| TRUSTEES | |
|---|---|
| NeilLee | BoardChair |
| JohnBachtler | Vice-Chair,EU/RegionalPolicy |
| DavidBailey | EditorinChief,RegionalStudies(untilJune2023) |
| JenniferClark | EditorinChief,RegionalStudies(fromJuly2023) |
| RonBoschma | Vice-Chair,Research;Chair,ResearchCommittee |
| MarcinDabrowski | Chair,InternationalTerritorialCommittee |
| MiaGray | Vice-Chair,Communication&PublicEngagement;PrizesandAwards; |
| RachelFranklin | DiversityandInclusivityChair(untilNovember2023) |
| JohnHarrison | ConferencesandEventsCoordinator |
| Simonalammarino | Vice-ChairandChairPublicationsCommittee |
| SarahAyres | Treasurer |
| IdaMusialkowska | Member(fromNovember2023) |
| CO-OPTEES | |
| KlausDodds | Editor,Territory,Politics,Governance |
| PaulElhorst | EditorinChief,SpatialEconomicAnalysis(untilMay2023) |
| UgoFratesi | EditorinChief,SpatialEconomicAnalysis(fromJune2023) |
| StefaniaFiorentino | Editor,Regions |
| JoanFitzgerald | Editor-in-Chief,RegionsandCitiesBookSeries |
| StephenHincks | Editor,RegionalStudies,RegionalScience |
| LouiseKempton | EditoroftheRSAPolicyImpactbooks |
| WeidongLiu | Member,China |
| BradyReid | Blogeditor |
| MarkScott | PublicationsCommitteeChair |
| OBSERVERS | |
| TanyaChandra | StudentRepresentative(untilNovember2023) |
| GreteGansauer | StudentRepresentative(fromDecember2023) |
| VanessaGuerra | EarlyCareerRepresentative(untilNovember2023) |
| KerstinSchaefer | EarlyCareerRepresentative(fromDecember2023) |
| MickDunford | Area,DevelopmentandPolicyrepresentativeobserver(UntilOctober2023) |
| ShenjingHe | Co-EditorinChief,AreaDevelopmentandPolicy(fromNovember2023) |
| KarenLai | RepresentativeEditor,FinanceandSpace(fromFebruary2023) |
| REGISTEREDOFFICE: | SussexInnovationCentre,Falmer,Brighton,BN19SB,UnitedKingdom |
| CEO/COMPANYSECRETARY | |
| SallyHardy | to5April2024 |
| AlanKinder | from5April2024 |
24 June 2024
| TotalFunds | TotalFunds | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Notes | £ | £ | |||
| INCOMEANDENDOWMENTSFROM: | |||||
| Donations(unrestricted) | - | - | |||
| CharitableActivities | 1 | 1,205,593 | 927,613 | ||
| OtherTradingActivities | 4 | 22,538 | 44,369 | ||
| Investments | 76,146 | 38,685 | |||
| TOTALINCOME | 1,304,277 | 1,010,667 | |||
| EXPENDITUREON: | |||||
| Raisingfunds—investmentmanagementcosts: | 24,658 | 25,009 | |||
| CharitableActivities | 3 | 846,327 | 675,408 | ||
| TOTALEXPENDITURE | 870,985 | 700,417 | |||
| NetGains/(Losses)onInvestments | 9 | 243,235 | (421,236) | ||
| NETINCOME/(EXPENDITURE)FORTHEYEAR | 2 | 676,527 | (110,986) | ||
| NETMOVEMENTINFUNDS | 676,527 | (110,986) | |||
| ReconciliationofFunds: | |||||
| TotalFundsBroughtForward | 3,540,995 | 3,651,981 | |||
| TOTALFUNDSCARRIEDFORWARD | 4,217,522 | 3,540,995 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| FIXEDASSETS | ||||
| TangibleAssets | 8 | 21,718 | 5,224 | |
| Investments | 9 | 3,511,083 | 3,230,973 | |
| 3,532,801 | 3,236,197 | |||
| CURRENTASSETS | ||||
| Debtors | 10 | 207,512 | 211,693 | |
| CashatBank | 984,907 | 812,793 | ||
| 1,192,419 | 1,024,486 | |||
| CURRENTLIABILITIES | ||||
| Creditors:AmountsFallingDueWithinOneYear | lla | 507,698 | 521,514 | |
| NETCURRENTASSETS/LIABILITIES | 684,721 | 502,972 | ||
| Creditors:AmountsFallingDueAfterOneYear | lic | - | 198,174 | |
| TOTALNETASSETS | 4,217,522 | 3,540,995 | ||
| RepresentedBy: | ||||
| UnrestrictedGeneralFund | 13 | 4,217,522 | 3,540,995 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | |||
| Cashflowsfromoperatingactivities: | |||||
| Netcashprovidedbyoperatingactivities | a | 151,183 | 253,656 | ||
| Netcashprovidedby(usedin)investingactivities | 20,931 | 21,311 | |||
| Changeincashandcashequivalentsinthereportingperiod | 172,114 | 274,967 | |||
| Cash andcashequivalentsatthebeginningofthereportingperiod | b |
812,793 | 537,826 | ||
| Cashandcashequivalentsattheendofthereportingperiod | b | 984,907 | 812,793 | ||
| aReconciliationofnetincome/(expenditure)tonetcashflowfromoperating | activities | ||||
| Netincome/(expenditure)for thereportingperiod(as | |||||
| perthestatementoffinancialactivities) | 676,527 | (110,986) | |||
| Adjustmentsfor: | |||||
| Depreciationcharges | 1,846 | 369 | |||
| Dividendsandinterestreceived | (76,146) | (38,685) | |||
| Unrealised(gains)/lossoninvestments | (243,235) | 421,236 | |||
| Decrease/(Increase)indebtors | 4,181 | (97,520) | |||
| (Decrease)/Increaseincreditors | (211,990) | 79,242 | |||
| Netcashprovidedby(usedin)operatingactivities | 151,183 | 253,656 | |||
| Cashflowfrominvestingactivities | |||||
| Purchaseofinvestments | 308,363 | 1,090,175 | |||
| Proceedsfromsaleofinvestments | 271,488 | 1,078,394 | |||
| Dividendsandinterestreceived | 76,146 | 36,685 | |||
| Purchasefixedasset | 18,340 | 5,593 | |||
| NetCashflowfromInvestingactivities | 20,931 | 21,311 | |||
| bAnalysisofcashandcashequivalents | |||||
| Cashinhand | 984,907 | 812,793 | |||
| Totalcashandcashequivalents | 984,907 | 812,793 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| CharitableActivities | ||||
| Members’Subscriptions | 99,841 | 88,033 | ||
| ConferenceIncome | 312,132 | 109,168 | ||
| RegionalStudiesJournals/publications | 793,620 | 730,412 | ||
| 1,205,593 | 927,613 | |||
| 2. | NetIncome/(expenditure)fortheyear | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Thisisstated | aftercharging: | |||
| Depreciation | ||||
| -TangibleFixedAssets | 1,846 | 369 | ||
| Auditor’sremuneration | ||||
| -AsAuditor | 15,000 | 13,000 |
| Totals2022 | 162,132 | 24,911 | 381,797 | 81,542 | 25,026 | 513,276 | 675,408 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Totals2023 | 412,707 | 38,651 | 236,260 | 105,590 | 53,119 | 433,620 | 846,327 | ||||
| Knowledge | Transfer/ | Community | Building | 2384 | 2,641 | 16,142 | 7,214 | 3,629 | 29,626 | 32,010 | |
| Other | Publication | costs | 8,978 | 8,978 | |||||||
| Research& | Grants | Activities | 172,505 | 4,081 | 24,946 | 11,149 | 5,609 | 45,785 | 218,290 | ||
| Journal | Costs | 50,972 | 4,081 | 24,947 | 11,149 | 5,609 | 45,786 | 96,758 | |||
| Conference& | Eventscosts | 180,153 | 22,007 | 134,516 | 60,119 | 30,243 | 246,885 | 427,038 | |||
| Membership | Costs | DIRECTCOSTS 6,693 |
OFFICERUNNINGCOSTS 5,041 |
STAFFCOSTS 30,817 |
OTHERCOSTS 13,773 |
GOVERNANCECOSTS 6,929 |
SUPPORTCOSTS 56,560 |
TOTALS 63,253 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| MiscellaneousIncome | 1,034 | 2,294 |
| RechargestoRSAEurope | 17,904 | 38,475 |
| WebHostingincome | 3,600 | 3,600 |
| 22,538 | 44,369 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Meetings | 38,119 | 11,913 |
| AuditFees | 15,000 | 13,000 |
| 53,119 | 24,913 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| SalariesandWages | 321,165 | 321,216 |
| Employer’sNIContributions | 31,909 | 33,187 |
| Pensionshortfallprovision | (214,359) | (43,724) |
| PensionContributions | 58,660 | 53,915 |
| 197,375 | 364,594 | |
| 2023 | 2022 | |
| KeyManagementPersonnel | 2 | 2 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| £120,001 | - | £130,000 | 1 | 1 |
| Thenumberofemployeesduringtheyearwas6madeupas | follows: | |
|---|---|---|
| 2023 | 2022 | |
| ManagementandAdministration | 2 | 2 |
| Support | 4 | 4 |
| 6 | 6 |
| Computer | Office | |||||
|---|---|---|---|---|---|---|
| Equipment | Furniture | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At01January2022 | 133,114 | 3,990 | 137,104 | |||
| Additions | 18,340 | - | 18,340 | |||
| Disposals | 16,304 | 1,496 | ||||
| At 31December | 2022 | 135,150 | 2,494 | 137,644 | ||
| AccumulatedDepreciation | ||||||
| At01January2022 | 127,890 | 3,990 | 131,880 | |||
| Chargefortheyear | 1,846 | - | 1,846 | |||
| Disposals | - | 16,304 | 1,496 | |||
| At31December | 2022 | 113,432 | 2,494 | 115,926 | ||
| NetBookValue | ||||||
| Broughtforward | at31 | December2023 | 21,718 | - | 21,718 | |
| Carriedforward | at31December2022 | 5,224 | - | 5,224 | ||
| .Investments | ||||||
| £ | ||||||
| MarketValueat | 1stJanuary2023 | 3,230,973 | ||||
| AdditionsatCost | 308,363 | |||||
| Disposalsatcarryingvalue | (271,488) | |||||
| NetGain/(Loss)onrevaluation | 243,235 | |||||
| MarketValueat | 31December2023 | 3,511,083 | ||||
| Historical | Costat | 31December2023 | 3,321,415 | |||
| Analysed | TotalValueofInvestmentsat31December | 2023 | ||||
| Cash&SettlementsPending | - | |||||
| OtherInvestments | 3,511,083 | |||||
| MarketValueat | 31December2023 | 3,230,973 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| TradeDebtors | 157,626 | 174,268 | |
| Prepaymentsandaccruedincome | 49,886 | 37,425 | |
| 207,512 | 211,693 | ||
| 11a.Creditors:Amountsfallingduewithinoneyear | |||
| 2023 | 2022 | ||
| £ | £ | ||
| TradeCreditors | 24,397 | 68,856 | |
| OtherCreditors | 284,056 | 330,112 | |
| Taxation | andSocialSecurity | 120,248 | 33,892 |
| Accruals | 23,914 | 24,051 | |
| Pension | shortfallprovision(lessthanoneyear) | - | 16,185 |
| Deferred | Income | 55,083 | 48,418 |
| 507,698 | 521,514 | ||
| 11b.DeferredIncome | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Brought | forwardat1January2023 | 48,418 | 52,644 |
| Releasedduringtheyear | (48,418) | (52,644) | |
| Deferredduringtheyear | 55,083 | 48,418 | |
| Carried | forwardat31December2023 | 55,083 | 48,418 |
| Deferred | incomerelatestomembershipsubscriptionsrelatingtofutureyears. |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| PensionShortfall | Provision | - | 198,174 | ||
| - | 198,174 |
| 2022 | 2022 | |
|---|---|---|
| Malescurrentlyaged65(years) | 24.0 | 23.9 |
| Femalescurrentlyaged65(years) | 25.6 | 25.5 |
| Malescurrentlyaged45(years) | 26.0 | 25.9 |
| Femalescurrentlyaged45(years) | 27.4 | 27.3 |
| 2023 | 2022 | |
|---|---|---|
| Discountrate | 4.5% | 4.8% |
| Pensionablesalarygrowth | 2% | 2% |
| 1January2023 | Income | Gains/(losses) | Expenditure | 31°‘December2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| GeneralFund | 3,540,995 | 1,304,277 | 243,235 | 870,985 | 4,217,522 |
| TotalFunds | 3,540,995 | 1,304,277 | 243,235 | 870,985 | 4,217,522 |
| 1January2022 | Income | Gains/(losses) | Expenditure | 31°'December2022 | |
| £ | £ | £ | £ | £ | |
| GeneralFund | 3,651,981 | 1,010,667 | (421,236) | 700,417 | 3,540,995 |
| TotalFunds | 3,651,685 | 1,010,667 | (421,236) | 700,417 | 3,540,995 |
| 2022 | 2022 | |
|---|---|---|
| £ | £ | |
| Grantscommittedintheyear | ||
| FeRSAGrants (1,(2022:1)] |
7,500 | 7,500 |
| MeRSAGrants [3,(2022:3)] |
15,000 | 10,712 |
| EarlyCareer Grants[4,(2022:2)] | 40,000 | 8,653 |
| PolicyExpo [4,(2022:1)] |
9,443 | (10,696) |
| Eventsupportschemesandtravelgrants | 4,300 | 1,000 |
| ResearchNetworks[4,(2022:0)] | 43,328 | (23,309) |
| Pandemics [6,(2022:0)] |
23,444 | (686) |
| Commissionedresearch(0(2022:1) | (3,688) | 29,000 |
| 139,327 | 22,174 | |
| Charitablecommitmentsaccrued | ||
| Grantcommitmentsrecognisedatthestartoftheyear | 169,289 | |
| NewgrantcommitmentschargedtotheSoFAinyear | 135,943 | |
| Grantspaidintheyear(Netofwrite-offs) | (21,175) | |
| Grantcommitmentsrecognisedattheendoftheyear | 284,057 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| GrantmadetotheRegionalStudiesEuropeanFoundation | 33,178 | 10,549 | ||
| CostsrechargedtotheRegionalStudiesEuropeanFoundation | 17,904 | 38,474 | ||
| DonationinkinddonationmadetoRegionalStudiesEuropeanFoundation | - | 16,388 | ||
| AmountsduefromtheRegionalStudiesEuropeanFoundation | - | - |
| 1January2023 | Cashflows | 31December2023 | |||
|---|---|---|---|---|---|
| £ | £ | £ | |||
| Cashat | bankandin | hand | 812,793 | 172,114 | 984,907 |
| 2023 | 2022 | ||
|---|---|---|---|
| BaillieGiffordHighYieldBondFund2015 | 179,278 | 160,900 | |
| Aegonpropertyincomefeeder | 0) | 15,400 | |
| AegonGlobalshortdatedtransitionS inc | 208,289 | 0 | |
| liSharesPhysicalgold | 167,401 | 168,032 | |
| iSharesUKgilts0-5years | 271,813 | 263,449 | |
| BlackrockcashSInc | 49,361 | 62,630 | |
| BrownAdvisoryUSsustainableGrowthfund | 197,573 | 142,468 | |
| C2ResponsibleGlobalequity | SC2 | 176,038 | 156,887 |
| FundsmithsustainableEquity | fund | 173,480 | 163,119 |
| LiontrustMonthlySustFuture | UKgrowthincomebondfund | 215,224 | 223,861 |
| RoyalLondonshortdurationgilts | 273,718 | 264,137 | |
| TrojanEthical BOincome |
170,637 | 316,989 | |
| Rathboneethicalbondinstac | 285,147 | 258,604 | |
| stewartinvestorsAsiapacific | sustainabilityfund | 171,567 | 163,275 |
| Royallondonethicalbondfund | IIMinc |
210,556 | 192,318 |
| AegonEthicalCorporateBond | B | 210,591 | 190,027 |
| HermesSustainableglobalequityclass | 187,947 | 165,570 | |
| MorganStanleysustainable | 183,143 | 158,022 | |
| FPWHEBsustainability | 165,608 | 158,196 | |
| cashheld | 13,711 | 7,089 | |
| 3,511,083 | 3,230,973 |