Charity Re8lStration No. 234873 THE FIRE SERVICE RESEARCH & TRAINING TST TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
THE FIRE SERVICE RESEARCH & TRAINING TST LEGAL AND ADMINisfRATIVE INFORMATION Trustees Dr R Harrison MrAHay Mr P Wankhade Mr A F Ledgerton-Lynch Mr R Scott Mr M Cashin Secretary Mr J Lancaster Charity number 234873 Independent examlner TC Group Celixir House Stratford Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire CV37 7GZ United Kingdom
THE FIRE SERVICE RESEARCH & TRAINING TST CONTENTS Trustees, report Independent examiner's report Statement o* financial activities Balance sheet Notes to the ètcoynts 7-11
THE FIRE SERVICE RESEARCH & TRAINING TST TRUSTEES, REPORT FOR THE YEAR ENDED 30SEPTEMBER 2025 The trustees present their report and accounts for the year ended 30 September 2025. The trustees have adopted the provisions of Accotsnting and Reportin6 by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in bccordance with the Flnancèl Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective I january 20191. Structuiei governance •nd management. Goyernlng document The charily is controlled by its governing document, a deed of trust and constitutes an unintorpoTrted charity. The charity 15 unincorporated and was established by a declaration of trust dated 27th AuEurt 1940. Principal address The Fire Protethon Association London Road Moreton-in-marsh Gloucestershire GL56 ORH The trustees who served durin8 the year were: Dr R Harrison MrAHay Mr P Wankhade Mr A F Ledgerton-Lynch Mr Rscott Mr M Cashin Recrultment and appolntment of new trustees The declaration of trust originally provided that èll trustees be appointed by and hold office and the pleasure of the Secretaries of State for the Home Department and for scotland, who could also determine the number of trustees from time to time. In 2010 the relevant government departments indicated a wish lor the trustees to determine their own appointments of new trustees. Accordingly the declaration of thrtsst has been amerkded 50 that the serving trustee5 shall determine the appointment of new trL¢Stees ènd that there shall be at least four trustees. In addition, the trustees have determined that at least one trustee shall normally reside in Erlgland and Wales- and at least one trustee shall normally reside in Scotland. Tru5tee5 are appointed where they have the skills to contribute to the management and development of the charity. Trustees ale either setving or tired officials of long standing and seniority in the public or priwdte sertor,. and have extensive experience of the fire seclor and beyond. Induction and training Gf new trustees Upon appointment new trustees are provided with a copy of the charity'5 declaration of trust, the most recent audited financial statement5 and copies of the previous minutes of trustees, meetings. In addition new twstees are given a briefing by the secrelary on the charity's policies and procedures. Recent appointees have all been familiar with the duties of a trustee but the charity would organiie attendance on a suitsble course if necessary.
THE FIRE SERVICE RESEARCH & TrAINING TST TRUSfEES' REPORT ICONTINUEDI FOR THE YEAR ENDED 30SEPTEMBER 2025 Organisattonal structure The charity is managed by a Board of Trustees. A secretsry 15 appointed by the trustees under a contract for service5 to administer the day-to-day operations of the charity. The Board of Trustees ordinarily meets four times in each year and also operdtes arrangements for trustees to be able to conslder and approve 8pnt5 between meetings. In order to monitor the outcomes and progress of rtaIll projects, individual trustees may visit project locations and attend project events during the year. The trustees have asse$5ed ihe major risks to which the The Trust Is exposed, and are satisfied that Systems are in place to mitigate 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 pollcy and management of investments which they believe provides adequate securty fortheir operations. ObJecti¥es and activities Objectives and aims The objectives of the charity are to promote and assist- research tnto methods of the prevention of, protection from or response to, fire and rescue service related risks posed to buslnesses or communlties; - training of fire and rescue service personnel,. secuiing improvements in appliances of value to the fire and rescue service,. and - securing the general efficlency and effectiveness of UK fi're and rescue services as a whole. The tharitv's purpose is to SUPPOrt learning, research and the sharing of information and ideas acr055 the UK fire and rescue services by: promoting and a55isting the training and development of UK fire and Trscue servtce peOnnel,. promoting and assistinE new researth ihat meet5 the needs of UK fire and rescue services,. and - 5harin6 information and ideas relevant to UK fire and rescue services that asslsts in leaming. Whilst the charity works with other bodies on specific projects. the charity's overall strategy, direction and pro8fdmme of work remains independent,. as set by the trustees. The tru<ees have paid due regard to guidan issued by the Charlty Commisslon in deciding what activities the The Trust should undertake. PublÈ¢ benefit The trustees will not aliy the charity to. or provide commercial advantage to, any commeIal organisation or group of commercial organisation5. The trustees have regard to the Charity Commission suidance on public benefit and consider the Charlty's activities and award of grants are for the public benefit. History The charity was established in 1940, usin8 funds provided by the Insuran sertor to encourage study and experiment on file protection and prevention.
THE FIRE SERVICE RESEARCH & TRAINING TST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Grant maklng The trustees receive requests for funding from institutions and individuals and a55ess these on the basis of their contribution towards the stated objerts of the charity and available financial resources. The charSty awards four types of grant- - scholarship award scheme: funding study programmes subject to maximum award of £2,5CM) per annum. - small project grant scheme= fundlng research projetts from £1,000 to £3,000 over a maximum of two yeats. research fellowship award scheme.. funding p05t8raduate 5tudie5 programmes subject to a maximum award of £20,0(K) over a maximum of three years Isix year5 of part time studle51,' and research project grant stheme= funding research projecls In the range £lO,O(M) to £250,LXK) over a maximum of fours years. Further infr)rmatioft to assist grant applicants can be found on the charity'5 website at WWW.fitRJSt.ints. Achievements and perlomiance Charitsble activitles During the year the tr115tees continued io consider and approve application for grants which were TrtlY in the areas related to improved performènce by the UK fi service. The trustees approved grants during tIE year of £418.113 I2024- £179,959). Investment performan The performance of the charlty's investment manager, BlackRock Investment Managernent IUKI Limited. is regularly reviewed by the trustees ègainst appmpriate benchmarks. The trustees are satisfied with the current performance and the overall return attained from the charity's investments. The value of investments increased during the year and the BlackRock portfolio had a valuation of £6,652,709 as at 30 September 2025. Financlal revlew Financial position The trustees are satisfied with the financial state of affairs of the charity. At the year end the balance on the unrestricted general fund was £315,69912024- £535.0651. Principal funding sour The charity'5 investment income is solely derived from the funds, as currently invested, with whith the charity was endowed on its creation in 1940. Re5er¥es polScy The trustees have regafd to the charity's annual Income with awardin8 grants but they consider themselves, neither limited by income receivable in each year, nor bound to apply the whole of ihe income receiwble iri each year. Therefore it is the policy of the trustees to maintain sufficient unrestricted general fvnd5 to meet their funding commilments and to respond to except'onal applications for grants which may arlse from time to time. Investment pollcy and objectives The trustees, investment objettive is to achieve capital growth and a growing level of income. The charity's investments solely comprise a holding in Charifaith, a tommon Investment fund, which seeks to avoid investment in companies with a signllicant proportion of revenues frorn armaments, pornography. toba(co, aboOn and contraception,. thus achieving the trustee's ethical investment policy. Charifaith is a diversifi.ed fund with exposure to equities, bonds, low risk absolute return lunds, property and cash and is actively managed by a professional fund manager.
TH£ FIRE SERVICE RESEARCH & TRAINING TST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED30SEPTEMBER 2025 Pkn$ for the fvbjre The charity's aims and objÈctives remain constant and do not change from year to year. However. the way in which the charity managès its affairs will continue to be reviewed during the coming year in olde¥ to improve the charity's overall effectiveness and, in p3rticular. facil(tate improved grant applications. On behalf of the board of trustèes A Hay- Trustee Dated: 30 January 2026
ThE FIRE SERVICE RESEARCH & TRAINING TST INDEPENDENT EXAMINER'S REKIRT TO THE TRusfEES OF THE FIRE SERVICE RESEARCH & TRAINING TST I report to the charity trustees on my examination of the account5 of The Fire SeNice Research & Training Trust (The Trust) for the year ended 30th September 2024. Respective responslbllittes of trustees ind examlner The charity's triistees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for thi5 year under Section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under Section 145 of the 2011 ALt; lill to follow the procedures laid down in the general Direttions given by the Charlty Commission under section 14515llbl of the 2011 Act,. and liiil to state whether parbcijlar matters have come to my attention. Basis of independènt examiner'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 3 comparison of theaccounts presented with those records. It also include5 consideration of any unusual items or disclosures inthe accounts, and seeking explanations from you as trustees concerning any SL4ch matters. The procedures undertaken do not provide all the evidence that would be requiied in an audit and consequently no opinion is glven as to whether the accounts present a 'true and fair view, and thè report is limited to those matters set out in t1 statement below. Independenl examiner's ststement In connect?on with my examination. no matter has come to my attention.. lal which gives me reasonable cause to believe that in any material respect the requirements.. lil to keep accounting records in accordance with section 130 of the 2011 Act.. and lill to ppare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act- have not been met,. or Ibl to which. in my opinion, attention should be drawn in order to enable a proper undetstsnding of the ccounts to be reached. Ccd,-/ TC Group Celixir House Stratford Busine$5 & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire CV37 7GZ United Kin8dom Dated: 30January 2026
THE FIRE SERVICE RESEARCH & TRAINING TST srATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30SEPTEM8ER 2025 Unrestrirted Endowment funds funds Total 2025 Total 2024 Notes In sfr Investment income 223,173 223.173 206,143 Resourtes ex Charltable activities Direct costs Grant funding of activities 12,000 416,178 12,0 179,959 416,178 Totsl charitable expenditure 428,178 428.178 191,959 Governance costs 14,361 14.361 16,422 Total reSoue5 expended 442.539 442,539 208,381 Net out8oin8 resources 1219,3661 1219,3661 12,2381 Other rKognised gains and losses Gains on investment assets 511,005 511,005 484,256 Net M0ment In funds {219,3661 511,005 291,639 482,018 Fund balances at l Ottober 2024 535,065 6,141.704 6,676.769 6.194,751 Fund balantes at 30 September 2025 315.699 6,652,709 6.968,408 6,676.769
THE FIRE SERVICE RESEARCH & TItAINING T5T srATEMENT OF FINANCIAL ACTIVITIES (CONTINUEO) FOR THE YEAR ENDED 305EPTEM8ER 2025 Investment income 2025 2024 Investment income Interest receivable 209,490 13,683 190,093 16,050 223,173 206.143 Total resourcu expended Other ¢osts Grdnt fundin8 Total 2025 Total 2024 Charitable artivities Direct Activit7es undertaken directlv 12,000 12,000 12,0 Grant funding of activities Grant fynding of activities 416,178 416,178 179,959 Iz.000 416,178 428,178 191,959 Governance costs 14.361 14.361 16,422 26,361 416.178 442,539 208,381 Governance costs include5 payments to the auditors of £2,850 {2024'. £3,000) for audit fees.
THE FIRE SERVICE RESEARCH & TRAINING TST BALANCE SHEEr ASAT30 SEPTEMBER 2025 2025 2024 Notes F&xed assets Investments 6.652,709 6,141,704 Current assets Cash at bank and in hand Creditors: amounts frdlling duewlthin one year 552,353 660,405 1236,6541 1125,3401 Net current assets 315.699 535,065 Total assets less cuffent118bilitles 6,96B.408 6,676,769 Capital funds Endowment fvnds 6,651709 6,141,704 Income funds Unrestrirted fvnds 315,699 535,065 6.676,769 The ac£Dunt5 were approved by the Trustèes on 30January 2026 A Hay- Ttustee
THE FIRE SERVICE RESEARCH & TRAINING TST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountln8 policies 3.1 Basls of preparion The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wlth the Charrties SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement Recommended Practice applicable to charities preparing their accounts in accordance with the FInCIal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,. Financial Repothng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The accounts have been prepad tjnder the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain fixed a55ets. 3.2 Incoming oUrCeS Income All income Is recognised in the Ststement of Financial Activities once the charity has entitlement to the unds, It is probable that the income will be received and the amount can be measured reliably. 33 Resources expended Expenditure Liabiltties are recognised as expenditijre as soon as there is a legal or constructive obligation committing the chaiity to that expenditure, it is probable that a transfer of economic benefits will be requir81 in settlement and the amount of the obligation can be measured rellably. Expenditure is accounted for on an accruals basis and has been classified under headings that oggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basi5 consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as o commitment but not accrued as expenditure. Taxation The charity Is exempt from tax on Èts charitsble activtthes 3.4 Investments Listed Investments have been professionally valued at 30 September 2025 and are Included in the accounts at their fair value at that date. Realised and unrealised gains and losses on investments are dealt with in the statement of financial activitie5. 3.5 Accumulated funds Fund a¢¢ounting Unrestricted funds can be used in accordance with the charitable objectives at ihe discretion of the trustees. Restricted funds can only be used for partFcular restricted purposes Wlthin the objerts of the charitv. Restrictions arise when specified by the donor or wF>en funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements.
THE FIRE SERVICE RESEARCH & TRAINING TST NOTES TO ThE ACCOUNTS {cOnNUED} FOR THE YEAR ENDED 30SEpfEMBER 2025 (Continued) Grants payable 2025 2024 Grant funding of activities 416.178 179,959 Trustees There were no trustees, remuneration or other benefits for the year ended 30 September 2025 nor for the vear ended 30 September 2024. During the year, the trustees nelther received or waNed any emolumenl$12024- £nill. Trustees, expenses During the year the company reimbursed expenses incurred by trustees for travelling and rneetings to the value of £3.97312024, £2,3021 The number of trustees reimbut5ed was 712024, 81- Employees There were no employees during the year. Fixed asset investments Market value at l October 2024 Change in value in the year 6,141,704 511,005 Market value at 30 September 2025 6,652.709 Historical cost.. At 30 September 2025 6,652,709 At 30 September 2024 6,141,704 10-
THE FIRE SERVICE RESEARCH & TRAINING TST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 30SEPTEMBER 2025 Creditors: amounts falling due withln one year 2025 2024 Trade creditor5 Accruals 234.501 2,153 124,0 1,250 236,654 125,340 11