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|||
|---|---|
|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)|
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|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|||
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# 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||
##
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##
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##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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|-||-|
##
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##
##
|||||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
|