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Financial summary of the Scheme

Each year, the Trustee produces its Report and Accounts. This shows the financial development of the Scheme over the year.

The Report and Accounts also includes a Chair's Statement. This assesses the Trustee's knowledge and understanding of the Scheme, its value for members, and its charges and transaction costs. You can read the Chair's Statement by going to www.oneday.co.uk and navigating to the BRSS section > The basics > Charges & Governance.

You can see a summary of the Report and Accounts below for the year ending 31 March 2024.

Fund value as at 31 March 2023 £885.6 million. Fund value as at 31 March 2024 £1,062.8 million. Income between 31 March 2023 and 31 March 2024 £249.9 million. Expenditure between 31 March 2023 and 31 March 2024 £72.7 million.

Income	£m
Contributions and transfers in	110.2
Investment and other income	5.1
Increase in market value	134.6
Income total	249.9

Expenditure	£m
Pensions and other benefits paid	19.5
Leavers' payments	50.4
Expenses	2.8
Decreases in market value	-
Expenditure total	72.7

You can find a copy of the Report and Accounts in the Document library.

Membership numbers

Here's how the membership of the Scheme changed over the year to 31 March 2024.

As at 31 March 2023
Active members	18,403
Deferred members	20,358
As at 31 March 2024
Active members	18,546
Deferred members	21,006

Scheme activity in 2024

Here's a reminder of what you have received from the Trustee throughout 2024...

December 2024