{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Income and expenditure ","text":"SOCPF income & expenditure summary, see key financial figures from the 2024 Annual Report.","links":[{"name":"Income and expenditure ","value":"https://pensions.shell.co.uk/source/socpf/financials-news/income-and-expenditure.html"}],"image":{"src":"https://pensions.shell.co.uk/source/socpf/financials-news/income-and-expenditure/_jcr_content/root/metadata.shellimg.jpeg/1760482781097/person-repairing-machine.jpeg","alt":"Shell Engineer checking the airplane 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Source","value":"https://pensions.shell.co.uk/source.html"},{"name":"SOCPF","value":"https://pensions.shell.co.uk/source/socpf.html"},{"name":"Financials","value":"https://pensions.shell.co.uk/source/socpf/financials-news.html"},{"name":"Income and expenditure ","value":"https://pensions.shell.co.uk/source/socpf/financials-news/income-and-expenditure.html"}]},"id":"/content/shell/business/pensions/en_gb/source/socpf/financials-news/income-and-expenditure/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/pensions/en_gb/source/socpf/financials-news/income-and-expenditure/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"Income and expenditure","text":"\u003Cp\u003EHere’s a summary of the key figures from our Annual Report and Financial Statements dated 31 December 2024.\u003C/p\u003E\r\n\r\n\r\n","image":{"src":"https://pensions.shell.co.uk/source/socpf/financials-news/income-and-expenditure/_jcr_content/root/main/section/page_header.shellimg.jpeg/1760482724289/person-repairing-machine.jpeg","alt":"Shell Engineer checking the airplane jet","width":3840,"height":960}},"id":"/content/shell/business/pensions/en_gb/source/socpf/financials-news/income-and-expenditure/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":10,"id":"/content/shell/business/pensions/en_gb/source/socpf/financials-news/income-and-expenditure/jcr_content/root/main/section/text","model":{"text":"\u003Ctable cellpadding=\"1\" cellspacing=\"0\" border=\"1\" width=\"200\" height=\"100\"\u003E\r\n\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E    2023 (£m)\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E2024 (£m)\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003EWe started the year with a Fund value of:\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E3,871\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E3,804\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003EIncome (amounts that increase the value of the Fund)\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E \u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EMember contributions\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cul\u003E\r\n\u003Cli\u003EOrdinary\u003C/li\u003E\r\n\u003Cli\u003EAdditional Voluntary Contributions (AVCs)\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E3\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E3\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EEmployer contributions\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cul\u003E\r\n\u003Cli\u003EOrdinary\u003C/li\u003E\r\n\u003Cli\u003ESalary Sacrifice\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E32\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E24\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EInvestment income\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E25\u003C/td\u003E\r\n\u003Ctd\u003E5\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ETotal income\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E60\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E32\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EExpenditure (amounts that decrease the value of the Fund)\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EBenefits paid*\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E151\u003C/td\u003E\r\n\u003Ctd\u003E158\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ETransfers out of the SCPF\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E15\u003C/td\u003E\r\n\u003Ctd\u003E10\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdministration and investment expenses\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E8\u003C/td\u003E\r\n\u003Ctd\u003E9\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ETotal expenditure\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E174\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E177\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EChanges to investment market values\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E47\u003C/td\u003E\r\n\u003Ctd\u003E(299)\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EWe ended the year with a Fund value of:\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E3,804\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E3,430\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E\r\n\u003Cp\u003E*Including commutation lump sums on retirement and lump sum death 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