Financial Statements For the year ended
Related party transactions (continued)
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- Related party balances Owed OwedBonuses payable to key management personnel413
- Country of registration Beneficial holding Nature of business
| 27 Related party transactions (continued) Related party transactions 31 Mar 2022 £’000 31 Mar 2021 £’000 Honorarium to the officeholders of expenses directly incurred by Council members 6 10 Key management personnel are remunerated as shown below. Salaries and other short-term employee benefits 2,418 2,142 Post-employment benefits 108 98 2,526 2,240 The post-employment benefits are the pension contributions payable for those Executive Team members who are members of the defined contribution pension scheme. Two (2021: two) members of the Executive Team receive an allowance in lieu of pension contributions. The value of those allowances is included in Salaries and other short-term employee benefits’. Related party balances Owed Owed Bonuses payable to key management personnel 413 402 Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 28 Principal undertakings The Association of Chartered Certified Accountant is the principal undertaking and is incorporated by Royal Charter. It is registered in England & Wales and is limited by guarantee. It is a global professional accountancy body. Subsidiary undertakings The principal subsidiary undertakings, all 100% owned, which are included in the consolidated financial statements, areas follows Country of registration Beneficial holding Nature of business Certified Accountants Investment Company Limited England & Wales Ordinary shares Investment company The Certified Accountants Educational Trust England & Wales Charitable trust Educational charity Certified Accountants Educational Projects Limited England & Wales Ordinary shares Provider of educational supplies and services Certified Accountant Publications) Limited England & Wales Ordinary shares Publisher of Accounting & Business Seacron Limited England & Wales Ordinary shares Vehicle for ACCA’s operations in China ACCA Malaysia Sdn. Bhd. Malaysia Ordinary shares Vehicle for ACCA’s operations in Malaysia ACCA Mauritius Mauritius Limited by guarantee Vehicle for ACCA’s operations in Mauritius ACCA Pakistan Pakistan Limited by guarantee Vehicle for ACCA’s operations in Pakistan ACCA Singapore Pte Ltd. Singapore Ordinary shares Vehicle for ACCA’s operations in Singapore ACCA South Africa South Africa Limited by guarantee Vehicle for ACCA’s operations in South Africa Seacron Educational Nigeria Ltd Nigeria Ordinary shares Vehicle for ACCA’s operations in Nigeria ACCA (Shanghai) Consulting Co. Ltd China Paid-in capital Vehicle for ACCA’s operations in China ACCA Canada Canada Limited by guarantee Vehicle for ACCA’s operations in Canada ACCA Romania Romania Limited by guarantee Vehicle for ACCA’s operations in Romania ACCA Malawi Ltd Malawi Limited by guarantee Vehicle for ACCA’s operations in Malawi Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 Download 0.68 Mb. Share with your friends:
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