Ch•rNy R•gi$tr•tytin No. 287075 Corryxny ReglBtratloTh 0170&335 (England •rtd W4le51 THE ENGINEERING TRUST ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 THE ENGINEERING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Try5te¢DJrectors M&SD￿k MresKthytt MrNJBLoK* Mr R J tknnly M5 8 AO'F8rreA PAS CT Wlthx IAppohiled 26 February 2tr241 (Appdn￿l 15 SWombor20231 Chllrlty rwmbqr 287076 Companynun*eT 01706333 Wsteyed ofitè QX264UL Awtndrn SN4hffCCAIISthtrAts11tc¢l Forar¥J b￿a￿￿Shab & Co1*w￿￿8n1$I Lld ChBrtered ￿￿j￿1￿￿5& St&luWAuthr C8$hb Busir￿Cer1r• 181 F*or 228WbJfffjgM Ro*J Covorttry West Mldlands CVI 4PB THE ENGINEERING TRUST CONTENTS Twsto& Llr*knrg reF¥rt Indep8ThJ8rt audhorf$ rewt Bala￿9 s Con801hY¥tsd sla1￿ert of ¢95h llrA 10 Notes lo ihe THE ENGINEERING TRUST TRUSTEE DIRECTORS, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2024 The trustee threraors pre￿tt￿r amual rYwi4TrJ OnwKIHls14torr*nts for ts Trar oTrJ¢d 31 AugLBI 2024. Th6fnan&al aatéments ￿Ve beenprepqr•d In￿Ord￿rN￿llhtsW￿•j￿b￿9 ¥vl tyJI in 1.1 19 the fin0n￿OI Stsltyh¥T*$8T￿ ¢omKlywlth the ymup'$gov8mlw d(￿m￿nI. th• Compan*skt 20c6¥Lnd"AccoL￿n9 and Reportky by charit￿S.. Slatetnentof Recofflmended PraGtre applkxN8 to chatibes ar￿Unt$￿ ¥rtord¥n¢g Y•ilh lh$ FinDncial Rqportinp St&rnlwd appkc4b￿ in thè UK*nd Repu￿￿ of lieland IFRS 1021. (eff￿￿¥e l January 20191. Thg ON>up FsffladB upclTh8 ETvJlneBrfny Trwl (Th&Tn￿tl and *s 0￿1 sut*tsJlary. EndWlngTn+StTrdin￿ Llmlted (Err). The Tnjsl regisleFed wlh Ihe Charity Commwon ￿ Effllllnd and Waks ona * A ctrnpany by 9uarAntso r*gl£red at ¢4mpanlgs How. The goy￿kn9 *Atrurnpnl ofth¢Gurwny IB the MEmDra[￿Urn and IrKorpcYated 14 Mll¢th 1983 4$ J4r￿ry 2024. objertv￿ and ocuvlll Grotfj>conUnuesio be In the olengir*￿4 promDtion ofr4rwa n the ￿dUstry, dglvwy 8ppTrrtKoshlps cgkbratbn ollh04?V￿rt1nU Inthe Industy. The maiTh Gro￿*re dèliverèd ¥la ETh, Invo￿1￿￿* ofapprent￿IOrthe Eroreerriry, M8nufyctumg and Maintenal￿e sector&. Other u)lJattvos are a•￿*r9d wd¢rTh¢ includhglWJtK th E¢W*. th to 4UPPOrtèvonis S￿1} a$ m￿10￿1 Apw8Nic8shlp We¢k. Women In EngkRetyand Oxtortslmre AF01•r￿CeS*￿Aw*$4TrI c￿eb￿li￿ ofihD5e whOv￿[k￿￿h 8Dd lesm und&rFfT VA Ewineeilw T￿51￿Ual AwanJ¥. PulAlc Thetrwlee5 hyve into awounl ¢hurity guwJarr4 (fft bèrtsffl and tse1￿0 Ihaiih8 *tivhl*sdth Tn18t￿ in b"n9￿gu￿AL*. Achlw•m￿ts •nd p•rforrnaThc• TheT T￿T￿51'SW0rk ￿1￿ 8chouls ¥nd col￿918¢(￿￿U8O Wthfllctrt￿4￿eeVertts c*F8w818lk8. OIWTru%¢ p￿l￿t5 such STEM S￿￿￿ne1 c(￿rge5 owed for ihe ihird ye8r¥nd STEM SaLu￿#Y ckth$￿Te also plloled. InL¥eB$iThuT￿ Ttugl&worfc, ar fUrthermee￿n9 its ¢harIAb￿ aims. Th9TIu51 cont￿u9d lo Tun IL8 Ann￿alAWards, ￿e09￿sIng excel￿￿¢9 ￿thIrt thè apprEnt￿9& &nd gmph)yers that wMh.11 akn. for Ikno. swsor£d a Lat￿ory withln the Oxlordshiro ApprerrtKethp Awatdsand th&North Devon man￿4￿urer8 Assoc1￿o￿AW&rds. Th8TrtLsI to sllen91he￿ its Both by leeN￿￿n9 more Tosle¢$. cgntinuing the work lo hprove itsovet¥ighl 8nd ETh ￿aGe$lL1￿re ewTneers (￿t0 g￿tr qufjlity8pplth￿*hip% matyofwhom yo on lofvrtherleaming 3nd Qbtsinsèn￿rof m8nagemenl beca￿e of IheSr8p¥renlkesh(i. Ert offer? apwenknships at I?￿1$ 2. 3 and 4. tra1￿￿ more than 280 apprentices 8C¥OSSlhe souii) of Engknd, holthng a Grnd• 2'Good' OFSTED re5yII gcross allfour Breas from lls in6P8¢tkJn In 9￿me1 2022. eTh ¢Ornlnu¢d b expgrior¢o agood levd ofbu51n8s6￿lh p 8ts•dyflow orr*￿￿pplOn￿cos buslnèss8S choo*ng Iv wslholrtsinlng provider. ErrvAIIp051 a 202Y24, $0oln9 th• bAn4ft1 ofchznw made to our operaUn9 modd P￿￿0￿$ Yea￿ More ran luth￿ irnprove the rnar￿141 poslllwwilh Ihe redudthof subwAli¥ctw •d Ihe ￿cr&￿$0 In us•of The Engineerir¥J Skills Acad8my. Il$traI￿r￿j venue ￿ BKesterOxlordshlr< atsj SUr￿￿￿dir￿ c¢unl*s o)AlvlU8 losoèa slr(xw ÈwlnÈerirg seGtorYrith Q￿h il compan￿S bosed In the reg￿. Thre rem81￿& W( of1rd*￿d stam. ￿athn9 10 bJ8kn88585 PTDt•rthg thek fijlure by tr•rdng apprEn1￿5 th8 Govetnmenl's cOn￿￿d push io promote apPren￿cesh￿. Th othok Dpvon. whcre a small C4*K>rt ofapwenticesand iwoful Iim? staff mernber&. contlnues lo have a dI￿￿niOU￿00k. wSth bu4ne9s bekng tyut sknErthal Oxfo￿5[¥re. hs¥¥ tEli8n¢e on ¥rt￿ntrac1￿d provlslon fortr￿daY release dememof the apprent1￿￿￿t0 a IrKB1 collegewh￿hWIll r•mJin in the i*rm. i8forIhL8sthwntr￿trlr to b8 ono ofthevryftw￿II rwirnd lor ETh4￿￿ry. ￿n￿ 0￿y*￿P￿rllctfjd piovi5Uln thefutwe. had • year h len>)É 01.1•8wrf n￿Th￿r$, moink* apprenU￿S￿hoexft Ihelrw)gr8m ￿l￿ree￿mPkn￿r and io compiete learner5 On tme. Bolhts¢tots Fodan elWllnan¢i*ly and lfttsmis QuAlificalToD Surce56 RatsslQARI measu￿d by thè ESFA. Aditin has bAant4￿ to a&lreGs both ￿sU0￿ and thtrsBthangesalm 10 brirvJ Err ba¢kiniDStceptable n￿rnbe￿ In tr￿th areas. THE ENGINEERING TRUST TRUSTEE DIRECTORS. REPORT IIN¢LUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Flrblln¢lDI 23J24 saw ihe beneflt of¢harrfJe$to the ETf ￿n￿￿￿Odel, synifirnnty rEdurAfvJ sthcontrncbngand increa￿n9 the nufflbEFS olapprentlre5 In IrainLng al Th EnginB¥iro s￿￿1¥A¢a￿¢My, lo84*ig itlo 8 $urplu8 po*U¢A$i ¢nd otW*ye81. T suWus has, forthe In many 5p8rs. cworod fv gFM¥J Th6 TTl￿1. To édd to I￿$, Ihoorganl¥aVon 8$ a I Casmgw IhB Lxgg8St¢h8lleng8. htrwDv8rron8lanlmarwBmenl hasmoaDlthal the oFJanl¥aUon t￿4 bfjgn operatedwithin 115 means. The Trust wll gel Incornefrc￿ Ihe Err ¥urplu5 msdÈ In 2023f24 whkhwlll be used ta payforthp the Trust￿￿ In 2023r24, whKh Ert fts￿d￿ to The TILBI. alm Is to leave 2n amount In The Tr￿110 begkn to its14virfily pgth. IKM*vefihts is a lorwJ-t*rrn pr(b5BsS￿d Yjwlltske sBVW81 y&prJ. STEM Swntt*rCouryJ8s& Ssturd#y STEM ¢￿b6 cOn1￿ued lo Dotmak9 a Su￿U5 arrtllherefore dld n0tc0nlrfb￿8 to The Tru51'5 Ilnandal posttion. The ynJStconl￿U@s io have I*Ye orwaihvj ¢4)ital io t4k8 into 2024125 howevw. tho ¢wreM M￿e1 ol ErrfundSng The Tr￿1,8￿0th and ¥thJequenty recowv th2arrnunllronV* vplu5glft•hl¢d lo Th• Tr￿L Pl•ns fwfuthr• peth)d& TheTn￿l Th&Tntslwlllc¥Jntn￿ it&vJDrkover nexi 12 rn¢nlh$, uwikYJ ¥nd ¢ol*gesv411h ¢•reeTsthicgond olid8n￿. 11 wlllhohg hsAnnuaiApprenite Awar¢s th OKtordgh*e and re￿Ic￿le￿8 ovgm Dgwn wo. STEM Surnrnor Cowses 4nd SalLYday STEM Clubswlll lake a p3use in 24llS*thist w¢ rq•wlwlo Ihp way OPtyF¥ied Coniinuing 10 ￿¢￿$¥¢ Thq Tlust dlrecl Income remaHlS• key oF4'e¢tprtwth thè Intonti(￿0f drwetwfyww. so tx)I bFwg 5DIBty rc]vanlon ETT rnakiry a Ir#)*ne Irom ￿ suwlus remths8n b￿p0rtaTrt 8OUrte a￿$￿1 be more relIab￿ In the coming ye8rs. 2D24f25 will see ￿￿8931￿ slrenfvn Posilknn wthln the apprenlke5hTp ma￿et. ¥Y(￿ktr￿ Wilh more employers and maxlmkln9 newstarts, app￿￿11(¥ ietenbon and complelon3. Continwng lo dqTrKlop The Etyimenng Skil3AG￿Y rtsmain5 kgy 10 b￿no$S for¥YarrJ, ￿1h In terms ofapprenlc4Èhlpddlvèry artd othèrforms Iftraknirw. Fkndin9 aftd r￿ta￿r d $181r￿ a kBy foGus as 48 ¥truE*wDy the bUfft$sioe￿5Ure wecan grow 5Uslainably. Mak￿￿9a s￿￿luS0¥8r81[ belwtrn b0ihdemb￿S is kty and wains ￿be the man this and Ihe inier*tsi, in the years to wme, i3to Improve the sur￿u¥ and Mnlribule mwv. StruGiw4 9¢JvemanGe and r￿￿j*￿￿t TtU51eps pre6oTrlThartity ddiverapw￿1V￿*I￿￿d kvyj a broad ratwJe of*ilts capablMe$ allowsforlhem to provlde effecuve Éb)vemanceftyt￿ The Tru#and Err. Durfng thè year, Ihe D*eci0rs(fr￿￿S￿}h&g￿ rav*￿d the rfsks, *thlch may 8ffttt Ihecharfty8nd ha¥e ￿ed actudhplyTrhtsr8 r*c•wry. 4rt¢•th• y•ar fom*bn rebfjrvJ shce Ihe end oftheyearls gfv¢rn In rths ID thefThrKilll slBtemBllts. ststornfjntol Iru•¢o• dlrqclDrn' r•$￿1￿$t1• The dlre¢tors. who also the dlredors Tntsi forthB purpos¢ oftornpany ￿￿, &r8 respon￿¢ ior prepath9 IhDTpJ5tqe Dlrectors. Report and thè nnanc]al dAt4mgnts kn ￿r￿an¢*￿1th Lg¥Y Uniitht Kkn￿Orn A(uuntiDq St￿￿ards Iurmted KirvJdom Aoxpt¢d AeLounlr¥ P￿Ct￿￿}. C￿nPanY Law requires Iho irttstta dirathrs Iv fi￿n[la1 stat*yeiii6 fur year ¥¥hlth 9l¥e a and falr vkw olthe giaie of affairs of the group and orthe ie8our¢es appkaikn ofRsDUTces. hcluthry the illCDMe and *xperL*urtr. Dfthe ChartSb￿ companyfor thatyear. In poparing fi[￿￿￿81 $tslem8nts. th• ar¥ ￿￿red - ￿￿OUn1*yj p(l¢lF6 a￿j IhBn ￿p￿Y1￿￿￿ . obser¥& the mèthods and prfrtileg In the Ghwitseg S(¥V.' - m*eludgements and e*knaies artr rfjasonab￿ - st8* whthgrapDli¢abl¢ UKAe¢ounbny stsndtffls hthYèbeanfdlNYd. 3ubjccllo ary matsrial dèpariwel dmcbxed and In thPfinanc￿b &lAtement6', and - wepare Iheflnan¢bl ststsments on thegoirvcorrnm U￿31 it i%inappmpriBieto prewrnelh81 9￿up will h owatlon. THE ENGINEERING TRUST TRUSTEE DIRECTORS. REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEO} FOR THE YEAR ENDED 31 AUGusf2024 . slalewhthr 4pptiMbk Stsndwd¥ fo¥e 9JbJgra SJ ary malerfald2partL¥e5dsdosed exp￿i￿ad inthtr financial thtsrnonts., and - proparè thè fhancw swemerts on tho golrgcor*8m basIsu￿•6s tt L% InapproprfaietD Ihal the grow The Irwoe dIr0¢W￿ aro r•s￿￿bIg r¢rkety￿9 a*qUa￿•￿0￿n1lry r*aw￿e arxurd¢yai aoy Irne th2 finanGi41 Po￿l￿)no1 gr¢up and uable them 10 ensure Ihai tr*[na￿lIE slatemfrnts rAmWywithlhe ConwBfies Ac12Q06. They ar*ath Tesponsltse foi sofeguardkn9the as￿￿0[￿& group ond hence for taklThJ re48ornble *erA forlho pr8v8niion and deieribn olfraua oTrJ Oth6rkTWll8r￿e Audlts¥r 8c4xdar￿ wlh th6 c¢mp8nW8 8rttle8. 8 i￿￿￿10n propth that Sh•h a cts Ikox¥Jtontsl ￿0￿p￿￿￿ted 0$ 8udftorofthe company￿11 be put al a Gen*r4 Mwjng. Dlsdos¥r& of ljtsmatron to audhor EKh ofthe IrL4tee ￿￿0￿6 corfmed thattt*rb ￿ nD thay8ts whth b rele¥anliO thfrauJll, buiOfwh￿h tho audiior Is unaware. TW hawe futtwcorfnnedlhaithpy have iaken apprwhaie stsps to such relev4nl rfomwuon to ostsblkh Ihal Ihg audNor16 aware olwxh Inform4iton. The ¢rugtee L£lreGtCq5' rewtWa8 hpproved tytrtr Boar(I Dlrtylo MrRMorf 23 May2025 THE ENGINEERING TRUST INDEPENDENT AUDITOR% REpoKr TO THE TRUSTEE DIREGTORS OF THE ENGINEERING TRUST Opkn Wfr hw audited it*finait416t¥lemerts ofTho &)9it)•8finp Trust (fv'tyusI'I an¢ Il$$Ub$￿￿ry ltho'grwp'l for the year ended 31￿115% 2024whkh comprfsethegfw Stthm•ntotrfftAncLglgclivMieS. thè ch&ity stswmMof￿nanc￿l xlvl¥e5, th8 gioup b¥lan¢• sheel. Iho ¢h&rity balance sheet. Iho tyoup 8tslpmeniDf c8sh flyw$ 8nd the rw)te$ 10 the siatemer44 IrKludw *ntttani ac¢ounUw pokkns. The IID8n¢ig1 repoffkng fr8mewoFkthBI has been applRd in the preparation 15 8ppk¥bblgw8nd UnH•d KIWI￿)A¢KOUrtng Sknlards, FR$ 102 The FlnwKialReportiTr9 S1and&rd*pl￿￿fft1ha uKandRepubkollrgl￿L￿nrted lthrydorn GenerélWAr£epted AccoLrtiry Prac1w￿l Chadlkns SCfiP. In ow opfftknn. th8 Inar￿￿&1*￿tlrn￿*s'. 9ve B true and lalrvWatlhe¥laie of trÈ 9roup'9 gnd the p8rth)t INsV¥ Bflgts 880131 August 2024 andof its trL¢orthg ￿sourC&S8￿d appLiaiionof ￿$0￿￿lOrthÈ >*èrthen e￿Id,. hav• W￿p￿Y weparnd in a(Y4Jrdancq Unttgd K*NJLli>rn Pta¢Ucg.' and hHve been pweFdred In Tthwlrarnents ofihfrCorn••5 Act2rx)6. Bao1$ for Op1￿ Weconducied rJur•udll in accorda￿ wlth lrtimatkn3lStA Th4orfson Audlung (UKI (Ishs IUKII arkl applICab￿ law. OLY reSpO￿lb￿l)i ies underihose siaThJarLL8aie Iuthtrde￿d In IheAudtlotsre¥m•lbifrt* forlhe audlolth8 stet&￿￿￿1*$￿b"0n ol 0￿￿￿t. We are independent ollhe group In accordanre ¥wih Mquirtsmni$ Ih&i*e relevant lo owr audk of th8 financial siatements th the UK thdulling tho FRC'$ Ethlr¥l Stsn¢ard, and we ha￿lL￿￿1>d our oth*r£th￿81 I•4>w$￿mmi1$ I￿ arthdantsvjhh Ihw Aq￿l•m4￿%. We th91 ￿ aLYli1￿51tr￿￿we have oilahed and BPtKoprfate lo provld¢g bawIorr￿T opirMOn. ¢oncluslons re￿￿ng to gdng cone*m In 8udttkng thfy11na￿l *alwmenLg. * haw corKluded th811ftg InJ5tepdk4ciar5' uso cllh• golng concem b￿$ or 8ccounUng h Lh8 pFeparalbn ofth&finanGlal stalernaits Is appwale. Basgd on Itrwworkv￿ have perforrned.wehBve ary unrertalnlles to èwon¢sorcondiwJn51 Indlvldually may cast s*nlficant doubl orbthv group's ablltyto CoThti￿ cr*bc8tn for & perfod Df JI asl We nY)nths frfrtn tsfinorxi81 SISt￿ents 8rè athhorlsed for&sw. Our tESpatthllbs atKI thD Ir￿ed￿re{A0Bwth rnspKt to￿￿9 cOr￿n arndoKdbBd IDlhe rgthnl sectsn5 ofth& repo The olheiinf￿￿?Iknn Compr￿8$ ￿fOrm￿l￿n included In lh8 annu4 Keport oth8rth3n th8 financial and ¥udito¢s report lhe￿￿. The Iru31ee directors we respo￿b￿ forlheolher inlcrnalb?n contaned within Ihe report. Our Opin￿non Ihg finanENIl stal4mBnts dogSllDtThrthe olherltrfomaikn)and we do not axpress any foryn ofasswan concl￿￿ Ih¢wr•, ourrfrspor￿1lty to rfjad thfj thr *l•rma￿9Tr and, dolrvj so, Cons￿er ¥¥hetherthp olhgr knfurmalbn 45 Maler￿lY ￿￿￿￿￿len1￿lh lh8 fina￿1￿1 slqlernw*S orourkrthltrdu¢ obiaintsd in thts cOu￿e of Ihe 8vdil. appeatsto be r￿¢trIalty Misst¥ted. kleTWy #uch materi•l kncor¢bt￿c￿s0r3pParenI Materi￿ mis3talernernts, we 4r¢ reouired to detsnydne whethfrr thls glve6rf9e lo a materfal mis8ts1￿enI fi￿ar￿al 81o1ernentsthem68￿ts. 11. basgd On theworkvAry pwfcrmed. w•conctyJde thallhero rna1•￿ ff4ES1at8r￿ g1th1¥￿￿*￿rfOm￿)'0n, w• are teqthd to report Ihal fact. We hg¥e nothlngto report in th￿ regard. on wht¢h ￿ arv rnqvlrod to report by yx¢wOoD We have DDtr¥ng ¢0 Wrtin r•sfv ofihe matters kn ￿￿81￿￿t¢ wN(l)Ihe Charftk$ (Awourts Reportg) RegUbl￿n$ 20D6 requirg US ￿ rèwrttr>you rf. kn ourwDI(Yi thè Inlom8tlOrn In the fin*tt*l Stslements ¢¥ inco￿151￿￿ in wyThaterkg1 tc¥￿ wilh Ihetru3teB dwe¢￿r¥reP0rf.. sufItl8MaC￿ffllny rK4rdB have been k•pL If thfrfinsr￿ *alemenw are ml in 8gre¢rngnt¥Mth fv accwnting reGDrd5', or w& have 011 Infonr•tlM aThJ we req￿re brow THE ENGINEERING TRUST INDEPENDENT AUDITOR% REPORT {CONTINUEDI TO THE TRUSTEE OIRECTORS OF THE ENGINEERING TRUST R•¥ptywlbllMI•B of tIU8kn ￿r￿torY tstxplain&d rnOTe fulty In Élalemeni•f trvste* dI￿￿Or$. respoDslbFI*, tr*lwtee dlrerlor9, who 8re atso thedwe¢iorg flhv group for￿ pJFposeofoJmp3ny L7w. are ruWtsIb￿1Qr Ihe p￿￿rat*?Th ofthe fina￿[al sktements forbelrg gaiGfi&l thalthey 8 *r￿and fairvkw. and forsu¢h imeM￿ ¢oMrd ast￿trl￿E dirEctorsd*nnffle rs nE¢¢SSary lo eTh8b￿ Ihe pieparatlDnolflnancl81 Slglwnènts th8lsrg ftrofftyn maièiial ml*s&tsmoni ¥Vh•t￿rduÈ ts frathl or arror. In prepating the finanda15tatemer]1s. th? truslee direct￿5 are ￿sprr￿Ih1e for as5es51ng Ihe group's ablity lo ronlinup a$ Ino wnoern, disclo￿n9. as app1kAb￿, mai￿r¥ Yelated towng t¢￿teM Using the g0w￿nCeMbaS1S0faCKOun1lTrJ unle8Slho tnJ$t* diractorsttiher intsnd 10 Ulu￿st￿ the C￿ri￿bte cJJmpany l¥tO￿a$e opetations. or have Th) rfj31 bul iodo w. tors r•sPo￿lbbl1doI fgr Ihg ¥u¢lI 011￿ flnwclal $wements We h¥ve baen appointed 888uditorund8rstr¢hots 144 oftha ¢haril*sAct2011 and roport in acctrdarta wlhthe Aci and re￿￿￿ r8￿￿11)￿$Madfrar homng elfeL#lh6ffjLYth. Ouroblectwe$aTe to oblaln reason•bh 889ur8rte stalcmBnl? a3 arvfr¢c Mate￿al mi¥slalement, Whthr¢￿t¢ fraud¢t enor. 8ndtO ￿8#ue8n rewt opinion. Rea¥onab￿ aeeur8n a high bvel of a55ur8rro bul15 roto gL4qr4ntgp IhR¢8n 4uthtcoThtstycted in aKord4nc¢ ISA5 (UKIV￿￿ a1wa>E dptect maletsl ￿l￿at￿Me￿ when11 eX￿lS. M￿Sta19m0￿1$ CBTr fromfrdLthI or em)r dre conshlered Ma￿rial if, indiv￿￿￿my o[ inthc IhBywvld reasonably teexpxtqd toinfiuenc• iho econcfflic Df use￿taken0￿ I1￿ b87i50f lhe￿ I￿8nd$1 stalemerts. Irre9uL4rIi￿S. ￿l¥Jd￿ fRud. are Instarttsofr￿￿Whl•* Th& d•S¢W￿￿10￿$ P8rt of0waud￿* popDrL THE ENGINEERING TRUST INDEPENDENT AUDITOR'S REPORT ICONTIMUEDI TO THE TRUSTEE DIRECTORS OF THE ENGINEERING TRUST V••ulour r•port Th18 report l* m#dt SLW tolhe Chari￿$ lft*tèes, as a b4dy, in part 4 ofthe cha￿1￿ IAt¢Mts ènd Rewrlsl RegJiaikffi¥2008. Our audrtknvrk ha* bean ￿j￿rtaktsn sothatwtr miomthte lo the ¢h8ritr8 tr￿ee$ those matlets we Are rewlrgd io st41e io I￿rn In 8n aL￿dItO¢S report and for r¢0 ¢thgrputPOSo. TD lh&1￿￿st exleni pemllled by law. we do ul accql or responsibAty to anyone other Ihlln the cknJrbi nnd kne tharly'• INslees as a body. for owwjditwotk. forthis Mporl, orlor1￿ OrAnts￿}￿* havtsftsm￿. HBreTrlra KbhJrl8lShah (FCcAI(S￿￿￿AUdM￿) For8nd beha￿oIsh$h & colk¢￿nts) Ltd Charttt¢d AC￿unI￿ntsasIalutory Audkors EIVJIb￿ lo an auditoi ifitshnsof8*don 1212ofth• CoThwanie$kl 20L cash￿ Centro 1$1 Fk 228 W￿(￿￿9t0n RoJd Coven W*st Mb4145¥Js CVI 4PB Dat9: 23 May 2025 THE ENGINEERING TRUST CONSOLIDATED STATEMEfrrr OF FINANCIAL ACTNMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unr¢•ty¢ted UrvestyfA¢¥ 2023 Incorn• and endowments friwn: Cha￿￿b￿ acifvtties Oiher tsding octv•nle¥ 42.931 1,437.237 1,779 3&846 26.921 1,1W.83 Otherltv)me 57.561 Total It)e•m 1.$21,593 1,186.880 Ra*ir*fiM)ds 1a83.158 1,141,910 84,0 61,452 1,467,194 1,203,262 N•t •xpfidiwr•foT th• ygarl Net L￿￿107n￿ r•¥our¢4• 54,399 116,5021 T￿ati[ 124.1401 12.303 Nétmov•m•ntln 30,259 14.1991 FLmd baL1￿ ￿ I Sept8mb8r 2023 154,047 158246 Ftsnd balart¢•s at 31 August2O24 184.306 154.IM7 Thg slaietnort tsffb)ondal aGiMile51ncW&s￿l g8in$¥nd w￿nIsed in th8 y&Ar. Al In(4￿02nd txperditw#derN* frDm conbW¥thfi&es. s￿e￿*￿t of nTh*Klal a¢tfv*l88 al80 compl*È wllh tho wunments for On Ir￿2 expemyrtiye dCfQUrt uthr th nles A¢1 2C*)6. THE ENGINEERING TRUST STATEMEKf OF FINANCIAL ACTIv￿rEs INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR ThTE YEAR ENDED 31 AUGusf2024 fuThJts 2024 2023 Charflabb acl¥Ni8s 26.V21 110 Totsllncomp 43.041 27.117 84.D35 61,452 Tota•ywdlthr• 84.035 61.452 •xpendI￿re10rth* y•wl Nel c4Jlqoln9 rnouru• 140,g441 (34.3351 riet mDvemDnt In funds 14).9941 134.3351 Fund baLorK68 8t 1 Septsrnbaf 3)23 169,56 Fund LwlaThG•s at Jl 2034 128.575 169,509 The staienrntoffinwal ar￿ rBcow4¥ed withe y8ar. Ml incijrne andexpendiNJredE ffarn continuwwa The ststsm¥rt ￿ rinAn¢ffjl actiVil*# Alao wmpll¢• wtth thè req￿r￿entS Ir￿Orr* ard 8c¢tyJni uthgtr tho Compan[esAet2￿6. THE ENGINEERING TRUST BALANCE SHE ASA T 31 AUGUST2024 T¥u¥t 2Q24 2024 a)23 2023 FLYed 16&17 18 162,e07 191.493 160,000 160,0 162.607 191.493 16D,380 160.760 Yr•nl a484ts Dèbtors Cash ai bank and kn IWKI 20&21 231.149 191.106 IYd,224 5.013 8,211 1.4J4 32.4d1 314244 323.330 13224 31875 r4dllgr¥: •rK*yntsf4ltfigth•wMhlno 22&23 1258.3981 1293,3101 14&029) I25,￿) N8t uMr*nl 8ssels 55,846 Totsl ossets185$ vJrr•nt IIWIIIPG 218,453 221.b13 124575 169.569 Cr•diwrs'. 4mounts fallln9 dw alt4rrnore thar• on• yeaw 122fft2n 187,4681 Provlslon kn IlablW8 111.5201 184.3( 154.047 128,ST5 169.569 Incomtfundi Gprwa1 LfLresirfded fittTrJ8 le4,￿$ 154047 128.575 189,589 The Grffipany ￿ enlliknd to thtèXWPlioD reqthremorf wlalned h so¢tbn 477 Ofthecornpan*8A￿ 2006.for yoarended 31 AyJu&2024, allwhan au￿1 hP*t￿ rAthed rA￿Under￿￿on 144 ofthe Cha￿188 Axa2011. dlre¢IoTsadfr￿14Q￿g￿ thÉif rn6p0Thg￿I￿e￿fOr¢Ompty￿9WHh ￿*r?￿U￿*mentsOttho compan￿¥￿￿2{Al8WÉh rwxl I04CCCiUrthD r￿rdS9nd prew¥iion offhU￿￿1 st4t•iients. Th• than￿al stsbm&%&wore apwo%*d by th•Tntstee DkEctors cm 23 May 2025 MrRPknTh Compony RoAfj$iraiion NIX 017I633J THE ENGINEERING TRUST CONSOLIDATED STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2Q23 Ca¥hflowB from oper•Ung 16291 P2,5001 Purdwseof iarvjibkn fix￿ assets Sak ol LgngtlefL¥e¢J 48sets Irwesimenl irKome r¢c*ved 161,65n 48.620 I￿,026} N•t ¢ash utsqd In InYeBflng •￿¥111¢5 111.2581 1*,4861 FlnBndng •cl¥l¥ Paymgnl 154,162} p4rf¢yfv InllTh•ndng •¢UVM•I 154.1621 149,129) 1118.wl Cash and cash at beginnr¥ ol)wr 132.224 251,210 C￿h and &l%h o¢wlv#l•nts ond of >vr 83,0 132.224 THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2924 Ae¢wmingwJkl•¥ Charlty Informitlon The Eng￿￿1n9Tnj%l ts a prf¥at• cconpany lthled tyy gu8raTrtee I￿rp￿¥￿ In En94nd *d Wal0& r*g*1ored offke 1$ 11 Wedgbvood Road. B￿#¥1*r. TrAfotdshlre. OX26 4UL. The final￿al slalemenls beenpiepareil In awdarKo%%llh the grwp'6Memoi8ThJum aTrJ AKklesofAs80claUon Inc4ry>pratsd 14 Marth 1983 ai arn*)ded January 2024. IheCompante5 Ad 2008. FRS 102 rh• Flnanclal R•portlng Stsndard applKabk in the UK aThJ RepukAic oflretand. I'FRS 1021 * the Chairfies SORP"AecwNiro and RepO￿r by ChaT*tes.' swemeth of Recornmended PractiGg ap￿￿le 1gchariU¢$ ppp£lNJ ¥¢courts In aXQTdanGe with ngnclal Reportlng Starvjardappwth In the (IK ar￿ RepubVK of Irela￿ IFRS 1021" leffectiye 1 January ?0191. Statement of FinBnc&qlA¢bwbeA (SOFAlo￿j b8iw¢g 3heBlGDFwl￿a1p ￿rin￿l￿4 8talernentsollhe Iw¥t and it5 subs1d￿ty thdertakirKJ. TJ* re5utsoftha &A)5thry are ¢DnsoUdateLI on 8 line byllne ￿ts18. The Injsl L4aqualtySng eniityfortho purpose8 OIFRS 102, belrg 3 tnernLErof a groupsvhEre Ihe paienl of Ihalgreup pr¢pare8 publrty #vallablecDnsdthled fin0nc￿lst#lamD b￿￿fits. 1.13 R•tirsry*rit b•r*fils Payments w defined rettsemEm ben¢ft ¥¢kne5 Br• chjryed as an expenw a5 thByfall ¢ue. 13- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED} FOR THE YEAR ENDED 31 AUGUST 2024 A¢00￿11￿9 P￿1￿?& IConlnu•dl 1.14 Leaves L￿W&r• ¢iassNkd¥sfinance kssa¥whenwerlhA tsrtr*ofthe trdnsfgrGub9tsThtsallyall lh& rbk6 rewards ofoYKwJ5hlp ttr thp Auother kaae88r8 8swTrting ￿888$. As¥?iB held undor fir&its ro¢ognL80d2sa¥ets al thè bwerofthe •￿tsf￿r valve 81 hdate ol •ThY pres¢N ￿lu& ofthe minimum lesse payments. The related trabifrty L*ln￿Vded pn kne b&Pa￿e sheet a$ 8 finance Ipasè ¢bligEllon. Lsaag paymenLq aro tTraled a$(xni*lny of caplla 8nd Intereab￿mtnts. Thp Intetegt i$¢harggd lo not thGthnellexp2ndlluig1 for￿ yearwasty prDthe o ¢¢nstatrt pewt r8*olintere¥ion remai￿￿9 t•l8n(* of RenlaispaYa￿è unthr ¢peraln9 lèaees. ￿udbv￿0nyr88S8 receh*d. arechawy as an expew OD Siralqhl lih8 Lsverlhw Iwrn Llthe knaw. 1.15 FOr•￿n ¢x¢W• Trartsadvjrs kncurren￿ts ttherIhanp￿r￿ltystsr￿pSrOloÈQrdOd 81 th8 f8ies of•xch8nge prdYall*• aithe dalès of the tr*￿a￿￿o￿. Al eaGh rewrbro erKS date. rnorwtsry asEets£￿ l¥bIlit￿S1haI a￿ denominated in fore￿n GUT[en￿￿5 are retransL¥tsd at ￿ r81tss prevaSltry on th8 reportirHJ •nd (faia. G￿nS And h)£ses ari&ng on in peri4 are lTr*ded In ihe¥ts*rf*ThtoffThin¢lal￿d￿tss. 1.10 G•¥•rnmEni qi•nts Cranls Alè ¥¢¢•unled for on a recew ￿$1$. Grantsfor(*pllal kms ryedfted lo the cosi Dfth6 fixed asseL CIlUc* aC¢tyj￿￿g andludL*ff*Jib In the applI¢*￿n Ofthe grgup'$ ac￿￿ntIng pc4ths, th¢tr￿tee dlrectors orp requlred lo make luO9emerts. e8tknal95 Bnd assufflpt￿s aboul ￿¢￿rryIng of0￿￿ and I￿1111•5 thglare nol read41y apparent froffl olher sources Thè étstimalesand associated a￿Ur￿p￿Dns are ba*d on h￿￿0r￿Al txpErierKe and Dtherlactorslh81 are con5haered to b8 tolevanl. Aci￿1 resulls mByd¥fetfrLYn th¥e e¥brnaies. The e51imaw$ a￿j Lpndwlyiffj as5umptbns ats re￿Wied gn 8n ong￿9 basis. Rebigons lo accoun￿n9 esllffla￿S *re n￿d In Ihe ptrricd in Ihtr estimai4 whw¢ tho rty￿vJn atfec4¥ only Ihat perbd. or ￿ thè period of the revis￿n and fLrturè penodsw4htsrÈ rethon aTfects both ¢LrnI ar￿ fwure perbd The ¢olhwlrKJjudgwnents havo bBea rn*• prLKes5 of3Ppty￿g ￿ abo¥ea￿¥unty￿ mgsiEsthat have had th most siw￿C￿nI effect on amounL8 re¢ogn1sed Infv fth1rt￿Gt•1effl￿.. rr Tumov TwnovtrLg reccw&ed Ihe iwainkno i5d2lver&llosLthrts. rnl payment l¥ Fec41¥ed. -TaTrJde fixed aeao13 Dgpreclation Is wa￿ded In ordArta Wite off 48tel Lsyer ltsestknated lffe ¢x. ifhakl under a flnance lès&e, ver the kp¥e tem), %YhKhevBr ￿ the ￿Ortor, Thg actY81 IiY85 of t￿￿9 assets are Eyrewtd amually m3y vary de￿￿Jing on a number of Irs assessing assei nyes, factors $u¢h aÈ Irf& Gyde$ and fflalntenance pioorammes re tsk*n Itrto aGwuDL ReGbYual v8lu8 assessrnenl Co￿dp1S 45 thè ￿fe Of a%5ets AThY proieclad dispxal valueg. . FlnatKe le￿ or kna8e In d*lgmiining whAlhw enlerod frllo by ￿ ¢ohpany, tlth&E 85 s ￿$sOr cr lesse8. are OperA￿￿￿ or fiDancs lJases. the di￿Or$ thve assessed Ktslher the Asks and rvard¥ of ha￿ beBn Ironsferrtd the 1¢5sorlo the bsseo ￿ an ￿dI￿d￿01 lease by k8$6 tafls. 14- THE eNGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGusf 2024 Cwlll&il accDunllTrg •sYmw •ndludg•Mts ICartknued> The key8witssoftttimthon uwLrfalnty. - oftsrwjbi 16 fixed assets In d￿erm￿nIng whether ￿￿IGatO￿ Df Impg&rn•Dt of th& ￿mP￿r55￿ ts8d &Èsets, fo¢tors 1*0 into cOrhryi￿ra1iOTr by the diredors S￿lUde tho •¢onomk and whether Ihere expectsd luluE ¢8sh ffihys 10 b8 98ner8tedfron wJch ass*t ChDrfl•bl• oetitAlle#-CoMolld•tv¥ •MI TNgt &JrMw SurMnBr Camp Incomecwnp Incom• Sakn thllr1ab￿ 42.931 28.921 Olhervadkna a¢tlvN1es-Cc￿Mdth1 ￿￿1¢*1￿(*¢41 Unr¢str1¢ futtl 2023 Engweering appr0ntsc88hi￿ •nd Olh¥wJrk4•8td tral￿r 1.437237 1.1Tr).838 I￿￿5 lunds 1,779 t.540 15. THE ENGINEERING TRUST NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Invukneni%- Trtmt Vr*e8irkkd lIn￿trI¢l¢￿ nth funda 2023 Interea reO¥ob Unr•stAct￿ Unres*ithd 2024 2Q23 SpJn*iyshlp and gronl re￿Th 17,755 21,891 22.561 39,646 57.561 Ralslng lund•- Conioltdat•d UnTOgM¢led Unr•&irfct•d 202¥ DIr￿(ret5 rt CA)8t8 167,024 1.216.134 2￿,641 845,269 1.383.158 1.141.910 16- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEKfs ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 chri10￿* atllvtd•ts~Con¥¢41d&tsd 2023 280 13.647 CD5 44h51 45.031 14.027 Sh•w 018UPWrt VJ318 (see note 111 Shllre ofgovoMa￿ wsts1$88 note 111 29,705 9,￿0 37,125 10,3QW) 84,036 61.452 10 ch￿￿bIt¥￿Ith$- Tiiiit )24 lect WJ19 44,651 13.647 45,031 14,027 Sh￿e ofsuppDrtcosts1s8o TrJi8 121 ShorB •f rwÈmance ttL￿ts l*è 121 29.705 37.125 10,300 39.005 61.452 17- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEME￿rs {copinNUED) FOR THE YEAR ENDED 31 AUGUST2024 11 2024 SupwtC05t5 Otyrtrnanc• Stsff *A)Sts DON*¢k81ion and (profit￿o550nd1¥￿￿?l 849.076 849,076 584.7 584762 20.337 72,097 20.337 72.09Y 41244 4#.344 M*k6tinoanrf promthn¢f *ngint8rino In5urtrnce Compuier costs J￿r and tr4vd oxpe+ Sll>*riplior*and 1.538 6.520 4874 .173 5291 5.015 24878 51,Onl 4291 S,Ot5 24,878 51,070 53,87 63,1n 1255 18.061 2,255 18.061 Prlniino. po*ag8. 8ts11orw8nd advert￿￿9 1rr*Dverd￿è VAT Other cosls 14,212 14,212 51.824 80,450 51.824 80.456 45,886 15,400 45. 15.460 Audlt¥d a￿)ur Lggal and f*8 Consulllng fee 22.W7 22.PA>7 21.574 4,D29 23.109 Z1,574 4.029 23.109 24528 26,538 1,168,121 572Y7 1,225.35a 843.982 712 892,894 Trading Charitabk 1.138.416 29,7Q5 47,937 9,2 1,186,3S3 39,OL 6.851 37.125 2&412 10.3 845.269 47,425 1.16Qt21 51,227 1.225.358 843. 48.712 Go¥trTr8n¢s ¢o*s pa￿￿ents to the authw84f £15.1))012023. £9,50016Jra￿Jtt 18¢8 ?b- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS [COP￿INUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Sllpport COÈts-Ynrtt Sur•ortcosts Gov•m•n¢• 2024$upport Gov*))an¢• 20Z3 Premi5eB ￿p￿riSes 1,WJl 1,WJ1 iiry 0th8r¢08t6 1,538 26,623 35.1 35.19C* anda(xtyJnt* 9a00 10.SJII 10.300 29,705 37,125 10.31KI 47.425 Ch*[?b￿ thibes 29,705 9.300 S9,￿ 37.125 10.3C¥) 47.4?5 Go¥ewn?￿aU4ts I￿ p8bWOrt$ 10 tha auditors 41E8,50012029- £5,50DI Iwaudtt fee 13 Tntst•tr Nor•ofthe iTrJ%io8 sjhciors lorAThy p8r5a￿ con￿￿}￿11b iheml r8cd¥ed 8nyI*M￿raIlQ￿ of benefrtsfronthe gro￿O￿[n0 thÈ ye¥l2023", Nill. 14 Employw- ¢•wMdJt•d The 2varaw nx)rthty nL*nbÈr Of¢r￿￿￿e$l0rth0 th¢y￿r 2123 Numbt* Number 2$ 14 The tDJ* had no empbyees ¢wr¥rt Bnd prVvh)￿ yejr. Employmortt ¢o*ts 2023 716.685 66,531 39.539 476, 45,454 26.750 s(￿al 8ecuthy cosis 24,755 548.697 19- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS ICOPfflNUED} FOR THE YEAR ENDED 31 AUGUST 2024 Ery10y￿-¢0n*￿lldal•rt Tn•l IConknu•dl Tr¢ nurntrkr olthmWoyeessYhll5e annu•lremunw8tionwa8 moro Ihw £eo,otr) IB 48 2023 Nwmber Ntsmbér £80.001 Ip £70,0 T￿ort*Up m8kv6paymènis￿a defined pen￿On lortho ben*fft ci11semFty*￿. ThEpen5ion m8tlorthtry&arwa& £39,&3912023.. 2&7601. 16 TanObl•flx6d a$s*ts-C*ThLqfdakd Pl4nt wffjd FthJ••. ￿n0> Tthl Co Al I September2023 Addthns 109.424 101.849 11,561 {48,e201 132.2911 20,343 6.527 234.616 61.657 I￿620) 32.291 At 31 Auousl 2024 152.993 3SA99 5>.161 247.653 D•y•claiion and Irwm*nt Al 1 SeplembÈr 2023 Dep￿lat￿)n chaw In y6¥ 18273 29.099 14.S15 17.326 (7.2931 {19.2241 10.335 2,791 43,123 49.216 .2931 19.224 At J1 A￿u$l 2024 47.3r S.Y24 32,350 .046 car￿n9 wmunt AI 31 Alw 2024 30,175 26.811 162.607 At 31 ALW¥t 2 91,151 90.334 10.W8 191.493 THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 17 T#n9lU•flxèdatstsg19-Tnwt Ffjxture4 fliYDg• & ewipm?nt At 1 Sepwmbpr 2023 7,250 AI 51 Aw$1 2024 7.250 ond lThwkm•rt At 1 S8ptfjnthr2023 DeweciElon thaTg2d kn Ihe year 6,4 At 31 August 2024 8.870 Cnrrylno *A￿U￿1 At 31 Atwi 2 AI 31 ￿LS1 2023 760 18 Flx*l &ssotlnve¥trn￿-TOMi Other In¥esiments C••tor Al I Sqplembw 2tr23 & 31 2024 160,000 Carrylng amount At 31 A￿9￿[2024 ieo.000 A131 ￿￿st 2023 160.0 InveBtmMts In 9￿Shj*S￿s 1f4J,OOQ 160,0(YJ THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEiirs i¢oTrmNUED) FOR THE YEAR ENDED 31 AUGUST 2024 D*t*iL% ofthe 31 Auou* 2024 are IlamBol undwta*lNA Ctsss of $hoM Held D*e¢t Inthre ETrJ*rmg TrustTt4inir Lkn 11 Wedgwwd DelNetyappwerththlps8nd Road. eke8tw. tranu¥J Oxfwl?hlre,OX28 7DY Orthry 100. 2024 Amounts lallng wllhlTr •)ne yew. TrÉde debtorB Oiher detlors Prepayfflonts or*1 inwme 138,062 1D,736 82.351 103,950 10.787 231.149 f8lli*o du• ofter mDrethlln one >w.' Delerrod •s*ll￿ts 261 12,303 Total dtrbtar& 231.149 191.1r DeblOlS-Tntst 2024 Arnwtht•￿Iln9 du•THthln on* y••r'. VAT Pr8pwyowI8 aThJ atUL*d 3.081 5.031 1,434 Cr•ditors: &Thunts fthiino on• y•ar-Crwold•t•d Obllo•Uon6 ￿lOrr￿ar￿ ka¥8s Other tsxAlkJn and s*wlly Tradecredit Oil*r CorporplvJn tBX Ac¢rual¥ and d6feff8d 7,543 19.508 149.682 32,707 317 48.647 16,866 27,72S 148.Q01 19,02e 81,691 THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONfiNUED} FOR THE YEAR ENDED 31 AUGUST 2024 23 Cr•dltor6.' w￿l￿1￿11¥ faifffjo dts¢vJl¢Nn on• y•aT-T￿l Tr*ecrednors 2.196 31,905 6.793 4.175 as(NJ arwnt¥ ¢¥Yed to sub$￿vary ¢nlerlkn9S Ac¢rtwls and deferred 45.029 25.C¢6 Crèdlt+)rÈ: 14Nlno du• aft•rmpr• OD• y•ar. l(qatknns ￿lj￿rin￿rKe I•￿e8 22,627 $7,466 25 Wkhin ¢n¢ yeBr Wkhln and 7.S43 22,627 67.466 30,17D 81.332 Taxaiion D￿erTa¥ t4X The folbwry a￿l￿e rn8￿r def8rr8d lax lablit*8 and awls, rfjoyiwJ by the group mty8merfs thprKffl'. Grtyjp (40,5SII 29.03T 147fft3) T¥x bg$8s¢arrted loN￿rd.￿al 111.5201 12,203 r*f8r*d tax Assets and l￿bIllIeS are 0t(5vlvrt￿1O group has a hgalty8nrotc6ab￿ Wtot*) $0. Lq Ihe atsly5isof the d￿?1Tqd tsx bal8nco8 lan•relfa•tlfor rinBfflc￿p reporung PU .23. THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED} FOR THE YEAR ENDED Jf AUGUST 2024 IC+*thye41 Tax&iiu Movements on d¢f•ffqd tax Atteleratad ￿ptta1 alk)wanc Tu IDSSUS Lxrnild forwèfd 14Q,5571 29.037 U8￿lity al 31 Augu512tr24 111,5201 An•ly¥l$ of th•ts¥ chil9￿1¢re￿ trx thargel(crodllltJ) 2023 t8X 317 Dgforrsd lax 23.823 112.3031 T•x On 24.140 112.3031 UKCorrMyatkn tax charg¢ h&¥ bven tjxed al 1WA. 27 Op•ratlng le&￿￿*m11￿1n1¥ Al rewtiry end dale Ihp 9roDp had ftyfthwe mbjthwn k88e psym￿S undBi non- ca￿el￿b￿ operBElw leawts. whKh fal du6 asfollw¥'. 2024 Wlhln >tar Betrween and fve years In over fi¥0 y8*s 49,87$ 109,714 1￿4￿3 $4.189 140,894 324.415 195.083 -24- THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR THE YEAR ENOED 31 AUGUST2024 RolBtsd p•rtYtr•rn￿8 no the ye4r the INst¥e¢eived lfftxjme thEfoMowkng com￿nIes hi som of tn*te￿ Iwe an intere<'_ N8¥tvth Rad8rLlmlled.£N￿{202j.. £1.016} High Spec Conw&ts$ Ltd- £3512023.. £254 Duthg IhF y0arEngin￿￿n9YrLWlTfalfft￿g L¥ntt¢d •ndlor I•XPOlldttur•llromlwlh foll(￿n9 c0rnpsn￿g x¥neoflhe ¢ryJ*ees havean INeresi'.- Navtech FladBr Llmtted- kncomB E5.22712023.. £S,4701 Grow TralnlNJw¥J 0￿*bpment Um*8d- thLY)fft £NI12023.. £4Q0551- EX￿r￿ttLTr £INIll12Q23.' U80.31311. d￿*￿10} IFp ptoverAirnpJn*s 88¥1 w¥e a$ Wovit. Na￿kn Radar Lkniied- £Nil12023.. E2.7001 Group Tmlthg and O•v•bwert lth￿- £23,61912tr21. £12161911 ThEWOUP has takw 8dv¥t&a9v of tr0ex0m￿l¢r* by FRS 102 Se(4h* 33. Th)1 to dix&se trBn23dtins 8nd ouigts￿djnq baL￿S￿lI￿ E￿*￿￿n9T1u￿ Tr8lnlw Llmii6Ja$ by The En9lr)Eedn9 Tru*. 29 The ErvairLeerfrffj Tru￿￿8& ¢onwny limknj byouarante& Inthe each mÈThteT l& ll8L* 10 conthrrtrtg n(l•x¢*lhg £20 flhW¢I• ad8fid8ncy ofas8thS. 311 ¢••h 9thi•rai•d from Opèrauw￿-C•fv1Q1dthd 23 YpIu51(Deficlilforll* >wr SD,259 14,1991 Taxakn rJsdil• Investrnenl in￿rne in stJtemorforrinsnd81 advi (G41n￿O&S on dlwosal of langitle Ilxed assei¥ Derywa￿ll ind knw•lmenl priang￿l& fixed o￿t¥ 124.1401 11,7791 1729$) 49.216 112.3031 11,5401 20.71T 14tsvementsinv￿thln9 ca￿tal.. IlrKrfy8seydvuease ID debtors 1KreaS￿l￿Ecre1¥*l In ¢r8thknts 152.3461 125,S¥J61 126.6B81 Cath ab6othd by •pw•Yo 16,291 (22AOOI 31 AnalW6 of thDnges in nvlffiJnd5-C¢Jn501d•t•d Atl Sipi#nb*r 2024 at bank and in 132,224 149.1291 54.162 130,1701 47,892 149,1291 54.162 52,925