2021-12-31-accounts - Brdc Motor Sport Charity

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Annual	Report ofthe	Report ofthe	Trustees	1-5
Report	of	the Independent Examiner
Statement		of Financial	Activities

				Unrestricted	Funds
				Total	Total
			Page	31.12.2021	31.12.2020
					E
Income from:
Investments (note 2) Donations and legacies (note 3)			10 10	35,749 29,521	32,721 101,497
Total income				65,270	134,218
Expenditure on:
Charitable activities (note	4)		10	31,543	38,933
Raising funds (note 6)			10	2,909	2,454
Total expenditure				34,452	41,387
Net income before net gains on investment		assets		30,818	92,831
Net gains on investment	assets (note 7)			62,332	33,824
Net income				93,150	126,655
Reconciliation offunds:
Total funds brought forward at 1 January 2021				988,603	861,948
Total funds carried forward at 31 December		2021		f'1,081,753	E988,603

						Page		31.12.2021 f	31.12.2021 f	31.12.2020 f	31.12.2020 f	31.12.2020 f
2,	INCOME FROM	INVESTMENTS
	Income from UK	quoted equities							35,744			32,693
	Deposit interest								5			28
	Total investment	income				7		f	35,749	f		32,721
3.	INCOME FRONI	DONATIONS	AND	LEGACIES
	Legacy received								20,230		100,000
	Donations received								9,291			1,497
						7		f	29 521	f	101497
	CHARITABLE ACTIVITIES
	Charitable grants	to individuals							16,946			21,840
	Support cost
	Facilitator fees								6,902			6,566
	Governance costs
	Legal fees								7,450			10,290
	Insurance								245			237
	Total charitable	activities						f	31,543	f		38,933
5.	DONATED SERVICES
	Rawlinson 8 Hunter have donated			their technical	and advisory	services	in preparing			the financial
	statements and other charity administration. The value of these services has been estimated f14,700 plus VAT for the period ended 31 December 2021 (2020 - f11,950 plus VAT).											at
6.	EXPENDITURE	OF RAISING	FUNDS
	Investment management fees							F	2,909	f.		2,454

					Page	31.12.2021	31.12.2021	31.12.2020	31.12.2020
							E		E
7.	FIXEDASSET INVESTMENTS
	Schroder Unit Trusts —Cazenove		Charity	Multi-Asset		1,010,735			955,502
	Cash held as part of the investment		portfolio				29		29
						F 1,010,764		E	955,531
	Quoted investments
	Market value at 1 January 2021						955,502		831,367
	Additions at book cost						35,744		132,695
	Sale proceeds						(42,843)		(42,384)
	Net realised gains //(losses) on sales Net unrealised gains on revaluation						235 62,097		(4,227) 38,051
	Market value at 31 December	2021				61,010,735		F	955,502
	Historical cost at 31 December 2021					E	789,492	f	788,933
	Net gains on investment assets
	Net realised gains / (losses) on sales Net unrealised gains on revaluation						235 62,097		(4,227) 38,051
	Total net gain on investment	assets					62,332	F	33,824
8.	DEBTOR
	Gift Aid reclaim								1,034
					8	E	—	L	1,034
9.	CASH AT BANK
	Coutts 8 Co.						59,327		25,902
	Bank of Scotland						6,714		5,099
					8	6	66,041	F	31,001
10.	CREDITORS - Amounts falling due within one year
	Donation commitment due						3,160		420
	Facilitator fees Investment management fees						1,235 757		1,133 690
	Legal fees								6,720
					8	8	5,152	E	8,963