Company Regi5trab"on Numw. 04238862 Chanty RÈgistrab"¢)n Number.. 1133396 Centre for Engineering and Manufacturing Excellence Limited Annual Report and Accounts for the year ended 31 December 2025 ceme •AF51EV6Q' 0310712026 COMPANIES HOUSE A07 #47 Centre for Engineering and Manufacturing Excellence Limited Annual Report and Accounts Conlents Chair and Chief Exceculive's c￿tI00k Legal And Administratwe Information Report of the Trustees Statement of Trustees. resp)nsknilities Independent Audrtors, Report Consolidated Stalement of Financial Athii Charity and Group Balance sheets Consolidated Cash Flow Ststemenl Notes to the fIna￿la1 statements 12 13 16 17 18 19 Centre for Engineering and Manufacturing Excellence Linited Chair and Chief Executive's outlook 1. CEME Is in year three of its new and progress¥e strntegy1202>281. and many posrtive slrKles knere rnade duriThJ 2025 year under miew. In order to promole enha￿ ow charitabk objethve5. have continued to explore opportunities and strateg￿ partnetshws in a rapKlly thaThJing. and often Un￿rtaIn, soL¥o- eo)nomic and political envirormeni 2. CEME has submthed a grant apWication of £73M Irom Donor Ad￿Se￿ IDAFI in the USA appltcats'on has been aecepted in prinupk and * have secured a £15M deposrt is req￿￿ed by DFA for a 124nonth perK)d The funds will be used over a period of 10 year5 on varK)us proje¢t$ from Greens Skills Develowen( Sustainable Construction & Retrofitting. Ckan Energy Innov3tlQn5, Economt Grtr￿h & Lcol EntrePre￿UrshiP and sustainab￿ Tran5POrt Solutions. The ￿e￿$￿n$ by the cuThent Administrat*?n in the USA to ￿trIct lunding to overseas Charitab￿ purposes have delayed the process sonificantly and are Still underg)iThJ due dilwjente. 3. CEME s pmfile aThJ ￿puts￿"0n in the k)cal csmmunty beyoTrJ has teen heKJhtened as have wga9ed wilh m4or industrial and academic stakeholders. not kast in the Green Teth arena where have been in5trurnenlal as a 'chan9e make¢ organisation in applying fof swJnth(ani extemal investment fuTraiw. wh￿51 we have continued to hold our Annual Hyyjrogen Surnmit, we are still Ic4Jking lof an anthor tenant to help kYoJress our aspiraiions to attract similar businesses. 4. CEME'S fO￿ard strategy is bord. arnbith?U5 and seeks lo posrtK)n the or9ansation as a oynmunty asset that can tunction as a ¢alalyst for econom￿ ¥￿￿being prosperily. We seek to achieve ¢hi$ thmugh supsx)rting business growth Iparticularfy in G￿n Tech), skilL8 deVelow￿nt and colLab)raimg wih partners to promi)te e¢or#ynr regeneral￿Tr in therne5 that are Important to the le9K￿. 5. We have three rnain StrategK Pw*)ritse5". To be a £>tal>%t for ewnfmt¢ wenerattr)n in the Thame5 Estuaw. To be an a￿lerator for Green Teth cont￿Ut1￿j to Nei Zero." To be a tharyion indus￿8 8vsu￿$S Gro￿ thtrxvjh skhl$ ¢evebF¥rent. 6. Whilst we are now acknowkdged as a valuable 'focalrtator and connectorf wthin the region, the outcomes of Ihese aMb￿.On$ will take time to reach fruition. CEME'$ greatest r*all2nges remain ihe rewirernent lor inve5trnent funding, and recrurting expertise in the orcullar economy, gieen tech skills and innovab"on. 7. As part of oyr commitrnent to swThtirrfJ inno￿l￿)n are partK2Marfy pr{￿￿ of the I￿rk beir%J uTrJertaken by H2CHP. who a￿ devel¢)ping advan￿ modukr puwer generation systems deS￿ne￿ to add￿$$ the growing challenge of eonstrained grKI eapacily. Their f￿e ptslon linear generator, which ts n¢yw being Llemoftstrated in a real miuognd environrnent here at CEME. offers an effioen( ￿Xible Soluti￿ for siies needing felrdble, dispatehab￿ power, wilh hyilrogen playing a central role in enabling (*aner enefgy gereration. Thi5 PToied represents an exating step foward in showcasing practical, nexi generaion enewy tech￿l09Y. ana I forward to strenglhening our colL3boration wth H2CHP as they continue to advance their grwnd-breakn"ThJ *tJrk. 8. Our efft business has been I0￿S1. *ith over 90% ottupancy rates amongst ow tenant o)mmunrty. HO￿￿Ver, in 2025 FO￿ Motor C¢)mpany ￿located its Appwtices. Training lacalrfy to Dunknn. This has kft CEME signffjcant space within our engineering area to re-purp¢)se for new rna￿et opportunthes In aSjrth￿, an anchor tenant, North East London Foundation Trust INELFTI, iThforned us Ihey be ka¥in9 the cèmpus by June 2026. NEL￿ released scrne of Ihe 5Pa early, and as a result we have ¢xealed 24 rEw small olfKes lo meet grwng demand. 9. The LaunchpadlCIC buihYirMJ remains a key enty point for eaty-5tsge businesses. offerirrfJ fle￿b￿ worksp* solutN)ns including Virtual offices, hot desks. fixed desks. and W￿811 offirE unrts. In 2025. delNered targeted growth across this se9ment, securing 4 Small new Offi￿ occupie￿. 16 wrbJal Offi￿ dients. and 4 &*Jth)nal desk-based kencEs. reflecting Sustained demand lexIb￿ and rxisl*ff￿nt *YJrkspace solulions. 10. CEME ujrrently supports 60+ virtual busY*sses. ueats"rwJ a strong ￿peline of fulure Cr￿piers. Through a structured progressvjn model, businesses tran￿tiOn frorn virtual tenancy into physical wTh*space as they driving occupan¢y. tention. and K)ng-tem) ￿ven￿ gro*Ah. Ths Fty)5ibons Ihe Launchpad as a commerc4al fvnnel lor bu5ines5 grohvth, not just an entry-level product, enatling CEME to ¢aptuR. *Jevelop. and retain b&￿TresseS ￿1th￿ ￿ ec05yStern. 11. CEME'S Bugness Grovrth Academy IBGAI with over l.W rnemters has tecthme recognised as an established and flourishing initiative for ￿zMing and bugness 9rth￿h aThJ de¥ek)￿enI. Mi our BGA adNil*s are tree ai the point of delnfery, and we 90% of the ￿S1$ from our o)re bud9et. This Far CEME focwed on cxeating 5peaal inteve5t groups. One targeted wornen u) business and another largeted Youngerenl￿preneU(S frrm dk*advantage5 communities. 12. This year CEME engaged Mic*ledore an economics cortsuttancy to undertake an ind￿Th￿￿t ￿V*W and audit of our so(ial irnpacl acr05S the campus We ath*ved 6￿￿* ter*ant engagernent The new data independenuy ￿searCheb¥k1 Rajeev Ver London BOro￿tt of Havering Ford Pkntorcompany Ftsrd Vtstor CL￿panY SECRETARY Mithael Wood REGISTEftEO ANO PRINCIPAL OFFICE CEME Campus Marsh Way Rainham. E8S8X RM138EU COMPANY NUMeER ¢4238862 (Eng￿nd and Wak$l CHARITY REGISTRATION NUMBER 1133396 (England and Wales) AUDITORS HaysMa¢ LLP 10 aueen Street Pkce London EC4R 1AG BANKERS Bardays Bathk Pl 1 Churthill Place London E14 SHP SOLfciTORS Fotsters LLP 31 Hill street Londo W1J 5LS Centre for Engln••ring and IAanufa¢lurin9 Excelleneè Limited 1. Report ofth• Trustees the Charity'5 Owects5 r*¥¢at48 c*mp*y. $¢kns ofthe Charitye5 2011 Ihe Ihp Fin￿?4 Sui￿nIs tr the y8*r. I Chartsble Ol¥•¢ s¥Kted atE8s of So0￿ ￿Tr3rr￿ Wv3ticffj In Ihe H*rthèts. H**w. N•4fiam. Gre￿*￿h. Bexky. ea￿n9 & 3. R•vlv* of Stratsoi¢Ain8 athd ObiÈ¢tivt $kirns aNI aroreniiceshp DpwrtUn￿es d2vebrmenL 4. CEAIE Values: Injpiring. InGIu5ive. Innovabve. Honest We 4MlI t¢ k*￿*t0 We wll be IrKI￿ve iegar(les50fth) Ihvl •p.' We ¥*ill te Inno¥ati¥e. ￿r&r9 thatwl chal¥jethe￿j Iw. CEME ha$ and to * as a cat*5t r¢9ewatV￿. to ￿ an •xthf8W tr GreEn to ccffiti￿ to th3rnp￿n bu5intss grtr¥4th We tsve athxrted w vakes dnve teh￿￿1$ ￿ *b￿. d2%9red to F¥)5itsDn CEME to bè CEME is rn￿e Irw w ¥iwrattrfd envvrX¢T￿l ts bm55 wvj li is a dyrwrmc COThtriW 10 ￿￿r*S6 INj51ne￿e5 based at CEME lo grrywfaster than Ihe nai￿n￿ a¥w TheCrea￿d￿ Bwess Grwth knjemy (BCAI has frJrth2rdevehJFed dunng the r. 1500 Pwbopants t￿efitiN4 frw fv *J￿j CEKE w pO¥￿tts 5tart4Kts antl inrovaiive t¥Jgr*sses. awan￿•t1￿5•rnI Gr¢¢nTeth ini￿ti￿ trt ev(IvuYJ •Wgy eoxystem. CEME'S bu&ne>8 has suth>sfLI in attr**w a mm Asy51gJ Ftsid from USA A of £15M is wJired and a IL*n faolity has ￿r￿d Bardays ￿. Hth￿1?￿. the Iss￿ USMO has ddayed L*wJsgons w the t2Tms of 9ranl (tieCbve$ Sw*e its ¥K*piYJn In 2003. CEME haScCffjbr￿d todetréer a pC&theecOr￿ffl￿ Ea51 L￿thI aTrJ Itt ￿ Th*me5 E5tvw area. We bring tO3elhtt ern￿￿er5. edurAtrA5. th114 ¢¥gaTh$*￿$ Fl a 8￿j *tyve way, O¥Nering laster and ambibw5 bu$￿e$S 9ro*th, ur￿l￿r￿j aruj Ot Ithxl $18k#xknS ChJr tsyrwi25 tc+ 9ro* f•ster. cx) and off the t￿￿U8. fts Ea8t L(*K*)n Camwts CEME nosts a ￿ty801 de￿￿￿". T￿nIfig for wt4c s Centre for Englneering and Ikinufaclurlry Excèllerte Lknitsd l. Roport ofth• TnNtee5 O. Public Benefit The Tru%t*s ￿ffirM. in thÈ th• Thse the **le twfft ta5t4 ar¥J Ihat of ¢he Cwty. dvxnted in 11¥5 rewt 5FeLIfiG *m% are 7. %*That CEME do CEME 315D op8pMsan C•*e aThJ 8 (p the caTWS luTrJw 8lpas¢pro¥*l&J ty Ihe GLAI. $Yov￿ hgh. CEME to provpJe tntte 0J5tcqr*￿￿h a 5h*kn surr#X *Y•J¥ty. 41 ot ¥teW8bW gro￿. the year, ￿rclay5 Bank eststyl￿ one ef it5'Ea#2 H￿s, at tre I￿e •Jvw2and gL￿J¥￿e to CEME hè The Launctroad Cwtre Is al wybrwj 5tsrt-UKE aryj ¥wy owty.tsw Ths offer Lty*tr￿n9. hoi dÈsk, Our fflix ol priv8te W'c 8e(*LY ser¥es to an r•Jtsts￿jirlj Offer far Ihe CEME w￿r￿S *ilh a range of g)IwLs. Futhpr EduLalwJn ColeJ25 ar¥J Utwstss kn a v¥ty irf ¥Ays al cyptyth"t*¥ ct CEME seThes Cdlege {UTC) in patts)ershp TrA41h u￿￿ty Cd*ge ILUI Fwd ￿rk exFwoic¢ 8nd r￿ar￿nents every ￿. In 8d¢*lw to the 1(Kl plus b￿1r￿sseS cwatityg ty) c￿. a dewes regLdwty traThNJ 8winws tha Eveni SI￿¢8 as part ofow PA*rw &oAlh*£>Juny. . Achi?vements •nd performi￿¢* Aim I: Provide ¢d￿atron. tY•lnln9 •nd rtstr￿i￿j1jPptytu￿Ities èN4Ytrnnce rAans have now devewd ￿ that 8¢ 10 tewer Sl* LS4 Ls partoA*ty ath¥e In ywoing ie•chry c4reer Imning hgh qualty wnpty￿nI oppjknths cre lo IhE unempbyed Apprethticosh CEME is hjrne to Ihe Fud CoMp￿V ￿l￿)r9 4VWIK* IFAPI, 8thr very wxYJsfvJl As rn8nD(￿￿ *x)ve. Ihk4 eTrJ in s￿￿nter 2025￿j in Flxeto lh2 spxe tr the benefitof the local thrnmunrty. Tethnital TtsiThln9 During the year CEME tsted a Mwje aTh* da55TC¢Yts Mlt•AlrwJ IntW3tsJ Manufa#uri Ski115. murtiskilhw 14eckn¢al for metro1￿4"*Y e￿1￿). r(Kth*s, ?￿lf¥), mrammètle logic Centre lor Englne•rlng and Manufacturiry ExcÈllÈnce Limited 1. R*port oltht Tnvdtee8 Alrn 2.. ￿1P ur*mplryed poopleflr¥l emplwfflv ernkloyrnenl 3CDVltie5 Alrn 3.. Provide SUPKtrttr• 1X￿Ing$S•S¥fr1￿* bt kats totrainingan¢•hp1¢y￿nert OP￿rt￿n￿$10r unofflployed peoplè. support servte$ 1$ wowded to supwixceb2raled grr￿1h 0￿￿9 21)25. the Cenwe conbnL*O to >iiai f￿￿￿￿$se5 offre SP￿ 1•k￿l trxsniess svpwt to over SO Vit￿ offtL*s. kot-¢*5kit¥J. smal £rffi￿ ¥•ce5 In a)25. wp smal tsfyres5&5. athJed 16 ￿rtl4%1 oIfic* di*its, Alrn 4.. PIry￿1￿ land and bullthngs on lavouvable tqffi￿ to I￿￿￿￿5$* In wd¢r tri ¢ro•19 voiNr4 aNI •mploymort OPPDrtunilips lor l￿￿￿OYed wople O suppL¥t a sMnpl&'U* [¥1￿ see is the >vu *ari4y I￿1￿$￿$ an ¥If(*ts￿￿ and risk ng ¢ust¢nw ￿t￿￿. intrudLK¥J ￿ 2025 LLK&v¥J ￿￿￿j. VR are Flar￿ smallw office spa¢*s, InnD¥ati¥e enlerpnses in ￿ kxal areA . Foi trw$nsws th•iare ￿ ya r• tr a 0￿8. CEME cifws t￿?￿. seryL*. ThL% yovkle5 COW*S %%ith a rKOfeSs￿ kxal rnioTrbugnes5es, them t¢ e51at4ish a creoltle tr•J5*7e55 CEME is to ￿ 60 virtu￿ bJ￿r￿SSes, 9. CEME FUTiIRe STRAIEGY Durirg 2025. CEME de¥4(￿ ffs sir*gy for a r¥%J8 cl arwj aL*rriE p￿t￿5 arrty￿rg for extem Ing, In￿on9 tsd$ relat￿ 10 8 nydrt4* Carr￿ry ￿ pwthership *ith the Urivttsity of Bnffid. W? are WXvety ￿ OIsCJJss￿ *4th the Ll E35t LL¥xkn to ￿￿atr￿ate Ind￿lir4 tts of Irwb8trY lor Start. up nesse5 DIS￿ss￿n5 have Thames FreerK*t to expkye CEME can WA a5 a In vmder Tharn25 Eswary inc£4￿t￿8￿I￿11h p>trers. Ths has Kwf* Ir*i•Jla CEME's'G8le• to S￿IL%. 2025. 1.((#) stLthnts comirg on ramrus to lewn STEM meei the 0f￿r 10. SIALIC7UAE, GOVERNANeEAPaJ lAANAGEAlE￿r A￿03￿0n 8fvJ the Ch*ities SORP FRS102 Centre for ErvJineerirvJ and Marthuunng Excellw itrathYJ as CEMV as a ¢4)npaty Wnited by g￿antee (wistrath?n nwnter 0423886218rvJ Is its Of As¥rt4tro CE￿ *35 r?)￿tered 35 3 chanty I￿gistra￿￿1 11333961 in CEME Enkiw5e Limtsd. a reg￿red ccffiwy {ThJnter T115￿) Z)10 85 8 4*￿lY{l1￿￿J subsid1￿ of CEME Lifflited maje train9on 31tknts 2021 Thethanty had M hTr*•>rg re9￿￿j L4*s162A￿lÉChWth8S￿￿ XJI1. Centre for Englneerlng and &lanufacturlng Excellerte Limlled 1. Report oftho Tru5t••5 11. Board olTn The 80*0 olTmstees. are *so r*i&*ys ofts ￿ fry fv pxroses (dthe ACL ha¥e over*1 fty the dIrttb￿. o (hE reKrfes8ntsfve diredu nCrn￿at¢￿ by Ftyd MotQT CunrAr o One represeDtstive dirthr noninat*J Irthv a Ne* Cc4*ge Fwtrer and Hiuh EttLrab￿ and Barkry Ce4* ieoci. LW thwrsLKWX¥ W. o One direaN romated Uy tr* LoThJ)n Iv)nal dir￿19 aFyinieJ by the sr**¢wti5e On& r1)n•e￿bbE￿￿WIO3r1as Ctsim rnwEhen*ve briefiry *ith Extstive a srte in to a rnmber of inthatNes ar￿1 In and aTrline an¢ ddiverojr straegc goas apr1￿￿ CCnSWtty ty￿￿. We ￿ to f*r ￿ t)￿E￿Il￿ve￿ ￿￿.(Dr.￿L￿ g)vernan￿ vthhin tr* Tr￿meS din6s rnethr¥Js and Sabsw th91 the Cwty ap￿leS tl 12. Pa￿e$ CEME opeiate5 a Sub￿ CEME E￿￿)86 Lfflrt￿. tr1$ is a (t*Mn￿o* tr￿t Ccfifererte C*ntre siness and W¢e is a related party ta Ihe ICEME ￿￿rted1. TIMS *35 Trjl tradw *Dm the 31st DeC￿r 20YJ du2 to a CEME 15 under the of FMJ P*Jtor c￿￿y. ol Hwrg. trL9vvirg Cc4ege Lrf Fufv EthJr*KW Ift￿¥ a CEME. a ft*rrkntrolCEME ￿￿￿•)1¥ CEME as The Gre*r LoThYc• As8•W IGIA) rwbio CEME oi *thrh CEME Cwrtre Sited cfi 8 12&ye8r *8se * a FeFWtam rent. It also ￿ase5 ts InTrJvaiTh c￿ C￿ a 12￿￿ *a5e * a fert. ThE ￿L¥￿8* freeith* d ihe the FO￿ Mrlor Corrwarry. Contre for Engineerin9 and Manufactiwing Excellence Umited 1. Report olthe Trustees 13. FINANCIAL ieviEW Twadiry Perfowmance CEME'5 is frcqn th•pEd af the CEME a fijty l&ithiro en￿￿M￿)I CEME wernte5 a number ol on its Fark. the man thai skils aid edurati￿ and office £4,615,865 and a￿Lthd IOSS is £407.988 kJ55 Ir4￿je5 a of £926.48?) Prior year rov￿ VA5 £4,643,608 Jjusted loBsof£14.490I￿ ksss W￿L￿*sa of£868.9951. R•ser¥95 Policy Toial fun(P& hekl at 31 c*(*n**r2025 kn£21.359.598 nwje tyAof£12.714.5TI fiJndS £8.645.021 uNegtrictsY Resvicied In¢tyr¢ Fvnts of re£*wJ re**xed rwry¥)ses {ftdl k8t of 93nls L% in 21 of the acccAthits} and anYMitedtoE12.714.577 at 31 2025. C4¥ia sy¥ts *t ￿lIts theacqLMSth￿ of1w￿r￿j MLripM￿l .blkning 3 lime falsto zero. M•K)tsin ¥ of wwves In a The Trvsiees bdie¥8 il is re¢ess¥y 1¢ W ￿erveS Lwestrthj &x1wrfrtwe*4L￿yVJ to £629Kal 31 December20￿ The AttlE 51Ret date. IIE Gw l*ld uYe51tvAeJ £&645.￿21 retuwrert ha￿ltieS of £251,gJ312024' £162.2611". the cash Cornwr￿n1 r& Èl.4￿.57? Free re5erve5 are carAA*d a5 L￿re5t￿ fiThls kn raigth fixed &)¥r* kn Wlure ffiied assets arm) te￿r5 depo￿ts. At trÈ Balartt d*, CEME free reswves of£l.220k CEME nas wepaTEd a 12nvJnttsfrKecastw)th detaleAJ Grrfng Concern CEME has 4dwer￿¥ 8 strory fin8rKial and nw* an ¥8rt 10 2026 tré by a ￿ NHS to v*4te in June 2026 &ve8entsa $wftyii risk rfir* S￿ $ not re*t The ydenl sp* ￿tinUeS1o Flay a ￿r role in CEME'S ell pJ*tioned lo attrxt DJStome15 seeknw trigh￿lty trAAness space Al E&%i LoTrkn. *ith 8¢t8$5 5ewre eDVKLwWr￿Trt. FJWXn. 10 Centre for Englneering and Manuf¥cturln9 Ex¢ellen¢¢ Lirnit•d l. Report of th• Trustees 14. Rlsk h14￿9•M￿t and Int¢rnal c￿￿[01 The T￿Stee5 have ovets4 fr* ewrvj ts the r¥wate5an systern cltrJhtro&. fv￿r￿1 and 01￿m$e. SLKh nKinit￿rWa. This i% acheNed Ihw." CEME'S syskns ol LWtt(d. ti5k rwenwi rXArythaI￿e mÉstatement ￿ k6* They Vid￿e. o Fiv&ye8r plan and cash fky* trAeca5t knnual I￿￿nEsS plan. bLKJgei cath Il￿fiXec2S1 o Regular ojnsiderabon by ts TW5t￿ Of¥A￿ iesuls t>Yfwr•Yx4h IxO301& Cash restywes kn14s Sewega￿n ofdube5 o Idenuficatw of. ￿ managwnertot. r Rellu￿r tevthoffirw￿Ja ￿¥¢￿threS. Trustees, in mnefshp ¥Mth Ihe feary Flay a key IA e¥aiL4bf*) of nwor risks to h CEME Is CEME rtthst nsk maThw￿l 8ThJ mrI￿rI4 to a￿st in Ih2 5tralegK and operat￿Tr M￿￿ern￿t of ts Organisat￿. The ris*5 are rrKr¥tcKed Ihwh a r¢k ￿£1$¢¥ ltst is ba*$. The nsk reui5ter loo*s at risks ano a>sess8s ts inw CEME based cn the Strat*j￿, ope[*0￿. 11 also anal￿$, Irdudiro ai a5se55rnent of T￿￿. do matenvjise. provbyes key nsks avj the ltri•t a￿ uThYertaken to man¥ the nsts CEME a150 mwtaffj5 a ILdl n5k wLster Ihat id2Dtif*s thè risks. new and dien Ir*ddeAtsthatAWf sevJrlty. fr4￿d ￿dm￿l￿￿penditure. of the tharrtabk ctywany and 9roup for Ihai period. In preparing these financ￿ slaternen15, Ihe Trustees are required to.. Setect 5Uitabl? accounting p)1￿5 and then appty con5i5t8nty,' obseNe the melhods princw*s m Ihe Charit*s SORP IFRS1021: rnake judgrrents ancl e5tsrnate5 Ihat 3r• rva50nabl• 3ndpFudent". State whether aPpl￿b￿ UK accountiThJ standard$ have been folb?￿. any materi81 departu￿$ disdosed and explained in the financial slalerrents, prepare th8 finanoal state￿￿￿ts gtyrwj concem il ts inaFyropriate to presu￿￿ that the charitable c(ryany will Continue in business The Trustees a￿ ￿sponsi￿e for keepin9 adequate a¢¢ounting re¢or￿ThJItU1e. for the s*arb)en ended." . have been property pr8par8d in acCOrd•K¥￿11h Unit•d KiThJdcffl Gener¥tyA¢c8PtodAc£•unlw)g PraL2Ke.' and . ha¥È been ptypared il accordancewth the iequirements Of￿ Compan*sAa2W6. BMIS lor oplnlon We conducied our 8ud# kn 8c¢wdanc* With InterTh*m￿l StsTrJards w Aty*ting (UK) (ISA5 (UKII and applir¥ble Iw*. Our reSp￿S•bil￿￿S under thotse stsndards are fijrthet des¢￿￿￿0 in the A￿*torS ¥eSp0n>knl￿es for the athlit of Ihe finanaal State￿nts sethon of our report We 8re 1Trlependenl ol the grw In ac£ordarKe the eth￿al rpquirement5 Ihal are to our audit of Ihe f*ianrial statempnts In the UK. including the FRC'S Eth￿1 Standard. and we ha* frjfiled OLW other ethical ￿Spon￿b￿lI￿S in accordance with these requirements. We bel￿1* that the audrtevklence we ha* obtained is 5uifMxnl aTrJ apwopriate 10 prO￿Je a ba515 for our opMion. Con¢*t81on8 rolathg ¢0 golng ¢onurn In auditing the financial s￿terr￿11ts. we ha%* conc&*led •wl tyustye's w ol ts govy b4515 of ac0)ur￿l¥J in the prepara*" of ihe finaDc4al sla￿MentS is approptiats. B8sed on Ihe 4¥e have pertomied. we have rK)t klentiFed any material un￿rtaI￿S rdaliry to or that. indi¥hlualty oi coIIEthwely. may easl $vJnificani doubl on Ihe tharitable u)mpanY$ or Ihe group's abqty to c4nknue a$ a goirvJ conr£m for a p2rK)d of 81 least ￿1ve rnonihs from when Ihe financial siateTrents are authofised forissue. responsibiltie5 aThJ the re5pon5*ihli25 of IhE trustees with respEd to cor￿eM are Oesutsed in the ￿leY{nI seL*cns ol this report. othor inform*lon The trustses are re$ponsible for Ihe olher in10￿Tra￿n o)ntsined within Ihe annual leport The Olher comprise$ the infonnaiion tncjuded In the annual report. alher than Ihe finants81 siarements ana oura￿lit￿$ report thereon. Our opwiw)n on the T￿3￿0*1 stakmenis doe$ noi coutr Olher informatiw and. except to thrI￿se typlirily slated in reporn. we do-NJl Bxprts$ any lom) of assurarte conclu$ir*n thErton. 13 Centre for Engineering and Manufa¢tuiing Excellence Limited IndependentAuditors' Report In rA)nneclion wilh ow awjil of the fin8ndal siaiemerts. our fe5pons**lty is io r￿• olher Infoftna*M and. In dokig so, con$ider whether the infornation with the finan(>al $tstements or our knowlEdge obtained in the audit or 01he￿iSe appears to be materially missiaied. 11 v4e Kyenbfy such Ma￿al ￿¢0￿$￿e￿L*s or appartrrt material missialements. we are required lo detetmine whether Iherp is a m8trFial mts5ra*ment in the fir4noal a maienal ftwsstaknn*& of the Dther information. ff. based ￿ the wort v•B have Perfo￿ed. we conc￿le Ihat is a rnalerial mtststh*meni of this olher we a￿ TeqJired to report ihai fact. Wè rthiry to report In thls R9arf. Oplnlons OD other matbrn prn¥¢Ylbed by th• C•mp•ni•6 2006 In our opinion based cn ￿ wotk ￿dertaken in the tyJu￿e of Lwr a￿Jrt . The infom8bon ITh the repNt ollhe tnjstees the repon prwred ftythe pu￿0*e$ ulcompany lawl lor th¢ finanti4 >tar forwhth fmano* stateme￿5 are yepared c￿5￿518￿￿7th fv fmanu•l statements". and . th8 ithwtors. report lir1￿je￿ I￿$￿e$. iep¢yi ha* been wep¥ed in a¢{tyéan￿Mith applicab￿ IEgal rg4uYements. Mattern on which ar• requirnd to rnport by•xreptThb In the light of tht knowledgt and undeniaTrYir¥J ol the chartabbE oThpany aTrJ ts en4irwrneTht otytsined m Ihe course of the audit. haye noi vJent￿d ma￿￿al M￿s￿￿ments *) the weportof the ttusiee5 (wlKh rKotPLYate5 the strategiE rEportand the direaors. 18porti. WE have rhlthir¥J to report in rEspect oflhe (altr￿Try maltws ￿ r•l4tion the Ctynpan*s kt ￿ requtres us ty re￿ to you If. in owtspmiion" adequate and ￿0P21 acivuntin9 record5 haNE nolbeen kept". or e financial 5tatefflents are not iri ayreefflent *ilh the acco￿￿ and r￿m5.. Certain disdDSwes of bustees. remunerab.on spea￿ by ￿ are nol made. or we have noi rec*ryed al Ihe and eW•n8tionswe loTtyjr￿o￿ Ihe trustses wei¥ Mi enbued 10 Pt*p*e finanL¥al sk*me•ts wilh tr* smaii LyJfflpanRs' fegime 4n¢ tske advantage of sm811 unwan*s' exeftwtrth￿ in prop8rwwJ tr*trus*es' lew1 aThJ from wu*émentto prepare J strategic report. R•spons*i&ti•s of lvust••s As expl8Aied more fvlly in Wv4*s' iesptyithihbès Stat•))erf sei on p8ge 14. tt* trusieES are abD the directors DI IhE charitable company for Ihe pu￿05eS ofcoTrpanylaw) are ￿spOnSib* r(K the p￿parat￿)n of the fm8no* *a*ments and for bein9 sattsfied that they give a trL* and faw wew. ano lor such inteFnal control a5 Ihe Iruslees determine Ks rE￿$•ry fv en8bk8 ts prep8raiion of ffi￿ancA￿ statements Ihal are free f¥om malerial mwlatem2rtwhelher due lo or error. In preparing the finanoal $lalements. th• resp¢n$1bl8 assvssiThJ Ihe (haritswe C•Mpan￿$ ability to CDntinU2 as a going concern. disd051rvJ. a5 applicatye. matters we￿Ie{l to griThJ ¢￿￿ern u*ng gr*ThJ ¢tyl￿rn basts of accouni¥io unless th? trustees Int¢nd lo ¢hg tharilablp ￿PanY0rt￿ C44*¢ QFWaW￿. or ha%* r• rBalsty"G 4tternati%t bLAlO do 80. 14 n¥prwlblltlqs forth• audlt oflh• lknanGl*l Our obiectt¥es are to Obl8￿ ￿asona￿e a$swa￿t abo￿ W￿¢her the fv)ano81 sialement5 as a are free fvoTr m8ten81 M￿5￿teMen1, wntrlher due lo fr8ud or error, and 10 ISS￿ an aLKIWs reprxl thai wY*Jde$ ow airinbjn Reasonable assurance 1$ a h￿h level ol assurance. bul is noi a guarantse iThat an 8￿Jit O)Thlucted Al accordance with IS4s IiIKI ￿11 a￿ayS delecl a material mi$stslement when it $ts. Misstatsments can arise frofft fraud or error and affe oysAJereo maieri¥ rf. indNkYualty u in the aggregate. Ihey could reasonably b2 expected ¢0 infiueno Ihe e¢ortorrMc deL?sv)ns olusers tsken w thE ￿ls￿l￿eSe fffianrial st8ten%nts lffeguthnti￿, Induth'ng fra￿J. a￿ in5tsnt*s ol nonr the Year Ended 31 De¢ern￿r 2025 202S 2024 Cash Ilow from operating activities: Net cash lu$ed inllprovided by operating •ctivities Cash flow from investing activities Dividends, inlerest and rents from investments Purchase of propety, plant and equipment Proceeds from sale of plant and equipment Net cash provided by lused inl investing •¢tivities 4C(1,1 S6 718.120 55.519 1366.9171 2.320 86.438 8,868 11.237,9141 512,061 Cash flows from financing activities: Repayment of borrowing Finance ￿aSe Interest paKI C85h inflows from new borrowing Net cash provided by financing activities 86,984 1145.wl 269.046 210.066 {295,9031 {147,8201 765.082 321.359 Change In cash and cash equivalenls in reporting period 296.504 {190,7021 Cash and cash equlvalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 1.2fy).¢X8 1.390.770 1.496.572 1.200.068 2025 2024 Note 1: Reconciliation of net lexpenditurn) to net &ish flow frorn operating activities Net lexpenditurel lor the reporting period las per the statement of financial activities} Adjustments for.. Depreciation and amortisation charges Finance lease Inleosl paKJ Dividends, inlefesl and rents fr(m investsments L055 on the sale of fixed assets Decrease in debltys IDe¢reasey Increase in c￿ltorS Net cash provided by operating activities 1407.988 114.4901 942.370 145.964 154.445 12.3201 186.1%2 137.363 400.156 868.995 147,820 (8.8681 1.135 192.5181 183.954 718.120 18 Centro for Enginooring and Manufa¢turlng Ex¢ellence Limited Notes to tho financial statements for thè y•ar •nded 31 O*¢ember 2025 1. CHARITY INFORMATION CEME is a cornpany limited by guarantee Iregistered nL4nÈer 042388621 which is Inco￿OI31e{I a￿1 domiciled in England It is a150 registered as a chanty thè Charity Commission {registe￿￿ numter 11333961. The add￿$$ ol reg￿tered offKe is CEME Carnpus. Marsh Way. Rainham. Essèx RM13 8EU. I ACCOUNTING POUCIES 8aslc of accouniiny The accounts lfinanual statements) have b8•n prnp*ed under the hi8toriGIl cost convention in aCc￿￿an￿ ￿1th the Charities SORP IFRS10218pplicable to charityes preparing their accouThts in accordance wih tho Finanoal Reporting Standar¢J app￿"¢able in the UK and Republic of Ireland and the Companie5 Act 2(K6 * UK Generally AC￿pted Pra¢bce as it applie5 from 1 January 2015. CEME Limited meets the definib￿ of a pulJi¢ ￿effi1 entity under FRS 102. Assets and liabiliti85 arB initial￿Y recognised at historical cost ￿ transacbon value unkss otr*Thbise staknj in Ihe rdevanl accounb"ThJ poliLy notelsl. The FinarKial statements of CEME Limrted and its sub$KJiary rxjmpany a￿ consolidated, on a line-by-line basis. to produce the Group finantial ststements. The consolidatsd enbty is referred to as'the Group,. In accordance wth seth.on 408 of the Companies Act 2[X￿. no indivi(￿1 statement of financial Activitie5 has been presented forth• parent ￿rnpany, Centre lor ErvJin8erirKJ and ManufacturiThJ E￿ller￿ Limrted Pr•parntion of Accounts on a Golng c•rrt•m basis After making apprcpnate inquirie5, tru5tee5 hav8 a r•asonab* expe¢tslion Ihat CEME has adequate resources l$trong cash balances) to contsnue its operabonal eX￿ter￿e for I0￿Seeable Yutur8 in the casts ol any dec11r￿ in demands. Vve believe tha¢ there are no matenal unrErtainties that casts doubl over CEME'S ability to continue in operaiim. The accounts ha* therefo￿ been wepared ￿ lh& basis that CEME sabsfies the grmng concem as$urnpts"on. W• ha￿ 581 out ill th• Trustees Report a of fr￿ncIal perforMar￿?. the charty's re5erve5 position and the management actions. We beI￿ve Ihat we have adequate finanoal resourcE5 3THI are well pla¢•d to managè these economic risks. Our immediate planning pror25s. induding finanaal proJecbon$. has taken into con5ideratson the ¢urr?nt economic dimate and uncertainty an(J its potenb.al impaci on the various sour￿9 of inwie and planned eypenditure. The directors, having considered G8sh Itows. income stream$ and a￿laIN)n5 b￿119￿￿ that CEME ha$ ad8qLtat8 resources to continue in opefational èxstènce for the fornseeable futu￿. The accounts ha¥e thèrelore prepared on the basis thal the charity is a going ￿nCern basi5. Functioftal and Presentstion currency The fvncb.onal currency of CEME Lirnited and its subsMthary rs conswJ•rnd to be pound51 £ I skding because that 15 th9 CUr￿neY of the prirnary econorn¢ environment in the tharity19rth4p c¢Yates. 'The consolNlated financial staternents are also presented in pound5 Sterling. 19 Centre for Engineering and Manufacturlng Excellence Limited MOTES TO THE FINANCIAL STATEMENTS cOn￿nue￿ Ineom• InC￿e for SkilL8 & Educab'on bLLsiress SUFWt. Accommctyjabon aTrJ Relalewted uselul lrfe of the related fixed assèts. The estimates aThJ underfwn9 assurnpbons are an ortgoing ba*s. Re￿5￿5 to accountiThJ èstimates are Cognised in the period in whKh the estirnate Is remsed if Ihe reWs￿n affects only that period. or in the period ol the rewi510n and tuiure period5 if the reVis￿n affects both current and future Feri¢>Js. Flnan¢lal In3trurnents CEME Limiled has financial a$sels and financial thabtliti'es of a ￿'r￿ that qualify as tsa5￿ finarKial instruments. Ba5IC ' finanoal instruments are inib.ally recognised at transactM)n value aThJ subsequently measured at amortised cost using the effective intere51 method. Finanoal assets hekj at am0￿se￿ cosl cimmprtse cash and bank and in hand. together with trade and 0th8r debtors èxdudingprepayments. Finan￿1 lia￿"1￿.es hebj at amortised cost CLJmp(ise overdrafts. trade and .other cxeth'tors. 20 Centre for Engineering and Manufacturing Excellence Limited NOTES TO THE FINANCIAL STATEAIENTS ¢oTrtinued Exp•nditur• All expenditu￿ is occounled ts on art basis and has been dassi￿d under heajings that aggr•9ate all costs rekted to Ihat category. Where costs cannot be ￿l￿dY attn"buted to p8￿CUlar heading5 thèy habe been allocated to activitigs ￿ a basis cons1Stent wth use of re50urc8s The majority ol overheads ha￿ teen appytiwd orn ths bass of headcount becausè that is the rnain driver of costs in Ihe char CEME initially hdentifies thè costs of rts swJw1 functions. It then Klenbfies 9)sts %thich relate to th• gownan function. Hawng Idenbfied its 9overnan￿ costs. the rémaining support costs togèthef *ith the gOVwnan￿ c4sts are apporl￿rbed btheen raising luNts and thè thantable acliwbes uThJertaken {see note 81 in Ihe year. Governancè costs are o)sts assocAated thth the strategiG as oppJ5ed to day to tlay marwgement of the chantys activities. TAMGI8LE AsseTS AND DEPRECIATION Fixed assets are stated at historical cost or valLwbon lèss depretiab"on. Donated assets valued at £2,5W ￿ over arn recwised at market value a5 delernined by an ind8FeF*J8nt WdluatiL when title is passed lo CEME. Purthastrd gssèts a cost of t1,500 or oNer are recogni5ed at h￿nc￿l costwhen purchased. Depreciation is proM¢ed on all tsngible fixed assets at rat85 olcJJlatsd to wyite each asset down io rts estinated residual valuè evenly over its expected usefvl lile, as foll¢)ws'. - Long Leasehold buildings and irnprovements thereto oNer SO years - Plant, Machinery and equipmento¥er 4 10 10 year5 - Office Furniture ovor 4 years INTANGIBLE ASSETS AND DEPRECIATION Intangib￿ fixed assets a￿ non-rnonetary fixed assets Ihat do I￿)t have phystal sub$tsnce but are identy'fiable arg controlled by the Charty through custody or *gal rights. An inlangible a5sel is recogni5ed when il is 5eparabla or ans•s from contractual or other legal rwJhts and if il is probabk thal ts expected future eCOnorn￿ benefits wll now to Ihe Charity. and if its cost or value rneasured rekabty. IntaTrJibk fixed assets ￿$tyn9 mGYe than £1.5C4) are capitalised. lntsng￿1e assets are measu￿￿ tnitialty at C05t aThJ 5Li15eou•nUy at cost *ss impaimient and ￿ any a¢curnuLgled amortisation. The residual value of intangible fixed assets 15 nil wh8n caloJla*ng the charge lor amorbsab.on unless reliable evide￿ e￿51$ to.the contrary. AmorbSats.￿ of intangible fixed assets ￿ charged 35 an èxpense to the r•levant slatement ol financial activitss ISOFAI Category reflecting Ihtr use of the asset. Intsn9ible assels are amorti$ed on a straight4ine basis thwr usefid economic lives. If the useful lits cannot b• ests"mate¢J reliably it is presumed to be no rnore than years. AM￿lISation commen￿$ when an intan9ible asset is available lor usè. Intangible assets rewesents soltwarg costs which 15 amortis•d at 2￿/th per Intangible assets are onty re¥p•Rd for impainnenl Jfth8re arn indicatots that the asset may be impaired. 21 Centre for Engineering and Manufacturing Excellence Limited NOTES TO THE FINAhlCIAL STATEMENTS ¢onYnued INVESTMENTS Inve51ments in subsidiary oynpan* ofcèntre lor ETrJinpering a￿1 Manufacbjriro Excellence Limited, arè stated at cost. FUNO ACCOUNnNG Due to thè constraint5 01 law donor imposed ￿strictior￿ the thairty Segregates ts lurH15 t￿￿en ￿$￿tted fijnds and unr85tric1ed funds. Unr8strKted fuTrds represent the accumulated suwus on income and expenditure and a available for use at the discretion of Ihe Board in pursuin9 the general thariiable objective5 of the Isee Report of the Trustees) Designated fvjnds are ftjnds that have teen set asKJe out of unrestncted funds by the Board for a speofic purpose. vAth Ihe balanc* constsbthirrfJ thè chantys General ReseThes. a￿ no (lesvjnated fvnds at pr•s•nt. Where lunds a￿ re¢wecl under contracts io run g¢Mmment frJnded proyramme5 they are classified a5 restricte(l. When the saNeè is providèd. if any surplvs arisés this beoNnes unrestricted ￿th agreement from the fvnd prothder. Restncte runds represent income received where the donor has imposeATII)N AND RELATED SERNICES FuTther Edl￿a￿}n and Apk¥entKe5 Space and Leamino Sup 8uSAness In¢ubaioTh Cenue Cai*eria Launchpad Training Cent 618.053 78J.427 26.299 191.510 114 132 1 768 451 64J.104 787.062 2B.50S 164.824 1 714 007 S. AAI&NG FU14DS 2025 Conference Centre su￿ort c￿¢$ Space. IT and Shared SeNi¢*s Te*￿19n¢ an(1 Frdthking re¢na Car park eosi Governance costs 267.922 259. 223,658 234.947 310,556 21.502 14.449 TayabL*). CEME 1$ rtyi4tered a5 a d*rty and as such ￿ enlOkd 10 Ihe exeryts￿ undeT sect*•)$ 466 to 493 CorpDrtIKJn Tax Act 2010. The Com￿nY can cFaim au VAT in0jr￿d except 00 run￿ costs of 9o¥ernmeni ￿￿￿Yed prollraThmes. These prooramm¢s arn on a r•￿Ul$em￿l basis themst oflhe Irrero￿h1e VAT is co¥ed by the grani fvnding. 6. SKILLS & EDVCATK)N ACCOIWODATION AIID SUPPORT5ERWCES 2074 Direcl costs Deweoalon of buddkng and fwn¢MvJ assei knfra5truc Suppm c051$ Gpwrnan￿ costs 2.469.742 662.056 696.3PO 2.361.219 662.056 629.352 3 883 049 3 704 278 7. GOVERNAN¢E C0S7S 202$ 2024 Fees paY¥￿e ￿ the group¥au(Ilors iirthe ol the group's annual accounts Fees payable ￿ the group's au(kn th)rolherwcrfk 24.(*JO 22SOD Taxation fee ￿Yatr1e Mi respect olthe subs*thary Twsiee exK*nses. rerJuitmenland insura￿4 goard and cr*llmittee 5UPPtsrttost 3.805 47.835 76 24 1 TTrvel exk*nse$ incurred trrf TDts*es in fesped ￿ CEME anxKwrted 10 £2.IJOO P024.. £2.2891 the ￿r. The number of Trustse$ receThfMg expense ranbuts*wn¢ ¢JurwvJ the ￿ar w8$ 312024." 51. Tnkstee Yboemnity inswa￿e o)st £1,68912024. £1.5161- Centre for Engin8•ring and Manulacturing Excellence Limited Notes to th• ffinaneial statements Key Management Peraonntl 2The key m*)agemeni chwty C￿pr¥￿etr￿SI￿eS. Chef ETeoJlp* FinwK* ts"rectr*. Execulp48 Offectus I￿re ￿mUr*￿t￿l in that thjer CEP*s ffle1￿￿ and arlKles of as50cialk Thes8rx)sts roflgct thEP8yand Trjn pay c45ts oflh2 CEO FMw)¢e pWarat￿ forand atte￿18￿ al Injstse meetings. and fv pay and pay LYJ5ts DI NL￿ ExeoJtive Dredor5. Valerie LeValL4niwas paKJ £15.450 rAus a of£1,(￿¢ &y hw ser¥tÉS a5 a {202¥ Sal*y£l5.225 Pension £9901. A rton execubvedKector. Dr RKtiard Hvichins (fiA Ra•Jdon ￿￿(saI. was pawj £S.tW fty wformitvJ Ihat ra￿¢2024. £4.0001 PaymeDts ty r￿eXecu1￿0 dupdor5 are made a￿lnty01CEmE.S mwwarKlum and ariths ol a55Lx1aiw￿. personal m8naoemert remunera1￿ as lokn¥s". pay £241.946 {2024". £226.7311. £17,268 12024". £14.7381. emplwtrs Nl £41296 (2024. £37,352} and QthefL￿efft £6.LK¥J {2024. £6.OCO) ￿￿￿S ￿ re 2024 È66.467. 8onus ryued ￿ 2025 £72,04012W24." £86.8661. & TOTAL EXPENOITURE Support C051s Total 2025 Cost HR 11.789 fijrrfjs SkilLs & e￿￿￿n a￿￿M¢>Ja nd supput servKe5 Skils delwery and wpF¢ 6n.633 146.310 101.867 21,343 954.942 3.131.798 185.862 3 997 293 391.920 272.872 31.578 54.881 3,883.049 185,862 5 023 653 374 739 2024 R*$n)g funds SkilL% & edycation 4x￿M0d•fy And support serv￿$ delwery and ￿l￿nesS wpFxNI 816.108 3.704.27a 137712 . STAFF NLWIBERS AND COSTS The avernge monthty numberolFersws eX￿￿￿5}•￿Plyfftj bythe (￿partYdU￿￿ the year w85.. 2025 2024 opera￿n$ 17 Support 22 22 2025 2024 Wage5 and Sakries SrKkg1 sewrity costs Olher pension costs 1.142.459 137,492 64 132 1.058.314 113.598 1 230133 2025 2024 No. £60.001-£70.000 t70.001-E80.000 £80.001-£90,000 90.001-É100.000 É200.001-£210.000 E220,001-£230.OQ) P¢ns>Jn5 Mntribut￿ns rnadE orb beThalfolempW e￿ir￿j li ext4ss of E60.fyJO £28.11S 12024." E26.880}. The groupoperntes a ￿fined coniritvj1t￿ pert￿ S¢￿9. Trassets offv s¢￿8￿e hehj separa*tyfrm fvse ofthe up in an iTr3eK*TrYenlty•Ymin4swed Tho [￿￿7￿£￿51￿harUt reWese￿5 ￿at48 by the to I fund. 24 cen￿ for Engineerin9 and Manul•cturing Excellenc• Lirnitèd Notes to the financial statements 10. RELATED PARTY TRAMSACTIOWS In ts)È LX)inion ofthe the were r*ied par*ofCEME.. k•dtsCurVanY,.Ha￿1w C*o¢ol FLthr ano HY4nw Educat￿. Barking Dagenh•m London B(YOW rf￿a￿. #nd Lc*¥Jt* t*vekJpmenlAyncy. CEME Iransacled Tr￿th the reilted p8fl*s durry Ihe ￿ara5 I￿￿¥5". 2025 Grou 2024 Group Regeneration wogrtmme funthry.. Lon¢Jon Lknbpment ￿encY F¢vtscth*ies renw aTrl provisth ofc(we¥eTh*s tyth8 rw." Ford Mo*Jr Compar)y L￿(knn Borough ol Haver Bthing and Dagenham Coh FN gc¥)ds and ser¥Kes bythe Grwp. Ford IAolDr Compary London Borough ol Ha¥eriw Barting Daoenham Coleg8 FL¥ and Ser￿¢5 pro￿e￿ V) Ihe Grtyjp.. Ford Mo*Jr Compary The baL8ii¢es lowed by) Idue ￿ the Grtyjp ￿ 31 D￿￿b¥ 4¥ere Ford ￿0￿r Comparly Bathng tbynham C• London Borou9h of Havenng Ha¥ering C4l*oe 84.614 70.512 29.518 49.863 233 15.2141 The fi￿re oflhe rekiltonships Wih path5was askYkMs." eorough uf Haver¥)g Ruht ofapprovai to ￿￿￿Je$ in CEME'S Stra*g￿pI8n 8ThJ corK**ate *ucwre.' Lc*Mlon D8veb)pment ThEre￿e￿ no rtKqted psrty traD5actiuns in 2024.Keyfflwe￿ IKIIPI Tw51ees expenxs r￿￿mer￿)n th'xhxed in notss 11 and 11 resp￿ 11. NET EXPENDITURE 2425 The ￿etexpendiUr0 1$ 8iai•J after charg Fees payatrA2 blhB charivs audkn5 forthe audit ofthe ch*ty's annual 24.OLKS Fées payatle 10 ts chanvs a￿1￿1￿$ forihe 8u¢Jrf oflhe ch￿ty.¥ pur5uani ￿1¢9￿￿110￿ Totsi audit fees laxalion lees forlhe wb5*Ii*y Total tees pay* 24.OCIJ 25.000 450 Grnup h•rlty Charlty 2025 2024 2025 2024 (kpreci8lb)n oftsngib* frAed assets ortisalion of InWngib* fL¥ed assets Rentsl tl)Sts re￿lIng to ijpeiaimg *ases." Photocopy machines (Loss) on d*pos* olfw&J assets 928.482 15.888 2.755 12.898 1.123.252 15.688 2.755 t2.898 25 C•ntr• for Engineering and Manufac￿Ting Excellencg Limited Notes to the fin•ncial staternents 11 TANGIBLE FIXEDASSETS Grou pi•nL Equyrreni Tolal Buiklings 1 Jawary 2025 Addltions 5PD5a 31 De￿￿*r2025 36.523.031 12.915 7.355.091 319,035 392 860 43.878.122 331.980 392 860 43 817 242 36 535 976 D•pwlatlon 1 J8twary 2025 ¢h3rge in the y 8posaL8 31 December2025 14.942.548 71a.913 6.147.C¥J4 207.569 390 $40 21.089.552 926.482 390 540 21625 494 15661481 Net boo* value 31 December 2025 20874 515 33 22 191 718 31 D8C8mber 2024 21 $59 S39 22 788 570 PiAnt. Equwl and Totsi Buldings Ctstst l January 2025 Addil*?ns DLsposals 31 c￿Centsr 2Q25 36523.031 12.945 7.143.734 530.392 43,666,765 3.337 392 860 43 a17.242 36.535 976 D•prt¢i•tioth 1 January 202S Ch*tye in the ye8r LY4posaLs 31 t)ecember 202S 14.042.54 718.913 5.950.234 404.339 20,892.7B2 1.123.252 15 661461 5 964 033 21 625 494 book valu• 31 Der*mbEr 2025 20874515 1 317 233 22 191 748 31 Decemt*r2024 21 559 539 14444 22 773 983 The retbook v*ueolF4¥t and machirwy É1.105.697 {2024.. £2.148.869) in rEsP￿t01¥ssets uThJer fffla ase5. The￿ep￿￿￿. n char9e on theseassets wa5 £157J05 {2024." £124.3391. The bThJ ￿asehold buikjings are LX)n51nKIEd ￿8$ed by thE F(¥d K*J*)r Comp•ny LwThied to The London C*vdDpment Agency (see aL80 No* 121 and sutfr*t by the LL¥*lon Agwf Ks * Centt aThl Mènuknlur Excellence Lld IceMEI. The *ase a￿1 Ihe Su￿￿1$e expwe ￿ Ihe year 2127. In Use ty CEME aTrJ fts sub￿sary Cr￿panY * OFer*e acbwEs s￿h as the I)￿fere￿ cenwe. aThJ the Gatv*ay to Skilts Centre. the propetya55els are th?der oFuating *ase a9reements aTrJ s￿￿rt term reThlaLs. Al the Assets (yiirwj byCEME En*iwtse have been lAth$￿￿j CEME Ltd NBV NI. Centre for EnginÉ•ring and man￿3¢￿ring Excellence Llmiied Not•$ 1¢ th• finaneial ststements INTANGIBLE FIXED ASSEfs and Ch4rtyl Cost l January 2025 Addthon$ D8posal$ 31 December 202S 71.662 31.937 D•pro¢&t￿n l January 2025 Charge in the year Di5rrt)saLs 51 December 2025 43. 15,888 book v*lu• 31 December 2025 31 Decemter 2024 35 602 13. INVESTrIENT5 Group Ch•tity STr￿$ ￿ grtyjp U￿Jeft￿ngS 8TrJ parlry31ry iTh*re5ts In%*strnent ￿ wbsv3ones CEME wn$ 1QO% ol the shares OICEME Eniww Lk1. 14. TRADING sUBSIDIA￿Es exp8ndrfts￿ ofcEME befo￿ corffjokla¢wn ofthe subsKth￿￿as£N4 12024.. E Ndl. The re￿N$ fc¢CEME Enter[￿tse LkThited number071159231 téknv. CEME Enwprise runs tr conference centre at CEME. Nel lk7tslit￿ ofthE tLknpany wert £N￿l2024." £ Ndl 8i>*w ￿1. 2025 2124 Ttttsi inco¢r* Govemmeni grant Cost of 5ale5 Gr05s ProfiVIL05sI A￿[￿)￿118bon costs Interest receiv8b Loss ta¥alb)n 114.587) 2025 2024 Fiyod Assets Tangl￿?A$Sets 14.507 CwreThtAssets Debtor5 PrEpayThenl Cash al bwk a￿1 hand Crfjditor5'. ￿cl￿tS t•)?￿ar Cre¢itar5 Nei Cuffanl L￿9￿1￿leS To￿lAsSe1 Less Ctsffenl L*￿￿.•¥ Nei LNgtslileS Caprtal and Re5w¥e Sh￿e CaF¥lal Ratained Eaming- 27 Centre for Enginwing and M•nufaeturing Exceller￿e Limited Notss to the financial staternefits Gwow 2025 2024 2025 Z024 1& OE8TORS e within C￿ ￿ar.. Tpde deblors ounts (pwed by group underta*r¥Js oth￿ debtors and prepay1￿￿￿ 84.127 161.795 84.127 161.795 514.254 598.381 350.524 512.319 514.251 598.381 350,52 512.319 CEME Ltd has s￿￿ed an oyenhft lac*LrfEIOO.(YXlY**Th B¥days t*nk. Ths isserA1￿ w r*t deb￿$. Gffj Charlty 16. CREDITORS & LOAN. ' •moiiDi• l•llng du• wlthln ohe ytar 2024 2024 Trade ¢￿ditorS Deferred Income Obl&ètrr￿ undefffinanc8 *ase htre putha5e 550.736 543221 95.831 . 550.736 543221 95.831 214.822 104.123 16fj.401 66.779 214.822 101.123 1e6.4Q1 66.779 Loans AM￿nts to gmup undertakn.￿S Othwtsxes and sfojiity 81.155 691.914 1.643.050 67.889 954.527 1.894.646 81.455 891.914 I,B43.050 67.889 954,527 1.894.648 rnEfiton defÈvrtd Ih¢om• {Du• w6th In on* Ya¥) GIl￿p Chu 2Q25 2024 2025 Defe￿ed Wyhtfun¥anl Realised during ihe year Oefeffed dunng Ihe )wr 384.803 384,803 11.10).4701 11.1W.4701 1 258.818 332 670 125B B18 Grnup Ch•rfty 17. CREDITORS & LOA14 .' amoiiiiis aftev movp one 2025 2024 2026 2024 Defe￿￿ oblya￿￿5 undefffinan￿ wrchase B59.979 278.725 826.542 47.783 874 325 859.979 278.725 826.542 47.783 874 325 LO8n5 Tolal¢rethtors dye after move than 1 C108e le8sirMJ Ltd h)3n term$ we 5 >w¥Jilh ts knt pa￿￿1 OLI 2025 ata 11.42% Centre fof Engineering and manufaC￿nn$ Excellwica Llmiied Not•$ to finanei•l statèmènts Group h•vKy 1& COAIMIThlENTS UNDER OPEPATIMG AM> FINANCE LÈASES 2025 2024 Futu￿ M￿￿Urn opernting le•¥¢ pa>wts •eas Plwrtand mathinery. -Wthin one year -Betr￿n and fi¥eyears 10.462 11.158 38.227 10,482 20.964 Fu•Jre m￿￿￿M lo￿nCe l¢w as Gwoup Ch X*25 2024 Jlding. Fwniture. Pl•nl 8Tr1 machinery.. -Wthin one year -Bethen onfy and fv¢ yea 214.822 859.979 166.401 826.542 214.822 859.979 166,401 826,Y2 The Landon [)e￿W￿errt AgwKy ￿NtIl* L•yJ (¥)Tthh the CEklE Centre0fe￿I2neÈ LNI a 125year kn8to CEME * a WPkWTlX)m ￿nt 8x¢hJd85 the Irm¥akn C•ntrE and exFrfes frrt The London De¥eWnent Agw renti1* Ifvwxfawi Centre a 125￿￿aSe kn CEME at a pepp&¢￿ reni. Thi& lease exwes In maFE than 4*ye*s. 2025 24 202$ 2024 19. RENTAL OPERATING LEASES The fvrture minimum kna5e rental Incrffle duEfit lenjnts operatsno le35es ai•a$ k4kn*8". -nc4 L•terth8n one yeai". 4aterthan ￿ year and ncl k*rlhan *¥ey 4aterthofb fve years". 2,574.784 1,011.589 3.015.5Z3 1.092.176 2.574.784 1.011.589 3,015.523 1.092.176 20. STATEMENTOF FUMDS Èxppndltur• lJ•n25 3100¢ 25 Unresificied Inco￿ Fund5 General ￿ndS 8.59B.463 4.615.865 14.%9.307> 0ffi45.021 Re51rictEd Ir*am& Fthds Toral 13.169.123 21767 586 454 546 5 023 853 12.714,577 21 359 59B 4 615 865 2024 C*)mparnth• 8ai9nce 31 Oec 24 l Jon24 Vnre51rithed InL¥)me Fun¢ts General ￿ndS 8.158.407 4.643.6QB (4203.5S21 8,598.463 Restrided Inc4Jme F￿￿S 13 623.669 21782 076 13169,123 21767 586 4 656 098 Centr• for Engineering arKI Pknufaciurin9 Exe•lIen￿ Limiled Notes to thè financial statements 21. STATEMENT OF RESTRMED FUNOS IrKrn Expend1￿￿* B*l*nc• 31 Dac 25 1Jthi25 Captsl and re￿￿u0 ofthÈ Gaivwav 10 Skls Centse Ca￿818nd revenue costs ofthe GalÈWay for Bu51nt5s mran)me SRB 5 Caplal. Dekny rth, SRB IT CaWtsI' DYI, Infto¥aii¥e Clusters Fund LOA grant for erection ofrAmpu5 and acquthth)n ofkacnryi eqviymt ERDF ob￿c￿Ve￿lI LSC Capital, NTI Capital, Oepartment forCornmuThbes and LO¢￿ Govemmeni HSSMI. 36.812 11.136) 35.676 14561 14.083 3.093.788 {107.9231 2.985.865 583.933 2.270.992 486.930 3.355.199 2.3S2.975 (81.983) 117.6001 1117.084) 3.In.283 2.095.989 566.257 417.593 9.3S8 (73.116 119.7531 114.4291 2.022.873 $46.504 403.164 9.3S8 13 169 123 12714577 1 Tbese gr*tsww8 lo the c•tsi intra$¥U￿Sekn￿t¢ry5ts oithe ceme pus. 2 These grants were yovkyed ￿ eqw) Ihe Gatewa¥ to Sklb EdLKakn centrt. 3Ths 9ranl wa5 prD¥**d to equip the Galeway kn BUSI￿¥% SLWM 4 Thls ¢r8nl pro¥AJes funding f¢v HvJh Sreed &Jslain** M4nufaduriThJ Instiiute. HSSMI ks a dmsion of CEME a wrwso ofconduciw ￿ng ed9È manul*luM4 wth *) am of iMprovM¥J eff¢*w ofmanutscturws and su th*n wmpanies. The temapNlw ¢Y£9,358 t* POAY b HSSUI wce CEPAE requesl. AMlysl$ ofnrfa8uts b1th￿￿ lurtd¥ Res¥ic*d UNestr¥#8d FU￿ Toi81 Futyls T&￿Ib￿ fixed as* lffltangiNe fixed assets Cutrenl assets Current IKgbihl*5 C￿li10r5 fallirfj dueaftu sear Al 31 Der 2024 12.705219 9.486.529 54.651 2.085.595 (1.843,050) 1 138704 8 645 021 22.191.748 54.851 2.Q94.953 {1.843.0501 1 138 704 21 359 $98 12 714 577 Cornparatfvg 2024 Analysls ol net ￿￿￿ts betwwn fvn r￿ed awts Intanoibk fixed 85sets Cwrenl assets Cwrenl l￿bilit*s Creditors faihllg thJe after c•*>*ar 31 2024 13.159.765 9.628.805 35.fA)2 1.703.029 11.894,6481 22.786,570 35.602 .712.387 11.894,6481 674 325 21 767586 9.358 13169 123 8 598.463 Z2. CONTROL CEME ts undtrrihe c<¥nmon cth)tyol of MotN Cty)wy. Hawiw C* of Further and HvJher Educa¢on. Bart#Yd D￿enh8ffl Ccleoe and Londcffl Btyowh of HavenTrJ. The crryTrYs Al￿e5 ofAssooknn trdted 2 January 2010 stale that eath ollhe abo¥e ￿ a meThbErofCEME. CÈntrè for Enginèèrin9 and Manufacturing Excellence Limitfjd Npts$ to the finan¢i•l $tatèm•Thts Total 2024 23. COMPAPATIVE SOFA BY FUND Fum INCOME Intomt fmm 9￿•￿¢•d funds Oiher trading Inveslmenl mcomp In¢om• from charftabbp actfvttbES Skills & education and busuiess supp)rt accommoda￿n and 8er¥l¢e$ Segro fvndirvJ Total 2.819.092 2.819.092 1.714.(X¢7 1.714.iX17 4.643.608 4.643.608 Expenditure on Raithg *Jr ChaIrfab￿ AdMt*s Skills & edu￿￿￿ aC￿MO￿al￿1 and support 5ennces Skills delivery and bjgness gJFwrt Yotsl expendiiure 816.108 816.106 3.387.444 316.tsJ4 3.704,278 137712 454.Y6 137,712 4.658.096 4203.552 Nel (expenditure) 440.0 (454.516) 114,49)) RECONCIUATION OF FUNDS Total fundts bityjghi &)rward al 1 January 2024 Total funds Car￿ *)rward at 31 December 2024 8.158.407 13.623M9 21.782.076 8.598.463 13.169.123 Z1.767.586 31