Charity registration number 10514961England and Wales)
Company registration number 03071174
THE IJURR FOUNDATION LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE IJURR FOUNDATION LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr T Goodfellow
Dr E Jackson
Professor Dr T Tasan Kok
Professor B Lipietz
DrLWan
Dr C Rajagopal
DrDAgbiboa
DrAAruska De Souza Santos
(Appointed 1 February 2024)
(Appointed 16 November
2024)
Secretary
Mrs S Daisy
Administrator
Mrs S Daisy
Charity number (England and Wales)
1051496
Company numbèr
03071174
Rggistered office
% Professor Tom Goodfellow
Department of Urban Sludie8 and Planning
Room F16, Geography and Planning Building
Winter Slreet
Sheffièld
S3 7ND
Auditor
Kingston Burrowes Audil Lld
308 Ewell Road
Surbiton
Surrey
Iff6 7AL
Bankers
HSBC Bank plc
6 High Street
Bishops Castle
Shropshire
SY9 5BJ

THE IJURR FOUNDATION LTD
CONTENTS
Page
Trustees report
Independent 8uditor's report
Statement of financial aclivities
10
Balance sheet
11
Notes to the financial statements
12-17

THE IJURR FOUNDATION LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their report along
wtth the financial statements of the charity for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and
Reporting by Charities,. Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
Objectives and activities
The aims of IJURR are to 'promote and improve social scientific research, education and scholarship in the field of
urban, rural and regional studies,. To this end it may=
1. publish joumals, books, articles, bulletins, reports and other malèrials in any media.
2. arrange and host or support courses. workshops, seminars and other educational activities.
3. provide for individuals to participate in conferences, courses, workshops, seminars and other educational
aclivities, and
4. arrange or support research and activities related to research
Consistent with these aims. the Trustees have kept in mind the Charriy Commission's guidance on public benefit_
The Foundation focuses its activities on encouraging the training and career development of young researchers in
the field of urban and regional studies, mainly those from low and middle-income countries as defined by the world
bank.
It thus aims to provide public benefils by increasing the educational opportunities for young researchers and by
increasing Ihe capacity of Ihe5e young researchers to contribute to internationally recognised rese8rch in the field of
U￿an and regional studies, thereby enhancing this field of research. Currently, it does this by supporting
studentships and writing up grants, as well as grants to attend irbtemalional conferenGe5. Details of Ihese are
discussed below.

THE IJURR FOUNDATION LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Grant making pollcy
The trustees allocate funds to four main types of activities in support of its objectives..
1. Studenlships
2. Writing up grants
3. Conference travel grants
4. Other training events in urban studies
studentships to contribute to educational public benefit, support for postgraduate research degrees are offered lo
students who are within the field of urban and regional sludies.
The Foundation is Gon￿rned to promote urban and regional research and within this broad field it is particularly
keen to encourage an understanding of the interconnection belween social, economic and political processes and of
the broader causes and effects of these processes. This means for example Ihal research whiGh examines policies
ritically and focuses on their unintended. as well as intended. consequences is more likely to be supported than
research on managerially defined questions. Conversely research which takes a 'technical' approach to urban and
regional questions and does not place them within wider contexts of understanding is unlikely lo be given priority.
Although these CDncerns are likely to lead to social scientisls such as sociologists, political scientists. geographers,
economists and town planners predominating among applicants, olhers suGh as lawyers, cultural theorists,
anthropologists and hislorians are not discouraged from applying.
Studentships are intended to pemiit students, generally from low and middle-income countries, to pursue
postgraduate research degrees. In rècent years studenlships have been awarded to students from countries
including Turkey, Lebanon, China, India, Pakistan, Kenya, Brazil and Ethiopia. Since 2005. only applicants whose
nationality falls into the countries listed as low and middle-income by the World Bank classification have been
eligible to apply.
The value of the studenlships is normally up to £12000 per annum and Ihey will be for one years, duration (in ￿e￿nt
years more smaller grants have been awarded). The Trustees have the discretion lo increase Ihis in the light of
special circumstances or hardship. The studentship can be spent on living expenses or fees but is not intended to
cover the full costs of being a student. and applicants will need to apply to other sources of funding.
IJURR Foundalion studentships may be held in any department where the Trustees are satisfied with supervisory
arrangements for research on urban and regional subjecis. In general, these will be departments with a tradition of
supervision in these areas, but applicants may supply other evidence of the appropriateness of the department.
All studentships are conditional on acceptance by the university department.
Achievements and performance
Significant aCtivit￿S and achievements against objectives
studentship: studentship awards were paused for the year 2024.
Writing-up gTants- 136 applications were received from 34 countriés (compared with 70 from 27 Gountries in
2023.) 11 awards totslling £46, 162 (grants valued between £1000 and £50001 were awarded to applicants from the
Indonesia, Brazil {3),Ethiopia. Egypt, Lebanon, India, China, South AfriGa and Peru.
Confvrencg travel grants: contributed £20,000 to RC21 Summér School in Chile held summer 2024 (paid in year
ending June 2025}
Other Training activities,. Two majority regions workshops funded at £5,000 each to support early career
researchers lo publish in aGademic journals. Held in Thailand and Ghana.

THE IJURR FOUNDATION LTD
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Financial review
The Foundation is reliant on income from Ihe Intemational Journal of Urban and Regional Research which is run by
a wholly owned subsidiary of the Foundation. The income for 2023124 was £137,769 (2022123.. £98,096). This is
supplemented by interest from the Foundation's COIF account where Ihe annual incorne is invesled. The
Foundation does not hold investments. The Foundation spent £67,454 in 2023124 (2022123.. £181,123>.
Administrative cosls are kept to a reasonable minimum tsking account of the international scope of the Foundation.
Investment policy and perfornian¢e
The investment policy of the Foundation 15 simple. Income is re￿iVed from URP and all the income is invested in
the COIF account. This generates a small amount of interest per annum. Funds are drawn down through the yèar
as needed. The Foundation does not use investment advisors Sin￿ il does not hold long term balances of sufficient
size lo make this worlhwhile. Given these factors the Foundation has not considered the need for an ethical
investment policy.
Reserves policy
The Foundation re￿iVed a one-off payment from URP as well as significant increase in the expected annual
Income. The increased income allowed The Foundation to expand ils programme of grants and bursaries. The
Foundation responds to applications for grants after ils annual income has been received. In this way Ihe
Foundation is able to plan and maximise its annual expenditure. Where commitments are made beyond the
academic year in question, the Foundation retains reserves to cover these commitments. Unrestricted reserves at
30 June 2024 amounted to £360,386 (2023.. £286,372).

THE IJURR FOUNDATION LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Structuro. governance and management
The IJURR Foundation Ltd (formerly FURS) was set up in 1995 as a chariiy under the Companies Act. Its main
source of income is the surplus generated by the Intemational Joum81 of Urban and Regional Research, the leading
critical urban and regional studies journal established in 1977 and published by Wiley Publishing. IJURR is run by
Urban Research Publications. a wholly owned subsidiary ofthe Foundation.
The affairs of the Foundation are managed by a governing body of Trustees. Trustees are appointed at General
Meetings of the Foundation. Members of the Foundation consist of..
1. Trustees appointed or elecled at general meetings.
2. Members of the Editorial Board of the Inlernational Journal of Urban and Regional Research.
3. Other persons elected at an Ordinary meeting of the Foundation, up to a maximum of five.
The articles of associalion of Ihe Foundation provide that Ihere should be a minimum of five trustees and a
maximum of ten. They also specify that at each Annual General Meeting of the Foundalion two trustees should
resign. They may be re-elected at this point. All Trustees give their time on a voluntary basis and receive no
remuneration or benefrts beyond reasonable expenses for attending Trustees. meetings.
Members of the Editorial Board of the Intemational Joumal of Urban and Regional Research who are paid any
remuneration by the Journal are not eligible to be Trustees, but in order lo mainlain links between the Joumal and
the Foundalion,. it is practice to include amongst the Trustees two unremunerated members of the Editorial Board.
The articles of association provide that such members should be a minority of Truslees.
The Trustees meet On￿ a year to consider the award of grants for the following year and to consider the progress
of the Foundation in meeling tts objectives to promote and improve social scientific research, education and
scholarship in the field of urban, rural and regional studies. At this meeting they also consider reports on the
progress and outcomes of studentships and other grants awarded by the foundation.
Trustees are appointed on the basis of their expertise in this area and in order lo reflect the international nature of
the studies, which fall within the scope of the Foundalion.
The Administrator manages the processes of application for funding from the Foundation as well as maintaining its
website Ihttp'.Ilvvww.ijurr.orglijurr-foundationl) and much ol the communication with recipients of funding.
Risk Management
The Foundation has negligible risks and no liabilities beyond its annual expenditure. The Foundation neither owns
nor rents premises and does not hold any investments. The Administrator is paid by honorarium, but is nol an
employee. The Trustees allocate grant funds annually. These allocalions are made afier recèipt of. and well within,
the annual income. The release of the main funds for studenlships is made two times a year to coincide with
university terms. Oiher funds are released at the start of Ihe academiG year for research travel and related costs.
Additional expendilure is made on other academic activities and there are trustees. expenses. These items are
modest.
The main risk occurs where commFtmenls are made beyond Ihe academic year in question, for example for bi-
annual support to the RC21 summer school. In these casès the Foundation relains funds in its COIF accounl to
cover these commitments in the case Ihat income for the following year falls below expectations.

THE IJURR FOUNDATION LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial staternents were-
Professor J Boudreau
(Resigned 14 January 2024>
Professor C Lemanski
(Resigned 6 September 2024)
Dr T Goodfellow
Dr E Jackson
Professor G Feltran
Professor Dr T Tasan Kok
Professor B Lipietz
DrLWan
Dr C Rajagopal
Dr D Agbiboa
Dr AAruska De Souza Santos
(Resigned 15 November 2024)
(Appointed 1 February 2024)
(Appointed 16 November 2024)
Recrutiment and appointment ol trustees
None of the trustees has any beneficial interest in the COTnpany. All of the trustee5 are members of the company and
guarantee to Gontribute £1 in the event of a winding up.
Statement of Trustees responsibilitles
The trustees, who are also the directors of The IJURR Foundation Ltd for the purpose of company law, are
responsible for preparing ihe Trustees Report and the financial statements in accordan￿ wilh applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accour)ting Practice).
Corr7pany law requires the trustees to prepare financial statements for each financial year. Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affair5 of the charitable company and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that period. In preparing those financial statements, Ihe
trustees are required to:
In preparing these financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles iri the Charities SORP..
make judgements and estimates that are reasonable and prudent- and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the will
continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial posilion of the and enable them to ensure that the financial statements comply with the
Companies Act 2Q06. They are 8lso responsible for safeguarding the assets of the and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
thère is no relevant audit information of which the charitable company's auditor is unaware and
the trustees have taken all steps that they ought to have laken lo make themselves aware of any relevant audit
infomiation and to establish that the auditor is aware of that informalion
The trustees are responsible for the maintenance and integrily of the corporate and financial information included on
the charitable company's website. Legislation in the United Kingdom governing Ihe preparation and dissemin8tion of
financial statements may differ from legislation in other jurisdictions.

THE IJURR FOUNDATION LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Audltor
In accordance with the company's articles, a resolution proposing that Kingston Burrowes Audit Ltd be reappointed
as auditor of the company will be put at a General Meeting.
Dlsclosure of information to audltor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant infomiation and to establish that the auditor is aware of such information.
The Trustees report was approved by the Board of Trustees.
Dr T Goodfellow
Trustees
28 March 2025

THE IJURR FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE IJURR FOUNDATION LTD
Opinion
We have audited the financial statements of The IJURR Foundation Ltd {the ") for the year ended 30 June 2024
which comprise the statement of financial activities. the balance sheet and notes lo the financial statements,
including significant accounting policies. The financial reporting framework that has been applied i n their preparation
is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Thg
Financial Repothng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting PracticE}.
In our opinion, the financial slatements=
give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordan￿ with Ihe requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing (UK) (ISAS (UK}l and applicable
law. Our responsibilitie5 under those standards are further described in the Auditorfs responsibilities for the audrf ol
the financial statements section of our report. We are independent of the in accordance with the ethical
requirements that are relevanl to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibililies in accordance with these requirements. We believe
that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nol identified any material Un￿rtaInlieS relating to events or
conditions that, individually or collectively, may cast significant doubt on the 's abilily lo continue as a going concern
for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevanl sections of this report.
other infomiation
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the olher information contained within the annual
report. Our opinion on the financial statements does not cover the other informalion and, except to the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and. in doing so, consider whether the other information is materially
inconsistent with the financial slatements or our knowledge obtained in the course of the audil, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required lo determine whether this gives rise to a material misstatement in the financial statemenls themselves. If,
based on the work we have perfomied, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit".
the information given in the Trustees report for the financial year for which the financial statements are
prepared, which includes the directors, repori prepared for the purposes of company law, is consislent with the
financial statements., and
the directors, report induded within the Trustees réport has been prepared in accordance with applicable legal
requirements.

THE IJURR FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE IJURR FOUNDATION LTD
Matters on which we are roquired to report by exception
In the light of the knowledge and undèrstanding of the and its environment obtained in the course of the audit, we
have not identified material misstatements in the direclors, report included within the Trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
US to report to you if, in our opinion..
adequate accounting records have not been kepl, or returns adequate for our audit have nol been received
from branches not visited by us- or
the financial statements are not in agreement with the accounting ￿CordS and returns,. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have nol received all the informalion and explanations we require for our audit., or
the trustees wère not entitled to prepare the financial ststements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Truslèes report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the statement of Trustees responsibilities, the trustees, who are also the directors of the
for the purpose of company law, are responsible for the preparation of the financial slatements and for being
Satisfied that they give a true and fair view, and for such internal Control as the Irustees delermine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or
error. In preparing the financial statements, the truslees are responsible for assessing the 's ability lo continue as a
going concern, disclosing, as applicable. matters related to going concem and using the going concern basis of
accounting unless the Irustees either intend to liquidate the charitable company or to cease operations. or have no
realistic alternative but to do so.
Auditor's responsibilltles for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance
wilh ISAS (UK) will always detect a material misstslement when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expecled lo influence
the economic decisions of users taken on the basis of these financial statements.
Irregularilies, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irreg ularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Enquiry of management, Ihose charged with govemance about actual and potenlial litigation or claims and
identification of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.
Auditing the risk of management override of controls. including through testing joumal entries and other
adjustments for appropriatenes5.
Performing analytical procedures to identify any unusual or unexpected r91alionships that may indicate risks of
material misstatement due lo fraud.
Professional scepticism in course of the audit and with audit sampling in material audit areas.
Because of the inherent limitalions of an audit. there is a risk that we will not detect all irregularities. including those
leading to a material misstatement in the financial statement5 Qr non-compSiance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial slatements, as we will be less likely to become aware of InStan￿S of nortrcompliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresenlation.

THE IJURR FOUNDATION LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE IJURR FOUNDATION LTD
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=/l
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitatrje company's
members those matters we are reqUI￿d lo slate to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Gharitsble
company and the charitable company's members as a body, for our audit work, forlhis report. or for the opinions we
have formed.
Kèvin Fisher BA FCA CTA (Senior Statutory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd, Statutory Auditor
308 Ewell Road
Surbiton
Surrey
KT6 7AL
28 March 2025

THE IJURR FOUNDATION LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Unrestricted
funds
funds
2024
2023
Notes
Income from:
Donations and legacies
Snvestments
137,769
3,699
98,096
1,855
Total income
141,468
99,951
Expenditure on:
Charitable activities
87,454
181,123
Total expenditure
67,454
181,123
Net incomel{expenditure) and movement in funds
74.014
(81,172)
Reconciliation of funds..
Fund balances at 1 July 2023
286.372
367,544
Fund balances at 30 June 2024
360,386
286,372
The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

THE IJURR FOUNDATION LTD
BALANCE SHEET
ASAT30 JUNE 2024
2024
2023
Notos
Fixed assets
Investments
10
100
100
Current assets
Debtors
Cash at bank and in hand
11
96,644
268,747
83,875
204.287
365,391
288.162
Creditors: amounts falling due within
one year
12
(5,105}
{1,890)
Net current assets
360,286
286,272
Total assets less current liabilities
360,386
286,372
Tha funds ot the
Unrestricted funds
13
360,386
286,372
360,386
286,372
28￿3-2025
The financial statements were approved by the trustees on .........................
Professor Dr T Tasan Kok
Trustees
Company registration number 03071174 {England and Wales)
11

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charlty information
The IJURR Foundation Ltd is a private company limited by guarantee incorporated in England and Wales. The
registered office is C/0 Professor Tom Goodfellow, Department of Urban Studies and Planning, Room F16,
Geography and Planning Building, Winter Street, Sheffield, S3 7ND.
1.1 Accountlng Convention
The tinancial statemerrts have been prepared in accordance with the 's governing document, the Companies
Act 2006, FRS 102 'The Financial Reporting Standard applicable in thè UK and Republic of Ireland" and the
Chartties SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 1021" The is a Public Benefit Entily as defined by FRS 102.
The has taken advantage of the provisions in the SORP for Gharities nol to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts
in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convenlion. Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valvel. The principal accounting policies adopted arè set out below.
1.2 Going concern
At the lime of approving Ihe financial statements, the Irustees have a reasonable expectation thal the has
adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees continue
to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discrets'on of the trustees in furtheran￿ of their charitable
objertives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4 Income
Income is recognised when the is legally entitled lo it after any performance conditions have been met, the
amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once Ihe has been nolified of the
donation, unless perfomiance conditions require deferral of Ihe amount. Income tax recoverable in relation to
donations re￿iVed under Gift Aid or deeds of covenanl is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or othewse if the has been notified of an impending distribution, the
arnount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent
asset.
12-

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each aclivity are made up of the lolal of dir* costs and
shared costs, including support Costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more Ihan one activity and
support costs which are not attributable to a single aclivily are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of tirne spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Flxèd asset investments
The charity has one wholly owned subsidiary. The subsidiary undertaking is valued at cost less any
cumulalive impairmenl losses in the charity's acKounts
1.7 Cash and Cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairments are recognised in expenditure.
Income from donations and legacies
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifts
137,769
98,096
Donations and glfts
Covenanted donation
137,769
98,096
137,769
98,096
Incoma from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Bank interest
3,699
1,855
13-

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Expenditure on charitable activities
Cost of
charitable
activitles
2024
Cost of
charitable
activities
2023
Direct costs
Sponsorship and fellowships
Workshops
41,481
7,302
161,540
3,245
48,783
164,785
Share of support and governance costs (see note S)
Support
Governance
13,447
5,224
13,496
2,842
67,454
181,123
Analysis by fund
Unrestricted funds
67,454
181,123
Support costs allocated to activities
2024
2023
Secretarial honorarium
Bank charges
Other expenses
Governance costs
12,500
454
493
5,224
12,500
874
122
2,842
18.671
16,338
Analysed betweon:
Cost of charitable activities
18,671
16,338
2024
2023
Govemanee costs comprise:
Audit fees
Trustees, expenses
1,980
3,244
1,890
952
5.224
2,842
14-

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting}'.
Fees payable for the audit of Ihe charity's financial statements
1,980
1,890
Trustees
None of the trustees {or any persons connected with them) received any remuneration or benefits from the
during the year. Travelling and subsistence expenses reimbursed to 8 (2023.. 4) trustees totalled £3,244
{2023= £952).
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
There were no employees whose annual remuneralion was more than £60.000.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Fixed asset investments
other
invostments
Cost or valuation
At 1 July 2023 & 30 June 2024
100
Carrying amount
At 30 June 2024
100
At 30 June 2023
100
2024
2023
Other investments comprise..
Notes
Investments in subsidiaries
14
100
100
15-

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
11 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
96,644
83,875
12 Creditors: amounts falling duo within one year
2024
2023
Accruals and deferred income
5,105
1,890
13 Unrestrlctod funds
The unrestricted funds of the charity comprise the unexpended balances of donalions and grants which arg
not subject to specific ¢onditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 July 2023
Incoming
resources
Resources
expended
At 30 June
2024
General funds
286,372
141,468
(67,454)
360,386
Previous year:
At 1 July 2022
Incorning
resources
Resources
expended
At 30 June
2023
General funds
367,544
99,951
(181,123}
286,372
14 Subsidiaries
Delails of the 's subsidiaries at 30 June 2024 are as follows-
Name of undertaklng
Registered
office
Nature of business
Class of
shares held
% Held
Direct Indirect
Urban Research
Publications Limited
UK
Publication
Ordinary
100.00
The aggregate capital and reserves and the result for Ihe year of subsidiaries excluded from consolidation
was as follows..
Name of undertaking
Profrtl(Loss) Capital and
R8s8rves
Urban Research
Publications Limited
10.885
16-

THE IJURR FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
15 Related Party Transactions
The Urban Research Publications Limited produ￿$ the Intemational Journal of Urban and Regional
Research, and covenants all of its tsxable profits transferred to the charity included in donations re￿Ived. A
summary of their tradin9 results is shown below.
2024
2023
Turnover
Cost of Sales
350.388
325,670
350,388
325,670
LOLS: Overheads
212,619
227,574
Net Profit
137,769
98,096
Amount Covenanted lo the Charity
137,769
98,096
Less= Taxation
Retained in Subsidiary
£Nil
£Nil
Net Assets at 30 June 2024
£10,885
£10,885
16 Future Financial Commitments
At 30 June 2024 the company had agreed to provide sponsorship and workshops of £ 24.792 (2023.. £ Nil)
17-