| 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 |