Registered Charity Number: 1111861 Company registration number- 05174289 Millennium Publishing House Company Limited by Guarantee Financial Statements 30 November 2023
Millennium Publishing House Company Limitgd by Guaranteg Financial Statements from 1 December 2022 until 30 November 2023 Pago Charity Information Trustees, annual report lincorporaling the directors, report} Independent Examiner's Report to the Trustees of Millennium Publishing House Slalemenl of Financial Activities (including income and expenditure account} Slalemenl of financial position Notes to the financial statements
Millennium Publishing House Company Limited by Guarantee Charity Infomiation The trustees, who are also the ltorS lor the purposes ol company law, present their report and fi'nanrial statements of the charty for the year ended 30 November 2023. Ref8r8ne8 and administrative d8tail$ Registered charity name milnn1urN Publishing Hou58 Charity registration number 1111861 Company registration number 05174289 Principal and Registered offi¢e Centre Building, Houghton Street. London. England, WC2A 2AE Trustoes The trustees in Offi on the date the report was approved were.. MJ Hoffman Prol. CJ Brown Dr. Y Yao A Zachariades Dr K Da18coura18ppointed 1 December 20221 EL Sorensen (appointed 1 DeMter 20221 P Ore113na Matute18ppointed 15 November 20231 SEO Wooheyok lappointed 15 Novemb8r 20231 P Zerla lappointed 15 November 20231 The twstees in Offi in the period were.. S Bhattacharya lappointed 30 November 2022 and resigned 15 November 20231 A Cullell-cano (appointed 1 December 2022- resigned 30 Decemb8r 20221 J Basu-mellish ISIgned 1 December 20221 O N8nt8rmoz-Gonin Ir8signed 1 D8cemb8r 20221 KE Smith Iresigned 1 December 20221 Secretsry an(1 buslness manager The secretary and business manager in office on the date the report was approved was.. C Bowman The SeCetarieS and business managers in office during the period were.. C Bowman Bankers Barclays, 366 Strand. West End. London WC2R OJF Solicitors Russell-cooke Solicitors, 2 Putney Hill. London. SW15 6AB
Millennium Publishing House Company Limited by Guarantee Trustees, Annual Report (incorporating the Directors, Report) from 1 December 2022 until 30 November 2023 Objectives and activities The objects for which the Charily is established are.. 1. To promote all or any of the following purposes in such ways as the Trustees sh811 from time to time determine and in particular by.. - a) the preparation and publication of a not for profit learned journal., and b) the promotion, organisation and sponsorship of Conferen$, lectures and other academic events in the field of intemational studies., c) the advancement of education and scholarship in international sludies., d) the promotion of original research in the field of international studies by graduate students, young academics and established scholars and the publication of the useful results of such research. 2. The promotion of such other purposes being exclusively charitable according to the law of England and Wales as the trustees may from time to time determine. The main activitie5 undertaken in relation to the charity's objectives in the year The charity compiles and publishes an academic journal called Millennium.. Journal of International Studies. In the period, the charity published Volume 51 (Issues 2 and 31 and volume 52 {issue 1) of the Journal. The charity also organised and hosted the annual Millennium Symposium entitled.. Remapping the Critical.. Imagining Anti-Hierarchical Futures for Intemational Studi8s. The charity also held a weekly editorial board meeting during term time for Msc and PhD students at the LSE and wider University of London institution. The main activities undertaken during the year to furtherthe charity's purpose for the public benefit The trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance of the Charity Commission in determining the activities undertaken by the charity. Merllbers of the public benefit from Ihe activities of the charity because of the ability to engage with critical and boundary pushing articles from the International Relations discipline. The public is able to engage with these articles through submissions to the Journal, open access to the Journal's content online and attendance at the annual Millennium conferen. The difference the ¢harity's performance has made to the beneficiaries of the ¢harlty and the degree to which the achievements during the period have benefited wider society The beneficiaries of the charity are authors whose work the charity publishes in Millennium-. Journal of International Studies and the Journal's readers. Millennium.. Journal of International Studies aims to publish critical, theoretlC21, and bound2ry-pushing articles from the discipline of International Relations IIRI, as well as original thinking from elsewhere in the social sciences with a global dimension. Millennium welcomes challenging and innovative contributions that articulate alternative theoretical perspectives and that explore subject areas with which IR has had little or no serious engagement. Authors have benefitted from having their challenging and innovating work published in a major International Relations journal, which has contributed to the discipline's intellectual pluralism and diversity.
Millennium Publishing House Cornpany Limit8d by Guarant•• Trustees. Annual Report lincorporating the Directors. Reportli¢ontinii$dl from 1 December 2022 until 30 November 2023 Achievements and perfomiance The period November 2022 to November 2023 comprised the full tenure of the Millennium Volume 52 Teatn and the p8rti81 tenure of the Millenniurn Volurne 53 Tearn (Novembei 2023 onwards). The Millennium Volume 52 Editorial Team comprised Albert Cullell-cano, Eva Leth Sorensen, Shreya Bhallacharya. The Journal attended the International Studies Assoaation event in Montreal, Canada and European International Studies Association event in Postdarn, Geirnany,. connecting with its long-time contributors lo the journal and hosting a stall to encourage further contributions in collaboration with the journal's publisher, SAGE Publications. The Volume 52 Team had the following aohievernents.. Volume 52 organised the annual Millennium Symposium. The Millenniurn Symposium was held between 19- 20 October 2023. The Symposium was delivered entirely in person, with a focus on a smaller number of polished contributions delivered over a more intensely collaborative set of sessions. These contributions will be compiled into Vol 52 Ilssue 21 of the joumal. The editors hosted the weekly ediloiial board rneeting of rn851eis and PhD 51udenls during the academic year. The editorial board was held hybridly, both in person and online. The editors increased participation in the editorial board from the wider University of London. More information on the ongoing activities of the charity can be found on the website http".Iltnillenniurnjoutnal.org Structure, govemance and management Methods used to recruit and appoint new charity trustees The Board of Trustees consists of at least four Appointed Trustees being.. al Two Editor Trustees Ibeing incumbent Editors) nominated by the Editorial Board each of whorn hold Offi foi a period of one year frorn the dale of 8ppointmenl'. bl One Associate Editor Trustee (being an Associate Editor) nominated by the Editorial Board who holds office for a period of one year from the date of appointment., cl One other Trustee (who must be a full-time member of the teaching staff of the Departrnent of Intemational Relations of the London School of Econornics and Poliliral Science) norninated by the Editorial Board, holds office for a period of one year from the date of appointment and is eligible for re-appointment for further periods Iwthtsut Up to three additional Trustees may be appointed by the Board at any time either at a Board meeting or by way of a written resolution of the Board and eaoh shall serve for a period of three years unless he or she ceases to be a Trustees in accordance with the charitys Articles of Association. Such tIU5tees are eligible for further re-appointment by the Board and there is no lirnit on the number of times they can be re-appointed. Policies and procedures for the induction and training of trustees Trustees are provided wth the trustees guide supplied by the Charity Commission and advis8d to follow the guidance lor trustees on the Charity ComTnission websit8.
Millennium Publishing House Company Limited by Guarantee Trustees. Annual Report {incorporating the Directors. Report)(¢ontln1 from 1 December 2022 until 30 November 2023 Risk management policy The Iruslees have a duly lo identify and regularly review the major risks to which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. A risk assessment is carried out annually. The trustees are satisfied that the controls in place are sufficient lo meet ils requirements at the present time. Financial Review The Iruslees consider the financial performance of the charity during the year lo have been satisfactory and are keen to ensure that the long-tem financial security of the Charity and ils beneficiaries are maintained. The principal funding source of the charity is royalties from the sale of the Millennium Journal. The financial position of the charity at 30 November 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as.. 2023 2022 Net Ideficitlincome and net movement in funds 127,3901 {34,2801 Unreslricled funds available for the use of the charity 151,784 179,174 Investment policy The charity holds ils surplus cash with Barclays Bank Plc. Reserves policy The Iruslees have examined the requirement for free reserves and they have affirmed that, having regard to the nature of the activities of the charity, the level of free reserves should be approximately £140,000 which is broadly equivalent lo 12 months ordinary expenditure.
Millennium Publishing House Company Limited by Guarantee Trustees. Annual Report {incorporating the Directors. Report)(¢ontln1 from 1 December 2022 until 30 November 2023 The charity's organisation structure The Board of Trustees meets regularly to discuss ongoing matters from the publication of the journal and the organisation of the annual conference. The business managerlcompany secretary has no editorial function and is responsible for management support. The following matters require board approval.. The annual budget Reserves policy Investment policy Risk assessment Annual financial slalements statement of Trustees. Responsibilities Charity Law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity as at the end of the financial year and of the surplus or defi'cit of the charity. In preparing those financial statements the Iruslees are required lo'.- select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent", and prepare the financial stslements on the going concern basis unless it is inappropriate to presume that the charity will continue in business., observe the methods and principles in the applicable Charities SORP. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them lo ensure that the financial statements comply with regulations made under the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies, exempts'on. The Iruslees, annual report was approved on 28 March 2024 and signed on behalf of the board of trustees by". IVI Frol. C.J Eiown IYprB, 2024. 11.'02aml Trustee 2024. 10.'56atnl Trustee
Millennium Publishing House Company Limited by Guarantee from 1 December 2022 until 30 November 2023 Independent Examinerfs Report to the Trustees of Millennium Publishing House I report lo the Iruslees on my examination of the financial statements of the Millennium Publishing House I'the charity'l for the year ended 30 November 2023. Responsibilities and basis of report As the charity's trustees land also its directors for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having salistied myselt that the accounts ot the company are not requirecl lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinetrs ststement I have Completed my examination. l Confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 11 aecounting records were not kept in respect of the charity as reqUId by section 386 of the 2006 Act., or 2} the financial statements do not accord with the accounting records", or 3} the financial statements do not comply with the accounting requirements of sects'on 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination., or 4} the financial statements have not been prepared in accordan with the methods and principles of the Statement of ReconirrieidLo -tits for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. TA Mair BA Chartered Accountant Independent Examiner 12 CoppedHall Drive Camberley GU15 1NP 28 March 2024
Millennium Publishing House Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) from 1 December 2022 until 30 November 2023 Unrestrlcted Total Funds Funds Total Fun(Is Notès 2023 2023 2022 Income and endowments Charitable activities 88,754 88,754 79,800 Total income 88.754 88,754 79.800 Expenditure Expenditure on charitable activities 116,144 116,144 114,080 116,144 116,144 114,080 Net lexpendlturelllncome and net movement In funds 127,3901 {27,3901 134.280} Reconciliation of funds Total funds brought fonNard Current period Ideficilllsurplus Total Funds carrled forward 179,174 179,174 213,454 27,390 27,390 34.280 151,784 151,784 179.174 The statement of financial activities includes all gains and losses recognised in the year. All activities derive from continuing operations. The notes on pages 9 10 11 form part of these financial statements
Millennium Publishing House Company Limited by Guarantee Statement of Financial Position 30 November 2023 Notes 2023 2023 2022 2022 CUrnt assets Debtors Cash al bank and in hand 25.922 127.162 153,084 235 181.325 181,560 Creditors- amounts falling due within one year 1.300 2,386 Not current a$$èts 151,784 179,174 Not assgt$ 1S1,784 179,174 Funds of the Charity Unrestricted funds 151,784 179,174 Total charity funds 151,784 179,174 The directors are satisfied that the company is entided to exemption from the requirement lo obtsin an audit undei section 477 of the Ctsmpanies Act 2006. The members have not required the Company lo obtain an audit in a¢¢ordance with section 476 of the Act. The directors acknowledge their responsibilities for Complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of aunIs. The accounts have been prepad in a¢¢ordan¢e with the special provisions applicable lo companies subject lo the small companies regime. Approved by the board of trustees on 28 March 2024 and signed on its behalf.. TtIF4t&d arown (Apr 8. 2024, 11."02arnl man Trustee The notes on pages 9 10 11 fomi part of these financial statements
Millennium Publishing Housg Company Llmlted by Guarantee Notes to the Accounts from 1 December 2022 until 30 November 2023 1 General infomiation The Charity is a public benefit entity and 8 private company limited by guarantee in England and Wales and is und8r th8 CQntiol of its legal rnemb8rs. It 15 s register8d charity in England and Wa18S. 2 Ststement of compliance The financial statetnents have been prepared In aecordants with FRS 102 Section la small entth"es, and all other applicable accounting standards, as modified by the Statement of Recommended Practi for Accounb"ng and Reporting Issued by the Charity Commissioners for Englsnd & Wale5. The charity has taken advantage ol the exemption in the FRS 102 Section la from the qUirement to produce 8 cash flow ststem8nL 3 Accountlng pollcles Ba$18 of preparation The fi'nancial statements are prepared on a going conrn basis. under the historical cost convention and in Sterfing which is th8 functional cutr8ncy of th8 entity. Going concern The ale no material UnrtaIntieS about the charity s ability to conts"nue. Judgements and key $our¢e$ of estimation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimate5 and Judgements are continually reviewed and are based on experien and other factors including expectations of future events that are believed to be ieasonable under the circurn5tsnS. Accounting estimates and sssumptions a made conMIng the future and, by their nature, wll rarely equal the related actu81 outcome. The key assumptions 8nd other SoUr(S of estimation uncert8inty th8t have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the nexi financial year have been considered by the trustees. Fund accounting unStricted funds are available for use at the discretion ol the trustees to further the charitls purposes. Designated funds are unrestricted funds eami8rked by the trustees for p8rticul8r futu project or comtnitment. Restricted funds ar8 subjected to r8strictions on th8ir 8xpenditur8 d8clar8d by the donor 01 through the t8rrn5 ol an appeal and fall into one ol two sub-classes,. restricted income funds or endowment funds. Incomlng Resources All incoming resour$ are Included In the statement of financial activits.es when entitlement has passed to the Charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably me35ured. Resources Expended Expenditure is COgnised on an accruals basis at the time when an obligation to make a payment is incurred. R&sourcBs &xp&nd8d indud& attributable VAT which cannot be r8cover8d.
Millennium Publishing Housg Company Llmlted by Guarantee Notes to the Accounts from 1 December 2022 until 30 November 2023 4 Expendlture on charltable actlvltles by fund type UnroStrl¢t8d Fund6 Totsl Funds Unr8Strf¢t8d Funds Totsl Funds 2023 2023 2022 2022 Charitable activib-e5 Support costs 95,674 20,470 116.144 95.674 20.470 116.144 95,145 18.935 114,080 95,145 18,935 114,080 S Analysis of sUPPOrt costs 2023 2022 Business managers Offic8 5uppli8s and h05Pitalty APTOSILSE recharges Removal and storage costs Sundry expense5 Payroll Independent examination fee Accountancy Legal & professional Bank interest Bank charges 9.327 564 2,605 3.685 8,117 1,526 1,427 3,600 79 1,119 300 1,856 606 1,120 300 2.514 355 20.470 302 18,935 8 Debtors 2023 2022 Acctued incom8 25,461 Other debtors 235 235 25,922 7 Credltors: amounts falllng due wlthln 1 year 2023 2022 Accru8ls 1,000 1,000 1,218 21 Defeiied income Pensions Other creditors 25 275 147 1,300 2,386 10
Millennium Publishing Housg Company Llmlted by Guarantee Notes to the Accounts from 1 December 2022 until 30 November 2023 8 Analysis of charitable funds At1 December 2022 At30 November 2023 Income Exponditure Unresthcted funds 179.174 88.754 1116,1441 151,784 9 Trustee remuneratlon and expenses During the year sa18ries of £19.563 12022 £25,905) re paid to truste8s. Expens8s of £13.012 12022.. £9,525) We reimbursed to trustees. All payments made to trustees were In their capacity as editors.