Charity Registration Number.. 273809 THE TOLKIEN SOCIETY TRU5TEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE TOLKIEN SOCIETY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Shaun Gunner (Chalrl Daniel Helen Dr Hannah McDonald Halley Ng Ire$lgned 13th Aprll 20241 jeremy Scott Edmonds lappolnted 3rd October 20241 Melissa Bischoff Ireslgned 13th Aprll 20241 Neil Sheppard Anderson (appointed 3rd October 20241 Niamh-Elizab@th Riordain Penelope Anne Haward Sarah Rachel Westvik William james Sherwood Charity Number 273809 Rèyistered Offite 3 Tithe Barn MÈrton Blcester OX25 2NF Bankers Charities Aid Foundation Independent Examlner Cangaf Accountants & Business Advisers 235 Tonge Moor Road Bolton BL2 2HR THE TOLKIEN SOCIETY CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tru5tee5' Report Ito2 Independent Examiner's Report StatÈment of Flnanclal AtfivltiÈs Balance Sheet Notes to the Financial Statements 6t017 THE TOLKIEN SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees prÈsÈnt their annual rÈport and finanti81 stètÈmÈnts for the year Ènded 31 Detember 2024 Perlod start date 0110112024 To Perlod end date 3111212024 Charity name: THE TOLKIEN SOCIETY Charity registration number: 273809 OBJECTIVES AND AcfiviTIES.. The Tolkien society seek5 to educate the public in, and prornote research into, the life and work5 of Professorlohn Ronald Reuel Tolkien CBE, and in furtherance of these objett5 has the following aim5'. 11 To afford 8 mÈans of communication of idÈas betwÈÈn stholars and othÈrs who havÈ a mutual interest in the life and works of Professor l.R.R. Tolkien CBE.. 21 At suitable times to sponsor and support special projects relating to the life and works of Professor l.R.R.Tolkien CBE.. 31 To publish a journal at regular interwals promoting these objects.. 41 To establish a memorial centre devoted to study. lectures and exhibitions relating to the life and works of Professorl,R.R. Tolkien CBE. preferably in a location a550ciated with him.. 51 To maintain and expand èn archive of Tolkien-related Tnaterial for research purp05es Membership 15 available to anyone worldwide on payrnent of an annual subscription. 11 All rnembers receive 6 topies of the Sotiety's newsletter. Amon Hen. one topy of the journal Mèllorn, annually. either as hard copy or electronically. 21 The Society maintains a website. www.tolkiensociety.ory and several social media channels through which it has engagement In the millions 31 The Society holds an annual general meeting followed by an after-dinner lecture given by a prominent Tolkien scholar. 41 Annually one or more academic serninars 8re held which are open to the public. where a Series of lectures from researchers on a selected Tolkien-related therne are given. The proceedings of these seminar5 are published and available for sale. 51 A weekend of lectures other attivitie5i5 held in Oxford annually, cultninating in a visit to Professor I.R.R.TDlkien's grave. The event is open to the publit. 61 Every 7 y@ars a public confÈr@ncÈ of l@cturÈs and other @v@nrs lasting several days is held. ThÈ proc@@dlngs of such conferencÈs a￿ later published as a substantial academic publication. 71 The Soci&ty malntalns an extenslve archive of Tolkien publlcatlons. orlglnal texts,news cllpplngs. fan ephemera and other scholarly works which is of significant research value. 81 The Society offers bursaries annually to support Tolkien scholars. It also Trises money to supply books to school libraries overseas and to establish a Tolkien Memorial Centre in the UK. The Trustees confirm that they have had regard to the guidance i55ued by the Charity Cornmis5ion on public benefit. ACHIEVEMENTS AND PERFORMANCE In 2024 six issues of the newsletter Amon Hen and one of the journal Mallorn were published. and distributed to the membership. As a result of the Covid-19 pandemic the society events are now held as hybrid or online using the Zoom platform. This allows many non-UK rnembers to attend. who could not travel to the UK. The Annual General Meeting wa5 held on 13 April at jesus College, Cambridge. An after-dinner lecture wa5 given by Dr An(Irew Higgin5. Page 1 of17 The annual Oxford weekend took place frorn 29 August to I September. There were 310 attendees at St Anne's Collegè. Oxford. and 305 from 27 counrrles attendèd online. Th& programme included 45 papers. a qui2. a masquerade. entertainments. and an art show. Guest speakers were Dr Sara Brown8nd Brian Sibley. Th& annual visit to the grave of Professor l.R.R. Tolkien CBE to lay wreaths and remember the person whose work inspired theTolkien Society was made and transmitted live to zoom attendees. In july there was a hybrid seminar featuring papers on the theme of Tolkien'5 Romantic Resonance5. while the zoom seminar in December was on the theme of Tolkien a5 Heritage. The Tolkien Reading Day wa5 in March. MembÈr5hip of the society ha5 gradually increased to 4015 at year @nd with members from 69 iountries worldwide. A slngle Bursary were awarded to support a student's research. The Tolklen and thè Wodd fund support&d an ove￿@aS studènt in the purthèse of books for his resèarch. A Peter Roe booklet XXlVTolklen and the Gothlc aswell as the t*oceedlngs of the 2019 Conference w&r& publlshed. FINANCIAL REVIEW The Tolkien Society's financial position at 31.12.24 was sound. with £434.271 carried forward to 2025. The surplus for the year was £64.691. The policy of the Tolkien Society on reserves is to ensure that no restricte(I fund goe5 materially into deficit and to maintain sufficient unrestricted funds to cover all foreseeable costs for the next two years. The reserve for restricted fund5 relating to events, such as the Oxford annual conference are used to pay dÈposits on actommodation ènd mÈÈting rooms in advènte of moniÈs bÈing collÈctÈd from bookings. As ÈvÈnts arÈ now all hybrid, the sotiÈty has invÈstÈd in its own ÈquipmÈnt to facilitatÈ thÈsÉ Èvents. Amount of reserves held .. The organisation held reserves of £434.271. No accounts reported zero or materially dehcient reserves. and there are no uncertainties regarding The Tolkien Society's ability to continue as a going concern. STRucfuRE. GOVERNANCE AND MANAGEMENT A constitution adopted OD 2810511977. a5 amended by the Annual General Meetings held in April 2002. April 2003. April 2007, Apri12010, April 2017, April 2019, and April 2020. An Executive Committee rnanages the charity in accordance with the constitution. ow is the charity constituted7 By an a55ociation of member5 who pay an annual subscription. Annual electlon by members of the Tolkièn Soci@ty at the Annual GÈn@rèl M@Èting of th@ Execurive Committee. If a Trusree resigns In the course of a year, the Trustee co-opt a new TrustÈe, who wlll need to be @lected at the following Annual General Meeting This report was approved by the trustees and signed on its b&half by.. Annie Haward Treasurer Date ." 27 October 2025 Page2of17 THE TOLKIEN SOCIETY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Exarniner's Report to the Tru5tee5 of The Tolkien Society report to the Charity Trustees on my exarnination of the accounts of the charity for the year ended 31 December 2024 which consists of the Statement of financial activitie5, balance sheet and the related note5 Responsibilities and basis of report As the tharity s trustÈÈs you èrÈ responsiblÈ for the prÈparation of thÈ accounts in èctordancÈ with thÈ rÈquirÈmÈnts of the Charities Act 2011 1.the Act'i I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission und&r section 145151Ibl of the Act. Independent Examiners Statement The charity'5 gr055 income exceeded £250.000 and l am qualified to undertake the examination by being a qualified mernber of ACCA. I have complÈtÈd my Èxaminttion. I confirm that no rn8tÈri81 matters have come to my attention in connÈttion with thÈ Èxaminètion (other than that disclosÈd below I whith gives me cause to believe that in, any matÈrial respett.. the accounting records wÈrÈ not kept in 8ccordante with section 130 of the Charities Act.. or the accounts did not accord with the accounting ￿Cords.. or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concern5 and have come acr055 no other mètter5 in connection with the exatnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name.. Cecilia Asamoah for and on behalf of Cangaf Accountant5 & Busines5 Advisers Date.. 27 October 2025 Page 3of17 THE TOLKIEN SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Recommended categorles by actSvlty Unrestrfcted fvnds Restrlcted Income fund5 Total Funds 2024 Total Funds 2023 Notes Income an endowments from.. DDnètiuns and legacies 137,290 2.960 140,25D 133.316 Charitable activities 4,872 111.269 116,141 150,457 Other trading activities 1.080 7.499 8.579 12.482 Investments 8.698 8.698 9.065 Total 151.940 121,728 273,668 305,320 Expenditure on: Raising funds 2.922 2.922 1.951 Charitsble activities 112.023 97.068 209.091 233.887 Other 26 4,215 4,241 3,880 Totèl 114,971 101,283 216,254 239.718 Net income 36,969 20,445 57,414 65.602 orher gainslllossesl 7.277 7,277 7.150 Extraordinary items 2.590 Net movement In funds 44,246 20,445 64.691 70,162 Reconciliation of funds.. Totsl fund5 brought for¥vard 223,191 146,389 369,580 299,418 Total fund5 carrfed forward 267.437 166.834 434.271 369,580 Page4of17 THE TOLKIEN SOCIETY BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Recomrnended categories by actlvlty Unrestrfcted fvnds Restrfcted Income funds Total Funds 2024 Total Funds 2023 Notes xed assets Intanglble assets 22.320 22.320 22.320 Tangible assets io 2.905 2.905 4.685 Heritage a55ets li 8,685 8,685 8,685 InvÈstmÈnrs 12 184.825 184.825 177.548 Total fixed assets 215.830 2.905 218.735 213.238 CurrÈnr assers Stocks 300 822 1.122 1.148 Debtors 13 12.009 1.207 13.216 8.244 Cash at bank and in hand 14 155.276 186.610 341.886 239.775 Total current asset5 167.585 188.639 356.224 249.167 Creditors.. amounts falling due within one yeor Net current assetsllliabilitiesl 15 115.978 24.710 140.688 92.825 51.607 163.929 215,536 156.342 Total net assets 267,437 166,834 434,271 369.580 Funds of the Charity Unrestricted funds 16 267.437 267.437 223.191 Restricted income fund5 16 166,834 166,834 146,389 Endowment funds 16 Total funds 267.437 166.834 434.271 369.580 The financial 5tstement5 were approved by the tru5tee5 on 27 October 2025 and signed on its behalf by.. Ann18 Haward Treasurer Date . 27 October 2025 Page5of17 THE TOLKIEN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting Policies The principal accounting policies adopted by the Charity. which is a public benefit entity. in the preparation of the accounts are a5 follow5. 1.1 Basls of preparatlon These accounts have been prepared under the historical c05t convention, as modified by the inclusion of charitable propÈrtlÈs and flxÈd assÈt InvÈstmÈnts and invesrmÈnt pmpÈrtlÈs at valuation. These 8tcounts have bÈÈn p￿par￿d in actordante with "Actounting and Reporting by Charitiès.. Statement of Recommended Practice applicabl& to chèriries preparing their accounts In accordance with th& Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective I January 20191- Icharities SORP IFRS 10211. thè Flnantial Reporting Standard applicable In the UK and R&publlc of Ireland IFRS 1021 and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. 1.2 Going concern The Ihjstees have prepared financlal projections. taking into conslderation the current economlc conditlons and have. at th& time of approving th&s& accoLJnts. a reasonable exp&ctation that the charity has adequate resources to continue in Dperational existence for the fo￿Seeable future. Thus they continue to adopt the going concem basi5 of ccounting In preparing the accounts. 1.3 Income from donations or grants Income from donations and grants is recognised when the charity is entitled to the funds. the receipt is probable and the amount can be measured reliably, For donatlQn5. this 15 usually on receipt. For grants, this is usually when a formal o'er is mède in writing. If è donation or grant contains tÈms and conditions outside of the tharity's control which must be met before the charity is entitled to the funds. or if the donor 5pecilies that the fund5 must be used in future time period5. then the incorne 15 deferred. 1.4 Legacles Legacies are included in the SOFA when receipt is probable. that is, when there has been grant of probate, the executors have established that there are suffi'cient assets In the estate and any conditions attached to the legacy are either within the control of the charity or have been met. 1.5 Tax rÉclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration frorn the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is t￿ated a5 an addition to the 5atne fund as the Initial donation unless the donor or the terms of the appeal have specified otherwise. Page6of17 1.6 Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless itnpractical to do so. Glftrs In kind for use by the charity are intluded Sn the SOFA as income from donatlons when retÈivable. al Donated good5 for dlstrlbutlon to beneflclarles The cost of èny stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the tirne of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are ￿cOgnised a5 an expense at the carying arnount of the 5tock5 at distribution. bl Dtsnated gotsds for resale Donated goods for resale are measured at fair value on initial recognition. which is the expected proceeds from sale le55 the expected costs of sale, and recogni5ed in 'lncome from othertrading activities. With the corresponding stock recognised In the balance sheet. On Its sale the value of stock is charged against 'lncome from other trading activities, the proceed5 frorn sale a￿ also recogni5ed ag'lncome from other trading activitie5'. tl Donated goods and servites capitalised as Tangible fixed assets Goods donated for on-going use by a charity in carrying out its activities are recognised as tangible fixed assets with the c0rre5ponding gain recogni5ed a5 incotne frorn donations Wlthin the SOFA. 1.7 Donated servlces and facllltles Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can bÈ mÈ3surÈd reliably. Donated services and facilities that are consumed immediately are recognised as incorne with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. 1.8 Income from charitable activities Income frotn charitable activities 15 recogni5ed over the period to which the income relate5. Concert fee5 arÈ recogni5ed at the date of the event. Membership fees are recognised over the period of the membership. Rent is recogni5ed over the period to which it relates. Any amounts relating to future periods are deferred. 1.9 Investment Income Dividends are included in the Statement of Financial Activitie5 when they Bre declared at an amount which includes the tax credit retoverable frorn HM Revenue and Custorns. 1.10 Income from membership subscriptions Membership 5ubscription5 received in the nature of a gift are recogni5ed in Donations and Legacie5. Membership subscriptions which give a member the right to buy services or other benefits are recognised as Income earned from the provision of goods and service5 a5 incotne from chèritsble activities. 1.11 other trading income other trading income from non-chBritable sources is recognised over the period to which It relates. Any relating to future periods 15 deferred. 1.12 Investment galns and losses This include5 any realised or unrealised gains or1055es on the Sale of investments and any gain or1055 resulting from revèluing InvÈstments to market value at the end of th& year. Page 7of17 1.13 Expenditure Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date a5 a result of a past event. it is probable that a transfer of economic benefi'ts will be required to settle the obligation. and the ount Can be e5tirn4ted reliably. It 15 inclusive of VAT which cannot be recovered. Direct Costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimatè of timÈ spent on charitablÈ activitiès by staff mÈmbÈrs. Support C05ts include staff costs Bnd are those which do not pro(luce a direct output. Staff costs ￿late to specific ctlvities and thls is reflected in the allocatlon of payroll costs based on the percentage of time spent. AII costs, including governance costs, are allocated between the expenditure categorie5 of the charity on a ba515 designed to reflect the use of the resource. Costs relating to a particular activity are charged directly.. others are pportioned on an appropriate ba515. Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various èttivitiÈs of the Charity. 1.14 Taxatlon The organisation 15 a registered charity and hos no liability to incorne tsx or corporation tsx on its charitable ctivities during the year. Value added tax 15 accounted for on an accruals basi5. 1.15 Credltors The charity has creditor5 ¥vhich are rnea5ured at 5ettlernent amount5 less any trade discounts. 1.16 Provlslons for Ilabllltles A liability 15 measured on recognition at its historical cost and then subsequently rneasured at the best estimate of the amount required to sÈttlÈ the obligation at thÈ oporting datÈ. 1.17 Fund accounting Unrestricted fund5 are those fvnds which are available for use 4t the discretion of the Trustees in furtherance of the genèral oblÈctives of the thtrlty and whlch havÈ not b&Èn designated for other purpos&s. RÈstrittÈd funds are funds whith arè to bè usÈd in actordantÈ with specilic restrictions imposed by donors or whith have been raised by the charity for particular purposes. 1.18 Intangible fixed assets Intangible fixed a55ets are non-monetsry fixed a55ets that do not have physical substance but are identifiable and re controlled by the charity through custody or legal rights. Intangible fixed a55ets include goodwill purchased on the acquisition of 8 business andlor purchased Intangible assers such as concessions. patents. licences. trademarks and sitnilar rights. Although such assets lack physical substance they provide an on-going economic benefit to the charity. Intangible fixed assets are capitali5ed and included at cost and are amortised on a straight-line lor a rnore ppropriate systematic) basis over th&ir useful Èconomic lives on the following basis.. Page8of17 1.19 Tangible fixed assets Tangible fixed a55et5, such as land buildings, plant, vehicle5 and equipment, are held to provide an on-going economic benefit to a charity through their contribution. directly or Indirectly. to the provision of goods or Se￿iceS by the charity. Tangible fixed assets. other than freehold land. are stated at cost or valuation less depreciation and any provision for itnpairment. Depreciation is provided at rate5 calculated to write off the cost or valuation of fixed asset5, le55 their estlmat&d residual value, over thelr expected useful lives on the following basls.. 1.20 Herltagé aSS￿S The charity has herltage assets, that Is. non-monetary assets with historic. artistic. sclentlfic. technologlcal. geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. Heritage a55ets initially recognised at C05t may continue to be carried at historical cost subject to any depreciation or impairment, or charities may ch005e to adopt a policy of valuation. A heritsge a55et rnUSt be depreciated over it5 Useful economic life. However, certain heritage a55et5 tnay have Indefinit& lives and are therefore not depr@ciatÈd. In eithÈr cès@, a hÈritage asset must be reviewed at the reporting dat& for imp8irment. ImpairmÈnt may ￿ due to physical d@t@riorètion. breèkagÈ, nÈw &vident& giving rise to doubts as to Its authenticity. or other factors. The Tolkien Society has an archive of Tolkien-related items including books. fanzines. newspaper clippings. costumes nd clothes and other memorabilia. It would not be practical to value the archive due to the amount of material held most of which is of no mometary value. However. in 2021 letter5 from Prof. l.R.R. Tolkien and Mrs Edith Tolkien to the photographer. Pamela Chandler. were purchased at auction. These are included at cost. In 2022 a further letter was (Ided. Silver coin5 and a bottle of single malt whisky in a box made from Prof. Tolkien'5 favourite pine tree were dded in 2023. The SDiiety has a written Atquisltions and Disposals polity. The Arthivist Is set an annutl budget for atquisltions. Any large Itèms ar& tonfirmÈd by thè Trustèes. Th& ArthlvÈs ar& held in sècure conditions at the Surrey Heritage Centre In professional packaging. 1.21 Investments Fixed a55et investtnents in quoted Shares, traded bonds and sitnilar investments are valued initially at C05t and subsequently at fair value (their market valuel at the year end. The same treatment 15 applied to unlisted Investments unlÈss fair vèluÈ cannot be mÈasured reliably in whith casÈ it is measured at tost less Impaiment. 1.22 Stocks and work In progress stocks held for sale as part of non-charitable trade are measured at the lower cost or net realisable value. Good5 or service5 provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of Stock. 1.23 Dèbtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount fter any trade discounts or amount advanced by the tharity. Subsequently, they are measured at the cash or othÈr consideration expected to be received. Page9of17 2. Income from Donatlons and Legacles Analysis Unrestricted funds Restrlcted Income fund5 Total funds 2024 Total funds 2023 Donation and gifts Gift Aid 2,816 2.960 5.776 3.329 5.476 5.476 5.308 Legacies Membership subscription5 and sponsorships which are in substsncÈ donation5 200 200 128.798 128.798 124.679 Total 137.290 2.960 140.250 133.316 3. Income from Charitable Activities Analysis Unrestricted funds Restrlcted Income funds Total funds 2024 Total fund5 2023 AGM 2.205 2,205 1,280 ISTOR Other 365 365 615 2,302 2,302 1,761 Oxford Conference 111.269 111.269 146,801 Total 4,872 111,269 116,141 150,457 4. Income from Other Trading Activitie5 Analysis Unrestricted funds Restrided income funds Total funds 2024 Total fund5 2023 Sales of t- shirts, publications 1,080 7,499 8,579 12,482 Thtal 1,080 7,499 8.579 12.482 5. Income from Investments Analysls Unrestrlcted funds Total funds 2024 Total funds 2023 Dividend intomÈ 8.065 8.065 8.575 Interest income 633 633 490 Thtal 8,698 8,698 9.065 Page1tsof 17 ## **6. Expenditure on Raising Funds** |**Analysis**
Advertising, marketing, direct mail and publicity
**Total**
**7. Expenditure on Charitable Activities**
**Analysis**
Oxford Conference
Newsletter and annual journal
Storage
Tolkien Busary
AGM
Other Expenses
**Total**
**8. Other Expenditure**
**Analysis**
**Unrestricted funds**
**Restricted income**
**funds**
**£**
**£**
Cost of
trading
goods
26
4,215
**Total**
**26**
**4,215**||**Total funds 2024**
**£**
2,922|**Total funds 2023**
**£**
1,951| |---|---|---|---| |||**2,922**|**1,951**| |||**Total funds 2024**
**£**
96,269
67,132
6,501
500
3,723
34,966|**Total funds 2023**
**£**
134,132
59,926
5,550
3,015
735
30,529| |||**209,091**|**233,887**| |||**Total funds 2024**
**£**
4,241
**4,241**|**Total funds 2023**
**£**
3,880
**3,880**| ||||| ## **7. Expenditure on Charitable Activities** ## **8. Other Expenditure** Page 11 of 17 9. Intanglble Flxed Assets Patents and Tradernarks other 9.1 Cost or voluatlon At 01 january 2024 22.320 Additions Disposals Revaluations Transfers At 31 Dec&mb@r 2024 22,320 9.2 Amortisètign and impairnients At 01 january 2024 Charge for the year Di5P05als RevaluatlOn5 Transfèrs At 31 December 2024 9.3 Net book value At 01 january 2024 22.320 At 31 Decetnber 2024 22.320 Page12of 17 10. Tanglble Flxed Assets Fixtures & Fittings Plant & Machinery 10.1 Cost or valuatlon At 01 january 2024 10.280 Additions Disposals Revaluations Transfers At 31 DÈc@mber 2024 10,280 10.2 Depreciation and impairments At 01 january 2024 5.595 Charge for the year 1.780 Disp05als Revaluabons TransfÈrs At 31 December 2024 7,375 10.3 Net b*Jok value At 01 january 2024 4.685 At 31 Decernber 2024 2.905 Page13of 17 11. Heritage Assets Heritage assets 11.1 Cost or valuatlon At 01 january 2024 7,395 Additions 1.290 Disposals Revaluations Transfers At 31 December 2024 8.685 11.2 Depreciation and impairments At 01 january 2024 Charge for the year Disposals Revaluation5 Transfers At 31 December 2024 11.3 Net book value At 01 january 2024 7.395 At 31 December 2024 8.685 lil Explain the riature 2nd scale of heritage assets held. The Tolkien Society has an archive of Tolkien-related items including books. fanzines, newspaper clippings, COStume5 and clothes and other memorabilia. It would not be practical to value the archive due to the amount of materi31 held most of which is of no mometary value. However, in 2021 letters from Prof. l.R.R. Tolkien and Mrs Edith Tolkien to the photographer. Pamela Chandler. were purchased at auction. These are included at cost. In 2022 a further letter wa5 added. Silver coin5 and a bottle of Single malt whisky in 2 box made from Prof. Tolkien'5 favoLJrite pine tree were added in 2023. lill Explain the policy for the acquisition, p￿serVation. management and disposal of heritage assets. The Society has a written Acquisitions and Disposals policy. The Archivist is set an annual budget for acquisitions. Any large item5 3￿ confirmed by the Tru5tee5. The Archives are held in Secure conditions at the Surrey HeritBge Centre in professional packaging. Page 14 of 17 12. Investments Listed Investments Carrylnglfalrl value at beglnnlny of perlod 177,548 Add I Ideductl.. netgain I Ilosslon revalu3tion 7,277 Carryinglfairl value at end of year 184.825 Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowledgeable and willing partie5 in an arm's length transaction. For traded 5ecuritie5, the fair value 15 the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market. It Is the trustees, or valuers, best estimate of fair value. 13. Debtors: Amounts falling due within one year Total funds 2024 Total funds 2023 Other debto 13,216 13.216 8.244 Total 8.244 14. Cash at bank and in hand Total funds 2024 Total funds 2023 Cash at bank and in hand 34L,886 239,775 Total 341.886 239.775 15. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 Trade creditors Accruals and deferred income 1,035 139,653 92,825 Total 140.688 92.825 Please explaln the reasons why Income Is deferred: Membership subscriptions can be paid at any point in the year and last for 12 months. The months relating to the following year are deferred. In addition in 2024 a conference was orgBni5ed for May 2025 3nd re9iStrations were taken from Nov. 2024 for this event. Page 15of 17 16. Charity funds 16.1 Details of matèrial funds held and movemènts during the PREVIOUS reporting period. Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds.. The 'Total funds. fi'gure below should reconcile to 'Total funds. in the balance sheet. Key.. PE - permanent endowment funds,. EE - expendable endowment fund5,' R - restricted income funds, including special trusts, of the charity,. and U - unrestricted funds Type Fund balances brought forward Gain5 Income Expenditure Transfers and losses Fund balances carried forward Fund names EE Ror UR* Purpose and Restrictions Oxonmoot R Annual conference held in Oxford 37,269 155,040 1138,7301 12,5901 50,989 To collect monie5 through donations and sales to fund the distribution of book5byl RR Tolkien to schools in countries unable to afford them. as well a5 to supply scholars with publications. Tolkien and the World 20,182 1,562 16491 21,095 To establish 3 permanent centre to celebrate the life and work of Profe550r l R R Tolkien Tolkien Centre 20.010 40.000 60.010 To fund the attendance of Tolkien scholars at academic events or their research. Tolkien Bursary 4,236 2,527 13,0151 3,748 To publish collection5 of academic papers from society events 8,869 in memory of a young deceased member. Peter Roe Fund 1,728 1501 10,547 Other Funds NIA NIA 208.852 144,464 197.2751 140,0001 7,150 223.191 Total Fund5 299,418 305,321 1239,7191 12,5901 7,150 369,580 Page 16of 17 16.2 Detslls of materlal funds held and movements durlng the CURRENT reportlng perlod. Please give details of the movements of material individual funds in the reporting period together with a balancing figure for'other funds,. The 'Tot31 funds, ligure below should reconcile to 'Total funds, in the balance sheet. * Key.. PE - permanent endowment funds.. EE expendable endowment funds.. R - restricted income funds. including special trusts, of the charity,. and U - unrestricted funds Type PE. Fund balances brought forward Gains Income Expenditure Transfers and losses Fund balance5 carried forward Fund names Purpose and Restrictions Ror UR* Oxonmoot R Annual conference held in Oxford 50,989 116.3641100.4841 66,869 To collect monies through donation5 and sales to fund the distribution of books byl R R Tolkien to Schools IN 21,095 countries unable to afford them. as well as to supply scholar5 Wlth publications. Tolkien and the World 1,301 12991 22,097 To establish a permanent centre to celebrate the life ane work of Profe5sorl R R Tolkien Tolkien Ceritre 60.010 60.010 To fund the attendance of Tolkien scholars at academic events or their research. To publish collections of academic papers from Society events 10,547 in memory of a young deceased member. Tolkien Bursary 3.748 15001 5.499 2.251 Peter Roe Fund 1,812 12,359 other funds NIA NIA 223,191 151.9401114.9711 7.277 267,437 Total Funds 369,580 273,6681216,2541 7,277 434,271 Page 17of 17