THE BRDC MOTOR SPORT CHARITY
IRegistered Charity No. 1084173}
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MOTOR SPORT
CHARITY

THE BRDC MOTOR SPORT CHARITY
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
CONTENTS
Page
Annual Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities
Balance Shèet
Notes to the Accounts
9-12

Page 1
THE BRDC MOTOR SPORT CHARITY
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees submit their report and independently examined financial statements of the BRDC Motor
Sport Charity {'the Fund" or 'lhe Charity") for the year ended to 31 December 2025. These have been
prepared in accordants with the accounting policies sel out in Note 1 and comply wilh the Charity's trust
deed and applicable law. The comparatives are for the twelve month period lo 31 De￿mber 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
The BRDC Motor Sport Charily, registered charity number 1084173, is based and administered in
the United Kingdom. The registered addrèss is Eighth Floor, 6 New Street Square. London, EC4A
3AQ.
The names of the Irustees who served throughout the year and continue to serve at the date of this
report's approval are..
Dario Franchitti (Chairman)
Christopher Jan Andrew Bliss (Treasurer)
lan Harrower
Stephen Woolfe (appointed on 26 June 2025)
Independent Examiner:
Christopher Hawley FCA, Eighth Floor, 6 New Street Square, London, EC4A 3AQ
Principal Bankers:
Bank of Scotland Plc, 33 Old Broad Street, London. EC2N 1 HZ
Coutts & Co.
The Composile Offi¢e. Levg11, Thanet Grange, Westcliff on Sea, Essex SSO OEJ
Solicitors:
Stone King,16 St John's Lane. London, EC1M 4BS
Accountants:
Rawlinson & Hunter LLP, Eighth Floor, 6 New Street Square, London, EC4A 3AQ
Investment Managers:
Cazenove Capital, 1 London Wall, Lonéon, EC2Y SAU
Facilitator:
Mr Charles Burch, 18 Highfield Land, Qving, Chichester, West Sussex. P020 2DL
{appoinled on 2 September 2025)

Page 2
THE BRDC MOTOR SPORT CHARITY
ANNUAL REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2025
2. STRUCTURE, GOVERNANCE AND MANAGEMENT
The Fund was eslablished by a Deed dated 16 November 2000 and is an unincorporated charitable
trust bound by the proper law of England and Wales. Initially formed to support BRDC Members,
funding was provided by generous benefactors. but the objectives have now broadened as set out in
section 3.
All truslees are resident in the United Kingdom and fneet on a regular basis. They are all members of
th8 British Racing Drivers, Club.
The number of trustees shall be a minimum of three at any one time and new truslees shall be
appointed by resolution of existing trustees.
The Facilitator assists the trustees with the assessment of possible beneficiaries and the associated
administralion. Applications received from individuals are reviewed and assessed by the Facilitslor.
who will then make recommendations to the truslees. If approved, the trustees décide on Ihe level of
support and whether the support will be provided by way of 8 one￿ff donation or a series of donations.
The Facilitator is fully qualified and has a wealth of experience in dealing with individuals such as
Ihose approaching the fund for assistance. In many cases the Facilitator can provide assistance lo
individuals to ensure they are receiving all benefits due to them, therefore improving the individual's
circumstances without unnecessarily d8fraying the Charity's funds.
Statement of Trustees, Responslblllties
The trustees are responsible for preparing the trustees, report and the financial ststèments in
accordan￿ with applicable law and United Kingdom Accounting Standards (UK GAAP).
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the state of the affairs of the
Charity and of the incoming resources and application of resources of the Charity for that period. In
preparing those flnancial statements. the trustees are required lo:
select suilable accounting policies and apply them consistently.
obseNe the methods and principles in the Charity SORP.,
make judgemenls and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial slatements.,
prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the Charity will continue in operation.
The trustees are responsible for keeping proper accounling records Ihat disclose with reasonab
accuracy al any lirne the financial position of the Charity and enable Ihem to ensure that the financial
slatemenls comply wilh the Charities Act 2011, where relevant the Charities Act 2022, the Charity
{Accounts and Reports) Regulations 2015 and trusl deed. They are also responsible for safeguarding
the assets of Ihe Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

Page 3
THE BRDC MOTOR SPORT CHARITY
ANNUAL REPORT OF THE TRUSTEES {continuedl
FOR THE YEAR ENDED 31 DECEMBER 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT {continued)
In accordance with trust law. as charity trustees. we ￿rtIfY that:
in so far as we are aware, there is no relevant infomiation of whith the Charity's Independent
Examiner is unaware; and
we have tsken all the steps that we ought lo have taken in order to make ourselves aware of
any relevant informalion and to establish that the Charity's Independent Examiner is aware of
that infomiation.
Internal Controls
The trustees have overall responsibility for ensuring that the Charity has appropriate systems of
internal ¢onlrols. They are also responsible for keeping proper accounting records which disclose
wilh reasonable accuracy at any time the financial position of the Charity and enable them to ensure
that the financial statements follow best practice. They are also responsible for Ihe Charity's
safeguarding its assels and hence for taking reasonable steps for the prevention and deleclion of
fraud and Other irregularities.
The system of internal conlrols is designed to provide reasonable, but not absolute, assuran
againsl material misststement or loss.
Induction and Training
Training of the trustees is undertaken on an infom)al basis. All trustees are kept informed at
meelings of their dutie$ and obligations under the law, in addition to their proper conduct.
OBJECTIVES AND ACTIVITIES
The Objects of Ihe Charity {"Objects"l are the relief of need by reason of youth, age, ill-health,
disability or financial hardship for the public benefit among persons involved in Ihe participation,
promotion or adminislration of motorsport. whether or nol for remuneration. and their families and
dependants.
For the purposes of the Objeds, persons involved in the participation, promotion or administration
of motorsport shall include. but shall not be limited to, competitors, marshals, officers. employees al
motorsport venues and those involved in the design. construction, testing, repair and supply of parts
for vehicles intended for competilion use.
Grant Maklng Pollcy
The Charity has been established lo provide grants for purposes that are exclusively charitable under
the law of England and Wales. The Charity intends to put in place sound grant arrangements so Ihat
il Gan properly selecl appropriate grantees and impose prudent lemis on grants.
Fundralslng
The trustees have referred to the Code of Fundraising Practice ('the Code.) which were developed
on 7 July 2016 by the fundraising community through the work of the Institute of Fundraising and
Public Fundraising AssoGiation, and the Guidance on Charities and FundraisiThJ issued by the
Charity Commission {'CC20") and Ihe Charities {Prolection and Social Investmenl) Aot 20161.the
Act"). As ihe Charity is engaged in public fundraising activities it needs to ensure that il remains
compliant with the guidance listed in the new code, CC20 and the Act.

Pa9e 4
THE BRDC MOTOR SPORT CHARITY
ANNUAL REPORT OF THE TRUSTEES {continued)
FOR THE YEAR ENDED 31 DECEMBER 2025
OBJECTIVES AND ACTIVITIES (continued)
Statement of Public Benefit
The trustees are aware of the Chanty Commission guidance on Public Benefil and Gonfirm that they
have complied with the duty in S8¢tion 4 of The Charities Act 2011, where relevant the Charities Acl
2022, to have due regard lo it. They consider the information which follows in this annual report
about the Charity's aims, activities and achievements in the areas of interest that the Charity
supports and demonstrates the benefit to its beneficiaries and through them to the public, that arise
from those activities.
ACHIEVEMENT AND PERFORMANCE
Investments
The assets of the Charily consisl principally of investments and cash and these are reported on the
Balance Sheet and in the supporting notes at their market value al 31 December2025. The trustees,
investmont portfolio is managed by Cazenove Capilal and invested in their Cazenove Charity Multi-
Asset (Accurnulation} Fund and the Navera High Equity Protea (Accumulation) Fund and at 31
December 2025 the value of these investments was £1,965,57012024 - £1,949,588). Unrealised
gains for the period were £24,240 (2024 £163,736). Partial sales during the period realis8d a loss
of £203 (2024- gain of £285).
The trustees review the investmènt poli¢y and manager performance al their regular meetings.
Charilable Activitles
During the period the Charity pledged charitable donations totalling £47,982 to ten individuals {2024-
£46,468 to fourteen individuals).
FINANCIAL REVIEW
Total charitable activities for the period ended 31 December 2025 totalled £72.324 (2024- £62,806)
and included charitable donalior)s together wilh insuran¢e. Costs of the facilitator totalled £11.478
{2024 - £15,932) and consultancy fees totalled £11,700. The grants were mad8 in line with the
policies set out in part 3 of this report, Objectives and Adivities.
InGoming Resources lotslled £85,743 (2024 - £495,536). The trustees would like to express Iheir
gratitudè to those individuals and organisations that have donaleé to the Charity.
Reserves Pollcy
The trustees have examined the Charity's requirement for reSoUr￿S in light of the main risks lo the
organisation and have no outstanding commitments or cash demands which are not adequately
covered by existing resources. The net assets of the Charity are regarded as free reserves and the
funds at 31 December 202S will be retained to make grants in accordance with the Charity's
haritable objecls and any policies. The trustees consider that the freely expendable funds are
appropriate and adequate taking into account plans for grants lo be awarded in the future and have
at present Iherefore nol designated any specific reserves. However, the trustees will keep this under
constant review. In future years a specific reserves policy may be required.
The total Unrestricted Reserves at 31 Decamber 2025 were £2,015,584 (2024 - £1,983,282)

P•38 S
THE BRDC MOTOR SPORT CHARrrY
ANNUAL REpoirf OF THE TRUSTEES (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2025
FINANCIAL REVIEW (conllnued)
Rlsk Managoment
A risk as9esgnwtt has been undertaken whth compri
an annual review of the rfsks the ch8rity may fa￿.
the establlshmenl of ayst•ms and proc&Yures to mtyate those riski and
the Imp￿Mental10n of kyocedures deslgned to minimi5e any potential Impact on the Chadty
should thry6e risks malèrialise.
Thls continuing process WFII Identfy risk areas to whlch the Charlty Is vulnerable and highlight ary
necessary $8leguards that wlll need to bs PLrt in place. No majLY rtsk8 were Idenffied at the date
of Ihese af%ounts.
The trust888 havo slgned fft arKJ proper de￿arat￿)nS in line wlth HMRC guldan¢è.
PLANS FOR THE FLTfuRE
In July 2025. the Tru8t885 commissioned research Into the Lwe After Motor Spcfft (LAMS) project
and appointed Oanny Watts as an indep6nd¢nt consuttant and Project Lead for an in5tlal 12-month
period. The role has been established to supP￿t the devdopment of projed and onhan¢e tr
chaiity's abilty to asslst boneficiarie5 eXper￿c1n9 menlal health and w41￿1n9 challenges.
The trustees do nol prop)se to deviate fr¢>m the current 0￿e¢lIVeS and acilvities of the Ch￿lty as
set out In part 3 of th18 report Objectfves and Activities.
Approved by the trustees on
and slgned on thelr bthaif by:
>2
Trustee
Date

Page 6
THE BRDC MOTOR SPORT CHARITY
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES
I report to the charity trustees on my examination of the accounts of Ihe BRDC Motor Sport Charity for the
year ended 31 December 2025 whlch comprise the Slatement of Financial Activities, Balance Sheet and
the related notes.
Responsibilltles and basls of report
As the charity's trus18es you are responsible for the preparation of the accounts in accordance with the
requir8menls of the Charities Act 2011 {'the Act,) and where relevanl, the Charities Act 2022 (Ihe AcY'}.
I report in respect of my examination of the charity's accounts carried out und6r section 145 of the Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under seotion 145{5Xb) of the Act.
Independent Examiner's statement
I have completed my examination. I confim that no material matters have come to my attention in
connection with the examination giving me cause to believe thal in any material respect:
accounting records were not kept in resped of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records- or
3. Ihe accounts do not comply with the applicable requirements con￿rning the fom and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounls give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connèction with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Chr
opher Hawley FCA
Date
Eighth Floor
6 New Street Square
London
EC4A 3AQ
RAWLINSON
& HUNTER

Pag8 7
THE BRDC MOTOR SPORT CHARITY
(Registered Charity No. 1084173)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricled Funds
Total
Total
31.12.2025
31.12.2024
Pago
Income from:
Investments Inole 2)
Donations and legacies (note 3)
10
10
47,900
37,843
44,016
451,520
Total Income
85,743
495,536
Expendlture on:
Charitable 8clivilies (note 41
Raising funds {note 6}
10
72,324
5,154
62,806
4,957
Total expenditure
77,478
67,763
Net income before net gains on investment assets
8,265
427,773
Net gains on investment assels (not8 7)
24,037
164.021
Net income
32,302
591,794
Reconciliation of funds:
Total funds broughl foNard at 1 January 2025
1.983,282
1,391,488
Total funds carried fOn￿ard at 31 December 2025
£ 2,015,584 £ 1,983.282
There were no recognised gains or losses other than those included in the slatemenl of financial activities.
All amounts relate lo continuing operations.
The notes on pages 9 to 12 form part of these financial slalements.

Pago 8
THE BRDC MOTOR SPORT CHARITY
(Rgglst•rad Charlty No. 1084173
BALANCE SHEET
AT 31 DECEMBER 2028
Total
Totsl
31.12.2026 31.12.2024
Pago
Fixèd Assets
Investrnents arKI cash at market value (note 7)
Currènt Assets
11
1,969,044
1,953.116
Cash at bank {nole 8)
Prepayment
Debtor {not8 9}
12
55,295
233
149
41,197
337
2,238
12
Currenl LlabSlltlȕ
55,677
43.772
Credltors: amounts fslling due within ono yèar (note 10)
Ngt Current Asg•ts
12
(9,13T)
(13,608)
30.186
46,540
Total a880ts1os3 eurrent Ilabllltle8
£ 2,015,584 £ 1,983.282
Total Charity Fund8
£ 1015,584 £ 1,983,282
Approvad by tho tru8tegs on
alld 8igned on thelf behalf by:
rust8e
Dato
The noteB on page8 9 to 12 fom part ofth•8e fmanGig18tgtements.

Page 9
THE BRDC MOTOR SPORT CHARI
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTING POLICIES
These financial statements have been prepared on a going con￿rn basis under the historical cost
convention, modified lo include the revaluation of investments. The Charity constitutes a public
benefit entity as defined by FRS 102. The financial statements have been prepared in accordance
with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
¢hariti6s preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 1021 { Charities SORP FRS 102.} issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011. and where relevant the Charities Act 2022. The Charity constitutes a
public benefit entity as defined by Charities SORP FRS 102. The principal accounling policies
adopted are as follows:
The Charity qualifies as a small entity under FRS 102 Section 1A and, in accordance with the
Charities SORP, has therefore not prepared a cash flow statement.
Flxed asset investments
Investments are included at closing mid-market value al the Balance Sheet date. Realised gains
and losses on investment5 are recognised as they arise and any gain or loss on revaluation is taken
to the Slalemenl of Financial Activilies (SOFA). The delennination of any gains and losses is
calculated by reference lo the valu8 of such assets al the beginning of the accounting period.
Income recognltlon
Investsnent income is derived from dividends receivable from inveslments and is accounted for in
the period in which the Fund is entitled to receipt.
Voluntary donations include donations under Gift Aid with the associaled tax relief included when
receivable. Interest from deposit accounts are included when receivable. All incoming resources are
included in the Statement of Financial Activities ("SOFA") when the Charity is entitled to th8 income
and the amount can be quantified with reasonable accuracy.
Expenditure recognition
All expenditure is included on an accruals basis and is recognised when Ihere is a legal or
constructive obligation to pay for expenditure.
Charitable activities comprise grants and donations made during the period together with gr8nt
support costs and governance costs and are expended through the SOFA when the offer is
conveyed to the recipient. The trustees have made the decision not to discount grants committed
for future periods.
Status of funds
The entire resources of the Fund are unrestricted and the Irusle8s have complete discretion for their
use in pursuance of its objectives.
Debtors and creditors receivable I payable wlthin ono year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
rècorded at transaction price. Any losses arising from impairment are recognised as expenditure.

Page 10
THE BRDC MOTOR SPORT CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTING POLICIES lcontinued)
Provisions
Provisions are recognised when il the Foundation has an obligation al the Balance Sheet daté as a
result of a past event, ii) it is probable that an oufflow of economic benefil will be required in
settlement and iii) the amount can be reliably estimated.
Taxation
The Charity is not subject to any taxes on its charitable activities.
GoSng Concem
The financial statements have been prepared on a going concern basis. The Trustees have
considered the level of reserves held, together with forecast income and committed expenditure for
the twelve months from the dale of approval of these financial statements, and are satisfied that the
Charity has adequate resources to continue in operational existence for the foreseeable future. The
Trustees therefore consider il appropriate to adopt the going concern basis in preparing these
financial statements.
Page
31.12.2025
31.12.2024
INCOME FROM INVESTMENTS
Income from UK quoted equities
Deposit interesl
46,945
955
41,219
2,797
Total Investment Income
47,900 £
44,016
INCOME FROM LEGACIES AND DONATIONS
Legacy received
Donations received
Gift Aid reclaim
Gift Aid supplementary interest
26.879
10.749
149
66
431.080
20,415
25
37,843 £ 451,520
CHARITABLE ACTIVITIES
Charitable grants to individuals
47,982
46,468
Support costs
Consultant fees
Facilitator fees
11.700
11.478
15,932
Governance costs
Legal fees
Insurance
639
525
406
Total charitable activities
72,324 £
62,806

Page 11
THE BRDC MOTOR SPORT CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
5. DONATED SERVICES
Rawlinson & Hunter have donated their technical and advisory setvices in preparing the financial
statements and other charity administration. The value of these services has been estimaled at
£18,000 plus VAT forthe period ended 31 December 202512024- £16,800 plus VAT).
Page
31.12.2025
31.12.2024
EXPENDITURE OF RAISING FUNDS
Investment management fees
Sundry expenses
5,154
4,842
115
5,154 £
4.957
FIXED ASSET INVESTMENTS
Market value of investments
1.965.570
1,949.588
Cash held as part of the investment portfolio
3,474
3,528
£ 1,969.044 £ 1,953,116
Quoted investments
Market value at 1 January 2025
Addition5 at book cost
Salè proceeds
Net realised {10ss) I gains on sales
Net unrealised gains on revaluation
1,949.588
46,945
(55.000)
{203)
24,240
1,320.548
471,219
(6,2001
285
163,736
Market value al 31 December 2025
£ 1.965,570 £ 1.949.588
Historical cost al 31 December 2025
£ 1,630,302 £ 1,627,669
Net gains on investment assets
Nel realised (loss) I gains on sales
Nel unrealised gains on revaluation
{2031
24,240
285
163,736
Total net galns on Inveslmont assèts
24,037 £
164,021

P4e 12
THE BRDC MOTOR SPORT CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page
31.12.2025
31.12.2024
CASH AT BANK
Coutls & Co.
Bank of Scolland
52.315
2.980
25,575
15,622
55,295 £
41,197
DEBTOR
Gift Aid reclaim
Sundry
149
1,789
449
149 £
2.238
10. CREDITORS- Amounts falling due within one year
Donation commitinents du8
Facilitator fees
Investment management fees
6,000
1,750
1,387
10,500
1,750
1,356
9,137 £
13,606
11. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
During the year. one trustee donated one hundred and thirty pounds to the Charity. The donation
was unrestricted and no amount was outstanding at the year end.