**Charity registration number 1192517**
**Company registration number 12674667 (England and Wales)**
**FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Professor H W DeBurgh|
|---|---|
||Professor A A Szczerbiak|
||Mgr P Rendek|
||R C Moorhouse|
||Dr N V Murray|
||Mr. J G Bartholomew|
|**Charity number**|1192517|
|**Company number**|12674667|
|**Registered office**|30 Finsbury Circus|
||London|
||United Kingdom|
||EC2M 7DT|
|**Independent examiner**|Katherine Parkin FCA|
||Azets Audit Services|
||Epsilon House|
||The Square|
||Gloucester Business Park|
||Gloucester|
||United Kingdom|
||GL3 4AD|
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 16|
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
The Trustees present their annual report and financial statements for the year ended 30 June 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The Charity's objects are to provide information and education about the history of totalitarianism, particularly in the 20th century. It aims to encourage study and research in a variety of ways including the creation of an annual history essay prize on a different subject each year.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
## **Achievements and performance**
The Foundation’s history essay competition for sixth formers has continued to attract an increasing number of students. A total of 150 essays were submitted in 2022-23 compared to 114 in 2021-2022 and 107 in 2020-21. The subject of the essay competition in the coming year was decided upon. It will be “Repression in pre-war Nazi Germany”. This subject is expected to attract a particularly high number of essays.
The Foundation began planning an educational programme about the Holodomor, the famine in Ukraine in 193233. Plans were made for creating a school assembly plan, a lesson plan, a badge and a booklet.
The website was upgraded.
A book was commissioned about repression in the Soviet Union from 1917 to 1953. It has been written. A cover design was commissioned.
## **Financial review**
The charity’s financial position is sound. Funding has been secured that covers the cost of our operations for at least two years as at November 2023. This provides us with a secure background and the opportunity to expand our operations.
The company has more than adequate Reserves to operate as it is on a continuing basis.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Charity is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Professor H W DeBurgh Professor A A Szczerbiak Mgr P Rendek R C Moorhouse Dr N V Murray Mr. J G Bartholomew
- 1 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
Trustees are recruited by developing a wide circle of acquaintances who have knowledge and interest in aspects of the the history of totalitarianism. A diverse cross-section of this group is then invited to become trustees.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees' report was approved by the Board of Trustees.
## **Mr. J G Bartholomew**
Trustee Dated: 15 March 2024
- 2 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
I report to the Trustees on my examination of the financial statements of Foundation for the History of Totalitarianism Ltd (the Charity) for the year ended 30 June 2023.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Katherine Parkin FCA Azets Audit Services Epsilon House The Square Gloucester Business Park Gloucester GL3 4AD United Kingdom
Dated: 15 March 2024
- 3 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JUNE 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**3**
130,316
25,800
Other trading
activities
**4**
1,725
-
Investments
**5**
684
-
**Total income**
132,725
25,800
**Expenditure on:**
Raising funds
**6**
1,725
-
Charitable activities
**7**
62,598
3,790
**Total expenditure**
64,323
3,790
**Net income for the year/**
**Net movement in funds**
68,402
22,010
Fund balances at 1 July
2022
151,490
73,100
**Fund balances at 30 June**
**2023**
219,892
95,110|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
156,116
111,371
61,100
1,725
2,790
-
684
75
-
158,525
114,236
61,100
1,725
2,790
-
66,388
62,540
-
68,113
65,330
-
90,412
48,906
61,100
224,590
102,584
12,000
315,002
151,490
73,100|**Total**
**2022**
**£**
172,471
2,790
75|
|---|---|---|
|||175,336|
|||2,790|
|||62,540|
|||65,330|
|||110,006
114,584|
|||224,590|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **BALANCE SHEET**
## _**AS AT 30 JUNE 2023**_
|**Notes**
**Fixed assets**
Heritage assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds|**2023**
**£**
1,725
198,207
199,932
(2,946)|**£**
118,016
196,986
315,002
95,110
219,892
315,002|**2022**
**£**
3,027
118,185
121,212
(5,886)|**£**
109,264
115,326|
|---|---|---|---|---|
|||||224,590|
|||||73,100
151,490|
|||||224,590|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Trustees on 15 March 2024
Mr. J G Bartholomew
**Trustee**
## **Company registration number 12674667**
- 5 -
**FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **1 Accounting policies**
## **Charity information**
Foundation for the History of Totalitarianism Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 30 Finsbury Circus, London, EC2M 7DT, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Donated heritage assets are recognised on receipt at a value based on Trustees' knowledge and experience.
- 6 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All expenditure is recognised in the period in which a liability is incurred and has been classified under headings that aggregate all costs relating to that category.
## **1.6 Heritage assets**
The Foundation's collection of artefacts are recorded at cost or Trustees' best estimate of vaulation on receipt. The artefacts are deemed to have an indeterminate life and therefore no depreciation has been charged. However, at each balance sheet date, the Trustees carry out a review of the value of the artefacts held.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 7 -
**FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 8 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **3 Donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|130,316|25,800|156,116|111,371|61,100|172,471|
- 9 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **4 Other trading activities**
|**5**
**6**|**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Services rendered
1,725
2,790
**Investments**
**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
684
75
**Raising funds**
**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Trading costs
Staff costs
1,725
2,790
1,725
2,790|**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Services rendered
1,725
2,790
**Investments**
**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
684
75
**Raising funds**
**Unrestricted Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Trading costs
Staff costs
1,725
2,790
1,725
2,790|
|---|---|---|
|||2,790|
- 10 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **7 Charitable activities**
|Staff costs
Legal and professional fees
Other charitable expenditure
Essay prize money
Charity events
Travel and subsistence
Share of support costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Computer running costs
415
-
Professional subscriptions
83
-
Advertising
48
-
Accountancy
3,025
-
Bookkeeping
921
-
Bank charges
55
-
Insurance
294
-
Printing and stationery
625
-
Rates
1,471
-
Sundry expenses
465
-
7,402
-
Analysed between
Charitable activities
7,402
-|**2023**
**£**
52,386
2,500
1,198
2,050
417
435
58,986
7,402
66,388
62,598
3,790
66,388
**2023**
Support
costs
Governance
costs
**£**
£
£
415
480
-
83
-
-
48
211
-
3,025
2,340
-
921
151
-
55
96
-
294
294
-
625
1,271
-
1,471
1,129
-
465
258
-
7,402
6,230
-
7,402
6,230
-|**2022**
**£**
47,702
-
-
5,200
2,554
854|
|---|---|---|
|||56,310
6,230|
|||62,540|
|||62,540
-|
|||62,540|
|||2022
£
480
-
211
2,340
151
96
294
1,271
1,129
258|
|||6,230|
|||6,230|
## **8 Support costs**
Support costs includes £2,460 (2022: £1,900), including £900 (2022: £700) payable to the Independent Examiner for Independent Examination and £1,560 (2022: £1,200) for other accountancy services provided.
- 11 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
||2|2|
|**Employment costs**|**2023**|**2022**|
||**£**|**£**|
|Wages and salaries|52,595|49,022|
|Other pension costs|1,516|1,470|
||54,111|50,492|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 12 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **12 Heritage assets**
|At 1 July 2022
Purchases
**At 30 June 2023**|**£**
109,264
8,752|
|---|---|
||118,016|
The heritage assets consist of a wide range of artefacts from the history of totalitarianism including a Nazi anti-semitic teaching poster, a letter from a prisoner in Sachsenhausen concentration camp, a KGB prison door and a T55 Soviet tank of the sort used forcibly to end the Prague Spring. The collection is for the purpose of display at schools, at Foundation events and at exhibition.
All heritage assets are held at purchase cost.
|**Summary analysis of heritage asset**
**transactions:**
Purchases and additions
Donations
**Total additions**
Charge for impairment
**Total charge for impairment**
Disposals
**Total disposals**
Proceeds from disposals
Total sale proceeds
**13**
**Debtors**
**Amounts falling due within one year:**
Other debtors|**2023**
**£**
8,752
-
8,752
-
-
-
-
-
-|**2022**
**£**
83,290
-
83,290
-
-
-
-
-
-
**2023**
**£**
1,725|**2021**
**£**
25,974
-|
|---|---|---|---|
||||25,974|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||**2022**
**£**
3,027|
- 13 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **14 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Accruals and deferred income|**2023**
**£**
-
2,946
2,946|**2022**
**£**
1,148
4,738|
|||5,886|
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|
|||**in funds**|||||
||**Balance at**|**Incoming**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 July 2021**|**resources**|**1 July 2022**|**resources**|**expended**|**30 June 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|KGB equipment fund|12,000|-|12,000|-|-|12,000|
|Tank fund|-|61,100|61,100|-|-|61,100|
|Gulag fund|-|-|-|11,000|(3,250)|7,750|
|Holodomor fund|-|-|-|14,800|(540)|14,260|
||12,000|61,100|73,100|25,800|(3,790)|95,110|
The KGB equipment fund represents income received from donors specifically to purchase KGB equipment.
The Tank fund represents income received from donors specifically to purchase a T-55 tank.
The Gulag fund represents income received from donors specifically to purchase books for the gulag.
The Holodomor fund represents income received from donors specifically to develop the schools programme on Holodomor.
- 14 -
## **FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **16 Unrestricted funds**
These are unrestricted funds which are material to the Charity's activities made up as follows:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 July 2021**|**resources**|**expended**||**1 July 2022**|**resources**|**expended**|**30 June 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Unrestricted funds|102,584|114,236|(65,330)|-|151,490|132,725|(64,323)|219,892|
- 15 -
**FOUNDATION FOR THE HISTORY OF TOTALITARIANISM LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2023**_
## **17 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 30
June 2023 are
represented by:
Heritage assets
44,916
73,100
Current assets/(liabilities)
174,976
22,010
219,892
95,110|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
118,016
36,164
73,100
196,986
115,326
-
315,002
151,490
73,100|**Total**
**2022**
**£**
109,264
115,326|
|||224,590|
## **18 Related party transactions**
## **Transactions with related parties**
During the year the Charity entered into the following transactions with related parties:
Employees of the Charity provided services to the Museum of Communist Terror (a company which shares a Director/Trustee with the Charity). An invoice has been raised to the Museum of Communist Terror for services rendered for £1,725 (2022 - £2,790).
The following amounts were outstanding at the reporting end date:
||**Amounts owed by**|**related**|**Amounts owed by**|**related**|
|---|---|---|---|---|
||**parties**||**parties**||
||**2023**||**2022**||
||**Balance**|**Net**|**Balance**|**Net**|
||**£**|**£**|**£**|**£**|
|Museum of Communist Terror|1,725|1,725|2,790|2,790|
||1,725|1,725|2,790|2,790|
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