the Rev iological iew SOCIOLOGICAL REVIEW FOUNDATION LIMITED A Company Limited by Guarantee and Not Having a Share Capital Company No: 09044774 Charity No.. 1161961 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 KINGSTON BURROWES AUDIT LTD 308 Ewell Road Surbiton Surrey KT6 7AL
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital Company No.. 09044774, Charty No.. 1161961 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS REPORTOF THETRUSTEES......................................... INDEPENDENT AUDITOR'S REPORT............................ 10 STATEMENT OF FINANCIAL ACTIVITIES .................... 13 BALANCE SHEET........................................................ 14 NOTES TOTHE ACCOUNTS....................................... 15-19
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital Company No: 09044774, Charty No." 1161961 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1. Report of Trustees for the Year Ended 31 December 2024 The trustees, who are also directors of the charity for the purposes of the Companies Ac[ present their annual report along with the financial statements of the charity and ils subsidiary for the year ended 31 December 2024, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. 2. Obje¢tive8 and Activities The charitable objects of the Sociological Review Foundation Limited are defined in Article 4 of the goveming docunienl as follows. To advance the education of the public in general (ar¢d particularly among students at the University of Keele} on the subject of sociology in such ways as the trustees Ihink fi't, including by awarding scholarships for Students studying sociology and promoting research for the public benefit in all aspects of the subject of sociology and to publish the useful results ' The Foundation was established in 2015 and is funded by the proceeds of sales and subscriptions of The Sociological Review Journal. Its Charitable activities f()cus on public sociology and support for early career rese8rchers. The Foundation's aims are set out in the 2024-29 Straleglc Plan and the 2023 Manifesto. 2.1 Public Soclology Beyond the scholarly work of the Sociological Review Joumal Ipublished via our trading subsidiary, the Sociological Review Publicaton Limited}, it is the Foundation's mission to promote sociological thinking to aUdIenS beyond academia,. raise wider awareness of key debates that shape societies,. and direct and support pmjects that intervene in emerging issues. This is done in a number of ways, including an open-access digital magazine., the Connected Sociologies Curriculum project,. the Uncommon Sense podcast and other podcasts whose dissemination we support. As part of our commltment to public sociology we organise or fund a number of events includin9.' The Sociological Review Annual Lecture. a free public event The Sociological Review Seminar Series, which supports scholars to undertake in-person, hybrid and online seminars and symposia aimed at scholarly and non-scholarly aUdIenS Online and in-person events and conferences that bring together established and new researchers and are aimed al both scholarly and general audiences. 2.2 Academi¢ Caroer Development Support In keeping with ils charitable mission, the Foundation is proud to prioritise support for earty career researchers, both inside and outside of the university environment. The support we offer, via open competition or based on need, indudes.. The Sociological Review Fellowship, based at Keele Univèrsity, which allows an earfy career scholar to spend a year writing a first monograph. Career development opportunities for ECRS, such an annual writing retreat. Bursaries for unfvnded PhD and postdoctoral researchers to attend our events. In 2024, £5.985 in funding of this kind was awarded. Opportunities for ECRS to publish in the Sociological Review magazine, and receive editorial feedback and training on writing for a broad international readership. Opportunities for ECRS to join the Sociological Review Editorial Board, where they receive trdining on refereeing and other skills under the mentorship of an expenenced editor..
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont 3. Achlevements and Perfomiance Undisciplining 11 Conference The Sociological Review Foundation's Undisciplining 11 conference took place from 10 to 12 September 2024 at The Lowry, Salford. Attended by 120 individuals, the conference brought together academics and educators, artists and activists, and thinkers and doers across many fields to ask". "Who is sociology lofft" The programme included lectures, workshops, and interactive sessions, supporting the Foundation's mission of promoting public engagement in sociology. 15 Eady Career Researchers were awarded travel and accommodation bursaries Itolal amount awarded.. £5,225). See the conference page and the conference programme for detai16 Podcasts Uncommon Sense: A podcast to create a Spa for questioning taken-for-granted idea5 about society, imagining beller ways of living logelher, and Gonfronting our shared crises. Each episode typically features a conversation with one academic, focusing on a theme or issije. The podcast r]Ved £35,370 in funding in 2024 and comprised ten episodes. During 2024, the series saw 23,471 downloads across all podcast platlorms. up from 16,889 in 2023. Thanks For T in A six-episode podcast on the invisible work done by researchers, wives on landmark studies in modern sociology. Hosted by Ros Edwards and Val Gillies, produced by Research Podcasts. and hosted by the Sociological Review Foundation, 2,499 downloads in 2024. Podcasts launched in 2022 and 2023 continue to be successful.. Spatial Delight {6,244 downloads), The Stigma Conversations11,475 downloads), and Politics After the Pandemic (752 downloads). The Sociological Revlew Magazine The Sociological Review's open-access digital Magazine offers insights grounded in sociological thinking via lively writing for a broad global readership. In addition lo research-informed articles by conlribulors, the issues included book reviews. archive highlights and relevant papers from The Sociological Review journal that were made free lo view ft)r a two-month period. Each magazine issue was illustrated with commissioned artwork, and illustrators were paid a fee. Support from professional sub-editors helped to strengthen the qL¢ality. clarity, actucY and reach of content, in keeping with the organisation's public sociology remit. For the many contributors who were eaAy career scholars undertaking their first journalisliclnon-joumal articte aimed at a non-academic readership, the editorial process offered a valuable Caer development opportunity. In 2024 the Magazine publishecl six issues and 58 original research-informed articles and attracted 23,362 unique website visitors and 28,820 pageviews. Book Reviews and So¢iological Fiction The Sociological Review's tK)ok rèvlews section offers reviews of new and noteworthy titles in sociology and cognate disciplines. In 2024, Book Reviews Editor Emma Craddock commissioned and published 24 reviews and two Bedside Books columns. The Reviews section as a whole drew 4,760 unique website visitors and 5,676 total p8geviews during 2024. Sociological Fiction presents short stories by writers who creatively extend sociological imagination into fiction. In 2024, Fiction Editor Ash Watson works with each contributor to refine their creative composition and shape an accompanying exegesis that dmws out the work's connection with )ciologi¢al insights. In 2024, the section drew 1,537 unique visitors and 1,886 total pageviews.
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont Image-makers in Residence This initiative puts visual sociology in the spotlight, with an emphasis on migrant, minority and Global South practitioners and scholars. Residencies include six to eight posts of images and lexl via The Sociological Review's Inslagram channel, and an artist Q&A and image archive on the Foundation's website. In 2024, the series featured ten artists and was curated by George Kalivis. Image-makers were paid an honorariurn. The Image-maker in Residence pages on the Sociological Review Foundation website drew 1,657 unique visitors and 2,017 pageviews during the year. The Sociological Review Somlnar Series The Sociological Review Found8tion makes available up to £10,000 each year to support scholarty seminars on subjects within the publishing interests of The Sociological Review journal. Funding to Tun a single seminar, or a series of up to three seminars. is offered through open competition.. academics are invited to submit proposals for online or in-person events that involve collaborations across institutions and disciplines and also welwme those that connect to wider communities and the arts. Applicants are encouraged to include a publi¢ engagement component to their event and by worf(ing and thinking across borders and cultures. The following events were funded in 2024.. PlatForm Co-operatives, Digital Capilalism, and the Future of Work {22 January 20241 Racialised Capilalisrn and ils Discontents {24 April and 4 September 2024} Boundary Crossing.. The Tmnsnational Travels of Social Reproduction13 May 20241 Activist Research.. meth{$ Beyond Academia (13 October 20241 Connected Soclologies Curri¢ulum Project The Connected Sociologies Curriculum Project is an educational platforrn that provides open-access audiovisual and written resources for students, teachers and academics interested in decolonising school, college and university curricula. The cornerstone of this public engagement project is a Series of themed modules comprising video and supplementary educational resources. Downloadable lesson plans for teaching at A-Level IGCE secondary school level} in subjects related to Sociology, History, Politics and Geography were created in 2024 for each of the 55 lectures, breaking down related concepts into a series of activities and prompts. A promotional project booklet was published in 2024 to provide an overview of the project. The Sociological Revlew Fellowship The Sociologic81 Review Fellowship, hosted at Keele University at an annual cost of £60,000, is a significant comF)onent of the Foundation's early career researcher initiatives. Established in 1998, this annual award funds a recent PhD to convert their doctoral research into publications, ordinarily a first book-length monograph. Brenda Herbert, whose research focuses on children and families who have experienced domestic abuse, was named 2024-25 Sociological Review Fellow. Her appointment followed that of 2023-24 Fellow William Zhengdong Hu. Acadomic Career Devfrlopment 8zin8 and New r Wntin 22 January 2024 | Attendees.. 20 for Sociolo ists Delia Lloyd facilitated thls intensive online workshop for academics who want to write about their research for non4cademic readers. via newspapers, magazines and other mainstream media.
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont Wri Retreat for Mid-career S¢holsrs 18-20 March 2024, Gl8dstone's Library. Wales | Attendees.. 151 Travel bursarles.. £400 A free retreat allowing participants to focus on writing a joumal article or other academic outPLrt within a supportive and focused environment. Places were awarded on a competitive basis. Writin Retreat for Ea caer Res8arGhers 4-6 November 2024. Gladslone's Library, Wales | Attendee5.' 13 | Travel bursaries= £760 The Sociological Review Foundation's annual residential writing retreat for earfy career scholars. 13 places were awarded on a comp9tilive basis, and the retreat was fr88 of charge to attend. Journal and Monograph Events The Sociolo ical Review at the 2024 E A Conference Porto 27 Au ust 2024 Author meets critics style event with Silke Roth and Clare Saunders, authors of Organising for Ch8nge.' Social Change Makers and SO81 Changg Organisations. TSR Journ81 Art16 of the Year 202 Award 5 Dec8mber 2024 An online event to lebrate and explore the papers that have been selected for the Joumal ArticEe of the Year Award 2023. Digital Engagoment Our website saw a 10.ltr rise in visitors, with 350,000+ pageviews in 2024. Our newsletter subscriber list grew by 16°h lo 3,221. The below table provides an overview on our soclal media following.. Channel Followers at 31 Dec 2024 65,305 Net new followers -1,437 41 4,889 2,103 Growth in % Twitterlx Facebook Bluesky Linkedln Inslagram Imain) Instagram (podcast51 Threads YouTube -2.15, 0.14Q 913 8% 3560/0 16.10 38.4% 34.41kn5 5,424 2,694 4,952 897 1,086 1,684 262 278 35.8. 4. Plans for 2025 We aim to continue our dnierse programme of aclrvities, in line with our charitable objects and supported by our 2024-2029 Strategic Plan and 2025 Business Plan. In p2rbcular, we will.. Organise ECR events including our annual writin to the topic of the Annual Lectu., Cornpetitively award funding for seminars as part of our Seminar Series., Continue ftjnding our flagship podcast, Uncommon Sense Continue dissernirTrating the findings of sociological research for the public benefit, through our quarterly magazine, podcasts, an annual lectu. our website and social media channels. Organise a webinar series on public sociology Develop and deliver a podcast training workshop for sociologists seeking new ways to communicate their research to a broader aL¢dience, or are curious about podcasting as a means of PLtblic engagement but unsure where lo begin. retreat, and an ECR workshop conne¢ted
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont S. Financial Review In 2023, we secured a continued income stream for our charity by renewing the publishing contract for the Sociological Review Journ81 between our wholly owned subsidiary trading company, the Sociological Review Publication Limited ISRPLI and SAGE academic publishers- for a period of three years {2024-20261. This has re8ulled in an annual income of approx. £160,000 that is gift-aided to us by Ihe SRPL. As nd fundraisin As of 31 December 2024, the Foundation had unrestricted assets of £577,801, which includes funds the Sociological Review Journal had accumulated prior to the foundation of the charity in 2015. These assets are principally held in two bank accounts at Nalwesl and Santander, respectively_ Additionally, OLFr charity had a healthy annu81 income of £151,863 in 202412023., £210,346). Oijr 2024-2029 Strategic Plan lists organisational sustainability as its first strategic objective. In June 2024, we appointed a Deputy CEO lo develop and oversee our fundraising and income generation initiatives, rnaking use of preparatory work undertaken since 2018. In November 2024 we appointed a Development Manager to progress fundraising and partnership initiatives under the guidance of the CEO and Deputy CEO. Iri the meantime, the trustees agreed a small number of cost reducts.on measures to secure to allow for fundraising and income generation initiatives to bear fruit, including pausing the Sociological Review Fellowship and mid-career writing lal in 2025, and reducing staff costs by adjusting contractual hours, while avoiding redundancies. At 811 limes, the Trustees will adhere to the guidance issued by the Charity Commission.. Chanty Fundraising.. A Guidg to Trustee Duties. es olic The trustees aim to maintain free reserves in UrestCted funds equal lo six months of unrestricted charitable expenditure. In 2024 figures, this equated to approx. £190,000. The Trustees consider that this level provides sufficient funds to fulfil the Charity's obligations as laid out in the annual business plans,. to pay salaried staff and contractors,. fund the Sociological Review Seminar Series, Annual Lecture and other evenls,. and disseminate the findings of sociological research for the public benefit through our webslte and social media channels. In agreeing the required levels of free reseNes in unrestricted funds, the Trustees have purposely disTarded the annual income of the Socioloyical Review Foundation. This is due to the relative unpredictability of the date on which these funds become available each year. The availability of these fijnds depends on the income from royalties paid to the Charity's subsidiary tmding company, the Sociological Review Publication Limited ISRPLI by the publisher of the Sociological Review Journal. The Trustees agree that there is a minor risk of these funds not being transferrèd lo SRPL. and via SRPL lo the Charity, on time. which would put the Charity at risk of fulfilling its obligations. The Trustees recognise that the circumstances of the charity or the environment in which il operates change with lime. Therefore, the reserves policy will be reviewed periodically. The amount held in reserves will also monitored during the year as part of the charity's budgelary processes. Unrestricted reserves al 31 December 2024 amounted to £577,801 12023.. £799,403). a significant part of which is earmarked for next yearfs operating costs.
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont 6. Structure. Governance and Management The Sociological Review Foundation is a charitable company limited by guarantee incory)orated 2014 and registered as a charity 2015. Its main source of income is profits generated by ils wholly owned subsidiary trading company, the Sociological Review Publication Limited, which owns the Sociological Review Journal (published by SAGE Publishing). Profits from royalties are gift-aided to the Sociological Review Foundation. The affairs of the charity are managed by a governing body of Trustees. Trustees are appoint&1 al General Meetings. Members of the Sociological Review Foundation consist of.. Current Trustees111 trustees as of 1 September 2025) Former Trustees and Members of the Sociological Review Editorial Board as long as they sign the membership application form and attend the AGM. Membership is for one year and needs to be renewed at each AGM otherwise it expires automatically 19 members in total as of August 2025 (excluding Trusleesl 2Q23-2024 Go mance Review In line with Charity Cornmission guidance for charities with a connection to a non-tharity, and additional legal advice, the Sociological Review Foundation undertook a comprehensive review of its govemance structure in 2023 to understand the legal and regulatory framework for how it should interact with and have oversight over its wholly-owned subsidiary, the SRPL, The outcome of the review was approved by the Trustees in18te 2023 and came into effect in March 2024,. il includes.. The revised SRPL Articles of Association give the Foundation a sole power to appoint and remove directors: specify that Foundation trustees should sit on the SRPL Board of Directors: include provisions on member decision making,. and include conflict of interest provisions lo address the cross-over between the Foundation and SRPL boards. A Framework A reement sets out how the Foundation works and shares resources with the SRPL, including compliance with Foundation policies and procedures,. the make-up of the SRPL Board of Directors., reporbng requirements,. and provisions on data sharing. A Scheme of Del ation details the SRPL matters that require approval by the Foundation. Procedure for the 8 ointment of new truste Article 29.. The minimum number of Trustees is 5 and the maximum number of Trustees is 12. Articles 3541 of the Articles of Association (entitled Appointment of Trustees) stale.. Trustee5 may appoint a person who is willing to be a Trustee. A Trustee appointed in this way must retire at the next annual general meeting The charity may by ordinary resolution appoint a person who is willing to act to be a Trustee No person other than a Trustee retiring by rotation or a UK Appointee may be appointed a Trustee al any general meeting unless he or she is recommended for re-election by the Trustees or proposed by a Member 14-35 days before the AGM Keele University is entitled al all limes to appoint one Trustee Members must be given 7-28 days. notice of a resolution to apF)oinl a Trustee at the AGM tee induction and trainin The Sociological Review Foundation recognises that an effective Board of Trustees is essential for the charity to achieve its objects. The Board musl have available to it the knowledge and skills required to run the charity and to rneet the deadlines and regulations set by HMRC, Companies House and the Charity Commission. Individual trustees musl have sufficient knowledge. both of trusteeship in general and of the Charity's activities, lo enable them to carry out their tole.
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont The Chair of Trustees and the Operations Director ensure that newly appointed Trustees are provided with key documents within one week of their appointment, including.. The Articles of Association The Essential Tmste6 ICC3) ConlFicts of Interest Policy Dala Protection Policy Risk Policy Social Media & Crisis Communication Policy ReseNes Policy strategK Plan and the Busin8ss Plan Expens& Claims Policy Complaints Policy and Procedure Equality, DIVeIlY and Inclusion Poli¢y The Chair of Trustees and the Operations Director from tirn8 to time organise a training session on the general duties and responsibilities of ¢harity Trustees. 8nis8tion and f uenc ofme in Trustees meet formally three to five limes per year. The November meeting takes place after the AGM and includes the election of the Chair. All meetings are serviced and minuted by the Operations Director. In beleen formal Board meetings, Trustee5 communicate regularly via email, facilitated by the Operations Director who obsetves deadlines and coordinates any important tasks in liaison with the Chair of Trustees and the Chief Executive. Risk mana emen The thiological Review Foundation, risk poly describes the principles and procedures for identifying, assessing, managing and monitoring risks. The risk policy helps Trustees to identify major risks and decide how to respond to them. Trustees review the pollcy gularlY, Ire-} assess the risks and plan for their management. The policy was18St updated in August 2025. Some Board members have not served as Trustees elsewhere previousty. A risk arising from this fact is that Trustees may lack the skills required lo steer the charity and lo observe the deadlines and regulations set by HMRC, Companies House and the Charity Commission. Recognising these risks, Trustees have pul measures in place to mitigate them. An induction policy for new trustees was developed, and a conflict-of-interest policy, risk policy, reseNes policy, social media poli¢y, EDI policy, and complaints policy are in place to guide the Trustees. Trustees regularly lake legal and professional advice lo ensure compliance on legal, financial and contractual matters. Our 2024-29 strategic plan and annual business plan ensure that our long- and short-term objectives are met. The income of the Foundation comes from the business activ(cies of its subsidiary tmding ¢ompany, the Sociological Review Publication Limited, which owns the Sociological Review Journal. SRPL'S profit from royalties is gift-aided to the Foundation. Trustees recognise that a decrease in SRPL'S profits (whether due to mismanagement or changes to academic publishing) would have a serious impact on the charitable activities of the Foundation. To mitigate this risk, the Edilor4n-Chief of the Sociological Review Joumal is required to regularly report lo the Trustees. The development of fundraising activities (see above) also serves the purpose of miligaling financial risks. nd diversit In line wrth its commitment to ensuring equality of opportunity or treatment, the Scciological Review Foundatr'on's Equality, Diversity & Inclusion Policy details the appropriate measures to monitor and evaluate how it is meeting its commitment in relation to all activities, including events and the award of conference, travel and accommodation bursaries. We collect infomialion related lo equalrty & diversity on a voluntary basis. in line with our Privacy Notice and Data Protection Policy. Any data collected is strictly confi'dential, anonymised and analysed in-hous&.
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont Our 2020 report on equality, diversrty and inclusion contained a number of recommendations with regards to equality, diversity and inclLJsion in three key areas of our aclrvities". events (delegates, speakers, bursaries), employment (Contracts and recruilmentl and The Sociological Review Journal ledttorial board composition, authors and reviewers). Most of these recommendations were implemented during 2020 and 2021. Our monitoring, evaluating and leaming IMELI framework enables us to systematically gather feedback from participants in our events and initiatives. in sine with our Privacy Notice. The Trustees confirm that they have had regard to public benefit guidance issued by the Charity Commission in considering the activities of, and future plans for, the charity- 7. Admlni6trative Informatlon Tmslees as of I S8 tember 2025 Rosemary Deem (Chairl Mark Featherstone Tom Dark Kat Jungnickel Karen O'Reilly steven Brown Karim MLJfJi Marie-Andrée Jacob (appointed on l 911112024) Aaron Winter (appointed on 19111120241 Les Back (appointed on 19111120241 Tom Genillard lappointed 22107120251 Senior Mana emenl Michaela Benson (CEO) Maria Bellocci IDeputy CEO} Attila Szanlo (Operations Director) Re istered addsS Kingston Burrowes 450a London Road Cheam SM3 8JB Auditors Kingston Burrowes 450a London Road Cheam SM3 8JB Banke Natwesl Icurrenl account) Santander (time deposlt account)
SOCIOLOGICAL REVIEW FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 1 cont 7. Trustees. responsibilities statement The trustees (who are also directors of Sociological Review Foundation Limited for the purposeg of ompany lawl are responsible for preparing the Trustees, Report and the financial slalemenls i accordance with applicable law and United Kingdom Accounting Slandards IUni18d Kingdom Generally ApIed Account'ng Praclicel. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees musl not approve the financial ststemenls unless they are sa115fied that they give a true and fair view of the state of affairs of the charitable company and of the incoming re50ur¢es and application of reSoUrs. including the income and expendrture, of the charitable company for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently.. obseNe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and estimates that are reasonable and prudent. slate whether applicable UK Accounts'ng Standards have been followed, subject to any material departures disclosed and explained in the financial slalements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 201%. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the pffvention and detection of fraud and other irregularities. In $0 far as the trustees are awaff.. there is no relevant audit information ofwhich the Charitab company's auditor is unaware and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information Audito A resolution to reappoint as Auditors Messrs. Kingston Burrowes, 450a London Road, Cheam SM3 8JB, will be put to the Members at the Annual General Meeting. Exem tion Statement The Trustees, Report has been prepared in accordance wllh the special provision of Part 15 of the Companies Act 2006 relating to small companies. On Behalf of the Trustees 3-1 Rosemary Deem, Trustee Dale.. 22 September 2025
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE: SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital Registered Charily No.. 1161961 Opinion We have audited the financial statements of Sociological Review Foundation Limited Ithe 'charitable company'} for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balan Sheet and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their prep8ration is applicable law and United Kingdom Accounting Standards, including Financial Reporh'ng Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting practi}. In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 Decemb8r 2024 and of its incoming sourceS and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the reqUIrnents of the Companies AGt 2006. Basis for opinlon We wnducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of OUT report We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial statements the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financlal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the ftnancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condilions that, individually or collectively, may cast significant doubt on the charitable company's ability lo ¢ontinue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our reswnsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this reFX)rt. other infom)atlon The trustees are responsible for the other infotrnation. The other information comprises the information included in the trustees, annual report. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheiSe explicitly stated in our report, we rjo not express any form of assurance conclusion thereon. In connection wrth our audit of the financial siatements, our responsibility is to rea(J the other information and. in doing so, consider whether the other infomialion is materially incon51Stent with the ftnancial slalemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstalemenl of this Other information, we are required lo report that fact. 10
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE: SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital Registered Charity No.. 1161961 l..Cont'd We have nothing to reFX)rt in this regard. Oplnlons on other matters prescTibed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared Is consistent with the financial statements,. and the directors, report has been prepared in accordance with appllcable legal requirements. Matters on which wo are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the Gourse of the audit. we have not identlfied malerial misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion". adequate accounting records have not been kept, or retLtms adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors, remuneration specifi.ed bylaw are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement lo prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsib5e for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing. as applicable. matters related lo going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Audito$ responslbllitles for the audit of the financial slatemgnt$ Our objectives are to obtain reasonable assurance about whether the financi81 statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in aGcordance with ISAS (UK) will always delect a material misslalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users taken on the basis of these financial statements.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE: SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital Registered Charity No.. 1161961 l..Cont'd Iwularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed low.. Enquiry of management and those Charged with governance about actual and potential litigation or claims and the idenlificalion of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance wth applicable laws and regulations. Auditing the risk of management override of controls, including testing joumal entries and other adjustments for appropriateness. Performing analytical procedures to identify any unusL¢al or unexpected relationships that may indicate risks of material misstatement due to fraud. Professional sceplicism in course of the audit and with audit sampling in material audit a8$. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misslatement in the financial statements or non<ompliance with regulation. This risk increase5 the more that compliance with g law or regulation is removed frorn the events and transactions refleed in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraLJd involves intentional concealment, forgery. collusion, omission or misrepresentslion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.fr¢.org.uklauditorsresponsibilities. This description fomis part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stale to them in an auditor's report and for no other purpose. To the fublest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. Kevin Fisher BA FCA CTA (Senior Statutory Auditor) For and on behalf of Kingston Burrowes Audrt Ltd 308 Ewell Road, Surbilon Surrey. KT6 7AL 22 September 2025 12
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital STATEMENT OF FINANCIAL ACTIVIT5ES (Including income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024 Notes 2024 23 INCOME: Donations and legacies Other income Bank deposit interest 130,492 10,975 10,396 205,360 3,050 1,936 Total Income 151,863 210,346 EXPENDITURE: Raising funds Charitable activities 11,792 361,673 311,438 Total expenditure 373,465 311,438 Net (Expenditure) and net movement in funds {221,602} {101,0921 Total funds brought forward 799,403 900,495 Total funds ¢arrled fop•vard £577,801 £799,403 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. All the above relate to unrestricted funds. The notes on pages 15 to 19 fomi part of these Financial Statements 13
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 Fixed assets Computer equipment Investments 471 25,000 10 25,000 25,000 25,471 Currentassets Debtors Cash al Bank 11 134,313 426,468 143,976 637,910 560,781 781,886 Liabilities Creditors.. Amounts falling due within one year 12 7,980 7,954 Net ¢urrent assets 552,801 773,932 Net assets £577,801 £799,403 The funds of the Charity Unrestricted income funds £577,801 £799.403 These Financial Statements have been prepared in a¢cordance wÉth the special provisions of Part 15 of the Companies Act 2006 relating to sm811 companies. Approved by the Board of Directors on 22 September 2025 and signed on its behalf by.. 31£5 Rosemary Deem Director The notes on pages 15 to 19 form part of these Financial Statements 14
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting Policies The principal accounting policies adopted. judgements and key SOuS of estimation uncertainty in the preparation of the financial states are as follows: a) Basis of Preparation The charity constitutes a public benefit entty as defined by FRS 102, The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Pra¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the fvnctional ¢urrency of the charity. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all years presented unless otheiSe st*d. b) Income recognition policies Items of income are recognised and included in the accounts when all of the following crrteria are met.. The charity or its subsidiary have entilement lo the funds., Any performance conditions attached to the rtem(sl of income have been met or are fully within the control of the charity or ils subsidiary. There is sufficient certainty that reIpt of the income is considered probable,. and The amount can be measured reliably_ c) Fund accountirRg Unrestricted funds are available to gpend on activities that ftjrther any of the purposes of charity. Designated fvnds are unrestricted funds of the charity, which the trustees have decided at their dIretIon to set aside lo use for a specific purpose. Reslrieted funds are those funds which can only be used in accordance with the wishes of the dorsor Of which have been raised for a particular purpose. d) Expenditure and ia0ver8b1e VA T Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of research fellowships, conferences, seminars, symposia and other educational activities undertaken lo further the purpose of the charity and their assiKiated support costs. Irrecoverable VAT is charged as a cost 4ainst the activity for which the expenditure was incurred. 15
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontd &. Allocat of support costs Support costs (including governance) are those functions that assist the work of the charity bul do not directly undertake charitable activities. These costs have been allocated lo expenditure on charitable activities. f. cdItOrS 8ndpn)visions Creditr)rs and provisions are recognised where the Gharity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally re¢Ill5ed al their settlement amoLtnl after allowing for any trade discounts due. g. Pen&on Gosts The charity operates a defined contribution pension scheme. Employer's Contributions payable for the year are charged to the Statement of Financial Activities. Legal status of the charlty The charty is a company limited by guarantee (Company No.. 090447741 and has no share capital. The liabillty in respect of the guarantee is limited lo £10 per member. The company is registered charity No.. 1161961 and thus has no liabiltty for Income Tax, Capital Gains Tax or Corporation Tax on its charitsble activities. Donations and Legacles 2024 2023 Donation- SociologKal Review Publication Limited (Note 151 Other donations 128,552 1,940 205,360 £130,492 £205,360 All of the £130,492 {2023'. £205,360} recognised in the year related lo unreslricted funds. 4. Other Income Merchandise sales and event income £10,975 £3,050 All of the £10.97512023.' £3,050} recognised in the year related tr> unrestricted funds. 6. Cost of raising Funds staff costs Deputy CEO fees 2,392 9.400 £11,792 £Nil All of the £11.79212023,. £Nill expended in the year related to unrestricted fvnds. 16
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontd... Charltsble a¢tlvltles 2024 2023 Direct ¢osts CEO Fees SR Fellowships Conference, Symposium and seminar costs Project costs Grants and conference support Website, Digital strategy & Communication Magazine Merchandising 6,035 44,180 70,922 101,631 1,830 83,849 34,175 3,240 42,639 36,951 91,123 84,801 26,527 1,730 345,862 283,771 Support Costs Legal & professional Team meeting and venue hire Costs Office costs Insurance Bank charges Depreciation Governance". Audit fee Trustee travel expenses Annual report 6,019 2,038 781 468 549 471 17,390 1,574 129 576 517 1,097 2,772 963 1,750 2,640 1,244 2,500 £361.673 £311,438 All of the £361,67312023'. £311,438) expended in the year relates to unreslricled funds. Net income for the year 2024 202 This is stated after ch8rging'. Auditors Fees - Audit services Non-audil services £2,772 £Nil £2,640 £Nil 8. Staff costs 2024 2023 Wages and salaries Social security costs Pension costs 169,708 2,456 3,569 127,428 5,288 2,697 £175,733 £135,413 No employee received emoluments of more than £60,000 during 2024 or 2023. The average monthly number of fvll-lime equivalent employees during the year was 412023.. 51. Total employment benefits received by key management amounted lo £15,435 {2023- £Nill. 17
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontd... Tangible Fixed Assets Computer and offi Equipment Cost Balance at 1 January 2024 Additions 4,911 Balance at 31 December 2024 4,911 Depreciation Balance at l January 2024 Change for year 4,440 471 Balance at 31 Dember 2024 4,911 Net Book Value As al 31 December 2024 £Nil As at 31 December 2023 £471 10. Investment In trading Subsldlary The investment in the trading subsidiary repentS a 100tyA holding, at cost, in Sociological Review Publication Limited, a company incorporated in England and Wales. 11. Debtors 2D24 2023 Prepayrnents Charitable payment due from subsidiary 5,305 129,008 16,688 127,288 £134,313 £143,976 12. Creditors: Amounts falling due wlthln one year 2024 2023 Other Creditors Accruals 5,208 2,772 1,763 6,191 £7,980 £7.954 18
SOCIOLOGICAL REVIEW FOUNDATION LIMITED A company limited by guarantee and not having a share capital NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Icontd... 13. Trustees, remuneration and expensès No Trustees received any remuneration during the year or the previous year_ Travelling expenses teimbursed lo 612023: 61 Trustees totalled £963 {2023'. £1,244). 14. Future financlal commitments At 31 December 2024 the charity had agreed to provide sponsorship and fellowships as follows.. 2024 2023 Current commitments entered into by the Trustees Research fellowships £59,325 £44.180 15. Related Party Transactlons The charity has a wholly owned trading subsidiary, whi¢h is incorporated in the UK.. the Sociological Review Publication$ Limited, which prodUS the Sociological Review Journal and Monographs and transfers all of its taxable profits to the charity under a Deed of CovenanL A summary of their trading results is shown below.. 2024 2023 Turnover Interest received Less.. Overheads 227,756 8,942 1108,146} 295,410 10,042 1100,0921 Net Profit Charitable covenant payment 128,552 128,552 205,360 205,360 ss.. Taxation ILoss} I profil for year Retained in Subsidiary blf Retained in Subsidiary cm £Nil £Nil Net Assets al 31 December 2024 £25,000 £25,000 19