REGISTERED COMPANY NUMBER: 08239130 {England and Wales)
REGISTERED CHARrrY NUMBER: 1152107
Re
rt of the Trustees and
Unaudited Financial Statements
for the Year Ended 30th Se
mber 2024
for
The Charfes Causle
Trust
Hodgsons
Chartered Accountants
48 Atwenack Str￿t
Falmouth
Comwall
TR113JH

The Charles Causle
Trust
Contents of the Financial Statements
for the Year Ended 30th Se
tember 2024
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
statement of Financial Position
Notes to the Financial Statements
9 to 17
Detailed Statement of Financial Activities
18 to 19

The Charles Causle
Trust
Re
rt of the Trustees
for the Year Ended 30th Se tember 2024
The Trustees, who ale also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 30 September 2023. The Trustees have
adopted the provisions of Accounting and ReForting by Charities.. Statement of Rec￿mfflended Practice
applicable to charities preparing their accounts in accordan￿ wtth the Finanaal Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitys Objects, as set out in the Memorandum and Artides of ￿sOCiation. are specifically restricted to
the following=_
For the public benefft:
The advancement. of the arts
particularfy, but not exdusively, literature (especially poety), and most
specifically the works of Charfes Causley.
- The rna1ntenan￿ and preservation of Charles Causleys fotrner residen￿, Cypws Well (2, Ridgegrove Hill,
Launceston, Cornwall), its contents and its environs"
- Preservation and development of the Trusvs peffl￿nent ￿lleCtiOnS, as a living menK)rial to Charles Causley
and his work:
- The prowsion of grants, bursaries, sclKJlarships and other kinds of support (financial or othe￿1￿, including
acLommodation in Cyprus Well) for the development of established, emerging and potential poets, WTiters
and other artists who can demonstrate actual or potenlial literary or artistic talent, and present a coherent and
compelling case for such support - with the following additional emphases:
Particularly, but not exclusively, those from Comwall, Devon and Isles of Scilly;
Particularly, but not exclusively, also those who may be considered by the Trust to be disadvantaged andlor
vulnerable;
And, wherever desirable and feasible, accomplished on a c￿perat￿e andlor partnership basis with other
relevant bodies.
Public benefrt
The Trustees have complied with the duty in Section 17(5) of the Charities Act 2011 and have had due regard
to public benefit guidance published by the Charity Commission in setting the activities required to meet tts
objecb'ves.
Page 1

The Charles Causle
Trust
Re
rt of the Trustees
for the Year Ended 30th Se tember 2024
ACHIEVEMENT AND PERFORMANCE
Review of the Year
In the past year the Trust has continued to develop its ￿re activities, espeaally around cultural tourism,
promoting both Causley's legacy and arts in general on a national stage, while providing poetry and arts
opportunities in the South-west peninsula. We have ￿ntInued our focus on the g(M)d and up to date
govemance praCtI￿S at the Trust and increased (x)mmunity and public engagement programmes.
After a number of years operations reliant on large scale grant funds from ACE the Trust has substantially
continued to diversity its range of funders and sponsors. This has included increased funds through cultural
stays at Cyprus Well. increased membership. increased funds through our Causley bookshop on
Launceston's high street (11A Merchant House). and an increased range of funding from charitable trusts.
councils, and philanthropic donors. Some of the more substantial examples here indude grants from
individual donors and Garfield Weston. Launctston Town Council, the Art Fund, and FEAST. We've also
continued to develop partnerships with a range of cultural organisations in Comwall working more dosely for
example wth The Hypatia Trust, Comwall P￿ty Library, the Writers Block, Guillemot Press, and North
Comwall Book Festival (among many others).
The development of 11A Merchant House has been One of the most significant achievements of the Trust
lately, and the shop is now operating as a second-hand bookshop, a hub for Causley Trust activity and
information, and gallery space, a site to buy Causley bcK)ks and merchandise, and a volunteer and
fundraising ￿ntre. The tharity is happy to maintain a prominent high street presen￿ in the i%ntre of
LaUn￿stOn, especially in a site of historic signifjcan(E arKI in close proximty to the town museum pop up and
the new library spa￿. The shop is in the heart of the town in a building of signffic2nt historical and cultural
importance. largely staffed by volUnt￿rS and trUSt￿s. and ￿ntinUeS to drive a substantial increase in
membership and helps to womote the work of the Trust and the legacy of Charles Causley.
Operating in a diverse vmy and workiThJ on Multiple srnaller funded projects has led to a ￿llde breadth of
cultural pr(￿aramming. Induding both arts and culture events launched from The Causley Bookshop at 11A
Merchant House, a range of national poetry events in London. and digital FX)ety events with an intemational
audien￿. This year public, o)mmunity and IrKal cultural engagement programming has included for example
rolling exhibitions at 11 A, artists talks, a new 'meet the FJ)eV series, a new set of events at the War Memorial,
town ghost walks. Fun pala￿ events and hosb'ng a Miracle Theatre production.
Our online activty has also been develoFed, wilh new PM)ety masterclawses froTn Cahal Dallat and Anthony
Capildeo, new genre wrTting workshops (induding HO￿or V￿lting. and Mystery wrrting), digital fundraiser
events, and input from Sue WalIa￿shaddad who joined the vKtbng team at 'The Makerf our online web
magazine. A new area of development for the Trust has been relaunching national level events, including a
series of events in London, and support from Poety Review and The National Poety Library. This year we
ran a number of poetry events and fundraisers in c£)Iia)oration with Kitchen Revolt, and we now have a book
launch scheduled for November at the National Poety Library in the Southbank Centre.
This year saw continuing efforts tovRrds promoting cultural tourism in Launceston and North Comwall
induding relaunching and promoting cultural stays at Cyprus Well back in house and pitching the bookings
though ajltural institutional publications such as Poety Review. This year the Trust has again increased the
number of active volunteers and membership subscriptions. and we have reviewed and relaunched
membership offering.
The charity continues to support the development of high profile, mid-career and younglemergent writers and
artists in the South-west peninsula and intemationally. The Children and Young Persons competitions ran
SUC￿sSIu11Y as a national award for the second year running and attracted a wide range of entrants from
across the UK. The Intemational Poetry Competition continued to attract global entrants and readers. This
year the charity provided more than 5 residential artislhvriier residencies at Cyprus Well including Polly Hall,
Peter Ursem, Holly Gilson, and Tommy Sissons.
The Charfes Causley Trust has also continued to SUPFM)rt the skills development of a number of people
aiming to enter culture and heritage sector employment including for Instan￿ providing 6 intemship and 4
mentoring opportunities through and HEIS in the South-west peninsula. This year a SUC￿sS￿l Art Fund
application was re￿iVed to ￿Ver the cost for thr￿ intems who worked with the Trust for 11 months.
Page 2

The Charles Causle
Trust
Re
rt of the Trustees
for the Year Ended 30th Se tember 2024
The Trust is also exploring fruitrul partnerships with publishing houses and exploring raising ftjnds through
publishing activity and related events, for Instan￿ we have taken to final proof a Causley anthology 'The
Diifted Stream, in partnership with Broken Sleep B(x*s which V￿11 launched in the first months of our next
financial year featuring writing from Roger McGough. Judy O'Kane, Andrew Motion, Vera Yuen. Rowan
Williams, Katrina Naomi and Rick Stein. We also sold a new pamphlet in the bookshop 'Five Poems from
Cyprus Well, by Tommy Sissons, in partnership wth his residency. And we have begun a new partnership
with Guillemot Press to c(}prodU￿ a new 'LaUn￿stOn Poety Festival, in 2025.
During this peri(MJ, the Trust has been ably managed by Nicola Nuttall and a small team of part-time offi￿rS.
As staff hours have redu(£d cultural activity has been SUPFM)rted by a vibrant and growing team of volunteers
and a wide range of inlems. Their combined efforts have meant that the Trust remains strong and well
positioned to m￿t our ongoing commitment to (￿MmUnity. arlistic endeavour" education, and wider
participation in the Arts, as well as continuing to honour the work of one of the finest British poets of the 20th
century, Dr Charles Causley.
FINANCIAL REVIEW
Financial position
At the year end the chartty had the following on the bal￿￿ Sh￿t.
Tangible Fixed Assets of £202,540
Current Assets of £39,699
Current Liabilities of £2.481
Net Assets of £239,758, of which £234,133 were unrestricted funds and £5,625 V￿re in the fomi of restricted
funds.
Reserves policy
Reserves held by the Trust are reviewed and discussed by the truSt￿S at rn￿tingS held during the year. The
Trust's aim is to have a minimum of 3 month's operating costs in reserves and a rna1ntenan￿ fund for
Cyprus Well (Chades Causleys last home. which the Trust owns).
The unrestricted reserve as at 30 September 2024 was a surplus of £234.133 c£impared to a surplus of
£227,837 in 2023.
Going concern
The Causley Trust has ￿ntinUed its strategy to move to a more diverse kK)rtfolio of smaller grant funds,
philanthropic giving and ftjnds from the 11a shop. cultural stays and increased membership (as opposed to
single major grant ￿ndIng like that provided through ACE historically). There has been consistent growth in
these wder portfolio areas. The Charity is also able to, and indeed this year has made the decision to, scale
back operations to such an extent that they Gan be funded through the existing broader porttolio of funds. The
Charity also could scale back to be funded from existing rvserves. until such a time as further larger s(￿le
funding can be obtained and full operations fan recommen￿. Based on the above reasoning there are no
material uncertainties about the charitys abilty to continue for the next 12 months. and therefore the Trustees
have concluded that the going concem basis is appropriate.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goveming docJJment. a deed of trust. and constitutes a limited company. limited
by guarantee, as defined by the Companies Act 2tK)6.
Charity constitution
The Charles Causley Trust was incorFM)rated as a Ch￿table Company on the 3 October 2012. The Charity is
managed according to its Artides of Ass(￿lation.
Recruitment and appointment of new trustees
Trustees are recnjited and appointed as govemed by Charivs Artides of Association.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in pla(E to provide reasonable assuran￿ against fraud and error.
Page 3

The Charles Causle
Trust
Re
rt of the Trustees
for the Year Ended 30th Se tember 2024
REFERENCE AND ADMINISTrATIVE DEfAILS
Registered Company number
08239130 (England and Wales)
Registered Charity number
1152107
Registered office
2 Cyprus Well
Ridgegrove Hill
LaUn￿StOn
Comwall
PL15 8BT
Trustees
D Devanny
K E Stark (resigned 19.2.24)
I P Tunbridge
G R Nayler
M A Cooper
NAWatts
P D Shuttle (resigned 19.2.24)
M H Wright Esq
S V Priya
C Morgan
Company Secretary
C Morgan
Independent Examiner
J P D Hodgson BA (Hons) FCA
Hodgsons
Chartered Accountants
48 Atwenad( Street
Falmouth
Comwall
TR113JH
0210512025
Approved by order of the board of trust￿5 on ................ ........
. and signed on tts behalf by:
D Devanny - Trustee
Page 4

Independent Examingrf_s Re
o.rt to the Trustees o.f
The Charles CausknTrust
Independent examlnerfs report to thè trustees of The Charfes Causley Trust (Ihe Company)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30th September 2024.
Responslbllltles and basis of report
As the charitys trustees of the Company (and also its directors for the purpx)ses of company law) you are
r8sponsible for the preparation of the accounts in aCc￿rdan￿ with the requrements of the Companies Act
2006 Cthe 2006 ACV).
Having satisfied myseEf that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independenl examination. I report tn respect of my èxaminalion ol your charitys
aGGounts as carried out under Section 145 of the Charities Act 2011 (the 2011 ACV). In carrying out my
examination I have fdlowed the Directions given by the Charity Commission under Section 145(5) (b) of the
2011 Act.
Indopendgnt examlnerfs statsment
I have completed my examinalion. I confimi that no matters have come to my attentlon in connecllon wlth the
examination giving me cause to believe:
accounting records We￿ not kept in ￿SPect of the Company as required by Section 386 of the 2006
Act- or
the aGcounts do not accord with those records. or
thè accounts do not ccrnpty with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts giv& a true and falr vlew whlth is not a matter considered as
part of an independent examination. or
the accounts have not been prepared in accordan￿ with the methods and princip18s of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charlties preparing
their accounts in accordance with the Financial Rep)rting Standard applicable In the UK arKI Republlc
of Ireland (FRS 102)).
I have no concems and have come across no other matters in Gonnection with the examination to whlch
attentton should be drawn in Ihis report in order to enable a woper understanding of the accounts to be
reached.
J P D Hcrtjgson BA (Hons) FCA
Hodgsons
Chartered Accountants
48 knenack Street
Falmouth
Comwall
TR113JH
Page 5

The Charles Causle
Trust
statement of Financial Activities
for the Year Ended 30th Se tember 2024
30.9.24
Total
funds
30.9.23
Total
fijnds
as restated
Unrestricted
funds
Restricted
fijnds
Notes
INCOME AND ENDoWME￿fS FROM
Donations and legacies
20.034
20,034
34,455
Charitable activities
Charitable actiwties
2,653
2,653
1,718
Other trading activibes
other infX)me
2,836
1,656
2,836
1.656
16.323
102
Total
27,179
27,179
52,598
EXPENDITURE ON
Raising funds
3,150
3,150
3,429
Charitable activities
Charitable actiwties
32,487
11,745
44,232
90.312
Total
35,637
11,745
47,382
93.741
NET INCOMEI(EXPENDITURE)
Transfers between funds
(8,458)
14,754
(11,745)
(14,754)
{20,203)
(41,143)
14
Net movement in funds
6,296
{26.499)
(20,203)
(41,143)
RECONCILIATION OF FUNDS
Total funds brought foNard
227,837
32,124
259,961
301.104
TOTAL FUNDS CARRIED FORWARD
234,133
5.625
239,758
259,961
The notes fonn part of these financial statements
Page 6

The Charles Causle
Trust
statement of Financial Position
30th Se tember 2024
30.9.24
Total
funds
30.9.23
Total
fijnds
as restated
Unrestricted
funds
Restricted
fijnds
Notes
FIXED ASSErs
Tangible assets
10
202.540
202,540
203,175
CURRENT ASSETS
Stocks
11
Debtors: amounts falling due viithin one year 12
Cash at bank
1,770
920
31,384
1,770
920
37,009
1,070
11,138
46,084
5,625
34,074
5,625
39,699
58.292
CREDITORS
Amounts falling due within one year
13
(2,481)
(2,481)
(1.506)
NET CURRENT ASSErs
31,593
5,625
37,218
56.786
TOTAL ASSEfs LESS CURREKr
LIABILITIES
234,133
5,625
239,758
259.961
NET ASSETS
234,133
5,625
239,758
259,961
FUNDS
Unrestricted funds
Restricted funds
14
234.133
5,625
227,837
32,124
TOTAL FUNDS
239,758
259,961
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 30th September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
30th September 2024 in ac(J)rdance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable ￿MpanY k￿pS a(££)unting records that comply wth Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a and fair wew of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordan￿ wth the requirements of Sections 394 and 395 and which othewse comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the
charitable (x)mpany.
(b)
The notes fonn part of these financial statements
Page 7
continued...

The Charles Causle
Trust
statement of Financial Position - continued
30th Se tember 2024
These financial statements have been prepared in accordan￿ with the provisions applicable to charitable
companies subject to the small companies regirne.
The financial statements were approved by the Board of Trustees and authorised for issue on
0210512025
. and were signed on its behalf by:
D Devanny - Trustee
The notes fonn part of these financial statements
Page 8

The Charles Causle
Trust
Notes to the Financial Statements
for the Year Ended 30th Se tember 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable (￿l￿)any. is a public benefit entity under FRS 102.
have been prepared in aC(￿rdan￿ with the Charities SORP (FRS 102) 'Accf)unting and Reporting by
Charities: Statement of Recommended Practi(* applicable to charities preparing their a(xounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effeGtive 1 January 2019)., Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. the Companies Act 2006. The financial statements
have been prepared under the historical cost c￿Nvention.
Income
All income is recognised in the Statement of Financial Activtties once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Cash donations are re￿gnised on r￿lpt. Other donations are r￿niSed once the charity has been
notified of the donation. unless performance ￿nditionS require deferral of the amount. IncDme tax
recoverable in relation to donations r￿1Ved under Gift Aid or deeds of ￿venant is recognised at the
time of the donation.
Legacies are recognised on r￿lpt or othetV&qse rf the charity has been notified of an impending
distribution, the amount is known. and the receipt is expected. If the amount is not known, the legacy is
treated as a contingent asset.
Tumover is measured at the fair value of the ￿nSIderation re￿IVed or r￿1Vable and represents
amounts re￿Ivable for go(MJs and services provided in the nom)al course of business, net of
discounts, VAT and other sales related taxes.
Grants are recognised when there is eviden￿ of entitlernent to the gtft, receipt is probably and the
amount can be measured reliably.
Expenditure
Liabilities are recx)gnised as expendibjre as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits wll be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
ac(x)unted for on an accruals basis and has been classified under headings that aggregate all cost
related to the G9tegory. Where costs cannot be directly attributed to particular headings they have been
allocated to activits'es on a basis consistent with the use of reSoUr￿s.
Charitable activities
Unrestricted funds are available for use at the discretion of the trustees in furtheran￿ of their
charitable objectives unless the funds have b￿n designated for other purposes.
Restricted funds are subject to specific condttions by donors as to how they may be used. The
purposes and uses of the restrkcted funds are set out in the notes to the financial statements.
Designated funds are those which the trustees have determined will be set aside for future expected
repairs and Maintenan￿ at Cyprus Well. The rental income from this propety is being allocated to this
fund as it is re￿ived.
Going concem
sin￿ the 2023 year end the Charitys existing grant funding has ended. At this time no further
signfficant funding has been obtained, however the Charity is able to scale back operations as well as
make use of other infxime streams, until such a time as further funding can be obtained and full
operations can recommen￿. However. based on the above reasoning there are no material
uncertainties about the charitls abilty to contirxje for the next 12 months. and therefore the Trustees
have conduded that the going concem basis is appropriate.
Page 9
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
ACCOUNTING POLICIES - continued
Intangible fixed assets
Copyright represents the pennission obtained for the use of p)ems on an app for two years from the
release date of the app (June 2019). This (x)st has been amortised on a straight line basis over this
two year peri(xl.
Tangible fixed assets
Depreciats'on is provided at the followng annual rates in order to vKite off each asset over its estimated
useful life.
Plant and machinery
20% on reducing balan
Tangible assets except freehold propety are stated at cost (or deemed cost) less accumulated
depreciation and accumulated impaimient losses. Cost includes the original purchase pri￿, costs
directly attributable to bringing the asset to its working condition for its intended use, dismantling and
restorats'on (t)sts.
Freehold property is stated at valuation. Revaluations are made wtth sufficient regularity to ensure the
carrying amount does not materially dtffer from that which would be determined using fair value.
Personal effects at cost is stated at its residual value and as such. holds no deprectation FK)Iicy.
stocks
Stocks are valued at the lovRr of cost and net realisable value. after making due allowan￿ for
obsolete and slow moving items.
Taxation
The charity is exempt from ￿rporatIOn tax on its tharitable activities.
DONATIONS AND LEGACIES
30.9.24
30.9.23
as
restated
Donations
Membership fees
Grants
11,354
860
7,820
6,065
1,183
27,207
20,034
34,455
Page 10
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
DONATIONS AND LEGACIES - continued
Grants re￿ived, induded in the above, are as fdlows:
30.9.24
30.9.23
as
restated
Other grants
New Art Collections Fund
Volunteer Cornwall Warm Banks
Garfield Weston
The Cckop Community Fund
The Finnis S￿tt Foundation
The Carew Pole Foundation
The Rotary Club
Launceslon Town Council
FEAST
Cause 4 - Network grant
731
6,576
750
15.000
2,290
1,500
1,000
1,650
2,500
1,050
1,980
7,820
27,207
OTHER TRADING ACTMTIES
30.9.24
30.9.23
as
restated
Fundraising events
Rents received
2,836
15,152
1,171
2,836
16,323
SUPPORT COSTS
Support
cL)sts
Goveman
costs
Totals
Charitable activities
6.089
1,037
7,126
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is staled after ChargIn￿(credItIng)=
30.9.24
30.9.23
as
restated
Depreciats'on - owned assets
Independent examiners fee for independent examination
Independent examiners fee for other seTrllces
635
1,140
767
1,506
420
Page11
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
TRUSTEES. REMUNERATION AND 8ENEFrrs
There were no trustees. remuneration or other benefits for the year ended 30th September 2024 nor
for the year ended 30th September 2023.
Trustees. expenses
No trustees vRre reimbursed for OLrt of p￿ket expenses during the current or the previous year.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES
Unrestricted
funds
Restricted
funds
Total
funds
as restated
INCOME AND ENDOWMENTS FROM
Donations and legacies
26.223
8,232
34,455
Charitable activities
Charitable activities
1.718
1.718
Other trading activities
Other In(￿Me
16.093
109
230
(7)
16.323
102
Total
44.143
8,455
52.598
EXPENDITURE ON
Raising funds
3,002
427
3,429
Charitable activities
Charitable activities
30,137
60,175
90,312
Total
33.139
60,602
93.741
NEf INCOMEI(EXPENDITURE)
11,004
{52,147)
(41,143)
RECONCILIATION OF FUNDS
Total funds brought foNard
216,832
84,272
301,104
TOTAL FUNDS CARRIED FORWARD
227,836
32,125
259,961
Page 12
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
PRIOR YEAR ADJUSTMENT
The comparative figures have been amended in resFECt of rent payments. It was found this year that
rent costs were incurred for the purwses of operating the shop and not for the collection of rental
income.
INTANGIBLE FIXED ASSErs
Copyright
COST
At 1 st October 2023 and
30th September 2024
325
AMORTISATION
At 1 st October 2023 and
30th September 2024
325
NEf BOOK VALUE
At 30th September 2024
At 30th September 2023
10. TANGIBLE FIXED ASSErs
Personal
effects
at cost
Fr￿hold
property
Plant and
machinery
Totals
COST OR VALUATION
At 1 st October 2023 and
30th September 2024
195.000
5.815
5,000
205,815
DEPRECIATION
At 1 st October 2023
Charge for year
635
635
At 30th September 2024
3,275
3,275
NEf BOOKVALUE
At 30th September 2024
195,000
5,000
202,540
At 30th September 2023
195,￿)0
3,175
5,000
203,175
Cost or valuation at 30th September 2024 is represented by:
Personal
effects
at cost
Freehold
property
Plant and
machinery
Totals
Valuation in 2020
Valuation in 2021
Valuation in 2022
Cost
29,392
10,000
10.000
145,608
29,392
10,000
10,000
156.423
5.815
5,000
195,000
5,815
s,000
205,815
Page 13
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
10. TANGIBLE FIXED ASSEfs - continued
If freehold property had not been revalued tt V￿uld have b￿n induded at the following historical cost:
30.9.24
30.9.23
as
restated
Cost
145,608
145.608
Freehold propety was valued on an open market basis on 1st April 2022 by Stags.
Freehold propety (2 Cyprus Well) vms transferred from the Charity (1102459) at its original cost
(£145,608) by way of donation.
11. STOCKS
30.9.24
30.9.23
as
restated
Stod(s
1,770
1,070
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24
30.9.23
as
restated
Trade debtors
Other debtors
Prepayments
65
731
124
10.982
156
920
11,138
13. CREDITORS: AMOUNTS FALLING DUE￿rHIN ONE YEAR
30.9.24
30.9.23
as
restated
Trade creditors
2,481
1,506
Page 14
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
14. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
1.10.23
At
30.9.24
Unrestricted funds
General fund
227,837
{8,458)
14,754
234,133
Restricted funds
Art Fund
Culture Recovery Fund
Garfield Weston Fund
Lighting the Sun 22-23
2,406
21.414
7.924
380
(4,329)
(489)
(2,299)
(4,628)
1,923
(20,925)
5,625
4,248
32,124
(11,745)
(14,754)
5,625
TOTAL FUNDS
259,961
(20,203)
239,758
Net rrmjvement in funds. included in the above are as follows:
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General fund
27,179
(35,637)
(8,458)
Restricted funds
Art Fund
Culture Re￿Very Fund
Garfield Weston Fund
Lighting the Sun 22-23
{4,329)
{489)
{2,299)
{4,628)
(4.329)
(489)
(2,299)
(4,628)
(11.745)
(11.745)
TOTAL FUNDS
27,179
(47,382)
(20,203)
Comparatives for movement in funds
Net
movement
in funds
At
1.10.22
At
30.9.23
Unrestricted funds
General fund
216.832
11.005
227,837
Restricted funds
Art Fund
Culture Re(x)very Fund
Gaffield Weston Fund
Lighting the Sun 22-23
720
(1,135}
7,345
(59,078)
2.406
21,414
7,924
380
22,549
579
59,458
84,272
(52,148)
32,124
TOTAL FUNDS
301,104
(41,143)
259,961
Page 15
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
14. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, induded in the above are as follows:
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General fund
44,143
(33.138)
11,005
Restricted funds
Art Fund
Culture Recovery Fund
Garfield Weston Fund
Lighting the Sun 22-23
730
(10)
{1.135)
(141)
(59,317)
720
(1,135)
7,345
(59,078)
239
8,455
(60,603)
(52,148)
TOTAL FUNDS
52.598
(93.741)
(41,143)
RESTRICTED FUNDS
Culture Re￿ve
Fund
At the end of the year to 30th September 2021 the Trust recEived confimiation that it would receive
grant totalling £95,073 from the Arts Council as part of ifs Culture RefY)very Fund Emergency
Resour￿ Support. This was received in total in this finan￿al year. This was fully spent in the year
ex￿pt for a balance provided intentionally to alloN the charity to build its reserves.
The project has been used to engage with some the most ￿]ltUrallY exduded young people. The Trust
has worked in partnership with schools and universities to Sour￿ intemships and allow opportunities to
engage in creative and cultural activities. The funding has also b￿n used for kN)etry competitions, an
intemational show(ase, artistic residencies and workshops ar)d a summer festival and digital
engagement through the Digital Cultural Hub.
htin
the Sun
During the financial year ending September 2022, the Trust received confinnation that it had been
awarded a new grant from the Arts Council. totalling £89,523. in order to fund the Lighting the Sun
project. A final payment of £8,952 was received in July 2023 bringing the project to an end.
Art Fund
A total grant of £14,900 was awarded during the year ended 2021 by the Nats'onal Art Collections Fund,
for a project called Reimagine. The objective of this project was to expand the trusts visual arts offer.
allowing them to work wtth the thal communrbes. neiworks and young people. This project and
funding came to an end in October 2022.
A further su(Lessful application was made in ￿ year to obtain funding for thr￿ 11 month intemships
due to tEgin September 2023.
Gatheld Weston Fund
A total sum of £15,000 was granted by the Garfield Weston Foundation in June of 2023. This was to
be paid in iwo halves split over 24 months. Restrictions are in Pla￿ that dictate these monies are to
only be used for the purpose of core costs.
Page 16
continued...

The Charles Causle
Trust
Notes to the Financial Statements - continued
for the Year Ended 30th Se tember 2024
14. MOVEMENT IN FUNDS- continued
Transfers between funds
A number of transfers have been made in the year between general and restricted funds. A balan
held in the Culture Re(x)very fund of £20,925 has been transferred to the General fund in line with the
initial agreement which allowed for the building of reseNes. Other transfers were made trom the
General fund lo restricted funds which had a negative balan￿ at year end in order lo bring these
balan￿S to zero. these totalled £6,171.
15. RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 30th September 2024.
Page 17

The Charles Causle
Trust
Detailed Statement of Financial Activities
for the Year Ended 30th Se tember 2024
30.9.24
30.9.23
as restated
INCOMEAND ENDOwmE￿rS
Donations and legacies
Donations
Membership fees
Grants
11,354
860
7,820
6,065
1,183
27,207
20,034
34,455
other trading activities
Fundraising events
Rents re￿iVed
2.836
15,152
1,171
2,836
16,323
Charitable activities
Merchandise sales
2,653
1.718
Other income
other income
1.656
102
Total incoming resources
27,179
52,598
EXPENDITURE
Raising donations and legacies
Raising funds
Rent
2,679
750
3,150
3,150
3.429
Charitable activities
Opening stock
Purchases
Closing stod(
Travel and subsisten(
Poetry prizes
Artist in residen￿ costs
Cyprus Well rna1ntenan￿ Lxjsts
Bank charges
Events
Subscriptions
Freelance work
Internship costs
1,070
1,199
(1,770)
3,241
729
{1,070)
81
2.733
1,616
2,698
258
8,146
1,282
61,379
194
2.110
181
590
935
28,234
4,329
37,106
81,093
Support costs
Support costs
Rates and water
Carried forward
591
591
This page does not fomi part of the statutory financial statements
Page 18

The Charles Causle
Trust
Detailed Statement of Financial Activities
for the Year Ended 30th Se tember 2024
30.9.24
30.9.23
as restated
Support costs
Brought fO￿ard
Insuran
Telephone
Postage and stationery
Sundries
Publicity
Plant and machinery
27
2,144
832
591
2,166
871
138
415
2,106
767
60
2,143
635
6,089
7.054
Governance costs
Accountancy
Professional fees
1.002
35
1,926
239
1.037
2,165
Total resources expended
47.382
93,741
Net expenditure
{20,203)
(41.143)
This page does not fomi part of the statutory financial statements
Page 19