2020-12-31-accounts

Company Registration Number - 00869702

The Charity Registration Number is :- 1129985

THE BRITISH SOCIETY OF AESTHETICS

Report and Accounts

31 December 2020

THE BRITISH SOCIETY OF AESTHETICS

Report and accounts for the year ended 31 December 2020

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		7
Independent Accountant's Report		9
Funds Statements:-
Statement of Financial Activities		10
Movements in funds		11
Revenue Funds		11
Income and Expenditure account		12
Summary of funds		12
Balance sheet		13
Notes to the accounts		14

THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

The Trustees present their Report and Accounts for the year ended 31 December 2020, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name

The legal name of the charity is:- THE BRITISH SOCIETY OF AESTHETICS.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1129985.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated 25 January 1966

Amended by sprecial resolutions 6 September 2008 and 27 September 2018, and is a registered charity with the Charity Commission.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

The principal operating address, telephone number, email and web addresses of the charity are:-

PO Box 271 97 Gatley Road, Cheadle, SK8 9BU Telephone [phone] Email Address [e-mail] Web address www.british-aesthetics.org

The registered office of the charity for Companies Act purposes is:-

PO Box 271 97 Gatley Road, Cheadle, SK8 9BU

The Trustees in office on the date the report was approved were:-

Name	Role	Appointed
C Abell	Vice President	18/09/2020
E Caddick Bourne
D Cavedon Taylor	Treasurer
A Clavel-Vazquez		18/09/2020
S Friend	President
J Grant
L Hanson
A Huddleston
R McGregor
B Nanay
P Paris
M Steenhagen

The following persons served as Trustees during the year ended 31 December 2020 :-

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.

Name	Role	Appointed	Resigned/Retired
K Stock	Vice President		18/09/2020
Post Holders
C Anscomb	Debates in Aesthetics Editor
P Atencia Linares	BJA Editor
C Auty	Manager
E Deprez	Debates in Aesthetics Editor		15/12/2020
S Kieman	Debates in Aesthetics Editor	15/12/2020
H Maes	BJA Reviews Editor
D Matravers	BJA Editor
M Steenhagen	Website Manager

2

THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The objectives of the Charity are to promote and encourage study, research, and discussion in aesthetics. The term "aesthetic" referes to all studies of the arts, asethetic experience, and the principles of criticism, whether from a philosophical, scientific, or other theoretical standpoint, including those of psychology, sociology, anthropology, cultural history and education. Also for the purposes of this article, the term "art" referes to all branches of art.

The main activities undertaken in relation to those purposes during the year.

The main activities of the Charity are the publication of The British Journal of Aesthetics (BJA), Debates in Aesthetics (formerly The Postgraduate Journal of Aesthetics), and the BSA newsletter; the organisation of an annual conference; and the awarding of grants for PhD students and early career researchers, events and other activities.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity, especially as regards fees charged for its publications.

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

Grants, awards, prizes

The winner of the second Postdoctoral Fellowship, 2020-2021, was Kris Goffin, for his research project 'The Rationality of Emotion & Fiction'. Kris is mentored by Stacie Friend at Birkbeck, University of London.

The winner of the 2020 biennial BSA Essay Prize competition was Aviv Reiter (Hebrew University) for her paper, 'Kant on the Aesthetic Ideas of Beautiful Nature', which the author will present at the September 2021 annual conference. Aviv receives £1,500.

During 2020 the Society circulated calls for the BSA Synergy Conference award, and the BSA Connections Conference award, each worth up to £12,000. The Synergy series aims to link analytical philosophy and the arts, broadly construed, whilst the Connections series aims to enhance the dialogue between aesthetics and other areas of philosophy.

We received two submissions for a Synergy grant. We awarded £12,000 to QMUL for 'Experimental Film, Video Art and the Borders of Cinema' organised by Mario Slugan (QMUL) and Enrico Terrone (Barcelona), which was to be held in November 2020. The event will be re-scheduled due to Covid-19.

We received three proposals for the Connections conference grant and awarded £12,000 to the 'Conceptual Engineering and Aesthetics' conference (Cambridge/Open University) organised by Mark Pinder and Derek Matravers (both Open University). This was planned for September 2020 but has been re-scheduled as a hybrid conference, 31 August & 1 September 2021.

A call for proposals for the 7th BSA Postgraduate Conference was announced but no submissions were received.

Two submission rounds of the Society's small grants scheme were held during 2020 and awards were made to the following:

"Aesthetics and Ethics in the Digital Age, Open University, £5,000

"Aesthetics and Scientific Experiments, Cambridge, £3,960

"Decolonising the Arts, UAL, £3,200

"Art & Affect in the Predictive Mind, York, £2,151

"Music & Philosophy Study Group 2021 Conference, KCL, £4,000

"Art & Aesthetics of Illusion, Goldsmiths, £4,000

The BSA Travel Stipends fund travel and accommodation costs for participation in conferences or research visits to other universities on topics in aesthetics and the philosophy of art. During 2020, two applications were received, and awards totalling £869 were made.

The Trustees have continued to adopt the Good Practice Guidelines for learned societies proposed by the BPA and Society for Women in Philosophy. These are incorporated into grant applications and conference organisation

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

The significant charitable activities undertaken in the year.

Many of the Society's activities during 2020 were severely impacted by the coronavirus pandemic. The introduction of Covid19 restrictions in March and continued uncertainty about when in-person gatherings might safely resume meant that most BSA-funded events due to take place after March 2020 had to be postponed unless it was possible to hold them online. We agreed with awardees that funds could be carried forward until such time as the events could safely be held face-to-face. Although the BSA Annual Conference was also postponed, some meetings, including the AGM, took place remotely via Zoom.

Annual conference

The highlight of the Society's activities during the year was to be the 60th Annual Conference at St. Anne's College, Oxford in September. However, in June the difficult decision was made to postpone the conference until September 2021. The Society was already contracted to 10-12 September 2021 at St Anne's College and the conference co-chairs planned to carry forward as much of the programme as possible to 2021.

The winner of the inaugural New Horizons Award, directed at junior researchers from underrepresented groups in philosophy, was Zoe Cunliffe (CUNY) for her paper, 'The Moral Significance of First-Personal Trauma Narratives'.

As a result of the postponement of the 2020 annual conference, the Society was not able to offer any free places under its Undergraduate Diversity Initiative (UDI) to encourage UK undergraduates from under-represented groups to consider further study in the discipline this year.

In March, the Trustees agreed to adopt the British Philosophical Association (BPA) Environmental Travel Policy and to offset the carbon emissions of air travel for all our annual conference delegates plus the Officers on BSA business. A scheme would be in place by the next in-person conference.

Communications and publications

In 2020 the Society produced four editions of The British Journal of Aesthetics, published by Oxford University Press. The Editors were Paloma Atencia-Linares (UNED) and Derek Matravers (Open University), and the Reviews Editor was Hans Maes (Kent). The Journal continues to attract healthy numbers of high-quality submissions internationally, and the introduction of reviews of novels, films, exhibitions, and performances has been very successful. For the 60th Anniversary of the BJA in September, a social media event took place comprising twelve short pieces looking back over the BJA archive.

Two issues of Debates in Aesthetics were published during 2020, with several further issues in preparation and undergoing peer-review. The Editors, Claire Anscomb and Eleen Deprez (both of the University of Kent) were pleased to appoint Sarah Kiernan (Birkbeck) as incoming Editor in June. Sarah would shadow the outgoing Editor, Eleen, until the end of the year, before joining Claire in the shared Editor role.

Jeffrey Petts continued to edit the bi-annual newsletter, which includes news, activities, and conference reports. Two issues were produced, in January and July. The newsletter is distributed to all BSA members electronically via email and is also made available on the website.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The board is known as the Trustees Committee and comprises the President, Vice-President and Treasurer of the BSA, and up to nine additional members elected by the membership of the BSA. Other persons with specialist skills may be invited to attend meetings to advise the trustees but do not have any right to vote.

The Officers of the BSA are: the President, the Vice-President and the Treasurer. Officers are appointed in the first instance by the Trustees Committee and their appointment ratified by the members at the next AGM.

Members of the company

Membership of the company is open to any individual who is interested in furthering its purposes, and who, by applying for membership, has indicated his or her agreement to become a member.

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

Officers and Trustees Committee

During the year to September 2020, the three Officers were Stacie Friend (President), Kathleen Stock (Vice-President) and Dan Cavedon-Taylor (Treasurer). Kathleen Stock stepped down from Office at the September AGM. The trustees had elected, by email ballot, Catharine Abell as the new Vice-President, and this was ratified by members at the AGM.

There was one vacancy on the Committee this year and four candidates put themselves forward. Adriana Clavel-Vázquez was duly elected as a new Trustee. Lisa Jones was co-opted to the grants sub-committee.

The policies and procedures for the induction and training of trustees.

In appointing trustees, the member have regard to the skills required to manage the Charity;s affairs, as does the Trustees Committee in appointing the Officers.

New trustees are provided with an induction pack, which contains the Constitution, Bye Laws, and other useful information.

The Charity is in the process of developing and enhancing its induction and training processes.

The charity's organisational structure.

The Trustees Committe administers the Charity and meets as necessary, It currently meets twice each year, including at the society's annual conference. The Officers of the Society sometimes meet additionally, as necessary and the Charity makes use of a number of sub-committees which comprise: Grants, PhD Student, Conference and Essay Prize.

Bankers

HSBC Bank Plc, 120 High Holburn, London, QC1V 7HD

Financial review

The charity's financial position at the end of the year ended 31 December 2020

The financial position of the charity at 31 December 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Designated Revenue Funds Total Unrestricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity	2020 £ 81,763 383,832 34,250 418,082 418,082	2019 £ (22,624)
		301,986 34,333
		336,319
		336,319

Financial review of the position at the reporting date, 31 December 2020 .

Overview

The Charity had a surplus on unrestricted funds, before transfers, for the year of £81,763, (2019 deficit - £22,624).

In the year the Charity made awards to in respect of postgraduate travel stipends of £925 (2019 - £9,506) and other awards of £17,490 (2019 - £85,833).

During the year, the trustees designated £22,000 for a third one-year postdoctoral award.

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

Policies on reserves.

The free reserves at December 31 2020 (unrestricted funds not invested in fixed assets or otherwise designated) stood at £418,082 (2019 £336,319). The Trustees have previously agreed to set a target of reducing minimum reserves from current levels to £250,000, over three years. The reserves policy is reviewd annually.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

During 2021, the Charity has continued the publication of The British Journal of Aesthetics, and the online journal Debates in Aesthetics. The Trustees decided that the 2020 editions of the newsletter would be the last in the current format, and other options are being considered.

The Trustees are aware that Open Access will have implications for the BJA and for the Society's revenue in the short to medium term, and will continue to discuss its impact with OUP. They also intend to seek financial advice on income growth from investment to cushion the Society in the longer term.

As a result of continued uncertainty regarding Covid-19, the BSA Annual Conference due to be held at St Anne's College, Oxford, 10-12 September 2021, will instead take place remotely via Zoom. It is hoped that for 2022 and beyond, in-person annual conferences can resume.

The Society decided not to invite applications for its small grants or conference awards during 2021, until the prospects for holding events in-person are clearer.

The winner of the Postdoctoral Award 2021-22 is Claire Anscomb for her research proposal, ''Creating Images with AI'. Claire will be mentored by Vid Simoniti at the University of Liverpool.

Looking ahead, the Society intends to:

-Continue publication of the journals

• -Continue to make funding available to a range of projects and activities.

• -Continue to support postgraduate students and early-career researchers through travel awards

• -Continue to offer a postdoctoral award

• -Hold an annual conference with generous subsidies for postgraduates and BSA members

• -Hold biennial essay competitions, the next one being in 2022

• -Continue to offer the UDI and the New Horizons Award

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

Details of The Independent Examiner

Eric Langer BSc FCA Independent Examiner 8-10 Gatley Road Cheadle Cheshire SK8 1PY

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of

recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

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THE BRITISH SOCIETY OF AESTHETICS

Company Registration Number - 00869702

Trustees' Annual Report for the year ended 31 December 2020

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 10 to 22.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on ………………….

D Cavedon-Taylor Director and Trustee

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THE BRITISH SOCIETY OF AESTHETICS

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 December 2020

I report to the Trustees on my examination of the financial statements of the charitable company for the year end 31 December 2020.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

• 1 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

• 2 the accounts do not accord with those records; or

• 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

• 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Eric Langer BSc FCA Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK8 1PY

This report was signed on 0 January 1900

9

THE BRITISH SOCIETY OF AESTHETICS - Statement of Financial Activities for the year ended 31 December 2020

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2020, as required by the Companies Act 2006)

Current year Unrestricted Funds 2020 £ Income & Endowments from: Charitable activities A2 208,920 Investments A4 325 Total income A 209,245 Expenditure on: Charitable activities B2 127,482 Total expenditure B 127,482 Net income for the year 81,763 Net income after transfers A-B-C 81,763 81,763 Reconciliation of funds:- E Total funds brought forward 336,319 Total funds carried forward 418,082 SORP Ref Net movement in funds	Current year Restricted Funds 2020 £ - - - - - - - - - -	Current year Total Funds 2020 £ 208,920 325 209,245 127,482 127,482 81,763 81,763 81,763 336,319 418,082	Prior Year Total Funds 2019 £ 217,553 703
			218,256
			240,880
			240,880
			(22,624)
			(22,624)
			(22,624) 358,943
			336,319

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

10

THE BRITISH SOCIETY OF AESTHETICS - Statement of Financial Activities for the year ended 31 December 2020

All activities derive from continuing operations

The notes attached on pages 14 to 22 form an integral part of these accounts.

THE BRITISH SOCIETY OF AESTHETICS - Resources applied in the year ended 31 December 2020:-

Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities Movements in revenue and capital funds for the year ended 31 December 2020 Revenue accumulated funds Unrestricted Restricted Funds Funds 2020 2020 £ £ Accumulated funds brought forward 336,319 - 81,763 - 418,082 - Closing revenue funds 418,082 - Designated revenue funds included within the unrestricted funds above At 1 January Transfer (to)/from revenue accumulated funds At 31 December Recognised gains and losses before transfers	2020 £ 81,763 81,763 Total Funds 2020 £ 336,319 81,763 418,082 418,082 Total Funds 2020 £ 34,333 (83) 34,250	2019 £ (22,624)
		(22,624)
		Last year Total Funds 2019 £ 358,943 (22,624)
		336,319
		336,319
		Last year Total Funds 2019 £ 20,000 14,333
		34,333

The purposes for which these funds have been designated are described in Note 16 to the accounts.

11

THE BRITISH SOCIETY OF AESTHETICS - Statement of Financial Activities for the year ended 31 December 2020

Summary of funds Unrestricted and Designated funds 2020 £ Revenue accumulated funds 383,832 Revenue designated funds 34,250 Total funds 418,082	Restricted Funds 2020 £ - - -	Total Funds 2020 £ 383,832 34,250 418,082	Last Year Total Funds 2019 £ 301,986 34,333
			336,319

THE BRITISH SOCIETY OF AESTHETICS

Income and Expenditure Account for the year ended 31 December 2020 as required by the Companies Act 2006

Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Governance costs Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year Investment income	2020 £ 208,920 325 209,245 209,245 125,982 1,500 - 127,482 81,763 - 81,763 81,763	2019 £ 217,553 703
		218,256
		218,256
		238,804 2,076 -
		240,880
		(22,624) -
		(22,624)
		(22,624)

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 14 to 22 form an integral part of these accounts.

12

THE BRITISH SOCIETY OF AESTHETICS - Balance Sheet as at 31 December 2020

Note SORP Ref Current assets B Debtors 8 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 9 C1 Net current assets The total net assets of the charity	2020 £ 64,553 442,919 507,472 (89,390) 418,082 418,082	2019 £ 80,695 360,445 441,140 (104,821) 336,319 336,319	2019 £ 80,695 360,445 441,140 (104,821) 336,319 336,319
			336,319

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds

Unrestricted Funds Unrestricted Revenue Funds 13 D3 383,832 Designated Funds Designated Revenue Funds 13 D3 34,250 Total charity funds	- 301,986 383,832 34,333 34,250 418,082	- 301,986 34,333
		336,319

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

D Cavedon-Taylor Trustee Approved by the board of trustees on …………………

13

THE BRITISH SOCIETY OF AESTHETICS

Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.

Risks and future assumptions

The charity is a public benefit entity.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Policies relating to categories of income and income recognition.

Nature of income

Earned income is measured at the fair value of the consideration received or receivable for services and goods supplied.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particualr types of income.

Accounting for deferred income and income received in advance

Income is only deferred and included in creditors when: the income relates to a future accounting period; a sales invoice has been raised ahead of the work being carried out ans there is no contractual entitlement to the income until the work has been done; or not all the terms and conditions of grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded.

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THE BRITISH SOCIETY OF AESTHETICS

Notes to the Accounts for the year ended 31 December 2020

Membership subscriptions

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Policies relating to expenditure on goods and services provided to the charity.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Charitable activities - Costs of undertaking the work of the charity.

Grants awarded - Grants and educational bursaries are recognised in full in the year they are awarded, including amounts to be paid in future periods. Liabilities are included in creditors due in one year or more than one year as appropriate. Unless material, commitments due in more than one year are not discounted for the time value of money, and this applies to the figures in these financial statements.

The charity is not registered for VAT and cannot recover any input tax charged. Costs are stated inclusive of VAT where charged.

Allocation of support costs

Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include back office functions, staff costs and professional fees and are allocated wholly to the charitable activities in these accounts.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Individual fixed assets costing more than £500 are capitalised at cost and are depreciated over their estimated useful live. The charity currently has no fixed assets.

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Creditors and provisions

Creditors and provisions are recognised where the charity 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 or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial instruments including cash and bank balances

Financial instruments

Unless material, grant commitments due in more than one year are not discounted for the time value of money and as this applies to the figures in these financial statements, effectively the charity has only basic financial instruments which are initially recorded at cost, and subsequently measured at their settlement value.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

15

THE BRITISH SOCIETY OF AESTHETICS

Notes to the Accounts for the year ended 31 December 2020

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are available for use in relation to postdoctoral award costs.

There are no restricted funds in the charity.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant financial instruments.

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:- Trustees' remuneration 6 Staff costs and emoluments Salary costs Trustees' Remuneration as detailed in note 7 Total salaries, wages and related costs	2020 £ 300	2019 £ -
	2020 £ 300	2019 £ -
	300	-

The details of remuneration paid to trustees is shown in note 7

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Notes to the Accounts for the year ended 31 December 2020

7 Remuneration and payments to Trustees and persons connected with them

Remuneration payable to trustees or connected persons Maarten Steenhagen Total remuneration	2020 £ 300	2019 £ -
	300	-

BSA website manager Maarten Steenhagen became a Trustee in September 2019, he receives an annual fee of £300 in May each year for website services.

This remuneration is allowed for under the terms of our governing document, as confirmed by Stephen Claus of Brabners in November 2019. In December 2020 the Trustees voted to formally approve the arrangement as set out below.

1. Article 6.3 of the Charity's Articles of Association permit a Trustee or Connected Person to supply services in return for a payment or other material benefit provided that

2. a.the Trustee concerned enters into a written contract with the Charity;

3. b.the services are actually required by the Charity, and the Trustees decide that it is in the best interests of the Charity to enter into such a contract;

4. c.the nature and level of the remuneration is no more than is reasonable in relation to the value of the services; and

5. d.fewer than half of the Trustees are subject to such a contract in any financial year.

6. Given Maarten's experience and familiarity with the website, he is best-placed to continue to provide the website management services to the Charity. The services are required and the proposed remuneration [£300 per annum] is no more than is reasonable in relation to the value of the services and, in fact, represents a significant discount compared to other providers of the service.

7. Maarten is the only trustee who will be in receipt of payments under a contract under Article 6.3.

8 Debtors

8 Debtors
Trade debtors 9 Creditors: amounts falling due within one year Accruals for grants payable Accruals Other creditors	2020 £ 64,553 64,553	2019 £ 80,695 80,695
	2020 £ 74,854 1,200 13,336	2019 £ 83,649 1,170 20,002
	89,390	104,821

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Notes to the Accounts for the year ended 31 December 2020

10 Income and Expenditure account summary

es to the Accounts for the year ended 31 December 2020
Income and Expenditure account summary At 1 January 2020 Surplus after tax for the year At 31 December 2020	2020 £ 336,319 81,763	2019 £ 358,943 (22,624)
	418,082	336,319

11 No related party transactions

There were no transactions with related parties in the year.

12 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2020 Current Assets Current Liabilities At 1 January 2020 Current Assets Current Liabilities	Unrestricted funds £ 494,139 (89,390)	Designated funds £ 13,333 -	Restricted funds £ - -	Total Funds £ 507,472 (89,390)
	404,749	13,333	-	418,082
	Unrestricted funds £ 406,807 (104,821)	Designated funds £ 34,333 -	Restricted funds £ - -	Total Funds £ 441,140 (104,821)
	301,986	34,333	-	336,319

13 Change in total funds over the year as shown in Note 12 , analysed by individual funds

Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Revenue Funds Total unrestricted and designated funds Total charity funds	Funds brought forward from 2019 £ 301,986 34,333	Movement in funds in 2020 See Note 14 £ 81,763 -	£ 83 (83) Transfers between funds in 2020	Funds carried forward to 2021 £ 383,832 34,250
	336,319	81,763	-	418,082
	336,319	81,763	-	418,082

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Notes to the Accounts for the year ended 31 December 2020 14 Analysis of movements in funds over the year as shown in Note 13

Unrestricted and designated funds:- Unrestricted Revenue Funds Details of transfers between funds in To/(from) Unrestricted Revenue Funds To/(from) Designated Revenue Funds Net transfers The transfers shown in note 13 above are:-	Income 2020 £ 209,245	Expenditure 2020 £ (127,482)	Other Gains & Losses 2020 £ -	Movement in funds 2020 £ 81,763
	209,245	(127,482)	-	81,763
			2020 £ 83 (83)	2019 £ (14,333) 14,333
			-	-

15 Details of transfers between funds in

16 The purposes for which the funds as

Unrestricted and designated funds:-

Unrestricted Revenue Funds Designated Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Postdoctural award, these funds are held specifically for awarding the winner of the postdoctural annual award.

17 Ultimate controlling party

The charity is under control of its legal members.

The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each. wound up while he or she is a member, or within one year after he or she ceases to be a member.

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Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

18 Income from charitable activities - Trading Activities

Current year Primary purpose and ancillary trading 19 Current year Total income from charitable trading Total from charitable activities A2 20 Investment income Bank Interest Receivable Total investment income A4 Admission fees- Exhibitions and galleries Membership subscriptions in return for services Total Primary purpose and ancillary trading Sale of goods and services in accordance with the charity's objects Total Income from charitable activities	Current year Unrestricted Funds 2020 £ 202,067 - 6,853	Current year Restricted Funds 2020 £ - - -	Current year Total Funds 2020 £ 202,067 - 6,853 208,920 Current year Total Funds 2020 £ 208,920 208,920 Current year Total Funds 2020 £ 325 325	Prior Year Total funds 2019 £ 200,175 9,345 8,033
	208,920	-		217,553
	Current year Unrestricted Funds 2020 £ 208,920	Current year Restricted Funds 2020 £ -		Prior Year Total Funds 2019 £ 217,553
	208,920	-		217,553
	Current year Unrestricted Funds 2020 £ 325	Current year Restricted Funds 2020 £ -		Prior Year Total Funds 2019 £ 703
	325	-		703

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Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

21 Expenditure on charitable activities - Direct spending

Current Year Total direct spending B2a Support costs - administrator Support costs - other Travel and Subsistence - Charitable Activities	Current year Unrestricted Funds 2020 £ 2,605 17,727 -	Current year Restricted Funds 2020 £ - - -	Current year Total Funds 2020 £ 2,605 17,727 - 20,332	Prior Year Total Funds 2019 £ 4,727 21,770 2,701
	20,332	-		29,198

22 Expenditure on charitable activities- Grant funding of activities

Current Year Total grantmaking costs B2c Costs relating to the award of grants Grants made to organisations	Current year Unrestricted Funds 2020 £ 17,490 350	Current year Restricted Funds 2020 £ - -	Current year Prior Year Total Funds Total Funds 2020 2019 £ £ 17,490 85,833 350 9,506
	17,840	-	17,840 95,339

Details of the grants awarded in the year can be found within the Trustees Annual Report.

23 Support costs for charitable activities

23 Support costs for charitable activities
Current year Current year Current Year Unrestricted Funds Restricted Funds 2020 2020 £ £ Administrative overheads 57,757 - 5,885 - (115) - 24,283 - Support costs before reallocation 87,810 - Total support costs - Current Year 87,810 - The basis of allocation of costs between activities is described under accounting policies All the expenditure in the prior year was unrestricted. Administrative overheads The basis of allocation of costs between activities is described under accounting policies Publication expenses Conference expenses Editorial expenses Other direct costs	Current year Unrestricted Funds 2020 £ 57,757 5,885 (115) 24,283	Current year Restricted Funds 2020 £ - - - -	Current year Total Funds 2020 £ 57,757 5,885 (115) 24,283	Prior Year Total Funds 2019 £ 58,281 12,653 36,516 6,817
	87,810	-	87,810 87,810	114,267
	87,810	-		114,267
				- - -

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Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

24 Other Expenditure - Governance costs Current Year Independent Examiner's fees Trustees' remuneration Legal Advice Total Governance costs	Current year Unrestricted Funds 2020 £ 1,200 300 -	Current year Restricted Funds 2020 £ - - -	Current year Total Funds 2020 £ 1,200 300 - 1,500	Prior Year Total Funds 2019 £ 1,170 - 906
	1,500	-		2,076

All the expenditure in the prior year was unrestricted.

25 Total Charitable expenditure

Total Charitable expenditure
Current Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Current year Unrestricted Funds 2020 £ 20,332 17,840 87,810 1,500	Current year Restricted Funds 2020 £ - - - -	Current year Total Funds 2020 £ 20,332 17,840 87,810 1,500 127,482	Prior Year Total Funds 2019 £ 29,198 95,339 114,267 2,076
	127,482	-		240,880

All the expenditure in the prior year was unrestricted.

Prior Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Prior Year Unrestricted Funds 2019 £ 29,198 95,339 114,267 2,076	Prior Year Prior Year Restricted Funds Total Funds 2019 2019 £ £ - 29,198 - 95,339 - 114,267 - 2,076
	240,880	- 240,880

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