Charity number: 1159129 THE T.S. ELIOT FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 F. S ILIOI FOUfytsIFICN THE T.S. ELIOT FOUNDATION CONTENTS Page Reference and administrative detalls of the Charity. its Trustees and adviser& Trustees. report 2-17 Trustees, r88ponsibilities statement 18 Independent audltors, report on the financial statements 19-22 Consolidatsd statement of financial activities 23 Consolidated balance sheet 24 Charity balance sheet 25 Consolidated statement of cash flows 26 Notes to the financial statements 27-49 T S. ÉLIOI FOUN.D*II This year the reading was given by Kim Hyesoon, one of the most celebrated South Korean poets of the 21 st century).and her translator Don Mee Choi. Kim Hyesoon is one of the most influential contemporary poets of South Korea. She is the first female poet to receive the prestigious Midang and Kim Su-yong awards, and her collections indude I'm OK. I'm Pig! (Bloodaxe Books, 2014), Poor Love Machine (Action Books, 2016). and Autobiography of Death (New Directions, 2018). Her work has been translated into many languages, including Chinese, French. GenTsan, Japanese, Spanish, and Swedish. According to her English translator Don Mee Choi, "Kim's poetry goes beyond the expectations of established aesthetics and traditional 'female poetr￿ {y?ryusi). which is characterised by its passive, refined language.. Kim's poetics are rooted in her attempt to resist conventional lrterary fomis and language long defined by men in Korea.. Kim lives in Seoul and teaches creative writing at the Seoul Institute of the Arts. T.S. Eliot Poetry Prize T. S. ELIOT PRIZE I S. ELIOI FOUhDA"IlOM Page 6 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (continued) The prize celebrated its thirtieth anniversary in January 2024 'Though it's a decade ago now - inexorably, another ten years has passed - and though winning is never a given. but rather an extraordinary stroke of brightly-￿10Ured luck- being awarded the T. S. Eliot Prize changed my lrfe., Sinead Morrissey. winner 2013 'The real gift is that for the first time I feel as though I can write, that I have a right to write. I'm indebted to the judges and the Prize and am running hard at every opportunity it offers me., Joelle Taylor, winner 2021 1 5 EIIOT FOUNDA"&ll>Y Page 7 THE T.S. EUOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfom7ance (continued) la 21 oJkiryf•!I T. S. Eliot Prize winners.. (top row. from left) Ocean Vuong. Michael Longley, Carol Ann Duffy, Paul Muldoon. Seamus Heaney. Sarah Howe, Don Paterson,. (second row) Bhanu Kapil, Ted Hughes, Sean O'Brien, Sharon Olds, Roger Robinson, Alice Oswald, Philip Gross- (third row) Joelle Taylor, Anthony Joseph, John Burnside, Les Murray. Hannah Sullivan. Jen Hadfietd,. (fourth row) Mark Doty, Ciaran Carson. Derek Walcott, Jacob Polley, Anne Carson. Hugo Williams. George Szirtes, Sinéad Morrissey, David Harsent. To celebrate the 30th anniversary of the prEe in January 2024 we asked members of the Southbank Centre's New Poets Collectives if they would help us mark the 30th anniversary of The T.S.Eliot Prize. Members of the Collectives made video recordings recorded indoors and out and these can all be viewed on the T.S.Eliot Prize YouTube Channel. We also produced a film celebrating the 30th anniversary of the Eliot Prize film which can also be viewed on our YouTube channel: https:Ilwww.youtube.comlwatch?v=jeEH27V2SpO The Foundation took on the administration and sole financial support of the annual T.S. Eliot Poetry Prize following the closure of the Poetry Book Society in 2016, who had devised and run the prize since 1993 with the financial help of Valerte Eliot. Described by past poet laureate Andrew Motion as 'the prize most poets want to win, and 'the worfd's top poetry award, (Independent), it is awarded to the author of the best new collection of poetry published in the UK and Ireland for the previous year. The T.S. Eliot Poetry Prize is fimily established as the most valuable and prestigious prize in the UK for a new collection of poetry. It is distinct among poetry prizes in being judged by a panel of estsblished poets. To mark the 25th anniversary of the establishment of the Prize the T.S. Eliot Foundation announced that the value of the Prize for the best collection for 2017 was to be increased to £25,000 and that the ten shortlisted poets would each receive £1,500. CRACK POETS AND VIBRANT NEW VOICES DELIVER COLLECTIONS 'IMBUED WITH ENERGY AND JOY. IN DISRUPTIVE T. S. ELIOT PRIZE 2023 SHORTLIST T S ELLOI FOitNDK4fiON Page 8 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (contlnued> On 3rd October 2023 The Foundation was thrilled to announce the T. S. Eliot Prvze 2023 shortlist. chosen by judges Paul Muldoon (Chair), Sasha Dugdale and Denise Saul from 186 poetry collections submitted by British and Irish publishers. The list comprised a former winner and tsvo previously shortlisted poets, as well as iwo debuts and second collections. Poets hailed from the UK, Ireland, Jamaica, Hong Kong and the USA. Chair of judges Paul Muldoon said 'We are confident that all ten shortlisted titles not only meet the high standards they set themselves but speak most effectivety to, and of. their moment. If there's a single word for that moment it is surely 'disrupted', and all these poets properly reftect that disruption. Shot through with images of grief. migration. and conflict, they are nonetheless imbued with energy and joy. The names of some poets will be familiar, others less so- all will find a place in your head and heart,. The full list was as follows= Jason Allen-Paisant Joe Carri¢k-Varty Jane Clarke Kit Fan Katie Farris Ishion Hutchinson Fran Lock Eilean Ni Chuilleanain Sharon Olds Abigail Parry Self-Portrait as Othello More Sky A Change in the Air The Ink Cloud Reader Standing in the Forest of Being Alive School of Instructions Hyenal The Map of the World Balladz l Think We're Alone Now Carcanet Press Carcanet Press Bloodaxe Books Carcanet Press PavilionPoetry Faber & Faber Poetry Bus Press Gallery Press Cape Poetry Bloodaxe Books We celebrated the 30th anniversary of the T. S. Eliot Prize with a stirring film (produced by Sam Dunstall of Simon Williams Independent Media Production). lan Mcmillan providing a lively commentary over a rousing soundtrack and archival images and footage. The readings, hosted with his usual aplomb by poet lan Mcmillan, had the 10 short listed poets read from their collections at the Royal Festival Hall. Southbank on 14 January 2024 to our largest audience yet and the event was also live streamed. r. S. ELIOT FOuNDAfiON Page 9 THE T.S. ELIOT FOUNDATION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance {¢ontlnued) Judges Paul Muldoon (Chair), Sasha Dugdale and Denise Saul announced the winner of the 2023 T. S. Eliot Prize at a ceremony at the Wallace Collection on 15 January as Jason Allen-Paisant with Self- Portrait as Oth811o with a prize of £25.000. The ten short listed poets received £1,500 each. The judges. Chair Paul Muldoon, Sasha Dugdale and Denise Saul said: 'Self-Portrait as Othello is a book with large ambitions that are met with great imaginative capacity, freshness and technical flair. As the title would suggest, the poetry is delivered with theatricality and in a range of voices and registers. across geographies and eras. It takes real nerve to pull off a work like this with such style and integrity. We are confident that Self-Portrait as Othello is a book to which readers will return for many years.. Jason Allen-Paisant is a Jamaican writer and academic who works as a senior lecturer in Critical Theory and Creative Writing at the University of Manchester. He's the author of iwo poetry collections, Thinking with Trees (Carcanet Press, 2021). winner of the 2022 OCM Bocas Prize for poetry, and Self-Portrait a5 Othello (Carcanet Press. 2023), which won the Forward Prize for Best Collection. His non-fiction book, Scanning the Bush. will be published by Hutchinson Heinemann later this year. He lives in Leeds. Joining a prestigious list of previous winners. including Ted Hughes. Seamus Heaney. Don Paterson, Paul Muldoon, All￿ Oswald and Carol Ann Duffy. Jason will also be the sixth poet inducted into the new T.S.ESiot prize winners, archive. which was estsblished in 2018 to preserve online the voices of winning poets for posterity. Clare Reihill. Trustee with Jason Allen-Paisant the 2023 TS Eliot Poetry Prize Winner r. s ÉLIOI FOUP4D*iION Page 10 THE T.S. ELIOT FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (continued) 'It's a stamp of approval and when you come to something like the T. S. Eliot Prize, then, clearly, we're not just talking about any award, are we?, _ Jason Allen-Paisant, intervFewed by Jonny Dymond. BBC Radio 4's The World Thi5 Weekend For the sixth year the Foundation also commissioned videos and reviews of the poets, work which were available on tseliot.com and through the Prize's weekly newsletter. Young Critics Scheme When the T.S.Eliot Prize founded the Young Crttics scheme with The Poetry Society's Young Poets Network, the aim was to empower young critics. to offer a different critical viewpoint on the shortlisted collecbons, and to engage more young readers with the Prize. sloL CKrwEt￿i￿ I U7￿. h4wR Following a series of workshops led by The Poetry Society's Cia Mangat, writer and reviewer Helen Bowell, and guest expert Jen Campbell, this year's Young Critics- Evelyn Byrne, Daniel Clark, Oliver Cooney, Godelieve de Bree, Chloe Elliott, Leo Kang, Urussa Malik, Sinead O'Reilly, Natslie Perman and Gabrielle Tse - produced astonishingly engaging and insightful video reviews of the 2023 T.S.Eliot Prize Shortlist. The wdeos combine both dazzling critiques and visuals, and are a brilliant way to deepen the readerfs experience and understanding of the collections. ¥.S EI107 FOUNDA TIIY Page11 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (continued) .1 mean - it's straight-up one of the most acute and careful responses anyone's offered to something I've written. And some of the best visual language I've seen in a video essay. Seriously, it's a gift. Thank you., Abigail Parry 'Evelyn Byrne's response to A Change in the Air is wonderful - insightful. illuminating and beautifully worded. I love that the collection is meaningful to someone of her generation. Christine Macgregor has already added it to the Bloodaxe website and I will add it to mine too., Jane Clarke 'What a wonderful, thoughthjl review! Thanks so much for sharing it with me. I remember seeing these last year and thinking what an amazing, wellexecuted idea!. _ Jason Allen-Paisant T.S Eliot Poetry Prize Events Newcastle Poetry Festival. 11 May 2023 The opening event at the Newcastle Poetry Festival was a T. S. Eliot Prize Showcase event with readings by Zaffar Kunial and Fiona Benson. both shortlisted in 2022. The organisers were delighted with the success of the event and the opening of the Festival being associated with as prestigious a poet as T. S. Eliot. Cheltenham Literature Festival. 12 October 2023 We staged a brilliant reading by 2022 winner Anthony Joseph and an amazing danc&poetry performan￿ by Safiya Kamaria Kinshasa {AnthonVs choice, Forward Prize-nominated) at Cheltenham Literature Feslival's The Hive. Mike Sims. Prize Director, read out the newly announced Shortlist. T.S.Eliot Lecture- Abbey Theatre Dublin The Foundation and the Abbey Theatre announced the eighth lecture in its Series of annual T.S. Eltot Lectures inspired by T.S. Eliot's impact on modern literature and his 1939 lecture at the Abbey in honour of W B Yeats. Presented at the Abbey Theatre since 2016, previous speakers include Paul Muldoon, Steven Pinker, Samantha Power. Sean Scully, Edna O'Brien. Es Devlin and Sally Rooney. This yearfs lecture, Journey of the Magi, on the subject of Artificial Intelligence, was named for T.S.ElioYs 1927 poem of the same name and was delivered by acclaimed writer Jeannette Winterson at the Abbey Theatre on 17 December 2023. followed by an in-conversation with Mark O'connell. Jeanette Winternon CBE is a British writer. After gfaduating from Oxford University, she published her first novel at 25. Oranges Are Not The Only Fruit is based on her own upbringing but using herself as a fictional character. She scripted the novel into a BAFTA winning BBC drama. 27 years later she re-visited that material in her intemationalEy bestselling memoir Why Be Happy When you Could be Normal? She has written thirteen novels for adults, three collections of short stories, as well as children's books. non- fiction and secreenplays. Drawing on her years of thinking and reading about Al, Winterson published her first non-fiction book on Al. 12 Bytes: How Artificial Intelligence Will Change the Way We Live and Love, In Ju 2021. Night Side of The River:Ghost Stories is her latest book. T S. EL101 FOU%D*lION Page 12 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance (continued) Jeanette Winterson Additional Notable projects T.S.Eliot International Summer School 2023. www.tseliotschool.com Every July the Summer School brings together renowned scholars and students from around the world for a nine-day. immersive exploration of the lrfe and work of Nobel Prize winning poet. crttic and dramatist T.S.Eliot. The 2023 Inaugural address was delivered by Ruth Padel and since it was founded over a decade ago the School has assembled the most distinguished scholars of T.S.Eliot and Modern Literature. In recent years it has featured lecturers and poets such as Simon Armitage, Jewel Spears Brooker, Robertt Crawford, Mark Ford, Lyndall Gordon, Professor Ron Schuhard, John Haffenden, Craig Raine and Sir Tom Stoppard. The Foundation continues its annual support by awarding 20 bursaries to students unable to afford the fees and by funding the opening reception. r.s ELIOT FOV14DA110N Page 13 THE T.S. ELIOT FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfom)an¢e (contlnued) Sweny's. Dublin The Foundation has awarded an annual grant of £5.000, commencing in 2020121, every Bloomsday (16th June) to Sweny's, Dublin's Joycean Pharrnacy to mark and celebrate the connection bebmeen literary giants T.S. Eliot and James Joyce who first met at the Hotel de I'Elysee in Paris in August 1920. Joyce, renowned for his grubby tennis shoes, put on blad( patents for the occasion and was not amused by the 'crumply hopelessly knotted, parcel containing a pair of brown shoes, a present delivered by Eliot from Wyndham Lewis. They dined. Joyce paid and two years later, in 1922, these two geniuses gave the world their brilliant works The Waste Land and Ulysses. The first grant was awarded on 16 June 2020. When Leopold Bloom's purchases a cake of lemon soap in Sweny Chemist Druggist, in James Joyce's masterpiece, Ulysses119221, it became one of literature's more sensuous and memorable moments. Bloom. on Thursday 16 June 1904, walks the city streets and during his wanderings he calls into Sweny's to buy his wife Molly her favourite fa￿ cream. And drawn to the sweet wax smell of Sweny's lemon soap he buys a bar. Sweny's today is no longer a pharmacy. It is dedicated to Joyce and is open to the public every day of the year. Run by volunteers, these enthusiasts hold readings from Joyce's works and cakes of lemon soap can still be purchased. A charity, Swenrf overheads are covered by the sale of Swenls lemon soap. books and donations. stinging Fly - based in Dublin, is a literary magazine, a book publisher. an education provider, and an online platform. They are independent and not for profit. Their mission is to seek out. nurture, publish and promote the very best new writers and new writing. The Foundation has agreed to become a Patron and provide annual support of É35,000 with the third grant being awarded in April 2023. Our funding will help continue to grow the press, the magazine, the website and their programme of workshops and seminars and employ a member of staff to assist in these areas. )NWW.Stin in Yeats Society - "The T S Eliot Foundation celebrating the life and work of poet T S Eliot has come to the aid of the SoC￿ty dedicated to the life and work of WB Yeats.. Yeats Summer School Valerie Eliot wlth Seamus Heaney at the 1997 Summer School when Valerie gave the opening address at the Hawk'8 Well Theatre The Yeats Society Sligo has announced that the T S Eliot Foundation in London has committed to supporting it to the tune of £125,000 (É147,500) in totsl over the period 2022 to 2027 with the first grant of £25,000 awarded in 2022-23. The paths of the American poet, who spent most of his life in London, and WB Yeats crossed during their lifetimes. Following Yeats, death, Eliot delivered the first annual Yeats lecture at the Abbey Theatre in which he discussed the influence of Yeats on poetry and on his own work, and now ￿lebrated by the annual TS Eliot Lecture at the Abbey Theatre. The Yeats Society has expressed its gratitude to the foundation, with chair Chris Gonley saying the "generous supporv, will allow the society to continue to pursue its work. r 5. £LIOI FOU%DIIION Page 14 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfomiance (continued) Trustee, Clare Reihill said the Foundation was "delighted to support the further understanding of the work of this continuingly vital poet" To my father. Sligo was home. Sligo was his initial literary inspiration, and the real importance of the Summer School has been to intem)ingle its academic activities with the haunting beauty of the Sligo countryside. Only in the 'Yeats Country, could such a venture have been Considered. Michael Yeats August, 1990 Southbank Centre's New Poets Collective - The Foundation awarded its third annual grant of £25,400 as part of a 4 year commitrnent to fully fund a new poetry endeavour. The New Poets Collective programme is a free talent development programme offered by Southbank Centre through their Emerging Artists activity. Based in their world-famous National Poetry Library. the scheme supports a rolling annual cohort of up to 15 poets to hone their skills and expand their knowledge and confidence. They especially welcome applications from underrepresented communities, including Black. Asian and Ethnically Diverse poets, LGBTQl+ poets, disabled or neuro-diverse poets, and poets from disadvantaged socio*conomic backgrounds. Lead tutors Vanessa Kisuule and Will Harris devise and lead monthly workshops for the group, with the assistance of special guest poets. These sessions are designed to help the group's members develop as versatile creative artists with skills and confidence across a range of genres. from page poetry to performative poetry and spoken word. During their time on the course. the Collective is able to explore and be inspired by all the art fonns and cross-arts events held at the Royal Festival Hall. the Queen Elizabeth Hall and the Hayward Gallery, whilst contributing in their own right to the rich and varied artistic life of the Southbank Centre. The group also has the chance to respond to the Southbank Centfe'sown unique archive and history. The programme culminates in presentations at the London Literature Festival and a printed and digital anthology. It also includes industry insight sessions designed to provide tools for this group of emerging poets to build their writing careers in the years ahead. The Academy of American Poets Each year we support the Academy of American Poets Fellowship prize with an award of $12,500 towards the $25.000 annual prize together with a residency at T. S. Eliot's summer home in Gloucester, Massachusetts. The Authors Guild Foundation The Foundation made a grant of $20.000 to the Authors Guild who endeavour to support authors, livelihoods. defend free speech, fight book banning, and safeguard authors, interests in an ever-evolvin9 publishing landscape. Specifically. our support will go towards paying commissions to four poets writing "plays for voices." The four poets are Ilya Kaminsky, Danez Smith, Ara￿115 Girmay and Alice Oswald. The Pilgrlm The Foundation awarded an annual grant of $10,000 commencing in January 2024 (having already made a one off grant of $5,000 in 2022-23. The Pilgrim is a quarterly literary magazine from the homeless Community of downtown Boston, edited by James Parker and Christie Towers and published out of the Cathedral Church of St. Paul, on Tremont Street. r.s. EItOT FOUhDAIION Page 15 THE T.S. ELIOT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance {contlnued) Since its founding in December 2011, The Pilgrim has published the wort( of hundreds of homeless, transitional or recently housed writers. All are part of the Black Seed Writers Group who meet every Tuesday morning in the Cathedral's basement. What's in The Pilgrim? Poetry, protest, memoir, prayer. rant. reportage, jubiLgtion and despair. Dispatches from the psychic frontline of American society- The master metaphor of the magazine is pilgrimage, and its proposition to the reader is that homelessness is a state of acute pilgrimage a condition of material and occasionally moral emergency, and thus a place where the world reveals itself under the pressure, or the pouring-in. of a higher ￿ality- Plans For The Future The Write¢s Retreat in Gloucester MA is now fully operating and we hope to run other local readings and lectures. In March 2023 the Foundation purchased a second Writer's Retreat in East Coker, Somerset. close to St Michael & All Angels Church the final resting place of T.S. Eliot and his widow Valerie Eliot. Consents for renovations to the Grade 1 properties were received in April 2024 and the next few years will see the renovation and refurbishment of the property with the aim to open for writers in 2025. The sixth T.S. Eliot Memorial Reading will take place at the Woodbery Poetry Room at Harvard in Fall 2023 with the reader being announced in Summer 2023. The twstees will continue working with the Poetry Society of America on establishing The Four Quartets Prize as an important Poety Prize in USA The Foundation will hold the ninth annual T.S. Eliot Lecture at the Abbey Theatre in Dublin in December 2024. The Foundation continues to support its subsidiary, Dead Poets Live Ltd, with grants to assist its work in writing scripts and bringing performances to the Coronet Theatre, Noth"ng Hill and Wiltons Music Hall. These are evenings based around the work. lives and friendships of dead poets. All funds made from box office receipts and waived actors fees are donated via the Foundation to Safe Passage a charity dedicated to bringing child refugees to the UK safely and legally. Every year thousands of unaccompanied child refugees arrive in Europe in search of safety. They find themselves stuck in squalid camps or sleeping rough on city streets unaware of their legal right to travel safely through Europe. Safe Passage help child refugees access their rights. vmw.dead oets.live The Foundation will also continue to make further grants to institutions and indtviduals in line with the charity's charitable activities. Working with such institutions as the Arvon Foundation, The Koestler Trust. Poetry at the Coronet Theatre, Poetry London, Cheltenham Literary Festival and other organisations that the Trustees feel closely align with the aspirations of the Foundation. And individuals such as the Poet Laureate Simon Armitage enabling him to seek out small, disadvantaged groups in the North of England and to support libraries across the UKwith his annual library tour. T S. ELIOI FOVt4D•IION Page 16 THE T.S. ELIOT FOUNDATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Public Benefft In addition to the activities described under achievements, The Foundation has also pledged a further three years support to Hampstead Theatre for core funding with a grant of £30.000 per annum with the second grant being paid in 2023-24. Hampstead lost theirArts Council Funding, so our support is more important than ever to ensure this vibrant theatre can continue commissioning and provide an exciting season of WOTk for new and loyal audiences. The Foundation exiended its support of new writing by awarding a Grant of £1 OOK to The Royal Court Theatre to support its first season under new Artistic Director David Byme, Additionally the Foundation will be supporting the theatre with an annual grant of £1 OK from 2025 to 2029. The Trust has continued to support a Poet Educator at St Elizabeth's Catholic Primary School and Cardinal Pole School and to work with Christian Foley in seeking out other schools who may benefit from this programme. as well as supporting Christian through his Masters at Goklsmith's College. The Foundation made its third annual grant of £35.000 in a three-year commitment to support English PEN with core funding for the period 2021 to 2023, to support their literary work and fund the role of a UK Campaigns Manager. English PEN is the founding centre of PEN Intemational, a worldwide writers, association with 145 centres in more than 100 countries. PEN campaign to defend writers and readers in the UK and around the world whose human right to freedom of expression is at risk. They work to remove inequalities, where they exist. which prevent people's enjoyment and learning from literature. PEN facilitate and promote translation into English of published work in foreign languages they consider to be of outstanding literary merit. The Foundation also provides emergency funding on an ad hoc basis for writers in desperate situations. www.en lish n.or EN4LISII Approved by ord of the mem ers of the board of Trustees and signed on their behalf by: Mrs C Reihiil Trustee Date.. 1. 5. ELIOT FOIJNDts71014 Page 17 THE T.S. ELIOT FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for preparing the Trustees, report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice}. The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for each financial which give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources. including their income and expenditure. for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsib￿ for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charty and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity {A¢counts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved order of the members of the board of Trustees and signed on its behatf by: Mrs C Reihill Trustee 1. 5 EIIOI F¢)Vt¥D*IIQI Page 18 THE T.S. ELIOT FOUNDATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE T.S. ELIOT FOUNDATION Oplnlon We have audited the financial statements of The T.S. Eliot Foundation {the 'parent charity,) and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet. the Consolidated statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance wtth the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant Fegulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements= give a true and fair view of the state of the Group's and of the parent charity's affairs as at 31 March 2024 and of the Group's incoming resources and application of resources. including tts income and expenditure for the year then ended., have been property prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordan￿ with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordan￿ with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audrt of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitls ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. I S ELIOT FOU%DArioM Page 19 THE T.S. ELIOT FOUNDATION INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF THE T.S. ELIOT FOUNDATION (CONTINUED) other infomiatlon The other information comprises the infom)ation included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements Of our knowle(fge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether thi5 gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a materia5 misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion= the infom)ation given in the Trustees, report is inconsistent in any material respect wtth the financial statement5,' or the parent Charity has not kept sufficient accounting records" or the parent Charity financial statements are not in agreement with the accounting records and returns: or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, responsibilities ststement. the Trustees are responsible for the preparation of the financial ststements which give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charity's ability to continue as a going concem. disclosing, as applicable. matters related to going concern and using the going con￿rn basis of accounting unless the Trustees either intend to liquidate the Group or the parent charty or to cease operab'ons. or have no realistic altemative but to do so. I S. ELIQI FOVP.'OArioN Page 20 THE T.S. ELIOT FOUNDATION INDEPENDENT AUDtTORS' REPORT TO THE MEMBERS OF THE T.S. ELIOT FOUNDATION (CONTINUED) Audltors. responsibllltles for the audit of the financial statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordan￿ with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatement. whether due to fraud or error, and to issue an Auditors, report that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misslatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below- Enquiry of management around actual and potential litigation and claims,. Enquiry of entity staff in compliance functions to identfy any instance of non-compliance with laws and regulations-, Perfomiing audit work over the risk of management override of controls, including testing ofjournals entries and other adjustments for appropriateness. evaluation the business rationale of signfficant transactions outside the normal course of business and reviewing accounting estimates for bias; Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with appli¢able jaws and regulations. Because of Ihe inherent limitations of an audit. there is a risk that we will not detect all irregularFties, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a taw or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non