TRUSTEES' REPORT AND ACCOUNTS 2024 83
Period to
31 Dec 2024
£'000
Period to
31 Dec 2023
£'000
26. Pensions continued
Remeasurements over the period
Loss/(gain) on assets in excess of interest 24,833 4,072
Experience losses/(gains) on liabilities (135) 7,446
Losses/(gains) from changes to demographic assumptions (320) (3,618)
Losses/(gains) from changes to financial assumptions (26,701) 1,530
Total remeasurements (2,323) 9,430
Change in value of the assets
Fair value of assets at start 207,137 206,841
Interest on assets 9,367 9,800
Company contributions 2,004 2,004
Benefits paid (9,117) (7,436)
Return on assets less interest (24,833) (4,072)
Fair value of assets at end 184,558 207,137
Actual return on assets (15,466)
Change in value of the DB liabilities
Value of liabilities at start 225,856 217,662
Interest on liabilities 10,182 10,272
Benefits paid (9,117) (7,436)
Experience (gain)/loss on liabilities (135) 7,446
Changes to demographic assumptions (320) (3,618)
Changes to financial assumptions (26,701) 1,530
Value of liabilities at end 199,765 225,856