UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2024
FUND ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
All amounts are in £ thousands unless otherwise stated.
Note
2024
2023
Benefits and other outgoings Benefits paid or payable
5
71,084
64,740
Transfers out
6
1,798
5,278
Administrative expenses
7
2,685
2,793
75,567
72,811
Net withdrawals from dealings with members
(75,567)
(72,811)
Net returns on investments Investment Income
8
32,754
30,100
Change in market value of investments
9
(96,215)
56,641
Investment management expenses
10
(1,115)
(449)
(64,576)
86,292
Net (decrease)/increase in the fund
(140,143)
13,481
Opening net assets
1,582,283
1,568,802
Closing net assets
1,442,140
1,582,283
The notes on pages 34 to 48 form part of these financial statements.
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