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 H￿d[and5 House 1 Kirys CrAYt Kettering Pwkway Kelten"ng NN15 6WJ The Societ of Leather Technolo ists and Chemists Limi Y￿r •nd ¢¢• 2026 Pag• cr￿dI of M￿898M•nt rwl Indep￿dert exwninefs rep￿ to the men*)ws SlateTrkrt of fIn￿CIal acts￿￿8$ lYKbJdir¥J i1￿¢¥ne And w•ni*￿rn *c4￿MI) 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 drectc*s the puposes ol CDmpwy law. wegent their r•port •nd the hw(filed fin￿￿4 slalfrnenls tx Ihe eh*bty fry ts yw end•d 31 Decembw 2025. Releren¢¢ and •dmlnl•lr•tlvt det•ll• Regl•t¢r¢d ¢h*rtty 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 os9￿1 C M Ansctynbe Mr J Avwy Mrs D A Taylc Mr M ￿nn¥ Ur T M4ra Mr S R Trwtsm) lAF￿1￿•d 26 April 20251 (Aw)intèd 26 Apnl 2￿25) IAFpoirled 26 Awil 21Y251 IAprx)iMed 26 April 20251 (Rewgnod 26 Awil 2025) (Rwgned 26 April 20251 (Resi￿￿d 30 June 2025) OM¢ern InTAl•d to 4ft￿d Councll Meeiifig4 Ixrt wlhout vothg vlghts Miss M KapusrAk Mis M K Leafo Jwm* Editc Mi33 M lay M Phys IHMS) FCA Meadthvs & Co ￿rrIlla Headl*s H(yJge 1 KIN￿ Cwl Ketterry Par Ketternj NN156WJ Page 2 The Socl of Leather T hnol ists and Chemists Llmlted COIAPA DBY AIIAt4 cHofM {eonllnu*JJ 31 s￿￿etuTe. 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 puWic*ion of joum43 and Ihe hol¢*"rYJ of ffiwlir48. to Iwthw th• dgvdDwnwrt ￿ 8denllfi¢ kno￿edge in Ihe leather Ymknlry. Polklès adomed to •¢hleve the ￿¢1*￿5 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 Te￿nd￿lsts *KI ￿rnIsts. 8 r8ccgnlsed inlwnotyonat joumel whieh hes been wknlished mL¥*hly LY trirfnonlt*y SI￿ 1917. To ￿l￿nate 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 Offic￿1 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$￿tle. cn an ba&s. arml to encrxwage and support regional mèètings held by local groups and overnoas s•¢ti¢Jw. Strthglc r•port The ftjllcwing Se￿10n5 for achthmwts and Ferf￿ance fmanfaal review fonn the slral* rnp(Yi of tho chanty. Achlevements and perforni•n¢e The suwus fcr th¢ year £367 (2024". £351 deficit). ￿¥¥¥j tr*al fvnds to be cwried for4v4rd LY £85,69712023. £85,230). The CounL?l of Management (hxs r#Jt ewsider Ir￿ I￿Ve been ony import8ni event5 affectwvJ tho Society ￿￿￿¥￿en the dets of Ihe balance sheel Ihè date Ihal thi5 rw was %gned. P•ge 3 The Socle of L h r Techno Ists and Chemlsts Llmlted ANY DBY NTEE (Mnthb￿j 31 Fln•nd•l r¢vt•w 11 hgs b•4n a year of me8r*ngful pro￿￿$ thoughtr￿ Iha S•xAety ol Leaiher rechnologi$ts and Chwnists. In an ovd¥ing wofession81 landsca￿, OLY focus throughout 2025 has been lo strengthen ffig898menl modemise cw •nh8nc¢ member value. and ensure Digt81 DeYeloFThni the New Vthiie.. A kèy ￿hievem￿rt in 2025 was Ihe Succes￿(￿ launth of lh8 So(iety's new web￿te. This devglopmerrt reprfrsent5 an impottsnt slep in modemising Ihe Swaty's cc*nftx￿10n3 irrfrastructtre and imwomng gagementwilh memèer¥ Jtakthddws w(x1￿lde. Thg nw•4 platfonn Pfovidgs irryjfoved accessilxlty lo rf0m￿ory cltr*er na¥igalkn. erthanced wsitxlity ofev8nts and publlcations, ￿ bett8r inlew'on L* mwnberresoLWC•$. It also str&r￿S 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 ¢nJL*e rt meets the evc4ving ne&ts crf Ihe mwnbu*Mp. CdlatKfation with the L$¥lher C¢wwvation Cwrtre: l am parri￿arty ￿08$81 to rwt the estatlisfmant d a new colBb(Y•tion with th• Leather Ccfis8ryatlcn Centre. This p¥trwsh"p rgcognisai the n&urd thgr#rthl bets¥aen 16ather SC1￿Ce. te¢hnology. and Cmsw￿lon pra¢b"c The ¢O11otKKab.L￿ is intended io pr￿￿012 tr0s54ftsca￿Inary oxtrtangè bèhveen t￿h￿l0g￿ts. cherniBts, and Conservation 5pea4ists. and lo On¢￿rage10urt IlNtialives whBre aFVOtMiate. The CouKil C￿81derS this relats"cn$hip to be a ¥a￿able 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)andeJrning yow. Th&se gudelines provide danty regarth.ng rrjes, re$￿S1￿.11￿"e$. standards of Cond￿}. and expectations of serbi¢& The Cwncil consid￿ this developm￿1 an Imp￿nI mea$Lf8 n St￿9￿en1rvj tr*warfvy. acco￿ls￿.11ty. and effactive gov¢man¢e willNn Ihe Society. Pay4 The Socl eath r T hnolo nd Chernlsts Llmlted PANV BY EE lolma ort fconllnuedj The inbllaO¥es Lndert8ken in 2025 relknt 8 CO￿lnUed cc¥milmant Io 5kngtr￿kng Ihe Soryety's opgrgllonalfr8moworfEwh"ble fjdvwcang ils •KI w(rf85sK)nal otieclivgs. The Ctyjncil r￿n0•n8 Iocu59d on thal the Society operales reswms￿y, adapts lo emwging ch￿18n90$, and "Nas to pro￿de v4lu• to its m•mkn Ihg widw ltrather ￿mM￿lty. l exiend my thanks to CourKil men*wB. clficws. •d610ts. vdLvtsws. and th• membw*ip 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 C￿Tr￿Sts Lbrniled (Ihe (*wltyl for year eThlad 31 De¢•mbw 2025. Re¥ons*AMlles and buls of rewt The Irustees we tlso ihts (I'reclorj of the ¢cffn￿y Ihe purposes of ¢￿1pany1•￿ are respLMsiL4è f 8 prepar8tion of tho ffin8nc481 statements. The tsuslees consider Ihal 8n audit is not I8￿￿Tell fw this year undw seclion 144(2) oflhè Ch*ibes Ad 20111th0 2011 Acal thai An Indgpwd•nt exanination Is needed. rfepend￿t st•t•mwrt In eomectyon my eX￿In&ll¢)n, no rnattw cryne lo my *I￿rtIon. 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 c￿TrpanbeS Act 20C6. and the a¢L￿nts do not xcord with It￿5• rocords, w)d to prepare &c(iJnts accryd wkh th8 acc￿*"n9 rè¢LYds. comFly th• acCo￿ling re￿ArementS ol secli(ffi 396 cl the Comwies Aei wilh the methods and wrap1&8 of the Statement of RecoFnmended PraGtre.' h£C￿n￿"r￿j aThJ ReF(¥ts'ng by Chwrties have not be￿ mèt, (Y 121 to whth. in my opirmon, attention sh￿1 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 Kett￿n9 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 2￿24 Income and ￿d0￿MEntS 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 r*skig fvnds: Costs rrf rwsing OC￿￿10n5 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¥ broU￿t f￿￿ded ￿ th& statsmwrt rA I[r￿laT adtNities Whe￿ •nliknenl has P8s$ed lo the tharity., it 1$ probth that thp go￿ornIC ￿efitS a2bsocialed wilh Ihe transxts"￿ vlll flow lo Ihe charlty Ihe arn￿nt can bo relaw meas￿. The fol¢y*ing ydfic poldes we 8pplred to partic￿ categories of income: inwie trun d￿￿"On8 LY g￿ts 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 9t￿1& i¥ nwufed at the fair valw cl the good5 Un￿5$ trM$ Is impracts.ed to measurè r8l*Ay. in whith case tho Vall￿ is derivod from the cost lo the dmor esbmalwj resale va￿. Chx*tsl 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 o￿traCt$ l(x supF4y ol servi￿$ is r￿OgniSed 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 p8rtic*rf¥ 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$is as a liaL¥lty is incLfftd. Expendilwe inchjdes any VAT whith be fully r8covwed. ￿dIS das&f*d uTrler f*ath"NJ$ dlhe Jtalemort olfinancial a¢¢iNlts•• to whith il rel•t¢s: eXpe￿.1￿e on raising fwds ￿ch￿S the Costs ftmdrawng acliv6b'e$, evenl$. no ¢h¥itsble trgding actiNitie$. sole crt dO[￿led goods. expendilure cfft chantabie Inckths 41 costs by a ¢hty in L￿￿rta￿rtrj acliwies th& ftwther ils charitat48 alrns fty the bel￿fft crf Tts b6n8fiowies. w￿L¥Jing those Support costs and costs relating to the wvemance ￿ the tharity aFwlioned lo chanla)le olher expenditre i￿u(kn al exp8ndilure ihatis Mth•rr*dto ra￿Ing I￿lhO charity nor part of its eypendilure on chwitth ac*%illes. hjl CAJSts *e aYo¢*ed to expen(Jilure C*eg(W￿$ f&fleth￿ Ihe usè of tha rastyJrce. costs attributabk lo a activity ¥* allwated drecuy to acivity. Shwed costs Are aFporttnBd bgtwe*) Ihe ac11￿leS Ihoy Contrt￿le to ¢n a reosonat48. I￿11￿al￿ consistent b•slB. T•nglbl• aM•l• TangiNe a88ets 8re wiitiaty r￿￿de￿OI¢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 I￿e of thai a￿•1 as fdows.. rt and 20% str*ght I'n• Impalnn•nt of ftxed a••rf• A revivw iTrJc*ofS 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 ￿n￿1rMentS 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 *$￿"male is made ol recovert4e affl0￿1t ol the cJsh-general¥ig unit to which the asset kdongs. The c8sWeneratir4 urMI 1$ the smalest id•nttfkqbJe grc4Jp of assets that indudès the 888et and genwatej cash inlbws tl*t Iwgoly ind•wdent d Iho cash inllN5 Ir