2021-08-31-accounts

			Pages
Reference and administrative		information
Trustees' report			2- 13
Independent Auditor's report			14-17
Group statement	offinancial	activities	18
Balance sheet			19
Group cash flow	statement		20
Notes on financial	statements		21 —40

TRUSTEES
H Kuchah	Kuchah	President (to21June 2021)Vice President			(from 21June 2021)
G D Maggioli		Vice President (to21June	2021) President		(from 21June 2021)
RWright		Company Secretary
8 Cagnol		Treasurer (Acting Treosurer17 Apr 2020to 21 Nov 2020, Appointed 21 Nov 2020)
L McLaughlin		Associate Representative	(Stood down	26June 2021]
JTheuma		Associate Representative	(Appointed	26June 2021)
M Belak		Membership Committee	Chair
5Wilden		Digital Committee Chair
J Mader		SIG Representative

			Notes	Unrestricted	Restricted	2021	2020
				Funds	Funds	Total	Total
				6	6	6
INCOME AND ENDOWMENTS		FROM:
Donations, legacies and grants				47,887	2,231	50,098	13,769
Charitable activities				474,229	3,040	477,269	240,040
Other trading activities				38,962		38,962	15,682
Investments				5,324	2,739	8,063	11,449
Other				1,458		1,458	1,730
TOTAL INCOME				567,840	8,010	575,850	282,670
EXPENDITURE ON:
Other trading activities			8	8,734		8,734	2,751
Charitable activities			10	460,887	2,574	463,461	614,947
TOTAL EXPENDITURE				469,621	2,574	472,195	617,698
NET INCOME / (EXPENDITURE)
BEFOREINVESTMENT LOSSES				98,219	5,436	103,655	(335,028)
Net gain I(loss) on investments			13d	52,045		52,045	(39,091)
NET INCOME / (EXPENDITURE)
BEFORETRANSFERS				150,264	5,436	155,700	(374,119)
Transfers between funds				15,171	(15,171)
NET MOVEMENT IN FUNDS				165,435	(9,735)	155,700	(374,119)
Reconciliation offunds
Total funds brought forward	- restated			763,575	118,494	882,069	1,256,188
TOTAL FUNDS CARRIED	FORWARD		19	929,010	108,759	1,037,769	882,069

			Notes	Group		Chadity
				31August	31August	31August	31August
				2021	2020	2021	2020
					restated		restated
				6		9	6
FIXEDASSETS
Intangible assets			13	26,214	36,312	28,214	36,312
Tangible assets Investments			13 13	257,388 310,701	283,719 258,656	257,388 310,702	283,719 258,657
				596,303	578,687	596,304	578,688
CURRENT ASSETS
Debtors			14	175,843	108,540	184,308	133,406
Cash at bank and in hand			23	616,162	730,849	556,934	663,415
				792,005	839,389	741 242	796821
CREDITORS: amounts	falling	due within
		one year	15	255,539	536,007	203,015	480,300
NET CURRENT ASSETS				536,466	303,382	538,227	316,521
TOTAL ASSETS LESSCURRENT LIABILITIES				1,132,769	882,069	1,134,531	895,209
CREDITORS: amounts	falling	due after	16	95,000		95,000
		one year
NET ASSETS				1,037,769	882,069	1,039,531	895,209
THE FUNDS OF THE CHARITY:
UNRESTRICTED FUNDS (incl. revaluation			17	929,010	763,575	930,772	776,715
reserve 2113,598[2020 —561,553j)
Total funds brought forward		-restated	18	108,759	118,494	108,759	118,494
TOTAL FUNDS			19	1,037,769	882,069	1,039,531	895,209

				Notes	2021	2020
					Total	Total
						6
Cash flows from operating	activities:
Net cash provided by operating activities				22	(222,101)	118,841
Cash flows from investing	activities:
Dividends and interest from	investments				8,063	11,449
Purchase ofproperty, plant	and equipment					(7,221)
Purchase of intangible assets					(549)	(28,938)
Net cash used in investing	activities				7,414	(24,710)
Cash flows from financing	activities:
Repayments of borrowing						(33,408)
Cash inflows from new borrowing					100,000
Net cash used in financing	activities				100,000	(33,408)
Change in cash and cash	equivalents	in	the year		(114,687)	60,723
Cash and cash equivalents	at the beginning		ofthe year	23	730,849	670,126
Cash and cash equivalents	at the end	of	the year	23	616,162	730,849
Analysis ofchanges in net debt					As at		As at
					0109 2020	Cashflows	31082021
						6	6
Cash					730,849	(114,687)	616,162
Debt:
Loans falling due within one	year					(5,000)	(5,000)
Loans falling due after more	than one year					(95,000)	(95,000)
Tots I					730,849	(214,687)	516,162

b) Consolidation
These finanmal statements consolidate the results ofthe charity and its wholly owned subsidiary, IATEFL Trading
Limited.
The charity has taken advantage ofthe exemption contained within section 408 ofthe Companies Act 2006 not		to
present its own income and expenditure account. The results ofthe chanty forthe year ended 31 August 2021 are
included in note 25.
Exemption from the requirement to disclose transactions between the charity and its subsidiary company has
been taken under section 33.1Aof FRS102as the transactions occur between wholly owned members.
The charity has taken advantage ofthe disclosure exemption permitted by FRS 102ofthe requirements of
Section 7, 'Statement ofCash F/ow', to not disclose a charity-only Statement ofCash Flows.
c) Volunteers
The charity rakes heavily on its volunteers to allow it to carry out the wide variety ofwork that itdoes, across its
diverse range of special interest groups.
The charity benefits greatly from the involvement and enthusiastic support ofits volunteers. These include our
Trustees, Special Interest Group (SIG)Coordinators and committee members. In accordance with FRS102and
the Charities SORP (FRS102),the economic contribution of general volunteers is not included in the financial
statements
d) Income
Income is included in the Statement of Financial Activities when the charity has entitlement, receipt is probable
and the amount can be valued with reasonable accuracy.
Income received relating to an event or conference which is to be held after the balance sheet date is deferred		to
the following year, or until the charity has entitlement.
Grant income received as compensation for expenses already incurred is recognised in income in the period	in
which it becomes receivable.
Investment income is recognised when receivable and the amount can be measured reliably, which is usually	on
notification ofthe dividend payable
e) Expenditure
Expenditure is accounted for on an accrual basis, is recognised where there isa legal and constructive obligation
to pay forthe expenditure, and includes irrecoverable VAT where appropriate.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its members. It includes both costs that can be allocated directly to such activities and those costs ofan
indirect nature necessary to support them.
Governance costs include those costs associated with meetmg the constitutional and statutory requirements	of
the charity and include the audit fees and costs linked to the strategic management ofthe charity.
All costs are allocated between the expenditure categories ofthe Statement ofFinancial Activities on abasis
designed to reflect the use ofthe resource. Costs relating to a particular activity are allocated directly, others	are
apportioned on an appropriate basis.
f) Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation, as adjusted for any impairment losses. Depreciation		is
provided at rates calculated to write offthe cost less estimated residual value ofeach asset over its expected
useful life as follows:

g) Intangible fixed assets
Intangible fixed assets comprise 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 5years. 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 isa revaluation decrease.
i) Investments
Unlisted investments comprise investments in subsidianes 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 includes the net gains and losses arising on revaluation and disposals
throughout the year.
A source offinancial risk faced by the charity is that 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 or sub sectors.
j) Fund accounting
Funds held by the Chadity 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 ofmembership fees is allocated to Special Interest Groups (SIGs)when a SIG subscription is included
in the membership price. Members can also purchase additional subscnptions to other SIGs and the full amount
ofthese subscriptions are allocated to the relevant SIG.A transfer 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 restricted purposes within the obiects	of
the charity. Restrictions arise when specified by the donor or when 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.
Basicfinancial 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.
Debtom
Trade and other debtors which are receivable within one year and which do not constitute a financing transaction
are initially measured atthe transaction price. 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 of
three months or less from the date ofacquisition or opening ofthe deposit or similar account.

INCOME FROM CHARITAB	LE ACTIVITIES
	Unrestricted	Restricted	2021	2020
	Funds 5	Funds	Totalf	Tora! 5
Subscdiptions	153,513	3,040	156,553	180,320
Conference	294,474		294,474
Events Income	25,857		25,857	59,328
Publications	385		385	392
	474,229	3,040	477,269	240,040

INVESTM	ENT INCOME
		Unrestricted	Restrictedf	2021 5	2020
Dividends	—fixed interest	1,224	630	1,854	2,359
	-equity funds	4,027	2,070	6,097	7,706
Interest on short term deposits		73	39	112	1,384
		5,324	2,739	8,063	1 1,449

INCONIE AND EXPENDITURE	O	F TRADIN	F TRADIN	G SUBSIDIARY
The Charity, which is registered	in	England,		owns the whole of the issued	share capital	of IATEFL Trading		Limited,
Company number 07085385. The results of				this company are summariised	below:
						Yearended	Year ended
						31 August	31August
						2021 6		2020f
Turnover						38,962		15,682
Direct costs
						38,962		15,682
Management charge from parent company						(18,850)		(26,070)
Administrative expenses						(5,331)		(2,751)
PROFIT/(LOSS) BEFORE TAX						14,781		(13,139)
Corporation tax on profit on ordinary			activities			(3,403)
PROFIT/(LOSS) AFTER TAX						11,378		(13,139)
Gift aided to the charity
RETAINED IN SUBSIDIARY						11,378		(13,139)
The aggregate ofassets, liabilities and funds was:						2021		2020
Assets						80,639		69,952
Liabilities						(82,399)		(83,090)
Net liabilities / assets						(1,760)		(13,138)
Represented by:
Ordinary shares ofEt each						1		1
Profit and loss account						(1,761)		(13,139)
TOTAL FUNDS						(1,760)		(13,138)
NET INCOME / (EXPENDITURE)
Group net income / (expenditure)		is stated after charging:				2021 6		2020f
Depreciation and amortisation						35,078		33,400
Auditor's remuneration: audit						7,270		7,050
tax advisory services						590		250
other financial			services			75
Interest on bank loans								851
Amounts payable under operating		leases - equipment				919		919

EXPENDITURE ON CHARITABLE	EXPENDITURE ON CHARITABLE	ACTIVITIES
			Services to	Annual			2021	2020
			Nlembers f	Conference		f	Totalf	Totalf
Costs directly allocated	to activities
Wages and saladies			41,366	93,532			134,898	148,473
Staff training								251
Cost of publishing &publications			36,000				36,000	52,875
Cost ofevents			1,603				1,803	54,445
Scholarships			300	9,821			10,121	389
Grants								3,500
IATEFL Projects								300
Plenary speaker costs					900		900
Conference travel and accommodation								6,838
Conference venue and equipment		hire						1,305
Conference Programmer	fee							2,217
Conference online platform				13,414			13,414
Publicity & marketing			690				690	3,529
Committee meeting expenses			51				51	11,187
Website, database 8 online solutions costs			20,166				20,168	29,108
Printing, post &stationery			1,575		63		1,638	3,536
Telephone			764				764	940
Equipment leasing			230				230	919
Sundry			611				611	940
Mortgage interest								852
Irrecoverable VAT			19,495				19,495	23,682
Support costs allocated	to activities
Wages and salaries			113,683	25,357			139,040	148,049
Rent, rates and water			4,000				4,000	5,904
Light and heat			1,435				1,435	2,688
Insurance			3,145				3,145	4,532
Cleaning &security disposal			1,256				1,256	2,409
Repairs &maintenance Legal and professional			1,242 1,613				1,242 1,613	4,424 14,195
Auditor's remuneration			5,175				5,175	4,800
Bank &credit card charges			5,208				5,208	12,489
Exchange rate variance			497				497	2,556
Depreciation and amortisation			35,078				35,078	33,400
Governance			24,989				24,989	34,314
Tots I expenditure			320,374	143,087			463,461	614,947

Services to members
Annual Conference
Administration and support

2021	2020
Number	Number
10	11

2021	2020
Number	Number

Services to members
Annual Conference
Administration and support

INTANGIBLE FIXEDASSETS	-GROUP AND CHAR
	Website and
	database
	8
Cost
At 31August 2020	43,138
Additions	649
Disposals
As at 31 August 2021	43,787
Amortisation
At 31 August 2020	6,826
Charge in year	8,747
Disposals
As at 31 August 2021	15,573
Net BookValue
At 31 August 2021	28,214
Af31August 2020	36,312

TANGIBLE FIXEDASSETS	- GROUP
	Freehold	Fixtures,
	land and	Fittings and	Computer
	buildings	Equipment	Equipment	Total
	E	5		8
Cost
At31 August2020	427,427	28,654	27,532	483,613
Additions
Disposals		(2,035)	(4,560)	(6,595)
At31 August2021	427,427	26,619	22,972	477,018
Depreciation
At 31 August 2020	152,447	26,817	20,630	199,894
Charge in year	21,778	933	3,620	26,331
Disposals		(2,035)	(4,560)	(6,595)
At 31 August 2021	174,225	25,715	19,690	219,630
Net Book Value
At 31 August 2021	253,202	904	3,282	257,388
Al 31August 2020	274,980	1,837	6,902	283,719

TANGIBLE FIXEDASSETS	-CHARITY
	Freehold	Fixtures,
	land and	Fittings and	Computer
	buildings f	Equipmentf	Equipmentf	Totalf
Cost
At 31August 2020	427,427	28,654	26,857	482,938
Additions
Disposals		(2,035)	(3,885)	(5,920)
At 31August 2021	427,427	26,619	22,972	477,018
Depreciation
At 31August 2020	152,447	26,817	19,955	199,219
Charge in year	21,778	933	3,620	26,331
Disposals		(2,035)	(3,885)	(5,920)
At 31August 2021	174,225	25,715	19,690	219,630
Net Book Value
At 31August 2021	253,202	904	3,282	257,388
At 31August 2020	274,980	1,837	6,902	283,719

FIXEDASSET INVESTM	ENTS -GROUP
Listed investments:		2021f	2020f
Market value at 1 September 2020		258,656	297,747
Additions
Disposal proceeds
Net gam l(loss) in year		52,045	(39,091)
Market value at 31 August 2021		310,701	258,656
		Market	Market
		valuef	valuef
The above is made up of	the following:
SUTL Cazenove Charity	Equity Value Fund A Income	194,481	140,080
SUTL Cazenove Charity	Bond Fund A Income	116,220	118,596
		310,701	258,858

13(e)	FIXEDASSET INVESTMENTS -	FIXEDASSET INVESTMENTS -	FIXEDASSET INVESTMENTS -	FIXEDASSET INVESTMENTS -	FIXEDASSET INVESTMENTS -	FIXEDASSET INVESTMENTS -	CHARITY	CHARITY
												2021	2020
	Listed investments:											E
	Market value at	1	September 2020									258,656	297,747
	Additions
	Disposal proceeds
	Net gain I(loss)	in		year								52,045	(39,091)
	Market value at	31		August		2021						310,701	258,658
	Unlisted investments:
	Equity investment			in	IATEFL Trading Limited							1	1
												310,702	258,657
	Listed investments				include the		following		material	amounts:
	SUTL Cazenove		Charity			Equity Value Fund			A Income			194,481	140,060
	SUTL Cazenove		Charity			Bond Fund A Income						116,220	118,596
												310,701	258,656
	The investment	in		IATEFL Tradmg				Limited, a company		incorporated	in England and	Wales, represents	a 100%
	shareholding.
14	DEBTORS									Group	Group	Charity	Charity
										31August	31August	31August	31August
										2021	2020f	2021 6	2020f
	Trade debtors									10,859	7,338	5,882	4,819
	Amount owed by Other debtors		group company							543	1,003	29,876 543	27,384 1,003
	Prepayments and		accrued income							164,441	100,199	148,007	100,200
										175,843	108,540	184,308	133,406
15	CREDITORS: AMOUNTS					DUE WITHIN				Group	Group	Charity	Charit
	ONE YEAR									31AU9uet	31August	31August	31August
										2021	2020	2021	2020
										6			5
	CBILS loan									5,000		5,000
	Trade creditors									41,762	6,355	31,414	5,437
	Defined contribution				pension scheme					2,083	2,058	2,083	2,058
	Other creditors									2,708	3,809	2,708	3,809
	Taxation and social				security					9,362	12,775	8,869	12,211
	Accru ale									15,921	11,218	13,317	8,718
	Deferred income									178,703	499,792	139,624	448,067
										255,539	536,007	203,015	480,300
	Deferred income
	Deferred mcome		as		at 1 September			2020		499,792	63,709	448,067	51,17S
	Resources deferred				in the period					10,653	492,281	569	444,056
	Amounts released			from previous			period			(331,742)	(56,198)	(309,012)	(47,165)
	Deferred income		as		at 31 August		2021			178,703	499,792	139,624	448,067

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	As at	Income	Expenditure *	Transfers	As at
		010920				310821
GROUP:		(Restated)f
Designated Funds:
Special Interest Group Funds:
Business English		54,787	9,197	(2,354)	753	62,383
Learning Technologies Leadership &Management		42,436 28,958	4,853 3,488	(660) (710)	(2,197) (1,043)	44,432 30,693
ES(O)L ESP		18,875 46,773	3,591 5,477	(261) (2,005)	(611) (2,246)	21,594 47,999
Global Issues		8,849	3,082	(917)	(813)	10,201
Learner Autonomy		8,688	3,500	(500)	(1,068)	10,620
Literature		7,938	2,204	(152)	(670)	9,320
Pronunciation		17,438	5,164	(1,160)	(1,211)	20,231
Research		22,215	5,907	(951)	(1,615)	25,556
Teacher Development		47,595	4,287	(823)	(1,645)	49,414
Teacher Trainers & Educators		79,332	7,564	(6)	(1,778)	85,112
Testing, Eval'n 8,Assesm't Young Learners &Teenagers		68,910 9,186	3,587 5,344	(1,863) (2,703)	(632) 1,156	70,002 12,983
Materials Writing		17,529	7,702	(1,114)	(1,946)	22,171
Inclusive Practices and SEN		(462)	5,227	(162)	(485)	4,118
Wider Membership Scheme		202,431	4,943			207,374
Gillian Porter Ladousse	Travel
Scholarship Fund		4,423	108			4,531
Gillian Sturtridge First Time
Speakers Scholarship	Fund	11,448	273		(555)	11,166
Properly Fund		274,980			(21,778)	253,202
GeneralFund		(208,754)	482,342	(401,235)	53,555	(74,092)
		763,575	567,840	(417,576)	15,171	929,010

UNRESTRICTED FUNDS (cont'd)	UNRESTRICTED FUNDS (cont'd)	As at	Income	Expendtture *	Transfers	As at
		010919				310820
GROUP:		(Restated)f	(Restated)f	(Restated)f	(Restated)	(Restated)
Designated Funds:
Special Interest Group Funds:
Business English		42,927	59,388	(53,702)	6,174	54,787
Learning Technologies Leadership &Management		40,809 28,920	5,287 2,851	(1,150) (1,530)	(2510) (1,283)	42,436 28,958
ES(O)L		18,119	1,688	(172)	t760)	16,875
ESP		46,568	3,563	(1,516)	(1,842)	46,773
Global Issues		9,007	2,221	(1,410)	(969)	8,849
Learner Autonomy Literature		T,850 7,324	5,429 1,552	(3,134) (175)	(1,457) (763)	8,688 7,938
Pronunciation		15,401	5,377	(2,049)	(1,291)	17,438
Research		23,298	3,157	(2,740)	(1,500)	22,215
Teacher Development		46,046	4,518	(571)	(2,398)	47,595
Teacher Trainers &Educators Testing, Eval'n &Assesm't		77,459 69,107	6,166 3,596	(1,419) (2,059)	(2,874) (1,734)	79,332 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
Inciustve Practtces and SEN		(1,131)	1,344	(52)	(623)	(462)
Capital Reserve		60,000			(60,000)
Wider Membership Scheme		195,432				202,431
Gillian Porter Ladousse	Trave!
Scholarship Fund		4,270	153			4,423
Gillian Sturtndge First Time
Speakers Scholarship	Fund	11,052				11,448
Properly Fund		260,350			(5,370)	274,980
GeneralFund		135,853	143,563	(5T5,336)	87,166	(208,754)
		1,144,975	267,009	(653,507)	5,098	763,575

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	(cont'd)
Purposes of		designated			funds:
Speaal Interest Groups:
Business	English					BESIGrepresents the interests and needs ofthe international business English
						teaching community
Learning	Technologies					LTSIGfocuses on all aspects oftechnology used by teachers and students		in
						language teaching, from onhne tools, computer-mediated communication,
						corpora and mobile technology.
Leadership		snd Management				LAMSIG aims to raise awareness among the ELT profession about management
						issues and contribute to the development ofgood management practices
ES(O)L						ES(O)Lis aSIG dedicated to teachers who teach English to people whose first
						language is not English and who are settled in a country or environment	where
						English is the main spoken language. Theses language learners may include
						refugees, asylum seekers and migrant workers. ESOLSIG aims to promote
						effective language learning development opportunities and best practice	across
						different countries and educational systems.
ESP						ESPSIGfocuses on English for Specific Purposes, English for Academic
						Purposes and English for Occupational / Professional / work purposes.
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						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 isfor teachers interested in integrating pronunciation skills in language
						teaching.
Research						ReSIG is for anyone interested in the research ofteaching and learning
						processes w'ithin ELT.
Teacher	Development					TDSIG isfor teachers interested in the interplay between personal and
						professional development as a teacher.
Teacher	Trainers			& Educators		TTEdSIG aims to support ELT teachers, teacher educators and teacher	trainers
						on the aspects ofpre and in service teacher education.
Testing,	Evaluation			&		TEASIG is for anyone interested or involved in testing, evaluation and
Assessment						assessment in ELT
Young Learners			&Teenagers			YLTSIG leads, drives change and sets standards in teachmg English to young
						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 writing and offers
						professional development for writers and editors.
Inclusive	Practices &SEN					IPSENSIG shares best practices and experiences in accurately identifymg
						language learners' additional needs and disseminates information about
						inclusive teaching methods, materials and resources for working with learners
						who experience barriers in accessing education.
Wider Membership			Scheme			The fund was created to enable the Charity to provide, if required, discounted
						membership to teachers not able to afford it throughout the world. A commitment
						was made to transfer &5,000 per year from general funds for a period of	10
						years. The final instalment was due to be made in 2020 but due to the fmancial
						implicagons ofCOt/ID19 on the charity, the trustees agree that the fmal	transfer
						would not be made. No further transfers were made in 2021
Gillian Porter		Ladousse				A designated fund has been established for the Gillian Porter Ladousse	Fund.
Travel Scholarship				Fund		This is in addition to the restricted fund and will enable IATEFL to better	fulfil the
						aims ofthis scholarship and finance scholarship winners appropnately.

18	RESTRICTED FUNDS (cont'd)	RESTRICTED FUNDS (cont'd)	RESTRICTED FUNDS (cont'd)	RESTRICTED FUNDS (cont'd)	RESTRICTED FUNDS (cont'd)	RESTRICTED FUNDS (cont'd)
	Purposes ofrestricted					funds:
	Wider Membership			Scheme			This scheme encourages reduced rate membership in IATEFL for teachem who
							could not otherwise afford it. Associate members are able to submit a bid for
							WIIIIS 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 of helping IATEFL members in the countries concerned
							to attend the IATEFLAnnual Conference.
	Ray Tongue Scholarship						The Ray Tongue Scholarship Fund was set up m 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 Gillian Porter Ladousse.
	Gilhan Sturtridge		First Time				This fund was started from the transfer of the Gillian Sturtridge Memodial 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 practiang teacher to attend and present at the
							conference.
	Wider Membership				Individual		The Wider Membership Individual Scheme aims to help teachers living in
	Scheme						countries where there are no Associates of IATEFL. Initially aimed at the
							continent ofAfdica, this is now open to anyone who does not have access to	a
							local IATEFL Associate organisation and who, therefore, cannot take part in	the
							original Wider Membership Scheme to join IATEFL. The WMIS fund consists of
							two 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 re paid by these two funds in equal
							parts.
	Africa Scholarship						The IATEFL 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 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 until
							the funds were depleted. 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.
	IATEFL Projects						IATEFL Projects aims to provide grants on an annual basis to an IATEFL
							Associate in order for them to fund a project, making an improvement to
							language teaching and learning in their local community. Bids are opened on an
							annual basis and Associates are invited to submit a project plan and budget.
							Submissions are reviewed by a committee before the grant is awarded to one or
							more apphcants.
	Transfers	between		funds			Transfers represent an element ofcosts that are to be attributed to an
							unrestricted fund For instance, ifa scholarship includes a registration to a Pre
							Conference Event, a membership or a conference registration.

22	RECONCILIATION OF NET MOVEMENT	IN FUNDS TO NET CASH	IN FUNDS TO NET CASH
	FLOW FROM OPERATING ACTIVITIES			2021f	2020f
	Net income / (expenditure) for the year (as per Statement		of Financial Activities)	155,700	(374,I19)
	Adjustments for:
	Depreciation and amortisation charges			35,078	33,400
	Gains / losses on investments			(52,045)	39,091
	Dividends and interest from investments			(8,063)	(11,449)
	(Increase) in debtors			(67,303)	(11,293)
	(Decrease) / increase in creditors			(285,468)	443,211
	Net cash provided by operating activities			(222,101)	118,841
23	ANALYSIS OF CASH AND CASH EQUIVALENTS			2021f	2020f
	Cash in hand			616,162	730,849
	Notice deposits (less than 3 months)
	Overdraft facility (payable on demand)
	Total			616,162	730,849

PERATING LEASE COMMITIIIIENTS	PERATING LEASE COMMITIIIIENTS
At 31 August 2021,the group had total future		minimum	commitments	under non-cancellable	operating	leases as
follows:
			Group		Charity
Amounts duer			2021f	2020f	2021 f	2020 f
Within one year Within one to five years			919 230	919 1,072	919 230	919 1,072
			1,149	1,991	1,149	1,991
ESULTS OF THE CHARITY
					2021	2020f
Total income				555,738		2SS,988
Total expenditure				(463,461)		(5/4,947)
Net income I(expenditure)	before gain I(loss)	on investments			92,277	(347,959)
Net gain / (loss) on mvestments					52,045	(39,091)
Net income / (expenditure)	for the year			144,322		(387,050)

and an incr	ease in unrestr	icted	funds as at 1 Sept	ember 2020.	ember 2020.
				Charity		Group
				Restricted funds as	Unrestricted funds as	Restricted funds as	Unrestricted funds as
					restated 2020	restated 2020	restated 2020
Total funds	as previously	stated		597,541	297,668	597,541	284,528
Movement	for reclassified	SIGfunds		(479,047)	479,047	(479,047)	479,047
Total funds	as restated			118,494	776,715	118,494	763,575
FINANCIAL ASSETS AND			LIABILITIES			2021	2020
CHARITY:
Financial	assets measured		at fair value through	income and expenditure		814,322	922,071
GROUP:
Financial	assets measured		at fair value through	income and expenditure		873,550	989,505