ACCOUNTS - Final Accounts

Creditors: amounts falling due within one year

BRIGHT BLUE CAMPAIGN - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-02-282021-02-2868true2020-03-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07940506 2020-03-01 2021-02-28 07940506 2019-03-01 2020-02-29 07940506 2021-02-28 07940506 2020-02-29 07940506 c:Director2 2020-03-01 2021-02-28 07940506 c:Director3 2020-03-01 2021-02-28 07940506 c:Director4 2020-03-01 2021-02-28 07940506 c:Director5 2020-03-01 2021-02-28 07940506 c:Director6 2020-03-01 2021-02-28 07940506 c:Director7 2020-03-01 2021-02-28 07940506 c:Director8 2020-03-01 2021-02-28 07940506 d:FurnitureFittings 2020-03-01 2021-02-28 07940506 d:FurnitureFittings 2021-02-28 07940506 d:FurnitureFittings 2020-02-29 07940506 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-03-01 2021-02-28 07940506 d:ComputerEquipment 2020-03-01 2021-02-28 07940506 d:ComputerEquipment 2021-02-28 07940506 d:ComputerEquipment 2020-02-29 07940506 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-03-01 2021-02-28 07940506 d:OwnedOrFreeholdAssets 2020-03-01 2021-02-28 07940506 d:CurrentFinancialInstruments 2021-02-28 07940506 d:CurrentFinancialInstruments 2020-02-29 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 07940506 d:CurrentFinancialInstruments d:WithinOneYear 2020-02-29 07940506 d:RetainedEarningsAccumulatedLosses 2021-02-28 07940506 d:RetainedEarningsAccumulatedLosses 2020-02-29 07940506 c:FRS102 2020-03-01 2021-02-28 07940506 c:AuditExempt-NoAccountantsReport 2020-03-01 2021-02-28 07940506 c:FullAccounts 2020-03-01 2021-02-28 07940506 c:CompanyLimitedByGuarantee 2020-03-01 2021-02-28 07940506 d:WithinOneYear 2021-02-28 07940506 d:WithinOneYear 2020-02-29 07940506 d:BetweenOneFiveYears 2021-02-28 07940506 d:BetweenOneFiveYears 2020-02-29 07940506 2 2020-03-01 2021-02-28 07940506 6 2020-03-01 2021-02-28 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 2021


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT

FOR THE YEAR ENDED 28 FEBRUARY 2021

The directors present their report and the financial statements for the year ended 28 February 2021.

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 create and vet 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.
In 2020-21, after six years operating as a professional organisation, Bright Blue relaunched with new research visions, research projects, events series, associate fellows and a new Chair.
Our work, specifically our events programme, was disrupted by the Covid-19 pandemic, but we adapted relatively quickly and began operating a successful virtual events programme.

Our detailed analysis and innovative policymaking has led to eight significant changes in national government policy in this financial year. This includes:

∙Raising the primary threshold for the payment of Class 1 employees’ National Insurance

∙Funding the trial of a ‘one family, one judge’ system, where victims of domestic violence are only asked to relate their ordeal to one judge throughout the process in the courts

∙A new fund to support innovative approaches to tackling fly-tipping

∙A significant increase in the number of Universal Credit Work Coaches

∙Lifting the temporary cap on total undergraduate places in English universities in 2020-21

∙A new flexible lifelong loan entitlement to four years of post-18 education

∙The UK ending taxpayer support for fossil fuel projects overseas

∙Prohibiting the use of bottom trawling fishing in four of England’s key marine protected areas

We published several publications in 2020-21, including:

∙'Digital disruption?', Centre Write magazine, March 2020

∙'Separate support?, A research report, April 2020

∙'Delivering net zero', A research report, May 2020

∙'Experiences and expectations of businesses during the Covid-19 pandemic', Analysis, July 2020

∙'Going greener?', A research report, October 2020

∙'Family friendly?', Centre Write magazine, October 2020

∙'A better reward? Public attitudes to citizenship', A research report, November 2020

∙'Widening chasms', Analysis, January 2021

∙'Driving uptake', A research report, February 2021

∙'Towards Green Export Finance? Investigating the views of UK exporting firms towards UKEF', Analysis, February 2021

∙'The Great Levelling?', Centre Write magazine, February 2021

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BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2021

We hosted 38 public events in 2020-21, 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 2020-21, which include:

∙Anchor Hanover

∙Aviva

∙B&CE Limited

∙Barrow Cadbury Fund

∙Cadent Gas

∙Calouste Gulbenkian Foundation

∙Centenary Action Group

∙Child Poverty Action Group

∙Drax Group Plc

∙European Climate Foundation

∙Fairer Tax Campaign

∙Federation of Small Businesses

∙Freedom from Torture

∙Future Care Capital

∙Joffe Charitable Trust

∙Joseph Rowntree Foundation

∙Legal & General

∙Lloyds Bank Foundation

∙Lloyds Banking Group

∙MHA

∙National Grid

∙National Grid ESO

∙National Housebuilding Council

∙OFTEC

∙Ombudsman Services

∙People’s Postcode Lottery

∙Provident Financial

∙Shell

∙Shelter

∙Social Enterprise UK

∙The Associated Retirement Community Operators (ARCO)

∙Town and Country Planning Association

∙The Trussell Trust

∙Trust for London

∙Unbound Philanthropy

∙VELUX

∙Water UK

∙WSP UK

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BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2021

Directors

The directors who served during the year were:

D M Banks

P J E Clarke

A L Jezeph

R S Johnson

R Mabey

S Sands

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: 24 November 2021

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

BALANCE SHEET

AS AT 28 FEBRUARY 2021

	28 February	29 February
	2021	2020
Note	£	£

Fixed assets
Tangible assets	5		1,185		3,232
Investments	6		2		-
			1,187		3,232
Current assets
Debtors: amounts falling due within one year	7	37,829		53,602
Cash at bank and in hand		18,295		62
		56,124		53,664
Creditors: amounts falling due within one year	8	(56,094)		(54,875)
Net current assets/(liabilities)			30		(1,211)
Total assets less current liabilities			1,217		2,021

Net assets			1,217		2,021

Capital and reserves
Profit and loss account	1,217	2,021
	1,217	2,021

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

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2021

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: 24 November 2021

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 2021

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

The Company made a loss in the year of £804 (2020: £33,261) leading to a reserves surplus of only £1,217 (2020: £2,021). 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%
				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.

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BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 7


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

2.Accounting policies (continued)

2.13

Borrowing costs

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

2.14

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:

∙£15,000 from the Barrow Cadbury Fund;

∙£30,000 from the Joffe Charitable Trust;

∙£41,500 from the Trust for London Fund; and

∙£21,500 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 8 (2020 - 6).

Page 8


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

5.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 March 2020	6,701	1,756	8,457
At 28 February 2021	6,701	1,756	8,457
Depreciation
At 1 March 2020	3,597	1,628	5,225
Charge for the year on owned assets	1,919	128	2,047
At 28 February 2021	5,516	1,756	7,272
Net book value
At 28 February 2021	1,185	-	1,185
At 29 February 2020	3,104	128	3,232

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 March 2020	-
	Additions	2
	At 28 February 2021	2

Page 9


BRIGHT BLUE CAMPAIGN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

Debtors

					28 February	29 February
					2021	2020
					£	£


Trade debtors	22,950	38,760
Other debtors	-	4,546
Prepayments and accrued income	14,879	10,296
	37,829	53,602

Bank overdrafts	-	16,580
Amounts owed to group undertakings	2	-
Other taxation and social security	22,832	24,100
Other creditors	1,766	11,945
Accruals and deferred income	31,494	2,250
	56,094	54,875


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 2021

Not later than 1 year	22,841	48,119
Later than 1 year and not later than 5 years	16,179	18,044
	39,020	66,163

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