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# 25 June 2026
|||||TotalFunds|TotalFunds|
|---|---|---|---|---|---|
|||||2025|2024|
||Notes|||£|£|
|INCOMEANDENDOWMENTSFROM:||||||
|CharitableActivities||1||1,327,947|1,270,837|
|OtherTradingActivities||4||13,900|18,339|
|Investments||||92,637|101,040|
|TOTALINCOME||||1,434,484|1,390,216|
|EXPENDITUREON:||||||
|Raisingfunds—investmentmanagementcosts:||||44,260|26,804|
|CharitableActivities|||3|1,271,284|1,048,866|
|TOTALEXPENDITURE||||1,315,544|1,075,670|
|NetGainsonInvestments|||9|152,339|177,073|
|NETINCOMEFORTHEYEAR|||2|271,279|491,619|
|NETMOVEMENTINFUNDS||||271,279|491,619|
|ReconciliationofFunds:||||||
|TotalFundsBroughtForward||||4,709,141|4,217,522|
|TOTALFUNDSCARRIEDFORWARD||||4,980,420|4,709,141|
##
|||2025|2024|
|---|---|---|---|
||Notes|£|£|
|FIXEDASSETS||||
|TangibleAssets|8|58,928|88,366|
|Investments|9|4,122,461|3,940,122|
|||4,181,389|4,028,488|
|CURRENTASSETS||||
|Debtors|10|205,374|173,092|
|CashatBank||1,021,651|844,316|
|||1,227,025|1,017,408|
|CURRENTLIABILITIES||||
|Creditors:AmountsFallingDueWithinOneYear|ila|427,994|336,755|
|NETCURRENTASSETS||799,031|680,653|
|TOTALNETASSETS||4,980,420|4,709,141|
|RepresentedBy:||||
|UnrestrictedGeneralFund|13|4,980,420|4,709,141|
##
|||2025|2024||
|---|---|---|---|---|
||Notes|£|£||
|Cashflowsfromoperatingactivities:|||||
|Netcashprovidedbyoperatingactivities|a|141,075|91,589||
|Netcashprovidedby(usedin)investingactivities||36,260|(232,180)||
|Changeincashandcashequivalentsinthereportingperiod||177,335|(140,591)||
|Cashandcashequivalentsatthebeginningofthereportingperiod|
=b|844,316|984,907||
|Cashandcashequivalentsattheendofthereportingperiod|b|1,021,651|844,316||
|aReconciliationofnetincome/(expenditure)tonetcashflowfromoperatingactivities|||||
|Netincome/(expenditure)forthereportingperiod(as|||||
|perthestatementoffinancialactivities)||271,279||491,619|
|Adjustmentsfor:|||||
|Depreciationcharges||37,438||14,606|
|Dividendsandinterestreceived||(74,260)||(101,040)|
|Unrealised(gains)/lossoninvestments||(152,339)||(177,073)|
|Decrease/(Increase)indebtors||(32,282)||34,420|
|(Decrease}/increaseincreditors||91,239||(170,943)|
|Netcashprovidedby(usedin)operatingactivities||141,075||91,589|
|Cashflowfrominvestingactivities|||||
|Purchaseofinvestments||(1,687,090)||(6,646,996)|
|Proceedsfromsaleofinvestments||1,657,090||6,395,030|
|Dividendsandinterestreceived||74,260||101,040|
|Purchasefixedasset||(8,000)||(81,254)|
|NetCashflowfromInvestingactivities||36,260||(232,180)|
|bAnalysisofcashandcashequivalents|||||
|Cashinhand||1,021,652|844,316||
|Totalcashandcashequivalents||1,021,652
a|844,316||
|31|||||
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||2025|2024|
|---|---|---|
||£|£|
|Members’Subscriptions|106,580|109,557|
|ConferenceIncome|451,404|395,606|
|RegionalStudiesJournals/publications|769,963|765,674|
||1,327,947|1,270,837|
##
##
||2025|2024|
|---|---|---|
||£|£|
|Thisisstatedaftercharging:|||
|Depreciation|||
|-TangibleFixedAssets|37,438|14,606|
|Auditor’sremuneration|||
|-AsAuditor|15,950|15,400|
||||||||Totals2024|361,523|47,760|424,057|160,439|55,087|687,343|1,048,866|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Totals2025|503,785|61,375|484,141|176,283|45,700|767,499|1,271,284|
||||||Other|Publication|costs||||11,403|2,957|49,648|49,648|
||||||Research&|Grants|Activities|127,214|7,940|62,637|22,807|5,912|99,296|226,510|
||||||Journal||Costs|97,574|10,136|79,953|29,112|7,547|126,748|224,322|
|||||||Conference&|Eventscosts|262,801|31,949|252,018|91,764|23,789|399,520|662,321|
|3.Expenditureoncharitableactivities||||||Membership|Costs|DIRECTCOSTS
16,196|OFFICERUNNINGCOSTS
7,380|STAFFCOSTS
58,215|OTHERCOSTS
21,197|GOVERNANCECOSTS
5,495|SUPPORTCOSTS
92,287|TOTALS
108,483|
##
##
||2025|2024|
|---|---|---|
||£|£|
|MiscellaneousIncome|668|1,146|
|RechargestoRSAEurope|9,632|13,593|
|WebHostingincome|3,600|3,600|
||13,900|18,339|
##
||2025|2024|
|---|---|---|
||£|£|
|Meetings|29,650|39,687|
|AuditFees|16,050|15,400|
||45,700|55,087|
##
##
||2025|2024|
|---|---|---|
||£|£|
|SalariesandWages|335,385|318,518|
|Employer’sNIContributions|32,521|32,857|
|Terminationcosts|61,700|28,296|
|PensionContributions|37,066|40,672|
||466,672|420,343|
||2025|2024|
|KeyManagementPersonnel|1
i|**3**|
||||2025|2024|
|---|---|---|---|---|
|£70,000|-|£80,000|-|1|
|£80,000
£140,000|-
|£90,000
-£150,000|-
1|1
-|
|Theaveragenumberofemployeesduringtheyearwas8madeupasfollows:|||
|---|---|---|
||2025|2024|
|ManagementandAdministration|1|2|
|Support|Z|4|
||8|&|
##
##
##
##
||Computer||Office||||
|---|---|---|---|---|---|---|
||Equipment||Furniture||Total||
||£||£||£||
|Cost|||||||
|At01January2025|202,993||2,494||205,487||
|Additions|8,000|||-|8,000||
|Disposals||-||||-|
|At 31December2025|210,993||2,494||213,487||
|AccumulatedDepreciation|||||||
|At01January2025|114,627||2,494||117,121||
|Chargefortheyear|37,438|||-|37,438||
|Disposals||-||||-|
|At 31December2025|152,065||2,494||154,559||
|NetBookValue|||||||
|Carriedforwardat31December2025|58,928|||-|58,928||
|Brought forward1January2025|88,366|||-|88,366||
##
##
||2025|2024|
|---|---|---|
||£|£|
|TradeCreditors|23,753|11,379|
|OtherCreditors|247,295|215,355|
|TaxationandSocialSecurity|10,407|26,085|
|Accruals|99,998|30,340|
|DeferredIncome|46,540|53,596|
||427,993|336,755|
##
|||2025|2024|
|---|---|---|---|
|||£|£|
|Brought|forwardat1January2025|53,596|55,083|
||Releasedduringtheyear|(53,596)|(55,083)|
||Deferredduringtheyear|46,540|53,596|
|Carried|forwardat31December2025|46,540|53,596|
##
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##
||2025|2024|
|---|---|---|
|Malescurrentlyaged65(years)|23.8|23.7|
|Femalescurrentlyaged65(years)|25.5|25.4|
|Malescurrentlyaged45(years)|25.7|25.6|
|Femalescurrentlyaged45(years)|27.2|27.2|
##
||1°January2025|Income|Gains/(losses)|Expenditure|31%tDecember2025|
|---|---|---|---|---|---|
||£|£|£|£|£|
|GeneralFund|4,709,141|1,434,484|152,339|1,315,544|4,980,420|
|TotalFunds|4,709,141|1,434,484|152,339|1,315,544|4,980,420|
||1*January2024|Income|Gains/(losses)|Expenditure|31°tDecember2024|
||£|£|£|£|£|
|GeneralFund|4,217,522|1,390,216|177,073|1,075,670|4,709,141|
|TotalFunds|4,217,522|1,390,216|177,073|1,075,670|4,709,141|
##
##
##
||2025|2024|
|---|---|---|
||£|£|
|Grantscommittedintheyear|||
|FeRSAGrants
(4,(2024:1)]|7,500|7,500|
|MeRSAGrants
[2,(2024:1)]|10,000|5,111|
|EarlyCareerGrants[2,(2024:0)]|20,000|-|
|PolicyExpo
[3,(2024:2)]|30,000|27,665|
|Eventsupportschemesandtravelgrants|2,560|2,193|
|ResearchNetworks[4,(2024:4)]|37,500|37,500|
|Startupgrants
(9)(2024:0)|9,000|-|
||116,560|79,969|
|Charitablecommitmentsaccrued|||
|Grantcommitmentsrecognisedatthestartoftheyear|158,658||
|NewgrantcommitmentschargedtotheSoFAinyear|116,560||
|Grantspaidintheyear(Netofwrite-offs)|{80,540)||
|Grantcommitmentsrecognisedattheendoftheyear|194,678||
##
||2025|2024|
|---|---|---|
||£|£|
|GrantmadetotheRegionalStudiesEuropeanFoundation|20,764|20,001|
|CostsrechargedtotheRegionalStudiesEuropeanFoundation|9,632|13,593|
|DonationinkinddonationmadetoRegionalStudiesEuropeanFoundation|4,061|5,107|
|AmountsduefromtheRegionalStudiesEuropeanFoundation|||
##
||||1January2025|Cashflows|31December2025|
|---|---|---|---|---|---|
||||£|£|£|
|Cashat|bankandin|hand|844,316|177,336|1,021,651|
##