## UNIVERSITIES ASSOCIATION FOR LIFELONG LEARNING Closing Accounts and Financial Statement 30[th] November 2021 1 Charity Number 288779R ## UNIVERSITIES ASSOCIATION FOR LIFELONG LEARNING ||_Page_| |---|---| |**Contents**|| |Status and Constitution|3| |Treasurer’s Report|4| |Statement of Financial Activities|5-6| |Notes forming part of the Financial Statements|7| 2 ## **Status and Constitution** The Universities Association for Lifelong Learning is registered with the Charities Commissioners (No 288779R). Membership of the Association consists of Universities and other Institutions of Higher Education established within the United Kingdom. The Trustees of the Association are: Professor Bill Jones, Professor Geoff Layer, Professor Fergus McKay and Professor Mary Stuart. The Association is administered by a Council which consists of representatives of its member institutions together with the appointed officers of the Association. Each member institution can elect two members to Council, only one of whom may vote. The Universities Association for Lifelong Learning: - promotes and represents the interests of continuing education and lifelong learning within higher education - fosters and facilitates communication, collaboration, networking and the exchange of good practice - acts as a forum for the discussion of issues within higher education as they affect continuing education - works with policy makers and policy making bodies - encourages high standards in all areas of continuing education and lifelong learning - promotes and conducts research and assists with the dissemination and application of research findings. In order to assist it to carry out its objects the Council, in accordance with the terms of the Association's Constitution, has appointed: - an Executive Committee, consisting of the Officers of the Council together with up to 22 additional members elected by Council. - a series of Networks and Sub-committees, to which funds may be allocated. ## Ofcers Chair: Prof Jonathan Michie, University of Oxford Vice Chair: Dr Zbig Sobiesierski, University of Cardiff Secretary: Dr Mary Mahoney, University of Wolverhampton Treasurer: Dr Willy Kitchen, University of Sheffield ## Ofcers’ Responsibilities The law applicable to charities requires the officers to prepare financial statements in each financial year which give a true and fair view of the Association's financial activities during the year and of the financial position at the end of the year. In preparing financial statements giving a true and fair view, the Treasurer should follow best practice and: - Select suitable accounting policies and apply them consistently - Make judgements and estimates that are reasonable and prudent - State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Association will continue in operation. 3 The Officers are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Association and which enable them to ascertain the financial position of the Association and which enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the detection of fraud and other irregularities. ## **Treasurer's Report for 2020/21** ## Introduction The Association’s closing accounts have been prepared on an accrual basis whereby revenue and costs are recognised as they are earned and incurred respectively. The financial position as at 30[th] November 2021 shows total net assets of £44,748, representing a deficit of £4,384 for the final fourteen months of operation. ## Membership and subscriptions Income from membership subscriptions in 20/21 remained steady at £12,000. **----- Start of picture text -----**
Member HEIs 14/1 15/1 16/1 17/1 18/1 19/2 20/2
5 6 7 8 9 0 1
England 33 30 24 21 20 17 18
Wales 6 5 5 5 4 4 4
Northern 1 1 1 1 1 1 1
Ireland
Scotland 8 8 7 0 1 1 0
International 6 4 5 3 1 1 1
Total 54 48 42 30 27 24 24
**----- End of picture text -----**
As with the previous financial year, there was no income generated by conference or workshop activities in 20/21 due to the impact of the Covid pandemic. ## Expenditure Operating expenditure has seen a further substantial reduction in 20/21, by a total of £11,586. With the resumption of activities including conference and workshop organisation, it is to be expected that administration fees for the new CIO will rise again beyond current levels in 21/22. ## Transfer of assets Noting the decision taken at the Annual General Meeting on 3[rd] December 2020 to dissolve UALL and replace it with a new CIO, this AGM is invited, in line with clause 18 of UALL’s Constitution, to approve transfer of £44,748, the balance remaining in UALL’s bank account after satisfaction of all accrued debts, to the new UALL CIO constituted in August 2020, which has objects very similar to UALL itself. **Dr Willy Kitchen Treasurer** 29[th] November 2021 4 ## **UNIVERSITIES ASSOCIATION FOR LIFELONG LEARNING** ## **Statement of Comprehensive Income for the period 1[st] October 2020 to 30[th] November 2021** |||_2021_||_2020_| |---|---|---|---|---| ||_£_||_£_|| |**Turnover**||||| |Subscriptions|12,000||11,650|| ||-----------||----------|| ||||11,650|| |**Operating Expenditure (Note 1)**|(16,384)||(27,970)|| ||-----------||----------|| |**Surplus/(Defcit) for the year**|(4,384)||(16,320)|| ||=====||=====|| These financial statements and closing accounts were approved by Council at the AGM on 6th December 2021 The accompanying notes form part of the financial statements There are no transactions with related parties None of the trustees have been paid any renumeration or received any benefits 6 ## **UNIVERSITIES ASSOCIATION FOR LIFELONG LEARNING** ## **Statement of Financial Position At 30[th] November 2021** |||_2021_||_2020_| |---|---|---|---|---| ||_£_||_£_|| |**Current Assets**||||| |Debtor|||500|| |Cash at bank|49,413||62,393|| ||---------||======|| ||49,413||62,893|| ||=====||=====|| |**Current Liabilities**||||| |Accruals – falling due within one year|(4,665)||(13,761)|| ||---------||---------|| ||(4,665)||(13,761)|| ||=====||=====|| |Total Net Assets|44,748||49,132|| ||=====||=====|| |**Capital and Reserves**||||| |General funds (Note 2)|44,748||49,132|| ||=====||=====|| 7 ## **UNIVERSITIES ASSOCIATION FOR LIFELONG LEARNING** ## **Note 1: Operating Expenditure** |||_Year to_|_Year_| |---|---|---|---| |_ended_|||| ||_30th November_||_30th_| |_September_|||| |||_2021_|_2020_| ||_£_|_£_|| |Secondment of Administrator and expenses|15,372|21,382|| |Accountancy|-|650|| |Maintenance of website|1012|360|| |AGM costs|-|1,485|| |SEEC projects|-|3,333|| |Consultancy (policy advisor)|-|4,065|| |Bursary payments|-|160|| |Marketing|-|600|| ||---------|--------|| ||16,384|27,970|| ||======|=====|| |**Note 2: General Funds**|||| ||_2021_|_2020_|| ||_£_|_£_|| |Balance at start of year|49,132|65,542|| |Surplus/(Defcit) for the year|(4,384)|(16,320)|| ||--------|--------|| |Balance at end of year|44,748|49,132|| ||=====|=====|| ## **These notes form part of the financial statements** 8