REGISTERED CHARITI, Nu,lBER. 1174697 rt of the Trustees and Unaudited Financial Statements for the l'ear Ended 31 Mai, 2024 for Ellzabeth Nlontauu Corre$ )ondence Online Peter Upton Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 IRR
Elizabeth Nlonta¢tu Corre$ ondence Online Contents of the Financial Statements for the Year Ended 31 Mai. 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnanei&l ACtItIeS Balance Sheet Notes to the Flnanclal Statements 7 to 10 DetAiled Ststement of Flnanclal Actl%,Itles
Ell7.Jbeth l.lontaf¥u Corres ondence Online Re ort of the Trustees for the l'ear Ended 31 18. 2024 The trusteL% M,ho are also direLrors of the charity for the purpos¢s ot rhe Companies Act ?000, pregent their report with the tinancial stateinentS Ot (he charity for the year ended 31 May 2024. The rrustees hai'e lldopte<l the proK'i.sionb of Accounting and Reportino by Charities-. Stalwnent of ReL'ommLnded PraLtice applicable to charities preparing thcii- accouni.q in aecordanLe w'ith the FinanLial ReportinfJ Standard applicabl¢ in th¢ UK and Republic ot Ireland (FRS 1021 (ettectiN'e l January 20191. OBJECTII'F.S AND ACTIIIITIES Objectives aftd Charitable Purposes The obj¥Lt% ot the charity are to adi'ance ¢(lucaiion for the public benetit by publishino an onlinc edition ot Il)e letters of EIi7Abeth Montagu. her COnpOndentS and other menibers of her circle I'the Montagu Correspondence") in particulL?r bui noi ex¢lu%ivcly as a mvans to= a) adaL< schc)larship and litcrary and hi8toriLal rrscarch by Inaking th¢ online comp()nd¢nLc archivc available for use as an eduLational Èool by academic institutions and inter(3tcd me]nbers ot-the public. b) Lncoura¥e sLholars anLI rrgellrLher4 to transcribL. edit. study and publish Inaterilll.% arising froin the online c()rrLwndcnce archive. and to proi'ide ihem ivith %Lholarshipb. expL'nse rLiinbuTh¥mL'nt and other tonn5 Ot tinancial a&sisrance for this purpose. The tru.qtees are Inindtul ot the Chariiy Coinmission guidelines on public benetit. Structure, Governance & lnagement The chariry was registered as a Charitable Incorporated Organisation on 18th September 2017. It is administered by its Trusiec8, and the day-to-day adininistration is carried out by Joanna Barkcr. The Trusleeb reeei%'e no rnnun¢ration troin the charity. Trustees Prof&8sor Caroline Franklin {Chairl Professor Mike FiJnklin Profesbor Nicole Pohl Dr Elizab¢th Eg¢r Joanna Barker The founding Tru%tees listed abo¥'e ivere appoinEed on 18th Septcmber 2017 ttncl seTh'e an initial tenn of betii'een tw'o and tour year¥ (as SLt out in the founding doLui))cnt). and m<ly thereafter be re-elected tor tennq of three yL?rs. ThL Trustees haK'¢ fainiliarised thcin8elires w'ith their resyon%ibilitie% and obligatioris 415 set out on the websiie of the Charity Coinmissiun. New trustees, Ivhen appointed. will benetii froin an induction pruL5S. Don#tlOliS A donation rcLei¥ed durintr the year froin rhc Ardeola Charilablc Trust. olM.hiLh J(TrJnna Barkcr is a trustee. Rei'iew. of Actii'itles During the year undcr rLI'ieiv. the transcripiion and ediling ot MontdtFu'% ILtcrs Lontinu¢d. briligin the nuinber of Sections with Indildual corrcspondcnts to eighieen. A turthrr thrLL intcrns were selected after a public ink'itation for applications and ivere trained in ihe tran.%cription and XML mark-up ot the Ictters to Elizabeth Caner. Oxtord Brookes reiinbursed oi'¢ipuid fLe5 in respect of the Cooperation Agreein¥nT. which ha5 now come to an end. In DeL'ember 20?3 a su¢cessful contereiice was held in lh¢ Hulltington Library, Calitornia. on th¢ topi¢ 'cOpondenCe &. Ewnbodimeni= the Bluestocking Corpus Online,. The Trust¢e% are sad to report the Ileath in June 20?4 ot Protessor M ichael Franklin. one of (he tounding trustee% of thl charity. an nineni scholar of the eighteenth century and a good friend. Puge I
EIi7Abeth Monta Corres ndence Onllne Re Jort of the Trustees for the I'car F.nded 31 .Ilai 2024 ACHIEI'ENIENT AND PERFORNqA,YCE The Trustees are responsiblr for preparing the annual report and finanLial SthiLTnents in <1cLordiinLe ii'ith applicable law and United Kingdom Genernlly AcL'epted AcLountinu Practice. In prep?£ ring these fin8nciiil 5tatein¢nts, the TrustLYS arL required to: l. Select suitable accounting policies and apply them consistently 2. Observe th¢ merhods and principles of the Chariii&% SORP 3. Muke judwn¢nt5 and e8timates rhat are rcasunablL and prudent 4. State ivhLther <ippIiLable itii()unting standards have be¢n t"olloM'ed, subj¢cr ti) any departures digelosed aiid explained in the tinancial statLYnentS 5. Prepare the financi<il %tateinents on the ¥oiJig Lonccm basis unle%% it is inappmpriate to ls&U]llc that ihe Lhtirity Mill Lvntinuc in uper<itii)n. ThL Trustces are respon4ible fi)r kLLying proper acei)untin(y rLYords ,hICh di.s¢lose H'ith reason<ible aLLuracy at any timc ihc financial ysition of the charity, ajid to enable thLm io ensurc that the ace()unt% Lomply with the Charities Act 2011 and the Charities (AeLntS and Report%) Regulations 2008. They arL also rc8nlb]e t(yr %atcguarding the a.%SCt% ot. the charity hl¢ for taking reasoilable stepi for thc prLvcnrion and detectiotb ot trdud and other irregularitiCS. FINANCIAL REVIEW Donations The trustees are ttrnlelul t(I thL FoylL. Foundation t.or it% generous grani ot £15.(KIo. ,hICh has enabled th¢ ¢hariry lo support EJ r¢searLh assisrant al Oxford Llrooke8 Unii'ersity tor 8 turthcr year. A donarion was receii'ed during the year from ihe Ardeola Chariiable Trust. ot which Joanna Barker is a tNsie¢. Reserves policy The poliLy adopted by th¢ Trustecs is to hold a level of cash ihaL taken togerher with tirni tutur¢ pledges trom its existing tundtts. 'ill be.4ufticienl to tulfil its known obligations tor ihe next twelve months. The Trustees declare that they hai'e appro.ed th¢ trnbiees, rq)ort and accuunrs for the yvdr ended 31 st May 2024. STRUCTURE, GOVERNANCE AND MANAGEI¥IENT GoN'erning document The chariiy is con(rollLYi by its goi'erning doLumenL a decd ot trust. and vonsritutes a limited conipany. liinited by guarnntee. a dcfined by the Coinpanies A¢t ?006. The Lharity regist¢r¢d as a Charitable Incorporated Organisation on 18th SepteinlKr 2017. Ir is adininistcred by its Trustees. and the day-to-day 1£ dininistration ib Caled out by Joanna Barker. The Trustth retii¥'e no remuneration troim the charity. The TrubteLS ser¥'e an initial tertn of between EIVO and tour years (as Out in the tounding docuinent), and Inay ther¢*fter be re-elected for tenn.$ of thr¢e years. The Trustees ha¢ familiaribed thcmselves with thLir rcsponsibilities llnd ()bligatiolls as out on the website of the Charity Coinmissiun. N¢w tru%tLLs, Ivhcn appointed, will IKiictit trorn an indu¢ti()n proccss. REFERENCE AND ADMINISTRATIIIE DETAILS ReL¥iStered Compani. number CEO12241 {England and Wales) Registered Charit). number 1174697 Registered offjce CrcLk Housc F ishcry Roacl Bray Bcrkshire SL6 IUN Trustees Prof¢$50r C Frnnklin Chair Professor M Franklin Professor N Pohl Dr E Eger J Barker Compan}. Secretary Pag¢ 2
Elllabeih hlont&iJu Corres ottdenee Online iort OC the Trustees for the l'ear Ended 31 Nlai. 2024 REFERENCE AND ADNIINISTRATIVE DETAILS Independent Examiner Peter Upton FCA CTA Peter Upton BridgL House ? Bridge AN'enue Maidenhead BerkshirL SL6 IRR Bankers CAFBank ?5 Kings Hill Av'enue Kings Hill W&4t Malling Kent ME194JQ Apped by order ot'th¢ board i)f tru.4teLs on . *E(4 A and signed on lis b¢halt by.. J Barker- Trustee Page 3
Inde Jendent Examlner's Re rt to the Trustees ot Ellzabeth Montaou Corre$ ndence Online Independtht examiaer's report to the trustees of Elizabeth lotgU Correspondence Online (Ithe Compan} ) I rep()rt to (he Lhi1rity trustees c)n my examination of the a¢¢ounts of the Conipany ti)r the year ended 31 May ?U?4. Responsibilities and basis of report As thc charitVs trusiees ot- thL Coiiipany {and lllw its dircLtors tor the purposcs ot Loinpany laiv) you are responsible f()r thc preparniion vf ihc aLCOUllts in acLordancc with thc requirements of the Compiinies A¢1 ?006 ('thc 2UL)6 Act'}. Having satisti¢d iny%elt that tlie acLounts ot the Company are not required to be auditecl under Part 16 of the 2n06 Act and are eligibl¢ tor indwendent exaininc1tion. I report in respeLt of my examinatii)n ot your charity's aLcounts a% ¥(Irried under Section 145 of the Charities Act 2011 {'Ihc 201 l Act,). In ¢anyin8 out Iny exaininatioii I ha'e tolloived the Direction.8 gi¥'en by the Charity Cotnwni55ion Und Section 145151 (bl ot the 2011 Act. Independent e¥aminer's statement I hai'c Lonipleied niy ¢xaii)iAation. I contimi that no Inutters hai'e coine ro my attention in conn¢¢tion ivith the e.xamination giK'ing tne caufe to believ¢.. accounting reLrd5 ivere not kepi in rtspect nf ih¢ Company as requirLyI by SLx'tioi1 386 ot the 2006 Act- or thL accounts do not accvrd ivith thobL record%. or the aLL()Utits Llo not coinply H'ith the aLLDunling requirement% of ScLtion 396 ofthe 9006 Act othcr than any reqUIre]tTIt that the account% trji'c a true and tair ¥'ieM' whiLh is not a n)atier L(TrllbidLrLd a% part ot an ind¢yLndent e.Yainination: or the accounts have not been prLyarcd in accordance with thc methods and prinLiples Ot- the StÈltLYllLnl of RLYoinm¢nd¢d PractlLL for aLcounting nd repnrting by chclrities lapplscable to chariiies prLyaring their alcounts in aLcordance with rhe Financial Reporting Standard appliL&ble in the UK and RepubliL ot Ireland (FRS I O?)). I hai'e no concems and hal'e coiM¢ across no oth¢r matiers in connection with thv exainination to which atteniion should be drawn in this repi)rt in order (O Lnable a proper understhnding ot the accounis lo be reached. Per Upton FCA fffA Peter Upion Bridge House 2 Bridge AvL*ue Maidenh¢ad Berkshir¢' SL6 IRR Date.. Puge 4
Ell£abeth .70t1tlIV Corre$ )ondence Online Siatement of Flnancial Activities for the Year Ended JI 2024 31.5.?4 Unr¢striCiLd fund tunds Notes INCOME AND ENDOWMENTS FROfvI Donationè and legllcies LJ ?{I,000 i 0.000 Other trading aLrIlI1¢S Inetinent incoin¢ 9.638 14 13 Total 9.652 10.013 EXPENDITURE ON Charitable activities Charitable Aclii'ities 16.549 93,646 NET INCOMEI(EXPENDITURE 13.103 (13.6331 RECONCILIATION OF FUNDS Toral tund% brought fon4.ard 13? 13.765 TOTAL FUNDS CARRIED FORWARD 13.235 132 The notes torni part ot these financi1< I statemLmts Pagc 5
Ellzabeth 11.lontA u Corres ndence Online Balon¢e Sheet 31 la1. 2024 .11.5.?4 Unresiri¢ied fund Total tunds Notes CURRENT ASSETS Cash at bank 13.8.35 612 CREDITORS Ainounts falling due within one year 1600) (480) NET CURRENT ASSETS l j.?35 132 TOTAL ASSETS LESS CURRENT LIABILITIES 13.235 132 NET ASSETS 13.?35 13? FUNDS Unr&qtricted tunds: General fund 13,235 132 TOTAL FUiYDS 13.235 13? mie charitable Company is entitled to exanption from audit under Section 477 of the Companies Act 2006 for the yekjr ¢nded 31 May 20?4. The Innber5 hi¢ K'¢ not required tlie COmP<iny to c)bt¢iin an audit of its financial statements tor the year cnded 31 May 20?4 in aecordanLtr I4'ith SLLtion 476 ot the Coinpanits Act 2(K)6. ThL' trustees acknoivl¢dgc thcir I'LpOnsibIlitIeS tur ¢nsuring that thc charitable ¢oinpany k¢vp% accounting rOrdS that coniply with Sections 386 and 387 Ql-the Coinpanic5 Act ?006 and pr¢parii)g finl& ncial statancnts ,hiCh gii'e a true tair i'iew ot the %tate ot-aftairs of the charitable company as al the end ot eaLh financial year and ot l¢b surplus or deficit for each tinancial year in accorddnce ivith the requireinents of SeL'rion$ 394 and 395 and ivhich orh¢n¥ise L02nply with the requireinents ot the Companieb Act ?006 relatillg to tinan¢ial statemenLs. so far as applicable to tlie charitable conipany. Ib) Th¢ finttneial sta(einLnls hai'e bLrn prepared in accordanLe with the proi'isions applicable to charitablL companies subject to the small comptsnies regiine. The tinancial statemLnts wcrc approi'cd by the B()ard of Trusteets and aurhorised tor issue on signcd on its h31t by.. . and wcre arker- Truste¢ The notes fonn part of these finanLic21 btatL'ment Page 6
Eliz&beth l¥lonta41U Corr¢s jondence Online Notes to the Finineial Statements for the l ear Ended .31 Nlai 2024 ACCOUNTING POLICIES asis of preparing the finanti*l statements The tii)aneial siatement% ot the eharituble cornpany. whick is a public benL.tit entity under FRS I O? hai'e been prq)ared in aLcordance ivitk th¢ Chariries SORP (FRS 102) 'Aceountiiig and Reporting by CharitiLs-. Siatenient of. Recoininended PraLtiLe applicqble lo charities preparing their a¢¢ount5 in acLordance wilh tl)¥ Fin<lnCilc l Reporting Standard appliLable in the UK and RepubliL ot Ireland {FRS I O?) (cftective l January ?019)'. FinanLial Reporting Standard l O? 'ThL Financial Reporting Stanclard applic1( ble in the UK and Republic of Ireland, and tl)e Coinpanies Act ?006. The financial statements have been prepared under the historical cost conveniion. Income All inconie is wosiiis¢d in ihe Statement of Finan¢ial Activities once thL ¢harity ha% entitleinent to the tundN. it is proi)able that the incoine .][[ b¢ receiv'ed and the ainount Can be measured reliably. Expenditure Licibilities arL recognisLxI as ¢xpenditure as soon as there is a legal or consrru¢li¥'e obligation cominilting the charity lo that e'ndi¢ure, li IN prob#blc that a tran%ter of e¢onomie benetits will be required in %ettl¢Jn¢nt ancl the ai)iounl ol-the (Ibligation can be Ineasured reliably. ExpLnditure is a¢YOUnted tor on an a¢K'ruals basis and has been cliissified under heading8 that ¥gat¢ all Lost relaied to il)¢ ¢at¢gory. Where costs cannor be directly attribute(I to particular h¢ading8 thLy have been alloLat¢d to actiN'ities on a bafis consisrent with the u.se ot r¢%ources. TaYa¢ion The chariry ib e.xempt from corporntion ta.x oil its cliaritable a¢tii'iti¢s. Fund accounting Unrestricted tunds Lan be used in aLcordanL¢ With the Lharitable objecii¥'¢% ai the di.8crelion ot-the irustLYs. Re8tricted funds cali only be Uyed for particular restri¢ted purposes within ih¢ object% ot the Lhariiy. Re4trictions arise ivhen speLitied by ihe donnr or wlien funds ore rnis¢d for paiticular restricred purpose%. Further explanation ot the nature and purpose ot"e&Lh fund 15 includ¢d in rhe notes to the tinancial stateiiicntb. OTHER TRADING ACTII'ITIES F¢¢$ r¢iinburSnent 9,638 INIIESThqF.NT INCOfvqE 31.5.?3 Intere%t r¢ceii'ablt'_ trading 14 13 TRUSTEES, RENIUNERATION AND BENEFITS There 14'cre no truste, ranunerntion or other benLThfit.4 for the y<r ended 31 May ?0?4 nor tor IhL year ended 31 May 2023. Trustees, expenses There were no truste¢s' expenses paid tor the year ended 31 May ?0?4 nor tor the year ended 31 May ?0?3. Page 7 ¢ontinud...
Ellzabeth Corre$ ndence Online No¢¢s to the Flnaneial Statements - Continued for the l-ear Ended 31 i¥lai' 2024 CONIPAIL4TIN'ES FOR THF. STATEIENT OF FINANCIAL AC'fIiiiTIES (Inrestricted tund INCOME AND ENDOII'MENTS FROM Donaiions and legaLie5 i 0.000 1nttnent income 13 Total 10,013 EXPENIDITLRE ON Charitable actii'itie5 Cl7arit¢1bl¢ Actii'ities 23,646 IYET INCOlE/{ExPEND1TuRE) (13.6331 RECONCILJATIOIY OF FUNDS Total funds brought forward 13,765 TOTAL FLNDS CARRIED FORM'ARD 13? CREDITOKS: AMOUNTS FALLING DUE W'ITHIN OIYE I'EAR 31.5.?4 31.5.?3 Accrued cxpenses 600 480 MOVEMENT IN FUNDS Net movanent in funds At 31.5.24 At 1.6.?3 Unrestricted funds General tund 13? 13.103 13.235 TOTAL FUNDS 132 13.103 Net movanenr in t-unds. included in the aboi'e are as follows.. Incoming rl*oUe5 Rebource% expended Mol'e]n¢t in funds Unrestrieted t'unds Genernl tund 29.652 {16.549) 13.103 TOTAL FUNDS 29,651 116.549) 13,103 coniinued...
Eli7abeth lOntI¢l Corres ndence Onllne Notes to the Financial Stfltements - continued for the l'ear Ended 31 2024 fvlol,ElENT IN FUNDS- continued Comparatli'es for movement In funds Ai 31.5.23 At 1.6.22 itt tund Unrestrlcted funds Gencrdl tund 13,765 (13,633) 132 TOTAL FUNDS 13,765 (13.633) 132 Comparative net inoi'enient in tunds. included ill the aboi'e are as follows.. Incoining re%our¢es Resources expend¢d Movement in fundq Unrestrl¢¢ed funds G¢neral fund 10,013 (23.646) (13,633) TOTAL FUNDS 10.013 (23.()46) 113.6331 A current year l ? months and prior yLYr 12 months combined position is as ti)Ilow's.' Net At 31.5.?4 At 1.6.22 in tund UnrestrSeted funds Gcncral tund 13,765 (5301 13,235 TOTAL FUNDS 13.765 {530) 13.235 A current year 12 months and pricir year l ? months coinbined net moi'ement in funds. inLluded in the ab()ve are as tolloivs.. In¢oining resources Resource expended Movaneni in funds Unre5tri¢ted funds General tund 39.665 (40,195) (530) TOTAL FUiNDS 3Y.665 (40.11)5) (530) Page 9 ¢ontinued...
Elizabeth Illontaiju Corre5 )ondence Online Notes to the Financial St4temtnts- continued for the l'ear Ended 31 1&1, 2Q24 RELATED PARTI, DISCLOSURES Thcre were no related party transaciions ti)r the year ended 31 May 2024. Page 10
Ll Eli7*beth lontaill Corres ndence Onllne Detailed Statement of Flnoneial Activltles for the Year Ended 11 N.lav 2024 31.5.?4 31.5.23 Ir4cOlE AND ElYDONMENTs Donations and legacie5 Grnntb & Donation% ?0,000 i 0.000 Other tradlng Aetii'ities Fee5 reiinbursein¢nt 9,638 ntrestment income Interest receik'oble- trading 14 13 Total Incoming resources 29.65? 10,013 EXPENDITURE Charltable aCtItIeS Sundrie Purcliasc of riglits t() diryital imagL Funding of re3earch &i%istants Goi'ernanc¢ expen8e% ConlerenL¢ ¢xp¢rises Oxtord Brookes Cooperntion 37 204 15.9?8 i?0 2UO ?03 13.800 480 9.096 16.489 23.579 Support costs Finance Bank charge 60 67 Totul rLY>urco% ¢xp¢nded 16.549 ?3.646 Net incomel{eipenditure) 13.103 (13.6331 This page does not foTm part of tlie statutory financial statemeni Pagell