REGISTERED COMPANY NUMBER: 07754069 (England and Wales)

REGISTERED CHARITY NUMBER: 1147391

Trustees' Report and

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

The National Brewery Heritage Trust Ltd.

(A Company Limited by Guarantee)

Page

Chairman's Report

1

to

3

Trustees' Report

4

to

6

Independent Examiner's Report

7

Statement of Financial Activities

8

Balance Sheet

9

to

10

Notes to the Financial Statements

11

to

16

Over the last twelve months the Trust has continued to evolve and develop its activities and expertise, whilst as the same time maintaining a clear focus on uts key objectives of protecting, preserving and promoting Britain's Brewery Heritage, by utilising both the artefacts and the archives elements of the collection.

During the year the Trust's relationships with both Molson Coors Beverage Company (MCBC) and East Staffordshire Borough Council (ESBC) have continued to develop and have now been formalised inti written agreements which, whilst recognising that circumstances will continue to evolve, establish the roles,responsibilities and obligations of each party and commit then to work together towards mutually agreed and shared aims and objectives.

Our focus for much of the first half of the year, with a deadline of the first week of August, was to provide an industrial, commercial and social history context to the collection, to enable ESBC, its consultants and advisors, to prepare and submit a bid to the national Lottery Heritage Fund. The completed bid sets out the case for repurposing grade II-listed Bass House into a showcase of Britain and Burton's brewery heritage, and to make it the cornerstone of Burton upon Trent's town centre regeneration plans by forming a key element of a broader community space. Plans for the building include innovative interactive displays as well as temporary exhibitions and events, together with research, education and archive facilities.

The Trust will continue to work in partnership with ESBC and their consultants and advisors to develop these plans, leveraging our knowledge of the collection and the brewing and pub industry both to safeguard the collection and identify the work needed to deliver this exciting vision for Bass House and Burton upon Trent.

The continuing financial support of MCBC has enabled the Trust to continue to benefit from the expertise of our Collections Officer, Laura Waters and Archivist, Stephanie Nield, both of whom have made significant contributions to the welfare and management of the collection during the year.

A key part of Laura’s efforts over the year has been spent at the former National Brewery Centre site on Horninglow St., where the artefacts continue to be stored, evaluating the contents and producing an inventory of the contents of the Joiners Shop - a task made even more critical by the Trust’s input being sought on options for the High St. development as well as by the constant pressure on storage space. Laura has also applied the principles embedded in the Trust’s Acquisitions and Disposal Policy to help rationalise specific elements within the collection – in particular various road vehicles, which have now been rehoused in accredited museums, ensuring they are both cared for and accessible to the public, as per the Trust’s key purpose.

Stephanie has been steadily working her way through the archives and library elements of the collection, identifying areas of duplication as well as those items which do not meet the Trust’s collection policy, for which appropriate disposal options are being pursued.

Stephanie’s experience has also proved invaluable in our work to reinvigorate the Trust’s Linked, Digital Archives Project which, due to other priorities, has had to take a back seat over the last 2 years. However, this summer, working with one of the project’s potential brewery partners, St. Austell, together with our software provider, Orangeleaf, and The National Archives (TNA), we are now close to establishing a “proof of concept” for a process whereby the archives of partner companies, once catalogued using software compatible with the TNA, can be accessed via the Trust’s website. This is a key step forward towards realising our vision of enabling a composite search across both the Trust’s and partner brewers’ records, thereby creating a national hub for the UK’s brewery archives.

Alongside these collection management activities and future strategic developments, the Trust has continued to foster collaborative relationships with a range of stakeholders, including local heritage organisations, educational institutions and industry partners. These efforts have not only supported the bid process but have also strengthened the Trust’s reputation as a proactive custodian of brewing heritage. By actively participating in local forums and engaging with community groups, the Trust has ensured that awareness of the collection and the heritage it represents reaches a wide audience.

These marketing and community engagement programmes – both locally and nationally - have remained key features of the Trust’s activities during the year. We have hosted an ongoing series of tours of Bass House as well as given talks to specialist groups – both locally and nationally - all designed to raise awareness of the Trust’s profile and to broaden our reach.

Jenny Procter, the Trust’s freelance Marketing Officer, and one of our trustees, Chris Holden, have been the driving force behind this engagement activity. Jenny, whilst being integral to our engagement activities, has continued to produce the Trust’s quarterly Newsletter (which now has a mailing list of more than 800), and earlier this year she also assumed responsibility for the redesign and relaunch of the Trust’s website. The new site (www.breweryheritage.com) has not only been updated but is now fully integrated with the site that enables access to the archive catalogue, and this has been a key component of the ‘proof of concept’ for our linked archives activity. Jenny also maintains the Trust’s presence on LinkedIn and Facebook where our audience numbers continue to grow, and coordinates with our partners as we promote the collection.

As the Trust’s responsibilities have increased, so has our need to develop and implement appropriate governance and office management procedures – whether to ensure the welfare of staff and volunteers, the safety and security of the Station Street premises or the coordination and management of volunteers. Responsibility for implementing many of the aspects within this broad remit have been entrusted to our freelance Office Manager, Helen Jarvis who, with support from staff at ESBC, has assumed day-day responsibilities for the running of the Brewery Heritage Centre. Helen has also been integral to our ability to open the Brewery Heritage Centre in Station St. from April. Open to members of the public on a 3-days/week basis, manned by a small team of volunteers working on a rota basis, it has proved to be an extremely worthwhile activity, and the positive response and footfall has exceeded all expectations. We have moved from approximately four visitors a week prior to April, to today where our volunteers speak, on average, to four people an hour. There has not been a day when no-one has visited, and the busiest day saw 41 people through the door. In the first six months 1,280 visitors have heard about the High Street plans, enquired about the collection, learnt more about the Trust and expressed their views on our activities. Over 250 have been added to the Trust’s mailing list, and many have joined as members.

As a Board of Trustees, we recognised last year the need to broaden the range of skills, expertise and experience available to us, hence the introduction at last year’s AGM, of Tom Stainer, CEO of CAMRA, and Anthony Hughes, owner of Lincoln Green Brewing Company. Continuing with this theme, early in 2025 we welcomed two new Trustees both from the museum sector: Helen Taylor, Curator and Projects Officer at Stourbridge Glass Museum and Stephanie Sykes-Dugmore, Head of Collection & Research at the Silverstone Museum. During the summer we also welcomed Amrit Virk, Assistant Principal, Marketing, Business Development and International at Burton & South Derbyshire College.

Whilst it is pleasing to announce these new appointments, it is also sad to announce the retirement of a long-standing member of the Board, Sir Alan Meale, who has been a Trustee since 2019, and has provided the Trust with sound advice and guidance, particularly as we have navigated a path through the challenges posed in recent years. I would like to express my sincere thanks to Sir Alan, for his input over the years and wish him all the best for the future.

Bob Heaver, who has been with the Trust for over 11 years, is standing down as Treasurer this year and I would like to thank Bob for his support, advice and guidance as Treasurer, particularly over recent years as we have significantly increased in our operational activities. At the time of writing we are about to appoint a new Treasurer and Board member from a local firm of accountants, with the intention of having him in place by the time of the AGM.

I would like to record my thanks to all the Trust’s contracted staff, as well as to our growing team of volunteers, and of course to my fellow Trustees for their commitment and enthusiasm during the year. In thanking my fellow trustees, I feel I must give special mention to the Trust’s Vice Chair, Brett Rathbone. Brett has worked tirelessly throughout the year not only in leading the Trust’s partnership with ESBC as their plans for the High St. have developed, but also in the longer-term development of the Trust itself to ensure it has the right focus and resource to equip it for the future. I am sure I speak for all my fellow trustees when I thank Brett for his input.

I conclude my report for 2025 with the same words I used last year: both the Trust and the collection are in far better places than they were a year ago.

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives

The charity's objects are for the public benefit and are specifically restricted to the following:

To advance the education of the public in the history and heritage of brewing in particular but not exclusively through:

1.The protection and preservation and making available to the public of material and artefacts of historic significance by the establishment and maintenance of archive and collection for preservation of such material and artefacts, in particular but not exclusively the existing collection of archives and artefacts of brewing in Burton upon Trent.

2.Educational displays and events that will illustrate the impact of brewing on the social and economic development of the nation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

NBHT is a charitable company limited by guarantee, incorporated on 25th August 2011, and registered as a charity on 23rd May 2012.

Risk management

The Trust reviews its key risk areas, including funding, operations, IT and data once a year, in 2025 with the increase in activities a more comprehensive review was undertaken, and operational risks will be reviewed quarterly. Following this review the Trust considers risks to be manageable. r.

Reserves Policy

Cost commitments are not made unless there are sufficient funds available to meet the expenditure. The scope and scale of the Trust’s activities have grown significantly in 2025, and the Trustees have therefore decided to increase the level of reserves from £6,000 to £20,000. This is considered sufficient to meet essential commitments.

Data Protection

The Trustees have satisfied themselves that the Trust meets the requirements of the Data Protection Regulations 2018. The Trust retains information given by its members and those individuals who have asked to be added to our mailing list for the sole purpose of communicating with them about Trust matters. All details are held in confidence and are not in any circumstances passed to third parties. During the year the Trust renewed its registration with the Information Commissioner.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07754069 (England and Wales)

Registered Charity number

1147391

Registered office

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

Trustees

Mrs J E A Dean Director

C Else Director

R A Heaver Director

C Holden Director

A J Hughes Director (appointed 14.11.24)

R G Humphreys Director

D Meadows (appointed 16.10.25)

Sir A Meale Director

B Rathbone Director

T Stainer Director (appointed 14.11.24)

Mrs S Sykes-Dugmore Director (appointed 6.3.25)

Mrs H Taylor Director (appointed 6.3.25)

Dr F H White Director

Mrs S Wardell Jacklin (appointed 13.11.25)

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also directors of NBHT) are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the year.

In preparing those financial statements, the trustees have:

selected suitable financial policies and applied them consistently

observed the methods and principles in the Charities’ SORP

made judgments and estimates that are reasonable and prudent:

stated whether applicable accounting standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepared the financial statements on the going concern basis.

The trustees have overall responsibility for ensuring that the charity has appropriate systems of control, financial and otherwise. They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that financial statements comply with the Companies Act 2006. They are also responsible for the safeguarding of the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and breaches of the law and regulations.

Voluntary income has been received by way of subscriptions, donations and gifts and is included in full in the statements of financial activities when receivable. The value of services by volunteers has not been included.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 November 2025 and signed on its behalf by:

Dr F H White - Trustee

Independent examiner's report to the trustees of The National Brewery Heritage Trust Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement - matters of concern identified

I have completed my examination.

The Trust remains largely dependent on grants from ESBC and MCBC to continue its activities. Whilst there are sufficient cash reserves to continue these activities at least until the end of 2027 the trustees have the responsibility of ensuring income exceeds expenditure as outlined in Note 1 accounting policies.

I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; and

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

David Dale FCA (Retired)

3 March 2026

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

31,824

100,262

132,086

107,144

Investment income

2

680

-

680

795

Other income

1,263

-

1,263

772

Total

33,767

100,262

134,029

108,711

EXPENDITURE ON

Raising funds

380

-

380

405

Charitable activities

Collections management

1,931

66,166

68,097

63,974

Promotion and education

17,459

21,974

39,433

18,846

Other

14,502

-

14,502

5,614

Total

34,272

88,140

122,412

88,839

NET INCOME/(EXPENDITURE)

(505

)

12,122

11,617

19,872

RECONCILIATION OF FUNDS

Total funds brought forward

61,359

24,903

86,262

66,390

TOTAL FUNDS CARRIED FORWARD

60,854

37,025

97,879

86,262

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Heritage assets

6

1,536

-

1,536

1,536

CURRENT ASSETS

Cash at bank

69,525

37,025

106,550

92,566

CREDITORS

Amounts falling due within one year

7

(1,207

)

-

(1,207

)

(5,840

)

NET CURRENT ASSETS

68,318

37,025

105,343

86,726

TOTAL ASSETS LESS CURRENT LIABILITIES

69,854

37,025

106,879

88,262

ACCRUALS AND DEFERRED INCOME

8

(9,000

)

-

(9,000

)

(2,000

)

NET ASSETS

60,854

37,025

97,879

86,262

FUNDS

9

Unrestricted funds

60,854

61,359

Restricted funds

37,025

24,903

TOTAL FUNDS

97,879

86,262

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13 November 2025 and were signed on its behalf by:

F H White - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2.	INVESTMENT INCOME

31.8.25

31.8.24

£

£

Deposit account interest

680

795

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

4.	STAFF COSTS

There were no employees in either 2025 or 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

39,226

67,918

107,144

Investment income

795

-

795

Other income

772

-

772

Total

40,793

67,918

108,711

EXPENDITURE ON

Raising funds

405

-

405

Charitable activities

Collections management

2,422

61,552

63,974

Promotion and education

15,255

3,591

18,846

Other

5,614

-

5,614

Total

23,696

65,143

88,839

NET INCOME

17,097

2,775

19,872

RECONCILIATION OF FUNDS

Total funds brought forward

44,262

22,128

66,390

TOTAL FUNDS CARRIED FORWARD

61,359

24,903

86,262

6.	HERITAGE ASSETS

Total

£

MARKET VALUE

At 1 September 2024 and 31 August 2025

1,536

NET BOOK VALUE

At 31 August 2025

1,536

At 31 August 2024

1,536

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

1,207

5,840

8.	ACCRUALS AND DEFERRED INCOME

31.8.25

31.8.24

£

£

Accruals and deferred income

9,000

2,000

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

61,359

(505

)

60,854

Restricted funds

Collections management

16,075

16,946

33,021

Linked Archive

7,642

(4,824

)

2,818

Carlsberg

1,186

-

1,186

24,903

12,122

37,025

TOTAL FUNDS

86,262

11,617

97,879

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

33,767

(34,272

)

(505

)

Restricted funds

Collections management

100,262

(83,316

)

16,946

Linked Archive

-

(4,824

)

(4,824

)

100,262

(88,140

)

12,122

TOTAL FUNDS

134,029

(122,412

)

11,617

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

44,262

17,097

61,359

Restricted funds

Collections management

10,442

5,633

16,075

Linked Archive

10,500

(2,858

)

7,642

Carlsberg

1,186

-

1,186

22,128

2,775

24,903

TOTAL FUNDS

66,390

19,872

86,262

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

40,793

(23,696

)

17,097

Restricted funds

Collections management

67,918

(62,285

)

5,633

Linked Archive

-

(2,858

)

(2,858

)

67,918

(65,143

)

2,775

TOTAL FUNDS

108,711

(88,839

)

19,872

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.23

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

44,262

16,592

60,854

Restricted funds

Collections management

10,442

22,579

33,021

Linked Archive

10,500

(7,682

)

2,818

Carlsberg

1,186

-

1,186

22,128

14,897

37,025

TOTAL FUNDS

66,390

31,489

97,879

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

74,560

(57,968

)

16,592

Restricted funds

Collections management

168,180

(145,601

)

22,579

Linked Archive

-

(7,682

)

(7,682

)

168,180

(153,283

)

14,897

TOTAL FUNDS

242,740

(211,251

)

31,489

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.