CoMpY r¢8istration numbr.. 0218002 chlty re8istration numbtr.. 298099 Bugatti Molsheim Limited (A ¢omp4ny Ilmi¢¢d by gu4rnntee) Annual Repoi* and Fltt8n¢ld Statemertts for the Y£ar Ended 31 Marth 2025
Bmgatd Molsheim Limited Contents Ito4 Independeni Ex4mln¢fJ Report Ststement of FlrtAttciAI AetlvltEes Balance Sheet 7w8 Note4 to th¢ Fin4n¢i•l Statements 919
Bugatti Mobbeim Limited Trustees, Report The trs(ttl who are dire¢rS for the purp)w of company law. the anttl report 81her with the fl[¢181 swements of the clwitsble for the year endoj 31 March 2025. TrpJste¢s A B Ripwjn H R G Conway (rUi8d 21 DecembEr 2024) A K I1th (US) C D Dean (Died 28 May 2025) J VenabltrLlewelyn A C Trevetylrt RADay S J AdamsthDiffey governatt¢t lod Legal Status The ¢b8rity is constithted os a comwby Ismiod by 8Umtee 8ThJ is therefore 8overned by a MemoUM and articlcs ot aociation. These acojunts LINnply with the governing ¢knmwL Member5 of the dwAtabl¢ company ts)ntriEIe if requirul an amount not exce&ling £1 w the assets ofthe tharitsble eomw in the event of wndtnu Organisatsonai Strn¢ttire The members of the )rnpaThy elea Ihe of dirtctors in L¥)rkn with th r04ujremts of Ihe COMnIC A¢t 2006. tkning the year the Tntst hod rme fvll time emth Sllsan Barro plus three E•rt time employees. Curator An8ela SMtorArchivist DAvid Morys 4TwJ Atthivisi Mark Ed%wd8. Objectives And xetlvhlL8 The company is a (hritsble Tru# obiedives are the advanCent of education ftsr the benefit of the Lvnmunity by the <%Èablishment and running ora study iThtre with exhibition faciliii¢s devoted the history and techni1 imp)ttyKe of Euore Bugatti and ears 8t other prothKJ5 which he creaod, and such other purp(w sh[ be excI8iVe1Y ch8ritsbl<
Bugatti Molsheim Limited Trnsttt8' Report Achlevements and perfonDADce 2024 marked the centcnary ofthe Grnnd Prix Bwi the Frenth Grand Prix at Lyon in 1924 and every opp)rtunity t&ken to celebrate the annivasary. These r#nged frorn an Exhibition dcdie4ted to the Type 35 furIng the Nation Mots)r Museum's kind loan of the Type 35 drivert at Lyon by Friderich to 4 yjccessful knnze losl wyx sculpture project in collaknration with the sculptor Tim PotL8 who depteted one tsf the Type 35$ at the raee entrring the farn Virnge des Septs Chemiiis eorntt. The acthal anrtiversary day ¢J)ineided with VSCC Presll &nd The TnJ ran thawing kSh Yegular educwionol talks and o live link to a group of Bu8attistts in LY( w mvk the ny)rnerlous ¢as1 The Trusi had a twsy year on the educational fronL For those altyady farniliar with Bugattis The Neletter included omonyr others ori8Lnal 8rticle5 on technic1 and historicwl i$5ues suth as Bugatti's iirplane Propellor drive systrm by J8ap HoTSt Bu88Ui. Bu81 at the Tar8a Florko from 1923 w 1933 by Yves Kaltenbac detaehable cyli1er head Type 40 1¢ by maIlm Pral4 Bugatii U32 Boats by David cArter and TyrK 35 oero s¢reen evolution by David Morys. In A81 members %re aljo Able to learn frorn pe L4rsen And Ben Eri¢kson about Bu8otti's relationship iyith Fi8oni. the famous P8risiAn e4rrossier. Peter's exeellenL was hi8hly illuminaLin8 ind WAS timtsj eoineide with and beal11Y illustyated by the kind loAn to The Tnt5t by Lut Slijpen of his Figoni bodied Type 38. A recorded and edi film of the talk 5h8r&l with Trust Members before t¢in8 shared Tr1¢ widely vi8 Th¢ Tr1.5 YouTube chml. The Trust wls elso ny) 8enerou$ly 8rand aceds the impxtsni Bu8atti rtld c•J)trnt of the Swiss bgsed Pearl Colle¢¢bon ivith which ho d¢veiop a eloser MThkin8 rel)n1p to the muthAI ben¢fii of t4)n¢4 in¢ludin8 the m¢mtrtts of Th¢ Tru4, As reB8rds edue8¢ion of those with less wior kwl¢ of 8u8&ttis, our Curyr Angela HuLe as ever very W introdu¢in8 a ran8e of yrAm8W People to the Drtdews of Bug8tti our edu¢ational oUtrh arKI STEM FAr&Me. Amon8St her many ini111Ve$ a nwnb¢r sthnd oul ineludin8 the developmen( irt C4)njun¢iion with the ITltu110n of En8inttrin8 WKI TethDoIo8y of new edutiOnal resources focusin8 on design and ysics. As usuol The Tnjsl ¥4)n59red a number ofartivilies in Mthi¢h the younBer 8eneration throu8h activity learn desi8n. m8nufaetitrin8 and other vitsl skills in¢ludin8 wm wwk. Sponsorships ranged from Bath University's hydro8en land SF1 record atwnFrt enwDe iyhith ran 5ULV55ful in tests to extended SFonsorship of 5 Fonnula S(udeni in the UK nomely Brists>l's UWE Racin& Cardiff RIlm& Coventy's Phoenix Racin8. Gl&show's OCU Racin8 atwj [ICester Racin8 knd ¢)ne SAE Te1 in Amerio Berkel¢y Rktin8. A$ PArt of that sn30r5hip onc¢ agwn brou8hL 411 the UK Preswn w coincide with the Bu8atti Owntrs. Club's British and MIdld Chsmpionship we¢kMd and this has developa in fornat thkS to the SUP[rt of The Bu8atli Owners, Club. our w SuprtiVe frien& and immediate nei8htrw)UTS. sponrShip wntinu¢d of 3 Fl in Schools, Tewns auoss th¢ UK nsmely Ceres Ra¢in8 from The CryN Ov8mmar School in Gloucester, UTC RAcin8 frnm Crewe En8ineeTin8 and Design Univa3ity Tethni¢•i Colle8e and Bishop Vesey Gramm School from SutLOn Coldfield Various truses ond voluAteu5 aLaed as jwjges of sever81 VEX Robotics cs)mwitions The COId Sdwl wher¢ SPDTthr the inh)use rO¢S club We are deli8hLed Lo havc continued our support for the JCB Academy Ivhich aims to provide a sclvjol gJu¢¥tion aptrfowiate for en8ineets of the future and a5 part of that sUPrt spmS¢4 the Pre 16 learrw of the yclr #wlrd a( the JCB Academy's •nnual prize 8LVln8 ceremiiy.
Bugatti Molsheim Limlted Trustees, Report One of the ycar's highlL8hts wa5 the opening of the Bugatti Hyper Studio, inside the new Delia Derbyshire IlIdiNg, at Coventry University in May at whith various speechL% wer¢ made providing an opportunity to explain the htory and aims of The Trust. Special thonks ar¢ due to Hu8h Price. son of Barrie Pric¢ our f¢)rnier Chaimian, Ivho v¢ry appropriately made one of those speeches wven his father'5 insti8ation of the close lationship with Coventy University- The Horton family very kindly displayed their Type 35B Bugatti in the building and thekrefforts were Mvorded with a great deal of interest in their w. Security ol. assets owned by or loaned to The Ttwt is always seriously and during th¢ financial year signifJc8nl ttvndjtu w&$ made to upBrade security includin8 twl 5ewily wn¢rns Jnd physical barriers to make forced ettty into The Trust's premises evert more difficult. No accouTht of the financi year would be u>mplete without reference to the on80in8 a¢¢ivitt¢s of The Trust's Arthive 8md the Signifili expenditure Made on the digitisation pro8ramme lead by Mark Edwdrds. Archivist and Digitisalion Mangger ond assisted by David Mory& Senior ArchivisL Expenditsire of £15,360 was ineurred princÉpally on developing a new platform w provide access os appropriate to our Arehive 8rtd scannin8 approximately a further 30,000 document page5 in the Ar¢hiv& Work continues to develop our Archive web platform and sean more documents and paTts of the Archive should be accessible online later in 2025. Those eosts were more than matched by very gentlD$ th)nations received (rom many soutres incluthng The Americart Friends of the Bugatli Trust and the estate of Geoffrey St John. A 5pEeific donation 8Jso made by an American friend of the Bu8atti Trust to assist in the digiiisation of reeords ereated by H G Conway. Without such much-apprcciated financial 5UPlY)rt The Trust would not be able cany oul ils cutrent huge rafige of activities. One pleasing inera%e in the number of people introduced to Bu8aryi's wDrks artd also in revenue has arisen from the initiative of our Comparty Secretary Sue Bame5 who E¢en instrumental in growing the numi*r of Group visits lo The Tft. Such visits have rcsultcd in additiond members 8nd a wider awdreness of the activities of The TnL With our Ctjrntor pwenting the overall Bugatti story &s well as our educa¢ional our tswstets Charles Trevelyan. and Rithard Day and volunteeL% David Carpenter. and Hugh Price have guided many of th¢)se tour5 and their ¢oll¢c¢ive success in doing so is much appreciated. Pop ups or8anised by The Trust at The Classic Motor Hub and at the October 2024 Bicester Strnble 30 helped rnise our profile with the wider publi¢. Visiiors ort tours of The TTUSL may have noticed me artefa¢ts a¢quired during the ¢ou]Ye of the year including a TYEX 73C engine aloftg with various other Types 73C, 251 and 252 relatcd items 8enerous]y doDat¢d by John Barton and his daughter and the beautiful photogixph of Ettore taken by society photO8izphu Teddy Piaz. In addithon, a ivonderfully inforniative secli¢)ned GP hollow front axle was dona¢¢d by Hugh Lannour. Finally. refarnce must be made David Weguejin who h&$ for Jo many d¢¢ades ¢herished and made a¢cessible &s required the pri¢eless film footage belonging to The Tn]sL That film material has now i (aken back in house and we all ¢)w¢ an enorn)ous debt w David for his invaluable supp)rt for the TTUSt over so many The Trust continues to flourish on the basis ofthe elose 8nd valued c¢)llt&c¢ with many of i¢s members and the significant efforL8 madc by its stalf, volunteeiB 8nd Trustees. It was for Lllstanee volunteers Ro8er 8nd Rosie Thomas that made it SSIble for The 8ugatti TNst to have an educational up in France at the 2024 edition of the Vintage Revival Monthléry markin8 its cencertary. My thanks arc due lo all of them, often in lime eon$tsxined ¢iKumston¢4 for the part they have played in makin8 this financial year yet another successful and enjoyable year in Th¢ Tn]st's long history of providing L resource accessible )r1dly1d¢ for leaming aut Eltore Bugatti and his and his family's many achievements. Page 3
BugAtti MoL8heim IAmite41 Trustees, Report Financial reylew The TrStee$ continue to beli¢v¢ it is atffOWi¥t¢ lo owintain a high levej of res the majority of whith are invetsl to generdte in¢t to be s1t in the turtheTanLf of the Charitie5 objectivcs. Thc level of reserves h&$ increased frnm £1.747,460 to £1.861.183. This is due to a LX)mbination of a£55.432 increfjse in income. eoupled with a £68.234 rise in the value of investments. The exdijre for the year has only increased marginally at £12,158. Swall eompatsies provlsloty stste4ttettt This reN)rt ha5 ten werAred in &cs)rdaneewith the sm8110)mrAnies regime uThJer the Comporties Aet 26. The a[U81 retort VAS amvedby the trustees of the dwity on.. . ... and St on its behalf by: ABRI
Bugalti Molsheini Limited Independent Examiner's Report to the trustees of Bugatli Molsbeim Limited ('the Compan) ) I rert to the charit), Iru5tees on In!. e%aminatsoD of the a¢¢ounts ofthe Ci)mpan)' li)r thc }'car ended J l Nlareh 2025. Responsibilities and basis of report As thc charli) s (rustccs of the Compan). (and also diTeCT5 for the purt)oses ol- wtnpan). 14.) y(iu ore responsible lor the preparation ol-thc aLounL5 in aLrdartCe i%'ith ¢Jw requircmcnts ofthc Companics ACL 2006 I'the 2006 AeL-I. Flavino satisfied rn)'self th th¢ arcounts of the Compan)" are noi required to be audiled urtdeT Part 16 of the 2006 .4cl and arL tligible for independent exdminatiort. I rep)rt in res£1 of m%" examination of}(iur ¢harit) 5 accounts carried oui under SiC(ion 145 Ol- the chariti Aa ?0 I I l-the ?01 l Aa-"l. In c2rTh'ing OUL niy examination I have lollmi'ed the Directlolls gil'en b). the ChaTits' Commission under section 14515iibl of the 7011 Aci. Ind¢pendent exanjiner's Statement Since tlic Compan5'5 oross irtC4)me exceeded £?iO.IMM) j'our examithtt niug be a nietnber of a IK)dy lisied in seciion 145 01-(hc ?0 I I ACL. l eonlirni thai l am qualifjcd to ndetK.c thc oKaminaliun because l ani a metnber of ACA. 14.hsch is onc ol the lisied iK)dies. I hai'e compleLLd ms examinaiion. I conlimi thai M mallers hai'c come io m! allerttion in eortneciion il'ith the examination gii.ing me cause to kliei'e.. l. accouniing recor¢l% il'ere not Le in re5cL ol-Bu8alli Molsheim Limifrd r¢4uir¢d b) se¢tson i86 ofih¢ 2006 Ac(: or 2. the accounts do not accord 14.ith those records- or 3. the acu)unLs d(} nol compl). ii.ith the accountin2 requirements of seeLion 396 of thc 2006 Aci othL'r ihan ans rcquiremenL that the accounts 4i&e a -true and fwr i4"hicli is not a matter considered as part ol'an independ¢nL eiarninauon= or 4. the aLcounts haN'e not been prepared in accordance ii'ith the meth(th 2nd prineiples ol- the ST2tLtnenL al- RecommLndL'd PraLLire lor ar(ounliD4 and retK)rtino chariiies lapplicable io ehariiies prcparing their accounts in accordanLY i%ith the Financial Rep(inine sdard applicable in the UK and Repul)lic of Ireland IFRS 10211. I havc no conecrns and have (J)me aeross no othei matr5 in conncclion i¥¥th the examination to M'hieh attcniion should be drai¥n in this rert in order to enable a proper llthderstsndithg ofthe a¢¢£)unts w be reached. MT% Bonnie Contsoll). ACA Page
Bugattl Molshelm Llmlted Statement of Flnanelal Attfvitl¢$ for the Year Ended 31 March 2025 (In¢ludiDg Income and Expellditure Account and Statement of Total Recognlsed Galns L4)sses) Total 2025 Tot#1 2024 UDrestrleted Not¢ In¢om¢ And Endowments from: Dona¢ions and legacies Chgrit4ble 8¢1ivi¢i Investment irtcome 211.664 26.718 211.664 26.718 75.459 162.986 25,35fj Total ino)me 313 841 Expendlture on: Raising fvnds Charitable activities (4.387} 245 946 14J87) 245,946 12,160) Total expendiwre 230 333 Nei ineome 63,508 63 J08 20,234 Other r¢¢ogntsed g•ln$ ind losi Gaino35C$ on revaluaiion offixed a5%ts 50216 Net movement in fiJnd$ 113.724 13.724 2,216 Re£onclllitlon of Ibnds To1 fvnd8 brou8ht forward Total fijnds carnled foThvard 1747 459 1747 459 1745 244 17 1861 183 861183 1747 460 All of ¢h¢ charily's 4divi¢ie5 derive from LX)nLinuin8 operations durin8 the above Thvo periods. The funds breakdowm for 2024 is Showm in note 17. The noieg on pages 9 to 19 fomi an irtte part of these fingncial ststements. Page 6
Bugatti Molsheim Limited (Regtstratlon number: 02180021) Balance Sheet 2$ at 31 March 2025 2025 21124 Note Flxed assets Inthngible gssets T8n8ible 2s5ets Invcstments 13,824 10 518.614 i Jo 11 769 1839,207 511.867 31,553 1,743,420 Currettt assets sCk$ Debtors CAsh at bank and in hartd 12 13 14 6,448 1.953 21J92 4,097 4,420 29.993 20,718 16.678 CdItOrs. AOnts fglllng due witbitt one year Net current agsets 15 {8,0171 21,976 Net assets 861,183 1.747.460 of the tharlty. ur¢strI¢ted Ineome futhds Unrc5tricied funds 1,801,183 1,747,460 Totsl fvttds 17 1,861,183 1,747 460 The rt0s on pa8&$ 9 to 19 fomi an integrd partofthese financial statnent* Page 7
Bllg2tti Mo]sheiJD Limited {Regtration number: 02180021) Balance Sheet at 31 Marth 2025 For the financial year Ing 31 March 2 the charity entitled to exemption from audkt under section 477 of the Compnies Act 2(K16 relatin8 w small c(MnE4nie& Direaorg rtsp)thsibilities: The membtf5 havc not required the charity to oirtain an alit of its xcounts for the year in quc5tion in acrdanCe with sedion 476. and The directors actlI,1ed8e their rewLsibÉlities for complyin8 with the requirements of the Ad with respect to accountin8 records and the prerAratioTh of accounts. e financia] staktnertts on geS 6 to 19 MtTe apm)ved by the truste4 and 8Uthorised for issue on signed on their behalf ty.. ABRI The notes on psges 9 to 19 forni an integr prtof fmgncia] staternents. Page 8
BllgAtti MoL8heim Limited Not&s to the Fln2nci21 Statements for the Year Ended 31 March 2025 I Charity Status The charity is limited by gUotte¢, incorpornted in England & Wales, and consequently does no¢ hove sho capitsl. Eaeh of the tn]St is liable to eoThtribute an #mount rLOt exceeding £1 towards the assets of the charity in the event of liquidatiott. The addre&s of its registered otYLce as: Preseoti Hill Gotherin8lon GL52 9RD 2 A¢countI% poll¢les of 51gnlfi¢ant 8¢¢0tIllg polId and key 4¢¢0Untlng ¢stlmates The prin¢ipal occounting poli¢ies applied in the preparation of these finartcial statements are $d oui beloiv. These policies hav¢ been ¢onsi$tendy applied the years presented. unless otherwise ststed. Ststement ofcompliADce The flnaneial statements have been prepared in accordance with A¢wunting and Rep)rting by Charities: S¢atemenL of Recommended Pra¢tice {appli¢able to charities preparing their accounts Èn accordance with the Financial RertIn8 Standsrd applicable in the UK and Republic ol. Ireland IFRS 102)) (issued in October 2019) - (Chatriti SORP {fRS 102)), the Financial RerK)rting Standard applicable in the UK snd Republic of Ireland (FRS I0214nd the Comwiies A¢¢ 2(A)6. Basis ofprepAratio Bu8atti Molsheim Limited meets the definition of a public benefit entity under FRS 102. Assets 8nd liabilitie5 are irtitially reeognised #t historical cost or transaction value unless othenvise Ststed in the relevant #ceountin8 poli¢y notes. Goltsg eotteern The trustees eottsider that there are no material unce]nti atrrf)uL the charitys ability to Conlinue as a going concern nor any si8niti¢an¢ arw of uoc¢rtainty that affect the earryin8 value of as8 held by the Charity. In¢om¢ endowmettts All income 15 recognised once the charity has entitlement to the income, It is probable that the income M'ill be rtteiyed and the arnouTht of the Income receivable can be measured reliably. Donallons andlegacles Donations are reco8nised when th¢ ¢hariLy has been notified in writing of both the amount ar settlement date. In the event thal a donation is subjeet to conditions that require a level of performanee by th¢ ch'Ity before the chariÈy 15 entltled to the fijnds, the income is deferred and nol recognised until ¢ith¢r those eonditions are fully mek or the fulfilment of those condiuons is ivholly ivithin the control of the charity and it is probable that these eondiLions wll be fjJlfilled in the reportin8 period. Po8e 9
Bu111 Mobheim Limited Noles to the Financial Ststements for the Year Ended 31 M2r¢h 2025 Dividends are recoBnised once the divkdend bten thltred n¢AifiLion been received of th¢ dividald due. EXpe0dlre All expendiujre i8 recoBni%d once there is a legal or constru1¥¢ obliwion to eXditUre. it is probable settlement is requÉred gnd the can be measured ffliably. All costs are allo¢ad b) the applicable expenditure headin8 that a88re8ate similar costs w that egory. Whue costs c8nnot direclly a(trtted to particular headiny they have tren all(trd on a tSi5 corL%i5LeTht with the of re50urte4 with centr81 staff sts #lloeated on the b&sis of time spen4 a1 deweci•tion dhar8e5 alloc4ted on the wtion of the as5e¢'s us¢. Other supp)rtoxts #re #llotated trAsed on the swt&l of #Aff C4)4& These are Costs tn¢uThd in attrathn8 5vlun1 iTK4)nK the mpnap1 of investments and those incyrrcd in tradin8 aCtiviti&% thht rAise fijnds. Covern8nce toits These include the ¢ts #ttributable to the ¢h#rity'S O)mplianee canltion statyw r4uirements. iThcludin8 audil strale8ic mans8ement snd trues meetin8s and reiml¥Jrsed expse9. TaxtloA The ehari¢y Is considered io F4SS the sts se¢ in Pu•8r I SChule 6 of the Finanee Ael 2010 knd therefore li meets the defini¢ion of a ¢haritabl¢ ¢¥)rn[Y for UK c4rrmtion l&x purpses. ACn8]y the ¢horiLy is p)ieniially exempt from txxation in re¥( of irteome or c11 88ins e1Ve within categories covered by chatr 3 Parn I l of the Corpor4uon TAX Aa 2010 or Sedion 256 of the TwÈion of Ch8r8eable Ggins Act 19Y2. the exwit that income orgains or¢ •ppliAI Éxdusively to ch¥itsble puryx)ses. Int81b1 lets Intan8ible 053ets are 5tsted in the Balanee Shttt * cost less emUlad amonisati ond 1mp•irn14 Th¢y 4r¢ omortis¢d on a str8i8ht lirte 18is over their weful lives. AzDOrtlstlty AmortLSaLion is provlded ort inthn8Sble fixed asseLS SO WTi¢e off the co less zny estimated re5idu#l vAIu< over their exed usefvl ttonomic life follows: Asxt ¢1 Intan8ible a5S¢ts Am•r¢SsAtkn• method nd rte IO% strni8hi line Depred•llon Ind mortlsdon Depre¢l10n is provided on tan8ibJe fixed $0 as to Nwite off the L))A or YU10 less any esiimated residual valu4 ovu th¢irexFda ugeful uy)nomie life as follows.. Asset tiAJs Ltssehold wjperties Plan¢ ond mathinery Firt¥ fJttin8 & equiEffia D¢pr¢¢l•dott mttbod And rAt Str8i8ht lir OV the life of the le 2% sti¥ight line 20% rducin8 trAi¥n¢e P88¢ 10
Bugatti Molsheim Limited Notes to the Flnanelal Statements for the Year Ended 31 MAreh 2025 Flxed Asset lttvestmertts Fixed asset Irhvesttnents. other pN)8ramme related investmenw are included & market value at the balance sheet dale. Re&lis¢d and losses on invtstments are calculated as the ditTerence between sales proceeds and their market vu¢ A¢ the start of the year. or their subsequ1 W54 are ¢har8ed or ¢r¢dited kn the Sta¢em¢nt of Financial AdivilÉes in the period of disp)581. Unrtalised gains and losses represent the movement in markeL values durin8 the yeAr and are credited or chorged to the Siatement of Financial Activitie5 bAsed on the m8tl(et value at the yeor end. Stoek Stock LS Valued at the lower ofcost 8fftd estim&ied s¢llin8 pflce less costs to eomplet¢ and 5¢11. aft¢i' due rewd for obsolcte and slow m¢)vin8 swcks. Cost is d¢mIlned usirt8 the firtt-i fiT5t-oul (FIFO). TrAde debtors rrade debtors are amounts du¢ from memb•% for merchandise sold or 8eivices perfomed In the Ord5n Co$e ofthe Trust's activities. Trade debtors are reco8nised inili8lly at the tron110 price. They are subsequendy measured #t amortis¢d ¢os¢ usinB the effective interest method, less provision for impaimienl. A provision for the impAirnLent of trade debtors is established when there is objective evid¢ne¢ th•¢ the ¢hAri¢y will not be able w colleci all Amounts due A¢¢ordin8 ¢0 the ori8in&l temis ofthe receivables. Caih and ¢a$h equlvaknts Cash and cash equivalents comprise cth on hand knd CAII dePJs1 and other shortw*mi hi8hly liquid investrnents are readily eonvertible to a known amount of cash and are subject to an insl8nifict risk of ch&n8e in value. Trade ¢redltors Trnde creditors are obligations to pay for 8ood5 or services thai have been acquired irt the Ol1n1ry course or business from suppliern. Accounts payable are classSfLed LI rreTr( liAbili¢i¢5 if the charity does not have an unconditional ri8h4 at th¢ end of the reportin8 period, to defer settlement of the creditor for a¢ least hvelve mnths aftei. the reporting date. If there is an uncondiliorhol righi defer settlement for aL least twelve months after the reporting dAie. they are presented as [nurren1 liabilities. Trade ¢redltOT3 are recognised initially the transaction priee and $ub5equently measured at 8mortised cost usin8 the effec¢iv¢ int¢rest method. Fryd Strucre Unr¢stri¢ted income hjrtds are getternj fund$ that tre available for at the tNstees discretlort in furtheranee or the objectives of the charity. Pagell
Bygatéi Mol8h¢im Linjited Not¢s to the Fillancial Statements for the Year Ended 31 Mareh 2025 Pen51ons other post retlrtment obllgAtloms The charity operates a defined eontribulion pension s¢ which is a pension plan uttder which flxed contribuLions are paid into a pension fund and th¢ charity no legal or constructive obli8aiion to Pgy further ¢ontributions even if the ful does not hold $utTicient to pay all employtts the benefits rel&tin8 to ¢mployee 5erwice in the currtnt artd prior perlods. Conthbuiions defined ojntributiot) plans are recognised in the Stot¢ment ot Finonci41 Adivities when th¢y Jr¢ due. If contribution pAyments exceed the contribulion due for s¢ryi¢¢. th¢ ¢xcess 1$ r¢co8ttised 08 a preyMe0L cluss1flelOff FinAncial assets and linancial liabilili¢3 ar¢ T¢¢O8ni8td Mrtlen the charfty knmes a party LO the Conir(lIdj provisions of the instrument. Financial liabilities and equity irtstruments are Classified cOrdin to ¢h¢ $ybstanee of the contrnctu arrangements eThtered inio. An equity instrument is any ¢ontract that evideneu a resldual Interest In the assets of the chwity afler dedu¢Lin8 all of its liabilities. Recognlllon ¢Tndm¢4sur¢men¢ All fInciAl assets and liabilities are initially measured at tronsactlon wlee Ilncludin8 ¢ronso¢lion ctsxts), except for thos¢ rtnancial asseLS elassifjed as Ai fair value through profil or loss. whieh are initially MSUred ai falr value (which 15 normally tjie trans&¢tion price exeludin8 transaction eostsl. urtless ihe arrangement C41n3titutes 4 flnancing transaclion. If an 8rr8n8emenl constituLes A fifianeing transaction, the financial a85¢t or fin8ncial liability is meosur¢d ai th¢ present value of ihe futujr payments discounted at a m#rket rate of Interest for a similar debi instrumenl. FSnancL81 assets and ligbilitie$ are only offset in the siatement of financial FQ$ition ivhen. #nd only when there exists a le88lly enforceable ri8ht lo seL off the reeognised amounts and th¢ chRrity intends either to seitle on a net bosis. or to r¢#lis¢ the 88g¢t Settle the Ilablllty Simul(51y. Financial assets are dere¢ognised when and only ivhen A) the eontrllciual rf8h¢s to the cash flows from the ftnaneial Asset expire or 8re settled, b) the eharity transfers another porLy substantiolly dll ol. the Tlsks and rewards of o%vn¢r3hip of the financial as8eL or ¢) the Ch1¢Y, d¢5piLe havin8 retained some. but not ail. Si8nifJcon( risks and rewards of ownership. has tI$r¢rred conlrol of the Assei to artother party. Finaneial liabilitie5 ar¢ dereeo8ni5ed only when the obligation specified in the ¢on¢ract is diseh8r8ed. c&ncelled or expires. IKvesiments InvestmenLI in norhweortvertible Pferce shares ond notyttable ordinary or prefenCe shares Iwh¢r¢ 5haT¢8 are publiely traded or their fair value is r¢ligbly MUlble) are measured ai fair vAlue Ihmu8h profit or loss. Where fair value cannoL be measured rtliobly, investsnents are measured at C05t le55 impaimienL lttvcstmcnts in subsÈdiaries and 4swiaLes are me&qured at eost less impaimient. For inv¢s¢ments in subsidiaries acquired for consideration including the issue of shares qualifysn8 for mer8er relief, ¢ost is Mured by referencc to the nominal value of th¢ shares issued plus fair value of other consid¢Tg1ion. Any premium is ignored. Page 12
Bugatti Mo15heim Limited Notes to the Financial Ststements for the Year Ended 31 March 2025 The bcst cvidencc of fair vve is a quoted Priec for an identical assd in an a1ve markeL When quoted priees art unavail8bl4 the price of a recent trnns8dioth for wy idthiical assd provides evidthce of falr value as long as there has tl been a signiflcartt change in e¢oEniC circumthees or a signific8ni lapse of titne sinee the transarfion 0k plxe. If the mat*d is no¢ active and rec¢ni transa¢thons of on Id11¢ ass# on their own not a estimate olfair valu4 the fair value is cstimatcd by sIng a valuaLion te£hnkquL Unrestritted Total 2025 To¢AI 2024 GM¢r41 Donations and le8aci4 AdmiSsnS Dona¢ion5 from individuals Gift aid reclaimed 7.465 202.058 2.141 7.465 201058 1141 7.648 152208 3.130 162.986 4 Investment infome fllmds Gelltral Total 202S Total 21124 Interest receivable and similar incom< Interest receivable on bank detosits Other income from red tt investmer 404 75.055 276 69.791 75.055 75.459 75.459 70.067 Page 13
BugAtti Molsheim Limited Notes to the Floan¢ial Statemettts for the Year Ended 31 March 2025 5 AD•lysl$ of governance supptsrt eosts Govern#ttee Costs Unrestrleted rund$ G¢ner*l Tot•1 21)25 Tot•1 21)24 ststT¢osts Woges and salaries Social security wJts Pension cosL8 Other 5thff costs Le801 fees Marketin8 Lnd publicity Depreciaiion. amortisalion and oth¢r similar costs Other governon¢¢ costs 122,807 6.935 2,907 965 1.755 5,802 22.620 122,867 6.935 2,907 965 1.755 5,802 22,620 5.378 2,684 126 3,679 19,360 232 355 6 Net lu¢omlngloutgolng ruouTe Net incornin8 resources for the year include.. 2025 2024 Deprttiation of fixed Sets Pagc 14
Bugatti Molsheim Limited Notes to the Finaneial Ststemellts for the Year Ellded 31 March 2025 7 Stsff costs The aggrcgaÈe PAyroll sts were &$ follows: 202S 2024 S¢*ff costs durthg the yearwere: Wages and salaries Social security costs Pension costs Other staff eosts 122.867 6,935 2,907 965 5,378 2,684 126 133.674 119,689 The monthly averd8e number of persons (ineludin8 senior mana8ement I leadership team) employed by the charity during the year expressed as tiill time equivalents was follows.. 2025 2024 Average Number Employees 412024. 41 of the above employees parti¢ikMted in the Defjned Contrityjtion Pension Scheme& No employee received emolume[ of more than £60,1]00 during the year. Page 15
Bugatti MoL8beim limiled Notes to the Financial Ststem¢nts for tbe Year Ended 31 Marck 2025 8 IDdepeMd¢ttt ¢x*mitteVs reth•Berntio 2025 2024 Other ftts to examiners The ¢xaminin8 of coUl)ts of gny associate of the charity All other servic 42 1,260 3.642 3.660 9 Intangible fi1 assets Totsl Cost Addiiions 15 15J60 At 31 bAarch 2025 15 15J60 60 AmortisatioD ch8¢ for the ye4r l.536 l J36 At J l March 2025 1,536 Net book value At 31 March 2025 13,824 13J24 10 T•Dglbie fixed L8sets LAttd #thd buildthgs FMrnlfvr¢ #ttd Eq•ipJnent Total Cost At l April 2024 Additions 427.558 105,155 IL274 352,496 15,558 885,209 27.832 At 31 March 2025 427J58 I 17.429 368.054 913041 DepretlAtioD At l April 2024 Char8e for the year At 31 March 2025 219.635 8,551 69.642 5.861 373,342 21.085 6,673 228.186 9).738 75J03 394.427 Net book vAlue Ai 31 March 2025 l99J72 29 518614 At 31 March 2024 21.090 281854 511.867 Page 16
Bugatti Mobbeim tAmited Notes to the Financial Statements for the Year Ended 31 March 2025 11 FAI *sset ltswestmeBts 2024 Other investments I J06.769 1231,553 Other iDvestmeDts 14Sted tDvesimt4ts Cost or Valw•tiott At l April 2024 Revaluation Additions Disposa]s 1.231.553 50,216 135,000 1.23 1553 50,216 135.000 i 10.0 At 31 March 2025 I J769 I J06.769 Net bookwallle At 31 Maffh 2025 I J06.769 I J06,769 At 31 March 2024 1231.553 1231.553 12 Stock 21)24 6,448 4.097 13 Debtors 2024 Trade delknrs Prtpayments Other delxors 1,671 915 1.834 1.181 953 4.420 14 Cfish •Dd ush eqwlv4l¢nts 2025 2(124 270 21.322 278 Cash at bank 21,592 12201 Page 17
Bugatti Molshelm Llmlted Not¢9 to the Flnandal Statsments for the Yegr Ended 31 Mareh 2025 IS Credltors: 8moullts f4lllng due wlthln one year 2025 21)24 Trnde creditors Other creditors Accru5 1082 11.015 5.935 Pase 18
Bugatti Molshefim Limiled Notes to the Finanelal Slt¢m¢nts for the Year Ended 31 March 2025 16 Pewlon aDd otber scheme5 Dlled ¢ontributioD pension schene The charity a defJn¥J contrÉbution tthsion hcm& The ws1] cost dwge for the year reW¢sts contritionS payable by the charity to the scheme and a)Unted to a907 (2024- £2.684). 17 FUd$ BlDe¢ 1 I April 2024 Res0re e4>ended B•lall¢e at31 MArelL 2015 Ullrestriet ftyods General ,747 459 313 Blallee at I April 2023 Balttee t31 M8reh 2024 resources eApettd¢d Unrestrlcttd Genernl 1,745244 1.747.460 18 Analys5s of oet a$8ets b¢¢we¢n Unrestrieted fund5 Gtheral Totsl funds at 31 March 2•25 Intzngible fixed assets T8n8ible fixed Fixed &sset investments Current assets Cwmt liabiliti 13,824 518.614 1.306.?69 29.993 8.017) 13.824 518.614 IJ06,769 29.993 {8.017) Total net a II61.l83 .861,183 Page 19
Bugatti Mol$h¢im Limited DetY4iled Statement of Finallcial Activities for the Year Ended 31 M2reh 2025 Total 2025 Total 2024 Ineome Endowthents frtsm: Donations artd lega¢ies (artalysed below) Charitable activities lanalysed below) Investment ineome lanalysed below) 211,664 26,718 162,986 25 J56 Total income 313,841 258,409 Expenditure on: Rai5in8 fund5 lanaiysed below) Charitable aeiivities (analysed Ixlow) {4.387) 245.946 {2.160) 236.015) To1 expendiiure Net income 1250,333} 1238.175) 63508 20234 Other recogni5ed and losse5 GainoSseS on revaluation of fixed &ssets lattalysed b¢lowl Net movement in fvods 118.018) 113.724 2,216 Re¢oll¢lllatlon offullds Total funds brought forward 1,747,459 1,745.244 To&1 funds ¢•rried foNwd 1,861,183 1,747 460 This PAge does fomi pwt of the stsw¢ory finon¢iaJ slatema. Page 20
Bugatti Mo]sheim Limited Detailed Statemellt of FiDancial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Domoilolls aNdlegt7eies Donations & subseriptions Gift Aid tsx re¢laimed Admissions income 202.058 2,141 7.465 151208 3,130 7.648 211.664 161986 Ch4rllable ¢i¢llvllles Sale of drawings Sale of photographs Sale of Fthks Other InCe Rechar8e ofpo$tage afid packing 10,546 11.541 1.889 1.989 753 11303 8,696 1.064 1688 605 26,718 25,356 Inveslmeutlncome Income from listed investhients Interest on cash deposits 75.055 404 69,791 276 75.459 70,067 Other direct costs Purch8ses {3.064) {1 J23) (1.227) {9331 Wa8es and salaries Staff NIC (Employets) Staff pensi¢)ns Staff welfare Prcmises Costs Insurance Repairs and maintrnanc£ Oth¢r establishment costs Scanrting costs Telephone and fax Computer Softwa website and mainlanCe costs Printin8, POSta8e and stationery Charitsble donations Hire of equipment Trdvel and subsistettee Promotion expenses 1122,8671 {6.935) {2.907) (9651 {27.611) 1699) (12,401) {4.769) 15,378) (2,684} {1261 135.224) {6601 (9,613) (4.336) 119,044) {1,708) {49S) {8,411) {5,837) {1,737) {1,240) {3,679) {1.406) (505) {9.872) {15J 15) {1.908) {2.834) (5.802) This p8e docs not form partof the 5talutory financial 5tatemcnL Pa8e 21
BllgAtti MoLqheim Limited Detslled Statement of Finlneial Adivities for the Year EDded 31 Mareb 2025 Tot1 2025 Total 2024 Indepeodeni exwDitKes fee Lc8al and wofe5sional lees Bknk char8es AMOrtili0rt of inthrtBible eLl Depre¢i81ion orrixlures and filtin85 (3.6421 11.7551 (933) 11.5361 21.0841 {3ffj60) {1 J221 19,300) 236,015 245.946 G•lllWlouos on r¢v4ly#tl•n ¢f Ilzed uots IG&inyloss of reValU10n of Inves¢ty 50.216