Ruth: I have in now carried out an approximate buyout funding update for the scheme as at 30 September 2022 and the results are as follows: Assets – 2.87M Liabilities – £2.65M Surplus – £0.22M Funding Level – 108% This compares to the last approximate update we did for the valuation as at 26 April 2021: Assets – £3.33M Liabilities - £3.99M Deficit – £0.66M Funding Level – 84% The main reason for the improvement in the funding position is the increase in gilt yields by c2.5% p.a. from 26 April 2021 to 30 September 2022.  The scheme was broadly fully funded on a buyout basis in 2021 following the additional contribution paid in by the Union of £656K. Whilst both assets and liabilities have fallen, the liability reduction has been more material due to the investment strategy of holding gilts of different durations designed to target an 80% hedge ratio.