Charity registration number.. 273978
The BMTA Trust
IA Charitable Incorporated Organisalionl
Annual Report and Financial Statements
for the Year Ended 30 June 2025

The BMTA Trust
Contents
Reference and Administrative Details
Trustees, Report
2to5
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes lo the Financial Slalements
91015

The BMTA Trust
Reference and Administrative Details
Trustees
A D H Pearson
H A Burrows
SGMCafvn
A Gallloppoinled 15th January 20251
D Garrall lappoinled 24th July 20241
K Humby (resigned 21st August 20251
S G James
DEMain
Trust Secretary
J R Dolphin
Office A(tdres8
27 Old Gloucester Street
London
WC1N 3AX
Charity Reglstratlon Number
273978
Banker8
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment Advisors
JM Finn & Co
25 Coplhall Avenue,
London
EC2R 7AH
Independent Examiners
Ward V￿lliaMS
Belgrave House
3943 Monument Hill
Weybridge
Surrèy
KT13 8RN
Page 1

The BMTA Trust
Trustees, Report (Continued)
The Trustees presènt thé annual report together with the financial statements and independent examinerfs
report of the charity for the year ended 30 June 2025.
Obj•etiv8s 8nd actIvI￿aS
Objects andaims
The principal activrfLy of the charity is that of a charitable trust Ilhe 'Trust'l which gives welfare gr8nls. The
results for the year and the financial Position at the year-end were considered satisfactory by the Trustees.
The following extract from the Con$lilution of the Trust give5 an explanation of the objects of the Trust.
he objeGts of the CIO are to provid& grants lo..
a) Persons Trsidentln the United Kingdom, Channel Islands orlsle of Man who are pwr, needy,
incapacitated, infim? orothenvise in neGessilous oircumslances and the wivss, widows,
husbands, w￿owers, parents, children or other dependents of such persons vwlh a preference
forpeTrons who 8Tr employgd orh8vé been èmployéd in thé motDrtradg ormotorindustry,.
b) Other chaiitable organis8tions loc&ledin the Uniled Kingdom, Channel Islsnds or Isle of Man
with the puwose of providing SlJPPOrt to the s8me persons as idenbfied in a) above,.
c) Training institutions or similarorganisalions located in the Unitsd Kinodom, the Channel Islands
orthe Isle of Man providing training andsupport related to the motor trade orfflotor industry to
persons who alp either employed orare seeking to be employed in Ihe motortrade or motor
industry,. and
dj Persons ￿sidentr in the United Kingdon7, Chann81 Islands orlsle ofman who arg poor, ne￿ or
otheffwise in necessilous C1￿UmStanceS that are receiving training orsupport fron7 institutions or
orgsnj88fions &I￿gI￿18 for grgnt support undér c) al)ov8.'
In 2025, the Trust'5 focus remains on this group, including provision of grants to another motor industry
charity I'Ben"
the Motor and Allied Trades Benevolent Fund) for welfare to those employed in or retired
from the aulomolive industry. The Trust has also actively dev&lop@d its direct grant giving activities to
include training grants to young people seeking to enter the automollve industry, to individuals seeking to
acquire new motor industry skills and to organisalions providing training for these skills.
The Trustees confimi th* they have refe￿d to the guidance ¢ontsine(S in the Charity Commission's general
guidance on public benefit when reviewing the Trust's aims and objectives in planning fvtuie activities and
setting the 9ranl making policy for the year.
The Trust'8 inve&lment policy aims to produce a 8u$tsin8ble income and maintain the real value of the
investments in accordance with the Trustee Investments Act 1961. Reserves are retsined lo ensure that
these objectives can be met.
There have been no matellal changes in policy since the last Trustees, Report.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charitles Act 2011
to have due regard to the public benefit guidance published by the Charity Commission for England and
Wales,
Grant maklng poll¢les
The Trus¥s Development and Grants Manager I'DGM'I reviews all applications received for the Trustees,
consideration. DecAsions on award of grants are made at periodic Trustees, meelillgs and through delegated
authority lo a Grants Sub-cornmittee comprising a minimum Df two Tru8lee8.
Applications from motor vehide apprentices who are studying at Further Education I'FE'} Colleges and
individuals seeking lo develop new skills applicable to the aulomolive industry continues lo be the main a￿a
for development by the DGM. Funding is provided lo support, Inlei alie, course ¢osls, lo(>ls. and travèl cosls
lo and from work or educational esl8bli$hments. Grants are 8180 considergd for older employees within the
Page 2

The BMTA Trust
Trustees, Report (Continued)
automotive industry seeking to develop their skills and to organi$*ion$ providing training for developing such
Following the decision of tho Trustsas in 2022123, tha basis on which il provides financial support for welfare
to individuals connected lo the aulomolive industry was changed. Approachès for welfare cases received
by the Trust are now referred lo Ben and the Trust has continued its relationship by co-funding for Ben for
these and other welfare cases received directly by Ben At each Council meèting. the Trustees deteTmine a
fixed amount of grant to be provided lo Ben and receive a report from Ben as to how théy have applied this
nding to welfare cases that they have re¢eived, reviewed and approved.
Achievements and performance
During the year, the DGM has conlinued to contact staff al FE c￿legeS, motor Irainlng ¢enlres and motor
industry a$so¢ialions to assist in helping identify individuals who need financial help.
Work has continued on the Tmsl's marketing and comrnunications strategy to attract interest, particularty
from the younger generation. A r@d8sign of the Trust's website and grant application prixess was launched
during the year and is yièlding rÈsults in terms of grant applications. Vvhilst the Trust websitè ¢onlinues lo
be accessed by individuals requiring help, thè Trustees recognise that social media is the main
ommunicalion channel for young people. The Tnjst's social media presence therefore continues to be an
a￿8 of review and development.
A total of 27 direct motor industry completed applications were considered by the Trustees orwhi(*) 2012023-
24.. 81 were approved and 1 welfare application was referred ID Ben,
The total grant sUPPOrt provided was £77,198 12023-24.. £63,286>. The total number of grants made to
beneficiaries linduding beneficiaries receiving co-funding through the TNst's relationship with Ben and other
harilable organisations lo whom grants were madel was 96 (2023-24.. 951. This total w88 split between=
Grarrts lo Ben forcTrfvnding ofwelfare cases.. 7612023-24.. 851 tolalling £45,00012023-24.. £45,000)
of which £45,166.70 was allocated by Ben, in¢lvdlng an amount unallocated from previous years
12023-24.. £44,542) representing an average of £594 per case 12023-24.. £524 per case). In
addition. the Trust provided the followng grants to Ben in 2024-25..
£10,00012023-24". £10,000) lo the Ben Christmas Family Project.
£3,00012023-24'. £nill to the Ben Summer Family Projert.
Grants for direct apprenlieeltr8ining Telaled cases.. 18 12023-24.. 71 totalling £16,351 12023-24..
£5.4861 representing an average of £908 per case12023-24.' £783 per casel,.
Grants to training organisations.. 2 1202>24.. 01 tot3lling £2,847 {2023-24'. £nill representing an
average of £1,42312023-24. £nill," and
Grants for direct welfare cases.. Nil 12023-24.. 31 totalling £nil 12023-24.. £2,800) representing an
average of £nil per ¢ase12023-24'. £933 per casel.
The split of application paid between those for welfare applicants and those from direct rnotor industy
apprentic¢ and organisalton applican15 wa5 58.5141,5 /.12023.24.' 81119%).
Golng con¢$rn
The ffinawal stslements have been prepared on a 90ing wncern basi8.
The Trustees assess whether the use of going Concern is appropriate i.e. whether there is any material
uncertainty related to events or conditions that may cast sigllificant doubt on the ability of th@ charty to
continue as a going concern. The Trustees make this assessment in reswcl of a period of one year from the
dale of approval ol the financial slatemenls.
The nel asset position of the Trust is £6,464,451, the majority of which ￿lateS lo inveslmenls, with cash
reserves held being £258,301. On this basis the Trustees Consider rt appropriate lo prepare the financial
statements on a going eonc6rn basis.
Page 3

The BNTfA Trust
Trustees, Report (Continued)
Structure> governance and managoment
Nature ofgoveming do¢ument
The Trust is converted from a limited company to a charitable incorpor81ed organisalion {"CIOI with effect
from 27, March 2024 and is governed by its constitution. In accordance with the operation of the law, the
3ssÈts and liabilities of the company We￿ autom*i¢ally vestèd in the CIO at the datè of conversion. The
financial data for the year to 30, June 2024 presented in these financial statement and the Trustees, report
for tha period prior to thè datè of convarsii)n rèlatèd to th& company.
The Trust is registered as a tharity with the Charity Commission.
Recruitmentandappointment of Trustees
Vvhen a vacancy arises for a Trustee. any existing Trustees may suggest suitable new candidates lo fill the
vacancy and 8 decision on the appoinlmenll81 is mad& by a majority vote of these existing Trustees.
Organisatsonal struclu
The organisalion of the Trust is as follows..
There wer& eight Trustees serving during the financial year to 30° June 2025.
A minimum Of three Twslees ¢onslltules the Investment Sub-committee, which makes decislons based on
the recommendations of the Trusvs Investment Advisors. The Investment Sub-committee ￿pOrts to the fvll
Council al meetings.
A minimum of any kn Tnjslees con3ts"tu1#5 the Grants Sub-committee. which has delegated authorty lo
make decisions on grant awards up to a maximum of £1,000 per individual award based on the
r8comm6ndations of thè DGM. Th& Grants Sub-committeè tyports to the full CoLJneAI at meetings.
The Trust has a Tnist Secretary lo deal ￿rith the financial and adminislralive affairs of the charity and a DGM
to deal with applications. submit them to the Trustees and implement the Trustees. decisions relating to the
award of grarrts.
Financia5 instruments
Objectives andpolicles
The charity's activities expose it to financial risks. inGluding credit risk. The investrent managers of the
investment portfolio ensure that there are sufficient levels of diversification within the portfolio lo fflan￿e
these risks and clear instructions have been given by the Trustees detailing the acceptable levels of risk they
are willing to a¢¢epl when investing funds.
Credtt rlsk
The Trust's principal financAal assets are bank balances and cash and investments.
Thè Trusvs credit risk is primarily attributable to its investments. The investment manag¢rs who manage the
investment portr(>lio are 8dvisÈd by the Tm8tÈes of the level ol risk that 18 8¢¢eptsble lo the Trust. This
investment policy is dearly documented. The investment managers ensure that a diversified portfolio is held.
reducing exposure to significant levels of credit risk.
ststtrment of Responsibiliti93
The Trustees are responsible for preparing the Trustees, report and the financial stslements in 8ccordance
¥Mth the Charities Act 2011, the Charities IAc¢ounts and Reportsl Regulations 2008 8nd observing Ihs
methods and principles in the Charities Statement of Recommended Practice I'SORP ),'
Under the Charities Act 2011 the Trustees are responsible for keeping adequate accounting records that are
suffscient to show and explain the charity's transactions and disclose with reasonable accuracy at any time
thè fin8n¢1al pc)srtion of the charity. enabling them lo prepare the fin8ncial slalemenls. They are also
responsible for saleguarding the assets of the charity and hence for taking reasonable steps for the
Page 4

The B￿rA Trust
Trustees, Report (Continued)
preventlon and dete¢tlon of fraud and other irregularttie8.
DI￿10¥Ure of information to the independent examiner
The Trustees have decided to retain the Trust's previous auditors, Ward Williams, Chartered Accountants as
independent examiners.
Ead) Trustée has takèn step$ that they ought to have taken as a trustee in order lo make themselves aware
of any relevant in*ormalion and lo establish that the Charity's independent examiner is aware of that
information. The Trustees confimi that there is no rèlevant information that they know tsf and of which they
know the Independent examiner is unawaff.
15th January 2026
The annual report was approved by the Trustees on ...........................
Signed on behalf of the Trustees by..
J&r&ry
J.R. Dolphin
Trust Secretary
Page 5

The B￿rA Trust
Independent Examiner's Report
To the Members of the BMTA Trust
I report to the trustees on my examination of the financial statements of The BMTA Trust (the charity)
for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance wrth the
requirernenls of the Charities Act 2011 1'Yhe ACVI.
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my exarmination, I have followed all the applicable Directions gnien by the Charity
Commission under section 1451Sllbl of the Act.
Independent examiner's statement
I have completed my examination. I confim) thèl no material matters have come to my attention in
connection with the examination which give5 me cause lo believe that in, any material respect-.
the accounting records were not kept in accordance with sects'on 130 of the Charities Act., or
the accounts did not accord with the accounting records., or
the aGcounls did not comply with the applicable requirements concerning the fomi and content
of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part
of an iRdependenl ex8mlngtion.
I have no concerns and have come acTOSS no othèr matters in eonnection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Coll
Hamllton
CCA
Ward Wfilliams
Bay Lodge
36 Harefield Road
Uxbridge
Middlesex
UB8 1PH
Dated..
/iliL.
Pagè 6

The BMTA Trust
Statement of Financial Activities for the Year Ended 30 June 2025
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Total
2025
Totsl
2024
Note
Income and Endowments from:
Investment income
226,386
228.386
199,533
Totsl Income
226,386
226.386
199,533
Expendlture on..
Raising funds
Charitable activities
Othef expenditure
Total expenditure
Gainsllosses on investment assets
138,2991
1131,3111
18,656
(188,2661
67,037
138,2991
1131,3111
18,856
1188,2661
67.037
136,2731
1106,6801
21,603
1164,5561
382 867
14
Nel incomeldoficil
105,157
105,157
417,844
Nel movement in funds
105,157
105,157
417,844
Reconciliation of funds
Total funds brought forward
6.359,294
6,359,294
5 941,450
Total funds carried forward
14
6,464,451
6,464,451
6,359,294
All of the charitable incorporated organisation's activities derDie from continuing operations during the
above two periods.
I funds for the year ended 3D June 2024 were also unrestricted.
Page 7

The BMTA Trust
Balanco Sheet as at 30 June 2025
2026
2024
Note
Fixed assets
Inv#slmenls
10
6,203,656
6,123,076
Current assets
Debtors & Prepayments
Cgsh ?1 bank and In hand
11
12
9,347
258 301
267,648
9,163
242,271
Credltors: Amounts falllng due wlthln one year
13
Net current asset8
236.218
Net assets
6 464 451
6,359294
Funds of the charity:
Unrèstrictgd income funds
Unrestrlcted funds
6,464 451
6,359 294
Total funds
14
6 464 451
6 359 294
The financial statements on pages 2 10 15 were approved by the tN$te@s and authorisod for issu8 on
15th Janua.ry. 2026. and signad on their beha￿ by:
A.D.H. Poarson
Trustee
Page 8

The BMTA Trust
Notes to the Financlal Statements for the Year Ended 30 June 2025
1 Charty status
With effect from 27th March 2024, the BMTA Trust successfully converted from a charitable company
incorporated in England and limited by guarantee to a charitable incorporated or9ani8alion. The
rinancial data presented in these financial statements and the Trustees, report for the period prior lo the
dale of conversion related lo the company.
2 Accounting policies
Summary of Significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial stslemenls are set out
below. These policies have been consistently applied lo all the years presented, unless otherwise
slated.
statemgnt of compliancg
The finsncial statements have been prepared in 8ccordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo Charities preparing their accounts in
accordance with the Financial Reporting Standard applic8ble in the UK and Repub5ic of Ireland IFRS
1021 (effective 1 January 20191- (Charities SORP IFRS 1021), the Finaneial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021- They also comply with the Companies Act 2D06
and Charities Act 2011.
Ba818 of praparation
The BMTA Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised al historical cost or transaction value unless otherwise stated in the relevant
aceounting policy notes.
The fin8ncial ststements have been prepare(l in £'s, which is also the functional currency of the BMTA
Trust. The values disclosed within the financial statements are not subject lo rouncling.
Going concern
The financial statements have been prepared on a going concern basis.
The Trustees assess whether the use ofgoing con￿rn is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the BMTA
Tmsl to continue as a going concern. The trustees make this assessment in respèct of a period of one
year from the dale of approval of the financial slalemenls.
In¢omo and endovmients
Al income is recognised once the BMTA Trust has entit￿ment to the income, it is probable that the
income will be re￿ived, and the amount of the income re￿Iva￿le can be measured reliably.
Investment income
Investment income is recognisfjd on a receivable basis.
Expenditure
All expenditure is recognised once there is a legal or conslruclive obligation to that expenditu￿, il is
probable settlement is required and the amount can be measured reliably. All costs are allocated ID the
applicable expenditure heading that report the aggregate of similar costs lo that category. Vvhere costs
cannot be direotty allributed lo a particular heading, they have been allocated on a basis consistent with
the use of resources.
Ralslng funds
These are costs incurred in the management of investments.
Page 9

The BMTA Trust
Notes to the Financial Statements for the Year Ended 30 June 2025
Charitable activities
Charitable expenditure comprises those costs incurred by the BMTA Trust in the delivery of ils sclivities
and services for its beneficiaries. 11 includes both costs that can be allocated directly to such activities
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.
Where the BMTA Trust gives a grant with condibons for ils payment being a specific level of service or
output to be provided, such grants are only recognised in the statement of financial activities once the
recipient of the grant has provided the specific service or output.
Grants payable without perfomiance conditions are only recognised in the accounts when a
commitment has been made and there are no conditions lo be mel relating lo the grant which remairtr
in the control of ¢harity.
Support costs
Support costs include central functions and have been allocated to activity CO8t categories on a basis
consislenl with the use of resoLJrces.
Governance costs
These include the costs attributable lo the BMTA Trust's cornpliance with constitutional and ststutory
reqU1￿Ments, including independent examination, strategic managefnent and Trustee's meetings and
reimbursed expenses.
Taxation
The BMTA Trust is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore il rneels the definition of a charitable enlily for UK Corporation tax purposes.
Accordingly, the BMTA Trust is potentially exempl from taxation in respect of income or capital gains
re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied
exclusively to charitable purposes.
Flxed asset Investments
Fixed asset inveslrnents, other than programme related investments, are included al market value at
the balance sheet date. Realised gains and losses on investments are calculaled as the difference
between sales proceeds and their market value al the start of the year, or their subsequent cost, ancl
are charged or credited to the Statement of Financial Activities in the period of disposal.
Un￿alised gains and losses represent the movement in market values during Ihe year and are credited
or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and ¢a$h gquivalonts
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible lo a known amount of cash and are subject to an insignilicanl
risk of change in value.
Fund structure
Unrestricted income funds are general funds thal are available for use al thè Trustees. discretion in
fvrtheran￿ of the objectives of the BMTA Trust.
Financial instruments
The BMTA Trust only has financial assets and financial liabilities ol a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement value.
Page 10

The BMTA Trust
Notes to the Financial Statements forthe Year Ended 30 June 2025
3 Investrnent income
Unrestricted
funds
Total
2025
Total
2024
General
Interest
Other income from fixed asset investments
10,605
215,781
226,386
10,605
215,781
226.386
7,139
192,394
199,533
4 Expenditure on raising funds
Unrestrlct¢d
funds
Total
2025
Totsl
2024
Gen9ral
Other investment management costs..
Adminislralion of the investments
38,299
38,299
38,299
38,299
36,273
36,273
5 Expenditure on charitable activities
Unrestrictsd
funds
Note
Total
2025
Total
2024
General
Grants expended
Development & Grant Manager
Rebranding and Website Reclesign
77,198
48,913
5.200
131311
77,198
48,913
63,286
40,397
2,997
1 CE,680
131311
6 Other expenditure
Unrestricted
funds
Total
2025
Total
2024
General
Note
Independent examination of the financial
ststements
Trustees, expenses
Other resources expended
2,820
399
15.437
18,656
2,820
399
15,437
18,656
2,714
17.944
21,603
7 Grantwmaking
Analysls of grants
Grants to individuals
2025
2024
Analysis
Grants expended
77.198
63,286
18 grants were paid lo or on behalf of individuals12024'. 10) snd grants lolalling £60,847 were paid lo
3 organisations12024.' £55,ODO lo 1 organisalionl. All grants expended were eitherfor individual welfare
or apprenticellraining support purposes.
Page 11

The BMTA Trust
Notes to the Financlal Statements forthe Year Ended 30 June 2025
8 Net incomingloutgoing resources
Nel outgoing resources for the year include..
2025
2024
Fee for ind@P8ndonl examination of the financial statemenls
2.820
2,820
2,714
2,714
Tru8te•s' remuneration and expen8e8
The expenses paid lo the Trustees consisted of reimbursement for Iravelling costs for Trustees,
meetings.
No Trustees, nor any persons connected with them, have received any remuneration from the charity
during the year.
10
Fixgd assot invgstm•nts
2025
2024
Other investments
6,203,856
6.123,076
Other Investments
Llsted
investments
Cost or Valuation
Al 1 July 2024
Revaluation
Additions
Disp0581s
AI 30 June 2025
6,123,076
{137,1521
1,802,812
1,585,080
6 203 656
Net book value
At 30 June 2025
AI 30 June 2024
6,203,656
6.123.076
The market value of the listed investments as al 30 June 2025 was £6,2D3,65612024 - £6,123,076).
At the year-end 60.3Vh12024'. 51.9QAI of the charity's portfolio was held in overseas investrments.
11
Dèbtors
2025
2024
Accrued Interest Receivabl$
9,347
9,347
9.163
9,163
Page 12

The BP¥TfA Trust
Notes to the Financial Statements for the Year Ended 30 June 2025
12
Cash and cash equlvalents
2025
2024
Cash at bank
Short-lerm dèposits
27,674
230.627
258,301
19,863
213,245
233,108
13 Creditors.. amounts falling due wlthln one year
2025
2024
Accruals
6,853
6,853
6,053
6,053
Page 13

knl

The BMTA Trust
Notes to the Financial Statements forlhe Year Ended 30 June 2025
15
Rglated party trans8ction8
There were no related party transactions in the year.
Page 15