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|||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||
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||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||
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||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|
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|||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|
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|||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|
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||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|
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|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|
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||||||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|
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|2021|2020|
|---|---|
||137|
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||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||
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|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|
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||||||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|
##
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||||||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.||||
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|||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|