2025-12-31-accounts - Royal Automobile Club Foundation For Motoring Limited

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	`Page`
`Legalandadministrativeinformation`	`1`
`Chairman’sReport`	`2`
`ReportoftheTrustees`	`3`
`Independentauditors’report`	`12`
`Statementoffinancialactivities`	`16`
`Balancesheet`	`17`
`Statementofcashflows`	`18`
`Notestothefinancialstatements`	`19`

`BoardofTrustees`	`ProfessorN Jackson,Chairman`
	`MsJ Baker`
	`MrB Cussons`
	`MrD Hobday`
	`MrS Kollamthodi`
	`MrP Maley`
	`MrD Wiltshire`
`Director`	`MrS GoodingCB`
`Registeredoffice`	`RoyalAutomobileClubFoundationforMotoringLimited`
	`89-91PallMall`
	`London`
	`SW1Y5HS`
`Companyregistrationnumber`	`2596548`
`Charitynumber`	`1002705`
`IndependentAuditors`	`SafferyLLP`
	`71QueenVictoriaStreet`
	`LondonEC4V4BE`
`Bankers`	`NationalWestminsterBankPlc`
	`208Piccadilly`
	`LondonW1A2DG`
`InvestmentAdvisors`	`BarnettWaddingham`
	`CheapsideHouse`
	`138Cheapside`
	`LondonEC2V6BW`
`InvestmentManagers`	`CazenoveCapital`
	`1LondonWallPlace`
	`LondonEC2Y5AU`
	`TwentyFourAssetManagement`
	`8%FloorTheMonumentBuildilng`
	`11MonumentStreet`
	`LondonEC3R8AF`
	`NorthernTrustAssetManagement`
	`50BankStreet`
	`LondonE145NT`
	`PictetAssetManagement`
	`MoorHouse`
	`120LondonWall`
	`LondonEC2Y5ET`

		`Unrestricted`	`Restricted`	`Expendable`	`2025`	`2024`
		`Funds`	`Funds`	`Endowment`	`Total`	`Total`
	`Note`	`£`	`£`	`£`	`£`	`£`
`Incomefrom`
`Investments`	`2`	`751,343`	`-`	`-`	`751,343`	`742,000`
`Grants`		`-`	`21,069`	`-`	`21,069`	`29,400`
`TotalIncome`		`751,343`	`21,069`	`-`	`773,412`	`771,400`
`Expenditure`
`on:`
`Raisingfunds`			`-`	`93,351`	`93,351`	`86,329`
`Charitable`
`activities`	`3`	`1,005,826`	`21,661`	`-`	`1,027,487`	`891,008`
`Total`
`Expenditure`		`1,005,826`	`21,661`	`93,351`	`1,120,838`	`977,337`
`Netgain/(loss)`
`oninvestments`	`8`	`-`	`-`	`3,678,635`	`3,678,635`	`2,387,502`
`Net`
`(expenditure)/`
`incomeforthe`
`year`		`(254,483)`	`(592)`	`3,585,284`	`3,330,209`	`2,181,565`
`Transfers`
`betweenfunds`	`11`	`468,000`	`-`	`(468,000)`	`-`	`-`
`Netmovement`
`infunds`		`213,517`	`(592)`	`3,117,284`	`3,330,209`	`2,181,565`
`Reconciliation`
`offunds:`
`Totalfunds`
`broughtforward`		`4,772,340`	`592`	`31,818,803`	`36,591,735`	`34,410,170`
`Totalfunds`
`carried`
`forward`		`4,985,857`	`-`	`34,936,087`	`39,921,944`	`36,591,735`

		`2025`	`2024`
	`Note`	`£`	`£`
`FixedAssets`
`Tangiblefixedassets`	`7`	`2,993`	`3,690`
`Investments`	`8`	`39,819,290`	`36,456,389`
		`39,822,283`	`36,460,079`
`CurrentAssets`
`Debtors`	`9`	`39,826`	`21,266`
`Cashatbankandinhand`		`390,329`	`383,933`
		`430,155`	`405,199`
`Creditors:Amountsfallingduewithinone`
`year`	`10`	`(330,494)`	`(273,543)`
`Netcurrentassets`		`99,661`	`131,656`
`NetAssets`		`39,921,944`	`36,591,735`
`Funds`
`Unrestrictedfunds`	`11`	`4,985,857`	`4,772,340`
`Restrictedfunds`	`12`	`-`	`592`
`Expendableendowmentfunds`	`13`	`34,936,087`	`31,818,803`
		`39,921,944`	`36,591,735`

		`2025`	`2024`
	`Note`	`£`	`£`
`Netcashusedinoperatingactivities`	`17`	`(978,408)`	`(851,339)`
`Cashflowsfrominvestingactivities`
`Purchasesofinvestments`		`(10,000,000)`	`(18,187,962)`
`Proceedsfromdisposalofinvestments`		`10,000,000`	`18,187,962`
`Purchaseoffixedassets`		`:`	`(3,881)`
`Investmentincomereceived`		`563,486`	`558,306`
`Withdrawalfromendowment`		`468,000`	`468,000`
`Netcashfrominvestingactivities`		`1,0231,486`	`1,022,425`
`Netincreaseincash& cashequivalents`		`53,078`	`171,086`
`Cashandcashequivalentsatthebeginningof`
`theyear`		`542,974`	`371,888`
`Cashandcashequivalentsatendoftheyear`	`17,18`	`596,052`	`542,974`

`Investmentincome`
	`2025`	`2024`
	`£`	`£`
`Dividendsandinterestreceivableonfixedassetinvestments`	`747,795`	`738,717`
`Bankinterestreceivable`	`3,548`	`3,283`
	`751,343`	`742,000`
`Charitableactivities`
	`2025`	`2024`
	`£`	`£`
`StaffCosts`	`602,099`	`557,258`
`DirectCosts`	`179,905`	`65,158`
`SupportCosts`	`233,983`	`258,602`
`Governancecosts(note4)`	`11,500`	`9,990`
	`1,027,487`	`891,008`
`Governancecosts`
	`2025`	`2024`
	`£`	`£`
`Auditfees`	`11,500`	`9,990`

`Staffcostsandadvisorfees`
	`2025`	`2024`
	`£`	`£`
`Wagesandsalaries`	`516,816`	`477,918`
`Socialsecuritycosts`	`57,387`	`52,010`
`RamilS pension`	`27,896`	`27,330`
	`602,099`	`557,258`
`Numberofemployees`
`withtotalremuneration`
`between:`	`2025`	`2024`
	`Number`	`Number`
`£60,001- £70,000`	`1`	`2`
`£70,001- £80,000`	`-`	`il`
`£80,001- £90,000`	`1`	`-`
`£200,001-£210,000`	`-`	`1`
`£220,001- £230,000`	`1`	`-`

	`2025`	`2024`
	`£`	`£`
`NevilleJackson`	`30,000`	`30,000`

	`2025`		`2024`
	`Number`		`Number`
`Director`		`1`	`1`
`Campaignsand` `research`		`6`	`5`
		`7`	`6`

`6`	`Netmovementinfundsfortheyear`
		`2025`	`2024`
		`£`	`£`
	`Thisisstatedaftercharging:`
	`Depreciation`	`697`	`192`
	`Auditors’remuneration- foraudit`	`11,500`	`9,990`
	`Auditors’remuneration- forotherservices`	`4,410`	`4,270`
`7`	`Tangiblefixedassets`
			`Office`
			`equipment`
			`£`
	`Cost`
	`Broughtforward1 January2025`		`37,580`
	`Additions`			`-`
	`Carriedforward31December2025`		`37,580`
	`Depreciation`
	`Broughtforward1 January2025`		`33,890`
	`Chargeforyear`		`697`
	`Carriedforward31December2025`		`34,587`
	`Netbookvalue`
	`asat31December2025`		`2,993`
	`asat31December2024`		`3,690`

`Investments`
	`2025`	`2024`
	`£`	`£`
`Managedandunitised`
`funds`
`Marketvalueat1 January`	`36,297,348`	`34,273,162`
`Additionsatcost`	`10,187,857`	`18,368,373`
`Disposals`	`(10,000,000)`	`(18,187,962)`
`Investmentgains`	`3,678,635`	`2,387,502`
`Withdrawalfrom` `endowmentportfolio`	`(468,000)`	`(468,000)`
`Investmentmanagersfees`	`(82,273)`	`(75,727)`
`Marketvalueat31` `December`	`39,613,567`	`36,297,348`
`Investmentcash`	`205,723`	`159,041`
`TotalInvestmentsasat31` `December`	`39,819,290`	`36,456,389`
`Historicalcost`	`36,419,615`	`35,661,837`

			`2025`		`2024`
			`Market`		`Market`
		`Cost`	`Value`	`Cost`	`Value`
		`£`	`£`	`£`	`£`
`Multi-asset`	`funds`	`27,502,690`	`29,749,874`	`17,314,834`	`18,249,890`
`Alternatives`		`8,711,201`	`9,863,692`	`18,187,962`	`18,047,458`
`Cash`		`205,724`	`205,724`	`159,041`	`159,041`
`Total`		`36,419,615`	`39,819,290`	`35,661,837`	`36,456,389`

	`9`	`Debtors`
						`2025`	`2024`
						`£`	`£`
		`Accruedincome`				`17,680`	`:`
		`Prepayments`				`22,146`	`21,266`
						`39,826`	`21,266`
	`10`	`Creditors`
						`2025`	`2024`
						`£`	`£`
		`Accrualsand`	`othercreditors`			`330,494`	`273,543`
						`330,494`	`273,543`
`11`	`UnrestrictedFunds`
			`2025`	`2025`	`2025`	`2025`	`2025`
			`Opening`	`Income`	`Expenditure`	`Transfer`	`Closing`
			`£`	`£`	`£`	`£`	`£`
	`Uniestsicted` `Funds`		`4,772,340`	`751,343`	`(1,005,826)`	`468,000`	`4,985,857`
			`2024`	`2024`	`2024`	`2024`	`2024`
			`Opening`	`Income`	`Expenditure`	`Transfer`	`Closing`
			`£`	`£`	`£`	`£`	`£`
	`parestricted`		`4,424,540`	`746,400`	`(866,600)`	`468,000`	`4,772,340`

	`2025`	`2025`	`2025`	`2025`	`2025`
	`Opening`	`Income`	`Expenditure`	`Transfer`	`Closing`
	`£`	`£`	`£`	`£`	`£`
`RoadSafety`
`TrustCompany`	`592`	`21,069`	`(21,661)`	`=`	`-`
	`-`	`21,069`	`(21,661)`	`-`	`=`
	`2024`	`2024`	`2024`	`2024`	`2024`
	`Opening`	`Income`	`Expenditure`	`Transfer`	`Closing`
	`£`	`£`	`£`	`£`	`£`
`RoadSafety` `TrustCompany`	`-`	`25,000`	`(24,408)`	`-`	`592`
	`-`	`25,000`	`(24,408)`	`-`	`592`

`2025`	`2025`	`2025`	`2025`	`2025`
`Opening`	`Expenditure`	`Gains`	`Transfer`	`Closing`
`£`	`£`	`£`	`£`	`£`
`31,818,803`	`(93,551)`	`3,678,635`	`(468,000)`	`34,936,087`
`2024`	`2024`	`2024`	`2024`	`2024`
`Opening`	`Expenditure`	`Gains`	`Transfer`	`Closing`
`£`	`£`	`£`	`£`	`£`
`29,985,630`	`(86,329)`	`2,387,502`	`(468,000)`	`31,818,803`

	`Unrestricted`		`Restricted`	`Endowment`	`Total`
	`Funds`		`Funds`	`Funds`	`2025`
	`£`		`£`	`£`	`£`
`Tangiblefixed` `assets`	`2,993`		`-`	`-`	`2,993`
`Investments`		`-`	`-`	`39,819,290`	`39,819,290`
`Current` `assets`	`5,295,678`		`17,680`	`(4,888,203)`	`430,155`
`Liabilities`	`(312,814)`		`(17,680)`	`-`	`(330,494)`
`Balanceat31`
`December`	`4,985,857`		`-`	`34,936,087`	`39,921,944`
`2025`
`Analysisofnet`	`assetsbetween`	`funds`
	`Unrestricted`		`Restricted`	`Endowment`	`Total`
	`Funds`		`Funds`	`Funds`	`2024`
	`£`		`£`	`£`	`£`
`Tangiblefixed` `assets`	`3,690`		`-`	`-`	`3,690`
`Investments`		`-`	`-`	`36,456,389`	`36,456,389`
`Current` `assets`	`5,042,193`		`592`	`(4,637,586)`	`405,199`
`Liabilities`	`(273,543)`		`-`	`-`	`(273,543)`
`Balanceat31`
`December`	`4,772,340`		`592`	`31,818,803`	`36,591,735`
`2024`

`17`	`Reconciliationofnetmovement`	`Reconciliationofnetmovement`	`infundsto`	`netcashflow`	`fromoperatingactivities`	`fromoperatingactivities`
					`2025`	`2024`
					`£`	`£`
	`Netmovementinfunds`			`3,330,209`		`2,181,565`
	`Addbackdepreciationcharge`				`697`	`192`
	`Addbackinvestmentmanagerfee`				`82,273`	`75,727`
	`Deductinvestmentincome`			`(751,343)`		`(738,717)`
	`Gainoninvestments`			`(3,678,635)`		`(2,387,502)`
	`(Increase)/decreaseindebtors`			`(18,560)`		`2,066`
	`Increaseincreditors`				`56,951`	`15,330`
	`Netcashusedinoperating`			`(978,408)`		`(851,339)`
	`activities`
`18`	`Analysisofcashandcash`	`equivalents`
					`2025`	`2024`
					`£`	`£`
	`Cashatbankandinhand`			`390,329`		`383,933`
	`Cashwithinvestmentmanager`			`205,723`		`159,041`
				`596,052`		`542,974`
`19`	`Analysisofchangesinnet`	`debt`
		`At1`	`January`			`At31December`
			`2025`	`Cashflows`		`2025`
			`£`	`£`		`£`
	`Cashatbank`
	`andinhand`		`383,933`	`6,396`		`390,329`
	`Cashwith`
	`investment`
	`manager`		`159,041`	`46,682`		`205,723`
			`542,974`	`53,078`		`596,052`

`20`	`Comparativestatementoffinancialactivities`	`Comparativestatementoffinancialactivities`
	`Unrestricted`	`Restricted`	`Expendable`		`2024`
	`Funds`	`Funds`	`Endowment`		`Total`
	`£`	`£`	`£`		`£`
`Incomefrom`
`Investments`	`742,000`	`-`		`-`	`742,000`
`Grants`	`4,400`	`25,000`		`-`	`29,400`
`TotalIncome`	`746,400`	`25,000`		`:`	`771,400`
`Expenditure`
`on:`
`Raisingfunds`		`-`	`86,329`		`86,329`
`Charitable`
`activities`	`866,600`	`24,408`		`-`	`891,008`
`Total`
`Expenditure`	`866,600`	`24,408`	`86,329`		`977,337`
`Netgainson`
`investments`	`-`	`-`	`2,387,502`		`2,387,502`
`Net`
`(loss)/income`
`fortheyear`	`(120,200)`	`592`	`2,301,173`		`2,181,565`
`Transfers`
`betweenfunds`	`468,000`	`S`	`(468,000)`		`‘`
`Net`
`movementin`
`funds`	`347,800`	`592`	`1,833,173`		`2,181,565`