2022-12-31-accounts - The British Sociological Association

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			Page
Trustees' Annual Report			1 —15
Independent	Auditors' Report		16—19
Consolidated	Statement	of Financial Activities	20
Balance Sheet			21
Consolidated	Statement	ofCash Flows	22
Notes to the	Financial Statements		23-43

REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS
Company Number	3890729
Charity Number	1080235
Registered Office	Chancery Court, Belmont	Business	Park, Belmont,	Durham,		DH1 1TW
Our advisors
Bankers	National Westminster Bank, 12 Market Place, Durham,				DH1	3NG
Solicitors/Legal issues	Ward Hadaway Law Firm,	Sandgate	House, 102Quayside,			Newcastle	upon Tyne,
	NE1 3DX
Auditors	Haines Watts, 17Queens	Lane, Newcastle upon Tyne,			NE1	1RN
Investment Advisers	Ruffer LLP, 80Victoria Street, London, SW1E5JL

Scope	Risk					Impact Level	Likelihood
Short-term	~	Impact to changes in publishing				High	High
	~	Membership retention and recruitment				High	High
	~	Changes in education policy and funding/	Government		policy	High	High
		e.g. fees
	~	Conference Performance				High	Medium
	~	Socio/ Political Climate				High	Medium
	e	Diversity within the BSA				High	Medium
	~	Management ofjournals including recruitment		of editorial		High	Medium
		teams, citation rates, publisher relationships,		peer reviewer
		exhaustion
	~	Trustee succession planning				Medium	High
	~	Social media/ press coverage				Medium	Medium
	~	IT infrastructure including cybersecurity				Medium	Medium
	~	Overseeing contractors e.g. IT,journals,	media			High	Low
Medium-term	~	Public face ofsociology and the BSA				High	Medium
	e	Reserves ofthe Association				High	Medium
	~	Availability oftrustees and Advisory Forum representatives				Medium	High
	~	Positive working relationships within the	BSA	governance		Medium	Medium
		structure
		Employee retention/recruitment/performance/				Medium	Medium
		sickness/volunteers working relationships	with	staff
	~	General Data Protection Regulation (GDPR)				High	Low
	~	Recruitment of new CEO				High	Low
Long-term	~	Study Groups				Medium	Low

		Notes	Unrestricted	Designated
			Funds	Funds	2022	2021
			F	F	E	f
Income from:
Donations			25		25	230
Charitable activities			280,817	106,077	386,894	316,607
Other trading activities			656,067		656,067	597,333
Investments			5,489		5,489	48
Other			5,459	1,356	6,815	31,489
Total income			947,857	107,433	1,055,290	945,707
Expenditure on:
Raising funds
Investment management	costs		6,515		6,515	6,057
Other trading activities		7.2	148,593		148,593	157,281
Charitable activities		7.1	611,094	123,785	734,879	593,255
Total expenditure			766,202	123,785	889,987	756,593
Net income/(expenditure)	before
gain/(loss) on investment			181,655	(16,352)	165,303	189,114
Transfers between funds		18	(220,000)	220,000
Net gain/(losses) on investments			19,436		19,436	46,153
Net income/ (expenditure)			(18,909)	203,648	184,739	235,267
Net movement in funds			(18,909)	203,648	184,739	235,267
Reconciliation offunds:
Total funds brought forward			1,420,356	1,266,876	2,687,232	2,451,965
Total funds carried forward			1,401,447	1,470,524	2,871,971	2,687,232

						Group		Charity
				Notes	2022f	2021 f	2022 f	2021
Fixed assets
Tangible assets				12	605,954	633,758	605,954	633,758
investments				13	1,443,879	1,426,811	1,443,879	1,426,811
					2,049,833	2,060,569	2,049,833	2,060,569
Current assets
Debtors				14	448,033	412,929	46,412	67,552
Cash at bank and	in	hand			535,625	428,064	529,573	424,187
					983,658	840,993	575,985	491,739
Creditors: amounts		due	within one year	15	(158,438 )	(208,533 )	(201,549 )	(238,257)
Net current assets					825,220	632,460	374,436	253,482
Total assets less	current		liabilities		2,875,053	2,693,029	2,424,269	2,314,051
Defined benefit pension			liability	16	(3,082 )	(5,796 )	(3,082 )	(5,796)
Net assets					2,871,971	2,687,233	2,421,187	2,308,255
Charity funds
Unrestricted funds					1,401,447	1,420,356	950,663	1,033,874
Designated funds					1,470,524	1,266,876	1,470,524	1,274,381
				18	2,871,971	2,687,232	2,421,187	2,308,255

		Notes
			2022	2021
Cash flow from operating activities		22	97,214	312,465
Net cash flow from operating activities			97,214	312,465
Cash flow from investing activities
Payments to acquire tangible fixed assets			( 11,773)	( 14,567)
Payments to acquire investments			( 456,338)	( 511,920)
Receipts from the sale oftangible fixed assets
Receipts from sale of investments			466,742	144,043
Dividends received			19,976	19,976
Interest received			48	48
Net cash flow from investing activities			18,655	362,420
Net increase in cash and cash equivalents			115,869	(49,955)
Cash and cash equivalents at the beginning	ofthe year		446,336	496,291
Cash and cash equivalents carried at the	end ofthe	year	562,205	446,336
Cash and cash equivalents consist of:
Cash at bank and in hand			535,625	428,064
Cash held with investment managers			26,580	18,272
			562,205	446,336

					2022	2021
					F	F
	Income				495,637	437,590
	Gift aid from	subsidiary		company	339,254	446,297
					826,922	883,887
	Expenditure				(741,394)	(587,729)
	Net gains/(losses)		on investments		19,432	46,153
	Net income/(expenditure)				112,929	342,311
3.	Income from donations
					2022	2021
					F	F
	Other donations				25	230
4.	Income from charitable			activities
					2022	2021
					F
	Membership	income			189,883	187,290
	Conference	income
	BSAAnnual Conference				90,549	90,529
	Medical Sociological Conference				82,486	14,071
	WES Conference				2,000	13,266
	Other study	group income			21,976	11,451
					386,894	316,607
5.	Investment	income
					2022	2021
					F	F
	Bank interest				1,338	48
	Dividends received				4,151	19,976
					5,489	20,024

Other trading income
	2022	2021
	F
Publications	620,211	557,778
Rental income	35,856	39,555
	656,067	597,333

Analysis of	exp	enditure on charitable	activities
				Conference/	Support
			Membership	Events	Costs	2022	2021
			F			F	F
Staff costs			230,968	121,298		352,266	324,473
Travel and subsistence			4,367			4,367	10,933
Office costs			114,771			114,771	77,391
Support fund			5,414			5,414
Supplying Network to members				3,240		3,240	7,049
Philip Abrahams		prize					1,000
Venue costs				110,256		110,256	52,161
Study group	expenditure				16,908	16,908	11,279
Recruitment	and	training costs			10,980	10,980
Special interest		groups			8,000	8,000	300
Marketing					2,386	2,386	13,198
Miscellaneous					3,050	3,050	3,722
Subscriptions					3,667	3,667	3,662
Legal and professional					17,955	17,955	5,137
Public relations					21,216	21,216	3,200
Depreciation					38,840	38,840	57,338
Irrecoverable	VAT				4,790	4,790	5,919
Bank charges					6,883	6,883	6,106
Governance					9,890	9,890	10,387
			355,520	234,794	144,565	734,879	593,255

7.2	Analysis of	Analysis of	expenditure	expenditure	on other	on other	trading	activities
									2022	2021
									F	E
	Staff costs								88,816	75,504
	Committee	meetings		and travel					3,186	939
	Direct purchase of member copies								29,198	29,245
	Office costs								1,411	1,882
	ITcosts								16,210	13,418
	Legal and professional			fees					6,872	33,807
	Other costs								2,900	2,486
									148,593	157,281
7.3	Governance	costs
									2022	2021
										f
	Trustee expenses								430	1,112
	Audit								9,460	9,275
									9,890	10,387
8.	Net income	for the year
	Net income	is stated after charging(crediting):
									2022	2021
									F	F
	Depreciation		of tangible		fixed assets				38,840	57,338
	(Gain)/loss	on fair value			movement		in investments		(19,436)	46,153
9.	Auditor's remuneration
									2022	2021
									E	f
	Fees payable		to the charity's			auditors for the		audit
	ofthe charity's		annual	accounts					9,460	6,570

The reimbursement oftrustee expe	nses was as follows:
	2022	2021	2022	2021
	Number	Number	E	E
Travel	13	15	430	1,112

			2022	2022	2021	2021
			Number	FTE	Number	FTE
Charitable activities
Other trading	activities
			10	10	11
The total staff	costs and employee	benefits was as follows:
					2022	2021
					E	F
Wages and salaries					393,966	422,811
Social security	costs				30,940	30,929
Pension costs					26,093	25,683
					450,999	475,481

Tangible fixed assets
Group	Long
	Leasehold	Equipment	Total
			E
Cost
At 1 January 2022	777,076	259,277	1,036,353
Additions		11,773	11,773
Disposals		(3,790)	(3,790)
At 31 December 2022	777,076	267,260	1,044,336
Depreciation
At 1 January 2022	169,583	233,012	402,595
Charge for the period	14,894	23,946	38,840
Depreciation on disposal		(3,053)	(3,053)
At 31 December 2022	184,477	253,905	438,382
Net Book Values
At 31 December 2022	592,599	13,355	605,954
At 31 December 2021	607,493	26,265	633,758

y	Long
	Leasehold	Equipment	Total
		F
Cost
At 1 January 2022	777,076	251,384	1,028,460
Additions		11,773	11,773
Disposals		(3,790)	(3,790)
At 31 December 2022	777,076	259,367	1,036,443
Depreciation
At 1 January 2022	169,583	225,119	394,702
Charge for the period	14,894	23,946	38,840
Depreciation on disposal		(3,053)	(3,053)
At 31 December 2022	184,477	246,012	430,489
Net Book Values
At 31 December 2022	592,599	13,355	605,954
At 31 December 2021	607,493	26,265	633,758

Group and Company
		2022	2021
		F	F
Investment properties		475,000	475,000
Listed investments		942,299	933,539
Cash held with investment	managers	26,580	18,272
		1,443,879	1,426,811
		Listed	Investment
		investments	properties
		F	F
Market value 1 January 2022		933,539	475,000
Additions		456,338
Disposals		(466,742)
Net unrealised gain		19,164
Market value 31 December	2022	942,299	475,000
Historical cost 31 December	2022	845,359	475,000

A summary of t Companies.	he tra	ding results is shown below. Audit	ed financial statem	ents will be	filed with the	Registrar o
					2022	2021
					F
Turnover					620,211	557,779
Costs					(209,241)	( 218,525)
Other operating	income				60
Interest receivable					30
Profit for the financial		year			411,060	339,254
Gift aid payment	to parent				339,254	446,297
Net assets					450,784	378,978
Debtors
				Group		Charity
			2022	2021	2022	2021
				F	F	F
Trade debtors			2,369	3,452	2,369	(1,730)
Prepayments and accrued income			442,042	394,518	40,961	56,138
Other debtors			3,622	14,959	3,082	13,144
			448,033	412,929	46,412	67,552
Creditors: Amounts		falling due within one year
				Group		Charity
			2022	2021	2022	2021
			F	F		F
Trade creditors			16,658	57,498	16,824	66,008
Accruals and deferred		income	113,988	99,213	82,689	69,797
Taxation and social security costs			7,843	13,655	7,843	13,655
Other creditors			19,949	38,167	5,027	5,162
Amounts due from subsidiary					89,166	83,635
			158,438	208,533	201,549	238,257

Present values	of provisi	ons
				31 December		2022	31 December 2021	31 December 2020
							f
Present value of provision						3,082	5,796	22,377
Reconciliation	of opening	and	closing	provisions
							Period Ending	Period Ending
							31 December 2021	31 December 2021
								E
Provision at start ofperiod							5,796	22,377
Unwinding ofthe discount		factor (interest		expense)			62	53
Deficit contribution paid							( 2,689)	(5,263 )
Remeasurements	—impact	ofany change		in assumptions			(85)	(67)
Remeasurements	—amendments		to the contribution		schedule			(11,304)
Provision at end	of period						3,084	5,796

Income and expenditure	Income and expenditure	impact
							Period Ending	Period Ending
							31 December 2022	31 December 2021
							F
Interest expense							62	53
Remeasurements	—impact	ofany	change	in assumptions			(85)	(67)
Remeasurements	—amendments		to the contribution		schedule			(11.304)
Assumptions
				31	December	2022	31 December 2021	31 December 2020
					%per annum		%per annum	%per annum
Rateofdiscount						4.56	1.18	0.27

Year ended	31December 2022	Balance at			Transfer/	Balance at
		1 January			Investment	31 December
		2022	Income	Expenditure	(loss)/gain	2022
			F	F
Unrestricted	funds	"I,420,356	947,857	(766,202)	(200,564)	1,401,447
Designated	funds	1,266,876	107,433	(123,785)	220,000	1,470,524
		2,687,232	1,055,290	(889,987)	19,436	2,871,971
Year ended	31December 2021	Balance at			Transfer/	Balance at
		1 January			Investment	31 December
		2021	Income	Expenditure	(loss)/gain	2021
		F	F	F	F	F
Unrestricted	funds	1,172,924	916,927	(715,284)	45,789	1,420,356
Designated	funds	1,279,041	28,780	(41,309)	364	1,266,876
		2,451,965	934,124	(745,010)	46,153	2,687,232

Desi nated funds breakdown	Desi nated funds breakdown	Desi nated funds breakdown		Balance at	Balance at			Transferl	Transferl	Balance at
				1	January			Investment		31 December
					2022	Income F	Expenditure	(loss)/gain	f	2022
Study groups
Ageing, Body 8 Society					3,267					3,267
Animal/Human					1,165	40				1,205
Auto Biography					5,218	14,416	(12,793)			6,841
Bourdieu Study Group					13,228	350	(2,494)			11,084
Childhood					151					151
Citizenship
Climate Change					1,762					1,762
Consumption						70				70
Digital Sociology					467					467
Disability					76					76
Disapora, Migration,	Transnationalism				835					835
Education					569	1,235	(452)			1,352
Emotions					489					489
Family and Relationships					405					405
Food					10,534					10,534
Gender Study Group					456					456
Happiness					893					893
Historical and Comparative		Sociology			205					205
Human Reproduction					2,535	488	(766)			2,257
Leisure 8 Recreation					205	205				410
Medical Sociological	(Main)				70,283	82,736	(90,124)			62,895
Medical Sociological	(Bristol 8 South			West)	440	240				680
Medical Sociological	(London)
Medical Sociological	(Mental		Health)
Medical Sociological	(North	East)			1,043					1,043
Medical Sociological	(East Midlands)				253					253
Medical Sociological	(North	West)			394					394
Medical Sociological	(Wales)
Medical Sociological	(West	Midlands)			494					494
Medical Sociological	(Yorkshire)				1,211					1,211
Medical Sociological	(Scotland)				1,687					1,687
Medical Sociological	(South	Coast)
Medical Sociological	(Environmental			8 Health)	989					989
Medical Sociological	(Deconstruction			Donation)	1,217					1,217
Medical Sociological	(Applied		Qualitative
Health Research)					368					368
Media					763					763
Sociological, Psychoanalysis			8
Psychosocial					2,993					2,993
Balance carried forward					124,595	99,780	(106,629)			117,746

			Balance at	Balance at			Transfer/	Balance at
			1	January			Investment	31 December
				2022 F	Income F	Expenditure E	(loss)/gain E	2022 f
Balance brought forward				124,595	99,740	(106,629)		117,746
Post Colonial and Decolonial Transformations				50	340	(204)		186
Race and Ethnicity				603				603
Religion				25,857	5,695	(1,020)		30,532
New Materialisms				90				90
Risk				160				160
Science and Technology			Studies	80	10			90
Scottish Studies				161				161
Sexual Division
Slavery and modern	slavery studies				200			200
Sociology ofthe Arts				95				95
Sociology of Rights
Social Aspects of Death,		Dying 8
Bereavement				3,468	730	(199)		3,999
Social Network Analysis		Study Group (SNAG)		282				282
Sociology ofAlcohol				1,667				1,667
Sociology of Elites					200			200
Sport				1,328				1,328
Social Class				200				200
Theory				410	10			420
CITIES				78				78
Violence and Society				23				23
Violence against Women				1,546				1,546
Visual Study Group				209				209
Work Employment 8	Economic Life			366				366
Youth				1,929	468	(839)		1,558
Social Statistics				200				200
Weber
WES Conference				24,703				24,703
				188,100	107,433	(108,891)		186,642
Property fund - London				280,643		(7,494)		273,149
Property fund - Durham				798,133		(7,400)		790,733
Digital content to promote			the discipline				40,000	40,000
Mapping exercise —where			sociologists are in HE				30,000	30,000
Website and CRM systems			development				150,000	150,000
Total designated funds			1,266,876		107,433	(123,785)	220,000	1,470,524

Year ended 31December 2022	Unrestricted	Designated
	Funds	Funds	Total
	f	f	f
Tangible fixed assets	13,357	592,600	605,957
Investments	968,879	475,000	1,443,879
Net current assets	420,687	402,924	823,611
Creditors due more than one year	(1,475)		(1,475)
	1,401,448	1,470,524	2,871,972

Year ended 31December 2021	Year ended 31December 2021	Year ended 31December 2021			Unrestricted	Unrestricted	Designated
					Funds		Funds	Total
						f		f
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
Commitments under operating			leases
Lessee: Total future	minimum	lease payments		under non-cancellable	operating	leases are as follows:
								Other
							2022	2022
Not later than one year							1,548
Later than one and	not later than five years						903
							2,451
Lessor: Total future	minimum	lease payments		under non-cancellable	operating	leases are as follows:
							2022	2021
							f.	f
Not later than one year							2,451	3,998
Later than one and	not later than five years
							2,451	3,998

econciliation of net i	ncome t	o net cash inflow from operating	activities
			2022	2021
			f	F
Net income for period			184,738	235,268
Dividends received			(19,976)	(19,976)
Interest receivable			(48)	(48)
Depreciation oftangible	fixed assets		38,840	57,340
Profit on disposal oftangible assets			734
(Gains)/losses on investments			(19,164)	(46,153)
(Increase)/decrease in	debtors		(35,104)	129,710
Increase/(decrease) in	creditors		(52,806)	(43,676)
Net cash flow from operating		activities	97,214	312,465

		Notes	Unrestricted	Designated
			Funds	Funds	2021
				f	F
Income from:
Donations			230		230
Charitable activities			287,827	28,780	316,607
Other trading activities			597,333		597,333
Investments			48		48
Other			31,489		31,489
Total income			916,927	28,780	945,707
Expenditure on:
Raising funds
Investment management	costs		6,057		6,057
Other trading activities		7.2	157,281		157,281
Charitable activities		7.1	551,946	41,309	593,255
Total expenditure			715,284	41,309	756,593
Net income/(expenditure)	before
gain/(loss} on investment			201,643	(12,529)	189,114
Transfers between funds		18	(364)	364
Net gain/(losses) on investments			46,153		46,153
Net income/ (expenditure)			247,432	(12,165)	235,267
Net movement in funds			247,432	(12,165)	235,267
Reconciliation offunds:
Total funds brought forward			1,172,924	1,279,041	2,451,965
Total funds carried forward			1,420,356	1,266,876	2,687,232