CTFA Annual Report 2021

INDEX General Information............................................................................................................................................................................... 20 Executive Council's Responsibilities and Approval............................................................................................................................... 21 Independent Auditor's Report.............................................................................................................................................................. 22 Executive Council's Report.................................................................................................................................................................... 24 Statement of Financial Position............................................................................................................................................................. 25 Statement of Comprehensive Income................................................................................................................................................... 26 Statement of Changes in Funds............................................................................................................................................................ 27 Statement of Cash Flows....................................................................................................................................................................... 28 Accounting Policies. .............................................................................................................................................................................. 29 Notes to the Financial Statements...................................................................................................................................................30-39 The reports and statements set out below comprise the annual financial statements presented to the Executive Council: COSMETIC TOILETRY AND FRAGRANCE ASSOCIATION OF SOUTH AFRICA 19