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2021-09-30-accounts

Page
Report ofthe Trustees 1 to 4
Report ofthe Independent
Auditors		 5 to 8
Statement ofFinancial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 19
Detailed Statement ofFinancial Activities 20

THE INSTITUTE FOR POLICY RESEARCH
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30SEPTEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Registered
Charity number
285143
Principal
address
Apt 38Charleston Court
61 West CliffRoad
Broadstairs
Kent
CT10 1RY
Trustees
SWebley Chairman
EJLKoops
Miss JM Nicholson
A Speaight QC
Auditors
Spurling
Cannon
Statutory
Auditors
424 Margate Road
Westwood
Ramsgate
Kent
CT126SJ
NatWest Bank PLC
77 High Street
Godalming
Surrey
GU7 IAR
Honorary
Secretary/Treasurer
P ROrbell-Jones

FORTHE YEAR EN DED 30SEPTE MBER 2021
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes g
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 221,400 221,400 314,876
Investmentincome 58 5$ 2,618
Total 221,458 221,458 317,494
EXPENDITURE ON
Charitable
activities
Grant related support costs 17,198 17,19$ 14,$42
Research projects 142,590 142,590 224,500
Conferences,
seminars		 and publications 25,000
Total 159,788 159,7$8 264,342
NET INCOME 61,670 61,670 53,152
RECONCILIATION OFFUNDS
Total funds brought forward 454&204 454,204 401,052
TOTAL FUNDS CARRIED FORWARD 515,874 515,874 454,204

2021 2020
Notes
CURRENT ASSETS
Debtors 49,091
Cash at bank 473,723 457,389
522,814 457,389
CREDITORS
Amounts
falling due within one year		 10 (6,940) (3,185)
NET CURRENT ASSETS 515,874 454,204
TOTAL ASSETSLESSCURRENT
LIABILITIES 515,874 454,204
NET ASSETS 515,874 454,204
FUNDS 12
Unrestricted
funds		 515,874 454,204
TOTAL FUNDS 515,874 454,204

FOR TH E YEARENDED 30SEPTEMBER2021
2021 2020
Notes
Cash flows from operating activities
Cash generated
from operations		 16,276 50,789
Net cash provided by operating activities 16,276 50,789
Cash flows from investing activities
Interest received 58 2,618
Net cash provided by investing activities 58 2,618
Change in cash and cash equivalents in
the reporting
period		 16,334 53,407
Cash and cash equivalents at the
beginning ofthe reporting period 457)389 403,982
Cash and cash equivalents at the end of
the reporting
period		 473,723 457,389

RECONCILIATION RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2021 2020f
Net income for the reporting period (as per the Statement ofFinancial
Activities) 61,670 53,152
Adjustments
for:
Interest received (58) (2,618)
(Increase)/decrease in debtors (49,091) 100
Increase in creditors 3,755 155
Net cash provided by operations 16,276 50,789
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/10/20 Cash flow At 30/9/21
Net cash
Cash at bank 457,389 16,334 473,723
457,389 16,334 473,723
Total 457,389 16,334 473,723

2. DONATIONS
AND L		 EGACIES
2021 2020
Donations 220,100 3l4,826
Gift aid 1,300 50
221,400 3(4,876
3. INVESTMENT INCOME
2021 2020
Deposit account interest 58 2,618
4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
6 8
Grant related support costs 2)250 14,948 17,198
Research projects 142,590 142,590
2,250 142,590 14,948 159,788
5. GRANTS PAYABLE
2021 2020
Research projects 142,590 224,500
Conferences,
seminars		 and publications 25,000
142,590 249,500
The total grants paid to institutions during the year was as follows:
2021 2020
Centre for Policy Studies 20,000 50,000
Open Europe 40,000
Politeia 15,000 40,000
The Bruges Group 1,000 2,000
Tax Payers' Alliance 104,500 117,500
Manifesto Club 2,090
142,590 249,500

Governance
costs
Grant related support costs 14,948
Support costs, included in the above, are as follows:
Governance costs
2021 2020
Grant
related
sllpport Total
cost's activities
8
Trustees' meeting expenses 137
Auditors'
remuneration		 3,336 4,450
Legal and professional fees 3&600
Subscriptions 278 243
Travel expenses 83 111
Consultancy fees 6,750 6,750
Trustees indemnity insurance 901 901
]4,948 12,592

2021 2020
137

FORTHE YEAR ENDED 30SEPTEM FORTHE YEAR ENDED 30SEPTEM BER2021
COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 314,876 314,876
Investment
income		 2,618 2,618
Total 317,494 317,494
EXPENDITURE ON
Charitable
activities
Grant related support costs 14,842 14,842
Research projects 224,500 224,500
Conferences,
seminars		 and publications 25,000 25,000
Total 264,342 264,342
NET INCOME 53,152 53,152
RECONCILIATION OFFUNDS
Total funds brought forward 401,052 401,052
TOTAL FUNDS CARRIED FORWARD 454,204 454,204
9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Other debtors 49,091

10. CREDITO RS: A MOU NTS FA LLING DU E WITHIN ONK YEAR
2021 2020
8
Other creditors 6,940 3,185
11. ANALYSIS OF NKT ASSETSBETWEEN FUNDS
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Current assets 522,814 522,814 457,389
Current
liabilities		 (6,940) (6,940) (3,185)
515,874 515,874 454,204
12. MOVEMENT IN FUNDS
Net Transfers
At movement between At
I/10/20 in funds funds 30/9/21
Unrestricted
funds
General fund 240)892 41,620 (16,000) 266,512
Designated - Centre for Policy Studies 80,131 995 81,126
Designated - The Bruge Group (1,000) 1,000
estgna
'e		 — ax ayers . rance 68,236
Designated - Politeia (15,000) 15,000
Designated - Manifesto Club 2&090 (2,090)
454,204 61,670 515,874
TOTAL FUNDS 454,204 61,670 515,874
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 58,818 (17,198) 41,620
Designated —Centre for Policy Studies 20,995 (20,000) 995
Designated - The Bruge Group (1,000) (1,000)
Designated —Tax Payers' Alliance 141,645 (104,500) 37,145
Designated -Politeia (15,000) (15,000)
Designated —Manifesto
Club		 (2,090) (2,090)
221,458 (159,788) 61,670
TOTAL FUNDS 221,458 (1591788) 61,670

Net Transfers
At movement between At
1/10/19 in funds funds 30/9/20
Unrestricted funds
General
fund		 108,637 124,755 7,500 240,892
Designated - Centre for Policy Studies 89,281 (9,150) 80,131
Designated —Open Europe 47,500 (40,000) (7,500)
Designated —Tax Payers' Alliance 153,734 (22,643) 131,091
Designated - Politeia 1,900 (1,900)
Designated —Manifesto Club 2,090 2,090
401,052 53,152 454,204
TOTAL FUNDS 401,052 53,152 454,204
Incoming Resources Movement
resources expended in funds
f.
General fund 139,597 (14,842) 124,755
Designated - Centre for Policy Studies 40,850 (50,000) (9,150)
Designated - Open Europe (40,000) (40,000)
Designated - The Bruge Group 2,000 (2,000)
Designated - Tax Payers' Alliance 94,857 (117,500) (22,643)
Designated —Politeia 38,100 (40,000) (1,900)
Designated —Manifesto Club 2,090 2,090
317,494 (264,342) 53,152
TOTAL FUNDS 317,494 (264,342) 53,152
A current year 12months and prior year 12months combined position is as follows:
Net Transfers
At movement between At
1/10/19 in funds funds 30/9/21
f
Unrestricted
funds
General fund 108,637 166,375 (8,500) 266,512
Designated - Centre for Policy Studies 89,281 (8,155) 81,126
Designated - Open Europe 47,500 (40,000) (7,500)
Designated - The Bruge Group (1,000) 1,000
Designated -Tax Payers' Alliance 153,734 14,502 168,236
Designated - Politeia 1,900 (16,900) 15,000
401,052 114,822 515,874
TOTALFUNDS 401,052 114,822 515,874

Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 198,415 (32,040) 166,375
Designated —Centre for Policy Studies 61,845 (70,000) (8,155)
Designated - Open Europe (40,000) (40,000)
Designated - The Bruge Group 2,000 (3,000) (1,000)
Designated - Tax Payers' Alliance 236,502 (222,000) 14,502
Designated —Politeia 38,100 (55,000) (16,900)
Designated - Manifesto Club 2,090 (2,090)
538,952 (424,130) 114,822
TOTAL FUNDS 538,952 (424,130) 114,822
Purposes of unrestricted
funds
Designated funds
Designated funds are created by the trustees to enable the trust to function
by		 meeting
obligations		 in respect of
staff costs or similar, compliance and grant service provision.

FORTHE YEAR ENDED 3 0SEPTEMBER2021
2021 2020
f.
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 220,100 314,826
Gig aid 1,300 50
221,400 314,876
Investment
income
Deposit account interest 5$ 2,618
Total incoming
resources		 221,458 317,494
EXPENDITURE
Charitable
activities
Consultancy
fees		 2,250 2,250
Grants to institutions for projects 142,590 249,500
144,840 251,750
Support costs
Trustees' meeting expenses 137
Auditors'
remuneration		 3,336 4,450
Legal and professional fees 3,600
Subscriptions 278 243
Travel expenses 83 111
Consultancy
fees		 6,750 6,750
Trustees indemnity insurance 901 901
14,948 12,592
Total resources expended 159,7$8 264,342
Net income 61,670 53,152