2023-12-31-accounts

Company registration no: 03628986 (England and Wales) Charity no: 1071825 THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM CONTENTS Pages Legal and administrative information Trustees, annual report (including directors, report) 5-15 Statement of Trustees, responsibilities 16 Independent Examinerfs report 17 Statement of financial activities 18 Balance sheet 19-20 Statement of cash flows 21 Notes to the financial statements 22-30

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR TO 31 DECEMBER 2023 Legal and administrative information Full name The Political Studies Association of the United Kingdom Registered company number 03628986 Registered charity number 1071825 Trustees: Rose Gann Chair Andrew Mycock Claire Dunlop Stefan Wolff Vic&Chair vi￿chair {resigned June 2023) Honorary Treasurer (appointed October 2023) Honorary Treasurer (resigned June 2023) Honorary Secretary Early Career Network (co-opted September 2022 and then Appointed June 2023) Publications (appointed June 2023) Arianna Giovannini Specialist Groups (resigned June 2023) Indrajit Roy Specialist Groups Manjeet Ramgotra Equalty, Diversity & Inclusion Roula Nezi Equalty. Diversity & Inclusion (Diverse Voices) Schools Programme (resigned June 2023) International Relations Yvonne Galligan John Craig Heather Alberro Nicholas Allen James Weinberg Amelia Hadfield Omar Khan Lay-trustee Trustees Co-opted for one year: Alistair Clark Specialist Groups (resigned October 2023) David Jeffery Membership (appointed October 2023) Andrew Roe-crines Students, Schools & Undergraduate Programmes (appointed June 2023) All the above make up the PSA'S Executive Committee alongside representatives of the PSA'S Teaching and Leaming Network and the Early Careers Network.

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR TO 31 DECEMBER 2023 Legal and administrative information Key Staff Michelle Doyle Wildman Eva Kestner Chief Executive and Company Secretary Head of Operations & Finan Finan￿ Manager Miriam Fox Registered off ice PSA Head Office Elizabeth Meehan Suite Unit 2, Regent House 1-6 Pratt Mews London NW1 OAD Bankers Bank of Scotland Leicester Branch PO Box 1000 BX2 1LB Independent examiners UHY Hacker Young 14 Park Row Nottingham NG16GR

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 Report of the Trustees for 2023 The trustees, who act as directors for the purposes of company law, have pleasure in submitting their Annual Report and Financial Statements forthe year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities" 2015 (FRS 102) in preparing the annual report and financial statements of the charity. Legal Status The Political Studies Association of the United Kingdom, also known as the Political Studies Association (PSA and, below, as the Association), is a company limited by guarantee (number 03628986). The Political Studies Association is also a registered charity (number 1071825) and is subject to the provisions of the Charities Act 2011 and the rulings of the High Court with regard to charities generally. The charity is registered for VAT (number 620.3514.86). The majority of members of the Executive Committee of the Association are the trustees of the charity and are personally accountable for the proper management of the Association and its assets. They are required to act prudently at all times 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 Charities.. Statement of Recommended Practice ('Charity SORP 2015, FRS 102) fomi the accounting framework for charities. The current guidance can be found at.. www.charityc0mmission.gov.uklcharity_requirementsJuidan￿laCcountlng and reportingl. Objects and Membership The Political Studies Association of the United Kingdom was founded in 1950. The objectives of the Association, set out in clause 3 of the company's Articles of Association, are to promote the development of political studies and to encourage education and the advancement of learning in the art and science of government and in other branches of the political sciences" The charity is governed by its Articles of Association and by-laws. which were amended in March 2021 to: Bring them up to date with latest legislation and guidance Allow lay trustees to be members of the Executive Committee (and to also allow them to be appointed into the Honorary Treasurer roles) Allow the Executive committ￿ to change membership types Clarify the approach to removing trUSt￿s. Any person holding an appointment in political studies and allied subjects in a higher education institution, and any other person whose participation is likely to be advantageous to political studies, may become a member. Some members (students, teachers in schools, public members) do not have full voting rights or receive the PSA'S printed journals and this is reflected in a lower membership rate. As of December 2023, the total membership was 1600 (compared with 1546 at the end of 2022). This included 722 standard rate members (at 670 at the end of 2022), 520 early career members compared to 494 in 2022 as well as 111 student members and 40 school members. We monitor

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 membership trends closely and will continue to make membership retention and development a priority- Trustees and Governance The trustees of the Association constitute the Executive Committee. The Executive Committee normally meets four times a year. At the end of 2023, there were 13 members, ofwhom two were co-opted and one a lay-trustee. Under by-law 4.7, an elected trustee can serve for up to a total of two elected terms of three years and one year as a ccFopted member (maximum six plus one years) but must then stand down from the Executive Committee for one full tem (i.e., three years). Trustees can be co-opted to the Executive for a maximum period of one year before having a break of at least one year before undertaking another ccFoption. Appointment to the elected positions on the Executive Committee is determined through a ballot of all members. In 2023, three trustee positions came up for election and this process was overseen by Professor John Craig as PSA Honorary Secretary and Returning Officer. The successful candidates were Dr Manjeet Ramgotra (who embarked on her second term as trustee), Dr Heather Alberro and Professor Nicholas Allen. The PSA also undertook a process to appoint a new Honorary Treasurer. The successful candidate was Professor Stefan Wolff with another candidate, Dr David Jeffery, being offered a on&year role as a C￿opted trustee. Both took up their positions in October 2023. The Executive committ￿ also decided to appoint a Vic&Chair position from rts ranks as a rolling one-year role. In October 2023, trustee Dr Andy Mycock took up the position of Vice-chair. All the trustees who senied in 2023 are listed in the introductory section of this report. No trustee receives any remuneration. A number of trustees act as the lead for particular areas of activity and work closely with members of the PSA staff. The only formal standing committee which now exists is the Publications sub- committee which also involves all the PSA'S joumal editors and our academic publishers, SAGE Publishing. Staffing The Chief Executive, Michelle Doyle Wildman, continues to be supported by a team of officers covering Finance, Events, Communications and Membership. Promoting Equal Opportunities The Trustees are committed to creating a diverse and inclusive environment, to providing opportunities for career development for all and to opposing all fomis of discrimination. The Association's Equality and Diversity Strategy is one of the ￿ntral pillars of its ten-year strategic plan and is the lens through which we conduct all our operations. A working group of trUSt￿S and PSA members also convened in 2023 to discuss EDI in the association.

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 2023 saw the conclusion of our first cohort of Diverse Voices scholars and research grantees - which generated positive feedback and valuable insights to inform our future programmes. Public Benefit In preparing this report the trustees confimi that they have had regard to the Charity Commission's guidance on public benefit, as set out in its publication 'Charities and Public Benefit- the Charity Commission's general guidance on public benefit, (January 2008, amended De￿mber 2011) and subsequent postings on the Public Benefit section of its website. The Charities Act 2011 sets out the following. among others. as charitable purposes" a) the advan￿ment of education., b) the advancement of the arts, culture, heritage or scien￿. It also specifies a legal requirement 'Yhat every organisation set up for one or more charitable aims must be able to demonstrate that its aims are for the public benefit if it is to be recognised, and registered, as a charity in England and Wales This is known as the public benefit requirement. 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 identifiable benefit or benefits-, Principle 2.. Benefrt must be to the public, or a section of the public. The Association has provided a benefit to the public by carrying out the activities listed in this report in accordance with its charitable object to promote the development of political studies and to encourage education and the advancement of learning in the art and science of government and in other branches of the political SCIen￿s, During 2023, the PSA has advanced the teaching and study of politics through the values of sustainability, excellence, diversity, and advocacy by focussing on- Member engagement (so we maintain and grow our association) Taking a digital-first approach Supporting research as well as teaching Supporting EDI in our association and across the discipline Being a stronger voice for the discipline amidst orFgoing industrial action, the pandemic aftermath and threats to departments teaching our subject in some institutions. The trustees of the PSA have embarked on a review of the Association's strategy so that a new plan is in place from 2025 onwards. As a learned society, our public benefit derives not simply from membership of the Association but from the wider dissemination by the Association of knowledge about politics and political science through the charity's events, publications. social media and website- as set OLrt below.

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 Activities for the Public Benefit The Political Studies Association engages in a range of activities open to members and non- members alike. As described in more detail in other sections of this report, the Association organises a large number of events and produ￿$ a range of publications that serve to promote the understanding and development of political studies. 1. Publications 1.a. Academic Journals The Association owns four academic, peer-reviewed journals: Political Studies; The British Journal of Politics and Intemational Relations (BJPIR)., PolitlGS', and Political Studies Review. These have been published under contract by Sage Publishing since January 2016. This arrangement provides a guaranteed and substantial source of revenue for the association through to the end of 2025 (as a cu￿ent fiv&year agreement came into force on 1 January 2021). The latest data on these joumals, impact is from 2022 and is listed below. Please note that in order to more accurately reflect the dynamic citation environment of rapid online publication, Clarivate introduced a new calculation for the 2020 Impact Factor which will continue to be phased in up to the 2022 Impact Factor. 2023 Impact Factors will be released in June 2024. Political Studies had an Impact Factor of 3.1 in 2022, an increase on 2.546 from the previous year and the highest yet, ranking it 451187 in the category of Political Science. The 5 Year Impact Factor is 3.1. an increase from the prior year (2.884). Political Studies had 475,719 downloads in 2023, a 70/0 increase from 2022. In July 2023 we saw a new team from University of York (professors Monica Brito Viera, Graeme Davies, Daphne Halikiopoulou and Sarah Shair-Rosenfield) take over editing this joumal. The PSA thanks the outgoing editors from the University of Sheffield and Universidad Torcuato di Tella (Andrew Hindmoor, Matt Sleat, Charles Pattie and Hayley Stevenson) for their dedication and custodianship of this journal for over six years. The British Joumal of Politics and Intemational Relations (BJPI R) had an I mpact Factor of 1.8 in 2022, a slight decrease on 2.035 in the previous year, ranking it 48196 in the category of International Relations and 951187 in Political Science. The 5 Year Impact Factor is 2.3, a decrease on prior year (2.781). BJPIR had 332.831 downloads in 2023, a 7 % increase from 2022. This journal is edited by a team from the University of L￿ds. Politics had an Impact Factor of 1.8 in 2022, an increase on 1.731 in the previous year, ranking it 1111182 in the Political Science category and 48196 in International Relations. The 5 Year Impact Factor is 2.1. an increase on prior year (2.010). Politics had 232,721 downloads in 2023, a 7 % increase from 2022. Thisjournal is edited by a team from Goldsmiths, University of London. Political Studies Review (PSR) had an Impact Factor of 1.9 in 2022, a decrease on 3.248 in the previous year, ranking it 871187 in Political Science. The 5 Year Impact Factor is 2.1, a decrease on prior year (2.569). PSR had 226,048 downloads in 2023, a 14% increase from 2022. This journal is edited by a team from Brunel University, London.

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 The PSA regulady reviews available data on submissions, acceptances and reviewers. Submissions to Political Studies, Bntish Joumal of Politics and Intemational Relations and Politics have risen. We also pay particular attention to diversity data where available, such as gender of submitting authors and reviewers (where provided by the user), and the journals continue to see positive results and improvements in 2023. with female authors who wish to publish in the journals remaining steady and rising for Political Studies and British Joumal of Politics and International Relations. There has also been an increase in non-binary authors submitting, particularly for Political Studies and Political Studies Review in 2023. In addition, there is continued positive uptake from female reviewers agreeing to review across the entire journals suite. 1.b. Political Insight Magazine In addition to its academic journals, the PSA publishes Political Insight- a full colour magazine- style journal of topical articles which aims to reach the wider community by making academic research accessible to practitioners, teachers, students and the general reader. This is provided free of charge as part of PSA membership. The most read article published in 2023 was '2024- A Year of Elections, by Editor Peter Geoghegan. 2. Conferences and events The PSA organises an annual international conference, annual lectures which are open to the public and events for its early car￿r members and Teaching & Learning Ne￿ork. In 2023, the PSA supported 57 specialist groups who also hold a wide range of events each year and the Association also collaborates with the British International Studies Association (BISA) to hold regular meetings with Heads of Department and other leaders. 2.a Annual International Conference 2023 rd 73 Annual International Conference This event was held as a hybrid conference at the University of Liverpool from 3-5 April 2023 (who senied as academic convenors) and delivered in partnership with Liverpool John Moores University, Liverpool Hope University and Edge Hill University. This attracted 632 in person registrations and 167 digital registrations. 2.b. Future PSA Conference Dates: 74° Annual Intemational Conference 2024, convened by Universty of Strathclyde, Glasgow th 75 Annual International Conference 2025, convened by University of Birmingham. 3. Communications. Engagement and Prizes The PSA'S communication strategy focuses on: Membership retention" Increased promotion on all the ways people can get involved in the PSA; and,

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 Achieving higher profile support of the discipline. The Association has an important role to play in helping to inform public debates on key political issues by bringing the attention of the public, the media and policy-makers to the research and evidence being produced by academics working in the field of political studies. It does so by, among other things, media relations. sharing joumal outputs, encouraging members to submit evidence to Select Committees and other inquiries or consultations, and putting forward the names of academic experts to provide such advice and evidence. Increasingly, this is also achieved through worf(ing with partners and through social media activity. The Association has continued to produce other material on key issues drawing on the research of PSA members (especially from our specialist groups) including regular blogs on the website. It also makes available reports and publications from other organisations that are of particular interest to PSA members. In terms of expressing solidarity and supporting the Political Studies discipline, the PSA makes statements or writes open letters in its own right and in partnership with other learned societies. During 2023 this has included writing in support of colleagues facing the risk of redundancy at UEA., a statement in support of those impacted by the earthquake in Turkey and Syria; and a letter to UKRI in support of EDI. 3.a. Communication with Members The Association communicates regularly with all of its members through a number of channels including PSA News (published as a digital newsletter twi￿ a year), a monthly e-newsletter, the PSA website, and social media. 3.b. Digital Communications The Association's X (formerly Twitter) followship has grown from 24.1K at the end of 2022 to 25.4K at the end of 2023 with 1.47M X views. The Association continued its effective use of e- newsletters and other bulletins and has seen consistently high open rates of 40.6 % (compared to 42.25 % in 2022). The PSA website also hosted 51 news posts in 2023 (compared to 50 in 2022), including 16 blogs and statements Con￿rning PSA business or the wider discipline. 3.c. Academic Prizes Each year the Association awards a range of academic prizes relating to OLrtstanding books, PhD dissertations, teaching and car￿r achievements. In 2023, following an extensivejudging process, 14 PSA prizes were awarded and celebrated, as follows" Dr Amanda Hall won the Sir Bernard Crick Prize for outstanding teaching (early career) Dr Rachael Chapman won the Vicky Randall Prize for outstanding teaching (open) University of Leeds Centre for Teaching Innovation & Scholarship won the Jackie Briggs Prize for outstanding teaching by a team Young People's Politics Specialist Group won the Specialist Group of the Year Prize The British Election Survey won the Pippa Norris Prize for Research by a Team 10-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 Dr Meryl Kenny won the Joni Lovenduski Prize for outstanding professional achievement by a mid-career scholar Professor Kimberley Hutchings won the Sir Isaiah Berlin Prize for outstanding professional Contribution to Political Studies (open) Dr Juneso Hwang won the Elizabeth Wiskemann Prize for dissertations of (in)equality and social justice Dr Ceri Fowler and Dr Lottie Hargraves jointly won the McDougall Trust Prize for dissertations on elections, electoral systems and representation Dr Busra Nisa Sarac won the Shirin M. Rai Prize for dissertations in international relations Dr Jose Tomas Labarca won the Walter Bagehot Prize for dissertations on government and public administration Dr George Boss won the Sir Emest Baker Prize for dissertations in Public Theory Dr Sophie Moxon won the Lord Bryce Prize for dissertations on Comparative Politics Professor Michael Saward won the WJM Mackenzie Book Prize for Democratic Design. 3.d. Annual Lecture 2023 This was held online on 2 November 2023. The lecture'Getting under the skin of General Election '24, was given by Professor Sir John Curtice, Professor of Politics at the University of Strathclyde and Senior Research Fellow, National Centre for Social Research and 'The UK in a Changing Europe,. His fellow presenter was Professor Kate Dommett who is Professor of Digital Politics at the University of Sheffield. The event was chaired by Peter Geoghegan, Editor of Political Insight magazine and attracted 353 registrations and some 903 views after the event. Social media engagement on the lecture attracted 38.2k impressions and 458 engagements which helped to raise our profile and reflect the impact of academic research in understanding patterns of voting behaviour. 4. Research, Partnerships and Impact UKRIIResearch England opened a consultation on how the next round of assessments against the Research Excellence Framework will be conducted (in 2029). PSA Vice-President Matthew Flinders has led this work on behalf of the Association- consulting PSA members and submitted a response on behalf of the PSA as well as working with the Academy of Social Sciences on theirs. 4.a. Professional Impact The Association regularly participates in govemment, parliamentary and research council consultations on issues for which it has particular expertise andlor which may have a bearing on its own activities. The PSA was a founding member of the Academy of Social Sciences (ACSS) and remains an active participant in the work of the Academy and in the associated Campaign for Social Science and EDI working group. The PSA is also a key partner with the British Academy as it conducts a Disciplinary Analysis of Political and International Studies including as members of the Advisory Group. This report will be published late in 2024 and will be very helpful eviden￿ to infomi our strategy and EDI work.

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 4.b. Parliamentary Internships For the last five years, the PSA has worked with the Parliamentary Scrutiny Unit to support PSA member PhD students on a four-month placement working with a Select Committee. Applications to the scheme continue to be of a high quality and the feedback from participants, their hosts and their academic supervisors is universally positive. In 2023, one placement was secured with the Political, Administration and Constitutional Affairs Committee, and the winning student will produce an account of their experience once this placement is over. 5. Teaching and Learning 5.a. Teaching & Learning Network The PSA'S Teaching and Learning Network (TLN) developed a five-part blog series being shared between the PSA Teaching and Learning stream and the Forum for Ac￿sS and Continuing Education (FACE) in order to promote dialogue between the more academic-related pedagogy- focused bodies. The TLN ran roundtables at the PSA23 conference and also organised and ran the PSA Teaching and Learning Network Conferen￿, on 13-14 September 2023 at the University of Leeds to address the rapidly evolving landscape of teaching Politics, International Relations, and International Development. The Conferen￿ aimed to explore the challenges and opportunities arising from global and domestic changes throughout six sessions, and featured a keynote speech from current PSA chair, Dr Rose Gann. They have also continued with a successful series of webinars throughout the year. 5.b. Schools The PSA also continued to offer CPD sessions for teachers during 2023 in partnership with the Parliament Education Service "How do theories of representation work in practice? How do trusteeshiplBurkean, mandate. and descriptive models impact on MPS?" presented by, the Rt Hon Valerie Vaz, MP for Walsall South, fo￿er Shadow Leader of the House of Commons, and Professor Oliver Heath of Royal Holloway, University of London. This event saw 169 teachers registered to attend and 100 % of attendees subsequently rated the event as 'very useful, or 'useful' for their teaching practi￿. We continued our successful partnership with the Financial Times (FT) on the Student Blog Competition, for students aged 16 to 19. supported by the UK Parliament Education Team and the Association of Citizenship Teachers (ACT). 38 students submitted excellent blogs on the subject 'How do we need to reform the political system to tackle the UK'S challenges?" Entries were judged by a panel from the PSA. FT and ACT. The winner, and two runners-up were announced at a virtual event. chaired by Andrew Jack, Global Education Editor, FT. 5.c. Undergraduate membership Our student members were able to attend our dedicated Undergraduate Conference in 2023 hosted at Edge Hill University, in partnership with the University of Liverpool and Liverpool John Moores University. The conference, attended by Ashley Dalton MP, was attended by 39 student members and all the students who took part were commended not just for the quality of the work but also their presenting skills. 12-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 6. The Early Career Network The PSA is committed to supporting the next generation of political scholars and scientists through its Early Career Network (ECN), which exists to represent the interests of postgraduate students, postdoctoral researchers, and early car￿r academics. ECN membership, which ended the year comprising 520 individuals. is open to those who have started a doctoral degree up until three years after the completion of a doctoral viva. The ECN committee played an active role at the PSA23 conference offering multiple opportunities for early career academics to network, including hosting a well-supported mentoring session. They also offered a very suc￿Ssful Early Careers Day on the Sunday before the main conference. and ran their own annual conference and symposium which took place in July. They co-organised a session at the PSA Parliament Specialist Group's Annual Conference at the LSE which provided an opportunity for earfy career scholars to present their work on the processes and procedures of parliaments around the world and receive feedback from senior academics. 7. Specialist Groups In 2023, the Association supported 57 specialist groups covering the whole gamut of the discipline's areas of interest. The convenors of each group worked closely with the PSA Team and each other to engage their members and hold innovative online and in-person events, with 47 events promoted through the Association's website during the year. In total, the specialist groups have an active membership of over 12,900. As well as events, the Specialist Groups also provide opportunities to develop and support early career academics (in support of our charitable goals and EDI strategy). work with partners in other disciplines. internationally and outside of academia to ensure their work is as impactful as possible. 8. International Links The PSA has also maintained its close relationship with the American Political Science Association (APSA) in 2023. We participated in the APSA annual meeting in Los Angeles, during Augususeptember 2023 with a PSA-sponsored panel from our American Politics Specialist Group comprising scholars from Southampton, Sheffield, University College London, Portsmouth universities on Misinfomiation and Disinfompation.. a challenge to democracy in the 21st century. We also collaborated on the inaugural international partnership award. The winners were a US and Moldova led project focused on creating a global classroom to compare the workings of the European Court of Human Rights and the US Supreme Court. Professor Umut Korkut handed over PSAJUK representation on the Council of the International Political Science Association (IPSA) to trustee Professor Indrajit Roy during 2023 - who attended the annual meeting in Brazil. However. before his departure Professor Korkut shepherded IPSA'S Gender and Diversity Report. 13-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 The financial management of the Political Studies Association of the United Kingdom is undertaken by the Chief Executive, the Head of Operations and Finan￿, the Finance Manager and the Honorary Treasurer. in liaison with other staff and the senior leadership team. Reports are prepared for meetings of the Senior Leadership Team and the Executive Committee. The CEO has operational responsibility to ensure the strategy agreed by the Executive Committee is carried out. Provision of infonnation to the Independent Examiner Each of the persons who were directors at the time when this report was approved has confirmed that.. so far as that director is aware, there is no relevant audit information of which the charitable company's Independent Examiners are unaware; the director has taken all the steps that ought to have been taken as a director in order to be aware of any information needed by the charitable company's Independent Examiner in connection with preparing its report and to establish that the charitable company's Independent Examiners are aware of that infomiation. Income during 2023 Total income during 2023 was £863,376 compared with £807,314 in 2022. One of the sources of income for the Association is subscriptions paid by members. In 2023, this amounted to £63.363 compared to £70,004 in 2022. Expenditure during 2023 Total expenditure during 2023 was £618,365 compared with £649,610 in 2022. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in notes 14 and 18 to the accounts. Trustees are required to disclose all relevant interests and register them with the Chair of Trustees and in accordance with the PSA'S policy withdraw from decisions where a conflict of interest arises. Reserves Policy The Charity's Resenies Policy and the level of reserves are reviewed each year having regard to the Charity Commission publication CC19. 'Charty Reserves" Building Resilience, (January 2016), and a forecast of income and expenditure is prepared for the following year. The reserves policy since March 2021 is" 'For so long as the Association shall own a property the market value of which is no less than £1.4M, the amount held in bank and any other accounts shall be no less than £600K or 50 % of total planned expenditure for the financial year in question, whichever is the greater., 14-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31 DECEMBER 2023 Due to the cash reserve exceeding our policy at the start of 2023, the trustees agreed to pay off 50 % of the outstanding mortgage to redu￿ the liabilities going forward. The outstanding Mortgage is now £266,721. And while £600K is retained as reserves. £286K of this is earmarked for four designated funds.. Infrastructure fund (£70K) to cover capital and other infrastructure expenditure such as building maintenance, web site development and IT assets Diverse voices fund {£30K) which supports the Association's efforts to further equality. diversity and inclusion in our discipline SAGE Publishing sponsorship of the PSA'S annual Conferen￿ and other association events {£36K) Strategic Developments fund in pursuance of the PSA'S 2025+ strategy (£70k). This also means that £314K of the total free cash resep4es remains unrestricted. These funds will be reviewed fully in 2024 and Executive Committee will continue to monitor the Reserves Policy regularly. Whilst overall reserves are greater than the values set out in the reserves policy even after paying off the mortgage, the trustees (following a review of long-term finances) have agreed to keep the cash reserves at a high level due to the risk of PSA publishing income reducing significantly once the contract ends in 2025. The Trustees will conduct a review of the resenies policy and designated funds after the publishing agreement process ends in 2024125. Financial Assessment Current Position and Plans for the Future: The figures demonstrate that the Association is in a strong financial position with guaranteed income and predictable expenditure in the short to medium term. There is a clear commitment to the diversification of income and an expansion in membership. We also fa￿ the unknown impact of the currently proposed changes in relation to academic publication practices and the growth of open access and our income may reduce from 2025 onwards. The Association will continue to engage pri>actively with these developments and seek to influence the wider landscape in order to protect our core mission and our members, interests. Dr Rose Gann Chair, Political Studies Association Date: 2024 'cheUe Le W Michelle Doyle Wildniai) I r4, 2024 14..41 GMT+ii Michelle Doyle Wildman Chief Executive, Political Studies Association Date: 2024 15-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR TO 31 DECEMBER 2023 Statement of Trustees. Responsibilities The trustees (who are also directors of The Political Studies Association of the United Kingdom for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming reSoUr￿S and application of resources, including the income and expendtture, of the charitable company for that period. In preparing these financial statements, the trustees are required to" select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102)., make judgements and estimates 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 basis unless it is 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 position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. I n so far as the trustees are aware" there is no relevant audit information of which the charitable company's Independent Examiners are unaware" and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the charitable company's Independent Examiners are aware of that information. The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial information included on the charitable company s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Signed on behalf of the trustees.. Professor Stefan Wolff Honorary Treasurer Approved by the trustees on [date] 2024. 04104/2024 16-

Roger Merchant Roger Merchant (Apr 12, 2024 15:50 GMT+1)

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR TO 31 DECEMBER 2023 Unrestricted funds 2023 Unrestricted funds 2022 Note Income and Expenditure Income: Charitable activities Investment income 843,274 20,102 800,477 6,837 Total 863,376 807,314 Expenditure: Charitable activities 618,365 649,610 Total 618,365 649,610 Net incomel{expenditure) and net movements in funds for the year 245,011 157,704 Reconciliation of funds: Total funds brought forward at 1 January 2.398,931 2,241,227 Total funds carried forward at 31 December 2.643,942 2,398,931 All income and expenditure derive from continuing activities. The charity has no recognised gains or losses other than the net movement in funds for the year. All income and expendrture arising in the year ended 31 De￿mber 2023 relates to unrestricted funds. 18-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM BALANCE SHEET FOR THE YEAR TO 31 DECEMBER 2023 2023 2022 Note Fixed Assets Tangible assets 1,642,697 1,669,838 Current assets Debtors Cash at bank 114,629 1,212,545 47,678 1,303,165 Total current assets 1.327,174 1,350,843 Creditors Amounts falling due within one year (76,348) (90,093) Net current assets 1,250,826 1,260,750 Total assets less current liabilities 2.893,523 2,930.588 Creditors: amounts falling due after more than one year 11 (249,581) (531,657) Net assets 2,643,942 2,398,931 Funds Unrestricted Funds 12 2,643,942 2,398,931 Total funds 2,643,942 2,398,931 19-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM BALANCE SHEET FOR THE YEAR TO 31 DECEMBER 2023 For the year ended 31 December 2023, the charitable company was entitled to audit exemption from an audit under section 477 of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordan￿ with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the trustees and Executive Committee on 1 March 2024 and were signed on their behalf by.. Professor Stefan Wolff Honorary Treasurer Company registration number" 03628986 The notes on page 22 to 30 form part of these financial statements -20-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2023 2023 2022 Note Cash flow f rom operating activities 15 184,168 223.259 Net cash flow from operating activities 184,168 223.259 Cash flow from investing activities I nterest received Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets 20,102 (958) 240 6.837 (708) Net cash flow from investing activities 19,384 6.129 Cash flow from financing activities Repayment of borrowing Interest paid (313,005) 18,833 (49,551) 25,074 Net cash flow from financing activities (294,172) (24,477) Net (decrease)l increase in cash and cash equivalents (90,620) 204.911 Cash and cash equivalents at 1 January 1.303,165 1,098,254 Cash and cash equivalents at 31 December 1,212,545 1,303,165 21

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Accounting policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The charity constitutes a public benefrt entty as defined by FRS 102. The financial statements have been prepared under the historical cost convention and in accordan￿ with Accounting and Reporting by Charities" Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019 affecting reporting periods beginning on or after 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Trustees consider that there are no material Un￿rtaIntieS about the Charity's ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the presentation of these financial statements are set out below. Income The principle sources of income are as disclosed in the Statement of Financial Activities. All income is accounted for on a receivable basis. Membership subscriptions re￿iVed in advance are initially accounted for as deferred income and transferred to revenue by equal annual instalments over the period covered by the subscriptions. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Charitable activities include expenditure directly relating to the objects of the charity and those relating to the general running of the charity, induding strategic planning pro￿sseS that contribute to future development. I rrecoverable VAT is charged against the category of expense for which it was incurred. -22-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Tangible fixed assets and depreciation Tangible fixed assets costing rnore than £1.000, including major compLrter software applications, are capitalised and included at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value over their expected useful lives as follows" Long leasehold propety Fixtures and fittings Website development Funds All income is available forthe trustees to use for any purpose in furtherance of the charitable objectives. No restricted funds are ￿ntrallY held. Taxation Political Studies Association of the United Kingdom is considered to pass the tests set OLrt in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Operating leases Rentals applicable to operating leases where substantially all of the benefrts and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight line basis over the period of the lease. Liabilities Liabilities are recognized when there is an obligation at the balan￿ sheet date as a result of a past event, it is probable that a transfer of economic benefrt will be required in settlement, and the amount of the settlement can be estimated can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods of services it must provide. Pensions The charity is a member of a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. Legal Status of the Charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10. -23-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Charitable activities 2023 2022 Membership subscriptions Income from Sage Publications Annual conference gross income Conference exhibition income Support for events and conferences Parliamentary internships Advertising Specialist group income Room hire Donations Sponsorship income Research & Innov Access Fund 63,363 614,825 102,959 4,050 42,522 4,000 775 70,004 593,154 79,911 4,150 37,764 4,000 700 780 795 536 9,464 6,135 3,864 Total - income from charitable activities 843,274 800,477 Investment income 2023 2022 Bank interest re￿iVed 20,102 6,837 Charitable activities 2023 2022 Staff costs National Offi International and external relations Finance and resources I rrecoverable VAT Governance Membership services Conferences and events Awards and prizes Communication and engagement Education and skills Research and impact Publications 269,968 101,253 8,494 8,208 12,376 12,837 983 73,490 2,649 2,039 1,148 24,604 100,317 294,922 88,568 3,085 8,287 13,035 5,742 513 102,490 510 2,150 669 21,224 108,415 Total- expenditure for charitable activities 618,365 649,610 -24-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Charitable activities (continued) All support costs are considered to be charitable activities on the basis that the Association is a membership body. Net income for the year Net income is stated after charging: 2023 2022 Independent examiner's remuneration" Independent examination f￿S 3,950 3,600 Tangible fixed assets Long leasehold buildings Fixtures and fittings Website development Total Cost At 1 January 2023 Additions Disposals 1.454,737 200,897 127,212 958 1,782,846 958 (882) {882) At 31 December 2023 1.454,737 200,015 128,170 1,782,922 Depreciation At 1 January 2023 Charge for the period Eliminated on disposal 20,462 4.547 44,904 10,021 {121) 47,643 12,769 113,008 27,337 (121) At 31 December 2023 25,009 54,804 60,412 140,225 Net book value At 31 December 2023 1,429.728 145,211 67,758 1,642,697 At 31 December 2022 1,434.275 155,994 79,569 1,669,838 -25-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Debtors 2023 2022 Debtors due within one year: Trade debtors Other debtors and prepayments Accrued income 3,600 36,029 75,000 2,000 19,524 26,154 Total- debtors 114,629 47,678 Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals Deferred income (note 10) Bank loan 11,759 25,375 25,777 13,438 1,018 31,887 31,656 25,532 Total- creditors: amounts falling due within one year 76,348 90,093 The loan is a fixed rate loan secured on the property which has a carrying value of £1,429,728 (2022.. £1,434.275). The loan is with The Bank of Scotland and £263,017 rernains outstanding at 31 December 2023 (2022.. £557,189). The loan became repayable during 2018 and will continue to do so until 7 June 2038. The interest rate on the loan is fixed at 4.37% until 6 June 2028. 10 Deferred income 2023 2022 Opening balance Movement in the year Deferred in the year 31,656 {31,656) 25,777 50,979 (50,979) 31,656 Total- deferred income 25,777 31,656 Deferred income relates to income received in advan￿ for membership, conference exhibition fees and the Diverse Voices fund. -26-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 11 Creditors: amount falling due in more than one year 2023 2022 Bank loan (falling due in less than 5 years) Bank loan (falling due after 5 years) 50,518 199,063 113,620 418,037 Total- creditors: amounts falling due more than one year 249,581 531,657 12 Statement of Funds 2023 2022 U nrestricted funds At 1 January 2,398,931 2,241,227 Net income for the year 245,011 157,704 At 31 December 2,643,942 2,398,931 Included within Unrestricted funds were the following designated funds.. Infrastructure fund (£70,000) to cover capital and other infrastructure expenditure such as building maintenance, web site development and IT assets Diverse voices fund (£30,000) which supports the Association's efforts to further equality, diversity and inclusion in our discipline SAGE Publishing sponsorship of the PSA'S annual conference and other association digital and in-person events (£36,000). Strategic Developments fund to support the development and delivery of the PSA'S new strategy and programmes (£70,000) -27-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 13 Staff costs 2023 2022 Wages and salaries Employers Nl Pension Recruitment and training other staff costs 223,529 22,402 21,005 839 2,193 244,734 26,223 23,881 84 Total - staff costs 269,968 294,922 2023 Number 2022 Number The average number of employees during the year was 6 (2022.. 7). Employees with emoluments above £60,000 are as follows" £80,000 - £90,000 Pension contributions are paid to defined contribution pension schemes on behalf of employees. The pension costs charge representing contributions payable by the charity during the year amounted to £21,005 (2022.. £23,881). The key management personnel comprise two employees. The total employee benefits of key management were £157.059 (2022: £135.148). including pension contributions. 14 Trustees. expenditure 2023 2022 10 (2022.. 10) of the charity's trustees were reimbursed for travel expenses incurred in carrying out their duties as follows.. SLT & EC Meetings Travel 218 4,910 129 4,383 Total - trustees, expenditure 5,128 4,512 No remuneration was payable to the charity's trustees during the year (2022: nil). -28-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 15 Reconciliation of net income to net cash flow from operating activities 2023 2022 Net income for the year Depreciation charges I nterest receivable Loss on disposal (Increase) I decrease in debtors Decrease in creditors 245,011 27,379 (20,102) 523 (66,951) (1,651) 157,704 27,283 (6,837) 55,398 (10,289) Net cash flow from operating activities 184,168 223,259 16 Analysis of cash and cash equivalents 2023 2022 Cash in hand Notice deposits (less than 3 months) 63,397 1,149,148 39,360 1,263,805 Net cash flow from operating activities 1,212,545 1,303,165 17 Analysis of changes in net debt At1 January 2023 Cash flows Other non-cash changes At31 December 2023 Cash and cash equivalents 1,303,165 (90,620) 1,212,545 1,303.165 (90,620) 1,212,545 Loans falling due within one year Loans falling due after more than one year (25,532) 25,532 (13,438) (13,438) (531,657) 268,638 13,438 (249,581) Total 745.976 203,553 949,526 -29-

THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 18 Related Party Transactions The payment of trustees. expenses has been disclosed in note 14. 19 Specialist Groups As noted in the Trustees, Report, the Association supports a number of Specialist Groups who operate autonomously. The finances of these groups are not consolidated within these financial statements. Occasionally, for logistical reasons. income or expenditure from these groups passes through the Association's bank account acting as a condurt of funds. These transactions net off and are also not reflected in these financial statements. The Trustees are currently reviewing this treatment and an updated policy will be reflected in 2024. -30-

1.03 PSA Draft Reports Accounts 31.12 Final version

Final Audit Report

2024-04-12

Created: 2024-04-04 By: Eva Kestner ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAADhfMRNScXqqlmTGWJMkoXLzLQ7pthLN1

"1.03 PSA Draft Reports Accounts 31.12 Final version" History

• Document created by Eva Kestner ([e-mail])

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• Document e-signed by Stefan Wolff ([e-mail])

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• Signer Ross Gann ([e-mail]) entered name at signing as Rose Gann 2024-04-10 - 1:04:40 PM GMT

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Agreement completed.

2024-04-12 - 2:50:35 PM GMT