|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|
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|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||||
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|||||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|
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|||||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|
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|||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||
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|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|
##
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|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|
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|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|
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||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|
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|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|
##
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|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|
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