COMPANY REGISTRATION NUMBER: 00602706 CHARrrY REGISTRATION NUMBER: 262247 The Socio of Leather Technolo Llmlted ists and Chemists COMPANY LIMITED BY GUARANTEE Unaudited Flnancial Ststements 31 December 2025 Indopendent Examiner Me•thxs & Co Limilwj Hd[and5 House 1 Kirys CrAYt Kettering Pwkway Kelten"ng NN15 6WJ
The Societ of Leather Technolo ists and Chemists Limi Yr •nd ¢¢• 2026 Pag• crdI of M898M•nt rwl Indepdert exwninefs rep to the men)ws SlateTrkrt of fInCIal acts8$ lYKbJdir¥J i1¢¥ne And w•nirn *c4MI) Stalement oi firwoal posbts NLth to Ihg finandal #lateme
Pa9• 1
The
ocie
of Leather Technol Ists and Chemists Limlted
PANY
NTEE
of
Yur
The mwmbws. who we a150 the drectcs the puposes ol CDmpwy law. wegent their r•port •nd the
hw(filed fin4 slalfrnenls tx Ihe ehbty fry ts yw end•d 31 Decembw 2025.
Releren¢¢ and •dmlnl•lr•tlvt det•ll•
Regl•t¢r¢d ¢hrtty name
The So(xety ol Leatrw Tththolcq and Chemlsts Llmlled
Char#y veglstrntton number 262247
Cornpany regl•tr•tlon number 00502705
Pdnclpal offlc• and r•9lst•r•d Parf4 Lod9
lTheR
Daventy
NN112LQ
Th• m•mbeY•
Mr K
MrN Payne
r M Thcrfnps
r IA AbbfAt
Klr D Miller
Mr K O M¥donald
Pn)f WR Ws?
Ur L Irlv
Mr J J os91
C M Ansctynbe
Mr J Avwy
Mrs D A Taylc
Mr M nn¥
Ur T M4ra
Mr S R Trwtsm)
lAF1•d 26 April 20251
(Aw)intèd 26 Apnl 225)
IAFpoirled 26 Awil 21Y251
IAprx)iMed 26 April 20251
(Rewgnod 26 Awil 2025)
(Rwgned 26 April 20251
(Resid 30 June 2025)
OM¢ern InTAl•d to 4ftd Councll Meeiifig4 Ixrt wlhout vothg vlghts
Miss M KapusrAk
Mis M K Leafo
Jwm Editc
Mi33 M l
Page 2 The Socl of Leather T hnol ists and Chemists Llmlted COIAPA DBY AIIAt4 cHofM {eonllnuJJ 31 setuTe. govem•n¢e and m•n•gem•nt The ¢hwily Is c'bJ1ad as a company l•nited ty and is therefwe govem2d by a mBmorandum w#J Artidgs rA as9wats. Oblectlv•• •nd Gtlvlll•• The charity's (Ièckn. its acliw c(YrtnU85 th te th#t and encowagry th• applic8liM of sci•n¢e and tethnow to th¥ m•xrfaLtwg rl1è8ther and related produds and by the puWicion of joum43 and Ihe hol¢"rYJ of ffiwlir48. to Iwthw th• dgvdDwnwrt 8denllfi¢ knoedge in Ihe leather Ymknlry. Polklès adomed to •¢hleve the ¢15 oblectl¥ 1. To set sLthLryIi rntes forrnembsrn "bern al a level consistert the ablty to luTh the cèJ'e(vgs ol Ihe s and to altracl wxkmlry. ¢rgarisatson5 * librari8g. 2. To wbli5h th Joumal ol the Soc40ty ol Leather Tendlsts KI rnIsts. 8 r8ccgnlsed inlwnotyonat joumel whieh hes been wknlished mL¥hly LY trirfnonlty SI 1917. To lnate oth publications of a sc40nlific or technob>3ical nattxe whwo 4yopriale lo fvrthor Ihe obj8ctives of the 3. To devise analyts'cd methods for wbli¢atlc as Offic1 Mdhods of thè Society and to collalxJral8 wilh thg other tytwilsats" In fv lormulthn of IFkwn'on•l Mothods ftytho Analysi5 of L•aih8r related 4. To hold meetings. if 5$tle. cn an ba&s. arml to encrxwage and support regional mèètings held by local groups and overnoas s•¢ti¢Jw. Strthglc r•port The ftjllcwing Se10n5 for achthmwts and Ferfance fmanfaal review fonn the slral rnp(Yi of tho chanty. Achlevements and perforni•n¢e The suwus fcr th¢ year £367 (2024". £351 deficit). ¥¥¥j tr*al fvnds to be cwried for4v4rd LY £85,69712023. £85,230). The CounL?l of Management (hxs r#Jt ewsider Ir IVe been ony import8ni event5 affectwvJ tho Society ¥en the dets of Ihe balance sheel Ihè date Ihal thi5 rw was %gned.
P•ge 3
The Socle
of L h r Techno
Ists and Chemlsts Llmlted
ANY
DBY
NTEE
(Mnthbj
31
Fln•nd•l r¢vt•w
11 hgs b•4n a year of me8rngful pro$ thoughtr Iha S•xAety ol Leaiher
rechnologi$ts and Chwnists. In an ovd¥ing wofession81 landsca, OLY focus throughout 2025 has
been lo strengthen ffig898menl modemise cw •nh8nc¢ member value. and ensure
Digt81 DeYeloFThni the New Vthiie..
A kèy hievemrt in 2025 was Ihe Succes( launth of lh8 So(iety's new webte. This devglopmerrt
reprfrsent5 an impottsnt slep in modemising Ihe Swaty's ccnftx10n3 irrfrastructtre and imwomng
gagementwilh memèer¥ Jtakthddws w(x1lde.
Thg nw•4 platfonn Pfovidgs irryjfoved accessilxlty lo rf0mory cltrer na¥igalkn. erthanced wsitxlity
ofev8nts and publlcations, bett8r inlew'on L mwnberresoLWC•$. It also str&rS the Society's
th'9it81 presanc•, Jupptyts'ng b)th rfjuutsnem and wentbjn 04"ectives. The Coundl wll continue to
monitor and refine the to ¢nJLe rt meets the evc4ving ne&ts crf Ihe mwnbuMp.
CdlatKfation with the L$¥lher C¢wwvation Cwrtre:
l am parriarty 08$81 to rwt the estatlisfmant d a new colBb(Y•tion with th• Leather
Ccfis8ryatlcn Centre. This p¥trwsh"p rgcognisai the n&urd thgr#rthl bets¥aen 16ather SC1Ce.
te¢hnology. and Cmswlon pra¢b"c
The ¢O11otKKab.L is intended io pr012 tr0s54ftscaInary oxtrtangè bèhveen thl0gts. cherniBts,
and Conservation 5pea4ists. and lo On¢rage10urt IlNtialives whBre aFVOtMiate. The CouKil C81derS
this relats"cn$hip to be a ¥aable ext•nsiM of Ihe Socidy's wdess'LThI nthork
Dweloprnent the JoumAI".
The Journal remains ntrttl lo th• Scc4"ety's i'ty and purpose. In 2025. we have work•d to exparKI
its scope and accessitrfhty by introthKffy additional le•twes d8sign¢d to incr•aw relevarte and
8ngagement. Nv4V elements I[u¢J9 w)ande
Pay4 The Socl eath r T hnolo nd Chernlsts Llmlted PANV BY EE lolma ort fconllnuedj The inbllaO¥es Lndert8ken in 2025 relknt 8 COlnUed cc¥milmant Io 5kngtrkng Ihe Soryety's opgrgllonalfr8moworfEwh"ble fjdvwcang ils •KI w(rf85sK)nal otieclivgs. The Ctyjncil rn0•n8 Iocu59d on thal the Society operales reswmsy, adapts lo emwging ch18n90$, and "Nas to prode v4lu• to its m•mkn Ihg widw ltrather mMlty. l exiend my thanks to CourKil menwB. clficws. •d610ts. vdLvtsws. and th• membwip fty +)ngoing siw and contribution It¥tyjgh0 the year. D8borYkn Taylw, ?S.hpfil.. eoz6 T eounul ofrnanagernent wnJal report tha $trabic rwtwere woved .... . . .. .. .. . and swed b8hall of Ihe board of Itusto•s ty". Mr$D ayl Presidert PAr D IAiler
Pa9e 6 her T hnol Is and Chemlsts Llmlted BYG ARA sRe ortto emb ear en O•c•m 26 I repth1 to th• members on my examinati d thè finwi31 ststemeJ)is of Th8 Society ol Lealhor T¢¢hnobogisl8 and CTrSts Lbrniled (Ihe (wltyl for year eThlad 31 De¢•mbw 2025. Re¥onsAMlles and buls of rewt The Irustees we tlso ihts (I'reclorj of the ¢cffny Ihe purposes of ¢1pany1• are respLMsiL4è f 8 prepar8tion of tho ffin8nc481 statements. The tsuslees consider Ihal 8n audit is not I8Tell fw this year undw seclion 144(2) oflhè Chibes Ad 20111th0 2011 Acal thai An Indgpwd•nt exanination Is needed. rfependt st•t•mwrt In eomectyon my eXIn&ll¢)n, no rnattw cryne lo my IrtIon. 111 give$ me reasonable catye to beleye Ih•l in Y ma¢eiial rnspect r9qLAr&ttS: to keap aceounling reeordy in ac¢tydvthwith s•¢tiM of cTrpanbeS Act 20C6. and the a¢Lnts do not xcord with It5• rocords, w)d to prepare &c(iJnts accryd wkh th8 acc*"n9 rè¢LYds. comFly th• acColing reArementS ol secli(ffi 396 cl the Comwies Aei wilh the methods and wrap1&8 of the Statement of RecoFnmended PraGtre.' h£Cn"rj aThJ ReF(¥ts'ng by Chwrties have not be mèt, (Y 121 to whth. in my opirmon, attention sh1 be in lo enable a propw wdefstanding of the 18 tril ZOIG N•1 Gray M Phys (Hons) FCA M¢adLMS & Co Lj'mitwj Headlands House 1 Cowt Kettering Parsway Kettn9 NN15 6WJ
Page 6 of Leather Technolo nd Chemists Limlted MPAN ate Flninda •ndt udl ve account Y•ar 31 Dec 2026 UMestrbX•d Restricted fijnds ftmds Total fund• Tolal fund5 224 Income and d0MEntS tknaii¢ffl$ lewes O¢hw trading 8clivili8S Investment income Tot Income 12.713 31.918 12.713 31.918 1.046 45.677 12.538 22,793 1,127 154 45.523 154 36.458 Exp•ndtture Expenditwe on rskig fvnds: Costs rrf rwsing OC10n5 and 18gaci8s Expenditure 8Cb"Wbe$ Total exp•ndltur• 28.883 16,427 28.883 16.427 22.435 14,374 .10 4&310 45,310 36.809 Net Incomellexpendltuye) and net movwnent In fund• 213 154 {3511 Recondllatlon of fund• Tol81 lund¥ broUt f<MwaT(I Totsl fund carrf•d fornanl 74,352 74,565 10.878 85,23) 85,581 85,230 11.032 85,597 The st8lemenl ol finandal aclibities in¢thJdM al 98bns késes reColSed In the year. Al income 8nd eypeNJiure dwi4• ClInu1n9 Ktiv"8&. The on p•gM I to 16 form part the¥e lkn•ncld 8t•lornent&
Pag¢ 7 The So L ath rT chnol Ists and Chemlsts Llmlted COMPAN DBY In nc 20 224 Mo Flx•d •8•ets Tangible ffix&a assets 16 Cunent aU418 Slod(s 18 11.049 77.847 Cash at bank and in h•nd 87,630 88,074 Crndltors: amounti fNkng du• 7hlthln one y¢4r N¢t current 3.755 85.541 85.597 85,124 Tolal +ts l••s curr#rt114bllltle• 85,230 Net aMet• 85.597 85.230 Funds of the charfty ReslrIGI funds Unreslricted filts 11,032 74.565 10,878 74,352 85,230 Told charlty fund• 85,597 For the year 31 Oecembor 2025 the was to exry.0 frL¥n •JOrt wde sècti 477 of tho Companies Act 20C6 relatrng lo ¥mo1 comparnés. Dked¢ys' reswsiblfitles: TIE members hov• nrrt requre(I Ih c(w to rthn (rf 11$ finfrtial StstemlS lor the yw ¥1 queslicn In accOn ith sec11c 476. ThB directors acknowleiSgè thar responwiw"lrtieslor conylying with th• tho Act with rosperl to roccffds the weppA•"M rrffinwKiAI SLqt•mw. These financil slal•m8nts have been wep¥ed In With lh8 FYo¥isks wplicabla to companie$ subject to the smal companh%' regim financa¢l stalwnerts were appro%d by fv tx)wd of trusle8s 4Th1 lS8 lor i¥su8 C Af r',1 2(Jts and e svjned on bew of tho bJd by.. Mrs ykx Ftresioem Mr O Mllef Trea$urw Th• nots• on 8 to 16 lorni p4rt olth•M Iln•nclal
Pige 8 The Socl r Technol l ts and Chemlsts Limlted NTEE lothe Genernl Inform The thity is o benofft witity aThJ a wivttte ccry•iy limtted ty guarantee, rogisler•d In Englarnl and W8les eThl a re9Siei•d charity in Eryland aKI Wales. 8(Sdress of the registorecl office Is Parl( LtJ9e. 1 The Ridgeay. W1. Davenlry. NhaOn$1e. NN11 2LQ. L St•t•ment of compllance These siatements have ts8 prep¥ed in ac¢cffde wrlh Accounting and Reporting by Ch8dties". Statement of RecommeIed Practice applth to tt.8$ 1xeprj their 8ccounts in accord8r wilh th¢ Fir81 Repth'ng Sdd vwlicotle in the UK and RepLtll¢ of Ireiqnd is5d n Octthr 2019, The Finanual Repth'rs Stdwd applie4bie in the UThled Kingdom and Ropublic d Iroland IFRS1021. the C(paie$ Acl 20[ and UK Gerr8ty Accopte(l Aecounting AGcount5ng pollcle• Publ1¢ bofill The TIus(q85 (rfT1 Socigly of Lealhw Tthi()Jsts &)d ChBrnisls Limited under¥tsTra Ihi need to rowd to the Ctrwity CoYrni•siw'8 gJdar£8 on pU1C Ba¥ ol Fry••TlDn The finwel swwnents have begn weparèd ffi Ihe tstMcl cost basij. as modified by the ro¥auaiion of ctaln ffirwrK4al assets and li•10S and ibwestmwrt mwured at f8lr inccme or expenditure. Tho finarKial statemts are wep1 in s(ertlr4. whlth Is function81 rrencY ol entity. Golny concern Thefo are no m8lerfAI th8 drt$ 814ty to cc¥)Iln Judg•ment4 and k4y #ourcu of eqttm•Uon unc<rtalhty The Pparation crf the lInaal statemts rw•s to make judgements, ejbmales nd as5umpticfis that affect the reputgd. Thos8 •$timates and I1gemeN3 are ¢tInue revi WKI are based exp8n.erte and olher fKtors. irththng •y¥xtatI¢$ of lulure events that tr¢ believed to reas¢wble the Qrcumtaes. Fund a¢countlng Unresblded I(d$ we av•latla for use * the di$crd (rf ts trustèas to IL•1hor •ny of th8 chanty's pwpo8es. Oesiwed kn¢8 We Urtn"I1d •ame by Ihe mwnbws Icrpartiajlar futw• yoièct or comrnNlmw Restcld fvnds wt¥'eded to reth"clths on thtyrexpdrte dthed by the dor4ycf flyoah Ihe tem$ of an aFval. f811 into (Th crftwo ¥tsd•sses'. restricled inoJn• fimds orenthmnent ftjnds.
Page 9 Th Socie of Leather Technolo nd Chemists Limited BY NTEE Inancl (1ulj Year ed31 •mber Ac¢owMng poll¢l¢• (conttnu•d) kncomlng reaource• All incthrmg rescuces We >ded th& statsmwrt rA I[rlaT adtNities Whe •nliknenl has P8s$ed lo the tharity., it 1$ probth that thp goornIC efitS a2bsocialed wilh Ihe transxts" vlll flow lo Ihe charlty Ihe arnnt can bo relaw meas. The fol¢ying ydfic poldes we 8pplred to partic categories of income: inwie trun d"On8 LY gts L recognis•d tr¢we is evidwKe c¢ entitsmert to the gft, recespt r& ils amwil can be measwed r&"ly. legacy I)me is rwlsed wh•n rnee1 is pr+)bable is e3ts1'ahed. incomo frryn donated 9t1& i¥ nwufed at the fair valw cl the good5 Un5$ trM$ Is impracts.ed to measurè r8lAy. in whith case tho Vall is derivod from the cost lo the dmor esbmalwj resale va. Chxtsl facil"e9 and s•Ncas we iecognised in the accounts when rec&ved rf the value w be retr'obly m•asured. No wnwnts We included lor the incAyne fr(Th otraCt$ l(x supF4y ol servi$ is rOgniSed wilh the (Wivèry of Ihe contrèctad seNc8. Ttms is cIAssffjod as urygstyicted fiJnd5 wl•ss thwe is a contractu requirement it to be yni on a p8rticrf¥ F4JW and rgtumed rf urygnl, in whith c48e it may be rggwded as rB¥trirAe(L R••ource• •xpend•d Ewditure i¥ an xuuals ba$is as a liaL¥lty is incLfftd. Expendilwe inchjdes any VAT whith be fully r8covwed. dIS das&fd uTrler fath"NJ$ dlhe Jtalemort olfinancial a¢¢iNlts•• to whith il rel•t¢s: eXpe.1e on raising fwds chS the Costs ftmdrawng acliv6b'e$, evenl$. no ¢h¥itsble trgding actiNitie$. sole crt dO[led goods. expendilure cfft chantabie Inckths 41 costs by a ¢hty in Lrtartrj acliwies th& ftwther ils charitat48 alrns fty the belfft crf Tts b6n8fiowies. wL¥Jing those Support costs and costs relating to the wvemance the tharity aFwlioned lo chanla)le olher expenditre iu(kn al exp8ndilure ihatis Mth•rrdto raIng IlhO charity nor part of its eypendilure on chwitth ac%illes. hjl CAJSts e aYo¢ed to expen(Jilure Ceg(W$ f&fleth Ihe usè of tha rastyJrce. costs attributabk lo a activity ¥ allwated drecuy to acivity. Shwed costs Are aFporttnBd bgtwe) Ihe ac11leS Ihoy Contrtle to ¢n a reosonat48. I11al consistent b•slB. T•nglbl• aM•l• TangiNe a88ets 8re wiitiaty rdeOI¢0$t. $Y slated at castl any ac£umukqled deprooation and impairmwl h3ss¢$. Any Ae as5eis Garri8d at fevalued amwnl$ are recorded al the lair value at the dae of re¥8knalion less any subsoqupthi &cunul8ted dewKiotion ana $ubJewent •c¢un$>j iThwmiert10s58s.
Pige 111 Th ocle of Leather Technolo Ists and Chemi ts Limlted Fl Yurend Accountlng polcl•¥ (¢onrtsMMd) Deprnclatlon owec1ali 13 caScLdated 80 as lowite dfthe cost or Valulti Of ass& le58 ts Te&du81 vdu8. over the eful ocorThiie Ie of thai a•1 as fdows.. rt and 20% strght I'n• Impalnn•nt of ftxed a••rf• A revivw iTrJcofS rf imparnern is caTred oth at eath rew1w)g dale. with the recoverable amount b•ing e3timal•d whore SLKth indi¢atOT3 exisL th¢ vdue 8xGeeUs Ihe recover8$ amcAmL Ihe asset is iryar•d ftior n1rMentS 8re al80 rtviv¥?d foi posJlt4e reversal at èach ling date. Forlh• of knpaimianl testing. it 15 ncl possible to eslim8le Ihe recover&4e amount of an IndivbJJ81 asset. an $"male is made ol recovert4e affl01t ol the cJsh-general¥ig unit to which the asset kdongs. The c8sWeneratir4 urMI 1$ the smalest id•nttfkqbJe grc4Jp of assets that indudès the 888et and genwatej cash inlbws tlt Iwgoly ind•wdent d Iho cash inllN5 Ir<Yn athw ay88ts c¢ of a$ss. Fcy inwrment lasl'ng of gooth¥ill, the 9111 acquired a SInesS ccmtinab.on is, from the aultM dale. ailocaled lo e•ch crf the cagnting LXWt$ that we expected to beneffl from the synergie8 ol the comLynali)n, irrtispectr4& of whelher othw assats or liabrfilles of lh& thartty are assigned to Stocks Siock$ measLKed al th• ltrwer rrf cost axl ests"mat•d saling rm less costs to comkyetts 8rn1 sdl. Cost indudos all 1$ ol wrchas•. ¢ts of c(rnrsion and (Aher costs in¢urrod in bing thè Stttk to Its wes8nt locw c[1C Llhthd by gu•vantee T Srxiety of Leh•r TKhrK4ogists ch151$ Limrted Is a elryany by guaran? and ha$ nts sh•r6 c4)rtd. & Donatlon¥ ind 1•gad•s url[ld Total Funds Unrestricted Tot81 Funds 2026 2024 Donatlon• Donations Spon•ov•hlp Members and assCQ8tes 10.160 10.160 10,352 10,352
Page 11 of Leath r Technolo Ists and Chemlsts Limited TED8 D•c & Don4ll•ns l¢gaGI•s (Mnthw•dJ UnrestrKl•d Totsl Fund• Urnstrid•J T41 FxIS Fwds 2026 FuTrts 24 Sub#¢rtpllon8 SLsulptl tyiC1 fees 1.692 2.186 2,186 12,538 11713 12,713 12.538 Oth•rthdlng a¢Uvllle¥ Unrn8tricted Total Fund¥ Unrestricled Total Funds Funds 2026 Funds 2024 r8ceipls 791 20.597 10.5 31,918 791 20,597 10,530 9,497 12.530 9.497 12.630 22.793 Joumal ioM 31.918 22.793 Inv••trn•nt Incom• urweStrld Restricted Total Funds Funds 2025 k rrten$l rec&vable 154 UreSlCted Restn"cled Tolal Fd5 FurH5s Funds 2024 175 1.127 & Colli of don•tlon• and Lkyestsiclod Tot4 Funds Urestricted Total Funds 2025 2024 Opening slod( Joumal PFinting Closing stk Hcfi¢xaiium- edit Accommodotion for Stu1$ ConferW &xponditLKe SubscJiptiM- IULTCS 493 7,375 14441 2.4TrJ 14001 2.400 14CQI 7.375 14441 7,563 1.475 16.736 362 1.475 16.736 362 7.095 7.095 353 28.883 28.883 22.435 22,435
Page 12 The ocie of Leather T hnolo ists Chemists Limlted thèFI Ye•r 31 Exp•ndllure on ¢h•rtt4bl• •¢¢Mdu by fund type IknstrKed Totsl Fund¥ Unrestrided Tr1 Flnds Funds Fun(ts 2024 Swrt cxKts 16.427 16.427 14.374 14.374 10. Expendtture on ch•rltable actl¥ltl•s by acdvly typ• &pp)rt Totsl fund• Total lund 2021 2024 16.427 16,427 14,374 11. Analy419 ol •upport corts Urnestrtcrod Fal Tot 2026 Toial 2024 Staff $ts Comrnunicatiffis 2nJ IT Finnce costs Travellng and me8ts.np SLmthy expenses Dèpwation 89 charges Postage alld cwriago 6.213 6.559 2,452 8.213 8.559 2.452 5.974 2,163 2,376 2,952 164 164 182 581 16,427 16.427 14.374 11 Net InC1¢eXPendttUr1 Nel incre1{eXrt1ej is slated after cwyrWltte¢ltry}: 2026 2024 Dtspreciati of fary"Lle fixed assets 1& Ind•p¢ndent ex•mlnatlon f 2025 2024 Fees paythl? lo tho VMIepdvn1 ex•nin•r f(r. Indepwvkn exami11( of the finarKAd st&teN 2.452 2,376 l& Stall GD•t¥ The total staff costs Yee bxffts Icrthe repyong pd are analysed as fclknvs. 2025 2024 Wages and sdwies 14.079 13.537
Page 13 he Soci of Leather Techn lo Ists nd Chemis Llmlted NY eFI (¢onthiii•dJ l& Stsff ¢o•t¥ fconthu•dJ The a¥ern3e head Cnt crf emkloyees ¢JJrfrg Ihe yew was 2 (2024." 21. The avwa9e numbor ol fi41Me oquiv8lent em&3 duriTrJ thg yw is W8lysed 8sfolows'. 2025 No. 2024 No. Admini8traiKJn s No •mFloy•e recovmd ernOYee benrfts of lh £60.Cm +knng trw y•ar {2024: NI). 15. Tnmtee remufier*Jon Ind expense• No TemUnerOn or (Aher from wnrloyrn&tt th the thpJity (r a rel8ted enbty were reGve by Ihe trustees 16. Tangllth flx¢d ••••ls machknery Coit At 1 J•nu•ry 2026 and 31 Dec•mber 2015 D•prnclallon Al 1 Jawary 2025 Chtrge for the year At 31 Decembtt 2026 ¢anykng amount Al 31 Decemb¢r 2025 At 31 D•wrtbfjr 2024 10.597 10,491 10,541 56 17. 3¢ocks 2026 2024 Rthv mat•rial$ aThJ cuwumables 1& Debtorn 2026 2024 Prepayments w•J acrAThJ 11,049
P•ge 14 Ists and Chemlsts Llmited eather Technolo omp to th• Fl ear 19. Credttor&' am(wnts I19 due TlhI one 2026 2024 Trade Creditcn Accrual$ and dofwrnd irKc#na Sodal seity and ollw laxes Otrw crethiors 219 2.470 133 219 2,600 131 3.755 2.950 2& An of ch•rltable funds Unr••trkted fund• At1Jan 2025 Irrtonx Expermkn Tr•nsfers 74.352 J1 D•c•fver 2025 General )trids 45.523 (45.310) 74.565 At1Jar 2024 31 0ecemtr 2024 Incomè Exwithtur• Trantss 74.878 38.2&3 1&1809) 74,352 R•strfCI fun A11J8r 2025 Irarne ExFendbn Traner$ At 2025 Hwitage Fund Raymond Blthey fur 154 10.878 (1541 154 11.032 10.878 154 11.032 At 1 Janu 2024 Al 31 Decemb9r 2024 Ineirfne EX(le Tr8n5f•As Heriiage Fund Raymond Biakey ftmd 175 10.703 (1751 175 10,878 10.7(B 175 10,878 Herttage fund This FY¢¥ect wa$ start¢d thJnThJ 2018 wilh tt oty'ectr¥o ol w(NbirKJ SLTCS scrf¢ knLwledgg lty future gert&$. Raymond Blakey lund This lund Is de(*¢aied to Ihe creation of •) online ResoLY¢8 Cantre to refiect Ihe knthwledge ruIreMen1$ ol umnt and ftJlLre leaher technc4cgi6ts and
Page 16 Leather Technolo Ists an Chemlsts Llmited MP IA Note 31 21. An4ly¥l¥ of n•t between fvnds Lknstrlcted R8strlrleO Totsl Fund• Fthds Funds 2025 Tanglble fixed assets Cwronl assets CreLfjtors less than 1 year N•t 56 89.296 13,755} 85,597 78,264 (3.755) 74.565 11.032 11,032 unrestn.cted Funds Rg$trKted Total Funds 2024 Tangble fixed 8ss¢ts CLmnl as5et8 Crethlrys I$ than 1 yèar 106 88.074 12.950) 85.230 77.196 12,950) 74.352 10.878 10,878