2025-06-30-accounts

Company registration numtrr.' 00009330 Challty registration nLbmber.' 235313 Manchester Literary and Philosophical Society {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2025 KM Chartered Accountants 1st Floor, Block C The Wharf Manchester Roa Bumley LarirAshire BB11 IJG Niiiiiiii •AEDLMaLL 20110r2025 C(thIPANIES HCiJSE A07

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Man¢hester Literary and Philosophical Society Contents Reference and Administralive Details Pre51denl's Report 2to3 Trustees, Report 4109 Statement of Trustees, Responsibilibes 10 Independent Examinerfs Report Statement of Finarrial ActI￿leS 12 Balance Sheet 13 Notes to the Financial Stslements 141024

Manchester Literary and Philosophical Society Reference and Admlnistrative Details Trustees Celia Baker Cigdem Balim Manju Bhavnani Susan Cameron ison Carey Peter CWsler￿n Dhun Dap Eda Gliga-Baubec Susan Hitton Jacqueline Hughes-Lundy Martin Hunt Rowan McM)ny Mic*8el Tso an Wareham Thomas Whitehewj Peter Wruht 235313 Charity Reglstratlon Number Company Registration Number 00009330 The charity is inccww)rated in England. Manchesler Lrt & Phil CIO Portico ￿brary 57 moS￿Y Street Manchester M2 3HY Registered Office Independent Examiner KM Chartered Accountants 1st Fkxy. BlcKk C The Wharf Manchester Road Bumley Lancashire BB11 1JG Investrnent Managers.. Brewn Dolthn 1 The Avenue Spinningfields Square MancthestÈr M3 3AP Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West MallhThJ Kent ME19 4JQ Page 1

Manchester Literary and Philosophlcal Soclety Presldenvs Report The Council has use(1 fve strategic focus areas as the foundation for our deusion-making. We are still onty pathlay through the joumey. and the past 12 months have been thalleThJing: nevertheles5. the results are all heading in Ihe right dI￿¢t￿1n. Review of 202412025 Awareness The Lil & Phil was ￿ce described as a "hi(kkn gem". This was a problem State￿￿￿t. as very few people knew about the society. its hi510ry. arvj the events thal were taking PL￿. These are some of the aclions that have been taken and fyffined. I visitors to the website are asked to join the mailing list. We increased our soryal media aGtsvity to recommended levels. We engage with those who p051 and react. We promde targeled marketing supForL We publish arlides fLKused on notsble past members. This has try)osled the mailing list from 1.640 to 4.110. Folk)wers and interdCtK)ns on social media have more than dOUb￿d. webg.te traffic and the time spent i)n the sile a￿ also experienong exponenlial gr0￿h. Attendance As expected, 9￿ater awareness drove hKJher attendance. wlh year-ol￿ar ticket bookings rising from 2,153 to 3,578- an inuease of over 65%. This has resutted in more sell-out events arKI the use of larger venues. It has also driven a significant increase in revenue. The area we want lo see grow next is membership. We expect this to be the last metrc lo change, as it is driven by awareness and attendan￿, but Ihere is usually a lag. Attendees We use this meln"c lo lts)k al the number of drferenl people engaging with the SO￿ety. We want to see it increasing évery year. If are attracb.ng new people. the diversty of our membership will grow organically. Over Ihe summer, we will 8natyse this data extensNely to eslablish a baseline and produ¢e more delailed rnonthly rew)rts. At the highest level. the figures appedf postlive. ￿th large incr8ases in General Admisslon and Studenl tickets booked. Members, ticket numbers are also rising, we ￿qUIre more details before reaching any ￿ncluSiOns. Tlck6t Type Mémber 2023124 2024r25 % Increase 1.443 641 1.949 General 135 Student 125 81 Page 2

Manchester Literary and Philosophical Soclety Presidenvs Report Finaneial Stability As a ttjuncil, we had eXFected * woukl severnl Jwrs to tsach ¢wabonal stability. Based on this acctsunls, we exkci lo brèak 8v•n ￿ 2025r26. After th• year end we dekghted to be f￿1[￿ed of a very generous kgacy of £50.000 from Da￿d Higginson was President of the SrKiety frDm 2009 to 2011. David S￿IlY died in March 2024. Athou9h we have not yet received the fegacy nor have the trustees d&tefftMned how best to use it, we ace required to le￿niSe it in thi5 yearfs acc(wJnls. The figures bel(Mf exdude the impact of this incom8 to bètter refiecl our ongoiny finan(4al performance. We have ft)CLJsed Dn increasing revenue. balancing OFrntirvJ costs ¥A1h incoyne, and anaty5ing our main aTBas ol expenditure. Our operaliTrJ income lexdudiTrJ investment ir￿me) ha5 risen by 37% or £16.Sk. Conv8rsety. opernting costs have decxeased by 27% or £33.3k. Thè cwerakn.ng deficit Ibelo amortisalth of lh8 webwtel for Ihe year has been reduced to £29.5k. a decTrase of 63%. We have reviewed our rnt¢fftal and external costs and r8negob.ated s•veral sUp￿ter agrèements. With the departure of our last fulktime staff rngmbef. we a￿ repeating ts exerose we did the oth&r two staff members vtho U￿ng this as an otportunty to undètsland. re￿ew, ènd document Pro￿sSes. Previws 04rtcomes ir￿L¥Jed iruea5ed transparency. undersianding. and efficiency improvements. 8$ as exFknring dsffefent rasourcing opt1)r￿. Compllance Over the year. several Trustees have reacw Ihe erJ of Ih8rr term ￿ stepp8d dLwn. Cons￿￿•nI1y. we e£Jnducted a recruitment campaign, implemented a strudurgd inlervw process. and conSide￿d boih intemal and extemal candKlales. FN¢ Trustees were c(wted to Ctsuntsi and w￿1 be proposed for election at the AGM. Sincè 2023, we have stniggled to mainlain ¢cnb"nuity in r(Ae of Honorary Secretary. So. l am pleased to anncwjnce that our ctropted tnlstees ir￿ude who a￿ iointy fulfiling Ihat role, both of whom are well qualffied forthe rdè and tiriNJ experiencè an¢1 wofesS￿nal knowled9e. Thè Yeaf Ahèad We need tg complete Several projects we started. as things have taken bnger th￿ expected and unplanned aCti￿t￿$ arose. Thase indudè the memoiF5. the resourL¥ng model. and reviewing the articles. We also need to maintain momeThtLTh by raising awareness. affects am the oiher foujs areas. Althou9h the evgnts have been attended. we requi￿ a morB [D￿St to ensure the artendees, expèrience meets their exp8ctatiOr￿. We need nèw venues. prèfèrably vrith sttial spac¥s. The programme can conkn.nue to be develLyed. and Mleas such as initiab"rKJ a debate and inviting a paid SFe8k9r are likely to be lested. During this stage of a transf￿rnation projecL there is a iisk ot losing foojs. gr(￿¥1[4 tw Tapidly. and rev8rb.ng lo old habts. With the tsam c￿r￿rblY in plar8. I beh'•ve the risk 15 minimal. but it ¢an still happen. Al the AGM. my t8mi as Pre5*Yent wll e[￿. but our Pre5irJent-dect 15 Ihe perfect person to deveky the s￿Iety and Fware it for its 250th Anniversary. Peter Wr￿jbI Trustee Page 3

ManGhester Literary and Philosophical Society Trustees, Report The tIU51ees. are directors for the purposes of company law, present the annual report tO9elher with the financial statements of the charitable company for the ended 30 June 2025 and ¢onfimi that they comply ￿th the requirements of the Charities Act 2011 and the charit￿$ SORP. Trustees Peter Wright.. Chaffi￿n and President Alan Wareham.. President Elect lan Cameron: Immediate Past President arKI VKe-President {resb3ned 17 September 2024} Susan Carneron: Honorary Secretsry (appointed 24 March 2025) Rowan Moony. Sewnd Honorary Secrelary {aky)inled 1 Apn'l 20251 ison Carey.. Honorary Treasurer Peter Carslensen.. Second HOr￿rary Treasurer James Thomas.. Chair- Science and Technology seC￿n Commiltee (resigned 30 June 20251 Martin Hunt.. Chair- Science and Technology Section Committee {apwinte(17 July 2025} Celia Baker.. Chair- Arts Section Committee Susan Hilton". Chair- Sooal Phik>sophy Section Committee Cigdem Balim: Ordinary member Manju Bhavnani." Ordinary member Dhun Oaji.. Ordinary member Eda GlwJa-Baubec". Ordinary member (appointed 7 July 2025) Jacqueline Hughes-Lundy. Ordinary member lapposnled 7 Juty 20251 Michael Tso." Ordinary member Thomas Whitehe8d." Ordinary member (aptx)inted 7 July 2025) Charloite Lanigan.. Ordinary rnember {resigned 24 March'2025) Christine Mb3rg8". Ordinary member {resigned 17 September 20241 Trevor Rees.. Ordinary mernber (resigned 1 April 2025) Objectives and activities As determined by the Souel¥s memorandum and artKJes of associatson the Society is established for the obJ'eGt ol promoting the advancement ol education and the widening of public interest in and appreciation of any form of literatu￿, science. the arts and public affairs through a series of public lecture5 presented throughout the year. In 2024-25, the Society delivered foty events. This induLled". Twenty four lectures induding five large scale evenis vthh a higher prOport￿n of non member attendance. We hope to build on these to drrve fvlure attendance and membership. Our theme was "the built environmenf and the lec¢ures which W￿1? Manchester themed were very well attended. Eight philosophy fora Our customary Chri5trnas ￿nCert Three tours Our annual Percival Lecture Page 4

Manchester Literary and Phllosophical Society Trustees. Report A panel discussion on immigration in cdlatrK)ration with MACFEST Two online events on dimate change Highlights included a larqe-scAle event with Sathnarn SarKJhera on -How British Imperialism Has Shaped the Modem World. and 4wr annual Percival Lecture. held m CA)Naburètion with Manchestcr Melropolitsn University on 'The Roads to Rome.. PublSc benefit The Tnjstees eA)nfimi that they have complied wth the requirements of section 17 of the Charities Act 2011 to have (lue regard lo the public benefft guidan￿ published by the Charity Comrnission for England and Wales. In parlicular, the ¢JelNery of our annual leclure programme educates members of the public. and we now offer disc￿nted tickets to students lo complement the discLJunted student membership. We have increased our reach outside our membership base over 1,500 t￿ets sold to non-members for events in this financial year- more than double the c. 7CM) sold in 2023-24. Achlevements and perfornian¢e The hAanchest8r Literary and Phikjsophical Souety. founded on 28 February 1781. is the second oldest leamed society in Brilain. Many of the founding members were medical men, resKlent in the King St, Piccadilly area of the city. the earfiest meetings t(M)k place in a room in the orKJinal Cross St Chapel. bul in 1799 the Soryety movetl lo 36 George Street. which remained its home until the Bli1z of 1940. From 1960-1980. the S￿iety enjoyed the facilities of its rebuilt home. but Sin￿ 1981 has not had its own premises. To facililale this. our archNes have been stored at a facility speaalising in heritage storage irh Oxfordshire and as we no longer have any pemianenl staff our Regislered Office is now at the Portico Library. By the 1860s, membership had expanded lo over 200 and included prominent merchants. engineers, and manufacturers. Women were not admitted to rnembership until the beginning of the 20th century. Many famous suentists. engineers. physicists. and mathematiuans have been members of the Society, the most famous being John Dawon. the Yather of m￿leM Chemist￿. a member from 1794 until his death in 1844. Much of his original research was done in a laLK>ratory at Ihe Societys George Street House. Olher notable past membeTS indude Dalton's gifted pupil James Prescott Joule- Peter Mark Roget, the originator of the Thesaurus. Williarn Fairbaim, the engineer Henry R05coe, the chemist-, Ernest Rutherford, the nud8ar physicist.. Joseph whits￿rth. the precisKsn engineer. as wdl as Professor Tom Kilbum and Alan Turing, ￿Mpul1n9 pioneers.. and Professor Sir Bernard Lovell. Our èchievemenl is our 8bilty lo product leclures and evenls of the highest calibre on a ￿ and varied number of topics. To appreuate this, you need lo wsil our website lo be able to revsew for yourself the work Ihe S￿ety has done arKI proposes to do in the future. Page 5

Manchester Ltterary and Phllosophical Society Trustees. Report Flnanclal review The year 2024-25 has seen tr Sfyiety corttir￿ to transfomi U)e way it operates. The tsble below reconciles the net income per Ihe Statemenl of Financial Activities io the op¥rdling der￿lL from ongoing actNibes wh￿h Ihe b￿S ¢)n whith Ihe Society monitors its financ4al performance. 2025 2024 Change Net incomè pèr ststemenl of finanaal activites Less legacy Less investment retums Income Costof rnising fvnds. Invethenl Managern￿l Gans /losses on inveslmenls Less nèt investment retums Add amonlsation of webg OpeTating deficit Being Opetalry income Operat￿g costs Opeiating deficit 58.066 (50.OiJDI 58,832 Q6.319J (28,662) 9,437 139 048 (49.9)91 (159,127) 123 209 61,591 45,102 (124.442) 1fj,489 33 334 This year we have ￿ntinued to reduce the cost base but have also grown income from non-member attendance at events. although membership income has remained broadty flat. The operating deficit lexcluding inveslment relurns and before amortisalion of the websile) has redLbced from £79.3k lo £29.5k. This u)mpa￿S to a budgeted def￿11 of £72.2k. Our investment stratègy Ise& b8lowl means that we need to reduce our operating deficit to c. £30k per annum through a combination of cost feduction and income generation. We have achieved this in the year ended 30 June 2025 wth an operating deficrt before amortisation of £29_5k and we budget to break even at operating level in for 2025-26 before investment ￿turns. During 2024-25. the key e￿rnents of our change in operdling m(xlel and their impact on our financial performance were as follows.. Increase in operating income of £16.5k to £61.6k (2024- £45.1kl Significant increase in ticket income from non-members. In 2024-25 we generaled £21 k of ticket Ir￿A)Me(2023-24 - £7.Okl- This incre3se wa5 largely attftbUts￿e lo five very successful events large audiences, although audiences In￿ased across other events also. Membership income fell slighily despite increased subscriptions. as membership numbers fell. Next year we need to t￿$ on growing membershp and cknnverkng those attending our events lo membership. Greater use of soaal media to prornole the events our ailvertising spend was similar. bul in 2024-25 was focussed on social rnedia to gr<>w awareness and event attenda￿ from non-members. Redudion in operating ￿$ts of £33.3k to £91.1k {2024- £124.4k). Further reduction in resource costs Istsff costs and the (x)sl of oulsourced seNcesl have reduced from £74.4k to £53.5k. Our final member of permanenl staff left in May 2025. This mean5 we now have no pern￿nent staff and rely on outsourced service prowsion. We are reviewing how best to deliver the soryetys ot¥'ectives in a cA)st-effectNe manner. txrt we have an aclNe and engaged group of volunleefs lo manage the Iransition. The change to an oulsourced mcJel also means no longer incur office costs.

Manchester Literary and Philosophical Society Trustees. Report In conclusion. 2024-25 saw MLP make signrfKgnt fur1her progress in managing its finances to secure the financial viability of the Soaety. Investment policy and returns The so￿ety has adopted a lotal retum approach for its investment portfolto. As perniitted by Ihe Souetys memorandum and artides of assooation. Ihe Trustees have given Brewin Ddphin discretion to manage the portfolio wthfft an agreed risk profile WOTking towards a target rebjm. Our investment managers recommended that we invest a proportion of the portlolio in relativety risk-free gills which can te drawn down lo cfjver opÈr8tsng defiats %thile we stabilise the societys finances. This leaves a balance of c. £1million. We are wothing on the basis that we can expect an average retum of c 3% pa over inllation whith can conlribule to our charilable acty'vities, while protecting the value of our rKJrtfolio. In 2024-25 our net relum on our wrtfolio was £49.9k compared lo £159.1k in 2022-23. The income Wa5 £26.3k {2024 - £28.7k). We wlhdrew £72.6k from the portfolÈo to cover our operating defictt, a similar level lo 2024 when we wthdrew £70k. However. we retained £42.7k of this in cash balances. The value of our portfolio, irtlu(Jing rash held ￿th inveStc￿S at 30 June 2025 was £1.341.8k12024 - £1,364. Ikl. Risk management Systems and controls have been and are beirg e51ablished to mitvJale risks and ￿11 be periodically reviewed to ensu￿ that they meet the needs of Ihe Soaety. Safeguarding As an educatKJnal charity Ithich engages with ￿￿n9 people for some events. Courol is fvlly aware of ils responsibilities towards yyjunger Peop￿ and to this end has a Safeguarding and Chikl PrOtect￿n policy which is reviewed annually. In January 2023. the SOc￿ty became a member of Safecic. charity speualising in providing support to organisations on safeguarding matters. The w)licy dC￿UMent has been revised to reflect their recornmeAdaknons. GDPR The Society i% ￿MplIant wth the General Data Protection Regulation applicable from May 2018. Reserves policy Reserves consist of a designaled expendable endcAvmenl fu￿1,. that is a fund whose primary pufpose is lo gener81e income lo fund the Soaews ac11vi￿S Ixrt may also be used directly for charitsble purposes in Case of necessity or gwd ￿ason. The Society ha8 used the capital of the fund to svpport the Socievs gr￿h aMbIt￿)nS oveT the past three years. although the extent to which this has been ne￿$sary has stabilised in this period. Tha Society aims now at reduang its use of the capital and has segregaled tts wrtfolio into an element the Gilts portfolio) Whe￿ the capilal can be used in Ihe next three years 10 5UPPOrt the Society while rt works to a sustainable operating mrxjel the balanc£ (the Main portfolio) to be maintained in the long tem) an6 vAK)se relums can be used to support the Sociews activitie5 in the lon9er term. The Trustees will cKJntinue lo manage reserves by careful stevrdrdship of the SrKietys resources and controls over expenditure. All of the Sccietys reserves 1£1.384,138 at 30 June 2025 and £1.376.072 at 30 June 20241 are unrestricted for use by the Soa"ety as it sees fit_ Al ￿serveS are ￿nsidered free and liquid as they a represented by lssted inveslments that can be realised quickly through their sale. Page 7

Manchester Literary and Philosophlcal Soclety Trustees. Report Memorandum and Artlcles of Associatit)n These were updated. re￿Sed and approved 81 Ihe AGM of the Society on 7 November 2017. Structure, goveman¢e and management The So¢￿ty is a registered charity and is incorporated urKler the Companies Acl as a company limited by guarantee. The guarantee of each member is limited to £10 and is payab￿ in the ev8nt of the Society being wound up and being unable lo meel its debts and liabilities. The organisation is overseen by a Council. whose members are elected at the Societys Annual General Meeting in acLordance wth the artides. The Presidenl and Wi¢e Presidents serve for a period of years. The Chairman of each Section is a full member of Council by the right of that office. The governance of the society has been disrupted by the lack of an honorary secretsry, but this post is now filled. The stsffing of the society has changed further over the lasl 12 months wth the ￿SIgnation of our remaining meTnber of stsff. We now rely on outsourced accounting and administratNe support. We are reviewing Ihe operating model to fomalise thè outsourrAd mcKlel. balanang this wilh the needs of the society. Trnstees The Trustees who setved in the year are set out on page 4. Trustees are all familiar with the operations of the So¢￿ty and are guided by the offKers in matters ￿LatIng lo their legal oblvJalions under d)arity and ¢ompany13w, the content of the Memorandum and Articles of Association. budgels and the financial perfomian¢e of the S¢xiety- Trustees are encouraged to attend exlemal training events, where these may be appropriate lo their role. Trustees are principally recjuited from our membership base. The MemoraThJum and Artieles of Assoaalion detemine the length of office for Trustees. As peri(Kls of office come towards their expiry date. succession is planned vrd discussion with members to idenlfy candidates and then, if required. a vote by members at the AGM to appoint them lo the Board. We have hekj a successful iecruilmenl campaign and recruited six new Trustees. although three others resigned - a net increase of three. We need all our Tru51ees lo tske ownership of the procEss resulis. The Trustees are legally responsib￿ for the pertormance of the Society so 8Ctive engagement and ownership is important. The counal owns all of our dery"shons. our support le8m are therè to advise. contribute and execule. In 2026 we plan lo review the articles and guidelines to bring ihem update and make them reflect the new realities. Proposals will be made regarding the sIrLJclu￿ folk)%Mng benchmarking wilh other tharities and inlernal consultation. Indepèndent Examiners As aulhorised al the 2024 Annual General Meet*w, a teNJer process was run to apwint of a new Independent Examiner. The Trustees have appointed KM Accountsnts. They W￿ld like to thank Buzzacott and Co for their support over many years. Page 8

Manchester Llterary and Philosophlcal Society Trustees. Report Small companits pro¥islon slatement This re￿rt h9s been prepared in accorda￿8 with Ihe small cornpanies regimè under thp Cornpanie$ Act 2006. The annual r9POrt Wds approved by trl￿ charity cffj 8 September 2025 and sIgr￿d on its behalf by. Peter Wright Twslee Page 9

Manchester Literary and Philosophical Society Statement of Trustees. Responsibilities The Iruslees (who are a150 the directors of Manchester Literary and Philosophical Society for the .purposes of company law) are responsible for preparing the trustees. report and the financial ststements in accordance with applicable law and United Kingdom AcLountiro Standards (United Kingdom Gener81ty Accepted AccDunling Praclicel. induding FRS 102 "The Financial Reporting Stsndar(J applicable in the UK and Republic of Ireland. The report and accounts have been prepared in accordance with the provis￿￿5 in the Companies Acl 2006 relating lo small companies. Company law requires the trustees lo prepare financial statements for each finanuèl year. Under r£)mpany law the trustees must r￿1 approve the finanaal statements unless they are satisfied that they give a true and fair view of Ihe slate of affairs of the charitable company and of the inwming resources and application of resourc￿. indudiThJ ils income and expenditure. of the charitable company for that peri¢xl. In preparing these financial ststements. the truslees are required to= select suitable accounting policies and apply them con515tenttr. observe the meth(￿lS and principles in the Charities SORP.. make judgements and esb"rnales that are reasonable and pnhyent state whether applicable accDuntirvJ stsndard5, cornpris￿g FRS 102 have been followed, subject lo any material departures disch)sed and explained in the financial stsiemenrs., aTrJ prepare Ihe financial statements on the ￿Ing concem basis unless it is inappropriate to prgsume that the charitable company Contin￿ in business. The trustees are responsible for keeping proper aCr￿untr"ng record5 that can disdose V￿th ￿3$Onable accuracy at any lime the financial position of the charitsble eompany and en8ble them to ensure that the financial ststements comply wilh Ihe Companies Act 2006. They are also reswnsible lor safeguarding the assets of ihe charitsb￿ (¥Jfflpany 8fKI hence for tsking reasonable steps for the prevention and detection of fraud and other I￿egUlarl11eS. The twstees are ress)onsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable companvs websile. Legislation goveming the preparation and dissemination of finan￿al statements may differ frC￿ begislation in other jurisdKts"ons. Approved by the trustees of the charity on 8 September 202S and swJned on its behalf by. Peter Wright Trustee Page 10

Manchester Llterary and Philosophical Soclety Independent Examlnerfs Report to the trustees of Manchester Llterary and Philosophical Society ('the Company.) I report to the charity trustees on my examination of Ihe accounts of the Company for Ihe year ended 30 June 2025. Responsibilities and basis of report As the chanty's Ifuslees of the Company (and also its director5 for the purposes of company lawl you are responsib￿ for the p￿paration of the accounts in accordan￿ with the requirements of the Companies Act 2006 rthe 2006 Act.). Hawng satisfied myself that the accounts of Ihe C¢yxpany are not required to be au(liled under Part 16 of the 2006 Act and a￿ eligible for inéependent examination. I report in respect of my examination of your Chari￿$ a¢￿Unts as cairied out under se￿10n 145 of the Charities Acl 2011 I'lhe 2011 Act'l. In caryng out my examination I have f￿lowed the Directions given by the Charity Commission under sectlon 145lSllbl of the 2011 Act. Independent Èxaminevs sL*ement I have completed my examination. I confirm thal no matters have come to my attenlion in connection with the examination gNing me cause lo believe: 1. accA)unling records were not kept in respect of Manchester Literary and Philosophical Sodety as quired by section 386 of the 2006 Acl," or 2. the acLounts do not 8ccord with those record5.' ¢Y 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other tharb any requirement that the accounts give a 'true and fair which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in aCU)rdan￿ wth the methods and principles of the Statement of Recommended Practice for acrxjunting and reporting by charitbes lapplie2ble lo charities ￿￿parIng their accounts in aCc￿rdan¢t. with the Financial RerK)rting Standard. applicable in the UK and Repu￿1¢ of I￿L￿nd (FRS 10211. I have no concerns and have come across no other matters in connection with the examinalicfft lo which attention should be drawn in this report in order to enabte a proper understanding of the accounts to be reached. Mark R Healon FCCA FCIE KM 1st Floor, BIC￿ C The Wharf Manchester Road Bumley Lanrashire BB11 IJG 8 September 2025 Page11

Manchester Literary and Philosophical Society Statement of Financial Activities for the Year Ended 30 June 2025 (Including Income and Expenditure Account and Ststement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Unrestrictsd funds Total 2024 Note Income and Endowments from: Donations and ￿ga￿eS Ch8rrt8ble 8Ctiwlies Investment income Other incw 50,106 60,422 26.319 1.063 50.106 60.422 26.319 1,063 516 44.526 28.662 60 516 44,526 28,662 60 Total income 137.910 137.910 73.764 73,764 Expenditure on: Raising funds Charitable acliwlies 19.437) 103.434 19.437) 103.434 (8,583) 145.397 18,583) 145,397 Total expenditu GainsAosses on investmenl a￿ets (112.8711 1112.871} 153,9801 (153.980) 33,027 33.027 139.048 13Y,048 Net income 58,066 58,832 58,832 Net movement in fiJnds 58.066 58.832 58,832 Reconciliation of fund5 Total funds brought forward 1.376,072 1.376.072 1.317,240 1.317,240 Total funds carned forward 19 1.434.138 1.434.138 1,376,072 1.376,072 All of the charity's activities derNe from continuing operations duriNJ the aLx)ve two periods. The funds breakdown for 2024 15 shown in note 19. The notes on pages 14 to 24 fomi an integral part of these financtal stalements. Page 12

Manchester Literary and Philosophical Society (Registration number: 00009330) Balance Sheet as at 30 June 2025 2025 2024 Note Flx¢d ossets Intangibk assots Invesknènts 14 16 12,326 1.364.206 1.376.532 1,341.915 1,341.915 Debtors Cash at bank aThl in hand 17 52.350 47.931 3.7T1 4,902 8.673 100.287 Creditors." Amounts falling due within <n• y•ar Net eurrent assetsllllablliti98) 18 8.058 9.133 92.223 460 Net ass•ts 1.434.138 1,376,072 Funds oflhe charity: Unr•slri¢ttd incomè fund5 Unrestricted funds 1.434.138 1.376,072 Tota"1 lunds 19 1.434.138 1,376.072 For th• ffinancial ￿ar ending 30 June 2025 the charity entiuèd to exemption trorn audit urKler sectu)n 477 ofthe Companies Act 2[￿ relating to small companies. Directors. respo￿billtie$.' The fflernbers have rK)t reqLNred the chwity b) obtain an audrt ol its accounls for the year in question in acoThlance Tr￿1h section 476: and Th6 directors ad(novAethJe their ￿S￿onS￿lI1t$eS for complwng Vilh the requirernents ollhe Act wlh raspèct to accounting reccds and the preparaticn of accounts. 'Thèsè financial stalements have been prepared ￿ &cordance wth the special proMsr(M)s relating to ompanies subject to the small CoMpan￿S regimè wthin Part 15 of the Companiès Act 2006. The financial slaternenls on pages 12 to 24 were approved by Ihe tn￿tees. and authorised for issuè on 8 September 2025 and signed C￿ their behalf by. Peter wr￿h1 Trusteè The Thxes on pages 14 to 24 fc¥m 8n iniegral.part offvse firwKial stslemenis. PJe 13

Manchester Literary and Philosophical Society Notes to the Financial Statements for the Year Ended 30 June 2025 1 Charity stalus The charity is limrted by guarantee. KKorptirat￿ in England, and CAX)sequently does not have share Gapital. Each of the members is Ikable io contribute an amounl not exceeding £10 towards the assets ' of the charity in the event of liquidakn"on. The address of its registered office is: Manchester Lit & Phil CIO Portiw Library 57 Mosley Street Manchester M2 3HY These financial slalements were authorised for issue by the trustees on 8 September 2025. 2 A¢¢¢untlng poll¢l¢s Summary of significant ac¢ounting poli¢io$ and key accounting estimates The principal accounting policies applied in the preparab.on of these fin8ncial slalements are set out below. These polioes have been consistently applied to all the presented, unless otherwise staled. Statement of compliance The financial statements have been prepared in accordance wth Accounting and Reptsrting by Charities.. Ststemenl of Recommendeil PfactirE (applicable to charities preparing their a¢counts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 and the CoMpan￿S Act 2006. Basis of preparat5on Manchester Literary and Philosophical Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognLsed at histrwical cost or transa¢tKJn value unless Other￿Se stsleLI in the relevant arxx)unting polry noles. Going concem The trustees consNler that there are no material uncertainlie5 aboul the charitys ability to conts'nue as a going concem nor any Signif￿nt areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow slalement The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not induded a cash flow ststement in these financ￿ ststements. Income and endowments l income is rec£)gnised On￿ the charity has entilement to the income. it ts prob8ble that the income will be received and the amount of the income receNable can be measured reliably. Page 14

ManGhester Literary and Philosophical Society Notes to the Financial Statements for the Year Ended 30 June 2025 Donatlons and legacles Donations are recognised when the charity has been notified in writing of t)th the amount and settlemenl dale. In the evenl Ihat a donation 15 subject to cffjnditions that requi￿ a level of performance by the charity befo￿ the charity is enlived lo the funds. the income is deferred and Iiol recognised until either those C4)ndilions are fully mel, or Ihe fulfilment of those conditions is wholly within the control of the charity and il is probable that these Conditions will be fulfilled in the reporting pericd. Receipt of a legacy is recognised when it is probable that it be received. Receipt is normally probable when.. - there has b8en grant of probate.. the executors have estsNished thal there are sufficient assets in the estate. after settling any liabilities, to pay the legacy., and - any conditions altached to the legacy are either wtthin the control of the charity or have been mel. Daferrad incom8 Deferred income represents amounts received for future pe￿d5 arKI is released to incoming resour￿5 in the period for which. it has been r￿1ved. Such income is only deferred when.. - The donor specrfies thal the grant OT donation musl onty be used in future accounting periods., or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expendlture All expendilure is rec(KJnised once the￿ is a legal or ￿nstrUCtive obl3ation to that expenditure. it is probable settlement is required and the amount can ￿ measured reliably. All costs are all￿ated to the 8pplicable experKlrture heading that aggregale similar costs lo Ihal calegory. Raising fiinds These are costs incurred in the management of investments. Charltable actlvitles Charitable expenditure (x¢mpri5es those c0515 incurred by the charity in Ihe delivery of its activibes and services for its beneficiaries. 11 indudes both costs that can be allor2ted d1￿cty to such a¢tivibes arKI those costs of an indirect nature nec￿sSary to support them. Governance costs These include the costs attsibLtsble to the charitys compliance wth ￿nStitutIOnal and statutory requirements. indudlng audit. strategic management and trustees, meptings and reimbursed expenses. Taxation The charity i% consKlered to pass the tests set oul in Paragoph 1 sChed￿e 6 of the Finance Act 2010 arKJ therefore il meets the definition of a charitable company for UK corw)ration tsx purposes. Accordingly. the charity ts potentk?Ily exempt from taxation in respect tsf income or capiial gains received within categortes covered by Chapter 3 Part 11 of the thporat￿n Tax Act 2010 or Section 256 of the T8xatK>n of Chargeable Gains Acl 1992. to the extent that such income or gains are applied exclusively lo charitable purw)5es. Page 15

Manchester Literary and Philosophical Society Notes to the Flnancial Statements for the Year Ended 30 June 2025 Intangibk assets Intanglt￿e assets are stsled in the BaL3nce Sheet al cost less ac¢umulated amortisation and irnpairment. They are amortised on a slravJht line basi5 over their eslimated usefvl INes. Amortisation Amortisalion is provided on 1ntsnglb￿ fixed assets so as to write off the ￿St, less any estimated residual value, over their expected useful e￿nOmiC life as folhjws: Asset class Website Amortlsatlon method and rate Over 3 years straight line basis TangSble fixed assets The charity capilalises in01v￿l￿al ass8ls wilh a cost ￿ eXc￿S of £5.000. All assets acquired below this figure are written off to the Income & Expenditure account in the year of acqutsition. DepTrciation Oepreciation is provthd on tangible fixed assets so a5 to write off the cost or valuatHJn. less ary eslimated residual vabje. over their expected useful ecor￿MiC life as follows.. Asset class Fumilure and equipment Depreciation method and rate Ovei 3 years straight line basis Fixed asset investments Fixed asset investments. othef than prcgramme related investments. are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference be￿en sales proceeds and their matket value at the start of the year, or Iheir subsequent cosl. arKI are charged oi credited lo the Statement of Financial Activities in ihe period of disposal. Unre81ised gains and losses rep￿sent Ihe movement in market values during the year" and are credited or charged lo the Statement of Financial Activilies based on the market value at the year end. Trade debtors Trade debtors are amounts due from cJJ5tomets for merchandise solcj or semces perfom)ed in the ordinary course of business. Trade debtors are recognised inrfi'ally al the transaction price. They are subsequenty measured at amortised cost using the effective interest methc*J. less provision for impaimient. A provision for the impairment of trade debtors is established vthen there is objective ewdence that the charity wll nol be able lo collect all amounts due aw)rding to the original temis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on harKI call de￿SIts. and other short-lerm highly liqu￿ investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Page 16

Manchester Literary arKI Philosophical Society Notes to the Financial Statements for the Year Ended 30 June 2025 Trade credttors Trade credrtors are Obl￿atIonS lo pay for goods or services that have been 8cquired in the ordinary course of business from suppliers. Accounts payable are classffied as c￿r￿nt liabilities rf the charity does not have an unrxjnditional ryht. at the Ènd of the reporting period. to defer settlement of the creditor for al least fvlvÈ months aftèr the rèporting date. If there is an uncondilional right to defer settlement for at least tsve￿e months after the reporting date. they are presented as non<urrent Trade creditors are re(yJgnised inilialty al the transaction price and SUbseq￿n￿Y measured at amortised cost using the effective intere51 metlKJ. Fund structur• Unreslricled income ftjnds a￿ general funds Ihat a￿ avadaNe for use at the truslees. disc￿li0n in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a part￿ular area c* for specific purposes, the use of which is restn.cled lo that area or purpose. 3 Income from donations and legacies Unrestricted funds General Total 2025 Total 2024 t)onalions Leg3ci8S 516 50.000 50.000 50.106 50,1 516 4 Income from charltabl• activitie$ Unrestricted funds General Total 2025 Total 2024 Membership subscription Tickets lo events Sale of memoir5 39.415 21.007 39.415 21.007 37.378 7.070 78 60.422 60,422 44,526 5 Investment incorne Unrestrictèd funds General Totsl 2025 Total 2024 Listed investments 26.319 26,319 28,662 Page 17

Manchester Literary and Philosophical Society Notes lo the Financial Statements for the Year Ended 30 June 2025 6 Other income Uno$tri¢ted fund$ General Totsl 2025 Total 2024 Other income Interest receivable arKI simdar income 30 30 1.063 1.063 1.063 60 7 Expendlture on ralslng funds al Investment managèmènt costs Unrestricted funds General Total 2025 Total 2024 Investment management fee5 9.437 9.437 8.583 9,437 9,437 8.583 8 Expenditure on charitable activities Unrestricted nds General Total 2025 Total 2024 Note Charitable actmties Dep￿Ciation. amortsatKJn and other similar eosls Stsff costs Governance costs 41.173 41.173 39.406 12.326 46,713 12.326 46,713 3.222 20.955 73,504 11.532 103.434 103.434 145.397 Page 18

Manchester Lilerary and Philosophical Society Notes to the Flnancial Statements for the Year Ended 30 June 2025 9 Analysis of govemance and support costs Governance costs Unrestricted funds General Total 202S Total 2024 Examination of the finants31 statements Truslees. remuneralion and expenses Legal fees Other governance cosls 1.800 2,302 453 919 453 919 6,502 2,728 3.222 3.222 11,532 10 Trustees ￿MUn¢r¥I10n and expenses During the year the charity made the follovAng transactions with trustees.. One trustee Wd5 reimbutsed travel expenses of £5012024.. £611 No trustees. nor any persons connected wlh them. have received any remuneration from the charity during the year. No trustees have receNed any other beneffts from the charity during Ihe year. 11 Slaff costs The aggregate pa￿011 costs were as follows.. 2025 2024 Stsff costs durlng tho year were: Wages and salaries Social security costs Pension Costs 45,883 69,183 2.654 1.667 46,713 73.504 The monthly avefage number of persons (including senior management I leadership team) employed by the charity during Ihe year expressed as full time equivalents was as folk)ws'. 2025 2024 No Administration No employee received emoluments of more than £60,000 during the year. Page 19

Manchester Literary and Phllosophical Society Notes to Ihe Financial Statements for the Year Ended 30 June 2025 12 Independent ex¥mlnee$ remuneration 2025 2024 Examination of the finanual ststements 2,302 13 Taxation The tharity is a regislered charity and is 1he￿fO￿ exempt from tsxalion. 14 Intangible fixed assets Website Totsl Cost Al 1 July 2024 36.979 36.979 At 30 June 2025 36.979 36,979 Amortisation At 1 July 2024 Charge for the year At 30 June 2025 24.653 12.326 24,653 12.326 36.979 36,979 Net book value At 30 June 2025 AI 30 June 2024 12.326 12,326 15 Tangible fixed assets FumituTr and equipm¢nt Total Cost At 1 JLtrly 2024 31.270 31,270 AI 30 June 2025 31.270 31.270 Depreclation Al 1 July 2024 31.270 31.270 At 30 June 2025 31,270 31,270 Net book value At 30 June 2025 AI 30.June 2024 Page 20

Manchester Literary and Phllosophical Society Notes to the Financial Stalements for the Year Ended 30 June 2025 16 Fixed asset investments 2025 2024 Shares in group undertakings and parbcipating interests Other investments 1LKI 1.341.815 100 1.364,106 1.341.915 1.364,206 Sharns in group undertaking5 and parti¢ip#ting interests Subsldiary undertaklngs Total Cost At 1 July 2024 AI 30 June 2025 100 100 100 100 Net book value AI 30 June 2025 100 100 AI 30 June 2024 100 100 This investment represents 1￿% of the Ordinary Share Capital of shares of £1 each in Manchester Literary and Philosophical Publicalions Limited. The Company is cuThently dOr￿ant. The Company number is 01667171. The net assets of the Company at 30 June 2025 were £100 12024.. £1fY)). Page 21

Manchester Literary and Philosophical Society Notes to the Financial Statements for the Year Ended 30 June 2025 Other investments Llsted investments Cash Total Cost OT Valuation Al l July 2024 Additions 0i5posa15 Revaluation Ino)me from inveslments Investment management fees A￿r￿al for inveslment management fees Transfers out 1.345,675 554.717 1624.68S) 32.290 18.431 1554,717) 624.685 738 26.318 (9,437) 400 72.600 1.364.106 33,028 26.318 19,437) 400 72.600 Market value at 30 June 2025 1.307.997 33.818 1.341,815 Historical cost at 30 June 2025 1.174.967 33.818 1.208,785 Transfers Out of the investment wrfolio were made to cy)ver ￿ nel operating defiot and to provide working capital. Investments were revalu￿ at the middle market value at Ihe year-end as delemned by Brewin Dolphin. The lisled investment portfolio is struclured as follo¥ts.' 2025 2024 Direct investment Indirect investment 539,799 768.198 711,147 634.528 1.307.997 1.345,675 The listed investments held as fixed assets are subdivided as follov•S." 2025 2024 Investment assets in Ihe UK Investment assets outside Ihe UK 510.244 797.753 558,377 787,298 1.307.997 1.345,675 17 Debtors 2025 2024 Trade debtors Prepayments A¢crued income Other debtors 1,￿8 401 50.000 41 3.771 52,350 3.771 Page 22

Manchester Literary and Philosophical Society Notes to the Flnancial Statements for the Year Ended 30 June 2025 18 Creditors: amounts falllng due wtthln one year 2025 2024 Trade credilors Other creditors Accruals Oeferred income 1,385 1.489 5.152 1,521 8,058 5.489 1.267 9,133 19 Funds Other Resources recognised expended gainslllosse51 Balance at 30 June 2025 Balance at 1 July 2024 Incoming resources Unrestricted funds General 1,376.072 137,910 112,871 33.027 1,434.138 Balance at 30 June 2024 Balan¢¢ at 1 July 2023 In¢oming resources Re$our¢es recognised expgnd¢d gainslllossesl Unrestricted lunds General 1.317.240 153,980 139.048 1,376.072 Page 23

Manchester Literary and Philosophical Society Notes to the Financial Statements for the Year Ended 30 June 2025 20 Analysis of net assets between funds ilnrestricted funds Gener•1 Total fvnds at 30 June 2025 Fixed asset inveslrrhents CuThenl assets Current liabilit￿S 1.341,915 100,281 8,058 1,341,915 100.281 8,058 Total net assets 1,434,138 1,434,138 Unrestricted funds G•n•ral Total funds at 30 June 2024 Intangible fixed assets Fixed asset inveslments Current assets Current liabilit￿S 12.326 1.364.206 8,673 9.133 12.326 1.364,206 8,673 9.133 Total net assets 11 1.376,072 1.376,072 Page 24

NOTES FOR ACCOUNTANTS Please ensure you initial the bottom of every page. If¢oMpl￿1n8 hand* please use blodt capitals throughout. If completing digitslty, we advise using Adobe Reader whkh can be downloaded free fr¢)m the Adobe website. Unfortunately edbtable PDF documents do not work on a Mac and there is no solution other than to Use a PC. This accountant's report myst be completed= artered or Certified ntsntwho sa m￿￿ofOre0fthe fr10wi￿supWySQry bc4Jies. Ac￿ CAI, ICAEWor ICAS,. and. on behalfof Membets ofdivisions of Propertymark thith are resw)sible for fimis that. l. Hold or handle client money. andlor 2. Act as Client Account Serwce Provider5 ICASP51. handling or holding client money for third party agents. Wcompleting a CASP member report. the accountant must report on all client money held. Actountshts are required to fomi an opinion as towhether. durin8 the period being reported. the retords and controls have been 5UStably maintained by the Member Firm or lif using one) its GASP. This must be done in accordance with Propertymark's Accounting Rule l available at.. ro mark.co.uk rules. Where you are not satisfied with any aspects of these tests orertrquiries Y¢￿ shoultl seek further information you consider necessary from the Member Firm or CASP. After making your examination, you should promptly complete the Accountsnfs Report and deliverthe original t the Member Firm who is responsible for sending it to Propertymark. Please exclude any lunds relating to block managementlholiday lets as these ser¥ices are not tovÈrÉd by Propertymark's Client Money Protection ICMP) scheme. COMPANY LEGAL NAME Please ensure accurate legal entity name is use(l. For example= Limited Company.. John Smith & co Limited orjohn Smith & Co Pic LLP.. ParkErs & Smith LLP Partnership.. Mr J Smith and Mrs Sjones or Mrj Smith and Partners151. Whe￿ Mrj Smith is our member Sole Trader- Mrjohn Snmth How to return thls form By post.. Membership ￿Uments Propertymark Arbon House 6Tournament Court Ed8ehill Drive Warwick y email.. atttrjntantsre ro mark.co.uk opertyfThJk.Co.uklwle55h￿OkSl￿j[Xth1￿/oet(XTnlc￿I$￿epts￿.￿trnl propertymork

ACCOUNTANT'S REPORT MEMBER FIRM DETAILS Company legal name Trading name See NotesfvrAccountont5'pogeforclorifKqtw of componylegolnome. Head office Address I Address 2 Town County P05tccde Does the client report cover dient nN)ney held bya CASP memberfor anotheragent? 'Th@ tèrm C Ènt Monty '<È Providèr. rdtsts to tompwiestho hoitj Client K4onie50Tr beholf ofonvlhpr cornpony. Yes E] No E] With whi(h bankin8 supplier is the member or8anisations client money held? TESTS FOR PROPERTYMARK ACCOUNTING REQUIREMENTS Relevant Rule aausels) Doesthe Mernber Firm comply7 The attourttantshould check that he/she is elr&ble to complete aThd submit an Accountanvs Rewt. Go to.. htt www.frc.or auditors rolessional-bodies- su ervision oversi ht-of-audi nition-ol-reco nised- erviso -bodies-and-r 1.24. 1.25 Yes reco H3vin8 astertained from ihe Member Firm andlor aient Accounting Service Provider details of all relevant bank or building Society accounts operating in connection with activities relevant to its Propertym3rk divisionlsl. establish that the bankslbuilding soueties used fall within the relevant definition. Go to- ro ert mark.co.u worki -in-th indust member-re uirements dient- account-re ortin L2 Eslabli5h that the client Ibankl accounts fulfil the requirements to be correttly designated 3£knowledged. that client funds are available on demand and that any penalty for withdrawal is paid by the Member Firm or Client Accounting Service Provider. Where interest is accruin8 on client money. confimi that thi5 is being dealt with appropriately. Take such random samples as to be satisfied that on appropriate payments have been made into client Ibankl accounts and thi5 is undertaken in a ttmely manner. 1.7,L9 Yes E] .Yes No 1.13. 1.15.1 NIA E] propertyrnark 1 016 Accounl¢ml's *)ilots.' zo3

Take such random samples as to be satisfied that on appropriate payments have been made out ofdient Ibankl accgunts and that this is undertaken in a timely manner- including test-chetks of the system for calculatin8 and recording fees and disbursement by sampling rransactions against supporting documentation. Take such random samples Member Firm andlor Client Accountin8 Service Provider company bank accounts as to be satisfied that client money ha5 only been paid into client accounts which are corrertty designated and acknowledged. Make such test examinations on a sample of dient led8er accounts as thought neces5arytoastertain whethtrany suth account ha5 gone into debit. Obtain a copy of the schedule of si8natOfies and throu8h samplin8 andlor enquiry besatisfied that only appropriate people have made or authorised paymenrs. Compare a random selection of lodgements into and payments out of dient bank accounts las evidenced by reference to bank andlor buildine societystatementsl with entries in the cash book records of receipts and payments. Make test<hecks of postings to clients. ledger accounts from cash book records of receipts and payments of dients, money and make test-checks on the casts ladditionsl of such accounts and records. Review the dients. ledger attount to ensure ihere are no inappropriate entries therein. Examine the bookkeepin8 System to be satisfied that appiopriaie leé8er accounts are kept and are sufficiently detailed. Enquire into. test-check the reasons for. and examine dotuments in support of any transfers found to have been made from one client ledger account to another- ascertaining that entries and transartion5 are adequately described or explained. Confirm a reconciliation has been carried out within the relevant time frames ènd suiiable documentaiion has been both Produced and retained by ihe Member Firm. Select two reconoliation dates from the accountin8 period. the first date to be within one month of the end of actounting period covered by the report. The second date to be 3 to 9 month5 earlier than the first dète= 1.14. 1.15.2 Ye5 NIA E] 1.6.1 Ibl Yes NIA E] 1.14.10 Yes No NIA [] 1.17. 1.3.Ilel 1.3.21fl Ye5 NIA E] 1.18. 1.19 Yes E] No E] NIA E] li 1.18. 1.19 Yes E] No E] NIA E] 1.18. 1.19 N/AD Yes [] No E] NIA E] 14 Ye5 NIA [] 15 Yes E] No E] NIA E] l. Comparing the sum total of the indNidual balances due to clients, as shown by the ledger accounts. with the cash book balance on the client Ibankl accovnt. 2. Reconciling the sum total of client balance5 with the balance ol funds held accgrdingto the client account cash book. Checking the additions of the lists of individual dient balances. on both lor morel of the dates selected. Obtain ￿1￿ct confirmation from the bank orbuilding soaety of the balance on the dient Ibankl accounts by requesting bank certificates or appropriate confirrnation letters in respect of at least one of the dates selected. iiii propertymark 2of6 ACC￿l(lnI,5 irutKI5.' Dtsle..

16 Ascertain by enquiry or investigation whether any unidentified or dormant client funds are held and rfso. bwng dealt with appropriately- Ascertain by enquiry or investigation whether the reqU1￿ments of Accounting Rule l are both readilyavailable to and. understood by. the relevant petsons within the Member Firrn and lif appropriatel Clieni Accounting Ser¥ice Provider ICASPI. 1.42. 1.43. 1.44 No NIA E] 17 L5 Yes E] f vou hove tickedNo. AI/A orleftony testblonkpleusestote whyin the Detoils ofNon-Complsonte settion on pGge 6. SOFTWARE AND SERVICES Please select the form of lettings andlor management software used by the memberfimi Intemal Ibespokel software Spreadsheets le.8 Ex£d/At￿$) External loff-the-shein software If an extemal off-the-shelf software patkage. please state the name of the software pr￿[der. Name ofsoftware provider Doe5 the member firm provide Rent to Rent or Guarantee(l Rentswwce5? Yes No Rent lo Rent The member firm enters into a tenancy agreement with the landlord. and then in tum becomts a landlord in another a8reement on the same property. Guarantsed P*nt The member firm provides payment to the landlord of a property irrespectNe of whether or not the tenant pays in anygiven month. COMPLETING THE RECONCILIATION FIGURES Block Management fundslholiday let are nol to be Included In the re￿nCiliatIOn Insuredlprotetted Dtposots are those registered with a deposit stheme. listed In your bank ledgtr and hèld in your client accounL Custodlal DepDslts are passed dire¢tl¥ to a deposft scheme and held by them in thelr own bank accounts. Box A.. is forthe insuredlproterted deposits listed in the dient led8er land held in the dient bank accwntl. Box B.. is for any other client mortey listed in the client led8er li.e rent paymerttsl. Transitional Deposits should be listed here, Transitional Deposits3re those in the process of bein8 or which have not yet been registered with a dep051t stheme. Box C.. is boxes A ènd B added together. showing the total listed in the client ledger. Box D: is the actual amount held in the client account. propertymark 3of6 Acctymlont's irNluL4.' OolÈ".

ACCOUNTING DETAILS Membèr Firrn's acrountin8 yearend datelddlmml- Has this Member Firm had a year end since starting to handle client money. Yes No If this firm has not had a year Sin￿ stsrtin8 to handle clieni money. the report should cover the peric41 from when the Member Firm started to do so until now Ilnterim Report). In thi5 case. you should complete gne recent reconciliation for an Interim Report. Otherwise, li should be the Member Firrn's normal accounting period (Full Reportl. Accounting Period co￿red by thisAccountanVs Report Imaximum 12 mtynhs) 8e8innin8 Ending Please provide details of the two comparisons undertaken in accordance with Propertymark Accountin8 Requirement 15 lon pa8e 21. First reconciliation date to be the end date of accountin8 period covered by the report, the settsnd reconciliation date to be 3-9 months prior to the first reconciliation date. First reconciliation date Izccounting period end datel Total value ol protected depositsa5 shown by the Member Firm's or CASWs clients. ledger accounts. Total value of all other client money as shown by the Member Firm'5 orCASP's clients. ledger account5. including anyTransTlional Deposots but excludlng block management and hollday lets.A Total liability to Member Firm's clients asshown by the Member Firm's or CASP'S clients, ledger accounts, Including any Transitional DeP>￿ts but exduding block management and holiday let5.. Client money held for thi5 Member Firrn in its own. or the CASWS dient bank aecountlsl after allowante for outstanding cheques and lod8ements cleared afterdate. including anyyransitional Deposits but excluding block managemtnt and holiday lets. Dlfference IA+ IC-D Second reconciliation date (between >9 months priorto first reconciliation datel Total value ol protected deposits35 shown by the Member Firm'5 orCASP's clients, Fedger accounts. Total value of all other client money as shown by the Member Firm's orCASP's cliÈnts' ledgèr accounts. including anyTransilional Deposits but excluding block management and holiday lets." Total liability to Mernber Firm's clients asshown bythe Member Firm's or CA5P's clients, ledger accounts. includine any Translttonal Deposlts but eycludin8 block mana8emeni and holiday lets. Client money held for this Member Fimi in its own. or the CASP'S client bank accountlsl after allowance for outstanding cheques and lodgements cleared afterdate. including anyTransitional DepO￿ts but exduding block management and hdiday lèts. DrfFerence 1 120 IA+ (C-D) Protected deposit: Deposits hdd in the Member Firm's or aient Accounting Se￿iCe Providerfs client account that are properly protected by a Govemment-authorised, insurance-backed Tenèncy Dep951t Protection stheme. Do not includè dèposits held in a cusiodizl deposit protttknon stheme. A If £0 balance. please provide an explanation on pa8e 6 of this report. propÈrtymork 4of6 Acc￿￿10n1'S nitol5'. Oule.. AWU51 *25

INSURED TENANCY DEPOSITS Regtstered fvnds held in Firm's client3¢(ount. Please confirm the namelsl of the Insured Tenancy Protection Schemelsl used. If more than one 5cherne. please confirm the split ol funds held in each. All deposits held by the Member Firm or forthe Member Fim by its Client Accounting Service Provider ICASPI must be included in the reconoliation figures. The reason for any difference must be stated In the'Detalls of Non<ompllance' 5ertion on page 6. NOTE: Transitional Deposit payments SI￿￿1￿ be [￿luded in I￿X B in the retontiliation figures on page 4. CUSTODIAL TENANCY DEPOSITS Regtrtered funds held by the deposlt stheme. Please confirm the namelsl of the Custodial Tenancy Protection Sthemelsl vsed. If more than one scheme, please confirni the split of funds held in each. Value of deposits properly proterted ITh a Government-authorised Custodial Tenancy Deposit Protertion scheme, as shown by the Member Firm's or CASP'S dients. ledgerat the first reconciliation date. If not available, please provide current figure5. If the deposit value forthe first reconciliation date is not available then the value at a more recent date would be acceptable. RESULTS I, the accovntsnL have examine<l the books, accounts and all other necessary documentation relating to the above- named Member Firmlclieni Accountin8 SeNce Provider to the extent required under Propertyrnark's Accountin8 Rule l and.. l arn sat15r￿d that durin8 the Accounting Period covered by this Accountanvs Report. the Member Firm/Client Accountin8 Service Provider complied with the provisions of Propertymark's Accountin8 Rule l other than in respert of certain trivial breaches due to clerical errors or mistakes in bookkeepin& all of which were rertified on discovery and none of which. l am are satisfied. resulted in any loss to any client. In the case of trivial breache5 due to clerical errors or mistakes in bookkeepin& if a difference is noted in the "Accounting Oetai15- on pa8e 4, an explanation is required in the"Details of Non-Compliance~ section on page 6. l arn not Saiisfitd that dltring the Accounting Period covered bythis Accountanys Report the Member Firmlclient AcciyJnting Service Prowder complied with the provisions of Propertymarws Accounting Rule I foi the ￿3$on5 set out in the-Details of Non-compliance. section on page 6. propertymork 5016 ACCOLntonl'5 w)ilnL%". cwJle'.

DETAILS OF NON-COMPLIANCE / ADDITIONAL COMMENTS Wease detail below where the Membef ￿mI andlor the Client Accountin8 Semce Provider have not complied with all orsome of PrOpert￿￿ork'S Accountin8 Requirements- or where you are not satisfied that they have complied.. and the reasons why. You can also add any other information you think relevant. SERVICE ON MEMBER FIRM The ori8inal version of this Accountanys Rep¢)rt has been sent tts as a Principal. Partner or Director of the Member Fimk DECLARATION I confirm that l am eligible and qualified to complete this Accountanys Report in accordan￿ with Propertymark's Accounting Rule I clauses 1.24 and 1.25. believe that the information contained within thi5AccountanV5 Report is true. and understand that Propertymark will rely on this report. In addition, I can confirm I have advised the Member Firm that a topy of the Propertymark Conduct and Membership rules should be available via a link on the Member Fimi's website. ACCOUNTANT DETAILS Full name Qualiffication5 Attounting supèrvisory body Accountants &gnaturè ACCA I CAI I IG4EW / ICAS IcircleasèppropTratel Artin on behalf of= Name offfirm Address I Addre552 Tovm County Posico¢le Please make sure you have initialed every pa8e. propertyinark 6016 Accoun1￿1,5 h71t￿LI.. Doltr".