REGISTERED COMPANY NUMBER: CE006259 (England ond Wales) ItEGISTERED CKARifi NUMBtR'. 1166562 REPORT OF IHE TrUSTES AND IINAVDITeD FINANCIAL SIATEMEMIS FOIt THE YEAR EMDED 31 PMRCH 2025 FOR IHE LOVGHBOROUGH IELLFOUNOkY IRU$T TC Grevp 31 High View Close Homilton Office Pork Leicester Leices1ehlre LE4 PLJ
THE LOUGHBOROUGK JELIFOVNDIIY TRUST CONTENTS OF THE FINANCIAL STA7FAIENTS FOR TMI YEAR ENDED JI MARCH 2025 Paqe Report ollh• Trust• Ind•pethd•nt txomln•¢s Report stalern•nl ol Hnanclal Bdutyee Sheet C•sh Ilmv $lthn•nl lol•s to th• Cfjsh How Staltmenl N¥)l•s lo Ihe Ilnuntltsl Stal•m•nts ? to 16 D•fjlled Sknt•nwrt ol FbancEalAcifvlll•s 17 10 18
THE IOUGHK)IIOUGH BELLFOUNDRY TRUST REPORI OF THE IRVSTEES POR THE YEAR ENDED 31 MARCH 2025 The twstees who are olso rfiredoT5 of Ihe ehority for the pUose5 of the Componk•S Ael 2006. presenl thelr report wilh the finoncial stolemeAts of Ihe eh(Yity for th8 y801 endèd 31 Morch 2025. The ITVStoes have odcpted the 0VIsIOnS of Accounting and Reporting by charfeS'. Stotewnl of Recommended Procti¢e appcOble to chorilies PTeparing their accounts in acccrdance with the Flncndol Reporling Slondord apdicable In the UK ond Republc of Irdand (FR5 1021 leffeclfve l Jonvtry 20191. OBJECTIVES AND Acnvin Obhdves and alms e 0"eCtiVeS of Ihe Tnm lye., al Securing convetslon ond freehokj of Ihe historic TayloT Bell Foundry fry Ihe ftJtuie, ]luding Its ma¢hln¢ry. equipment. pottems ond archiYe5 and encompassing any other reblèd Institution or molerial onnected lo tha fJrts and 0ft5 belts. bl Edueoling the pvblic on the htory and sklls ol bell moklng, boll Gnn9, carluon r4Jylng and bdl rfjnging. cl Providng troSfting in m(in9 and a55¢¢iOted skii15. dl Providing training in al bel ringing teChnve$ ond sknll$. l Any other choritoble oclivrfy that moy conmbute to the forgolrvJ obJecV¢S. Pvbk b•n•ffil It the Trvs15 aim to eStobrh ond moinlon a museum for tha benèfit ol lh8 pubfie. Ihe Iruslee5 confmi thcl th•y hts Compld with the requiements of Sect 17 of th6 Charities Acl 2011 lo havo due fegord 1¢ th& pL1C benefit guidance pubftshed by the Choty COMMISOrn ErYJkJnd and Wales. Achlevem•nts p•rfMon¢1 •nd finan¢lal rnvl•w Ihe Trust is ¢urvenlty concknding the building phase of mojcr project"SrJving the Last Bèlllowty in the UK,. We hekl an opening ceremony in 2024 (md are oclivety bvllthng th& TotN5 and fvndralsing. Fun(traisin9 15 conthnving but the main lulure source5 of ncome be through the vlsllor edu¢atbnal odmhes. SIItAIEGIC RFPOIT Reseryw polcy The Trusl is funded by &Yants donations rèceived trcm the v<Nfov5 sowces 05 detalled h the noltrs to tt)e fnanclol slotements. These grant5 and donations prowde the fvnds for the charitable acllvities eorried out by th& Trust. Th• Iru$l OL80 makes Ihe beufovnthy ovoik7blg for the trgding company. John Ta0( Bell Foundry ILouglknrou9hl Mit&d. to caThy out it'5 trodin9 aclivities. The fental incorne r•celv8d by the Tw$1 Is regord&d as vnreslricted ndS and fjs mode avoilable for unreshlcted aclivlties, Fvlum Ihe Twsl 15 Curren1 seNed by a leom of trustees wlh bo¢kgroLhKJs ond skI5 welèvont to Ihe bullying re51orolion ond dovobprrenl phase ol the archives and other laciThli8s. Ihelr locus Is lo phystcoty shopg th8 BÈllloundry as the nolioThJl c•nlra fcr educothon and research In the beu related world. P051 resloration the Twstees focus wtu shltt toward5 dellvering Ihose objective5. STRUCTUIE. GOVERNANCE AND MANAGEAIENT Gov•mlng docvm•r The chority is contrdbd by its goveming document. a deed of Irust. and eonslituks o ¢hoth&le kn¢orporul$d orgoni5011on ICIOlos defined by Ihe C¢)mponies Acl 2DJ6. r•ov•mon¢• Ihe Trust has alocoled sp&¢tfi¢ 90mone0 re5ponskni Tith¢5 t¢ indNidJd Trv51ew with Ihe am of delvering its fulvre Oblo¢1$. Reerunmènl and appothn•nt ot nv#vJtees Tho Trust has olreo¢y racrvited one naw Trustaè from the WOTIJ of ocodemla and is activety seekkng further skied 5VPPOrt lor ¥*ring its hjlure objectiv. Poge I
ThE LOUGHDoieouGH IELiIOiINDftY TIUSI RepoRI OF THE TrVSTEES FOR THE YEAR ENDED 31 MARCH 2026 5TRIICTIIRE. GOVERNANCE AND MANAGEMENT R•l¢rt•d parfl•s Ihe Twsl's lenont, John T¢JykJr & Co Bollfcvndets. has monog$d lo maintoln Hs shcwe and some growth desplle the (fisruplion lo its operalions dvrfng Ihe earfy part of Ihe yeor by the biNJdlng wth. Costs conlinve lo Increose but the prospects for 202516 TeThiin po$lfve ollhough thè Ffoblems of the C of E rjrg of concwn 0$ they are the inCip01 clenl. En9agement wllh wpp]ler&. custom•rs. n•lohbovn and olhws The Trv5t and John Taylor & Co conllnue lo support oclivTtie5wilhin the kjcol commvr4ty and also n011cffia. for 9XnP through delivering Irge youth and schools wogrammes. supporlhg gn extensive volunteer PTogrornme for k)cal pèopls, ond sponsoring the nalionol 12¥ell ringing compelltion. Agr&?rnenl has been r6ached with the Centrd Councli of Church Bel Riwers lo htsu5e ils Lbrary and thI¥& within the TrLtsts rew orchive la¢iTIfy. Thi8 Librory 15 01 Inlemollonol %gnificance Ms focolion in Lovghborou£h will supporf the Trust's obieclives. Ihe Trvst Ss oko in negotiation lo support and admintsler Ihe Central Councn's inlffiollve to manage o natSonwld$ fleet of moblle mTnkrfngs which will ba port of a Aotionwid• ¥th¢utional ryogramme on lh¢ Subject ol be115 and bdlrfnolng. REFERENCE AND ADMINISTleATIVE DEIAILS Reglstw•d Compony nurnbei CE006259 IEngland waS) R•glth?d Chth nvrnbgr 1166562 The Bell fovndry Fre¢h¢ld Street Loughtxou Lgicesler5hire LEII IAR AWRWby D E Potter R J Cooles H L Taylor A J Slad6 M Wiknms T BradY knd•p•nd•nt ixumln•r J Denni5 FCA TC Group 31 High View Close Homitlr)n Office Pu* L•lcester Leicestershire LE4 9LJ Report of the tnJ31ees. In¢otporating g Strateg rep¢)rt. approved by order of the board of trujloes. as the company directo. on 30 2026 and signed on the board5 behalf by.. A W R WAby-TFust Pog& 2
IMDEPENDENT EXAMINER'S REPORT TQ THE TRUSIEES OF THE LOUGHBOROUGH BELLFOUNDRY TRUST Independènt èxamkn•rfi rèport kn the Iruslees of The Loughbortsvgh Belkundry Trust ('Ihe Compony'} I report lo the charity trustees on my exarrination ol the accounts of the Company for the year ended 31 March 2025. R•spOnblIeS and ba$ ol *port As the ¢horfty's trustees of the Cotrwny lond oLso 115 diieclors for the purposes of comp(3ny lawl you ore responsible lor the preporolK>n ol the accounts in accordonce with the requiremenls ol the Companies Act 20061.the 2006 Acri. Haiqng sglisfied my58lt that Ihe occowls ol the Company ore not required to be audited vnder Part 16 01 the 2006 Act and are eligible for independenl exomlnolion, I report in respect ol my Èxominalion of your charity'5 accounts as corried out under S&clion 145 01 the Charitie5 Acl 2011 I'lhe 2011 Acl'l. In carrying out my examinatloA I have lollow8d the Direction5 9iven by the Charity Commission under Section 145151 Ibl ol the 2011 Act. Ind•p•nd•nl •xamlnerfs slotem•ttl Since your charify's gross income exceeded £250.( your exominer must be a member of ¢ listgd bo(ty. I can conlirm Ihot l am qualified to undertoke Ihe exomination because l om o membgr of the lrnltlule of Chartered Accountonls in Englond ond Wale5, which 1$ one of the listèd bodies. I have completed my exorrmnolion. I confirm Ihat no mottets hovo come to my ollenlion in connedlon wllh Ihe examination givng me covse to belleve.. occounting records were not kept in respecl of the Comparny os required by S&ction 386 of Ihe 2006 Act.. OT the acco1$ do not occord wlh those records., or Ihe account5 do not Comp wilh the occovnling requirements of Section 396 01 the 2006 Act other Ihan any requirement thol the o¢cournls give a tnJe ond fair wew whifjh 15 not o moller cOndered as part ol an independenl examination., or the accounts hove not been prepared in accordance with the methods and principles ol the Slatement ol R8commended Practice tor occounting ond reporting by ch(xities lopplirgble lo charities preparing their accoun15 in accordance with the Financial Reporting Standord opplcable in the UK and Rèpublic ol Ireland IFRS 10211. I have no concerrn5 ond hove come ocross no other matl8r5 in connection with the Èxomination to which atlenlion should be drawn in this report in order lo enable o proper understanding ol the accovnts to be reached. J Denni5 FCA TC Grovp 31 High View Close Homilton Office Park Leic05ter Leicestershire LE4 9LJ 30 Januory 2026 Page 3
THE LOUGIIBOROUGH IELLFOVNDIYTRUST STATIMENY OF FINANCIAL Acmimes POR THE YEAR INDED JI MARCM 2025 2025 Tolal funds 2024 Told Unieslrfcted fund Roslricled funds Nol85 IMCOME AND ENDOWMENIS FI¢ DoTrJtions andlggacies 69.670 697269 7a6.939 2,806XJO Investmèn* Income 7921X) Total 148.870 697269 846,139 2500 EXPENDITURE ON Roising fvJnd5 I,6 40076 Chothible aclhili•x Charllable gctiv1e5 23.113 259252 281465 358.703 Total 23.113 340,158 363.271 399.579 Net goin5 on inveslmenls 705,380 705J80 NEf IllCOME 831.137 357,111 1.188.248 2,485,921 RECONCIIIATION OF FUMD5 Tolal funds broughl forward 227D43 3XJ4A51 3.531.894 1.045.973 TOTAL FUIIDS CARRIED FORWAID 1.058,180 3.661.962 4,720.142 3A31.894 Ihe noles fem part of these flncncl statements Pa4
THE LOLIGHBOROUGH IIELLFOVNDRY TrUST IALANCE SHEET 81 MARCH 24 Noles HXED ASSETS Tangible a55els Herflage oss•ls 18.922 4.725,779 4.663 3,228.275 12 4.744.701 3.232.938 CURRENT AsseTS Dèblor5 Cash cl bÈk 13 108,807 16,847 259228 57.691 I25.4 316.919 CR&iiroRs Amount5 folllng due wlthln ye( 14 11SJ.2131 117.9631 Mtv CURRENY ASStIs 124.5591 298.956 TOTAL ASSÈTS LESS CURRENT UABIUIIES 4.720.142 3.531 £94 MEI ASStYs 4,720.142 3.531 A94 IUNDS UnTeslrfcled funds Reslri¢led fLmds: Foundry restoration fund Foundry herftag& assel IS8.1$0 227.043 76.576 3A85.386 70.576 3,228.27S 3.661,962 3.304.851 IOIAL FUND$ 4.720,142 3.531 94 The charftoble compary Is enlllled lo exempllon from avdit under Secllon 477 of Ihe Companlw Act 2006 for Ihè yèar ènded 31 March 2025. The member5 have not required the eorfwiany lo obtaln an (wdit tsf Ils ¢1¢MentS fcf the yeor endod 31 March 2025 in accordanca with Sectlon 476 01 Ihe Componies Act 2(X)6. The InJ5tees ocknowledge thew responNlillies f lal ensuring that th• chcxlfoble corfpany keeps accounng reCClS Ihol cOrrP wlh Sections 386 and 387 01 Ihe Componle5 Acl 2000 und kyeparfng financlol stalements which give a true and fair view of the dote of affow5 01 Ihg ¢harilab ¢ompany os al the end of each knncial year and ol its suJplv5 or éeficil for each financlal yeor In occordgnce wNh the re¢vlrerrnt5 01 Se¢thons 394 and 395 ond whTch oth8Mis• Cornp wtth the réq(llfements of the Companie5 Act 20Q6 relating to finonciol 51olement5. 50 far a5 applcrJbl? lo Ihe thor]tats4e company. The Itnonclal 31oternents were approved by lh8 Boc¥d of Te6$ ond oulhorfsed for i$5ue on Jonvory 2026 and weie Signed on its beh¢ll by.. Thè not6$ form pol of th85e fknoftc1 slatéments Page 5 conttNed...
THE LOLIGHBOROVGH IELLFOVNDRY TRUST LANCE SHEET. ¢•nllnved 81 MARCH 202S A W R Wlby-Tw51e Ihe notes l¢rn part cf Ihew ffnanciul 51atemen15 Page 6
THE LOUGllbOROUGH BELLFOVNDRY TRVST CASH FLOW STATEMENT FOR THE YEAa ENDED 31 MARCH 2025 2024 Noles Cash Ilows from op•rallng acthTIN•s Cash generoled Irom op•rollcfis 867.648 2XJ4,747 Nel ¢ash prowded by operoling acll¥itles 867.648 2234.747 Cash Ilowsfrorn Invesllnq a¢llYlll PuhSe ol tangible Iixéd o$sets Pvrchose ol heritagg a91¥ 119.9241 IW.5681 14,¢)631 Pm2,9381 Nel e¢J5h used In Invesllng octivilles (gOBA921 12J97D)11 Ch•w kn ¢u¥h cash •qvl¥T4l•nts In Ihe Teporflno perfod Caih and ¢4sh equlvaltrTts 01 Ihè b•glnnlrvJ ol r•portlng perfod 140A441 166Z2541 57.691 719.945 and cwh eqvlYal?nts gl lh• •nd lh• rep¢rfln8 p•rfod 16.847 57.691 The notes fom) port of Ih•se finon¢iol sl¢)t•men15 Page 7
THE LOUGHbOROVGH BEILFOUNDRY TrUST NOIU TO THE CASH FLOW STAIIMRNY Folt THE YEAR ENDED 31 MARCH 2 RECONCILIAIION OF NET INCOME TO NET ILQW IIIOM OPERATING Acnvims 2025 2024 Income lorlh• r•p•rflng p•rf•d (as p•r lh• Stahm•ntaf Rna11 Aclfvmes) Adjuslmenh tor Depre¢iotion charges L055es on investmen15 Decreose In deblors IncTeaselldeeteasel In credllor5 1,188,248 Z185.92l 102,109 1705,3801 15Q,421 131250 1.748 742 27A041 Ilel caih provld•d by operallons 867.648 2234.747 ANALYSIS OF CIIANGES IN NEf FUNDS At 1.424 Cash flow Al 31.325 Nel coih C05h al bank 57,691 140A441 16.847 57.691 140,8441 16W7 57.691 140.8441 16.847 The notes Ic¢rm part ofthese n(CIal slolements Page 8
THE LOUGHOOROVGH IÈUFOUNDRY TiIUST MOTÈ$ 10 THE IINANCIAL SIATEMENTS IOR THE YEAR EIIDED 31 K4RCH 2025 ACCOVNTWG POUCIES ot pr•parfn9 1tr• fin•n¢l•l lol•m•nts Th• financid stalemen15 01 Ihe charitable company. which 15 o pubfic banefil enthty vnder FRS 102. have bèèn Fxèparèd in aecordantÈ with lh& chorih.es SORP IFRS 1021 'Accounting and Reporting by ChcKllies: Slalemenl of Recommended Practice oppkable lo charftles prep¢rfn9 thelr oc¢ounls In occordance w1h the Financial Reporting Standard apphcabb in the UK and Republc ol Ir8knnd IFRS 1021 leff•clI l Jornuory 1),. nancIal R¥porting Slondord 102 The Finon¢id Rgporting Standard appCoble in Ihe UK ond Republic of kelond, ond the Comparyes Act 2006. Ihe ffioncial slotem8nts hove b8èn Ff¢pored vnd¢r lh¢ Pustorlcd cost convènlion, as mosjiffied by the revaluollon of certain a55ets. Ih8 charity is o company fimlled by guarantee cmd is o chaiilcble Incorporated or9onlsoliu) (C) (ts d¢e by the Corfparmes Act 2006. Ineomo Al income Is recogrised once tho chorfty has entitlerrnt to the In¢omg.11 ts prOb0b Ihol the in¢oTn¢ ill be rece¥¥ed and amount ol the Incor receNate can be measured re5&+. Donalton5 und1•9acle3 Dontstws or? recogni59d wh?n th¥ thoftty hos been notifi•d in vthting of bolh the arrK)vnl and setwement dote. In he event that a donotlon is 5ubjeet lo conditions thol requke a level of p8rformonc6 by th& chority bÈlore the Chaty Is entiN&d lo Ihe fL)nds. lh& income ts defeffed and not recogTh5ed vnlil eitherth058 condit¢ons are fvly mel, or Ihe fulfflment of Ihose condrfion5 1$ wholty within thè conlrol of the chority ond it is prolxblt Ihal Ihose etsndilions b¢ in the reporling wlod. ants i•c•fvab Grants ue ree¢grrised when the ch(¥ify ho5 un entitlement to the fvnd5 and any conrfthon5 Thnked to the LYon15 hove been met. Whore performon¢e contillK)n5 ure allached lo the g¥ont ond a yet to be rnet. the Incr 15 r¢cOgnd 05 0 fthTIty ond in¢lud&d on 1he btslonco sheet as deferred incc¥rE to be releosed. Expendlv AI 8xp8ndture reco9nised 4JKe Ihere is o legal or construcllve oblgalicfi to Ihot axpènditvre. It Is proboblg selNement Is reqvtred and the Gmovnl can be rneosured refiab. All c051s cre allocated to th& opiCab expenditure heodTng that aggregate simllar costs lo that cotegory. Whore ¢OSts c(rnot be directty ottribvled to puthculJr heading5 Ihey hove been olb¢oted on o basis con5i5tenl wilh Ihe Use of resources. with central staff cos15 aflocaled on the ba$ ol tlme spent. and depreclation charges olocutod on the portlon ot Ihts ossol's use. Olhgr support costs ore ollocaled bosed on tho spread ol slaFF cosls. lunds These are costs incLKred tn ottrocthn9 yotary income. the manogement of inv8slm8nts and those Incurred In tradlrva activities that ralse funds. Chorflablt acthi Chlble expendllure corrprises Ihose cosls IncuTTed by the charfty In the delfvery of Ils oclws and Serv&5 foT its benfrfl¢lories. It iludeS bolh Go515 thol Gan be ollo¢otod t9 5u¢h octhvith?5 gnd those costs ol an InG4rect nahJre nece5$0ry to 5VPPOrt Ihem. Tanglbh rd oM•ts Depreciation Is provlded ol Ihe follon9 a)wol rotes in tyder to off eoch a55et over its eslimctèd usefvl f. FKlure5 ond fittin95 25% on cosl Pog• 9 continved...
ThE LOUGHIIOROUGH BELLFOUNDRY TRUST NOTIS TO IHE IINANCIAL STATEMENTS- conthw•d FOR THE YEAI ENDED 31 MAIICM 2025 ACCOVN114G POUCIES- e¢nlknued The Loughborough Belfoundry Trust was gifted buildings. orchNes. Thxhlnery. equipment ond lislorical Inlelecluul property in 2016 previoUy owned by UK Bell Foundries Lld. The bulldlngs are Grod? Ir risted (md oJe Included on Ihe'BuildlnGs ol Rtsk, register. The Iwslees ¢on5iderlhe gifted assets to be heritage asset5 ¢5 defined by tho Charity SORP on the bosit that the assets hav¢ hiltorfcd, scientific and technological qJ¢Jlllle5 and cre held arKI rnaintaned principolty for Ihair eonlinued contribution to knowledge end culture. No raloblg c05t or voluction was available ol Ihe tlme of the grfl nor sthequantly. Thè Irustees considei Ihat the lime ond ¢osl required to vafue the bvlldlngs. gqvlpment d collections i4 not commensurotè wilh the benefit goined lor th• ustrs ol the ancI[statement5 ¢X lo tho chority. The subsequent ¢05t5 incurred for the fftsloratlon of tho site and relaunched cn inleroclive mvsevm ond i511 attraction have been ¢b55ed as capital in nolure have hove en recogni5•d on Ihe balonca sheel. Thi5 IKJ5 been accounted for under the Cost ndr ond deprecioled over its eIMated useful econorn life ol SO y8(vs. 7oxallon The charity is •Mpl from corporation lox on its ¢horiloble odiwthes. Fuvrfl accoutho Unrestri¢ted ndS can be vs?d in occordae with the chorftobb oblgclfves ot the discrelK)n of Ihe Iru5tees. Reslricled funds ron onty be used for partic¢Jor reslrited pury)tsses withn Ihe oblec*s ol the charfly. Reslri¢tions oii5e when specified by the donor or then e raed for parlicular restrted rpose5. FLther expbnathon of Ihe nalLYè ond purposè ol eoeh fund is included n rK)195 to Ih? financial slotem6nts. Donal•d goods No goods or dongtbn5 In khdwere made d1rj Ihls year or the wevi(MJs year. DONAnoNS AND IEGACIES 2025 2024 Donotions Gronts other Iorne 68.472 697a67 12c 52,599 2,T53.701 766,939 2.806.3(n Gronts reeeived. IThCded in Ihe above. ore as folows: X125 2024 Hortlagè Lollwy Fund Chamwood Borough Counell 697.267 I628.7 I25.0 697.267 1753,70? Pcge 10 ¢onthnv?d...
IME LOUGHBOROVGH IELLFOUNDRY TIUSI NOIES 70 THt IINANCIAL STATEAIENTS- contknu•d KIR TME YEAR fNDfD 31 MARCH 2025 INVESTMENT INCOIAE 2025 2024 Rental income 79,200 SING IiINDS Rolskng donaHons and tsgae 2025 2024 Consultoicy180s 80,806 40,876 CHARITABLE AcllviiiES COSTS Support Costs (see note 61 Diretl Costs Tolols ChLYitable activilies X)0,356 82,109 282.465 SUPPO cosTs Govemonce costs Managemenl Hn(m¢8 Tcla arilable adivities 69,$63 1.456 11.090 82.109 NEI INCOIAVIEXPENDIIURE) Nel incomellèxp8nditurel is staled ofter chor9hgllcmdMngl: 2025 2024 jxrito, ronwnerotion DeprK1otn- ¢)V4ned aHets 7.050 1.768 5,665 TrVSTEES' RtAIUNERATION AND BENEFlfS Ih8re were no Irvslees, remunerolion or other benefits for the year ended 31 rch 225 nor lor the year ended 31 Marth 2024. •xp•rA 2 trustees were relmbur5ed trovel eypencllure amounthng to £2A72 for the yeor gndgd 31 March 2025 (2024: .673 reimbursed to 4 trusleesl Pagell conthrwed...
THE LOUGHBOROUGH IELLFOUNDRY TRUSI NOTES TO THI FINANCIAL SIATEWNTS. ctsnlknued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS 2025 2024 Wagss ond 5olories 69,563 117.764 69,563 117.704 The average monlhty nvmber of employees ¢Jrfng the y9arwas as lojows.. 2025 2024 Chorfty <Jmlnistration No empty recelved emoijments in excess 01 £60,0W. COMPARAIIVES FORIHE srATEMtNT OF FINANCIAL AciivmES Unrèstricted fmd R?sITiCted fvnds Total IutJJ INCOM2 AND ENDOWhlENTS IROAI Donallons and tegacies 52.599 2.753.701 2AJ6ao Invèslm8nf income 79200 79J)O Tolol 131.799 2.753,701 2M5.500 EXPENDITURE ON Ralslng fvnds 40.876 4076 Chafftobl• gdlrflles Chorilable oththes 358,703 358.703 399,579 399.579 NET INCOME 131.799 2254.122 2.485.921 RECONCIUATION OF FUNDS Tolal lundi bMvghtloThva s previtsusly reported Prkf yearadiuslment 95244 615.392 335.337 710,636 335.337 95244 950,729 1,045,973 107AL FUNDS CARRIH) FORWARD 227XJ43 3.30457 3.531.894 Page 12 conlnued...
IIIE LOIIGHBOROVGH BELLFOVNDRY TrUST NOTES TO IME IINANCIAL STATEMENTS- conllnmd FOR THE YEAIt ENDED 31 MARCH 2V25 11. TANGIBLE IIXfD ASSErs tureS and fftting5 COST Al l April 2024 Addllior 8,992 19.924 At 31 Mcfch 2025 28.916 DEPRECIATION Al l April 2024 Chor9e l?ryeaT 5.6 A131 March 21725 9,994 NET IOOK VALUE Al 31 March 2025 18,922 Al 31 March 2024 4.663 12. HERITAGE ASSEIS Totd MARKEfvAWE Al l 2024 Addition5 RevahJation5 3228.275 888.568 705a80 Al 31 Morch 2025 4A21223 PROVISIONS Charg8 for year 96.444 NEI BOOK VALue Al 31 Mah 2025 4,725.779 Al 31 March X)24 3,228.275 The tru51 hok15 freehold t4lle to the land located al Freeho Street. toughb¢0Ugh. LEI I IAR on vthich Ihe BeNfoundry is situated. Ihe Bellioundry 15 g Grod$ Il. lsled bvildlng wlth Hlstcrf¢ Engbnd. The PTopety wa5 vglvpd by on dpendent valuer in Moreh 2024. Co51 volthalion ot 31 March 2025 is reprosenlod by-. Htrrila osset I Vduatlon In 2D25 Cos1 705.3 4.116.843 4.822223 Poa8 13 ontinved...
THE IOUGHBOROUGM IELLFOVMNtY TRU$Y MOTES TO THE FINANCIAL STATEMENIS- cordknv•d IOR THE YEAR ENDED JI MARCH 2tr25 DE)TORS: AMOVNIS FALUNG DVE WITHIN ONe YEAIt 2ry25 Trade debtors Other debtors VAT 47.7 42.548 18.722 41227 19, 197.201 108.B07 259.228 14. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAI 2025 2024 Tiode creditors Accwed expenses 143,025 7.188 3213 14,750 150.213 17.963 15. ANALYSIS OF NET ASSE7S è£fwEtN IVNDS 2025 Told nds 2024 Total fund5 Unrestricted fiJnd Resmcted d5 FKed 055els Cuvrent use Curr?nl birleS 724,302 12S.654 208,224 4LJ20,399 4.744,701 125h54 1150,2131 3232.938 316.919 117.9431 1358.4371 1.058,180 3h61,962 4J20.142 3.531094 14. MOVEMtNT IN FUNDS N81 movement in funds At 31J25 Al 1.4.24 UM•th¢l•d General fund 227n43 831.137 1.058.1 l•dbkt•d fuhds Foundry restorotion fvnd FourKlry heril¢Jge asset 76.576 3.228.275 76.576 3A85,38 357.111 3.J)4,851 357,111 3.661.962 TOTALFUND3 3.531,894 1.188.248 4.72D.142 Poge 14 conthnued...
THE LQUGHBOROUGH IELLFOUNDRY TRUSI NOTES TO THE FINANCIAI SYATEMENTS . eonllnu•d FOR THE YEAfl &YDfD ¥I MARCH 2V25 16. AIOVEMENT IN FUNDS - cothued Nel movement in funds, Irluded in Ihe above c¥e as fclbws.. Inconvng resource5 Resovr¢es e¥pended Gon5 ond MgveTn•nl losses in funds Unieslvlct•d Ganercl fvnd 148.870 1211131 705.380 831,137 R•s1t•d Ivnds Fovndry heritage asset 697269 1340.1581 357,111 IQIAL FVN05 846,139 1363,2711 705,380 i.ie8.248 Comptyatré•s kn mov•rfnl In fvndi Prior year adjustment Trote between lund5 rnovement In lund5 At 31.3.24 Al 1.4.23 Unreslrfct•d fvndl G•nwal fund 95244 131.799 227.043 R•lrfct•d lundi Foundry restuolion fvnd Foundry hwi109e ossel 615.392 2J54.122 892.9381 2.892.938 76.576 3228.275 335.337 615292 335.337 2,354,122 3,304.851 TOTAL FVNDS 710,630 335.337 Z485.921 3A31.894 Comporotive nel movomgnl in funds. incfvded *) the above are os follo Incoming resources RgSOUTces expended Movement I funds UNeIcted Ivnds General fund 131.799 131.799 Rethcted fwds Foundry restorotlon fund 1753,701 1399.5791 2a54,122 T(>TAL FIINDS 1885.500 1399.5791 2.485.921 F•vndry Vl•itorullon Fund Foundry r85torolion ftjnd represents un5penl capital income whlth wlll uti115ed in the reslorotion of the heritage a5sel bng the Bel Foundry sme located at Freehdd 5treel. Lovol¥)OVgh. LEI I IAR. Hwlog• Asiel Ihe Heriloge ossel fvnd represents the capilal vobe of the Bdl Foundry srle locoled al Freehold Strèet. Loughborovth LEI I IAR. Page 15 continued...
THE LOiIGHBOROVGH bELLFOVMDY TAUST NOTES TO TrIE FINANCIAi STATtMENfs - conMnv•d FOR THE YEAR ENDED 31 MARCH 2025 17. CAPITAL COAlhllTMENTS 2025 2024 Contro¢ted IYJF not provid8d for in the fin(thcial 5talements 31.735 620.486 IEiATED PARTY DISCLOSURES Tw¢ of the trustees ore olso officws ol John Toylor Bell Foundry ILoughboroul Lirrited wlich was eharged rent during the ye(x by the Trust lo th• sum of £7920012024 £79200}. Al th¢ yeor end the Trtht W05 owed £47.$37 P024 £422281 by the company. Salaries and olher 6xpenses wera rÈ¢horged from John Taylor Bell Foldry ILoughboroughl Urnlted (Onting to £69,56312024 £117,7641. Al the year end the Trusl owèd ¥nil12U24 £Nill lo the company. Poge 16
niE LOUGHbOROUGH IELLFOUMDRY TRUST DETAILED STAIEIAENT OF FIMANCIAL AeTIVIIIES FOR IKE YEAR ENDED 31 MARCH 2025 2024 IMCOME AND ENDOWMENTS DonaNons and legocl•s Oonathons Grants Olher in¢orno 68.472 697.267 51599 2.753,701 766.939 206.3 lThv•slment Ineome Rental In¢om& 79.2 79,2L)O 846.139 2B85.500 tXPENDilliRE Ratslng donalSon¥ and ltrouel•s Consutlancy fee5 8006 40J76 Chorttabjt aethtlll•s Travel eypen5es Llght and heal Telephone Literofure and brochures Advertlsing Sundrie5 Outreach work Premises $torallon and repair5 Computer cos15 Olherproperty molnlenonee Architectural. d¢sign, project and olh8T prolasslonol fees Roles and woter InsvTanc9 Slorgge Tent Training and WOFkthops FlureS and fittings Heriloge o55et i 663 1,060 ,256 22.319 1.043 18.915 575 14.609 6.522 8.462 4.115 5263 117 2,147 5,596 3.526 1.824 6,477 184,514 3.462 9,235 4.965 1663 1.768 5.665 96.444 2CQ.356 220.135 Supportcgsts Monag•m•nl Wa9es 6?63 117.764 Fknance Bank chor9es IA56 1.554 Gov•m¢n¢• co Avdtor5' remuneroN¢Jn Canied loward 7X)g) 7n50 This page doo$ not fcffti part of the atul¢ry financial stalem9nts Page 17
THE LQUGHJOROUGH BEUFOUNDRY TRUST DETAILED SIATEMENT OF FINANCIAL ACTiviiies FOR THE YEAR tNDED 31 MARCH 2025 )25 2024 Governanc• to ught forwar(I Accounlgncy lees 150 12.200 11,090 19 Total r8souices &xp&nded 363,271 399,579 N•1 Incom• b•for• gub and los 482B68 1485.921 *•ds•d Rcognkn•d gulns und lov•¥ Heritoge osset revaIltion 705280 N•t Income 1.188248 2.485.921 Thb page does not frym pc¥l ofth• slolvlory linonclal slulomenls Pag9 18
the Loughborough BelWovndryTrust The Bel Foundry Freehdd 51reet Loughbovough Lelcestershtre LEII IAR Your Rel.. JDIDWILOU201 TC Group Homlton Office Park 31 High View Close Leicester LE4 9U 30 January 2026 Dear Sir5 The folowing representotions ore mode on the bas of enqukl8s ol mI¢ement and stoff with relevant thowjedgè and experience such as we considw necessary in connèclM)n wtth your Independent examinalion of the charity'5 finoncial slolemen15 IOT the yeaT ended 31 Mtych 2025. Ihese enqviries hove included inspeclion of 5UPPOTliro documenlolion htsre approprral&. All representali(x)s are mode to tho best ol our knovledge and bellef. General We have fuHilled our respOnslI1t1es 0$ Iru5tee5 05 sel out in the lems ofyour engagement lelter under tF)e Charities Act 2011 lor prep¢Jlng finoncial 5talemenls in accordonce wlh applicable low and United Kingdom AccowIg 51andard5 Iuniled Kingdom Geneioty Accepted Accounting Procticel. for beng satisfied Ihat Ihey give o Iwe and fc#r vlew ond for mokng occurale representolions to you. 2 All the tronsoclions undertoken by the chorfty have been proper refleded ond recorded in the accounting iecords. 3 All the accovnling rgcord5 have been modc ovodoble to you IOT the purpose of your indepèrTrdÈnt exominolion. Wè have provided you wilh urwe51Tided acces5 to oll oppiopAote peOn5 withn the ¢hority. ond wth all other records ond reloted inlormolion requested. inclvéing minutes of ¢Jl munogemenl and ISte& meetings ond eoThespondence with Th• ch•V Commlss¢on. 4 The lirwjncial staloments Dre free ol mafrerfd mlsstotemenls, including omissi(Yts. 5 The effec15 of vncoriecled mi551olemenls (ve immoferial both h7dlviduoly and in lotd. Intemal confrol and Iroud 6 We ockrx)wledge our responsibifity f¢r the design, xnplementalion and molntenance of inteTnol Contr systems lo prevent ond delecl fraud and erior. We have di"sck)sed lo you the re5u115 01 OUT risk assessment I1t the finoncid 51alernents may bè migstcrted os a resLAI ol froud. 7 We have disclosed lo you ol Inslonees of thown or svspecled fraud affecting the entity Involwr)g rnanogement. emplcyeei who have a significont rde in intér1 controj or others Ihol could hove o moterial effect on Ihe financial $14Jtemenls. 8 We have atso disc105ed to you dl in10allon In relotion to OllegalnS of froud or 5V5pected traud offecling the enllty's financiol 51olemenls commthicoted by current or former employ¢¢5. gngty5t5, regulators or others.
Assets and Ilublmks 9 Ihe chcJity has Salfactory fille to an assets thwe are no 1gn$ ry encumbronce5 on the thority's assets. excepl lor those Ihal dsdosed n the notes to Iha frnnciol statements. 10 All actual rtt7bi ttes. conlingent IrabKitios ond guty(Jnl8es gven to thwd portles hove been recorded or disclosed 0$ appropriale. I I We have or Intenlk)n5 Ihol rnay malerfdty dler Ckn9 wjlue and where reJevan the loii vve meowrements or ClasriCatIon of ossels and liobltlies reflecled n the financial 5talemenls. Ac¢ounNng e5Wmal•s 12 Slgntriconl o55umptiCfflS Used by us kn makirvj OCC¢)untlng estimate5, Ilu¥vj those me¢Jswed ol falrvtjue. are ie050nabl8. ie9ol clalms 13 We have dCloS&d lo you al clolm5 in ccnnection wlh Wffgatbn Ihal have been. or are expected to be. r[Ved ond 5vch rnallers. os opyopri¢le, haye been propwty OCCOL¥)led for. and dtsclosed In. Ihe fmandal statement5. Lm ond re9all0 14 We hove dlsclosed lo you all known Instonces of norFcompliance or 5Uspected no omFlance with Iow5 gnd iegLlalions whose effects should be considered when FX8pcying the fttianciol stotemenls. Rdalèd partlèj 15 R&loled porty relallonshp5 and transa¢ltons have been OFproprfatety accwnted for disclosed in the finakIl 5talemenls. We have dlsclosed lo yov al relevont 1n1cation conceming such relationships ond tron50clions ond are not awa ot ony other matter5 wtlch reqlrfre dsd05Lve In order lo Comp leg151alive and occ¢unling andardS roquwernents. Subs•qv•nl •v•nts 16 All events 5vbseqveThl lo the date ol Ihe finonciol slatemenls whidi aV$IMent disclome lJve been pfoperfy occounted for and dsclosed. Gotry cc•M 17 We beleve that charivs firncIal 5totementS should b& on o gon9 concem basts on Ihe grounds that cuent ond futLKe sowces ol funding Cffj wpport wl be more than ad9quate tor the charitV5 needs. We have consldered o period 01 fv4elve monlKs tho dale of cpprovol ol the (cIal Statements. W& beli¥v¥ IhcJl no fh01 discloswe5 relolhg to the ehoriV5 aknlity lo continue 0$ o gofftg concem red lo b& rngde in Ihe fnancial statements. Grants and don(rtlor4 18 All grants, donations and othgr incgrne. Ihe recelpl of whth Is svbjecl lo Specif lemis OT conthlFons. have teen notTrled lo you. There hovè been no breiKhes ot lems ( conthlions in IhÈ applicohon of incc¥>)e. Yours ftii1hfvfy 2friTro¢rd of twslees Signed 0behalf Janu¢Jy 2026
The Loughborough Bellfoundry Trnst min11t of a General Meeting held al The Belj Fonndryg Freehold Street, Loughborough, Leieeslershire) tEIl IAR OD Friday 30th January 2026 Mr Timothy Brndley Mr RoiKrt James Coolts Mr David EdwaTd Potter Mr Andrew John Slade MTS Hannah Taylor Mr Andrew William Ronald Wilby {ChBinDan) Mr Michael WillianLS F AccouNr The financial ststsments for the financi81 y¢8T ¢nded 31st March 2025 together wlth the Report of the Dtrectors thereon were laid before the meeting and WAS RESOLVED that thq be and are hereby received, LETTER OF REPRTATI A foTlll letter of representstioA8 dated 30th January 2026. prepared by the Companys accountants TC Group was presented to the meetin& The contents w¢ read and WAS RESOLVED that AWR Wilby be authorised to sign the lenw on beknlf of the boaTd. Allv Other Busincu Ther¢ being no further b]nesS the rneeting was close Mr Andrew William Ronald Wdby (Chairman) 30 J8nu8ry 20,