Charlty Registratlon No. 1139147 Company Regtration No. 7330723 IEngland and Wales) BALEAP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 *M31DVSH' 30104rk021 COMPANIES HOUSE
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BALEAP LEGAL AND ADMINISTRATIVE INFORMATION Trustees S ver J Slagm B Reichard K Tavakoli A Wlliams C Heyns L Han50n A Rolinska S Herrc A Murawska N Ingall P Hendrie {Appointed 3 April 20201 (Appointed 3 April 20201 (Apwnted 15 June 20201 (Appnted 15 June 20201 (Appointed 15 June 20201 Charlty number 1139147 Company number 7330723 Prlnclpal address 68. Hainry Road. Renfrew PA4 OAH Re9iStered offlce Unit F1 Intec Parc Menai Bangor Gwynedd les LL57 4FG Independent examiner Bairie Buds
BALEAP CONTENTS Pag¥ Trustees. reFQrt Statement of trustees. reSpbil1es Independent examinerfs report ststemenl of final ath.wbes 8alance sheet Statèment of eash Ilows 10 Note5 to the finanual statement5
BALEAP TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY2020 The trustees present their report and finanaal statements for the year ended 31 July 2020. The accounts have been prepaTed in accordance wth the acc119 poliues set t in note 1 to the accounts and comply wilh the charitable charity's MemoTandum and Artides of Association, the Companies Aet 2006. the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of Recommended Practice 8pplicable to charities prepaying their accounts in accordance with the Financial Reporting Standard opICable in the UK and the Republic of Ireland IFRS 1021., effective Januory 2015 (the Charrties SORP FRS 1021. Objectives and activities The ¢hanty's objects are, f the benefit of the putlic. advancement of reaming, teaching and research in the field of English for Academic Purposes IEAP) Induding. Without being lim((ed 10. l. enhancing the qualty ol leaming and teathing of English for Academic Purposes in fijrther 8nd higher educaty'on". 2. supportsng the professonal development of those involved in arning, teathing. sthdarship and research in English forA¢8demic Purposes", 3. providing an accreditation scheme for courses and pracb'b"oners in English for academic pu1$e$ and 4. promoting and disseminating understanding of English for A¢ademic Purposes to relevant stakeholders. The trustees have paid due regard to guidan issued by the Charity Commi55ion in dldIng what activities the charity should undertake. In order to achieve its tharitable objects, BALEAP undertakes a range of activth.es induding fae&tCrface and online events. publication of research and conference pre5ertats.ons proJuclifM of 51alemenls of good practice suth as teacher competenGes and guidelines for testing. BALEAP ha5 until now carried out its wJrk through the acti¥ibes of $cOmMittee5 and working parties which report regularly to an executrve committee. t*thich in retum reports to an annual general meeting. The su committees currenty COTnprise the BALEAP Accredrtalion Scheme IBASI committee, which deals wtth Ith individual and instrtulional aceredrtation and the Research and Publicatr'on5 {RPI committee. These are mo slat4e enlilies wth long-term aims. Wbrking parties are set up to deliver specific projecls over a short term. The professional development ol EAP praclitsoners is achieved through regular Professional Issue5 Meetings IPIMS), a biennial conference, a Research Training Event Serles IResTESI and a series of webinar5. PIM5 are held three lo four tsmes a year, hosted ty a member insts'tution. ResTES events are often linked to PIMS. They are open lo members and noTrmembers and usually also attended by publishers, repre$entatr¥es to promote leaching books and other support material. In order to broaden tyjr reach lo oversea5 pr3clitioner5, we have introduced webinars, which may be slan(kalone events or linked lo a PIM. Both the individual and instilulional accredrtation schemes also organise regular events lo familiarise prath"tioners wth Ihe schemes. All members have access to a discussion list through which they can engage in discussion on topics of mutual oncem. engage in informal con5ultsncy OT surveys and oblairh adwce about testing, materials for courses, syllabus design and recrurtmenl. These acti¥rties contribute to publtc benefit by enabling teachers to become better infornied ab1 the nature of their work and thus provide higher quality teaching to internatsonal student5 on EAP programmes. Al the end of 2019 a call for prorx)sals fw Speoal Interest Groups was wt OUL Al the beginning of 2020. eight Special Interest Groups were set up to allow members to develop interests in certain speofic areas. These will benefit a wder audien than those who can attend the main BALEAP face to face evenl5. The SIGS that were proposed and have been sel up are". Academic Literaae5" Creative Disupline5", Developing, Tea¢hing and Testing Academic Listeners", Doctoral Educabon," Soaal Justice", Technology Enhanced Leaming (TELI.. Testing, Assessment and Feedback,. and Transnational Education (TNEI. BALEAP contributes lo the public benefit of students through its Accredttation Scheme. which is designed to ensure the qualty of EAP courses_ Accredited courses are Itsled on the websf(e so that students can be sure they are choosing a high quality course. Members of the accreditaW¢)n scheme are r&inspected every fo years lo maintain the original quality of Ihe courses.
BALEAP TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 31 JUL Y 2020 Achievements and perfomiance Membership numbers continued to rise steadily. In Juty 2019 the number of members was 382 wth 83 oveTseas. In 2020 this had grown lo 445 membetships wth 112 overseas. During the Course of this finanryal year the Covid 19 pandemic spread a0$$ the world and from March 2020 all BALEAP events moved online. The rapidity of change meant that the PIM planned for March 2020 on the theme of'lntegration. at Northumbria had to be postpMed unlil the followng year. The AGM took place as a Zoom meeting on Friday 27 March 2020. The resurts of the electronic declions that had tsken place earfier in the year were confirne¢Y and new members of the executive committee were welcomed to their posts.. 8ella Reichard was elected as Treasurer leaving her previcyjs rde of Web Officer. Ania Rolinska was elected as Officer. Lisa Hanson was elected as Infom81K)n Officer. Steven Herron was elecled as Researth antl Publications Officer. Honorary membership was approved for Maggie Ward Goodbody on her rets"remenl from the University of Bath in regnItr.0n of her contribution lo 8ALEAP as a fomier Chair and a member of ihe BALEAP Accreditats"on Stheme committee. A further eleth.on was required in hAay followng the death of the TEAP Officer. Gary Riley-Jones. The executs've committee also made the decision lo introduce a new role of SIGS Officer in order to manage the nevly ueated SIGS. This was approved at the March 2020 AGM 8nd the election lcd( place follwng this_ FollovAng these elections. Paul Hendrie was elected as TEAP Officer. Anneli Wlliams was elected as SIGS Officer and the 0 vacancies of Ordinary Member were filled by Natasha Ingall and Anna Murawska. These membets of the executive Committee 11 be confimed in their rdes al the AGM in 2021 al the Biennial COnferee hosted by the Universrty of Glasgow. There were PIMS thi$ year. but the onsel of the Covid 19 pandemic Meant signTficanl changes to the usual programme of events and lo the planning of future events. The November PIM was held on 9 November 2019 at Goldsmiths, Universty of London on The Future of EAP.. It was followed on 13 November by a webinar on the same theme as an opportunity for further comment and discus0 of vthat was covered at the PIM. 2020. however. saw a succes51 of postponements but a150 innovation in the face of the Irangb"on to online working and teathing. The PIM due lo be held in Mah 2020 was poslponed. as was BALEAP'S first overseas PIM planned to take tAa¢e in LuxemtxyJrg in June 2020 on the t¥C of 'EAP for Doctoral Studl- Further planning for face-tIFface events was wt on hold. bul a 'Pop Up PIM, was arranged and held as a digital event on 17 June 2020. 11 was hosted by the Hong Kong University of Soence and Technology on the theme 'Migrating te8ching lo Mline delivery, and attratted an inlemats.onal audience. In parallel to the PIMS, a series of webinars and other digital events were offered by the BALEAP SIGS. most notably the TELSIG, as well as a BALEAP webiftaT on 'Caling digitsl content Ixerte and Dther loolsl, 120 Novemter 2019}. BALEAP'S major collaboration with the Chinese EAP Assouation ICEAPAI and colleagues ai Xi'an Jiaotong Liverpool Universty in China on a joint conference to be held in May 2020 al XJTLU was another event that Was unable to go ahead and had to be poslpone(J. Similarly, the usual free BALEAP Accrei1ilation Scheme (BASI profewonal development evenl held annual in May was not able to go ahead. In 2020 it was to have been held in Edinburgh on 2 May 2020 on Discipline Specificty. This was also the case wrth the popular Testing Roadshows, sthich also had to be paused until further notice. BALEAP'S furKling stream, whith was introduced in 2019 and degned to recognise the work thal our members do in collaboralion wth a broad range of colleagues in HEIS, continued a new tranche of awards of £750 budgeted f¢r out 012018-2019 suryAus fvnds. Ttte call for prosaI5 Was announced at the AGM in March 2020. The focus was on 'Narratives of innovats.on and resilience.. Supporting student learning experiences in challenging times,. Sucossfvl W"ents of the award would contribute their accounts to fom part of a cc4laled pUtl¢ation to be pubti5hed the BALEAP websf(e.
BALEAP TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2020 Ouring August 2019, BALEAP assessors w5rted UK instituknons as part of Ihe 8ALEAP Ac¢rèditation Scheme IBASI. and in February 2020, an accreditab.on visjt took place to Nazarbayev Unive¥ty in ltszakhstsn. The EAP programmes at all three institution5 were accTedited. All oiher accreditation visrts lo institutions planned for the remainder of the 201 2020 f nancial year had lo be postponed. The BAS Working Group. however, has been able lo continue its work VIeWrj the BAS Handbook and Crrteria lo ensure Ihat these can be used both vrithin the UK aThJ Overseas and are relevant to &4P delivery in other contexls. 13 new TEAP Fellows were accredited from the Nov 2019 and June 2020 submissions for Fellowship {3 Fellows. 10 Assoaate Fellows). The TBIP Officer 15 b>th"ng With the TEAP l•knrking GTOUP to revisè the Criteria and TEAP Handbook. The Nmnner of the 2019 BALEAP Dissertation was Indrit 8ulku. Ifidrit's dissert81ion is entived 'at features of legal writing matter lo domain an¢J language specialists? An exOratory study investigating indigenous assessment criteria in a secCd language legal contexy. It was wJbryMtted to Lancaster Universty as part of a Master degree. The Chair cMtinues to WTile regular 8ALEAP news a"e5 for Jthjmal of English for Academic Purposes, providing updates on 8ALEAP actilY times a year (September 2019, December 2019. January 2020, Marth 2020, May 2020, July 20201. BALEAP members have been invited to contribute narratives of teaching EAP in their own contexts across the work and these are incorF4wated into the news artides. In resp)nse to members. requests for events that do not encroath on weekends. a survey of the membership was carried out by the organising committee of the 2021 Glasgow conference to see if there was a preference for a Thursday-salurday rather than a Friday-sunday event. There was a Ight preference for Thur5day- Saturday and this was taken Into account in the annIng for Ihe conference. Flnanclal revlew At the end of the financial year. the d)arity had net reswrces amountr.ng to £275.216 {2019-. £242,518). The trustees consider this a¢Jequate to continue the planned vrt)rk of the tharity. It is the policy of the tharity that unrestricted lunds ¥"c have not been designated for a sperjfic use shcsuld be maintained at a level equivalent lo i)etsveen three and six month's expenditure. The trustees consider that reserves al this level wll ensure Ihat. in the event of a significant drop in funding. Ihey will be able to continue the Charity's current activities while considerats.on is given to way5 in which addikn"tsnal lunds may be raised. Thi$ level of reserves has been MaIntned toughoUt the year. The Irustees have assessed the major risk5 to which the chanty is exposed. and are satisfied that 5yslem5 are in place to rnitsgale exposure to the rnajor risks.
BALEAP TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 31 JULY2020 Future plan5 Two major conferences ale coming up in the period August 2020 lo Juty 2021 and both V+yII be online. The first is the biennial conference hosted by the University of Glasgow on the theme'Exploring pedagogical approaches in EAP leaching, to be held on &10 April 2021. As well as the usual range of papers and other conference activities, there will be both BAS and SIG events during the &day period. The BALEAPAGM will also lake place during the conference. The CEAPA BALEAP conference hosted by Xi'an Jiwlong Liverpool University, China wll be hdd online between 28-31 May 2021. The SIGS vall submit rep)rt$ to the EU'Ve Commiitee meeting lo be hdd in November 2020 and will continue to act as a focu5 for the development of speofic intere$ in EAP and lo run online events for their rnembers. There will be three PIMS. The Novembef 2020 PIM wll be held online by the University of Kent on '2020 Visions.. Looking back and looking ahead., The event is to take place on Friday 6 November In response to members, requests that events should not always take ace at weekends. The spring 2021 PIM vlill be h05ted by Northumbria Universty M 27 March the theme of'lntegrab"on'. In June 2021, the PIM wÉll be hosted by the University of Durham. The Chair of BAS will continue to lead the r"rj Group to revise the Cnteria and Handbook of the Accreditation Scheme lo ensure rt can be used lo accredtt instrtLrtions delivering EAP both wrthin the UK and overseas. A BAS Commrttee meeting will be helt1 on 7 October 2020 to review the work carried out on the criteria and the Handbook and lo plan for carrying out online accreditats.on during 2021. There will be a free 8AS event in May 2021 on Oisopline Speoficity. as wdl as an introducb.on to the new scheme lo be launched in 2022. 8 TEAP fellowth'p subrnissions from November 2020 are now beiry assessed. and addilional submissions are expected in June 2021. Assessors in the IAt)rking Group will continue to meet lo w¢yk on the revision of the TEAP Criteria and Handbook. Free onlwbe TEAP meetup events will be held in FebNary and March 2021 to wovide peer 5UPPOrt lo candidates. Responding to issues raised by the membership through the Jiscmail discussi list, the executive committee proposes lo.. 1. Carry out a survey lo elicit members. views on the values that should underpin the work of 8ALEAP as a professional as50aalion in order to articulate these mLYe explicitly and therefore lo.. understand how lo best support our members". make de¢iwons on allo¢ating resource5'. lake a prinpIed stance arKI Contrrte to public debate around issues in the broader ccntext of work. 2. Provide researeh fijnding to record the impacts of Cowd 19 on EAP ptIer$ and the sector. To celebrate the Soth anniversary of the founding of BALEAP las SELMOUS in 1972) a Speaal15sue of the Joumal of English f0rACadem Puojoses is [0Sed and a 11 for proposals for papers will bE sent out in autumn 2020. Structure. govemance and management The charity is a company limrted by gu8ranlee. govemed in accordance its Memorandum and Artides of Assocotion.
BALEAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2020 The trustees, are also the diredors for the purpose of company L•v. seNed ring the year arKI to the date of &gnature of the financi tements were.. Executive Committee Ms Sarah Brewer Incoming Chair IApril 2018-Al 2019}IChair {Aw'l 201&20221 Ms Maxine Gillway Chair (A[.1201&19yOlrtgO1ng Chair (April 2019-2020) Ms Lia Blaj-ward Treasurer (April 2014-20201 Ms Kery Tavakoli Events offeT IAwil 2018-20211 Ms 8ella Ruth Reichard Web Officer (A1 201&2022); Tr&¥uwAwl 20201-2023) Mr John Slaghl Testsng Officer (A1 201>20211 r John Wn'gglesworth Research a1 PU1call0nS Officer (Apn'l 2014-2020) Mr Conrad Heyns Incomir¥J BAS Chair {Awl 201&2019)IBAS Chair IApn"12019-2022) Ms Clare Poulson lnfomab.on and Publicity Officer (Apnl 2014-20201 Mr Gary Riley-Jones TEAP Officer (April 2018- Apnl 20201 Ms Jane Bottomley Ordinary Member IAwil 2017-20201 MsArfftli Wlliams Ordinary frAember (April 201&2021): SIGS Offieer May 20201-2023) Ms ts'sa Hans Ordinary Memter {April 201&2022}." Inf0mlE0n and FI11ty OfficerAwl 20201-2023} MsAroa Rolinska Officef (April 202tk2023) Mr Steven Herron Researth and PUbliCatnS Officer (Ayil 2021>2023) Mr Paul Hendrie TEAP Officer (May 2020-2023) Ms Natssha Ingall Ordinary Member (May 202Li20211 MsAnna Murawska Ordinary Member {May 2020-2021) None of the trustees has beneficial irrterest in the t1panY. All ofthe tnBlees are membets tsfthe company and guarantee to contritrMJte £1 in the event of a windir¥J up. The induction prcrtess for nevAy apre trtee$ cornp1K an e-mail ryrtlinwwj ts duties of Ihe exeejjtive members. a copy of artides of aswth.on and information atout specrfic aspects of the charity's Wofk induding the powers and resp"1.es of indiwdual trustees and the Board. A bn.ef history of the charity, Coe$ of 8wd minutes, a¢ecAJnts and a copy of the Chanty Ccmmission Guidance The Essential Trustee." IAtrat you need to know are availatk for rw IneeS ele(kn1Cay in the BALEAP G(wle Drive shad folders. BALEAP sUprts the wofessKmal devdopn7ent ofthose irwofved in learThng, teathing. sclN)&rship and search in English forAcademic Purposes IEAP). The organisatson was founded in 1972 as SELMOUS (Special English Language Materials for Ovetseas Untversty Students) and tjecame The Briti"$h Association of Lecturers in English forAeademic PurreS in 1989. 11 became a ctxnpany and a charity in 2010. changing its name lo LEAP. The trustees are not aware d any related pa1ies. The trustees. report was approved by the 8oard ofTrustees. Dated: 26 March 2021
BALEAP STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY2020 The trustees, who are also the direciors of 8ALEAP for the purpose ol company law. are responsible for preparing the Truslee5' Report and the finanaal 5ts1emenls in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingd¢yn Generally Accepted Accounting Practice). Company Law requires the trustees to Prepare finanaal statements f¢y each finala1 year vthith give a true and fair wew of the state of affairs of the tharity and of the incoming restrjrees and applie8b.on of resources. induding the income and expendrture. of the charitable company fcK that year. In preparing these financial statements. the trustees are required to.. - select suilable accounting poli(?es and then apF4y them conwstenvy" - observe the methods and principles in the Chariti"e5 SORP" - make judgements and estimates that are reasonable aThJ pruderrt" slate whether appliGable UK ACCnting Standards he been followed, subj'ect to any material departures disclose(l and explained in the finanoal statements, and ppare the finanaal ststements ¢)n Ihe going eoncem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are re5ponsiLle for keeping adequate accounting records that disdose with reasonable 8eturaey at any time the financial pr)sition of the charity antJ enable them lo ensure that the finanaal slalemenls comply wth the Companies Acl 2006. They are also responsible fry safeguarding the assets of the charity and hence for taking reasonable steps for the preventson and detecb.on of tra) arKI other irregulariti.es.
BALEAP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALEAP I report to the trustees on my examinats.on of the financial statements of BALEAP (the charity) for the year ended 31 July 2020. Respon$lbllllles and basis of report As the Iruslees of the charity land also its directors for the purposes of company law) you are responsible for the preparation of the finanaal statements in accordance th the requirements of the Companies Act 2006 (the 20C6 Act). Having sabsfled mysdf that the financial skternents of the charity are not reqLMred lo be auth'led under Part 18 of the 2006 Act and are eligible lor independerrt examination. I report in respect of my examination of the chanty's financial statements carried out under seth.on 145 of the Chaftties Act 2017 {the 2011 Act). In carrying out my examination I have followeil all Ihe apPble DIrtiOnS gven by the Charity Commisgon under section 14515llbl of the 2011 Act. Indèpendent examIneS statement I have completed my examination. I confirm tttat no matters have come to my attenlion in connection with the examination giwng me cause to believe that in any material respect. accountin9 records were not kept in respect of the tharty as required by secb.on 386 of the 2006 Act.. or the financial statements do not accord vlilh those records" or the financial statements do not coMY wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a irue 8nd fair view which is not a matter consi¢Jered 88 part of an indepen(Jent examination,. or the finanaal statements have not been prepared in ècttrfdance 7Mth the methods and prirtiples of the Slalemenl of Recommended Practice for accounting and reporting by chanlies applicable to charibes preparing their accounts in accordance with Ihe Financial Reporting Standard aFrfJlicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come auoss no olher matters in conne¢tiM the examination to vthich attention should be drawn in this report in order to enable a proper understanding gf the finanoal statements tob ed. s FCCAFCIE restmere Limited Unrt F1. Intec Parc Menai. Bangor Gwyrledd LL57 4FG Dated.. 26 Mareh 2021
BALEAP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JUL Y 2020 Unrestricted Unrestricted funds fvnds 2020 2019 Noles In Donations and legacies Investments Other income 69,907 554 27,757 72.438 106 46.669 Total income 98.218 119,213 Charrtae activit5 65,520 77,670 Net income for the yearl Net movement In funds 32.69B 41.343 Fund balances at 1 August 2019 242,518 201,175 Fund balances at 31 July 2020 275.216 242,518 The statement of finanual activits.es indudes all gains and10sses recognised in the year. l income and expenditure derive kn continLring acts"vibes. The stslement of financial activities alw conwies Ihe requirements for an income and expendilure account under the Companies Act 2006.
BALEAP BALANCE SHEET AS AT 31 JULY2020 2020 2019 Current ets Debtors Cash at bank and in haThJ 31.040 322.337 30,CQ5 268.9C6 353,377 298.911 Crndltots: amounts falling due v•lthln one year 10 (78.1611 156,3931 Net current assets 275.216 242.518 In¢omg lunds Unrestricted funds. general 275,216 242,518 275.216 242,518 The compry is el"11ed to the exempt from the ajtht retwirement contsined in secti(m 477 of the Companies Act 20rA, fc the year ended 31 2020. The trustees acknth tsr respfxbgbilibes for ensurirvj thal Ihe tharty keeps accounting records which comply wth section 386 of the Act and f( preparing ffinaal smemenls Ithich give a true and fair view of the stale of affairs of the company as at end ol the financial year aThJ of rts incomiiYJ resources and application of resources, including its irtome an¢J expenditure, for the financial year in acCordae wth the requirnents of sections 394 and 395 and 'ch otherwlse compjy Vith the requirements of the Companies Act 20C6 relatin9 10 financial statements. so far as apFdThe to the npany. The rrmbefS ve rw)t wure(l ¢panY to obtain • aJIt of its finDa1 Statem for the year in Questi in Kcordance with secti¢)n 476. These financial statements twe been yepare(l in accd wih the provts¥)ns applicable to cornpanies subject to the small companies regmme. The fin¢1 statements We apyoved by the Tfttstees 22 Marth 2021 S Brewer Company Registration No. 7330723
BALEAP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2020 2020 2019 Cash flows from operating a¢tlvlties Cash generated from operats.ons 13 52.877 47,393 Investlng activitles Interest recaved 554 106 Net cash genoraled from Investlng actlvltle$ 554 106 Net cash used in financing oCtiviti•s Net Increase in Cash and cash equtvalents 53.431 47.499 Cash and cash equivalents * beginning of year 268.906 221,407 Cash and cash equivalents at end of year 322,337 268,906 10-
BALEAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2020 A¢countlng pollcles Charlty inlormation BALEAP is a pnvate company limited by guarantee ineorporated in England and IAèles. The registered office is Unrt F1, Inlec. Parc Menai. Bangor, Gwedd. LL57 4FG. Wales. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charitys Memorandum and Articles of Assooalion, the Companies Act 20C6 and "Accountrng and Repoth'ng by Charrties.. Statement of Recommended PTaetice applicable to chaTrties preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Rewblic of Ireland IFRS 1021. las amended for accounting periods commencir¥J from 1 January 2016). The tharity is a Public Benefit Er"ty as defined ty FRS 102. The financial slatemenls are prepared in sterling. v4hith 15 the functional cwrency of the charty. Monetary amc4Jnt$ in these financgal statements are rounded to the rEarest £. The financi statements have been prepared urmler the historical cost convention. The principal accounting policies adopted are set out beltr. 1.2 Going concem At the time of approving the ffinanci slalemenls. the trustees have a asonable expectation that the chanty has adeqvale resources lo conb'nue in opefaknonal existence f¢y the f¢xeseeable future. Thus the trustees continue to adow the going concem bas5 of accounting in preparing the financial statements. 1.3 Charitable hjnds Unrestricted funds are av8ilable fty use al the th'scre1v of the trustees in furtherance of their charitable objectives. Restricted fund5 are subject to speufi¢ condrtions by éonors as to h¢)w they may be used. The purw)ses and uses of the restricted fvnds are set out in the notes to the financial statements. Endowment funds are subject to specific Condth.S by donors that the eaytsl must te mainlèined by Ihe charity. 1A Income Income is recognised when the tharity is legalty entsded to rt after any perf0mlae conditions have been met, the aMots can be measured rella1y, and it is probable that income wil be reeeived. Cash donations are recognised on receipt. Other d(Thtions are recogrnsed once the charity has been notified of the donation. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to dthnations recetved under Grft "d or deeds of covenant is recognised al the time of the donation. Legacies are recognised receipt cw otherwise rf charity has been nolffied of an impenLlin9 distribution, the amount is krK>wn. and receipl is expected. If the amount is n¢X known. the legaw is treated as a conts'ngent asset. 1.S Expendituro During the year the tharity operated a TrgIe urKeslrided incg)me fund. Accreditatton, Professional Issues Meeting5 and similar meeting5 are regarded as integral to the general object5 and activities and are identified as componenls of the single unre5twj.cted fijnd. 11
BALEAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2020 Accountlng policies Icontlnued) 1.6 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposTt5 held al call with banks, other short-term liquid investments with original maturitres of three mcrfths less. and bank overdrafts. 8ank overdrafts are shown wtrin borrowings in current liatslrties. 1.7 Financial instruments The charity has eleded lo apply ihe provisions of Section 11 'Basic Financial Instruments, and Sec*ion 12 'OtheT Financial Instrumenls155ues' of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the chanty's balance sheet en the charity tecomès party lo the contractual provisions of the instrument. Financial asseis and liabilities are offset. wrth the net amounts presented in the finanaal statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis OT to realise the asset and settte Ihe liabilty wmullaneou$ly. Basic financial assets Basic financial assets, vthich include debtors and cash and bank balances, are inth.ally measured at transaction price induding transaction costs an¢J are wbsequently earned at amortised cost using the effective interest method unless the arrangement con5trtutes a financing transaction. vthere the transaction is measured al the present value of the future reip1S éiscounled al a market rate of inte$1. Financial assets dassified as receivable wthin one year are not amortised. Basi¢ linanclal liabilities Basic financial lialitieS, induding credrtofs and bank loans We initially recognised at transaGtion price unless the arrangement eonstrtutes a filnCIng transaction, %there the debt instrument is measured al the present value of the future payments discrwnted at a market rate of interest. Financial liabilities dassified as payable within one year are not amorb"sed. Debt instruments are subsequentty rried al amortssed cost. Ung the effective interest rale method. Trade creditors are obligatiS to pay for gc#yls or semces that have been acquired in the ordinary course of operations from SUPF4iers. Amounts payable are dassified as current liabilities if payment is due wthin one year or less. If not, they are presented as n¢)n-current liabilrtie5. Trade creditors are recognised initially al transaction price and subsequenuy measuretl at arno"$8d cost using Ihe effective interest method. D•recognition of financial liabilities Finanual liabilibes are derecognised vthen the tharity's ntractU obligab.S expire are discharged or eancdled. Crlti¢al a¢countlng estlmates and judgements In the apicatIC of the charity's accounting pofiues, the trustees are required to make judgements. eslimale5 and assumptions about the carrying amount of assets and lialitIeS that are not readily apparent from other sources. The eslimales and assoualed assurnplion5 are based on historical experience and other fxtors Ihat are con%dered to be relevant. Actual resuA5 may differ from these estsmates. The estimates and underlying 8ssumpb.ons are reviewed on an ongoing basis. RevlonS to accounting eslimales are recognised in the period In vthith the estimate is revised where the Tevision affects only Ihat period, or in the period of the revision and fLrture peric4Js vthere the revision affects b)th Cuent and lulure periods. 12-
8ALEAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2020 Donations and lfrgacies Unrestrlcted Unrestricted fund5 funds general general 2020 Membership fees 69,907 72,438 Investments Unrestricted Unrestricted funds funds general general 2020 2019 Interest receivable 554 106 Other income Unrestrlcted Unreslricled funds funds general general 2020 2019 A¢ditatIOn scheme income Other charitable income Evenls 19.320 487 7,950 19.320 8,524 18,825 27,757 46,669 13-
BALEAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2020 Chavltable a¢tfvlti•s 2020 2019 Conferences and meeting5 Publications Website related costs Administration costs JEAP cosls TEAP accredilalion and events Awards and lunding Accreditation meetings Accountancy Governance 6.178 398 5,602 20.978 20.444 1.696 3.444 4.692 1.638 450 12.930 100 3,616 25,057 18.896 1.150 500 13,713 1,458 450 Unrestricted fund expenditUTe 65.520 77.870 Trustees None of the trustees lor ary pers(5 connected with them) received ony remuneration durin9 the year. Payment5 are made to academic inststUtft$ to ummpensate them ffx time spenl on the academic business of the charty. No suth payments are made in respert oflhe govemance of the tharity. Employees There were no employees during the yew. Debto 2020 2019 Amounts falling due wllhin one year: Other debtors 31,040 30.005 10 Creditors: amounts falllng due wlthln one year 2020 2019 ruals and deferred income 78,161 56,393 14-
BALEAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2020 11 Coronavlrus pandemlc Flnanclal impact The finanual impact of the Cow&19 pandem on BALW is negative and poytive. As our income has dropped Ightly. our expenses have also dropped. Overall. for the current financial year, we have no reason lo be worried, but we are closely monrtoring the factors that influere OUT decreased Income and vknether these remain commensurate wth decreased expenses. Our iwo main sources of income are memberth"p contributions and events fees. Our membership income ha5 decreased only very slightly. However, we assume that some membership contributions have corne out of the previous year's CPD budget for some of our membe(s. As CPD budgets keep being reduced, we are aware of the possibility that there may be a further reducb'on in income for the next year. but we expect this to be temporary and contributs.ons to stabilise in 2022 al the latest. Income from events has gone COmF4etdy for a year. as all events were etther cancelled or moved online and offered for free. Having reviewed our own experien practice in the sector, we are be9inning lo tharge for Mline events in January 2021. The majorrty of even15 has not incurred costs beuSe hosts were able to use existing platfofm licenses provtded by their instr'lutions. but Ihere will be costs for our Uptttming rnain eonferenee. a expeth.ng lo break even for this. wth the introduction of fees for this event. Our expenses have decreased because online event5 so far have not incurred co$1$ (catering, room hire etc.) and there have been no travel expenses for any asped of the charity. AJI meetings that would nomially have created expenses (Exec meets'ngs, &4Wt64P ratffication meetsn95. training events el¢.) have been moved online. Practical Impact A main impact C our organisalion was that several Img-planned events had to be cèncdled or postponed, but conversely, other events were organise(I sometimes at short notice, espeaally around online teaching and assessmenl. Other events were moved online. resulting in higher-than-expected attendan. Meetings We also moved online. resultrng in mcye frequent communicats"on. Quf members were impacted rne Ihan our organisation, and we have cDmrnissioned a research project lo find out exactly what the Impact was and how prd)lems were solved, so that members can leam frorn each other. Throughout the pandemic, the community has stepped up lo support each other through a wide variety of online events and resources. vknich was p0sble because throLtgh our organisation there were ready-made communicalion5 channels, such as new SIGS. some of ¥thich Stepped up to provide informatson and allOrMS for exchange of practice. Overall, the directors are of the opinion that the organisalion has adequate resources lo provide its services lo members and 11 keep llis under constant review as the response to and recovery from the pandemic progress. 12 Related party transactlons There were no disdosable related paty transadions dlng the year12019- none). 15-
BALEAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2020 13 Cash generated from opevation$ 2020 2019 Surplu5 for the year 32,698 41,343 A¢Jjuslments for. Investment incorne recognised in stslement of firTrancial activities 15541 11061 Movements in woth'ng caprt4'. Ilncrease) in debtors Increase in ¢reditor$ (1.0351 21.768 111.9051 18.061 Cash generated from operations 52,877 47,393 14 Analysi$ of changK in net funds The charity had no debt during the year. 16-