Company rL¥istration numbei.. 00354802 charity regibtralion number: 313746 The Round Table Limited (A company limited by guarantee} Annual Report and FinanLial St8icmonts for the Year Ended 31 December 2023 Burdelt Kingl Accountancy Lirniled Chartered Cerlif1ed Accounthnt 8 The HamiltOll5 Nemonarkel Suffolk CB8 ONF
The Round Table Limited Contents ReferenLe ld AdmitratiVe Details Ito2 Trustees, Report 3109 Sialcmcnl ofTrustees' Responsibiliti¢s io Independent ExaniillePs Report Statemcnl of Financial Aclivities 12 Bulance Sheet 13 Nc)les lo the F inancial Statement% 141021
The Round Table Limited Reference and Administrative Details Trustees Dr 11 Aldrich Dr P Clegg. (completed lem1, 8 Junc 2023) Dr C P Cullen Mr H J B Elliott, {TreasuTer) Dr P Flather Ms A Jones Ms E Kreling. {completed ten 8 June 2023) Prof J B L Mayall. {complct¢d t¢rm, 8 June 2023) Dr S Ci Mole Ms K NavaTalnam Ms R Payne. (complet¢d tem, 8 June 2023) Mr J Robbins. {Lhair, from 8 Jun¢ 2023) Mr M N F Robinson, {LomplLitcd terni 8 June 20231 Ms R V S¢hofield, (Chair. completed tenn 8 Jun¢ 2023} Dr M Torrent Dr J Trinidad Secrelary DrACMay Editors Dr V lyer, Editor Ms 'f A Barringer, A8sistsnt Editor Ms T A Barringer, Book R¢vi¢ws Editor Ms D Ransom¢. W¢b¥ite Editor c.harity Registr2tion Number 313746 Company Rcglstratlon Number 00354802 The charity is incorporated in England, Page I
The Round Table Limited Reference and Administrative Detai]s Reglgtered Offlee 4 Park Square Milton Park Abingdun Oxfordshire OX144RN Independent Examiner Burdett King AccountanLy l.imiled Chartered Certified Accounlanl 8 The Hamiltons NLMTnarket SulTolk CB8 ONF Bllnker% Co-operatiTr'e Bank PLC PO Box 250. DLlf FIou5L' Southway Skelinersdale WN8 6WT Scottish Widows Bunk 67 Murrisvn Street F.dinburgh EH3 8YJ Page 2
Tbe Round Table Limited Trustees, Report The mistees. who are Ilirectors for the purposes of company law. prescDt thc amiulil report togetber with the f1nancial statements of lh¢ ¢harilable company for the year ended 31 DecembcT 2023. Trustees and otricers The tn]stees and officers serving during the year and since ibe year end were as follows: Trnslees: Dr H Aldrich Dr P CILgg, (completed ierm, 8 June 2023) Dr C P Qillcn (appointed 8 June 2023) Mr H J B Elliott. (Treasurer) Dr P Flathcr (appointed 8 June 2023) Ms A JonLS (appointed 8 June 2023) Ms E Kreling. {compleled ierni. 8 June 2023) Prof J B L Mayall. (completed ten 8 June 2023) Dr S (y Mole Ms K Navardtnam Ms R Payne, (cornplcled terni. 8 June 2023) Mr J Robbins. (Chair. Irom 8 Julle 2023) Mr M N F Robinson. (compl¢d tcrm, 8 June 2023) Ms R V S¢holiLld, {Chair, completed lern] 8 Junc 2023) Dr M Torrenl (appnint¢d 8 June 2023) Dr J Trinidad (appointed 8 Jun¢ 2023) Secretary.. DrACMay Structure, GovernAnce Management Govcrning Dooumenls The Round 'l'able Limited is a charitable company limited by guaranle¢, govern¢d by its Memorandum and Articles of Association dated 7 July 1939 and amended by an LxtraoTdinary General Meeting on 28 January 2010. Its daY-tdaY activilies are conducted in accordance with a 8overnan¢e document AdOpd by the Lditorial Board on 22 April 2010 and subsequently periiKlically afflcndcd, including on 19 October 2023. The Round Table Limited 1.8 a charitablc company limited by guarantec, govcrncd by it.s Mcmoranduin and Articles of A550ciatioll dated 7 July 1939 and amended by an Extraordinary General McL.ting on 28 January 2010. Its day-to-day aclivities are conduthed in aLcordance with a governance docuinent adopted by the Editorial Board on 22 April 2010 &TKI subsequenily peTiodicAlly amended, including on 19 October 2023. Appointment of Council Membgrs The directors of tbe compmy are also charity trustc¢s for the purposcs of charily law and under the company's Articles of Association are known as Menibers orthe Council. Under the requirements of the Memorandum and ArtiLle5 of Association the Member5 of Council are elected to serve for a periud of thrLY yeaTY after whiLh they must etther stand dowi or be re-elected at the next Annual General Meeting. However, the governance document agreed on 22 April 201 O provides that members of Council (except th¢ Chair and the Treasurer) may not stand for re-election for a full frrni. The Chair and Tr¢a5urer are electcd for threc-year term& rencwdb16 once. On 16 June 2022 it was decided to reduce the size of the Council from Iwelve to elbven rnembers. Page 3
The Round Table Limited Trustees, Report The directors of the comparAy arc also charity trLi%tees for the PUTPO8es ot charity law and undLr the compaiiy's Articles of Association arc known as Mcmbcrs ijf thc Council. Lnder Ihc rcquirements of the Mcrnorandum and ArtiLILS of Ass'ocj<ilion the Members of Council are elected to serve for a period of three years dftLr whieh tliey must ¢ithcr stand dowl or be Te-elected at ihe next Annual General Meeting. However. the govcTnance documeni agreed on 22 April 2010 provides that members ofcouncil (excepl Ihc Chair and thc Treasurer) may not stand for re-election for a full tenn. Thc Chair and TTcasurer are electcd for thrtt-year ternis. ren¢w&ble OEICL. On 16 June 2022 il was decided lo reduce the si£e of the Council from twelve to eleven tnembu"rs. The Annual CJen¢ral Meeting represents mcmbeTS of the Editorial Board of the journal. who constitute the A%sociali()n ds dLfined by IliL MbmurandLUn und ArliLles of ASSOLia¢ion. As well as Lleuting Members of the Council and the Chair and Trcasurcr, Ihcy also elect for thrcc-ycar ternis (rLncwablc) Ihe Chair of the Mcmbcrship Cominillce and Chair of the Website Advisory Groiip. The Sccrctary. F.dilor, Assistant Editor. Book Review3 L,ditur. WLbsite Lditor hold those posts. until the ELlilorial Board sbould dcLide othenvise {subjccl to apprais&ls and VIeWS which the Board has put in place). MLmbLTh of thL AsyoLiation (of whom there are currently 29) are circulated prior lo the Annual GLneral Mccting witli a list ot tru8tecs rotiring andlor seekinb7 LILLtion. rru,Yle.e.f Induction and Troiniftg All trustees are alrLady familiar with thL' pfaLtiLal work of the charity. having usually served a5 members of ihe EdilLirial Board (which for practical purposes manages some of artivitic¥ of the ciwity) for SCVCTal years. All tru%t¢¢S df¢ dlready Edmilidr with tlie praLtiLal work ot the Lharity. having usually SLrved as membcrs ot the Editorial Board (which for praclical purposes managyes some ofthe activities of the ¢harity) for ¥everal years. New trustees are provided wilh information by the Chair and Secretary, covering suLh maltcrs as tliLir legal obligalions under Lharily and cc)rnPdny law, IhL Lonlenl ol Ihe M¢morandum aiid Articlcs of A5SQLiation, Ihc (iovem2£ nce DocuixenL Ilie recent Financial performance of the charity. and fulure plans and objectives. Trustees arL' mdde L()gTni54nt ot-th¢ir satLw4rding rLspon%ibilitiLS. The Secrelary keeps a file of Charily Commission cir¢u13rs and publications which are drawn to the attention of trusrees iihen relevant. and kept available tor thcir inspL¥tion. Organall0 The M¢mbers of th¢ Coun¢il meet at least twi¢¢ 8 year, and may hold An extraordinary meeiing 8hould 5u¢h mceling be requested by any two mcmbers. The SecrelaTy and F.ditor attLnd Council m¢elings. bui liave no voting rights. For praclical PUOSe5, some ol th¢ activities of thL iharily are managcd by Ihc in¥mbcr.s of th¢ .'dilorial Hoard (Ihe Associalion). who meet quarterly. At the discretion of the Edilorial lloard and on its express instructioii. decision-making powers are sometimes delegatcd on specific issues to the Chair of th¢ Council (who also acts as Chair of the r,dilorial Board), Ihc Sccrctary. or Ihc Editor. Sub-Lommitlees have been Lslablffibllcd lo rnakc rcLommLnJ#lii)ns on memb¥rship on tlie clLarily'b wcbsite, and may be eslablished for othLr rLasons and purposcs. including strategic revicw, but haNe no decision-m8king powers. The Members of the CUnCl1 meet at least twice a year, and may hold an exlravrdiriary meeliiig should such me¥ting be requested by any two membcr5. Thc S¢cr¢tary and Editor attend Council meetings, but have no i'otiiig riglits. For practical purposcs. somc of thc activiti¢s of tknL charity are managed by the mcmbLrs of thc Editorial Board (Ihe AssociaLion), who meet quarlerly. At ihc discretion of the F.dilorial Bottrd and on ils cxprcss insuuLlion, dccision-makiii& powL'rs arL %olliL'linics delLgalcd on specific issues lo tlie c.hair of the c.ouncil (Ivho also acts as Chair of the Editorial Board), the Se¢retary, OT the Lditor. Sub-committees have becii cslablishcd to makc rccomrnenda(ions on meniberghip and on the charitj's website, and may bc established for other reason.8 and purposes, inLluding strategic rei'iew, but haNe no decision-making powers. Role descriptions and tenns of refercnce for evcry postholder (including membcrs of the Council. F.diloriAI Board, and LntLrnational Advisory Bodrd) and Su1COMmIttee, Coi'ering such mattLrs as electiotL/appointfftLnl, terms, responsibilities, and criteria, were last revised by the Council oll 16 June 2022. Page 4
The Round Table Limited Trustees, Report During 202.") the C.ounLil engaged in an extensive strat¢giL rei'iew of the journal. in response to signifiLant hangycs in thL publishing environlnellt for acadLmic journals. Variouq ¢lemenls of tbe rccoullllendali011s hav¢ already been implemented. and others will be as part of a longer-tenn process. RElated Paities Ai periodic intervals. the Chair, Treasurer and Secrelary are delegated by the Members of Council to negotiale a contract for th¢ publiLAtion of thc journal, from which ihe charity dcrives ihc greater part of it% inconic, in the torm of royalties alld Lditorial expenses. The current vonÉract will nin until 31 DLcL"mber 2025, with the possibility of a tw(year cxtcnsioii. The currcnt publisher5 of ihe journal are T&F InfUM UK, wider Lhe imprinl Rouiledge. Ai periodi¢ illtLrvtsls. the Chatr, Treasurer and SL'crelary are dclL&JatLd by the Members of Council to negoliale a contract for the piiblicalion of the journal. from which the charity derives the greater parl of its incoine, in the foi'm of royalries and editorial expLnse5. The current contraLt ivill run until 31 Dember 2025, with the pos.sibility ot a two-ycar cxtcnsion. The current publishers ot th¢ journal arL T&Tr Intoi'ma UK. ullder the imprint Rouiledge. "rhe chai'ity co-operates on an ad hoe basis with a numbL'r of otbL'r Lhuritie5 8nd othL'r bodies 7th intLrLsts in Ll(s¥L'ly-rL'laied fields, 4ULh as the Coin5nonwealih Associativn, thty Royal Over-SLUS l.eague, tho Associatioii or L()Inllwnwedlili Univer%ilies, 'I'he Indcpendent F()ium vf c()mmonwcalth Org(Ini5ation& the In51iiulc or C.i)mmonwealih Sttidics. UIiivLrsity of Londoii, and othLT non-gDvLnimL'ntal or&iani%ations and ¢lLadLmic inslitutinns. in addilion to High Comrni%sion8 and ihc C.ommonwealth's inlergovcrninental bodics. such Ilie Comin(InwLalth %cLr¢lw'iiil lind Con]moiiwL411ili bouiiddlii)i). A laibyu pri)p()rlion ot- memb¢r5 of Lhc Ediluriul Ili)aril (the Ak%uciali()n) ¢ir¢ Al.5() involved in dilTcrcnl LapaLiIic5 IEI thL work of thL4L uiher bodiLS, but there arc no fornial instituiional or financial links, and tlier¢ are no 'e.r oJ]ieio' m¢mbers of thc Assoelation. 'rhLrL #rL ulso Round Tablc '¢haptcr5' in Australia, Llangliidesh. Indid, Malaysia. Sri Lanth with which Ihe Lhdriry mdintaiiis ¢ontllLt, but which havc iio forni81 institutiunal or financial links with the charity. DisLussions havc been ongoing? oli ihc possibl¢ fornialion of'¢haplcrs' clsewherc. Objcctlvcs and Actlvlties Foundcd initially as unincorpoTated body in 1909. the Round Table exist8 to promote disc$S1on and ana5ysis ol. C.ommonwLalth #ll(IiPi. Ab SLt out in its Memorondum and Articlcs ot Association, the Charity'5 principal objects are.. oundcd initially a5 an unincorporalcd body in 1909, the Round Table exists to promot¢ di%Lusyion and analysis of Commonwealth affairs. As set out in its MemoTandum and Articles or Associalion, the charity's principal objects are.. To advance the study of the Commonwealth and internalional politics. economtcs and jurisprudence; To providL and maintsin meunb Ot infomialioii UPL7n Commoiiw¢dlth and iDteniatioTJal questions aiid to proniole the study of the Cominonwe<11th and international qiic%liong by nicans of (Tavel and discussion and the publication of bi)oks, periodiLdls or othcr works or otherwise as may 8eern dc5itablc: Generally to encouragc and facilitate th¢ study of Conllnonwealth intemational qucstions and io prornote thc cxchangc of information, knowlcdgc and Ihought on Conmnollwealth and internatio11 affairs and the und¢rstanding of the circum5tan¢es, conditions and Yiews of nations dnd pcoplcs more cspccially Ihosr of thL Communwealth; To encourage and facilitate the formation and maintl'nance of corntllittee5 and 0uPS for like piitpoges througbout the co[0[L¢1th. Pagc 5
The Round Table Limited Trustees, Report The maill objectives and aetivities for the year eoniinued to focus on the promotion and disscrnitthtion of infornialion, knowledgc and thought on Commonwealth and international affairs. and on the politledl and other Londiliuns of thL Comtnunw¢ulih's tnember-s¢ales. 'I'he s'tialegyies employed to a53iSt the charity to meet these objectives included the folloMing- The continued publication (currently six times a year) of The Round Table.. The Coinmonwealth Joziniol ofjnleniational Affairj, (fjrst published in 1910),. The dissemination of offprints, conference repoits and other publication Th¢ maintcnanic of a wcbsitc wliich givcs inforn]ation on and analysis of the Commonwealth and contemporary issues in international relations. The award of an annual Harry Hodson PriT.e for an essay (lo bc publish¢d in The Rouiid Table) on some Comtnonwealth-related topic by a young writer" TbL award of an annual Peter Lyon Prize for the best poliLy-relevant article published in the journal in each calendar year; Th¢ award of two Rouilcdge-Round Table Commonwealth Stud¢ntships, tor postgThluatc students studying some Commonwealih-rclafrd pIC. Thc organi5alion of meetings and confenceS on Cornmonwealth thenKs, sometitrKs in co-operution with other Commonwe4ilih bodies. "rhe maintenanc< of links with other Commonwealth-mittdL¥d groups in the UK and in oth¢r parts of the Cornmonw¢81th. including the Round Table 'ckapteTS' in Australia. Banglade8h, Jndia, Malaysia. and Sri Lanka. Public Benellt In carryitsg out their reyponsibilities as trwste¢s of the Llwrity. the members of the CounLiI hai'e taken account of the Charity Conuni5sion's ¥uidance on public benefil, a5 sel out in the publical&on 'Charilies and Public Ben¢fit', and in other do¢um¢nts. The principal aim of the Round Table is lo advance education, specifically about the modern CommonwLalih. This it has done in various ways, including.. Thc publtcation (currenily six times a year and onlinc) of a journal, which contains 'opinion pieces, as well a5 er-revleWed articles providing InfornOn and knowledge about various aspects of the Conllnonw¢Jlth and the challengL¥ it faLL%, and scekin¥ to fwthLr und¢ratandin¥ 4nd ajwlysis of the role ot tbe Commonwealth in internation81 affairs" The onwuragement of research on the Commonwealth specifically by undergraduates and recent graduates through the award of an aT)nual Hary Hodson Priz¢' The cncouragcmenl of poli¢y-rel¢vanl research relating lo ihe Comrnonwealth by the award of an annual Peter Lyon Prize- The encourngement of educatlon in and about the Commonwealth by means of the award of two annual RoutIedge-RouI Table Commonwcalth Studcnts'hips. one for a PhD smdent baseAJ in the UK and onc for a PhD student based elsewhere in the Commonwealth. Thc disscmtnation of knowledge and analysis of the Commonw¢alth by other me8n5. such as offprints, onference reports and oihcr one-off publications., The provision OF a website extensive IDforUtioll and other materials relatillg to the Commonw¢alth and its aCtiltieS, the Round Table itself, and oiher Commonwealth organisations. The organisation of ¥onf¢nceS on Commonwealth themes" The provision from time to lime of expert advice to policy-maker5, such a5 the House of Commons Foreign Affairs Committee or committees of the House of Lords. Page 6
The Round Table Limited Trustees, Report The trusters are not aware ot any way in which detritllent or hann occurs as a rL'suIt of the cELarity's a¢tii'ities. The principal beneficiaries of the charity's activ?ties are underBf2duate and graduate students and academics, along with journalists, policy-makcrs, reprL'sentatives of Livil 50cicty orgdnisalions others involvcd with Commonwealth issues. but the beneficiaries are largely self-selecting and there are no restrictions for rc&sons of geography, income, or oiher factors. Thu privatv benefi1% accruingy lo the trustccs (principally? access to meeiings and confcr¢n¢¢s, rLcLipl of the jOULnal, and in the Lase of the Chair and Treasurer dnd orgyaniscrs of specific activitlL'S the repaymcnt of travtl expcnscs inCued in ¢arrying out dulles in conncclion with ihc chcirily) are incidcnlal to ihe chArily's ainis and necessary tor them to be able to discharge their responsibililiL5. Tntee5 pay an annual membership fee {curr¢ntly £30), largely to offset these benefits. Achlevements Perffjrmance Puhlicalion.Y In the yedr ending 31 December 2023 the journal, under the Lditorship of Dr Vcnkat lycr. Lontinued to publish artiLles ok'high quality and greol inleresl on a widc rangye of topics connecled lo iiilernational relali05 in gicnerul llnd the Comnionwealth in particular. 'I'hree iSSLies published in 2023 were special issues. 'I'he April 2023 i58ue, guLSt-Ldilcd by Jameq Chin, on 'Singapore- transition to fourth g¢ncrdtion ILadLrship' Th¢ Jun¢ ?02.1 ISSUL, guL8t-Ldilcd by Chin-l luat Wong, was on 'Maluysia: thL 15th genLral el¢¢lion und its implivations,, and the Oclobcr 2023 issu¢. guest-editcd by Terry Baln¥er. was on 'Rcligion aiid LummonwLalth valuos,. In thL yLar ending 31 December 202.1 the journal, und¢i' the Lditorship ()t- Dr Venkat ly¥r. LoiitillULd to publish artlLles ol. high quaSily and great iiilLre8t on il widL raii&i¥ ofiopiLS coiincctcd lo ii)t¢rnalional rLlulions ii) g5Lncral nd Ihe CommonweRlIl) in particiilar. Three issues published in 2023 were special issues. -Ilie April 2023 issue, gu¥st-Ldiled by James Chin, on 'Singaporc.' trU1tOn to fourth g¢ncrJtion leader.ship. Th¢ Jun¥ 202.3 issue, gu¢st-¢dit¢d by C'.hin-Huat Wong, was on 'MaliK ysia.. Ihc 15ih gcncral clection 4ind ils iinplications.. and ihe O¢iobLr 2023 isbuL. gTUL4I-LdilLd by TL'try B&rringFLr, was on 'RLligion aiid CommonwL'alih valucs,. Tvpics covered in Ihe thrce 'general' issues published in 2023 includcd 'lndia's quesi for security and Its nculrality in thL Rus5ia-Ukraine war,, by Raj VLrma (February 2023), '#SdyNoToRohingya": a critical study on Malaysians. amplified resentment towards Rohingya r¢fu¥¢es on Twittcr during the 2020 COVID-19 crisis,, by Nadhirah Zdill81 Rashid and Mohd Irwan Sya71i Saiditi {Au¥ust 202.3), aiid 'AUKUS'. a Con)monwculth perspcclivc. by Dcrek McDougall (Deccmbcr 2023). In additiun, throughout 202.3 thr journal continu¢d to publish, every two monthb, a wid¢-rdnging tscction of book rcvicws. The journal alsts publi%hes a regular Cominonwealih Bookshelf, which provides briefer details or Cofflmonwcalth-rLlcvant publications. The 'Opinion' section of the journal. comprising shorter and more opinionatcd article8 on topical thcmcs, is an iinp()Itdnt tCdturL ot thL jouinal, with 41 'opinion' Pl¥Le5 publi5hL.d in 2023, coveritLg a wide variety of Commonwealth-related topics. Pp'iz The 2023 Harry Hodson Pri7.e was aw&rded jointly lo Sophie Macdonald for hcr essay. 'Tn dcfcncc of Llanito.. Gibrdlrar ill an agc of linguibtlL transitiun,, (Ind Frank DLvillLLnzi, tor liis essay, 'Diverging puthg tor C.'anada.' nationalism belween Britain and America. 1957_1963'. Both cssays will be publi5hcd in the journal in 2024. The Peter Lyon Prize for 2022 was awdrded in 2023 to Jivanta SLholtli. for her artiLl¢. 'Lndia aThl the "great powers" from the lDdi&n Ocean to the ltLdo-Pacific region., published inThe Round Table, volume I I I, issue 3 (June 2022). The win[T of the 2023 prtz¢ will be detcrmtncd in 2024. Page 7
The Round Table Limited Trnstees, Report SiudL'niships With the help of Routledgerraylor & Francis. tbe Round Table also offers annually two Routledg¢lRound Table Commonwealth Studentship awards, one for a postgraduate stydent based in the UK. and the other for a pos'tgraduate student based at a university elsewhere in th¢ Commonwealih, for work on Cornmonw¢alth-related th¥me5. The scheme includes a mentoring component. with cach successful applicant requir¢d to work with a mentor based at a university in anoiher Commoniveolth country whilc preparing the research articlc and podcast which are requirements of thc award. In additioi) to financiat assistsncc from the publish¢i'. the Round Table has r¢¢¢ived signif1cani help from the Association of Cominonwcalth Universilies in advcrtising thc awards. The winners of the awdrd.8 foT 2023-24 were Robert Nadoi Masaba {Makerere University) and Sardh Nyczaj Kyle (Northwnbria Universily). Websile The Round Tablc wcbsitc althr table.co.ukl ) is not only a showcase for the joum&l and the other activitie5 of the Round Table, but a150 an important resource and point of reference for anyone wishing lo find out inor¢ abvul th¢ contcmporary Lommonwcallh. In 2023 the website featured a wide range ot pieces written by ihL Website Idilor or ccimmis5ion¢d by her. and addrcssing importanl andlor topical Commonwealih-rclated matt¢rs. The website also includcd a regular 'Eye on the Commonwealth. cOlUn (replacing Commonwealth UpdalL, whiLh h(Id been publi5hL.d in IhL journal until Dccornb¢r 2021)> i3ivin8 in-depth analysi5 of a of Con)monwealth-relat¢d n¢w$ items. In 2023 the Mrbsitc conlinucd to see an increase in visitors. This was particularty marked in relation io certain articl¢s OT ¢Crtaiu cvents {such as thc Coronation) The Website EdIr has also been rcsponsible for maintainin¥ and developing the Round Table'5 expandin social m¢dia presenc¢. parti¢ularly through X (forni¢rly Twittcr). Meelings On 18-19 JanLMry 2023 the Round Table h¢ld a two-day conference at Cumberland Lodgc, Windsor. entitled 'CJlobal challcn¥¢s and the intL'Tn#tional rcsponsc: what role fi)r the Commonwealth9' Sessions addressed tvpics ranging from the future of multilaterdlism and thc role of Small states to human rights and the ¢h8ll¢nges facing Ihe Cornmonwe&lih. Speakers, included Baroness Scotland. the Comiiionwcalth S¢crelary-G¢neral, and the conference also inclLEded a Zoom ¢all wilh Chief Emeka Anyaoku, her predccessor in the post. The ¢onfer¢nce was filmed, and th¢ vidcos published on the Round Table wcbsitL, alon¥5id¢ iThterviews and other material. The Round Table also held smaller discussion meetingsi iTtcluding with HE Vikram K. DoTaiswamt. High (.'ommi55ioner for India. on 20 April 2023. and FIE Moazzam Ahmad Khan, High Commi.%%ioner for Pakislaa. oll 8 June 2023. Financial Review The Roiind Table journal continued to sufler a small attrition in the levLI of its print salcs during 2023, but the resultant decline in income from journal subscriptions was more than offs¢1 by income fmm onlinc sales and downloads. The Members of Council and of the A&so¢iation have continued to keep a close eyL on ways of m&ximistng illcome, and hav¢ b¢¢n Mindful of the need to bold suffict¢nt fUtltig in rcscrve. The Roiind Table journal continued to suff¢r a small attrition in the level of its print sales during 2023, but the resultsnt decline in income from journal subscriptions was more than otrset by income from online salcs and dowllioads. The Men]ber5 of Council and of ihe Association bave continued to kcep a close eye oll ways of illaximising income, and have been mindful of the need to hold sufficient funding in reserve. Principal Funding Sources Page 8
The Round Table Limited Trustees, Report The charity's principal source of income hag continued to be roydlties and editorial expellses from the publication of thc journal. In addition, Cach membcr of Ihe Associalion pays an annual rnembership fee of £30. 'rhere al'e also sfflall inLomes froIn duniltions and inleresl on inveslAnenl5. The charity's principal sourLe of income has continucd to be royaltics and cdilorial expenses from the publication ol Ihe joumal. In addition. ¢a¢h membei of th¥ Associalioll pays an annual meu]bL"tship fee of £30. There are also small illcomes from donations and interc5t on investmLnts. Invaslment Policy The charity's funds available for long-tenn investmcnt have been p13ced into an account Th'ith SLottish Widows. Members of tliL C,c)unLiI uf Ihe Association continued lo monitor interest rate8 order to maximi8e the charily's income from long-tcnn invcstrnents. ThL' churity's fiindb ai'ail#bl¥ for lon¥-tLrm ini'estniunt huvL. been placed into an account ipiih Scottish Widows. Membcrs of Ihc Louneil alld of th¢ Associaiion continued to monilor intcresl rales in ordcr to in&¥iinise the Lhurity's in¥ome from long-lcrm invcstrnLiII%. Iduture PIAllS Duriiig 2023 the Roiind Table engaged in &n cxtcnsive strategic reviL'W, eoiiccrnLLI purtiLiilurly with thL futuri of thc joiirnal. During 2024 thc charity will bc sccking to appoint a new edilorial aM and io widen thc bcope or thL joui'nal. Page 9
The Round Table Limited Statement of Trusteesl Responsibilities The trustccs (who arc dlso the dircctors of The Rouiid Table Limited for thc purposes of compally Idl4'1 are rcsponsiblc for prcparing thc trustees, rcport and thc financtal stateinentq in accordance with appliLablc law and United Kingdom Accounting Siaiidards (United King'dorn GenerlY Accepted ALLowilin4 PraLIjLe}, includin¥ RS 102 "The b inanLial Rrporting Siandard applicxbl¢ in the UK and Rcpublic of Ircland.. Cornpany law rLquircs thL trustees to preparL tillanLial statem¢nts for eaLh titk4incial year. Under company law thu Irustces must not approv¢ th¥ fIiwi¢ial %tatLmLnts unlcss ¢hc )' are balisfied that thcy givc a truc and fair view of Ihe slate of affairs of the charilable company and of the incoming resources and &pplication of resources. iJ]LludiIig its. inLomL and Lxpclldifiirc, ot thc charitable company tor that pLriod. In preparing these tinancial 51atem¢nts, the trustees required io.. s¢l¢¢t $uilabl¢ accounting poli¢i¢s and apply th¥m consistenilyy observe th¢ methods and principles in th¢ Charities SORP- make judbiemenls and egtimutos that are Teasonable and prudent; 81aiL whLthLr applicable aLcounting standards, compri%ing FRS 102 havc been followed. 5ubj¢¢t to any Inalerial deparlures disclobed and ¢xplaill¢d in the finai)Lial slatcmcnls,. iind preparc ihe financial statcmcnts on thc going ¢ortcern basis unlcss il is inappropriat¢ lo presume that Ihe LharitablL company will continue in business. 'I'he trustees 'e responsible for keepiny proper accoiinting records that can disclose with reasonable uccurdcy at ¢iny time thL fin8sliLial po.%ition of the LharitsblL company and enable them to Lnsure that thc financial stateniei)ts coimply wilh ihc Compaiiics Acl 20Q6. Thcy arc als(I rcspoiisiblc for safeguarding Ihc asscl% of Ihc chai'il(ible Loinpuiiy anLt hLnLe toi. Idkiiigy rLa5011ablL sILP% tur ihL pi'cvLIiliun dLILLli(Trn ot-li'aud (Ind othLr iri'Lgul¢iriliLs. The tru.$eS are responsible for the maintenance and inlegrily of the corporate and finaneial information includLd on the chui-itsblL LoMpanS web%ite. L¢gislatiun guN'erning the prLparalif)n and dissemination of riiithncilll statements may diffcr from l¢¥islation in oihcr jurisdictions. The annu# onitsb ruport and rLsponsibilities were approved by the ISte¢S of the ¢harity on 27 JunL 2024 and signLd rby.. MrJRo I'ru5t¥¥ ins DrACMay Company S¢ir¥*ry Pagc 10
The Round Table Limited IDdependent Examiner's Report to the trustees of The Round Table Limited ('the Company,) I rcport to the Lharity trustees on my examination of the accounts of the Cotnpany for the year ended 31 DeceDther 2023. Responsiblllties and basis of report As the charity's trustecs of thc Company (and also ils direclors for the purposes of company law) you arc responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'thc 2006 Act'}. Having satisfied rnyself ttkat the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligible for indepLndent examillatio I report in r¢spoct of my examination of yvur charity's accounts as Cled ot under section 145 of the Charities Act 2011 ('the 2011 Act,). ID carrying out my examination I have followed the Directions given by ihe Charity CommissioTJ under section 145(5)(b) of the 2011 A¢¢. Independent examiner's statement I have completed my examination. I confim that no matter5 have come to oiy attention in LOTJnection with the CAamiu¢ilion giving7 ML Lausc to believe: accounting r¢cords were not kept in respect of The Round Table Limited as required by section 186 of the 2006 Act. or 2. the cOun1$ do not accord with those records; or the accounts do not comply with the accounting requirements of .section 396 of the 2006 Act other than ny rcquircinenl that the a¢¢ounLs give a 'true un(1 fair View, which is not a matter considered as part of an indL'pendenl examiaalion" or 4. the accounts have not been prepared in accurdanc¢ with the methods and prin¢iples of the Stat¢mcnt of Recommended Practice for accounting and reporting by charilies lappliuable lo charities preparinb Iheii. accounls in uccordanLe wilh the financial Rcporting Standard applicable in Ihc UK and Republic or Ireland {FRS 102)1. I hai'l no ¢oncern5 and havc come acr0s5 no other matters in connection thith the examination to which attention should be drawn in ihis report in order to enable a proper undeTsthnding of ihe accounls lo bc reached. Lisa King FCCA MAAT Burdett King AccountunLy Limited 8 Tlie HamiltOJ15 Newmarket sU01k C118 ONF 14 Junc 2024 Pagell
The Round Table Limited Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Accfjunt and Statement of Total Recognised Gains and Losse5) Unrestricted funds Total 2023 Note Income And Endowments from: Donaliot)s and l¢ga¢i¢s CharilablL dLtivitie5 Investment income 820 95.509 1.283 820 95,509 1.283 Total inLome 97.612 97,612 Expendlture on: Lharilublc aclivilies 112.764) 112.764) Total expenditure (112,764) (112,764) Net expenditure {15.152) (15.152) N¢t molement ii) fund (15.152) {15,152} Reconclllatlon of fuDd$ Total funds broughi fonvard 109,1154 109,854 Totsl funds carried forward 15 94.7n2 Unre8tricted Cuiids 94,702 TThtAI 2022 Note Incvme and Eiidowments from: Ch4ritablL activiti¢4 Investment inLome Oiher income 79.915 95 15,913 79,915 95 15,913 1.otal income 95.923 95,923 Expenditure on: C.harilable activities 103.262) (103,262 Total expcnditur¢ 103,262) (103.262 Net expenditure (7,339) 7,339) Nel movement in funds (7.339) {7,339) Reconclliation of funds Total funds broughl forward Total fim(Ls ¢arried forward IR7,193 117,193 15 109,854 109,854 All of the charity's activities derive from continuing operations during the above two periods. The lTrind5 breakdown for 2022 is shown in note 15. The notes on pages 14 to 21 form an integral part of thesc financial statements. Page 12
The Round Table Limited (Registration number: 00354802) Balallce Sheet as at 31 December 2023 21)2.3 2022 Note Flxed assets Tangible assets 119 299 Current *ssets DLbiors Cash al bank and in hand 12 28,895 71.660 22.8115 90.954 13 100,555 11.3,759 Creditor5". Amounts (alling due within one year 14 (5.972) (4,204) Net eurrent 4S5Cts 94,583 IUY,555 Net assets 109.854 Funds of the charity: Unre5trl¢ted income fvnrtE UnrLslriLILd funds 94,702 109,854 Total funds 15 94.702 1119.854 For Ili¢ lin&nLldl yLar ¢ndinB 31 DttLLmber 2023 lh¢ charity was LnlitlL¢J i() exempli(Trn from audit und¢T seLlfftvn 477 of thc Comp811i¢s ALt 2006 relating to Stnall companies. Trusiees, re8pon8ibililies.. Thc niembcn hav¢ nol requircd the charily lo obiain an audil of its accounts for Ihc ycar in qucslion in acLordance 'Ith %uclion 47(?: and The liustees acknowledge their rebponsibilities for complying with th¢ r¢qiiirem¢nls of the Act with respect to ¥cLuunting r¢cords and thc preparation of accounts. These account% liave been prepared in accordance with tl)e provisions applicable to companies subject to the Sn[1 LompdniLS fLg7imL. Th¢ fil 2024 ncial statcm¢nts on pages 12 to 21 wer¢ approved by the trust¢¢s. and auth0ri5ed for is5u¢ on 27 June cl signcd on their bchalf by.. obbins Tn15tee DrAI:May Company S¢cret2ry The notcs on pages 14 to 21 forni a)) integral part of these financial statements. Page 13
The Round Table Limited Notes to the Financial Statements for the Year Ended 31 December 2023 I Charity status The Charity is a coMp(Y limit¢d by lara1]tee Eiigland aiid con5L'qLILntly docs not havL shJre capitsl. Each of the trustees is liabl¢ to conu'ibute an atnount not exceeding .£1 toll'ard5 the a88et8 Ot the charity in the event of 1?4LbidJiiun. Thc addrc&s of its rcgistercd officc is., 4 1)Jrk Square Milton Park Abiiigdoll Oxfordshire OX14 4RN These financial statements were auiliorised for issue by Ihe Iruslees on 27 June 2024. 2 ALeounting policies Sumn)4?ry of significant %ccountinR polieic8 and kcy accounting cstimatel TIIL PI'iIILIPÉil IlLLuuiiling' puliLi¢s appliLd in IhL prepiiralion vf thLsL finaJ]Lia] slalLmLnl% ure sct oui bclow. Thcsc policies l)avc bL'cn LonslStLnily appltcd to all thL yuars prLs¢ntcd, unl¢s,s oth¢nvisc ststLd. St#temLnt ofi'ompliance The fiiiaiicial slaleineiit% havi beln prcparLd iii a¢¢ordance with AcLounling aiicl Ruporling by CharitiLs: Sialnim¢nl of Rcroiiiincnded PriicIiLC (applicable lo cl)¢irilies prcparing i13cir accounts in £iCCOI'diince wilh the Fin¢incial Reporting Standilrd pplicable iii ihe UK and Republic of Ireland {FRS 102)) (issued in ()ciober 2019) ICh¢Jl'itlL% SORP { Ei8 102)), th¢ Eiinancial Reporting sn¢jard appli¥JblL in the UK and Republic of Ireland (I-, RS 102) and the Loinpanies ALt 2006. Basis of preparatinn Thc Rouncl Tdblc I,imiled ine¢ls the definition of a public benefit entity under FRS I n2. Aq#ttt% #nd liqhilities unless Othenvise stated in the relevant a¢¢ounting pvIiL-y notLs. ThL trustce.4 ci)nsider that there are no inaterial uncertaintie8 about the ¢h4riry's ability to Continue as a LFoing th** 1 hii lh phqrity. xernption from preparing a cash now statement The charity opted tt> early adopt Bulletin I published on 2 February 2016 and have Iherefore not included a cash Ineome and endowments All Income is recognised once the charity has entitlement to the incorne, it is probable that tlie income will be bly.
The Round Table Limited Notes to the Financial Statements for the Year Ended 31 December 2023 Donali(Jn,s and legocies Donations are recognised when ihe Charity has been notified in writing of both th¢ amount and settlement date. In tlie eveni ihal a donation 18 subject lo conditions ilial requirL a IL'VLI of pcrformdiiLe befoi'e Il)e charily is eiiliiled to the fund5. thL incoinL is deferred and not recognised uttl eitlier (liose conditions are fully mct, or ihe fultilmLiit of tho8L collditioiis 1.% wholly witl)iii the colltrol (If the Lhariry atid it is probublc that those ¢oiiditions will be fulfilled in the reponing period. Legacy gifts arc reLo¥niscd on a case by Lase basis f()Iloiving ihe granling of probate when the adniinistralorlexeculor for the eslale has commiinicaled in writing both the aiiiounl and settleinenl dale. In Ihe event that rhe gift is in the tonn ot an asset other than u Lash or a tinan¥idl a5%L't li'adLd on 41 recognised stock extyhange, recognilion is 8ubjeut to the value ot the gift being rL&iably measurable with a degre¢ uf rLdSonable accuracy and thc litlu to thc d%SCt having bccn tran%f¢rrcd (o IhL Lhurily. Defep7-ed income Incoinc rc¢cived in advance of the provision of a specified service is deferrcd until the criteria for income rLLugiiilii)n . In#l. Iiiiye.slmenl income Tnicrcst on funds hcld on deposit is includcd when rcccivable and th¢ ainvunl can be measured reliably by the charity. this its i)ormtslly upon iiuti fieaiioi) of th¢ iiit¢resl paid or payablc by the bank. Expenditure Li&ibililics are recowiiscil as expendilure as soon as there is a Icgal or eonstrnclive obligalion coinmitling the ¢hdrity tc) thdl LXPLnditure. it 14 probJbl¢ thilt S¢1Mnt will be required and the aniount of thL obligation can b¥ mLusurL'd rLliably. All cxpciiditurc 14 accoiintcd for on an accrual. b,: s. All cxpcnscs lrtcliiding siipport costs and govcrnancc costs rL allo¢ulLd or apportionLII to thL uppliLabl¥ Lxpenditurkn hi&din88. C'hfjrrtfjhle ac'tpiiilies Expci)ditiire on Lhai-itubl¢ activitie5 inLludL the coyls of the ch&rity'% Publi.%hing Activities. the costs of ninlling Confcrcnces and Meeiin85 and other activities undertaken lo further the purposes of the charity and their 41S¥UVi4¥tLd support Losts. Support and guvernanLe e05ts Support co&ts have buLii all()catLd b¢tw¢¢n gov¢rnaiic¢ costs aiid other support LOSt8. CJoveriiaiicL Costs compTiSC all cn81.8 iiivolviiip Ihe PLJI)lic', -i¢¢niJnlability of th¢ charity and its compliance wilh reglilation and good pruclice. The.$e cot51s illclude Losts rL'lutLd lo stululory audil and legal fees togther with ali appoinirnenl of ovcrhead and .8iipport CO8t%. Governancc costs ttnd support costs relating to chAritEkblc activities have been apportioned based on thc number of individual gydnt awards made in recogllition that Ilic adminislralive costs of aiydrding, monilvi. and assessing rtr?MtE 4?l?ni Fiinnnrl pr8ntq t)nsl frTrr2dii2te svholarships are broadly equivalent. Page 15
The Round Table Limited -Notes to the Financial Statements for the Year Ended 31 December 2023 Taxatiun The churity is considered to pass the tests sel out in Paragraph l schedule 6 of the Finance Act 2010 and therefore il Tncets Ilic dLfinilioii of a charitable Loiiipany for UK corporalion tax puryi(I,%es. ALcordingly, the charily 15 poienlially excmpt from taxation in respect of inLoine or Lapital uFain% rcLeived within Ldlegories covered by ChaptLr .3 Part I l of the Corporation Tax Act 2010 or ScLtioll 256 of thL" T41Xation of Chargeable (J¥lin% Act 199? to the extcnl that such income nr gain% are applied exclusivcly lo chorilable purpo%es. Tajiglble llxed #ssetS Indiyidual fixed asset5 CQStiiig £100.00 or Inorc 41rc' iiiitially recorded at cost, less aiiy sub5eqvenl accuTniilated depr¢ciation and subscquent accumulated impainnenl lo.%ses. Depreciatlthn and nmortisatinn DLPI'LLialion is provided on tanb?ible fixcd asscts 50 as lo write oft. Ihe cost or valuation, less any estimated reSidL1 valuc, OVLr their expeLtcd u5¢fi11 cconomic lifc as follow5.. A%s¢t elass C)ffice eqiiipment DepreciAtion mLiihod ind rat¢ 25U/o on cosl Trdi. debtors Trad¢ #nd odier debtors are rcLognised at th¢ settlement aiDounl due after any trade discount offered. Prcpayni¢nls dr¢ valued al IIIC dn)ouiit prcpaid nei ofany IradL disLounls due. C#yh Cash Lqulvalcnt5 Cash (ind Lquival¥nts comprisL Lash on h<)nd dnd Lall d¥posits, and othLI- short-tLrm hig7hly li4uid lliveqlincni% ihai arL rcadily LoiivLrtiblc to a kTJOWli amounl of eash and arc %ubjLLt lo ali in5igynificaiil risk of chcinge iii value. Credltors and provisions Creditors and pruvisions dfL recogni%ed whLrL the ¢harity hay u pi'esent ()bligalion i'esuliiiib froni a past evenl Ihal will probably result in tli¢ trall5fer of lunds lo a third Pdriy and thc dinouiil Llue 117 bLiIIL Ili¢ vbli&Talivn ¢un be mL'asur¢(i or LStinidrcd rlliably. CrcditOTr dl)d proi'isioiis gre no)rmally recogi)ised YT their 5¢ttlenienl atnouilt a11cr allowing for any trade discoiints due. Fund structure UnrestriLled inLome funds are general fijnds that are available for use a£ the trustees discretion in furtherance of thL nbjcciii.'Eb of the Lharity. Restricted funds are fijnds which are to be USLd in accordance with specifiL re8lriclions imposed by Ilie doiiur or trusi deed, or througl) the terms vf an appeal. P24LiC 16
The Round Table Limited Notes to the Financial Statements for the Year Ended 31 December 2023 Financial instruments RecogniÉTon and measuremenl The trust only has basic finanLial SCtS and liabilities of a kind that qualify as basic finunciul instrurncnts. All financial assets and liabiliti¢s ar¢ initially measured ar transaction price (including transaction costs), ¢xcept for thosc financial asscls classificd as at fair value ilirougli profit or loss, which are inicially measiii'ed ai fair valuc (whiLh ]% norinally thc tranqaclion piice exclLI(liiibr tt'ansaclioii Losl%l, unless the aiTangemeni LonslilLiles a rinancinL) tl'dll%aLli()n. If an arrangemenl coi)slitiite.% linanLingy tr<insaLtion. tlie finaiiLial asset or financial liubility is mLasiircd dt th¢ present value of the fvture payments discounted at a marker rate of interest for a siniilar debt inslrunienl. Financial assets and liubiliti¢s arc only otrsel in the stulement of financial position when. and only when there Lxi¥ly a Icgally unlorLcabl¥ riuFhi tl) set OIT thL reLognised amouiiis and thc charity inleiids either to 5eitlc on a nei basis, or to realise the asset cind setile the liclbilily siiiiuluineously. FinanLidl a.%scl% are derec011S.Ld when and oiily when a) Ihe colltraciual righis lo ihe cash tlows froin ihe rinkinLial asset expirL' or arL SLiIIL'd. b) thL chai'ily transfers 10 1É noihcr Pclrty substantially ¢111 of the risks and rewards ot owiicrship of the finaiicial assLt, or cl tl)¥ Lhdrity, d¢spil¢ liavin¥ r¢tain¢d svm¢. but nut all, 8igniticant risks ajid r¢wgrdb ut OWllL'rship, ha5 transtei-red Lontrol ot the Jsset to aIiothei' party. Financial liabilities arL dLI'cLogni.4¢d only whei) IIIL (Ihligiulj(Trn %pe¥ified in Ilie c(Inli'dLt is discharged, LunLelled or Lxpircs. 3 Income from donations and lega¢les UnrLslricted funds General Tntal funds Mcmbership 8nd dinnLr fL¢S 5120 820 Total for 2023 820 820 4 Ineome froni charltable #ctivities Unrestricted futtds Geiheral Total funds Publishing activities CunferenLL and meetings 93,224 2,285 93,224 2,285 Total for 2023 95.509 95,509 Total t'or 2U22 79.915 79,915 Pagre 17
The Round Table Limited Notes to the Financial Statements for the Year Ended 31 December 2023 5 Investment income Unrestrieted funds General TotAI funds IntLrest reLiivablc and similar inLome' liilei'est reLeivable on b¢uik d¢p()silb' 1.283 1,283 Tot41 for 2023 1,283 1283 Total for 2U22 95 95 6 Expenditure on eharitAble Aclivitles UnrLSStricted Geiier*l 2U23 2022 Note Publishing aitii-itics Cunf¥i'¢nLL alld mLeliiigs PriLe8 (iovernancc GusLs 63,893 35,544 63,893 35,544 9,1153 4.274 68.018 15.4L)6 18.060 1.688 4.274 112,71)4 112,764 103,2C)2 'I'fital expeiidilur Conferences and meetlngs Publishing etlvltles Tthtal 2023 Total 2022 Prlie¥ Edilvrial honoraria Editorial expen8e.s Mccliiigs Pri/.e% aiid students'hips Website costs Website h()norarid Support LOSt4 Depreciation Governance costs 28,000 10.881 28,000 10,881 31.527 9,0$3 995 20,000 7,854 180 4.274 28,000 15,168 9,014 18.060 1,762 20.000 9,390 180 1.688 31.527 9,053 995 20,000 3.927 90 2,137 3.927 90 2.137 66,030 37,681 9,053 112,764 103,262 Page 18
The Round Table Limited Iyotes to the Financial Statements for the Year Ended 31 December 2023 7 Anglysis of goverThanee and support costs Support LU5ts #lltsLa¢ed to charitable activities Other support cost5 Cyovernanee CU5t5 TotAI 2023 Total 2U22 Basis i)f allocMtiDn Usage Tiinc spent Other expenses Secretarial lionoraria Independent examinLr's remuneration 2,674 600 2.454 5,400 5,128 6.000 4.077 6,000 1.000 1,000 1,000 4,274 7,854 12.128 11.077 Support costs alloeAted to other expendlture Other support Total 202.1 21122 PLibli8hingy aLlivilies Conferences and Ineelings 3.927 3.927 3.927 3,927 2.998 6,3()2 7.8.$4 9,-390 8 Tru8tÈes remuncratSon And expense5 No IrLisle¢s. nor any persons conneclcd with Ihcm, have received any remuncr¢i1ion from th¢ ¢harity during the yLtIi'. No inislees have received any reimbursed expenses or any oih¢T benefils from tlie cliaTily during tlie year. 9 Independent examiner s remuneratlon 2023 2022 Examiiiation ot the fin8neial .gtstcments 1.000 1,000 10 T*xatinn The charity is a regislered charily and is therefore exernpt from taxation. Page 19
The Round Table Limited Notes to the Financi21 Statements for the Year F.nded 31 December 2023 I l Tangible red assets Furnlture aiid tqulpment Tolal Cost At l January 2023 719 719 Ai 31 December 2023 719 719 Deprcciatifrn Al l Jiiiiuary 2023 Chdrgyc for thc yLar 420 180 180 Ai 31 Dcccmber 2023 6t)0 60V et book value Al 31 Dccember 2021 119 At 31 DLLLmber 2022 299 12 Debtors 21)2.1 2(b22 TradL' dL'I?tors PrL'paymLnl$ Accrued income 17,724 2,851 8,.120 16.250 6,555 28,895 22.805 13 Ca¥h and cash equivalents 21123 2022 C.'ash at bank 71,660 90,954 14 Creditor5: amounts falling due within one year 2023 2U22 VAT grant repayable Accrllals Def¢ed income (80) 4.052 2,000 (100) 2.304 2.000 5.97? 4.204 Pagc 20
The Round Table Limited Notes to the Financial Statements for the Year Ended 31 December 21123 15 lld$ BalaDce at 31 Decevnber 2023 Balance ai I Januar.1' 2023 Iniominx resources ResourLeY expendcd Unr¢strlct¥d funds General IU9.854 97,612 (112.764) 94,702 B#lance at 31 December BAlgnce at I January 2022 Incoming rL'soufLL ResTriirces expi'nded 2022 Unrestricted funds General 117.191 95.92.1 (103,262) 109.854 10 Analysis of net llysihts between funds Unrestricted lunds General Totgl funds at 31 DecL'mber 202.3 Taiigible fixcd a55¢ts Ciirrcnt asscls Currcnt liabilili¢s 119 IIJO,555 (3,9721 100,555 (3,972) Total nel assets 96.702 96,7U2 Unreytriited fun(Is General Total fund¥ nt 31 Delember 2022 Tangiblc fixcd a8scls Cli¢t ae[S Current liabilities 299 L13,759 12,2114) 299 113,759 12,2041 Tolal net assets 111,854 111,854 Page21