14. Investments The value of shares held in Citizens Advice Limited is £2 being 2 ordinary shares of £1 each which represents 100% of the issued share capital. The company is a private limited company which was incorporated on 16 July 1982. The company is incorporated in England. The company manages all forms of sponsorship on behalf of the parent company and covenants all profits each year under Gift Aid. The turnover in 2021 was £81,600 (2020: £98,024) which generated a profit of £55,271 (2020: profit £8,103). Net assets were £2 in 2021 (2020: £2). The shares are held as a fixed asset. There were no cash deposits held as investments at 31 March 2021 (2020: £nil) and none were held as fixed assets (2020: £nil) or as current assets (2020: £nil). 15. Cash at bank and in hand Cash and fixed-term deposits valued at £38.9 million (2020: £41.0 million) were held as at 31 March 2021. These were all held in UK accounts. Of these £4.7 million has been identified in the balance sheet as needing to meet future technology investments (2020: £5.1 million). 92 Financial Statements