# 



## 

## 

|Trustees and Directors|Trustees and Directors|Trustees and Directors|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Robert McDonough||||Chair|||||||
|Roy Blackwall||||Vice Chair|||||||
|Jacqueline<br>Russell||||Chair - Finance|||||||
|lan Bauckham|CBE||||||||||
|Lorrayne<br>Hughes|||||||||||
|Martyn<br>Oliver|||||||||||
|Sir Hamid<br>Petal|||||||||||
|Stephen<br>Snelson|||||||||||
|Luke Sparkes|||||||||||
|Pamela Tuckett|||||||||||
|Pamela Wright|OBE||||||||||
|Officers|||||||||||
|Leora Cruddas||||Chief Executive Officer|||||||
|Stephen<br>Rollett||||Deputy Chief Executive Officer|||||||
|Clare Robson-Farrelly||||Chief Operating<br>Officer &|||Company||Secretary||
|Gary Howard||||Chief Financial<br>Officer|||||||
|Joanna Johnson||||Senior Administrative||Officer|||||
|Phillippa<br>Scott||||Administrative<br>Officer|||||||
|Megan Graham||||Administrative<br>Officer|||||||
|Tins Dilks||||Administrative<br>Officer|||||||
|Coiinne<br>Lakin||||Administrative<br>Officer|||||||
|Charis Evans||||CST Professional|Devlopment|||Limited Director|||
|Rukia Shaffi||||CST Professional|Devlopment|||Limited Senior Officer|||
|Josephine<br>Fallon||||CST Professional|Devlopment|||Limited Administrative||Officer|
|Caroline<br>Whitty||||NTA Executive Director &|||Trust|Editor|||
|Helen<br>Dowling||||NTA Senior Administrative|||Officer||||
|Charity<br>number||||1107640|||||||
|Company<br>number||||05303863|||||||
|Principal address||and registered|office|Suite 10,Whiteley|Mill|Offices|||||
|||||39 Nottingham<br>Road|||||||
|||||Stapleford|||||||
|||||Nottinqham<br>NG9|8AD||||||
|Auditor||||Dains LLP|||||||
|||||15 Colmore Row|||||||
|||||Birmingham<br>B32BH|||||||
|Bankers||||Lloyds Bank Pic|||||||
|||||39 Threadneedle|Street||||||
|||||London EC2R 8AU|||||||
|||||Clydesdale<br>Bank|Pic||||||
|||||Business Direct|||||||
|||||40 StVincent PLace|||||||
|||||Glasqow G1 2HL|||||||
|Solicitors||||Stone King LLP|||||||
|||||Boundary<br>House|||||||
|||||91 Charterhouse|Street||||||
|||||London EC1M 6HR|||||||





## 

## 

## 

|NTENTS|||||
|---|---|---|---|---|
||||Page||
|Trustees'<br>Report (including<br>Directors' Report and Strategic Report)||1|—|4|
|Statement<br>oftrustees'<br>responsibilities|||||
|Independent<br>auditor's<br>report||6|-|8|
|Consolidated<br>Statement<br>ofFinancial Activities||9|-to||
|Consolidated<br>and Charitable<br>Company|Balance Sheets||||
|Consolidated<br>Statement<br>ofCash Flows||12|||
|Notes to the financial statements||13|—|28|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

|FOR THE YEAR E|N|DED 31AUGUST 2|021|||||
|---|---|---|---|---|---|---|---|
||||||||Year ended|
|||||||Year ended 31|31 August|
|||||Unrestricted|Restricted|August 2021|2020|
||||Notes|Funds|Funds|Total Funds|Total Funds|
|I~i||||8||f|6|
|Income from charitable|activities:|||||||
|Charitable<br>activities|||2|388,130|212,750|600,880|408,888|
|Income from other trading||activities:||||||
|Other trading<br>activities|||3|711,732||711,732|389,753|
|Investments||||2,304||2,304|6,030|
|Other Income|||||||5,900|
|Total income||||1,102,166|212,750|1,314,916|810,571|
|~Edit||||||||
|Expenditure<br>on raising funds:||||||||
|Trading<br>activities|||6|440,594||440,594|254,541|
|Expenditure<br>on charitable||activities:||||||
|Chaditable<br>activities|||7|297,129|280,658|577,787|520,400|
|Total expenditure||||737,723|280,658|1,018,381|774,941|
|Net incoming/(outgoing)||resources before||||||
|transfers||||364,443|(67,908)|296,535|35,630|
|Gross transfers<br>between||funds||||||
|Net income/(expenditure)||for the year/||||||
|Net movement<br>in funds||||364,443|(67,908)|296,535|35,630|
|Funds balances at 01 September 2020||||576,004|67,908|643,912|608,282|
|Funds balances at 31|August 2021|||940,447||940,447|643,912|





## 

## 

|||||||Yearended|
|---|---|---|---|---|---|---|
|Prior financial year||||Unrestricted|Restricted|31August<br>2020|
||||Notes|Funds|Funds|Total Funds|
|flit f||||f|6|8|
|Income from charitab/e|activities:||||||
|Charitable<br>activities||||233,388|175,500|408,888|
|Income from other trading||activities:|||||
|Other trading<br>activities||||389,753||389,753|
|Investments||||6,030||6,030|
|Other Income||||5,900||5,900|
|Total income||||635,071|175,500|810,571|
|~Edit|||||||
|Costs ofraising funds:|||||||
|Fundraising<br>activities||||254,541||254,541|
|Expenditure<br>on charitable||activities:|||||
|Charitable<br>activities||||344,223|176,177|520,400|
|Total expenditure||||598,764|176,177|774,941|
|Net incoming/(outgoing)||resources before|||||
|transfers||||36,307|(677)|35,630|
|Gross transfers<br>between|funds||||||
|Net incomei(expenditure)||for the year/|||||
|Net movement<br>in funds||||36,307|(677)|35,630|
|Funds balances at 01 September 2019||||539,697|68,585|608,282|
|Funds balances at 31August 2020||||576,004|67,908|643,912|





## 

## 




## 

## 

|||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||6|8|
|Cash flows from operating|||activities||||||
|Cash generated<br>from||operations||||26|572,989|204,961|
|Investing|activities||||||||
|Purchase <br>Proceeds|of intangible<br> on disposal|assets<br> ofinvestments||||11<br>16|(1,508)<br>130,988|130,925|
|Interest received||||||4|2,304|6,030|
|Net cash|generated|from/(used||in) investing||activities|131,784|136,955|
|Net increase<br>in cash||and cash||equivalents|||704,773|341,916|
|Cash and|cash equivalents<br>at||beginning||ofyear||678,286|336,370|
|Cash and|cash equivalents||at|end of|year|27|1,383,059|678,286|





## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

|OR|THE YEAR END|THE YEAR END|ED 31AUGUST 2021|||||
|---|---|---|---|---|---|---|---|
|2|Charitable<br>activities||||Governance|Year ended 31|Year ended 31|
|||||Memberships|Leadership<br>f|August 2021<br>8|August 2020<br>6|
||Membership|income||388,130||388,130|233,388|
||Training<br>income||||212,750|212,750|175,500|
|||||388,130|212,750|800,880|408,888|
||For the year|ended|31August 2020|||||
||Membership|income||233,388|||233,388|
||Training<br>income||||175,500||175,500|
|||||233,388|175,500||408,888|
|3|Other trading<br>activities|||Unrestricted|Restricted|Year ended 31|Year ended 31|
|||||Funds|Funds|August 2021|August 2020|
|||||8|||f|
||Income from|trading|activities|711,732||711,732|389,753|
|||||711,732||711,732|389,753|
||For the year|ended 31 August 2020||389,753|||389,753|
|4|Investments|||Unrestricted|Restricted|Year ended 31|Year ended 31|
|||||Funds|Funds|August 2021|August 2020|
||||||8|6|f|
||interest receivable|||2,304||2,304|6,030|
||Forthe year|ended 31 August 2020||6,030|||6,030|
|5|Other Income|||Unrestricted|Restricted|Year ended 31|Year ended 31|
|||||Funds|Funds|August 2021|August 2020|
|||||f||f|6|
||Other Income||||||5,900|
||Adminstration|recharges||||||
||||||||5,900|
||For the year|ended|31August 2020|5,900|||5,900|





## 

|6|Trading activities|||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
||FFdi Fl<br>Ng|||6|6||6|
||Expenditure<br>from trading|operations||440,594||440,594|254,541|
||For the year ended 31 August 2020|||254,541||254,541||
|7|Charitable<br>activities||Member|Governance||Year ended 31|Year ended 31|
||||Services<br>6|Leadership<br>6|Clerking<br>6|August 2021<br>F.|August 2020<br>6|
||Staff costs<br>Other stafff costs<br>Travel and meeting costs<br>Programme<br>costs<br>Insurance<br>Office costs<br>Computer costs<br>Promotional<br>and marketing<br>Professional<br>fees<br>Governance<br>costs<br>Bank charges|costs|208,134<br>1,206<br>(2,165)<br>3,392<br>23,185<br>17,800<br>3,027<br>36,138<br>6,250<br>162|136,494<br>144,164||344,628<br>1,206<br>(2,165)<br>144,164<br>3,392<br>23,185<br>17,800<br>3,027<br>36,138<br>6,250<br>162|211,899<br>10,380<br>20,888<br>155,434<br>2,599<br>24,004<br>16,124<br>14,866<br>61,740<br>2,000<br>466|
||||297,129|280,658||577,787|520,400|
||Prior financial year|||||||
||Staff costs<br>Other stafff costs<br>Travel and meeting costs<br>Programme<br>costs<br>Insurance<br>Office costs<br>Computer costs<br>Promotional<br>and marketing<br>Professional<br>fees<br>Governance<br>costs<br>Bank charges|costs|191,156<br>10,380<br>20,888<br>2,599<br>24,004<br>16,124<br>14,866<br>61,740<br>2,000<br>466|20,418<br>146,659|325<br>8,775||211,899<br>10,380<br>20,888<br>155,434<br>2,599<br>24,004<br>16,124<br>14,866<br>61,740<br>2,000<br>466|
||||344,223|167,077|9,100||520,400|





## 

## 

|7|Charitable|activities (continued)|Member|Governance||Year ended 31|Year ended 31|Year ended 31|
|---|---|---|---|---|---|---|---|---|
||||Services<br>6|Leadership|Clerking<br>6|August 2021||August 2020<br>f|
||Analysis<br>by fund<br>Unrestricted<br>Funds||297,129||||297,129||
||Restricted|Funds||280,658|||280,658||
||||297,129|280,658|||577,787||
||For the year ended 31 August 2020<br>Unrestricted<br>Funds<br>Restricted<br>Funds||344,223|167,077|9,100|||344,223<br>176,177|
||||344,223|167,077|9,100|||520,400|



|with the institute<br>of School Busin|ess Leadership.|||
|---|---|---|---|
|Net movement<br>in funds<br>Net movement<br>in funds is stated|after charging/(crediting):|Year ended 31<br>August 2021|Year ended 31<br>August 2020<br>f|
|Operating<br>lease charges<br>Audit ofthe charitable<br>group's|annual<br>accounts|320<br>6,250|320|



## 



## 

## 

|Employees<br>|||||||||
|---|---|---|---|---|---|---|---|---|
|Number ofemploye|es||||||Year ended 31|Year ended 31|
||||||||August 2021|August 2020|
|The average<br>monthly|number||ofemployees|during||the year was:|Number|Number|
|Management<br>and administration|||||||||
|Office staff|||||||||
|Training<br>and conference||services|||||||
||||||||10||
|Employment<br>Costs|(Group)||||||Year ended 31|Year ended 31|
||||||||August 2021|August 2020|
|Wages and salaries|||||||387,748|220,127|
|Social security costs|||||||37,313|18,865|
|Other pension costs|||||||50,464|30,187|
||||||||475,525|269,179|
|Employment<br>Costs|(Charity)||||||Year ended 31|Year ended 31|
||||||||August 2021|August 2020|
||||||||E|E|
|Wages and salaries|||||||278,631|172,632|
|Social security costs|||||||26,248|13,631|
|Other pension costs|||||||39,749|25,636|
||||||||344,628|211,899|
|The number ofemployees||whose remuneration|||for|the year was E60,000 or more were:|Year ended 31|Year ended 31|
||||||||August 2021|August 2020|
|E60,001 - E70,000|||||||1||
|E80,001 - E90,000||||||||1|
|E100,001 - 6110,000|||||||1||



|11|Intangible assets|Website|Total|
|---|---|---|---|
||Group||E|
||Cost|||
||At 01 September 2020|||
||Additions|1,508|1,508|
||At 31August 2021|1,508|1,508|
||Amortisation|||
||At 01 September 2020 and 31 August 2021|||
||Net book value|||
||At 31 August 2021|1,508|1,508|





## 

## 

||||
|---|---|---|
|Tangible assets|Computers|Total|
|Group|||
|Cost|||
|At 01 September 2020|440|440|
|Disposals|(440)|(440)|
|At 31 August 2021|||
|Depreciation|||
|At 01 September 2020|440|440|
|Disposals|(440)|(440)|
|At 31 August 2021|||
|Net book value|||
|At 31 August 2020 and 31 August 2021|||



## 

|Fixed Asset Investments|||
|---|---|---|
||Subsidiary|Total|
||undertakings||
|Charity|6||
|Cost|||
|At 01 September 2020 and 31August 2021|||
|Depreciation|||
|At 01 September 2020 and 31August 2021|||
|Net book value|||
|At 31 August 2020 and 31 August 2021|1|1|



|14|Financial|instruments|instruments|||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||6|f|f|6|
||Carrying|amount of||financial assets||||||
||instruments||measured|at fair value through|SOFA|170,000|300,988|170,000|300,988|
|15|Debtors|||||Group||Charity||
|||||||2021|2020|2021|2020|
|||||||6|||6|
||Trade debtors|||||150,460|123,397|46,525|55,076|
||Other debtors|||||34,569|28,817|1,134|1,134|
||Prepayments||and accrued income|||6,375|12,212|6,084|5,303|
|||||||191,404|164,426|53,743|61,513|





## 

## 

|16|Current|asset investments|asset investments|asset investments|||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|2021|2020|
||||||||8|8|8||
||Fixed term deposits||||||170,000|300,988|170,000|300,988|
|17|Creditors: amounts|||falling||due within one year|Group||Charity||
||||||||2021|2020|2021|2020|
||Trade creditors||||||25,590|6,012|11,636|4,759|
||Other taxation<br>and||social security||||78,639|31,159|19,313|10,005|
||Deferred|income (see||Note||18)|662,531|403,273|249,531|190,794|
||Amounts|owed to group undertakings|||||||1,914|1,486|
||Other creditors||||||10,297|7,112|10,297|7,112|
||Accruals||||||28,467|52,232|7,254|8,580|
||||||||805,524|499,788|299,945|222,736|
|18|Deferred|income|||||Group||Charity||
||||||||2021|2020|2021|2020|
|||||||||8||f|
||Arising<br>from charitable|||activities|||249,531|190,794|249,531|190,794|
||Arising<br>from trading||activities||||413,000|212,479|||
||||||||662,531|403,273|249,531|190,794|
||Deferred|income is included||||in the financial statements|as follows||||
||||||||Group||Charity||
||||||||2021|2020|2021|2020|
||||||||8||r.|8|
||Deferred|income at 01 September|||||403,273|5,157|190,794||
||Resources deferred||during||the Year||662,531|403,273|249,531|190,794|
||Amounts|released|from previous Year||||(403,273)|(5,157)|(190,794)||
||Deferred|income at 31August|||||662,531|403,273|249,531|190,794|



## 



## 

## 

|OR|THE YE|THE YE|AR ENDE|D 31AUG|UST 2021||||||
|---|---|---|---|---|---|---|---|---|---|---|
|20|Restricted||Funds||At 01|Incoming|Resources||At|31 August|
||Group||||September<br>2020<br>6|resources|expended|Transfers<br>9||2021<br>f|
||Governor||Leadership|Programme|67,908|212,750|(280,658)||||
||||||67,908|212,750|280,658||||
||||||At 01|Incoming|Resources||At|31 August|
||||||September 2019|resources|expended|Transfers||2020|
||Group||||f|8||9||6|
||Governor||Leadership|Programme|68,585|166,400|(167,077)|||67,908|
||Clerking|Programme||||9,100|(9,100)||||
||||||68,585|175,500|176,177|||67,908|
||||||At 01|Incoming|Resources||At|31 August|
||Charity||||September 2020<br>6|resources<br>8|expended|Transfers||2021<br>f|
||Governor||Leadership|Programme|67,908|212,750|(280,658)||||
||||||67,908|212,750|(280,658)||||
||||||At 01<br>September<br>2019|Incoming<br>resources|Resources<br>expended|Transfers|At|31August<br>2020|
||Charity||||f|9|6||||
||Governor||Leadership|Programme|68,585|166,400|(167,077)|||67,908|
||Clerking|Programme||||9,100|(9,100)||||
||||||68,585|175,500|(178,177)|||67,908|





## 

## 

|21|Unrestricted|Funds|||At 01|Incoming|Resources||At 31August|
|---|---|---|---|---|---|---|---|---|---|
||||||September<br>2020|resources|expended|Transfers|2021|
||Group||||6||6|6|f|
||General Funds||||176,004|1,102,166|(737,723)|(343,870)|196,577|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000|||268,870|668,870|
||Governance|Development|Fund|||||75,000|75,000|
||||||576,004|1,102,166|(737,723)||940,447|
||||||At 01|Incoming|Resources||At 31 August|
||||||September 2019|resources|expended|Transfers|2020|
||Group||||f|6|8||6|
||General Funds||||139,697|635,071|(598,764)||176,004|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000||||400,000|
||||||539,697|635,071|(598,764)||576,004|
||||||At 01|Incoming|Resources||At 31 August|
||||||September<br>2020|resources|expended|Transfers|2021|
||Charity||||||8||6|
||General Funds||||125,607|607,659|(297,129)|(343,870)|92,267|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000|||268,870|668,870|
||Governance|Development|Fund|||||75,000|75,000|
||||||525,607|607,659|(297,129)||836,137|
||||||At 01|Incoming|Resources||At 31 August|
|||||September 2019||resources|expended|Transfers|2020|
||Charity||||f|6||||
||General Funds||||101,448|368,382|(344,223)||125,607|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000||||400,000|
||||||501,448|368,382|(344,223)||525,607|





## 

|OR|THE Y|EAR ENDED 31AUG|EAR ENDED 31AUG|UST 2021|||||
|---|---|---|---|---|---|---|---|---|
|22|Analysis|of net assets between||funds||Unrestricted|Restricted|Year ended 31|
|||||||Funds|Funds|August2021|
||Group|||||f||f|
||Fund balances||at 31 August 2021|are represented|by:||||
||Intangible assets|||||1,508||1,508|
||Current|assets/(liabilities)||||938,939||938,939|
|||||||940,447||940,447|
|||||||Unrestricted|Restricted|Year ended 31|
|||||||Funds|Funds|August2020|
||Group||||||6|6|
||Fund balances||at 31August 2020|are represented|by:||||
||Current|assets/(liabilities)||||576,004|67,908|643,912|
|||||||Unrestricted|Restricted|Year ended 31|
|||||||Funds|Funds|August 2021|
||Charity|||||6|f|f|
||Fund balances||at 31 August 2021|are represented|by:||||
||Fixed Assetlnvestments|||||1||1|
||Current|assets/(liabilities)||||836,135||836,135|
|||||||836,136||836,136|
|||||||Unrestricted|Restricted|Year ended 31|
|||||||Funds|Funds|August2020|
||Charity||||||6||
||Fund balances||at 31August 2020 are represented||by:||||
||Fixed Asset Investments|||||1||1|
||Current|assets/(liabilities)||||525,605|67,908|593,513|
|||||||525,606|67,908|593,514|



## 

|At the reporting<br>end date the charitable<br>group<br>had outstanding<br>cancellable<br>operating<br>leases, which<br>fall due as follows;|commitments<br>for future<br>minimum<br>lease payments<br>u|nder<br>non-|
|---|---|---|
|Group and charity|Other||
||2021|2020|
|Expiry date:|6|6|
|Within one year|324|324|
|Between two and five years|702|1,026|
||1,026|1,350|





## 

## 

|The fallowing<br>related|party transactions|party transactions|were approved|were approved|during the year.||||||
|---|---|---|---|---|---|---|---|---|---|---|
|During the year CST|Professional|Development||Limited|made the following|payments|to Confederation||ofSchool Trusts:||
||||||2021||2020||||
|Administration<br>and accounting<br>services|||||109,592|26,479|||||
|Charitable<br>donation|||||93,822|83,920|||||
|During<br>the year CST|Professional|Development||Limited|made the following|reimbursements||to Confederation||of School Trusts|
|for costs incurred<br>on|the company's|behalf;|||||||||
||||||2021||2020||||
|Conference costs|||||1,090||||||
|Insurance|||||1,346||||||
|Travel and consultants|expenses||||331||5,385||||



||||2021|2020|
|---|---|---|---|---|
|Leadership|team costs||43,510|35,949|
|Administrator|costs||25,651|22,439|
|Communications<br>Officer costs|||4,456|4,578|
|Oversight<br>and administration||services|16,572|15,660|
|Accountancy|services||4,548|4,200|
|Office, IT and communication||costs|2,346|2,377|
|Insurance|||1,795|1,273|
|Trust journal||||920|





## 

## 

## 

|Subsidiaries|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The wholly owned|subsidiary,||CST Professional||Development||Limited,|is incorporated|in England|and Wales (company||number|
|10354936)and pays||all of its taxable surpluses|||to the|parent charitable||company as a|distribution|under gift aid.|||
|The summary<br>financial<br>performance<br>ofthe subsidiary||||||company|alone|is:|Year ended 31||Year|ended 31|
||||||||||August 2021||August 2020||
|||||||||||||E|
|Turnover||||||||||441,559||167,028|
|Cost ofsales||||||||||153,711||54,972|
|Gross profit||||||||||287,848||112,056|
|Administrative<br>expenses||||||||||194,026||28,136|
|Operating<br>profit||||||||||93,822||83,920|
|Interest receivable|and similar||income||||||||||
|Profit on ordinary||activities|before taxation|||||||93,822||83,920|
|Tax on profit|||||||||||||
|Profit on ordinary||activities|after taxation|||||||93,822||83,920|
|Distributions<br>to parent charity|||under gift aid|||||||93,822||83,920|
|The assets and liabilities of|||the subsidiary|were:||||||2021||2020|
|||||||||||E||E|
|Fixed assets|||||||||||||
|Current assets||||||||||462,429||236,619|
|Current<br>liabilities||||||||||(462,428)||(236,618)|
|Total net assets||||||||||1||1|



|The wholly<br>owned|subsidiary,|subsidiary,|National|National|Teacher|Teacher|Accreditation|Accreditation|Ltd,|is incorporated|in England|and Wales (company|and Wales (company|number|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|08650911).|||||||||||||||
|The summary<br>financial||performance||of|the subsidiary|||company|alone|is:|Year ended 31||Year|ended 31|
|||||||||||||August 2021|August 2020||
|||||||||||||E||E|
|Turnover||||||||||||270,173||222,725|
|Administrative<br>expenses||||||||||||203,967||207,740|
|Operating<br>profit||||||||||||66,206||14,985|
|Interest receivable|and similar||income||||||||||||
|Surplus on ordinary||activities before|||taxation|||||||66,206||14,985|
|Tax on surplus||||||||||||12,293||2,837|
|Surplus<br>on ordinary||activities after taxation||||||||||53,913||12,148|
|The assets and liabilities ofthe subsidiary||||||were:||||||2021||2020|
|||||||||||||E||E|
|Fixed assets||||||||||||1,508|||
|Current assets||||||||||||156,039||92,318|
|Current<br>liabilities||||||||||||(53,237)||(41,921)|
|Total net assets||||||||||||104,310||50,397|





## 

## 

|OR|THE YEAR ENDED 31AU|THE YEAR ENDED 31AU|GUST 2021|GUST 2021|||
|---|---|---|---|---|---|---|
|26|Cash generated<br>from/(absorbed||by) operations||2021|2020|
||Group||||8|6|
||Surplus<br>for the year||||296,535|35,631|
||Adjustments<br>for:||||||
||Investment<br>income <br>(Increase)/decrease<br>Increase/decrease|recognised<br>in debtors<br>in creditors|in statement|offinancial activities|(2,304)<br>(26,978)<br>305,736|(6,030)<br>(62,477)<br>237,837|
||Cash generated<br>from operations||||572,989|204,961|
|27|Analysis<br>ofcash and cash equivalents||||2021|2020|
||Group||||f|f|
||Cash<br>in hand<br>and at|bank|||1,383,059|678,286|
||Bank overdraft||||||
||Total cash and cash|equivalents|||1,383,059|678,286|