REGISTERED COMPANY NUMBER: 03380637 IEn8land and Wales)
REGISTEREO CHARITY NUMBER: 1063124
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
8IRMINGHAM CONSERVATION TRUST
J W Hlnks LLP
chartered Accountants
19 Highfield Road
Edgbaston
Birmlngham
West Midland5
B15 3BH

BIRMINGHAfvI CONSERVATION TRUST
CONTE￿5 OF THE FIPIANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Report ofthe Trustee5
Independ•rt Exirnln•rfs Report
Statsment of Flnanelal AetlvStSes
io
Balan¢e Sheet
11 to 12
Notes to the Flnanclal Statem•nts
13 to 25

81RMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 03380637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the
financlal statements of the tharity for the year ended 31 March 2025. The trustees have adopted the provlslons of Accountlng and
Reporting by CharitSes.' Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Blrmingham ConseNation Trust's prlmary mlssion is "returning hlstorlc bulldlngs to a place In people's Ilves.
The charity'5 maln purposes consist of the following.
To preserve for the citizens of Birmingham and in the County of the West Mldlands and of the natlon
at large, whatever the historlcal, architectural and constructlonal heritage May exist in and around the
City of Birmin8ham aforesaid In the form of building5 lincluding any buildlng as deflned in Sectlon 336111
of the Town and County Plannlng Act 19901 of partlcular beauty or hlstorlcal. architertural or
con5trurtional interest.
To promote the educatlon of the general publlc as regards the o¢cupatlon and use of such buildings
throughout their h15tory,
The Coffin Works Is run and owned by Birmingham Con5ervatlon Trust. The Coffin Works Museum is a 'Heritage at Risk, success
storyi preservlng the unlque contents of the foymer Newman Brothers, Coffln Fittings manufactory in Birmingham. It's Grade-11
listed and Is the only surviving example of a purpose-built Victorian coffin furniture manufactory In the UK.
The museum opened in 2014. has welcomed over 80,000 visitor5 and won 14 signiflcant awards. Thls Include5 The Queen's Award
for Voluntary Service and most recently'small Visitor Attrartlon of the Year, In the 2022 West Midlands Tourism Awards. The Coffln
Works Is a unlque combination of museum. creatlve business tenants and events spaces whlch is a rare hybrid model for
Independent museums. We do this through gulded tours, 5elf-8uided visits, bespoke events, creatlve bu51ness spaces and
partnerlng with local artists, heritage organisations and local unlverslties to create a diverse cultural offering.
What we do
Our core m15slon 15 to promote the enjoyment of Blrmingham's, and the UK'S cultural herltage through access to our bulldlng and
Its unlque contents. We do th[5 through guided tours, self-gulded vlslts, bespoke events, partnerlng with local artists, heritage
organlsations and local unlversltles to create a diverse cultural offerlng.
In 2016 the charlty adopted a 10 year buslness strategy wlth the followlng three key goals.
Lead the fleld as an architectural preservatlon trust.
Increase our impart.
Achleve flnanclal sustalnabllity,
To achieve these goals the charlty set the followlng slx alms.
Alml
To contrlbute to and champion Innovation and best practlce In the fleld of archltectural preseNatlon
inthe UK.
Airn2
To develop a strong and effective team to govern, manage and operate the charity.
Aim3
To review operatlonal effectiveness, implement the financial systems that give us the information
we need when we need it and to have completed a performance cycle and review.
Aim4
To implement an Income generation strategy.
Aim5
To make a difference to threatened heritage in the cltv.
Aim6
To identify audience5 and understand how best to engage with them.
Page I

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 03380637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Ensurin
our work delivers our aims
We continue to review our alms, objectives and activlties each year, looklng at what we achieved and the outcomes of our work In
the previous 12 months. We revlew the success o* each key activity and the benefits they have brought to those groups of people
we are set up to help. This helps us ensure that our alm5, objectives and activities reMa￿ned focused on our stated purposes. We
are currently updating our business strategy to reflect the progress rnade since 2016 and the current aims of the Trust.
We have referred to the guldance contained in the Charlty Commission's general guldance on public benefit when reviewing our
aim5 and objertive5 and in plannlng our future actlvltie5. In partlcular, the trustees consider how planned actlvltles wlll contribute
to the alms and objective5 they have set.
The focu5 of our work
The charity continues to operate a5 a buildlng preseNation trust.
Significant actlvltles
Our maln activitles and who we try to help are described below.
All of our charitsble actlvitles focus on our abllity to be a catalyst and Instlgator for the conservation of at risk buildlngs In
Birmingham, to preserve buildings of hlstorical and architectural interest for the citizens of Birmingham and the West Mldlands and
to educate the generol publlc as regards the occupatlon and use of such buildlngs throughout their history.
The charSty contlnues to operate as a building preseNatlon trust and Is a member of the followlng groups.
The Herltage Trust Network (formerly known as the UK Assoclatlon of Preservation Tru5tsl.
The Herltage Alllance.
8irrnln8ham Heritage Forum.
As owner5 and operators of an Independent museum INewman Brothers at the Coffin Works) the charlty Is an Instltutional mernber
of the Association of Independent Museum5 IAIMI and the Museums A550Clatlon.
The Coffin Works Museum
It is the Trust's mission to protect the heritage asset5 Itls responslble for In thls case, the Coffln Works Museum. It continues to do
this successfully by employing a small, skilled team, led by our dedicated and highly respected Museum Olrector, Sarah Hayes, to
care physically for the bullding, thereby maklng it safe and accesslble for vlsltors. The Coffin Work5, team ensure5 all bulldlng checks
are in place and that Its Accredlted collection is cared for In accordance wlth benchmark industry standards.
The award-winning Coffln Works turned 10 years old on 28th October. Having achleved so much In that tlme and bullt something
speclal, includlng the wonderful team of volunteers, this was marked by launching our 'lO for IO, campalgn. To support thls
longer-term reslllence of the organi50tlon, and wider sector skllls and career development, the Trust wa5 a grateful recipient of a
student Opportunitie5 grant frorn Art Fund, whlch fully covered the salary for 2 full-tlme unlversity students to undertake Heritage
Engagement Internships over the course of 2025. Young people are the fvture of heritage, so the alm was to deliver practical
experlence to equip them with competltlve knowledge and skills for their CV in the key fundamentals of any herltage role.
Meanwhlle, embracing their expert15e and creatlvlty to broaden the museum's audiences and leave a legacy of inclusive
engagement.
The Museum continues to play its role in supportlng the wider sector, including facllitatlng attendee vislts as part of Tourism
Management Instltute Annual Convention, supported by West Midlands Growth Company. The West Midlands has reinvented itself
from an industrial heartland to a leading business, cultural and major events destlnation that creates unforgettable experiences.
Year after year, 8irmingham is voted the m05t popular events destination outside London and offers a winning combination of
excellent infrastructure, seamles5 connectlvity and a growing range of world-class venue5. Recognislng its role as a key Independent
tourism destination wlthin the ctsre of Birmlngham, the Coffin Works contlnues to work with partners and stakeholders to
¢hampion the role of heritage.
Thls wlll continue, a5 following thi5 report perlod Birmingharn's global influence in jewellery making was recognlsed by being
granted World Craft City Status. Following the hosting of representatlves at the Museum, World Craft5 Council President, Saad
Al-Qaddumi, said the tltle celebrated the city's 'rich heritage, skilled artisans, c￿ative designers, proud rnakers, and innovative
contributlons to the jewellery industry.
Page 2

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 033806371
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Golden Lion Cannon Hlll Park
The financial year saw a major step forward for the Trust in delivering on its function as an active Building Preservation Trust. stsff,
notably the Museum & Trust Director, helped secure significant grant finance and managed the subsequent project delivering in
scoping the viability of addressing a critical At Risk buildlng of the city.
Key outcomes Included a tlear repair strategy to arrest further decline and an informed framework for engaging with potential
hjnders and stskeholders. The study explored a range of potential end uses and assessed their tompatibility with the building's
historic significance and constraints.
As stated by the Museum and Tnjst Director- "We are thrilled to breathe new lifè into the Golden Lion. It's a rare and remarkable
suNival of a timber-framed building In Blrmlngham, one that has stood the test of tlme and suThived beyond all odds. Now It Is our
turn to help thls much-loved buildin& which is in desperate need of repair. In many ways It fee15 like the last chance for us to art
before Its condition becomes beyond repalr. It Is a real honour for Birmlngham ConseNatlon Trust to take on the Golden Llon and
we see thls as our next fla£shlp project."
The Board antlclpates that the project will proceed, following the delivery of necessary capital repalrs, to further scoplng of vlability
and options of use - bubldlng on the output5 Of the feasibility project. Positive relations continue with the owner, Birmingham Clty
Councll, and the enthuslasm of the wider community of both park user5 and wider Clty residents, rnaintain the momentum to
realise a sustainable restoratSon and re-use of the Grade 11 asset, derellct for decades.
ACHIEVEMENT AND PERFORMANCE
Charltable actlvltles
Howo
rac
ivitles deliver
ublic benefl
In setting our objectives and plannlng our actlvlties the trustees hove glven careful conslderatlon to the Charlty Commi551on's
general guidance on publlc beneflt, including the Euldance on public benefit and fee charging.
All of our charltable activities focus on our ability to be a catalyst and Instl8ator for the conservatlon of at r15k bulldlngs In
8irmingham, to preseNe bulldlngs of hlstorical and architectural interest for the citlzens of Birrningham and the West Midlands and
to educate the general public as regards the occupation and use of such bulldlngs throughout thelr hlstory.
offin Works
The staff team's contlnued hlgh performance was recognised through the latest Visitor Attraction Quallty Assurance Scheme
IVAOASI assessment, wlth score Increasing to 89%. Slnce our flrst assessment in 2015, that's an increase for every assessment
cycle. Obvious improvement areas are our café by expandlng the offer, whlch contlnue5 to drlve post-pandemic recovery.
That commerclal performance of the Museum has contlnued wlth strong stablllty, whllst managlng challenglng national trends In
visitor numbers to museums, supported by increased revenue vla dlversifled Income streams beyond ticket sales, Including the
enhanted shop and food and beverage Icafél offer. Taklng Into account wlder grant flnance, Income Increased slgnSfScantly agalnst
the previous financial year.
Looking outward, and buSldlng on the success of the Arts Council England-funded Museum Estate and Development Fund IMENDI
prole¢t, the Aston University Decarbonisation Net Zero Programme will carry out an on-slte energy asse55ment, whlch will provide
the baseline data Set identifying energy use and provide recommendations and an action plan to improve the historic site's energy
efflciency further In the future. This has been furthered 5UPPQrted by the Introdurtlon of a new envlronmental system for our
collection, developed by slte tenant Mldport Scandinavla. Wlder engagement contlnues, lolning the Green Tourlsm and West
Midlands Growth Company project offering tourism and hospitality businesses across the region an exclusive opportunity to
achleve certlfication to improve sustainability and align with environmental best practice.
The Golden Lion
Birmingham Conservation Trust IBCTI wa5 approached by Birmingham Clty Council and Hlstorlc England in September 2023 to
progress a prolect to conserve and bring back into use the Grade-11 listed Golden Lion Inn in Cannon Hill Park. In May 2024 we
appointed as lead consultant and conseThatlon architects, Ollver Archltecture, to lead on the feaslbillty study for the slte includlng
the following.
Providing a speclallst assessment of the bulldlng's conditlon,
Outlining the extent and costs of ￿paIr and upgrade works necessary to secure a future use.
Page 3

BIRMINGHAM CONSERVATION TRUST {REGISTERED NUMBER: 03380637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Identifying the urgent/essential repairs required to mitigate further short-term decline.
Assisting in identlfying viable future uses and understanding the works and costs requlred.
Historic England, the William A Cadbury Charitable Trust and the Architectural Heritage Fund have offered grant funding sufficient
to deliver the feasibility study and a small programme of emergency repair works to ameliorate the immediate threats to the
bullding's securlty and structural integrity.
Delivery of the feasibility rtudy will culminate in identifylng three viable optlons for the future of the bullding with one preferred
option taken forward to a grant funding stage. The piece of work is expected to be completed in January 2025. At this Stage, the
Board of Trustees will consider the p05rtion of the Trust. taklng forward on the basis of adequate risk mitlgatlon, prudent financial
consideration and capacity management.
Founded in 1977, Birmingham Conservation Trust ha5 evolved and adapted to changing landscapes as part of the wider Buildlng
Preservatlon Trust movement and continues to do so. Having established and sustained the Coffin Works site the staff and board
position is now such that the relevant governance and commercial sklllsets wlll enable the Increased dellvery of regeneratlon
projects once more.
re.
er
ence of he 8ulldln
Preservatlon Trust
Whilst the Coffln Works contlnues to go from strength to Strength, testament to the tireless work of staff and volunteers. 5UPPOrt
from the wider community cannot be underplayed in recoBnlslng thls resillence and sustalnabllity, This community support has
been further evldence by en838ement wlth the Golden Lion feasibllity consultation and funding efforts.
The charlty's staff team and their efforts 15 at the heart of this success cannot be taken for granted. A5 well as pushing forward, they
have also honed the day-to-day runnlng of the museum and made a concerted effort to grow meeting room bookSn85, hospitalbty
revenue and expand on group visits. The Board extent5 Its thank5 to the project team including Chris Rice and Irene de Boo, whose
passion and commitment to thls project has pushed It forward.
The bedrock of the Trust'5 performance, the Coffin Works contlnues to be led by a passionate Museum & Trust Dlrector and three
Volunteer & Operations Co-ordinators. They are supported by a dedicated team of 80 volunteers consistlng of students, graduates,
retlrees, unemployed and those In part and full-time employment. We pride ourselves on creating volunteerlng pathways for all
and, in particular, our partnershlp5 wlth schools and unSversltles means that we have a young and diverse group of volunteers. In
fact, our programme has been recoenised natlonally for both its diversity and retentlon. In return we deliver one of the best vlsitor
experSences In the West Midlands.
Equally, our tenanted spaces are full and rental income is at it5 highest. In July 2024 we said goodbye to our longest standing
tenant, Levells, but we welcomed new tenants, Mldport Scandinavia, a technical software company who are working closely wlth
us to use thelr expertlse In Improvlng our envlronmentsl monltorlng for the museum.
Marketln
and Ex
osure
The Coffin Works is at the helm of promotlng and championing Birmingham's heritsge, a5 an attractlon that has conslstently
remained in the 'Top 5 Things to do In Blrmlngham, for the last 10 years. The Museum is also Ideally sltuated near the heart of
Birmingham city centre and has a key opportunity to capltalise on the footfall from the Paradise redevelopment and adjacent
development5, on the doorstep of the Museum. Featvres on televlslon have continued, including 8BC West Midlands coverage for
Tourism Week, and a5 footage for BBC Masterchef. The Golden Lion has a150 achieved Significant TV, news and wider media
coverage as a result of the ongoing project to rescue the slte and dellver a viable re-use.
us
Grant Fundin
and Im
roved Environmental Conditions
As is consistently the case, the Trust has secured significant grant fundlng from external sources to improve both resilience and
address going concerns. Notably, the securing of Garfield Weston Foundation multi-year grant fundlng for maintenance costs was
successful. providing a greater degree of resllience to the ongolng repair needs in management of the Grade Il* asset.
Growin
Volunteer Team
The volunteer team now numbers 80 people wlth that team contributing an equivalent resource of three full-time members of
staff. As part of a growing team we recognise the importance of keeping everyone healthy which is why the staff team are now all
trained as 'Mental Aid First Aiders,. This training was thanks to the grant funding of our wellbeing project funded by Midlands
Museum Development and ha5 allowed for a programme of activities focussing on improving and managing mental health. Thi5 ha5
now paved the way for prloritlslng ongolng activities all year round as part of our workplace culture.
Page 4

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 033806371
REPORT OF THE TPUSTEE5
FOR THE YEAR ENDED 31 MARCH 2025
As an organisation that relies on volunteers to open its door, we understand that they are the lifeblood of our museum. Thls is why
we pride ourselves on the level of support, care and mentoring we provide. We believe that a happy and healthy environment
breeds passlon and goodwlll and the latter Is the bedrock of our organi5ation.
In recognition of the importance of volunteers to the running of our Mijseum we are increasing our organisatlonal resllience
through hosting three Volunteer Recruitrnent Day5 annually. The majority of our volunteers 'find us, whichls a fortunate position to
be in and our online soclal medla presence cannot be underestimated In promoting that, but now we are actively recruitlng
volunteers through 'call outs,.
staff Team
The Birmingham ConseNatlon Trust team has excelled In thelr dutles over the course of the period wlth staff member5 taking on
professional development and applying new skills across a broad range of funded and core prograrnmes.
The staff team has continued to deliver the commercial and social outputs of the Trust wlth slgnlflcant success, with the team
Increaslng Its skllls across areas includlng fundralslng and project dellvery. Delivering a broad range of events and communlty
programming, the commercial tenant and h05Pltality operations of the Coffln Works slte, along51de the ongoing management and
maintenance of the accredited museum and collections, has achieved a successful year both operatlonally and financiallv.
In partlcular, the Board applauds the ongoing commitment and impact of Sarah Hayes who, havlng adopted the enhanced posltion
as Trust and Museum Director durlng the previous financial year, who has driven the Trust forward In Its role as the clty's active
Bullding PreseNation Trust. Establlshlng necessary succession planning as part of wlder buslness functions, the enhanced activlty of
the Trust has balanced core operation and revenue needs of the prlmary Coffln Works slte alongslde Impact for heritage and
communitles in the development of the Golden Lion project,
The Board of Trustees
The Board welcomed multSple new trustees wlthln the year, notably providing the skills and experience to 5UPPOrt Trust staff Sn the
progress future ambitions, both for the Coffin Works, ongoing growth and the emerglng Golden Llon project. With experience now
representatlve across publlc, prlvate and charltv sector organI5atlons, with a broader range of professlonal quallflcatlons and
experlence, the Board Is confldent In Its role to steward the Charlty Into the future.
Subsequently, the transition In membershlp of the Board, wlth a range of new trustees joining the Trust, is provldlng for the broad
range of experience and skillsets necessary for prudent management and ongolng sustalnablllty.
FINANCIAL REVIEW
Financial positlon
The Ststement of Flnanclal A¢tlvltles for the year ended 31 March 2025 shows Incoming resources for the year totalllng £336,906
12024.. £184,361) and resources expended totalllng £255,02512024: £193,782),
Net incoming resour¢e5 for the year ended 31 March 2025 amounted to £81,88112024.' net outgolng ￿ScUrceS £9,421).
As a result, the charlty's total funds have increased from £1,525,571 as at 31 March 2024 to £1,607,452 a5 at 31 MaTch 2025 of
which £94,75512024.' £66,293) was unrestrlcted. Restrlcted funds totalling £1,512,697 as at 31 March 202512024: £1.459,2781
continues to be compr15ed mainly of restricted fixed a55ets and heritage a55ets.
ReseThes pollcy
It Is the pollcy of the trustees to maintaln a level of reserves sufficlent to ensure the continued operation of the charlty's actlvitles.
Page 5

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 033806371
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
FUTURE PLANS
Wlth Birmingham ConseThation Trust's pandemlc recovery and push to lead building preservation projects in the city once agaln,
our aspirations for the future are clear to see. Emergence from the Covid-19 pandemic and its impact on the wlder sector cannot be
underestimate, and the efforts of all parties. including the support of external stakeholders, has enabled the necessary resilience to
take Birmingham Conservation Trust foThvard.
The Board also recognises the importance of enabling restructuring where needed to Increase the capacity of the current staff
team. Working with an external HR consultant who is revlewlng structuring and undertaking a benchmarking exercise means that
we are prlorltlslng staff growth and ensuring we have the right resource at the helm to push our organisation fon¥ards whilst
supportlng the growth of staff s roles and responsibilities.
The Trust, havlng cemented Its sustslnablllty operatlng the Coffln Works site. and with the recrultment of new Board members, Is
now placed to progress as a Building Preservation Trust, actively identifylng and dellvering projects as a strateglc partner of cholce
for the wider public sector. Bullding new skillsets and experience within the current team. the Golden Llon project will provide the
flrst test case and enable the Trust to diversify and expand its portfolio of schemes to create an Increasingly reslllent business
model of multlple income streams.
External Investment is a key driver of this and we were re¢ently awarded a student tralneeshlp grant of £9,200 by Art Fund to
support two new Heritage Engagement Interns between January 2025 and December 2025. Thls wlll support museum actlvltles of
10 hours per week, spllt across two shlfts between Wednesday to Sundav.
Gold Lio
The successful feasibility project formed the basis of the next phase of the project emergency repair5. Followlng a successful
funding bid, wlth the Trust subsequently awarded £344,265 grant via the Historic England - Heritage at Risk Capltal Fund, in
partnership with Birmingham City Councll. With fvndlng now In place, the focu5 wlll move from plannlng to delivery, and vital repalr
work can now begin for the next financial year. The Golden Lion's condition and vulnerable setting present obvlous challenges, but
also excitlng Potential about Its future. Thls next phase wlll focus on stabilising the structure, repairing historic fabrlc, and
safeguarding the buildlng's future, with the ultimate goal of bringing the Golden Llon back Into meaningful publlc use.
hail
We continue to revlew our alms, objectives and activlties each year, looklng at what we achieved and the outcomes of our work In
the previou5 12 months.
For Trust development durlng the year ended 31 March 2026 we Intend to Implement the followlng.
Q)ntinue to develop the Coffin Works site as it enters its second decade of operatlon.
Bulld a full and proper understandlng of the scope of the Golden Llon prolect and identlfy the
suitable solutions to take the scheme forward, pendlng evldenced viability.
Establlsh a forward plan and assoclated buslness plan to capltallse upon the new momentum
for the Trust in its role as an active Buildlng Preservation Trust.
STRucfuRE, GOVERNANCE ANO MANAGEMENT
Governlng document
Birmingharn Conservatlon Trust Is a company limited by guarantee Ire8iStered number 033806371 whlch was incorporated on 29
May 1997 and achieved charltable status on 27 June 1997 (registered number 10631241.
The charity wa5 established under a Memorandum of Association which established the objects and powers of the charity and Is
governed under its Articles of A550ciation. In the event of the charity belnE wound up members are required to contribute an
amount not exceedlng £10.
Recruitment and appointment of new trustees
As set out in the charity's Articles of Associatlon new trustees are appointed by the Board of Trustee5 after applying to the charity in
the form required by the trustees and after being approved by the Board of Tru5tee5.
All trustees glve their time voluntarlly and recelve no beneflts from the charity. Any expenses reclaimed frorn the are charlty set
out in the notes to the financial statements.
Page 6

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 03380637)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The management and control of Birmingham ConseNation Trust Is vested In its governlng body, a Board of Trustee Directors of up
to 13 members.
The Board has formal sub-committees.. Coffln Works Management, Plannln8 and Development, Finance and Financial Stablllty and
Health and Safety. Workin8 8roup5 are formed as and when required to undertake specific tasks.
Birmlngham Conservatlon Trust staff lor the year ended 31 March 2025
Coffin Work5 and Museum Director
- Sarah Hayes
Volunteer and Operations Co-ordinator manoger
Claire McGibbon
Volunteer and Operatlons Co-ordlnator
Emma Barran-scott
Volunteer and Operations Co-ordinator
Megan Ward
Volunteers
Volunteers form the backbone of the charity's visitor experlence at the Coffln Works, chiefly providing valuable front-of-house
5ervi¢es, tour guidin& room enablln& collections care and research. All new volunteers recelve in person tralnlng and an Inductlon
pack.
Inductlon and tralnlng of new tTUStees
All new trustees recelve an inductlon pack contalnlng a copy of the charlty's Memorandum and Artl¢les of Assoclatlon, draft
buslness plan, annual report and financlal statements and supportlng documentatlon from the APT Guldance Notes for bulldlng
preseNation tnjsts.
Rlsk mana8em¢nt
The Trustees have a duty to identify and revlew the risks to which the charity is exposed and to ensu￿ appropriate controls are in
place to provide reasonable assurance against fraud and error.
The Trustees also examine the major strateglc, busSness and operational risks that are assoclated with undertaking each project.
Systems are in place to enable regular reports to be produced so that the necessary steps can be taken to manage these r15k5.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
03380637 (England and Wales)
Re8lstered Ch•flty number
1063124
Reglstered offlce
The Coffln Works
13 - 15 Fleet Street
Blrmingham
B3 IJP
Trustee5
A M French
J W Hanson
T R Hasker-sarchet
K Jarrett
D K Matharu
BJ Parker
OrJMWall
R A Wilson-styles
- re51gned 14 Au8U5t 2024
appolnted 30 August 2024
- appoSnted 24 September 2024
appolnted 14 August 2024
- appointed 14 August 2024
Page 7

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 033806371
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independènt Examiner
J W Hlnks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
BI538H
Bankers
Co-operative 8ank
18alloon Street
Manchester
M60 4EP
Thls report has been prepared In accordance wlth the 5peclal provlslons of Part IS of the Companles Act 2006 relatlng to small
companles.
Approved by order of the board of trustees on 10 December 2025 and slgned on Its behalf by..
B J Parker- Trustee
Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BIRMINGHAM CONSERVATION TRUST
Independent examiner's report to the trustees of Blrmln8ham Conservation Trust I'the Company'l
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responslbllltle5 and ba51s (rf report
As the charity's trustees of the Cornpany land also its dirertors for the purposes of company lawl you are re5ponslble for the
preparation of the accounts in accordance wlth the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfled myself that the accoLrnts of the Company are not requlred to be audited under Part 16 of the 2006 Art and are
eligible for independent examlnation, I report in respect of my e¥amination of your charity's accounts as carried out under Sectlon
145 of the Charltles Act 20111'the 2011 Act'l. In carrying out my examlnatlon I have followed the DSrectlons glven by the Charlty
Commlssion under Sectlon 145151 Ibl of the 2011 Act.
Independent examlner's statement
Slnce your charity's gro55 income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am
oualifled to undertake the examinatlon because l am a member of the Institute of Chartered Accountant5 In England and Wales,
whlch is one of the Ilsted bodies.
I have completed my examlnation. I conflrm that no matters have come to my attentlon In connection with the examlnatlon gfvlng
me cause to believe..
accounting record5 were not kept in respect of the Company as required by Sectlon 386 of the 2006 Act,. or
the accounts do not accord wlth those records. or
the accounts do nor comply with the accountlng requlrements of Sectlon 396 of the 2006 Act other than any requSrement
that the accounts glve a true and falr vlew which is not a matter consldered as part of an independent examlnatlon,. or
the accounts have not been prepared In accor(lance wlth the methods and principles of the Statement of Recommended
Practice for accountlng ond reporting by charities lappllcable to charitie5 preparlng thelr account5 In accordance with the
Financial Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 10211.
I have no concerns and have come across no other matters In connectlon with the exomlnatlon to which attention should be drawn
in this report In order to enable a proper understandSng of the accounts to be reached.
Peter Smith FCA
J W Hlnks LLP
Chartered Accountants
19 Highfleld Road
Edgbasto
Birmlngham
West Midlands
815 3BH
10 December 2025
Page 9

BIRMINGHAM CONSERVATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
10,113
2,106
12,219
8.322
Charitable actlvltles
Charitsble actlvitles
68,212
173,126
141,338
105,140
Other tradlng actlvltles
Investment income
17,227
66,122
17,227
66,122
9,449
61,450
Total
161,674
175,2a2
336,906
184,361
EXPENDITURE ON
Charltsble artlvltl•$
Charitable activlties
196,342
58,683
255,025
193,782
NET INCOMEIIEXPENDITUREI
Transfers between funds
134,6681
63,130
116,549
(63,1301
81,881
19.4211
21
Net movement In fund5
28A62
53,419
81,881
19,421)
RECONCILIATION OF FUNDS
Total funds brought forward
66,293
IN59,278
1,525.571
1.534,992
TOTAL FUN05 CARRIED FORWARD
94,755
1,512,697
1,607,452
1,525,571
The notes form part of these financial ststements
Page 10

BIRMINGHAM CONSERVATION TRUST {REGisfERED NUMBER: 03380637}
BALANCE SHEET
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestritted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Heritage a55et5
Investrnents
Investments
Investment property
14
15
16,302
732,481
750,454
748,783
750N54
700,583
750,454
16
17
15
15
15
16,317
IA82,936
IA99,253
1,451,053
CURRENT ASSETS
Debtors
Prepayments and accrued Income
Cash at bank
18
7,724
7,621
80,672
4,480
12,204
7,621
109,313
4,596
7,361
83.579
28,641
96,017
33,121
129,138
95,536
CREDITORS
Amounts falling due wlthln one year
19
{17,5791
(3,3601
120.939)
121,0181
NET CURRENT ASSETS
78,438
29,761
108,199
74,518
TOTAL ASSEfs LESS CURRENT LIABILITIE5
94,755
1,512,697
1,607,452
1.525,571
NET ASSETS
94,755
1.512,697
1,607,452
1,525,571
FUNDS
Unrestricted fund5
Restrlcted funds
21
94,755
1,512,697
66,293
1,459,278
TOTAL FUNDS
1,607.452
1,525,571
The charltable company Is entltled to exemption from audit under Section 477 of the Companie5 Act 2006 for the year ended
31 March 2025.
The members have not requlred the company to obtaln an audit of Its flnancial statements for the year ended 31 March 2025 in
accordance wlth Sectlon 476 of the Companles Act 2006.
The trustees acknowledge thelr responslbllltles for
lal
ensuring that the charitable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the Companles
Act 2006 and
preparing financlal statements which give a true and fair view of the state of affairs of the charitable company a5 at the end
of each flnancial year and of Its surplus or deficit fof each Pinancial year In accordance with the requirements of Sections
394 and 395 and which otherwise comply wlth the requlrements of the Companies Act 2006 relatlng to flnanclal
statements, so far as applicable to the charitable company.
Ibl
The notes form part of these flnanclal statements
Page 11
contlnued...

BIRMINGHAM CONSERVATION TRUST (REGISTERED NUMBER: 03380637)
BALANCE SHEET- continued
31 MARCH 2025
These financial ststements have been prepared in accordance with the provisions applicable to charitable companies 5ubjert to the
small companies regime.
The financial statements were approved by the Board of Trustees and authorised for Issue on 10 December 2025 and were signed
on its behalf bv:
B J Parker- Trustee
The notes form part of these financial Statements
Page 12

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
GENERAL INFORMATION
Blrmlngham Conservatlon Trust is a charity incorporated in England and Wales. The address of the charity's registered
office is The Coffin Works, 13- 15 Fleet Street, Birmingham B3 IJP.
BASIS OF PREPARATION
The financial statements of the charltyi which is a publit benefrt entity under FRS 102, have been prepared in accordance
with the Charities SORP IFRS 1021 "Accountlng and Reporting by Charities- Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financlal Reportlng Standard appllcable In the Unlted Kingdom
and Republlc of Ireland IFRS 1021 leffective l January 20191" Financial Reporting Standard 102 "The Financlal Reporting
Stsndard applicable in the UK and Republ1¢ of Ireland", the Companies Act 2CN)6 and the Charitie5 Att 2011,
The financial statement5 have been prepared uslng the hlstorlc cost conventlon and are presented In sterllng whlch Is the
functlonal currency of the Association, rounded to the nearest £1.
The significant accounting policies applled in the preparatlon of these flnanclal ststements are set out below. These pollcles
have been con515tently applbed to all years presented unless otherwlse stated.
FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS
The charlty has taken advantage of the following dlsclosure exemptlon in preparing these flnanclal statements as permltted
by FRS 102 'The Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland"
the requlrement of Section 7 Statement of Cash Flows.
COMPANY STATUS
The charity is a company Ilmited by guarantee. In the event of the charity being wound up the liablllty In respect of the
guarantee 15 Ilmlted to £10 per member of the charity.
GOING CONCERN
The flnanclal statement5 have been prepared on a golng concern basls as the trustees belleve that no materlal uncertainties
exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12
months from authorislng these flnancial statements. The expected level of Income and expendlture Is 5ufflclent wlth the
level of reserves for the Association to be able to continue as a going concern,
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 wlll be recelved and the amount can be measured rellably.
For donations to be retognised the charity will have been notlfied of the amounts and the settlement date. If there are
condltions attached to the donation and this requires a level of performance before entltlement can be obtained then
income Is deferred untll those condltions are fully met or the fulfllrnent of those condStions Is within the control of the
charity and it is probable that they wlll be fulfllled.
Income from trading actlvltles Includes income earned to raise funds for the charity. Income is received in exchange for
supplylng goods and services in order to raise fund5 and Is recogni5ed when entitlement ha5 occurred.
The charlty receives grants frorn other third parties in respect of Its actlvitles. Grants receivable from other thlrd parties are
recognlsed at fair value when the charity has entitlement after any performance condition5 have been met, it is probable
that the income wlll be recelved and the amount can be measured reliably. If entitlernent Is not met then these amounts
are deferred.
Investment Income Is earned through holding a55ets such as cash on dep051t and from rental income. It include5 interest
receivable. Interest income is recognised using the effettlve Snterest rate method and is recognlsed as the charlty's rlght to
receive payment 15 e5tabli5hed. Rental incorne is recognised when entitlement has occurred.
EXPENDITURE
Expenditure 15 recogni5ed once there is a legal or constructlve obllgatlon to transfer economic beneflt to a third party, it is
probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be
measured reliablv.
Page 13
contlnued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- continued
EXPENDITURE
Expenditure is classified by actlvlty. The costs of each attivity are made up of the totsl of direct cost5 and shared costs
including 5UPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated
dlrectly to that actlvlty. Shared costs which contribute to more than one activity and support costs which are not
attributable to a slngle actlvlty are apportloned between those activities on a basis consistent with the use of resources.
Central staff cost5 are allocated on the basls of tlme spent and depreclatlon charges allocated on the portlon of the asset's
use,
Support costs afe those costs Incurred dlrectly In support of expenditure on the objects of the charity and Include proJe¢t
management.
Governance costs are those costs incurred in meetlng the compliance requirements In connectlon with the operation of the
charlty as an entltv.
TANG18LE FIXED A55ET5
Tanglble fixed assets are carrled at cost, net of depreciatlon and any provlslon for Impalrment. Depreclation Is provlded at
rates calculated to write off the cost of flxed assets, less their estimated residual value, over their expected useful Ilve5 on
the following base5.
Freehold property
Office equlpment
Computer equipment
over 60 years.
over 15 years.
over 10 years.
Freehold ro ert
Freehold property held by the charity and not consldered to be a heritage asset is shown in the balance sheet at a
depreciated replacement cost being the current Cost of replacing an asset with its rnodern equivalent asset less deductions
for physlcal deterioration and relevant forms of obsolescence and optlmisation.
HERITAGE ASSETS
The trustees conslder both the museum element of the freehold buildings at Newman Brother5 Coff in Fitting Works, and
the collections contained wlthln, to be herltage assets. These heritage assets are held in support of the charlty's objective
of preserving and enhanclng Blrmlngham's threatened archltectural heritage and promotlng an enjoyment and
understandlng of the clty's historic building5.
The proportlon of the charlty's freehold bulldlngs that comprlse the Newman Brothers museum Is recognlsed at ¢ost. The
trustees deem this policy to be appropriate glven the historic nature of the buildings and the nature of the charity's
actlvitles whlch ensures that the buildings are malntalned In an excellent state of repalr to be enloyed by future
generations. The relevant proportlon of the freehold buildings has been determlned wlth reference to the footprlnt.
It Is the policy of the charity not to capltallse the herltage assets held In the collectlons of the charlty. These Items were
elther found within the Newman Brothers Coffin Fltting Works after It was purchased or ore small items that have been
donated by formEr ernployees or associates of the previou5 occupant. Whilst the contents of the factory are a
fvndamental part of the heritage of the factory and represent a fascinatlng picture of life In a Vlctorlan factory In
Birmingham, there 15 little or no commercial value to these Items and they are mostly Irreplaceable. As a result, the
trustees believe that any f inancial based valuation would be misleading of the value and significance of the items and,
furthermore, the cost of undertaking Such a valuation 15 deemed to outweigh the benefit as the charity would not look to
dispose of any Items.
No depreciation 15 charged on heritage assets as the a55ets are deemed to have indeterminate Ilves. The trustees will
consider at least annually whether there has been any impairment to the carrying value of any capitalised heritage assets.
INVESTMENTS
Fixed asset Investments are a form of firbancial instrument and are initially recognised at their transaction cost and
subsequently measured at fair value at the Balance sheet date unless fair value cannot be measured reliably In which case
it 15 measured at Cost le55 impairment. Investment gains and losses, whether reallsed or unreallsed. are combined and
shown in the heading galnslllossesl on investments" in the statement of Financial Activities.
Page 14
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOLIt4TING POLICIES- contlnued
HERITAGE ASSETS
CASH AND CASH EQUIVALENT5
Cash and cash equivalents include depo51ts held at call wlth banks and other third partle5
INVESTMENT PROPERTY
Investment property relate5 to a parcel of land and Is shown at a nomlnal value.
TAXATION
The charity is exempt from corporation tax on It5 choritoble activltle5.
FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the dlscretlon of the tTUStees In furtherance of the
general objectlves of the charity and whlch have not been designated for other purpose5
Deslgnated fund5 comprlse unrestricted funds that have been set a51de by the trustees for partlcular purposes.
Restrlcted funds are funds whlch are to be usèd in accordance with specific restrictlons imposed by donors or whith have
been raised by the charity for particular purposes. The costs of ralslng and admlnlsterlng such funds are ¢har8ed agalnst
the 5peciflc fund.
Further explanatlon of the nature and PLbrpose of each fund Is Included In the notes to the flnanclal statements.
FINANCIAL INSTRUMENT5
The charity only ha5 flnanclal a55ets and flnanclal Ilabllltles of a kind that qualify as ba51c financlal instruments.
Basic financial instruments are Inltlally recognlsed at transactlon value and subsequently measured at amortised cost.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charltable company operates a deflned contrlbutlon penslon scheme. Contrlbutions payable to the charltable
company'5 penslon scheme are charged to the Statement of Financial Activities In the period to whlch they relate.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charlty's accountlng pollcles, the trustees are requlred to make lud8ements, estlmates and
assumptions about the carrying amount of a55et5 and liabillties that are not readlly apparent from other other sources.
The estlmates and underlylng assumptions are reviewed on an ongoln8 basls. Revlsions to accountln8 esrlmates are
recognised In the perlod In whlch the estlmate is revlsed where the revlsion affects only that period or in the period of the
revision and future perlods where the revi51on affect5 both current and future periods,
Critical accountlng estlmates are considered to be the valuation of heritage assets and fixed asset Inve5tmentS.
DONATIONS AND LEGACIES
2025
2024
Donatlons
GiftAid
7,701
4,518
8,322
12,219
8,322
Page 15
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOftTHE YEAR ENDED 31 MARCH 2025
OTHER TRADING ACTMTIES
2025
2024
Income from tradlng
17227
9A49
INVESTMENT INCOME
2025
2024
Rentsl Income
66,122
61,450
INCOME FROM CHAR￿ABLE ACTIVITIES
2025
2024
Activlty
Charltable activities
Charitable activltlÈs
Museum income
Grants rece6vable
68,212
173,126
71,836
33,304
241,338
105,140
Grants recelved, Included in the above, are Is follows.
Unfes￿rted
lunds
Restrkted
funds
2025
2024
Arts Council England-
Museums and Estate
Development fund
92,264
92,264
Archltectural Heritage Fund
Golden Lion Project fund
8,500
8,500
Art Fund-
Coffln Works fund
9,152
9,152
Blrmingham Municipal Charlty-
Golden Llon Project fund
io,cD]
io,ofy)
Department of Work & Penslons-
Coffin Works fund
2,952
952
Garfield Weston Foundatlon -
Coffln Works fund
25,OCQ
25.000
Historic England-
Golden Llon Project fund
14,247
14,247
16,403
Ironbridge Gorge Museum-
West Midlands Museum
Coffin Works fund
5,151
s.lsi
Ironbridge GorEe Museum-
West Midlands Museum
Development Ilronbrid8el fund
4,901
Balance carried fO￿ard
167,626
167,626
21,304
Pa8e 16
continued...

81RMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM CHARITABLE ACTIVITIES- continued
Unrestricted
funds
Restrlcted
funds
2025
2024
Balance brought forward
167.626
167,626
21.304
Rou8hley Tru5t-
Golden Lion Project fund
3,000
3,000
The GrimmittTrust-
Golden Ilon Projett fund
2.500
2,500
Wllllam A Cadbury
Charltable Trust-
General fund
2,000
Wllliam A Cadbury
Charltable Trust-
Golden Llon Project fund
10,0
173,126
173,126
33,304
CHARITABLE AcfiviTIES COST5
Dlrect
Costs Iseo
note 81
Support
costs (see
note 91
Totals
Charltable actlvitles
160,489
94,536
255,025
DIRECT COSTS OF CHARITABiE ACTivrriES
2025
2024
Staff costs
Exhibitlon costs
Equipment and materials
Web and graphlc design
AdvertSsing
95,435
11,094
48,067
4.654
1,239
83,477
8,694
6,425
5,342
3,677
160,489
107,615
Page 17
continued...

IRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR TrIE YEAR ENDED 31 MARCH 202S
SUPPORT COSTS
Sundry
support
costs
Maintenan
Governance
COSt5
expenses
Totals
Charitable activltSe5
15.978
W18
94536
Support costs. Included in the above, are a5 follt)W5=
2025
Charltable
2024
Total
actlvltles
Repairs and renewals
Staff and volunteer training
Insurance
15,978
125
9,070
27,480
8.150
9,514
10,544
5,755
7.160
26,076
Offlce costs
Sundry
Professlonal fee5
Oepreciation of tanglble fixed assets
Examlner's fee5
7,217
4,216
16ml
17,175
2.040
94,536
86,167
io.
NET INCOMEIIEXPENDITUREI
Net income/lexpendlturel Is stated after char8inyJlcreditlngl:
2025
2024
Depreciatlon- owned assets
17,175
16,891
ii.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneratlon or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
TRUSTEES. EXPENSES
There were no tru5tees' expenses pald for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Iz.
STAFF COSTS
2025
2024
Wages and salarles
Soclal seturlty costs
Other penslon costs
91,364
2,131
80,626
1,327
1,524
95,435
83,477
The average monthly number of employees during the year wa5 as follows:
2025
2024
Management and administration
No employees received emoluments in ex￿55 of £60,000.
Page 18
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TOThE FINANCIAL STATEMEKtS- continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
COMPARAnVES FOR THE STATEMENT OF FINANCIALAcnviTIES
Unrestricted
Jnd
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and le83cle5
8.322
8,322
Charftabl• actlv5tSes
Charitable activltSe5
73.836
31,304
105,140
other tradlng actlvitles
Investment income
9,449
61,450
9,449
61,450
Totsl
153,057
31,304
184,361
EXPENDITURE ON
Charltable actSvltles
Charltable 3rtivltles
174,030
19,752
193,782
NET INCOMEIIEXPENDITUREI
120,9731
11.552
19,4211
RECONCILIATION OF FUNDS
Total funds brought foNard
87,266
1,447,726
1,534,992
TOTAL FUNDS CARRIEO FORWARD
66,293
1,4.59,278
1,525,571
14.
TANGIBLE FIXEO ASSETS
Freehold
propertv
Office
equipment
Computer
equlprnent
TDta15
COST
At l April 2024
Additions
841.619
63,130
42.730
14,606
245
898,955
65.375
At 31 March 2025
904,749
42,730
16.851
964330
DEPRECIATION
At l Aprll 2024
Charge for year
169,656
.105
21,988
2.850
6.728
198372
17,175
At 31 March 2025
182.761
24.838
215y7
NET BOOK VALUE
At 31 March 2025
721.988
17.892
8.903
748,783
At 31 March 2024
671,963
20.742
7,878
700.583
Freehold property
Freehold property consists of the Newman Brothers Coffin Fittin￿ Works and Ss a 8,748 square foot Grade Il. Ilsted former
factory sltuated In Fleet Street on the edge of the historfc Jewellery Quarter of Birmingham. The original three 5t0
premises were built in 1894 and 15 a typical example of o late 19 rentury purpose built factory. A two storey wing was
added in the 19605 to increase production capacity.
Page 19
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- tontlnued
FOR THE YEAR ENOED 31 MARCH 2025
TANGIBLE FIXED ASSEfs- continued
The renovated building contains the Newrnan Brothers Museum which provldès visltors wlth an experlence
BSmiinÉham's industrial heritaÈe. the otfices of the Birmingham ConseNation Trust and a number of modem workspaces
which are rented outto local members of Blrmln8ham'5 creative community.
The proportlon of the freehold property that comprises the rnuseum Is recognlsed at cost and treated as a her(tage asset
wlth no depreciation belng charged. The trustee5 deem thls policy to be appropriate glven the hlstorlc natu￿ of the
propetty and the naturè of the charlty's activities whlch ensures that the property Is malntalned In an excellent state of
repair to be enjoyed by future 8eneration5. Depreciatlon is char8ed on the proportion E)f the freehold property occupied by
the charity and its tenants.
15.
HERITAGE ASSErs
Total
MARKEf VALUE
At l Aprll 2024 and 31 March 2025
7XIA54
NET BOOKVALUE
At 31 March 2025
750.454
At 31 March 2024
750,454
Newman Brother5 Museum
The collections maintained by the charity are not capitalised.
When the charlty acqulred the Newman Brother5 Coffln Flttin8 Work5 all of the factory's contents were left in situ. Th15
included large quantlties of stock (such as handles, screws, breast plates and shroudsli paperwork (such as sales ledger and
catalogue51, orlginal plant and machinery and a range of domestic and personal items.
Whilst the contents of the factory are a fundamental part of the herlta8e of the factory and represent a fasclnating picture
c*f Ilfe In a Vlctorlan factory in 8lrrningham, there Is Ilttle or no commerclal value to these Items and they are mostly
Irreplaceable.
As a ￿suIt, the trustees belleve that any flnanclal based valuatlon would be misleadlng to the value and slgnM¢an¢e of the
items. Furthermore, the cost of completing such a valuation is deemed by the trustees to outwei8h the beneflt as the
charlty would not look to dlspose of any Items.
16.
FIXED ASSET INVESTMENTS
Shares in
group
undertaklng5
MARKEfvALUE
At l April 2024 and 31 March 2025
15
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
15
There were no investment assets outslde the UK.
The company's investments at the balance sheet date in the share capitsl of companies include the followln¥.'
Page 20
contlnued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANaAL STATEMENTS- ¢ontlnuÈd
FOR THEYEAR ENDED 31 MARCH 2025
16.
FIXED Ass￿ INVESTMENTS- continued
Birmin8ham ConseThatlon Trust ITradin81 Limited
Registered office: The Coffin Works, 13-15 Fleet Street, Birmingham, England, B3 IJP
Nature of buslness.. Specia112ed construrtlon actNltles
Class of share:
Ordlnary £1
holding
i(K)
17.
INVESTMENT PROPERTY
FAIR VALUE
At l April 2024
and 31 March 2025
NET 800K VALUE
At 31 March 2025
At 31 March 2024
Investment property includes a parcel of land. No valuation is available and therefore the land has been Included at a
nomlnal value of £1.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
VAT
6,372
5,832
1,803
2,793
12,204
4,596
CREDtfoRS: Amoupifs FALLING DUE WITHIN ONE YEAR
2025
2024
Trade credllors
Soclal stcurlty and other taxes
Other creditors
Accruals and deferred Income
11540
1.85S
11,590
381
7,038
7,042
20,939
21,018
20.
LEASING AGREEMENTS
Mlnimum lease payments under non-cancellable operating leases fall due as follows.
2025
2024
Wlthln one year
Between one and five year5
650
936
650
650
1,586
Page 21
contlnued...

BIRMINGHAM CONSERVATION TRUST
NOTESTO THE FINANCIAL STATEMEKfs- continued
FOR THE YEAR ENDED 31 MARCH 2025
LEA51NG AGREEMENTS- contlnued
Lessor
At 31 March 2025 the charity had contracted wlth tenants for the following minimum lease payments.
2025
2024
Wlthln one year
Between two and five year5
In more than five years
24,769
17,102
45,424
12,697
41.871
58,121
21.
MOVEMENT IN FUNDS
Net
movement
In funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unr•strlct•d fund$
General fund
66,293
134.6681
63,130
94755
Restrfcted funds
Coffln Work5 fund
West Mldlands Museum Development
Ilronbrld8el fund
Golden Llon Project fund
Museums Estate and Development fund
1,432J88
20A82
1,452mO
71
3,372
92,614
26003
29,775
29,494
163,130)
IA59378
116,549
163,130}
1,512,697
TOTAL FUNDS
1,525,571
81.881
1,607,452
Net movement In funds, Included In the above are as follows:
Incomln8
resources
Resources
expended
Movement
In funds
Unrestricted ftinds
General fund
161,674
1196.3421
134,6681
Restrlrted fund5
Coffin Works fund
West Mldlands Museum Development
Ilronbridgel fund
Golden Lion Prolect fund
Museums Estate and Development fund
4Z,754
122,2721
20.48Z
107
39.747
92,624
1361
136,3751
71
3,372
92,624
175,232
158,6831
116,549
TOTAL FUNDS
336.906
1255,0251
81,881
Page 22
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIALSTATEMENTS- continued
FOR ThE YEAR ENDED 31 MARCH 2025
21.
MOVEMETr￿ IN FUNDS- Con￿AUtd
ComparatIv￿10r movement In fvn(ts
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlrted funds
General fund
87,266
120,9731
66,293
Re5trlrted funds
Coffin Works fund
West Mldlands Museum Development
Ilronbr(d8el fund
Golden Lion Prolect fund
1,447,203
114,8151
1,432,388
523
1361
26,403
487
26,403
1,447,726
11.552
1,459.278
TOTAL FUNDS
1,534.992
19,4211
1.525,571
Comparative net movement In funds, Included In the above are as follows:
Incomlng
resources
Resources
expended
Movement
In funds
Unrestrfcted funds
General fund
153,057
1174,0301
120,9731
Restrlrted fund5
CoffSn Works fund
West Mldlands Museum Development
Ilronbridgel fund
Golden Llon Prolert fvnd
114,8151
114,8151
4,901
26,403
14,9371
1361
26,403
31,304
119,7521
11,552
TOTAL FUNDS
184,361
1193,7821
19,4211
A current year 12 month5 and prlor year 12 months comblned positson Is as follows..
Net
movement
in funds
Transfers
between
fund5
At
31.3.25
At 1.4.23
Unrestrlrted funds
General fund
87,266
155,6411
63,130
94,755
Restrlrted funds
Coffin Works fund
West Midlands Museum Development
Ilronbridgel fund
Golden Lion Project fund
Museum5 Estate and Development fund
1,447,203
5,667
1,4S2.870
523
35
29.775
92,624
558
29,775
29.494
163,1301
1,447,726
128,101
163.1301
1,512,697
TOTAL FUNDS
1.534,992
72,460
1,607,452
Page 23
continued.

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR ThE YEAR ENDED 31 MARCH 2025
21.
MOVEMENf IN FUNDS. Contlnued
A current year 12 months and prlor year 12 months combined net movement in funds, included in the above a￿ as follows=
Incoming
resources
Resources
expended
Movement
in funds
Unre5trfrted funds
General fund
314.731
1370,3721
155,6411
Restrlrted funds
Coffin Works fund
West Mldlands Museum DevplopmÈnt
Ilronbridgel fund
Golden Lion Project fund
Museums Estate and Developryent fund
42,754
137,0871
5,667
5,008
66,150
92,624
14,9731
136,3751
35
29,775
92,624
206.536
178,4351
128.101
TOTAL FUNDS
521.267
1448,8071
72,460
Purpose of Unrestrlcted Funds
General ftind
Thbs fund represents the free funds of the charlty that are not deslgnated for particular purposes.
Pury)ose of Restrfcted Funds
Coffin Work5 fund
Thls fund represents charity assets to be used for the contlnued operation of the charity's Newman Brothers Museum.
Thls fund represents fundlng from West Midland5 Museum Development towards ener8y costs.
Pro
GoldenLlouiecr fund
Thls fund represents fundlng receSved In order to enable the ¢harSty to comm15slon a lead consultant to co.ordlnate and
dellver the Golden Lion feaslblllty Study as well as scope and cost a programme of emergency repalrs.
useums Estate an4D¢velopment fynd
Thi5 fund represents funding received In order for the charlty to implement a number Df envlronmental measures at the
chartty'5 Newman Brothers Museum such as the installation of secondary 8lazlng at the front of the mu5eurn buildin8 from
the museum shop up to the top floor of the museum buSlding. Thls wlll increase energy effl¢lency and also the comfort of
volunteers and visitor5 at the Newman Brother5 Museum.
other envlronmental measures fo be funded via thbs fund Include the Installatlon of UV-filterln8 fllm on the north range of
the Newman Brother5 Museum to Improve conditions for tenants durlng the warmer months of the year as well as the
Installatlon of a wlrelèss envlronmental monitoring system.
TRANSFERS BETWEEN FUNDS
Transfers between funds as at 31 March 2025 represent movements between the charlty's General fund and certain
Indlvldual restrirted funds.
Page 24
contlnued.

IRMINGHAM CONSERVATION TRUST
NOTESTO THE FINANCIAL STATEMENTS- cont5nued
FOR THE YEAR ENDED 31 MARCH 2025
RELATED PARTY DISCLOSURES
BlrrnlnKharn Con5ervatlon Trust trradlnKI Llmlted
At 31 March 2025 Birmingham Conservatlon Trust wa5 owed £nll 12024: £nlll frDm its dormant 5ubsldlary, Blrmingham
Conseryatlon Trust ITradln81 Llrnited.
Jack Hanson
Durlng the year ended 31 March 2024 Jack Hanson. a trustee of Blmilngham Conservation Trust untll 14 August 2024.
provided a brldglng loan to Blrmingham Conservatlon Trust
Thls amount wa5 repald In full to lack Hanson by Blrmln8ham Con5ervatlon Trust as at 31 March 2024.
No related party transactlons occurred between Blmingham Consewdtlon Trust and Jack Hanson durlng the perfod l Aprll
2024to 14 August 2024.
Page 25