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2024-12-31-accounts

Company Registration Number: 02824893 Charity Registration Number: 1024948

THE CIVIL LIBERTIES TRUST

(A Company Limited by Guarantee)

EXECUTIVE COMMITTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE CIVIL LIBERTIES TRUST

CONTENTS

Page
Reference and Administrative Details of the Company, its Executive Committee and
Advisers 1-2
Trustees' AnnualReport 3-11
Independent Auditors' Report on the Financial Statements 12-15
Statement of Financial Activities 16
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Financial Statements 19-35

THE CIVIL LIBERTIES TRUST

REFERENCE AND ADMINISTRATION DETAILS OF THE COMPANY, ITS EXECUTIVE COMMITTEE AMD ADVISORS

FOR THE YEAR ENDED 31 DECEMBER 2024

Executive Committee Christina Blacklaws, Chair
Letitia Corinna Andrewartha, Treasurer
Baroness Jane Campbell
Nazmin Choudhury
Hannah Cox
Aidan Joseph Geary
Emma Higham
Thomas Holland
Alastair Livesey
Ian McDougall
Helen Moulinos (resigned 20 October 2024)
Pratheeban Nambyiah (resigned 17 June 2024)
Patricia Tuitt (resigned 18 September 2024)
Nicholas Turner
Company registered
number 02824893
Charity registered
number 1024948
Registered office Liberty House
26-30 Strutton Ground
London
SW1P 2HR
Company Secretary Jenny Beardsley (appointed 18 March 2024)
Martha Spurrier (resigned 18 March 2024)
Liberty Director Akiko Hart (from 31 January 2024, Interim Director 5 June 2023 to 31
January 2024)
Martha Spurrier (until 31 January 2024)
Independent Auditors MHA
Chartered Accountants and Statutory Auditor
6thFloor
2 London Wall Place
London
EC2Y 5AU

Page 1

THE CIVIL LIBERTIES TRUST

REFERENCE AND ADMINISTRATION DETAILS OF THE COMPANY, ITS EXECUTIVE COMMITTEE AMD ADVISORS CONTINUED

FOR THE YEAR ENDED 31 DECEMBER 2024

Bankers

Royal Bank of Scotland Natwest Group 1[st] Floor 440 Strand London WC2R 0QS

CAF Bank PO Box 289 West Malling Kent ME19 4TA Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW

Page 2

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees of The Civil Liberties Trust ( hereafter “CLT” or “the Charity”) present their report and audited financial statements for the year ended 31 December 2024.

The Board of Trustees confirm that the financial statements of the Charity comply with current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities (FRS 102)’.

MISSION AND VALUES

The Charity’s objects are:

1 To promote human rights (as set out in the Human Rights Act 1998, the European Convention on Human Rights, the Universal Declaration of Human Rights and subsequent United Kingdom legislation and international treaties and conventions to which the United Kingdom is party) for the benefit of the public throughout the United Kingdom by all or any of the following means:

2 the relief of poverty by providing legal advice, assistance and representation to members of the public.

3 To advance the education of the public in the rights, liberties and duties of all citizens and public servants by publications, lectures or other similar forms of communication or by conducting or commissioning research (and publishing the results of such research).

Page 3

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Policy for furthering objects and Public benefit

CLT’s policy is to further its objects principally by providing grant funding to the National Council for Civil Liberties (“Liberty”) to carry out charitable work. Liberty is a national membership organisation campaigning for human rights and civil liberties. This policy is reviewed annually by the Board.

The Trustees confirm that they have paid due regard to the public benefit guidance published by the Charity Commission in deciding the aims, objectives and activities of the Charity and consider that the work funded by CLT and delivered by Liberty are of public benefit in the following ways:

The benefits of the charitable work carried out through funding Liberty are not restricted to any particular section of the public and are available to a large number and wide range of people.

As well as funding Liberty, CLT would consider applications from other organisations if the proposal fit with the missions and values of CLT and could not be performed by the National Council for Civil Liberties.

Achievements, performance and future plans

The Trustees’ main objective for the year was to maximise the funding directed towards the charitable work of Liberty to support the delivery of its strategic plan for 2023-2027. In 2024 this included supporting Liberty through grant funding across three key campaign areas – protest, policing, and the European Convention on Human Rights as well as taking a digital first approach to communications, testing out new messaging, and working to ensure that Liberty reaches wider audiences. Further, 2024 saw Liberty continue its proud history of providing support for reactive work on core issues such as privacy and discrimination.

In order to achieve CLT’s objectives to maximise funding directed to Liberty, the Trustees approved a two-year grant totalling £120,000 to Liberty in 2024 and 2025 to support the growth of major donation income. The first 6 months of funding has seen the recruitment of a Major Donor Manager and the development of underpinning infrastructure to support the growth of this income stream across the next 18-month period.

Page 4

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

During 2024 grant funding to Liberty has funded the delivery of work which contributes to the aims of CLT in the following ways:

Grant making policy

The Charity makes grants to achieve its objects for the public benefit. The Charity’s aim is to promote human rights and to relieve poverty by providing advice, assistance and representation to members of the public and in 2024 it did this through the provision of grants to Liberty.

The Charity does not advertise its grant making program, and currently only issues grants to Liberty. The Charity would also accept applications from other organisations if the proposal fit with the missions and values of CLT and could not be performed by the Liberty. The Charity reviews this policy on a regular basis.

There is a formal application and reporting process between Liberty and the Charity which ensures funding from CLT is only spent on charitable activities. This process is signed off by the Board and reviewed on an ongoing basis. Once a grant has been approved, the Charity then receives regular updates and a formal written report from Liberty annually.

Liberty is not itself a charity and as such grants provided to Liberty are restricted to the objects of CLT.

Page 5

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Investments

The Charity received investments during the year of £54,787 (2023: £Nil) as part of a legacy. In line with its current policy the Charity intends to dispose of these investments as soon as practicably possible and as such these are included in current assets.

Principal risks and uncertainties

Identified risks are listed in a register which outlines the nature of each individual risk and rates them between acceptable, adequate, tolerable and unacceptable. A risk management approach is agreed for each listed risk. Ratings are reviewed regularly and progress against the implementation of mitigations strategies is actively monitored.

The key risks identified are as follows.

The key risk faced by the Charity are risks related to securing funding to enable it to continue to provide grant funding to Liberty in order to deliver its charitable objectives. This risk centres on key funder reliance and risks of a declining trusts and foundations pipeline due to changes in funder priorities, and the challenges of negative economic factors on those funders. Plans to mitigate this risk include diversifying and strengthening income streams through new Major Donor and Individual Giving strategies, continued investment in legacies, and new funding approaches to increase the mix of core and project specific funding.

The Charity holds property and faces risks in relation to repairs, property management and compliance. Risks in this area are mitigated by the use of a managing agent and further specialist support and legal advice. Plans to further mitigate risk in this areas in 2025 include the review and improvement of property support, developing plans for the lease renewal, and a detailed cost benefit approach to repair costs.

The Charity is a joint data controller with Liberty for personal data held in relation to the Charity’s activities and faces data compliance and associated reputational risk from any potential data breaches. This risk is mitigated by clear data sharing agreements between the two entities. Plans to further reduce risk in 2025 include a full refresh of data privacy procedures and the development of a cross organisational sub-committee to oversee Data Privacy matters.

Page 6

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

FINANCIAL REVIEW

Total income for the year was £2,730,418 (2023 - £1,819,239 ), a significant increase of £911,179 (50%) between the two financial years. This was largely due to donations, legacies and grants income that is analysed in note 3 to the accounts. Donations income at £830,214 (2023 - £273,528) increased following the receipt of significant donations restricted towards the work of Liberty, and this included one exceptional donation of £500,000. Legacy income also increased to £430,121 in 2024, compared to £115,071 the previous year, an income source which is erratic by nature, and the 2024 level of income was high compared to historical levels. Grant funding from trusts and foundations continued to represent the primary source of income, falling slightly by 2.7% to a total of £1,251,868 (2023: £1,286,760). Grant income is analysed in further detail at note 4 to the accounts. The Charity is hugely grateful to our principal funding partners and the varied grant funding bodies and donors that support our work.

Total expenditure increased with the growth in income and amounted to £2,662,501 for the year (2023 - £1,949,815), an increase of 36% . The increase in charitable activities is analysed in notes 8 and 10 to the accounts and demonstrates the application of funds towards charitable campaigning work undertaken by Liberty.

The resulting positive net movement in funds of £67,917 compares to a negative net movement of £130,576 in 2023. This outturn was largely driven by an increase in unrestricted funds due to higher legacy income, with the increase in restricted funds income being largely offset by an increase in charitable spending, and thus restricted funds movement compares closely with last year.

The Charity holds fixed assets at a net book value of £1,979,422 (2023: £2,021,132), in respect of the land and building, and there were net current assets of £,1,440,079 (2023:£1,330,452) consisting mainly of cash balances less short term creditors, the majority of which are funds committed towards the charitable work of Liberty. Note 19 to the accounts analyses reserves by fund in more detail together with an explanation of the funds.

Raising funds

The Charity’s fundraising plans for 2024 were to invest in the diversification of income streams. This approach saw a decision to invest in Major Donor fundraising through a two-year grant totaling £120,000 to support infrastructure and pipeline development in this area and to build on the work started in 2023 to build our legacy pipeline. These are both areas of longer term investment which are expected to take time to result in a significant growth in income in these two areas.

Income growth was seen in the year from total income from donations, legacies and grants in 2023 of £1,789,169 to £2,664,966 in 2024. The growth has been driven largely by one-off income sources- a major donation made for the benefit of Liberty and normal fluctuations in legacy income.

Costs of raising funds for the year was £128,966 (2023: £121,298). This cost represents 5% of total expenditure (2023: 6%) and comprises donated staff time from Liberty of £117,300 (2023: £113,810) and direct costs of £11,666 (2023: £7,488) . This investment has resulted in total income from Donations, legacies and grants of £2,664,966 (2023: £1,789,169).

Page 7

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

The Trustees are committed to providing the best possible standards for all our supporters. Our fundraising activities are carried out respectfully. We are a member of the Fundraising Regulator and have worked within their agreed guidelines during the year. We have comprehensive donor due diligence processes in place. There is a policy for dealing with complaints and no complaints were received. The Charity does not use external professional fundraisers or involve commercial participators. and we respect the wishes of our supporters around how they wish to be contacted, offering them frequent opportunities to change these preferences which are stored within our systems.

We aim to be compliant with the General Data Protection Regulation (GDPR), and at all times we respect the wishes of our supporters about how they are contacted, offering them frequent opportunities to change these preferences, which are recorded on our databases.

Plans for the future

Key aims for raising funds in 2025 include

The Board’s key objective over the next year will be to continue provide funding to Liberty so that the CLT continues to achieve its objects through the work of Liberty that is considered to be charitable and in line with CLT aims and objects.

These objectives will be delivered through securing new and continuation funding and through the provision of grant funding through a fund designated to Liberty to be granted over the periods between 2024 and 2026 and is focused on delivering Liberty’s 5-year strategic plan, which began in 2023. Grants from this fund will be released upon formal application and are subject to annual review. This designated funds stood at £461,500 on 31 December 2024 (2023:£ 688,250)

Liberty is currently in the third year of its five-year strategic plan for 2023 – 2027 which includes the following five strategic objectives:

Page 8

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Property

The Charity owns its property on Strutton Ground in the heart of Westminster. In May 2019, the Charity Commission authorised the Charity to lease this property to Liberty for a term of seven years, at an annual peppercorn rent of £1. The Board consider that the current peppercorn rent allowed to Liberty furthers the CLT’s charitable objects, and that the property is held for charitable activities.

The property is unencumbered. Liberty is the Charity’s tenant at the Strutton Ground premises, which supports Liberty in the delivery of the charitable objectives of the Charity.

Reserves and Going Concern

The Trustees consider there is a need to hold unrestricted free reserves to cover financial risks and opportunities faced by the Charity. Unrestricted free reserves are defined as unrestricted funds, after having deducted the fixed asset reserve and designated funds. The unrestricted free reserves at the end of 2024 are £617,088 (2023 £300,079)

The Trustees review CLT’s Reserves Policy annually by considering the key financial risks and opportunities faced by the organisation. In reviewing this for the current year, the Board consider that reserves levels should be set to cover the following areas:

The overall reserves target range for 2025 is £110,000 to £460,000 and the CLT’s reserves at December 2024 were in excess of this target range by £157,088. Subsequently to the financial year end, the Trustees approved new grants totalling £164,000 to Liberty that will be released during the second half of 2025, thus reducing reserves to within the stated target range.

The Board have reviewed the budgets and forecasts for 2025 and 2026, including reserves and securing income and consider there to be sufficient funding to prepare these financial statements on a going concern basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is a company limited by guarantee, incorporated on 8 June 1993. It is governed by its Memorandum and Articles of Association. The Articles of Association state that its Board includes the Chair and two other members of the Board of Directors of Liberty (and that one of the Charity’s Board members is also a member of the Board of Directors of Liberty). Other Board members are appointed from among those known to support the Charity’s objects. Board members are appointed for a 3-year term and may be reelected at the Annual General Meeting.

The Charity operates independently from Liberty, making its own decisions, however, Liberty provides administrative services to the Charity.

The Charity directs its affairs through meetings of the Trustees, who are also Directors for company law purposes, who meet three times a year, and by correspondence between meetings. The Trust's income and expenditure is managed on a day-to-day basis by Liberty staff. Staff costs are not charged to the CLT by Liberty and are represented as donated services. The Charity has clearly delegated authorities for all expenditure items within its budgets; no expenditure may be made outside of the approved budgets; and no commitments may be made without the prior approval of the Directors.

Page 9

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

There are no remunerated Key Management Personnel of the Charity. The Trustees consider the Trustees, the Liberty Director and the Liberty Finance and Operations Director to be the Key Management Personnel.

The Board delegates detailed discussions around the property to the Property Sub Committee which is comprised of members of the Board including the Treasurer. The Sub Committee has a terms of reference in place and meet at least 3 times a year. The Property Sub Committee report to the Board at each meeting.

In 2024 a group of Trustees began meeting informally with the Liberty Philanthropy Team to contribute fundraising expertise.

New trustees are provided with the governing documents of the Charity, and a detailed Governance Manual which includes details of the structure, decision making mechanisms, the responsibilities of trustees and process for managing conflicts of interest. New Trustees also meet with Liberty staff to discuss freeholder responsibilities, and details of funding mechanisms.

Potential new trustees are sourced through a variety of means which may include an executive search consultant, and direct recommendation from Liberty employees or existing trustees. The Chair of the CLT and the Liberty Director meet with potential trustees for an informal interview and, if both parties believe a relationship would be beneficial, details of potential trustee’s experience is circulated, and their appointment is approved by the Trustees and then ratified by the members at the AGM.

Auditors

MHA was re-appointed as CLT’s auditors during the year. The Board agreed to undertake a formal tender process during 2025 and auditors for the 2025 financial year will be appointed at the AGM in July 2025.

Page 10

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Statement of responsibilities of the Trustees

The Trustees (who are also the Directors of the Charity for the purposes of company law as well as the charity trustees as defined by section 177 of the Charities Act 2011), are responsible for preparing the Trustees annual report and the financial statements, in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the incoming resources and application of resources, including the income and expenditure, of the Company for that period. In preparing these financial statements, the Board are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Trustees’ Indemnities

Subject to the provisions of the Companies Act 2006 every Director (Trustee) or other officer of the Charity shall be indemnified out of the assets of the Charity against any liability incurred in acting in such capacity in successfully defending any proceedings, whether civil or criminal, against them. Subject to certain customary exceptions, a member of the Board may benefit from indemnity insurance purchased at the Charity’s expense to cover the liability of Directors in respect of any negligence, default, breach of trust or breach of duty in relation to the Charity.

The Trustees’ Annual report was approved and authorised for issue by the Board on and signed on their behalf by Letitia Andrewartha.

On behalf of the Committee

………………………………… Letitia Andrewartha, Treasurer

Date: 3 July 2025

Page 11

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion

We have audited the financial statements of The Civil Liberties Trust (the ‘Charity) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 our report.

We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Executive Committee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the Executive Committee’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included critical reviews of budgets and forecasts provided.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Executive Committee with respect to going concern are described in the relevant sections of this report.

Page 12

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Other information

The other information comprises the information included in the Executive Committee’s report, other than the financial statements and our auditor’s report thereon. The Executive Committee are responsible for the other information contained within the Executive Committee’s Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements 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 a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Executive Committee’s report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 13

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Responsibilities of Executive Committee

As explained more fully in the Executive Committee’ responsibilities statement, the Executive Committee (who are also the Directors of the charitable company for the purposes of company law) are responsible 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 Executive Committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Executive Committee are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Executive Committee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial 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 accordance with ISAs (UK) will always detect a material misstatement 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 influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, 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 below:

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THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-foraudit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of this report

This report is made solely to the charitable company’s Executive Committee, as a body, in accordance 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 Executive Committee those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its Executive Committee as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart McKay BSc FCA DChA (Senior Statutory Auditor)

For and behalf of MHA

Statutory Auditor London, United Kingdom

Date: 04/08/2025

MHA are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)

Page 15

The Civil Liberties Trust

(A Company Limited by Guarantee)

Statement of Financial Activities (Incorporating Income and Expenditure Account) for the year ended 31 December 2024.

Note
Income from:
Donations, legacies and grants
3
Investments
6
Rental Income
7
Total income
Expenditure on:
8
Raising Funds
Charitable Activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total Funds brought forward
19
Net movement in funds
19
Total funds carried forward
19
Net income/(expenditure) before
taxation		 Unrestricted
funds
2024
£
844,520
50,465
14,987
909,972
128,966
732,457
861,423
48,549
48,549
3,237,178
48,549
3,285,727		 Restricted
funds
2024
£
1,820,446
-
-
1,820,446
-
1,801,078
1,801,078
19,368
19,368
114,406
19,368
133,774		 Total
funds
2024
£
2,664,966
50,465
14,987
2,730,418
128,966
2,533,535
2,662,501
67,917
67,917
3,351,584
67,917
3,419,501		 Unrestricted
funds
2023
£
475,198
30,065
5
505,268
121,298
556,056
677,354
(172,086)
(172,086)
3,409,264
(172,086)
3,237,178		 Restricted
funds
2023
£
1,313,971
0
0
1,313,971
-
1,272,461
1,272,461
41,510
41,510
72,896
41,510
114,406		 Total
funds
2023
£
1,789,169
30,065
5
1,819,239
121,298
1,828,517
1,949,815
(130,576)
(130,576)
3,482,160
(130,576)
3,351,584

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing

activities. The notes on pages 19 to 35 form an integral part of these financial statements.

Page 16

The Civil Liberties Trust

(A Company Limited by Guarantee) Registered Number: 02824893

Balance Sheet

As at 31 December 2024

Balance Sheet
As at 31 December 2024
2024 2024 2023 2023
Note £ £ £ £
Fixed assets
Tangible assets 14 1,979,422 2,021,132
Current assets
Stocks 15 13,031 13,031
Debtors: Amounts falling due within one year 16 186,671 130,717
Investments 17 54,797 -
Cash and cash equivalents at bank and in hand 22 2,327,128 1,880,893
2,581,627 2,024,641
Creditors: Amounts falling due within one year 18 (1,141,548) (694,189)
Net current assets 1,440,079 1,330,452
Total net assets 3,419,501 3,351,584
Funds
Restricted Funds 19 133,774 114,406
Unrestricted Funds 19
Designated fixed asset reserve 1,979,422 2,021,132
Designated for Liberty 461,500 688,250
Premises Condition Fund 227,717 227,717
General funds 617,088 300,079
Total unrestricted funds 3,285,727 3,237,178
Total Funds 3,419,501 3,351,584

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The financial statements set out on pages 16 to 18 were approved by the Trustees and authorised on the 3 July 2025 and signed on their behalf by:

Letitia Andrewartha

Treasurer Date : 3rd July 2025

The notes on pages 19 to 35 form an integral part of these financial statements.

Page 17

The Civil Liberties Trust (A Company Limited by Guarantee) Registered Number: 02824893

Statement of Cash Flows

Statement of Cash Flows
For the year ended 31 December 2024
Note
Cash flows from operating activities
Net cash used in operating activities
21
Cash flows from investing activities
Investment income
6
Net cash provided by investing activities
Change in cash and cash equivalents in the year
23
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
22		 2024
£
395,770
50,465
50,465
446,235
1,880,893
2,327,128		 2023
£
229,008
30,065
30,065
259,073
1,621,820
1,880,893

The notes on pages 19 to 35 form an integral part of these financial statements.

Page 18

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

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

1. Statutory information

The Civil Liberties Trust is a charitable company limited by guarantee and is incorporated in the United Kingdom with company number 02824893 and charity registration number 1024948.

The registered office address is Liberty House, 26-30 Strutton Ground, London, SW1P 2HR

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charitable company meets the definition of a public benefit entity under FRS 102.

2.2. Going Concern

The Trustees have considered the level of funds held and the expected level of income and expenditure for at least 12 months from authorising these financial statements. The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2.3. Income

Income, including donations, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Tax recoverable under the gift aid scheme is recognised when receivable to align with the original donation.

Income from grants is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Where grants are received with an implicit or explicit restriction as to the timing of the activities funded, the income is recognised in accordance with that restriction

Page 19

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor’s intention to make a distribution. Where the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Leaseholder payments comprise ground rent from leaseholders and the peppercorn rental income due from the lease of the offices to Liberty is credited to the statement of financial activities in the period in which it is related to.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

2.4. Donated goods, services and facilities

Donated professional services and donated facilities are recognised as income when the Charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

2.5. Expenditure and Irrecoverable VAT

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 is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Grants payable to third parties are included within the expenditure on charitable activities. Where an unconditional grant is offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grant. Where the grant is conditional relating to performance, then the grant is only accrued when any fulfilled conditions are outside the control of the Charity.

Governance costs are the costs associated with the governance arrangements of the Charity. These costs are a associated with constitutional and statutory requirements and include any costs associated with the strategic management of the Charity’s activities.

Page 20

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

2.6. Support costs

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of depreciation, premises costs and Governance is apportioned between those activities on a basis consistent with the use of resources. Donated services received from Liberty, which represent staff costs, are allocated on the basis of time spent.

2.7. Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.8. Tangible fixed assets and depreciation

Items of equipment are capitalised where the purchase price exceeds £800. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over

its expected useful life. The depreciation rates in use are as follows:

Freehold property 50 years Refitting costs 10 years

Freehold land is not depreciated

At each reporting date, the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Charity's property is rented to the National Council for Civil Liberties. The primary purpose of holding the property is to provide an effective home for the National Council for Civil Liberties, which delivers most of The Civil Liberties Trust's charitable work, rather than to provide an income. The Trustees therefore consider that the property is correctly classified as a functional tangible asset rather than an investment property.

2.9. Listed Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The Charity does not acquire put options, derivatives or other complex financial instruments.

Page 21

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

2.10. Stocks

Stocks are comprised of donated goods that are unsold at the year-end and are included at their fair value as described in Accounting Policy 2.4

2.11. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.12. Cash and cash equivalents at bank and in hand

Cash and cash equivalents at bank and in hand include cash and short-term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account.

2.13. Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2.14. Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

2.15. 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.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

.

Investment income, gains and losses are allocated to the appropriate fund.

Page 22

THE CIVIL LIBERTIES TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

2.16. Contingent assets

Contingent assets are not recognised in the Balance Sheet but are disclosed in the Notes.

Page 23

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

3. Income from donations, legacies and grants

Donations (including gift aid)
Legacies
Grants (note 4)
Donated Services (note 5)
Total
4. Analysis of grants receivable
The People's Postcode Lottery
The Sigrid Rausing Trust
AB Charitable Trust
Joseph Rowntree Charitable Trust
Barings Foundation
Crowdfunder (Protest Rights)
Persula Foundation
Evan Cornish Foundation
Sharegift -The Orr Mackintosh Foundation
The Allen & Overy Foundation
Norton Rose
Total
5. Donated goods, facilities and services
Administrative support
Governance support
Donated services - professional services
Total		 £
69,136
430,121
192,500
152,763
844,520
£
-
180,000
-
-
-
-
-
-
12,500
-
-
192,500
£
89,740
27,560
35,463
152,763
Unrestricted
Funds
Unrestricted
Funds
Unrestricted
Funds		 £
761,078
-
1,059,368
-
1,820,446
£
900,000
-
55,000
33,000
27,000
19,368
-
15,000
-
5,000
5,000
1,059,368
£
-
-
-
-
Restricted
Funds
Restricted
Funds
Restricted
Funds		 Total
2024
£
830,214
430,121
1,251,868
152,763
2,664,966
Total
2024
£
900,000
180,000
55,000
33,000
27,000
19,368
-
15,000
12,500
5,000
5,000
1,251,868
Total
2024
£
89,740
27,560
35,463
152,763		 Total
2023
£
273,528
115,071
1,286,760
113,810
1,789,169
Total
2023
£
900,000
170,000
55,000
36,000
27,000
41,510
20,000
-
25,000
6,250
6,000
1,286,760
Total
2023
£
89,830
23,980
-
113,810

Page 24

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

6. Income from investments

Bank interest receivable
Total
7. Rental Income
Leaseholder Payments
Rent receivable
Total
8. Resources Expended
Costs of raising funds
Direct costs
Donated Services (see note 5)
Total costs of raising funds
Charitable Activities
Donated Services (see note 5)
Total costs of charitable activities
Total Resources Expended
Grant funding of charitable
campaigning		 £
50,465
50,465
£
14,987
-
14,987
£
10,605
77,191
87,796
2,380,329
2,380,329
2,468,125
Unrestricted
Funds
Unrestricted
Funds
Direct Costs		 £
-
-
£
-
-
-
£
1,061
40,109
41,170
117,743
35,463
153,206
194,376
Restricted
Funds
Restricted
Funds
Support Costs
(note 9)		 Total
2024
£
50,465
50,465
Total
2024
£
14,987
-
14,987
Total
2024
£
11,666
117,300
128,966
2,498,072
35,463
2,533,535
2,662,501		 Total
2023
£
30,065
30,065
Total
2023
£
-
5
5
Total
2023
£
7,488
113,810
121,298
1,828,517
-
1,828,517
1,949,815

Page 25

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

8. Resources Expended (continued) - prior year

Costs of raising funds
Direct costs
Donated Services (see note 5)
Total costs of raising funds
Charitable Activities
Total costs of charitable activities
Total Resources Expended
9. Analysis of support costs
Depreciation
Premises costs
Governance costs (see note 11)
Donated services - professional services
Other costs
Total
Grant funding of charitable
campaigning		 Direct Costs
£
7,488
75,939
83,427
1,745,637
1,745,637
1,829,064		 Support Costs
(note 9)
£
-
37,871
37,871
82,880
82,880
120,751
Total
2024
£
41,710
54,696
47,430
35,463
15,077
194,376		 Total
2023
£
7,488
113,810
121,298
1,828,517
1,828,517
1,949,815
Total
2023
£
23,680
41,459
40,926
-
14,686
120,751

Page 26

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

10. Analysis of grants payable

10. Analysis of grants payable
Grants to institutions
Grants to Liberty's core charitable work
Other grants to Liberty charitable campaigning
Other grants
Total		 Total
2024
£
386,750
1,993,579
-
2,380,329		 Total
2023
£
266,750
1,475,865
3,022
1,745,637

As explained in the Trustees Report, the Charity works extensively with the National Council for Civil Liberties (Liberty) to carry out its charitable programme. Other charitable campaigning was funded by specific grants and donations received for that purpose.

At the year-end, £941,342 (2023 - £454,918) was payable to the National Council for Civil Liberties as shown in Note 18.

The National Council for Civil Liberties occupies the Charity's property. On 1st May 2019, the Charity Commission authorised the Charity to lease this property to Liberty for a term of seven years at an annual peppercorn rent of £1. The current peppercorn rent allowed to Liberty furthers the CLT’s charitable objects, and the property is held for charitable activities.

11. Governance Costs

Board meetings and Administrative costs (including donated services)
Total
Auditor's remuneration- audit of the financial statements (including
irrecoverable VAT)
Auditor's remuneration- preparation of the financial statements
(including irrecoverable VAT)
Auditor's remunerations- other costs (including irrecoverable VAT)		 Total
2024
£
9,000
-
1,170
37,260
47,430		 Total
2023
£
8,160
3,540
29,226
40,926

Page 27

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

12. Staff and employee benefits

The Civil Liberties Trust does not employ any staff, however the National Council for Civil Liberties (Liberty) employs staff, some of whom undertake work on behalf of the Charity. A donated service valued at £117,300 (2023 - £113,810) has been recognised including all employment tax and other liabilities which are borne by the National Council for Civil Liberties. The Charity estimates that £34,029 (2023 - £32,261) of the donated staff cost represents amounts payable for Key Management Personnel.

13. Trustees' remuneration and expenses

During the year, no Trustees, who are considered to be the Key Management Personnel of the Charity, received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, expenses totalling £294 were reimbursed or paid directly to 1 Trustee for travel and subsistence costs (2023 - £NIL).

14. Tangible fixed assets

Cost
As at 1 January 2024
As at 31 December 2024
Depreciation
As at 1 January 2024
Charge for the year
As at 31 December 2024
Net Book Value
As at 31 December 2024
As at 31 December 2023		 Freehold land
and buildings
£
2,752,132
2,752,132
731,000
41,710
772,710
1,979,422
2,021,132		 Total
£
2,752,132
2,752,132
731,000
41,710
772,710
1,979,422
2,021,132

Freehold land with a cost of £531,379 (2023 - £531,379) is not being depreciated.

Page 28

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

15. Stocks

Total Total
2024 2023
£ £
Donated goods for resale 13,031 13,031

All stock held is art that was donated to The Civil Liberties Trust, with proceeds restricted to the National Council for Civil Liberties. During 2024, none of the art (2023 - none) was sold. No provisions were made for the impairment of slow-moving stock (2023 - £NIL).

16. Debtors

Due during one year
Trade debtors
Other debtors
Prepayments and accrued income
Total		 Total
2024
£
4,000
182,671
-
186,671		 Total
2023
£
6
127,351
3,360
130,717

Included within Other debtors is £126,516 relating to legacies (2023 - £77,772), the income for which is expected to be received in 2025.

17. Investments

Movements in market value
Market value at 1 January 2023
Additions: Listed investments received with legacy
Market value at 31 December 2024
Historical cost at 31 December 2024		 Total
2024
£
-
54,797
54,797
54,797		 Total
2023
£
-
-
-
-

Page 29

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

18. Creditors: Amounts falling due within one year

Trade creditors
Grants payable to Liberty
Accruals and deferred income
Total
Movement in recognised grant commitments during the year
Grant commitment recognised at the start of the year
New Grant commitments charged to the SoFA in year
Grants paid during the year
Amount of grant commitments recognised at end of year		 Total
Total
2024
2023
£
£
2,326
6,160
941,342
454,918
197,880
233,110
1,141,548
694,189
2024
2023
£
£
454,918
417,385
2,380,328
1,720,331
(1,893,904)
1,682,798
-
941,342
454,918
Grant Commitments Accrued		 Total
2023
£
6,160
454,918
233,110
694,189
454,918

Grant commitments represent several separate grants committed to Liberty towards its charitable activities. These commitments have been recognised under charitable activities expenditure for the year and within creditors at the year end. All commitments are expected to be released during 2025.

Deferred income
Deferred income at 1 January
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December		 Total
2024
£
205,000
180,000
(205,000)
180,000		 Total
2023
£
196,250
205,000
(196,250)
205,000

Deferred income relates to grant income received that relates to the next financial year in accordance with the accounting policy on income (see Note 2.3).

Page 30

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

19. Statement of funds

Statement of funds- current year

Statement of funds- current year
Unrestricted funds
Designated funds
Fixed Asset reserve
Designated for Liberty
Premises Condition Fund
General
General funds
Total Unrestricted funds
Restricted funds
Other charitable campaigning work
The People's Postcode Lottery
AB Charitable Trust
Joseph Rowntree Charitable Trust
Barings Foundation
Crowdfunder (Protest Rights)
Crowdfunder (Investigatory Powers Act 2016)
Stock of Art
Evan Cornish Foundation
Major individual donors restricted to Liberty
Fundraising Appeals restricted to Liberty
Other restricted funds
Total funds		 Balance at 1
January 2024
£
2,021,132
688,250
227,717
2,937,099
300,079
3,237,178
-
-
-
-
41,510
59,865
13,031
-
-
-
-
-
114,406
3,351,584		 Income
£
-
-
-
-
909,972
909,972
900,000
55,000
33,000
27,000
19,368
-
-
15,000
651,950
78,973
40,155
1,820,446
2,730,418		 Expenditure
£
(41,710)
(226,750)
(268,460)
(592,963)
(861,423)
(900,000)
(55,000)
(33,000)
(27,000)
-
-
-
(15,000)
(651,950)
(78,973)
(40,155)
(1,801,078)
(2,662,501)		 Balance at 31
December
2024
£
1,979,422
461,500
227,717
2,668,639
617,088
3,285,727
-
-
-
-
60,878
59,865
13,031
-
-
-
-
133,774
3,419,501

Page 31

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

19. Statement of funds (continued)

Statement of funds-prior year

Statement of funds-prior year
Unrestricted funds
Designated funds
Fixed Asset reserve
Designated for Liberty
Premises Condition Fund
General
General funds
Total Unrestricted funds
Restricted funds
Other charitable campaigning work
The People's Postcode Lottery
AB Charitable Trust
Joseph Rowntree Charitable Trust
Barings Foundation
Persula Foundation
Crowdfunder (Protest Rights)
Crowdfunder (Investigatory Powers Act 2016)
Stock of Art
Major individual donors restricted to Liberty
Fundraising Appeals restricted to Liberty
Other restricted funds
Total funds		 Balance at 1
January 2023
£
2,044,812
915,000
250,000
3,209,812
199,452
3,409,264
-
-
-
-
-
-
59,865
13,031
-
-
-
-
72,896
3,482,160		 Income
£
-
505,268
505,268
900,000
55,000
36,000
27,000
20,000
41,510
-
-
124,768
86,963
22,730
-
1,313,971
1,819,239		 Expenditure
£
(23,680)
(226,750)
(22,283)
(272,713)
(404,641)
(677,354)
(900,000)
(55,000)
(36,000)
(27,000)
(20,000)
-
0
0
(124,768)
(86,963)
22,730
-
-
(1,272,461)
(1,949,815)		 Balance at 31
December
2023
£
2,021,132
688,250
227,717
2,937,099
300,079
3,237,178
-
-
-
-
-
41,510
59,865
13,031
-
-
-
114,406
3,351,584

Page 32

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

19. Statement of funds (continued)

Fixed Asset Reserve

The purpose of the fixed asset reserve is to represent the amount of the Charity's unrestricted funds which are tied up in tangible fixed assets. The expenditure in the year reflects the depreciation charge during the period.

Designated Fund for Liberty

In 2021, the CLT established a designated fund to be granted to Liberty over a five year period from 2022 to 2027. During 2023 the trustees approved an amendment to the proposed payment profile of this fund, so that it would be fully expended by 2026. £226,750 of this fund was granted to Liberty in 2024 and applied towards strategy development and governance. The remainder of the grant will be applied in support of core Liberty activities to deliver its strategic plan over the period 2025 and 2026, subject to annual approval of the release of funding by the CLT Trustees.

Premises Condition Fund

The CLT has established a designated fund towards addressing improvements of the premises at Strutton Ground. No funds were expended from this fund in 2024.

Restricted Fund

During the year, grants and donations were received which contained restrictions on how they could be expended. Income and expenditure relating to these is shown in restricted funds.

At 31 December 2024, total restricted funds amounted to £133,774. Of this £59,865 were donations received towards the potential the cost liability cap imposed on Liberty by the High Court of Justice in its on-going court challenge to the Investigatory Powers Act 2016. £60,878 were donations received towards a potential cost liability cap imposed on Liberty by the High Court of Justice in Liberty’s on-going court challenge to the Public Order Bill 2023. £13,031 is the fair value of art stock donated to the Civil Liberties Trust.

Page 33

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

20. Analysis of net assets between funds

Analysis of net assets between funds- current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
1,979,422
2,447,853
(1,141,548)
3,285,727		 Restricted
funds
2024
£
-
133,774
-
133,774		 Total
funds
2024
£
1,979,422
2,581,627
(1,141,548)
3,419,501

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds- prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
2,021,132
1,910,235
(694,189)
3,237,178		 Restricted
funds
2023
£
-
114,406
-
114,406		 Total
funds
2023
£
2,021,132
2,024,641
(694,189)
3,351,584

Page 34

The Civil Liberties Trust Notes to the Financial Statements for the year ended 31 December 2024 (continued)

21. Reconciliation of net movement in funds to net cash flow from operating activities

Note
Net income/expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
14
Investment income
6
Legacy received as investment asset
Decrease in debtors
16
Increase/(decrease) in creditors
18
Net cash provided by operating activities
22. Analysis of cash and cash equivalents
Cash and cash equivalents at bank and in hand
Total cash and cash equivalents
23. Analysis of changes in net debt
At 1
January
2024
£
Cash and cash equivalents at bank and in hand
1,880,893
Total
1,880,893		 2024
£
67,917
41,710
(50,465)
(54,797)
(55,954)
447,359
395,770
2024
£
2,327,128
2,327,128
Cash flows
£
446,235
446,235		 2023
£
(130,576)
23,680
(30,065)
-
314,064
51,905
229,008
2023
£
1,880,893
1,880,893
At 31
December
2024
£
2,327,128
2,327,128

24. Related party transactions

The aggregate amount of donations made by trustees and people connected with them where no conditions are attached is £4,901 (2023: NIL).

There have been no other related party transactions during the year (2023: None).

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