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 CortUni￿10n. 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$.
ORGANISA'fioN
ThL Charity is organised sv that the directors meet when required (curTently on a q￿lerlY basTS) to ovcrsee the administrativn
of the Charity. -I'lie objects are attaiied with the services of six part time project stsffi and res¢arche¥s who utilise the funds as
Deeded to cany out planEked research. Thetr hav¢ been no ¢hanges in thc policies adopted to aGhiev¢ the ¢haritsbl¢ objcctives
during the year.
RISK
'rhe directors keep the areas of risk undcr rcview and it 15 on the agenda for their meetings.
OBJECTS AND ACTIVITIES
'rhe Charitys object is to r&5earch ;he organisation and activity of govcrnmenu industy, business, trade, the professims and
th¢ scrvices and to assess their impact on the environinent and Sife of the community and to make ihe result of such research
available to and for the benefit olthe public. Its policies in carrying out the objects remain unchanged.
ACFIILVEMEbrrs, PERFORMANCE AND rui"URE DEVELOPMENIE
In 2023 we hayc conllnued to support those working or. ¢limatc, social, racial and ¢WnQTni¢ justice to ro$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 pro￿aTr.￿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 pTOgrnrt￿e. 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&gtructure, and inllutncing fimdeTS to trke a radically differeni approach to funding narrative wor£i.
A new fi￿d 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
In￿ginatIO￿L , 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 Ittte￿ie 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 Collabo￿lon 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 trt￿tteS 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 ch￿ilY 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 manage￿ent 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 pa￿de￿ic 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, RESPONs￿lL1T1ES
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 d￿e and of its incoming resources and a4)pli¢&tion of
resources, inc1L￿Ing 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 pri￿1p1¢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 C￿lty and bence fortsku]g T￿$0￿&bI¢ st¢P5 for thepreVe￿ioll
gmd detection of fraud and other inegularities.
Thc directo￿ iu office at fhe date the Director5, Rwrt is approved confirnthat:
' so fsT as eacb director is Aware, there is no rele￿l audit inf0rn￿￿¢)￿ of wbichthe chAriWs auditor is aware,. aLd
. the dire¢(ors have tsken all steps that they ought to have tsken as director5 to the[t￿ly&s &ware of ally relevant audii
inforniatitsn alld to establish that tb¢ chaTitys auditor is aware of that Infor￿atLo￿L
AUDrroRS
The Auditor& Prentis & Co LLP, will be proposed forre-appoinlment in accord9nce with Sedion 485 of the COmE￿)Ic$ Act
2006.
This repor¢ which has beell prq￿ared accord8llce with the special provisions relating to conW￿lleS subject to the s￿￿11
¢ompanie5 within Part 15 of the Coll]pa￿eS 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 ReS￿￿h 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¢CO￿nting Stap.dards, Incl￿dIng fingnoial Report:ng Stand.aTds 102,. The Financial R-porting StaDdard applicable
in the UK and Llepublic of treland (Unl￿d 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 fi￿lLer 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 s￿eTnCllts 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 f￿a￿.￿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 Info￿natIOn. 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 ma￿rIal 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 aCCorda￿ce 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 a￿Coun..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 Dir￿LOr%, 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 REsPONsIB￿lTIEs 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 a￿ordance 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 a0￿Batt, thcy Could reasonably be expected to influence Ihe econoThic d￿lsionS 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
pelf0m￿nce 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 de5￿gned 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 IND￿pENDENT 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 trai￿CtionS are rcviewed. This means the."e is a risk we will not detect a'.1 Irregul￿711¢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[n￿liCa[-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 Ch￿1[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

m¢

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: O￿ounts falling ¢kn
thi￿ oue year
12,620
6.690
Net Curtenl Assets
213.713
90,991
93,335
NET ASSErs
215,656
Ut￿estricted 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 pro1￿1¢)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 prep￿ed 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[￿l￿g 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 &C￿unting policy notes. Th¢ f]npncial statements stated in strrling which is the fvnctional Qu￿on¢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￿'I￿b[e projects iKing njll by the Chai'ity- It is
recognised wh¢rL it is In￿￿1.
(d) V ALUE ADDED TAX
Expenditure includ¢s VAT where appropriate.
{e) TANGIBLE FIXED ASSEfs AND DEPRECIATION
'I'angible f￿ed 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 use￿1 life as follow5-
Officc equipment
. over 4 ye￿5
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
unrestrlc￿d
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 Ttt￿t
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- cU￿￿t Year
un￿StrICted 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
U￿r￿[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 b￿l￿eSSeS 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 £4iX￿o.
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
Fitti￿g5
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
I￿￿￿e
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 Tn￿t
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'. Transformi￿g 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
na￿atIve.
Lankelly Chase Foundation.. Support th¢ Building Nantive power training course.
L￿keLlY 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