| Association ofTeachers ofMathematics | |
|---|---|
| TABLE OF CONTENTS | |
| ReportoftheTrustees | ito 15 |
| 1 Objectives andActivities | 1 |
| 1.1 Objectives ofthe Association |
1 |
| 1.2 Highlights of 2021 |
2 |
| 1.3 Collaborations |
2 |
| 2 Governance and Management | 2 |
| 2.1 Governance |
2 |
| 2.2 Management |
3 |
| 2.3 Risk Management |
3 |
| 3 Achievements and Performance: Continuing Professional Development | 4 |
| 3.1 Annual Conference |
4 |
| 3.2 One-Day Courses and Other CPD |
4 |
| 3.3 Branches |
4 |
| 3.4 Working and Standing Groups |
S |
| 4 Achievements and Performance: Editorial | 9 |
| 5 Achievements and Performance: Marketing, Membership and Web | 10 |
| 5.1 Membership |
10 |
| 5.2 Marketing and Weh |
11 |
| 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-19 Pandemic andthe Outlook for 2022 |
13 |
| 7.4 Payment to Trustees |
13 |
| 7.5 Investment Powers and Policy |
13 |
| 8 Reference and Administrative Details | 14totS |
| Independent Examiner’s Report | 16 |
| StatementofFinancialActivities | 17 |
| Balance Sheet | 18 |
| Notesto the Financial Statements | 19to 31 |
| Membership Category | 2021/22 | 2020/21 | 2019/20 | ||
|---|---|---|---|---|---|
| Personal/Personale | 1421 | 1372 | 1319 | ||
| NQT | 120 | 86 | 91 | ||
| MAST | 10 | 8 | 7 | ||
| Student (paid membership) | 59 | 61 | 94 | ||
| Studentfree e-Membership | 1069 | 1232 | 1136 | ||
| Concessions | 82 | 83 | 88 | ||
| Large Institutions | 36 | 30 | 37 | ||
| LibrarySubscriptions | 165 | 169 | 189 | ||
| Primary/Middle Schools | 70 | 70 | 76 | ||
| SecondarySchools | 4 | 151 | 146 | 139 | |
| ClusterMembership | I | 14 | 15 | 9 | |
| Total Paid Memberships | 2427 | 2040 | 2049 | ||
| inFebruary2022 | |||||
| TotalMemberships | 3197 | 3272 | 3185 | ||
| in February2022 |
| mbers ofthe General Council, who as follows: |
served astrustees duringtheyea | rand up to the date ofthis re |
|---|---|---|
| OlubunmiAdebanjo | ||
| Andrew Blackie | ||
| Sandie Blakesley | Resigned 06/04/2021 | |
| Lucy Dasgupta | Co-opted 23/01/22 | |
| HeatherDavis | Resigned 06/04/2021 | |
| freasurer | Stevie Devlin | |
| Julian_Gilbey | ||
| Sylwia Glazewska | esigned 09/09/2021 | |
| Honorary (Company) Secretary | Louise Hoskyns-Staples | |
| Gordon Laing | Resigned 07/03/2021 | |
| Helen_Madeley | ||
| Fin McLaughlin | Co-opted 18/9/21 | |
| ChairofGeneral Council | Paul Hayden Rissbrook | |
| Andrew Roberts | ||
| Richard_Spillett | ||
| Sinéad Vaughan | Resigned 23/6/2021 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3 | 1,197 | - | 1,197 | 20544 |
| Membership | 4 | 169,120 | - | 169,120 | 162074 |
| Charitable activities | 6 | ||||
| Publications, software and teaching aids | 28,083 | - | 28,083 | 23,160 | |
| Conferences | 27,910 | - | 27,910 | - | |
| Professional services | 3,070 | - | 3,070 | - | |
| Investment income | 5 | 55 | - | 55 | 436 |
| Other income | 7 | 10,535 | |||
| Total | 229,435 | - | 229,435 | 216,749 | |
| EXPENDITURE ON | |||||
| Membership costs | 8 | 133,471 | - | 133471 | 147,275 |
| Charitable activities | 9 | ||||
| Publications! software and teaching aids | 25,269 | - | 25,259 | 26,200 | |
| Conferences | 32,481 | - | 32,481 | 39,665 | |
| Professional services | 4,457 | - | 4,457 | 1,869 | |
| Total | 196,668 | - | 195,668 | 215,009 | |
| Net gains/(losses) on investments | 84 | 84 | (69) | ||
| NET INCOME | 33,861 | - | 33,851 | 1,671 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds broughtforward | 114,534 | 7,715 | 122,249 | 120,578 | |
| TOTAL. FUNDS CARRIED FORWARD | 148,385 | 7,715 | 166,100 | 122,249 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 15 | 202 | - | 202 | 599 |
| Investments | 16 | 91,666 | 91,666 | 91,571 | |
| 91,868 | - | 91868 | 92.170 | ||
| CURRENT ASSETS | |||||
| Stocks Debtors Cash at bank and in hand |
17 18 |
10,649 32,781 88,121 |
- - 7,715 |
10,649 32,781 95,836 |
11,521 24118 80,755 |
| 131,551 | 7,715 | 139,266 | 116,394 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 19 | (75,034) | - | (75,034) | (86,315) |
| NET CURRENT ASSETS | 56,517 | 7,715 | 64,232 | 30,079 | |
| TOTALASSETSLESSCURRENTLIABILITIES | 148,385 | 7,715 | 156,100 | 122,249 | |
| NET ASSETS | 148,385 | 7,715 | 156,100 | 122.249 | |
| FUNDS | 20 | ||||
| Unrestricted funds Restricted funds |
148,385 7,715 |
114,534 7,715 |
|||
| TOTAL FUNDS | 156,100 | 122,249 |
| of the general office, is ap the amount attributable to |
portioned on a per each activity: |
centage basis wh | ich is an estimat | e, based on sta |
|---|---|---|---|---|
| Subscriptions, | Publications, | |||
| journals & | software & | Professional | ||
| Expenditure | newsletters | teaching aids | Conferences | seMces |
| Advertising and 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 | 84.5% | 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% |
| 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% |
| Creditcardcharges | 64.5% | 14.5°/o | 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% | - |
| 3. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Donations | 1,197 | 19544 | ||
| Legacies | - | 1 000 | ||
| 1,197 | 20544 | |||
| 4. | Membership | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Subscriptions | 163,691 | 158,468 | ||
| Advertising and royalties | 5,429 | 3,606 | ||
| 169,120 | 162074 | |||
| 5. | INVESTMENT INCOME | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other fixed asset investments | — Barclays shares | 6 | 38 | |
| Other fixed asset investments | - COIF | 11 | 239 | |
| Deposit account interest | 38 | 159 | ||
| 55 | 436 | |||
| 6. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 2021 | 2020 | |||
| Activity | £ | £ | ||
| Sales of publications, | ||||
| software and teaching aids | 28,083 | 23,160 | ||
| Conferences | 27,910 | - | ||
| Professional services | 3,070 | |||
| 59,063 | 23,160 | |||
| 7. | OTHER INCOME | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other incoming resources | - | 535 | ||
| Local Government grant | - | 10,000 | ||
| - | 10,535 |
| Membership | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Staff costs | 57,619 | 67,040 |
| Mathematics teaching | 42,288 | 45861 |
| Advertising and publicity | 2,622 | 3,765 |
| Bad debts | 437 | - |
| Support costs | 30,505 | 30.609 |
| 133,471 | 147,275 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||
| Costs | note 10) | Totals | |||||
| £ | £ | £ | |||||
| Publications, | software | and | teaching | aids | 18,613 | 6,646 | 25,259 |
| Conferences | 23,106 | 9,375 | 32,481 | ||||
| Professional | services | 4,021 | 436 | 4,457 | |||
| 45,740 | 16,457 | 62,197 |
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Raising donations and legacies | 26,431 | 4,074 | 30,505 |
| Publications, software and teaching aids | 5,768 | 878 | 6,646 |
| Conferences | 8,121 | 1,254 | 9,375 |
| Professional services | 373 | 63 | 436 |
| 40,693 | 6,269 | 46,962 |
| Support costs, included in the above, are as follows: Management |
|||
|---|---|---|---|
| Publications, | |||
| Raising | software | ||
| donations | and | ||
| and | teaching | ||
| legacies | aids | Conferences | |
| £ | £ | £ | |
| Trustees’ expenses | 278 | 61 | 80 |
| Other operating leases | 7,800 | 1,740 | 2,400 |
| Insurance | 1657 | 369 | 495 |
| Telephone | 808 | 180 | 249 |
| Sundries | 807 | 174 | 248 |
| Postage | 1,906 | 429 | 591 |
| Stationery | 814 | 175 | 251 |
| Repairs and maintenance | 5,170 | 1,114 | 1,591 |
| Meeting expenses | 1,222 | 273 | 377 |
| Computer development | 711 | 114 | 219 |
| Bank charges | 1,168 | 242 | 359 |
| Website expenses | 2,336 | 503 | 719 |
| Credit card charges | 1,494 | 336 | 463 |
| Depreciation of tangible fixed assets | 260 | 58 | 79 |
| 26,431 | 5,768 | 8,121 | |
| 2021 | 2020 | ||
| Professional | Total | Total | |
| services | activities | activities | |
| £ | £ | £ | |
| Trustees’ expenses | 2 | 421 | 335 |
| Other operating leases | 60 | 12000 | 12,463 |
| Insurance | 25 | 2,546 | 2,261 |
| Telephone | 7 | 1,244 | 1,372 |
| Sundries | 12 | 1,241 | 698 |
| Postage | 30 | 2,956 | 4,190 |
| Stationery | 12 | 1,252 | 1,761 |
| Repairs and maintenance | 79 | 7,954 | 8,454 |
| Meeting expenses | 10 | 1,882 | 1,849 |
| Computer development | 50 | 1,094 | 1,425 |
| Bank charges | 27 | 1,796 | 1,824 |
| Website expenses | 36 | 3,594 | 3,362 |
| Credit card charges | 23 | 2,316 | 2,771 |
| Depreciation oftangible fixed assets | - | 397 | 551 |
| 373 | 40,693 | 43,316 | |
| NET INCOMEI(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation - owned assets |
397 | 551 | |
| Other operating leases | 12,000 | 12,463 | |
| Independent examination | 3,550 | 3,550 |
| Trustees’ expenses | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Trustees’ expenses | 421 | 335 |
| Trustees travel expenses were reimbursed to 7 (2020: 5) members of the General | Council. | |
| STAFF COSTS | ||
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 80,107 | 94,198 |
| Social security costs | 2,066 | 2,304 |
| Other pension costs | 4,473 | 4,310 |
| 86,646 | 100,812 | |
| The average monthly number of employees during the year was as follows: | ||
| 2021 | 2020 | |
| Management and administration | 4 | 5 |
| COMPARATIVES FOR THE STATEMENT OF FINAN | CIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 19.544 | 1,000 | 20,544 |
| Charitable activities | |||
| Publications, software and teaching aids | 23,160 | - | 23,160 |
| Other trading activities Investment income |
162,074 436 |
- - |
162,074 436 |
| Other income | 10,535 | 10535 | |
| Total | 215,749 | 1.000 | 216,749 |
| EXPENDITURE ON | |||
| Raising funds | 147,275 | - | 147,275 |
| Charitable activities | |||
| Publications, software and teaching aids | 26,200 | - | 26,200 |
| 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 | Resthcted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Conferences | 39,665 | - | 39,665 | |
| Professional services | 1,869 | - | 1,869 | |
| Total | 215,009 | - | 215,009 | |
| Net gains/(losses) on investments | (69) | (69) | ||
| NET INCOME | 671 | 1000 | 1.671 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 113,863 | 6715 | 120.578 | |
| TOTAL FUNDS CARRIED FORWARD | 114,534 | 7,715 | 122,249 | |
| 15. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 January 2021 and 31 December 2021 | 3,730 | 45,965 | 49,695 | |
| DEPRECIATION | ||||
| At 1 January 2021 | 3,505 | 45,591 | 49,096 | |
| Charge for year | 56 | 341 | 397 | |
| At 31 December 2021 | 3,561 | 45,932 | 49,493 | |
| NET BOOK VALUE | ||||
| At 31 December 2021 | 169 | 33 | 202 | |
| At 31 December 2020 | 225 | 374 | 599 | |
| 16. | FIXED ASSET INVESTMENTS | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Shares | 389 | 305 | ||
| Deposit accounts | 91,277 | 91,266 | ||
| 91,666 | 91,571 |
| Additional information as follows: | |||
|---|---|---|---|
| Listed | |||
| investments | |||
| £ | |||
| MARKET VALUE | |||
| At 1 January 2021 | 305 | ||
| Revaluations | 84 | ||
| At31 December2021 | 389 | ||
| NET BOOK VALUE | |||
| At31 December2021 | 389 | ||
| At 31 December 2020 | 305 | ||
| There were no investment assets outside the UK. | |||
| Investments (neither listed nor unlisted) were as follows: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit accounts opening balance | 91,268 | 91027 | |
| Deposit accounts movement in year | 11 | 239 | |
| 91,277 | 91266 | ||
| 17. | STOCKS | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Stocks | 10,649 | 11,521 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Trade debtors | 25,557 | 12,881 |
| VAT | 137 | 275 |
| Prepayments and accrued income | 7,087 | 10,952 |
| 32,781 | 24,118 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 4,821 | 9,505 |
| Social security and other taxes | 1,359 | 1,360 |
| Other creditors | 1,488 | 711 |
| Accruals and deferred income | 87,366 | 74,739 |
| 75,034 | 86,315 |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| Atl/1/21 | infunds | 31/12/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 114,534 | 33,851 | 148,385 |
| Restricted funds | |||
| C Giles | 4506 | - | 4,506 |
| G Hatch | 323 | - | 323 |
| Rowland Charitable Trust | 1,886 | - | 1,886 |
| Sam Costello | 1,000 | 1,000 | |
| 7,715 | 7,715 | ||
| TOTAL FUNDS | 122,249 | 33,851 | 156,100 |
| Net movement in funds, included in | the above are as follows: | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Gains | and | Movement | |
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 229,435 | (195,668) | 84 | 33,851 | |
| TOTAL FUNDS | 229,435 | (195,668) | 84 | 33,851 |
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/20 | in funds | 31/12/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 113863 | 671 | 114,534 |
| Restricted funds | |||
| G Giles | 4,506 | - | 4,506 |
| G Hatch | 323 | - | 323 |
| Bowland Charitable Trust | 1.886 | - | 1:886 |
| San, Costello | 1,000 | 1,000 | |
| 6,715 | 1,000 | 7,715 | |
| TOTAL FUNDS | 120,578 | 1,671 | 122,249 |
| Incoming | Resources | Gains | and | Movement | |
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 215,749 | (215,009) | (69) | 671 | |
| Restricted funds | |||||
| Sam Costello | 1,000 | - | - | 1,000 | |
| TOTAL FUNDS | 216,749 | (215,009) | (69) | 1,671 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/20 | in funds | 31/12/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Generalfund | 113,863 | 34,522 | 148,385 |
| Restricted funds | |||
| o Giles | 4,506 | - | 4,506 |
| O Hatch | 323 | - | 323 |
| Rowland Charitable Trust | 1,886 | 1,886 | |
| Sam Costello | 1,000 | 1,000 | |
| 6,715 | 1,000 | 7,715 | |
| TOTAL FUNDS | 120,578 | 35,522 | 156,100 |
| A current year 12 months and prior as follows: |
year 12 months combined n | et movement in f | unds, inc | luded i | n the above a |
|---|---|---|---|---|---|
| Incoming | Resources | Gains | and | Movement | |
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 445,184 | (410677) | 15 | 34,522 | |
| Restricted funds | |||||
| Sam Costello | 1,000 | - | - | 1.000 | |
| TOTAL FUNDS | 446,184 | (410.677) | 15 | 35,522 |