```
REGISTERED CHARITY NUMBER: 313861
```
```
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2021
```
```
for
```
```
The Society for Educational Studies
```
```
Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB
```
```
The Society for Educational Studies
```
```
Contents of the Financial Statements
for the Year Ended 31 July 2021
```
||`Page`|
|---|---|
|`Report of the Trustees`|`1 to 4`|
|`Independent Examiner's Report`|`5`|
|`Statement of Financial Activities`|`6`|
|`Balance Sheet`|`7`|
|`Notes to the Financial Statements`|`8 to 12`|
|`Detailed Statement of Financial Activities`|`13 to 14`|
```
The Society for Educational Studies
```
## `Report of the Trustees`
## `for the Year Ended 31 July 2021`
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31July2021. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The aims of the Society are to discuss and promote study and research in education by:
```
```
- ensuring the quality and status of research and scholarship in educational studies;
```
```
- encouraging debate and discussion especially on educational policy issues;
```
```
- acting as a public voice for educational studies especially in responding to critical attacks on the quality
and integrity of the field;
```
```
-recognisingdistinctioninthefieldofeducationalstudiesbyawardingofthestatusof'FellowoftheSociety of
Educational Studies', FSES;
```
```
- sponsoringthe worldclasspublicationThe BritishJournalof EducationalStudiesas a vehicleto promotethe above
aims;
```
```
Theseaimsareachievedthroughofferingsmallresearchgrantstoearlycareerresearcherstoadvancea particular
fieldofstudy;throughcelebratingthebestbookspublishedinthefieldofeducationeachyearthroughthe Annual
BookPrizes;holdinganannualtwo-daycolloquiumonathemerelatedtoeducation,attendedby international
delegates;publishingtopqualityarticlesintheBritishJournalofEducationalStudies,encouraginginteresting and
relevant special issue proposals, and re-publishing articles via themed virtual issues.
```
## **`Overview`**
```
TheSocietyhas,in2020-21,continuedtobe impactedbythecoronaviruspandemic.In2020theSocietywasable to
offerextensionstoit's2020AnniversarySmallGrantFollow-Onfundingschemetothreeprevious2020 Anniversary
Grantees.Whilemuchofthisdisseminationworkwaspausedduetothepandemic,somedisseminationhas been
possibleandtheSocietyandgranteeshaveworkedflexiblytobestusethefunds.The2020AnnualColloquium was
postponedfrom September2020 to September2021: thereforeplanningfor an in-personevent took place in 2020-21
to keep key note speakersengaged,and those that had registered/submittedpapers up to date on arrangements. The
ColloquiumwilltakeplaceinSeptember2021atOrielCollege,Oxford.TheSocietyhascontinuedtoengage the
educationalcommunitythroughitsjournal.OtheractivitieshavebeenlimitedwithBoardmeetingstaking place
remotely in 2020-21. Plans are being developed to offer a new round of small grant funding opportunities in 2021-22.
```
## **`Grantmaking`**
```
TheFollow-Onfundingopportunitiesofferedto3grantholdershavebeenextendedduetothepandemic. This
fundingwaslargelyintendedtobeusedfordisseminationactivitiesoftheoriginalresearch.Grantees generally
remained in contact with the Society but some activities have been delayed and/or rethought.
```
## **`Events and Annual Colloquium`**
```
The AnnualColloquium,underthetheme'PublicIntellectualsandEducationina changingsociety',duetotake place
in September 2020 was postponed to September 2021.
```
```
Page 1
```
```
The Society for Educational Studies
```
```
for the Year Ended 31 July 2021
```
## `Report of the Trustees`
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`A review of our achievements and performance`**
```
TheExecutiveCommitteeundertakeregularreviewsofthecharitableactivitiesoftheSociety,includingits impact
withinandbeyondtheAcademy,andgeneralvalueformoneyandcosteffectiveness.Inadditiontoareview of
Societyactivity,theExecutiveCommitteeplanfortheyearaheadandbeyond.Planninghasbeendifficultduring the
pandemic,butthe2020Colloquium,titled'PublicIntellectualsandEducationinachangingSociety'has been
rescheduled2021(datetobeconfirmed).ThreemembershavebeennominatedtobecomeTrusteesatthe 2021
AGM..
```
```
SeparatereportsareavailablefromtheEditorof theBritishJournalof EducationalStudies,TheBookReviews Editor,
the Book Awards chair. As well as a successfulyear in terms of submissionsand publicationsin the Journal,the Journal
has consolidatedthe move to six issues per year. . There is no Book Award for the second year in succession.Plans are
in place to ensure that books are awarded in 2021-22 and to hold a new call for small grant applications in 2021-22.
```
```
The Society has honoured one new Fellow in 2020-21, Professor Ivor Goodson.
```
## **`FINANCIAL REVIEW`**
## **`Investment policy and objectives`**
```
TheSocietycontinuestoworkwithQuilterCheviotandPunterSouthallFinancialManagementtoprovidea secure
basis for its asset managementand future charitableexpenditure.The currentcontractwith Punter Southallruns until
February 2022. Decisions will be taken by the Executive regards whether to remain with them or to move.
```
## **`Reserves policy`**
```
TheExecutiveCommitteehavereviewedthereservesoftheSociety.TheFinancialReportthataccompanies this
reportshows a healthyyear for the Society,with a surplusof £292,150,which have increasedthe Society'sreserves to
£1,286,983.TheExecutiveCommitteewillcontinuetomonitortheseandmakeactivedecisionswith regards
expenditureof charitablefundsin the best interestof the Society'saims.Currentexpenditureis more thancovered by
the Society's annual income.
```
## **`Financial performance`**
```
The charity produced a surplus of £292,150 (2020: £41,731).
```
```
The expenditure on charitable activities amounted to £35,885 (2020: £83,283).
```
```
The charity'sbalancesheetremainsverystrongandtheunrestrictedfundsof thecharityarenow£1,286,983 (2020:
£994,833).
```
## **`FUTURE PLANS`**
```
The 2021AnnualColloquiumwilltakeplacein September2021.It willbe heldin-personat OrielCollege,Oxford. The
Societywill lead the way regardsa returnto in-personevents as othersocietieskeep theirannualconferences online.
The Societyhas selectedits Fellowfor 2020-21,ProfessorIvor Goodson.Plansare beingdevelopedto opena new call
for small grantopportunities,whichwill be linkedto the 2022 AnnualColloquium,whichwill take placein September
2022.Theimmediatefuture,globally,remainsfairlyuncertain,sotheSocietywillcontinuetorelyonit'swebsite to
communicatewith members. Havingsaid that,the possibilityfor representationat major conferencesin 2022 is being
looked at including AERA and BERA.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
```
Page 2
```
```
The Society for Educational Studies
```
## `Report of the Trustees`
## `for the Year Ended 31 July 2021`
```
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity .
```
```
The charity's governing document is the revised constitution adopted at the 2020 Annual General Meeting.
```
```
The charity is constituted as a charitable trust.
```
```
TheofficersoftheExecutiveCommittee,namelytheChair,SecretaryandTreasurernormallyholdofficefor three
years from the date of their election and are ex-officio members of the Executive Committee.
```
```
MembersoftheExecutiveCommitteeareelectedattheAnnualGeneralMeetingandholdofficefromthedate of
theirelection.Theymayservetwoperiodsofofficeconsecutively,eachofthreeyears.Theperiodofmembership of
the Executive Committee is suspended for those member selected to ex-officio positions during their term of office.
```
```
Therearenoregionalorbranchorganisations.TheSocietyforEducationalStudies(SES)seekstoestablish and
maintain contact with the national organisations concerned with specialised aspects of education.
```
```
The Executive Committee meets at least three times per year and holds and reports to an Annual General Meeting.
```
```
TheExecutiveCommitteesetsupsuchsub-committeesasdeemednecessary.Thesesub-committeesreportto the
Executive Committee and at the Annual General Meeting.
```
## **`Key management remuneration`**
```
SES has continuedwith the roles of Editorand AssistantEditorfor theThe AssistantEditorrole is well-established and
supports the Editor with international work as well as leading on Virtual and Special Issues.
```
## **`Key management and personnel information`**
```
SEShascontinuedwiththerolesofEditorandAssistantEditorfortheBritishJournalofEducationalStudies. The
AssistantEditorrole has worked well in its first year and supportsthe Editorwith internationalwork as well as leading
on Virtual and Special Issues.
```
## **`Risk management`**
```
TheExecutiveCommitteemanagethecharity'sprogressattrusteemeetingsandundertakeacomprehensive review
annually. As part of this process the Executive Committee consider :-
```
- `Risks to the charity;`
- `Systems and procedures required to mitigate risks identified;`
- `Implementation of any such procedures;`
- `Possible conflicts of interest of Executive Committee members at any stage.`
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
313861
```
## **`Principal address`**
```
24 Thackeray Road
Clevedon
North Somerset
BS21 7JQ
```
## **`Trustees`**
```
Professor J Arthur OBE
Professor G McCulloch
Professor A Peterson
Dr T Harrison
Professor G Attwood
Professor H Bryan
Dr R Race
```
```
Page 3
```
```
The Society for Educational Studies
```
## `Report of the Trustees`
```
for the Year Ended 31 July 2021
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB
```
## **`Investment brokers`**
```
Quilter Cheviot
Two Snow Hill
Snowhill
Queensway
Birmingham
B4 6GA
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
........................................................................
Professor J Arthur OBE - Trustee
```
```
Page 4
```
```
Independent Examiner's Report to the Trustees of
The Society for Educational Studies
```
## **`Independent examiner's report to the trustees of The Society for Educational Studies`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheSocietyforEducationalStudies(the Trust)
for the year ended 31 July 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutundersection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Mr Paul Reeve FCCA
Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB
```
```
Date: .............................................
```
```
Page 5
```
```
The Society for Educational Studies
```
## `Statement of Financial Activities`
## `for the Year Ended 31 July 2021`
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`2`
`Investment income`
`3`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`General educational support`
`Other`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`31.7.21`
`Unrestricted`
`fund`
`£`
`2,139`
`160,000`
`20,894`
`183,033`
`35,885`
`11,612`
`47,497`
`156,614`
`292,150`
`994,833`
`1,286,983`|`31.7.20`
`Total`
`funds`
`£`
`-`
`160,199`
`20,235`|
|---|---|---|
|||`180,434`
`83,283`
`10,704`|
|||`93,987`
`(44,716)`|
|||`41,731`
`953,102`|
|||`994,833`|
```
The notes form part of these financial statements
```
```
Page 6
```
```
The Society for Educational Studies
```
## `Balance Sheet`
## `31 July 2021`
|`Notes`
**`FIXED ASSETS`**
`Investments`
`6`
**`CURRENT ASSETS`**
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`8`
`Unrestricted funds`
**`TOTAL FUNDS`**|`31.7.21`
`Unrestricted`
`fund`
`£`
`923,262`
`373,121`
`(9,400)`
`363,721`
`1,286,983`
`1,286,983`
`1,286,983`
`1,286,983`|`31.7.20`
`Total`
`funds`
`£`
`767,185`
`235,555`
`(7,907)`|
|---|---|---|
|||`227,648`|
|||`994,833`|
|||`994,833`|
|||`994,833`|
|||`994,833`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
J Arthur OBE - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
The Society for Educational Studies
```
```
Notes to the Financial Statements
```
```
for the Year Ended 31 July 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct 2011. The financialstatementshave been preparedunder the historicalcost convention,with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||`31.7.21`|`31.7.20`|
||`£`|`£`|
|`Royalties`|`160,000`|`160,199`|
```
continued...
```
```
Page 8
```
```
The Society for Educational Studies
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 July 2021
```
## **`3. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
||`31.7.21`|`31.7.20`|
||`£`|`£`|
|`Dividends`|`20,894`|`20,235`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Thetrusteeshavereceivedhonorariaandroundsumexpenseallowanceswhilstperformingdutiesfor the
Trust.
```
```
Honoraria
```
```
James Arthur received £2,500 (2020: £2,500)
Gaynor Attwood received £3,000 (£2020: £3,000)
Tom Harrison received £3,000 (2020: £2,000)
Gary McCulloch received £8,500 (2020: £8,500)
Andrew Peterson received £4,000 (2020: £4,000)
Aidan Thompson received £7,000 (2020: £7,000)
```
```
Round sum expense allowances
```
```
James Arthur received £nil (2020: £360)
Andrew Peterson received £nil (2020: £360)
```
## **`Trustees' expenses`**
```
Thetrusteeshavebeenreimbursedfortravelandotherexpensesincurredwhilstperformingdutiesfor the
trust.
```
```
Expenses reimbursed
```
```
James Arthur received £nil (2020: £522)
Gaynor Attwood received £nil (2020: £323)
Helen Hanna received £nil (2020: £1,003)
Tom Harrison received £nil (2020: £463)
Gary McCulloch received £nil (2020: £76)
Andrew Peterson received £nil (2020: £173)
Michael Waring received £nil (2020: £208)
```
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`General educational support`|`Unrestricted`
`fund`
`£`
`160,199`
`20,235`
`180,434`
`83,283`|
|---|---|
```
continued...
```
```
Page 9
```
```
The Society for Educational Studies
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 July 2021
```
|**`5.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
`Other`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`6.`**
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 August 2020`
`Additions`
`Disposals`
`Revaluations`
`At 31 July 2021`
**`NET BOOK VALUE`**
`At 31 July 2021`
`At 31 July 2020`
`There were no investment assets outside the UK.`
`Cost or valuation at 31 July 2021 is represented by:`
`Valuation in 2020`
`Valuation in 2021`
`Cost`|`Unrestricted`
`fund`
`£`
`10,704`
`93,987`
`(44,716)`
`41,731`
`953,102`
`994,833`
`Listed`
`investments`
`£`
`767,185`
`87,537`
`(88,074)`
`156,614`
`923,262`
`923,262`
`767,185`
`Listed`
`investments`
`£`
`(44,716)`
`156,614`
`811,364`
`923,262`|
|---|---|
```
continued...
```
```
Page 10
```
```
The Society for Educational Studies
```
## `Notes to the Financial Statements - continued`
## `for the Year Ended 31 July 2021`
## **`7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
||`31.7.21`|`31.7.20`|
|---|---|---|
||`£`|`£`|
|`Trade creditors`|`4,600`|`3,107`|
|`Other creditors`|`4,800`|`4,800`|
||`9,400`|`7,907`|
## **`8. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`s follows:`
`Incoming`
`resources`
`£`
`183,033`
`183,033`|`At 1.8.20`
`£`
`994,833`
`994,833`
`Resources`
`expended`
`£`
`(47,497)`
`(47,497)`|`Net`
`movement`
`At`
`in funds`
`31.7.21`
`£`
`£`
`292,150`
`1,286,983`
`292,150`
`1,286,983`
`Gains and`
`Movemen`
`losses`
`in funds`
`£`
`£`
`156,614`
`292,150`
`156,614`
`292,150`|`Net`
`movement`
`At`
`in funds`
`31.7.21`
`£`
`£`
`292,150`
`1,286,983`
`292,150`
`1,286,983`
`Gains and`
`Movemen`
`losses`
`in funds`
`£`
`£`
`156,614`
`292,150`
`156,614`
`292,150`|
|---|---|---|---|---|
|||||`292,150`|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.8.19`
`£`
`953,102`
`953,102`|`Net`
`movement`
`in funds`
`£`
`41,731`
`41,731`|`At`
`31.7.20`
`£`
`994,833`|
|---|---|---|---|
||||`994,833`|
```
continued...
```
```
Page 11
```
```
The Society for Educational Studies
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 July 2021
```
## **`8. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`180,434`
`180,434`|`Resources`
`expended`
`£`
`(93,987)`
`(93,987)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(44,716)`
`41,731`
`(44,716)`
`41,731`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(44,716)`
`41,731`
`(44,716)`
`41,731`|
|---|---|---|---|---|
|||||`41,731`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.8.19`
`£`
`953,102`
`953,102`|`Net`
`movement`
`At`
`in funds`
`31.7.21`
`£`
`£`
`333,881`
`1,286,983`
`333,881`
`1,286,983`|
|---|---|---|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`363,467`
`363,467`|`Resources`
`expended`
`£`
`(141,484)`
`(141,484)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`111,898`
`333,881`
`111,898`
`333,881`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`111,898`
`333,881`
`111,898`
`333,881`|
|---|---|---|---|---|
|||||`333,881`|
## **`9. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 July 2021.
```
```
Page 12
```
```
The Society for Educational Studies
```
```
Detailed Statement of Financial Activities
for the Year Ended 31 July 2021
```
|`Detailed Statement of Financial Activities`
`for the Year Ended 31 July 2021`|||
|---|---|---|
||`31.7.21`|`31.7.20`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Subscriptions`|`2,139`|`-`|
|**`Other trading activities`**|||
|`Royalties`|`160,000`|`160,199`|
|**`Investment income`**|||
|`Dividends`|`20,894`|`20,235`|
|**`Total incoming resources`**|`183,033`|`180,434`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Research awards`|`-`|`23,768`|
|**`Other`**|||
|`Management fee`|`6,334`|`5,833`|
|`Adviser charge`|`5,278`|`4,871`|
||`11,612`|`10,704`|
|**`Support costs`**|||
|**`Management`**|||
|`Colloquium costs`|`-`|`19,413`|
|`Costs of delegates attending other conferences`|`(1,922)`|`(8,737)`|
|`Celebration dinner`|`-`|`10,165`|
|`Meeting costs`|`4,850`|`6,494`|
|`Marketing and secretarial expenses`|`67`|`66`|
|`Other costs`|`90`|`152`|
||`3,085`|`27,553`|
|**`Governance costs`**|||
|`Honoraria`|`28,000`|`27,000`|
|`Independent examiner fees`|`4,800`|`4,962`|
||`32,800`|`31,962`|
|`Total resources expended`|`47,497`|`93,987`|
|**`Net income before gains and losses`**|`135,536`|`86,447`|
|**`Realised recognised gains and losses`**|||
|`Carried forward`|`135,536`|`86,447`|
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Page 13
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The Society for Educational Studies
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Detailed Statement of Financial Activities
for the Year Ended 31 July 2021
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Realised recognised gains and losses
Brought forward
Realised gains/(losses) on fixed asset
investments
Net income
```
|`31.7.21`|`31.7.20`|
|---|---|
|`£`|`£`|
|`135,536`|`86,447`|
|`156,614`|`(44,716)`|
|`292,150`|`41,731`|
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This page does not form part of the statutory financial statements
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Page 14
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