| VICEPRESIDENTS | ClelioCampolina,LuDadao,FlaviaMartinelliandAllenScott |
| TRUSTEES | |
| JessiePoon | BoardChair;Chair,MemberServices;Chair,InternationalGroup(untilNov2022) |
| NeilLee | BoardChair;(fromNov2022) |
| JohnBachtler | Vice-Chair,EU/RegionalPolicy |
| DavidBailey | EditorinChief,RegionalStudies |
| RonBoschma | Vice-Chair,Research;Chair,ResearchCommittee |
| MarcinDabrowski | Boardmember(fromNov2022) |
| MiaGray | Vice-Chair,Communication&PublicEngagement;PrizesandAwards;CompanySecretary |
| RachelFranklin | DiversityandInclusivityChair |
| JohnHarrison | ConferencesandEventsCoordinator |
| Simonalammarino | Vice-ChairandChairPublicationsCommittee |
| OlgaMrinska | Treasurer(untilSept2022) |
| Sarah Ayres | Treasurer(fromOct2022) |
| CO-OPTEES | |
| KlausDodds | Editor,Territory,Politics,Governance |
| PaulElhorst | EditorinChief,SpatialEconomicAnalysis |
| StefaniaFiorentino | Editor,Regions |
| JoanFitzgerald | Editor-in-Chief,RegionsandCitiesBookSeries |
| StephenHincks | Editor,RegionalStudies,RegionalScience |
| LouiseKempton | EditoroftheRSAPolicyImpactbooks |
| WeidongLiu | Member,China |
| BradyReid | Blogeditor |
| MarkScott | PublicationsCommitteeChair(fromJuly2022) |
| OBSERVERS | |
| TanyaChandra | StudentRepresentative |
| MickDunford | Area,DevelopmentandPolicyrepresentativeobserver |
| VanessaGuerra | EarlyCareerRepresentative |
| JuliaWalczyk | SocialMediaCommunicationsObserver(untilNov2022) |
| e | = | Albania | e | Egypt | e | Japan | e | Romania |
|---|---|---|---|---|---|---|---|---|
| e | §=6Argentina | e | Estonia | e | Latvia | e | Russian | |
| e | = | Australia | e=Finland | e | —_Lithuania | Federation | ||
| e | = | Austria | e | France | e | Luxemburg | e | Singapore |
| e | = | Belgium | e | Germany | e | Mexico | e | Slovakia |
| e | Brazil | e | Ghana | e | Netherlands | e | Slovenia | |
| e | Canada | e | Greece | e | NewZealand | e | =SouthAfrica | |
| e | = | Chile | e | Hungary | e | Nigeria | e | =Spain |
| e | = | China | e | Iceland | e | =North | e | Sweden |
| e | Colombia | e | =India | Macedonia | e | §=©Switzerland | ||
| e | §=Croatia | e | Indonesia | e | Norway | e | Ukraine | |
| e | CzechRepublic | e=Ireland | e | =Poland | e | USA | ||
| e | Denmark | e | Italy | e | Portugal |
7 July 2023
| TotalFunds | TotalFunds | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
Notes |
£ |
£ |
|||
| INCOMEANDENDOWMENTSFROM: | |||||
| Donations(unrestricted) | - | 22,207 | |||
| CharitableActivities | 1 | 927,613 | 795,410 | ||
| OtherTradingActivities | 4 | 44,369 | 31,866 | ||
| Investments | 38,685 | 26,346 | |||
| TOTALINCOME | 1,010,667 | 875,829 | |||
| EXPENDITUREON: | |||||
| Raisingfunds—investmentmanagementcosts: | 25,009 | 24,954 | |||
| CharitableActivities | 3 | 675,408 | 868,209 | ||
| TOTALEXPENDITURE | 700,417 | 893,163 | |||
| NetGains/(Losses)onInvestments | 10 | (421,236) | 237,533 | ||
| NETINCOME/(EXPENDITURE)FORTHEYEAR | 2 | (110,986) | 220,296 | ||
| NETMOVEMENTINFUNDS | (110,986) | 220,296 | |||
| ReconciliationofFunds: | |||||
| TotalFundsBroughtForward | 3,651,981 | 3,431,685 | |||
| TOTALFUNDSCARRIEDFORWARD | 3,540,995 | 3,651,981 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
FIXEDASSETS |
||||
| TangibleAssets | 9 | 5,224 | - | |
| Investments | 10 | 3,230,973 | 3,640,428 | |
| 3,236,197 | 3,640,428 | |||
| CURRENTASSETS | ||||
| Debtors | 11 | 211,693 | 114,173 | |
| CashatBank | 812,793 | 537,826 | ||
| 1,024,486 | 651,999 | |||
| CURRENTLIABILITIES | ||||
| Creditors:AmountsFallingDueWithinOneYear | 12a | 521,514 | 394,407 | |
| NETCURRENTASSETS/LIABILITIES | 502,972 | 257,592 | ||
| Creditors:AmountsFallingDueAfterOneYear | 12c | 198,174 | 246,039 | |
| TOTALNETASSETS | 3,540,995 | 3,651,981 | ||
| RepresentedBy: | ||||
| UnrestrictedGeneralFund | 14 | 3,540,995 | 3,651,981 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
Notes |
£ |
£ |
|||
| Cashflowsfromoperatingactivities: | |||||
| Netcashprovidedbyoperatingactivities | a | 253,656 | 95,826 | ||
| Netcashprovidedby(usedin)investingactivities | 21,311 | (142,923) | |||
| Changeincashandcashequivalentsinthereportingperiod | 274,967 | (47,097) | |||
| Cashandcashequivalentsatthebeginningofthereportingperiod | b |
537,826 | 584,924 | ||
| Cashandcashequivalentsattheendofthereportingperiod | b | 812,793 | 537,826 | ||
| aReconciliationofnetincome/(expenditure)tonetcashflowfromoperating | activities | ||||
| Netincome/(expenditure)forthereportingperiod(as | |||||
| perthestatementoffinancialactivities) | (110,986) | 220,296 | |||
| Adjustmentsfor: | |||||
| Depreciationcharges | 369 | 6,206 | |||
| Dividendsreceived | (38,685) | (26,346) | |||
| Unrealisedloss(gains)oninvestments | 421,236 | (269,655) | |||
| Decrease/(Increase)indebtors | (97,520) | 14,819 | |||
| Increaseincreditors | 79,242 | 150,506 | |||
| Netcashprovidedby(usedin)operatingactivities | 253,656 | 95,826 | |||
| Cashflowfrominvestingactivities | |||||
| Purchaseofinvestments | 1,090,175 | 3,309,406 | |||
| Proceedsfromsaleofinvestments | 1,078,394 | 3,140,137 | |||
| Dividendsreceived | 38,685 | 26,346 | |||
| Purchasefixedasset | 5,593 | - | |||
| NetCashflowfromInvestingactivities | 21,311 | (142,923) | |||
| bAnalysisofcashandcashequivalents | |||||
| Cashinhand | 812,793 | 537,826 | |||
| Totalcashandcashequivalents | 812,793 | 537,826 |
| 1. | CharitableActivities | fortheyear | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
£ |
£ |
|||
| CharitableActivities | ||||
| Members'Subscriptions | 88,033 | 95,509 | ||
| ConferenceIncome | 109,168 | 14,043 | ||
| RegionalStudiesJournals/publications | 730,412 | 685,858 | ||
| 927,613 | 795,410 | |||
2. |
NetIncome/(expenditure)fortheyear |
|||
2022 |
2021 |
|||
| £ | £ | |||
Thisisstated |
aftercharging: |
|||
| Depreciation | ||||
| -TangibleFixedAssets | 369 |
6,206 |
||
| Auditor’sremuneration | ||||
| -AsAuditor | 13,000 | 13,000 |
| Totals2021 | 160,769 |
25,957 |
597,948 | 67,700 | 15,835 | 707,440 |
868,209 |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Totals2022 | 162,132 |
24,911 |
381,797 | 81,542 | 25,026 | 513,276 |
675,408 |
|||
| Knowledge | Transfer/ | Community | Building | 3540 |
2,349 |
36,008 | 7,690 | 2,361 | 48,408 |
51,948 |
| Other | Publication | costs | 705 |
1,380 |
21,147 | 4,517 | 1,386 | 28,430 |
29,135 |
|
| Research® | Grants | Activities | 29,532 |
2,461 |
37,722 | 8,057 | 2,473 | 50,713 |
80,245 |
|
| Journal | Costs | 63,769 |
2,014 |
30,864 | 6,592 | 2,022 | 41,492 |
105,261 |
||
| Conference& | Eventscosts | 59,586 |
13,686 |
209,760 | 44,799 | 13,749 | 281,994 |
341,580 |
||
| Membership | Costs | DIRECTCOSTS 5,000 |
OFFICERUNNINGCOSTS 3,021 |
STAFFCOSTS 46,296 |
OTHERCOSTS 9,887 |
GOVERNANCECOSTS 3,035 |
SUPPORTCOSTS 62,239 |
TOTALS 67,239 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
MiscellaneousIncome |
2,294 |
4,921 |
| RechargestoRSAEurope | 38,475 | 23,345 |
| WebHostingincome | 3,600 | 3,600 |
| 44,369 | 31,866 | |
5.GovernanceCosts |
||
| 2022 | 2021 | |
| £ | £ | |
Meetings |
11,913 |
2,835 |
| AuditFees | 13,000 | 13,000 |
24,913 |
15,835 |
|
6.GovernmentGrants |
||
| 2022 | 2021 | |
£ |
£ |
|
| CJRSclaimfromHMRCrelatedforfurloughofstaffduetoCovid19 | - | 22,207 |
| _— | 22,207 |
|
| Thereare nounfulfilledconditionsrelatingtothesegrants |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
SalariesandWages |
321,216 |
341,891 |
| Employer’sNIContributions | 33,187 | 35,171 |
| Pensionshortfallprovision | (43,724) | 162,733 |
| PensionContributions | 53,915 | 52,363 |
| 364,594 | 592,158 | |
| 2022 | 2021 | |
KeyManagementPersonnel |
2 |
2 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £120,001 |
- |
£130,000 |
1 |
1 |
| Thenumberofemployeesduringtheyearwas6madeupas | follows: | |
|---|---|---|
| 2022 | 2021 | |
ManagementandAdministration |
2 |
2 |
| Support | 4 | 5 |
| 6 | 7 |
| For theyearended31 | For theyearended31 | December2022 | December2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Computer | Office | |||||||
| Equipment | Furniture | Total | ||||||
| £ | £ | £ | ||||||
| Cost | ||||||||
| At01January2022 | 130,451 | 3,990 | 134,441 | |||||
| Additions | 5,593 | - | 5,593 | |||||
| Disposals | - | 2,930 | ||||||
| At31December2022 | 133,114 |
3,990 |
137,104 |
|||||
| AccumulatedDepreciation | ||||||||
| At01January2022 | 130,451 | 3,990 | 134,441 | |||||
| Chargefortheyear | 369 | - | 369 | |||||
| Disposals | - | 2,930 | ||||||
| At 31December2022 | 127,890 |
3,990 |
131,880 |
|||||
| NetBook | Value | |||||||
| Brought | forwardat | 31December2022 | 5,224 | - | 5,224 | |||
| Carriedforwardat | 31December2021 | - |
- |
- |
||||
10.Investments |
||||||||
£ |
||||||||
| MarketValueatistJanuary2022 | 3,640,428 | |||||||
| AdditionsatCost | 1,090,175 | |||||||
| Disposalsatcarryingvalue | (1,078,394) | |||||||
| NetGain/(Loss)onrevaluation | (421,236) | |||||||
| Market | Valueat31December2022 | 3,230,973 | ||||||
| HistoricalCostat31December2022 | 3,356,540 | |||||||
| AnalysedTotalValueofInvestments | at31December | 2022 | ||||||
| Cash&Settlements | Pending | 7,089 | ||||||
| OtherInvestments | 3,223,884 | |||||||
| Market | Valueat31December2021 | 3,230,973 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
TradeDebtors |
174,268 |
100,462 |
|
| Prepaymentsandaccruedincome | 37,425 | 13,711 | |
| 211,693 | 114,173 | ||
12a.Creditors:Amountsfallingduewithinoneyear |
|||
| 2022 | 2021 | ||
| £ | £ | ||
TradeCreditors |
68,856 |
2,163 |
|
| OtherCreditors | 330,112 | 274,157 | |
| Taxation | andSocialSecurity | 33,892 | 29,116 |
| Accruals | 24,051 | 24,283 | |
| Pension | shortfallprovision(lessthanoneyear) | 16,185 | 12,044 |
| Deferred | Income | 48,418 | 52,644 |
| 521,514 | 394,407 | ||
| Included | intheothercreditorsfigureaboveis£64,000ofbookroyaltiesreceivedinerror,tobereturned | tothepublisher. | |
| 12b.DeferredIncome | |||
| 2022 | 2021 | ||
| £ | £ | ||
Brought |
forwardat1January2022 |
52,644 |
54,378 |
| Releasedduringtheyear | (52,644) | (54,378) | |
| Deferredduringtheyear | 48,418 | 52,644 | |
| Carried | forwardat31December2022 | 48,418 | 52,644 |
| Deferred | incomerelatestomembershipsubscriptionsrelatingtofutureyears. | ||
12c.Creditors:Amountsfallingdueafteroneyear |
|||
| 2022 | 2021 | ||
| £ | £ | ||
Pension |
ShortfallProvision |
198,174 |
246,039 |
| 2022 | 2021 | |
|---|---|---|
| Malescurrentlyaged65(years) | 23.9 | 24.7 |
| Femalescurrentlyaged65(years) | 25.5 | 26.1 |
| Malescurrentlyaged45(years) | 25.9 | 26.7 |
| Femalescurrentlyaged45(years) | 273 | 27.9 |
| 2022 | 2021 | |
|---|---|---|
| Discountrate | 4.8% | 1.8% |
| Pensionablesalarygrowth | 2% | 3% |
| 1*January2022 | Income | Gains/(losses) | Expenditure | 31°tDecember2022 | |
|---|---|---|---|---|---|
£ |
£ |
£ |
£ |
£ |
|
GeneralFund |
3,651,981 |
1,010,667 |
(421,236) |
700,417 |
3,540,995 |
TotalFunds |
3,651,981 |
1,010,667 |
(421,236) |
700,417 |
3,540,995 |
1%January2021 |
Income |
Gains/(losses) |
Expenditure |
315‘December2021 |
|
£ |
£ |
£ |
£ |
£ |
|
GeneralFund |
3,431,685 |
875,926 |
237,533 |
893,163 |
3,651,981 |
| TotalFunds |
3,431,685 |
875,926 |
237,533 |
893,163 |
3,651,981 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
Grantscommittedintheyear |
|||
| FeRSAGrants | [1,(2021:1)] | 7,500 | (913) |
| MeRSAGrants | [3,(2021:1)] | 10,712 | 12,295 |
| EarlyCareerGrants | [2,(2021:1)] | 8,653 | 23,650 |
| PolicyExpo | [1,(2021:1)] | (10,696) | 15,000 |
| Eventsupportschemesandtravelgrants | 1,000 | 1,500 | |
| ResearchNetworks | [0,(2021:1)] | (23,309) | (16,818) |
| Pandemics | [0,(2021:7)] | (686) | 23,992 |
| Commissionedresearch(1(2021:0) | 29,000 | - | |
22,174 |
58,706 |
Charitablecommitmentsaccrued |
|
|---|---|
Grantcommitmentsrecognisedatthestartoftheyear |
199,628 |
| NewgrantcommitmentschargedtotheSoFAinyear | 77,745 |
| Grantspaidintheyear(Netofwrite-offs) | 108,084 |
| Grantcommitmentsrecognisedattheendoftheyear | 169,289 |
| 2022 | 2021 | ||
|---|---|---|---|
£ |
£ |
||
GrantmadetotheRegionalStudiesEuropeanFoundation |
10,549 |
19,025 |
|
| CostsrechargedtotheRegionalStudiesEuropeanFoundation | 38,474 | 23,345 | |
| DonationinkinddonationmadetoRegionalStudiesEuropeanFoundation | 16,388 | 11,935 | |
| AmountsduefromtheRegionalStudiesEuropeanFoundation | - | - |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 0210 | Fidelitycashfund | 0 | 4,000 | ||
| 0220 | EcclesiasticalAmitySterlingBond | 2011 | 0 | 15,890 | |
| 0232 | StandardLifeInvUKEthicalAcc2013 | 0 | 10,434 | ||
| 0241 | BaillieGiffordHighYieldBondFund2015 | 160,900 | 16,059 | ||
| 0246 | HendersonGlobalCareGrowth | 0 | 10,124 | ||
| 0248 | JupiterEcology | 0 | 10,174 | ||
| 0250 | RoyalLondonSustainableLeaders | Trust | 0 | 10,332 | |
| 0262 | BMOResponsibleglobalequity | 2 | 0 | 10,113 | |
| 0263 | Liontrustsustainablefuturecorporatebond | 0 | 16,084 | ||
| 0265 | Liontrustsustainablefuturedefensivemanagedfund | 0 | 10,437 | ||
| 0266 | Royallondonsustainablemanagedgrowthtrust | 0 | 15,948 | ||
| 0268 | BMOResponsibleukincome | 0 | 10,286 | ||
| 0269 | Rathboneethicalbondinstac | 0 | 15,879 | ||
| 0270 | Insightinflationlinkedcorporate | share | 0 | 13,924 | |
| 0271 | Kamespropertyincomefeeder | 15,400 | 54,011 | ||
| 0272 | Kamesethicalcorporatebondb | 0 | 15,801 | ||
| 0274 | royallondonethicalbondfund | 0 | 15,808 | ||
| 0278 | liSharesPhysicalgold | 168,032 | 174,607 | ||
| 0279 | iSharesUKgilts0-5years | 263,449 | 249,634 | ||
| 0281 | BlackrockcashSInc | 62,630 | 74,157 | ||
| 0282 | BrownAdvisoryUSsustainable | Growthfund | 142,468 | 286,080 | |
| 0283 | BMOResponsibleGlobalequity | SC2 | 156,887 | 282,097 | |
| 0284 | FundsmithsustainableEquityfund | 163,119 | 292,125 | ||
| 0285 | InvestmentfundAccountcashpark | 0 | 45,525 | ||
| 0286 | LiontrustMonthlySustFutureUKgrowthincomebondfund | 223,861 | 191,097 | ||
| 0287 | LiontrustUKsustainableFuture | defensive | 0 | 163,680 | |
| 0288 | RoyalLondonshortdurationgilts | 264,137 | 268,392 | ||
| 0289 | TrojanEthicalBOincome | 316,989 | 339,001 | ||
| 0291 | trojanEthicalOincome | 0 | 178,382 | ||
| 0292 | Rathboneethicalbondinstac | 258,604 | 265,283 | ||
| 0293 | stewartinvestorsAsiapacificsustainabilityfund | 163,275 | 172,663 | ||
| 0294 | Royallondonethicalbondfund | IIMinc | 192,318 | 201,088 | |
| r | 0295 | AegonEthicalCorporateBondB | 190,027 | 201,313 | |
| " | 0296 | HermesSustainableglobalequityclass | 165,570 | 0 | |
| " | 0297 | MorganStanleysustainable | 158,022 | 0 | |
| " | 0298 | FPWHEBsustainability | 158,196 | 0 | |
| "9299 | cashheld | 7,089 | 0 | ||
3,230,973 |
3,201,504 |