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← The London Institute Of Social Studies

2024-01-31-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 2024

THE LONDON INSTITUTE OF SOCIAL STUDIES
Contents Page
Legal and administrative information 2
Trustees’ Report 3-12
Accountant’s Report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Financial Statements 16-24

1

THE LONDON INSTITUTE OF SOCIAL STUDIES

Legal and administrative information

Trustees

Dr Mehmet Murat Erguvan

Tugba Sanver

Ali Said Pehlivan

Dr Nurettin Can

Dr Fatih Isik

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

2

==> picture [156 x 50] intentionally omitted <==

Annual Report

This report covers the activities of the London Institute of Social Studies from February 2023 to the end of January 2024. The report also includes activities planned for the period of 2024-2025, 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

©2024 | The London Institute of Social Studies The London Institute of Social Studies , Annual Report, 25 October 2024 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.

Contents

Introduction ............................................................................................................ 4 Vision, Mission and Values ....................................................................................... 5 Mission ................................................................................................................ 5 Vision .................................................................................................................. 5 Values ................................................................................................................. 5 Supporting Values ................................................................................................ 5 Action Plan .............................................................................................................. 6 Activity Report ......................................................................................................... 6 Academic Events .............................................................................................. 6 Research .......................................................................................................... 8 Services ........................................................................................................... 8 Institutionalisation ............................................................................................ 9

Introduction

Studies from February 2023 to the end of January 2024, as well as outlines our prospective plans for 2024-2025, some of which are already underway.

As a pioneering independent research institution, our mission remains steadfast in

activities in social studies. These endeavours serve the dual purpose of advancing academic discourse and benefiting society at large.

Key Highlights:

  1. Strengthening Research and Knowledge Sharing: In line with our commitment to

and reducing inequalities.

  1. 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, reflecting global academic trends and concerns addressing distinct challenges and shedding light on innovative approaches to doctoral studies.

Looking Ahead:

As we move into 2024-2025, 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.

Vision, Mission and Values

Mission

As an independent research institution, The London Institute organises academic

educational activities in social studies for the benefit 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

inclusion, equality, and diversity

trustworthiness

respect

justice

honour

modesty

courage

wisdom

empowerment

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

accountable and inclusive institutions at all levels

5 5

Action Plan

2024-2025

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 academic/research/community projects

  4. 1.3. curriculum building

  5. Research

  6. 2.1. producing research output

  7. 2.2. applying for academic/research grant projects

  8. Services

  9. 3.1. Consultancy

  10. 3.2. Summer schools

  11. Institutionalisation

  12. 4.1. developing quality management in the Institution

  13. 4.2. producing alternative ways of fundraising

Activity Report

1. Academic Events

1.1. Organising Academic Events

RMC - Research Methodology Conference:

This year’s RMC was held in partnership with Birkbeck, University of London and Coventry University’s Centre for Global Learning (GLEA).

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

Addressing these challenges and opportunities, the RMC 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.

TLI applied to two academic grant calls:

International Writing Workshops 2023

Elevating Research Voices: A Collaborative Writing Immersion for Early Career Researchers in Brazil

TLI applied to the British Academy to conduct a five-day workshop in Brazil, supporting 30 early career researchers. The workshop aimed to build professional networks, foster research and teaching collaborations, enhance study skills, and support publication in high-impact journals within education, social sciences, and humanities. Although the project was not accepted, it successfully broadened TLI’s network in Brazil.

British Academy, Conference 2023

Higher Education Paradigms Post COVID: A Long-term Vision for Diversity and Inclusion

TLI submitted an application to the British Academy to address the evolving roles and responsibilities of higher education institutions (HEIs) in response to the COVID-19 pandemic. Recognizing that the pandemic disrupted traditional services, creating disparities in HEIs' capacities to adapt, we proposed a one-day hybrid symposium. This transdisciplinary event will gather academics from fields like education, psychology, sociology, and technology to share best practices and formulate post-COVID strategies. Key topics include leveraging digital innovations to enhance HEI functions, sustaining student and staff well-being, and addressing emerging social needs through an egalitarian framework.

Other Projects:

1.3. Curriculum Building

2. Research

2.1. RMC Output

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

3. Services

3.1. Variety of Services

The Institute published more service opportunities on the website including:

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

✨ and any other relevant areas of mutual interest.

4. Institutionalisation

4.1. Developing Quality Management in The Institution

Over the past year, our institution has further advanced our quality management system, building on previous initiatives to sustain and elevate the standards in academic, research, and administrative processes. Recognizing the ongoing importance of quality assurance, we have expanded our comprehensive strategy to incorporate new enhancements, ensuring our

and conducting regular, thorough internal audits. Our commitment to continuous improvement remains unwavering, with stakeholder feedback continuing to play a vital role in shaping our policies and initiatives. These

and innovation across all levels of our institution.

4.2. Producing Alternative Ways of Fundraising

institution has continued to explore and implement innovative fundraising strategies, focusing on diversified revenue streams to secure financial sustainability and independence. Building on last year’s initiatives, we have further strengthened partnerships with other higher education institutions and expanded our presence on digital platforms to reach broader audiences. This year, we hosted a successful fundraising event that merged community engagement with our philanthropic objectives, drawing considerable support from both local and global stakeholders. Additionally, our grant-writing team has been further developed to leverage funding opportunities from governmental and private sectors, using prominent grant databases and

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

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 2024 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: 28 November 2024

THE LONDON INSTITUTE OF SOCIAL STUDIES STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 JANUARY 2024

Unristricted
Notes
Funds
INCOME AND EXPENDITURES
£
INCOMING RESOURCES
Incoming resources from generated funds:
Charitable income
2
33561
Activities for generating funds
3
193807
Investment income
4
0
Incoming resources from charitable activities
5
0
Other incoming resources
6
513
TOTAL INCOMING RESOURCES
227881
RESOURCES EXPENDED
Charitable Activities
7
221509
Governance Costs
8
5314
Other resources expended
9
0
TOTAL RESOURCES EXPENDED
11
226823
NET INCOMING/(OUTGOING) RESOURCES
before transfers
21
1058
Transfersbetween funds
-
NET MOVEMENT IN FUNDS FOR THE YEAR
1058
Total Funds at 1 FEBRUARY 2023
33045
Prior Year Adjustment (Note 19)
0
Total Funds at 31 JANUARY 2024
34103
=====		 Restricted
Funds
£
0
0
0
0
-
0
0
0
0
0
0
-
0
0
0
=====		 2024
Total
£
33,561
193807
0
0
513
227881
221509
5314
0
226823
1058
-
1058
33045
0
34103
=====		 2023
Total
£
35,435
354580
0
2689
1325
394029
395976
7367
0
403343
-9314
-
-9314
42359
0
33045
=====

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

14

THE LONDON INSTITUTE OF SOCIAL STUDIES

BALANCE SHEET AS AT 31 31 JANUARY 2024

Notes
2024
₤
15
1757
1757
Debtors
16
16971
Stocks
25950
4208
47129
17
(14783)
32346
18
0
34103
=====
20
0
20
34103
34103
=====
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		 2023
₤
2257
2257
20434
28000
3945
52379
(21591)
30788
0
33045
=====
0
33045
33045
=====

The notes on pages 16 to 24 from part of these accounts. Approved by the Board of Trustees on 28 November 2024 and signed on its behalf by ALI SAID EHLIVAN, Trustee.

ALI SAID PEHLIVAN

Trustee

15

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

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.

16

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

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
£
15800
17761
33561
Unristricted
Funds
£
193807
193807		 Restricted
Funds
£
0
Restricted
Funds
£
-
0		 2024
Total
£
15800
17761
33561
2024
Total
£
193807
193807		 2023
Total
£
16192
19243
35435
2023
Total
£
354580
354580

17

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

4. INVESTMENTINCOME
Unristricted
Funds
£
Rental Income
5. INCOMING RESOURCES FROM CHARITABLE
Unristricted
Funds
£
Charitable Activities/ gift aid
0
6. OTHER INCOMING RESOURCES
Unristricted
Funds
£
Other incoming resources
513
7. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
Unristricted
Funds
£
Investment Income
0
Charitable Activities
221509
221509
SUMMARY BY EXPENDITURE TYPE
Staff
Costs
£
Investment Income
Charitable Activities
16909
16909		 Restricted
2024
Funds
Total
£
£
0
0
ACTIVITIES
Restricted
2024
Funds
Total
£
£
0
0
Restricted
2024
Funds
Total
£
£
0
513
Restricted
2024
Funds
Total
£
£
0
0
0
221509
0
221509
Other
2024
Costs
Total
£
£
0
204600
221509
204600
221509		 2023
Total
£
2023
Total
£
2689
2023
Total
£
1325
2023
Total
£
0
395976
395976
2023
Total
£
0
395976
395976

18

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

8. GOVERNANCE COSTS
Unrestricted
Funds
£
Governance- Accountants fees
1550
Governance - Premises costs for head office
781
Governance - telephone
1
Governance expense - computer expenses
90
Governance expense - wages and salaries
1879
Governance expense - NI
513
Governance - depreciation - tangible fixed assets
500
5314
====
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
£
P/L disposal of land and buildings
Direct
0
P/L disposal of plant and machinery
Direct
0
Courier services
Direct
1240
Decrease/increase stocks
Direct
2050
Ebay fee
Direct
1417
Amazon fee
Direct
0
Premises
Direct
7033
Insurance
Direct
0
Subcontractor cost
Direct
29230
Commission payable
Direct
49
Telephone and internet
Direct
10
Travel and substance
Direct
966
Bank Charges
Direct
145
Subscriptions
Direct
311
Miscellaneous
Direct
15
Advertising
Direct
33
Software
Direct
813
Wages and salaries
Direct
16909
Pension
Direct
125
Purchases
Direct
161163
221509
====
19		 Unrestricted
Funds
£
1550
781
1
90
1879
513
500		 Restricted
Funds
£
0
====
Restricted
Funds
£
0
====
Restricted
Funds
£
0
====		 2024
Total
£
1550
781
1
90
1879
513
500		 2023
Total
£
1550
394
35
30
3456
1402
500
5314
====
Unrestricted
Funds
£		 5314
====
2024
Total
£		 7367
====
2023
Total
£
0
====
2024
Total
£
0
0
1240
2050
1417
0
7033
0
29230
49
10
966
145
311
15
33
813
16909
125
161163		 0
====
2023
Total
£
5163
11778
501
8
1247
74
3549
7
35738
0
318
1591
138
13
15
0
266
31105
132
304333
221509
====
19		 221509
====		 395976
====

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

11. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff Costs
Depreciation
Other Costs
2024
£
£
£
£
Investment Income
0
0
0
0
Charitable Activities
16909
0
204600
221509
Charitable activities
16909
0
204600
221509
Governance
2392
500
2422
5314
Loss on disposal of fixed assets
0
0
0
0
19301
500
207022
226823
12. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Activities undertaken
Total
Directly
Support Costs
2024
£
£
£
Investment Income
0
0
0
Charitable Activities
0
5314
5314
Total
0
5314
5314
13. NET INCOMING RESOURCES
This is stated after charging:
2024
2023
£
£
Depreciation of tangible fixed assets: owned by charity
500
500
Auditor's remuneration
0
0
Governance Accountant fees
1550
1550		 2024
£
0
221509		 2023
£
0
395976
221509 395976
5314
0		 4858
0
226823 400834
Total
2023
£
0
4858
5314 4858
2023
£
500
0
1550

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:		 2024
£
18788
513
19301
2024
No.		 2023
£
34561
1402
35963
2023
No.

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

20

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

15. TANGIBLE FIXED ASSETS

Lands and BuPlant and Machinery TOTAL
Cost £
At 01.02.23 0 2757 2757
Disposals 0 0 0
At 31.01.24 2757 2757
Depreciation
At 01.02.23 0 0
charge for period 500 500
Disposals 0 0
At 31.01.24 500 500
Net book values
At 31.01.24 0 1757 1757
At 31.01.23 0 2257 2257

21

THE LONDON INSTITUTE OF SOCIAL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

16. DEBTORS

EBTORS
2024 2023
£ £
Due after more than one year
Other Debtors
Due within one year
Trade debtors 80 62
Other debtors 16891 20372
16971 20434

17. CREDITORS: Amount falling due within one year

2024
£
Bank loans and Overdraft
Trade creditors
Other taxation and social security
2171
Other creditors
12612
Accruals and deferred income
0
14783		 2023
£
0
2133
19458
21591

18. CREDITORS: Amount falling due after one year

Bank loans
Other creditors		 2024
£
0
0		 2023
£
0
0

22

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

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
£
33045
33045
0
33045
Restated
Brought
Forward
£
33045
0
33045		 Incoming
Resources
£
227881
227881
0
227881
Incoming
Resources
£
227881
0
227881		 Resources
Expended
£
(226823)
(226823)
(226823)
Resources
Expended
£
(226823)
(226823)		 Transfers
In/Out
£
0		 Carried
Forward
£
34103
0 34103
0 0
0 34103
Transfers
In/Out
£
0
0		 Carried
Forward
£
34103
0
0 34103

23

THE LONDON INSTITUTE OF SOCIAL STUDIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

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
2024
2023
£
£
£
£
1757
0
1757
2257
0
0
0
0
47129
0
47129
52379
(14783)
0
(14783)
(21591)
0
0
0
0
0
34103
33045

23. RELATED PARTY TRANSACTIONS

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

24