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2023-12-31-accounts

l
I
I
Report ofthe Trustees 1to16
1 Objectives and Activities
1.1
Objectives ofthe Association
1.2
Highlights
of2023
1.3
Collaborations
2 Governance
and Management
2.1
Governance
2.2
Management
2.3
Risk Management
3 Achievements
and Performance:		 Continuing Professional Development
3.1
Annual
Conference
3.2
One-Day Courses and		 Other CPD
3.3
Branches
3.4
Working and Standing		 Groups
4 Achievements
and Performance:		 Editorial
5 Achievements
and Performance:		 Membership and Marketing 10
5.1
Membership		 10
5.2
Marketing		 11
6 Plans for Future Periods 12
7 Financial Review 14
7.1
Reserves Policy		 14
7.2
Results		 14
7.3
The Outlook for 2024		 14
7.4
Payment to Trustees		 14
7.5
Investment
Powers and Policy		 14
8 Reference and Administrative Details 15to 16
Independent
Examiner's
Report		 17
Statement ofFinancial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20to 32

Personal/Personal
e		 1164 1297 1421 1372
NQT 47 75 120 86
MAST 10
Student (paid membership) 30 25 59 61
Student free e-Membership 520 787 1069 1232
Concessions
includmg
e		 91 88 82 83
Large Institutions
including		 e 33 34 36 30
Library Subscriptions 148 160 165 169
Primary/Middle
Schools including		 e 56 103 70 70
Secondary Schools including e 129 148 151 146
Cluster Membershi 31 29 14 15

Elizabeth Bridgett
Lucy Dasgupta
reasurer Stevie Devlin
Louise Hoskyns-Staples nd term 03/04/23
Carol Knights
hair ofGeneral Council Helen Madeley
Honorary Secretary Fin McLaughlin
Jacob Merrill o-opted 27/01/2024
Richard Perring
Sue Pope o-opted 23/09/2023
Freya Price o-opted 23/09/2023
Paul Hayden Rissbrook
Andrew
Roberts		 o-opted 23/09/2023
Mahnaz
Siddiqui
Richard Spillett

2023 2022
Unrestricted Restdicted Total Total
Notes funds
f.		 funds
f		 funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 33 33 1,044
Membership 144,786 144,786 162,129
Charitable activities
Publications, software and teaching aids 22,102 22,102 31,688
Conferences 96,976 96,976 56,128
Professional services 1,630 1,630 2,470
Investment income 5,616 5,616 1,241
Other income 308
Total 271,143 271,143 255,008
EXPENDITURE ON
Membership costs 14a,518 149,518 137,791
Charitable activities
Publications, software and teaching aids 25,906 25,906 27,245
Conferences 93,527 93,527 63,053
Professional services 2,913 2,913 2,624
Total 271,864 271,864 230,713
Net gainer(losses)
on investments
NET INCOME/(EXPENDITURE) (721) (721) 24,174
RECONCILIATION
OF FUNDS
Total funds brought
forward		 172,694 7,580 180,274 156,100
TOTAL FUNDS CARRIED FORWARD 171,973 7,580 179,553 180,274

3. DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
2023f 2022f
Donations 33 1,044
4, MEMBERSHIP
2023f 2022f
Subscriptions 141,585 156,307
Advertising
and royalties		 3,201 5,822
144,786 162,129
5, INVESTMENT INCOME
2023f 2022
f
Other fixed asset investments —Barclays shares 13
Other fixed asset investments -COIF 4,181 1,126
Deposit account interest 1,435 102
5,616 1,241
I5, INCOME FROM CHARITABLE ACTIVITIES
Activity 2023f 2022f
Sales of publications,
software and teaching aids 22,102 31,688
Conferences 96,976 56,128
Professional
services		 1,630 2,470
120,708 90,286
'7. OTHER INCOME
2023 2022f
Other Incoming resources 308
Other income relates to courses and sundry income.

Membership
2023f 2022
f.'
Staff costs 67,464 58,572
Mathematics teaching 47,960 44,548
Advertising and publicity 1,471 2,570
Bad debts 27
Support costs 32,623 32,074
149,518 137,791
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs
5		 note 10)
f		 Totals
f
Publications, software and teaching aids 18,720 7,186 25,906
Conferences 83,520 10,007 93,527
Professional services 2,536 377 2,913
104,776 17,570 122,346
SUPPORT COSTS
Governance
Management
8		 costs
5		 Totals
f
Raising donations and legacies 29,421 3,202 32,623
Publications, software and teaching aids 6,497 689 7,186
Conferences 9,022 985 10,007
Professional services 327 50 377
45,267 4,926 50,193

Publications,
Raising software
donations and
and teaching
legacies aids Conferences
6 5 6
Trustees' expenses 1,255 276 362
Other operating leases 8,236 1,837 2,534
Insurance 1,583 353 474
Telephone 971 217 299
Sundries 277 60 85
Postage 964 217 299
Stationery 1,625 350 500
Equipment support &maintenance
Meeting expenses 1,455 324 448
Computer
development		 7,025 1,555 2,161
Training
Bank charges 1 133 235 349
Website expenses 2,890 622 889
Credit card charges 1,871 421 580
Depreciation of tangible and heritage assets 136 30 42
29,421 6,497 9,022
2023 2022
Professional Total Total
services activities activities
5 6
Trustees' expenses 10 1,903 1,040
Other operating leases 63 12,670 12,000
Insurance 24 2,434 2,855
Telephone 8 1,495 1,296
Sundries 4 426 1,483
Postage 15 1,495 3,812
Stationery 25 2,500 2,528
Equipment support &maintenance 7,670
Meeting expenses 11 2,238 3,195
Computer
development		 66 10,807 981
Training 62
Bank charges 26 1,743 1,800
Website expenses 45 4,446 4,026
Credit card charges 29 2,901 2,511
Depreciation of tangible and heritage assets 1 209 102
327 45,267 45,361

Governance c osts
Publications,
Raising software
donations and
and teaching
legacies
f		 aids
f.		 Conferences
f
Accountancy fees 2,698 580 830
Legal fees 504 109 155
3,202 689 985
2023 2022
Professional Total Total
services
f		 activities
f		 activities
f
Accountancy fees 42 4,150 3,650
Legal fees 8 776 365
50 4,926 4,015
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023f 2022
f
Depreciation ~ owned assets 209 102
Other operating leases 12,670 12,000
Independent examination 4,150 3,650

Trustees' expenses
2023f 2022
f.
Trustees' expenses 1,903 1,040
13. STAFF COSTS STAFF COSTS
2023 2022
8
Wages and salaries 93,236 82,054
Social security costs 2,821 1,426
Other pension costs 5,393 4,599
101,450 88,079
The average monthly number ofemployees during the year was as follows:
2023 2022
Management and administration 4 4
No employees received emoluments in excess of860,000.

14. COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds
f		 funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,044 1,044
Membership 162,129 162,129
Charitable
activities
Publications,
sohware		 and teaching aids 31,688 31,688
Conferences 56.128 56,128
Professional
services		 2,470 2,470
Investment
income		 1,241 1,241
Other income 308 308
Total 255,008 255,008
EXPENDITURE ON
Raising funds: membership 137,791 137,791
Charitable
activities
Publications.
software		 and teaching aids 27,245 27,245
Conferences 62,918 135 63,053
Professional
services		 2,624 2,624
Total 230,578 135 230,713
Net gains/(losses)
on investments
NET INCOME/(EXPENDITURE) 24,309 (135) 24,174
RECONCILIATION
OF FUNDS
Total funds brought
forward		 148,385 7,715 156,100
TOTAL FUNDS CARRIED FORWARD 172,694 7,580 180,274
16, TANGIBLE FIXEDASSETS
Fixtures
and Computer
Sttings
f		 equipment
f		 Totals
f
COST
At 1 January 2023 and 31 December 2023 3,730 42,936 46,666
DEPRECIATION
At 1 January 2023 3,617 42,491 46,108
Charge for year 56 153 209
At 31 December 2023 3,673 42,644 46,317
NET BOOK VALUE
At 31 December 2023 57 292 349
At 31 December 2022 113 445 558
1tk FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS
2023
f		 2022
f
Deposit accounts 96,181 92,167
96,181 92,167
There were no investment assets outside the UK.
Investments
(neither listed		 nor unlisted) were as follows:
2023 2022
f
Deposit accounts opening balance 92,167 91,277
Deposit accounts movement in year 4,014 890
96,181 92,167
17, STOCKS
2023
f		 2022
f
Stocks 8,696 10,746
18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
f
Trade debtors 23,581 17,397
Other debtors 167 460
Prepayments and accrued income 8,407 7,359
32,155 25,216
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
f f
Trade creditors 6,457 7,273
Social security and other taxes 1,825 841
VAT 919 1,528
Other creditors 950 803
Accruals and deferred income 63,252 70,697
73,403 81,142

MOVEM ENT IN FU NDS
Net
movement At
At 1/1/23 in funds 31/12/23
f f f
Unrestricted funds
General fund 172,694 (721) 171,973
Restricted funds
G Giles 4,506 4,506
G Hatch 188 188
Bowland Charitable Trust 1,886 1,886
Sam Costello 1,000 1,000
7.580 7,580
TOTAL FUNDS 180,274 ~721) 179,553
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted funds
General fund 271,143 (271,864) (721)
TOTAL FUNDS 271,143 (271,864) ~721)
Comparatives for movement in funds
Net
movement At
At 1/1/22
f.		 in funds
f		 31/12/22
f
Unrestricted funds
General fund 148,385 24,309 172,694
Restricted funds
G Giles 4,506 4,506
G Hatch 323 (135) 188
Bowland Charitable Trust 1,886 1,886
Sam Costello 1,000 1,000
7,715 ~135) 7,580
TOTAL FUNDS 156,100 24,174 180,274

MOVEMENT IN FUNDS - c ontinued
Comparative net movement in funds, induded in the above are as follows:
Incoming Resources Gains and Movement
resources
6		 expended
6		 losses
E		 in funds
f
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