| TABLE OF CONTENTS | TABLE OF CONTENTS | |
|---|---|---|
| ReportoftheTrustees | ito 15 | |
| 1 | Objectives and Activities | 1 |
| 1.1 Objectives ofthe Association |
1 | |
| 1.2 Highlights of2020 |
2 | |
| 1.3 Collaborations |
2 | |
| 2 | Governance and Management | 2 |
| 2.1 Governance |
2 | |
| 2.2 Management |
3 | |
| 2.3 Risk Management |
3 | |
| 3 | Achievementsand Performance: Continuing Professional Development | 4 |
| 3.1 Annual Conference |
4 | |
| 3.2 One-Day Courses and Other CPD |
4 | |
| 3.3 Branches |
5 | |
| 3.4 Working and Standing Groups |
S | |
| 4 | Achievements and Performance: Editorial | 8 |
| S | Achievements and Performance: Marketing, Membership and Web | 10 |
| 5.1 Membership |
10 | |
| 5.2 Marketing and Web |
10 | |
| 6 | Plans for Future Periods | 12 |
| 7 | Financial Review | 13 |
| 7.1 Reserves Policy |
13 | |
| 7,2 Results |
13 | |
| 7.3 The Impact ofthe COVID-lY Pandemic and the Outlook for 2021 |
13 | |
| 7.4 Paymentto Trustees |
13 | |
| 7.5 Investment Powers and Policy |
14 | |
| 8 | Reference and Administrative Details | 14 to iS |
| Independent Examiner’s Report | 16 | |
| StatementofFinancial Activities | 17 | |
| Balance Sheet | 18 to 19 | |
| Notes | to the Financial Statements | 20 to 33 |
| Membership Category | 2020 | 2019 | 2018 |
|---|---|---|---|
| Personal | 1372 | 1319 | 1333 |
| NQT | 86 | 91 | 128 |
| MAST | 87 | 8 | |
| Student (paid membership) | 61 | 94 | 192 |
| Student free e-Membership | 1232R | 1136 | |
| Concessions | 83 | 88 | 94 |
| Large Institutions | 30J 37 | 43 | |
| Library Subscriptions | 169 | 189 | 185 |
| Primary/Middle Schools | 70j | 76]S | 68 |
| Secondary Schools | 146 | 139 | 128 |
| Cluster Membership | -‘•1 | g | 4 |
| Total Paid Memberships in | 2049 | 2183 | |
| February | |||
| Total Memberships in | 3185 | 2183 | |
| February |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3 | 1 9,544 | ,000 | 20,544 | 31251 |
| Membership | 4 | 162,074 | - | 162.074 | 173,466 |
| Charitable activities | 6 | ||||
| Publications, software and teaching aids | 23,160 | - | 23,160 | 33,402 | |
| Conferences | - | - | - | 130,656 | |
| Professional services | - | - | - | 5,805 | |
| Investment income | 5 | 436 | - | 436 | 997 |
| Other income | 7 | 1 0,535 | 10,535 | 400 | |
| Total | 215,749 | 1,000 | 216,749 | 375,977 | |
| EXPENDITURE ON | |||||
| Membership costs | 8 | 147,275 | - | 147,275 | 135,793 |
| Charitable activities | 9 | ||||
| Publications, software and teaching aids | 26,200 | - | 26,200 | 73,995 | |
| Conferences | 39,665 | - | 39,665 | 123,256 | |
| Professional services | 1,869 | - | 1,869 | 10,238 | |
| Total | 215,009 | - | 215,009 | 343,282 | |
| Net gains/(losses) on investments | (69) | (69) | 61 | ||
| NET INCOME | 671 | 1,000 | 1,671 | 32,756 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 113,863 | 6,715 | 120,578 | 87,822 | |
| TOTAL FUNDS CARRIED FORWARD | 114,534 | 7,715 | 122,249 | 120,578 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 15 | 599 | - | 599 | 869 |
| Investments | 16 | 91,571 | 91,571 | 91,401 | |
| 92,170 | - | 92,170 | 92,270 | ||
| CURRENT ASSETS | |||||
| Stocks | 17 | 11,521 | - | 11,521 | 11,154 |
| Debtors | 18 | 24,118 | - | 24,118 | 25,665 |
| Cash at bank and in hand | 73,040 | 7,715 | 80,755 | 84,432 | |
| 108,679 | 7,715 | 116,394 | 121,251 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 19 | (86,315) | - | (86,315) | (92,943) |
| NET CURRENT ASSETS | 22,364 | 7,715 | 30,079 | 28,308 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 114,534 | 7,715 | 122,249 | 120,578 | |
| NETASSETS | 114,534 | 7,715 | 122,249 | 120,578 | |
| FUNDS | 20 | ||||
| Unrestricted funds | 114,534 | 113,863 | |||
| Restricted funds | 7,715 | 6,715 | |||
| TOTAL FUNDS | 122,249 | 120,578 |
| Publications, | ||||
|---|---|---|---|---|
| Subscriptions, | software & | |||
| journals & | teaching aids | Professional | ||
| Expenditure | newsletters | Conferences | services | |
| Advertising & publicity | 65.0% | 14.0% | 18.5% | 2.5% |
| Wages | 66.5% | 12.0% | 20.5% | 1.0% |
| Staff pension scheme | 66.5% | 12.0% | 20.5% | 1.0% |
| Trustees expenses | 66.0% | 14.5% | 19.0% | 0.5% |
| Rent and rates | 65.0% | 14.5% | 20.0% | 0.5% |
| Heat and light | 65.0% | 14.5% | 20.0% | 0.5% |
| Telephone | 65.0% | 14.5% | 20.0% | 0.5% |
| Insurance | 65.0% | 14.5% | 19.5% | 1.0% |
| Postage | 64.5% | 14.5% | 20.0% | 1.0% |
| Stationery | 65.0% | 14.0% | 20.0% | 1.0% |
| Photocopier | 65.0% | 14.0% | 20.0% | 1.0% |
| Repairs & maintenance | 65.0% | 14.5% | 20.0% | 0.5% |
| ACCOUNTING POLICIES - conti |
nued | |||
|---|---|---|---|---|
| Allocation and apportionment | of costs | - continued | ||
| Meeting expenses | 65.0% | 14.5% | 20.0% | 0.5% |
| Legal and professional | 65.0% | 14.0% | 20.0% | 1.0% |
| Accountancy | 65.0% | 14.0% | 20.0% | 1.0% |
| Computer development | 65.0% | 14.0% | 20.0% | 1.0% |
| Training | 67.0% | 12.0% | 20.0% | 1.0% |
| Bank charges | 65.0% | 13.5% | 20.0% | 1.5% |
| Credit card charges | 64.5% | 14.5% | 20.0% | 1.0% |
| Miscellaneous | 65.0% | 14.0% | 20.0% | 1.0% |
| Website expenses | 65.0% | 14.0% | 20.0% | 1.0% |
| Bad debts | 65.0% | 14.5% | 20.0% | 0.5% |
| Depreciation | 65.0% | 14.5% | 20.0% | 0.5% |
| Other interest | 65.5% | 14.5% | 20.0% | - |
| Revised | Previous | Movement | |
|---|---|---|---|
| allocation | allocation | ||
| £ | £ | £ | |
| Subscriptions, journals and newsletters | 147,275 | 117,704 | 29,571 |
| Publications, software & teaching aids | 26,200 | 58,466 | (32,266) |
| Conferences | 39,665 | 35,004 | 4,661 |
| Professional; services | 1,869 | 3,835 | (1,966) |
| Charitable activities costs | 215,009 | 215,009 |
| 3. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Donations | 19,544 | 25,151 | |
| Legacies | 1,000 | 6,100 | |
| 20,544 | 31,251 | ||
| 4. | OTHER TRADING ACTIVITIES | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Subscriptions | 158,468 | 167,834 | |
| Advertising and royalties | 3,606 | 5,632 | |
| 162,074 | 173,466 |
| 5. | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| £ | £ | ||||
| Other fixed asset investments | — | Barclays shares | 38 | - | |
| Other fixed asset investments |
- COlE | 239 | 779 | ||
| Deposit account interest | 1S9 | 218 | |||
| 436 | 997 | ||||
| 6. | INCOME FROM CHARITABLE | ACTIVITIES | |||
| 2020 | 2019 | ||||
| Activity | £ | £ | |||
| Sales of publications, | |||||
| software and teaching aids | |||||
| 23,160 | 33,402 | ||||
| Conferences | - | 130,656 | |||
| Professional services | - | 5,805 | |||
| 23,160 | 169,863 | ||||
| 7. | OTHER INCOME | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Other incoming resources | 535 | 400 | |||
| Local Government grant | 10,000 | - | |||
| 10,535 | 400 |
| Raising donations and legacies | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Staff costs | 67,040 | 48,086 |
| Mathematics teaching | 45,861 | 52,022 |
| Advertising and publicity | 3,765 | 5,661 |
| Bad debts | - | 19 |
| Support costs | 30,609 | 30,005 |
| 147,275 | 135,793 |
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 1 0) |
Totals | |
| £ | £ | £ | |
| Publications, software and teaching | |||
| aids | 19,437 | 6,763 | 26,200 |
| Conferences | 30,250 | 9,415 | 39,665 |
| Professional services | 1,513 | 356 | 1,869 |
| 51,200 | 16,534 | 67,734 | |
| SUPPORT COSTS | |||
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Raising donations and legacies | 28,121 | 2,488 | 30,609 |
| Publications, software and teaching aids | 6,227 | 536 | 6,763 |
| Conferences | 8,651 | 764 | 9,415 |
| Professional services | 317 | 39 | 356 |
| 43,316 | 3,827 | 47,143 |
| Management | |||
|---|---|---|---|
| Publications, | |||
| Raising | software | ||
| donations | and | ||
| and | teaching | ||
| legacies | aids | Conferences | |
| £ | £ | £ | |
| Trustees’ expenses | 220 | 49 | 64 |
| Other operating leases | 8,101 | 1,807 | 2,493 |
| Insurance | 1,470 | 328 | 440 |
| Telephone | 891 | 199 | 274 |
| Sundries | 453 | 98 | 140 |
| Postage | 2,702 | 608 | 838 |
| Stationery | 1,145 | 247 | 352 |
| Repairs and maintenance | 5,495 | 1,226 | 1,691 |
| Meeting expenses | 1,200 | 267 | 373 |
| Computer development | 926 | 200 | 285 |
| Training | - | ||
| Bank charges | 1,186 | 246 | 365 |
| Website expenses | 2,185 | 471 | 672 |
| Credit card charges | 1,789 | 401 | 554 |
| Depreciation of tangible fixed assets | 358 | 80 | 110 |
| 28,121 | 6,227 | 8,651 |
| Management - continued |
||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Professional | Total | Total | ||
| services | activities | activities | ||
| £ | £ | £ | ||
| Trustees’ expenses | 2 | 335 | 2,678 | |
| Other operating leases | 62 | 12,463 | 12,200 | |
| Insurance | 23 | 2,261 | 2,018 | |
| Telephone | 8 | 1,372 | 1,553 | |
| Sundries | 7 | 698 | 1,238 | |
| Postage | 42 | 4,190 | 5,257 | |
| Stationery | 17 | 1,761 | 1,716 | |
| Repairs and maintenance | 42 | 8,454 | 10,645 | |
| Meeting expenses | 9 | 1,849 | 5,253 | |
| Computer development | 14 | 1,425 | 1,633 | |
| Training | - | - | 342 | |
| Bank charges | 27 | 1,824 | 1,849 | |
| Website expenses | 34 | 3,362 | 4,704 | |
| Credit card charges | 27 | 2,771 | 3,969 | |
| Depreciation of tangible fixed assets | 3 | 551 | 2,404 | |
| 317 | 43,316 | 57,459 | ||
| 11. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after | charging/(crediting): | |||
| 2020 | 2019 | |||
| £ | ||||
| Depreciation - owned assets |
551 | 2,404 | ||
| Other operating leases | 12,463 | 12,200 | ||
| Independent examination | 3,550 | 3,585 |
| 2020 | 2019 |
|---|---|
| £ | £ |
| 335 | 2,678 |
| STAFF COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | I | |
| Wages and salaries | 94,198 | 97,557 |
| Social security costs | 2,304 | 4,424 |
| Other pension costs | 4,310 | 2,938 |
| 100,812 | 104919 | |
| The average monthly number of employees during the year was as follows: | ||
| 2020 | 2019 | |
| Management and administration | 5 | 5 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 25,151 | 6,100 | 31,251 |
| Charitable activities | |||
| Publications, software and teaching aids | 33,402 | - | 33,402 |
| Conferences | 130,656 | - | 130,656 |
| Professional services | 5,805 | - | 5,805 |
| Other trading activities | 173,466 | - | 173,466 |
| Investment income | 997 | - | 997 |
| Other income | 400 | 400 | |
| Total | 369,877 | 6,100 | 375,977 |
| EXPENDITURE ON | |||
| Raising funds | 135,793 | - | 135,793 |
| Charitable activities | |||
| Publications, software and teaching aids | 67,895 | 6,100 | 73,995 |
| Conferences | 122,696 | 560 | 123,256 |
| Professional services | 10,238 | - | 10,238 |
| Total | 336,622 | 6,660 | 343,282 |
| Net gains on investments | 61 | 61 | |
| NET INCOME/(EXPENDITURE) | 33,316 | (560) | 32,756 |
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 80,547 | 7,275 | 87,822 | |
| TOTAL FUNDS CARRIED FORWARD | 113,863 | 6,715 | 120,578 | |
| 15. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 january 2020 |
3,449 | 45,965 | 49,414 | |
| Additions | 281 | 281 | ||
| At 31 December 2020 | 3,730 | 45,965 | 49,695 | |
| DEPRECIATION | ||||
| At 1 january 2020 |
3,449 | 45,096 | 48,545 | |
| Charge for year | 56 | 495 | 551 | |
| At 31 December 2020 | 3,505 | 45,591 | 49,096 | |
| NET BOOK VALUE | ||||
| At 31 December 2020 | 225 | 374 | 599 | |
| At31 December2019 | 869 | 869 | ||
| 16. | FIXED ASSET INVESTMENTS | |||
| 2020 | 2019 | |||
| £ | ||||
| Shares | 305 | 374 | ||
| Deposit accounts | 91,266 | 91,027 | ||
| 91,571 | 91,401 |
| Additional information as follows: | |||
|---|---|---|---|
| Listed | |||
| investments | |||
| £ | |||
| MARKET VALUE | |||
| At 1 january 2020 |
374 | ||
| Revaluations | (69) | ||
| At 31 December 2020 | 305 | ||
| NET BOOK VALUE | |||
| At 31 December 2020 | 305 | ||
| At31 December2019 | 374 | ||
| There were no nvestment assets outside the UK. | |||
| Investments (neither listed nor unlisted) were as follows: | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Deposit accounts opening balance | 91,027 | 90,247 | |
| Deposit accounts movement in year | 239 | 780 | |
| 91,266 | 91,027 | ||
| 17. | STOCKS | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Stocks | 11,521 | 11,154 | |
| 18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Trade debtors | 12,881 | 14,974 | |
| VAT | 275 | - | |
| Prepayments and accrued income | 10,962 | 10,691 | |
| 24,118 | 25,665 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 9,505 | 6708 |
| Social security and other taxes | 1,360 | 11545 |
| VAT | - | 1256 |
| Other creditors | 711 | 289 |
| Accruals and deferred income | 74,739 | 83,145 |
| 86,315 | 92,943 |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/20 | in funds | 31/12/20 | |
| I | I | £ | |
| Unrestricted funds | |||
| General fund | 113,863 | 671 | 114,534 |
| Restricted funds | |||
| G Cues | 4,506 | 4,506 | |
| C Hatch | 323 | - | 323 |
| Bowland Charitable Trust | 1,886 | 1,886 | |
| Sam Costello | - | 1,000 | 1,000 |
| 6,715 | 1,000 | 7,715 | |
| TOTAL FUNDS | 120,578 | 1,671 | 122,249 |
| Net movement in funds, included | in the above are as follow | s: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 215,749 | (21 5,009) | (69) | 671 |
| Restricted funds | ||||
| Sam Costello | 1.000 | . | - | 1,000 |
| TOTAL FUNDS | 216,749 | (215,009) | (69) | 1,671 |
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/19 | in funds | 31/12/19 | |
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 80,547 | 33,316 | 113,863 |
| Restricted funds | |||
| G Giles | 4506 | - | 4,506 |
| G Hatch | 883 | (560) | 323 |
| Bowland Charitable Trust | 1,886 | - | 1,886 |
| 7,275 | (560) | 6,715 | |
| TOTAL FUNDS | 87,822 | 32,756 | 120,578 |
| Comparative net movement in fu | nds, included in the above | are as follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 344,877 | (311,622) | 61 | 33,316 |
| Alan Bell fund | 25,000 | (25,000) | ||
| 369,877 | (336,622) | 61 | 33,316 | |
| Restricted funds | ||||
| G Hatch | (560) | - | (560) | |
| Smile with Us | 6,100 | (6,100) | ||
| 6,100 | (6,660) | (560) | ||
| TOTAL FUNDS | 375,977 | (343,282) | 61 | 32,756 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/19 | in funds | 31/12/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,547 | 33,987 | 114,534 |
| Restricted funds | |||
| G Giles | 4,506 | - | 4,506 |
| G Hatch | 883 | (560) | 323 |
| Bowland Charitable Trust | 1,886 | 1,886 | |
| Sam Costello | - | 1,000 | 1,000 |
| 7,275 | 440 | 7,715 | |
| TOTAL FUNDS | 87,822 | 34,427 | 122,249 |
| A current year 12 months and pr above are as follows: |
ior year 12 months combi | ned net movem | ent in fu | nds, i | ncluded in th |
|---|---|---|---|---|---|
| Incoming | Resources | Gains | and | Movement | |
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 560,626 | (526,631) | (8) | 33,987 | |
| Alan Bell fund | 25,000 | (25,000) | - | ||
| 585,626 | (551631) | (8) | 33,987 | ||
| Restricted funds | |||||
| G Hatch | - | (560) | - | (560) | |
| Smile with Us | 6,100 | (6,1 00) | - | - | |
| Sam Costello | 1,000 | 1,000 | |||
| 7,100 | (6,660) | 440 | |||
| TOTAL FUNDS | 592,726 | (558,291) | (8) | 34,427 |