REGISTERED COMPANY NUMBER: CE010045 (England and Wales) REGISTERED CHARITY NUMBER: 1172563 Report of th8 Trustse8 and Unaudlted FlnAnclal ststements for the Year Ended 31 Octobei 2025 Readlng Culture CIO Blenheim Advisory Lwnite(I Chartered Certifth Accountanls 3 Feast Field Horsftrth Leeds West Yorkshire LS18 4TJ Reading Cufture CIO Contents of the Flnan¢lal Statements for the Year Ended 31 Octobor 2025 Report of the Trusl¢es 1 tr) 3 Independent Examlnerf• Report Statsmont ol Flnanclal Actlvltl Balance Shoot 6 to 7 Notej to th• Flnancl•l 8lat•monts 8 to 10 Detalled 8tstement of Flnanclal AGtlvltle8 11 Readlng Culture CIO Report of the Twustses for the Year Ended 31 O¢tober 2026 The trustees are also diiectors of the charity for the purp(6es of the Conwanies Act 2006. presenl their re￿rt wilh the fmncial slalenEnls of the tharity for the ye* ended 31 October 2025. The Iruslees have adopted the provisions of Acc￿nting and Rewxting by Charities.. Statement of Recommended Pra¢tke appl￿ble lo charities weparing their accounts in accordance with the Flnanc4al Re￿)rt￿l9 Standard applicable In the UK and Republ￿ of Ireland (FRS 1021 {effeclive 1 January 20191. OBJECTIVES AND ACnVITIES Obledbve8 and alms The objectsves of the CIO 8Te to advance oducation and to th8 arts and culture for the publ benefit in Bradl￿d, Wesl Yorkshir6 and the surrwnding areas ty promoting and provlng opportunitie8 {Ihrough ev8nl$ and activilie$l for the applw1K￿, understanding and en￿)yM￿l of Ihe arts of lileralure. language and the spoken word. Publlc beneflt The CIO is focused on the devebpmenl of Iltew eduCalk￿ and access lo the arts and culture, wlth parti¢ular focus on the most SoCiQ-e¢onom￿ty dtsadvanlaged members of sodety. The publlc benefit of literacy education aTrJ access lo th8 arts ond cullure is wellryevldenced, inwrporaung both difect a 1nter4ener0tlon￿ ath'vltss, increasing ed￿tional ach¢evemenl. Incle￿ng loveb of a8pir8lkJn and 8o¢lal mobility, rnentsl well-belng ￿ incroa¥ng CIV￿ engagement. Tho trustees have conwI￿d with their duty urwjer the Charities Act 20.1110 have due regard8 to publlc benefit guidan￿ published by the Charity Commission for England arKI Wa￿. FINANCIAL REVIEW Flnanclal po8ltlon There was mlnimal adivlty by the charity in 2025. The CIO received £54k In donallon8 ttwt Wa8 ynt on artistic and marketing Costs for the BTadlNd Literature FestiV81. The Tru81ee8 will review how best the thartty fu￿11 its oty'ectiV8S through developlrKJ fijIu￿ fvndlng relationships who share our aMINI￿nS to Iransfom people's lives through a￿sS lo literature and associated arts and culture. Re8orves pollcy Tho Reserves Poll¢y. set by trustees. is that Ihe unrestricted fvnd8 not commStted or Invested In tangtrjle ffixed a5S8ls hetd by Ihe charity shwld be 3 monlhs of annual expenditu￿. We will work over a 3-$ year pwiod to eslablish $uth re8eryes to reath thi5 target w￿11 raviaw the reseNeS P)Ilcy and target figure on a regular ba81s. Rlsk Managemont A risk register has ken 68tsbkshed ar￿ is upxlaled al least annually. ￿ere appToprlate. systems or wocedures have been eSta￿lsh¢d to mithjate th6 rigk Ihat the chatity faces, wheth8r internally and extemally. PaJ0 1 Roadlng Culturn CIO Report of the Tfustses for the Year Ended 31 October 2025 FUTURE PLANS Our 8im 1$ to deliver outstanding projects whi¢h widen arLess to and appreciation of world-class literature a￿1 which use literacy end cullural educalK>n as catalysts foT soci81 change, ¢Jissemin8ting besl-practice. Our plans are lo work wilh Cutture Squared CIC as a partner in the delivery of Bradford Llleralure Festival, developing and delbvering k)rKJer-lem C￿N#￿UnitY engagement, education and other speoal projects which meet our charitat￿e objectives. STRUCTURE, GOVERNANCE AND MANAGEMENT 13overning document The charity is cOntrol￿d by ils goveming d0￿Ment, a deed of trust, and ¢onslitutes a limlled company, limited by gu￿antee, as defined by the Compantes Act 21))6. Organlsatlonal Structuro As a foundation m)n8tilution) have to be made by those itKlfvidual8 aciing as men*Jers ratl*r than a5 tnjslees. There must be at least Ihree Trustee8. If the nunthr falls beknv this minlmum. the remainlng Trustee or Trustees may ad only to call a meeting of the Trustees or appolnl a new Truslee. There Is no maximum number of Trustees Ihal may be appoinled lo the CIO. the resigna*on of a IfUSte8 at the end of Ihe year. the duty of the remalning is lo rKruit at bast olhei truslee b&foTe further Iwsiness can be enacted. Rolated partle• Culture Squared C.l.C REFERENCE AND ADVdNISTRATIVE DEfAIL8 Reglstered Company number CE010045 (England and Wales) Reglstered Charlty numbor 1172583 Regl¥terèd offlce DO.08 Horton Building University Of Bradford RichrrKJnd Road Bradford BD7 10P Truslees W R Lawrence J ShuTin Page 2 Readlng Culture CIO Report of the Trustees for the Year Ended 31 October 2026 REFERENCE AND ADMINISThATIVE DETAILS Independ¢nt Examlnef Blenheim Advisory Limited Chartered Certrfled Accountants 3 Feast Fietd Horsforth Leeds Wesl Yorkshire LS184TJ Approved by order of the bowd of truste89 on ....... ................. .. and slgned on its behalf W R Lawrence- Trustee Page 3 Indepgndent Examinee8 Report to the Tntstees of Readlng Culture CIO Independent examlnerfs report to the trustees ol Roadlng Culture CIO Ilhe Company'l I feport to the charity trustee5 on my examA￿t￿n of the ￿nts of the Conyny for th8 year ended 31 October 2025. Responslbllltles and ba813 (rf report As the charity's Iruslees of Ihe Company (and aso it8 dire(tss for the purwses of company law) you are resF))nwble lor the preparation of th8 *counts Ni aC(than￿ witti the reqUireff￿ts of the Companies Act llhe 2006 Acl'l. Having satisfied myself that the accounts of the Company are not requiTe(I to be audited under Part 16 of the 2006 Act and are eligible for Independent examinat￿. I iewt in respect of my examinallon of your charity's accounls as c3rr4ed out under Section 145 01 the Charlties Act 2011 I'lhe 2011 Act'l. In carrylfig out my examination I have followed the Directions given by the Charty Comm15slon under Seclion 145151 Ibl of Ihe 2011 Act. Indfrpondent examlnerfs Stsloment I have compleled my examinalion. l (xinfirm that no mattffis have com to rny attenllon In Connectl wlth Ihe examination giving ￿ cause to beliave.. ac￿UntIng re¢ords were not kept In respect of th& as requlred by SeGtlon 386 01 tha 2006 Act; or the a¢counls th) not accor<1 wdh those re￿[d6', Of the accoun18 do ¢omply with the acLounling reqUIren￿nts ol Section 396 of the 2006 Act other than any requlrement th81 the aeLounls give a true and falT vlew whkh Is not 8 matter considered as part of an indeFendent examlnalion.. cf the aceounls have not been prepared wi accord8nce with tho m8thod$ ar)d prin¢lples of tho Statement of Recommended Praclke for a¢counling and reporting by charitie8 lappllcable lo charities preparing their accounts in accordan¢e with thg Finan¢tal Raportlng Standard appllcable in the UK and RepublK of IrelarKI IFRS 102})- I have no ¢onceTns and ¢om8 8cross no other matterJ in cX)nneCt￿rt wlth the exarnlnall￿ Io which attention should be drawn In this report in order to enabla a woper understanding of the acc(￿nts lo be reactsd. M Arshad 818nheTrm Advisory Limited Chartered Certrf*d Accountsnts 3 Feast Fietd Horsf<)rth Leeds W8sI Yoikshire LS18 4TJ Date.. .j.S Page 4 Readlng Culture CIO ststement of Flnan¢lal Actfvitles for the Year Ended 31 O¢tober 2025 2026 Unrestrkted funds Totsl fund8 2024 INCOME AND ENDOWMENT8 FROM Donatsons and legacies 117.593 EXPENDITURE ON Raising funds 60 Charltable actlvftlol General 54,050 117,533 Total 54,050 117,593 NET INCOME RECONCILIATION OF FUNDS To181 funds brought forward TOTAL FUNDS CARRED FORWARD The notes form part ofthese finarKial statements Page 5 Readlng Cultur• CIO Balan¢0 Sheet 31 October 2025 2026 Unrestricted fund8 Totsl funds 2024 CURRENT ASSETS Debtor5 Cash at bank 50,000 3.665 43 43 53.865 CREDITORS Amounts falllng due withkn one year (43) (53,6651 NET CURRENT A88ETS TOTAL ASSETS L&8S CURRENT UABILITIES NET ASSET81{LIA81LITIES) FUNDS TOTAL FUNDS Tho charllable company is ent411ed lo exenwlknn from wlit under Secllon 477 of the Conpan686 Act 2006 for the year ended 31 October 2025. The memb•rs have not required the company to otA8in an audit of its financi81 stslemgnls for the year endfjd 31 October 2025 In 8¢cordance w￿h Section 476 of the Compani98 Act 2Cth. The tru$lee$ acknowledge thew ￿¥￿SIbIlit￿ la) ensuring Ihal the charitable company keep8 aco)unting rec￿dS that coffyty Sectkjns 386 and 387 of the Companies Acl 2(N)6 arKI Ibl preparing finan¢181 81alemenls whtch gtve a true and fsir view of the stale of affalrs of the chafilable company as at the erKI of each financial ye8r and of its SLtrF4us or deficlt for each finanad year in accordance with Ihe requiren*nl$ of Sections 394 and 395 and whith otherwise compty wlh the requirements of the Crnte5 kt 2006 relating lo finan¢ial 8tatem8nts, so far as applicatAg to the charit8blg conN)any. The nc*es form part oflhese ffina￿l statements continued... Readlng Culture CIO Balance Sheet- contlnued 31 October 2025 These financid statements have prepared in &cordanc8 wrlh Iha provisK>ns applicabl8 to charitable companies subject to the Sr￿11 Compan￿ reglme. The financlal stalwnenls were appTh&J by the Board of Trustees and authoris￿ for issu8 on and were svjned on its behalf by.. W R Lawrence- Trustee The notes form part ofthose financaal stalen￿tS R￿dIng Culture CIO Note8 to the Flnanclal Ststsments for the Year Ended 31 October 2025 ACCOUNTING POUCIES Ba818 of preparlng the Ilnanclal statements The financial state￿nIS of the charitable company. whith is a public benefft entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounts'ng and Reporting by Chafilies.. Slalement of Recornrwded Prath'cA8 ap￿ICable lo charit￿S preportng their accounts in aeLordanc8 Wrth the Financial Reporting Stsnd8rd applicab￿ in Ihe UK and Republi¢ of Ireland IFRS 1021 (effeciive 1 January 2019),. Financial Reporting Standard 102 'Thè Financial Re￿rtInY Standard apph"cable in the UK and Republic of Ireland. and the Companles Acl 2006. Th8 finandal Statements have been prepared under th8 hl8torical cost convenllon. Income All income Is recwni8ed in the SlateThnt ol Flnan¢L81 Actmlies onc* th8 charlty has enllllemenl lo the funds, it h probable that the Ineomo will be received 8nd tl* amount can bo me8$ured reliab￿. Expèndlture Liabllllie8 are recogni8ed 98 eXp￿dIture a$ SO(￿ a8 there Is 8 kgal or Con6truct￿O obllgalion commming the charity lo that expenditure. il is wowe Ihal a transfer of e¢onomic bonefils wlll required in settlement and the aff￿nI of lh8 cbligallcm) can be ￿aSure￿ reliably. Expenditure Is accounted for on an aC￿UalS basis and has b8en d8ssifigd under headings Ihat aggregale 811 cost related to the category. w￿re ￿SIS cannot btr diiactly attributed to partlcular headings Ihey have been alb¢aled to activitles on a ba￿$ con￿Stent wNh tho usa of rwaource8. rttxatlon The charity18 0x¢mpt from ¢wration taK on ￿8 Charitab￿ xtiwtw. Fund ao¢ountlng Unrestricted lunds can bg used In acurdance wlth th& dIaritab￿ objectiV88 at the dlscreth)n of the trustees. Re8lrtcte(I funds rAn (Mly be used for partK#JLqr Testrthd purpose8 Within the okle¢ts of the charity. R8slrfclion8 ari80 when spe￿r￿d by the d¢)nor or when funds ar& r8lsed for partiCU￿r restricted purpose8. Further explanallon of tt18 nature and purpose of eath fund is in¢luded in the notes lo the finandal statements. Page 8 continwl... Readlng Culture CIO Notes to the Flnanclal StateM￿- conllnued for the Year Ended 31 October 2026 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. renwneration w cllw l￿fits for the year ended 31 October 2025 for the year 8nded 31 October 2024. Truste&S' oxp•n$88 There were no INstees' oxpenses paid for the year eryjed 31 iknber 2025 nor for tho year ended 31 October 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted funds INCOME AND ENDOWMENTS FROIA Donalions andlegacies 117,593 EXPENDITURE ON Ralslng funds 80 Charltsble •¢tlvftle8 Genoral 117,533 Totsi 117,593 NET INCOME TOTAL FUNDS CARRIED FORWARD DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors 50,000 Page 9 continued... Readlng Culture CIO Notss lo lh¢ Flnanclal Statements-¢(￿11￿ued for the Year Ended 31 October 2025 CREDITORS: AMOUNT8 FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors 53.665 MOVEMENT IN FUNDS Net mov•mont In funds At 31110126 At 1111124 TOTAL FUNDS Net m0Veff￿nI In funds, NIC￿d￿ In the above are a8 fcknv5'. In¢omlng Ro8ource• Movemont resources expondod In lunds Unrostrlctèd fund• Genoral lund 54,050 (54,050) TOTAL FUND8 54,050 {54,050) RELATED PARTY 01gCLOSURES Durlng the year, Ihe CIO r￿1Ved a thThllon from Culluro Squared C.l.C of £35,950 {2024 £5,593). Page 10 Readlng Culture CIO O•tsll•d Stsl¢mènt of Flnan¢lal A¢tlvltles forthe Year Ended 31 October 2026 2025 2024 INCOME AND END0WMETr￿s Donations and leg•¢le• Donations 54,050 117.593 Total Incomlng r•sou￿•S 54,050 117,593 EXPENDITURE Ra181ng donatlon8 and legacle8 Fundralslng costs Charftable actlvltl8• Artistic lees 59.713 8upport ¢o$ts Management Advertl$ing 53,390 56,855 Governance cojts Other Off￿ COBt8 Total resources expended 54,050 117,593 Not Income Thls page does not fom part of the stattrtory fm8n(#al stalements Page11