REGISTERED CHARITY NUMBER: 1169005
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
Incorporating the
BATTLE OF BRITAIN
FIGHTER ASSOCIATION

THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Reference and Admlnl$¢rative Detai15
Report of the Trustees
3 to 10
Report of the Independent Auditors
ll to 14
Stfitement of FinfinciAI Aetivitie$
15
Balance Sheet
16
Cash Flow Statement
17
Notes to the Cash Flow Statement
18
Notes to the FinanciAI Statements
19 to 28

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTELS
Air Chief Marshal Sir Stephen Dalton GCB
Mr R H Hunting CBE (Chairn]an)
Mrs D Burns
Lieutenant Colonel B M Duffield DL
Mrs A Haslie MA Msc
Mr N Lawn Bsc (Hons) MRICS
Mrs S J Pilcher BA {Hons} CSBM (Hon Trea5ur¢r)
Mr D Rosier
Wing Commander A J Simpson Bsc MCIM RAFVR(T) (Retired)
Oietired 31 December 2024)
Group Captain P S E Toolal OBE DL (Hon Secretary)
Wing Commander I WoodhoiL8e N(BE (Appointed 6 June 2024)
PATRON
HRH Prince Michael of Kent GCVO
OFFICERS
(wlth no trustee responslbilitle8)
Air Chief Marshal Sir Michael Graydon GC CBE (Life Vice
Presidenl)
Mrs S Page-Gubelmann (Life Vice President)
Mr P Tory (Life Vice President)
Mrs G Allinson OBE DL (Life Viee President)
Mr R Parry BA (Hons) FCA (Life Vice President)
The Hon R Ailken (Life Vice President)
Mr R Green (Life Vic¢ President)
Air Vi¢e-Marshal the Ven R Pentl&ud CB (Life Vice President)
(Appoinled 24 October 2024)
Mr D Sarkar MBE (Honorary Vice-Presidenl) (Appointed 24
October 2024)
KEY MANAGEMEI NT PERSOIYNEL Mrs J Tootal BEM (Events Organiser)
Major (Retired) J Gomez (Memorial Manager)
Mrs A Gomez (Assistant Memorial Manager)
Mrs K Hume (Assistant to Flon Secretary) (Retired April 2024)
Mrs A Burger (Assistant lo Hon Secretary) (Appointed May 2024)
Go4 Marketin8 ond Piibli¢ Relations Limited {PR Consultants)
BCC D&8ital Cr¢ativ¢ Ltd {Markeling Consultants)
PRINCIPAL ADDRESS
PO Box 337
West Malling
Kent
ME6 9AA
REGISTERED CHAIUTY NUMBER 1169005
AUDITORS
Mccabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
Dover
Kent
cr16 IBL
Page I

THE BAYfLE OF BRITAIN MEMORIAL TRUST CIO
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOiiNTANrs
Magee Gammon
Henwood House
Henwood
Ashford
Kent
TN24 8DH
BANKERS
National Westminster Bank PLC
20 High Street
Ashford
Kent
TN24 8SH
INVESTMENT MANAGERS
Inve5tec
30 Gresham Street
London
EC2V 7QN
BlackRo¢k
12 fhrogmorton Avenue
LoJ)don
EC2N 2DL
SOLICITORS
Furley Page LLP
39 St Margaret's Street
Canterbury
Kent
cri 2TX
Pag¢ 2

THE BAThLE OF BRITAIN MEMORIAL TRUST CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The
trustees have adopted the provistons of Accounting and Reporting by Charities: Statement of Recommended PraGtiGe
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable Fn the
UK and R¢public of Ireland (FRS 102) (¢ffeGtive l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
The Battle of Britain Memorial Trust was established under a Trust deed dated 4 June1990. 50 years after Ihe ¢ampaign
itself, with the obje¢t of erecting and maintaining a National Memorial to those who flew and fought and those who fell
during the Battle of Britain in the summer and autumn of 1940.
The Trust's Mission Statement points out tlmt it is "dedicated to preserving the memory of the men and women who
took part in the Battle of Britain, commemorating their ￿h1¢Y¢mentS and sacrifice" and explains: "The Trust sets out to
educate the public about the unique nature of the Battle of Britain and ensiire that future generations are aware of the
importance of this event and its place in history.
"The National Memorial to the Few at Capel-le-Ferne in Kent is a lasting reminder of all those who fought in the Battle
of Britain and those who were affected by it. It is a place for reflective contemplation, reverence and respect. The
Memorial provides its visitors with o site both for commemoration and learning."
On becorning a Charitable Incorporated Organisation (CIO) in 2017 the objects were modified as follows:
"To advanee education in and understanding of the contributions made by aircrew from the UK and Commonwealth
and Allied ¢ountri¢s who flew operationally under RAF Fighter Command in the Battle of Bril&in betwegn July 10 and
October 31, 1940, through the provision of a memorial, visitor centr¢ and such other attractions and commemorativ¢
media as may be deemed appropriate. In addition, to support the surviving tnembers of those Aircrew and their
descendants in preserving the name of the Battle of Brilain Fighter Association in perpetuity.
Visitors are invited to rnake donations towards site maintenance in various collection boxes, more recently by
credivdebil card dirough a contactless donation station at the site, and by purchasing refreshments, unique iteins of
memorabilia and souvenirs. The Scramble Exp¢ri¢nce in The Wing is the only paid-for attraction at the Memorial. 'fhe
response continues to be excellent. visitor numbers are steady and the Experience, together with the shop and ¢afe in
The Wing, the visitor certt￿ opened by Her Majesty Queen Elizabeth and HIU4 Prince Phillip in 2015, have improved
th¢ visitor experienee.
The Trust's objective is to build up sufficient funds to care for and maintain the sile and the Memorial, unveiled by Her
Majesty Queen Elizabeth the Queen Mother in 1993, to the highest possible standards and catry out improvements as
th¢ need arises.
The Trust depends on revenue from The Wing, donations from corporations, individuals and other benefa¢tors, l¢gAcies,
fundraising activities and investment income.
Page 3

THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
RIPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJEcfivEs AND A￿1VITIEs
Achievements in 2024
BHckgrouDd
In 2024 the Trust's activities returned to normal after the disruptions caused by the Covid 19 pandemic. Revenue was
adversely affected ihroughout by the ongoing cost of living crisis and fewer overseas visitors in the year and was below
normal expectations as a result.
Operation Brock
When implemented, to cope with traffi¢ congestion in Dover Docks, during, for example, the Easter break and summer
holidays, Operation Brock, which tums the eastbound Garriageway of ihe M20 into a lorry park, continued to have an
adverse affect on vlsitor footfall.
Cost of Living
There is no doubt that the cost-of-living crisis has had a major effect on the Trnst's financial results in 2024.
Events in the Geoffrey Page Centre
Bvents, films and talks are regularly held in the Geoffrey Page Centre.
Memori81 DAY 7 July
It was agreed in 2022 that Memorial Days would be closed to the publi¢ to reduce overheads. For 2024 it was planned
that there would be a limited number of guests drawn mainly from relatives and friends of the Few. On 7 July 250
invited guests attended. The Chief of the Air Staff, Air Chief Marshal Sir Bichord Knighton, for operational reasons,
had to withdraw as the guest of honour. I-IM Lord Lieutenant of Kent, Lady Colgrain, graGiously agreed to lake over.
Warrant Officer Murugesan Subramaniam, the Warrant Officer of the Royal Air Force, and Mrs Subramaniam also
allended.
Sadly, throughoiit the day heavy rain showers crossed the Memorial, The parade was cancelled and the
commemoratton service was held inside the guest marquee. A Hurricane from the Battle of Britain Memorial Flight
flew past in salute. Between breaks in the showers, guests took the opportunity to lay wreaths al the Memorial and floral
tributes at the Christopher Foxley-Norris Wall, Throughout the day the RAF Central Band was most cooperative in
playing the hymns and calls in the marquee and in marginal weather completed the Sunset Ceremony outside for a
fitting finish to Memorial Day.
Parliamentary Reception
Th¢ Rt Hon th¢ Lord I-Iow8rd of Lympn¢ CH KC, a Friend of the Few, kindly sponsored Rn afternoon reception held by
the Trust in the Attlee room in the House of Lords on 22 May 2024. Our Patron attended and spoke lo most of our 54
guests, This was the third reception held in ihe Palace of Westminster with the aim of promoting the Trust to possible
supporters,
FundrAising
Dame VerA Lynn Evening
On 16 April 2024, in the Wiiig at the Memorial, Susan Fleet, a long-tenn associate of Dame Vera Lynn gave a lecture
oll Dame Vera's life. This was followed by Vicki Lee who performed musical highlights from her Dame Vera show.
A Bit of A CArry On
Tyler Butlerworth, the son of the ttctor Peter Butterworth of the Carry On films fame, gave his lecture about his father
in the President's Room at the Royal Air Force Club on 17 October 2024.
Memorial PathwAy- Blade of Honour
The Trust's Blade of Honour project invites members of the public to fund a tile in memory of anyone who played a part
in the vicÉory of the Battle of Britain, sometimes called 'the Many,. Those who are nominated need io have played an
active support role in tlie Battle of Britain, which ran from 10 July to 31 October 1940. or one month either side of it.
They may, for exarnple, have served as groundcrew, Observer Corps. coastguards, flretnen. or with the National Pigeon
Service, the NAAFI or the GPO. The tiles will be placed along the Memorial's propellor and cost £495 eaGh (inc VA T).
After a slow start. four tiles were in place for Memorial Day.
Page 4

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJEcfivEs AND ACTIVITIES
Marketlng
Following the implementation of our updated marketing strategy in 2023 - designed 8s a long-terni rnAdmap to support
th¢ Memorial's objectives and b¢tt¢r undersland our visitors, needs
we'v¢ seen ¢ontinued su¢¢ess a¢ross multiple
¢h&nnels. Our digilal presence remains strong, particularly on TikTok and Instagram. which ¢ontinu¢ to be k¢y drivers
of both visits and follower growth. Video content consistently achieves high view Counts and comments. indicating
strong user interest and intent to visit. In 2024, we've seen several viral videos across Inslagram, TikTok and Faceb(K)k
(some reaching 265,000 views), significantly boosting follower numbers across platfornls.
Bmail marketing is performing well, with a monthly schedule that includes a dedicated newsletter and a targeted
e-commerce email. Durlng peak periods, such as Christmas. email frequency increases to maximise online shop sales.
This is supported by automated campaigns and solus emails. Open and cli¢k-through rates remain healthy> With the
majority of emails driving revenue for both the online shop and experience packages.
Experience packages continue to see strong demand. In total, 667 packages have been sold through Virgin Experience
Days and our website, generating £32,141 in revenue. Christmas remains a particularly lucrative period for these
paekag¢s. with over 100 packages sold between October and December 2024.
Since early 2022, we have engaged sponsors Ihrnugh our B2B programme. We have su¢¢essfully retained all thre¢
original sponsors for a fourth year - two at the silver ti¢r (£995 per year) and one al bronze (£495), In 2024 and early
2025, w¢ s¢¢ured An additional silver and bronze sponsor, eXp￿dIng our partnership base.
Jn addition to our key initiatives, we continue to deliver core marketing projects, including..
Leveraging our memberships with Visit Kent, the Association of fourisl Attractions in Kent and Muddy Stilettos
Kent.
Prornoting events and special projects, such as the Blade of Honour.
Capturing new footage and imagery of the site and experiences.
Developing an online booking system for The Scramble Experience.
Exploring new third-party partnerships to boost visitors and Scramble Experience licket sales, including platforms
like Love2Visit.
Together. these efforts ensure we maintain visibility• grow engagement and continue driving revenue and footfall for
the Memorial.
Public Relatlons
Public and media interest in the Battle of Britain continues to grow and the Trust looks to capitalise on tl)is interest to
drive footfall to the site. Press and magazine articles, TV and radio opportunities, interviews, advertisements, the
website and sooial media are all iised to raise and maintain awareness of the work of the Trust and the a¢hiev¢ments of
'Tlie F¢w'.
The strong relationship built up with RAF News in 2023 ¢ontinii¢d throughout 2024, with the newspaper running a
wide range of stories on the Trust and the Memorial. These in¢luded an ex¢liisiv¢ interview with Group Captain John
Hemingway, thought lo have been the last of the Few. ¢arri¢d out by the PR consultant at the Group Captain's care
home in Dublin, and a feature oil the maintenance work carried out at the Memorial by volunteers from local businesses
linder the auspices of facilities company Vin¢1 FDIS. The dis¢overy of another mcmbcr of the Few, Flt Lt Ronald
Thompson, also produced some good news copy, as did the updating of the Christopher Foxley-Norris Memorial Wall
in October,
The Memorial continued to work closely with the broadcast media and provide interviewees in IEsponse to niimerous
requests. That close co-operation saw the Memorial featured on both BBC at)d ITV Meridian during the year as well as
in several BBC Radio Kent broadcasts. The Hon. Sec., Group Captain Patri¢k Tootal, was also interviewed on national
television about the Barclays 'de-banking' saga, with the interview prompting many thousands of pounds in donations
from viewers.
After winning the Gold A ward in the Small Visitor Attraction of the Year category of the Beautiful South Tourism
Awards at the end of 2023. the memorial went through to the national Awards for Excellence in the Spring of 2024 and
was again suc¢¢ssful, Coming away with a Bronze Award.
Page 5

THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJEcrtVES AND ACTIVITIES
The website continues to be kept up to date wlth relevant news articles. features, book reviews and other items of
interest and continues to prove popular, with statistics that back up that popularity. Online sales continue to grow and
there has been signifJ¢ant promotion of new ventures such as the Trust's busin¢sg sponsorship opportunities, Gream tea
'experi¢n¢¢s'. Sunday afternoon talks and new fund-raising venthres such as the Blade of Honour projecl and the 30th
anniversary fund-raising appeal. There was also considerable coverage of the stomi damage to the Spitfire repliGa, its
removal for repair and th¢ later arrival of the new replica.
new website page dedicated to promoting the electronic database of infom)alion about members of the Few.
introduced in 2022, continues to be regularly updated, with new blogs highlighting Some of the stories within Ihe
material available online. This is part of a rebranding of the online version of Kenneth Wynn's Men of the Battle of
Britain to reflect the enormous amount of work input by Trust representatives, particularly consulting editor Geoff
Simpson and his team, since the Trust acquired the rights to the book.
A range of different newsletters, including a monthly updat¢, is now circulated by email lo a steadily growing number
of subscribers, and an annual printed newsletter is sent to fqriends of the Few, along with the annual 1940 publi¢ation,
which since 2018 has been produced by the PR ronsultant. Work was well underway by the end of 2024 on issue 25,
which came out early in the new year.
Regular press releases were sent to local and specialist newspapers and magazines, on occasions supported by paid
advertising in inagazines focusing on travel, coach visitors, aviation and history. The Trust continued to advertise in
range of publications produced by the Battle of Britain Memorial Flight to capitalise on Ihe shared interests of the
readership.
PR support was provided during the year for a range of events ai The Wing and elsewhere, including the D-Day 80th
anniversary beacon lighting, Sunday talks, the Vera Lynn and Tyler Butterworth events and Dilip Sarkar MBE'S
ongoing book launches to promote the series being published in association with the Trust. Another of the popular
Airfix Make and Paiiil events was held in The Wing in February, allowing families to build and paint model aircraft
with the assistance of volunteer'experts,, contributing a reasoiiable amount of revenue lo Trust funds at the same time.
The Trust is an active member of groups including Visit Kent and the Association of Tourist Atlra¢tion8 in Kent
(ATAK). It takes part in joint ¢amp&igns wherc these can be shown to offer a benefit to the charity and has been
particularly successful at submitting ¢opy for a range of Visit Kent publications. The Trust has also supported the I I
Group Network, aft amalgamation of like-lninded organisations which has begun to 'find ils feet, after a somewhat
muddled start. Membership is frec and the Trust is playiiig a leading rol¢ in developing it into a useful vehicle for joint
promotion. The Trust also benefited from membership of the group when one member was looking for a home for a set
of the six-volume War in Pictures, published by Odhams, now housed in the library at Hunting Lodge.
Membership of ATAK in¢lud¢s regional exposure in the Best Places to Visit bro¢hure which is circulated far and wide
a¢ross Éhe South East and the opportunity to promote events and news stories related to the Memorial on the ATAK
website.
The Memorial again supported Visit Kent's 2024 Big Weekend event, providing free tickets for visitors as parl of a
County-wide awareness-raising campaign. While take up was somewhat disappointing, the day introdiiced the site to
new families who, it is hoped, may I'eturn with friends. In addition, the Trust receives GDPR-complianl data from fill
those familles signing up, adding significantly to our mailshot activities.
In 2024 the 'frust became a member 0£ and promoted, the Wheels of Time scheme that encourages youngsters to
collect badges from as many museums and other attractions aGross Kent and add them lo a special lanyard.
Films And Tttlks
The Sunday afternoon films and talks continued in Spring and Autumn of 2024. These are arranged as parl of the
package offered to subscribing Friends of the Few, bul places are offered to their guests and to members of the public.
The Trust is gr&teful to the presenters. who provide their films and talks at no cost.
Page 6

THE BATTLE OF BRITAIN M￿mORIAL TRUST CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJEcfivEI S AND AcfiviTIES
Schools Visits, CorporAtelGroup Bookings and Experience Tours
The Geoffrey Page Centr¢ is designed to be used by schools durtng th¢ day and by corporate groups in the evenings or
at other times when it is not being used by s¢hools. The Trust has prepared a range of educational material that is made
available to t¢Rchers on request. Hunting Lodge is now also available for school parties and corporate use. In 2024 the
Trust took 20 bookings from schools whi¢h in¢ludes foreign schools. A total of 717 pupils learned about ihe Battle of
Britain and toured The Scramble Experience. Bookings have increased, as have enquiries and bookings from Fren¢h
and Dutch Schools for 2024. In addition, there were 36 corporate event bookings and 49 group bookings in 2024,
included bookings from Kent Police Rec￿tion.
Friend8 of the Few Associatlon
Following its inaugurntion in October 2000. the Friends of the Few was fonnally launched on l January 2001. It was
fomied with the key role of preserving within the national memory Ihe air battles of1940 and supporting the National
Memorial to the Few at Capel-le-Feme.
Membership subscriptions are spent, after deducting running costs, on maintaining the Memorial and site. The annual
newsletter and the annual magazine 1940 are well received by Friends. Events such as the talks and, recently, films at
The Wing Are designed as an additional altra¢lion for members, who can now join on-line as well as by responding to a
promotional leaflet.
At the end of 2023 the Trust was "d¢-banked' by Barclays Bank who were the Trust's original bankers. On the I
January 2024 some 265 original Friends had their standing orders rethmed. A great deal of effort was needed in 2024 to
ask the members concerned to rcnew the membership fees through the Trust's CIO ￿coUnt. A total of 35 new members
joined in 2024, The Trust lost 14 members, of which 10 sadly passed away and 4 Memberships were cancelled. There
were 555 members on 31 December 2024.
The Alr Cadet Affiliatlon Schekne
Tlle Air Cadet Affiliation Scheme was launched in August 2009 to encourage young people to take an interest in the
Memorial and the Batlle of Britain.
With the agreement of the Commandant, Air Cadets, invitations to become FIonorary Friends of the Few were initially
sent to Air Training Corps (ATC) squadrons bearing the numbers of Squadrons Involved in the Battle of Britain or
based at locations associated with the Battle. To date a Signifi￿nt number of squadrons nationally are Affiliated,
in¢luding the whole of Kent Wing.
Following the re-organisation of the ATC and CCF and re-branding as Royal Air Fo￿e Air Cadets, the affiliation
s¢heme remains open to all units.
The Trust receives excellent support fiDm Kent Wing, particularly during Memorial Day* when the Air Cadets provide
the majority of the 'blue uniforms, at the Memorial and receive numerous compliments about the way they represent th¢
parent seryice.
The Wing
Since its opening in 2015, Tile Wing has received a number of design and building excellence awards from various
signAfi¢ant bodies. The cornplete roll call to date is.. Projcct of the Year and first place in the Cominercial, Industrial and
Retail category of thc Kent Design and Development Awards. Winner of the Tourism and Leislire category of the RICS
Awards South East 2016. Ilighly Commended in the Small Commercial Building category in the Local Authority
Building Control {LABC} Building Excellence Awards 201 S. Winner of the Best Small Commerci&l Building category
in the LABC Soiithern Region Awards. Overall Winner and first place in the Excellence in Planning and Design for the
Public Realm category of the Royal Town Planning Institute (RTPI) South East Awards for Planning Ex¢ellen¢e 2015.
The Memorial has also done well in other competitions, including winning the Hidden Gem ¢ategory in the fjrst ever
Visit Kent Tourism Awards.
The Christopher Foxley Norris Memorial Wall
The Christopher foxley-Norris Memorial Wall is a major asset to the Memorial and has attracted favout2ble comments
from visitors. There is an ongoing appeal to apply lo Friend5 of the Few and metnbers of the public to sponsor
individual names on the Wall for a minimum donation of £40. During 2024, 22 people sponsored names on the wall.
Page 7

THE BATfLE OF BRITAIN MEMOIUAL TRUST CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTIVES AND ACTIVITIES
Audio tour
In August 2024 an audio guide w&8 launGhed using the free platform izi.travel. It is available for use onsite and at home,
and is currently running in sev¢n languages.
Memorial Maintenance
The ex¢ellent grass cutting service provided by Dover District Council continued in 2024 and is a most cost-effective
w&y of maintaining the extensive grass ar¢&s of the site. The Trustees are grateful to the council for its generous
5UPPOrt. Mr Young, a contractor first appointed for 2008, looks after the car park, the Hunting Lodge surrounds, the
replica aircraft bases and the weeding of the paved areas of the Memorial. This modest contract does much to increase
the cared-for look of the Memorial, which attracts favourable comment from visitors.
Memorial Management
Memorial Manager Major (Ret'd) Julian Gomez runs the Memorial site and Hunting Lodge. He is supported by a
full-time assistant manager and four other members of staff, together with an arrny of some 33 willing volunteers. Two
zero contract staff now augment the staff and volunteers. The staff are always well presented, manage The Wing and the
sile effectively and go out of their way to make visitors feel welcome. The Trust receives wonderful support from the
Trust's voluntary helpers. The Trustees wish to record their grateful thanks to staff, volunteers and others who willingly
donate their services to the cause.
Vl$ltor Numbers
With the help of an improved counting system the total number of visitors in 2024 was 75,000 which was similar to ihe
numbers in 2023. However, as the average spend per visitor has perhaps halved following the rise in the Cost of living. a
greater number of visitors is needed for the Mernorial to break even. On the plus side, the number of visitors to the
Scramble Experience has increased.
The rnarkeling and PR consultants worked closely to maximise the numbers visiting when they could and to encourage
people to support lh¢ charity. A greater focus is now placed on encouraging visitors to donate, with smartphone QR
codes placed in prominent positions around the building.
Huntlng ￿dge
Hunting lA)dge was used for several purposes plann¢d during 2024. Trustees meet in the Lodge and it was hired out for
business and other meetings.
The library has been ¢ompletely ¢alalo8ued and the catalogue has been compulerised thanks to the generosity of the
Smarden Historical Group, which supplied its bespoke archive programme free of charge. The system is also being used
to record items of interest in an archive using photographic rec4)rds.
Pffirtnerships
The Triist works with Kent Ambassadors and the media tr> pi'oinote its activities. It has continued lo develop and prote¢t
its relationship with local people in tlie parish of Capel-l¢-Ferne and enjoyed great local 5UPPOrt during the year under
review.
Links continue with the team at Headcorii Aerodrome, which is home to Aero Legends, the company which flies
passengers in vintage aircraft in¢liiding Spitfires and regularly overflies the site at Capel-le-Feme. The Trust has also
developed links with the Biggin Hill Heritage Hangar, which also regularly flies over the Memorial. The Trust has also
worked with Dover Arts Development on several initiatives and continues lo work closely with the Kent Battle of
Britain Museum at nearby Hawkinge and with tourism agencies including Visit Kent and the Association of Tourist
Attra¢lions in Kent.
Public benefit
The Battle of Britain Memorial Trust CIO meets the definition of a public benefit entity under FRS 102 and the trustees
confirm they have had regard to the Charity Commission's guidanG¢ on public benefit.
FINANCIAL REVIEW
Finllncial position
At 31 De¢¢mb¢r 2024 the Trust's funds totall¢d £3,558.712 (2023 - £3,756,196).
Page 8

THE BATTLE OF BRITAIN MEMORIAL TRusr cio
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Principal funding sourees
The Trust can only survive and Garry out its mission into the future with significant donations, such as gifts and
legacies, from thos¢ who wish it well. It received many b¢quest$ and legacies tolalling £166,040 in 2024 (2023
£26,352). The Trust Continues to promote for bequests and lega¢ies.
The total incoming resources totalled £566,807 (2023 - £359,050).
Investments
The Trustees employ Investec Wealth & Investment as brokers and advisors for the investment portfolio. The portfolio
is managed with ihe objective of providing income towards the running Costs of the Mernorial. Security of capital is of
prime importance and so the portfolio is invested primarily in flxed interest securities, both bond5 and preference
shares. The balance is invested in a small number of mostly higher-yielding equities and Investec has a dis¢￿tiOnarY
mandate to manage these and the remainder of the portfolio while bearing in mind a moderate level ofrisk. In additioi),
the Trust has over £500,000 invested in the Arnled Forces Common Investment Fund managed by BlackRock.
Reserves
The Trust's totsl reserves at 31 December 2024 stood at £3,558,712 (2023 - £3,756,196). This figure includes the fixed
assets used to ¢arry out the Trust's activities, which total £2,734,751 (2023 £2,879,839). Therefore the trnstees
¢onsAder Ihe "free reserves" to be £823,961 (2023 - £876,357).
The trustees continue to monitor the level of reseryes required and this is especially relevant at this time. To that end,
the Finance & General Purpose Commillee of the Trust meet regular And consider the level of reserves, At present, a
policy of six months ¢xp¢nditur¢ is Considered relevant before any reali8ation of other investments may be required. As
indicated, should the need arise, investments will be realised to ensure sufficient funding is available to meet ihe
reserves level for ilie upcoming period. This policy is cu￿entlY above that which the trustees feel is prudent al the
current time lo meet unforeseen mhinlenance and capital costs. We have been throug]) a financially di￿lCUlt period and
will continue lo do so into 2025. 'fhe Finance & General Purpose Committee regularly monitor the financial position of
the Trust Rnd ￿e mindfiil that the need to liquidate reserves rnay occur, and have the willingness to do so at the
approprlate tiine.
STRiiCTURE, GOVERNANCE AND MANAGEMENT
OrganlsAtlon
The Trust's objects, powers and other constitutional matters are set out in the Trust deed. It is governed by the Trustees,
who nieet four linies a year. A finance & general purposes committee, made up of the Chairrnan, Hon. Treasurer, Hon.
Secretary, & Truslee, and the site manager, meets when necessary between Trust meetings. The names of Trustees
appear in the list of Trustees and Advisers on page l. There is also a Memorial Day Planning Cornmittee, chaired by the
Hon S¢cr¢lary, which comprises key Trustees and the Trust's Events Organiser and PR Consultant and is responsible for
planning and arranging the annual Memorial Day. To en¢ourage the full use of the edu¢alion fa¢iliÉies at the Geoffrey
Page Centre within The Wing and Hunting Lodge, there was an Education Sub-¢ornmitte¢ under the Chairmanship of
the Hon Secretary. It Comprises key Tnjstees, the PR Consultant and a co-opted rclired lea¢her. This sub-committee
did not meet in 2024.
New Trustees join the Trust at the invitation of the Trustees.
By a Deed of Variation of Trust dated 3 October 2002, the Trnslees agreed that the number of Trustees could be
increased to 20 and that sub-committees could be appointed to manage specific duties and functions as directed by the
Trustees. The Deed of Variation also allowed the Trust to make investments and pursue modest trading activities.
The Battle of Britain Memorial I'rust CIO came into effect on l January 2017. The Battle of Britain Memorial Trust
continues to exist alongside the CIO.
Patron
HRH Prince Michael of Kent GCVO has been the Patron of the Trust since 19 November 2003.
Page 9

THE BArnK OF BRTfAllYMEMORIAL TRUST ao
REPORT OF THI TRusfEES
FOR THE YEAR ENDED 31 J)KC£MBER 2(124
The trnstv3 have examincd thc major str&t¢gi¢. busiw and oprAational risks involvcd in the Trugt's &ctsvrties and Bre
salisfied that appropriatc reports and Inforn)ation have been produc¢d to allow th¢m to nm the Thisvs operations
The Tntst runs a pffpvtual risk in¢ludin8 ¢valu&tion the risks r¢gardiog the property. which Are 8dth¢8sed
with adequat¢ itisurnnce and amiual h¢RIth and Safety audits. The charfty 18 aJ80 vay aware of the possibillty of lack of
publlc interest in the Battle of BrltalTh and Is activety ¢ontinuing to inv¢stigats ways in whith this can be brought to the
continued attentlon of all thThgh continued Marketi￿ expenditure and othw publi¢ r¢lation and m¢dia activiti￿.
EVENTS SINCE ThE END OF YEAR
Infom]ation relating to ev¢nts sin¢e tho end of the year Is gly￿ In th¢ notcs to the flliancial ststcm¢nts.
STATEMWf OF TRUSTEES, RESPONSIBILTfiES
The t￿￿te¢S are responsibl¢ for prepatlng the Report of the and the financial 8tat¢ments in aC￿rds￿e¢ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accemed Accounting Pradirx)
kocluding Financlal Reporting Standard 102 'The Financial Keportlng StaDdwd applicable in the UK ond Rewblic of
Ireland#
Th# law applicable to ¢hariti¢s in EDgland and Walw the Thjrities A¢t 2011. Charlty (Ac￿ll￿ts and Rep￿ts)
Rcgulation8 2008 and the provisions of the trust deed rquires the lrnstees to pr¢pAre financAal stskments for ¢ath
fihanclal year which 8ivc a truc #nd fair view of the stAts of affairs of the charity and of the Incoming resowces and
application of resources, including the income and expenditur4 of th¢ charity for that pcrlod In prq)aring thos¢
rman¢ial slatements, th¢ tn¥t¢¢8 are required to
Belect sultsble accounting poli¢i¢s and then apply them CODSiStcndy:
observ¢ the m¢thods and principles in the CharAty SORP.
make jud8ements and e5tim&teg that arc reagonable and pru&¢
8tate whether applicable accounttn8 8tfindards have been followed. subject to kny matsriat departur¢s disclos¢d and
explalned in th¢ financial 8tatcments:
prepare the financial st&t¢m¢nts on the going concern basis unle85 it is inappropriats to presume that the eharity wlll
ntinue In busine
The trnstees are responsible for keepyn8 proper accounting re¢ords which disclo8¢ with rewnable accuracy at any lime
the fmanciAI position of the tharity and lo ¢nabl¢ them to ensurc that the fjnancial statcments ¢omply with th¢ Charittes
Act 2011. the (A¢eounts and Reports) R¢gulations 2008 and the provisions of the tr￿¥t deed. They are also
respO￿lbIe for safeguardin8 th¢ assets of thc charity and hence for takb)8 regsonable Steps for the prevention and
d¢t￿tIon of fraud and other itr¢8ularities.
Approved by order of the board 0ftrust￿$ on
•J&fvQ 20%>... and sI￿¢d on its behalf by:
Mr R H Hunting- Itustee
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BATTLE OF BRITAIN MEMOIUAL TRUST CIO
Opinion
We have audited the fmanclal statements of The Battle of Britain Memorial Trust CIO (the 'charÉty') for the year ended
3 L December 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement
and notes to the financiaI statements, including a surnmary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial
Reporting Standard appllcable in the UK and Republi¢ of Ireland,.
In our opinion the financial statements..
give a true and fair vA¢w of the state of the charity's affairs as at 31 December 2024 and of Its incoming resources
and application of resour¢¢s, for the year then ended.
have been properly prepared in accordan¢¢ with United Kingdom Generally Accepted Accounting Practice,
including Financial Reporting Standard 102 'The fiinancial Reporting Standard applicable in the UK and Republic of
Ireland" and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in oc¢ordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in th¢ Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements thai are relevant to our audit of the financiol statements in the UK, including the FRC'S Ethical Standard,
and we have thlfilled our other ethical responsibilities in accordance with these requirements. We believe thAI the
audit evidence we have obtained is sufficient and app￿priate to provide a basis for our opinion.
Concluslons reliting to golng concern
In auditing the financial statements, we have ¢oncluded that the trustees, use of the going concern basis of acwunting in
the preparation of the finanGial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the chhrity's obilily to continue as A going concem for a
period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilitics and the responsibilities of the trustees with respect to going ¢on¢ern are described in the relevant
sections of this report.
Other Information
The trustees are responsible for the other information. The other information cornprises the information included in the
Annual Repoi%, other than the financial statements and our R¢port of ihe Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion the￿on.
In connection witli our audit of the financial statements. our responsibility is to read the other information and, it) doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially Inisstated. If we identify such material inconsistencies or
apparent material inisstatements, we are reqiiired to determine whether this gives rise to a material misstatement in the
financial statem¢nts themselves. If, based on the work we have performed, we conclude Ihal there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in thi5 regard.
Mfitters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations
2008 requires us to report to you if, in our opinion:
the information given in the Report of the Trustees is inconsistent in any material respect with the financial
sl'atemenls. or
sufficienl accounting recoids have not been kept. or
the financial Statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Pagell

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BATfLE OF BRITAIN MEMORIAL TRUST CIO
Responsibilities of trnstees
As explained more fully in the Staternent of Trustees, Responsibilities. the trustees are responsible for the preparation of
the financial statements which give a trne and fair view, and for such internal control as the trustees detern)ine is
necessary to enable the preparation of financial statements that are fre¢ fmm material misstatement, whether due to
fraud OT error.
In Preparing the finan¢ial statements, the trustees are responsible for assessing the charity's ability to continue as a
going concern, disclosing. as applicable, matters related to going concem and using the going concern basis of
accounting unless the trustees either intend to liquAdat¢ the charity or to cease operations, or have no realistic alternative
but to do so.
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
Our responsibilities for th¢ audit of the finanelAI slatements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the fmanoial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that includes
our opinion. R¢asonabl¢ assurance is a high level of assurance, but is not a guarantee that an audit conducted i
accordanc¢ with ISAS (UK) will always d¢le¢t a material misstatement when il exists. Misslatemenls Can arise from
frdud or error and ar¢ ¢onsidered material if, individually or in the aggregate, Ihey could reasonably be expected to
influence the economic de¢isxons of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing ihe risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, was as follows:
the engagement parther ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the charity through discussions with trustees and other
management.
we fo¢used on specifi¢ laws and regulations which we considered may have a direct mat¢rial eff￿t on the
financial statements or the operations of the ¢harxty, including the Charities Act 2011 and FRS 102.
identified laws and regulations were communicated within the audit team regularly and the team remained alert
lo instances of non-compliance throughout the audit.
We assesscd the SUS¢¢Plibility of the charity'S.financial statements to material misstatement, including obioining an
understanding of how fraud might occur, by..
making enquiries ofmunagement as to where they considered there was susceptibility lo fraud, their knowledge
of actual, suspected and alleged fraud. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
perfornied analytical procediires lo identify any iinusual or unexpected relationships.
tested journal entries lo identify unusual transaclions.
assessed whether judgements and assumptions made in determining the accounting estimates were indicfttive of
potential bias. and
investigated the rationale behind signifi¢ant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
in¢luded, but were not limited to:
agreeing financial slat¢ment disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance.
enquiring ofmanagement as to actual and potential litigation and claims. ftt)d
reviewing Correspondence with relevant regulators and the Gompany's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are
from finan¢ial transactions, the less likcly it is that we would become aware of non-¢ompli8nce. Auditing standards also
limit the audit procedures r4uired to identify non-compllance with laws and regulations to enquiry of the trustees and
other management and the inspection of regulatory and legal corr¢sponden¢e, if any. Material misstatements that arise
due to fraud can be harder to detect than those that arise from etror as they may involve delibetzte ¢on¢ealment or
collusion.
A further des¢ripÉion of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This des¢ription forms part of our Report of the
Independent Auditors.
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
Use ofour report
This report is made solely to the charity's trustees. as a body, in accordance witb Part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those
rnatters Iwe are required to state to them in an auditors, report and for no other purpose. To the fvllest extent perniitted
by law, we do not accept or assume responsibility to anyone other than the charity and the ¢harity's trust¢¢s as a body,
for our audit worK for this report, or for th¢ opinions we have forn)ed.
Mccabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlion House
Dour Street
DOVER
Kent
CT16 IBL
Date..
2S
Page 14

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
224,835
224,835
70,054
Other trading activities
Investment income
Other income
213,838
34,310
213,838
34,310
151.642
50,500
86.854
Total
566 807
566 807
359050
EXPENDITURE ON
ChAritable aetivities
Heritage and Education
654,511
654,511
633,519
Other
153 621
153 621
223 616
Total
808,132
808 132
857 135
Nel gainsl(losses) on investments
NET INCOMEI(EXPENDITURE)
(197,484)
(197,484)
(503,188)
RECONCILIATION OF FUNDS
Total funds brought forward
3,756,196
3,756,196
4,259,384
TOTAL FUNDS CARRIED FORWARD
3 558 712
3 558 712
3 756 196
The notes form part of these finan¢ial State￿entS
Page 15

ThE BArnE OF URrrAIN MEMORIAL TRUST CIO
31 DECEMBER 2024
2023
Total
nds
funds
FIXED ASSETS
Intangible assets
Tangible
Inv¢stm¢nts
13
21.000
14
2.734.751
15 ￿308
21.(100
2,734,751
1018 308
21.0￿)
1879.839
1080 996
3.T14.059
3.774,059
3,981,835
Debtors
Cash at bank
16
109.723
109.723
159253
164.458
164.458
172547
CREDTfoRS
Amounts falling du¢ wAthln one y¢ar
17
(68,569)
(68,569)
(71,615)
100932
TOTAL ASSETS LE&S CiJRR
3.869.948
3.869,948
4.081767
CTrEDm)RS
Amowits falling due v4ft¢r more than one year
18
(311,236)
(311236)
(326,571)
NET ASSETS
3 558 712
3 558 712
3 756 196
3 558 712
3 756 196
3 $58712
3 756 196
The fffiancial statements were approved by the Bowd of TN6tee8 and authorised for i68ue on
.. and wer¢ on its behalf by."
Mr R H Huntin8- Truste¢
The note8 forni part of these financial statements
Pag¢ 16

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
C8sh flows from operating activitie
Cash generated from operations
Interest paid
24.257
(191.894)
Net cash used in operating activities
224 885
Cash flows from Investing activitles
Purchase of tsngible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Unrealised gain on investments
Interest received
Dividends received
(70.174)
(64,577)
193,929
(22,823)
140
(3,820)
(298,183)
476,022
(20,286)
16
Net cash provided by investing activities
C*$h flows from flnanelng aetlvlties
Proceeds from borrowing
Nel cash used in financing activilies
23,335)
29 129)
ChAng¢ In cAsh and cash equivalents in
the reporting perlod
CAsh and cash equivnlents at the
beginning of the reporting porlod
41.441
(49,781)
CNsh ind chsh equlvalents at the end of
the reporting perlod
The notes form parl of these financial statements
Page 17

THE BATTLE OF BRITAIN mEMoR￿L TRUST CIO
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
RECONCILIATJON OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expenditure for the reporting period (as per the Statcment of
Fill￿nCiAl Activi¢ies)
Adjus¢ments for:
Depr¢¢iation Charges
(Gain)/losses on investments
Jnterest received
Interest paid
Dividends received
Decrease in debtors
IncreAse in creditors
(197,484)
(503.188)
215.262
(43,841)
(140)
30,146
(34,170)
49,530
218,963
5,103
(16)
32,991
(50,484)
102,587
Net cash provided byl(used In) op¢Yatfion9
191894
ANALYSIS OF CHANGES IN NET DEBT
Atl.1.24
Cash flow
At31.12.24
Net eA8h
Cash at bank
Debt
Debts falling due within l year
Debts falling due after l year
(29.500)
(326 571
8,000
(21,500)
(311236)
(356 071
(332 736
Total
(342 777
(278 001
The notes form part of these financial statements
Page 18

THE BA￿LE OF BRITAIN MEMOIUAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The
charity number and regist¢r¢d 0￿1¢¢ address can be found on the R¢ference and Administrative Details pag¢.
The presentational curren¢y of the financial statements is the Pound Sterling (£).
ACCOUNTJNG POLICIES
Basis of prepAring the finaneRal statements
The financial stalements of the ¢harity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitles: Stalemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The FAnan¢ial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The finan¢ial statements havc been prepared under the historical cost
convention, with the exception of investments which are included at market value, as modified by the
r¢valuation of certain assets.
The trustees consider that there are no materi81 uncertainties about the charity's ability to Continue as a going
oon¢em.
Flnanclal reportlng standard 102- redueed diselosure exemptions
Preporation of cons01idAtcd financial stfitements
The financial statements contain infomlation about The Battle of Britain Memorial Trust CIO as an individual
harity and do not contain consolidated fEnancial information as the parent of a group.
Significant judgements find estlmAtes
The preparation of the financial slalements requires the trustees to make estimates and assumptions that affect
the amounts reported in the financial statements. The trustees believe that the critical Rccounting policies where
judgements or estimates are necessarily applied are summarised below.
DepreclAtion And residual vfilues
The trustees have reviewed the asset lives and associated residual values of all fixed asset classes,
and have concluded that asset lives and r¢8idLial values are appropriale.
Income
All income is re¢ognised in ihe Statement of Finan¢ial Activities once the charity has entiilement lo the funds, it
is probable Ihat the incomc will be received and the amount ¢an be measured reliably. Th¢ following specific
policies are applied to particular categories of incoine:
incoine from donations or grants are recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income is i'ecognised when receipt is probable and enlillement is established.
income from donated goods is n)easured at the fair value of the goods unless this is iinpraclical to
measure reliably, in wliich case the value is derived from the cost lo tl)e donor or the estiinated
resale value. Donated facilities and services are recognised in the accounts when received if the
value call be reliably measured. No amounts are included for the ¢ontribution of general volunteers.
income from contracts for the supply of services is re￿gnised willi the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if iinspenl, in which case il. Inay be regarded as restricted.
Government grAnts
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the charity
re¢ognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as
compensation for expenses or losses already incurred or for the purposes of giving immediate financial support
lo the charity with no future related costs is recognised in income in the period in which it becomes rec¢ivable.
Page 19
continued...

THE BATTLE OF BRrfAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBIR 2024
ACCOUNTING POLICIES- continued
Expenditure
Llabilities are recognised as expendithre as soon as there is a legal or constructive obligation Gommitting the
charity to that expendilure, it is probable that a transfer of ¢¢onomiG benefits will be required in settlement and
the amount of th¢ obligation can be measured reliably. Expenditure is accounled for on an accruals basis and has
been classified under headings that aggregate all ¢ost related to the category. Where costs cannot be directly
attribuled to particular headings they have been allocated to activities on a basis Consistent with the use of
resources.
Penslon
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension
scheme are charged to the staternent of financial activities in the perlod to which they relate.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently slal¢d at cost less any accumulated
amortlsation and impaimient losses. Any intangible assets carried at revalued amounts, a￿ recorded at the fair
value at the date of revaluation, as determined by reference to an active market, less any subsequent
a¢¢umulated amortisation and subsequent accumulated Ampainneni losses. Intangible assets acquired as part of a
business combination are recorded at the fair value at the aquisition date.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Land and buildings
Memorial wall
Hurricane and Spitfire
Fixtures, fittings & equipmeiit
20A on cost (buildings)
20/0 on cost
50/0 on cost
25 % on reduciiig balance
Impfiirnient of fixed assets
A review for indicators of Ampairnlent is carried out at each reporting dale, with the recoverable amount being
estimated where such indicators exisL Where the cariying value exceeds the recover&blo amount, the asset is
impaired acoordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value
Cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with clianges in fair value being recognised in income or
expenditure.
RelAted party exomptlon
The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The
Ftnancial Reporting Standard applicable in the UK hnd Republic of Ireland,, not to disclose related paty
transactions with wholly owned subsidiaries within the group.
Taxation
The charity is exempt from tax on ils charitable activities.
Fund aceounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds eatmarked by the trustees for a particul￿ future proje¢t or commitment.
Restricted funds can only be used for particular restricted puryoses within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is in¢luded in the notes to the financial statements.
Page 20
continued...

THE BATTLE OF BRITAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCJAL STATEMENTS- eontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES- continued
FinAnclg1 Instruments
Financial liabilities and equity instruments are classifled according to the substance of the Gontra¢tual
arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transacÉton price. Any losses arising from impairment are recognised in the sthtement of flnancial activities in
other administrative expenses.
Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairni¢nl. If an arrangement
constitutes a fInance transaction it is measured at present value.
DONATIONS AND LEGACIES
2024
2023
Donations
Collection boxes
Bequests and le8a¢ies
Sponsorship
38,289
17,526
166,040
24.909
16,308
26,352
224 835
OTHER TRADING AcfiviTIES
2024
2023
The Scramble Experience
Friends of the Few Association
Car park
F4unctions
Appeals
Insurance payout
55,203
10,420
23,086
52,429
16,200
49,418
13,984
16,712
58,828
12,700
213 838
151642
INVESTMENT INCOME
2024
2023
Income from listed investments
Deposit account interest
34,170
140
50,484
16
Pag¢ 21
continued...

THE BATTLE OF BRITAIN Tr￿MoRIAL TRusr cio
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
OTHER INCOME
2024
2023
Royalties and li¢¢nGe fees
Oth¢r income
48
154
93.824
CHARITABLE AcfiviTIFS COSTS
Direct
Costs
Heritage and Education
654511
SUPPORT COSTS
Governance
costs
Other
Totsls
Other resources expended
135 279
153 621
Support Costs, included in the above, are as follows:
Other
2024
Other
resources
expended
2023
Total
activities
General office
Motor and travel
Legal and professional
Bank interest and charges
Exceptional items
39,299
4,621
4,871
30,146
45,880
7,143
279
32,991
114325
135 279
200 618
GovernAnce costs
2024
Other
re50urce5
expended
2023
Total
activlties
Auditors, remuneration
Bookkeeping costs
6,057
6,000
18,342
Page 22
continued...

THE BATfLE OF BRITAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - eonlinued
FOR THE'YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REMUNERATION APID BENEFITS
There were no trustees, remuneration or other benefits for the year ¢nde4131 December 2024 nor for the year
ended 31 Decemb¢r 2023.
Trustees, expenses
Office rent totalling £4,500 (2023 - £4,500) was paid to a trustee during the year.
Travel and other expenses totalling £6,863 (2023 - £7,877) were paid to three (2023 - two) trustees during the
year.
Jo.
STAFF COSTS
Remuneration was paid as follows..
2024
2023
Wages
Social security Costs
Pension costs
189,547
9,540
189,713
9,389
202 716
202 837
The average number of employees during the year was 10 (2023 - 10). No employee received more than
£60,000 in the year (2023 - nil).
The pension cost in the year amounted to £3,629 (2023 - £3,735).
ii.
EXCEIryIONAL ITEMS
In 2023 the trustees undertook an exercise to review the level of indebtedness of The Battle of Britain Memorial
Limited to The Battle of Britain Memorial CIO. The Honorftry Treasurer reviewed the level of recharges made
and it was ¢on¢luded that liistoric recharges for salaries were too high, and the intercompany loan has been
reduced by £114,325. Legal advice is being sought as to how to deal with the remaining balance and charges
going forward.
In 2024, the trustees undertook legal advice, and it was concluded that the subsidiary company's trade would be
absorbed by the parent charity, The Battle of Britain Memorial Trust CIO in 2025. As a result of this decision a
further £56,324 has been written off from the inÉer¢ompany loan, as tlii5 is the amount deemed to be
irrecoverable on amalgamation of the two entities activities.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENfs FROM
Donations and legacies
70.054
70.054
Other trading activities
Investment income
Other income
151,642
50,500
86,854
151,642
50,500
Total
359 050
359,050
Page 23
continued...

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS- con¢lnued
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
EXPENDITURE ON
Unrestricted
funds
Restrictsd
funds
Total
fund8
ChAritAble activities
Heritage and Education
633,519
633,519
Other
223 616
223 616
Total
857 135
857 135
Net gainsl(losses) on investments
NL'f iNCOME/(EXPENDITURE)
(503,188)
(503,I88)
RECONCILIATION OF FUNDS
Total funds brought fonvard
4,259,384
4,259,384
TO'fAL FUNDS CARRIED FORWARD
3 756 196
3 756 196
13.
INTANGIBLE FIXED ASSLTS
Trademarks
COST
Al l January 2024 and 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
Page 24
continued...

TIIE BATTLE OF BRITAIN MEMOIUAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
TANGIBLE FIXED ASSETS
Hurricane
Fixtures,
fittings
& equipment
Land and
buildings
Memorial
wall
Spitfire
Totals
COST
At l January 2024
Additions
Disposals
4,471.590
146,111
49,772
69,055
49 772)
206,101
1,119
4,873.574
70,174
At 31 December 2024
4 471590
207,220
4 893 976
DEPRECIATION
At l January 2024
Charge for year
Eliminated on disposal
1,750,072
201,064
33,714
1,572
49,772
9S9
49 772)
160,177
11,667
1,993,735
215,262
Al 31 December 2024
1951 136
959
171844
2 159225
NET BOOK VALUE
At 31 De￿mber 2024
2 520 454
110825
2 734 751
At 31 December 2023
2721518
112397
2 879 839
Is.
FIXEI D ASSLT INVESTMENTS
Shares in
8roup
undertakings
Listed
investments
Tothls
MARKET VALUE
At l January 2024
Additions
Disposals
Revaluations
1,080,995
64,577
(150,088)
1,080,996
64,577
(150,088)
At 31 December 2024
018 307
1,018 308
NET BOOK VALUE
At 31 December 2024
1018 307
1018 308
At 31 December 2023
080 995
1080 996
There were no investment assets outside the UK.
The shares in group undertakings relate to The Battle of Britain Memorial Limited.
Listed investments are held at their fair value. The shares in the group undertakings are held at cost.
Listed investments held are all readily marketable and have been valued by reference to the mid-market price
provided by the fund managers.
Page 25
¢ontinued...

THE BATfLE OF BRITAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
DEFfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors and prepayments
Amounts due from group
undertakings
10,927
37,152
13,963
22,178
123 112
109 723
159 253
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 19)
Trade creditors
Social securtty and other taxes
Other creditors and accruals
21,500
20,296
4,725
29,500
15,797
5,353
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see nole 19)
311236
326571
19.
LOANS
An analysis of the maturtty of loans is given below:
2024
2023
Amounts falling du¢ within one year on demand.,
Bank loans
Amounts fAlling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five yeai's:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
201,236
208,571
The initial bank loan of £500,000 was for 19 years and is repayable by monthly instalments. There was a 5 year
commitment period, interest for Éhe 5 year period is at base rate + 2.33010. The lender maintains a fixed charge
over The Win8, Battle of Britain Memorial, New Dover Road, Capel-le-Ferne, Folkeslone, Kent, CTI 8 7JJ as
security for the loan balance.
Page 26
ntinued...

THE BA￿LE OF BR￿AIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIKBER 2024
20.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
Al 1.1.24
Unrestricted funds
General fund
3,756,196
(197,484)
3,558,712
TOTAL FUIYDS
3 756.196
197 484)
3 558 712
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unre$trlet¢d funds
General
566,807
(808.132)
43.841
(197,484)
TOTAL FUNDS
566 807
808 132)
197 484)
CompAfAtives for movement In funds
Net
movement
in funds
At
31.12,23
Al 1.1.23
Unrestrictcil fiinds
General fund
4,259,384
(503,188)
3,756,196
TOTAL FUNDS
4 259 384
503 188)
3 756 196
Comparative net movement in funds, in¢liided in the above are as follows,,
Incoming
resoui'ces
ResDuYces
expended
Gains and
losses
Movement
in funds
Unrestricted fiinds
General fund
359,050
(857.135)
(5,103)
(503,188)
TOTAL FUNDS
359,050
857 135
503 188
Page 27
continued...

THE BA￿LE OF BRITAIN MEMORIAL TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS - eontlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
21.
RELATED PARTY DISCLOSURES
Wages of £37.785 (2023 - £36,401) were paid to the spouse of one of the trustees.
Rent for tho us¢ of an 0￿1¢¢ of £4,500 (2023 - £4.500) was paid to one of the trustees.
22.
POST BALANCE SHEET EVENTS
After the balan¢¢ sheet date, but before the issue of the financial statements, the Truste¢s concluded that the
trading subsidiary of the CIO - The Battle of Brltain Memorial Limiied - should be wound up to consolidate the
activities of both entities. Legal advice was taken. a liquidator consulted, and subsequent to this the advice of
both parties was followed. All suppliers have successfully moved over to trading with the CIO and the cafe and
shop, which formed the Limited Company, have continued to trade with no disruption in service. In 2025, the
activities of the trading subsidiary will be amalgamated with the activities of the CIO.
Page 28