GENDER AND EDUCATION ASSOCIATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020
Charity No: 1159145
GENDER AND EDUCATION ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2020
| CONTENTS | PAGE |
|---|---|
| General information | 3 |
| Trustees’ Annual Report | 4-5 |
| Statement of Trustees’ Responsibilities | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9-11 |
| Independent Examiner’s Report | 12 |
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GENDER AND EDUCATION ASSOCIATION
GENERAL INFORMATION
Registered charity name Gender and Education Association Charity number 1159145 Principal & registered office address GEA Executive Committee c/o UCL Institute of Education University College London 20 Bedford Way London WC1H 0AL
Trustees Independent examiner
Dr Kate Hoskins Dr Victoria Showunmi Prof V Sundaram Prof J Ringrose
Sheila Parry FCCA SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD
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GENDER AND EDUCATION ASSOCIATION
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 OCTOBER 2020
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 October 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of general information on page 2 of the financial statements.
THE TRUSTEES
The trustees who served the charity during the year are shown on page 2.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted as a Charitable Incorporated Organisation and was registered on 10 November 2014.
The charity’s constitution was signed end of October 2014 and is the document that governs the processes we follow.
OBJECTIVES AND ACTIVITIES
The overarching aim of the Gender and Education Association is - the advancement of education for the public benefit in gender equality in the field of education with particular reference to curriculum, assessment and examinations and pedagogy and in feminist understandings of, and practices in, gender and education.
This is the broad commitment of the charity, and the way it is delivered on is shaped by the Executive Committee in place at the time, and the kinds of priorities outlined by in-coming Chairs.
During 2019/20, our work focused on the following activities:
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The new co-Chairs have worked to partially reconfigure Executive Committee and ensure wider international representation
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Expanding our membership
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A lot of work has once again gone into developing annual Gender & Education conferences
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Increased engagement and activity on the GEA website
ACHIEVEMENTS AND PERFORMANCE
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During 2019-20 co-chair and Vanita Sundaram took a period of absence between January 2019 and December 2019. Kate Hoskins joined Jessica Ringrose as a new co-chair to cover Vanita. In Spring 2020 Vanita resumed her role as co-chair and in Autumn 2020, Jessica Gagnon took over from Jessica Ringrose as co-chair.
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New Executive Committee roles were also taken up by Yael Boim (conference lead), Carli Rowell (ECR rep), Yuwei Xu (membership rep), Maisha Islam (social media rep) and Tori Cann (relationships and external links rep)
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Kate Marston was our paid to lead on our social media and website development, while Audrey Jean took on a paid administrative role.
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Membership data is now held by the GEA Administrator, and records have been reviewed to ensure accurate data is being held, and statistics on membership can be generated. Processes for welcoming new members, reminding members of the need to renew their subscription and so forth are also in place
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Our international conference planned for Spring 2020 was cancelled due to COVID-19
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We suspended our call for Seedcorn Research funding due to COVID-19
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GENDER AND EDUCATION ASSOCIATION
- Our social media and web lead sought to ensure regular posts are put online.
FINANCIAL REVIEW
Membership fees and conference surpluses are the charity’s main sources of income. Our main outgoings for 2019/20 were paying our administrator and social media/website lead. We invested in bringing our membership records up-to-date and ensuring we build the necessary processes for managing this.
PLANS FOR FUTURE PERIODS
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Continue to increase and diversity our membership
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Strengthen our web presence
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Support an annual Gender & Education conference when this becomes possible to promote scholarship and dialogue about pertinent issues within gender and education and facilitate opportunities for networking
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Continue to facilitate annual seedcorn funding for different annual initiatives that benefit our membership and promote the development of research and knowledge exchange within our community of scholars
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Contribute to debates/initiatives relevant to gender and education through the involvement of our Executive Committee or relevant members of the Association in these
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In light of the COVID-19 pandemic, we have moved our activities online and have curated and host a feminist seminar series.
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GENDER AND EDUCATION ASSOCIATION
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
GEA Executive Co-Chair
Date: 13/07/21
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GENDER AND EDUCATION ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020
| Note Income and endowments from: Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income / expenditure Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 2,629 2,629 2,214 2,214 415 - 415 17,550 17,965 |
Restricted Funds £ - - - - - - - - - |
Total Funds 2020 £ 2,629 2,629 2,214 2,214 415 - 415 17,550 17,965 |
Unrestricted Funds £ 11,227 11,227 6,107 6,107 5,120 - 5,120 12,430 17,550 |
Restricted Funds £ - - - - - - - - - |
Total Funds 2019 £ 11,227 |
|---|---|---|---|---|---|---|
| 11,227 | ||||||
| 6,107 | ||||||
| 6,107 | ||||||
| 5,120 - |
||||||
| 5,120 | ||||||
| 12,430 | ||||||
| 17,550 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 9 to 11 form part of these financial statements.
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GENDER AND EDUCATION ASSOCIATION
BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2020
| Note Current assets Debtors: Amounts falling due within one year Cash at bank and in hand Creditors: Amounts falling due within one year 6 Net current assets Net assets The funds of the charity Unrestricted funds Restricted funds Total funds 7 |
2020 £ £ - 18,355 18,355 - 390 17,965 17,965 17,965 - 17,965 |
2019 £ £ - 17,940 17,940 - 390 17,550 17,550 17,550 - 17,550 |
2019 £ £ - 17,940 17,940 - 390 17,550 17,550 17,550 - 17,550 |
|---|---|---|---|
| 17,550 | |||
| 17,550 - |
|||
| 17,550 |
These financial statements were approved by the members of the committee and authorised for issue on ……15.7.2021……………………………. and are signed on their behalf by:
……… ………………………..
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GENDER AND EDUCATION ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2020
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Charities Act 2011 and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) as amended by the early adoption of Update Bulletin 1 published on 2nd February 2016 reflecting amendments to FRS102.
The Trust constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
The Trustees have taken advantage of the option for early application of the amendments to the SORP outlined in Update Bulletin 1 which does not require charities not meeting the definition of “larger” to present a cash flow statement in accordance with amendments to FRS102.
Donations
Donations received are accounted for on a received basis.
Income
All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and legacies are reported in the Statement of Financial Activities if they are received or due in the financial year.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure represents amounts invoiced, including value added tax. Donations are accounted for on a paid basis.
Taxation
The Charity is exempt from corporation tax on its charitable activities.
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GENDER AND EDUCATION ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2020
2. DONATIONS AND LEGACIES
There were no restrictions placed on donations received during the year. The donations were for general charitable purposes.
3. INCOME FROM CHARITABLE ACTIVITIES
| Membership | Unrestricted Funds £ 2,629 2,629 |
Restricted Funds £ - - |
Total Funds 2020 £ 2,629 2,629 |
Total Funds 2019 £ 11,227 11,227 |
|---|---|---|---|---|
4. EXPENDITURE ON CHARITABLE ACTIVITIES
| Research grants Administration costs Website Governance costs |
Unrestricted Funds £ - 1,902 - 312 2,214 |
Restricted Funds £ - - - - - |
Total Funds 2020 £ - 1,902 - 312 2,214 |
Total Funds 2019 £ 2,425 2,950 390 342 6,107 |
|---|---|---|---|---|
5. GOVERNANCE COSTS
| Accountancy Total governance costs |
Unrestricted Funds £ 312 312 |
Restricted Funds £ - - |
Total Funds 2020 £ 312 312 |
Total Funds 2019 £ 342 |
|---|---|---|---|---|
| 342 |
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GENDER AND EDUCATION ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2020
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
| 2020 £ 390 390 |
2019 £ 390 |
|---|---|
| 390 |
7. ANALYSIS OF FUNDS
| General Funds Unrestricted income funds Total funds |
At 1st November 2019 £ 17,550 17,550 |
Incoming Resources £ 2,629 2,629 |
Resources expended £ 2,214 2,214 |
Transfers between funds £ - - |
At 31st October 2020 £ 17,965 |
|---|---|---|---|---|---|
| 17,965 |
8. RELATED PARTY TRANSACTIONS AND TRUSTEE EXPENSES
No trustees were reimbursed any amounts in relation to Charity expenses as trustees (2019: nil) No trustees were reimbursed any amounts in relation to Charity expenses as executive member, in line with procedures set out in the Charity’s governing document (2019: nil)
9. CONTINGENCIES
The trustees have confirmed that there were no contingent liabilities which should be disclosed at 31 October 2020.
10. POST BALANCE SHEET EVENTS
Since the balance sheet date no events have occurred which would have a material effect on these financial statements.
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GENDER AND EDUCATION ASSOCIATION
Independent examiner’s report to the Trustees of Gender and Education Association, CIO (Charity number: 1159145)
I report on the accounts of the Charity for the year ended 31 October 2020, which are set out on pages 7 to 11.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act), but that an independent examination is required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements set out in the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sheila Parry FCCA SPX Oxford 19 Paradise St, Oxford, OX1 1LD Date: 14.7.2021
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