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
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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.

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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.

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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
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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,

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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
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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.

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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.
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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.
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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.,
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THE POLITICAL STUDIES ASSOCIATION OF THE UNITED KINGDOM
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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 (eva.kestner@psa.ac.uk) Status: Signed Transaction ID: CBJCHBCAABAADhfMRNScXqqlmTGWJMkoXLzLQ7pthLN1 

## "1.03 PSA Draft Reports Accounts 31.12 Final version" History 

- Document created by Eva Kestner (eva.kestner@psa.ac.uk) 

2024-04-04 - 2:06:47 PM GMT 

- Document emailed to Stefan Wolff (s.wolff@bham.ac.uk) for signature 

2024-04-04 - 2:07:22 PM GMT 

- Email viewed by Stefan Wolff (s.wolff@bham.ac.uk) 

2024-04-04 - 2:16:57 PM GMT 

- Document e-signed by Stefan Wolff (s.wolff@bham.ac.uk) 

Signature Date: 2024-04-04 - 2:17:57 PM GMT - Time Source: server 

- Document emailed to Ross Gann (rose.gann@ntu.ac.uk) for signature 

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- Email viewed by Ross Gann (rose.gann@ntu.ac.uk) 

2024-04-10 - 1:03:25 PM GMT 

- Signer Ross Gann (rose.gann@ntu.ac.uk) entered name at signing as Rose Gann 2024-04-10 - 1:04:40 PM GMT 

- Document e-signed by Rose Gann (rose.gann@ntu.ac.uk) 

Signature Date: 2024-04-10 - 1:04:42 PM GMT - Time Source: server 

- Document emailed to Roger Merchant (r.merchant@uhy-uk.com) for signature 2024-04-10 - 1:04:45 PM GMT 

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- 2024-04-12 - 2:49:47 PM GMT 



Document e-signed by Roger Merchant (r.merchant@uhy-uk.com) Signature Date: 2024-04-12 - 2:50:35 PM GMT - Time Source: server 

Agreement completed. 

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

