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|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|
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|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|
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||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||
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|||||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|
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|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%|-|
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|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||
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|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|
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|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|
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|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|
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|2022|2021|
|---|---|
|£|£|
|1,040|421|
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|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|
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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|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)|
##
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||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|
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|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|
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||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|
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