Charity Registration No. 290660
THE WIENER LIBRARY ENDOWMENT TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE WIENER LIBRARY ENDOWMENT TRUST
CONTENTS
Page
Legal and Administrative Inforn]ation
Trustees, Report
Statement of Trustees, Responsibilities
Independent Auditor's Report
7-11
Statement of Financial Activities
12
Statement of Financial Position
13
Statement of Cash Flows
14
Notes to the Financial Statements
15-22

THE WIENER LIBRARY ENDOWMENT TRUST
LEGAL AND ADMtNISTRATIVE INFORMATION
Trustees
Tracey Campbell (Chair)
Pierre Davis
Martin Fraenkel
Andrew Kaufinan
Thierry Serero
Charity number
290660
Principal address
29 Russell Square
London
WCIB 5DP
Statutory Auditors
Shaw Gibbs (Audit) Limited
ststutory Auditor
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ

THE WIENER LIBRARY ENDOWMENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEIVIBER 2024
The Trustees present their annual report together with the audited financial statements of the Trust for
the year ended 31 December 2024.
Nature of governing document
The Wiener Library Endowment Trust ('th¢ Trust,) is a registered charity (no: 290660). Its address is
29 Russell Square, London, WCIB 5DP. The Trust was constituted on 12 November 1984 by a
declaration of trust.
Trustees
Thc Tn￿'S Trustees during the year and up until th¢ authorisation of this report were:
Tracey Campbell (Chair)
Pierre Davis
Charles Elliott (to July I,)
Richard Flax (from 21.
February 2025)
Martin Fraenkel (to 21
February 2025)
Andrew Kaufinan
Thierry Serero
Trustees are nominated by the trustees of the TrusL subject to the approval of the Board of The Library.
The Trustees would particularly like to thank Charles Elliott for bis contribution to the investment
discussions since his appointment. The plans for trustee succession over the next three years have
progressed well and new appointments, following a period of getting to know the Endowment
operations, will be recorded in the 2025 accounts.
The accounts have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the Trust Deed dated 12 November 1984 as amended by deed dat￿ 16
January 2014 ( "Trust Deed,), Statement of Recommended Practice: Accounting and Reporting by
Charities prcparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and R￿UbliC of Ireland (FRS 102) ('the SORP,), FRS 102: The Financial Reporting Standard
applicable in the UK and Republic of Ireland ('FRS 102,), the Charities Act 2011 and UK Generally
Accepted Accounting Practice.
Objectives and Key Activities
The Trust's objects are the support and maintenance of The Wiener Holocaust Library ('The Library,)
and the advancement of the study of contemporary history with special reference to the era of
tota11t￿lan]sM and the Holocaust of European Jewry. To this end the Trust invests the capital it receives
by way of gifts, legacies, any suryluses on fundraising activities and investment income to generate
the amount required for the regular grants paid exclusively to The Library as a contribution towards its
operating costs.

THE WIENER LIBRARY ENDOWMENT TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The declaration of trust perniits the Trustees to apply the income and up to 50 % of the capital of the
Trust for its objects, and it allows them to place the capital and income in such investments as they see
fiL
The Trustees, objective is to maximise the medium-terni investment retL]rns whilst maintaining the
moderate risk profile of the investment portfolio.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities they should undertake.
The Trust furthers its charitable pury)ose for the public benefit through its grant-making policy which
aims at.
a) Supporting and maintaining The Wiener Holocaust Library
b) Advancing the study of contemporary history with special reference to the era of totalitarianism
and the Holocaust of European Jewry
The Trustees confirni that in setting the Trust's objectives and planning its activities they have complied
with their duty under the Charities Act 201 I to have due regard to the Charity Commission's general
guidance on public benefit.
The Trust depends upon the Trustees and The Library's employees for their time and effort which is
provided without a charge to the Trust. It is not possible for the Tn￿te¢S to attribute a specific financial
value for this assistance, but they wish to express their thanks on the Trust's behalf for all help received
from The Library employees.
Financial Review
During the year the Trnst's total expenditure was £263,341 (2023: £239,710) of which the grant to
The Library totalled £220,000 (2023: £220,000) the level at which the grant is expected to continue
going forwards.
The Trust's income for the year was £806,024 (2023: £137,984). The Trust was therefore able to meet
the grant of £220,000 to The Library out of this income. The Trust's insurance, bank charges and audit
fees were also covered by total income coming from donations, legacies and investment income.
The Trust received donations and gifts of £534 {2023: £535) and bequests of £725,010 (2023:
£57,035) during the year. The Trustees would like to thank all those who contributed to the Trust
during the year and particularly acknowledge the generous legacy from the Estate of Rosemary
Lewis, of which the portion reCO￿lised in these accounts was £725,010.

THE WIENER LIBRARY ENDOWMENT TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Funding and reserves policy
It is the policy of the Trust to maintain unrestricted fi]nds (free reserves), at a level which enables the
Trustees to continue the grant giving policy as stated above. The level of reserves held by the T￿￿t at
31 December 2024 amounted to £4,202,914 (2023: £3,495,465). This is in line with the reserves policy.
Investment portfolio policy and perforniance
ID 2024 the Trust continued to invest with the aim of maximising total return over a 3-5 ycaT view
while maintaining a moderate risk profile. Investments are made in UK and overseas stocks and bonds
together with a modcst exposure to alternative investments. Two external fLmd managers with specialist
charity departments arc used for the asset management, each with a different risk mandate.
The managers were selected following meetings with a number of potential institutions and careful
considerntion was given to the invesknent approach and mandates of the managers, so that the portfolio
as a whole is managed on a diversified basis, and with some flexibility with regard to asset allocation.
With the arrival of such a generous legacy, it was possible to partially de-risk the portfolio through
extending the share of cash investments, managed by a third investment manager towards the end of
the year. This provided a ￿eater contribution from interest as part of the make-up of the 2024 granL
particularly welcome in volatile times for the stock market. The Trustees continued to receive dividends
from the equity portion of the portfolio at the time of payment which smoothed the build-up of each of
the two ￿ant payments. These accumulated contributions have also benefitted from the additional
income provided by greater use of the cash management account in a period of much-improved interest
rates.
The return from investments takes the fonn of interest and dividend income along with capital increase.
The total return on investmcnt this year was approximately 7 %.
The Trustees continued to hold regular mcctings with the investment managers to review progress on
the portfolios and examine the risks to which the Trust is cxposcd to mitigat¢ any impact on the Trust's
future operations.
Risk management
The Trustees continually assess the major risks to which the Trust is exposed, in particular
those related to the operations and finances of the Trust and believe that adequate procedures
are in place to minimise exposurc to these major risks.

THE WIENER LIBRARY ENDOWMENT TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for the future
To date taking a considered and balanced approach to risk management has resulted in capital gains
being sufficient to cover the full grant payment on a rolling 3-year basis, cven if some individual years
have seen a capital decline. This recent history, however, is no guarante¢ of future returns and so, while
the recent increases in interest rates are expected to be helpful in coming years, the long-terni capacity
of the Trust to pay out the filll grant amount over coming decades remains vulnerable to market
volatility.
The Trustees, report was approved by the Board of TnLStees.
Tracey Campbell
Trustee
Dated.. ioth October 2025

THE WIENER LIBRARY ENDOWMENT TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible for prep￿ing the Trustees, Report and the accounts in accordance with
applicable Law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practic¢).
The law applicable to chariti¢s in England and Wales requires the Trustees to prepare accounts for
each financial year which givc a tn￿ and fair view of the state of affairs of the Trust and of the incoming
resources and application of rcsources of the Trnst for that year.
In preparing these accounts, the Trustees are required to:
select suitable accounting policies and then apply them consistently"
observ¢ the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and pnjdent.
stste whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless It is inappropriate to presume that the
Trust will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Trust and enable them to ensure that the accounts
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the
provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Trust and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
WIENER LIBRARY ENDOWTr￿NT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
Opinion
We have audited the financial statements of The Wiener Library Endowment Trust (the 'Trust') for the
year ended 31 December 2024, which comprise the Statement of Financial Activities, Balance Sheet,
and Notes to the Financial Statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their prcparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (Unitcd Kingdom Generally Accepted
Accounting Practice).
In our opinion the fmancial statements:
. give a true and fair view of the state of the Tn￿t'S affairs as at 31 D¢cember 2024 and of its incoming
resources and application of resources, including its incomc and expenditure, for the year then ended;
. have been propcrly prcparcd in accordancc with United Kingdom Generally Accepted Accounting
Practice. and
. have b¢¢n prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the Trust in accordance with the ethical requirements that are relevant to our audit of the fllfdncial
statements in the UK including the FRC'S Ethical Standard and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Other matter
We draw attention to the fact that the comparative period values were not audited as the trust was
entitled to exemption from audit under section 144(2) of the Charities Act 2011 (the 2011 Act) and
required an indcpcndent examination only.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern
basis of accounting in the preparation of the f￿￿ncIal statements is appropriate.
Based on the work we have perforn]ed, we hav¢ not identified any matuial uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the Tn￿'S ability to
continue as a going concern for a period of at least twelve months from when the fmancial stat¢ments are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described
in the relevant sections of this report.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
WIENER LIBRARY ENDOWMENT TRUST
FOR THE YEAR ENDED 31 DECEltrtBER 2024 (CONTINUED)
Other infornvation
The other inforniation comprises the inforniation included in the annual report, other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other inforniation.
Our opinion on the financial statcmcnts does not covcr thc other infomiation and, except to the extent
otherwise explicitly stated in our rcport, we do not cxprcss any forni of assurance conclusion thereon.
Our responsibility is to read the other inforniation and, in doing so, consider whether the othcr
inforniation is matcrially inconsistent with the financial statcmcnts or our knowledge obtained in the
course of the audit, or othcrwisc appears to be materially misstated. If we identify such material
inconsistencies or apparent Tnatcrial misstatements, wc arc required to deterniine whether there is a
material misstatement in the financial stat¢ments or a material misstatement of the other inforn]ation.
If, based on the work we have perfornied, we conclude that there is a material misstatement of this
other infOrn]ati0￿ we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Trust and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
. the inforniation given in the Trustees, Report is inconsistent in any material respect with the
financial statements. or
' sufficient accounting records have not been kept; or
. the fmancial statements are not in agreement with the accounting records. or
' we have not received all the infornlation and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trnstees, Responsibilities (set out on page 5), the
Trustees are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view, and for such internal control as the Trustees detcrniinc is necessary to
enable the preparation of financial statements that are free from material misstatement, whcther due
to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Trust's ability to
continue as a going concern, disclosin& as applicable, matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidat¢ the Tnlst or to cease
operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
ENER LIBRARY ENDOWMENT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
Auditor's responsibilities for the audit of the financial statsments
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatemen( whether duc to fraud or error, and to issuc an auditor's report
that includcs our opinion. Reasonable assurance is a high Icvel of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement
when it exists. Misstatements can arisc from fraud or error and are consid¢red material if,
individually or in the aggregate, they could reasonably be Cxpected to influence thc economic
decisions of uscrs takcn on the basis of these financial statemcnts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
The extent to which the audit was considered capable of detecting irregularities including
fraud
Our approach to identifying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations, was as follows:
. the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or reco￿lIse non-compliance with applicable laws and
regulations.
' we assessed the extent of compliance with the laws and regulations identified above through
making enquiries of management and inspecting legal correspondence" and
' we identificd laws and regulations were communicated within the audit team regularly and the t￿arn
remained alert to instances of non-compliance throughout the audit.
We considered the nature of the Trust's sector and its control environment, and reviewed the Trust's
documentation of their policies and procedures relating to fraud and compliance with laws and
regulations. We also identified the laws and regulations applicable to the Trust through discussions
with the Trustees and other management, and from our cumulative audit, knoWI￿ge and experience
of the Trust.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
WIENER LIBRARY ENDOWMENT TRUST
FOR THE YEAR ENDED 31 DECEItrIBER 2024 (CONTINUED)
We obtained an understanding of the legal and regulatory framework that the Tn￿ operates in, and
identified the key laws and regulations that..
. had a direct effect on the detern]ination of material amounts and disclosures in the financial
statements. These included The Charities Act 2011, the Charities SORP, and UK financial reporting
standards as issued by the Financial Reporting Council. and
. do not have a direct effect on the financial statements but compliance with which may be
fundamental to the Trust's ability to operate or to avoid a material penalty. These included the
Trust's regulatory requirements and taxation legislations.
We assessed the susceptibility of the Trust's financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
. making enquiries of management as to where they considered there was susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud. and
' considering the internal controls and policies in place to mitigate risks of fraud and non-compliance
with laws and regulations.
In response to the risk of irregularities and non-compliance with laws and regulations, we des1￿1ed
procedures which included, but were not limited to:
' reviewing financial statement disclosures by testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on
the financial statements.
' perfonning analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatement due to fraud;
• enquiring of the Trustees concerning actual and potential litigation and claims, and instances of
non- compliance with laws and regulations. and
' reading minutes of Trustee meetings, reviewing internal audit reports and reviewing
correspondence with the Charity Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws
and regulations are from financial transactions, the less likely it is that we would become aware of
non-compliance. Auditing standards also limit the audit procedures required to identify non-
compliance with laws and regulations to enquiry of the Trustees and other rnanagement and the
inspection of regulatory and legal correspondence, if any.
io

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and perfornied our audit in accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations (irregularities) is from the events and
transactions reflected in the financial statements, thc Icss likely the inherently limited procedures
required by auditing standards would identify it. In addition, &s with any audit, there remained a
higher risk of non-detection of irregularities, as these may involve collusion, forg¢ry, intentional
omissions, misreprcscntations, or thc override of internal controls. We are not responsible for
preventing non-compliance and cannot be expected to detect non-compliance with all laws and
regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website
at: www.frc.org.uk/auditorsresponsibilities. This description fonns part of our auditor's report.
Use of our report
This report is made solely to the Trust's Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the Trust's Trustees those matters we are required to state to them in an auditor's
report and for no other purpose. To the fidlest extent perniitted by law, we do not accept or assume
responsibility to anyone other than the Trust and the Trust's Trustees as a body, for our audit work,
for this repor¢ or for the opinions we have fonned.
Shaw Gibbs (Audit) Limited, Statutory Auditor
Salatin House
19 c￿aT Road
Sutton
Surrey
SM2 5DA
Date:
Shaw Gibbs (Audit) Limited is eligible for appointment as auditor of the charity by virtue of its
eligibility for appointsnent as auditor of a company under section 1212 of the Companies Act 2006.
li

THE WIENER LIBRARY ENDOWMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
General
Fullds
Total
Funds
2024
Total
Funds
2023
Endowment
Funds
Note
Income from:
Donations and legacies
Investments
725,544
725,544
57,570
Total income
806 024
806 024
137 984
Expenditure oll:
Raising funds
Charitable activities
36,966
226 375
36,966
226.375
17,140
222 570
Total resources expended
263 341
263 341
239 710
Net (losses)/gains on
investments
164 766
164766
Net incomingl(outgoing)
resources before
transfers
542,683
164,766
707,449
(143,164)
Gross transfers between
funds
542 683
542 683
15
Net movement in funds
707,449
707,449
(143,164)
Fund balances At:
l January 2024
3 495 465
3 495 465
3 638 629
31 December 2024
4 202 914 4 202 914
349546
All of the Trust's activities derive from continuing operntions during the above two periods.
The Trust has no recognised gains or losses other than the net movement in funds for the year.
12

THE WIENER LIBRARY ENDOWMENT TRUST
STATE1￿[ENT OF FINANCIAL POSITION
AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Invesbnents
11
4,203,119
3,461,761
Current assets
Cash at bank
Other Debtors
7,195
19,979
17,495
13
Creditors: amounts falling due within
one year
14
Net current Oiabilities)/assets
(205
Total assets less current liabilities
49
Capital fimd
General unrestricted fL]nd
Endowment fund
15
15
4 202 914
3 495 465
4202 914
3 495 465
The financial statements were approved by the Trustees and authorised for issue on
10 October 2025 and are s]￿ed on behalf of the Trustees by:
Tracey Campbell
T￿￿te¢
13

THE WIENER LIBRARY ENDOWMENT TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operating activities
Cash inflow from/ (absorbcd by) operations 19
495,135
(199,635)
Investing activities
Proceeds on disposal of fixed asset investment
Purchase of investments
Investment income r¢ceived
646,601
(1,235,000)
1,030,547
(917,526)
80.414
Net casb gellerated from investing activities
507 919
193 435
Net decrease in cash and cash equivalents
(12,784)
(6.2(K))
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
14

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Trust inforniation
The Trust was constituted on 12 November 1984 by a Declaration of Trust.
1.1 Basis of preparation
These accounts have been prepared in accordance with FRS 102 "The FinanciaI Reporting Standard applicable
in the UK and Rq)ublic of Ireland ("FRS 102"), "Accounting and Reporting by Charities the Statement of
Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accept
Accounting Practicc as it applies from l January 2019. The T￿st is a Public Benefit Entity as defined by FRS
102.
The accounts are prepared in sterling, which is the functional currency of the monetary amounts in these
fmancial statements which are rounded to the nearest £.
The accounts have been prepared on the historical cost convention with items reCO￿lSed at cost or transaction
value unless othcrwisc stated in the relevant notes to these accounts.
The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Trust has adequate
resources to continue in operational existence for the foreseeable fjJture, Thus, the Trustees contiJ)ue to adopt
the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestricted fLmds are available for use at the discretion of the Trustees in fLlltherance of their Ch￿itable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. There were no
restrict￿ fjjnds in this last 12 month period.
Endowment funds held by the Trnst may be granted, at th¢ discrction of the Trustces. to Thc Library up to a
maximum of 50 per cent of the capital value of the Trust.
1.4 Incoming resources
Income is recognised when the Trust is Icgally entitled to it after any perfornlance conditions have been mct,
the amounts can bc mcasured reliably, and it is pmbable that income will be received.
15

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (Continued)
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of
the donatio￿ unless perforn￿nCe conditions require deferral of the amount. Income tax rccovcrable in relation
to th)nations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donations, legacies and other forn￿ of voluntary income arc rccognised as incoming resources when rec¢ivabl¢,
exc￿t insofar as they are incapable of fmancial measurement.
1.5 Resources expended
Expenditur¢ is included on an accruals basis and inclusive of VAT.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, d￿OSitS held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instrnments
The Trust has elected to apply the provisions of Section I l Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its fllyancial instruments.
Financial instruments are recognised in the Trust's balance sheet when the TrLL8t becomes party to the contractL
provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the fllmncial statements, when there
is a legally enforceable right to set off the recognised amounts and there is an intention to settIe on a net basis
or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently caffied at amortised cost using the effective interest
rnethod unless the arrangement constitutcs a financing transaction. wherc the transaction is Measur￿ at th¢
pr¢s¢Dt value of the future receipts discounted at amarket rate of interest. Financial assets classified as receivable
within one year are not amortiseiL
Basic financial ]iabilities
Basic fllwlcial liabilities, including trade and other payables, are initially reCO￿lsed at transaction price unl&8S
the arrangement constitutes a ru￿1clllg traTh8action. where the debt instrLllllcllt is measured at the present valuc
of the futurc receipts discounted at a market rate of interest. Debt instriunents ar¢ subsequ¢ntly carried at
amortised cost, using thc cffcctive intcrest rate method.
Trad¢ payables are obEigations to pay for goods or servic&8 that have been acquired in the ordinary course of
operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
16

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (Continued)
Reallsed gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses
on investments are calculated as the difference between sales proceeds and their opening carrying value or
their purchase value if acquired subsequent to the fwst day of the fmancial year. Unrealised gains and losses
are calculated as the difference between the fair value at the year end and their canying value.
Realised and unrealised investment gains and losses are combined in thc Statement of Financial Activities.
Derecognition of finydnciydl liabilities
Financial liabilities are derecognised when the Trust's contractual obligations expirc or are discharged or
cancelled.
Crltical accounting estimates and judgements
In the application of the Trust's accounting policies, the Trustees are requiIed to make judgements estimates
and assumptio￿$ about the canying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these ¢stin￿t¢s.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estirnates
are recognised in the period in which the estimate is revised where the revision affects only that period, or in the
period of the revision and ￿tUre periods where the revision affects both Cu￿ent and future periods.
Donations and legacy income
2024
2013
Donations and gifts
Bequest- Estate of Rosemary Lewis
534
725 010
535
Income from donations and legacies for the current and previous year were all unrestricted.
Investment income
2024
2023
Income from listed investments
Interest receivable
77,067
79,546
868
Investtnent income for the cu￿ent and previous year was all unrestricted.
5 Raising funds
2024
2023
Investment management fe&
Expenditure on raising funds for the current and previous year was all unrestricted.
17

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEIVIENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6 Charitable activities
2024
2023
Grants payable (see note 7)
Share of govetnancc costs (see note 8)
220,000
220,000
22
Expenditure on charitable activities for the Cu￿ent and previous year werc all unrestiictcd.
222 570
7 Grants payable
2024
2023
Grants to institutions..
Support and maintenance of The Library
Grant payablc during the year was to Support and maintenance of The Library. All grants payable in
the current and previous year were from unrestricted fi]nds.
Governance costs
22
2024
2023
Indq)endent examination fee
Bank Charges
Auditor's remuneration
120
60
5,400
795
1,800
770
ExpendltL￿e on governance costs for the current and previous year were all unrestricted.
Trllstees
None ofthe Trustccs (or any pcrsons connected with them) received any remuneration or benefits from the Trust
during the year.
10 Employees
Thcrc were no employees during the current or previous year.
11 Fixed asset investments
Listed investments
2024
2023
Valuation
At l January 2024
Additions
Valuation changcs
Disposals
At 31 December 2024
3,461,761
1,235,000
152,959
646 601
3,616,220
917,526
(41,438)
1030 547
18

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
I l Fixed asset investments (continued)
The market value of each class of i))vestment comprises of:
2024
Equity
Fixed interest security
Other
2,66?,294
1.430,935
109 890
2.998.477
347 526
115758
3 461761
12 Financiydl instruments
2024
2023
Carrying amount of fmancial assets
Investment in equities and fixed interest securities at fair
value
4203119
Carrylng amount of financial Iiydbilities
Measured at amortised cost
13 Other Debtors
20
2023
Accrued dividend income from investment manager
14 Creditors: amounts falling due within one year
2024
2023
Accrua expenKs
19

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Funds
Transfer
between
fimds
Other
gains I
Oosses)
Balance at31
December
2024
Balance at I
January 2024
Incoming Outgoing
resources
resources
Gcncral unrestticted fund
Endowment fund
Total funds
806.024 (263,341)
(542,683)
542 683
3 495 465
164 766
4 202 914
Transfer
between
funds
Other
gains I
Oosses)
Balance at 31
December
2023
Balance at I
January 2023
Incoming Outgoing
resourees resources
Gen￿al unrestricted fund
Endowment fi￿d
Total funds
137,984 (239,710)
101.726
101726
3 638 6?9
3 495 465
General unrestricted funds are available for use at the discretion of the Trnstees in furtherance of their charitable
objectives.
The specific Endowment fund disclosed was created to further the objects of the Trnst generally and is not
restricted as to its use.
16 Restricted funds
No restricted fL￿dS wcrc held at 31 Decernber 2024.
20

THE WIENER LIBRARY ENDOWMENT TRUST
ISOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Designated funds
No designated funds were beld at 31 December 2024.
18 Analysis of net assets between fimds
Fund balances at 31 December 2024 are represented by:
Unrestricted
funds
Endowment Total
funds
Investments
Net current liabilities
4,203,I19 4,203,119
205
Fund balances at 31 Dccember 2023 are represented by.
Unrestricted
funds
Endowment
funds
Total
Investments
Net Cu￿nt assets
3,461,761 3,461,761
19 Cash generydted from operations
2024
2023
(Deficitysurplus for the year
707,449 (143,164)
Adjustsnents for.
Investment income rccognised in profit and loss
Fair value gains and losses on investments
(80,480) (80,414)
(152,959)
41,438
Movements in working capital
Increase in debtors
Increase in creditors
17,495
(17,495)
199
5 ￿35)
21

THE WIENER LIBRARY ENDOWMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Comparatives for Statement of Financial Activities
Unrestricted
General
Funds
Total
Funds
2023
Endoivnient
Funds
Nots
Income from:
Donations and legacies
Jnvestments
57,570
57.570
Total income
137984
137.984
Expenditure on:
Raising funds
Charitable activÈti&s
17,140
?22 570
17,140
22? 570
Total resources expended
239 710
239 710
Net (losses)/gains on investments
Net IDcomlDg/(outgoing) resources
before transfers
(101.726)
(41,438)
(143,164)
Gross transfers between fi]nds
15
101726
101726
Net movement in funds
(143,164)
(143,164)
Fund balances at:
l January 2023
3 638 629
3 638 629
31 December 2023
22