REGISTERED CHARITY NUMBER: 1174697 ofthe Trnstses and Um*udited Fln*nLlal Statem ftts for the Y￿r Ended 31 Mav 2 EIi7Abeth Mithtauu CorreB onde Othe Peter Uptun Bridge HO￿5¢ 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 T￿St￿l L to 3 Independent Exxmlnerls RepDrt Statement of Financial Aetlvldes 82lAnce Shttt Notes to the Flllanclal St4teJJJents 7 to 9 Detailed Statement ofFinaniial A￿1VItieS 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 ir￿lt 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¥n￿ot of ReLomLu¥nded PraLtice appliLable ts) charAtieb preparing thrir accouuts ill 8LYordanLe Witkn the FinxnLiuI Rcportitig Standard appIl￿ble 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 hist￿lc41 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 STr￿y 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￿ LO￿e&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 lett￿5 ￿ Elizabeth Carter. In January 2025 our Edi￿r-I￿4hIct. 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￿ S￿di¢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 $￿pOrt The T￿￿t¥¢8 t￿¢ rttspotssible for pr¢pllrillg the uttjwal repDrt aud till￿cIal b*al¢ments in occordwiLe with 4yIiGabIe Iaw and Unifcd Kingdom Generally Accepted Accounting Prdctica Iu prcpariug these f￿anCial statements, the TA￿te¢S are r¢quited tt).. l. Select suirable ac¢ourting policies and apply them cJ)msistently 2. Obs¢rye the methods and principle6 of the Charitie6 SORP 3. Make jud• 3nd estima￿% that are reasonable andprudent 4. State whcther applA¢able aLLounling SUUM￿LL$ 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 fi￿de￿. 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 Y￿r Ended l Mai" 2025 STRUCTURE, GOVERNANCE AND MANAGEMEwr Governlng doeumtnt The LhJJ'ity is C￿lI￿d 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 Tn￿letS YeceTve no remuneration tr(￿ll the chariry.The Tll￿es save an initial tern) of rwo and tour years (as sei out in the tounding doc.wnent), and may thereafter be r¢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 conce￿8 2nd have come acr£￿ no other mafEers iti ￿￿tte￿IDn 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 Maidenh￿d 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 ti￿d5 Not& INCOME AND ENDOWMEIYTS FROM Donations and legacies 32,500 20,1 Other tradmg activities Investtn￿l 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 fi￿d5 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 ch￿1t8b]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 respOn￿bIllU￿ 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 a￿lIcabl¢ tu thr bharirable Loinpaoy. (b) Thcsc fiT]ancial statemenL5 have been pwaTO] in aCcI)rkn￿ with thc prob7510￿8 applicalAe to charitsble companies Subje￿ to thc Sm￿1 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 St*teJneDts for the Year Ended 31 Ma ' 2025 ACcOuP￿lNG POLICIES Basts of preparing the fin*ncial 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