REGISTERED CHARITY NUMBER: 1174697 ofthe Trnstses and Umudited FlnnLlal Statem ftts for the Yr Ended 31 Mav 2 EIi7Abeth Mithtauu CorreB onde Othe Peter Uptun Bridge HO5¢ 2 Bridge Avenue MaTdenhead B¢shIre SL6 IRR
Ellzabeth Mtsntaau Corr ence Onllne Contsnts of the Floallelal Statthtsents for the Year Ended 31 Ma ' 2025 P8ge Report of the TStl L to 3 Independent Exxmlnerls RepDrt Statement of Financial Aetlvldes 82lAnce Shttt Notes to the Flllanclal St4teJJJents 7 to 9 Detailed Statement ofFinaniial A1VItieS io
Ell b th Corres dence ort the Trustees for tb Year Ended 31 Ma ' 2U25 The ullste who are aiso directo ot the chaTity tor the puwes ot the Compatiies Act 2(K16, pr¢senl their irlt the linaticiai statemettls ol. the clwity tor the ye8r ended 31 May 2025. The (rustees have adopted the provisions ot A¢¢ounling and ReEx)rting by ChariU¢s: Stht¥not of ReLomLu¥nded PraLtice appliLable ts) charAtieb preparing thrir accouuts ill 8LYordanLe Witkn the FinxnLiuI Rcportitig Standard appIlble in the UK artd Republic of Ireland (FRS 102) (effective l January 2019). OKFECTIVES AND ACTIVITtES Objectives and Charitable Pllrposes The objeLts' ol. thc LhJriLy are to advance education tor th¢ public benefit by publishing an vnline rdition of the lett¢ of Elizab¢th MutLt&8u. b¢r LDrrespondents' and oth meJr)beis of her 6ArLle {"the Monragu Corrtspondence") iii particular buc Ao¢ exdustvely &8 a meatLS to.. a) advance Kholarship aThl lilcrary and histlc41 research by making the online correspondence archive available tor use as an educationat cool by acadunic institutsons and interested membet5 Ot the public. b) encourag¢ scholdrs and rcscarLhd3 lo transcrily6, ediE STry and publAsh tnate4'ia]s ai'ising from the onlinc ci)ntsPODdeJLe archive. and to pmvide themwith schoiarships, expen8¢ reimbu¢[ and oth. forths of fmancial assistance for this pwpose. The tnLStees are mindful of the Charity Commission guidelines on public ben¢fit. Revlew of Acttvitlp ing the ytrar under review, tEke tsw]sLription alld editing ot. Muntagu's leiiers continued. and I}Jrtb LOe&pon(lent Se¢tiL)tt& were pub]isbed. A fiuthcr three iutems wer¢ selected a public invitation appliwi0ti8, and were trained iti the tr4msuypuon and XML maTkaUP of the lett5 Elizabeth Carter. In January 2025 our Edir-I4hIct. and three ot our research assistants pres¢¢d a panel i)n the EMCO ptrJje¢t at the annuaE iurtrr#nce Df th¢ British SuL'i¢ry forEibtht¢enth Cclln Sdi¢S. We wer¢ Plea8ed to Trfeffve Febnwy 2025 a grant of £12500 ttom the Foyle FoundatioE4 to fijnd techllical siipporL r&search assistanLS and th¢ 2025 internship progwnme, Thetrustees are gratrful to the Foyle Foundation for its continued $pOrt The Tt¥¢8 t¢ rttspotssible for pr¢pllrillg the uttjwal repDrt aud tillcIal bal¢ments in occordwiLe with 4yIiGabIe Iaw and Unifcd Kingdom Generally Accepted Accounting Prdctica Iu prcpariug these fanCial statements, the TAte¢S are r¢quited tt).. l. Select suirable ac¢ourting policies and apply them cJ)msistently 2. Obs¢rye the methods and principle6 of the Charitie6 SORP 3. Make jud• 3nd estima% that are reasonable andprudent 4. State whcther applA¢able aLLounling SUUMLL$ hwc beett folLow¢l bje¢t ts) ally departures disclosed 01 exp10itted in thc fmancldl &&lernettts 5. Prepare the finanGkal statements on the gDing collcgrn basis urLless It 18 inappropriate to assume that the thaiity will continue in operation. The TnLStees Are responsible for keepino pmper a¢couniitig Tecords wbich disclose with reasonable a¢¢uracy at any time the tinanciai position of the cbarity, attd tu umble thcm to ensurc thllt tbe accounts compty with th¢ Chari¢i¢s ALt 2011 #nd the Charities (ALcoU¢j and RqN)rrs) Regulations 2008. They are dlso responsible for %afeBuardiag the assers ol. Ihe Lharity and hence for king re&sonable sreps for the prevention and de¢tion of fraud and otheritregularities. Reserves policy Th¢ poliLy adopt¢d by th¢ Truste ts lo hold a level of Lash thu4 taken togyetbu witb fjm) tUre plcdges from its existing fide. will b¢ su*ficAent to fillfil its known i)bligations foi tbe next twelve months. Page I
Ellzabeth Corres ondence Ofvllne ort of the Trnstees for the Yr Ended l Mai" 2025 STRUCTURE, GOVERNANCE AND MANAGEMEwr Governlng doeumtnt The LhJJ'ity is ClId by its gToverniuii dooullwii a deed 4)f tsusl. aud consuLt¢s a Lunit cumpÈmy. litnited by &wgrante4 a defmeAI by the Comwdtties Ac(21K)6. The chartty w'as registered as a Charttable IncoTpurawl Organisation on 18ih September 2017. Tt 15 aikninistsre41 by ILS TTUS(¢e5, and the day-to4tsy a(Iministration is catTicd out by Joanna Barkex. Nie TnletS YeceTve no remuneration tr(ll the chariry.The Tlles save an initial tern) of rwo and tour years (as sei out in the tounding doc.wnent), and may thereafter be r¢<lecred tor Èem ot thrcc ycars. Trnstees Professor Caroline FranklTn (Chair) ProfessorNicole Pohi Dr Elizabeth Egy Joanna Barker The TnteeS sene an iniiial temi of beveen ts4'0 and four yeaT5 (as set t in the founding document), and may thereafter be rtrelected for m of three years. Th¥ Trusttts have fatniliariscd th¢nLsclves with theAf 1¢4&1bILltiss atkd obli&Fations set out on rh¢ wd)si(e of the Charity Commission. New ttustee4 when appoint£ will bettcfit Irom an Andiicuon process". Donatlvn8 A donation w&8 receivcd dutin8 the y¢ar from the Ard¢olA Charlrable TrubL ot"wEll'ch Joanlla Barkeris a I5{¢¢. Registered Cowpw number CEOI 2241 (England and Wales) Registered Charfty llumber 1174697 Rryistered ufilce Creek House Fibh¢ry Road Bray Berkstiiic SL6 IUN Trustee5 Professor C FraDkiin Ca]r Protessor M Fratin (resigned 1.6.24) Profes6orNPohI Di. E Egcr J BaTker Conwany Secretary Indepellde ExAmlner Peter Urrton Petrr Upton BridgeHouse 2 Bridge Avertue maident SL6 IRR Page 2
Fjfzabeth Monta w CDrres dence Onmnt rt of the Trustees foi. the Year Ended 31 Mx . 2025 REFERENCE AND ADMtNISTRATIVE DETAILS BS CAFBank 25 Kings Hill Avemie Kings Hill Wesi Malliiig ME19 4JQ tOS4 Approved by oriicr of thc board ofttustee5 on ................. .......................... and signcd on itsbehaby. JB r- TLUStee Page 3
endent Examiner's R ort to th¥ Trnsttes or Elizabeth Monta Ctsrres d¢nce Online tDdependent eiamlner's report to the trustees of Elizabeth Montagu Correspondtn¢e Online ('thc Conwy I rEport to the charity tntr&S 011 my examiiiation of the accounrs of the Company for thc ycar cnded 31 May 2025. Re8pDnslbllities and basls of report As the Lhariiy's teS lit" the CAimpany (and aJbQ irs direct0ti4 lor thc putp()scs of compatty law) you e rcstmsible ti)[ thc prepwation of the aLCmts in aOrd[E with thc rCqUirnL4 L)f tbe Companicb Abl 21M)6 cihc 2UIkn ALt?. Having satisfi¢4 myself that the accounts of the Conw4ny are not required to be auLthtcd undcr Part 16 of the 21X)6 Act aThl are eligible for independeni examinacion, I rq Tn respea of my examination of your charity's accounts as canyed out under Section 145 ot the Charities Act 2011 (Ihe 2011 knt). In Carrying out my examinln I have tollow¢d the Dir¢¢tiolls giv¢n by the ChaTiry Comn)ission uttder Sectiott 145(5) (b) of the 2011 ACL Independent ex9mine$ st•tement I have completed my examin&ioh. T confirni that no mattthE have come ¢0 my attention in comiection with the examin&t(on giving rne cause ts) believe: 8Lwiintin¥rccurds wcrv not k¢pt tn re&pecL of thc Company as r4uircd by Sc£tivn 386 0l.thc 21X)6 ALI. Ot the accounts do accordwith thi)Sf ffLord%' OT the accounts do not comply with the 3cGowitiryg require4nellts of kn.tioll 396 of the 2006 Act other tbatt ary requirtxnwt I1t the accourt8 giNT a mLe and fair ¥'iew which is not a mattcr cOndered as part of an indcpendenl MInation. or the accounts havc ttot been prcparcd in accordancc with the method8 and PriTJciplcs of the Statement of R0mended Ptice tor and rry>rting by clwi(ies (applicable lo chariti£s prepating their accowits in a¢¢onJancc with the FiEwnLial Rep)rtiug Srfjnd i¥yIiL&ble ia tbe UK arndRepublic oflrelaud (FRS 102)). I have no conce8 2nd have come acr£ no other mafEers iti tteIDn witb the examinatioo to wbich attcrntioll should be drawn iti this report in order ¢0 enabl¢ a prowunderstanding of the'accounts to be'reache Peteruptoll Peter Upton Bridge House 2 Bridge AveTJue Maidenhd B¢rk5hitc SL6 IRR PagE 4
EIIYAbeth Montxfju Corres ndtnee Onlln Statement of Financtal ActiTriti for the Year Ended 31 . 2U25 31.5.25 Unrcstricted fuud 31.5,24 Total tid5 Not& INCOME AND ENDOWMEIYTS FROM Donations and legacies 32,500 20,1 Other tradmg activities Investtnl income 9,638 14 25 32,5?5 29.652 EXPENDITLIIE ON Ch.*bIe aetivitie Chgritable Activities 19.710 16.549 IY£T INCOME 12,815 13.103 RECONCILIATION OF FUNDS Totsl fiu)ds broughi forward 13,235 132 TOTAL FUNDS CARRIED FORWARD 26.050 13,235 The nDte4 forn] p&t ofrhese financial statements Page 5
Elfzabeth Muntaou C ondence Oftll Bthnce Sheet 31 M&i' 2U25 31.5.25 Untzsttictcd fimd 31.5.24 Totht fid5 Notcs Cash atbank 26.680 13,835 CREDITORS Amounts falltng due withill onc ycur (630) (600) NET CURRENT A&SETS 26,050 73,5 TOTAL ASSETS LE CURRENT iJABILrrJEs 26.U5U 13235 NET ASSETS 26,050 13,235 UtLresrriLtcd fimds.: Geueral futtd 26.050 13235 TOTAL FUNDS 26,050 13.235 The ch1t8b]e compatty is entttlcd ts) exemption fiyjm audit Under SeLLi(In 477 of the Cumpantts Ad 2006 for the year ]dea 31 May 2025. The Thembcrs havc not Tequired the company to ithin an audit of its financial statcm¢nts for the year ended 31 May 2025 in acc(anc6 with Sectii)n 476 of the Compatiics Act 21Mkn. The tr¥1¢¢5 athiowledge tbcir respOnbIllU for (a) eosuring that Ihe charitable conwany keeps accouniiog r¢cords that comply with Secrion8 386 and 387 of th¢ Corrwi&s Act 2006 and preparing financial statements which ve a true and fair view of the state ot"afYaiTS ot.the charitable o)mpany as at the end of each tinancial year and ot its sutplus or d¢tÉ¢il for each tinancial ye4r in accordance with the requiremenLS Ot Sectiotss 394 al 395 alld whidL OtELerwise u)mply with the requirements ot. the Q)tnpatties Act 2006 lating 10 statements, so far as alIcabl¢ tu thr bharirable Loinpaoy. (b) Thcsc fiT]ancial statemenL5 have been pwaTO] in aCcI)rkn with thc prob75108 applicalAe to charitsble companies Subje to thc Sm1 comwdnies regime. The fiuanGiaJ statements were approved by the Board ot Trn5tee8 and authotised for i&sue oll ..................... ............ ......... at)d were signed 00 Isb¢1]f by: . TnJste£ Tr not¢5 fonn part of these financial statements
ENzabeth Mofttsml Curre ndence Onllne Not£% Éo the Fknancial StteJneDts for the Year Ended 31 Ma ' 2025 ACcOuPlNG POLICIES Basts of preparing the finncial statements The firtanEial s[atrLD of thE d)aritable comp3ny. which is a public benefit entity FRS 102, ]uve Ixen Prepar in accoiknce with the Cbdritic8 SORP IFRS 10?) 'Acciyunttng Reporting by Ckwiti<s'. Statemcnt of ROrnended Pr&crice tw)licable ro chariiies prepaTing their aLLounts in accordance with thr Financial Reporting Standard applTcable in the UK and Republic of Irela (FRS 102) (¢ffccÉive l January 2019),. Pinancial Reportinu StaTtdard 102 Financial RertAllg Standard awlicahle itt the UK Republic ot"ITeland' and the Cornpatii Act 2006. The tJtial statcrncmts havc b¢¢ll prLyar£d utMl¢r thc bitwical 105l conv¢n(ioo. Income All income is recognised in the Stsiem¢nt of Financial Activitie5 once the chatity has entitlement ts) the funds, i17s probable that the income will be received and the amowt be me8sured Teliably. Expenditure Liabilities #re reCognisl as pendIJ[c a5 soon as the i5 a legal or coJ]sttuthve obbgatiort Cotnuyittiog the charity W that expendittw< it is probable that a transfer of economic benefits will be Tequired in settl¥rnent and the amount of the obligation can be measured reliably. Expenditure is accounted for on accruals basis and h&8 be¢n classified under heading5 that aggregate all cosr i'ejated to the L7tegory. Wh8 costs cannot bc directly atttibuted to partiCar headings they have been IOcated to activities OJ a basis consisLent with the use ofr&sources. Taxatlon ThB charity is exempt from corporation tsx (m its charitable actiirytie& Fund accuunting UJ]tcstricted fund5 can be uscd in accordance with the cbaritable objectivcs ai the th"scretion ot.the ItustCGS. Restricted fitnds call on]y be used for partiear rostricted pwposes within tbc obiects of the charity. RestriiXiL1tt5 arise when 4iccified by the d(KJor orwhen fiinds &c Taised for particular Testri¢trd purposc& Further explonation of the nature alldpuJpDse ot each tund is included in thenotss to the tiDanciaE btatem¢llls. 31.5.25 31.5.24 Fe ]Mbur5¢ent 9,638 31.5.24 Intzre5t receivable- trading 25 14 TRUSTEES, REN(UThTIOIY AND BENEFITS ThereWe no trusttts, remuneration or otherbenefits for the year endcd 31 May 2025 nor for the year ¢nded 31 May 2024. Trustees, expense8 During the Ye ended 31 May 2025 Lxpenses of £247 (2024.. Nil) were paid to a TnL%tee. Page 7 continue&..
EHzabtth Mont Corr ondence Onllne Notes to the FiD4ncial Ststements- conlinued for the Year Ended 31 MA ' 2025 COMPARATIVES FOR THE STATEMEIYV OF FtNAV4CIAL AcfiviTIES Unrestricted fund INCOME AND ElOWMENTs FROM Donations arjd legaci&s 20,000 Other trading activiticg 9,638 14 TotAI 29.65• CAi2ritsble Activities Charitable ActAvitie E6,549 NET INCO.TrIE 13.103 RECONCtLtATION OF FUNDS Total fijnds brought forward 132 TOTAL FUNDS CARRtED FORWARD 13235 CREDITORS: AMOUNTS FALLING DUE WJTHtN ONE V£AR 31.5.25 31.524 Aclled expenses 630 60 MOSry.MENT IN PiTNDS Net nvement in fimiLs At 31.525 At 1.6.24 Unre5tr1cted fvnd5 Genera] fund 13.235 Il815 2A050 13235 12.815 26,050 Nct movement in fi&£. included in th¢ ave are as follows: Incomitt resourLes itt fijnds Unrestrleted funds Gcncrai thd 31525 {19,710) 12,815 TOTAL FUNDS 32.525 (19,710) 12,815 Page 8 continued...
Fjlzabeth MontYdlFU Coms ndeThce Ohlkne Note5 to the Financial Statements- cfjnlinued the Year Ended 31 Ma ' 202$ MOVEME IN FUNDS- contlnve41 ComparAllves tor movement In funds Net mOvcnt At 31.5.24 At 1.6.23 Unrestri£ted flln General fund 132 13.103 13235 TOTAL FUNDS 132 13,103 13.235 Comparativ¥ rLet moveEnent An fid8. tndud¢d in tbe above arc &5 fojlows: Ineorning resources Resources expellded Movcment in timds Unrestricted tunds General fvnd 29,652 {1&549) 13,103 TOTAL FUNDS 29.652 {16,549) 13.103 REL4TED PARTYDISCLOSiIRES Ther¢ wctc no Telatcd party rrÉthsactiOnb foT the ycar ¢nded 31 Mlly 2025. Page 9
Elltheth Monta Coyres dence OnllTke Detailed StateTrt ofFlllaneialAetiviti¢s foi. the Yegr Ended 31 Mai. 2025 31.5.25 31.5.24 INCOME AJYD ENDOWMENTS Don*dvno and l¥g4ues & Dsjnations 32,500 20,000 Other trading activities FS rcimbursrnt 9,638 Investmt income Inier&streceivable- trading 25 14 Total illcoming resources 31525 29,652 EXPENDTfuRE Charltable activitie8 SundrLVS Purclwe of Iights to digital itillges 37 204 15,928 200 120 13,lOt 247 630 5,607 TnL4tees expcnses AIxoiDILgncy SulFCouts3cts)r 19.650 16,489 Supwjrt Flnanee Bttnk Lharbies 60 Total T&%ources exp¢nd¢d 19.710 6,549 Net Ineome 11815 13,103 Thispag¥c does not forn] part ot thr stathtory fil,11 StatenlL$ Page 10