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Reference andAdministrativeDetails	I
Trustees'Report	Zto7
Statement ofTrustees'Responsibilities	8
IndependentAuditor'sReport	91o12
Statement of Financial Activities	13to14
Balance Sheet	15
CashFlow Statement	16
Notes totheFinancial Statements	17lo28

08/08/2025

(lncludinglncomeandExpenditureAcco Recognised GainsandLosses)	unt andSt	atement ofT	otal
		Unrestricted	Total
	Note	funds €	2024f
lncome and Endowments from:
Donationsandlegacies	2	467,049	467,049
lnvestmentincome	3	244,826	244,826
Totalincome		711,875	711,875
Expenditure on:
Raisingfunds	4	(37,442)	(37,442)
Charitable activities	5	(630.003)	(630,003)
	----:--L
Total expenditure		(667,445)	(667,44s)
Realisedandunrealisedgainsoninvestment assets		480,360	480,360
Net income		524,790	524,790
Netmovementinfunds		524,790	524,790
Reconciliationoffunds
Totalfundsbroughtfonryard		7,080,130	7,080,130
Totalfundscarried forward	14	7,604,920	7,604,920

(lncludinglncomeandExpenditure Accou Recognised GainsandLosses)	nt and St	atement of	Total
		Unrestricted	Total
		funds	2923
	Note	f	f
lncome and Endowments from:
Donationsandlegacies	2	70,320	70,320
lnvestmentincome	3	174,452	174,452
Totalincome		244,772	244,772
Expenditureon:
Raising funds	4	(43,72s)	(43,729)
Charitable activities	5	(353,630)	(353,630)
Total expenditure		(3e7,35e)	(3e7,35e)
Realisedandunrealised gainsoninvestment assets		310,306	310,306
Net income		157,719	157,719
Net movementinfunds		157,719	157,719
Reconciliationoffunds
Totalfundsbroughtforuuard		6,922,411	6,922,411
Totalfundscarriedfonarard	14__J,080J!q		7,080,130

Balance Sheet 31December2024
			2024	2023
	Note		s	€
Fixed assets
lnvestments	11		6,796,458	6,240,323
Currentassets
Debtors	12		85,008	77,827
Cash at bank and inhand			787,536	858,294
			872,544	936,121
Creditors: Amountsfallingduewithinoneyear	13		(64,082)	(e6,314)
Netcurrentassets			808,462	839,807
Netassets			7,604,924	7,080,130
Fundsofthe charity:
Unrestricted incomefunds
Designated funds			874,417	680,280
Generalfunds			6,730,903	6,399,850
Totalfunds	14	::	7,604,920	7,080,130

CashFlow Statement YearEnded 31 December2024
			2024	2023
		Note	€	g
Cashflowsfrom operating activities
Net income			524,790	157,719
Adjustmentstocashflowsfromnon-cash	items
lnvestmentincome			{244,826)	(174,452)
Revaluationofinvestments			(480,358)	(2e0,106)
			(200,394)	(306,839)
Working capital adjustments
lncreasein debtors		12	(7,181)	(72,115)
(Decrease)/increase increditors		13	(32,232)	87,314
Net cash flows from operating activities			Q3e,8A7)	(2e1,640)
Gashflows frominvesting activities
lnterestreceivable andsimilarincome		3	43,901	27,710
Purchaseofinvestments		11	(1,006,035)	(1,402,27e)
Saleofinvestments			930,258	1,231,790
lncomefromdividends		3	200,925	146,742
Net cash flowsfrominvesting activities			169,049	3,963
Netdecreasein cash and cash equivalents			(70,758)	(287,677)
Cash and cash equivalentsat1January			858,294	1,145,971
Cash and cash equivalents at31December			787,536	858,294

2lncome from donations andlegacie	s
	Unrestricted
	funds	Total	Total
	Generalf	2024f	2023!
Donations and legacies;
Donationsfromindividuals			320
Legacies and bequests	467,049	467,049	70,000
	467,049	-----*]fr-	70,320
3lnvestment income

3lnvestment income	467,049 -	----*]fr-	70,320
	Unrestricted
	funds	Total	Total
	General	2024	2023
	€	€	g
Income from dividends;
Dividends and distributions receivablefrom
listed investments	200,925	200,925	146,742
lnterestreceivable and similar income;
lnterestreceivableonbank deposits	43,901	43,901	27,710
	244,826	244,826	174,452

a)lnvestmentmanagementcosts
	Unrestricted
	funds	Total	Total
	General g	2024f	2023t
Otherinvestment management costs,
Amountspayabletoinvestment
managers	37,442	37,442
	37,442	37,442	*_____43f2s

Analysis of grants
	Grantsto	institutions
	2024 g	2023 I
lnstitution
Almedia Theatre	50,000	25,000
AppledoreBook Festival	30,000	20,000
ArvonLumb Redevelopment	100,000	50,000
British Library	10,000
British Sculptors	2,299	3,000
Calibre Audio	5,000
Comar	31,500
First Story	21,600	20,00;
ForwardArtsFoundation-Poetry prizes	22,540	22,540
INK	5,000
London Library	23,500
Naomi KleinWomen'sPdze	30,000		nr
National Poetry Centre	30,000
NewWritingNorth	16,000	16,000
North East Theatre	5,000	5,000
PEN lnternational	50,000
Phyllis Cook	9,000
SimpleB	5,000
Sunday Times-Young Writer of the Year Award	72,623	77,76;
TroupeProductions	1,000
Young Vic - production sponsor	50,000	50,000
	__qI9!94	289,303

Governance costs
	Unrestricted
	funds	Total	Total
	Generalf	2024f	2023 f
Audit fees
Auditof thefinancialstatements	3,100	3,100	6,500
Otherfeespaidtoauditors	1,500	1,500	3,000
Trustees'remuneration and expenses	2,276	2,276	2,246
Legal fees	1,260	1,260	17,100
	8,136	8,136	28,846

		2024f	2023 g
Audit	fees	3,100	6,500
Other	non-audit services	1,500	3,000

9Staff costs Theaggregatepayrollcostswereas follows:
	2024
	€
Staffcostsduring theyear were:
Wagesand salaries	28,125
Social security costs	2,940
	31,065

Holding 9,369 4,895	Security Market Value JPMorganETFS(lreUS ReiEquity) 387,360 VanguardFunds PLC S&P 500 Ucits EtfGBP438,849

4,895 VanguardFunds PLC S&P 500 Ucits EtfGBP43	8,849
12Debtors
	2024 g	2023I
Accruedincome	85,008	77,827
13Greditors: amountsfallingduewithinoneyear
	2024I	2023 €
Accruals	64,082	96,314
Page25

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15Analysisofnetassetsbetweenf	unds
		Totalfunds
		at31
	Unrestricted funds	December
	GeneralDesignated ff	2024 g
Fixed asset investments	6,796,458	6,796,458
Current assets	(1,473) 874,017	872,544
Currentliabilities	(64,082)	(64,082)
Total net assets	*9199p99*___gry_EJ_	___1,693,e?9_
		Totalfunds
		at31
	Unrestrictedfunds	December
	GeneralDesignated €€	2023f
Fixed asset investments	6,240,323	6,240,323
Current assets	255,841 680,280	936,121
Currentliabilities	(95,814)	(95,814)
Totalnet assets	*_q499it9*_99g;9q	7,080,630

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