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 be￿een 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 sha￿d 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