2021-12-31-accounts - British Educational Research Association

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	Page
Trustees and Advisers	2-3
Report ofthe Trustees	4-13
Report ofthe Auditors	14-16
Statement of Financial Activities	17
Balance Sheet	18
Statement ofCash Flows	19
Accounting Policies	20-21
Notes to the Financial Statements	22 - 26

Registered	charity name		British Educational Research Association	British Educational Research Association	British Educational Research Association	British Educational Research Association	British Educational Research Association
Charity number			1150237
Company	Registration		08284220
Trustees			Dominic Wyse (President)
			Gerry Czerniawski
			Sean Hayes
			Ruth Boyask (resigned	1 September			2021)
			Richard Race
			Vivienne Baumfield
			Mhairi Beaton
			Megan Ball (resigned	1	September 2021)
			Kevin Smith (resigned	1	September 2021)
			Megan Crawford (resigned			1 September 2021)
			Gary Beauchamp (resigned			1 September 2021)
			Ros McLellan
			Oliver Hooper
			Marion Moncrieffe
			Morag Redford
			Alison Fox
			Tanya Ovenden-Hope
			Sarah Seleznyov
			Barbara Skinner
			Paul Miller (appointed	1	September 2021)
			Yuwei Xu (appointed 1 September 2021)
			Sally Power (appointed	1 September			2021)
Staff
Executive Director and Company		Secretary	Nick Johnson
			Marie Moore
			Sarah Fleming
			David Chatterjee
			Ross Fulton
			Dior Webb
			Mette Nielsen (from March			2021)
			Patrick Rafferty (from	July		2021)
Principal Address			9-11Endsleigh Gardens
			London WC1H OEH
Auditor			PKF Littlejohn LLP
			Chartered Accountants		and Statutory		Auditor
			15Westferry Circus
			Canary Wharf
			London E144HD

			Unrestricted	Restricted	Tots I	Tots I
		Notes	Funds	Funds	Funds	Funds
					2021	2020
Income from:
Membership subscriptions			194,870		194,870	167,442
Investments		1	28,704		28,704	27,213
Charitable Activities		2	779,070		779,070	667,725
Total Income			1,002,644		1,002,644	862,380
Expenditure on:		3&4
Raising funds			155,854		155,854	100,911
Charitable activities			652,615		652,615	500,566
Total Expenditure			808,469		808,469	601,477
Net gain on investments			140,127		140,127	81,302
Net Movement in Funds		5	334,302		334,302	342,205
Reconciliation ofFunds:
Fund balances brought	forward		2,179,851	22,031	2,201,882	1,859,677
Balance at End ofYear			62,514,153	622,031	62,536,184	F2,201,882

			2021	2020
Cash flow from operating activities (see below)			152,207	245,484
Cash flow from investing activities
Payments to acquire tangible fixed assets			(3,424)	(6,041)
Payments to acquire investments			(1,688,638)	(90,581)
Proceeds from sale ofinvestments			1,457,846	95,280
Dividends and interest from investments			28,704	27,213
Net cash flow provided by/(used in) investing		activities	(205,512)	25,871
Change in cash and cash equivalents	in the	year	(53,305)	271,355
Cash and cash equivalents at start of	year		977,045	705,690
Cash and cash equivalents at end ofyear			6923,740	F977,045
Cash and cash equivalents consists of:
Cash at bank and in hand			923,740	977,045
Short term deposits
Cash and cash equivalents at end ofyear			6923,740	6977,045
Net income/(expenditure) forthe year			334,302	342,205
Dividends and interest from investments			(28,704)	(27,213)
Depreciation oftangible fixed assets			16,953	10,239
(Gains)/Losses on investments			(140,127)	(81,302)
(Increase)/decrease in debtors			(19,852)	79,821
Increase/(decrease) in creditors			(10,365)	(78,266)
Net cash flow from operating activities			6152,207	6245,484

1.	Investment Income	Investment Income				2021	2020
	Bank interest and	investment		income		F28,704	F27,213
	Investment income	in both years relates to unrestricted			funds.
2.	Income from Charitable		Activities			2021	2020
	Publications and Royalties					621,540	653,110
	Annual conference					122,710
	Other income					2,420	415
	Gifts in kind					32,400	16,200
						F779,070	L'669,725

4.	SupportCosts
			Staff and associated	Premises	Governance	Total	Total
			costs	costs	costs	2021	2020
	Raising funds		102,707	24,060	9,465	136,232	96,298
	Charitable activities		308,121	72,182	28,397	408,700	288,894
			F410,828	f96,242	F37,862	2544,932	2385,192
	Governance costs:
	Audit fees					5,700	5,740
	Accountancy					9,514	9,817
	Other					22648	11225
						837,862	f26,782
5.	Net Incoming	Resources
	This is stated	after charging:
	Depreciation Auditors' remuneration		-audit			f16,953 E5,700	f10,239 f5,740

Five trustees (2020 - six) received a total off972 (2020 - expenses in the year. No Trustees received any remuneration	F964) reimbursed travel and in the year.	subsistence
Staff costs	2021	2020
Recharges from UCL Institute ofEducation	343,964	353,261
Wages and salaries	29,113
Social security costs	2,538
Pension contributions	2,718
Total staff costs	f378,333	6353,261

7.	Tangible Fixed	Assets
					Furniture, office
					and technical
	Cost				equipment	Total
	At 1 January 2021				198,055	198,055
	Additions				3,424	3,424
	At 31 December	2021			201,479	201,479
	Accumulated Depreciation
	At 1 January 2021				165,597	165,597
	Charge for year				16,953	16,953
	At 31 December	2021			182,550	182,550
	Net BookValue
	At 31 December	2021			618,929	518,929
	At 31 December	2020			532,458	642,918
	The Charitable Company			had no capital commitments	at 31 December 2021 (2020 —none).
8.	Investments				2021	2020
	Balance brought	forward			1,155,433	1,078,830
	Additions				1,688,638	90,581
	Sale proceeds				(1,437,947)	(106,573)
	Net gains/(losses)				140,127	81,302
	Movement in cash at stockbrokers				(19,899)	11,293
					61,526,352	61,155,433
	Investments at fair value			include
	Global funds				1,464,428
	Multi asset funds				61,711
	Equities					826,229
	Fixed interest					157,093
	Alternative investments					152,393
	Cash within investment		portfolio		213	20,112
					f1,526,352 61,155,433

9. Debtors		2021	2020
Prepayments and accrued income		174,314	166,847
Taxation and social	security	25,339	12,954
		6199,653	6179,801
10.Creditors: amounts	falling due within one year
Trade creditors		15,550	24,885
Accruals and deferred income		116,940	117,970
		6132,490	6142,855

can	cellab	le o	perati	ng leases as follows:
					2021	2020
Not	later	than	one	year	6-	67,236