Financial Statements For the year ended

Association of Chartered Certified Accountants
Notes to the Financial Statements for the year ended 31 March 2022
16
Financial assets (continued)
ACCA monitors its exposure byway of regular reports from each of the investment managers, who have discretionary management of the funds they hold within the investment portfolio.

Fair value hierarchy
ACCA classifies financial instruments measured at fair value in financial assets according to the following hierarchy:
Level
Fair value input description
Financial instruments
Level Quoted prices from active markets
Quoted equity instruments
Level Inputs other than quoted prices in level 1 that are observable either directly
(ie as prices) or indirectly (ie derived from prices)
Unquoted equity instruments included in financial assets
Level Inputs that are not based on observable market data
Unquoted equity instruments included in financial assets
ACCA’s financial assets are classified by the fair value hierarchy as follows:
Level 1
Level 2
Level 3
Total
£’000
£’000
£’000
£’000
At 31 March Quoted equity
45
–
–
45
Observable inputs 59,515
–
94,516
Unobservable inputs Total 59,515 7,307 101,868
At 31 March 2022
Quoted equity
52
–
–
52
Observable inputs

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