CoMp￿Y r¢8istration numbr.. 0218002
ch￿lty 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
9￿19

Bugatti Mobbeim Limited
Trustees, Report
The tr￿s(ttl who are dire¢￿rS for the purp)w of company law. the antt￿l report ￿81￿her with the
fl[￿¢181 swements of the clwitsble for the year endoj 31 March 2025.
TrpJste¢s
A B Ripwjn
H R G Conway (rUi8￿d 21 DecembEr 2024)
A K I￿1th (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 Memo￿UM and
articlcs ot a￿ociation. These acojunts LINnply with the governing ¢knmwL
Member5 of the dwAtabl¢ company ts)ntriE￿Ie if requirul an amount not exce&ling £1 w the assets
ofthe tharitsble eomw in the event of wndtn*u
Organisatsonai Strn¢ttire
The members of the ￿)rnpaThy elea Ihe of dirtctors in *L¥)rkn with th r04ujrem￿ts of Ihe COM￿nIC￿
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 advanC￿ent of education ftsr the benefit of the
Lvnmunity by the <%Èablishment and running ora study iThtre with exhibition faciliii¢s devoted ￿ the history
and techni￿1 imp)ttyKe of Euore Bugatti and ears 8t￿ other prothKJ5 which he creaod, and such other
purp(w ￿ sh￿[ be excI￿8iVe1Y 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 f￿urIng 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 Pres￿ll &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 Ne￿letter
included omonyr others ori8Lnal 8rticle5 on technic*1 and historicwl i$5ues suth as Bugatti's iirplane Propellor
drive systrm by J8ap HoTSt Bu88Ui. Bu8￿1 at the Tar8a Florko from 1923 w 1933 by Yves Kaltenbac
detaehable cyli1￿er head Type 40 ￿￿1￿¢ by maI￿lm Pral4 Bugatii U32 Boats by David cAr￿ter and TyrK 35
oero s¢reen evolution by David Morys. In A￿8￿*1 members %￿re aljo Able to learn frorn pe￿ L4rsen And Ben
Eri¢kson about Bu8otti's relationship iyith Fi8oni. the famous P8risiAn e4rrossier. Peter's exeellenL was
hi8hly illuminaLin8 ind WAS timtsj ￿ eoineide with and bea￿l￿11Y illustyated by the kind loAn to The Tnt5t by
Lut Slijpen of his Figoni bodied Type 38. A recorded and edi￿ film of the talk 5h8r&l with Trust
Members before t¢in8 shared Tr￿1¢ widely vi8 Th¢ Tr￿1.5 YouTube chml. The Trust wls elso ny)
8enerou$ly 8ran*d aceds ￿ the impxtsni Bu8atti rtl*d c•J)trnt of the Swiss bgsed Pearl Colle¢¢bon ivith
which ho￿ ￿ d¢veiop a eloser MThkin8 rel￿￿)n￿1p 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 Cury￿r Angela HuL*e as ever
very W introdu¢in8 a ran8e of yrAm8W People to the *Drtdews of Bug8tti our edu¢ational oUtr￿h arKI
STEM F￿Ar&￿Me. Amon8St her many ini11￿1Ve$ a nwnb¢r sthnd oul ineludin8 the developmen( irt C4)njun¢iion
with the IT￿ltu110n of En8inttrin8 WKI TethDoIo8y of new edu￿tiOnal 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 SF￿1 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 RI￿lm& Coventy's Phoenix Racin8.
Gl&show's OCU Racin8 atwj [￿ICester Racin8 knd ¢)ne SAE Te￿1 in Amerio Berkel¢y Rktin8. A$ PArt of that
s￿n30r5hip onc¢ agwn brou8hL 411 the UK Preswn w coincide with the Bu8atti Owntrs. Club's
British and MIdl￿d Chsmpionship we¢kMd and this has developa in fornat th￿kS to the SUP[￿rt
of The Bu8atli Owners, Club. our w Sup￿rtiVe frien& and immediate nei8htrw)UTS. spon￿rShip 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 trus*es ond voluAteu5 aLaed as jwjges of sever81 VEX Robotics
cs)mwitions ￿ The CO￿￿￿Id 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 sUP￿rt ￿ 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
I￿lIdiNg, at Coventry University in May at whith various speechL% wer¢ made providing an opportunity to
explain the h￿tory 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 Signifi￿li 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 Tn￿L 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 Str￿nble ￿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 a￿ut
Eltore Bugatti and his and his family's many achievements.
Page 3

BugAtti MoL8heim IAmite41
Trustees, Report
Financial reylew
The Tr￿Stee$ 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 s￿1t 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 ex￿di￿jre for the year has only increased marginally at
£12,158.
Swall eompatsies provlsloty stste4ttettt
This reN)rt ha5 t*en werAred in &cs)rdaneewith the sm8110)mrAnies regime uThJer the Comporties Aet 2￿6.
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 re￿rt 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 diTeC￿T5 for the purt)oses ol- wtnpan). 14￿.) y(iu ore
responsible lor the preparation ol-thc aL*ounL5 in aL￿rdartCe 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 ￿ndet￿K.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 re5￿cL 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 s￿dard applicable in the UK and Repul)lic of
Ireland IFRS 10211.
I havc no conecrns and have (J)me aeross no othei ma￿tr5 in conncclion i¥¥th the examination to M'hieh attcniion
should be drai¥n in this re￿rt 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
Gain￿o35C$ on revaluaiion offixed a5%ts
50216
Net movement in fiJnd$
113.724
13.724
2,216
Re£onclllitlon of Ibnds
To￿1 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
s￿Ck$
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
C￿dItOrs. A￿O￿nts fglllng due witbitt one year
Net current agsets
15
{8,0171
21,976
Net assets
861,183
1.747.460
of the tharlty.
u￿r¢strI¢ted Ineome futhds
Unrc5tricied funds
1,801,183
1,747,460
Totsl fvttds
17
1,861,183
1,747 460
The rt0￿s on pa8&$ 9 to 19 fomi an integrd partofthese financial stat￿nent*
Page 7

Bllg2tti Mo]sheiJD Limited
{Reg￿tration 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 a￿lit of its xcounts for the year in quc5tion in
ac￿rdanCe with sedion 476. and
The directors ac*t￿lI,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￿ p*rtof 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 gUot￿te¢, 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¢¢0￿￿tIllg 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 Re￿rtIn8 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 as￿8 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

Bu￿111 Mobheim Limited
Noles to the Financial Ststements for the Year Ended 31 M2r¢h 2025
Dividends are recoBnised once the divkdend bten thltred n¢AifiL*ion been received of th¢ dividald
due.
EXpe0dl￿re
All expendiujre i8 recoBni%d once there is a legal or constru￿1¥¢ obliwion to eX￿ditUre. it is probable
settlement is requÉred gnd the can be measured ffliably. All costs are allo¢a*d b) the applicable
expenditure headin8 that a88re8ate similar costs w that ￿egory. Whue costs c8nnot ￿ direclly a(trt￿ted to
particular headiny they have tr*en all(￿trd on a t*Si5 corL%i5LeTht with the ￿ of re50urte4 with centr81 staff
sts #lloeated on the b&sis of time spen4 a￿1 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 mpnap￿1 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 can￿l￿tion￿ statyw r4uirements.
iThcludin8 audil strale8ic mans8ement snd tru*es meetin8s and reiml¥Jrsed exp￿se9.
Tax*tloA
The ehari¢y Is considered io F4SS the *sts se¢ in Pu•8r￿ I SCh￿ule 6 of the Finanee Ael 2010 knd
therefore li meets the defini¢ion of a ¢haritabl¢ ¢¥)rn[￿Y for UK c4rrmtion l&x purp￿ses. AC￿￿n8]y￿ the
¢horiLy is p)ieniially exempt from txxation in re¥￿( of irteome or c￿1￿1 88ins ￿e1Ve￿ within categories
covered by cha￿tr 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.
Int*￿81b1* ￿lets
Intan8ible 053ets are 5tsted in the Balanee Shttt * cost less ￿e￿mUla￿d amonisati￿ ond 1mp•irn14￿ Th¢y 4r¢
omortis¢d on a str8i8ht lirte 1*8is over their weful lives.
AzDOrtls*tlty
AmortLSaLion is provlded ort inthn8Sble fixed asseLS SO WTi¢e off the co* less zny estimated re5idu#l vAIu<
over their ex￿￿ed usefvl ttonomic life ￿ follows:
Asxt ¢1
Intan8ible a5S¢ts
Am•r¢SsAtkn• method *nd r*te
IO% strni8hi line
Depred•llon Ind *mortls*don
Depre¢l￿10n is provided on tan8ibJe fixed $0 as to Nwite off the L))A or Y￿U￿10￿ less any esiimated
residual valu4 ovu th¢irexF*da ugeful uy)nomie life as follows..
Asset tiAJs
Ltssehold wjperties
Plan¢ ond mathinery
Fi￿￿rt¥ 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 v￿u¢ A¢ the start of the year. or their subsequ￿1 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￿$e
ofthe Trust's activities.
Trade debtors are reco8nised inili8lly at the tron￿110￿ price. They are subsequendy measured #t amortis¢d ¢os¢
usinB the effective interest method, less provision for impaimienl. A provision for the impAirnLent of trade
debtors is established when there is objective evid¢ne¢ th•¢ the ¢hAri¢y will not be able w colleci all Amounts due
A¢¢ordin8 ¢0 the ori8in&l temis ofthe receivables.
Caih and ¢a$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 insl8nific￿t risk of
ch&n8e in value.
Trade ¢redltors
Trnde creditors are obligations to pay for 8ood5 or services thai have been acquired irt the Ol￿1n1ry 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 [￿n￿urren1 liabilities.
Trade ¢redltOT3 are recognised initially ￿ the transaction priee and $ub5equently measured at 8mortised cost
usin8 the effec¢iv¢ int¢rest method.
F￿ryd Struc￿re
Unr¢stri¢ted income hjrtds are getternj fund$ 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 pre￿yMe0L
cluss1fle￿lOff
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¢ $ybstanee of the contrnctu
arrangements eThtered inio. An equity instrument is any ¢ontract that evideneu a resldual Interest In the assets of
the chwity afler dedu¢Lin8 all of its liabilities.
Recognlllon ¢Tndm¢4sur¢men¢
All fIn￿ciAl assets and liabilities are initially measured at tronsactlon wlee Ilncludin8 ¢ronso¢lion ctsxts), except
for thos¢ rtnancial asseLS elassifjed as Ai fair value through profil or loss. whieh are initially M￿SUred ai falr
value (which 15 normally tjie trans&¢tion price exeludin8 transaction eostsl. urtless ihe arrangement C41n3titutes 4
flnancing transaclion. If an 8rr8n8emenl constituLes A fifianeing transaction, the financial a85¢t or fin8ncial
liability is meosur¢d ai th¢ present value of ihe futujr payments discounted at a m#rket rate of Interest for a
similar debi instrumenl.
FSnancL81 assets and ligbilitie$ are only offset in the siatement of financial FQ$ition ivhen. #nd only when there
exists a le88lly enforceable ri8ht lo seL off the reeognised amounts and th¢ chRrity intends either to seitle on a
net bosis. or to r¢#lis¢ the 88g¢t Settle the Ilablllty Simul(￿￿￿51y.
Financial assets are dere¢ognised when and only ivhen A) the eontrllciual rf8h¢s to the cash flows from the
ftnaneial Asset expire or 8re settled, b) the eharity transfers ￿ another porLy substantiolly dll ol. the Tlsks and
rewards of o%vn¢r3hip of the financial as8eL or ¢) the Ch￿1¢Y, d¢5piLe havin8 retained some. but not ail.
Si8nifJcon( risks and rewards of ownership. has tI￿$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 P￿fer￿ce shares ond notyttable ordinary or prefe￿nCe shares Iwh¢r¢ 5haT¢8
are publiely traded or their fair value is r¢ligbly M￿Ul￿ble) 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 M￿ured 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 v￿ve is a quoted Priec for an identical assd in an a￿1ve 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 t￿l been a signiflcartt change in e¢oE￿niC 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 Id￿11¢￿ 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
AdmiSs￿nS
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 r￿ed ￿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 fi￿1 assets
Totsl
Cost
Addiiions
15
15J60
At 31 bAarch 2025
15
15J60 ￿60
AmortisatioD
ch￿8¢ 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 J￿769
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
Accru￿5
1082
11.015
5.935
Pase 18

Bugatti Molshefim Limiled
Notes to the Finanelal Sl*t¢m¢nts for the Year Ended 31 March 2025
16 Pewlon aDd otber scheme5
D￿lled ¢ontributioD pension schene
The charity a defJn¥J contrÉbution tthsion *hcm& The ws1￿] cost dwge for the year reW¢s￿ts
contri￿tionS payable by the charity to the scheme and a￿￿)Unted to a907 (2024- £2.684).
17 FU￿d$
B*l*De¢ *1 I
April 2024
Res0￿re
e4>ended
B•lall¢e at31
MArelL 2015
Ullrestriet￿ ftyods
General
,747 459
313
B*lallee at I
April 2023
Bal*ttee *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)
To￿1 expendiiure
Net income
1250,333}
1238.175)
63508
20234
Other recogni5ed and losse5
Gain￿oSseS 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 InC￿e
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 mainl￿anCe 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
Tot*1
2025
Total
2024
Indepeodeni exwDitKes fee
Lc8al and wofe5sional lees
Bknk char8es
AMOrti￿li0rt 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 reValU￿10n of Inves￿¢￿ty
50.216