| PRESIDENT | John Agnew (from November 2020) |
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|---|---|---|---|---|---|---|---|---|
| Ron Martin (until November 2020) |
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| VICE PRESIDENTS | Clelio Campolina | |||||||
| Lu Dadao | ||||||||
| Flavia Martinelli | ||||||||
| Allen Scott | ||||||||
| TRUSTEES | ||||||||
| Jessie Poon | Board Chair (from 11November 2020);Chair, |
Member | Services; Chair, International | Group | ||||
| John Bachtler | Vice-Chair, EU/ Regional Policy |
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| David Bailey | Editor in Chief, Regional studies |
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| Andrew Beer |
Vice Chair Publications (until November |
2020) | ||||||
| Ron Boschma | Vice-Chair, Research; Chair, Research Committee | |||||||
| Mia Gray | Vice-Chair, Communication ik Public Engagement; |
Prizes and | Awards; Company Secretary | |||||
| Rachel Franklin | Diversity and inclusivity Chair (from November |
2020) | ||||||
| John Harrison | Conferences and Events Coordinator (from November |
2020) | ||||||
| Simon a lamma rino | Vice-Chair and Chair Publications Committee |
(from | November | 2020) | ||||
| Dieter Kogler | Conferences and Events (until November |
2020) | ||||||
| Neil Lee | Policy Committee Chair |
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| Olga Mrinska | Treasurer | |||||||
| Mark Tewdwr Jones | Chair (until November 2020) |
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| CO-OPTEES | ||||||||
| Josh Barrett | Slog editor (until November 2020) |
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| Alex de Ruyter | Brexit advisor to the Board (until November | 2020) | ||||||
| Klaus Dodds | Editor, Territory, Politics, Governance |
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| Paul Elhorst | Editor in Chief, Spatial Economic Analysis | |||||||
| Stefania Fiorentino | Editor, Regions (from November 2020) |
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| Joan Fitzgerald | Editor-in-Chief, Regions and Cities Book |
Series | ||||||
| Stephen Hincks |
Editor, Regional Studies, Regional Science | |||||||
| Weidong Liu |
Member, China |
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| Brady Reid | Blog editor (from March 2021) | |||||||
| Julie Tian Miao | Editor, Regions (until November 2020) |
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| Phil Tomlinson | Editor ofthe RSA Policy Impact books | |||||||
| OBSERVERS | ||||||||
| Frances Brill |
Early Career Representative | |||||||
| Tanya Chandra | Student Representative (from January 2021) |
|||||||
| Mick Dunford | Area, Development and Policy representative |
observer | (from | January 2021) | ||||
| Vanessa Guerra | Student Representative (until November |
2020) | ||||||
| Michael Taster | RSA funded PhD student (until November |
2020) | ||||||
| Fulong Wu | Editorial Advisory Board, Area, Development |
and Policy |
| i. | RSA Ambassadors | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The Association works hard to appoint |
effective Ambassadors | across the globe. Ambassador | posts | are not exclusive sothere may | |||||||
| be more | than one for a given territory, | particularly | in larger | territories. | The | RSA has Ambassadors | in the following | countries: | |||
| ~ | Albania | ~ | Egypt | ~ | Latvia | ~ | Russian | ||||
| ~ | Argentina | ~ | Estonia | ~ | Lithuania | Federation | |||||
| ~ | Australia | ~ | Finland | ~ | Luxemburg | ~ | Singapore | ||||
| ~ | Austria | ~ | France | ~ | Mexico | ~ | Slovakia | ||||
| ~ | Belgium | ~ | Germany | ~ | Netherlands | ~ | Slovenia | ||||
| ~ | Brazil | ~ | Greece | ~ | New Zealand | ~ | South Africa | ||||
| ~ | Canada | ~ | Hungary | ~ | Nigeria | ~ | Sweden | ||||
| ~ | Chile | ~ | Iceland | ~ | North | ~ | Switzerland | ||||
| ~ | China | ~ | India | Macedonia | ~ | ukraine | |||||
| ~ | Colombia | ~ | Indonesia | ~ | Nol way | ~ | usA | ||||
| ~ | Croatia | ~ | Ireland | ~ | Poland | ||||||
| ~ | Czech Republic | ~ | Italy | ~ | Portugal | ||||||
| ~ | Denmark | ~ | Japan | ~ | Romania |
| Total Funds | Unrestricted Funds |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (unrestricted except donations) |
|||||||||||||
| 2020 | 2019 | ||||||||||||
| Notes | E | ||||||||||||
| INCOME AND ENDOWMENTS FROM: |
|||||||||||||
| Donations | (unrestnctedl | ||||||||||||
| Local Authority | grant | 25,000 | |||||||||||
| Other | 533 | 344 | |||||||||||
| Charitable | Activities | ||||||||||||
| Members' | 5ubscriptions | 101,201 | 94,954 | ||||||||||
| Conference | Income | 440 | 259,608 | ||||||||||
| Regional Studies Journals | 679,793 | 677,136 | |||||||||||
| Other Trading Activities | |||||||||||||
| Miscellaneous | Income | 1,099 | 130 | ||||||||||
| Recharges | to | RSA | Europe | 33,484 | 6,365 | ||||||||
| Web Hosting | Income | 3,600 | 3,600 | ||||||||||
| Other income | |||||||||||||
| Investments | 889 | 1,602 | |||||||||||
| CJRS income | 15,210 | ||||||||||||
| TOTA L INCOME | 861,249 | 1,043,739 | |||||||||||
| EXPENDITURE | ON: | ||||||||||||
| Charitable | Activities: | ||||||||||||
| Membership | Costs | 71,172 | 133,829 | ||||||||||
| Conference/Events | Costs | 345,749 | 405,207 | ||||||||||
| Journal Costs | 102,594 | 118,044 | |||||||||||
| Research | gr | Grant | Activities | 115,385 | 208,108 | ||||||||
| Other Publication | Costs | 31,339 | 41,882 | ||||||||||
| Knowledge | Transfer/Community | Buildmg | 63,832 | 71,915 | |||||||||
| TOTAL EXPENDITURE | 730,071 | 978,985 | |||||||||||
| Net Gains | on Investments | 139,616 | 351,440 | ||||||||||
| NET INCOME/(EXPENDITURE) FOR |
THE | YEAR | 270,794 | 416,194 | |||||||||
| NET MOVEMENT | IN FUNDS | 270,794 | 416,194 | ||||||||||
| Reconciliation | of | Funds: | |||||||||||
| Total Funds Brought Forward | 3,160,891 | 2,744,697 | |||||||||||
| TOTAL FUNDS | CARRIED | FORWARD | 3,431,685 | 3,160,891 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | E | E | |||||
| FIXEDASSETS | |||||||
| Tangible Assets | 6,206 | 16,324 | |||||
| Investments | 3,201,504 | 3,062,700 | |||||
| 3,207,710 | 3,079,024 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 128,992 | 143,260 | |||||
| Cash at Bank | 584,924 | 395,115 | |||||
| 713,916 | 538,375 | ||||||
| CURRENT LIABILITIES | |||||||
| Creditors: Amounts | Falling Due Within | One Year | 9a | (401,888) | (374,337) | ||
| NET CURRENT | |||||||
| ASSETS/LIABILITIES | 312,028 | 164,038 | |||||
| Creditors: Amounts | Falling Due After One Year | 9c | (88,053) | (82,171) | |||
| TOTAL NET ASSETS | 3,431,685 | 3,160,891 | |||||
| Represented By: |
|||||||
| Unrestricted General |
Fund | 12 | 3,431,685 | 3,160,891 | |||
| The financial statements | on pages 36to | 52were approved | by the Board | ||||
| And authorised for issue on the 29June |
2021 and | signed on its behalf by: |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||
| Cashflows from operating activities: |
|||||||
| Net cash provided by operating activities |
188,998 | 10,660 | |||||
| Cashflows from investing activities: |
|||||||
| Purchase of plant and equipment | (2,930) | ||||||
| Cash Movements from investing activities |
811 | ||||||
| Net cash provided by (used in) investing |
activities | 189,809 | (2,930) | ||||
| Change in cash and cash equivalents in the reporting |
period | 189,809 | 7,730 | ||||
| Cash and cash equivalents at the beginning |
ofthe reporting | period | b | 395,115 | 387,385 | ||
| Cash and cash equivalents at the end ofthe |
reporting | period | b | 584,924 | 395,115 | ||
| a Reconciliation ofnet income (expenditure) |
to net | cashflow from operating | activities | ||||
| Net incomesl(expendituref for the reporting |
period (as | ||||||
| per the statement offinancial activities) | 270,794 | 416,194 | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
10,118 | 11,352 | |||||
| (Gains)/losses on investments |
(139,616) | (351,482) | |||||
| Decrease in debtors | 14,270 | 11,380 | |||||
| Increase/(Decrease)in creditors |
33,432 | (76,784) | |||||
| Net cash provided by (used in) operating |
activities | 188,998 | 10,660 | ||||
| b Analysis ofcash and cash equivalents | |||||||
| Cash in hand | 584,924 | 395,115 | |||||
| Total cash and cash equivalents | 584,924 | 395,115 |
| 2020 | 2019 | |
|---|---|---|
| f | f | |
| This isstated after charging: | ||
| Depreciation | ||
| -Tangible Fixed Assets |
~1011 | 11352 |
| Auditor's remuneration |
||
| -As Auditor | 15000 | ~144 4 |
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0 |
| 3.Governance | Costs | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| f | E | ||||||
| Meetings | 2,718 | 32,838 | |||||
| Audit Fees | 15000 | 14494 | |||||
| 17718 | ~47 332 | ||||||
| 4.Government | grants | ||||||
| 2020 | 2019 | ||||||
| 5 | E | ||||||
| CJRS claim from HMRC related for | furlough | ofstaff due to Covid 19 | 15,210 | ||||
| Discretionary | local authority | grant | for charities affected by Covid 19 | 25,000 | |||
| There are no unfulfilled | conditions | relating | to these grants | ||||
| 5.Tangible Fixed Assets |
|||||||
| Computer | Office | ||||||
| Quipment | Furniture | Total | |||||
| F | E | ||||||
| Cost | |||||||
| At 01 January | 2020 | 130,451 | 3,990 | 134,441 | |||
| Addit iona | |||||||
| At 31 December 2020 | 130,451 | 3,990 | 134,441 | ||||
| Accumulated | Depreciation | ||||||
| At 01 January | 2020 | 114,127 | 3,990 | 118,117 | |||
| Charge for theyear | 10,118 | 10,118 | |||||
| At 31 December 2020 | 124,245 | 3,990 | 128,235 | ||||
| Net BookValue | |||||||
| Brought forward at 31 | December | 2020 | 6,206 | 6,206 | |||
| Carried forwa d at 31 | December | 2019 | 16,324 | 16,324 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| f | f | |||
| Salaries | and | Wages | 334,973 | 317,416 |
| Employer's | Nl Contributions | 33,035 | 31,555 | |
| Pension | shortfall provision |
8,806 | (26,710) | |
| Pensions | Contributions | ~50825 | 44 343 | |
| 4~27 63 | 366604 |
| 2020 | 2019 |
|---|---|
| Number | Number |
| 2020 | 2019 |
|---|---|
| Number | Number |
| The number | ofem | ployees during the year was 7 made up as |
follows: | |
|---|---|---|---|---|
| 2020 | 2019 | |||
| Number | Number | |||
| Management | and | Administration | ||
| Support |
| 8.Debtors | |||
|---|---|---|---|
| 2020 | 2019 | ||
| f | 6 | ||
| Trade Debtors | 111,650 | 124,017 | |
| Prepayments | and accrued income | ~17 342 | ~19243 |
| 128922 | 143260 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Trade Creditors | 1,903 | 1,748 | |||
| Other Creditors | 276,400 | 282,807 | |||
| Taxation | and Social Security | 26,260 | 17,251 | ||
| Accruals | 35,649 | 14,422 | |||
| Pension | shortfall | provision | (less than one year) | 7,298 | 4,374 |
| Deferred | Income | 54 378 | ~53735 | ||
| ~401888 | 374337 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| f | f | |||
| Brought forward at 1January 2020 | 53,735 | 69,178 | ||
| Released during the year | (53,735) | (69,178) | ||
| Deferred during the year | 54,378 | 53,735 | ||
| Carried forward at 31December 2020 | 54378 | 53735 | ||
| Deferred income relates to membership | subscriptions | relating to future years. |
| 2020 | 2019 | |||
|---|---|---|---|---|
| f | f | |||
| Pension | Shortfall | Provision | 88,053 | 82,171 |
| SS053 | ~2171 |
| 1"January 2020 f |
Income and Gains f |
Expenditure f |
31"December 2020 f |
|
|---|---|---|---|---|
| General Fund |
~3160891 | 1,000,865 | 730,071 | 3,431,685 |
| Total Funds | 3,160,891 | 1,000,865 | 730,071 | 3,431,685 |
| 1nJanuary 2019 | Income and Gains | Expenditure | 31n December 2019 | |
| f | f | f | f | |
| General Fund |
~2744 697 | 1,394,835 | 978,641 | 3,160,891 |
| Restricted Fund |
344 | 344 | ||
| Total Funds | 2,744,697 | 1,395,179 | 978,985 | 3,160,891 |
| Charitable commitments accrued |
|
|---|---|
| Grant commitments recognised at the start ofthe year |
256,539 |
| New grant commitments charged to the SoFA in year |
28,000 |
| Grants paid in the year (Net ofwrite-offs) | (~26990 |
| Grant commitments recognised at the end ofthe year |
257p549 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Grant made to the Regional Studies European | Foundation | 34,535 | 42,264 | |||
| Donation | in kind made to the Regional Studies | European | Foundation | 0 | 4,773 | |
| Costs recharged to the Regional Studies European | Foundation | 33,484 | 6,366 | |||
| Amounts | due from the Regional Studies European | Foundation | 13,499 | 6,366 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| National Savings Bank Investment |
A/C | 0 | 810 | |||||
| 0207 | Kames Ethical Equity Fund | 68,213 | 68,781 | |||||
| 0220 | Ecclesiastical Amity Sterling Bond |
2011 | 97,279 | 91,546 | ||||
| 0226 | Franklin UK Mid Cap 2012 |
61,751 | 71,958 | |||||
| 0232 | Standard Life inv UK Ethi ca I Acc 2013 |
64,779 | 70,713 | |||||
| 0241 | Bai Hie Gifford High Yield Bond Fund |
2015 | 94,387 | 91,720 | ||||
| 0242 | Henderson UK Property 2015 |
0 | 0 | |||||
| 0246 | Henderson Global Care Growth |
81,805 | 61,519 | |||||
| 0247 | Henderson UK Absolute Return |
94,024 | 91,797 | |||||
| 0248 | Jupiter Ecology | 114,179 | 93,848 | |||||
| 0249 | Premier Defensive Growth | 55,203 | 80,199 | |||||
| 0250 | Royal London Sustainable Leaders |
Trust | 97,596 | 94,509 | ||||
| 0253 | SLI UK Rea I Estate Feeder Institutions |
I | UK | 114,566 | 118,985 | |||
| 0256 | Roya I London Sustainable Diversified |
Trust | 104,083 | 91,802 | ||||
| 0257 | Royal London Sustainable World Trust |
110,053 | 91,550 | |||||
| 0258 | Invesco Global Targeted returns |
119,201 | 120,856 | |||||
| 0259 | Royal London Corporate bond |
129,662 | 120,018 | |||||
| 0260 | SLI global real estate P1 fund acc | 85,012 | 89,968 | |||||
| 0261 | SLI Ethical Corporate bond Plat1 |
128,398 | 118,881 | |||||
| 0262 | BMQ Responsible global equity 2 |
74,553 | 61,707 | |||||
| 0263 | Liontrust sustainable future corporate |
bond | 103,672 | 122,569 | ||||
| 0264 | Liontrust sustainable future uk growth |
fund | class 2 | 131,526 | 66,346 | |||
| 0265 | Liontrust sustainable future defensive |
managed | fund | 69,886 | 93,060 | |||
| 0266 | Royal london sustainable managed |
growth trust | 100,141 | 90,580 | ||||
| 0267 | Mi& global select fund | 67,297 | 61,213 | |||||
| 0268 | BMO Responsible uk income |
59,310 | 65,571 | |||||
| 0269 | Rathbone ethical bond inst ac |
133,219 | 122,157 | |||||
| 0270 | Insight inflation linked corporate share |
94,173 | 89,893 | |||||
| 0271 | Kames property income feeder |
106,893 | 119,624 | |||||
| 0272 | Kames ethical corporate bond b |
128,428 | 119,050 | |||||
| 0273 | royal london sustainable managed |
income | 128,950 | 119,253 | ||||
| 0274 | royal london ethical bond fund | 129,006 | 119,773 | |||||
| 0275 | Stewart investors Worldwide Suet |
70,595 | 58,413 | |||||
| 0276 | artemis global growth fund class |
63,913 | 62,746 | |||||
| 0277 | Commercial Long income feeder |
trust | class | 1 net acc | 119,754 | 121,283 | ||
| 3201504 | 3062 700 |