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REGISTERED COMPANY NUMBER: 05789457 (England and Wales)

REGISTERED CHARITY NUMBER: 1162001

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

THE ELMET TRUST LTD

THE ELMET TRUST LTD

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

| Page |

Report of the Trustees | 1 |  | to |  | 4

Statement of Financial Activities | 5 |

Balance Sheet | 6 |

Notes to the Financial Statements | 7 |  | to |  | 10

THE ELMET TRUST LTD (REGISTERED NUMBER: 05789457)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the education of the public in the life and works of the former poet Laureate, Ted Hughes, in particular but not exclusively by:

- Means of events, exhibitions, festivals and other artistic media.

- The purchase, development and management of suitable premises to accommodate the "Ted Hughes Centre" as a developing resource and archive of the poet's life and work.

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

THE ELMET TRUST LTD (REGISTERED NUMBER: 05789457)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2025

OBJECTIVES AND ACTIVITIES

Significant activities

As a very small charity our objectives are necessarily limited by what we are able to resource.

Our priorities have been to:

- Secure the future of 1, Aspinall Street, Mytholmroyd, the former home of Ted Hughes.

- Run a small programme of Ted Hughes related events.

In pursuit of these objectives we:

- continued to operate 1, Aspinall Street as short-term self-catering holiday accommodation.

- opened 1, Aspinall Street to the public as part of the 2024 Heritage Open Days.

- supported the Sylvia Plath festival in the Calder Valley, which took place in October 2024, including a close reading exploring one of Plath's poems in 1, Aspinall Street, her husband's childhood home.

- in January 2025, the Trustees reviewed the Elmet Trust's aims and objectives.

We adopted a framework to guide future activities which focuses on Hughes's Life: fostering public connection to Hughes's biography, using 1 Aspinall Street, involving the Upper Calderdale community and a wider public in exploring Hughes's childhood home, his hometown of Mytholmroyd and local landscapes.

Work: animating Hughes's oeuvre, via readings, talks and exhibitions.

Legacy: nurturing the voices of contemporary poets and causes in keeping with Hughes's values.

- In April, we undertook maintenance activities on 1 Aspinall St, including repairs to a drain, replacing the washing machine and a radiator.

- In May, we hosted Emily van Duyne for a guided visit of 1 Aspinall Street. Emily recently published Loving Sylvia Plath: A Reclamation.

- In July, we were pleased to learn that our 2024 poet-in-residence, Jodie Hollander, published a poem in 'The Atlantic', which revisits Ted Hughes's 'The Horses'.

- In August, we hosted three events to mark Ted Hughes's birthday.

1. A well-attended event, to hear Tom Branfoot, Becca Drake, and Anthony Rowland reading. They joined Elmet Trust volunteer David Mullin at the Dusty Miller in Mytholmroyd to share work, including poems responding to landscapes that echo the Calder Valley and Hughes's framing of it as Elmet.

2. A poetry walk and yoga event, co-led by Ruth Crossley and Emma Conally-Barklem which offered an opportunity to pioneer a new approach to reading and reflecting on Hughes's work and legacy. It involved site-specific poetry readings of Hughes's poetry offered by Emma and curated by Ruth, followed by a reading and guided yoga session led by Emma in which she shared poems, including those from her recent collection 'Hymns from the Sisters'.

3. A children's poetry walk and poetry-animals crafting event led by Rachel Hosein Nisbet and supported by the storytelling association Le Puits the Story Well. Beginning at 1 Aspinall Street, creating a menagerie by the fireplace, as Ted Hughes did as a child. Then, venturing onto the canal path, walking to Hebden Bridge whilst reading ecologically relevant animal poems, selected from 'The Iron Wolf' en route. With these poems in mind, workshop participants selected an animal they would like to shape in fabric and words.

- Through the year, we continued engagement with the Ted Hughes Society, the Alliance of Literary Societies and the LitHouses Group.

THE ELMET TRUST LTD (REGISTERED NUMBER: 05789457)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2025

OBJECTIVES AND ACTIVITIES

Public benefit

All our charitable activities focus on the promotion of the life and works of Ted Hughes and are undertaken to further our charitable purposes for the public benefit.

The public are defined as the public in general, and while our current range of events is largely confined to people resident in the Calder Valley, the Trustees are committed to expanding the Trust's activities out into the country as a whole.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Our principal activities are the management of 1 Aspinall Street, Mytholmroyd, birthplace of Ted Hughes. The establishment of a Ted Hughes Centre in Mytholmroyd is a long-term aim.

FINANCIAL REVIEW

Principal funding sources

The principal funding source for the charity is the rental income for letting out 1 Aspinall Street as a holiday let and writer's retreat.

Reserves policy

The Trustees have looked at the charity's requirements for reserves in the light of the main risks to the organisation. The Trust has agreed a policy whereby the reserves should be between 2 and 3 years income, or £21,000. The reserves are needed to meet the working capital requirements to maintain 1 Aspinall Street and also to provide the charity with matched funding to support grant applications. The Trust has a level of reserves which is relatively close to meeting the requirements of the Trust's reserves policy.

FUTURE PLANS

The Trust plans continuing the activities outlined above, subject to funding being available.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Under the Memorandum and Articles of Association the members of the Board are elected to serve for a period of one year after which they must be re-elected to serve at the next Annual General Meeting.

The Trustees seek to ensure that the charity's needs are appropriately met through the skill-set of the Board. The Trustees include people with an in-depth knowledge both of Ted Hughes's work and of the time Hughes spent in the Calder Valley. Corporate governance and educational skills are also represented.

Trustees are familiar with the work of the Trust through having been long-term supporters of the Trust. All Trustees give their time voluntarily and receive no benefits from the charity.

Organisational structure

The Elmet Trust has a board of trustees which currently comprises six members, who meet regularly and who are responsible for the strategic direction and policy of the charity.

The Elmet Trust has contracted the renting out of 1 Aspinall Street to a holiday lettings agency. The Trust also contracts out the cleaning and maintenance of 1 Aspinall Street, and uses a broker to supply insurance services, but otherwise, all activities are resourced by volunteers.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05789457 (England and Wales)

Registered Charity number

1162001

THE ELMET TRUST LTD (REGISTERED NUMBER: 05789457)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2025

Registered office

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

Trustees

Mr N J Wilding Film Director

Dr H R Crossley Teacher

Dr D Rudrum Lecturer

Mr S Gould Funding Manager

Ms A Winter Business Service Co-ordinator.

Dr R H H Nisbet Senior Lecturer/Visiting Post Doc (appointed 3.12.24)

Company Secretary

Approved by order of the board of trustees on 13th May 2026 and signed on its behalf by:

Mr S Gould - Trustee

THE ELMET TRUST LTD

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST AUGUST 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Charitable activities

Birthplace income | 8,305 |  | 5,910 |

Sundry income & subscriptions | 328 |  | 420 |

Investment income | 2 | 221 |  | 222 |

Total | 8,854 |  | 6,552 |

EXPENDITURE ON

Raising funds | 3 | 1,657 |  | 1,029 |

Charitable activities

Birthplace costs | 6,328 |  | 3,917 |

Sundry costs | 1,475 |  | 1,275 |

Total | 9,460 |  | 6,221 |

NET INCOME/(EXPENDITURE) | (606 | ) | 331 |

RECONCILIATION OF FUNDS

Total funds brought forward | 17,377 |  | 17,046 |

TOTAL FUNDS CARRIED FORWARD | 16,771 |  | 17,377 |

THE ELMET TRUST LTD (REGISTERED NUMBER: 05789457)

BALANCE SHEET

31ST AUGUST 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| funds |  | funds

| Notes | £ | £ |

CURRENT ASSETS |

Debtors | 6 | 475 |  | 463 |

Cash at bank and in hand | 16,925 |  | 17,513 |

17,400 |  | 17,976 |

CREDITORS |

Amounts falling due within one year | 7 | (629 | ) | (599 | )

NET CURRENT ASSETS | 16,771 |  | 17,377 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,771 |  | 17,377 |

NET ASSETS | 16,771 |  | 17,377 |

FUNDS | 8

Unrestricted funds | 16,771 |  | 17,377 |

TOTAL FUNDS | 16,771 |  | 17,377 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13th May 2026 and were signed on its behalf by:

Mr S Gould - Trustee

THE ELMET TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Income

| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| Expenditure

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 221 |  | 222 |  |

3. | RAISING FUNDS

| Investment management costs

| 2025 |  | 2024

£ | £ |

| Property repairs | 1,657 |  | 1,029 |  |

THE ELMET TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

4. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31st August 2025 nor for the year ended 31st August 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31st August 2025 nor for the year ended 31st August 2024.

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted

| funds

£ |

| INCOME AND ENDOWMENTS FROM

| Charitable activities

| Birthplace income | 5,910 |

| Sundry income & subscriptions | 420 |

| Investment income | 222 |

| Total | 6,552 |

| EXPENDITURE ON

| Raising funds | 1,029 |

| Charitable activities

| Birthplace costs | 3,917 |

| Sundry costs | 1,275 |

| Total | 6,221 |

| NET INCOME | 331 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 17,046 |

| TOTAL FUNDS CARRIED FORWARD | 17,377 |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Prepayments and accrued income | 475 |  | 463 |  |

THE ELMET TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Accrued expenses | 629 |  | 599 |  |

8. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.9.24 |  | in funds |  | 31.8.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 17,377 |  | (606 | ) | 16,771 |  |

| TOTAL FUNDS | 17,377 |  | (606 | ) | 16,771 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 8,854 |  | (9,460 | ) | (606 | ) |

| TOTAL FUNDS | 8,854 |  | (9,460 | ) | (606 | ) |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.9.23 |  | in funds |  | 31.8.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 17,046 |  | 331 |  | 17,377 |  |

| TOTAL FUNDS | 17,046 |  | 331 |  | 17,377 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 6,552 |  | (6,221 | ) | 331 |  |

| TOTAL FUNDS | 6,552 |  | (6,221 | ) | 331 |  |

THE ELMET TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

8. | MOVEMENT IN FUNDS - continued

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.9.23 |  | in funds |  | 31.8.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 17,046 |  | (275 | ) | 16,771 |  |

| TOTAL FUNDS | 17,046 |  | (275 | ) | 16,771 |  |

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 15,406 |  | (15,681 | ) | (275 | ) |

| TOTAL FUNDS | 15,406 |  | (15,681 | ) | (275 | ) |

9. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31st August 2025.