Registered number: 03374941
Charity number: 1183410
Mslexia Publications Limited
IA company limit•d by guarnnt••)
Unaudited
Trust￿5. 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 fina￿la1 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 Ma￿h 2025
Trustees
Laure Btcx)ks
Julie FaThell
aaire Hynes
Audrgy Mocnaughton, CPoir
Fwa Newbo￿Ugh
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
Ne￿as￿e 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 lina￿￿￿1
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 Compan*s Acl 2[￿ and Ihe reqLiremenLs of AcxAJnbr¥J and Reportsng by Charities Stat8menl
of ReLTIHITieiided Pr￿tice, applicable lo charities FxEpariwwJ their aEcvuntS' ili atxotdatKX the finan(ial teptxliiiy standard dpplicable
in the UK IFRS 1021.
The char￿Y'S full name o ￿￿￿XIa ￿￿1¢at￿nS 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 pron￿le equality and dwersity for the public benefit by
advancing g8nder 8qualty within th8 literary field MS18￿ pUbl￿h8S educational rnat8rials. both on-lin8 in paper fomiat. and
progr8mme$ workshops. readings. surg8ries, Q8As arKI knures. to knrth8r Ihese 1*48thves.
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 aCh￿ve those aiwns. rneel IIEse pnnca￿es.
A¢hieYements and performance
Publi￿￿.0nS
The Charity published four editions of M￿e￿a magazine duriThJ Ihe rerDJ in question lin June 2024. Sèptember 2024. December 2024
and March 20251. The magazine is aVaila￿e in wnt and d￿1181 formats.. tse are also aCtesSib￿ edits.ons In both formats. ComMi8s￿n$
within the magazine r8fl8Cted the Charty's orvJcMrvJ commitment Io equalty. diversity and i￿USIOn.
The lead 'age￿ja, artLles in the four edrt￿$ wefe as lollows. an ènatysis of writing {￿)peb.tth5 (Marthl, an exaniir*tiDn 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 r￿￿18 IDecembwl.
The magazine will un¢ergo a ra)mpleie redeS￿n 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, SC￿la1 m8dia presenc8,
Stat￿nery. 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￿ rffirtl￿És in thÈ WI￿ puNi%hin9 enyironmÉnl_
Page 2

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Preparations for the 2D25 rede￿g￿ began during January 2025. TtrEse inclL¥Jed expert consullatK)ns, interwiews with possible designers,
and a Readership Survey in March. Twenty per tent of eIWJ￿e 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 sI￿J￿Y 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 ￿l￿Scri￿rS buy thg digital ￿ltM)n) During thg wr in tpgstion th￿￿ a six pgr cént
increaoe in Salon m￿nberShIp 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 p￿VIouS year.
The 2W25 edib.on of the annual A4$leX￿ Trary & Plannerrf to press in August 2024. This is the third edition of this unique publi¢ation.
which combi￿5 th8 usual diary feature5 *ith cxeativity rKompts 8xerrys8s. a directory of wriler5' rèsou￿9$, 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 p￿ViouS 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 a￿j wtAi(ity lor featwed auttK)rs. Sales in(xeased by 14 per cent CoMpa￿d 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 w￿￿etiOn 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 avaIla￿e In any other publi¢aiKYi. 11 ￿ avail&)le 10 ￿rd￿se 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 CoMpan￿S b2ing launched or of t￿￿nesS every yÈar. ThÈ 41h Edtbon includÈd 305 Com￿etelY 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+0r￿nted Writing Opwrtunities.
which lists subrni5sion callouts and compeknbon5'. aThJ the ttYJtvabJnal E￿Ver￿s. which aitns to provide ongoing er￿l￿nal 5UPPOrt to
women writers. These free rEwsletters a￿ very Fx)puk8r. ¥4ilh op14ns of over 27.Th￿ (wnb.￿ Opport￿lt￿e$l and 20.000 IElevensesl.
r8presenting increases of 9 and 10 per cent respectively during the year. The <yn r8t8 for new518tters also increa58d." trom around 45
per cent for bolh n8wsleiters, to 53 and 59 per c8nt reS￿tiV81y. Thes8 are 8xceptional fKJur8s la 'g￿￿' open rale is (x)nsid8r8d lo b8
17-28 p8r cenll, and d8monstrat8 Ihat th85e fr88 re8ourc8s ￿￿Juc￿j by the Charity are highly 3ppwa8d by krg8 numbers of worn8n
writers.
En(x)ur8ging women at every stag8 of th8ir (xr88rs lo 1x)M￿ete and submrr V*ri￿.ng is 8 core 8irn of th8 Ch8rity. For thi5 r8850n ther8
8r8 Gurrently 23 fre8 submission c818gories in M5 8x18 mwJazine. ranging fr(xn beginn8r48vel 18.g.. 100-word rni(xo-fictK)n. four-lin8
Insta-PDem, 300-word blog posti io avanced13.LVJC-word lead artith. 20-23-￿M pamph￿t. fu114ength novell options. The vast majtsrity
of these cale&￿e$ are open to nOn-sU￿riber$. and therefo￿ offer putAicatth opportunit*s 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 Submi￿On5 acros5 all catwe5'. trom 2,914 in 202314 to
3,872 in 202415. This indicates that the range ol free submi￿On 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 W￿rage w0n￿n 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 t￿t I￿luded 5uL6iantitl cash ar￿￿￿ts. 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
chI￿ren and Young Adulls Ino length reStr￿￿nI. The Th¥0 poety c4)mpetiiK)ns were lor Single Poems lany lengthl and lor Poetry
Pamphlets 120-23 p￿rn$1. A total of 6,232 entries were received overall. Th￿gh some wrrters will have entered several differenl
cornpelitions, this figJre suggests that arourml 2.000 women wets ard 3,000 fictio￿ w<)men writers engaged with the Charity's
compelitions duriTrJ the year.
TherB is a sepatato prize for a prev￿$￿ urwblished px)el in th6 Single Pown C(xnpeb"b"on. as an added in￿nI1Ve to Ery￿rging 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 SUpp￿t all ap￿￿d.
The prize for th8 Poetry Pamphlet C￿￿Petition inoludes wrt)liratK)n of ihe Winning pat￿￿18t by a leading po8ty publi8her, the edit￿ ol
which a150 jU￿8s th8 crxnpelitirm. The putrA￿al￿￿ pariner for thi5 rA)mpettbon 15 8bod8X8 Books. and the judge is the award-winning
poet and Bkx￿axe 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 reCip￿ntS dLJring Ihe year in
questicn.
Even15 and outT8￿h
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 Msle￿a website, where meM￿rS can share th￿r writirYJ. access reS￿rCeS and di50JS5 issues in a series ol
virtual chairooms. Salon members ate also eligible to att￿￿ Ihe ￿11￿& events. which include fartn￿h11Y wriD"ng wc¥*shops, ialks arKI
surgemes. wed(ly'write-Ins'_and the annual Agw)t ￿travaganza. at which Y￿n 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 SKJni￿arnt 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 rnaga￿rne 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 orgav15ati￿s, the price of a sal[￿ rnetnbership wa5 increased in
June 2024 from £12 to £18. The increase- tre first in eighl years- was IM￿erI￿nted 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￿ oppC￿tunlt￿S 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 organiSat￿nS 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 cont￿1 wthiiloring and saleguards. the p)pularity of tho plafform has plummeted among
users whose gtbtudes align wrth those of organisatrjns such as mSle￿a. 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 soc￿31 media content focuses m2inly on inspirab"on, erthuragernent, adv(￿rY, and links with Ot￿r liler2ry org8nisalions'
rnaterial, with a rnode5t proportion120 cent) of messw devoted to marketing the Charty's publi￿tic￿8, events and cornpetitions.
These olatfomis Ihererre extènd the CO￿ edu(ati(¥)al aims of the Chanty. as well as h￿p￿0 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(om￿ts0n 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 y￿WS 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 rna￿1 to infomiation on the sile ￿thout inlertupting il.
Fundraign
No fundraising twk FAace duri￿ th8 year in que5tK)n.
Page 5

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Encoura
submis&Jn5
During the year in yue51ion. th8 Chaiity ie£eiv8d over 10,100 indiv<Jual pi8C8s of writing fr(Mn, an itKxease of 8 1)8r cenl on Ih@ previous
year, thus corrfirtning Ihe Chanty's o)nliTruing fulfilrnent of one of 115 key aims, 15 tD addres5 Ihe well-docurnenled reludancp ol
women wtiters. ¢omp8red wilh men. lts offer tsirwribng for putrAh2bon.
The 23 Iree subMis￿On G8tegOr￿ for Uslex￿ rnawne ￿e deS￿ned to appeal to Ihe wdesl range of women writers, at all stages 01
their careers. They include pyjetsy, ficbon, ￿e[￿l[. narralThe nonficti￿. illustration and punalisrn. The thenEs of fwe of these cale9ories
are changed quarterfy to maintain a￿1 ￿lynite interest. Women may also gJbNit wnion pieces and piich a￿e proposals and blog
items. F￿r new submission (ategones. exduswe to m￿eXiaS 3.178 Sak)n n*mbers. weo &Jded during the year.
I submis5ion5 rec8ive an automatic ack[￿￿Men( Ihos8 thal are not SUCCeS5ful re￿ve a tim81y rej8Ction. In th8 case ol
subrnissions to thc thcmcd 'Sh(wI￿Sc. section in thc rnagazinc. thc rcjcctM)n Icttcr indudes information about thc malcnal Ihal was
submitted on that occasion. along with athl4￿ op comrtK)n issues to address when producing a fresh draft. In the case of other
submissB)ns, the rejecbon lefter itemises the new submission slots and ltsis those that have receNed relativdy few submissAtsns. The
purpose wrth all reie¢tk)n notifications is lo provide u5efvl feedback and e￿)Urage future $uthisgons.
Further enCOurage￿t was provid81 by a variety of drfferenl etroil mailing5 during the year. lo the 27.000 women ¥wilers who have
5vJned up to rec8we Ivriting opportuniti8s' communi(xtion5, induding be5￿ke writing gJidan(x fumished by 18adiry authors. Authors
providing this guid8ne8 duriryJ the y8ar i￿JUd￿j El￿ MCNKMI. Jan8 HirShf￿ld. arKI L￿8 RI￿￿.
As in previous years. a S￿la1 prize lor a p￿v￿X¢1Y unpublished was offe￿d in the single poem in category of the Poetry
Competil*)n. again lo address the r* that many talented women writers are rduclant to submit their work. The Charty is (tnsidenng
whether to extend this incenb.ve to Ihe short ￿"e$ in ils Ficbon Compets"ti￿.
The'Forum' arKI 'Cre8tivity & W811b8ing Sections in M￿8X￿￿ magazin8. akng with the E￿￿enseS neWS￿tter Ivth th 15 r8c8ived by 20,000
opt-ins 8ach monthl. f￿uS especially on the difficutri85 many woThn vrrit8rs experi8n(x in terrns of ther rnotivation, confidence arKI Irf8
situations, with advice for overcotning those difficul￿"e5. These iietn5 ate inlended to encouiage women writer5 to continue with Iheii
wribn9 and to submit theirwork_
Increasi
diversil
Throughout the pewK)d. the ￿arity cantinu8d lo ask all woThn pul41sh￿ in the Trwgazin8 to (yJllpl8te a diver5ty rnonitoring fowwn. The
a(xumuL4t8d data is analys8d ￿ an annual basis. 35 part of an ￿￿K)ing looJs on oiv8r5ity
Diversity is a set item on the agenda of the weekty slaff team meetings and 6 a we ￿te￿Tr for editorial c4)mmiSs￿lng. Images use(1 on
the websile and in Ihe n￿az￿e ale sekGted to teflvA the Charity's o)mm*Jnenl lo ￿￿er￿ty.
Hel for low-11￿me writers
The Charity continued lo offer digtsl subscripti￿& wa Exacl Edkns. a5 a cheaper alternative to print subscriptiotE fLY low-incowne
women. IA digital subscription. whth inclLyJes access to all past iSSL*S. C(6ts £22.99". a K¥int subscriptK)Tr costs £24.75.1 At the year end,
digitsl sales numbered 735. Ir6btutDnal Slbscript￿S m￿n that Mslexia magazine is avaibt4e for free at 10 central and universty
libraries around the UK.
As rnention8d 8artier, the Charity (x>ntinued its.Sp(x￿red 8ntrf sch8m8 for knw4ncixn8 writ8rs during th8 y8a". Invitir￿ iJon81ions from
wornen WTiters to en8iAe other5 to enter the p￿tILl￿) of fiction wetry Cornpetit￿s. Eligiblity for Sponsorship is delertnine(J by a
simple and noTh-intruSi￿e sdf-certficètion form.
Page 6

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
In 8ddition, hvo 100-per-cenl bursan8s wer? Offer￿ for eath of Ih8 wr￿en.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 ne￿OrkIng opportunth'es. available io
magazine subscribers who become members of ￿ m￿exP Sal(m br just £18 peryear.
Care8r enhancement for w0rn8n writers
A major reS￿r¢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 Profess￿13 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 intr￿uc1¥)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 enhaft￿￿Ènt for finalists ol
the Short Story and Aash Fiction r2tegories of the FIC￿on COMpeti￿On 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 be￿g shordisteil 01 k)nglisted in Chartws compebliDnS resulted in rnany fin81ist5 achieving
agent represenlatlon andlor ￿t￿le811￿ dunw year
Communit devèlo
mÈnt
Mslexia's daily sooal ￿la &XNIty largeted enwilirgs, wih rTh)nthly n￿ti¥a￿"0n (Elevensesl and career.orient&J IVVrits"ng
oppO￿nIt￿s) newsletters, and the regularfy Changi￿ bk*J 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 Ms￿xia F£cebook Group. which currenlly has 2,50D members, who 8xchang8
advice, experiences and (¥￿n￿nS and fumi8h suggesbons for maga￿Tre 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 FILl￿n, P￿try, ulL l. ¥iyhttu a Ldif*l L)r wuIlL￿1n￿ 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 pU￿icatiDnS, new51etters.
website, events and sooal media presence. the C￿ty 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)scrib￿S
Data for the year in question indicates that these contacls are 1￿c￿l￿J1Y successful in leaching and engagirHJ M5￿xia.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(t*ty.
$8v8n columnists wer8 engaged durir¥J y88r. as part of an on￿ing commitrn8nt to keep the cont8nt fresh. re18vanl. and in
kccFMng with dcvclopmcnts in pU￿lShI￿ and creativity rcscarch_ Thcsc ind￿d Martha Lanc's ￿ne5 on writinc flash fiBtion. Ello Nash's
series on self£diting, Denise Rose Hansen on intK>vatsve new publicatil￿s, Kris Johnson's series on innovative lilerdry events. Mary
Craig's series on syrrthlism. Safiya RO￿"n$On'S series ￿ creative aThJ Julie F￿11.$ series about meking literary publicat￿n$
and events more attesS1￿e.
Future
ros
l iliree ol Ilie ainbibvns Iisied di Uie BrKI of L4Si ytrar's SiraieyiL RBKK*i. iliaL in &MIdi￿or1 10 lli8 Charily s usual proyrdmiii8 01
actiwts"es. have been progressed a5 fd*Jws'.
New CRM.. A teMp￿￿ry Cuslomer Services Assistant was er*Jaged to ￿￿ase capacity for the Adrninistrative Manager to implemenl a
pr￿raMme 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. ¢)per*ng 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. co￿￿1(all￿6 wrth Irusiees Ihe developmeni of a budget followed during the subsequent
rnonths for a programme that priOr￿Se<l growth. stat4"lity. outreach and intersectionality.
Magazin8 r&lesign.' As reported 8bove, a Raadership SuThey was conduL*8d in Marth 2025. as part of 8 review of wnagazine contenls,
and prosp8CtiV8 desvJn8rs identffied and Interv￿¥*d. T￿￿t8e5 with ￿leVant profe55K)Tral and lived experience w8re a150 consulted
r8garding diversity. 8qualily and Indu￿On. Th8 r8d85wJn8d fflagazin8. and r￿at￿l mat8wials, are dw for wblication in D￿rnb8r 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 aT￿nd ￿-P8rS￿ V￿l￿Tr3 rA)nl8re￿ at venues in the th8 UK. E￿h stop on the tour would corn￿8e any or
all of the f¢￿10￿.1￿9 818rnent5". workshop. writir¥J 5urgwy. pand ￿￿￿5S￿)n. Q&A by PA51exia repreS￿tativ￿. ￿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.extrava￿nza. event for Sak)n members. in whK* they ￿11 be invrted to pitch their work direct
to the edit￿$ ol inde￿ndenT book pu￿￿8herS. This ￿11 proii¢Je an ￿[ernatIVe route 10 wNicatson lor wnlers praciising In gen￿$ such as
poetry and short fiction, for which agent repreSentat￿n is rwely available. -he ev￿1 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 f￿jSirvj 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 s￿rt 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 restrictic*6 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 S￿r￿u5 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 sub￿￿p￿'or￿. Overall subscription incorne rernalr￿d 5tTDng
at £217.749.
Income from C(￿pe￿"tIonS totalkd over£101.(X)O. ex¢eediThJ expeclalK)ns due to effectsve outreach aThJ eTrga9eff￿t,
Advertising sale5 across tr8 m8g82in8. webste, and r￿￿81￿[ gen8Tr18(l over £34.trfKJ. following a targeted 5818s approach.
Interest inGome atnount& lo £10,103. lEnefiti￿4 ftwn SU51aineO hwjm￿ Inlete51 iales Dll deposit5.
Ticket szle5 for M5kxia Wiibry Weeks contrib￿ed £36.248, relle(Xing strong dernar￿ for these events.
These gains were partialy offset by re￿CtiOn in predicted Incon￿ from the Indie p￿88 and a
on the Alsl8xia D￿ry & 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(¥J￿1)n costs. as wdl as postage & d1siriLNJl￿n costs. Adininislrative costs
also Increased by 22 per cent. due io InV￿men1 in pe(¥Ae costs plus IT and accwntsnry fees io ensu￿ Ihe effi￿nI runnin9 of Mslexia.
The tru518es ar8 S8tisfied with th8 perforrTWE8 of th8 Charity dwing the wKMJ, 8Th1 Ih8 tA)sitI￿ 8t 31 M￿ch 2025.
Reserves
At 31 March 2025 total reseN8S 8rÈ £2￿.571. all of which 3r* unrestricled funds. The trusteès maintain Suff￿lent reserv8S to Ènsure
that all liabilitE5 could be tnet in unlikety everrt ttvt hAsIe￿a 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 Suff￿￿nt SUP￿ financral resi1￿nGe 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 fil￿1 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 f*arity (number 11834101.
Qr
anisalion
The Charity i8 rnana￿d 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 Se￿ed 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 FITra￿e Direc￿.
Risk Man
The tiustees have overall reswnsibilrty fof iisk M￿a￿llent. 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 tru*e n￿etingS and wrfh stsff on a regular basis
Trus18es
Thè Board of Trustees cOnd￿ts an annual's￿11$ aL,dit' of trustees tr) detemiine %thett)er the cumulative Èxperti$È of members continues
to fuffil the ¢hawuiThJ needs ol the Charity. New IIus*es 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
eXpert￿e andlor exper*nce. 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 P￿s1On5
This ￿pOrt has been prepared in aC￿rdOnr￿ with the arWi¢atrAe to oyryianies to the fmall ry)mpanies' exemption.
Indopqndenl exarniner
The trLLStEe5 have agreecl to reapp￿￿t 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 AC￿nIIng Standards
IUnitEd Kingthm Generally Acceplgd Accounting Prdctice).
Comp8ny law require< the charity trustees to prepare financ481 stslernenls for ead) yearlperiod wh￿h give a true and fair view of the stete
of affaiT5 of the rhatilable cotnpany of incoming re￿￿[￿S and 3pF4Kat￿ ol [esour￿5. indudin9 ￿ incorne and Expenditure. ol
the charilablÈ tompany for that pÈriod. In preparing financial slaiÈM￿ts. IhÈ trusiees are requrÈd to."
select sulta￿e arLounting Folicies and then aprAy thern consistenuy..
observe the methods and prinriples in the Charities SORP.,
tnake judgem8nt5 and 8sthrnales that ar8 rea￿aTr￿8 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 reasonal￿e 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 irregU￿ribEs.
Approved by order of the trernt)ers of the board ol twstees rm 18 D￿rnb￿ 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 ar￿jnts 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 exaMinat￿n. 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 Carr￿n9 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 I￿ted in Section 145 of th8 2011 Acl.
We ¢onlimi that we art qualttied to un<lertake the examinaiion because we are a MeM￿r of the I￿titUte of Chartered Accountants In
England and Wales. which is one of th8 listed t￿leS_
We have cornpleted our eKamination. We u￿firrn 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 requi￿1 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 gr*e a'true and fairf view vthich ￿ not a matter consKlered as part of ￿ independenl examination., or
the accounts have not been prepared in accO￿an￿ wtth the Theth(yJs and Princi￿ ofthe Statement of Recornmended Pradice
for awounling and reporting by chanties appluble io ¢Paril es p￿pann9 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*￿￿.
P￿e 12

Ind8pend8nt examinerfs report (continued)
Year ended 31 March 2025
This rerort is made solety to th8 companys trustees, as a tr￿y. in accordan(* with Part 4 of the Chariti8s (A￿DuntS 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 e￿Tht p￿MItted 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
P￿e13

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Statement of fin￿ClaI 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 rec￿nIsed in 1he year.
The no18s on pag8s 17 to 27 form part of th858 finanoal sta18￿nts.
Paje 14

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Balance sheet
At 31 March 2025
2025
2024
Fixed assets
Intan9ible a5￿ts
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
T￿al funds
284,571
269.333
PaJe15

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Balance sheet {continued)
At 31 March 2025
The il￿panY imas enbued to eXeMpl￿rn from audit wtM)n 477 of the CThnpanies A¢i 2(X)6.
Thè membÈts have mt requirèd Ihp cotnpany 10 obiain an a￿111 forthe w in quest￿ in atcordantè sÉetion 476 of Companies A¢1
2006.
The t￿slee5 8cknowl8dg8 Ih8ir r85FX)n￿bl1rtl85 (X)Mpl￿Trg 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 prows￿5 3ppIK8ble to entitie5 subjecl to the Small companies
ragim8.
The financial 5tatetnenlS We￿ apptoved aThJ aUtt¥￿￿j IL¥ tssue by Ihe trustee5 on 18 D￿e￿nbel 2025 spJned on their behalf by..
Debbie Taylof
Truste8
com￿nY 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
Acco￿tIng 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¢a￿e in Ihe UK and Reputli¢ of IrelaThY IFRS 1021 and Companies Act 200fj.
Islexia PutJi¢aiions knmited is a ¢haii¢aNe company linm￿J 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 fijn￿lOnal currerw Jf the ¢hariiabè company. The
monetary an￿unt$ in these fin￿la1 staterrents are rounded lo fte8￿$t pourKI. except kyhere otherwise indicated.
1.2 Going conc8m
Financia Reportsng Standard 102 requires, rf apprwiate. the ch￿ty,8 financial statements are pr8pared on th8 going
concern basis. whth means that the charity is able to 0￿rate for the foreseeable future on the basis of known and
r88S￿able proiect8d resources. Ther8 are no m8t8rial un(xrlaints"es in respeL* of the charity's ability to continu8 85 a going
concern. Although the nature of donaK)ns and grants can be difficull to forecast. the trLEtee5 believe Ihere is sufficienl
support lo the charty to enable the chairty to continue to tneet ts liabilities a5 they fall due. A5 a result Ihe going concem
basis of acc￿n￿ng is appropri8te.
1.3 Income
Income is wognised in the peti(Kl in the charitswe c(mpany has entiuement to the fvnds, any conrfitions attached to
the income havÉ been mel, it is probatAy that lie JnccMne wjll be recAved. and the amount C8n be ff.easured reliably.
Don8ts"ons andwants
In¢ome trom donat￿9 and grants. i￿U￿1￿3 caFxtal grants. induded in inwme when Ihese are le￿iva￿le. except as
fdlows..
- When Ihe dMors ¥wify that donatirmis gr￿ts given lo the tharity must be rnea5ured in future accountsng reriod5, the
in(Th18 15 defe￿ed until thos8 ￿1￿]d5.
- When donors impose conditions wh￿h have to be fulhlled before Ihe Ll)arity becomes ent￿ed to use such incomè,the
income is deferred and i￿ud￿ in Incc¥mity resoL*ces unts"I the Pr&(￿dit￿$ use have been met.
PaJe17

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Notes to the financial statamgnts
Year gndod 31 March 2025
Acco￿tIng kNIlici88 (continued)
1.3 Income Icontlnuedl
- ijon(Ks $pe(afy thal donsborks 8nd gTawbts. induding G3tyt819rants, are for parbGular re¥l[￿ed purp05e3, which do
)t arnount to pre-condit￿S regarding entiU8Thnt. ths incorn8 15 Incl￿ in Ir￿x)rr* of restriitsd funds w￿rn rec8ivabl8.
Income from chaniaole actmi
Incomg from Charitsble 8ctivitses is re￿nised in the 4aterrent of finanraal adivities ¥vhen Servi￿ is provided.
Investmeni ineome
Inte￿$t on funds h￿￿ on dewsit is includeil Yfvhen re¢eNab￿ and ItE an￿nt can be measU￿d 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 t￿31 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".
. chari￿e expenditure which ¢￿￿miSeS iw o)sts irKJJrred by the thanty in the delivery ol ts actiwlies and services
its benefiCiar￿S.
- Governance costs 2re those cnsts asso(#ated wth meetiro and ￿r￿litu￿.On0l aTh1 statutory reqU1￿ments of the charity and
include the costs linked to the Strateg￿ man￿rnent ofthe tharity.
All costs are all(￿ated between th8 expthiture Cate￿IneS of thè ￿ternent of fina￿la1 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 r￿ed assets.
Certain etnployees arE entIt￿d to carry fDrward unused h￿￿taY eTrt*lement at the reporling date. The c05t of any unused
entiUem&nt is recognisèJ in the perm￿1 1) which the employee's are required.
1.6 Rthrement benefits
d8fIn￿ contribution schemes the arwunt thargej to a￿1 exp8nditur8 1$ the fA)ntrItMJt￿nS payable in the y88r.
Differences belween contribuiK)ns pa in the year and contribu￿0￿$ aclually paid are shown as eilher 8ccruaks oi
prepaYrr￿ls.
PaJe18

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Notes to the financial statamgnts
Year gndod 31 March 2025
Acco￿tIng 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)ll￿tion ol
thes8 funds in ￿￿rdar￿6 with the res1￿*0￿ 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 est11T￿t8￿ useful lif8 8s follows..
RebrandiThJ
25%
strawht lin8
Website
25%
straight line
Amortisation of CaFXtali5ed dÈvekyTnent eXpE￿Ilure ¥*ill begin whon thÈ asset is availab￿ for use.
Arncrftisation is included in expenditure on thaila￿e ac￿VI￿e5. in Ihe staterr*nt of finanr#al activthes.
Asset resKlu81 values and useful lives are revieW￿d al Ihe of each le￿￿'ng period. and adjusted il 8ppropriate. The
effect of any ch8nge ar￿Unted 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 aVaila￿e for use.,
managemwt intends to Comp￿te the pft)p
there is an abilty to use or Sell Ihe a5seL
il can bt7 dem￿strated 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￿ attnbUts￿e to the pro¢lua during its devdoprrent (an be reliably measure(l.
11 il Is not W53ible lo distinguish betw￿ reseorGh atyj deVe￿[r￿n1 pha5e5 gf an intEtnal projeGt, the expenditure 15
tr8at8d as if it wer8 if￿AIrred in lh8 res88rth phase only.
PaJe19

Mslexia Publications Limited
IA ¢ompany Iwnited by guarantee)
Notes to the financial statamgnts
Year gndod 31 March 2025
Acco￿tIng kNIlici88 (continued)
1.9 Tangible fixed assets and deP￿claI10n
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 Ir￿S as fr￿k￿S".
0f￿e 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 I￿peciV￿y.
1.10 Financial ingtruments
l of the charity's financial assets and financBI liabil*ies qualify as ba￿C financial inslruments. Basic finar)ual instruments
are initially recognised at tranSCCti￿ ￿alLE and 5ubsequenty y￿aSured at t￿r settjetnent valu8.
1.11 Cash at bank and in h￿d
Cash at bank in hand indLwJes 4Jsh and fixed temi Inves1￿￿nts 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 D￿19ation 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￿'ll￿e5 and prowiskMS are nomiaty recognised at their setderr*nt an￿￿nt.
Income from donations a￿1 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$trl¢t•d
funds
2025
Tol
fun
20
SubSGrpt￿n. trnl and di9ital revenue
Advertising revenue
Educalw and etvJagwnent
239.994
239,994
35.055
35,055
179.509
179,509
45L,558
454.558
Unrestrthd
funds
2024
T01
fur
20
subscr￿St￿n. wnt and digital revenuE
Adverti$iw revenue
EdUc2t￿n and engag￿nt
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
di￿dIY
2024
Support costs
2024
20
Funding to advan￿ the edw8li)n oflhe wblc in the subJ"e£a of the lit￿ary
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 res11￿ted
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 maIn￿anCe
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 dep￿tsatiOn
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 M￿thlY a¥￿age number ofstaff ￿￿K4￿yed by ts thanty during the yearanY)unts to".
2025
2024
No.
Managert*ni 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 ye*12024 £nill.
Key management personnel
The key rnanage￿￿nt 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 ly￿ar
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 defE￿e￿ during the yeaT
Amoun15 re18a58d from pr8¥K￿5 P8r￿￿S
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- pr10ry￿r
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 ap￿ie0 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 payrne￿ts 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

This document was delivered using electronic communicalions and authenticaled in accordance with ihe
registraT'S rules relaling to electronic forni. auihentication and manner of deli&'ery undeT section 1072 of
the Companies Act 2006.