2022-12-31-accounts - The Modern Law Review Limited

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				Page
Reference and administrative		details ofthe charity, its trustees	and advisers	1-2
Trustees' report				3-7
Independent auditors'	report	on the financial statements		8-11
Statement offinancial	activities			12
Balance sheet				13
Statement ofcash flows				14
Notes to the financial	statements			15-24

University	of Glasgow	of Glasgow	The Future of Proprietary	The Future of Proprietary	The Future of Proprietary	Estoppel	after Guest v Guest
University	of Leicester		The Universal Declaration			of Human Rights: 75th Anniversary
University	College London		Queering Private Law
University	College London		The Labour and Social Security Rights of				Captive Workers
University	of Northumbria		Sexual Autonomy,	Identity,		and Protection	in Adult Care Settings
Scholarships:		The following	students were awarded		scholarships to support their doctoral research			in the
academic	year	2022-23:
Cambridge			Anna Lukina
Cambridge			Ori Pomson
Cambridge			Forest Yu
Edinburgh			Pravar Petkar
Edinburgh			Ruby Reed-Berendt
Glasgow			Zihao Li
Kent			Anamika Misra
Kent			Gee Semmalar
KCL			Mara Wendebourg
LSE			Jacob van de Beeten
Oxford			Aradhana Cherupara		Vadekkethil
Oxford			Aleksandra Kobyasheva
Oxford			Monica Arango Olaya
Oxford			Anna Williams
QMUL			Lilit Nagapetyan
SOAS			Leonie Clarke
UCL			Anna Stelle

				Unrestricted	Total	Total
				funds	funds	funds
			Note	2022f	2022 F	2021
Income from:
Charitable activities				146,956	146,956	170,810
Investments				18,198	18,198	13,317
Total income				165,154	165,154	184,127
Expenditure on:
Charitable activities				145,304	145,304	147,336
Total expenditure				145,304	145,304	147,336
Net income before net (losses)/gains		on
investments				19,850	19,850	36,791
Net (losses)/gains	on investments			(122,075)	(122,075)	115,271
Net movement in	funds			(102,225)	(102,225)	152,062
Reconciliation of	funds:
Total funds brought	forward			1,308,051	1,308,051	1,155,989
Net movement in funds				(102,225)	(102,225)	152,062
Total funds carried forward				1,205,826	1,205,826	'/,308,051

				2022f	2021
Cash flows from operating	activities
Net cash used in operating	activities			(11,764)	(21,239)
Cash flows from investing	activities
Income from investments				18,198	13,317
Purchase of investments				(18,196)	(13,317)
Net cash provided by investing activities
Change in cash and cash	equivalents	in	the year	(11,762)	(21,239)
Cash and cash equivalents	at the beginning		ofthe year	123,046	144,285
Cash and cash equivalents	at the end	of	the year	111,284	123,046

	Unrestricted	Total	Total
	funds	funds	funds
	2022f	2022f	2021
Income from listed investments	18,196	18,196	13,317
Bank interest receivable	2	2
	18,198	18,198	13,317

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
				F
	Scholarships granted			72,500	72,500	91,000
	Wedderburn prize			750	750	750
	Seminar costs awards			16,638	16,638	9,210
	Seminar costs awards	prior year over required		(3,956)	(3,956)	(31,076)
	Secretarial services			10,000	10,000	10,000
	Administration costs			17,916	17,916	17,208
	Production assistance			13,671	13,671	16,545
	Bronze open access			9,600	9,600
	Early career workshop			3,430	3,430
	Contribution towards	editorial costs		(20,000)	(20,000)	(12,991)
	Journal publishing costs share					14,231
	Annual dinner 8 Chorley lecture			11,615	11,615	17,536
	Website design and development			1,450	1,450	1,582
	General expenses			538	538	428
	Bank charges			137	137	42
	Legal and professional	fees		3,750	3,750	8,450
	Governance costs (see note 7)			7,266	7,266	4,421
				145,305	145,305	147,336
7.	Governance costs
					2022	2021
	Auditors' remuneration				3,850	3,650
	Auditors' remuneration	for non-audit	services		3,150	700
	Committee members	expenses			266	71
					7,266	4,421

2022f	2021
87,848	78,742

								Balance at
			Balance at 1					31
			January				Gains/	December
			2022f	Income f	Expenditure	f	(Losses)f	2022f
Unrestricted		funds
General	Funds		1,308,051	165,154	(145,304)		(122,075)	1,205,826
Statement offunds - prior year
								Balance at
			Balance at					31
			1January				Gainsr	December
			2021	Income	Expenditure		(Losses)	2021
Unrestricted		funds
General	Funds		1,155,989	184,127	(147,336)		115,271	1,308,051

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2022f	2022
Tangible fixed assets	400	400
Fixed asset investments	1,036,623	1,036,623
Current assets	256,651	256,651
Creditors due within one year	(87,848)	(87,848)
Total	1,205,826	1,205,826

Analysis of net assets between funds - prior year
	Unrestricted	Total
	funds	funds
	202'l	2021
Tangible fixed assets	400	400
Fixed asset investments	1,140,502	1,140,502
Current assets	245,891	245,891
Creditors due within one year	(78,742)	(78,742)
	1,308,051	1,308,051

			2022f	2021
	Net income/expenditure for the year (as per Statement	of Financial
	Activities)		(102,225)	152,062
	Adjustments for:
	Losses/(gains) on investments		122,075	(115,271)
	Dividends and interest from investments		(18,198)	(13,317)
	Decrease/(increase) in debtors		(22,522)	5,075
	Increase/(decrease) in creditors		9,106	(49,788)
	Net cash used in operating activities		(11,764)	(21,239)
18.	Analysis ofcash and cash equivalents
			2022f	2021
	Cash in hand		111,284	123,046
	Total cash and cash equivalents		111,284	123,046
19.	Analysis ofchanges in net debt