|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|
|12.|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)|
##