## **Trustees’ Annual Report for the period** ## **From: 01/04/20 Period start date** ## **To: 31/03/21 Period end date** **Charity name: EFT International (formerly AAMET International) Charity registration number: 1176538** ## **Objectives and activities** SORP reference Summary of the purposes Para 1.17 To promote for the public benefit the of the charity as set out advancement of education and in its governing knowledge in the field of Emotional document Freedom Techniques (EFT) practice and training Summary of the main Para 1.17 and 1. Establishing and upholding the activities in relation to 1.19 highest standards of ethics and those purposes for the conduct, including Safeguarding public benefit, in 2. Acting independently of any particular, the activities, regulatory body projects or services 3. Publishing a complaints identified in the procedure for all members and accounts. the general public. 4. Encouraging professional practice and that teaching/training follows the core curriculum laid down in the training guidelines. 5. Provide information to the general public and forge links with relevant professionals about the benefits and working practices of EFT. 6. Maintaining a list of members and only allowing practising members to join on the proviso that they agree to, and abide by, (where applicable) EFTi Training Regulations, the EFTi Code of Conduct and Ethics, and EFTi Guidelines on CPD and Mentoring as updated and amended from time to time. 7. We are working to develop a culture and team that reflects and promotes the diverse cultural, religious, gender and health experiences of our international membership, and to this end, have appointed a diversity officer to advise the board. 8. Providing support by making available meetings for members to be a forum for sharing ideas, concerns that may arise in practice 9. Producing a regular newsletter Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit - 10.Updating members on recent EFT research by organising an annual online Symposium and via a research newsletter. - 11.Wherever possible, making available, affordable Professional Liability Insurance for members - Para 1.18 Yes, the trustees have received and read this guidance ## **Additional information (optional)** You may choose to include further statements where relevant about **----- Start of picture text -----**
SORP
reference
N/A
Para 1.38
Policy on grant making
N/A
Para 1.38
Policy on social
investment including
program related
investment
With the exception of specific specialist
contracted work, most of the activities
Para 1.38
Contribution made by of the charity are undertaken by
volunteers volunteers, who number about 39
across the different teams. We
continue to expand our volunteer
teams to cater to the increasing
workload as the organisation expands
but recognise that we do now need to
move towards a point where more work
is paid.
N/A
Other
**----- End of picture text -----**
## **Achievements and performance** ||Summary of the main
achievements of the
charity, identifying the
diference the charity’s
work has made to the
circumstances of its
benefciaries and any
wider benefts to society
as a whole.|Para 1.20|**1.**Our Code of Conduct and Ethics is
published on the website and is
evaluated and refned in response to
on-going learning in the feld of Ethics.
This year we have continued to raise
our members’ awareness of work with
both vulnerable adults and children
and young people, and to recognise
the responsibilities involved.
2. EFT International is the only EFT
organisation which has a requirement
for ongoing regular mentoring of
practitioner work. This function has
been enhanced this year by the
development and delivery of 3
workshops aimed at improving the
standard of mentorship provided by
mentors (trainers and approved
accredited advanced practitioners)
3. Our independence from regulatory
and other such bodies is shown in our
response to the NICE (National Institute
for Health and Care Excellence) draft
guidance on PTSD (Post Traumatic
Stress Disorder). Following our
submission, NICE substantially revised
its attitude towards EFT and now
recommends further research.
4. Because of a recognition of the
overlap that sometimes happens
between ethics issues and Training and
Accreditation Board (TAB) functions,
the ethics team has recruited a
member of the Training and
Accreditation Board to give specialist
TAB perspectives and to act as liaison
between the two teams
5. The complaints procedure is
published. Four complaints were
brought to the attention of EFTi this
year. 1 was not involving the practice
of EFT and was therefore not upheld; 1
was raised because of a refusal to
refund money paid in advance for a
course of EFT sessions. The problem
was resolved before all the sessions|| |---|---|---|---|---| had been taken, and the practitioner’s terms and conditions did not include refund of prepaid monies. The practitioner was advised about future business practice. Concern was expressed about a student making offers via Facebook that were beyond her competence. The student was interviewed and advised appropriately. A serious case was referred to the ethics team involving a Master Trainer in Canada who was in breach of contract with both a trainer trainee and the EFT International training standards. After lengthy investigation, the Master Trainer chose to resign from EFT International membership in preference to facing a disciplinary panel, where a possible sanction may have been suspension of membership, although wherever possible, we adopt a ‘Restorative Justice’ approach of seeking understanding of what went wrong and restoration and reconciliation, rather than adopting a punitive approach. 7. We offer a free downloadable basic EFT training manual to members of the public who subscribe to our Newsletter. To increase the accessibility, this has now been translated into French, Arabic, German, Dutch and Italian. Spanish, Farsi and other language versions are pending 8. We maintain a Practitioner Directory on the website, which serves to inform members of the public who are seeking fully qualified, competent and ethical practitioners. 9. We have an active Communications team of volunteers who host a number of social media sites for members to meet, share and seek guidance or support. Additionally, our mentoring requirement includes group mentoring, which leads to our trainers setting up small mentoring communities and groups for discussion, support and consequent improvement or practice standards and public safety. 9. The newsletter is published regularly 10. We have a block agreement with a specialist insurance provider. ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Overall, we have achieved significant
success in improving access to quality
Para 1.41
Achievements against information and practice of EFT and in
objectives set validating the evidence base for EFT,
thereby greatly improving public
benefit.
N/A
Para 1.41
Performance of
fundraising activities
against objectives set
N/A
Para 1.41
Investment performance
against objectives
Other
**----- End of picture text -----**
## **Financial review** ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
See above.
We hold no investments.
Para 1.47
The charity’s principal As we have no employees there is no
sources of funds need for a pension policy.
(including any
fundraising)
N/A
Para 1.46
Investment policy and
objectives including any
social investment policy
adopted
Review of the charity’s Para 1.21 The charity is in a healthy financial
There are no material uncertainties
financial position at the position at 31 March 2021 with a
related to events or conditions that
end of the period Para 1.46 General Reserve Fund of £115,545 and
A description of the cast significant doubt on the charity’s an EFT Research Reserve Fund of
principal risks facing the ability to continue as a going concern
£7,267.
charity
Our principal source of funding was
from membership donations (£71,207).
EFT International’s first online scientific
Sustainability is an issue that is
symposium, Tapping into Health and
Other actively considered by the board and
Wellbeing , contributed £11,220. We
trustees. Most of our income currently
received £9,333 from our accreditation
is from membership donations, and as
processes and exams, and promoting
we improve standards of training, affiliate links resulted in a further
mentorship and CPD, we are
£6,954.
increasingly firmly established as the
Management and administration of the
‘go-to’ body for excellence in EFT. In
membership was our main expense,
the meantime, we are actively seeking
followed by management of the
alternative sources of funding,
website (£12,726), of operations
including donations from different (£11,596) and of accreditation and
sources and collaboration with other
training (£9,853).
groups to attract affiliate fees for
At the end of the financial year EFTi
training and other events.
held Current Assets amounting to
£123,194 against Liabilities of £7,276.
Statement explaining the Para 1.22 Our General Reserve needs to be of the
policy for holding order of at least £58,000 to keep the
reserves stating why they organisation afloat for, say, six months
are held in the event of a sudden or
unprecedented absence of income.
EFT has a growing research base but,
in order to advance its acceptance
amongst the scientific and traditional
healthcare community, more is
needed, so we hold an EFT Research
Fund reserve to this end.
Amount of reserves held Para 1.22 £122,812
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 None
in deficit
Explanation of any Para 1.23 None. As this accounting year ended,
uncertainties about the the world continued to be in a global
charity continuing as a pandemic, but the organisation
going concern remained a going concern and
continues to operate effectively.
**----- End of picture text -----**
## **Structure, governance and management** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution. The Governing Document
document: for example, is unchanged from that agreed with the
trust deed, memorandum Charity Commission
and articles of
association etc
How is the charity Para 1.25 CIO
constituted?
for example limited
company, unincorporated
association, CIO
Trustee selection Para 1.25 The first Trustees were self-selected
methods including details from people who had a long and
of any constitutional respected reputation within the field of
provisions e.g. election to EFT. Additional Trustees were recruited,
post or name of any increasing the breadth of skills and
person or body entitled geographical spread of the
to appoint one or more membership. Appropriate selection
trustees processes are being developed by the
existing trustees and management
executive team for further additions,
including a replacement for one trustee
who resigned at the end of the year,
due to other commitments.
**----- End of picture text -----**
## **Additional information (optional)** ## You may choose to include further statements where relevant about: **----- Start of picture text -----**
An induction pack is being developed,
Policies and procedures Para 1.51 though currently, all trustees are
adopted for the induction recruited from within the membership,
and training of trustees so are familiar with the organisation.
Para 1.51
The charity’s
organisational structure
and any wider network
with which the charity
works
Para 1.51
Relationship with any
related parties
Other
**----- End of picture text -----**
## **Reference and administrative details** Charity name EFT International Other name the charity None uses Registered charity 1176538 number Charity’s principal EFT International, The John Greenway Building, John address Greenway Close, Tiverton, Devon EX16 6QF. UK ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Judy Byrne
2 Jacqui Crooks
3 Karin Davidson
4 John Freedom
5 Denise Welsh
6 Juliet Leroy
7 Deborah
Director name
Sampson
None
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
Corporate trustees – names of the directors at the date the report was approved Name of trustees holding title to property belonging to the charity None **Trustee name Dates acted if not for whole year** Funds held as custodian trustees on behalf of others Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets ## Additional information (optional) ## **Names and addresses of advisers (optional information)** ## **Type of Name Address adviser** **Name of chief executive or names of senior staff members (optional information)** N/A ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A Other optional information N/A ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees/directors** **Signature(s)** **Full name(s)** Dr William Carl Stonier **Position (for example** Hon Company Secretary **Secretary, Chair, etc) Date** 1 Nov 2021 EFT) International A Charity Incory)orated Organisation {ClO) (Fornierly Th¢ Association for the Advancement of Meridian Energy T¢chniques) (UK registered Charity number 1176538) Financial Statements for the year ended 31 Mareh 2021 CONTENTS Independent Examiner's Report Treasurer's Report Statement of Financial Activities Balance Sheet Notes **Signature:** Garry Alexander Garry Alexander (Nov 8, 2021 10:10 GMT) **Email:** wheelerstiv@msn.com **Signature:** Hilary Jones (Nov 6, 2021 22:06 GMT) **Email:** treasurer@aamet.org EFf IDterllAtionAI (CIO) (Registered UK Charity number 1176538) Statement of Financl41 Activities for the year ended 31 Mar¢h 2021 Year ended Year ended 31.03.21 31.03.20 Not¢ Donatlon8 . Membership R¢serv¢d for EFf R¢search Fund 71.207 1.962 73,169 61, 744 412 02.156 Accreditation Audio-visual Conference atLd Meetin¥s On-line Exams Disc105urc and BarTing Service Affiliate Income Bank Interest 2J30 1,470 2,198 11,220 7,003 165 6,954 33 100,874 5,041 55 8,994 151 80,045 Ex Travel. Accommodation and Subsistence websi￿ Management Conferences & Mcclings Disclosure and Barring Scrvice8 AGcrcditationrrraining Manag¢m¢nt Operations Management Promotion and Printing Membership Administralion General Administration Bank and PaYP￿ Charges Lc88l and Prof¢ssional fces A￿oUntanCY & Examination Honoraria payments AmortiS8tion of Jntangiblc Asscls 59 12,726 162 128 9053 IlJ96 2,484 17A42 432 3,023 1,691 2,124 22110 2.895 10,705 41 7,979 14,015 1,271 16,827 279 2,213 90 1.850 i. loo 4.284 li 68,303 32.571 05.033 15,012 Ordlnary (deficit)18urplui for the perio(VyeAr Le88 materlAI Item8: Abortlve Costs 1,000 Oper*¢lng Surplus for the yearlpcrlod 31071 15.012 Transfer donations to EFT Research Fund Transfer EFT funds for expenditure (1,962) 1,194 12 (768) (412) Remalnder transferred to General Reserve 30,803 14,600 This pagt must be revdd with the notes and Trea8Uttf'g report. Page 4 EFT International (CIO) Balance Sheet As at 31 March 2021 Note 2021 2020 Intan 'ble Assets Webslle Less: Amortisation 5,629 3,629 9,259 3,030 2,000 5,029 Trade Marks and Identlty Additions Less: Amorttsation 5,548 3,144 3,058 654 654 4,894 5,548 Current Assets Stock of books Prepaid costs HSBC Account Balances PayPal Account 2,430 3,230 115,756 1.778 3,120 4,358 77, 750 1,530 123,194 86, 764 Less Current Llabllltl Creditors and Accruals 7376 6, 700 115,918 80,064 122,812 91,241 The Agsoelation Reserve Funds General Reserve Opening balance l April 2020 Surplus for the periodlyear 84,742 30,803 115,545 70,142 14,600 84. 742 Reserve Fund (EFT Re8eareh) Opening balancc l April 2020 Fund mov¢m¢nt in year 6,499 768 0,087 412 7367 6,499 122,812 91,241 This p74ge must be read with the notes and the Treasurer's Report. Pag¢ 5 EFf International (fornierly AAMET International) (CIO) (Registered UK Charity number 1176538) Notes to the Statement of Finaneial Activities ear to 31 March 2021 Operating name The Charity Commissioners acknowledged the Association's new name of EFT International (fornierly AAMET Int¢rnational) on 29 April 2020. l. Accounting Period and Complianee These accounts comply with the relevant Charity SORP (SeL¥)nd edition), FRS102 and UK Charity law as applicable. 2. Basls of preparatlon 2.1 Aeeountlng Th¢ Accounts have b¢en prepared under the Historical Cost Convention with items reco￿lSc￿l at cost or transaction value unless otherwise Ststed in the relevant note, Th¢ Accounts hav¢ ￿¢n prcpared in accordance with the Staternent of Recommendcd Practice.. Accounting and Rcporting by Charities and the Financial Reporting Standard applicabl¢ in th¢ United Kingdom and Republic of Ireland (FRS102) and with th¢ Chariti¢s Act 2011, The Charity Constitutes a public benefit entity as defin￿ by FRSI 02. 22 Golng Coneern There are no material uncertainties related to events or conditions that cast significant doubt on the Charity's ability to ¢onlinue a8 a going concern. Page 6 EFf International (fornierly AAMET Intsrnational) (CIO) (Registered UK Cbarity number 1176538) Notes to the Statement of Financial Aetlvitl¢s for th¢ ear ended 31 March 2021 3 True & fair view The Accounts present a true and fair view and the Accounting policies adopted are those outlined in noles 3 and 4 below. Income 3.2 Memb¢rship Subscriptions received in the nature of a gift recognised as Donations, 3.3 Membership Subscriptions which give a member the right to s¢rvic¢s or other benefits would be recognised as income earned from the provision of goods and 8¢rvic￿ from charitable activities. 3.4 Donation5 from book sale8 are transferred to the EFT Research reserve fund 4 Intanglble Asset8 The future Residual Value of the Association's website is estimated to be £2,000 at 31 March 2021. Trade Mark and Identity costs being written off over ten years. Amortisation is calculated on a Straight line b&8iS. 5 Donated Good8 and Servlcej Thcrc W¢￿ no donat¢d s¢rvic¢5 or goods rcccived requiring reCo￿ltiOn in the year. Pag¢ 7 EFT Internvdtionydl (formerly AAMET International) (CIO) (Registered UK ChArity number 1176538) Notes to the StAtement of FinAneial Aetivities eAr ended 31 March 2021 6 Related Party Transr4¢tions The following serviccs were supplied to or by the Charity by related parties and volunteers on a contract for services basis: 2021 2020 J Crooks (Trustee).. EFf Sessions H Jones (Voluntary Treasurer): Book-keeping scrvices C Sutton (Volunteer): Accredilation Work J Barbee (Volunteer): Webglte services C Stonier (Volunteer): Accreditation work M Moorby (Volunt¢¢r); A￿r￿ltation work B Moor¢-Hafter (Volunte¢r): Accrcditation work M Bennetl {Volunteer)'. Accreditation work W Thomas (Volunt¢¢r): R¢search work 200 4,494 7,460 6,193 6,160 8.098 7,929 630 145 55 630 259 143 268 7 Tru8tet8 Expenies & Benefltl Expenses were reimbursed in accordance with the Association's strict policy. The Trustees enjoy the benefits of membership but rC￿1Ved no other benefits. 8 Post Balance Sheet Events There are no material post-balance sheet events rcquiring disclosure. 9 Materlal Iran9aellons Abortive Costs Our Wordmark application covering Australia was unsuccessful and the costs of £l,(K)O or¢ abortiv¢ on th¢ basis that no furth¢r application is envisaged. Page 8 EFf Internation￿ (formerly AAMET Internatlonal) (CIO) (Regtstered UK Charlty number 1176538) Notes to the Statement of Flnanelal Activities ear ended 31 March 2021 10 Independent Scrutlny These Accounts have been the subject of statutory external scrutiny as requifftl by UK Charity law in accordance with th¢ applicabl¢ Statement of Recommended Practice. The Independent Examiner's services and fees are set out below., For Independeni Examination Acwuntancy and other advice 740 1,050 I l HonorArlA payments and beneflts The Association's abiltly to undertake its charitabl¢ activiti¢s is d¢p¢nd¢nt on its voluntary office holdcrs, work¢rs and conlributors. The Trustee5 decided to acknowledge the special contribution of the following for the year: Cash Other Benefils Chairperson (three at £300) 900 ) Membership (free) Other members of the Executive Board 600 ) Other Volunteers (4) 700 ) Total 12 Research Fund £1,194 from the fund was US￿ to purchase open acccss to an EFT research article. Page 9 ## 27000 EFTi Financial Stats 2021 FINAL Final Audit Report 2021-11-08 Created: 2021-11-06 By: Jacqui Footman (jacqui.footman@aamet.org) Status: Signed Transaction ID: CBJCHBCAABAABGNHRJkFpNkHzINAGcFRlATqTAh57R8c ## "27000 EFTi Financial Stats 2021 FINAL" History Document created by Jacqui Footman (jacqui.footman@aamet.org) 2021-11-06 - 1:00:40 AM GMT- IP address: 86.137.140.108 Document emailed to Hilary Jones (treasurer@aamet.org) for signature 2021-11-06 - 1:01:51 AM GMT ## Email viewed by Hilary Jones (treasurer@aamet.org) 2021-11-06 - 4:23:36 PM GMT- IP address: 66.249.93.139 ## Document e-signed by Hilary Jones (treasurer@aamet.org) Signature Date: 2021-11-06 - 10:06:06 PM GMT - Time Source: server- IP address: 86.186.221.210 Document emailed to Garry Alexander (wheelerstiv@msn.com) for signature 2021-11-06 - 10:06:07 PM GMT Email viewed by Garry Alexander (wheelerstiv@msn.com) 2021-11-08 - 9:55:16 AM GMT- IP address: 81.168.12.232 ## Document e-signed by Garry Alexander (wheelerstiv@msn.com) Signature Date: 2021-11-08 - 10:10:27 AM GMT - Time Source: server- IP address: 81.168.12.232 Agreement completed. 2021-11-08 - 10:10:27 AM GMT EFT) International A Charity Incory)orated Organisation {ClO) (Fornierly Th¢ Association for the Advancement of Meridian Energy T¢chniques) (UK registered Charity number 1176538) Financial Statements for the year ended 31 Mareh 2021 CONTENTS Independent Examiner's Report Treasurer's Report Statement of Financial Activities Balance Sheet Notes **Signature:** Garry Alexander Garry Alexander (Nov 8, 2021 10:10 GMT) **Email:** wheelerstiv@msn.com **Signature:** Hilary Jones (Nov 6, 2021 22:06 GMT) **Email:** treasurer@aamet.org EFf IDterllAtionAI (CIO) (Registered UK Charity number 1176538) Statement of Financl41 Activities for the year ended 31 Mar¢h 2021 Year ended Year ended 31.03.21 31.03.20 Not¢ Donatlon8 . Membership R¢serv¢d for EFf R¢search Fund 71.207 1.962 73,169 61, 744 412 02.156 Accreditation Audio-visual Conference atLd Meetin¥s On-line Exams Disc105urc and BarTing Service Affiliate Income Bank Interest 2J30 1,470 2,198 11,220 7,003 165 6,954 33 100,874 5,041 55 8,994 151 80,045 Ex Travel. Accommodation and Subsistence websi￿ Management Conferences & Mcclings Disclosure and Barring Scrvice8 AGcrcditationrrraining Manag¢m¢nt Operations Management Promotion and Printing Membership Administralion General Administration Bank and PaYP￿ Charges Lc88l and Prof¢ssional fces A￿oUntanCY & Examination Honoraria payments AmortiS8tion of Jntangiblc Asscls 59 12,726 162 128 9053 IlJ96 2,484 17A42 432 3,023 1,691 2,124 22110 2.895 10,705 41 7,979 14,015 1,271 16,827 279 2,213 90 1.850 i. loo 4.284 li 68,303 32.571 05.033 15,012 Ordlnary (deficit)18urplui for the perio(VyeAr Le88 materlAI Item8: Abortlve Costs 1,000 Oper*¢lng Surplus for the yearlpcrlod 31071 15.012 Transfer donations to EFT Research Fund Transfer EFT funds for expenditure (1,962) 1,194 12 (768) (412) Remalnder transferred to General Reserve 30,803 14,600 This pagt must be revdd with the notes and Trea8Uttf'g report. Page 4 EFT International (CIO) Balance Sheet As at 31 March 2021 Note 2021 2020 Intan 'ble Assets Webslle Less: Amortisation 5,629 3,629 9,259 3,030 2,000 5,029 Trade Marks and Identlty Additions Less: Amorttsation 5,548 3,144 3,058 654 654 4,894 5,548 Current Assets Stock of books Prepaid costs HSBC Account Balances PayPal Account 2,430 3,230 115,756 1.778 3,120 4,358 77, 750 1,530 123,194 86, 764 Less Current Llabllltl Creditors and Accruals 7376 6, 700 115,918 80,064 122,812 91,241 The Agsoelation Reserve Funds General Reserve Opening balance l April 2020 Surplus for the periodlyear 84,742 30,803 115,545 70,142 14,600 84. 742 Reserve Fund (EFT Re8eareh) Opening balancc l April 2020 Fund mov¢m¢nt in year 6,499 768 0,087 412 7367 6,499 122,812 91,241 This p74ge must be read with the notes and the Treasurer's Report. Pag¢ 5 EFf International (fornierly AAMET International) (CIO) (Registered UK Charity number 1176538) Notes to the Statement of Finaneial Activities ear to 31 March 2021 Operating name The Charity Commissioners acknowledged the Association's new name of EFT International (fornierly AAMET Int¢rnational) on 29 April 2020. l. Accounting Period and Complianee These accounts comply with the relevant Charity SORP (SeL¥)nd edition), FRS102 and UK Charity law as applicable. 2. Basls of preparatlon 2.1 Aeeountlng Th¢ Accounts have b¢en prepared under the Historical Cost Convention with items reco￿lSc￿l at cost or transaction value unless otherwise Ststed in the relevant note, Th¢ Accounts hav¢ ￿¢n prcpared in accordance with the Staternent of Recommendcd Practice.. Accounting and Rcporting by Charities and the Financial Reporting Standard applicabl¢ in th¢ United Kingdom and Republic of Ireland (FRS102) and with th¢ Chariti¢s Act 2011, The Charity Constitutes a public benefit entity as defin￿ by FRSI 02. 22 Golng Coneern There are no material uncertainties related to events or conditions that cast significant doubt on the Charity's ability to ¢onlinue a8 a going concern. Page 6 EFf International (fornierly AAMET Intsrnational) (CIO) (Registered UK Cbarity number 1176538) Notes to the Statement of Financial Aetlvitl¢s for th¢ ear ended 31 March 2021 3 True & fair view The Accounts present a true and fair view and the Accounting policies adopted are those outlined in noles 3 and 4 below. Income 3.2 Memb¢rship Subscriptions received in the nature of a gift recognised as Donations, 3.3 Membership Subscriptions which give a member the right to s¢rvic¢s or other benefits would be recognised as income earned from the provision of goods and 8¢rvic￿ from charitable activities. 3.4 Donation5 from book sale8 are transferred to the EFT Research reserve fund 4 Intanglble Asset8 The future Residual Value of the Association's website is estimated to be £2,000 at 31 March 2021. Trade Mark and Identity costs being written off over ten years. Amortisation is calculated on a Straight line b&8iS. 5 Donated Good8 and Servlcej Thcrc W¢￿ no donat¢d s¢rvic¢5 or goods rcccived requiring reCo￿ltiOn in the year. Pag¢ 7 EFT Internvdtionydl (formerly AAMET International) (CIO) (Registered UK ChArity number 1176538) Notes to the StAtement of FinAneial Aetivities eAr ended 31 March 2021 6 Related Party Transr4¢tions The following serviccs were supplied to or by the Charity by related parties and volunteers on a contract for services basis: 2021 2020 J Crooks (Trustee).. EFf Sessions H Jones (Voluntary Treasurer): Book-keeping scrvices C Sutton (Volunteer): Accredilation Work J Barbee (Volunteer): Webglte services C Stonier (Volunteer): Accreditation work M Moorby (Volunt¢¢r); A￿r￿ltation work B Moor¢-Hafter (Volunte¢r): Accrcditation work M Bennetl {Volunteer)'. Accreditation work W Thomas (Volunt¢¢r): R¢search work 200 4,494 7,460 6,193 6,160 8.098 7,929 630 145 55 630 259 143 268 7 Tru8tet8 Expenies & Benefltl Expenses were reimbursed in accordance with the Association's strict policy. The Trustees enjoy the benefits of membership but rC￿1Ved no other benefits. 8 Post Balance Sheet Events There are no material post-balance sheet events rcquiring disclosure. 9 Materlal Iran9aellons Abortive Costs Our Wordmark application covering Australia was unsuccessful and the costs of £l,(K)O or¢ abortiv¢ on th¢ basis that no furth¢r application is envisaged. Page 8 EFf Internation￿ (formerly AAMET Internatlonal) (CIO) (Regtstered UK Charlty number 1176538) Notes to the Statement of Flnanelal Activities ear ended 31 March 2021 10 Independent Scrutlny These Accounts have been the subject of statutory external scrutiny as requifftl by UK Charity law in accordance with th¢ applicabl¢ Statement of Recommended Practice. The Independent Examiner's services and fees are set out below., For Independeni Examination Acwuntancy and other advice 740 1,050 I l HonorArlA payments and beneflts The Association's abiltly to undertake its charitabl¢ activiti¢s is d¢p¢nd¢nt on its voluntary office holdcrs, work¢rs and conlributors. The Trustee5 decided to acknowledge the special contribution of the following for the year: Cash Other Benefils Chairperson (three at £300) 900 ) Membership (free) Other members of the Executive Board 600 ) Other Volunteers (4) 700 ) Total 12 Research Fund £1,194 from the fund was US￿ to purchase open acccss to an EFT research article. Page 9 ## 27000 EFTi Financial Stats 2021 FINAL Final Audit Report 2021-11-08 Created: 2021-11-06 By: Jacqui Footman (jacqui.footman@aamet.org) Status: Signed Transaction ID: CBJCHBCAABAABGNHRJkFpNkHzINAGcFRlATqTAh57R8c ## "27000 EFTi Financial Stats 2021 FINAL" History Document created by Jacqui Footman (jacqui.footman@aamet.org) 2021-11-06 - 1:00:40 AM GMT- IP address: 86.137.140.108 Document emailed to Hilary Jones (treasurer@aamet.org) for signature 2021-11-06 - 1:01:51 AM GMT ## Email viewed by Hilary Jones (treasurer@aamet.org) 2021-11-06 - 4:23:36 PM GMT- IP address: 66.249.93.139 ## Document e-signed by Hilary Jones (treasurer@aamet.org) Signature Date: 2021-11-06 - 10:06:06 PM GMT - Time Source: server- IP address: 86.186.221.210 Document emailed to Garry Alexander (wheelerstiv@msn.com) for signature 2021-11-06 - 10:06:07 PM GMT Email viewed by Garry Alexander (wheelerstiv@msn.com) 2021-11-08 - 9:55:16 AM GMT- IP address: 81.168.12.232 ## Document e-signed by Garry Alexander (wheelerstiv@msn.com) Signature Date: 2021-11-08 - 10:10:27 AM GMT - Time Source: server- IP address: 81.168.12.232 Agreement completed. 2021-11-08 - 10:10:27 AM GMT