REGISTERED COMPANY NUMBER: 01486986 IEnglAnd and WHles) REGISTERED CHAIUTY NUMBER: 279S79 REPORTOFTHE TRU EES AiYD NA DITED FINANCIALSTATEMENTS FOR THE YEAR ENDED31 MARCFf202 HEN INEE MTR HE ChariN House Limi*d 44 GrDnd Parad¢ Brighton East Sus5eX BN2 •AEHR70AB" 1911W2025 ¢CthIPANIES HOUSE A37 BRITISH EIY INEERI M TRUST HE CONTENTS OF THE FINAThCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2025 ge Report of the Tru5tttS Indeptndertt Examiner's Report StateffleTrt of Financial Aelivities Bal#nee Sheet 6 to 7 Nt)tes 10 tth¢ Finincial St*t¢m¢ots 8 ￿ 13 IUTI ENCINEERI M TRu%r HE REcisfE D NUMBEK. 014 REPORT OFTHE TRU TEES FOR THE YEA NDED31 MARCH 21)25 The rr￿[￿5 who are also directors of the charity for th¢ purp)s¢s of the Cornpanies A¢L 2￿6. pres¢ni their report with the fina￿141 s&iements of the ¢haJity for the y¢ar ended 31 Mar¢h 2025. The ¢rus*es have adopted the provisions of A¢¢ouniing and Repo¥ting by Charities.. S￿eMenT of Recommended Practice applicable io chaJities preparin8 their accounts in accordance with the Financial RepMin8 Swthrd applithle in the UK and Republi¢ of Ireland IFRS 1021 (effective l january 20191. OWECTIVES AND AcfivITIFS Objective5 artd *irn5 The object for which ihe Trust is estsblishEd is thc wom011￿ of ¢ducatkon to the public in thE inlernationaj history of engineerin& and wellbeing. The charity Continued to maintain and renovate the si* amd rtopened to tr public ith 2024. On l April 2022 the Subsidiary. Indusria] Continuum Limited went into imm¢diat¢ liquid8110￿ li dissolved on 13 August 2025. Public benefrt The trustees have referred to the 8uidanc¢ in the Charity Commissi￿'S 8enerdl publi¢ gtsidanc¢ on Public Benefit when reviewng the aims and objerfives al￿ in planning firture a￿1vill The trustees confinn Ihat they have complied with the requirernents of 5euion 17 of the Charities AU 2011 to hav¢ due regard io th¢ public ben¢fJt guidatkce pubj￿h¢d by the Charity Commission for Englamd and W￿¢S. Voluntee The company did noi us¢ wipaid volun*¢rs during the year excw Trustee's WI￿ ase not remLtheratrd for theiriime. FINANCIAL REVIEW Financial p05itio Total income for the yrar 2025 was £247.575 {2024.. £251.4621 and upendityre wa5 £241.197 (2024.. £256.372}. At 31 March 2025 the unrestricted fvnd balance w&$ overdrawm by £6.439 and there was a ba]ance of £7,591 on the restricted fund. Restrves policy Followirtg th¢ liquidation of the subsidiary wmpany and teiiovalions on the site. the trustees will review the Reserye5 Policy for the chaTity in 2025 DOW the ¢harity ha5 T¢¢ornmcnced iys thaTitable ￿7VitIes. Goingeon¢¢rn The tru5tce5 consider th* there we 00 matrrial uncertainties aly0￿ the com￿￿5 ability to eontinuc as a going concern. The ¢ompany 15 gene￿Irs ineome from th¢ slte which 15 providing sufficient f¢md5 mver the comwy's ongoing costs and unrestricted funds def￿11. FUTURE PLANS In 2025 the site will remain w to the ￿bliC for wellbeing rew xtivities. STRucfuRL GOVERNANCE AND MANAGEMENT Governing doturnent The charty is controlled by its governing dLtumenL a of tru5L con4iLUtrS a limiwl wmpany, limited by guarantee, as defined by the Comrrdnie5 Aa 2006. Rtcruilrnent aAd appointh)¢ffj¢ of oew tr¥sitts The Board of Directors fornj the 8overniThg W. All direaor5 of the company are a150 t￿stres of the charity, and there are no other trnsttts. The Board has the p)wer 10 appoiiit *JdiliorthI trustees as it stts fit. RecTUitment of nrw trusiees is discussed regularly & Board meeiing& with the wm of &ldTessing skills gaps and bn>adening diversity. The recruitmeni PTIKe5S l5 led by the Chair. After medillg with the Chair. and * lety other Board membtr, wential n¢w trLL51¢es are invitrd io auend a Board meeiing as an observer. Page I BIUTI INEEWUMTR HE REGI MB REP RT FTH TRUSTEES R THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVEIiNANCE AND MANAGEMENT Indu¢iion *nd iraining of new trusttts New tru51ee5 re¢¢ive a comprehensive Indual￿ ￿ck which includ¢s th¢ Charl￿$ ¢uwrent Strategic Plan. most recent management accounts. aUdi￿d a¢¢cwts atKI aCc￿parIyIfftg DirthirS'nrus*￿. Rep)rt. Addiiional training for trwees 1$ arranged tf needed. Day-t¢>day managernent of the ¢barity is ¢l¢)sely moniiored by the Clwmwi trusiee, Mr Luke Oliver Johnson. The harity'5 straie8ic plan and annual budgets ar¢ 5ubjeu w B(yard approydl. All rekx)rt directly to ihe rnana8ifb8 trustee. Rlsk management The trustees have a d￿ty to identify and review the risks to which the charity is exp05cd and to eDsure appropriate ontrols are in place ￿ provtde ￿&SOnable assurance again￿ fraud and error. REFERENCE AND ADMINIStRATIVE DETAIiS Registered CompAny humber 01486986 (England and W￿¢$> Regi$t¢r¢d Charity 279579 Registered o(fK¢ 6 Junction Mews London W21PN Tru5tee5 P H R Dolan {re5ign¢d 2VJ20251 L O Johnson A E Ackford J Blain Ind¢ptndefj¢ Exgmimer Mark Parthdge FCA Chariot House Limited Chartered A¢¢ounlants 44 Grand Pardde Bri8hton Eay Suss¢K BN2 ￿2A Solititors Mayo Wynne Baxier LLP Century House 15-19 Dyke Road Brighion East Sussex BNI 3FE Banker5 HSBC PIC Worthing I Warwick Street Worthing West Su55ex BNII 3DE Page 2 NDEPEi¥DENT EXAMINER'S R£PORTT BRI HEN INE HE TH STE lthdependent tx#minte$ rtport to tht tru$iets of Brlthh EDgin¢¢rium HE) I'the Cornp•ny') I report to the charity tru5tee5 on my examination of the •x(MJnts of the coM￿Y for tt* year erwjed 31 March 2025. Rt$pon$ibilitie$ and basis of report As the charity's trustees of the Company (athj ajso its diTethJts for the pwp)se5 of company law) y(A].￿¢ reswnsible for the prepardtion of the accounts in axordance with the requirements of fv Companies Act 2￿)6 {Ihe 20&5 Art). Havin8 satisfied myseifihat the xcounts of the Compatry are wy1r￿ ￿ be a￿1￿l under Part 16 of the 20tt6 Act ar￿ are eligible for independent examinatio￿ I rep)rt irt ￿$￿1 of my examination of ywr chaTity'S accounts as carried Out under Section 145 of the CIwLies Act 2011 ('the 2011 Acv). In ¢aryin8 oui my exarnination I have followed the Direuions given by the Ch&ity Commission under Section 14515) {bl of tr 2011 Aa. Indep¢nd¢at exArnllltr's $l%iterneDt I hav¢ ¢ompl¢ted my examination. I ￿nfi￿n that no matters hav¢ come to my atteniion in connection with the examirtation giving me ￿U$¢ to klieve." accounrin8 records wtTe rK)t ktw in rtsprct ofthe Comp3ny a5 required by Section 386 of the ACL or the accoun¢s do not acccxd with those records. or the accounts do comply the accountin8 reqitjretnents of Section 396 of the 2006 Act other thah any requircmcnt that the ¥tounts give a true and fair View which is a matter considered &$ part of an independent examination. or the accoLLnts have not PTeparcd in accordance wilh the rnEth(yJ5 and principle5 of the Statement of Recommended Praai¢e for ac£ouniing and re￿rtift8 by ¢hariii¢s (applicable to charities preparing their accounts in accordance with the Fin•n¢ial Rewing applioble itt the UK and Rewblic of lrtland IFRS 102)). I have no ¢orttms and have come across fm) other mattets in connection with the examination to whieh attenti¢)n should be dr8wn in this re￿1 in ord¢rto enable a proper understandingof the to be reach￿. Mark P8rtrid8e FCA The Instity¢e of Ch¥tered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 GTand Parnde Brighton East Sussex BN2 9QA il'SLkn &2S Page 4 IUT Ely Elu ST TERED N BER: 01486 REPORT OF TH USTEFS FOR THE YEAR ENDED31 MAR H 2025 Approved by order of the of trustees ¢M. and signa on its behalf by: L O Johnson- Tnsitt Page 3 BRITISH Ef4CINEERIUM TRUST STATEMENT OF FINANCIAL ACTIVITIES 2025 Total fjJnd5 2024 Tolal funds nd INCOME AND ENDOWMENTS FROM Donatic￿$ attd le8acie5 l91589 191589 251,462 Invesrfflent incame Oiher income 54.985 54.985 TolAI 247.575 247.575 251,462 EXPENDITUREON Ch•riiable •¢tiviti Charithble xrivttie$ 241.197 241.197 256.372 NET INCOMEI{EXPENDITURE) 6J78 6J78 {4,910) RECONCILIATION OF FUNDS Totsl futMIs brought forwald (11817) 7591 {5.226) (316) TOTAL FUiYDSCARRIED FORWARD (6.439) 7.591 .152 15.2261 The notc5 forn of these financial sthtanents Poge 5 ENCIN RJUMTR HE REGI ERED N MBE 1486986 BALANCE HEET 31 H202 2025 Tot funds 2024 Toral funds Unrestrictrd fvnd RestrictrJJ Notes FIXED ASSETS Tangiblc assets 1425 2,425 2.701 CURiiENT ASSETS O¢btoYs Cash at bar 7.725 25 7,725 7,616 17.451 7,613 7,591 7.750 7.591 15.341 25.066 CREDITORS Amolln￿ falling within one ye¥ 10 (16.614) (16,614) (32.W3) ET CURRENT ASSETSY{LIABILITIES) {8.864) 7J91 (1273} 17.9271 TOTAL ASSETS LESS CURRENT LIABILITIES (6,4391 7,591 1.152 {5,226) NET ASSETSIILIABIUTIES) (6.4391 7.591 .152 15,2261 FUNDS Unrestricted fvnds Restricted fijnds 12 (6.439) 7,591 112.8171 7.591 TOTAL FUNDS ,152 15.2261 The Charithble company is entitled to exemption from audit under Stttiw 477 of the Comwies Act 2006 for the year ended 31 March 2025. The members have not required the company to oltsin an audit of its finarti￿ statements for ihe year ended 31 Ma￿h 2025 in accordance with Seaioft 476 ofthe Corntwiies Aci 20(kn. The ¢rustee5 acknowldgc their res￿51b1111le5 for lal ensyrin8 that the charitsble keeps a¢¢wnting tecords that compty wth Secthon$ 386 and 387 of thE Companies Act 21K)6 and preparing firtan¢i41 swements which give a truc and fair view of the statc of affairs of the charitable company as the end of each firwKial year and of its surplus or deficit for each financral year in accorda1￿¢ with the requirements of 5eaion5 394 and 395 and which other¥vise comply wiih the Tequjrements of the Companic5 Act 2006 rtlaiing to finwKial ststemcn￿ so faras appli¢able charitabk ¢omp#ny. (b) The no*s fom) part of these financial sthtrments continued... INEERIU TRUST ISTERED ER: 01 BALAIYCE SH IMAR H 2025 T- continued These financial swements have been prep*ed in with the wovisions applithle 10 tharitable companies subjea lo (he 5maJl companies ￿girne. Illanci￿ ststemenis wEre 4yroffd by the Board of TThs*es and authoTTsed for issue on were Si￿ed on its behalf ty.. L O J(thnson- ruste¢ The n(*es form pwt of these financial slatemer ISH ENG NEERI MTR ST HE NOTES TO THE FINAI¥CIAL STATEMEN FOR T REND IMA ACCOUNTING POLICILS Bgsis of preparing ibe finAwial 51aleme•ts The financial swemertts of the eharitsbl¢ o)mpany. whi¢h is a public benefii eniity urmkr FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Acc4Mmiing and Reporting by Charities.. Ststernent of Re¢ommend¢d Pra¢¢i¢¢ appli¢able to chariiies wepariog their ￿Ounts in ¥¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffe¢iive l January 20191,, Financial Reportin8 Stsndth 102 Tht Financial Reportlil8 Standard applicable in the UK and Republic of Ireland artd the Companits Act 2LM)6. The financi￿ stat¢ments have been prtparcd under the hi5tOTical c05t convention. Th¢ charity meets the definition of a public benefit entty 85 defi￿d by FRSIO2. The finatKial s￿eMents are PTeputyJ in sterlin& which is the curTen¢y of the eniity and are rounded to the ne#rest pound. Critle•l gecotsniing judgemertts and key source5 of eMim*ii•tt unrtrf#ityty In the application of the charity's accounting policie5. the charity is requiTtyJ to ma&e judgments. estimates and &%sumNions alm)￿ the canying va]ue of asses arnl liabilities are not readily appareni from other swrces. The e$¢iM￿e$ arnl associ*ed assurnpti(xs are based on hislorical ¢xperi¢n¢e and other factors wn5id¢Ted to be reltvanl. Actual results may differ from these esiimattt. There are no estimates and wumpuons th* are considered w have a 5ignbfKam risk of cau5lTr8 a material adjustsnents w the fit)an¢ial swemens in a futswe In¢orn¢ In¢om¢ is mwured at th¢ fvr value of conside￿1￿5 received or receivable, for services provided in th¢ ordinary COUT5¢ of the company'5 ￿tivItieS. Income exclLLdes diseounts, rebates and is shown nrt of value added and other sales laxes. Rental incomc 15 rccogniscd on a time aW￿l￿ed basis. t)onaiions are reg)gnis¢d in the peric*l Ilw rt£eived. Expenditure Liabilities are Te¢0￿1$¢4 as ex]xndiwre as soorj &s th¢r¢ is a legal or con5tnJciive obligation committing the charity to th￿ ex￿ndIture, it is probable that a transfer of ttonomic benefits will ￿ requiTed in settlement and the amount of the obligation b¢ measured t¢liably. Expendiwre is accourrted for tsn an accn￿lS basis and h&s been classified utkler headings that aggregate cosi telated to the c4tegory. Where ¢osts ¢8nnoi be di￿lY atributed to parti¢ular headin85 they have been allo¢4t¢d io ￿]VitieS on a basis consistent wilh the use of resources. T•xation The Charity is considered io pa55 the tests set oui in PaJagraph I Schedule 6 Finance Aa 2010 and therefore it meets the d¢finition of a charittble cotnpany for UK CoTtM)Nion T&K P￿r￿Se5. Ac¢oTdingly the Charity is pth¢Diially exempt from ￿￿#t10n in YeS￿l of income or ¢¥iTal gaiTr5 received wiihin categories covered by Chapter 3 Part l I CorFK>Mion Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to Ihe exwli lh* such in¢om¢ ￿ g￿n5 are appli￿ exclusi￿[Y ￿ charitable purp￿￿. FuAd Attounting Unreskn¢trd ftsnds cat) ￿ ustyj in a¢cordJL¢e with the Charkthble obieaives * the discrdion of th¢ trustees. Restricted funds only be used for partro]lar ffstricied PWFrf)5es within the objexts of ihe charity. Restriction5 arise when 5pttifJed by the donoror wh¢n fvnd5 ￿ raised for particular Tt5tri¢ted purp)ses. Page 8 ¢oniinued... BRITI NGINEERI M TRUST HE NOTES TO THE FINANCIAL STATEMENTS- contillu NDED31 MAR ACCOUNTING POLJCIES- continued Fu*d aeeounting Further explanation of the nature and puryw of each fiuKI is included in the notes to the financial sthtements. PertsioTh tosts *Ad olhtr Ixot-rttjrtn￿Dt bentfits The chgritsble cOmp￿Y o￿Ta￿S a defined eonrribution pensi￿ scheme. Contributions payable ￿ the ¢haritsble mpany's rEn5ion scherne are Ch￿¢d ￿ the Sth*meni of Finan¢iaJ Adiviues in th¢ period trp whi¢h they relate. Basic Ilnatycial in5trumettts Th¢ charity ha5 only finwKial a55¢ts and financial li*ilities of a kind that qualify as b3si¢ financid instruments. B&si¢ financial instruments are initially rtCO8nised * transaction value aThJ are subsequcntly Me￿I[red & their settlement Wal￿ with the ¢X¢Wion of baok loans whi¢h ar¢ me&wred ￿ am¢ytised Cost using the effectivt interest method. INVESTMENT INCOME 2025 2024 Deposii attouni in¢¢re SUPPORT COSTS Governanee costs Totols Charitsble a￿1VitieS 11042 5.068 NET INCOMEI)naiions and 1¢8xies 251.462 251,462 EXPENDITURE ON Charitable activitie5 Charitable activlties 256J72 256.372 NET INCOMEI(EXPENDITURE) {4.9lO) (4.910) RECONCILIATION OF FUND5 Tots] ￿ndS ￿oUght forward (7.W7) 7,591 {316} TOTAL FiJNDS CARJUED FORWARD (12,817) 7,591 15,2261 Page 10 ¢oniinued.-. BRJTISH ENCINEERIUM TRUST HE NOTES TO THE FINANCIALSTATEMENTS-e•Thlin AR TAI¥GIBLE FIXED ￿SETs Fixtures C(¥npLrter equipment fi￿ing5 Totsls cosr At l April 2024 Addition5 151,582 3.801 316 155.383 316 At 31 March 2025 151,582 4,117 155,699 DEPRECIATION At l April 2024 Charge for year 148.881 540 3.801 52 152.682 592 At 3 l March 2025 149.421 3.853 153.274 NET BOOK VALUE At 31 March 2025 2.161 264 2.425 Al 31 March 2024 2.701 2.701 DEBTORS: AmOU￿Ts FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors her debtors VAT Pr4Mymert￿ and acuued incilme 610 1850 12.623 4,828 4265 7.725 17,451 CREDITORS." AMOUNTS FALLING DUE WITHI1¥ ONE YEAR 2025 2024 Bamk loams and overdrafts {see I l} Other loan$15ee note I l) Trade ciediiors SOCI￿ Security and other VAT Other ¢Teditors Accrued expenses 105 8.￿1 339 2.386 2.286 4.772 8,991 17,129 1301) 2,300 2.507 16.614 31993 coniinud... BRITI NEERIUM TRUST HE NOTESTOTHE FINANCIAL STATEmENTs-c￿tin FOR THE YEAR ENDED31 MARCH 202 iL)AIYS An onalysis of the mati￿lty of IrAns is given below: 2025 2024 Amounts frdlling due within one yvdr on ￿M￿￿'. Bank overdrdfts (Xher loans 105 8.9)] 4.772 8.991 9.096 13,763 The loan is intereA free and repayable on demaThJ. 12. MOVEMENT IN FUNDS Nw movement in fvthds Ai 3113r25 Al 114r24 Unr¢Stri¢¢￿ futtds G¢neral fvnd (12.817) 6.378 (6,439) Rutftcted funds Ph￿0g￿phi¢ ProJe¢i 7.591 7.591 TOTAL FUNDS (5.226) 6J78 1.152 Net mov¢meni in fvnds. included in the atove xe &$ follo￿. ITKoming resources Restyjrces expended Movement in funds Unrestritte41 fullds Gene￿ fund 247.575 {241.197) 6 J78 TOTAL FUNDS 247,575 {241.197} 6.378 Page 12 continued_.. BRITI H ENGINEERI MTRU NOTESTO THE FINANCIALSTATEMENT E YEAR ENDED31 MAR H Z1125 MOVEMENT IN FUiYDS- continued Cornpar8¢ives ffjr movefflent i• futhds movement in fvnds At 3113124 At 114123 Unresirirted funds Gen￿al futHI 17.SX)7) 14.910) (12,817) Re5tricttd funds Photographic Project 7.591 7591 TOTAL FUNDS (316) {4,910) (5.2261 Compa￿1¥¢ net movement in included in the abjve aTr o follows: Incoming ResrAErces re￿U[ce$ expend Movement in ￿ndS UnrestTieted funds General fvnd 251,462 (256.3721 (4,910) TOTAL FUNDS 251.462 {256J72) 14.9101 13. RELATED PARTY DISCLOSURES t￿rIng the year ended 2023 Risk C¥ital Limite4 of whith Luke John50n ha% control. loaned the charity £10.791. The remaining 102n balar￿ ¥ of 31 March 2025 is £8.Iy41. Page 13