2022-12-31-accounts - Institute For Public Policy Research

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		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	13
Statement ofFinancial Activities		14
Balance Sheet		15
Consolidated Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements	19	to	29

						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	fund	funds I	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies			2	2,911,907	479,596	3,391,503	2,713,766
Charitable activities
Charitable activities				36,587		36,587	24,712
Investment income Other income			3	1,882		1,882	40 ~2547
Total				2950376	479506	3429972	2741065
EXPENDITURE ON
Charitable activities
Support Costs				9,289		9,289	8,787
Research and dissemination		on social, political
and economic issues				2936889	479596	3416485	2719190
Total				2946178	479596	3425774	2727977
NET INCOME				4,198		4,198	13,088
RECONCILIATION	OF FUNDS
Total funds bmught forward				1,082,101		1,082,101	1,069,013
'TOTAL FUNDS CARRIED FORWARD				1,086,299		~1086299	~1082101

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes			f
FIXEDASSETS
Investments	10	100		100	100
CURRENT ASSETS
Debtors	11	896,011		896,011	936,912
Cash at bank and in hand		1,116,380		1,116,380	~976456
		2,012,391		2,012,391	1,913,368
CREDITORS
Amounts falling due within one year	12	(926,192)		(926,192)	(831,367)
NET CURRENT ASSETS		I 1186199		~1086199	~1082001
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,086,299		1,086,299	1,082,101
NKT ASSETS		1,086,299		1086299	10821DI
FUNDS
Unrestricted funds				~1086,299	1,082,101
TOTAL FUNDS				ID86299	1082,101

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
CURRENT ASSETS
Debtors	11	683,299		683,299	582,370
Cash at bank and in hand		1,437,555		1,437,555	135358-
		2,120,854		2,120,854	1,935,552
CREDITORS
Amounts falling due within one year	12	(1,034,555)		(1,034,555)	(853,451)
NET CURRENT ASSETS		~1086299		~1086299	1082 001
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,086,299		1,086,299	1,082,101
NET ASSETS		1,086,299		1,086,299	1,082,101
FUNDS
Unrestricted funds				1,086,299	~1082,101
TOTALFUNDS				1,086,299	1,082,101

				Notes	2022I	2021
Cash flows from operating activities Cash generated &om operations				1	82491	~141006)
Net cash provided by/(used	in)	operating		activities	82491	1141006)
Cash flows from investing Interest received	activities				~1882	40
Net cash provided by investing		activities			1,882	40
Change in cash and cash equivalents			in
the reporting period					84,373	(140,966)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				1353 182	1 494 148
Cash and cash equivalents	at	the end	of
the reporting period					1435 555	1,353 182

RECONCILIATION	RECONCILIATION	OF NET INCOME TO iVET CASH FLOW FROM	OF NET INCOME TO iVET CASH FLOW FROM	OPERATING
ACTIVITIES
				2022	2021
				f.
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				4,198	13,088
Adjustments for:
Interest received				(1,882)	(40)
Decrease/(increase)	in	debtors		(100,929)	(73,202)
Increase/(decrease)	in	creditors		181,104	~80,852)
Net cash provided	by/(used		in) operaiions	82,491	(141,006)

ANALYSIS OFCHANGES IN NET F	UNDS
	At 1/1/22	Cash flow	At 31/12/22
			f,
Net cash
Cash at bank	1353182	84373	1437,555
	1353182	84373	1437555
Total	1353182	84373	1437555

DONATIONS AND	L	E	GACIE	S
							2022	2021
							g
Donations							2,780,969	2,175,926
Activities for generating			fund				610,534	537 840
							3,391,503	2,713,766
Included in the above were:
							2022	2021
							f	f
Received during the year
AbbVie Ltd							40,000	50,000
Abdn Financial Fairness			Trust				70,000	16,000
Alex Ferry Foundation							7,500	17,000
Alzheimer's Society							30,000
AstraZeneca UK Ltd							100,000	105,000
Aviva							9,500
Bamardo's							38,450
Bamsley Metropolitan		Borough		Council			9,500	29,500
Barrow Cadbury Trust							33,000
BBC								15,000
Big Change Charitable		Trust					55,500	56,500
BMS Pharmaceuticals			Ltd				140,000	100,000
Bristol Council							24,500
British Association for		Counselling			and Psychotherapy		4,500
Bridsh Heart Foundation							19,500
British Private Equity	and Venture				Capital	Association	14,500	14,500
Cambridgeshire &Peterborough				Combined		Authority		26,580
Centre for Local Economic Strategies							6,000
Centre for Ageing Better								20,000
Centre for Hoinelessness			Impact					15,000
CIPD								2,500
City and Guilds							10,000
City ofGlasgow College								30,000
City ofLondon Corporation
Clean Air Fund							41,500
College Development	Network							10,000

DONATIONS AND LEGACIES - continued	DONATIONS AND LEGACIES - continued	DONATIONS AND LEGACIES - continued	DONATIONS AND LEGACIES - continued
Coavention ofScottish Local Authorities				26,464
Comwall Council					12,250
Crisis UK					1,200
CVC				15,000
Economic Change Unit				8,333
EDF Energy Ltd				23,500
Electoral Reform Society				9,883	12,260
Eli Lilly &Company Ltd					32,000
Engage Britain				7,500
Equality &Human Rights Commission					3,500
Esrnee Fairbaim Foundation					100,000
European Climate Foundation				290,245	29,025
Fair Housing Futures				29,729
Fairer Share				9,000
Fairer Tax Campaign CIC					48,700
Federation ofMaster Builders				19,700
Federation ofSmall Businesses				6,000
Fondadon Nationale des Sciences Politiques				3,809
Friedrich Ebert Stiftung - London				23,337	10,000
Friends Provident Foundation				23,000
Gatsby Foundation				65,500
Gilead Sciences				50,000	70,000
GlaxoSmithKline				30,000	70,000
Google				8,000	8,000
Greater London Authority				39,965	64,947
Health Foundation				26,013
Heriot-Watt University					17,263
Hewlett Foundation				203,089
Impact on Urban Health				41,250
Imperial College London				20,000	45,000
Institute and Faculty ofActuaries				16,000
Janssen				45,000	10,000
John Wiley &Sons Limited				25,964	21,812
Joseph Rowntree Charitable		Trust		11,250	45,000
Joseph Rowntree Foundation				30,550	18,900
Joseph Rowntree Reform	Trust			48,750	16,250
JP Morgan Chase Foundation					320,259
Justice Together				120,865	50,736
KPMG				23,500	14,500
Laudes Foundation				409,996	54,998
Leeds University				4,792
Liberty charge (IM)				7,000
Lloyds Bank Foundation	for	England	and Wales	13,000
Lloyds Banking Group					36,450
Local Trust					16,050
London School ofEconomics and Political Science					3,000
Manchester Metropolitan	University			14,675	20,425
Microsoft					31,250
Mitigation Yorkshire				71,189	66,397
Millfield House Foundation				45,300	42,000
Nadonal Grid				9,000	9,000
Nationwide Foundation					9,000
NEON				14,215

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	- con	tinued
Net Zero Carbon Campaign						25,000
New Economics Foundation					19,400	18,500
New Market Strategy					3,340
NOCN					8,000
North West Employers					9,300
Northern Powerhouse	11				23,525
Obesity Health Alliance					4,500
Omega, Oak foundation					21,750
Onward					750
Paul Hamlyn Foundation					60,000
Pool Fund on International		Energy				30,145
Post Office						16,000
Power to Change					85,166	14,000
Public Interest News	Foundation				750
RESET					5,000
Resolution Foundation					20,050	18,900
Robert H N Ho Family Foundation			Global		55,009
Robertson Trust					15,125
Rockefeller Philanthropy		Advisors			88,285
Royal College ofMidwives					10,000
Sanofi					58,500
Santander					9,000	48,500
Save the Children					45,000
Save the Children Scotland					16,667
Scotland's Centre for	Regional Inclusive			Growth		11,000
Scottish Government					31,500	3,250
Scottish Policy Foundation						7,500
Scottish Power					39,789	59,577
Siemens Healthineers					20,000	20,000
Social Enterprise UK						10,000
Solicitors Regulation	Authority				9,000	9,000
Spiritof2012					8,332
SSE					9,000	9,000
Stonewater					12,000
STUC						4,000
Sustrans Scotland					37,500
Takeda UK Ltd					30,000
Tate &Lyle						8,000
The Blagrave Trust						24,300
The Joffe Charitable	Trust					16,950
The John Ellerman Foundation						30,000
The Legal Education	Foundation				17,500	26,250
The Legatum Institute	Foundation				19,400	18,700
The NP11 (Northern	Powerhouse		11)			98,577
Tideway - 13azalgette	Tunnel Ltd					4,000
Trevor Chinn					20,000
Trussell Trust Scotland					23,333
Trust for London					74,000
Uber					5,000	17,000
UK Finance						9,000
UK in a Changing Europe					4,500
Unbound Philanthropy					60,000
United Kingdom Council		for Psychotherapy			4,500
University College London					96,808	3,000

DONATIONS AND LE	GACIES	- con	tinued
University ofStrathclyde				20,400	18,700
Unlock Democracy				378
V.Kann Rasmussen Foundation				121/57	150,538
Youth Endowment Foundation					50,300
Youth Futures Foundation	Irdrastructure		Fund	~101 93
				219	2~2439
Deferred to 2023
AbbVie Ltd				40,000	50,000
Big Change Charitable Trust				7,000
BMS Pharmaceuticals Ltd				40,000
City and Guilds				10,000
European Climate Foundation				39,514	3,000
Gatsby Foundation				8,054
Gilead Sciences					14,000
Glaxo SmitbKline					70,000
Greater London Authority					59,947
Hewlett Foundation				72,217
Janssen Shopland Jones					10,000
Joseph Rowntree Reform	Trust				6,250
Joseph Rowntree Foundation				17,500	6,367
JPMorgan Chase Foundation					130,000
Lloyds Banking Group					9,000
Laudes Foundation					49,000
Manchester Metropolitan	University			2,500
Millfield House Foundation				42,000	42,000
The NP11 (Northern Powerhouse		11)			17,478
Omega, Oak foundation				21,750
Paul Hmnlyn Foundation				20,000
Resolution Foundation				7,000	6,367
Robert H N Ho Family Foundation		Global		55,009
Rockefeller Philanthropy	Advisors			83,285
Royal College ofMidwives				10,000
Stonewater				9,000
Trust for London				37,000
Uber B.V.				3,000
Unbound Philanthropy				25,000
University College London				47,850
University ofStrathclyde				14,400	9,350
V.Kann Rasmussen Foundation				121 158	100000
				733237	582 759

3.	INVESTMENT INCO	ME
					2022	2021
	Deposit account interest				1,882	40
4.	INCOME FROM CHARITABLE ACTIVITIES
					2022	2021
			Activity			g
	Sale publications		Charitable	activities	25,991	21,812
	Honoraria k sundry		Charitable	activities	10,596	2,900
					36,587	24,712
5.	CHARITABLE ACTIVITIES COSTS
					2022	2021I
	Support Costs Research and dissemination		on social, political and economic issues		9,289	8,787 2~11
					3425 774
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is	stated aQer charging/(crediting):
					2022	2021
	Auditor's remuneration	- Audit services			6,399	6,005
	Auditor's remuneration	-Non Audit services			2,750	2,700

STAFFCOSTS
				2022	2021
					8
Wages and Salaries				1,843,950	1,583,018
Social Security costs Pension costs				207,399 209653	167,807 ~11
				2~210 2	19922 14
The average monthly	number ofemployees	during	the year was as follows:
				2022	2021
Research				29	24
External Affairs				9	12
Operations				8	7
				46	43

The num	ber ofemployees whose employee benefits	(excluding employer pension costs) exceeded	I60,000w
		2022	2021
f60,001	- $70,000	4	2
870,001	- f80,000	1
f90,001	- f100,000	1

COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
			f	f,
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	2,663,228	50,538	2,713,766
Charitable	activities
Charitable	activities	24,712		24,712
Investment	income	40		40
Other income		2,547		2547
Total		2690527	50538	2741065

				Unrestricted	Restricted	Total
				fund	funds	funds
	EXPENDITURE ON
	Charitable activities
	Support Costs			8,787		8,787
	Research and dissemination		on social,
	political and economic	issues		2,668,652	50,538	2,719,190
	Total			2,677,439	56 538	2 727 977
	NET INCOME			13,088		13,088
	RECONCILIATION	OF FUNDS
	Total funds brought forward			1,069,013		1,069,013
	TOTAL FUNDS CARRIED FORWARD			1 082 101		1,082,101
10.	FIXEDASSETINVESTMENTS
						Shares in
						group
						undertakings
						f.
	MARKET VALUE
	At 1 January 2022 and	31December 2022				100
	NKT BOOKVALUE
	At 31December 2022					100
	At 31December 2021					100

DEBTORS:	AMOUNTS FAL	LING DUE WITHIN	ONK YEAR
		Group	Company	Group	Company
		2022	2022	2021	2021
				E
Trade debtors		584,432	510,538	452,938	426,223
Amounts owed by group undertakings			325,856		468,755
Other debtors		52,267	10,017	89,018	1,520
Prepayments	and	46 600	46600	40414	40414
accrued income		~29		582 370	936912

	Group	Company	Group	Company
	2022	2022	2021	2021
Trade creditors	99,930	99,930	81,045	81,045
Social security and other taxes	59,777	59,777	47,312	47,312
VAT	108,870	108,870	118,734	118,734
Other creditors	18,388	18,388	14,101	14,101
Accruals and deferred income	747 590	639227 2 12	592259 ~41	570 175

			2022	2021
Within one year			36,561	109,610
Between one and five years			1,342	37,903
			37,903	147,513
MOVEMENT IN FUNDS
			Net
			movement	At
		At 1/1/22	in funds	31/12/22
Unrestricted funds
General fund		1,082,101	4,198	1,086,299
TOTAL FUNDS		1,082,101	4,198	~1,086299
Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		2,950,3776	(2,946,178)	4,198
Restricted funds
Barrow Cadbury Trust		33,000	(33,000)
European Climate Foundation		250,731	(250,731)
Justice Together Collaboration		120,865	(120,865)
Paul Hamlyn Foundation Unbound Philanthropy		40,000 35,000	(40,000) ~35,999)
		479 596	~479,596)
TOTAL FUNDS		3,429,972	~3,425,774)	4,198

					Net
					movement	At
				At 1/1/21	in funds	31/12/21
				f	6	f
Unrestricted	funds
General fund				1,069,013	13,088	1,082,101
TOTAL FUNDS				1,069,013	~13088	~1082 101
Comparative	net movement		in funds, included	in the above are as follows:
				Incoming	Resources	lvlovement
				resources	expended	in funds
					8	8
Unrestricted	funds
General fund				2,639,989	(2,626,901)	13,088
Restricted funds
VKann Rasmussen		Foundation		50,538	(50,538)
TOTAL FUNDS				2,690,327	~26774397	33088

IPPR Tradin	Ltd -	Surnm	2022	2021
Turnover			460,667	431,994
Cost ofsales			(460,527)	(431,912)
Administrative	expenses		(140)	(82)
Bank interest
Donations to	holding	company