Charfty Reglstrntion No. 234873
THE FIRE SERVICE RESEARCH & TrAINING TST
TRUSTEES. REPORT AND UNAUDITED ACCOUNTS
FOR THE Y&4R ENDED 30 SEPTEMBER 2024

THE FIRE SERVICE RESEARCH & TRAINING TST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr R Harrison
MrAHay
Mr P Wankhade
Mr A F Led8erton-Lynch
Mr R Scott
Mr M Cashin
Secretary
Mr J Lancaster
Charity number
234873
Independent Lxaminer
TC Group
Celixir House
Stratford Business & Technolo8y Park
Innovation Way, Banbury Road
Stratfor(kupon-Avon
Warwickshire
CV37 7GZ
United Kingdom

THE FIRE SERVICE RESEARCH & TRAINING TST
CONTETrrrs
Trustees, report
Independent examiner's report
Statement of financial aclivitses
Balance sheet
Note5 to the accounts
7-11

THE FIRE SERVICE RESEARCH & TRAINING TST
TRusfEES' REPORT
FOR THE YEAR EAIDED305EPTEM8ER 2024
The trustees present their report and accounts for the year ended 30 September 2024.
The trustees have adopted the provlsions of Accounting and Reporting by Charities: Ststement ol
Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financfjl
ReportFng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.
Structure. 8o%Ernan¢e and management-
Govemlng document
The charity is controlled by its governing docltment, a deed of trust and constitutes an unincorpordted charity.
The charity is unincorporated and was established by a declaration of trust dated 27th August 1940.
Prindpal address
The FI￿ Protection Association
London Road
Moreton-in-Mar5h
Gloucestershire
GL560RH
The trustees who served during the year were..
Dr R Harrison
Mr D Tidbury
Mr S McGuirk
MrAH3y
Mr P Wankhade
Mr A F Ledgerton-Lynch
Mr R Scott
Mr M Cashln
IRe5igned 21 June 20241
(Resigned 10 Ottober 20231
(Appointed 10 October 20231
IAppointed 10 October 20231
Recruitment and appointment of new trustees
The declaration of trust originally provided that all trustees be appointed by and hold office and the pleasure ot
the Secretaries of State for the Home Department anil for Scotland, who could also determine the numker of
trustees from time to time. In 2010 the relevant government departments Indicated a wish for the trustees to
determine their own appointments of new tIUStees. Accordingly the declhration of thrust has been amended sc
that the setving trustees shall determine the appointment of new trustees and that there shall be at least four
trustees. Irb addition, the trustees have determined that at least one trnstee shall normally reside in England
and Wales; and at least one trustee shall normally reside in Scotland. Trustees are appointed where they have
the skills to contribute to the management and development of the charity. Trustees are either serving or
reti￿d officials of long standing and seniority the publlc or private sector,. and have extensive experience of
the fire sector and beyond.
Indurtion and trainlng ol new trustees
Upon appointment new trustees are provided with a copy of the charity's declaration of trust, the most recent
audited financial statements and copies of the previous mlnutes of trustee5' meetin85. In addition new trustees
are given a briefing by the sec￿tsry on the charity's policie5 and pro￿dUre5. Recent appointees have all been
familiar with the duties of a trustee but the charity would orEanize attendance on a suitèble course rf necessary.

THE FIRE SERVICE RESEARCH & TRAINING TST
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR EAIDED 30SEPTEMBER 2024
Or8anisational strurture
The charity Is managed by a Board of Trustee5. A secretary is appointed by the trustees under a contract for
services to administer the day-to-day operations of the charity. The Board of Trustees ordinarily meets four
times in each year and also opefates arTrngements for trustees to be able to consider and approve grdnts
between meetings. In order to monitor the outcomes and progress of certain projects, individual trustees may
vlslt project locations and attend project events during the year.
The trustees have assessed the major risks to which the The Trust is exposed, and are satlsfied that systems are
in place to mrtigate exposure to the major risks.
The trustees have in place a system of control for the authorization, payment and monitoring of grants and for
the review of investment policy and management of investment5 which they believe provides adeq4Jate
security for their operations. The Covid-19 pandemic has led to an additional risk of the charity in terms of the
certainty of income generation and protection of investment assets. however due to the significant Nf lue of the
Investment portfollo held. the risk is only minimal and miti8ated further by the use of charity's investment
manager, BlackRock Investment Management IUKI Limited.
Objectives and activities
Objectives and alm5
The objectives of the charity are to promote and assist..
research into methods of the prevention of, protection from or response to, fire and rescue service related
risks posed to
businesses or communities,.
- training of fire and rescue servlce personnel,.
- securing improvements in appliances of value to the fi.re and rescue seNice.' and
- securing the general efliciency and effectiveness of UK fire and rescue seNices as a whole.
The charity's purpose is to support learnin8. research and the sharing of information and ideas across the LIK
fire and rescue services by:
promoting and assisting the tralning and developmenl of UK fire and rescue service personnel..
promotin8 and assisting new research that meets the needs of UK fire and rescue services,. and
- sharing informaiion and ideas relevant to UK fire and rescue Se￿ICe5 that assists in leamlng.
Whilst the charity works with other bodies on specific projects, the charity's overall strategy, dirertion and
pro8r3mme of work remains independent,. as set by the trustees.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what acknvities the
The Trust shotjld undertake.
Public benefit
The Irustees will not ally the charlty to, or provide commercial advantage to, any commercial or8anisation or
group of commercial organisarioos. The trustees have regard to the Charity Commlssion guidance on public
benefit and consider the charity's activities and award of grants are for the public benefit.
History
The charity was established in 1940, using funds provided by the Insurance sector to encourège study and
experiment on fire protertion and prevention.

THE FIRE SERVICE RESEARCH & TRAINING TST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED30 SEPTEMBER 2024
Grant making
The trustees receive requests for funding from institutfons and individuals and assess these on the basis of their
contribution toward5 the stated objects of the charity and avallable financial resoltrces. The charity awards four
types of grant:
- scholarship award scheme: fundinB study programmes svblect to maximum award of £2.5LKI per annum.
- small project grant scheme: funding research projects from £1,[￿ to £3,0(K) over a maximum of two year5,-
research fellowship award scheme.. funding postgraduate studies pro8rammes subjert to a maximum award of
£20,000 over a maximum of three yeats Isix Yea￿ of part time studiesl- and
research project grant scheme.. funding research projects in the range £10,000 to £150,000 over a maxlmum
of fours years.
Further infomiation to asslst grant applicants can be found on the chartty's website at www.firet1415t.info.
hlevements and pÈrft>miance
Charitsble activltles
D¢Jring the year the trustees continued to consider and approve application for grants which were n￿st1¥ in the
areas related to improved performan￿ by the UK fire service. The trustees approved grants durrng year of
£179,95912023.. £nill.
Investment perfomiance
The performance of the charity's Investment manager, BlackRock Investment Management IUKI Limited. is
regularly reviewed by the trustees against appropriate benchmarks. The trustees are Satisfied with the current
performance and the overall ￿tUrn attained from the charity's investments. The value of investments increased
during the year and the BlackRock portfolio had a valuation of £6,141,704 as at 30 September 2024.
Finandal review
Financial position
The twstees are saiisfi'ed with the financÉal State of affair5 of the charFty. At the year end the balance on the
unrestricted general fund wa5 £535,065 12022: £537,303). The charity has been impacted by the Covld-19
pandemic but only in relation to the approval of grants commitments whlch has slowed, due to the research
and follow up being muth slower than planned.
Prlncipal fundin8 sources
The charity's investment Intome is solely derived from the funds, as currently invested, with whith the charFty
was endowed on its creation in 1940.
Reserves policy
The trustees have regard to the charity's annual income with awarding grants but they consider themselves.
nerther limlted by income receivable in each year, nor bound to apply the whole of the income reCei￿ble in
each year.
Therefore it is the policy of the trustees to maintain sufficient unrestritted general funds to meet their fundin8
commitment5 and to respond to exceptional applications forgrants which may arise from time to time.

THE FIRE SERVICE RESEARCH & TRAJNING TST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 305EPTEMBER2024
Investment pollcy ond objectlves
Thè tiustees, Investment objective is to achieve capital growth and a growing levÈl of income. The charity's
investments solèly comprise a holding in Charifaith. a comrnon investment ftind, which seeks to avoid
investment in companies with a significant proportron of revenues from afmaments, pomography, tobacco,
abortion and contraception,- thts5 achieving the t¥ustee's ethi￿1 investment policy. Charrfaith is a diversified
fund with exposure to eouities, bonds, low risk absolute return funds, prop¢rty and cash and is actively
managed by a professional fund manager.
p￿n5 forthe future
The charity's aims and objertives rernain constant and do not change from year to year. However, the way in
which thÈ charity rnanages its af*dif5 will continue to be reviewed during the coming year in order tts improve
the charity's overall effertiveness and, in particular, fatilitate improved grant appliotions.
On behalf of the board of trustees
A Hay- Trustee

THE FIRE SERVICE RESEARCH & TRAINING TST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE FIRE SERVICE RESEARCH & TRAINING TST
I report to the charity trustees on my examinatlon of the accounts of The Fire Service Research & Trainin8 Trust
(The Trust) forthe year ended 30th September 2024.
Respective responsiblllties of trustees and examiner
The charity's trustees are responslble for the preparation of the accounts. The charlty's trtsstees consider that
an audtt is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an
independent examlnation is needed.
It Ss my responsibility to-
examine the accounts under section 145 of the 2011 Act-
lill to follow the procedures laid down in the genernl Directtons given by the Charity Commission under
section 14515llb) of the 2011 Act: and
Illil to state whether particular matters have come to my attention.
Basls of independent examlner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from yotj as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be reqUI￿d in an audit and consequently no opinion is given as to whether
the accounts present a 'twe and fair vlew. and the report 15 limited to those matters set out in the ststement
below.
Independent examlner's statement
In tOFbnection with my examination, no matter has come to my attention..
lal which gives me reasonable cause to believe that in any material respert the requirements..
lil to keep accounting records in accordance with section 130 of the 2011 Act,. and
1151 to P￿pare accounts which accord with the accounting records and comply with the accounting
requirements of the 2011 Art..
have not been met; or
Ibl to which, in my oplnion. attention should be drawn in order to enable a proper understaf)ding of the
accolints to be reached.
TC Group
Celixir House
Strattord Business & Technology Park
Innovation Way. Banbury Road
Stratford-upon-Avon
Warwickshi
CV37 7GZ
United Kingdom
Dated.. 26 March 2025

THE FIRE SERVICE RESEARCH & TRAINING Tsr
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 30SEPTEMBER 2024
Unresrrlrted Endowment
funds
funds
rotal
2024
Total
2023
Notes
In
in
Investment income
lun
206,143
206,143
I￿,334
esex
Charltable activities
Direcl costs
Grant fundin8 of achvthes
12,(
179.959
12,000
179,959
12,0
Total ¢harl*able expenditure
191.959
191,959
12,0
Governance costs
16.422
16,422
10,025
Total resources expended
208,381
208.381
22,025
Net loutgoingl/incominB Tesource5
12,238)
12,2381
168,309
Other re¢o8nised gains and105ses
Gains/llossesl on investment assets
484.256
484,256
1122,9131
Net movement in funds
{l2381
484,256
482,018
45,396
Fund balances at l October 2023
537,303 5,657,448 6.194,751 6,149,355
Fund balances at 30 September 2024
535.065 6,141,704 Q676.769 6,194,751

THE FIRE SERVICE RESEARCH & TRAINING TST
srATEMENT OF FINANCIAL AcnvmES ICOPMNUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Investment Income
2024
2023
Investment income
Interest receivable
190,093
16,050
182,334
206.143
190,334
Total resources expended
Other
tosts
Grant
funding
Total
2024
Total
2023
Charftable a¢tivltles
Dir
Activities undertaken direttly
12.CK)O
12,000
12,000
Grant *undin8 of activities
Grant fundin8 of activities
179,959
179,959
12.000
179.959
191,959
12,0(Kfr
Go¥emance costs
16,422
16,422
10,025
28,422
179,959
208.381
22,025
Governance costs Includes payments to the auditors of £300012023: £28201 for audit fees.

THE FIRE SEWICE RESEARCH & TRAINING TST
BALANCE SHEET
ASAT30 SEPTEMBER 2024
2024
2023
hlotes
Flmed assets
Investments
6,141,704
5,657,448
Current assets
Cash at bank and In hand
reditors: amounts fallin8 due wlthln
one year
660,405
572.653
1125,340}
135.3501
Net current assets
535.065
537,303
Total assets Ses5 CUITent liabilittes
6,676,769
6.194,751
Capital fvnds
Endowment funds
6,141,704
5.657,448
Income fvnds
Unrestricted funds
535,065
537,303
6,676,769
6,194,751
The accounts werè approved by the Trustees on.....
A Hay. Trnstet

THE FIRE SERVICE RESEARCH & TRAINING TST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED305EPTEMBER 2024
A¢￿Unting pollfles
3.1 Basls of preparatlon
The financial statements of the charlty, which 15 a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Atcounting and Reporting by Charitie5.' Statement
Recommended Practice applicable to charities preparing their accounts in accordance with the FI￿nCIal
Reportin8 Standard applicable in the UX and Republic of Ireland IFRS 1021 (effective l January 20191,.
Financial Reporting Standard 102 'The Financi31 Reporttng Star¢dard applicable in the UK and Republic of
Ireland, and the Charitie5 Act 2011. The accounts hève been prepared uftder the historical cost convention,
wlth the exception of investments which a￿ included at market value, as modified by the revaluatfon of
certain fixed assets.
3.2 Incoming resources
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the
fttnds, It is probable that the intome will be received and the amount can be measured reliatly.
3.3 Resources expended
Expenditure
Liabilities are ￿cOgnised as expendlturè as soon as there Is a legal or con5twctive obligation committin8 the
charity to that expenditure, it is probable that a transfer of economic benefits will be requirel in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals
basis and has been classified under headin8S that aggregate all cost related to the category. Where costs
cannot be directly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resourtes.
Grants offered subject to conditions which have not been met ot the year end date ère noted as
commitment but not accrued as expendlttsre.
Taxal?on
The charlty Is exempt from tax on it5 charitable athvities
3.4 Investments
Listed investments have been professionally valued at 30 September 2024 and are included in the accounts
at their fair value at that date. Reali5ed and unrealised gains and losses on investments are deak with in the
statement of financial activities.
3.5 Accumulated funds
Fund account5ng
Unrestritted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restritted purposes w>thin the object5 of the ch¥ity.
RestrictFon5 arlse 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 included in the note5 to the fi'nanc41
statement5.

THE FIRE SERVICE RESEARCH & TRAINING TST
NOTE5 TO THE ACCOUNTS (coMfiNUEDI
FOR THE YEAR ENDED 30SEPTEMBER 2024
Icontinuedl
Grants payab5e
2024
2023
Grant funding of attiviknes
179,959
Trustees
There were no tru5tees' remuneration or other benefits for the year ended 30 September 2024 nor for the
year ended 30 September 2023.
During the year, the trustees neither receNed or waived any emoluments12023.' £nill.
Tru5tees' expenses
There were no trustee5' expenses paid for the year ended 30 September 2024 nor for the year ended 30
September 2023.
During the year 8 trustees'12023'. 11 received reimbursements totslling £2,30212023- £4061 of trdvelling and
other expenses.
Employees
There were no employee5 during the year.
Fixed asset investments
Market Wdlue at l October 2023
Change in value in the year
5,657,448
484,256
Market w4lue èt 30 September 2024
6.141,704
Historical cost..
At 30 Seplember 2024
6,141,704
At 30 September 2023
5,780,361
io-

THE FIRE SERVICE RESEARCH & TRAINING TST
NOTES TO THE ACCOUNTS IcoNfiNUED}
FOR THE YEAR ENDED 30SEPTEMBER 2024
Credltors: amounts falling due wlthln one year
2024
2023
Trade credltors
Accr4Jals
124.090
1,250
34,1(Kl
1,250
125,340
35,350