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|---|---|---|---|
|Report ofthe Trustees|I|to|3|
|Report ofthe Independent
Auditors|4|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes tothe Cash Flow Statement||||
|Notes tothe Financial Statements|12|to|18|
|Detailed Statement ofFinancial Activities||19||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|fuads|funds|
||||Notes|||8||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2|200,996||200,996|221,400|
|Investment|income||3|2,481||2,481|58|
|Total||||203,477||203,477|221,458|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Grant related support costs|||||||17,198|
|Research projects||||201,343||201443|142,590|
|Total||||201443||201&343|159,788|
|NET INCOME||||2&134||2,134|61,670|
|RECONCILIATION||OF FUNDS||||||
|Total funds|brought forward|||515,874||515,874|454,204|
|TOTAL FUNDS CARRIED FORWARD||||518,008||518,008|515,874|
##
|||BALANCESHEET
30SEPTEMBER2022|||
|---|---|---|---|---|
||||2022|2021|
|||Notes||8|
|CURRENT ASSETS|||||
|Debtors||||49,091|
|Cash atbank|||521,548|473,723|
||||521,548|522,814|
|CREDITORS|||||
|Amounts
falling due within|one year||(3440)|(6,940)|
|NET CURRENT ASSETS|||518,008|515,874|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||518,008|515,874|
|NET ASSETS|||518,008|515,874|
|FUNDS||12|||
|Unrestricted
funds|||51gr008|515,874|
|TOTAL FUNDS|||818,008|515,874|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Notes|||
|Cash flows from|operating|activities||||||
|Cash generated
fi|om operations|||||45444|16,276|
|Net cash pmvided|by operating||activities|||45444|16,276|
|Cash ilows from|investing|activities||||||
|Interest received||||||2,481||
|Net cash provided|by investing||activities|||2,481|58|
|Change in cash and cash equivalents||||in||||
|the reporting
period||||||473125|16,334|
|Cash and cash equivalents||at|the|||||
|beginning ofthe|reporting|period||||473,723|457,389|
|Cash and cash equivalents||at|the end|of||||
|the reporting
period||||||521,548|473,723|
##
|RECONCILIATION|RECONCILIATION|OFNET INCOME TO NET CASH FLOW FROM|OFNET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|6|
|Net income forthe|reporting||period (as per the Statement ofFinancial|||
|Activities)||||2,134|61,670|
|Adjustments
for:||||||
|Interest received||||(2,481)|(58)|
|Decrease/(increase)|in|debtors||49,091|(49,091)|
|(Decrease)/increase|in|creditors||(3,400)|3,755|
|Net cash provided|by|operations||45444|16,276|
##
||At 1/10/21|Cash flow|At 30/9/22
f|
|---|---|---|---|
|Net cash||||
|Cash atbank|473,723|47,825|521,548|
||473,723|47,825|521,548|
|Total|473,723|47,825|521,548|
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|2.|DONATIONS
AND LEGACIES|||||
|---|---|---|---|---|---|
|||||2022f|2021|
||Donations|||200,746|220,100|
||Gilt aid|||250|1300|
|||||200,996|221,400|
|3.|INVESTMENT INCOME|||||
|||||2022|2021f|
||Deposit account interest|||2,481|58|
|4.|CHARITABLE ACTIVITIES COSTS|||||
||||Grant|||
||||funding of|||
||||activities|Support||
|||Direct|(see note|costs (see||
|||Costs|5)|note 6)
f|Totalsf|
||Research projects|2,625|185400|13418|201443|
||GRANTS PAYABLE|||||
|||||2022|2021|
||Research projects|||185,500|142,590|
||The total grants paid to institutions|during the year was as follows:||||
|||||2022|2021|
||Centre for Policy Studies|||52,500|20,000|
||Politeia|||50,000|15,000|
||The Bruges Group||||1,000|
||Tax Payers' Alliance|||83,000|104,500|
||Manifesto
Club||||2,090|
|||||185,500|142,590|
##
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|Research projects||||13r218|
|---|---|---|---|---|
|Support costs, included||in the above, are as follows:|||
|Governance
costs|||||
||||2022|2021|
||||Research|Total|
||||projects|activities|
||||8||
|Trustees' meeting expenses|||423||
|Auditors'
remuneration|||3440|3,336|
|Legal and professional||fees|(162)|3,600|
|Office expenses|||10||
|Subscriptions|||406|278|
|Travel expenses|||209|83|
|Consultancy
fees|||7dt75|6,750|
|Trustees indemnity|insurance||917|901|
||||1341$|14,948|
##
||||2022|2021|
|---|---|---|---|---|
|Trustees|meeting|expenses|423||
##
||NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30SEPTEMBER2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30SEPTEMBER2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30SEPTEMBER2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30SEPTEMBER2022|||
|---|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
||INCOME AND ENDOWMENTS FROM||||||
||Donations
and legacies|||221,400||221,400|
||Investment
income|||58||58|
||Total|||221,458||221,458|
||EXPENDITURE ON||||||
||Charitable
activities||||||
||Grant related support costs|||17,198||17,198|
||Research projects|||142,590||142,590|
||Total|||159,788||159,788|
||NET INCOME|||61,670||61,670|
||RECONCILIATION OF FUNDS||||||
||Total funds brought forward|||454204||454,204|
||TOTAL FUNDS CARRIED FORWARD|||515,874||515,874|
|9.|DEBTORS:AMOUNTS FALLING DUE WITHIN||ONE YEAR||||
||||||2022|2021|
||||||8||
||Other debtors|||||49,091|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||Other creditors||||3440|6,940|
|11.|ANALYSIS OFNET ASSETSBETWEEN FUNDS||||||
||||||2022|2021|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
||Current assets|521,548|||521,548|522,814|
||Current liabilities||(3,540)||(3440)|(6,940)|
|||518,008|||518,008|515,874|
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|MOVEMENT IN FUNDS|||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
||||At|movement|between|At|
||||I/10/21|in funds|funds|30/9/22|
||||f.|f||f|
|Unrestricted
funds|||||||
|General fund|||266,512|62,756|(50,000)|279,268|
|Designated
- Centre for Policy|Studies||81,126|(22,005)||59,121|
|Designated
-Tax Payers' Alliance|||168,236|11483||179,619|
|Designated
- Politeia||||(50.000)|50,000||
||||515,874|2,134||518,08$|
|TOTALFUNDS|||515,874|2,134||518,008|
|Net movement
in funds, included||in the above|are as follows:||||
|||||incoming|Resources|Movement|
|||||f|expended
f|in funds
f|
|Unrestricted
funds|||||||
|General fund||||78,599|(15,843)|62,756|
|Designated
-Centre for Policy|Studies|||30,495|(52,500)|(22,005)|
|Designated - Tax Payers' Alliance||||94483|(83,000)|11483|
|Designated - Politeia|||||(50,000)|(50,000)|
|||||203,477|(201,343)|2,134|
|TOTAL FUNDS||||203,477|(201,343)|2,134|
|Comparatives
for movement|in|funds|||||
|||||Net|Transfers||
||||At|movement|between|At|
||||I/10/20|in funds|funds|30/9/21|
||||f||||
|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||
|Designated - TaxPayers' Alliance|||131,091|37,145||168,236|
|Designated - Politeia||||(15,000)|15,000||
|Designated - Manifesto Club|||2,090|(2,090)|||
||||454304|61,670||515,874|
|TOTAL FUNDS|||454,204|61,670||515,874|
##
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|||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|(159,788)|61,670|
|||||Net|Transfers||
|---|---|---|---|---|---|---|
||||At|movement|between|At|
||||1/10/20|in funds|funds|30/9/22|
||||||f,||
|Unrestricted||funds|||||
|General fund|||240,892|104,376|(66,000)|279,268|
|Designated|-|Centre for Policy Studies|80,131|(21,010)||59,121|
|Designated|-|The Bruge Group||(1,000)|1,000||
|Designated|-|Tax Payers' Alliance|131,091|48,528||179,619|
|Designated|-|Politeia||(65,000)|65,000||
|Designated|-|Manifesto Club|2,090|(2,090)|||
||||454,204|||518,008|
|TOTAL FUNDS|||454,204|||518,008|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||f.||
|Unrestricted||funds||||
|General fund|||137,417|(33,041)|104,376|
|Designated|-|Centre for Policy Studies|51,490|(72,500)|(21,010)|
|Designated|-|The Bruge Group||(1,000)|(1,000)|
|Designated|-|Tax Payers' Alliance|236,028|(187,500)|48,528|
|Designated|-|Politeia||(65,000)|(65,000)|
|Designated|-|Manifesto Club||(2,090)|(2,090)|
||||424,935|(361,131)|63,804|
|TOTALFUNDS|||424,935|(361,131)|63,804|
##
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|||FORTHE YEAR ENDED 3|0SEPTEMBER2022||
|---|---|---|---|---|
||||2022|2021|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations|||200,746|220,100|
|Gift aid|||250|1,300|
||||200,996|221,400|
|Investmentincome|||||
|Deposit account interest|||2,481|58|
|Total iacoming resources|||203,477|221,458|
|EXPENDITURE|||||
|Charitable
activities|||||
|Consultancy
fees|||2,625|2,250|
|Grants to institutions|for|projects|185,500|142,590|
||||188,125|144,840|
|Support costs|||||
|Governance
costs|||||
|Trustees' meeting expenses|||423||
|Auditors'
remuneration|||3,540|3,336|
|Legal and professional||fees|(162)|3,600|
|Oflice expenses|||10||
|Subscriptions|||406|278|
|Travel expenses|||209|83|
|Consultancy
fees|||7dt75|6,750|
|Trustees indemnity|insurance||917|901|
||||13418|14,948|
|Total resources expended|||201,343|159,788|
|Net income|||2,134|61,670|