**REGISTERED COMPANY NUMBER: 07948381 (England and Wales) REGISTERED CHARITY NUMBER: 1151408** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021** **FOR** ## **JEWISH INTERACTIVE LIMITED** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH **JEWISH INTERACTIVE LIMITED** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Cash Flow Statement**|6| |**Notes to the Cash Flow Statement**|7| |**Notes to the Financial Statements**|8 to 14| **JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives and aims of the charity and its principal activities are: a) the advancement of Jewish religious education through modern methods of communication; b) the advancement of education of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture; c) such other purposes as are for the public benefit and are charitable according to English law. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity commission's general guidance to public benefit when reviewing the charity's aims and objectives and in planning future activities. ## **Volunteers** There were no volunteers during the year. ## **STRATEGIC REPORT** ## **Achievement and performance** ## **CEO summary** During 2020 Jewish Interactive responded to online learning needs required by the pandemic and developed the infrastructure and framework to continue to explore, innovate and adapt to the next generation's needs, helping them build Jewish educational experiences that inspire, connect and motivate the next generation. We are determined to keep asking questions, engineer solutions and provide the tools and resources our users want and need to fulfil their roles in educating and inspiring the next generation. We have been developing our new learning platform Jigzi which is due for release in January 2022 to meet our users requirements. We had a successful crowdfunding campaign, proving public support for Jewish Interactive. We are currently working on a new strategic plan for the next three years ahead. ## **Internal and external factors** The Trustees have considered the potential impact of the Covid-19 pandemic, which has been spreading since early 2020, on the Charity's activities. The Trustees have taken appropriate action to follow government guidance and to mitigate the effects of Covid-19 on the finances of the charity. ## **Financial review** ## **Principal funding sources** The principal funding sources are grants and donations as well as income from charitable activities. ## **Reserves policy** The charity aims to maintain reserves in order that it is in a position to continue its activities at a consistent level and to cover contingencies. The present level of funding is adequate to support the continuation of the charity's activities. ## **Future plans** The trustees plan to continue their work to advance Jewish religious education through modern methods of communication, advance education of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture and other purposes as are for the public benefit and are charitable according to English law. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1 **JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021** The charity is constituted as a company limited by guarantee and as such its governing documents are its Memorandum and its Articles of Association. ## **Recruitment and appointment of new trustees** The first trustees shall be those persons appointed as directors of the Company on its incorporation. Thereafter the trustees shall be appointed in accordance with the provisions of the articles. The Trustees may appoint any individual aged 16 years or over, who is not disqualified from directorship or otherwise disqualified from charity trusteeship, to be a Trustee, either to fill a vacancy amongst the Trustees or as an additional Trustee, provided that the appointment does not cause the number of Trustees to exceed any maximum number for the time being in force pursuant to the provisions of the Articles. ## **Risk management** The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07948381 (England and Wales) ## **Registered Charity number** 1151408 ## **Registered office** First Floor, Winston House 349 Regents Park Road London N3 1DH ## **Trustees** Mrs S Teacher Mr J Kett Mr B Levine Mr D J Bloom Mrs J Kanzen Mr D S Teacher Mrs J Myers Mr C Wagman ## **Independent Examiner** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 November 2021 and signed on the board's behalf by: Mrs J Kanzen - Trustee Page 2 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF JEWISH INTERACTIVE LIMITED (REGfSTERED NUMBER: 07948381) Independent examiner's report to the trustees of Jewish Interartive Limited ('the Company.) I report to the charity trustees on tny exafflination of the accounts of the Company for the year ended 28 February 2021. Responsibilities and basis of report As the charivs trustees of the Company (and also its directors for the purpose5 of cotnpany lawl you are responsible for the preparation of the a￿oUnts in accordance with the requirement5 of the Companies Act 20061.the 2006 Att'l. Having satisfied myself that the account5 of the Cornpany are not required to be audited under Part 16 01 the 2006 Act and are eligible lor independent exarnination, I report in r￿pect of my examlnation of your charity'5 accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Oirections glven by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examiner's statement since your charity's gross Income exceeded E250,000 your examiner must be a member of a listed tody. I can confirm that l am qualified to undertake the exarnination because I arn a ￿gIStered member of the Institute ol Chartered Accountants In Englènd and Wales which is one of the listed bodies. I have cornpleted rny exarrinatron. I confimi that no matters have come to tny attenbon in connection with the examlnatlon giving rne cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Att. or the accounts do not accord with thoE records,. or the accounts do not cotnply with the accounting ￿quirementS of sectlon 396 of the 2006 Act other than any requiretnent that the accounts give a true and fair view which is not a rnatter considered as part of an Independent examination,. or tIE accounts have rx)t been prepared In accordance with the methods and principles ol the Ststement of RecomffleTKled practi￿ for accounting and rewrting by charities (appI￿able to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Repuilic of Ireland {FRS 102)}. I have no concerns and have come across no other matters in connection with the examinatlon to which attentK)n should be drawn in this report In older to enable a proper understanding of the accounts to be reached. Danny FSne, FCA Melinek Flne LLP Chartered Accountants First Floor, Winston House 349 Regents Park Ro London N3 IDH 30 November 2021 Page 3 ## **JEWISH INTERACTIVE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2021** |Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**280,593**
**505,912**
Other trading activities
3
**147,002 **
**-**
**Total**
**427,595**
**505,912**
**EXPENDITURE ON**
Raising funds
4
**7,511**
**-**
**Charitable activities**
5
Charitable activities
**406,850**
**6,988**
**Total**
**414,361**
**6,988**
**NET INCOME/(EXPENDITURE)**
**13,234**
**498,924**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**7,881**
**89,441**
**TOTAL FUNDS CARRIED FORWARD**
**21,115**
**588,365**|**2021**
**Total**
**funds**
**£**
**786,505**
**147,002 **
**933,507**
**7,511**
**413,838**
**421,349**
**512,158**
**97,322**
**609,480**|2020
Total
funds
£
494,786
36,083
530,869
9,444
546,152
555,596
(24,727)
122,049
97,322| |---|---|---| The notes form part of these financial statements Page 4 ## **JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381)** ## **BALANCE SHEET 28 FEBRUARY 2021** |Notes
**FIXED ASSETS**
Intangible assets
12
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
16
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**52,944**
**2,401 **
**55,345**
**418**
**36,668**
**37,086**
**(58,666)**
**(21,580) **
**33,765**
**(12,650)**
**21,115**|Restricted
fund
£
**447,941**
**-**
**447,941**
**-**
**140,424**
**140,424**
**-**
**140,424**
**588,365**
**-**
**588,365**|**2021**
**Total**
**funds**
**£**
**500,885**
**2,401 **
**503,286**
**418**
**177,092**
**177,510**
**(58,666)**
**118,844**
**622,130**
**(12,650)**
**609,480**
**21,115**
**588,365**
**609,480**|2020
Total
funds
£
13,565
2,952
16,517
17,931
138,985
156,916
(7,111)
149,805
166,322
(69,000)
97,322
7,881
89,441
97,322| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 financial statements were approved by the Board of Trustees and authorised for issue on 30 November 2021 and were signed on its behalf by: Mrs J Kanzen - Trustee The notes form part of these financial statements Page 5 ## **JEWISH INTERACTIVE LIMITED** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2021** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
**Cash flows from financing activities**
New loans in year
Net cash 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**
**Cash and cash equivalents at the end of**
**the reporting period**|**2021**
**£**
**526,870**
**526,870**
**(487,320)**
**(1,443)**
**(488,763) **
**-**
**-**
**38,107**
**138,985**
**177,092 **|2020
£
(34,040)
(34,040)
(13,565)
(3,439)
(17,004)
69,000
69,000
17,956
121,029
138,985| |---|---|---| The notes form part of these financial statements Page 6 **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2021** |**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW**
**ACTIVITIES**
**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**
2.
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1.3.20
£
**Net cash**
Cash at bank
**138,985**
**138,985**
**Debt**
Debts falling due within 1 year
**-**
Debts falling due after 1 year
**(69,000)**
**(69,000)**
**Total**
**69,985**|**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW**
**ACTIVITIES**
**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**
2.
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1.3.20
£
**Net cash**
Cash at bank
**138,985**
**138,985**
**Debt**
Debts falling due within 1 year
**-**
Debts falling due after 1 year
**(69,000)**
**(69,000)**
**Total**
**69,985**|**FROM OPERATING**
**2021**
2020
**£**
£
**512,158**
(24,727)
**1,994**
1,732
**-**
962
**17,513**
(17,453)
**(4,795)**
5,446
**526,870**
(34,040)
Cash flow
**At 28.2.21**
£
**£**
**38,107**
**177,092**
**38,107 **
**177,092 **
**(56,350)**
**(56,350)**
**56,350**
**(12,650) **
**-**
**(69,000) **
**38,107**
**108,092**| |---|---|---| |||| |||| The notes form part of these financial statements Page 7 **JEWISH INTERACTIVE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure on educational software development is written off as incurred. Its value is not recognised until it is realised. Any income arising from the use or sales of such software is recognised on receipt. This is a change in accounting policy and has resulted in the comparative figures being restated. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **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. continued... Page 8 **JEWISH INTERACTIVE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** |**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Fundraising events
Grants
Grants received, included in the above, are as follows:
Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Charitable activities
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Events
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Charitable activities
**289,798**
**6.**
**GRANTS PAYABLE**
Charitable activities|Grant
funding of
activities
(see note
6)
£
**80,467**|**2021**
**£**
**77,960**
**6,233**
**-**
**702,312**
**786,505**
**2021**
**£**
**702,312**
**2021**
**£**
**147,002**
**2021**
**£**
**7,511**
Support
costs (see
note 7)
£
**43,573**
**2021**
**£**
**80,467 **|2020
£
65,065
13,886
46,965
368,870
494,786
2020
£
368,870
2020
£
36,083
2020
£
9,444
Totals
£
**413,838**
2020
£
125,003| |---|---|---|---| ||||| Grants to institutions are comprised of grants to Jewish Interactive in America. continued... Page 9 **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** ## **JEWISH INTERACTIVE LIMITED** ## **7. SUPPORT COSTS** |Management
£
Charitable activities
**36,826**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Deficit on disposal of fixed assets|Governance
Finance
costs
£
£
**354**
**6,393**
**2021**
**£**
**1,994**
**-**|Totals
£
**43,573**
2020
£
1,733
962| |---|---|---| ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 29 February 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 28 February 2021 nor for the year ended 29 February 2020. ## **10. STAFF COSTS** ||**2021**|2020| |---|---|---| ||**£**|£| |Wages and salaries|**189,728**|211,460| |Social security costs|**21,843**|20,684| |Other pension costs|**3,764 **|3,975| ||**215,335**|236,119| |The average monthly number of employees during the year was as follows:||| ||**2021**|2020| |Employees|**3**|4| |The number of employees whose employee benefits (excluding employer pension|costs) exceeded|£60,000 was:| ||**2021**|2020| |£80,001 - £90,000|**1**|-| |£100,001 to £110,000|**-**|1| ||**1**|1| continued... Page 10 **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** |**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
359,334
Other trading activities
36,083
**Total**
395,417
**EXPENDITURE ON**
Raising funds
9,444
**Charitable activities**
Charitable activities
488,317
**Total**
497,761
**NET INCOME/(EXPENDITURE)**
(102,344)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
110,225
**TOTAL FUNDS CARRIED FORWARD**
7,881
**12.**
**INTANGIBLE FIXED ASSETS**
**COST**
At 1 March 2020
Additions
At 28 February 2021
**NET BOOK VALUE**
At 28 February 2021
At 29 February 2020|Restricted
Total
fund
funds
£
£
135,452
494,786
-
36,083
135,452
530,869
-
9,444
57,835
546,152
57,835
555,596
77,617
(24,727)
11,824
122,049
89,441
97,322
Development
costs
£
**13,565**
**487,320**
**500,885**
**500,885**
13,565| |---|---| continued... Page 11 **JEWISH INTERACTIVE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** ## **13. TANGIBLE FIXED ASSETS** |**COST**
At 1 March 2020
Additions
At 28 February 2021
**DEPRECIATION**
At 1 March 2020
Charge for year
At 28 February 2021
**NET BOOK VALUE**
At 28 February 2021
At 29 February 2020
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 17)
Social security and other taxes
Pensions
Accruals and deferred income
**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 17)
Other loans (see note 17)|Computer
equipment
£
**19,700**
**1,443**
**21,143**
**16,748**
**1,994**
**18,742**
**2,401**
2,952
**2021**
2020
**£**
£
**-**
17,500
**418**
431
**418**
17,931
**2021**
2020
**£**
£
**56,350**
-
**(487)**
5,506
**1,842**
645
**961**
960
**58,666**
7,111
**2021**
2020
**£**
£
**12,650**
-
**-**
69,000
**12,650**
69,000| |---|---| continued... Page 12 **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** ## **17. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
**18.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.3.20
£
**7,881**
**89,441**
**97,322**
Incoming
resources
£
**427,595**
**505,912**
**933,507**|**2021**
**£**
**56,350**
**12,650**
**-**
**12,650**
**-**
Net
movement
in funds
£
**13,234**
**498,924**
**512,158**
Resources
expended
£
**(414,361)**
**(6,988)**
**(421,349) **|2020
£
-
-
56,350
56,350
12,650
At
28.2.21
£
**21,115**
**588,365**
**609,480**
Movement
in funds
£
**13,234**
**498,924**
**512,158**| |---|---|---|---| continued... Page 13 **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021** ## **18. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.3.19
£
**Unrestricted funds**
General fund
110,225
**Restricted funds**
Restricted fund
11,824
**TOTAL FUNDS**
122,049
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
395,417
**Restricted funds**
Restricted fund
135,452
**TOTAL FUNDS**
530,869|Net
movement
At
in funds
29.2.20
£
£
(102,344)
7,881
77,617
89,441
(24,727)
97,322
Resources
Movement
expended
in funds
£
£
(497,761)
(102,344)
(57,835)
77,617
(555,596)
(24,727)| |---|---| ## **19. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 28 February 2021. Page 14