CPA
COMMONWEALTH
PARLIAMENTARY
ASSOCIATION
ChArlty RegiitratiOD No. 263147
CPA Charltable Funds
Annual Report and Fln8ncip41 StAtement8
31 December 2024

Contents
Annual rtport
Statern¢ot of TrDStetJ' re5pon¥lbllltles
Indeptndent audttor's rtport
ij
Statement offlnaneill irtlwltl
15
BAlaN¢e 5h¢et
16
Stattm¢rAt of eash llo
17
iyotes to the flnan¢l•l stAttmenti
18

CPA Charitable Funds
Annual report for the year ended 31 December 2024
ADMINISTRATIVE INFORMATION
The Commonwe4lih Parliamentary A$wi8tion (CPA) w&8 estsblishuj in 1911 os th¢ Empire Parliamentary
A550ciation. In 1948. lh¢ name wa5 chgnged to the Cotnmonwulrh P8rli8meniary Assaciaiion. On the 7 November
2024. the name w05 changd ￿ CPA Charitable Funds ICPACFI and adopted 8 rtew consiiwtion.
The CPA ChaTitable Fundg is a Tegigiered charity IT￿l$tratiOn number263l471 under th¢ laws of th¢ UrLited Kin8dom
with 115 princi￿1 oifJc¢ and r¢8isitt¢d addre8s loLA￿d al Room1031104, Richmond Hous¢ Houscs of Parliamenl,
tKsndD¢) SWIA OAA. Unilcd Kitlgdom Isirt¢e June 20181.
Th¢ CPA Charitable Fund5 is run by a iK*ard of Tru&iees which detennines its strategy and ov¢rall mana8emenl.
Trustee8 of CPA Charlt•b
Mr5. Joy Marie Burch {Appoinled 7 Novcmber 20241
Osei Kyei-Mcns&h Bon$u {Appoini¢d 7 November 2024)
N&tional Assembly. GhaTha
Dep. Lyndon Trott OBE (Appointed 7 Nov 2024)
Gu¢rns¢y A$$embly. Guernsty
Hon. Keshava Sudh8kar IAppointed 7 Nov 20241
Lokh Sabha. India
Syed Naveed Qamar IAppoin*d 7 Nov 2024)
National Assembly of Pakistan
of CPA Ch#rlt•ble F
Preildent of the A$io¢lAtlon
Hon. Ben Franklin, MLC
A¢tln¥ Chalrperson of the EAe¢utlve Commll¢e¢
Hon. Arthur Holdu, MP
Vl¢e-ChaIrperson of the Exttutlve Comml¢tet
Hon. Arthur Hold￿, MP
Tr¢4iur¢r of the
HOD. AnurNg Sharm4 MP
Chalrperson of th¢ Commonwealth Women P*rllimentsrlfins (CWP)
Hon. Zllinab GitDb4 MP
Sm•ll Branthei Chlllrperion
Hon. Joy Burch. MLA
CPWD Chalrpenon
Hon. Laura KBnu5hu, MP
Page 2

R lonal Tru5t¢
Afrl
Hon. Osei Kyei Mensah Bonsu, MP
Hon. Solomon Ixch¢sa Ts¢noli, MP
Hon. Raymond Cbatitna Nkhat4 MP
Rt. Horh. Dr Aba55 Bundu, MP
Hon. Mahindll YApi Abeywardena. MP
Hon. K8zi Nlbil Ahmrf MP
Auitralla
Hon. Curtis Pitt. MLA
SellBior the Hon. Sue Litles
HOD. Mark Sbclton, MHA
Brl¢lsh l$lindi and MedlteTr#Trein
Hon. Stuart Mcmillan. MSP
Hon. Chris Elmo￿ NIP
D¢puty Mary Le Hegartti
C&n&dA
Terry r)JRuid. MP
Hon. Rah C.houhaD, MLA
HOD. Doona Skelly, MPP
CirlbbtAn. Amtrlcas ind Atlxntk
Hon. Anhur Holder, MP
Hon. Gordon J. Burton, MHA
Holl. Dr Dessima Williams
IDdl
Hon. Ritu Kb&nduri Bhu8haD, MLA
Shri Biswajit Dairnary, MLA
Hon. Vday Pratap Singh. MP
PAtIfl¢
Hort. Carn]el Sepuloni. MP
Hotl. N8iqaoJ8 Lal8b&lavu
Hotl. [￿1cle Tel. MP
South-E*ii AAla
Hon. Norailli Ahmad MP
HOD. Law aJ¢xTr Kiang, MP
Hon. Mohd Fahmi Aliman, MP
PAge 3

ProfeMIoDal Advisers ind Partner Orygnisxtion$:
Extsrn*l Audlton:
Buzzacott Audit LLP
130 Wood Street
LA)ndon EC2V 6DL
Inttrnal Audlton:
Sayer Vincent LLP
Invict& House
108-114 Golden Latle
Loodon ECIY OTL
BAnk:
N&tsonal We8tmin5ter B&Thk pl¢
Victoria Branch
169 Victoria Stre
tmdon SWIE SNA
Trinity Bridg¢
55 GroBvenor StTttI
Mayfair
London WIK 3HY
L¢yl Advl8eri:
Rllssell Cooke LLP
2 Putney Hill
London SW15 6AB
Page 4

CPA Charitable Funds
Annual report for the year ended 31 December 2024
STRUCTUR& GOVERNANCE AND MANAGEMENT
Governing Do¢ument
The CPA Ch#riiable Funds ha5 its own consiinjiion 'CPA Charitablc Funds Constiluiion. as adopied by Ihe Gener31
Assunbly of th¢ Association in Sydney. New South Wales on 7 November 2024. Th¢ year 2024 was a year of
tnngitiort for the Charity. For the prriod up uthril 7 November 2024, the Charity Loniinucd to provid¢ the operaiiongl
activitiC5 of the Commonwealth ParliaTn¢ntary A$$ociaiion ICPAI. As a Tesult of decisions rtlade at the General
ASs￿blY on 7 Nov¥*nber2024 and approved by the Charities Commission afierLonsultation with them in prepardlioD
foT o chan8e in Ihe legal status of the CPA in the United Kingdorn, the nam¢ and operational activities of thc CPA
were Eratlsferred 10 a non-chariiable Unincorporat￿ &ssociaiion. Following ItL¢se decisions. IheCPA Charitabl¢ Funds
retains significtttlt finan¢ial r¢sources includin8 the TTUSt Fund$.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
TNste¢y ar¢ Tespon5ible for Preparing the Annual Report llnd the finan¢iel stal¢m¢nts in ttccordance with applicable
law and United Kingdom Accounting Stsndards {United Kingdom Generally Accepted Accounting PTa¢iiee).
Thc l*w 8pplieable lo charitiC5 in England 8nd Wale5. Teqiiircs the TnJ#ee$ io pr¢pare financiBI 51atc]D¢nis for each
fLn&n¢ial y¢Nrwhich giveamieand loir vi¢w of Ihesiate of the affairs of thechuity andof the incomeand¢xpendiiure
of the Charity for thot Peri￿. In preparing these financial $MiemeThl& the Trustccs are rquired to..
Selcct suitable a¢¢ounting policies and apply Ihem ¢on$iBienily.
Ob$er¥e the method5 and principles in Accounting and Rworting by Ch2ri1ie5 Siat¢m¢nl of R￿0MMended
Pr&rti¢e applicable lo charities PT¢paring their accounts in accoTdoD¢e with th¢ Financial Rwrting SMndord
applicable in the UK and Republic of Ireland IFRS 1021.
Mak¢ judgemen15 and e￿1￿￿1¢$ that are Teas(mable and prudenL
Slaie whether applicable Uniied Kingdom accounting St￿dardS have bccn followed, Subj￿1 to any material
d¢pxrNres disc105cd and cxplained in the fLnancial stdlemcnts.
Prepare Ili¢ financial statement5 on a going con¢ern bisis unl￿5 it 15 inllppropriate to presume that thc Chon'ty
will continue in opeTa¢ion.
The TTU5t¢cs Ire rt4pon$ibl¢ for keeping proper8¢¢ounting records that di5c105e with reasonable accuracy It any time
the fin8nci&l position of the Charity and enable it lo ensure that the financial siatemenls comply with the Chariisej Aci
2011, Ihc appliGabl¢ Charities {Accounls and R¢pottsl Regulation8. and thc prowi5i(FllS of thc Charity's CoD51itution
and Trust Dttd5. They arc alw responsible for 5afeguardin8 the assets of Ihecharity and, ￿￿¢¢. for tsking reasonable
steps for the prevention and d¢t¢¢tion of fraud and other itr¢8ulatbti¢s.
Reerultment and AJbPOintment of n¢w TruJteeJ
The rntinber$ of the Exccutive Ci>mmitl¢¢ of th¢ CPA appointed the first set of up to five Trnstees. Thc ¢on8kntution
of the CPACF allows for Trustees thttnselves to appoint up tts two tNSte¢s. All Tru51ee5 are unpaid,
Page 5

CPA Charitable Fund8
Annual report for the year ended 31 December 2024
Induetlon and Tr*lning of new Trultttg
The CPA Headqu&rter5 S¢(T¢t￿al or8anises inductian session$ for new TTU5tees, with p&niculaT emplwis on their
legal tesponsibilities. New Tru5¢¢eg also r&*ive recent dllta on the oper8tlOll5 of the CPACF, including financial
reportsand minute5 Ot'immedialcpasi me¢tin8s. The CPA Headquarter5 S¢¢r¢t2rx￿ updaies Trustee5 on re¢¢ntCh8rity
le8islalionldevelopm¢llt$ al their mething5.
Organliatlonil Structure
The CPA 4grc¢d, at its General Assembly in (kiober 2023 in Ghana, to restnJ¢iur¢ ihe Charity by cstabli5hirtg a non-
¢harii&ble unincorpoTatcd a850cialion. which assumed th¢ operntional role of the CPA on 7 NOW￿nber 2024. The
existing charity. renarn￿ as CPA Charitable Fund5, will remain in ¢xisienLe and its Kstricted funds, held in the
Confer¢ncc A$$i$18nce Fund and the Working Capital Fund. will be used to tnak¢ grnnts for ir8 charitable purposes.
Tbe CPA makes availllbl¢ to CPACF 5UPPOrt and resources to enAble CPACF its openi¢. to ineludc..
administration,. staff., aLLountin8 and finon¢i81 reporting. equipttL¢n¢', insurance ddmini5tration,' and, wh¢r¢ wssible.
The CPA provides the above resources and such other T¢sources a5 the CPACF may reasonably requiTe, in ¢ither
¢w a$ agreed betwttn Ihc CPA and CPACF.
The CPA provid¢s the resources to CPACF withour chaT8e,
Rlik Mon•g¢m¢nt
The Trustee5 arc r￿po￿$1b1e fur risk management. Risks identified are rcvicwed, ￿SesSed and appropriate a¢tion
in¢orporAled as part of risk rnili88tion. During 2024. Ihc main risks and uncertainties facing the CPACF were..
SI￿lIf1¢ant volatiliry in global financial mark¢l$
under-perfomjance of the Investtnent Management services
governance. given ihc CPACF'S 3lalus aq a UK Charity wilh ￿th UK Ind inlernaiional TnL4ttts.
The impaLI en investments ofihc uncertainty in respect of the mocToeconomic 8nd geopolilicdl clim&*.
Impact of & Si￿lficent sellwoff in global investment markets reduLing the vaJu¢ of the Trusi Funds.
Appropriate 5ySt¢m$ Bnd lor actions have been and ¢orttit)ue to ￿ devcloptsl to idenhfy and mitigate risk. The8e
systems or actions include..
maximisins thc CPACF'$ inv¢$im¢rht r￿u￿b within an agr¢ed risk appe¢it¢ frjmework.
busine￿ Bnd finan¢ial risk management plan {risk re8iSter) which details the Tha￿Te of risk {i.e. external,
8overnance, operation21, liquidity and security) likclih¢)d of occurrence, control$ in plate And the risk
holder.
&ppropTiatC insuranrg cover ImanaBcmcnt liabiliry.. Tnjsiees. liability, employment practice5 liability and
le8al liability,. otfice cover: e4nploy¢r'$ liability* public liabiliry. business interruption, oifiet contents:
health and Iifel.
Page 6

CPA Charitable Funds
Annual report for the year ended 31 December 2024
STATEMENf OF PURPOSK, AIMS, 0￿ECTIvEs AND PUBLIC BENEFIT
Objects
Under stction 1111 of the CPA Charitable Funds, Conslituiion, Ihe ¢harity'B objcas are.￿prOMOte knowledge ofthe
conjhiriiioncl, le￿.$1￿{l￿. economic, soc¢al and cul¢ural aspecls of porliamettiory democrucy wilh porricular
reference 10 ihe COVJYÉriés ofihe Commonwealih ofN¥rtio•ts io cor4niries ou¢srdE ihe Commonweulih having ¢lose
AtsiOr*coliynd￿r1la￿e￿lQryf￿S0cJQIlortS wilh si.,
M•5n Alrnj
CPA Charit8bl¢ Funds maintains Nwo Trust Funds.. the Confer¢n¢e As$i8tinc¢ Fund ICAFI and the Workin8 Capital
Fund {WCF).
The main aim of Ibe CAF is to provide fIn￿lia1 aid and as5iStatLce io any of the Br8n¢he8 to assist thcm IN
organi$ins, constiDJting and holding plertary conferences.
By contrast, thc WCF has a broader remit..
In fvrtheraThce of ihe object5 of th¢ Fund but not further or oiherwise the Trustee5 sh&ll have the following poweT8'.
to defray where rtecess&ry rcason&ble ¢o$t$ of travelling and B¢Gommodaiion and other expcnses of
Parliameniariarts, o]Yicials &nd oihers visiting ¢ountiie8 holding ¢du¢ation&l sttninars in accoTdathc¢ with th¢ objects
of the Charity on parliamentary pra¢ii¢e and procedure and olh¢r related 5ubject5 and lo provid¢ finan¢ial a55LSt8nce
io th¢ host Coun￿ where need￿ in the provisiotl of facilitie¥ for such seminars,.
Ibl
to proviiJ¢ travel grants lo leCtu￿r$ on PArliAmenlary matters to visit universities schools and other
educational instibjtions for the purptsse$ of advanctng education in parlIam￿tary matters with ￿rtiCUlAr emph￿1$
on youn8 peT50ns'
(cl
lo d¢￿Y ￿Sonable cosis of transport81ion and accommodat50n other ¢xpenses of Parliarneniarions ond
0￿1¢1&1$ of arty Commonwealth county Irav¢lliThg in pur5u4ncr of the $iudy of Parliamentary in$tinitions:
to Provide firtan¢iAI support to swdy groups of Parliamentarians and others for the advaThcemetLt of
edU￿110n in subjetts whith further the Charity's obje¢ts and for the di55Wlt141ion of their findin85 and reports,
{el
io discharge the reasonablc ¢osl$ 8Trd expense5 involvtyl in other charitablc activities proposed by the
manber$ of the Charity in furthttanv of the objects of the Charity
(dl
Seetion 2 of the Constitutii>n sets out the powers availabl¢ ¢0 th¢ Charity-
Page 7

CPA Charitable Funds
Annual report for the year ended 31 December 2024
FINANCIAL REVIEW
Durit)8 the tNnsition of the CPA to a ncw l¢gal status, the 2024 mcmbership fe¢5 WCTe invoi¢ed by the new the non-
charitable unincoryixated asgociation to build up Ibeir $tsrtin8 capital. This has resulted irl a $i8nifJcani reduction or
income.
The total revenue for lh¢ fin8nciAI year undcr review droppcd 10 £469.28012023.. £3.106,893). Of this, the charity's
core income was from finart¢i&l investments {47/01 and partn¢Tship income134D/bl. 2U23 cor¢ income strcam was from
BTanGh M¢mbership fees (88•/0) and financial invesimenis I I￿/￿) with a small amount coming from other50urcu such
as partncrship incom¢, subseriptions for the Parllattl￿tOrian and adwejtising income.
Thc chority ¢ontinud delivering a ronge of pro8rwnmes and GovernDneemeetirt8s, mainly physically durins ihc y￿.
The annual 67th Plenary Conference twk placc in Sydney, Australia in Novembcr 2024. B￿aUs¢ of the lack of
membership incomt, there was a lar8e deficit for the year. Thi¥ was &ll incurred from the genernl Teservcs of the
charity and permitted under the obj¢ci$ of th¢ ih8Tlty. Thc Charity ComTni55ion was congulied throughout ttL¢
transiliorb pericMI and approved the actions of the ¢hority. The expenditUTC on physical ¢onf¢r¢n¢¢s, other even15 &nd
programmes and dcploym¢nl$ meant that the deficii for the year amouni¥d 10 £2,66U.135 {2023., deficit of £107.8(J5I.
Global financial m¢rket$ produced a T￿Onable p¢rfonnance, despite the Lonlinuation of the WAr in Ukraine and the
confliLt ITh Gaza, resulting tn gairts for the year of £444,836 (2023,, gaing of £253,976).
Toial r¢v¢nu¢ d¢cre45ed by £2.637,613 when ¢omparcd io the Previous financial perriod, mainly due to the ab5encc of
membership fees. In¢om¢ from Investments decrc4sLxl by £84,192 10 £221,￿3, largely because of a r¢ductioTh in
company dividend5.
Total £yting ¢o%is during the reporting period wcrc£3,l29,41512023.. £3.214.698). made up of Ihe co￿8 of rai%iMg
fypjds, iot&lling155,85712 Q/ql.and dire¢i¢hdrltttbleocilvliies totalling£3,073,558198%1. In 2023. these wcrE£49,(W)2
12°A} and £3,165.6(kn198 0/0) re8pectivtly.
Ai the iimc of the transfer of operational aciivittes from the chariry to CPA, in November 2024. a paymu)t Lif £35,000
was madc to CPACF in re5peei of ihe langible a$g¢l$ Df the charity IransfcrTed lo CPA, These a$sets represenied the
Ik)ok valuc of both tangible fixed 888ets and Intellectulll Properry Ri8hi$ in use by the CPA on 31 Decembcr 2024.
At the rnd ofthe fJn8ncial year the CPACF'S unr¢5triGted reserves wnvunlcd lo £884.143 12023., £3.295.3271. The
free reserves rcmaincd81 £884,143 as ihevalueof langibleassds wer¢tran$ferred lo the non-ch8ritablcuninc0TP)r8￿d
a$50¢iatyon {2023.. £3.275,996).
In addition lo the Gtheral R¢$¢rves. the Working Capital Trllst Fund 2nd thc Conferencc As8l$tance Tnjst Fund
ITnanAged under separate Trust tkedsl, h&d tot&1 funds of £7,549,01012023.. £7,353,125}. Income from each Tru$t
Fund is Used for th¢ aims stated above.
R￿erY￿ Polley
A5 at Dtcetnkr 2024, the CPACF held unrestricted and restricted reserves of £884.143 alld £7.549,010 respectively.
The TnJ8tees rtol¢ Ihat thi5 IS 5ignific2nlly morc than the required amount in the reaerves policy which mandat¢5 thai
reserves ought to be sufficient to ¢ov¢r thr¢¢ 10 six month5 of owational ￿pendI￿lrE of the organisalion. Thi5 figure
will be kept under teview and thc Trusttts will con5id¢r the scope for releasing fund5 from these resetves to meei the
strntegic prioriiics of the CPACF.
Pag¢ 8

CPA Charitable Funds
Annual report for the year ended 31 December 2024
Inveitm¢nt Pollcy
CPA Ch8rirablc Funds has Investments in two tnjst fund5 under thc guidancc and superyijion of the fijnds, TN$t¢es.
Undcr lh¢ tru51 deeds the ￿nds. Trustees are mandated as up 10 fiveTrustees whoaTe noi munbersof EXCO appointed
by a rcsolution of the me]nbcr5 of CPA. MernlKr5 of th¢ EK¢¢ulive CtsrDmitt¢¢ of the CPA are precluded from
becoming TNstees. These Tru51ees are listed on page 6. The PUTposes of the Trust Funds CAF and WCF ar¢ listed in
the above section on Main Aims.
The Tnjsiees have the to invest in such 510ck5. 5hare8 and investments as they fjt. The policy is 10 adopt
¢auiious.10.moderaie risk invegm)ent strategy aimed at m￿lmi51n8 income and capital growth. Wiihin this sITal¢gy.
the Trusiees have set a targct of cxcttding thc avcragc markct PCTfoTTnan¢e for o similar fijnd, base4J on the market
value of the portfolio.
The Trustees have a fornial Inv￿lMent Policy Statthnent that..
Defines Ind assign$ th¢ r¢spon$ibiliii¢s of All p8ni¢8.
Establishes a clcaT understanding of thc inv￿lment goal$ objectives of Futtdlsl assets.
Offery guidance and lirni181ions lo inveslmeni advisors andlor managers regarding Ihc investment of Fundlsl
assct5.
Est¥blishes a basis for evaluating investtnenl results.
Provides guidelin￿ on monagins Fundlsl as$ei$ in 8¢cordance with pn2dent, ethical and environmental
considerations. the Tru51 Deed5 of tho Fundl81, and thc Trnslet Ac¢ 2900.
Trinity Bridge hBvc b¢en 8ppointed ￿ m8n88¢ the trus¢ furtds. The TNsiee8 mei three limes in 2024 to review the
funds. perforniBnee.
Invtttment Performinee
Th¢ valu¢ of th¢ AssOci￿10n.5 lisied investsnents increased by £153.26212Vol fTOrn £7,374.97S at 31 LkL%mb¢r 2023
10 £7.528,237 a$ al thc cnd of th¢ r¢r￿ing pwiud, Th¢ Chdrity holds no unlisted funds.
The t8rgci return on ihe Tru5tee5' Portfolio of investments, within an agreed level of risk appetit¢, 18 6°A from I
Jthuary 2024. Thi$ i$ apportioned between #nrtual ittvestmeni income {2.10/.l and long-ienn c8piial appreciaiiun
{3.91/0l, with a targeted total rtturn of 6Y.. In 2020 & Socially Reswnsibl¢ Portfolio proposed by Trinity Brid8e was
adopkd.
The fin8nci21 m8rkets adaptd 10 the volRiility created by the continued war in Ukraine and the Conflict In Gaza.
How¢v¢r, the $lock markct5 remained volatile, and more fluctuations rem&in a distinct possibiliry, notwiihstanding
the peace negotiations that 4re under way lo rc501vc both ￿nflicts. The Ttusteu will ¢onllnU¢ to monitor the
p¢rfornian¢¢ of th¢ investments regularly.
Page 9

CPA Charlt*ble FuDdJ
ADnual report for the yur ended 31 Dettmber 2024
Followw the implEm•nl•tion of tb¢ (Protrcthm a￿d Soctsl Invulmeirl) Aei 3010. th¢ TfiJ#¢M h•vè
revimv4dCPACF'8fi￿thII8lTrg xiivili￿8Vd¢OUfThithItth¢yCOrnplYWlththe regu￿10n. Th¢r¢wveno ffiJthi5in8
tiviux thJna8 2024. alld the CPACF did aol mikn use of •ny fLmdN"Kts.
Th¢ of ¢h¢ ch•rity b) CPACF Mublag the Ch￿$￿ lo updtt¢ its Pl￿ for th¢ fvtu¥¢ with the confthrr th
its objectscan i* mllt with ¢h•rithbl¢¥r•Dts in #¢COTdan¢¢ wilh th¢ aihrA alK*ve. The fi￿n¢la1 1tr*¢8y reyrdini
the deployTh¢thLof uDrnJtri¢i￿ will be #ddrtssedby th¢ Tn￿tte5 during th¢ yeAr2025. Trnst#s hthve appmv
p to £60,rK)O * b¢ diilmuxd io wpport oftk Commonw¢lllth Parliwti¢nwi•Dswi¢h Dlubililiu Capithl Inv¢wll¢nt
Fund PTojKIs.
Audlt•
Byz%4cott AMdi¢ LLP. RB8i•*Trd Audikn8 h•v¢ indkoled th•fr vAlliw¢•s ty wNtinu• in offi¢e it li
th•t th¢y b¢ ouditm for ¢h ywr.
The Boud ofTh¥*es ¥woved thisThportop 23 JUM 2025.
si￿¢d on boblfof th• Bovd 0fThMI￿'.
Ninw.. i¥*4£bA *Èr)T TiiS£
Truth¢ Of CPAChwi¢•ble Fund
ofth¢ CPA Chm¢abk Fun&
10

CPA Charitable Funds
AnnuAI report for the year ended 31 December 2024
Independent audi¢or'J report to ¢b¢ *r¥$ttts of CPA Chgritxble Fvud$
Oplnlon
We have audited the finaneial statement5 of Commonwealth Parli8mentary A550ciation (the 'Gharity') for thc ycar
ended 31 December2024 whi¢h ¢ompris¢the staiementof financial a¢itviiies. the balance Sheet. the Statement of cash
tlows. and the related notes to th¢ fiDan¢ial sta*ment8, including a summary of i¢couniing policies. The financihl
reporting framewotl( that ha5 becn applied in th¢ir prepar￿lon is applicable law and Uttited Kin8dom Accounting
SiandaTd5, including Finan¢ial Rewrtin8 Standard IQ2 'Thc Financial Rep)rtin8 Standard applicllblc in th¢ UK And
Republic of Ircland, (United Kingdom Generally AcceNed Accountin8 Prn¢ti¢e).
In our opinion. th¢ financial st3tementB'.
• gi¥e & truc and fair vicw ofihe state of the ch8riiy's affair5 as at 31 De¢¢mber 2024 and of its incoming r¢stsur¢es
and &pplicaiion of resouTLCS for the year th¢n end¢d,'
• h&vc beffl properly prepared in aC¢OTdgnce with United Kingdom Generally Accepted A￿QuIbling Pri¢ii¢¢,' and
• have bcen prepared in a¢¢ordin¢e with the requirements of the Chariti¢s Aet 2011.
Blili for oplftlo
We conducted our Audii in 8¢eordance with International Standdrds on Auditing IUKI {ISAs IUKII And appli¢&ble
law. thr res￿nSibIlitIES undcr ihose st￿dArdS orc further describcd in the audi¢or'$ restxinsibilities for thc audit of
the fin8nci81 statements seciion of tsur report. W¢ ar¢ independent of the charity in &¢cord8nce with ihe ethical
rcquircments thal are Televath¢ 10 our ¥udiLoI'thc financial 51alemcnts in th¢ UK, itscludinx the FRC's Eihical sI￿d￿rd.
and we havc fulfilled our other dbi¢41 respc4Jsibilities in accordance with these requiremenr5. We bclicve that the
audit ¢vid¢n¢e we have obtained is suITicienl and appropriate 10 provide a b&5is for our opini¢)n.
Conelusloni relatlng to 8oln8 ¢onc¢rD
In auditing the fin8n¢ial $¢8tem￿l$, w¢ hav¢¢oncluded that the INJtccs' of Ih¢8oin8 concern b￿15 of accounting
in th¢ pr¢p8rntion of the financial st&temenlS is appropri&te.
Based on th¢ work we have perforned, we havc not Identifi￿ any mAterhal uncertainties relating to ev￿16 or
nditi(pn$ th81. individually or collectively* may rast signifi¢anL doubt on thc charity's ability to Continue 8oinB
concern for a PETiryJ of It l¢ast tt¥¢lve months from when the finan¢ial statements &Te auihorisd for issue.
(*Jr re5ponyibiliiie5 and the r¢sportsibtliti¢s of the ￿Slee5 With Tespcct to going roncem are dascribed in the relevant
5e¢tioTJ$ of this re￿.
Page 11

Other Inforrn•tlo
The other inform81iw comprises the infoTrtLation trttluded in the annual rqK)rt. oihcr than th¢ fiNan¢i81 statements and
our audiior's reportthcrco#. The tru$t¢¢J are re$wn5ible forth¢ othEr information cont&ined within thE annual repojt
Our opinion on the financial statctnenis does not cover the other irtftkrni&tion and we do noi exprcss ￿Y fonn of
&s$uran¢e ¢on¢lusion thereon.
OurTesponsibility i5tOTeadtheoiherÈnfonnation and, in doing so, ¢on$id¢rwh•herthe other infoThnation is materi211y
inconsistent with the financial stat¢tnenls or our knowled8e obtained in Ihc COUTse of the audit or olheTWi5e appears
to be materially mis$iated. If we idenrify such inconsistencies or appllrent Tnatetial missiaiements. we are
required to daermine whcth¢r this gives rise 10 a material mi$stAiemenl in the financial statements them$¢lves. If.
b￿¢d OD th¢work we have [￿Ortn￿, we ¢ortclude that there 15 a material misstatement of this other infomjation, w¢
are Tcquired 10 r¢p)rt that faci.
W¢ hav¢ nothin8 to report in thi$ r¢8ard.
Mattern whl¢h we ar¢ r¢qulred to teport by exeeptlo
In the light of lh¢ knowl¢dge and under5tandinB of th¢ ¢haiity and its envtronmenl obtained in the Course of the audit,
we have.noi idcniified fftaterial misstattments in thc Iruslee5' rcptsrt.
We httve nothin8 lo rep)rt in rcspcGt of th¢ followin8 marter5 in Telation towhich the Charities (Account5 and Reports)
Re8ulation$ 2008 requires us io report to you if, itl our opinion..
Ihe informalion givcn in the tru8¢¢es' report is inconsistent in Any maieriAi resPCCt with thc financid $tatemenL8',
or
sufficient accountitlg re¢ord8 hAve noi been kept.. or
• the finan¢iel $i&im)ent$ are not ltt 18reem¢nt wilh Ihe accountin8 record4 or
we havc not rtteived 811 th¢ inforniation Bnd explon&tion8 we require for our audit.
R*ipon$lbll(tle$ of truiteei
A5explained mor¢ fvlly in the tru51te5' ￿5￿￿nsIbiliti¢s st#temeni sd out on pagc 5, thctrusteE5 ar¢ rrsponsiblc for the
preP￿allOn of the financial $thtementS 8nd forbeing satisfied ¢hat they give a trne and fair view, and for $u¢h intemal
control lls the trusltts dctennine 15 ll¢￿8ry to enable the preparation of finaneial stsiementS that are free from
matcri*l misstat¢m¢n( wh*h¢r due to fraud OT error.
In P￿p8r1n8 the fingneiol ststcments, thr tA￿tee$ Are resrA)nsiblc for assessing th¢ ¢h8rity'$ ability kn continuc &5 a
going fOrt¢em, disclosing, 85 applicable, tn&tters relAted to going concern using the going concern basis of
accounting unless thetnJsi¢es eith¢r in*nd (oliquidatc th¢chaTityorto cea5eoper81ion5. orhavcnor¢&li5tic alternative
but to do so.
Page 12

Auditor's responsibllltl¢J f•r ¢h¢ Audit of the fin•ntlal ststements
Wc hAve been woint(d as auditor under section 144 of the Charitle5 Act 2011 and report in ae£ordance with the Act
and relevant regulations rnad¢ or having ¢ff#t thereunder.
OUT obj¢¢tive$ are to obtain re4son&ble assurdnce about wh¢th¢r th¢ fjuancial st2tements as a whole are frtt frorp
material misstatement, whether due lo fraud OT ern)r, and ro issue an audi(OT'S rwrt thai includes OUT opinion.
Reagonable assurance is a high level of assurance but isnota&uaranieethat an audit conducted in accordan¢e with ISAS
IUKI will always d¢t¢¢t a m&terial misstatement when it ex15ts. Nlis$1otementS C8n arise from fraud or error and are
considered malcrial if, individually or in the aggregate. thcy could reawnably be exp¢ci¢d to intlu¢nce the cconomic
d#i$iorts of uscrs taken based on Ih¢se fin&n¢ial sia¢emeftts.
INe8ul8ri1ie8. including frau(L aTe ij)ston¢es of nvn.¢ompliance with laws and regulation5. Wc dcsign pr¢c&lure5 it)
linc with OUT rtspon$ibiliti¥, ouilined abovc. lo deleci material misStalcrnen¢S in respeci of irregulariti&s. including
fraud. Thc ¢xlenl to which our proredur¢$ can detect ItTe8ulariiies, including fraud is dctttiled below.
Chjr 8pproa¢h to identifying Hnd assessing the risks of m8t¢rial misstatement in respect of irreBul4TiIic5, includin8
fraud and non.Gompli8tb¢¢ W1th laws and regulations, wa5 as follow$.'
the engagement partncr cnsured thai th¢ engagement team eolleclively hAd the Appropriaie competence,
Lapabililies Ind skill$ lo identify or rceo￿lse non-¢omplian¢¢ with appli¢Abl¢ laws and regulaiions. and
we obtained an und¢TStandtn8 of the le881 and Tegulalory fr4meworks that are applicable to the charity and
detemiined thai the mos15ignifiGant frameworks which are directly relevant lo spccific agserlions itl Ihe fin3ncial
$i&icmeni$ &r¢ those that relate to the reporting ftam¢woTk Istaiemenl of ReLommended PrdCliCC'. A¢¢ouniin8
and Reporting by Charilir5 pr¢p8rin8 their account5 in accordan￿ with the Financial Reporting Standard
8ppIic8ble in the unit￿ Kingdotn and Ryubli¢ of Ireland IFRS 1021 and the Charitie& Act 20111 and Ihos¢ thai
rclalc lo data protection {General Data Protection Regul&tionl.
We &8yeBsed the Bu5CCPtibility thf th¢ ¢lwMty's finAn¢ial JtaLcmcnls lo rnlltcrial misstatrment, in¢ludin8 obtsinin8 an
undersianding of how fraud mi8hi occur. by..
making enquiriu of m&n&gemeni as ¢0 Iheir knowl¢d8e of actual. su5￿ted, And all¢ged hud; and
¢on$idering the internal controls in pl8ce to mitigate ri8k$ of frAud and non-compliancc with law5 and regulations.
To addre￿ the risk of fraud thr¢)ugh mono8¢m¢nt bias and override of contro15, we..
p￿OrnI￿ analytrcal procedures to identify any unu5ua] or uneXp￿ted relation$hip$,'
tested journal entries to identify unusual transa¢tions- and
ass¢5scd whether judg¢tnents' and a￿MptionS made in d¢t¢rniinirbg th¢ aEwunting estimate for theprovi5ion for
trAd debt8 were indicative of W¢ntia] bia$.
Page 13

Amditor'j rtspansibiiitiu forthe *vdlt •( lh¢ lln••¢ial stst¢ments {contlnued
In r¢spons¢ to the risk of Irregulariti￿ fjnd non-mpliance with laws alld regulatioDs. we desi￿￿1 Procedure5 which
iD¢luded, but were not limited to..
re4ding the rnitLUtes of meetings of those charged with 8overnance: and
enquiriog of Ma[￿ement a5 to ￿tUal orhd pot¢rtti81 litl8ation and claim&
There are illher￿t liTnitlllion$ in our audit procedures de5CTibed abov¢. The more removed laws and regul8¢iorts
3re from financial transaction5, the less likely it is thai we would beLomeawaTe of non-¢omplianee. Auditing standard5
also IiTnil the Audit pro¢￿uTeS Tequired to identify thon-complianee with laws and￿8￿latIOnS to ¢nquiry of the trustee5
and other management and the ithspKtion of r¢Aulatuy aThd le8&1 corresponden¢¢. if any.
Mawial mi$$tstemenls Ih&l arise du¢ to froud be harder to delect than those th&t Aris¢ from erw 86 they may
involve delibm¢¢ ¢onceAlment or eollu5l0n.
A further description of our responsibilities for the audit of the financial statemenrs is located on the Fitsincial
Reporting Coun¢il's websitr al wiYw.frc.org.ukl&udi¢uTsrespDnsibilities. This dcscription lormg part Df ow audiLOT'
report.
U4¢ of our report
This r¢port 1$ made solely lothe charity's ITusie¢s, as & Ix)dy, in accurd8ncc with PyJ¢ 4 of th¢ Charities IAccounis and
Reports) Rcsulativns 2008. Our audit Work has bcen undert•k¢n $0 th#( we mi8hi Btate to the chuity'3 ITusiee$ those
matters we are required io stai¢ to them in an audiioes report and for Do other purpose. To the fUll￿t cxlcnt wmitted
by law, we do noi 8cccpl or ￿Ume rcJponsibility 10 4nyone other thon the charity and th¢ rh8rity's tnL$￿¢s as a body.
for audit work, for thig TeporL or for the opinion5 we have fornied.
Buzwott Audit LLP
Statutory Auditor
130 Wood Street
London
EC2V 6DL
Date: 25 lune 2025
ButtsLOtt Audit LLP is eli8Lble to act 45 an iudiior in i¢rn)s of section 1212 of the Cotnpani¢s A¢t 20(
P#ge14

CPA Charitable Funds
Statement of financial Activities
for the year ended 31 December 2024
Unr¢strl¢ted
fund
Restricted
ds
Tot#1
2024
Totil
2023
Note
Income from:
Investments
Charitable actswlits
Branch mernbership f£cs
Subscripiiorks for the Parlia￿en￿rIatt
Partnership io¢ome
Oth¢T
101.968
119.935
221.903
306.095
3,108
2,396
157J61
84,312
3.108
2,396
157.561
84,312
2.723,735
2.557
68.143
6.363
Total
349.345
19,935
469.280
3.106.893
Expendlture on..
Rfjisingfvnds
Investment Matlagcmcllt Costs
Chtsriioble ocisvilt
Parliamentery B¢n¢hmarking and
Development
Public Outreach
Communi¢*ion$ and Publishitlg
1,407
54,450
55.857
49,092
2,182,6(Y)
120,049
467,007
303,293
2,485.902
120,649
467,￿7
2,630,883
34.179
500,544
Total
2.771,672
357.743
3,129,415
3,214,698
Net exptndlture b¢lore g8lng1(1•￿e1j on
Investmenti
(2,422,327)
(237.8081 12,660,135)
(107.805)
Net gains on invcsttnenl8
12
11.143
433,693
444,836
253,976
thovement In fundi
(2,411,IB41
195,885
{2.215.299}
146,171
Reconelllstlon of funds
BAlin¢¢ brouzht forward
17
3.295.327
7,353,125
10.648.452
10.502.281
Balance carrled forward
17
884,143
7.549.010
8.433.153
10.648.452
All recognisd gains and1055es have becn includd in the SOFA. All expenditure on raising fuDd$ and chariiAbl¢
activities continued in 2024 from January until the CPC in Nov¢mb¢r. From November 2024, Ihe Charity cu¥¢d to
be involv¢d in th¢ operational activities of the CPA and hencefon¥ard u5¢$ its fund5 to tnAke grants for it5 charitable
p￿￿ose￿.
Page 15

CPA ChArltable Funth
BAl*nee sheet as at 31 Deeember 2024
2014
2•23
N•t•
Ftsed Aurt
T￿Bible
19,331
7.374.975
12
7,528.238
7.528.238
7,394J06
Currmt uf•ts
D¢btws
sh¢￿￿ten depoiit
Cuh at Illh￿d
13
14
64.572
31KI,01 I
80J,306
361.623
1919,539
307281
1.167.889
3.588.44J
Cr•dltorK f8lllN8 wlthin on¢
13
(262.9741
P34397)
N•t¢4rr•D¢ IM•
9￿,915
3.254,146
8.433,153
LO,648,432
UnYMITlel
Q¢nml fund
17
884.143
3295.327
Conference as8lRthnc•
WwkinR ¢apitrl fvnd
17
17
4.774.934
2.774.076
4,704,377
2.648.748
.433,153
10,648.452
fuuncl￿ •M*m¢nts w¢r¢4KYorf wtr#)Tistd fwdilthbution. by th¢ TnulfjesoTh
D•*.. l3Jurte 2025 and oty its be￿lf by:
N•m&" LYp4DiiA' TLIYf
Tn￿E¢ of CPA CtiaTitable Fu
PA Cthitlbk Fylldl
Pa8e 16

CPA Charitable Funds
Stvdtement of eash flows for the
year ended 31 December 2024
2024
2023
Clih flowi from oper•tlnK actlvltl
12,647.8021
{932,520)
Caih flowi from Invtstlng •¢tlvltle8
Interest and dividends
Purchase of computer and equipment
Proceeds frofft $ale of Compu￿ and equipm¢nt
PuTLhase of inv¢gim¢nts
Proceeds from the sale of investments
Movem¢n¢ in investment cash account
Movement in short lernh dcposit
N¢1 ea5h prowlded by Inwt$tln8 O¢tlvltlei
221.903
306,095
{18.734}
20,432
12,759,17O}
3.033.634
17.109
2,619,530
3.143,827
{3,346,487}
3.173,296
222,512
708,578
1.045,260
Change In ¢ash and eash equlvilents In the r¢portlng p¢rlod
Caih and ¢aih equlvalents at the brylnnlThi of the reportlng petlod
Cash And ¢*$h equlvaltnti At the end of the reportlni p¢rlod
496.025
307.281
803.306
112,740
194,541
307.281
2024
2023
Rttonelllatlon of iyet M•vement In Fundi to Net Cuh Flow Irom Oper•tlng Aetlvltlti
Net movement in hjnds
(2,215.299
8.509
297.051
(71.324)
(221,9031
(444,8361
{2.647.8021
146.171
38.352
{19,872)
1537.lQ)I
13(kn,0951
1253,9761
1932.5201
DepTeciaiion chargc5
DecreaseJlln¢reas¢l in d¢btor8
(Decrease) ill ¢r¢diiors
lThteresi and dividend8
(Gain$) OD lrtvestmcnis
Net easb Inl operating actlvltl
AnAlysls of Cash Ind Calh Kqulvalenti
2024
2023
Cash It bank 8nd in hand
803.306
803,306
307,281
307,28L
No separate Te¢onciliation of ttet debt has been prepared as th￿¢ i$ no difference behveen the net cash (debt) of the
¢harity and the above cash and cash quivalents.
Page 17

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
Summ•ry of Attoulliing Polltle$
{al BAili of a¢¢ollntlng
The CPACF is a Tegistcred charity Irtgislrntion numbcr 2631471 under the laws of the United Kingdom witb its
principal office and regi5teTed addrcs$ lo¢at¢d ai lioom1031104. Richmond House, Houses of Parliament.
London SWIA OAA. United Kingdom {sin¢e June 2018).
Und¢r $cction 1111 of the Constitution of ihc CPA. tht Association'8 aim is 'to propnoie knowledge OJ ihe
consliÉulioKal. leg1s1ati￿. economic. social culthrul fupe¢ts ofparltomeniary democmcy wi¢h Farliculdr
reference io ihe ¢ounlrie.r oJÈke Commonwealth L)fNo(ions and io coun¢iTes or4ts¢de ilte Commonwealth ha￿Ag
close htsloricalandwrliqmefffary osso¢10i1g￿% wiÉh IL.
Th¢ fjnancial 8tatement5 have been prepar￿ und¢r Ih¢ hisiori¢al cost conveniion with item5 rccoBnized ai ¢osi
or tTan5aLtion value unl¢s5 oiherwi$¢ $iated in thege noie5 10 the financial 5taiemertt$. The finxntial statements
have been prepared ID a¢cordance with the Siatement of Recommendtd Protii¢e.. Aecouniing and Reporting by
Charities preparin8 their &LL<)unis in accordance with Ihe Fin4n¢iil R¢TXFrting Standard applicable in Ihc Unilcd
Kin8dom and Republic of Ireland IFRS 1021, Charities SORP {FRS1021. and the ChNrit1¢5 A¢1 201 I.
The fin￿¢181 s¢atemenis h8v¢ been prepared 10 give a 'true and fair. vicw and hove deparied from the Chariiie5
(Accounts and Re￿rts) R¢RuldiionB 2008 only to ihe cxieni r¢quir¢d io prvvide a 'itlLe and fuir viN'. This
deparNr¢ has involved following Accounting and R¢porting by Charities preparing their acrount$ in 8¢Lordan¢e
with thc Financial Reporting Standord appliLable in the UK and Republic of ITel8nd IFRS 1021 rather than the
Accouniing and RcportiDg by Charities.. Siatenieni ofRecommcndcd Practic¢ ¢ff¢Gtiv¢ from l April 2005 which
has sin¢e beet) withdrawn.
The financial stlllcmcnts are pre8enied in ￿erling and Rre Tounded w the nearest pound. The charity Lon5titule8
A public benefit entity as defined by FRS 102.
(b) 1o¢ornt r¢eoinl¢lon
Interest on fund5 held on dcposit 1$ iD¢lud¢d when receivable and the arnount Can be measured reliably when
noiifjcaiion is received of the interest paid or p&yable by ihe bank. Divid¢nds Are reLO8nised when no(ificaiion
Ès received of the dividend du
Grants received are aceouThted for on aTh a¢¢ruals basis bastsj on the period to which it relat￿.
(e) Expendlture reeognltlon
Liibilili¢S are reco8ni5ed as expenditure whcn Ih¢T¢ 1$ & legal or con51nJctive commiirn¢nt. il 13 probable tha¢
settlement will be required. and th¢ amount of the obli8aiioTh can be mea5ur¢d reliably. All ¢Kp¢ndiiur¢ is
accounted for on en accru&15 ba$i5.
Page 18

CPA Charitable Fund$
Notes to the financlal statements for the
year ended 31 December 2024
(d) Allocailon of gilPPOrt and governance ¢ost$
Any supp)rt costs are allocated between governanee costs Dnd oth¢r $uppm costs. Governance costs comprise
all costs involving the public a¢¢ountability of rhe Charity and its lompliance wilh rcgulation and good pr8Ctice.
These costs irhclude CO$L$ relAied 10 sÉan]tory audir and Icgal fets tO8etheT with aTJ 8PPOrtionment ot'overhe
tld support ¢osis.
{g) Fynd Attountlng
UnTestrict¢d fund$ are available for use at the diseretion of the Trn51ee5 in ￿rther&th¢e of the 8eneral Obj￿IlVe$
of the ChaTity. Resrricted fund8 are funds which are 10 be us¢d in acLordancc with specific Testrictions irnWJ5ed
by The Charity's funding pthers. Note 17 out the aim and usc of each restrict￿ fund.
10 Oper#tln8 lea
Ren¢BIs pay8ble under operating lea5cs. where subs18ntially all the risks ind rewards of ownership remain with
the le550r. are ¢har8ed 10 the SOFA in thc yror in which they fAII due.
(gl For¢l8n exch4n8e
B&18nces denominated in I0￿]￿n currenLies are tran51ulcd into Pounds Sterling at theraie of ¢xchJnse prevailing
at the bxlmnce sheet dalc. Financial tran$a¢iion$ arc translated at the raie of exchange prevailing or) the dat¢ Ihe
tran￿¢t10n is pro¢¢$$vA.
Ihl Flx¢d •vet Invejtment
Invesmienls arc 4 fonn of b&sic financial in5tTument and Are reeo8nised initially at Iheir ttan$action value and
measured sub5cquenily ai Iheir fair value a5 at the balan¢e sheet d&ie using the clo$ing quoi¢d market price. The
SOFA includes the net gain5 and losscs arising on revaluation and di5posal$ Ihrou8hout the year.
(￿ TAn8lble fixed 11gets A Thd depr¢¢litlon
All a55¢ts cosiing mor¢ than £3SO are capitdli5¢d and valued ai historical ￿$t. DepreLiation is ehftrged on IT and
other equipment on a straighi-linebasis over th¢ir estimated useful life Of Ihreeyears from the yearof 8cqui51tion.
All tongibl¢ fixed asyels and intcll¢¢¢ual property rights were tr4n5f¢rred to the CPA when Ihc new orglnisation
Lssumed the opcrationul arliviii¢s of the charity in Novunber 2024 on receipt of a p?yTn¢nt of £35,(KK>.
U) RelI1￿d gMlft¥ And losws
All gaits$ 8nd lo￿5 are taken lo th¢ SOFA as they arise. Re&li5ed gain5 and10sses on investments ar¢ ¢alcul&ted
a$ the difference bctween $&1¢s proceeds and their opening carrying value or their PUT¢h8se value if 8cquired
subBwuent to th¢ first day of the financial year. Unrcalisd gains and losses ore ¢Altul3ted Ag the ditTereDCC
btheen the fair value 8t the year end and their ¢wryin8 value. Realised and unre&lised investment g8iDs and
1055cs ar¢ EombiD¢d in the SOFA.
Page 19

CPA Charitable Funds
Notes to the finvdncial statements for the
year ended 31 December 2024
Ik) Debto
Branch fees and othcTdebiors are re¢O￿lS￿ arthe genlement amount due, less any provision forbad OT doubrful
amount, Su¢k provisions are specifil and applied in a consi5terLI Inonner baled on debis aging and other factors
affecting potenlial reeoveT&bility such a5 thc si4tu$ of the branch. Prcpa)rynent$ ar¢ valued at the amount prcp&id
n¢t of any trade discounts due.
(l) Credlton and provl8lon¥
Creditors and provisions are recogni5ed where the Charity has & present obligation resul¢in8 from a past event
that probably will result in the IraD$f¢r of fvnds to a ihird party and the amount due to settle th¢ pblig81ion can
be measured or esiimaied reliably. Creditor5 and Provision5 are TewsDised &t their settlement arnount &fter
allowtlJB for any tnde discounts du¢.
(ml Ciih And c•ih ¢qulv•lents
Cash and cash ffjuivalents in the ￿8h flow $lat¢mcnt c￿nprise cash in hand. balances with banks. invesimeoiB
in mon¢y market in5trumcnl$ f¢pTf8¢niin8 short-tern, highly liquid investh¢nrs that are mdily conv¥tible lo
knrjwn amounts of cash.
(n) Short-term dtposlt
Short-l¢rm dcposits are defined as funds placed in inte￿$t.bra￿ing accountsor financial insirwn¢nis wilh original
moturiiies of more than three months but no( cxce¢din8 ttvelve monihs. Thcse typically in¢lud¢ iem) deposits,
noiice 2ccount5, or shorl-d&ied certilicaics of dcposit held with UK-regulalcd finaft¢i81 in$titution¥
{0} Golni eoneern
Thc Trusiec5 consider thai Ih¢re are no material unc¢rtainiie8 aboui ihe Charity's Èbility to conLinuc as a going
concern. With respect to the next rcportin8 perirMJ. the most significant areas of unccrtainty that 8ff¢¢t th¢
Charity's &8seis relate io the ongoing macroeconomic and geopoliitcal climate, and the iTnpart thcs¢ will have
on thc Icvel of invcstrneni returns and pcrforman¢e of ih¢ Chariry's investmen15. (S¢¢ the investment policy ar¥J
th¢ risk managemeni sections of the Trusices. annudl report for rnorc infomiaiionl.
OperatioThal platL& Telal¢d budgas and foreca8ts continue io bc reviewed and have been upd#¢¢d for 2025-2026.
In 2024, the Chariry continued lo fijnd a¢tiWiLies from existing r¢s¢rves, bui membership fees were rrt¢ived by
the CPA- the non-charitablc unineorrxTrraltd &88ociatioll that 15 at Wtn's Icngth to CPA CharitsbSc Funds. From
7 November 2024 the llOD4haritable organisalion ￿SUmed the operational rolc of the or8anis&iion and adopted
th¢ name CPA.
Following the above review 8nd de5pire fijture forwasts being, to a degree, urt¢¢rtairt because of Ihc are
highlighted th¢ Trusi¢¢s consider that th¢ Charity'$ aSS￿s, and in particular, liquid tiinds arc adequate to rn<¢t
1¢$ annual obligaiion5 at least for the next two years considering the or8anisational changes highlighted above
affecting th¢ Ch8TSty.
Pag¢ 20

CPA Charitable Funds
Notes to the financl21 statements for the
year ended 31 December 2024
lo) CoiDK coneern (¢oll¢lnuedl
As a r￿l￿t of the Above review of the Charity's fitsallcial position, reservcs Icvcls arKi futurc plan5, th¢ Trustees
are of the view that the Charity remAins a going concern in respcct of a periimi of al leost hvo yegTS from the date
of approval of thes¢ financial wi¢ments. notwithstanding the unccrtainties outlined alx>ve.
(p) Judyments ind e8tlmate•
JUdgeM￿t$ tnade by the Trustees, in thc appli¢&tyon of these accounting policie5 that have signifieAni effeci on
the financial 5talcments and estimates with 8 si￿]Ificant risk of mai¢rial adjustm¢nt in Ihe nexl reporting period
is deemed to be in rclaiion to the provi$ion for doubrful debis. The CPA HQ S¢rrti8riat is CUtTently h051ed by
the UK P8rliAmenl on the PaTliamefitary Est8te. The Trusitts do not believe that th¢ VNlu¢ of this benefjt,
although ll Gift itt Kio4 Can be measured wilh suffjcicnl aL'¢uracy.
lrtvMtm¢nt In¢om¢
Unreitrleted
funds
R￿trICte
fund
TotAI
2024
2024
Dividends- equiiies
Intcrcst- fixed irttere8t securities
Interest on cash and money morkei deposits
68,176
42.200
9.559
69,840
43,298
108,765
1.098
99,206
101,968
19.935
221,W3
Unr¢i¢rlrted
Rtjtrleted
fundi
To¢•l
2023
21123
Dividend$- equities
Intere81- fixed in¢crc$i $e¢urilies
Inte￿81 00 ¢08h and money market deposits
83.832
62,431
8.422
85,872
63.957
156,266
1.526
147.844
151,410
154,685
306.095
Invcstmenl income ¢on$ists of dividend & interc5t re¢¢ived from invesmients. bank intcrcst llnd int¢ft5t ¢am
on ternj deposits.
Page21

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
P4rt#¢rshlp Income
Total
2024
Total
2023
FCDO- Commortw¢&lih Parliameni8ry Good Governance
FCDO- Boiswana Parliamcllt4ry Good Governance
157.561
01.121
7,022
157.561
68.143
Staff Cfjits
Total
2024
Tot*l
2023
SalAries and wa8e5
Social se¢uriry cos
Pension costs
980.768
106,543
66,772
1.140.233
117,558
69,182
1.154.085
1,326,973
Staff ¢oiti relit¢ ¢9 th¢ p¢rl•d l JAAUAry to 7 Novembtr 2024. At thAt polnt, the Actlvltles of th• ehgrity'$
op¢rntlon•l expendlture were trnn$ferrtd over to the CPA And no further st*tT colts were fn¢urrtd.
In addition. ben¢fLt$-in-kind payments of £1 1.94612023.. £13,118) ¢ovv h¢Nlih. travel insurdnce and dcath-in.
Service expense5 to th¢ CPACF. These payments covcrthl by a PAYE S¢ttl¢ment A8reernent with HNQ
Customs and Excige.
The avmg¢ number of employees during the year w&q'.
2024
No.
2Q23
M8tLagemertt
Charitable activities
20
19
23
22
Page 22

CPA Charfitable Funds
Notes to the financial statements for the
year ended 31 December 2024
Key mana8ement persojjnel
2024
2023
Secretary G¢neral
Depury Secretary General and D1￿ClUr of Operaiions
Finan¢e Di￿tOr
129.451
91,935
55,973
144,575
106.04S
59,11
277,3541
309.726
Stiff Costi {eontlnuwl)
The key maThagernctht wsonnel ¢ompriscd m¢mb¢rs of the Senior M&nag¢meDI T¢am (sfvrri. The SMT is made
UP L)f ihe Sccrct&ry Gcn¢T81, D¢puty Secretary General. Fin&nce DI￿¢10¢, Head of Human Relourees, H￿d of
IT and Digilul Servi¢e$, He8d of Pro8ramme5 and HeadOl'S￿teBY and Communications. Stiff toit8. Includlng
IC ond ¢mployer peDJlon tontrlbutloni. Ire redueed btcauie they only Cover the perlod up to 7
November 2024.
Si&ff receiving emolumenu in exceB5 of £60.(KM) are afier 8ddirLg ba¢k salary ￿CrifiCe element. (eKclusive of
pension contribution$ paid by ¢h¢ CPA Secrelariatl. during the yeBr wer¢ as follows..
To¢il
2024
Total
2023
No.
£60,1MX). £70,0￿)
£70.LK)1- £80,000
£90,(M)I - £IOO,O(K)
£I(M),IK)I-£iIO,O
£110.￿[ . £120,OtK>
All of th¢ employcts whose emolurnents wert greater than £60.ffl0 are part of the personal pensiotj $¢h¢m¢ and
the CPA Secretarial paid £29.21212023.. £31,133) for these employees. Sthff eogtl 4r¢ r¢du£¢d b¢¢auie Ihey
only ¢oYtr the perlod up to 7 November 2024.
P8g¢ 23

CPA Charitable Funds
Notes to the financial ststements for the
year ended 31 December 2024
Penslon Scheme
The CPA SecTeiariat's Personal Pension Scheme I"Sch¢]n¢"I for employee5 15 with Scottish Widows which
eOTllTnenr￿ on l* August 2010. The Scheme is fut)ded by contTibuiion5 from Scheme members and the CPA
Se¥re¢8riat.
The Schemc is Iyer&ted on & Personal Pension Scheme basis and is not a defined ben¢fit5 final salarie$
arTEingerrbeDt. contributi1￿8 are invested with Scottish Widov48 under Ihepen5ion Tul&8 to produ¢¢ the maximum
nd of monies &1 Telirement for caeh individual tnernb￿. MembeT5 can contribute towards the c08t of their
benefits at rares beNttn the range of 2-15 /0 of artnual s￿ary. CPA SccTeiari8t pays 160/0.
In 2017. in respoDx to ihe UK Pension Act 2008. CPA Secretsriat reg15tered for aul¢JmAti¢ e¢Jrolmen¢. From
April 2017 $taff memkns can contrib￿te within ihi5 addition81 scheme. towards the cost of th¢ir benefit$ at rates
of of aThnual salary. CPA SccTetar121 pays 5QA.
In NoverrLb¢r 2024, the administration of the Pension s¢h¢m¢ w&8 transfeTrd from the Chority to th¢ CPA.
Pert$bon xheme Icontlnu¢d}
Tot*1
2024
Totgl
202J
Total Pr¢mium8 paid
L¢s$'. Contributions from employees
141,224
(74,952)
132,914
(63,732}
Ernployer Conrribuiion$
66,272
69,182
Toill Expendl¢ure
Dlreet
costi
Support
¢osts
Total
2024
202
Note
Coit of gen¢r•tlne fundi
Inve5tmeni managemcnt cost5
55.857
55,857
Coit of¢h•rllible iftlvl¢kJ
P8rliament8ry Benchmarking and
Developmeni
Public Outrc&ch
Communication8 and Publishitlg
1,860,429
85,847
250.987
625.473
34,802
216,020
2.485,902
120.649
467.007
10
2.253.120
876295
3.129.415
Page 24

CPA Charitable Funds
Notes to the financial
Statements for the year ended
31 December 2024
Dlre¢t
Support
tosts
TotAI
202J
Note
Coit ofgeneratlng funds
InvestsDeni m&n4wement costs
49.092
49.092
C¢Mt of chsrltible lctlvltl
Parliamentary Bertchrnarkin8 and
Development
Publie Outreach
Communications and Publishing
1.869.966
12,169
266,18S
760,917
22,010
234,359
2,630,883
34.179
500,544
io
2,197,412
1,017,286
3.214.698
Allo¢*tlon of Support c￿11
Tol*l
2024
cO￿t of ohirltable
aetlwltlei
Parliameni&ry
Benchm8rking aThd
Development
Public Outreach
Communications and
Publishing
313,965 27,634 46.020 151,644
17.470
1.538 2.593
8,438
6,074
338
79.536
4,425
625,473
34,802
108,434
9.544 16,103 52,373
2.097
27,469
216.020
439,869 38,716 65.316 212,455
8.509
111,430
876.295
Page 25

CPA Charitable Funds
Note$ to the finAncial ststements for the
yeAr ended 31 Decejnber 2024
Totsi
2023
Co$t ofchgrltable
Atdvltlej
Parliamentary
Bthehmarking aThd
Development
Public OutreaL'h
Communication5 and
Publishing
401,350 25.265 44,139 190.520
731 1.277
5,511
28,687
830
70,956 760,917
2,052
22.010
123.614
7,782 13,595 58,679
8.835
21.854 234,359
536,573 33,778 59.011 254.710
38.352
94,862 1,017.286
Support CO81$ are allocat￿ btheen gctivities based otl the proportion of diTe¢t ¢xp¢nditt]re attributable to each
a¢liYity.
Governance
Co315 cts5$ified as governance r¢l8te to the gencrdl running of the Charity and in¢luded operations of the Board
of Trusieu and those addressins constitutional, audiL dnd other staw¢ory matters. and are made up of the
following..
2024
2023
Ex￿M#7 Audltor's remuneraion
StaNtory audit
Iniemal Auditor's fe
Legal & pr(pfe$sional fe&s
Consullanls. fc
Offi¢eTS tr8v¢I
18.(K]O
12,570
62,678
3,449
14.733
20,520
45,278
25,(b5
111.430
94,862
Page 26

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
P•rtlamentary Ben¢hmArklng Development
2024
202J
P051-Ele¢iiort Seminars
Ttthnical A55)stanrc Programmes
Commonwe8lih Women Parliamen¢arièns
Srnall Bran¢h
Commonwe4lih P4rliamerttOri8ns with Disabilities
Commonwealth Heads of Govern]n¢nt$ Meeting
Parliatncntary A¢8d¢my
Them81ic ond P8rliamentary Pwtice & Pr(Kedure
Benchmarks
CoTllmoDw¢81ih Re8ional Conferences
Annual P8Tlia]n¢niary and Mid-year Executive Conferen¢e
Artificial InielligenLe and Di$infom)otion
Cornmonwe&lih Parliamentary GIMMi Govern￿Ce
Environrll¢nial Impact Fund
Boiswana Parliamcnlary Good Govern8nce
Dir¢¢i siaff
60
13.8511
105.906
65.625
73,088
21.061
133.499
11.030
8.866
55,(K)O
662.456
65.266
122,577
30,(M)O
53.758
9,￿1
97,846
71.698
¢16,056
l32.446
17,677
49.088
717,1￿
26
54.028
7,022
591.209
509.786
1,800,429
1.869.966
Publlc OutreAth
2024
2023
Commonwvdlth Youth ParliatD¢nt
Direct *aff ¢o$ts
57.482
28,365
(4.9321
17,101
85,847
12.169
Page 27

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
CommunIeitloni & Publlshing
2024
2023
The Parliamentsrian
PrinliDg
Disrribuiion
F¢¢$ to eontributors
22,021
25,387
1.050
29.484
26,727
1,5(
48.458
57.711
CPA Website
Books. P¢Tiodical$ aDd inforniaiion
Dir￿1 statycos
22.830
3,634
176,065
25,189
.195
182,090
250,987
206.185
11. T*nglbl¢ 158eti
Tansible fixed asse¢s ¢omprise of ¢ompuier and Offi￿ equipmcnL
2024
2023
Coit
At l January
Additions
EliminBl¢d on disposal
205,716
9,611
1215.J27}
186,982
18,734
At 31 t)e¢¢mber
205,716
Deprtol*tloTh
At l January
alargc (or thc year
Eliminated on disposal
186.385
8,509
(194,8941
148,033
38,352
At 31 DecemF*r
186,385
N¢t book valu¢ at 31 December
19.331
Page 28

CPA Charitable Funds
Notes to the financial ststements for the
year ended 31 December 2024
2024
2023
12.
Invest￿ent
Market value at l Jartuary
AdditTOnS
Disposal PTweed5
Investments cash account movrtncni
Re&lised Ilosse81
Unrcllli8ed g&iDOllossesl
7.374.975
7.170.320
2,759.170
3.346.487
{3,033,6341 {3,173,296}
(17,109)
1222 J12)
149.303}
1147.2091
494,139
401,185
Market value at 31 December
7,528,238
7.374,975
Hisiori¢al eosi valve ai 31 tkeember
6,438,896
6.783,444
A2.
Inv¢•tmen¢i l¢ontlnuedl
Th¢ toi81 unreali8ed gains at 31 December 2024 ¢¢mstiNte movements on the revaluation and are a6 follows..
11124
2023
UnTeali5ed gains includd al￿¥¢..
On invrgimEni¥
1,089,342
591.531
Total unrealised 8ainy al 31 Decemb
Re¢ortciliaiion of movernenls itl Urtrealiged gains..
Unreali5cd gains 8t l J8nu8ry
In respeci of disposal in the y¢AT
Add.. n¢t gainslllosses) arising on revalu81ion in the year
1,089,342
591.531
591,531
3.672
494,139
222,846
{32,5001
401,185
Toial unrealiscd gain5 at 31 Decetnber
1.089.342
591,531
Flxed
Interut
urltles
An•lyili of InveJtmtDt
Equitles
CAsh
2ff24
1,528,087
5.914.235
85.915
7.528.237
2023
1,636.190
5.659,192
79,593
7.374,975
The underlying a$$ds contained within th¢ variou$ funds invested in by the Chority are reeo8jjis￿ on a listed
Stock exchange.
Pag¢ 29

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
13. Debtor#
2024
2023
Branch fee8
Less.. ProYi$ion for doubtfijl debts
111,749
1.020,292
(111,7491 1874.672)
145,620
Net br8n¢h fees
Staff advances
Oth¥ debtors and prepaym¢nl$
2.600
213.403
64,572
64.572
361,623
J4. Short-term depoilt
2024
2023
Close Broihers business no¢i¢¢ ai¢ount and short-teTm deposit
31N),011 2.919.539
3￿,01] 2 919.359
IS. Credltori-, Amoun¢1 FBlllng Due Wlthlffj Ont Year
L¥ote
2024
2023
Trad¢ cr¢dilOT5
Gener￿ a¢¢￿al$
Parliamentary B¢nchmarkith8 and Development
ac¢Nals
Ttx and 80cial security
Def￿r￿ income
68,786
37,&10
143.199
86.505
137,148
78,445
25,679
469
16
262,974
334,297
Page 30

CPA Charitable Funds
Notes to the finvdnciydl statements for the
year ended 31 December 2024
16. D¢f¢rr¢d Incom
At
l Jan Rele&5ed to
2024
Income
Deferred
ITh the
yeAr
31 Dec
21124
BrdD¢h f¢¢$- 2024
469
469
469
469
At
l Jan Rele*ied to
2023
Ineome
Deferred
In the
yeir
At
31 Dec
21123
Brdnrh fees- 2023
581.493
(581,493)
469
469
581,493
1581.493)
469
469
D¢ferr¢d income is primarily represented by annual membership fees receivd ID advance for the tollowing
y¢ar. As 2024 Tnembership wer¢ invoiced and sellled into ihc sepanie CPA entity which took on Ihc
operationd aGtivili¢s of the ch8rtty from 8 Novcmbcr 2024, this piym¢nl 1$ no lonRer refleC￿d in thc ch￿Ity'S
IccourLIs.
17. Movement In funds
AtlJ4n
Income
Expendlture
At 31 De¢
2024
2024
Tr•nsf¢ri
CPA HeadquArter8 Se¢r¢t4r14¢
nr&8tricted Fu
General Te5crvc
cstri lcd Fund
3,295,327
349,345 {2.771,672)
11,143
884.143
Conference A55l$tin¢¢ Fund ICAF)
4,704,377
73.Z09
1275 J561
272,904
4.774,934
Working Capital Fuod IWCFI
2.648.748
46,726
182.1871
160,789
2.774,076
Total rtstricted furtds
7,353.125
119.935
(357,7431
433.693
7,549.010
Totxl fundi
10.648,452
469.280
13,129,415)
444,836
8,433,153
Page31

CPA Charfitable Funds
otes to the financial statements for the
year ended 31 December 2024
AtlJan
Income
Expendlture
Calns
{Lossesy
Tranifer8
At31 Dec
2023
2023
CPA Headqvarten Secr*tarlat
ric
General reserve
3.196,305
2.952,208
12,857,652}
4.466
3,295,327
ConfueTr¢c Assistance Fund ICAF)
WorkitLS Capital Fund {WCFI
4.704.709
95,043
(255.9901
(101,0561
160.615
4.704.377
2,601.267
59.642
88.895
2.648.748
Total re5tri¢led fvhds
7,305.976
154,685
1357,046}
249,510
7,353,125
Total fundi
10,502,281
3,106,893
13,214,698)
253.976 10,648,452
17. Movtrnent In fundi {e•ntlnued)
Unreitrlcted funds
The 8iTrcraf rcS￿Ve rcprescnts the aceumulated surplus whi¢h is 4vailf4ble for spcnding on CPACF,
obj¢ciiv¢s.
Itt 2018, 10 be(Icr addre%5 the likely risks and finanrial PTcssures faced by the CPA in the medium lo long.temi,
th¢ Trustees agr¢ed a poliLy 10 ret&in 411 tsnrcsiricied reserves ai b￿ween 3 10 6 mooths plinncd opvraiing
expenditure. With Ihe C$lablishmcni of the non-¢hariiable unincorporaied as50¢iaiiott thai bcgan 10 vndertak¢
rhe operational rol¢ of Ihc CPA from 8 Novcmb¢r 2024. the general r¢5crves will ¢oniinu¢ be uscd lo funtj
CXISling ¢haritoble aclivilics until such iiine as Ihe 51rategy is amended.
P4e 32

CPA Charitable Funds
Notes to the fmancial statements for the
ye&r ended 31 December 2024
Re$trIe¢¢d fund$
ConfeTenC¢ Fund (CAF)
The main aim of Ihc CAF is to provide finan¢i81 aid and aBSi5tance to any of thc Branches to assist thern in
OTgarhising. con51ituling oDd holding plenary conferences
Worklng Capilal Fund (WCF)
In furtherarlce of the objects of the Fund but nor further OT otherwise the Tw8￿¥ $h811 have the following
)wer$.'
{al
to dcfray where ne¢¢ssary wsonable costs of trllvelling and ac¢ommodation 8nd oiher expen5e5 of
Parli8mcnl8ri4ns, pifiGial$ 8nd others visitin8 countries holding edue&iion81 semin8rs in accordance with th¢
Dbj¢cls of the Charity on parliamentary prnctice and wo¢¢dure 8nd other related subjeLls and 10 provide
fiTJ8n¢ial &ssisiance to the host county wh¢Te rteeded in the provision of facilities for such seminars;
{bl
lo provide travel grants io lecnjrers on parliamentary matters to visit universities schools and oth
cducalion81 institutiorts for the purrrfjses of &dvAn¢ithg thlu¢ation in Parliamentary mllrters with particular
¢mphasis on young persons,.
(cl
¢0 defrlly reasonable of transportation Ind ocwmmodaiion and other expenses of
Parliameniari8n$ and olyicials ofany Commonwealth ¢ourttry travelling in pursuanc¢ of the study of
Parliamenw instiiution5-
lo provide finaD¢i81 $upport 10 sNdy groups of Parliamentarians And others for the &dvancernerht of
cducalion in subjcEts whi¢h further th¢ Charity's objccts and for lh¢ dIss¢min￿lon of their finding5
report5: and
lel
to discharge Ihe r¢asonRbl¢ co$t$ and expenses Involv￿ Èn any other charitable HetlVLlie5 proposed by
the mthnbcrs of the Charity in funh¢r8nce of the object5 of th¢ Charity
(dl
Page 33

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
l& Anal￿18 of net a$*ts between fundi
Unr¢strleted R#trkted
Vundi
FuDds
2024
2024
Total
Fundi
2024
Tangible fixed ass¢ts
Fixed &ssei investment
Curreni wets
Current liabilitie•
189.918 7.338.319 7,528237
907,629
260,261
(213,4041
1,167.8
149,5701 1262.9741
884,143
7,549,010 8,433.153
Unreitrkt¢d R¢Jtrl¢ted
Fundi
2023
TotAI
Fynd
1023
2023
Tan8ible fixed awts
Frxcd asset inveSthsent
Current fjsseL4
CurMI liabililics
19,331
177.342
3.409.655
{311,001}
3.295.327
19,331
7,197,633 7.374,975
178,788 3.588.H3
(23.296) 1334,297)
7.353,125 10,648,452
Pllge 34

CPA Charitable Funds
Notes to the fJDan¢ial statements for the
year ended 31 December 2024
19.
Rtl•ted p*rtleJ' tranilction
2024 was a year of transition for tbe CPACF. For the ￿tod up uniil 7 November 2024. CPACF ¢oThtinu¢d lo
Provide the operaiional acitvilies of the Commonwealth Partiamenthry A5SOtiaiion {CPAI.
On Ihc 7 November 2024, at the Gerteral Assembly, the name and oper8tionaJ activities of the CPACF was
transferred lo a non-ch8rit2ble unincorporatcd assoLiaiion.
In 2024 the CPACF patd £112.410 on behalf of IS Ex¢cuiive Commtiiee members IEXCOI for iheir travel and
4ccommodaiion. Total transa¢lion$ b¢tw¢vn CPA and CPACF amoun15 (0 £237.710. They Are for reimbur&erneni
of meJnb¢rship fe¢5, managemcni ch4rgL¥, paymLni for Iransfer of8$5ets and inielle¢iual propLfty riBliis, and
pr¥'paymeni & advoncu for 2025 progrllmme r¢lai¢d evcni$. Thc OUlsiandin8 bolan¢L b¢iw¢¢n CPA and CPACF
t the yiar-end amounis lo £20.095,
2023.. £265.2(X) was paid to 35 Parliaments of meD)btts of EXCO for their travel And Accommodaiionl.
None of the EXCO members received r¢mun¢r81ion or benefits from employment with the CPA. EXCO
m¢rnkrs actol as Trts51c¢s for th¢ eharity durin8 Iheir r¢rm in office up until Ih¢ir resignaii¢)n on 7 November
2024.
Page 35

CPA Charitable Funds
Notes to the financial statements for the
year ended 31 December 2024
20. CompRrAtlve $tatem¢nt of nnllntlal
4CtlThltlu 2023
UDr¢ttrl¢ttd
fuDd$
Restrkted
Total
2023
Note
Income from:
Investments
Chariittble acriwiie$
Branch membership fees
Sub$¢ripiions for the Pxrliamentarian
P8riner$hip income
Oiher
151,410
154.685
306,095
2.723.735
2,557
68,143
6.363
2.723,735
2,557
68.143
6.363
Totsl
2.952.208
154.685
xpendlture on..
Rai.rin8fynds
Inv¢5rmLni Managfflienl C051s
Char¢iftbl¥ (Ériivliie
Parliamcniary B¢nchmarking 2nd
Devclopment
Public Outrelleh
Communi¢*rion5 and Publt$hing
Tot4J
3,IU6.893
1,180
47.912
49.092
2,321.749
34,179
500.544
309.134
2,630,883
34,179
500.544
2,857.652
357,046
Net l¢¥pe#dltureVlncome before
811n51{10s5¢$) on Investmehts
3,214,698
94,556
1202,3611
Net gain￿lI05$eSl on investmen¢$
Net mov¢ment In fundi
1107,8051
12
4,466
249.510
253,976
99,022
47.149
146.171
Retonelll•iion offund$
Bxl¥nce brought fonvard
B•lin¢e carrled forwArd
17
3,196,305
7,305,976
10,502,281
17
3,295,327
7.353,125
10.048,452
Page 36