ACCOUNTS - Final Accounts

Commitments under operating leases

At 28 February 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

BRIGHT BLUE CAMPAIGN - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-282021-03-019true8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07940506 2021-03-01 2022-02-28 07940506 2020-03-01 2021-02-28 07940506 2022-02-28 07940506 2021-02-28 07940506 c:Director2 2021-03-01 2022-02-28 07940506 c:Director3 2021-03-01 2022-02-28 07940506 c:Director4 2021-03-01 2022-02-28 07940506 c:Director5 2021-03-01 2022-02-28 07940506 c:Director5 2022-02-28 07940506 c:Director6 2021-03-01 2022-02-28 07940506 c:Director7 2021-03-01 2022-02-28 07940506 c:Director7 2022-02-28 07940506 c:Director8 2021-03-01 2022-02-28 07940506 d:FurnitureFittings 2021-03-01 2022-02-28 07940506 d:FurnitureFittings 2022-02-28 07940506 d:FurnitureFittings 2021-02-28 07940506 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07940506 d:OfficeEquipment 2021-03-01 2022-02-28 07940506 d:OfficeEquipment 2022-02-28 07940506 d:OfficeEquipment 2021-02-28 07940506 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07940506 d:ComputerEquipment 2021-03-01 2022-02-28 07940506 d:ComputerEquipment 2022-02-28 07940506 d:ComputerEquipment 2021-02-28 07940506 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07940506 d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07940506 d:CurrentFinancialInstruments 2022-02-28 07940506 d:CurrentFinancialInstruments 2021-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2022-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2021-02-28 07940506 c:FRS102 2021-03-01 2022-02-28 07940506 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 07940506 c:FullAccounts 2021-03-01 2022-02-28 07940506 c:CompanyLimitedByGuarantee 2021-03-01 2022-02-28 07940506 d:WithinOneYear 2022-02-28 07940506 d:WithinOneYear 2021-02-28 07940506 d:BetweenOneFiveYears 2022-02-28 07940506 d:BetweenOneFiveYears 2021-02-28 07940506 6 2021-03-01 2022-02-28 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 2022


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT

FOR THE YEAR ENDED 28 FEBRUARY 2022

The directors present their report and the financial statements for the year ended 28 February 2022.

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 eight significant changes in national government policy in this financial year. This includes:

∙Including international aviation and shipping in new carbon budgets

∙Extending the Youth Mobility Visa scheme to India

∙Ensuring all new UK bilateral aid is spent in a way that does no harm to nature

∙Accelerating the phase-out of coal to 2024

∙Enabling discretionary suspensions of the Minimum Income Floor for Universal Credit claimants

∙Ensuring the central government vehicle fleet will be zero emission as soon as possible

∙Making the right to flexible working a right from day one

∙Extending the student loan repayment period to 40 years

We published several publications in 2021-22, including:

∙‘Shaky foundations’, Analysis, March 2021

∙‘Increasingly precarious? Young adults during the pandemic’, Analysis, May 2021

∙‘Home truths’, A research report, May 2021

∙'Benefit to all? Financial experience of Universal Credit claimants during the pandemic’, Analysis, May 2021

∙‘Nature positive? Public attitudes towards the natural environment’, A research report, July 2021

∙‘Green money: a plan to reform UK carbon pricing’, A research report, July 2021

∙‘Under stress? The experiences of benefit claimants during the pandemic’, Analysis, August 2021

∙‘Target secured?’, Centre Write magazine, August 2021

∙‘Beyond the safety net? Informal sources of support for Universal Credit claimants during the Covid-19 pandemic’. Analysis, September 2021

∙‘No place like home: The benefits and challenges of home working during the pandemic’, A research report, December 2021

∙‘In deep water? Mapping the impacts of flooding in the UK since 2007’, A research report, January 2022

∙‘Blown off course? Public perceptions and expectations of the current Government’, Analysis, January 2022

∙‘Favourable climate?', Centre Write magazine, January 2022

∙‘Rightfully rewarded? Reforming taxes on work and wealth’, A research report, January 2022

∙‘Sustained pressure?’, Analysis, February 2022

∙‘Fast track? European climate diplomacy after COP26, A research report, February 2022

We hosted 76 public events in 2021-22, including conferences, Drink Tanks, Bright Blue TV episodes, Ludgate Lectures, public panel debates, and report launch events. We hosted fringe events at COP26, Conservative Party Conference, and Labour Party Conference. Our speakers have included leading politicians from all major political parties.

Page 1


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2022

We are grateful to our funders in 2021-22, which include:

∙AECOM

∙AutoTrader

∙Aviva

∙Barrow Cadbury Trust

∙BBC

∙Budwesier

∙British Glass

∙Cadent Gas

∙Calor Gas

∙Calouste Gulbenkian Foundation

∙Centenary Action Group

∙Citizens Advice

∙Crack the Crises

∙Crop Protection Association

∙Eaton

∙EDF

∙Energy Efficiency Infrastructure Group

∙European Climate Foundation

∙Fair Share UK

∙Federation of Small Businesses

∙Generation Rent

∙GFG Alliance

∙Innasol

∙Joffe Charitable Trust

∙John Ellerman Foundation

∙Joseph Rowntree

∙Konrad Adenauer Stiftung

∙KPMG

∙Lloyds Bank

∙Lloyds Bank Foundation

∙Local Trust

∙LV= (Liverpool Victoria)

∙Magic Breakfast

∙National Grid

∙Network for Social Change

∙Nomadic

∙Nuclear Industry Association

∙Nuffield Foundation

∙People’s Postcode Lottery

∙Poverty2Solutions

∙Power to Change

∙Provident Financial

∙Revolving Doors

∙Save the Children

∙Smart Energy GB
Social Enterprise UK

∙Solicitors Regulation Authority

Page 2


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2022

∙StepChange

∙SSE

∙Terravesta

∙Trade Union Congress

∙Trust for London

∙Unions21

∙Viridor

∙WasteAid

∙Water UK

∙Women’s Aid

∙WSP UK

Directors

The directors who served during the year were:

D M Banks

P J E Clarke

A L Jezeph

R S Johnson (resigned 25 November 2021)

R Mabey

S Sands (resigned 22 August 2022)

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: 6 September 2022

Page 3


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

BALANCE SHEET

AS AT 28 FEBRUARY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	5		2,543		1,185
Investments	6		2		2
			2,545		1,187
Current assets
Debtors: amounts falling due within one year	7	121,834		37,829
Cash at bank and in hand		8		18,295
		121,842		56,124
Creditors: amounts falling due within one year	8	(111,672)		(56,094)
Net current assets			10,170		30
Total assets less current liabilities			12,715		1,217

Net assets			12,715		1,217

Capital and reserves
Profit and loss account	12,715	1,217
	12,715	1,217

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

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2022

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: 6 September 2022

The notes on pages 6 to 11 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 2022

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 profit after tax of £11,498 (2021: loss of £804) leading to a reserves surplus of £12,715 (2021: £1,217). 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.

Page 6


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

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.

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.

Page 7


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

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.

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.

Page 8


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

3.	Restricted income

During the year, the Company received restricted grants as follows:

∙£12,000 from the Barrow Cadbury Fund;

∙£10,750 from the Trust for London Fund; and

∙£10,688 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.

Employees

The average monthly number of employees, including directors, during the year was 9 (2021 - 8).

5.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 March 2021	6,701	-	1,756	8,457
Additions	-	3,814	-	3,814
Disposals	(6,701)	-	(1,756)	(8,457)
At 28 February 2022	-	3,814	-	3,814
Depreciation
At 1 March 2021	5,516	-	1,756	7,272
Charge for the year on owned assets	1,185	1,271	-	2,456
Disposals	(6,701)	-	(1,756)	(8,457)
At 28 February 2022	-	1,271	-	1,271
Net book value
At 28 February 2022	-	2,543	-	2,543
At 28 February 2021	1,185	-	-	1,185

Page 9


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 March 2021	2
	At 28 February 2022	2

Debtors

					2022	2021
					£	£


Trade debtors	35,100	22,950
Prepayments and accrued income	86,734	14,879
	121,834	37,829

8.	Creditors: amounts falling due within one year
		2022	2021
		£	£

Bank overdrafts	19,666	-
Amounts owed to group undertakings	5,652	2
Other taxation and social security	49,084	22,832
Other creditors	35,020	1,766
Accruals and deferred income	2,250	31,494
	111,672	56,094


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 10


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

Not later than 1 year	22,841	22,841
Later than 1 year and not later than 5 years	16,179	39,020
	39,020	61,861

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