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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independeat<br>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||





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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|f|f|8||
|INCOME AND ENDOWMENTS FROM|||||||||
|Donations<br>and legacies||||2|250381||250,281|200,996|
|investmentincome||||3|16&559||16,559|2,481|
|Total|||||266WO||266WO|203,477|
|EXPENDITURE ON|||||||||
|Charitable<br>activities||||4|||||
|Research projects, conferences,<br>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|





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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||Notes|||||||||
|CURRENT ASSETS|||||||||||
|Cash atbank||||||||519/23||521,548|
|CREDITORS|||||||||||
|Amounts<br>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<br>funds||||||||515,074||518,008|
|TOTAL FUNDS||||||||515,074||518,008|
|The<br>gingncial<br>...!F**.**./~.|statements<br>.. adXj...and|were<br>approved<br>by<br> were signed on its behalf|the<br> by:|Board|of|Trustees|and|authorised|for|issue<br>on|
|EJLKeeps - True|||||||||||





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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating|activities||||||
|Cash generated<br>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|





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|OPERATINGA|C~|8|||
|---|---|---|---|---|
||||2023|2022|
|||||8|
|Net (expenditure)/income||forthe reporting period (asper the|||
|Statement ofFinancial Activities)|||(2,934)|2,134|
|Adjustments<br>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|




||At 1.10.22|Cash fiow|At38.9.23|
|---|---|---|---|
|Net cash||||
|Cash at bank|521,548|(2825)|519,223|
||521,548|(2,325)|519,223|
|Total|521,548|(2825)|519423|





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|2.|DONATI|ONS<br>AND LEGAC|IE|S|||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Donations||||||250881|200,746|
||Gift aid|||||||250|
||||||||250,281|200,996|
|3.|INVES~ INCOME||||||||
||||||||2023|2022|
||||||||5,||
||Deposit account interest||||||16,559|2,481|
|4.|CHARITABLE ACTIVITIES|||COSTS|||||
|||||||Grant|||
|||||||ftmdfng of|||
|||||||activities|Support||
||||||Direct|(see note|costs (see||
||||||Costs|5)|note 6)|Totals|
|||||||8|||
||Research|projects, conferences,|||||||
||seminars|and publications|||3,000|250,500|1~74|269,774|
|5.|GRANTS PAYABLE||||||||
||||||||2023|2022|
||Research|projects, conferences,|seminars||and publications||250,500|185,500|
||The total|grants paid to institutions||during|the year was as follows:||||
||||||||2023|2022|
||Centre forPolicy Studies||||||75,000|52,500|
||Politeia||||||31,000|50,000|
||The Bruges Group||||||3,500||
||Tax Payers' Alliance||||||108,500|83,000|
||Manifesto|Club|||||2g00||
||Policy Exchange||||||30,000||
||||||||250,500|185,500|





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



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|Trustees'|expenses|||
|---|---|---|---|
|||2023|2022|
||||5|
|Trustees|meeting expenses|785|423|



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||NOTES TOTHE FINANCIAL STATEMENTS —continued<br>FORTHE YEARENDED 30SEPTEMBER2023|NOTES TOTHE FINANCIAL STATEMENTS —continued<br>FORTHE YEARENDED 30SEPTEMBER2023|NOTES TOTHE FINANCIAL STATEMENTS —continued<br>FORTHE YEARENDED 30SEPTEMBER2023|NOTES TOTHE FINANCIAL STATEMENTS —continued<br>FORTHE YEARENDED 30SEPTEMBER2023|NOTES TOTHE FINANCIAL STATEMENTS —continued<br>FORTHE YEARENDED 30SEPTEMBER2023|||
|---|---|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||INCOME AND ENDOWMENTS FROM|||||||
||Donations<br>and legacies||||200,996||200,996|
||Investment<br>income||||2,481||2,481|
||Total||||203,477||203,477|
||EXPENDITURE ON|||||||
||Charitable<br>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|





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|MOVEME|NT IN FUNDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
||||At|movement|between|At|
||||1.10.22|in funds|funds|30.9.23|
|Unrestricted<br>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<br>in funds, included in the above|||are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted<br>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<br>for movement||in funds|||||
|||||Net|Transfers||
||||At|movement|between|At|
||||1.10.21|in funds|funds|30.9.22|
|Unrestricted<br>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|





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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted<br>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<br>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|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||162,944|(35,117)|127,827|
|Designated -|Centre forPolicy Studies|70,395|(127,500)|(57,105)|
|Designated -|The Bruge Group|2,280|(3,500)|(1,220)|
|Designated -|Tax Payers' Alliance|232,608|(191,500)|41,108|
|Designated -|Politeia||(81,000)|(81,000)|
|Designated -|Manifesto Club|2,090|(2,500)|(410)|
|Designated -|Policy Exchange||(30,000)|(30,000)|
|||470,317|(471,117)|(800)|
|TOTAL FUNDS||470,317|(471,117)|(800)|





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|||FORTBEYEARENDED 3|0SEPTEMBER2023||
|---|---|---|---|---|
||||2023|2022|
|INCOME AND ENDOWMENTS|||||
|Donations and legacms|||||
|Donations|||250,2$1|200,746|
|Gilt aid||||250|
||||250881|200,996|
|Investment<br>income|||||
|Deposit account interest|||16,559|2,481|
|Total incoming resources|||266,840|203,477|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Consultancy<br>fees|||3,000|2,625|
|Grants to institutions|for|projects|250,500|185,500|
||||253,500|188,125|
|Support costs|||||
|Governance<br>costs|||||
|Trustees' meeting expenses|||785|423|
|Auditors'<br>remuneration|||3,900|3,540|
|Legal and pmfessional||fees|780|(162)|
|Oflice expenses|||66|10|
|Subscriptions|||469|406|
|Travel expenses|||325|209|
|Consultancy<br>fees|||9,000|7,875|
|Trustees indemnity|insurance||949|917|
||||16,274|13,218|
|Total resources expended|||269,774|201,343|
|Net (expenditure)/income|||(2,934)|2,134|