B-17 Charitable Trust Registered Charity Number 1079007 A Company Limited By Guarantee No 3816246 Balance Sheet and Accounts asat 31 March 2025 Patron Air Chief Marshall Sir John Allison KCB CBE FRAes RAF Trustees E Sallingboe BEM P H Kuypers Honorary Trustee: E O Inman OBE FRAes
B-17 Charitable Trust Report and accounts Contents Page Company information Annual Report of the Trustees Statement of Trustees, Responsibilities Report of the Examining Accountants to the Trustee Income & Expenditu Account Balance sheet Notes to the accounts
B-17 Charitable Trust Company Information Reporting accountants Kingston Accountants Ltd 308 Ewell Road Surbiton Surrey KT6 7AL Administrative Offices PO Box92 Bury St Edmonds Suffolk IP28 8RR Registered office 308 Ewell Road Surbiton Surrey KT6 7AL Registered number 3816246
B-17 Charftable Trust Annual Report of the Trustees Introduction Reaching the 50th Anniversary since her arrival in the UK. B-17 Solfy B is Still the only airworthy example of a 8-17 Flying Fortress in Europe and one of only three still flying in the world today. Operated and preserved in this country for these many years by the operating company 8-17 Preservation and flown and maintained by a dedicated team of professional volunteers. Its mission 15 to educate the public. air show audtences and visitors to the aircraft's home base at the Imperial War Museum Duxford, on the role of United States Air Force crews who flew from British bases during the second World War. More importantly• Sally B flies as a memorial to the USAAF and airman who gave their lives for our freedom- a clear reminder of the hea price paid for the freedom we all enjoy today. As such. this 8-17 plays a very important role in our aviation history. which must never be forgotten. Those crews in their B-175, $0 many of whom trègically failed to return home from their dan8erous daylight misslons, helped immensely to bring about the end of the war in Europe. Background to the B-17 Charltble Trust The B-17 Charltable Trust. Registered Charity Number 1079007 , was established in January 2000. It's aim is to raise funds towards the operating costs of Salfy 8. so that the aircraft can continue to fly in this Country and Europe for the education and enjoyment of young and old today and for future generations. The Operating Year Following th FAA grounding last year. 2024 was a good year forthe aircraft, even though we were late in leaving the han8er due to an unscheduled CAA technical inspettion. This audit wa5 500n Completed and passed with no problems found. Through hard work and dedication, the loyal volunteer en8ineerln8 team still managed to get the 8-17 ready for the first planned flights. The first flight was in May with a flypa5t for the 398th Bomb Group Memorial Association of Nuthampstead. The rest ofthe season went well, with just few flights cancelled because of bad weather Also during 2024. more spares were bought for the aircraft, and the engineering team completed some important work over the winter period . among these, they replaced the no. 4 éngine's carburetor, replaced all 3 batteries and had one propeller overhauled. Plus $0 much other essential work to get her ready to celebrate her 50th anniversary in 2025. Current Situation In April 2024. Sally 8 1Ved another £30,000 from the Bomber Command Associatlon. and to top it all. another £20.IJQO was re¢¢lved in October. The Trustees are most grateful for these two outstanding donations, together with the large donation given in 2023. Our most grateful thanks 80 to Chairman David Keen and Trustee Peter Smith. The Trustees are also very grateful for the klnd response to the Salfy B Appeal where our many dear Friend5 and supporters Club members raised additional funds, brin8in8 the total to £125,918 which Is very gratefully received. The Trustees would also like to thank the following companies for their invaluable help in keeping Solly B flying.. Dromfield En8lneerin& Mike Barnet and Skycraft Servire5. Skysmart MRO and TRB Ughtweight 5tru¢tures. and so may more The Trustees wlll continue fundraising and will do everything they can to ensu thi5 unique 8-17 is kept flying to remember the many thousands of young airmen who died for our freedom. Elly Sall gboe BEM Chairman of Twstees 31 December 2025
B-17 Charitable Trust Annual Report of the Trustees STATEMENT OF TRUSTEES. RESPONSIBILITIES Charity law requires the Trustees to prepare financial statements for the fi'nancial year which give a true and fair view of the state of affairs of the charity amd of the surplus or deficit of income over expenditLJre In preparing those financial statements generally accepted accounting practice entails that the Trustees '. Select suitable accounting policies and then apply them consistently Make judgement and estimates that are reasonable and prudent . State whether the recomendations of the Statement of Recommended Practice Number 2 { Accounting by Charities ) have been followed subject to any material departures disclosed and explained in the financial statements . Prepare financial statements of the going concem basis unless it is inappropriate to presume that the charity will continue in business The Trustees are responsible for keeping proper accounting records They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity to prevent and detect any other irregularities
B-17 Charitable Trust Accountants Report for the year ended 31 st March 2025 Independent Examinerfs Report to the Trustees of B 17 Charitablo Trusl. We report on the 3ccounts of the Trust forthe year ended 31st March 2025, which are set out on Respectlve responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that 2 n 3udit is not required for this year l under section 43121 of the Charities Att 1993 (the 1993 Act l ) and that an independent examination is needed. It 15 my responsibility to examine the accounts l under section 43131 la) of the 1993 Act ) . to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43171 (bl of the 1993 Act ) and Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking expla nations f rom you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given bythe accounts. Independent examinerfs statement In connection with my examination, no matter has come to our attention {11 which gives us reasonable cause to believe that in a ny materia I respect the requirements to keep accounting records in accordance with section 41 of the 1993 Act . and to prepare accounts which accord with the accounting records and complywith the accounting requirements of the 1993 Att. {21 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Kingston Accountants Ltd 308 Ewell Road Surbiton Surrey KT6 7AL 31 December 2025
B-17 Charitable Trust Income & Expenditure Account for the year ended 31 March 2025 Notes 2025 2024 Income 145,921 236,089 Expenditure (4,8451 (3,967) Surplus of Income over Expenditure 141,076 232,122 Relief Grant {93,0711 (118,5051 Surplus on ordinary artivities before taxation 48,005 113.617 Interest Receivable 2,359 700 Tax on profit on ordinary activities Surplu5 (Deficit) for the financial year 50,364 114,317 Balance Brought Forward 344,405 230,088 Balance Carried Forward 394,769 344,405
17 Charitable Trust Balan¢e Sheèt as at 31 March 2025 Not•$ 2025 2024 Current assets Debtors Cash at bank and in hand 3,531 391,241 394.772 5,697 338,711 344.408 Creditors: amounts falling due wlthln one year Net Current assets 394,772 344.408 Net assets 394.772 apital and reseThes Called up share capital Surplus on Income & Expenditure Account 394.769 344.405 Shareholders, funds 394,772 344,408 The trustees / direttors are satisfied that the company is entitled to exemption under SettionA{11 of the Companies Act 1985 and that no member or members have requested an audit pursuant to sertion 249812} of the Act. The trustees / dlrectors acknowledge their responsibilttie5 for: li) ensuring that the company keeps proper accountin8 records which comply with section 221 of the Companies Att 1985 , and li1} preparin8 accounts whlch give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Section 226 of the Companies Act 1985, and which otherwise comply with the requirements of this att relating to accounts, so far as applicable to the company. The accounts have been prepared in accordance with the special provisions relating to Small companies wsthin Parr Vll of the companies Act 1985. These Accounts were approved by the Trustees on 31 Dec mber 2025 E Sallingboe BEM Trustee P Kuypers Trustee
B-17 Charitable Trust Notes to the Accounts for the year ended 31 March 2025 l Accounting policies ( a ) Grants and Donations and are accounted for on a receipts basis. Gift Aid is accounted for on the accruals basis. { b ) Expenditure is accounted for on the accruals basis . 2 Trustees No remuneration has bn paid to the Trustees of this charity and no expenses have been reimbursed . 3 Debtors 2025 2024 Gift Aid Taxation 3,531 5,697 4 Creditors: amounts falling due within one year 2025 2024 Trade creditors 5 Share capital Ordinary shares of £1 each 2025 No 2024 No 2025 2024 Allotted, ca Iled up and fully paid: Ordinary shares of £1 each The company , the B17 Charitable Trust , is limited by guarantee and the issue of shares is controlled by the Trustees . At the 31 st July 2000 three shares of £1 each have been issued as Pemianent Endowment Funds to the three Trustees . Income & Expenditure Account 2025 2024 At l April Retained surplus 344,405 50,364 230,088 114.317 At 31 March 394,769 344,405
B-17 Charitable Trust Income & Expenditure Account for the year ended 31 March 2025 for the infonnation of the directors only 2025 2024 Income 145,921 236,089 Administrative expenses (4,845) {3,967} Surplus of Income over Expenditure 141,076 232,122 Interest Receivable 2,359 700 Rellef Grant Crew expenses Flying Aircraft Insurance Engineering Freight 4,360 16,536 45,068 27,107 8,155 17,560 39,267 51,863 1,660 114,317 50,364 Balance Brought Forward 344,405 230,088 Balance Carried Forward 394,769 344,405
B-17 Charitable Trust Schedule to the Profit and Loss Account for the year ended 31 March 2025 for the infonnation of the directors only 2025 2024 Sales Donations and Legacy Tax Recovery 142,390 3,531 230,392 5,697 145,921 236,089 Administratlve expenses Employee costs.. Bank charges Advertising & Promtions 38 4,807 72 3,895 4,845 5,650