Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 632

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 632
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 Bank PLC’s Section 75 debt would be triggered by the insolvency (the debt would be calculated after allowing for the payment to the UKRF of any collateral above). To meet the requirements of the Financial Services and Markets Act 2000 (Banking Reform) (Pensions) Regulations 2015 it is Barclays' intention to sectionalise the UKRF in July 2025, creating two separate sections – the Barclays Bank Section and the Barclays UK Section (with Barclays Bank UK PLC participating in the Barclays UK Section only). This will not change the financial position of the UKRF from a consolidated Group perspective, and members’ benefits will be unchanged as a result of the actions Barclays is taking to meet its regulatory obligations. Defined benefit contributions paid to the UKRF were £ 22m ( 2023 : £ 39m ). There were nil ( 2023 : nil ) Section 75 contributions included within the Group’s contributions paid as no participating employers left the UKRF in 2024 . The Group’s expected contribution to the UKRF in respect of defined benefits in 2025 is £ 47m . In addition, the expected contributions to UK defined contribution schemes in 2025 is £ 18m to the UKRF and £ 302m to the BPSP.

| Strategy                                      | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 431 |
| Notes to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Scope of consolidation                        |                        |                                  |            |            |                 |     |                     |     |                                            |     |

Scope of consolidation The notes included in this section present information on the Group’s investments in subsidiaries, joint ventures and associates and its interests in structured entities. Detail is also given on securitisation transactions the Group has entered into and arrangements that are held off-balance sheet. 33 Principal subsidia ries

The significant judgements used in applying this policy are set out below.

Accounting for investment in subsidiaries

In the individual financial statements of Barclays PLC, investments in subsidiaries are stated at cost less impairment.

Principal subsidiaries for the Group are set out below. This includes those subsidiaries that are most significant in the context of the

Group’s business, results or financial position.

|                                    | Principal place of business orincorporation |                          | Percentage of