Financial Statements For the year ended
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| 6 Operating income Restated 31 Mar 2022 £’000 31 Mar 2021 £’000 Admission and registration fees 12,115 12,400 Subscriptions (see note 7) 103,006 98,317 Examinations 80,638 71,535 Exemptions 12,914 11,851 Regulation and discipline 6,174 6,118 Other income 6,711 11,868 221,558 212,089 Due to presentational changes for operating income this year, the previous year’s figures have been restated for comparison purposes. Fees and subscriptions as reported last year of m have been split between Admission and registration fees and Subscriptions. Qualifications and Exams as reported last year of m has been split between Exams, Exemptions and the balance treated as other income along with the other categories from last year of Member and student engagement, Markets, Litigation settlement fees and other income. In the previous year, other income included an amount of m received by ACCA as proceeds of a litigation settlement, which was settled on confidential terms. 7 Subscriptions Members 53,484 51,809 Future members 49,522 46,508 103,006 98,317 Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 8 Operational expenditure Restated 31 Mar 2022 £’000 31 Mar 2021 £’000 Corporate 17,818 – Strategy and Development 20,573 19,293 Markets 42,396 40,107 Governance 15,989 14,843 People 10,947 13,431 Finance and Operations 83,733 90,686 191,456 178,360 Following the implementation of the new finance system, anew operating department entitled Corporate has been created which contains various centrally managed cost pools, such as the executive team, global property depreciation, fixed asset depreciation, global tax provisions, customer credit card charges and global redundancy provisions. In the previous years these costs crossed a number of departments. The previous year’s figures have been restated as a result of the reclassification of net foreign exchange losses which have now treated as other gains/(losses) (note 10). Download 0.68 Mb. Share with your friends:
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