Family Education Trust Annual Report CC Accounts

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Registered No. 3503533 (England and Wales)Registered Charity No. 1070500

FAMILY EDUCATION TRUST(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORTAND

FINANCIAL STATEMENTSFOR THE YEAR ENDED 31ST DECEMBER 2010

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FAMILY EDUCATION TRUST(A COMPANY LIMITED BY GUARANTEE)TRUSTEES AND OTHER INFORMATION

Founder PresidentDirectors and Trustees

ChairmanVice ChairmanDirectorCompany SecretaryTreasurerOffice address

Auditors

Mrs V RichesMr A CornellMrs V RichesBetty, Lady GrantchesterDr J K GulyMr G E HesterDr J LimMr S J Ling FCADr T StammersMr A CornellMr G E HesterMr N WellsMr S J Ling FCAMr S J Ling FCAJubilee House, 19-21 High Street,Whit ton, Twickenham TW2 7LBLedger Sparks LimitedAirport HousePurley WayCroydonSurreyCR0 OXZ


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FAMILY EDUCATION TRUSTCONTENTS

Trustees' reportStatement of financial activitiesBalance sheet

Notes to the financial statementsAuditors' report

Page1-345

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FAMILY EDUCATION TRUST(A COMPANY LIMITED BY GUARANTEE)TRUSTEES' REPORTFOR THE YEAR ENDED 31 DECEMBER 2010

The Trustees have pleasure in presenting their report and financial statements for the year ended 31December 2010. The accounts have been prepared in accordance with the accounting polic ies setout in Note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association,the Companies Ac t 2006 and the Statement of Recommended Practice, "Accounting and Reportingby Charities", issued in March 2005.Structure, Governance and ManagementThe Charity is incorporated as a company limited by guarantee with a Memorandum and Articles ofAssociation.The Trustees during the year are listed on the preceding page.An Executive Committee , which includes all the Trustees, manages the Trust. In addition to theTrustees, the following were members of the Executive Committee during the year:Mrs A AllenMrs S CarterMrs A LinesMrs G WhiteMrs F WyattAll the members of the Executive Committee are members of the Company but have no beneficialinterest.Trustees and members of the Executive Committee are elected at the Annual General Meeting of theCompany and may serve for three years without being re-elected.The Trustees meet once every quarter and receive reports from Chairman; the Director, who isresponsible for the day to day running of the Charity, and from the Honorary Treasurer. There is oneother member of staff - a research and administrative assistant.There are no connected charities.The Trustees have reviewed the risks facing the Charity and taken appropriate steps to ensure thatthe effects of the occurrence of any risk are mitigated or eliminated.Statement of Trustees' ResponsibilitiesCompany and Charity law requires the Trustees to prepare financial statements for each financialyear which give a true and fair v iew of the state of affairs of the company and of the profit or loss ofthe company for that period. In preparing those financial statements, the Trustees are required to:- select suitable accounting pol ic ies and then apply them consistently;- make judgements and estimates that are reasonable and prudent ;- prepare the financial statements on the going concern basis unless it is inappropriate to presumethat the company will continue in operation.The Trustees are responsible for keeping proper accounting records which disclose with reasonableaccuracy at any time the financial position of the company and to enable them to ensure that thefinancial statements comply with the Companies Act 2006 and the Charities Act 1993. They are alsoresponsible for safeguarding the assets of the company and hence for taking reasonable steps for theprevention and detection of fraud and o ther irregularities.

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Objectives and ActivitiesThe principal objects of the Charity are:1. To establish, carry out and promote research into the family founded on marriage and to publishand disseminate information and data obtained therefrom.2. To establish, carry out and promote re search in to the social, medical and psychologicalconsequences of sexual behaviour and to publish and disseminate the information and dataobtained therefrom.

The Annual General Meeting and Conference featured addresses by His Honour Sir Paul Coleridgeon "The T ide of Marriage and Family Breakdown cannot be turned. Or can it?" and Dr Aric S igman on"The Spoilt Generation: Restoring adult authority in child development".The Trust continued to monitor trends in society affecting the family and the welfare of chi ldren andyoung people. During the course of the year, the Trust responded to several consultations andinquiries, including: ,

the Joint Committee on Human Rights Legislative Scrutiny Priorities for 2010; the Department for Children, Schools and Families consultation on Support for All: TheFamilies and Relationships Green Paper; the Specia l Rapporteur on the Right to Education at the Human Rights Council o f theUnited Nations on The Human Right to a Sexual Education; the Department for Children, Schools and Families consultation on Sex and Relationships

Education Guidance; the Independent Review of the Office of the Children's Commissioner; the National Institute for Health and Clinical Excellence Public Health Programme onContraceptive Services for Socially Disadvantaged Young People; the National Institute for Health and Clinical Excellence Public Health Guidance onPersonal, Social, Hea lth and Economic Educa tion focus ing on Sex and Relationships andAlcohol.

The Trust published four issues of the Family Bulletin, covering a range of issues related to the familyand the welfare of children and young people.In the summer, the Trust published a new leaflet for young people entitled What is Love? A copy ofthe leaflet was mailed to every secondary school in the UK, together with details of the Trust's otherpublications and materials.The Trust continued to offer advice and support to parents, teachers and school governors,particularly in relat ion to growing concern about the character of sex education provisuon in schools.Achievement and performanceThe achievements during the year are as outlined in the preceding section. The need for society tosupport the family unit is recognised by many commentato rs. The Trustees seek to increase theinfluence of our researched and well-informed approach insofar as can be achieved within the limits o fthe resources available to the Charity.


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Public benefitThe Trustees have had regard to the guidance published by the Charity Commissioners on the matterof public benefit. The objectives of the Trust are directed towards the improvement of Society throughbetter understanding of the advantages of and threats to the stability of family life, thereby benefitingsociety as a whole and young people in particular.Financial reviewThe Trust continues to opera te and fund its activities on the basis of donations, legacies, membershipsubscriptions and covenants as well as from the sale of educational literature.During 2010, income exceeded expenditure by 75,572 (2009 23,884). The Trust benefited from asingle generous donation of 50,000 , which qua lif ies for a tax refund under the gift a id scheme.Furthermore the value of the investment portfolio increased by 22,873 (2009 38,87 5 ). Investmentincome is showing the benefits of our policy of increasing our designated endowment fund on aregular basis.The Trustees seek to increase the Charity's reserves by at least 5,000 per annum out of normalactivities, and by the amount of any majo r grants or donations received specified or designated to befor endowment purposes, to a point at which basic running costs can be met from investment income.This would enable add it iona l research p ro jects to be undertaken on a regular bas is f rom annualdonations. To re flect th is aspiration, the T rustees have des igna ted par t of the reserves as anendowment fund, comprising the investments and certa in long term deposits. A further 60,000 (200933,104) was transferred to th is Fund during the year and it now stands at 373,388 (2009 290,515)after investment value changes. These funds are invested as part of our unrestricted funds.The Trustees have considered the most appropriate policy for investing funds and have found thatcommon investment funds for charities meet their requirements to generate both income and cap ita lgrowth. The Trustees consider that the long-term return on the investments is satisfactory.Plans for the futureThe T rus tees intend to continue to p romote the Charity's principal objects as se t out above bypublishing leaflets, reports and books on top ics that are of relevant and current interest and to monitorsocial and political trends and comment thereon in accordance with such objectsAuditorsEach of the Trustees has confirmed that there is no information of which they are aware which isrelevant to the audit, but of which the auditor is unaware. They have further confirmed that they havetaken appropriate steps to identify such relevant information and to establish that the auditors areaware of such information.This report was approved by the Board of Trustees and signed on their behalf.

Simon J. LingSecreta ry16 May 2011

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FAMILY EDUCATION TRUSTSTATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31ST DECEMBER 2010

Notes 2010 2009

Incoming resources from generated fundsDonations and grants 59,355 53,416Gift a ided donations 67,352 18,073Legacies - 12,483Income tax recoverable 17,427 4,675Other income 2,904 817Investment income 11,784 8,956

158,822 98,420Incoming resources from charitable activitiesSales and hire of videosSales of publications

389 -4,968 3,4795,357 3,479

Total incoming resources 164,179 101,899

Resources expendedDirect charitable expensesVideo production 214 70P rinting publications 3,445 3,074Research, premises and promotional costs 2 82,960 72,978

86,619 76,122Governance costs 3 1,988 1,893Total resources expended

Net income/(expenditure) for the yearStatement of other recognised gainsChange in market value of investmentsNet movement in fundsFund balances brought forward at 1 JanuaryFund balances carried forward

88,607 78,01575,572 23,884

22,873 38,87598,445 62,759

389,242 326,483

at 31 December 9 487,687 389,242

The notes on pages 6- 9 form part of these accounts

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FAMILY EDUCATION TRUSTBALANCE SHEETAS AT 31 DECEMBER 2010

Fixed assetsTangible assetsInvestmentsDeposits

Notes

56

2010 2009

549 732348,388 265,51581,288 65,966430,225 332,213

Current assetsStocksDebtorsBank balances 7

3,235 4,59720,319 5,79435,054 47,73158,608 58,122

Liabilities: amounts falling due 8 1,146 1,093within one yearNet current assetsTotal assets less current liabilities

57,462 57,029 487,687 389,242

The funds of the charity 9General fund 114,299 98,727Designated endowment fund 373,388 290,515 487,687 389,242

Approvo by the Board of Trustees on 16 May 2011 and signed half by:

Afth~r Cornell Simon J. Lin~f~ha rmafi - Hon Treasu er-1 1The notes on pages 6 - 9 form part of these accounts

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FAMILY EDUCATION TRUSTNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31ST DECEMBER 2010

I Accounting policies1.1 Accounting convention

The financial statements are prepared under the historical cost convention except for the inclusionof investments atmarket value, and in accordance with the Statement of Recommended Practicefor Charities.

1.2 Donations legacies and other volunta ry incomeIncome is included on the basis of amounts received, without accounting for amounts promised,pledged or accrued but not received, except for tax refunds due in respect of covenanted and gift aidincome received.

1.3 Tangible fixed assets and depreciationTangible fixed assets are stated at cost less depreciat ion. Depreciat ion is provided on OfficeEquipment at 25% per anum on the reducing balance in order to wri te o ff the cost less estimatedresidual value of each asset over its expected useful life.

1.4 InvestmentsFixed asset investments are stated at their open market value at the accounting date.1.5 Stock

Stock of publications and videos for resale is valued at the lower of cost and net realisable value.Cost comprises printing or reproduction costs only and excludes payments to authors or videoproduction costs.

1.6 Unrestricted fundsIncoming resources receivable or generated for the objects of the Charity without further specifiedpurpose are available as general funds.

1.7 Restricted fundsIncoming resources to be used for purposes specified by the donor. Expenditure which meets thecriteria is charged to the fund together with a fair allocation ofmanagement and support costs.

1.8 Designated fundsUnrestricted funds earmarked by the Trustees for specific purposes.

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2 Research, premises and promotional costs 2010 2009

Wages and National Insurance 53,543 50,801Rent, rates and other property expenses 11,226 8,993Travelling 146 185Telephone 808 769Stationery 1,999 1,179Postage 6,252 3,965General office expenses 2,088 905Conference expenses 2,552 1,794Advertising and promotion - -Printing bulletin 3,617 3,801Consultancy and research 256 380Sundries 473 206

3 Governance costs

Committee expensesInsuranceAudit feeLegalexpensesBank chargesDepreciation of equipment

82,960 72,9782010 2009

104 90502 427

1,199 1,133

183 243

1,988 1,8934 Staff costs

No trustees received any remunerat ion or reimbursement of expenses during the year2010 2009

Employment costsWages and salaries including Employer 's National Insurance contribut ions 53,543 50,801The average number of staff employed during the year was 2.00 2.00

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FAMILY EDUCATION TRUSTNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31STDECEMBER 2010

5 Tangible fixed assetsAt 1 JanuaryCost of disposalsAt 31 DecemberDepreciationAt 1 JanuaryCharge for the yearEliminated on disposalsAt 31 DecemberNet book valueAt 31 December

6 Fixed asset investments

Listed investmentsAt 1 JanuaryAdditionsChange in market valueMarket va lue at 31 DecemberHistorical cost at 31 December

7 Debtors

Debtors for sale of videos and publicationsRent depositTax recoverablePrepaid expenses

Office equipment 2,069 1,469

2,069 2,069

1,337' 1,094183 243

1.520 1,337

549 F-

2010

732

2009

265,515 176,35660,000 50,28422,873 38,875

348,388 265,515 292,822 232,822

2010 2009

567 182,012 2,01215,728 3,7642,012 -20,319 5,794

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8 Creditors: amount falling due within one yearAccruals

9 Analysis of funds and allocation of assets

1,146 1,093 1,14E 1,093

The Trustees have designated part of the general unrestricted funds to be an endowment fund, to beinvested on a long term bas is . T he income f rom these investments will be used primarily for thegovernance of the charity and then for general char itable purposes.The changes to the designated endowment fund for the year were as follows:as follows:

2010 2009

Transfer to/from General Fund 60,000 33,104Investment revaluation 22,873 38,875

Fund brought forwardFund carr ied forwardThe fund is now represented by the following assetsInvestmentsDeposits

The movements on Genera l Fund were as follows:Fund brought forwardNet income/(expenditure) for the year

Less transfer to designated endowment

82,873 71,979

290,515 218,536 373,388 290,515

348,388 265,51525,000 25,000

373,388 290,515

98,727 107,94775,572 23,884174,299 131,83160,000 33,104

114,299 98,727

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FAMILY EDUCATION TRUST(A COMPANY LIMITED BY GUARANTEE)INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF FAMILY EDUCATION TRUST

We have audited the accounts of Family Education Trust for the year ended 31 st December 2009 set out on pages4 to 8. These accounts have been prepared under the accounting policies set out on page 6.This report is made solely to the company's members, as a body, in accordance with Section 235 of the CompaniesAc t 2006. Our audit work has been undertaken so that we might state to the company's members those matterswe are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted bylaw, we do not accept or assume responsibi li ty to anyone other than the company and the company's membersAs described on page 1, the Trustees, who are a lso the directors of Family Education Trust for the purposesapplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountingand International Standards on Auditing (UK and Ireland).We report to you ou r opinion as to whether the accounts give a true and fair view and are proper ly prepared inaccordance with the Companies Act 2006 . We also report to you whether in ou r opin ion the information given in theTrustees Report is consistent with the accounts, if the Chari ty has not kept proper accounting records, if we have notreceived all the information and explanations we require for ou r audit, or if information specified by law regardingTrustees' remuneration and transactions with the Trust is not disclosed.We read other information contained in the Trustees' Report, and consider whether it is consistent with the auditedaccounts. We consider the implications for our report if we become aware of any apparent misstatements ormaterial inconsistencies with the accounts. Our responsibilities do not extend to other information.Basis of opinionWe conducted ou r audit in accordance with International Standards on Auditing (UK and Ireland) issued by theAuditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts anddisclosures in the accounts. It also includes an assessment of the significant estimates and judgements made by thetrustees in the preparation of the accounts, and of whether the accounting policies are appropr iate to the charity'scircumstances, consistently applied and adequately disclosed.We planned and performed ou r audit so as to obtain al l the information and explanations which we considerednecessary in order to provide us w ith sufficient evidence to give reasonable assurance as to whether the accountsare free f rom mater ia l misstatement, whether caused by fraud or other irregularity or error. In f orm ing our op in ion wealso evaluated the overa ll adequacy of the presentation of information in the accounts.OpinionIn our opinion:- the accounts give a true and fair view in accordance with United Kingom Generally Accepted AccountingPractice of the state of the Trust's affairs at 31 st December 2009 and of its incoming resources and

application of resources in the year then ended;- the account` havebeen properly prepared in accordance with the Companies Act 2006, and- the informiation given p the Trustees' Repo rt is consistent with the accounts.Ledgers Limited ~ 1~yH., 1 17 May 2011Cha rtered Ce rtified Acco nts Airpo rt House,Registered Auditor Pur ley Way, CroydonSurrey CR0 OXZ

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Family Education Trust Annual Report CC Accounts

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