Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01false99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07940506 2022-03-01 2023-02-28 07940506 2021-03-01 2022-02-28 07940506 2023-02-28 07940506 2022-02-28 07940506 c:Director2 2022-03-01 2023-02-28 07940506 c:Director3 2022-03-01 2023-02-28 07940506 c:Director4 2022-03-01 2023-02-28 07940506 c:Director6 2022-03-01 2023-02-28 07940506 c:Director8 2022-03-01 2023-02-28 07940506 d:FurnitureFittings 2022-03-01 2023-02-28 07940506 d:OfficeEquipment 2022-03-01 2023-02-28 07940506 d:OfficeEquipment 2023-02-28 07940506 d:OfficeEquipment 2022-02-28 07940506 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07940506 d:ComputerEquipment 2022-03-01 2023-02-28 07940506 d:CurrentFinancialInstruments 2023-02-28 07940506 d:CurrentFinancialInstruments 2022-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2023-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2022-02-28 07940506 c:FRS102 2022-03-01 2023-02-28 07940506 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07940506 c:FullAccounts 2022-03-01 2023-02-28 07940506 c:CompanyLimitedByGuarantee 2022-03-01 2023-02-28 07940506 d:WithinOneYear 2023-02-28 07940506 d:WithinOneYear 2022-02-28 07940506 d:BetweenOneFiveYears 2023-02-28 07940506 d:BetweenOneFiveYears 2022-02-28 07940506 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 07940506













BRIGHT BLUE CAMPAIGN
(A Company Limited by Guarantee)
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

The directors present their report and the financial statements for the year ended 28 February 2023.

Principal activity

The principal activity of the Company in the year under review was that of defending and improving liberal society. Our primary role is to vet, explain, change and create government policy.

Business review

Bright Blue is an independent think tank for liberal conservatism. Our main outputs are research, events and communications. Our work is guided by seven new research themes: bountiful economy; clean environment; good lives; rewarding work; empowering government; just institutions; and connected communities.
Our detailed analysis and innovative policymaking has led to 15 significant changes in national government policy in this financial year. This includes: 
 
Raising the salary threshold for employees and self-employed paying National Insurance
Expanding R&D Tax Credit to include cloud computing and data
Maintaining the telemedicine abortion service after the pandemic
Introducing a flexible lifelong loan entitlement
Removing the ability of local authorities to charge for the disposal of DIY waste from households at waste disposal sites
Appointing Ofgem as the new regulator for heat networks
Relaxing planning constraints on onshore wind
Cancelling the rise in employers’ National Insurance Contributions, and the employer’s element of the Health and Social Care Levy
Increasing the generosity and availability of the Seed Enterprise Investment Scheme (SEIS)
Extending the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) 
Maintaining the Green Levy on energy, but paid for via taxpayers
Cutting Stamp Duty for nearly all first-time buyers
Banning plastic in wet wipes
Increasing the value of state benefits in line with inflation
Increasing the value of the National Living Wage in accordance with recommendations by the Low Pay Commission

We published several publications in 2022-23, including:

'Energising enterprise: reforming business taxes', A research report, March 2022
'Greening UK Export Finance', A research report, April 2022
'Stepping up: public attitudes to addressing the cost of living crisis', Analysis, April 2022
'A vision for tax reform in the 2020s', A research report, May 2022
'A carbonless crucible? Forging a UK steel industry', A research report, July 2022
'State shifting?', Centre Write magazine, August 2022
'An agenda for action: Reducing racial inequality in modern Britain', An essay collection, August 2022
'Picking up the pieces: tackling littering and fly-tipping in England', Analysis, October 2022
'Work in progress? Supporting the self-employed after the pandemic', A research report, November 2022
'Building up: The future of social security', A research report, January 2023
'Greater and greener homes: more homes, ready for net zero', A research report, February 2023

Page 1


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023

We hosted 54 public events in 2022-23, including conferences, Drink Tanks, Bright Blue TV episodes, Ludgate Lectures, public panel debates, and report launch events. Our speakers have included leading politicians from all major political parties.

We are grateful to our funders in 2022-23, which include:

Aviva
British Diabetic Association
British Heart Foundation
Budweiser
Cadent Gas
Centre for Ageing Better
Charities Aid Foundation
Chartered Management Institute
Christians Against Poverty
Coca Cola
Coventry City Council
Crop UK
Enertechnos
European Climate Foundation
Food Foundation
Forrest Brown
GFG Alliance
Impact on Urban Health
Independent Age
International Rescue Committee
Joffe Charitable Trust
Joseph Rowntree Foundation
KPMG
Konrad Adenauer Stiftung
Legal Education Foundation
Lloyds Bank Foundation
LV =
MBDA
National House Building Council
NESTA
Net Zero North West
North West Business Leadership Team
Offshore Energies UK
Provident Financial
Power to Change
Revolving Doors
Save the Children
SGN
Shell
Shelter
Social Enterprise UK
Solicitors Regulation Authority
StepChange
Transparency International
Page 2


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023

Trust for London
Unions 21
Viridor

Directors

The directors who served during the year were:

D M Banks 
P J E Clarke 
A L Jezeph 
R Mabey 
R P Shorthouse 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





R P Shorthouse
Director

Date: 3 November 2023
Page 3


 
BRIGHT BLUE CAMPAIGN
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:07940506


BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,272
2,543

Investments
 6 
2
2

  
1,274
2,545

Current assets
  

Debtors: amounts falling due within one year
 7 
91,618
121,834

Cash at bank and in hand
  
1,250
8

  
92,868
121,842

Creditors: amounts falling due within one year
 8 
(90,508)
(111,672)

Net current assets
  
 
 
2,360
 
 
10,170

Total assets less current liabilities
  
3,634
12,715

  

Net assets
  
3,634
12,715


Capital and reserves
  

Profit and loss account
  
3,634
12,715

  
3,634
12,715


Page 4


 
BRIGHT BLUE CAMPAIGN
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:07940506

    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





R P Shorthouse
Director

Date: 3 November 2023

The notes on pages 6 to 12 form part of these financial statements.
Page 5


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Bright Blue Campaign is a private company limited by guarantee, incorporated and registered in England and Wales, United Kingdom. The registered office is Second Floor, 4-8 Ludgate Circus, London, EC4M 7LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the Company made a loss of £9,081 (2022: profit of £11,498) leading to a reserves  deficit of £3,634 (2022: surplus of £12,715). Having considered this and available information to date, financial and otherwise, the directors believe the Company remains a going concern and, therefore, the accounts remain prepared using the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Office equipment
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 7


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Restricted income

During the year, the Company received restricted grants as follows:
 
£28,530 from Impact on Urban Health;
£40,000 from the European Climate Foundation;
£10,750 from the Trust for London Fund; and
£10,687 from the Lloyds Bank Foundation for England & Wales.

The restricted income is to be used exclusively for those purposes specified in the grant offer letters and for no other purpose without prior written consent from the grant providers.


4.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 8


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2022
3,814



At 28 February 2023

3,814



Depreciation


At 1 March 2022
1,271


Charge for the year on owned assets
1,271



At 28 February 2023

2,542



Net book value



At 28 February 2023
1,272



At 28 February 2022
2,543


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
2



At 28 February 2023
2




Page 9


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
34,847
35,100

Other debtors
100
-

Prepayments and accrued income
56,671
86,734

91,618
121,834



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank overdrafts
19,242
19,666

Amounts owed to group undertakings
14,655
5,652

Other taxation and social security
40,493
49,084

Other creditors
13,618
35,020

Accruals and deferred income
2,500
2,250

90,508
111,672


Page 10


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

Page 11


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the Company in the event of liquidation.


10.


Commitments under operating leases

At 28 February 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
34,240
22,841

Later than 1 year and not later than 5 years
-
16,179

34,240
39,020

 
Page 12