Company registered number.. 08422260 Charity registration number.. IIS1260 British International Studie5 Association (A Company Limited by Guarantee) Annual Report and Financial Statements for the year ended 31 March 2022
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) CONTENTS FOR THE YEAR ENDED 31 MARCH 2022 Contents Pages Legal and admlnlstrative infomiatlon 34 Trustees Annual Report lincluding Directorfs report) 5-17 Independent Examiners Report 18 Statement of Financial Activities 19 Statement of Financial Position 20 Notes to financial statements 21-30
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 Full name: British Intemational Studies Associatlon ftegtstered company numbÈr: 08422260 Re8iStered tharity number: 1151260 Trustees: Professor Mark Webber Chalr (retired in June 211 Iiook over as Chair in June 211 Professor Ruth Blakeley Vice CFiair Dr Danielle Beswick Treasurer Professor Kyle Grayson Dr Elspeth van Veeren Secretary Itook over as Vice Chalr in June 211 Equality, Diversity and Inclusion lead Professoi Richard Beardswoith Dr Hassan Elbahtlmy Dr Naomi Head Dr Benjamin Kienzle (retired in June 211 (retired in June 211 Iretired in June 211 Teaching and LearnlnÈ Lead (from June 211 Professor Vicky Squlre Dr Julia Welland Professor Ilan Baron Dr Nick Caddick Dr Toni Haastrup Secretary (from lune 211 Ifrom lune 211 (from June 211 Dr Georgina Holme5 Professor Kurt Mllls Cow Opted members Dr Ro55 Bellaby Teachlng and LèarninB Lead (retired June 211 Mrjon Gorrie Dr Jenny Medcalf MrTom VauEhan (Chalr of Postgraduate Network IPGNII (retired June 211 Ichair of PGN (from June 221 Ms Joanna Wilson Director Ms Jullet Dryden
BRITISH INTERNATIONAL STUDIES ASSOCIATION {BISA) LEGAL AND ADMINisfRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 All the above make up BISA'5 Executive Committee and are entitled to vote Key stafTr. juliet Dryden Director and Company Secretary Chrissie Duxson Communications Manager Freya Jone5 Administrator Re81Stered office: University of Birmingham Room 650, 6th Floor Muirhead Tower Edgbaston Birmingham B152 Bankers: Barclays Birmrn8ham Edgbaston Leicester LE87 2BB Accountants and Independent emaminèr.. Critchleys Audit LLP Beaver House 23-38 Hythe Brldge Street Oxford OXI 2EP
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 Report of the Trustees The trustees, who act as dlrectors for the purposes of company law, have pleasure in submitting their Annual Report and Financial Statements for the year ended 31 March 2022. The trustee5 have adopted the provisions of the Statement of Recommended Prartice ISORPI ' Accounting and Reporting by Charities. 2019 IFRS1021 in preparing the annual report and financial statements of the charity. The following report was approved by the trustee5 on 12 September 2022. Legal Status The British International Studies Association IBISAI is a company limited by guarantee (number 84222601. B15A is also a registered charity (number 11512601 and is subject to the provisions of the Charities Aet 2011 and the rulings of the High Court with regard to charities generolly. The charity is registered for VAT (number 982 6566 711. The rnembers of the Executive Committee of BISA are the trustees of the charity and are personally accountable for the proper management of the Association and its assets. They are required tts act prudently at all time5 in the best interests of the charity. The Charities Act 2011 requires registered charities to make an annual return of accounts and activities. The Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the Accounting and Reporting by Charitie5'. Statement of Recommended Practice I'charity SORP 2015. IFRS 1021. form the accounting framework for ¢harities. The current guldance can be found at.. www.charit commission. ov.uk charit re uirements uidance accountin and re ortin History and Aims The Brit15h International Studies Association was founded in 1974 by an interirn committee and is governed under its Articles of Association. In February 2013, 3 memorandum was added detailing the Association's charitable company status. The oblectlves of thè Association, prirnarily'the advancement of educatlon In International studies and related subjects, are set out clearly in clause 4 of the Articles of Association. The Association aims to represent and 5UPPOrt the scholarly community of academics. students and others working in International Studies and related disciplines and is committed to furthering research. knowledge exchange, professional development and learning and teachlng. Membershlp BISA membership is open to any mernber of the public interested in International Studies and related ftelds and holds particular relevance to those working in higher education institutions in the UK and beyond. BISA also welcomes mernber5hip applications from UG and PG students of International Studies and related fields as well as those working in policy, journalism, development and related fields. Student membership does not qualify for votin8 rights. BISA Introduced both an Institutional and School rnembership category in 2019. It was hoped that new members would begin to be admitted Into these categorie5 in 2021 but this was delayed by the worldwide pandemie and has now been put on a temporary hold while we find the resources to progress. As of 31 March 2022, the total number of BISA member5 was 1327, an increase of 140 members Since the same time last year when membership figures were 1187. The March 2022 total indude5 822 full members1749 in 20-211 and 512 student mernbers1438 in 20-211.
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporatlng Directors. Report) FOR THE YEAR ENDED 31 MARCH 2022 BISA has set membership targets at an increase of IO% per year while acknowledging that there are a finite number of potential members. This is estimated at approx. 2000. By the end of March 2022, BISA reached its target increasing mernbership by 12% over the course of the year. BISA'S long term airn Is for the majority of UK International Studles academics a5 well as others working in related fields to be members of the Association. Communlcatlon with Members The Assoclatlon communicates regularly with its members as well as ihe general publlc. Havlng Invested heavlly In a new websile, rnember5hip database and conference system In 2019 and with the appointment of a full time communications manager in 2019. 2021- 22 is the Second year BISA has been able to roll out its communications strategy through different channels includin8 the website, monthly e-newsletter and through social media including Twltter, Facebook and IlnkedSn. Trustees, Governante and Management The trustees plus the Director ICEOI and any co-opted members constitute the Executive Cornmittee of BISA who meet four times a year. Due to the lockdown thoughout 2020-21, meeting5 were held virtually and this proved to be a far more Inclusive and successful method of meeting. In 21122 this set up was extended with the committee meetlng in May 2021, Sept 2021, Dec 2021 and March 2022. Under clause 29 of the Articles of Association, the trustees and any officer positions which they hold are elected from amongst the BISA membership. The four officers plus the Dlrector who is a permanent employee make up the core governance team. Under clause 34 of the Articles of Association. an Èlected trustee serve5 for up to two years, the Chair and VI Chair up to two years and the Secretary and Treasurer up to thTee years Appointments commence after the annual conference in June of each year. In June 2021, three trustees retired and four new trustee5 were elected by the membership Including Dr Toni Haastrup who took on the position of Secretary. Professor Ruth Blakeley became Chair and Professor Kyle Grayson become Vice Chair. Professor Ilan Baron took on the role of Learning and Teachin8 Lead. The Executive Committee also includes some non-trustee members who are co-opted onto the commlttee. They are invited to observe and participate in debate in a non-voting role as required. B15A had four co-opted members in 21122 inlcuding Jon Gorrie for his financial expertise, Jenny Medcalf representing the Foreign and Comrntsnwealth otrice. Ross Bellaby the Teaching and Learning Lead and Tom Vaughan, the Chatr of BISA'S P05tgraduate Network. The later two reslgned In June 2021 and were replaced by Professor Ilan Baron and Msjoanna Wi150n. Appointrnents to the elected positions of the Executive Committee is determined through an electronic ballot tsf all member5 which is advert15ed widely. The electronic ballet was conducted as usual in June 2021. New trustees are sent a welcome pack by the Direttor, outlining their responsibilities as charity trustees on the commencement of their post. If they have been appolnted to a particular position, a description of duties is also included. The Director follows thi5 UP with a I'.1 Introductory call. All trustee5 who served between April 2021 and March 2022 are listed in the introductory section of this report. No trustee receives any remuneration. BISA Sub4ommittees
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors. Report} FOR THE YEAR ENDED 31 MARCH 2022 BISA has traditionally had seven sub-committee5 who lead on particular aspects of the AssocTation's activitles. The membership of sub-committee5 consists of a Chair and other elected members, with each committee Meetin8 four times during the financial year. All sub-committees report to the Executive Committee. The Governance sub-cornmittee considers strategic developments, future challenge5, Opportunities and rks, elections and key issue5 arising from the day-to-day running of the A550ciation. This sub-committee is chaired by the Chair of the BISA Executive Committee. The Finance sub-committee 15 responsible for the overslght of budgets and the financial management of the Association lincludlne issues relatin8 to the two BISA journals and its book series) in line with good practice and legal requirements. The sub-committee is responsible for ensuring that financial rnea5ures are in accordance with the ASSOCiaiion's policies and procedures. The sub<tsmmsttee is chaired by the BISA Treasurer. The Research and Publications sub-committ è is responsible for the oversight and management of the postgraduate network, worklng groups, research workshops and initiatives. prizes and bursarles and BISA'S twolournals- Review of Internatlonolstudles IRIS) and the Europeon Jovrnt71 of Intemotionol Security IEJISI- as well as the BISA book Series published by Cambridge University Press. This sub-committee also considers, in the first instance, proposa15 for any new BISA publÈcations. The sub-committee is chaired by the BISA Vice Chair The Learnin Teachin and Outreach sub-committèe Is responsible for the development, promotion and performance of the Learning and Teaching agenda within BISA and the wider International Studies community. This includes oversight of BISA'S I&T Working GTOUPS, ensurin8 that L&T 15 represented at BISA research workshops and the annual BISA conference, the awarding of L&T prizes and providing L&T content for the BISA webslte. The sub-committee considers BISA'S outreach agenda looking to work with schools and other educational providers. The sub-committee is chalred by the B15A Learnlng and Teaching Lead. The Communication5 and En ement sub-committee Is responsible for BISA'S ctsmmunication5 and publicitv 5tTategv. This includes the development and ongoing maintenance needs of the Association's web51te and social media posts. It must ensure that the online'face. of the Assoclation Is current, topical and of benefit and interest to mernbers as well as engaging with the wider communlty in the promotion of International Studies in line with BISA'S public benefTt remit. This sub<omrnittee is chaired by the Chair of the BISA Executive Committee. The Conf rnittee is responsible for the smooth and successful runnlng of the annual BISA conference, Including the selection of papers and panels for the conference, forming new pane15 frtsm accepted papers and rnaking arrangement5 for plenary panels and satellite events. It alsts advises the Executive Committee on potential reform5 for future conferences. The sub-committee is chaired by the Conference Programme Chair renc The Membershi sub<ommitt is responsible for all matters relating to membership, including recruitment. engagement and retentlon. New strategies including marketing and communication techniques to facilitate increased membership nurnbèr5 and diversity are addressed through this sub-committee. The sub-committee is chaired by the Secretary. Role of the Chair of each sub-commlttee.. The Chair of ea¢h sub-committee 15 appointed by the Chair of the BISA Executive Committee. Each chair provides leadership and ensures the sub-committee's business is conducted in an orderly fashion. The Chair will participate fully during the meetings. ensure all matters are discussed and prornote the effective implemefttation of deci5ion5. The Chair will also regularly review the sub-committee's performance and work with the Executive Committee to manage and renew the sub-commlttee's membership.
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES. ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 In Jvne 2021, on the appolntment of a new Chair. a revlew of sub-commlttees was conducted. The review found that there was increasing overlap of work conducted by sub-committee5 and the full Executive committee. It was therefore decided to temporarily halt sub-committee rneetin85 until a new system could be implemented. The role of voluntèers In common with most organisations in the charitable Sector, the Association relies heavily on the time and effort of volunteers. These are usually students or academics who have an interest in running the Association's post graduate network. asslsting wSth the oan1$ation of working groups, assisting with the organlsatlon of the annual conference, volunteerlng on edltorial boards of BISA publications. sitting on award committees and other ad hoc work as nece55ary. All trustees are unpaid volunteers. BISA would not be able to fulfil its charitable activities without the comrnitment and dedication of these individuals. Imder Networks BISA is a learned society member of the Academy of Social Science IACSSI. The Academy offers the Associatlon a very important joint voice with other social Science learned socletles both within the UK and Europe. BISA 15 also a member of the Society Publisher5, Coalition ISOCPCI. The Soclety offers the Association an importantjoint voice with other learned Societies particularly related to open access publication issues. The BISA Director attend5 meetings of both the ACSS and SOCPC as well as meetings at the Brittsh Academy, ESRC and AHRC when necessary. Key partnershlps BISA has no formal partnerships. The closest partner in the United Kingdom in terms of BISA'S mission and interests IS ttrke Political Studies Association IPSAI and there is much cross over of members who work in Departments of International Relation5 and Departments of Politics and International Relatlons throu@hout the UK and beyond. BISA liaises with the PSA on common areas of concern (including the REF of which there are more details belowl. In addition, BISA and the PSA held four virtual Heads of Oepartment meetings during 21122. BISA, the PSA 8nd UACES have also jointly advocated on various issuÈ5 of professional concrern. BISA'S closest internatlonal partners are the International Studie5 Association IISAI, based in the United States. the World intemtional Studies Association IWISCI and the European International Studies Association IEISAI. In January 2019 with the introductlon of the new Director, priority was given to furthering these partnerships. The Director has attended meetings of these sister associations including their annual conferences. In March 2022, BISA sponsored four pane15 and roundtables at the ISA in Nashville and plans are underway for a sirnilar arrangements with ihe EISA furthering our partnerships and cooperatlon. Public Beneftt BISA is primarily an educational charily, and in preparing this report, the trustees confirm that they have paid c105e attention to the Charity Commission's guidance on public benefit, as set out in its publlcatlon Charlties and Public Benefit= the Charity Commission's general guidance on public benefit ljanuary 2008, arnended December 2011 and 2014- htt www. ov.uk uidance ublic-benefit-rule5-for-charitie51 and 5ub5equent P05tings on the Public Benefit sectlon of Its website. The Charities Art 2011 sets out the following. among others. as charitable purposes: al the advancement of education bl the advancement of the arts, Culture, heritage, or science
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 It also specifies a legal requirement'that every organisation set vp for one or more charitable aims must be able to demonstrate that its aim5 are for the public benefit if it is to be recognised, and registered, as a charlty in England and Wales,. Thi5 is known as the public benefit requiremenL There are two key principles, both of which must be met in order to show that an organisation's aims are for the public benefit= Principle I.. There must be an Ideniiflable benefit or benefits Principle 2-. Benefit must be to the public. or a section of the public The Assoclation provides a benefit to the publlc by carrying out the activities listed in this report In accordan wlth Fts chariiable objective of 'the advancement of education and other purposes as shall be exclusively tharitable, including In particular.... the advancement of education in International Studies and related subjects,. As with other learned societies, public benefit derives not slmply frorn mernbership of the A550ciation but from wider dissemination by the Association of knowledge about International Studies through the chariws research groups. events, pvbli¢ations and information on its website at www.bisa.ac.uk Equal Opportunities The trustee5 and Director are committed to the principles of inclusiveness. tolerance and fairness. BISA Is a diverse and inclusive environment and opposes all forms of discrimination. It provides its members with career development and treats all its members on the basis of merit and ability alone. To ensurè thère is consistency in the Association's approach. BISA revised its Equality and Diversity policy in Nov 2019 and created the new officer post of Equality, Diversity and Inclusion Lead in December 2019. BISA'S EDI strategy was launched in 2020 and this has guided the Associaiion throughout 2021-22. Activities for the Public Benefit BISA engages in a wide variety of activities with the aim of promoting the understanding and development of International Studies to the wider community. Many of our activities are open to both members and non-members. The Association produces a number of publications, organises a large number of events- both virtual and face-to-face through its working groups, its post-graduate network and Independently with its lai8e annual conference aswell as several student-led policy events. Further detalls on all of these are outlined below. The Association also recogni2es excellence within the discipline through awards, provides fL¥nding opportunitie5 for its members. and many networking opportunities. l. Publlcatlons The Assoclatlon produ$ a number of publications. As well as two journals and 3 book serie5, BISA produces a monthly e-new51etter, articles and news Sto[eS written by both members and non-members for its website. It also make5 available reports and publicatlons from other or@ani5atioris such as the ACSS, the Brit15h Academy and the Society Publishers, Coalition. la Review of Internationolstudies IRIS)
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES. ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 RIS Is the flagshipjournal of BIW published quarterly (plus a speclal lssuel by Carnbridge University Pres5, and is currently on Sts 47 volume. RIS publishes cutting edge research on International Studies with the aim of initiatinE or leadin8 contemporary debates in the discipline. RIS is committed to impiovfnÈ the diver51ty of it5 authors, revlewers and editorial board members. In 2020 over 50% of articles published were authored by women. RIS will continue on this trajectory and improve the proportion of submissions and published articles by authors from underiepresented Broups. The RIS editorial team is appolnted by the Executive Committee foi a four-year term and reports annuallyto the BISA Publications subcommlttee, which tracks key performance indieators. 2021-2022 mark5 the second full year for the editorial team under the editorship of Professor Martin Coward frorn the University of Manchestei. Review of InternutionGIStudies had a 2021 Impact factor of 2.906, a marginal increase of 0.176 on the prevlous year, ranking 22196 in the IR category as opposed to 27194 from the previous year. More detail can be found at.. htt www.cambrid e.or core ournals review-of-international-studies Ib Europeon Journal of internotionulsecurlty IEJISI EJIS was launched in January 2016 and is published three times a year by Cambrid8e University Press. It is currently on its 6, volume. It seeks to publish theoretical, methodological and empirical papers at the cutting edge of security research. The EJIS editorial team is appointed for a four-year term in the same manner as RIS and report5 annually to the Executive Committee whi15t retaining independent editorial control of content. 2021-22 marks the second full year for the editorial team under the editorship of Professors Edward Newman, University of Leeds, Ja50n Ralph, University of Leeds and Jacqui True, Univer51ty of Monash EJIS will receive its first Journal Impact Factor score in June 2023. The latest 2021 impact scores weie as follows-. journal Citation Indicator IJCII 1.161421153 in international relations); Citescore 3.01901608 in political science & IRI. More detall can be found at.. htt www.cambrid e.or core ournals euro ean- ourna1-0f-ntern3t1onal-SeCurlt Ic Cambridge Studies in International Relations The book serie5 is a joint initlative between BISA and Cambridge University Press. Established in 1985, it publishes three to four books per year. The series now Includes over 150 books and publishes the best new scholarship in Intemational Studies. irrespective of subject matter, methodolo8ical approach or theoretica5 perspective. More detail can be found at.. htt www.cambrid Telations AE22F4B38EBA54D9E08E028D22C39E05 e.or core series cambrid e-studies-in-international- Id Publications Contract Journals: BISA has been In Contract with Cambridge University Press since 1989. The most recentjournal contract5 have been from 2006-2011, 2011-2017 and 2016-202217 years). With the CUTrenl contact coming to an end on 31 Dec 2022, a call for tender was put out by the Assocaiion in the autumn of 2021. Cambridge University Press were seletted to continue as 8ISA's publishers and a new contract has been put In place from l Jan 2023 for five years with a 12 month notice period. io
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES. ANNUAL REPORT {Incorporating Directors, Report} FOR THE YEAR ENDED 31 MARCH 2022 Book Serie5'. BISA has been in contract with CUP Sin 1985. The most recent book serles contract was signed in january 2014 with various appen¢Jums renewing the terms of the contract. A new appendum was signed in May 2020 for a further three years. The BISA Executive Committee is satisfied wlth 8ISA's relationship with Cambridge University Press and values the expert15e and quality of support cup @Ive5 to the editors and the Director and to the publi¢atiorts themselves. le Other publications 815A has jointly commissioned, with the P5A. a piece of research on career trajectories in the IR and polltjcs departrnents in HE. This was published In June 2021 and was very well received. It has provided rtsubust empirical evidence to support anecdotal data indicating that there are fewer wornen and ethnic minority colleagues in senior academic roles (professors, readers, senior lecturers, heads of school and department) in our discipline. Thi5 report has catalysed onEoinE work by BISA to address the root causes of these imbalance5. L Events and annual conference. 2a. Working 8roup events BISA has 31 working groups each of which fo¢uses on a particular area of International Studies. There were two new working groups added during the year 2021122 Idenoted by a I'll and one working 8roup which wa5 disbanded I") bringing the total nurnber of workin8 groups to 31 as follows: Africa and International Studies British International History Colonial, Postcolonial & Decolonial Contemporary Research on International Political Theory Critical Studies on Terrorisrn Emotions in PolStics and International Relation5 Environment Ethics and World Politics European Security Forei8n Policy Gendering International Relations Global Health Global Nuclear Order Hlstorical Soclology and International Relations Internatlonal Law and Politics International Political Economy International Politics of Migration. Refugees and Diaspora International Relations as a Social Science Intenational Studies and Emerging Technologies International Studies oi the Mediterranean, Middle East and Asia Interpretivism in Intèrnational Relations Intervention and Responsibility to Protect Learning and Teaching Non- Governmental Organlsatlons Peacekeeping and Peacebuilding Political Violence. Conflict and trannational Activism li
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors. Report) FOR THE YEAR ENDED 31 MARCH 2022 Post-structural Politics Religion and Interrnational Studles Russian and Eurasian Security South East Europe US Forelgn Pollcy War Studies Each working group is led by volunteer convenors elected or appointed frorn within the BISA and working group membership. Convenors must agree to follow BISA'S Code of Conduct, Privacy Standard. policles on Confllct of Interest and Equality and Diversity, and adhere to Strict working group guidance. Convenor5 may apply for 815A funding through two funds set up in during 2021. They are a virtual fund and a fa to face activity fund. These funds have limited funds assigned to them but are open for applications throughout the year. Applications rnust give clear outlines of proposed activities accompanied by a proposed budget and must demonstrate how meeting in person Is of benefit if applying for the face to face acitivity fund. Virtual and face to face events in the form of lectures, roundtsbles and workshops are open to both members and non-members with the alm of further promoting and developing Internatlonal sdIes research for the public benefit. 2b. Postgraduate Network IPGNI events The PGN Is comprised of p05t Braduate and early career research members. At the end of March 2022, there were 512 PGN members an inciea5e of 74 from the previous year. The PGN is chaired by a non-voting member of the BISA Executive and Èlected frorn within its membership. In 2021, joanna Wi150n, a PhD student from the Llniversity of Glasgow took on this role. The PGN conducts five rnalor actlvlties throughout the year as follows Meet the Editors Meet the Publishers Funding Competition Annual Conference Elertlons for the following year In 2020-21, the PGN held a Series of professional development events and workshops throu8hout the year on toplcs su¢h a5 academic vs policy writin& grant appllcation, navigating conferences and pursuing a career outside academia. During the BISA annual conference, the PGN organised two virtualmeet the editors events both of which were very well attended. 2G Annual Conferen¢e BISA held its 45, Annual conferen frorn 21- 23 June 2021 virtually for the first time. There were 12 simiiltaneous rooms with 5 time slots over 3 days. There were just under 600 re8iStrered participants from 43 countrles. Panels and roundtables included 3 keynote events, 3 515ter association panels, 2 meet the editor events. I widenlng participation panel and 3 free think tank pane15 open to the general public. Our goa15 for the Annual Conference are to provide fair and equal opportunities for all members to present their academic research. create t)etworkinÉ opportunities and to ensure the conference brings in Sufficient incme to fund further research activitie5 for the followinÈ year. This was achievd in 2020-21. 12
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 2d. Other BISA has held a number of other well attended virtual event5 during 21122, the first two of whlch ralsed awareness and interest in the US elections and NATO amongst students. faculty and the wider public and added to BISA'S remit as a public benefit provider. series of UG seminars professional development events a Series of Hod meetings with the PSA a student led Climate Change simulation event- March 2021 2e. Future Events 46 Annual Conference in Newcastle- 15-17 June 2022 a student led NATO modelling conference- March 2023 47, Annual Conference in Glasgow- 21- 23 June 2023 3. Awards and Prlzes Each year the Association awards a range of academic prizes related to outstanding book5, PhD di55ertatigns, teaching, learning and career achievements, best journal articles and a distinguished lifetimè scholar prize. These award5 are usually presented at the BISA annual conference. As the 2020 conference was Canlled it was agreed that the presentatioin of the 2020 awards would be done in tonjun¢tion with the 2021 winner5 at a virtual prize giving. They were as follows.. The BISA Dlstlngulshed Contribution Award 2020 -awarded to Professor Margot Light The BISA Distinguished Contrlbution Award 2021-jointly awarded to Professors Jenny Edkins and Rosemary Hollis The Strange Best Book Prize 2020- Dr Rauna Kuokkanen The Strange Best Book Prize 2021- Dr Nicola Pratt L.H.M.LinB Outstandin8 First Book Prize 2020- Becky Alexis-martin LH.M.Ling Outstanding First Book Prize 2021- Nivl Manchanda The Michael Nicholson Thesis Prlze 2020-Aiko Holvikivi The Miohael Nicholson Thesis Prize 2021- Margot Tudor The Review of International Studie5 Best Article Award 2021F Benjamin Meiches The Review of International Studies Best Article Award 2021-loséfjro Martinez Postgraduate Excellence in Teaching International Studies 202 Anna Kruglova Postgraduate Excellence in Teaching International Studies 2021- award furloughed due to covid All nomlnatlons for these awards, with the exception of the Distinguished Contribution Award, are sought from the BISA membership and the academic publishing community and considered by the Research and Learning and Teaching sub-committees. 4. Fundln ortunltles 4a. Founders Fund 13
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 This small fund was establlshed with a donation in memory of Susan Strange, H former BISA Hon Secretary and well respected aeadernit. BISA has continued to allocate £3,000 to this fund annually whose purpose is to assist PhD student5 Wlth livin8 Costs in the final months of writin8 UP their thesis. In 2020-21 in recognition of the hardship experienced by PhD students during the pandemic, the BISA Executtve Commlttee agreed to qJadruple the amount of funds available to £12,LM]O and thi5 continued in 21- 22. 4b. Early Career Research Grants These grant5 of up to £3.000 are open to Early Career Researchers working in academic posts to help cover the c05t of research expenses. Due to the pandemic these awards were temporarbly suspended in 2020-21. 4c. Learning and Teaching Grants These grants of up to £3.0 are to conduct a discreet piece of research related to peda@ogy/teathinB. Due to the pandemic these grants were temporarily suspended in 2020-21. 5. Research and Im The Joint BISA-PSA Research Excellence Framework (REFI working group led by Professor Martin Lodge of the London School of Economics and Political Science continued with its work in 2020-21 to help keep members informed of REF developments and to ensure representation of academics acr05S the disicpline5 of Politics and International Studies in the nomination and selection of Members of the assessment sub-panel. This included a process of nominating additional potential academic and research vser member5 of the International Studies and Politics sub-panel between January and March 2020, è number of whom were appointed by Research England in advance of the comrnencement of the evaluation exertise, whith commenced in March 2021 following the submission deadline for universities. Professor Ruth Blakelev BISA CHAIR June 21-June 23 Date 12 September 2022 Julièt Dryden BISA DIRECTOR Frorn Jan 2019 Date 12 Septembef 2022 14
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 The financial management of BISA is undertaken by the Chair. the Director and the Treasurer in liaison with other members of the Executive Committee. The Director has operational re5pon5ibility to ensure that any financial strateBy agreed by the Executive Committee Is carrled out. Provlslon of Informatlon to the Èxtsrnal examiner Each of the trustees of the Association Iwho are also dlrectors of BISA for the purposes of company law l at the time this report was approved has confimied thar.. There is no relevant audit information of which the companvs independent examiner Icritchleys audit) is unaware That all steps that OU8ht to have been taken as directors have been cairied out and given to the independeTIt eKaminer Income from l Aprll 2021 to 31 March 2022 Total Income during this period incorne wa5 £311.601.40 compared to £276.078 In the previous year. Total expenditure frorn l April 2021 to 31 March 2022 was £311.387 compared to £285,990 In the PTevious ye3r. With Irrecoverable VAT added on this led to a profit of £214.00 by YE. See Financial Assessment below for further details.. All trustees gave their timè freely and no trustee remuneration was paid in the year. Details of trustee expenses and related transactions are disclosed in note 15 in the accounts. In ac¢ordan¢e with BISA'5 Conflict of Interest policy. trustees are required to withdraw from decisions where a ¢onfli¢t of interest arises. Reserves and Investment Pollcv BISA'S reserve and Investment policy and the level of reserve5 are reviewed each yeaT by the Executive Committee having r4ard to the Charity Commission's publication CC19, 'Charity Reserve5-. Building Resilience (January 20161 and a forecast of incorne and expenditure is prepared for the following year. The policy ensures that BISA maintains a sufficient level of resources determined as £260,000 In 2021-22 to enable normal operating activities to continue for a period of up to 12 months should a major and unforeseen shortfall in income occur. The trusiees have also committed to ensuring that BISA'S funds are used appropriately, lawfully and in accordance with BISA'S charitable objectives. The general principle is that funds received as income should be spent within a reasonable period of receipt. The holding of reserves in this context is permitted in order to allow fo¥ circumstances that would result in a major loss of income. Flnanclal Assessment Current Position and Plans for the Future.. After a major financial systems overhaul in 2019-20, BISA has been In a 800d position since April 2020 to monitor finances carefully and accuratelv. 15
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA) TRUSTEES, ANNUAL REPORT (Incorporating Directors, Report) FOR THE YEAR ENDED 31 MARCH 2022 It was expected that the resumption of activities in 2021122 after the pandernic would lead to a deficit of £68,000. In fact with carefLrl financial management. BISA ended its YE accounts in 2022 with a surplus of £214.00. This was due to increased membership income totallng £68.204. some extra income made at the 2021 virtual conference and tight expenditure control in other areas. However, trustees recognise that there are significant challen8e5 ahead. Not only are there many uncertainties in the research and higher education sectors in the UK but more generally in the economy with increasing high inflatlon and the cost of living uisi5. We also face the unknown impact of current proposed changes in relation to academic publication practices and the growth of open access under'read and publish, deals. BISA will continue to rnonitor and engage pr&actlvely wlth these developments and work with other stakeholders in order to protect our core mission and our members. interest5. We feel confident that our new financial systems. new website overhaul and other initiatives of the past few years will bring benefits to the Association in the long term. Basis of preparation Thls report has been prepared in accoidance with the speclal provlslons of Part 2006 15 of the Companie5 Act relating to small companies and section 162 of the Charities Act 2011. The trustee5 Idirector5lare responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company law requires the tru5tee5 to prepare financial statements for each financial year. which Eive 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 perlod. In preparing these financial Statements, the trustees are required to.. select 5Ultable accounting policies and then apply them ¢onsistently- observe the methods and principles in the Charities SORP 2015 IFRS 1021- makejudgements and Èstimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern ba515 unle55 it 15 inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posltion of the charitable company and ensure that the financial 5t3tÈments cornply with the Companies Act 2006. They are also responslble for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventlon 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 CoMpanS audltor Is unaware. and 16
BRITISH INTERNATIONAL STUDIES ASSOCIATION (BISA} TRUSTEES, ANNUAL REPORT (Incorporating Directors. Report) FOR THE YEAR ENDED 31 MARCH 2022 the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant udit information and to establish that the auditor 15 aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included in the charitable companvs website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Signed on behalf of the trustee5: DT Danielle Beswick BISA TREASURER Approved by the trustees on 12 September 2022 17
BRITISH INTERNATIONAL STUDIES ASSOCIATION CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH INTERNATIONAL STUDIES ASSOCIATION I report to the Trustees on my examination ot the ffinan¢ial ststements of British InlernatSonal Studies Association (the Charity) for the year ended 31 March 2022. Rasponslbllltles and basls of report As the Trustees of the Charity land also its directors for the purposes of company lawl yoij are responsibl& for the preparation of the financlal statements in accordance wlh the requirements of the Companies Act 2006 (the 2006 Act). Having sa115fied myself that the financial statements of the Charity are not Tequired to be audited under Part 16 01 the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's financial slalemenls carried out under section 145 of the Charitie5 Act 2011 Ilhe 2011 Acll. In carrying out my examination I have followed all the applicable Direcb"ons given by the Charity Commission under section 14515}Ib) of the 2011 Act. Independent examinerfs statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body li8led in section 145 of the 2011 A¢1. I confirm that l am qualified to undertake the examination because l am a member of , whi¢h is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attenllon In connection with the examination giving me cause lo believe that in any material resped.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or the financial slaternenls do not accord wth those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gwe a true and fair view which is not a matter considered as part of an independent examination., or the financial slalements have not been prepared in a¢cordan¢e the methods and principles of the Slalemenl of Recommended Practice for accounb'ng and reporting by ¢harities applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concems and have come across no other matters in connection with the gxaminalion to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. Robert Kirtland FCA Critchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX12EP Dated- 12.09.2022 18
BRITISH INTERNATIONAL STUDIES ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Unrestricted funds funds 2022 2021 Notes Incoma from: Membership subscriptions Charitable activities 68.204 243,397 44,507 231.571 Total income 311,601 276,078 Ex endlture on: Raising funds 8,325 360 Charitable activities 303.062 285.630 Totsl exp&ndlture 311.387 285.990 Net Sncomèllèxpendlturel for the yearl Net movement in funds 214 {9,9121 Fund balances at l April 2021 391,015 400,927 Fund balances al 31 March 2022 391,229 391,015 The slalement of financial a¢livilies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expen¢Jiture account under the Companies Act 2006. 19-
BRITISH INTERNATIONAL STUDIES ASSOCIATION BALANCE SHEET ASAT31 MARCH2022 2022 2021 Notès Flxèd assets Tangible assets 10 418 785 Current assets Debtors Cash al bank and in hand 11 114.433 498,272 21,392 523,733 612,705 545.125 Creditors: amounts falling due within one year 12 {221,894) 1154,8951 Nel current assets 390.811 390,230 T¢)tal assets less current liabilltlas 391.229 391,015 Income funds Unrestricted funds 391.229 391.015 391.229 391,015 The company is entiued to the exemption from the audit requirement ¢onlaine<l in section 477 of the Companies Act 2006. for the year ended 31 March 2022. The directors a¢knOedge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting rec¢rds and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial stslements have been prepared in accordance wlth the provlsions applicable lo companies subject to the small ¢ompanie5 regime. The financial statements were approved by the Trustees on 12 September 2022. BISA TraasurgrlTru$tee Jan 19- Jun 22 Company r•gi$tration number 08422260 -20-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policle$ Charlty Information British Internab'onal Studies As50cialion is a private company lirniled by guarantee incorporated in England and Wales. The registered office is University Of eimingham Room 650. 6th Floor. Muirhead Tower. Birmingham. B15 2TT. 1.1 A¢¢ounting convention The financial $latemenls have been prepared in accordance with the Charity's Igoverning documenll, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland. I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021. (effectsve 1 January 20191. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not lo prepare a Slalement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Charity. Monetary amounts in these financial stslements are rounded to the nearest £. The financial stslements have been prepared under the historical cost eonvention. The pdncipal accounting policies adopled are set out below. 1.2 Going concèrn At the lime of approving the financial stalefflenls, the Trustees have a reasonable expectation that the Charity has adequate resources lo conlinug in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of a¢¢ounling in preparing the financial statements. 1.3 Charltsble funds Unreslricled funds are available for use at the discretion of the Trustees lo further any of the Charity's purposes. Deslgnaled lunds are Ltnreslricled funds eamiarked by the Trustees for partlcular fLrture project or ¢ommilmenL Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through the tem)$ of an appeal, and fall inte one of two sub-classes.. restricted income funds or endowment funds. 1.4 Income All incoming resources are included in the statement of financial activrties when enlillemenl has passed lo the Charity". it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to pa¢18r Categories ol income". income from donation5 or grants is recognised when there is evidence of entiuemenl to the gift. receipt is probable and ils amount Can be measured reliably. legacy incorne is rewgnised when recelpl is probable and enlillement is established. * income from donated goods is measured at the fair value of the goods unless this is impractical lo rneasure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the a¢¢ounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. 21
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinugdl income from contracts ftsr the supply of seNl¢es Is rectsgnised wlh the delivery of the contra¢ted service. This is classified as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Expenditure is re¢ognised on an accruals basis a5 a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is ¢lassified under headings of the statement of financial activities to which it relates. 1.5 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classmed under headings of the ststement of ffinancial actlvSlles to which il relates.. expenditure on raising funds includes the ¢05ts of all fundraising aclivilies, events. non-charilable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its ¢haritable aims for the benefit of its beneficiaries, including those support costs and costs relatsng to the govemance of the Charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising fiJnds for the Charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories refleding the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 1.6 Tangible fixed assets Tangible assets are initially recorded al ¢ost, and subsequently slated al cost less any ac¢umulated depreciation and impaimènl losses. Any tangible assets carried 8t revalued amounts are recorded * the fair value al the date of revaluation less any subsequent accumulated depreclalion and subsequènt accumulated impaimient losses. Depreciation is recognised 50 as to write off the cost or valuation of assets less their residual value5 over their useful lives on the followng bases.. Equipment 25% reducing balance An increase in the Carrying amount of an asset as a result of a revaluation, is Cognised in other recognised gains and losses, unless il reverses a charge for impaiment that has previously been COgniSed as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss IS shown within other recognised gains and losses on the statement of financial activitie$. 1.7 Impairment of fixed assets A review for indicators of impairment is rried out at each reporting dale, with the recoverable arnounl being estimated where such indicators exist. lthere the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impairment lesling. en il is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unil to which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of a55ets. 22-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) 1.B Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown wmhln borrowings in current liabilities. 1.9 Financial instrumants The Charity has elected to apply the provision5 of Section 11 'Basi¢ Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financi81 instruments are recognised in the Charity's bajance sheet when the Charity bgcomes party lo the contractual provlslons C•f the instrument. Financial assets and liabilities are offset, wllh the nel amounts presented in the financial stslernenls, when there is a legally enforceable right to set off the re¢ognised amounts and there is an intention lo settle on 4 nel basis or lo alIse the asset and settle the liabiltty simultaneously. Basic financialassets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently earrie¢J at amortised c051 using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is rneasured al the present value of the future receipts dIsunted al a market rale of Interest. Financial assets classified a5 receivable within one year are not amortised. Basic financial Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transa¢tson, where the debt instrument is measured al the present value of the future payments discounted at a market rale of inte$t. Flnancial liabllilies dassified as payable thin one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities if payment is due wlhin one year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction prlce and subsequently measured al amortised eosl using the effective interest method. Derecognition ollinanclal Ilablllties Financial liabilities are derecognised when the Charfty s contractU81 obligations expire or are discharged or cancelled. 1.10 Retirement benefits Conlribulions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl that the prepayment will lead lo a reduction in future payments or a cash refund. When contributions are not expected lo be setued wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the di$Unt is CogniSed as an expense in the period in which it arises. 1.11 Llmltsd by guarantee The Charity is a private limited company by guarantee and accordingly does not have a share capital. Every member of the company undertakes lo contribute such amount as may be required. not exceeding £1, to the assets of the company in the event of11 being WOLTrnd up while he or she bs a member, or within one year after he or she ceases to be a member. 23-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crvtical accounting •stlmates and judgemènts In the application of the Charity'$ accounting poliaes, the Trustees are required to make judgements, estimate$ and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hlslorical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The eslimales and undertying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are lecognised in the period in which the estimate is revised Whe the revision affects onty that period, or in the period of the revision and future periods where the revision affects both current and future periods. Crltlcal Judgements Depreciation Depreciation of tangible fixed assets is calculated over the useful economic lives of the assets. During the year ended 31 March 2022. depreciation lotslled £367. Membership subscriptions Unrestricted Unrestricted funds funds 2022 2021 Subscriptions Membership fees 68.204 44,507 Charltablg a¢tlvlllgS Unrestricted Unrestrictsd Funds Funds 2022 2021 CUP- RIS PubllcaUons Book Series Royalties Annual Conference Conference Exhibitors Other income 141.795 1,791 3.005 49,720 5,527 41,559 164,489 1.584 5.812 59.686 243,397 231.571 -24-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Raislng fund$ Unrestricted Unrestricted funds funds 2022 2021 SisterAssocialion Partnerships General expenses 7,236 1,089 360 8,325 360 Charitable activltles Unrestrfcted Unra$tricted Funds Funds 2022 2021 Conference Working Groups Project & Research Publications 26,802 12.834 15.677 11,995 1,164 47,746 38.250 77,886 76,582 Share of support costs (see note 7} Share of govemance costs (see note 71 213,086 12,090 191,301 17,747 303.062 285,630 -25-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support coyts Support Governance costs costs 2022 Support Governance costs costs 2021 Staff Costs Communi¢alions & IT General Office Finance Costs Travel & Subsistence 175,229 12,559 6,476 14,202 4.620 175,229 12.559 6.476 14,202 4,620 166,704 15,929 6,060 2.608 166.704 15.929 6,060 2,608 Legal and Professional Fees Independent Examination Fees Accountancy Fee$ Other 2.672 2.672 6.885 6.885 1.500 7,885 33 1,500 7,885 33 1,500 6,652 2,710 1.500 6,652 2,710 213,086 12.090 225,176 791,301 17.747 209,048 Analysed between Charitable activities 213.086 12.090 225,176 191,301 17,747 209.048 Trustees No remuneration or other benefits from employment wlh the Charity or a related entity were received by the Trustees. The lotsl amount of employee benefits related to key management personnel is £91,164 12021 £88.142}. The Association consider$ its key management personnel lo comprise the Trustees and the senior management team. Employegs The average monthly number of employees during the year was., 2022 Number 2021 Number Staff directly paid the Association Employment costs 2022 2021 Wages and salaries Social security c08ts Other pension costs 146,225 9.187 19.817 140,195 8,516 17,993 175.229 166.704 -26-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees (Continued) The number of employees whose annual remuneration was more than £60,000 15 as follows.. 2022 Number 2021 Number 10 Tangible fixed assets EquIpent Cost At 1 April 2021 5.665 Al 31 March 2022 5.665 Depreciation and impairment At 1 April 2021 Depreciation charyed in the year 4,880 367 Al 31 March 2022 5.247 Carrying amount At 31 March 2022 418 At 31 March 2021 785 11 Debtors 2022 2021 Amounts falling due within one year: Trade debtors Prepayments and accrued income 101,139 13,294 4,518 16,874 114,433 21,392 12 Creditors: amounts falling due wlthln ong year 2022 2021 Other tsxation and social security Trade creditors Credit Card Accruals and deferred income 29.864 3.790 1,526 186.714 34,903 3,613 368 116.011 221,894 154.895 -27-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Retirement bengfit schemes Defin8d contribution schemes The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The charge lo profft or loss in respect of defined contribution Schemes was £19,817 {2021- £17,993). .28-
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Analysls of charltable funds At 1 Aprll 2021 At31 March 2022 Income Expendlture Transfers General funds 391,015 311.601 1311,387) 391,229 391,015 311.601 {311,3871 391,229 At 1 April 2020 At31 March 2021 Incomo Expenditure Transfers Génér81 funds 400,927 276.078 {285,990) 391,015 400,927 276,078 1285.9901 391,015 -29.
BRITISH INTERNATIONAL STUDIES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Analysis of net a$$ets bètween funds Unrè$tri¢t•d Unrgstricted fund$ funds 2022 2021 Fund balances at 31 March 2022 are represented by.. Tangible assets Current asset(1[abIlrtieS} 418 390.811 785 390,230 391,229 391,015 16 Related party transactions There were no disclosable related party Iranyactions during the year12021 none). -30-