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||||Pages|
|---|---|---|---|
|Reference and administrative||information||
|Trustees' report|||2- 13|
|Independent<br>Auditor's<br>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<br>(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<br>Committee|Chair|||
|5Wilden||Digital Committee<br>Chair||||
|J Mader||SIG Representative||||



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||||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<br>activities||||474,229|3,040|477,269|240,040|
|Other trading<br>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<br>activities|||8|8,734||8,734|2,751|
|Charitable<br>activities|||10|460,887|2,574|463,461|614,947|
|TOTAL EXPENDITURE||||469,621|2,574|472,195|617,698|
|NET INCOME<br>/ (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<br>between<br>funds||||15,171|(15,171)|||
|NET MOVEMENT<br>IN FUNDS||||165,435|(9,735)|155,700|(374,119)|
|Reconciliation<br>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<br>Investments|||13<br>13|257,388<br>310,701|283,719<br>258,656|257,388<br>310,702|283,719<br>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<br>by operating<br>activities||||22|(222,101)|118,841||
|Cash flows from investing|activities:|||||||
|Dividends<br>and interest from|investments||||8,063|11,449||
|Purchase ofproperty,<br>plant|and equipment|||||(7,221)||
|Purchase<br>of intangible<br>assets|||||(549)|(28,938)||
|Net cash used in investing|activities||||7,414|(24,710)||
|Cash flows from financing|activities:|||||||
|Repayments<br>of borrowing||||||(33,408)||
|Cash inflows from new borrowing|||||100,000|||
|Net cash used<br>in financing|activities||||100,000|(33,408)||
|Change<br>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<br>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)<br>Consolidation|||
|---|---|---|
|These finanmal<br>statements<br>consolidate<br>the results ofthe charity and its wholly owned subsidiary,<br>IATEFL Trading|||
|Limited.|||
|The charity has taken advantage<br>ofthe exemption<br>contained<br>within section 408 ofthe Companies<br>Act 2006 not||to|
|present<br>its own income and expenditure<br>account. The results ofthe chanty forthe year ended 31 August 2021 are|||
|included<br>in note 25.|||
|Exemption<br>from the requirement<br>to disclose transactions<br>between the charity and its subsidiary<br>company has|||
|been taken under section 33.1Aof FRS102as the transactions<br>occur between<br>wholly owned members.|||
|The charity has taken advantage<br>ofthe disclosure<br>exemption<br>permitted<br>by FRS 102ofthe requirements<br>of|||
|Section 7, 'Statement ofCash F/ow',<br>to not disclose a charity-only<br>Statement ofCash Flows.|||
|c) Volunteers|||
|The charity rakes heavily on its volunteers<br>to allow<br>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<br>and enthusiastic<br>support ofits volunteers. These include our|||
|Trustees, Special Interest Group (SIG)Coordinators<br>and committee<br>members.<br>In accordance<br>with FRS102and|||
|the Charities SORP (FRS102),the economic contribution<br>of general volunteers<br>is not included<br>in the financial|||
|statements|||
|d)<br>Income|||
|Income is included<br>in the Statement<br>of Financial Activities when the charity has entitlement,<br>receipt is probable|||
|and the amount can be valued<br>with reasonable<br>accuracy.|||
|Income received<br>relating to an event or conference which<br>is to be held after the balance sheet date is deferred||to|
|the following<br>year, or until the charity has entitlement.|||
|Grant income received as compensation<br>for expenses<br>already<br>incurred<br>is recognised<br>in income in the period|in||
|which<br>it becomes receivable.|||
|Investment<br>income is recognised<br>when receivable<br>and the amount<br>can be measured<br>reliably, which is usually|on||
|notification ofthe dividend<br>payable|||
|e)<br>Expenditure|||
|Expenditure<br>is accounted<br>for on an accrual basis, is recognised<br>where there isa legal and constructive<br>obligation|||
|to pay forthe expenditure,<br>and includes irrecoverable<br>VAT where appropriate.|||
|Charitable<br>expenditure<br>comprises those costs incurred<br>by the charity<br>in the delivery of its activities and services|||
|for its members.<br>It includes<br>both costs that can be allocated<br>directly to such activities<br>and those costs ofan|||
|indirect nature necessary to support them.|||
|Governance<br>costs include those costs associated<br>with meetmg<br>the constitutional<br>and statutory<br>requirements|of||
|the charity and include the audit fees and costs linked to the strategic management<br>ofthe charity.|||
|All costs are allocated<br>between<br>the expenditure<br>categories ofthe Statement ofFinancial Activities on abasis|||
|designed<br>to reflect the use ofthe resource.<br>Costs relating to a particular<br>activity are allocated directly, others|are||
|apportioned<br>on an appropriate<br>basis.|||
|f)<br>Tangible fixed assets|||
|Tangible fixed assets are stated at cost less depreciation,<br>as adjusted<br>for any impairment<br>losses. Depreciation||is|
|provided<br>at rates calculated<br>to write offthe cost less estimated<br>residual value ofeach asset over its expected|||
|useful<br>life as follows:|||





## 

|g)<br>Intangible<br>fixed assets||
|---|---|
|Intangible<br>fixed assets comprise<br>software and website development<br>costs and are measured<br>at cost, less any||
|accumulated<br>amortisation<br>and any accumulated<br>impairment<br>losses.||
|This asset is amortised<br>on a straight<br>line basis, over its useful economic<br>life which is considered<br>by the charity|to|
|be 5years. Amortisation<br>is not charged on assets capitalised<br>until the asset is brought<br>into use.||
|h)<br>Impairments||
|Assets not measured<br>at fair value are reviewed for any indication<br>that the asset may be impaired<br>at each balance||
|sheet date. Ifsuch indication<br>exists, the recoverable<br>amount<br>ofthe asset, or the asset's cash generating<br>unit,|is|
|estimated<br>and compared<br>to the carrying<br>amount. When the carrying<br>amount exceeds its recoverable<br>amount,|an|
|impairment<br>loss is recognised<br>in the Statement<br>of Financial<br>Activities unless the asset is carried at a revalued||
|amount where the impairment<br>loss isa revaluation<br>decrease.||
|i)<br>Investments||
|Unlisted<br>investments<br>comprise investments<br>in subsidianes<br>which are measured<br>at cost less impairment.||
|Listed investments<br>are a form ofbasic financial<br>instrument<br>and are initially recognised<br>at their transaction<br>value||
|and subsequently<br>re-measured<br>at their fair value as at the balance sheet date using the closing quoted market||
|price. The Statement<br>of Financial Activities includes the net gains and losses arising on revaluation<br>and disposals||
|throughout<br>the year.||
|A source offinancial<br>risk faced by the charity is that ofvolatility<br>in equity markets<br>and investment<br>markets due|to|
|wider economic conditions,<br>the attitude<br>of investors to investment<br>risk, and changes<br>in sentiment<br>concerning||
|equities,<br>particularly<br>currency<br>risk, and within<br>particular sectors or sub sectors.||
|j)<br>Fund accounting||
|Funds held by the Chadity are either:-||
|Unrestricted<br>general funds: These are funds which can be used<br>in accordance<br>with the charitable<br>objects at the||
|discretion ofthe trustees.||
|Designated<br>funds: These are funds set aside by the trustees out of unrestricted<br>general funds for specific future||
|purposes<br>or projects. Investment<br>income is allocated to designated<br>funds<br>in proportion<br>to the fund value. A||
|proportion<br>ofmembership<br>fees is allocated to Special Interest Groups (SIGs)when a SIG subscription<br>is included||
|in the membership<br>price. Members can also purchase<br>additional<br>subscnptions<br>to other SIGs and the full amount||
|ofthese subscriptions<br>are allocated to the relevant SIG.A transfer between<br>the SIG designated<br>fund and the||
|general fund is made to cover overhead<br>costs.||
|Restricted funds: These are funds that can only be used for particular<br>restricted<br>purposes<br>within the obiects|of|
|the charity. Restrictions<br>arise when specified<br>by the donor or when funds are used for particular<br>restricted||
|purposes.<br>Investment<br>income is allocated to restricted<br>funds<br>in proportion<br>to the fund value.||
|k)<br>Financial instruments||
|The company<br>only has financial assets and financial<br>liabilities ofa kind that qualify as basic financial<br>instruments.||
|Basicfinancial<br>instruments<br>are initially recognised<br>attransaction<br>value and subsequently<br>measured<br>at their||
|settlement<br>value with the exception of bank loans which are subsequently<br>measured<br>at amortised<br>cost using the||
|effective interest method.||
|Debtom||
|Trade and other debtors which are receivable<br>within one year and which do not constitute<br>a financing<br>transaction||
|are initially measured<br>atthe transaction<br>price. Trade debtors are subsequently<br>measured<br>at amortised<br>cost, being||
|the transaction<br>price less any amounts<br>settled and any impairment<br>losses.||
|Cash at bank and in hand||
|Cash at bank and cash in hand includes cash and short term highly<br>liquid investments<br>with a short maturity<br>of||
|three months or less from the date ofacquisition<br>or opening ofthe deposit or similar account.||





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## 

|INCOME FROM CHARITAB|LE ACTIVITIES||||
|---|---|---|---|---|
||Unrestricted|Restricted|2021|2020|
||Funds<br>5|Funds|Totalf|Tora!<br>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<br>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|



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## 

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





## 


|EXPENDITURE ON CHARITABLE|EXPENDITURE ON CHARITABLE|ACTIVITIES|||||||
|---|---|---|---|---|---|---|---|---|
||||Services to|Annual|||2021|2020|
||||Nlembers<br>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<br>&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<br>travel and accommodation||||||||6,838|
|Conference venue and equipment||hire||||||1,305|
|Conference<br>Programmer|fee|||||||2,217|
|Conference<br>online platform||||13,414|||13,414||
|Publicity<br>& marketing|||690||||690|3,529|
|Committee<br>meeting expenses|||51||||51|11,187|
|Website, database 8 online solutions costs|||20,166||||20,168|29,108|
|Printing,<br>post &stationery|||1,575||63||1,638|3,536|
|Telephone|||764||||764|940|
|Equipment<br>leasing|||230||||230|919|
|Sundry|||611||||611|940|
|Mortgage<br>interest||||||||852|
|Irrecoverable<br>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<br>&security disposal|||1,256||||1,256|2,409|
|Repairs &maintenance<br>Legal and professional|||1,242<br>1,613||||1,242<br>1,613|4,424<br>14,195|
|Auditor's<br>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<br>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|



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|Services to members|
|---|
|Annual Conference|
|Administration<br>and support|



|||
|---|---|
|2021|2020|
|Number|Number|
|10|11|



|2021|2020|
|---|---|
|Number|Number|



|Services to members|
|---|
|Annual<br>Conference|
|Administration<br>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<br>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<br>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<br>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<br>Charity|Equity Value Fund A Income|194,481|140,080|
|SUTL Cazenove<br>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<br>investments:|||||||||||||
||Equity investment|||in|IATEFL Trading<br>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<br>and|Wales, represents|a 100%|
||shareholding.|||||||||||||
|14|DEBTORS|||||||||Group|Group|Charity|Charity|
|||||||||||31August|31August|31August|31August|
|||||||||||2021|2020f|2021<br>6|2020f|
||Trade debtors|||||||||10,859|7,338|5,882|4,819|
||Amount<br>owed by <br>Other debtors||group company|||||||543|1,003|29,876<br>543|27,384<br>1,003|
||Prepayments<br>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<br>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<br>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<br>*|Transfers|As at|
|---|---|---|---|---|---|---|
|||010920||||310821|
|GROUP:||(Restated)f|||||
|Designated<br>Funds:|||||||
|Special Interest Group Funds:|||||||
|Business<br>English||54,787|9,197|(2,354)|753|62,383|
|Learning<br>Technologies<br>Leadership<br>&Management||42,436<br>28,958|4,853<br>3,488|(660)<br>(710)|(2,197)<br>(1,043)|44,432<br>30,693|
|ES(O)L<br>ESP||18,875<br>46,773|3,591<br>5,477|(261)<br>(2,005)|(611)<br>(2,246)|21,594<br>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<br>& Educators||79,332|7,564|(6)|(1,778)|85,112|
|Testing,<br>Eval'n<br>8,Assesm't<br>Young Learners &Teenagers||68,910<br>9,186|3,587<br>5,344|(1,863)<br>(2,703)|(632)<br>1,156|70,002<br>12,983|
|Materials Writing||17,529|7,702|(1,114)|(1,946)|22,171|
|Inclusive<br>Practices and SEN||(462)|5,227|(162)|(485)|4,118|
|Wider Membership<br>Scheme||202,431|4,943|||207,374|
|Gillian Porter Ladousse|Travel||||||
|Scholarship<br>Fund||4,423|108|||4,531|
|Gillian Sturtridge<br>First Time|||||||
|Speakers Scholarship|Fund|11,448|273||(555)|11,166|
|Properly<br>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<br>*|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<br>Technologies<br>Leadership<br>&Management||40,809<br>28,920|5,287<br>2,851|(1,150)<br>(1,530)|(2510)<br>(1,283)|42,436<br>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<br>Autonomy<br>Literature||T,850<br>7,324|5,429<br>1,552|(3,134)<br>(175)|(1,457)<br>(763)|8,688<br>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<br>&Educators<br>Testing,<br>Eval'n<br>&Assesm't||77,459<br>69,107|6,166<br>3,596|(1,419)<br>(2,059)|(2,874)<br>(1,734)|79,332<br>68,910|
|Young Learners<br>& Teenagers||10,255|4,513|(5,081)|(501)|9,186|
|Materials<br>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<br>Scheme||195,432||||202,431|
|Gillian Porter Ladousse|Trave!||||||
|Scholarship<br>Fund||4,270|153|||4,423|
|Gillian Sturtndge<br>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<br>the interests<br>and needs ofthe international<br>business<br>English|||
|||||||teaching<br>community|||
|Learning|Technologies|||||LTSIGfocuses on all aspects oftechnology<br>used by teachers and students||in|
|||||||language<br>teaching,<br>from onhne tools, computer-mediated<br>communication,|||
|||||||corpora and mobile technology.|||
|Leadership||snd Management||||LAMSIG aims to raise awareness<br>among the ELT profession<br>about management|||
|||||||issues and contribute<br>to the development<br>ofgood management<br>practices|||
|ES(O)L||||||ES(O)Lis aSIG dedicated<br>to teachers who teach English to people whose first|||
|||||||language<br>is not English and who are settled<br>in a country or environment|where||
|||||||English is the main spoken language. Theses language<br>learners<br>may include|||
|||||||refugees,<br>asylum seekers and migrant workers. ESOLSIG aims to promote|||
|||||||effective language<br>learning<br>development<br>opportunities<br>and best practice|across||
|||||||different countries<br>and educational<br>systems.|||
|ESP||||||ESPSIGfocuses on English for Specific Purposes,<br>English for Academic|||
|||||||Purposes and English for Occupational<br>/ Professional<br>/ work purposes.|||
|Global Issues||||||GISIG is for those who not only see themselves<br>as language teachers but also|||
|||||||as educators<br>on real world issues and are keen to instil a sense ofsocial|||
|||||||responsibility<br>and develop<br>critical thinking<br>skills into their students.|||
|Learner Autonomy||||||LASIG aims to raise awareness<br>amongst<br>language<br>teachers, advisors and|||
|||||||researchers<br>about the issues related to developing<br>and implementing|||
|||||||independent<br>or autonomous<br>learning.|||
|Literature||||||The objective of LitSIG is to promote teaching<br>and research<br>in the area of|||
|||||||English language,<br>literature,<br>extensive<br>reading,<br>the creative arts and various|||
|||||||related<br>cultural<br>manifestations<br>in English<br>language<br>education.|||
|Pronunciation||||||PronSIG isfor teachers<br>interested<br>in integrating<br>pronunciation<br>skills in language|||
|||||||teaching.|||
|Research||||||ReSIG is for anyone<br>interested<br>in the research ofteaching<br>and learning|||
|||||||processes<br>w'ithin<br>ELT.|||
|Teacher|Development|||||TDSIG isfor teachers interested<br>in the interplay<br>between<br>personal<br>and|||
|||||||professional<br>development<br>as a teacher.|||
|Teacher|Trainers|||& Educators||TTEdSIG aims to support<br>ELT teachers, teacher educators<br>and teacher|trainers||
|||||||on the aspects ofpre and<br>in service teacher education.|||
|Testing,|Evaluation|||&||TEASIG is for anyone interested<br>or involved<br>in testing, evaluation<br>and|||
|Assessment||||||assessment<br>in ELT|||
|Young Learners|||&Teenagers|||YLTSIG leads, drives change and sets standards<br>in teachmg<br>English to young|||
|||||||learners and teenagers (ages 3to 17)for training<br>and development,<br>classroom|||
|||||||practice and assessment.|||
|Materials|Writing|||||MaWSIG aims to share and develop best practice<br>in ELT writing<br>and offers|||
|||||||professional<br>development<br>for writers and editors.|||
|Inclusive|Practices &SEN|||||IPSENSIG shares best practices and experiences<br>in accurately<br>identifymg|||
|||||||language<br>learners'<br>additional<br>needs and disseminates<br>information<br>about|||
|||||||inclusive teaching<br>methods,<br>materials<br>and resources for working<br>with learners|||
|||||||who experience barriers<br>in accessing education.|||
|Wider Membership|||Scheme|||The fund was created to enable the Charity to provide,<br>if required,<br>discounted|||
|||||||membership<br>to teachers<br>not able to afford it throughout<br>the world. A commitment|||
|||||||was made to transfer<br>&5,000 per year from general<br>funds for a period of|10||
|||||||years. The final instalment<br>was due to be made<br>in 2020 but due to the fmancial|||
|||||||implicagons<br>ofCOt/ID19 on the charity,<br>the trustees agree that the fmal|transfer||
|||||||would<br>not be made. No further transfers<br>were made<br>in 2021|||
|Gillian Porter||Ladousse||||A designated<br>fund has been established<br>for the Gillian Porter Ladousse|Fund.||
|Travel Scholarship||||Fund||This is in addition<br>to the restricted<br>fund and will enable IATEFL to better|fulfil the||
|||||||aims ofthis scholarship<br>and finance scholarship<br>winners<br>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<br>reduced rate membership<br>in IATEFL for teachem who||
||||||||could not otherwise<br>afford it. Associate members<br>are able to submit a bid for||
||||||||WIIIIS funding<br>with which they can offer a number<br>ofsubsidised<br>IATEFL||
||||||||associate memberships<br>to their members.||
||WR Lee|Scholarship|||Fund||The WR Lee Scholarship<br>Fund was set up in memory ofour late Founder and||
||||||||Chair with the purpose of helping<br>IATEFL members<br>in the countries concerned||
||||||||to attend the IATEFLAnnual Conference.||
||Ray Tongue Scholarship||||||The Ray Tongue Scholarship<br>Fund was set up m memory<br>ofour late Treasurer,||
||||||||with the purpose<br>of helping<br>IATEFL members<br>in the countries<br>concerned<br>to||
||||||||attend<br>the IATEFL Annual<br>Conference.||
||Gillian Porter Ladousse||||||The Gillian Porter Ladousse Travel Scholarship<br>Fund has been set up to enable||
||Travel Scholarship||||Fund||a teacher trainer and/or a trainee, who would<br>not normally<br>be able to do so, to||
||||||||attend the annual<br>IATEFL conference.<br>Itwas renamed<br>the Gillian Porter||
||||||||Ladousse<br>Fund<br>in 2002 in memory of Gillian Porter Ladousse.||
||Gilhan Sturtridge||First Time||||This fund was started<br>from the transfer of the Gillian Sturtridge<br>Memodial<br>Fund||
||Speaker|Scholarship|||Fund||held by the University<br>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<br>can still be received<br>into the||
||||||||fund.||
||Creativity|Group|||||This scholarship<br>was set up in 2016to celebrate the 50th IATEFL conference||
||||||||and is aimed at funding<br>a practiang<br>teacher to attend<br>and present at the||
||||||||conference.||
||Wider Membership||||Individual||The Wider Membership<br>Individual<br>Scheme aims to help teachers<br>living<br>in||
||Scheme||||||countries where there are no Associates of IATEFL. Initially aimed at the||
||||||||continent<br>ofAfdica, this is now open to anyone<br>who does not have access to|a|
||||||||local IATEFL Associate organisation<br>and who, therefore,<br>cannot take part in|the|
||||||||original Wider Membership<br>Scheme to join IATEFL. The WMIS fund consists of||
||||||||two parts. One part was raised via donations<br>from the IATEFL membership:|the|
||||||||other is the matching<br>fund set up when the scheme was introduced.||
||||||||Memberships<br>provided<br>under the scheme re paid by these two funds<br>in equal||
||||||||parts.||
||Africa Scholarship||||||The IATEFL scholarship<br>has been funded<br>for many years by a private Trust||
||||||||called the Murphy<br>Scholarship<br>Trust<br>In June 2020 the trust was closed and|the|
||||||||balance offunds transferred<br>to IATEFL The terms ofthis transfer were that||
||||||||IATEFL would use the funds to cover scholarships<br>awarded<br>in 2020 and any||
||||||||surplus funds could be used for additional<br>Africa scholarships<br>in later years until||
||||||||the funds were depleted.<br>If this was not practical, the Scholarship<br>Committee||
||||||||were given permission<br>to allocate the balance, at their discretion,<br>in an||
||||||||appropriate<br>manner.||
||Latin America Scholarship||||||The Latin America Scholarship<br>is part funded<br>by donations<br>and part funded|by|
||||||||the IATEFL General Fund.||
||IATEFL Projects||||||IATEFL Projects aims to provide grants on an annual<br>basis to an IATEFL||
||||||||Associate<br>in order for them to fund a project, making<br>an improvement<br>to||
||||||||language<br>teaching<br>and learning<br>in their local community.<br>Bids are opened<br>on an||
||||||||annual<br>basis and Associates are invited to submit a project plan and budget.||
||||||||Submissions<br>are reviewed<br>by a committee<br>before the grant is awarded<br>to one or||
||||||||more apphcants.||
||Transfers|between||funds|||Transfers represent<br>an element<br>ofcosts that are to be attributed<br>to an||
||||||||unrestricted<br>fund<br>For instance,<br>ifa scholarship<br>includes a registration<br>to a Pre||
||||||||Conference<br>Event, a membership<br>or a conference<br>registration.||





## 

## 

## 


## 

## 



## 

## 

## 

|22|RECONCILIATION<br>OF NET MOVEMENT|IN FUNDS TO NET CASH|IN FUNDS TO NET CASH|||
|---|---|---|---|---|---|
||FLOW FROM OPERATING ACTIVITIES|||2021f|2020f|
||Net income<br>/ (expenditure)<br>for the year (as per Statement||of Financial Activities)|155,700|(374,I19)|
||Adjustments<br>for:|||||
||Depreciation<br>and amortisation<br>charges|||35,078|33,400|
||Gains<br>/ losses on investments|||(52,045)|39,091|
||Dividends<br>and interest from investments|||(8,063)|(11,449)|
||(Increase)<br>in debtors|||(67,303)|(11,293)|
||(Decrease) / increase<br>in creditors|||(285,468)|443,211|
||Net cash provided<br>by operating<br>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<br>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<br>duer|||2021f|2020f|2021<br>f|2020<br>f|
|Within one year<br>Within one to five years|||919<br>230|919<br>1,072|919<br>230|919<br>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<br>/ (loss) on mvestments|||||52,045|(39,091)|
|Net income<br>/ (expenditure)|for the year|||144,322||(387,050)|



## 



## 

## 

## 

## 

|and an incr|ease<br>in unrestr|icted|funds as at 1 Sept|ember 2020.|ember 2020.|||
|---|---|---|---|---|---|---|---|
|||||Charity||Group||
|||||Restricted<br>funds as|Unrestricted<br>funds as|Restricted<br>funds as|Unrestricted<br>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|