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|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|(BERA)|
|---|---|---|---|---|---|---|---|---|
|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||||||
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||||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|
|BRITISH EDUCATIONAL|BRITISH EDUCATIONAL|BRITISH EDUCATIONAL|BRITISH EDUCATIONAL|RESEARCH ASSOCIATION|RESEARCH ASSOCIATION|||BALANCE|BALANCE|BALANCE|SHEET|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered
Company|||No. 08284220|||||At 31|December 2021|||
||||||Note||2021||2020|||
|Fixed Assets||||||||||||
|Tangible fixed assets|||||||18,929||||32,458|
|Investments|||||||1,526,352|||1,155,433||
|Current Assets||||||||||||
|Debtors|||||9|199,653||179,801||||
|Cash at bank and|in|hand||||923,740||977,045||||
|||||||1,123,393||1,156,846||||
|Creditors: amounts||falling||due||||||||
|within one year|||||10|(132,490)||(142,855)||||
|Net Current Assets|||||||990,903|||1,013,991||
|Net Assets|||||||62,536,184|||F2,201,882||
|Funds||||||||||||
|Restricted funds|||||||22,031||||22,031|
|Unrestricted
funds||||||||||||
|General|||||||2,019,482|||1,674,851||
|Designated|||||||494,671||||505,000|
||||||||F2,536,184|||F2,201,882||
|Approved
by the Board|||ofTrustees on the||1"September||2022 and|signed on its||behalf by||
##
##
||||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|
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|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|
##
|||||Support|||
|---|---|---|---|---|---|---|
|||Depreciation|Direct|costs|Total|Total|
||||costs|(see note 4)|2021|2020|
|Raising funds|||19,622|136,232|155,854|100,911|
|Charitable|activities|16,953|226,962|408,700|652,615|500,566|
|||F16,953|6246,584|L544,932|f808,469|F601,477|
##
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|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|
##
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|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|
##
|Analysis o|fTotal Funds|||||
|---|---|---|---|---|---|
|||Tangible||Net||
|||fixed||current||
|As at 31 December 2021||assets|Investments|assets|Total|
|Restricted|Funds|||22,031|22,031|
|Unrestricted|Funds|18,929|1,526,352|968,872|2,514,153|
|||f18,929|61,526,352|F990,903|f2,536,184|
|||Tangible||Net||
|||fixed||current||
|As at 31 December 2020||assets|Investments|assets|Total|
|Restricted|Funds|||22,031|22,031|
|Unrestricted|Funds|32,458|1,155,433|991,960|2,179,851|
|||F32,458|61,155,433|61,013,991|52,201,882|
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|can|cellab|le
o|perati|ng
leases as follows:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Not|later|than|one|year|6-|67,236|
##
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|||As at 1|||Transfers and|As at 31|
|---|---|---|---|---|---|---|
|||January|Incoming|Resources|Investment|December|
|Restricted||2021|resources|expended|movements|2021|
|Desmond
Nuttall|Fund|2,574||||2,574|
|Brian Simon||19,457||||19,457|
|Total||22,031||||22,031|
|Unrestricted|||||||
|General
Fund||1,674,851|1,002,644|798,140|140,127|2,019,482|
|Designated
Funds|||||||
|Open access||380,000||||380,000|
|UCL-IOE||125,000||10,329||114,671|
|Total Funds||62,201,882|F1,002,644|F808,469|f140,127|62,536,184|
|||As at 1||Transfers
and||As at 31|
|||January|Incoming|Resources|Investment|December|
|Restricted||2020|resources|expended|movements|2020|
|Desmond
Nuttall|Fund|2,574||||2.574|
|Brian Simon||19,457||||19,457|
|Total||22,031||||22,031|
|Unrestricted|||||||
|General
Fund||1,837,646|862,380|601,477|(423,698)|1,674,851|
|Designated
Funds|||||||
|Open access|||||380,000|380,000|
|UCL-IOE|||||125,000|125,000|
|Total Funds||61,859,677|6862,380|f601,477|681,302|62,201,882|