2025-09-30-accounts

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The Charles Causley Trust Trustees Annual Report and Unaudited Financial Statements Year ended 30 September 2025

Charity registation - 1152107 Company number - 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Contents
Reference and administrative details	4
Trustees’ annual report	5
Aims and objectives	5
Achievements and performance	5
Financial review	7
Structure, governance and management	7
Statement of Board of Trustees’ responsibilities	8
Independent examiner’s report	10
Statement of fnancial activities	12
Balance sheet	13
Notes to the fnancial statements	14

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

Reference and administrative details

Charity number

1152107

Company number

08239130

Registered offce

2 Cyprus Well Ridgegrove Hill Launceston Cornwall PL15 8BT

Trustees

D Devanny G Beale M A Cooper C Elliott A Friedlein J Heaton O McHale C Morgan G R Nayler L Thompson

I P Tunbridge A Vahni N A Watts

Chair appointed 15 April 2025

appointed 15 April 2025 appointed 15 April 2025 appointed 6 December 2024 appointed 15 April 2025 resigned 29 September 2025

appointed 15 April 2025 resigned 27 March 2026 resigned 15 April 2025 resigned 6 December 2024 resigned 15 April 2025

Company secretary

C Morgan

Independent examiners

Enaid Accountancy Ltd Platform 10 Engine Rooms Hood Road Barry CF62 5QL

Principal bankers

Lloyds Bank plc. 25 Gresham Street London EC2V 7HN

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Trustees’ annual report

The Board of Trustees, who are also directors of the Charity for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of The Charles Causley Trust for the year ended 30 September 2025.

The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Aims and objectives

The Charity’s Objects, as set out in the Memorandum and Articles of Association, are specifically restricted to the following:-

For the public benefit:

The advancement, of the arts - particularly, but not exclusively, literature (especially poetry), and
most specifically the works of Charles Causley;
The maintenance and preservation of Charles Causley’s former residence, Cyprus Well (2, Ridgegrove
Hill, Launceston, Cornwall), its contents and its environs;
Preservation and development of the Trust’s permanent collections, as a living memorial to Charles
Causley and his work;

• The provision of grants, bursaries, scholarships and other kinds of support (financial or otherwise, including accommodation in Cyprus Well) for the development of established, emerging and potential poets, writers and other artists who can demonstrate actual or potential 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 Cornwall, Devon and Isles of Scilly;
Particularly, but not exclusively, also those who may be considered by the Trust to be
disadvantaged and/or vulnerable;
And, wherever desirable and feasible, accomplished on a co-operative and/or partnership
basis with other relevant bodies.

Public beneft

The trustees have referred to the public benefit guidance published by the Charity Commission and to the obligation in Section 17, Charities Act 2011, when reviewing the charity’s aims and objectives and in planning future activities.

Achievements and performance

In the past year the Trust has continued to build its core activities, especially around developing and promoting Causley’s legacy and poetry in general on a national stage, while building on that legacy to provide poetry and arts opportunities in the South-West. We have increased community and public engagement programmes, and in particular have increased our activities providing opportunities for children, and developing talent among young and emerging writers and cultural sector interns. Significantly this year also saw the launch of the inaugural Launceston Poetry Festival, which brought a diverse line up of poets, artists, celebrities and community events to the town, as well as driving cultural tourism and supporting heritage and cultural sector partners.

The Launceston Poetry Festival was opened by Lord Lieutenant Colonel Sir Edward Bolitho, novelist Patrick

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

Annual report and financial statements

The Charles Causley Trust

Gale and Launceston Mayor Nicola Gilbert, and we held events in the Guildhall, Town Hall, Merchant House, and The Byre, including readings, talks, workshops, events for children, and public performances. At the heart of the festival are 30 much-loved names, programmed in partnership with Guillemot Press, including broadcaster Frank Skinner, Forward Prize nominee Ella Frears, BBC Radio 2 Folk Prize winner Jackie Oates, BBC Radio 4’s poetry host Daljit Nagra, and award-winning poets like Nina Mingya Powles, Isabelle Baafi, Fiona Benson, David Harsent and Kayo Chingonyi.

Alongside this we celebrated winners of global poetry competitions and of Launceston’s Place Architecture awards, hosted one-to-one library sessions to foster new ideas in local poets, connected new talent with publishers, and engaged a roving Rent-a-Poet to compose odes on the High Street. Launceston’s Town and Youth Bands, Youth Music Theatre Group, Pop Choir and Signing Choir drew delighted audiences to a bustling Town Square, and English Heritage opened the castle grounds for poems and picnics.

In November of 2024 the Trust launched The Drifted Stream, a new anthology of responses to Charles Causley’s legacy. The anthology was published by Broken Sleep Books who have kindly donated the proceeds and it features writings from Roger McGough, Judy O’Kane, Andrew Motion, Vera Yuen, Rowan Williams, Katrina Naomi and Rick Stein. We held a launch event at The National Poetry Library in the Southbank Centre in London.

This year also saw the commencement of three new patrons, championing the work of the charity, Charles Causley’s legacy and children’s literature on a national stage; we were delighted to welcome broadcaster and poet Sir Roger McGough, award winning poet Penelope Shuttle and the BBC broadcaster and author Petroc Trelawney.

The charity continues to support the development of high profile, mid-career and young/emergent writers and artists in the South-West peninsula and internationally. The Children and Young Persons competitions ran successfully as a national award for the third year running and attracted a wide range of entrants from across the UK. The International Poetry Competition continued to attract global entrants and readers. The outcome of these competitions were for the first time announced at our own Festival at a high-profile event with the Town Mayor and Lord Lieutenant of Cornwall. The Charles Causley Trust has also continued to support the skills development of a number of people aiming to enter culture and heritage sector employment including for instance providing internship opportunities through and with universities in the South-West peninsula.

It is our second year since having transitioned from sole reliance on large ACE grant funding to a diverse range of funders, sponsors and smaller specific grants and we have continued to diversify and increase funds through cultural stays at Cyprus Well, increased supporters subscriptions, 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. The most substantial single grant this year was from the Fenton Arts Trust, for residencies and activities in the next financial year. We’ve also continued to develop partnerships with a range of cultural organisations in Cornwall working more closely for example with The Hypatia Trust, Cornwall Poetry Library, Guillemot Press, North Cornwall Book Festival, and Endelienta Arts (among many others).

During this period, the Trust has been ably managed by Nicola Nuttall and a small team of part-time

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

officers. As staff hours have reduced cultural activity has been supported by a vibrant and growing team of volunteers and a wide range of interns. Their combined efforts have meant that the Trust remains strong, and well positioned to meet our ongoing commitment to community; artistic endeavour; education, and wider participation in the Arts, as well as continuing to build on the amazing legacy of the poet Charles Causley.

Financial review

Financial position

At the year end the charity had the following on the balance sheet:

Tangible fixed assets of £202,032 (2024: £202,540)
Current assets of £40,881 (2024: £39,699)
Current liabilities of £804 (2024: £2,481)
Net Assets of £242,109 (2024: £239,758), of which £237,109 (2024: £234,133) were unrestricted funds
and £5,000 (2024: £5,625) were in the form of restricted funds.

Reserves policy

Reserves held by the Trust are reviewed and discussed by the trustees at meetings held during the year. The Trust’s aim is to have a minimum of 3 month’s operating costs in reserves and a maintenance fund for Cyprus Well (Charles Causley’s last home, which the Trust owns).

The unrestricted reserve as at 30 September 2025 was a surplus of £237,109 compared to a surplus of £234,133 in 2024. However of this total £202,032 (2024: £202,540) relates to fixed assets which are not easily realisable and so the actual free reserves available to the Charity are £35,077 (2024: £31,593).

Going concern

The Causley Trust has continued its strategy to move to a more diverse portfolio of smaller grant funds, philanthropic giving and funds from the 11a shop, cultural stays and increased subscribed supporters. There has been growth in these wider portfolio areas. The Charity is also able to scale back operations to such an extent that they can be funded through the existing broader portfolio of funds. The Charity also could scale back to be funded from existing reserves, until such a time as further larger scale funding can be obtained and full operations can recommence. Based on the above reasoning there are no material uncertainties about the charity’s ability to continue for the next 12 months, and therefore the Trustees have concluded that the going concern basis is appropriate.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The Charles Causley Trust was incorporated as a Charitable Company on the 3 October 2012. The Charity is managed according to its Articles of Association.

Recruitment and appointment of new trustees

Trustees are recruited and appointed as governed by the Charity’s Articles of Association.

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

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 place to provide reasonable assurance against fraud and error.

Statement of Board of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of expenditure over income for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue its activities.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that the content of the annual review on pages 5 to 9 along with the legal and administrative information on page 4 of this document meets the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011, the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Trustees confirm that:

so far as each Trustee is aware, there is no relevant information of which the Charity’s independent
examiner is unaware; and,

• each Trustee has taken all the steps that they should have taken as a Trustee/Director in order to make themselves aware of any relevant independent examination information and to establish that the Charity’s independent examiner is aware of that information.

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Preparation of the report

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006, and the exemptions available for smaller charities under the Statement of Recommended Practice.

This report was approved and authorised for issue by the Board of Trustees on 8 June 2026 and signed on its behalf by:

D DEVANNY

TRUSTEE

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

Independent examiner’s report

I report to the Trustees on my examination of the accounts of The Charles Causley Trust (charity number 1152107, company number 08239130) for the year ended 30 September 2025 which are set out on pages 12 to 24.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general directions given by the Charity Commission under
section 145(5)(b) of the Charities Act; and,
to state whether particular matters have come to my attention.

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or,

the accounts do not accord with those records; or,

• the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or,

• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

ANDREW PHILIP NASH FCA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833 DATED: 8 JUNE 2026

Enaid Accountancy Ltd Platform 10 Engine Rooms Hood Road Barry CF62 5QL

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

Statement of financial activities

Incorporating the Income and Expenditure Account & Statement of Realised Gains and Losses

For the year ended 30 September 2025

Notes Income from: Donations & legacies 3 Charitable activities 4 Other trading activities 5 Total income Expenditure on: Raising funds 6 Charitable activities 6 & 7 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward 12 & 13 Total funds carried forward 12 & 13	Total Unrestricted Restricted Total Funds Funds Funds Funds Year ended Year ended Year ended Year ended 30 Sep 2024 30 Sep 2025 30 Sep 2025 30 Sep 2025 (restated) £ £ £ £ 33,473 5,000 38,473 20,034 6,938 - 6,938 2,836 7,417 - 7,417 4,309
	47,828 5,000 52,828 27,179
	6,577 - 6,577 8,555 38,275 5,625 43,900 38,827
	44,852 5,625 50,477 47,382
	2,976 (625) 2,351 (20,203) - - - -
	2,976 (625) 2,351 (20,203) 234,133 5,625 239,758 259,961
	237,109 5,000 242,109 239,758

Following on from a change of accountants and review of the structure of the accounts, partially in preparation for the new SORP, the income allocation and cost allocation models have been reviewed and amended. The prior year figures have been restated to reflect this, however both gross income and expenditure remain unchanged.

The notes on pages 14 to 24 form part of the financial statements.

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Balance sheet

As at 30 September 2025

£ 1,635 152 39,094	Total 30 Sep 2025 £ - 202,032	£ 1,770 920 37,009	Total 30 Sep 2024 £ - 202,540
40,881 (804)		39,699 (2,481)
	40,077		37,218
	242,109		239,758
	5,000 237,109		5,625 234,133
	242,109		239,758

The notes on pages 14 to 24 form part of the financial statements.

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A.

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 30 September 2025, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 September 2025 under section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

They were approved and authorised for issue by the Board of Trustees on 8 June 2026 and signed on their behalf by:

D DEVANNY

TRUSTEE

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 1, and the Companies Act 2006.

The effect of any event relating to the year ended 30 September 2025, which occurred before the date of approval of the financial statements by the Board of Trustees, has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 30 September 2025 and the results for the year ended on that date.

The functional currency of the Charity is GBP and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Using the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the wider economic environment has had no material impact on this assessment.

Legal status

The Charles Causley Trust is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member. The registered address is 2 Cyprus Well, Ridgegrove Hill, Launceston, Cornwall, PL15 8BT.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 12 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable. Client contributions are classed as donations as they are entirely voluntary and do not impact access to service.

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

1. Accounting policies (continued from previous page)

Income (continued from previous page)

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities and other trading activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Intangible fixed assets

Copyright represents the permission obtained for the use of poems on an app for two years from the release date of the app (June 2019). This cost has been amortised on a straight line basis over this two year period.

Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets except freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on a reducing balance basis:

Office equipment 20% on reducing balance

Freehold property is stated at valuation. Revaluations are made with sufficient regularity to ensure the carrying amount does not materially differ from that which would be determined using fair value.

Personal effects are stated at their residual value and as such, are not depreciated over time.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

1. Accounting policies (continued from previous page)

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

2. Comparative statement of fnancial activities

Notes Income from: Donations & legacies 3 Charitable activities 4 Other trading activities 5 Total income Expenditure on: Raising funds 6 Charitable activities 6 & 7 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward 12 & 13 Total funds carried forward 12 & 13	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 20,034 - 20,034 2,836 - 2,836 4,309 - 4,309
	27,179 - 27,179
	8,555 - 8,555 27,082 11,745 38,827
	35,637 11,745 47,382
	(8,458) (11,745) (20,203) 14,754 (14,754) -
	6,296 (26,499) (20,203) 227,837 32,124 259,961
	234,133 5,625 239,758

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Income from donations and legacies

Grants Carew Pole Foundation Cause 4 - Network grant Creative Kernow Fenton Arts Trust Foyle Foundation Sedel-Collings Fund Total grants Donations Memberships Grants Co-op Community Fund Finnis Scott Foundation Carew Pole Foundation FEAST Cause 4 - Network grant Total grants Donations Memberships	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 1,000 - 1,000 2,500 - 2,500 1,000 - 1,000 - 5,000 5,000 3,000 - 3,000 10,000 - 10,000
	17,500 5,000 22,500 14,901 - 14,901 1,072 - 1,072
	33,473 5,000 38,473
	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 2,290 - 2,290 1,500 - 1,500 1,000 - 1,000 1,050 - 1,050 1,980 - 1,980
	7,820 - 7,820 11,354 - 11,354 860 - 860
	20,034 - 20,034

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

4. Income from charitable activities

Festival and educational events Competition entries Festival and educational events Cultural tourism	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 1,938 - 1,938 3,700 - 3,700 1,300 - 1,300
	6,938 - 6,938
	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 2,836 - 2,836
	2,836 - 2,836

5. Income from other trading activities

Sale of merchandise and other income Sale of merchandise and other income	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 7,417 - 7,417
	7,417 - 7,417
	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 4,309 - 4,309
	4,309 - 4,309

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Total expenditure

Raising funds Charitable activities Raising funds Charitable activities		Direct Indirect Total costs costs costs Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 5,497 1,080 6,577 36,692 7,208 43,900 42,189 8,288 50,477 Direct Indirect Total costs costs costs Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 7,222 1,333 8,555 32,776 6,051 38,827


		39,998 7,384 47,382

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

All costs on raising funds in both the current and prior year have come out of unrestricted funds.

Indirect costs consists of the following:

Professional services Insurance Administration Governance - independent examination	Total Total Year ended Year ended 30 Sep 2024 30 Sep 2025 (restated) £ £ 1,802 2,143 2,557 2,144 3,125 2,095 804 1,002
	8,288 7,384

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

7. Expenditure on charitable activities

Direct costs Indirect costs Direct costs Indirect costs	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 31,067 5,625 36,692 7,208 - 7,208
	38,275 5,625 43,900
	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) £ £ £ 21,031 11,745 32,776 6,051 - 6,051
	27,082 11,745 38,827

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

8. Intangible fxed assets

9. Tangible fxed assets Cost As at 1 October 2024 As at 30 September 2025 Accumulated amortisation As at 1 October 2024 As at 30 September 2025 Net book value As at 1 October 2024 As at 30 September 2025 Cost As at 1 October 2024 As at 30 September 2025 Accumulated depreciation As at 1 October 2024 Charge for year As at 30 September 2025 Net book value As at 1 October 2024 As at 30 September 2025	Freehold Personal property effects £ £ 195,000 5,000	Total Copyright Total £ £ 325 325
		325 325
		325 325
		325 325
		- -
		- -
		Offce equipment Total £ £ 5,815 205,815
	195,000 5,000	5,815 205,815
	- - - -	3,275 3,275 508 508
	- -	3,783 3,783
	195,000 5,000	2,540 202,540
	195,000 5,000	2,032 202,032

9. Tangible fxed assets

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

10. Debtors and prepayments

Charles Causley Trust nual report and fnancial statements Debtors and prepayments	Year ended 30 September 2025
Trade debtors Accrued grant income Prepayments	Total Total Year ended Year ended 30 Sep 2025 30 Sep 2024 £ £ - 65 - 731 152 124
	152 920

11. Creditors: amounts falling due within one year

Accruals	Total Total Year ended Year ended 30 Sep 2025 30 Sep 2024 £ £ 804 2,481
	804 2,481

Charity number 1152107 Company number 08239130

Year ended 30 September 2025

The Charles Causley Trust Annual report and financial statements

Analysis of charity funds

ear ended 30 September 2025 2. Analysis of charity funds	The Charles Causley Trust Annual report and fnancial statements
Restricted funds Garfeld Weston Fund Fenton Arts Trust Restricted funds Unrestricted funds General funds Total funds	Balance Income Expenditure Transfers Balance brought for the in the between carried forward period period funds forward Year ended Year ended Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ £ £ 5,625 - (5,625) - - - 5,000 - - 5,000
	5,625 5,000 (5,625) - 5,000 234,133 47,828 (44,852) - 237,109
	239,758 52,828 (50,477) - 242,109

Garfield 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 two halves split over 24 months. Restrictions are in place that dictate these monies are to only be used for the purpose of core costs.

Fenton Arts Trust

These were funds received to support four residencies to young/emerging poets with the project commencing in the next financial year.

Restricted funds Art Fund Culture Recovery Fund Garfeld Weston Fund Lighting the Sun 22-23 Restricted funds Unrestricted funds General funds Total funds	Balance Income Expenditure Transfers Balance brought for the in the between carried forward period period funds forward Year ended Year ended Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 30 Sep 2024 30 Sep 2024 (restated) (restated) (restated) (restated) (restated) £ £ £ £ £ 2,406 - (4,329) 1,923 - 21,414 - (489) (20,925) - 7,924 - (2,299) - 5,625 380 - (4,628) 4,248 -
	32,124 - (11,745) (14,754) 5,625 227,837 27,179 (35,637) 14,754 234,133
	259,961 27,179 (47,382) - 239,758

Restricted funds
Art Fund
Culture Recovery Fund
Garfeld Weston Fund
Lighting the Sun 22-23
Restricted funds
Unrestricted funds
General funds
Total funds

Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
30 Sep 2024
30 Sep 2024
30 Sep 2024
30 Sep 2024
30 Sep 2024
(restated)
(restated)
(restated)
(restated)
(restated)
£
£
£
£
£
2,406
-
(4,329)
1,923
-
21,414
-
(489)
(20,925)
-
7,924
-
(2,299)
-
5,625
380
-
(4,628)
4,248
-

32,124
-
(11,745)
(14,754)
5,625
227,837
27,179
(35,637)
14,754
234,133

259,961
27,179
(47,382)
-
239,758

Art Fund

A grant was received from the National Art Collections Fund to support 11 month internships that began in September 2023.

Charity number 1152107 Company number 08239130

The Charles Causley Trust Annual report and financial statements

Year ended 30 September 2025

12. Analysis of charity funds (continued from previous page)

Culture Recovery Fund

At the end of the year to 30 September 2021 the Trust received confirmation that it would receive a grant totalling £95,073 from the Arts Council as part of it’s Culture Recovery Fund Emergency Resource Support. This was fully spent in the subsequent year except for a balance provided intentionally to allow the charity to build its reserves, which was transferred to general funds in the prior period.

Lighting the Sun

During the financial year ending September 2022, the Trust received confirmation 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. A transfer was made from unrestricted reserves in the prior period to cover the deficit at the end of the project.

13. Analysis of net assets

Fixed assets Current assets Current liabilities Fixed assets Current assets Current liabilities	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2025 30 Sep 2025 30 Sep 2025 £ £ £ 202,032 - 202,032 35,881 5,000 40,881 (804) - (804)
	237,109 5,000 242,109
	Unrestricted Restricted Total Funds Funds Funds Year ended Year ended Year ended 30 Sep 2024 30 Sep 2024 30 Sep 2024 £ £ £ 202,540 - 202,540 33,343 6,356 39,699 (1,750) (731) (2,481)
	234,133 5,625 239,758

14. Trustee remuneration

During the year, no Trustee received any remuneration (2024: £Nil). No members of the Board of Trustees received reimbursement of expenses (2024: £Nil).

15. Related party transactions

During the year there were no related party transactions (2024: £Nil).

Charity number 1152107 Company number 08239130

Contents

Reference and administrative details

Charity number

Company number

Registered offce

Trustees

Company secretary

Independent examiners

Principal bankers

Trustees’ annual report

Aims and objectives

For the public benefit:

Public beneft

Achievements and performance

The Charles Causley Trust

Financial review

Financial position

Reserves policy

Going concern

Structure, governance and management

Governing document

Charity constitution

Recruitment and appointment of new trustees

Risk management

Statement of Board of Trustees’ responsibilities

Preparation of the report

D DEVANNY

TRUSTEE

Independent examiner’s report

Respective responsibilities of trustees and examiner

Basis of independent examiner’s statement

Independent examiner’s statement

ANDREW PHILIP NASH FCA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833 DATED: 8 JUNE 2026

Statement of financial activities

Balance sheet

D DEVANNY

TRUSTEE

Notes to the financial statements

1. Accounting policies

Going concern

Legal status

Fund Accounting

Income

1. Accounting policies (continued from previous page)

Intangible fixed assets

Stocks

Debtors and prepayments

1. Accounting policies (continued from previous page)

Creditors and accruals

Financial instruments

Critical estimates and judgements

2. Comparative statement of fnancial activities

4. Income from charitable activities

5. Income from other trading activities

7. Expenditure on charitable activities

8. Intangible fxed assets

9. Tangible fxed assets

10. Debtors and prepayments

11. Creditors: amounts falling due within one year

Garfield Weston Fund

Fenton Arts Trust

Art Fund

12. Analysis of charity funds (continued from previous page)

Culture Recovery Fund

Lighting the Sun

13. Analysis of net assets

14. Trustee remuneration

15. Related party transactions