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|Association ofTeachers ofMathematics||
|---|---|
|TABLE OF CONTENTS||
|ReportoftheTrustees|ito 15|
|1 Objectives andActivities|1|
|1.1<br>Objectives ofthe Association|1|
|1.2<br>Highlights of 2021|2|
|1.3<br>Collaborations|2|
|2 Governance and Management|2|
|2.1<br>Governance|2|
|2.2<br>Management|3|
|2.3<br>Risk Management|3|
|3 Achievements and Performance: Continuing Professional Development|4|
|3.1<br>Annual Conference|4|
|3.2<br>One-Day Courses and Other CPD|4|
|3.3<br>Branches|4|
|3.4<br>Working and Standing Groups|S|
|4 Achievements and Performance: Editorial|9|
|5 Achievements and Performance: Marketing, Membership and Web|10|
|5.1<br>Membership|10|
|5.2<br>Marketing and Weh|11|
|6 Plans for Future Periods|12|
|7 Financial Review|13|
|7.1<br>Reserves Policy|13|
|7.2<br>Results|13|
|7.3<br>The Impact ofthe COVID-19 Pandemic andthe Outlook for 2022|13|
|7.4<br>Payment to Trustees|13|
|7.5<br>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|





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|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||||||





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|mbers ofthe General Council, who <br> 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|





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|||||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|





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|||||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<br>Debtors<br>Cash at bank and in hand|17<br>18|10,649<br>32,781<br>88,121|-<br>-<br>7,715|10,649<br>32,781<br>95,836|11,521<br>24118<br>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<br>Restricted funds||||148,385<br>7,715|114,534<br>7,715|
|TOTAL FUNDS||||156,100|122,249|





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|of the general office, is ap<br>the amount attributable to|portioned on a per<br> 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%|-|





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|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|





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|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|



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|||||||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|





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|Support costs, included in the above, are as follows:<br>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<br>- owned assets||397|551|
|Other operating leases||12,000|12,463|
|Independent examination||3,550|3,550|





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|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|



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|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<br>Investment income|162,074<br>436|-<br>-|162,074<br>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|





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|14.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES<br>- continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES<br>- continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES<br>- 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|





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||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|





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|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|



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|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|





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|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|





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|A current year 12 months and prior <br>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|



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