2021-12-31-accounts - The British Academy Of Management

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TRUSTEES		Professor	L M Anderson	(resigned	(resigned	(resigned	(resigned	31.12.21)
		Professor	P N H Beech	(President)
		Professor	E Bell (resigned		31,12.21)
		Professor	N E Cornelius	(resigned				31.12.21)
		Professor	K Mason (Chair)
		Professor	M Meadows	(resigned				31,12,21)
		Professor	N O'Regan (resigned				31.12.21)
		Dr N Pyper (Treasurer)
		Professor	H J Shipton (resigned				31.12.21)
		Professor	M L Loon (resigned			31.12.21)
		Professor	SP Papagiannidis
		Professor	MS Sliwa
		Professor	$ Decker (appointed				1.1.22)
		Professor	E L Parry (appointed				1.1.22)
		Dr R J Glennon (appointed			1.1.22)
		Dr A J B Roberts (appointed				1.1.22)
		Dr K E Black (appointed		1.1.22)
		Professor	P Budhwar (appointed					1.1.22)
		Professor	D BSarpong	(appointed				1.1.22)
REGISTERED	OFFICE	Five Kings	House
		Queen Street Place
		London
		EC4R 1QS
REGISTERED	COMPANY	05869337 (England and Wales)
NUMBER
REGISTERED	CHARITY	1117999
NUMBER
INDEPENDENT	EXAMINER	Knox Cropper LLP
		Chartered	Accountants
		65 Leadenhall Street
		London
		EC3A 2AD
CHIEF EXECUTIVE		Madeleine	Barrows
INVESTMENT	MANAGERS	Rathbone	Investment Management
		Port of Liverpool Building
		Pier Head
		Liverpool
		L3 1NW
BANKERS		The Co-operative Bank		p.l.c.
		P.O. Box 101
		1 Balloon	Street
		Manchester
		M60 4EP

							2021	2020
					Unrestricted	Restricted	Total	Total
				Notes	fund f	funds f	funds f	fundsf
INCOME AND ENDOWMENTS			FROM
Charitable activities
Charitable					489,820	100,000	589,820	479,262
Investment income					4,987		4 987	481
Total					494,807	100,000	594,807	479,743
EXPENDITURE ON
Raising funds					2 111		2 111	846
Charitable activities
Charitable					487,528	100,000	587,528	758,871
Total					489,639	100,000	5897639	759,717
Net gains on investments					28,772		28 772	16,416
NET INCOME/(EXPENDITURE)					33,940		33,940	(263,558)
RECONCILIATION	OF FUNDS
Total funds brought		forward			667,288		667 288	930846
TOTAL FUNDS CARRIED FORWARD					701,228		701,228	667,288

					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E
FIXEDASSETS
Tangible assets		14	22,325		22,325	30,989
Investments		15	342,654		342 664	215,993
			364,979		364,979	246,982
CURRENT ASSETS
Debtors		16	177,393		177,393	155,747
Cash at bank and	in hand		329 263		329,263	412,259
			506,656		506,656	568,006
CREDITORS
Amounts falling due within one year		17	(170,407)		(170,407)	(147,700)
NET CURRENT ASSETS			336249		336,249	420 306
TOTAL ASSETS	LESSCURRENT
LIABILITIES			701,228		701,228	667,288
NET ASSETS			701 228		701,228	667,288
FUNDS		19
Unrestricted funds					701 228	667,288
TOTAL FUNDS					701 228	667,288

		2021	2020
	Notes	E	E
Cash flows from operating activities Cash generated from operations	1	9,853	~84,817)
Net cash provided by/(used in) operating	activities	9,853	~84,817)
Cash flows from investing activities Purchase oftangible fixed assets Purchase of fixed asset investments		(1,049) (100,000)	(6,385) (200,000)
Sale of tangible fixed assets Dividends received		1,102 4,987	481
Investment management fees		2 111	423
Net cash used in investing activities		$92,849)	)288,481)
Change in cash and cash equivalents in the reporting period		(82,996)	(290,298)
Cash and cash equivalents at the beginning ofthe reporting period		412,259	702,557
Cash and cash equivalents at the end ofthe reporting period		329 263	412,259

	RECONCILIATION	OF NET	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	TO NET CASH	FLOW FROM	OPERATING
	ACTIVITIES
							2021	2020
								E
	Net income/(expenditure) for the reporting Statement of Financial Activities)				period (as	per the	33,940	(263,558)
	Adjustments for: Depreciation charges Gain on investments						9,296 (28,772)	9,219 (16,416)
	Profit on disposal of Dividends received	fixed assets					(685) (4,987)	(481)
	(Increase)/decrease Increase/(decrease)	in debtors in creditors					(21,646) 22,707	262,666 )76,247)
	Net cash provided	by/(used		in) operations			9,853	)84,817)
2.	ANALYSIS OF CHANGES		IN	NET FUNDS
						At 1.1,21	Cash flow	At 31.12.21
							F	F
	Net cash
	Cash at bank and in	hand				412269	~82 996)	329,263
	Total					412,259	~82,996)	329 263


3.	INVESTMENT INCOME
					2021	2020
						E
	Investment income				~4987	481
	INCOME FROM CHARITABLE ACTIVITIES
					2021	2020
			Activity		F	E
	Grants		Charitable		100,000	100,000
	Members' subscriptions		Charitable		97,977	80,639
	Journal subscriptions		Charitable		2 233	2,138
	Annual conference		Charitable		104,073	21,965
	Workshop income		Charitable		58,716	61,699
	Journal publishing income		Charitable		223,979	205,671
	Special interest groups		Charitable		2,842	6,730
	Other income		Charitable			420
					589,820	476,262
	Grants received, included	in the above, are as		follows:
					2021	2020
					E	F
	Society for the Advancement		of Management	Studies	100,000	100,000
5.	RAISING FUNDS
	Investment management		costs
					2021	2020
					f.	E
	Portfolio management				2 111	846

6.	CHARITABLE	CHARITABLE	ACTIVITIES COSTS	ACTIVITIES COSTS	ACTIVITIES COSTS
							Grant
							funding	of
							activities		Support
						Direct	(see note		costs (see
						Costs	7)		note 8)	Totals
						E	E		E	F
	Charitable					183,871	99181		304,476	587 528
7.	GRANTS	PAYABLE
									2021	2020
										E
	Charitable								99181	108,386
	The total	grants	paid to institutions		during	the year was as follows:
									2021	2020
										E
	Middlesex	University		of London					50,000	49,761
	Loughborough		University						50,000	50,000
	University	of Roehampton								(1,356)
	University	of Liverpool								(1,944)
	Brunel University									6,000
	University	ofWest England							(819)
	University	of Edinburgh								3,990
	Liverpool Newcastle	John Moores University University								3,526 ~1,5911
									99 181	108,386

	grant made	in prior years	.
8.	SUPPORT	COSTS
					Information	Governance
			Management	Finance	technology	costs	Totals
			E	E	E	E	F
	Charitable		222 881	49,873	23,672	8250	304,476

			2021	2020
			F	f.
Depreciation		- owned assets	9,296	9,218
Surplus	on	disposal offixed assets	~685)

		2021	2020
		f	E
Wages	and salaries	212,175	226,034
Social	security costs	18,193	19,080
Other	pension costs	4,579	4,760
		234 947	249,874

	2021	2020
Administration	6	7

COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
				E
INCOME AND ENDOWMENTS		FROM
Charitable activities
Charitable			379,262	100,000	479,262
Investment income			481		481
Total			379,743	100,000	479,743
EXPENDITURE ON
Raising funds			846		846
Charitable activities
Charitable			655,871	103,000	758,871
Total			656,717	103,000	759,717
Net gains on investments			16,416		16416
NET INCOME/(EXPENDITURE)			(260,558)	(3,000)	(263,558)
RECONCILIATION OF FUNDS
Total funds brought	forward		927,846	3,000	930,846
TOTAL FUNDS CARRIED FORWARD			667,288		667,288

14.	TANGIBLE FIXEDASSETS
		Improvements	Fixtures
		to	and	Computer
		property	fittings	equipment	Totals
		E		E
	COST
	At 1 January 2021	25,519	8,381	22,170	56,070
	Additions Disposals		99	950 ~835)	1,049 ~835)
	At 31 December 2021	25,519	8,480	22,285	56 284
	DEPRECIATION
	At 1 January 2021	5,105	4,673	15,303	25,081
	Charge for year Eliminated on disposal	5,104	1,096	3,096 ~418)	9,296 ~418)
	At 31 December 2021	10,209	5,769	17,981	33,959
	NET BOOK VALUE
	At 31 December 2021	15,310	2,711	4,304	22,325
	At 31 December 2020	20,414	3,708	6,867	30,989
15.	FIXEDASSET INVESTMENTS
					Listed
					investments
					E
	MARKET VALUE
	At 1 January 2021				215,993
	Additions				100,000
	Investment Manager Fees				(2,111)
	Unrealised gains/(losses)				28772
	At 31 December 2021				342 654
	NET BOOK VALUE
	At 31 December 2021				342 654
	At 31 December 2020				215,993

	Cost or valuation	Cost or valuation	Cost or valuation	at 31 December 2021 is represented	at 31 December 2021 is represented	by:
								Listed
								investments
	Valuation	in 2021						16,416
	Valuation	in 2022						28,772
	Cost							297,466
								342,654
16.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE					YEAR
							2021	2020
								E
	Trade debtors						2,612	7,342
	Prepayments		and	accrued income			174,781	148,405
							177,393	155 747
17.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONE YEAR
							2021	2020
								E
	Trade creditors						4,836	9,502
	Social security		and other		taxes		6,905	6,166
	VAT						933	1,305
	Other creditors						64,202	31,529
	Deferred	income					36,750	47,343
	Accrued	expenses					56,781	51,855
							170407	147,700

Minimum lease payments under non-cancellable op	erating leases fall due as follows;
	2021	2020
Within one year	40,137	34,400
Between one and five years	73023	113,117
	113,160	147,517

MOVEM	ENT	IN FUNDS
								Net
								movement	At
							At 1.1.21	in funds	31.12.21
							E	F	E
Unrestricted		funds
General	fund						667,288	33,940	701,228
TOTAL	FUNDS						667 288	33,940	701 228
Net movement		in funds,	included			in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
							F	F
Unrestricted		funds
General	fund					494,807	(489,639)	28,772	33,940
Restricted funds
Society	for the Advancement				of
Management		Studies				100,000	(100,000)
TOTAL	FUNDS					594 807	~589639)	28,772	33940
Comparatives		for movement			in	funds
								Net
								movement	At
							At 1,1,20	in funds	31.12.20
								E
Unrestricted		funds
General	fund						927,846	(260,558)	667,288
Restricted funds
ANZAM/BAM		Collaborative		Research
Fund							3,000	(3,000)
TOTAL	FUNDS						930,846	~263,558I	667,288

Compara	tive	net movement	in funds, inclu	ded in the abov	e are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	F	E
Unrestricted		funds
General	fund			379,743	(656,717)	16,416	(260,558)
Restricted		funds
ANZAM/BAM Collaborative			Research
Fund					(3,000)		(3,000)
Society	for the Advancement		of
Management		Studies		100,000	)100,000)
				100000	~103000)		~3,000)
TOTAL	FUNDS			479,743	)759,717)	16,416	)263,558)