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2022-12-31-accounts

TABLE OF CONTENTS TABLE OF CONTENTS
Report oftheTrustees 1 to 15
1 Objectives and Activities 1
1.1
Objectives ofthe Association		 1
1.2
Highlights of 2022		 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		 5
4 Achievements and Performance: Editorial 9
S Achievements and Performance: Marketing. Membership andWeb 10
5.1
Membership		 10
5.2
Marketing and Web		 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 and the Outlook for 2022		 13
7.4
Payment to Trustees		 13
7.5
Investment Powers and Po]icy		 13
8 Reference and Administrative Details 14 to 15
IndependentExaminer’s Report 16
StatementofFinancial Activities 17
Balance Sheet 18
Notes to the FinancialStatements 19 to 31

MernberScpt 2022/23 2021/22 2029/21 2019/20
Persunal/Personal e 1297 1421 1372 1319
NQT 75 120 86 91
MAST 8 10 8 7
Student (paid membership) 25 59 61 94
Student free e-Membership 787 1069 1232 1136
Concessions including e 88 82 83 88
Large Institutions including e 34 36 30 37
Library Subscriptions 160 165 169 189
Primary/Middle Schools including e 103 70 70 76
Secondary Schools including e 148 151 146 139
Cluster Membership 29 14 Is 9
ITotaWMImberships in February2023 1967 2427 2040 2049
2023 2754 3197 3272 3185

Olubunnil Adebanjo Resigned 31/03/2022
Elizabeth Bridgett o-opted 16/09/2022
Andrew Blackie Resigned May 2022
Lucy_Dasgupta
treasurer Stevie Devlin
Julian Gilbey End ofterm 31/03/22
Chair ofGenera] Council Louise Hoskyns-Staples
Carol Knights co-opted 16/09/2022
Helen_Made]ey
Fin_McLaughlin
Richard_Perring
Honorary Secretary Paul Hayden Rissbrook
Andrew Roberts
Mahnaz Siddiqui co-opted 16/09/2022
Richard_Spillett

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 1,044 - 1,044 1,197
Membership 4 162,129 - 162,129 169,120
Charitable activities 6
Publications, software and teaching aids 31,688 - 31,688 28,083
Conferences 56,128 - 56,128 27,910
Professional services 2,470 - 2,470 3,070
Investment income 5 1,241 - 1241 55
Diher income 7 308 308 -
Total 255,008 255,008 229,435
EXPENDITURE ON
Membership costs 8 137,791 - 137,791 133,471
Charitable activities 9
Publications, software and teaching aids 27,245 - 27,245 25,259
Conferences 62,918 135 63,053 32,481
Professional services 2,624 2,624 4,457
Total 230,578 135 230,713 195,668
Net gains/(losses) on investments (121) (121) 84
NET INCOME/(EXPENDITURE) 24,309 (135) 24,174 33,851
RECONCILIATION OF FUNDS
Total funds brought forward 148,385 7,715 156,100 122,249
TOTAL FUNDS CARRIED FORWARD 172694 7,580 180,274 156,100

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 15 558 - 558 202
Investments 16 92,16? 92,16? 91,666
92,725 - 92,725 91,868
CURRENT ASSETS
Stocks 17 10,746 - 10,746 10,649
Debtors 18 25,216 - 25,216 32,781
Cash at bank and in hand 125,149 7,580 132,729 95,836
161,111 7,580 168,691 139,266
CREDITORS
Amounts falling due within one year 19 (81,142) - (81142) (75,034)
NET CURRENT ASSETS 79,969 7,580 87,549 64,232
TOTAL ASSETS LESS CURRENT LIABILITIES 172,694 7,580 180,274 156,100
NETASSETS 172,694 7,580 180,274 156.100
FUNDS 20
Unrestricted funds 172,694 148,385
Restricted funds 7,580 7,715
TOTAL FUNDS 180,274 156,100

usage, ofthe amount attri butable to each acti vity:
Subscriptions, Publications,
journals & software & Professional
Expenditure newsletters teaching aids Conferences services
AdverUsing 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 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%
Equipment support
& 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°/s
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% -

3. DONATIONS AND LEGACIES DONATIONS AND LEGACIES
2022 2021
£ £
Donations 1044 1,197
4. MEMBERSHIP
2022 2021
£ £
Subscriptions 156,307 163,691
Advertising and royalties 5,822 5,429
162,129 169,120
5. INVESTMENT INCOME
2022 2021
£ £
Other fixed asset investments — Barclays shares 13 6
Other fixed asset investments - COIF 1,126 11
Deposit account interest 102 38
1,241 55
6. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Activity £ £
Sales of publications,
software and teaching aids 31,688 28083
Conferences 56,128 27,910
Professional services 2,470 3,070
90,286 59,063
7. OTHER INCOME
2022 2021
£ £
Other incoming resources 308

Membership
2022 2021
£ £
Staff costs 58,572 57,619
Mathematics teaching 44,548 42,288
Advertising and publicfty 2,570 2.622
Bad debts 27 437
Support costs 32,074 30505
137,791 133,471

cHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 10) Totals
£ £ £
Publications, software and teaching aids 20,170 7,075 27,245
Conferences 53,205 9,848 63,053
Professional services 2,245 379 2,624
75,620 17,302 92,922
SUPPORT COSTS
Governance
Management costs Totals
£ £ £
Membership 29,465 2,609 32,074
Publications, software and teaching aids 6,513 562 7,075
Conferences 9,045 803 9,848
Prolessional services 338 41 379
45,361 4,015 49,376

Management
Publications,
software
and
teaching
Membership aids Conferences
£ £ £
Trustees’ expenses 686 151 198
Other operating leases 7,800 1,740 2,400
Insurance 1,856 414 556
Telephone 842 188 259
Sundries 964 208 296
Postage 2,459 553 762
Stationery 1,643 354 506
Equipment support & maintenance 4,985 1,142 1,534
Meeting expenses 2,077 463 639
Computer development 638 137 196
Training 42 7 12
Bank charges 1,170 243 360
Website expenses 2,617 564 805
Credit card charges 1,620 364 502
Depreciation of tangible and heritage assets 66 15 20
29,465 6,513 9,045
2022 2021
Professional Total Total
services activities activities
£ £ £
Trustees’ expenses 5 1,040 421
Other operating leases 60 12,000 12,000
Insurance 29 2,855 2,546
Telephone 7 1,296 1,244
Sundries 15 1,483 1,241
Postage 38 3,812 2,956
Stationery 25 2,528 1,252
Equipment support & maintenance 39 7,670 7,954
Meeting expenses 16 3,195 1,882
Computer development 10 981 1,094
Training 1 62 -
Bank charges 27 1,800 1,796
Website expenses 40 4,026 3,594
Credit card charges 25 2,511 2,316
Depreciation of tangible and heritage assets 1 102 397
338 45,361 40,693

Governance costs
Publications,
Raising software
donations and
and teaching
legacies aids Conferences
£ £ £
Accountancy fees 2,372 511 730
Legal fees 237 51 73
2,609 562 803
2022 2021
Professional Total Total
services activities activities
£ £ £
Accountancy fees 37 3,650 3,550
Legal fees 4 365 2,719
41 4,015 6.269

2022 2021
£ £
Depreciation - owned assets 102 397
Other operating leases 12,000 12,000
Independent examination 3,650 3,550

2022 2021
£ £
1,040 421

STAFF COSTS
2022 2021
£ £
Wages and salaries 82,054 80,107
Social security costs 1,426 2066
Other pension costs 4,599 4,473
88,079 86,646
The average monthly number of employees during the year was as follows:
2022 2021
Management and administration 4 4

COMPARATIVES FOR THE STATEMENT OF FINAN CIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,197 - 1,197
Charitable activities
Publications, software and teaching aids 28,083 - 28,083
Conferences 27,910 - 27,910
Professional services 3,070 - 3,070
Other trading activities 169,120 - 169,120
Investment income 55 55
Total 229.435 229,435
EXPENDITURE ON
Raising funds 133,471 - 133,471
Charitable activities
Publications, software and teaching aids 25,259 - 25,259
Conferences 32,481 - 32,481
Professional services 4,457 4.457
Total 195,668 195,668
Net gains on investments 84 84
NET INCOME 33,851 - 33,851

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued continued
Unrestricted Restricted Total
funds funds funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 114,534 7715 122,249
TOTAL FUNDS CARRIED FORWARD 148385 7715 156,100
15. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At
1 January 2022		 3,730 45,965 49,695
Additions - 458 458
Disposals - (3,487) (3,487)
At 31 December 2022 3,730 42,936 46,666
DEPRECIATION
At ‘I January 2022 3,561 45,932 49,493
Chargeforyear 56 46 102
Eliminated on disposal (3,487) (3,487)
At 31 December 2022 3,617 42,491 46,108
NET BOOK VALUE
At 31 December 2022 113 445 558
At 31 December 2021 169 33 202
16. FIXED ASSET INVESTMENTS
2022 2021
£ £
Shares 389
Deposit accounts 92,167 91,277
92,167 91,666
There were no investment assets outside the UK.
Cost or valuation at 31 December 2022 is represented by:
Listed
investments
£
Valuation in 2021 389
Disposal in 2022 (389)

Investments (neither listed nor unlisted)were as follows:
2022 2021
£ £
Deposit accounts opening balance 91,277 91,266
Deposit accounts movement in year 890 11
92,167 91,277
17. STOCKS
2022 2021
£ £
Stocks 10,746 10.649
18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 17,397 25,557
Other debtors 460 465
VAT - 137
Prepayments and accrued income 7,359 6,622
25,216 32,781
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 7,273 4,821
Social security and other taxes 841 1,359
VAT 1,528 -
Other creditors 803 1,488
Accruals and deferred income 70,697 67,366
81,142 75,034

MOVEMENT IN FUNDS
Net
movement At
At 111/22 in funds 31/12/22
£ £ £
Unrestricted funds
General fund 148,385 24,309 172694
Restricted funds
G Giles 4,506 4,506
G Hatch 323 (135) 188
Bowland Charitable Trust 1,886 - 1886
Sam Costello 1,000 - 1,000
7,715 (135) 7580
TOTAL FUNDS 156,100 24,174 180274

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 255,008 (230,578) (121) 24,309
Restricted funds
G Hatch - (135) - (135)
TOTAL FUNDS 255,008 (230,713) (121) 24,174

comparatives for movement in funds
Net
movement At
At 1/1/21 in funds 31/12/21
£ £ £
Unrestricted funds
General fund 114,534 33,851 148,385
Restricted funds
C Giles 4,506 - 4,506
G Hatch 323 - 323
Bowland Charitab’e Trust 1,886 - 1,886
Sam Costello 1,000 1,000
7715 7,715
TOTAL FUNDS 122249 33,851 156,100

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
Net
movement At
At 1/1/21 in funds 31/12/22
£ £ £
Unrestricted funds
Generalfund 114,534 58,160 172,694
Restricted funds
G Giles 4,506 - 4,506
G Hatch 323 (135) 188
Bowland Charitable Trust 1,886 - 1886
Sam Costello 1 .000 - 1,000
7,715 (135) 7,580
TOTAL FUNDS 122,249 58,025 180.274
A current year 12 months and prior
as follows:		 year 12 months combined n et movement in f unds, inc luded in the above a
Incoming Resources Gains and Movement
resources expended losses in tunds
£ £ £ £
Unrestricted funds
General fund 484,443 (426,246) (37) 58,160
Restricted funds
0 Hatch - (135) - (135)
TOTAL FUNDS 484,443 (426,381) (37) 58,025