##
|||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|
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|||||||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|mfit and lo|account|2022|2021|
|---|---|---|---|---|---|---|
|Turnover|||||460,667|431,994|
|Cost ofsales|||||(460,527)|(431,912)|
|Administrative|expenses||||(140)|(82)|
|Bank interest|||||||
|Donations
to|holding|company|||||