INDEPENDENT PRESS REGULATION TRUST
ACCOU1￿3
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
Statan￿t 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 P￿urne 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 eT￿ble 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 p￿veTrtion 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 J￿e %)24J
Vojbl•vMihai1￿TC 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$tse•
Trust￿ are app￿ntstt for a perlod ofthrev years by a rttdution of the Tnk8tees. Trustee5 may be ￿appoInt£d
at the end of their first and se¢ond teTrns office.11 a TNstee is to be appon*ed to replace a Tr￿￿te* vtho Is IEaN
olllee helsh8 may b¢ 8pwinted not MO￿ than th￿e months before the other TNstee Jeaves offi￿, but wdl r¥)t
tske offic8 unill tha othw Trus￿ has IdL A Tnjstse ¢annotYot8 In favourofhlsthers T04ppoinlTr*rt
On appoinlmenL new TNstse¥ we Ir￿lI¢d to an induction meetiryj where they are irrtroduced ID thg backgr
work of the Charty. its governiny d0￿ment and eperab.onal fr&ne•+nrL Tnjstees a￿ pfovwJwJ wth 11
rdevant information and ￿0￿mentatiOn tts fami￿•￿$t themselve5 vthh, ￿￿U￿1n9 the Charty Corrnntsson's
Guidan￿ and PB2'. Tr Essential Trustee.. What You Need to Know arnl'PuWic Be[￿ running a thariv,
overing th￿r legal responpthlvaes. financial Manag￿￿rt 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 ctha￿ty. and rneet on a Ix-annual b8*5 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 fUrK￿raISi￿ Orp1￿1￿ and r￿￿$ so* on donation5 it reLYNeS.
Rolated PartiBS
The chatlty has nD 5utsthnes and 1$ not conneL18d ￿ ￿Y Ollw ornot fot wofft ￿k￿lo¢L
Rlsk PoliGy
The Trustee5 ale r85ponsiNe for identifwng and man￿lVj 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 m￿gats these ii5k&

INOEPENDEfrif PRESS REGULATIOM TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED S APRIL 2025
tlves and Aetlvitles lorthe P bli¢ 8*n¢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 es1ab1￿hmen¢ 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 ￿ry￿￿o￿ 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 v￿mUnty interest cryry ancl Irthwdent press
regulator, with Royal Cfiarter status. tMPRESS was est*4$Sh￿ in 2015 lo promote the integrity aTrl freedofft of
the P￿$, 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
regI￿atOr. in line wth Ihe recomrnendations sei out in Ihe Leyeson ReporL ThKs fvndIr￿ arrangeTnent sutyectto
strict scnJtiny by Ihe Chwier body and Th¢ Pre55 RegI￿ation Panel. In add￿On. 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¥q￿Satio￿ It i8 not involvèj in fundraisiThJ
at presenL The Charivs govemirwa docum&rt p￿￿deS that The inGoflle. at Éwslee* dtscrEbon Ihe
trapi.tal of Ihe TruslFundshallbe appfjedin furthering the otye￿.
Thè PDJicy of the Ch8rity's trustees i8 th￿ef￿e to concentrats organi5ati¢ns ¥Yhith gre (Ammitted to
fostering integrity. aCt£¢untthlty, and eKe1k[￿ by uphoJdiNJ the highest Siandards of ethical cOnd￿t arKI
promoting best practices in journ￿lSM. When eonsidering applKation5 fcr lundi4U il* IiusteÈs Lwcentrak on the
followng factors..
la} At &Xi5tsng levd5 of expenditure, tho nUM￿r of years, that reserves are Ixntined within ts applwt¥
balan￿ sheetand the amowtlsl.
ibl The aPK4iranVs prwall51 and the lonptsm prospeLts of5￿x2591udged by thg tru¥t
Icl The dependW￿ ofthoap￿k8nt upon arysingle source lindud￿g 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 parts￿l?r. the extent ol rderdnt infvrmation disdo&ed by
aFq)licant in its appeab and art£¢rftts rnat￿l￿.
{ri Th? degree to whith the tru5tee5 have inlDmxd of PDgre5s made and the ¢kn0nstra￿e of
ary p￿tsuS grArrtrn8de byth2 tntstses.
Public Benefit Slatsm•rrt
The actiwtses of IPRT, as set above, are for ts p￿￿"C ben8fiL The Tn*tg9s 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 tr￿Y 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￿ p0S￿vE or n?gati￿ factws bDth *4th1n and outside the Chaiitys control that have teen
identif￿d by th& Charity truste25 durfng thts perioa. vthith have affectsd t￿ athevement of the ChariV$
otier*ives 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 ra￿1r$ funds whith will be li￿e to gNe rise to a liabflty to incom2tsx
The Tnssthill COn￿rtu￿t0 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•c*aritystrusi••*'
rd Vgmgr
D•f•
DrAlan H
Vw1￿8v lA1h￿Qw1C

INDEPENDENT PRESS REGULATION TRUST
INDEPENDENT AUD￿oRs 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 AC￿urtting Standards including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and RepUb￿C 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 beI￿ve 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 COn￿M for a period of at least ￿ve monlhs from when the financial ststements are authorised for
issu
Our responsibilibes and the reSpon￿bIlltieS of the trust￿ WTth respect to going concem are desCr￿)ed in the
relewanl sections of this reporL
OTHER INFORMAlloN
The trustees are respon￿ble for the other information. The other information Comprises the inf0m￿tIOn 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 Other￿Se
expfilidy ststed In our reporL we do not express any fomi of assura1￿e 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 infomi*ton 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 misst*ements, 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 (A￿nts 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 fir￿l￿al 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 ac￿Unting 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 deCiSi￿S 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 disclosu￿5 in the finan¢i815tatements. to
perfoffti audit prO￿dUreS 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 misst*ement of the
ffr￿nG1al statements due to fraud. lo obtain sufficient appropriate audit evidence regarding the assessed risks of
m*rial 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, $￿pected or alleged inslances ol
fraud..
discussed mattets about n0n-CDrnp￿a￿¢e with lavts and regulations and how fraud might cmir induding
assessment of how and where the financial statements may be suscepltsle to fraud
As a result of these procedures we consider the most significaftt laws and ragulatitsns that h8ve a direct impad
on the finan￿￿[ statements are the Chariltes AGt 2011 and regulations made under them and FRS 102, the
Inancial Rep¢)rting Standard applicable in the UK and Republic of Ireland. We performed audit procedures lo
review the financial statements for compliance with the relevant legislation.
A further description of our responsibilities for the audit of the finan￿al sL*ments is Ict8ted on the FinancHI
Reporting Councifs website at: WVAV.froorg.uklauditoYsresponsibilrbes. This descripb.on fom￿ part of our
auditorf$ reporL
USE OF AUDIT REPORT
This report is made solely to the charitys trustees, as a boty, in awordance with section 144 of the ch￿IdeS
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 th￿n in an auditorfs report ar￿ for
no other purpos& To the fullest exient pern)itted by law, we do not a￿pt 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 AcTr￿lEs
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 br0ug1rtfo￿rd
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 tInan￿at 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 ￿1￿111￿.
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
An1￿1• 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 Ety￿ar￿ and Wa*s *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¢£u￿aNce Mlh sfaternent of ReconThended Pra¢b￿". AcKount￿g 8Th1 Reporting by Charlies prepartiw
8Kounts in accordanc* tt)8 Flnanti￿ Repo￿￿9 Slandprd aPpli￿b￿ 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 prep8r*J cn an acuuds basis.
Ch3
un
No thanges have been mad6 tothe pr￿JS yo￿5 acewnt&
Accounting PobGies
Incomlng resourc88are in&￿ed th th8 slat￿￿1 olHttarKlglAd￿ IWAI **8n.'
. th¢ charity becomesentstled to tha resour￿..
- the Trustees are ￿rtuallY ￿rtain they*ill receiveth• resources., and
-the rl￿￿￿1aryVèIue be rnea5ured Sulf￿rt rdithbty.
&2
whe￿ incomirNJ ￿80￿r￿ 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 urKotsJ￿n￿ 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 颢tyrrted
r ¥there either the TtY5tee5 have a9￿ to pay the grant b¥lthoui conrf￿cffl 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
￿8finan￿ar 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 th￿r 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 ar￿mStr￿

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 s*wwe 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 reoogrt￿d It tr4•$1#ityi prrA indurfing IransKkn c￿1$ Subwlwnty. th•y •rn
M&￿Ured at amorused ¢ost u•iw th*effe¢th* tri•r•* rai• ffthod. l•ss knpalrrnent If•n 0TharthJ•rn•ut￿ afiMn<
trans8￿0￿ h ki meisurad st prnsent ¥d¥e.
X25
C Hoare & Co. Cuyrènt*£count
C Hoare &Co. Ft¥•$T¢rn Dwlt
Hunte75 CIMt Accourt
88.497.95
SO9.5￿39
34A50.19
,o(xJ.00
4,494.22
599 72&e8
D•btWs: kniounty FaWn9 Du•Wlthln On•Y
2024
Th•AhxwvJerMc4kny ChaTitILl•Try5t
595 OW.00
Cndttorn: Amounkn ￿1108 Dwwlthln anfrY•r
202$
&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 Ir*d out*￿et¢￿¥S (ZQZ4. TrWL
Therew%re no transactions %th Trusiees (*connedtsJ Fer50n$12024- NIL?.
WIKr>J Vwnor-Mik5 15 a Tnjstee ofthe T￿￿t 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 adm1n￿￿on ofTTu5L
2076
2024
Itwestn*nt Income
- Interest on Bank DeposRs
22.2$5.49
7,392￿3
FLmd8
2025
2024
The Nexandermosley ChaTitat4e Trust
1.135.OOJ.00
1.235.OCK).I
1 135 01)IDO
1.ZJ5.0Tr).00
5th￿Stricted Unrnstrlcted
Funds
FurK15
2D25
Cl￿rI￿￿e Acti¥ibe¥
PRESS
2 GO¥eMan￿ ¢05ts
2025
Auditors Fee5 2025
3.510.CIJ
41*L
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 4￿U￿tsn¢rt in rolab.on toth
overlunderprow5iun forthe premous ￿ar.
TheToJst employed no staff thjring the yearended SAw12tr25 P024- none).