**REGISTERED COMPANY NUMBER: 07327670 (England and Wales) REGISTERED CHARITY NUMBER: 1140161** **BEIS YAAKOV GIRLS SCHOOL LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2021** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ||**Page**|| |---|---|---| |**Reference and Administrative Details**|1|| |**Report of the Trustees**|2|| |**Independent Examiner's Report**|3|| |**Statement of Financial Activities**|4|| |**Balance Sheet**|5 to|6| |**Cash Flow Statement**|7|| |**Notes to the Cash Flow Statement**|8|| |**Notes to the Financial Statements**|9 to|16| ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2021** **TRUSTEES** J Leitner S S Sinitsky **REGISTERED OFFICE** First Floor 94 Stamford Hill London N16 6XS **REGISTERED COMPANY** 07327670 (England and Wales) **NUMBER REGISTERED CHARITY** 1140161 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** Barclays Bank plc 278 Hoe Street London E17 9QE Page 1 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021** The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 July 2021. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** The information is shown on page 1 of the financial statements and forms part of this report. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the charity are, the advancement of Orthodox Jewish Religious Education, the advancement of such other objects as are for the benefit of the public and are charitable according to the laws of England and Wales. In this respect the trustees have set up a girls' school. The trustees have considered the Charity Commission's general guidance on public benefit and in particular the guidance on advancing education and fee charging. Fees are to be charged but those in financial hardship will be given an allowance or be fully funded, according to circumstances. No child is refused education because of an inability to pay. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The trustees are satisfied with the results of the year. There was an increase in income the increase in school expenditure was much greater leaving a deficit for the year. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £94,874 (2020 - £159,843) of which £7,065 (2020 - Nil)are restricted. ## **FUTURE PLANS** The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 27 July 2010. ## **Organisational structure** The power to appoint new trustees is vested in the board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity. They are also encouraged to read the Charity Commission's various publications on trustees. The day to day running of the school is delegated to administrators. ## **Risk management** The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 31 May 2022 and signed on its behalf by: J Leitner - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **Independent examiner's report to the trustees of Beis Yaakov Girls School Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. E Meyer FCA BSc Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS 31 May 2022 Page 3 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
624,104
**EXPENDITURE ON**
Raising funds
3
8,414
**Charitable activities**
4
Charitable Activities
-
School running costs
687,724
**Total**
696,138
**NET INCOME/(EXPENDITURE)**
(72,034)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
159,843
**TOTAL FUNDS CARRIED FORWARD**
87,809|**Restricted**
**fund**
**£**
32,039
-
-
24,974
24,974
7,065
-
7,065|**2021**
**Total**
**funds**
**£**
656,143
8,414
-
712,698
721,112
(64,969)
159,843
94,874|**2020**
**Total**
**funds**
**£**
604,034
6,587
16,590
599,603
622,780
(18,746)
178,589
159,843| |---|---|---|---| The notes form part of these financial statements Page 4 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **BALANCE SHEET 31 JULY 2021** |**Notes**
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
17
Unrestricted funds:
General fund
Restricted funds:
Restricted fund
**TOTAL FUNDS**|**2021**
**£**
9,505
200,000
30,177
230,177
(96,305)
133,872
143,377
(48,503)
94,874
87,809
7,065
94,874|**2020**
**£**
4,870
203,000
55,918
258,918
(53,945)
204,973
209,843
(50,000)
159,843
159,843
-
159,843| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 5 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **BALANCE SHEET - continued 31 JULY 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 31 May 2022 and were signed on its behalf by: J Leitner - Trustee The notes form part of these financial statements Page 6 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2021** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash (used in)/provided by financing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end**
**of the reporting period**
2|**2021**
**£**
(14,824)
(14,824)
(9,420)
(9,420)
(1,497)
(1,497)
(25,741)
55,914
30,173|**2020**
**£**
31,751
31,751
(7,300)
(7,300)
-
-
24,451
31,463
55,914| |---|---|---| The notes form part of these financial statements Page 7 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2021** ## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** ||**ACTIVITIES**|||| |---|---|---|---|---| ||||**2021**|**2020**| ||||**£**|**£**| ||**Net expenditure for the reporting period (as per the Statement**|||| ||**of Financial Activities)**||(64,969)|(18,746)| ||**Adjustments for:**|||| ||Depreciation charges||4,785|2,430| ||Bank loan||-|50,000| ||Decrease/(increase) in debtors||3,000|(3,000)| ||Increase in creditors||42,360|1,067| ||**Net cash (used in)/provided by operations**||(14,824)|31,751| |**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||| ||||**2021**|**2020**| ||||**£**|**£**| ||Cash in hand||7,634|3,825| ||Notice deposits (less than 3 months)||22,543|52,093| ||Overdrafts included in bank loans and overdrafts falling due within one|||| ||year||(4)|(4)| ||Total cash and cash equivalents||30,173|55,914| |3.|**ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)**|||| |||**At 1.8.20**|**Cash flow**|**At 31.7.21**| |||**£**|**£**|**£**| ||**Net cash**|||| ||Cash at bank and in hand|55,918|(25,741)|30,177| ||Bank overdraft|(4)|-|(4)| |||55,914|(25,741)|30,173| ||**Debt**|||| ||Debts falling due after 1 year|(50,000)|1,497|(48,503)| |||(50,000)|1,497|(48,503)| ||**Total**|5,914|(24,244)|(18,330)| The notes form part of these financial statements Page 8 **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Judgements and key sources of estimation uncertainty** In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis. ## **Income** Donations are included in full in the Statement of Financial Activities when received. Fee income and grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. ## **Expenditure** Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates. Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on cost Computer equipment - 33% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **1. ACCOUNTING POLICIES - continued** ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **2. DONATIONS AND LEGACIES** |**Unrestricted**
**funds**
**£**
Donations
133,149
Grants
124,566
School fees
366,389
624,104|**Restricted**
**funds**
**£**
-
32,039
-
32,039|**2021**
**Total**
**funds**
**£**
133,149
156,605
366,389
656,143|**2020**
**Total**
**funds**
**£**
129,658
167,865
306,511| |---|---|---|---| ||||604,034| Grants received, included in the above, are as follows: |Security Grant
General grant
Job retention scheme|**2021**
**£**
94,903
-
61,702
156,605|**2020**
**£**
18,170
149,695
-| |---|---|---| |||167,865| ## **3. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||||||| |---|---|---|---|---|---|---| ||||||**2021**|**2020**| ||**Unrestricted**||**Restricted**||**Total**|**Total**| ||**funds**||**funds**||**funds**|**funds**| ||**£**||**£**||**£**|**£**| |Advertising|7,761|||-|7,761|6,587| |Credit card charges||653||-|653|-| ||8,414|||-|8,414|6,587| |**CHARITABLE ACTIVITIES COSTS**||||||| ||||**Direct**||**Support**|| ||||**Costs**|**(see**|**costs (see**|| ||||**note**|**5)**|**note 7)**|**Totals**| ||||**£**||**£**|**£**| |School running costs|||680,966||31,732|712,698| ## **4. CHARITABLE ACTIVITIES COSTS** Page 10 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **5. DIRECT COSTS OF CHARITABLE ACTIVITIES** |**2021**
**£**
Staff costs
348,916
Rent, rates and service charge
119,724
Insurance
2,775
Light & heat
7,373
Telephone
2,639
Books and stationery
17,082
Staff training
8,408
Special needs and therapy fees
34,576
Cleaning
13,320
Repairs and maintenance
28,257
Educational equipment
3,236
Outings and activities
5,738
Security
25,019
Food
5,611
Professional fees
53,507
Depreciation
4,785
680,966
**6.**
**GRANTS PAYABLE**
**2021**
**£**
Charitable Activities
-
The total grants paid to institutions during the year was as follows:
**2021**
**£**
Advancement of education
-
**7.**
**SUPPORT COSTS**
**Governance**
**Management**
**costs**
**£**
**£**
School running costs
27,933
3,799|**2020**
**£**
369,231
73,415
-
8,940
1,847
19,287
72
18,196
12,550
26,802
1,558
11,296
19,370
11,942
1,720
2,430|**2020**
**£**
369,231
73,415
-
8,940
1,847
19,287
72
18,196
12,550
26,802
1,558
11,296
19,370
11,942
1,720
2,430| |---|---|---| ||578,656|| |||**2020**
**£**
16,590| |||**2020**
**£**
16,590| |||**Totals**
**£**
31,732| Page 11 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **7. SUPPORT COSTS - continued** Support costs, included in the above, are as follows: ## **Management** |Support costs
**Governance costs**
Independent examiner's fee
Independent examiner's other fees
General expenses|**2021**
**2020**
**School**
**running**
**Total**
**costs**
**activities**
**£**
**£**
27,933
17,460
**2021**
**2020**
**School**
**running**
**Total**
**costs**
**activities**
**£**
**£**
1,080
1,080
2,040
2,250
679
157
3,799
3,487| |---|---| ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |Depreciation - owned assets|4,785|2,430| ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020. ## **10. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**2021**
**£**
334,462
7,036
7,418
348,916|**2020**
**£**
344,512
8,208
16,511| |---|---|---| |||369,231| Page 12 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **10. STAFF COSTS - continued** The average monthly number of employees during the year was as follows: |Teachers
Office
Cleaning|**2021**
44
3
2
49|**2020**
44
3
2| |---|---|---| |||49| The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: ||||**2021**|**2020**| |---|---|---|---|---| ||£80,001 - £90,000||-|1| |**11.**|**TANGIBLE FIXED ASSETS**|||| |||**Plant and**|**Computer**|| |||**machinery**|**equipment**|**Totals**| |||**£**|**£**|**£**| ||**COST**|||| ||At 1 August 2020|-|7,300|7,300| ||Additions|9,420|-|9,420| ||At 31 July 2021|9,420|7,300|16,720| ||**DEPRECIATION**|||| ||At 1 August 2020|-|2,430|2,430| ||Charge for year|2,355|2,430|4,785| ||At 31 July 2021|2,355|4,860|7,215| ||**NET BOOK VALUE**|||| ||At 31 July 2021|7,065|2,440|9,505| ||At 31 July 2020|-|4,870|4,870| |**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**2021**|**2020**| ||||**£**|**£**| ||Other debtors||200,000|203,000| Page 13 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** |**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 15)
Social security and other taxes
NEST
Teachers Pension
Loan
Accruals and deferred income
**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 15)
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst
**16.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
Fixed assets
2,440
7,065
Current assets
230,177
-
Current liabilities
(96,305)
-
Long term liabilities
(48,503)
-
87,809
7,065|**2021**
**£**
4
2,361
224
1,596
60,000
32,120
96,305

**2021**
**£**
48,503
**2021**
**£**
4
48,503
**2021**
**Total**
**funds**
**£**
9,505
230,177
(96,305)
(48,503)
94,874|**2020**
**£**
4
1,842
278
3,491
45,000
3,330
53,945
**2020**
**£**
50,000
**2020**
**£**
4
50,000
**2020**
**Total**
**funds**
**£**
4,870
258,918
(53,945)
(50,000)
159,843| |---|---|---| Page 14 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **17. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||**Net**|| |||**movement**|**At**| ||**At 1.8.20**|**in funds**|**31.7.21**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|159,843|(72,034)|87,809| |**Restricted funds**|||| |Restricted fund|-|7,065|7,065| |**TOTAL FUNDS**|159,843|(64,969)|94,874| |Net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|**Movement**| |**resources**||**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|624,104|(696,138)|(72,034)| |**Restricted funds**|||| |Restricted fund|32,039|(24,974)|7,065| |**TOTAL FUNDS**|656,143|(721,112)|(64,969)| |**Comparatives for movement in funds**|||| |||**Net**|| |||**movement**|**At**| ||**At 1.8.19**|**in funds**|**31.7.20**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|178,589|(18,746)|159,843| |**TOTAL FUNDS**|178,589|(18,746)|159,843| |Comparative net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|**Movement**| |**resources**||**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|523,403|(542,149)|(18,746)| |**Restricted funds**|||| |Restricted fund|80,631|(80,631)|-| |**TOTAL FUNDS**|604,034|(622,780)|(18,746)| Page 15 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021** ## **18. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2021. Page 16