## ## ## ## ## ## ## ## ## ## ## ## ## ## 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| ## ##