2021-03-31-accounts

our work this year b/o/i

our public benefit b/o/i

accounts b/o/i

Income
Donations and legacies		187,870	75,700	263,570	78,382
Charitable activities		2,846	ll,930	14,776	41,732
Other		11		11	36
Total		190,727	87,630	278,357	120,150
Expenditure
Raising funds		19,615		19,615	5,484
Charitable activities		55,874	77,200	133,074	65,829
Other		22,135		22,135	16,755
Total		97,624	77,200	174,824	88,068
Net income/(expenditure)	before tax for
the reporting period		93,103	10,430	103,533	32,082
Net income/(expenditure)	after tax
before investment gains/(losses)		93,103	10,430	103,533	32,082
Net income/(expenditure)		93,103	10,430	103,533	32,082
Net movement infunds		93,103	10,430	103,533	32,082
Reconciliation offunds
Total funds brought forward		44,952		44,952	12,870
Total funds carried forward		138,055	10,430	148,485	44,952

Donations	and legacies
Donations	and gifts	180917	75700	256617	73345
Gift Aid		6953		6953	5037
Total		187870	75700	263570	78382
Charitable	activities
Debating	Matters	201	11930	12131	8277
The Academy		313		313	27955
Free Speech Champions		2000		2000	1250
Living Freedom		294		294	3400
Other debates					850
Other		38		38
Total		2846	11830	14776	41732
Other
Other					36
Total					36
TOTAL INCOME		180727	87630	278357	120'150

				"IIII	"IIII	"IIII			~	~		~
													~
								E			f
Expenditure on raising		funds
Incurred seeking donations				2009		2009	1000						1000
Incurred seeking grants				15925		15925	2400						2400
Staging fundraising	events			500		500	917						917
Advertising, marketing,		direct
mail and publicity				1181		1181	1167						1167
Total expenditure	on raising
funds				19615		19615	5484						5484
Expenditure on charitable			activities
Debating Matters				22665	1500	24165	35226						35226
The Academy				16358		16358	10743						10743
Living Freedom				6977		6977	18453						18453
Free Speech Champions				9874	75700	85574
Question Time							1407						1407
Total expenditure	on
charitable activities				55874	77200	133074	65829						65829
Other
Support costs				19274		19274	11984						11984
Lega I costs						0	1500						1500
Other office costs				2861		2861	3271						3271
Total other ex enditure				22135	0	22135	16755						16755
TOTAL EXPENDITURE				97624	77200	174824	88068						88068

PERT		10,430	1,500	8,930
Thomas	Howell	1,500
FSC		75,700	75,700
Total		87,630	77,200	8,930

					Cll,inlv Nnmt	f)nttlii	&rf ldo:ls	&rf ldo:ls		t,'ti,lnt		Nn		I	I	/lt!)('I!'
										I:(im;1	in		Nn	1121313
							Annual		accounts for			the		period
															Period end
					penod start date			01/04/2020								date	31/03/2021
r
~															~	~
~ ~	~
							cr0ZsoLa	Unrestricted		Restricted income				Endowment				Prior year
Recommended	categories				by activity		tp		funds	funds						funds	Total funds	funds
									6		E					6	E	f.
Income (Note	3)								F01	F02						F03	F04	F05
Income and endowments				from:
Donations and legacies							501		187870	75700							263,570	78,382
Charitable activities							502		2 846	11930							14776	41 732
Giber trading activities							S03
Investments							504
Separate material item ofincome							505
Other							506											36
Total							507		190,727	87,630							278,357	120,150
Expenditure (Notes			6)
Expenditure on:
Raising funds							608		19,615								19,615	5,484
Charitable activities							SOS		55,874	77200							133074	65829
Separate material expense		item					510
Other							511		22,135								22,135	16,755
Total							512		97,624	77,200							174,824	88,068
Net income/(expenditure)					before tax	for
the reporting	period						513		93,103	10,430							103,533	32,082
Tax payable							514
Net income/(expenditure)					after tax
before investment		gains/(losses)					315		93,103	10,430							103,533	32,082
Net gains/(losses) on
investments							516
Net income/(expenditure)							517		93,103	10,430							103,533	32,082
Extraordinary	items						516
Transfers between			funds				S19
Other recognised		gains/(losses):
Gains and lasses on	revaluation			of	fixed assets for the
chaniy's own use							520
Other gains/(losses)							521
Net movement	in funds						522		93 103	10430							103,533	32,082
Reconciliation	of
funds:
Total funds brought	forward						323		44,952								44,952	12,870
Total funds carried			forward				524		138,055	10,430							148,485	44,952

Note 2			Accounting policies
2.2 INCOME
Recognition		of income	These are mcluded in the Statement of Fmancial Activities (SoFA) when:
			~ the charity becomes entitled to Ihe resources,
			~ it is more likely than not that the trustees will receive the resources;				Yes*	No*	N/a
			~ the monetary value can be measured with sufficient reliability
Offsetting			There has been no offsettin ofassets and liabilities, or income and expenses, required or permitted by the FRS 102SORP ar FRS 102	unless
Grants and		donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10to 5 12FRS102SORP).				Yes*	No*	N/a*
			In the case of performance related grants, income must only be recogmsed to	the
			extent that the charity has provided the spemfied goods or services as entitlement		to
			the grant only occurs when the performance related conditions are met (5.16FRS		102
			SORP).
			Legaces are mcluded in the SOFA when receipt is probable, lhat is, when there has
Legacies			been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the				YeS*	NO*	N/a"
			chanty or have been met.
Government		grants	The charity has received government grants in the reporting period				Yes*	No*	N/a'
			Gift Aid receivable is included in income when there is a valid declaration from	the
Tax reclaims		on	donor. Any Gift Aid amount recovered an a donation is considered to be part ofthat gift				Yes*	No'	N/a*
donations	and gifts		and is treated as an addition to the same fund as the initial donation unless the donor
			or the terms ofthe appeal have specified otherwise.
Contractual performance		income and related	This is only included in the SoFA once the charity has provided the related goods services or met the performance related conditions		or		Yes*	No*	N/a*
grants
Donated goods			Donated goods are measured at fair value (the amount for which the asset cauld be exchanged) unless impractical to do so				Yea NO N/a* CZD
			The cost ofany stock of goods donated for distribution to beneficianes is deemed		to be
			the fair value of those gifts at the time oftheir receipt and they are recognised	on
			receipt. In the reportmg period in which the stocks are distrrbuted, they are recognised
			as an expense at the carrying amount of the stocks at distribution
			Donated goods for resale are measured at fair value on initial recognition, which is the
			expected proceeds from sale less the expected costs ofsale, and recognised	in
			'Income from other trading activities' with the corresponding stock recognised balance sheet On its sale tile value of stock is charged against 'Income from trading activities' and the proceeds from sale are also recognised as 'Income other trading activities'	in the other from			lZZI
			Goods donated for on-going use by the charity are recognised as tangible fixed assets
			and mcluded m the SoFA as incoming resources when receivable.
			Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.				IZD
Donated services and			Donated services and famlities are included in the SOFA when received at the	value af			Yes*	No*	N/a*
facilities			the gift to the charity provided the value ofthe gift can be measured reliably.
			Donated services and facilities that are consumed immediately are recogrvsed	as			Yes*	No*	N/a*
			mcame with an equivalent amount recognised as an expense under the appropnate
			heading in the SOFA.
Support costs			The charity has incurred expenditure on support costs				Yes*	No*	N/a*
			The value ofany voluntary help received is not included in the accounts but is				Yes*	No*	N/a*

v lunlvvl	llvlu	llvlu	llvlu		descnbed i~ the trustees' annual report.
Income from			interest,		This is included in the accounts when receipt is probable and the amount receivable
royalties and			dividends		can be measured reliably
income from			membership		Membership subscriptions received in the nature of a gift are recognised m Donations			Yes*	No*	N/a*
subscriptions					and Legacies.
					Membership subscnptions which gives a member the right to buy services ar other			Yes*	No*	N/a*
					benefits are recogmsed as income earned from the provision of goods and services		as
					mcame from charitable activities
Settlement olaims		of insurance			insurance claims are only included In the SoFA when the general incame recogmtion criteria are met (5 10to 5.12FRS102SORP) and are mcluded as an item ofother incame in the SoFA
Investment losses		gains and			This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing Investments to market value at Ihe end ofthe			Yea*	NO*	N/a*
					year.
2.3EXPENDITURE					AND LIABILITIES
Liability		recognition			Liabilities are recognised where it is mors likely than not that there is a legal or constructive obligation committing the charity to pay oul resources and the amount	of		Yes*	No*	N/a*
					the obligation can be measured with reasonable certainty.
Governance cos'ts			and support		Support costs have been allocated between governance costs and other support. Governance costs comprise ag costs involving public accountability ofthe charity	and		Yes*	No*	N/a*
					its compliance with regulation and good practice.
					Support costs include central funcbons and have been allocated to activity cost
					categones on a basis consistent with the use of resources, eg agocatmg property	costs		Yes*	No*	N/a*
					by floor areas, or per capita, staff costs by the time spent and other costs by their
					usage. for
Grants with		performanae			Where ihe charity gives a grant with conditions for its payment bemg a specific level		of
conditians					service or output to be provided, such grants are anly recagnised in the SoFA once		the	Yes*	No*	N/a'
					rewplent ofthe grant has provided the spewf led service or output
Grants payable				without	Where there are no conditions attaching ta ihe grant that enables the donor charity to
performance			conditions		realistically avoid the commitment, a liability far the full funding obligation must be			Yes*	No*	N/a'
					recognised
Redundancy			cost		The chariity made no redundancy payments durmg ihe reporting penod.			Yes*	No*	Nla*
Deferred income					No material item ofdeferred income has been included ln the accounts. charity accounts			Yes*	No*	N/a*
Creditors					The charity has creditors which are measured at settlement amounts less any trade discounts basicfinanma			Yes*	No*	N/a*
Provisions	for liabilities				A liability is measured on recognition at its histoncal cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the			Yes*	No*	N/a*
					reporting date
Sasic financial instruments					Tile instruments on initial recognition as per paragraph 107 FRS102SORP Subsequent measurement Is as per paragraphs to 11.19.FRS102SORP.	11.17		Yes*	No*	N/a*
2.4ASSETS
Tangible fixed assets for					These are capitahsed lfthey can be used for more than one year, and cost at least
use by charity								Yes*	No*	N/a*
					They are valued at cost.
					The depremation rates and methods used are disclosed in note 14.
					1he chanty has intangible fixed assets, that ls, non-monetary assets that do not have
Intangible	fixed			assets	physical substance but are identifiable and are controlled by the charity through custody
					ar legal rights The amartlsation rates and methods used are disclosed ln note 15.
					They are valued at cost			Yes*	No*	N/a*
					The charity has hentage assets, that is, non-monetary assets with historic, artistic,
Heritage assets					scientlTlc, technological, geophysical or environmental qualities that are held and maintained pnnwpally for theircontnbution to knowledge and culture The depreciation
					rates and methods used as disclosed in note 10.
								Yes*	No*	N/a*
					They are valued at cost

Note 3		Income	Income
															Rv t cted
		Analysis			of		income							unrestricted funds	Income funds	Endowment funds	Total funds		Prloryesr
																	6
Donations		~onations and	tfts											180 917	75 700		256	617	73345
and legacies:		Gift Aid												6953			6	953	5037
		Le sass
		General grants provided				by		government/other
		charities
		Membership subscriptions					snd sponsorshlps
		which are in substance			donabons
		Donated goods,	facilities			and			services
		Other
													Total	187,870	75,700		263,570		78,382
Charitable		Debating Matters
activities:														201	11 930		12	131	8 277
		The Academ												313				313	27955
		Free S sech Cham		tons										2 000			2	000	1 250
		Ltvtn Freedom																294	3 400
		Otherdebates																	850
		Other												38				38
													Total	2,846	11,930		14	776	41 732
Other trading
activities:
		Other
													Total
Income from		Interest mcome
investments:		Dividend income
		Rental and leastn		income
		Other
													Total
Separate
material item
of income
													Total
Other:		Conversion of endowment					funds			into		income
		Gam on disposal	of	a tangible					fixed asset held
		for chant s own	use
		Gain on disposal	of	a programme							related
		Investment
		Royalties from the exploitation							of	inte0ectual
		ro ert rl tits
		Other																	36
													Total						36
TOTAL INCOME														190727	87630		278	357	120 150
Other information:
Ae income	in the prior year as unrestricted							except for:
(please provide		description and amounts)
Where any	endowment fund is converted					into			income				in the
reporting period, please give the			reason		for			the conversion.
Where any	endowment fund is converted					into			income				in the
prior pediod, please give ths reason				for the			conversion.
Within the	income items above the following							items			are
materlab (please disclose the nature, amount									and		any		prior
yearsmounts)
This year:	Where sums originagy		denominated						in		foreign
ourrency have been included in income,					explain the basis on
which those sums have been translated					mto			stsrlrng				(or the
currency in which the accounts are				drawn			up).

							This year	Last year
							6	6
Seconded staff							78258	18036
Use of property							3687	1 292
Office costs							5957	4 863
Contractual costs ofThe Academy 2019								23,198
							87,902	47,389
				This year			Last year
Please provide details	ofthe
accounting policy for the recognition and valuation ofdonated goods, facilities and services.		Donation Ideas to	ofseconded staff by Academy Battle of Ideas charity as agreed Mana ament A reement			of in
Please provide details	ofany
unfulfilled conditions	and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of	other forms of
other donated goods and services
not recognised in the	accounts, eg
contribution of unpaid	volunteers.

									This	year			Last	year
									Restricted				Restricts
								Unrestricted	income	Endowment		Unrestricted	d income	Endowme
Analysis								funds	funds	funds	Tolal funds	funds	funds	nt funds	Total funds
Expenditure on raising		funds:
Incurred seeking donations								2 009			2009	1 000			1 000
Incurred seeking legacies
Incurred seeking grants								15925			15925	2400			2400
Operating membership	schemes				and	social
lotteries
Staging fundraising events								500			500	917			917
Fudraising agents
Operating charity shops
Operating a trading company				undertaking			non-
charitable tradi activit
Advertising, marketing,	direct			maif and publicity
								I 181			1 181	1 167			1 167
Start up costs incurred	in	generating				new
source of future income
Database development	costs
Other tradmg activities
Investment management		costs:
Portfoho management costs
Cost of obtaining investment				advice
Investment administration			costs
Intellectual property hcencing				costs
Rent collection, property	repairs				and
maintenance charges
Total expenditure on raising				funds				19,615			19,615	5,484			5,484
Expenditure on charitable			activities:
Debating Matters								22 665	1,500		24 165	35226			35,226
The Academy								16,358			16,358	10743			10743
Living Freedom								6977			6 977	18453			18453
Free Speech Champions								9874	75,700		85 574
Question Time												1 407			1 407
Total expenditure on charitable					activities			55 874	77200		133074	65829			65 829
Se arete material item	ofex ense
Total
Other
Su ort costs								19274			19274	11984			11984
Le sl costs												1,500			1 500
Other office costs								2 861			2861	3271			3 271
Total other expenditure								22,135			22,135	16,755			16,755
TOTAL EXPENDITURE								97,824	77,200		174,824	88,068			88,068

Please explain	the	nature ofeach extraordinary	item occurring in the period.
		Description		This year f	Last year f
Extraordinary	item	1
Extraordinary	item	2
Extraordinary	item	3
Extraordinary	item	4
Total extraordinary		items

								This year	Last year
								E	K
Independent	examiner's		fees
Assurance	services	other than independent			examination
Tax advisory fees
Other fees (for example: financial to the independent examiner				advice, consultancy,		accountancy	services) paid

Trade debtors
Prepayments	and accrued income
Other debtors	-vat refund

Trade debtors
Prepayments	and accrued income
Other debtors

d in	debtor	s abov	e)
	This	year	Last	year
Total

Note	24 Cash at bank and	in hand
					This year	Last year
Short	term cash investments	(less than 3 months	maturity	date)
Short	term deposits
Cash	at bank and on hand				143,086	40,414
Other
Total					43,086	40,414