## 

|||`Page`|
|---|---|---|
|`Report of the Trustees`|`1`|`to 2`|
|`Independent Examiner's Report`||`3`|
|`Statement of Financial Activities`||`4`|
|`Balance Sheet`|`5 `|`to 6`|
|`Notes to the Financial Statements`|`7 `|`to 12`|
|`Detailed Statement of Financial Activities`|`13 `|`to 14`|





## 

## 

## 

## 






## 

## 

## 


## 

## 



## 

|||`31.5.25`|`31.5.24`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|`INCOME AND ENDOWMENTS FROМ`||||
|`Donations and legacies`||`4`|`90`|
|`Charitable activities`||||
|`Direct charitable income`||`132,102`|`117,330`|
|`Other trading activities`|`2`|`162,302`|`181,188`|
|`Investment income`|`3`|`10,057`|`11,475`|
|`Total`||`304,465`|`310,083`|
|`EXPENDITURE ON`||||
|`Charitable activities`|`4`|||
|`Direct charitable expenditure`||`313,635`|`334,895`|
|`Direct charitable income`||`13`||
|`Total`||`313,648`|`334,895`|
|`Net gains on investments`||`11,638`|`184`|
|`NET INCOME/(EXPENDITURE)`||`2,455`|`(24,628)`|
|`RECONCILIATION OF FUNDS`||||
|`Total funds brought forward`||`364,641`|`389,269`|
|`TOTAL FUNDS CARRIED FORWARD`||`367,096`|`364,641`|





## 

||`Balance Sheet`|||
|---|---|---|---|
||`31 May 2025`|||
|||`31.5.25`|`31.5.24`|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`||
|`FIXED ASSETS`||||
|`Tangible assets`|`8`||`266`|
|`Investments`|`9`|`181,646`|`170,008`|
|||`181,646`|`170,274`|
|`CURRENT ASSETS`||||
|`Debtors`|`10`|`13,244`|`27,568`|
|`Cash at bank`||`177,486`|`169,439`|
|||`190,730`|`197,007`|
|`CREDITORS`||||
|`Amounts falling due within one year`|`11`|`(5,280)`|`(2,640)`|
|`NET CURRENT ASSETS`||`185,450`|`194,367`|
|`TOTAL ASSETS LESS CURRENT`||||
|`LIABILITIES`||`367,096`|`364,641`|
|`NET ASSETS`||`367,096`|`364,641`|





## 

## 




Society of ￿£¥1 S¢holars In the United
Kingdom and Ireland
Notes to the Financial Ststements
forthe Year Ended 31 May 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial stateinents of ihe cliarity, which is a public benefit entity under FRS 102, have been prepared in
accordanct witli the ChariEies SORP (FRS 102) 'A¢¢ouniing and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financi01
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effe¢iive l January 2019),.
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ir¢land' and the Charities Act 2011. The finaiicial statements have been prepared under the historical cost
convention, with the exception of invcstments wliich are included at market value. as rnodified by th¢
r¢valuation of c¢rtain assets.
Income
All income is recognised in tl)e StateiT)ent of Financial Activities once the charity h&s entitlement lo the fund&
il is probable that the income will be received and the amouni Can be measuTed reliably.
Expenditure
Liabilifies are recognised as expenditure &s soon ag there is a legal or ¢onstructive obligation committing the
chaTity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. ExpendÉture is accounted for on an accruals basis and
ha5 been classified under headings that aggregate all ¢osi related io the category. Where costs cannot be
directly attributed to particular headings they have been allocated Éo activities on a basis consistent with the
use of resouTce5.
Tangible fixed assets
Depreciation is PTovided at the following annual rates in order to write off each asset over its estimat¢d us¢fitl
life.
Computer equipment
331J/o on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with ihe chariiable objectives at the discretion of the trusiees.
Re51riGted fund5 can only be used for particular restrict¢d purposes within Ili¢ obje¢ls of the charity.
Restrtctions arise when specified by the donor or when funds are raised for partieular restricted purposes.
Investments
Investments are ¢arried in the balance sheet at market value.
The ststemcnl of recognised gain5 or105ses includes gains and losses on the revaluation of investments.
Page 7
continued...

Society of Legal Schol8r$ in the United
KSllgdom and Ireland
Notes to the Financial StatemeDts- continued
for the Year Ended 31 May 2025
OTHER TRADING AcfivITIES
31.5.25
31.5.24
Conference
162,302
181.188
INVESTMENT INCOME
31.5.25
31.5.24
Deposit account inleiest
Dividends
759
9,298
2,643
8,832
10.057
11.475
CHARITABLE AcrivrriES cogrs
Direct
Costs (see
note 5)
Support
costs
Totals
Direct charitable expenditure
Direct charitable income
299,428
13
14207
313,635
13
299,441
14,207
313,648
DIRECT cosrs OF CHARITABLE ACTIVITIES
31.5.25
31.5.24
Joumals
Adtninistralion
Postage and stationery
Insurance
Sundries
Seminars
President's reception
Conferen¢e costs
Rese4r¢h activities fund
Business meetings
SLS priles
Website
Small projects and events fund
Archiving and storage
Subscriptions
13.631
31,358
645
611
13
8,307
6,005
153,532
43,871
3,691
3.600
10.070
23,355
8,436
30.838
837
1,096
9.029
5,282
185,408
31,405
3,306
2.600
17,921
23,699
743
486
Carried forward
299,175
320,600
Page 8
¢ontinuod...

Society of Legal Scholars in the United
KIHgdom And Ireland
Notes to the Financial Ststements- ¢ontinued
for thc Year Ended 31 May 2025
DIRECT COSTS OF CHARITABLE ACTIVITIES- continued
31.5.25
31.5.24
Brought forward
Depreciation
299,175
266
320.600
356
299,441
320.956
TRUSTEES. REMUNERATION AND BENEFITS
Ther¢ were no trustees, remuneration or other benefits for the y¢ar ended 31 May 2025 nor for the year ended
31 May 2024.
Trus¢ees' exponses
There were no tru5tee5' expenses paid for the year ended 31 May 2025 nor for ihe year ended 31 May 2024.
COMPARATIVES FOR THE STATEMENT OF Fll¥ANCIAL ACTIVITIES (2021122)
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
90
Charitable activities
Direct charitable income
117,330
Other Irading activities
Inv¢sbnent income
181,188
11,475
Total
310,083
EXPENDITURE ON
Charitable activities
Direct charitable expenditure
334,895
Net gains on investments
NET INCOMEI(EXPENDITURE)
(24,628)
RECONCILIATION OF Fuf4DS
Total funds brought forward
389,269
Page 9
continued...

Society of Legal Seholar$ iD the United
Kingdom 2nd Ir¢lalld
Note5 to the Financial Statements- Continued
for the Year Ended31 May 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2021r22)- eontinued
Unrestricted
fund
TOTAL FUNDS CARRIED FORWARD
364,641
TANGIBLE FIXED ASSETS
Computer
equipment
COST
At l June 2024 and 31 May 2025
1,067
DEPRECIA TION
At l JiiD¢ 2024
Charge for year
801
266
At 31 May 2025
1,067
NET BOOK VALUE
At 31 May 2025
At 31 May 2024
266
FIXED ASSET INVESTMENTS
Lisl¢d
investments
MARKET VALUE
At l June 2024
Revaluations
170.008
11,638
At 31 May 2025
181,646
NET BOOK VALU
At 31 May 2025
181.646
At 31 May 2024
170,008
There were no investment assets outside th¢ UK.
Pag¢ 10
continued...

Society of Legal Scholars in tbe United
Kingdom and Ireland
Notes to the Finan¢ial StateJnents- eoNtinued
for the Year Ended 31 May 2025
io.
DEBTORS: AMouNfs FALLING DUE wrrHIN ONE YEAR
31.5.25
31.5.24
Trade debtors
Other debtors
Prepaymenrs
12,758
27,555
13
486
13,244
27,568
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25
31.5.24
Other creditors
5,280
2.640
12.
OVEMENT IN FUNDS
Nel
movement
in funds
At
31.5.25
At 1.6.24
Unrestricted funds
General fund
364,641
2,455
367,096
TOTAL FUNDS
364.641
2,455
367.096
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
UDrestricted funds
General fund
304.465
{313.648)
11,638
2.455
TOTAL FUNDS
304.465
(313.648)
11.638
2,455
Pagell
conlinu¢d...

Society of LAgal Scholars In the Unlted
Kingdom and Ireland
Notes to the Financial Ststements- continued
for the YeaT Ended 31 May 2025
12.
MOVEMENT IN FUNDS- ¢ontinued
CompaTatlV¢5 for movement in funds
Net
rnovement
in funds
Ai
31.5.24
At 1.6.23
Unrestricted funds
General fund
389,269
(24,628)
364.641
TOTAL FUNDS
389,269
(24,628)
364,611
Comparative net moveinent in funds, included in the above are as follows..
Incoming
resources
Resourees
exFended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
310.083
(334,895)
(24,628)
TOTAL FUNDS
310,083
(334,895)
184
(24,628)
13.
RELATED PARTY DISCLOSURES
Tliere were no related party transactions for tl)e year ended 31 May 2025.
Page 12

Society of Ikggj Scholars in the United
Kingdom and Ireland
Detailed Statement of Finlncsal Activities
for tbe Year Ended 31 May2025
31.5.25
31.5.24
INCOME AND ENDOWMENTS
Donations and legacies
S¢JninaTS- Royalties
Other trading activities
Confer¢nc¢
162,302
181,188
Investment income
Deposit account interest
Dividend5
759
9.298
2,643
8,832
10,057
11,475
Charitable activities
Subseriptions- metnbeTS
Legal studies
Reportersfjoumals
Advertising
84,744
45,963
900
495
104,865
11,069
900
496
132,102
117.330
Tot*1 incoming resourees
304,465
310,083
EXPENDITURE
Charitable activities
Journals
Administration
Postage and stationery
Insuranc¢
Sundrie5
Seminars
PTesident5 reception
Conference costs
Research activities fund
Business medings
SLS prizes
Carried forward
13,631
31.358
645
611
13
8,307
6,005
153,532
43.871
3,691
3,600
265,264
8.436
30.838
837
1,096
9,029
5.282
185,408
31.405
3,306
2,600
278,237
This page does not fortn part of the statutory financial statements
Page 13

Society of t&gal Scholars in the United
Kingdom and Ireland
Iktailed St4tement of Financial Activities
for the Year Ended 31 May 2025
31.5.25
31.5.24
Charitable activitie5
Brought forward
Website
Small projects and events fund
Archiving and storage
Subseriptions
Computer equipment
265,264
10,070
23,355
278,237
17,921
23.699
743
486
266
356
299,441
320,956
Support costs
Governance eosts
Independent examiner's fee
Administrdtion
Bank charges
2,640
10,453
2,640
10,279
1,020
14.207
13,939
Totsl resources expended
313,648
334,895
Net expenditure before gains and losses
(9,183)
(24,812}
Realised recognised gains and lo$$es
Realised gains/(losses) on fixed asset
investments
11,638
184
Net ineom¢l(eyp¢Ddlture)
2,455
(24.628)
This page does not fom) part of th¢ ststutory financial slaiemenfs
Page 14