Consolidated statement of comprehensive income

FOR THE YEAR ENDED 31 MARCH 2021

Note 2021 £ 2020 £

Fair value changes in investments Administrative expenses Other operating income Operating profit

78,079,702 69,533,378 (14,865,776) (16,935,927) 999,897 162,489 6 64,213,823 52,759,940 Finance income 9 478,577 386,700 Share of net profit/(losses) of associates accounted for using the equity method 13 124,467 (130,667) Profit on ordinary activities before taxation 64,816,867 53,015,973 Tax on profit on ordinary activities 10 – (2,869) Profit and total comprehensive income for the year attributable to the equity holders 64,816,867 53,013,104

All activities derive from continuing operations.

The notes on pages 60 to 72 are an integral part of these financial statements.