PUBLIF INFEREST RESEARCH CENfRE LIMtTET)
FINANCL4L STATEMENfs FOR THE YEAR ENDED 31ST DECEMBER 2024
CONfENfs AND COMPANY tNFORMAIION
CON￿s..
PAGE
Directors, Report
Auditors, report
Statement of Financial Activities
BaI8n¢e Sheet
Statement of Cash FICPWE
Notes to the Financial Statements
10-15
DIRECTORS..
E Andrews
RLuff
T Hyatt
N Ak¢hurst
C Magee
L McKay
D Hebron (apwinted 6th March 2024 resiglled 2nd April 2025)
SECREfARY:
A ja￿ett
REGISTERED OFFICE..
YPl&s
Ma¢hJnlleth
Powys
SY20 8ER
REGISTIL4TION NLTrIBER.. 1112242
CHARrfY NUMBER..
260446
The Co-operattve BaDk
PO Box 200
Delf House
Southway
SkelmeTS￿e
WN8 6GH
Triodos Bank UK Ltd
Bristol
BSI SAS
AUDrroRS..
Prentis & Co tLP
Chartered Accounthnts
& StatuioryAllditors
115¢ Mllton Road
Cambridge
CB4 IXE

PUBLIC INTBRESI" RESEARCH CENTRE LIMITED
PAGE I
FINANCIAL STATE￿￿￿Ts FOR THE YEAR ENDED 31ST DECEMBER 2024
REPORT OF THE DIRECTORS
Th¢ directors present their report and the fin8n¢ia] statements for the year ended 3Est Detember 2024.
The financial statements comply with the Ch3n'tie5 Act 2011, the Cornpanies Act 2006: the Melllofdndum and Articles of
Associatioll, and Afjcounting aThd Reporting by Charities: Statement of Recommended Practice applicable to d￿ritieS preparing
their accounts in accordance witb the Financia] R¢portiDg SwLdard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1st J8nuary 2019).
STRUCTURE. GOVERNANCE AND MANAGEMENr
The Charity is constituted as a company limited bv guar&ntee, and is therefore governed by a Memornttdum and Arti¢l¢$
of AssoLi&lion. li is registEred a5 t charity with the Charity Commission. tn the event of the comp8ny being wound up
the liability of the ￿e[rnbers is Limited io £1. On 28th February 2020 the Articles of Aswciation were updated to britLg thern into
line with the Companie5 Act 2006 alld allow for rernO￿ ]neetin85.
APPOINTMBNf OF DtREcfoRS
The Board of Directors h&s the power to appoiut addt¢ional members.
DIRECTORS TRAINING
Direcitsrs of the ¢h8rity keep th¢ir knowledge of the cbarity sector up to date as necessary. The company 5¢cretary
briefs them at regular lntrrv￿S on activity.
tn the event of new directors being adtnitted th¢ ¢hortty, th¢ directors would ensure that they had a suitable induction PTOBeg5.
ORGANISATION
I'he Charity is organised so thai the dirEctor5 rnEet when required (curr¢ntty on a quarterly basis) to oversee ihe adminiStr￿10n
of the Charity. The objects are attained with the services of six part time project staff and r¢scarch¢rs who utili5e the funds &
needed to carrv out planned rese￿Ch. There have been no changes ID the w)licies adopted to achieve the charirable objediveÈ
during the year.
RISK
The directors keep the areas of risk ￿der re￿)eW artd it is on the agenda for their meelings.
OBJECTS AND AcfIviTIES
The Charity's object is to research the organisation and a¢tivity' of governmenL industy, business, trade, the professi(ms and
lh¢ services and to ass¢ss their impact on the environment and life of the eommunits and to make the result of 5u¢h research
available to and for the bEELefit of the public. Its polici¢s in crning out the objects remait) unchanged.
ACFllEVE.MENTS, PERFORMANCE FirruRE DEVELOPME.Nrs
In 2024 WE have continucd to support those wO￿lti8 on climate, s0¢ial, racial and e￿n0￿1¢ justice to research and Strciwhen
the slories ihat unite us. Thi5 year we continued wÈth our new cross-issue movemenl-building narrative strategy.
Strategy
Building our liarratiye Power: In 2024 we ran the r￿st iteralion of Building Our NaTrative Power (BONP), a year-lollui cross-
issue leadership development and res6arGh prograrnme for 16 conunUnicato￿ with jived experieD¢¢ of the issues thcy are
working on.
Throughout 2024, via two week long residentials dnd oll]ine seminars, M'e deli%'ered ivorkshops Co￿er]ng namtiv¢ mappin
audi¢nce ih¢ory & strnt¢gy, me&saging basics. narrative Strategy creatiOTJ including research & practical applications, and
how to engage with audiences outside of on¢'s regular supporter b￿. In collaboration strategic narrntive eyperts at
Frameworks Institute. we IcKbked itito s(Kietal beliefs and ]nindsets.
The progrdmme continues into 2025 with mentoring a[￿ supw¢ for the participants as they apply the knowledge in tl)cir own
Demoeratislng Narrative Trdining: We began work on the first one-stoFshDP resourc£ library of narrative and fTaming
resources in the UK and created and ran two na￿alIve change online COUTS¢&
Online tr2ining: We published and prepared a new iDtuaction of our online course. Getting Started with NaTrative ChJn¥e on a
new education platfonn. The eourse will run in early 2025.

PUBLIC IKfEREST RESEARCH CENniE tJMtTED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2024
REPORT OF fHE DIRECTORS CONr..........
Evalustion & Le#rning: Work continued with external consu1thll￿ Liyewl World Centre, who were present throughout
the 2024 Building our NaThatiYe Power program. They will reEx)rt in early 2025 and we will integrate their f￿dingS into the next
$tsge of our $trat¢gy.
PartR¢rship Development CoThmuDity
We integrate ]Le£work building into all of our programme5.
We continued to work with Joseph Rowntree Finthd￿l0￿'& (JRF) Narrative Power prwamme. The programme connected us
more closely witii narrdtive organisations in the UK including Heard: Intet-liaTTatives, Common Cause. New Economy
Found&tion and Radcomms. We are working to advocate for a bolder ft>rni of chang¢, creating a collective narrative about
narrativc work. building narrati￿￿ change infrastrncbjre, and influencing ￿nderS to take a ￿dicallY different approach to funding
narrative work A new fund from JRF is platjned to be launched in 2025 drnmryng on this work.
Projects and Workshops
Fr8ttLing Moderll Slavery: A large framing projecL in collaboration with The British Institute of International and Compar&tive
Law, researching the narrdtiyes around Modern SkvEry. begall in O£tob¢r 2023 aud continu¢d into 2024 with th¢ publi¢alion
of the filkal report in June 2024.
Starr Ch&nges: W¢ appoitLted a new fundraiser in Seplember2024.
FINANCIAL RBVIEW
During the y¢ar expendithre ex¢¢¢d¢d income by £67,045. prior year income exceeded expenditure by £122,321.
RESERVES
The directors ty to ensure thatihe Chatity h&$ sufficient casb r&8erves to me¢tthr¢e months nwning ¢osts, a$ funding is
gencrally prO￿ded quarterly.
DIRECTORS
All thre(ior5 of tbE charitable cotDpany are also Tru*e¢s of th¢ Charity. and theTe are no other Trustees. Ml of the Trustees
namcd below served throughout th¢ year except as shown below. ThE Board kn powtr to appoint additional'lru5tee5 as it
considers fit to do
S Zlotowitx (re8igned 6th March 2024
E Andrews
E Baker (reSi￿ed 13th June 2024)
J Beswi¢k (resigned 13th Jun¢ 2024) N Akehurst
RLuff
C Magee
T Hyatt
L McKay (appointed 6th March 2024)
D Hebron (appointed 6th March 2024 and
resigned 2nd April 20251
KEY PERSONNEL AND PAY POLICY
The directors consider the Bo￿￿ of Directors &8 comprising the k¢y manag¢nJent personnel of Charity in charge of directing
and controllillg the Charity and n￿lling and operating the CtrLarity on a day to d&y basis. All directors give their time freely.
POTENTIAL IMPACT OF LEAVING THE EUROPEAN UNION
'rhe dirECtors have considered tbe impact of leaving the European Union and have concluded that the evcnl has not signifi¢antly
it[Lp￿ted ihe Charity's activities.
STATEME,Nr OF DIRECTORS, RESPONSIBILITIES
The dll'ectors are responsible for pr6paritLg flljancial st&t¢rn¢nts in accordance with applicable law and United Kingdoin
Generally A￿¢pted A￿OUnting Practice.
Company and Charity law reqllire the directors to prepare financiyl statements for each fmancial vear which give a true and
fair view of the State of affairs of the Charity as at the balance sheei date olits incoming reSOUTces and application of
resources, including income and expenditUTe, for tbe year thcn ended.
In preparing those financial 5trateTn¢nts the dircctors are requittd to:
- select suitable accounting policies and then apply theTn consisteTrtty
observe the methods and principl¢s of the CharLUes SORP
- make judgcments And estitnates that are r￿onable and prudent
- state whether applicable accouniing slandards have been followe( subject to any material depattures disclogcd and expl&illed
in the finan¢i81 stat¢m¢nts

PIJHLfc IN'I-l.-RS.'%'l RI..&F.-ARC.11 CI.-N-I RI.- IJfvIII'I'.D
PIIOL 3
I.'INANCIAI. SI A TfMI-.Nl'.% ri)R Tiif. YLAII l-:NW)r.¥) 118T I)I.:CI-.NII)I."R 2024
Rf.poRI- OF 'n IF. DIRl•.C'TORS CONI"...
pr¢parc IhL' linJn¢i.I1 sialc1l*￿111ts thr goins coo£¢rn bts51> il is ioappfopriale lo as511m¢ tlic ClwrilK. Ivill conilnu¢
Tbc ilire¢ii)rs iirc responsiblc for IMiD14t1￿1￿￿ Proper 41c¢IMfftilng recofds i&liicli d15¢10.¢¢ i%iili rca%onoble Jccuracy il an), iimt
Illi% li1￿￿4a1 p05ilion ofili¢ ¢haiiiablc eompo#}' and 10 coJbl¢ Ihem io cftsur¥ ihii I Ilie finJii¢lal siai¢m¢ryts cornply iviih Ihe
Lottipi1nlo$ 4Ici >IK16, Lknrities Ati 2011 and Itie Cbariiyl.ILThwMS and Ilcportsl K¥yii111ions.
1th¢y2r¢ also rcspofLsibl¢ foT sJfisvJrding t1￿ Hss¢Lsofihc Chdriiy dlld he￿¢ fili iakrng r¢asnnable 51CPS forthc Pi¥¥¢nlion
dese￿[1011 of fraud Nn(l tsilKr irr¢&u14riTi&8.
'1'1io direciiJi$ iiio(fic¢ 31 ihedaie Ilic R¢porf ts Trppm&¢d confirni thai.-
$LT LYB5 ¢aEh dircuw 15 nwJr¢. thcrr r* rel￿0￿1 a￿di1 ithfoln￿1ÈOrb of ￿l1¥h tht tIMT1¢￿$ aydtlor is iivarc.. Jnd
th¢ d￿ro(lo15 iak-cii all 4cp.E Ilh)t ihcy viight to a* dir¢ciotÉ 10 inJk¢ IliLmK.IL'¢% &Wii¥f of tjny r¥kvonl aiidil
Snformoiinn and M esitrblish Iliii E iht ch3riiy's Jwdiior isJwJw ofilot infurniaiioiJ_
AIIDITORS
TIK. A￿￿1¢4[$. PrcNis & Ca LLI,, will ￿ prop05id fw r¢.appbrmimeDi ￿ Krordancc 14iili S¢¢iiun 485 vfihc C.ompJr¢i¢s Aci
2006.
Tliisrwn, Ii.u b¢cn prepnicd in attordaHC¢ willi thc S￿￿?1￿0￿"￿$1L￿S ￿1￿11￿& ID ¢orrAParti¢s *ibS¢¢1 lo ihc Jmpll
ompanic% resimcii'iihio Part 15 ofihe C.omp)ni¢s Ad 2￿fi. li ￿a$ awr0%.L￿ b) tht LLI 091 £02S
5i8IIL(l oli ils b¥'liiir
DIRI-:L I-OR

PUBLIC INTEREST RESEARCH CENfRE LIN(rrED
PAGE 4
FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST DECEMBER 2024
REPORT OF THE tNDEPENDEwf AUDITORS TO THE MEMBERS OF PUBLtC INfEREST RESEARCH CETrrrRE
LIMTTED
We have audited the fll]ancial statements of Public Inter&8t Research Centre limited for tbe Y￿ etthl 31 Dec£mber 2024
which Comprise the Statenkent of Fironcial Activiiies. the Balan¢e SheeL Statemenr of Cash Flows, the related notes on
pageg 10 to 15. The fillancial reporting framewot* thatlms been applied in their pN)ardtitsn is applicable law and United
Kingdoru A¢¢oullting Standards, including Filla￿la1 R¢poniryg Swid8Jds 102: The Financial Reporting Standard appLicable
in the UK and Republic of trelalld {Unit¢d Kingdom Gelleralls Accepted Accollntitig Prnetict), &8 applicable to finan¢iaL
8talernents prepared in accordallce the sD]all cortwi4s regime of the Companies Act 2006.
OPNON
In out opittion the ftnancial 5tRtements.'
give a trnc and fair vicw of the state of the cbaritable compattls affairs as at 31 D￿ernber 2024 and of its in¢oming
resources application of resourees, includthg its itLCOttte and expendiwre for the year then ended.
have been proper1Yprepa￿d in accord￿ with United Kingdom Generally Accepted A¢countJng Prnctice. and
have been prep2red iti aeeordauee with tlke wir¢meuts of the Companies Act 2006.
BASIS OF OPINION
We c(mducted our audit in accordance with Inter￿lon&1 Standards on Audi￿ IUK) OSAS (UK)) 8pplicthle law. Our
responsibilities und¢rtbo8e standards are fi]rtber dewibed ia the Audiwvs re6FX)llsLlilitie8 for the audit of the fu￿ncIaL
stateIEIEll¢s section of our report. We are Inde￿dent tsf thE charitable collylly in a￿OrdanCe wilb ¢thiul requirements that
are relevant to th¢ audtt of the financial ststemenrs in the LK iocludiog FRCS Ethical Standart and we have fulfilled our
ethical r6sponsibilities in aecordattce these requirements. We believe that the audit eVid￿Ce we have obuined is sufficient
and appropriate to provide 8 basis forour opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In audititig the financial ststements, we bavo coneluded that the dite¢toTr of the going ¢oncernbasi8 of a¢¢tsunting in the
preparation of the fjnall¢ial statellwlts is appropriate.
Based on ihe work we bave ￿rfornI¢d, we have nol identified arny nTrat¢rial ullcertainties ￿1&¢]￿8 to events or conditions
that, individually or Gollectiyely, IDay Gast sigutficant doubt on the charit&bl¢ ¢onJpany's ability to continue as a going ¢ouce
for a per(od of at least twelve months from the financial sta*ments att autknti8ed for issue.
Our reS￿nSIbIlItieS alld the respot]sibililies of the th"recloTS with respect to goiDg are described in tbe relevattt sections
of this rwrt.
(yrHER INFORMATION
Th¢ dire¢tors are reS￿￿91￿1t for tbe other infotinatioL The otb¢r iDfornJation¢ompris¢s the infornwtion iticlud¢d in the
Directors, Report other than the financial sthtements aj￿ ow Auditols trpon thuein. Ouropinioll on the financial statements
do￿ not wv¢r the other infonllarion except to th¢ ¢xwtt otherwi% explicitly stated in our reporL we do nol express any
forni of assurance conclusion thoron.
Ill collnectiorn with our audlt of thE fi1]a￿la1 statEmellts, oUrrEv￿￿1jity is lo [￿d the other infoIll￿ti0ll aDd, in doing so,
consider whetlw the other infornmtion is materially inconsisient with the financi￿ statements or out kttowledge obtained
ill tbe audit or otherwryse appears to be materially ￿t￿sta[ed. If w¢ identifysuch material iwonsistencies or appar¢ot ll]aterial
mis5tateJnents, we are required to deterniitte wthether there 18 a material mi55tatcmellÉ in thE fillallcial stat¢￿ents or
material ￿1￿¢￿tEMent of the other infoTtnatson. If, b8sed ¢in the have perfornied, we conclude that there is a
]atErial miss*attment of thts otber lllformati0￿ we atE required to report that facL
We have nothing to report in this regard.
OPINIONS ON OTHER fvL4TTERS PRESCRJBED BY THE COMPANtES Acr 2006
In our opinio4 b&8ed on the work undertaken in the COUEse of the audit".
tbe inforniation given in the Di￿t0[5, rep)rt foT the finanoiai year for whi¢h the financial ststements are prepared is consistellt
witb the finaneial 8tatements,' attd
. the Directors, rep)rt ha8 been prepared in accordance with applicable leyl requirett￿nts.

PUBLIC INTEREST RESEARCH CENfRE LI￿TED
PAGE 5
FINANCEAL STATENIEWtS FOR THE YEAR Ehl)ED 31ST DECEMBER 2024
REPORT OF TE￿ IXDEPENDENf AUDITORS TO THE MEMBERS OF PUBtJc IKtEREST RESEARCH CENtRE
LthllTED .... Continued
MATfERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEFfioN
In the light of th¢ knowledge alld understanding of th¢ ¢haritabk wrnpany a￿1 113 elli￿e￿I obtsined in the ¢OUTse of the
audit, we have not Adentified material n)isstatements in the Ditectots, ret
We have nothmg to report in respect of the following n]atters iti relation to vthieh the Compatiies A¢t 2006 requires us to
reF¥)rt io you if, iu our Opl￿orL
' adequate accounting recor(b ]]ave not been kept or rettwns adequa* for our audii have noi been received froln branches
notvisited by us; or
. the financial statcments are not in agreenKnt with the accounting records and rettrns. or
• certain disclosures of directors, rcmutterntion specified by law are not made" or
• we bave not obtsined all the infornThtion and explanations nece5w for tbe purposes of ovr audit. or
the director8 were not entided io prepare tbe fiuancial sta*rnents in aocordsnce with the small Companies regime and take
advantage of the sttull companies exemption inpreparin8 the Re￿rt ofth Direetors.
RESPONSIBILITtES OF THE DIREcfoRS
A8 explai]￿1 More fully the StaterneTht of Djrectors, RespoLsibilities statement set oul on page 3 the directord responsible
for the preparatiott of the finaJKial statements alld forbting satisfied that they give a true fair vi¢w, for suGh int¢tnal
control as they determine is necessarylo enable the preparation of fjjwicial ststements that are free from material mi8Statsmen(
ether due to fraud or error.
In preparitig the financial statements, the directors are r¢S￿￿81ble for a8￿1￿g the cbaritablc con1pan￿S ability to continue as a
goillg concern, disclosing, as applicoble, mallers related to going concern and using the going concenJ basis of accoullting unless
the dir¢Gtors either ititend to liquidate tbe clwitable eoD4)Any or to cew op¢rdtiOlJS. or hav¢ no r¢ali8tic alter￿LVe but to do so.
OUR RESPONSIBILtrIES FOR THE AUDtr OF THE NNLNCIAL STATEMEVts
Our objectives are lo obtain Teasonable about whether tbe fit￿￿.Ial statements as 8 Mthole are fite from ]np4terial
n)i8Stat¢Jn¢nÈ, whetheT due to fraud or error, and to issue all.4uditols rcport tbal includes our (Trpillio￿ Reascwble assurance
is a high level of &*wance, but it is t￿t a guarantee that am audit conducted in accordance with ISAS (UK) will alTh7ys detect
a material illi88tattment when it exists. Mi&8tstemEDts c8n arise from fraud or error and ar¢ Wnsid¢r￿ m&terial if, indiNidually
or in the ag￿gate, they could reasonably be expected to ￿￿uenCe the economiG decisioDS of users taken on the basis of
these financial statements.
A fiuiher description of Ourte4￿￿Lbl1itieS for the audit of tbe financial statements is locat￿ oll the Financial Reporting
Council's website aL' www.frc.org.uw2uditorsrewfjsibiiities. This d¢scription fornjs part oFour Auditoes worL
IDENTIFYING AND ASSESSING POTENTL4L IUSKS RELATED TO tRJiECJULARITIES
lttegularities, including frdU(L are iL8tallces of non<0mpl￿nCe with IANS alld regulations. The primary re4K>TJgibility for the
prevention and detection of irregularities Including fraud rests with both nwMgement amd those charged with
govemau¢¢ of th¢ charitable wmpany. W¢ design￿1 pro¢edtwes in lin¢ our r¢5pousibilities, outlined above, to detect
material ￿1￿[ate￿lettts IL respect of intgularities, illcludtllg frau& The &Ktent to which our pri>cedures 8se ￿pable of
detecting irregulan'ties, iwluding fraud is dctsiled ￿10￿.
We have ¢onsxdered the natt￿¢ of the iThduslry alld ￿tOr. control environnmiL laws and regulations aLd business
perfoTmanct of the ¢b&ritable cojnpany, illcluding its remuneration ￿tiCi&S. and r¢gulatioDs coNidercd in¢lude¢L but
were llot limited ttr, the Companies Act 20(J6, clwi.tics Aci 2011. Cknity SORP atd FRSIO2.
We have enquired with nlaE￿ge￿¢llt IZL regard5 to theiroTr%Tr a￿&S￿e￿t of the risks of irreguIarities, iucludillg fraud. We
also enquired of management and those chaoed with gOV￿ManCe as ￿ any ktM)wn instances of non-conylthllce or suspeGted
non-compliance with laMB aThl regulatsorL8.
We have obtained relevant documentation and repre￿ntatioEL9 in order to form an opinion on potential irregulariti&8,
including fraud.
We considered the opp)rtunities and irK¢ntives that may exist within the organisation for frau
Bfised on thi8 understanding. we de8igned sp￿lfi¢ audit procedu￿ to identify iLstances of nonwcomph.ance with law9 8md
regulations, in¢luding obtsining corrobordtive evId￿e &8 requirwL Exon]ples of prOc￿￿r¢S included reviewing large and
unusual transactions, reviewing large and unexpected variattces, reviewing journal entries and reviewillg legal cotrespond¢nee.

PUBLIC INTEREST RESEARCH CENFRE LINirrED
PAGE 6
FINANCIAL STATEPfvlENTS FOR THE YEARENDED 3 1ST DECEMBER 2024
REPORT OF THE INDEPENDENf AUDITORS TO THE MEh(BERS OF PUBLIC INfEREST BESEARCH CENfRE
LI￿[[rED .... Colltittued
There arc irdLerent limitations itl the &udÉt procethTres descnl)ed aboit. n()t least ￿ sampling 18 used under International
Auditmg Standards, therefore llot all transartiORL8 are TVVteTArd. This means there is a risk we will ￿>t deteet all I￿guLar[tieS
iucluding tIL986 leading to a llNt¢r.at mi5siaiement in the fitmociai statements or non-compliallce with regulations. The risk
of not deteciillg a material tnisstaiemettt due to fraud is aLoo higher tlwi the rith of not detecting one resulting from ¢rror, as
fraud may involve deliberate ¢oncea]ment by. for exaEDpl¢, forgery. collvsioJL OMI￿L0￿ or intetitional ]nisrepresentAtitin.
RelcYatEt iderttified laws attd regulations w¢re comnkunicared within the engagcmcnt so t1￿ rernained alert
throughout the audit for indiwations of fraud or t￿n-￿Du)llanC¢.
USE OF OUR REPORT
This report is tnade Solely to the clwitable compan￿8 menkn, as &b(yJy. aw)rdanc¢ with Chapter 3 Of Part 16 of tlLe
Companies Act 2006. Our audit wort( has been ullderraken 50 thai we migbt gtate to tbe Charitable compangs merrlbers those
matters we are required to state to th¢m in a Auditotrs ttport alld for no other purp08e. To tbe fullest extellt permitted by law,
we do not occept or assume ￿$pOlI81blIIty to anyon¢ other than the charithle ci)n]pangs DJewb¢rs as a body, for our audit
work for this repon, or for the Op1￿10￿$ we have fotrned.
NIGELPRENTtS FCA (SENIOR STATirroRY AUDrroR)
FOR Ob BEHAtF OF:
PREbrtIS & CO LLP
115c Miltoa Road
Cambrtdge
CB4 IXB
& STATufoRY AUDtroRS

fJ* f-
rryOO
mco

piiui.lr M-IiirsT RI-SEAIILII CI-NTRf= i.IhllTI--D
Pilcib. ¥
riNANCIAI. STATLmI:.m￿ I'.OR Tiif Y￿AR F.NDr.rJ Jis'r Dr.cthlllLR 2044
73AI.ANCE SIILLT
2024
ry023
r￿r.0 AssErs
,461
1,943
CURIiW Assrrs
Debior%
C&sh 41 boiik and in hand
Tot#1 Ciinroi Ats￿18
514
159.247
89.026
137 J07
159,761
!26, J33
I.IABILrriES
Cr¢diLors.- aniouni% fdllifiu duc
Ivithin year
12,620
Nci Ctsrreni Ass¢ts
147,150
213.713
NET ASSE13
148.61 I
215,656
'ri.IE FUNDS OF THC CEIARITY
Uitr¢sirieicd lrtunie thd5'
R¢s￿l¥led In¢onic fuTh£i%
98,611
501KIO
156.Sn4
39,052
215.656
12
1'0TAI. I-.UNDS
148.611
Tliis r¢pon, wliich h&4 btert p￿pU[ed aciord4n¢c ￿7th Ihe ¥pecial r¢lMung 10 wrnponies subjcei10 ￿1¢
cL)mponi¢s regim¥1 ￿rythIn Parl 15 of lh¢ Compaoivs A￿{ *OUfj. li approl'ed by the board ¢Jn Ill oi l
nd stgnvd on 11.1 behalr.
R LlJPI.-
DIRECI"OK
The noles oll pnge$ 10 10 15 fonn Wdn oftlwsc linoniial statemrn(s.

PUBUC IKfEREST RESEARCH CENfRE LtMrrED
PAGE 9
FINANCLIL STATEMEN13 FOR THE YEAR ENDED 31ST DECEMBER 2024
STATENtENf OF CASH FLOWS
2024
2023
Cash tlows from operadng actliqtles:
Net ¢ash provid¢d byl(wTrl by) operating activities
Cxsh flow8 from Investfng Acdvltfies:
Purch&se of property, plant at]d equipment
Net ¢4$h prO￿ded by knvesthg ¥d%ltles
13
22,826
70,155
1886)
1886)
{1.207)
{1.207)
ChAnge In ¢&sh cash equiv41ellts iu the reportlng perlod
Cash and cash equlvaleDts at the begintiillg of the reporting period
C8sh and cash ¢q￿Valents at the end of the reportlllg perlod
21,940
137,307
68,948
68,359
159247
137,307

PUBtJc INrEREST RESEAKCH CENlliE LlfvtrrED
PAGE 10
FINANCL4L STATFMENfs FOR THE YEAR ENDED 31ST DECEMBER2024
NOTBS TO THE FfNANCfAL STATEMwrs
ACCOLfNTING POLICIES
(a) BASIS OF PREPARATION
The financial giatements have been prep￿ed in accordallce witb Aecoulltitig and Rep)rting by Chan'ties..
Statrment of R¢¢0llJn￿ld¢d Prdctice applicable to chan'lies preparing their accounts in a￿ordanCe
the Financial Reportin8 Standard applicable I￿ the LX and Repub]iG of Ireland (FRS 102) (effeGtive l Jallu4ry
2019)- (Charities SORP (FRS 10?)), the Fijwicial RepoTLi￿ Stslldard applicable ill the UK
attd Repubh"c of treland (rn 102) 8lld tbe Act 2006.
Public Interest Research Centre Litllited meets the definition of a public bcnefit entity underFRS 102. Assets
and liabilities are initially recognised ai hisiorical cost or traLsaction ￿tlUe wlless othernryse sthted in the
relevant aceounting policy notes. The financial slatcments arc Stat￿ tn sterling which is thc fi￿tional currency
of the charity.
(b) INCON￿ RECOGNITION
Graots a￿1 donations are rttogDisd wbeo thue i8 entitlemenL
(¢) EXPENT)ITURE RECOGNITTON
Expenditure includes all costs directly incurred (Trn ch4ritsble prOj￿ts b¢iDg run by the ClJaLity. It '
(dl VALUE ADDED TAX
EKpendibr¢ includes VAT wheff appTopri8t¢.
(el TANGIBLE FtXED ASSETS AND DEPRECIATION
Tangil)le fixed assets ate staled at cost less depreciatio
Dq)reciatioll is prO￿ded oll all tallgible &wts ar ra￿ calculatsl to ￿TIte-off the Costs less ¢$tirnat¢d
residual value of each asset overits experied uscfid life as follows:
otrice equipEllCnt
. ov¢r 4 years
Compuier equipment
- over 4 year5
Fixthres and fittings
. ov¢r S years
{0 OPEIL4TING LEASES
Rents18 applicable to operating le&w wthere thltatttially all of th¢ b¢nefiÉ8 alld ri8k8 of 0￿erShip ietDain
with the l&wr, are charged agaiDSt profit as i￿￿red.
(g) FOREIGN CURRENCIES
Mon¢lary wet5 alld liabiliti£8 ill foreign cu￿¢ll¢le8 are translated inro sterliug aÉ the rates of ex¢hallge
ling at baLance sheri date. TraTWGtiOD5 in foreig￿ currencies are tra￿Slated into Sterlitig at Ibe rate
nding on the date of the traw¢tioJL Eschange differences are taken into acCo￿t in arriving at the n]ovement
offL￿.

PUBLIC INTEREST RESEARCH CENfRE LIMITED
PAGB 11
FINANCIAL STATEfvENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2024
NOTES TO TIIE FINANCIAL STATEME.NTS
GRANTS AND DONATIONS
- Current Year
Unrestricted Resiricted
2024
2024
Tol&l
2024
Grants received during the year
Jam Today
Josepb RoMTrtree Charitsble'frllst
Paul Hamlyn Foundation
EsmE Fxirbairn Foundation
Calouste Gulbenkn"an Foundation
Nebllla Fund
Lankeuv Chase Foundatio
15,000
50,485
35,000
68,500
15,000
50,485
35,000
68,500
20,000
53,123
30,000
20,000
53,123
30,000
222,1011
210
50,000
272,108
210
Donations r￿1Ved during the year
222,J18
50,000
272.318
u￿reStriCted Restricted
2023
Total
2023
- Prior Year
2023
Grants received during the year
Jam Today
Joseph Rowktree Charitable Trnst
Barrow Cadbury Trust
Paul JlaTnlyn foundation
Esme Fairbain) Foundation
Caloust¢ Gutbenkian FouDdation
LankElly Chit5E Fiouttdation
LankElly Chase Foundation- ￿mbr￿Ge th¢ Mess"
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
40,0(K>
254.834
78
117,450
372,284
78
DonatiOIIS received durrDg the ycar
254,912
117,450
372,362
INCOME FROM CHARI'fABLE AcrivrriES
UnTesirictsd Restrictrd
2024
2024
l.ot
2024
- Curr¢nt Year
Cgmmission¢d wgrk
Bvok 5&iles
Misc¢llanEOUS incomc
41,773
47
191
41.773
47
191
42.011
42,011
Unrestricled liestricted
2023
2023
Total
2023
- Prior Year
commi.ssioned work
Book sales
Miscellaneous irAcorne
17,549
(15)
179
17,549
(15)
179
17,713
17,713

PUBLIC tNTEREST RESEARCH CENTRE LIMITED
PAGE 12
FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST DECEMBER2024
NOTES TO THE FINANCIAL STATEMENTS
EXPENDITURE ON CHARITABLE
ACTIVITIES. Currwt Year
Unrestrict¢d R¢stri¢ted
2024
2024
Total
2024
Researcb salaries (note 6)
Research costs
CoTnputer support
TrdvelliDg expenses
T¢lephone
Office rent alld utiliti¢s
Stationery. offic£ supplies alldprinting
155.719
86288
4,307
9,916
802
8.331
44,052
15,000
199,771
101.288
4,307
9,916
802
8,331
F I'l
1,556
4,934
110
334
92
23.707
1,368
21.125
483
1,556
4,934
iio
334
92
23,707
1,368
21,125
483
Subsistence and hospitslity
Po%tage
Book%, subscriptions etc.
Bank charges
Miscellaneous expenses
Deprexiat]on
Seminar costs
Training
319.072
59,052
378,124
GOVERNANCE COSTS
Auditors remuneration
5,331
5.331
324,403
59,052
383,455
EXPENTITURE ON CHARll'ABLE
ACTIVITIES- Prior Year
Unrestricted Restricted
2023
2023
Totxl
2023
Research salari&s (note 6)
riesearch costs
Computer supwTrrt
TraVel￿ng ewns¢S
Telcphone
OtTice rent and utilities
Stationery, office supplies and printn)g
Subsistence and hospitalsty
Postsge
Books, subscription5 etc.
Bank charges
MiscellanEous expenses
Depreciation
S¢minar Costs
Training
132,963
26,526
2,883
11,030
729
7,623
43,461
25,000
176,424
51,526
2,883
11,030
7,623
284
1,464
79
257
246
2,467
1,60
1,993
4,771
1,464
79
257
246
2.467
1,608
1.993
4.771
194,923
68,461
263,384
GOVERNANCE COSTS
Auditors r¢muneration
4,951
4,951
199,874
68,461
268,335
NFf INCOME FOR THE YEAR
The net income for the year is Stated after chargin
Depreciation oftangible fixed &ss¢ts owned by the Ch￿lty
Audit fee
2024
2023
1,368
5.331
1,608
4,951
MANAGEME,NT THREAT IN RELATION TO NON-AUDIT SERVICES
In conmnon with many other businosscs of our size and natu￿ w¢ use our auditors to prq)are and subinit
rcturns to the authorities and 4lSSiSt with the preparation ofthe fllthDcial slatem¢nts.

PUBLIC INTEREST RESEARCH CENI"RE LtMITED
PAGE 13
FINANCIAL sTATEfv￿NTS foR THE, YEAR ENDED 3 1ST DECEMBER 2024
NOTES TO THB FINANCIAL sTATE￿￿NTs
STAFF COSTS
No remwjeration wa% paid to directi)rs th]rffing the year.
Therts were no amounts paid to directors for reimbursement of exp¢nses Iwithin the year (2023.. £Nil).
2024
2023
Salaries
Social sccurity and pension costs
182,447
17,324
163,019
13,405
l99,771
176,424
The average week]y nuM￿r of staff employed by the Charity duri]Jg th¢ year wa5..
2024
2023
Direct clwitable worfcers
The key managemertt ￿rSonnel of thc clwitable cornpany comprise the Trnstces.
No employee received remuneration of more than £60,000.
TANGIBLE FIXED ASSE'rs
Cu￿ent Year
Fixture5
Office
Computer
Equiprnent Equiprllent Fittillgs
Total
COST
BalaI￿re at 1.1.24
Addiiions
8,981
13,367
886
3.698
26,046
886
Balance at 3 1.12.24
8,981
14,253
3,698
26,932
DEPRLCIA'I'ION
Balance ai 1.1.24
Charge for the year
Balance at 31.1224
8,687
98
11,718
1,270
3.698
24,103
1,368
,785
12,988
3,698
25,471
NETBOOK VALUE at 31.12.24
196
1,265
1.461
Fixture$
- Prior Year
Office Computer
EqUip￿ent EquipmeDt
Fittings
Total
Balance at 1.1.23
Additions
12,552
815
3,698
24,839
1,207
392
BalaD¢e at 31.12.23
8,981
l3,367
3,698
26,046
DEPRECIA'fioN
Balance at 1.1.23
Cbarge for the year
Bal{￿ce ￿ 31.12.23
8,443
244
10,354
1,364
3,698
22,495
1,608
8.687
11,718
3,698
24,103
NE.TBOOK VALUE at 31.l2.23
294
1.649
1,943
DIBTOIiS
2024
2023
Due wittLin
one year
Due within
one year
Trade debto]8
Prepayments
Other debtors
249
1,875
86,902
514
5l4
89,026

PL￿LIc INTEREST RESEARCH CENTKE LIMfTED
PAGE 14
FINANCIAL STATEI(ENfs FOR TEtE YEAR ENDED 31ST DECEMBER 2024
NOTES TO THE FINANCIAL sTATE￿[W[s
CREDrroRS
2024
2023
Due wrythin DUE within
one year
one year
Trad¢ creditors
Taxation and ￿)cIal swurity
4292
1,129
4,106
3,084
3,96l
3,780
3,249
1.630
Other creditors
12.611
12,620
io.
SHARE CAprrAL
Th¢ cotllpany is limited by guarallree and does JKJt have ally 8h&e capital. Thc liability of the M¢th¢FS is
]imi*d to £1 each in tbe e￿tllt of the coM￿Y being w¢)￿￿ up.
MOVEMENfs OF FUNDS
. Current Year
2024
2024
2024
Tcptal
Unrestrict£d REstricted
Balances brought fonlwd at 1.124
InGorne
Expendittwe
Baiattce8 carried fort*7rd at 31.12.24
156,604
59,052
266,410
50.000
(324,403} (59,052)
98,611
50,0(MI
215,656
316,410
(383,455)
148.611
2023
2023
Unrestrictrd ReEtri¢ted
2023
Total
- Prior Year
Balances brought fOn￿d at 1.1.23
ome
ExpEndi
Baiallces carrted fonvard at 31.12.23
83,272
273206
(199.874)
156,604
10,063
117,450
(68,461)
59,052
93,335
390,656
(268,335}
215,656
12.
RES￿CrED FUNDS
Fullds
bn)ught
forward at
1.1.24
Funds
arri¢d
forward at
31.12.24
- Current Year
Grants
Received FxpelldibJre
Calouste Gulbenkian Foundation
IaT&¢lly Chase Foundation
Lankelly Chase Foundation."Embrace the Mess.
20.375
23,677
15,000
20,(MO
30.(X)O
{20,375)
{23,677)
(15,000)
(59,052)
20,000
30.00
59,052
50.000
50,000
Funds
bmught
fonvard at
Gr￿ts
1.1.23 kneived Expenditure
- Priory
carried
fonvard at
31.12.23
Barrow Cadbury Tnast
Network for Social ClTrange
Caloust6 Gulbellkiall Foultdation
LaDkelly Chase Foundatio
LaDkelly Chase Fouthtioo-'Faibrace the
7,J107
2.656
17,450
124,8571
{2,6561
(9,625)
(6,323)
(25,000)
(68.461)
30.000
30,000
40,000
20,375
23,677
15,000
10,063
117,450
59,052

PUBLIC fNTEREST RESEARCH CENfRE tIMrrED
PAGE 15
FINANCLIL STAIEhlEKfs FOR THE YEAR ENDED 31ST DECEMBER 2024
NOTES TO THE FINANCIAL STATEMEN13
12.
(c(pntitJued}
Cal0￿te Guibellkiatt Foutthtion: Diyetsify, delllo￿tr. alld dwen civil societys WO￿ on story, framing and
arratiir.
tAnkelly Clwe Fow￿llon. Support tbe Building Nan*ive power training ¢ourse.
tathlly Cl]a8e Found&iioll- the Me&8": Pilot comt]Lurrity organising course.
13.
RECONCIUATION OF NET MOVEMENf IN FUNDS TO NEf CASH FLOW FROM OPEIL4TING
ACTIVITTES
2024
2023
Net ￿￿V¢￿ellt in fimds
Add back depreciation
De¢re￿¢(In￿8e} ill dobtorg
tncreasel(decrea8e) in crediiors
Nei cash provide(L'(wed by) by operating aclivitiS5
(67,045)
1,368
88.512
{9)
22,826
122.321
1,608
(59,704)
5.930
70,155