |
|---|
| Ealing Schools' 1 PFI - Ealing Schools' Partnership Ltd | (12,010) | (7,494) | (19,504) | 1,904 | (17,600) |
|---|
| Ealing Schools' 2 PFI - Seafort Ealing Ltd | (26,820) | (771) | (27,591) | 2,440 | (25,151) |
|---|
| Street Lighting PFI - EDF / Southern Electric | (9,824) | 873 | (8,951) | 1,608 | (7,343) |
|---|
| Resource Centre for Older People PFI - Ealing Care Alliance | (18,131) | (3,771) | (21,902) | 723 | (21,179) |
|---|
| Building Schools for the Future - Future Ealing Limited | (22,384) | (3,608) | (25,992) | 4,375 | (21,617) |
|---|
| Total | (89,169) | (14,771) | (103,940) | 11,050 | (92,890) |
|---|
As part of the terms and conditions of employment of its officers, the council makes contributions towards the cost of post-employment benefits. Although these benefits will not actually be payable until employees retire, the council has a commitment to make the payments (for those benefits) and to disclose them at the time that employees earn their future entitlement.
At 31 March 2026, the council's principal pension arrangement for its employees was the Ealing Pension Fund, which is part of the Local Government Pension Scheme (LGPS). The LGPS is a funded defined benefit pension arrangement for local authorities and related employers and is governed by statute (principally now the Local Government Pension Scheme Regulations 2013).
The pension scheme is operated under the regulatory framework for the Local Government Pension Scheme and the governance of the scheme is the responsibility of the Pension Fund Panel and the Pensions Board. Policy is determined in accordance with the Pensions Fund Regulations.
The principal risks to the council of the scheme are the longevity assumptions, statutory changes to the scheme, structural changes to the scheme (such as large-scale withdrawals from the scheme), changes to inflation, discount rate, bond yields, market prices and the performance of investments held by the scheme.
These are mitigated to a certain extent by the statutory requirements to charge to the General Fund and HRA the amounts required by statute as described in the accounting policies note.