Chartty registration number 1146159
Company regisiAtion number 07862605 ien9land and Wales)
KIN MOTORSPORT
ANNUAL REPORT AND HNANCIAL STATEIENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
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*ACFLiM495*
29111r2(Y23
COMPANIES HCiJSE
#114

MISSION MOTORSPORT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustee$
MrADComp
Mr J B Baguley
(Appoinled 2 September
2022}
{Appginted 3 Sèptèrnber
2022}
{Appoinled 15 June 2022)
{Appoinled 15 June 2022}
{Appoinled 2 September
20221
Commander C Chew
Mr M Comelius
L*utenanl GerEral R E Nugee
Mr C Tate
Se¢r¢tsry
Ms C Fwer-Tdston
Key Manayèmènt
MrAJ Cameron ICEOI
MrA BrO￿n {COOI
Mr F A Hale FCA (CFO)
Charity number
1146159
Company Dumber
07862605
Principal address
Unil 11. W&G Industrial Estate
FarirrfJdon Road
East Challow
Oxfordshire
Unrted Kingdom
OX12 9TF
R•glslered offKe
Unit 11, W&G Industrial Eslale
Faringdon Road
East Challow
Oxfordshire
Unrted Kingdom
OX12 9TF
Auditor
Cafpenter Box
Amelia House
Crescenl Roa
Worthing
Wesl Sussex
BN11 1RL
Bank8ts
Lloyds Bank
25 Gresham Streei
London
EC2 7HN

MISSION MOTORSPORT
CONTENTS
Pa
Trustees. report
Stalemenl of trustee5' lesponsibilit￿5
Inde￿ndent auditorfs report
Consolidated statement of financial a(*Mties
Consolidated balance sheet
10
Charity balarKe Sheet
Consolidated statement of ¢ash llows
12
Notes to the consolidated financ￿1 statements
13-27

MISSION MOTORSPORT
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUAR Y2023
The tru51ees present thgir roport and financial statement5 for the year ènded 28 Febwuary 2023.
Thè ffinancial statements have been prepared tn accordance wrth the accounting poIToes set out in nolÈ 1 tts the
financial statements and compty wth the charity's Memorandum and Artides of Assoaation, the Charities Act
2011, the Companies Act and 'Accounting and Reporting by Chant￿s.. Statement of Recommended
Practice applicable lo charrties preparing thetr accounts in accordance with the FinancAal Reporting Standard
applirable in the UK and Republ￿ of Irelwd {FRS 1021. leffeciNe 1 January 2019).
Objectivès and activities
The tharrty's objeds continue lo be.. to assist wounded, injured and sli* (MS) personnèl and veterans.
by advancing any lawful charilable purpose at the discrelion of the d1￿clOr$ and in Pa￿￿1#r bui not exclusively.
By raising awareness ol and educatirwj the genernl pL￿e and VWS seNe£mèn and women themsèfvès
about Ihe problems faced by seNce personnel and veterans, to encLJurage soaal indusion. and to use
sporting and training acbwties to help b)osl COnfi¢Jer￿, inswre others arKI aid in the rehabilitation and
recovery ofWIS service personnel.
By ernpowering, engaging and inspiring Ihe dt5abled and disadvantaged community by the provision of
training and assistance to a leam of wounded seryice personnel atvj veterans by enabling them to
partiupate In motorsport.
By providing Iraining. education and any othei assistar￿e to enabk fomer Ar￿d Force5 personnel to
find èmployment.
The trustees have paid due regafd to guidance issued by the Chan"ty Comrni55ion in deryding what activities the
charity should undertake.
Aehièvtmènts and perfonnancè
The period reflected in this report is Mission Molorsport - The Forces. Motorsport Charity's eleventh year an
covers aclivities spanning the celebration of the charity's first decade in existence. The year saw several
changes both in personnel, in the thanty executive and trustees, following a penod of fresh consideration ol the
organisation's roots, its dIreCt￿n and motivation_ The focus of Mission Motorsport remains on the outcomes for
service lamilies Ihrough our mantra ol Race l Relrain l Recovef.. that is our output pillars ol spcrfi, training and
vocalion - the charity's work conts.nues to be relevanl aNI impactful, and Ihe tharty's reputaiion in these areas is
very strong.
Sport: 2022.23, with a new operalions team tn pta¢e, saw a significant increase in car event activity both
sporting and in 'experience' days. The headline events a￿ stdl very strong thanks to Thakeham and other
partners al Goodwood, and rernain imporlant dates in Ihe calendar. The programme in the North West at Three
Sisters Circurt ai Imgan has expanded encK*uragingty. as has our frequent presen￿ al 8icestef Heritage, both in
'sin9le rnake. days and in broader events airned at families. The November 2022 Race of Remembrance had
Slgfbificant new participation and prowded many WIS and velerans a stetlar weekend, bolh through Ihe rnain
race event at Anglesey and in a simultaneous karb.ng ra¢eday at Thruxton. now in ils second year wilh support
from Téam Forces.
Training= Thè èncouraging uptake ol technic31 training course5 saw many furtheT'gradvations' frorn our Training
Wng. sevèral leading to new ernployment in thè growing EV road ¥ehKJe rnarket. Further development ol the
offshore winij induslry conneth.orbs from Ihe chaw]ty has seen the growth of our commeroal training service in
High Voltage and EV training acmss the UK. Miswon Aulomotwe has again shown strong growth. continuing to
raise the prtsfile of Ihe Armed Forces Community actoss the automotive seclor ind(￿Ing with*n Jaguar Land
Rover. The arrangements with the mUlt￿b￿and group Siellantis has developed furlher and we now have an
embedded MM representative in their HR leam prokiding new. supporteil palhways into training and employment
for benefvaries. New connedions wrfh specialist brands such as Morgan and Lot¢Js are expected to deliver
further opportunities as will our developing relalion5hips with afte￿arket and acudent repair companies.

MISSION MOTORSPORT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
Govemanee: The tharity's full and part-t*i)e employees are well served by engaged and passionate trustees.
wrth new members of the Board becoming inueasingly involved across a range of matters during the year. Thè
Iruslees aim has been to offef SUPPOrt and leadership for ihe execulive team not just in finanoal management
but also in sectoral Oppor1￿lties. in fund raising and issue management Trustees have also been able to assist
in the executive slruclure ol CEO and COO wrth an expanded lime commitment and role fo( the CFO pO￿tIon.
Financial review: The charty has continued to meet all its financaal obligations during the year and rts Unde￿ing
financial posthon has improved to Ihe extent that it has ddivered a surplus in Ihe year increasing its reserves
accordingly lo ad¢J a greater degree ol resiller￿e for future planning and activity. The Race of Remembrance
IRORI was once again a signthcant source of incDme in the ye3r with the support provided by 8RSCC being
integial to the success ofAnglesey. and BARC for the karb.ng in ThrU￿on.
Mission Molorsport was ueated initsally as a dèlivery ofganisation. well supported by larger charities but as the
abilty of others to shoulder the fundraising burden ha5 reduced. 50 too has Missmjn Motorsport's fundraising
abilrty had lo improve. By pfofessionalising Ouf management of fundraising and bringing in-house a Chartered
Accountant the charty is ¢Jemonstraling that rt is well pkced to ensure Ihal the inueased actNlty in this area is
carefully financially managed, and maintains the posth.ve trajectory that Ihis yeai has seen.
Commèrcial activty: Primary puwposè trading th[￿jgh the aulomotNe livery work has made a >gnificant
contribution lo the Charty's bottom line as well as to the thanty's ￿put¥￿.0n. Again. professonali5atK)n has paid
off with the employmènt of an experien￿￿ Itvery manager. who has been ab￿ to secure commercialty viable and
engaging contracts that have generated feal opportun￿"ÈS for a bènèfioary audience. Elsewhere. training
offerings induded the ddivery of a bespoke course for rescue and rewvery crews naiionwide foi MottsrsportUK,
the sport gtsveming body, much to thè ¢yedit ol the training and workshop team. Merchandising also has
benefitted from a renewed locus and is well managed, LwJik*ng on a stroThJ braThJ identity and increasingly in
demand with ROR a point of key demand.
Vocational progrnmmes: The impact of Missw Motorswt's *vocacy pro￿￿$ is paying off, with new
engagements across Ihe aulownotive industry now being mirrored by the renewable sedor. SMMT'S sleadfasl
support is powerful advocacy, and the charity's work over 10 years in devdoping amied forces engagement tools
and methanisms for industry has translaled well to help industry body Renewable UK emulate SMMT'S progress.
RenewableUK s￿nIng the Armed Forces Covenant in Febwary 2023 is very positive indeed and unlo¢ks huge
new potential for the charitys audience.. Ihe Armed Forces community.
This ffinancial reporting wod induded both the March 2022 and the February 2023 National Transition Events
INTE) and saw a near SO°A gro%th year on year in attendees and companies partiupating. Built on a unique
sporting draw of the 'Troops Trac*daY. the Veteran communth.es that are brought together in 'The Wing,
conference centre al Silverstone have stden the shrm from the svpercars in Ihe pitjane below. A showcase for
the sector initiatives, the NTE brings logelher MOD. OVA. Ihe tharity sector and Industry in a unique way - by
promoting veteran networking and excluding recnjiters the event has generated overwhelmingly positive
feedbad( from over 1000 attendees and exhibitors alike. Headline speakers have induded Sil Chns Hoy. polar
explorèr Ben Saunders and Veteran's Minister the Rt Hon Johnny Me￿r MP, Whi￿ Armed Forces Covenant
signings have indudèd industy body Renéwa￿ UK alDngsklÈ automolive. renewables and veteran owned
businesses.
Financial position
During the ye8r the thanty and rts $￿Sid￿aneS ger￿sted wKome of £1.143.046. an increase of £314,931
Compared to the prevK>US year. Expend"rture lor the year also increased lo £1.023.847 frorn £890.192 in the
pievious year. These movements ie5ulted in an ovetall stjrplus for the year of £119.199 o)mpared fo a defiat of
£61.978 in the previotjs year. so a s9n1r￿n1 improvement of £181.177 year on year. Th¢s result led to a dosing
nel assets position of £156.237. compare(I to £37.038. an inctease of £119.199 over ihe previous year. ￿lIst
obviously there 15 Still work to do to incJease the charrties reserves. this year's perfomiance wowdes a strong
base from which to continue this woth.

MISSION MOTORSPORT
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
Strategic Aims
The Mission Molorsport strategy conlinues lo be a force f￿ good in Amied Forces Community recovery sport, lo
offer iraining insight and prowsion both to IIKJse in transitK)n and to longer tem) velerans in need, and to drive the
development of comprehenswe pathways into relevant, sustainat4e employment for Serv￿ Feavers, veterans.
and their families.
The key strategic aims are..
Securing the lon*terni finanoal security of the charity.
Increased commercial aclivty through automofive INery actmties and other chargeable serwces.
Working logelher with connecled leams buikling broader naltonwide engagement under the 'umbrella' of
'Mission Group. whilsl ensunng the maintenance of the speoal foGu5 on motorspDrt and related
automotive activrties
ReinforcirvJ Ihe Governmenf5 aim to'make the country the best pL4¢e in the wodd to be a Veteran,
Fundraising
Mission Motorsport receive3 yo￿n13ry donati￿$. grfts from individua15 and cowporate donors. alongsKle grants
from other grant gimng charities and arnounts raised key event5 held during ihe yèar_ Mjssion Motorsport is
registered with the Fundraising Regulalor and adheres to their Code of Ftjndraising Piaciice as well a5 following
the Charity Commission advice on best practice. All personal data 15 proce55eiJ in line wilh the General Dala
Protection Regulaiions and Data Protection Acl 2018. Mission Molorsport will orty process data of supwlers
and donors if Ihey have given opt-in con5enL
Mission Motorsport organise all our fundrai￿ng ￿ternalty aThJ do nol engage Ihird path.es to seek donalion5 from
individuals. The charity remains mindful of people's privary and does nol exert undue pressure on potential
donors. There have been no comptaints about ftJndrai5ing prewousfy nor in the year under review.
Resep4es Policy
Whilsl it remains the charitys aim that unrestricted lund5 have nol been designaied for a specTfic use
should ideally be maintained at a level equwalenl to 6 months expenditure. thi5 ha5 not proven possible in recent
years in difficult economic arcumstances where our focu5 has been on the contintjed prowsion of core activities.
Whilsl the gradu* accumulation ol reserves is possible whde being grant fvnded. it 15 the commerual and the
bigger projects that Show the most promise to lfft reserves back lowards the level to which Ihe charity aspires.
Increased lo￿5 on income generation across all areas of activty in addrtion lo ¢urrenl actiw is key in athiewng
this goal.
At the end of the year the charity had net assets of £156.237, of which £38.257 is reslricted, a result ol the
surplus of £119.199 in the year. This is an improvement on the position at the start of the year of £37,038. of
which £34.562 was restricted, and represents a real step towards Ihe aims slated above.
Fulure Plans
Mission Motorsport has dear finanaal targets in striwng to deliver against (Is charita￿e obJ'ectNes induding'.-
To divefsify income sI￿aM$ to secure the conbnued growth and support provided by the tharity to its
benefiaaries with part￿Ular locus on new revenue generabng opportunities.
To pursuè 3 strate9y W￿"th permits and facilitates the establishment of meaningful ieserves ovèr thè
ffledbum to long term.
In the year undw review to February 2023. the truslees and exeoJtNe team have been able lo ensure the charty
is Suc￿sSfullY recovered fr(yn the difficult years of lo¢kdown5 and economic disrupbon. and to consthrways lo
widen the offer lo potential benefioaries. partwlarty in employment opp0rtunrt￿S.

MISSION MOTORSPORT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2023
The charity relains a strategy based around five CO￿ in(x)me generatmig adivib"es:
Charity lundraising through application to 9ranl giwng oiganisalions, the prornolion of individu31
fundraising efforts. online donab"ons. legaues arKI high net worth donatK)ns.
Mission Molorsport events- the chanty Gontinue5 to aiffl that all event5 are at the very least ¢osl neulral
with a guiding prin&ple of a 3."1 benefil v Cost applied to guide deosh)n making. There has been a
sonificantty increased looJs on generab.on across all actimties during the year.
MissK)n Automotive is an iniliatNÈ ol MissK)n Motorsport's national automotivè industry focused Armed
Forces Engagement program has gèneialed further revenue in the period to February 2023.
Training output delivering course income generated from motors￿ and Auton￿tIVe industry training
schemes
Mission Motorsport trading activities- merchandislng and vehide livery. The charity now employs a lull
time vehicle wrapping suite managèr and has secured contracts a number ol very signfficant vehide
manUfactu￿rs. This activity is undertaken by the chariws trading subsidiary Mission Motorsport Trading
Limited with all profits generated benefil of the charity.
Struciur4, gov•rnance and management
The charity is controlled by its goveming documenl, a de&Y of Injsl. arKI conslrtutes a &mited company, limited by
guarantee, as defined by the Companies Acl 2ThA.
The trustees. who are also the directors for the purpose of conwny law. an(1 who served during the yearwere..
MrA D Compson
MsAJAbbott
RevA J Fellham-white
LiÈutèn3nt Colonel C L Coton
Mr J B 8aguley
Commanijer C Chew
Mr M Cornelius
Lieutenanl Genwal R E Nugee
Mr C Tate
Mr l M Comerford
Mr M P J Garside
IRe&gned 15 June 20221
(Resigned 15 June 2022}
(Resigned 6 October 2022)
{Appointed 2 Septernber 20221
(Appointeil 3 September 2022)
(Apkw)Intet1 15 June 20221
(Appointed 15 June 2022)
(Appointeil 2 September 2022)
{Resigned 27 May 20221
(Appotnted 2 Septernber 2022 and reswned 11 May 20231
The board of trustees are res￿￿51t4e for appointing trustees. The iknrity during the year under review was
govemed by a board of trustees who are commffted to ihe obie¢as of the charty.
None of the Iruslees has any benefKial interest in the company. Al of the trustees are members of the company
and guarantee lo contribute £1 each in the event of a V￿ndIng up.
An induciion programme is in place for new trustees.
Disclosure of infom)ation to auditor
Each of the trustee5 ha5 C4)nfirmed that there is no informalion of which they are aware which is relevanl to the
audit. but ol which the auditor is unaware. They have fvrther confirmed that Ihey have taken appropriate steps lo
identfy such relevant information and to establish ihal Ihe auditor is awa￿ of such inlomiation.
The trustees, ￿port was approved by the Board olTwstee$.
Mrc Tate
Chair of trustees
Dated.. 27 November 2023
MrA D Compson
Trust
*7 November 2023
Daled".

MISSION MOTORSPORT
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 28 FEBRUARY 2023
The charity trustees (who are also directtxs of Mi5siM Molorsport for the purposes of ￿)MpanY lawl are responsible
for preparing Ihe trustee'5 annual report and finanual statements in ac(￿rdan￿ vAlh appl￿b￿ law and United
Kingdom Accounts"ng Standards (United lQ"ngdom Generally A￿pIedA(￿un1ln9 praCt￿e).
Company law requires the trustèes to prepare fTrnancaal statements fw each financial year whth give a true and fair
view of the stale of aftairs ol thè chairtable company and the 9roup and of incoming resources and appl￿tiOn of
resources, including the income and expendrtuie. of ￿ tharitable yrow) loi thal per￿. In ￿eparing the firban¢ial
statements, the tiustees are require¢J to..
select suitable accounting polioes th￿ appty them consistentty".
make judgements and accounling estimates that are reasonablè and pftMJent,'
state whether ap ￿kcable UK Accounting Standafds have been follovled. sutsect to any material departures
disdosed and explained In the financial statements-,
prepare the financial sialemenls on the gow)g concem ba￿S U￿esS it is inappropriale to presume that the
group and charily will o)ntinue in business.
The trustee5 are responstble for keeping adeqLrate axountiNJ records that disc&)se with ￿asonable accuracy at
any tirne the finanryal position of Ihe group and tharty and enable them to ensure that the f nanual statements
cDmpty wlh the Companies Act 2006. They are also responstble for safeguarding Ihe assets of the group and
charrty and her￿ foi ta￿"ng reasonable step5 for the prevention and detect￿ of fraud and other irregularilE5.

MISSION MOTORSPORT
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MISSION MOTORSPORT
Opinion
We have aijdited the financial statements of Mission Motorsport {the 'chanty'l and its subsKliarie5 Ithe 'group'l for
the year ended 28 FebTuary 2023 which comptise Ihe corFsolidated staternent of financial adiwties (including
consolidated 1ncome and expendibjre ac(ounti. the ctsnsolidated balance shèèt, the chanty baLancè sheet, thè
consolidated statement of cash flows and the related notes to the financial statements, ineluding a summary of
significant accounting poliaes. The financial reporting framework that has been applied in their preparation is
applicable law and Unrfed Kingdom Acc￿￿tI￿j Standards, induding Finanaal Reporting Slan(Jard 102 The
Financial Repoth"ng Stsndwd applicable in the UK and Republ￿ of Ireland (United Kingdom Generally Accepted
Accounling Practs"rE}.
In our opin￿n. Ihe finanoal statements=
give a truè and fair of the stste ol the group and parent charrtaNe companvs affairs as al 28 February
2023 and of rts inwming iesources and application of resources. for the year then Ènded..
have been properly prepared in ac￿dan￿ with United Trfjngdc*n Generalty AC￿pIed Accounting practi￿,.
and
have been prep￿1 in accordance with the reqwrempJts of Ihe CompaniesAd 2￿.
8a$ls oplnion
We conducted our aui*'t in accordance wrth Intemabonal Standards on Auditing (UK) IISAS {UK)l and applicable
law. Our responsibilitiès under those slandards are further deS￿bed in the Audilorfs responsltslit￿S for the audit of
the finan￿al stat8lTlellts secbon of our report. We are independenl ol the charity in accordance with the ethical
requirements Ihat are relevanl lo our audit of the fmancial statements in the UK. including Ihe FRC'S Ethical
Standard, and we havè lulfilled our olher ethical fesponsibilities in a￿l￿ance wilh Ihese requirernenls. We believe
that the audrt èvidÈnce we have obtsinèd is suffKient and appropriatè to provide a basi5 for tyjr opinion.
Conclusions retslin9 to going con¢em
In audits'ng the financial slatements, we have concluded that the trustees, use of the w.ng conc•m basis of
accounting in the preparation of the fin￿Cial statements is appropriate.
Based on the work we have performed. we have not Idenlrf￿ any material uncertainties relating to events or
conditions Ihal, individualty or collecbvely. may cast Signffj￿nt doubt on the charity's abilrty to continue as a g￿n9
conc•m for a period of at least fv￿1¥e monlhs from when the finanoal 5talemènts are authorised for issue.
Our responsily'lities and the responsibilities of the Irustees wilh respecl to g¢ing concem are described in the
relevant sections of this report.
Other Infom)ation
The other information cornpnses the infomiabon induded ￿ the annual report other than the ￿ancial siatements
and our audrtorfs repon thereon. The trustees are responsible lor the other inlorrnation contained within Ihe annual
report. Our opini¢M on the ffinanci81 statements does not o)ver the other information and we do not express any form
of assurance conclusion Ihereon. Our iesponsily.lity is lo read the other inforrnalion and, in doing 50. cwsider
whether the other infomath.on Is materralty inconsistent with the finanoal stalemenls or our knowledge oblatned in
the course of the audit, or olherwsè appèafs lo be matenalty misstated. 11 we i(lenlify such rnaterial inconsistencies
or apparent material mi5StalemÈnts. WÈ are requwed to determine whether this gives nsè lo a malenal misstalement
in the ffinancial statements them5efves. If. based on the work we have performed. we condude that there is a
malerral misslalemènt of this olher information. we are requwe(I to report that fa
We have nolhing to report in this regard.

MISSION MOTORSPORT
INDEPENDENT AUDITOR'S REPORT ICONTINUED}
TO THE TRUSTEES OF MISSION MOTORSPORT
Opinions on other matt*ws pres¢ribed by the Companies Act 2006
In our opinion. based on the work undertaken in Ihe course of our au¢Jrt'.
the inlormation given in the Irustee$' report for the financkql year for whth the finanual statements are
prepared. which Includes Ihe dire&￿S. report prepared lor the Pu￿0$e5 9f￿mpanY law. is consislenl wth Ihe
finanual statemènts", and
the directors, report included wthin the trustee5' report has been prepared in arLOrdar￿ wih applicable legal
requiremenls.
MatteTS on which we are ￿qUirEd to report by exception
In the li9ht of Ihe knowlèdge and understsnding of Ihe tharity and rt5 environrnent obtwned in the course of Ihe
audrt. we have not identrfied material misstatèmènts in the trustees, report or the diredois, report induded within Ihe
trusteès, rèport.
We have nothing to report in rèspect of the follovAng mattws in relation to whK* the Companies Aci 200$ ￿qUIreS
us tg reporl lo you rf, in our opinion".
adequate anij proper accounting re￿rdS have not been kept. or retums adequate for c￿1 audit have not been
received from branche5 not visited by us" or
the finaneial stalemenls are not in a9reement with the a¢¢ourttiny ￿￿dS aThJ ￿t￿M5- or
certain disdosures of irustees. remUneral￿n specjfied by law a￿ not made,. or
we havè not rèceivèd all the infomats.on and explanal￿n5 we iequire for our audit.
the trustees were not entrtled to prepare the finanoal statements in accordan¢È wrth the small companies
gime and take advantage of the small comparies. exemptions in pceparing the truslees, report and from the
requirement to prepare a Strateg￿ report.
Rtsponsibilitits of Irustees
As explained more fully in Ihe slatefflenl ol Iwstees. ￿$rA)nSibIlitieS. Ihe trustees. who are also the directofs of the
arity for the purpose of cofflpany law. are responsible for the preparab.on of the finanoal stalements and for being
satisfied that Ihey give a truè and fair view. and for suGh internal conlrot as Ihe trustees determine is necEssary to
enable the preparabon of financk21 stalements that 3Tè free trom malenal missialemenl, whelher due lo fraud or
error. In preparing the finanaal 51atements. the trustees are responsible for assessing the charity'5 ab'lty to
continue as a gryng concern. disdosing. as appli(able. matters related to going concern and vsing the going
¢oncem basis of accounts.ng Un￿$$ the trustee5 either intend to liquidale the tharilable o)rnpany or lo cease
operations, or have no realistic attemalive but lo do 5Q.
Auditorfs responsibilities for the audit of the financial statements
Our objectives a￿ to obtain reasonable assurance about whether the ffinancial stalements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an audttorfs report that indudes our opinion.
Reasonable assurance is a high level of assurance but is not a gLtarantee that an avdit conducted in accordane
with ISAS {UK) will always detect a material misstatement when it exists. Misstslements Can arise Irtsm fraud or
e￿Or and are c￿Sidered malerial if. indNidualty or in the aggregatè. thèy could reasonabty be ex￿ed to influence
the economic decisions of usefs taken on the basis of these fina￿￿31 statements.
IrregtJlarib"es. induding fraud, are instancès of non-compliance with law5 and regukts"on5. ￿ design pror2duiès in
line with our responsibiltties, ouuined above. to detect material mt$5taternents in respect of IrregularTbes. including
fraud. The exlenl lo whth oui wo(%dures are ¢apable ol detecb.ng iFreguJarth5. 1nckJd￿g fraud. is detailed below.
In identifying and asse5$1ng risks of material rnisstatemenl in respect of irregulaiilies, induding fraud and non-
compliance with laws and regula1￿5. our procedures induded the followir@.'
Obtaining an understanding of the legal and regulatory framework that the charity operales in. foc#Jsing on
those laws and regulalions that had a direct effecl on the ffinanoal statements and 0￿ratiOnS,.
Obtainin9 an understanding of the charitys po￿￿$ and prO￿uTeS on fraud risks, induding kntr￿Iedge of
any actual. suspected ￿ alleged fraud
Discussing among the engagefflenl team how and where fraud might orxur in the financjal Statements and
any polerblial indicatOf5 Qf fraud through our knowledge and understanding of the charity and our sedor-
specbffic experience.

MISSION MOTORSPORT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MISSION MOTORSPORT
As a resuli of these prowlures. wg con%dered Ihe opportunities and in￿tiveS that may exist within the tharitable
company for fraud. We are also required to perform speufic procedures to respond to the risk of management
override. As a resuh ol perfomiing the above. we identthed the folltrAfing areas as those most likely to have an
impact on the financial statements." health & salety. employment law and compliance with the LIK Companies A
and Charities A¢t.
In addition to the above. our yocedures to respond to risks wjentified I￿uded the followThJ.'
makn.ng enquiries of management and those charged with govemanct about any known or suspecied
instances of non-compliance ￿th laws and regulat￿n$ and fraud..
Re￿￿WIng minute5 of meètsngs of the boaid antj senior management.
Challenging assumplions and judgements made by management in their sHJnfficant accounting estimates.
Auditing ihè risk ol management override of controls, including through testing joumal entries and other
adjuslmgnls appropriatenèss.
Due to the Inherenl limitations of an audrt, there is an unavoidabk risk that some material misstatement In the
rinancial statèmènis may not be dÈtectet1, even though the audit is properfy planned and perfomied in ￿ColdanCe
wilh the ISA5 IUKI. For instan¢e. the further removed non-compliance is from the events and transacti￿$ refiected
in the finanaal statements. thè lèss likety the auditor is to become aware of it or to reo)gnise the non-compliancè.
A further dewiplion of our responsi￿"11￿&S is availabk on the Financial Reporting Counufs website at.. https-.11
wV￿.frc.org.UkIau￿r(0ys￿$p9n5Ib1IIties. This description fom)s part of our auditorfs report.
Use of our feport
This report is fflade solely to Ihe charl￿S trustees. as a body. in accAydance with part 4 of ihe Charities {Acc¢yJnts
and Reports) Regulations 2008. Our audit work has been underlaken so that we mighl stale to the charivs trustèes
those matters we are requiretl to state to them in an audrtors. report and for no other purpose. To the fullest extent
permitted by law. we do not accept or assume responsI￿lity to anyone other than the charity and thè charitys
trustees as a body. for our audit work. for Ihis report. or for the opinions we have fomed.
Robin Evans BA FCA CTA DChA (Senior Ststutory Auditor)
for and QD behalf of Carpenter Box
Chartered A¢Gountants
Statutory Audltor
Worthing
27 November 2023
a￿enter Box is a trading name ofcarpenler Box Limited

MISSION MOTORSPORT
CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES
INCLUDING CONSOLIDATED INCOME AND EXPENofTURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2023
un￿s1T1¢ttd Restricted
funds
2023
Tolal
Total
2023
2023
2022
Nots¥
Income from:
tlonations and legaues
Charitable activitiès
Other trading aclmties
Investments
682.767
44.813
252.492
14
162.
845.727
44,813
252,492
14
596.672
14,115
217,326
Total income
980.086
162,960
1,143.046
828.115
Ex
enditure on:
Rai￿n9 funds
99.929
99.929
107,332
Charitable activities
764,653
159,265
923,918
782,860
Total rnsourctt •xpÈnd•d
864.582
159,265
1.023,847
890.192
Tax payablè
11
N•t in¢omellexpenditure)
115.504
3,695
119,199
162,0771
Other gains or losses
99
Net moY•mènt In fund$
115,504
3,695
119,199
181,9781
Fund balanees at 1 March 2022
2.476
37,038
99,016
Fund balances at 28 FebNary 2023
117.980
38.257
156.237
37.038
The consolidated statement of finaniial actiwiiès ￿dudeS al gains and kjsses recognised in the year.
All incryne and expendituie derive from cDnb"nuing ath"b"es.
The consolidated statement of finanual activilies #150 complies wth the requirerrents for an ir¢ome and
expendrture accoLsnt under the Companies Act 2CK6.

MISSION MOTORSPORT
CONSOLIDATED BALANCE SHEET
AS AT 28 FE&YRUAR Y 2023
2023
2022
As reststed
Fixed assets
Tangible asseis
12
73.195
76.162
Current as$•ts
Sloths
Debtors
Cash al bank and in hand
14
1S
8.477
64.515
116.641
146,463
113.665
265.034
189,833
Crèditors". amounts falling due T*4ithin
onè yèar
16
1156,1591
(193,1241
Nel currènt assetsllliabilities)
108,875
13,291)
Total assets less ¢urrMt liabilities
182,070
72.871
Creditors: amounts falling due after
than on¢ yéar
17
125.833)
135.833)
Net assets
156,237
37,038
Income funds
Reslricle(I lund
Unrestricted funds
38,257
117.980
34.562
2,476
156.237
37.038
The InJ$tees have prepared grot4) a¢¢ounts in ar￿[dan¢tr ￿￿th the Companies Acl 2006. $398 and the Charities
Ad 2011, s138.
finanual stalements were approved by the Trustees on27 November 2023
MT A D Compson
Trustee
Company Registration No. 07862605
10-

MISSION MOTORSPORT
CHARITY BALANCE SHEET
AS AT 28 FEBRUARY2023
2023
2022
As restated
Notey
Fixed ass•ts
Tangible assets
Investments
12
13
73.195
200
76,162
200
73.395
76,362
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
8.477
10.025
59.062
125.599
109.532
240.037
Creditors." amounts falling duè within
one year
16
(133.7811
1134,1201
Net current assetsl{liakn"lrtiesl
11A,256
156.5561
Totsl assèts l•ss current liabilitie5
179.651
19,806
creditors: amounts falling due after
more than one year
17
125.8331
{35.833)
N•t assetsl{Ilabllits•s)
153.818
{16.02n
Income fvnds
Reslrided fvnds
Unrestricted funds
20
36.257
115,561
34.562
(50,5891
153,818
(16.027)
The finanr3al stalements were apwoved by the Trustees #.7 NOveM￿r 2023
MrA D Compson
Tru¥tèè
Company Rogistration No. Q7862fj05

MISSION MOTORSPORT
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2023
2023
2022
Cash flow5 from operating activities
Cash generated from opÈiations
26
8.810
1,216
Investing actÈvities
Purchase of tangible fixed assets
Proceeds on disposal of tangl￿e fixed
assets
Interest recewl
(10.000)
{1.058}
3.522
14
Net cash (used inllgenerated from
Investing activities
11,986)
2,466
Flnancing actlv•tles
Rèpayment of bank loan$
(10.0(KII
14.167)
Met cash used in financing athil￿S
{10.C(MJI
14,16n
Met decrease in cash and cash equlvalents
(3.1761
14851
Cash and cash equivalents at beginning of year
116,841
117.326
Cash and cash equivalents at end of year
113,665
116.841
12-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY2023
Accounting policies
Charity Infr•m7ation
Mission Molorsport (tho thafity) is a private company limiled by guarantee incorporated ￿ England ￿(1
Wales. The registefed office is Unit 11 W & G Industrial Eslate. Famg¢Jon Road. Wantsge. England, OX12
9TF.
The group consists of Mis￿on Motorsport and its subsidiaries, Mission Molofsport TradM)g LinNted and
Mission Consvlting Servic*s Limited.
1.1 Accountlng convèntion
The financial slatemenls have been prepared in aczordance wrfh the charivs arttdes of associabon, the
Companies Act 20[￿ and "Accounbng and Reporting by Charrties.. Slaternenl of Recommended Practice
applicable lo charities preparing their awjunts in accordan￿ wtth the Financaal Reporting Standard
applI￿￿e in the UK and Republic of Ireland IFRS 1021" (as amended for accountiThJ per￿$ commencing
from 1 January 20161. The charity is a Public Benefrf Enlity a5 defined by FRS 102.
The tharity ￿ a Qualifying enlty fiK the purposes of FRS 102. bwng a member of a group where the parent of
that group prepares publidy awailabk con501idaled ffinan(xal stalemenls. induding this charity. which are
intended to give a tnje and tsir wew of Ihe assets. liabili1￿$. finanryal position and resuh for the group. The
harity ha5 Iherefore taken advantage of exemptions from the following disclosure requirements for parenl
¢harity inforrnation presented wrthin the consolbdated finanryal slalements".
Section 7_ Stalemenl of Cash Flows". Pre5enlation of a statement of rash and related notes and
disclosures.
Section 11 'BaS￿ Financia Instruments. and Section 12 '01hei Finanryal Instrument Issues.: Carrying
amounts, interest in¢omelexpense and net gainylosses for each category of financ¢al inslrument,.
basis of detemiining values,. delails of collateral. k)an delaults or breaches. details of hedges,
hedging fair value changes recJJgnTrsed in wofft or loss in other ¢X)Mp￿henSiVe in(£Jme.
A separate Statement ol Financial AciNtties and Incorne and Expendrture Account for the charity has not been
presented because the thanty has taken advantage of the exempb.on afforde(I by seclion 408 of the
Companie5 Acl 2006.
The finan¢ia statements are prepared in sterfing. whth is the fvnctional cJJrrency of the charity. Moneiary
amounts in Ihese financ481 statements are founded lo the nearest £1.
The financial statèments have been prepared under the historical cosl conventi￿. Thè prinapal accounts.ng
policies adopted are set out below.
The charily is a company limited by guaranlee and has no share capiial.
1.2 Going eone•rn
These financial Statements have been prepared on a wng concem basis. The trustee5 have considered the
relevant information. induding the annual budget and forecast future cashllows until the end of December
2024 and the impact of subsequent events in making their assessment. The charity has at all times been able
to meet ils liabilities as they fall due. Whilst Ihe ￿mainIng economic impact of the COVID-19 pandemic is
reduced this, when now combinèd wilh the currenl econom￿ envtronment and ￿goIng u)st of living
challerbges, has had a s￿nffi￿nt irnpact on the charities ¢)peiations, in particular the changin9 and
thallenging natu￿ of fundraising. Whilst the war in Ukraine conb.nues to hèightèn public awarenes5 of fflilitary
issues this is not direclty benefiual to the charity and indeed puts a lurther eall on already limited available
lunding. However, the tnjstees have perfonned a robust anatysis ol lthure Gashflow5 whilst taking into account
Ihese potential impacts. induding ojnsideration of ihe effethveness of available measures to assist in
mitigating the impact
Based on these in depth assessments and hawng regard to the ￿sOurceS available to the èntity. the trustees
have ¢onduded that theie is no maierial uncertainty in celats'on to Ihe appropriateness of continuing io adopl
the going concem basis in preparing the amual rep￿ and ac£(*Jnts.
13-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FE8RUARY 2023
Accountin9 polier•s
Icontinuedl
1,3 Charitsble funds
Unrestricted funds are available for use at Ihe discretic￿ of the trustees in fijrtherance of their charitable
objectives.
Reslricted fvnd5 are subjecx to S￿¢ (xJnditK)ns by donors as to how they may be u5e(l. The purposes and
uses of the reslnded lunds a￿ set oul in the notes io the ffinancaal statements.
1.4 Incomin9 rèsourcèg
Income is recxjgnrsed when the charty is legalty enlrfed lo rt after any performance conditi'ons have been met.
the amounls can be measured reliably. and it is WObab￿ that income will be re￿ived.
Donations, granls and grts are re￿9n￿ed Wh￿ rèter¥able. In the event that a donation 15 subj.ed to fujfjlling
performarbce conditions before thè charrty is Èntitled to Ihe fvnds. the incDme 15 deferred and not rècognised
until it is probable Ihal Ihese conditK)ns will bè fuKilkd in the reporting period. Income from Gift Aid tsx
reclaim5 is recjjgnised for any donab"on$ wrth rebevanl GiftAid ts¥ certy"fficales as income for the year.
Other trading actiwtiès ar• measured at Ihe fair vabjè of Iht consideratitsn r•céNed or le￿1¥able and
represents amou￿15 reeeNable for goods and services provided in Ihe nomial ¢tsurse ol business, net of
discounls. VAT and othei salès felated taxes.
1.5 Resourtes •xpÈnd•d
Expenditure is accounted for on an acc￿815 basis and has been dassif￿d under headings Ihal aggregate all
costs related to the calegory. Where costs cannot be directy attributed to parlwlar headings they have been
allocated to actNitses on a ba￿S consistent wrth the use of resources.
Expenditure on raising fund5 includes all expenditure incurred by Ihe charity to raise funds for ils charitable
purposes and includes costs of *1 lundiaisiThJ adiwb.es evenls and nowharitaUe Irading.
Expenditure on charilat4e ac1JV￿es 15 inCu￿ed on dyectty undertaknng the actmties which further the C￿ty'S
objectives. as well as any assooaled c£Jsts.
1.6 Tangible fixed assets
Tangible fixed assets are initialy measured at cost arW subsequÈntty mèasured at cost or valuation. nel of
depreryation and any impairment losses.
Dèprèciation is recognised so as to write off the cost C￿ valuation of assets less their residual values over I￿r
useful lives M the followin9 bases..
Plant and equipment
Fixtures and fittings
Computers
Motor vehides
33.33% per annum straight line
10% to 33.33°k per annum 5traighl l¥ie
33.33% on cost
25% per annum on diminishing balance 120% per annum
straight line
The gain Of loss arising on Ihe disposal of an asset is detemiined as the difference be￿een the sale
proceeds and the ¢Arrying value of the asset. and is recognised in Ihe statèment ol finanoal aclivitiès.
1.7 Impairment of fix￿ assèts
At eath ieportin9 end dale, the charity revi￿5 the carrying amounts of its tan9iblè assets to delermine
whether there is any indicalion Ihal those assets have suffered an impaimenl loss. 11 any such ind￿tIOn
exists, the recoverable amount of the asset is estimated in order lo determine the extent of the irnpairment
loss Irf any).
14-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2023
Accounting polici•s
{Continu•dl
1.8 Storks
Stock5 are slatèd at Ihe lowerof cost and estimated sefiing prkx less (x)sls lo u)mplete and seti.
1.9 Cash and Cash eqvivalents
Cash and cash eqvivalents indude cash in hand and deposrts held at call wth banks.
1.10 Financial instrum•nts
The charity and group has elected to appty the prowsv)ns of Section 11 'Basic Financial Irtstnjmenls. and
Section 12 '0ther FinancAal Instruments Issues. of FRS 102 to al of its finwoal instruments.
Financial instruments Ère recognised in the thanty and group's balaThx 51wt when the charity and group
become party to the contractual provisions of the instnjment.
Finanual assels and liabilities are oltsel. with the nel arnounts presented ￿ the financyal slalements, when
there 15 a legalty enforceable right to set off the recognised amounts and there is an intention lo Sett￿ on a
net basis 01 to reali5e the asset and sellje the lAbl￿ty gmuttaneously_
Basic financial assets
Bas￿ finanual assets, which indude debtors and cash aThJ bank balances. arè inrtiaNy measured at
Iransaction price including transadion costs and are subsequenuy carried at amortlsed Gost using the
effectwe interest method unless the arrangemenl consb"tutes a finanong IransactK)n. wthére thè transaction is
measured al the present value of the lulure receipts discounted at a mathet rate of interesL FinanGial assets
dassifiè(l as receivable within one yèar are not amth"sed.
80si¢ finan¢ial liabililies
Basic financial liabililies. induding ueditors and bank loans are initially recognised at transaction price unless
the afrangement conststutès a financing transacb'on. where the debt instrument is measured at the p￿sent
value ol the future payments discounted al a market rate of interest. Financial Siabilitie$ classified as payable
within one year a￿ nol amortisèd.
Debt instruments are yjbsequenlty carried at amortised cost, the effeclive intetest rale m8thod.
Trade creditors are obligations to pay for goods or seNces that have been acqL[l￿ in the ordinary course of
operab.ons from suppliers. Amounts payable are dassified as current liabilities if payment is (Jue wilhin one
year or less. If not. they ai¢ piesented as nOr￿Ulrent liabilities. Trade credilots are re¢ognised initially al
transacbon price and sUbS￿Uenfy measured at amortised cost using Ihe effective inleiest method.
Dereeognitlon of finaneial liabllities
Financial liabilities are derecognised when ihe tharty's contraciual oblua1￿$ èxpire or are discharged or
cancelled.
15-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2023
Accounting polici•s
ICtsntinu¢dl
1.11 Taxation
No provision kn taxatKJn. deferred or othemse. has been madè in the charity financial statèmènts as Mission
Motorsport is a chanty in acCOrdar￿ ￿th the chanb.ès Ad 2011 and is exempt from taxabon except Value
Added Tax, provided that income and garns afe applied for d)arilable purposes under S.505 of the Income
and CwporatKJn taxesAct 1998 and S.145 of Ihe Ca￿1 GaM)s TaxAct 1979.
For sub5ithary undertakings the tax expense represents the sum of the tax ojrrentty payable and deferred lax.
Current ta¥
The lax currenljy payable is based on taxable profft for the year.
Deferred ta¥
Dèferred tax liabililies are generaly recognised for all drfte￿rtCes and defeffed tax assets are
recognised to Ihe extent that rt is probable that they will be recovered against the reversal of deferred tax
liabilities or other I￿Ure taxable wofts.
1.12 Employee beneffts
The cost ol any unuseil holiday enIrt1￿￿t is recognised in the period in which the empk)yee's ser¥ices are
received.
Termination bèneffts are recognised immet1iatety as an expense whw the charity is demonstrably committed
to temiinatè the em￿OyMent of an employee or to pro￿de tèmwwti.on beneffts.
1.13 Basis of consolidatlon
The gTOUP financial staternents consolidate those of ihe charity and of ils subsidiary undertakings togeiher
with the group's share of the re5uJls of assooales made up to 28 Febrvary 2023 In fvll. Subsidiaries are
included in these financial statements on a h'ne by Ine basis.
All inlra-gfoup transactions. balances. incomè and expense5 are eliminated on eonsolidation. Adjustments are
ma(Je to eliminatè Ihé wofft ot ltsss ansing on transac1K￿5 Wrth associated to the extent of the group's interest
in the entty.
Critical a¢eourtting Èstimatès and judgèm•nts
In the application of the charity and group's ac(x)unling p(Jic4es. thè Irustees are required lo make
judgements. estsmates and assumpts.ons about the carrwng amount of assets and IiabilrtTres that are not readily
apparent from other sources. The ests"mates and associated assumptions a￿ based on historical experience
and other factors that arè considered to bè rèlevant. A61ual results may dtffèr from thÈsÈ èstimates.
The estilnatès and underfying assumptions are ￿MeWed on an ongoing basis. Re￿510n5 to accounting
estimates are rectsgnised in the period in which Ihe esty.mate rs reM5ed where the rewsion affects only that
period, or In the ￿riod of Ihe rèvision ana futL*e periods where thè ievisK>n affècts btsth euTrent and future
periods.
16-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
Donations and legacies
Group
Un￿trICI¢d Reslricted
funds
funds
Total
Total
2023
2023
2023
2022
Donations 8nd 9ifts
Grants
682.767
162.
845.727
557.618
39,056
682.767
162,960
845,727
596,672
Charity
Unrestricted Restricted
fun
furtds
Total
Total
2023
2023
2023
2022
Donations and gifts
Grants
777.767
162.
940.727
6(￿,615
39,056
777,767
162.
940,727
645.671
Vlffthin Ihe group eomparath.ve perrod £177.5W of donatK)ns and grfts vthe restricted. All other amounts were
unrestricted. induding grants feceived.
Charltable activibos
Group and charity
IAer¢handtse Merchandise
sales
sa￿8
2023
2022
Sales within chantable adi¥￿eS
44,813
14,115
In the cuffent and comparative perilxls. al income fr(Mn mer¢handt5e sales was un￿stricted.
17-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
0th8r trading activities
Group
2023
Charity
2023
2022
2022
Recharge of staff o)st5
Income eamed by tra¢Jing $Lth￿lary
92,294
160.198
127,294
65,511
217.326
Other Irading 8th"th"es
252.492
217.326
127.294
65,511
In the ojrrent and comparalive periods. atl Inc￿ from other trading a¢thvities was Un￿stric1ed.
Raising funds
Gmup
Unrnstrlcted
funds
Total
2023
2022
Fundrxisl
Advertising
Other fijndraising o)sts
and ubli
818
25,825
3,804
13.101
Fundraising and publicity
26,643
16.905
Tradin
costs
Support costs
73,286
90,427
99,929
107.332
In the Gu￿ent and crynparab.ve periods. al u)sts of raising funds were unrestricted.
Charity
Unrestricted
fund5
Totsl
2023
2022
Fundrwsin
and ublici
Seeking donations. grants and lega(aes
Adverljsing
Olher fundraising cosls
818
25,825
3,804
13.101
Fundraising and publiGity
26.643
16,905
26,643
16.905
18-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
Charitable aclivities
R•stricted Unrestricted
Other Costs
Support
costs
Group and charity
Totsl
20Z3
Total
2022
2023
2023
Audit and accountancy fees
Administratyon cDsts
Delivery costs
Building overheads
19.816
19,816
30.390
30,390
660.443
819.708
54,1)04 54,004
27.874
22,727
664.804
67.455
159.265
159,265
764.653
923,918
782,860
In the comparative period £143.770 of expendilure on tharitat4e a￿"vit*S was restricted and the remainder
was unrestricted.
Trusts•s
None of the trustees I￿ any persons connecied wilh them) r￿e1ved any remuneration or benefjts from the
arity or its associales and subsidiaries during the current or prewioLts year. No charity trustee received
payment fo( professional or oiher services supplied to Ihe charty.
Non èxehangè transactions
During the year an asset Was donate(I to tharity with a faif valuè of £10.OCK) 12022 - nifj. In addition
track days were provi¢Jed fof free t01all￿g a fa￿ value 01 £24.¢Y)012022- nil).
19-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 28 FEBRUARY 2023
10 Efflploy
Group and charity
Number of employees
The average morlthty number of empkJyee5 durry thè yèar was:
2023
Number
2022
Number
Management
Administralion
Vocational
Workshop
16
14
Wages and salaries
Social security costs
Other pension ¢osts
555,577
53.703
10.744
446,040
41.834
9.888
620.024
497.760
The number of èmployees whose annual rèmuneration was £60.¢J)O or moce were..
2023
Nwnber
2022
Numbtr
£70,001- £80.000
£80.001 - £90,000
11 Taxation
The tharily is exempt from o)rporation tax as all its ir*come is charitable and is applied lor charitable
purposes. The activiiies of charitls trading subsidiaries. Mission Motorsport Trading Lirnited and Mission
Consulting SeNces Limited, are chargeable lo corporation tax at the rate of 19°A on profrts arisiThJ and not
disiributed to the charity. The c￿bined charge to corporation tax in the year was £nil12022." £nill

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y 2023
12 Tangible fixed assets
Group and Charity
Plant and Flxiur•5 •nd ComputW5M¢)torv•hi¢1gs
qquipn*nt
Total
Cost
Al l March 2022
Addition5
Disposals
16.852
25,944
10.388
251,240
304.424
20.000
20.000
{14,300} 114.300}
Al 28 February 2023
16.852
25,944
10.388
256,940
310,124
Deprtciation and impairmènt
At 1 March 2022
Depre(ialion chaiged in Ihe year
Eliminated in respect of disposals
15.4
1.086
25,932
12
9.595
353
177,245
228,262
21.073
22,524
113.8571 113,8571
Al 28 February 2023
16,576
25,944
184.461
236,929
Carrylng amount
At 28 Febrvary 2023
276
440
72,479
73.195
At 28 February 2022
1,362
12
793
73,995
76.162
13 Fixed asset Investrnents
Group
2023
Charity
2023
2022
2022
Investments in sUbS￿larIeS
200
200
14 Stocks
Group
2023
Charity
2023
2022
2022
Finisheil goods goods for resale
8.477
4.906
8,477
21

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
15 Debtors
Group
2023
Charity
2023
2022
2022
Amounts falling due within one year.
Trade debttys
Amounts owed by associate undertaknn9S
Other debtors
Prepayrnents and awued incon
141.555
61.923
105.597
15,694
1.484
6.549
591
1.401
591
1.401
4.308
145.863
63.915
125.599
10,025
Delerred tax assel
146.463
64,515
125,599
10,025
16 Crpditorn: arnounts falling due within one year
Gwoup
2023
Group
2022
Charity
2023
Charity
2022
Bank loans
Other taxation and social secwity
Deferred income
Trade creditors
Amunts owed to associate undertakings
Othw creditors
Accruals
18
10,OIXJ
23,710
60.788
16,3C6
24.140
895
20.320
10.000
62,325
68.485
28,883
10.(XK)
18,869
49.945
14.979
10,000
33,817
66,403
3.619
19
3.925
19,5(
25.035
14.953
3,925
16,356
156,159
193,124
133.781
134,120
17 Creditors: amounts falling due after more than one year
Group and Charity
2023
2022
Bank k)ans
18
25.833
35,833
18 Loans and overdrafts
2023
2022
Bank loans
35,833
45,833
Payable within ore year
Payable after onè year
10,CI)O
25,833
lo.(￿0
35,833
The bank loan is 1NJ% guaranteed by the government.

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
18 L￿n$ and overdrafts
(Continued)
The loan carrie5 a fixed inleresl rale of 2.5% per amum and is payabk over 6 years from the date of receipt.
19 Oeferred in¢omÈ
2023
2022
Other deferred income
60,788
68,485
Deferred incune at 1 March 2022
Released from previous years
Resources deferred in the year
68,485
168.4851
60,788
24,109
24.1091
68.485
Deferred income at 28 February 2023
60.788
68,485
Oeferred income relates to grants received wrth bme related terms attached which relate to futtwe periods and
income received we-year end fw traintng courses invoices but not proTrAded al the year end.
20 Restricted lunds
Group and charity
The incryne fund5 of the charity indude restr￿ted fvnds comwising Ihe following unexpended balanrEs of
donal¢ons and granis held on trusl for Spear￿ PUTposes'
lknement In funds
Incomfin9 Rosour¢•s
r•souvc¢s
1 Ma￿h 2022
28 February
2023
Oc0Jpal￿nal Therapy Suppc¥i
Barclays Grant
Veterans Foundation
Amed Forces Covenant Fund Trust VPPP- ScKth
West
Armed ForGes Covenant Fund Trust- Wales
Armed Forces Covenant Fund Trust - Midlands
Armed Forces Covenant Fund Trust- Woodlands
Experiences
Am)ed Forces Covenant Fund Tru5t- Force for
charge- Three Sisters
Amed ForGe5 Covenant Fund Twst- Recovery Swt
Armed Forces Covenant Fund Trust- ThrÈè Sisttrs
832
18.230
832
25.000
3,388
141,2301
13.3881
40,697
18.750
43,750
140,697)
{18,7501
{43.750}
17.$00
18.375
13.750}
32.12S
14,2th)1
11,7501
11,7501
5.300
1.750
1,750
34.562
162,960
{159,2651
38,257
23-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
20 R•$trlct•d funds
ICortin¥¢dl
IAov¢mertt in funds
B*ncg at 1
Incoming
R•sources
8alanr• at 28
Ma￿h 2021 w•sourc•s
p¢ndgd Fobruary 2022
Occupational Therapy Supporl
Bardays Grant
ABF - The Amiy's National Charty
Aimèd Forces Covenant Fund Trust- Kt¥)dland
Experiences
Armed Forces Covenant Fund Trusl- Three &"sters
Armed Forces Covenant Fund TnJst- Recovery Sport
Greerwich Hosprtal
832
832
16,230
18.7701
120.0001
20.000
52,500
35.0(K)
35.000
10.orKI
I35,0￿)
135,lJ)01
{35.0001
110,CK)01
17.500
832
177.500
1143,7701
34,562
Occupalional Therapy Support- to PrO￿￿e direct support for the PLJrch8se of OT equipment and lo ¢ovef
exrenses for OT volunleers wcxknng in direcl svppori of MM beneficaaries.
8arclays- Providing multhyear fvnding to UK chariiies Wo￿ng to support vulnerable people impacted
by COVltk19, and the asswated social and economic hardship caused by thè uisis. Funding 15 focused Dn
supporting charty parlners who are meeling the immediate needs of people in our communNie5, induding
low incorne families. those facing finanoal hardship. isoLated elderty people and kèy WOTkers.
V•t•rnns Foundation- The granl wdl be used exdusNety to part fvnd the salary of the Training Manager for
12 months who is reSponsi￿e for delivering practical training lo Miswon Motorsport beneficiaries and
students, induding and espeaally Ihe Wbs beneffiaaries with urique issues in line with Ihe Mission
Motorsport"Relrain" progfamme.
Ami•d FO￿•$ Covenant Fund Trust- Veterans, PlaGe5. Pathways and People IVPPPI South West- One
of 10 hjnded portfolKs projects auoss the UK. Thè Souu) West porffolio is managed by Invictus Games
Foundation. Each portfdio woths regionally to devekjp L￿er, more joined up lasting support for local
vetefans with mental health needs.
Armed Forc•s Covenant Fund T￿￿t- Veterans, Places. Palhways and People (VPPP) Walès- Onè of 10
funde(6 portfolio Fxojeds across thè UK. The Welsh portfdio is managed by Adferiad. Each portfolio woths
reg￿nal￿ to develop bètter. mofejoined up lasb.ng SUPPOrt for kn¢al velefans wth rnentsl healu) needs.
Armed Forces Covenant Fund Trust- Veterans. Places. Pathway$ and People ￿PPPI Midlands- One of
10 fund8d portfolio projects across Ihe UK. The Midlands portfolbo is managed by DMWS. 'Joining the ¢Jol5'
Midlands Veterans wellbeing alliance. Eath ptsrtfdio works regitsnalty io devekjp better. more joined up
lasting support for local veterans Wrth mental health needs.
Arnied Forces Covenant Fund Trust- Woodland Experiences- The project wil provhle over 250 individual
opporlunities annually fof velerans to attend a veteran-led. purpose designed 24hr outdoor experience in the
North West of England. Delivered by partner Woodland E￿rienceS, the projecl prowdes a wekome break
for hard lo reach veterans and their families creating memories and devewng skills
For¢es Covenant Fund TN$t- Force for Change - Thiee Sisters - This group wil (un adiwties at
Three sisters thrcuit. created by Wigan Coun(il and used foi karb"ng. bikn.ng and cars. The events offered by
the group wiu draw veterans inlo sport and offer a'kvel playing lel¢Y for disabled and able-bod￿d veterans.
SeS￿On$ will indude car control. a track experwce and driver training.
-24-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
20 Restricted funds
{Continuedl
Arnied Fofces Covenant Fund Tnmt - Recovery Sport - The gflHJP will offer outdoor, incNJ5Ne actsvilie5
including Wslts lo Goodwood. Silverstone. Anglesey & Thruxton. Car conliol Sessions. 4x4 expèriencès and
driver training. aclmty is desvJned to be ￿S￿l*￿)nal3￿J ilK￿U$lVe, budding confiden¢* and fn"end$hips
and being veteran led.
ABF The SoJd4er5' Charity- Prwdes grants lo ser¥Ke tharilies 10 5UPPOrt those in or whrj have lèft the
British Amiy. A8F prowded £20.IW of fun¢*"ng kn ¢over Uwee elements of the ¢harTty. Race - Retrain
Recover. forArmy beneficiariès.
Amied Forces Covenant Fund Twst- Three Sisters- This group wll run a(aivities at Tree Sisters circuit.
created by Wigan Council and used for karting. biknng and cars. The events offered by Ihe group will draw
veterans into sport and offer a 'level playing ffielrf for disabled and able-bod￿d veteran5. Sessions will
include car c￿ntr£I. a track experiènce and driver Iraining.
Greenwich Hospital
Provides grants to Servi￿ charities to support those in or who have lett the Royal
Navy. GreenwKh Hosprfal prwded a grant for delNery of sport, training and vocational activities to Navy
benefficiaries.
21 Analysls of net assets betwe¢n funds
Unrestricled Restrictsd
2023
2023
Totsl
2023
Tolal
2022
As rnstatsd
Fund balances at 28 Febwary 2023 are
represented by..
Tangible assets
Currènt assets1lliabil￿.eS}
Long term liab'lilie5
73.195
70,618
(25.833)
73,195
108,875
{25,833)
76,162
13,2911
135,8331
38,257
117,980
38.257
156,237
37.038
the comparative period. £34,562 ofthg net ¢urrenl IAbilities were restrided.
22 R￿al•d party transactions
Group and ¢harity
Rèmuneration of key management ￿￿onna1
The remuneration of key managemenl personnel is as folk)ws.
2023
2022
Aggregate compensatk)n
150,037
144,328
During the year purchases 01 £92.29412022- £nil) We￿ made by a eonnected company. Mr$5ion Renewable
CIC. At the year-ènd a credrtor of £24.140 {2022- £niD was 0utStsr￿.ng.
25-

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUAR Y 2023
23 Prior year adjuslment
In the previou5 year £17.500 of income and £12.0￿ of expenditure was mi5-allo¢aled agarnst the Arme(I
Forces C(>venant FunE1 Trust VPPP - Midlands inrtiab.ve vthen Ihe £17.500 incx>mè actually related lo the
Arrned Forces Covenant Fund Trust - INoodland Experiences. This full irrwne amount of £77,500 should
havè bèen carried forward at the end ol the prewous year as it was not spent. This has resufted in a prior year
adjuslment to ￿moVe the Arn￿d Forces Covenant Fund Twst VPPP Income and as a resutt reducing the
restricted expendÈture by £12.000 and increasing unrestrided expendrture by the same amount. This resutted
in increasing the opening restricted fvnds by £12.(*JO and reilucxng the unrestricted funds by the same
amount.

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMEMTS ICOIffiNUEDI
FOR THE YEAR ENDED 28 FE8RUARY2023
24 S¢Jbsldkrf
R•9lsi•md
ss•f
Lto Aspw rffj7U$35
un￿5￿￿1￿9 LW A¥Jxr
11nfj7$1
Tr*￿￿9 L
Ljd
72.132
71.186
15.¢154)
1•.3
tt619
17.995
2J14

MISSION MOTORSPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
2S Analysis of changes in net funds
At 1 2022
C4h Ilows At 28 Fobruary
2023
Cash al bank and in hand
116.841
{3,1781
113.665
Loans falling due within one year
Loan5 lalling due aftef more ihan one year
110,000}
135,833}
110,0001
125,8331
10.rK)o
71,(*)8
6.824
77.832
26 Cash genernted from optrations
2023
2022
Svrpluslldefi¢rtl for the year
119.199
{62,07n
Adiuslrnenls for..
Investment income recognised in 5talement ol fin￿¢14 actmiies
ForeMJn exchange drfferÈnces
Loss on disposal of f￿ed assets
Depreaation and irnpairmeni of tangib￿ fixed assets
Oonaled assets
{141
12}
99
1,579
30.424
17,557)
22.524
(10.000)
Movements in wor*ing (aprtal."
Oeuease in slocks
(InC￿aSe1 in debtors
(Decreasellincrease in creditors
3,571
(81,948)
(36.965)
1.299
129,237}
59.131
Cash generated froffl operations
8.810
1,216
-28-