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||||Page|
|---|---|---|---|
|Reference and Administrative
Details ofthe Association,||its Trustees and Advisers||
|Chair and Chief Executive's Statement|||2-3|
|Trustees'
Report|||4-14|
|Independent
Auditor's|Report on the Financial Statements||15-17|
|Statement of Financial|Activities||18|
|Balance Sheet|||19|
|Statement ofCash Flows|||20|
|Notes to the Financial|Statements||21 -41|
|Trustees|||Ms JAdmans-Palmer|Ms JAdmans-Palmer|Ms JAdmans-Palmer|(resigned|(resigned|1 January 2020)|
|---|---|---|---|---|---|---|---|---|
||||Ms H Birch (appointed||||1 January|2020)|
||||Ms M Bogle (appointed||||1 January|2020)|
||||Mr P Calver||||||
||||Mr A Churchill||(resigned||1 January 2020)||
||||Ms S Davis (appointed||||1 January|2020)|
||||Mr M McLain|(appointed|||9July 2019)||
||||Mr A Midgley,||Treasurer||(resigned
1 January 2020)||
||||Ms L Morris, Chair||||||
||||Dr A Norwood||||||
||||Ms N Ralston||(resigned||1 January 2020)||
||||Mr H Sadheura||(appointed
6 March 2020)||||
||||Mr J Simeon||||||
||||Prof KStables||||||
||||Ms RTopps||||||
||||Mr M Williams,||Deputy||Chair||
|Company|registered||||||||
|number|||03089012||||||
|Charity registered|||||||||
|number|||1062270||||||
|Registered||office|11 Manor Park||||||
||||Banbury||||||
||||England||||||
||||OX163TB||||||
|Company|secretary||Mrs Bvan Beijnum||||||
|Chief executive officer|||Mr Tony Ryan||||||
|Independent||auditor|Dains LLP||||||
||||15Colmore Row||||||
||||Birmingham||||||
||||B32BH||||||
|Bankers|||Barclays Bank||Plc||||
||||Warwickshire|Group of|||Branches||
||||Santander
UK||Plc||||
||||Bootle||||||
||||Merseyside||||||
||||L304GB||||||
|Honorary|President||Dr Ray Peacock OBE||||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
||||Note||F|F|F|
|Income from:||||||||
|Donations
and|legacies|||8,433|46,514|54,947|91,491|
|Charitable
activities||||598,020||598„020|715,868|
|Investments||||7,270||7,270|9,913|
|Total income||||613,723|46,514|660„237|817,272|
|Expenditure
on:||||||||
|Charitable
activities||||696,529|45,745|742,274|857,610|
|Total expenditure||||696,529|45,745|742,274|857,610|
|Net movement|in funds|||(82,806)|769|(82,037)|(40,338)|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||1,054,571|52,124|1,106,695|1,147,033|
|Net movement|in funds|||(82,806)|769|(82,037)|(40,338)|
|Total funds carried||forward||971,765|52,893|1,024,658|1,106,695|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Note||F|
|Cash flows from operating||activities||||||
|Net cash|used
in operating|activities|||20|35,248|(77,293)|
|Cash flows from investing||activities||||||
|Dividends,
interests
and rents from investments||||||7,270|9,913|
|Purchase|oftangible
fixed assets|||||(4,220)|(5,705)|
|Purchase|of intangible
assets|||||(2,354)||
|Net cash|provided
by investing
activities|||||696|4,208|
|Change|in cash and cash|equivalents|in|the year||35,944|(73,085)|
|Cash and|cash equivalents|at the beginning||ofthe year||1,213,043|1,286,128|
|Cash and cash equivalents||at the end|of|the year|21|1,248„987|1,213,043|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2020|
|||E|||
|Donations||8,433||8„433|
|Grants|||46,514|46,514|
|Total 2020||8,433|46,514|54,947|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2019|2019
F|2019f|
|Donations||12,566||12,566|
|Grants|||78,925|78,925|
|Total 2019||12,566|78,925|91,491|
|Income from charitable|activities||||
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2020|
||||||F|
|Annual|subscriptions|||307,372|307,372|
|Conferences||and courses||28,455|28,455|
|Consultancy||and management|fees|62,857|62,857|
|Registration||fees||73,098|73,098|
|Sales|of publications|||91,196|91,196|
|Other|income|||5,073|5,073|
|Coronavirus||Job Retention Scheme income||29,969|29,969|
|Total|2020|||598,020|598,020|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2019|2019|
|||||F||
|Annual|subscriptions|||267,056|267,056|
|Conferences||and courses||105,159|105,159|
|Consultancy||and management|fees|142,350|142,350|
|Registration||fees||116,510|116,510|
|Sales|of publications|||77,258|77,258|
|Other|income|||7,535|7,535|
|Total|2019|||715,868|715,868|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|||E|E|
|Bank|interest|7,270|7,270|
|Unrestricted|Total|
|---|---|
|funds|funds|
|2019
F|2019f|
|9,913|9,913|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2020|
|||F|F|K|
|projects||32,012|45,101|77,113|
|Sales, fees|and publications|304,765||304„765|
|Membership|Services|318,945||318,945|
|Governance||40,807|644|41,451|
|||696,529|45,745|742,274|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2019|2019|2019|
|||||F|
|projects||6,326|66,430|72,756|
|Sales, fees|and publications|357,808||357,808|
|Membership|Services|376,168||376,168|
|Curriculum|Development|9,444||9,444|
|Governance||41,434||41,434|
|||791,180|66,430|857,610|
##
||||||Total|
|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|funds|
|||2020
F|2020|2020
f|2020|
|projects||59,268|643|17,202|77,113|
|Sales, fees|and publications|216,235|2,575|85,955|304,765|
|Membership|Services|158,535|2,575|157,835|318,945|
|Governance|||644|40,807|41,451|
|||434,038|6,437|301,799|742„274|
##
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||||||Total|
|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|funds|
|||2019|2019|2019|2019|
||||||F|
|projects||42,341|555|29,860|72,756|
|Sales, fees|and publications|235,231|2,223|120,354|357,808|
|Membership|Services|197,865|2,223|176,080|376,167|
|Curriculum|Development|||9,444|9,444|
|Governance|||556|40,878|41,434|
|||475,437|5,557|376,616|857,610|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2020|2020|2020|
|||F|||
|projects||38,418|38,695|77,113|
|Sales, fees|and publications|173,614|131,151|304,765|
|Membership|Services|203,035|115,910|318,945|
|Governance|||41,451|41,451|
|||415,067|327,207|742,274|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2019|2019|2019|
|||F|E||
|projects||44,624|28,132|72,756|
|Sales, fees|and publications|207,479|150,329|357,808|
|Membership|Services|242,033|134,135|376,168|
|Curriculum|Development|9,444||9,444|
|Governance|||41,434|41,434|
|||503,580|354,030|857,610|
##
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##
||||||Sales, fees||Curriculum||
|---|---|---|---|---|---|---|---|---|
||||||and|Membership|Developme|Total|
|||||projects|publications|Services|nt|funds|
|||||2020|2020|2020|2020|2020|
|||||F|F||||
|Staff costs||||26,548|137,686|86,131||250,365|
|project expenditure||||11,870||||11,870|
|Cost ofsales|||||35,928|||35,928|
|Membership||costs||||72,377||72,377|
|Conferences||organised||||2,176||2,176|
|Marketing|and||promotion|||42,351||42,351|
|||||38,418|173,614|203,035||415,067|
||||||Sales, fees||Curriculum||
||||||and|Membership|Develop me|Total|
|||||projects|publications|Services|nt|funds|
|||||2019|2019|2019|2019|2019|
|||||||F|F||
|Staff costs||||31,659|141,503|110,444||283,606|
|Project expenditure||||12,965|||9,444|22,409|
|Cost ofsales|||||65,976|||65,976|
|Membership||costs||||65,847||65,847|
|Conferences||organised||||30,909||30,909|
|Marketing|and||promotion|||34,833||34,833|
|||||44,624|207,479|242,033|9,444|503,580|
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|||Sales, fees||||
|---|---|---|---|---|---|
|||and|Membership||Total|
||projects|publications|Services|Governance|funds|
||2020
E|2020
F|2020
f|2020
F|2020
F|
|Staff costs|32,720|78,549|72,404||1&3,673|
|Depreciation|643|2,575|2,575|644|6,437|
|Office overheads|5,332|50,027|40,931|22,740|119,030|
|Legal and professional||||11,358|11„358|
|Audit fee||||6,450|6,450|
|Trustee costs||||259|259|
||38,695|131,151|115,910|41,451|327„207|
|||Sales, fees||||
|||and|Membership||Total|
||projects|publications|Services|Governance|funds|
||2019|2019|2019|2019|2019|
||E|E|||E|
|Staff costs|10,682|93,728|87,420||191,830|
|Depreciation|555|2,223|2,223|556|5,557|
|Office overheads|16,895|54,378|44,491|24,717|140,481|
|Legal and professional||||8,558|8,558|
|Audit fee||||6,450|6,450|
|Trustee costs||||1,153|1,153|
||28,132|150,329|134,134|41,434|354,029|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||||F|
|Depreciation|oftangible|fixed assets:|||||
|—owned|by the Association||||6,437|5,557|
|Fees payable|to the Association's||auditors|for the audit ofthe Association's|||
|annual
accounts|||||6,450|6,450|
|Operating
lease rentals|||||31,031|27,318|
||||||43,918|39,325|
##
|||||2020|2019|
|---|---|---|---|---|---|
|Wages and|salaries|||382,249|416,572|
|Social security costs||||33312|39,218|
|Contribution|to defined|contribution|pension schemes|18,477|19,647|
|||||434,038|475,437|
##
|2020|2019|
|---|---|
|No.|No.|
|12||
|2020|2019|
|---|---|
|No.|No.|
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|Cost||
|---|---|
|Additions|2,354|
|At 31 December 2020|2,354|
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|||Fixtures and|Office||
|---|---|---|---|---|
|||fittings
F|equipment
F|Totalf|
||Cost||||
||At 1 January 2020|15,766|32,801|48,567|
||Additions||4,220|4,220|
||Disposals||(1,013)|(1,013)|
||At 31 December 2020|15,766|36,008|51,774|
||Depreciation||||
||At 1 January 2020|8,552|24,825|33,377|
||Charge for the year|1,082|5,355|6,437|
||On disposals||(1,013)|(1,013)|
||At 31 December 2020|9,634|29,167|38,801|
||Net book value||||
||At 31 December 2020|6,132|6,841|12„973|
||At 31 December 2019|7,214|7,976|15,190|
|14.|Stocks||||
||||2020|2019|
|||||F|
||Finished goods and goods for resale||3,991|6,804|
##
##
|||2020|2019|
|---|---|---|---|
|Due within one year||||
|Trade debtors||53,294|71,491|
|Prepayments|and accrued income|26,498|43,265|
|||79„792|114,756|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||||E|
|Trade creditors|||||18,511|11,112|
|Other taxation
and||social||security|31„394|24,341|
|Other creditors|||||11,997|14,306|
|Accruals|and deferred||income||261,537|193,339|
||||||323,439|243,098|
||||||2020|2019|
|||||||F|
|Deferred|income||||||
|Deferred|income at 1||January 2020||157,867|127,428|
|Resources deferred||during||the year|198,233|157,867|
|Amounts|released|from previous years|||(157,867)|(127,428)|
|Deferred|income at 31 December 2020||||198,233|157,867|
##
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##
|Statement offunds|-|current|year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1||||31|
||||January|||Transfers|December|
||||2020|Income|Expenditure|in/out|2020|
|||||F||F||
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Curriculum
Development|||13,500|||(3,500)|10,000|
|General funds||||||||
|General
Funds|||1,041,071|613,723|(696,529)|3,500|961,765|
|Total Unrestricted|funds||1,054,571|613,723|(696,529)||971,765|
|Restricted funds||||||||
|Supporting
Secondary||D&T|20,000|34,500|(32,889)||21,611|
|Supporting
Professional||||||||
|Development
in D8T|||31,114|12,014|(12,856)||30,272|
|Mclntosh
Funds|||1,010||||1,010|
||||52,124|46,514|(45,745)||52„893|
|Total offunds|||1,106,695|660,237|(742,274)||1,024,658|
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at||||31|
||||1 January|||Transfers|December|
||||2019|income|Expenditure|in/out|2019|
||||F|E.|F|E|F|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Curriculum
Development|||13,000||(9,444)|9,944|13,500|
|General funds||||||||
|General
Funds|||1,094,404|738,347|(781,736)|(9,944)|1,041,071|
|Total Unrestricted|funds||1,107,404|738,347|(791,180)||1,054,571|
|Restricted funds||||||||
|Supporting
Secondary||DBT|32,219|34,300|(46,519)||20,000|
|Supporting
Professional||||||||
|Development
in DBT|||6,400|44,625|(19,911)||31,114|
|Mclntosh
Funds|||1,010||||1,010|
||||39,629|78,925|(66,430)||52,124|
|Total offunds|||1,147,033|817,272|(857,610)||1,106,695|
##
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##
|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January|||Transfers|December|
|||2020f|Income
F|Expenditure
f|in/out
F|2020
F|
|Designated|funds|13,500|||(3,500)|10,000|
|General funds||1,041,071|613,723|(696,529)|3,500|961,765|
|Restricted|funds|52,124|46,514|(45,745)||52,893|
|||1,106,695|660,237|(742,274)||1,024,658|
##
##
|Summary|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1January|||Transfers|December|
|||2019|Income|Expenditure|in/out|2019|
||||F|F||F|
|Designated|funds|13,000||(9,444)|9,944|13,500|
|General funds||1,094,404|738,347|(781,736)|(9,944)|1,041,071|
|Restricted|funds|39,629|78,925|(66,430)||52,124|
|||1,147,033|817,272|(857,610)||1,106,695|
|Analysis|of net assets between funds - cur|rent period|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020f|
|Tangible|fixed assets|12,973||12,973|
|intangible|fixed assets|2,354||2,354|
|Current assets||1,250,710|82,060|1,332,770|
|Creditors|due within one year|(294,272)|(29,167)|(323,439)|
|Total||971,765|52,893|1,024,658|
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2019|2019|2019|
||||||F|K|F|
|Tangible|fixed|assets|||15,190||15,190|
|Current|assets||||1,275,337|59,266|1,334,603|
|Creditors|due|within|one|year|(235,956)|(7,142)|(243,098)|
|Total|||||1,054,571|52,124|1,106,695|
##
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##
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||Net expenditure
for||the period|(as per Statement||of Financial|Activities)|(82037)|(40,338)|
||Adjustments|for:||||||||
||Depreciation|charges||||||6,437|5,557|
||Dividends,
interests||and rents|from investments||||(7,270)|(9,913)|
||Decrease/(increase)||in stocks|||||2„813|(3,181)|
||Decrease/(increase)||in debtors|||||34,964|(53,550)|
||Increase/(decrease)||in creditors|||||80,341|24,132|
||Net cash provided||by/(used|in) operating|activities|||35,248|(77,293)|
|21.|Analysis of|cash and cash equivalents||||||||
|||||||||2020|2019|
|||||||||F|F|
||Cash
in hand|||||||1,248,987|1,213,043|
||Total cash and cash equivalents|||||||1,248,987|1,213,043|
|22.|Analysis of|changes
in net debt||||||||
||||||||At 1||At 31|
||||||||January||December|
||||||||2020|Cash flows|2020|
|||||||||F|F|
||||||||E|||
||Cash at bank|and
in|hand||||1,213,043|35,944|1,248,987|
||||||||1,213,043|35,944|1,248,987|
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|non-cancell|abl|e
operating
leases as follows:|||
|---|---|---|---|---|
||||2020|2019|
||||F||
|Not later than||1 year|28,553|30,940|
|Later than|1 year and not later than 5years||64,288|33,820|
||||92,841|64,760|
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