COMPANY REGISTRATION NUMBER: N1656760 CHARITY REGISTRATION NUMBER: 108559 Politics in Action Company Limited by Guarantee Unaudited Financial Statements 31 August 2023 AUBREY CAMPBELL & COMPANY Chartered accountants 631 Lisburn Road Belfast BT9 7GT
Politics in Action Company Limited by Guarantee Financial Statements Year ended 31 August 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 20 Notes to the detailed statement of financial activities 21
Politics in Action Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 August 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023. Reference and administrative details Registered charity name Politics in Action Charity registration number 108559 Company registration number N1656760 Principal office and registered 83 University Street office Belfast BT71HP The trustees Mr D Scott Ms A Burke Mr R Feeney Dr D Gallagher Ms A Mallon Mr D M¢Quillan Ms M Mcwilliams- Patron Mr R Ross Ms P Yarnell (Appointed 27 June 2023) (Resigned 27 June 2023) (Appointed 20 September 2022) (Resigned 30 October 2023) Independent examiner John Magee FCA 631 Lisburn Road Belfast BT9 7GT Structure, governance and management Politics in Action, a company limited by guarantee and registered charity, is governed by a board of trustees. Their task, in conjunction with employed senior management, is to oversee the administration of the charity, safeguard it's assets and resources to ensure that they are used solely in the furtherance of its charitable objectives, and to act in its best interests at all times. Board meetings take place periodically, with extraordinary meetings held when necessary, and an general meeting is held on an annual basis. The day to day business of Politics in Action is managed by Executive Director, Mr Paul Smyth (appointed June 2022). The Executive Directorfs role is to ensure that the charity delivers against its agreed objectives. During this financial year there was a small administrative function provided on a freelance basis, and the organisation also contracted external facilitators to help deliver the programmes in schools.
Politics in Action Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2023 Objectives and activities Politics in Action, a shared education initiative, was established in 2018 to provide a platform and a conduit to amplify the voices of young people through active collaboration with politicians, activists, and high-profile partners. Through learning, knowledge sharing, and nurturing the skills required to discuss important issues constructively, the charity supports young people to actively engage the aforementioned groups of people and with each other, to create a more equitable, inclusive political landscape, with six principles in mind - equity, kindness, reconciliation, partnership, diversity and fun. The trustees confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland and are pleased to report that, during the period, Politics in Action has continued to provide public benefrts through the programmes and services it offers. Strategic report The following sections for achievements and performance, financial review and plans for future periods form the strategic report of the charity. Our six values (agreed in the Strategic Plan) are equty, inclusion, fun, respect, partnership and young person centred.
Politics in Action Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2023 Achievements and performance As intimated above, the mission of Politics in Action is to empower young people in Northern Ireland to make a difference on issues that are important to them, and to hold those in power to account by having their voices heard at the heart of government. Politics in Action founder, Peter Weil, a Northern Ireland native and former BBC and Discovery Executive amongst other roles, established the charity back in 2018 and developed the organisation for four years before retiring from the Board and his role as Chief Executive (on a voluntary basis). As part of this, he formed an enthusiastic and influential team of trustees, who successfully attracted financial assistance from the Rank Foundation and the David Cross Young People's Fund. The first school partnership beeen St Dominic, Grammar School for Girls in Belfast and Friends. School Lisburn was established almost immediately, and the charity quickly established a network of schools across the province who would begin to collaborate on a number shared education programmes. In Spring 2020, Politics in Action was forced to quickly adapt to the challenges of the unfolding Covid-19 pandemic. Working with both funders and school partners, the charity's work with young people in clusters of schools was able to continue virtually, in schools and at home. There followed series of 'Town Hall, sessions with high-profile speakers such as Michele O'Neill MLA, Sir Jeffrey Donald50n MP, Lord Weir, Doug Beattie MLA. Naomi Long MLA, Colm Eastwood MP and Taoiseach Leo Varadkar. Funding from the Irish Department of Foreign Affairs (Reconciliation Fund), the Communty Foundation for Northern Ireland and the National Lottery Community Fund in 2020 and 2021 allowed Politics in Action to continue and develop its work in local cross community clusters, attracting participation from 25 schools. This also resulted in the creation of the Executive Director position (allowing Peter Weil to step down from his voluntary role in December 2021), now occupied by Mr Paul Smyth who has long been associated with the successful administration of charities in Northern Ireland. The role was first filled by Dr Patricia O'Lynn in October, who left in May 2022 and was subsequently elected to the Northern Ireland Assembly. As above, Politics in Action became a recognised charity in February 2022. The charity established it's first office in September 2022 in Mediation House on University Street, Belfast. At the July meeting of the Trustees, Paul set out a short-term strategy to consolidate {ensuring all the organisation's systems are fit for purpose and that the organisation is delivering on the outcomes agreed with funders), develop (including rebranding and building the reputation of the organisation) and grow Politics in Action (with a new Strategic Plan and by attracting new funders and supporters).
Politics in Action Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnuedJ Year ended 31 August 2023 Financial review The Executive Director and his team are committed to the future of Politics in Action. The organisation is working to secure additional funds from existing funders, to attract new funders and to generate income and attract donors. Durtng the year ended 31st August 2023, net incoming resources of £160,790 were generated (2022'.£63,024). The charity received funding from a wide range of public and private funding sources during the period, chiefly the National Lottery (Community Fund and The International Fund for Ireland, and also from The Ireland Fund. Total expenditure in the period, to include estimated year end administrative accruals, totalled £178,568 {2022.'£81,498}. The charity remains in a strong cash and reserves position where total reserves available total £48,660 (2022.. £86,437), with restricted fund reseNes available of £21,506 (2022=£38,618), and unrestricted fund reserves available of £27,153 (2022..£27,219). Plans for future periods From September 2023 the National Lottery (Community Fund) continued to support Politics in Action's main body of programmes as part of a 3 year pledge until August 2024. Politics in Action secured funding from the Intemational Fund for Ireland's 'Communities in Partnership Programme in September 2022. Due to the success of that project linking Portadown College with Loreto Community College in Milford, Donegal - the fund have awarded a new grant of £157,635 to expand and continue the project to December 2024. Politics in Action were excited to receive an award from the Ireland Funds, Heart of the Community scheme in September 2022. This grant established the 'Young Evaluators, project where the charity is training young people as evaluators to work alongside our external evaluators. The fund have given a second grant in June 2023 of £15,000 to support the core costs of the organisation. On 18th April 2023, the charity was invited to take part in historic events at Queen's University to commemorate the 25th Anniversary of the BelfasUGood Friday Agreement, which brought 250 young people to share their ideas for the future, and to meet key figures in the peace process. In June 2023 the charity secured another grant from the Irish Department of Foreign Affairs, Reconciliation Fund, to support the salary of the Executive Director. Politics in Action is finalising a new Strategic Plan which will set the direction for the charity and see it grow further having a greater geographical reach, reaching more young people and in particular those facing tougher social realities. and working with partners to increase our reach and impact across these islands and beyond.
Politics in Action Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2023 The trustees, annual report and the strategic report were approved on 26 March 2024 and signed on behalf of the board of trustees by: Burke Trustee rRRoss Trustee
Politics in Action Company Limited by Guarantee Independent Examiner's Report to the Trustees of Politics in Action Year ended 31 August 2023 I report to the trustees on my examination of the financial statements of Politics in Action ('the charity.) for the year ended 31 August 2023. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act'} and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper un rstanding e accounts to be reached. Magee entE aminer 631 Lisburn Road Belfast BT9 7GT 26 Mar 24
Politics in Action Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 August 2023 Period from 1Nov21to 31 Aug 22 Year to 31 Aug 23 Unrestricted Restricted funds funds Total funds Total funds Note Income and endowments Donations and legacies Total income 12,242 148,548 160,790 63,025 12,242 148,548 160,790 63,025 Expenditure Expenditure on charitable activities Total expenditure 17,935 160,633 178,568 81,499 17,935 160,633 178,568 81,499 Net expenditure {5,693) (12,085) (17.778) (18,474) Transfers between funds 4.663 (4,663) Net movement in funds {1,030) (16.748) (17.778) {18,474) Reconciliation of funds Total funds brought forward Totsl funds carried fonNard 27,820 38,618 66,438 84,911 26,790 21,870 48,660 66,437 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 18 fonn part of these flnan¢lal statomènts.
Politics in Action Company Limited by Guarantee Statement of Financial Position 31 August 2023 2023 2022 Note Fixed assets Tangible fixed assets 13 3,773 Current assets Debtors Cash at bank and in hand 14 22,575 67,498 90,073 177 72,260 72,437 Creditors: amounts falling due within one year Net current assets 15 45,186 6,000 44,887 66,437 Total assets less current liabilities 48,660 66,437 Net assets 48.660 66,437 Funds of the charity Restricted funds Unrestricted funds 21,870 26,790 38,617 27,820 Total charity funds 18 48,660 66,437 For the year ending 31 August 2023 the charty was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 26 Mar 24, and are signed on behalf of the board by: Ms A Burke Trustee Mr R Ross Trustee The notss on pageg 9 to 18 fomi part of these financlal statements.
Politics in Action Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 83 University Street, Belfast, BTI 1 HP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future event5 that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes- restricted income funds or endowment funds.
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (continugd) Year ended 31 August 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are inclLsded for the contribulion of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charty apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2023 Accounting policies {¢ontinued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the ststement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Equipment 200h reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergie5 of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charty becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
Politics in Action Company Limited by Guarantee Notes to the Financial Statements {contlnued) Year ended 31 August 2023 Accounting policies (contlnued) Financial instruments (contlnuedj Where investments in shares are publicly traded or their fair value can othejwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimient at the end of each reporting date. If there is objective evidence of impaimient. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of signfficance, and other financial assets that are individually significant, these are assessed individually for impaiment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related seNi¢e, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company, being a company limited by guarantee, does not have share capital. The liability of members of the company is limited to £1 per member. 12
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 August 2023 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Grants Grants receivable - Unrestricted (UR) Grants receivable - Restricted (R) 12,242 12,242 148,548 148,548 148,548 12,242 160,790 Unrestricted Funds Restricted Total Funds Funds 2022 Grants Grants receivable - Unrestricted {UR) Grants receivable - Restricted (R) 12,524 12,524 50,501 50,501 12,524 50,501 63,025 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Politics in Action shared education programmes Support costs (11,559) 29,494 51,945 108,688 40,387 138,181 17,935 160,633 178,568 Unrestricted Funds Restricted Total Funds Funds 2022 Politics in Action shared education programmes Support costs 1,000 31,396 18,646 30,457 19,646 61,853 32,396 49,103 81,499 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2023 Total fund 2022 Politics in Action shad education programmes 40,387 138,181 178,568 81,499 13
Politics in Action Company Limited by Guarantee Notes to the Financial Statements f¢ontinued) Year ended 31 August 2023 Analysis of support costs Analysis of support costs Total 2023 Totsl 2022 Staff costs General office Governance costs Support costs 80,155 4,050 24,746 29,230 138,181 80,155 4,050 24,746 29,230 30,545 3,855 22,401 5,052 138,181 61,853 Net expenditure Net expenditure is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets 943 10. Independent examination fees Period from Year to 1 Nov 21 to 31 Aug 23 31 Aug 22 Fees payable to the independent examiner for.. Independent examination of the financial statements Other assurance services 3,000 1,000 2,750 3,250 4.000 6,000 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. Period from Year to 1 Nov 21 to 31 Aug 23 31 Aug 22 Wages and salaries Employer contributions to pension plans 75,465 4,690 80,155 28,954 1,591 30,545 The average head count of employees during the year was 3 (2022: 2). The average number of full-time equivalent employees during the year is analysed as follows- 2023 2022 No. Management & administrative staff No employee received employee benefits of more than £60,000 during the year (2022: Nil). 14
Politics in Action Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2023 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 13. Tangible fixed assets Equipment Cost At 1 September 2022 Additions 4,716 At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Carrying amount At 31 August 2023 At 31 August 2022 4,716 943 943 3,773 14. Debtors 2023 2022 Other debtors 22,575 177 15. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Social security and other taxes 8,783 35,571 832 6,000 45,186 6,000 16. Deferred income 2023 2022 Amount deferred in year 30,011 15
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2023 17. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,690 (2022: £1,591). 18. Analysis of charitable funds Unrestricted funds At 1 September 2022 At 31 August 2 023 Income Expenditure Transfers Politics in Action unrestricted funds 27,820 12,242 (17,935) 4.663 26,790 At 1 November 2021 At 31 August 20 22 Income Expenditure Transfers Politics in Action unrestricted funds 47,692 12,524 (32,396) 27,820 Restricted funds At 1 September 2022 At 31 August 2 023 Income Expenditure Transfers Politics in Action restricted funds 38,618 148,548 (160,633) (4,663) 21,870 At 1 November 2021 At 31 August 20 22 Income Expenditure Transfers Politics in Action restricted funds 37,219 50,501 (49,103) 38,617 16
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (continugd) Year ended 31 August 2023 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,953 37,352 {13,515) 26,790 819 52,722 (31,671) 21,870 3,772 90,074 (45,186} 48,660 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 33,820 (6,000) 27,820 38.617 72,437 (6,000) 66,437 38,617 17
Politics in Action Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 August 2023 20. Funding summary Transfers tolfrom Income Expenditure General Fund Opening balance Closing balance General Funds (unrestricted)". The National Lottery (restricted) Nl Community Relations Council (restricted) Department of Foreign Affairs (restricted) Community Foundation Northem Ireland {restricted) The National Lottery- Community Fund (restricted) International Fund for Ireland (restricted) Interim Funds Central (restricted) The Ireland Fund (restricted) 27,820 12,242 17,934 4,662 26,790 10,719 (9.036) (1,686) 539 (792) 253 6,175 (3,963) 363 2,575 8,201 (1,943) (6,258) 14,844 63,333 (62,153) (1,119) 14,905 (1,663) 76.524 (78,195) 3,783 449 {197) {197) 8,691 (4,751) 3,940 'General Fund (unrestricted) includes balances from the following funds= Rank Foundation (unrestricted) Cross Foundation (unrestricted) Glencree Centre for Peace & Reconciliation (unrestricted) Education Authority (unrestricted) 18
Politics in Action Company Limited by Guarantee Management Information Year ended 31 August 2023 The following pages do not form part of the financial statements. 19
Politics in Action Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 August 2023 Period from 1 Nov21to 31 Aug 22 Year to 31 Aug 23 Income and endowments Donations and legacies Glencree (UR) Education Authority (UR) Sundry grants & donations (UR) Community Fund Nl (R) Lottery Community (R) International Fund for Ireland (R) The Ireland Fund (R) 2,524 6,000 4,000 3,000 47,501 12,242 63,333 76,524 8,691 160,790 63,025 Total income 160,790 63,025 Expenditure Expenditure on charitable activittes Wages and salaries Pension costs Rent Insurance Other motorltravel costs Legal and professional fees Other office costs Depreciation Other interest payable and similar charges DetailedSOFAExpenditureOnCharitableActivitiesType2H DetailedSOFAExpenditureOnCharitableActivitiesType3H DetailedSOFAExpenditureOnCharitableActivitiesType4H DetailedSOFAExpenditureOnCharitableActivitiesType5H 75,465 4,690 5,532 1.180 447 24.746 4,050 943 28,954 1,591 196 22,401 5,870 174 833 20,281 1,199 646 40,262 216 20,391 178,568 81,499 Total expenditure 178,568 81,499 Net expenditure (17,778) (18,474) 20
Politics in Action Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 August 2023 Period from Year to 1 Nov21to 31 Aug 23 31 Aug 22 Expenditure on charitable activities Politics in Action shared education programmes Activities undertaken directly Direct charitable activity 1 other office costs Direct charitable activity 1 grants to schools Direct charitable activity 1- facilitation costs Direct charitable activity 1- costs of fundraising 2,015 550 17,081 40,262 125 40,387 19,646 Support costs Support charitable activity 1- wageslsalaries Support charitable adivity 1- pension costs Support charitable activity 1 rent Support charitable activity 1 insurance Support charitable activity 1- other motornravel costs Support charitable activity 1 legal and professional fees Support charitable activity 1- other office costs Support charitable activity 1 depreciation Support charitable activity 1- other interest payable and similar charges Support charitable activity 1- venue hire Support charitable activity 1- programme evaluation costs Support charitable activity 1- training costs Support charitable activity 1 re-branding 75,465 4,690 5,532 1,180 447 24,746 4,050 943 28,954 1,591 196 22,401 3,855 174 283 3,200 1,199 646 91 20,391 138,181 61,853 Expenditure on charitable activities 178,568 81,499 21