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|||Pages|
|---|---|---|
|Reference and administrative|information||
|Trustees'
report||2-14|
|Independent
Auditor's
report||15—17|
|Group statement
offinancial|activities|18|
|Balance sheet||19|
|Group cash flow statement||20|
|Notes on financial statements||21-39|
##
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##
|TRUSTEES|||||||
|---|---|---|---|---|---|---|
|H Kuchah|Kuchah|President|||||
|TWoodward||Vice President (Coopted)|(Appointed||asinterim 14Feb19,stood|down 2 Oct19)|
|G Diaz Maggioli||Vice President
(Appointed|2 Oct2019)||||
|RWright||Company Secretary|||||
|C Mackenzie||Treasurer
(Stood down 17Apr 2020)|||||
|BCagnol||Treasurer
(Acting Treasurer 19Apr 2020to21 Nov 2020, Appointed||||21 Nov 2020)|
|L McLaughlin||Associate Representative|(Stood down||26Jun 2021)||
|JTheuma||Associate Representative|(Appointed|26/un 2021)|||
|M Belak||Membership
Committee|Chair||||
|5Wilden||Digital Committee
Chair|||||
|J Mader||SIG Representative|||||
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||||Notes|Unrestricted|Restdcted|2020|2019|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
||||||6|||
|INCOME AND ENDOWMENTS||FROM:||||||
|Donations
and legacies||||4,204|9,565|13,769|1,574|
|Charitable
activities||||121,968|118,072|240,040|970,879|
|Other trading
activities||||15,682||15,682|94,2'I 6|
|Investments||||7,548|3,901|11,449|14,257|
|Other||||1,709|21|1,730|2,239|
|TOTAL INCOME||||151,111|131,559|282,670|1,083,165|
|EXPENDITURE ON:||||||||
|Other trading
activities|||8|2,751||2,751|7,892|
|Charitable
activities|||10|533,494|81,453|614,947|1,017,676|
|TOTAL EXPENDITURE||||536,245|61,453|617,698|1,025,568|
|NET (EXPENDITURE)|/ INCOME|||||||
|BEFORE INVESTMENT LOSSES|||9|(385,134)|50,106|(335,028)|57,597|
|Net loss on investments|||13d|(39,091)|-|(39,091)|(18,227/|
|NET (EXPENDITURE)|/ INCOME|||||||
|BEFORETRANSFERS||||(424,225)|50,106|(374,119)|39,370|
|Transfers
between
funds||||21,796|(21,796)|||
|NET MOVEMENT
IN FUNDS||||(402,429)|28,310|(374,119)|39,370|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||686,957|569,231|1,256,188|1,216,818|
|TOTAL FUNDS CARRIED FORWARD|||19|284,528|597,541|882,069|1,256,188|
##
##
||Notes|Notes|Group||Charity||
|---|---|---|---|---|---|---|
||||31August|31August|31August|31August|
||||2020|2019|2020|2019|
||||8||8||
|FIXEDASSETS|||||||
|Intangible assets||13|36,312|13,845|36,312|13,845|
|Tangible assets||13|283,719|303,427|283,719|303,427|
|Investments||13|258,656|297,747|258,657|297,748|
||||578,687|615,019|578,688|615,020|
|CURRENT ASSETS|||||||
|Debtors||14|108,540|97,247|133,406|'l35,622|
|Cash at bank and in hand||23|730,849|670,126|663,415|595,954|
||||839,389|767,373|796,821|731,576|
|CREDITORS: amounts|falling due within||||||
||one year|15|536,007|109,797|480,300|91,913|
|NET CURRENT ASSETS|||303,382|657,576|316,521|639,663|
|TOTAL ASSETS LESSCURRENT LIABILITIE:|||882,069|1,272595|895,209|1,254,683|
|CREDITORS: amounts|falkng due after|16||16,407||16,407|
||one year||||||
|NET ASSETS|||882,069|1,256,188|895,209|1,238,276|
|THE FUNDS OF THE CHARITY:|||||||
|UNRESTRICTED FUNDS (incl. revaluation||17|284,528|686,957|297,668|669,&f5|
|reserve 261,553[2019|- f100,644])||||||
|RESTRICTED FUNDS||18|597,541|569,231|597,541|569,231|
|TOTAL FUNDS||19|882,069|1,256,188|895,209|1,238,276|
##
##
|||||Notes|2020|2019||
|---|---|---|---|---|---|---|---|
||||||Total|Total||
||||||6|||
|Cash flows from operating|activities:|||||||
|Net cash provided
by operating
activities||||22|118,841|99,718||
|Cash flows from investing|activities:|||||||
|Dividends
and interest from|investments||||11,449|14,257||
|Purchase of property,
plant|and equipment||||(7,221)|(1,753)||
|Purchase of intangible assets|||||(28,938)|(14,200)||
|Net cash used
in investing|activities||||(24,710)|(1,696)||
|Cash flows from financing|activities:|||||||
|Repayments
of borrowing|||||(33,408)|(16,972)||
|Cash inflowe from new borrowing||||||||
|Net cash used
in financing|activities||||(33,408)|(16,972)||
|Change
in cash and cash|equivalents|in|the year||60,723|81,050||
|Cash and cash equivalents|at the beginning||ofthe year|23|670,126|589,076||
|Cash and cash equivalents|at the end|of|the year|23|730,849|670,126||
|Analysis ofchanges
in net debt|||||As at||As at|
||||||01 092019|Gashflows|31082020|
|Cash equivalents|||||670,126|60,723|730,849|
|Debt:||||||||
|Loans falling due within one|year||||17,001|(17,001)||
|Loans falling due after more|than one year||||16,407|(16,407)||
|Finance lease obligations||||||||
|Total|||||703,534|27,315|730,849|
##
##
##
|0)
Intangible
fixed assets|||
|---|---|---|
|Intangible
fixed assets compnse
software
and website development
costs and are measured
at cost, less any|||
|accumulated
amortisation
and any accumulated
impairment
losses.|||
|This asset is amortised
on a straight
line basis, over its useful economic life which is considered
by the charity|to be||
|5 years. Amortisation
is not charged
on assets capitalised
until the asset is brought
into use.|||
|h)
Impairments|||
|Assets not measured
at fair value are reviewed
for any indication that the asset may be impaired
at each balance|||
|sheet date. Ifsuch indication
exists, the recoverable
amount
ofthe asset, or the asset's cash generating
unit,|is||
|estimated
and compared
to the carrying
amount.
When the carrying
amount exceeds its recoverable
amount,|an||
|impairment
loss is recognised
in the Statement
of Financial Activities unless the asset is carried at a revalued|||
|amount
where the impairment
loss is a revaluation
decrease.|||
|i)
Investments|||
|Unlisted
investments
comprise
investments
in subsidiaries
which are measured
at cost less impairment.|||
|Listed investments
are a form ofbasic financial
instrument
and are initially recognised
at their transaction
value and|||
|subsequently
re-measured
at their fair value as at the balance sheet date using the closing quoted
market price.|||
|The Statement
of Financial Activities indudes
the net gains and losses arising
on revaluation
and disposals|||
|throughout
the year.|||
|A source offinancial
risk faced by the charity isthat ofvolatility
in equity markets
and investment
markets
due|to||
|wider economic conditions,
the attitude of investors to investment
risk, and changes
in sentiment
concerning|||
|equities,
particularly
currency
risk, and within
particular sectors orsub sectors.|||
|j)
Fund accounting|||
|Funds held by the Charity are either:-|||
|Unrestricted
general funds
These are funds which can be used in accordance
with the charitable
objects at the|||
|discretion ofthe trustees.|||
|Designated
funds: These are funds set aside by the trustees
out of unrestricted
general funds for specific future|||
|purposes
or projects. Investment
income is allocated to designated
funds
in proportion
to the fund value. A|||
|proportion
of membership
fees is allocated to Special Interest Groups (SIGs)when a SIG subscdiption
is included||in|
|the membership
price. Members can also purchase
additional
subscriptions
to other SIGs and the full amount|of||
|these subscriptions
are allocated to the relevant SIG.Atransfer between
the SIG designated
fund and the general|||
|fund is made to cover overhead
costs.|||
|Restricted funds: These are funds that can only be used for particular
restncted
purposes
within the objects|ofthe||
|charity
Restrictions
arise when specified
by the donor orwhen funds are used for particular
restricted purposes|||
|Investment
income
is allocated to restricted
funds
in proportion
to the fund value.|||
|k)
Financial instruments|||
|The company
only has financial assets and financial
liabilities ofa kind that qualify as basic financial
instruments.|||
|Basic financial
instruments
are initially recognised
attransaction
value and subsequently
measured
at their|||
|settlement
value with the exception of bank loans which are subsequently
measured
at amortised
cost using the|||
|effective interest method.|||
|Debtors|||
|Trade and other debtors which are receivable
within one year and which do not constitute a financing
transaction|||
|are initially measured
at the transaction
pdice. Trade debtors are subsequently
measured
at amortised
cost, being|||
|the transaction
price less any amounts
settled and any impairment
losses.|||
|Cash at bank and in hand|||
|Cash at bank and cash in hand includes cash and short term
highly
liquid investments
with a short maturity
ofthree|||
|months or less from the date of acquisition
or opening ofthe deposit or similar account.|||
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##
|INCOME FROM CHARITAB|LE ACTIVITIES||||
|---|---|---|---|---|
||Unrestricted|Restricted|2020|2019|
||Funds|Funds|Total|Total|
||6|6|6||
|Subscriptions
Conference|121,692|58,628|180,320|239,240
658,'753|
|Events Income|160|59,168|59,328|71,502|
|Fundraising||||1,177|
|Publications|116|276|392|207|
||121,968|118,072|240,040|970,879|
##
|INVESTMENT INCOME|||||
|---|---|---|---|---|
||Unrestricted
6|Restrictedf|2020|2019
6|
|Dividends - fixed interest|1,556|803|2,359|3,623|
|-equity funds|5,080|2,626|7,706|8,906|
|Interest on short term deposits|912|472|1,384|1,728|
||7,548|3,901|11,449|14,257|
##
##
##
##
##
##
|INCOME AND EXPENDITURE|OF|TRADIN|TRADIN|TRADIN|G SUBSIDIARY|G SUBSIDIARY||
|---|---|---|---|---|---|---|---|
|The Charity,
which is registered|in|England,|||owns the whole ofthe issued share capital of IATEFL||Trading|
|Limited,
Company
number 07085385||||The results ofthis company are summarised||below:||
|||||||Year ended|Yearended|
|||||||31August|31August|
|||||||2020|2019|
|||||||6||
|Turnover||||||15,682|94,216|
|Direct costs|||||||(4,472)|
|||||||15,682|89,744|
|Management
charge from parent||company||||(26,070)|(38,412)|
|Administrative
expenses||||||(2,751)|(3,420)|
|(LOSS) / PROFIT BEFORE|TAX|||||(13,139)|47,912|
|Corporation
tax on profit on ordinary||||activities||||
|(LOSS) / PROFIT AFTER TAX||||||(13,139)|47,912|
|Gift aided to the charity|||||||(30,000)|
|RETAINED
IN SUBSIDIARY||||||(13,139)|17,912|
|The aggregate
ofassets, liabilities|||and funds was:|||2020
6|2019
f|
|Assets||||||69,952|78,681|
|Liabilities||||||(83,090)|(78,680)|
|Net liabilities
/ assets||||||(13,138)|1|
|Represented
by:||||||||
|Ordinary
shares of61 each||||||1|1|
|Profit and loss account||||||(13,139)|17,912|
|TOTAL FUNDS||||||(13,138)|17,913|
|NET EXPENDITURE||||||||
|Group net expenditure
is stated|aRer|||charging:||2020|2019|
|Depreciation
and amortisation||||||33,400|25,089|
|Auditor's
remuneration.
audit||||||7,050|7,300|
|non-audit||||||250|275|
|Interest
on bank loans||||||851|1,427|
|Amounts
payable
under operating||leases - equipment||||919|919|
##
##
|EXPENDITURE ON CHARITABLE|EXPENDITURE ON CHARITABLE|EXPENDITURE ON CHARITABLE|ACTIVITIES|ACTIVITIES||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Services to|Annual||2020|2019|
||||||Members|Conference||Total|Total|
||||||9|||9||
|Costs directly allocated|to activities|||||||||
|Wages and salaries|||||40,232|108,241||148,473|151,884|
|Staff training|||||251|||251|273|
|Cost of publishing
&publications|||||52,875|||52,875|95,202|
|Cost ofevents|||||54,446|||54,446|50,143|
|Scholarships|||||||389|389|28,618|
|Grants|||||3,500|||3,500|5,649|
|IATEFL Projects|||||300|||300|4,891|
|Plenary speaker costs|||||||||4,909|
|Conference
travel and accommodation|||||127|6,511||6,638|32,502|
|Conference
venue and equipment|||hire|||1,305||1,305|246,899|
|Conference
Programmer|fee|||||2,217||2,217|2,318|
|Conference
app
Publicity
&marketing|||||1,572|1,957||3,529|3,518
6,894|
|Committee
meeting expenses|||||10,536||651|11,187|37,800|
|Website, database
&online solutions costs|||||29,108|||29,108|23,837|
|Printing,
post &stationery|||||2,874||762|3,636|9,367|
|Telephone
Equipment
leasing|||||940
919|||940
919|'l,538
1,313|
|Sundry|||||940|||940|885|
|Auditor's
remuneration|||||4,800|||4,800|4,900|
|Mortgage
mterest|||||852|||852|1,427|
|Irrecoverable
VAT|||||23,682|||23,682|46',786|
|Support costs allocated|to activities|||||||||
|Wages and salaries|||||121,248|26,801||148,049|143,407|
|Rent, rates and water|||||5,904|||5,904|4,384|
|Light and heat|||||2,688|||2,688|2259|
|Insurance|||||4,532|||4,532|8,196|
|Cleaning
& secudity disposal|||||2,409|||2,409|2811|
|Repairs &maintenance|||||4,424|||4,424|1,351|
|Legal and professional|||||14,195|||14,195|6,672|
|Bank &credit card charges|||||12,489|||12,489|20,862|
|Exchange rate vadiance|||||2,556|||2,556|2015|
|Depreciation
and amortisation|||||33,400|||33,400|25,089|
|Governance|||||34,098||216|34,314|39,077|
|Total expenditure|||||465,897|149,050||614,947|1,017,676|
|In 2019,5881,580 represented||unrestricted||funds|expenditure
and|F136,096 represented||restricted|funds|
|expenditure.||||||||||
|STAFF COSTS AND TRUSTEES'|||REMUNERATION|||||2020|2019|
|||||||||6||
|Staff costs ofthe Group|were:-|||||||||
|Wages and salaries||||||||284,029|279,976|
|Pension costs||||||||16,647|22660|
|Social security costs||||||||22,428|18,612|
|||||||||323,104|321,248|
##
##
|Services to members|
|---|
|Annual
Conference|
|Administration
and support|
|calculated
on the basis of full time equivalent
was as follo|ws:||
|---|---|---|
||2020|2019|
||Number|Number|
|Services to members|2|2|
|Annual
Conference|3|4|
|Administration
and support|3|4|
##
##
##
##
|INTANGIBLE FIXEDASSE|TS -GROUP AND CH|
|---|---|
||Website and|
||database|
||6|
|Cost||
|At 31August 2019|14,200|
|Additions|28,938|
|Disposals||
||43,138|
|Amortisation||
|At 31August 2019|355|
|Charge
in year|6,471|
|Disposals||
||6,826|
|Net BookValue||
|At 31August 2020|36,312|
|At31Augusl 2019|13,845|
##
|TANGIBLE FIXEDASSETS|-GROUP||||
|---|---|---|---|---|
||Freehold|Fixtures,|||
||land and|Fittings and|Computer||
||buildings
6|Equipment
6|Equipment
6|Totalf|
|Cost|||||
|At 31August 2019|427,427|29,553|38,400|495,380|
|Additions|||7,221|7,221|
|Disposals||(899)|(18,089)|(18,988)|
|At 31August 2020|427,427|28,654|27,532|483,613|
|Depreciation|||||
|At 31August 2019|130,669|26,696|34,588|191,953|
|Charge
in year|21,778|1,020|4,131|26,929|
|Disposals||(899)|(18,089)|(18,988)|
|At 31August 2020|152,447|26,817|20,630|199,894|
|Net BookValue|||||
|At 31August 2020|274,980|1,837|6,902|283,719|
|At 31August 2019|296,758|2,857|3,812|303,427|
##
##
##
|TANGIBLE FIXEDASSETS|-CHARITY||||
|---|---|---|---|---|
||Freehold|Fixtures,|||
||land and|Fittings and|Computer||
||buildings
f|Equipment
f|Equipmentf|Totalf|
|Cost|||||
|At 31 August 2019|427,427|29,553|37,725|494,705|
|Additions|||7,221|7,221|
|Disposals||(899)|(18,089)|(18,988)|
|At 31 August 2020|427,427|28,654|26,857|482,938|
|Depreciation|||||
|At 31 August 2019|130,669|26,696|33,913|191,278|
|Charge
in year|21,778|1,020|4,131|26,929|
|Disposals||(899)|(18,089)|(18,988)|
|At 31 August 2020|152,447|26,817|19,955|199,219|
|Net BookValue|||||
|At 31 August 2020|274,980|1,837|6,902|283,719|
|Ai 31August 2019|296,758|2,857|3,812|303,427|
##
|FIXEDASSET INVESTM|FIXEDASSET INVESTM|ENTS - GROUP|||
|---|---|---|---|---|
|Listed investments:|||2020|2019f|
|Market value at|1 September 2019||297,747|315,974|
|Additions|||||
|Disposal proceeds|||||
|Net loss in year|||(39,091)|(18,227)|
|Market value at|31 August 2020||258,656|297,747|
||||Market|Market|
||||valuef|valuef|
|The above is made up of||the following:|||
|SUTL Cazenove|Charity|Equity Value Fund A Income|140,060|178,965|
|SUTL Cazenove|Charity|Bond Fund A Income|118,596|118,782|
||||258,656|297,747|
##
|13(e)|FIXEDASSET INVESTMENTS -CHARITY|||||
|---|---|---|---|---|---|
||Listed investments:|||2020f|2019f|
||Market value at 1 September 2019|||297,747|315,974|
||Additions|||||
||Disposal proceeds|||||
||Net loss in year|||(39,091)|(18,227)|
||Market value at 31 August 2020|||258,656|297,747|
||Unlisted
investments:|||||
||Equity investment
in IATEFL Trading
Limited|||||
|||||258,657|297,748|
||Listed investments
include the following|material|amounts:|||
||SUTL Cazenove
Charity Equity Value Fund A income
SUTL Cazenove
Charity Bond Fund A Income|||140,060
118,596|178,965
118,782|
|||||258,656|297,747|
||The investment|in IATEFL Trading|in IATEFL Trading|Limited, a company|incorporated|in England
and|Wales, represents|a 100%|
|---|---|---|---|---|---|---|---|---|
||shareholding.||||||||
|14|DEBTORS||||Group|Group|Charity|Charity|
||||||31 August|31August|31 August|31Augusf|
||||||2020f|2019|2020f|2019|
||Trade debtors||||7,338|11,924|4,819|7,415|
||Amount
owed by group company||||||27,384|42,884|
||Other debtors||||1,003|592|1,003|592|
||Prepayments
and accrued income||||100,199|84,731|100,200|84,731|
||||||108,540|97,247|133,406|135,622|
|15|CREDITORS: AMOUNTS
DUE WITHIN||||Group|Group|Charity|Charity|
||ONE YEAR||||31August|31August|31August|31August|
||||||2020f|201I9|2020f|2019f|
||Bank loans|||||17,001||17,001|
||Trade creditors||||6,355|4,714|5,437|4,105|
||Defined contribution||pension scheme||2,058|1,748|2,058|1,748|
||Other creditors||||3,809|5,222|3,809|6,222|
||Taxation and social||security||12,775|7,909|12,211|5,692|
||Accruals||||11,218|8,494|8,718|5,959|
||Deferred
income||||499,792|63,709|448,067|51,176|
||||||536,007|109,79T|480,300|91,913|
||Deferred Income||||||||
||Deferred income|as at I September 2019|||63,709|39,230|51,176|25,605|
||Resources deferred||in the period||492,281|63,709|444,056|51,176|
||Amounts
released||from previous|period|(56,198)|(39,230)|(47,165)|(25,605)|
||Deferred income|as at 31 August||2020|499,792|53,709|448,067|51,176|
##
|16|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|DUE AFTER|DUE AFTER|DUE AFTER||Group|Gmup||Charity||||Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||ONE YEAR|||||||31 August|31August||31August||31August|||
|||||||||2020|2019||2020||||2019|
|||||||||6|||8|||||
||Bank Loans||||||||16,407||||||16,407|
||In 2013,the charity took out a 10year mortgage
with Bardays bank, secured against||||||||||the freehold|property||||
||purchased
in the|year, being|||No 2|83The Foundry,||Seager Road, Faversham,||Kent.|The mortgage||was|on a||
||variable
interest rate being|||2.49%||above|base rate.|The decision was made to pay offthe total outstanding|||||||debt|
||during the year to|31stAugust|||2020 and||therefore,|the total balance ofsecured||creditors outstanding|||as at 31|||
||August 2020 amounted||to|anil (2019:F33,408)||||||||||||
|17|UNRESTRICTED|FUNDS|||||As at|Income|ExPenditure|*|Transfers||||As at|
||||||||01 0919|||||||310820||
||GROUP:||||||6|6||6|||||6|
||Designated
Funds:|||||||||||||||
||Capital Reserve||||||60,000||||(60,000)|||||
||Wider Membership|Scheme|||||195,432|6,999|||||||202,431|
||Gillian Porter Ladousse||Travel|||||||||||||
||Scholarship
Fund||||||4,270|153|||||||4,423|
||Gillian Sturtridge|First Time||||||||||||||
||Speakers Scholarship||Fund||||11,052|396|||||||11,448|
||Property
Fund||||||280,350||||(5,370)||||274,980|
||General Fund||||||135,853|143,563|(575,336)||87,166||(208,754)|||
||||||||686,957|151,111|(575,336)||21,796|||284,528||
||||||||As at|Income|Expenditure|*|Transfers||||As at|
||||||||0109 18||||||310819|||
||GROVPr|||||Restatedf||||||||||
||Designated Funds:|||||||||||||||
||Capital Reserve||||||60,000||||||||60,000|
||Wider Membership|Scheme|||||187,152|3,280|||5,000||||195,432|
||Gillian Porter Ledousse||Travel|||||||||||||
||Scholarship
Fund||||||4,197|73|||||||4,270|
||Gillian Sturtr(dge|First Time||||||||||||||
||Speakers Scholarship||Fund||||11,770|196|||(914)||||11,052|
||Property Fund||||||285,157||||(4,807)|||280,350||
||Genemlpund||||||86,015|916,399|(907,699)||41,138||||135,853|
||||||||634,291|919,948|(907,699)||40,417|||686,957||
##
##
##
|RESTRICTED FUNDS|As at|Income|Expenditure|Transfers|As at|
|---|---|---|---|---|---|
||010919||||31 08 20|
|GROUP AND CHARITY:|||||8|
|Special Interest Group Funds:||||||
|Business Enghsh|42,927|59,388|(53,702)|6,174|54,787|
|Learning Technologies|40,809|5,287|(1,150)|(2,510)|42,436|
|Leadership
& Management
ES(0)L
ESP|28,920
18,119
46,568|2,851
1,688
3,563|(1,530)
(172)
(1,516)|(1,283)
(760)
(1,842)|28,958
18,875
46,773|
|Global Issues|9,007|2,221|(1,410)|(969)|8,849|
|Learner Autonomy|7,850|5,429|(3,134)|(1,457)|S,BSB|
|Literature|7,324|1,552|(175)|(763)|7,938|
|Pronunciation|15,401|5,377|(2,049)|(1,291)|17,438|
|Research|23,298|3,157|(2,74D)|(1,500)|22,215|
|Teacher Development|46,046|4,518|(571)|(2,398)|47,595|
|Teacher Trainers &Educators|77,459|6,166|(1,419)|(2,874)|79,332|
|Testing,
Eval'n 8 Assesm't|69,107|3,596|(2,059)|(1,734)|68,910|
|Young Learners
&Teenagers|10,255|4,513|(5,081)|(501)|9,186|
|Materials
Writing|16,059|5,248|(1,411)|(2,367)|17,529|
|Inclusive
Practices and SEN|(1,131)|1,344|(52)|(623)|(462)|
|Wider Membership
Scheme|41,253|3,999||(8,052)|37,200|
|W R Lee Scholarship
Fund|42,903|1,577|||44,48D|
|Ray Tongue Scholarship
Fund|10,623|380|||11,003|
|Gillian Porter Ladousse Travel||||||
|Scholarship
Fund|4,934|228|||5,162|
|Gillian Sturtridge
First Time||25|||25|
|Speakem Scholarship
Fund||||||
|Creativity
Group Scholarship|227|44|||271|
|Wider Membership
Individual||||||
|- Founding|5,857|305||(65)|6,097|
|- Matching|5,606|296||(65)|5,837|
|African Scholarship||8,435|(282)||8,153|
|Latin America||266|||266|
|IATEFL Projects|(190)|106|(3,000)|3,084||
||569,231|131,559|(81,453)|(21,796)|597,541|
##
##
##
##
##
|18|RESTRICTED FUNDS (cont'd)|RESTRICTED FUNDS (cont'd)|RESTRICTED FUNDS (cont'd)|||
|---|---|---|---|---|---|
||Global Issues|||GISIG is for those who not only see themselves
as language
teachers
but|also|
|||||as educators
on real world issues and are keen to instil a sense ofsocial||
|||||responsibility
and develop
critical thinking
skills into their students.||
||Learner Autonomy|||LASIG aims to raise awareness
amongst
language
teachers, advisors
and||
|||||researchers
about the issues related to developing
and implementing||
|||||independent
or autonomous
learning.||
||Literature|SIG||The objective of LitSIG is to promote teaching
and research
in the area of||
|||||English
language,
literature,
extensive
reading,
the creative arts and various||
|||||related
cultural
manifestations
in English
language
education.||
||Pronunciation|||PronSIG is for teachers interested
in integrating
pronunciation
skills
in language||
|||||teaching||
||Research|||The ReSIG is for anyone interested
in the research ofteaching
and learning||
|||||processes within
ELT.||
||Teacher|Development||TDSIG is for teachers interested
in the interplay
between
personal
and||
|||||professional
development
as a teacher.||
||Teacher|Trainers K||TTEdSIG aims to support
ELTteachers, teacher educators
and teacher trainers||
||Educators|||on the aspects ofpre and
in service teacher education.||
||Testing,|Evaluation|and|TEASIG is for anyone interested
or involved
in testing,
evaluation
and||
||Assessment|||assessment
in ELT.||
||Young Learners and|||YLTSIG leads, drives change and sets standards
in teaching
English to young||
||Teenagem|||learners
and teenagers (ages 3to 17)for training
and development,
classroom||
|||||practice and assessment.||
||Materials|Writing||MaWSIG aims to share and develop best practice
in ELT material
wrtiting|and|
|||||offers professional
development
for writers and editors.||
||Inclusive|Practices and SEN||IPSENSIG shares best practices and experiences
in accurately
identifying||
|||||language
learners'
additional
needs and disseminates
information
about inclusive||
|||||teaching
methods,
matertials
and resources
for working
with learners who||
|||||experience
barriers
in accessing education.||
||Wider Membership||Scheme|This scheme encourages
reduced
rate membership
in IATEFL forteachers who||
|||||could not otherwise
afford it. Assomate
members
are able to submit a bid|for|
|||||WMS funding
with which they can offer a number ofsubsidised
IATEFL||
|||||associate memberships
to their members.||
||WR Lee|Scholarship|Fund|The WR Lee Scholarship
Fund was set up in memory ofour late Founder|and|
|||||Chair with the purpose ofhelping
IATEFL members
in the countries concerned to||
|||||attend the IATEFL Annual Conference.||
||Ray Tongue Scholarship|||The Ray Tongue Scholarship
Fund was set up in memory ofour late Treasurer,||
|||||with the purpose of helping
IATEFL members
in the countries concerned to||
|||||attend the IATEFL Annual
Conference.||
||Gillian Porter Ladousse|||The Gillian Porter Ladousse Travel Scholarship
Fund has been set up to enable||
||Travel Scholarship||Fund|a teacher trainer and/or
a trainee, who would
not normally
be able to do so, to||
|||||attend the annual
IATEFL conference.
Itwas renamed
the Gillian Porter||
|||||Ladousse
Fund
in 2002 in memory
of Gilhan
Porter Ladousse.||
|18|RESTRICTED FUNDS|RESTRICTED FUNDS|RESTRICTED FUNDS|RESTRICTED FUNDS|RESTRICTED FUNDS|(cont'd)|||||
|---|---|---|---|---|---|---|---|---|---|---|
||Gilhan Sturtridge|||First Time|||This fund was started
from the transfer ofthe Gillian Sturtridge
Memorial
Fund||||
||Speaker||Scholarship|||Fund|held by the University
of Reading and the balance||ofthe 1stTime Speakers||
||||||||Fund was added to this as the two funds were set up with the same purpose.||||
||||||||The funds were fully spent
in 2017 but donations||can still be received
into the||
||||||||fund.||||
||Creativity|Group|||||This scholarship
was set up in 2016to celebrate||the 50th IATEFL conference||
||||||||and is aimed at funding
a practising
teacher to attend
and
present at||||
||||||||conference.||||
||Wider Membership||||||The Wider Membership
Individual
Scheme aims||to help teachers
living
in||
||Individual||Scheme||||countries where there are no Associates of IATEFL, initially
in Afnca, and where||||
||||||||theiefore,
they cannot take part in the original Wider Membership
Scheme, to||||
||||||||loin IATEFL. The WMIS fund consists oftwo parts. One part was raised via||||
||||||||donations
from the IATEFL membership:
the other is the matching
fund set up||||
||||||||when the scheme was introduced.
Memberships||provided
under the scheme|are|
||||||||paid by these two in equal parts.||||
||Africa Scholarship||||||The IATEFL Afdica scholarship
has been funded||for many years by a private||
||||||||Trust called the Murphy
Scholarship
Trust. In June 2020 the trust was closed and||||
||||||||the balance offunds was transferred
to IATEFL.||The terms ofthis transfer were||
||||||||that IATEFL would use the funds to cover scholarships
awarded
in 2020 and|||any|
||||||||surplus
funds could be used for additional
Africa||scholarships
in later years.|If|
||||||||this was not practical, the Scholarship
Committee||were given permission
to||
||||||||allocate the balance, at their discretion,
in an appropriate
manner.||||
||Latin America Scholarship||||||The Latin America Scholarship
is part funded
by||donations
and part funded
by||
||||||||the IATEFL General
Fund. As the scholarship
awarded
for 2020 has not yet|||been|
||||||||paid out because ofthe deferred conference,
the||donations
received
have been||
||||||||transferred
toa restricted
fund and held
until payout is made.||||
||IATEFL Projects||||||IATEFL Projects aims to provide a grant of up to||63,000 on an annual
basis|to a|
||||||||Teaching Association
in order for them to fund a||project to make an||
||||||||improvement
to language
teaching
and learning|in their local community.|||
||Transfers|between|||funds||The transfers
between
funds relate to an amalgamation
ofadministration
costs,||||
||||||||internal cost transfers
and income generated
by|individual
SIG's which
is|||
||||||||included
in the charity's
trading
income.||||
|19|ANALYSIS||OF GROUP NET ASSETS 6ETWEEN FUNDS||||||||
||As at 31|August||2020|||General
Designated||Restricted|Total|
||||||||Funds
Funds||Funds||
||||||||6
6||6||
||Tangible|fixed assets|||||8,739
274,980||283,719||
||Intangible|assets|||||36,312||36,312||
||Investments||||||258,656||258,656||
||Net current||assets||||(512,461)
218,302||597,541
303,382||
||Long term||liabilities||||||||
||||||||(208,754)
493,282||597,541
882,069||
##
##
##
##
##
##
|ERATING LEASE COMMITMENTS|ERATING LEASE COMMITMENTS|ERATING LEASE COMMITMENTS||||||||
|---|---|---|---|---|---|---|---|---|---|
|At 31August 2020, the group had total future|||minimum||commitments|under non-cancellable
operating|||leases|
|as follows:||||||||||
||||||Group||Charity|||
|Amounts
due:|||||2020
2|2019|2020
f||2019
f|
|Within one year
Within one to five years|||||919
1,072|919
1,991|919
1,072||919
1,991|
||||||1,991|2,910|1,991||2910|
|ESULTS OF CHARITY||||||||||
||||||||2020
f||2019|
|Total income|||||||266,988||988,949|
|Total expenditure|||||||(614,947)|(1,017,676)||
|Net expenditure|before loss|on investments|||||(347,959)||(28,727)|
|Net loss on investments|||||||(39,091)||(18,227)|
|Net expenditure|for the year||||||(387,050)||(46,954)|
|FINANCIAL ASSETS AND||LIABILITIES|||||2020f||2019|
|CHARITY:||||||||||
|Financial assets|measured|at fair value through||income|and expenditure||922,071||893,701|
|GROUP:||||||||||
|Financial assets|measured|at fair value through||income|and expenditure||989,505||967,873|
##