Registered Charity Number: 1111861 Company registration number: 05174289 Millennium Publishing House Company Limited by Guarantee Financial Statements 30 November 2025 Millennium Publishing House Company Limited by Guarantee Financial Statements from 1 December 2024 until 30 November 2025 Page Charity Information Trustees, annual report lincorporating the directors. report} Independent Examinerfs Report lo the Trustees of Millennium Publishing House Statement of Financial Activities (including income and expenditure accounti Slalemenl of financial pos(tion Notes lo the financial statements Millennium Publishing House Company Limited by Guarantee Charity Information The Iruslees, 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 2025. Reference and administrative details Registered charity name Millennium Publishing House Charlty reglstratlon number 1111861 Company registration number 05174289 Principal and Registered office Centre Building, Houghlon Street, London, England, WC2A 2AE Trusto9$ The trustees in Offi￿ on the dale the report was approved were.. MJ Hoffman Prof. CJ Brown (resigned 12 October 20251 Dr. Y Yao Dr K Dalacoura P Zerla (resigned 1 December 20251 E Bengtsson Meuller Iresigned 1 December 20251 Dr F Berenskoetler (appointed 20 October 20251 The trustees in office in the period were.. Secretary and business manager The secretary and business manager in office on the dale the report was approved was.. C Bowman The secretaries and business managers in office during the period were.. C Bowman Bankers Barclays, 366 Strand, Wesl End, London WC2R OJF Solicilor$ Russell-cooke Solicitors, 2 Pulney Hill, London, SW15 6AB Millennium Publishing House Company Limited by Guarantee Trustees, Annual Report (incorporating the Directors, Report> from 1 December 2024 until 30 November 2025 Obje¢tives 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 determine and in particular by.. - a} the preparation and publication of a not for profit learned journal., and bl the promotion, organisation and sponsorship of COnferen￿S, lectures and other academic events in the field of international studies., c) the advancement of education and scholarship in international studies., dl the promotion of original research in the field of international studies by graduate students, young academics and established scholars and the publication of the usefvl 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 academic journal called Millennium.. Journal of Intemational Studies. In the period, the charity published Volume 54 {Issues 2 and 3} of the Journal. The charity also organised and hosted the annual Millennium Symposium entitled.. Afler International Relalions- Beyond critique.. Building Ihe new in the shell of Ihe old. The charity also held a weekly editorial board meeting during temi time for Msc and PhD students at the LSE and wider University of London instilution. The main activities undertaken during the year to further the 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 Charily Commission in determining the activities undertaken by the charity. Members of the public benefit from the aclivities 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 performance 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 Internalional Sludies and Ihe Journal's readers. Millennium.. Journal of Inlernational Studies aims to publish critical, theoretical, and boundary-pushing articles from the discipline of Intemational 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 alternalive theoretical perspectives and that explore subjecl areas wilh which IR has had little or no serious engagement. Authors have benefitted from having their challenging and innovating work published in a major Internalional Relalions journal, which has conlributed lo the discipline's intellectual pluralism and diversity. Millennium Publishing House Company Limitèd by Guarantee Tru¥tee8' Annual Report lincorporating the Directors. Reportl(¢ortbnuodl from 1 December 2024 until 30 November 2025 Achievements and perfomiance The period November 2024 to November 2025 comprised the full tenure of the Millennium Volutne 54 Teatn lup until Novemb8r 20251. The Millennium Volume 54 Editorial Team comprised Rhiannon Emm, Ta￿or Borowetz, and Elsa 8engtsson Meuller. The Journal attended the International Studies Association event in Chicago, United States, connecting with its long-time contribLrtors to the journal and hosting a stall to encourage further contributions in collaboration with the journal's publisher, SAGE Publications. The Joumal participated in a 'Meet the Editors, roundtable at the European International Studies A550ciation event in Bologna, Italy. The Editois also hosted a Publishing and Editing workshop with ECRS and PhD students at King's College London. The Volum8 54 Team had the followng achievernents.. Volume 54 organised the annual Millennium Symposium. The Millennium Symposium was held belween 3- 4 November 2025. The symposium was delivered in person and online this year to cater for accessibility needs, with a focus on a smaller number of polished contributions delivered over a tnoie intensely collaborative set of se5510ns. The symposium hosted established scholars 8s well as earfy career and Global South scholars. These contributions will be compiled into Vol 54 Ilssue 31 of the journal. The Editors hosted the weekly editori81 b08rd meeting of masters and PhD students during the acadernic year. The Editorial Board was hybrid. both in person and online. Membership was composed of stLJdents from King's College London. Queen Mary University London. Goldsmiths. SOAS, University Gollege London, and the London School of Economics. Structure, govemance and management Methods used to recruit and appoint new charity trustees The Board of Trustees ￿nSistS of at least four Appointed Ttuslees being.. al Two Editor Trustees Ibeing incumbent Edilorsl nominated by the Editorial Board each of whom hold office for a period of one year from the date of appointment", bl One Associate Editor Trustee (being an Associate Edilorl 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 lull-time member of the teaching staff of the Department of Intemational Relations of the London School of Economics and Political Science) norninaled by the Editorial Board. holds office for a period of one year from the dale of appointrnent and is eligible for r&appointrnent for further periods (without Up to three 8ddition81 Trust8es tnay b8 8ppoint8d by th8 Board at any time eith81 at a Board meeting or by way of a written resolution ol the Board and each shall serve lor a period of three years unless he or she ceases to be a Trustees in accordance with the charivs Artides of Association. Such Iluslees are eligible for further re-appoinlmenl by the Board and there is no limit on the number of times they can be re-appointed. Policies and procedures for the indurtion and training of trustees Tiustees are provided wth the ttustees guide supplied by the Charity Commission and advised to follow the guidance for trustees on the Charity Cornmission website. Millennium Publishing House Company Limited by Guarantee Trustggs. Annual Report {incorporating the Directors. RgPOrt}(continuedl from 1 December 2024 until 30 November 2025 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 to provide reasonable assuran against fraud and error. A risk assessment is carried out annually. The trustees are satisfied that the controls in place are sufficient to meet ils requirements at the present time. Financial Review The Iruslees consider the financial performance of the charity during the year to have been satisfactory and are keen lo ensure that the long-term 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 Joumal. The financial position of the charity at 30 November 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as.. 2025 2024 Net Ideficitlincome and net movement in funds 117,8361 {43,4831 Unrestricted funds available for the use of the charity 90,465 108,301 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 affi'rmed that, having regard to the nature of the activities of the charity, the level of free reserves should be approximately £72,000 which is broadly equivalent to 9 months ordinary expenditure. Millennium Publishing House Company Limited by Guarantee Trustggs. Annual Report {incorporating the Directors. RgPOrt}(continuedl from 1 December 2024 until 30 November 2025 The charity's organisation structure The Board of Trustees meets regLJlarly 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 supporL The following mallers require board approval.. The annual budget Reserves policy Investment policy Risk assessment Annual fi'nancial ststements Statement of Trustees, Responsibilities Charity Law requires the Board of Trustees lo 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 deficit of the charity. In preparing those financial statements the Iruslees 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 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 disdose with reasonable accuracy al any time the financial position of the charity and which are sufficient lo 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, exemption. The Iruslees, annual report was approved on 26 May 2026 and signed on behalf of the board of Iruslees by.. ri Dr K Dafacoura Our l+llattEn (Jun 2, 2026. 5 10pm) Millennium Publishing House Company Limited by Guarantee from 1 December 2024 until 30 November 2025 Independent Examinar's Report to the Trustees of Millennium Publishing House I report lo the trustees on my examination of the financial slalemenls of the Millennium Publishing House I'lhe charity'l for the year ended 30 November 2025. Responsibilities and basis of report As the charity's trustees land also ils 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 20061 the 2006 Act'l. Having satisfied myself that the accounts of the company are not required 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 1 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 examiner's statement I have completed my examination. l Confirm that no matters have come to my attention in connedion wi(h the examination giving me cause lo believe.. 11 accounting records were not kept in respect of the charity as required by section 386 of the 20 Act., or 21 the financial statements do not accord with the accounting records., or 31 the financial statements do not comply with the accounting requirements of sedion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter Considered as part of an independent examination", or 41 the financial statements have not been prepared in accordan￿ wth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance 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 matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rpar.hp.rl TA Mair BA Chartered Accountant Independent Examiner Glencoe Lodge Branksome Park Road GU15 2AQ 26 May 2026 Millennium Publishing House Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) from 1 December 2024 until 30 November 2025 Unrestricted Totsl Funds Funds Total Funds Notes 2025 2025 2024 Income and endowments Charitable activities 77,170 77,170 84,241 Total income 77.170 77.170 84.241 Expenditure Expenditure on charitable activities 95,006 95,006 127,724 95.006 95.006 127.724 Net lexpenditurellincome and net movement in funds {17.8361 {17.8361 143.4831 Reconciliation of funds Total funds brought forward Current period Ideficitllsurplus Total Funds carried forward 108,301 108,301 151,784 17,836 17,836 43,483 90,465 90,465 108,301 The slalemenl of financial activities includes all gains and losses recognised in the year. All activities derive from continuing operations. The notes on pages 9 to 11 form part of these financial statements Millennium Publishing House Company Limited by Guarantee Statement of Financial Position 30 November 2025 Notes 2025 2025 2024 2024 Current assets Debtors Cash at bank and in hand 10,768 84,968 95,736 1,698 112.641 114,339 Creditors: amounts falling due within one year 5,271 6,038 Net current assets 90,465 108,301 Net assets 90,465 108,301 Funds of the charity Unrestricted funds 90,465 108.301 Total charlty funds 90,465 108,301 The directors are satisfied that the cornpany is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2008. The members have not required the cornpany to obtain an audit in accordanoe with section 478 of the Act. The directors acknowledge th8ir responsibilities for complying wth the requirern8nts of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accoidance wth the special provisions applicable to companies subject lo the srnall companies regime. Approved by the board of trustees on 26 May 2026 and signed on its behalf.. vpl&"" Dr K Dalacoura Tlfth&ura (Jun 7, 2026, 11.28atnl nviiiiydti Trl￿ts&f1man lJun 2. 2028, 5".IOpml The notes on pages 9 10 11 form part oflhese financial stslemenls Millennium Publishing House Company Limited by Guarantee Notes to th8 Accounts from 1 December 2024 until 30 November 2025 1 General information The ch8rity is a public benefit entity and a private company limited by guarantee in England and Wales and 15 undei the control of its leg81 memb8r5. It is a regist8red charity in Eng18nd 8nd Wal85. 2 Ststement of compliance The financial statements have been p￿pa￿d in accordance wth FRS 102 Section la small entities, and all other applicable awounting standards, 8$ modified by the Statement of Recommended practi￿ for Accounting and Reporting issued by the Charity Commissioners for England & Wales. Th8 charity has tsk8n advantage of the &x8mption in the FRS 102 Section la from th8 requir8ment to produ￿ a cash flow statement. 3 Accounting policies 8a818 of preparation The financial statements are p￿pa￿d on a going cOn￿M basis, under the historitsl cost eonvents.on and in sterling which is the functional currency of the entity. Golng concem There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmatlon uncertalnty The p￿paratIOrn ol the financial statements requires management to make judgements, estimates and assumptions that affect the arnounts reported. These estitnstes and judgements sre continually review8d Bnd a￿ based on experience and other18ctors including expectations of futu￿ events that are believed to b8 reasonabl8 under the circumstanc8S. Accounting estimates and assumptions are made concerning the future and. by their nature. will ra￿lY equal the related actual outcome. The key assumptions and other sources of estimation un￿rtainlY that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilits'es Mrithin the next financial year have been considered by the trustees. Fund accounting Unrestricted funds are av8il8ble lor use at the discretion of the Iruslees to further the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricte(I funds are subjected to restrictions on their expenditure dedared by the donor or through the terms of an appeal and fall into one of bNo sub-classes,. restricted income funds or ￿ndo￿Thent funds. Incomlng Resources All Incoming resourTrs are induded in the statement of financial activities when entidement has passed to the charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the atnount can be ieliably rneasured. Resources Expended Expenditure is ￿COgnised on an accruals basis at the time when an obligation to make a payment is incurred. Resources expended indude 8ttributaiAe VAT which cannot be recovered. Millennium Publishing House Company Limited by Guarantee Notes to th8 Accounts from 1 December 2024 until 30 November 2025 4 ExpendItU￿ on charltable actlvltles by fund type Unrosirltiad Total Unrostrlctèd Total Funds 2026 Funds 2025 Funds 2024 Funds 2024 Charitable activities Support costs 84,371 10.636 95,007 84,371 10.636 95,007 110,578 17.146 127,724 110,578 17.148 127,724 5 Analysis of Support costs 2025 2024 Business managers offi￿ supplies and hospitality APTOSILSE rechsrges Payroll Accountancy Legsl costs Bank charg&5 4.036 216 2,055 1.058 3,024 34 213 10,636 7,500 1,510 3,610 1,040 3,024 34 428 17,146 6 Debtors 2025 2024 Accru8d income 10,448 320 1,655 43 Other debtors 10,768 1,698 7 Creditors.. amounts falling due within 1 year 2025 2024 Accrua15 1,000 45 1,000 29 Pensions Other creditors 4,226 5,009 5,271 6,038 10 Millennium Publishing House Company Limited by Guarantee Notes to th8 Accounts from 1 December 2024 until 30 November 2025 8 Analysis of charitable funds At1 D•eemb•r 2024 At30 Novembèr 2026 Incom8 Expenditure Unrestricted funds 108,301 77,170 195,0061 90,465 9 Trustee remuneration and expenses During the year $81aries of £5.442 12024 £38.3551 were paid to trustees. Expenses of £14.475 12024." £8,929) were reimbursed to trustees. All payments made to trustees were in their capauty as editors.