Quarterly Journal of Mechanics and Applied Mathematics
Trustees’ Annual Report:
2 March 2020 — 1 March 2021
Charity registration number: 211632
Address: University of Trustees: Professor J R King Professor C M Linton Professor A N Norris Professor T J Pedley
University of Nottingham, University Park, Nottingham NG7 2RD
Structure, Governance and Management The Trust is governed according to the Trust Deed dated 31° October 1956 as amended by the Deed dated 19" January 2015. The Journal is overseen by the Trustees in consultation with its Executive Editors. Trustees are selected from the Mechanics and Applied Mathematics community by the existing Trustees on the basis of their capacity to facilitate the Trust's objectives
Objectives and Activities
The Trust seeks to promote and facilitate scientific research and education in Mechanics and Applied Mathematics. The Trustees have recently secured a profit share from the Journal's publishers, Oxford University Press (OUP), in order to provide grants to support activities in keeping with these objectives and thereby to promote the Journal.
Financial Review
The only items of income and expenditure during the year are detailed below:
£85,280 (Profit-share from OUP) £5,000 (IMA administration fee for QJMAM Fund)
The Trust held £263,469 in cash funds on 2 March 2020 and £343,749 on 1 March 2021. The Trust has no liabilities and no other assets.
Because the initial payments from Oxford University Press included profit share from earlier years, the Trustees maintain a reserve in order to sustain the level of grants as payments decrease, as well as for contingencies. Because few grants have recently been awarded, due primarily to COVID-related travel restrictions, unlike previous years no transfer of funds to the IMA was required in order to cover those that were awarded; we anticipate that the situation will be similar in the near future.
Achievements and Performance
The QUMAM Fund for Applied Mathematics exists to support UK research in the broad area of applied mathematics and theoretical mechanics. The Institute of Mathematics and its Applications (IMA, a charity with aims compatible with those of the Trust) administers the award of grants, a payment being made to the IMA for the efficient administration of this process, usually alongside the grant that provides the funding to successful applicants. Applications for grants from the Fund were assessed by a panel comprising senior academics from the Universities of Brunel, Cambridge, Manchester, Liverpool, Nottingham and Oxford, ably chaired by one from Rutgers University: Chair: Professor Andrew Norris (Trustee) Panel members: Professor Anne Juel Professor John King (Trustee) Professor Stephen Langdon Professor Natasha Movchan Professor Nigel Peake Professor Sarah Waters
Over the year, there were two widely publicised open funding calls. As indicated above, the funds awarded were subsequently distributed by the Institute of Mathematics and its Applications, to whom awardees were required to report back on their use.
Grant awards (listed below) covered a range of activities. Awardees spanned a range of career stages (with early career researchers especially well represented), and we believe awards to have been of particular benefit given the dearth of other suitable funding mechanisms.
|First|Second | Affiliation|Second | Affiliation||Awarded|| Objective| |---|---|---|---|---| |Name|Name|||| ||Chleboun||Warwick|£2,500.00|| Childcare Support, Thematic| |||||program In Probabillty and PDEs.| |Mohit|Dalwadi|| Oxford|£118.00|Attending CRYO2020 to present work| |||||and to meet internationally-based| |||||researchers to initiate collaborations| |Jack|Keeler|Warwick|£1,000.00|| Research visits - Turning points in| |||||Kuzmak's method: an application to| |||||a nonlinear wave problem| |Xiaocheng||Shang|Birmingham||| £500.00|Attending the International| |||||Symposium on Mathematical Theory| |||||of Networks and Systems to present| |||||an invited talk| |Alex|Doak|Bath|£1,000.00|} Research visit to the University of| |||||Greenwich, to work with DrTao Gao| |Edward|Hinton|Bristol|£1,000.00|| Attending 22nd Australasian Fluid| |||||Mechanics conference to present two| |||||papers| ||||£2,000.00|| Funding forstudents to attend| |||||workshoptobeheldinReading|
Rigorous assessment of grant applications, together with decreased demand due to cancellation or postponement of events due to the current pandemic (indeed, some of the above figures remain provisional), has led to a portion of the existing funds being held over to subsequent funding rounds (being held by the IMA in a restricted account on behalf of the Trust), the above awards totalling £8,118.00. As anticipated, the pandemic had an even more significant effect than in the previous reporting year, but the calls upon funding may increase substantially in due course if postponed and scheduled events subsequently run concurrently.
We have been pleased with the uses to which the funds have been put. The Trustees were satisfied that the Journal produced a public benefit over the year.
Declaration The Trustees declare that they have approved the Trustees’ report above.
Signed on the behalf of the Charity’s Trustees
Signature:Full Name: ~\,John&.Robert Cony King Position: Chair of Trustees Date: 2% [cz (2\
Z| CHARITY COMMISSION | Independent examiner's report on the FOR ENGLAND AND WALES accounts
Section A -. Independent Examiner's Report Report to the trustees/ rs ; - acre e a 2 On accounts for theended; year Isr M Rich; 2Bo2\ | Charity(if any) no ,211632 Set out on pages : ae: | | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended ; Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act’). | report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent [The charity's gross income exceeded £250,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]}. Delete [ ] if not applicable. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounis did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. | 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 accounts to be reached. * Pleas? delete the words in-the brackets if they do not apply. Signed: ce er Date: 22/12/22. Name: = PAu CIES qualification(s)Relevant professionalor body 1 Cer.ee IER 4 Oct 2018
‘07eee Address: FiAcitot, Sch Chré, BURCH FIELP Gopsmard RDO 2a7 _3%Es |
Section B
Disclosure
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ANNUAL Accounts
FoR 2
Quaetekc) Soudwae of Mediharcs Ann AffLien MATHEMATICS Fistuve Mont Patiod Anos ~ lot Mitch 20m)
Opening Resetves dlr 262,469 INcom€ 9\ fol{Zo CLFOLD UnivyetsiTt PLES (ftoer SY AEC) £5, 220 Ex PENSE Ol\fod] v1 (MA Aomin FEC 5,000 Giesip RESERVES c/er D374 Sufbitee BT: Che he Resi ak O1\/o3/ 2024 Sud, 144
A 98 12/202|