##
|REGISTERED COMPANY NUMBER:|02460330||
|---|---|---|
|CHARITY REGISTRATION NUMBER:|1020068||
|COUNCIL OF MANAGEMENT:|Nina Roth (Chair)||
||David Bent-Hazelwood||
||Aine Clarke||
||Ivana Gazibara||
||Aaron
Hay||
||Richard Howitt||
||Rebecca Kong||
||Camilla
Parke||
||Vaidehee Sachdev||
||Frances Way||
|CHIEF EXECUTIVE OFFICER:|Peter Webster||
|COMPANY SECRETARY:|Lisa Stonestreet||
|REGISTERED AND PRINCIPAL OFFICE:|The Foundry||
||17-19Ova I Way||
||London||
||SE115RR||
|AUDITORS:|Cocke, Vellacott|8 Hill|
||Chartered
Accountants||
||Unit 28 City Business Centre||
||Lower Road||
||LONDON SE162XB||
|BANKERS:|Unity Trust Bank||
||9 Brindley Place||
||4 Oozells Square||
||BIRMINGHAM B12HB||
|SOLICITORS:|Bates, Wells 5 Braithwaite||
||10Queen St Place||
||LONDON||
||EC4R 1BE||
|IMPACT INVESTING ADVISERS:|Sonnet Advisory|and Impact|
||45 Flitwick Road||
||Ampthill||
||Bedfordshire||
||MK45 2NS||
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||||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||Notes||f||E|
|Income|||||||
|Donations||3 (a)|||||
|Income from charitable
activities|||||||
|Contractual
research work||3 (b)|300,960|60,250|361,210|239,704|
|Investmentincome|||||||
|Bank and building society|interest receivable||10,602||10,602|1,954|
|Other income|||30,758||30,758||
|Total income|||342,320|60,250|402,570|241,658|
|Expenditure|||||||
|Costs ofraising funds|||||||
|Costs of raising donations|and grants||(67,186)||(67,186)|(10,458)|
|Expenditure
on charitable|activities||||||
|Grants payable|||||||
|Costs ofactivities
—research, publications,|||||||
|information,
provision ofseminars|||(600,772)|(60,250)|(661,022)|(462,058)|
|Total expenditure|||(667,958)|(60,250)|(728,208)|(472,516)|
|Net income/
(expenditure)|before gains and losses||||||
|on investments|||(325,638)||(325,638)|(230,858)|
|Net gains/ (losses) on investments|||||||
|Loss on revaluation
ofinvestments||12|(25,002)||(25,002)|(9,768)|
|Gain on sale ofinvestments||12|||||
|Net income/
(expenditure)|for the year||(350,640)||(350,640)|(240,626)|
|Net movements
in funds and|||(350,640)||(350,640)|(240,626)|
|net income/
(expenditure)
for the year|||||||
|Reconciliation
of Funds|||||||
|Total funds brought
forward||18|1,841,614||1,841,614|2,082,240|
|Total funds carried forward||18|1,490,974||1,490,974|1,841,614|
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||Notes|E||E||
|Fixed assets|||||||
|Intangible
assets||10|539|12,123|||
|Tangible assets||11|5,851|2,289|4,355|282|
|Investments||12|965,230|490,232|1,027,461|552,463|
|Total fixed assets|||971,620|504,644|1,031,816|552,745|
|Current assets|||||||
|Debtors||14|133,778|125,388|93,593|113,590|
|Cash at bank and in|hand||548,2&&|1,338,154|529,991|1,318,213|
|Total current assets|||682,066|1,463,542|623,584|1,431,803|
|Liabilities|||||||
|Creditors: Amounts
within one year|falling due|15|(152,584)|(121,465)|(93,730)|(85,332)|
|Net current assets (liabilities)|||529,482|1,342,077|529,854|1,346,471|
|Total assets less current liabilities|||1,501,102|1,846,721|1,561,670|1,899,216|
|Provision for other|liabilities||(10,128)|(5,107)|(10,128)|(5,107)|
|Net assets|||1,490,974|1,841,614|1,551,542|1,894,109|
|The funds ofthe charity|||||||
|Restricted income funds||18|||||
|Unrestricted
income funds||18|1,490,974|1,841,614|1,551,542|1,894,109|
|Total charity funds||18|1,490,974|1,841,614|1,551,542|1,894,109|
##
||||||Notes|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
|||||||f|E|E||
|Cash flows from operating|activities|||||||||
|Net income (expenditure)|for the year|||||(350,640)|(240,626)|(342,567)|(232,101)|
|Adjustments
for:||||||||||
|Interest received||||||(10,602)|(1,954)|(10,602)|(1,954)|
|Amortisation
ofintangible|assets||||10|11,584|11,584|||
|Depreciation
oftangible assets|||||11|3,092|1,035|2,459|1,035|
|Net losses on investments|||||13|25,002|9,768|25,002|9,768|
|(Decrease) Increase
in provision|||for other|liabilities|16|5,021|(4,806)|5,021|(4,806)|
|(Increase) decrease
in debtors|||||14|(8,390)|(85,625)|19,997|(84,774)|
|(Decrease) increase
in creditors|||||15|31,119|(16,431)|8,398|(24,552)|
|Net cash (outflow) inflow|from|operating||activities||(293,814)|(327,055)|(292,292)|(337,384)|
|Cash flow from investing
activities||||||||||
|Purchases ofintangible
assets|||||10|||||
|Purchase offixed asset equipment|||||11|(6,654)|(2,007)|(6,532)||
|Purchases ofinvestments|||||13|(500,000)|(500,000)|(500,000)|(500,000)|
|Interest received||||||10,602|1,954|10,602|1,954|
|Net cash provided
by investing||activities||||(496,052)|(500,053)|(495,930)|(498,046)|
|Net (decrease) increase in|cash|and cash||equivalents||(788,866)|(827,108)|(788,222)|(835,430)|
|Cash and cash equivalents|at the||beginning|ofthe|period|1,338,154|2,165,262|1,318,213|2,153,643|
|Cash and cash equivalents|at end ofperiod|||||548,288|1,338,154|529,991|1,31S,213|
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted
f|Restricted
f|2023|2022f|
|CHRB Human|Rights Project||222,861||222,863|111,657|
|Social Influence||Map||60,250|60,250||
|Subsidiaries|projects||78,099||78,099|68,672|
|BHHRC||||||20,000|
|Consultancy||||||39,375|
|Total|||300,960|60,250|361,210|239,704|
##
##
|||2023
f|2022f|
|---|---|---|---|
|Costs of raising grants and donations||||
|Staff costs|(see note 8)|27,472|4,542|
|Governance|costs (see note 6)|3,504|404|
|Support costs (see note 6)||36,210|5,512|
|Total||67,186|10,458|
##
##
||||Grants|Research|||
|---|---|---|---|---|---|---|
||||payablef|projectsf|Total
f|2022f|
|Grants (see note below)|||||||
|Projects and|seminars|||107,037|107,037|56,470|
|Staff costs (see note 8)||||283,606|283,606|226,946|
|Website and|ITcosts|||23,876|23,876|1,992|
|Subscriptions|to publications|and services||9,389|9,389|7,255|
|Business travel||||10,173|10,173||
|Governance|costs (see note 6)|||63,641|63,641|33,376|
|Support costs (see note 6)||||163,300|163,300|136,019|
|Total||||661,022|661,022|462,058|
##
|ANALYSIS OF|SUPPORT AND G|OVERNANCE
COSTS|||||
|---|---|---|---|---|---|---|
||||Other|Governance|2023|2022|
||||support
f|related|Total
f|Totalf|
|Staff costs (see note 8)|||94,995|39,829|134,824|81,594|
|Legal and professional|||31,310|13,390|44,700|34,592|
|Audit fees||||4,920|4,920|5,292|
|Committee
expenses||||480|480|395|
|Meeting room and office rent||and service charges|21,514|2,293|23,807|11,928|
|Website and|ITcosts||12,852|2,250|15,102|14,476|
|Insurance|||6,024|225|6,249|3,678|
|Bank charges|||425|39|464|335|
|Memberships|||3,002|143|3,145|2,332|
|Training
and|other staff expenses||10,896|1,462|12,358|7,566|
|Subscriptions|to publications|and services|948|129|1,077|449|
|Sundry expenses|||4,553|300|4,853|55|
|Amortisation|ofgoodwill||10,194|1,390|11,584|11,584|
|Depreciation|||2,797|295|3,092|1,035|
|Total|||199,510|67,145|266,655|175,311|
|7.|NET INCOME (EXPENDI|TURE)|||
|---|---|---|---|---|
||||2023|2022|
||||f||
||This is stated after charging the following:||||
||Staff costs (see note 8)||313,082|313,082|
||Auditors'
remuneration|(inc. VAT)|||
||Audit fees||4,920|5,292|
||Accountancy
and general advice||5,040|5,280|
||Tax advisory services||300|300|
||Operating
lease rentals||13,177|9,337|
||Depreciation||3,092|1,035|
|8.|DIRECTORS AND EMPLOYEES||||
||||2023|2022|
||||f||
||Salaries and wages||372,974|260,114|
||Social security costs||37,309|28,234|
||Pension costs||35,619|24,734|
||||445,902|313,082|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Costs of raising funds (note 4)||||||
|Staff costs||||27,472|4,542|
|Governance|(note 6)|||2,463|546|
|Support costs (note 6)||||5,876|2,058|
|Expenditure|on charitable|activities|(note 5)|||
|Staff costs||||283,606|226,946|
|Other support costs (note||6)||89,119|69,686|
|Governance|(note 6)|||37,366|20,304|
|||||445,902|3l3,082|
|The average|number ofemployees||during the year was:|No.|No.|
|Administration||||||
|Research 5Project work||||||
|||||10||
##
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##
|The group||||
|---|---|---|---|
|||Goodwill|Total|
||||E|
|Cost at 1April 2022||34,751|34,751|
|Additions
during the year||||
|Cost at31March 2023||34,751|34,751|
|Accumulated
amortisation|at 1April 2022|22,628|22,628|
|Amortisation
for the year||11,584|11,584|
|Amortisation
at 31March|2023|34,212|34,212|
|Net book amount at 31March 2023||539|539|
|Net book value at31March|2022|12.123|12.123|
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Group|Charity||
||||Office||Office|
|||~eui|ment|~eui|ment|
|Cost at April 2022|||5,254||3,247|
|Additions
during the year|||6,654||6,532|
|Cost at 31March 2023||11,908|||9,779|
|Accumulated
depreciation|at1April 2022||2,965||2,965|
|Charge for the year|||3,092||2,459|
|Depreciation
at 31March|2023||6,057||5,424|
|Net book amount at 31March 2023|||5,851||4,355|
|Net book va/ue at31March 2022|||2,289||282|
##
##
|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
|The Group||||
||Other|2023|2022|
||Investments|Total|Total|
||E|E||
|At market value 1April|490,232|490,232||
|Additions|500,000|500,000|500,000|
|Disposals||||
|Net gain/(loss)
on revaluation|(25,002)|(25,002)|(9,768)|
|Market value at 31March|965,230|965,230|490,232|
##
|FIXEDASSET INVESTMENTS||||||
|---|---|---|---|---|---|
|The Charity||||||
||Other|Investment|in|2023|2022|
||Investments|subsidiaries||Total|Total|
||f||E|E||
|At cost at 1April||62,231||62,231|62,231|
|At market value 1April|490,232|||490,232||
|Additions
at cost|500,000|||500,000|500,000|
|Disposals||||||
|Net gain/(loss)
on revaluation|(25,002)|||(25,002)|(9,768)|
|Cost at 31March||62,231||62,231|62,231|
|Market value at31March|965,230|||965,230|490,232|
|Total investments|965,230|62,231||1,027,461|522,463|
|14.|DEBTORS||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023
f|2022f|2023|2022f|
||Trade debtors||77,658|50,994|40,204|41,263|
||Other debtors||3,291|3,041|3,291|3,041|
||Prepayments|and accrued income|52,829|71,353|50,098|69,286|
||||133,778|125,388|93,593|113,950|
|15.|CREDITORS: Amounts|falling due|
|---|---|---|
||within one year||
|within o|ne year||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group|Group|Charity|Charity|
||||||||2023|2022
f|2023
f|2022f|
|Trade creditors|||||||13,938|2,708|4,708|2,134|
|Taxation|and social security||||costs||381|817|||
|Other creditors|||||||16,900|16,741|15,983|15,220|
|Accruals|and deferred||income||||121,365|101,199|73,039|67,978|
||||||||152,584|121,465|93,730|85,332|
|Deferred|income||||||||||
|Deferred|income|included||above comprises||income received|in advance ofthe period of||commitment.||
||||||||Group|Group|Charity|Charity|
||||||||2023
f|2022
f|2023
f|2022f|
|Balance|as at 1April 2022||||||22,698|22,984|||
|Amount|released|to income|||from charitable|activities|(22,698)|(22,984)|||
|Amount|deferred|in year|||||44,282|22,698|||
|Balance|as at 31|March|2023||||44,282|22,698|||
|The Gro|up|and Charitable
Company||
|---|---|---|---|
||||Leave pay|
||||provisionf|
|Provision||at 1April 2022|5,107|
|Additions|||10,128|
|Utilised|in|the year|(5,107)|
|Provision||at 31March 2023|5,107|
##
##
##
|Analysis of|Group fund movements|||||
|---|---|---|---|---|---|
|||Balance|Income/|Expenditure/|Balance|
|||b/fwdf|(Gains)
f|(losses)
f|c/fwd
f|
|Unrestricted|funds|||||
|General income fund||1,841,614|342,320|(692,960)|1,490,974|
|Restricted funds|||60,250|(60,250)||
|Total funds||1,841,614|402,570|(753,210)|1,490,974|
|Analysis of|Charity fund movements|||||
|||Balance|Income/|Expenditure/|Balance|
|||b/fwdf|(Gains)
f|(losses)
f|c/fwd
f|
|Unrestricted|funds|||||
|General income fund||1,894,109|264,221|(606,788)|1,551,542|
|Restricted funds|||60,250|60,250||
|Total funds||1,894,109|324,471|(667,038)|1,551,542|
##
|ANALYSIS OF NET ASSETS BETW|EEN F|UNDS||||||
|---|---|---|---|---|---|---|---|
|||Group|Group|Total|Charity
Charity||Total|
|||General|Restricted|Group|General
Restricted||Charity|
|||funds|funds|funds|funds
funds||funds|
|||f|f||f|f|f|
|Intangible
assets||539||539||||
|Fixed assets||5,851||5,851|4,355||4,355|
|Fixed asset investments||965,230||965,230|1,027,461||1,027,461|
|Cash at bank and in hand||548,288||548,288|529,991||529,991|
|Other current assets||133,778||133,778|93,593||93,593|
|Creditors ofless than one year||(152,584)||(152,5&4)|(93,730)||(93,730)|
|Provisions for liabilities||(10,128)||(10,128)|(10,128)||(10,128)|
|Total||1,490,974||1,490,974|1,551,542||1,551,542|
|FINANCIAL COMMITMENTS||||||||
|Operating
leases||||||||
|The company
had the following|future|minimum|lease payments|under
non|—cancellable
operating|leases|for each o|
|the following years:||||||||
||||||2023||2022|
|Payments
due:||||||f|f|
|Land and buildings:-||||||||
|Not later than one year|||||27,633||11,204|
|Later than one year and not later|than|five years|||105,926||33,612|
|Total|||||133,559||44,816|
##
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|DETAILS OF CONS|OLIDATED SUBSIDIARIES|||||
|---|---|---|---|---|---|
|||Country of||Details of|Yo|
|Name ofcorn
an||~incor|oration|investment|held|
|Ethical Investment|Research Services|||||
|(EIRIS) USA|||USA|Membership|100ol|
|EIRIS Conflict Risk|Network||USA|Membership|100/0|
|The aggre|gate
amo|unt ofcapital and reserves at the year end a|nd profit or loss for the year for EIRIS|USA is as follow|
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Aggregate|amount|ofcapital and reserves|(1,123)|(2,388)|
|Profit / (loss) for the year|||3,511|(3,OS7)|
##
|2023|2022|
|---|---|
|f|E|
|Aggregate
amount ofcapital and reserves|
|---|
|Profit / (loss) for the year|