Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2982023-03-01false9truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07940506 2023-03-01 2024-02-29 07940506 2022-03-01 2023-02-28 07940506 2024-02-29 07940506 2023-02-28 07940506 c:Director2 2023-03-01 2024-02-29 07940506 c:Director3 2023-03-01 2024-02-29 07940506 c:Director4 2023-03-01 2024-02-29 07940506 c:Director6 2023-03-01 2024-02-29 07940506 c:Director8 2023-03-01 2024-02-29 07940506 d:OfficeEquipment 2023-03-01 2024-02-29 07940506 d:OfficeEquipment 2024-02-29 07940506 d:OfficeEquipment 2023-02-28 07940506 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07940506 d:CurrentFinancialInstruments 2024-02-29 07940506 d:CurrentFinancialInstruments 2023-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2024-02-29 07940506 d:RetainedEarningsAccumulatedLosses 2023-02-28 07940506 c:FRS102 2023-03-01 2024-02-29 07940506 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07940506 c:FullAccounts 2023-03-01 2024-02-29 07940506 c:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 07940506 d:WithinOneYear 2024-02-29 07940506 d:WithinOneYear 2023-02-28 07940506 6 2023-03-01 2024-02-29 07940506 e:PoundSterling 2023-03-01 2024-02-29 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 29 FEBRUARY 2024


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024

The directors present their report and the financial statements for the year ended 29 February 2024.

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 change government policy and public attitudes.

Business review

Bright Blue is an independent, centre-right think tank that is a home for members of all political parties and none who have liberal, meritocratic, pro-market, institutionalist, internationalist values. Our main outputs are research, events and communications. Our work is guided by seven 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 13 significant changes in national government policy in this financial year. This includes: 

Introducing upfront payment - rather than payment in arrears - of the childcare element of Universal Credit
Uprated maximum amounts claimable under the childcare element of Universal Credit.
Extended Early Years Free Entitlement to children under the age of three
Relaxed staff-to-child ratios in formal childcare settings
Full expensing of capital investment in new plants, machinery and industrial buildings against Corporation Tax
Increasing fines for littering
Banning plastic in wet wipes
Introducing a UK Carbon Border Adjustment Mechanism (CBAM)
Expanding the use of National Development Orders (NDOs) through the use of Permitted Development Rights (PDRs) and Street Votes.
Increasing the maximum Contract for Difference (CfD) strike price for offshore wind power
Upgrading the electricity network to ease the connection of renewable energy projects.
Increased funding to encourage greater use of Local Development Orders (LDOs)
Updating the UK’s afforestation target
 
We published several publications in 2023-24, including:
 
'Home advantage: a new centre-right vision for housing', An essay collection, April 2023
'Back to business?', Centre Write magazine, August 2023
'Alternative policies for the UK’s asylum system', Analysis, September 2023
'Public attitudes towards the plight of and policies for younger people', Analysis, October 2023
'Resilient neighbourhoods, powered by low-carbon energy', A research report, December 2023
'Up in the air? Delivering cleaner air in a socially just way', A research report, December 2023
'Mind your business? Expanding democratic business in the UK', A research report, January 2024

We hosted 39 public events in 2023-24, including conferences, Drink Tanks, 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 2023-24, which include:

Abdrn Financial Fairness Trust
Allianz
Arden Strategies
Page 1


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024

Avanti West Coast
Barnado’s
BCW
Chartered Institute of Personnel and Development
Chevron
Citizens UK
Country Land and Business Association
European Climate Foundation
European Movement
First Avenue Consulting
Five Talents UK
GFG Alliance
Gingerbread
Impact on Urban Health
Joseph Rowntree Foundation
JTI UK
Karbon Energy
KPMG
Liquid Gas UK
Metropolitan Thames Valley
MHP Group
Multiverse
National House Building Council
National Housing Federation
National Residential Landlords Association
Net Zero Technology Centre
Ombudsman Services
Phoenix Group
Power to Change
Revolving Doors
Save the Children
Shell
Shelter
Solicitors Regulation Authority
StepChange
The Incorporated Society of British Advertisers
Together Coalition
Transparency International
Transport Action Network
Trussell Trust
Trust Alliance Group
Trust for London
UK Stop Ad Funded Crime
Unbound Philanthropy
Virgin Money
Youth Futures Foundation

Page 2


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024


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: 25 November 2024

Page 3


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRIGHT BLUE CAMPAIGN
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bright Blue Campaign for the year ended 29 February 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Bright Blue Campaign, as a body, in accordance with the terms of our engagement letter dated 6 January 2015Our work has been undertaken solely to prepare for your approval the financial statements of Bright Blue Campaign and state those matters that we have agreed to state to the Board of Directors of Bright Blue Campaign, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bright Blue Campaign and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Bright Blue Campaign has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bright Blue Campaign. You consider that Bright Blue Campaign is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bright Blue Campaign. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Warrener Stewart
 
Chartered Accountants
  
Harwood House
43 Harwood Road
London
SW6 4QP
25 November 2024
Page 4


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


BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
1,272

Investments
 6 
2
2

  
2
1,274

Current assets
  

Debtors: amounts falling due within one year
 7 
53,009
91,618

Cash at bank and in hand
  
2
1,250

  
53,011
92,868

Creditors: amounts falling due within one year
 8 
(60,837)
(90,508)

Net current (liabilities)/assets
  
 
 
(7,826)
 
 
2,360

  

Net (liabilities)/assets
  
(7,824)
3,634


Capital and reserves
  

Profit and loss account
  
(7,824)
3,634

  
(7,824)
3,634


Page 5


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

    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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: 25 November 2024

The notes on pages 7 to 12 form part of these financial statements.

Page 6


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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 Harwood House, 43 Harwood Road, London, SW6 4QP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the Company made a loss of £11,458 (2023: £9,081) leading to a reserves  deficit of £7,824 (2023: surplus of £3,634). 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:

Office 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 7


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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

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.

 
2.9

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.

 
2.10

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.

 
2.11

Borrowing costs

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

Page 8


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.12

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;
£10,000 from the European Climate Foundation;
£20,000 from Power to Change;
£10,000 from the Trust for London Fund; and
£30,000 from the Abdrn Financial Fairness Turst.

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 8 (2023 - 9).

Page 9


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
3,814



At 29 February 2024

3,814



Depreciation


At 1 March 2023
2,543


Charge for the year on owned assets
1,271



At 29 February 2024

3,814



Net book value



At 29 February 2024
-



At 28 February 2023
1,272


6.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 March 2023
2



At 29 February 2024
2




Page 10


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,201
34,847

Other debtors
100
100

Prepayments and accrued income
51,708
56,671

53,009
91,618



8.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
12,243
19,242

Amounts owed to group undertakings
1,930
14,655

Other taxation and social security
26,108
40,493

Other creditors
16,056
13,618

Accruals and deferred income
4,500
2,500

60,837
90,508




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.

Page 11


 
BRIGHT BLUE CAMPAIGN
 
(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
-
34,240

-
34,240

 
Page 12