2023-12-31-accounts - Politics And Economics Research Trust

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		Page
Reference and Administrative Details
Report ofthe Trustees		2to4
Independent Exammer's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		8to 12

					2023		2022
				Unrestricted	Restricted
				funds	funds	Total	Total
			Note	K		f	5
Income and endowments		from:
Donations and legacies				31,500		31,500	1,500
Gift aid recoverable				5,000		5,000
Investment income				297		297	40
Total income and	endowments			36,797		36,797	1,540
Expenditure on:
Charitable activities				21,848		21,848	48,113
Total expenditure				21,848		21,648	48,113
Net movement in funds				14,949		14,949	(46,573)
Reconciliation of funds:
Total funds brought	forward			21,114		21.114	67,687
Total funds carried forward				636,063		636,063	621,114

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	ACCOUNTING POLICIES
(a)	General information and basis of preparation
	Politics and Economics Research Trust is a charitable company in the United Kingdom. In the event of
	the charity being wound up, the liability in respect ofthe guarantee is limited to I'.I per member ofthe charity. The address ofthe registered office is given in the charity information on page 1 ofthese financial statements. The nature ofthe charity's operations and principal activities are on page 2.
	The charity constitutes a public benefit entity as defined by FRS 102.The financial statements have been
	prepared in accordance with Accounting and Reporting by Chanties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanmai Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)issued on 16July 2014(as updated through Bulletin 1 published 2 February 2017),the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),the Charities Act 2011,the Companies Act 2006 and UK
	Generally Accepted Practice as it applies from 1 January 2016.
	The financial statements are prepared on a going concern basis under the histoncal cost convention,
	modified to include certain items at fair value
	The financial statements are prepared in sterling which is the functional currency ofthe charity.
	The significant accounting policies applied in the preparation ofthese financial statements are set out
	below These policies have been consistently applied to all years presented unless otherwise stated.
(b)	Going Concern
	The financial statements have been prepared on a going concern basis as the trustees believe that	no
	material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a
	going concern.
(c)	Funds accounting
	The funds ofthe Chanty comprise:
	Unrestricted general funds —these are funds which can be used m accordance with the charitable objects at the discretion ofthe trustees
	Restricted funds —represent funds that can only be used for a particular restncted purposes within objects of the charity. Restrictions arise when specified by the donor or when the funds are raised	the for
	specific restricted purposes.
(d)	Income
	Ail incoming resources are included in the statemeni of Financial Activities (soFA) when the chanty legally entitled to the income after any performance conditions have been met, Ihe amount can measured reliably and it is probable that the income will be received.	is be
	~ Donations and legacies are recognised in the financial statements when the Trust is convinced that
	there is entitlement to the income, there is certainty of receipt and the amount in question measurable.	is

Donations and Legacies						2023	2022
						6	6
Donations —unrestricted						31,500	1,500
Donations —restricted
						31,500	1,500
Charitable Activities	Direct	Grants		Support		Total	Total
	Costs			Costs		2023	2022
	6			8
				(Note	4)
Grants approved (note 3 I )			18,000			18,000	68,000
Grants cancelled Supportcosts				3,848		3,848	(24,000) 4,113
Total resources expended			18,000	3,848		21,848	48,113
Grants approved						2023	2022
						6
The Trust approved the following	grants to	Institutions	and Individuals		dunng	the year:
Demos							25,000
Manifesto Club Civitas Big Brother Watch						10,000	8,000 22,500 12,500
Publrc Safety Foundation						8,000
Total to Institutions						18,000	66,000
Total paid to Indwiduals
Total grants						18,000	68,000

Grant commitments			2023	2022
			6
Balance brought forward Grants approved (note 31)			16,250 18,000	20,100 68,000
Amounts paid Amounts refunded			(26,750) 5,500	(59,650) 12,000
Amounts cancelled				(24,000)
Balance carried forward			13,000	16,250
Support costs:			2023	2022
				8
Administrator's fees			1,483	1,309
Independent Examiners fee Other accountancy fees			2,280	2,112 408
Under/(Over) accrued Fees	Independent	Examiners		(100)
Professional fees				300
Sundry expenses			85	84
			3,848	4,113

Creditors: Amounts	falling due within one year	2023	2022
		6	E
Grant commitments Project commitments	(note 3.2)	13,000	16,250
Accruals		2,650	2,775
		15,650	19,025

Fund reco	nciliation
		Balance at		Income	Expenditure	Balance	at	31
		01	January			December	2023
			2023
			6
Unrestricted	funds		21,114	36,797	(21,848)	36,063
Restricted	funds

Analysis	of net assets between funds —Current year
		Unrestricted	Restricted	Total	Funds
					2023
					6
Current assets		51,713			51,713
Creditors	due within one year	(15,650)		(15,650)
		36,063			36,063
Analysis	of net assets between funds —Prior year
		Unrestricted	Restricted	Total	Funds
					2022
Current	assets	40,139			40,139
Creditors	due within one year	(19,025)		(19,025)
		21,114			21,114