COMPANY REGISTRATION NUMBER . 06474550 BAWDSEY RADAR TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER . 1125600
BAWDSEY RADAR TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Member5 of the Board and professional advisers Trustees Annual Report Independent examiner's report to the members Statement of financial activities {Including income and expenditure account} Balance Sheet Notes to the financial statements 7-15
BAWDSEY RADAR TRUST TRUSTEES AND PROFESSIONAL ADVISERS Registered charity name Bawdsey Radar Trust Charity number 1125600 Company registration number 06474550 PrSncipal Address & Registered Office The Transmitter Block Bawdsey Woodbridge Suffolk IP12 3BA Dlrectors Sue Margaret Michell Peter Abery Clare Sullivan Peter Graham Murchie Peter Wain Alan Austin - appointed on 5 December 2024 Vanessa Austin - appointed on 5 December 2024 Paul Whiting- appointed on 18 January 2025 Antony Horton - appointed on 15 February 2025 Independent Examiner Beatons Limited Chartered Accountants 7 Three Rivers Business Park Felixstowe Road Foxhall Ipswich IPIO OBF
BAWDSEY RADAR TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Objectives of the Charity The Charity is a Company limited by guarantee and has no share capital and was incorporated on the 16 January 2008. The Charity was established under a Memorandum of Association and is governed under its Articles of Association. The aim is to conserve the Transmitter Block at Bawdsey, maintain a unique exhibition, educational facility and visitor attraction, to explain how radar was developed and to record the central role that Bawdsey and radar played in saving our country during the Battle of Britain and thereafter. The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit and have strived to ensure that the Charity's activities reflect this. Appointment of Trustees Trustees are recruited through adverts in relevant local publications and recruitment websites (such as NCVO, AIM etcl. The charity acknowledges the benefits of diversity and is seeking greater diversity through the recruitment process. A recruitment panel of selected trustees and an independent person holds final interliews. Graham Murchie, who had stepped into the role of Chair on the unexpected resignation of the previous Chair, stood down in September 2024. The Trustees were grateful for the energy and enthusiasm that he brought to the role in somewhat difficult circumstances. He made it clear that he would only act a5 Chair for one year. In a departure from previous practice, when he stood down, his position was filled by Clare Sullivan and Peter Wain acting as co-chairs. Review of Activities and summary of the year There have been a number of changes in the year, the most significant of which was the departure of Lynette Burgess, the Trust's salaried Visitor Services Manager. This was a great sadness and arranging to cover Lynette's work with volunteers has been, at times, difficult because of the amount of work Lynette undertook coupled with her considerable experience and knowledge. The Trustees are keeping the situation under review as to whether a paid (full time or part timel employee may need to be appointed in the future but in the meantime the Trust no longer has any employee and salary costs. The Trust's bookkeeper, Katherine Kingston left to pursue her studies in August 2023. Her departure was a significant loss to the Trust because her work was of the highest standard. The Trust was however fortunate in obtaining the services of Vanessa Austin as a replacement volunteer bookkeeper and she started in March 2024. As a result of the rigour and discipline in procedures and the supply of information that Vanessa has introduced to her role the Trustees have a much greater awareness and understanding of the Trust's finances. The Trustees are grateful that Vanessa has recently agreed to take on the role of Treasurer after Kevin Sullivan, the then Treasurer, parted company with the Trust. The Trust has a very good working relationship with its landlord, PGL, and the local members of staff have always been co-operative and helpful.
BAWDSEY RADAR TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Financial Review At 31 March 2025 the unrestricted funds were £62,815, the restricted funds were £85,601 and funds totalled £148,416. At the beginning of the financial year in April 2024 it was predicted that the Trust would make a loss and at the 31 March 2025, the loss was £9,893. Grants and gifts had increased and although visitor numbers were slightly up, revenue from admissions was down. Included in the10s5 of £9,893 were window repair costs of £3,359. A donation was received post year end of £3,000 towards these costs and will be recognised in 2025126. Income from shop sales continued to provide essential additional income and talks about Bawdsey Radar proved very popular and an excellent source of additional income. Reserves Policy The Trustees previously agreed that an Operational Reserve of £20k should be built up when possible in case of a major incident not covered by our insurance. It turns out the loss of income caused by the pandemic was one of these incidents. The current level of £20k has been reviewed by the Trust and it was agreed that this will remain at this level for the time being although the Trustees acknowledge this money may be required to meet operation expenditure in the short-term. In addition 3 reserve fund of £50k has been put aside to meet current and future maintenance on the refurbished building and surrounding infrastructure, but every opportunity will be taken to find additional grant support for major works, such as window replacement, to minimise the drain on this reserve. Future strategy The mood in the Trust is buoyant although a shortage in the number of Trustees (in December 2024 the number was five) and volunteers means that there is always a great deal of work to be covered. That the work is covered is due to the keenness, commitment and hard work of all those involved for which the Trustees are very grateful. Although beyond the remit of this report, the trustees can report that they are optimistic about the future and this optimism is borne out by events i is current financial year. Clare Sullivan Joint Chair Peter Wain Joint Chair 15th July 2025
BAWDSEY RADAR TRUST INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS OF THE BAWDSEY RADAR TRUST YEAR ENDED 31 MARCH 2025 I report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 5 to 15. RespIbIlIesaNI bassof reF>X( As the charty trustees of the company (and also its directorsforthe purposes of company law) you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 2LX)6 I'the 2C Ad). Having satisfied Myse thatthe accounts of the company are not required to be audited under Part 16 of tl 2C Act and are eligible for independent examination, I report in respect of my examination of your companrfs accounts as carried out under section 145 of the Chartties Act 2011 ('the 2011 Arfl. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515){b) of the 2011 1ndeNntexaMInesStateM0rt I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givi me (3use to LElieve that in any material respecL" accounting records were not kept in respect of the company as required by section 386 of the 26 2. the accounts do not accord with those records; or 3. the accounts do not complywtth the accounting requirements of section 396 of the 2[ Act other than any requirement that the accounts give a true and fair view which is not a matterconsidered as part of an indeFendent examination. or 4. the accounts have not been prepared in accordan with the methods and prinaples of the ststement of Recommended Practice for accounting and reporting by charities [apICable to charities preparing theiraccounts in accordan with the Financial Rewrting Stsndard applicable in the UK and Republic of Ireland IFRS 102)]. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Beatons Limited Chartered Accountants 7 Three Rivers Business Park Felixstowe Road Foxhall, Ipswich IPIO OBF 15 July 2025 J J Oakley F. C. A
BAWDSEY RADAR TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestrirted Funds Restricted Funds Totsl Funds 2025 Totsl Funds 2024 Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary income Donations and other income Activities for generating funds Merchandise sales Income from charitable activities Grants Investment income 27,688 27.688 24,786 9,568 9,568 10,606 5,971 1,562 1,290 1,290 TOTAL INCOMING RESOURCES 38,546 38.546 42,925 RESOURCES EXPENDED Costs of generating funds.. Charitable Activities Fund Raising and Advertising inc website Merchandise costs 2,585 6,300 5,024 5.006 4.527 5.006 4.527 Charitable activities 25,607 10.810 36.416 52,952 Governance costs 2,490 2.490 1,182 TOTAL RESOURCES EXPENDED 37,630 10,810 48,439 68,043 NET OUTGOING RESOURCES FOR THE THE YEAR / NET EXPENDITURE FOR THE YEAR 917 (10,810) (9.893) {25,1181 Transfers between funds RECONCILIATION OF FUNDS Total funds brought forward 61,898 96,411 158,309 183,427 TOTAL FUNDS CARRIED FORWARD 62,815 85,601 148,416 158,309 The statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities The notes on pages 7 to 15 form part of these financial statements
BAWDSEY RADAR TRUST BALANCE SHEET YEAR ENDED 31 MARCH 2025 Note 2025 2024 FIXED ASSETS Tangible assets 60,443 72,935 CURRENT ASSETS Stock Debtors Cash at bank and in hand 5,804 4,088 84,741 94,633 6,536 9,419 72,989 88,944 CREDITORS: Amounts falling due wlthin one year 10 16,6601 {3,570) NET CURRENT ASSETS 87,973 85,374 TOTAL ASSETS LESS CURRENT LIABILITIES 148,416 158,309 NET ASSETS 148,416 158,309 FUNDS Restricted income funds Unrestricted income funds 12 13 85,601 62,815 96,411 61,898 TOTAL FUNDS 148,416 158,309 For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The trustees acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approve and ar d on their behalf by: byth Directors and Management Board on the 15th July 2025 Clare Sullivan Joint Chair Peter Wain Joint Chair Company registration Number: 06474550 Vanessa Austin Treasurer The notes on pages 7 to 15 form part of these financial Statements
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES General bnformation and basis of preparation The Charity is a Company limited by guarantee and has no share capital. The Charity is incorporated in England and Wales. The address of the registered office is The Transmitter Block, Bawdsey, Woodbridge, Suffolk, IP12 3BA. The company number is 06474550. The nature of the charity's operations and principal activities are to conserve the transmitter block at Bawdsey, create a unique exhibition, educational facility and visitor attraction, to explain how radar was developed, and to record the central role that Bawdsey and radar played in saving our country during the Battle of Britain. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), and the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fair, view and have been departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has invloved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The financial Statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Going Concern The funding model for the charity has changed significantly since the completion of the Lottery project funding and the reduction in visitor numbers following the pandemic. The trustees, staff and volunteers, have been working hard to increase visitor numbers but in reality these are not back to pre-pandemic levels, leaving the Trust drawing on reserves to cover the increased costs. Since the Balance Sheet date the trustees have been working on a Finance Plan to address the shortfall in funds over the coming years and are confident that there are sufficient reserves in place to cover any funding issues whilst the plan is given time to take effect. The trustee5 have therefore considered the level of funds held and the expected level of income and expenditure for the 12 months from the date of authorising these financial statements and consider that the charity will still have sufficient access to cash resources to operate in that period. The trustees therefore have a reasonable expectation that the charity can continue in operation for the next 12 months and it is appropriate to prepare the financial statements on a going-concern b35iS. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Pension costs The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable. Income recognltion All incoming resources are included in the Statement of Financial Activities ISoFA} when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received Expense recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to rnake payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Grants received Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it Is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Fixed assets Tangible fixed a55ets are stated at cost lor deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures and Fittings 25% reducing balance or over the length of the warranty Exhibition equipment 25% reducing balance Land and Buildings are not depreciated Cash and cash equivalents Cash and cash equivalents are basic financial assets and inculde cash in hand, deposits held at call with banks, Other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Provisions Provision5 are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. Debtors and creditors receivable / payable within one year Debtors and creditor5 Wlth no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Stock Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. VOLUNTARY INCOME Unrestricted Funds Restricted Funds Total Funds Total Funds 2025 2024 DONATIONS AND OTHER INCOME Membership subscriptions Donations Talks / Hire Entrance Fees Gift Aid 668 2,869 2,705 19,403 2,043 668 2,869 2,705 19,403 2,043 778 954 1,754 19,333 1,967 27,688 27,688 24,786 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Bank interest receivable 1,290 1.290 1,562
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Gross Salaries and Pension Payroll and Training Repairs, renewals and waste Meeting expenses Travel & subsistence Telephone and Internet Postage, Printing and Stationery Subscriptions Water and Rates Insurance Bank and Credit card charges Professional and consultancy Computer software Sundry Loss on disposal of fixed assets Depreciation 6,242 192 7,202 6,242 192 7,202 25,906 490 4,528 34 956 1,114 121 246 1,080 1,269 214 471 1,080 1,269 214 471 41 3,010 210 694 618 1,009 943 13,222 41 45 2,963 209 3,010 210 694 477 618 1,009 943 2,412 801 195 10,810 14,867 25,607 10,810 36,416 52,952 GOVERNANCE COSTS Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Independent Examination Fee Accounts Preparation Fee 1,890 600 1,890 600 1,182 2,490 2.490 1,182 io-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 NET OUTGOING RESOURCES FOR THE YEAR This is stated after charging: 2025 2024 Depreciation Loss on disposal of fixed assets 13,222 943 14,867 STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2025 2024 Wages and Salaries costs Pension costs 6,044 198 24,970 936 Total 6,242 25,906 Particulars of employees: The average monthly number of employees and full time equivalent {FTEI during the year was as follows: 2025 Number 2025 FTE 2024 Number 2024 FTE The staff costs represent four months of employment in the year ended 31 March 2025, compared to 12 months in the year ended 31 March 2024. No employee received remuneration of more than £60,000 during the year (2024- Nil) During the year the Charity made pension contributions totalling £198 {2024- £936) The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to Nil12024'. Nil} 11-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Land & Buildings Fixtures & Fittings Exhibition Totsl COST At l April 2024 Additions Disposals 21,069 22,779 1,673 314,615 358,463 1,673 (3,9731 13,9731 At 31 March 2025 21,069 24,452 310,642 356,163 DEPRECIATION At l April 2024 Charge for the year Charge on disposals 12,106 2,923 273,422 10,299 (3,030) 285,528 13,222 {3,030) At 31 March 2025 15,029 280,691 295,720 NET BOOK VALUE At 31 March 2025 21,069 9,423 29,951 60,443 At 31 March 2024 21,069 10,673 41,193 72,935 DEBTORS 2025 2024 Trade Debtors Prepayments 2,079 2,009 6,444 2,975 4,088 9,419 10. CREDITORS: Amounts falllng due within one year 2025 2024 Trade Creditors Accruals and deferred income PAYE 2,316 1,080 174 6,660 6,660 3,570 12-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11. DEFERRED INCOME Under l Year Over l Year Total At l April 2024 Additions during the year Released during the year At 31 March 2025 Income has been deferred as income has been received in advance of delivering the services required by that condition, or is subject to unmet conditions. 12. RESTRICTED INCOME FUNDS Balance at 01 Apr 2024 Incoming rescources Outgoing resources Transfer Balance at Between Funds 31 Mar 2025 NLHF Asset Reserve NLHF Blast Wall Reserve NLHF Management Reserve Connections Project 62,252 27,000 3,000 4,159 (10,5551 51,697 27,000 3,000 3,904 (2551 96,411 (10,810) 85,601 NLHF Asset Reserve NLHF Blast Wall Reserve NLHF Management Reserve Connections Project To cover net book value of assets purchased by NHLF Funds To cover future maintenance work on the blast walls To cover future increases in management and maintenance costs To help trace and record the details of those who were based at the Manor between 1936 and 1991 13-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. UNRESTRICTED INCOME FUNDS Balance at 01 Apr 2024 Incoming rescource5 Outgoing resources Transfer Balance at Between Funds 31 Mar 2025 Unrestricted Funds: General Funds 20,898 38.546 136,6301 22,815 Designated funds.. Finance Reserve Maintenance Reserve Windows Project 20,000 20,000 20,000 20,000 {I,0001 41,000 11,000} 40,000 General Funds 61.898 38.546 (37.630) 62,815 General Funds Designated funds.. Finance Reserve Maintenance Reserve Windows Project Free funds of the charity which are not designated for particular To cover unexpected finance costs To cover unexpected maintenance c05t5 To cover the repair costs for windows at the Museum 14. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restricted Fund Unrestricted General Fund Total Fund balances at 31 March 2025 are represented bv: Tangible fixed assets Net Current Assets/Liabilities 54,147 31,454 6,296 56,519 60.443 87,973 Total Funds 85.601 62.815 148.416 15. INDEPENDENT EXAMINERS REMUNERATION The independent examiners remuneration amounts to an independent examination fee of £1,890 {2024: £1,182). 14-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16. TRUSTEES EXPENSES During the year expenses totalling £431 were paid to three trustees (2024: £nil). During the year no remuneration was paid to the trustees. 17. RELATED PARTY TRANSACTIONS The remuneration of key management personnel is as follows . 2025 2024 Aggregate compensation There are no related party transactions during the year12024: Nil) 15-