CI TAS LI I VI M TED THE I TUTE FOR THE STUDY OF CI L SOCI NSTI VI EW

( gi er dCha iynumbe 1 5 ) Re st e rt r 08 494 ( Compa y l t d byGua a ee Re sta i numb ' 2 54 n i e mi r nt , gi rton el40 3 1)

REPORT AND FI NANCI STATEM ENTS AL
FOR THE YEAR ENDED 31 DECEMBER 2007

CI TAS LI I VI M TED THE I TUTE FOR THE STUDY OF CI L SOCI NSTI VI ETY

CONTENTS

Page Legaland Adm i st atve I or aton ni r i nf m l 2

Repor oft Tr ees t he ust

3-6

Repod oft I he ndependentAudior t s

St em entofFi at nanci Actvii al i tes

8

Bal ance Sheet

Accountng Polci i i es

Not t t Fi es o he nanci St em ent al at s

11-1 4

CI I S LI I V TA M TED THE I TUTE FOR THE STUDY OF CI L SOCI NSTI VI ETY

LEGAL AND ADMI STRATN E I NI NFORMATI ON

Tr ees/ r oO oft Chart e Com pany ust Diect he iabl
Chaiman r Deput Chaiman y r Tr easur er The Honour e Justn Shaw abl i Si Pet W aler r er t s The Hon Mr Si i Le Mar s la v chant Meg Al l en Pati Bar rck bour I Br van adbur y DrPhii Br l own p

Pr essorKennet Mi of h nogue Dougl Myer CBE as s
Lor Vi d nsonofRoddam Dene Ot Ofi s oft Chart her fcer he iy
Executve Diect i r or Deput Diect y r or DrDavi Gr d een Rober W hel l an

Com pany Secr ar et y
Regi er Ofi st ed fce

DrDavi Gr d een
77 Gr Pet Steet eat er r London SW IP 2EZ www. vi or uk ci t as. n.

W ebsieAddr t ess

Banker s

Bar ays Bank pl cl c PalMalCor at Banki Cente l l por e ng r PO Box 1 5163 London SW I 1QD A
The Cooper i Bank atve PO Box250 Skel sdal W N8 6W T mer e

COI Chartes Deposi Fund F i i t CCLA I est tManagementLi t nv men mied 80 Cheapsi de L ondon EC2V 6DZ
I ndependentAudior t s

Lolj n i eoh
Charer Acc ant and Regi er Audi s t ed ount s st ed t or 1W esf r Ci tery r cus Canar W har y f Lopdon E1 4HD 4

Chart Regi r i Num ber iy staton
Com pany Regi r i Num ber staton

1085494 4023541

2

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ETY

REPORT OF THE TRUSTEES Yearended 31 December2007

Th Trse ( o ar as te Di cor o t eCha i l Comp n Lmi db Gu a te)pr e tteirpo tor e u tes wh e lo h r t s f h e rabe t a y i t y arne es n h r e rf e
t yearended 31 Decem ber2007 The pr he esent i oft Fi at on he nanci St em ent r lcs t r r al at s efe t he equiement oft s he

Sttmen o Re omme de Prcie -Ac unig a Repot g b Ch ris ( s ed i Marh 200 ) t ae t f c n d at c co t nd n ri y a ie i u n c n t s 5 , he
Com pani Act1985,and t Chary' gover ng documentas outied bel es he is t ni l n ow
St em entofTr ees'Responsi ltes at ust biii

The Tr ees ar r ust e esponsi e f pr i t AnnualRepof and t Fi alSt ement i accor bl or eparng he t he nanci at sn dance wih t appl e l and r atons i cabl aw egul i Com pany I r r t Tr ees t pr e Fi aw equies hè ust o epar nanci St ement f each fnanci year Undert I t al at s or i al hat aw he Tr ees have el ed t pr e t Fi ust ect o epar he nanci St ement i accor al at s n dance wih Uni Ki t t ed ngdom Gener l al y

Ac eped Ac ou tn Pr cie ( î Kigdo Ac ou ig St d ds a d appiabl lw) Th Fiancal c t c n ig a t Unt n m c nt c ed n an ar n l ea c e n i
St ement ar r r by I t gi a tue and f rvi oft st e ofafais oft Company and oft at s e equied aw o ve r ai ew he at fr he he sur us ordefci oft Company f t perod I pr i t pl i t he or hat i n eparng hese Fi alSt ement t Tr t ar nanci at s he usees e r r t equied o:
sel suiabl accountng pol es and t appl t ect t e i i ci hen y hem consit l, s ent y'

mak j d eme t a d e t tsta ae ras abean pu n' e u g ns n si e h t r e on l d rde t ma ,
* st e whet appl abl acc i st at her i e ountng andar have beenf l c ds ol owed; pr e t Fi epar he nanci St ement on t goig concer basi unl i i iappr i e t pr al at s he n n s ess t s n oprat o esume t t hat he Companywi contnue i oper l l i n l aton

The Tr ees ar r ust e esponsi e f k ng pr bl or eepi operacc i r ds,f s eguar ng t asset oft Company ountng ecor or af di he s he andf t pr or he eventonand det tonoffaud and ot ir ar is i eci r her regul ie t

Const uton a Obec i s i i nd j tve t
Ciias Li t alo known ast I iut f t St ofCiiSoci y,i esabl hed underisMemor vt mied, s he nstt e or he udy v l et s t i s t andum and Adil ofAssoci i dat 29 June 2000 and am ended on 23 November2000,and i a r st ed chart, c es aton ed s egi er i y num ber1085494.

Det l oft Com pan s curentTr ees,ot Ofier and Advi s ar setouton page 2 Meg Al n and I ai s he y' r ust her fc s sor e l e van Br adbur wer appoi ed as addiinal ust on 22 May 2007 and 11 Sept y e nt t Tr ees o ember2007 r espec iel tv y Under t Company' Memor he s andum of Assocï i t Chart i es ablshed t advance t st and aton, he iy s t i o he udy under andi ofr i on and et cs i Soci yand anyot chart e pur st ng el gi hi n et her iabl pose
Or saton oft Chart gani i he iy The Tr t super se t managementand adm i sr i oft Chart The day t day r ng of t usees vi he nitaton he iy o unni he Chart i delgat t t Executve Diect and hi Deput iy s e ed o he i r or s y.

Tr ees wih r evantexperence and expedi ar r uied on mertfom among t ust t el i se e ecr t ir hose wih a demonstat t r ed comm imentt t ai oft chart t o he ms he iy
Revi oft Years Achi ew he ' evement and Peror ance s f m

As saed ab v te Ch i ' p icialobecie ae t ad an e te su y an u d sa dig o r ii an tt o e, h arys rn p j t s r o v c h td d n ertn n f el on d t v g etisi So i va dan oh c rn epup e 1 oreroa iv i Obecie t eCh rt do stef lvig: hc n cet n y ter hai bl ros 0 d t che e t j t s h a i e h ol z # t s v y o n
@ Di scover sol ins t soci pr em s. s uto o al obl

. I l mpement pi e ig poe t t de srt wh c b a c ih s on ern rj cs o mon tae at an e c ompl ed s
. Suppl school wih t i es s t eachi m at i s and guestspeaker ng eral s @ Suppors i or t nf med publ debat and encour î c e ages consensus by: o Pr di accur e f ualif maton on t ovi ng at act n or i oday' soci i s alssues o Publ ng i or i shi nf med comm entand analsi y s o Brngi t herI ng pr agonit i open di i ng oget eadi ot ss n scussi n o

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ER

REPORT OF THE TRUSTEES Yearended 31 Decem ber2007

l 20 7teCh i ' o j cie wer a iv d b tef lwigaciie : n 0 h arys be t s e che e y h ol n t t s t v o vi
The i oft f l ng publ i ssue he ol owi i ons: cat

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' ii Capl l b Du a Re i ( a ar ' rual t ' y nc n eke J nu y) Sp t a' ' h Caes' yNikSe ' o r 'b c ddon( rar) W Febu y Cii Re iw -' f Thach ran Bl r b DavdGren( ebrar) vt as ve ' t A er t e d ai' y i e F u y ' Nai ofI gr t?' yDa d Con ( r) i t A on mmi ans 'b vi way Apf l ' F aer t'b Dann Kr g ( i ' r t ni ' y On y y u er Apr) l ' r p inof h Cu r ulm'e t b Rob tW h l ( n ' ut Cor o t e ri u ' di y er ean Ju e) c ed Onie Re or - ' tii Ac e emen ( ais Edu t Pol is 'b Ana tsi d W aa an Nik l n p t Arical hiv f t Bl r ' cai on i e l y sa a e c l d c Co n (un 20 ) we J e 07 a e onteStt'b Dou asMurayan J s Br d ( g t Hat h ae' y gl r d ame an on Au us)
Onl Repors - ilhe Resul Gener i 'by Anast a de W aaland Ni Cowen and ' ng i atKey i ne t it s aton' asi ck ' Faki t

Stge2' yAn t i deW a ( gu t a 'b asasa alAu s) @ Onl Rep - ' d t Rea ( nisan p orler yta i )b NikCo an An t i de i ne od ' y o d? Pho c d o i ac e chng y c wen d asasa Rea t W aa ( t r lSepembe ) . Onie Re s-'nn v to n ed Comp tt n' tus h welaewe?'b J l n pod ' o a in e s I e io ' i t ow l r i &l ' y amesGub ( t er b Ocob ) * ' i Lie He e ' yNikSe don( ember Qut k av n'b c d e Nov )
The hol ng oft f l ng semi s: di he olowi nar

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NeiAd s -' tDici n t La 'Feb u r) l dion Ani s r ai ws ( r ay - mi on NikCo n-f h ' Ifofh L f ( r h c he W at e t te eo'Ma c ) s Da i Pek - ' en e Ed ai : h ti if ''Mac ) vd rs Sci c uc t W a s tor ( rh on ? Ch lsMura an Fr Fel - ' el e Reor ( i ar e ry d ank i d W f ar f m'Apr) I Sy dKamal- ' h tPr p t f a Lbeal e Euop ''Ma ) e l W a os ecs or i r i d r e?( y s Pau Ma o - ' l alat n'J e l s n G ob i i (un ) s o Shi Mal - ' l (uy v i l am'J I) k s L r Elot dDanAtis - l na yIl d'Juy ary l an i kn on Fa ts san ( I) J n P r- ' w c nwema eteNHS mor In v t e ( I) oh eti Ho a k h e n o ai ?'Juy v J inL Gr n -d oc i Ed c to 'J y) ul e a d ch ie n u a in (uI a IaW ara - ' h l n taMu l ( t e ) b rq W y am o si Ocob r m' Rob tNa lr- 'h Fou dainEx rmen an UCHL: a iwore ?'Ocob r er yo T e n t o pe i t d h s t k d ( t e) An e Anh y- ' w a Gul Lb al os hsW a 'Oco r drw ton Ho iy ier L t i y ( tbe) t NoneDar s - ' e tDic s on ( v er i wih Gu s s u si 'No emb ) Ay anHi i i eb t wi Ed Hu an( v mb ) a r AId ae t s h s î No e er Da i Grenan Ls Hare -' ef et W or 'De emb ) vd e d ia k r W l o k ( c er ar

EU Prjc: oe t A tt ofo er1 EU e nswer h d i s ho s( 1 t k an 1 d ae )aco s te c unr,wi 84 oal v 37 ve t e el n c ol 1 8 als d 9 eb ts rs h o ty t h
speak s ac iel padii i i t pr amme er tv y c patng n he ogr

EU Fa t ( e c t rs rec ti ng70f t e t e paiigtede eop t teEU,t isi t n cs an du ai e ouc onani on acsh es x l nn h v l men ofh i n tui s s to an p iis was prdu e a a CDd ol e ) c o cd s ROM a d 1 0 c piswee s n t to e s h l p cp t g i te n 8 o e r e t o h s c oos adiiai n h n
pr am me,whi many mor st ogr l e e udent and t s eacher accessed t f sheet onl Feedback has been s he act s i ne overvhel ngl posive,f v mi y t ocusi prm arl on t r our s si e f m at r ek i ng i i y he es ce' mpl or , el ance t A-evelculî a and o l -cul f i p aly. m adi i t The second Natonal6t For Coner e on t EU1entt d ' î h m f enc he il d e Emer ng fom i perod ofr l ton:W hat gi r t s i efeci does t f ur hol f t EU?' was hel att Emm anuelCente i W es mi eron 8 Mar 2007 621 he ut e d or he ' I d he r n t nst ch s udent fom 41 school atended and r ved a seres of I ur and debat f urng a number of t s, r s t ecei i ect es es eat i speaker i udi Kennet Cl k QC MP and Lor Pear ofRannoch s, ncl ng h are d son

A me ig on' e Eurpe iai o Cutr an Edu ai ' s h d i c j cinwi Glb Vii i et n Th o ans t f l e d c t wa el n onun t t o al son n on u on o h
November The event f ur an expl i b Chrs Heat Hari MEP of t EU i iut eat ed anaton y i on- rs he nst i t ons' i easi y pr i ncr ngl om nent i er î i memberst es'schoolcuri a i or t pr nt ventons n at rcul n der o esenta f avour e abl i pr on oft Uni m essi he on

CI TAS LI TED VI MI THE I TUTE FOR THE STUDY OF CI L SOCI NSTI VI EW The New ModelSchool :

REPORT OF THE TRUSTEES Yearended 31 Decem ber2007

Because polc maker have been so sl t r s st fy s ow o aie andar f chi en fom I i ds or l dr r ow-ncome househol , w e ds have f ounded t New ModelSchoolCom pany t brng prvat educaton wihi t r he o i î e i t n he each of t vast he

maory o p ens b makn hi qu i pr y s ho ig a ai bl atte Iwes p si e pr e.I j i f ar t y t ig gh aly i t mar c ol v l e h o t os bl i n n a c
addii we ai t show t diec t ton, m o hat r t eachi bytadii met ng r tonal hods i mcr efectve t t s e f i han eachi based on ng ' scover ' underwhi chi en ar supposed t I n f t di y, ch l dr e o ear or hemseles wjh t t v t he eacheras f lat , r her acii or at t t a pr essi who i pars knowl han of onal m t edge The fr tNew ModelSchool cal Mapl W al School was is , l ed e k , est i abl shed on a smal scal i Sept l e n ember2004 i Queens Par l 2005 i moved t I ger pr ses i n k. n t o ar emi n KensalTown A sie i Haresden has been pur t n l chased by a chart e tus t bui pr ses f i iabl r t o l emj or t d s expansi t seven yeargr on o - oups.Is success has enc aged us t atem ptt r i e t m odeli ot t our o t o epl cat he n her ar of London and out de.The New ModelSchoolCom pany Li t i a separ e com pany, i whi eas si mied s at n ch Ci t Li i has no i er i is isued shar ,not 10 t t fnanci st ement set outf t vias m t ed nt est n t s es' e o he i al at s s urher det l aboutt com pany ais he

Sup e t ySc ool Prj t plmenar h s oec:
'h s ppe t y s o s prj th p diad ana d c lr n rac tei f la d c p t t l r s T e u lmenar ch ol oec els s v tge hi e e h h r ul ca emi oeni , aie d a
t raspiatons and open up oppodunii t gi t ,and t rcom munii , a beterf ur hei ri tes o ve hem hei tes t ut e

ot s her

Mostoft chi en adendi oursupplm ent y school ar under evi academ i l. Thei par s he l dr ng e ar s e achi ng cal y r ent ar ofen not hi y educat and I t knowldge and oppodunii t hel t r chi r succeed e t ghl ed ack he e tes o p hei l en d academ ial O urhi qualy t c l y. gh- i eacher use tadii t s r tonalt eachi met ng hods and m at i s, concentatng on eral r i r ng by phoni and ment art eadi cs al ihmetc W e em phasie sel- sci i , coudes and c der i f i s fdi pl ne y onsi aton or

Att end of 2006 we wer r ng f cl es i London. l 2007 we opened si mor clsses he e unni our ass n n x e a

t s ho h iay 28 c l e wer b efigfom t eprjc b t een of20 7 he c ol ol s 0 hl n e en in r h oe t y h d d dr t 0

Ha mmermi Keghly Sgak i,Br f d, mb welan Kiur W ealor a t al l s d îg s t i e , rhl ador Ca er l d l n h, l b s un ddion cases ur i n

W e contnue t see excel r t I t 2007 summerschoolt r ng age oft youngerchidr i o l esuls. n he ent he eadi he l en

i r edb a a er e o on y aran ni mo t si j s at we p i mpov y n v ag f e e d ne n h n u t wo ek er od

I 20 wewont awarsf te prjc : Templt F e om Awa df So i Enr r eushpanda n 07 wo d or h oe t a eon r ed r or cal tepen r i
Cente f Soci Justce awar f excelentwor i addr ng i porantsoci i r or al i d or l kn essi m t alssues

L d Bo n Ac myCommu t Prj c: on on xig ade ni oe t y
The London Boxî haS con i ng tnued t gr and devel i 2007 Fr humbl begi ngs t cour now o ow op n om e nni he se wor wih 24 st ks t udent fom y s 10 and 11 and i udes academi I s r ear ncl c essons i Engl , m at I ar, n i sh hs, CT, t hi or economi st i is,sci st yr cs, atst c ence and musi l or t pr de t s I ofser ce we now have ni c n der o ovi hi evel vi ne per anentst fand a hostofvol eer Al m af unt s ongsi pr di boxi spod and academ j , t LBA has de ovi ng ng, cs he alo encour s aged st t t r or t rbehavi wih a r uden s o ef m hei our t ange ofmet hods t i ude ment s, fei ti hat ncl or i d rps and com muniy i vement Thi yearhas seen a week-ong muliact i ti t Devon, a day ti t t t nvol s l t- i t rp o vy rp o he Bank ofEngl as wel as outngs f go- t and pai balng The yearal saw 7 st and l i or kars nt l i so udent siand pass s t t rAQA adul Ier and m at exams aswelas t bul oft pr atons f t st hei t i acy t hs l he k he epar i or en udent t si t r s o t hei GCSE exams i t summerof2008. n he

Thes ac î tesar con i ng i 2008. e tvi i e tnul n
Fi nanci Posli and Reser Polcy al ton ves i

At31 De embe 200 te Compa yh n ta ses o E10 9r 5 (00 -E 6: ) rprs ne b u r sr td c r 7h n ad e s t f ,4 08 2 6 78 056 y e e e td y n e ti e c g n aI uro e f d o E4 3 ( 0 -: 6,90 an rsr t f d o E5 ,6 ( 0 -: 398 6) The e e er p p s un s f 79 25 20 6 44 1 ) d e ti ed un s f 697 0 20 6 3 ,6 . s c
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aec niee aalbea dae u tt fllh o lain o tecai frh frs ebeftr r o sd rd v i l n l q aeo ui e bi t s fh hryo te oee a l uue a ft g o t

The pol y oft Tr t i t mait n a fnanci r v up t t equial tofan aver years expendiur , i c he usees s o n ai i al esere o he v en age ' te

t b e c d onyfrs cf dpupo e s c a prvso f pe s sorpoe t su j c t r titdfn n o e x ee ed l o pe ie r s s u h s o iin or rmie rjcs be to esrce u dig i

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CI TAS LI I VI M TED THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ETY

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have est ihed s ems t mii e t abl s yst o tgat hose rsks i The prnci rsk f ng t Chary i t i does not r se suïcinti i pal i aci he i s hat t t ai e ncome t be abl t covert cos of o e o he t chart e act ies and gover i abl i t vi nance coss t
Di osur QfI or aton t Audior scl e nf m i o t s

So f as each Tr ee i awar t e i no r evantaudi i or aton ofwhi t Company' audior ar ar ust s e, her s el t nf m i ch he s ts e unawar and each Tr ee has t e, ust aken al t seps t he oughtt have t I he t hat o aken as a Diect oft Company i r or he n or t make hi fawar ofan r evantaudi i or i and t est i t t Com pany' audi s ar der o msel e y el t nf maton o abl hat he sh s t or e awar oft i of i e hat nf maton
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6

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ETY

REPORT OFTHE I NDEPENDENT AUDI TORS

I NDEPENDENT AUDI TORS'REPORT TO THE M EM BERS OF CI TAS LI I VI M TED

W e have audi t Fi t he nanci St ement of Ci t Li t f t year ended 31 Dec ber2007,whih ed al at s vias mied or he em c com prse t St ementof Fi i he at nanci Actvii t Bal al i tes, he ance Sheet and t r at not num ber 1 t 1 , he el ed es ed o 0 These Fi nanci St ement have been pr ed undert accountng pol i setoutt ei al at s epar he i i es c her n Thi r s epod i m ade sol y t t Company' mem ber as a body, i accor s el o he s s, n dance wi Secton 235 oft t h i he Compani Ac 1985. Ouraudiwor has been undedaken so t we m i st e t t Company' member es t t k hat ght at o he s s t hose mater we ar r r t st e t t t s e equied o at o hem i an audi ' r n t s epod and f no ot pur or or her pose To t f l he ul est ext per it by I we do notacceptorassume r ent m ted aw, esponsi ly t anyone ot t t Com pany and t bit o i her han he he Company' m em ber as a body,f ouraudiwor f t s r s s or t k, or hi epod,orf t opii we have f med or he n ons or
Respectve Responsi l i ofTr ees and Audior i bil es t ust t s

The Tr ees'r ust esponsi li f pr i t Fi alSt ement i accor bites or eparng he nanci at i sn dance wih appl e l Unied t i cabl aw, t

Kigdo Ac ou tn St ars an te Ch ies St eme o Rec n m c n ig and d d h ari ' at nt f ommen ed Prcie ( i Kigdo t d a t Unt n m c ed Gen al Ac epe Acc uni Prcie ar se ou i t St e to Trse ' p sbit er l c td o t y ng a tc ) e t t n he atmen f u tes Res on i li ies
Our r esponsi ly i t audi t Fi bit s o i t he nanci St ement i accor al at s n dance wih r evant Igal and r at y t el e egul or

r ie t a d lt n inal a darsonAu t g ( andIelnd equrmens n nerat St n d o din UK i ra )
W er epod t you ouropi on as t whet t Fl o ni o her he nanci St ement gi a tu and f rviw and ar pr l al at s ve r e ai e e opery pr ed i accor epar n dance wih t Com pani Act 1985 W e al r tt y whet ,i ouropii , t t he es so epor o ou her n n on he i or aton gi i t Tr ees'Repor i consit wih t Fi nf m i ven n he ust ts s ent t he nanci St em ent al at s

l addii we r n ton epod t you i,i ouropi on,t Com pan has notkeptpr o fn ni he y operaccountng r ds!iwe have i ecor f notr ved al t i or i and explnatons we r r f our audi,or i i or i specli by I ecei l he nf maton a i equie or t f nf maton fed aw r di Tr ees'r egar ng ust emuner i and ot tansactons i notdi osed aton her r i s sci
W e r t Tr t ead he usees'Repor and consi t i pl atons f ourr ti we become awar ofany appar t der he m i i or c epor f e ent mi at sst ement wihi i s t nt Basi ofOpi on s ni

W e c du t ou au ti a c d ewi It nai al an dsonAu t g ( an Ielnd ,s ue b te on ced r di n c oranc t ner t St dar h on din UK d r a ) is d y h i
Audii Pr ies Boar An audi i udes an exam i i on a t basî ofevience r evantt t amount tng actc d. t ncl naton, est s, d el o he s and dicl es i t Fi s osur n he nanci St em ent l al i udes an assessmentoft sl fcant estmat and al at s t so ncl he gnii i es Pol es ar appr i e t tn Company' cicumst i ci e oprat o le s r ances,consi enty appl and adequat ydi osed st l i ed el scl

j gmens mad b te Trse i te pr art ofte Fi n a Stt t,a d of ehe teAc ou tn ud t e y h u tes n h ep ai on h na cil aemens n wh t r h c n ig
W e pl anned and peror f med ouraudi so as t obt n aIt i or in and eypl i whi we consi ed t o ai I he nf mato anatons ch der necessar i or t pr de us wih sufii evience t gie r y n der o ovi t f ent d c o v easonabl assur e ance t t Fi al hat he nanci St ement ar fee fom mat i m i at ent whet caused by faud or ot ir art or eror I at s e r r eral sst em , her r her regul iy r ,n f mi ouropi on we al eval ed t over ladequacy oft pr or ng ni so uat he al he esent i of i or i i t Fi al aton nf maton n he nanci St ement at s
Opi on ni

I ouropi on t Fi n ni he nanci St em ent gi a tue and f rvi i accor al at s ve r ai ew, n dance wih Uni Ki t t ed ngdom Gener l al y Accept Accountng Pr ie, of t st e of t Company' afais as at 31 December 2007 and of i ed i actc he at he s fr t s i ncom i r ng esour and appl i ofr ces i on esour i udi i i cat ces, ncl ng t ncome and expendiur f t yeart ended, s t e, or he hen and have been pr l pr ed i accor opery epar n dance wih t Compani Act1985 i ouropi on t i or i t he es n ni he nf maton gien i t Tr ees'Repor i consi entwih t Fi v n he ust ts st t he nanci St ement al at s.
l
. <

Lite n tlj

Charer Account s t ed ant

C7 #* 20 ) ?) 08 -

and Regit edAudior s er ts

1 CfE14 iu Weta Ccr sey4HDf arWhs nr r a London

CI TAS LI I VI M TED

STATEMENT OF FI NANCI ACTI TI AL VI ES

THE I TUTE FOR THE STUDY OFCI LSOCI NSTI VI ER

(ncor a i anIcomeand Exp t eAc t i portng n endîur coun )
Yearended 31 Decem berzoo;
2007 Rest i ed rct Funds 806,84 6
2007 Tot al Funds

I ncom e and Expendiur t e

2007 Unr rct est i ed Not e Funds
209, 003

2006 Tot al Funds 51 730 0, 21, 1 22 4, 116 28, 4 91

I ncom i Resour ng ces I om i r our fom gener ed f nc ng es ces r at unds: Volnt yi u ar ncome -Donatons i Act ii f gener i f i tes or v atng unds: Mem ber p pr amm e shi ogr Subscrptons ii I t nvesmenti ncome -I er and di dendsr vabl nt est vi ecei e I ncomi r ouresfom chart e actviis: ng es c r iabl i te - Conf ence er - Publ at i i sal c on es Sundl i ncome
Tot I al ncom i Resour ng ces Resour Expended ces Costofgener i f atng unds: Mar i ketng Chart e aci tes: i abl tvii
-

1, 687 015,
29, 218 4, 726 51, 668
-

29, 218 4, 726 51, 668
83,25 1 1, 315

83, 125 1, 315 806,84 6 1, 739 185,

3, 331 134, 942 1,43 1 704, 388

379, 055

9! Q77 274, 669 11, 064 27, 526 10, 324 29, 993 41, 633 10, 739 4, 953 1 889 65,
38, 467 5, 075 216, 378

9. 077
274, 669 11, 064 27, 526 10, 324 29, 993 41, 633 10, 739 4, 953 165, 889 38, 467 5, 075 21 378 6,

16, 719
35, 558 5, 676 3. 760 7, 474 461 745 26, 841 9,37 4 290, 856

-

-

Cenr F So i Co eso Prj c te or cal h in oe t Dy lxi Buray Prj t se a s r oec Euop n Relt nsPrj t r ea ai o oec F l StdesPrjc ami u i oe t y Heat Al n t e Prj I t ai s oed h er v L d n Bo igAc de Prjc on o xn a my oe t Ne Mod Sc o Prjc w el h ol oe t Oursa St yPrj c Ilnd or oe t Su lmenar Sc ool Prjc ppe t y h s oe t
Bookpubl ng i shi Semi s and meetngs nar i
Resear ch

Gover nance cost s Tot Resour Expended al ces NetI ncom i Resour f t Year ng ces or he Ot Recogni Gai and Losses her sed ns Real sur us on diposal i i sed pl s of nvest mentas set Unr iedsur uson i t eal s pl nvesmentasset NetMovementi Funds n 5 5

268, 997 77, 469 3 466 46, 32, 589 546
-

576, 790 576, 790 229, 894

845, 787 77, 469 923, 256 262, 483 546

443, 066 871 522 530, 588 173, 800 670

33, 135
446, 190 9 :479, 325

229, 894
339, 866 2569, 760

263, 029
7861 056 E1, 085 049,

174, 470
611, 586 E786, 056

Fund bal ances br oughtf war of d
Fund bal ances car i f war red or d

The Company has no r ecogni gai or I ses ot t as st ed above AI of t ac iiis r esent sed ns os her han at I he tvt epr e contnui actviesoft Chart i ng i t i he iy

TheAccountng Pol es and Not onpages 10 t 14 f m paf oft i i ci es o or t hese Fi alSt ement nanci at s
8

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ER
Not e

BALANCE SHEET At31 Decem ber2007
2007 2006

Fi Asset xed s

Tangi e f ed asset bl i x s Fi ass ivest s xed et n ment

4 5

3, 720

3, 026 6, 194
9, 220

3, 720
CurentAssel r

St ofbooks f r al ock or es e Rentdeposi t Sundr debt s and pr y or epayment s
VAT r ecover e abl St fseason tcketI af i oans Cash atbank and i hand n

18, 638

L nt Ne Mod Sc oo ( eatro y ) oa o w e! h ldu fe ne ear

1 0
6

7 ,6 26 4
5, 325 8, 264 2,591

1,109 1, ,061 095 1,03, 2 652

22, 230 69, 648 5, 325 11, 531 6, 556 342 782, 133

8971 765

Cr t s:Am ount Fali Due W ihi One Year edior s lng t n Sundr cr t s y edior Tax and socî securt coss al iy t
1 260 2, 21, 027

10, 123 10, 806
20, 929 1, 365 170,
876, 836 886, 056

33, 287
NetCurentAsset r s

Tot Asset I Cur entLi ltes al s ess r abiii

1, 085 174,

Cr t s:Am ount Fali Due AferMor edior s lng t ' e Than OneYear
Restit pur rc ed poseI oan
NetAsset s

125, 000

100, 000

:1, 085 049,

E786, 056

Funds Resti edf rct unds Unr rct f esti ed unds

8

569, 760 479, 325 E1, 085 049,

339, 866 446, 190
DN QR n rc *.lWkpj WU W

Appr oved and aut i f î horsed orssue byt Boar ofTr ees on'.X a 2 0 he d ust 2 y 08 and sined on is behal by g t f

J >a 1
The Honour e Justn Shaw abl i
l
v
.
.

Tr ee ust
y

The Hon M r Sivi Le Mar s la chant

Tr ee ust

The Accountng Pol es and Not on pages 10 t 1 f m par oft i i ci es o 4 or t hese Fi nanci St emens al at t
9

CI TAS LI TED VI MI THE I TUTE FOR THE STUDY OF CI L SOCI NSTI VI ETY

ACCOUNTI POLI ES NG CI

Basi ofaccountng s i

The Fi alSt em ent ar pr ed undert hi orcalcostconvent n apad fom fxed asseti est t nanci at s e epar he st i i o r i nv mens, whi ar sat atm ar val and i accor ch e t ed ket ue, n dance wih t Com pani Act1985.t Chart s Act1993,t t he es he ii e he

Stt ntofRec aeme omme e Prcie -Ac o t g a d Rep t g b Ch ies ( s ed i Ma c 2 5 ,a d nd d a t c c uni n n ori y ari i u n r h 00 ) n n t s
appl e accountng sandar The specic accountng pol esadopt ar setoutbel i cabl i t ds f i i i ci ed e ow.
I ncom i r ng esour ces Donat ns and subs i i ar icl i o clptons e n uded as i ncome as soon as t ar r ved,unl t donorhas î hey e ecei ess he mposed pr condii on t use oft f etons he he unds,i whi c t donatons ar cari f war untlhe pr c tons ar n ch ase he i e red or d it e-ondii e met Gr s and sat or f ng ar r ant t ut y undi e ecogni once t r sed he esour i r ei e by t chart an can be ce s ec vabl he i d y measur wih r onabl r i ly G is i ki such as asset gien f use by t chart ar r ed t eas e el i f n nd, abit l s v or he iy e ecogni as sed i ncom e when r ved and ar r ded att restmat mar vale Asset gien f diti i b t chary ecei e ecor hei i ed ket u s v or s rbuton y he i t ar r e ecogni as i ome when diti ed Vol ar hel i not r sed nc s rbut unt y p s ecogni i t St ement of Fi al sed n he at nanci Act ii i tes v

Resour expended ces
AI expendiur i account f on an accr s basi St fsal i ar al cat t chart e actviis or I te s ed or ual s af ares e l ed o o iabl i te gover nance cost ona tm e- tbasi s i spen s
Depr aton eci i

Depr at n i pr ded on alt bl fxed asset atr es catul ed t wrt of t costofeach asset I an eci i s ovi o Iangi e i s at at o i f he e , ess y r dualval evenl overi expect usef le Of ce f ni e and equi esi uel y t s ed ul i f i ur t ur pmenthas an expect usef Ie of ed uli f be- een 3 and 5 year s
St ocks

St ocksar val att Iwerofcostand netr i e val e ued he o eal sabl ue. Oper i I atng eases Renal pai underoper i l ts d atng easesar char t i e ged o ncome as i r ncured
Taxaton i

As a chart Ciias Li t i gener l exemptfom t i wi t excepton ofVal Added Tax The chart i i vt mied s y, al y r axaton t he h i ue i s y r st ed f VAT and expendiur i st ed excl ngt r at VAT egi er or t e s at udi he el ed Fund accountng -r rct desi ed and unr rct f i esti ed, gnat esti ed unds
Restit f rced unds comprse donat i i and gr s t have been r ved f specii pur ons ant hat ecei or fc poses or have been

s jc t s ecf c dt si os d b t d or De in edfn c r eu e tit fnd s ta i b te ube t o p ic on ion mp e y he on i i sg at u ds ompi nrsr ed u s e sde y h s c

Tr ees f specii pur ust or fc poses Unr rct f esti ed unds m ay be used f t pur or he poses oft chart att Tr ees' he i y he ust di eton scr i
I nvest ent m s

I nvest s ar i uded i t Fi ment e ncl n he nanci St ement at t r mar etval Unr i gai and I al at s hei k ue eal sed ns osses ar e i uded i t St em ent of Fi ncl n he at nanci Act iis and ar com put by r er e t t mar et val of t al i te v e ed ef enc o he k ue he i t s att begi ng oft year Gai or I ses arsi fom t sal of i ment ar shown as nves ment he nni he ns os i ng r he e nvest s e r i eal sed Pensi Cont i i on rbutons The Chart oper es a defned conti i pensi scheme f cerai ofi seni em pl ees The f i y at i rbuton on or t n t s or oy unds of t scheme ar admi st ed by Tr t and ar separ e fom t Chart Conti i ar pai b t he e ni er us ees e at r he i y rbutons e d y he Chart and empl iy oyees The pensi char r esent conti ins pay e by t Chart f t year The on ge epr s rbuto abl he iy or he Chart s I ly i I i t t am ount oft conti i iy' i i s i t o he abit m ed s he rbuton

10

CI TAS LI I VI M TED THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI EW

NOTES TO THE FI NANCI STATEMENTS AL

I or aton r di Tr ees and Em pl nf m i egar ng ust oyees
St fcost af s: W ages and sal i i udi benefs ares,ncl ng i t Soci securt cost al iy s Pensi conrbutons on ti i

2007

2006

476, 060 51, 19 4 17, 409

309, 856 32, 741 15, 895 2358, 492
12

2544, 888 The aver num berofper age sons em plyed byt Company durng t y was: o he i he ear
15

Th e waso e e ly ewi emolmensfrte y ri te r geE8 00 t E9 00 ( 0 - o e b t en er n mpo e t h u t o h ea n h an 0, 0 o 0, O 20 6 n ewe :8 00 an E 00 ) l a t ,te ch i p i E1 ,3 (00 -29471 i t y rf te po iin o 0, 0 d 90, O . n ddion h ary ad 07 5 2 6 , ) n he ea or h rvso f i t
moneypur chase pensi beneft f t s em pl on i or hi s oyee No ot em pl her oyees r ved emol ecei ument f t yeari s or he n

e c ssof: 0 ( 06- Ni TheTrse wer n trmun ae an dd n tr li a ye p s i te xe 50,00 20 I ) u tes e o e ertd, d i 0 ecam n x en es n h y r( 0 - Nî ea 20 6 I )
2 Gover nance Cost s
20:7 Unr sti ed e rct Funds 2007 Re rct sti ed Funds

2007 Tot al Funds 1, 058
-

2006 Tot al Funds 1, 290 j,68 1 5, 444 1, 900 663 17, 722 31, 428 18, 800 6, 011 1, 533 1,63 5 :87, 522

Account ancy Bank char ges Depr aton eci i I ndependentaudi s'r t emuner i or aton I ance nsur Post age
Rent St fsal i - adm i sr in af ares nitat o St iner and comput suppl s at y o er i e Sundr expenses y Tel ephone

1, 058

3, 413 2, 000 478 10, 986 25, 669 25, 601 4, 873 1, 437 11 954 277, 469

3, 3 41 2, 000 478 10, 986 25, 669 25, 601 4, 873 1, 437 1, 954 :77, 469

3 Oper i Lease Oblgatons atng i i The mi m um Iase payment t wbi t Com panyi c ni e s o ch he s omm it undera non- ancel e oper i I ted c l abl atng ease f or t comi yeart alE28,20,on a pr t I he ng ot 1 opery ease expiig mor t fve year fom t bal rn e han i s r he ance sheetdat e

( 6- 81 ) 200 * ,20

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ER

NOTES TO THE FI NANCI STATEMENTS AL

4 Tangi e Fied Assel bl x
Cost

Ofi f niur f ur t e ce and equi pment 26: 421 4, 107

At31 December2006 Addii tons Di sposal s At31 Decem ber2007

( 511 4, )
26, 017

Depr aton eci i At31 Decem ber2006 Char f t year ge or he Di sposal s
At31 Decem ber2007 23, 395 3, 413

( 511 4, )
22, 297

NetBook Val ue
At31December2007

E3, 720 E3, 026

At31 December2006

Th Compa yh n c i c e n ad o apt ommi t a 31Dec er2 ( 06- Ni al t st men emb 007 20 I )
5 Fi Asse I xed t nvest ment s

2007

2006

Quot i ed nvest menl :
Mar vale at31 December2006 ket u Di sposal s Real ed sur uson i t i s pl nves mentsol d I ease i mar etval ncr n k ue Mar val at31 Decem ber2007 ket ue Hi orcal tor nalmar etval when donat t t Company st i cos/ j gi k pe ed o he 6 RentDeposi t
6, 194

5, 524
670

(7 6,40)
546

E-

E6, 194

E-

E4, 794

Th r tde o io 25l25i su j toach geceaedo 1 Ma 20 7, d ad e i fv r Th Brih e en p st f 3 s bec t ar r t n 4 y 0 un er e d n a ou of e is t
and For gn Bi e Socl y,as securt f almoni due undert t ms ofa I ei bl et i or 1 y es he er ease expii on21Mar 2014 rng ch Ii t r t s hus ecover e afermor t one y abl t e han ear Rest i ed Pur rct pose Loan The Company has r ved a Ian fom a chart e tus f t pur ecei o r iabl r t or he pose ofsuppori t devel tng he opmentoft he New ModelSchoolThe l i unsecur i er tfee,and has no fxed r oan s ed, nt es r i epaymentdat alhough t tust e, t he r has con imed t no r fr hat epaymentwoul be soughtuntlatI 1 Januar 2009,and onl t ite New Model d i east y y hen f h Schoolhas made a tadi sur us and i abl t r r ng pl s e o epay aIorpaf ofisas at l fom t Com pan I t t soci ed oan r he y

12

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI ETY
8. Rest it Funds rc ed

NOTES TO THE FI NANCI STATEMENTS AL

Bal ance at 31 Decem ber 2096

Bal ance at 31 Decem ber l ncom e Expendiur t e 2007

Ce te F So al eso Prjc Fu d nr or ci Coh in oe t n Co ni StdesPrj Fu d mmu t u i oed n y
20, 000

4 02 28,9

( 4,69 27 6 )

1 ,23 534
20, 000

Dy lxi Bus yPrj tFun se a rar oec d
Euop anRelt sPrj tFu r e ai on oec nd

10 0,00

20,0 00

(1,6 1 0 4)

1 ,3 89 6

53,3 30
1 ,2 03 4

68721 ,
3 33 7, 0

( ,26) 275
( 03 4 1 ,2 )

95 4,25
3 33 7, 0

Famî StdisPrjc Fun l u e oe t d y He t Al ra iesPrjc Fu d al t n t h e v oe t n L d Bo ngAc emyPrj tFu d on on xi ad oec n
New Mo e! h ol oec Fu d d Sc o Prj t n
New Model SchoolBur y Fund sar

3 1 6,49

8,50 2

(9,93 29 )

14 4,06

53,75 8
1 ,3 07 9
6, 960

( ,33 416 )
(0,39 17 )

1 24 2, 2
6, 960

Ou Iln St y Prjc Fu d r sa d or oe t n

1, 5 987

( 95 ) 4, 3

19 4,22

Su plmenar Sc ol Prj t d p e t y ho s oec Fun
Tot s al

1 , 83228

1 9177 76

(6 88 1 5, 9)
E 5 6,90 (7 7 )

1 701 9, 6
E5 9,6 6 70

: 9, 6 E80 6 4 33 86 6,8

Th Cenr F Soca Coh sinPrj t dwa s u t en oua rca an r ii sh r y e te or il e o oec Fun s et p o c rge a il d el ou amon g Th Commu i Stdis Prj tFu dwass tupt s pp dwor o asu yofhemoal ndc l r rosof e nt u e oec n y e ou o k n td t r a ut alo t a u
fee soci y r et

Th Dysl a Bur y Fund was setup t pr de t e exi sar o ovi eachi suppor f y ng t or oung peopl wih speci educatonal e t al i needs,especi l butnotonl, sl a al y y dy exi

Th Eur a Reai sPrj tFun wa s tu t p o iea n t kof p er f s o l a u v st s e ope n lt on oec d s e p o r vd ewor s eak s or ch os nd nierie i
on i ssues r atng t ourr atons wih ot Eur el i o el i t her opean counti and t pr de t res, o ovi eachi mat i s aboutt ng eral he EU f s or chool s

Th Fami StdisPrj t ndwa s tu t a v c su yofh f l a d marige e l u e oec Fu y s e p o d an e td te ami n y r a

Th Heat Al naies Prj c Fun was s tup t c v te c s o su yn o es s h l s sems t e I t t h er v oe t d e o o er h o t f td ig v rea eat y t h o
di overt I sc he essonsf Brt n or iai excuded fom school l r

Th L d Bo n Ac emy Prjc Fu d wa s tup t ed c e chl e who h v b n p ma enl e on on xig ad oe t n s e o u at i n dr a e ee er n t y Th Ne Mo l h ol oec Fun wa s tu t wa s tu t s p ttewor o te Ne Mo el h i e w de Sc o Prj t d s e p o s e p o up or h k fh w d Sc ooln
pr dig hi qualy prvat educat f t chi r ofpar s on 1 i ovi n gh i i e t i or he l en on d ent ow ncomes. The New ModelSchoolBur y Fund was setup t pr de educat nalopporunies f chi r fom Iwsar o ovi i o t t or l en r o i d i ncom e back oundsatt New ModelSchool elewher gr he or s e.

Th Ou ll d St y Prj c Fu d wass tup t en o a s o st ta h n raie hitr,e pe i l b e r san or oe t n e o c urge ch ol o e c art soy s cal y v y
usi t book,Ourl and St yby H E Mar hal ng he sl or s l

Th Sup l nar Sc ol Prjc Fu d wa s tupt su p ta n Y or o s plme t ys h s h d o e peme t y ho s oe t n s e o p or e k f up e nar c ool el n Saud soraf s h l we da st tac mail ( u no ony En ihan mah t c l e wh ha e tray t c oo on ek y o e h ny b t t l) gl d ts o hi n o v er s dr
f l behi t expect st al en nd he ed andar f t rage d or hei
13

CI TAS LI TED VI MI THE I NSTI TUTE FOR THE STUDY OF CI L SOCI VI EW

NOTES TO THE FI NANCI STATEMENTS AL

9 An lsso T tl u d ay i f oa F n s
Rest i ed f rct unds:

T n il a qbe
Fl xed Asse s t

Curent r Asset s

Ne t

Due Afer t One Year

Ce i o rdt o

Tot al

Ce te F Socal e onPrj t n nr or i Coh si oec Fu d Commu t StdisPrj tF d ni u e oec un y Dy lxa Bus yPrjc Fu se i rar oe t nd Euop nRelt n Prj tFu r ea a i s oec nd o Fa l St desPrj tFun mi u i oec d y Heat Al maie Prjc Fun I t t s oe t d h e v L d Bo igAc deyPrj t d on on xn a l oec Fun Ne Mod Sch ol rar Prjc F d w el o Bus y oe t un
New Model SchoolRes r t Pur ti ed pose Loan c

153, 423 20, 000 18, 936 94, 525 3/, 330 14, 406 12, 242 6, 960

-

1 423 53, 20, 000 18, 936 94, 525 37, 330 14, 406 12, 242 6, 960

1 00 25,0
1 922 4, 197, 016
-

( 2 00 ) 1 5, 0
-

141 922 197, 016

Ou I an Stl Prj c Fun rsl d o oe t d Suppeme tr Sc oosPrjc Fu d l nay h l oe t n

69 7 4,60
475, 605

(250 ) 56 7 1 ,00 9,60
479, 325

Unr rct f est i ed unds Tot f al unds

3, 720

: 72 :11 3 3, 0 ,70,65

E 1 5, 0)E10 0 ( 2 00 ,49,85

1 Rel ed Padi 0 at es The Chaiman oft Boar ofTr t and t Deput Diect ofCi t Li t ar bot alo Di t s of r he d usees he y r or vi as mied e h s r or ec ofi ofNew ModelSchooli att same addr as Ci t and a memberofst fofNew ModelSchool f ce s he ess vias, af wor att oïce,alhough no conti i t r ti curenty pai t Cii Ci t had no l orfnancil ks hat t rbuton o en s r l d o vt as vi as egal i a

Th Ne Mo l h ol e w de Sc o Comp nyLi td (Ne Mod Sc ol,as aat c a ys tu d ig20 4 a a a mi ' w e el ho n ep r e omp n e p ur ) n 0 s r uto a Cii s poec Cii h n it es i t s aes isu d b Ne Mo l h o!Th r se e es l f vt rj t vt as o ner t n he h r s e y w de Sc o a as e egitr d

o iat st Ne Mo Sc o asa 31De emb r2 7( 06- 2Ni Fu d r s b Cii sf teb ei bl i o w del h ol t g on c e 00 20 l n s aied y vt or h en f ) a t o t e Ne Mod Sc o Prj tar s en a t dicei ofCii s,bu f ds r ev d b wa o te fh w el h ol oec e p t t he s rt on vt a t un ec ie y y f h
r rct pur esti ed pose I ar l oan e oaned on t t Ne ModelSchoolwhen r r and ar onl due f r o he w equi ed e y or epayment once t Ne ModelSchoolhas made a tadi sur us and has sufi entwor ng capi t enabl it mak he w r ng pl fci ki t o al e to e

s c r a men'a 31De embe 2 7 te a n o t Cii swasE7 ,6 (0 6 -E ,4 I Mac u h ep y t t , c r 00 h mou t wed o vt a 26 4 2 0 696 8) n rh
2006,New ModelSchoolsi gned a t ee- eari hr y ease on i schoolpr ies,t mi e on one-er ' notc at t s em s er nabl t m s ie, a r ofE13, perannum;Ci t al wi anot unr at pady,i a guar oroft r pai on t s ent 575 vi as, ong t h her el ed s ant he ent d hi

Ia e b t e Ne Mo el h ol( 6 -21 5 l No emb r2 6,New Mod Sc o tokou a s on e s y h w d Sc o 200 3,75) n v e 00 el h olo t ec d, on y ,ea eonadoiig pemiesat an ale to E1 0 0, ndCii ha a r dt p yt sr tan e-earI s j nn r s an nu rn f 2,0 a vt s gee o a hi en d as
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