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2024-12-31-accounts

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REGISTERED COMPANY NUMBER: 01899676 (England and Wales) REGISTERED CHARITY NUMBER: 293125

Association of Teachers of Mathematics

TABLE OF CONTENTS
Report of the Trustees 1 to 11
1 Objectives and Activities 1
1.1 Objectives of the Association 1
1.2 Highlights of 2024 2
1.3 Collaborations 2
2 Governance and Management 2
2.1 Governance 3
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 5-7
4 Achievements and Performance: Publications and Communications 7-8
5 Achievements and Performance: Membership and Marketing 8
5.1 Membership 8-9
5.2 Marketing 9-10
6 Plans for Future Periods 10
7 Financial Review 11
7.1 Reserves Policy 11
7.2 Results 11
7.3 The Outlook for 2025 11
7.4 Payment to Trustees 11
7.5 Investment Powers and Policy 11
8 Reference and Administrative Details 12-13
Independent Examiner’s Report 14
Statement of Financial Activities 15
Balance Sheet 16-17
Notes to the Financial Statements **18 to 29 **

THE ASSOCIATION OF TEACHERS OF MATHEMATICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Report of Trustees is also the basis of the Directors' Report as required by Company law.

1 OBJECTIVES AND ACTIVITIES

1.1 OBJECTIVES OF THE ASSOCIATION

⮚ The guiding principles of the Association of Teachers of Mathematics are that:

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

These principles guide all of the charity’s activities.

PUBLIC BENEFIT

The charitable company has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and in planning its future activities. In particular, the trustees always consider how planned activities will contribute to ATM's aims and objectives.

1.2 HIGHLIGHTS OF 2024

The Association has continued with its work supporting members and the wider mathematical education community.

Highlights include:

1.3 COLLABORATIONS

The Association was represented by Trustees as members of national bodies, including the Joint Mathematical Council. Collaborative working with AMET, MA, NAMA and NANAMIC has also been maintained through the Meeting of Mathematics Subject Associations (MMSA). The ATM has actively continued to engage with the exploration of the feasibility and potential design of the Association for Mathematics in Education (AMiE), which is now constituted as a CIO (Charitable Incorporated Organisation) with the purpose of becoming a new, single maths subject association in to which the five subject associations in MMSA may at some point merge. The CIO has initial trustees who have started the hard work of shaping the new organisation and, while there are many steps (legal, procedural and logistical) still to consider, thoughts are moving forwards and ATM representatives are making sure our members’ needs are being represented.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

2 GOVERNANCE AND MANAGEMENT

2.1 GOVERNANCE

The Association of Teachers of Mathematics (ATM) is a company limited by guarantee, as defined by the Companies Act 2006, and is governed by its Memorandum and Articles of Association dated 26 March 1985 and amended most recently on 15 April 2019. It is registered as a Charity with the Charity Commission.

Anyone who is a member of the Association may stand for election to become a Trustee and member of the General Council of the Association.

During 2024 Hayden Risbrook completed his term as Trustees, while Sue Pope stood down after one year in post to apply for the MT Editor role, and we thank them both for their contributions to the Association; Hayden was both Honorary Secretary and Chairperson during his time on General Council. Stevie Devlin will complete his term of office in July 2025.

At the time of the production of this report, since the last AGM, there have been no new members coopted to General Council.

2.2 MANAGEMENT

The Trustees appoint an Executive Officer to manage the day-to-day operations of the charity. To facilitate effective operations the Executive Officer has delegated authority, within the terms of delegation approved by the Trustees, for operational matters including finance, employment and trading-related activities.

Up until 31 December 2024, the role of Executive Officer was shared by Karen Foster (Executive Officer Corporate) and Karen Kirkley (Executive Officer Finance). Karen Foster retired at the end of 2024 after nearly 40 years of service. Karen Kirkley is the sole acting Executive Officer at this current time.

The General Council meets three times a year where the business of the Association is conducted. In 2024 the January meeting took place in Derby with GC meeting present in person. The May and September GC Meetings took place online. The Executive Committee met online a further three times during the year. As well as Officer Roles of Treasurer, Chair and Honorary Secretary, members of GC can be part of the Continual Professional Development Group led by Andrew Roberts or the Communications and Publications Group (formerly the Editorial Group) led by Richard Perring. There is now also a new Membership Group, led by Stevie Devlin).

The Chair and Honorary Secretary hold meetings with the Acting Executive Officer to assist in maintaining good lines of communication between the office staff and General Council, ensuring ongoing oversight and support.

2.3 RISK MANAGEMENT

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

During 2024 General Council reviewed and updated its Risk Assessment policy where necessary. This involved looking at recorded risks and new possible risks as they occur. Thanks go to Richard Spillett for his time and expertise on this important task.

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3 ACHIEVEMENTS AND PERFORMANCE: CONTINUING PROFESSIONAL ~~DEVELOPMENT~~

The CPD business group’s remit includes the annual Conference, one-day courses and online CPD material, Branches, and Working and Standing Groups.

3.1 ANNUAL CONFERENCE

In 2024 ATM was part of the Joint Conference of Mathematics Subject Associations Conference held in Stratford upon Avon. The Conference ran over three days and attracted approximately 230 delegates. Approximately two-thirds of delegates attended for the full conference, with the majority of the day delegates attending for the middle day of the conference. It also attracted significant interest from sponsors and publishers.

3.2 ONE-DAY COURSES AND OTHER CPD

A Virtual Conference was once again held at the start of October 2024, but a decision was taken to hold it as a half day event, rather than as a full day as was the case in the previous year. The Virtual Conference attracted 80 delegates (24 of whom were not members), which is a slight reduction on the 2023 event. This is in addition to the full conference held each March/April.

The Micro-CPD initiative that was launched at the end of 2023 continued into 2024 with two more sessions. Attendance at these sessions was encouraging and included a small number of departments joining as a group. Fin McLaughlin ran a session on ‘Habits of Mind and Habits of Interaction’, describing oracy pedagogies for supporting mathematical reasoning. Richard Perring’s session ‘What’s the problem with problem solving?’ gave participants an opportunity to enjoy working on mathematics to consider the role of problem solving in the curriculum. There seems to be more appetite for online short-form CPD than in-person (see Branches detail below); more such sessions are planned for the coming year and are seen as a new route to attracting members, as well as providing professional development (at a discount) for current members.

The Association has continued to support the Chartered Mathematics Teacher designation (CMathTeach). See cmathteach.org.uk for the current requirements. Hayden Rissbrook led on this for the Association until his retirement from General Council at 2023’s AGM and Sue Pope continues to support the ATM Office with the application process.

3.3 BRANCHES

ATM Branches provide local networking opportunities for teachers to share ideas and good practice both formally and informally. Our branch leaders work entirely in a voluntary capacity and we very much appreciate their hard work and dedication in organising these networking opportunities for their fellow colleagues. Over the past year a number of people who were leading branches have been unable to continue to do so, meaning that there is a need to identify new people willing to take on this role.

In 2024, only the Liverpool branch was able to run a session. There have been some discussions in other branches (including Manchester) about identifying potential venues that could be used to run sessions in the future. General Council would welcome any interest in establishing (or re-establishing) branches, where there is demand for this unique opportunity for both professional development and community.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Branches are to be overseen by the Branches Officer, Lucy Dasgupta (General Council) and Val Hitchcock (ATM office. Val stays in contact with branch leaders, sharing information and ideas for sessions with them and is also on hand to promote sessions via social media and ATM’s e-news. The Branches team provide a valuable support to anyone who does wish to get a branch going.

3.4 WORKING AND STANDING GROUPS

3.4. 1 ATM/MA PRIMARY STANDING GROUP

This Standing Group is joint with the Mathematical Association (MA). The annual report follows:

1. Officers

Alison Borthwick is the chairperson of the Joint Primary Group. Louise Pennington and Pip Huyton are the vice chairs. Linda Glithro is the finance officer. Sue Lowndes stepped down as MA Teaching Committee representative last year and to date no one has offered to fulfil this role on behalf of the group. Alison attends MA TC when possible and LP is also part of TC in her role as chair of the MA PD committee.

2. Joint Association Primary Membership Update and Meetings

There are currently 121 members (February 2025) in the Joint Primary Group. New members are alerted to the group through various mediums: adverts and articles in either of the journals, recommendations by friends or colleagues. Membership to the group is open to any person who is a member of either ATM and/or MA. To remain within the group members are asked to communicate their attendance or apologies for each meeting. If no correspondence is received for three consecutive meetings it is assumed that these members no longer wish to be part of the group and are removed from the group until further notice.

The group does not pay for room hire or refreshments for the one f2f meeting and it does not have any administration support. Online meetings use personal Zoom accounts. MA Members were invited to submit reasonable expenses for the f2f meeting in June 2024.

Numbers attending the meetings are recorded below.

27 January 2024 (Zoom online platform) – 35 attending; 45 apologies received.

7 June 2024 (f2f at The Royal Society, London) – 27 attending (+ 3 guests: David Tymm, Emily Farran; Jenni Ingram; 72 apologies received.

26 October 2024 (Zoom online platform) – 32 attending; 43 apologies received.

3. Conferences

The Primary Group presented a workshop at the joint Easter conference in 2024. Two members of the group led a session entitled Assessment in KS1. The workshop was well attended and as a result, we gained new members. Other members then pursued this idea further and have since published the Tasks not Tests: 12 activities.

The group have submitted and had accepted a workshop for the 2025 Joint Conference on the Tasks not Tests work.

4. Writing/publications

Three publications were written and published by the Primary Group last year:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Huge thanks go to all members of the Primary Group who were all consulted either through email threads or time in meetings, but special thanks go to the working parties who were the drivers and authors of these publications.

5. Items discussed at the meetings

This year we have covered many topics. The items for each agenda are often specific requests from people who are keen to learn more about an area or are offers from people to contribute to the group. Over the past year we have discussed and had presentations on the following:

3.4.2 The ATM Functional Programming and Computer Algebra (FPCA) working

The ATM Functional Programming and Computer Algebra (FPCA) working group works to establish the connections between functional programming, computer algebra and mathematical thinking. Computational thinking (CT) in algebra will benefit all mathematics learners, but especially those who currently experience difficulty with algebraic forms.

Classroom experiments to pilot a combined mathematics and informatics proto-curriculum continued this academic year. They were reported at the ATM/MA conference and at the ATM virtual conference.

Several sessions at the ATM/MA conference were linked into the CTM™ strand. Sam Blatherwick described his approach to number machines in the secondary curriculum. Paul Stevenson introduced his Number City - a 3D block world representation of the prime factors showing how they appear when we take the natural numbers in order. This will appear shortly as an article in MT295. Number City is used in the article

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

to illustrate the implementation of Haskell code for the Sieve of Eratosthenes prime number generator. Videos of two CTM sessions have been published on YouTube: Miles Berry discusses "Generative AI and the mathematics teacher, and the mathematics learner", and Ian Benson and Working Group members discuss "Experiences with Functional Programming".

For the fourth year we commissioned a CTM strand and panel at the ATM virtual conference. The subject was "Horizon Mathematics: What's the same? What's different?". Miriam Rosenberg-Lee reported on Cuisenaire-Gattegno classroom research in early algebra in America. The mathematician and mathematics educator Alexei Semenov, a recipient of the Royal Society Global Talent Visa and co-author of an influential primary school textbook series "Mathematics and Informatics," described how familiar objects such as sets, bags and strings, can be integrated into elementary mathematics. Dan Toms and Richard Hunt described secondary classroom activities they have developed with educational mathematics software in Scratch and Python. A video of the panel can be seen at https://bit.ly/CTM24HorizonPanel. Five schools have taken part in piloting a mentored self-study course: the Haskell Road to Mathematics. This is a 24 unit course available free to ATM members.

The ATM have created a new subdomain ctm.atm.org.uk for members to collaborate on creating educational mathematics resources.

For more information please contact:

Scratch : RichardHunt@ctm.atm.org.uk.

Python: JimDarby@ctm.atm.org.uk.

Haskell: IanBenson@ctm.atm.org.uk.

4 ACHIEVEMENTS AND PERFORMANCE: PUBLICATIONS AND COMMUNICATIONS

In 2024 the Editorial group was renamed as the Publications and Communications Group and continues to be responsible for publications, including physical resources, electronic resources and the journal Mathematics Teaching, but also for the marketing of ATM, its resources and membership.

The journal Mathematics Teaching has been led by Tony Cotton and his editorial team up to MT294 in December 2024, This was Tony’s final journal after nine years in the editor role and we offer our thanks to him and wish him all the best for the future . He has been a resourceful and creative editor, looking to make links not only across the mathematics education community but beyond education itself, demonstrating the ubiquitous power and beauty of mathematics from every perspective. His energy (and many great contributions to the association as editor, member, trustee and officer) will be missed and we hope that this can now be enjoyed fully by his family and that he can enjoy more time with them. In the past twelve months, five thought provoking issues were published featuring many new and fascinating articles, including a Special Issue published in December 2024 on Social Justice.

From 2025 the Editor position will be held by Sue Pope, another great contributor to the association over many years and we are excited to see the new directions she has planned for our highly-respected journal.

2024 saw the publication of one new book: This Worked for Me, edited by Fiona Allan, which contains a collection of activities and approaches that teachers felt worked for them and their students resitting GCSE Mathematics. The success of this book has encouraged Fiona to explore ‘This Worked for Me’ at other phases - in particular Secondary Subject Leads in the first instance.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

A manuscript for another book in the series by Dietmar Küchemann has been received and is expected to be published imminently.

The top five best selling publications (including books and downloads) in 2024 were:

  1. Thinkers

  2. This worked for Me!

  3. Cuisenaire: from early years to adult

  4. Practising Mathematics - Developing the Mathematician as Well as the Mathematics

  5. Questions and Prompts for Mathematical Thinking

Thinkers far outstripped sales of other titles again in 2024 selling a total of 251 copies, followed by the new Publication for 2024 ‘This Worked for Me!’, selling 199 copies. In general Publication Sales have performed less well in 2024 than they did in 2023. Publications income in 2024 was £16,621, reflecting a continued downward trend (£31,688 in 2022, followed by £22,102 in 2023) and an almost 50% decrease in publication sales since 2022.

We thank all those involved in our editorial work – authors, editors, designers and office staff – for their hard work in yet another challenging year, ensuring that we have continued to produce high-quality resources for our members and beyond.

With the renaming of the group as PaC, we take a fresh lens on Communications with a particular focus on engaging new members while maintaining and further developing relationships with existing members. Changes to Twitter/X, which has previously offered a platform for collaboration and discussion, mean that this channel for communication has shifted significantly and, although statistics around engagement have been removed from the platform, it is apparent that engagement here is significantly reduced. Some of the education community has shifted to Bluesky, and ATM were an early adopter of this platform, but the following is small (currently around 1000 followers compared to the 38000 on Twitter). The changes in our social media platforms have offered significant challenges in how we interact with members new and old. See further detail on this in ‘Marketing 5.2’.

General Council welcomes suggestions from members with particular skills or experience working with social media and communications technology. Please contact Richard Perring, Editorial Officer, if you can help.

5 ACHIEVEMENTS AND PERFORMANCE: MEMBERSHIP AND MARKETING

5.1 MEMBERSHIP

During 2024, continued efforts were made to promote all categories of membership; however, there was a persistent decrease in member numbers across nearly every category. In 2023, these declines were attributed to the cost of living crisis over the past year and what some may perceive as uncertainty within the ATM. Unfortunately, this downward trend has continued into 2024.

All categories of membership were regularly promoted through various channels, including ‘X’, e-newsletters, and targeted email campaigns to non-members. Promotions also included a 10% discount for new e-members, aimed at boosting student e-membership. Despite these efforts, student e-membership has continued to decline, even though it remains free of charge. This ongoing trend is particularly concerning as trainees represent a valuable potential source of future paid memberships and an opportunity to further the aims of the Association with successive generations of teachers.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Overall, total paid memberships have decreased to 1560 by February 2024, down from 1735 the previous year. This decline is particularly troubling as it reflects a broader trend of diminishing engagement within the membership base. Additionally, total membership, including free memberships, has also dropped to 2133 , compared to 2255 in the 2023/24 period.

As we move forward, it is critical to reassess our strategies for engaging and retaining members, particularly in light of the changing educational landscape and the increasing competition from alternative training providers. By enhancing our value proposition and outreach efforts, we can work towards reversing these trends and fostering a more robust membership base.

Membership Category 2024/25 2023/24 2022/23 2021/22
Personal/Personal e 1052 1164 1297 1421
NQT 53 47 75 120
MAST 5 6 8 10
Student (paid membership) 27 30 25 59
Student free e-Membership 573 520 787 1069
Concessions including e 87 91 88 82
Large Institutions including e 23 33 34 36
Library Subscriptions 134 148 160 165
Primary/Middle Schools including e 41 56 103 70
Secondary Schools including e 1021 129 148 151
Cluster Membership 36 31 29 14
Total Paid Memberships up to February 2024 1560 1735 1967 2427
Total (including free Memberships) up to February 2024 2133 2255 2754 3197

5.2MARKETING

We continue to promote ATM and its resources via Social Media, e-news, e-mailings and via advertisements in Mathematics Teaching and also at events. The main social media platform for promotion was Twitter, but since it has become ‘X’, links with contacts are less effective and this change has negatively impacted promotion of ATM on the platform (see content in the Publications and Communications group report in Section 4 for additional detail). The number of X (formerly Twitter) followers has dropped slightly in numbers in 2024 from 38,464 to 38,300, after year on year increases for many years (2022 followers were 12% up on 2021, last year still saw a 4% in increase). This we believe to be the negative reputation X currently has. This has also been associated with changes to the X algorithm, leading to less engagement with content by followers.

The Facebook Group has 7400 members and is slightly up on 2023. Our YouTube channel hosts our video resources, and currently has over 3.59K subscribers. In 2024 we had over 1.2 million views since joining in October 2008. E-news is sent out once a month and is currently mailed to around 8,500 subscribers including members and non-members

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Our monthly e-news continues to keep our membership informed and updated, as do our various social media accounts. Promotions included eBook offers and also Black Friday weekend offers, which resulted in slightly increased sales of selected eBooks over that weekend.

ATM attended or sent sample Resources/Marketing materials to a number of events during 2024. Events where ATM was represented were the SMC Conference in Aberdeen and Jurassic Hub event in Lyme Regis. We also sent out ATM information for display to other events including CYMRU in Haverfordwest. Yorkshire Riding Hub event in Harrogate and the Student Education Welcome Fair in Canterbury.

2024 saw the conference being a Joint Subject Associations Conference and although this is an opportunity to promote ATM and ATM resources, competition for sales is spread wider. Over the three day 2024 Joint Subject Associations Conference ATM publications sales were £954 compared to £1,078 of ATM

publications sales in 2023. Other factors that could mean less sales were having fewer new publications released in 2024.

During 2024 we have continued to market the ‘open access’ MT articles as a way to promote ATM and the Mathematical Teaching Journal.

6 PLANS FOR FUTURE PERIODS

Strategic priorities 2025:

  1. Halt the decline in membership - this continues to be a ‘going concern’, even if the rate of decline appears to have slowed

  2. Communicate more effectively, more widely and more noticeably what it is about ATM that people should/could be interested in, in order to attract new members.

  3. Improve diversity of our membership (and, in time, Council).

  4. Devise a new strategy to work with our free student members to support a better conversion to paid memberships

  5. Further market Micro CPD sessions to use them as recruitment opportunities.

  6. Find ways to increase the number of quality prospects in our regular mailing list (recipients of e- news) so that more potential members are presented with our offer and encouraged to join

2. Explore further opportunities to reduce costs and increase income to reduce (or balance) _____potential budget deficit

3. Continue to work closely with the other four subject associations (AMET, MA, NAMA & NANAMIC) and Coconut Octopus (consultants) to complete the due diligence and the co-creation of the shared vision and structure of the Association for Mathematics in Education so that it is a welcoming home for all members of the mathematics education community and an attractive prospect for current ATM members to vote for.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

7 FINANCIAL REVIEW

7.1 RESERVES POLICY

The General Council has established a reserves policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the Association should be between 3 and 6 months of the resources expended, which equates to between £68,000 and £136,000 in general funds. At this level, the General Council feels that they would be able to continue the current activities of the Association in the event of a significant drop in funding. At present, free reserves, which amount to £147,708, are above this target level. Funds will be part utilised to meet the aims of the Plans for Future Periods per item 6 of this report. The free reserves comprise the balance on unrestricted funds at 31 December 2024 of £147,847 less tangible fixed assets of £139.

7.2RESULTS

The total deficit for the year amounted to £24,314 (2023: deficit £721) which relates to unrestricted funds of £24,126 (2023: £721) and restricted funds £188 (2023: £nil). Total funds as at the 31 December 2024 amounted to £155,239 (2023: £179,553) of which £147,847 (2023: £171,973) related to unrestricted funds and £7,392 (2023: £7,580) related to restricted funds.

Prior to last year, the Association had reported surpluses for the previous four years, following a focused programme of cost reductions and efficiency plans implemented during that time however, the reduced income from membership and publications has meant that this year has incurred another deficit.

7.3 COST OF LIVING AND THE OUTLOOK FOR 2025

The charity has generated a deficit in the year, and this reflects the absorption of rising costs during a period of economic pressures from inflation. With the potential risk of members not renewing or purchasing publications, there is a potential to see a drop in income and increase in expenses.

7.4 PAYMENT TO TRUSTEES

No Trustees were paid for work carried out in this financial year.

7.5INVESTMENT POWERS AND POLICY

The General Council has considered the most appropriate policy for investing funds and found that charity deposit accounts meet their requirements for low-risk investment. The average return on these investments for the quarter ended December 2024 was 4.78%, which is considered reasonable in the current economic climate; there is a regular review of the investment policy to maximise available returns.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

8 REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01899676 (England and Wales)

Registered Charity number

293125

Registered office

2A Vernon Street Vernon House Derby DE1 1FR

Trustees

Members of the General Council, who served as trustees during the year and up to the date of this report are as follows:

Elizabeth Bridgett
LucyDasgupta
Stevie Devlin
Treasurer Carol Knights
Chair of General Council Helen Madeley
HonorarySecretary Fin McLaughlin
Jacob Merrill
Richard Perring
Sue Pope resigned 07/05/2024
Freya Price
Paul Hayden Rissbrook term ended
07/05/2024
Andrew Roberts
Mahnaz Siddiqui
Richard Spillett

Karen Foster and Karen Kirkley, joint Acting Executive Officers during 2024, responsible for the day-today control of the charity.

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THE ASSOCIATION OF TEACHERS OF MATHEMATICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Company Secretary

Fin McLaughlin

Independent Examiner

Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ

Solicitors

Nelsons Law Sterne House Lodge Lane Derby DE1 3WD

Bankers

The Co-operative Bank 31 East Street Derby DE1 2AL

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees and signed on its behalf by:

Carol Knights – Treasurer

Date:

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ASSOCIATION OF TEACHERS OF MATHEMATICS

Independent examiner's report to the trustees of The Association of Teachers of Mathematics ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Mellor FCA

Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ

Date: .............................................

Page 14

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
-
Charitable activities
6
Publications, software and teaching aids
16,621
Conferences
119,618
Professional services
800
Other trading activities
4
134,887
Investment income
5
6,542
Total
278,468
EXPENDITURE ON
Raising funds
7
153,486
Charitable activities
8
Publications, software and teaching aids
24,792
Conferences
122,320
Professional services
1,996
Total
302,594
NET INCOME/(EXPENDITURE)
(24,126)
RECONCILIATION OF FUNDS
Total funds brought forward
171,973
TOTAL FUNDS CARRIED FORWARD
147,847		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
188
-
188
(188)
7,580
7,392		 2024
Total
funds
£
-
16,621
119,618
800
134,887
6,542
278,468
153,486
24,792
122,508
1,996
302,782
(24,314)
179,553
155,239		 2023
Total
funds
£
33
22,102
96,976
1,630
144,786
5,616
271,143
149,518
25,906
93,527
2,913
271,864
(721)
180,274
179,553

The notes form part of these financial statements

Page 15

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

BALANCE SHEET 31 DECEMBER 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
139
Investments
15
101,136
101,275
CURRENT ASSETS
Stocks
16
9,523
Debtors
17
28,726
Cash at bank and in hand
80,604
118,853
CREDITORS
Amounts falling due within one year
18
(72,281)
NET CURRENT ASSETS
46,572
TOTAL ASSETS LESS CURRENT LIABILITIES
147,847
NET ASSETS
147,847
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
7,392
7,392
-
7,392
7,392
7,392		 2024
Total
funds
£
139
101,136
101,275
9,523
28,726
87,996
126,245
(72,281)
53,964
155,239
155,239
147,847
7,392
155,239		 2023
Total
funds
£
349
96,181
96,530
8,696
32,155
115,575
156,426
(73,403)
83,023
179,553
179,553
171,973
7,580
179,553

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 16

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

BALANCE SHEET - continued 31 DECEMBER 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

C Knights - Treasurer

The notes form part of these financial statements

Page 17

THE ASSOCIATION OF TEACHERS OF MATHEMATICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Association of Teachers of Mathematics is a charitable company, registered in England and Wales. The charitable company's registered company number, registered charity number and registered office address can be found in the reference and administrative details of the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Going concern

The charity has generated a deficit in the year and this reflects the absorption of rising costs during a period of economic pressures from inflation. This follows a year of a good surplus. The trustees regularly review the charity's reserves policy. The trustees consider that the charity has sufficient funds within its reserves policy as reflected in the Report of Trustees reserves policy note. Therefore the trustees are of the view that these financial statements should be prepared on the going concern basis and there is no concern over going concern.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Significant judgements

The following judgements (apart from those involving estimates) have been made in the process of applying the charity's accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Carrying value of stock - when calculating the stock provision, management considers the nature and condition of stock, together with the age of stock, and sales activity. The net carrying value of stock at the year end is £9,523

Apportionment of support costs is based on staff time spent per activity.

Income

All income is recognised in the Statement of Financial Activities at the fair value of the consideration received or receivable once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being

received. At this point income is recognised.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Page 18

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Income

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Deferred income

The charity has deferred income in relation to its membership subscriptions which are renewable each year at various dates.Deferred income is released to the Statement of Financial Activities throughout the year on a monthly basis.

Debtors

Trade debtors and other debtors are recognised at the settlement amount due less any discount. Prepayments are valued at the amount prepaid.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Allocation and apportionment of costs

The cost of overall direction and administration on each activity, comprising certain direct costs and overhead costs of the general office, is apportioned on a percentage basis which is an estimate, based on staff time or usage, of the amount attributable to each activity:

Subscriptions, Publications,
journals & software & Professional
Expenditure newsletters teaching aids Conferences services
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 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%
Repairs and 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%
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%

Page 19

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs Allocation and apportionment of costs
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% -

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost Computer equipment - 33% on cost and 20% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment assets and income

The charity holds investments as fixed assets.

The interest on deposits and dividends accruing on these investments is included in investment income on a receivable basis.

In accordance with the Statement of Recommended Practice FRS102, the Association values its investments at fair value, being the market values ruling at the date of the balance sheet.

Realised and unrealised gains and losses are dealt with in the general fund.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Page 20

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

3.
DONATIONS AND LEGACIES
Donations
4.
OTHER TRADING ACTIVITIES
Subscriptions
Advertising and royalties
5.
INVESTMENT INCOME
Other interest
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Sales of publications, software
and teaching aids
Publications, software and teaching aids
Conferences
Conferences
Professional services
Professional services
7.
RAISING FUNDS
Raising donations and legacies
Staff costs
Mathematics teaching
Advertising and publicity
Support costs		 2024
£
-
2024
£
131,625
3,262
134,887
2024
£
4,955
1,587
6,542
2024
£
16,621
119,618
800
137,039
2024
£
67,922
45,605
1,004
38,955
153,486		 2023
£
33
2023
£
141,585
3,201
144,786
2023
£
4,181
1,435
5,616
2023
£
22,102
96,976
1,630
120,708
2023
£
67,464
47,960
1,471
32,623
149,518

Page 21

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8. CHARITABLE ACTIVITIES COSTS

8.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 9)
£
£
Publications, software and teaching aids
17,681
7,111
Conferences
110,546
11,962
Professional services
1,417
579
129,644
19,652
9.
SUPPORT COSTS
Governance
Management
costs
£
£
Raising donations and legacies
30,901
8,054
Publications, software and teaching aids
5,657
1,454
Conferences
9,479
2,483
Professional services
458
121
46,495
12,112		 Totals
£
24,792
122,508
1,996
**149,296 **
Totals
£
38,955
7,111
11,962
579
58,607

The Association initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function which are accountancy and legal fees. Support costs and governance costs are apportioned separately between the four key charitable activities undertaken as per the Association's accounting policy for the allocation and apportionment of costs.

Page 22

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Management

Management
Publications,
Raising software
donations and
and teaching
legacies aids Conferences
£ £ £
Trustees' expenses 1,116 245 321
Other operating leases 9,480 1,711 2,922
Insurance 1,380 249 425
Telephone 966 174 298
Sundries 714 129 221
Postage 1,108 200 342
Stationery 640 115 197
Meeting expenses 1,207 256 348
Computer development 7,868 1,420 2,426
Bank charges 1,171 211 361
Website expenses 3,131 565 965
Credit card charges 1,980 357 610
Depreciation of tangible and heritage assets 140 25 43
**30,901 ** **5,657 ** 9,479
2024 2023
Professional Total Total
services activities activities
£ £ £
Trustees' expenses 9 1,691 1,903
Other operating leases 143 14,256 12,670
Insurance 21 2,075 2,434
Telephone 15 1,453 1,495
Sundries 11 1,075 426
Postage 17 1,667 1,495
Stationery 9 961 2,500
Meeting expenses 18 1,829 2,238
Computer development 118 11,832 10,807
Bank charges 18 1,761 1,743
Website expenses 47 4,708 4,446
Credit card charges 30 2,977 2,901
Depreciation of tangible and heritage assets 2 210 209
458 46,495 45,267

Page 23

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
Publications,
Raising software
donations and
and teaching
legacies aids Conferences
£ £ £
Accountancy fees 2,869 518 885
Legal fees 5,185 936 1,598
8,054 1,454 2,483
2024 2023
Professional Total Total
services activities activities
£ £ £
Accountancy fees 43 4,315 4,150
Legal fees 78 7,797 776
121 12,112 4,926

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Other operating leases
Independent examination		 2024
£
210
14,256
4,315		 2023
£
209
12,670
4,150

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

2024 2023
£ £
Trustees' expenses 1,691 1,903

Trustees' travel expenses were reimbursed to 9 (2023: 9) members of the General Council.

Page 24

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management and administration
No employees received emoluments in excess of £60,000.		 2024
£
93,570
2,892
5,677
102,139
2024
4		 2023
£
93,236
2,821
5,393
101,450
2023
4

The full time equivalent for the number of management and administration staff was 3 (2023: 3)

Key employees

The executive decision making body is the senior leadership team comprising the trustees. Remuneration to trustees is detailed in the above note on trustees' remuneration and benefits.

The employed staff are not involved in senior leadership and their function is either administrative or practical in delivering and supporting the trustees. There are no key employees as described in the current legislation.

Page 25

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
33
-
Charitable activities
Publications, software and teaching aids
22,102
-
Conferences
96,976
-
Professional services
1,630
-
Other trading activities
144,786
-
Investment income
5,616
-
Total
271,143
-
EXPENDITURE ON
Raising funds
149,518
-
Charitable activities
Publications, software and teaching aids
25,906
-
Conferences
93,527
-
Professional services
2,913
-
Total
271,864
-
NET INCOME/(EXPENDITURE)
(721)
-
RECONCILIATION OF FUNDS
Total funds brought forward
172,694
7,580
TOTAL FUNDS CARRIED FORWARD
171,973
7,580
14.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 January 2024 and 31 December 2024
3,730
42,936
DEPRECIATION
At 1 January 2024
3,673
42,644
Charge for year
57
153
At 31 December 2024
3,730
42,797
NET BOOK VALUE
At 31 December 2024
-
139
At 31 December 2023
57
292		 Total
funds
£
33
22,102
96,976
1,630
144,786
5,616
271,143
149,518
25,906
93,527
2,913
271,864
(721)
180,274
179,553
Totals
£
46,666
46,317
210
46,527
139
349

Page 26

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15.
FIXED ASSET INVESTMENTS
Deposit accounts
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Deposit accounts opening balance
Deposit accounts movement in year
16.
STOCKS
Stocks
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income		 2024
£
101,136
2024
£
96,181
4,955
101,136
2024
£
9,523
2024
£
19,709
352
77
8,588
28,726
2024
£
9,184
1,964
-
1,620
59,513
**72,281 **		 2023
£
96,181
2023
£
92,167
4,014
96,181
2023
£
8,696
2023
£
23,581
167
-
8,407
32,155
2023
£
6,457
1,825
919
950
63,252
73,403

Accruals and deferred income include £55,009 (2023: £59,058) in respect of membership subscriptions and prepaid conference fees. Certain membership subscriptions are annual and are renewable at various times each year. Deferred income is released throughout the year on a monthly basis. Prepaid conference fees are released to income in the period when the conference is held.

Page 27

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
G Giles
G Hatch
Bowland Charitable Trust
Sam Costello
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
G Hatch
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
G Giles
G Hatch
Bowland Charitable Trust
Sam Costello
TOTAL FUNDS		 At 1/1/24
£
171,973
4,506
188
1,886
1,000
7,580
179,553
Incoming
resources
£
278,468
-
278,468
At 1/1/23
£
172,694
4,506
188
1,886
1,000
7,580
180,274		 Net
movement
At
in funds
31/12/24
£
£
(24,126)
147,847
-
4,506
(188)
-
-
1,886
-
1,000
(188)
7,392
(24,314)
155,239
Resources
Movement
expended
in funds
£
£
(302,594)
(24,126)
(188)
(188)
(302,782)
(24,314)
Net
movement
At
in funds
31/12/23
£
£
(721)
171,973
-
4,506
-
188
-
1,886
-
1,000
-
7,580
(721)
179,553

Page 28

THE ASSOCIATION OF TEACHERS OF MATHEMATICS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
271,143
271,143		 Resources
Movement
expended
in funds
£
£
(271,864)
(721)
(271,864)
(721)

The general fund represents the free funds of the charity which are not designated for particular purposes.

Restricted funds

The G Giles fund has been set up to support the costs of session leaders at conference giving lectures on the work done by Geoff Giles.

The G Hatch fund has been set up to support people who wish to attend conference but may have difficulty in meeting the full cost.

The Bowland Charitable Trust fund has been set up to develop Professional Development materials and to provide for their initial delivery in order to assist teachers with the pedagogy that the implementation of case studies requires.

The Bowland Charitable Trust fund project is a joint venture with The Mathematical Association. These financial statements only reflect income and expenditure relevant to the share of the Association of Teachers of Mathematics.

The Sam Costello fund relates to a legacy for research.

20. EMPLOYEE BENEFIT OBLIGATIONS

The total contributions paid to the charitable company's defined contribution pension scheme in the year for employees amounted to £5,675 (2023 - £5,393).

21. OTHER FINANCIAL COMMITMENTS

As at 31 December 2024 the charity had financial commitments totalling £22,471 (2023: £39,466). These relate to rents and service charges of £10,875 and other £11,596 and cover the period of the leases which are all repayable within five years.

22. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

23. ULTIMATE CONTROLLING PARTY

The Association is under the control of the Chair, Honorary Secretary and Treasurer, all of whom are members of the General Council.

Page 29