BrooklaThJs Mu8eurn Trust Limited
Brooklands Museum Tntst Umited
IA Compary Umited by Guaranteel
Report and fi￿ncIal Ststemeits .
Year Ended 31° December 2024
Charfty Numljer. 296661
Company Number. 2109945
Iiiwiiiii
'AESX89RD'
OW0712025
CCXIPANIES HOUSE
A12
.P888 1 of36

Bro￿larth Mu8eum TrustLirnfted
li
1&19
sixtth*htof FlftaNAal Ptssthjn
. 2>35
P8g82 of35

BTookiands MuseurnTrust Limited
Slatement from the Chalrnkin
It is a pleasu￿ to wrotè r*w fust Chairnun's rw¢ h&ing been appointed last July. Brooklands is a vwy
special place with so mJryfKets¥Jhich delght us al aswe revel In Jts pas¢ pre5Wt and futw
Sometime5 we foryet what a unique pts(e thi5 i* Mt Iu5t lil tr45 Count￿ but anylhwe tn the worfd. We
aloné ran boast that we were theworfrfs l*st purpose twjllt banked rackng tar ciwruil and that more aewjanes
wer? produced herethan any*hereeL%eln Eurw.Add in that thls iswt*fe t￿ fir5tBritishGrand Prixtook place
In 1926 and where the WeNIn0￿ b)mber and CorKorde fuselay TAwe.C￿5￿U(ted. aThl the Spine begln5 to
til￿e. And that 15 before we bew'n to (￿sIder ow extr4wdiriaryT StratoWere (hambèr. toyther *ith Bame5
Walli< bwr¢tsig bon* and other in¥enth)rs that he **¥eloped Nor Ca￿d atyl￿t fail to bt imprèssèd by.
ouramuii8 d1￿￿of￿r$4nd èeroplanesthat conithue to astound.t¥to ￿ delightsd bythe 8u5 M￿￿1m that
one 01.￿rIe￿5 W t(MMi%t altrdclh)r& FffjiD 26 public ￿nts to talks and has￿ality. we are a ￿ '
place.
A5 for the luture. last year ICM) rnechanks TKre trained'.by Ouf partne￿ the Herltage Sknlls Academi, we
hosted.ty4ef. 41>) S￿dents in 4yJr Bnxjkfands Inn¢Yatlon AL3deiTry and were bTslted by IS,(#)O xthool
childr•n. We opened an *>Jtdotr pl•mind and weka￿￿ the erooklaThls Alr Cadets back to their sptritual
trMYrte. We realty are MNesttn8 In ourcuknAI fu￿1￿.
We managed thts a h•thrkI￿ dedK•trd ftwn•eement tèam. 94pLvt•d by 770 s¥fie5S T4olwrteer>
and (wer 7,IMXJ Brookland5 members. I great trilKrte In parlbJ¥ w our CEO. Atex Patterson. and thank al
ourvolunte¢rs from the botrom of heart.
Oufw￿derful supwtwSa￿ tskifyd us ontythe nÈrtSts8e ofour jour￿. We benefftfrryn corporatr sponsors.
Her0t￿ Lottery Fund and ottr*rerdnts, and ourPioneerBroup of ￿￿elDUS rndNidual$7*those numbers are up a
thlrd overthe p3St year. Nor do l under-eqlA*e the en¢*Jrin8 8oodMI1 atwj 9JPPWt of ow nel8hbour5 and the
Thlder com1n￿Lty. I￿t￿th l am ￿ry￿aref￿.
Last year mark£d a financial ￿ Ch￿ ftw the better. We alrn to bulld on that thls tftar. and nemt year we can
loJk.forward to the M25 IA3 interchary finalty Wng c(wnpleted and to Twwrq8oodbyeto ￿rcrA￿d erd loan.
..A brlght new beckns that we ￿71 yasp optimism and both hands.
Finally. I would like to pay the wzrniest of personal tribjtes to my predecesw. Slr Ge￿d Acher for all the
￿M{￿able achievements of hh nine yeats of sÈr¥itè: we are thr*ed you tRcome our P￿Ident. I was
del*hted to wekome OorninitAnghileri arnl Maftin GwwKe to the 8o¥d of Trustees and thank Randy Sessons
and Gr*am Chi5Thall t*tho both reltred the year lor tr*ir ¥alued contribut10r￿ Heartlelt tiianks art also
e to all my otherfElbw Trustees and to our CoDyany Se£retary.Jarnes Thome. Thank all Ntry n￿Ch.
Mark Seligman D
Chairman
>J0619S
Pap3of35

BrookiarKls Musaum Trust LKnited
2024 marked an ImwJrt*rt 51Mft 8rDokl8nds Musl￿rn fdb)VA￿ • chaUvqi¥ frw tfftars of W-pandernlc
recovery. We havt experI￿Ced inueasedgrowth in Tffjiior nurnbew5. driven l•ryely tythe strenoh ofoui events
progrnmme, malin¢ thi5 our most S￿et$Sfvl year 2019. The sttff worknl hard throu8hout the year
dtli¥er on key 8ro*th tsryets. suppNted blf MfantsS¥¢*￿UIiteei5. This is refiéaed In the o¥erall n¢Jmbers for
2024 - 10% el0￿ in footfall and 12% 8fD¥bth in tatsi incomt. whlth dell¥tred • É127.280 surplus before
deprrfiaTh)n. Muth of this came from wr pwrnmm4 Tlthlth wa5 well ￿r￿ed and saw an
Imwessr¥e Increaseof35%comp¥ed to the ￿•1.
The results achleved In 2024. wTh*lea 5alkl tsjwthiion ftYV*opeRtlon: ho*Y¥erthere is 5ttll sknficant work ' .
.to do. Gintinued d￿eTht arml of the Museum's wothJtL woyamme delivery and
enhancementto sfjte, isnece5Sèryt09JPPOrt mediuffl-remi gnmth in%isltaDon aDdaw¢iated irthmellnes.Thls
work will coniiThJe 2025, with a fr￿5 on witspped 8rty*th marknt% INfudlng Grc+ups, and fvrther
developlng ourE¥ents wo8raffl￿.
Hl8hUgl*s of 2024 iriduded the of the 50th annfvew of Golf. the first passerwxer airuaft to
tary lol people at Mach 2, m*l*d ￿ a our Rffjql P•tron, HRH PrIn￿ MKhael of Kent. In Ocfr*er.
the slte hostÈd an eAtraordlnary e¥enL estab1lsh1r￿ dirertcontsctw(th thelntemational Spaceslatst￿ as part of
4)vr STEM engagement programme. One hUl￿Ted Gwl Guide5 aryj Brownies p)ir*d us. along with HRH. The
Outhess of Edlnburth. In her fDle as Patron of Girl to partiapaie In a ¢xKe kn a lifetime opportunltyto
speak to an asvonaut. These rnoments thrvuelKVJt the year have proAed an opportunity to cele&#e our
en8ineeriTha heritage, as well as positionin¥ the Museum to be forward attrac￿n ard a cataP¥st of
Insplrntion- entour*ng the r•t geneva1￿ to thiffik ats0￿ the luturt. tske 1ftiftai￿ and be arnbloous. Thls
atthebwy heartof who ory4thtlon and • th•iity.
year was atso marw tri 4 in Charrnarn with Selwn recebviry the baton of5er¥lce from Slr
Gerèld kher who stood down ifi ju￿ 2024, fotlowln¢ his.fv11 temi In role. I would l*e to tske the
opportuntty to thank both 55rGu*"and Mathforthwrsupwtoverihe lasE.yw. IlonB wlth the Tyuths. Thelr
athiKe has hdped shaped our direction to ensiire ¥ft are Mawrni5w￿O￿ OPP￿UnItSés and be￿￿ the ￿$( W*
tan bE. I would also Ilke ID thank the staff fur their hard work and tlreless.deLlcation. l arn IDrtunate to ha*i
passionats and dedicated team, all ofwl¥Jm plw thetr p•rt ￿ ddi¥erkn8 a successful 2024.
Ixlo6lAs
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BrooklaThls Museum Trusl Limlted
In 2024. a re¥lew olth• prevh)ussi**th•AaslerPkn tAmScond￿Ied. Tlwsprovkjed anopporturAtytorea55ess
the plan vAth a fresh pernwtO¥e and eval￿ Its guldN￿ Pri￿1P￿..￿hich d￿d artd impfi￿d in*ear.
particularty hi8h-volume e¥ents. The Objecti¥￿ established in the prAv5ou5 plan were deterrrthned to
still be r*vant and meet the 0fthetygaTh￿tth as It developk Thefi¥* oble¢ti¥es are:
11 Realist (wjr?￿5IO￿~ utilisng BrooW*d< hisknyand legaLytodell¥eracii¥ilit5 and experrence5 that are
inspiraknal. engaging and mats relEv4nt.
21 thateaflnanclaltyrtsllientbusir*ss-th6*ffi)otra•and asS(th￿ th￿ne￿r￿￿tIonVV￿h i10r￿stdt.
the dpm5h*aUon of *Kome styeaff￿t0 mamlmlse poteniial of our lyand. colledlon and slte.
' 31 Con5erye aThl m*rtaln 8rookl•nd¥ Iw*•¢e assets- in the hlstoric estatear#l collectfjonto
ensure Its lory.term pruerVatK￿.
41 To be accessible for •M - U11￿$e the rith breadth dlverse htstory •nd people to ¢rn•
experiences that refiea target audiwK¢s and needs. swporting k￿l-terrn thltor all￿ed
with our rna￿g strate
Sl lrnprole envwonmentsl swralnab*Tr - IkYrtsth*ni In 4wraded ser¥lw kn Wnprove the $61e's
en¥irOnTh￿¢a1 sustain4bllity wpprytthe reduckn In lorff.term runniw ￿$
' Ttr*st obleciives aR embedded in the t)rgaftisatkm's PknnI￿ arrn55 al TiAKk 5tream5. ensuring incrementsl
imwo4*ments support our long-temi ¢oa15 of fina￿la1 9JstsThblityand fesilierte. Aswe develop our ￿*￿eSS
plan for the coming yea￿, these t)bfv(lh￿ urthlerpin tNs ertsurry rarzets and outwts ¢omplimw
n8.terrn site de¥eiopment as r*w in￿#Me￿(￿ojrs In the firtur&
Fwdr•151
ftAlowrnga successfvl Nattonal LotteryHerit4e FuThl appuuttonand Fundrnisin8fte¥iew published by Maqdalen
FIs￿r in 2023, a rthf Oire£tor of D￿lOpment *75 awointed in 2024. Thls was the first Step In the
delI￿rInton ourfundrdisirq 51Trtffjy. Immediate prngrw wa5made ffieetfj￿th* rtquirements ofthe twwear
Lottery pmje¢ Indudn¢ trndulng for a ne* furth6sin8 and membership CAM. xa1[￿-UP membership
prC￿Se5 to allowfor8rowth¢re•il￿a fimdtrqStra￿to$up￿jrt¢1Pits1 d￿¢1)Pment pL•AS. and ateam ski115
audit.
We strengthened rtlaknshlps wlth (wJrdon(w5. hty[dI￿ our Plonèws dinnw atthe Perthxla Hotel In
Octaber. Corporate 5UPP(xters enga￿1 that the autumn Brnklands Innordtton Academy wa5 fully
fvnded. In December. new taptw machine5 were intslltd atrDSS the museum *te. At year furylFa15ed
trtcome Sbjod at£380.896 lup 13% In 20231 and at £230.236 lup 171% on 2023
1rt2024.our rnembefshlps read*d 7,130. I￿6 new mernbersjoinkng durrythe￿ar. Subscrlptlon revenue
amounted to £712.426 lup 29% on 20231. An additsnal £39.131 wa5 gener*￿ frDrn Meffl>ership Committee
athitles in(1￿11n8 tslk5, outreath the anriual dinner. The Mwnljers c￿nmIttee wovlded fvrther support In
wunnini the Members EntArKe on d•y5 and contert Ax BM.t
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Brooklands Mu8wm Trust Limited
i•arnI￿ and
Jr fum41 learn￿ progrdmme a ￿cLE5￿ul y with 8ro**h of 3% on 2023 equthg to 14,627 5th001
pup￿$. The f￿u5 on STEM. linked to o¥ffl enginEerI￿leYQV. Is enakn8 fftine peopleto gain an experience
and ur￿e￿tsndi￿ of C￿e subjects of the dasyoryn in the ImMw5f￿ environment of trooklands
Museum. We are 8rntefvl to the Walton Charity who conilnue part fvnd this pr¢>gRmme.
Our partnership vith 8wme Educatk>n Trust cOn￿nueS to grvw in ￿re￿h. enabllng the MUseu￿S leafnine
team to engage wlth students in different w￿. ￿ the heart ol this parinethp is tht Bmokland5 Innovation .
Lademy progwarnrne. In 2024. we hosted the twent frjf the thwd consecub¥e year. attTraing stron8 business
5UPPOrtfrom acr0555urrey and en8a8ed ¢rM4LXlSh￿e￿ts0n the day. Our Patron. HAH Prince Mithael of
Keot, attended the event and obseryed fitst-hahd th*st￿lents ukinap•rt in STEM themed *YJrkshops and tslks.
Our conllnued ¢ollabofatlon with the 36) De8ree Society ha5 thi5 pnyamrne to Increa* In vlsiblllty.
. firmty mJklnK ￿ i key fature In the sthools(al•idar.
Thn)u41￿t 2024. the Museum ¢onifjNed to #iat¥lt* xoulre artefacts thai represert the true spfjrft of
Innovation and erKtea¥wr. A t<rtal ot 18 item5 were taken inth the Mu5eum'5 ffjlledim One notsble Collection
t*as flieht n*moratsllia from the 1920 (S￿￿1 Il*ht froffl 8rookl•r#*s fo south Afrka In a Vl¢ker5 Vry.
kncbjding pe1$￿al Mte5 and glass rTreDtr4es.
The Collecbon and Herlrage Englneerlng teaff& had • bUSy￿ar. I￿￿On Imwothg 5tOW3ge condition5 for
collecth¢ms. overhaullngour r>JiationCorn￿knn¢e for histowic objects and undertakin8tsrueted works on out%de
exhiblts. Indudl￿the alrcrnft
In the Napler ftallton was inbknl to •ttend the centenaryof the Openi￿ of the Montlhery cycuit on the
outsklrts of Par15. Th15 opptr<￿Ity was madt poss*le throLqh the ¢enemus sponsorsh* of Loft8StMe Ty￿.
The ur • number of14ps thrtyj8hQ￿ the weekend and was ￿￿TSee￿ by Allan Winn and Da￿d Morrlson. A
month later. the 14awer R•lton also attended Goodthwtts Festival of Speed on In¥ltation of HisGTr￿. the Duke
ol Rlchmond.
The first lull year of tlte matkn￿ Lottery FurKled Br￿k11ndS Storkn Uncovered kroiert has been
Fxoductfve.The prolettlsexp1orin8hi&J￿ htstritsofW￿k7dndspe￿It, iafyOr*thwaynrNnities- LGB
euf0drvercentandyoung￿pIefroMdIsad￿ftt8yd backyound5. Thts is all￿vAS￿$t￿d￿vo￿tThe5e storie5,
knttyail￿th•￿ Inio futyre Intewetats￿ and •rthblwi¥ the Miwmto be more rewesentath and r¢levanL
The tearn have community gmups to supm thi5 worK receivh¥ iryJut and support into new
starch,which15 bullding a rKh •cture of 8r¢thJand¢ hlstory.thw2o.lj￿ people have been ￿ched Sofar￿a
onsite actfrlty and artfdes in the Bmoklands Bdletin. As the projèct into hs year. we are taktng
the opportunity to tyjild in inclusi¥lty training for staff ar#J %dunteers. de¥elop and athvnles that
supmour iwn of broadenirqacw•nsJ a￿dth￿ to 8rookland5Museu
E514teupke4•MI .
The BrookJaThls Museum estatè 1$ 324Lxes *NI consists of a Sthe¢krled Monument and over bLthdlTr
and stnicture5. irKI￿lIng Grade li" Ii*ed and ¢Th Grade11 Usted 1wikji￿% Theconditionof thesevary and
Ylthile an incremerrtal appnth io maintenanrt and iepair Is taken. ihere is an underlining historic backlog of
maintenance. Afull gte Mana8eff*rt malit￿arKe Plan wa5 coinrni5sioned in 2024to wovlde a basdine acrD55
Page 6 of35

Brookland$ Mu¥eumTrust Limited
011 bullt a55ets. Whllt thtrt b a signrftcant ontroff capitsl in%*strnent required across the estats. are 8alnlne
a better wderstandin8 of the 5iiuation. puttTrThg in ￿ace a repair and Pre¥￿ts￿ woy3mme to manage thi5.
Lonqer.term ¢2pital im*stment wll need to be h￿draised for and ￿(L￿PO￿ted into future de¥eboprr*
proiert& However. there ts afw3ys the risk of somethine unexpEcted ocoJrrinqth•t requires malorexpendhure. .
Therefore, the Thmedlate drive to buNd a sound financial poslthft is to engjre availability ot funds to deal
with unplani)ed rnainlenance.
Irt 2024. a 5ubskntial Irwe5tment was made lo • sittrT*idt firn alarm syth?. AM ￿1￿lIng5 a￿ now
C￿ered ty an addresgble ma**ii llre deted1￿ mort effecdve and *UardI￿ our he"rttsge and
people.
In 2024. Marknkni effort5 ¥Me refixused to implement the strate•es tyjtlined in the 2023 rtvlow. Taryefi
was slreamfined and sthwlifted Irj concentr*e on two key math..
11 Enthusiastsand
11 mirket wSthln an hour and a halfdii¥eof 8mOkI*￿ %kneum
Cre•tfve assets starKh￿I$￿d to enAre c(h75thy and taryted. to enable m*¢imwn benefft
from spend, paniculady acros5 di8fjtal pfathnns. The success of 2024,5 8rrywth in evwts Is Ilnked dlrertly to
dea￿r, wdl thrMJght-ouL markaiw camp•i8n. Lessfyu been knrnt the year and will be
imptemented for 202S.
The long4erni Inlvtment rn awarnr*ss ompays WMI be a￿la1 to enable a ste•dy 8rty•rth in nonve¥ont
ts￿on. As the strategy t￿l¥t$. it wlll be irnpL¥tsnt ID 0￿1￿n￿e the corrert level of inlthnt to keep th*
erooklands Muse￿￿ brnnd and mess¥e Maki￿ u5thè desisnalknn of ctioKe in Surrev.
2024 has been oneof our m05t successful yearsfore4ents. The aftdquallty of the 26 e¥tnts overtheyear
has delfvued an impressfvegrowlh of35%on 2023. welcomi￿0￿116(￿l¥￿Slt￿. ThiS￿h hasbeen dri%en
the In rnarkew strètw. improved prf4rarnm1￿ plannlTha and de￿rry ofthe ebents. Evems are a
C<ITe I￿on* St￿•M for BwDoklands Museum and athtiiional resour￿ is bewy invested inthe team to en9Jre we .
continue to de￿loP and 8row In futu￿ )taY&
We successfvlty secured sponsorship fur.Ameriran aftd Mu5tsry Ihy thrw8h partr*ershys wtth Pure
Mlchlgan and vI￿t DetrolL CoUabOraifj￿ with our sponso￿. TAE We￿ able to 5h¢yKa5e a rany ofopportunities
throu8hout the year throu8h shared link5 of ffl0torl￿ heritage. In Juty, the Lieutenant-Governor for
. Michl8an. Garlin SlthrtsL ￿$tIed wSth a deleg*￿)￿ to expbjre Brfy)klands Musewn and to find out rn0￿ about
our STEM programme and the hisw cl 8r00￿ands.
IrNestrnent in the ¥i5itor experience Twas foC￿d on a new •iatioft themed Play8FDurKI. lorated oppog
de. This Is an IMP￿￿nt step In upWat&￿ fad11￿￿t0 support our dri¥et¢ the Fwnily Market.
Thè Shell Pa8oda in the Inner Paddock was relurtmshed and tr￿n￿￿èd into a tI￿ned secondary reta41 c4rtlet
onslte. This operates On E¥ent dtys and hol#lay5 to maKlm15e ￿t*￿tIal spend on h￿h vohjme days.
Page 7 of35

BrookLands Museum Trust Limited
Ow ¥O￿Ateering woyamme contir•Jes to be a cort 51m%th of8rooklands Museums0peR￿. In 2024, thNe
wasa tota1of770attv￿w￿rtte¢fs, wthKh Ind￿leS 97 new recruits. Volunteers supporta broad r4n8e of acU¥4ty .
fmtsed in48team5. From w￿l10t Expefiencestewardstoba¢kofhousefvnctlon5th* rnrysfrofflestate upkeep
to Mafjntairri￿ tr* coleaSon a total of 105,127 h￿IS of supp¢yt w•$ I￿ged in 2024. This ha5 enabled us to
dertake a'huge amourt01a￿ throu8htyJtthe ytarto delrbtr our tharttable objecdves. The strength of
OUfVdunteercon￿UnIty isone that *oakJands Museum15 PrO￿ALlar￿1 Ss a assettOQUf operafjon. Aseroes
of recogn￿Oft events WWE carr*d out thrnughovt the year. incI￿￿n8 CEO Coffeé Mtynin8s and Long Serylce
Award5.
The siatementof finanaala¢15TAbe5fof 2024 shows an wJ)YaropwaWsurphJsof £127,280 befo￿ dewecsalS0n.
' Tht d*preciation was E309.77S. an unresrrfjtt￿ operadng defidt of £181495. This was an
imsYo¥ernentof£456.933 compared to 2023.
.Wh51e ￿sh re5er¥ts are adequzte. cakn ￿ s￿11 affected ty the iong.term C81LS Loan repayfflent with ftnal
payment in AuAust 2026. The VEarond ¢ashtlow a)n￿ue to be irnpxted by this urtil the loan has
been clea￿d and annual 5wpluses can be fulty realised. We r*main confident in adMewn8 this
aThJ movingthe ory*isatlon lrto a firwKS•l pos10￿ thereafter".
The sttcess ofthe 2024 events season td•ed a iffttsl rnle kn the fwdal ImprThYnent ofthe operavon. There
E a150 r￿lICeable in * rnnge of arEa& includine Grft Aid con¥er5vJn rates. on the
day sales. The SEE f*ketsystem inwlemented in 2023 has enabled 8te•terllexbUltyof Selling Gift tickets on
évent days arKI having the w￿e ￿ar on salt at onc*.
Therddir¥5ubgdlary. BrooWand$ lin*te￿ performed better In 2024. WhIlev￿lI Incomems £I￿95.5015%
)wer in 2023. It turned a wolh ot £391.954 t>efore <kprecialb)n arxl rna1a8en￿nt thar8e5. Thts an
impro*ment of £162,338 compartd to Z023. cost ￿NtrOl me•sure4 smarter and bttter use
of core staff enabled the opemion to dell¥er a strorw corrtfibutiw conyared to last year. Work continues
across tetail. c4terin& hosmality and *naiure to •iSU￿ we ¢aMalise on ow assets and become m¢xe
¢oinmEraalto Y￿rat•the ad(lts)n•l surplusesto Iffl￿ the th*rall financial posltion of the ryn1￿10n.
The Sénior Lead*5hip Te4m rontinué b) use the grtr•th assumplK)ns ID the 2023 8rfj#an MrGnth
8usine59 Review feport as a benchrn*k to 5UPW1 rnedium terrn plannln8. Recwlsjrrf OrNestM￿ Is requlred
to ddve the necessaryfoottall and a$S￿lIted yty*th. the Leadership Team hwe Id￿￿fied * 4reas to
.facu5 on Sn 2025. These indude develo&Yng the and frn%tl Trnde markel fUrt￿r enhan¢tments to t
everts progrdmme. 3 step change in holldty to attract the farn4￿ market ¢knln8 peik season and
the delw¥of a nèw rnobiltrlri•)dlyT**tsite. These areasfAtIII fwther¢oAsolidate the ftnanctal pertormance of
2024. bu11th￿3 varied (tsth* (**fStoourcore markets in 1025 and bwnd.
Prtn*al ltsk3*d UAortahrfles
TheAurfit * Risk C(Knmiitee tsa sub<ommittee of the 8oard ofTru5tee5.The cornrnittee hastwts independe
rnembE￿. A rtsk reeisttt has been cvmpiled ￿ the Executive team and ts reYiv*ed annually * the commlttee.
and then by the Trustees. The most si8nifi¢antYisks are di5CU55ed. and mitsgatsn rtrategles are re￿¢wed. The
current areas of mipjr potentjal rf5k5 to the Trust h44t been Identhed as the Mwum's ¢x4oln8 finandal .
re¥lience and the maintenance of thea8eing site thfrnstru¢trJfe and est*
rinanciol resilience-This remains 4 primary ri5kfor 61r#)k￿nds Museum. the (onllnued rep￿rnent ofthe
CBILS loan, due to mmplete 2026. the Museu￿$ ￿r¥e$ pttd to be ￿111 up. PerfDrrnarKe ￿ 2024 has
Page 8 of.35

Brooklands Musewn Trust Limited
dernonstrated the Museum's abllity to operfe mwe efficien￿VI hv*ever Tnstees ￿¢08n1$e that this will take .
time. Until the Museum has ￿b￿lt rese￿5 and fvrther Improved performance across all tts cammeruol
actlvities, tt remains Vulnern￿e. Inuement41 In￿Strnent in w•JucL fvrther •npr(wem•)t to ftnancial
manalement and reporting. and erowlng lundrai5ed income are ktyto en￿re the long-tefm finaKial mblllty
. ofthemUseu￿ The operétitin rernaiAS susceptibleto e*temalfactors Indudin8eKty*meweather and Con￿n￿ed
dlsnjpbon of ma￿r tfaffic on the M25 JIO. due to rorn*te Swing 2026. Ever conscb)us of these
ch•llen6es. mitS8•tron m￿S￿e5 are th place to manaee cost rf inrome tsreets a￿ mrssed. Improved bud8etin8
processes. re8ularfe¥iew ofperfommnte arml cash flNTata twrd SEniar leadetship enable pwacdve
decision makln&
eststs remains a fisk th* could impact opeTrt*)n of 8rr¥iklands Museum as a ¥i5itr¥r attrjciltsn and
comme￿141 venue. An upgraded sitewide fi￿ alami system in 2024 ha$ gone some way to ensu￿ better
otectlon of t￿￿tasset￿ Howev2r.thè obprall condition of buitt a5setsand the backlogof historic fflaintenantt
is a continwl chaKen8e. Capitsl IrhYest￿￿t is ftecessary to re* these jwes: h￿￿¥¢r, Trnstees recrqfiise
thts ¢anft￿ t* adueved quf&ty. The Sumor Lezder5hip team are working on a fivtryear de¥do￿ent
proernmmethat why startto address this hty*￿eT iTrrtrtmentwriH needto be thJThJTrised for. In thé intorim.
tarytted reactlve malntenance pro8fdrtHne5 are in pSacè to deal with high-ri5k tssuts to stsblise them. An
emeryency rnairtenarKe continynry of £50.(NJO was recomme1￿d ￿ Trustees to be induded in the annual
' P&L ￿￿￿etfor X124to ensure resliaye lstwjlltinto deal with unfo￿een issws, h￿e¥eIth1$ was not wuired
to be usèd in yèar. This emewcy rnairtenarKe ￿￿tI￿￿erKY (ontinues lo be butlt into tr* 2025 and 2026
.fore£a5ts. Continued lrnwoven*rt to srle maintenarKe and management C￿e5 ￿111 4150 mitiyte r15
allow5ngtor planned Inte￿entIonS. gradually redu￿ng the rnalntenance liability.
Brooklands Museum's policy istohold rash knds fr*ra var*ty asdesthbed 5Aitsfithds and reser￿5
policy. The Intended luftds fall into thrte broad tategi)ries'.
l. UnwestriL-ted FurKl& prryddinethe operf1r￿ re0s￿d f0rday-tO4￿ funn1￿ of the Museum.
l. De51gnated FwK15. detvrnlned ty the Trusiees time to tkr* lo plm for the Museum's future
needs.. and
J. Restricted Fuft￿ ftstricknl to a speclfic and whlth can onP¥ be ￿Sed for that purpos< for
stsnce as a u>ndrthJn of• ÈML
The des18na￿d fvndsare t#Jilt upfmm YKome that the mus8￿) rtrei¥es, whkh istyjtside the reven￿StreamS
InCI￿led in the opuaone bud8et and is not Restr*ted. Cash swpluw * the el￿ of the financial ytar be
. allocated to desi8nated fvnd& The nature of the desw)ated aod allocated to them be
deternilned a￿1 amended * theTrvstees In acrordance t*ith this poly.
lorinstan￿ donors and fvnd•3.
At pré5ert. the Musewn Maw￿1n$ tt* necessary Cash resrn tty its operntians and dallv
requkements. whkh Indvdes the bank loan obts5ned under the 80%￿Ment.b?¢knd ￿ron¥￿rUS 8u5ine5S
brrterrup￿0n Loans Stherne ICBILSI. We aim to incrementally ￿ld up our reserves as our resources perniit,.
ensurfr4 a balance between the muse￿.5 firture needs ￿th ¢urrert requirements.
The forecast prDitrtions fc¢ 2025 show a ne¥ br*akeb*n p05ikn bèforè dtpreciation. Owationally this 15 an
impro¥emtnt on 2024. dut to higher levels of legaoes rera*d ITr 2024 compared to slgnifiontly lower legacles
forec¥t tsr 2025. Hty•rner ff¢ 15 Im￿rtI￿ rlot to be cThi)pk¢ent and be prepared lor thallenEes that
may tome al0￿ Re8ular monitorin4 of res￿$ 4wsus but*ts wntinues to ￿ cruclal to alhyw mrtyting
measure5 to be implemented rf wwred.
Pag89of36

8rooktarxls Museurn Tru8t Limitrd
The outline torEcast for 2026 a surplw befwe depre¢41ion of ElQ)AK#), thrs will be driven ￿ • 4%
Incfe45ein l&i5itOrnumknsc￿￿n￿edI1V¢¥*menttDVl￿torelp¢r￿andde¥el0pmert0t non.visitor related
business.
TheTry5tees ha¥e tonsldered both ihe r￿￿ed 1025 Sjreast and atilidpated futwelJa<*rythrouth to the end
of 2026. Based on this eW41uad￿. ar¥1 the aY•1ableush rvA>urw into account. they h*4* (ty￿uded that it is
apwipriate to prepattthe fin•nthl stat*ne￿ ￿ a ￿￿8¢0￿Cern ba*.
Brooklaftds Museum jolMd the fvndraisirq Rewl*or ID 2024. frymalt5l￿Our tommltmerrt to compty
vAth the Code ofFundrai￿n8 Practre. AIL fvnthisersarp requryl todemnstrate an undertanding of the Code
and makea ctynmrtmentto uphdd rtsvaluesT*thentheypin the•￿5￿M.wedon0tuse￿iId partyfundrdfjser5.
No cornplzints vltre receNoJ On relakn to Fundraisin&
We are ? mttnber ofFwTrdrnisirrf ￿e￿Ilt￿r aawe to Code ofFundrnisI￿ Pf4Cttse. In¢lth In rel*lon
to I￿]nerable dty￿rs. We a Vuknerable Donws ￿111£Y in place. FundTrislry staff are reg￿Ted follow the
polky **rich Is re￿ aRnuaUy.
Pl•ns
Tv*awd5 the end of 2024. arthite<ts 8wffte5 •nd Mitthell T*ert c¢mffdSs￿ed to support • re¥iEwofopilonsfor
fvture r•pital In¥esimJ)t in the southem ha￿of$It¢. fo¢uYnE on the V￿tOrIngVIjay. This work is informed
our stratrglc prindples and will irrfm a knger4errn plan to reorgarw sSte and delI￿r ladlitie5 and
eXF>erience* 2025 will be used to rnftne thi5 and dkn￿oP a ph•sed •wo•th to supwt a ¢redible
fijndrabsine and InVeSth￿ proyarnme Q•V the nL*t fi4* to ten ￿. We wlll be enga￿￿ wlth potentlal
funders aE￿ 4)p0rtW5.thr￿fv￿. infomil￿th&Th of apwoxh and buikkn8 ￿l￿on$hIp
ThrO￿hOut 202S bulkl on the track re(Nd of the Orooklands I￿￿*allOn Academy and STEM
eng3gernent. Thi5 ¥AII See a broadenin8 of apwoath to enyjre our learning and en6aymert outputs provide
unique opportunllles forstudents of all aeestoenEaee with sfEM ar4 Oure￿I￿enn1henIèet through a r4nee
ol formal and Informal acts¥iw Vlorking 5pons(v& partllU5 aThl relevant Icol bu5ine55es wlll ￿ ￿tal to
eftsurewede￿k>P meanlryful e¥perwKe5thatawEIK>thnwfkn MItAntand Qurcharltsb￿ objective.
fr&tsrk S
fj8m￿ DL
Chalman
Page10ot35

Brooklond$ Museum Trust Limited.
Tfustees. Offlcffs and Professlonal Aa¥tsers
twjke ofRkhmoThl
SlrGer•ld Ather CBE LVO ￿￿3)
AtherC8E LVO ￿luty2014>
Mr Mark 5elTynan DL lappjknfod ￿j￿you4)
OlherTThstees
Mr Nèll Austlfi
Mr Grahzrn ChI￿*m I￿￿￿•￿*10241
Mr &mon Mithaelfjdes
Ms Marflyn Scott MBE DL
141r A￿d01ph Sesson Ir•swd
Mr Geoff Want
Mr Oofflinrc P4¥hNeri14wknd￿oLth￿l￿4l
Dlrndor& CEO
•anke
73 HIAh Street
Jnty
Kfn IDW
&atesWells& •rnrthwaste London SheTrards Employrnent %Mtes Ltd
4 ￿ts0UMe CtyJrt
H•ffield P
Jbourne
EC4R IBE
8N6 908
Menzie5 LLP
Chartered Accourrtants
Magna Itouse
1&32 London Road
. Thvll 48P
8rookland5 lknad
. "gjryey
Compary Wlstradon 14uAthr. 211P3915
Page11 of35

Brookiands Museum Trust Limtted
P2port of the Tn￿ee$ for the Year Endww 31• llecem￿ 2024
The Trustees are to pres•rt thetr annual dwecttirs. fem togeitw Tfv4th the con%4idated financial
ststefflents of the d￿rity and its sub5idk?ry forthe year &)din8 31 December 2024. These are also Prepa￿ to
meet the requirernents for a dirertor5' rewt aThl accounts fw Companies Act purpose5. The financoal
statements Corn￿ whth the'Charitie5 Art 2011, the Companies Aa 2￿6. the MerThirandum and Arttles
Association, and kcounb'ng and Reportlng by CharFlfjes." St4￿me￿ ol Recornmended Prdcknce appkablE to
tharities p￿panI¥ their ￿Unts in accordaFKe ¥rith the ￿an￿lI Ilewtin8 StaThlard appjicable in the UK aTh
RepublKof Ireland (FAS 1021 leffEctive l January 20191.
The otsJeLt oftheTfUStshall be to advance publ￿eduatIOn in the hsttyyarrfl de￿lopMent0f ¥ehides and
alrcraft and owects of WthatsOe￿ nature rdaIJ￿ to mad trwrt ftyin& and In pinlwlar any of the
fore8oin8 wh￿h are a59xiated in any way wr(h arol￿and$ at In the c￿nty of Surrey, Brooktands
A￿a￿￿>￿Ie#nd 8roo*JandsAero aub.
Bmoklands Mus•Jm TNst's ￿$[On h..
To I￿P￿e people t05hape the future thr(wgh hiswofh)ntrAtknnand endea¥tyJr.
Bro(￿and$ Museum fnJsth45 three c(Ye pu
11 Celebrdte Brooklands. its people and thw ach*vemerts.
21 8e a place and cornrnunitywhert irNenii*nes¥ exfftse •nd cofflpelltibpness ltrrfe ￿.
31 Imthsethe Cdlecthn and Httita8e to encoufiie Innovati￿ aNI endewour. today and inthe fibture.
isacNe¥ed ttrwh a varfjetyof•c¢rknthat Inckwje opEr4W 8rc*)klands Mumum as a vb56ttYattractlon.
dell¥eryof an award.wlnninclewni￿ progr￿￿. comnwnityengagemen¢ a d1very￿ pro¢r•mme of events •nd
. acti￿￿e4 and supportlfyg a tfjmft￿nIty of pas￿ale ¥olunteots •rKI rne
TheTru5t's g￿n￿n8d(￿uMert5OlE th¢FAemornnthJm ofUndwstaThlwwand Pxthles ofAs%odatlon ot 1987. as
¥mended bn 1999 and 2￿8. The Trust is a rngtstered dmrity, UK Charity No 296661, and is a registered UK
company. regirte￿ n￿ber 2109945. The Trust has a wholly sthlthary vadin8 comparhy. trooklands
mited. registered number. 2311226. broOk￿ndS Members or8anisation atso fufictTOnS as a ¥hholy ovmed
activity of the Trust. FurthernKxE. the Trust has a ¥thalty ￿led non-trai*ng subsidlary comparbv 8rookland5
Wimy Inc inc(KpNated In itie Stste of Delaware in the i•￿ whose sole p￿p￿ isto own it5V*kers Wimy replka
airtrrt on the Museum's behal£
Appolrbtmert of Trustees
At tht July AGM. Sir Gerald Ather, fomialty stocd d¢ThTn as c￿r. He has been sutteeded by Mr Mark Seli8man,
who underwent an appropriate reC￿ltMent wxess led * Vktrchaircaptain Mike ￿nister and supported by
Trustees on the Renumerati￿ and 14cffinalionscommitte
Page 12of35

BrooktarMI5 Museum frust Limrted
Followin8 the appointmerrtof Mark SelwNn aschair, the tru5tee5 unanimou51y dectded to nomrnate Sir Geréld
Athera5 Preydentof 8rooklandsMuseum TrUSt￿dtoe1e¥8te His Grace.The Duke ofRkthmond.to Patron. MRH.
Prince Mithiel ol Kent. Royal Patron of OrnobJaf•Js museuMTr￿tpemIsSw)n was SO￿ priorto these tharys '.
occurfn8.
Two further tNsteÈ5 stood do¥m the Juty AGM, Mr RaThJotph Sessons and Mr Grnham Chisnall. lewhng four
vatandes on the board. A gcwnarte we41￿ t*as rommi55ioned and led lry extemal tartsultant arKI specthlist.
magdal￿ Rsher. who u•yJertook a skills audit of aisttng TruAee5. Fallowlr¥a thls audlt. Gndklates werè
Identified arid appolnted at the O¢rober Boa￿ medin& Mr Martin George and Mr Doftmrric A￿l￿ri. T*
varanoes rern•in on the board and a recrU1trn￿ 15 pI3Med IDT 2025.
The 8oard retslns Inan horwyaryathwcapadtya numbwofrellredseniorTrusteeS.whoa￿ITr*1tedto attend
<x¢asonal Board meetings and. especi￿v. OntiTh￿to a55iSt thÈ Tnts1eeS￿d stsff w#h lthidraisl
Trusieei Emèrftus are:
Lord Trefgame.
Prnf Mithael OBE
Stewartjohn OBE
Vlce Presidents:
Allan Winn
Slr Mithael KadoNleG8S K8
Prf￿leS of Re￿￿M￿l¢ for Ilewlfustees
The Pfinclple Isto mainfaln the widest possible setsof skllls znd eyper*nce relevart tothe Mu5eurn's busirt55.
Key zreas in wNch the Trust seeks to m•intsin strewh thar￿. businE55 managemenL markEtr8 aiid
hediaqe. a balarKe of avlatio￿ and Mot￿￿¥ irrtere5ts. A Rernunewation and NLYTrinations SuKornmittee
romposed of fow Twustees handle5 thi5 pr(Kess and makts recomfftndat10r￿ to the fvll Board on new
appolritments.
Trurt•• Indu(11￿ ano Tra￿11￿8
New Trustees •FE WrtA>d￿*d Into the tru<s Kdvitie5 th1n￿h z briEfin8 their role the￿sIneSS of the
comparry frorn.the Company Seryet¥y and a brwlng on the activlrie5 of the compary from the Mu5eurn CEO.
JI apprnpriate declarations a￿ obtslned from new Tn¥tees by the Compwy Se¢fetary Copfjes of the tharfjty
Cofflrn155ion's guidelines are available ttwTnJstee5.
Trustee lfidem
The Museurn has profeS5V￿al IlalylitylnswmdElm tthd4d by Ecdeslasd￿l
Oryanlsatlon
The Dirertor & CEO reports io the Board ol Tfttsotes and heads the staff strurture. A4>Or￿n￿ to the CEO 15 a
senior leadership team. who art 5UPPOrted bl a sefies of SP¢Ckilist departmerrt manayr& For 2024, the
organlsatfjon emplrypd a kn)tal of 69 FfE staff. tomp3rn1 to 81 FTE In 2023.
A lar8E nurnber of￿lurtee￿ (c.￿) swort the staff In numemu5 way& The Trustées 4e yateful to the staff
nd voluntev5 for tr*ircoSlettrve and personal contributlofts to tht Museurn's suttess.
P8ge13of35

,Brookland3 Museum Trust Limited
JwoJMectlon betweena rrusteeorseniormawyTofth*tharitywith a$￿￿eror¢￿$tWntrm￿tbed￿dosed
hy Prfi¢yfor Sentor Slaff
The TNsttts arn essenllaly the non*xecutrde Bo•rd ofthe and ofthe mmpary. bive their
me freety and ￿ d*ecror re¢ei¥ed ￿M¥￿aljOn In the year. Drtaib of direct￿￿ eÈpen5es and rdated party
transaclkrf￿ arethsd05ed In note 10 and note 20 of the accounts. t40 direthxs ￿te1ved eNpensesorhad related
party transathinsduring 2024. The Senior management team (the Oirertor& CEO and 5tnior.leaderstrip team)
comprise the m4nagernent peNn￿l of the thartty. In tharKe of dtreciSnc ant* controllin& and
operniry tr*Truston a da￿daY bas1&
The p3y of the senior staff is re¥*¥*d alon8 with that of all empl￿$ a regular basis and i1￿reaSed in
aCCLYdance Yoith e4min85 movements wKreè5e5 al50 infornied by the trathrf pos1tr.on of the .
Mu5eurn. An elernent of ary l￿dgeted pay Incm5e for 5tsff 15 for merit.based rnlses and above
any yerdl increase. PJI suth intreases are set witt¥n the ayted ￿ fimit ty the Dirertw & CEO In .
oinwltatton thesenlor managernenttearn. The sa￿ryalthe t*rector&CEOissetbytheRemunernt5on and
P4ominatron5 Sub-commltree of the Trust
The Trustee5ha¥e had due rewd to the Charity Cornmi55ion public benefit. As a reé(stered charfjty.
Broollands myse￿ Trust serknjs responsiblyon fvlffill￿ rtsobligation5fordeWng adear and tangible
publKbenefitthrough tts acbvll￿. The 5xinopalareasinT*thith itdeln*r5this bentfrtaredefirt•J inthe •ctivthes
to athie¥e its ams and obiechve5 as detsiled atthestsrt ofthe wrL
The Nfvseurfsfflan4ementstii¥e5 to a balancebetween g•ieraifjn8thefunds re4ulred to malntalnand
develop its herltage assets afftl mok1￿ the Museum's displays and adivtlie5 accessi￿ to the *4de5t Possble
audience. To achieve this balanct. we try to keep the core adrni5sion in line *ith s•miLar attrdthons and
commensurate 7*1tr¢ ￿ver￿8 Museum runningojsts, *ttlle creatirrfwemluffl rebEnueopportunltle5 suth asthe
Cortcorde Experlence w enharKe omll Mo8eWeJd per¥lsitor. We *oencoura8e as many*￿t01535 ptsssible
to Gift Ald thelr adrnission.
Cfjmpany law requlres the Tni5tee5 to Prepa￿ flnancial smements for eath lInar￿al year. Under that law the
Tiustee5 have elerted th Prepa￿ thE financial statements in ar0)￿an￿ th United Kingdorn Accounting
Stsndards •nd applKable Iw (United Gener31ty Accepted AccwntwiÈ Pncticel. in(1￿J1￿e Flftanclal
Reporrin8 Standard 102 Tr Financial Re5XJrti￿ Stsndard applroble In the UK and Republic of treland.. Under
Comp￿ law the Trustees rNst Thjt appr￿ the fina￿•*1 thtements unle55 they 4rE satisfied th* they Bive a
tft￿ and fairviewofthe state ofafvits of It￿(￿arIty w￿0fthes￿rplusor defiutolthe wmparryforthatperiod.
In preparfngthose finanoal ststernen￿ tleTntstees ¥e required to..
seled suitable account1￿ policiesznd then ap￿ them c￿l￿eth.
observe the rnethods and principle5 in the Charities SORP:
rnaknlwfgements3nd eslimates that are reasonaTrAe and prudènl
pt•pxp th• finA￿tal *t*himnt% Thi th• 8ning mnrprn IyrJs lin1p￿ it Is In￿p[￿r¥Iats tn pTpw•mp that
the t￿•r￿wil[ contwiue in bsxslnes
Page 14of35

BrookLands MuseLwn Trust Limited
TheTNrteesare reSpjn￿bleIor *Jirigadequate ac¢ounts"rYd ￿$tha1are gJfficientto show and explarn the
harlty's transattfons and di5d05e with reasonable xtsJracy * 3ry tirne the financial p051tloTr of the charityand
enable them to ensvre that the fiftanaal.5tstemer￿ compty with the. Companies Art 2(X16. are also
responsible for safeguardln8 the a5set5 of the Chwty and frjr tskin8 reasonable steps for the preNwllon
and detecUon of fraud and other Irreg￿all11eS.
Dbsclosure of information to athjitor
D15clvsyffe olknf•rni•llon toaw111ty5
Each ol the per%Jns who aredirectors atthe time kn thi5 Trustee< Report is aPPr￿*d has confirn*d that:
• 50 far as the director 15 aware there 15 Tr) ￿le¥ant a￿lIt inforniatk+fvof which the charirfs auditor is
unawa￿.
• the iJrectr* hastaken all xepsthattlwov8htt0th￿ takn asa direttor in Ord￿t0 be aware of anv
relevant audit Informati(￿ and to e5tabli5h thatthea￿li1or1sa*￿re of that infomiatton
In.apprtr4l￿ the Trusttes Anfi￿ p*p￿, the thJstre$ 4$0 appm¥e the Strate8ic Repm In their capacity as
rompary dirertois.
Under se¢¢fjon 487121 of the Companfjes 2(I)6. Mffizies LLP wll be deeffled to been reappoNrted a5
authtor5 28 after these finanaal 5t*ements Twere sent to members or 28 kn after the latest date
pre￿ibed for filinKthe accourts wlth the registrar. whKhe¥tr is*￿1*.
ApproNtd bythe 8oard olTrustees.
Chairman: Mark Seb8m*'DL
Seuetary. JamesThorne
P88816of35

Brookiands Museum Trust Limited
lndepende.nt Auditor Rewt to the Member5 01 Brooklands Museum Tft￿ Umlted
We ha¥e auditedthefinan¢fjal AatemthtsofBroo*lands MuseumTrust ithited (the trarent charitable compaTrKI
and tts subsldlaries (the 'group'l for tre tRar ended 31 Decernber 2024 which compr15e the Consolldated
statemenr of ftnanual acdwties, theconsolidated b•l•nce shoel tr* C&Thmpary tsala￿e sheet the Consolidated
sktement of cash fl¢)ws and the related notes. ind￿1n& a swrnary of signtficant accounllng policle& The
flnanoal reportire framewryk thèt been applied in their Pfepambon 15 applicable law and Unf(ed Kingdom
Att¢)untln8 standa￿5, indudiw Financial smdard 102 Yhe Finaftual Repyting Stsndard applkable .
the UK and Rewblk"dlrelaftd' (Uniied GenernltyAccepted Acrowti￿PAttICe).
In ¢winlon tho sktÈment&"
l%E a tn￿ and falr ￿ of the state of tt* Group's and of the parentch3rftable comparry'5 affalr5 as at
31 December 2024 and of the Group's irmmtng resour￿ znd applicatson of r￿Tce$. including its
Income and expendItU￿10T the yearthen ended;
have be*n property Pfepared In a¢corthrKe ¥Ath Unlled Kh¥dom" GeneTrlty A(wted Accountin8
Practlte: and
s l•r •plhlon
We condurted our audtt In accordance t*lth Intern•tlonal Stsndarfs on Audlti￿ IUKI (ISA5 IUKII and appllcab
law. Our re5pon%blities underthose5tandard5 arefurtherde5uibedin tI￿A￿lt0￿, resporns*iili￿e5fOrthe audit
of thefinantial statemefitsSe£￿nof our reporLWe areindepavkntof the Grnupln accordantewith iheethical
requirements that are Tde¥ant to tyjr audit ol the finan¢ial statements kn the United Kin¢dom, includi￿ the
Financial ReportiTha Cwcl's Wmol Standard. and we fuffilled our other ethlcal responsibilstie5 in
acairdance with these requirements. We belie￿ that the autht thrydeA￿ we obtsined 15 5uffKiert and
approwiateto probryde a t￿5￿ for ouropuiion.
Conchmknns r•latsn¢tololr￿
In audltlry the lIn￿l31 5taternerts th* the TnJstees' u%e of the gokng wncem basts of .
accourtti￿ in the preparntion of the finanaal Statem￿5 15 apprwiats. .
Based on the work have pttfurned. not identified any ffi1￿￿11 urtertatht5es relating to e4tnt5 or
Condi￿n5 ihaL Indo¥fjdual￿ or cdle¢U¥dy, may cast Wfflcant d￿b¢ on the Group's or the p¥ent thadtable
a)mpa.nVs •I￿lity to COn￿n￿e as a 60iw concem for a o14t least￿￿* m¢ntr& when the fin•ncl•l
sratements are authorfsed for tssue.
.Pur fe5ponsiblllths the fe5ponsibiiitles of the Tr￿tee5 Wtth ￿pert to golw concern are de5crlJed in the
relevant sertionsof this reporL
The other inf0m￿tion comprise5 the information incI￿led ￿ the Annual rem other than the financial"
statements and our Auditors, rep¢rt thefton. The Tntstets ¥e respon%ble for the ￿her Inforn￿n contained
thin the Annual rEPOrt. Our opinion on the finantial ststements does I￿t CO￿ the other •)formatfjon and,
cèpt to thé extwttathev4Me exp1rdtysu1￿ In ourrepor¢ notexprèss of assurance ujnelusion
thereon. Our reSpon￿billr¥ is w read the other infom•th)n arnj. th dolni 54 consider whether the other
information is materially inconsiAent with thè fin•n¢lal ststemtttts N our kn4)wledEe obtained In the cotsrse of
P8qe16ot35

Brooklands Museum Trust Limrted
the audii or otherw15e appears to ￿ mateiith misstated. If we ideThOfy S￿ material hiconsistendes or
api>arent material misstatémerts. we requirnl to detemiin*.7*1th this gi*s rise to a material
mlsstatement in the financval 5tatemtnts them5d¥ek ff. based on the work we ha¥e perforn*d, we (￿lUde
We hwè nothi￿ to report in re¢3rd.
Oplrlon othw m1ttthsprex￿tsQd C•itsArt 2006
In ouropinlon. based on the work urKlertaken in the rour5e of the audlt:
the Krforrnation in the TNsted rryort ind￿11￿ the StT*ew fty the flnanclal ¥ear for
. t*hith theftnancfjal are preparéd is cor4istentwrth trefinanci•l st•ten*nts.
the Intstees. rewt'and the 5trnttyc rep(rt ha4E been pitpafed m acto￿anCe wrth applKable Wl
M•tt•n on •rn v•quhd byexry
In the light ofour knry*le* afftd ur&r*andin8 of ￿ charit￿le (oinpary and rts enwronment obtsined in the
coutse of the auth¢ we have not 5dentlfied matwial mostattmentslhthe Tfustéeg kn¢hJdln8 thestrnteitc
report.
We have nothln8 to report In respea of the fallry*4r* mattw5 In rel•tkJn to *blth Cornpanle5ActllTh requlres
us to report to you If. in ouropinion=
the parent charttable conw•rw has not kept ailequatr sufficiont ac¢ountJn8 re¢ord5, or ￿tUrnS
adequate lor our audit ha¥enot been ￿Cel¥ed frorn branchts I￿t vistted by u5" or
the parert thwitable <ompany fin•ncr41 ststemerts are Th)t in ayeuneni wrth the a¢¢1￿￿tine reco￿$ '
and rrtums: or
certain disc1owresofTn￿eS, nnvjnernoon spetified trilaw arn rtotmad4' or
we have wbjt recel¥ed all the infrirfflatTon and eX￿anatIOnS we WEquire fryour audlt.
The Trustees were not entitjed to wep1￿.the financial statern￿ ITh acc¢Ydance with the sfflall
coThipanle5 reyrne and t3kn advants¥e of the small cornpznl& exefflpifjon in prepari￿ the Directo
¥orL
s e¥pliined more fvI￿ in the TnJstees' responsthiltiies ststefflenL the Trustees (who I￿ also the directors of
the tharfiable rompany for the purposes of con4>any lawl I￿ resppn5ible for the prepar4tiDn of the financial
stsiements aftd fof belngsatf5fted thatthtygi¥ea twueand lairwey andfDf 5UEh Internal (4Jntrol astheTrustees
determlne Is necessary to enable the preparnkn of Iln•rKlal staterne￿ that free fr(vn rnatsrial"
misstatemert vlhether due t0fra￿a or errur.
In preparing the finana315tstements. ttie Trustee5 a￿ resPo￿bIe for asse55ing Group's and the parent
tharital￿e cornpary's ability to continue as a concern. as applicable. matters related to going
' concern and u55ngthe gomvaconcern ba515 of unknthèTrustees eitherirtend ts> l*iuidate the Group ' .
.or the paventcharltable comparryorto<eaSeopernt￿¥ ty hwe no"realirtK alternthe to do so.
rablecd￿ are to obtain reasonable •sgJvaKe ibThrt whetherthe financial statefflents as a ¥Awle are free
. from material rnisslatefflen( wlth due tothaud or errry. and to an Aui*rors' rep¢Jrt th•t indude5 our
Page 17of35'

BrooklarKls Museum TTu* Lirnited
oplnlon. Roasonats￿ assurdnce ts a hieh &￿e1 of assuraKe. but 15 not a that an aL￿[t conducted in
accordance wlth IUKI wlll detett a riuterial rnisststenient when 11 exlsts. Mlsststements can arlse
from fraud or error and arE cor6idereil material bf. indN#lualty or in the aggrt8ale. they ¢odd reasonably be
' expecieoto Infiuence theeconomtc deci￿n5 of user5 tsken on bassof thesefirhinaal Statements.
Irrneularitie* irKlul*￿ frdud. are irthnces of non-coryliance with lawS￿d reg￿rtIonS. l•ledegin pr￿edureS
In h'ne our resp0ri5ibilities. oudirled abob*, to dEtert rnateroal mtsst•temeAts th respert of trregulzrfile5.
in¢ludln8 fraud. The extent to whxh our procedffts are capable of dete£Ory Irre8ularltles. includini fvaud is
detailed belo¥r.
Tre GroLV and parent Charltsble conwary are subleci to laws and rwiatlons that d￿*￿1¥ affect the
financial sraternents inclL*Yng"financial repOrtfjng1e￿Iathn.We detemi1nedth•tthefonowl￿ laws and
re8ulations were Ir￿st st￿lficant indudirva the Charibe5 kt 2011, Compan￿5 Act 2006. Employment
Hekn and Safety le4islatlon,and the W SafetyAct 19YO. Weassessed the extentof compliance
W4th th&e laws and regulatfofts as part of our wIXedu￿ on the ￿￿e￿ financial S￿ement Trtems.
Wt understood lthi the Gro￿ and pa￿nt charitsble ffjmpary Is compWing ¥Ath those legzl and
reiulatoryframe•orksty maknng irquyieslo manage￿￿n( those rE5F￿51bJe for legal and compliance
procedures arHI tre ¢Thnparry wetary. We corroborated our inqulries throuth tyjr rthf*w of bowd
mM￿trf.
The engagefflent parrner assessed the engagemèrt team collerti¥ely had the approprlate
competence and ￿PabIlIt*S to idernufy or Ytwftise Aon-corn￿I3nce knith lawts and regulattons. The
aS5e55mentdid nut idwitify ary Issues In thls a￿1
We assessed the susceptibilty of the Gmup ald parent chorr<ible comparfs financlal
ststemrt to rnaterial mi55taternent. Indud1￿ how frèud mvAlrt o¢¢ur. We consldered the
OPFLVtunitie5 and xKentivesthat may existwithinthe tyKafiisaknforfraL*I Idemified the yeate5t
entral forfr•Jd in the follo*4nq areas..
of fraudulentloum41 entries
> Pothng of fraudulent payments and receipts in theacCoFjn￿0l sofvare
AuthorisatioT>, pro¢tssin& and paVmentoffrnJdulert￿pen%e5
> Timln¢ of revenue reWE￿￿On
Audit pr￿dU￿5 perf￿￿￿d by the en8a8ementte•rn lThcluded:
> Identhiln8 aThl assessiThg the design effeCts￿eSS of contrLls management ha5 In plare to pthrt
ahd detert frnud:
> undetstandI￿ h¢MT those tharyed *Tith ￿emance corwdwed and addressed the potentlal for
ofcontrols or othér 1napw￿riatr Infl￿￿e ortrthe finI￿al reponlngprnoss."
Challen8in8 ass￿np￿nS and rnade by management in ts si8nifi(xnt accounting
esrimates; and
Idenffiithg •nd testlw J￿rnaL ertrfes, in particular. journal errtrie5 Posted with unusual '
K￿￿nt combinations.
Because of the intrwent liTrMtsti0Tr5 of an audi¢ thffe is a riskthat we wlll detect all iffegulaTMes. Inc*Jdl
those leadlng to a materlal mi$5tatement in the finarKlal sratements +y r￿n-¢01￿1•n¢e with regulat*)n. Th15
risk increases the more that compliance with a law w fegulalb)n is rem¢wed from the events ar#1 tw3nsacMns
reftected in the financial statemens as we t￿11 be kss"likely to become aware of ￿tStan￿S of rw]n<ompllance.
The risk i5 akn 8reater re8ardin8 IT￿la￿l￿$ 0¢￿ITing due to fvaud rnther thah error. a5 frzud in%dve5
itrntieAoI eaNe￿IMent, loryery, eolluyion. omfjjjlon or mlyeycxntoilon.
Poge 1aof35

Bro￿rKI¥ Museum TnJ8t Llmited
A further dewiptson of tyjr respon%bdities forthe audlt of the financial staternents 15 located on the Financial
lieportlng c￿nd1'S website at: ¥A¥W.frcorg.UV￿￿O￿￿ths. Thls dtsuip￿￿ knrn5 part of cwr
Auditor5. reprrt.
This rEportis rnade 501etyto the tharltabk ffwnber% as a body. In acCorda￿e wrth Chapter 3 of Part
16 of the Crrfnpanles P£t 2¢Th. Our aud￿ ¥Mrk has been underta*en $0 that we rn*ht 5t*e to the thafftable
(ornpaWs members m•tters we are to stste to them In an Auditors, reptyt and for no other
purww. To the fullestextent perrThtted trrylaw. wedo ￿ta¢{ept or assume resporkSlbllity to wryone other than
the ctsritsble cornparty and its rnember& as a bo&¢. for ow for this regrt or for the opin￿5
MoAILVs LIP
JANICE MATTHEWS FCA ISenl(Y StatulryyAudknr)
For and on behalf of
MEN21ES iLP
Chartered A(￿ntants arnl StstutoryAwJltor
asna House.
1&32 London Road
Staine5-U￿¥ft•Tham•s
. TWI8 4BP
Page 19of35.

8rookiands Museum Trust Limited
$07
11gJS2
S96518
JJiSJ17
3￿1$)17
tJOlJ07
2X116N17
IOA97
IQAY7
IA>.7•3
135>555
113.7•1
iJ5135J
IlJJ74
113,174
Qpyalon
4Jlll.714
4Jss.nA . JJs7Ji?
24n6 4￿1>￿
5JtU14
#s.ns wsJ•J
JU5•
u?J••
JJ16
61J*Jl
30g.ns
178JJll
JL450 tsAW5)
109A
491 1445•
1192JOI
i•
is
230.551
IOJ16thS0
SOIW L6501
27
The statement of finafKial activities i￿￿deS all 8ainsaThl losses rn¢•￿tsed in the year. PJI In0￿￿¢ resou￿e5
The note5 on pzgE5 23to 35 frjrn) Partofttr￿ IlnaKlal sl*mert&
Page 20 of36

Brooklands Museum Trust Llmited
Ch•ity
Oetr24
. Detr21
HwtrpAssets
TawibleJ55ets
InwlJn•its
Trt4flM¢4*JMts
li
IA06N4
i.￿6
9946J¥O IOml343
I￿08.614
9910353
50.100
1,106.684
9,979.72S
50.1(KI
IW4505
li
iU$1$64 U43
Stock$-￿•d$ l¢r rs•le
. 77A34
34J529
n6A56
1.197*19
8OJ57
316A28
1229JOI
L616N6
317,154
522.236
839.390
322A46
1.059.263
Bl.705
C•¥h It￿￿k and in h•
LI*Mlies
ityrs:affltsu*ts duev4thkn•fyEi*r
17
163ZWYI
12 J31
11574A38
12,179334
16s5￿)ll
t90SJ331
1655J331
"1905J133
IIW,727
11217JIZ
lo.918￿05
IlJ73501
Tho
Rosrriaed
iJfire5tricted Iwds
115.110
li￿90
9J147J)15
I￿SOj￿10
215.140
9J7J.137
1.650
A*•luation reSE
1.650JYOO
20
iiw:n7
11227222
lo.918￿5
11273.501
The Companvs net M0￿MentIn furKls frythe ￿rWIS{£354.8Y61[1o23- q644.71211
Oftotsl fvnds. £11,3S3,$64 lindudlniÉl,650,IYXI comprtses I4￿ble and is not
avail*>le to be speni in the norni•l course of bUs￿eS
The notes ￿ pa8e$ 23 to 35 form partofthtse ￿n￿lIdated finaMi* State￿￿￿..
. These IlnarKlal statements**reapprn¥ed bythe Trustees•nd sw*d onthw behalftrr.
Mark Seugman DL
Chwrnian
l¥/ooIzs
Page 21 of35

ookiands Museum Trust L•nited
. Statement ol and Consoldaled Cathlh)ws. 31 December 2024
Ikt-14 D•¢43
363
IJJIL
IOA97
9.349
16mS
lrtor¢* sale alfix•4 assets
biseoftswblefimdassets
P64.1311
1224JS11 P30I741
JS
IrtErestorth COI
irfttektan Brookliftds t4J¥
116J611
113,32SI
124x1301
1243tsJl
116.96ZI
I24￿30}
1233251
1243001
12SOA*))I P55￿0)
Iwtsse Ide£wsellncash• ¢aSheW￿4ents Inthe￿r
1453J4¥
gU991
1537JJ271 12547661
Cash th￿sh ¢qulBI•Lts atthebryOMlr¢rftheTrf
LmgJ63
1,314J)19
776
noteson page5 23to 35 form part ofthoe c￿50&dat￿ fimartfj￿ $￿eMer￿£
Pqge 22 of 35

Brookiands Museum Trust L¥nTted
Notes to Accow
Year Ended 31st De<en*w 2024 .
i. r*ordl Inlimrnthi
Bfooklands Museum Umlted ￿ a c(¥ryary Ilmited by8•wantee incrypry*ed tn EnBland aThl Wales.
The addre55 of its rewstered Offi￿45 dSsclosed cffi pa¢e 12.
The presentational currency is lthe sarne as the fvnc¢iowl curww whith 15 pounds $terrM￿ The accounts are
mundèd to the nearest L
Evuy member of the companyundertakesto ￿￿trib￿rtetothe assets of the company, In the event oithe same
hel￿ up, suth amowts as may be reqsJ4ed not exeedii18 swn of£S.
3. Museym CoUe¢tlon
Under the terrrfj of a Trurt deed d*ed 26 July 1989. the fvooktands Museum Comedlon Tnst W45 formed for
the purposeof hoklin8s(wne of theexlithtsof Br(*Jklands Museurn. On 31 P+1arch 1990ownewshipofall Museum
exhlbits at that date was transferwEd frorn thi5 company to the Broo*Jan¢ts muse￿ Collertvx Tfust. The
Brooklands Museum Colection Tru￿ ty the tenns of the sald deed, loans the exhibits to thts company for
dlsplay purposes. The Colteaions Trust ts a sep¥atrly r4isteTed Charity ltharity wmber.. 2%661-11 froiii 14
arch 2(A% ar*1 Is dasslfjed as a wbsidiary of the" Musetsffl. li conducted no trade thring thè period and
remalned entlretydormanL Theassets of the Collertion Tnjst hawe rever been Valwl and a￿ rK* consdidated
Fnto these accounts.
4. •x(4unfjn¥PolKles
B•sls olPrwratio
The financial 5tsternents are wep¥ed th xcorf•nce wlth Paountins and Reportlng by Charftles.. Statement of
Recommended practi￿ applicable to thaftties Prepari￿ thehr acCO￿ts In accordance the F￿aI￿la1
Reporrlng Standard appfiuble In the UK and the Republic of Ireland IFRS1021 (effective ljanuary 20191 and the
Cornpanies Art 2006. A55ets aTrJ liabdities are initrally recwmsed at historkal cost or transactlon value unless
oth*yAse stated in the relevant accounting poltty notelsl. The statement of finandal a¢D¥it￿ ISOFAI and the
balance sheet cowolldatE the financial statements of the tharity ind its subsidiary Undertak1￿. The results of
the subsidlary are C(K￿ldate&l on a lir*-ty4ne basi& The tharlty consider5 itsdf to be a Publlc Beneflt Entlty
.as deftned ￿ FR5102.
Acrnuntir¥d estimates and aswmpt*ins are made c¢Jncerni￿ the firture a￿1. by their natur¢ I￿11 Arely equal
the related actual outcome. The key ass￿nptiofts and other sourtt5 of eMimaticffi uncertalnty that have a
5i8nificant risk of cau5iiis a matewial ￿lus￿￿e￿¢tothe arryini arntyjnts ol assets and Ilabllltles wlthln next
financial year aredi5CU55ed btkJw.
Income lsrecognised in the Ststement of Flnanual Athitiesonce the Museurn has entiilernentto the resou￿$.
HowÈ¥er. the entitlementto these resourtts and re8anliThg ¥then income is recognised ts down to
interpretation. tiabilitle5 are recognised *there there 5$ a lepl and ¢￿$t￿￿tIVe obllKation committin8 the
charity to the expènditure. No*￿er. the IE¥el of Wl obliryion to *thi¢h these res￿rceS We inojrred and
assumptions regardi￿ ¥•thén Obligatio￿ arn recorded is do¥ffl to inierpretation.
The Trustee5 have 5ryiared detsiled praierlions Ipr tht next 18 M(￿th$ and Artline proiectrbns up to 2026.
based on experted inc¢Jme frorn re8Utar activitie5* 8rants and d(Thtion5 from lur¥Jer5 and uther donations.
against expected general and project expenthture. On the basis of tfrhise proierti¢)ns, tw consAlef the tharlty
and 8roup to èe a ¢01￿ corKern for at least 12 months following aFyroval of the %counts and for the
foreseeable future. No rn￿erial ￿cert￿ntieS that may casr sI￿1fiCant drvjbt about the ablity of the Museum
to tontlnue as a yxng concem have been identlfied by mana8ernert or Trustees. The financial statements
a¥e been prepared on the gowvd concern.basis.
Page 23 of35

Brookiand8 Mu8eumTrust Limiied
Grwp FlnaKlalStat*meThts
The financial statements con501idate the resultsof the tharity and its whol￿1 owned gJbsw*lary Brooklands
itd on a lintrby4ine basis. A separatestateff￿rt0f Financial ACtI¥it￿ arml income and expendtlure account
forthe chawity ha5 not been presented becausethe Trust hastaken advanta8e ofthe exemption afforded by
section 408 ofthe t￿paThe5Act
Accvrnulated surpluses in ts General hind awe inthded within Unrestricted Fund5 and are avalable for use at
the discre￿0￿ of the Tru5tee5 in lurthefance ol the Trusts general ¢harltatrAe abiecti¥e& Restrkted Funds a
subjert to spe¢ffi¢cOnd￿ltins imposed ￿the donor5.
All income is recogni5ed in the Staternent of Hnancial Acti¥rtie5Twhen the condit{c￿$for receipt ha¥e been
there is feasonable 455uranceof receip¢ and the amount can be measLLred ￿￿th sufficlent rtliabilitv.
For legacle5. en￿den￿￿t is taken a5 the earlier of:
the d* on thich the charity isaware that probate has bEen yanted:
the estate has been finallsed, and notificth ha5.l>een made lrytheewkn(sltothe Trustthatdistributbon
will be made.. or
when a distribution is.received frt￿ theestate.
Receipt ol a le8acy. in whok ¢x in pan. is probable the ar￿Unt Can be rneasu￿d.
rellably and the charity has be•i notified of the executorfs intent•)n to make a distribution. Vlhere le8aae5
have been notified io the charity, Ot the thartty is aware of the granting of probate. the citterta for
kncome reco8nlrlon have not been met then the le83qT is a treated as a contingent asset and disclosed If.
material.
(￿Na￿nI
D¢)natk>ns ond all other recdptsfroffl funlkai5i￿art rep￿ted¢TO$$andtdatÈd fUnd*ts￿InIco5ts areleported
in otherÉxptndÉlure. Donations are induded in fvll In thtMKome and exwd(wre account on a receipts bèsis.
Income tsx re¢oveRble in relairontodonations receib*dundergiftaid 15 recogriised atthe time of the donatlon.
. No amounts are included In the financial staternents for seryvs d<>nated.by volunteers.
G¢wernrnent grants are IrK(xning resour￿ vjlxh are,re£ei¥ed'frun 8ty4ernfflent agend￿ and. .
similar bodie5 whethu kncal or national. &xh erants aFE accouTrtrd for art rtce5¥able. Amourrts
spedffied for fvture pertods are carried fop*ard as deferyed IrKome.
Incomefr4fft ChafftableActl¥knand Tradlry
Incon* from tickd sale5 is recognised at the of the vislt •thl is of Value Added Tax. "kncome
recew in ￿Pert Offu￿re Fier40ds Is carr*d forward as deferred irKome.
Incomefrom the saleof Is rewi5ed at the pthnt otsale and is Shown netof V￿ye Added Ta
Income from caterini 15 r￿e￿ISed at the paDii of PfWSK)n of the ¢ateMg and i5 shown net of Value Added
Tax. Incorne received In respect of fvtwe periods is carT*l forward as delerred rncme.
Expendl¢¥ve
Expenditure is reco￿lSed on an accNats ba515 as • kbilrry ts irttwred. Exgerrfljtute Ihrludes any VAT vthlch
nnot bc lully rccovcrcd and i5rcportcd 05 PQrtof theexpendituro towhlth itfelotC5. Costs of 6LYcroting fundtJ
ompiisethe¢oMsassOfiated with attrnc•"nIb￿ntsry income andtheaistsof trath8lorfuAd-rJisingpurposes.
P8ge 24 of35

8ro(thnds Musèum Trust Limited '
Char*abk expenditure Comp￿Se$ costs itKurrEd ty the Museum kn the delivery of thelr Ktrvities and
servkes for benefioarte5. ft indudes both costs that can bt allocated dirertlyto those actiV4tie5 and those costs
ofanlnd*ect naturenece55aryto suppxtthem. Costsin rt￿tiont0 com￿lance￿￿h consfjtutional and statutory
quirenients areshoym underg0¥wn￿￿e Gth*rnance costs i￿l￿dethI)Se costs assoclated with meeljng .
the cLy￿1￿￿ttanal and statsrtory requirErnents of the Museum and indude the audit feesand costs
Support tost5 are shartd atras5 all attivilies undertaken thè Museum and Ind￿je ￿￿11Th¢e cost
allocated is Set0￿ in Note 9.
TeM￿n3￿0￿ btneffts ar15e where ￿ ernp￿ ts rethndarrt or acLEpts aThl are
cha￿d to the Statemert of Fwwitial immediatety. liabikty 15 recwwl as the best esdnmte of
the ¢4151 at the repowtini da
As%etsfinanced under hire purthasecontractsare catytalised Inthe balaicesFttt and aredepred3ted￿￿erthe1T
eAimated usefvl.econf*nlc ￿t$. FIna￿e and intewE5t in aJnrth tmth hire pufthase contracts are
tharyed w the profft and lossaccounL
Individual ffftd assets rostin8 more than El.(XM) are tapitalised atco
ildiny and major Thiseum work5•re deprttiaod sy4er 20 year&
Plart & equipment sdepre¢i•ted ¢)￿ 5 y*a
. The land elementofthe site is arrled ata valuaocffi of £1,650.(D)*•kh wascalc￿ated whentht 4tswas glf
to ttre museum ￿japan Tobac￿ Internati¢xo1. No depreciat.on 15 cha￿￿ on land.
The 8AF pmiert was corn￿tted In 2017 and thE individual elements of the spend are bery deprnclated over
between I￿25 year&
H•rllryeAssets
The ffluseurn'5 colledion of motor £ar5. mQtorryde5 and airtt•fL exdudine the assets held in the Bfooklands
Museum Collealon Trus( Is ￿Ported ￿ the Sheet at cosL Thls Is con*lered to be an appropriate
metho4 of ￿¢08nitIofi M the b•5is thattht vakn of of these Items C￿ flu¢DJate but are av•ilable to
be sold In the normal course of l¥Jsiness.
Cost Includes the purthase prire ￿￿S any associated costs the exhlblt to its S￿e in the Muswin arml
to its currènt tondliion.
Depryiation is not providul on arry Museum exhilmts astheftsidu￿ vahjeof the exhibits Èquates to atleastthe
net book v31ué stated in the financial Staterne￿ Mort thmted assets are fiot ascr*ed • value as the costof
obtaini￿ suth a value would bE prohibitiw
Subl￿tt0 the apwoval of theTnotee5.the Museum maydlspD5e of•t•n5frnm the c4jlleclK￿ althuu8h this wil
onty h3ppen in Wtional clrcum5tsntes, for example when the rtem canr•Ot be dtsFAayed or the disposal.
proceed5 can be used to purchase a better example. Due FY(xes5 and a55e5sment w0￿d be followed that
satisfies Museunfs di¥hyAI ￿￿edUreS.
The Museum's exhibits *Klude a ojllection of items loaned to them by thlrd partiE5. These assets we not
￿￿1￿je￿ on the Balancesheet S￿re thry are not v•med tythe Museum.
In additlon. the Museum hdds a of and aviation ephemera Is not recognlsed in the
Balance Sheèt as c05t urf0m￿tIon 15 not re•JiPy avaitsble and tht Trustees believe the I￿efits of obtainlng a
Valuation for these items wwld not jV5tify the cosL
The Museum's management policy in respert of its heiiwe assets i% 5urnmartsed in 14ote 12. The muse￿Tr
makes avallablt on its website a lull IMing of its Collett￿ of motor cars aThl planes wNch aLso inchJde5
inforniatlon on the history and pro¥enance of èath exhibiL Thi5 listing dearly disiin8uithes between o5ets
whlth are owr*d by t￿ Mu5ewn and those that awe on short orlow term loan to the entity.
Page25of35

Brooklands Museum Trust Limited
Stacks
St¢Kks. belngfinlshed 8ood5 afKI yods forresale. ￿ValUed atthe lowerof cost •MI net rtalisable value.
' Q*blo
Trade other dekn" a¥e rècwised at the selvewrt due atw ary trade discount offered.
Prep3JYMnts are ¥31ued attheamO￿t wepaid aftertakI￿ %¢wttofarry twadt due.
that will probabfy result kn the tronsferof fo athkd party and the •mount due to settle the obligzthn rarh
be measured oresv"m*ed reliabty. Crediwrs and wovish?nsare normalty reco￿lSed attheirsettlement amount
after allowingfor anytr3dedixounts thje.
FINndal *utruments
The y¢wp onl¥ h43 financial assets and liabilknes of a kirml that Q￿lIfy as basic ftnaft(i41 instrwnetit& Bask
financbal instrumerts are Inilialyt)￿Uredat twan5aclion Value subwuenty mEaswed atthelrsettlement
value.
Deferred tax is re£o8nised in respettof al1timl￿diff￿IV￿thètha￿*of*IJted butTr)t rerttsedatthe bal•tKe
sheet date where transadions or eve1￿ (Koxfed atthat datethat wlll In an obltWoD w payrno￿,
or a ri¥M to pay less or trt receive rn0￿￿
1024
2013
Oonatloris
14acy Dtsnati¢Jrt
GIftAd
Restricted DoMti<>fis
71452
230,236
205,147
31957
85.075
181.934
289.552
816279
596Jl8
Ofthe£811279 cecebrnl In 202412023: £￿3]8) £308.444 was hekl in re$tykt￿ funds12023.. £289.$521 .
Grfi Ald 15 dalmed on don•thn% n*mbersNps admts5k>rfj. **wethe correa GIftAld dedarnfjon5 hwe .
been madt.
Uwestrkled
fimd5'
2024
Gate re￿lue
Menbtrships
'te hire
Concorde
Other in¢omin6 resource5
1.953,416
712.426
73.771
154,754
121020
3A115J87
1.714,419
551,938
53,189
134.485
L501J07
Psge 26of35

BrookLands Museum Trust Limited
The wholty owned trad1￿ gAb5hJl4ry 8rookknds itd 15 United*in¥dom Icornpany number
23212261. Its registered office is the s•ne as Bfooklands IAuseuffl Tn￿ tirnited. It pays all of its yofjts to the
tharity under the gift ad sthemi Bmoklands Ltd opeTrtes the Museum Shop. Bmoklands Concorde Simulawr
and all caterin¢athviifjes onsite. A summary of the Irathng results 15 sh(￿ beknw.
The re8i5tered office of Brookland51irnited 15 at *DobJ•nds Brookl•nds Roa4 Vlrybridge. ￿rItY Kr13
Turno¥•r
Costof sale5"
Gross prollt
IA95502
2,006,487
3975
I￿42.$12
11195247
PAmlnt3tratiT•E exp￿e5..
(926x181
11,041,fj641
168.439
848
Inwest rttefjwableand slmll•r Incorre '
3962
4.402
172401
5250
Op•m r•tskn•d earntty .
1462781
151.5281
IZ6J?J '
1462711
At the yearend th*a88repts assets af Bffjoklarth L¢rh*dwere £418.S2212023.. £310.5241. aggregate liabilities
£292.29912023.. E356.7021 and shareholderfvThls £126223.12023: W46.17811.
Dec-23
mana8emerf f••$
fflan4emert f••s•Mltautllln
0￿recIation
M•nayrr*ntFff5
Prnfrt •n ordln
39lJ54 229*16
1SJS3
20.366
204 000 204 i)00
50
•al¥lllesbefo￿ t•x•tlon
Pag• 27 of&5

Brooklands mus9￿m Trust Limited .
8. Ythy
D*24
DEt-23
- auditfees
. taxation and OlherconsthtsVKY
.other s¥vic¢5
(￿le£lation.. In Ye*r
27295
19.050
10.148
309.775
346A73
9,16&
278
314A99
10.148
.294222
324370
9.166
257.673
U5A19
2Q24
stsflC45ts
rtttcosts
Flnonce
621JlO
82J47
1SOBJ35
1.17111
I￿166
202S2
1955J70
1,759
105J66
506.781
its207
111207
15518
49191$
IT&ConrG
Fidlitie
25511
W27
sknIIc05ts
20JII4
404m4
33A15
26J72
7L331
9A95
.?a6
iowi
IT&C4r¢ra
s￿56
IY.745
35J40
ujii
F•dllYe5
6957
4291
9&149
60574
W79
5>
714
Stswcos
reKtCo%ts
$8932
8ZJII
365281
503Jn
IS79￿1
I.169￿70
io¥J
l?Xl93
tJJU4l74
A.7W54
196W3
147J97
19454
InS￿ranCe
IT&Cqn¥r
I￿397
1gA54
307M4
110.778
IY3S4 '
10
14A49
8J95
11
171pJa
40.130
24.994
54S•Z
JW67
$7*
Finartc•
Insuran
IT•Cg*l
1.7n
3155
1492
6j47
5389
11.659
31223
17A74
Fatiliffjes
f￿4¢f￿•￿re
8471S
76.027
XO1,790
$2211
•1
'In¢l*Jdirya the costs of the tr•dk¥5ubs#liary Broo11•r￿ Ltd (Not• 7)
Page 28 of35

8rooklarKl$ Museum Trust Lifflited
minlstra¥an &F￿￿ra[%1￿S
te& Se(urlty
Collociions & Hvlta¢e
GenerallneFunds
i&rnlne& Stsyt¢
19
16
67
ij
81
Employecosts duringth•y¥èr'.
Wates and s•l•rles
SocSal security eosts
2J86.lJS
104.390
2.16Z.764
189.716
P•bslon
65914
66,724
19
A¥erayThJff*wofpwsons w1+)￿d..
Idmi￿StratsQn & Fundraisiry
Slte&
CollttbLNlS.& Herittie
Iknerabn¢Fun&
ieaminÉ& M511tir Sev¥itts
19
17
34
13
17
20
76
65
53
Do¢44
W4E% arml salarie5
So¢i•l sttuiitytg5ts
IW,560
151
$4
1.529.124
142A65
50391
L711J80
In the ranp £60.(*JJ to £70.IXWJ
Inthe range £70.LThJJ to £￿.1￿￿1
. Inthe £￿.(￿ to ￿1.(￿
Key manag*nent personnel ofthe charityduring 2024cornprlsedolthe Chief Exeojttve Officer. Finartce Director.
Chlel oPerdti￿ Olfw. HR & Busnv*S Services Ixrecior. Head of Dfftk>pmenl and Direcior of Herlwe.
Interpretztson & Enga¢ernent 7*ts)se employee costs total £404.88412023.. £289.8051.
Durin8 thè ￿1. Trustees recelbyd any mumeratiM orothw benellts12023: £NIL).
Durin8theyearended 31st December 2024, no Tntsexpense$14¥* been incwr*d12023: ENILI.
Pa8e29 of 35

Brookiands Museum Tnlst Limtted
ii.
Ta￿lble Flxed Assets
675A*
I1￿7)16
L43J9J
2294,569
Agj
IS￿3￿97
233Wi
99
dditir
015PJ5•15
At31 Qxefflbv2024
$?SA
li
zJn.7?1
Al J•nuary1024
lwpfarthi￿ar
fj?SML*
I￿l*jI?
105.164
ISJ
4372J70
JOY.775
5210
.4 677 555
2Wii
At31OKontsr 1024
67$
8t
At3ll)e¢effllpw2014
IJSltsg1
IL353ts
AtJlthrEnthr IOIJ
4J4&X)L
l)75
IL43WY
#lJ•rwry1014
6750
IW7JJ6
14Lrn
15.40&43S
214JSI
13￿5?
OiSpos•Is
$31
675AC*
1156SJ35
iJafvJèry1024
CharyEfr¥theyeat
675*X
204￿u
294222
67S
4 Il6 74$
1224J65
11317W•
lJ48901
IlaOJ14
113X.409
te FwEehold vauathsn
The Musewn holds th ofthe MuS￿m srte freelvJld h*ine been the benefriary of a ge￿￿￿￿5 transfer from
JapanTobac(o IrK in 2010. The propertywa5￿￿￿edonan exi5tin8Use ba5T5by refe￿￿et0 itsearnin85 Potenfjal
IV PAatthEw5 Goodm￿ LLP.
The property Is subiert to ts Cry4want that ￿ the ewent the slty part of il 15. 501d fvr
redevetopmentforcommertlal pln. al pro£eed5 rV￿rtIO theoty￿, Iwn Tobacto Internaib)nal.
The*lUatI￿ of£l.650,11(Kl, indudedin thtg*•xI bulidtyycosts Ixwhtfryward. h45 been an the
basls thatthe tille is unenwmbered andfree frtym ￿ onerous OT re5trictsve m¥en¥hta5 to it5 use. However. It
has been a5sufT*d thatthe slte conllnue to be used for ￿r[￿8t purposes.
Theorryin8va￿e0ffftXed assets are ￿￿edged as securityfor fAblllbes b£ll,353.56412023: É11,43I0271.
Page 30 of3S

BrorA(Land8 Museum Trust Llmlted
411
J>J
310e¢1024
Totyl
Cavrwwwlu
Other than dtsdosed •bo¥A the rnaltyity of tr￿$1¢￿0n$ in ephemera the ptrthid acquislllorts by
Ojnalkn. In the Tru5tee< the v31ue oltlw donakn Is not m*erfal obtaintry a curr•rt valuatlo
ThY)ukl inw)￿e disproportlonats rosL
b1¢￿e$l￿Nch refiecl the hlAoryof 6roo*l•nds. Allthe5• Item$are￿ th¢•Ayto the ythli
The Museurn also holds a la￿ cotleckn of fflotoriya and a¥iaiionephemerd aSSOCi•ted vrith the histw of the
slte. Thls collertEw ccrfnprlge5 50JXJO iierns indudmw manual8 t1v￿les. Wes. models fufnltu
worfvshop equipment. prfnts, palnihyand dM¥in¢s plus a ènd e*ensfve photo and tethnlcal alth17￿.
The Invtstsnent ¥nount of £50JXX) Ioecembu 2023 . £50.(Wl Is In re5pert ol • debenture loan rrode to
BrookJand5 Limited, thE tsadry wbsidiary of Brooklands Museum Trust LiTrMted. Thi5 debpnture loan ¥A5 for
perfod of5 yews wlth the balaft￿ reptyable In ful atthe erMI of the terni.. in Practi￿ it is renewed on
a rollln8 basis upon the date of expiry and b ttvefoye due in m¢¥re than l year. It15 the￿1? a)i￿ld￿nI to be
a r￿ed asset In¥estmenL It15 seujred rn the a￿ts ￿ the 5ub5khry o)mp￿ and lrtert 15 Cha￿ed at 1%
above ￿se rate anmAIIy.
Subsldkry.
Countyof
Onllnary Sh•rns Il•ld
8r•)bJands iimtted
Er*nd and Wales
aThl ff*rthandtse ￿latIn¥t0
the 8rooWands N*Jseum
The resutt50fthls gjbth￿ry are5lwY￿ ￿ Nrte 7 to theaccourA
14 Qpltal fgmmi
There we no Contszrttd tapiial comnth￿￿s for the grnup and the comp•ny at 31st pe￿rnber 2024131st
Deomber 2023. É60.0ty)J.
Pag•31 of

Brookiarwjs Museum Trust Limited
Group stsxks held by thetrad1￿s￿bSOdfjary.
De¢-24
Shop stock Gen¥al
Shop Stock ￿￿kS
twingstock. Food and 8edv•qa
40.124
7,115
30.595
77.834
44h58
8.293
27
80,257
Pro¥i51on for51rywn￿VI￿ 5trKk
77.834
11•(-24
TAdodebtrKs
30Jii
ITM4
11374
30JJ39
I81￿)5
by4ubsSth•ry
Piepayrnlnts
oth
297317
2J13
1211
J17
17.
2$0A
211*52
2S0AIO
144547
126A87
Tr•deert4i¢•ts
VAT.ts¥a¥onand S￿41 sttwlty
lits dtjeb) SL*sldiarycornpry
kcrwls **d drf4rr￿
I64.￿¥
7&Z81
23.564
115.206
U2SSJ
lo2￿7
175.719
1&105
9&713
OAlevrndlnvJrn• * iJawy2•t4
8?05
{8.7051
3J
lJJ141
8.705
164J%)
10.193
(12J591
SI￿•￿Are￿¥￿*saIa OelrndtyFC41a￿rytsf
55A91
O•l•vw•d trrtW•# ii0•t•*b*t2024
pa￿ a2 of36

8rooklands Museum Trust Limlted
The aHr
D•tr24
DK.23
Bank loan- (W15
ero￿landS BorKI
145*33
siojx
395.833
510A
145133
510JXA)
395A33
Slo.￿)0
655
33
33
655
33
905A3J
The aro)kJands 8ot41 of£SIO.IYYJ.rela¢esto bonds Issued in ma￿ 2015. Intorest b payablt annually at 3.5%to
. 4.s%d•per￿th8 on the Itrtl oft￿nds155￿ed. The next 8rookW d*will be In Marth 2028.
' There ts an addEth)ml<h￿e+YAfthe Ireohohl pmpertVT*thIth ar￿ on SeCurw￿ fUndI￿frDrn NLHF.
TheC8IL5 loanofB95J33 IwKknK8£250.CaJ paYableknone￿d¢2oI3..£64SJ33 indu￿￿£250,1￿￿)p3v*1e
in one yearl h Secured on all assets ofthe compary
19.
DutsseD￿ He5ty41Jon&
p.ilfj
3*79 .
13SJ56
16JIL
7￿17
)JJ14
55JaJ
117JXg1
U244
5)X)Jl
37Jn
JOJ73
1*50AY
76
* Brooklands Inrtovation Acaderny rs part of the D*oftal Soence Summersthool w081￿rne, uFfounded .'
Profe550r 8rran Cox C8E a￿1 Lonl kndrew Mawson 08E and Well North Erterprises. lo &Jffty. It Is rnpresented
by Brooklaf& Museum dekrtred tn p*tft*tship with 8ourne Educaoon Trust.
' Or￿k1•￿d5 StarlesUncty4wedisaprDiertfunded prKMrlylrythe NationalLotteryHefilageFund. ThLsenable5
work neurfyli¥er8ent, LG6TQ+ and ycwnc people to unco¥v the of hISto￿ people at Bloo￿and9
and tdl thelr sforlessodi%vseo)mn¥Jalttesfeel fewesthted. celol>rated. and inspired ty B¢ookland< heflt4e.
Pa88 33 of35

Brooklandsmuseum Trust Limikd
T#ial
lknre51rfcttdf￿d5
Restrictedfvnds
9.703.5fj4
1.65Qfft)
125.406
IllS90
165SJ331
9.173,13..
IA71590
IL353
655.J331
.727
L•n¢Tevm
T4
1014
Unrestrictvj fvnds
Restrici•Jfvnd5
.717J17
IMomo
1142891
221590
165SA331
g)J47.015
I171￿90
li
107
655 8a3
L•iTern
21113 '
Unre51rfctEd
Ratricted fvDds
9.781m7
1.65QJXKI
19)5.833
9J62I18Z
I￿65.110
215.140
27
905.813
22
Tthl
Ihwe5trttyJ fvrtds
Re5tri¢ted fuftds
9.786508
1.650DXI
517.685
215.140
05￿3>
9.408J60
U65.J40
IIA36
742
33
The ￿$￿Its of the trnthng Jubsithry Bwoo*l•rts Urnlted is slK¥Wll In 14ote 7. the aM￿rrtS due to and
Mana8ement thargesto Bloo￿and$Urntted durw¥ts*yearwere£204.00012023: £l04.L￿). At 31
De￿fflber 2024 8M0￿and5 Limited £23564 p•mt th•th (2023,. ￿0.039 owed to
P3rent wmparyl.
In ye¥. the tharity. Brookl•¥Js MuseurnTrus¢ re￿rIed don*1￿5 frornthe Trustee5totaNin8£2L333.
Page 34 of35

Bfooktands Mu8eum Trust Ltmit¢d
TheCtr•*v
lJw24
DÈ¢-23
(*t43
NEtlncom•ll•¥wdivwellortr*rewti
1182A951
P54.8951
1644.7131
4tli¥ities'.
Deweclallgn th#r8e
L055 on thsposal
Int¥tstinromE 5ha¥JN In
Intere51¢m(OILS
Inwest¢)ts OrookJ4nds
(I￿r￿se￿O¢crE9S¢ in sthck
.11￿reaSe)1d¢£reaS¢In
reisewincreaseln crathbirs
309.775
278A139
294222
157A73
1133111
16362
23.325
2A1¥
P6.7Qll
P4A1351
(20A971
¢9.9491
1636Z
2JJ25
I16￿9$
24030
2430
14J
31.728
439.75$
1S1)M9
S.IY2
16.7951
n6.155
1993
32
363343
Der44
Cash In hènd
776.456
1229WI
522236-
lJ)$9.263
Totsl (ash andcash eouSvalts)ts
776.456
1229*01
522236
IXIS9.263
¢4SaJ451
7768S6
1453J451
tsllln6due¥￿thIll LIVIe￿i
12SIIOOII
1250AKOI
{655M331
73
03
129J
At 31st Decefflber 1024. the group and the tharity had coffln￿to make fvture minrmuffl lease payments
under nonrytantellable opefating leases as follow5.
Notlatwthen I
iat* Iyfj¥•fid ncrtla*rthan S￿ir$
5J17
5917
li￿1
17.778
The1oll￿nI1oaS*￿1)Th￿ty h•¥Eb¢wrwjs￿1% •••pury*lntreSl•lryr•irfA￿ryl•I ￿ti￿lIes.
L479
35 of