| Page | |
|---|---|
| Trustees' Annual Report | 1-15 |
| Independent Auditors' Report | 16-19 |
| Consolidated Statement of Financial Activities | 20 |
| Balance Sheet | 21 |
| Consolidated Statement of Cash Flows | 22 |
| Notes to the Financial Statements | 23-41 |
| Company Number | 3890729 |
|---|---|
| Charity Number | 1080235 |
| Registered Office | Chancery Court, Belmont Business Park, Belmont, Durham,DH11 TW |
| Our advisors | |
| Bankers | National Westminster Bank,12Market Place, Durham,DH13NG |
| Solicitors/Legal issues | Ward Hadaway Law Firm, Sandgate House, 102 Quayside, NewcastleuponTyne, |
| NE13DX | |
| Auditors | Haines Watts,17Queens Lane, Newcastle upon Tyne,NE11RN |
| Investment Advisers | Ruffer LLP,80Victoria Street, London,SW1E 5JL |
| Scope | Risk | Impact Level | Likelihood |
|---|---|---|---|
| Short-term | • Impact to changesinpublishing •Membership retention and recruitment • Changes in education policy and funding/ Government policy e.g. fees • Conference Performance •Socio/ Political Climate •Diversity within the BSA • Management of journals including recruitment of editorial teams, citation rates, publisher relationships, peer reviewer exhaustion • Social media/ press coverage • IT infrastructure including cybersecurity •Trustee succession planning • Social media/ press coverage • Overseeing contractors e.g.IT,journals, media |
High High High High High High High High Medium Medium Medium High |
High High High High Medium Medium Medium Medium Medium Medium Medium Low |
| Medium-term | ~~•~~ Public face of sociology and the BSA •Reserves of the Association •Availability of trustees and Advisory Forum representatives • Positive working relationships within the BSA governance structure • Employee retention/recruitment/performance/ sickness/volunteers working relationships with staff •General Data Protection Regulation (GDPR) |
High High Medium Medium Medium High |
Medium Medium Medium Medium Medium Low |
| Long-term | ~~•~~ Study Groups |
Medium | Low |
| Notes | Unrestricted | Designated | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations | 3 | 230 | 230 | 47,771 | |
| Charitable activities | 4 | 287,827 | 28,780 | 316,607 | 220,020 |
| Other trading activities | 6 | 597,333 | 597,333 | 697,555 | |
| Investments | 5 | 48 | 48 | 2,266 | |
| Other | 31,489 | 31,489 | 6,890 | ||
| Total income | 916,927 | 28,780 | 945,707 | 974,502 | |
| Expenditure on: | |||||
| Raising funds | |||||
| Investment management costs | 6,057 | 6,057 | 5,124 | ||
| Other trading activities | 7.2 | 157,281 | 157,281 | 154,545 | |
| Charitable activities | 7.1 | 551,946 | 41,309 | 593,255 | 685,519 |
| Total expenditure | 715,284 | 41,309 | 756,593 | 845,188 | |
| Net income/(expenditure) before | |||||
| gain/(loss) on investment | 201,643 | (12,529) | 189,114 |
129,314 | |
| Transfers between funds | 18 | (364) | 364 | ||
| Net gain/(losses) on investments | 46,153 | 46,153 | 185,904 | ||
| Net income/ (expenditure) | 247,432 | (12,165) | 235,267 | 315,218 | |
| Net movement in funds | 247,432 | (12,165) | 235,267 | 315,218 | |
| Reconciliationoffunds: | |||||
| Total funds brought forward | 1,172,924 | 1,279,041 | 2,451,965 | 2,136,747 | |
| Total funds carried forward | 1,420,356 | 1,266,876 | 2,687,232 | 2,451,965 |
| Group | Charity | ||||
|---|---|---|---|---|---|
| Notes | 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible assets | 12 | 633,758 | 676,531 | 633,758 | 676,531 |
| Investments | 13 | 1,426,811 | 1,066,739 | 1,426,811 | 1,066,739 |
| 2,060,569 | 1,743,270 | 2,060,569 | 1,743,270 | ||
| Current assets | |||||
| Debtors | 14 | 412,929 | 542,639 | 67,552 | 92,582 |
| Cash at bank and in hand | 428,064 | 424,061 | 424,187 | 423,476 | |
| 840,993 | 966,700 | 491,739 | 516,058 | ||
| Creditors: amountsduewithin one year | 15 | ( 208,533 ) | ( 235,628 ) | ( 238,257 ) |
( 271,007 ) |
| Net current assets | 632,460 | 731,072 | 253,482 | 245,051 | |
| Total assets less current liabilities | 2,693,029 | 2,474,342 | 2,314,051 | 1,988,321 | |
| Creditors: amounts due more than | |||||
| one year | 16 | ( 5,796 ) | ( 22,377 ) |
( 5,796 ) |
(22,377) |
| Net assets | 2,687,233 | 2,451,965 | 2,308,255 | 1,965,944 | |
| Charity funds | |||||
| Unrestricted funds | 1,420,356 | 1,172,924 | 1,033,874 | 694,223 | |
| Designated funds | 1,266,876 | 1,279,041 | 1,274,381 | 1,271,721 | |
| 18 | 2,687,232 | 2,451 ,965 | 2,308,255 | 1,965,944 |
| Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Payments to acquire tangible fixed assets Payments to acquire investments Receipts from the sale of tangible fixed assets Receipts from sale of investments Dividends received Interest received Net cash flow from investing activities Net increaseincash and cash equivalents Cash and cash equivalents at the beginning of the year Notes 22 Cash and cash equivalents carried at the endofthe year Cash and cash equivalents consist of: Cash at bank and in hand Cash held with investment managers |
2021 £ 312,465 312,465 ( 14,567) 511,920) 144,043 19,976 48 362,420 (49,955) 496,291 446,336 428,064 18,272 446,336 |
2020 £ 270,222 270,222 (18,519) ( 137,661 ) 173,054 1,770 496 19,140 289,362 206,929 496,291 424,061 72,230 496,291 |
|
|---|---|---|---|
| ( |
| Income Gift aid from subsidiary company Expenditure Net gains/(losses) on investments Net income/(expenditure) 3. Income from donations Government grants Other donations 4. Income from charitable activities Membership income Conference income BSAAnnual Conference Medical Sociological Conference WESConference Other study group income 5. Investment income Bank interest Dividends received |
2021 £ 437,590 446,297 883,887 ( 587,729 ) 46,153 342,311 2021 £ 230 2021 £ 187,290 90,529 14,071 13,266 11,451 316,607 2021 £ 48 19,976 20,024 |
2020 £ 372,957 482,875 855,832 ( 690,643 ) 185,904 351,093 2020 £ 47,771 2020 £ 186,794 25,431 2,833 4,000 962 220,020 2020 £ 496 1,770 2,266 |
|---|---|---|
| Publications Rental income |
2021 £ 557,778 39,555 597,333 |
2020 £ 659,767 37,788 697,555 |
|---|---|---|
| Membership £ Staff costs 195,714 Membership service training Travel and subsistence 10,933 Office costs 77,391 Support fund Supplying_Network_to members Philip Abrahams prize Venue costs Study group expenditure Recruitment and training costs Special interest groups Marketing Miscellaneous Subscriptions Legal and professional Public relations Depreciation IrrecoverableVAT Property purchase costs Bank charges Governance 284,038 Conference/ Events £ 128,759 52,161 2,132 183,052 |
Support Costs £ 7,049 1,000 9,147 13,198 4,022 3,662 5,137 3,200 57,338 5,919 6,106 10,387 126,165 |
2021 £ 324,473 10,933 77,391 7,049 1,000 52,161 2,132 9,147 13,198 4,022 3,662 5,137 3,200 57,338 5,919 6,106 10,387 593,255 |
2020 £ 364,596 1,314 1,861 106,026 3,560 5,785 1,000 42,923 15,010 10 20,444 11,666 5,131 20,732 5,728 72,641 ( 4,787) 1,080 906 9,893 685,519 |
|---|---|---|---|
| Staff costs Rent, rates and water Committee meetings and travel Direct purchaseofmember copies Office costs IT costs Legal and professional fees Royalties payable Other costs 7.3 Governance costs Trustee expenses Audit 8. Net income for the year Net income is stated after charging(crediting): Depreciationoftangible fixed assets (Gain}/lossonfair value movement in investments 9. Auditor's remuneration Fees payable to the charity's auditors for the audit ofthe charity's annual accounts |
2021 £ 75,504 939 29,245 1,882 13,418 33,807 2,486 157,281 2021 £ 1,112 9,275 10,387 2021 £ 57,338 46,153 2021 £ 6,570 |
2020 £ 73,325 3,154 36,181 3,314 7,504 26,853 1,597 2,617 154,545 2020 £ 3,323 6,570 9,893 2020 £ 72,641 ( 80,904 ) 2020 £ 6,570 |
|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
|---|---|---|---|---|
| Number | Number | £ | £ | |
| Travel | 15 | 8 | 1,112 | 3,323 |
| Charitable activities Other trading activities The total staff costs and employee benefits was as follows: Wages and salaries Social security costs Pension costs |
2021 Number 9 2 11 |
2021 FTE 9 2 11 |
2020 Number 10 2 12 2021 £ 349,487 30,929 19,561 399,977 |
2020 FTE 10 2 12 2020 £ 319,199 36,055 28,921 384,175 |
|---|---|---|---|---|
| 12. | Tangible fixed assets | |||
|---|---|---|---|---|
| Group | Long | |||
| Leasehold | Equipment | Total | ||
| £ | £ |
£ | ||
| Cost | ||||
| At 1 January2021 | 777,076 | 244,710 |
1,021,786 | |
| Additions | 14,567 | 14,567 | ||
| Transfers | ||||
| At31December2021 | 777,076 | 259,277 |
1,036,353 | |
| Depreciation | ||||
| At 1 January2021 | 158,436 | 186,819 |
345,255 | |
| Charge for the period | 11,147 | 46,193 |
57,340 | |
| At31December2021 | 169,583 | 233,012 |
402,595 | |
| Net Book Values | ||||
| At31December2021 | 607,493 | 26,265 | 633,758 | |
| At31December 2020 | 618,640 | 57,891 |
676,531 | |
| Charity | Long | |||
| Leasehold | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2021 | 777,076 | 236,817 | 1,013,893 | |
| Additions | 14,567 | 14,567 | ||
| Transfers | ||||
| At31December2021 | 777,076 | 251,384 | 1,028,460 | |
| Depreciation | ||||
| At 1 January 2021 | 158,436 | 178,926 | 337,362 | |
| Charge for the period | 11,147 | 46,193 | 57,340 | |
| At31December2021 | 169,583 | 225,119 | 394,702 | |
| Net Book Values | ||||
| At31December2021 | 607,493 | 26,265 | 633,758 | |
| At31December 2020 | 618,640 | 57,891 | 676,531 |
| Group and Company | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Investment properties | 475,000 | 475,000 |
| Listed investments | 933,539 | 519,509 |
| Cash held with investment managers | 18,272 | 72,230 |
| 1,426,811 | 1,066,739 | |
| Listed | Investment | |
| investments | properties | |
| £ | £ | |
| Market value 1 January 2020 | 519,909 | 475,000 |
| Additions | 511,920 | |
| Disposals | (144,043) | |
| Net unrealised gain | 46,153 | |
| Market value31December2021 | 933,539 | 475,000 |
| Historical cost31December2021 | 828,978 | 475,000 |
| Turnover Costs Profit for the financial year Gift aid payment to parent Net assets Debtors 2021 £ Trade debtors 3,452 Prepayments and accrued income 394,518 Other debtors 14,959 412,929 |
Group 2020 £ 9,325 512,825 20,489 542,639 |
2021 2020 £ £ 557,779 659,767 ( 218,525 ) (212,767) 339,254 447,000 446,297 482,875 378,978 486,021 Charity 2021 2020 £ £ (1,730) 6,829 56,138 66,539 13,144 19,214 67,552 92,582 |
2021 2020 £ £ 557,779 659,767 ( 218,525 ) (212,767) 339,254 447,000 446,297 482,875 378,978 486,021 Charity 2021 2020 £ £ (1,730) 6,829 56,138 66,539 13,144 19,214 67,552 92,582 |
|---|---|---|---|
| 486,021 | |||
| Charity 2020 £ 6,829 66,539 19,214 92,582 |
| Trade creditors Accruals and deferred income Taxation and social security costs Other creditors Amounts due from subsidiary |
2021 £ 57,498 99,213 13,655 38,167 208,533 |
Group 2020 2021 £ £ 115,577 66,008 79,270 69,797 13,655 40,781 5,162 83,635 235,628 238,257 |
Charity 2020 £ 81,618 74,839 22,730 91,820 |
|---|---|---|---|
| 271,007 |
| Deferred Income At1 January2021 Released Deferred income from new sources At31December2021 |
£ 61,284 (61,284) 69,797 69,797 |
|---|---|
| Group | Charity | |||
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Pension liability | 5,796 | 22,377 | 5,796 | 22,377 |
| Present valuesofprovisions | ||||
|---|---|---|---|---|
| 31 | December 2021 | 31December 2020 | 31December 2019 | |
| £ | £ | £ | ||
| Present value of provision | 5,796 | 22,377 | 26,830 |
| Reconciliationofopening and closing provisions | ||
|---|---|---|
| Period Ending | Period Ending | |
| 31December2021 | 31December 2020 | |
| £ | £ | |
| Provision at start of period | 22,377 | 26,830 |
| Unwinding of the discount factor (interest expense) | 53 | 272 |
| Deficit contribution paid | ( 5,263) | ( 5,110 ) |
| Remeasurements - impact of any change in assumptions | (67) | 385 |
| Remeasurements - amendments to the contribution schedule | (11,304) | |
| Provision at end of period | 5,796 | 22,377 |
| Income and expenditure impact | |||
|---|---|---|---|
| Period Ending | Period Ending | ||
| 31December2021 | 31December 2020 | ||
| £ | £ | ||
| Interest expense | 53 | 272 | |
| Remeasurements - impact of any changeinassumptions | (67) | 385 | |
| Remeasurements - amendments to the contribution schedule | (11,304) | ||
| Assumptions | |||
| 31December | 2021 | 31December 2020 | 31December 2019 |
| %per annum | %per annum | %per annum | |
| Rate of discount | 1.18 | 0.27 | 1.13 |
| Year ended31December 2021 Balance at 1 January 2021 £ Unrestricted funds 1,172,924 Designated funds 1,279,041 2,451,965 Year ended31December 2020 Balance at 1 January 2020 £ Unrestricted funds 911,749 Designated funds 1,224,998 2,136,747 |
Transfer/ Balance at Investment31December Income Expenditure (loss)/gain 2021 £ £ £ £ 916,927 (715,284) 45,789 1,420,356 28,780 (41,309) 364 1,266,876 934,124 (745,010) 46,153 2,687,232 Transfer/ Balance at Investment31December Income Expenditure (loss)/gain 2020 £ £ £ £ 968,011 (787,434) 80,598 1,172,924 6,491 (57,754) 105,306 1,279,041 974,502 (845,188) 185,904 2,451,965 |
|---|---|
| Designated funds breakdown Balance at 1 January 2021 £ Study groups Ageing, Body&Society 3,729 Animal/Human 1,165 Auto Biography 5,508 Bourdieu Study Group 13,228 Childhood 151 Citizenship Climate Change 1,762 Consumption Digital Sociology 467 Disability 76 Disapora, Migration, Transnationalism 835 Education 569 Emotions 489 Family and Relationships 405 Food 11,160 Gender Study Group 456 Happiness 893 Historical and Comparative Sociology 205 Human Reproduction 2,105 Leisure&Recreation 75 Medical Sociological (Main) 75,431 Medical Sociological (Bristol&South West) 530 Medical Sociological (London) Medical Sociological (Mental Health) Medical Sociological (North East) 1,043 Medical Sociological (East Midlands) 253 Medical Sociological (North West) 394 Medical Sociological (Wales) Medical Sociological (Wes Midlands) 494 Medical Sociological (Yorkshire) 1,211 Medical Sociological (Scotland) 1,687 Medical Sociological (South Coast) ( 214 ) Medical Sociological (Environmental&Health) 989 Medical Sociological (Deconstruction Donation) 1,217 Medical Sociological (Applied Qualitative Health Research) 368 Media 763 Sociological, Psychoanalysis& Psychosocial 2,993 Balance carried forward 130,437 |
Transfer/ Balance at Investment31December Income Expenditure (loss)/gain 2021 £ £ £ £ (462) 3,267 1,165 3,337 ( 3,627 ) 5,218 13,228 151 1,762 467 76 835 569 489 405 4,235 ( 4,861 ) 10,534 456 893 205 430 2,535 130 205 13,961 (19,059) (50) 70,283 110 (200) 440 1,043 253 394 494 1,211 1,687 214 989 1,217 368 763 2,993 22,203 ( 22,886 ) (5,159) 124,595 |
|---|---|
| Balance at 1 January 2021 £ Balance brought forward 130,437 Post Colonial and Decolonial Transformations 50 Race and Ethnicity 141 Religion 18,994 NewMaterialisms 90 Risk 160 Science and Technology Studies 80 Scottish Studies 161 Sexual Division Sociology of the Arts 95 Sociology of Rights Social AspectsofDeath, Dying & Bereavement 2,903 Social Network Analysis Study Group (SNAG) 282 Sociology of Alcohol 1,627 Sport 1,328 Social Class Theory CITIES 78 Violence and Society 23 Violence against Women 1,546 Visual Study Group 209 WorkEmployment & Economic Life 366 Youth 1,929 Social Statistics 200 Weber WESConference 24,703 185,402 Property fund - London 285,639 Property fund - Durham 808,000 Strategic plan fund - SP8 CRM system Total designated funds 1,279,041 |
Transfer/ Balance at Investment31December Income Expenditure (loss)/gain 2021 £ £ £ £ 22,203 ( 22,886 ) (5,159) 124,595 50 462 603 5,562 ( 3,560 ) 4,861 25,857 90 160 80 161 95 565 3,468 282 40 1,667 1,328 200 200 410 410 78 23 1,546 209 366 1,929 200 24,703 28,780 ( 26,446 ) 364 188,100 ( 4,996 ) 280,643 ( 9,867 ) 798,133 28,780 (41,309) 364 1,266,876 |
|---|---|
| Year ended31December 2021 | Unrestricted | Designated | |
|---|---|---|---|
| Funds | Funds | Total | |
| £ | £ | £ | |
| Tangible fixed assets | 26,265 | 607,493 | 633,758 |
| Investments | 951,811 | 475,000 | 1,426,811 |
| Net current assets | 440,207 | 192,252 | 632,459 |
| Creditors due more than one year | (5,796 ) | ( 5,796) | |
| 1,412,487 | 1,274,745 | 2,687,232 | |
| Year ended31December 2020 | Unrestricted | Designated | |
| Funds | Funds | Total | |
| £ | £ | £ | |
| Tangible fixed assets | 57,892 | 618,639 | 676,531 |
| Investments | 591,739 | 475,000 | 1,066,739 |
| Net current assets | 545,670 | 185,402 | 731,072 |
| Creditors due more than one year | ( 22,377) | ( 22,377) | |
| 1,172,924 | 1,279,041 | 2,451,965 |
| Not later than one year Later than one and not later than five years |
2021 £ 1,548 2.450 3.998 |
Other 2021 £ |
|---|---|---|
| Not later than one year Later than one and not later than five years |
2021 £ 3,998 3,998 |
2020 £ 3,998 3,998 |
|---|---|---|
| econciliationofnet income to net cash inflow from operating | activities | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Net income for period | 235,268 | 315,218 |
| Dividends received | ( 19,976 ) | ( 1,770 ) |
| Interest receivable | (48) | (496) |
| Depreciation of tangible fixed assets | 57,340 | 72,641 |
| (Gains)/lossesoninvestments | ( 46,153 ) | (185,905) |
| (lncrease)/decrease in debtors | 129,710 | 310,343 |
| lncrease/(decrease) in creditors | ( 43,676) | (239,809) |
| Net cash flow from operating activities | 312,465 | 270,222 |
| 23. Comparative StatementofFinancial | Activities | |||
|---|---|---|---|---|
| Notes | Unrestricted | Designated | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Income from: | ||||
| Donations | 3 | 47,771 | 47,771 | |
| Charitable activities | 4 | 213,529 | 6,491 | 220,020 |
| Other trading activities | 6 | 697,555 | 697,555 | |
| Investments | 5 | 2,266 | 2,266 | |
| Other | 6,890 | 6,890 | ||
| Total income | 968,011 | 6,491 | 974,502 | |
| Expenditure on: | ||||
| Raising funds | ||||
| Investment management costs | 5,124 | 5,124 | ||
| Other trading activities | 7.2 | 154,545 | 154,545 | |
| Charitable activities | 7.1 | 627,765 | 57,754 | 685,519 |
| Total expenditure | 787,434 | 57,754 | 845,188 | |
| Net income/(expenditure) before | ||||
| gain/(loss) on investment | 180,577 | (51,263) | 129,314 |
|
| Net gain/(losses)oninvestments | 185,904 | 185,904 | ||
| Net income/ (expenditure) | 366,481 | (51,263) | 315,218 |
|
| Transfers between funds | 18 | ( 105,306 ) | 105,306 |
|
| Net movement in funds | 261,175 | 53,043 | 315,218 | |
| Reconciliationoffunds: | ||||
| Total funds brought forward | 911,749 | 1,224,998 | 2,136,747 | |
| Total funds carried forward | 1,172,924 | 1,279,041 | 2,451,965 |