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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|





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# 08/08/2025 



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|(lncludinglncomeandExpenditureAcco<br>Recognised GainsandLosses)|unt andSt|atement ofT|otal|
|---|---|---|---|
|||Unrestricted|Total|
||Note|funds<br> <br>€|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|





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|<br>(lncludinglncomeandExpenditure Accou<br>Recognised GainsandLosses)|<br>nt and St|atement of|Total|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|2923|
||Note|<br>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|





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|Balance Sheet<br>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|





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|CashFlow Statement<br>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|





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|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<br>-|----*]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|





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



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|5Expenditure on charita|ble activities|||||
|---|---|---|---|---|---|
||Unrestricted|funds|Total|Total||
||Designated<br>€|GeneralI|2024<br>€|2023<br>g||
|Grantfunding of|||||d}|
|activities|535,263|34,799|570,062|289,303||
|Staff costs||31,06s|31,065|||
|Allocatedsupport||||||
|costs|-|20,740|20,740|35,481||
|Governancecosts|-|8,136||28,846||
||535,263|94,744|630,003|353,630||





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|Analysis of grants||||
|---|---|---|---|
||Grantsto|institutions||
||2024<br>g|2023<br>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||





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|Supportcostsallocated|tocharitablea|ctivities||||
|---|---|---|---|---|---|
||||Other|||
|||Governance|support|Total|Total|
||Basisof<br>allocation|costsf|costs<br>f|2024<br>€|2023f|
|Trusteeconsultancy fees|100o/o||8,352|8,352|27,079|
|Trustees' expenses|lOAo/o|2,276_||2,276|2,246|
|Bank charges|1A0%||617|617|377|
|General and office costs|1000/,||8,771|8,771|5,025|
|Accountancy fees|1000h||3,000|3,000|3,000|
|Audit fees|100%|3,10;||3,100|6,500|
|Othernon-audit services|100%|1,500||1,500|3,000|
|Legal fees|100%|1,260||1,260|17J9A|
|||__9J!9_|20,740|28,876|___91,327_|



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|Governance costs||||
|---|---|---|---|
||Unrestricted|||
||funds|Total|Total|
||Generalf|2024f|2023<br>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|



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





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





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|Other investments|||
|---|---|---|
||Listed||
||investmentsf|Total<br>€|
|CostorValuation|||
|AtIJanuary 2024|6,240,323|6,240,323|
|Additions|1,006,03s|1,006,035|
|Disposals|(930,258)|(e30,258)|
|Revaluation|480,358|480,358|
|At 31 December 2024|6,796,458|6,796,458|
|Netbookvatue|||
|At31December2O24|__q994!g_|_9199,4!9_|
|At31December2O23|6,240,323|6,240,323|



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



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





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|15Analysisofnetassetsbetweenf|unds||
|---|---|---|
|||Totalfunds|
|||at31|
||Unrestricted funds|December|
||GeneralDesignated<br>ff|2024<br>g|
|Fixed asset investments|6,796,458|6,796,458|
|Current assets|(1,473)<br>874,017|872,544|
|Currentliabilities|(64,082)|(64,082)|
|Total net assets|___9199p99______gry_EJ_|___1,693,e?9_|
|||Totalfunds|
|||at31|
||Unrestrictedfunds|December|
||GeneralDesignated<br>€€|2023f|
|Fixed asset investments|6,240,323|6,240,323|
|Current assets|255,841<br>680,280|936,121|
|Currentliabilities|(95,814)|(95,814)|
|Totalnet assets|____q499it9____99g;9q|7,080,630|



|16Analysis ofnetfunds||||
|---|---|---|---|
||||At31|
||At1January|Financing|December|
||2024<br>€|cashflows<br>€|2024f|
|Cash at bank and inhand|858,294|(70,7s8)|787,536|
|Net funds|858,294|____fzq&g)|787,536|



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