## ## |||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| ## ## ## ## ||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| ## ## ## |3.2|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| ##