Registered Charity Number: 1111861 Company registration number: 05174289 Millennium Publishing House Company Limited by Guarantee Financial Statements 30 November 2024 Millennium Publishing House Company Limited by Guarantee Financial Statements from 1 December 2023 until 30 November 2024 Page Charity Infomiation Truslees. annual report (incorporating Ihe directors. report) Independent Examinerfs Report to the Trustees of Millennium Publishing House Statement of Financial Activities (induding income and expenditure a¢￿unt) Statement of financial position Notes to the financial statements Millennium Publishing House Company Limited by Guarantee Charity Information The trustees. who are also the directors for the purposes of company law. present their report and financial statements of the charity for the year ended 30 November 2024. Reference and administrative details Registered charity name Millennium Publishing House Charity registration number 1111861 Company registration number 05174289 Principal and Registered office Centre Building, Houghton Street, London, England. WC2A 2AE Trustees The trustees in office on the date the retM)rt was approved were: MJ Hoffman Prof. CJ Brovffl Dr. Y Yao Dr K Dalacoura SEO Wooheyok P Zerfa E Bengtsson Meuller (appointed 21 November 2024) The trustees in office in Ihe period were: P Orellana Matutue (resigned 21 November 2024) EL Sorensen {resigned 21 November 2024) A Zachariades (resigned 21 November 2024) Secretary and business manager The secretary and business manager in Offi￿ on the date the report was approved was: C Bowman The secretaries and business managers in Offi￿ 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 2023 until 30 November 2024 Objectives and activities The objects for which the Charity is established are: 1. To promote all or any of the following purposes in such ways as the Trustees shall from time to time detemiine and in particular by: _ a) the preparation and publication of a not for profit leamed journal. and b) the promotion, organisation and sponsorship of conferences, lectures and other academic events in the field of intemational studies- c) the advancement of education and scholarship in intemational studies. d) the promotion of original research in the field of intemational 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 activities undertaken in relation to the charity's objectives in the year The charity compiles and publishes an academicjoumal called Millennium.. Journal of International Studies. In the period, the charity published Volume 52 (Issues 2 and 3) of the Journal. The charity also organised and hosted the annual Millennium Symposium entitled: Traversing Memories in Global Politics. 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 further the charitys 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. Members of the public benefit from the activities of the charity because of the ability to engage with critical and boundary pushing articles from the International Relations discipline. The difference the charity's perfomiance has made to the beneficiaries of the charity 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 Joumal's readers. Millennium.. Joumal of Intemational Studies aims to publish critical, theoretical. and boundary-pushing articles from the discipline of International Relations (IR), as well as original thinking from elsewhere in the social sciences with a global dimension. Millennium welcomes challenging and innovative contributions that articulate altemative 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 Intemational Relations joumal. which has contributed to the discipline's intellectual pluralism and diversity. Millennium Publishing House Company Limited by Guarantee Trustees. Annual Report (incorporating the Directors. Report)(¢onbn(Rdl from 1 December 2023 until 30 November 2024 Achievements and perfomiance The period November 2023 to November 2024 comprised the fvll tenure of the Millennium Volume 53 Team {up until November 20241. The Millennium Volume 53 Editorial Team comprised Woohyeok Seo, Pauline Zerfa, and Pablo (Kintil Orellana Matute. The Journal attended the International Studies Association event in San Francisco, United States and European International Studies Association evenl in Lille. France. connecting with its long-time contributors to the joumal and hosling a stall to encourage further conlribulions in collaboration wth the journal's publisher, SAGE Publications. The Volume 53 Team had the followng achievements= Volume 53 organised the annual Millennium Symposium. The Millennium Symposium was held between 7- 8 November 2024. The symposium was delivered entirely in person, with a focus on a smaller number of polished contribulions delivered over a more intensely collaborative set of sessions. The symposium hosted established scholars as well as early careers and global South scholars. These contributions will be compiled into Vol 53 (Issue 3) of the journal. The Editors hosted the weekly editorial board meeting of masters and PhD students during the academic year. The Editorial Board was held hybridly, both in person and online. The editors widened scope. increased participation in the Edilorial Board from the wider University of London. Membership rose to include students from King s College London, Queen Mary Universily London, Goldsmiths, University College London, and the London School of Economics. Structure. governance and management Methods used to recruit and appoint new charity trustees The Board of Trustees consists of at least four Appointed Trustees being- a) Two Editor Trustees {being incumbent Editors) nominated by the Editorial Board each of whom hold office for a period of one year from the date of appointment- b) 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., c) One other Trustee (who must be a full-time member of the teaching staff of the Department of International Relations of the London School of Economics and Political Science) nominated by the Editorial Board, holds office for a period ofone year from the date of appointmenl and is eligible for revappointment for furlher periods Iwthout limitation). 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 each shall serve for a period of three years unless he or she ceases to be a Trustees in accordance with the charity's Articles of Association. Such trustees are eligible for further rtrappoinlment by the Board and there is no limil on Ihe number of limes they can be re-appointed. Policies and procedures for the induction and training of trustees Trustees are provided with the trustees guide supplied by the Charity Commission and advised to follow the guidance for trustees on the Charity Commission website. Millennium Publishing House Company Limited by Guarantee Trustees. Annual Report (incorporating the Directors. Report)(continuedJ from 1 December 2023 until 30 November 2024 Risk management policy The trustees have a duty to identify and regularly review the major risks to which the charity is exposed and to ensure appropriate controls are in place to 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 to meet its requirements at the present time. Financial Review The trustees consider the financial performance of the charity during the year to have been satisfactory and are keen to ensure that the long-term financial security of the Charity and its beneficiaries are maintained. The principal funding source of the charity is royalties from the sale of the Millennium Journal. The financial posib.on of the charity at 30 November 2024 and comparatives for the prior period. as more fully detailed in the accounts, can be summarised as: 2024 2023 Net (deficit)income and net movement in funds (43,483} (27,390) Unrestricted funds available for the use of the charity 108,301 151,784 Investment policy The charity holds its surplus cash with Bardays Bank Plc. Reserves policy The trustees 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 £96,000 which is broadly equivalent to 9 months ordinary expenditure. Millennium Publishing House Company Limited by Guarantee Trustees. Annual Report (incorporating the Directors. Report)(continuedJ from 1 December 2023 until 30 November 2024 The charity's organisation structure The Board of Trustees meets regularly lo 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 statements 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 state of affairs of the charity as at the end of the financial year and of Ihe surplus or deficit of the charity. 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 concem basis unless it is inappropriate to presume that the charity will continue in business. observe the methods and principles in Ihe applicable Charities SORP. The Trustees are also responsible for maintaining adequate accounting records which disclose th reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Companies Act 2006 and the Charilies 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 to companies entitled to the small companies. exemption. The trustees, annual report was approved on 12 May 2025 and signed on behalf of the board of trustees by.. Pmf...CtrBrownfJLfT 2¢,.2e2*.*..YJaml"""""" Prof. CJ Brown Trustee A4..L 114èffTrlTrhl. 2025. 4."17pml Trustee Millennium Publishing House Company Limited by Guarantee from 1 December 2023 until 30 November 2024 Independent Examinerfs Report to the Trustees of Millennium Publishing House I report to the trustees on my examination of the financial statements of the Millennium Publishing House ('the charity,) for the year ended 30 November 2024. Responsibilities and basis of report As the charitys trustees (and also its directors for the purposes of company law). you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Gharivs accounts as carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acl'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb} of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- 1) accounling records were not kept in respect of the charity as required by section 386 of the 2006 2) the financial statements do not accord the accounting records" or 3) the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other Ihan any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination- or 4) the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi￿ for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tracy Mair (Jun 24. 2025. 7.26aml TA Mair BA Chartered Accountant Independent Examiner 12 CoppedHall Drive Camberley GU15 1NP 1210512025 Millennium Publishing House Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) from 1 December 2023 until 30 November 2024 Unrestricted Total Funds Funds Total Funds Notes 2024 2024 2023 Income and endowments Charitsble activities 84,241 84,241 88,754 Total income 84,241 84,241 88,754 Expenditure Expenditure on charitable activities 127.724 127,724 116,144 127,724 127,724 116,144 Net (expenditure)lin¢ome and net movement in funds (43,483) (43,483) (27,390) Reconciliation of funds Total funds brought forward Currenl period {deficit)Isurplus Total Funds carried forward 151,784 151,784 179,174 43,483 43,483 27,390 108,301 108,301 151,784 The statement of financial activities includes all gains and losses recognised in the year. All activities derive from continuing operations. The notes on pages g to 11 form part of these financial statements Millennium Publishing House Company Limited by Guarantee Statement of Financial Position 30 November 2024 Notes 2024 2024 2023 2023 Current assets Debtors Cash at bank and in hand 1,698 112,641 114,339 25,922 127,162 153,084 Creditors.. amounts falling due within one year 6,038 1,300 Net current assets 108.301 151,784 Net assets 108,301 151,784 Funds of the charity Unrestricted funds 108.301 151.784 Total charity funds 108,301 151,784 The directors are satisfied that the company is entilled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance wth section 476 of the Acl. The direclors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of accounts. The accounts have been prepared in accordance wth the special provisions applicable to companies subject to the small companies regime. Approved by the board of trustees on 12 May 2025 and signed on its behalf- ri5 row ProIrt￿p￿1fi