**Charity Number: 1122014**
## **THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
**Report and Accounts**
**for the year ended 31 March 2022**
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Report and Accounts**
## **for the year ended 31 March 2022**
## **INDEX**
## **Page Number**
|1|to|3|Trustees’ Annual Report|
|---|---|---|---|
|4|||Independent Examiner’s Report|
|5|||Statement of Financial Activities|
|6|||Balance Sheet|
|7|to|9|Notes forming part of the Accounts|
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Charity Information**
## **Charity Number: 1122014**
## **Principal Address**
University of Hertfordshire The School of Education Hatfield AL10 9AB
## **Trustees**
Mr Simon Sharp Dr Joanna Goodman Mr Matthew Lumby Mrs Carolyn Thomas-Coxhead Mr Tim Sherriff Mr Andrew Flory Ms Lorraine Wilson Dr Steven Berryman Mr Neil King Dr Nicola Crossley Mr Ian Gunn Mr Michael O’Reilly Dr David Jenkins-Handy
## **Accountants**
Dickinsons Chartered Accountants Enterprise House Beeson’s Yard Bury Lane Rickmansworth Herts WD3 1DS
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Trustees’ Annual Report**
## **for the year ended 31 March 2022**
## **Trustees’ Annual Report**
The trustees present their report and the unaudited accounts for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Structure, Governance and Management**
Trustees are recruited by two methods. Trustees who are described as ‘appointed’ are recruited to add to the existing skills and experience of the trustees and are identified by Board review of governance needs with reference to gaps in existing skills and experience. Suitable trustees are then sought from a number of channels, including open advertising on our website and ‘On The Mark’ monthly newsletter and from bodies established to help in such recruitment, including, for example, REACH and from amongst trustees’ own networks. Trustees who are described as ‘elected’ are elected from amongst those eligible to stand in the membership of the CIEA by elections.
The trustees have exercised their duties in accordance with the Charities Act 2011 and have taken due regard to the guidance published by the Charities Commission.
In the execution of their duties, trustees have made decisions regarding the strategic direction, operational context, management powers and financial prudence of the CIEA. The management team have, in turn, taken decisions of an operational nature in line with the decisions made by the trustees in managing the day to day affairs of the organisation.
The Board of trustees of the CIEA is responsible for setting the overall strategy for the organisation, accountable to the members for its financial management, and discharging the day to day running of the CIEA through the management team, led by a director. The byelaws of the CIEA require a fully operational board to be part-elected from the professional grades of the membership of the organisation and part-appointed.
Financial statements are published on the CIEA’s website. The trustees meet quarterly during the year to set the strategic direction of the CIEA, monitor progress against an annually set business plan and approve significant matters.
The trustees have assessed the major risks to which the CIEA is exposed and are satisfied that systems are in place to mitigate exposure to these risks as far as possible.
## **Governance**
The CIEA is chaired by Simon Sharp, with Mick Walker as President. Under the terms of the Service Agreement with The University of Hertfordshire (UH), the trustees retain an annual ‘governance fee’ which is used to enable the Board to carry out its responsibilities under the Royal Charter and Services Agreement. This includes retaining a bookkeeper to keep the accounts and payments up to date. The university staff support the trustee meetings, but the trustees have no other paid administrative support so inevitably more responsibilities have fallen on the shoulders of the trustees. A range of Advisory Groups has continued to be provided to support the work of the trustees. The chairs of the advisory committees have been very active in working with the university staff on new developments.
## **Objectives and Activities of the Charity**
The object of the CIEA is to advance education and training for the public benefit by promoting high standards of educational assessment. It seeks to achieve this by providing membership services, qualifications, training and accreditation for individuals and organisations engaged in educational assessment practice. In so doing the CIEA aims to develop the skills, knowledge and capability of those undertaking assessment practices for the benefit of assessors, learners and society.
The trustees consider that the charity exists for the advancement of education and training for the public benefit, by promoting high standards of assessment as defined in Section 4 of the Charities Act 2011. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Page 1
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Trustees’ Annual Report**
## **for the year ended 31 March 2022**
## **Achievements and Performance**
The CIEA operations for most of the year were carried out under the terms of the ‘Services Agreement’ signed with the University of Hertfordshire (UH) in May 2021. The CIEA continued to explore potential income generating proposals in light of the Services Agreement with UH, which runs until 31[st] July 2026. The agreement has an option which allows termination by either party with 6 months’ notice.
There have been ongoing improvements to the business strategies of the charity, with streamlined membership services considered and implemented as well as upgrades available for existing members. During the year, all training was revised and offered via online versions only, given that face to face was not permitted. The year saw an increase the training provision offered, including the lead assessor support programme, the Chartered Educational Assessor (CEA) and the online assessment course, as well as bespoke training provided to other bodies such as the Institute of Apprenticeships’ Assessment and Quality Team. Of particular note was a contract to offer training in Northern Ireland in collaboration with CCEA. The latest version of the CEA course continues to be well received and is an area that CIEA hopes to promote and develop further. There has been an emphasis in the year of promoting the charity and raising its profile, exposing the CIEA to a wider audience which has led to there being a greater understanding of the charity’s goals and activities in the wider assessment community. There have been resources prepared for the near future which communicate the goals of the CIEA and the different membership levels available which will be presented in order to promote the charity.
## _University office_
Alison McCree is employed by the university as Director of the CIEA and is supported by a small team of university employed staff to work with her on administrative and organisational matters, including organising training, dealing with memberships issues, the website and publications. Resources are still limited, and the organisation is still having to prioritise carefully, but the support of the university has enabled planning to start developing on a longer-term basis.
## **Future Developments and Strategies**
In the future the CIEA intends to develop its training and accreditation programmes further, as well as expanding its membership, thereby growing the organisation in order to ensure the sustainability of the agreement with UH. The trustees intend to raise the profile of the charity further and to broaden the audience beyond those working in schools and colleges.
## **Financial Review**
The Statement of Financial Activities for the year is set out on page 5 of the accounts.
It is the policy of the CIEA that unrestricted funds which have not been designated for a specific use should be maintained at an appropriate level in order to continue operations. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the CIEA’s current activities while consideration is given to ways in which additional funds may be raised.
For the year ended 31 March 2022 there was a surplus of £669 (2021: deficit £5,864). Unrestricted funds remaining at 31 March 2022 were £41,344 (2021: £40,675).
## **Statement of Trustees’ Responsibilities**
The Trustees are responsible for preparing the Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the charity for that year.
Page 2
THE CHARTEI RCI D INSTITUTE OF EDUCATIONAL ASSESSORS
Trustees, Annual Report
foi. the year ended 31 Mareh 2022
In preparing thes¢ accounts. the trustees are requii'ed to..
select suitabl¢ accountin¥ policies and then apply them consisteiitly.
observe the Tnethod5 and pi'inciples in the Chai'ities SORP.
make judgment5 and estimates that are reasoi)able and prudent.
state whether applicable accounting standards have been follow¢d, subject to any Inat¢rial departures disclosed and explained in the
accounts. and
pi'epare th¢ 8c¢ounts on the going conceTn basis ut)less it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting record5 that disclose with reasonable accuracy at any time tl)e financial
position of the charity and enable them to ensure that the accounts coinply with the Chai'ities Act 2011, th¢ Charity (Accounts k)nd
Reports} Regulations and the provisions of the trust deed. They are also iESEK)nsible for safeguai'ding the assets of the charity and
hence for taking reasonttble steps for the pi'evaition and detection of fraud and othei. inEgularities.
The trustees are responsible for the maintengnce and integrity of the charity and financial infomiation included on the charity's
webslte in accordance with legislation in the United Kingdoin governing the preparation and disseinination of financial statements.
Trustees
Mr Simon Shajv
Dr Joaniia Goodman
Mr Matthew Lumby
MIB Carolyn Thomas-coxhead
Mr Tiin Sh¢ri'iff
Mr Andrew Flory
Ms LoJTaiDe Wilson
Dr Stev¢n Bei'ryman
Mr Neil King
Dr Nicola Crossley
Mr lan Gunn
MT Michael O'Reilly
Dr David Jenkins-Handy
(7£ ppointed 151 Octoba. 2021)
(appointed 151 Ootober 2021)
(appointed 1st October 2021)
(appointed October 2021)
{appointed 151 Octoba. 2021)
Key Management Personnel
Mr Sitnon Sharp
Mr Michael Walker
Mi. Tim Sherriff
Mis Alison Mccree
Mrs Miranda Cra¢kn¢ll-Burnt
Chairman
President
Vice-chair
Directoi.
Bookkeeper
The Charity is required to have an Independent Examination in ac¢oi'dance with the provisiot)s in the Charities Act 2011.
James Birch FCA of Dickinsons. Cl)arteiEd Accountants, was appointed Independent Examiner.
By Order of th¢ Board..
Mr Siit)on
Chali'man
Date
Page 3
THE CHARTERED INSTITUTE OF EI DUCATIONAL ASSESSORS
Independent Examiner's Report to the Trustees of The Chartered Institute of Edueational Assessor5
for the year ended 31 Mareh 2022
I report to ihe charity trustees on Iny exarnination of the a¢eounts of the Charity for the year ended 31 March 2022.
Responsibilitle5 bAsl$ of report
The Trustees ale responsible for preparing the Report aiid the a¢¢ounls in accordance with Applicable law and United Kingdom
Accounting Standard5 (Unaied Kingdom Generally Accepted Accounting Practice).
Having satisfied myself that the accounts of the Charity are not qUIred to be audited for this year and are eligible for independent
examination, I Icpod in respect of my examination of your chai'ity's accounts a5 GaTI'ied out under section 145 of ¢harilies Act 2011
'Ihe 2011 Act"). In caTryiiig oui my examination, I have folltswed the Direction5 giveE] by ihe Charity Commission luiider se¢lion
145(51(bl of the 2011 A¢tl.
Independent exAniiner 5 5tat¢ment
have completed my examination. I confirm that no material Inatters have come to my attention which give me cause to believe that..
Accounting records were not kept in accordance wilh the Charities Act 2011,. or
The a¢coullt5 do not accord with su¢h records: or
The a¢¢ounts do not comply with relevant accounting requiirment5 Otlier Ihaii the accouJit5 give a'true and fair, view which
js not a matter ¢onsid¢red as part of an independent examination,. or
The accounts have nol been prepared in accordance with the ¢hai'iiies SORP IFRS1021.
have no ¢oncem$ and have corne acros5 no other matters in connection with the examination to which attention should be drawn in
this repoit in order to enable a prop¢r understatlding of the acwunts to be rcaclied.
James Birch FCA
Dickin50llS
Chartered AG¢ountants
Enterprise House
Beeson's Yard
Bury Lane
Ricktnan5WOrth
Herts
WD3 IDS
Date..
loi3
Page.. 4
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Statement of Financial Activities**
## **for the year ended 31 March 2022**
|**Incoming resources from:**
**Notes**
Charitable activities
**2**
Investment income
**3**
**Total Incoming Resources**
**Resources expended from:**
Raising funds
**4**
Charitable activities
**5**
**Total resources expended**
**Net movements in funds**
**9**
Total Surplus at 1 April 2021
**Total Surplus at 31 March 2022**|**2022**
**Unrestricted**
**Funds**
**£**
148,142
1
148,143
(140,782)
(6,692)
(147,474)
669
40,675
41,344|**2022**
**Total**
**Funds**
**£**
148,142
1
148,143
(140,782
)
(6,692)
(147,474
)
669
40,675
41,344|**2021**
**Unrestricted**
**Funds**
**£**
172,703
27
172,730
(172,272)
(6,322)
(178,594)
(5,864)
46,539
40,675|**2021**
**Total**
**Funds**
**£**
172,703
27|
|---|---|---|---|---|
|||||172,730|
|||||(172,272
)
(6,322)|
|||||(178,594
)|
|||||(5,864)
46,539|
|||||40,675|
The Statement of Financial Activities has been prepared on the basis that all operations are continuing operations.
_The notes on pages 7 to 9 form part of these accounts._
Page: 5
THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS
Charity Number: 1122014
Balance Slheet
as at 31 Mai'cli 2022
Notes
2022
2021
Cui'irnt Assets
Debtors
Cash at bank and in hand
5,514
53,749
501
51,423
59,263
51.924
Creditors:
Amounts falling due within one year
(17,919)
(11,249)
Net Current Assets
41,344
40,675
Total Assets Less Current Liabilitie5
41,344
40,675
Funds ofthe Charity
Unrestricted Income Funds
41,344
40,675
Total Charity Funds
41.344
40.675
The financial statements were approved by the Board on
24.. JwUA@y.....1013
.w¢re signed on its behalf by..
Mr
Trustee
The not&s onpag£s 7 10 9foFiii pai'l of1he accotinis.
Page.. 6
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Notes forming part of the Accounts**
## **for the year ended 31 March 2022**
## **1 Principal Accounting Policies**
## _**Charity Information**_
The Chartered Institute of Educational Assessors is a charity registered in England and Wales. The principal address is at The University of Hertfordshire, The School of Education, Hatfield, AL10 9AB.
## _**Basis of accounts – Going concern**_
The trustees have adopted the going concern basis of accounting in preparing the financial statements. This assumes that the charity will continue in operational existence for the foreseeable future. The trustees consider that the CIEA currently has the financial resources necessary to support itself for a period of at least 12 months, and through the partnership with the University of Hertfordshire, the charity will continue to have sufficient funds to cover future operating costs.
## _**Accounting Convention**_
The accounts have been prepared under the historical cost convention, the Statement of Recommended Practice accounting and Reporting by Charities in accordance with; the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts include the results of the charity’s operations which are described in the Trustees’ Annual Report.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
## _**Incoming Resources**_
Total incoming resources as shown in the Statement of Financial Activities is the income of the CIEA and comprises of membership subscriptions, training and conference income agreed under a service agreement, administered by the University of Hertfordshire, received in the ordinary course of activities.
## _**Resources Expended**_
Expenditure is accounted for on an accruals basis, recognised when a liability is incurred, and classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to specific headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure is inclusive of VAT which cannot be recovered by the Institute and is reported as part of the expenditure to which it relates.
Governance costs include those costs incurred in the governance and administration of the CIEA and its assets, and are primarily associated with constitutional and statutory requirements.
## _**Basic Financial Assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic Financial Liabilities**_
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
## _**Unrestricted Funds**_
Unrestricted funds are those which are unrestricted and are available for use at the discretion of the trustees in the furtherance of the general objectives of the CIEA in which have not been designated for other purposes.
## _**Restricted Funds**_
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is identified to the fund, together with a fair allocation of overheads and support costs.
## _**Taxation**_
As a registered charity the CIEA benefits from rates relief and is generally exempt from Income Tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Page: 7
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Notes forming part of the Accounts**
## **for the year ended 31 March 2022**
|**2**
**Incoming Resources**
Income from service agreement
Membership subscriptions
Training and project income
**3**
**Investment Income**
Bank interest received
**4**
**Expenditure on Raising Funds**
Training costs
University of Hertfordshire support costs
**5**
**Expenditure on Charitable Activities**
Computer costs
Trustee travel and subsistence
Bank charges
Insurance
Sundry expenses
Accountancy charges
Bookkeeping fees|**Total**
**2022**
**£**
12,000
33,306
102,836
_______
148,142
_______
**Total**
**2022**
**£**
1
_______
**Total**
**2022**
**£**
102,836
37,946
_______
140,782
_______
**Total**
**2022**
**£**
495
566
40
751
284
3,420
1,136
_______
6,692
_______|Total
2021
£
19,500
23,910
129,293
_______
172,703
_______
Total
2021
£
27
_______
Total
2021
£
129,293
42,979
_______
172,272
_______
Total
2021
£
452
-
58
751
284
3,360
1,418
_______
6,322
_______|
|---|---|---|
Page: 8
**THE CHARTERED INSTITUTE OF EDUCATIONAL ASSESSORS**
## **Notes forming part of the Accounts**
## **for the year ended 31 March 2022**
## 6 **Employees**
During the year there were no employees or employee earnings (2021: None).
No payments were made to the Trustees of the charity. There was no remuneration paid to key management personnel.
## **7 Debtors**
|Trade debtors
Prepayments and accrued income
Other debtors
**8**
**Creditors: Amounts falling due within one year**
Other creditors
Accruals|**2022**
**£**
4,436
105
973
_______
5,514
_______
**2022**
**£**
2,771
15,148
_______
17,919
_______|2021
£
396
105
-
_______
501
_______|
|---|---|---|
|||2021
£
2,824
8,425
_______
11,249
_______|
The charity has no deferred income on the basis all membership subscriptions are administered and managed by the University of Hertfordshire.
## **9 Unrestricted Funds**
|Surplus as at 1 April 2021
Surplus for the financial year
Surplus as at 31 March 2022|**£**
40,675
669
_______
41,344
_______|
|---|---|
## **10 Control**
The CIEA has been controlled throughout the year by the Trustees as identified in the Trustees’ Report on page 1 of these accounts.
## **11 Related Party Transactions**
In May 2021, the charity entered into a service agreement with the University of Hertfordshire. The agreement provides that all membership and conference income of the charity is administered by the University of Hertfordshire in return for a guaranteed fixed fee, and runs until July 2026.
Total income transferred to University of Hertfordshire during the year amounted to £33,306 (2021: £23,910), service fees received during the period amounted to £12,000 (2021: £18,000). Membership costs incurred amounted to £37,946 (2021: £42,979). The balance owed by the University of Hertfordshire as at 31 March 2022 amounted to £973 (2021: £Nil).
Page: 9