REGISTERED COMPANY NUKBER: 02292601 IEngl¥nd and Wales)
REGISTERED CIL4RITY NUMBER {ENGLAND AIYD WALES): 800065
RECISTERED CHARITY NUMBER (SCOTLAND): SC046557
REPORT OF THE TRUSTEES AIYD
COP4SOIJDAT£D FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 20L
FOR
INSTITUTE FOR PUBLIC POLICY RLSEARCH
A COMPANY LIMITED BY GUARANTEE
Charlot House Limited
Chartered ACCOUnL￿ts and Statutory Auditor
44 Grand Paradc
BTightim
BTr12 9QA

INSTITUTE FOR PUBLIC POLECY RESEARCH
CONTENTS OF THE FINAF4CIAL STAT
MENTS
FOR THE YEAR ENDED 31STDECEMBER 2023
Pag¢
Report of the TrnstttS
I to 10
Report of the Independenl Auditor8
11 to 14
Slatement of Finaocial Activlties
15
Balan¢¢ Sheet
16
Consolldated Balance Sheet
17
Cash Flow Slalement
18
Notes to the Cash Flow Ststem¢Dt
19
Notes to the FiDall¢ial Ststements
20 to 34

INSTrruTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 21)23
The lrnstees who are also directors of the charity for the purposes of the Cotnpanies Act 2006. present thcir reF￿rt with th¢
consolidated financial statements of the chaTity and its subsid1￿Y for the year ended 3 1st December 2023. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
barities p￿paking their accounts in accordance with the Fllwcial Reporting Standard 4)plicable in the UK and Republic of
trelaThd (FRS 102) (effective l January 20] 9).
OKIECTIVES AND ACTIvrrIES
Objectives and aims
The Cbarktys object is to contribute to publi¢ understanding of social, economic and political questions through research,
discussion and publicatiun. At any tim¢ there are many such questions and the Institute has to select those which are most
urgenL most important, most susceptible to resolution and to which its own cornpetencies are relev8nt. To 50rne extenL
urgency is detsnnined by the politics of the d&y" those issues which are prominent in public debate, and for which public
policy action is likely at some fijture poinL are the on¢$ where th¢ public has the most UTgent need to be iDfornied. As part
of this process IPPR develops and disseminates policy ideas.
In 2015 the Charity amended its charitsbIe objects in order to ensure they are fit for purpose with regard to current and
future activities.
The Charity Commission provided their forn]al con8¢nt to these changes on 24th August 2015. and the trvstees passed a
written resolution adopting the new objects on 14th September 2015. The revised objects are set out below:
The CharIt￿S objects are..
a) to promote research into (and tbe publication of the useful results th¢r¢oO and the education of the public in thB
economic, socia] and political sciences and in scienee and teclmology. the volunw sector and social entaprise. public
services, and industy and commerce;
b) to advance the volunt&ry sector and the efficiency of public services which serve (or further) 8 ch8rit&ble ptyse"
c) to advance physical and mental health.
d) to relieve povety, unemploymenl or those in need by reason of Yout￿ 8g4 ill-heald4 disability, fjnancial hardship or
other disadvantsge:
e) to advanc¢ environmentsl protection or improvement and sustainable developmcnt:
fj to advance the arts. cultur¢, heritage or SCAence" and
g) lo advauce suth other exclusively d]aritsble purposes as the Trustees in their absolute discretion detern)ine.
Throughout these Memorandum and Articles of Association a'charitable puTW￿¢, is a purpose that is reg￿led as charitable
under th¢ laws of every part of the United Kingdo￿ and the terni '¢haritable' is to be interpreted in accordanc£ with the
Jaws of evry part of the United Kingdom.
Sustainable development means 'development that meets the needs of the present without compromising the abilty of future
generations to Jneet their own neods,.
Page I

INSTITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTERS
FOR THE YEAR ENDED 31ST DECEMBER 2023
OWECTIVES AND ACTIVITIES
PRINCIPAL ACTIVITIES, ACHIEVEMENIS AND PERFORMANCE (JAN 2023 - AUG 2024)
In ?0?3, IPPR grew %tnd developed several major programmes, while also responding to a rapidly changing economic and
polilical context to provide insight into publi¢ poli¢y issues, and workable policy idea5 for dealing with m&jor issues.
The IPPR te￿nS have used our theory of ¢hattge to make some bold policy ideas common sense realities, with a particular
focus on ￿0]lornIc and environmenfal justice. We developed and implemented a framework for pushing progressive policy
into the mainstream medii publi¢ debate, and onto the political landscape.
Today, our woi'k thives social, democrati¢, environm¢ntsl and economic progress by aiining to secure:
- well-funded and refonned public services ￿ealth, care, housing, education) and social security that ¢nsur¢5 ¢veryone has
acLess tTh the basics they need to flourish
- u renewed democrncy which giv¢s everyone a voic¢ in society and passes pow¢r down to people, pLaces. and commui)ities,
alongside a tair and compassionate immigratlOD System which supports social inTegration
a modm green economy that deliver5 prosperity and justice to all people and places by actively shaping markets for
social g￿1 and tsckling conLentrations of wealth and power.
We continue to deepen our comtnittncnt to equality, diversity and in¢lusion, through our stafi-led Racial Justice Working
C7roup (RJWG) and ED&1 sub-committee. In 20234 th¢ RJWG developed a laDguage guidc for lalking about racial justice
anti•racism at IPPII and we held training on recruiting for potentiaI rather than existing skills. One of our trnstees.
Becca Bunce, worked with stsff to ihink about bow we talk about and analyse disability in our research.
In early 2023, we received the very sad news rhat our Chair of Trusrees, Jess Search. had been diagnosed with cancer. She
subs¢quently and soon after this news, passed away. Her loss was felt deeply by the whole organisatioii. Kirsry McNeill was
ejected by trustees &s interim Chair. After a recrutttnenr prwess in Q4 2023, w¢ were delighted to ann0￿ce Vi¢tor
Adebowale as our new chair at the start of 2024. Vicror has led numerous organisations influencing policy, prnmpting new
thinking and delivering social rhange in the UK.
KEY ACryIVITIES AND ACHIEVEMENTS IN JAN 2023- AUG 2024
l) Commtssfiun on Health and Prusperity
In 2023. our Commission on Health and Prosperity, ¢bair¢d by Dame Sauy Davies and Lord Darzi, boldly evidenced that
both national and individual prosperity are hinged on our national and individuat health. Covering NHS waiting the
impact of health on the econoniy, and the NHS ond sociaI care, our interim r¢ports shifted the debate on health, to focus on
the economic contributioll of good hea]th, with the now S￿retary of State for Health and Social Care Wes Streeting, stating
that "the depaTtment of health is now an economic mitiistry.. We secured policy wins, including headline NHS policy ai the
?023 Labour party conference, and the Lib Dems social care policy committing to free personal c&re.
2) Green Industrial Poll¢y And Seeuronomlcs
Our research has elaborated on the tapic of secLLronomics. We have pion¢¢red economic policy research in this area in th¢
UK, setting out new appro8chex for Tndustrial stra*gyi mission-led governance, and partnership between the publi¢ and
private seciors. We have furthL'r parn]ered with international actOTS and think-ranks to host a series of events and discussions
on Ihese iopics. lllcluding briet-ll￿8 on 'Bide]iomics' and the Inflation Redu¢tion Act with Todd Tucker of Roosevelt
Institute. and a one-day conferLnce on Inflation. l)rofiL8 and Power with Esabella Weber of UMassAmherst. In 2023 we
devoted a whole issiie of our in-house joiui)al Progressive Revhew to the topi¢ of inodern supply side economics with pieces
by {th¢n Shadow) Chanc¢llor Rachel Reeves, ex-Bu5iness Secretsry Greg Clrt and other important voices on the topi¢.
Page 2

INSTITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
OWECTIVES AND ACTtVlTtES
3) Macroeconomic spending? taxation and spending
In 2023. we SuG¢eS$fi￿IY brought our altmiative inflation control strategies into the mainstream, with our research
highlighting corpordte profits as a key driver of inflation. Our proposal to Use energy priLe interventions for inflation
stabilisatiott was endorsed by the lTrdFs Chief Economist. We used that meeting to advocate for rnOTe expansionary
macroeconomic policies, including increased public investmellt aod improved fiscal rules. We are an iDflucDtial voice in the
area of tax refonn and government spending. We have continued our work on using t&x not just to raise revenuc but &8 a
means of shaping our econorny and building a fairer society- We have deepened our research into t&ues on incorne from
wealth. extfflded our research on co￿orate taxation proposing a share buy-back t&x which was later adopted by thc LIknl
Democrats in theiT 2024 election manifesto, and undertaken Tesearcb onlonivproperty tsxation. Beyond our extensive policy
r&8earch and economic analysis we have convened wups of advocates for tax refonn and engaged closely witb journalists
and media to understand how to frdme tsxation. We have used our research expertise to analyse department￿ day-to-day
spending plans in are&5 as diverse as the NHS and asylum accommodation. and undertaken extensive research into the low
levels of capital investment (both public and private) in the UK economy.
OBJEcfivES AND ACHIEVEMENTS JAN 20tsAUG 2024
IPPR North
In 2023, we played a pivotsl role in elevating devolution to the mainstream political debate, focusing our research and
advo¢a¢y on regional ￿OWth, devolving power, and local democracy, Our annual "State of the North" report gain
widespread media attention and highlighted Continued and ￿QWing regional divides in the UK.
We piloted new regional projects, including work with Wigan Council aimed at improving public services during austerity,
and hope to expand sitnilar initiatives aross the UL This ¢ffort nwked a strategic sbift from being a think ta[￿ 'of the
North" to one 'in the Notth," aiming to brthlets our regional impact a¢ross the UK and create relationsbips with local
government.
Our "Parallel Lives. report, released later io 2023, higljlighted regional inequality as a key challenge for the Dext
government and ¢hampioned the voices of ¢it]￿n$ from a￿8$ the UK in its research and analysis.
Celebrating IPPR North's 20th anniversary in 2024. we continue to push for regional equ￿lty, culminating n)ost recently in
a commission by UK Mayor& for IPPR to explore a collaborative Metro Mayor agenda for levelling-up and devolutio
IPPR Scottand
In a tumultuous year for Scottish politics, we continued to fiercely advocate for investment in anti-poverty measure
pushing our solvtions into the mainstream political debate. Our collaboration with JRF and Save the Children for our
"Tipping the Scales" report. etnphasised the significant costs of povety on individuals, public seTvices and the economy 8nd
gained significant media attention and positive feedb￿k from both the govenjment and opposition parties.
lkning the Scottish leadership race we worked Teactively. conductillg analysis on increasing the Scottish Child PaymeDI and
intr(xlucing a new incorne band to support this - in direct rest￿5e to the ongoing paty debates on this issue.
Our pioneering work on a fair transition to clean heat in Scotland was finalized at the start of 2024, impacting discussions
with the Scottish Govemmcnt and COSLA. At present, our ongoing involvement in tbe Scottish Government's Expert
GTOUP on Minimurn Income Guardntee is ¢xpected to shape policy for the 2026 election.
Economy and Envlronment
At the start of 2023, we merged our economy and environment team4 to focus on achieving a long-ternj shift ID the
e¢onomic aud environmentsl mainstrvam (SEEM). Identifying gre￿ industrial strategy as a k¢y SEEM programme of WOT
we have tirelessly pointed to the genuine opportsmity that net wo trau$ition offers, presenting a clear long terni and robust
industrial strategy. Our Manufacturing Matters reporL launched in May 2024, makes the c&8¢ for building green
manufactirAng in the UK and put forward a framework for how to make Choices about which capabilities we most ne
The re]x)rt wa5 shared widely across Whitehall.
Page 3

IN8TITUI'E FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THF. YLAR ENDED 31sr DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Throughout 2023 our second prngramme of SEEM work on traA4)ort used repJrting and analysis to consistently advocate
for a people fo¢us¢d pathway to fairer and greener transp)rt, and has ¢hawpioned ¢ivi¢ voices across the UL fighting io
keep their transpon services green and local. More recentty in April 2024, w¢ relea￿ some polling work with More In
Common on changing publlc attitydes to transport, bighlighling widespread support for public transport, and calling for an
end to the ￿ar on molorists, culture-war rh¢toric.
We raised our voice on macroeconomics in 2023 and we continue expanding our JnacTO prowmc of work, with a focus
on achieving a more pro-gi'owth fiscal framework in the UK. Our core objective is to show ways in whith the goven)ment
could boirow io invest rn0￿ wbile at the same time boosting growth and improving fiscal sustsinability.
We have c()ntinued to influence on tax reforn. focusing on raising revenue whil¢ also shaping the economy and prom4)ting
fairness. Expanding our resvdrch on wealth taxe¥ we proposed a share buy-back tax (8dopted by the Liberal Democrdts, in
2024).
Work alld welfare stste
In 2023. we laid the foundations for an ambitious new progrdmme of research and engag¢m¢nt to improv¢ public Services
&cr055 the county. In the alltull￿ aheAd of the Labour conference, we set out a bold blueprint lor Inission-led, public
services - with preventio￿ personalisaiion and produaivity key to delivering a smarter state. Recommendations from this
work, such as the creation of mission councils. have already been adopted and put in place by th¢ new Labour government.
Our Commission on Health and Prosperity's core position - that econon]ic prosperity hinges on creating and supportitig
u(Kl health
was in￿e&S1ngIY adopted by political parties in 2023 and was recognis¢d by ihe Office for Budg¢t
Responsibilitv in foretrdsts accompanying the autull￿ statement.? We continue to release interim reports under the
C4)mtllission for Health and Prosperity and ourlined the case for a new Health and Prosperity Act nlodelled on the Climale
Change Act 2008. which garnered sector-wide elldorsem¢nts" and media ¢ov¢rdg¢. T
In the sutnn)¢r of 2023, we published a report settirlg out an ambitious blueprillt for progressive employment support, as
P8rt ot.oiir PiL8h to reforni social yecurily, wid in r¢sponse to a sharp rise in the us¢ of sanctions and ongoing skill and labour
shoTiages. W¢ also co-dev¢loped proposals for social security refonn with families living on a low income, which has been
welcomed by stakeholders across the anti-poverty sector.
Our education programme continues to develop a transfoTm&tive pian for refoTrnS to the UK'S schools system, involving
Co-design with young people and in-depth engag¢Jnent with policymakers. Most wently. we ar¢ tackling avoidable school
exclusioDS, via the 'Who's losing learning., coalition including The Difference. Impetus and Mission 44.
Migrution and Trade
We have continued to advocate for and mainstream our solution5 for a ¢ompassionate and fair system for people in the
nunigration and asylum sys*m, througb new research and collaboration with people with lived experience. Our rcsearch on
the detrimental inip<lCts of the 10-year route to settlement for migrants, drawing on the exp¢rienGe of 300 people, made a
number of recomm¢ndations for ref[￿Ming th¢ system, including shortening the route and introducing a fee waiver t.or
settlement applications.
We launched our migration and intetsrdtion policy uniL including an advisory group made up of people with lived and l¢amt
experience of the immigration system, who will help guide the process for setting our prioriiies into 2024.
In the autumn of 2023. we respond¢d to the rise in small boats crossing the Channel and the government's Rwanda policy,
with a credible, human¢ and d¢liverable 3-point plan. We presented the proposals to Home Office officials and academics at
th¢ first UK-France Channel Sea Crossing Forum at the UK Embassy in Paris.
Page 4

tNSTITUTE FORPUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER2023
ORJECTIVES AND ACTIVITIES
In early 2024, we publisheAI new analysis on the &8ylum backlog and th¢ costs of the Rwanda plan. which secured
widespread media ¢overage. Our phrase bern￿-back1￿ gained iDcre&siDg traction - it was used rnulfiple times by Keir
Starnier And fe&tured in Laboues manifesto.
Democracy
In 2023, our growing democracy progrdmme published a report?examining inequalities in power and intluence in the tfK
political pro¢ess. We hosted events with shadow cabinet miDiSters. including the deputy leader, aiK)Ut the next wave of
PTogr¢s$ive demo¢rati¢ reforni at the LaL￿r party conference.
This spring, we held a major conference about making the UK the antt-comiption capitsl of the world wÈth a k¢yTot¢ sp¢eth
and new policy commitn]ents by David Larnmy.
Most recenily we have set up the IPPR D¢¢ad¢ of National Renewal Progrme. The pr0￿me aitns to create capacity
and tim¢ for IPPR to do the Thard thinking, on politics and policy over a longer horizon than is possible for those in
govenllnenL Through this programme, we hope to set agendas rather than just contribute lo them.
New programme of work: Al
tn 2023, we saw a need for an Al programme trj addres5 the rapid inGr¢ase in Al ¢apabiiitie4 rapid Ma￿et growth of Al
labour market impacts, and international calls for reguEation.
At the time of the 2023 UK AI Safety Summit, we published recollunendations on 3 policy pillars (Industrial strate&v for
Al, strong regulatory fraD]ew0￿, Com￿ltiOn policy) highligbtiug the need for Al to be steered in the direction of public
value creation. This work wa5 v¢ry well received in nwlia and garnered iTrlere5t in policy di￿￿8$10n$ on Al (British
Athlemy Roundtable, Al Fringe, Mozi118 Policy Seminar, Jmperial Policy Fonmi).
In the spring of 2024, our paper on the impact of generative Al on the UK labour mw*et found that up to 7 per cent of jobs
are exposed to automation by this Al and provided clear policy suggestions to support workers. including throuJ
encouraging labour market transitions, industrial strategy, and active trade union engagement.
New programme of work: International Policy
tn January 2024 the tnternational Progrdmme at IPPR T¢8tarteiL after a decade-long pau84 with Laura Chappell rejoining
tPPR as the new Associate Director of this progrdmme. Since the￿ research has begun ill three areas: on the role of
international policy in supporting the UK'S economic objectives - focusing on the green transitioll. on the UK'S relationship
with the countri¢s of the'Global South", and on the international nanwe agenda of the next GovernmenL
Sn the spring, our Jnternational Programme officially launched with a panel evenL with speakers including Rt Hon David
Lamrny. DT Conrfort Ero, Philippe Sands. and Andrew Ma¢e. The International Programme h&8 also recruited a dIV¢r￿ aDd
ltiflU￿tial Advisory Panel to help guide its wotk.
Workwhile (previously the London Progression Collaboration)
In 2023, we rebranded as Workwhile, expanding on the London Prowssion Collaboration pilot. By yeafs en4 Workwhile
had facilitated over 1,700 new apprentic¢ships, partnerti￿ with 41X) SMES and reallocating £16 million in uDused
apprenticeship levy funds.
Our k¢y initiatives included a pla¢e-b&sed project for job creation in East London, the Developmentor training program, and
contribution5 to the Local Skills llllprovement Plan in central London.
Workwhile's launch garnered significant media attention in July 2023, highlighting pM)Iling results showing that 5P/o of
Brits wony about their mental bealth due to job demand4 while only 130/0 feel the number of quality jobs has impTov¢d We
expect to spin Workwhile ou( ie off the IPPR balance sh¢et, during 2025.
Page 5

INSTITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEE&>
FOR THE YEAR ENDED 31ST DECEMBER 2023
OWECTIVES AND AcfiviTIES
Public Benefit
In Shaping our objectives and planning our a¢tivitie* for the year. th¢ Tnwees have given consideration to the dutieb set out
in section 17(5) of th¢ Charities Act 2011 to have duc rcgard to public ￿llefit. In particulaT. the Trustees have considered
how the planned activities will contribute to the overall airns and objectives that they have seL
IPPR plans for the future
2￿4 brollghi a summcr general election and subwuently a new goveTllment. 'Ike new political landscape. whilst
PTesenTing IPPR with greater infiuencing opportunities, will also geneTaie fresh cl￿1[¢llgeS for progressive politics and the
progressive movement.
We had already pr￿ared our post-election sTrat¢gy. setting our our positioning and functions as we navigdte and grow
during this period of greata" engagement wilh governtnent. We continu¢ to consult with our staff body. trustees and ffi￿ted
friends as we finalise our Strnt¢gy document. to be I￿nChed in the fmal quarteT of 2024.
Our CUTr¢nt team priorities include:_
- F.xpanding wjd solidifying our intrmational progranime by enlering the second phase of our iTht¢rnarional work WTth the
crearion of international poli￿ e£ntre. The centre will enable us to have a gr￿¢r r¢a¢h in ternis of policy scope and
dev¢lopment and expand our n¢tWOTk of experts further.
Continue to shape polioy on boTrowing, tax and spertd io d¢liv¢r green growth - devising a number of policy optlODS to
ensure there is signifjcant liwal breathing room for invesim¢nt and publxc service spending for the government and other
politiLal parties.
Build on our industrial strdtegy research on an ongoing basis. Having set out a "toolkit" of ￿liCIeS ihat can be used by
yovernments with inthistrial policy objectives, and a range of economic sectors or technologies that the UK is well primed
to sp¢cialise in, we now airti to bring those things together to publish irjfluential and persuasive AndusrriaE strategi£s for
priority areas including wind. heat pump, and green transport.
Laullching our Decade of Reneival Programme which aims to make IPPR the thinking place for the future of th¢
eiitre-left. gwieratitig ideas for renewal of all kinds.
- Cr￿tillg a new advocacy function to ensure Ihai IPPR is pushing the boundaries of what think tanks do to secui'e real
impavl.
- CelLbr41tlllg ￿ll1d naming our culture at IPPR - a staff-led initiative in collaboration with trnstees. We will also further our
work" tu eTnIK￿ ultr Lulture and values into operational. HR and daY-l￿daY functions. rr¢ating a 360-degree environment of
excellencc for our people.
FINANCIAL REVIEW
Financial review
2023 wa5 another successful year for IPPIL wit]1 income 24 per cent higher than tbat of 2022. This has enabled IPPK'S staff
puy levels to keep up with inthtion as it fluctuated in 2022-23.
By th¢ end of ?023. IPPR'S total general reserves siood at £l,I 04k (2022: £1.086k).
During 2024, IPPR has contiiiued to athseve r¢sult> matching its budget for the year. By September 2024, 97 per cent of the
income needed to result in a surplus for the 2024 year-end has been secured.
The fmancial ond operalional ri%ks are. as always, closely monitored during the year.
To monitor the financidl risk.s. thc fin¢m¢¢ & liisk Coinmittee (a sub-committee of the Board of Trustees) rn¢ets regularly,
at least every three moiiths, and reports $0 the Board.
Pag¢ 6

INSTITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
FINANCIAL REVIEW
Reserves policy
It ts the policy of the Truste¢s to maintain throughout the year Reserves equivalent to approximately four months of the
charity's projected future operational costs.
The Reserves calculated as UDrestricÉed Funds plus Secured ]ncome that ha4 in the trustees, opinion, been secured for
the Dext succeeding four months. These Reserves are required:
l. To ensu￿ that the cbarity call accoD]modate Variations in funding cycles and b¢ in a position to adopt contingency
funding plans if required.
2. To enable the organisation to meet its statutory obligations and wind up in an orderly fashion if all cash infiows were to
IPPR'S Unrestricted Funds of £1,104k at 3 1st Dec 2023, plus the Secured Income for J8n-April 2024 of £L,(K)8k. easily
covered projeckd operating costs of £1,558k for the first 4 months of 2024. Actual cost for that peri￿1 of 2024 were
£1,302k.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is constituted as a company limited by guarantee and is governed by a Memorandum and Arti¢les of
Association.
Executive Director
The day-to-day management of the organisation in 2023-24 w&8 delegated to Executive Dire¢tor, Carys Roberts, but since
August 2024 has now been delegated to the Interim Executive Director, Hany Quilter-Pinner.
Reernitment and appofintment of new trustees
The Trustees (who are the Directors of the company for Companies Act purposes) are elected by the company's members at
the Amiual General Meeting. One third of the Trustees retire each year. The Trnstees have the power to appoint to fill
casual vacancies. New Thjstees can be nominated by any Trustee.
Organfisatfional Strnrture
The day-t￿thy n]nning of the organisation is delegated to staff under the leadership of the Executive Director. The Board
of Trustees meet on a quarterly basis primarijy to discuss issues of strategic direction both in relation to the running of the
Organisation and the research prioriti¢s. They therefore approve an annual strategic plan and budget kfore th¢ start of th¢
year and tben m<)nitor progress against the plan during the year.
Group Structurtt
The Charity fvlly owns a trading subsidiary, IPPR Trading Limite4 which Carries out commercially commissioned researeh
and generates income through events.
Inductlon and trainlng of new trustees
Trt￿tees are given an in4epth introduction to the organisation and the rol¢ of Tntstee through meetings with other Tn￿teeS
(including the Chair) and meetings with staff (including the Ex#utive Director). New TTUSt¢es are also given relevant
documentstion including recent research, m¢¢ting Minu￿ and annual reports.
Page 7

INSTITU fE FOR PUBLIC POLICY RESEARCH
P()RT OF THF. TRUSTFES
FOR THE YEAR ENDED 31ST DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk manag¢m¢nt
Politl¢411 risks ar¢ Teviewed at every Political Risk Commillee ineetillg - monitoring and ensuring IPPR'5 independence ot
party and politiGal bias. The Political Risk Committee currently has 5 members made up of Trustees and SMT and is
mttting a minimum of 4 tim¢s per year.
Other risk¥ such as operational and fll)anGial risks are ￿VieWed at every Finance and Risk Committee meeting, which also
meets at least quarterly.
Risks can be, and are escalaled to be reviewed &t a Board level, when appropriate.
During the year the Trustees continued to develop and refjne their risk management strategy, which comprises..
- A quarterly and unnual review of the major risks to which the Chariry is exposed
- The establi¥tmi¢iit of ￿SEemS and prouedures to mitigate those risks
- The impl¢m¢nration of procedures designed to minimise any porential ijnpart on the Charity should any of those risks
mat¢rialise.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Cornpany number
0?292601 (England and Wales)
Reglstered Charlty number
England and Wales.. 800065
Scotland: SC046557
RegLStered office
8 StorL'ys Gate
London
SWIP 3AY
Truslees
DrDMPe£k
Ms J Search (resiglled 171712023)
Baron¢ss A M Suttie
B Moselle
Mrs E Farbat-Nicholson (resigned 2215t2024)
N Rainchandani
Ms U Burnham (resigned 21212024)
Ms K McN¢ill {resigmed 2?1512024)
Ms R Bun¢e
Dr J Alom (appointed 512120241
M M¢(TrL'goT (appoiniea 51?f024)
L Peck- (appointed 51212024)
Lurd V Adebowale (appoinied 11512024)
Page 8

ll¥4STITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRUSTEES
FOR THE YL4R EIYDED 31sr DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
S¢nior Statutory Auditor
Mark Partrtdge FCA
Auditor5
CharAQt Hous¢ Limited
Chartered Accountants and Ststutory Auditor
44 Grand Parnde
Brighton
BN2 9QA
Bankers
Unty Trust Bank plc
9 Brlndleyplage
4 007£lls Square
Birrningham
BI 2HB
The Team at Virgin Money
154-158 Kensington High Street
London
W8 7RL
Solleltors
Bates Wells
Cheapside House
138 Cheapside
London,
EC2V 6BB
In5uranc¢ Brokers
Stackhouse Poland Ltd
New HOUK Bedford Road
Guildforl Surrey
GUI 4SJ
Page 9

INSTITUTE FOR PUBLIC POLICY RESEARCH
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
SfATEMENT OF TRUSTEES, RFSPONSIBILITIES
The tnL8tees (who are also the directors of tnstitute for Public Policy Research for the pury)oses of company ]aw) ar¢
r¥'sponsible for preparing the Report of the Th￿te¢S the finallci￿ ststements in accordance with applithle law and
United Kingdom Accounting Standards (UDit(xl Kingdom Gcnerally Accepted AcLX)unting Practb(%).
Company law requi￿5 the Irustees to pware financial thtements for each fjnancial year which give a true and fair view of
Ihe stste of affai￿ of the charitable company and its subsidiary and of the ijwming resources and app]icatÉon of resour¢
including th¢ i0￿me and expenditure, of th¢ group for tbat In preparing th&%¢ fuwicial statements, rhe irustecs are
requir￿ to
select suitable accounting policies and tb¢n apply them CODSlSt¢ntty'
observe the methods and wftnciples in the Charity SORP.
mak¢ judgement$ and estimates that are reasonable and prudent;
prepare the fmancidl statements on the going concern b&8is unless it is inappropriate to presume that the ¢haritsble
conwy will continue iD busiDes
The trustees art responsible for keepAog prow accounting records which disclose with reasonabk accuracy at any tA￿e the
financial position of the charitable company and to enable them to ensurc that the financial s￿leMents comply with the
Cornp4nies Act ?006. They are also resT)(msiI)le for safeguyrding the assets of the charitable wmpany aDd its subsidiary aid
hence for taking reasonable steps for the prevention and detection of fraud and other itregulartties.
In so faT as the tnL%iees are aware:
there is no rekvant audit infonnation of which the group's ￿dit￿7 8r¢ unaware. and
the trustees have tak¢n all steps that they ought to have taken to mak¢ Ibemselves aware of any relevant audit
information and to eBtablish that the auditors aware of that inforn)ation.
AUDITORS
The auditor& Chariot House Limited. will be proposed for re-appointment at the forthcoming Annual General Meeting.
Apprnved by order of the board of ljiistees OD ....... .
/../1 0/-1. 0.
. and signed on its behalf by:
Peck . Trustee
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INSTITUTF FOR PUBLIC POLICY RESEARCH
Oplnion
We have audited the fmancial statements of Institute for Public Policy Research (the parent 'charitable company, and its
subsidiary) for the year ended 3 1st December 2023 which comprise the Statement of Financial Activities, the consolidated
Balance SheeL the Balance Sh¢¢L the consolid￿ed Cash Flow Statement and notes to the financial statemcnt5. including a
summary of significant accounting wli¢ies. The fmancial reporting framework that h&8 been applied in their prepaTation is
applicable law and United Kingdom A¢￿unting Standards (United Kingdom Generally Accepted Accounting Practi¢e}.
In our opinion the fjnanciai statemgnts:
give a true and fair vicw of the stste of the group and charitable cornpanYs affairs as at 31 st December 2023 and of its
incoming resources and appltcation of resourccs. includin¥ the group's income and expenditure, for the year then ended;
have been ptoperly PTepared in accordall￿ with United Kingdom Generally Accepted AcLounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
W¢ conducted OUT audit in acconlance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
re5ponsibilitie5 under those standards are further deS￿ibed in the Auditors, responsibilities for the audit of the fmoncial
statements 8¢rtion of OUT r¢port. We are independent of the group acc4)rdance with the ¢thi¢al requirements that are
relevant to our audit of the fu]an¢ial statements in the UK including the FRC'S Ethical Standarf and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that th¢ audit evidence we have obtained
is sufficient and appropliatr to provide a basis for our opinion.
Conelusions re]ating to golng eoneern
In auditing the fmancial statements, we have concluded that the truBtees' use of the going concern basis of accounting Tn the
prepaTation of the financial ststements is appropriate.
Based on the work we have perfomie4 we have not identified any rnaterial unc¢￿intieS relating to event$ or conditions
thal individually or collectively. may c&st significant doubt on the group's ability to continue as a going concern for a
period of at least twelve months from when the fuwi¢ial statemejts are authorised for issue,
Our responsibilities and the responsibilities of the In￿teeS with respect to going concern are described in tbe ￿levant
sections of this report.
Other inforjnation
The trustees are responsible for the other infoTmation. The other information comprises the inforniation included in the
Annual Report. other than th¢ flljancial statements and our lieport of the Independent Auditors thereon.
Our opinion on the fjnancial staternent5 do¢s not Gover the other information and. except lo the extent otherwise explicitty
stst¢d in our report we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial statements, our r¢sponsibility is to read the other inforniation an¢ in doing so,
consider whether the other inforn]ation is materially inconsistent with the fmancial statements or our knowledge obtsined '
the audit or otherwise appears to be materially misstated. If we tdentify such material inwnsi5tencies or apparent rnaterial
misstatements, we are required to detennine whether this gives rise to a material mi5Statement in th¢ financial statements
themselves. 1£ based on th¢ work we have perfornirf we conclude that there is a material misstatement of this other
inforniation, we are required to report that fact. We have nothing to report in this regwd.
Page 11

REPORT OF THE INDEPENDENT AUDI'I'ORS TO THE MEMBLKS OF
INSTITUTE FOR PUBLIC POLICY RESEARCH
(bpiniolls on other matters prescribed by Ihe Companies Act 2006
In rfjur opinioo based on the work undertaken in the coutse of the audit:
the Inforn￿tiOn given in the Report of the TTUStees for the fmancial year for which tbe financial statements ate wepar¢d
is Consi￿nt with the financial siatemenrs. and
the Repon of the I'rustees has been prepared in acc<Jrdance with applicablc legal requiremenrs.
Matters on whlch we are required to report by exception
In the light of th¢ knowl¢dge and understanding of the group and tharitable c￿mpanY and ils environment obtained in the
course of the audit. we have llQt idoitified Jnllterial misstatements in the Rqxxt of the Trusiees.
We have nothing to report in r¢sp¢ct of the fo]]owing mattffl3 where the Conwanies Act 2006 requir¢s us to report to you if.
in our opinion:
adequate accounting records have Dot been kepi or reÉurns adequate for our audit hav¢ nor been r¢c¢ived from branches
nol visited by us; or
the fllw)¢ial statements are not in agreement with the a¢countftng records and returns: or
certain disclosure5 of trustees, remuneration specified by law are nor made. or
we have not re¢¢ived all the inforniation and explanatiffls wc requir¢ for our audit. or
the [ru￿¢¢3 were not entitled tn takc advantage of the SO￿11 companies exemption from the requir¢menl to prepare a
s￿teE1C Report or in PTeparing the Report of the Tn￿t￿5.
Rupollsibilities of trusteeg
As explained more fully in the Statement of Trust¢es' Respon$?bilities. the trwtees (who are also the directors of the
haritabk company for the PUTposes of company law) are responsible for the preparation of the fmancial statements and for
being satisfied that they give a tru¢ and fair view. and for such inte¥nal control as the trnsrees de*rn]ine is necessary t4)
nabk the PTeparation of rME￿LIa1 statfflnents that ar¢ fTK from makrial misstatemenL whether di￿ io fraud or e￿Or.
In preparing the financial statemenis, the trustees are responsible for assessing the group and charitable comp￿y* ability to
continue &s a going concern. disclosinsg as appJi¢able. matters related to going ¢on¢ern and using the going conccm basis of
a¢￿￿ntIng unle55 the trustees either intend to liquidate th¢ group and clwitable company or to cease operdtions. or have no
realistic alternative but lo do so.
Page 12

REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF
INSTITUTE FOR PUBLIC POLICY RESEARCH
Our responslbilities for the audit of the financi815tstements
Our objectives are to obtain reasonable ￿SUranCe about whether the finan¢ial statements as a whole are free from rnaterial
misstatemenL whether due to fraud or error, and to iwe a Report of the Independent Auditors that includ¢s our opinion.
lieasonable assurance is a high Icvel of assurance, but Is not a guarant¢c that an audit ¢onducted in accordance with ISAS
(UK) will always detect a matcria] misstatement when it exists. Misstatements can arise from fraud or ermr and are
considered material Rf. individually or in the aggr¢gate, they could reasonably be expected to influence the economic
decisions of users tsken on the b&sis of these financial stst¢ments.
The extent to which our proredures are capable of detecting irregularities, including fraud is detailed below:
We discussed identified laws and regulation, frdud risk factors End the ne¢d to remain alert among tbe audit team.
The charitable company is subject to law5 and TegulatioJ]s that directly affect the financial statements including companies
and fu)ancial reporting legislation. We &sess¢d th¢ ¢xtent of compliance with these laws and regulations as part of our
proc&lures on the related f￿ancial statement items, including awssiDg the fmancial statements disclosures and agreeing
them to supporting documentstion where nKe8sary.
The chariiable company is subject to many other laws and ￿gulatIonS where the consequence of non-¢omplian¢e could have
material effect on amounts or disclosure in the financial statements. for instance through the imposition of fmes or
litigation. We identified the following areas as those most lknly to have such an ¢ffect: health and saf¢ry. aDti-bribery,
employment law, environmental law.
We did not find any instanrxs of non-compliance or bTeaches of the legislation framework applicable to th¢ charitable
cornpany,
We designed audit Procedures to respond to the risK recognising that the risk of not detecting a material misstatement due
to fraud 15 higher than the risk of not detecting one resulting from error. as frdud may involve deliberate conceabnent by, for
examplc, forgery or i1)tentional misrepresentations, or through collusion.
We identified that the following Areas were of high risk:
Completeness of income. We perfOrn￿ vaTiOUS audit tests to ¢nsure that income was not materially understated in the
financial statements.
Management overrAde of controls. We perforn)¢d various audit tests to ensure there was no rnater1￿ management
override of controls.
We focussed on laws and regulations which could give rise to a rnaterial misstatement in thc financial statements, inc]uding.
but not limited to, the Companies Act 2006. UK tsx l¢gislation, Charities Act 2011 and Charities SOIiP 2019. Our tests
included agreeing the fmancial staternent disclosurcs to underlying supporting documentation, enquiries with management
and enquiries of legal counsel when considered neccssary. There arc inherent limitations in the audit Procedures describcd
above an¢ the further removed non-cornpliance with laws and regulations is from the events &nd transactions Teflectsd in
the financial staternents, the 1¢5s likely we would become aware of IL We did not identify any key audit matters relatiDg to
irregulaTiti¢s. including fraud. As in all our audits, we also addressed the risk of management ovetrid¢ of intcmal contro]s,
including testing journals and evaluating whether there was evid¢n¢e of management bias by the directors that r￿T¢s¢nted
risk of n￿terIal misstatement due to fraud.
A furtber description of our responsibilities for the audit of the f￿anCIal statements is located on the Financial Reportll)g
Council's webstte at www.frc.org.uk/auditorsresponsibilities. This description fornis part of our Report of th¢ Indep￿dent
Auditors.
Page 13

RFPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INS1'1TUTE FOR PUBLIC POLICY RLSEARCH
Use olour report
This Teport is mad¢ solely to the cllaritable company's members. as a body, in accordance with Chaptsr 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we miglit state to the charitable company's members
those matt¢rs we are required to slate to them in audirors, report and for no other purtKyse. To the fullest extent permitted
by law. we do not accept or assum¢ responsibility to anyone other than the charitablc company and rhe charitable company's
members a5 a body, for our audit WOTk, tor this itpoo or for the opinions we have fornied.
Mark Partridg¢ EICA (SenÈor Siatutory Auditor)
tor and on behalf of Charioi House LimitLxI
L.hartered A￿OUntantS and Statutory Auditor
44 Grand Parade
Brighton
BN2 9QA
Page 14

INSTITUTE FORPUBLIC POLICY RESEARCH
STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIE.8
INCORPORATING AN INCOME AND EXPENDITURE ACCOLIN'r
FOR THE YEAR ETrIDED 31ST DECEMBER 2023
2023
Total
fimds
2022
Total
fuTrds
Unrestricted
fund
Restricted
nds
Notss
INCOME AND ENDOWMEiYfs FROM
Donations and legacies
3.327.720
880.990
4208.710
3.391.503
Charltsble aetivtti
Chatitable activities
23,790
23.790
36.587
Investment incom¢
24,869
24,869
1,882
Total
3,376,379
880.990
4257,369
3,429,972
EXPENDITURE ON
Charitsble activities
Support Costs
Research and dissemination on so¢iaL political atml
ecorfromi¢ issues
JO.928
10.928
9.289
3,347.772
880.990
4.228.762
3.416.485
Total
3,358.700
880,990
4.239.690
3,425.774
PIET IIYCOME
17.679
17,679
4,198
RECONCILIATION OF FUNDS
Total funds brougbt forward
1,086299
1.086,299
1,082.101
TOTAL FtJNDS CARIUED FORWARD
1.103,978
1,103,978
1,086299
Continuing Operatlons
All incom¢ and expeDdittwe has arisen from continuing operations
The no*s forni part of thes¢ fmancial statements
Page 15

INSTITUTE FOR PIIBLIC POLICY RESEARCH RKCISTERED NUMBEIL. 02292601
BALANCE SHEET
31ST DECEMBER2023
2023
Total
funds
2022
unrestri￿ Restricted
fund
funds
funds
FIXED ASSETS
Investments
io
100
loo
CURRENT ASSETS
Debtors
C&8h at bank and in band
731374
2 J70.723
731.374
2.370,723
896.011
1.116.380
3.102,097
3.102.097
2,012.391
CREDITORS
Amounts falling due within one year
12
(1,998219)
(1,998.219)
(926,192)
NET CURRENT ASSETS
1 103,878
,103,878
1.086,199
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,103.978
1,103.978
1.086299
NET ASSETS
1103,978
1103 978
FUNDS
Ulw￿1¢ted fiinds
J 103,978
1,086299
TOTAL FUNDS
1,103,978
1,086,299
These financial stat¢ments havc been prepared in a￿)rda￿t with th¢ provisions applicabl¢ to charitable companies subjecr
to the snMII ¢ompani¢s regime.
The financial 5Éalem¢nts were approved by the Board of and authoriscd for issue on ... .. .. . . ..
and were sigD¢d on its behalf by..
i) Ihfl
The note5 forni part of these fijwicial statements
Page 16

CONSOLIDATED BALANCE SHEET
31STDECEMBER2023
2(f23
Total
Totsl
666284
73,708
at bank •d in IWMI
683,299
1.437,555
2.578.708
3244.992
32KW2
1120.854
Amounts falli08 the within one yur
12
(2,141.014)
12.J41.014) (1.034,555)
1.103.978
1103 978
1.086299
1.103978
i.lQ3.978
1,08&299
iyrr ASSETS
1.103,978
1.1039
Unrestricted fmds
1103 978
1103 978
1,086299
and w￿¢ siwd on Its bdjalf by..
D M P¢ck. Tnk*ce
Page 17

INSTITUTF FOR PUBLIC POLICY RESFARCH
CkSH FLOW STATEMENT
FOR THE YEAR Ef¥DED 31ST DECEMBER 2023
2023
2022
Noies
Cash flows from operating activities
Cash generated from operations
1.116,284
82,491
Net Lash Provided by operating activities
1,116284
82.491
Cash nows from investing artfviti
Interest received
24,869
1,882
Net casli provided by investing activities
24,869
1,882
Change in ca$h and eash equlvalents in the
reporting period
1,141.153
84,373
Cash and cash equivalents at the I￿gInning
of the reporting period
1,437 555
1,353,182
Cash and eash equ5vv4lents at the eod of the
reporting peri(Ml
2,578,708
L.437,555
'Th¢ notes form part of these financial slat¢rnentS
Page 18

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE CASH FLOW STATEMEIYT
FOR TFt£ YEARENDED 31ST DECEIl￿ER 2023
RECONCILIATION OF NET INCOME TO NET CASH FU)W FROM OPERATING ACTIVITIES
2023
2022
Net income for the reporting period (as per the Ststemenl of Financial
Activities)
Adjustments for:
Interest received
Decrease in debtors
Increase in clrditors
17,679
4,198
(24,869)
17.015
1,106.459
(1,882)
(100,929)
181,104
Net cash provided by operation5
1.116.284
82.491
ANALYSIS OF CHANGES IN NET FUNDS
At 111123
Cash flow
At3l1lY23
Net cash
Cash at bank and in hand
1,437,555
1,141.153
2.578,708
Total
1.437,555
1,141,153
2.578,708
The notes fom] part of these financial stafrmcnts
Page 19

INSTITUTE FOR PUBLIC POLICY RESEARCH
NI)TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLJCtES
Bas18 of preparing the finaneial ststememts
Thl. fmancial siateinent8 of the ¢haritable company, which is a public benefit entity under FRS 102. have b¢
prep4w¢d iii accordance wilh the Charities SORP (FRS 102) 'Accountillg and Reporting by CharAties.' s￿eMent ot.
Recom]nend¢d PractiLe applicable to charities prepaTing their a￿oUnts in ￿￿Ordance with the Financial Reporting
Standard applicable iii the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Finallcidl Reporting
Siandard 102 'The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland, and the Companies
Acl 2006. The financial starements Ilave been prepared under the historical cost wnv¢ntion, witb the exception of
investmenls which are included at Dwket value.
At the time of approving the fllwi¢ial statements, the truslees have a reasonable expectation that the charity has
adequate resources to ¢ontinu¢ in operational existence for the foreseeable future. and on that basis th¢ cbarity is
Consider￿ io b¢ a going concern.
The financial ststements are prepared in sterling which As the functional currency of the entity. and are rounded to
the nearest £1,
Prep8ratfion of consolidated financial statements
These fmancial statements consolidate the results of the cR￿lty and its wholly-own¢d Subsidiary. IPPR'frading Lt
prepared 10 3 ISE December 2023, on a line by line basis. A separate stateinent of finan¥ial activities and in¥ome and
expenditure account ore not presented for the charity itself following the exemptions afforded by Section 408 of the
Companies 2006 dnd the SORP.
Group financial stat¢m¢nty
'rb¢se fjnancial statcments consolidate the results of the charity and its wholly-owned subsidiary, IPPR Trading Lt(L
on a line by line basis. A separate strdtement of financial activiiies and incom¢ and expenditure a¢counl are not
presented for the dtsrity itself followtng the exemptions afforded by Section 408 of the Companies Act 2006 and
the SORP.
Income
All income is Tecognised in ihe Statemeni of F'inancial A¢tivities once the ¢harity has entitlelnent to the fimd8, it is
probable that the incorne will be received and the amount can be measured reliably.
Expcndfiture
Liabilities ar¢ recognised as expenditure as soon as tbere is a legal or conslrudive obligation comrnitting the Ch4￿llY
io expenditure, it is Probable ibat a transfer of economi¢ benefits will bc requir¢d in settlement and Ihe amount
of the obligation can bt Ineasured reliabty. Expenditure is accounted for on an accruals basis aTkd has been Llassified
under headings that auegate all cost related to the category. Where costs cannoi be direcily attTibuted to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The Charity is considered to pass the tests Set out in Paragraph I Schedule 6finance Act 2010 and therefore it meets
the det-mition of a charitabl¢ coinpany for UK Cory)oration Taxes puryose& Accordingly the Cbarity is Potentially
exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I
C,orporation T&Y Act 2010 or Section 256 of the Taxation of Charg¢able Gains A¢t 1992, 10 the extait tbat such
income or gain5 are applied ¢xclu8ively to cliaTitable purpos¢s and the subsidiary cornpany has made su*Ticient
covenant I gift aid payments to the parent charity to extinguish any liabAlity to ¢orpordtion tax.
Fund #¢eounting
Ilnr¢striL*ed funds can be used in ￿coTdan¢e with the tharitsble objectives at the discretion of the trustees.
Page 20
continued...

INSTITirrE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FllYANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES - continued
Fund aeeountfing
RestrACted funds call only be lls￿ for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or whcn fijnds are rai￿1 for particular restricted purposes.
Furtber explanation of the nature and p￿￿)se of each fund is included in the notes to the financial sratements.
Forelgn currencies
Assets and liabilities in foreign currencies are transl8ted into sterling at the rates of exchange ruling at the balance
Sheet date. Transactions in foreign Cllrrencies are trdD518ted into sterling at the rate of exchange ruling at the date of
transaction. Excbange differences are laken into account in arriving at the operating result.
Pension
All staff have the opportunity to t8kB part in a stakeholder pension schem¢ under a salary sacrifice Wdyable by the
employer during the year on behalf of the employee.
Operntlng lease
Rentals payable under operating le&ses aTC chaTg¢d to Ihc Stat¢ment of Financial Activiti¢5 on a straight-line basis
over the lease tern].
Judgements and key sources of estlmatlon uncertalnty
In the application of the charity's accounting poli¢i¢& the Charity is required to make judw¢nts, estimates and
assumptions about the c8rrying value of assets and liabiliti¢5 that are not readily apparent from oth¢r sources. The
eStin￿t¢S and associated assumptions are based on histori￿1 exp¢ri¢n¢¢ and other factors considered to be relevant.
Actual resuEts may differ from these estimates.
The estimates and undeTlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
r¢¢ognised in the period in which the estimate is revisrf if the revision affects only that period. or in the wÉod of
the revision and future periods if the revision affects both the current and firture periods.
There are no estimates and assumptions that are considered to have a significant risk of causing a material
adjustnients to the financial statements in a future period.
Financial instruments
The Charity has only fmancial assets and fJ])ancial liabilities of a kind that qualify as basic fJnan¢ial instruments.
B&%ic fu￿ncI&l instruments are initially recogDised at transaction value and are subsequently me&sured at their
settlement value with the exccption of bank loans which arc measured at amortisgd cost using the effective interest
rn¢thoiL
Financial Assets
Trnde aud other debtors are recognised at the settlement amount due after any trade discount offered. PrepaY￿ents
are valued at Ihe amount prepaid net of any discounts due.
Financial Liabilities
CTeditots and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third paty and the amount dlle to settle the obligation can be
ea5ured or estimated r¢liably. Creditors and provisions are nornially recognised at their settlement amount after
allowing for any discounts due.
Pag¢21
continued..

INSTITUTE FOR PUBLIC POLICY RFSEARCH
PIOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
DONATIONS AND LEGACIES
2023
?022
Donaiions
Activities for generating funds
3.437.152
771558
? 780,969
610.534
2023
2022
Received during the year
AbbVi¢ Ltd
Abdn binanci&l Fairness Trust
Alex Ferry Foundation
Alzheitner's Society
Asthma & Lung IJK
As'trazeneca UK Ltd
Aviva
Baniardo's
Bamslev Metropolitan Borough Council
Ba￿oW Cadbury TrLlSt
Big Change Charitable Trust
BMS Pharnlaceuticals Ltd
Bright Blue
Bristol Council
British Association for Counselling and Psychotherapy
British Heart Foundation
British Privale Equity and Venture Capital Association
Q alouste Gulbenkian Foundation
Central London Forward (busin¢ss Lundon)
Lenire for Local Economi¢ Strategies
Cenire for social justice
L'entre for Social Policy Studies
c.hild I'ovetty Aclion Group
c.iiy and Guilds
City of London Corporation
Clvdn Air Fund
Communiry Windpower
Consumer Scotland
Convention ot Scottish Local Authortties
cvL'
Departmcnt for Education
Disrupt Foundation
Donald Peck
Fxonomic c.hange Unit
EDTr Energy Ltd
F.lectoral Ret'onii Society
bli Lilly
Engag¢ Britain
Eiwopean Climate Foundition
40,1)00
70,000
7.500
30.000
70.000
7,500
30,000
12,000
iio,000
10.500
loo.000
9,500
38.450
17.000
65,500
60.000
9.500
33,￿0
55.500
140.000
24.500
4.500
19,500
14,500
12.000
?5,000
16,01)0
18.01)0
6,000
21,400
10,935
1,500
10,000
l2,000
41,500
10,000
21.400
26.465
50,000
78,750
9.975
45,01)0
26.464
15,0(K)
8,333
?3.500
9,883
16,000
35,000
7.500
290.245
281,754
Page 22
continu¢d...

INSTITUTE FORPUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
DONATIONS AND LEGACIES- eontinued
First Avenue Consulting
Fair by Design
Fair Housing Futures
Fairer Shar¢
Federatioll of Master Builders
Federation of Small Businesses
Fondation Nationale des Sciences Politiqu&s
Foundation for Integrdtrd Tyansport
Founder's Pledge
Frithich Ebert StilknJng- IA)ndon
r4riends Provident Foundation
Gates Troundation
Gatsby Foundation
Gilead Scienres
GlaxoSmithKline
Google
Gower Street
Green Finan¢¢ tnstitute
Greater London Authority
Haleon
Health FouDdation
H¢wlett Foundation
Impact on Urban Health
tmperial College London
Institute and Faculty of Actuaries
tnvolve
Jgnssen
Jobn Ellernian Foundation
Joseph Rowntree Charitable Trusl
Joseph Rowntrce Foundation
Joseph Rowntree Reforni Trusi
JP Morgan Chase Foundation
Jubilee Foundation
j￿stiCe Together
Kate Gavron
KPMG
Laudes Foundation
Leeds University
Libety charge (IM)
l.loyd5 Bank Foundation for England and Wales
Local Trust
Manchester Metropolitan University
Migration Yorkshire
Millfield House Foundation
National Grid
National Philanthropy Trnst
NEON
New Economics Foundation
New Market Strategy
10.500
8,334
29,729
9,000
19,700
6,000
3,809
15,000
105,000
23,337
23.000
84.875
163.051
65.500
50,1)00
30,000
8.000
20,000
i 10.0
30,0(KJ
4,700
39.965
io,o(K)
12,000
76,970
154,960
26,013
203,089
41.250
20.000
16,000
12,0(K)
1,500
45,000
50,000
45,(M)O
11,250
30,550
48,750
97,866
75.177
100.OOD
239.952
20.0(KI
ioi,000
314,481
4,792
120.865
23,500
409.996
4.792
7,000
13,000
50,0(rf)
39.960
14.675
71.189
45,300
9.000
50.623
53.400
45350
14,215
19,400
3J40
21,400
Page 23
continued...

INSTITirrE FOR PIIBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS- Contlnued
FOR TIIE YEAR ENDED 31ST DECEMBER 2023
DONATIONS AND LEGACIES- continued
NOCN
Notth East and North Curnbria ]ntcgrated Care System
North Wesr Employer5
Northern Powerhouse I I
Obesity Health Alliance
Octopus Energy
Omega. Oak foundalion
One Parent Family Scotland
Oiiward
Open Society Foundations
Oxfani
Paul Hamlyn Foundation
Pebble TTUSt
Pfiz¢r
Power to Change
Public Interest News Foundation
8.000
17250
8.000
9,300
23525
4,500
20,0(M)
21,750
54,150
750
570,938
6,667
55.000
10.000
70,000
18.959
60,000
85,166
750
5.(M)O
Reed tn Partllership
Resolution Foiindation
Robert H N Ho Family Foundation Global
Robertson Trusl
Rockefeller PhIl￿1th￿pY Advisors
Royal College of Midwives
RWE
Sanofi
Santonder
Save the Children
Save the Children Scotland
Scottish Federation of Housitig Associations
Scottish Government
Scottish Policy Foundation
Scottish Power
Siemen5 Healthineer8
Skills Network
Southern Environment Law Centre
Soliciiors Regulation Authority
Spire Healthcare
Spirit 01201?
35,000
10,500
46.888
56,300
20.050
55,009
15.125
88,285
10,000
16.000
12.000
62.500
16,666
8,333
16,228
9.000
45,000
16,667
31.500
500
39.789
20.000
12.000
20.000
8.000
9,801
9,000
16.000
8,332
9,000
12.000
Stonewater
SI￿(rall5 ScotI￿ld
Takeda UK Ltd
Teesside University
The Difference
The Legal Edu￿tiOn Foimdatioll
The Lcgatum Instiiure Foundation
Tin51ey Trust
T O'carroll Ltd
'I'rades Unioii Congress
Treebeard Trust
16.821
37.500
30.000
16,664
25.000
50.0(K)
10,935
25,000
12,000
1,500
30,0(M)
17,51K)
19,400
Page 24
coniinued...

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINAThCIAL STATEMEiYfs - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
DONATIONS AND LEGACIES - eontinued
Trevor Chinn
Trusscll Trust Scottand
TnLSt for London
20.000
23.333
74.000
5.000
4.5(X)
60.000
4.500
96.808
20.400
378
63,ICM)
UK in a Changing Europ¢
Unbound Philanthropy
United Kingdom Council for Psychotherdpy
University College London
Univ¢rsity of Strathclyde
Unlock Dernocrncy
USDAW
Vialto
V. Kann Ramussen Foundation
Wigan Council
Wiley
52,500
103,116
21.81X)
4,166
6,000
121,257
72,983
22,772
10.000
108,247
25,964
Youth Futures Foundation Infrastructure Fund
101.593
5.079.844
3.869.219
Deferred to 2024
Abbvie Ltd
Aberdeen Financial Fairness Trust
Big Change Charitable Tn￿t
BMS Pharniaceuticals Ltd
Calouste Gulbenkian Foundation
Central London Forward (business London)
Centre for Social Policy Studies
City and Guilds
cvc
Donald Peck
EDF Energy
Eli Lilly
Europ¢an Climate Foundation
Found&s Plcdge
Friends Provident Foundation
Gates Foundation
Gatsby Foundation
Gower Street
Hewlett Foundation
John Ellernian Foundation
Joseph Rtswntree Foundation
Justice Together Collaborations
Kats Gavron
KPMG LLP
Manchester Metropolitan University
Millfield House Foundation
National Philanthropy Trust
OctOPU8 Energy
omeg￿ Oak Foundation
40.000
6,0(K)
7,0(K)
40,0(M)
i o,ooo
18,0
3,645
iO,O(M)
14,650
25,000
16,000
35.0(10
119,630
87,5110
25.000
163,051
39,514
8.054
15,000
44,900
50,000
17,467
27,600
10,000
40,000
72,217
17,500
2.500
42.000
42.000
25,000
8,000
21,750
Page 25
Continue￿..

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENT&* - continued
FOR THE YEAR ENDED 31SI' DECEMBER 2023
DONATIONS AND L￿Acl￿.s - Continued
One Parent Fafftity Scorldnd
Open Society Foundations
Paul Hamlyn Foundation
Pf17.eT
Resolution Foundation
Robert H N Ho Family Foundation Global
Rock¢feller Plu"laiithropy Advisors
Robertson 'fTUSt
Royal College of Midwives
Save the Children
S'outhern Envirornnent Law Centre
Stonewater
Sustrans Scotland
Tinsley Trust
Treebeard Trust
Trust for London
Uber B.V.
Unbound Philanthropy
lJniveTSity College London
University of Strathclyde
V. Kailli Ras￿U$S￿l Foundation
Wioan Coun¢iR
Youth Futures Foundati(Trn
32.675
518,342
16.500
50,000
?0,000
7.000
55,009
83,285
30,888
2.500
10.000
16,000
5,000
i7,000
8,000
15,000
15,000
12,000
3.000
25,000
47.850
14,400
1?1.158
25,000
47,850
14.4(M)
10.500
24.000
1.652.098
733 237
INVESTMENT INCOME
2023
2022
Deposit accouni interest
1,88?
Pagc 26
continued...

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued
FOR TEtE YEAR ENDED 31ST DECEMBER 2023
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Charitabk activities
Charitable activities
Sale publications
Honoraria & sundry
22.772
25.991
36,587
CHARITABLE A￿IVITIEs COSTS
21r23
2022
Supwrt Costs
Research and dissemination on social. political and economic issues
10,928
4 228 762
9,289
3.416.485
L42L774
NET INCOMEI(EXPENDITURE)
Nct incom¢l(¢xpenditure) is stat¢d aft¢r GhaTging1(￿1t1llg):
2023
2022
Auditoes T¢munmtion- Audit s¢rvices
AuditoV5 Temuneration- Non Audit services
8,063
6,399
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 3 1st December 2023 nor for the year
ended 3 1st Decemb¢r 2022.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31stDecember2023 nor for the yeaT ended 31st
December 2022.
Page 27
continued...

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR EIYDED 31ST DECFMBER 2023
STAFF COSTS
2023
2022
Wages and Salaries
Social Security costs
Pension costs
2,115,211
229,940
246a99
1,843.950
207,399
209.653
2 591.450
2.261.002
The average monthly number of employees during the year was as follows:
2023
30
io
20?2
29
Research
Externiil Affairs
Operalions
49
46
The number of employees whose employee benefits (excluding ¢mploy¢r pension Costs) exceeded £60.000 was:
2023
2022
£60.001- £70.000
£70.001- £80,000
£90.001- £100.O(K)
£ioo.000- £i10.000
The average number of employees on a Full Time F4uivalent basis wa3 45 (2022.43).
Key mallagement emoluments, comprising gross salary. employers, natiOiLqI insurance and employers, pension and
deemed to be the Trustees and senior managen)enL amounted to £467,765 (2022: £405,943)
COMPARATIVES FOR'fHE STATEMENT OF FINANCiAL ACTIVITIES FOR THE YEAR TO
31ST DECEMBER 2022
Unrestrictsd
fund
Restricted
fimds
Total
funds
INCOME AND F,NDOWMENTS FROM
Donations and legacies
2.911,907
479,596
3,391.503
Charitable aetivities
Charitable activities
36,587
36.587
Investment income
1.882
1,882
Tolal
2,950,376
479,596
3.429.972
Pa8e 28
continued..

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FINAIYCIAL ACTIVITIES . Continued
Unrestricted
Restricted
fund
funds
Total
nds
EXPENDITURE ON
Charltable actlvltfie$
Support Costs
Research and d155emination on social, political
and economic issues
9289
9.289
1936,889
479,596
3.416,485
Total
2,946.178
479.596
3.425,774
IYET INCOME
4.198
4.198
RECONCILIATION OF FUNDS
Total fi￿dS brought forward
1.082.101
1,082,101
TOTAL FUIYDS CARRIED FORWARD
1.086,299
1,086,299
FIXED ASSET INVESTMENTS
Shares in
group
MARKET VALUE
At 1st January 2023 and 3 1st December 2023
loo
NET BOOK VALUE
At 3 1st December 2023
loo
At 3 1st December 2022
loo
There were no investhient assets outside the UL
Page 29
continued...

INSTITufE FOR PUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS- eonthiued
FOR THE YEAR ENDED 31ST DECEMBER 2023
11.
DEBTORS: AMOi]F4TS FALLING DUE WIThIN ONE YEAR
Group
2023
Compaoy
2023
Group
2022
Compatty
2022
557.048
372,176
286,599
584.432
510.538
Amounts owed by group
325.856
(Xher debtijrs
Prepayments and accrued
incon
45.564
8.927
52267
10,017
46
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2023
Company
2023
Group
2022
Conipany
Trade creditors
Social s¢¢wity and
other tsxes
VAT
Other creditors
99,930
99,930
59,777
59.777
142,247
142.247
108,870
18,388
108.870
18.388
Aceruals and deferred
income
1773.969
747
19.93219
13.
LEASJNG AGREEMENTS
Mioimum lease payments under non-cancellable operatllig leases fall due &$ follow8:
2023
2022
Within one year
BelwKll one and five years
184.856
604.068
36,561
788,924
37.903
14.
MOVEMENT IN FUNDS
Net
movement
in fillKIs
At
31112r23
At Iiir23
Unregtrict¢d funds
G¢n¢ral t.und
1,086,299
17,679
1,103,978
TOTAL FUNDS
1.086.299
17.679
1.103.978
Page 30
¢ontinued...

INSTITUTE FOR PUBLIC POLICY RLSEARCH
NOTES TO THE FINANCIAL STATEMENTS- eontlhued
FOR THE YEAR ENDED 31ST DECEMBER 2023
14.
MOVEMENT IN FUNDS - continued
Net movement in funds, in¢luded in the above are as follows:
Incornin8
r¢KJurces
Resources
expended
Movement
in fvnds
Unrestrlcted funds
Gcnetal fund
3.376.379
(3.335,700)
17,679
Restrleted funds
Barrow Cadbury Trust
V Kann Rasmllssen Foundation
Justice Together Collaboration
Paul Harn1￿ Foundation
Unbound Philanthropy
Jubilee Foundation
Disrupt Foundation
Rolknson Trnst
Europe￿ Climate Foundatioo- Local bus
netwotl(s
European Climate Foundation - Climale and
17.000
121.157
212,395
78.500
52,500
I￿,000
9,975
56.300
(17.000)
(121.157)
(212J95)
(78.500)
(51500)
(ioo.000)
(9.975)
{56.300)
6.667
(6,667)
111,489
11.823
(111,489}
(11.823}
Europ¢aD clin￿ Foundation - Planning
European clin￿te Foundation - Fair
transition
European Climate Foundation . UKIUS trade
European Climat¢ Foundation . Green
Industrial strategy
Robert H N Ho Famity Foundation
22,186
5,989
(22,186)
(5.989)
4,000
71.009
(4.000)
(71.009)
880,990
(880.990)
TOTAL FUNDS
4.257,369
(4,239,690)
17.679
Comparatives for movement in funds for the year to 31st December 2022
Net
movement
in fimds
At
31112122
At 111122
Unrutricted funds
General fund
1,082.101
4,198
1.086.299
TOTAL FUNDS
1.082.101
4,198
1,086,299
Page31
continued...

INSTITUTE FOR PUBLIC POLICY RESEARCH
NOTES TO THE F￿ANCIAL STATEMENT.$ - lontinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
MOVEMENT JN FUNDS - contlnued
c.omparative net movement in fimds. included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fund
General fund
2.950.376
(2.946,178)
4.198
Restricte41 fund5
Barrow Cadbury Trust
European Climare FoundaTion
Justite Together Collaboration
Paul Hamlyn Foundation
Unbound Philanthropy
33.000
250,731
120,865
40.000
35.000
(33.000)
(250,731)
(120.865)
(40,000)
35,000
479,596
1479,596)
TOTAL FUNDS
3.429,972
(3.425,774)
4.198
Jubilee Foundation
lliis project is to support r¢sea￿h OD asylum and refugees. This funding was to produce a report on the CUTrent state
of Ihe asylum system in the UK and our report The asylum in-tray in 2025 was published in August 2023.
Disrupt Foundation
This proj¢ct looked at how the value of cooperatives can be better measured to encourage the expansion of c(kops in
local economies. It Used a c&8e study co-op to design and test a framework for measuring their value.
Robertson Tru$1
I'liis project explored the ¢UTTent state of employability support services operating in Scotland, particularly the
division between reseryed Jobcentre Plus and d¢volved employability support programmes. It explore5 policy
changes, including but no¢ limited to, further devoliition ro S¢otland, thal would improve people's experience wilh
employability supporL leading to higher success in fillding and sustainitig work. ultimately reducing Tates of wv¢ty
in Scotland.
Barrow Cadbury Trust
This grant will support work on policy responses to the Channel crossings issue, This project aims to inforni
decision-makers of alternative policy responses in relation to Channel crossings and support advocacy organisalions
c￿llpaIgning for a fairer and more humane immigrntion and asylurn system.
Robert H N Ho Famlly Foundation
This grant was ro support the work of the Cohort 2040 initiative. The funding is to be used to embed inDer wellE¢ing
into a CODsultation and co-design pror¢ss for a leadership developmettf intervention 5UPPOrting emerging
envii'onmental le<iders.
V KAnn Rasmuss¢n FOUnd*t￿)ll
This funding giveu in suppoff ot-th¢ Lohort 2040 project. This funding is ￿ re.8earch and develop an emerging
envi]'omnental maniigeillent l¢aders programme.
Page 32
continueiL..

INSTITUTE FORPUBLIC POLICY RESEARCH
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED31ST DECEMBER2023
14.
MOVEMENT IN FUM)S- Continue41
Paul H2mlyn Foundation
This funding is to supwrt the establisbment and development of IPPR'S migration polkcy unit, wbith works in
collaboration with the mI￿tIon and asylurn sector on strategic priorities in migrdtion and integration wlicy.
European Climate Foundation
This grant is designated to support a research project that will review governance and fijnding of local i￿S networks
withtn England and make rewnmendations to ensure 5UStainable. Safeguarded local bus networks and the rapid
decad￿]sation of bus fleets.
European Climate Foundydtion
This gTant 15 tsigDated to explore how the planning 5yStem needs to change to deliver net zero and restore nature in
England.
European Climate Foundation
This grant is designated to support specific prograrnme5 and proJ￿ts to ￿ delivered by IPPR'S fair traD5ition unit
which aims to accelerate progress in reducing emissions and restoring nature, and securing a fairer. more just and
thiiving society.
European Cllmate Follndatlon
This grant is desA￿ated to support IPPRS new fair transition unit to maximise the ambition on clxmate and nathre,
fdl arnbition and policy gap4 and help develop more detailed ￿rOgramme for governmenv thinkin&
European Climale Foundation
This grani is designated to outlin4 througb a series of roundtables and an intuln￿final report, a framework for a
prOgr￿]ve UK-US trade partnership that promotes shared environmentsl. clinate. attd social ambitions.
Eumpean Climate Foundation
This grant is designated to outline the macroeconomic case for tranSfOrn￿£1ve investsnents in electrACity gri&8 as a
key pillar of gr￿) industriaft Strate￿ in Europe.
Unbound Philanthropy
This funding is for general support and the activities reflect IPPR'S theory of change, which include convening
stakeholders and opinion fortners on issues such as migration policy; working with campaigners to make change;
and undertaking res¢arcb to evidence the need for change and d¢8igning policy alternatives.
Justice Collaboratiolls
This funding is for a partrAffship between IPPR and two immigration advice organisalions (Praxis and Greater
Mw)¢he5ter Immigration Aid Unit). aimed at improving access to justice for people with Insecu￿ migrdtiim status
and advocating foT a fair¢r and more ¢fftctivc immigralion system through systematic evidence gathering, political
influencing and grassroots campaignAng.
Page 33
ontinued...

INSTITUTE FOR PUBLIC POLICY RE.%EARCH
NOTES TO THE FINANCIAL SI'ATEMENTS - eonlinued
FOR THE YEAR ENDED31ST DECEMBER 2023
15.
EMPLOYEE BENEFIT OBLIGATIONS,
All staff have the opwrtullity to take wt in a 5takebold¢r petL8ion schenie under a salary sacrifice arngement with
a nominated defined ¢ontnl)ution group stak¢bold¢r pension ￿h￿rne. ConmbutÉOnS are ￿counted for in the
iuco]n¢ and eX￿diture account wh¢n paid. The P￿s1On costs charged in ￿ year amount¢d tt) £246.299 (2(V2:
£209.653). At the balance sh& dat¢ there wer¢ £nil (2022: £18J88) of outstsnding contrkntions..
I& RELATED PARTY DISCLOSURES
During the year the company recharged costs of £076.052 {2022: £378.666) to IPPR Trdding Ltd. At 31 D￿be[
2022 the was owed from IPPK Trading Ltd £286.599 (2022: £328.856).
17.
INVESTMENT IN SUBSIDIARIES
Ihc investrnent of £100 represents the wlKile of the issued share capital, which is rnad¢ up of £1 ordinary share& of
IPPR Trading Ltl a company inconx)rated in Great Britain. which carries out commissioned research on public
policy. The company$ gross income for the year fo 31 December 2023 was £771,558 (2022: £460,667> and the net
result for the period of £nil (2022.. £nil). There will be no donation to the holding company leaving a net balance
sheet total of £lOO.
IPPR Tradints Lttl- Summarv rofit and loss account
?￿23
21Y22
'rurnover
Cost of sales
Administyative ¢xpths¢s
Donations to holding coinpany
771J58
(771.493)
(65)
460.667
(460.527)
(140)
(LossyProfit on ordAnary activitA
Page 34