##
##
|||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative|details ofthe company,|its trustees||and advisers|||
|Trustees'
report incorporating|the strategic report|||||2 —15|
|Independent
auditor's
report||||||16 —19|
|Consolidated
statement
offinancial activities (incorporating|||consolidated||income|20|
|and expenditure
account)|||||||
|Consolidated
balance sheet||||||21|
|Company balance sheet||||||22|
|Consolidated
cash flow statement||||||23|
|Notes to the financial statements||||||24- 46|
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|K Greenhouse
gas e|missions
and energy use dat|a f|or the period 1|January to 31De|cember:|
|---|---|---|---|---|---|
|||||2021|2020|
|Energy consumption|used to calculate emissions|(kWh)||78,388,370|69,794,667|
|Energy consumption|break down (kWh):|||||
|gas||||57&335,208|51,508,579|
|electricity||||20,801,957|17,920,847|
|transport
fuel||||251,205|365,242|
|Scope 1 emissions
in|metric tonnes CO2e|||||
|gas consumption||||10,502|9,470|
|fugitive Emissions||||Nil|nil|
|Total scope 1||||10j502|9,470|
|Scope 2 emissions
in|metric tonnes CO2e Purchased||electricity|4,417|4,178|
|Scope 3 emissions
in metric tonnes CO2e Business
employee
owned vehicles|||travel in|452|725|
|Total gross emissions|in metric tonnes CO2e|||15,370|14,372|
|Intensity
ratio||||0.0035|0.0030|
|Tonnes CO2e per leisure centre visit||||||
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||||||||||(As|
|---|---|---|---|---|---|---|---|---|---|
||||||||||Restated)|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||||||Note|2021|2021|2021|2020|
|||||||$000|$000|$000|$000|
|Income:||||||||||
|Income from charitable||activities:||||||||
|Community
sports services||||||30,760||30,760|35,442|
|Investment
income||||||1||1|2|
|Donation income||||||2,743|7,918|10,661|13,251|
|Other income||||||2,500||2,500||
|Total income||||||36,004|7,918|43,922|48,695|
|Expenditure
on:||||||||||
|Expenditure
on charitable|||activities:|||||||
|Operation ofcommunity||sports services||||35,961|7,918|43,879|67,647|
|Total expenditure||||||35,961|7,918|43,879|67,647|
|Net income and net movement||||in funds||43||43|(18,952)|
|foi the year||||||||||
|Actuarial
(losses)/gains||on|defined|benefit||594||594|(141)|
|pension schemes||||||||||
|Net movement
in funds||||||637||637|(19,093)|
|Reconciliation offunds:||||||||||
|Total funds brought|forward|||||||||
|As previously
reported
Prior period adjustment|||||18|(3,870)
770||(3,870)
~770|14,453|
|||||||(4,640)||(4,640)|14,453|
|Total funds carried forward||||||4,003||~4,003|~4,640|
##
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##
|As at31Decemb|er|2|02|1|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||(As restated)||
||||||||2021||2020||
|||||||Note|$000|$000|$000|$000|
|Fixed assets|||||||||||
|Intangible
assets||||||||402||588|
|Tangible assets||||||12||19,886||22,899|
|||||||||20,288||23,487|
|Current assets|||||||||||
|Stocks|||||||73||||
|Debtors||||||14|2,320||3,157||
|Cash at bank and|in hand||||||6,628||5,674||
||||||||9,021||8,831||
|Creditors: amounts||falling due within|||one year|15|~7,498||6,257||
|Net current assets/(liabilities)||||||||1,523||2,574|
|Total assets less|current liabilities|||||||21,811||26,061|
|Creditors: amounts||falling due after one year||||16||(19,386)||(20,895)|
|Accruals and deferred|||income|||17||6,224||9,101|
|Net assets excluding|||pension liability|||||(3,799)||(3,935)|
|Defined benefit pension||||scheme liability||27||(204)||(705)|
|Net assets including|||pension liability|||||4,003||4,640|
|Charity Funds|||||||||||
|Restricted
funds|||||||||||
|Unrestricted
funds:|||||||||||
|Unrestricted
funds|excluding pension||||liability||(3,799)||(3,935)||
|Pension reserve|||||||204||705||
|Total unrestricted|funds|||||||4,003||4,640|
|Total funds ofthe||group||||19|||||
##
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##
||||||||(As restated)|(As restated)|
|---|---|---|---|---|---|---|---|---|
||||||2021||2020||
|||||Note|$000|$000|$000|$000|
|Fixed assets|||||||||
|Intangible
assets||||||379||475|
|Tangible assets
Investments||||12
13||19,624
~29||22,495
729|
|||||||20&732||23,699|
|Current assets|||||||||
|Stocks|||||71||||
|Debtors||||14|3,197||3,531||
|Cash at bank and in hand|||||5 038||5027||
||||||8,306||8,558||
|Creditors: amounts|falling due within||one year|15|~7170||6040||
|Net assets/(liabilities)||||||1,136||2518|
|Total assets less current liabilities||||||21&868||26,217|
|Creditors: amounts
falling due after one year
Accruals and deferied income||||16
17||(19,386)
~5783||(20,835)
8,892|
|Net assets excluding pension
Defined benefit pension scheme||liability
hability||27||(3&301)
~204||(3,510)
~705|
|Net assets including
pension||liability||||3505||4215|
|The funds ofthe|charity||||||||
|Restricted funds:|||||||||
|Unrestricted
funds:|||||||||
|Unrestricted
funds|excluding pension||liability||(3&301)||(3,510)||
|Pension reserve|||||204||705||
|Total unrestricted|funds|||||3,505||4,215|
|Total charity funds||||19||3,505||4,215|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Note|$000|$000|
|Cash flows from operating
activities||||||
|Net cash provided
by operating
activities|||20|5,684|1,466|
|Cash flows from investing
activities:||||||
|Cash acquired with Active Life||||||
|Purchase ofintangible
fixed assets|||||(6)|
|Purchase oftangible fixed assets||||(2,037)|(4,865)|
|Proceeds from sale offixed assets|||||3,022|
|Interest received||||1|2|
|Cash inflows from new finance lease obligations||||||
|Interest paid||||609|1,215|
|Net cash used in investing
activities||||2,645|3,062|
|Cash flows from financing
activities:||||||
|Repayments
ofborrowings||||(1&163)|(3,992)|
|Repayment
offinance lease obligations||||(922)|(434)|
|Cash inflows from new loans|||||13,311|
|Net cash provided/(used)
by financing||activities||2&085|8,885|
|Change in cash and cash equivalents|in|the year||954|4,357|
|Cash and cash equivalents
brought
forward||||5,674|1,317|
|Cash and cash equivalents
carried forward||||6&628|5,674|
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##
|2021|2020|
|---|---|
|$000|$000|
|10,661|13,251|
##
|2021|2020|
|---|---|
|$000|$000|
|2,500||
##
||||Staffcosts|Support|Direct|Fixed|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||costs|costs|asset|funds|funds|
||||$000|$000|$000|disposal|2021|2020|
|||||||$000|$000|$000|
|Community|sports|service|20,511|21,991|1,335|42|43,879|67,647|
##
##
##
##
##
|Analysis ofsupport|and governance|costs||||
|---|---|---|---|---|---|
|||General|Governance|Total|Total|
|||support|function|2021|2020|
|||$000|$000|$000|$000|
|ITcosts||1,514||1,514|1,318|
|Finance costs||1,030||1,030|1,664|
|Marketing
materials||690||690|637|
|Administration||3,288||3)288|7,190|
|Other staff related costs||581||581|442|
|Facilities management|costs|9,646||9,646|10,845|
|Amortisation||185||185|195|
|Depreciation||5,009||5,009|6,667|
|Auditor Fees|||48|48|36|
|Trustee expenses||||||
##
||||2021|2020|
|---|---|---|---|---|
||||$000|$000|
|Divestment
Costs||||6,272|
|COVID secure implementation||costs||410|
|Staffrestructuring
costs||||1,860|
|Depreciation oftangible|fixed|assets:|||
|-owned by the group|||5,009|6,667|
|Auditor's
remuneration:|||||
|—Company|||34|30|
|- Subsidiary|||14||
|Amortisation
ofpre-contract||costs|94|105|
|Amortisation
ofgoodwill||||90|
##
##
##
##
|Staff costs were as|follows:|||||
|---|---|---|---|---|---|
||||||(Restated)|
|||||2021|2020|
|||||$000|$000|
|Wages and salaries||||18,641|27,450|
|Social security costs||||1,080|1,437|
|Other pension costs||||790|911|
||||||29Z28|
|Staffrestructuring|costs||||1,860|
|The average number ofpersons||employed|by the company|during the year was as follows:||
|||||2021|2020|
|||||No.|No.|
|Th|e n|umber|ofhigher paid employees
was:|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||No.|No.|
|In|the|band|$60,001 —+0,000|5|4|
|In|the|band|+0,001 —$80,000|4|3|
|In|the|band|$80,001 —$90,000|2|1|
|In|the|band|$90,001 - $100,000|1||
|In|the|band|$100,001 —$110,000|||
|In|the|band|$120,001 —$130,000|||
|In|the|band|$140,001 —$150,000|||
|In|the|band|$170,001 —$180,000|||
|In|the|band|$190,001 —$200,000|||
##
##
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##
##
##
##
|Intangible
fixed assets||||
|---|---|---|---|
||Pre contract|||
||costs|Goodwill|Total|
|Group|$000|$000|$000|
|Cost||||
|At 1January 2021|1,390|700|2,090|
|Additions||||
|Disposals|(3)||(3)|
|At 31December 2021|~138|700|g 087|
|Amortisation||||
|At 1January 2021|916|586|1,502|
|Charge for the year|94|91|185|
|Disposals|(2)||(2)|
|At 31December 2021|~1008|677|~1685|
|Carrying
amount||||
|At 31December 2021||||
|At 31December 2020||||
##
##
##
|11.
Intangible
fixed assets co|ntinued|
|---|---|
||Pre contract costs|
|Company|$000|
|Cost||
|At 1January 2021|1,391|
|Additions||
|Disposals|(4)|
|At 31December 2021|1387|
|Amortisation||
|At 1January 2021|916|
|Charge for the year|94|
|Disposals|(2)|
|At 31December 2021|1 0(08|
|Carrying
amount||
|At 31December 2021||
|At 31December 2020||
##
|12.
Tangible fixed|assets||||||
|---|---|---|---|---|---|---|
||L asehold
improvements|Assets in
course of
construction|Motor
vehicles|**E**
quipment|Computer
systems|Total|
|Group|$000|$000|$000|$000|$000|$000|
|Cost|||||||
|At 1January 2021|29,072|185||22,322|3,277|54,858|
|Additions|1,337|||605|95|2,037|
|Transfer ofassets|||||||
|completed
in year|||||||
|Disposals|(192)|||(613)||(805)|
|At 31December 2021|30,217|185||22 31|3372|56090|
|Depreciation|||||||
|At 1January 2021|12,365|||16,876|2,716|31,959|
|Charge for the year|2,197|||2,479|333|5,009|
|Disposals|(189)|||(575)||(764)|
|At 31December 2021|14373|||18780|3049|36204|
|Net book value|||||||
|At 31December 2021|||||||
|At 31December 2020|||||||
##
##
##
|||2021|2020|
|---|---|---|---|
|Group||$000|$000|
|Land and|buildings|||
|Furniture,|fittings and equipment|||
||L asehold
improvements|Assets in
course of
construction|Motor
vehicles|Equipment|Computer
systems|Total|
|---|---|---|---|---|---|---|
|Company|$000|$000|$000|$000|$000|$000|
|Cost|||||||
|At 1January 2021|28,932|185||21,822|3,277|54,218|
|Additions|1,337|||601|95|2,033|
|Transfer ofassets|||||||
|completed
in year|||||||
|Disposals|(192)|||(613)||(805)|
|At 31December 2021|30077|185||21 810|3372|55446|
|Depreciation|||||||
|At 1January 2021|12,236|||16,766|2,719|31,723|
|Charge for the year|2,169|||2,362|333|4,864|
|Disposals|(189)|||(575)||(764)|
|At 31December 2021|14216|||18553|3052|35823|
|Net book value|||||||
|At 31December 2021|||||||
|At 31December 2020|||||||
##
##
##
|||2021|2020|
|---|---|---|---|
|Company||$000|$000|
|Land and|buildings|17032|1,128|
|Furniture,|fittings and equipment|~1078|~1625|
##
|Investments
in subsidiaries||
|---|---|
||Shares in|
||group|
||undertakings|
|Company|$000|
|Cost||
|At 1January 2021|729|
|At 31December 2021|729|
##
||||||||Profit/|Net Assets|
|---|---|---|---|---|---|---|---|---|
||||||Percentage||(Loss)|2021|
|Company|name|||Country|Shareholding|Description|2021|$000|
||||||||$000||
|Virgin Active Management|||Limited|England|100%|Sports and leisure|||
|Registered|number:|02353684||||facilities|||
|Active Life||||England|100%|Sports and leisure|||
|Registered|number:|04376721||||facilities|18|177|
##
##
##
|Debtors|||||||
|---|---|---|---|---|---|---|
|||Grou||Com|an||
|||2021|2020|2021||2020|
|||$000|$000|$000||$000|
|Trade debtors||405|965|394||965|
|Amounts
owed by group undertakings||||900||373|
|Other debtors||122|408|122||408|
|Prepayments|and accrued income|1,793|1,784|1,781||1,784|
|||2&320|3,157|3,197||3,530|
##
##
|||Grou||Com|an||
|---|---|---|---|---|---|---|
|||2021|2020|2021||2020|
|||$000|$000|$000||$000|
|Other loans||669|1,065|657||1,015|
|Net obligations|under finance leases and||||||
|hire purchase|contracts|827|1,007|780||952|
|Trade creditors||3&007|2,640|2,865||2,640|
|Amounts
owed|to group undertakings||||||
|Other taxation|and social security|386|1,487|352||1,378|
|Other creditors||2,609|58|2,516||55|
|||7,498|6,257|7,170||6,040|
##
|Creditors:|Amounts
falling due after|more than one y|ear|||
|---|---|---|---|---|---|
|||Grou||Com
an||
|||2021|2020|2021|2020|
|||$000|$000|$000|$000|
|Other loans||19,007|19,774|19,007|19,761|
|Net obligations|under finance leases and|||||
|hire purchase|contracts|379|1,121|379|1,074|
|||19&386|20,895|19&386|20,835|
##
##
##
##
|Other loans are repayable
as follo|ws:|||||
|---|---|---|---|---|---|
||Grou||Com|an||
||2021|2020|2021||2020|
||$000|$000|$000||$000|
|Less than 1 year|669|1,065|657||1,015|
|2 to 5years|14,165|14,750|14,165||14,737|
|Over 5 years|4,842|5,024|4,842||5,024|
|Total|19,676|20,839|19&664||20,776|
||Grou||Com|an||
|---|---|---|---|---|---|
||2021|2020|2021||2020|
||$000|$000|$000||$000|
|Less than 1 year|827|1,007|780||952|
|2to 5years|379|1,121|379||1,074|
|Over 5 years||||||
|Total|1,206|2,128|1,159||2,026|
##
##
##
##
|Accruais|and deferred
income|||||||
|---|---|---|---|---|---|---|---|
|||Grou|||Com|an||
||||(As|restated)||(As|restated)|
|||2021||2020|2021||2020|
|||$000||$000|$000||$000|
|Accruals||5&911||8,743|5,519||8,534|
|Deferred|income|313||358|264||358|
|||6&224||9,101|5&783||8,892|
##
|||Prior period|Prior period||
|---|---|---|---|---|
|Group|As previously|adjustment|for|As restated|
||stated|annual|leave||
|||accrual|||
||||$000|$000|
|Profit and loss account 2020|||||
|Income|48,695|||48,695|
|Expenditure|||||
|Staff costs|(30,888)||(770)|(31,658)|
|Other categories|(35,989)|||(35,989)|
|Actuarial losses|(141)|||(141)|
|Net movement
in funds|(18,323)||(770)|(19,093)|
|Total funds bought forward|14,453|||14,453|
|Total funds carried forward|(3,870)||(770)|(4,640)|
|Balance sheet as at31December 2020|||||
|Unrestricted
funds|||||
|General funds —all|(3,165)||(770)|(3,935)|
|Pension reserve|(705)|||(705)|
|Total unrestricted
funds|(3,870)||(770)|(4,640)|
##
##
|70K for the Group|. The revised deficit for the group|for year ended 31Decemb|er 2020 was $19,|er 2020 was $19,|093K.|
|---|---|---|---|---|---|
||||Prior period|||
|Company||As previously
stated|adjustment
annual|for
leave|As restated|
||||accrual|||
|||||$000|$000|
|Profit and loss account 2020||||||
|Income||45,287|||45,287|
|Expenditure||||||
|Staff costs||(28,171)||(559)|(28,730)|
|Other categories||(34,915)|||(34,915)|
|Actuarial losses||(141)|||(141)|
|Net movement
in funds||(17,940)||(559)|(18,499)|
|Total funds bought|forward|14,284|||14,284|
|Total funds carried forward||(3,656)||(559)|(4&215)|
|Balance sheet as at 31December 2020||||||
|Unrestricted
funds||||||
|General funds —all||(2,951)||(559)|(3,510)|
|Pension reserve||(705)|||(705)|
|Total unrestricted|funds|(3,656)||(559)|(4,215)|
##
##
##
##
|.
Statem|ent
o|f Funds||||||
|---|---|---|---|---|---|---|---|
||||(As restated)|||||
|Group|||Brought|Income|Expense|Gains/|Carried|
||||Forward|||(Losses)|Forward|
||||$000||$000|$000|$000|
|Unrestricted
funds||||||||
|General|Funds|—all|(3,935)|36,004|(35,868)||(3,799)|
|Pension|reserve||(705)||(93)|594|(204)|
|Restricted|funds|||||||
|National|Leisure Recovery Fund|||4,612|(4,612)|||
|Coronavirus Job Retention Scheme||||3,306|(3,306)|||
||||4,640|43,922|43,879|594|4&003|
||||(As restated)|||||
|Company|||Brought|Income|Expense|Gains/|Carried|
||||Forward|||(Losses)|Forward|
||||$000|$000|$000|$000|$000|
|Unrestricted
funds||||||||
|General|Funds|—all|(3,510)|33,576|(33,367)||(3&301)|
|Pension|reserve||(705)||(93)|594|(204)|
|Restricted|funds|||||||
|National|Leisure Recovery Fund|||4,236|(4,236)|||
|Coronavirus Job Retention Scheme||||2,506|(2,506)|||
||||4,215|40,318|40,202|594|3,505|
##
##
##
##
##
|Group|||||
|---|---|---|---|---|
||Unrestricted
Funds|Restricted
Funds|2021Funds|2020 Funds|
||$000|$000|$000|$000|
|Fixed Assets|20,288||20,288|23,487|
|Current Assets|9,021||9,021|8,831|
|Current Liabilities|(13,722)||(13,722)|(15,358)|
|Long Term Liabilities|(19,386)||(19,386)|(20,895)|
|Pension Liability|(204)||(204)|(705)|
|Total|(4,003)||(4&003)|(4,640)|
|Company|||||
|---|---|---|---|---|
||Unrestricted
Funds|Restricted
Funds|2021Funds|2020 Funds|
||$000|$000|$000|$000|
|Fixed Assets|20,732||20,732|23,699|
|Current Assets|8,191||8,191|8,558|
|Current Liabilities|(12,838)||(12,838)|(14,932)|
|Long Term Liabilities|(19,386)||(19,386)|(20,835)|
|Pension Liability|(204)||(204)|(705)|
|Total|(3,505)||(3,505)|(4,215)|
##
##
##
##
|||||||(As restated)|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||$000|$000|
|Net incoming/(outgoing)||resources|||637|(19,093)|
|Movements
on defined|benefit||scheme (incL actuarial adjustments)||(501)|230|
|Interest received|||||(1)|(2)|
|Interest paid|||||609|1,215|
|Amortisation
ofintangible||fixed assets|||185|195|
|Depreciation oftangible|fixed||assets||5,009|6,667|
|Loss on disposal ofassets||(tangible||Bcintangible)|42|5,557|
|(Increase)/Decrease
in|stocks||||(73)|184|
|Decrease in debtors|||||837|383|
|Decrease/(increase)
in|creditors (excl. other loans Bchire purchase||||||
|liabilities)|||||1,060|3,198|
|Net cash used in operating|||activities||5,684|1,466|
##
||||2021|2020|
|---|---|---|---|---|
||||$000|$000|
|Cash|in|hand|6,628|5,674|
|Total|||6,628|5,674|
##
|Analysis ofchanges
in|net debt|||||
|---|---|---|---|---|---|
||31.12.2020|Cash Flows|Non-Cash|Changes|31.12,2021|
||||New|Other||
||||Finance|Non-Cash||
||||Leases|Changes||
|Cash in hand|5,674|954|||6,628|
|Debt due within one year|(2,072)|576|||(1,496)|
|Debt due greater than|(20,895)|1,509|||(19,386)|
|one year|17,293|3,039|||~14,254|
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|Total future minimum
lease payments
under non-cancel|lable
leases:||
|---|---|---|
||2021|2020|
|Expiring:|$000|$000|
|within
1 year|217|192|
|between one and five years|1,505|804|
|in more than 5 years|13,519|13,342|
|Total|15,241|14,338|
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|The amounts
recognised|in the Balance sheet are as follows:|||
|---|---|---|---|
|||2021|2020|
|||$000|$000|
|Present value offunded|obligations|5)603|6,114|
|Fair value ofscheme assets||5,510|5,255|
|Deficit in schemes||(93)|(859)|
|Surplus not recognised|in Virgin Active Management|334|69|
|||(427)|(928)|
|Indemnity||223|223|
|Net liability||204|705|
|The amounts
recognised
in the Statement offinancial activities are as follows:|||
|---|---|---|
||2021|2020|
||$000|$000|
|Service cost|(35)|(33)|
|Interest on obligation|(12)|(14)|
|Administration
expenses|(46)|(42)|
|Expected return on scheme assets|||
|Total|(93)|(89)|
|Actual return on scheme assets|||
|Movements
in the present value ofthe defined benefit obligation were as follows:|||
||2021|2020|
||$000|$000|
|Opening
defined benefit obligation|6,114|5,431|
|Interest cost|79|113|
|Contributions
by scheme participants|4|5|
|Actuarial losses|(475)|1,132|
|Benefits paid|(56)|(163)|
|Experience Gain on defined benefit contribution|(98)|(437)|
|Current
service cost|35|33|
|Closing defined benefit obligation|||
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|Changes in th|e fair value ofscheme assets were as follows:|||
|---|---|---|---|
|||2021|2020|
|||$000|$000|
|Opening
fair|value ofscheme assets|5,255|4,895|
|Expected return on assets||13|19|
|Contributions|by employer|63|90|
|Contributions|by scheme participants|4|5|
|Admin expenses||(53)|(49)|
|Interest costs||54|80|
|Return on assets||230|362|
|Benefits paid||(56)|(163)|
|Other actuarial gains / (losses)|||16|
|The major categories ofscheme assets as a percentage oftotal scheme assets are as follows:||||
|||2021|2020|
||||0/|
|Equities||51.5%|60.1%|
|Property||8.7%|8.1%|
|Government|bonds|0.5%|0.5%|
|Cash and other assets||14.1%|10.4%|
|Other bonds||25.2%|20.9%|
|||100.0%|100.0%|
|Principal actuarial assumptions
at the Balance sheet date (expressed|as weighted
averages):||
|---|---|---|
||2021|2020|
|Discount rate at 31December|1.88%|1.33%|
|Expected return on scheme assets at 31December|1.88%|1.33%|
|Future salary increases|3.65%|3.25%|
|Future pension increases|3.08%|2.73%|
|Inflation (CPI)|2.80%|2.35%|
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|Assumed|life expectations|life expectations|from|age 65|are:|||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||years|years|
|Retiring|today:|||Males||||21.9|21.9|
|||||Females||||24.1|24.0|
|Retiring|in 20 years:|||Males||||23.3|23.3|
|||||Females||||25.5|25.5|
|Amounts|for the current||and previous||four periods|are as follows:||||
|Defined|benefit pension|schemes||||||||
||||||2021|2020|2019|2018|2017|
||||||$000|$000|$000|$000|$000|
|Defined|benefit obligation||||5,603|(6,114)|(5,432)|(4,671)|(5,269)|
|Scheme|assets||||5,510|5,255|4,895|4,266|4,395|
|Surplus not recognised||in||||||||
|Virgin|Active Management||||(334)|(69)|(162)|(116)|(78)|
|Deficit|||||(427)|(928)|(698)|(521)|(952)|
|Experience adjustments||on||||||||
|scheme liabilities|||||(98)|(437)|||(688)|
|Experience adjustments||on||||||||
|scheme assets||||||||||
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