IntegraFin : Annual Report 2021

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Evolving.

OUR PURPOSE

The Group's business model centres on making financial planning and investment easier.

We enable clients and their families, through their financial adviser, to hold their investments, across all tax wrappers, on our insourced investment platform - Transact. We also provide advisers with a tool that supports end-to-end financial advice.

We facilitate all saving, inter-generational planning and investment activity through the Transact investment platform. We provide custody, tax wrapping, trading and reporting. We do not provide financial advice, we leave that to advisers that use our investment platform.

We make financial planning more efficient and straightforward through our people delivering great service through great systems.

FINANCIAL YEAR 2021 HIGHLIGHTS

OPERATIONAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

Funds Under Direction*:

£52.11bn 27%

(2020: £41.09bn)

Net inflows*:

£4.95bn	38%
(2020: £3.59bn)
Client numbers:
208.6k	9%
(2020: 191.9k)
Client retention:
(2020: 96%)	96%
Adviser numbers:
6.5k	5%
(2020: 6.2k)

Revenue:

£123.7m 15%

(2020: £107.3m)

Operating profit attributable to shareholders:

£63.2m	14%
(2020: £55.3m)
Profit after tax:
£51.1m	12%
(2020: £45.5m)
Earnings per share:
15.4p	12%
(2020: 13.7p)
Shareholder returns in 2021*:
10.0p	20%
(2020: 8.3p)

* Alternative performance measures (APMs)

APMs are financial measures which are not defined by IFRS, these have been indicated with an asterisk. They are used in order to provide better insight into the performance of the Group. Further details are provided in the glossary, on page 202.

CONTENTS

Performance Highlights		Financial Statements
		Independent Auditor's Report.................................................	130
Strategic Report		Consolidated Statement of Comprehensive Income..........................	140
Chair's Statement....................	2	Company Statement of Comprehensive Income .............................	141
Chief Executive Officer's		Consolidated Statement of Financial Position.................................	142
Statement............................	4	Company Statement of Financial Position.....................................	143
Transact - Our Business Model......	7	Consolidated Statement of Cash Flows........................................	144
Our Strategic Objectives............	12	Company Statement of Cash Flows...........................................	145
Key Performance Indicators........	18	Consolidated Statement of Changes in Equity................................	146
Market Overview....................	21	Company Statement of Changes in Equity....................................	147
Financial Review....................	26	Notes to the Financial Statements............................................	148
Risk and Risk Management.........	40
Going Concern and Viability		Other Information
Statement...........................	52	Directors, Company Details, Advisers.........................................	200
Corporate Social Responsibility.....	55	Glossary of Terms..............................................................	201
Companies Act Section 172........	63	Glossary of Alternative Performance Measures ("APMs").....................	202
Approval of the Strategic
Report...............................	65
Governance ...................	66
Board of Directors
Corporate Governance Report......	69
Audit and Risk Committee
Report...............................	75
Nomination Committee Report.....	82
Directors' Remuneration Report....	87
Directors' Report...................	122
Statement of Directors'
Responsibilities.....................	128

INTEGRAFIN ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2021 1