4. Taxation Analysis of the tax charge The company is a registered charity and is exempt from UK Corporation Tax under section 486 of the Corporation Tax Act 2010.


5. Debtors: Amounts falling due within one year 31.12.18 31.12.17 £


£ Other debtors 6. Creditors: Amounts Falling Due Within One


31.12.18 31.12.17 £


£ Creditors & Accruals 7. Reserves


Income Other Totals and reserves


expenditure account £


At 1 January 2018 Surplus for the year


At 31 December 2018 £ £


346,271 2,460 348,731 56,590


1 56,591 402,861 2,461 405,322


8. Trustee Expenses During the year total expenses of £2,655 were met by the charity for nine of the eleven trustees. The expenses reimbursed to the Trustees were in respect of travel expenses which were incurred to enable Trustees to attend meetings held in furtherance of the charity’s work.


9. Related Party Transactions There have been no related party transactions during the year ended 31 December 2018.


10. Employee Benefi ts There are no employees who received employee benefi ts of more than £60,000.


11. Staff Employed There was an average number of fi ve staff employed during the year ended 31 December 2018.


14,274 9,983


Expenditure Publishing including IT & Offi ce Equipment


Journal including IT & Offi ce Equipment


Head Offi ce Rent


Head Offi ce IT & Offi ce Equipment


Head Offi ce Sundry Expenses Telephone


Postage, Stationery & Printing


External Accountants Fees Creative Initiatives Europe FTA


Registration Committee CRED Committee Other Committees


UKCP registration Fees & Costs


Memberships, Training & Conferences Insurance


Bank Charges


Travel & Venue Costs Conference & AGM


Net Surplus for the Year 8,139 5,823


Detailed Income and Expenditure Account for the Year Ended 31 December 2018


31.12.18 £


Turnover AFT Membership, Context & JOFT Subscriptions


Context Advertising & General Sales Income Registration Fees Accreditations


Interest Received Other Income


222,308


31,367 9,610


17,616 2,395 4,810


288,106


31.12.17 £


190,040


35,319 10,705 13,653 2,739 3,668


256,124


58,815 2,095


Head Offi ce Administration 97,355 10,976


1,984


1,481 6,189


3,154 720


2,131 1,380 3,412


12,535 8,667


950


4,312 448 616


14,843 (547)


231,516 56,590


60,472 4,613


91,570 8,609


386


1,695 6,643


3,648 720


1,000 876


5,770


13,540 7,080


950


2,106 871 390


11,202 13,508


235,649 20,475


54


Context 164, August 2019


Report of the Directors and Unaudited Financial Statements for the Year Ended 31 December 2018


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