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||||||||Page|
|---|---|---|---|---|---|---|---|
|Reference and administrative|details ofthe company,||Its trustees||and advisers|||
|Trustees'<br>report Incorporating|the strategic report||||||2 —16|
|Independent<br>auditor's<br>report|||||||17 —20|
|Consolidated<br>statement<br>offinancial||activities lincorporating||consolidated||Income|21|
|and expenditure<br>account)||||||||
|Consolidated<br>balance sheet|||||||22|
|Company<br>balance sheet|||||||23|
|Consogdated<br>cash flow statement|||||||24|
|Notes to the financial<br>statements|||||||25-45|





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|ncluded<br>with|in<br>the net movemen|t<br>in Funds<br>Eor. the year are the F|ollowing one-oFF non|
|---|---|---|---|
||||/;,000|
|Net income|and net movement|in Funds for the year|(18,323)|
|COVID secure implementation||costs|410|
|Divesunent|costs||6,272|





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|Streamlined<br>energy and carbon reporting|Streamlined<br>energy and carbon reporting|||||
|---|---|---|---|---|---|
|UI( Greenhouse<br>gas emissions<br>and energy use dam||for the period||1Januar& to 31 December||
|||||2020|2019|
|Energy consumption|used to calculate enussions|(kWh)||69,794,667|149,339,265|
|Energy consumption|break down (kWh):|||||
|gas||||51&508)579|106,651,771|
|electricity||||17&920,847|42,129,261|
|ttansport<br>fuel||||365,242|558,233|
|Scope 1 emissions<br>in|metric tonnes CO2e|||||
|gas consumption||||9&470|19,608|
|fugitive Emissions||||nil|nil|
|Total scope I||||9&470|19,608|
|Scope 2 emissions<br>in|metric tonnes CO2e Purchased||electricity|4,178|11,682|
|Scope 3 emissions<br>in metric tonnes CO2e Business<br>employee<br>owned<br>vehicles|||rravel in|725|130|
|Total gross emissions|m metric tonnes CO2e|||14&372|51,029|
|Intensity<br>ratio||||||
|Tonnes CO2e per leisure centre visit||||0.0030|0.0034|





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2020|2020|2020|2019|
|||||$000|$000|$000|QENO|
|Income:||||||||
|Income From charitable|activities:|||||||
|Community<br>sports services|||3|35,442||35&442|85,696|
|Investment<br>income|||4|2||2|4|
|Donation income|||5||13)251|13)251|729|
|Total income||||35,444|13,251|48,695|86,429|
|Expenditure<br>on:||||||||
|Expenditure<br>on charitable||activities:||||||
|Operadon<br>oFcommunity|sports services||6|53,626|13)251|66,877|85,039|
|Total expenditure||||))6 6|13451|~66 877|85,039|
|Net income and net movement<br>in funds||||(18)182)||(18)182)|1,390|
|for the year||||||||
|Actuarial<br>gosses)/gains|on|defined benefit||(141)||(141)|(29)|
|pension schemes||||||||
|Net movement<br>in funds||||(18,323)||(18,323)|1,361|
|Reconciliation offunds:||||||||
|Total Funds brought<br>Eomard||||14,453||14,453|I3,092|
|Total funds carded forward||||3870||~3&870|14,453|





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|As at 31Decemb|er 2020||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2020||2019||
|||||||Note|$000|$000|F000|I;000|
|Fixed assets|||||||||||
|Intangible<br>assets||||||||588||805|
|Tangible assets||||||12||22,899||33,254|
|||||||||23,487||34,059|
|Cunent<br>assets|||||||||||
|Stocks|||||||||184||
|Debtors||||||15|3,157||||
|Cash at bank and|in hand||||||6 4||1,317||
|0 61:<br>10' gd<br>Net current assets/(liabilities)|||'d'||*y.|1|8,831<br> ~65|2,574|5,041<br>~6286|~45|
|Total assets less|current liabilities|||||||26,061||32,814|
|Creditors: amounts<br>falluig due afier one <br>Accruals and defened income<br>Net assets excluding pension liability|||||year|17<br>18||(20,895)<br>~8,331<br>(3,165)||(11,491)<br>~6,395<br>14,928|
|Defined benefit pension<br>scheme|||liaiiility|||||(705)||(475)|
|Net assets including<br>pension|||liability|||||||14,453|
|Charity Funds|||||||||||
|Restricted<br>funds|||||||||38||
|Unrestricted<br>funds:|||||||||||
|Unrestricted<br>funds <br>Pension reserve|excluding|pension||liability||(3,165)<br>~05|||14,890<br>~475||
|Total unrestricted<br>funds<br>Total funds ofthe group||||||||~5ZQl|||





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||||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Note||$000|$000|$000|$000|
|Fixed assets|||||||||||
|Intangible<br>assets|||||11|||475||602|
|Tangible<br>assets<br>Invesnnents|||||12<br>13|||22,495<br>~72||32,898|
|||||||||23,699||34,288|
|Current assets|||||||||||
|Stocks|||||||||157||
|Debtors<br>Cash at bank and in hand|||||15|3&531<br>~5027|||3,574<br>~12||
|Creditors: amounts<br>falling <br>Net assets/(liabilides)|due|within|one year||16|8&558<br> ~0||~1|4,883||
|Total a88ets le88 current|liabilities|||||||26&217||32,514|
|Ctcditors: amounts<br>falling|due|after one year|||17|||(20&835)||(11,360)|
|Accruals and deferred inconie|||||18|||||5222|
|Net assets excluding pension liability||||||||(2&951)||14,759|
|Defmed benefit pension<br>scheme liabiTity<br>Net assets including<br>pension liability|||||||||~28||
|The funds ofthe charity|||||||||||
|Restricted Funds|||||||||||
|Unrestricted<br>funds;|||||||||||
|Unrestricted<br>funds excluding||pension|liabiTity||||(2&951)||14,759||
|Pension reserve|||||||705||||
|Total unrestricted<br>funds||||||||3&656||14,284|
|Total chadty 1'unde||||||||3&656||14,284|
|The financial statements|were|approved||by the|Tmstees|on|atgH~|2021 and signed on their behalf||by Mike|
|Nelson.|||||||||||
|The notes on pages 25 to 45||form part ofthese|||financial|statements|||||
|||||||23|||||





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## 

||||2020|2019|
|---|---|---|---|---|
|||Note|$000|$000|
|Cash flows from operating<br>actlvlties|||||
|Net cash provided<br>by 6&perating activities||||3,255|
|Cash flov)s from investing<br>activities:|||||
|Cash acquired with reactive Life<br>Purchase<br>oFintangible<br>Fixed assets<br>Purchase oftangible hied assets<br>Proceeds front sale of fixed assets<br>Interest received<br>Cash infiows<br>from new iinance lease obligations<br>Interest paid<br>Net cash used in investing<br>activities|||(6)<br>(4)865)<br>3)022<br>2<br>~), 5 <br>~3,662|1,037<br>(63)<br>(10,100)<br>2,221<br>4<br>1,243<br> ~553<br>~62 )|
|Cash ilows from financing<br>activities:|||||
|Repayments<br>ofborrowings<br>Repayment<br>offlnance lease obligations<br>Cash inflows<br>From new loans|||(3,992)<br>(434)|(1,360)<br>(295)|
|Net cash provided/(used)<br>by Bnancing activities|||8 885|C&93|
|Change in cash and cash equivalents|in the year||4,357|(2,291)|
|Cash and cash equivalents<br>brought<br>Fonvard|||1&317|3,608|
|Cash and cash equivalents<br>carded forward|||5,674|1,317|





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||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||$000|L000|
||Community|spons services|35,442|85,696|
|4.|Investment|income|||
||||2020|2019|
||||$000|$000|
||Deposit account mterest||2|4|
|5.|Donation Income||||
||||2020|2019|
||||If000|$000|
||Donatiou Income||13,251|729|



## 

|Summary|by exp|enditure<br>t|ype|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Staff|costs|Support|Dhect|Fixed|Total|Total|
|||||$000|costs|costs|asset|funds|funds|
||||||$000|$000|disposal|2020|2019|
||||||||$000|$000|/'000|
|Conmnlnity|sports|service||30&888|28&995|1,437|5,557|66,877|85,039|





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## 

|Analysis of support|and governance|costs||||
|---|---|---|---|---|---|
|||General|Governance|Total|Total|
|||support|function|2020|2019|
|||$000|$000|$000|$000|
|ITcosts||1,318||1&318|1,895|
|Finance costs||1)664||1,6G4|959|
|Marketing<br>materials||637||637|1,392|
|Administration||7&190||7&190|6,872|
|Other staff rehted costs||442||442|9G4|
|Facilities management|costs|10,845||10&845|21,373|
|Amotxisation||195||195|193|
|Depreciation||6&6G7||6&667|6,807|
|Audiror Fees|||36|36|36|
|Ttustee expenses|||||1|



## 

|his is stated after charging||||
|---|---|---|---|
|||2020|2019|
|||$000|$000|
|Divestment<br>costs||6&,272||
|COVID secure implementation|costs|410||
|Staff restructuring<br>costs||1,860|45|
|Depredation<br>of tangible<br>fixed <br>- owned<br>by the group|assets:|6,667|6,714|
|Auditor's<br>remuneration:||||
|—Company<br>—Subsidiary<br>Amortisation<br>ofpre-contract<br>Atnornsation<br>ofgoodwill|costs|30<br>6<br>105<br>K|30<br>6<br>103|





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## 

||||||2020|2019|
|---|---|---|---|---|---|---|
||||||/„000|3F000|
|Wages and salaries||||26,680||37,141|
|Social security costs|||||1,437|2,050|
|Other pension costs|||||911|1,239|
|||||~E|||
|StaFf restructuring|costs||||1,860|45|
|||||30,888||40&475|
|he average numbet|ofpersons|employed|by die company|dunng|the year was as Follows:||
||||||2020|2019|
||||||No.||
||||||2&500||



|T|he n|umber|oflugher paid employees<br>was:|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||No.|No.|
|In|the|band|/;60,001 —/70,000|4|7|
|In|the|band|/70,001 —/;80,000|3|4|
|In|the|band|/;80,001 —/;90,000|1|2|
|In|the|band|/„'100,001 —/;110,000|2||
|In|the|band|/;110,001 —/;120,000|||
|In|the|band|/;120,001 —/;130,000|||
|In|the|band|/;150,001 —/;160,000|||
|ln|the|band|/„170,Nl1<br>—/„'180,000|||
|In|the|band|3F190,001-/;200,N(0|||
|In|the|band|/;210,001-&r220,000|||





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## 


|Expected return on|pension|scheme assets|
|---|---|---|
|Interest on pension|scheme|liabilities|



## 

|Intangible<br>fixed assets||||
|---|---|---|---|
||Pre contract|||
||costs|Goodwill|Total|
|Group|$000|$000|$000|
|Cost||||
|At 1January 2020|1,614|700|2,314|
|Additions|6||6|
|Disposals|(229)||(229)|
|At 31December 2020|~139||~2091|
|Amortlsation||||
|At 1January 2020|1,012|496|1,508|
|Charge for the year|105|90|195|
|Disposals<br>At 31December 2020|(201)<br>916|g5|(201)<br>~12|
|Cartying<br>amount||||
|At 31 December 2020||||
|At 31December 2019||||





## 

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## 

||Pre contract costs|
|---|---|
|Company|$000|
|Coat||
|At 1January 2020|1,614|
|Additions|6|
|Disposals|(229)|
|At 31December 2020|L321|
|Atnortisation||
|At 1January 2020|1,012|
|Charge for the year|105|
|Disposals|(201)|
|At 31 December 2020|916|
|Carrying<br>amount||
|At 31December 2020||
|At 31December 2019||



## 

|12.<br>Tangible fixed|assets||||||
|---|---|---|---|---|---|---|
||Leasehold<br>Improvements|Assets in<br>course of<br>construction|Motor<br>vehicles|Equipment|Computer<br>systems|Total|
|Group||$000|$000|$000|$000|$000|
|Cost|||||||
|At IJanuary 2020|27,957|8,672||24,669|3,054|64,354|
|Additions<br>Transfer ofassets|1,831|525||2,285|223|4,865|
|completed<br>in year|7,007|(7,007)|||||
|Disposals|(7,723)|(2006)||(4,632)||(14,361)|
|At 31December 2020|29,072|||22222,|||
|Depreciation|||||||
|At 1January 2020|12,764||I|16,100|2,237|31,102|
|Chnge<br>for. the year<br>Disposals|2,641<br>(3,039)||I|3,547<br>(2,770)|480|6,667<br>(5,809)|
|At 31December 2020|||2|~8|2212|~t|
|Nct book value|||||||
|At 31 December 2020|||||||
|At 31December 2019|||||||





## 

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## 

|t book va|lue ofas|sets held under finance leases or hne pu|rchase<br>contracts, included<br>above, are a|s follows:|
|---|---|---|---|---|
||||2020|2019|
|Group|||$000|$000|
|Land and|buildings||1&128|1,225|
|Furniture,|httings|and equipment|1&940|2,497|



||Leasehold<br>improvements|Assets in<br>course of<br>construction|Motor<br>vehicles|Equipment|Computer<br>systems|Total|
|---|---|---|---|---|---|---|
|Company|$000|$000|$000|$000|$000|3f000|
|Coat|||||||
|At 1 January 2020|27,817|8,672||24,395|3,054|Ci3,940|
|Additions|1,831|525||2,059|223|4,638|
|'fransfer ofassets|||||||
|completed<br>in year|7,007|(7,0071|||||
|Disposals|(7,723)|(2,006)||(4,Ci32)||(14,361)|
|At 31 December 2020||||~122|||
|Depreciation|||||||
|At 1January 2020|12,722||1|16,079|2,239|31,041|
|Charge<br>For. die year.<br>Disposals|2,553<br>(3,039)||1|3,457<br>(2,770)|480|6,491<br>-5,809|
|At 31 December 2020|12236||2|16766|2719|31721|
|Net book value|||||||
|At 31 December 2020|||||||
|At 31 December 2019|||||||





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## 

|||2020|201&)|
|---|---|---|---|
|Company||$000|&6000|
|Land and|buildings|1&128|1&225|
|Furtuture,|fittings and equipment|1661|2~|



## 

|Investments|ln subsidiaries||
|---|---|---|
|||Shares ln|
|||g oup|
|||undertakings|
|Company||$000|
|Cost|||
|At 1January|2020|788|
|Imps'ument||(59)|
|At 31 December 2020||729|



## 

|Prlnclpel||subsidiary||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Percentage||(Loss)||Net Assets|
|Company||name||Country|Shareholding|Description|2020||2020|
||||||||$000||$000|
|VitginActiveManagetuent|||Linuted|England|1002&|Spons and leisure||||
|liegistered||number: 02353684||||facilitics||nil|nil|
|Active Life||||England|100%|Sports and leisure||||
|Registered||number: 04376721||||facilities|(383)||370|
|Debtors||||||||||
||||||Grou||Com|an||
||||||2020|2019|2020||2019|
||||||$000|$000|$000||F000|
|Trade debtors|||||965|662|965||662|
|Amounts|owed by group||undertakings||||373||61|
|Other debtors|||||408|1,053|408||1026|
|Prepayments||and accrued|income||1,784|1,825|1,784||1,825|
||||||3&157|3,540|3530||3,574|
||||||36|||||



## 



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||||Grou||Com|an||
|---|---|---|---|---|---|---|---|
||||2020|2019|2020||2019|
||||$000|g;000|$000||$000|
|Other loans|||1&065|1,395|1,015||1,345|
|Net obligations|under|Rnance leases and||||||
|hire purchase|contracts||1&007|1,196|952||1,135|
|Trade creditors|||2&640|2,576|2&640||2,540|
|Amounts<br>owed|to group undertakings||||||653|
|Other taxation|and social security||1)487|490|1&378|||
|Other creditors|||58|629|55||542|
||||6&257|6,286|6,040||6,657|



## 

## 

|Creditors: A|m|ounts<br>falling due after mor|e than one year|||||
|---|---|---|---|---|---|---|---|
||||Grou||Com|an||
||||2020|2019|2020||2019|
||||$000|$000|$000||$000|
|Other loans|||19,774|10,126|19,761||10,076|
|Net obligations||under gnance leases and||||||
|hire purchase|contracts||1&121|1,365|1)074||1,284|
||||20&895|11,491|20,835||11,360|



|Other loa|ns ate repayable<br>as follo|ws;|||||
|---|---|---|---|---|---|---|
|||Grou||Com|an||
|||2020|2019|2020||2019|
|||$000|$000|$000||$000|
|Less than|1 year|1&065|1,395|1,015||1,345|
|2 to 5 years||14,750|3,394|14&737||3,344|
|Over 5 years||5&024|6,732|5)024||6,732|
|Total||20&839|11521|20&776||11,421|





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## 

|||Grou||Com|an||
|---|---|---|---|---|---|---|
|||2020|2019|2020||2019|
|||$000|$000|$000||&F000|
|Less than|1 year|1&007|1,196|952||1,135|
|2 to 5 years||1&121|1,365|1,074||1,284|
|Over 5 years|||||||
|Total||2,128|2,561|2,026||2,419|



## 

|||Grou||Com|an||
|---|---|---|---|---|---|---|
|||2020|2019|2020||2019|
|||$000|$000|$000||$000|
|Accmals||7&973|5,974|7,973||5,974|
|Deferred|income|358|421|358||421|
|||8 331|6,395|8331||6,395|





## 

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## 

|.<br>Stateme|nt<br>o|f Funds||||||
|---|---|---|---|---|---|---|---|
|Group|||Brought|Income|Expense|Gains/|Carded|
||||Forward|||(Losses)|Forward|
||||&F000||/„'000|$000|$000|
|Unrestricted|funds|||||||
|General Funds||- all|14,890|35,444|(53,499)||(3&165)|
|Pension reserve|||(475)||(89)|(141)|(705)|
|Restdcted ftmds|||38|13,251|(13,289)|||
||||14,453|48,695|66,87|141|3,870|
|Company|||Brought|Income|Expense|Gains/|Carried|
||||Fonvard|||(Losses)|Forward|
||||$000||/„'000|$000|$000|
|Unrestricted|funds|||||||
|General Funds||- all|14,759|33,165|(50,875)||(2&952)|
|Pension rcscrvc|||(475)||(89)|(141)|(705)|
|Restricted|funds|||12,125|(12,125)|||
||||14,284|45,290|63089|141|3&65|



## 

|Reconciliation<br>of n|et|move|ment<br>in funds t|o net cash flow fro|m operating<br>activities||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||$000|$000|
|Net incoming<br>resources before|||other recognised|gains/losses|(18&323)|1,390|
|Actuaual<br>adjustments|in relation to degned benefit scheme||||230|148|
|Intcrcst received|||||(2)|(4)|
|Interest paid|||||1&215|347|
|Amottisation<br>ofintangible||fixed assets|||195|193|
|Depreciation<br>oftangible||fixed|assets||6,667|6,714|
|Disposal ofassets|||||5&557|(2,113)|
|Active Life giFt||||||(729)|
|Decrease in stocks|||||184|5|
|Decrease in debtors|||||383|226|
|Increase in creditors|||||2&428|2,922|
|Net cash used in operating|||activities||1&466|3,255|





## 

## 

## 

||||2020|2019|
|---|---|---|---|---|
||||$000|ir000|
|Cash|in|hand|5&674|1,317|
|Total|||5 674|1,317|



## 

|Analysis ofchanges<br>ln|net debt|||||
|---|---|---|---|---|---|
||31.12.2019|Cash Flows|Non-Cash|Changes|31.12.2020|
||||New|Other||
||||Finance|Non-Cash||
||||Leases|Changes||
|Cash in hand<br>Debt due lvtthin onc year<br>Debt due greater than<br>one year.|1,317<br>(2,591)<br>(11,491)<br>,7 3|4,358<br>732<br>(9,069)<br> ~3,979|(213)<br>(425)<br> ~6||5,675<br>(2,072)<br>(20,985)|



## 

## 

|Total future miiumum<br>lease payments<br>under non-cance|llable<br>leases.||
|---|---|---|
||2020|2019|
||$000|/'000|
|Expiring:|||
|within<br>1 year|192|192|
|benveen one and five years|804|797|
|in more than 5 years|13,342|13,571|
|Torsi|14&338|14,530|



## 



## 

## 

## 

|The amounts<br>recognised|in the Balance sheet are as follows:|||
|---|---|---|---|
|||2020|2019|
|||$000|$000|
|Present value offunded|obligations|6,114|5,431|
|Fair value ofscheme assets||5255|4,895|
|Deficit in schemes||(859)|(536)|
|Surplus not recognised|in Viqyn Active Management|69|162|
|||(928)|(698)|
|Indemnity||223|223|
|Net liabilitl||705|475|



|The amounts<br>re|cognised<br>in the Statement of financial<br>activit|ies are as Follows;||
|---|---|---|---|
|||2020|2019|
|||$000|$000|
|Sendce cost||(33)|(90)|
|Interest on obhgation||(14)|(14)|
|Administrauon|expenses|(42)|(44)|
|Fxpected return <br>Total|on scheme assets|(89)|(148)|





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|lvlovements<br>in the present value ofthe defined benefit obligation<br>were|as Follows:||
|---|---|---|
||2020|2019|
||$000|$000|
|Opening defined benefit obligation|5&431|4,671|
|Interest cost|113|133|
|Contributions<br>by scheme participants|5|8|
|Actuarial losses|1&132|879|
|Benefits paid|(163)|(48)|
|Past Service Costs|||
|Experience<br>Gain on defined benefit contribution|(437)|0|
|Cunent<br>service cost|33|46|
|Change in demographic<br>assumptions||(302)|
|Closing defined benefit obligation|||
|Changes<br>in the fair value ofscheme assets were as follows:|||
||2020|2019|
||$000|$000|
|Opening<br>Fair value oFscheme assets|4,895|4&266|
|Expected return<br>on assets|19||
|Contributions<br>by employer|90|114|
|Conuibutions<br>by scheme participants|5|8|
|Admin expenses|(49)|(43)|
|Interest costs|80|97|
|Rerum on assets|362|479|
|Benefits pmd|(163)|(48)|
|Other actuarial<br>gains / (tosses)|16|0|





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|The major ca|tegories ofscheme assets as a percentag|e oftorsi scheme assets are as follows:||
|---|---|---|---|
|||2020|2019|
|Fx)uities||60.1%|66.9%|
|Property||8,1%|11.5%|
|Government|bonds|0.5%|0.7%|
|Cash and other assets||104%|11.5%|
|Other bonds||20.9'/o|9.5%|
|||100.0%|100.0%|



|Principal|actuaria|l<br>assumptio|ns<br>at the Balance sheet date (expressed|as weighted<br>avenges):||
|---|---|---|---|---|---|
|||||2020|2019|
|Discount|rate at|31December||1.33'/s|2.05%|
|Expected|return|on scheme|assets at 31December|1.33%|2.05%|
|Future salary tncreases||||325%|3.45%|
|Future pension||increases||2.73%|2.65%|
|Inflanon|(CP))|||2.35%|2.10%|
|Assumed|life expectations||from age 65 are;|2020||
|||||years|yeats|
|Retiring|today.||Ivtates|21.9|23.1|
||||Females|24.0|25.2|
|Retiring|in 20 years:||Males|23.3|25.4|
||||Females|25.5|27.6|





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|||2020|2019|2018|2017|2016|
|---|---|---|---|---|---|---|
|||$000|g;000|/'000|$000|/'000|
|Defined benefit obhgation||(6&114)|(5,431)|(4,671)|(5,269)|(5,641)|
|Schenie assets||5,255|4,895|4,266|4,395|4,009|
|Surplus not recngnised|in||||||
|Virgin Active Management||(69)|(162)|(116)|(78)||
|Deficit<br>Experience adjustments|on|(928)|(698)|(521)|(952)|(1,632)|
|scheme liabilities<br>Experience adjustments|on|(437)|||(688)||
|scheme assets|||||||



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