## 

## 

## 

|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Association,|its Trustees and advisers||
|Chair's statement<br>and|Chief|Executive's statement||2-4|
|Trustees'<br>report||||5-16|
|Independent<br>auditor's|report|on the financial statements||17-20|
|Statement offinancial|activities|||21|
|Balance sheet||||22|
|Statement ofcash flows||||23|
|Notes to the financial|statements|||24-44|





## 

|Trustees|||Ms H Birch||||||
|---|---|---|---|---|---|---|---|---|
||||Ms M Bogle (resigned||||4 April|2022)|
||||Mr P Calver||||||
||||Ms S Davis||||||
||||Mr J Jenner (appointed||||1 January2022)||
||||Mr M McLain||||||
||||Ms L Morris (resigned||||31 December 2021)||
||||Dr A Norwood||||||
||||Ms N Reid-Evans|||(appointed||1 January 2022)|
||||Mr H Sadheura||||||
||||MrJ Simeon||||||
||||Prof KStables,||Deputy||Chair||
||||Ms RTopps (resigned||||9 May|2022)|
||||Mr M Williams,||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 T Ryan||||||
|Independent||auditor|Dains LLP||||||
||||15Colmore Row||||||
||||Birmingham||||||
||||B32BH||||||
|Bankers|||Barclays Bank|Plc|||||
||||Warwickshire|Group of Branches|||||
||||Santander<br>UK|Plc|||||
||||Bootle||||||
||||Merseyside||||||
||||L304GB||||||
|Honorary|President||Dr Ray Peacock OBE||||||





## 

## 



## 



## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|||Note|F|F||F.|
|Income from:|||||||
|Donations<br>and|legacies||11,533|58,637|70,170|54,947|
|Charitable<br>activities|||787,190||787,190|598,020|
|Investments|||5,183||5,183|7,270|
|Total income|||803,906|58,637|862,543|660,237|
|Expenditure<br>on:|||||||
|Charitable<br>activities|||787,084|65,276|852,360|742,274|
|Total expenditure|||787,084|65,276|852,360|742,274|
|Net movement|in funds||16,822|(6,639)|10,183|(82,037)|
|Reconciliation|offunds:||||||
|Total funds brought forward|||971,765|52,893|1,024,658|1,106,695|
|Net movement|in funds||16,822|(6,639)|10,183|(82,037)|
|Total funds carried forward|||988,587|46,254|1,034,841|1,024,658|





## 

## 

## 

## 

|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||E|||
|Fixed assets|||||||
|Intangible<br>assets||12||2,119||2,354|
|Tangible assets||13||10,270||12,973|
|||||12,389||15,327|
|Current assets|||||||
|Stocks||14|5,186||3,991||
|Debtors||15|65,426||79,792||
|Cash at bank and|in hand||1,280,469||1,248,987||
||||1,351,081||1,332,770||
|Creditors: amounts|falling due within one||||||
|year||16|(328,629)||(323,439)||
|Net current assets||||1,022,452||1,009,331|
|Total net assets||||1,034,841||1,024,658|
|Charity funds|||||||
|Restricted funds||17||45,101||52,893|
|Unrestricted<br>funds||17||9&9,740||971,765|
|Total funds||||1,034,841||1,024,658|





## 

## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|E|F|
|Cash flows from operating||activities||||||
|Net cash|used<br>in operating|activities|||20|28,106|35,248|
|Cash flows from investing||activities||||||
|Bank interest||||||5,1&3|7,270|
|Purchase|oftangible fixed assets|||||(1,807)|(4,220)|
|Purchase|of intangible<br>assets||||||(2,354)|
|Net cash|provided<br>by investing<br>activities|||||3,376|696|
|Change|in cash and cash|equivalents|in|the year||31,482|35,944|
|Cash and|cash equivalents|at the beginning||ofthe year||1,248,987|1,213,043|
|Cash and cash equivalents||at the end|of|the year|21|1,280,469|1,248,987|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||F|F||
||Donations||11,533||11,533|
||Grants|||58,637|58,637|
||Total 2021||11,533|58,637|70,170|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020f|2020|2020|
||Donations||8,433||8,433|
||Grants|||46,514|46,514|
||Total 2020||8,433|46,514|54,947|
|5.|Income from charitable|activities||||



|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|Annual|subscriptions|||361,574|361,574|
|Conferences||and courses||99,719|99,719|
|Consultancy||and management|fees|84,149|84,149|
|Registration||fees||112,822|112,822|
|Sales|of publications|||119,397|119,397|
|Other|income|||9,529|9,529|
|Coronavirus||Job Retention Scheme income||||
|Total|2021|||787,190|787,190|





## 

## 

## 

|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020f|2020|
|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|ofpublications|||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|



## 

## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Bank|interest|5,183|5,183|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|Bank|interest|7,270|7,270|





## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||F|||
|projects||57,942|64,801|122,743|
|Sales, fees|and publications|275,902||275,902|
|Membership|Services|410,979||410,979|
|Curriculum|Development|5,000||5,000|
|Governance||37,261|475|37,736|
|||787,084|65,276|852,360|



|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2020f|
|projects||32,012|45,101|77,113|
|Sales, fees|and publications|304,765||304,765|
|Membership|Services|318,945||318,945|
|Governance||40,807||41,451|
|||696,529|45,745|742,274|



## 

||||||Total|
|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|funds|
|||2021<br>E|2021<br>E|2021<br>E|2021f|
|projects||76,542|474|45,727|122,743|
|Sales, fees|and publications|174,846|1,898|99,158|275,902|
|Membership|Services|208,578|1,898|200,503|410,979|
|Curriculum|Development|||5,000|5,000|
|Governance|||475|37,261|37,736|
|||459,966|4,745|387,649|852,360|





## 

## 

||||||Total|
|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|funds|
|||2020|2020<br>f|2020<br>f|2020<br>E|
|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|



## 

|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
|||E|F||
|projects||56,660|66,083|122,743|
|Sales, fees|and publications|163,843|112,059|275,902|
|Membership|Services|306,197|104,782|410,979|
|Curriculum|Development|5,000||5,000|
|Governance|||37,736|37,736|
|||531,700|320,660|852,360|



|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|Governance||2020|2020f|2020<br>E|
|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|
||||41,451|41,451|
|||415,067|327,207|742,274|





## 

## 

## 

|||||Sales, fees||||
|---|---|---|---|---|---|---|---|
|||||and|Membership|Curriculum|Total|
||||Projects|publications|Services|Development|funds|
||||2021f|2021|2021<br>f|2021<br>f|2021f|
|Staff costs|||45,801|104,709|138,441||288,951|
|Project expenditure|||10,859|||5,000|15,859|
|Cost ofsales||||59,134|||59,134|
|Membership||costs|||89,266||89,266|
|Conferences||organised|||17,399||17,399|
|Marketing|and promotion||||61,091||61,091|
||||56,660|163,843|306,197|5,000|531,700|



|||||Sales, fees||||
|---|---|---|---|---|---|---|---|
|||||and|Membership|Curriculum|Total|
||||Projects|publications|Services|Development|funds|
||||2020|2020f|2020|2020|2020|
|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||||
|---|---|---|---|---|---|---|
||||and|Membership||Total|
|||projects|publications|Services|Governance|funds|
|||2021|2021|2021|2021|2021|
||||E|E|F|E|
|Staff costs||30,741|70,137|70,137||171,015|
|Depreciation|and amortisation|474|1,898|1,898|475|4,745|
|Office overheads||34,868|40,024|32,747|18,193|125,832|
|Legal and professional|||||11,947|11,947|
|Audit fee|||||6,750|6,750|
|Trustee costs|||||371|371|
|||66,083|112,059|104,782|37,736|320,660|



|||Sales, fees||||
|---|---|---|---|---|---|
|||and|Membership||Total|
||projects|publications|Services|Governance|funds|
||2020|2020|2020|2020|2020|
|||F||E||
|Staff costs|32,720|78,549|72,404||183,673|
|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|





## 

## 

## 

## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f.|E|
||Depreciation||oftangible|fixed assets:||||
||—owned||by the Association|||4,510|6,437|
||Fees payable||to the Association's||auditors for the audit ofthe Association's|||
||annual<br>accounts|||||6,750|6,450|
||Operating<br>lease rentals|||||28,553|31,031|
|||||||39,813|43,918|
|10.|Staff costs|||||||
|||||||2021|2020|
||Wages and|salaries||||402,886|382,249|
||Social security||costs|||36,935|33,312|
||Contribution|to defined||contribution|pension schemes|20,145|18,477|
|||||||459,966|434,038|





## 

## 

## 

## 

|Intangible assets||
|---|---|
||Trademarks|
||E|
|Cost||
|At 1 January 2021|2,354|
|At 31 December 2021|2,354|
|Amortisation||
|Charge for the year|235|
|At 31 December 2021|235|
|Net book value||
|At 31 December 2021|2,119|
|At 31 December 2020|2,354|





## 

## 

## 

|||Fixtures and|Office||
|---|---|---|---|---|
|||fittings|equipment|Total|
|||F|F||
||Cost||||
||At 1 January 2021|15,766|36,008|51,774|
||Additions||1,807|1,807|
||Disposals||(313)|(313)|
||At 31 December 2021|15,766|37,502|53,268|
||Depreciation||||
||At 1 January 2021|9,634|29,167|38,801|
||Charge for the year|920|3,590|4,510|
||On disposals||(313)|(313)|
||At 31 December 2021|10,554|32,444|42,998|
||Net book value||||
||At 31 December 2021|5,212|5,058|10,270|
||At 31 December 2020|6,132|6,841|12,973|
|14.|Stocks||||
||||2021|2020|
||||E||
||Finished goods and goods for resale||5,186|3,991|





## 

## 

## 

## 

|||2021|2020|
|---|---|---|---|
|Due within one year||||
|Trade debtors||31,132|53,294|
|Prepayments|and accrued income|34,294|26,498|
|||65,426|79,792|



## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f.||
|Trade creditors|||||28,767|18,511|
|Other taxation<br>and|||social security||17,137|31,394|
|Other creditors|||||2&,139|11,997|
|Accruals|and deferred<br>income||||254,586|261,537|
||||||328,629|323,439|
||||||2021|2020|
|Deferred|income||||||
|Deferred|income at||1 January 2020||198,233|157,867|
|Resources deferred|||during the year||208,571|198,233|
|Amounts|released|from previous||years|(198,233)|(157,867)|
|Deferred|income at 31 December 2020||||208,571|198,233|





## 

## 

## 

|Statement|offunds|- c|urrent year||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||||Balance at 1|||31|
||||||January|||December|
||||||2021|Income|Expenditure|2021|
||||||E|E.|||
|Unrestricted<br>funds|||||||||
|Designated|funds||||||||
|Curriculum|Development||||10,000||(5,000)|5,000|
|General funds|||||||||
|General<br>Funds|||||961,765|803,906|(780,931)|984,740|
|Total Unrestricted||funds|||971,765|803,906|(785,931)|989,740|
|Restricted|funds||||||||
|Supporting|Secondary D8T||||21,611||(11,611)|10,000|
|Supporting|Professional||Development|in D8T|30,272|58,637|(54,818)|34,091|
|Mclntosh<br>Funds|||||1,010|||1,010|
||||||52,893|58,637|(66,429)|45,101|
|Total offunds|||||1,024,658|862,543|(852,360)|1,034,841|





## 

## 

## 

|Statement offunds|-prior ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Transfers|December|
|||2020|Income|Expenditure|in/out|2020|
|||E|E.|E||E|
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|Curriculum<br>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<br>Secondary D87||20,000|34,500|(32,889)||21,611|
|Supporting<br>Professional|||||||
|Development<br>in D8T||31,114|12,014|(12,856)||30,272|
|Mclntosh<br>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|





## 

## 

## 

## 

## 

## 




## 

## 

## 

## 

|Analysis|of net assets between funds - cur|rent year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||E|E.||
|Tangible|fixed assets|10,270||10,270|
|Intangible|fixed assets|2,119||2,119|
|Current assets||1,305,980|45,101|1,351,081|
|Creditors|due within one year|(328,629)||(328,629)|
|Total||989,740|45,101|1,034,841|



|Analysis|of net assets between funds -prior year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||||F|
|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|





## 

## 

||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||E|E|
||Net<br>income/expenditure||||for the|year|(as|per|Statement|of Financial|||
||Activities)||||||||||10,183|(82,037)|
||Adjustments|for:|||||||||||
||Depreciation|charges|||||||||4,510|6,437|
||Amortisation|charges|||||||||235||
||Bank interest||||||||||(5,183)|(7,270)|
||(Increase)/decrease|||in stocks|||||||(1,195)|2,813|
||Decrease<br>in|debtors|||||||||14,366|34,964|
||(Decrease)/increase|||in creditors|||||||5,190|80,341|
||Net cash provided||by operating|||activities|||||28,106|35,248|
|21.|Analysis of|cash and cash equivalents|||||||||||
||||||||||||2021|2020|
||Cash<br>in hand||||||||||1,280,469|1,248,987|
||Total cash and cash|||equivalents|||||||1,280,469|1,248,987|
|22.|Analysis ofchanges|||in|net debt||||||||
|||||||||||At 1||At 31|
|||||||||||January||December|
|||||||||||2021|Cash flows|2021|
|||||||||||F|||
||Cash at bank|and<br>in hand||||||||1,248,987|31,482|1,280,469|
|||||||||||1,248,987|31,482|1,280,469|



## 



## 

## 

## 

|non-cancel|labl|<br> <br> <br>e<br>operating<br>leases as follows:|uure<br>mnmum<br>ease paym|ents<br>under|
|---|---|---|---|---|
||||2021|2020|
|||||P|
|Not later than||1 year|25,211|28,553|
|Later than|1 year and not later than 5years||39,077|64,288|
||||64,288|92,841|



## 

##