Charity Registra￿0￿ No. 1170647
ILFA
A COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

ILFA
A COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Olufunke 4ayi Adekoya
Howard Barrie
Timothy Taylor
David ￿"YambE
Daniel Mutisya
Charlty number
1170647
Company number
09085MO
Registered ¢Jffice
First Floor. Sentinel House
Senbnel Square
London
NW4 2EP
Indepondent examiner
Jacky C Lax FCA
Jacob ChadÈ% & Co
SenlÈnel House, Sentinel Square
London NW4 2EP

ILFA
A COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Trustees. feport
Slalement of Trustees. responsibilities
Independent examinews ieKX)rt
Slalement of finanaal activities
Balan￿ sheel
Notes to the accounts
9-14

ILFA
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
The Irusteps present their iewrt and accounts for the year ended 30 November 2021.
The gccounts have been prepared in accordance wrth Ihe accounting poliue5 sel out in note 1 to the
accounts and comply with ILFA'S CDnsiilulion. the Companies Act 2006 and-AcGountsng and Rèporting by
Charities.. Slalement of Recommended Prath'ce appltcable lo charibes p￿paring their accounts in
accordance with the Financial Reportang Standard appliGable in the UK and Republtc ol Ireland IFRS 1021"
leffective from 1 January 20191
Structure, govemance and management
ILFA is a company limfted by Guafanlee and is registe￿ as a Charity, and on 27 September 2021
adopted New ArticlÈs of Association thal uOaled those adopted in December 2015 when ILFA was first
registered as a Charity_
The trustees. who are also directors lor the purposes of Company law. Se￿ed during Ihe year were."
Olufunke Adekoya
Howard Barrie
rifflolhy Taylor
David Ziyamb
Daniel Mu115ya
John Ludden
Tinashe Makoni
Kem Uzoma Ihenacho
Melissa Buuer
Geeta Khehar
Aboubacer Fall
OlUm￿berRlg# oye￿￿e
laptK)inted 5 February 2021}
{appointe(15 February 20211
lappoinled 1 septeM￿r 20211
lappojnled 1 September 2D211
(resigned 1 November 20211
(resigned 1 November 20211
(re5igfted 5 February 20211
(resigned 5 February 20211
(resigned 5 FebAJary 20211
(resigned 5 February 20211
resigned 5 Febru8ry 20211
On 21 January 2022 Mrs Stjsan Craughan was appointed as an a(Jdilional director.
The goveinance of the Company is ihe responsibility of Ihe Boar(J (the membets ol which are 81so the IrusieÈs
of the charity). which is elected by ILFA'S member5 at an Annual General Meeting. The Board member5
serve a maximum ￿nDd of a three-yearlemi before rebring at the next AGM. Each Board member is eligible
lo sland lor ie-election, once, thereby serving Iwo consecutive Ihree years lern)s, and for a third term subject
to a Board Resolution apprDve(t by all the other directors.
None of the Injslees has any beneficial interest in the company. Al of the trustees are MeMi￿r5 of the
company and guarant* lo Gontribute £1 in the event ol a wnding up.
The Board is responsible fDr the general control and managemeni ol ILFA.
The Board meets regularfy throughout the year and there are SUb-￿MM￿ees and groups. which report lo
the Board. All Signifi￿nI opeffjliofjal dea"5i0ns are made by the Board. with certain key decisions approved
by the member5 in open meeting.
Follc)wing appoinlmentr new Trustees each of whom are for ihe time being Qualified lavryers, are introduced
to their role and given &ce5S to the Memorandum & Articles of Association and a guide lo the policies and
procedures adopted by the Company. Eath of Ihem are m3¢Je aware of the Company's slalus a5 a registered
charity and consequelluy the SCDpe of their responsibilities undet the Charitie5 Act.

ILFA
A COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
Objectives and activities
ILFA'S objectives arè for thè public benefrt lo facilitste the advancement of posl-graduale level legal
eduG*ion and the study of law by indikiduals from Ihe ts)ntinent ofAfrica.
The trustees have patty due regard to guidance issued by the Charity Commtssion in deciding whtch
activities the charity should undertake.
In common wlh many Similar charities. ILFA reliant on subsoiptions and participatory 5UPPOrt of UK
legal firms.
Achievements and people
Under the (lirection of our Chief Executivè offi￿r ILFA provides educalional services. including its Flagship
Programme under which African lawyers of promise are *leded to attend a 3 month prograrnme and lo
work with sponsorlng legal firws in the UK.
Faleema Benjamin wag appoinle(l as Proiect Manager in March 2021.
ILFA'S plans for the year were greally affeGled by the Covid-19 pandemic, which ha5 caused the
poslponemenl of the Flagship Programme for the year and the can¢ellats"on of our anntjal fundraising Gala
Dinner. However. before the Pandemic t(x)k effect ILFA was able Èo hold a successfLJI Elevate Legal
ExGellence Academy in Nairobi, Kenya in February 2020, and in October 2021 3 further Le9al Excellence
Acaderny was held on a digital forr¥>al platfomi_
Futur• Plan$
The Trustees will continue lo athieve the stated ot¥ectTves by prowding an annual edLtcalional progrdmme,
and rel8led adivilies. Building on the wwularity of the d￿lIa[ Legal Excellen￿ Acadeiny ILFA is planning
to hold up lo 3 in the first halfof 2022. in Kampala. Lagos and Lusaka sponsorship and participation of
a mixture of local and inlerr)81ional law fimis. Now that in the UK social distancing iegulab'on and Iravel
reslriclions have been lifted, we are planning lo holij our Flagship Programme based In London. Dubai and
South Afn"c3 in Aulbmn 2022. With w01￿.￿g from Home- for al least part of 8 working week r>ow teing the
norm for UK solicitors, fims, therè is a degree of leti￿￿￿ amongst some traditional sponsors to
participate In the Programffle and the related actÈvib"es that take place around il.
Public Benefit
The Iwslees have Complied with their duty in seclion 17 of the Charibes Act 2011 to have due regard lo the
guidelines published by the Charities Commission_
Flnanclal rgview
The accounts for 2021 are presenled within this teporl. Th8 trustees are advised, by their èccountsnts that
no audit is required this year. The Iruslees conlirln that the accounts and the related note5 comply wilh
current statutory requirements. the requiremenis of ILFA'S constitution. and thè wuirements of the
St21ement of Recommended Practi¢e appli¢able to charib.es preparing their accounts in aGcor(lance with
the Financial Reporting SlandarcS applica￿e rn the UK and Republic of Ireland IFRS102).

ILFA
A GOMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
As Jt 30 Noyember2021 ILFA hekl ur4resbfjdwJ gerjernl funds of £49.447 (2020 .. £26.858}. R held J
uareslricted designated, 01 Trstri(*d AJTrJ8. The 80a￿ belEves the rernains stablo and
vllll c¢)ntinue tD mnrtor (x)sts (X￿￿￿tY throwhovt thts d61rt¥tt e0)nOm￿ wlod.
# sg the pdiGy of the 8Dard I￿t uDrestrTded Ojnds which habE not ljeen cJesvJn8ted for a sp#Lific use
should be malntained at a 5evel equ￿nI to iEtr+Een tr￿ee- and six-tnonth's eXp￿d￿lre. Tho trustees
e¢)nsiderth8t reserves at Ih*s the¢ w￿1 tha( in Ihe event st9nÈficant dN)p in lundin9, tlw be
avle to C(￿bDUe ILFA'5 current a(Xi¥it*s tt)nsideFatK)n is gi%*n to vrnys In whth 8dditional fund5 FTray
be r&iwl. Thks ol rese*ye3 has t*en throu9hout the year.
The trustses have assessed the w risks Io SLFA is exp)wJ and ar* saisfied that systemg aFe in
Pla￿ to mtsgate exposure to the rnaJ￿ risks.
The blJStees'
port was appro¥e•J Lry thè Tntst¢es and on belwW4)flho TnEstsss by
How8ft1 Barrte
Dated.. 26 2022

ILFA
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 NOVEMBER 2021
The InJslees, who are also the directots of ILFA: are responsible loi preparing the Trustees. Report and the
financial statements in a¢cordance with applicable law and United Kingdom Ac¢ounb"ng Standards (United
Kingdom Generally Accepted Accounting Prdth"ce).
The law applicable to charities in England and Wales require5 the trusl8es to prepare financial slalements
for each financial year which give a true and fair of the stste of affairs of ILFA and ol the incoming
resources and application of resour￿ for that year.
In prep8ring these accounts. the trust￿$ are required to".
select suitable aC￿Unting p(Aioes and Ihen apply Ihem ci)nsistenUy-
observe the melhLyJs and winciples in the charib.es SORP,.
make judgemonls and èsimates Ih81 are reasonable arHJ prudent",
stsle whelherepplicable accounting slandards have been followed. subj￿1 to any material
(Jeparture5 disclosed and explained in the accounts- and
prep8r& the accounts on the going concem basis unless it is inappropriate lo presume that the
charity wi15 cont'nue in operab"on.
The trustèes gre responsiblè lor keeping suffictent accounting records Ihal disclose with reasonable
accuracy at any time the financial wstlKJn ol ILFA and enable theffl to ensure lh.al the accounts comply
with the Companies Act 2006. They are also ￿spOnSible for saleguaroing Ihe assels of ILFA and hence lor
taking reasonable steps for the prevention and deiection of fraud and other irregularities.

ILFA
A COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ILFA
I report lo the trustees on my examination of the financial slalements of ILFA (the charity) fof the
year ended 30 November 2021.
Responsibllitie$ and basis of report
As the tTUStees of Ihd charity land also it5 directors for the purposes of company lawl you are
Fesponsible for the preparation of the financial Sialernents in accordance with the requirements
of the Companies Act 2006 (the 2006 Acll.
Having satisfied myself th8tthe finanual statements of the charFty are not required to be audited under
Part 16 01 the 2006 Act and arg eligible for independent examination, I report in respect of my
examination of the charity's financial statements carried out under section 145 01 the Charities Act
2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions
given by the Charity Commission un¢Jer sectson 14515Kb) of the 2011 ACL
Independent examinerfs statsment
I have completed my examlnalion. l Gorffirm that no matters have come io my attention in
onr*ection with the examinaiion giving me cause to believe that in any tnalerial re5pecl.'
accounting records were nol kept Én ￿SpeG1 of the charity as required by section 386 of the
2006 Act," or
the finan¢ial statements do not accord with those records."
the financial statements do not CoM￿Y with the accourating requirements ol section 396 of
the 2006 Act other than any requiremenl that the accOu￿ts give a true and fair vièw which
is not a mattel considered a5 part of an independent examination", or
the financial statements have not been prepared in accordance with the methods and
principl6s of the Stslement of Recommended Practice for ar£ounting an¢J reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicaole in the UK and Republic of Ireland [FRS 102).
I have no ¢on¢ems and have come across no other matters in connectlDn Mth the exatllinalion
to whi¢h 8ttenlion shoulé be drawn in Ihis report in ordei lo enable a proper understanding of
the financial statements to be reached.
Jacky C
CA
Member of the Institute of Charteréd Accountants in England and Wale5
Jacob Chartes & Co
sents.nel House, Sentinel Square
London NW4 2EP
Dated. 26 Juty 2022

ILFA
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2021
Unre5triGted
funds
Restrictsd
funds
Total
2021
Total
2020
Notes
Income from:
Subscriptions
Members. Coniributions
Evènts
Grants
Donations
Gala dinner
Other income
27.500
27.500
25,$00
25.500
47,416
16,301
1,114
12.490
12,490
Total income
65.490
65,490
64,831
Ex
ènditure on:
Direct event costs
15.806)
15,8061
144,0191
Charitable activities
137.1351
137,1351
131,3941
Total resources ex￿nded
142.9411
142,9411
175.4131
Net (outgoingl l incoming resources
22.549
22,549
110,5821
Other recognlsed gains and105ses
Interest re￿iVed
40
Net movement in funds
Taxation
22,589
22,589
110,5711
22,589
28.858
22.589
28.858
110,5711
37.429
Fund balarice 1 De￿mber 2020
Fund balance 30 November 2021
51.447
S1.447
26,858
The 5talement of financial activities includes all gains and losses reujgnisgj in the year_
All income and expendilvre ijerive from conts'nuing acts"viti"es.
The 51atemenl of financial aoivilies also comp￿seS ihe requirements for an income and expenditur8 accounl under
The Companies Act 2006.

ILFA
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS A T30 NOVEMBER 2021
2021
2020
Notes
Fixed assets
Investment in subsidiary
10
Current assets
Debtor5
Gash al bank and in hand
8.315
60,451
5.879
46.373
68.766
52,252
Creditors. amounts falling due within
one year
12
119.3201
125,395}
Nel cur￿nt assets
4g.446
26,857
Totsl assets less current liabilities
49.447
26.858
Income funds
Restricted funds
Unreslricled funds
Designated funds
General unrestricted fvnds
49,447
26.858
49,447
26,8
49.447
26,858
The company is enlilled lo exempb.on from the audit requirement contained in section 477 of the Companies
Act 2006, lor She year end&1 30 Novembei 2021.
Th& directors acknowledge their reSponsi￿.111[es lor ensuring that the charity keeps accounting records which
comply with secliu) 386 of the Acl and for prepallrtg financial slatements whth give a true and fair view
of the state of affairs of the Gompany as al the end ol the financial year and of its incoming resources an
application of resources, Including its incorne arjd expendttUf8, for the finan¢ial year in a¢cordance wilh the
requirements ol sections 394 and 395 and which olhewse comply wth the iequirements of the Cofftpanies
Act 20D6 relating lo finanual st8tements. so far as applicable to the Ggmpany.
The members have not required the company to obtain an audrt ol its finanual slatements for the year In
quesiion in accordance Wilh section 476.
These financial slatetnents have been prepared in accordance wlh the provisions appli(xble to companies
subjeu io ihe small companies ￿girne,

ILFA
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS A T30 NOVEMBER 2021
The statem¢nf¥ appEwed try the Tr￿188$ 4)n 26 J￿ty 2Q22
Signed by Howard Bafrfe
on bohajf of thè Trust*è¥
Company R¢Alstratlon number. 09085140

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
Accounling pollcles
Charity infommtion
ILFA conslitules a public tEnefil enlrty as deffined by FRS 102.
Accountlng ￿nVent10Th
The accounts have been prepared in accordan￿ ILFA'S governing document. the Charrties
Act 2011 and °Accounlr"ng and Reporting by Charities.. Statemeni of Recommended Pra¢ti¢e
applicable lo chanties preparing their a￿UnIS in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191.
ILFA is a Public 8enefft Entity as defined by FRS102.
ILFA has taken advantage of the provistons in Ihe SORP for charities r￿t to prepare a Stslement
ol Cash Flows.
The accounts are prepaied in slerfing. which is the funth.onal currency of ILFA. Monetsry amounts
in these financial statements are roundett lo the nearest £.
The accounls have been prep8red Ltnder the historical cost Gonven￿.0￿. The principal accounting
policies adople¢ are sei out below.
Golng concern
At the time ol apprown9 the accounts, the twstees have a reasonable expectalion that ILFA hgs
adequatè resources to conlinup in operational existence for the fareseeable future. Thus the
twstees conknnue to acjopl the going wncem basis of accounting in preparing the financial
statements.
Charitable funds
Unrestricted funds are available foi use at the dr5crelion of Ihe trustees in furtheiance of their
charitable objectives unless the fund5 have been ijesignaled for other purposes.
Restocted furM15 are subjed to speufic conditions ty dork)rs as lo how they may be used. The
purposes and uses of the reslricled funds are sel out in the notes lo the accounts.
Designed funds comprise Un￿tricted fvn(Js that have been sel aside by the Trustees for particular
purFxJses. The aim and use ol e3ch designed fund is gel out in the notes lo tho financial
slalemenls.
InGoming resource5
Income is re¢ognised when ILFA is legally entitled to it after any performance conditions hèvè
been mel. the amounts can be measured reliably. and it k% probable tt)at income will be received.
Cash donations are recognised ￿ receipt. Other thnatiolls a￿ re(wnised once ILFA has been
notifi& of Ihe donation, unless perfomiance condits.ons iequire deferral of the amount, Income tax
recovèr8ble in rel8tH)n to donations received undei Gift Aid or deeds of covenant is reco9nised at
the time of the donation.

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
A¢¢ountlng pollcles (continued)
Tumover représents the value of invoiced sales.
Grants and donations are recognised for accounltng purposes up)n re￿ipl.
Resources ex￿nded
Charilable expenditure comwses all expenditure diiedy relating to Ihe objectives of the
a(Jminislralion c051 of Dperaling the Charity.
Govemance costs indude audit costs, and legal advice for Ihe trustees and any other costs
associalfyy with ¢onslilutiollal and statutory reqU1￿MentS.
Support costs- the amounts disdosed ￿der each ol the aly)ve categorie5 comprise Ihose costs
which are directly attributable to that calegory logelhpr with an apportionment of support cosls.
Support costs aro those c051s that are not directly atthbulable to a single activity but provide the
necessary otganisab"ofjal support for all the charity's acbvilies. The support costs have been
allocated lo the charitis activities lo which they relate.
Consolidation
ILFA is a parent company subject to the small c(xnpanies' regime. ILFA and ils subsidiary
compnse è small group, and ILFA is therefore not required to arml has chosen rx)t to prepare group
accounts.
Cash and ¢a$h equivalents
Cash ar￿ cash equivalents include cash in har￿. deposits hekl al ¢all ￿th banks, other short-leim
liquid inve51ments with original maturities of th￿ months ot less, and bank overdraft5. Bank
overdrafts are shown within bofrowings in ¢Uffent liabilities.
Ftnancial instruments
ILFA has elected lo appty provisions ol Secuon 11 '8asic Financial Instruments, and Section
12'0ther Finanoal Instruments Issues. of FRS 102 to all of its fina￿la1 instruments.
Financial instnjmenls are recognised in ILFA'S balance Sheet when ILFA become5 p&rty tD the
contractual prgvisions of the instrument.
Financial assets and liabilitses are offset, with the nel amounts presented in the financi81
stslemenls. when there Is ? legally enIOrcea￿e right to set off the recognise(J arnounts and there 15
an intention to settle on a net basis or to realise the asset and Settle the liability simultaneously.
Baslc financial assets
Basic finanThal assets, which include debtors and cash and bank balances. are initially measured
al transacbon rMce incEuding transaction costs and are subsequently carried ai amortised cost
using the Èffèctive Interèst mèthcKJ unless ihe arrangemeni consiiiuies a financing transaction,
where the liansaction is measured at the present value of the future receipts dibcvunled al a
market rate of interest. Financial assets classified as iecewable within one year are not amc)rtised.
10-

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
Basic financial liabilitios
Basic financial liabilities: induding creditors and bank loans are irkitially recogn15ed al transaction
pri￿ unless the atrangemenl o)nslilules a finanryng Iransaclion. where the debt instrument Is
measured at Ike presenl value of the future payments discounted at a marKel mie of inteiest.
FinanGial liabilits'es dassrfied as payable within one year are not amorttsed.
DetFI instruments are subsequenlty carried al amortised cost. using Ihe effective interest rale
method.
Trade creditors are obl￿atiOnS lo pay lor goods or services that have been acquired in the ordinary
course of operations from Sup￿lerS. AtTK)unts payable are classified as current liabilibes if payment
is due within one year or less. If not. they are presented as non-current liabilities. Trade Creditors
are recognised inity'*ly al transacb.on price and subsequèntjy measured at amortised cost using the
effective inleresl meth(MJ.
Derecognitlon of financlal Ilablltlies
Financial liabilities are dereo>Jni5ed when ILFA'S contractual obligations expl￿ or are discharged
or can￿lled.
Cash Flow Statement
The charity has laken advantsge of the exemption available IR paragraph 7.1 B of FRS 102 and
has not prepared a cash flow stalemenL
Critical accountlng estimates and judgements
In the application of ILFA'S accounting policies. the trustees arè reqtsired lo make judgements,
eslimales ar￿ assumptK)ns atxwl Ihe carrying am¢Mnt of assets and 118bililies that are not readily
apparent from other sources. The estimates and asswaled assumptions are based on historical
experience and other facto￿ that are considered lo be relevant Actual results Fnay differ from
thes8 estimates.
The eslimale5 arKI underfyFng assumptions are reviewed on an ongoing basis. Revisions lo
accounting estim31es are recognised in the pèriod in which the estimate is revised whore the
vision affects only that perirKI, or in the peric*Y of the ￿vIsion arKI hjture periods wher6 thè
revision affects ￿th cuThent and future peri(KJs.

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
Income
Unrestricted
lunds
Rostricled
funds
Total
2021
Totsl
2020
Subscriptions receNed
Events
Donations
Gala dinner re￿Wed
2f.500
25,500
27.500
25,500
47.416
16,301
1,114
12.490
12.490
65.490
65.490
64,831
Investmenl In¢omo
Unrestrlcted
funds
Restricted
funds
Totsl
2021
Total
2020
Inleresl.receivable
40
Direct costs
2021
2020
Event costs
LEA costs
Gala dinner ¢osls
5,05D
37,175
1,794
5,806
5,806
,019
12.

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
Charitable activities
2021
2020
Management costs
Website desÉgn arsd hosling
AdvErtising arKI promob'on
Project manager fees
Intern costs
Telephone
Post, pnnts.ng and stationery
Accountancy
Legal and professional
Bank charges
2,500
245
25.000
3.401
70
30.760
250
1,250
268
750
1,113
482
1,320
498
217
405
37,135
31.394
Share of support costs
Share ol wvernance c4Jsts (see note 7)
35.815
1.320
30,644
750
37.135
31,394
Analysis by lund
Unrestricted funds - general
Reslricled funds
37,135
37,135
Support costs
Govemance cost5 indLJdes payments to the independent accountant of £1,32012020- £7501.
Trustè•s
None of the Ituslee5 (OT any persons connected ￿th theffll r￿1Ved any remuner81ion, benefits or
reimbursement of expenses during the year.
Employees
Number of employees
The Company has no employees12020- Nil)

ILFA
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 hlOVEMBER 2021
10
Inveslment
Thp Company owns 10 Ordinary shares of £0.01 each in ILFA Leaming & Oevelopmenl Limited.
representing foo % of that company's issued share capital. The principal activity of the subsidiary
company Is Thg development foi resale ol Wal [￿[9$$10n8l training programmes In a digit81
formal. FOF the year ende(f 30 November 2020 ILFA Leaming and Development Limited made a
profit after taxation of £1.137 12020 =10ss £2.3381.
Debtors
2021
2020
Amounts falllng due within one year.
Traée deblors
Prepayments
8,315
348
5.531
8,315
5.879
12
¢￿dItOrs.. amounts falling due within one year
2021
2020
Trade cre(Jilors
Menibef's subwption paid in advance
Sundry creditors and accruaLs
18,000
20,747
2,500
2.148
1.320
19.320
25,395
13
Contingent Ilabllitles
There were no related contingent liabilities thal require disclosure. (Junng the year12020- none).
14.
Events after thè reporting date
The TrUst￿S remain vigilani regarding the COVHJ pandemic and also m0Tntain their reasonable
expectation thal the Charity has aQÈquate reSoUr￿S to continue in operation for the foreseeablè
future from the rjale od approval ol Ihese financial statements.
15
Related paty transactlons
The Company paid rnanagement fees of £2.500 (2020 ". £25,000) to ILFA Leaming and
Development Limited.
14-