Charity registration number.. 273978
The BMTA Trust
{A Charitable Incorporated Organisationl
Annual Report and Finanaal Statements
for the Year Ended 30 June 2024

The BMTA Trust
Contents
Reference and Administrative Dgtails
Trustees, Report
2105
Independent Examinerfs Report
Statement of Financial Actml￿$
Balance Sheet
Notes to the Financial Ststemenls
91015

The BMTA Trust
Reference and AdmInIstra￿ve Detalls
Trust88S
A D H Pearson
H A Burrows
SGMCaffyn
D J Evans Irelired 91h November 20241
D K Garratt {appointed 24th July 20241
K Humby
S G James
DEMain
Trust Secretary
J R Dolphin
Offlcg Addrgss
27 Old Gloucester Street
London
WC1 N 3AX
Charity Regiytratlon Number
273978
Bankers
CAF Bank Limitsd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment Advlsorn
JM Finn & Co
25 Copthall Avenue,
London
EC2R 7AH
Indgpendent Examlners
Ward Williarns
B8lgrave House
3943 Monument Hill
Weybridge
Surrey
Iff13 8RN
Page 1

The BMTA Trust
Trustees, Report (Contlnuad)
The Trustees present the annual repi)rt togèthèr wth th8 financial statements and Indepgnd¢nt examinerfs
report of the charfty for the year ended 30 June 2024.
Obl¢ctlves and actlvStleg
ObJe¢ts andalms
Thè principal ath'vily of the charity is that of a charitable trust Ithe"Trusl") which gives wèlfare grants. The
re8u118 for the yè8r and Ihe financial posillon at the year-end wore considered satisfactory by the Twslees.
The following extract from the Memorandum of Associatk)n glves an explanation of the objects ol the Trust.
°Thè obj6cts for which Ihe AssoGiatlon 1$ Bstablished are to r8lieve pgrson$ who poor. neody.
inc8pacilalgd, inffm7 orolhoThvisg in nec888itous Gi￿￿m818ne￿S and the voivgs, widows, husbands, Widow8￿,
pa￿￿ts, Ghildrgn or t)thord8pendents of such Pe￿On8 woth prnfe￿nce lorpersons who ar6 &mployed An th8
Motor Trade orMolorlndu8try.'
In 2024, the Trust'5 focu8 remains on this group and has Invo￿e￿ grant givlng forwelfare to those employed
In or retired from the aulornolive indEJslry. In addition, the Trust is actively seeking to dèvelop ts gTant giwng
8Ctiwties lo indude training grants lo young people seeking to enter the athomollve Industy and those
seeklng lo acquire new skills.
Thè Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidaneè on public benefit when ￿vie￿n9 th8 Trust's aims and objectSves in planning future activities and
setting the grant making policy for the year.
The Trust's investment policy aims lo produee 8 sustainable Income and maintain the real valye of the
investments in accordancè with the Trustee Investments Act 1961. Reserves are retained lo erisura that
these ob5ective3 ¢8n bè met.
There have been no m*eri81 changes in policy Since the la81 Twslees, Report.
Public benellt
Th8 Trustees confirm Ihal they havè complied with the reqU1￿m￿ntS of section 17 of the Charities Act 2011
lo have due regard lo the public benefrt guidance published by the Charity Commis￿on for England and
Wales.
Grant making pollcl•s
The Trust's Development and Grants Manager I'DGMI reviews all applleations r8caived for the Trustees,
considerallon and decisions made at Council meellngs.
Applications from mtslor vehicle apprentices who are studying al Further Education fFE'I Colleges and
indivlduals seeking to develop new skills applicable lo the automotive induslry continues lo be the main afea
for development. Funding 18 provided lo support, inter alia. course costs, tools. and travel costs to and from
work or educational esta￿lsh￿ents. Grants are also considered for older employees within the automoliva
industry seeking to change career or develop their skills.
Followng tha decision of the Trustees in 2022123 to revise the basis ¢n which it pn)vides financial support
for welfare lo individuals connected to the aulomolive industry, The Trust has conllnued ils relationship for
C￿￿ndIng these cases through Ben (another charity dedicated lo supportlng people in the automotlve
industry). At each Coundl meeting. thè Trustees deternine a flxed amount of grant to be provided to Ben
and receive a rèport from Ben as to they have applied this fundlng lo weffare cases that have
recei￿d, reviewed and approved.
Achievements and p8rfomiance
Ouring the year, the DGM has continued lo conl8¢t staff at FE Colleges. motor training ¢enlres and motor
industy associallons to assist in helping rdentify individuals who need financial help.
Page 2

The BMTA Trust
Trustees, Report (Continued)
Work commenced on devdoping the Tru8t'5 rnarketing and communications strategy lo attract interest,
particulaily from the youngèr gèneration. A redesign of the Tnjsl's website has been commissioned and is
èxpected to be Saunehed by the end of the third quartei of 2024. Whilst the Trust website ¢onJnu6s to ba
accessed by individuals requiring help land contains contact and grant applicallon detailsl, Th8 Trustees
recognise that social medla is the main communica￿.On channel for young peopl8. This area will therefore
conllnue lo be a subject of review and development durfng the ¢oming year.
In 2023-24 the lotal number of enquiries received increased lo 20512022-23.. 143). The split of applications
behveen those for welfare applicants and those from direct motor industry & appréntice applicants was
81119% 12022-23.. 71r29°Al. A total of 17 direct motor Industry welfare and apprentice enqulrfes did not
progres5 due to requ8Sted documentation not being supplled Of no ft&rlhar contact from the applicant. A total
of 117 direct applican15 for welfare support were referred to Ben.
In respo¢t of 23 completed applications consldered by the Trustees, 312022-23.. 801 welfare awaids and 8
(2022-23.. 8> appr6ntiC6 awards were agreed.
The lolal grant support provided, aftèrtsking into account refunds of grants 8nd one grant that was approved
but not paid due lo the c(Jndilions of Ihe award not being satisfied. was £63,28612Q22-23'. £97,517). The
total number of grants made to Indfvidual benefiaaries (including beneficiaries receiving ¢o-funding through
the Trust's relationship with Ben) was 9512022-23.. 55>- This total was split be￿veen..
Grants to Ben for co-fundlng of 8512022-23-. 78) welfare cases lotalllng £45,WO of which £44.542
Was allocated by Ben12022-23.' £65,572) representing an average of£524 per case (2022-23.. £910
per cas&l',
7 apprenticertrainlng (2022-23.. 61 cases lotalling £5,486 12022-23- £10,205) representing an
average of £783 per case12022-23'. £1,701 per casel.. and
3 welfare12022-23'. 11 cases tolalling £2,80012022-23'. £1,SOO) represanling an average of £933
per case12022-23.' £1,500 per case}.
In aildlb'on. the Trust provided the following grants in 2023-24..
£10,(N)012022-23: £10.000) to the Ben Ch￿StmaS Familles Project
Going concern
The financial slalements ha￿ been prepared on a going con¢%m basis.
The Trustees assess whether the use of going concem Is appropriate l.e. whether there Is any material
uncertainty related lo events or condilions that may cast significant doubt on the ability of Ihe charity tr)
continue as a going c4)ncem. The Trustees make this assessment in respect of a period of one year from the
dale of approval oflhe flnanLial statements.
The net asset position of the Tru8t18 £6.359,294, the majority of which relates lo Investments. with cash
resernes held being £233.108. On this bASiS th8 Trustees consider f( appropriate lo prepare the financial
statements on a going concem basis.
struc￿￿1 governance and managemont
Nafvr• of governing document
Tha Tfust was su¢¢esslulty converted from a charllable company Ilmited by guarantee lo a charitable
incorporated organisalion I'CIO,) with èffect from 27" March 2024 and is gov8m8d by its conslilulion. In
a￿OrdanCe Wlth the operation of the law, thè assets and liabilities of the company automatically vested
in the CIO al the date of conversion. The financial data presented in these financi81 slalomanl and the
Trustees. report for lh8 period prior to the dale of conversion related to the cornpany.
The Trust IS fégisler8d as a charity with the Charity Commission.
Page 3

The BMTA Trust
Trustees, Report (Continued)
R8erullmenÉ andappolntment of Trustees
Wh8n a vacancy afises on tho Council of Management {IhÉ 'Council'l. any existing Trustees may suggest
suitable n8w candidates lo fill th8 vacancy and a decision on the appointmenlls) is made by 8 majority vote
of these ¢xisting Trustees.
Oryanl84tlonal structure
The organisation of the Trust is as follows..
There were seven Ttuslees sotvlng during the finand81 ya8r to 30" June 2024. Tho Trusts&s comprise the
Council for the Trust. All Truste8s are inVo￿ed in the decisions conceming cases for as8islan¢e.
A minimum ol Ihrae Trustees conslilules the Investment Sub-committee, which makes decisions based on
the recomrnendations of the Tru8t'8 Inveslm8nt Advisors. The Sub-C¢Jnmlllee reports to the full Council *
meellngs.
The TN8t has a Trusl Secretary lo deal with tha financAal and admini81Tallv8 affairs of the charity and a DGM
lo deal with applications, submit thern lo the Trustees and implement the Trusle8s' deasions relating lo the
award of grants.
Flnanelal Instruments
Obiectfves amlpolklo$
The charfly's activities expose il lo flnanaal risks, including ¢redil risk. The investment managérs of the
investment portfolio ￿SUre that there are sufficient levels of diverslfi¢ation wrthin the portfolio to rnanage
these risks and clear instructions have been glven by the Trustees detailing the ac¢gptsble levels of risk they
arg willlng to accept when invèsting funds.
Crndll rfsk
The Trusls principal flnancial assets are bank balancès and cash and investments.
The Trusfs credit risk is primarily attributable to its investments. The Investment managers who manage Ihe
investment portfollo are advised by tre Trustees of the level of ri8k that Is a¢c8ptable to the Trust. This
investment policy is clearly documented. The inveslmenl managers enstjre that a dSvèrsified portfolio is held.
reducing 8xposure lo significant laveLs of credit risk.
ststèm8nt of Respon$ibllltlo8
The Trustees arg ￿spOnSible for preparlng th8 Trustees. report and thè financial statements in accordance
wblh the Charili8s Act 2011, the Charities (Accounts and Reports) Regulations 2008.and observing the
methods and principles in the Charities Slalemenl of Racommended Practice fSORP)-.
Under the charit￿ A¢1 2011 the Trustees are responsible for keeping adequatè aecounting records that ale
sufficient lo show and explain the charitys transactlOll8 and discbse with reasonable 8¢curacy 81 any time
the financial position of the charfly. enabling them to prepare Ihg financial slalernents. They arè also
responsible for safvguarding the assets of the charity and hence lor tth'ng reasonable steps for the
Pr￿v￿110n and delectbon of fraud and other irregularflles.
DlsclosuTe of infomiafjon to the independont oxamlnef
The Trustees have decKJed to retsln the Trust's pfev¢ous audil¢xs, Ward Williams. Chartered Accountants as
Independent examiners.
Each Truste8 has taken steps that they ought lo have taken as a trustee in order lo make Ihemselves aware
of any relevant infomiation and to establish that the Charity's independent exarniner is aware of that
nformation. The Trustees confirm that Iherg is no relevant information that they know of and of whith they
know the independent ex8min8r is unaware.
The annual report was approved by the Trustees on 15 January 2025.
Page 4

Tho BMTA Trust
Trusteos, Report (Contlnuod}
Slwd on b•hAlfdts TnJ8taes by".
Pag• S

The BMTA Trust
Independent Examlnerfs Report
To the Members of the BMTA Trust
I report to the Iruslees on my examination of the financ￿1 stslemenls of The BMTA Trust Ilhe charty)
lor the year ended 30 June 2024.
Responslbllltles and basis of r•port
A8 the charity's trustees. you are responsible for the preparation of the accounts in accordan￿ wtth the
requirements of the Charities Act 2011 ('Ihe Act.).
I report in respect of my examinallon of the Trust's accounts carried out under sedion 145 of the 2011
Act and in carying out my examination, I have followed all the applicable Directions given by the Charty
Commission under 8ecti¢)n 14515){bl of tho Act.
Independent examsne￿s statement
I have comploled my examination. I confirni that no material matters have come to my attent￿n in
connection with the examination which gives me cause lo believe that in. any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act.. or
the accounts did not accord wtth the accounting records., or
the accounts did not comply with the appllcable requirements conceming the form and conlenl
of accounts sel out in the Charities (Accounts and Reports) Regu181ions 2008 other than any
requirement that the accounts give a 'lrue and faif viewWh￿h is not a maller considered as part
of an independent examination.
I have no concems and h8ve come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a Pfoper understanding of the accounts to be
reached.
Colln Hamllton ACCA
Waré Williams
Bay Lodge
36 Harefield Road
Uxbridge
Mlddlesex
UB81PH
Dated". 201111
Page 6

The BMTA Trust
ststement of Financlal Activities for the Year Ended 30 June 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestrictsd
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Investment income
199,S33
199533
196,780
Total Income
199,533
199,533
196,780
Expenditure on:
Raising funds
Charitable actiwtles
Other expenditure
Total expenditure
G8in8llosses on investment assets
136,2731
1103,6831
136.2731
1103,6831
24,600
1164,556)
136,9341
1141,3341
1164,5561
1195,8611
256,476
14
Net incomeldefkil
417,844
417,844
{255,5571
Nel movement in ftjnds
417,844
417,844
1255,557)
Raconciliation of funds
Total funds brought fotward
5 941450
5 941,450
6,197,007
Total funds carried forward
14
6 3S9 294
6 359,294
5 941450
All of the charitable incorporated organisalion's activities derlve from continuing operations during the
atrM)ve two periods.
All funds fof the year ended 30 June 2023 were also unfestricted.
Page 7

Th• BMTA Trust
Balanco Sheet a8 at 30 June 2024
2024
2023
Flx•d ao•¢ts
Investments
10
6,123,076
5,818.982
Curront a••ots
Debtors & Preyyments
cash.at bank and in hand
11
12
9,163
233 108
242,271
6,722
124 817
131,539
¢T•dltorn: Amounts falllng du• wlthln ontyy••r
6,053
Nat eurrnnt 488gt*
122,488
Funds of th• Charlty:
Unr•strlcted Incom• lundb
Unrestrictsd fvnd8
6 359 294
5 941450
Total funth
14
6 359.294
The Inandal statomonts on pages 2 to 15 were approved by the iruats88 and authorised for issue on
15th January 2025 and $igned on their beh8tf by..
Tru3tee
P4y8

The BMTA Trust
Notes to the Financlal Statements for the Year Ended 30 June 2024
1 Charlty stsths
With effect from 27th March 2024, the BMTA Trust successfully converted from a charbtable company
incorporated in England and limited by guarantee lo a charitable incorporated organis8lion. The
finanaal data p￿Sent8d in these financial 51alament and the Trustees, r&port for the period prior to the dale
of conversion related lo the Company.
2 Accountlng pollcles
Summary of slgnificant accountlng pollcles and kay accountlng estimates
The principal accounting policies applied in the preparation of these financial statements are sel oyl
below. These policies have been consistently applied to all the ye818 presented, unless otherwise
staled.
Statsment of compliance
The financial statements have been prepar8d in accordance with Accounting and Reporting by
Charities.. Slal8ment of Recommended Practice applicable lo charbties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffective 1 January 20191- (Charities SORP IFRS 102}I, the Financi81 Reporting Standard
applicable in the UK 8nd Republlc of Ireland IFRS 1021. They also comply with the Companies Act 2006
and Charities Act 2011.
Ba$ls of preparatlon
The 8MTA Trust meets the definition of a public benefit ontty under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction valug unless ¢lhernise staled in the relev8nl
accounting policy note$.
The financial statements have been preparetl in £'s. whieh is also the functional currency of the BMTA
Trust. The values disclosed within the financial statements are not subj8cl lo rounéing.
Going concarn
The financial slat8ments have been prepared on 8 going concern basi8.
The Trustees a$8es8 whetherlhe use of going concem is appropriate i.e. whetherthere are any material
uncertainties Telaled lo events or condillons Ihat may cast signrficanl doubl on the ability of the BMTA
Trust lo continue as a going concern. The Iruslees make this assessment in respect of a peric￿ of one
year from tho date of approval of the financial statements.
Income and endowments
All income IE recognised once the BMTA Trust ha8 entitlement lo the income, f( is probable that the
income will be received, and the amount of the income receivable can be measured reliably.
Investmentincome
Investment income is recognised on a receivable basis.
Expenditure
All expenditure is recognised oncè there is a legal or constructNo obligalton to that eX￿ndItUTe, (( is
probable settlement is required and the amount can be measured reliab￿. All costs are allocated lo the
applicable expenditure heading that report the aggregate of similar costs lo that category. Vwhere costs
cannot be directty attributed lo a particular heading, they have been allocated on a basis consistsnl with
the use of resources.
Page 9

The BMTA Trust
Notes to the Financial Slataments for the Year Ended 30 June 2024
Raising funds
The88 are costs incurred in the management of investments.
Charitable activltles
Charitable expenditure comprise8 those costs incurred by the BMTA Trust in the delivery of ils activities
and services for its benef￿lanes. It includes both costs that can be allocated directly lo such actNiltes
and those costs of an indirect nature necessary lo support them.
Grants payable
Grants payable are payments made lo third parties in the furtherance of the charitable objectives.
here the 8MTA Trust gives a grant wth conditions for its payment being a specrfic kevel of service or
output to be provided, Such grants are only recognised in the stslement of financial activities once the
recipient of the grant h88 provided the specific service or output.
Grants payable without perfomianc8 conditions are only recognised in the accounts when a
commitment has been made and there are no condllions lo be mel Te181ing lo the grant which remain
in the control of charity.
Support costs
Support costs include central functions and have been allocated to activity Cost categories on a ba8lS
consistent with the use of resources.
Governan¢o costs
These include the costs attTibulable to the BWA Trusvs compliance with con81itulional and statutory
requirements, including independent examination, strategic management and Trustee's meetings and
reimbursed expense8.
Taxatlon
The BMTA Trust is considered to Pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore r( meets the definition of a charitable entity foi UK corporation lax purposes.
Accordingly, the BMTA Trust is potentially exempl from laxalion in respect of in¢om8 or capital gains
received within categories covgred by Ch8pl8r 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Charge8ble Gains Act 1992, to the extent that such income or gains are applied
gxcIusNely lo charitable purposes.
Flxed asset investments
Frxed 8ssel inve8tmenls, other than programmg related investments, ale included al market value at
the balance sheet dale. Realised gains and losses on investments are calculated as the differenca
betsveen sales proceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credited to the Statement of Flnancial Activities In the Per￿ad of disposal.
Unrealised gain8 and losses rapresent the movement in mark81 values during the year and a￿ credited
or charged to the Statement of Financkgl Activities based on the market value at the year end.
Cash and Cash &qulvalents
ash and cash equivalents comprise cash on hand 8nd call deposits, and other short-tem highly liquid
investments th81 are readi￿ convertible to a known amount of cash and ar¢ subject lo an insignificant
risk of change in value.
Fund structure
Unreslri¢ted income fvnds are general fvnds that gre available for use at the Trustees, discretion in
furtherance of the objectives of the BMTA Trust.
Page 10

The Bf44TA Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
Flnanclal Instruments
The BMTA Trust only has financial asse15 and financial liabilities of a kind that qualify 88 basic financlal
instrurnents. Basic financial instruments are initially recognised al transaction value and subsequently
measijred at their settlement value.
3 Investment Income
Unrestrlcted
funds
Total
2024
Total
2023
General
Inlgrest
Other income from fixed asset investments
7,139
7,139
192,394
199,533
7,495
189285
196,780
199 533
4 Expendlturo on r41slng funds
Unrestrlctei1
funds
Total
2024
Total
2023
General
Other investment management C0818.'
Adminislratbn of the investments
36,273
36,934
5 Expendlture on charltablg aGtlvltlos
Unrestrict8d
funds
Total
2024
Total
2023
General
Gran15 expended
Development & Grant Manager
63,286
63,286
97,517
43,817
141334
103 683
103683
6 Other expendlturg
Uniostrlcted
funds
Total
2024
Total
2023
General
Note
Independent examination of the flnancial
statements
Audit of the financi818talemenls
Trustees. expenses
Other resources expended
2,714
2,714
5,700
715
11,178
945
20,941
24,eOO
P898 11

The BMTA Trust
Notes to the Flnancial Statements for the Year Ended 30 June 2024
7 Grant4naklng
Analysts of grants
Grants to Indlvlduals
2024
2023
Analysls
Giants expended
95 grant5 were paid lo individuals12023.. 851 and one grant of £10.00012023.' 1 grant of £10,000) was
paid lo an organisation. All grants expended were ef(her for indniidu81 welfare or apprenlicenraining
support purposes.
Not Incomlngloutgolng resources
Net outgoing resources for the year include..
2024
2023
Fee for independent examination of the financial stslements
Audit fees
2,714
Trustees, remunoratlon and expen8e8
The expenses patd to the Trustees con818led of reimbursement for Iravelling costs for Trustees.
meeting5.
No Trustees, nor any persons connected wlh them, have received any remuneration from the charity
during the yoar.
Pagé 12

The BMTA Trust
Notes to the Flnanclal Statements for the Year Ended 30 June 2024
10 Flxed asset Invostments
2024
2023
other investments
6,123.07S
5,818.962
Other investments
Ll$ted
Investments
Cost or Valuatlon
At 1 July 2023
Revaluation
Additions
Disposals
At 30 June 2024
5,818,962
157,697
1,088,648
920,231
6,123.076
Net book value
At 30 June 2024
At 30 Jung 2023
8,123,076
5,818.962
The rnarkel value of the listed investments as 8130 June 2024 was £6,123,07612023 - £5,818,￿21.
At thé year4ftd 38.50h12023: 29.65Yo) of the charity's portfolio was held in overseas inveslmenls.
11
Debtors
2024
2023
Aecrued Interest Receivable
6,722
12
Cash and ¢a$h equlvalents
2024
2023
Cash at bank
Short-lefm dep081t8
19,863
213245
233,108
21,104
103.713
124 817
13 Credltors: amounts folllng due wlthln one year
2024
2023
Accruals
9,051
Pa￿ 13

Il

The BMTA Trust
Notes to tho Flnan¢Sal Statements for the Year Ended 30 June 2024
15
Related party transactlons
There wer8 no related party transactions in the year.
Page 15