INDEPENDENT PRESS REGULATION TRUST ACCOU13 FOR THE YEAR ENDED 6 APRIL 2025 HUNTERS Hunters Law LLP 9 New square Uneoln's Inn London WC2A 3QN M.OSOA07141
INDEPENDENT pftess REGULATION TRUST AccouNfs FOR THE YEAR ENDED S APRIL 2025 Tnths, Rewt stateffl of Flnandai klivitses 10 Balance Sheet 11 Statant of Cash Fkn 12 N<)tes ts the Accounts 13-15
INDEPENDENT PRESS REGULATION TRUST STATEMENT OF TRUSTEES. RESPONSIBLMES IN RESPECT OF THE AccouNrs FOR THE YEAR ENDED S APRIL 2025 In accordance wrth the Charity Commission's Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charitie5 SORP {FRS 102)), Accounting for Charrties, The Trustses of the Independent Press Regulation Trust CIPRT) are responsible for preparing a IN5tees' annual rewt and financial statements in accordance with applicable law and United Kingdom A£counting Standards (United ngdom Generally Accepted Accounting Practice). The law aprAicable to charit¢es in England and Wales requires the TTUStees to prepare ffnancial statements for each year whtch give a true arKI fair view of the state of affwrs of the charTty and of the incoming resources and application of resources. of the charity for that period. In preparing the finanryal statements, the TTUStees are required to.. • select sultable ac¢oLtntlng policie5 and appty them consistenty: observe th8 methods and winciples in the applicable Charities SORP. • make suitable judgements and estimatss thai are reasonable and pruden( . state whether applicable a¢Gounting stsndards ar statements of recommended practice have been followed subie(a to any mateTial departures disclosed in the accounts", and prepare the financial statements on the going ccncem basis unless it rs inapwopri*e to Purne thai this basis appThes. The Trustees are responsible for keeping proper accounting records that digclose wth reasonable a¢curacy at any time the financial position of the charity and to eTble them to ensure that the financial statements compty with the Charities Act 2011, the applicable Charibes (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and tsking reasonable steps lor the pveTrtion and detection of fraud and other tTregularthe¥. The Trustees are responsible for the rna1ntenan and integrtty of the chartty and finanryal information wi accordance with legistdon in the Untted Kingdom governing the prepa)n and disseminallon of ffinandal ststements.
INDEPENDEirr PR&8S REGULATION TRUST FOR M YEAR ENDED 5APRIL 2025 Admin15trn 11tr2737 PAn¢lpwl addrn 9 New Squ•r• LFrthlns Inn LondonWC2A3QN WHffid EthVa VorrKJr4Aife DrAJan frbirst {appJinted 13 Je %)24J Vojbl•vMihai1TC lapp)intèS 13 20241 chtsb hAbertFlac*•tt {r•tired 13 June 2024) Rithard ReesPulry IrBlrn113 20241 urgaas Hodgson Audit Linithl Ch8rt•red Accourrtants 27 N8w Dover Road Cant•rtyJry CT13DN HuntarB Law LLP 9 N&v &]uam LlrKoln's Inn WC2A 3QN C Ho¥Te & Co 37 Fleet Stre•t Londm EC4P 4DQ
INDEPENDENT PR&8S REGULATION TRUST TRUSTEES REPORT ovornance and M na Gov•mlng l)ocurnent The IndepBnd8nt Press Regulation TTus( was cTratad by a Dgdaration ofTrust dai8d 8th NoY¢mbtr2013. and rvgi%terEd as a tharity on the 20th Juty 2015. Futurn Appolntmentof NewTvu$tse• Trust are appntstt for a perlod ofthrev years by a rttdution of the Tnk8tees. Trustee5 may be appoInt£d at the end of their first and se¢ond teTrns office.11 a TNstee is to be apponed to replace a Trte vtho Is IEaN olllee helsh8 may b¢ 8pwinted not MO than the months before the other TNstee Jeaves offi, but wdl r¥)t tske offic8 unill tha othw Trus has IdL A Tnjstse ¢annotYot8 In favourofhlsthers T04ppoinlTrrt On appoinlmenL new TNstse¥ we IrlI¢d to an induction meetiryj where they are irrtroduced ID thg backgr work of the Charty. its governiny d0ment and eperab.onal fr&ne•+nrL Tnjstees a pfovwJwJ wth 11 rdevant information and 0mentatiOn tts fami•$t themselve5 vthh, U1n9 the Charty Corrnntsson's Guidan and PB2'. Tr Essential Trustee.. What You Need to Know arnl'PuWic Be[ running a thariv, overing thr legal responpthlvaes. financial Managrt and prinuples of goc<I govemance and Thk8 pracb.cal trairting as WEII as Dth&r orwing training frff the Charitytru5te85 i¥ pfovKl8d bythg 8YF8ri8nt£d Charits85 and SafeguartJiTrJ tearn cf Hunfrr5 Law LLP. oryani5ational Struthre olthe Charlty The Tnjstees manage the cthaty. and rneet on a Ix-annual b85 to lth all deu"st¢)ns necessary joinoy w1h regard to reviewJvJ the Trusfs acbwtie& Certain day4¢Mlay admtntstrab.ve tasks are ddegated to charitys VoluTrteei¥ Asid8 from the Trustees the Charity does not ¥Ly vc4urtser5. The Charity acts in¢9Fenderty ofand ig not PArt ora neiwo DgrAtlons ThE Charity is presenty not invoW In fUrKraISi Orp11 and r$ so on donation5 it reLYNeS. Rolated PartiBS The chatlty has nD 5utsthnes and 1$ not conneL18d Y Ollw ornot fot wofft klo¢L Rlsk PoliGy The Trustee5 ale r85ponsiNe for identifwng and manlVj all poiential rth fac£d by the Chanty. •WI rnaior risks tovthith the Charity is exposed have been revN¥ed and systems have been estebltshed to mgats these ii5k&
INOEPENDEfrif PRESS REGULATIOM TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2025 tlves and Aetlvitles lorthe P bli¢ 8n¢fit ObJ8cts and SlgnlficartA¢tlvlti•s Th8 (knJ'ects ofthe Charity are to Mote. for the bwefft oflhe public, high 5tsndard5 of ethical Eonduciand best PTr¢tice in joumalism and the edbts"n9 and put4Itatton of in Ihe 'prirf and other media, havthg ward to the T tr a¢twthin the lawarnt to protect both the privw of indNiduab5 freedom of•wre55(on. The TTUSte4s shatl further the Obieds by Such mearts as Ihey th4ik fit from Jme thi¢h m•y ¥Klude the provi&on of finana21 assistance toward$ tre es1ab1hmen¢ and support of an independwrt press gulatOr or indepeadent Pres5 reguLato(5 to be estsbii%FRd and wnducted tr the wthde orany part of the Unn¢d ryo in accordance the recommeftdations an¢J prinupl¢ssèt out in th¢ Le¥eson RepyL The Tnjstses cmtinue to ftthr the obieets of th? Charity predunlnartdy by •xertiSTny thelr thscrebon and Independen in providir finanual support to IMPRESS. a vmUnty interest cryry ancl Irthwdent press regulator, with Royal Cfiarter status. tMPRESS was est4$Sh in 2015 lo promote the integrity aTrl freedofft of the P$, ITr response to the ¢onduston$ of the Leve50n Inquiry. The atm of this finanrial support ty the ChaTty, is to help IMPRESS estthh it88Was a pre5S regIatOr. in line wth Ihe recomrnendations sei out in Ihe Leyeson ReporL ThKs fvndIr arrangeTnent sutyectto strict scnJtiny by Ihe Chwier body and Th¢ Pre55 RegIation Panel. In addOn. the ftsThdin9 arranqwfiefits or IMPRÉSS are scNllnispd every thtee yea15 to oleck interdependerTh and effectwwwss. The Chanty primarily operates therefore as 8 grantmaknng tharftabte L¥qSatio It i8 not involvèj in fundraisiThJ at presenL The Charivs govemirwa docum&rt pdeS that The inGoflle. at Éwslee dtscrEbon Ihe trapi.tal of Ihe TruslFundshallbe appfjedin furthering the otye. Thè PDJicy of the Ch8rity's trustees i8 thefe to concentrats organi5ati¢ns ¥Yhith gre (Ammitted to fostering integrity. aCt£¢untthlty, and eKe1k[ by uphoJdiNJ the highest Siandards of ethical cOndt arKI promoting best practices in journlSM. When eonsidering applKation5 fcr lundi4U il IiusteÈs Lwcentrak on the followng factors.. la} At &Xi5tsng levd5 of expenditure, tho nUMr of years, that reserves are Ixntined within ts applwt¥ balan sheetand the amowtlsl. ibl The aPK4iranVs prwall51 and the lonptsm prospeLts of5x2591udged by thg tru¥t Icl The dependW ofthoapk8nt upon arysingle source lindudg the Charity) offuture fvnding. Id) The u)sts of the athKanY5 rniDi5tration and fundraising ?nd whethEr L% prDporDonat {81 Th8 d&Jr8e Df transparency disd088d, in partsl?r. the extent ol rderdnt infvrmation disdo&ed by aFq)licant in its appeab and art£¢rftts rnatl. {ri Th? degree to whith the tru5tee5 have inlDmxd of PDgre5s made and the ¢kn0nstrae of ary ptsuS grArrtrn8de byth2 tntstses. Public Benefit Slatsm•rrt The actiwtses of IPRT, as set above, are for ts p"C ben8fiL The Tntg9s Ihat tlw have cornF4ied with their duty under s17151 of the Charitses Act 2011 to tta¥t du8 regarrl to the guhlaTh publtshed tho Charity Cornrnw¢n fvr England and W•le&
INDEPENDElff PRE&8 REGULATION TRUST TrUSTEES' REPORT FOR ThE YEAR ENDED 5 APRIL 2025 Achievements and Perforniancé Chaiitabl• Athties The Chai¥tytrustÈes athvety monilor the Bwditure of fvnds prowded by Ihe Clkrity to IMPRESS. TheTftKtees atsc a&¢vety encoutsge and support IMPRESS in dwdoping inikEatN6s to bB finaThdatry self4uffioent and sustsinable in orderthat IMPRESS may eontinue to evcfvekniih demand as a trY indeperthnt press wulator. Ouring ts year to 5 4Apn"12025 the Trust rticeNed dona15ons 01 £1,135.ts)0.00 1£1.23S,OCQ.Tr) in 20241 . Tha tsystees rnade ¢haritst4e dgnationslotalliw £l.OS5,C•JO.CO1£1,155,ow.rxJ wi 20241. There are no Materi p0SvE or n?gati factws bDth 4th1n and outside the Chaiitys control that have teen identifd by th& Charity truste25 durfng thts perioa. vthith have affectsd t athevement of the ChariV$ otierives and future r4an Flnanclal Revlew Re¥erves Policy It is the pdiw of the Charity trustees to have a reserve of fvnds to meet exp¢eby future e%•. The Truste8s rJJrrenfjy hdd a net reserve of £93,018.66 (£58,755.29 in 20241. Piinclpal Funding Sources The Ch relie$ 501eiy cn the donation5 it receNe Inve5tm•nt Policy and Obiecti¥e5 It i8 the pcfiw ol the Trustees to rai%e funts by ary lawful ffl¢8ns, exvpt for the engagement ol tradlng ty kn the purptsse of ra1r$ funds whith will be lie to gNe rise to a liabflty to incom2tsx The Tnssthill COnrtut0 operate sotely a5 a 9rant.mthng tharity.
INDEPEMDEtrIT PRe85 IIEQULAYIDN TRUST YRU8Teu' Rei)ORT FOR THE YEAR ENDED 5 PJ¥RL2025 We dedarelJ4t In ojrwoty as th•caritystrusi••' rd Vgmgr D•f• DrAlan H Vw18v lA1hQw1C
INDEPENDENT PRESS REGULATION TRUST INDEPENDENT AUDoRs REPORT FOR THE YEAR ENDED 5 APRIL 2025 OPINION We have audited the financ181 statement5 of Independent Press Regulation Trust for the year endelf 5 April 2025, which comprise the Stalernent of Finanoial Activities, Statement of FinanrA Postiion and notes to the financial statement& The financial reporting framework that been applied in Iheir preparabon is applicable law and Unit&J lfjngdom ACurtting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepUbC of Irdand (United Kingdom Generalty Awted Accounting Practice). In OLtr opinion the financial ststements.. GNe a true and fair view of the State of the charitls affair5 as al 5 ri1 2025 and of it8 inQ3mirKJ resources and application of resour. for the year then ended.. • Have been propety prepared in accordance Imlh United lfjngdom Gener3uYAccep Accounting Prar#ice: and . Have been prepared in aczordance wth the requirements ofthe Charities Act 2011. BASIS FOR OPINION We conducted our audit in accordance with Intemationai Standards on Auditing (UK) {ISA5 (UK)) and applicable law. OUT responsibilities under those standards are further described in the Auditorfs responsibilrlies for the audit of ttje financial stslements section of our report. We are independent of the ¢harty in accordance with the ethical requiremen15 that are relevant lo our audil of the financial statements in the UK including the FRC'S Ethical Standards. and the prowstons available for small entiti"e5. and we have fulfflled our other elhical rEspon5ibilities in accordan with these requirements. We beIve that the audit evideno we have obtsined is sufficient and appropriate lo provide a basis for our opinion. CONCLUSIONS RELAnNG TO GOING CONCERN In auditing the finan(aal staternents. we have conduded that the trustees. use of the going wrtem basis of fKeounling in the prepar3tion of the finanual ststemenls is approprkqt Based on the work have performed, we have not Identified any material uncettsintEs relating to everts or conditions tha( indNidua£y or collectyvety, may cast significant doubt Dn the charity's abilty to witinue as a going COnM for a period of at least ve monlhs from when the financial ststements are authorised for issu Our responsibilibes and the reSponbIlltieS of the trust WTth respect to going concem are desCr)ed in the relewanl sections of this reporL OTHER INFORMAlloN The trustees are responble for the other information. The other information Comprises the inf0mtIOn induded In the trustee5' annual report. other than the financial statemen15 and our auditr*s report ther80n. Our cpinion on the finanGd statements does not cover the t)ther information and, except to the extent OtherSe expfilidy ststed In our reporL we do not express any fomi of assura1e condusion thereon.
INDEPENDENT PRESS REGULAIION TRUST INDEPENDENT AUDrroRS REPORT FOR THE YEAR ENDED S APRIL 2025 In connection with our audit of the finanaal statements. our responsibilty is to read the other infomiton and, in doing so. consider whether the other information Is materially inconsistent with the financial statements or our knoYAedge obtained in the audit or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material misstements, we are required lo detennine whether there is a materi81 misstatement in the financial statements or a materiat misstatement of the other infomialion. If. based on the woth we have perfomied, nClude that there is a material mi5St8tement of thÉ5 Other Irbfomali¢Jn, we arè required to rwt that facL We have nothing to report in this regard. MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters in relation to vthith th? Charitses (Ants and Reports) Regulations 2008 Quire us tD report to you rf, in our opinion: • the infomiation given in thg financial statements is inf))nsi%lent in any material respect vrith the trustees. report,. or SLtffiaent accounting records have not been kept. or the financial statements are not in agreementwith the accounting records. or • VR have not recwd all the information and explanatiorts we require for our audiL RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees Annual ReporL the trustees are responsible for the preparation of the financial statements and for ensuring that they give a tfue and fair view, and for such intemJ control as the trustees detemiine 15 necessary to erthle the preparation of firlal statements that are free matsria misstatemenL whether due to fraud or error. In preparing the ffnanc>al statements. the trustees a responsible for assessing the charitys abilty to eontinue as a going concern. disckjsing, a5 applicable. matters related to going concem and using the gryng ¢oncem basis of acUnting Lmless the ttustees intend to cease operations, or have no realistic 8lleTnative but to do so. AUDITOR'S RESPONSIBIUTIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our obiectwes are to obtain Teasonable assurance about whether the financial statements as a whole are free from material misstaternenL whether due to fraud or error, and to Èssue an auditorfs report that includes our opinion. Reasonable assurance is a high level of a55urance, bul is not a guarantee that an audit conducted in accordance vith ISAS (UK) wll ahvays delect a material mi55tateTnent when it exi*s. Misstafrments can arise from fraud or error and are considered material if, indNidualty or in the aggregate. they could reasonabty be e>pected to influence ts economic deCiSiS of u$ers laken OTr the basi5 of these financial statements. Irregularities, including fraud, are instances of non-compliance with Lqws and regulatksns. The objectives ol our audit are to obtain suffiaent appropriate audit evidence regarding Complian Mth laws and regulations that have a direct effect on the deternination of matsrial amounts and disclosu5 in the finan¢i815tatements. to perfoffti audit prOdUreS to help identify instances of non<ompliance vrith other laws and regulations that may have a material effect on the finafic[ statements. and to respond 8ppropriatety lo identified or Suspected non- rxxnpliance wth Im and regulations Identified during the audit
INDEPENDENT PRESS REGUL4TION TRUST INDEPENDEKf AUDITORS REPORT FOR THE YEAR ENDED 5 APRIL 2026 In relation to fraud. the objectwes of our audit are to identsfy and assess the risk of material misstement of the ffrnG1al statements due to fraud. lo obtain sufficient appropriate audit evidence regarding the assessed risks of mrial misstatement due to fraud through designing and implementing appropiiate responses and lo respond appropriately to fraud or suspected fraud identified during the audiL However, it is the primary responsibilty of management, with the oversight of those Gharg8d vjith goveTnance. to ensure that the Charity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identrfyng and assessing risks of material mbsststemenl in respect of iffegulaiities, includin9 fraud. the audit engagement team: obtained an understanding of the nature of the environment, including the lega] and regulatory frarnework that the Charity operates in and how the Charty is complwng with the legal and regulatory framework, inquired of managemert and those charged with govemance, about their own identificatH)n and assessment of the risks of irreguL4tities. induding any known actual, $pected or alleged inslances ol fraud.. discussed mattets about n0n-CDrnpa¢e with lavts and regulations and how fraud might cmir induding assessment of how and where the financial statements may be suscepltsle to fraud As a result of these procedures we consider the most significaftt laws and ragulatitsns that h8ve a direct impad on the finan[ statements are the Chariltes AGt 2011 and regulations made under them and FRS 102, the Inancial Rep¢)rting Standard applicable in the UK and Republic of Ireland. We performed audit procedures lo review the financial statements for compliance with the relevant legislation. A further description of our responsibilities for the audit of the finanal sL*ments is Ict8ted on the FinancHI Reporting Councifs website at: WVAV.froorg.uklauditoYsresponsibilrbes. This descripb.on fom part of our auditorf$ reporL USE OF AUDIT REPORT This report is made solely to the charitys trustees, as a boty, in awordance with section 144 of the chIdeS Act 2011 and regulab.ons made under section 154 of that ACL Our audit work has been undertaken so that we nught state to the chari¥s trustees those matters we are Tequireil lo stste to thn in an auditorfs report ar for no other purpos& To the fullest exient pern)itted by law, we do not apt or assume responsibility lo anyone other than the charity and the tharity's trustees as a body. for our audit work. for this report. or for the opinions we have formed. BURGESS HODGSON AUDIT LIMITED Chartered Accountants & StalutoryAudTtor Camburgh House 27 New Dover Road Canterbury Kenl CT13DN Burgess Hcdgson Audit Limited is eligible for apwntment 85 auditor of the charity by rtue of its eligibility for appointment as auditor of a company under section 1212 of the Ccfflpanies Act 2006.
INDEPENOEKf PRESS REGULATION TRUST STATEPIENT OF FINANCIAL AcTrlEs FOR ThE YEAR ENDED 5 APRIL 2025 Unr•strict•d Unr•strlet•d Fund• Funds 2025 2024 Notes Incomlng mourc Incoming rnsour¢e8 from genorated fund8 - Investment InC<e 22,255.49 7,392.53 Donal10 Recelved 1.135,000.IXI 1.235.000.(KI Totsl In¢omlng resourees 1.157,255.49 1,242.W2.53 R•sourc•• Exp•nd•d Charhabie actlvlUe8 1.055,000.00 67,992.12 1,155,000.00 86,012.42 92 Totsl rn8ource• expendod 1.122.9¥2.12 1,241,012.42 Not moYem•nt In funds 34,26137 1,380.11 Total fund9 br0ug1rtford 5Q755.29 57,375.18 Totsl funds ¢arrfed forw•rd 93,018.68 58,755.29 Please note that thoro are no R•strfetsd or Endowment Fund• -11>
INDEPENDEKf PRESS REGUL4TION TRUST 8ALANCE SHEET AS AT 5 APRIL 2025 Unrestrfct¢d Unrestrtct•d' Fund¥ Fund& Flx•d ass•ts Curr•nt aslets Cash at bank 599,723.66 539.044.41 Debtors.. amounts falling due within one year &2 595,000.00 Tot41 ¢uff•nt •ss•ts 599.723.e6 1.134,044.41 Crndltorn: amounts f•Ulng du• withln one yoar 8.705.00 575.289.11 Oth•r ¢rodlltsYs 500,000.00 500,(K)O.00 Not cuff•nt asMtsI (Il•bllltl•s) 93.018.86 58,755.29 Unrgstrlct•d Funds (Page 9) 93 018.66 58 755.29 These tInanat statements vKre approved by the txwd oftrustees and authorB•J for issue on and slgm on behalf o Z> Edward Vemor-Afjl&s DrAl8n Hlrnt Vomlav Mih8 -11-
INDEPENDENTPRES8 REOULATION TRUST STATEMEP4T OF CASH FLIMS FOR THE YEARENOED SAPRIL 2025 Fvnd¥ FuTrd¥ Net rnovement tn fundB 34263.37 1,300.11 knv•sMt incomg Don•tion$ rethved Ilncre#eydecr••8e in dthors (2125&491 11.135,000.00) 595,OLIIOO (568.584.121 ,39Z531 {1,235.000.001 1595,OC#).001 467.46112 &1 1.096.576.24 sh flows fmm In¥•¥iing 1111. 22,255.49 1,135.COJ.OD 7.392 1,TJS,COJ.I Dorotions reEe &1 1,157.255.49 1242,392.53 Change in cuh •nd equlyalents In1he rtportkno pwt•d 80.eT9.2S {128.157.rn RoconcWlatioTr of netush flfMT ¢•$h and cash equivalents as at 6 Aprrf 2024 Chan40 in c•gh cash 4urAent% in thè reportlrvJ Fwlod 639,044AI 60.679.25 66&202.18 1126.157.Tn Ca•h Ind ¢•8h •qutrMt•nts •t$ Aprfl 2WS 599.T23.66 539,lJ44.41 An11• ofctsh and C•sh Equlvthnts: Cash atbank Notityj deposit11kns¥ than 3 nKnth#l 599,723.ee 539.044.41 Tat•l ¢•sh Cash •qulv•lwts a ats Aprfl 20ZS 539.014.41 -12.
INDEPEMDENT PRESS REGULAnoN TRUST NOTES TO THE ACCOUlll5 FOR TMEYÉAR ENDED S APRIL 2025 General infLYrntson The tharity is a PLtsFc benefit entity and regwtsreA Charity in Etyar and Was d Is a(SJre¥s ofthe neApal offirE1s g New Square. Lincolns Inn, Londun, WC2A 3QN. Ba51$ of PrepHtatfjon The accounts ffinancial tementsi hav¢ PryaTed under the hi5fgri•l c05t fonvenbon wth ilem5 rpcDgnsEd at CQ51 or trdrtsa(on unte55 otherwk88 Stated in the r¢knnt notelsl to these account& The fmanoal ststemems ha been prepared in 8¢£uaNce Mlh sfaternent of ReconThended Pra¢b". AcKountg 8Th1 Reporting by Charlies prepartiw 8Kounts in accordanc tt)8 Flnanti Repo9 Slandprd aPplib In th UK and Republi¢ ol Iteland (FRS 102) U¢d n 16 JLrfy 2014 the FinBnaal Reputsng Standarf aFpllcat4e in the Lknited 8nd of IreLgnd IFRS 102) and the CMarrfts85 ALI 2011. Cha einB fAc Thè accourrts have been prep8rJ cn an acuuds basis. Ch3 un No thanges have been mad6 tothe prJS yo5 acewnt& Accounting PobGies Incomlng resourc88are in&ed th th8 slat1 olHttarKlglAd IWAI 8n.' . th¢ charity becomesentstled to tha resour.. - the Trustees are rtuallY rtain theyill receiveth• resources., and -the rl1aryVèIue be rnea5ured Sulfrt rdithbty. &2 whe incomirNJ 80r have related eynditure. tIT• ItKomthg rnsour and related expenditvre are reported groB5 In the SOF &3 Grants ahd don4tions ère only indudBd the SoFAkn fv tharty h•5 urKotsJn antttthThntto re)urc48. 8bilTri s a recognised 85 soun as a IBgal orconstsuctlve ot4vJalion the chwityto pay out resoiiTQS. Govtrman G05ts indude the cost of the prqjaration and examinatlin of slatutttry 4t¢ounts. cast ofTru%l88 methJvJ8 and ¢>xt of any leg81 tothe tDJste25 on gDvErnan¢e or Constitutson mattars. Grants psyaNe are payments made to third pwties in the furttteraTrce of the ebiecb of Ihe Charity. The grnnts are È¢¢tyrrted r ¥there either the TtY5tee5 have a9 to pay the grant b¥lthoui conrfcffl and tha reL¥pent has 8 ep4>•clation thatthey WAI re¢8N8 the grahL orany wndd(an attathing ts thè gyant is outsidethe corrtrol ofthe trusL &7 8finanar statem8nts are prepared In $terlkng. whlL Ls Iheluncuond uJir8ncy of the enw. Th* prepamon of the finanryal ststern8nts iequires man8g¢rnenl lo make judgernents. estimate5 ••d assump¥gn$ thataffect the amount reported. Ac¢)untiny tystimates and assumptk?ns are made NC$m1n9 th¢ fvlure and. by thr nalure. rarety eqval th2 rekled actual outcome. These estirnate5 andjud9ements arE wtinuatty rEviewed and are based ort exptitnce and other farters. includsn9 expecta&ons of fubjre events that are bdl8ved to be reasonable underthe armStr
INDEPENDENT PRESS REGULAnoN TRiIST NOTES TO AccauNT8 FOR Theyeffi ENDED SAPRIL 2425 O•btors and ¢redRors no Stthd Ini¥4st rniE Ind r•brO Qr p•y•ble wllhffj w swwe m¢wded attrwadlon pth Any losxs •ri$irvA from hTwalnn•nt8r• recognivd in fv profft and Iw acceuntln +21h8radminthtwe expEn¥e LWLS boTrNing5 arE in•1Y reoogrtd It tr4•$1#ityi prrA indurfing IransKkn c1$ Subwlwnty. th•y •rn M&Ured at amorused ¢ost u•iw theffe¢th tri•r• rai• ffthod. l•ss knpalrrnent If•n 0TharthJ•rn•ut afiMn< trans80 h ki meisurad st prnsent ¥d¥e. X25 C Hoare & Co. Cuyrènt*£count C Hoare &Co. Ft¥•$T¢rn Dwlt Hunte75 CIMt Accourt 88.497.95 SO9.539 34A50.19 ,o(xJ.00 4,494.22 599 72&e8 D•btWs: kniounty FaWn9 Du•Wlthln On•Y 2024 Th•AhxwvJerMc4kny ChaTitILl•Try5t 595 OW.00 Cndttorn: Amounkn 1108 Dwwlthln anfrY•r 202$ &19&00 17.105.12 Audftors F J.SiO.LYJ 11e8.00 Grants 55&1KX).( LW.00 -1
INDEPENDENT PRESS REGULAnoN TRUST NOTES TO THE ACCI)Ul¥fS FOR THEYEAR ENDED SAPRIL 2025 Trustee és or has been enthr to anylee orsaLqry. No Truste8 has been re¥nknedl¢r any Ird outet¢¥S (ZQZ4. TrWL Therew%re no transactions %th Trusiees (connedtsJ Fer50n$12024- NIL?. WIKr>J Vwnor-Mik5 15 a Tnjstee ofthe Tt and 90 8 Partw of HuntW5 SolotLY& PrO)n ¥ude in the Kwuntsf Hunters to recefv8 fees of £52,847 plus VAT 12024 - £Sg,57T plus VATI tr k9al. seeretsrfal and admink8tralK>n ser¥ke8 0thgugh WiWrTO Vernor-Ml&s does nc chargeforanyof h18time spent Sn conn&ctPJn withthe adm1non ofTTu5L 2076 2024 Itwestnnt Income - Interest on Bank DeposRs 22.2$5.49 7,3923 FLmd8 2025 2024 The Nexandermosley ChaTitat4e Trust 1.135.OOJ.00 1.235.OCK).I 1 135 01)IDO 1.ZJ5.0Tr).00 5thStricted Unrnstrlcted Funds FurK15 2D25 ClrIe Acti¥ibe¥ PRESS 2 GO¥eMan ¢05ts 2025 Auditors Fee5 2025 3.510.CIJ 41L Legal Seryetarial and AdrTrini5ts¥bon Fees 2025 6141&40 s2,40 Bank Ch•r 511.70 421.10 R¢knburs•Thntoltro¥ &pnso& 112.Y2 67 592.12 86 012.42 ThEAuditaYs Fees of £3,510 canw5t ofthefee thaTg¢d forth¢ yw12D24-£3.1a6) akng with no 4Utsn¢rt in rolab.on toth overlunderprow5iun forthe premous ar. TheToJst employed no staff thjring the yearended SAw12tr25 P024- none).