2023-09-30-accounts - The Institute For Policy Research

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

							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	f	f	8
INCOME AND ENDOWMENTS FROM
Donations and legacies				2	250381		250,281	200,996
investmentincome				3	16&559		16,559	2,481
Total					266WO		266WO	203,477
EXPENDITURE ON
Charitable activities				4
Research projects, conferences, publications		seminars	and		269,774		269,774	201,343
NET INCOME/(EXPENDITURE)					(2,934)		(2,934)	2,134
RECONCILIATION	OFFUNDS
Total funds brought fonvard					518,008		518,008	515,874
TOTAL FUNDS CARRIED		FORWARD			515,074		515,074	518,008

								2023		2022
		Notes
CURRENT ASSETS
Cash atbank								519/23		521,548
CREDITORS
Amounts falling due within one		year						(4,149)		(3,540)
NET CURRENT	ASSETS							515,074		518,008
TOTAL ASSETSLESSCURRENT
LIABILITIES								515,074		518,008
NET ASSETS								515,074		518,008
FUNDS
Unrestricted funds								515,074		518,008
TOTAL FUNDS								515,074		518,008
The gingncial ...!F../~.	statements .. adXj...and	were approved by were signed on its behalf	the by:	Board	of	Trustees	and	authorised	for	issue on
EJLKeeps - True

					2023	2022
				Notes
Cash flows from operating	activities
Cash generated from operations					(1$)$84)	45,344
Net cash (used in)/provided	by	operating		activities	(18,884)	45,344
Cash tlows from investing	activities
Interest received					16,559	2,481
Net cash provided by investing		activities			16sI59	2,481
Change in cash and cash equivalents			in
the reporiing period					(2325)	47,825
Cash and cash equivalents	at	the
beginning ofthe reporting	period				521,54$	473,723
Cash and cash equivalents	at	the end	of
the reporting period					519,223	521,548

OPERATINGA	C~	8
			2023	2022
				8
Net (expenditure)/income		forthe reporting period (asper the
Statement ofFinancial Activities)			(2,934)	2,134
Adjustments for:
Interest received			(14459)	(2,481)
Decrease in debtors				49,091
Increase/(decrease)	in creditors		609	(3,400)
Net cash (used in)/provided		by operations	(18,884)	45,344

SUPPORT COST	S
						Governance
						costs
Research pmjects,	conferences,		seminars	and
publications						16,274
Support costs, included		in the above, are		as follows:
Governance costs
					2023	2022
					Research
					projects,
					conferences,
					seminars
					and	Total
					publications	aclivities
Trustees' meeting expenses Auditors' enumeration					785 3,900	423 3~0
Legal and professional		fees			780	(162)
Office expenses					66	10
Subscnptions					469	406
Travel expenses					325	209
Consultancy fees					9,000	7,875
Trustees indemnity	insurance				949	917
					16,274	13,218

	NOTES TOTHE FINANCIAL STATEMENTS —continued FORTHE YEARENDED 30SEPTEMBER2023	NOTES TOTHE FINANCIAL STATEMENTS —continued FORTHE YEARENDED 30SEPTEMBER2023	NOTES TOTHE FINANCIAL STATEMENTS —continued FORTHE YEARENDED 30SEPTEMBER2023	NOTES TOTHE FINANCIAL STATEMENTS —continued FORTHE YEARENDED 30SEPTEMBER2023	NOTES TOTHE FINANCIAL STATEMENTS —continued FORTHE YEARENDED 30SEPTEMBER2023
	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies				200,996		200,996
	Investment income				2,481		2,481
	Total				203,477		203,477
	EXPENDITURE ON
	Charitable activities
	Research projects, conferences,		seminars	and
	publications				201,343		201,343
	NET INCOME				2,134		2,134
	RECONCILIATION	OF FUNDS
	Total funds brought forward				515,874		515,874
	TOTAL FUNDS CARRIED		FORWARD		518,008		518,008
9	CREDITORS: AMOUNTS FALLING			DUEWITHIN ONE YEAR
						2023	2022
						f
	Trade creditors					249
	Other creditors					3,900	3,540
						4,149	3,540
10.	ANALYSIS OFNET	ASSETSBETWEEN FUNDS
						2023	2022
				Unrestricted	Restricted	Total	Total
				fundsf	funds	funds	funds
	Current assets			519rt23		519,223	521,548
	Cunent liabilities			(4,149)		(4,149)	(3,540)
				515,074		515,074	518,008

MOVEME	NT IN FUNDS
				Net	Transfers
			At	movement	between	At
			1.10.22	in funds	funds	30.9.23
Unrestricted funds
General fund			279,268	65,071	(62,630)	281,709
Designated	—Centre for Policy	Studies	59,121	(35,100)		24,021
Designated	—The Bruge Group			(1,220)	19220
Designated	- Tax Payers' Alliance		179,619	29,725		209,344
Designated	-Politeia			(31,000)	31,000
Designated	- Manifesto Club			(410)	410
Designated	- Policy Exchange			(30,000)	30,000
			518&008	(2,934)		515,074
TOTAL FUNDS			518,008	(2,934)		515,074
Net movement in funds, included in the above			are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				84345	(19,274)	65,071
Designated	- Centre forPolicy	Studies		39,900	(75,000)	(35,100)
Designated	—The Brnge Group			2/80	(3,500)	(1820)
Designated	- Tax Payers' Alliance			138,225	(108,500)	29,725
Designated	- Politeia				(31,000)	(31,000)
Designated	- Manifesto Club			2,090	(2400)	(410)
Designated	- Policy Exchange				(30,000)	(30,000)
				266,$40	(269,774)	(2,934)
TOTAL FUNDS				26tb840	(269,774)	(2,934)
Comparatives for movement		in funds
				Net	Transfers
			At	movement	between	At
			1.10.21	in funds	funds	30.9.22
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		168~6	11,383		179,619
Designated	- Politeia			(50,000)	50,000
			515,874	2,134		518,008
TOTAL FUNDS			515,874	2,134		518,008

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
Geneml fund			78,599	(15,843)	62,756
Designated - Centre forPolicy Studies			30,495	(52,500)	(22,005)
Designated - Tax Payers'	Alliance		94,383	(83,000)	11,383
Designated - Politeia				(50,000)	(50,000)
			203,477	(201,343)	2,134
TOTAL FUNDS			203,477	(201,343)	2,134
A cunent year 12months	and prior year 12months combined position is as follows:
			Net	Transfers
		At	movement	between	At
		1.10.21	in funds	funds	30.9.23
			6
Unrestricted funds
General fund		266,512	127,827	(112,630)	281,709
Designated - Centre forPolicy Studies		81,126	(57,105)		24,021
Designated - The Bruge	Group		(1,220)	1,220
Designated - Tax Payers'	Alliance	168,236	41,108		209,344
Designated - Politeia			(81,000)	81,000
Designated - Manifesto Club			(410)	410
Designated - Policy Exchange			(30,000)	30,000
		515,874	(800)		515,074
TOTAL FUNDS		515,874	(800)		515,074