Charlty registration number. 1069179
The W O Bentley Memorial Foundation
for the Year Ended 31 De¢anber 2024

The W O Bentley Memorial Foundation
Contsnts (Continued)
Reference and Administrative Detsils
Tn￿te¢s, Report
2104
Independent Examinerfs Report
Statement of Financial Activities
6t07
B￿allet Sheet
Notes to the Financial Statements
9t015

The W O Bendey Memorial Foundation
Reference and Adminlstrathve Details
Trustees
Mr Alan Bodfish
MrNigel Smith (Resigned 26 Febnwy 2025)
Dr Spewer Silvcrbach
Dr Thom&8 Dine
Mr Midwel Barton
Nita Ewart
Mr Brian Dennis Gush (appointed 26 February 2025)
1069179
Cbarlty Re￿￿tratIon NwDber
Prlndpal Offite
W O B￿tleY Memoriol Building
Wroxton
OX15 6ED
Independent EX￿lner
Jonathan Russell F.C.A.
Just Audit & Assutanc¢ Ltd
4 South Bar Street
Banbury
OXI6 9AA
Page I

The W O Bentley Memorial Foundation
Trustces, Report
The trustses present the annual rq)ort together with the finan¢ia] statements of the tharity for the year ¢nd¢d 31
Dettmber 2024. The Trustea are satisfied that they meet the requiments of the Charities Acts.
Objectlves and activities
PollcleJ and objecllve
The principal object of the charity is to provide the advancement of public knowledge and appreciation of the
Bentley motor car and its hisknry by th¢ eslablisRllnent and n)aintenanL% of a MUSC￿ Library and Archive5 for
the preservatio￿ exhibition and study of the collections.
The Foundation is continuously Iijoking to enhance its Museun¥ Library and Archives by aquiri￿ any material
rclating to W O Bentley and the Bentley motor car.
Achievements and performan
Revlew o14dlvlll
The main activities throughout the year were providing the members and guests of the foundation with historic
infonnation on individual vehicles, W O Bentleys life . racing et¢. The actiVAties include Talks Day and
producing publications, including 1888. The fimding to provide thcse services is obtained largely through
donations, along with a small amount of fee income.
During thc ycar, the Foundation undertook several fundraising ￿1VitieS. including publication and sale of books
and life asso¢iateship of the foundation.
Inveslmen¢pallcy fjndperfonndnce
The trustee5 are of the opinion that the monry available for investment should be on an interest bearing bank
account. Thc truste¢s appreciate that this is a low risk strat¢8y and that it does not give capitsl growt
FIDgnclal revlew
Going concern
After making appropriate cnquiries. thc trustees have a reasonable expe¢tstion that the ¢harity has adequat¢
resources to continue in operational existence for the forseeable future. For that r￿$0￿ they continue to adopt
the going concern bosis in preparing the financial slatem¢nts. Fw11w detsib reg8rding the adoption of the going
¢onrArn basis can be found in the accounting policies.
Pollcy on reserves
It is the poliry of the Tntstees to maintaiti sufficient unrestricted reserves to provide for charitable expenditure
in order for the ¢harity to continue to mect its objectivcs. for a period of at Icast 12 month4 if all, or most of its
income ceases.
Strncknreg governAnee And management
The principal object of the charity is to provide the advancement of public knowledge and appreciation of W O
Bentlrfs life and works and the Bentley motor Car and its history by the establishment and maintenance of a
MUS￿ Library and Archives for the preservatio￿ exhibition and study of the collections.
There have been no thanges in the objective5 sintt the last annual report.
Page 2

The W O Bentley Memorlal Foundation
Trustees, Report (continued)
RecrnIin￿nk andappolnlment oftrustees
The mana8¢ment of thc charity is the responsibility of the TrustCC5 vkno are elected and cfropted under the
tem)s of the Trust d¢e(L
Orgafttsadonal strmdure and dedslon
The Org￿lSation is governed by the board of Tntstees, who med at least on a qu8rterty basis.
The Trustees hav¢ &8sessed th¢ major risks to whith the ¢harity is expose¢ in partiullar those related to the
operation and fmances of the clwity, and are satisfied that systans and procedures are in place to mitigate our
exposure to th¢ major risks.
Plans for periods
The ft)undation L￿tInUeS to offer a lifc associatssbip. This has helped lo incre&8c the amounts that are 8en¢rat&l
along with rcthiGing administration lime.
Potenti￿ developments for the future gre to publish new book4 conlitiue the digitisalion of •r¢hive4
l**se of part of the W O Bentley Memorl*l Bllllding
The foundation leases part of the W O Bendey Memorial Building on an inital 30-year terni which expircs on 28
Juty 2040. The lease provisions contain a Glause giving the foundation th¢ rigbt to have an addilional 30- year
tem provided it gives th¢ landlord not less than 6 months, notice in of such a wish.
Employee Involvement
Employees have been consulted on issues of ￿nCern to them by means of regular consultative committe¢ and
stsff meetings and hav¢ been kept infornied on specific matters directty by management. The clwity carries out
exit interviews for all staff leaving the organisation and h&8 adoptd a prixedure of upward feedback for senior
management and the T￿￿te¢s.
The charity hag impIenwrt￿ a numbtt of detailed policies in rel*ion to all aspects of person￿1 mattas
including:
- equal opportunities poli
- volunteers, po]i¢y
- hcahh and safety policy
Employmenl of dtsabled persons
In accordanrK with the charity's Equal opportunities policy, the clwity ha5 long eslab]ished fair employment
practices in th¢ recruitmenl selection, retcntion and training of disabled slaff.
Full detsils of these policies arc &vailable from the Charity's offices.
Page 3

The W O Bendey Memorial Foundation
Trustees, Report (continued)
Statement of Trnste*s' Respon8lbllldo8
The trustees are responsible for preparing the tTUStees' report and the financial statements in accordance Ivith the
Unit¢d Kingdom Accounting Standards (United Kingdom Generalty A¢c¢pted Accounting Practice) and
applicable law and rcgulations.
Thc law applicable lo charities requires the trustees to prepare financial statcments for each flnancial year which
give a tsue and fair view of the state of affairs of the charity and of the inc4)ming resources and application of
resources of the charity for that period. In prcpaTing these financial stal¢m¢nts. th¢ truste¢s are required to:
s¢le¢t suitable accounting policics and then appty them conSist￿y.
observe the methods and principles in the Charities SORP:
make judgcments and estimates that are reasonable and prudent
st*e whether applicable accounting standards have been follow￿ subject to any rnater1￿ departures
disclosed and explained in the fJnan¢ial statements: and
prcpare the fmancial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in busin¢ss.
The tn￿ are r¢sponsibl¢ for keeping proper accounting re￿ that disclose with reasonable a¢cura¢y at any
lime the financial position of the charity and cnablc them to ensure that the financial statements compty with the
Charities Act 2011. the Charitics {Accounts and Reports) Regulations 2008, and the provisioDS of the
constitution. Thc trustees aTe also responsible for safeguarding the assets of the charity and hence for taknng
reasonable steps for the prevention and detection of fraud and other irrcgularities.
.. and sigtted on its behalf ty:
Mr Mithael Barton
Page 4

The W O Bendey Memorial Foundation
Independent Examiner's Report to the trnstees of The W O Bentley Memorial
Foundation
I report to the tn￿teeS on my examination of the accounts of The W O Bentley Memorial Fowidalion for the
year ended 31 December 2024.
ReJpon8lbllitle8 Ind ba$18 of report
As the charity trustees of The W O Bentley Memorial Foundation you are responsible for th¢ pryaration of the
ac￿Unts in a¢cordan¢e with thc requirements of the Clwities A(# 2011 ('thc Act,).
I report in rw of my cxamination of the The W O Bentley Mcmorial Foundation's acKaunts CaTTied out
under section 145 of the 2011 Act and in carying out my exami￿On I have followed all the applicable
Directions giv¢n by the Charity Conmiission undcr section 145{5)(b) of the ACL
Independent eumln¢r'$ statement
I have Complcted examination. I confirm that no material matt¢Ts hav¢ come to my attention in conTh¢rtion
l. accountiDg records wcrc not kept in respect of Th¢ W O Bentlcy Memorial Foundation as required by
section 130 of the ACL. or
2. the accounts do not accord with thosc records: or
3. the a￿Ounts do not ¢ompty with the accounting requirements Concerning thc forn) and content of accounts
set out in the Charities (Accounts and Reports) RegulAtions 2008 othcr than any requirnent that thc
a¢¢ounts give a 'true and hir view which is not a matter considered as port of an indcpcndent
I have no concems and have come across no other matter5 in connection with the examination to ￿lch attention
should be drawn in this report in order to enable a proper und¢rslanding of the accounts to be rea¢h¢d.
Jonathan Russell
F.C.A.
Just Audit & A&wrance Ltd
4 South Bar Street
Banbury
OX16 9AA
Page 5

The W O Bentley Memorial Foundation
Statement ofFiDancial Activities for the Year Ended 31 December 2024
Unrestrleted
funds
Total
2024
Note
Income And Endov4ments from:
Donations and legaci¢s
Clwitablc activitie5
Other Irading activities
Investhient income
36,433
20,082
3,911
65
36,433
20,082
3,911
65
Totsl in￿rne
60.491
60.491
Exptndlture on:
Raising fimds
(6,589)
52,116
(6,589)
52.116
Totsl expenditure
58,705
58.705
Net income
1,786
1.786
Nct movement in funds
1,786
1,786
Retonclllatlon of funds
Totsl funds broughl forward
150,041
150,041
Total funds carried forward
15
151,827
Unrestrl¢ted
151,827
Total
2023
Note
Ineoll￿ aDd Endowments from:
Donations and legacics
Charitable activities
Oth¢r trading activities
tnvestment incomc
44.123
9.513
3,189
62
44.123
9.513
3,189
62
Total income
56,887
56,887
Expendltnre on:
Raising funds
Other expenditure
(14,343)
50,742
{14,343)
50.742
Totsj cxpenditurc
65.085
65.085
Nct cxpcnditurc
8,198
8.198
Net movement in funds
(8,198)
(8,198)
Reconciliation of funds
Total fimds brought fonvard
158,239
158,239
Totsl fimds caryied foThvard
15
150,041
150,041
The notss on pages 9 to 15 fomi an inte￿￿ part of these fllwiciai statements.
Page 6

The W O Bendey Memorial Foundation
Statement of Financlal Activities for the Year Ended 31 December 2024 (continued)
All of the chty's activities derive from conlinuing operations duriDg the above two periods.
The fimds br¢akdown for 2023 is ID notr 15.
The notes on pages 9 to 15 forni an intsgral part of thcse financial statemwts.
Page 7

The W O Bentley Memorial Foundation
(Registration number: 1069179)
Balance Sheet as at 31 December 2024
2024
2023
Note
ed assets
Tangible &ssets
li
70,845
71231
Current assets
Stocks
Debtors
Cash at bank and in hand
12
13
4,662
1,958
110.591
4,973
5,760
105.778
117,211
116,511
Credfitors: Amounts falllng due Fithin one year
14
36,229
37,701
N¢t eprrent assets
80.982
78,810
Net assets
151,827
150,041
Funds of the charity:
Unre8trlcted income fvnd8
Unrestricted funds
l51,827
150.041
Total funds
15
151827
150.041
cial statancnts on pagcs 6 to 15 were apwoved by the trustees. and authorised ftir issue on
... and signed on their behalf by:
Mr Michael Barton
The notes on pages 9 to 15 forni an integrnl part of th￿¢ fiDan¢ial statements.
Pa8¢ 8

The W O Bentley Memorial Foundatlon
Notss to the Finandal Statements for the Year Ended 31 December 2024
l Ae¢ouDtimg polkies
Statemellt of eompllante
The financial stateM￿ts have been prepared in accordance with the Se￿nd edition of the Charities Stalement of
Recommended Prn¢ti¢e issued in October 2019. the Financial Reporti￿ Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102} and the Charities Ad 2011.
Basts of preparalloll
The W O Bend¢y Memorial Foundation meets thc definition of a public ben¢fit entity wider FRS 102. The
accounts (fllwicial statements) have been prepared under the historical cost convention with itcms rccogDiscd at
¢ost or Iransaction value unless otherwise statcd in the relevant note(s) to these accounts.
Golng concern
The trustees ¢oDsid¢r that there arc no tnal¢rial uncertainties about the charity's ability to ¢onlinu¢ as a going
IlltOn￿ endowments
Voluntary income including donations. legacies and grants that provide ¢or¢ funding or are of a g￿eral
nature are Tecognis￿ when the clwity lths enlitlement to the iDWll< it is probable that the income will be
received and the ￿llo￿nt can be measured with sufficient reliability.
Donations and legacies are recognised on a re¢eivable basis Wh￿ rettipt is probable al￿ thc amount can be
reliably meure
Expendltllre
All expenditur¢ is recognised once there is a legal or constsuctiv¢ obligation to that expendiliirè it is probable
scttlement is required and the amount can be measured reliabty. All ¢osts ar¢ allocated to the applicable
expenditure hcading that aggregate similar costs to that catsgory. Where ¢osts cannot be dir¢ctly attributed to
particular hcadings they have been allocated on a basis consistent wfftth the use of resources, with Central staff
¢osts allocalcd on th¢ basis of timc spenL and depreciation charges allocated on thc portion of the asset's use.
Other support ￿ are allocated based on the Spread of staff costs.
These are costs incurred in attracting voluntary income. the manwent of investments and thosc incurred in
trading activitics that raise funds.
Support costs
Support ￿sts include L%ntral fun¢tions and havc b¢eD allo¢ated to activity cost Categories on a basis consistent
with the use of resources. for examplc. ￿l0¢￿tIng propety costs by floor areas, or per ¢￿At& staff ¢osts by the
time Spe￿ and other costs by their usage.
Page 9

The W O Bentley Memorial Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Gov¢rnan¢e tosts
These include the costs attributable to the charity's compliance with constitutional and statutory requiments,
including audiL strategic management and trustee's m¢¢tings and reimbursed expense5.
TaiAtlon
The ¢harity is considered to pass the tests sct out in Parawh I Schedule 6 of the Finance Act 2010 and
ther¢fore it meets the definition of a charilablc company for UK ¢orporation tsx purposes. Accordingly, the
charity is potentially cxempt from taxation in respect of income or capital gains received within categorie5
covercd by Chapter 3 Part I l of th¢ Corporation T&x Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applicd exclusivety to ¢haritabl¢ purposes.
Tangible fixed assets
Individual fixed assets are initialty rccoyded at rt less any subsequent accumulated depreciation and
subsequenl accumulated impairnient losses.
Depreclation And Amortlsatlon
Depreciation is provided on L￿gible fixed assets so as to write off the Cost or valuatiofy less any ￿tirnated
residual value, over their ex￿cted useful economic lifc as follows:
Asset cla
Office equipment
Library
Fixtiwes & Fittings
Depreciation method and rats
20% reducing balan¢e
20% reducing balan¢¢
Trade debtors
are amounts due for mer¢hath sold or savices perfornie
recognis￿ initially at the transa¢tion price. They are subsequently mcasurcd at amortised cost using the
cffedivc interest Metho￿ less provision for impairnienL A provision for the impainnent of is established when
there is objective evidence that the wll not be ablc to collcct all amounts due a￿Ording to the oriwnal lerms of
the receivables.
Cash 8nd c28h equivgltnts
Cash and Cash equtvalents comprise cath on Iwid and call dqJ0si￿ and other short-terni highty liquid
invcstments that are readity convertible to a knoivn amount of cash and arc subjcrt to an insi￿lficant risk of
change in value.
Credltors
are obligations to pay for goods or s¢rvi¢es that have been acquired in the ordinary coursc of bu5in¢ss from
suppliers. ALxounts payable are ¢l&ssified as current liabiliti￿ if the does not have an unconditional righL at the
end of the reporting perio￿ to defer settlement of the creditor for at least twel￿ months after the reporting dat¢.
If ther¢ is an unconditional right to defer scttlcmcnt for at least twelve months after the reporting dats, they are
presented 0$ non-current liabilities.
Liabilities are recO￿lIsed initially at th¢ transaction price and subsequently mcasurcd at amortised Cost using the
effe¢tive interest method.
Page 10

The W O Bentley Memorial Foundatlon
Notes to the Flnancial Statements for the Year Ended 31 December 2024 (contlnued)
Fund strnetsre
Unrestricted inLI)me funds ￿e genernl funds that are availablc for use at the trustee5 discrciioD ID furtherance of
the objective5 of1he Charity.
2 In¢oDJe from donadoni 2nd legad
Unrestricted
fund8
General
Total
Jjds
Don*ions and l¢gaci
Donations
36,433
36.433
Tothl for 2024
36,433
36.433
Totsl for 2023
44.123
44,123
3 Intome from charitable Aetivltles
funds
General
Total
rund8
20,082
20,082
Totsl for 2024
20.082
20,082
Totsl for 2023
9,513
9,513
4 Ineonw from other trgdlng *etlvld
UnTe8trleted
nds
GenerAI
Totsl
nds
Trading income"
Book & publicalion sales
Total for 21124
3.911
3,911
3,911
3.911
Total for 2023
3,189
3.189
Pagc 11

The W O Bentley Memorial Foundation
Notes to the Financial Statements for the Year Ended 31 Deeember 2024 (continued)
5 Investmenl fineome
Unregtrleted
funds
General
fonds
Interest receivable and similar income:
Interest receivable on bank dqK￿its
65
65
Total for 2024
65
65
Total for 2023
62
62
6 E4widlknre on rgtslng tsnds
Alloegted
support costs
Totsl
costs
Books and publi¢ation costs
Total for 2024
6,589
6.589
6,589
6,589
Total for 2023
14,343
14,343
7 Expenditure on ehArltable aelfvttfies
URre8trlcted
Totsl
2024
Totsl
2023
General
Staff costs
Wages and salaries
Depr￿latIO￿ amortisation and other similar costs
33,439
33,439
33.438
785
2,176
927
3,187
755
1,468
4.530
85
711
2.134
2298
3.956
686
1,499
2.034
198
2.233
656
695
1,648
2.134
2298
3,956
686
1.499
1034
198
1233
656
695
1,648
Printing and ststionery
Motor and travel
Archive costs
Sundry expenses
Computer expcnscs
Banncr4 flags and badges
Independent examiners fee
Lunches
620
1.068
52,116
52,116
50.742
Page 12

The W O Bentley Memorial Foundatlon
Notes to the Financial Statsments for the Year Ended 31 December 2024 (continued)
8 Net Ineonthiyjoutgolng r￿0￿ree$
Net iDcominW(outgoing) resources for the year include:
21124
2023
Dcpreciation of assets
785
9 Stsff eosts '
The aggregate payroll costs wer¢ as follows:
2024
2023
Staff eosts during the year were:
Wagcs and salaries
Social security costs
Pension CA)sts
31.120
1.784
535
31.120
1,783
535
33,439
33,438
No employrt emoluments of more than £60.000 during the year
The average numbcr of persons employed by the charity during the year was 2 (2023- 1)
Pagc 13

The W O Bentley Memorial Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
10 Taxatlon
Th¢ ¢harity is a registered Charity and is therefore exempt from taxation on its clwitable activities.
11 T4nzlble fixed assets
Equlpment
Llbrary
Total
Cost
At l January 2024
36.838
68,202
254
5.688
110,728
254
At 31 De¢eMI￿r 2024
36,838
68.456
5,688
110,982
D¢pr¢elatlon
At l January 2024
Charge for the year
33.809
5.688
39,45Y7
640
At 31 December 2024
5.688
40,137
Net book value
At 31 December 2024
1389
68.456
70,845
At 31 December 2023
3.029
68.202
71,231
12 Stotk
2024
2023
Finished goods
4,662
4.973
13 Debtors
2024
2023
Trade debtors
336
1.367
255
918
2,658
2,184
Other debtors
1.958
5,760
14 Creditorj: mounts falllng due wlthln one year
2023
Trad¢ Creditors
Other creditors
22,396
13,058
775
8,450
25,831
3,420
37,701
36,229
Page 14

The W O Bentley Memorial Foundation
Notes to the Financial Statements for the Year Ended 31 DeceD)ber 2024 (continued)
15 FuDd8
BalAnee at 31
D¢¢ember
2024
Ineomlng
JAnuary 2024
expended
Ullrutrl¢ted funds
General
General fund
150.041
58,705
151,827
Balance at 31
Decemb¢r
2023
Bthee at I
J￿ll￿ry 2023
Ineonthbg
pended
Unrestritted tsnds
Genernl
158.239
56 887
65,085
150.041
16 Analysts ofnet ￿sets bttween thnds
unrestri￿ Tot21 funds At
nds
31 Dttember
G¢n¢rg1
2024
Tangible fixed assds
Cwrcnt assets
Current liabilrties
70,845
117211
36,229
70.845
117211
36229
Totsl net assets
151.827
151.827
Unrestrict*d
nd8
Gen¢r21
Totsl thnds At
31 Deeember
2023
Tangible fixed
71231
116,511
37,701
71231
116,511
37,701
Current liabilities
Total net assets
150,041
150,041
17 Related p•rty transactions
There were no r¢latsd paty transactions in the year.
Page 15