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|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|
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# 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||
##
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##
||||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|