Financial Statements For the year ended
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| 44,982 70,037 – 115,019 Unobservable inputs – – 7,086 7,086 Total 45,034 70,037 7,086 122,157 The investment managers have provided information as to which classifications each of the investment funds fall into. Council has reviewed and assessed those views of the classifications and judged that the disclosures are applicable. Council has relied on the investment managers expertise as being well-respected investment fund managers to be able to provide that view of the classification of these investments. Financial assets classified within level 3 have unobservable inputs as they trade infrequently. They relate to investments in two property debt funds managed by BentallGreenOak. Valuations are provided quarterly by the fund manager which are based on the underlying loan terms existing at the reporting date agreed by the fund manager and the investors. A sensitivity analysis for level 3 positions has not been presented as it has been deemed that the impact of reasonable changes in inputs would not be significant. Commitments As part of its investment strategy ACCA has invested in two property debt funds managed by BentallGreenOak. Investments are made on a piecemeal basis and Council has approved investment of up tom in property funds directly. At the balance sheet date ACCA had a commitment to invest a further min the BentallGreenOak property debt fund. Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 17 Trade and other receivables Restated 31 Mar 2022 £’000 31 Mar 2021 £’000 Trade receivables 22,000 23,467 Accrued income 1,655 2,283 Prepayments 7,969 7,338 Taxation recoverable Download 0.68 Mb. Share with your friends:
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