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2021-12-31-accounts

PRESIDENT JohnAgnew
VICEPRESIDENTS ClelioCampolina,LuDadao,FlaviaMartinelliandAllenScott
TRUSTEES
JessiePoon BoardChair;Chair,MemberServices;Chair,InternationalGroup
JohnBachtler Vice-Chair,EU/RegionalPolicy
DavidBailey EditorinChief,RegionalStudies
Ron.Boschma Vice-Chair,Research;Chair,ResearchCommittee
MiaGray Vice-Chair,Communication&PublicEngagement;PrizesandAwards;CompanySecretary
RachelFranklin DiversityandInclusivityChair
JohnHarrison ConferencesandEventsCoordinator
Simonalammarino Vice-ChairandChairPublicationsCommittee
NeilLee PolicyCommitteeChair
OlgaMrinska Treasurer
CO-OPTEES
KlausDodds Editor,Territory,Politics,Governance
PaulElhorst EditorinChief,SpatialEconomicAnalysis
StefaniaFiorentino Editor,Regions
JoanFitzgerald Editor-in-Chief,RegionsandCitiesBookSeries
StephenHincks Editor,RegionalStudies,RegionalScience
LouiseKempton EditoroftheRSAPolicyImpactbooks(fromFebruary2021)
WeidongLiu Member,China
BradyReid Blogeditor{fromMarch2021)
PhilTomlinson EditoroftheRSAPolicyImpactbooks
OBSERVERS
TanyaChandra StudentRepresentative
MickDunford Area,DevelopmentandPolicyrepresentativeobserver
VanessaGuerra EarlyCareerRepresentative

Albania Egypt Japan Romania
Argentina Estonia Latvia Russian
Australia Finland Lithuania Federation
Austria France Luxemburg Singapore
Belgium Germany Mexico Slovakia
Brazil Ghana Netherlands Slovenia
Canada + Greece NewZealand SouthAfrica
Chile Hungary Nigeria Sweden
China Iceland North Switzerland
Colombia India Macedonia Ukraine
Croatia Indonesia Norway USA
CzechRepublic Ireland Poland
Denmark Italy Portugal

23 June 2022

TotalFunds TotaiFunds
Asrestated
2021 2020
Notes £ £
INCOMEANDENDOWMENTSFROM:
Donations(unrestricted) 22,207 40,743
CharitableActivities 1 795,410 781,434
OtherTradingActivities 4 31,866 38,183
Investments 26,346 10,201
TOTALINCOME 875,926 870,561
EXPENDITUREON:
Raisingfunds—investmentmanagementcosts: 24,954 25,228
CharitableActivities 3 868,209 730,071
TOTALEXPENDITURE 893,163 755,299
NetGains/(Losses)onInvestments 10 237,533 155,532
NETINCOME/(EXPENDITURE)FORTHEYEAR 2 220,296 270,794
NETMOVEMENTINFUNDS 220,296 270,794
ReconciliationofFunds:
TotaiFundsBroughtForward 3,431,685 3,160,891
TOTALFUNDSCARRIEDFORWARD 3,651,481 3,431,685

Zois Za2o
Notes £ £
FIXEDASSETS
TangibleAssets 9 - 6,206
Investments 10 3,640,428 3,201,504
3,640,428 3,207,710
CURRENTASSETS
Debtors 11 114,173 128,992
CashatBank 537,826. 584,924
651,999 713,916
CURRENTLIABILITIES
Creditors:AmountsFallingDueWithinOneYear 12a 394,407 401,888
NETCURRENTASSETS/LIABILITIES 257,592 312,028
.Creditors:AmountsFallingDueAfterOneYear 12c 246,039 88,053
TOTALNETASSETS 3,651,981 3,431,685
RepresentedBy:
UnrestrictedGeneralFund 14 3,651,981 3,431,685

2021 2020
Notes £ £
Cashflowsfromoperatingactivities:
Netcashprovidedbyoperatingactivities a 95,825 178,797
Netcashprovidedby(usedfn)investingactivities (142,923) 11,012
Changeincashandcashequivalentsinthereportingperiod (47,097) 189,809
Cashandcashequivalentsatthebeginningofthereportingperiod
b
584,924 395,115
Cashandcashequivalentsattheendofthereportingperiod b 537,826 584,924
aReconciliationofnetincome/(expenditure)tonetcashflowfromoperating activities
Netincome/(expenditure)forthereportingperiod(as
perthestatementoffinancialactivities) 220,296 270,794
Adjustmentsfor:
Depreciationcharges 6,206 10,117
Dividendsreceived (26,346) (10,201)
Unrealisedgainsoninvestments (269,655) (139,616)
Decreaseindebtors 14,819 14,270
Increaseincreditors 150,506 33,432
Netcashprovidedby(usedinJoperatingactivities 95,825 178,797
Cashflowfrominvestingactivities
Purchaseofinvestments 3.309,406 -
Proceedsfromsaleofinvestments 3,140,137 811
Dividendsreceived 26,346 10,201
NeCashflowfromInvestingactivities (142,923) 11012
bAnalysisofcashandcashequivalents
Cashinhand 537,826 584,924
Totalcashandcashequivalents 537,826 584,924

2021 2020
£ £
CharitableActivities
Members'Subscriptions 95,509 101,201
ConferenceIncome 14,043. 440
RegionalStudiesJournals 685,858 679,793
795,410 781,434

2021 2020
£ £
Thisisstatedaftercharging:
Depreciation
-TangibleFixedAssets 6,206 10,118
Auditor'sremuneration
-AsAuditor 13,000 15,000
Totals2020 ......... . . ..............._ 138,860 40,396 448,422 84,661 17,732 591,211 __ 730,071
Totals2021 160,769 25,957 597,948 67,700 15,835 707,440 868,209
Knowledge Transfer/ Community Building 4160 2,448 56,393 6,385 1,493 66,719 70,879
Other Publication costs 282 1,438 33,120 3,750 877 39,185 39,467
Research& Grants Activities 77,731 2,565 59,079 6,689 1,565 69,898 147,629
Journal Costs 71,718 2,098 48,337 5,473 1,280 57,188 128,906
Conference& Eventscosts 1,878 14,261 328,513 37,194 $,700 388,668 390,547
Membership Costs DIRECTCOSTS
5,000
OFFICERUNNINGCOSTS
3,147
STAFFCOSTS
72,506
OTHERCOSTS
8,209
GOVERN_ANCECOSTS
1,920
SUPPORTCOSTS
85,782
TOTALS
90,782

2021 2020
£ £
MiscellaneousIncome 4,921 1,099
RechargestoRSAEurope 23,345 33,484
WebHostingincome 3,600 3,600
31,866 38,183

2021 2020
£ £
Meetings 2,835 2,718
AuditFees 13,000 15,000
15.835 17,718

2021 2020
£ £
CJRSclaimfromHMRCrelatedforfurloughofstaffduetoCovid19 22,207 15,210
DiscretionarylocalauthoritygrantforcharitiesaffectedbyCovid19 - 25,000
22,207 40,210
Therearenounfulfilledconditionsrelatingtothesegrants

2021 2020
£ £
SalariesandWages 341,891 334,973
Employer'sNIContributions 35,171 33,035
Pensionshortfallprovision 162,733 8,806
PensionContributions 52,363 50,825
592,15$ 427,639
2021 2020
KeyManagementPersonnel 2 2
2021 2020
£100,001-£110,000 1 1
Thenumberofemployeesduringtheyearwas7madeupasf ollows:
2021 2020
ManagementandAdministration 2 2
Support 5 5
7 7
8.TransactionswithTrustees

_.. _ _ _ _ _
Computer Office
Equipment Furniture Total
£ £ £
Cost
At01January2021 130,451 3,990' 134,441
Additions
At31December2021 130,451'' 3,990 134,441
AccumulatedDepreciat
At01January202.1 124,245 3,990 128,235
Chargefortheyear 6,206 - 6>206
At31December2021 130,451 3,990, 134,441
NetBookValue
Broughtforwardat31December2021
__
_ _
___
Carriedforwardat31December2020 6,206 ' - 6,206'

MarketValueat1stJanuary2021 3201,504
AdditionsatCost 3,309,406
Disposalsatcarryingvalue (3,140,137)
NetGain/(Loss)onrevaluation 269,655
MarketValueat31December2021 3,640,428
HistoricalCostat31December2021 3,387,300
AnalysedTotalValueofInvestmentsat31December2021
Cash&SettlementsPending
OtherInvestments 3,640,428
MarketValueat31December2021 3,640,428

2021 2020
£ £
TradeDebtors 100,462 111,650
Prepaymentsandaccruedincome 13,711 17,342
114,173 128,992
12a.Creditors:Amountsfallingduewithinoneyear
2021 2020
£ £
TradeCreditors 2,163 1,403
OtherCreditors 274,157 276,400
TaxationandSocialSecurity 29,116 26,260
Accruals 24,283 35,649
Pensionshortfallprovision(lessthanoneyear) 12,044 7,298
DeferredIncome 52,644 54,378
394,407 401.888
12b.DeferredIncome
.2021 2020
£ £
Broughtforwardat1January2021 54,378 53,735
Releasedduringtheyear (54,378) (53,735)
Deferredduringtheyear 52,644 54,378
Carriedforwardat31December2021 52,644 54,378
Deferredincomerelatestomembershipsubscriptionsrelatingtofutureyears.

2021 2020
£ £
PensionShortfallProvision 246,039 88,053
246,039 88.053

2021 2020
Malescurrentlyaged65(years) 24.6 24.4
Femalescurrentlyaged65(years) 26.1 25.9
Malescurrentlyaged45(years) 26.6 26.3
Femalescurrentlyaged45(years) 27.9 27.7

2021 2020
Discountrate 1.8% 3%
Pensionablesalarygrowth 3% 2%

1St January2021 IncomeandGains Expenditure 31ST December2021
£ £ £ £
GeneralFund 3,431,685 1,113,459 893,163 3,651,981
TotalFunds 3,431,685 1,113,459 893,163 3,651,981
15`January2020 IncomeandGains Expenditure 31St December2020
£ £ £ £
GeneralFund 3,160,891 1,026,093 755,299 3,431,685
TotalFunds 3,160,891 1,026,093 755,299 3,431,685

2021 2020
Grantscommittedinthevear
FeRSAGrants
[1,(2020:0)]
(913) -
McRSAGrants
[3,(2020:0)]
12,295 -
EarlyCareerGrants[3,(2020:0)] 23,650 (2,309)
PolicyExpo
[1,(2020:0)]
15,000 (2,243)
Eventsupportschemesandtravelgrants 1,500 1,500
ResearchNetworks[0,(2020:0)] (16,818) -
Pandemics
[6,(2020:7)]
23,992 28,000
58,706 24,948
Charitablecommitmentsaccrued
Grantcommitmentsrecognisedatthestartoftheyear 217,794
NewgrantcommitmentschargedtotheSOFAinyear 91,500
Grantspaidintheyear(Netofwrite-offs) 109,666
Grantcommitmentsrecognisedattheendoftheyear 199,628

2021 2020
£ £
GrantmadetotheRegionalStudiesEuropeanFoundation 19,025 35,000
CostsrechargedtotheRegionalStudiesEuropeanFoundation 23,345 33,484
DonationinkinddonationmadetoRegionalStudiesEuropeanfoundation 11,935 -
AmountsduefromtheRegionalStudiesEuropeanFoundation - 13,499

2021 2020
0207 KamesEthicalEquityFund 0 68,213
0210 Fidelitycashfund 4,000
0220 EcclesiasticalAmitySterlingBond2011 15,890 97,279
0226 FranklinUKMidCap2012 0 61,751
0232 StandardLifeInvUKEthicalAcc2013 10,434 64,779
0241 BaillieGiffordHighYieldBondFund2015 16,059 94,387
0242 HendersonUKProperty2015 0 0
0246 HendersonGlobalCareGrowth 10,124 81,805
0247 HendersonUKAbsoluteReturn 0 94,024
0248 JupiterEcology 10,174 114,179
0249 PremierDefensiveGrowth 0 55,203
0250 RoyalLondonSustainableLeadersTrust 10,332 97,596
0253 SLIUKReaIEstateFeederInstitutionaIUK 0 114,566
0256 RoyalLondonSustainableDiversifiedTrust 0 104,083
0257 RoyalLondonSustainableWorldTrust 0 110,053
0258 In~escoGlobalTargetedreturns 0 119,201
0259 RoyalLondonCorporatebond 0 129,662
0260 SLIglobalrealestateP1fundacc 0 85,012
0261 SLIEthicalCorporatebondPIat1 0 128,398
0262 BMOResponsibleglobalequity2 10,113 74,553
0263 Liontrustsustainablefuturecorporatebond 16,084 103,672
0264 Liontrustsustainablefutureukgrowthfundclass2 0 131,526
0265 Liontrustsustainablefuturedefensivemanagedfund 10,437 69,886
0266 Royallondonsustainablemanagedgrowthtrust 15,948 100,141
0267 M~&globalselectfund 0 67,297
0268 BMOResponsibleukincome 10,286 59,310
0269 Rathboneethicalbondinstac 15,879 133,219
0270 Insightinflationlinkedcorporateshare 13,924 94,173
0271 Kamespropertyincomefeeder 54,011 106,893
0272 Kamesethicalcorporatebondb 15,801 128,428
0273 royallondonsustainablemanagedincome 0 128,950
0274 royallondonethicalbondfund 15,808 129,006
0275 StewartinvestorsWorldwideSust 0 70,595
0276 artemisglobalgrowthfundclass 0 63,913
0277 CommercialLongincomefeedertrustclass1netacc 0 119,754
0278 IiSharesPhysicalgold 174,607
0279 iSharesUKgilts0-5years 249,634
0281 BlackrockcashSInc 74,157
0282 BrownAdvisoryUSsustainableGrowthfund 286,080
0283 BMOResponsibleGlobalequitySC2 282,097
0284 FundsmithsustainableEquityfund 292,125
0285 IrnestmentfundAccountcashpark 45,525
0286 LiontrustMonthlySustFutureUKgrowthincomebondfund 191,097
0287 LiontrustUKsustainableFuturedefensive 163,680
0288 RoyalLondonshortdurationgilts 268,392
0289 TrojanEthicalBOincome 339,001
0291 trojanEthicalOincome 178,382
0292 Rathboneethicalbondinstac 265,283
0293 stewartirnestorsAsiapacificsustainabilityfund 172,663
0294 RoyallondonethicalbondfundIIMinc 201,088
0295 AegonEthicalCorporateBondB 201,313
3,640,428 3,201,504