COMPANY REGISTRATION NUMBER . 06474550 BAWDSEY RADAR TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 CHARITY NUMBER: 1125600
BAWDSEY RADAR TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 CONTENTS PAGE Members of the Board and professional advisers Trustees Annual Report Independent examiner's report to the members SLltement of financial activities Ilncluding income and expenditure account) Balance Sheet Notes to the financial statements 8-16
BAWDSEY RADAR TRUST TRUSTEES AND PROFES510NAL ADVISERS Registered charity name Bawd5ey Radar Trust Charity number 1125600 Company reglstration number 06474550 Principal Address & Reglstered Offlce The Transmitter Block Bawdsey Woodbridge Suffolk IP12 3BA Dlrertor5 Sue Margaret Michell Peter Abery- resigned 15th July 2025 Clare Sullivan Peter Graham Murchie Peter Wain Alan Austin Vanessa Austin Paul Whiting Antony Horton- Signed 9th June 2025 Independent Examlner Beatons Limited Chartered Accountants 7 Three River5 Business Park Felixstowe Road Foxhall Ipswich IPIO OBF
BAWDSEY RADAR TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2026 Objertlves of the Charity The Charity is a Company limited by guararbtee 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 15 to conserve the Transmitter Block at Bawdsey, malntain 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 Charitls activities reflect this. Appolntment 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 selerted trustees conduct final inteNiews. Throughout this year we have been actively working towards recruiting more Trustees and in particular a Treasurer. Our current acting Treasurer and Bookkeeper is keen to return to her more general role as a Trustee as well a5 focussing on her Bookkeeping role. We end the financial year with Vanessa Austin completing her period as Acting Treasurer and we thank her most warmly for all her efforts on behalf of the Trust. Our new Treasurer will take up his role with her support. This year has seen the addition of Paul Whiting, Alan Austin and Vanessa Austin to the board of Trustees, widening the areas of experience and expertise and strengthening our numbers. Tony Horton and Peter Abery have left the board and we thank them for all of thelr efforts on our behalf. Review of Artlvltles and summary of the year We began the year with the ambition of keeping a steady path without large projects to distract us from what we felt was a necessary period of reflection and consolidation. 2025-26 has in fact turned out to be one of our bu5ie5t and most successful year5 to date. The Radar in the Air project skilfully managed by Graham Murchie not only brought many well respected experts to Suffolk bLrt also attracted grant funding that has enabled a number of podcasts on the development and significance of Radar to be made, thanks in large part to our Patron, Geofgy Jamieson. The last in the series will be recoded over the coming months. We regard these podcasts as both an excellent introduction to Radar issues and a valuable marketing tool. Our close relationship with our landlords and neighbours at PGL Bawdsey Manor has resulted in our being able to run tours of the Manor during the winter while the Manor was closed to the public. This has provided an unexpected additional income stream with tours selling out quickly. In addition, Short tours were held during the village fete. again to our financial advantage.
BAWDSEY RADAR TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2026 The lack of refreshment facilities in the vicinity of the museum has also led us to pilot a "pop up" cafe in the Museum garden. This is planned to tontinue as a small income stream and a public service. Our most ambitious projert was the successful application for a grant to tour a play about the development of Radar written by a local author. As well as spreading the story of Radar this enabled US to produce a range of informative pull up banners relating to Radar in the local area which we are now using for promotional purposes at events around Suffolk. In terms of extraordinary expenditure in the year 2025-26, our biggest outlay has been on our concrete renovations for which money was ringfenced within the original Heritage Lottery Fund Grant. Another renovation is due in 8 years time. This year has seen a need for considerable IT investment- inevitable as all our equipment was purchased at the same time. All this has been managed within budget. We have also conducted an extensive review of our fixed assets and updated all records in this area. We have continued to work as a fully volunteer led and run organisation following the departure of our salaried Visitor SeThice5 Manager last year but we are aware that this is putting additional pressure on our existing volunteer5 and so are looking at options for the coming year. In particular we need to recruit more volunteers to add to our excellent team. As a Trust we continue to review our governance procedures and have reviewed all policies and procedures with the aim of tlarifying and streamlining our organisation. All documents are now stored on Teams to whlch all Trustees have access. We have a live Action Plan for the next five years and clear aims and objective5. We have approved a membership scheme but have not yet implemented it. At the end of 2025 the Art Tickets platform was discontinued leaving us without a booking 5y5tem for events. We are currently trialling Ticketsource for our Manor Tours and special events. We continue to market our museum as widely as possible on the minimum of budgets and continue to use free magazines and Facebook as an effective means of publicising Bawdsey Radar Museum. Financial Review At 31 March 2026 the unrestricted funds were £88,850, the restricted funds were £48,705 and funds totalled £137.SS5.
BAWDSEY RADAR TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2026 Reserves Poliry The Trustees previously ogreed that an Operational Reserve of £20k should be built up when p055ible 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 althoLtgh the Trustees acknowledge this money may be required to meet operation expenditure in the short-term. In addition a reserve fund of £23k 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 reseNe. Future Strategy The mood in the Trust 15 buoyant following a very busy and positive year. We have challenge5 to face in the year ahead as there is always a great deal of work to be covered and we need to recruit more volunteers. We are also looking to buy in time from part time flexible hours contrart worker5 to ensure the continued efficient running of the Trust. That the current workload 15 covered as well as it is, is e to the keenness, commitment and hard work of all those involved for which the Trustees are very ateful. Peter Wain Joint Chair 14th July 2026
BAWDSEY RADAR TRUST INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE BAWDSEY RADAR TRUST YEAR ENDED 31 MARCH 2026 I report on the accounts of the company for the year ended 31 March 2026 which are set out on pages 6 to 16. Asthe chaittytrustees of the comparyland also fsd1rect0 forthe purTuesof company lawl you are rest(JnsikAeforthe prepa10ft of theaco)unts in aCcOrdar wrth the requirementsof the Companies Art 2¢X6 Ithe 2C ACVI. Havingsatisfied mysetfthatthe accounts ofthe comparyare rk)t required to be audited unthr Part 16 of the 2(t and are eligible for lndendenteXaMinatlon, I rekljrtin re4)ect of myexamination of yourcomparrfs accounts ascarried OLrt UerSeCtIOn 145 of the Charit5 Act 20111.the 2011 ACVI. In carryingout my eXamInat)n I ha*followedthe Directions given by the Charity Commisson Under5en 14515llbl of the 2011 I have completed myexamination. I confimi that rKJ matters have cometo my attentDn in cOn¢tiOnWIthth exaMinatKJn@Vtr me (2useto telieve that in any material respert.. accounting recordswere N)t kept in reSFertof the company as ruld Lry section 386of the 2QK6 A¢. or 2. the accounts do mtaccord with those records. or 3. the accounts do nOtcompth the accounting requirementsofsection 396ofthe 2C(6Artother than any requlrementthattheacc0untsve a andfairview whidb is not a matterconsidered as partof an independent e¥aminatKJn; or 4. theaccounts have tTh)t been prepared in (ordaewlth the methcth and prirKiples of the ststement of Recommended PraCte for accountirbg arKI reporting by chartties lapplicableto charities preparirEtheir accounts in accordance wth the Financial Reporting Stsndard applicable in the UKand Republicof Ireland IFRS 10211. I hwe ro corKems and havecomeaLTOSS no other matter5 in ConnectWiththe examinationto whith attention drdwn in thls pOrt in orderto enable a proper UntarKI1r oftheaccountsto be d. Beatons Limited Chartered Accountants 7 Three Rivers Business Park Felixstowe Road Foxhall, Ipswich IPIO OBF 14 July 2026 J J Oakley F. C. A
BAWDSEY RADAR TRUST STATEMENTOF FINANCIALACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2026 Unrestricted Funds Restrlrted Funds Total Fund5 2026 Total Funds 2025 Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary income Donations and other income Attivities for generating funds Merchandise sales Income from charitable activities Grants 41,036 41.036 27,688 9,357 9,357 9,568 21,309 21.309 1.012 Investment income 1.012 1,290 TOTAL INCOMING RESOURCES 51,405 21,309 72.714 38.546 RESOURCES EXPENDED Costs of generating funds= Charitable Activities Fund Raising and Advertising inc website Merchandise costs 3.667 3,891 3.667 3.891 5,006 4,527 Charitable activities 15,130 57,407 72,537 36,416 Governance costs 3,480 3,480 2,490 TOTAL RESOURCES EXPENDED 26,168 57.407 83,575 48,439 NET OUTGOING RESOURCES FOR THE THE YEAR/ NET EXPENDITURE FOR THE YEAR 25,237 136,0981 {10,8611 19,8931 Transfers between funds 798 17981 RECONCILIATION OF FUNDS Total lunds brought foiward 62,815 85,601 148,416 158,309 TOTAL FUNDS CARRIED FORWARD 88,850 48,705 137,555 148,416 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 page5 8 to 16 form part of these financial statements
BAWDSEY RADAR TRUST BALANCE SHEET YEAR ENDED 31 MARCH 2026 Note 2026 2025 FIXED ASSETS Tangible assets 51.732 60,443 CURRENT ASSETS Stock Debtor5 Cash at bank and in hand 5,385 2,963 81.043 89,391 5,804 4,088 84.741 94,633 CREDITORS: Amounts falling due within one year io 13,5681 16.6601 NET CURRENT ASSErs 85,823 87,973 TOTAL ASSETS LESS CURRENT LIABILITIES 137,555 148,416 NET ASSETS 137,555 148,416 FUNDS Restricted income funds Unrestricted income funds 12 48,705 88.850 85,601 62,815 13 TOTAL FUNDS 137,555 148,416 For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. Trustee5 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 atknowledges their responsibilities for complying with the requirements of the Act with respert to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wlth the provisions applicable to companies subject to the small companies, regime. Th se InaDcial statements were approved by the Directors and Management Board on the 14 July 2026 are sig ed on their ehalf bv.. Peter Wain Joint Chair Company registration Number.. 06474550 Vanessa Austin Treasurer The notes on pages 8 to 16 form part of these financial statements
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 ACCOLINTING POLICIES General Information and basis of preparation The Charity is a Company limited by guarantee and has no Share capital. The Charity 15 incorporated in England and Wales. The address of the registered office is The Transmitter Block, Bawdsey, Woodbridge, Suffolk, IP12 38A. The company number is 06474550. The nature of the charity's operations and principal artivities are to conserve the tran5fflitter block at 8awdseyi create a unique exhibition, educational facility and visitor attraction, to explain how radar was developed, and to record the central role that 8awdsey 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 financlal 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 IFRS 1021. 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 IAccounts and Reports) Regulatlons 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 2CK15 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 trustees 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 goin8-concern basis. 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 2026 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 agairbst 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 contributlons are written off against profits in the year they are payable. Income recognition All incoming resource5 are included in the Statement of Financial Activitie5 ISOFAI when the charity is legally entitled to the income after any performance condition5 have been met, the amount can be measured reliably and it is probable that the income will be received Expense retO8nition All expenditure is accounted for on an accruals basis and h35 been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliablv. Grants received Income from government and other grants are recogni5ed 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. Flxed assets Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depretiation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a 5VStematic basis over it5 expected useful life as follows- Fixtures and Fitting5 25% reducing balance or over the length of the warranty Exhibition equipment 25% reducing balance Land and Buildings are not depreciated Cash and cash equlvalents Cash and cash equivalents are basic financlal assets and inculde cash in hand, deposit5 held at call with banks, other short-term liquid investments Wlth 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 2026 ACCOUNTING POLICIES Provisions Provisions 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 I payable withln one year Debtors and creditors with 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 Unrestrirted Funds Restrirted Funds Total Funds Total Funds 2026 2025 DONATIONS AND OTHER INCOME Membership subscriptions Donations Talks / Hire Entrance Fees GiftAid 398 3.238 4,556 29,008 3.836 398 3,238 4,556 29,008 3,836 668 2,869 2,705 19,403 2,043 41.036 41,036 27,688 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total Fund5 Total Funds 2026 2025 Bank interest receivable 1,012 1,012 1.290 io-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH Z026 CHARITABLE ACTlVtfiES Unrestricted Funds Restricted Fur¢ds Totsl Funds 2026 Totsl Funds 2025 Gross Salaries and Pension Payroll and Training Repairs, renewals and waste Room hire Travel & subsistence Telephone and Internet Postage, Printing and Stationery Subscriptions Water and Rate5 Insurance 6,242 192 7,202 3,506 190 27,0 30,506 190 476 1,152 273 433 85 3.113 83 476 1,080 1,269 214 471 41 3,010 210 694 618 1,152 273 433 85 3,113 83 Bank and Credit card charges Professional and consultancy Computer software Sundry Radar Victory 80 Play Entertainment Loss on disposal of fixed assets Depreciation 140 1,054 2,311 3,5C(J 1,054 2,311 17,011 351 1,744 10,115 17,011 3SI 180 1,783 1,564 8,332 943 13.222 15,130 57,407 72.537 36,417 GOVERNANCE COSTS Unrestrictetl Funds Restricted Funds Total Fund5 Total Fund$ 2025 2026 Independent Examination Fee Accounts Preparation Fee 2,730 750 2,730 750 1,890 600 3,480 3,480 2,490 li-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 OUTGOING RESOURCES FOR THE YEAR This is stated after charging: 2026 20Z5 Oepreciation Loss on disposal of fixed asset5 10.115 1,744 13,222 943 STAFF COSTS AND EMOLUMENTS Total staff costs were a5 follows: 2026 20Z5 Wages and Salaries costs Pension costs 6.044 198 Total 6,242 Particulars of employees: The average monthly number of employees and full time equivalent (E) during the year was as follows.. 2026 Number 2026 FTE 2025 Number 2025 FTE The staff costs represent four months of employment in the year ended 31 March 2025. No employee received remuneration of more than £60.000 during the year12025 - Nil) During the year the Charity made pension contributions totslling £nil12025- £1981 The number of directors for whom retlrement benefit5 a accruing under defined contribution schemes amounted to Nil12025: Nil) 12-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 TANGIBLE FIXED ASSETS Land & Bulldings Fixture5 & Fittln8S Exhibition Total COST At l April 2025 Additions Disposals 21,069 24,452 3,148 113,0731 310,642 356,163 3,148 121,2351 18,1621 At 31 March 2026 21,069 14,527 302,480 338,076 DEPRECIATION At l April 2025 Charge for the year Charge on disposals 15,029 2.630 112,0521 280,691 7,485 17,4391 295,720 10,115 119,4911 At 31 March 2026 5,607 280,737 286,344 NET BOOK VALUE At 31 March 2026 21,069 8.920 21,743 51,732 At 31 March 2025 21.069 9,423 29,951 60,443 DEBTORS 2026 2025 Trade Debtors Prepayments 1.781 1,182 2.079 2,009 2,963 4,088 10. CREDITORS: Amounts falling due withln one year 2026 2025 Trade Creditors Accruals and deferred income PAYE 3,568 6,660 3,568 6,660 13-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2026 11. DEFERRÉD INCOME Under l Year Over l Year Totsl At l April 2025 Additions (luring the year Released during the year At 31 March 2026 Income has been deferred as income has been received in advance of delivering the services required by that tondition, or is subject to unmet condition5. 12. RESTRICTÉD INCOME FUNDS Balance at 01 Apr2025 Incoming rescouTce5 Outgoing Transfer Balance at resources Between Funds 31 Mar 2026 NLHF Asset Reserve NLHF Blast Wall Reserve NLHF Management Reserve Connections Project Bawdey Radar in the Air Radar Victory 80 Play 51,697 27,000 3,000 3,904 19,4271 127,0001 42,269 3,000 3,435 14691 13,5001 117.011 3,500 17,809 17981 85,601 21.309 157,4071 17981 48,705 NLHF Asset Reserve NLHF Blast Wall Reserve NLHF Management Reserve Connections Project To cover net ljook 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 To cover the costs of producing a serie5 of 10 podcasts telling the story of the development of Airborne Radar in Suffolk A joint grant application to cover the costs of producing a play with Black & White Productions Bawdey Radar in the Air Radar Victory 80 Plav 14-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 13. UNRESTRICTED INCOME FUNDS Balance at 01 Apr 2025 Incoming re5cource5 Outgoing resource5 Transfer Balance èt Between Funds 31 Mar 2026 Unrestricted Funds.. General Funds 22.815 51.405 126,1681 798 48,85g Designated funds.. Finance Reserve Maintenance Reserve 20,OC¥J 20,000 20,000 20,000 40.000 40.000 General Funds 62.815 SI.405 126,1681 798 88,850 General Funds Designated funds.. Finance Reserve Maintenance Reserve Fe funds of the charity which are not designated for a particular purpose. To cover unexpected fiTran c95t5 To cover unexpected maintenantè costs 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS RestrKted Fund Unrestricted General Fund Totèl Fund balances at 31 Marth 20Z6 4r¢ repiesenied by.. Tingible fixed assets Net Current A55etslLiabilities 44.251 4.454 7,481 81,369 51,732 85,823 Total Fund5 48,705 88.850 137.5SS 15. INDEPENDENT EXAMINERS Rf MUNERATION The Independent examiners remuneration amounts to an independent examinatlon fee of El.890 12025.. £1,89JI. 15-
BAWDSEY RADAR TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026 16. TRUSTEES EXPENSES During the year expenses totalling £29 were paid to three trustee512025.. £4311. Durin8 the year no remuneration was paid to the trustees. 17. RELATED PARTY TRANSAcfioNS The remuneration of key management personnel is as follows '. 2026 2025 Aggregate compensation There are no related party transactions during the year12025.. Nil) 16-