Company Registration Number: 04639157
Charity Number 1105477
THE EUROPAEUM
(A company limited by guarantee)
FINANCIAL STATEMENTS
Year ended 31 December 2024

THE EUROPAEUM
FINANCIAL STATEMEiYrs
YEAR ENDED 31 December 2024
Contents
Pages
Members of the Board and professional advisers
Trustees, Annual Report
Statement of Trustees responsibilities
Independent examinerfs report
Statement of Financial Activtties (incorporating the
income and expendilure account)
Balance sheet
Notes to the financial statements
10-13

THE EUROPAEUM
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity Dame
The Europaeum
Charity number
1105477
Company registration number
04639157
Registered o￿let
Belsyre Court
57 Woodstock Road
Oxford
OX2 6HJ
Office address
Annex 3
70 Woodstock Road
Oxford
OX2 6HR
Trustees and Dire¢tor$
Andrienne d'Arenberg
Professor José Manuel Barroso
Professor Isabel Capeloa Gil
Dr Andrew Graham
Baron (William) Hague of Richmond
Baroness (Margaret) Jay of Paddington
Professor Maximilian Kiener
Professor Brigid Laffan
Pascal Lamy
Professor Dame Sally Mapstone
Professor Marie-Laure Salles
Herman Van Rompuy
Professor Wim van d¢n Doel
PersoDS of Signifjegnl Control
Anthony Teasdale
(Executive Director of the Europaeum)
Independent examiners
Burdett King Accountancy Limited
Chartered Certified Accountant
8 The Hamiltons
Newmarket
CB8 ONF
Bankers
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Transferwise
Europe SA
Avenue Marnix 13-17
1000 Brussels
Belgium

THE EUROPAEUM
TRUSTEES AN]YUAL REPORT
YEAR ENDED 31 December 2024
The Trustees, who are also directors for the purposes of company law, present their report and the financial
statements of the charity for the year ended December 2024.
Reference and gdministrative details
Reference and administrative details are shown in the schedule of members of th¢ board and professional
advisers on page l of the fiT]ancial statements.
The Trustees
The Trustees who served the charity during the period in question (January to December 2024) were as follows:
Baron (Christopher) Patten of Barnes (Chair until November 2024)
Dr Andrew Graham (Chair from December 2024)
Professor José Manuel Barroso
Professor Isabel Capeloa Gil
Andrienne d'ArenbeTg
Baroness (Margaret) Jay of Paddington
Pascal Lamy
Professor Dame Sally Mapstone
Laura Nordstrom
Professor Marie-Laure Salles
Professor Wim van den Doel
Professor Maximilian Kiener- appointed 31 December 2024
Person of Significant Control..
Dr Hartmut Mayer- resigned 15 July 2024
Anthony Teasdale - appointed from 16 July 2024
(Executive Directors of Ihe Europaeum)
Structure? governance and management
The charitsble company is in¢orporat¢d as a company limited by guarantee having no share capital and, in
accordance with the Memorandum and Articles of Associalion, every member is liable to contribute a sum of £ I
irs the event of the company being wound up.
The Trustees are appointed either in their capacities as Rectors of the member universities or as co-opted
members. The board keeps the skill requirements for the Trustee body under review. The Trustees meet during
the year to agree and review broad strategy. to monitor past activities. to agree areas of actlvlty for the
organisation, includiT]g risk management policie5 and perforniance, and to seek additional funding, as necessary.
In addition. the Chair of the T￿Stee5 is in frequent contact with the Executive Director, and members are also
consulted regularly to review major operational policy changes and to support the Executive Director in any
significant administrative work or changes in the work of the association.
The Executive Director is present at all board meetings, while the nominated Rectors (or representatives) are ex
officio members of the Europaeum Academic Council, which oversees academic policy matters for the
association.
The following m¢¢tings of Europaeum governing bodies took place in 2024:
Tbe Trustees met on 15 March in Oxford and online, 5 June in London and online, and 18 November in
London and online.

THE EUROPAEUM
TRUSTEES ANNUAL REPORT (conlinue
YEAR ENDED 31 Deeember 2024
The Academi¢ Council, comprising representatives of all member universities, met on 13 May in St Andrews
and online. and on 25 October in Vienna and online. Professor Wim van den Do¢1 (Leiden), Trustee, served as
Acting Chair of the Academic Council.
The Executive Committee, comprised of a rotating group of representatives of six member universities, tnet
on 7 Marth, 30 April, 10 July and 10 October, all online. The Executive Committ¢¢ is chaÉred by the Executive
Director.
The Europaeum has a small central secretariat. based at St Antony's College in the University of Oxford. The
secretariat cuffently comprises an Executive Director, a Chief Administrator, two part-time Programme
Directors, and three part-time Administrators for Programmes and outreach, alumni relations, and fmancial
management.
Risk management
The charity's Trust¢¢s have considered the major risks lo which the charity is exposed and have reviewed those
risks and established systems and procedures to manag¢ those risks.
Objectives and Aetivities
The company is a registered charity established for the advancement of education through the encouragement of
European studies in universities. The Europaeum was founded in 1992 as an association of Europ¢an
universities. Its mission is to give the most talented, most energetic and most socially committed sludents within
the Europaeum network the opportunity to develop professional qualities to shape the future of Europe for the
better. In this context, it is empowered to..
promote excellence between the Europaeum partners, through academic collaboration in research and
aching;
act &s an open academic network linking the Europaeum parthers and other bodies in the pursuit of
serve a5 a resource for the general support and promotion of European studies.
function indep¢ndently in th¢ search for new ideas.
provide opportunities for the joint undertaking of new, pan-European. initiatives.
provide a'pool of talent, to carry out ￿searCh and inquiry into problems and questions confronting
Europe today and tomorrow. and
train and educate 'future leaders, for a new Europe.
Membership in 2024
The Europaeum was originally founded by three universities - Bologn￿ Leiden and Oxford - in 1992. During the
course of 2024, the following universities were members of the Europaeum.. Barcelona (Pompeu Fabra), Berlin
(Freie Universitat), Bologn4 Copenhagen, Geneva (Graduate Instttute of International and Development
Studies}, Helsinki. Krakow (Jagiellonian), Leiden, (KU) Leuven, Lisbon (Catholic University of Portugal),
Luxembourg, Madrid (Compluten5e), Mullich (Ludwig-maximilians-universitat), Oxford, Prague (Karlova I
Charles}, St Andrews in Scotland, Tarty and the Central European University in Vienna and Budapest.
Activities in 2024
During the course of 2024, the Europaeum organised a wide variety of largely in-person seminars. training
sessions and policy events for postgrdduate students from its member universities, with a primary (but not
exclusive) focus on study of the humanities and social sciences. The main themes of its work were- (i) European
history and culture, (li) European policy-making, and (iii) Ibi eral democracy and citizen engagement.
The two principal vehicles for the delivery of such Europaeum's activities were (and retnain) its twin Scholars,
Programme and Core Programm¢, which together aim to help equip postgraduate students for both academic
and non-academic careers, in a way that supplements what the individual member universities might otherwise
b¢ ablc to proYid¢.

THE EUROPAEUM
TRUSTEES AN]YUAL REPORT (conlinued)
YEAR ENDED 31 D¢cember 2024
In 2024, the Scholars, Programme was in the first year of its fourth two-year cycle, giving 30 of Europe's
ablest doctoral students, drawn froTn Europaeum member universities, the opportunity to develop new cross-
cutting skills, both intellectual and practical - with a strong emphasis on leadership - and to work in small. multi-
disciplinary teams with a view to evolving proposals together for European policy initiatives.
In 2024, there were four. week-long modules wtthin the Scholars. Programme, largely hosted at member
universities. which covered.. (i) the launch of the two-year programme and initial policy work (on 10-14 March
in Oxford). the operation of the EU institutions and policy process (on 24-27 June in Bruss¢ls)' Democracy in
Europe (on 26-29 August in Budapest). and skills training and policy project work (on 9-12 December in
Krakow).
In parallel, the Europaeum's Core Programme provided in-person opportunities for postgraduate students
(often but not exclusively M￿ter'S students) from the member universities to explore issues at the intersection of
scholarship and polTrcy-making. Around eight to ten Core Programme events are organised each year, rotating
among member universities. 'fh¢se include spring, summer and winier schools. as well as an annual Brussels
policy seminar each autumn designed to help students explore the EU political system in depth.
In 2024. the Europaeum's Core Programme comprised the following events. largely hosted in member
universities around Europe:
Europaeum Winter School on 'Survivance and Survival,, from 29 January to 2 February in Tartu.
Europaeum Spring School on 'Making sense of TuTbulent Times,, from 17 to 20 April in Oxford;
Europaeum Medieval-modern Forum on 'Flourishing, Then and Now,, from 24 to 26 June in Helsinki.
Europaeum Summer School on 'Marginalised Histories,, on 27 to 31 August in St Andrews.
Europ2eum Brussels policy semlnar on 'The Impact of Elections, 2024, from 25 to 27 September in
Bruss¢ls'
Europaeum Classics Colloquium on 'Critical Thinking in the Classics, from 16 to 18 December in Berlin.
Europaeum parttcipation in the Catholic University of Portugal's winter workshop on 'Media and
Ambivalence, from 9 to 12 January in Lisbon.
The 'Europaeum Debate, on 'DemocrdCy'S Third Wave, at the Catholic University of Portugal's Political
Forum, from 3 to 5 June in Estoril" and
The Researeh Seminar Series for the Europaeum MA In European History Ind Civilisation, which ran
from 22 April - 3 June in Oxford.

THE EUROPAEUM
TRUSTEES ANNUAL REPORT (ujnlillued)
YEAR ENDED 31 December 2024
Financial review
The surylusl(deficit) for the year of £49,788 (2023 - £66,715) as shown in the reserves at the year end, has again
been contributed to by benefaGtor5.
The Trustees are satisfied that the charity has adequat¢ resources to continue in opcrdtional existence for th¢
forcseeable futtLre.
Reserves policy
The Trustees aim to maintain free reserves in unrestricted funds at a l¢v¢l that provides sU￿1¢ient funds to cover
management and administration and support costs and that will allow the charity to respond to any emergency
funding requirements which may arise from time to time.
Colltingencies poliey
The Trustees have access to pledges which allow them to f¢¢1 confident they can meet the charity's creditors and
obligations. and if necessary respond to any emergency funding requirements which may arise from time to time.
The reserves of the charity are utilised going fonvard for the daily requirements and commitments of the charity.
Small company provlsions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Signed by order of the Trnstees
. 30 May 2025
Dr Andrew Graham
Chair of the Board of Trustees

THE EUROPAEUM
STATEMENf OF TRUSTEES, RESPOIYSIBILITIES
YEAR ENDED 31 Deeember 2024
The Trustees are responsible for preparing the annual report and the fmancial statements, in accordance with
applicable law and regulations.
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each
fmancial period. Under that law, the Trustees have elected to Prepare the financial statements in accordance with
United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and
applicable law). The fmancial statements are required by law to give a trne and fair view of the state of affairs of
the Charity and of the surplus or defjcit of the charity for that period.
In preparing those financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless It is inappropriate to presume that th¢
charity will continue its activities.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensur¢ that the financial slatement5 comply
with the Charlties Act 201 l and the Charities {Accounts and Reports} Regulations 2008. The Trustees are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the Preventton
and detection of fraud and other irregularities.
As directors, the Trustees acknowledge their responstbilities for..
(i) ensuring that the company keeps proper accounting records which comply with the Companies Act 2006,,
{ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the
financial period and of its profit or loss for the financial period in accordance with the requirements of the
Companies Act 2006. and which otherwise comply with the requirements of thi5 Acl relating to accounts, so for
&s applicable to the company.

THE EUROPAEUM
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EUROPAEUM
YEAR EIYDED 31 Deeember 2024
Respective responsibilities of the Trustees and examiner
The charity's Trustees consider that an audit is not required for this period under section 144 of the Charities Act
201 l and that an independent examination is needed.
It is my responsibility to:
examtne the accounts under section 145 of the 201 l Act,
to follow the procedures laid down in the General Directions given by the Charity Commission under
section 145(5Mb) of the 201 l- and
to state whether particular matters hav¢ come to my attention.
Basis ofindependent examiner's statement
My examination w&s carried out in accordance with General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would b¢ required in an audiL and consequently I do not express an audit opinion
on the accounts.
Independent examlner's statement
In the course of my examination, no matter has come to my attention
which gives me reasonable cause to believe that in, any material respect. the Trustees have not met the
requirements to ensure that:
proper accounting records ar¢ kept in accordance with s.386 of the Companies Act 2006. and
accounts are prepared which agree with the accounting records and comply with the a¢countin8
requirement5 of the s.396 of the Companies Act 2006 and with the methods and principles of the
Statement of Recommended Practice.. Accounting and Reporting; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
Lisa King of Burdett Ki
Accountancy Limited
Chartered Certified Accountant
8 The Hamilton5
Newmarket
CB8 ONF
28 May 2025

THE EUROPAEUM
STATEMENT OF FINANCIAL AcTI￿TIEs {tNCORPORATING THE
INCOME AIYD EXPENDITURE ACCOUIYT)
YEAR ENDED 31 December 2024
Total Funds to Total Funds to
31 Deeember 31 December
2024
2023
Note
Incoming resoure¢s
Incoming resources from generating funds:
Voluntary income
Bank interest receivable
667,675
285
739,755
415
Total incoming resources
Resources expended
Charitable a¢tivAties- teaching, research and academic collaborntion
Governance costs
667,960
740,170
(606,882)
(11,290)
(618,172)
(668,572)
(4.883)
Total resourc¢s expended
Net incoming l (outgoing) resources for the year
(673,455)
66,715
49,788
Total funds brought forward
Totsl funds earried forw8rd
415,861
349,146
465,649
415,861
The Statement of Financial Activities includes all gains and losses in the period and therefor¢
a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.

THE EUROPAEUM
BALANCE SHEET
31 December 2024
Year to 31 December 2024 Year to 31 December 2023
Note
Fixed assets
Tangible assets
3,099
3,421
Current assets
Debtors
Cash at bank and in hand
io
21,035
448,966
37,916
409,277
470,1)01
447,193
Creditors: Amounts falling due Ivithin
one year
(7,451)
(34,753)
Net current assets
462,550
412.440
Total assets less eurrent liabilities
465,649
415.861
Net 8ssets
465.649
415,861
Funds
12
465,649
415,861
Totsl funds
465.649
415,861
For the year ending 31 December 2024, the company was entitled to exemption from audit under section 477 of
the Companies Act 2006.
The members have not required the company to obtain an audit of its accounts for the period in question in
accordance with section 476 of the Companies Act 2006.
The Trustees as directors acknowledge their responsibilities for complying with the requtrements of the Act with
respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to small companies
subject to the small companies regime and in accordance with FRS 102 SOKP.
These fmancial statements were approved by the members of the committee on 30 May 2025 and are signed on
their behalf by..
Dr Andrew Graham
Chair of the Board of T￿sleeS.
The notes on pages 10 to 13 forni part of these finaneial statement

THE EUROPAEUM
IYOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 December 2024
Accounting policies
Basis of aceounting
These accounts have been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant notes to the accounts. The accounts have been
prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and with the Charities Act 2011.
Cash flow slatement
The Trustees have taken advantage of the exemption in Financial Reporting Standard No l (revised) from
including a cash flow statement An the financial statements on the grounds that the charity is small.
Fixed assets and depreci8tion
All fixed assets are initially recorded at cost. Depreciation is calculated on a straight line basis so as to
write off the cost of an asset, less its estimated residual value, over the useful economic life of that agset as
follows..
Computer Equipment
150/0 per annum
Incoming resources
Income from donations, grants, seminars, teaching and other sources As recognised in the period in which
the charity is entitled to receipt and the amount can be measured with reasonable certainty.
Resources expended
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive
obligation to pay for expenditure. Expenditure has been classified under headings that aggregate all costs
relating to the Category. Irrecoverable VA T is either charged to the appropriate expenditure heading or it is
capitalised as appropriate. Costs of charitable activities relate lo the work carrted out on the core purposes
of teaching, research and academic collaboration. Governance costs are those costs incurred in connection
with administration in the charity, compliance with constitutional and statutory requir¢ments and costs of
the strategic planning process. Support costs are allocated across specific categories of expenditure mainly
on the basis of time speT]t. Gains and losses on foreign currency transactions are included within the related
expenditure heading. Gains and losses relating to the re-translation of foreign currency assets and liabilities
are included in governance costs along with interest payable.
Fund accounting
Funds held by the charity are either:
Unrestricted generalfvnds -these are funds which can be used in accordance with the charity's
objects at the discretion of th¢ Trust¢¢s.
Designa¢edfunds - these are funds set &side by the Trustees for specific future pU￿oseS or
projects.
10

THE EUROPAEUM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 December 2024
Volutttary income
Year to
Year to
31 December 31 December
2024
2023
Subscriptions
Benefactions
Seminar. teaching, grants and donations
Transition and new strategy ￿Thd8
346,692
334,294
320.983
405,461
667,675
739.755
Investment income
Year to
Year to
31 December 31 December
2024
2023
Interest on cash deposits
285
415
285
415
ChAritsble aetlvltles (Incl. support Costs)
Yev4r to
Year to
31 December 31 December
2024
2023
Teaching, research and academic collaboration direct costs
Staff costs
Office and other support costs
Bank r¢valuations - loss (gain)
360,996
177,939
52,398
15,549
438,865
178,021
45,726
5,960
606,882
668,572
Support costs
Charitable
Year to
Year to
activities Governance 31 Decem ber 31 December
costs
2024
2023
Staff costs
Office and other support costs
177,939
79,955
J77,939
91,245
178,021
56,569
IJ2
257,894
11290
269,184
234,590
Governance costs
Year to
Year to
31 December 31 December
2024
2023
Staff costs
Office and other support costs
Independent examiner's review
10,365
925
3,983
900
11,290
4,883
11

THE EUROPAEUM
NOTES TO THE FINANCIAL STATEMENTS
YEAR EM)ED 31 December 2024
Net outgoing resources for the period
This is stated after charging:
Year to
31 December
2024
Yearto31
D¢cember
2023
Depreciation
Loss on disposal
861
789
861
789
Staff eosts and emoluments
Totsl staff costs were as follows:
Year to
31 Deeem ber
2024
Yearto31
December
2023
Wages, salaries, pension and social security costs
177,939
178,021
Partleulars of employees:
The average number of employees during the year to 31 December 2024, calculated on the basis of full-
time equivalents is 4 (2023 - 5).
During the year TTUSte¢s expenses of £nil were incurred and paid. No trustee recexved rernuneration.
Tangible fixed assets
Equipment
Cost
At l January 2024
Additions
Disposals
At 31 December 2024
5,495
539
6,034
Depreciatio
At l January 2024
Charge for the period
D¢pr¢ciation on disposal
At 31 December 2024
2,074
861
2,935
Net book value
At 31 December 2024
3,099
At 31 December 2023
3,421
12

THE EUROPAEUM
NOTES TO THE FINANCIAL STATE1v￿NTs
YEAR ENDED 31 December 2024
10. Debtors: Amounts falling due Ivithin one year
Year to
31 December
2024
Yearto31
December
2023
Accrued income
Debtors
Prepayments
10,101
21.035
27,815
21.035
37.916
11. Creditors: Amounts falling due within one year
Year to
31 Deeem ber
2024
Yearto 31
December
2023
Deferred income
Accruals
Creditors
17,316
900
16,517
925
6,526
7,451
900
12. Funds
Balance 8t
January
2024
Net incoming
(outgoing) Transfer in the
resources
period
Balance at
31 Deeember
2024
Europaeum Scholars Programme
General Funds
101,638
314,223
89,060
(39272)
49,788
190,698
274,951
415,861
465,649
The funds were designated as support for the Europaeum Scholars Programme.
Designated funds are held as cash at bank. All other assets and liabilities relate to general fimds.
The total reserves of the charity as shown above are utilised going forward for the daily requirement and
commitments of the charity.
13. Commitments
Annual commitments under operating leases:
Land and buildings
Year to 31
December
2024
Yearto31
December
2023
Leases expiring in less than l year
Leases expiring in 1- 2 years
27.01)0
27,000
13