Association for Citizenship Teaching
(A registered charity in England and Wales)
Un-audited financial statements for the Year Ended 31 March 2014
Charity Number: 1100180
1
Prepared by ExcluServ Ltd
r ended 31 March 2014
Association for Citizenship Teaching
Statement of Financial Activities for the year ended 31 March 2014
Notes
Unrestricted
Funds
2014
Restricted
Funds
2014
Total Funds
2014
Total Funds
2013
£
£
£
£
Incoming Resources
Incoming resources from
generated funds:
Investment income
2
205
-
205
418
23,555
104,003
127,558
138,951
6,887
-
6,887
9,672
11,741
-
11,741
20,596
42,388
104,003
146,391
169,637
Incoming resources from
charitable activities
Citizenship Project Income
Conferences
Membership Subscriptions
Total Incoming Resources
Resources Expended
Cost of generating funds
3
44,618
-
44,618
49,034
Charitable activities
3
47,775
106,018
153,793
180,625
Governance costs
3
4,586
-
4,586
3,237
96,979
106,018
202,997
232,896
(54,591)
(2,015)
(56,606)
(63,259)
-
-
-
-
(54,591)
(2,015)
(56,606)
(63,259)
120,393
17,781
138,174
201,433
65,802
15,766
81,568
138,174
Total Resources Expended
Net Expenditure for the year
Transfer of funds
Net movement of funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
The statement of financial activities includes all gains and losses in the year. All incoming resources
and resources expended derive from continuing activities.
2
Prepared by ExcluServ Ltd
Balance Sheet as at 31 March 2014
Association for Citizenship Teaching
Balance Sheet as at 31 March 2014
(Charity number 1100180)
2014
Notes
£
2013
£
£
Fixed Assets
Tangible assets
8
263
468
Current Assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling
due within one year
9
20,355
1,395
10
75,742
150,790
96,097
152,185
14,792
14,479
11
Net Current Assets
81,305
Net Assets
81,305
137,706
81,568
138,174
Unrestricted Funds
12
65,802
120,393
Restricted Funds
12
15,766
17,781
81,568
138,174
Total Funds
Approved by the Board of Trustees on ………………………… and signed on their behalf by:
Michael Raftery
Chairman
3
Gordon Mattocks
Treasurer
Prepared by ExcluServ Ltd
Notes forming part of the Financial Statements for the Year ended
31 March 2014
1) Accounting Policies
The financial statements have been prepared under the historical cost convention, and in
accordance with applicable accounting standards and the Statement of Recommended
Practice, “Accounting and Reporting by Charities”, issued in March 2005, the Charities Act
2011 and in accordance with the Financial Reporting Standard for Smaller Entities (effective
April 2008).
SORP 2005 provides a number of concessions for smaller charities that are not subject to a
statutory audit. Association for Citizenship Teaching falls within this category and has taken
advantage of these concessions (as set out in SORP 2005, Appendix 5.3).
The following are the accounting policies which have applied in dealing with material items.
Incoming resources
Grants are recognised in the accounts when receivable and allocated to restricted or
unrestricted funds as specified by the donor.
Income from conference fees is included as income from activities in furtherance of the
charity's objectives. Where a conference has not taken place by the year end, the related
income is deferred to the period in which it is held.
Subscription income is recognised upon receipt from the member, whereupon the invoice for
the fee is raised. Subscription to the charity's magazine includes membership of ACT.
Resources expended
Expenditure is recognised on an accruals basis when a liability occurs. Expenditure includes
VAT which cannot be recovered and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities. It includes both costs that can be allocated directly to these activities and indirect
costs which are necessary to support them.
Governance costs include those costs associated with meeting the constitutional and
statutory requirements of the charity and include independent examiner's fees and costs
linked to the strategic management of the charity.
Taxation
The company is a charitable institution with exemption from UK taxation.
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Prepared by ExcluServ Ltd
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Assets with a cost of £250 or more
are capitalised. Depreciation is provided at rates calculated to write off the cost less
estimated residual value of each asset over its expected useful life, as follows:
Information Technology
Office Equipment
33.33% on cost
20% on cost
Pensions
The charity pays into defined contribution personal pension schemes on behalf of its
employees. The charity has no further responsibility to its employees regarding pensions.
Funds
Restricted funds are used for the specific purpose laid down by the donor. Expenditure
which meets these conditions is charged to the fund.
Unrestricted funds are other incoming resources receivable or generated for the objectives
of the charity without further specified purpose and are available as general funds.
2) Investment Income
Unrestricted Restricted
£
Interest receivable
5
£
2014 Total
2013 Total
£
£
205
-
205
418
205
-
205
418
Prepared by ExcluServ Ltd
£
£
Governance
Membership
& Journal
Projects
£
Conferences
Direct Costs
Cost of
Generating
Funds
Basis of
Allocation
3) Total Resources Expended
£
£
2014
Totals
2013
Totals
£
£
Publishing Costs
Direct
-
240
3,800
-
-
4,040
7,433
Consultancy Fees
Direct
18,788
27,758
500
-
-
47,046
31,113
Event Costs
Direct
-
15,900
-
4,188
-
20,088
2,049
Independent Examiner's Fees
Direct
-
-
-
-
3,660
3,660
2,340
18,788
43,898
4,300
4,188
3,660
74,834
42,935
Total Direct Costs
Support Costs
Staff Costs
Staff Time
-
47,965
14,819
3,039
-
65,823
57,083
Contract Labour
Staff Time
20,115
288
454
52
-
20,909
56,438
Premises
Staff Time
2,063
2,562
854
854
-
6,333
10,000
Communications
Staff Time
576
44
1,549
1
-
2,170
2,596
General Office
Staff Time
(263)
3,491
4,597
875
-
8,700
11,397
Travel
Staff Time
1,403
17,804
699
1,444
926
22,276
41,193
Website Costs
Staff Time
1,857
-
-
-
-
1,856
11,161
Other Finance Costs
Staff Time
11
-
-
-
-
11
22
Bank Charges
Staff Time
68
9
6
2
-
85
71
Total Support Costs
25,830
72,163
22,978
6,267
926
128,163
189,961
Total Resources Expended
44,618
116,061
27,278
10,455
4,586
202,997
232,896
Allocations are based on time spent by employees.
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Prepared by ExcluServ Ltd
4)
Act
ivities undertaken directly
Unrestricted
£
Depreciation
Restricted
£
Total
2014
£
Total
2013
£
205
-
205
147
Travel & Subsistence
3,982
17,366
21,348
40,293
Venue Hire
2,414
15,870
18,284
-
Catering Cost
Event Costs
1,774
-
30
-
1,804
-
2,049
Wages & Salaries
10,587
48,480
59,067
50,504
Employer's Pension
1,545
-
1,545
1,545
Employer's NI
5,211
-
5,211
5,034
Contract Labour
20,745
163
20,908
56,438
Consultancy Fees
26,875
20,170
47,045
31,113
567
-
567
601
4,625
1,708
6,333
10,000
Telephone & Facsimile
247
-
247
250
Email & Internet
275
-
275
Website Costs
1,857
-
1,857
11,161
Postage & Delivery
1,603
45
1,648
2,347
Promotions and Print
5,855
262
6,117
4,991
Publishing Costs
3,800
240
4,040
7,433
Insurance
(314)
1,658
1,344
1,450
76
9
85
71
11
453
92,393
17
106,018
11
470
198,411
22
4,210
229,659
Subscriptions
Rent & Service
Bank Charges
Other Finance Costs
General Office Costs
7
Prepared by ExcluServ Ltd
5)
Em
ployee Remuneration
Payroll Details:
2014
2013
£
£
Wages and Salaries
59,067
50,504
Social Security Costs
5,211
5,034
Other Pension Costs
1,545
1,545
65,823
57,083
No employee received emoluments of more than £60,000 (2013: None)
The average number of employees during the year, calculated on the basis of full time
equivalents, was as follows:
2014
2013
Number
Number
Project workers
2
2
Admin and Support
-
-
Total
2
2
6) Trustee Remuneration
None of the trustees (or any person connected with them) received any remuneration or
expense reimbursements during the year.
ACT had taken out indemnity insurance at an annual cost of £320 to cover all trustees
(2012: £286).
7) Taxation
As a charity, Association for Citizenship Teaching is exempt from tax on income and gains
falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains
Act 1992 to the extent that these are applied to its charitable objects. No tax charges have
arisen in the Charity.
8
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8) Tangible Fixed Assets
Information
Technology
Office
Equipment
Total
£
£
£
Cost:
At 1 April 2013
8,672
409
9,081
Additions
At 31 March 2014
8,672
409
9,081
8,203
409
8,612
205
-
205
8,409
409
8,818
At 31 March 2014
263
-
263
At 31 March 2013
468
-
468
Accumulated Depreciation
At 1 April 2013
Charge for the year
At 31 March 2014
Net book value
9) Debtors
2014
2013
£
Trade debtors
£
980
598
Prepayments and accrued income
19,375
797
Total
20,355
1,395
10) Cash at bank and in hand
2014
£
2013
£
Unity Trust Bank Accounts
75,742
150,790
Total
75,742
150,790
9
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11) Creditors: Amounts Falling Due within One Year
2014
2013
£
£
Trade Creditors
9,231
8,569
Accruals and deferred income
3,000
2,340
PAYE NI payable
1,337
3,223
Other Creditors
1,224
347
14,792
14,479
Total
No income was deferred at the end of the year (2013: Nil).
12) Movement in Funds
At 1 April
2013
Incoming
Resources
Outgoing
Resources
Transfers
At 31 March
2014
£
£
£
£
£
Restricted Funds
Five Nations Network
9,000
81,929
75,507
-
15,422
CEdAR Project (Lebanon)
8,781
22,074
30,511
-
344
17,781
104,003
106,018
-
15,766
120,393
42,388
96,979
-
65,802
Unrestricted Funds
*Five Nations Network – ACT is the coordinating body of the Five Nations Network, a unique
forum sharing practice in education for citizenship and values in England, Ireland, Northern
Ireland, Scotland and Wales.
*CEdAR Project (Lebanon) – is a 30 month education development project to evaluate the
Citizenship in Lebanon. The project is funded by the EU and undertaken in partnership with
the Institute of Education in London.
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13) Analysis of net assets between funds
Fund balances at 31 March 2014 are represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one year
Unrestricted
funds
£
Restricted
funds
£
Total
263
80,331
(14,792)
65,802
15,766
15,766
263
96,097
(14,792)
81,568
£
14) Related Party Transactions
There were no related party transactions recorded in the period.
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