REGISTERED COMPANY NUMBER: 05869337 (England and Wales)
REGISTERED CHARITY NUMBER: 1117999
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2024
THE BRITISH ACADEMY OF MANAGEMENT
LIMITED

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Reference and Administrative Details
Report of the Trustees
2 to 12
Report of the Independent Auditors
13 to 16
Statement of Financial Activities
17
Balance Sheet
18
Cash Flow Statement
19
Notes to the Cash Flow Statement
20
Notes to the Financial Statements
21 to 33
Detailed Statement of Financial Activities
34 to 36

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Reference and Administrative Details
for the Year Ended 31 December 2024
TRUSTEES
Professor K Mason {President)
Professor M A Sliwa (resigned 31.12.24)
Professor S Decker
Professor E L Pary (Chair)
Dr R J Glennon
Professor A J B Roberts
Dr K E Black
Professor P Budhwar
Professor D B Sarpong
Dr C D Thomton (Treasurer}
Professor K J Bebbington (resigned 31.12.24)
Professor S K Robinson
Professor Z J Morrison (appointed 1.1.24) (resigned 16.7.24)
Professor E K MacDonald (appointed 1.1.25)
Dr E L Yarrow (appointed 1.1.25)
REGISTERED OFFICE
Five Kings House
Queen Street Place
London
EC4R 1QS
REGISTERED COMPANY
NUMBER
05869337 (England and Wales)
REGISTERED CHARITY NUMBER 1117999
AUDITORS
Knox Cropper LLP
Chartered Accountants and Statutory Auditors
65 Leadenhall Street
London
EC3A 2AD
CHIEF EXECUTIVE
Madeleine E C Barrows (resigned
28.11.24}
Jack Harrington (appointed 1.12.24)
INVESTMENT MANAGERS
Rathbone Investment Management
8 Finsbury Circus
London
EC2M 7AZ
The Co-operative Bank p.l.c.
P.0. Box 101
1 Balloon Street
Manchester
M60 4EP
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THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Report of the Trustees
for the Year Ended 31 December 2024
The trustees who are also directors of the charity forthe purposes of the Companies Act 2006, presenttheir report
with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) {effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The British Academy of Management (BAM) is the leading authority on the academic field of business and
management in the UK, supporting and representing the community of scholars and engaging with international
peers. Our main purpose. as set out in our governing document, is to advan￿ education in the disciplines of
business and management. In particular. BAM exists to:
Promote an interdisciplinary programme of research and collaboration to produce an integrated body of
knowledge and to serve as an inter-disciplinary forum for those engaged in an academic examination of all
types of organisation and management studies"
Further the development of education for both managers and students of organisations in the United Kingdom;
Promote the interests of management and business research in relation to outside bodies including funding
agencies and other leamed societies
Provide services to members. which include training. networking and career development through the life
course.
BAM aims to provide a welcoming and supportive. pluralistic community of scholarship in the full field of
management.
In setting BAM'S objectrves and agreeing our main activities, the Trustees have regard to the Charity Commission's
general guidance on public benefit. BAM'S objectives are understood as a public benefit in that they strengthen
the interests and impact of management and business studies research and teaching. This is a benefit to both a
large academic community and to the wider public served by that community.
To achieve BAM'S charitable objectives. the Trustees launched a new Strategy for the period 2024-2028. The
strategy builds on the success of BAM'S previous four-year strategy. A set of five priorities were developed to
meet BAM'S legal charitable objectives in two ways. Firstly, frve strategic priorities enable BAM to tackle major
challenges currently facing the business and management studies community, such as impacts on mental health
and the disruption caused by Artificial Intelligen￿.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
for the Year Ended 31 December 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims continued
These strategic priorities are.
to facilitate the impact of business and management research on practice and policy.,
supporting the sector in addressing the challenges brought by artificial intelligence and digitisation-
promoting wellbeing and positive mental health in business and management academics and doctoral
researchers.,
supporting the development of good equality. diversty. inclusivity and respect practice across the sector,. and
ensuring sustainability is central to all BAM'S activities.
Secondly, BAM'S strategy aims to strengthen our ability to deliver our charitable objectives through a series of
supporting priorities. These include..
doubling membership by 2028"
strengthening existing partnerships. and creating new partnerships with relevant national and intemational
bodies-
engaging Council. Fell0v￿, Companions and Special Interest Group leadership as key elements of the BAM
community. in line with our strategic priorities-
reviewing the activities of BAM to ensure their long-temi fijture sustainability-
developing more effective ways of engaging with our intemal and external communities.
BAM'S progress in achieving these strategic priorities is detailed in the Perfomiance section of this report.
The Strategy provides longer term purpose and direction for the main activities that BAM undertakes in relation to
our charitable purposes. These activities indude=
Delivering Academy workshops for research. capacity building and praCti￿/polIcY engagement, including our
Management Knowledge Education (MKE) Teaching Practice Conference
Delivering workshops for 24 Special Interest Groups and three Networks
Organising and hosting the Academys annual conference
Organising and hosting symposia for doctoral students
Organising development programmes for a range of career stages and roles, such as Directors of Research.
leaders of engagement", and teaching-focused and research-focused mid-career academics
Maintaining a Peer Review College to build reviewing capacity and skills
Publishing two field-leading joumals and a book series on the impact of business & management research
Promoting the findings of academic research to policymakers and the wider public
Providing research grants from a competitive process, including in partnership with other learned societies
Collaborating with sister academies further our charitable purposes
Together these activities enable BAM to serve the interests of business and management studies academics and
meet the needs of our members. A key resource BAM makes use of to deliver our activities is the volunteers who
serve on BAM'S Executive Committee. Council. Special Interest Groups. Tracks and other groups as well as our
journal editors. These are supported by a team of seven full time staff and various part time staff and contractors.
Details of their roles and the wider organisational structure are outlined in the Structure. Governance and
Management Section.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
for the Year Ended 31 December 2024
STRATEGIC REPORT
Achievements and performance:
Introduction and summary
While we had anticipated a tough environment in 2024. we continued to deliver our main activities. Growth in
membership income and over-demand for Conference tickets both point to the continuing popularity of our offering
to the community we serve, even in times of unceriainty in the higher education sector.
Conference
The Annual Conference continues to be in demand and to attract scholars across the UK and globally. The 38th
edition of the BAM Conference in September 2024 welcomed over 1,100 delegates from 58 countries. Hosted at
Nottingham Business School. Nottingham Trent University. the conference received delegates from 386
institutions. Students comprised 290/0 of delegates. The Doctoral Symposium that precedes the conference
continues to grow in popularity.
Community events and capacity building
Our 24 Special Interest Groups and three Networks are member-led groups. which are central to our efforts in
engaging and supporting our community of business and management studies academics. In 2024, we officially
launched the newest of these Ne￿OrkS. the Early Career Academic Network. Together these groups produce an
impactful programme of events and other activities.
In 2024, BAM supported 96 events, that recetved over 4.800 registrations. Most events are online, reflecting
sector-wide trends. This blend of online. in-person and hybrid events enables BAM to balance promoting effective
ne￿OrkIng with reducing barriers to access for our communty.
The provision of development programmes continues to be a key means by which BAM builds capacity across
career stages, particularly through the following: Development Programme for Directors of Research (delivered
jointly with the Chartered Association of Business Schools (CABS)), Becoming a Research-oriented Professor
and the Education Focused Professor.
BAM'S support for building capacity in Management Knowledge and Education (MKE) was evidenced through our
largest ever MKE Teaching Practice Conferen￿. This gave participants an opportunity to share innovations in
teaching practice.
This year, BAM has recruited a fourth cohort to our Peer Review College. The College now has 37 Fellows and
119 Members. The College continues to build a pool of reviewers to support ourjournals. grant-making and annual
conference.
Awards
Recognising excellence and leadership in our communty is essential to our mission. In 2024, we made several
awards, including recognition of the outstanding leadership and dedication of our former CEO, Madeleine Barrows
who was awarded the inaugural BAM Medal for Communities. Our most senior award, the Richard Whipp Lifetime
Achievement Award was awarded to Professor Neal Ashkanasy and Professor William Starbuck.
Professor Susan Vinnicombe CBE was given the Cooper Medal for Outstanding Leadership and Contribution., the
BAM Medal for Knowledge Development was awarded to Professor Mark Saunders. Professor Arabella Destri Li
Mocciaro was awarded the BAM Medal for Leadership. The inaugural BAM Medal for Contribution by Early Career
Academics went to Dr Sahar Bakr. Dr Rebecca Beech and Dr Mollie Bryde-Evens.
2024 also marked the launch of the John G. Burgoyne Memorial Prize for Management Leaming. honouring BAM
Fellow John Burgoyne. The inaugural winner was Professor Ann Cunltffe.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
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We were also delighted to welcome Professor Kevin Lowe (former President of the Australian & New Zealand
Academy of Management), Professor Camien Cabello-medina {former President of ACEDE). and Professor Xose
Vasquez (President of ACEDE) as Companions of BAM.
Ourjournals celebrated their best papers and reviewers, and our annual teaching practice competition once again
saw an excellent number of entries. Finally, we honoured three leading members of the BAM community with BAM
Fellowships for their significant contributions to BAM and to scholarship= Professors Stephanie Decker.
Emmanuella Plakoyiannaki. and Catherine Wang.
Publications and grants
January 2024 saw the commencement of the new publishing partnership agreement with Wiley, supporting and
sustaining ourjournals for another five years. In 2024. thejoumals re￿iVed over 2,000 submissions and published
over 120 articles, with over 1.7m views. The launch of the MKE section of the British Journal of Management is a
further example of BAM'S commitment to supporting scholarly excellence in themes that matter to our community.
The Management Impact book series. prodU￿d in partnership with Routledge. continues to identify best practice
and set agendas in our field. In 2024, we published 'lmpact in Doctoral Education: Product, Person and Process,
by Emma Parry and Colin Pilbeam.
A funding call for the Transitions 1 (early career). Transitions 2 (more experienced researchers) and Management
Knowledge and Education (MKE) research grant schemes were launched in Autumn 2024. Eligibility for the MKE
research grant scheme was opened to applicants without a doctorate but with equivalent research experience.
This is an important step in acknowledging the diversity of experience that contributes to effective MKE research.
With the Society for the Advancement of Management Studies (SAMS), we also redeveloped the annual grant
scheme, following the planned pause for review during 2022. and awarded the new scheme for the first time during
2024. offering £60,000.
International collaborative research grants continue to be a vital part of our offering to support our members in our
mission to build a thriving pluralistic community. Over the past 12 months, we have supported our community by
re-running two collaborative research awards, using our own resources and in partnership with our international
sister bodies, the Irish Academy of Management (IAM) and Societa Italiana di Management (SIMA) resulting in
the award of two grants for a total of £8,000. Work on the collaborative research project funded in partnership with
Australian & New Zealand Academy of Management (ANZAM) in 2023 has continued into 2025. A 2025 funding
round for all three partnerships was launched in late 2024.
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STRATEGIC REPORT
Achievements and performance
Charitable Activities
Policy and advocacy
We partnered with the Chartered Institute of Personnel and Development (CIPD) to run workshops related to
engagement between academics and practitioners and policy-makers at the BAM and CIPD annual conferences
in 2024. We will build on the insights drawn from these workshops with further events at these conferences in
2025 and the development of other events designed to bring academics, practitioners and policy-makers together.
BAM has shared our views on the Research Excellence Framework (REF) exercise, due in 2029, on equality.
diversity and inclusion in academia,. and on open access. To do this. we worked with organisations including the
British Academy. the Academy of so￿al Sciences, the Chartered Association of Business Schools (CABS). and
the Society Publishers Coalition.
BAM plays a central role in supporting the interests of our members in shaping higher education policy and in
highlighting the impact of business and management research. For example, BAM represents the sector on the
British Academy Strategic Forum for Social Sciences. Our CEO, Jack Harrington. is a member of the Chartered
Association of Business Schools, (CABS) Policy Committee and the Academy of Social Sciences. Policy Working
Group. Through these channels, BAM ensures that the priorities of our community are incorporated in wider policy
work relating to the social sciences and in engagement with Business Schools.
International Partnerships
In 2024, a shared membership scheme came into effect following the signing of a memorandum of understanding
with our sister academy in Spain. La Asociacion Cientifica de Economia y Direccion de la Empresa (ACEDE). Our
CEO, Madeleine Ba￿owS and our President. Professor Katy Mason attended the XXXIII International Conference
of ACEDE in València. Our Chair. Professor Emma Parry. attended the 2024 IAM conference in Cork and spoke
at the SIMA Festival of Management in Milan. We also welcomed colleagues from IAM, SIMA. ACEDE. the
Academy of Management {AOM) and the Australian and New Zealand Academy of Management (ANZAM) to our
conference in 2024. The joint grant schemes we ran in 2024. mentioned above. are also a major aspect of our
partnerships with our sister academies. The schemes are intended to promote and build capacity for international
collaboration in business and management studies.
Financial review
Financial overview and major risks
Continuing uncertainty and financial constraints in the HE sector present a challenge for leamed societies like
BAM. This is because much of our income is derived from Higher Education Institutions (HEIS) and their staff. Cuts
to training and development budgets create a particulady challenging environment. This can be seen most clearly
in the decline in income from workshops from £195K in 2023 to £118K in 2024.
Generally, financial risks from our main activities have been mitigated by deliberate efforts in previous years to
ensure income is diversffied. Approximately 400/0 of BAM'S income is derived from our Annual Conference. Just
over a quarter of income comes from publishing and the remainder comes from workshops and membership fees.
Reductions in HEI budgets pose a risk to workshops, memberships and conference attendance. These risks are
mitigated by ensuring prices remain competitive and that these activities continue to be relevant for our
membership. While many members are se￿-funded. the ability of HEIS to pay for BAM'S offering remains a key
factor in our financial success in the short term.
The main other factors affecting our financial performance relate to cost. Some costs have inevitably increased
due to inflation. We have seen higher costs for events including the conference. Most other costs have remained
relatively stable, such as IT provision. The securing of a new lease has also redU￿d risks associated with the cost
of office space.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
for the Year Ended 31 December 2024
STRATEGIC REPORT
Financial review
Principal funding sources
The Annual Conference is the main source of funding for BAM. Income from the Conference in 2024 was
comparable to 2023, at around £370K. though costs were higher. The continuing popularity of the Conference
each year makes this a reliable source of income as well as a key way in which we deliver our mission.
Publishing income is likely to remain stable in the short temi. For some years, the shift to Open Access has been
assumed by many to mean the decline of publishing income in the longer term. BAM has been less exposed to
this risk than other leamed societies given that publishing now only contributes a quarter of revenue. While
subscription fees are down, OA fees have led to a small increase in publishing income in 2024 which may continue
into 2025.
Workshop income, principally from Development Programmes. declined noticeabty in 2024. This reflects sector
wide cuts to development budgets. BAM has still been able to deliver successful cohorts of major programmes
such as the Development Programme for Directors of Research. Becoming a Research Oriented Professor and
the Education Focused Professor. Our community's need for these programmes remains strong and BAM is
responding to this by ensuring prices remain affordable and that programmes can be delivered.
In 2024, we increased membership fees for the first time in several years. The standard fee is now £99, and the
student fee is £30. This still makes membership excellent value for money and highly affordable in comparison to
similar offerings. At the same time. the price increase provides BAM with the income we need to provide members
with the support we strive to provide. Our figures for 2024 and provisional figures for the next period suggest that
the revised prices have been accepted. Revenue from membership has increased by just under a fifth.
Our investments began the year with a value of £342.532 and closed at £362,752. This reflects continued
fluctuations in the market. The yield for 2024 was at 3.4 0/0. With a total retum of 9.60/0. This is above the agreed
target of RPl+20/o and an improvement on the performan￿ of our investments in 2023. During early 2024 a new
5-year lease was negotiated at favourable terms. Commencing in November 2024, this will enable the BAM office
to remain at Five Kings House.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
for the Year Ended 31 December 2024
STRATEGIC REPORT
Financial review
Investment policy and objectives
Funds for investment comprise the reserve funds not required to support the normal operational cashflow needs
(including any operational reserves). BAM'S aims to generate annualised retums of RPI plus 20/0 over the long
term, net of fees and expenses. A total return approach is to be adopted. generating the investment return from
income and capital gains or losses.
BAM invests funds in liquid stock market instruments such as shares and bonds of established govemments. The
portFolio is 'medium risk. enabling BAM to benefrt from long term growih. BAM pursues a Socially Responsible
Investment policy in line with our values. These include equality of opportunity for cu￿ent and future generations,
avoidance of investments in arms making or arms deployment, ortobacco. BAM wants our investments to support
companies that promote good social. environmental and govemance policies.
BAM asks that our fund managers respect and followthe Charity Commission guidan￿. The Finance. Investment
and Risk Committee has delegated authority to manage the investment funds and the fund manager. The
committee follows formal rules which adopt cu￿ent best practice behaviour for BAM'S operation, including how
investment decisions are made. how perforrnan￿ is measured in detail and reported, how the fund manager is
chosen and monitored. how often meetings are held between the committee and the fund
manager, and these rules are always made available to the Trustees (Executive Committee) and, if asked. to the
membership at large. The Committee reviews these rules annually.
BAM will not change our investment manager viithout first infomiing the Trustees
(Executive Committee). We report formally on the perfomiance of the investments to the Executive Committee,
and at other times whenever formally asked. and through the Annual General Meeting and the Directors Annual
Report to the membership at large. Investments in the year were made in the Rathbones Core Investment Fund
for Charities.
Reserves policy
The Trustees consider that reserves are required to ensure that the Academy has a sufficient level of working
capital to enable the smooth operation of the Academy. In addition, they consider that additional reserves are
required such that the Academy is in a position to weather a financial shock, whether a reduction in income or an
unexpected increase in costs. A sufficient level of reserves would ensure that. if necessary. the Trustees would
be able to arrange an orderly winding down of the charity's affairs. whereby all of its financial responsibilities and
obligations would be honoured. The Trustees have concluded that net reserves of a value of a minimum of six
months of operating costs are sufficient. The cu￿ent level of net reserves is in excess of this amount.
The level of reserves at 31 December 2024 consists of restricted funds of £38.000 {2023: Nil) and unrestricted
funds of £622.313 (2023.. £653,258).
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
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STRATEGIC REPORT
Future plans
The next four years will focus on the delivery of BAM'S current Strategy. We anticipate that the themes of the
strategic priorities. such as EDIR, wellbeing and sustainability will continue to raise challenges that our members
expect us to address.
This year has seen the launch of a number of initiatives relating to our strategic priorities. These include the White
Paper Series Al in Business & Management research and education. intended to help academics in our field to
navigate their use of these new approaches responsibly and effectively. In subsequent years, we expect these
initiatives to become established. gaining furthertraction among key stakeholders, fostering innovations in practice
and continuing to address emerging issues in a timely and practical manner.
Through our supporting priorities. we expect to further strengthen BAM'S capabilities to deliver its charitable
objectives. For example, growing our membership base will put us in a stronger position to represent the sector.
Better integration of our Council and Special Interest Groups and closer connections with partner institutions will
increase our impact with our community and our ability to represent its interests more widely.
Formal partnerships with sister organisations wll also be part of our efforts to continue to build links between the
UK and the global community of scholars in business and management studies. More generally. we will continue
to welcome academics from around the world to participate in our joumals and events.
Our main activities will continue to focus on meeting the needs of our members and our community in a financially
sustainable way. Conferences, publications, development programmes and membership will therefore remain our
core sources of income. Potential growth will likely be focused on these four areas.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee. incorporated on 7 July 2006 and is registered as
charity. The company was established under a Memorandum of Association, which established the objects and
powers of the charitable company, and is govemed under its Articles of Association. In the event of the company
being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of Trustees
The Trustees are elected by the general membership biennially. VI￿ Chairs may serve a two year term and may
then submit themselves for re-election for a furthertwo yeartemi. The Chair and President, who are also Trustees,
should nomially have previously served as Vice Chairs or Chair. and are elected by the membership for a term of
two years, after which they may submit themselves for election for a further temi. The Treasurer is appointed by
the Council for a term not exceeding 5 years. To provide continuity, elections for President and Chair, and for Vice
Chairs are held in alternate years. The Trustees each have a specific area of responsibility such as Equality.
Diversity, Inclusivity and Respect (EDIR) or Research and Publications. This involves overseeing and developing
content in these areas.
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Trustees are members of an Executive Committee. which govems BAM. It comprises the President, the Chair,
the Treasurer and several Vice Chairs. The Trustees are also part of the Council of approximately forty academics
whose non-trustee members form sub-committees chaired by the VI￿ Chairs. Most members of the Council are
elected for a three-year term by the general membership. Their role is to supervise BAM. They meet at least three
times a year. The Council also has the power to co-opt members onto the Council who hold office for one year.
Council has several members who serve ex-officio, including the editors of ourjournals and the Dean of the College
of Fellows.
The BAM Office supports the Trustees by undertaking operational delivery. Day-to-day responsibility for the
provision of services rests wth a small office team comprising an average of eight full time staff and four part time
contractors in the year under review. The team is led by a CEO. supported by a Head of Operations and Events.
staff have functional responsibility for govemance. communications, events. programme and event delivery,
publications and grant-making.
Induction and training of new trustees
On appointment to the Executive Committee new members undergo an induction process, which includes training
on Trustee responsibilities. Trustees are informed of their legal obligations under charity law and the Charity
Commission guidan￿ on public benefit. This includes discussion of what their responsibilities mean in practice.
They are also provided with information about the charity's financial position. main activities and key stakeholders.
The induction process combines presentations" information packs" and introductions to relevant staff and
committee members.
Key management remuneration
The trustees receive no remuneration for their services other than the reimbursement of out-of-pocket expenses.
The pay of senior staff is reviewed annually. The trustees benchmark salary levels against pay and conditions
available from similar organisations of a similar size. run on a voluntary basis. They aim to align with the
Universities and Colleges Union salary scale.
Changes to personnel
In 2024. our annual elections brought five new members to Council: Nicholas Burton. Andrea Caputo. Laura
Salciuviene, and Victoria Willis. Mairi Maclean was also re-elected for a second temi. We also bid farewell to
Council members Inge Hill. Stephen Linstead, Stephen Procter. and Stefanie Reissner. and thank them for their
valuable contributions.
At the close of 2024, we extended our sin￿re gratitude and farewells to Martyna aiiwa, who served as Vice Chair
for Equality, Diversity, Inclusivity and Respect. and Jan Bebbington. our Vice Chair for Sustainability. Their
leadership and dedication were instrumental in advancing our strategic priorities. Zoe Morrison stepped down as
Co-vice Chair for Special Interest Groups in the middle of 2024 due to leaving the higher education sector and
taking on a senior role in the public sector.
In the BAM Office. early in 2024. we welcomed Justin Brown as Communications and Events Coordinator and
Ines Andrade as Membership and Systems Officer. In November. we said farewell to our CEO. Madeleine
Barrows. Over the course of seven years in post. Madeleine, our first CEO, played a central role in building our
capacity, reach and impact as a learned society. In December 2024. we welcome our new CEO, Dr Jack
Harrington.
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and eThor. A Finance. Investments and Risk
Committee. established separately from Council. advises the Trustees on these matters.
The Trustees have assessed the major risks to vthich the company is exposed, in particular those related to the
operations and finances of the company. and are satisfied that systems and procedures are in pla￿ to mitigate
exposure to the major risks.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of The British Academy of Management Limited for the purposes of
company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure. of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP"
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
anytime the financial position of the charitable company and to enable them to ensure thatthe financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware"
there is no relevant audit information of which the charitable company's auditors are unaware,. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of that information.
AUDITORS
The auditors. Knox Cropper LLP. wll be proposed for re-appointment at the forthcoming Annual General Meeting.
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THE BRITISH ACADEMY OF MANAGEMENT
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Report of the Trustees
for the Year Ended 31 December 2024
Report of the truste
directors, on .
orating a strategic report. approved by order of the board of trustees, as the company
and signed on the board's behalf by:
Professor E L Pary - Trustee
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Report of the Independent Auditors to the Members of
The British Academy of Management
Limited
Opinion
We have audited the financial statements of The British Academy of Management Limited (the 'charitable
company.) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the
Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 De￿rnber 2024 and of its
incoming resources and application of resources. including its income and expenditure, forthe yearthen ended"
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance viith the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the
FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identffied any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concem for a period of at least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
other information
The trustees are responsible for the other infomiation. The other infomiation comprises the information included
in the Annual Report. other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise
explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information and. in
doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If. based on the work we have performed, we
conclude that there is a material misstatement of this other information. we are required to report that fact. We
have nothing to report in this regard.
Page 13

Report of the Independent Auditors to the Members of
The British Academy of Management
Limited
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consistent with the financial statements- and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit. we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report
to you if, in our opinion-
adequate accounting records have not been kept or retums adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of trustees, remuneration specified by law are not made" or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees. Responsibilities. the trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they grve a true and fair view, and for such intemal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or e￿Or.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability
to continue as a going concem, disdosing. as applicable. matters related to going con￿rn and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations. or have no realistic altemative but to do so.
Page 14

Report of the Independent Auditors to the Members of
The British Academy of Management
Limited
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit
conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charitable
company and determined that the most significant are the Statement of Recommended Practice 'Accounting and
Reporting by Charities. (SORP). in accordance with the Financial Reporting Standard applicable in the UK {FRS
102) and the Charities Act 2011,and the Companies Act 2006.
- We gained an understanding of how the Charitable company complied with its legal and regulatory framework,
including the requirement to property account for restricted funds. through discussions with management and a
review of the documented policies. Pro￿dureS and controls.
- The audit team, which is experienced in the audit of charities. considered the Charitable company's susceptibility
to material misstatement and howfraud may occur by considering the key risks impacting the financial statements.
These included risks associated with Revenue Recognition. and Management Override of Controls.
Our approach was to check that the income from donations and investments were properly identified and
accurately disclosed. that membership income was recognised in the CO￿eCt accounting period, and that
expenditure complied with the control Pro￿dureS and was appropriately charged. We also reviewed journal
adjustments and unusual transactions for management override and considered the identification and disclosure
of related party transactions.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and
regulations. Our procedures involved review of the reporting to the trustees with respect to the application of the
documented policies and procedures and review of the financial statements to ensure compliance with the
reporting requirements of the charity.
There are inherent limitations in the audit procedures described above and. the fijrther removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial statements, the less likely
we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the
risk of not detecting one resulting from error. as fraud may involve deliberate concealment by, for example, forgery
or intentional misrepresentations. or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at y￿￿.frC.org.UkIaudlt0rsrespOnSlbI1lties. This description forms part of our Report
of the Independent Auditors.
Page 15

Report of the Independent Auditors to the Members of
The British Academy of Management
Limited
Use of our report
This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an auditors. report and for no other purpose.
To the fullest extent permitted by law. we do notaccept orassume responsibility to anyone otherthan the charitable
company and the charitable company's members as a body, for our audit work. for this report, or for the opinions
we have formed.
James Holland-Leader FCA {Senior Statutory Auditor)
for and on behalf of Knox Cropper LLP
Chartered Accountants and Statutory Auditors
65 Leadenhall Street
London
EC3A 2AD
Date..
Page 16

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
42,000
42,000
Charitable activities
Charitable
880,931
52,000
932,931
954.587
other trading activities
Investment income
20,831
13,247
20,831
13,247
19.630
13.973
Total
915,009
94,000
1.009,009
988.190
EXPENDITURE ON
Raising funds
22.988
4,000
26,988
29,574
Charitable activities
Charitable
946,148
52,000
998,148
938.704
Total
969,136
56,000
1.025,136
968.278
Net gains on investments
23,182
23,182
7,041
NET INCOMEI(EXPENDITURE)
{30,945)
38,000
7,055
26.953
RECONCILIATION OF FUNDS
Total funds brought forward
653,258
653,258
626.305
TOTAL FUNDS CARRIED FORWARD
622,313
38,000
660,313
653.258
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes fonn part of these financial statements
Page 17

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Balance Sheet
31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Investments
16
17
5,844
362,752
12.153
342.532
362.752
368,596
368.596
354,685
CURRENT ASSETS
Debtors
Cash at bank and in hand
18
205,280
220,735
205,280
258,735
238.498
287.232
38,000
426,015
38.000
464.015
525,730
CREDITORS
Amounts falling due within one year
19
(172,298)
(172,298)
(227.157)
NET CURRENT ASSETS
253,717
38,000
291,717
298.573
TOTAL ASSETS LESS CURRENT
LIABILITIES
622.313
38,000
660,313
653.258
NET ASSETS
622,313
38,000
660,313
653,258
FUNDS
Unrestricted funds
Restricted funds
21
622,313
38,000
653.258
TOTAL FUNDS
660,313
653.258
The financial statements were approved by the Board of Trustees and authorised for issue on
of:o2.2025.... ... .. .. and were signed on its behalf by:
E L Parry - Trustee
K Mason - Trustee
The notes fonn part of these financial statements
Page 18

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Cash Flow Statement
for the Year Ended 31 December 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
39.245)
148.811)
Net cash used in operating activities
39.245)
148.811)
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Dividends received
Movement in cash at investment manager
(2.499)
(2,653)
(144)
1.110
3,959
9,288
2.962
4,768
9,205
39,633
Net cash provided byl{used in) investing activities
8.896
128.457)
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(30.349)
(77.268)
289.276
324,867
Cash and cash equivalents at the end
of the reporting period
258,927
289,276
The notes fonn part of these financial statements
Page 19

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Cash Flow Statement
for the Year Ended 31 December 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Interest received
Dividends received
Investment management fees
Decreasel(increase) in debtors
(Decrease)lincrease in creditors
7,055
26,953
8,808
(23,182)
{3.959)
{9.288)
2.962
33,218
54,859
10,673
(6,897)
(4,768)
(9,205)
2,808
(80,447)
12,072
Net cash used in operations
39.245)
(48.811)
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and in hand
Cash held by investment manager
258,735
192
287,232
2.044
258,927
289,276
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.24
Cash flow
At 31.12.24
Net cash
Cash at bank and in hand
289.276
30.349
258,927
289.276
30.349)
258,927
Total
289.276
30.349
258,927
The notes fonn part of these financial statements
Page 20

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements
for the Year Ended 31 December 2024
COMPANY STATUS
The charity is a private company incorporated in England and Wales. which is limited by guarantee and
consequently does not have a share capital. Each of the members is liable to contribute an amount not
exceeding £10 towards the assets of the company in the event of liquidation.
The principal place of Business is as disclosed in the Report of the Trustees on page 1.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102. have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1
January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under
the historical cost convention. with the exception of investments which are included at market value. as
modified by the revaluation of certain assets.
The financial statements are prepared in sterling. which is the functional currency of the Charitable
Company. Monetary amounts in these financial statements are rounded to the nearest £.
The Trustees consider that there are no uncertainties about the Charitable Company's ability to continue
as a going concem.
Critical accounting judgements and key sources of estimation uncertainty
The basis for establishing income received in advance in connection with members, subscriptions is
judgemental. and is calculated based upon the month that the subscription is purchased. At the reporting
date, the balance is deferred over the remaining term of the subscription. On the basis that subscriptions
are on an annual basis. the Trustees are confident that this does not provide a material level of estimation
uncertainty.
The Trustees have considered the risk of estimation uncertainty causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year. and consider there to be no further
significant accounting estimates and assumptions.
Income
Income is recognised and included in the accounts when all of the following criteria are met..
-the Academy has entitlement to the funds
-any perfomiance conditions attached to the income have been met or are fully within the control of the
Academy
-there is sufficient certainty that re￿Ipl of the income is probable
-the amount can be measured reliably
Page 21
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
ACCOUNTING POLICIES - continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be dIreC￿Y attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. Support costs include back office costs, finance, personnel, payroll and govemance costs which
support the ACadeM￿S programmes and activities.
These costs have all been allocated to expenditure on charitable activities. The bases on which support
costs have been allocated are set out in note 7.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful lrfe.
Improvements to property
Fixtures and fittings
Computer equipment
200/0 on cost
200/0 on cost
25Vo on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds represent a general fund held for the overall objects of the Academy's work. There are
currently no restricted funds which would require to be allocated to specific activities.
Investments
Investments are a form of basic financial investment and are initially recognised at their transaction value
and subsequently measured at fair value as at the balance sheet date using the closing quoted market
price. The statement of financial activities indudes the net gains and losses arising on revaluations and
disposals throughout the year.
Realised gains and losses on investments are calculated as the difference between sales proceeds and
their opening carrying value or their purchase value rf acquired subsequent to the first day of the financial
year. Unrealised gains and losses are calculated as the difference between the fair value at the year end
and their carrying value.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable companvs pension scheme are charged to the Statement of Financial Activities in the period to
which they relate.
Page 22
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Cash at Bank and in Hand
Cash at bank and in hand indudes cash and short temi highly liquid investments viith a short maturity of
three months or less.
Creditors
Creditors and provisions are recognised where the Academy has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any trade discount due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualrfy as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
DONATIONS AND LEGACIES
2024
2023
Donations
Legacies
2,000
40,000
42,000
OTHER TRADING ACTIVITIES
2024
2023
Fundraising events
20,831
19,630
Page 23
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
INVESTMENT INCOME
2024
2023
Investment income
Interest receivable
9,288
3,959
9.205
4.768
13,247
13,973
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Charitable
Charitable
Charitable
Charitable
Charitable
Charitable
Charitable
Charitable
Grants
Members. subscriptions
Journal subscriptions
Annual conference
Workshop income
Journal publishing income
Special interest groups
Other income
57,100
128,752
2,890
370,228
117,967
254,923
981
90
57.822
107.318
2,650
369.655
195.060
220.559
1,523
932,931
954,587
Grants received. included in the above. are as follows:
2024
2023
Society for the Advancement of Management Studies
Australian and New Zealand Academy of Management
Chartered Association of Business Schools
Academy of Social Sciences
50,000
58,989
(1,167)
2,000
5,100
57,100
57,822
Page 24
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
RAISING FUNDS
other trading activities
2024
2023
Purchases
24,026
26,766
Investment management costs
2024
2023
Portfolio management
2,962
2.808
Aggregate amounts
26,988
29,574
CHARITABLE ACTIVITIES COSTS
Grant
fijnding of
activities
(see note
Support
costs (see
note 10)
Direct
Costs
9)
Totals
Charitable
453,075
59,002
486,071
998,148
GRANTS PAYABLE
2024
2023
Charitable
59,002
88,507
Page 25
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows=
2024
2023
Middlesex University of London
Loughborough University
Brunel University
Northumbria University
University of Manchester
University of West England
University of Waikato
Cranfield University
Edinburgh Napier University
University of Kent
Cardiff University
Aston University
Queen Mary University of London
University of Suffolk
University of Essex
Royal Holloway University of London
University of Hull
UNICANT
Universita degli Studi Gabriele d'Annunzio
26,669
32,320
1257)
3.989
(1,676)
50,000
(2.100)
(388)
(878)
(215)
(1.182)
3.999
4.000
4.000
3.975
3.997
3.986
3.505
3,789
5,984
3,992
59,002
88,507
During the year Waikato repaid £2.100. Cardrff Universty repaid £1,182. Edinburgh Napier University
repaid £878, Cranfield University repaid £388, and University of Kent repaid £215 in respect of unused
funds from grants made in prior years.
10.
SUPPORT COSTS
InfoThation
technology
Governance
costs
Management
Finance
Totals
Charitable
358,478
66,898
33,440
27,255
486.071
Page 26
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
NET INCOMEI(EXPENDITURE)
Net incomel{expenditure} is stated after chargingl(crediting):
2024
2023
Depreciation - owned assets
8,808
10,673
12.
AUDITORS. REMUNERATION
2024
2023
Fees payable to the charity's auditors and their associates for the audit
of the charivs finan￿al statements
Non-audit remuneration
9,500
350
4.750
13.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the
year ended 31 December 2023.
Trustees. expenses
Expenses reimbursed to 7 Trustees {2023: 8) during the year amounted to £2,984 (2023: £5.002).
Expenses reimbursed to Council members during the year amounted to £2,966 (2023: £1.232).
These reimbursements consist of travel and accommodation expenses.
14.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
316,611
28,650
31,277
294,215
24,601
28,727
376,538
347.543
The average monthly number of employees during the year was as foll0v￿.
2024
2023
Administration
Page 27
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
14.
STAFF COSTS - continued
The number of employees vthose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2024
2023
£70.001- £80.000
The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The
total remuneration of key management personnel during the year was £84,749 {2023: £88,552).
15.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fijnd
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable
895.598
58.989
954.587
Other trading activities
Investment income
19.630
13.973
19,630
13.973
Total
929.201
58.989
988.190
EXPENDITURE ON
Raising funds
29.574
29.574
Charitable activities
Charitable
879.715
58.989
938.704
Total
909.289
58.989
968.278
Net gains on investments
7.041
7.041
NET INCOME
26.953
26.953
RECONCILIATION OF FUNDS
Total funds brought forward
626.305
626.305
TOTAL FUNDS CARRIED FORWARD
653.258
653,258
Page 28
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
16.
TANGIBLE FIXED ASSETS
Improvements
to
propety
Fixtures
and
fittings
Computer
equipment
Totals
COST
At 1 January 2024
Additions
25,519
8,865
34,071
2,499
68,455
2,499
At 31 December 2024
25.519
8,865
36,570
70,954
DEPRECIATION
At 1 January 2024
Charge for year
20,417
5.102
8,096
542
27,789
3,164
56,302
8,808
At 31 December 2024
25,519
8,638
30,953
65,110
NET BOOK VALUE
At 31 December 2024
227
5,617
5,844
At 31 December 2023
5.102
769
6.282
12.153
17.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2024
Disposals
Movement on cash held by investment
manager
Unrealised gainsl{losses)
342,532
(1,110)
(1,852)
23,182
At 31 December 2024
362,752
NET BOOK VALUE
At 31 December 2024
362,752
At 31 December 2023
342.532
There were no investment assets outside the UK.
Page 29
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
17.
FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 December 2024 is represented by:
Listed
investments
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
16.416
28,772
{41,694)
6,897
23.182
329.179
362.752
18.
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
11.925
4.000
201.280
226,573
205,280
238.498
19.
CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
VAT
Other creditors
Deferred income
Accrued expenses
1,284
9,341
1,472
47,586
61,630
50,985
39,191
7.895
1.533
87,276
47,997
43,265
172,298
227,157
Deferred income comprises membership subscriptions which run from the renewal date. The amount
defe￿ed relates to the term of the subscription relating to the next financial year. Deferred income also
relates to ticket sales for events occurring after the year end.
Page 30
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
20.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024
2023
Within one year
Be￿een one and fwe years
15,938
127.875
34,077
143,813
34.077
Lease payments recognised as an expense in the year amounted to £37,670.
21.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
653,258
(30,945)
622.313
Restricted funds
John Burgoyne Prize Fund
38,000
38.000
TOTAL FUNDS
653,258
7,055
660.313
Net movement in funds, induded in the above are as foll0v￿.
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
915,009
(969.136)
23,182
(30,945)
Restricted funds
Society for the Advancement of
Management studies
John Burgoyne Prize Fund
JWS Prize Fund
Chartered Association of Business
Schools
50.000
40,000
2.000
(50,000)
(2.000)
(2.000)
38.000
2.000
2.000)
94.000
56.000
38,000
TOTAL FUNDS
1.009,009
1.025,136)
23,182
7.055
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continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
21.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
626.305
26.953
653,258
TOTAL FUNDS
626.305
26.953
653,258
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
929.201
(909.289)
7,041
26,953
Restricted funds
Society for the Advancement of
Management Studies
58.989
(58.989)
TOTAL FUNDS
988.190
968,278)
7.041
26,953
ANZAMIBAM Collaborative Research Fund:
We run a number of research grant schemes to provide greater funding opportunities to our community.
Some of these are run in partnership with sister bodies in the UK and internationally. With the
AustralianlNew Zealand Academy of Management (ANZAM). Societa Italiana di Management (SIMA), and
with the Irish Academy of Management (IAM) we use our greater administrative capacity to run small grants
to encourage international collaboration.
Society for the Advancement of Management Studies:
On behalf of the Society for the Advancement of Management Studies (SAMS) we administer a larger grant
scheme to support innovative and societal relevant research.
Irish Academy of Management
The purpose of this Scheme is to support and advance intemational research collaborations between
management researchers in Ireland and the UK. The scheme is based on a partnership between British
Academy of Management (BAM) and the Irish Academy of Management (IAM).
John Burgoyne Prize Fund
This fund was created from donations and legacies for the purpose of The John Burgoyne Prize. which is
awarded by the British Academy of Management in memory of Professor John G. Burgoyne. It's an annual
award of £2,000 recognises outstanding contributions to management learning over a sustained period.
Page 32
continued...

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
21.
MOVEMENT IN FUNDS - continued
JWS Prize Fund
This fund was created from a donation for the purpose of The JWS Prize,
Chartered Association of Business Schools
This was created from grant funding for the provision of a freelance administrator. fijnded by CABS.
22.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 33

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
2,000
40,000
42.000
other trading activities
Fundraising events
20,831
19.630
Investment income
Investment income
Interest receivable
9,288
3,959
9.205
4.768
13.247
13,973
Charitable activities
Grants
Members. subscriptions
Joumal subscriptions
Annual conference
Workshop income
Joumal publishing income
Special interest groups
other income
57,100
128,752
2,890
370,228
117,967
254,923
981
90
57.822
107.318
2,650
369.655
195.060
220.559
1,523
932.931
954,587
Total incoming resources
1.009,009
988.190
EXPENDITURE
other trading activities
Gala dinner costs
24,026
26.766
Investment management costs
Portfolio management
2,962
2,808
Charitable activities
Annual conference Wages
Carried forward
105,933
105,933
110.052
110.052
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THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
2024
2023
Charitable activities
Brought forward
Annual conference social security
Annual conference pensions
Joumal editorial costs
Workshops expenditure
Annual conference costs
Special interest group costs
VAT Expense
Intemational community events
MH Project
Peer review college
Grants to institutions
105,933
11,491
10,401
39,035
81,923
162,119
10,592
27,759
3,822
110.052
10.954
10.658
49.933
73.858
143.285
5,652
24.576
6,180
829
88.507
59,002
512.077
524.484
Support costs
Management
Wages
Social security
Pensions
Premises expenses
Insurance
Professional fees
Website and stationery
Bank charges
Sundries
Executive and Council expenses
Sub-contractors
VAT expense
Marketing
Improvements to property
Depn of fixtures and fittings
210,678
17,159
20,876
29,821
1,630
14,986
15,239
3,044
11,012
4,987
11,240
11,935
225
5,104
542
184.163
13.647
18.069
34.729
1,417
640
14.225
3,266
7,105
5.281
1.898
6,035
490
5,104
1,173
358.478
297.242
Finance
Premises expenses
Insurance
Website and stationery
Sundries
Bank charges
Sub-contractors
Carried forward
7,455
1,630
15,239
2,753
3,044
34,051
64,172
8,682
1,417
14.225
1.776
3.266
26.595
55.961
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Page 35

THE BRITISH ACADEMY OF MANAGEMENT
LIMITED
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
2024
2023
Finance
Brought forward
VAT Expense
64,172
2,726
55.961
4,484
66.898
60.445
Inforniation technology
Premises expenses
Insurance
Bank charges
Website and stationery
VAT Expense
Computer equipment
7,455
1,630
3,044
15,239
2,908
3,164
8.682
1.417
3.266
14.225
2.705
4,396
33.440
34.691
Governance costs
Auditors, remuneration
Bank charges
Sundries
Independent Examination fees
Accountancy fees
Executive and council expenses
VAT Expense
9,500
3,044
2,753
3,266
1,776
4,500
250
10.562
1,488
350
9,974
1,634
27.255
21,842
Total resources expended
1.025,136
968.278
Net (expenditure)lincome before gains and
losses
(16,127)
19.912
Realised recognised gains and losses
Realised gainsl(losses) on fixed asset
investments
16
Net (expenditure)lincome
16,111)
19.912
This page does not forn part of the statutory financial statements
Page 36