Notes to the Company Financial Statements continued

For the year ended 31 March 2023

All of the Group’s employees are employed by the Company. Employee numbers and employee benefit expenses are disclosed in Note 6 to the consolidated financial statements.

At 31 March 2023, the Company held investments in the following entities:

1 The Company only holds management shares, which do not provide any beneficial interests, in these entities.

At 31 March 2023, the Company had committed, subject to certain provisions contained in the relevant legal documentation, to make further investments of £5.4 million (2022: £7.4 million) in the limited partnerships listed above. As these relate to future investments, they have not been included in the financial statements.