Financial Statements For the year ended
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| 26 Other reserves Currency translation £’000 Total £’000 Balance at 31 March Currency translation differences Balance at 31 March Currency translation differences 787 Balance at 31 March 2022 454 454 The currency translation reserve represents the exchange differences arising on the translation of the assets and liabilities of the non-UK subsidiary undertakings and the non-UK branches. Association of Chartered Certified Accountants Notes to the Financial Statements for the year ended 31 March 2022 27 Related party transactions Balances between ACCA and its subsidiaries have been eliminated on consolidation and are not included in this note. Transactions between ACCA and other related parties are disclosed below. Relationships Council members as officeholders Orla Collins (President) Joseph Owolabi (Deputy President) Ronnie Patton (Vice President) The officeholders receive a small honorarium for each year they serve as an officer. In accordance with the Council Travel and Expenses policy, Council members are reimbursed for any expenses which they directly incur on behalf of ACCA as part of their role as a Council member. Other Council members (in post during the year ended 31 March 2022) Maryam Abisola Adefarati, Victoria Ajayi, Susan Allan, Liz Blackburn, Carol-Ann Boothe, Ben Catlin, Natalie Chan, Sharon Critchlow, John Cullen, Matt Dolphin, Joyce Evans (in memoriam), Kevin Fitzgerald, Jenny Gu, Cristina Gutu, Datuk Zaiton Mohd Hassan, Lorraine Holleway, Michelle Hourican, Babajide Ibironke, Paula Kensington, Lock Peng Kuan, Arthur Lee, Dean Lee, Oxana Losevskaya, Philip Maher, Ayla Majid, Gillian McCreadie, Nauman Asif Mian, Mark Millar, Brigitte Nangoyi Muyenga, Mohd Nasir Ahmad, Amos Ng, Oluwaseyi Oshibolu, Siobhan Pandya, Melanie Proffitt, Marta Rejman, Dani Saghafi, Brendan Sheehan, Sallah-ud-din (Den) Surfraz, Dinusha Weerawardane, Ernest Wong, Matthew Wong, Alice Yip and Phoebe Hao Yu Key management personnel in post during the year ended 31 March Helen Brand (Chief Executive, Alan Hatfield, Julie Hotchkiss, Raymond Jack, Maggie McGhee, Lucia Real-Martin and Soo Yee Leong Defined benefit pension schemes The UK and Ireland defined benefit pension schemes are related parties. ACCA’s transactions with the defined benefit pension schemes relate to contributions paid to the Schemes (see note 22) 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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