Oocuslw Enveknpe ID.. 62F38A3249DD4781-A6EA-6CB9FCCOF73D ¢panY reyistrabon number. CE034378 ty wljtrats.on nber.. 1205884 THE BULLEID SOCIETY (A company limited by guarantee) Annual Report and Financial Statements for the period from 24 November 2023 to 31 December 2024
Do19n EnlOpe ID.. 62F38A3249DD4781448E44CBgFCCOF73D THE BULLEID SOCIETY Conlents R8feronc and Admlni&trakn Del•1 Trnstéei, fieport ?103 sithmpffjl nf Triislfifti, Respon¥lbllM Ind¢pendènl Examlrn¢8 Report Slternenl ol Flnandal 1•n SheBI Note¥ ID Fln•nual Ststamonts 81013
Oocuslgn En¥lop8 ID.. 62F38A3249DD4781A8EA4CB9FCCOF73D THE BULLEID SOCIETY Reference and Admlnlstrative Details Ch•lrmin AJFry AJFry A J L•avar RCCw88 N P Curr•h N Wddu8 P R Wood& DAFos Ch•rfty R•gkntf411on Nurnb•r 1205084 C•mp•ry llaglAtIon Numb•r CEO34378 Tho c8rily 18 Incofporalad Ih Enlll•nd Wokn. Shefflold Pk St•tlon Sheffield Pwk Vckfleld 22 3QL R•gL•tsrnd Offlc• Page 1
DO8n Envelope ID.. 62F38A32-49DD47B1.A8EA-SCBgFCCOF73D THE BULLEID SOCIETY Trustaes, Report The trustees, who are dlr8dors for the pu0¥e5 of company Iw, preswtt thtr annu r8POrt looether wlh the finwndal stotemenls of the chadlat40 MpanY forffte perfod ended 3.1 Detrnber 2024. The Twstees. Report includ88 Ihos0 mgller& required io be dl8cIo88d in the Throdars, Report under the Compan581 Act 2006. Tru•t• The Truit•e8 who held olfice durfng lae yearwere as fL41DWB". A J Fry18ppolnted 24 November20231 A J Lea¥er (aPptel 24 Novgmber 20231 R C Cru8e lappoinled 24 Novernber 20231 N P CuFrah (appointed 24 Nornber 20231 M N WiddDwson IEppoinl8d 24 November 20231 P R Wood lappolnied 24 November 20231 D A Foalo l•ppoinled 24 No¥emb8r 20231 N H Glasknn l•ppDlnled 24 Navember 2023, ceai80 29 Marth 202SI Oblvctlv•• The Socloly Is the wner olRullold Al r.oiiMry rJiiR locomolSw No. 21C123, Blackrnoor V41e, th• AdamE d8ikJned BI locomollw No. 96. Normlndy wnd Bkn1d co&¢h, No. 5768. The Sodety welcome6 members wlth bolh on Inler&BI in thè Sod•ii8 motbvo pow•r Ond rolllng 6toth 410 vllh an Inleii61 In Olhor 8ulleid deslgned Soulhem R8iK¥wy rolllng Block. The Souety Is fortun4ie In hav9 dèBcend6nl8 ol the 8ullold fyrnlly as Preiidenls wllh COMMs¢allOn ba08 tho Sodety Ond 115 mvmtyern m•lnl•lned ty lh• Soraety's web 1118, w•w.txWdi¢Kthty.orq and Bulkgld Expi89s. Ihe Sodely'o loum•l norm•lly publlihed anrnJ•lly. Ch4rltabl• actlvltl•• The charttsblo alms af the 50d4ly Er? ID •d¥Anc4 the •duc•llon of puWl¢ In hl•tOry, 8ryln8erfng Ind 0•9n ol ¥teBm locomollves 8niJ rolllng sloth. In plr18r by.. The 4cqulsiUon, iesloialkin. yeser¥8ilgn and ?xh1bib'd1$Pl8Y of steam locomotlv8J Dnd rolllng slo¢k •nd oth•r approprlale rteffl8, equipmenl. oloth •rielBcls. dMen1$ 8nd record•. The publiutlon of a lOuM and wobslle on iho tOPlG of Jjleam lornmoiiv•s and rolllno 61ock. Provldlng OPPOrtuniliey foi Peae Df 411 agei •nd dl¥ers0 backgrtymd¥ lo •boLrt heritagè r•ihYay prnmryailon, 185ior8llon. m•inlonKnce and operBtIDn. The ownorship and 0¥6rh•ul Jnd 8ubsequenl In trafflc ol kncomolK• No. 21C123 Blaakmoor V•lD ar No. 96 Nomiandy ind Buldd coach No. 5788. PubllG b•n•flt The IWÈl88o confimi Ih4t they ha wlh Iho qhMefits of8ect+on 17 of the chal01 Aci 2011 ID have due rrfird to the publlc btnefil gUIdan publlshod by the Chartly Comrnistsitn lor EThJlnd And Wakn6. Strnctuv•. guv•m•nt• and m•nag•m•iit On 24 Nov8mb8r 2023 Tho 8ulleid SorAEty w•$ Incorporated 85 a CharitabK8 InC0crated Org4ni$atbn wglSt¢rad %th the Charity Commission. On 13 Ap1 2024 the pr¢¥iou$ Bullehl Society entered Into • Iran6fer of undértaking and its assets and future were trBnsl8rred to th8 Charitable IncoOr8t¢d Ogr8niJabon. At the sarno time th& Soci6iywas di$sofv•d. The membership fight¥ of the meffber8 of the Soaety were pros•Ned or* Ihe transfor and all becamg rn8mber¥ of ihfr Charitable Incurate(j Oryanisation. P&ge 2
DouJGlgn Envelopo ID.. 62F38A32490LH781-A8EA4CB9FCCOF73D THE BULLEID SOCIETY Trustees. Report Current poswon No. 21C1?3 Blackmoorvbk Is currenlty under ov8rhaul. ltstA)rnoINe's boiler h85 k8rt Sheffidd Pwk and Is at Leaky FI8 in Devoll for i)verhaul. Tl locomolwe's inner fire bDX has been fabdcaled and IB Alorod ai Shefflekl Part. Oncé Ihe locomot.6 boller has r8ach8d an appropriate Sl&y? Ihe flrebDX wil bv tr4n•p¢xted lo Leaky Flndefs to be fllted lo the D¥Erh9ud boll8r. WoFk18 pwreallng lh8 fr•mes al SheffiePd Park. ND. 96 Norrnondy is also under overhaul al Shefflald Park. Thè bthr has recently be8n11ft8d trom th8 ftsmes and115 CondOn Is ès5e58ed with 8 W8WI to 08latll8h th& IMEély fjoi1$ of Iho overt4. wc Is progreB8lng Dn the frarneE 8t AU8ntle Hou8a •1 Sheffiely Park. BlSId Coach nD. 5788 rern8lns In tr4fflc •¢ Shefflekl foll[n9 an 8Xlensiw owrh4uI. The sUcty conunues lo oeek mtmbor$ 6ubserfpiion8 and donations and third porty don81ionB and grant8 lo complfjlo the Dvethiu15 of No. 11C123. BL•okmoor VIIB and No. 98 Norm•TrJy wN¢h 8r8 both 8nliup8O 10 b PrenSi ovethAul8. the limefr4rneB of whlth il 1$ not p068lble Io 8ccufbi4y pradl¥¢. Burnm•ry ollln•ne611 p•rforni•nc• Ind poittlon The Slalemenl ol finanual adlviues fof the peAod ènded 31 December 2024 Bh80 Incom8 trom donallDn6 ol £488.715. Of ornOUtIl £488.923 wai received upon Ir•n•fer from the pwiou8 Bulleld SDdely. In accrydynce wlth Iha iransfer of unde.rtAing flxed asieii of £19,893 wtsre rerxi¥ed whlch compri8e Locomoli4Y 21C123, Blackmoor V8la. Locomollve 96. Normandy Bulleid coath 5788 logeiher wilh oihor tallway memorabllii beinB hdd for th8 long-18rm. Thls Sodety als¢ donited all c8$h 8t b8nk Bnd other a8sel¥. Upon recelpi Df these arnounl# from the Flu11eld Soclely the Iru%leets Idenufled iho 8mounl olgny funds held by Ihg Society Ihal weTe reslncled where the donors had speofied the purpo&e lo which Ihe lunds wore 10 be expènded. Upon recoipl the IFusie88 hBve reipeeled the w15he$ of ihe donor& h•¥e ohown Ihese 8rn0un18wilhln 188lilcied fund•, 4mounllng lo £211.961. The 8ub51dl8ry undertaking. Bullled Shop Lirnited, oporal•8 th• shop on PiforM 2 al Sheffiold Par where donated books, rallway fflefflDr4blli• olhei similar Ilems qre The profil for the period ended 31 Decembgr 2024 amounted lo £1B.752 and ihis wis donaled lo the Gompjny undel a deed of glft. The ihop Mmenced lo Irado undw Ihi$ afrang8mfrnl Irom 13 Aprll 2024 and Ihlj •mounl was refere 8ctrled from leis Ihin g month¥ Ity, OthermemborBfvp uubscriptroni and donaiionB &mounlfjd lo £791. Mo818nnual 8Jb8cdplon$ •r¢ neW•d In iho quarter of Ih• 8r end In reipecl of 2024 were ih¢ro1orq received by the pi8¥lous soClY Expenditure In the period on loeomoiiw re•lor4bon afflounted lo £10,944, gf whlth £10,574 rnlaled lo No 96 N¢Jnn•ndy. In resped of ND. 21C123 Bljckmoor V41ue Yhe Bluebell RaibH&y Tw¥l' ho1 r95trlclod fun1• lor Ihe ov8thllul Df Ihil ind the lund6 •re btSng u111ed befo recourse lo Ihtr ¢omp•ny's own lund8. To¢al re$ourcvs Al 31 December 2024 imounled Its £490,321 GomprfBlng prfndpally cash ai b8nk and In hand. The cthnpany h45 Inwslod E370,000 in fixed letm dfjp05115 earning Inler88t 41 between 4.45% gnd 5.2% maludly In tÉtsve8n 1 Bnd 3 ye•F8 lo coinclde with the e¥lim41ed plwnngd rashflow of lo¢omoli¥e 001. TotHI InlereBI recelv$ble from both t8nk dBpoill accounia and the fixed Iprm deposi16 in the wiod ended 31 Decembor 2024 wmounled to £12,776. The fixed tewrn depo were InveJted in July and Augvst Z025 and produced a rèlum of£5,775 for Ihls peilod. Fulur• pro•p•cts The SOcty rnnlinue8 lo manNoo the o¥erhal ol No. 21C123 Blackmo¢y Vale and No. 98 Noimandy funded Trom the re¥ource$ oflhe Jothly. FLrture IncornE IS anliLypaled from fflember5hip 5ubsrlplions and donaih)ns, inleresl receiv8ble bank deposlts and shth1 lerrn depDsilJ togetherth antiapsled proNt8bllily from the shop donated by the 5ubsidlary undert8klng. Th2 IruslEes wre ¢8refvJlly mcnrtorfng the eslimaied planned cayhflow of locomolSw overhaul lo ensure thor¢ ¥re suffdenl re$uvrcE5 ovailable. Paoe 3
Docusign Envelope ID.. 62F38A3249DN781-A8EA4C89FCCOF73D THE BULLEID SOCIETY Statement of Trustees. Responsibiliti88 The tru¥leeo Iwho we also the diiectors of The Bulleid Soaplv for Ihe purposes ol CDrnpany lawl are fB5pOn81b lor prep•ring the Iru51ees' report 8t)d the finana81 statements in acttsrd&nca wth applible law and United Kingdom AcGDunting S18nd8rds nild KingdDrn Gen&r81ty Accepted Aecounb'nu Piacticel, indudlng FRS 102"The Finand81 RBpottiTW Standard applic•ble in the UK and Republic ol Ireland The report gnd occounts h&¥e been prepared In •ccordance with Ihg provl¥lon5 In lh8 Ctynpanies Act ?ooe relatiry lo s1 companie•. pany lèw wvlres Ihe Iluilees lo prepare lln8ndo18lalements for each finandol pertod. company law the truBte• mu81 not approve the fln•naal 8lalernentB vnless ihey are SAtL8fled Ihai they give a Itue and falr &W of the siaie of 8ff8lrs ol the charitsble Goinpany End ol Ihe inming Te$aurce& and appllcaiion of re8ource5, induding 11$ Income and expendlluro. 01 the chanlable rp&nY lorlh•l perlod. In prepBring the finanddl ai418meni8. the Iru6ts05 ara rewhd 10., ob5eNe Ihp rnelhDds ano principk$ in Ihe Charilioj SORP., makeiudgemellts and e&tlmaiesihal 818 re8son8ble And prud[ siaie whether appllcible accounlkng siandaid$. compnsing FRS 102 hw¥e been lolowed. wAJJect to any m8i¢rl&l Obpanure8 dlsclosed and oxpl•in•d In ¢he fln4nLl41 st818m6nL8,' and pFep•re Ihe fin8nc181 8lalemenl• on the uory etsneern ba1 unkn8B 11 ij InDpproprt¢ to Prow Ihal chadtable Company wil CDnVnuÈ In business. The tru8iee$ ore r8$pon8ible IDT keeplt)H proper accounllng record$ d1$d& wllh reA8onabKry •ccuiacy il iny lime Ihp finand81 posllion ol the chanlable ¢ompiny and 8n4ble Ihern lo en5uro Ihal the finandal 8t8lernen16 comply with the Cornp4ni8s Aci 20C•. They 8re 8l¥o reBponsible f¢r &afègu8rdlng the as8016 of Iho thadllbl? company henca for laklng re•Aonllblq ilep8 forlh• we¥onUon and ¢JelecliM of fraud and Dlh8r IgltIes. The Iruilees ¥r• respontsiblo for the maiNenanc• and Inlegrily of ts coipoiate and fin8Dci•l inforni•llon Induded an the ch4iiiabl8 company's websiie. Le91•t10n qowmino I propor•iitsn And diisemlna#on of finan¢l•l slJlemenlB may dllfar from amall ¢omp•fjlw provl•loh •tsthm•nt Th58 pOrt ha8 beon wByred M 1ccoanCe w Ihe srnal replm• the Comp4nle8 AGI 20C6, Approved by Ihe liu•te•a of Ihe charfly ¢Jn 24 Mfyy 2025 ined on it4 behull by. AJFry iirman •nd tfU81•8 Page 4
o0cugTh Envelope ID.. 62F3BA3249DD478148EA4CB9FCCOF730 THE BULLEID SOCIETY Independent Examinerfs R8port to the trustees of The Bulleid Society ('the Company,) I mport ts the charitytW6tee8 on my ey4mlb"0n of the acCnI6 tsf ihe CompÈny forlhe period ended 31 Docmber2024. Re•pon¥ibiliti•¥ •fid ba•1 ol r•port Ao Ihe LwrWs tru&tee¥ of the Compeny Iwd also It8 dlreL20rn for the purppws of GDmpany14wI you are spOnSIble for Ihe pryr&lhin of the account# in 8rxoFd8nca wnh the requlrempnls ollhe Cornpanies Act 20061'lhe 20a8 Acl'l. Having s81i¥fied myseN that the 8Ecounls of the Compony Hie nol required lo b¢ audlled under PArt 16 of the 2006 Acl and are olillible for independenl examinailan. I report in respecl Qf rny examination of yoJr charlly'ts atrAiunts as rarried out under seciion 145 of the ChariUe5 AGI 2DII I'lhe 2011 Act'l. In COfTrlng out my axaminaUM I ha% Idwod tho Dlr8ctlonB gl¥en by ifve Chartiy Comrnimion under 5edon 14515llbl orthe 2011 Ad. Ind•p•nd•nt •ximlh•ei •1at•miTht Since Ihe CompanW8 Income axc88d8d £2SD,DOO yaurewlner mu81 be a memb81 of a bady Msled In seGllon 145 of Ihe 2011 Act. I confirm Ih•i i •m qV41lfd lo undertake iho examin81ion bocause l Em a member of , which iu one of th• Ilst•d bodleB. I ho¥e Completed my oxamln•Uon. I conlrni that no miil?rn hive come lo rny •ltenlion In connocwon wlih the examln•llon 99 me Giu8e lo bellew.. counting Tecorés were not kepl In re8peGI o1T1 Bulknid So¢lety •¥ reqvlrod by 88Ctknn 386 oltha 2008 Act.. or 2, the 4ccounl8 do not 8¢¢¢rd wlth tho$ ro¢ordo,' or 3. th6 accounts do not complY¢h the accountkng r•qvliem8nlB of s8cdDn 396 of lh• 2008 Act olhor lttan any requlfement ihii thry 4ccounls B'lrue and f•lr whid)1s nDI • m411?r cander0d •• part of an Ind8wO8ni examlnallon. or 4. ihe Bccounls have not beèn prep•red In acGDrdance wllh the melhodi 6nd pnndplei olthe Slaiemenl ol Recommended Pr8ctlce lor accounllng 8nd rtporlnp by tharihes l•ppllcJble lo chafrtiej prnparlDg Ihelr 8ccounM In •tt0rd4 with the FSnanaal Repolbry $14ndBrd p1CaAe in Ihe Ulf an¢J Rep1¢ ol Ireland IFRS 10211. I hAV8 no ton¢ern¥ •nd have com• a¢roi6 no other maiief6 It) connedon *llh IhB •xarnlnallon to wNch attenllon Should dr•wn In thiu report kn order lo enab ¥ proper underslandlng of Ihe •GwunlB lo b• r•4ch0d. (4 Amindè Candy FCCA GMBC LLP Manne House 151 We818m Road 4ardS H•alh RH16 3LH D410', 2&Jul-25 Page 5
Doullgn ID.. 62F38A32.49DLH781-A8EA4CB9FCCOFllD THE BULLEID SOCIETY statement of Financlal Actlvlties for the Period from 24 November 2023 to 31 December 2024 (Includlng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Ullr••trf¢t•d lund• R•¥trlct•d fund• Totsl 2024 Incom• ETrdDwrMnt#from: Donations legacles Inwstmenl Inccffi¢ 263,85D 11.775 224,885 488,715 12.775 Tot•1 Income Exp•ndltur• on.. Admini$tr•live •xpen581 276,625 224.885 501490 25 10.944 11,169 Tolyl expenditure 225 10,944 11.169 N•1 In¢orn• 27140D 213921 49L1371 N•t mov•m•rt In lund• 271400 213021 R•¢On¢lll•• ol lund T(rt•l fund• B•rf•d ktn¥• 490 321 oflhe acll¥41Kry¥ derlve from COnllnuSng oper06 durtnq the 0¥¢ porfod. P8g8 6
DOJ9 Envelope ID.. 62F38A3249DtH781-A8EA4CB9FCCOF73D THE BULLEID SOCIETY (Registratlon number: CE034376) Balance Sheet as at 31 December 2024 2024 Not• Flx•d u•t• Tangible 858ets Invaslmenls 19.693 100 19.793 Curr•nt •M•t• Debto Cash •1 blnk and In tt8nd 6.8Q3 473,683 480,486 Cr•drt¢rn'. Affloun¢• f•lllng du• wlthln on• y••r 13 9.95 470.621 N•t ••••t• 49D.J21 Fund• olth• ¢hrty'. RHtrfct•d In¢om• fvnd• R¢Athcted lurKIo 213.921 Unr••trtct•d Incom• fund• Unreslrtcted funde 278,400 Tot•1 fund• 490 3Z1 For the flhwntial p8dad ondlng 31 D•cember Z024 tho thirity w•• enliUBd lo exempllon Irom audll undar •rfUpn 477 of ttK7 Companlés Act 2006 reL4linp lo orn•ll coffjp•nies, Dlrectorn, reJpon8ibllll105'. Tht membelo have not r8qulred the charty to ¢bt•in Jn ludil ol It6 Jccounts for the yriod in quest in arKArdance w iec¢lon 478,. an The dliectols InWled0 Ihelr re1pon4111O4 for COMyn0 whh re4ulreMenl6 ol ihe Acl wlih r88pecI to rncord6 and the pr•pBralion ola¢counl$. Theie financis18l•iernenl8 hawo been prepared in 4wA)rdanco whh the 8POC441 prov10¢ relating lo Mp•nI1 sul"eLt lo th• small companles F8gknetIhIn Part IS ol the CDrnpBnl•8 Act 2006, Thè finanuDI 518ternenli on pages 6 10 13 wern appmwd by Ihe IruBtees, and Dulhodsed for IBSUe on 24 Mby 2025 Ind slgnod n they behaifby.. AJFry ChAirnan and Irusl•8 Page 7
Docu%gn Envelope ID.. 62F38A3249DD4781-A8EP44¢BgFCCOF730 THE BULLEID SOCIETY Notes to the Financial Statements for the Period from 24 November 2023 to 31 December 2024 1 ¢HIIITY STATUS Tho rknartly is limited by guarantee. IncLYpor8ted in Engl4nd and wa5, and conB8quenUy doe5 not hjve share Each or Ihe trusl80515 liable ID conlrthule an am01 not f1X.dlnO £1 lowwds Ihe aNsals Df the thanly in the event of liquidJtion. Th& address of8 reoisteied offfiG? is. Sheffield Slallon Sheffleld Pad( Uckfie TN22 3QL 2 ACCOU14TING POLICIE8 Summ•ry ol Ilqnincant6<UltIftq pollcl•i •nd •y •¢¢ountlng Mtlmat The pnndpal qccoununo polidp$ •pplled In Ine prepirallon ol these fin•ndAI $thienth •r8 881 out below. Th•¥i pol1d h4vp boon conslatenlly applied t¢ all lh¢ arn presented, unle88 olhew$8 %lalBd Itsffnt of compll•nG• Tha flnanclal Blal•rnenls hJve been prepafed In accordance wlh Accounllng 8nd Reportlw by Ch8rtheo.' Sl•l8ment ol RecDmrn?nded Praclice lappllcBble ID thadlles prepadnq Ih•lr accounls in 4ccordHn¢ wlth the FlnAnoal Reporting Slanl•rd SediDll 1A appllc8bl8 In Ihe UK and Republ of Irelano IFRS 102111153ueé In Oclobfjr 20191 ICh4Tilies SORP IFRS 10211, the Fin•nci41 Rap09 Standard 4ppliuble in Ihg UK And Rèpubhc ol Ireland IFRS 1021 and Ihp Compaiw23 AGi 20Q6. B•s19 ol pffepaiatloh The Bulleid Soweiy me¥18 tho d•flnlllon of a publiG benefil enllty under FRS 102. As•el• •nd W4blllil•i •r• I&11Y reCnIsed al hlslonul GDII or Ir8n8acUM value unkn$ olheN41•e slDted in the relevant 8ccountlng pc11 noleu. Qoln# ¢on¢• The Iru%le•i cOnor thai Ihere are no mjlerlal unrArtalnllea Jboui the chadly'$ •billly lo continue £dr¥J COnM any lignificanl •re•s of uncert•lnly that Offecl Ihe vBlu• ol D55els hd by ririly. The charlly Unllnu8d lo rtcthve support and donglion$ frtyn m•mbefs 8nd the IruBlee$ h8vo ouffiGlenl control o%r exp8nB88 lo •nsure the chllrily ¢onllnue OP8r•llon81 existence fortha toreEe88ble ftre. On IhlB b•81B after fflaklnu 8nqukTle8. the Iru$lee8 Conlin lo #dopl th¢ 90Ing concem b88iJ in prtp•ring Ihv finwndal it1mentS. Incom• •Trd •Trdowm•nl• IllCOm81s rncognlBed wc the th4rtly h81 anlleDnI 10 the Income.11 li pr•b•¥& It Ihe Incomè wll be received and lh• amount ol th8 Income reGelv•blv G•n bg meaBLnd reli8y. The followlnq Epadflc pollc4eB are apple¢ lo pirtkular ¢Jtsgorie& ofinome.. ¢knls rncehTibl• Gran15 arE recDgnlsed when the chority has an enlitlEm8ni lo the funds 8nd any condillon8 linked la the grants bave been rnel. WhwE perfonnance EoDdillons 8ie lo the yranl and Afe y81 Iv bo mel, Ihe in£affle l& recogni6ed as a Ilablllty 8nd induded on Ihe balancE Eh8ei as detsirod InGome lo bD released. M•rnb•r¥hlp Annual mernbernhip foes are recognl8ed m the merrt)ersNp al 10 whlt* they lat8. LMO momber5hlp fee5 are reEognitsed In fvll Up CeIpt. Page 8
Docusign Envelope ID.. 62F38A3249DLY4781-A8EA4CB9FCCOF73D THE BULLEID SOCIETY Notes to the Financial Statements for the Perfod from 24 November 2023 to 31 December 2024 ExpendNJre is recDgn15ed on In occruo1¥ bas11 ai a Ik9blllly is thcurrad. R•llng fvnd These are cost$ incuNed In allracbng Volunlory (ome. the marbDoernenl of in¥e8lments and ihose inujrred in oGtiwlie6 at ralaa funds. Go¥•Man ¢01 Tha8e Indude the coJts illrtbuloble lo the ch4riVs compliance wlth nstItutIOnl 4rKI slolulory rtquirernonls. indudino iiraieglc m8nègemeni and Twllees rneellno6 and reimbursed expenses, where approwiale. The tharlty COnder9d lo paps the iests Sei out In P8r8gr8ph 1 Schedule 8 ol the Finance Acl 2010 and therefore Il me•lB thè d¢finillgn of a ch4rilabl• comp8ny for UK c01pall0ft 18x purpoaea. AcGordlngty. the fh•rily 18 polen118Ny axempt irom taxollon In r05pecl ot Income or pItal 98ln& F8ceW wtthln Ce9011e8 crt¥red by Chapter 3 Part 11 of the CorpoMIiDn Tllx Act 2010 or S8cllon 258 of thè T8Kaiion ¢f CfvAfgeablp G4in8 Acl 1092, to ihe ean1 Ih81 Buth IncomE or qaini Bre 4pplo •xcluslv8ty lo ch•dtable PU018$. Indiwdual fixed 813el8 ar8 Inl11Y r•wrded •1 CDOI, lo•$ any iubseqwnl 8ccumul8ted déprèd0 Ind uubi•quBnt accumul•lad imp8lrm8ni lossè$. opredaiion Is prryvided an tanglblo fix•d ¥JJseis Be the r•alJual value l• exyded 10 eXd origiNI cwl. Flx•d InvMtm•nt Fad 888•1 InliMent6 •1• Indudvd al rn6rtel vdu8 al the balance Ahe•1 d&te. Rewll3ed 94ins and108588 on InN51ment8 are {u11•d is thè differen¢tr been 68le8 proc8eds aod their mafkol lue #i the Alart af the period. or Ihelr aubtsequeni coil, ond #r• Dr dited lo the siaièmonl of Flnandal Athlleu in the period cfd103•l, Unrealised galno Bnd Ios888 reprè8enl the mtsvem¢fii In m•rkel ¥8lueB dudng the perlod and are ¢redKed gr th•ryid lo th• Slal8m8nl of Fln8ndil Actl¥411es bld on m•rkel value •1 tho period and. C••h and c8•h •qulval•nts C•sh and c86h 8quIv818riii cDry)rtse cw5h on h4ne and call d8po&II6. and Dlher 6hort-IBtrn higNy Ilquld In¥eJtrn•nts Ihal are readlly con¥ertlble lo a known •mpunl olGa•h and are 4uble lo an kn84nlflcanl rtÉk ol thnng8 In value. Unrn8iFicled Incorne funds are gener fuTrJ5 th41 are a¥ailaLle for use 41 the ¢rleB d110 In furtherance ollhe 04ecllw6 olthe charity. Resldcted Incorne nd0 are th08• dvnated for uye In • GUlar are8 or foripecffic purpo8e8, the uge of ¥4hich i& reytrkted lo th818rea or purpDSe. Page 9
Doruslgn EThVepe ID.. 62F38A32-49DtH7B1-A8EA-fjCB9FCCOF73D THE BULLEID SOCIETY Notes to the Flnanclal Statements for the Period from 24 November 2023 to 31 December 2024 3 INCOME FROM DONATIONS AND MEMBER SUBSCRIPTIONS Tot•1 2024 ftsndb R•tsirf¢t•d luhd# Trnnsfer ol undertakinll from Tho Wold st*ty OtherdDrwVDn8 Donalion4 frorn subild1aryundertang und8r Deed of Grfl embershlp subBuipboni 244.307 825 18.527 191 224,616 240 468,923 1,074 18,527 191 224 1•6 48&716 4 114VE8TMENTINCOME Unr•wict•d lund• Totsl 2024 Inl8r•s1 1•celbKI on b#nk depoBIt S IJ)MIN13TRATIVE EXPENOITIJRE Unr•BirfGt•d fund R••td¢t•d Tot•1 2024 B•nk thwrgfjs LDcomoli¥8 rn8torallon 225 225 10,944 10.944 226 I TRU8TEES REMUMEPAT1014 IPID ÉXPEN8es No tru&i8es, nor gny persons connecied ¢h Ih•m, have rècelwd any rwllun8r•llon th• ch•dly durtnll the pprigd. 7 STAFF COSTS Thei• wet¢ rso slaft c0818 incumd durlng the pertod ended 31 December 2024. The wvarage Staff number l• O. TAXATION The thority Is s reg131ered Ind i& iherefore exempt from 18x8lion. Pogelo
Docuslgn EDvd¢)pe ID.. 62F?8A32.4j[l478l-AsEA*C6gFccoFnD THE BULLEID SOCIETY Notes to the Financial Statements for the Perlod from 24 November 2023 to 31 December 2024 g TAMOIBLE FIXED ASSETS Locomotlwi 21C123 Ol•¢knoor Vil• Lo¢omoUv• 90 Norniandy Oth•r Rillw•y M•mornblll• 6761 Totsl Co•t Addttions 11.663 1.000 340 e,790 19.893 Al 31 Dvc•thr 2024 11,663 340 6.790 19.693 O•prncl•tlon Al 31 D0Mr 2024 N•t book ¥&• At 31 DK•mb•r 2024 10 FIXED AISET IIIVE8TMEpirs 31 01Mb•r 2024 Shore• In llmup Undert•k91 100 d•rt•klnq• Totsl Co 100 100 Al 3108c8mberZ024 100 100 N•t book v•lu• 31 D•¢•rnb•r 2024 loo 100 P•ge11
Envelope 10.. 62F38A32.49DD4781-A8EA4CB9FCCOF73D THE BULLEID SOCIETY Notes to the Financial Statements for the Perlod from 24 Novembér 2023 to 31 December 2024 11 DEBTORS 31 D•c•mb•r 2024 Oue ffr subsldl8ry undert8kk Accwed Interest receiv•# 0th8r deblDt8 1,158 12 CASH •J4D CASH EQUNALENTS 31 O•t•mb•r 2024 •sh on h8nd C•sh #i bank Cash In Ixed lorrn dBpash• 370 133,313 340,000 473 113 IJ CVIEDITOR8.. •AIOUNTJ FALLING DUE WTHIN ONE YER 31 O•Mmb•r 2024 0er uadllori Dof3rred 8ubAL¥lpUon recolwd 8,798 182 14 FiIND8 Incomlng r••our¢•• R••ouv6 •xp•ndpd D•c•mb•r2024 Unrn•trlGt•d lund• General 278.625 12251 278.4Q) 224.065 10.944 213021 Totsl fvnd• fjDI P8ue12
Docun Env8lcy8 ID.. 62F38A3249D04781-A8EAffjCBgFCCOF73D THE BULLEID SOCIETY Notes to the Flnanclal Slatements for the Period from 24 November 2023 to 31 December 2024 10 AALYSI8 OF RE8TAICTED FIINDS T+)tsl R•th¢t• Fundffs Flx•d is••t• don•t•d Don10• xp•ndltur• No 21C123 Blac*moor V 11.584 137.843 3701 149,037 Nts 96 No8ndY 1.000 73.151 110.5741 83.577 uIIEid Coich 5768 340 1.307 Tothl 12.104 211,161 110,944 113.•21 11 ANALY818 OF NET ASJETS BETWEN FUNDS Unmtri¢t•d Total lund• •¢ 30 AP 2024 R••trfet•d fund• T4ngknle fixed as8e Flxed 818el inv8iimont• 8,790 100 289,672 182 12,903 19.893 210,814 9.798 480.486 9,958 Culrenl IIBbllideb Total b•••ts 213 921 PDye 18