Ideas .. Matter Ideas Matter Annual Report FY 2024-25 Charity number 1178999 Company number 11213433
Page Ideas Matter Company number 11213433 | Charity numb8r 1178999 Ideas • Matter
About Ideas Matter The trust88s present their report along with the financial statements of the charity for the financial year from 1 April 2024 to 31 March 2025. Ideas Matter is a charity registered with the Charity Commission under registration number 1178999 and a company limited by guarantee with registration number 11213433. Trustees: Address and contact: Ferenc Furedi (full year, chair} Ideas Matter 5-8 The Sanctuary Westminster London SW1 P 3JS Philip Roy Mullan Ifull year) Luke Samuel Gittos {full yearl Sheila Frances Lewis (full year, treasurer) ideasmatter.org.uk Trustees are recruited through our existing trustees on the basis of professional recommendation in order to fill specific skill gaps. In selecting trustees, Ideas Matter looks for high levels of commitment to the role that ideas, intellectual development, and discussion play in public life, as well as strong evidence of Ideas Matter is a company charity personal integrity and reliability, including the commitment to hold the charity to account on its core aims. 020 7269 9234 Structure. governance and management Ideas Matter is governed by a memorandum and articles of company association The company directors are also the charity Trustees Advisors: The company is limited by guarante8 Jane Sandeman {independent examiner, fellow member of the Association of Chartered Certified Accountants) Registered charity number: 1178999 Company registration number- 11213433 Key employees: Geoff Kidder (chief executive) Alastair Donald Isecretaryl Page Ideas Matter Company number 11213433 | Charity number 1178999 Ideas Matter
Objects and activities Ideas Matter was set up wlth two aims". 1. To advance education, in particular but not exclusively, by providing a forum for discussion and debate through the organisation of public debates, festivals and summer schools involving academics, thinkers and experts that deepen and enrich the knowledge and understanding of all participants. DEBATING Debatlng Matters 2. To advance good citizenship, in particular but not exclusively, through the promotion of ideas of tolerance, open debate and participation in democracy through the organisation of live events. in print and online. An innovative and engaging approach to schools debating, emphasising substanc8 over style, and the importance of taking ideas seriously. Summary of the maln actlvities undertaken for the public benefit in relation to these objects: NG Ideas Matter charity's overriding ambition is to encourage a culture of learning and discussion, in order to enhance public debate of the many questions that face society and citizens today. To that end, the organisation pursues projects that encourage both self- education and a willingness to debate people with other viewpoints. Our work is not aimed specifically at any one section of society but at the broader c*Jlture of intellectual engagement and participation, To that end, we work with adults and soon-to-be adults wherever the opportunity for debate arises. Llvlng Freedom Our annual residential school that allows 18- to 30-year-olds to explore ideas around the past, present and future of freedom by engaging with 'the best that is known and thought, and the provocations of contemporary intellectuals. I'ho Academy The major activities undertaken include organising education and citizenship projects, specifically the projects Debating Matters. Living Freedom and The Academy. The Academy Our annual summer school for all ages interested in studying ideas. Organised each year around a specially chosen theme. lectures on philosophy, history and culture demonstrate the value of scholarship in itself over instrumental approaches to knowledge. Page Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Our work this year Ideas Matt8r Company number 11213433 | Charity numb 1178999 Ideas
Chief Exe utive's Comment 'This has been a year of exciting expansion and intellectual vitality for the Ideas Matter charity. Building on the fresh identity we established last year, we have successfully broadened our horizons- both geographically and intellectually. From the launch of the Debating Matters Transatlantic pilot to our largest-ever Living Freedom summer school, and the profound questions raised at The Academy, we have seen a growing hunger for serious engagement with ideas and debates centred around freedom. We have connected young minds in the UK, US, and Germany, while cementing our relationships with a dedicated network of judges, speakers, and alumni across generations. I feel immense pride in how our projects have tackled the most pressing cultural and political challenges of our time, from the 'siege' on civilisation to the renewing of freedom. Our mission is more relevant than ever: to ensure that robust debate and free inquiry remain at the very heart of society., Geoff Kidder Chief Executive Page Ideas Matter number 11213433 | Charity number 1178999 Comp Ideas
Debating Matters Debating Matters, the sixth-form debating competition, expanded its outreach while maintaining some familiar competitions and partnerships. It spread the debating competition to students in the US, as part of the Debating Matters Transatlantic IDMTAI pilot phase, while also holding previously established competitions in Durham, Berlin and the House of Lords. (which offered a substantial ticket offer to the Best Individuall, and many more prizes for winning teams and debaters. The competition was valued as an absorbing and exciting experience, giving debaters a wealth of knowledge, preparing them for future debates and the workplace. Over the course of the year, D8bating Matters held seven championships involving Approximately 260 students Approximately judges The release of 20 new or updated topic guides (eight of which were bespoke 'Transatlantic' guides). 80 Shortly after, Debating Matters returned to Berlin for its ninth annual DM Berlin Championship on Friday 28 June. Twelve German schools debated relevant Debating Matters topic guides, with the final motion being 'Germany should pay reparations for its colonial past,, intertwining the broader philosophical and moral arguments around reparations with the specific national context. The summer term of 2024113 June) saw a return of the Durham Championship, where sixth-form students from six North East schools competed for the Debating Matters Durham Champions, title. This was in partnership with the Durham Union Society. It was also in association with an international law firm (which offered the prize of four days, work experience to the winner of the Best Individual prize}, the Royal Opera House In October, Debating Matters returned to the Battle of Ideas festival in a showcase debate between Oakwood Park Grammar School and The Burgate School, on the motion 'Should smartphones be banned in the classroom?1 This new motion encouraged the four debaters to ask challenging questions about the divisions and influences in society, looking at how to balance technology's potential with the harms that can occur if left completely unregulated. Page Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Debating Matters In March 2025. Debating Matters completed its first partnership with the Bill of Rights Institute and Rising Tide Foundation. This first 'pilot' stage involved a range of training and workshop opportunities, including an American school qualifier, which took place on 2 November. The competition provided six US teams with the opportunity to compete for three places in Ihe international competition, and brought together judges from the US, the UK and Germany to evaluate what was deemed an extremely high level of debate. including Al, misinformation and smartphones in the classroom, before culminating in a fiery debate on the motion 'Cancel culture is a threat to free speech,. It was viewed by participants and judges as a great competition, which elevated both the intellectual challenge to students and the quality of the arguments put forward. This was a fantastic opportunity for students from the UK to engage with different debating styles and ideas from America, and gave all teams the chance to receive detailed feedback from a range of quality judges, from both the UK and the US. Later in the spring term, Debating Matters at the House of Lords returned, bringing together four schools from all around the UK to challenge each other on contemporary issues at the top of the political agenda. Regular Debating Matters judges such as Tiffany Jenkins, Dr Shahrar Ali, and Dr Jim Panton were accompanied by peers from the House of Lords, Lord Borwick, Baroness Vere of Norbiton and Lord Wood of Anfield. Students were later given the chance to tour the Hous8 of Lords. showcasing the importance of debate to maintaining democracy and political discussion. Competing in a venue at the centre of British ijemocracy brought a sense of gravitas and recognised the vitality of the competition, hoping to push these young debaters forward in their intellectual journey and instill the importanc8 of democratic decision making. ¢) House ol LDrds / photography by Roger Harris The international competition between the two countries commenced in the spring term on 1 March- three US teams took on three UK teams. The students engaged in a range of topics, with motions centred on technology, l(leas .. McittL'r Overall, this was a successful year for Debating Matters, both continuing successful competitions and opening new pathways for collaborations and experiences. Q House ol Lords / photography by Roger Harris Page Ideas Matter Company numb8r 11213433 1 Charity number 1178999 Ideas
Living Freedom This year Living Freedom continued to expand In January 2025, the forum looked at the threat its summer school and forum events, allowing of tyranny in the 21 st century, understanding young people to evaluate and address the how the concept has expanded and changed challenge of renewing freedom in current times. since its use in Ancient Greece. The Living Freedom summer school continued to expand, with over 100 attendees, which deepened the dynamic atmosphere and the range of ideas and opinions discussed. The summer school ran a packed schedule, covering contemporary topics from extremism and religious freedom to decolonisation, while also encouraging young people to grapple with more traditional ideals related to freedom, such as toleration, the Harm Principle, and the Enlightenment. We also held university forum events, starting with an event partnered with Stud8nt Academics for Academic Freedom, looking at whether the culture wars have captured universities, and asking questions about whether this changed after the election of Donald Trump, and the impact of the culture wars on intellectual vigour and research funding. Living Freedom continued to host forums throughout the year. The forums. mostly taking place in Westminster, discussed a range of topical debates. These started with the crisis of civility, unpicking how and why social norms are being eroded. and whether civility can help us overcome our political differences. In August, Living Freedom ran another forum on the US election. reflecting on what was at stake for the rest of the Western world and the challenges or opportunities for freedom it could bring. These events were well attended and those who came were highly engaged, showing the need for in-depth discussion and debate to be facilitated outside of university institutions. Page Id8as Matter Company number 11213433 | Charity number 1178999 Ideas
Living Freedom Living Freedom organised a series of discussions at the Battle of Ideas festival 2024, covering topics such as Gen Z's dissent, socialisation and equality laws, where several Living Freedom volunteers and alumni participated in the panels. This also opened the opportunity for a young freethinkers, mixer, bringing together initiatives in defence of freedom led by the 'next generation, This highlighted the relationships and networks Living Freedom has been able to build and cultivate through bringing young people together discuss difficult topics and political divides. These discussions were made possible through the support of The Snider Foundation. Living Freedom has been able to deepen its networks with young people advocating for freedom in the 21 st century. This is demonstrated by the continued relationship with young advocates for freedom who support the running of Living Freedom, as well as their own ideas and projects. They continue to provide insight into the most pressing discussions around the threats to freedom today, as well as volunteering at the summer school and on the Ideas Matter stall at the Battle of Ideas festival. In February 2025, Living Freedom launched its Substack, allowing a stronger engagement with 8ttendees who can follow it as a newsletter, to continue conversations in defence of freedom throughout the year, and keep up to date with upcoming events. Page Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
The Academy Wè werè delighted to put together another edition of our annual project The Academy. This year. under the title 'Civilisation Under Siege. we asked whether the foundational values of the West are facing an existential crisis. the Classics to the contemporary crisis of antisemitism. Key questions on the agenda were.. Is Western civilisation threatened by external enemies, or an internal loss of confidence? What are the consequences of the drive to 'decolonise' our culture? How can we defend universalism in an age of identity politics? Why have institutions turned against the traditions they were meant to preserve? eas tter ate We were lucky to be able to involve some of th8 moment's most important thinkers and commentators, including Professor Frank Furedi, Dr Tiffany Jenkins and Andrew Doyle. As an additional bonus for the event, we were able to benefit from the recording of the main lectures, which were released on our YouTube hannel enabling access by a wide audience. We are delighted that the content and spirit of the event was of its normal high standard. It was a return to our regular event venue. Wyboston Lakes, where a large audience- including a number of students on reduced- price scholarship tickets- came together for a weekend of serious thought and reflection. As ever, it was a chance to ask hard questions and reflect in good company on one of the most pressing cultural issues of our time. Sessions tackled a wide range of issues and events, from the geopolitical shifts challenging the West to the 'politicisation of the past, in museums, and from the importance of Page Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Our public benefit Ideas Matter Company number 11213433 | Charity numb 1178999 Ideas
Assessing our public benefit for the year Ideas Matter has suggested using the following professionals, creating a genuine cross- criteria to judge the effectiveness of its projects generational exchange. The quality of debates: are the speakers well-informed, do they present their arguments well and have the topics and presentations engaged the audience? Geographical spread: can the organisation successfully produce events beyond London. both in the UK regions and across Europe. broadening the experiences that Inform the dls¢usslons7 This year, the intellectual vibrancy across our projects was exceptional. Debating Matters This year marked a significant widening of produced 20 new or updated topic guides. our geographical footprint. Debating Matters ensuring students were equipped to deliver demonstrated impressive reach by hosting what judges described as an "extremely high championships in the North East (Durham) and level of debate" on complex motions regarding Berlin, while launching a Transatlantic pilot that reparations and free speech. Living Freedom connected students in the UK with peers in the fostered a dynamic atmosphere where US. The Academy took place in Bedfordshire, young attendees grappled with demanding drawing attendees out of the capital, while our concepts-from the Enlightenment to the digital presence expanded globally through crisis of civility resulting in highly engaged The Academy's YouTube lecture releases and university forums. The Academy maintained the launch of the Living Freedom Substack, its reputation for high standards, featuring allowing audiences worldwide to engage with prominent thinkers who led serious reflections our work. on the existential challenges facing Western civilisation, ensuring the content remained challenging and pertinent. The size and mix of audiences: have the debates and other events attracted slzeable audiences that include a reasonable cross- section of society? Our initiatives successfully attracted diverse and growing audiences. Debating Matters involved approximately 260 students and 80 judges, mixing state and grammar schools with international teams. Living Freedom saw its summer school expand to over 100 attendees, effectivèly cultivating the 'next generalion, of advocates, while The Academy brought together around 200 participants. Crucially, The Academy continued its scholarship scheme, ensuring that students and those on lower incomes could attend alongside established Page 13 Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Our year in brief 400 Young people involved Participants from across the world engaged Much-improved online resources, videos and debates 14,000 Views on our hit lecture from Andrew Doyle Page 14 Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Our year in quotes Debating Matters "I think just from the whole idea of there being two different sides-except there's not just two different sides to a debate, based on the fact that we have conflicting ideas, but then also the blending of them and seeing where that takes you. I think that's what really impressed me today and I really enjoyed it. Student, Aylesbury Grammar School, DM House of Lords "I thought it was a really great event. I thought hearing the student debaters was excellent, and then the contribution from the other students in the room was also really enlightening. But what I was really impressed by was the ability of the students to make cogent arguments and to stick by their points. even though they hadn't necessarily chosen which side of the debate they were going to be on. And that's really difficult. Julie Smith, Member of the House of Lords Llving Freedom "Living Freedom provides a much-needed space for debate and discussion. The conversations were lively but nuanced and it was a wonderful chance to listen to some of the brightest minds the next generation has lo offer." Max Sanderson, speaker "A refreshing opportunity to have honest, intellectual conversations and hear new perspectives from the speakers and fellow participants that challenged my beliefs and left me wanting more." Ashton Evans, participant The Academy "The Academy offers something you simply can't find elsewhere.- a space where history and philosophy are treated with the seriousness they deserve. It was exhilarating to spend a weekend dissecting the crisis of the West with such intellectual rigour and honesty." Academy Attendee "Coming to Wyboston Lakes felt like stepping out of an echo chamber. The mix of generations and the quality of the speakers challenged my thinking on every level. I left not just better informed, but genuinely energised to defend our cultural values." Academy scholarship CIpIent Page 15 Ideas Matter Company number 11213433 1 Charity number 1178999 Ideas
Accounts 1178999 Ideas
Summary Summary Unrestrlctod fund5 R•81rScted Incom• Totsl fund8 funds Prlor aT fund8 In¢orne Donations and legaclss Charitable activitie8 132,216 77,207 3,923 22,611 154,827 52,844 77,207 68,926 Othgr 3.92a 2.152 Total 213,348 22.611 234957 124922 exndItU. Raislng funds Charllable activitie8 13,562 13,562 12,732 98,161 128.396 23,231 165.188 48,158 27,611 156,007 Other 23,221 16,782 Total 27,811 -5,000 192,799 127,875 Net incomellexpendlturel before tax for the reportlng p9rlod Tax payable Net Incomellexpenditurel after tax bèfor& Invèstment galnslllo$se51 Net Incomellexpendilurel Not mo¥arnent In fund• 43,158 -3,753 48,158 -5,000 43,158 -3,753 48,158 -5,000 43.158 -3,753 441S8 43.158 -3,75J Rocon¢lll8tlon of fund&. Total funds brought forward Total fvnd8 canlod forward 171,422 10,830 182,252 186,005 219.580 225.410 182,252 The Ideas Matter policy on reserves We have a Reserves Policy that has been agreed by the trustees. In short, it states that.. We will hold reserves to protect itself against major risks identified in the ReseNes Policy Ideas Matter will aim to accrue reserves of one-year operating expenditur¢ Trustees will monitor progress in accruing reserves Pag8 17 Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Balance sheet Summary Unrvdtrlcted funds Re8tri¢tsd income Totsl fund¥ funds Prior year funda Flxed 8888t8 Iritangible assets Tan9ible assets H9ritag8 assots Investments Tot81 fixed aM•ts Curront asset Stocks Oebtors 3,071 Investments Cash at bank and in hand 219,580 219,580 957 5,830 225,410 179,181 Total currant 888at8 225.410 182,252 Cr8ditors'. amounts falling cjue withln one year Net current a8sets/lliabilitiesl Total a••ot? 19¥8 current Ilabllltl•• 957 218,623 5,830 224,453 182,252 214e23 224,453 182.2S2 Creditors.. amounts falling (Jue after one year Provl8ion3 for liabilities Totsl ngt a8aot¥ or Ilabllltl•• 214823 182,252 FundB ot tho Ch*ilty Endowment funds Rastrlcted Income funds 5,830 5,830 218,622 10,830 171,422 Unrestricted funds 218,623 Ravaluaiion reserve Falr value re89 Total fund8 21&V23 2244S3 182.252 Page 18 Ideas Matter Company number 112134331 Charity number 1178999 Ideas
Income Analy818 of Income Unr88trlctsd lund8 Restslcted Income Total fund8 fun¢J8 Prfor ytsar Donatfjon8 an(11ogacio8: Qonations and gift8 Gift 36,427 53 36,480 25,858 10,820 10,820 8,986 Legacle15 General grant8 provided by gov?rnmenVoth&r 84,969 22,558 107,527 10,000 Other Tr>tsl 131216 21611 154027 54844 ChBrStBbl• act1¥10#. Debating Matter8 Th& Academy Living Fr88dom Oth8r 30,585 30,585 25.575 34,329 34,329 25,388 6,405 6,405 17,963 5,888 77.207 5,888 T¢>tsl 77.2D7 Othor. Other 3,923 3,923 3,923 2,152 2,152 Totsl 3,923 Total Incom• 213,848 22,811 Z35.957 12a.w22 Page 19 Ideas Matter Company number 11213433 | Charity number 1178999 Ideas
Expenditure & restricted funds ExndItre Analy8J8 Thls year Unre&trlcled RgStri¢ted Total funds Incorng fvnds lund8 Last year Unrastrlct- Restrlct•d Total fvnd8 lunds Income lund8 Exp•nditura on raising funds- Incurred seeking donations Incurr8d seeking legacies Incurr8d s•eking grants Advertising, marketlng, dirèct mail and publicity Total •xp•ndltur• on rolng funds Expèndlture on ¢harltabla actlvltle¥: Debatlng Mattgr The Academy Liv5ng Freedorn Fr8e Spg8ch Championsloth6r Totsl expendttur• on Gharftabl• aCtitIO¥ 5,700 5,700 6,ODO 6,000 5,OQ) 5,000 5,000 5,000 2,882 2,862 1,732 1,732 14502 13,502 12.732 11732 15,831 43,507 5,558 21,389 22,962 1,000 470 23,962 40,391 53 43,580 39,921 24,673 17.000 41,673 8,637 25,172 33,809 44,384 128,396 5,000 49,384 15Q006 71.520 27,811 91182 Oth•r Support C08ts Olhgr offlc8 Costs 17,765 17,765 5,466 12,000 4,781 12,000 4,781 5,466 TolBI othor oxpendllu TOTAL EXPENOITURE 23,231 23,t31 1e.781 1&781 165,188 27,811 19&789 101,033 127075 Rtrstricted funds Balance al 1 Aprll Incornlnu 2024 rosour¢e8 Resource8 oxpended Balanc¢ at 31 Mah 2025 Donations to Llvlng Freedorn 02kdale Trust 17000 17000 750 750 Thomas How@11 Trust 1500 1500 FSC Charitable Activitiès 8580 5000 3580 Donations to The A¢ademy Rlslng Tid8 Foundation 53 53 5558 5558 Total 17053 22053 The nature and the purpose of the r8Stricted funds can be summarised as follows.. During the course ol th8 year we received funding lor VIng Fr8edom Summer School and The Academy. Page 20 Ideas Matter Company number 11213433 | Charity number 1178999 Ideas • Matter
Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of Ideas Matter trustees.. Full name: ¢I¢iLIC Ao/ HL)LLfvV Signature: Position: Date: 29 >zf Page 21 Ideas Matter Company number 11213433 1 Charity number 1178999 Ideas
Ideas .. Matter Charity number 1178999 Company number 11213433
Ideas Mattér Annual accounts for the eriod Period start dale 0110412024 To Period end date 3110312025 Section A Ststement of financial activities (including summary income and expenditure account) Restri¢ted income funds Racommended categories by activity Unrestricted funds Endowment fund$ Prior year fund$ Totsl fvnds Income (Note 3) F01 F02 F03 F04 F05 Inc+Jrn arKI endr#m¢rts fron5: Donahars 132,216 77,207 22.611 154,827 77.207 ChwiWextivitie5 ¢)ty%r 68.926 ITlm•$ SwaiemaiÈri item dir*thne 3,923 3.923 235,957 2,152 123 922 Total Expenditure {Notes 6) Exponthture (. 13.562 128.396 13,562 156,007 12.732 98.161 sio $11 23.231 165 188 23,231 192,799 16.782 127 675 Total Net incomel(expenditurg) before tax forthe reporting period S13 48.158 5.000 43.158 3,753 Tax p4atle S14 Net incomel(expenditure) after tax befo investment gainsl(losses} S15 48.158 5,000 3.753 NthgaiMlllcsse51 ifNthher•3 S16 Net incomel{expenditurel Extraordinary iterns Transfers between funds Other recognised S17 48.158 5.000 43.158 3.753 S18 S19 ¢blty,$ Lwnw S21 Net movemont in funds Reconciliation of funds.. 48.158 5,000 43,158 Tcia [ts fard 171.422 219,580 10.830 5,830 182.252 225,410 186.005 182.252 Total lunds canied fonyan Page 1 0119
Annual accounts for the period Section B Balance sheet Ro$tri¢t¢d Ihestyicied In¢tyne Guthrte noie furKts Totsl Ihis year Totsl last year Fixed assèts Intangibl¢ assets Tangibte assets HeriiagÈ assets In¥tmentS Toi& fwedasxt5 Current assets Stocks Oebtors 3.071 Inv•5tment5 Cash at bank and in hand 219.580 219.580 5.V30 5.830 225.410 225.410 179.181 Total¢urtvniAss¢ts Cre(fftors: amounts f811ing due within one yr 957 Net cun1 •s$etlI1•bj1{1{tsj Totalassots less cunpnt liabilities 218.623 218.623 224.453 224.453 182.252 Cr¢rfrtors: amoun1$ falling duo afterone year Provisions for liabilitios Total net assets orllabllltles 218.623 224.453 182.252 Funds of the Charity Endowment funds Restrtcted Income funds Unresirlcted funds Rvaluaiion r¢s¢Th• 5.830 10.830 218.623 218,623 Falrvalue reserve Total funds 218.623 5.830 224.453 181252 Thecompanywas 8nti(led to ex8mptAon fmm 8udit uftders4ll of the Comp8nlesA¢t 2006 rnlating to smallcompanies. Th•membws hvtrn¢i rtquirtl the Gompèny to obt•in •n auditin with S11n 476 of th• Comp•ni•s A¢¢ 200& Thè dlrnciots 8eknowl&dg• thwrnsponsibiliti•$ for¢omptying with fh•rn¢uirnm•nts ¢4f th• Companles Act with rtspect ro attounting rtcornfs and thèpJTrpartion of acc4unt$. These4C$S have been prepwvd in a¢cordaftc• wilh thepmvisions applicable to small ¢ompanles subJ•ct to the smallwmpanlesrEgime andin accordance wlth FRS102 SORP. SwJned by one ortsw) tn15teesld¥vCloOn beha ol al the tnJsesldve¢AO Priii Na Date of Jval Sgnaiure aulhon1lg accounts being seni 10 C•nw8n*s tr4)use Date Swalure ddl m¢ Pa9e 2 of 19
Section C Notes to the accounts Note 1 Basis of preparation This se¢tion should be Completed by all charities. 1.1 Basis of accounting These accounts have been prepared under the historical cost conventh)n with items recognised at cost or transactK*n vakje untess otherw6e stated in the relevant nole{s) to these accounts. The accounts have been pre ared ki accordance with: the StatewEnt of Recommended Practe. Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard apPab in the UK and Republic of IreLqnd (FRS 102) issued on 16 Juty 2014 and with" and with" the Financial Reporting Standard appIab in the United Kingdom and Republic of Ireland IFRS 102) and with Ihe Charities Act 2011. The charty constitutes a Publ benefrt enlty as defined by FRS 102." -Tick as appropiiate 1.2 Going concern If there are matwial uncertainties related to events or conditions that cast significant doubt on the Charity's ability to Continue as a going concern. please pmvide the following details orstate "Not applicable", rfappmpriate." An explanat as to those factors that support the ¢on¢lusKsn that the ¢harty is a going Concern- Not applicable Disclosure of any un¢ertainlies that make the going concern assumptw)n doubtful: Not applicable here accounts are not prepared on a going concern basis. p]e2se di8ck)se this fact together with the basis on whh the trustees prepared the accounts and the reason why the charty not regarded as a going concern. Not applicable Page 3 of 19
1.3 Change of accounting policy The accounts present a true and fair view and no changes have been made to the accounting pokies adopted in note { }. Yes" -rtd( as appropriale No. Please disclose.. (i? the nature of the change in accounting policy," fil) the reasons why applying the new accounting policy provides more reliable and more relevant infonnation,. and (iii) the amount of the adjustment for each line affected in the cuffent period, each prior period presented and the aggTrgate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP. 1A Changes to accounting estimates No changes to Yes" -rick a5 appropriate Please disclose.. (i) the nature of any ¢hanges." (11) the effect of the change on income and expense orassets and liabilities for the Guent period,. and (111) where prdcticable, the effect of the change in one or MO future periods. 1.5 Material prior year errors Page 4 of 19
No material prr year error have been #Jentifed in the reporknng per*)d (3.47 FRS102 SORP). Ye5" -r¢ck as appropriate Please disclose.. (i) the nature of the priorperlod effor (li) for each priorperiod presented in the accounts. the amount of the correction foreach account line item affected,. and (iii) the amount of the COntIon at the beginning of the earfiest priorperiod presented in the accounts. Page sof 19
Seclion C Notes to the accounts Icorbtl Note 2 Thls startd¥rdllst ol accovntingpoll¢le$ has b8•n Accounting poli¢s 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Pl(tas• provide a description ltho nalure ol •a¢h chan9e In actounling polity Re¢on¢lllaiJon of funds porprnvlous GAAP to detsmntrd ufiderFRS 102 End of pèrlod stsrtof rIt)d Fund balances as pr•vloysly stated Adjusthénts." Fund balan¢e as r¢¥tst¢d Roeortelllation olnatinctrmql(no¢•xpgndltyr¢)perprnvlwA GAAP fo Il•tin¢nl(netexwditswel und¢rFRS IT02 End of N•t In¢amelloxpondibJrnl a8 w•vlously stst•d Adlusth>ents.' Provlgus p•rlod not In¢om•ll•xwthdllurèl as rèststod Page 6 of 19
Section C Notes to the accounts (conti Note2 A¢countbng policie$ 2.2 INCOME R•¢OnnIOn ol IncrKne These art ihe Statetteni ol Fnanoal AciMiS ISoFAlwen". the rknaniv becons enirtkd to Ihe resoutces." hkefv than not ihai the tru51ee5 v•l re1 the Rsourtes." the rrnnetary value cafi b¥ na5ure¢J Ydlh Sufflent 10Sab•Y. No. ONJ•llin has been no oNseit&ig of8ssets and Trabks. orm¢oTr 8nd expenses. ¥nk55 quwed or pem8d by the FRS 102 SORP orFRS 102. Yes" Nla. Gr•rtts and dOnaon¥ Giants and doatt5 80 onty iTrthded il Ihe SOFA the gene recopnit•n ¢)tteriè art rrnt {5.10 to 5.12 FRS102 SORP Yes" Nla" In Ihe rase of perfoffrAnce r¢Lated 9rants. incorrrt st onty bo r8ts)9nised to the extent that the charity has ptovvJe¢J the sPed g00dsors8rvs a5 entilment to Ihe 9r8J)I ontyotturd then the perfomvn¢e retsTrd condwJn5 a A%i15.16 FRS 102 SORPI Yes" No. Nla. Legatyes ere ¢Jded n the SOFA r8t8ilt $ PJDbab. that ts. th•n th8Tr ha$ botrn grani of p>bale. the exe1r$ havo éStab&5hed Ihat IheTr are suffK?&nt assets in the estate and any o)nortt¢D5 attached to Ihe 98ty art oitherYAhtsi Ihe rxintrol ofthe ¢h¥nty orhave been Loga¢le$ Yes" Nl" ov•rnment 9rants Th• chaiityhas ¢éed govemrnBnt 9wts th the rdpothg peTrJd Yes" Nf2' Gffl ih¢on then there s a fv)m the donor. Tax w¢[ma On d•Miions Any Grff AJ arrnunt w¢oveTrd on a donatrn is o)nsiJ•red tyj be part of ghai gft and (s and 91ft8 08 as an ¥ddrt¥Jn the san bjnd 8$ thtr rtial donatK)n tsnss Ihe dooororthè lerrr& ol Ihe appeal have Sptiyfd Oiherw&e. Ye5" la. COntracal In¢om¢ p•rfomw#c• r•ltsd syants Thts ts onty lje il the SOFA once Ihe tharrty has prnvNlel the retsied goods or SOTh$ orThi the p&rfoDrAnc¢ reIed condw)ns. Yes" Ilonatyd wds Donated goods aSUd at faY¥ae{lh8 aWlt lorhth the a55el ¢oukl be exthangedl ry¢1 ts do so. Ye5. The cosi of any slod( ofgoods donaied lordtbTr benefK0res is deeryd to be Ihe law¥ae of Ihose grfts al the i¥r ol therreeeiit and they a l>j9nd on p1. In th¢ teporting per Ihe stocks Oslributed. lheYa [gned a$an •Mpense al the carying amaurst of tho SlO¢kS at dWburb)n. Yes" No" Nla. tbnaied gooos lot rrare ai faYYatyJ6 on reoJ9nlKin. the éxpected PTDceeds from Sa ss the e¥4)ected costs ol sa. and w¢ogntsod in'lncome fmm Olher ld9 aGlwQs' Wrfh Ihe coNespondMIg s10¢ rEco9ned bi ihe baLan¢e sheei. On ns sa Ihe of $t¢¢k is tharyed agaS1.1nc4?rne from Oihortra4Jin9 aLwQws' and the proceeds 1M ar8 a0 recognL5ed as'ln¢on fromoiherlrdoing ac5.. Yes. Wa. Goods dOnad toron40ll use by Ihe charfty are re¢ogn6ed as fL¥èd assets and duded thg SOFA as i1Lonig 1osou(¢6s Trb[9. Ye$. fQla' Gffts in killj foruse by Ihe Gharty ar• the SOFA as trom donatons rBcewdbk. Yes" Nla. Donatsd 8erYlces 4nd laclllles Dort8i¢d 30rvxes and facs3w Kded SOFAthBn 31 the vakn8 olthe glt 10 the charty Pro¢ th8 vabJe oi thè gfft ran be w¢asvr8d r61obty. Yes" Nla" [n¥t84 sefvtés an¢J iackns thai3r¢ vMdiatety ao recognoed 0$ incorr %h an 8qUh•nt armunt rec09fi 888* expense underthe approprièle haadng in Ihe SOFA. Yes" Pua" Yes. Nl8' Page7of19
Volunleer h¢lp The wae of anyVolunry recehd s not incSJded in Ihe aOull$ Dut 1$de5ce0 il Ihe Iwslee5' annval teport. Yes. lrt¢ome from intero$( royalb•S and divldend This is nthded ffj the ac£oUntsèn pc¥il s pmbats afid Ihe arrounl leWab tan bÈ Kta$uwd Trliabty. Yes. Income from memborshlp Vmbethip subscrpwJn$ teNed in Ihe natu ola gdl are ¥ecouni%ed in tknnaions and subscrfpUon Leg3CS. Y85" Nla. mber5hp SUbS¢n5 gNes a JerIme r¥hl 10 buy servtesorotherbenefrts a rtLx)gned as eatned In)m the provwn ofgoods and seryKe5 as c01 fmm choriiabb 8dryit$. Yes" Nla" SolU¢me•t ol ith¥uwance ¢l•lmz Insurance are onty mded * tho SoFAhen the generdl reco9nitnn ¢ntetia arp mei15.10 EO 5.12 FRS102 SOFIP)and a I)ded a5 an item ol other in lh6 SOFA. Ye5. Nla" Invgstrn•ntgaln ar lossos Thi5 any 8$6 orunrBaW gails Ofknws un the sakn of investhnts and any 9¥ orhs5 r¢sulng Myestn1S w matsl v8Je al lh• end ofthe year. Ye5- Wa. 2.3 EXPENDITURE AND LIABILITIES LtsliS ap ttth)ghtsed vthÈfE it is rrrf)rB Wtety than noi thal 3 931 Dro)nruthNe ob&gaiA)n wmrTh¢tng iha charty 10 payoui rn5OuS and the 8nX)vni of tho oblyalnn can be fft0svd vrth reasonab certaDIiy. Govérnance and Support Support L¥Jsts have been abxaied tselen 9o¥ernan IW$8fiLI Olharsupport. Goveman¢e th)Sls (xmpr&e all costs th¥0•)9 pubkaLUbUnEabty Ollhe chariy and ¢ortylrance Wih tegubts)n and 9uod prac. Support cosls tyithde Central fun&$ and haye been 3&wated athty tOSi categ05 on a basis wnstsieni the use of resour¢e$. e9 8)¢aifftg pBJperty $t5 by Ih)or8re8 orperL3pla. staff C4lSts by the tiN spent and Oiherutsts byther usa9e. Yes" Liabllity reGognldon Yes. Nl8' Yes. No" a. Gr¥nts wlth wrfoffliance Where the ¢harty 9ThS 8 grnnt condrfis tors paTrt a spp&K Yel of Conthllons seThKe oroulpul lo be provKled. such 9ran15 onty reojgntsed •l the SoFAonce the reopvènt ofthe grnni has ptDvrfJe¢J Ihe specrfd oroutput. Yes- Grants payable without p•rlormance condlOr4ns eTr lhe affj no o)nrfrtK)rtS attachng Io Ihe 9rnni that enabs the donurthaty to ealL$lty awJJ the corrrfrimnt. a &8b&ty forlhe ful funding obtg31kin nvJ$t be recogntsed. Yes" No" Nla. RothJndancy cost The tharty rrolje no JpdundaThcy pawronts dur•l9 Ihe wportwl9 pefvd. Yes. No. Nla. maler em of d6leThEd has been i7e th Ihe 8CCLWn Yes. Nla" Cr•dlicrs The thatityhas Creditors aB n%ogJred ai seiuènni anbjunts ssany trade dwiuThts Yes- No" Provlslons for Il•bllltl¢s A 15 m2a5ui2d on recognthn ai ds hisitstlr¥ c051 and Ihen subseqventy Thasvrad at the tse oftho arfrf)UnE ¢Equwed io seiikn Ih¢ ob&38ts)n at Ihts roportin9 dale Tha ¢harty aOnts forbasrfmancial fftstMffnts on rtl a5 por paragraph B•$lc financlal Irbsrrwnonts 10.7 FRS102 SOITr. SubsegueThi ffasureffoni ¢8s ptrrparnuraphs 11.17 to 11.19. FR$102 SORP. Yes" No" Nla" Yes. No. Nla. 2.4 ASSETS Tanglblo flxfrd agsets for u$e by ¢haFity Thosè capitaf¢ed rf Ihey tran b& used forffwJR Ihan one ar. and al asi They arn ¥aed at MSL Yes. Nla. The depTrclaiTr rales and methods u¥8d ate li8$0 in nole 14. The charity ha5 awls. thai s. no¢Hr•lDetary a5se¢s that do not havè phy5ral subslan bui a KYeniff4b and aR wnlTrJled by the thanty th9h $tOdY or 931 r¥hlS. The anrtrAaLvn rats5 and rnlhods use¢J affj d6cb5ed In note 15. Inlanglbl¢ a¥s•ts Ye5" Nla" They ar? Yatyed 8lO)SI. Yes" No" Nla. Page 8 of 19
Tha (arfy Thas hernago a1> that t& non-ff•riaty8SStsts Yth htstorG artth¢. sNir. lechn¢bgtal. geophy5K4lor envDDnttrnlal qualiti?5 that a hebts and mamlaine(S pnncyaty lorthewconirfJui•n lo noge ¢u#ur¥. The ¢jeptIaln rates and rféthods used as dwb)8ed il 16. Herltsp as$•ty Yes. Wa. Yes. Nla. They a ¥akned 81 ts)Sl. FL¥ed asset inve51w£nis in quoted Shares. tnded bond$ and mlarinveslments a v8>Jed al bithatyai cost and sub5equentty ai raYvatyJe Ilhow m3¢Kei ¥ae) ai the yearend. The S8mB IalOnI s appl¢d 10 Unlted xivesiments tsnloss faKwde cannol be rrAA$ured kbly Fl ¢as6 il ffoasured at ¢OSl kn$s tyayrrent. Invesbn•Thts Yes" Nla. InSIrn1$ hélj lorr253k orpendl9 ther5a and cash and (ash eouTh1ants th a Aluiiiydate of ss than 1 yearaw tread as Liinpnt asset MI5nts Yes. Sto¢k¥ •nd in progress Stoc& heky forsakn as part ol nonrfhab IAde aR m?3surnd at Ih8 hmror vJstornot ahSab vabje. Ye5. No" Goods or $trryKs prDvJed as part ofa ¢hartab acEi¥ity are at h&t rEa5ab vabje based on the poi6nlHI p¥thd by lottOf SknL Yes" No. Worft In pro9ress ts valued airw anyforeseÈab bs5 that to (¢tsJron Ihe Jnlrdcl. Ye5" Nla" OebtQL% (Inj trad8 (lebtots and knans w¢0Wab)a on te¢ognAvJn al arrnunt afteranyirailtr ¢Ji5counts orarrA)unt advanted by ihe chaTiiy. Subs¢qu¢nUy. thay3 n3sUd ai the e48h oroiher ConsKIetKIn expea8¢ re¢éNed. Ye5" Thg Laty has it hopjs forTrsal9 or pen4JwTrp theIrSa and cash and Currnnt asset Investrnents rash equNabnis wrth a matuntydate kss than one year. These ffjthde cath oh deptss and cash equr4atS a t31Y ol bss than one yearhehj for yestEn1 purposes Rlherlhan to medt shon4¢m o3sh rrInertts a$ thovfau duè. Yes" No. Nla. Yes. They are ¥ae0 81 fa¥akJe ep1 they quaSfyas bas fnanclal inslrnThonl& POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSEABOVE Page 9 0119
Section C Notes to the accounts {cont> Note 3 Income Unrestricted funds Prior year Donations and legacies: Donal¢ons and grfts GrftAd Legacies General grants provided by governmenvolher charities Membership subscriptions and sponsorships whh are in substance donations 53 36,480 10.820 35.858 6,986 84.969 22.558 107.527 10.000 Donated goods. faciktEs and serve5 Other Total 132,216 22.611 154,827 52.844 Charltable aclivities: Debal¥ig Matters 30.585 34.329 6.405 30.585 34.329 6.405 5.888 77.207 25,575 25,388 17,963 The Academy Lwing Freedom Other Total 77.207 68,926 Othertrading activities: Other Total Income from investments: Interest income DThiidend income Rental and leasing Corne Other Total Separate material item of income Total Other. ConversDn of endowmenl funds into income Gain on disposal of a tangib fixed asset hekl for charty's own use Page 10of 19
Gain on disposal of a programme reL4led investrnent Royalties from the exph)rtatn of intevectual propety rbJhts Other 3.923 3,923 3.923 3.923 2,152 Total TOTAL INCOME 213.346 235.957 Other information: All income in the prior year was unrestricted except for: (please provide description and amounts) Academy scholar fundraiser- £53 Flsing TKle FoundalK)n - £5558 MacTaggart Foundation £5000 LNing Freedom £12000 lan Donations lo Where any endowment fund is converted into income in thg rgporting perlod. please give the reason for the conversion. Whero any ondowment fvnd Is ¢onverted into income in the prior periodi please give the reason for tho conversion. Within the income items above the followlng item5 are material: (please disclose the nature, amount and any prior y•ar amounts) This year- Where sums originally denominated in foraign currency have bggn included In income. explain the basis on which those sum$ have been translated into sterlin9 lor the currAncv In whlrh thA AeeoiAnt Ar(t drAwn uol_ Last year= wthere sums originally denominated in foreign Currency have bagn includgd in income, explain the basis on which those sums have been translated into sterling lor the rrAnev irt whith xttount xr¢t drxwn utsl. Page11of19
Settion C Notes lo the acGouD15 Note 4 Anatysvl of receipt5 of gover{ent granis Thb%y•ar Govornment qRnt 1 G0Mment grnnl 2 Gov¢mm4nt granl J Olh•r Total Lastal G•v•mm¢nt 9fdkll 1 Govèmment grani 2 Govofflrnent gr3nl J Other To PlÈasepmvlde deiallsof any LIn1filled condltlons Jndothqr¢oniinBendqs aitachlnp to gAnis thathavo bo¢n rncognlsedln Incom¢. Th Please qlve detalls of othorlonns or govommqnlaTslst•ry¢frnm whlch th •rftyh•$ dIealIt¢ Pa9e 12 of 19
Section C Notes to the accounts Icontl Note S Donated go(Kb. facilitie5 and services This yr L35t year Seconded staff Use ol property Offke ¢osts 783 76.379 Thls ar Last ear Pleaso provlde detail$ ol th a¢¢ourtting policy for th8 recognition and valuation of donated goods, fatylities and Donaiitn of setondtrd 51aU by Acadery of Idea5 10 Ideas Matteras agBed in the ManageTrEnt effnt tk+naknn of Seconded staff by Academy of Ideas 10 l¢eas Mailer as agreed in Ihe Management eft*ni Please provlde detalls of any unfulfilled conditions and oth¢r¢ontingenwe$ attaching to resources from donated goctds and sery1S not re¢ognlsed In income. Please glve dètail$ of otherlonn5 Of other donated goods and sorvice5 not recognised In the a¢¢ount$. ¢9 ¢ontribution of unpaid voluntser5. Page 13 of 19
No.'c5 lo the Jctounls N¢t¢ 6 EXpor[tUr• •nditU Ifurrqd lunrt•'. IThGurr•d siw Tot4texp•ndhw•ln luff 31.389 43560 16rJ 39.921 4P0 Fi¢<d& 246rJ 17.( .172 21 Tot h•r 05ts OIMioffta¢os¥ 17.765 TO1¢¢hr¢ndftUI TOT ElND[FUR£ 23131 IE5 ia& 232Jl 2E.642 Olhvknlorm•llvn: Th Gryrt Co•ts rXr#4•n qThcty T(ts¥Li1 Ta L••lyiir. kMThlnEIuthdln•zp¢rO. Pw• Pw14&1
Section C Notes to the ac¢ounts Icontl Nots7 Extraordinary Items Please oxplain thè n4lur8 oleaeh extraordlnary item occumng in theperfod. This year Last year Descri tion Extraordinary item 1 Extrnordinary item 2 Exlraordinary itèm 3 Extraordlnary item 4 Total extraordlnary items Page 150119
Seclion C Notes to the accounts Note 10 Details of certain types of expenditure Notg 10.1 Fees for examlnatlon of tho a¢¢ounts Plèase pmvlde detalls of the amount paid loranystatutory extemal seKutiny of accounts and otherservices pmvlded byyourindependent examiner. If nothing was paidpl88se enter'o. In the appropriate box(es)- Thls year Last yèar Independent examln8rfs f$ Assurdnc• s•rvices other than independent examination Tax advisory f•É$ Other fees Iforoxampl•: flnaneial advi, con5uttancy, accountancy servlces) pald to the independent oxamln•r Page 160119
Section C Notes to the accounts Icontl Note 19 Debtors and prepayments Please complete this note rfthe charityhas any dèbtots orprepayments. 19.1 Analysis of dèbtors This year Last year Trnde debtors Prepayments and accrued incomo Other debtor5- VAT Totsl 3.071 Complete 19.2 Whe a maten'al dobtoris CoVebIe morn than a year8fter the rnportlng dat& 19.2 Dls¢lo$uro ot debtors recoverablt in more than 1 year lin¢luded In debtors above) Thls year Last year Trdd• debtors Prepaymenls and accrued Income Other d¢btors Total Page 17of19
Section C Notes tothe accounts Icontl Note 20 Creditor5 and accruals PlÈas8 complete this note 11 the charity has any cr•difor5 oraecruals. 20.1 Analysis of Creditors Amounts falling due within one yèar Amounts falllng du& after more than one year ThÉs year Last year Thls year Last year Accruals for grants payablo Bank loans and av•rdrafts Trad¢ ¢reditors Payments recelvfjd on account fOrntractS or p$rfomiance-relal¢d grdnts Accruals and dgferred income Taxatlon and soc5al se¢urity Other cr•dit¢rs 957 Total 957 20.2 Deferred income Please complete this not• rf the charity has defeffed income. This year Last year Please explain the rnasons whyincome is defeffed. Movemant irt defeffed income aecount This year Last year Balance at th¢ start of the reporting period Amounts added In current period Amounts released to Income from previous periods Balance at th• ènd of the reporting pèrlod Page 18of19
Section C Notes to the accounts Icontl Note 24 Cash at bank afid in hand This ear Last ear Short term cash investments {less than 3 months maturity date) Short tem deposits Cash at bank and on hand Other Total 225.410 179,158 225.410 179.158 Page 19of 19
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustèes On accounts for the year ended Charity no lif any) C4 Z02g Set out on pages I report to the trustees on my examination of the accounts of the above ¢harily {"Ihe Trust") for the year 8nd8d Re$ponslbllltles and basis of rgPQrt As the Gharily's Iruslees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the A¢l"l. I report in respect ol my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions gwen by the Charity Commission under section 14515llbl of the Act. Indopondent tThe charity's gross income exceeded £250,000 and l am qualified to examlner's statement undertake the examination by being a qualified member of linsert name of applicable listed bodyll. D818le I l if not applicable. I have completed my examinatlon. I confirm that no material mallers have come lo my allenlion in connection with the examination lolher than that disclosed below '} which gives me cause to believe that in, any material respect.. the ac¢oLJnting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not a¢cord with the accounling re¢ords', or the accounts did not comply with the applicable requirements concerning the form 2nd content of accounts sel out in the Charities IAGcounls and Reporlsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Please delet8 th8 words in the brackets if they do not apply. Slgned: Date: Name.. ,J Relevant professional qualifieationls} or body IER Oct 2018
lif any).. Address: L.0 r)& L L+ ClnJ SeGtlon B. Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent 6xamtnatlon of charlty accounts: dlrectlons and guidance for exgminersl. Give here brief detalls of any Items that the examlner wlshes to dlsclose. IER Oct 2018