Registered number: 03374941 Charity number: 1183410 Mslexia Publications Limited IA company limit•d by guarnnt••) Unaudited Trust5. report and financial stat•m•nts Year ended 31 March 2025
Mslexia Publications Limited IA cornpany lknlted by guarantee) Contents Page Relerenc8 and administrative detsils Trustees, reF Independent examinerfs report 12-13 Statement ol finala1 admt 14 8alanc* sh88t 15-16 Notes to Ihe financial staiements 17-27
Mslexia Publications Limited IA Company lknlt•d by guarnnt••l Referènce and adminlstrative detals Ygar gnded 31 Mah 2025 Trustees Laure Btcx)ks Julie FaThell aaire Hynes Audrgy Mocnaughton, CPoir Fwa NewboUgh Lucy Nir Sokthie O'Neill Lu¢y Smylh. Treasurer Dthbie Taylor Foluke Ta' (resig 15 May 20241 exatKlra Weslw(x>d Sinead Linsky lapp)inted 14 May 20251 Kèy rhan4emant personn•l DebtM8 Taykn- Edrtorial D¥t0[ Company registered numbw 03374941 charity registored nwmb•r 1183410 Reglstered office 2nd Flwr Ctygate St Jarnes. &)uleva Nease upov Tw NE1 4JE Principal operating offi¢• M51èxia Publicatio LimilBd 3 Elison Terrn¢e Ellison PL8 Newcasue ukx)n Tyr NE1 8ST Accountsnts UNW LLP Chartered Accountants Ctygate St Jarne5' UleVa NevKasUe upon Tyne NE14JE Banker5 Cooperab"ve Bank Mited 1 1100 Street Manth5ter M60 4EP Page 1
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Trustees. report Year ended 31 March 2025 The trustees, who are also directots for the wrposes of company Law, have pleasLwe in presenting their reFQrt and the unaudited lina1 statements of Ihe chanty for yEar ended 31 March 2025. Introduction The financial ateMentS have been prepared in acoxdance wtth the ac¢tyJntiT¥J wlicies set Lwt i) note 1 to the financial statements comply th the Charilies Act 2011. Ihe Compans Acl 2[ and Ihe reqLiremenLs of AcxAJnbr¥J and Reportsng by Charities Stat8menl of ReLTIHITieiided Prtice, applicable lo charities FxEpariwwJ their aEcvuntS' ili atxotdatKX the finan(ial teptxliiiy standard dpplicable in the UK IFRS 1021. The charY'S full name o XIa 1¢atnS knmrted: within this rt will be refer to tM)th as'mslexia, and as'the Charlty.. Objèctives and activities Ob ecllves of the Char To aclvance Ihe eclucatk)n of the public in the subject of the lrterary arts_ To pronle equality and dwersity for the public benefit by advancing g8nder 8qualty within th8 literary field MS18 pUblh8S educational rnat8rials. both on-lin8 in paper fomiat. and progr8mme$ workshops. readings. surg8ries, Q8As arKI knures. to knrth8r Ihese 148thves. Public benefft The trLEtEe5 confirm that they have corn th ttE duty in SeLIN 17 ofthe cha[eS kt 2011 to have due r4ard to the puilic benefit guidanm published by the Chanty Ccmmission in delerminirwJ the tiTrMes uThYertaken by the Charity. The Charity Cornmis&on in its 'Ctharities and Public BerÈfil Guidance stalÈs that ihere are iwo kÈy princirAes lo be mel in order lo show thal an organi5ation's aims aR for the public benefL. first. there rr¥J5t be an Klentifiable benefit.. second, that the benefit must be to the public or to a section tsl the public. The trustees are sath"sffied that the aims and (tycbves ol the Charity. aThJ Ihe activities rewted on above lo aChve those aiwns. rneel IIEse pnncaes. A¢hieYements and performance Publi.0nS The Charity published four editions of Mea magazine duriThJ Ihe rerDJ in question lin June 2024. Sèptember 2024. December 2024 and March 20251. The magazine is aVailae in wnt and d1181 formats.. tse are also aCtesSib edits.ons In both formats. ComMi8sn$ within the magazine r8fl8Cted the Charty's orvJcMrvJ commitment Io equalty. diversity and iUSIOn. The lead 'ageja, artLles in the four edrt$ wefe as lollows. an ènatysis of writing {)peb.tth5 (Marthl, an exaniirtiDn of trends in Children's publishing (June). how M1hethx aff women's creati*ily Isewemberl. how women writers, IDices are being silenced on sock?1 r18 IDecembwl. The magazine will un¢ergo a ra)mpleie redeSn in Derwber 2025 during which tx)th the a[rearan and contents of the publication will be r8vw8d and r8ViS8d. The design of the Charity5 olher print and digital puNication5, as well as its w8bsite, SCla1 m8dia presenc8, Statnery. and all other froDt-facing a5pe(ts of Charity. will 3150 undergo revis¥)n in keeping wwith the new design of the lead publication. The Charity has cotKJud8d a similar r8desNJn w(Kes5 ev8ry fve years. on avera. since th8 laJnch of the tnagazine in 1999. The purwsÈ is lo reflÈct dèvdapmenls in the Iterary ndsCape and aes1hÈ rffirtlÉs in thÈ WI puNi%hin9 enyironmÉnl_ Page 2
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Preparations for the 2D25 redeg began during January 2025. TtrEse inclL¥Jed expert consullatK)ns, interwiews with possible designers, and a Readership Survey in March. Twenty per tent of eIWJe pnrt subscribers tc)k part laround a quarter of our print subscribers have withhekj their ernail addresses, so we were watAe to invite Ihetn to parts"opatel. Print subscription numbers increased very sIJY duri th8 year. by 1 percent.. dgital sthscriptions lfvffilled by Exact Editionsl dipped 2 pér cént from a miich low8r bas8 lonty a tenth of lScrirS buy thg digital ltM)n) During thg wr in tpgstion th a six pgr cént increaoe in Salon mnberShIp 5ubscriptK)ns. Membership of the online Eak)n' allow subscribers to access a varied and high-qualily progrAmme of literary events (see below under Events and outreach). Ar0 45 Fer ntOff Mslexia magazine subscribers had taken oul Salon membwship by the of the year in questi. an increase 015 w tyit Compa to tre pVIouS year. The 2W25 edib.on of the annual A4$leX Trary & Plannerrf to press in August 2024. This is the third edition of this unique publi¢ation. which combi5 th8 usual diary feature5 ith cxeativity rKompts 8xerrys8s. a directory of wriler5' rèsou9$, morthly list of wwibng opportunltles, and a substantial ann1Thj Sect1 to Wp r8ad8rs their writing In the cixnlThJ y8¥. Th8 COV8r prth of £26, whlch has remained the sarre for tlwee yews. coryares W811 th 0th8r inforrnatian-h8avy diary-planrb8rs. Sa185 wer8 14 per c8nt Iow8r than in the pViouS year", a vIS tnarketsry plan will be in KAa¢e lor Ihe a)26 ediith). Also published during Ihe year on 1 December 24 - was the fourth edits.on of the annual anlMogy. 8esi Women's Short Ficlion. Consislin9 of the 12 finalisis in each of the Short Stro and Flash Fiction Gqtews of the annual Women s Fiction Competition, this digital publication provKJes (xreer ath3ncerrEnt aj wtAi(ity lor featwed auttK)rs. Sales in(xeased by 14 per cent CoMpad to the previous year. Sales ol the 41h Edilion of the Indie P$ GuKle. putAished on 1 June 2023. 0)nlnued at a healthy rate during the year, hvith Blmost the entire print run sold. A 5th Edition is due for wetiOn in Seplernber 2025. bvork on the new ltIOn commenced in March 2025. This P8perback book is a detsiled directory of independent bcx)k publishers and literary ma9aanes operating in the UK and the Rapublic ol Ireland, alofig with the writing cornpetitions Ihey wn. It is a unwue re%xJrce for terS embarkirvJ i)n a lileiary career,. the infofmalion it contsins is not avaIlae In any other publi¢aiKYi. 11 avail&)le 10 rdse direct fvom Mslexia. 8$ well 8$ In sdeded bookshops and on Arnazon via Booksource. Regular upd8t8$ of the (x)ntents are required because the independent ryess wtor is highly ¥olatile. with many magazines and book publishing CoMpanS b2ing launched or of tnesS every yÈar. ThÈ 41h Edtbon includÈd 305 CometelY new presses that had emerged since the Third Edit was wbli5hed. The Charity also published two monthty email ne£tter$ thrrmjghout Ihè yèar i) question." the tsreer+0rnted Writing Opwrtunities. which lists subrni5sion callouts and compeknbon5'. aThJ the ttYJtvabJnal EVers. which aitns to provide ongoing erlnal 5UPPOrt to women writers. These free rEwsletters a very Fx)puk8r. ¥4ilh op14ns of over 27.Th (wnb. Opportlte$l and 20.000 IElevensesl. r8presenting increases of 9 and 10 per cent respectively during the year. The <yn r8t8 for new518tters also increa58d." trom around 45 per cent for bolh n8wsleiters, to 53 and 59 per c8nt reStiV81y. Thes8 are 8xceptional fKJur8s la 'g' open rale is (x)nsid8r8d lo b8 17-28 p8r cenll, and d8monstrat8 Ihat th85e fr88 re8ourc8s Jucj by the Charity are highly 3ppwa8d by krg8 numbers of worn8n writers. En(x)ur8ging women at every stag8 of th8ir (xr88rs lo 1x)Mete and submrr Vri.ng is 8 core 8irn of th8 Ch8rity. For thi5 r8850n ther8 8r8 Gurrently 23 fre8 submission c818gories in M5 8x18 mwJazine. ranging fr(xn beginn8r48vel 18.g.. 100-word rni(xo-fictK)n. four-lin8 Insta-PDem, 300-word blog posti io avanced13.LVJC-word lead artith. 20-23-M pampht. fu114ength novell options. The vast majtsrity of these cale&e$ are open to nOn-sUriber$. and therefo offer putAicatth opportunits lo women I)terS regardless of in¢tsme. Around 80 different women were wblished in each edith)n of the magazine. Page 3
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Durin9 the year in quest there was a 33 FEr nI inuease in Ihe number of SubmiOn5 acros5 all catwe5'. trom 2,914 in 202314 to 3,872 in 202415. This indicates that the range ol free submiOn eatewes is appeding to incwgng numbers cl women writers. Especially gralifying is the 48 per cerrt increase In sLbtniS5 from W£K[ who rKIt We¥Sty sent their work to magazine.. frorn 1.028 202314 10 1.599 in 202415. suggests.ng Ihat exP is fvifilliry its ayn lo Wrage w0nn wnters lo suM)il their work for the first tirne. The Chzrity a150 ran five differenl nabonal poetry and pr05e (x)mpetiti[ ftx wornen writer5 duriry the year, th entry fees 5tatting al £5, and prizes tt Iluded 5uL6iantitl cash arts. plus publicat¥)n. publicty. rnanuscript feedback. and intr(luctions to editors and literary agents. The three ffKtK compeb"t)ns Fla Fic1K lup to 3LKI wordsl. Short Stories lup to 3,000 wordsl and Novels loi chIren and Young Adulls Ino length reStrnI. The Th¥0 poety c4)mpetiiK)ns were lor Single Poems lany lengthl and lor Poetry Pamphlets 120-23 prn$1. A total of 6,232 entries were received overall. Thgh some wrrters will have entered several differenl cornpelitions, this figJre suggests that arourml 2.000 women wets ard 3,000 fictio w<)men writers engaged with the Charity's compelitions duriTrJ the year. TherB is a sepatato prize for a prev$ urwblished px)el in th6 Single Pown C(xnpeb"b"on. as an added innI1Ve to Eryrging poots to submit their work. The Charity also operates a'sporsor an entry, scheme all competit$ to OUrage submissions from low-income wriiers. During the peric in quest)n thL8 scheme was able lo SUppt all apd. The prize for th8 Poetry Pamphlet CPetition inoludes wrt)liratK)n of ihe Winning pat18t by a leading po8ty publi8her, the edit ol which a150 jU8s th8 crxnpelitirm. The putrAal pariner for thi5 rA)mpettbon 15 8bod8X8 Books. and the judge is the award-winning poet and Bkxaxe trustee Itntiaz Dlkyrker. Inviting and responding courteously to sut)mi5sion5 is 8 key aspecl of the Charitys misgon loften neglected by olher liter8ry organisat)nsl and our infcmabve, limely erthiragiThJ rejecl letters u)ntsnued to be appreuated by reCipntS dLJring Ihe year in questicn. Even15 and outT8h During the penod in quest. the Charity o)nts"n innovalive series of (mline novel and rnemoir wnting Courses, which have Ihe generiG title Women'5 Writing Week5. The Mslexia Novel Sthod Iwk place in July 2024. 11 cotnprised craft work5hop5 delivered by leading tutors, plus rnotwatianal c02ching. and a 'resident' coungdlor. Feedback from the 46 partlCiP3nts was glowng. The Mslexia Memoir Schod took in March 2025, with a fL¥rnat ol uaft ano rTh)tivzhonal w(xkshop5, al0 with counselling support. Both courses also includwj a Q&A with a spetialist literary agent Th0 fÈedLwk from parhtipants and tutors was as gbwiw as ever. there wa5 slight reductH)n in ticket sale5 cornpaietj to WPWOU5 yea1514 per &)r Novel SclKK4- 31 per cent fDr Memc¥r Schooll. There will be a complete re¥W of the pYoRcVs ¢onlent aThJ pricbw prw to the laurth oflhe 20& course seaxn. The only evenis programme in the Salon MaInS an imrM)rianl pari of the Charilrfs aciiwliÈs. The Salon is thè name of the rnembers-only part of the Mslea website, where meMrS can share thr writirYJ. access reSrCeS and di50JS5 issues in a series ol virtual chairooms. Salon members ate also eligible to att Ihe 11& events. which include fartnh11Y wriD"ng wc¥shops, ialks arKI surgemes. wed(ly'write-Ins'_and the annual Agw)t travaganza. at which Yn can Fvtch their ntsv* an(J memoits to literary agents. Two'prt¢hing Work$P5.. led by msleX.$ Editor. We held rmhy to the Agent Extravaganza. which were atlend&Y by and 263 writers r8SP8Ctivdy. At th8 2C25 Agent Extravaganza 8V8Wbt its8K 27 Fetxuary. 640 itKNKlual >Ok prc¥8Cts wer8 pitch8d by Salon m8rnb8rs, simi18r lo th8 number of proj8cts pitch in 2024. A tolal of 15 agenis from 12 18ading agencies. comrn8nt8d irKlividually on 204 of lh8 pitehes132 pei ni), and 9JeSte1j full manuscripts trom 104 wc¥ren116 per cenii. This confirms thai the Chaity pw a SKJniarnt role in furtheriw the carters of women writers. Page 4
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Attendan toall online events is tree to Sabn member5. zwwj membership only open to rnagarne subscriber5. In thi5 way the Chanty is able to offer a highquality y¢)Jramme of lrterary events. vthilst abo leveragiTYJ gJt6criFlth sales. In reccrf)nitK)n of the calibre, quanDty and value ol Salon evpnts. cotnpared to Ih05e offered by other literary orgav15atis, the price of a sal[ rnetnbership wa5 increased in June 2024 from £12 to £18. The increase- tre first in eighl years- was IMerInted in quarterty tranches. depending on the start date of the oThJinal membership subscription. tt wa5 aC¢Ompan by Ihe Lqunth of a raThge of submiss1r oppCtunltS exdusive to Salon rnember. 'Sol ShoKa¥e', whith 1$ pulAi5W qujrterfy in the M?IExia websrte. oon3i$ts of the best submttted w(¥k in Categories of wriling.. micro fictiOWbS Up io 100 w(xdsl. poem5 lup to 10 lin8sI, 51KHt skn85 lup to 1.(MIO wordsl. arKJ narrative non-fiction lup to 1,000 words). The Inaugural winnèrs wwe publishgJ on 1 September2024. The Charity's social media outreath wntnued to grow during the year. expandin9 yei fvrU)er beyond the magazne's subscriber base. Al the year end, Fa¢ebDok followers numbered 18.5118. in 2023141., Insla9ram 13.10019.3fj2 in 2023141 and Linkedln 1,2791923 in 2023141. Levels of engagement are consislenty high acr055 all ath)n$ and far outslrip those of equivalent Ilerary organiSatnS and publication5. The èx¢gPtion to this acxJss-thfrbo8nl Ir[Pa$¢ in swal wnsdia oultga(h in the year was Twrtter. FdlDhving Tmttgrfs takèover by Elon Musk. Its rebranding as X. and Ihe Tr)val of cont1 wthiiloring and saleguards. the p)pularity of tho plafform has plummeted among users whose gtbtudes align wrth those of organisatrjns such as mSlea. A8 8 result. the Chariws fdltswers on Twitterlx fell 7 per cent froffl 31,900 in 202314 to 29.6DO at the end of 202415. The toxic onlin8 environrnenl was addre558d in the ad '8geThts' in the Marth 2025 edition of Mslexia. Th8 Charity c8ased actively P051ing on X at the stsrt Df 2025, bLd mainlined a pte5ente tlwl directed to rt5 otrer FqaIfOr. including its new presewKe on BlueSky_ Mslexia's soc31 media content focuses m2inly on inspirab"on, erthuragernent, adv(rY, and links with Otr liler2ry org8nisalions' rnaterial, with a rnode5t proportion120 cent) of messw devoted to marketing the Charty's publitic8, events and cornpetitions. These olatfomis Ihererre extènd the CO edu(ati(¥)al aims of the Chanty. as well as hp0 io generaie sales. WebsttB The M51exia website updatB(I quatletly. in line wth fTe5h infortnylw in Ihe mosl recenl edi¢K)n of the tnagaziie, New writing slot5 arE posted on the Submissions page. and up-to-dale resources and events n(omts0n posted in the Salon. There is also a schedule ol weekly blog pJ5ts that suppletnenl the infixtnation in the magazne and p)vide advice and exercise5 in the run up to the Charity's competitions. Average Tnonthly website visrtor number5 were 16.(X)O during Ihp year. and average page yWS 92.000. These figutes varied throughout the year, wth pea(s towards Ihe ck)siro dales of the thre8-G3t8gory Fiction Cornp8tilKJn in S8plember and th8 two-category Poetry c(tillon in December. These very high wsilor nurnbErs make the site an af.ractwe FYV5ped for advertr5er5. As a resutt. Ihe wBbsite provide5 8 source of incorn8 frorn display advertising at the base ol certain pages. there lh2 rna1 to infomiation on the sile thout inlertupting il. Fundraign No fundraising twk FAace duri th8 year in que5tK)n. Page 5
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During the year in yue51ion. th8 Chaiity ie£eiv8d over 10,100 indiv
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) In 8ddition, hvo 100-per-cenl bursan8s wer? Offer for eath of Ih8 wren.5 VIri'ng Week ceurs85 that took place during the year. Applicsnts W8re 8ssesse(J according to Ihdr Ix)rnmitrnent to thelr vfflting careers Q"udgeil by a brlef CVI 8nd self-wtfficatlon of Ihelr financial situation. Also of relevance to low-income writers is the wealth of free werkshops and surgenes. plus neOrkIng opportunth'es. available io magazine subscribers who become members of mexP Sal(m br just £18 peryear. Care8r enhancement for w0rn8n writers A major reSr¢e fc lurtherir¥J writets. careers is provKled by the Chariws unique Ind Ptsss Guide, v4hth Ilsts Independent book and literary magazine publishers. The 4th EdrtKA) C(1Th$ delails of over 70D presses. including many crganisthns that have kurKhed since the 3rd Edibon. The Ind Pr888 GuNde is d8¥igned to prom wcmnen writws with ts information tsy need to tske th8 first steps on th8 literary careew ladder. The inforrnalion it coniains lon genr8. conlent, f885. subwri5sioTr iequirern8nts. etc.) is norTnally scatt8red in ov8r 700 different websit8S.' th8 Indff8 Pr8ss Guide 15 the only publicatK)n that galher5 this rnat8rral togeth8r in an easily search8d formal. Over th8 years many purchasers have rep)rted tral previous BditK)ns of Ihe GuKle have bew instrurnentsl in their achievirKJ a publishing tjeal. M51exie rnegazine itsdf inclu¢es 8 substantial'careerf sectM. with 8rbdes by industy Profess13 abwl gettin9 published, netsYorkiDg. submitbng, self-publishing and irLom4eneratin9 opr#Ytunrties. The Charity a150 offer5 cafBsf-8nhancing opportunities th8 wnn8r5 awKI finalist5 of ils anvual writing corDpetitlQns. including rnanuscripl f8edback, submission guidance workshcps awKI pewnal intruc1¥)n5 to lilerary wt5 atKJ 8ditors. Winniw 8ntri8s ar8 alio published or lin the case of bwk-length manuscxiptsl ex¢erpled in the mawne. Ls reported earfier. career enhaftÈnt for finalists ol the Short Story and Aash Fiction r2tegories of the FICon COMpetiOn was increased during Ihe year by their publication in the annual anthology, Best Women s Short FKtKrt7 2024. In &KJdiLion, there 15 affip evidence that beg shordisteil 01 k)nglisted in Chartws compebliDnS resulted in rnany fin81ist5 achieving agent represenlatlon andlor tle811 dunw year Communit devèlo mÈnt Mslexia's daily sooal la &XNIty largeted enwilirgs, wih rTh)nthly nti¥a"0n (Elevensesl and career.orient&J IVVrits"ng oppOnIts) newsletters, and the regularfy Changi bkJ and web5iie contenL mean the Charty reache5 an estirnated ovedapping population of around 50.0(K) wcKTEn writW5, wIErever they are. wih lrteTrry infvrmation arwj inspirati. Material aNJ data from women's social me<fia posts and gJNey responses feeds into Ihe Chartty's actiwties on an ongoing basis. This continual l(kand-fro ef Infomialion has crealed the sense of a commurNty ol wntiThJ women. with Mslexia at Its hub. For ex2mple, Mslexia's Facebook following has spawned a specffic Msxia F£cebook Group. which currenlly has 2,50D members, who 8xchang8 advice, experiences and (¥nnS and fumi8h suggesbons for magaTre content. The Mslexia Salon a150 features a fDrurn, where Thembets can intetacl in 16 virtual Room5". EKJht dedicated lo a writing genre le.g.. Chil£Jrvn's FILln, Ptry, ulL l. ¥iyhttu a Ldifl L)r wuIlL1n issu¥ l¥.y.. S811-publ¢thiny. Ivritiny i¥ith Mwtdl Illn8bts. ¥tL'.I. community-building aspect is also included in Wcxnen's WntiThJ Week courses. Thè kjur tutorial groups on the Course are encouraged and enab ed to fixm peer-feedback groups, wh di to fneet regularfy following the course. A blog abcxjt that process, pitched by on8 such on)ing group, is on the M51exia webstte. Page 7
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Societal benefits Sinc8 Ihe launch of Mbltrxi8 msgazine on In18matK)rral Wwen's D3y in 19W, over 160.OIX) p>i8ces of writing have b8en sutmnitled, over 30,000 wotnen writers have 5ub5rribed. anLI over 6.2SO have been published in the tnagHzinp_ Vra its pUicatiDnS, new51etters. website, events and sooal media presence. the Cty is currenlty in reguLgr rmtsct with an estim8t8d 5D.(KX) women writers This t8kes tha Charty's information and @thos far its group of sul)scribS Data for the year in question indicates that these contacls are 1clJ1Y successful in leaching and engagirHJ M5xia.5 consistency, and encouraging them io wriie. edrt and gJbmrt iieir wth. This ad%Js to io tr dNersity of manuscrripts that generate material fow publication, and ultimately enlvens and enrithes the lrternry wealth of s(tty. $8v8n columnists wer8 engaged durir¥J y88r. as part of an oning commitrn8nt to keep the cont8nt fresh. re18vanl. and in kccFMng with dcvclopmcnts in pUlShI and creativity rcscarch_ Thcsc indd Martha Lanc's ne5 on writinc flash fiBtion. Ello Nash's series on self£diting, Denise Rose Hansen on intK>vatsve new publicatils, Kris Johnson's series on innovative lilerdry events. Mary Craig's series on syrrthlism. Safiya RO"n$On'S series creative aThJ Julie F11.$ series about meking literary publicatn$ and events more attesS1e. Future ros l iliree ol Ilie ainbibvns Iisied di Uie BrKI of L4Si ytrar's SiraieyiL RBKKi. iliaL in &MIdior1 10 lli8 Charily s usual proyrdmiii8 01 actiwts"es. have been progressed a5 fdJws'. New CRM.. A teMpry Cuslomer Services Assistant was erJaged to ase capacity for the Adrninistrative Manager to implemenl a prraMme of research and plannino tts rep the exisbThJ CRM system. ANemative systems Investigat. wovhjers inteNiewed, and proposa15 assessed and compared. Work comrnenced li June 2025 and Is expected kn o)mrJete in Februar¥ 2026. ManagEment resilience". Menlonng by the [aIr of 'Jusiees of a new 3-person SenK)r Lea(Jership Team. ¢)perng al a level below the Editor and Finan Director. cornmenced in June 2024. The SLT re ch¥ged wlh preparing an OLrtline for a 3-Year Plan for 202&8, to preseN to the Board in OctoW 2024. co1(all6 wrth Irusiees Ihe developmeni of a budget followed during the subsequent rnonths for a programme that priOrSe<l growth. stat4"lity. outreach and intersectionality. Magazin8 r&lesign.' As reported 8bove, a Raadership SuThey was conduL8d in Marth 2025. as part of 8 review of wnagazine contenls, and prosp8CtiV8 desvJn8rs identffied and Interv¥d. Tt8e5 with leVant profe55K)Tral and lived experience w8re a150 consulted r8garding diversity. 8qualily and InduOn. Th8 r8d85wJn8d fflagazin8. and ratl mat8wials, are dw for wblication in Drnb8r 2025. The Charitys main ambitions for the year 2Q2516 are to oynrkte the three major tssks described atove, ar to embarf( on several new projeGts that ernerged duiin9 the prepaialw of Ihe &Year Plan. TIEse are as On Ihe Road.. A M51ehia tour aTnd -P8rS VlTr3 rA)nl8re at venues in the th8 UK. Eh stop on the tour would corn8e any or all of the f¢10.19 818rnent5". workshop. writir¥J 5urgwy. pand 5S)n. Q&A by PA51exia repreStativ. u5 a kiosk orsiall. Th8 aim of the tour is increase Ihe Chaiiws profi. grow audiences ar eXpkn OPFL¥tunitie5 for collaboration. Indie Press Extravaganza.. A new one4ay.extravanza. event for Sak)n members. in whK they 11 be invrted to pitch their work direct to the edit$ ol indendenT book pu8herS. This 11 proii¢Je an [ernatIVe route 10 wNicatson lor wnlers praciising In gen$ such as poetry and short fiction, for which agent repreSentatn is rwely available. -he ev1 is scheduled to take place in February 2026. as part of th8 mark8tsng campaign ftxthe 51h Edthn of the lThJi8 Press GuKJe. Page 8
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Wofflen's Wrtbng Day5.. A senes ol irrtensive e-daY workslw fjSirvj on speafic toyKs, with an empha515 producing a new pwe ofwork by the end of the <lay- specrftslly a poem. enty to m$xia.$ Poetry Cc¥npetitrJn and one of Ihe SLX free poetry submlssion calego-Es. or a short skny lor entry lo M51exia's ¢hort Story ConpetilTh andlor one of the three srt fict subrni55ion categorie5. Based on the bjhole writer model of the Women's Writing Vleeks (described above). the Ivriling Days prqect wi l offer high-qU?lity tuityon and support to womn unable to attend a we8k-k)ng wrse owing to restrictic6 dve to work andlor G8ritvJ responsibilities. Financial review The ststement ol financial acbvi¢s on page 14 shows a ne¢suWus of £15238 fwthe yew ended 31 March 2025. This Surplus reflects the Charity's Ix)ntinued Comm¢Trt to sustaina.1Ity. ircorne dversifration and cost contrd remaining central to it5 5tr8l8w. Th8 cufflulative Sru5 fro¥n tsking plac8 ¢JuriT¥J UE ygar re5uts fro 3 Combinati of th8 following tnain 8ltm8rts. Subscription income continued to grow. off5etbng a 51ight dedwE in print subp'or. Overall subscription incorne rernalrd 5tTDng at £217.749. Income from C(pe"tIonS totalkd over£101.(X)O. ex¢eediThJ expeclalK)ns due to effectsve outreach aThJ eTrga9efft, Advertising sale5 across tr8 m8g82in8. webste, and r81[ gen8Tr18(l over £34.trfKJ. following a targeted 5818s approach. Interest inGome atnount& lo £10,103. lEnefiti4 ftwn SU51aineO hwjm Inlete51 iales Dll deposit5. Ticket szle5 for M5kxia Wiibry Weeks contribed £36.248, relle(Xing strong dernar for these events. These gains were partialy offset by reCtiOn in predicted Incon from the Indie p88 and a on the Alsl8xia Dry & Pl8nn8r2025 sales. modest shorlfall On the expendilure $e, dI¢t Costs were £307.7. while administratNe tyjsts amounted to £145.202. The cost ol sales saw a 5 pew i)1 increase froni 2024, predoniiiianuy due its irKrease in pr(¥J1)n costs. as wdl as postage & d1siriLNJln costs. Adininislrative costs also Increased by 22 per cent. due io InVmen1 in pe(¥Ae costs plus IT and accwntsnry fees io ensu Ihe effinI runnin9 of Mslexia. The tru518es ar8 S8tisfied with th8 perforrTWE8 of th8 Charity dwing the wKMJ, 8Th1 Ih8 tA)sitI 8t 31 Mch 2025. Reserves At 31 March 2025 total reseN8S 8rÈ £2.571. all of which 3r unrestricled funds. The trusteès maintain Sufflent reserv8S to Ènsure that all liabilitE5 could be tnet in unlikety everrt ttvt hAsIea wasdi5soW. Goin concem The trustees ar8 $8tisfied Ihal the Charity t5 able to ope-ate lor the foreseealAe future, based on known reasonably projecled resources. While donations grarrts can be variable. Ihe ttustee5 believe there rs Suffnt SUP financral resi1nGe to enable the Charty to continue meebrv its IiatHlItEs a5 they fall du8. As a result, the trustees that Ihe Charity remains in a streng tK)n to cmtinue its actiYitiÈs during IhÈ coming year. and Ihal the Charily s asseis are adequate to fuhS1 its obligations. The Lxjard of tnjsiees is satisfied that the Charity's assets in each fund are availab18 and ad8quat8 to fil1 its ()Iigations in resp8ct of eath lund. Page 9
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) structure? governance and managernent Mslexi3 15 3 c(mpany lirnited by guarantee InumbeT 033749411. irKYYP)ralBd on 22 May 1997. and E gover by its articles. 11 k5 alsu rggis18red farity (number 11834101. Qr anisalion The Charity i8 rnanad by the trustees, who Me approyimalely four tirnes a year. Two trustees. or 8 third cl the number cl trustees (whichever 1$ the greater), are needed for a quorum. The INstees who have Seed during Ihe period are set out on page 1. The day-to-day operations of the Charity are maroged by the Edtorial Th"recaor and FITrae Direc. Risk Man The tiustees have overall reswnsibilrty fof iisk Mallent. The chaii awvj treasu[ oversee the prtKes5, monitoring ils scope and effectiveness. Day lo day rewnsibilrty ts nsk marwen¢ is laken by Ihe Editorial Directw and the Finance Director and procedures are rewewed annually Risk is discussed dumg true netingS and wrfh stsff on a regular basis Trus18es Thè Board of Trustees cOndts an annual's11$ aL,dit' of trustees tr) detemiine %thett)er the cumulative Èxperti$È of members continues to fuffil the ¢hawuiThJ needs ol the Charity. New IIuses a recwrte¢J whw an exk5th.ng trustee re5uns or when a new need for expertise arises. Potential trustees are recruited acoyd1 lo ¢yileria discussed and agreed at board meetings. to fufil a need for a specific eXperte andlor expernce. Those who fuhfil Ihe ri8 al that are inteN?W by the thle board Or to being appointed. Relerence and adrninistratlve delails RelErence and admini5ttBtive details ale Set Dut on page 1 and form part olthis repjrt. Small company Ps1On5 This pOrt has been prepared in aCrdOnr with the arWi¢atrAe to oyryianies to the fmall ry)mpanies' exemption. Indopqndenl exarniner The trLLStEe5 have agreecl to reappt UNW LLP independent exarTMner. PaJe10
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Statambnt of trustees, rospongibilibes The tsusteeslstho are Jlso tIE dirg¢toxs of 'eXi8 Lirnttgd. foT the of comp8ny Iwjl are rgsponsiblg for prep8rin9 the Trustees, Annual Report and the finanual stalements in accordance *iih apFlICab law and United Kingdorn ACnIIng Standards IUnitEd Kingthm Generally Acceplgd Accounting Prdctice). Comp8ny law require< the charity trustees to prepare financ481 stslernenls for ead) yearlperiod whh give a true and fair view of the stete of affaiT5 of the rhatilable cotnpany of incoming re[S and 3pF4Kat ol [esour5. indudin9 incorne and Expenditure. ol the charilablÈ tompany for that pÈriod. In preparing financial slaiÈMts. IhÈ trusiees are requrÈd to." select sultae arLounting Folicies and then aprAy thern consistenuy.. observe the methods and prinriples in the Charities SORP., tnake judgem8nt5 and 8sthrnales that ar8 reaaTr8 aThJ prudent". prepa the financial statements on the glyng con¢em bas6 unkss il is inapprcwriate to yesunk that the trill continue in business. charity The trustaes are responsible for keeping proper ac{9 recards that disdose wilh reasonale accuracy at any time the financol position of the charitable cotnpany atKI to enable them to ensure Ihat the financial staternents comply with Ihe Companies Act 2006. They are a150 responsible for safeguarding the assets of thE chatttable company and hence taking aSonable step5 for the pTrvention and detecti Dffra and other irregUribEs. Approved by order of the trernt)ers of the board ol twstees rm 18 Drnb 2025 and $Jned on their behalf by.. D•bble Taylor Trustee PaJe11
Ind8pend8nt examinerfs report Year ended 31 March 2025 Independent examinerf$ reportto the trustees olM$kxia Publi¢ation$ Limited Trhe ¢rJmpanrf) We rew)rt10 th8 tharity tru5te8s on wr 8xarnlnal1( 01 th8 arjnts ofth8 (x>mpany for th8 Yearend 31 March 2025. R•$pon$ibililiès and basis of roport As the trustees of the company laThY rts directors for Ihe purtM)ses of company lawl you are responsible f the preparation of tr accounts In accordants ith the requirernents CO¥llpan Aci 2(rfJ61'the 2006 Act'l. Havlng satisfied ourselves that the a¢cwnts of the ¢(panY a not to be audited under Part 16 01 the 2006 A¢t aml are ellgible for independÈnt exaMinatn. we report in respect of Èxaminatitin of compan¢s accounts tarriéd out under seetion 145 of the Charities Act 2011 I'the 2011 Arfl. In Carrn9 out our exarnination h8ve folkjwed the Dir8CtK)ns given by the Charity Cullmission under sgdion 14515llbl of the 2011 Ad. Independent examiner$ statwnent Sinc8 the companys gros5 income 8XC88d8d £250,(AXJ your 8xarnirw must b8 a m8mb8r of 8 body Ited in Section 145 of th8 2011 Acl. We ¢onlimi that we art qualttied to un<lertake the examinaiion because we are a MeMr of the ItitUte of Chartered Accountants In England and Wales. which is one of th8 listed tleS_ We have cornpleted our eKamination. We ufirrn Ihat no mallers have corne to our attenlK)n in contlection with the examination giwing u Cause to believe= a¢counling records were not kept in respecl rA the (x)rnPWy a5 requi1 by wtk)n 386 ot the 2006 Act; or the 3¢counts do not ac£ord wilh th)se reo)rds." or the accounts do not ccmpty with the accounti requirernents of secbon 396 ofthe 2(kn Act other than any requirernent that the accoun15 gre a'true and fairf view vthich not a matter consKlered as part of independenl examination., or the accounts have not been prepared in accOan wtth the Theth(yJs and Princi ofthe Statement of Recornmended Pradice for awounling and reporting by chanties appluble io ¢Paril es ppann9 Iheir a¢counts in a¢cordan¢e with the Financial Reporting SlaThJard arWi¢able in the UK and RerA1b1 of Irdand IFRS 1021. We have no concerns and have come acro&% no olFEr rnatters in connectian with Ihe exarninab'( io attention should be drdwn in thi5 report in orderto enable a propef under513ndiDg of accounts to be reac*. Pe 12
Ind8pend8nt examinerfs report (continued) Year ended 31 March 2025 This rerort is made solety to th8 companys trustees, as a try. in accordan( with Part 4 of the Chariti8s (ADuntS and Reportsl RegulatlONs 2008. Our work has been undertaken so that we mwJht state to Ihe compan15 tnJ8tees those matters we are required to slats to them In an Independent examinerfs retK¥# anrj f( no ouw wrFM)se. To Ihe fijlksi eTht pMItted by law. we do not accept or assume spon5ibility to anyone otherthan the company and the cc#npanrfs trustees as a tKMJy. for our wcrfk or lor this retN)rt. Signed.. Datsd.. 18 D8(xmber 2025 Anne Hallowdl Bsc FCA DChA UNW LLP Newca5tl6 upon Tyn8 Pe13
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Statement of finClaI activities {incorporating income and expenditurg account) Year ended 31 MarGh 2025 Unro$trkted fvnds 2025 Totsl lunds 2025 TolBI fund$ 2024 Incorne from: Dtsnations and legacies Charit8bl8 actwilies 1.784 1.784 1.669 454.558 454.558 428.511 Other trading activities Inte$t receivable 1,715 1,715 771 10,103 10,103 11,585 Total incomè Expendlture on: Charitoble actwities 468.160 468.160 442,536 452.922 4S2.#22 413,348 Total 8xp8nditur8 452.922 452.922 413.348 Net movement in funds 1&238 15.238 29,188 Reconciliation of funds: Total funds brLyJght fi*watd Net mvernenl in funds 269.333 269.333 240.145 15.238 15.238 29,188 Total funds Garried forward 284.571 284.571 268.333 The Statement of financial actbvities indudes all gains arKI k>5ses recnIsed in 1he year. The no18s on pag8s 17 to 27 form part of th858 finanoal sta18nts. Paje 14
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Balance sheet At 31 March 2025 2025 2024 Fixed assets Intan9ible a5ts TangitAe assets 8,257 4,242 3,352 7.492 12,499 10,844 Current assets Stock5 500 Debtors 16.724 454.976 14,888 431,377 Cash èl bank and in hand 471.700 446,765 Creditors.. amounts falling due wilhin one year 10 1199.6281 1188.2761 Net current assets 272.072 258.489 Total a55et5 less current liabilities 284.571 269.333 Total net assets 284,571 269,333 Chartty fund5 UnreslrKted funds 284.571 269,333 Tal funds 284,571 269.333 PaJe15
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Balance sheet {continued) At 31 March 2025 The ilpanY imas enbued to eXeMplrn from audit wtM)n 477 of the CThnpanies A¢i 2(X)6. Thè membÈts have mt requirèd Ihp cotnpany 10 obiain an a111 forthe w in quest in atcordantè sÉetion 476 of Companies A¢1 2006. The tslee5 8cknowl8dg8 Ih8ir r85FX)nbl1rtl85 (X)MplTrg with th8 r8quir8ments of the Acl wilh re5P8Ct to accounling r8cords and pr8P8fdtian of financk31 stalemenis. The financial siat8riwt5 h8v8 b88n prepar8d in accordarKe wtth prows5 3ppIK8ble to entitie5 subjecl to the Small companies ragim8. The financial 5tatetnenlS We apptoved aThJ aUtt¥j IL¥ tssue by Ihe trustee5 on 18 Denbel 2025 spJned on their behalf by.. Debbie Taylof Truste8 comnY Wister number.. 03374941 The notes on page5 17 10 27 fortn part of these finanoal stalemerts. PaJe16
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 AccotIng policies 1.1 8a5is of preparation of finanual staternents Thè finarrial 8tat8m•nts ha baen prepared a¢c£dance with the Charitses SORP IFRS 1021. Accountiig and Repotting by Chari'.ies". Staletnent of Reccwnwner¥Jed Practs. aptAicab to tharities weparing their accDunt5 in accoidance with the Finan¢ia Reporting Standard appli¢aJe in Ihe UK arKI Republ of Ireland IFRS 1021 (effective 1 January 20191. IhE Financial Reporting Standard aWi¢ae in Ihe UK and Reputli¢ of IrelaThY IFRS 1021 and Companies Act 200fj. Islexia PutJi¢aiions knmited is a ¢haii¢aNe company linmJ by guarantee. lSte in England and Wales. The chatlty meets thè d&finibon of wblic benefrt enbty unthr FRS 102. Assets and liabilthe5 are initially recogni5 at histOriLzI (x)5t of tsan5adK)n value unle55 Qthew5e 51ated in the relevanl ounting pdicy. In accordance wlh FRS 102 la5 rew5ed by Wate Bulletin 11 the charity has nol presented a 5tatetnent of cash flows, a5 th8 tharity15 small. The financial statements are presenied in sterfing which is also thts fijnlOnal currerw Jf the ¢hariiabè company. The monetary anunt$ in these finla1 staterrents are rounded lo fte8$t pourKI. except kyhere otherwise indicated. 1.2 Going conc8m Financia Reportsng Standard 102 requires, rf apprwiate. the chty,8 financial statements are pr8pared on th8 going concern basis. whth means that the charity is able to 0rate for the foreseeable future on the basis of known and r88Sable proiect8d resources. Ther8 are no m8t8rial un(xrlaints"es in respeL of the charity's ability to continu8 85 a going concern. Although the nature of donaK)ns and grants can be difficull to forecast. the trLEtee5 believe Ihere is sufficienl support lo the charty to enable the chairty to continue to tneet ts liabilities a5 they fall due. A5 a result Ihe going concem basis of accnng is appropri8te. 1.3 Income Income is wognised in the peti(Kl in the charitswe c(mpany has entiuement to the fvnds, any conrfitions attached to the income havÉ been mel, it is probatAy that lie JnccMne wjll be recAved. and the amount C8n be ff.easured reliably. Don8ts"ons andwants In¢ome trom donat9 and grants. iU13 caFxtal grants. induded in inwme when Ihese are leivale. except as fdlows.. - When Ihe dMors ¥wify that donatirmis grts given lo the tharity must be rnea5ured in future accountsng reriod5, the in(Th18 15 defeed until thos8 1]d5. - When donors impose conditions whh have to be fulhlled before Ihe Ll)arity becomes ented to use such incomè,the income is deferred and iud in Incc¥mity resoLces unts"I the Pr&(dit$ use have been met. PaJe17
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 AccotIng kNIlici88 (continued) 1.3 Income Icontlnuedl - ijon(Ks $pe(afy thal donsborks 8nd gTawbts. induding G3tyt819rants, are for parbGular re¥l[ed purp05e3, which do )t arnount to pre-conditS regarding entiU8Thnt. ths incorn8 15 Incl in Irx)rr of restriitsd funds wrn rec8ivabl8. Income from chaniaole actmi Incomg from Charitsble 8ctivitses is renised in the 4aterrent of finanraal adivities ¥vhen Servi is provided. Investmeni ineome Inte$t on funds h on dewsit is includeil Yfvhen re¢eNab and ItE annt can be measUd reliatAy by the Charity., thls is norma ly utKJn mIr1¢tKIn of the interest pa or by Ihe bank. 1.4 Expenditur• Expendiluie is all considered a5 expetmliture OTr ch2ri1abk activth'&%. Expendilure is recojnised orn there is a legal 01 construd.ive obligation to make a payrnent to a third party- it is probable t31 settlement wil be required and the amount of th8 obligatK)n be rneasur8d r81rabty. Resou$ expended are induded in the statement of financol a("vth"es on an accruals basis. exclusNe ol VAT. They indud8". . charie expenditure which ¢miSeS iw o)sts irKJJrred by the thanty in the delivery ol ts actiwlies and services its benefiCiarS. - Governance costs 2re those cnsts asso(#ated wth meetiro and rlitu.On0l aTh1 statutory reqU1ments of the charity and include the costs linked to the Strateg manrnent ofthe tharity. All costs are all(ated between th8 expthiture CateIneS of thè ternent of finala1 activi1188 on 8 basis designed la reflect the use of r8source5. 1.5 Employee bpneffts The costs of short-temi employee benefits a re¢tr)nised as a Ikabilty and an expense. unless these Costs are require(J to te capitalised as an int8ngiLle c kngible red assets. Certain etnployees arE entItd to carry fDrward unused htaY eTrtlement at the reporling date. The c05t of any unused entiUem&nt is recognisèJ in the perm1 1) which the employee's are required. 1.6 Rthrement benefits d8fIn contribution schemes the arwunt thargej to a1 exp8nditur8 1$ the fA)ntrItMJtnS payable in the y88r. Differences belween contribuiK)ns pa in the year and contribu0$ aclually paid are shown as eilher 8ccruaks oi prepaYrrls. PaJe18
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 AccotIng kNIlici88 (continued) 1.7 Fund a¢¢ountl Rgstrictsd lunlts RestrictpAJ fvnds have b8en PTovided to Ihe charty for patrular wtPOS8s. The tW5tee5 cwefully Tnonitor Ihe aW)lltion ol thes8 funds in rdar6 with the res10 pia(xd upon Ihern. Unrestiicted The charity m21ntains a general unrestricted fund represents fvnds which are expended at the discretion of the trustee$ n furtherence of tre c4)jectives of the-h8rity. 1.8 Intangible assets and nortisation Intangible assets are staled al Cost less accumulated arnolfjsalor and accumulated Impalrment losses. Amorusatlon Is provid8d on intangib18 assets so as to writ8 off th8 cos1 of an as58t OV8r its est11Tt8 useful lif8 8s follows.. RebrandiThJ 25% strawht lin8 Website 25% straight line Amortisation of CaFXtali5ed dÈvekyTnent eXpEIlure ¥ill begin whon thÈ asset is availab for use. Arncrftisation is included in expenditure on thailae acVIe5. in Ihe staterrnt of finanr#al activthes. Asset resKlu81 values and useful lives are revieWd al Ihe of each le'ng period. and adjusted il 8ppropriate. The effect of any ch8nge arUnted lor Fyospeifvdy. Researth and develowent In the researth phase of an intemal p¥oJect. il is noi possible to derrK)nstrdie that the proi&i will nerate future economic nefits. aThJ hence all expendi on research is recogni8e£l as an expense when incur. Intangible assets are retognisèd from IhÈ dÈv8k)pnent Kthase of a pr(4ect when all of the lolowing ttiteria are mèt.. it technKxlly fe8*ble to the so that li 11 be aVailae for use., managemwt intends to Compte the pft)p there is an abilty to use or Sell Ihe a5seL il can bt7 demstrated h(M the asset will generate probable fuknre economic benefits.. adequate, technic41. fin8ncial and other resourc8S to comp18te th8 proivt are available." and the exp•KjitU attnbUtse to the pro¢lua during its devdoprrent (an be reliably measure(l. 11 il Is not W53ible lo distinguish betw reseorGh atyj deVe[rn1 pha5e5 gf an intEtnal projeGt, the expenditure 15 tr8at8d as if it wer8 ifAIrred in lh8 res88rth phase only. PaJe19
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 AccotIng kNIlici88 (continued) 1.9 Tangible fixed assets and dePclaI10n TangitAe fixed assets ar8 Staled at cost. ks accumulated depretiation and 8ccumukied imp8imient losses. Depreci&tion is provided on all tangible fixed assets at rates cakxJL4ted tD write off the cosl ol ffixed assets, less theii es1irnal Idual valuo, ov8r their 8StThat8d useful IrS as frkS". 0fe equiptwEnt 25% 5ttaight4ine Asset jUa1 values and useful lives are wiewed ai the of each Eth"ng period. and adjusted il appropriate. The effect of any change Is urnted for IpeciVy. 1.10 Financial ingtruments l of the charity's financial assets and financBI liabilies qualify as baC financial inslruments. Basic finar)ual instruments are initially recognised at tranSCCti alLE and 5ubsequenty yaSured at tr settjetnent valu8. 1.11 Cash at bank and in hd Cash at bank in hand indLwJes 4Jsh and fixed temi Inves1nts wth mabJrity olone year or less from the opening of the LÈpowt or siinilar accounL 1.12 Liabilitie5 and wovi5ion5 Liabilities and ty0vis$ are rewnised where ihÈ tharity has 2 present D19ation iesLllin9 from a pasi evÈni thai will probably result In the transfer of all fvnds to a third rAgrty and the amount to settle the obligaDon ¢an be measured esbmated reliabty. Lia'lle5 and prowiskMS are nomiaty recognised at their setderrnt annt. Income from donations a1 legacies Unwestricted funds 2025 To1 fun 20 Donations 1,T84 1,784 Unrestrited funds 2024 T01 20 Donations 1.669 1,669 Paje 20
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 Incorne from charitsble actlvitie5 Unre$trl¢t•d funds 2025 Tol fun 20 SubSGrptn. trnl and di9ital revenue Advertising revenue Educalw and etvJagwnent 239.994 239,994 35.055 35,055 179.509 179,509 45L,558 454.558 Unrestrthd funds 2024 T01 fur 20 subscrStn. wnt and digital revenuE Adverti$iw revenue EdUc2tn and engagnt 225,779 225.779 35,B14 35,814 168,918 166,918 428.511 428.511 Income from other tradlng actlvlNes Income from non charltable tradlng acbvitks Unr8Strlct8d funds 2025 Tol fun 20 Royalties 1,715 1,71$ Unrestrited funds 2024 T01 20 Roy21ties 771 771 Paje 21
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 Analys15 Ot exPen¢tUre by activkie5 A¢Uvltl•s undertaken dirertly SupK)Ort costs 2025 2025 Tol fun zo Funding to advance the educ2tk)n of the wbl¢ in the subi8d of Ihe literary arts 307.720 129.676 437.39fj Govwwn¢e Ix)sts 15.526 1 S,526 307.720 145,202 452,922 ACtNit$ 701 fur didIY 2024 Support costs 2024 20 Funding to advan the edw8li)n oflhe wblc in the subJ"e£a of the litary arts 294.549 107 910 402.459 G0Vwn o)sts 10.890 10.890 294.$49 118.800 413.348 Expenditure on charitable activities £452.92212024: £413.3481 of £452,92212024.. £413,348> was nrestriCted and £nil12024.. £njlt was res11ted Paje 22
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 Analy515 of expenditure by actiwties Icortinuedl Analysis Ot Support Costs Total funds 2025 Tot81 fund5 2024 Support staff costs Rent 60.128 50,696 7,465 3,897 Bank charges A(fvert15ing and marketitvJ Insuranc8 9.973 9.897 1&736 17,307 1,108 1.224 Computer maInanCe Printsng. postage and $tatKx)ery Telephone and internet costs Othgr suwh)rt costs Websrie maintenarK* 16.647 B.53S 478 263 1067 1.272 4167 1.456 4,282 1,028 Amortisalion and deptsatiOn Govemance costs 7,335 9,625 1&526 10,890 145.202 118.800 Sloff Gvsts. trustee rwmungrollr)n gJKPgnS95. awNI thg of kvy rrYana9pmenl pHr5onnpl Staff costs 2025 2024 Wage5 and 5akries Social sewnty Costs other rtss 149,J86 7,420 3.281 131.986 6.459 2,957 160.089 141,402 Paje 23
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 Particular5 of employee5 The MthlY a¥age number ofstaff K4yed by ts thanty during the yearanY)unts to". 2025 2024 No. Managertni aw¥J adtwinislratioTh staff No employees earned in excess of £PAI,000 thring year F024: Enill. No expenses vlerg reinbursed to Ihe trust885 during the ye12024 £nill. Key management personnel The key rnanagent Fwsonnd ol Ihg chawity are listed on page 1. The totsl amount recewed by key management persDnnel for their services to the ch3rity wa5 £31,17612024.. £45.370}. Intangibl• assots ReE*andlng Total cost Al 1 April 2024 Addibons 8,591 14,671 23,262 8,257 8257 Al 31 March 2025 82S7 8.591 14.671 31,519 Amort15atlon Al l Apni 2024 8,591 11,319 3.352 19,910 3,352 Charge for the year AL 31 Marth 2025 8.591 14.671 23.262 Nat book Value Al 31 March 2025 8257 8,2S7 At 31 March 2024 3,352 3,352 Paje 24
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 Tangible fixed a55ets Offl¢e equlpmert Cost At 1 April 2024 Additic$ 1S,$04 733 Al 31 March 2025 16,237 Dèproelation At 1 April 2024 Charge for the year 8,012 3,983 Al 31 March 2025 11,995 N•t book ¥alu• Al 21 March 2Q25 4,242 At 31 March 2024 7.492 2025 2024 Trade detAor5 6.693 9,302 Other (*btor5 116 Prep8ym8nts and accrued lyar 10.D31 5.470 16,724 14,888 Paje 25
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 10. Cr•dittsrs: amounts falling vrithin on• y•aY 2025 2024 Trade credit 31,346 9.455 1,311 9.563 2.242 Other taxation and 50cial security Pensic¥) fund loan payab Other creditors 1,164 63 Ac¢ruab and deferred income 157,516 174,244 199.628 188.276 2025 2024 Deferr incorne at the stsrt of the year Resources defEe during the yeaT Amoun15 re18a58d from pr8¥K5 P8rS 94,70S 96,624 194.7051 88.620 94.705 188.6201 Deferrèd Income at the end of the year 96,624 94,705 11. Sumrnary oflunds Summary ot funds- currerrt year Balonce at 1 April 2024 Balance at 31 March 202S InGom• Exp•nthtur• Genera fvnds 269,333 468,180 1452,9221 284,571 Summary of frJnd8- pr10ryr Bala at 1 April 2023 Ba8n¢g 81 31 March 2024 Income Expenditure Genera fvnds 240.145 442.536 1413.3481 269.333 Paje 26
Mslexia Publications Limited IA ¢ompany Iwnited by guarantee) Notes to the financial statamgnts Year gndod 31 March 2025 12. Retirernenl beneffts The charity Optsrales a defined c£w)tribulth rengon scheme fw all qualitying employees in the Unite(l Kinwlom. The assets of ihe scheme are held separately from I)se of the charity in an independenvy admiThstered fund. The conlribLJtior6 payable by the charity expensed lo income and expenditure amunled to £3.03412024: £2.9571. The outstaD(h'ng amount payable at the year end was £76612024". E1.164}. 13. Le9al status ol charlty Th8 tharty is a cx)rnpany limit8d by guarantee and ha5 no shar8 &gpital. In th8 ev8nt of the tharity being wound up, th8 liatmlity in sped of the guarantee in limtLed 10 £1 w member of the charity. 14. Taxation The charity is exempl Irom lax on eme and gains lalling thin sett)n 505 of th8 Taxes Act 1988 or Secbon 252 of Ihe Taxatson of cforgeabk Gains Act 1992 to the exteni that these are apie0 to its Charitsble objects. 15. Relatsd party tran$actions During the year amounts outlined below were paKI lo trustees. in their capacity as consullants to Mslexia Publications Lirnited. These payrnets were at artns lffjh atvj on nowThal c(¥nrneraal terwn5forlhe aL*vttEs provided. 2025 2024 Debbie TaWor Lucy Nrhol Claire Hynes 31.176 45.370 1,775 3,000 4DO 3,000 34,576 50,145 PwJe 27
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