Financial Statements For the year ended

Consolidated
Financial Statements
For the year ended 31 March 2022

Association of Chartered Certified Accountants
Contents
03
Consolidated five-year summary
04
Foreword
05
Consolidated financial statements of the Association of Chartered Certified Accountants
48
Corporate Governance Statement
57
Report from the Audit Committee
61
Report of the Independent Auditor

Association of Chartered Certified Accountants
Consolidated five-year summary
ACCA and subsidiaries
restated restated
Mar
2022
£’000
Mar
2021
£’000
Mar
2020
£’000
Mar
2019
£’000
Mar
2018
£’000
Operating income
221,558
212,089 216,391 206,074 Operating surplus/(deficit)
1,063
4,590 Other gains/(losses)
79
(2,171)
(932)
112
(108)
Net finance (losses)/income
(2,004)
9,600
(4,798)
433 31,776
(Deficit)/surplus before tax
(862)
12,019
(3,300)
(35,764)
23,336
Tax
(2,324)
(1,802)
(917)
424
(7,724)
(Deficit)/surplus for the year
(3,186)
10,217
(4,217)
(35,340)
15,612
Recognition of actuarial gains/(losses)
15,704
(5,509)
10,285
(1,027)
4,600
Other comprehensive income/(losses)
excluding actuarial gains/(losses)
399
71 99 Total other comprehensive income/(losses)
16,103
(5,438)
10,384
(374)
(19,206)
Total comprehensive income/(losses)
12,917
4,779 6,167
(35,714)
(3,594)
Non-current assets