PUBI.IC INI'CRF>ST RF,SF,ARCH CLNTRE L.IMI'I-ED FINANCIAL STATEMEN'fs FOR THE YEAR ENDED 3 1ST DECF.MBER 2023 CONTF.NTS AND COMFANY INFORMATION CONTENTS.. Directors, Report Auditors, report Staietnenl of finansial Activities Balancc Sheet Statement of Cash Flows Noies to the financial StateTnetJts 10- 15 DIRECTORS: E Baker (Chair) (res]ed 13th June 2024) S ZlotowitL (rtsigncd 6th Marc4 2024) E Andrews J Beswick (resigned 13th Jun¢ 20241 N Akehurst (&ppointed 6th December 2023> C Magee (appoinied 61b. December 2023) L McKay (ap?oii)ted 6th March 2024} D Hebron (appointed 6th March 2024) T Hyatt (appointed 6th December 2023) SECRL'I'ARY,. A Jarrett KE.GIST'F,KF.D 01-.FICE'. Y Plas Machynlleth Powys SY20 8ER RE(ilS'I'RATION NUMBER.. 1112242 CFIARITY NUMBblL. 266446 BANKLRS.. The Co-operative Bank PO Box 200 Delf R.louse Southway SkelmeTsdale WN8 6GH 1 riodos Bank UK Ltd Deallery Road Bristol BSI SAS AUDI'roKs.. Prentis & Co LLP Chartsred Accountants & Statutory Auditors 115c l17t0 Road Cambridgc CB4 IXB
PU13LIC INI'ERE.ST RESEARCFI CEN'f]iE LIMITfD FINANCIAI. STATEMI,Nrs FOR TI.IL YLAR INDED 3 1ST DECEM]JEK 2023 RFPORT OF Tl.Ib. DIRECTORS The directors present their report and the financid statements foT the year ended 3 1st Decetnber 2023. The financial statsments comply with the Charitie5 Act 2011, C¢)mpani¢s Act 2006, the Memoi'andum and Arti¢lcs of Association, and Accounting and Reporting by Charilies-. Siatement of Rccommended Practice appli¢&ble to charities preparing their accounts accordance with thc fiDan¢ial Reporting Stsndard applicable in the UK and Republic of Ireland (rKs 1021 leffectivc 1st January 2019). STRUCTURE, GOVERNANCE AND KINAGEMENT The Charity is coist',tuted as a company litnited by guarant¢¢, and is th¢refor¢ governed by a Memorandum and Arti¢les of Associ&tion, It is registered as a charitv with the Chariry CortUni10n. Ir. the eveni of the company being wound up Lhe liabilily octhe members is limited to £1. On 28th f¢bruary' 2020 the Articles of Association were updated to bring the into line with thc CoTr.panics Act 2006 arLd allow for remots m¢eun8s. APPOINTMENT OF DIR£,CTOKS The Board of Directors ha% the power to appoint additional mernber5. DIRbCI'ORS I'L41NING Directors of the charity keep their knowledgc of the charity sector up to date as Decessary. The ¢ompany secrctsry briefs thein &t regular ffttervals on activity. In the event of new directors being admitted the ¢h2rty, tho dwe¢tors would ¢D5UTe that they had a suitable induction pro¢¢s$. ORGANISA'fioN ThL Charity is organised sv that the directors meet when required (curTently on a qlerlY basTS) to ovcrsee the administrativn of the Charity. -I'lie objects are attaiied with the services of six part time project stsffi and res¢arche¥s who utilise the funds as Deeded to cany out planEked research. Thetr hav¢ been no ¢hanges in thc policies adopted to aGhiev¢ the ¢haritsbl¢ objcctives during the year. RISK 'rhe directors keep the areas of risk undcr rcview and it 15 on the agenda for their meetings. OBJECTS AND ACTIVITIES 'rhe Charitys object is to r&5earch ;he organisation and activity of govcrnmenu industy, business, trade, the professims and th¢ scrvices and to assess their impact on the environinent and Sife of the community and to make ihe result of such research available to and for the benefit olthe public. Its policies in carrying out the objects remain unchanged. ACFIILVEMEbrrs, PERFORMANCE AND rui"URE DEVELOPMENIE In 2023 we hayc conllnued to support those working or. ¢limatc, social, racial and ¢WnQTni¢ justice to ro$earch and strcngthell the stories th&t unite us. lThis yEar we continued with our new cross-issue movement-building narrative strategy. Slrgtegy Building our Narrative Power- launcb-d the keystone of our strategy, a 12 month LTainiig proaTr.e bringing together people who ar¢ intcrested in changing the narrdtive across social, climate. and econoinic jusiice. and are impacted by DPPI'essioii. We received 76 application5 frotn across the UK and selected 16 par.icipanrs. We recruited with Lle k.elp of movement infrastwctur¢, grdssroots, Campaigning aELd organisin& trniniDg a[ re5carch organisations. Wo op.boaTded the partiicipants in Aulutnn 2023, and betran our course c¢Fdesign pioce&8 With a learning SLThey and tsne-t(>4)ne ca]Is to derStand WEllbeing and leaning needs. The Lourse is bcing ru throuKphout 2024 via residentials, online training, 5UPPOrt and mentorship. Dccolonising Narratiyes: This worf( continued in 2023 with a series of Decolonisillg Narratives blogs on epistemic injusiice and que£rints narrative work. We attended the COnflUer. Conf¢ronce ID Bogota and we are Iiow part of a decolonisiqg nan'ativcs iyorking ollp with global conferencc participaThts. )Artnorshsp Development and Community Wc integrate network building ints) all pro.trrdmine5. In 2023 a new member of staff to head up Eommunily ¥owth and developmpnt bEgan work and continued to run monthly peer Iraning events with an ever widening nclwork of associaies to &har¢ knowledge and working practices aDd re¢eive inpknt into our strategy.
PUIJI..IC INTF.REST REsf.4RCFI CENTRE LIMI'fED FTNANCIAL sfATEMENfs FOR TFIE YEAR ENDED 31ST DECEMBIR 2023 RfPURI' OF THE DIRELYORS CONT.. We joined Joseph Rowntrec Fi)undation's (JRF) NaTrative Power pTOgrnrte. The programme connected us more clos¢ly with narr&tivc organisations in the UK itt¢ludin# Ileard, Int£r-Na]Tatives, Coinmon (ause, New Econotny I,"oundation and Radcomnis. We art working to 2dvocate for a bolder forni olchdnge: crrating a collective narr&livE ab(iut narrdtive work, building narrntive change infr>ructure, and inllutncing fimdeTS to trke a radically differeni approach to funding narrative wor£i. A new fid from JRF is planned to lauThchid in 2024 drawing oo this wo Some of the organisations we have worked with in 2023 in collaborntion for delivery of our strategy include: ILGA-Europe, Tripod, Sceds of Chattge. OpeTh Fdge, NEON, Flot & Cool follndation, Bold Voices, Positivc Fast, C¢ntre for Collective InginatIOL , Flope Not Hate, Landillg Comrnunity TrusL Gendered Inlelligence, The IA)ve"funk, The Advocacy Acaduny, and BLKOUT UK. Evaluation &[ Learning: We appointed exiemal collsultall(5, L'verpool World Centre, pnd worked with thEm lo desigN and undcrtakc thc evaluation of our strategy delivery in 202J and 2024. They will report &2rly 2025 we will Ittteie thcir finding5 into the next stage ofour Strategy. Online tralning: We had over 560 8iEnups for our fiT5t introductory online course- Getting Started with Narralive Changc {Sepiembcr io December 2023). Participants found the con[ useful to apply to the catnpaigns the? are involi'ed in. Wc will have further evaluation report later in ?024. It had an int¢maiional impact. The Feminist.45sembly in Spain translated the course into Spanish. Thoy used our materials to deliver for peopl¥ from a range uf diiTwent local orgdiiisations- ecologists, social rivhts. campaigners, ExtincLiou Rebelliott and local communty organisations. We also shared the Spanish translation of the coursc with contacts in South Americ& Based on feedback and evaluation Df the course we will be rut]ng thTrs again in 2024. Projccts and Workshops Ul,Tr.X'l'rxining: We again rall a week-longNarrdtive Change Course wilh ULEX in December, training ovw 90 cliniate aeiivists, campaigners and communicattsrs from acros5 Europe. The Tel&ionship with Ul.FX continucs and we will be delivering Loune8 for them 2024 and 2025. Fr#ming ModcrD Slavery: A large framing projec4 in Collabolon with The Brilish IT)stiiUte of InlernaltOll31 and Cornpar¢itive Law, began October 2023 aryd continued into 2024 with the publication of the [al report tll June 2024. Palden Puckharn: We ran a workshop on framing thcir new strategy to the trttteS of Polden Puckham. Staff Challg¢s: 2 new staff joined thc tcauj in ¢arly 2023 supp)ning us ill delivery (Gommunity) and operations. rINANCIAL REViEW During the year income exceeded expendittjre by £122J21 (2022- £12,078). RESL?RVI=.S The directors try lo ensure that tbe chilY has sufficient cash reserves to m¢et thr¢e Inonths nmning costs, as funding is generally provided quanerly. DIRf,CTORS AIS directors of the charitable company are also Trustecs of the Charity, and thcrc are no other l-rustees. All of the I'ru8tec$ natned b¢low 5¢rvcd througjout the ycar exccpt as shown below. The Board h35 powcr to appoini &dditiornal I'rusiees as it LonsidLrs fit to do S Zlotowit7, E Andrew8 J Beswick N Akehurst {appointcd 6th December 2023) RLuff C.M£gee (lippoithd 6th Deccrnbcr 2U23) T Hyatt (appointrd 6th December 2023) KEY FIRSONNF.J. AIqD IJAY POLICY 'rhe direEtors consider the Board ofDirecwTS as comprising the key manageent personnel of the Charity in clurge of directing and controlling tbe Chariiy and running and opcrnting the Charity on a day to day basis. All directors give thEir time fTe¥ly. POTENfDIL IWAC'f OF LEAVING TtrIE EUROI)EAN UNION AND COVID-19 The directoi'% have considered th¢ impact of leaving the European Union and the COVID-19 padeic and have concluded thdl neitheT event has significalltly impacted Lharilys activities.
PUBLIC IKtEREST RESEAKCH CENTRE LtMtTED PAGE 3 FINANCIAL STATEMENTS FOR THE YEAiiENDED 31ST DECEMBER 2023 REPORT OF THE DIRECTORS CONr........ . STATEMENT OF DIBECTORS, RESPONslL1T1ES The directors &re i'esponsible for pttFariJJg fiuancia] statements in accordall widL applicable law United Kingdom Gen&ally Accepted Accounlillg Prd¢ti¢e. Company atLd Charity law require the directors to prtvdre fina][ slat¢n)ents for each fjngncial yegr which give a trne aThd fair vi¢w of tbt stttte of affairs of tbe Clwity ai at the balance sheei de and of its incoming resources and a4)pli¢&tion of resources, inc1LIng in¢ollLe alld ¢XP¢llditure. for the yeor then ended. Ill preparing tILO8¢ fjttancial statements the direclots Ère required to: - sele¢t suitable accounting poltcies and then apply them consistentty - observe the methoxls aud pri1p1¢S of the ChaTities SORP - make judgements and estinMtea that are reasi)DAble and prnd¢nt - state whetlLer applicable accounting stalld8rd81]aTr"e been followc4 subjext to any material departlres disclos¢d and explained inthe fmancial st&teEnents - prepare the ffinaacial statements oll the going concern b&8is uDle&s it 15 iualwptiate to SUm¢ th¢ Charity will ooThtiu OTh ibat b&gis. The directors responsible for maintaining proper accounting records Trvhich disclose with rtaSOllable at any time the fjngncial position of the chgrithle company alld to enabl¢ rhem 10 etLSUtE that the finallcial st&ternet ¢OllLptywsth the Cornpallie5 Act 2006, Clharitics Act 2011 aod the Cbarity (Accounts attd Re[5) Regul&lioos. Tbey are aLso resp)nsible for safeguarding the assets of the Clty and bence fortsku]g T$0&bI¢ st¢P5 for thepreVeioll gmd detection of fraud and other inegularities. Thc directo iu office at fhe date the Director5, Rwrt is approved confirnthat: ' so fsT as eacb director is Aware, there is no relel audit inf0rn¢) of wbichthe chAriWs auditor is aware,. aLd . the dire¢(ors have tsken all steps that they ought to have tsken as director5 to the[tly&s &ware of ally relevant audii inforniatitsn alld to establish that tb¢ chaTitys auditor is aware of that InforatLoL AUDrroRS The Auditor& Prentis & Co LLP, will be proposed forre-appoinlment in accord9nce with Sedion 485 of the COmE)Ic$ Act 2006. This repor¢ which has beell prqared accord8llce with the special provisions relating to conWlleS subject to the s11 ¢ompanie5 within Part 15 of the Coll]paeS Act 21)06. 11 wa5 approved by the Ix)ard o and $iBned OJ iisbehalf. RL DIRECTOR
PUEII.IC INTEREST RESEARCFI CEN'fRE LIMITED FINANCIAL SI"ATEMEF4TS foR'fHE YEAR ENDED 3 1ST DECLMBEK 2023 RF,PORT OF I'HE INDEPENDEwf AUDETORS TO Tt.IE MEMBERS 01,. PUIILIC INTERf.sl' RESEARC14 CENTRE, I.IMITED Wc have audi=¢d tne financial stat¢Tf¥¢nts of Public Interest ReSh cen l.iinsted for thE year Ended 31 Deccnibcr 2023 whicli comprise tliL Slatenient of Financial Activities, the Balance Shee" Statement of Cash Flows, and tne related notcs on pages 10 to 15. '1'hc finan¢iaI reporting framework that has been applied in the.'r prep3rdtioD is applicable law and United Kingdom A¢COnting Stap.dards, IncldIng fingnoial Report:ng Stand.aTds 102,. The Financial R-porting StaDdard applicable in the UK and Llepublic of treland (Unld Kingdom Generally Accepted Accounting Pracrice), a5 applicable to fintnclal statcnents PFep8red in acThirdanc¢ with the small compariies regini.e of the Companies Act 2006. OPINION In our opinion the financÈal state¢ts.. give a true and fair view of the stale of the th8riL&ble compangs affairs ai at 31 De¢¢inber 2023 aDd of its incoming resources arld application of resour(¢s, including its inconi.e anc expenditure for the yeAr tILen ended,, haye been properly prepdred in accordaTLce with bniled Kingdotn Generally Accepted Accounting Practi,. and have been prepared in accordance with the requirements of the Companies Act 2006. BASIS OF OPINION We COEkducted ow. audit.'n accordance with International Standards on Auditing (LK) (ISAS (UtQ)) and applicable law. Our responsibilities under those standards are filLer described in the.4LditoVs responsibilities for tr.c audit of thc financial statements section of our repoTL We are independent Oi the charitable cotnpany in accordance ivitn cL4ical I'equirements that ar¢ rcltwdnt to the audit of thc financial seTnCllts in thE UK. IDcluding rKc's Ethical Standard. and wc have fllifilled our cihical responsibilities in accordance with requireTnents. We bclievc that the audit cvideiic£ we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RE.LATING TO GOING CONCERN lft auditing the fa.la1 5tatenent5, we have corL¢llld¢d that th¢ directors use of the going concern basis of accounting in the prep¢allOn of the finanLial statements is i¥propriate. Ba8¢d on the work wc have perfornied. we have not identificd any mairrial uThcertairkties rel&tino to events or conditlQn8 that. individually or collectivelv, may Ggst signifibant doubt on the cswitdble conipanys abilsty to continue as a going conce for a period of at least twelve month5 from whtll the fiTrancial statetnents are authorised for issw. Our rtrsponsibiliiies and the responsibilitie5 of the diectors with respect to going concem are d¢scribcd in th6 relevant Sections of this report. UTllbfi INFORMATION The dii'eclors responsible fDr the other InfonatIOn. Thc othcr information compri%s the infonn&tion included in tho Directors, Report other than the financial statements and olli Auditorfs rep(irt therein. Our opin.'on on th¢ financi&l ststemenLg does not ve1. the other information and, except to the extent othetivise explicilly staled in our rEpoo wc do nol express any forn of assur3nce collclusioD thereon. In Conllection with our audtt of the finan¢ial ststement4 our responsibility is lo tead the othcr infortnation and, in doing so, Consider whcther the oth¢r infomation is tnaierially incon5i¢.¢nt wth thc Onancial statements or our knowledge obtained in the audit or otherwise appears to be matrrially missthied. IEwe ideniify such rn&terial inconsi$tenGies or appaicnt mateTial tnissliltements, we are reqLtired to detemiiDe whether there is a marIal misstatement in Lhe fmancial stalements or a mai¢rial misstaicment of tbe other infornution. If, based on the wodL we have perfonned, we conclude that there is a Inaicrial misstatetnent of tliis other infomLqiiOtu Wt are requird to report that fact. Wc have nothing to report in this regard. OPINIONS ON OTFIER MAThERS PRESCRtBED B Y TFIE COMPANIES ACT 2006 In OVT opinion, based on the work undcrtaken in the course of the audit= the infomiation given irt the Directors, report for the financial y¢ar for which the fitjancial stateinonis are pi'epared is consisteiit with the financial statements- and the Directors, report h2s b¢¢n prq)ucd in aCCordace with 4)plicablE legal rcquirements.
PUBI.IC INI'EEiESI' RESEARCH CCNTRE LIMITED I".INANCIAI. STATF.METrri's roR TFIF. YEAR ENDED 3 1ST DECEMBLR 2023 REPOII"I' Ob THE INDCPkTrlDETrtr AUDITORS TO I'14E MEMBERS OF PUIILIC IN'FERf.ST RESEAIIC14 CPNTRE LIMITLD .... Continued MAI1'ERS 01% WHICH WE ARE RF,QUIRED TO RF.PORT BY EXCEPTION Ihe lighi of the kiiowledge and under5taii dii)g of the ch&"'-table cotnpany and its environrnent obtained in the course of the audit, we have noi identified material misslaiem¢nts in ihe Directors, reporL We haye nothing to report in r¢5pe¢t of the foll¢)wing mattrrs in relation to which the Couwanies Act 2006 requires us to port to you if, IA our opinion.. adequate accounting records have not been kept or returns adequ8tc ftir ow audit have not bcen received from branches nol visitcd by us., or the financial statetnents are riot in a&rcemcni WÈth the aCoun..1n2 record5 and rcturns. or ertain disclosures of director5, reriuneration speciF.ed by law &re ftot made. or we have not obtained all the infonnation and explanations ryeGessary for the purposL% of our audit,. or the dEr¢¢tors were nL)i elltitl to prepare the fitwicial statements in accordance with the small eotnpani¢s regime and take advantage of the sma I companies exemption in preparing the Rqxjrt of th¢ DirettoTS. RESPONS1i311,ITIF,S OF'FFtE DTRlC-roiis As explained morc fully in the Staternent of DirLOr%, Responsibili:ies stat¢mctt $¢t out on pag- 3 the 4ireEtors respoi)sible for the preparatiorL of the financial statements and for being satJsf.l tt4.at they give a trLie and fair vicw, and for such internal conlrol as they d¢temiine is necessary to enable the prepardtion of financial statements that are free frotn ]naterial misstatetnont, hether due to fyaud or error. In prepari ihe fin&n¢id staterrients. the direttbors are responsible for assessing the charitable company's ability ro continue as d going concerii. disclosing, as app":icabl¢, matters related to going concerry Using thc ooing conceTn basis of accounting uiiless the directut5 e IheT Int¢nd to liquidak the charitsble company or to cease operations, or havc no realistic altematsvc but to do so. 01111 REsPONsIBlTIEs FOR THE AUDrr oi". THE FINANCIAL STATEMEh'TS Our objectives are to obtain reasonable assurance aboui whether tile fi]w.cial statrincnts a5 a whole are fr¢e from materi misstatein¢ii¢ whether due to fraud or error, and to issue an Auditorf5 report that includes our opinion. Keasonable assurance 18 a hiJcr level of assuraiice. but it is nol ouarantee that an audit Conductd in aordance with ISAb {UKI will always detect maleri&l misstatement when it exists. M:"sstatcmEnts can arise froni fraud or error and are considered erial if. individually or lli ttLC a0Batt, thcy Could reasonably be expected to influence Ihe econoThic dlsionS of users taken on the basis of these financial statements. A further deseription of our responsibilitie5 for the audit of the financial statements is locatcdon the Pinancial RcportiDg Council's website at.. wwi.frc.org.uklaudilorsresponsibdiiies. This de%ription forn part of our Auditor's repoft. IDENfIivING AND ASSF.SSING P(YfLTh'flAL RtSKS RELATED TO llUiEGULARITILS IrrerFularities, illcluding fraud. are instances of non-cornpliance with law5 and i'egulations. The primary responsibility for ihc prevention atld d=lection of irregularities including fralld rests with both the management and triose charged with governance of the charitable Gompany. We designed procedurcs in linc with out responsibilities, outlined above, to dctect leri&l misslatcments in respect of irrcgul&Titie5, iD¢ludÉng fraud. lThc exteni to which our Procedures are capable of dctccting irregulari'ies, including fraud is derailed below- We liave considered the nature o,, the industry and secror, control environinen¢ laws aud regulations and business pelf0mnce ot the charitable compèny, Encludin(T i& remuneration policies_ and regulaliotts considercd included, but were noi limiied to, the Companies Act 2006, Cliarities Act ?0 I l. Charity SORP and fRSIO2. We have cnquired with nlanagement in regards to their own a&sesstnent of the risks of irregularitie5, inrludii)g fraud. Wc also cnquired oFmanatsEmeELt and those charged with governanc¢ as to any knowJJ instances of non-compliar.te or suspected non-compliance with laws and regulations. We have obtaiii¢d relevaTht documentation and representations ITL order to fotm an opinioii oil potential irrcgularitics, iiicluding fraud. We corisider¢d the opportuuities aThd incentives that may exist within the orEanisation for fTaud. Blged on thig understanding, we de5gned specifjc audtr procedures to identify in51ance5 of non-conipliance with laws alld rcgulatitsns. including tsbtainino corroborative evidence as reqLiired. Cx2Tnples of proccdurts includ reiij-wing larg- and unusual trdDsa¢tions, reviewing larg¢ and unexpected variances. reviewing journal entrics and reviewing legal corrc5pondencE.
PUBLIC INI-EIIES'F RESk,ARCH CEwrkr LIMITI-.D PACIl7 6 riNANCIAL s'fATEMEN"r8 FOR'fFtE YEAR ENDLD 3 1ST DECLMBER 2023 REPOR'F OF THE INDpENDENT AUDI'I'ORS TO THE MEMBERS OF PUBLIC INTERISI. KBSI.:ARCH CENTRE LIMI"FED . Continued 1.here arc inherent limitations in th¢ audir pro&-dure5 described above, not leasi as sampling i5 Usec under International Auditing Staudards, thcreFore not all traiCtionS are rcviewed. This means the."e is a risk we will not detect a'.1 Irregul711¢5 iiicluding those leading to a trLaterial misstatemeni in tb.e financial statem¢nts or non-compliance regulations. Th¢ risk of iiot detecting a naterial missts:ement duc to fraad is also higher than the risk of not detecting one resulting (rom error, as fraud may ÉTrvolv¢ deliberate ¢onceatment by. ltsr exanjple. Lorg¢ryi . collusion, omission or intentional tt]isrepr¢sentalion. Ilolevant identified la%w) and regulations were cOm[nliCa[-d within thc ongagenient i¢am so they reinained alert throughout the audit for indicallons of fraua or non-cotnpliance. Usb OF OUR REPORT 'rhi$ ieport is made solely to the ¢h8xitable cotnpauys members, as a body. in accordance with Chapter 3 of Part 16 of the Conipanies Acl 2006. Ou-. audit work has beetl ulldert&ken so that we tnight state lo thc charitable compaiiys members Èliosc Inatte we are required to state to thtni in & Aucito¢s Teport and for no other purpose. 'fo the fullest cxtent perniitted bylaw, we d(> not a¢c¢pt OT ass¢ responsibility ts) atkyone oltier thai the Ch1[able COllLpany's eMber) &s a body, for our audit work, for this repoo or for the opinions we have formed. NIGEL PRENTIS fcA (SENIOR STATLrroRY Auf)ITOR) roR AND ON BEIIALF OF: PREFffl8 & CO I.LP CHARTCRE.D AccouKfANTS & STATUTORY AUDITORS 115c MiltotL Road Cambridge CB4 IXE
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PUBLIC tNTEREST RESEARCH CEKfRE LIMrfED PAGE 8 FINANCtAL STAIEMENTS FOR TIIE YEARENDED 3 1ST DECEMBER 2tr23 BkLANCE SHEET Not&% 2023 2022 FtXBD ASSETS Tgnyble Iqsets 1.943 C(JRpENf ASSETS Debto Cash at bank and in hand 89,026 137,307 29,322 68,359 Totsi Current Assets 226.333 97,681 CNlitors: Oounts falling ¢kn thi oue year 12,620 6.690 Net Curtenl Assets 213.713 90,991 93,335 NET ASSErs 215,656 Utestricted Income funds Restricted Income funds 156,604 59,052 83,272 10,063 12 TOTAL FUNDS 215,656 93,335 This r¢port, whichlL&" been prepared in a¢cord8tLce the special pro11¢)ll$ relatiIig to ¢oiiipanies subject to tELe siJ]Rll c¢)mpanie8 regime Mtbin Part 15 of the Compatiies Act 2006. It was approved by the bosrd on aod signed on its bebaIf. DIRECTOR The nots on pag&% 10 to IS part oftbese fiuancial 5tatement&
PIJL81,IC IN'I'LIiES'f RFSf,ARCH CETh'IRF. LIMI'I-LD PACJF. 9 I,'INANCIAL s'fATLMCNI'S POR I'HE YEAR ENDED 3 1ST DECEMBER 2023 Sl'AI"r.MENT OF CASH FLOWS Notes 2023 2022 Cash flows froln operatillg activities: Net Cash provided bvllused by) operating activities Cash flows from iThYesting activities: Purchase of property, plant and equipment Nct eash provided by investing aetivitics l3 70,155 (8.I161 11.207) (1,207} (774) (774) Change in eash and eash equlvalonts in the rcporting period Cash and cash cquivalents at thc beginning of tbe reporting period Cash and cash equivalents at the cnd of the reporting pcriod 68,948 (8,890) 77,249 68,359 137.307
PUBI.IC INTEIIEST IiESF.ARCH CEKtiiE LIMITED PAGE 10 I,'INANCIAI. STA'fEMENTS foR THF YEAR ENDED 31 ST DECEMBER 2023 NO FLS TO"f&iE fiNANCIAL STATEMEN"fS ACCOLWTING POLICIES (a) BASIS OF PREPARATION The financial stratemcnts havc been preped in accordance with Accounting aDd Reporting by Charities: StatErn¢nt of Ilecommcnded Practiu a?plicable 10 chai'ities preparing tlie'.r iiccounts in a£0[dance witli the financial Reporting Standard appliable the UK and Rcpublic of Ire1)d (Pks 102) (effective l January 2019)- (Ch2rities SORP (FRS 102}), the Pinancial Re[lg Standard applicable in thc UK and Republic of Ireland (FRS 102) amd the Comparyies Aci 2006. Public Interest Research Centre Limited me¢ts the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historictl cost or transaction value unless othcrwise Stated in tFLe Televat)t &Cunting policy notes. Th¢ f]npncial statements stated in strrling which is the fvnctional Quon¢Y of the charity. (b) tNCOME RECOGTrllTION Grants and donations are recognised when there is entitleTncnL (c) EXPENDI"fuRE RECOGNI'fioN Lxpcnditure includes costs directly ioourred on ch'Ib[e projects iKing njll by the Chai'ity- It is recognised wh¢rL it is In1. (d) V ALUE ADDED TAX Expenditure includ¢s VAT where appropriate. {e) TANGIBLE FIXED ASSEfs AND DEPRECIATION 'I'angible fed assets are st2ted * c05t less depreciation. DepTcciation is provided on all tangbi le &5s¢ts ar rdies calculatcd to write-off the costs less estimated residual value of eacl) asset over its expected use1 life as follow5- Officc equipment . over 4 ye5 CotnpLter equiplrient - ov¢r 4 years ixtur(s and fittings - over 8 years (fj OPERATING LEASES Rentals appijctble to operating leases where substsntially all olthe bEn¢fits and risks of ownersliip remain with ihe lessor. are charged against profit as incurrtd. Igl FOREIGN CURRE.NCIFS Mollwtary assets and liabilitios in foreign currencies are trdnslated into SLcrling at the ratc5 of exchange ruling at the balance sheet date. Trdnsactions in foreistL curroncies aTe translated into sierling at thc rate ruling on the date of thc tratL8a¢tion. Excban2E difftren¢es are taken illto aG¢ount in arriving at the movement of fiiids.
PIJBLIC INTh. RFS-I. Rr.si.'AKCI I CEN'I'KE LIMITF.D PAGLII INANCIAL STA'IFMLN'rs roR I'HE YEAR ENDED 3 1ST DECEMBER 2023 NO'I'FS 10 'I'HC FINANCIAL STATEMcKrs DONATIONS - Current Year unrestrlcd 2023 Restricted 2023 Total 2023 Grants reccived during the year Jatn Today loseph Rowntie Charitabl¢'frust Barraw Cadbury Trust Paul 14arnlyn foundation Lsme Fairbaim Foundation Calo'jste Gulbenkian Fowidation Lankelly Chase Foundation Lankolly Chase Foundation-"Embra¢e the Me5S" 19.500 100,334 19,500 100.334 17,450 75,000 60,000 30,000 30,000 40,000 17,450 75,000 60,000 30,000 30,000 40,000 254,534 78 117,450 372,284 40 Donations received durinty the year 254.912 117,450 372,362 Unrestricted ReStrict£d 2022 2022 'roial 2022 PrioT Y¢8r Grants rcceived during tlic year Jam Toddy Joseph Kowntree Charitable Tttt Catnpasgll Bootcamp Barrow. Cadbury Trust LrdSmUS Paul FIamlyn foundation Network for S(Kial Change GSCC 17,500 5i.667 5,000 17.500 51,667 5,000 13.500 11.056 50,000 7,202 2,658 13,500 11,056 50.000 7,202 2,658 135223 60 23,360 158,583 40 Donations recoived during the year 135283 23,360 158,64J INCOME FROM CHARrrABLE AcfIvITIES Unrestricted Restricted 2023 'rotal 2023 - Cllrront Year Cotnmissioned work Book sale5 Miscellaneous llicome 17.549 (15) 179 17,549 (151 179 17,713 17,713 Unrestricted 2022 Restricted 2022 Total 2022 Prior Year Com]ni&sioned work Book sale5 Miscellaneous in¢oine 35.385 123 189 35,385 123 189 35.697 35,697
PIJBLIC INTERBST LSF..4RCFI CENTRE I.IMITED PAGF. 12 FINANCIAL SI'A'I"EMENTS foR THf. YEAR ENDED 3 1ST DECEMBLR 2023 NOTES"ro 'rFIE FINANCIAL STA1'EMENTS EXPENDITURE OEN CHARITABLE ACTIVITIES- cUt Year unStrICted R¢stricl¢d 2023 1023 'I'otal 2023 Rcsearch sal?.ries (noie 6) Research costs omputer support Travelling expenses Telephone Offic¢ rent and utilities Stationery, offic¢ supplies and printing Subsistence and hospitality P05tag¢ Books, subscriptions et¢. ank charges Miscellanoou5 expenses Depreciation Scm":nar costs 'rraiAing 132,963 26.526 2,883 11,030 729 7,623 43,461 25.000 176,424 51,526 11,030 729 7,623 284 1.464 79 257 246 2,467 1,608 1,993 4,771 1,464 79 257 246 2,467 1,608 1.993 4,771 194,923 68,461 263,384 GOVE,RNANCE COSTS Auditors rEttLuneration 4,951 4,951 199,874 68,461 268,3J5 F.XPENDITURE ON CIIARITABL£. AcfiviTIES - Prior Year Ur[cted Restricted 2022 2022 Total 2022 Research salaries (noie 6) Research costs Lomputer support 'rravelling cxpeTJ5es Telephone Office rent and utjljijes StatioThery, office Supplies and printing Subsisteiice and hospitality Postage Books. subscriptions etc. Bank charges Misuellaneous expenses Depreciation Serryinar costs Training 85,444 50,050 3,587 9,397 652 5,98 i 309 915 125 495 17.584 103,028 50,050 3,5S7 9,i97 652 5,981 309 915 125 495 94 1,386 1,518 80 500 1.386 1,518 80 500 160,533 17,584 178,117 GOVERNANCE COSTS Auditory rcmuneration 4,163 4,161 164,696 17,584 182,280 NfT tNCOME FOK'fHE YEAR The net ittcome ftsr the year is Stated aP£r chargin¥. Depreciation or tangible fLxed assets owned by th¢ Charity Audit fee 2023 2022 1,608 4,951 1,518 4,163 ANAGEMENI" THREAT IN Kr.LATtON 1.0 N'OST-AUDrr SERVICES In common witb many other bleSSeS of our size and nature we use our auditors to prepare and submit returns to the lax authorities and assist with the prcpatation of the financial Statements.
PUBI.IC IN'I'LKLIS'I. KESLARCFI C'LWI'Rb LIMI-fED PAGf. i) FINANCIAL STATEMEN"fS FOR TEIE YEAR ENDED 3 1ST DECEMBP.R 2023 NOTFS TO THE FINANCIAI. STATEMENI'S STAFI," COSTS No remuneration was paid to directors during year. I'bjcre wcre na an]ouiits paid to directors for reimi?Ji tsement of expEnse5 within thc year (2022.. £606). 2023 2022 Salaries Social security and p¢nsion ¢05ts 163,019 13,405 97,ilO 5,718 176,424 103,028 The averdge weekly number of staffi employed by the Charity during thc year was.. 2023 2022 Direct charitable workers The key managemeni personnel of the charitable company comprise the Trustees. No employee received remuneration of more than £4iXo. TANGIBLE FtXED ASSETS Current Year rixtures and ritting5 Office Computer Equipnent Equipment Total COST Balar.ce at 1.1.23 Additions 8,589 12.552 815 3,698 24.819 1,207 Balanc¢ at J1.12.23 8.981 li,367 3,698 26.046 DEPEiECIATION Balance at 1.1.23 Chai'gc for the ycar Balanct at J1.12.2J .443 244 J,698 22,495 1,608 1,364 11,718 8,687 3,698 24,103 NETBOOK VALUE at3 1.12.23 294 1,649 1,943 Fixtures nd Fittig5 Prior Year 0]ce Cotnputer F4uipmellt EquiJmcnt TDtal cosi. Balance at 1.1.22 Additions 8.589 11,778 774 3.698 24,065 774 Balance at 31.12.22 8.589 12,552 3,698 24,839 DEPKF,CIATION ]Jalancc at 1.1.22 Charge for the year Balancc at 31.12.22 8,162 281 9,117 1237 3,698 20,977 1,518 8.443 10,354 3.698 22,495 NET BOOK VALUE. at 31.12.22 146 2,198 2,344 D113TORS 2023 Due within one ycar 2022 Due wiiliin onc year Trade debtors Prepayments Other debtors 249 1,875 86.902 21,447 1,875 6,000 29,322 89,026
PUI41.IC INI"FREST RESEARCH CEN'fRE LIMrrED PAGE 14 riNANCIAI. S'I"A TEMENTS FOK"fHE YEAR ENDFD 31 ST DECFMBfR 2023 NO'I'ES'I'O TFIE FINANCIAI. STATEMENTS CRIDITORS 2023 Due within one year 2022 Due wiihiii oi)c ye4r Tradc creditors Tax2tiDn and social security Accruals Other crcditor5 3.961 3,780 3,249 1,630 712 2,668 3,310 12,610 6,690 10, SHARE CAPITAL The ¢ompany is limited by guarantee and does not have any share capitsl. The liability of the Members is limited to £1 eaeh in the event of the cotnpany beingwound up. MOVEMENTS OF FUNDS - Current Year 2023 Unrestricted 2023 Restricted 2023 'rotal Balances brou[ forward at 1.1.23 Ie ExperLditurE Balances carried forward at 31.12.23 83.272 273.206 (199,874) 156.604 10,063 117.450 (68,461) 59,052 93,335 390,656 1268,3351 215,656 2022 Unrestricted 2022 Kestricted 2022 Tolal Prior Year Balances bi'outsht forward at 1.1.22 Incotne Expenditure Balances carried fonvard at 31.12.22 76.970 170,998 (164,696) 83,272 4,287 85,257 194,358 (182.2801 (17,584) 10,063 12. RCSTRILTED FUNDS Cutreijl Year Funds broughi forward at 1.1.23 can'ied foiivard at 31.12.23 Granrs tieceivcd Expendituie Barrow CadbLry Trust Netwoth for knial Change Calouste Gulbenkian Foundation ljankelly Chase foundation Lar,kelly Chase I",oundalion- "Embrac¢ the Mc5S- 7.407 2,656 17,450 {24,857) {2,656) {9,6251 {6:323) (2£.0001 (68,461) 30,000 30.000 40,000 20,375 15,000 10.063 117.450 59,052 Funds caii'ied folTrv.d al 31.12.22 Prior YEar broughl fonvard at 1.122 Gr&nts Received Expenditurc Barrow Ctdbury Tnt GSCL Network for Social Change (6,093) (2,658) (8,833) (17.584) 7,407 2.658 4,287 2,656 4287 23.360 10,063 Barrow Cadbury Ti'ust.. DoYelopmeDt of Future Stori¢s Strategy. Network for Social Change-. Decolonising NaTratives'. Transformig civil socicty communications.
PIJBLIC IN'I'LRLS'f EsLARc11 CEN1'11F., LIMrrED PA(Tf 15 FINANCIAL STATFMENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2023 NOTES TO TFtE FINANCIAL STATEMEKrs 12. RESTRICI'ED FLfNDS ..........(eontinued) Calouste Gulbenktan FoundatiQT)'. Diversify. democratise, and decpen civil societls work on Story, framing aiid naatIve. Lankelly Chase Foundation.. Support th¢ Building Nantive power training course. LkeLlY Chase Foundation-"EtnbTa¢e the Mess" Pilot community organiSiDg cow'se. 13. RECONCILIATtON or NET MOVEMEN[ IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net novernent in Add back depreciation Increase in debtor5 tn¢reasel(dccrwe) in cr¢ditors Net Cash providedllused by) by opernting aciiviiies 122.321 1,608 (59,704} 5,930 12,078 (14,717} (6,995) 70,I55