HISTORY OF PARUAMENT TRUST Reglstored Charlty Number. 1202089 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 HISTORY OF PARLIAMENT TRUST-TRusfEESANNUAL REPORT AND ACCOUNTS 2024-25 HISTORY OF PARLIAMENT TRUST CONTEKrs Page Legal, ref8r6nce and adffinistrative details Structure, Govemance and Manageffent Objecilves and activities Revlew of aChIeve￿nts and perforrrAnce In the year 2024-2025 Flnanclal revlew 20242025 27 Plans for Ihe future 28 slater￿nt of responsibilities of Trustees and Paounting Olficer 30 Govemance Staten*nt 31 Report of the Corytroller and hAJdttor General 35 Flnanclal Staterrnnts 40 Staten%Jnt of Flnancial 40 Balance Sh8et 41 StatenEnt of Cash Flows 42 Notes to the financial statsrr*nts 43 HisfoRY OF PARUAMENTTRUST-TrUSTEES ANNUAL REPORT AND ACCOUNTS 2024-25 HISTORY OF PARLIAMENT TRUST LEGAL REFERENCE AND ADMINISTRATIVE DEfAILS Charfty nar History of Parfiarrenl Trust Charity nun*)er 1202089 Co￿pIed Mrs Wendy Chantsrtain MP Rt. Hon. The Lord Clark ofwindemwe Professor Pam Cox MP Mr Mark D'kny Mr Jonathan Djanogty MP Baroness Dianne Hayier Rt. Hon. Kwasi Kwarteng MP Mr Gordon Marsden Dam Clar8 Moriarty (freasur8r)' Professor The Lord Norton of Louth (Chair). From 28 January 2025 From 23 July 2024 From 23 July 2024 To 4 ju￿ 2024 From 23 July 2024 To 30 April 2025 'Mentsr of the Ewjllve Cornltt Senior Deputy Speaker of the House of Lwds: Lord Lexlen ¢Jn behalf of Lord Gardlner of KI￿18 From 27 Ppril 2024 ChairrrAn of Ways arKI Means: RL Hcm. Da E￿nor Laing MP Ch8lrff4n of Ways and Means: M$ Nusrat Ghani MP Clerk of the Paflian*nts, House of Lords.. Mr Patrick Vol1￿￿, on behaw of Mr Sin¥)n Burton c￿rk knistant of the House of Ci)nT￿)ns. Mrs Sarah Davies To 4 July 2024 From 23 July 2024 Ex-officio Trustees" ' Exaoffiuo Irustees are appointed as a tesull of th81r position (ie. Clerk or speaker etc) rdlher than 8s an individual. Secretsry Dr Plam Evans, a S8nNY Clerk in the H￿ts8 of Conyrnns HISTORY OF PARUAMENT TRUST-TRUThES ANNUAL REPORT AND ACCOUNTS 2024-25 HISTORY OF PARLIAMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION - CONTINUED Editorial Board Member5 Dr Paul Cavill {UnN8￿ty (rf Cantr4dg8) Professor Richard Cust (U1wV￿SIty of BimYNJham) Dr Pery Gauci IUnNerstty of Oth) Professor Julian Hoppil Iunlversity Cofieg6, Londm) Proféssor Helen Parr {univer￿ty of Keèlel Profes￿ Gordon Penttand {Universty of Monash) Prof8ssor Laura St8iwart (Unp4ersity of York) Professor Jane Winters. Isdbool of Plvanc8d Sttwty. Univ8Nty of London) (Chairl To January 2025 Dlrector Dr Jennlfer Davey Principal 14-18 Old Street London EC1V 9BH HSBC P 69 Pall Mall London SW1Y SEY Bankers Solicitors Broadfiehj Law One BarthOkjn￿W Close London EC1A 7BL dllor CotTPtroller and ￿dIt￿ Ganeral 157-197 Buckingham Palace Road oria London SW1W 9SP knuntsnts Citroen Wells D8vonshire Hous8 1 Devonshirè Street London W1W 5DR HISTORY OF PARUAMENT TRusf-TRusfEES ANNUAL REPORT AND ACCOUNTS 2024-25 HISTORY OF PARUAMEKf TRUST STRUCTURE, GOVERNANCE AND MANAGEMENT Structure and governance 1. The History of Parliament Trust was èstablished by a Declaration of Trust made on 31 December 1940, varied by an Order of the Chancery Division of the High Court made on 12 March 1956 and by Schemes made bythe Secxetsry of State for Education and Science on 6 January 1967 and 27 October 1971 and the Charity Commission8rs on 24 Juty 1996 with a charty number 306034. The Schemg rnade by the Charity Commissioners in 1996 provid8s that the body of Trustees should comprise four ex officio Trustees and such numb8r of Co was registered In February 2023, with Charity Number 1202089. The assets. liabilities and op8rations of the former Tnjst W8re transferred to the new CIO, HPT on 31 August 2023. The 1940 History of Parliament Trust ceased operatlons followlng the deed of transfer to the new Trust Icio). 3. The Trust recelves a grant in ald. trte terms of vthich were announced to both Houses of Parfiam8nt on 20 February 1951 and to the House of Commons on 27 July 1967. In 2024- 25 the Trust received 640/0 Inomially 70%) of its grant in aid from the House of Commons Admlnlstratlon Estimate: the remaining 36Vo (nomially 30V.) was r6¢elved from the House of Lords Estimate. The change in percentage shares in 2024-25 was due to Ihe early receipt of th8 quarter 1 House of Commons grant in the last few days of 2023124. A Financial Memorandurn agreed between the Trustees and the authorities of bolh Houses sels out the aims and objectives of th8 History of Parliament Trust and th8 administrative and financial arrangements for its activities. Including the conditions for the grant in aid. The grant in aid is approved annually by the Commissions of both Houses. with scrutiny also by the respective Finance Committees. The Trust's own Financ8 Committee brings together the Treasurer and Director with Senior finance offloals of both Houses and is the primary forum for the discussion of the Trust's grant in aid. 4. The trustees have èxamined the malor risks the Trust faces. It has in place systems to monitor and control those risks to mitsgate any impact they may have on the History in the fiJture. It will continue to review its ass8ssment of these risks as part of its annual Corporate Plannin9 process. HISTORY OF PARUAMENTTRU5T-TRusfEES ANNUAL REPORT AND Accoumfs 2024-25 Objectlves and actlvldes 5. The History of Parliament Trust is a major academic project to create a stholarly referenc8 work describing the members. constituencies and aclivitTres of the Parliament of England and the United Kingdom. The volumes either published or in preparation cover the House of Commons from 1386 to 1868 and the House of Lords from 1558 to 1832. They are wldely regarded as an unparalleled source for British political. social and local hislory. Progress to date is presented in tabl8 1 and 2 below. Table 1: Overall Pro ress on House of Commons Tlme erfod Pre-1386 1386-1421 1422-1460 1461-1504 1509-1558111 1558-1603 1604-1629 1640-1660tzi 1660-1690 1690-1715 1715-1754 1754-1790 1790-1820 1820-1832 1832-1868 1868-1945 194& resent Status PubliS￿d 1992 PublislEd 2020 knPro ress PubliS￿d 1982 PLFblisI￿d 1981 PublislEd 2010 Published 2023 PubliS￿d 1983 PubliS￿d 2002 Publis1￿d 1970 PubliS￿d 1964 PUblis￿d 1986 Publisk£d 2009 knPro ress Scheduled ress Not• 111 Th• last P4rtlament of Honry Vll Sat In 1504. H•nry Vlll nat summon hls flr8t Partlamgnl unlll 1509 121 Th•r& wa¥ no Parflament sUmnKjn￿ bel￿on 1629 and 1640 131 Th8 Contemporary History Pro1￿1 covers the p)st-l￿5 peric#J. Its ￿Tront frxus 18 ¢real¥ig a subslan1181 colledon of Ilfe sttyy int*Ne￿ wSth forff*r MPS. HISTORY OF PARUAMENTTRusf-TRUSTEES ANNUAL REPORT ANO ACCOUNT5 20Z4-25 Table 2.. Overall Pro ress on House of Lords Time erlod Pre-1386 1386-1421 1422-1460 1461-1504 1509-1558 1558-1603 1604-1629 1640-1660 1660-1715 1715-1790 1790-1820 1820-1832 1832-1945 1945- resent Status In Pro ress Published 2021 hPro ress Published 2016 In Pro ress Sctr£dLAed hPn) ress 6. The original charitable obj8div8 for the 1940 History of Parliament Trust bvas tho compilation of a literary and historical wotk know as 'The History of Parliament,. The revised charitable objectives of the Charilable Incorporated Organisation (CIO) are as follows.. To advance the education of the public in general on the subiert of the History of Parliament through- Scholarty and hlstorlcal ￿searCh on the Parliament of the United Kingdom and its predecessors. those who have been members of these bodies. parliamentary constilu8ncies and elections, and parliamentary politics and institutlons in general. Dissemlnatlng and Interp￿tIng the results of thls research to the widest possible audience. The encouragement of research by others on the History of Parliament and Parliamentsry institutions. The promotion of related scholarty and educational actlvities. 7. The volumes on the House of Commons conslst of delalled studles of ele¢tlons and electoral poltiics in each constituency, and of dosely researched accounts of the lives of 8V8ryon8 who was 818Cted lo Parliament in the period. The volum8s on the House of Lords provide political biographies of peers. In addition. the volumes contain surveys drawing out the themes and discoveriès of the research and adding information on the operation of Parliament as an institution. 8. The History has now publish8d over 27,(KM) biographies and 3,200 constituency suN8yS in foLtrteen sets of votumes (65 volumes in all). They deal wrth the House of Commons 138&1421 {1992), 1422-1461 {2020), 1509-1558 (1982), 1558-1603 119811, 1604-29 (2010), 1640-1660 (2023). 1660-1690 (1983>. 169(k1715 (2002), 1715-1754 (19701, 1754- 1790 {1964), 1790-1820(19861 and 1820-32 (20091" and the House of Lords 1604-1629 (2021) and 1660-1715 (2016). AN of the House of Commns artides published up and HISTORY OF PARLIAMENTTRuST-TRu￿EES ANNUAL REPORT AND ACCOUNT5 2024-25 including to 2010 are now available on www.histo arliamentonline.o The History's staff of professional historfans is currenlty researching the House of Commons in the periods 1461-1504 and 1832-1868. and the House of Lords in the period 1558-1603, 164Q 1660 and 1715-1790. 9. As well as the biographies and ￿nStitUencY surrfeys, Ihe History und8rt8kes an oral hlstory project designed to record long intervievéS Wth fomer Members of Parfiarnent. These are deposited in the British Library and are made available to researchers. 10. Sinc8 1995, the History has been funded prinapally by the two Hous85 of Parliament. It is based ¢10se to its original host, the Institute of Historical Research. Univgrsity of London. It was founded before th8 Second World War, th8 brainchild of Josiah W8dgwood MP. a Labour parliamentarian and minister. and revived after the war when a number of th8 greatest British historians of the day, induding Sir Lewis Namier. Sir Frank Stenton and Sir John Neale, were involved in its re-establlshment. The project is govemed by its Trust8es. who are mainly Members and Offrcers of both Houses of Parliament. The quality of thè project's research and writing is monitored by an Editorial Board of historians. For further details see the History's v￿b5r[8 at wvM.hi$to f rliam8ntonlin 11. The History's objectives and its performance agalnst previous obj'ectives are sel out in Its annual plan. An annual plan was last approved by the Trustees in July 2024 and an updated plan was presented and approved Trustees in October 2025. Onc8 the websit8 has been re4aunched the annual plan will be pU￿1shed onlSne. 12. The Trust strives to ensure that the impact of ts activities on the environment. consumers, employees, communlties. stakeholders and all other members of the publlc sphere is taken Into account at all times. 13.Trustees are provided with a set of documents concerning the charity and their responsibilities as Trustees. These are reviewed and updated with each appointment and as necessary. The Director provides additional induction malerlal relating to cu￿ent Issu8S. New Trustees are offered more infomation through briefings by the Dlredor and Secretary and are invited to visit th8 History. Trustees are r8quired to sign a d8daration indicating their understanding of thelr responsibilities as Truste8s. HISTORY OF pARUAMENTTRu￿ -TRusfEES ANNUAL REPORT AND ACCOUNT5 2024-25 HISTORY OF PARLIAMEKf TRUST Revlew of achlevements and perfomiance In tho year 202&25 OVERVIEW 1. During the year. the History add8d a fijrther 1 millK)n W￿d8 of scholarly research to the projed, including almost 300 biographies and 24 constituency histories. In addition, the Hlslory has recorded a further 129 hours of lrfe hlstories of former parliarnentsrians. and completed 17 interviews. A detailed summary of the History's V￿rk across scholarly research. public engagement and academic engagement is below. The Trust website development project contSnued to progress and is almost completed. A new fundralslng strategy was developed. 2. Alongside the continued publication of scholarly research. the HPT has been progressing plans to review its ways of working and the assoclated premises requlred to deliver those plans After 20 years based in Bloomsbury Square, the HPT has moved to a smaller bullding with reduced accommodation costs as a resutt. In 2024-25, the financlal mèmorandum was revised folk>wing the o)nversion to the CIO. 3. Following the July 2024 general electlon. the HPT has recruited several new trustees (see details on p.3}. A Year in Numbers lm 287k 300 d• •dd8d lo th• tlv• u8•r¥ on our n•w bltsgrWIS•¥ 1561c3,000 24 hour¥ of ornl hl8to r•cord•d hlstt)rt•$ HlSfoRY OF PARUAMENTTRU5T-TRUSTEES ANNUAL REPORT AND ACCOUNT5 2024-25 RESEARCH Progress Charts Th&*'iharts Ir¥k' pn)xxtssof first drafts foTc¥¢h proj￿% Hoiise of Commons 1461-1.?04 Huusc ()f l.ords l.5.?8-16().3 H()use of l.ords 1640-1660 Hoiise of l.ord.4• 171.5-1790 Hoiise of Commons 1832-1867 THE HISTORY OF PARLIAMENT HISTORY OF PARUAMENTTRLIST-TRU5fEES ANNUAL REPORT AND ACCOUNT5 Z024-25 io 4. Progress in each of the Historls five current research proieds and the oral hEstory project is descrlbed below. Tho House of Commons 1461-1504 5. The project, begun in 2020 in succession to the 142241 Commons project. and expected to be completed in around 2037. is the largest of the History's current projects. In Its completed form it Is expected to comprfse some 1334 biographical articles and 148 constituency suN8ys. tt is concemed with Ihe membership of the Hous8 of Commons during the reigns of Edward IV, Edward V, RiGhard 111 and Henry Vll. This was a perlod charactefised by political instability and repeated usurpations of th8 throne (1461, 1470, 1483, 1485). Mof8over. it was also a crucial period in terns of its parliam8ntary history. during which wa first see in operation many elements of parliamentary proc8dure familiar from the present day. Conversety, the projed has to contend with two major problems, the near complete Ios5 of the parliamentary eSection retums for the reign of Henry Vll and half of that of E(hvard IV. and the decline of both narrative sources and large parts of the public records from the later 1460s. As a resuft, it is often difficult to establish more than an ouuine ofthe biographies of many local MPS. Al Total number of Bio ra hies Articles: Total number of ConstrtU8ncy Articles (where licable Totsl number of revised articles (where licable Total Number of Words Wrftten: 67 139.663 hhi ht 6. Dr. Mackman's work on the quorum of the commlsslons of the peace has led to the discovery of a number of hitherto unknown commissions of the peace. Arnong the striking discoveries in ongoing work on the pardon rolls for the period was a pardon grant8d by Richard 111 to hls swom enemy John Morton. later archblshop of Canterbury. in the days before the battle of Bosvrforth. io hies com leted b nclude 7. Sir Thomas Burgh.. MP for Lincolnshire 1463, 1467, 1478. One of the most prominent figures of the Yorkist r8gim8. 8 knight for the King's body and Edward Iv's Master of the Horse, Burgh navigated the various military and political difficulties of the period, s8Ning three monarchs and eventually reconciling himself to the new Tudor monarchy and belng elevated to the peerage. From a relatively humble but well-conneded background, hg established himself as the chief Yorkist agent in Lincolnshire. building LJP a significant landed base and a spectacular (and still extant) new house at Gainsborough, and being involved in most of the key events of the Yorkist and early-Tudor period. While much of his parliamenlary career is probabty obscured by the lack of evidence. research for this biography has now established that he almost certainty sat in the 1463 Parliament, probably for Lincolnshire. 11.369 words. 8. Sir Hugh Peshale: he was heir to one of the prlncipal genty famllies of Staffordshire, although he did not liv8 to inherit. He advanced himself lo the ranks of the knights of King's body by fighting for Henry Vll at Bosworth. Y8t, despite his rank. h8 failed to secure a valm HISTORY OF PARLIAMENT TRUST-TRUSTEESANNUAL REPORT AND Accoumfs 2024-25 li election for the borough of Stafford. a seat for ￿lch he was singularty over*ualified, to the Parliament of 1487. Two lesser men, both servants of Ihe county sheriff, Sir Henry Willoughby, V￿re returned in his stead. There can be no doubt that Willoughby rather than the borough e18Ctors v4ere responsible for his exclusion, but the￿ is no evidenc8 to r8veal Willoughby's motives. As he too was a member of th8 nèw King's ￿lIsehOld, he might have been 8xpected to faalitate Peshale's election. 2.117 words. 9. John Sturyeon.. he came from a Devon famity. but Sturgeon's father had brought the farnlly to Hertfordshir8 where this MP also made his home. From an early date a member of Edward Iv's hous8hold, Sturgeon served first as derk of the ordnance and then as Master of the ordnance during Edward's campaigns in France. He was subsequently appointed to Ihg national office of Master of the ordnanc8. but dismissed in 1482. His final years wer8 largely spent on his privat8 affairs. MP H8rtfordshire 1472. 1478. 2.386 words. titU8n artid8 m leted the n indude: 10. Bridgnorth: a Shropshire borough that retained representation within th8 Ilmils of its political hinterland. Sevaral of its MPS war8 loumeymen lawyers from the minor genty families from the surroundlng vtlls. The most notable election came In 1461 when Humphrey Blount, a Yorkist disqualified from election for the county as its sheriff, was admitted to the borough's freedom and imm8diat8ly returned to Partiam8nt. 2,942 words. 11. Dert)y.' throughout this perlod, the town's representsllon was dominated by Ils resldents. Only the election of the fK)n-townsman. Roger Wilkinson. in 1472 is anomalous. He was a tenant of the duchy of Lancaster manor of Wirksworth, about 14 miles north of the lown, and hls retum reveals somethlng of the extemal force5 that occaslonally Influenced th8 town's elections. That manor was part of the great honour of Tulbury. then in the hands of George, duke of Clarence, bul localty administered by its steward, the Derbyshire peer, Walter Blount Lord Mountj'oy. This connexion with the powerful Blount family Is the only plausible explanation for Wilkinson's election for a borough with which h8 had no other documented Gonnexion. The return of Mountj'oy's younger son, James Blount., to the same Parliament for the county, d8monstrates the famity's intarest in th888 8leclions. Furth8rmor8, during the 1472 Parliament, the relationship be￿een the honour of Tutbury, the Blounts and the town's representation was made explicit= on 12 Dec. 1474 William, Lortj Hasllngs, who had succeeded Mountioy as steward, entered an indenturè with James, that 'where the town of Derty hath granted and ordained the said lord to have the rule and govemance of the said town.. James was to have the ru18 in his absence. 1,583 words. rhe House of Lords IS5￿1601 12. Established on 1 January 2020. the section consists of three highly 8xparienced full time members of staff (an editor, an assistsnt editor and a research fellow). It is on course to complete in first draft fomi all 246 biographical entries by mid-November 2025 and to be ready for publication at the end of June 2027. The completed volumes, consisting of both biographies and an Introductory Survey. will be accompanied on the History of Parliament's website by a unlque datsbase that records in detail all the known primary sourns for the Elizabethan House of Lords. HISTORY OF PARUAMENT TRu￿-TRusfEEs ANNUAL REPORT AND ACCOUNTS 2024-25 12 Summ ress Table for 24-25: Total number of Biographies Articles: Total Numb8r of Words Written: 152.089 Research Hi hll h 13. Entri8s on three major figures wer8 drafted in th8 cours8 of the last y8ar. Robert Dud18y, earl of Leicester, Elizabeth's favourit8 and paramour): John Aylm8r, bishop of London 1577-94 and de facto archbishop of Canterbury followlng the suspension of Archbishop Grindal., and Richard 8ancroft, bishop of London 1597-1604, Archbishop Whitgift's right hand man. The entry on Leicester, for whom ther8 is still no satisfactory biography beyond hls entry in the Oxford Dictionary of National Biography. examines In detail the earl's parllamentary influ&nc8. not onty In thé Commons bul abo in the Lords. The entries on Aylmer and Bancroft also fill large blographical holes. Students of Bancroft will undoubtedly find part￿ularlY interesting the latterfs fruiuèss diplomatic mission to Emden in 1600, which Church historians, focussed on 8ancroft's ecclesiastical career, hav8 largety ignored. 14. Among the small8r fry ￿0$e entri8s have been draft8d over the last year is William Grey. 13th Baron Grey of Wilton, who was captured on the fall of Calais In 1558 and yet neverthetess attended the earty stages of the 1559 Parliamen( the only peer ever known to have sat in the upper House bvhile a prisoner of war. Another notable entry on a minor figure is that of William West, 1st Lord De La Warr. who was admitted to the peerage In 1570 under circumstances which hitherto were und8ar. The House ofLords I6￿1660 15. The proled began in 2022 in su(tession to the 1640*0 Commons sectlon and Is expected to condude in around 2029. When o)mpleled tt will comprise thè biographies of some 255 peers and bishops and an accompanying survey volume. The project covers arguably the most dramatic and significant decade in early modern British history- the 1640s,' the Lords abolition by the Commons in 1649 meant that the House was in ab8yance between then and the Restoration in 1660. As our work is beginning lo reveal, p88rs featured prominently in the biGameral factlon5 that took centre-stage at Westsninster after 1640 and that conststuted England's first éver national political partr8s. As royal couns8llors and party poltticians they helped master-mind policy and r8fomi by both king and Parliament, and they were intimately involved in trying to reach a Sett￿rnent within Chartgs 1,5 war-tom kingdoms. Perhaps most striking of all was their hoh-profile participatlon in the modem (by contemporary standards) 'fiscal-military' state that Parliament constructed to d8f8at the king. The Lords sat more or less continuously during the period 164048 and their business expanded hugety, becoming more politicalty-charged and controversial as the decade progressed. There was a marked gro￿ in the House's judicial business, and this. along with peers. integral role in Parliament's burgeoning - and highly authoritarian- war- state, provoked a powerful reaction among radicals against the peerage and its constitutional role. Investigating thase developments will take the project to the heart of popular as well as parllamentary politics in the English Revolution. The editor Is Or. Davld Scott. th8 assi5tsnt-etJitor is Dr. Patrick Litue. and Ihe section's n8vAy-appoint8d research fellow is Dr. Alex 8eeton. HISTORY OF PARUAMENTTRUST-TRUSTEES ANNUAL REPORT AND AccouKfs 202¢25 13 Sum Pro rès able for 024-25: Totsl number of Biographles: Totsl Numb8r of Words Written: 218.767 ar 16. Dr. Beeton was awarded the Pollard PTize for the best paper d8llvered by an early-car8er researcher at an Institute of Historical Research serninar s8ri8s, and he app8ared on Radlo 4's 'Today In Parliam8nt' in December. The section has wrltten the biographies of several major figures in 20245- most notsbly, that of William Fiennes. 1 st Viscount Saye and Sele, th8 éminenc8 grise of thè parliamentarian p88rs during the civil war. At approximatéty 32,000 words this will probably be the largest biography of th8 project. Bl hies I ted Ind 17. Henry Bourchier, 5th earf of BATH. A man a very varied and colourful car88r, Bourchier began life as an academic in Ir8land. and succeeded to the earldom unexpectedly, aged 50, In 1637. He was an antiquarian with a wide range of friends, notably Archbishop Ussher. and his Circle was further wid8n8d by a succ8ssful marria98 with th8 Slstèr of the 8arl of W8slmortand. He was a very actNe member in the first year of the Long Parliament, working with the Junto In the trial of Strafford, bul th8n gradually becomlng dlsillusioned wlth attacks on royal aulhorrty and above all the Church. He sidèd wilh the king in 1642. but was lukewarm in his alleglances. and hls career was somewhat checkered. as he was accused of lack of commitment and even conniving with the enemy. He died in 1654. (13,620 words) 18. Francls Russell, 4th earl of BEDFORD. Lon*regarded as one of the most important peers before his death in May 1641, Bedford is revealed in this biography lo be a mor8 equivocal figure, whose attempts to broker a settlement between the king and his critics were hampered by 111-health and bereavement, as well as by bad-faith on both sides of the polilical divide. His scheme had already failed by the lime of his premature death. of small pox, a few days before the exe¢utlon of the earf of Strafford. (9,246 words) 19. Mildmay Fane. 2nd earf of WESTMORLAND. Fane's paerage and his extensive estates In Kent and Northamptonshire should have made him a major political player in the 16405. Instead, 'sedU￿d by love of the Muses,, he d8VOted much of his time to literary pursuits, and during a 40 year P8ri¢xI he would write some 900 (mostly execrable) p08ms in English and Latin and at least e*3ht plays and 'entertainments'. He was a keen angler, and some of his better poetry recounted epic fishing trips. A royalist at the outbreak of civil war, he was quickly captured and in 1644 made his peace with Parfiament. Although labelled a 'Presbyterian' by English Irierature scholars, he was an￿hIng bul and remained deeply committed to the Church of England and the mC￿archy. He lived to See the Resloration and spenl his final years writing against and harassing that'cursed secr of puritans. (4,964 words). 20. George Goring. 1 st Baron GORING OF HURSTPIERPOIW. Goring excelled in the courtly arts of wit. &asy manners and ingratiating himseff with his royal masters and their favourites. So sucossful was he in wringing pensions and sinecures from the early Stuart kings or in selling himserf as a manager of royal revenues that he acquired the sobriquet of 'captain projectorf. He sided with the king during the first civil war and served as HISTORY OF PARLIAMENT TRU￿-TRusfEES ANNUAL REPORT ANO AcCoU￿r5 2024-25 14 Charles's ambassador to France in 1644. Appointed gen8ral of Kent's royalist rebels during the second civil war, he spent much of his time reading romances. Following hls inevitable defeat and Capture he onty narrTh￿Y escaped execution. The restored monarchy's rejection in 1662 of his btd to recover the gr8at farm of customs reportedly broke his heart and certainly his credit. and he died sPK)rtty afterwards, leaving massive debts. (7,559 words) 21. John Willlams. bishop of LINCOLN. A scholar by incfination and a Calvlnlst theologically, Williams became most important bishop in the Lords before the cNil war. His incarceration in the Tower of London at thé hands of A￿lbIShop Laud during th8 1630s gave him great influenre with the king's opponents after his release in November 1640, but his attempts to bring moderale refomi to the Church of England were not SUCC8ssful, and he 8nd8d 1641 as a strong supporter of the king a position that led to his promotion to the archbishopric of York and, after a111-iudged attempt to overawe the Lord5, hls retum to the Tower. During the civil wars he held Convry Casue for the king. (14,098 words) The House of Lords 171&1790 22. The project commenod fonnally in January 2018, following publication of the Lords 1660- 1715 in 2016, and is set to complete in approximal8ly 2034. During the financial year there were 3 full-time members of staff: the edilor is Dr Robln Eagles, and there were I￿0 senlor research fellows, Dr Stuart Handley and Dr Charles Ltitseton. though Dr Handley retired in May 2025. The project covers a key period in the history of the Lords, which is ripe for reappraisal and indudes some of the most signtficant political players of the 18th century, Including Slr Robert Walpole (In thè Lords as earl of Orford). William Pitt th8 elder (earf of Chatham} and the duke of Newcasue. There a￿ several peers famed for the wrong reasons.. Earl Ferrers. the lasi peer hanged for murder. and Lord Hervay. Ihe author of famousty caustic memoirs of the re￿n of Georg811. During the period. the Lords also sat in trial on tha duchess of Kingslon, who was convicted of bigamy. The Lords considered issues relating to reform of the House, notably in 1719 when bills were introduced to 8bolish the anomalous Scottish representative peers, replacing them with 25 h8reditaries, and freeze th8 SIZ8 of the peerag8. On several occasions, the Lords was the chosen battleground for slgnlficant political crises to be played out. notably over the 1783 East India bill. which preclpltated the fall of the Fox-North coalition. umma S Table fcf 24-2 Total number of Biographles Artides.. 69 Total Number of Words Written: 199.872 R8sear¢h Hi hll hts: 23. Members of the section tackled several major figures In the period, most slgnfficantly, Dr Handley's article on William Putteney. earl of Bath, a key figuré in the opposition to Sir Robert Walpole. and briefly appointed to th8 head of the treasury himself. HISTORY OF PARLIAMENTTRUST-TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024-25 leted thés ude: 24. Hugh Boscawen. 2nd Viscount Falmouth (1707-1782}: From a powerful Comish famlly, 8os¢awen lost his seat in th8 Commons in 1734. but succeèded his father the following yèar. In the Lords, he oppos8d Walpole and his 81ectoral role in Cornwall was fundam8ntsl to the decline in Walpole's majority in the 1741 general 6ledon. Following Walpole'8 fall he moved to support the Court, his electoral power remaining his main attraction to leaders such as Henry Pelham. Newcasde and North. (5,089 words) 25. Jamas Brydges. duke of Chandos (1674-17441: 'Princely Chandos. was notorious for th8 vast fortune he had made as paymaster general. 1705-13. with which he built his Eavish 'palac8' of Cannons. During th8 Whig Schism he vfas approached to take up lead8rship of th8 Tr8asury, as a moderate Tory in a 'broad-bottomed' ministry. H8 lost heavily in th8 South Sea Bubble and. having to retrench his spending. largely retired from publk Ilfe after 1731, regularly assigning his proxy kn Walpole's son-in-law. (6,287 words) 26. Thomas Howard. 3rLI e8A of Eifingharn (1747-91).. Effingham resigned his military commisslon in May 1775 in a publlc gesture of refvsal to fight the Amerlcan colonlsts. Over the next few years, he vms a keyftgure in the opposition to the North ministry.. as a speaker and protester. and particularly as a teller. After the fall of the North mlnistry he took office, und8r the marquess of Rockingham as treasurer of the household. and th8n und8r William Pitt. first as Master of the Mint. and then as govemor of Jamaica. {7.047 words) 27. Thomas Pitt, 8amn Cameffonl (1737-1793}: Camelford was r8lat8d to some of the most prominent politicians of the period, induding Prime Ministers.. Pitt the Ekder and George Grenville. He was much ¢Sos8r lo the latter and it was durlng Grenville's admlnlstration that he held office as a lord of the admiralty. On occasion a livety speaker (both In the Commons and the Lords), periods of fier￿ activity were interspersed with long inteNals when he avoided politics. Hè played a key role around the fall of the earf of Shelbume as a ¢onduit between th8 king and other potential ministers and was even earmarked for e leading role himself. He dedined. however. and instead was the first of hls cousln PM the Youngerfs promotlons to the Lords. (5.123 words) 28. William Putteney, earf of Bath (1684-1764).. Prior to hls elevatlon to the Lords, Bath's career had been defined by his Oppos￿On to Sir Ro￿rt Walpole. Following the earl of Wllmington's death in 1743 he attempted to secure the post of first lord of the Treasury, losing otjt to Henry Pelham. He tried again In 1746, when most of the Cablnet reslgned. Bath lost his posilion in th8 Cabinet and henceforth played a p8ripheral role in nalional politics. The accession of George111 saw a revival of his influence and the consolidallon of hls plans for a political dynasty In Shropshire. buikling on the estates he had acquired from the Newport family.111.194 words) 29. Laurence Shlrl8y, 4th Earf Ferrers (172(k1760): Fe￿erS was Ilttle known outslde of hls locality beyond occasional anecdottss suggesting that he was a Jacobite sympathizer. He came to much wider attention over his ill-treatment of his countess. the breakdown of their marriage and hls subsequent killing of his estate steward. He was tried for murder before the Lords In Westminster Hall and. in spite of trying to plead insanity. was found guilty. He was the last member of the Lords to be hanged for murder as a common criminal.12.711 words). HISTORY OF PARLIAMEl￿TRUST-TAusTEES ANNUAL REPORT AND ACCOUNTS 2024-25 16 The House of Commons 1832-1868 30. This projed explores one of the most transfonnative Periods In the United lfjngdom's history. V￿delY regarded as the birth of rnodem British democracy. Covering kèy political events such as the 'Great' Refomi Act, it examines how MPS and Partiam8nt dealt with an unprecedented range of social. economic and kjcal issues arlsing frorn rapid industrialisation and urbanisation. Detailed biographies of 2,591 MPS a￿ being produced, alongside political hlstories of all the 401 constituencies in England, Ireland, S¢otland and Wales. Aided by the latest digital research methcKls. articles are being produced far more rapidly than previous publications and pr8s8nted in a new web layout, in which th8 text will be supported with links to original sources. Particular attention is being pald to the neglected role of non41ile MPS. behind-the-SC8n8s activists, nonwelectors and women in shaping both local and national politul lif8. 7 million words has been drafted so far, with review, website providing pre-publication access to work that Ss already being clted widely and praised for its 'invaluable ￿OlarShIP 31. A related 'Vi n Commons. y￿b$[te attracts over 30,OCIO views per year and includes hundreds of shorter articles showcasing highlights from the project. Alongside thelr research, staff host and attend conferences. run seminars and co-supervise PhDs in collaboratlon with unlversitles. The prolect Is very active In uslng soclal media to promote Victorian polllical history. 32. The prole¢t starled In 2009 with 5 FfE slaff, Including Dr Philip Salmon (editor) and Dr Kathryn Rix (assistant editor). Staffing later declined to 3 members. A 4 mgmber of staff joined in Nov 2024. The project's 3 senior staff also undertake management rotes, making the Current staffing level 3.2 FTE. mm Pr Tab for 24-2 Total number of Bio ra hies Articles: Total number of Constj'tuency Artides (where licable Total Number of Words Written: 74 17 377 395 Research Hi hts: 33. The 17 new constituency articles totalling 150k word5 Included entries exF4oring the local politics of Bucklngham. CambrKJge Unlverslty, Denbighshire, Dorset. Dudley, GIOU￿Ster, Gloucestershir8 East. Gloucestershire WesL Marylebone. Oxford University. Southampton and Tewkesbury. 34. Southampton.. a spa town and port wtth a reputatron for venality. Southampton's economic prosperity was transfornied during this p8rM)d. with the value of the exports growing from £62,000 in 1832 to £5 mlllion by 1865. Its population and electorate almost tripled and by 1865 neafly half the electors We￿ knrking-dass.. The ele¢loral shenanigans of notorious local boroughrymonger John Fleming MP helped thè Tones Capture both of Ils two seats in 1835 and 1841. The ov8rtuming of the last election for exiensive corruption, however, plus th8 construction of a railway and new docks for the P&0 steamship Company. marked a key tuming point. In 1847 P&O's chairnian Brodle WSllcox was returned unopposed alongside another Liberal MP. the noted jurist Alexander Cockbum. This Liberal dorninance lasted until 1862. when local disagre8m8nts alkswed a ' A. Hawklns. Vlrtoriun PoIltlcalCul￿ye {Oxford. 20151. p. Ix. HISTORY OF PARLIAMENTTRU5T- TRU5fEES ANNUAL REPORT AND ACCOUNTS 2024-25 17 Conservative to slip in at a by¥election. Thereafter shared representation became the norm, with the Liberal-conservative Russell Gumey, a leading campaigner for women's rights. and the advanced Liberal Georg8 Moffat, a 'merchant prince. in Ihe China tea trade, being 8le¢ted in 1865. 35. The 74 biographies induded many non41ite MPS arKI some 'colourful' characters: 38. Humphrey Brown (180MO).' a Tewkesbury mérchant. Brown tried his hand at various enterprises and was ￿lce declared bankrupt before making his fortune in th8 'railway mania, of the 18408. This enabled his succ8ssful GandKlature for his native town as an 'indspendent' Liberal in 1847. His decade as MP ended in disgrace, however, after he b8cam8 embroiled in a major financial scandal following the collapse of the Royal British Bank. Defeated at the poll and decFared bankrupt for a thir(1 time in 1857, he was sentenced to a year's imprisonment for fraud. Released earty on health grounds, he made a falled attempt to re-enter the Commons in 1859 and died the following year. 37. Edmund Lechmerg Charfton (1789-1845): a 'crazy-brained fellow, Charllon's brief parliamentary career as MP for Ludlow, 1835-7. Indud8d hmo averted duels, a threatened breach of privllege motion against the Moming Chmnicle and a three-week imprisonmenl in the Fleet prison. A notorious gambler, Charlton was consldered a 'political chameleon, who was 'by tums a republican, a Liberal, a Cons8NatlV8. and an ultra-Tory'. He is b8st known for his campaign against the Whig municipal corporation reforms, which ultimatgly led to hls Imprlsonment. 38. John Pender (1816-1896): a 'humble' Scotsman, Pender is best known for his extraordinary ragS-t(￿r1Che8 career in the textile finlshing industry and transillon from 'mer¢hant prince, to 'cable king, by creating the world's first submarine telegraph network. HIS brlef stint as a Llberal MP for the notoriousty corrupt borough of Totnes, 1862-66, where h8 was unseated for 'p8rsonal bribery,. has attracted little attention. Yet it not only damaged his business reputation bul also delayed fomial recognition of his achievements as a founding father of modem telecommunications. He later represented Wick Burgh5, 1872-1885, and 1892. 39. Edward Scott (1805-1868): 'poor as a rat. but fond of 'pr8tty V￿Men., gambling and the turf, Scott pursued an amiy career in India before seducing and marying an heiress In Maidstone, where he became a Tory councillor. In 1857 he was relumed for Maldstone by 8 wealthy Ioc81 Tory MP, allegedty as a 'paper candidate. ready to r8sign in a secret 'compromise' with the Liberals invofving election petitions. Instead, he sat as an adive but silent Tory backbencher untll 1859. A leading figure In Kent's volunteer movement Ihereafter, and an avid V￿ne Collector, he dted frcffi liver dlsease in 1868. 40. Brodio McGhie Willcox (1784-1862): the self-styl8d Yather arKI founderf of P&0, which he ran with Arthur Anderson MP and tumed into the largest steamship operator in the wortd. Willcox was elected for Soulhampton in 1847. A dose friend of Cobden. who considered him a 'good radical., he made short speeches on maritime issues and lobbied Su￿SsfUllY for govemment contracts for Southampton as a port. He died in hamess after b8lng hli by a falling tree in 1862. 41. Edwin James (1812-82).. a successful barrister, James was tipped for high judicial offi b8for8 a spectacular fall from grace. Elected as a Radical for Marylebone in 1859, he gained notoriety for savaglng the Liberals. refomi bill and a much-publicised unofficial mission to support Garibaldi in Itaty. In 1861, however. he resigned as an MP and was disbarred as a QC for taking loans from his dients, opponents and throwing, cases. Accused of owing £35,000, he filed for bankruptcy and fled abroad, marrying a rich widow. HISTORY OF PAAUAMENT TRUST-TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024-25 18 who later divorced him and penned a savage riovel attacking his behaviour. He died in povety after unsucGessfulty trying to restart hss legal career in the US Contemporary History 42. The ContemFM)rary History Sedion c¥Jncentrates on creating. utillslng and promottng our oral history sound archive of lntarv￿wS wth fomar MPS. This unique archive preserves the 'life stories, of Members throughout the county. from all parties and a wide range of backgrounds. The interviews are undertaken by a team of staff and volunteers. and are archived with th8 British Library; this year they averaged over 7.5 hours in length. 43. The materials Collected give us a very personal Insight into the parllamentsrians who S8Ngd be￿8&n 1952 and 2024. They indude rich details of private INes: family background, 8ducation, motivations to enter politics. selection 8XP8riences and the difficult balance of family life and a political career. The archwe offers valuable Insights into hlgh polili¢s - the passing of specific leglslation, speaking in the chamber, ministerral lives whilst also capturing parliament's culiure'behind the scenes,: gossip in the tea room. paty management and working conditions. They indude a wealth of materfals on constituency politics, Gqse work and campaigns. They end with a reflective section on what changed in partlament over the course of the MP'S career. and thoughts on achlevements and regrets. 44. The project is staffed by Emma Peplow and a part-time oral histixy project manager (Emme Ledge1v￿¢￿￿rIe Steer). We manage a team of around 20 volunteer Intervlewers, who are train8d by the projecvoral Hlstory Soclety and are supported throughout thèir interviews with individual and group feedback We draw on the archive for academic and publlc engagement work, including conference papers. academic Collaboratlons, our podcast 'Tales from the Green Bent*es'. and social media posts. mm ssTa Total number of com leted Interviews: Total number of int8Niews commenced: Tolal Hours Recorded: 241 252 17this 17 thls ear 129 this 8ar ear 45. Thls year our archlve has expanded to Indude more material on politlcs after 2010. These include insights into the 2010 coalition govemment; Jeremy Corbyn's sometimes difficult leadership of the Labour party, and our first reflections on both the 2016 Brexit referendum and the political chaos that followed. These more recent MPS describe a changing culture In the Commons: one where MPS are18ss likely to congregate in the bars or tea rooms during lat&night 5ittings', but one which is also more diverse and feminin8. Wlth nolably dffferent expectations on behaviour both in th8 Chamber and the Palace as a whole. nteNI is 46. Menzies Campbell Liberal Democrat MP for North East F￿8. 1987-2015. This interview includes Lord Campbell's reflections on his athletlcs and legal career5, before discussing his time as MP, including interesting material on for8ign policy committ8es. and as party leader. Int8rviewed by Nick Walker. 5 sessions totalling 8 hours 7 minutes. HI￿ORy OF PARLIAMENT TRUST-TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024-2S 19 47. Andrew Hunter ConservativelDUP MP for Basingstoke. 1983-2015. Hunter was drawn into right-wing Conservative polttics due to an interest in Rhodesta and Northem Ireland. Hunterfs Increasing involvement with Northem Ireland led to considerable personal difficulti8s when he was tsrgeted by the IRA. and tater led lo him joining the DUP. He also discuss8s African politics and his involvement with the Monday aub. InteN18v￿d by Peter Reilly, 4 sessions totalling 9 hours 15 minutes. 48. Joan Ruddock Labour MP for Lewisham Depfford. 1987-2015. Ruddock charts her career from a girls, grammar in South Wales. her almost accidental involvement with CND following the stationing of nuclear missiles at Gr8enham Common, and her 818¢lion to partiament. Ruddock fa¢ed various difficutties due to her high profile whilst In padiament. However, th8 interview is particularly strrking for Ruddock's reflections on her personal life. including her struggles Y￿h fertibty, the breakdown of her first marriage. and h8r campaign for legalizauon of assisted dying followng the death of her second husbarvj. Frank Doran. Interviewed by Debra Davldson-smilh, 4 sessions totsllin9 9 hours 34 minutes. 49. Gisela Stuart Labour MP for Bimiingham Edgbaston. 1997-2017. Born in Gerniany, Stuart recalls how she faced xenophobia in her political car8ar, both from media and f8110w- polillclans. Her Involvement In politics began with the electoral reform society and eventually led to a high-profile posltion In the 'Out' campaign during the 2016 Brexit referendum. Stuart is frank about her unusual care8r. and highlights include a humorous retelling of her 1997 818Ction night phone call with Alislair Campbell. Interview8d by Richard Pumell, 5 sesslons totalllng 11 hours 4 minutes. 50. Anne Milton Conseprfative MP for Guildford. 2005-2019. Milton describes her unusual ¢areer from hospital and communty nursing to a centrist Conservatlvè politician. Her Ilme In parllament Is particularly interesting due to her fole as 'welfare whip,, and her efforts lo change the culture of both the whips. operation and the House Itself. The interview oncludes with her reftections on the machinations around the Brexit deal which led lo her losing the Conservative whip and slanding as an indepèndent in the 2019 general election. Interviewed by Emme Ledgerwood, 3 sesslons totalling 8 hours 6 minutes. Engagement 51. The Historls engagèment VKJfk dissemlnates the results of rèsearch to the wldest posslble audience, encourages the research of others on the hlstory of parflament and paHiamentsry institutions, and promotes scholarly and educational activty. Below is a summary of the History's work across these areas in 2024-25. Publlc Engagement 52. 2024-25 marked a significant step forward in the Hlstory's commltment to deepening and embedding engagement across the Historys activities, wtth the fomial approval of engagement strategy 2024-2027. This outlines clear tsrgets for 8mbedding engagement at the heart our research culture. hll hts this ear have been: 53. Capacity: building Gapacty within exlsting teams has been a we priority. Staffing levels and support for engagement has increased (the PE team now has 2.5￿E and is support by s8nior role holders from aGross th8 organisation). AU staff are bein9 8ncourag8d and HISTORY OF PARUAMENfTRUST-TRUSfEES ANNUAL REPORT AND ACCOUNTS 2024-25 20 support8d to undertake angagement activities. and to share th8ir research intemally and externally. 54.Digital: significant progress has been mad& on devek)ping the History's digital infrastructure. There have béan strands to this v40rk. First, th8 rebuilding of tha History's database, which is curr8ntly end-of4rfe. In 2024-5 significant progress was made on this complex database. and a BEfA launch is scheduled for 2025-6. Simultaneously, the Historls WordPress &te has been redeveloped. this included the recategorization of all archive articles and restructuring the site's layouL This will be launched in 2025-6. 55. Dlssemlnatlon: the History has engaged in a wtdg range of activity a￿osS the year, and this detai18d below. Highlights include a new podcast Tales from the Green Benches.. An Oral History of Parfiament. made in collaboration with Zinc M8dia and widely reviewed in the national media., Georgian Elections Pmiect, a social media campalgn whlch ran alongside the General Electlon In 2024, introducing a new audience to eighteenth political culture: briefings wtth key parliamentary stakeholders, induding th8 Hous8 of Commons Library arKI the House of Ltyds Library. umma ble for 24- Total website vi8WS ordPress Total website articlès written Total webslte views Total short fonn vid808 Total video views Social Media followers (at end of Mar 25 Total odcast downk)ads Events Held 192K 85 287K active users 20 187K TY￿tter. 17.1 K. BIu8Sky: 7.588. TikTok: t of Events 24- 30 May OH Volunteers Parliament Introductlon to the History of Parliament. House of Commons Libra 'The Commomvealth at 75. book launch, Westminster Abbey Tour In person.. 8 attendees 20 Jun8 Online talk: 30 attendees. 9 October In collaboration with publishing partners St James's House. 15 HPT attendees Sector fair organised by SAS & IHR. Mutti le visitors to HPT stall. Hybrid talk: 30 attendees 4 November 'History Darf, Senate Hous8 30 January Introduction to the History of Parliament. House of Lords Libra 'London and Parflament,. Jubilee Room 17 March 60 attendees HISTORY OF PARLIAMENTTRUST-TRU5fEES ANNUAL REPORT AND ACCOUNTS 2024-25 21 Below Is a summary of publle engagement actlvlty wlthln aach projecL" The House of Commons 14 1-1504 56. The section has been engag8d a wide range of academic and public èngagement this year. A key htghlight as been the section's hosting of an int8m from the University ofyork's MA course in public history, who has been working on a projed focused on the Commons during the Wars of the Roses. Members of the section have activety Contributed a number of broader initiatives to raise awareness of the History's work. including the briefings to the House of Commons Library and University of Northampton, London and Parliament, from thé medieval to the mod8m' 8v6nt held in the Jubi188 Room. Palac8 of Westminsler", and a¢ademlc papers and other engagement actlvity. Th8 Hou fL 8 1558-16 57. The sedion has presented their key findings and research progress to a range of audlen¢es. Thls includes disseminating research to key academic audiences, supporting media ènquiries, and supporting wider History events. including briefings to th8 Lords Library and events on k)cal histories. 58. After the hectic year 20234, whlch saw multiple launch events for the Commons 164040 volumes. Ihis year has been quieter for this section. Nevertheless. the s8Ction has built on its reputation as being a c6ntr8 of excellence for the 1640-1660 Palac8 of W8Stminster. Key hlghlights have included a colloquium C￿ Parliament in the 1640s, landmark publications on the Church in Ireland under the Stuarts, and app8aranc8s on Today in Parliament on BBC Radio 4. In September 2024, Alex Beeton was awarded the Pollard Prfze for best paper deliver8d by an early career researcher at an Instllui8 of HistorScal Research seminar, vthlch took place durfng the 202>24 academlc year. The House of L 59. During the year. members of the section have bèen actively inVo￿ed in raising awareness about the work of the project and the History of Parliament more generally, as well as collaborating ¢losely with colleagu8s across other sections. In April 2024 members of the section participated in a day workshop al th8 British Library COwofganiz8d with Dr Alexander Lock Reconsidering the Legacy of Robert Harfey. earl of Oxford. 1724-2024. In May, June and July, Dr Eagles worked vAth mèmbers of the engagement team In promoting the Georgian Electlons Project, tlmed to colncide with Ihe General Election. Much of the content was the resuft of vmrk V￿th two MA students from the Universty of York. This included an array of blogs and short-fomi videos contrasting th8 world of 18th- century politics with contemporary electioneering. It also Involved colleagues prewous Involved In the AHRC-funded ECPPEC project (Universities of Newcastle and Liverpool). Dr Hillary Burlock and Dr Kendra Packham. Dr Eagles has spoken at a wide range of evènts, including Marx Memorial Library, Worshipful Company of Fletchers, as part of lh8 Open House Weekend (alongside Dr Klgnnike), Shirley Townswomen's Gulld on Wilkes and varrous History wide event on the Partlamentary Estate. The House of Commons 1832-1867 60. Across 2024-25. the Victorian Commons sectlon has disseminated and intrL>Jueed its research to 8 wide range of audiences. The section's website has 8ttached over 30.000 views, and has a growing social media engagement. The Sedion have given 16 publlc talks and seminar papers to a wide range of audiences, induding parfiamentarian and academlc. The section's members are regular contributors to print and broadcast media, and are ¢¢xreating a new BBC Radio 4 series 'Objects of State.. A major grant (c. £100k) was award8d by the Arts and Humanities Research Council for a n8w collaborative PhD HISTORY OF PARLIAMENT TRUST-TRusfEES ANNUAL REPORT AND Accoumfs 2024-25 22 programme between the 183248 project and the Unrvèrsity of Sheffield examining the erien f Irish MPS in the 19" century. with Dr Salmon acting as oTrsuperrfisor. Contem 61. A kay highlight for the s8Ction this year swas the r818ase of the podcast. Ta18s from the Green Benches,. The episodes are still available and have been well-received. The podcast featured in the national press and was discussed on BBC Radio.The section delivered the keynote lecture for the Political Study Association's'oral History and Polltics, workshop, and Emma Peplow was also a panellist at an Institute for Government event on whipping that included fomi8r Chief Whips.. Academic ¢ollaborations have continu8d throughout the year. including a successful and k)ng-t8nn Collaboration 'A Manly Place, with Professor Helen Parr (K88le University) and Grac8 Heaton (Mansfield Colleg8, Oxford) on the experiences of women MPS after 1997. Academic. university andprofessional engagement 62. The Hlslorfs unparalleled and detalled kn(wledge of the hlstory of British politics Is much sought after by the scholarly communlty. The History disseminates its scholarty research with acadèmic audiences vl8 publlcatlons. research C£+llaboratlons, teachlng, and academic citizenship. Publications 63. The History's staff continu8 to build on their reputation as the Country's leading experts In parliamentary and political history publishing numerous academic articles and monographs. Key hlghlights thEs year have indudes: R. Eaglès, ChampiLin of English Freedom.. the lrfe of John Wilkes, MP and Lord Mayor of London (Amberley, 2024); P. Little, The Church of Ireland under the Stuarts. edited by Patrfck LIWe (Four Courts Press, Dublin)., H. Kleineke. Pardon Rolls of Hanry Vll. 148&1509 (List and Index Society 368, 20241; J. Mackman, Juslices of the Peace of the Reign of Henry Vll 1485-7509 (List and Index So¢lety. 2024); K. Rlx 8t al, Routled e HistOriC81 R8S Polilical Hi htt s.'//routl liti Ihi Research Collal)orallons 64. The History has a numb8r of ￿llaborationS with universities in tha UK and abroad. These have largely taken the form of Arts and Humanities Research Council (AHRC) Collaborative Doctoral Awards (CDAS), although the History Is also involved in projeGts funded by major grants from the Research Councils and oth8r granl-giving bodies. Such projects offer the History ways of enrlching, developing and promotlng and extendlng the reach of its ovm work in engagement with other scholars. 65. In 2024-25 the History PartI￿pated in two CDAS: Robln Eagles is joint supervlsor with Amanda GoOd￿Ch of the Open University of a PhD Studentship on 'The Black and Mixed Ethnicity Presence in British Politics. 175 1850., Paul Seaward continues to be Joint supervlsor ￿th Anthony Milton of sheff￿ld Universty for a studentship on 'Bishops and the English Parliament c. 1558-1642,. 66. In 2024-25. the History secured fijnding for a further CDA project vdth the University of Sheffiehj. This will commence in 2025-26. 67. The History Is involved In a number of collaborations as a partner institution or co- applicant. InVo￿eMent nomally means participation in the projecis. respective advisory HISTORY OF PARLIAMENTTRUST- TRUSfEES ANNUAL REPORT AP4D ACCOUNTS 2024-25 23 boards and offering advice and occasional assistance where required. Curr8nt collaboratlons undeThvay Involving the History are: Australia National Universrty: Martin Spychal is Hansard Consultant. UK and Advlsory Board member for the Australia National University, 'Al as Infrastructure.. proj8d, 2024-2026. The project expk)res the application of Al models to historic padiamentary debates in Australian, New Zealand and UK conlexts. Other project partners: UK National Archives: Klngs College, London: New Zealand Department of Intemal Affairs" Australian Parliamentary Library Exeter University and York University: the L8v8rhulme fund8d proj8Ct Parliamentary Empire.. British Democracy and Settler Colonialism. c. 186T-1939', commenced In September 2021. It is led by David Thackeray (University of Exeter) and Amanda Behm (York). The History is a partner inslitution. 68. Continued V￿rk on ongoing projects with Open Unlversty. Keele Unlverstty, Unlverslty of Manchester, University of Sheffield. University of Birmingham. University of Le¢￿ster, Durham University, Newcastle University, UCL, University of Northampton, University of Exeter, University of Oxford, UEA, Leeds Beckett Untversity. Keele Unlv8rsity. Nottingham Trent University, Universty of Southampton, University of Sussex, University of Buckingham, Royal Holloway. Unlversity of Worcester. 69. The History continues to b8 a founder m8mber institution of tha networf( of Europ8an Parliamentary Historians, EuParf.net. Partners besldes the Hlstory include the Centrum voor Parlemenialre Geschied8nls at the University of Nijmegen and the Kommission flir Geschichte des Parliamentarismus und der PolitI￿hen Partien (Commission for the History of Parliamentarism and political parties), which is funded by and works closely with the German 8und8stsg,' the Institute of Contemporary History in Prague,. the University of Jyvaskyla Sn Finland. and the Comité d'histoire parfementaire et politique in France. 70. Finally. the History encourages and supports research by others on th8 History of Parliament and Parliamentary in$ts"tutions is supporting and sponsoring research events. In 2024-25. the History sponsored three events: The Histories of Scottish Politics in th8 Age of Union c.1701>1945 at the University of Durham; Reconsidering th8 L8gacy of Rob&rt Hartey, earf of Oxford, 1724-2024 at The British Library. Parliament and Revolutionary 8n'tain. held at The Hlstory's offices. The Parliaments, Polittcs and People semlnar at the Institute of Historical Research is run by a number of the Hlstory's staff. wlth the fortnighlty s&8sions now attracting around 70 attendees per sesslon eachin 71. The History has developed a national reputation for delivering skills based leachlng to undergraduate and postgraduate students. This national reputalion is highlighted by position as a partner institution on the HRC-fund 'Inclusive Histories., a major proj8Ct, which has received £1.5 million in funding, to support teachers with rn0￿ incluswe UK politlcal hislory resources. The project leads are Dr Matthew Smith, Royal Holloway. and Dr Ayshah Johnston. Leaming and Engagement Manager at Black Cultural Archives. In 2024-25 staff delivered training support to students at UCL, Keele Universfty. Unlversity of York. the University of Northampton and Buckingham UnNer5ity. 72, The History has continued its regular compettllon for the best undergraduat6 dissertation on British and Irish political and parfiamentary hkstory. The annual prize was awarded to Jago Westaway, University of Cambridge. for'Fragmentation and Coherenco in Protestant Northern Irish Partlsan Groups from 1969,. HISTORY OF PARUAMENTTRUST-TRUSfEES ANNUAL REPORT ANO ACCOUTrUS 202¢25 24 Academic itizenshi 73. The History's staff contlnue to interact routinely with the wider academlc communlty, principally through contributions to conferences and semlnar5 and publication In academlc history joumals. Staff of the History are editors or memb8rs of the editorial board of a large numb8r ofjournals Con￿med bwth Britrsh and parliam8ntary history, or trustees or board member5 of organisations that deal with these subjects, including the Intemational Commission for the History of Reprwsentative and Partiamentsry Institutions, P8rli8mentary History and the Partiamentary History Trust. the Historical Assoclation. the British Association for Local History, the Court Studies Society and the joumal Court Sludi8s, London Joumal. the Cromwell Assouation. th8 Victoria County History Trust, Fifteenth Gentury Studies, Joumal of Liberal Hlskny, Scottish Hlstorlc81 Review, and many more. Other en Digital.. 74. The History also hosts a small sit8, memb8rsafter1832.historyofpartiamentonline.org, initially built as a collaboration between the History. the Parliamentary Digital se￿1￿, and the Hous8 of Cornmons Llbrary. The sile is based on the database Created orlginally by Professor Mlchael Rush from the Universty of Exeter and is kept up to date by staff of the House of Commons Library. We also maintsin a pemianent home for the dalabase created by Sir David Beamish. the fomer Clerk of the Parliaments. of p88rage creations since 1800. Th8 Slte is available online at https'.Ilpeerages.historyofparliamentonline.orgl. 75. In addition, the History is a founding partner of the onfine library of digital resources developed by the Institute of Historical Researth. British History Online. St James's House.. 76. The History's relalionshlp whh the publSc relatlons and publlshing company St James's House start8d in 2013. and is based around the production of a series of books on themes lo do wrth the history of the Brilish parliament and parliamentary politics. The history contributes the main text, usually wrltten partly in-house and partly by external Contributors; St James's House sell to companies and organisations the opportunity to Contribute text about their own activit18s and athi8V8ments, and the two elements are combined in a well-produced and highly illustrated volume which the company distrlbutes widely and promotes through a launch in a central London location. The History recelvè$ from St James's House a regular fee for its collaboration, and, under prevlous contracts. a royalty on advertislng sales over a defined threshc4d. ement activi 77. In 2022 we agreed with St James's House a renewal of the existlng contract we hold with them, which now expl￿ in August 2028. The new contract covers four books lo be published over five years. It offers an increased f88 to the History totalling £480,000 over five years, though without royaRies. The four books concem.. Parliament and thè National Health Servi¢e, which was published In 2023, marking the 75 anniversary of the NHS; Ihe House of Commons chamber and the Commonwealth grfts. which was published In 2024: Parfiament and Monarchy. to be published in 2026: Th8 Equal Franchise Act, marklng the anniversary of the equaAsation of the voting age for men and women In 1928, to be published in 2028. 78. In October 2024 we published the second book under the 2022 Contract, covering Parliament Democracy and the CoMmonv￿1ih. Tre Commonwealth at 75.. There was a launch event at Westminster Abbey. HISTORY OF PARLIAME￿TRUsT-TRU5￿EEs ANNUAL REPORT AND ACCOUNTS 2024-25 2S Value Report: 79. The History is part of the key infrastructurele(xJsy6tem of Britlsh hist0￿Cal knowledge and und8rstsnding. 80.The History provid8s original and signfficant contributions to our knowledg8 and interpretallon of British parliamentary. political and social history. This Is evident in the Introductory surveys to our publications. collateral research publications, and our short research articles published via our website. In addf(ion to Its published work. Ihe History actively engages in knowledge transfer by collaborating with schools, HEIS, heritage organisations and other organisations. 81. The History's work is referenced and r8viewed across a wide-range outputs. Examp18S from 2024-25 includ8.' N. A b8s & Y. A had 'R8visilin thg Bn"tish Forward Polic in 8alochistan' The Commonweatth Joumal of Intemational Affairs and Poli Sludi6S 2025 ' E. de Cham s 'The Refomi Bill Crisis 1830-1 32, 2024 French Joumal f British Studi Git s Salm lish Ref islalion, E. rewe 'Stral& icl noranc8 and Intore in the UK Parliament Th Case of Tran nti Afvc8n T ffi kin and Chattel Enslavement. Intemational Joumal of Parfiamenta Studies 2025"J. Pa Third Earl eralism and the British Em ire, Modern Intellectual Histo 24 P ckham 'M and, e-mana electton hteenlh enlu electoral culture ular litiGs and Ihe rhetoric of olilical s ace, Historical Research 2025 N. Abbas & Y. Arshad 'Revisitin the Bntish Forward Polic in Balochislan, Th8 Commonwealth Joumal of Internalion81 Affairs and Polic Studies 2025 ' H. Doe One Crgw.. The RNLI s Official 200-Year Histo 2024 ' K. M. Nural Hud8 Electronic Votin in Government Elections to Promote Democrac Cambrid e Schola Publi hin 2024 htt s.'//routled elearnin .com/thr- olilicalhisto rtime1ine-ras0urce￿. Thomas McGeary, rhe Cullural Politics of Oper8, 1720-1742.. the ern of Walpole, Pope, and Handèl (Boydell, 20241,. Richard Harrison, 'FURTHER LIGHT on LANCASTER'S LATER EIGHTEENTH- CENTURY PARLIAMENTARY ELECTIONS. (Northem History. Ixi, 2024),. Danae Tankard, Factionalism and Dissent in an English Cty.. Chichester, 1678-1685 (Routledg8, 2025)., Andrea ZuvSch, Rav8n¢ws.' A Lrfe o18athra Villi8rs, Charfes 11 s Most Infamous Mistress {P8n and Sword. 2024}. in 82. This year, Hl810ry's staff shared thelr expertls8 to a vride range audlences and Inslltutlons. This includes: the Brttish Library, the Institute of Govemment, parliamentary bodies, the Historical AS￿)cIation, HEIS Includlng Cambridge, Durham, Keele, L8icester de Montfort Oxford, UCL. and Warw 83. The Hlstory's staff routlnely respond to media enquiries. and this year thls has Included BBC Radlo 4 and Radio 5, local radio stations, and public history podcasts {le HisloryHiti. The History also responds to a large number of external inquires from academi¢s, students, members of th8 public. parliam8ntary bodi8s and other organisations. GOVERNANCE AND ADMINISTRATION OF THE TRUST 84. In February 2023. the Charity Commissh)n approved our application to create a new Charitable Incorporated Organisation (CIO> under the Charities Act 2011 to replace the existing Trust. The CIO is an alternative legal form for a charity, whith enables the charity to acl in Its own name (rather than collectivoly as Trustees). and limits th8 liability of trustees. In the course of the 2023-24 financial year the Trust transferred all the assets, Ilabilities and operations of the existing Trust to the new HPT. The formal transfer took place on 31 August 2023. H15foRY OF PARLIAMENTTRUST- TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024-25 26 85. The administrative team consists of the Director (Dr. Jennrfer Davey). along with the Office manager. Adam Tucker. and Finance Manager, Debbie co￿￿gan. 86. During the financial year 2024-25 the Trust OCOJPi8d a building at 18 Bloomsbury Squar8, London, owned by the Bedford Eststes, on a 10-y8ar lease agre8d in 2015. The top floor of the building was sub4et to a business. The current lease ended in November 2025 and in October 2025 the Trust r￿loCated to 1418 Old Street. Stafflng 87. During the year to 31 March 2025 the Hlstory empkjyed 20.12 (2024: 21.12) full-time equlvalent members of Its research resource including the Section Editors and Editorial Board- there were 1.95 (2024- 1.74) ful-time equival8nt m8mbers of the administrative staff. The Direclorfs time is apportion8d equalty between r8sèarth and administration. The Deputy Dlrector spends 80% oftheir tlme on research activities and 20¥0 on admlnlstratlon. 88. The Trust Is committed to reducing sickness absence in the workplace and supportlng the wel￿be1n9 of its staff. Procedures are in place to provide support to staff who are111 or who have a long-temi disability. During 2024-25. the average number of days recorded as absent due lo sickness per member of staff was 0.77 days (2023-24 0.76 days). 89. Th8re were no incidents related to the loss or unauthorised issue of personal data in 2024-25. Financial Review 90. Unrestricted incoming resources for the year were £1,545.055 (2023-24: £2,149,130). 890A of the unrestricted Income was provided by Grant-In-ANJ. £1.381,482 (2023-24: £1,967.566). Th8 signrficant diff8r8nce betsv8en income for 2023-24 and 2024-25 is 6xplained by an early payment of 2024-25 grant-in-aid from the House of Commons. As a result. five quarter5 of grant-in-aid were recognised in 2023-24 arKI only th￿e in 2024- 25. The unrestrict8d resources also in¢lude- recelpts totslllng £106.602 (202&24: £100,459} under a fee arrangement made in consecutive Contracts with Regalpress Limited, trading as St James's House, In relation to the publication of a series of books concemed with the hlst¢)ry of parliament. £32,687 (2023-24: £29.057) of rental Income from our buildlng In Bloomsbury Square. £18,357 of income from cash held at the bank and inv8Stments. £9,695 of which was from material Investments and was in fine with expectatlons. £5,927 (2023-24: £30,865) from the sale of books. There was no restrlcted income In 2024-25. 91. The incomlng resources of HPT have been applied to further the objects of the Trust In the form of.. Editorial and Research Staff costs b. Management and Support Stsff costs General Expenses HISTORY OF PAAUAMENTTRusf-TRUStEES ANNUAL REPORT AND ACCOLINTS 2024-25 27 92. All fixed assets (with a net book value of £2,254 (2024: £1.656)) were held for us8 by the HPT. 93. At 31 March 2025. HPT h81d total funds of £810.770 (2024: £1.042.962). These comprised r8Strict8d funds of £4,744 and unrestricted funds of £806,026 (2024: £4,744 and £1,038,218). Reserves have shown a large decrease year on year due to the receipt of House of Commons grant-l￿aid, intended for 202425 spending, just before the end of March 2024 (referenced above in paragraph 90). As a result, only three quarters of the grant in aid for 2024-25 has been received in 2024-25, and thè reserves, which had incr8as8d due to the early receipt in 2023-24 have been depl8t8d. Some reserves are hèld for the purposes of funding future publications, and for some other purposes. including the estimated cost of dilapidations on our offic8s in Bloomsbury Square. Otherwise. th8 policy of HPT is to aim to hold roserves at a prudent level. equiva18nt to a maximum of three months, runnlng costs {£468.000). Over thè last few years. in agreement with House of Commons and House of Lords authoriti6S, the Trust has been deliberatety redudng Its reserves in order to bring th8m down to this lev81. 94. In accordance with the Flnandal Memorandum, any funds held by HPT whlch are nol required for immediate expenditure may be invested at the Trustees, discretion. The Trust held a total of £481,513 (2024.. £478.597) invested In two savings act￿unIS whlch Is included in short tenn inv8stments. 95. The net reallsable value of the History of Partlament'5 Stock of publlcallons for sale at 31 •1 March 2025 is £38,568 {2024: £69.901). Net realisable va￿8 is bas8d on recent sal8s18SS impairment for slow moving stock. 96.At 31* March 2025, the 'debtors and prepayments. balance was £259.611 {2024: £254,369). It Includes prepayments of £31,069, an OLtstanding VAT re-imbursemenl of £1,567 and £226.975 of outstanding fee income. 97. At 31st March 2025. the 'creditors' balance was £90,98712024: £98,419). It Includes trade creditors of £10,14212024:£14,036), accruals of £7,719 {2024:£8.266), deferred income 01 £7,423 (2024: £7,423) and PAYEINIC creditor of £33,251 (2024.'£31.368). 98. HPT Ss Committed to the prompt payThent of blls for good$ and services rèceived. Payments are normally made as specified In the contract. If there is no contractual provislon or other understanding. they are pald within 30 days of the receipt of the goods or services, or on presentation of a valid invoice or similar demand. whichever is later. 99. The Comptroller and Audttor General Is appointed under the Financial Memorandum to audit the financial statemenls. Plans for the future 100. Our current major researth projects are: House of Commons, 1461-1504., House of Commons 1832-1868; House of Lords. 1558-1601. House of Lords. 1640-1660" House of Lords 1715-1790; Contemporary (oral) history HISTORY OF PARLIAME￿ TRUST- TRUSTEES ANNUAL REPORT ANDACCOUNTS 2024-25 28 Infomiation about the recent progress of each of these projects is induded in the review section on page 8 above. 101. An Annual Plan for 202￿2025 was approved by the Trust88s in Juty 2024. It included detailed targets for each research proied. digital and engagement strategles, and the risk register. 102. HPT will continue to produce scholarty and hlstorical research on the Parllament of the United Kingdom, including the biographies of members, histories of constituancies. and of padiamentary politics in general. Ajongslde its research activity. the Trust will also undertake a programme of public engagement, designed to disseminate knowledge of Britain's political past to Ihe widest possible audienc8. In 20242025, HPT b8gan the work on exploring possible fundraising av8nues. and this ￿11 continue over th8 n8Xt few years. 103. HPT expects that most of the cost of its future plans wlll continue to b6 met from Grant- InwAid. A 2% increase in the level of Grant-In-Aid has been agreed with the House of Commons and House of Lords for 2025-26 . HPT anticipates that income classified as f88 in￿rne in 2025-26 will be £105,000. all generated from St James's House. It 18 also antlcipated that St James's House will pay the remaining £106,528 of royalttes due under Ihe previous ¢onlract in 202&26 (See note 12 for further information). The rental income will reduc8 duè to the planned mov8 to other pr8mises in 2025-26. however, accommodation related expenditure is experted to decrease. Thls indicates the Trust expects to recelve a mlnimum of £1.862,000 of incoma. which is 200A mor8 than the income received in 2024-25. due to the reduced Gr8nt-in-Aid re￿iVed in 2024-25 due to tlming of receipt. HPT has sufficient reserves together with the expected Grant-in-Aid In the 12 months from the date of issue of th8s8 financial statements to meet Ilablllties falllng due. As a result. HPT believes the going con¢em basls remains appropriate. Dr Jennifer Davey Director and Accounling Officor Lord Norton of Louth On behalf of the Trustoos The Hlstory of Parllam•nt I S D•cambgr 2025 HISTORY OF PARLIAMENT TRUST-TRU5fEES ANNiIAL REPORT AND ACCOUNT5 2024-25 29 STATEMENT OF RESPONSIBIUTIES OF THE TRUSTEES AND OF THE ACCOUNTING OFFICER OF THE HISTORY OF PARLIAMENT TRUST 1. Under law applicable to charities in England and Wales, the Trustees are requlred to pr8pare financial statements for exh financial year whth giv8 a true and fair view of the History of Parliament Trusvs financial adivities during the year and of its financial position at the end of the year. In preparing financial statements giwng a true and fair vlew, the Trustees should follow best practice and.. a. select suitable accounting policies and then appty them consistenty, b. make Judgements and estimates that are on a reasonable basis: c. state whether applicable accounting standards and statements of recommended practlce hav8 b88n followed. and d. prepare the financial statements on the going concem basis un18SS tt is inappropriat8 to presume that the charty will continue in operation. 2. Under applicable lavts. the Trustees are responsible for keeping accounting records which enable them to ascertain the financlal positM)n of thè Trust. The Trustees are also responsible for preparing finanaal statements that comply v￿th th8 Charitiès Act 2011. 3. The responsibilitles of an Accountlng Officer Indude: 8. Confiming as far as she Is aware there is no relevant audlt informatlon of which the audltors are unaware and Ihat sh8 has tsken all the steps she oughl to have taken to makg herself aware of any relevant audit information, and to establish that the auditors are aware of that information. b. Confimiing that th8 Annual Accounts a￿ falr, balanced and understandable and that she takes personal responsibility for the Annual Accounts and the judgements wulred Ihereln. The Accounting Officer confirms the above have been met. 4. The History of Parliament Trust recelves Its prlncipal Income from Grant-1n-￿d from the House of Commons Estimate and the House of Lords Estimate. Under th8 Financial Memorandum agreed between the Trus188s arKI the House of Commons and the Hous8 of Lords. responsibility for the preparathjn and slgning of the annual accounts Is vested with the Dlrector of the Trust who is fonnally designated as the Trust's Accountlng Officer by the Twstees. Notwithstanding the requlrements of Charlties law. the relevant responsibilities of the Trustees and the Accounting Officer. including responsibility for the propriety and regularity of public finances, for the keepng of proper records and the preparation of the accounts. are set out in the Financial Memorandum. 5. The Financial Memorandum provides that the Trust's Director as Accounting Officer will also b8 liable lo b8 summoned. together with the Clerk of the House of Commons and the Clerk of the Parliaments, to hearings on any matter5 relating to the Grant-1n-￿d which arise befor& the Commrttee of Public Accounts. She may also be required to appear before olher parliamentary committees. HISTORY OF PARLÈAMENT TRusf-TRUStEES ANNUAL REPORT AND AccouKfs 2024-25 GOVERNANCE STATEMENT THE HISTORY OF PARUAMENT TRUST Scope of responslblllfy 1. The Accounting Officer has responsibility for the Govemance Statement which outlin8S the arrangements whlch have enabled her to discharge her responsibility for the management and control of the History of Parfiament's resources during the course of 2024k25. Dr. Jennrfer Davey was Accountlng Officer for the 202425 financial year . 2. The system of int8mal control and controls in plac8 ar8 regularly review8d wth th8 Treasurer of the Trust and senior partlamentary stsff, in Part￿Ular through the regular meetings of the Trust's Finance Committe8. Under the terms of the Flnanclal Mamorandum th@ intemal controls shoukl be reviewed evèry three years. They were r8viewed and revised by the Financ8 Committ88 during 2024-25. The governance framewo 3. The History of Partiament Trust was establlshed by a declaratlon of Trust made on 31 December 1940 with subsequent varfatlons made in 1956, 1967. 1971 and 1996. The Trust is a registered charity. The Trust converted durlng 2023-24 to a Charltable Incorporated Organisation under the Charities Act 2011. The transfer of assets, liabilities and operations to the new HPT took place on 31 August 2023. 4. The Trust's original objectives were to compile and publish an authoritative History of Parllament from the 13th century In the fonn of publishing biographies of Members of Parflament and constituency hlstories, wtlh Introductory essays whlch analyse Ihls Infomalion. This objective has been extended under the new HPT to also engage the interest of the widest range of publics in the history of the UK Parliament from earliesl tim8S to the present through its published work and other activities. and to diss8minale. promote and encour8g8 Oth8r research on the Hkstory of Parllament and Parllamentary institutions. 5. The Trust has an Execulive Commrttee whose functlon is to prepare an agenda for the Trustees. quarterSy meetings and take such decislons as a￿ needed in th& perl¢Jd betwe8n those meetings. It consists of the Chalr and the Treasurer ex officio, together with other Trustees nominated by the full body of Trustees (the 2024 general election significantly altered the trustee board. only one truste8 has bean idents'fied so far. A further trustee will be nomlnated In the autumnl-, the Director of the History and Chalr of the Editorial Board attend as advlsers and the Secretary to the Trust acts as secretary to Ihe Committee. 6. The Trust also has a Finance Committee. which consists of the Treasurer of the Tnjst, the Director and Accounting Officer. the S8cr8tary of the Trust, together With the Dlrector of Financial Management and Performance at the House of Commons and the Deputy Head of Finance at the House of Lords, together with other staff as appropriate. It meets ￿1r yearly. 7. In setting the programme of research and publication. the Trustees have regard to the Charity Commission's general guidance on publi¢ benefit. The Trustees a￿ayS ensure that the programmes th8 Trust undertakes are in line with our charitable objectives and aims. HISTOIIY OF PARUAMENT TRUST-TRUSTEESANNUAL REPORT AND ACCOUNTS 2024-25 31 8. The Trust is principally funded by Grant-In-Aid by the House of Commons and House of Lords. The House of Commons Commission delegates detailed scnjtiny of the use of the Grant-In-Aid to the Finance Committees of both the House of Commons and the House of Lords. The Financial Memorandum sets out th8 administrative and financial arrangements with regard to propriety, financial management and the safeguarding of public funds: tha responsibilities of the Trusys designated A¢xounting Officer. WIK) is also the Director of the Trust, and the responsibiliiles of the Trust for the day to day management of the Trust's Grant-In-Aid. 9. The Trust has in place a system of intemal control and framework for risk manag8ment which is proporbonale to th8 srze and eA)mpl8xity of the organisation. Proc8dur8s have been put In place to deal with risks particularly those asso¢iated WFlh the Trust's Reserv95 Policy, Infomiatlon Technology and Employment Issues. Its risk register and proc8dures are reviewed annualty as part of the Historfs planning process. and the register Is incorporated in its annual plan. 10. Th8 Directorfs perforniance and pay arrangements are r8viewed by the Trustees 8very five years. The Director receives the same percentage cost of living incTe8se as other staff under the Universities and Colleges Employers, Assoclation (UCEA) arrangements. The Trust s governance actlvltles in 202*25 12. The Trustees met on 3 occaslons in 2024-25 to ￿)nSider among other things the following matters: The progress of the Hlstorfs varkxjs reSe8￿h projects: Financial planning and budgeting. Th8 History's public engagement activrties: The future governance of the Trust induding the transfer to the new Trust. 13. The key data reviev*pd by the Board on the progress of its research is compiled on the basis of completed artides filed wlthln the History's ￿mputer network and audlled by the Dlrector and members of Its Editorlal Board. Trustees regard this as good assuranc8 of the exlstence and quality of the articles Mmpleted. 14. There was a 620/0 atterKlance of Trustees at TNst meetings. Th8 timing of the general 818¢tlon In Juty 2024 had an impact on attendance. HISTORY OF PARLIAMENT TRusf-TRusfEES ANNUAL REPORT AND ACCOUNTS 2024-25 32 Twstee attendance at Twst meelings.. JU￿24 Oct-24 Jan-25 Professor The Lord Mirton of Louth Chalr Dam Clare Moria DCB" Treasurer Mrs Wendy Chaffberlain MP hon. The Lord Clark of Winderffer8 Professor Pam Cox MP Mr Mark D'Arcy Mrs Sarah Davies Baroness Oianne k￿Y￿r Mr Gordon Marsden Rt. hon. Lord Lexlen hon. Kwasi K￿er1eng MP Mr Patrlck Volhpr" 'M8rrthr of the Execut￿ Commltte• Blgnlfios attendanco Tho rlsk and control framework 15. A risk management strategy is in place and indudes syst8ms and procedures lo mitigate identified risks and minimise their impact. A risk register is circulated to Trust88s and is currently agreed by them annuelty as part of the History's Annual Plan In future, the risk register will be reviewed bi-annualty. The Plan wll normally be made avallable onllne at www.historyofparliam8ntonlin8.org (the sit8 is ¢urrenty undergoing rebudding). 16. The main risks identified in r8spe¢t of Governance and management Involve project speclfiGation and timetable-, the relauonship between practice and policies pursued by the Trustees and Editorlal Board, and the polential loss of key staff as well as non-attendance by Trustees and vacancies among Trustees. In respect of research activities, the register Identifies risk in tenms of the quality of artides produced, and online and print publication processes. Operational risks include employment issues. cyber security. health and safety, staff tumover and recruitment. premises and property management and disaster. Financial risks include funding and budgeting. fraud and error, and banking. 17. Risks are ass8ssed in temis of their Fxobability and impact. assigned to a risk owner and 8 procedure for Control and mitigation is set ￿t. together with the current status of mitigation activities. 18. Addition81 risks added to the risk register in 202&25 include." cyber securityllT failure and missed payments from St James's House. Ther8 wer8 no lapses of protective securty. 19. The system of internal control is based on an ongoing process designed to identlfy and prioritise the risks to ￿ achievement of the Trust's policies. alms and obj'ectives, to HISTORY OF PARUAMENT TRU5T-TRUSTEES ANNUAL REPORT AND ACCOUNT5 2024-25 33 consider the likefihood of those risks b8ing realised and the impad should they be realised. and to manage them efficiently. effectively and economi¢alty. 20. The system of int8rnal control is designed to manage risk to a reasonab18 lev81 rather than 81iminate all th8 risk offadure to achieve poliw. aims and objectives of th8 Trust. In doing this, it can therefore onty provide reasonable and not absolute assurance of offectiveness. 21. Th8 System of internal o)ntrol has been in place in the Trust for the year ended 31 March 2025 and up to the date of approval of the annual report and accounts and accords with Treasury guidanc8. Roviaw of eff8ctl￿nOss 22. Th8 Trustees comply the principles laid (Mjt in corporate govemanc8 in central government departments, Ihe Code.. There a￿ certain principles in the Code which are not applicable to the Trust's Board and these relate in the main to central government boards, roles relatlng to govemment policy making and the power of ministers. Other elements which are not applicable include certain elements in the Code dealing with board composition and th8 board's r8lationship with its Arm's Length Bodiès. The Trust Seeks to uphold the highest standards of govemance through the accountability and transparency of its management processes, declslon-making and communlcatlons. 23. Th8 History usually prepares. rewews and publishes its strateglc plan each year. A survey of the academic and cultural value of the output of the Trust is also completed in each year as part of its annual review, and a summary Is irKluded in the Annual Report, above. The Tnjst Gontinues to monitor its reserve closely and to discuss the appropriate level through Its Flnance Commlttee. 24. Th8 Accounting Officer has r8sponsibilty for maintsining an 8ffe¢tive system of internal control and periodically to revlew the procedures that we have in place. Her revi&w of the Trust's internal control Is infomed by the work of Parliament's intemal audllors, and comments made by th8 extemal auditor5 in th8ir management 18tter and other reports. The last internal audit was carried out in 2020. She also has regard to guidance on inlemal eontrol and financial management issuèd by HM Treasury. In her opinion the Trust'$ system of inlemal control meets the ¢xiteria for effectiveness set out in paragraph 23 above. 25. In the opinion of the Trustees and the Accounting Officer, th8 Govemanc8 processes and practices employed by the Trust have enabled us as Accounting Officer and Trust88S to effectively discharge our responsibilities to manage and control the organisatlon's resources during the Course of 2024-25. Dr Jennwer Davey Director and Accounting Offic Lord Norton of Louth On behalf of the Trustees Tho Hlstory of Parllam•nt l% D•¢embor 2025 HISTORY OF PARLIAMENTTRUST- TRUSTEES ANNUAL REPORT ANDACCOUNTS 2024-25 THE REPORT OF THE COMPTROLLER AND AUDrroR GENERAL TO THE TRUSTEES OF THE HISTORY OF PARLIAMENT TRUST Oplnlon on flnanclal statements I have audited the financial statements of the Hisw of Parliament Trust for the year ended 31 March 2025. The financial statements compris8 the History of Parliament Trusfs.. Balance Sheet as at 31 March 2025: Stat8m8nt of Financial Activities and Statement of Cash Flows for th8 year th8n ended: and the related notes Including the S￿nIf￿ant accounting poth'eies. Th8 financial reporting fram8V￿rk that has been applied in the preparation of the financial staternents is applicable law and United Kingdom accounting standards induding Financial Reporting Standards (FRS) 102, the Financial Reporting Standard applicabl8 in the UK and Republlc of Ireland (United Klngdom Generally Accepted Accounting Practice). In my opinion, the finandal statements: give a true and falr view of the state of the Hlstory of Parliament Trust's affairs as at 31 March 2025 and its net mov8ment in funds for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and Charities Stslement of Recommended Practlce; and have been property prepared In accordance with the Charities Act 2011. Oplnlon on rogularlty In my opinion. in all material respects, the income and expenditure recorded in the financial stalemenls have been applied to the purposes int8nded by Parliament and the flnancial transactlon5 recorded in the financlal statements confomi to the authorities which govem them. Ba81s for oplnlon I conducted my audit in accordan¢x with Intemational Standards on Auditing (UK) (ISAS IUK)). applicable law and Practio Note 10 Audit of Finanual Statements and Regularity of Publi¢ Sector Bodies in the United lQngdom (2024). My responsibilities under those standards are further described in the Auditoffs responsibilities for the audlt of the financial 8tatem&nts section of my reporL Those standards requlre me and my staff to wmply with the Financlal Reporting Councll's Revlsed Elhical standard 2024.1 am independent of Ihe Hlstory of Parfiarnent Trusl In accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK. My staff and I have fu1fi118d our other ethical responsibiliti8s in accordance these requirements. I believe that the audlt evldence I have obtsined Is sufficient and appropriate to provide a basis for my opinion. HISTORY OF PARLIAMENT TRUST-TRUSTEES ANNUAL REPORT AND ACCOUNTS 2024-25 35 Conclusions relating to golng concem In auditing the financial statements. I have concluded that the H15tory of Parflament Trusfs use of the going concern basis of accounting in the preparation of the financial stslements Is appropriatg. Based on the work I have performed, I have not idèntified any material uncertainties relating to events or conditions that, Individually or collectively. may cast significant doubt on th8 Hlstory of Parliament Trust's ability to continue as a going concem for a period of at least twelve months from when the financial statements are aLrthorised for Issue. My responsibilities and the responsibilities of th8 TTUSt88s arKI Accounting Offic8r with r8spect to going concem are des24 Grant-In-Ald Grant-In-Aid received from House of Commons Vote Grant-In-Aid re￿iVed from House of Lords Vote 879,126 502,356 1381,482 1,465,210 502,356 1,967,566 Grant-in-aid in 2024-25 received from the Hwse of Commons Vote Is lower than the prlor year due to £293,042 relating to th8 2024-25 finanaal year belng received late In 2023-24 and in advance of the financial year it was inlended f¢y. Under the Charities SORP this was recognlsed in the year of receipi, however It remained within cash balancas at 31 March 2024, and was utilised in the 2024-25 financial year. 45 HISTORY OF PARLIAMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) 3. Income from Charitable Activities Publications Fee income 5,927 106,fQ2 111529 30,865 ICM),459 131,324 Th8 publication income Includes royalty Income received under agreements with Cambridge University Press (£1.178) and Boydell & Brewer (£4.649) and the balance being from the Houses of Parliam8nt Bookshop {£100). The fee Income Is the result of the Trust's Collaboratlon wfth St James's House Publlshlng under a 2022 contract which expires in August 2028. The new contract relates to the productlon of four books over five years, and provides the Trust with an increased fee of £480.000, paid in monthly instalments ov8r the period of the contract. Royalty i￿￿)me is not payable under this new Contract. In October 2024 we published the second book under tha 2022 contract. The Cornmonweatth at 75.. 4. Income from Invostm•nts Unrestrfcted Funds 202ty25 Unrestrfcted Fund5 2023-24 Interest on current bank accounts Dlvldends and interest on Investments. 8.662 9.695 18,357 8,477 10,360 18,837 'includes £3.790 of Interest In 2024-25 (£3,133 2023-24) on a non-cash equlvalent one year cash bond. The balance held in this account was reduced by £6.779 at the start of th8 year to enable protection from the Financial Services Comp8nsation Scheme. 5. Othor Income 2024-25 Accommodation Research Servi￿5 31687 29,057 31687 31.403 HISTORY OF PARUAMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- {coKfiNUED) (a) Accommodatlon Th15 income Includes rent from the Tm5t Subletting Its third floor offices. The space is let on a serviced basis w¢th the lessee paying in addition for certain seNices at cost and for occaslonal meeting facilities. The Trust also has an arrangement with the Parliamentary History Twst to provide Off￿ accommodation for a fee of £2.000 per annum. (b) Research Servlces There was no Income re¢elved in 2024-25. In 202M4, the History received £1,000 trom thé Royal Historical Society towards the Cost of running a workshop. In addltion, a small amount of income was recetved from the Universities of Leeds. Durham and Keele towards some small projects. Expenditurn on Charltable Activiiles PPDnC05ts 202¢25 Ethnal￿Jr￿Kh5ta￿c0￿% £(￿￿[131ar￿rva¢4￿h￿MMls￿￿d¢Qsts Web5rteaThloutre•chthttcusts webs￿ard0UIrea(hmJrYyCoSts Fee5pakl(o Editothie4Mrd Stcck#ff4e (osts Costolsaks 849597 16J12 57.746 65.W 1214553 14312 Z24,578 5,989 4174 512 512 31,334 64,3C 141278 Eststes¢osi rnrta Stlawlkwetrmkfees IT￿f￿art,￿lw￿tNK2l5WrtsQTrktS Small projectytTr%%1ar￿￿jb5￿t• 142278 26)J4 26,2C4 4fi11 4611 828 828 331 331 I%￿1 L744415 RekYoyath'cser¥Kes TOTAL NpEcfcTrwwTABLECOSTS 645A 74250 20,6 7. Otkrcosts Dep¥ei4ition Notio￿lILth1ee oFeraV￿r0￿Iir￿I*￿lfe¢Sj RebYNI olrntionalaKllee TOTALOMRCOSTS IOTALDmECTIMIOTFfRCOSTSEXCSiVPORT 9112n 1303 27AIX) 3L459 127,IXOI 762 IlJ65 (271WI Lll2 3Y6,142 367 L149 3Q 295,201 32,C Akncadw ofiovoThan¢t¢osts 20.137 8,758 Gk4NDTOTALCOSTS L717,241 47 HISTORY OF PARLIAMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) Expendlturo on Charftable Actmtles 2023-24 Rose¥th Pwmrtionc4 ssemkn*Mhi wllh ofTeseath othe h￿St￿l searih Xtibitie5 Cwts 20￿.24 r¢rtCo#s Editorfl •)d researth rtafcrAts Ediroril re5earth commi5sirffjedfj)*s Webyte ￿do￿t￿xh stalwsts Webyfe ￿doutre￿hIl￿ptya￿ts Fee5 padio Ediltytal Boad Stock slooy costs Co# Lls4es Manaeerial andadministytirno7ts Ellatescost HoKsrdda Siiames HCws¢b￿ lees IT50th¥a￿, m•nlenarfe & 5Ugi>y¢seThlos Srnaiprniects. Irmland yJb5i51en StsJC￿ery. postage, te￿phIneS ,977 ,3 27,4 49J2 ?2￿ 1.325.8 .3 IW,393 ITJ922 3,875 4n 13,373 471 33J73 5).167 142,755 142,755 5,2LiI 23,1(Q ,102 9n 747 9n 747 297,374 1174,334 L058,651 SJJ 61,185 ?. OtherrD1ts Depreciati NoDcrf* fee Operatin8 Q)sts lind leia ke4 Relttsl ofnotionaF •Jdit lee oikrcosts IXre(t ￿orther¢o$ts 41 41 .4 L931 IIC42 25,5CQI I&C42 37,232 61,30J 12S 65,2% 32.114 1.972 1,947 51VWtcosb All￿￿￿1n(Al￿fflaKe24 Othèr osts Charrkble Charitab Totsl Total Cost of ralsltwdonatio Cost of CharitaNe artNities Cost of other I￿ome Total 4,120 1,720,515 19,850 1,744,485 4,120 1,753,277 19*50 l.T17,247 5,343 I￿9,146 19,845 IA74,334 5,343 65296 1,914,442 19,845 65,296 1,939,630 32,762 32.762 g. Totsl Slaff Cost and Trusteo remuneratlon (a) Staff Costs Salarles of prof esslonal staff Salaries/wages of support staff Superannuation contributlons Natlonal I nsurance contrlbutlons Freelance work 1,170,292 1. 196,393 33.417 233,687 136,992 39.325 L639,814 171.915 135,031 17,012 ¥529.133 The number of employe88. Induding the Director, whose emoluments as deflned for tax purposes (excluding employerfs pension contributlon). amounted to over £60,000 in the year was as follows.. 2024-25 No. 2023-24 No. £60,000-£69.999 £70.000-£79,999 £80,000-£89.999 £90.0o￿£99,999 49 HISTORY OF PARLIAMEKf TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) The average number of employees (full tlme equivalent for support stafQ analysed by functlon was: Full tlry* equivalentstsff analysed byfvncllon Pmfessionl 5￿ppOrt Staff Professlonal Stsff 2L12 0.94 Suw)ort Stsff Editorial and Re5earth Management and Administration L15 2L27 0.8 0.8 0.8 (bl Dlrectoes Emolumonts The salary and penslon entitlements of the Oirectorwere as follows 202fy25 Paul Seaward (April 23 to November 23) Drjennifer Davey 78,020 32,170 110,190 97,886 97.886 Dr J8nnif8r Davey's emoluments as Diredor of £97.886 (2023-24 £32.170, she joined the History In December 2023) comprfsed a salary of £85,490 and employerfs contributions to the pension scheme of £12.396. Consistent wth professional staff employed by the Trust. Ihe Director Is an ordinary member of the Untversities Superannuation Scheme. In 2023-24, Paul Seaward's emoluments as Director of £78.020 Comprised a salary of £64.161 and employer's Contributions to Ihe pension scheme of £13,859. Dr Jennlfer Davey's emoluments comprised a salary of £27,667 and employerfs Contributions to the pènsion scheme of £4,503. {c) Truslees, Romuneralion No trustee or person with a famity or buslness connection with a trust88 has received any remuneration or expenses directly or indire¢tly from the Tru5L (d) Suporannuatlon The employerfs superannuation contribulion induded in 6(a) above comprises £171,915 for staff (£233,687 in 2023-24) participating in the Universities Superannuation Scheme. The reduction in costs beiween 202&24 and 202425 is larg8ty explained by the reduction in the rata of employer contributions from 21.6% to 14.5% from 1 January 2024. The employers. Nalional Insurance contribution included in 6 (a) abov8 comprises £131,472 for professional staff and £3,559 for support staff (£133,342 and £3,650 respectively in 2023-24). so HISTORY OF PARLIAMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) Llnivorsities Supernnnuatlon Scheme The History of Parfiament participates in the Unlver5ities Supèrannuation Sch8m8 (USS). The History of Parliament had 24 acttve members pa￿1pating in the scheme at the 31st March 2025. The scheme is the prinopal p8nsion schem8 for academic and academic- related 8mployees of UK universities and other highèr education and research institutions. Due to the mutual nature of the scheme, the assets are not attributed to individual institutions and a scheme-viide contributs'on is set. The History is therefor8 8xposed to aduarial risks associated wtth other inslitullons. emtAoyees and is unable to Identify its share of the Under￿ng assets and liabiliti8s ol the schème on a consistent and reasonable basis. Lik8 Other institutions participating in USS, the Trust therefor8 a¢¢ounts for th8 scheme as rf it were a defined contrlbution scheme. As a result. the amount tharged to the Statement of Flnanclal Actlvltles represents the contributions payable to the scheme. Sln¢e the History cannot identfy its share of the USS assets and liabilities. the details below are for the scheme as whole. An actuarial valuation report as at the end of March 2020 showed the scheme to b8 in deficit. Measures were agreed vla the USS Jolnt Negotiating Committee to address the deficit In the autumn of 2021. These Included thanges to contributions and future seNic8 benefits, as well as an enhanced level of covenant support to the Scheme, including a rolling long-term moratorlum on employers leaving the stheme without the consent of USS. These changes were Implemented from 1 April 2022. Employer contributions were Inueased to 21.6Vo of salary, and ernployee contrfbutions were 9.8% of salary. Following a further actuarial valuation in March 2023 and a valuation of a surplus of £7.4 billion, employer contributions were reduced to 14.5% of salary from 1 January 2024 and employee contributions to 6.1 QA from the same date. From 1 April 2024 the pre- April 2022 defined benefits were restored. The nèxt valuatlon report is March 2026. As at 31 March 2025, the Snterim assessment indlcates that the scheme Is still in surplus.The assets of the scheme are held in a separate fund administered by the trustee, Universities Superannuation Scheme Limited. The auditors and actuary to the USS have advised that li is appropriat8 to take the pension costs In the Trust's aco)unts to be equal to the actual contributions paid during the year. Management agr88 With this assessment as it is compliant with 17.18 of the Charity SORP. 51 HISTORY OF PARLIAMENT TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) 10. Tangible Fixed Assets Fumlture, Flttings and Offlce Equlpment rr Equlpment Total Cost At IApril 2024 Additions Dlsposals At 31 March 2025 ,554 39,039 52,593 L901 537) 53.957 5371 14.918 39.039 Depreclatlon At IAprll 2024 On dlsposals Charge At 31 March 2025 38,557 50,937 (5371 1,303 51,703 (537) l.(E3 12,9 240 38,797 Net Book value at 31 March 2025 Net Book value at 31 March 2024 10 1. 174 1254 1,656 11. Stock Net Reali5able Value at 31-Mar-24 31-Mar-25 Publlshed Volumes 69,901 12. Dobtorn and Prnpayrnonts 31 Ma￿h 2025 31 March 2024 Due within l year Trade Debtor5 Prepayments & occrued [r￿Orne Debtor VAT 169.501 31,069 1567 202.137 212,142 42,227 254369 Due after l year Trade Debtors Total 57,474 259.611 254,369 52 HISTORY OF PARUAMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- ICONTINUED) Under a 2018 contract with St James's House. royalty ino)me was rec8ivabl8 and all the anticipated income {£233,457) was recognised in the 2021-22 accounts as accrued Income. All of the outstanding trade debtors are St James's House. In 202>24 it had been expected that all of the outstanding debt from St James's House would b6 deared thln 12 months. This did not happen and a new repayment plan has b8en agreed. the age profile of which is reflected above. Of th8 £226,975 outstanding at 31 March 2025 {£193,807 2023-24) £106.528 related to royalties (£136,754 202>24), £109,387 relatos to license fees (£57.053 202>24) and the balan(* £11,060 is due to image costs and contributor fees. (£0 in 2023-24). 13. Investments 31 March 2025 31 March 2024 Vlrgln money l year bond. Scottlsh Wldows {CAFI 90 day notlce 88.563 392.950 481.513 91,552 387.045 478,597 * Vlr8in money l year bond Is a r￿n cash equlvalent. 14. Cash In hand and at bank 31 March 2025 31 March 2024 Cash at Bank Cash in Hand 319,795 16 319,811 545,207 li 545,218 Cash at Bank includes a £7,500 (2024: £7.500) rent deposii paid by our tenant, du8 to be retumed in 202&26. 15. Credltors:amounts falllng due wlthln one year 31 March 2025 31 March 2024 Trade Credltors Accruals Funds held on behalf of third partles Deferred income Tax and social security Other creditors 10,142 7,719 7,500 7,423 33.251 24.952 90.987 14,036 8,266 7,5 7.423 37.755 23,439 98.419 53 HISTORY OF PARLIAMEKf TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) 16. Provlslons for Llabllltles and Charges Employee Beneflts Dllapldadon Costs Total Provision as at l April 2￿24 Provision utilised in year Provision provided in year Provislon a5 at 31 March 2025 (2(X),(fA)} {8,3￿) {2C8.3601 8.360 I2￿,(￿m)) 1￿),[KK)) The History of Parliament's previous lease on its office accommodation in Bloomsbury Square explred In November 2015. In 2014-15 a provision was estsblished for the expected Dilapidations costs that the Trust would incur rf it lèaves the accommodation. based on a Schedule of Dilapidations prepared by the landlord In Autumn 2014. In November 2015 the leasa was renewed, but wth a break clause op8rabl8 In November 2020. The Trustees decided not to exercise the break clause and so most of the items on the dilapidations schedule have been held over until the end of the lea88 In 2025. A dilapidations revlew conducted by Hanway Commercial In June 2024 conduded that the provlslon In place was adequate. Management condude thls Is still adequate for 2024-25. The employee benefits Provision in 2023-24 represented an assessment of th8 total amount due to HMRC for a taxable benefit previously undlsclosed on a staff health scheme provision for eye tests and counselling. This came to light wh8n a review was undertaken of th8 value for money of thls scheme. A voluntary dlsdosure was made to HMRC. The provision represented th8 value an Independent assessor had made and wvered the amount due, Inlerest. penattles and the fee lo the assessor. This matter was resolved through an agreement with HMRC during th8 latter stages of 2024- 25 and the provlslon utilised. 17. Funds (a) At 31 March 2025. the Trust held total unrestri(aed fijnds of £805,230 (March 2024: £1.038,218). Unrestrlctod Funds (b) ReStrIct￿ Funds At 31 March 2025 th8 Trust held r8stri¢ted funds of £ 4.744 (March 2024: £4,744) which are being held for use in the publication of the 1624 diaries proiect. HISTORY OF PARLIAMEKf TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025~ (CONTINUED) 18. Financlal instruments {a) Llquldlty Rlsk The History of Parlia￿￿nt Trust is financed by Grant-In-Aid pald from both the House of Commons and House of Lords. It is not exposed to significant liquidity ris (b) The Hlstory of Parliament Twst held at the 31a Ma￿h 2025 a totsl of £268,848 {2024 £569,370) with HSBC in frye commér¢ial current bank accounts. £29,031 (2024 £55,531 J in Charity Aid Foundation bank account and £20.841 (2024 £20.3061 with the Monmouthshire Bulldlng Society in a savings account. The Trust's management does not consider that the Trust is exposed to a significant risk notwithslanding the oJrr8nt Financial SeNices Compensation Scheme guarantee of £85.000. Investment Rlsk Crndlt rlsk 49Yo of the Trust's short temi Investrnents and cash balances ar8 invested with th8 Scottish Widows Bank in a CAF 90 day account. Interest is paid monthly and reinvest8d in the account. Another 11 Is invested In a 1 year Virgin Money Bond which was due to mature on ihe 25th April 2025 with interest paid annualty. Th8 Trust's management do8s not consider that the Trust Is exposed to a sIgnif￿nI rlsk notwithstanding the current Flnanclal Ser4ic8s Compensation Schem8 guarantee of £85.1)JO. 19. Related Party Tran8aCtlons The House of Commons and th8 House of Lords are regarded as relatèd parties. Both Houses provlde a Gran1-In-￿d to the Trust under terns provided for in the financial memorandum. See Not8 2 for the amounts. There were no receivables or payables at either 31 March 2025 or 31 March 2024. The House of Commons a180 provldes Intemal audm servlces at no charge to the Trust. Non8 of the Trust's key management staff, or any other related party has undertaken any materlal transactrons with the Trust during the year. 20. Operatlng Lease Total future mlnlmum lease payments under operdtlng leases are glven In the tablè below for each of the followlng periods". 31 Marth 2025 31 March 2024 Bulldings: Expiry Not later than one year Laterthan one year and not laterthan 5 years Lease expense recognised in year 65,226 I{Jo,￿O 65,226 99.979 i(x),( The lease expired on 24th Novernber 2025. 55 HISTORY OF PARLIAMEHf TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025- (CONTINUED) At the 314t March 2025. th8 History of Parliament had r8C8rved rent in advance for serviced sublet offlce sp8ce of £6,923. This income was deferred to 2025-26. 21. Lossos and speclal paymènts There wer8 no losses or special paym8nts in the roportirvJ period that require separate disclosur8 because of their nature or amount. 22. Evonts after the erKI of thg r•portlng date There has been one non-adjustlng event after the balance sheet date. A 10 year Seas8 for a new principal office was signed on 14 August 2025, with a 18nn commgncement date of 1 September 2025 and a break after 5 years on 1 Septemb8r 2030. The table below presents what the relevant note ¥￿Uld look Ilke had lease been signed pre-year end. Flnanclal Impllcatlon$ of new lease on 31 March 2025 31 March 2024 Buildings: Expiry Not later than one year Later than one year and not later than 5 years Later than S years 19,031 252,956 27,2 100,000 65,226 The annual report and flnanclal ststements were authorfsed for issue by the Acwunling Officer on the same date that the audit certificate was &gned by the Comptroller and Auditor General. 56