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2023-01-31-accounts

REGISTERED CHARITY NUMBER: 1119299 REGISTERED COMPANY NUMBER: CE027025

THE LONDON INSTITUTE OF SOCIAL STUDIES ( Charitable incorporated organisation )

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

THE LONDON INSTITUTE OF SOCIAL STUDIES
Contents Page
Legal and administrative information 2
Trustees’ Report 3-17
Accountant’s Report 17
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20-29

Page 1 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

Legal and administrative information

Trustees

Dr Mehmet Murat Erguvan

Naim Deniz

Ali Said Pehlivan

Dr Mustafa Gunaydin

Company Number: CE027025

Charity Number: 1119299

Registered Office address

Hamilton House

4 Mabledon Place,

London,

WC1H 9BB

Accountants

AA ACCOUNTANCY SERVICES 244 Chase Road London N14 6HH

Page 2 of 29

Annual Report

This report covers the activities of the London Institute of Social Studies from February 2022 to the end of January 2023. The report also includes activities planned for the period of 2023-2024, some of which have already been realised.

+44 2079 530 228 thelondoninstitute.org.uk info@thelondoninstitute.org.uk Hamilton House, 4 Mabledon Place, London, WC1H 9BB, United Kingdom

A Charitable Incorporated Organisation (CIO) | UK Charity Number: 1119299

Page 3 of 29

©2023 | The London Institute of Social Studies The London Institute of Social Studies , Annual Report, 25 October 2023 This publication is available at: https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/4031711/accounts-and-annual-returns

All rights reserved except for downloading and storing this publication from the websites mentioned above for personal use. No part of this publication may be reproduced or made available on any information storage and retrieval system or on any other website.

Page 4 of 29

Contents

Introduction ...........................................................................................................................R1
Vision, Mission and Values .....................................................................................................R2
Mission ..............................................................................................................................R2
Vision .................................................................................................................................R2
Values ................................................................................................................................R2
Supporting Values ..............................................................................................................R2
Action Plan ............................................................................................................................R3
Activity Report .......................................................................................................................R3
1.
Academic Events ....................................................................................................R3
2.
Society ...................................................................................................................R5
3.
Research ................................................................................................................R6
4.
Services .................................................................................................................R7
5.
Institutionalisation .................................................................................................R7
Financial Situation .................................................................................................................R9

Page 5 of 29

Introduction

This report encapsulates the multifaceted e orts of the London Institute of Social Studies from February 2022 to the end of January 2023, as well as outlines our prospective plans for 2023-2024, some of which are already underway.

As a pioneering independent research institution, our mission remains steadfast in organizing academic events, spearheading research, and o ering rich educational activities in social studies. These endeavours serve the dual purpose of advancing academic discourse and bene  ting society at large.

Key Highlights:

  1. Strengthening Research and Knowledge Sharing: In line with our commitment to develop research capacity and share knowledge, we have e ectively utilised training sessions, expanded our network, and organised signi  cant academic events. Our e orts have been directed towards addressing societal challenges and reducing inequalities.

  2. Notable Projects and Initiatives:

Career Advancement for Displaced Scholars: This project focuses on eradicating barriers for displaced academics, highlighting our commitment to inclusivity and equal opportunity.

  1. Conferences and Academic Discourse:

RMC - Research Methodology Conference: The conference facilitated discussions on decolonisation of universities and curriculums, re  ecting global academic trends and concerns addressing distinct challenges and shedding light on innovative approaches to doctoral studies.

Looking Ahead:

As we move into 2023-2024, the London Institute is poised to continue its trajectory of impactful research, dynamic educational initiatives, and meaningful collaborations. Our resolve to contribute to the academic community and society aligns with the United Nations� Sustainable Development Goals, particularly focusing on quality education, reducing inequalities, and fostering sustainable, inclusive societies.

Page 6 of 29

R1

Vision, Mission and Values

Mission

As an independent research institution, The London Institute organises academic events, conducts research and o ers educational activities in social studies for the bene  t of society.

Vision

The London Institute aims to be a recognised research institution striving to contribute to a peaceful, inclusive, and sustainable society by organising academic events and conducting quality research and education.

Values

integrity accountability social responsibility lifelong learning academic freedom and honesty critical thinking professionalism quality empowerment

inclusion, equality, and diversity trustworthiness

respect

justice

honour modesty

courage wisdom

Supporting Values

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Reduce inequality within and among countries

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build e ective, accountable and inclusive institutions at all levels

Page 7 of 29

R2

Action Plan

2022-2023

The Institute�s Action Plan was built upon the Strategic Plan 2021-26

  1. Academic Events

  2. 1.1. organising academic events

  3. 1.2. applying for research/community projects

  4. Society

  5. 2.1. conducting community outreach

  6. Research

  7. 3.1. producing research output

  8. 3.2. applying for academic/research grant projects

  9. Services

  10. 4.1. Summer schools

  11. Institutionalisation

  12. 5.1. developing quality management in the Institution

  13. 5.2. producing alternative ways of fundraising

Activity Report

1. Academic Events

1.1. Organising Academic Events

RMC 2023 - Research Methodology Conference:

In recent years, the discussion around decolonisation of the university and of the curriculum has become increasingly widespread, following the �Rhodes Must Fall� and �Fees Must Fall� protests in South Africa, and the �Why is my curriculum white?� and �Why isn�t my professor black?� movements in the UK. The call to decolonise universities and to radically alter educational landscapes to re  ect experiences and knowledge emanating from the global south is a crucial intervention in reframing issues of justice and equity in favour of the global majority in higher education.

The question remains how in practical terms will these interventions shape how research is conducted, evaluated and published. What methods and methodologies will move the dial from reformist managerialism to liberation and transformation? This conference has provided a space for new and emerging researchers to envisage how the decolonial turn provides them with an opportunity to think anew about their research and its potential

Page 8 of 29

R3

impact on higher education processes and practices. The conference has been a space to critically think about methods and methodologies that take us beyond the traditional educational spaces and which envisage new synergies between the academy and community.

In an attempt to promote critical conversation around the theme, we sought contributions about but not limited to the following topics:

Critical analyses of the various forms and norms of decolonisation (real and imagined)

Decolonisation of research methodologies and methods

Methodological choices and challenges

Research design, methods of data collection and  eldwork and analysis

Ethical and legal issues

Digital Research, use of new technological tools and innovative approaches

Engaging marginalised audiences in research

Limitations and future directions

Addressing these challenges and opportunities, the RMC 2023 provided an important opportunity for established academics, early-career and postgraduate researchers from across the Social Sciences, Arts and Humanities, with the objective of providing a critical but supportive environment.

This conference has enabled participants to i) share their research experience ii) get feedback from their peers and leading academics and iii) develop their understanding of methods and methodologies in global contexts. Through the one-day conference, attendees were able to explore the current research trends, empirical, methodological, and ethical issues as well as challenges and opportunities.

1.2. Applying for Research/Community Projects

The project, funded by the Lottery Community Fund and booster by the Big Give, aims to eradicate barriers for displaced scholars in gaining knowledge, experience and opportunities by creating a bespoke programme of cultural, educational and career-advancing activities to integrate these highly-skilled

Page 9 of 29

R4

migrants into the British job market. In doing so, the project will enable more people to fulfil their potential by working to address issues at the earliest possible stage. This tailored programme will be conducted with selected mentors from these communities in order to provide displaced scholars with a greater understanding of Britain, its culture, its academia and its working environment.

Among the objectives of the project are:

Visiting places with historical importance such as the Parliament, museums, theatres, galleries etc.

Engaging with the UK Universities.

Producing at least one publication at the end of the project.

The project spans two years, with December 2023 marking the end of its  rst year.

2. Society

2.1. Conducting Community Outreach

Scholar Family Fun Day: A Joyful Picnic Experience

The project�s aim was to bring together displaced scholars from diverse backgrounds and their children for a one-day picnic. The picnic provided a fun, relaxed, and supportive environment for these individuals and families to come together and connect.

The project fostered a sense of community among displaced scholars, alleviating feelings of isolation in unfamiliar environments. By uniting them with their families, they were able to exchange experiences and provide mutual encouragement. This signi  cantly enhanced their mental well-being. The bene  ciaries encompassed displaced scholars from various backgrounds, along with their children.

Page 10 of 29

R5

Approximately 50 participants attended the event, and we were honoured to have the Local MP join us.

3. Research

3.1. Producing Research Output

The research output for the period 2022-2023 is summarized as follows:

RMC 2023 Output:

This publication encompasses the keynotes presented at the event, along with 21 abstracts for which the authors granted publication permission.

Contribution to a BERA Publication:

Dr. M. Murat Erguvan, the Executive Director, in collaboration with Dr. Helen Hanna, authored the article titled "Supporting Displaced Postgraduate Students Towards Inclusion in Higher Education Across the UK: An Action Plan." This piece was featured in "BERA � Research Intelligence: News from the British Educational Research Association," Issue 157.

3.2. Applying for Academic/Research Grant Projects

British Academy�s International Writing Workshop

Following the last year�s Kazakhstan project submission, this academic workshop for professional practitioners focuses on Brazil. Once granted, this  ve-day workshop aims to support 30 early career researchers, with the objectives of developing professional networks, fostering research and teaching partnerships, encouraging study skills development, and promoting research evolution in Brazil. We wish to encourage and support early career researchers in Brazil to publish in high-impact journals in the  elds of education, the social sciences, and the humanities. The lead applicant is on the Executive Board of the British Journal of Educational Studies and reviews for Race, Ethnicity and Education, The London Review of Education, and Equity, Education and Society. Furthermore, we aim to address challenges for international students that involve language, methodology, research

Page 11 of 29

R6

ethics, peer review, and wider dissemination issues. The short and mediumterm intentions of the workshop are to collaborate with the early career researchers and develop skills with follow-up activities, i.e., supporting early career researchers in structuring and drafting journal articles.

4. Services

4.1. Variety of Services

The Institute published more service opportunities on the website including:

Summer Schools in relevant subjects.

Training / Workshops regarding relevant skills.

Thesis Supervision co-supervision of master's and doctoral theses.

Teaching Issues at bachelor's, master's, and doctoral levels.

Research regarding societal problems.

Research Fellowship to encourage young researchers.

Joint Publications joint publications of mutual interest.

and any other relevant areas of mutual interest.

5. Institutionalisation

5.1. Developing Quality Management in The Institution

This year, our institution has made signi  cant strides in enhancing our quality management systems. Recognizing the critical role of quality assurance in academic/research and administrative processes, we have implemented a comprehensive strategy aimed at standardizing procedures, improving e iciency, and ensuring the highest standards of educational services. Key initiatives include the adoption of new quality management software, sta training in best practices, and regular internal audits of our internal processes. Our commitment to continuous improvement is

Page 12 of 29

R7

re  ected in our approach to feedback, where the stakeholders in our activities play a crucial role in shaping our policies. These e orts are not only aimed at maintaining quality standards but also at fostering a culture of excellence that permeates every aspect of our institution.

5.2. Producing Alternative Ways of Fundraising

In response to the evolving  nancial landscape in higher education, our institution has embarked on exploring and implementing alternative fundraising strategies. This year, we have focused on diversifying our revenue streams to ensure  nancial sustainability and independence. Initiatives include developing partnerships with other higher education institutions and tapping into digital platforms. We have also hosted a fundraising event, combining community engagement with philanthropic goals. Additionally, our grant-writing team has been strengthened to capitalize on funding opportunities from both governmental and private sectors using well-known grant databases.

Page 13 of 29

R8

Financial Situation

Total Income: £63,877

Trade 23,935
Grants 19,242
Donation 16,192
Gift Aid 2,689
Events 1,819

Page 14 of 29

R9

Total Expenditure: £68,711

Sta
& NEST & HMRC
£30,345
Contracted Professionals
£17,918
O
ice Rent
£9,450
Event Expenses
£3,742		 Legal Fees & Prof. Services
£3,318
Travel Expenses
£1,517
Media Expenses
£1,221
Scholarships
£1,200

Page 15 of 29

R10

Hamilton House, 4 Mabledon Place, London, WC1H 9BB United Kingdom +44(0)20 7953 0228 info@thelondoninstitute.org.uk https://thelondoninstitute.org.uk/

A Charitable Incorporated Organisation (CIO) | UK Charity Number: 1119299

Page 16 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF THE LONDON INSTITUTE OF

SOCIAL STUDIES

I report on the accounts of the charity for the period ended 31 January 2023 which are set out on pages 10 to 20

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment Act 2005 and the Charities Accounts Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention other than disclosed below.

1.which gives me reasonable cause to believe that in any material respect the requirements:

•to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

•to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or

2.to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached .

AA ACCOUNTANCY SERVICES

Chartered Certified Accountant

244 Chase Road, London, N14 6HH

Date: 29 November 2023

Page 17 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 JANUARY 2023

Unristricted
Notes
Funds
INCOME AND EXPENDITURES
£
INCOMING RESOURCES
Incoming resources from generated funds:
Charitable income
2
35435
Activities for generating funds
3
354580
Investment income
4
0
Incoming resources from charitable activities
5
2689
Other incoming resources
6
1325
TOTAL INCOMING RESOURCES
394029
RESOURCES EXPENDED
Charitable Activities
7
395976
Governance Costs
8
7367
Other resources expended
9
0
TOTAL RESOURCES EXPENDED
11
403343
NET INCOMING/(OUTGOING) RESOURCES
before transfers
21
-9314
Transfersbetween funds
-
NET MOVEMENT IN FUNDS FOR THE YEAR
-9314
Total Funds at 1 FEBRUARY 2022
Prior Year Adjustment (Note 19)
0
Total Funds at 31 JANUARY 2023
-9314
=====		 Restricted
Funds
£
0
0
0
0
-
0
0
0
0
0
0
-
0
0
0
=====		 2023
Total
£
35,435
354580
0
2689
1325
394029
395976
7367
0
403343
-9314
-
-9314
0
0
-9314
=====		 2022
Total
£
21,041
584913
0
0
6388
612342
602656
6249
0
608905
3437
-
3437
0
3437
=====

The notes on pages 12 to 22 form part of these accounts.

Page 18 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

BALANCE SHEET AS AT 31 31 JANUARY 2023

Notes
2023
₤
15
2257
2257
Debtors
16
20434
Stocks
28000
3945
52379
17
(21591)
30788
18
0
33045
=====
20
0
20
-9314
-9314
=====
Unrestricted funds
CREDITORS:Amounts falling due
within one year
Total assets less current liabilities
Net current assets / (liabilities)
CREDITORS:Amounts falling due
more than one year
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank and in hand
Restricted funds
CHARITY FUNDS		 2022
₤
19698
19698
17579
22150
8779
48508
(25847)
22661
0
42359
=====
0
3437
3437
=====

The notes on pages 16 to 24 from part of these accounts. Approved by the Board of Trustees on 29 November 2023.and signed on its behalf by ALI SAID PEHLIVAN, Trustee.

ALI SAID PEHLIVAN

Trustee

Page 19 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.3 Incoming resources

All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable

1.4 Resources expended

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled, Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Page 20 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

1. ACCOUNTING POLICIES (continued)

1.5 Tangible fixed assets and depreciation

All assets costing more than £ 500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings 25% reducing balance

1.6 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of financial activities.

1.7 Programme related investment

Programme related investments are stated at the cost of investment.

2. VOLUNTARY INCOME
Donations
Grants
Voluntary Income
3. TRADING ACTIVITIES
Charity trading income
Charity trading income-Domestic
Net income from trading activities		 Unristricted
Funds
£
16192
19243
35435
Unristricted
Funds
£
354580
354580		 Restricted
Funds
£
0
Restricted
Funds
£
-
0		 2023
Total
£
16192
19243
35435
2023
Total
£
354580
354580		 2022
Total
£
21041
21041
2022
Total
£
584913
584913

Page 21 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

4. INVESTMENTINCOME
Unristricted
Funds
£
Rental Income
5. INCOMING RESOURCES FROM CHARITABLE
Unristricted
Funds
£
Charitable Activities/ gift aid
2689
6. OTHER INCOMING RESOURCES
Unristricted
Funds
£
Other incoming resources
1325
7. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
Unristricted
Funds
£
Investment Income
0
Charitable Activities
395976
395976
SUMMARY BY EXPENDITURE TYPE
Staff
Costs
£
Investment Income
Charitable Activities
31105
31105		 Restricted
2023
Funds
Total
£
£
0
0
ACTIVITIES
Restricted
2023
Funds
Total
£
£
0
2689
Restricted
2023
Funds
Total
£
£
0
1325
Restricted
2023
Funds
Total
£
£
0
0
0
395976
0
395976
Other
2023
Costs
Total
£
£
0
364871
395976
364871
395976		 2022
Total
£
2022
Total
£
0
2022
Total
£
6388
2022
Total
£
0
602656
602656
2022
Total
£
0
602656
602656

Page 22 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

8. GOVERNANCE COSTS
Unrestricted
Funds
£
Governance- Accountants fees
1550
Governance - Premises costs for head office
394
Governance - telephone
35
Governance expense - computer expenses
30
Governance expense - wages and salaries
3456
Governance expense - NI
1402
Governance - depreciation - tangible fixed assets
500
7367
====
9. OTHER RESOURCES EXPENDED
Unrestricted
Funds
£
Loss((profit) on disposal of fixed asset
0
====
10. DIRECT COSTS
Basis of Unrestricted
All Charitable activities
Allocation
Funds
£
Charitable expenses
Direct
P/L disposal of land and buildings
Direct
5163
P/L disposal of plant and machinery
Direct
11778
Courier services
Direct
501
Consultancy fee
Direct
0
Membership fee
Direct
8
Ebay fee
Direct
1247
Amazon fee
Direct
74
Meeting expenses
Direct
0
Cleaning
Direct
0
Staff training and welfare
Direct
0
Premises
Direct
3549
Insurance
Direct
7
Subcontractor cost
Direct
35738
Professional fees
Direct
0
Printing, Postage and Stationary
Direct
0
Equipment expensed
Direct
0
Commission payable
Direct
0
Telephone and internet
Direct
318
Travel and substance
Direct
1591
Repairs and Renewals
Direct
0
Bank Charges
Direct
138
Inretest
Direct
0
Subscriptions
Direct
13
Miscellaneous
Direct
15
Advertising
Direct
0
Director salaries
Direct
0		 Unrestricted
Funds
£
1550
394
35
30
3456
1402
500		 Restricted
Funds
£
0
====
Restricted
Funds
£
0
====
Restricted
Funds
£		 2023
Total
£
1550
394
35
30
3456
1402
500		 2022
Total
£
1550
536
10
105
2625
1123
300
7367
====
Unrestricted
Funds
£		 7367
====
2023
Total
£		 6249
====
2022
Total
£
0
====
2023
Total
£
0
5163
11778
501
0
8
1247
74
0
0
0
3549
7
35738
0
0
0
0
318
1591
0
138
0
13
15
0
-		 0
====
2022
Total
£
209
12785
69
0
0
1850
0
0
4819
240
0
440
19
0
5825
88
788
0
109
0
122
30
0
3774

Page 23 of 29

Software
Direct
266
Wages and salaries
Direct
31105
Pension
Direct
132
Purchases
Direct
304333
395976
====		 Software
Direct
266
Wages and salaries
Direct
31105
Pension
Direct
132
Purchases
Direct
304333
395976
====		 0
====		 266
31105
132
304333		 940
23629
311
546609
395976
====		 395976
====		 602656
====

Page 24 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

11. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff Costs
Depreciation
Other Costs
2023
£
£
£
£
Investment Income
0
0
0
0
Charitable Activities
31105
0
364871
395976
Charitable activities
31105
0
364871
395976
Governance
4858
500
2009
7367
Loss on disposal of fixed assets
0
0
0
0
35963
500
366880
403343
12. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Activities undertaken
Total
Directly
Support Costs
2023
£
£
£
Investment Income
0
0
0
Charitable Activities
0
7367
7367
Total
0
7367
7367
13. NET INCOMING RESOURCES
This is stated after charging:
2023
2022
£
£
Depreciation of tangible fixed assets: owned by charity
500
3160
Auditor's remuneration
0
0
Governance Accountant fees
1550
3698		 2023
£
0
395976		 2022
£
0
602656
395976 602656
7367
0		 3748
0
403343 606404
Total
2022
£
0
3748
7367 3748
2022
£
3160
0
3698

During the year, no Trustees received any remuneration (2020 -£NIL). During the year, no Trustees received any benefits in kind (2020 -£NIL). During the year, no Trustees received any reimbursement of expenses (2020 -£NIL). 14. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:		 2023
£
34561
305735
340296
2023
No.		 2022
£
26254
547732
573986
2022
No.

No employee received remuneration amounting to more than £60,000 in either year.

Page 25 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

15. TANGIBLE FIXED ASSETS

15. TANGIBLE FIXED ASSETS
Lands and BuPlant and Machinery
Cost
At 01.02.22
5163
22757
Disposals
-5163
-20000
At 31.01.23
2757
Depreciation
At 01.02.22
8222
charge for period
500
Disposals
-8222
At 31.01.23
500
Net book values
At 31.01.23
2257
At 31.01.22
5163
14535		 TOTAL
£
27920
-25163
2757
8222
500
-8222
500
1000
2257
19698

Page 26 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

16. DEBTORS

EBTORS
2023 2022
£ £
Due after more than one year
Other Debtors
Due within one year
Trade debtors 62 261
Other debtors 20372 17318
20434 17579

17. CREDITORS: Amount falling due within one year

2023
£
Bank loans and Overdraft
Trade creditors
Other taxation and social security
2133
Other creditors
19458
Accruals and deferred income
0
21591		 2022
£
2620
866
22361
25847

18. CREDITORS: Amount falling due after one year

Bank loans
Other creditors		 2023
£
0
0		 2022
£
0
0

Page 27 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

19. PRIOR YEAR ADJUSTMENT

There is no prior year adjsutment this year

20. STATEMENT OF FUNDS

Designated Funds
General Funds
General Funds-all funds
Total Unrestricted funds
Restricted funds
Restricted funds-all funds
Total of funds
SUMMARY OF FUNDS
General Funds
Restricted funds		 Brought
Forward
£
0
0
0
0
Restated
Brought
Forward
£
0
0
0		 Incoming
Resources
£
394029
394029
0
394029
Incoming
Resources
£
394029
0
394029		 Resources
Expended
£
(403343)
(403343)
(403343)
Resources
Expended
£
(403343)
(403343)		 Transfers
In/Out
£
0		 Carried
Forward
£
-9314
0 -9314
0 0
0 -9314
Transfers
In/Out
£
0
0		 Carried
Forward
£
-9314
0
0 -9314

Page 28 of 29

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Debtors due after more than 1 year
Current assets
Creditors due within one year
Creditors due in more than one year		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
2257
0
2257
19698
0
0
0
0
52379
0
52379
48508
(21591)
0
(21591)
(25847)
0
0
0
0
0
33045
42359

23. RELATED PARTY TRANSACTIONS

There was not any related party transaction with any of the trustees this year and last year.

Page 29 of 29