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|`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|
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|•|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|||
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# 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||
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|||`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|
##
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||`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|
##
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|||`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|
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